The Business Times, 30 July 2014

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Microfilm: NL33182
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, July 30, 2014
    25 words
  • Article, Illustration
    Lock icon Chinese tourist arrivals slump; quick rebound not expected
    863 1  -  MH370’s disappearance, Thai crisis, new China tourism laws, recent crashes dent travel confidence By SHEENA TAN tsheena@sph.com.sg [SINGAPORE] Big-spending tourists from China are becoming a less common sight here, and this could put a dent on the Republic’s tourism earnings And the
    PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  863 words
  • Article
    Lock icon Emerging economies to grow at 5% over next 5 years: IMF
    578 1  -  Slowdown threatens to temper advanced economies’ recovery By ANTHONY ROWLEY in Tokyo THE growth rate of emerging economies in Asia and elsewhere is set to slow to 5 per cent on average over the next five years compared with
    578 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,356.08 (+5.91) GST INDEX FUTURES 3,355.00 (+6.00) GSIMSCI 383.79 (+0.67) GSIMSCI FUTURES 383.70 (+0.90) US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.698 2.108 EURO (US$/S$/€ 1.343 1.668 Foreign currency per US$ S$ YEN 101.90 82.10 RM 3.175 2.557 HK$ 7.750 6.242 BAHT 31.82 25.63 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Tuesday Change KL COMP Closed NIKKEI 225 15,618.07 +88.67 HANG SENG 24,640.53 +211.90 SET INDEX 1,520.55 -17.58 JAKARTA COMP Closed MANILA COMP 6,850.47 -39.08 SEOUL COMP 2,061.97 +13.16 SHENZHEN B 923.54 -0.06 MUMBAI IND Closed 12 noon EDT Change DOW 16,985.16 +2.57 NASDAQ 4,452.52 +7.61
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 15.214 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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      Lock icon Page 1 Advertisements Column 1
      113 1 COMPANIES KepLand invests US$70m in New York property PAGE 7 EXEC MONEY Equities should surpass bonds in H2 PAGE 26 PROPERTY Prices of completed private condos down 1% in June PAGE 9 WEALTH MATTERS Interest in funds returning PAGE 27 My name:George Energy supply My dream:My son My business: taking
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  • TOP STORIES
    • Article
      Lock icon Non-profit organisations make beeline for Singapore
      827 2  -  Around 150 international NPOs have set up base in the Republic By RAPHAEL LIM raphlim@sph.com.sg [SINGAPORE] Singapore has long been seen as a favourite location for multinational companies looking to set up their regional home bases. Over the years, the likes of banks, pharmaceutical
      827 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      396 2 No rebound in China tourist arrivals BIG spending tourists from China are becoming a less common sight here, and this could put a dent on the Republic’s tourism earnings. FRONT PAGE Emerging economies to grow at 5% THE growth rate of emerging economies is set to slow to
      396 words
    • Article, Illustration
      Lock icon GIC invests in India e-commerce giant Flipkart
      509 2  -  It believes in the strong growth potential of India’s e-tailing industry B)’. MICHELLE QUAH michquah@sph.com.sg @Miche||eQuahBT [SINGAPORE] Singapore’s GIC has invested in Flipkart, India’s largest e-com-merce company making it one of several investors who have participated in Flipkart’s latest round of funding, which
      PHOTO: AFP  -  509 words
    • Article, Illustration
      Lock icon Consumer confidence highest since Oct ‘07
      575 2 Strengthening in job growth likely to continue LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers soared in July to the highest level in almost seven years on the heels of a strengthening labour market. The Conference Board’s index rose to 90.9, the highest
      Bloomberg; PHOTO: BLOOMBERG  -  575 words
    • Article
      Lock icon EU takes aim at Russia financing, advanced tech
      759 4 Secretary of State John Kerry says US drawing up fresh sanctions Bloomberg AFP [BRUSSELLS] The European Union has curbed Russia’s access to bank financing and advanced technology in its widest-ranging sanctions yet over President Vladimir Putin’s backing of the rebellion in eastern
      Bloomberg; AFP  -  759 words
    • Article, Illustration
      Lock icon China probes Microsoft’s ‘monopoly’ actions
      680 4 Investigation centres on Windows OS and Office suite AFP [SHANGHAI] China is investigating Microsoft for allegedly operating a monopoly in its market, the government said yesterday, as it took aim at the US software giant over business practices. The move makes the company the latest
      AFP; PHOTO: REUTERS  -  680 words
    • Article
      Lock icon Analysts not upbeat about SIA’s first-quarter results
      598 4  -  Small consolation could come from dip in jet fuel price By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Singapore Airlines (SIA) is expected to turn in a muted performance when it unveils its first-quarter results today as the airline grapples with downward pressure on yields,
      598 words
    • Article
      Lock icon HK expected to stay ahead as Asian precious metals hub
      366 4 Bloomberg [HONG KONG] Hong Kong will maintain its status as an Asian precious metals hub in the face of competition from Shanghai and Singapore, according to Brink’s Co, which is opening a new vault in the city. The Richmond, Virginia-based
      Bloomberg  -  366 words
    • Article
      Lock icon Citi in Asia-Pac commercial banking push
      539 4 It wants to hire up to 100 bankers to lift business there Reuters [HONG KONG] Citigroup plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC’s footsteps with a strategy that focuses on selling
      Reuters  -  539 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      33 2 ti-h'] $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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      54 3 Munich Automobiles The Ultimate Driving Machine THE ALL-NEW BMW M4 COUPE 0-100 KM/H IN 4.1 SECONDS. BARELY STREET LEGAL. Witness a special showcase of the BMW M4 at the BMW World 2014. Visit bmwworid.sg BMW M4 Coupe mf BMW M4 Coupe with double clutch transmission. Fuel Consumption: Combined 8.3L /100km.
      54 words
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  • Page 4 Advertisements
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      30 4 4Want access to BBQpits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      30 words
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  • COMPANY NEWS
    • Article
      Lock icon Soilbuild Reit’s Q2 DPU beats forecast
      448 5  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT JTC’s revised subletting policy, which kicks in on Oct 1, will not impact Soilbuild Reit in the medium term, said Shane Hagan, chief executive officer of SB Reit Management, on the back of the real estate investment trust posting
      448 words
    • Article
      Lock icon Starhill Reit’s Q2 DPU up despite lower overseas revenue
      426 5  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT STARHILL Global Reit yesterday posted a 5 per cent increase in distribution per unit (DPU) to 1.25 Singapore cents for its second quarter ended June 30. On an annualised basis, this translates to a yield of
      426 words
    • Article
      Lock icon RMG begins work on Holland V project
      394 5  -  Q2 earnings and revenue up; growth in foreign patients’ volume flattish By NISHA RAMCHANDANI By nishar@sph.com.sg @Nisha_BT RAFFLES Medical Group (RMG) turned in an 8.5 per cent increase in net profit to S$15.61 million for the second quarter ended June 30 as revenue
      394 words
    • Article, Illustration
      Lock icon KepLand invests US$70m in New York property
      458 7  -  Alpha Investment to manage residential development that has retail component By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT IN ITS very first investment in the US, Keppel Land is investing about US$70 million in a residential development in New York City. The property, located in an
      458 words
    • Article
      Lock icon STATS ChipPAC’s new technology sees strong demand
      330 7  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT STATS ChipPAC yesterday said that its more advanced semiconductor technology unveiled two months ago has seen strong demand and accelerated adoption across its customer base. The chip maker said that its encapsulated Wafer Level Chip Scale Project (eWLCSP)
      330 words
    • Article
      Lock icon ISDN ropes in co-investors for Indonesian hydropower unit
      399 7  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT INTEGRATED engineering solutions provider ISDN Holdings has roped in See Hup Seng as a co-investor in its ventures into Indonesia’s mini-hydropower projects. See Hup Seng, an engineering and corrosion prevention services group that is also listed on
      399 words
    • Article
      Lock icon OCBC has 97.5% of Wing Hang in the bag
      395 8  -  It will move to buy rest of shares and delist HK bank By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT OCBC is set for a full takeover of Wing Hang Bank, upon which it has staked its Greater China strategy. The bank said yesterday
      395 words
    • Article
      Lock icon Civmec unveils three-pronged expansion approach to growth
      863 8  -  Aussie firm to set up office in Singapore in next few months By ANDREA SOH sandrea@sph.com.sg@AndreaSohBT HAVING built eight different business segments in a short span of five years, Australian construction and engineering services provider Civmec now hopes to embark on the next
      863 words
    • Article, Illustration
      Lock icon Stay cautious on China, bullish on Japan: Eastspring
      665 8  -  Russia should not be discounted despite instability in Ukraine By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT EVERY day, fund manager Nicholas Ferres asks himself if today is the day to buy China. So far, his conclusion is: not yet. Even as China stocks look
      665 words
    • Article
      Lock icon Japfa to offer shares at an indicative price of 75-87 cents
      625 8  -  Bookrunners see strong interest from investors in its IPO By ANGELA TAN angelat@sph.com.sg JAPFA Limited, a producer of multiple protein foods whose executive deputy chairman is Indonesian tycoon Handojo Santosa, lodged its preliminary prospectus yesterday, seeking to list its
      625 words
    • COMPANY BRIEFS
      • Article
        Lock icon Rotary Engg disposes of Shanghai unit
        85 8 ROTARY Engineering yesterday said it has disposed of its 100 per cent equity interest in Rotary Shanghai for 22.2 million yuan (S$4.46 million) in cash. The consideration was arrived on an arm’s length and on a willing-buyer willing-seller basis, after taking into account the
        85 words
      • Article
        Lock icon SSC Q1 profit falls 7.5% on revenue dive
        141 8 SINGAPORE Shipping Corporation (SSC) yesterday posted a 7.5 per cent drop in net profit to US$1.8 million, as revenue fell 20.1 per cent to US$7.3 million in its first quarter ended June 30. The revenue plunge was led by a decline in
        141 words
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      Lock icon Page 5 Advertisements Column 1
      573 5 arme6t Vv/- jiyra/fr/a/wnA fa tAe n/ Exclusive Category N-5I AUTOMOTIVE PTE LTD SC (SANG CHOY) INTERNATIONAL PTE LTD Platitium Category CHANG CHENG GROUP PTE LTD IPS SECUREX PTE LTD STEELTECH INDUSTRIES PTE LTD TOPLY SOFA INDUSTRIES PTE LTD WESMECH ENGINEERING PTE LTD Gold Category ACCENTURY PTE LTD EVENT BUSINESS MANAGEMENT
      573 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Banks, Jardine continue to prop STI
      572 6  -  No surprises as same stocks contribute to index’s 5.92-pt rise; volume stays low STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE banks and Jardine group have played a pivotal role in propelling the Straits Times Index to new 14-month highs in recent weeks and
      Source: Bloomberg  -  572 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 29 VALUE CLOSE BT OB/OS 38.00 -70.00 BT CADI -*****.00 -71.00 BT 10-day MA -*****.00 +3.00 FTSE ST Mid Cap 783.13 -1.70 FTSE ST Small Cap 567.11 -1.22 FTSE ST All Share 816.81 +0.70 FTSE ST China Top 201.08 +0.26 FTSE ST China 229.67 +0.19 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 2 0 0 0 4 9 2 Manufacturing 35 67 43 4 10 13 39 77 56 Commerce 27 21 16 2 6 6 29 27 22 Tpt/Stor/Comms 13 13 15
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      920 6  -  Compiled by JOYCE HOOI Indofood Agri Resources July 29 close: S$0.985 DBS Group Research, July 29 Q2 2014 earnings in line on annualised basis: Excluding translational foreign exchange losses of 91.5 billion rupiah (S$9.78 million), IndoAgri (IFAR) booked Q2 2014 core earnings of Rp316 billion (+377 per cent
      Source: Bloomberg  -  920 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,992 18,992 69,477 69,477 Manufacturing 322,561 33,760 356,321 103,831 5,033 108,864 Commerce 62,806 166,568 229,374 62,324 7,160 69,484 Tpt/Stor/Comms 112,201 82 112,283 124,079 10 124,089 Finance 20,520 796 21,316 225,463 249 225,713 Construction 37,513 29,539
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 6 Stock name Close Change Ascendas Reit 2.350 CapitaLand 3.290 -0.040 CapitaMall Trust 2.010 +0.010 CityDev 10.50 -0.040 ComfortDelGro 2.580 -0.040 DBS Grp 18.03 +0.010 Genting Sing 1.330 -0.005 Global Logistic 2.790 +0.030 Golden Agri-Res 0.545 HPH Trust USD 0.745 HongkongLand USD 6.720 JMH 400 USD 59.90
      118 words
    • Article, Illustration
      Lock icon South Korean won leads Asian gains
      525 6 CURRENCIES Reuters [SINGAPORE] Most emerging Asian currencies advanced yesterday as regional stocks touched fresh three-year highs, while caution grew before a slew of US economic data and the Federal Reserve’s policy meeting this week. The South Korean won led gains as continuous foreign buying
      Reuters; PHOTO: BLOOMBERG  -  525 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Adventus 76,066,000 Albedo 70,856,000 W Corp 64,115,000 IHC 44,681,000 Spackman 41,566,000 Xpress 33,625,000 Artivision Tech 24,336,000 TopGlobal W*****9 22,917,000 Jaya 22,831,000 Tritech 22,420,000 VALUE($) DBS Grp 113,799,725 UOB 72,588,332 Keppel Corp 52,725,634 Global Logistic 51,442,370 SingTel 44,397,790 OCBC Bank 27,813,320 CapitaLand 23,528,741 JMH 400 USD 22,239,072
      56 words
    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP GLD 10US$ ***** 187.5 1.2 DBXT MSKorea 10US$ 6646 139.1 1.7 DBXT iBoxxSvEu 5US$ ***** 125.4 0.4 DBXT FTChina25 10US$ 3256 83.2 2.1 JMH 400 USD 5990 69.5 0.9 Lyxor AsiaCS 10US$ 6231 62.1 0.8 DBXT iBoxxUSTr 5US$ ***** 53.4 0.2 Jardine C&C 4670 43.0
      118 words
    • Article
      Lock icon FALLS
      132 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -137.8 -0.8 SPDR DJIA 10US$ ***** -126.6 -0.6 SPDRS S&P 500 10US$ ***** -94.4 -0.4 DBXT E50 10US$ 5336 -91.9 -1.4 DBXT MSEurope 10US$ 6208 -75.7 -1.0 DBXT FTVietnam 10US$ 2784 -65.8 -1.9 DBXT AUD Bonds 5AU$ ***** -37.3 -0.2 DBXT
      132 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      247 7 This notice is for the purpose of correcting the apology published on 7 July 2014, which had inadvertently stated that Image Maker IT Supplies Pte. Ltd. and Lim Kwee Huay sold batteries falsely applied with the "Brother" trade mark. The apology should instead have read as follows:APOLOGY We, IMAGE MAKER
      247 words
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      Lock icon Page 7 Advertisements Column 2
      135 7 No more manual and unconnected solution! Sage is the leading provider of business software solution for small and medium sized companies. We aim to provide business software solutions that are easy to use and to manage, to help you focus on what’s important, to manage and achieve your business goals.
      135 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Completed condos remain on price slide
      494 9  -  Further downside expected as supply increases, leasing demand weakens B)’ LYNETTE KH00 |ynl<hoo@sph.com.sg @LynetteKhooBT PRICES of completed private condos resumed their fall in June as distractions from the school vacation and World Cup fever dampened buying interests. A looming supply of completed homes and
      494 words
    • Article
      Lock icon MAS plans new laws to make rate-fixing a crime
      392 9  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT THE Monetary Authority of Singapore yesterday proposed new laws to make it a crime to manipulate financial benchmarks, following the global rate-fixing scandals of the past few years. MAS has released a consultation paper on
      392 words
    • Article
      Lock icon 4 new gantries on AYE to start ERP charging
      240 9 MOTORISTS using the Ayer Rajah Expressway (AYE) will incur higher costs from Aug 4, as four new electronic road pricing (ERP) gantries start charging. The Land Transport Authority (LTA) yesterday said that traffic speeds along two stretches of the AYE between
      240 words
    • Article
      Lock icon Easy Taxi raises another US$40m
      481 9  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT EASY Taxi, a mobile taxi-booking application introduced here last December, has raised US$40 million in Series D funding for growth in Asia and Latin America. Series D, in venture capital (VC) terms, refers to the fourth stage in the financing
      481 words
    • Article, Illustration
      Lock icon JTC launches 2 more Tuas sites for sale
      606 9  -  PROPERTY By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT JTC yesterday launched for sale two far-flung sites at Tuas Bay Close and Tuas South Street 7 (Plot 44) under its H2 2014 Industrial Government Land Sales (IGLS) programme. JTC said their different land tenures and
      606 words
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      1062 9 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 662 of 2014 IN THE MATTER OF SECTION 210 OF THE COMPANIES ACT, CHAPTER 50 And IN THE MATTER OF GOODPACK LIMITED (Company Registration No. *****0547W) …Applicant SCHEME OF ARRANGEMENT under Section 210 of the Companies Act, Chapter
      1,062 words
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  • CHINA/INDIA
    • Article
      Lock icon Goldman warehouse unit mulls China foray: sources
      359 10 Reuters [NEW YORK] Goldman Sachs Group Inc’s metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share.
      Reuters  -  359 words
    • Article, Illustration
      Lock icon HK, China trade data still don’t match up
      817 10 Different methods of recording trade, pricing shipping costs among likely reasons Bloomberg [BEIJING] China’s trade numbers still don’t add up. A discrepancy between Hong Kong and Chinese figures for bilateral trade remains even after a crackdown last year on Chinese companies’ use
      Bloomberg; PHOTO: AFP  -  817 words
    • Article, Illustration
      Lock icon Beijing investigating ex-security chief Zhou for corruption
      389 10 He’s most senior CPC member to be probed since Gang of Four Reuters AFP [BEIJING] China has begun an investigation into former domestic security chief Zhou Yongkang, one of the most powerful politicians of the last decade, on suspicion of corruption, state media
      Reuters; AFP; PHOTO: REUTERS  -  389 words
    • Article, Illustration
      Lock icon SBI mulls share sales to meet capital rules
      393 10 Bloom berg [MUMBAI] State Bank of India, the country’s largest lender, is considering share sales in its insurance and asset-management units to meet tighter capital requirements. “We are in talks with our joint-venture partners regarding the listing of the insurance units,” chairman
      Bloomberg; PHOTO: REUTERS  -  393 words
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      86 10 JAPAN'S BEST-LOVED SICHUAN RESTAURANT 35 LEVELS ABOVE ORCHARD ROAD > > v I k > BUSINESS SET LUNCH WITH A VIEW Head over to Shisen Hanten and savour Sichuan specialities by Celebrity Chef Chen Kentaro. On weekdays, enjoy a 5-course Business Set Lunch featuring signature favourites such as Chen's Mapo
      86 words
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      885 11 V.v HAPPY 49TH BIRTHDAY SINGAPORE! 3 II ASIA a PAC n ic BRANDS V’NUb V 'j TRADE INDUSTRY ASSOCIATION (SINGAPORE) TRADE INDUSTRY SUMMIT ASIA PACIFIC BRANDS AWARD 2014 Held successfully on 28 February 2014 at National University of Singapore GUEST OF HONOR Mr. Zainudin Nordin Member of Parliament for Bishan-Toa
      885 words
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  • WORLD
    • Article, Illustration
      Lock icon Argentina default may set off US$29b in potential claims
      714 12 Amount is equal to nation’s entire foreign currency reserves Bloomb erg [NEW YORK] By defaulting today, Argentina may trigger bondholder claims of as much as US$29 billion equal to all its foreign-cur-rency reserves. If the overdue interest on Argentina’s dollar-de-nominated securities
      Bloomberg; PHOTO: REUTERS  -  714 words
    • Article
      Lock icon Paid leave to help keep US women working: report
      465 12 NYT [NEW YORK] A mysterious fact that economists are wrestling with is that the percentage of women in the US who are working or want to work has been declining, after a dec-ades-long climb. The drop is small (and less dramatic
      NYT  -  465 words
    • Article
      Lock icon Russia may ban imports of US chicken, EU fruit
      612 12 It’s also looking into McDonald’s cheese for safety reasons Bloomberg [WASHINGTON] Facing tougher sanctions over Ukraine, Russia said on Monday it may ban imports of chicken from the United States and fruit from Europe and is investigating McDonald’s Corp cheese for
      Bloomberg  -  612 words
    • Article
      Lock icon US directives on Russia sanctions not clear enough: Wall St firms
      589 12 Reuters [ST LOUIS] Major US banks and securities firms are struggling to comply with new US sanctions on key parts of the Russian energy and financial industries, with some on Wall Street complaining that the directives are too vaguely
      Reuters  -  589 words
    • Article
      Lock icon US tech firms bear brunt of NSA’s spying
      725 13 NSA’s spying could damage US$150b industry for cloud computing services Bloomberg [WASHINGTON] US technology companies are in danger of losing more business to foreign competitors if the National Security Agency’s (NSA) power to spy on customers isn’t curbed, the New America Foundation
      Bloomberg  -  725 words
    • Article, Illustration
      Lock icon Japan’s job availability hits 22-year high in June, reflecting hiring confidence
      665 13 Reuters [TOKYO] Job availability in Japan hit its highest in 22 years in June as companies grew more confident about hiring, and household spending rebounded modestly reinforcing expectations that economic recovery will resume in the third quarter without the
      Reuters; PHOTO: BLOOMBERG  -  665 words
    • Article
      Lock icon Korea seen selling record debt to fund stimulus plan
      579 13 Analysts expect ‘14 govt bond sales to be surpassed in ‘15 Bloomberg [SEOUL] South Korea is forecast to sell an unprecedented amount of debt to fund stimulus as policy makers liken the economy’s current situation to that faced by neighbouring Japan
      Bloomberg  -  579 words
    • Article, Illustration
      Lock icon Investors, fund managers ’face risk from global crises’
      663 14 Geopolitical risk underestimated and volatility suppressed amid liquidity: report Bloomberg [NEW YORK] Since the start of the year, conflicts in Syria, Gaza and Iraq have escalated, China has become more assertive in pursuing territorial claims against Japan, Thailand reverted to military rule,
      Bloomberg; PHOTO: REUTERS  -  663 words
    • Article, Illustration
      Lock icon Investment banks get US$1b in fees helping US firms avoid tax
      613 14 Inversion deals move the firms’ corporate citizenship abroad NYT [NEW YORK] Jamie Dimon, the chief executive of JPMorgan Chase, recently said: “I love America.” Lloyd Blankfein, the chief executive of Goldman Sachs, wrote an opinion article saying, “Investing in
      NYT  -  613 words
    • Article, Illustration
      Lock icon Litigation casts shadows on banks’ profits
      640 15 UBS, Deutsche Bank report hikes in Q2 profits and reserves for legal action costs Bloomberg [ZURICH] UBS and Deutsche Bank’s better-than-es-timated second quarter earnings were overshadowed by the disclosure of new regulatory probes as the banks struggle to boost revenue. While Deutsche Bank and
      Bloomberg; PHOTO: REUTERS  -  640 words
    • Article, Illustration
      Lock icon BlackBerry buys Secusmart, boosts security credentials
      425 15 Latter’s tech protects devices of Canadian, German govt officials Reuters [NEW YORK] BlackBerry is buying a privately held German firm that specialises in voice and data encryption, it said yesterday, in a bid to burnish its credentials with highly security-conscious clients such as government
      Reuters; PHOTO: AFP  -  425 words
    • BRIEFING
      • Article
        Lock icon Nomura profit falls for 2nd straight quarter
        129 15 Reuters [TOKYO] Nomura Holdings reported a second straight quarter of profit decline as investors turned cautious on Japan’s economic recovery prospects and held back on stock trading, knocking brokerage commissions far below last year’s. Lower commission combined with higher retirement-related costs to bring
        Reuters  -  129 words
      • Article
        Lock icon Wynn Resorts Q2 profit tops estimates
        125 15 Bloomberg [LOS ANGELES] Wynn Resorts, the casino company founded by Steve Wynn, posted second-quarter profit that beat analysts’ projections as increased gambling in Las Vegas helped overcome tepid growth in the Chinese enclave of Macau. Earnings excluding some items increased to US$2.11 a share,
        Bloomberg  -  125 words
      • Article
        Lock icon BP profit up but firm wary of Russia sanctions
        125 15 Reuters [LONDON] Oil and gas producer BP reported a sharp rise in second quarter profits yesterday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft. For the second
        Reuters  -  125 words
    • Article
      Lock icon Dutch court orders Fortis to pay for misleading shareholders
      252 15 Reuters [BRUSSELS] Financial group Fortis, carved up in 2008 and superseded by Belgian insurer Ageas, has misled shareholders in the run-up to its bailout and should pay them compensation, a Dutch court said yesterday. Fortis, once one of Europe’s largest banks,
      Reuters  -  252 words
    • Article
      Lock icon UK cuts EU migrants’ access to welfare payments
      221 15 Reuters [LONDON] British Prime Minister David Cameron yesterday set out new welfare rules to cut access to social security payments for migrants from the European Union, the latest in a string of British measures aimed at addressing voter concern over immigration. Writing
      Reuters  -  221 words
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      47 12 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg 1—F r 77Tt -vsc To Exhibit: Tel:+65 6319 4021 Email; fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg f te^mo&rsmm^iss Organised by: Co-located with: sphere |i||FACILITIES MANAGEMENT CONFERENCE 2014 A SUBSIDIARY OF S|fl
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      1 12 fb.com/Ladies.Expo
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      908 13 The Business Times NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of TS DIGITAL LASER PTE. LTD. (IN LIQUIDATION) (Co. Reg. No. *****6166D) COMPANIES WINDING UP NO. 45 OF 2014 NOTICE OF MEETING OF CREDITORS Take notice that a meeting of creditors in the
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      80 14 ar the straits TIMES, m Wherever you are Taste r 5 V Wong Ah Yoke Food Critic M P cS t»v N 4>t>. E> ft Pr t> ujr’ > i> VV lAl s V h Ah Yoke is the go-to guy for his spot-on restaurant reviews. Look out for them
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      84 15 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 EVENT HIGHLIGHTS Interact Access to Local International Exhibitors Panel Discussion on Market Outlook moderated by Keith De Souza (LIVE938 DJ) The A-Z Talkshow with Claressa Monteiro (Kiss92 DJ) Keynote Presentations by Popular Investment Speakers Over
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      170 15 10aM 7pm 2nd-3rdAug 2014 SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE LEVEL 4, EXHiBITION HALL 401 402 How I See The Market Today and What I am Doing About It Special Promo Price for 1st20 registrants $388only (Usual Price: $688) Jim Rogers Investment Expert and Author WHAT YOU’LL LEARN Where Jim Rogers
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  • EDITORIAL & OPINION
    • Article
      Lock icon ‘Womenomics’ needs change of mindset
      472 16 EDITORIAL A RECENT commentary about Shinzo Abe’s “womenomics” doctrine suggested that the Japanese prime minister practises what he preaches by appointing women to key positions in his Cabinet, which he is expected to reshuffle quite soon. A “sexy” idea perhaps, not because it has to
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      Lock icon Transatlantic growth gap: Austerity not among reasons
      838 16  -  THE BOTTOM LINE DANIEL GROS The writer is director of the Center for European Policy Studies Project Syn dicate THE global financial crisis that erupted in full force in 2008 affected Europe and the United States in a very similar way at least
      Project Syndicate  -  838 words
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      Lock icon Downed MH17: A new chapter in cavalier warfare
      1211 16  -  The story about passenger jets being mistaken for hostile entities is an old one By VIJAY VERGHESE The writer is editor and publisher of Smart Travel Asia (http://www.SmartTravelAsia.com) USING civilian airliners for target practice and then claiming an “error of judgement” is
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      Lock icon What Obama’s ‘economic patriotism’ really means
      1143 17  -  A more sensible tax system might prevent US companies moving their residences abroad LEON HADAR Washington Correspondent IN a recent weekly radio address and later during a speech in Los Angeles, President Barack Obama charged that American companies that avoid paying United States taxes
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      Lock icon Asia’s elevated risks
      945 17  -  By IWAN J AZIS The writer is head of the Office of Regional Economic Integration, Asian Development Bank (ADB). The views expressed here do not necessarily reflect the ADB’s BANK of Japan governor Haruhiko Kuroda was right on target when he raised concerns recently over the unhealthy
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    • Article
      Lock icon Don’t overlook importance of Ex-Im Bank
      649 17  -  By WILLIAM E BROCK III The writer is a former US Trade Representative (1981-1985) and former US Secretary of Labour (1985-1987) NYT AMONG the many things that President Ronald Reagan did to promote economic growth was to ensure a level playing field for American
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  • Transport HUB
    • Article
      Lock icon Sulphur emission enigma
      972 18  -  Shipping industry anxious about how uniform enforcement would be in North America and northern Europe STRAIT TALK By DAVID HUGHES IN five months’ time, we will be just a day away from the implementation of the 0.1 per cent sulphur limit for ship emissions within the Emission
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    • Article
      Lock icon US port talks set to resume on Aug 4
      562 18 Parties negotiating over work rules, pay and healthcare Bloomberg [SACRAMENTO] Labour negotiations at 29 ports along the US West Coast will resume next week to head off a strike or lockout that could cost the US economy more than US$2 billion
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    • Article
      Lock icon TRANSPORT STOCKS
      242 18 SGX '000 Jul 29 S$ +/-Vol Ch Offshore 0.46 0.01 305 Chuan Hup Hldg 0.29 -0.01 667 Jul 29 Cwt Limited 1.71 0.02 123 Ezra Hldgs 1.19 unch 2249 First Ship Lea 0.09 unch 275 Grand Banks 0.28 0.01 60 Jaya Hold Ltd K1Ventures................0.21 0.01 920 Keppel Corp
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    • Article
      Lock icon Iraq seeks court order to seize oil worth US$100m in Texas
      495 18 It claims the oil was illegally pumped from Kurdistan wells Bloomberg [HOUSTON] The Iraqi Oil Ministry is seeking a court order to seize more than US$100 million of oil waiting to offload in Galveston, Texas, that it claims was
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    • Article
      Lock icon Poland may pay more for LNG terminal
      386 18 Reuters [WARSAW] The consortium building Poland’s first liquefied natural gas (LNG) terminal is in talks to increase the amount it is being paid, but there is no risk to the completion of the project, one of the contractors told Reuters. The import terminal
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    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Risks linked to corporate travel on the rise
        849 19 Firms going global leads to greatest concentration of threats ever seen NYT [LOS ANGELES] Boom times are back in corporate travel, but so, too, is the anxiety. For corporate travel managers gathering here at the annual convention of the Global Business Travel
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      • Article
        Lock icon Carriers to seek ‘neutral’ info on airspace use
        562 19 Reuters [MONTREAL] Global airlines were to push to get “neutral information” on whether to use or avoid airspace over conflict zones at yesterday’s meeting of the UN aviation agency and other airline bodies, a European-based airline industry source said. The UN agency,
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        Lock icon Canned bookings, poor sales pummel MAS
        818 19 Airline tempts with lower fares to lure passengers Bloomb erg [SINGAPORE] Malaysia Airline System is facing an influx of passenger cancellations after the carrier’s second disaster this year, adding to the strains of a company that’s bracing for a fourth consecutive annual loss. Travel
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      • Article
        Lock icon Qantas continuing flights over Iraq
        316 19 AFP [SYDNEY] Australian airline Qantas said yesterday that it would continue flying over Iraqi airspace, despite alliance partner Emirates deciding to alter its routes over concerns about jihadist missile attacks following the MH17 crash. Qantas said that while it no longer flew over Syria or
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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon GM launching new pick-up models earlier
        736 20 Firm hopes they will narrow rival Ford’s lead in fuel-economy standards Reuters [DETROIT] General Motors Co has brought forward the launch of its next-genera-tion full-size pickups by about nine months to fall 2018, hoping to narrow rival Ford Motor Co’s still-siz-able lead in meeting
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      • Article, Illustration
        Lock icon Pick-up in truck sales seen as a good sign for US economy
        1258 20 Ford finds that housing starts are strongly connected to pick-up sales WP [WATERLOO, United States] He’d been eyeing the truck for weeks, ever since he dropped by the dealership for a free car wash and drove right past
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      • Article
        Lock icon Audi cutting prices of spare parts in China
        396 20 Reuters [SHANGHAI] Volkswagen AG’s premium brand Audi said that it would cut spare-part prices in China as global carmakers rush to change their pricing strategies after Chinese anti-mo-nopoly regulators began probing the car industry. The National Development and Reform Commission (NDRC), China’s
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      173 18 ST Se Sh I 3 i. ss* Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 I 8.30am 5.00pm SEMINAR TOPICS SPEAKERS a Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong Senior Director (Research Consultancy), Savills Penang Second Bridge Mainland Development:
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  • Page 19 Miscellaneous
    • Miscellaneous
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      328 19 CRYPTIC CROSSWORD Across 1 Worry about a fine decanter (6) 4 Bits of kebabs in their drink? (8) 10 Setter of the highest quality? (9) 11 Secretly hide constant pain (5) 12 Flog cat and get dog (7) 13 Change say in broad part of route (7) 14 Proportion having
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      26 20 OUT NOW IN BOOKSTORES* KINOKUNIYA TIMES MPH POPULAR ON APP STORE http://goo.gl/84yPpx ON GOOGLE PLAY http://goo.gl/qXrZMV THE PEAKSELECTIONS GOURMET TRAVEL DIGITAL IS AVAILABLE ON MOBILE DEVICES
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  • Article
    Lock icon SHIPPING TIMES
    2103 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 THE
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      54 21 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
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      96 22 Shipping lines seeking reliable Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 HighlightYpur Company Anniversary Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Projection Completion and Vessel Conversion Refurbishment.
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4410 23 Transaction date: Jul 29 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 13.7 6.7 AIMS Property 13 unch 150 13 13
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      Lock icon SGX CATALIST
      465 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 32.5 23 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High 43.5 33.5 t Alliance Mineral...............................33.5 -3 ***** 36
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10440 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alphc Aberdeen Asset Mgt Asia Limited 1.59/ APS Alpha Fund (USD)!* 1.28/ Aberdeen Asset Mat Asia Limited China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** Indonesia Equity USD!** China
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      Lock icon GLOBALQUOTE
      249 24 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 43 AVJennings A56 +1 1 56 56 55 58.5 3.6 6.3 4.5 207.3 Company 343 224 TanChongInt HK323 +2 45 325 322 321 324 9.7 3.3
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    • Article
      Lock icon SGX ETF
      1134 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 116 43 116 116 115.5 116 529.5 135.5 119 CIMB APAC Div 100S$D 134.2 -0.2 134.2 134.2 132.9 135.5 108.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 25 Jul 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.79 *****.70 *****.02 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec14 *****.00 *****.00 *****.00 *****.00 2 ***** MSCI TAIWAN INDEX FUTURES SPOT 341.41 342.26 337.30 Jul14 339.90 342.70 338.40 339.20 *****8 ***** Aug14 337.70
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 28 Index Change Change Change Change Change Change World Preliminary 1243.4 -0.1 5.0 0.0 3.4 -0.1 5.1 EAFE Preliminary 973.4 -0.1 1.8 0.1 0.6 0.0 2.3 Europe Preliminary 1387.5 -0.2 2.4
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Jul 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.016 5.809 0.700 7.284 56.501 108.805 0.957 9.633 2.983 1.104 92.880 40.797 1.167 9.967 0.850 28.166 29.904 0.553 0.940 Canada 0.985 5.719
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    • Article
      Lock icon SIBOR
      39 25 Jul 29 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      84 25 Jul 29 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-16 101.18 101.19 101.19 5-Year NX*****W 2.5 01-Jun-19 106.11 106.40 106.20 10-Year NY*****H 2.750 01-Sep-23
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      Lock icon PRECIOUS METALS
      122 25 Jul 29 GOLD(US$/oz) Jul 29 Jul 28 Hong Kong 1313.00 1307.00 Jul 28 Jul 25 London 1303.85 1298.66 1304.58 1299.43 Source: Thomson Reuters CAST BAR Jul 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 50 5gm 313 258 10gm 583 519
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    • Article
      Lock icon PALM OIL
      57 25 Jul 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2360.0 2335.0 2361.0 2333.0 750 4075 Sep 14 2312.0 2292.0 2321.0 2290.0 3911 ***** Oct 14 2282.0 2265.0 2294.0 2262.0 ***** ***** Nov 14 2287.0 2264.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jul 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1666 1.1672 0.9396 0.9400 Canadian dollar 1.1485 1.1492 0.9255 0.9250 Euro 1.6680 1.6682 1.3434 1.3435 NZ dollar 1.0565 1.0573 0.8509 0.8515 Sterling pound 2.1082 2.1085 1.6980 1.6981
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    • Article
      Lock icon CHICAGO BOT
      109 25 Jul 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1236.50 1212.25 1239.75 1217.00 Sep 14 1137.00 1113.75 1138.75 1120.00 Nov 14 1107.75 1083.50 1110.00 1090.25 Jan 15 1114.25 1090.25 1116.00 1097.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 25 Jul 28 COCOA (£/tonne) Close Prev High Low Sep 14 1962 1983 1988 1961 Dec 14 1938 1950 1955 1937 Mar 15 1918 1928 1933 1917 May 15 1905 1911 1915 1904 COFFEE(US$/tonne) Close Prev High Low Jul 14 2036 2024 2035 2033 Sep 14 2028 2016 2040 2014
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      993 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -57 3.87 48 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas REIT MB eCW*****3 2.4 0.2 100 0.2 230 4 Asiatic Grp(Hldgs) Ltd
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Jul 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.13 -0.51 WTI (Near Mth) 101.70 -0.23 Dubai (1-Mth F) 105.39 0.30 Tapis blend 109.43 0.29 Minas 105.23 0.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.56 unch Jet Kerosene 118.70 unch US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jul 29 S$ Bid Offer 1-month 1.2416 1.2417 2-months 1.2416 1.2417 3-months 1.2415 1.2417 6-months 1.2414 1.2415 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 25 Jul-28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1999.75 1980.00 3 months 2015.00 1997.00 Copper, Grade A(US$/tonne) Cash 7132.75 7137.00 3 months 7120.00 7125.00 Lead(US$/tonne) Cash 2286.25 2252.25 3 months 2301.00 2267.00 Nickel (US$/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 25 As at 9am Jul 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.171 1.126 Euro 1.708 1.627 Sterling pound 2.149 2.067 NZ dollar 1.087 1.046 US dollar 1.267 1.207 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 25 Jul 29 $S Offer Bid 0vernight 0.05 0.03 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.03 US$ 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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      80 26 Fly to the Middle East in style and comfort Emirates now flies to 17 destinations across the Middle East. Fly in comfort with awardwinning service, gourmet cuisine and up to 1,800 channels of inflight entertainment. Amman Damascus Medina Baghdad Dammam Muscat Bahrain Doha Riyadh Basra Erbil Sana’a Beirut Jeddah Tehran
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      35 27 BANKOFSINGAPORE Asia's global private bank Bank of Singapore. 'Best Private Bank' for three consecutive years. Awarded by Asian Private Banker. O r Vi V SI r T 2011 2012 2013 A subsidiary of 0OCBC Bank
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  • executive Money
    • Article, Illustration
      Lock icon China stock futures sending bearish signal
      895 28 CSI 300 Index may sink some 8% over next 2 months, going by ratio of cash-futures volume Bloomberg [SHANGHAI] TRADERS in Chinese stock-index futures are sending a bearish signal after benchmark gauges surged to the highest levels in seven months. The number of transactions
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    • Article
      Lock icon Heads or tails? Either way, you might beat a stock picker
      1196 26 This is borne out by a recent S&P Dow Jones Indices study NYT [NEW YORK] Imagine a world where investors in the stock market have no skill whatsoever. The investors themselves don’t understand this, however, and many truly believe
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    • Article
      Lock icon St James’ Place posts record funds
      370 26 Management FuM up 19% to £47.6 b in first half of year Reuters [LONDON] UK wealth manager St James’ Place has bucked a patchy investment environment to post record funds under management (FuM) in the first half of the year, boosted by new client
      Reuters  -  370 words
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      Lock icon Equities should surpass bonds in H2
      717 26  -  Corporations starting to put large cash holdings to work with M&A activity at near record pace MONEY MATTERS HAREN SHAH The writer is chief investment strategist, Investment Strategy Group, Wealth Management at Citi Asia Pacific SOME call it listless, boring, or just generally trendless,
      Source: Citi Research (as of June 2014)  -  717 words
    • Article
      Lock icon Deutsche Bank hires Allianz’s Dilworth to head asset unit
      241 26 Bloomberg [MUNICH] Deutsche Bank AG hired James Dilworth, chief executive officer of Allianz Global Investors Europe, to oversee almost half a trillion euros in actively managed investments. Mr Dilworth, 57, will join the executive committee of Deutsche Asset Wealth Management as
      Bloomberg  -  241 words
    • WEALTH MATTERS
      • Article, Illustration
        Lock icon Interest in funds returning
        1244 27  -  Bank of Singapore’s Chandrima Das tells GENEVIEVE CUA why fund investments among the wealthy are rising and how they are assessed GENEVIEVE CU A INVESTORS have tapped funds as investment vehicles for decades, but their penetration among high net worth individuals may be lower than you
        ARTHUR LEE  -  1,244 words
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      130 28 "MY DOLLAR WORKS HARDERTRADING SHARE CFDs WITH IG" !2 .9987 i A IS o o <t>yU5° r X TRADE MORE WITH 0.1% COMMISSION AND MARGINS FROM 10% Use Contracts for Difference (CFDs) to trade on thousands of shares, whether they're rising or falling. Leverage your trades with our low margin
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