The Business Times, 6 August 2014

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Microfilm: NL33221
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Wednesday, August 6, 2014
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  • Article, Illustration
    Lock icon High claims, costs hit integrated shield plans
    877 1  -  Underwriting profit margin shrinks to 3.5% last year from 17.9% in 2009 By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT [SINGAPORE] Pressure is mounting on Singapore’s Integrated Shield Plan (IP) sector to find ways to remain profitable, as rising claims and substantial management and distribution costs
    Source: Monetary Authority of Singapore, compiled by Life Planning Associates.  -  877 words
  • Article, Illustration
    Lock icon About 1% productivity growth likely this year
    521 1  -  Govt says it’s on track for annual target till 2020 By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Overall productivity growth for this year is expected at about one per cent, said Trade and Industry Minister Lim Hng Kiang in parliament yesterday. He was responding
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,327.67 (+9.27) GST INDEX FUTURES 3,307.00 (+9.00) GSIMSCI 379.75 (+1.60) GSIMSCI FUTURES 377.40 (+1.30) US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.685 2.098 EURO (US$/S$/€ 1.341 1.669 Foreign currency per US$ S$ YEN 102.60 82.40 RM 3.187 2.560 HK$ 7.750 6.226 BAHT 32.11 25.79 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,876.69 +0.89 NIKKEI 225 15,320.31 -154.19 HANG SENG 24,648.26 +48.18 SET INDEX 1,528.98 +9.60 JAKARTA COMP 5,109.09 -10.16 MANILA COMP 6,974.00 -24.37 SEOUL COMP 2,066.26 -14.16 SHENZHEN B 932.89 +2.16 MUMBAI IND 25,908.01 +184.85 12 noon EDT Change DOW 16,497.42 -71.86 NASDAQ 4,369.03 -14.86
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 5.35 6.55 5.00 14.989 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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      118 1 EXEC MONEY Golden times for equity investors PAGE 32 Q2 RESULTS CapitaLand sales slide; OCBC beats profit expectations PAGE 5 APP nanu vs what’s out there PAGE 4 STRAIT TALK Living with social media PAGE 19 Passionate about karting Businessman and karting enthusiast Richard Tan to fund, build, operate international
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      3 1 *****1 11 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Tough market prompts more property agency tie-ups
      735 2  -  Latest deal sees JLL S’pore taking 20% stake in PropNex unit By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] More property agencies here are consolidating to share resources and leverage on one another’s networks, as the residential market continues to shrink. Yesterday, JLL Singapore announced
      PHOTO: YEN MENG JIIN  -  735 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      295 2 High claims hit Integrated Shield Plan PRESSURE is mounting on Singapore’s Integrated Shield Plan sector to find ways to stay profitable. FRONT PAGE 1 productivity growth seen this year PRODUCTIVITY growth has been averaging 0.8 to 0.9 per cent for the first two quarters, and the government expects
      295 words
    • Article
      Lock icon Dealers cite car loan curbs for rise in sales of cheaper cars
      663 4  -  Re-classification of Cat A also a factor, but has smaller impact By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The re-classifica-tion of Category A Certificates of Entitlement (COEs) may be one reason for the rise in the number of cars with
      663 words
    • Article
      Lock icon Release of nanu app becomes a talking point
      772 4  -  Android launch due to its huge market share: developer By JACQUELYN CHEOK jaccheok@sph.com.sg@JacCheokBT [SINGAPORE] nanu, the free call app created by Sin-gapore-based startup Gentay Communications, yesterday generated a buzz when it was finally unveiled. Gentay said the app which took the startup
      772 words
    • Article, Illustration
      Lock icon Businessman to fund, build, operate int'l-standard track
      546 4  -  Arina MD believes in letting the product ‘do the talking’ By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] With a S$2 million investment to build a circuit and total rental of close to half a million dollars, plus the fee for a world-renowned Formula One (F1)
      PHOTO: ARTHUR LEE  -  546 words
    • Article
      Lock icon Firms get extra S$10m boost from Spring
      566 4  -  Funds to help them develop, adopt new standards By MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPORE] Spring Singapore has set aside another S$10 million to help companies develop and adopt new standards and to set up standards-development organisations that will focus on new sectors. The
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    • Article
      Lock icon White Paper highlights Japan’s increasing defence expenditures
      563 4  -  By ANTHONY ROWLEY in Tokyo JAPAN’S defence expenditures have begun rising again after a decade of decline, while the downward trend in the number of military personnel has also been arrested amid what the Japanese Defence Ministry calls an “increasingly severe” security environment
      563 words
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      135 2 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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      116 2 •g g g^g*g w g v g w g w g J# IHSPGAPORE !::3flEDIATION: LECTURE 2014 9 9 The Mediation Imperative: Why Successful Companies Embrace Mediation Speaker Mr Brackett B Denniston III Senior Vice President General Counsel, General Electric Company Friday, 26 September 2014 5.30pm to 6.30pm (Registration starts at
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      220 3 'J e m V Vi- < m i rti y.tfuvj i-Skv-A. WCT Mia\& m Is til B s M P ilM '5i j(i > f^Ori. »T v rv W //A^S3i PR Tl* J u.J -JaAOi KS' t 5r CRSp 1 3 m KSr IN* 9 a AO> '7S iSMil IB
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  • COMPANY NEWS
    • Article
      Lock icon OCBC zips ahead of Q2 profit expectations
      521 5  -  Reports by JAMIE LEE leejamie@sph.com.sg@JamieLeeBT STRONG banking operations combined with continued cost control and a contribution boost from its insurance arm brought Over-sea-Chinese Banking Corporation (OCBC) record quarterly earnings. OCBC, the last of the three Singapore banking groups to post its financial results
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    • Article
      Lock icon No systemic issues in housing, China portfolio
      457 5 OCBC Bank sees no stresses in its portfolios for mortgage loans and for China, said CEO Samuel Tsien yesterday. “I’m pleased to report we do not see any systemic issues with the housing portfolio,” he said, noting that there has been no repayment
      457 words
    • Article
      Lock icon CapitaLand Q2 sales slide
      708 5  -  But earnings up on improved operating profits and revaluation gains By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT THE impact of slower development sales hit home for CapitaLand this year, with its second quarter ended June 30 results registering a drop in revenue. Having substantially sold down residential units
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    • Article
      Lock icon July SGX securities trading up 2% over previous month
      584 7  -  Turnaround from downward trend since penny stock saga By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT THE total value of securities traded on Singapore Exchange (SGX) in July was S$21 billion, down 24 per cent from a year ago, but up 2 per cent
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    • Article
      Lock icon SingPost Q1 profit up 5% at S$39.2m
      452 7  -  By ANITA GABRIEL anitag@sph.com.sg@AnitaGabrielBT EVEN as Singapore Post’s sunny e-story is still a work in progress details of its tie-up with Chinese e-com-merce giant Alibaba have yet to be known it unveiled a first-quarter scorecard that strengthens its case for diversification. Net profit
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    • Article
      Lock icon PICTET
      271 7 Pictet-Absl Rtn Fxd Inc-HP EUR 31/07/2014 EUR 102,98 Pictet-Absl Rtn Glo Div-P EUR 31/07/2014 EUR 117,25 Pictet-Asian Equities Ex Japan-P USD 01/08/2014 USD 196,25 Pictet-Asian Local Currency Debt-P USD 01/08/2014 USD 148,65 Pictet-Biotech-P USD 31/07/2014 USD 578,67 Pictet-Clean Energy-P USD 31/07/2014 USD 86,60 Pictet-Digital Communication-P USD 31/07/2014 USD 210,81
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    • Article
      Lock icon Far East H-Trust Q2 DPU lower
      383 7  -  By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT AGAINST the backdrop of a challenging operating environment, Far East Hospitality Trust marked a 4.9 per cent dip in distributable income to S$22.1 million for the second quarter ended June 30. Its distribution per unit (DPU) fell a larger
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    • Article, Illustration
      Lock icon GLP sees longer-term benefit from Chinese investment
      575 8  -  Earnings down 12% in first quarter due to a host of factors By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT GLOBAL Logistic Properties (GLP) registered a 12 per cent drop in net profit to US$179.4 million for its first quarter ended June 30, while revenue rose
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    • Article
      Lock icon S$246.8m valuation loss hits Forterra Trust’s Q2 results
      438 8  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT FORTERRA Trust’s bottom line was dealt a severe blow in the second quarter as its investment properties swung to a S$246.8 million loss in valuation from a gain of S$41.3 million a year ago. The Q2 net
      438 words
    • Article
      Lock icon StarHub earnings fall 6.3% in Q2
      466 8  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT STIFF competition in the broadband space made itself felt in StarHub’s second quarter, even as the operator revised its full-year service revenue outlook yesterday to take the tougher broadband market into account. Net profit for the quarter ended June
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    • Article
      Lock icon PCRT’s DPU remains at 0.95 cent
      368 8  -  By CAI YONG caiyong@sph.com.sg PERENNIAL China Retail Trust (PCRT) yesterday announced a distribution per unit (DPU) of 0.95 Singapore cent for the second quarter ending June 30. This brings H1 DPU to 1.90 Singapore cents. Distributable income for Q2 is similar to that for
      368 words
    • Article
      Lock icon Life insurance industry’s Q2 growth muted
      347 8  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT SINGAPORE’S life insurance industry recorded muted growth in the second quarter this year. Weighted new business premiums for the three months ended June fell 10 per cent to S$660.3 million from a year ago. This, as weighted annual premiums
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rises 9.3 points as selling eases
      588 6  -  OCBC and CapitaLand make gains after the release of quarterly results STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE bleeding the local market suffered during the previous two sessions was stemmed yesterday when the Straits Times Index (STI) managed a 9.27-point bounce to
      Source: Bloomberg  -  588 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Aug 5 VALUE CLOSE BT OB/OS -604.00 +26.00 BT CADI -*****.00 +47.00 BT 10-day MA -*****.00 -60.00 FTSE ST Mid Cap 775.44 +2.42 FTSE ST Small Cap 553.42 +1.13 FTSE ST All Share 808.84 +2.26 FTSE ST China Top 197.80 -0.35 FTSE ST China 227.58 -0.68 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 5 0 0 0 8 2 5 Manufacturing 56 37 48 9 6 13 65 43 61 Commerce 23 20 17 5 7 5 28 27 22 Tpt/Stor/Comms 21 16 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,267 20,267 74,704 74,704 Manufacturing 380,993 211,314 592,307 145,771 13,465 159,236 Commerce 51,747 48,647 100,394 61,145 3,191 64,336 Tpt/Stor/Comms 123,781 1,077 124,858 144,951 128 145,080 Finance 19,925 5,255 25,180 226,564 1,778 228,342 Construction 27,839 106,038
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 6 Stock name Close Change Ascendas Reit 2.300 -0.010 CapitaLand 3.440 +0.040 CapitaMall Trust 1.955 CityDev 10.15 -0.120 ComfortDelGro 2.650 +0.070 DBS Grp 18.32 +0.200 Genting Sing 1.335 Global Logistic 2.790 -0.010 Golden Agri-Res 0.530 HPH Trust USD 0.695 HongkongLand USD 6.870 -0.060 JMH 400 USD 59.04
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    • Article
      Lock icon BROKERS’ TAKE
      989 6  -  Compiled by ANDREA SOH ARA Asset Management Aug 5 close: S$1.72 DBS Group Research, Aug 5 ARA reported Q2 2014 Patmi (profit after tax and minority interests) of S$20.8 million (+36 per cent y-o-y) on the back of a 17 per cent rise in revenues to S$40.4 million.
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    • Article, Illustration
      Lock icon Euro dips on weaker Italy service data
      492 6 CURRENCIES Reuters [LONDON] The euro headed back below US$1.34 yesterday after data on Italy’s service sector proved weaker than expected, while a surprise bounce for equivalent numbers in Sweden and Britain drove the krona and the pound higher. The European purchasing managers’ index
      Reuters; PHOTO: BLOOMBERG  -  492 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Polaris 160,031,000 Charisma Energy 91,866,000 Xpress 56,860,000 Artivision Tech 55,309,000 IHC 54,551,000 Memstar Tech 54,127,000 Jaya 50,257,000 ThaiBev 42,588,000 Amplefield 41,221,000 SIIC Environment 40,112,000 VALUE($) DBS Grp 93,922,535 Global Logistic 88,334,933 UOB 68,808,310 SingTel 56,584,750 OCBC Bank 48,032,032 CapitaLand 47,593,060 Keppel Corp 42,943,786 Sembcorp Marine 31,532,280
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    • Article
      Lock icon RISES
      120 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 197.9 1.2 Lyxor ThaiSET 10US$ ***** 112.0 0.7 DBXT iBoxxKR 5US$ ***** 108.3 0.6 SPDRS S&P 500 10US$ ***** 92.1 0.4 DBXT AUDCS 5US$ ***** 51.0 0.2 DBXT FTVietnam 10US$ 2853 51.0 1.5 Lyxor Indonesia10US$ 9421 48.5 0.4 SPDR DJIA 10US$
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -96.4 -0.4 DBXT iBoxxSvEu 5US$ ***** -87.1 -0.2 JMH 400 USD 5904 -63.5 -0.9 DBXT EONIA 5US$ ***** -59.7 -0.3 UOB.ES.1408 2268 -51.0 -2.2 DBXT MSTaiwan 10US$ 2190 -34.9 -1.3 GLD 10US$ ***** -29.9 -0.2 Lyxor AsiaIT 10US$ 3864 -24.9
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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      165 7 A rlCTIVA MEDIA It's our dedication to result that makes us the preferred choice of businesses FOR ONLINE SEARCH MARKETING IN SOUTHEAST ASIA HIGHEST 1ST ONLY in PREFERRED RESELLER As the top 1% digital marketing agency and both Google AdWords Premier SME Partner and Yahoo! Preferred Reseller, Activa Media delivers
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      246 8 Gala: Return Of The Brubeck 15 16 August 2014 Friday Saturday 8pm SCO Concert Hall Take Five Paul Desmond Blue Rondo A La Turk Dave Brubeck Unsquare Dance Dave Brubeck Jazzanias Dave Brubeck In Your Own Sweet Way Dave Brubeck Mr Broadway Dave Brubeck Strike up the Band George Gershwin
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      1244 9 Grooming global-ready graduates in digital marketing Southampton is partnering SIM Global Education (SIM GE) to equip graduates for a fast-growing industry studies are selected to reflect the specific needs of the progammes. The university handles the academic curriculum, teaching delivery and assessment while SIM GE handles the administrative support of
      1,244 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon GM International opens regional HQ here
      451 10  -  Incentives include tax breaks and better chances of hiring expat staff By samuelee@sph.com.sg SAMUEL EE samuelee@sph.com.sg MANY incentives are behind the relocation of General Motors’ regional headquarters to Singapore from China, but the most attractive are likely to be the tax breaks and better
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    • Article
      Lock icon Extra Space takes majority stake in Taiwan company
      347 10  -  By AMANDA EBER aeber@sph.com.sg HOMEGROWN self-storage company Extra Space has acquired a majority stake in Taiwan’s Storeasy Self Storage to become one of the largest self-storage companies in Asia, in terms of the number of facilities that it has. The concept of
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon SMU launches research centre on tax issues
        137 10 THE Singapore Management University (SMU) yesterday launched a centre that focuses on research in international and regional tax issues and taxation policies. Called the SMU-TA Centre for Excellence in Taxation, it is set up in collaboration with the Tax Academy of Singapore, with
        137 words
      • Article
        Lock icon Zoo bags Travellers’ Choice award
        135 10 THE Singapore Zoological Gardens was placed fifth in the world and first in Asia for TripAdvisor’s Travellers’ Choice awards for zoos around the globe. Resorts World Sentosa’s SEA Aquarium also made it to the list of winning aquariums, being ranked seventh in Asia. Travellers’ Choice
        135 words
    • Article
      Lock icon Smaato raises US$25m in funding from investors
      239 10  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT SMAATO, a mobile ad exchange, has raised US$25 million in Series E funding, it said yesterday. Singapore Press Holdings (SPH) was among this round’s group of investors, which also included Aeris Capital, EDB Investments and other existing shareholders.
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    • Article, Illustration
      Lock icon Local firm grabs attention at mobile tech show
      993 10  -  Blu5 View is charting its own track in the business of creating information security in mobile environments, reportsNG NG ZHUO YANG IN the company of the big boys in infocommunications technology, local enterprise Blu5 View’s man-ga-inspired mascot, PipeComm Princess, stood out like
      PHOTOS: ARTHUR LEE  -  993 words
    • Article, Illustration
      Lock icon MPs give thumbs-up to Bill on haze pollution fines
      545 12  -  Govt to stick with the specified fines for now and review them if necessary YESTERDAY IN PARLIAMENT Reports by LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT MEMBERS of Parliament gave the thumbs-up yesterday to a new Bill that seeks to fine companies that cause
      FILE PHOTO  -  545 words
    • Article, Illustration
      Lock icon CPF can’t audit all employers: minister
      490 12 THE Central Provident Fund (CPF) Board managed to recover S$420 million last year in late payment, under-payment and non-payment of employer CPF contributions for more than 250,000 workers. This was revealed in parliament by Manpower Minister Tan ChuanJin in response to queries about the
      FILE PHOTO  -  490 words
    • Article, Illustration
      Lock icon Local startup to unveil first 3D bio-printer today
      247 12  -  It can create human tissue, medicine, dietary supplements By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT A SINGAPORE startup creates history today with the unveiling of its three-dimen-sional (3D) bio-printer, which can produce human tissue, bacterial colonies, dietary supplements and medicine for biomedical and life
      247 words
    • Article
      Lock icon MBS festival raises S$3.8m for charity
      347 12  -  By JAN LEE janlee@sph.com.sg MORE than S$3.8 million was raised last weekend during the Sands for Singapore Festival organised by Marina Bay Sands (MBS). The sum in this second edition of the event will go to more than 80 charities, which jointly help 300,000
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      85 10 This profile is the first of a series of features on the 16 finalists of the Emerging Enterprise Award 2014. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2014 recognises promising enterprises and startups which are up to 10 years old and have an annual
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      470 11 recipients of SME OF THE YEAR2014 m m W 31 n at ■a La Aces Essential Services Pte Ltd Ah Chang Motors Service Center Alkadri Express Transportation (S) Pte Ltd Alkalom eclat Ameroid Logistics (S) Pte Ltd Atrcz International Pte Ltd Augusta Landscaping Pte Ltd Avistarz Pte Ltd Buckaroo B.B.Q
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      2343 12 VIBRANT GROUP LIMITED Company Registration Number: *****0061G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Vibrant Group Limited will be held at 51 Penjuru Road #04-00, Freight Links Express Logisticentre, Singapore *****3, on Thursday, 21 August 2014 at 9:30 a.m. for the following
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Rising interest rates a threat to M’sia sukuk rally
      599 13 Bank Negara seen adding a further 25 basis points by the end of the year Bloomberg [KUALA LUMPUR] A six-month rally in Malaysian corporate sukuk is being threatened by rising interest rates and a narrowing premium to hold company debt over
      Bloomberg  -  599 words
    • Article
      Lock icon Higher palm oil output in Indonesia, Malaysia to cap prices
      577 13 But some worry about likely El Nino, tree stress in Malaysia Reuters [KUALA LUMPUR] Palm oil production in top growers Indonesia and Malaysia could pick up in the final months of this year, keeping a lid on prices, although some
      Reuters  -  577 words
    • Article, Illustration
      Lock icon Indonesia’s Q2 growth at 5-year low
      440 13 AFP [JAKARTA] Indonesian growth slipped to its slowest pace in almost five years in the second quarter, official data showed yesterday, highlighting the huge economic challenges facing president-elect Joko Widodo. South-east Asia’s top economy expanded 5.12 per cent year-on-year in the three months ended
      AFP; PHOTO: BLOOMBERG  -  440 words
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      289 13 A C&L&hraAxrTtj P fat/ fto^t Equinox Restaurant Cafe Swiss 7-Course Set Dinner National Day Buffet 9 August 2014* 7 9 August 2014 $185++ per person Lunch*: $49++ per person Additional $10++ per glass of National Day mocktail Dinner: $66++ per person Additional $20++ per glass of Moet Chandon Imperial $4.90++
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China’s July services PMI near 9-year low
      590 14 HSBC index falls to 50 after official PMI shows activity down to six-month low Reuters [BEIJING] Growth in China’s services sector slowed sharply in July to its lowest level in nearly nine years, a private sector survey showed yesterday, indicating a recovery in
      Reuters  -  590 words
    • Article
      Lock icon India holds rates on fears weak rains may push up prices
      387 14 AFP [MUMBAI] India’s central bank left interest rates unchanged yesterday, keeping a watchful eye on inflation as it waits to assess the impact of weak annual rains on food prices. After meeting in financial capital Mumbai, the Reserve Bank
      AFP  -  387 words
    • Article, Illustration
      Lock icon Pork producer WH Group jumps 7% on HK debut
      534 14 Second IPO attempt at lower valuation a hit with investors Reuters [HONG KONG] WH Group Ltd, the world’s biggest pork company, surged more than 7 per cent in its Hong Kong trading debut yesterday after sharply scaling back valuations in its
      Reuters; PHOTO: BLOOMBERG  -  534 words
    • Article
      Lock icon Government moves cap volume of home sales in HK
      468 14 Bloomb erg [HONG KONG] Hong Kong’s home sales, which hit a two-year high in July, lack the catalyst to rebound further as government policies to contain prices deter speculators, according to the city’s two-biggest property brokers. Monthly sales volume may be
      Bloomberg  -  468 words
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      26 14 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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      892 14 The Business Times NOTICES VAM FUNDS (LUX) Société d'Investissement à Capital Variable 26, avenue de la Liberté, L-1930 Luxembourg R.C.S. Luxembourg B 107.134 (the "Company") NOTICE OF AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF VAM FUNDS (LUX) (The “Meeting”) As the extraordinary general meeting of shareholders of VAM Funds (Lux)
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  • WORLD
    • Article, Illustration
      Lock icon Allure of US$195b US mobile market draws investors
      1100 15 France’s Xavier Niel, Japan’s Masayoshi Son are making a bid for T-Mobile Bloom berg [New York] T-Mobile US Inc is becoming billionaire bait even though it’s the smallest national competitor in a market where the vast majority of the population already has
      Bloomberg; PHOTO: AFP  -  1,100 words
    • Article
      Lock icon 3 Japan pension funds to follow govt lead
      825 15 They will mimic GPIF’s asset allocation changes Bloomberg [TOKYO] Where the world’s biggest pension fund goes, half a trillion dollars is set to follow. Three retirement managers for Japanese civil servants and private school teachers with 30.4 trillion yen (S$369.17 billion) will
      Bloomberg  -  825 words
    • Article
      Lock icon Canadians face probe for ‘theft of state secrets’
      493 15 Xinhua says couple ran coffee shop near border with N Korea Reuters [SHANGHAI] China is investigating two Canadians who ran a coffee shop on the Chinese border with North Korea for the suspected theft of state secrets involving military and national defence
      Reuters  -  493 words
    • Article
      Lock icon Eurozone business growth in July accelerates
      394 15 But deflationary pressure weighs on region Reuters [LONDON] Eurozone business expanded at the sec-ond-fastest pace in three years last month as a buoyant service industry offset a lacklustre performance in manufacturing, surveys showed yesterday. But resilient growth in the bloc’s major economies bar France
      Reuters  -  394 words
    • Article
      Lock icon Asset inflation hits the afterlife
      881 16 Architects, urban planners dream up new ways to dispose of human corpses as land for graves in big cities gets scarce and too pricey Bloomberg [NEW YORK] Even in death, you can’t escape the property bubble. From New York to London, growing populations are competing
      Bloomberg  -  881 words
    • Article, Illustration
      Lock icon US companies commit US$14b of investments in African countries
      725 16 Africa forum aims to deepen US economic role in the continent Bloomberg [WASHINGTON] President Barack Obama was set to announce later yesterday US$14 billion in commitments from US companies for investments in Africa, a centrepiece of his goal of strengthening commercial
      Bloomberg  -  725 words
    • Article, Illustration
      Lock icon Philippine inflation in July hits 3-year high
      636 16 Reuters [MANILA] Philippine annual inflation accelerated to near three-year highs last month, raising expectations of a further interest rate hike as early as next month a prospect reinforced by the central bank governor’s comments after yesterday’s data. Governor Amando Tetangco warned that the
      Reuters; PHOTO: AFP  -  636 words
    • Article
      Lock icon Apple buybacks most profitable over 4 months
      931 16 Bloomberg [NEW YORK] With Apple Inc’s repurchases staking a claim as the most profitable on record, buybacks remain one of America’s most popular antidotes to bears. The iPhone maker is up 25 per cent since it spent US$18 billion on its own shares
      Bloomberg  -  931 words
    • Article, Illustration
      Lock icon Investors ‘making wrong bet on Fed tightening’
      825 17 They may be placing too much weight on FOMC’s statement: Richmond Fed chief Bloomberg [NEW YORK] Investors may be underestimating the pace at which the Federal Reserve will raise interest rates over the next two years, said Jeffrey Lacker, president of the Federal
      Bloomberg; PHOTO: AFP  -  825 words
    • Article, Illustration
      Lock icon EC pressures Bulgaria to solve bank crisis
      1154 17 With caretaker govt in place a quick fix is unlikely for KTB NYT [NEW YORK] Pressure is building on Bulgaria to deal with its worst banking crisis since the 1990s as the European Union and international investors have issued warnings about the fate
      NYT; PHOTO: REUTERS  -  1,154 words
    • Article
      Lock icon AIG profit rises, beats estimates
      481 17 Strong performance across its major ops behind 12.5% jump Reuters [NEW YORK] Insurer American International Group Inc (AIG) reported a bet-ter-than-expected 12.5 per cent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing unit.
      Reuters  -  481 words
    • Article
      Lock icon Leveraged loan review is a relief for Wall St banks
      523 18 Reuters [NEW YORK] Wall Street banks have found a US review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses. The Office
      Reuters  -  523 words
    • Article
      Lock icon Services sector and factory output post solid growth
      601 18 ISM non-mfg index rises to 58.7 in July; factory goods orders in June up 1.1% LATEST US DATA Reuters Bloomberg [WASHINGTON] US services sector activity hit an 81/2-year high last month and factory orders surged in June, bolstering expectations of solid economic
      Reuters; Bloomberg  -  601 words
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      Lock icon Telefonica bids for Vivendi’s broadband unit
      673 18 It is seeking to strengthen position in Brazilian market Reuters [PARIS] Spain’s Telefonica has made a 6.7 billion euro (S$ 11.19 billion) bid to France’s Vivendi for its Brazilian broadband unit GVT, seeking to strengthen its position in a market that accounts for one-fifth
      Reuters; PHOTO: REUTERS  -  673 words
    • Article, Illustration
      Lock icon BlackBerry closes chapter on restructuring
      444 18 Reuters [TORONTO] BlackBerry Ltd has concluded a protracted and painful restructuring process and is back on a growth footing, according to an internal memo to all its employees viewed by Reuters. “We have completed the restructuring notification process, and the workforce reduction that began three
      Reuters  -  444 words
    • Article, Illustration
      Lock icon Court lets F1 boss pay US$100m to end bribe trial
      680 18 AFP [MUNICH] A German court ruled yesterday that Formula One tycoon Bernie Ecclestone can pay a controversial US$100 million settlement to end his trial on bribery charges. In a move that will likely see him stay at the helm of
      AFP; PHOTO: REUTERS  -  680 words
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      103 15 3 OFFICE FLOORS NEAR TANJONG PAGAR MRT Single or multiple floor purchase Strata area 5,210 to 16,060 sqft Regular and column-free layout High floor. Excellent views Plenty of carpark lots Expression of Interest Closing: Tuesday, 21 August 2014, 3pm For Further Information, Please Call: CLEMENCE LEE 9724 2939 CEA Reg.
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      31 15 i/v/V $1.6 MILLION Estimated Draw on Thu, 7 Aug 2014 at 6.30pm For details, visit www.singaporepools.com.sg p V(i) Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G
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  • Transport HUB
    • Article
      Lock icon Dealing with fallout from social media
      625 19  -  Training firm Videotel promises simple solutions against inappropriate use by shipboard personnel STRAIT TALK By DAVID HUGHES COUPLE of years ago, I was in charge of a vessel taking young people on a sea experience trip. To my surprise, the first thing that happened
      625 words
    • Article, Illustration
      Lock icon US west coast ports headed for possible strike, shutdown
      879 19 Now out of contract, longshoremen free to join picket lines Bloomberg [SAN FRANCISCO] For executives at the ports of Los Angeles and Long Beach, the 120 disgruntled truck drivers who picketed for five days last month proved to be little more
      Bloomberg; PHOTO: BLOOMBERG  -  879 words
    • Article
      Lock icon China plans to build more LNG tankers
      733 19 Reuters [SINGAPORE] Chinese shipyards are aiming to take some US$10 billion in orders for new LNG tankers over the rest of the decade, part of a plan to restructure the country’s ailing shipbuilding sector and secure China’s energy supply chain. The push to
      Reuters  -  733 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 19 SGX '000 Aug 05 S$ +/-Vol Ch Offshore 0.49 0.01 111 Chuan Hup Hldg 0.29 -0.01 247 Cosco Corp 0.70 -0.01 1236 Cwt Limited................1.69 -0.01 944 First Ship Lea 0.09 unch 103 Grand Banks 0.27 unch 15 Jaya Hold Ltd 0.01 K1Ventures.................0.21 0.01 182 Keppel Corp 10.89 0.09
      242 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Airbus has 705 net orders in Jan-July period
        569 20 Reuters [PARIS] Airbus overtook Boeing in unadjusted aircraft orders for 2014 after last month’s Farnborough Airshow, but continued to lag its US rival when taking into account cancellations, company data showed on Monday. The Airbus Group planemaking subsidiary won 980 aircraft orders
        Reuters; PHOTO: AFP  -  569 words
      • Article
        Lock icon June airfreight volume up 4.9% for Asia-Pacific
        473 20  -  Iata report shows global figures registering a lower 2.3% rise By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Asia-Pacific airlines’ freight volume grew 4.9 per cent year on year in June, outstripping the broader industry which chalked up growth of 2.3 per cent, as the
        473 words
      • Article
        Lock icon Hacker to reveal cyber-attack risks to planes
        740 20 Presentation on how jets’ communications gear can be hacked Reuters [BOSTON] Cybersecurity researcher Ruben Santamarta says he has figured out how to hack the satellite communications equipment on passenger jets through their Wi-Fi and inflight entertainment systems a claim that, if confirmed, could
        Reuters  -  740 words
      • Article
        Lock icon Emirates scraps West African route in response to Ebola
        455 20 Rival carriers still flying with heightened medical checks Bloomberg [DUBAI] Emirates, the world’s largest airline by international traffic, is going it alone in scrapping a West African route in response to the deadly Ebola outbreak as rival operators keep flying with
        Bloomberg  -  455 words
      • Article
        Lock icon Moscow curbs likely on EU’s trans-Siberia flights
        244 20 Reuters [MOSCOW] Russia may impose restrictions or a ban on European airlines using trans-Siberian routes, raising the cost of their flights to Asia, in response to European Union (EU) sanctions over Ukraine, the business daily Vedomosti reported yesterday. Russian low-cost airline Dobrolyot, run
        Reuters  -  244 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Subprime motor loan sector in America under probe
        1003 21 GM Financial served subpoena for documents on loan contracts since 2007 NYT [NEW YORK] Federal prosecutors have begun a civil investigation into the booming business of subprime motor lending, focusing on the packaging and selling of questionable loans to investors. The inquiry
        NYT; PHOTO: REUTERS  -  1,003 words
      • Article
        Lock icon Poor supplier relations cost US carmakers billions
        405 21 Bloom berg [SOUTHFIELD, Michigan] The six largest US carmakers in the US could have earned US$1.4 billion more last year if they had improved their relationships with suppliers, a study shows. The carmakers would have received such benefits as more advanced technology and
        Bloomberg  -  405 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      310 20 CRYPTIC CROSSWORD Across 1 Budget holiday planning at any cost must include Italy (10) 6 Tea, say, with small Scottish dainty (4) 9 Go with lad for thrills (5,2) 10 Let off the hook, sailors love getting drunk (7) 12 Addition to bill from mass accusation? (7,6) 14 Symbolic tale
      310 words
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  • Page 21 Advertisements
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      80 21 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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  • SINGAPORE CORPORATE AWARDS
    • Article, Illustration
      Lock icon Champions of good governance
      1044 22  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT THE creme de la creme in the world of corporate governance were recognised at the annual Singapore Corporate Awards given out at the black-tie dinner on July 15. Sembcorp Industries won a hat-trick, bagging the Best CEO, Best Managed Board and
      Photos by: JOHN HENG  -  1,044 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon China’s anti-corruption drive looks sincere
      495 24 EDITORIAL THE anti-corruption drive launched by China’s leader Xi Jinping moved into high gear last week with the stunning revelation that China’s one-time security tsar and a former member of the Standing Committee of China’s Politburo Zhou Yongkang is under investigation for “serious disciplinary violations”.
      495 words
    • Article
      Lock icon Some don’ts and dos to strengthen your brand
      754 24  -  THE BOTTOM LINE By DOMINIQUE TURPIN The writer is the Nestle professor and president of IMD. He co-directs IMD’s Orchestrating Winning Performance programme MARKETERS are living in turbulent times. Technology is disrupting entire industries, from hotels (look at Airbnb) to tobacco (e-cigarette,
      754 words
    • Article, Illustration
      Lock icon Infrastructure finance getting more Asia-centric
      1075 24  -  The NDB and the AIIB are transforming the West-dominated global financing scene By WOO JUN JIE, SUVI DOGRA The writers are, respectively, a Postdoctoral Research Fellow at the Singapore University of Technology and Design, and Research Officer for the Geo-economics Strategy programme at the International
      PHOTO: AFP  -  1,075 words
    • Article, Illustration
      Lock icon Has global finance finally been tamed?
      940 25  -  A lot has been done to reform the global financial architecture, but more remains to be done Unlike the 2001 default which shook the world, last week’s Argentinian default has had more muted impact and bondholders are sanguine. Has global finance finally been tamed?
      PHOTO: REUTERS  -  940 words
    • Article, Illustration
      Lock icon It’s time to adjust old Mid-East perspective to new realities
      859 25  -  LEON HADAR Washington Correspondent FOR those who follow world affairs, the notion of what is known as the Middle East has been shaped by the history of more than 100 years of foreign intervention in a region that includes the
      859 words
    • Article
      Lock icon Mercosur remains an irrelevant talk shop
      1063 25  -  By ANDRÉS VELASCO The writer, a former finance minister of Chile, is a visiting professor at Columbia University WHEN the leaders of Mercosur met in Caracas last week, the usual bluster about standing up to imperialism filled the air. But so did the unmistakable
      1,063 words
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  • Article
    Lock icon SHIPPING TIMES
    2098 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 THE
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      54 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? The
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      Lock icon Page 27 Advertisements Column 1
      109 27 Shipping lines seeking reliable Can they find your services here in the Shipping Times? TT5 TO ADVERTISE, CALL JOE WONG AT *****327 The Business Times MIL UUJIMLJJ IIIVILJ Shipping Ms Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Refurbishment, Award Wins Certifications, Corporate
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4478 28 Transaction date: Aug 5 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 Company Last Sale 97.5 69 ABR 20 5.1 A-Sonic Aero (’000) High Low Buyer Seller Div Gr Yld C'vr 13.7
      4,478 words
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      Lock icon SGX CATALIST
      436 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 32.5 23 t 3Cnergy 500 Last Vol Day 1.9 0.9 t Advanced Systems 0.9 unch 1084 0.9 0.9 0.9 1 17.5 Last Quote Div
      436 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10587 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Aberdeen Asset Mgt Asia Limited 1.59/ APS Alpha Fund (USD)' 1.27/ Aberdeen Asset Mat Asia Limited American Qdq Asian local Ccy SD Bond 0 9862/ 2 0745/ China Opportunities USD!** Global Emerging Markets
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      Lock icon GLOBALQUOTE
      248 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 4 0.7 OGL Resources A$ A1.7 unch 20 1.7 1.7 1 1.6 0.3 343 250 TanChongInt HK318 -2 48 320 318 318 320 9.7 3.3 3.1
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    • Article
      Lock icon SGX ETF
      1121 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.2 +0.1 116.2 116.2 116 116.2 530.4 135.5 119 CIMB APAC Div 100S$D 135 +0.4 10 135.2 135 134 135.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      664 30 Aug 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.87 *****.32 *****.84 Sep14 *****.00 *****.00 *****.00 *****.00 *****0 *****1 Dec14 *****.00 *****.00 *****.00 *****.00 3 ***** MSCI TAIWAN INDEX FUTURES SPOT 335.83 335.85 328.54 Aug14 332.90 333.60 325.90 326.50 ***** *****8 Sep14 332.40
      664 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Aug 4 Index Change Change Change Change Change Change World Preliminary 1215.9 -0.1 2.6 -0.2 1.2 -0.1 2.5 EAFE Preliminary 954.7 -0.3 -0.2 -0.3 -1.5 -0.3 -0.2 Europe Preliminary 1351.2 -0.2 -0.3
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 Aug 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.020 5.763 0.696 7.235 56.712 109.180 0.958 9.599 2.975 1.095 92.235 40.668 1.162 9.927 0.847 28.020 29.973 0.554 0.934 Canada 0.981 5.651
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    • Article
      Lock icon SIBOR
      37 30 Aug 5 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 30 Aug 5 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-19 105.87 106.00 105.95 10-Year NY*****H 3.000 01-Sep-24 105.05 105.35
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    • Article
      Lock icon PRECIOUS METALS
      120 30 Aug 05 GOLD(US$/oz) Aug 05 Aug 04 Hong Kong 1297.00 1297.00 Aug 04 Aug 01 London 1288.25 1294.32 1289.15 1295.07 Source: Thomson Reuters CAST BAR Aug 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 310 256 10gm 578 514
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    • Article
      Lock icon PALM OIL
      59 30 Aug 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2321.0 2328.0 2329.0 2315.0 172 1657 Sep 14 2301.0 2289.0 2303.0 2278.0 1751 ***** Oct 14 2278.0 2254.0 2280.0 2248.0 ***** ***** Nov 14 2274.0 2253.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 30 Aug 5 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1618 1.1623 0.9335 0.9337 Canadian dollar 1.1391 1.1398 0.9157 0.9152 Euro 1.6686 1.6692 1.3407 1.3409 NZ dollar 1.0606 1.0611 0.8522 0.8524 Sterling pound 2.0975 2.0981
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    • Article
      Lock icon CHICAGO BOT
      109 30 Aug 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1232.50 1215.00 1235.75 1210.00 Sep 14 1095.25 1073.50 1096.00 1068.50 Nov 14 1079.50 1058.50 1081.00 1054.00 Jan 15 1088.00 1066.75 1089.50 1062.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 30 Aug 4 COCOA (£/tonne) Close Prev High Low Sep 14 2013 2014 2038 2010 Dec 14 1987 1988 2011 1985 Mar 15 1943 1944 1962 1941 May 15 1928 1930 1945 1924 COFFEE(US$/tonne) Close Prev High Low Sep 14 2007 2097 2080 2005 Nov 14 2008 2093 2075 2006
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      929 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 320 0.3 1 -57 3.82 47 Asia-Pacific Strategic W*****6 3.9 0.1 ***** 1 2 57 Ratio Exer Ascendas REIT MB eCW*****3 2.4 0.2 230 3 Asiatic
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Aug 04 Aug CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.53 1.02 WTI (Near Mth) 98.58 1.03 Dubai (1-Mth F) 103.79 -0.31 Tapis blend 107.25 -0.67 Minas 102.95 -0.67 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.39 -0.78 Jet Kerosene 118.34 -0.40 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Aug 5 S$ Bid Offer 1-month 1.2446 1.2448 2-months 1.2446 1.2448 3-months 1.2445 1.2448 6-months 1.2444 1.2446 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 30 Aug-04 Aug-04 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2013.75 1962.50 3 months 2029.00 1975.00 Copper, Grade A(US$/tonne) Cash 7133.50 7088.50 3 months 7130.00 7074.50 Lead(US$/tonne) Cash 2269.50 2212.75 3 months 2279.00 2220.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Aug 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.189 1.133 Can dollar 1.163 1.119 Euro 1.711 1.630 Sterling pound 2.141 2.059 NZ dollar 1.086 1.045 US dollar 1.271 1.211 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 30 Aug 5 $S Offer Bid 0vernight 0.03 0.01 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.01 US$ 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 31 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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  • executive Money
    • Article, Illustration
      Lock icon Golden times for equity investors
      1016 32 With strong earnings, growing economy and low interest rates, many expect bull market to go on NYT TWO decades ago the notion of a Goldilocks economy was very much in vogue. It was a snappy way of saying that the economy was growing at a
      NYT; REUTERS PHOTO, ST FILE ILLUSTRATION  -  1,016 words
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      Lock icon India’s fixed income sector evolving
      858 31  -  Faster growth through reforms and market liberalisation likely under new government MONEY MATTERS VIKTOR HJORT The writer is head of Asia Fixed Income Research, Morgan Stanley INDIA’S decisive election outcome has created the potential for further structural reform that could result in a near 7
      Source: Morgan Stanley Research estimates, Haver Analytics; Source: Haver Analytics, Morgan Stanley Research forecasts; PHOTO: AFP; Source: Bloomberg, Morgan Stanley Research estimates  -  858 words
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      Lock icon KL’s rate-hike outlook makes ringgit best carry-trade bet
      931 31 Economists see BNM boosting rates to 3.5% by year-end Bloomberg [SINGAPORE] The odds that Malaysia’s central bank will increase borrowing costs at least once more this year are providing Asia’s best carry-trade returns in the ringgit. Trades in which investors borrow in
      Bloomberg; PHOTO: BLOOMBERG  -  931 words
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      Lock icon Page 32 Advertisements Column 1
      430 32 ssasS <5 x Allianz Income and Growth 3-in-1 Investment Strategy for the US Market Score multiple income and growth opportunities through the combination of: US High-Yield Bonds Potential low default rate and stable income US Convertible Bonds Upside participation and less downside volatility US Equities/Equity Securities Potential capital appreciation and
      430 words