The Business Times, 4 August 2014
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2014-08-04
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The Business Times
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Title Section25 2014-08-04 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, August 4, 2014G25 words
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959 2014-08-04 1 LYNETTE KHOO - It plans more fund products as it further diversifies from the saturated China market By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] ARA Asset Management, the manager of listed property trusts and private equity funds, is looking to deploy some of its dry powder in959 words
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MARKETS DIGEST
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Article56 2014-08-04 1 Weekly Change ST INDEX 3,344.42 -5.75 KL COMP 1,863.34 -14.00 NIKKEI 225 15,523.11 +65.24 HANG SENG 24,532.43 +316.42 SET INDEX 1,500.20 -43.65 JAKARTA COMP 5,088.80 MANILA COMP 6,894.23 +4.68 SEOUL COMP 2,073.10 +39.25 SHENZHEN B 925.24 +13.34 MUMBAI IND 25,480.84 -645.91 DOW 16,493.37 -467.20 NASDAQ 4,352.64 -96.92 S&P 50056 words
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Article22 2014-08-04 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.214 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg22 words
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Article49 2014-08-04 1 US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.687 2.108 EURO (US$/S$/E) 1.338 1.672 Foreign currency per US$ S$ YEN 103.00 82.40 RM 3.211 2.570 HK$ 7.750 6.204 BAHT 32.24 25.81 RUPIAH 11,825 9,466 RENMINBI 6.180 4.947 INDIAN RUPEE 60.84 48.70 A$ 1.077 0.862 NZ$ 1.178 0.94349 words
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Article, Illustration513 2014-08-04 1 CAI HAOXIANG - Rising competition and higher capacity blamed for rate pressure By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] Growing competition and insurers’ higher capacity for underwriting property and casualty insurance mean that Asian rates continue to ease, despite the region being prone to natural disasters. ThisPHOTO: BLOOMBERG - 513 words
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Page 1 Advertisements
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Advertisement242 2014-08-04 1 BOARDROOM MATTERS The data-driven boardroom PAGE 4 DINING OUT Vigorous push to mod-Sin cuisine PAGE 22 TOPLINE International curriculum with Singapore flavour on Malaysian soil PAGE 4 COGENT HOLDINGS How new operator of Turf City got into property PAGE 3 VIEWS FROM THE TOP Should property curbs be relaxed soon?242 words
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TOP STORIES
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Article, Illustration1005 2014-08-04 2 LYNETTE KHOO - Most properties ADF I bought into have done well, except residential ones B)’ LYNETTE KHOO |yhl<hoo@sph.com.sg @LynetteKhooBT [SINGAPORE] The interplay of skill and luck often plays out in private equity investing and this could well be seen in some of theFILE PHOTOS - 1,005 words
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Article, Illustration887 2014-08-04 2 International crises overshadow positive US economic data Bloomberg [NEW YORK] The Standard Poor’s 500 Index fell for a second day last Friday, giving it the biggest weekly drop in two years, as concern over Argentina and Portugal overshadowed data that signalled theBloomberg; PHOTO: REUTERS - 887 words
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Article470 2014-08-04 2 ARA eyes investments in Australia and Korea ARA Asset Management is looking to deploy some of its dry powder in development projects in Australia and raise its firepower in South Korea by creating more fund products. FRONT PAGE Buyer’s market in Asia for property insurance GROWING competition and470 words
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Article, Illustration902 2014-08-04 3 LEE MEIXIAN - Its successful bid for used car site came with extras two Grandstand buildings By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Cogent Holdings’ deputy CEO Benson Tan would tell you the logistics management company stumbled into property management purely by accident with no experience.PHOTO: ARTHUR LEE - 902 words
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459 2014-08-04 3 CAI YONG - World’s debts are up to the ceiling now, seminar told By CAI YONG caiyong@sph.com.sg [SINGAPORE] Investment guru Jim Rogers says the next global financial crisis may not be around the corner but, when it comes, it will be worse than ever. The signs of459 words
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Page 2 Advertisements
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Advertisement98 2014-08-04 2 ASTANA ALMATY Seoul Beijing s A Bangkok Kuala Lumpur* Hong Kong Ho Chi Minh Beijing Almaty ■4'- 5 times a week Beijing Astana 2 times a week Kuala Lumpur Almaty 3 times a week Seoul Almaty 3 times a week Bangkok Almaty jj 7 times a week Hong Kong Almaty98 words
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Page 3 Advertisements
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Advertisement73 2014-08-04 3 V; v> V 7g wk v M w^W sv> Hampton. Engl m 0 i r A. E jm 9 A ,W 'S-. v, yi •■•/.•■;>■*'■ y- t>„ Afe';•'■■ r. -'-v. >'-"issa ss*a* 2 -«sr*r.'7T A AtV V*- i: I'l' 1 J V -N r ,^-i NEW OPENING «s». r 273 words
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COMPANY NEWS
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Article, Illustration726 2014-08-04 4 MINDY TAN - Excelsior International School, managed by Raffles Campus, also has no restrictions on number of local students enrolled for international curriculum. By MINDY TAN TOPLINE By MINDY TAN tanmindy@sph.com.sg @MindyTanBT UNLIKE other international schools in Malaysia, Excelsior International School, which is managed726 words
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Article284 2014-08-04 4 Aug 1 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited ...5.50 Bank of Communications 5.50 ...6.00 ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a Barclays Bank PLC Bank of Taiwan ...6.00 Chang Hwa284 words
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Article183 2014-08-04 4 COMPANY MEETING PLACE DATE TIME Halcyon Agri Corp E RELC International Hotel 30 Orange Grove Road (Off Orchard Road) 04-Aug 10.00am Joyas International S 1 Robinson Road #18-00 AIA Tower 04-Aug 2.00pm CCM Group E Pan Pacific Singapore Ocean 3 (Level 2) 7 Raffles Boulevard Marina Square 05-Aug183 words
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Article, Illustration791 2014-08-04 4 CHALY MAH - Board members must start practising business analytics in their deliberations By CHALY MAH Chaly Mah is a member of the Governing Council of the Singapore Institute of Directors IT’S a standard scene in Singapore boardrooms: Seven or eight directors sitting around the table, ploughing through the latest791 words
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Article1749 2014-08-04 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd DIRECTOR activity was flat during the holi-day-shortened week of July 29 to Aug 1 with five companies recording 11 purchases worth S$2.6 million versus three firms with eight disposals worth S$5.8 million.1,749 words
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Article, Illustration320 2014-08-04 7 Japanese firm sees stronger overseas rise for the metal than home market Bloomberg [RIO DE JANEIRO] Nippon Steel Sumitomo Metal Corp, the world’s sec-ond-biggest steelmaker, is seeking to add assets in markets outside Japan to tap growth in metal demand that’s strongerBloomberg; PHOTO: BLOOMBERG - 320 words
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220 2014-08-04 7 LEE MEIXIAN - By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT SIIC Environment yesterday reported a 19.9 per cent increase in net profit to 66 million yuan (S$13.3 million) for its second quarter ended June 30, on the back of a 34.8 per cent increase in revenue to 381.8 million220 words
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Advertisement89 2014-08-04 5 "CAN'T WE USE MAGIC TO GET THERE FASTER?" At Hitachi, we're inspired by challenging questions. That's why we've taken a different approach to help cities face the growing pressure on their transportation networks. We're committed to finding integrated solutions that provide reliable and efficient transportation systems. Using our innovative information89 words
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SINGAPORE MARKETS
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Article, Illustration626 2014-08-04 6 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent IN THE months ahead, one thing will become clear. As the liquidity-based safety net which central banks provided markets in the past six years is gradually withdrawn, brokers and analysts everywhere will have their work cut626 words
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698 2014-08-04 6 CURRENCIES Bloomberg [NEW YORK] The US dollar last week rose the most in six months against a basket of peers after economic reports showed US growth rebounded, boosting bets that the Federal Reserve is on pace to raise interestBloomberg - 698 words
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706 2014-08-04 6 COMMODITIES AFP [LONDON] Commodities mostly sank last week, with many hit by sliding equities, demand concerns, ample supplies, geopolitical worries in the Middle East and Ukraine, and Argentina’s default, dealers said. Star performers coffee and cocoa, however, forged significant peaks on frenzied speculativeAFP - 706 words
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Article1597 2014-08-04 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 Indl REIT 2.00 2.00 3 10.20 14.52 1.53 1.48 Amtek Engineering Ltd 3.00 3.00 2 0.05 10.11 0.56 0.62 ARA Asset Management Ltd 2.401,597 words
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Article75 2014-08-04 6 Aug 1 VALUE CLOSE BT OB/OS -380.00-199.00 BT CADI -*****.00-198.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 776.63 -5.09 FTSE ST Small Cap 558.29 -3.31 FTSE ST All Share 812.65 -6.74 FTSE ST China Top 199.46 -1.35 FTSE ST China 229.94 -0.61 FTSE ST Catalist75 words
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Article56 2014-08-04 6 VOLUME IHC 265,977,000 Jaya 258,526,000 Artivision Tech 251,239,000 APAC Strategic 248,573,000 Xpress 235,707,000 Terratech 154,121,000 Adventus 153,697,000 Golden Agri-Res 127,635,000 Polaris 99,454,000 Weiye 98,994,000 VALUE($) DBS Grp 427,954,190 UOB 377,458,328 SingTel 263,815,595 OCBC Bank 252,423,803 CapitaLand 233,865,200 Keppel Corp 180,036,954 Global Logistic 169,624,295 HongkongLand USD 99,570,285 SGX56 words
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Article116 2014-08-04 6 BY CENTS CLOSE UP DBXT S&P Short 10US$ 2424 82.4 2.8 DBXT FTChina25 10US$ 3251 77.4 1.9 DBXT CSI300 10US$ 689 32.5 3.9 Lyxor AsiaCS 10US$ 6207 32.5 0.4 DBS Grp 1831 29.0 1.6 HongkongLand USD 693 26.2 3.1 DBS Bk 4.7% NCPS 100 ***** 22.0 0.2 OCBC Bank116 words
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Article135 2014-08-04 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -759.2 -4.4 SPDR DJIA 10US$ ***** -691.8 -3.3 SPDRS S&P 500 10US$ ***** -649.3 -2.6 IS S&P500 ***** -509.5 -2.1 DBXT Nifty 10US$ ***** -442.0 -2.7 DBXT AUDCS 5US$ ***** -323.4 -1.3 DBXT iBoxxKR 5US$ ***** -269.7 -1.4 DBXT E50 10US$135 words
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Page 7 Advertisements
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Advertisement5 2014-08-04 7 The power of global connectionsTM5 words
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SINGAPORE NEWS
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Article, Illustration433 2014-08-04 8 AMANDA EBER - Crabs no longer a hard nut to crack With CracKit! device, which is still a working prototype, messy dining experience with crabs may be a thing of the past INNOVATION By AMANDA EBER aeber@sph.com.sg EATING crab can be troublesome for those who hate getting their fingers covered in sauce whenPHOTO: ARTHUR LEE - 433 words
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Article, Illustration266 2014-08-04 8 LEE MEIXIAN - BY LEE MEIXIAN |éemx@sph.com.sg @Leel\/lei><ianBT WHEN Prime Minister Lee Hsien Loong speaks at this year’s National Day Rally, he will unveil plans to ensure that Singaporeans will have enough to live to a ripe old age.266 words
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Article, Illustration435 2014-08-04 8 MINDY TAN - BY MINDY TAN tanmindy@sph.com.sg @l\/lindyTanBT Floravale gives out food rations to the needy MEMBERS of Floravale Neighbourhood Committee packed food rations and made cards of encouragement for beneficiaries of Fei Yue Community Services, before forming a convoy of 20 cars to deliver the rations. Around 250 sacks of435 words
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Article1335 2014-08-04 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 AIMSAMP Cap Reit (1 Apr-30 Jun14) ct 2.550 05-Aug 07-Aug 23-Sep 30-Jul Ascott Residence Trust (1 Jan to 30 Jun14) ag 3.937 29-Jul 31-Jul 25-Aug 22-Jul Asiatic ak1,335 words
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Page 8 Advertisements
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Advertisement418 2014-08-04 8 MERIT WORLDWIDE INVESTMENTS LTD Business Company Number: *****47 IN VOLUNTARY LIQUIDATION Notice is hereby given that in accordance with the British Virgin Islands Business CompaniesAct, 2004 (as amended), the voluntary liquidation of Merit Worldwide Investments Ltd commenced on 22 July 2014 and that Chan Sook Yin of 21 Collyer Quay418 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article1194 2014-08-04 9 CAI HAOXIANG - Timing issues over revenue and expense recognition and cash movements underpin accounting, says CAI HAOXIANG CAI HAOXIANG Accruals are one of the most important concepts that investors have to understand, if they are to read financial statements with a deeper level of understanding. Most accounting1,194 words
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Article, Illustration1168 2014-08-04 9 CAI HAOXIANG - MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent LOOKING at my monthly Internet and handphone bills one day many years ago, I was stumped when recording them down. For which month should I record my bill expenditure? A typical bill has a date that the bill was made,1,168 words
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Page 9 Advertisements
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Advertisement113 2014-08-04 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to113 words
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VIEWS FROM THE TOP
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Article, Illustration2948 2014-08-04 10 Relaxing the curbs a question of timing THIS WEEK’S TOPIC: What’s been the overall impact of the property cooling measures? Should the curbs be relaxed soon? Pauline Goh Managing Director CB Richard Ellis Singapore THE Total Debt Servicing Framework (TDSR) framework has paved the way for a property market with2,948 words
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Page 11 Advertisements
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Advertisement12 2014-08-04 11 A complete list of views from CEOs is also available at http://businesstimes.com.sg12 words
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Advertisement207 2014-08-04 11 PCc ‘zt M 1CTIVA MEDIA Activa Media raises the bar with another award-wimping performance I J 2013 Google Premier SME Partner Awards (Southeast Asia) Presented to Activa Media Pte Ltd Google Winner Highest Customer Satisfaction Activa Media is honoured to be conferred Highest Customer Satisfaction Award by Google for doing207 words
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MALAYSIA/INDONESIA
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470 2014-08-04 12 PAULINE NG - Rubber glove demand could surge with worst outbreak of deadly virus to date By PAULINE NG in Kuala Lumpur BUCKING a global market slump, Malaysian glove makers have notched up noticeable gains as investors bet that efforts to contain the deadly Ebola470 words
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Article, Illustration729 2014-08-04 12 It offers to repay debt to convertible bondholders three years earlier Bloomberg [JAKARTA] PT Bumi Resources, the most indebted coal producer in Asia, is trying to sweeten its debtexchange offer, sending a letter to holders of its US$375 million bonds ahead of a repaymentBloomberg; PHOTO: BLOOMBERG - 729 words
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Article1362 2014-08-04 12 VOL Aug 1 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.22 unch 1589 Adventa Bhd 1.15 0.11 1242 Ae Multi Hldgs 0.22 0.01 663 Affin Holdings 3.52 unch 222 Ahmad Zaki Res 0.63 Airasia Bhd 530 Alliance Finan 4.88 -0.01 365 Aluminium Co 0.79 0.02 144 Amalgamated In1,362 words
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Page 12 Advertisements
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Advertisement883 2014-08-04 12 EZRA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1411N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Ezra Holdings Limited (the “Company”) will be held at Klapsons, The Boutique Hotel eighteen, 1 2 Level 18, 15 Hoe883 words
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Advertisement21 2014-08-04 12 Corporate governance and transparency of S-chips still lag behind other Singapore listed companiespanies To subscribe, call 6388-3838 or go to sphsubscription.com.sg21 words
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S SPECIAL SPH – STEADFAST@30
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Article, Illustration1005 2014-08-04 13 LAI YI MING - Singapore’s largest media group takes digital revolution in stride to ensure readers get easy access to all its products on different platforms By LAI YI MING SINGAPORE Press Holdings (SPH) is adopting a hybrid strategy of print plus digital for its publications to stay ahead and1,005 words
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Article, Illustration312 2014-08-04 13 Message from Mr Alan Chan, CEO, SPH TODAY marks the 30th anniversary of Singapore Press Holdings (SPH), which was formed on Aug 4,1984. Since March this year, we have been organising a series of events to mark this special occasion and to engage all our stakeholders. One312 words
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Article, Illustration578 2014-08-04 13 Message from Dr Lee Boon Yang, chairman, SPH SPH celebrates its 30th anniversary at a time of rapid changes that have radically reshaped the entire media landscape. The incorporation of SPH 30 years ago on Aug 4,1984 brought together the English, Malay578 words
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Article, Illustration693 2014-08-04 14 / 15 geraldine ling - SPH Reit stands on solid foundations with strategic locations and sound management to ensure future growth by geraldine ling A ROBUST portfolio, strong positioning and a wellknown sponsor these are the key elements that have helped SPH Real Estate Investment Trust (Reit) to become an instant693 words
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Article, Illustration232 2014-08-04 14 / 15 SPH rings in its 30th year with a string of public events to mark a key milestone in the company’s history Above: British artist and autistic savant Stephen Wiltshire was invited to draw a panoramic cityscape of Singapore at Paragon last month. Well known for his ability232 words
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Article, Illustration1172 2014-08-04 14 / 15 The heads of SPH business units share their views on the new areas of growth, the major challenges and future prospects Digital is the next frontier for SPH and it presents exciting new opportunities to connect with our customers, and take our digital products and engagement1,172 words
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Page 13 Advertisements
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Advertisement67 2014-08-04 14 / 15 CongratuCations and best wishes to Singapore dress dCo [dings on your 30th Anniversary from your business partners! i Fair Price ***** ncs United Engineers Developments Pte Ltd JEONJU PAPER BUILDING SUSTAINABILITY Parkway Shenton /flBottcher t Systems manroland First Capital Insurance Limited A FAIRFAX Company KOMPRESSOREN making IT happen web systems67 words
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Page 16 Advertisements
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Advertisement203 2014-08-04 16 SPH celebrates 50 years of excellence with a rousin musical treat! c Sal SPH 1 Let the trumpets sound it's Singapore Press Holdings' 30th anniversary! To commemorate this milestone, we are inviting you to a birthday concert at a most special venue the newly refurbished Victoria Concert Hall. The Singapore203 words
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CHINA/INDIA
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630 2014-08-04 17 Drop takes shine off an industry that has been a bright spot in China’s economy Reuters [BEIJING] Growth in China’s services sector slipped to a six-month low in July as new orders rose at their weakest rate in at least a year,Reuters - 630 words
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487 2014-08-04 17 Central bank signals no broader easing of monetary policy Bloomberg [BEIJING] The People’s Bank of China (PBOC) has warned that the country’s credit and money supply have increased rapidly, and indicated that it would refrain from broader monetary easing to support growth.Bloomberg - 487 words
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Article, Illustration459 2014-08-04 17 [NEW DELHI] Indian tycoon Subrata Roy, seeking to raise US$1.6 billion to win release from jail, has “interested” potential buyers for his iconic foreign properties that include New York’s Plaza Hotel, a company official said during the weekend. The Supreme CourtPHOTO: BLOOMBERG - 459 words
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Page 17 Advertisements
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Advertisement287 2014-08-04 17 ST Seminar Showcase 2014 Singapore Malaysia Tl Ua.lt. Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 8.30am 5.00pm SEMINAR TOPICS SPEAKERS SHOWCASE FEATURED DEVELOPERS *Early bird prices end 10 August 2014 -r-7 Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong287 words
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WORLD
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Article, Illustration777 2014-08-04 18 Big money from the less-regulated funds, new banking rules among push factors AFP [NEW YORK] Crippled by lawsuits linked to the 2007-2008 financial crisis, American banks are grappling with an exodus of its best bankers and traders, lured by the huge salariesAFP; PHOTO: BLOOMBERG - 777 words
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Article, Illustration822 2014-08-04 18 AFP Reuters [NAIROBI] The United States will announce nearly US$1 billion in business deals, increase funding for peacekeeping and commit billions of dollars to expanding food and power programmes in Africa during a summit this week, US and development officials say.AFP; Reuters; PHOTO: AFP - 822 words
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811 2014-08-04 18 It wants to make 1st big repayment early, to delay second one Reuters [DUBAI] Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the US$25 billion restructuring of state-owned Dubai World, one of the MiddleReuters - 811 words
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511 2014-08-04 18 Reuters [NEW YORK] Wall Street firms led by Goldman Sachs Group Inc are close to buying a stake in chat and instant messaging startup Perzo Inc in pursuit of an alternative to a similar application from Bloomberg LP, sources familiar withReuters - 511 words
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Article, Illustration935 2014-08-04 19 Analysts say US$10b savings unlikely as projected synergies are exaggerated Bloomberg [NEW YORK] Iliad SA thinks it can pull off an acquisition of T-Mobile US Inc for more than the French company itself is worth, while also cutting US$10 billion of costs. AnalystsBloomberg; PHOTO: AFP - 935 words
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Article, Illustration1180 2014-08-04 19 Derided by Sarkozy, he’s now cheered by economy minister Reuters [PARIS] For all the surprise that has greeted French telecom group Iliad’s bid for T-Mobile US, there is one thing a procession of broadband and mobile firms haveReuters; PHOTO: AFP - 1,180 words
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963 2014-08-04 19 Moves seen as highly politicised gestures in classic Russian diplomatic style WP [MOSCOW] As the United States and Europe step up economic sanctions against Russia, Moscow’s food-safety epidemiologists have been working overtime. In the past few weeks, RussianWP - 963 words
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Article, Illustration621 2014-08-04 20 ANTHONY ROWLEY - It wants to tap this fast-growing sector to replace fading electronics exports By ANTHONY ROWLEY in Tokyo AS Japan wakes up to the fact that a weaker yen is not going to rescue its once-famed consumer goods exports, or the economy, government andPHOTO: BLOOMBERG - 621 words
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721 2014-08-04 20 Reuters [TORONTO] Canada’s three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of expansion options and shy away from overseas purchases. BCE Inc, RogersReuters - 721 words
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Article, Illustration398 2014-08-04 20 Reuters [DUBAI] Water shortages have long been a problem for countries across the Middle East, where a high birth rate, rising consumption and poor management have strained already scarce resources. But Iran has fared among the worst. The country of 76 millionReuters; FILE PHOTO: REUTERS - 398 words
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603 2014-08-04 20 Securities trading above 80 US cents despite default Bloomberg [BUENOS AIRES] Typically when a country defaults, its debt sinks to less than 30 US cents on the dollar. In Argentina, even after two days of losses, government bonds are trading above 80 cents.Bloomberg - 603 words
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430 2014-08-04 20 He upped his offer from US$36m to secure a settlement AFP [MUNICH] Formula One tycoon Bernie Ecclestone is heading for a US$100 million settlement to halt his bribery trial in Germany, local media reported at the weekend. The 83-year-old Briton upped hisAFP - 430 words
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SHIPPING/AVIATION
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Article, Illustration873 2014-08-04 21 Need for the fuel declines as the country produces record hydropower Bloomberg [LONDON] Record production of hydropower from China’s Three Gorges and newer dams is displacing so much coal that rates to transport it have plunged to about record lows, roiling theBloomberg; PHOTO: AFP - 873 words
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Article, Illustration526 2014-08-04 21 Bloomberg [TOKYO] Internet entrepreneur Shinichi Nishikubo turned around the unprofitable Japanese budget carrier Skymark Airlines Inc after taking a stake in 2003 and becoming its president the following year. Now he faces another crisis as a plan to buy Airbus Group NV A380Bloomberg; PHOTO: AFP - 526 words
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Article239 2014-08-04 21 SGX '000 Aug 01 S$ +/-Vol Ch Offshore 0.49 0.02 2957 Chuan Hup Hldg 0.30 0.01 2424 Aug 01 Cwt Limited...............1.69 -0.01 317 First Ship Lea 0.09 unch 74 Grand Banks 0.27 -0.01 55 Jaya Hold Ltd 0.02 K1Ventures................0.20 -0.01 481 Keppel Corp 10.84 -0.12 4177 Mercator Lines239 words
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Article238 2014-08-04 21 AFP [SEOUL] A hijacked Singaporean oil tanker carrying 21 sailors was released yesterday a week after being seized by pirates in waters off Ghana in west Africa, Seoul’s foreign ministry said. The 3,200-tonnes tanker, carrying a South Korean captain and chief engineer, was hijacked on JulyAFP - 238 words
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484 2014-08-04 21 Bloomberg [LONDON] British Airways (BA) parent IAG SA said sec-ond-quarter profit jumped 55 per cent and announced an order for 16 new wide-body jets at its Iberia arm after a programme of job and route cuts revived earnings at the SpanishBloomberg - 484 words
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Article, Illustration499 2014-08-04 21 Acquisition will be his first major foray into aircraft leasing Bloomberg [HONG KONG] Billionaire Li Ka-shing is considering bidding for a portfolio of planes being sold by Terra Firma Capital Partners Ltd’s aircraft-leasing company, said people with knowledge of the matter. MrBloomberg - 499 words
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Page 21 Miscellaneous
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Miscellaneous328 2014-08-04 21 CRYPTIC CROSSWORD Across 1 He requires staff for the spring (4,7) 9 It’s for those who like to travel, but not fast (6-3) 10 Concerning a period of illness (5) 11 Glossy appearance is something attractive about a good man (6) 12 Party member who went to pot (8) 13328 words
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DINING OUT
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Article, Illustration999 2014-08-04 22 JAIME EE - Most dishes by Willin Low, the poster boy of modern Singapore cuisine, reflect a maturity of thought and a clearer narrative, says JAIME EE JAIME EE RESTAURANT REVAMP Wild Rocket Hangout Hotel 10A Upper Wilkie Road Tel: 6339 9448 Open for lunch and dinner MonPHOTOS: YEN MENG JIIN - 999 words
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Page 22 Advertisements
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SINGAPORE STOCKS
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Article4051 2014-08-04 23 Week ended: Aug 1 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 13.3 10.4 8Telecom Vol Week Last Quote --AAT Net M Cap 13.7 6.7 AIMS Property 12.9 -0.1 222 13 12.9 12.34,051 words
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Article648 2014-08-04 24 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 $mil 32.5 23 t 3Cnergy 500 Last Vol Week 1.9 0.9 t Advanced Systems 0.9 -0.1 160 0.9 0.9 0.9 1 17.5 Net M Cap648 words
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Article125 2014-08-04 24 Stock name Close Change Ascendas Reit 2.310 -0.020 CapitaLand 3.430 -0.020 CapitaMall Trust 1.970 CityDev 10.390 -0.190 ComfortDelGro 2.560 -0.030 DBS Grp 18.310 +0.090 Genting Sing 1.335 Global Logistic 2.800 +0.010 Golden Agri-Res 0.535 HPH Trust USD 0.715 -0.030 Stock name Close Change HongkongLand USD 6.930125 words
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Article1931 2014-08-04 24 Transaction date: Aug 1 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Angang Steel 5.74 -0.05 ***** Anhui Conch 28.80 -0.55 7068 Anhuiexpresswa 4.62 0.01 259 Asia Satellite 27.00 -0.05 6 Asm Pacific 81.45 -0.90 627 Avic Ihl 10 Avic Int'L 9.86 Baiyunshan Ph 26.80 2.00 9022 Bank1,931 words
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Article263 2014-08-04 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 43 AVJennings A56 +1 50 57 54 55.5 56.5 3.6 6.3 4.5 207.3 4 0.7 OGL Resources A$ A1.7 +0.5 2 1.7 0.9 0.9 2 0.3263 words
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Article186 2014-08-04 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 12 3 0 0 0 0 12 3 Manufacturing 45 105 24 6 19 12 51 124 36 Commerce 12 40 20 3 14 1 15 54 21 Tpt/Stor/Comms 10 26 10186 words
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Article1174 2014-08-04 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 117 +1 73 118 115.8 115.8 116.4 534.1 135.5 119 CIMB APAC Div 100S$D 134.7 +0.3 7 135.1 134.2 1331,174 words
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Article123 2014-08-04 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 82,559 82,559 280,545 280,545 Manufacturing 1,225,978 325,516 1,551,494 407,941 32,337 440,278 Commerce 290,478 373,638 664,116 290,223 27,326 317,549 Tpt/Stor/Comms 634,422 3,084 637,506 657,088 368 657,456 Finance 111,538 3,554 115,092 1,151,678 1,118 1,152,796 Construction 185,534 99,131123 words
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Advertisement26 2014-08-04 24 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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Article655 2014-08-04 25 Aug 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.54 *****.13 *****.15 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec14 *****.00 *****.00 *****.00 *****.00 6 ***** MSCI TAIWAN INDEX FUTURES SPOT 331.21 333.39 330.76 Aug14 332.40 333.10 329.00 330.50 ***** *****3 Sep14 330.50655 words
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373 2014-08-04 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 1 Index Change Change Change Change Change Change World Preliminary 1215.8 -0.7 2.6 -0.8 1.2 -0.6 2.6 EAFE Preliminary 957.4 -1.0 0.1 -0.9 -1.2 -0.8 0.1 Europe Preliminary 1354.3 -1.0 0.0373 words
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Article471 2014-08-04 25 Aug 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 5.738 0.694 7.196 56.488 109.801 0.956 9.629 2.981 1.094 91.722 40.638 1.160 9.950 0.844 27.886 29.932 0.550 0.929 Canada 0.986 5.656471 words
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Article37 2014-08-04 25 Aug 1 (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 2014-08-04 25 Aug 1 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-16 101.14 5-Year NX*****W 2.5 01-Jun-19 105.74 105.90 105.90 10-Year NY*****H 3.000 01-Sep-24 104.5 104.9078 words
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Article120 2014-08-04 25 Aug 01 GOLD(US$/oz) Aug 01 Jul 31 Hong Kong 1287.00 1298.00 Aug 01 Jul 31 London 1294.32 1285.70 1295.07 1286.41 Source: Thomson Reuters CAST BAR Aug 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 309 255 10gm 576 512120 words
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Article57 2014-08-04 25 Aug 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2340.0 2357.0 2350.0 2332.0 76 1763 Sep 14 2285.0 2315.0 2317.0 2285.0 3305 ***** Oct 14 2263.0 2284.0 2287.0 2261.0 ***** ***** Nov 14 2259.0 2280.057 words
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Article155 2014-08-04 25 Aug 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1592 1.1606 0.9283 0.9288 Canadian dollar 1.1426 1.1440 0.9155 0.9150 Euro 1.6709 1.6723 1.3381 1.3383 NZ dollar 1.0596 1.0609 0.8486 0.8490 Sterling pound 2.1067 2.1087 1.6871 1.6875155 words
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Article109 2014-08-04 25 Aug 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1215.00 1224.50 1225.75 1210.75 Sep 14 1073.50 1099.75 1098.25 1069.75 Nov 14 1058.50 1082.00 1079.75 1056.00 Jan 15 1066.75 1090.25 1087.75 1064.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14109 words
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Article95 2014-08-04 25 Aug 1 COCOA (£/tonne) Close Prev High Low Sep 14 2014 2019 2028 1983 Dec 14 1988 1989 1994 1957 Mar 15 1944 1946 1953 1924 May 15 1930 1930 1937 1911 COFFEE(US$/tonne) Close Prev High Low Sep 14 2097 2104 2139 2094 Nov 14 2093 2089 2129 208695 words
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1015 2014-08-04 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -58 4.00 47 Asia-Pacific Strategic W*****6 3.8 unch ***** 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd1,015 words
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Article70 2014-08-04 25 CRUDE OIL PRODUCTS Jul 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.83 -1.21 WTI (Near Mth) 98.00 -1.89 Dubai (1-Mth F) 104.15 -1.32 Tapis blend 108.06 -1.70 Minas 103.76 -1.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.33 -1.39 Jet Kerosene 118.21 -1.39 US$/barrel OpecOil Basket70 words
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Article22 2014-08-04 25 Aug 1 S$ Bid Offer 1-month 1.2487 1.2496 2-months 1.2487 1.2496 3-months 1.2486 1.2496 6-months 1.2485 1.2494 Source: OCBC22 words
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Article66 2014-08-04 25 Aug-01 Aug-01 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1962.50 1978.50 3 months 1975.00 1988.00 Copper, Grade A(US$/tonne) Cash 7088.50 7135.50 3 months 7074.50 7115.00 Lead(US$/tonne) Cash 2212.75 2218.50 3 months 2220.00 2226.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2014-08-04 25 As at 9am Aug 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.164 1.120 Euro 1.709 1.628 Sterling pound 2.146 2.064 NZ dollar 1.086 1.045 US dollar 1.272 1.212 Local dollars to 100 units of foreign121 words
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Article157 2014-08-04 25 Aug 1 $S Offer Bid 0vernight 0.03 0.02 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.12 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12157 words
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Article2100 2014-08-04 26 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 THE2,100 words
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Advertisement54 2014-08-04 26 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? The54 words
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Advertisement139 2014-08-04 27 Shipping lines seeking reliable Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 The Business Times ML U UJINLJJ IIIVILJ Shipping Times Spotlig Award Wins Certifications Come publicise your Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment,139 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration700 2014-08-04 28 Many Intel customers still haven’t adopted revised security designs that it distributed in March Reuters [SAN FRANCISCO] MULTI-YEAR effort in the United States to prevent hackers from altering computers while they boot up has largely failed because of lax application of preventiveReuters; PHOTO: REUTERS - 700 words
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719 2014-08-04 28 They can load malicious software onto chips in keyboard, thumb-drive Reuters [BOSTON] USB devices such as keyboards, thumb-drives and mice can be used to hack into personal computers in a potential new class of attacks that evade all known security protections, aReuters - 719 words
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Article, Illustration402 2014-08-04 28 REUTERS BREAKINGVIEWS [HONG KONG] China’s tech companies may be Beijing’s darlings, but they have US dollar funding to thank. The next generation of upstarts look likely to continue the pattern. Foreign currency funds poured US$5 billion into venture capital the firstPHOTO: AFP - 402 words
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Article721 2014-08-04 28 PETER MARRS - Devices today help enhance users’ work, personal life <yousay> By PETER MARRS The author is vice-president, End User Computing, Dell Asia Pacific and Japan WORK and personal life used to be separate entities. Today, however, it is not uncommon for people to use their work devices721 words
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