The Business Times, 8 August 2014

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Microfilm: NL33221
Total Pages: 37
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Friday, August 8, 2014
    25 words
  • Article, Illustration
    Lock icon Global recovery filtering through to S’pore firms
    904 1  -  BT-UniSIM Business Climate poll shows businesses more sanguine about H2 prospects By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] The global economic recovery while still uneven is slowly being felt here, going by the leading indicators of the latest BT-UniSIM Business Climate Survey. Business activity
    Source: BT-UniSIM Business Climate Survey  -  904 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,314.22 (-6.01) HST INDEX FUTURES 3,292.00 (-7.00) HSIMSCI 378.19 (-0.67) GSIMSCI FUTURES 375.70 (+0.30) US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.684 2.108 EURO (US$/S$/€ 1.337 1.674 Foreign currency per US$ S$ YEN 102.30 81.70 RM 3.213 2.566 HK$ 7.751 6.191 BAHT 32.30 25.80 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,867.32 -2.60 NIKKEI 225 15,232.37 +72.58 HANG SENG 24,387.56 -196.57 SET INDEX 1,522.27 -0.14 JAKARTA COMP 5,066.98 +8.75 MANILA COMP 6,955.21 +6.24 SEOUL COMP 2,054.51 -6.22 SHENZHEN B 935.39 -0.26 MUMBAI IND 25,589.01 -76.26 12 noon EDT Change DOW 16,401.15 -42.19 NASDAQ 4,348.99 -6.06
      49 words
    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 15.092 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
      18 words
  • Article, Illustration
    Lock icon Sanctions over Russia-Ukraine clash take their toll
    786 1  -  Markets winded despite continued easy money in the US and Europe By NEIL BEHRMANN in London THE economic sanctions and counter-sanctions over the Russia-Ukraine conflict continue to weigh on markets, despite the continuation of easy money in the US and Europe. The European
    Source: www.tradingeconomics.com, Germany Department of Treasury  -  786 words
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      94 1 OPINION Xi, Abe could face off at Apec summit in Nov PAGE 25 EXEC LIFESTYLE George Town Festival in Penang PAGE 38 NATIONAL DAY 2014 A bright future PAGES 15-21 PROPERTY BT Property Classifieds PAGES 26, 27 8 "8 *****"*****4 B V LG A R I OCTO Details make perfection,
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  • TOP STORIES
    • Article, Illustration
      Lock icon Income inequality narrowing in Singapore: MOF report
      840 2  -  Lower- and middleincome groups earn more but productivity growth still a concern B)’. VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT [SINGAPORE] There has been a steady increase in the real incomes of lowand middle-income Singaporeans in the last five years at both the individual and household
      Source: Department of Statistics  -  840 words
    • Article, Illustration
      Lock icon BoA offers over US$16 billion in federal deal
      665 2 This would be the biggest settlement in corporate US history NYT [NEW YORK] After months of lowball offers and heels dug in, it took only 24 hours for Bank of America (BoA) to suddenly cave in to the government, agreeing to the
      NYT; PHOTO: AFP  -  665 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      422 2 Companies feel global recovery’s effect THE global economic recovery is slowly being felt here, going by the leading indicators of the latest BT-UniSIM Business Climate Survey. FRONT PAGE Russia sanctions weigh on markets THE economic battle with Russia and Ukrainian and Middle Eastern conflicts continue to weigh on
      422 words
    • Article
      Lock icon MAS plans to suspend its share trading today
      517 2 [KUALA LUMPUR] Malaysia Airlines (MAS) plans to suspend its shares from trading today, two sources familiar with the situation said, likely paving the way for state investor Khazanah Nasional to take the airline private as a first step in a major restructuring.
      517 words
    • Article, Illustration
      Lock icon Fernvale tenders reflect drop in market confidence
      803 4  -  Chip Eng Seng-led consortium tops bids for adjacent private housing sites By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] The latest state land tender for a pair of adjacent private housing sites in Fernvale Road in Sengkang showed a thinning in tender participation rates as
      803 words
    • Article, Illustration
      Lock icon HDB resale flat prices dip for 6th straight month: SRX
      451 4  -  By LEE MEIXIAN By leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] As expected, HDB resale flat prices fell again for the sixth straight month to hit a low not seen since February 2012, going by figures from the Singapore Real Estate Exchange (SRX). Prices
      Source: SRX  -  451 words
    • Article, Illustration
      Lock icon Baxter unveils biologics facility
      552 4  -  It plans to add a second production suite and have 450 employees by 2015 By JAN LEE janlee@sph.com.sg [SINGAPORE] American healthcare company Baxter yesterday declared open its first biologics facility in Asia here. And even as it officially opened the 14,000-sq-ft plant in Woodlands Industrial Park,
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  552 words
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      224 words
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      91 3 Mij rtovffiA S)/[y S/rtgAf>ores S s I 7u w Hi S m j* ►T L >»* m Happy 49th Birthday Singapore! This year, the National Day Parade intends to celebrate the can-do attitude and caring spirit of our people. Here at novita, we live by the same traits and continuously
      91 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Banks seen relying more on wholesale funding
      355 5  -  Loan-deposit ratio at UOB hits 100% as retail funding shrinks from a quarter earlier By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT GIVEN shrinking deposits from a quarter ago, the three homegrown lenders are expected to rely more on the wholesale market to fund their operations,
      Source: Credit Suisse  -  355 words
    • Article
      Lock icon Asset recycling strategy a fillip for Hyflux
      440 5  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT HYFLUX’s net profit for the second quarter ended June jumped from S$17.7 million to S$61.4 million even as revenue dropped 42 per cent, from S$138.4 million to S$80.6 million. This was due to a surge in “other income”
      440 words
    • Article
      Lock icon Finance costs drag Gallant into the red in Q2
      297 5  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT A MORE than doubling of finance costs, from S$15.3 million to S$36.8 million, dragged Gallant Venture into the red in the second quarter despite revenue dipping just one per cent to S$554.3 million. Gallant Venture, which
      297 words
    • Article
      Lock icon Poor showing by NOL’s liner business hits Q2
      606 6  -  Group continues its focus on making gains at the operating level By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT NEPTUNE Orient Lines (NOL) posted a second-quar-ter net loss of US$53.7 million, 55 per cent worse than the US$34.6 million loss it incurred last year, owing
      606 words
    • Article
      Lock icon Revenue surge swells CWT’s Q2 earnings
      573 6  -  Group unveils plans for a mega logistics facility By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT MAINBOARD-LISTED logistics group CWT Ltd reported a robust second-quarter performance yesterday, while also unveiling plans to build a new mega logistics facility. CWT said its net profit attributable to shareholders for
      573 words
    • Article
      Lock icon Noble’s Q2 profit up 5% as volumes rise
      470 6  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT NET profit for Noble Group rose 5 per cent to US$65.8 million for the second quarter on the back of larger volumes even as the group continues to transform itself into an asset-light firm through partnerships across
      470 words
    • Article
      Lock icon Wilmar squeezed by poorer margins, associates’ losses
      399 6  -  By CLAIRE HUANG huangjy@sph.com.sg LOWER margins and losses from associates dented Wilmar International’s sec-ond-quarter bottomline. Wilmar, Asia-Pacific’s biggest listed agricultural products company, posted a 21.9 per cent drop in net profit to US$170.7 million for the three months ended June, from US$218.5 million
      399 words
    • Article
      Lock icon Design Studio Q2 profit soars on stronger margins
      238 6  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT DESIGN Studio Group, a furniture maker, yesterday posted a 50 per cent boost in net profit for the second quarter, thanks to stronger profit margins that came amid lower sales. But it expects the operating environment to
      238 words
    • Article
      Lock icon Indonesian meat, dairy producer launches Singapore IPO
      683 9  -  Japfa plans to use S$187.3m net proceeds to develop China dairy business By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT IN spite of the decision by Samudra Energy to pull the plug on its initial public offering (IPO), Indonesian meat and dairy producer Japfa Ltd is
      683 words
    • Article
      Lock icon FCL on track to acquire Australand
      324 9 Bloomberg FRASERS Centrepoint Ltd (FCL) is on track to complete its biggest acquisition after more than half of Australand Property Group shareholders accepted the Singapore company’s takeover offer, according to two people familiar with the matter. Frasers has received enough acceptances from the Australian
      Bloomberg  -  324 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hotel Properties Q2 net profit dives
        51 9 HOTEL Properties yesterday posted an 81 per cent plunge in second-quarter net profit to S$7 million, due to a sharp fall in share of profits from associates. This was due to lower profits from The Interlace condominium development, which was completed in September last
        51 words
      • Article
        Lock icon Hiap Hoe warns of net loss in second quarter
        63 9 PROPERTY developer Hiap Hoe warned yesterday that it would record a net loss in the second quarter of the year. This is due to the stamp duty expense from the acquisition of Australian property; lower sales revenue; and recognition of non-controlling
        63 words
      • Article
        Lock icon YHS Q2 earnings drop 82% to S$5.2m
        58 9 YHS posted an 82 per cent drop in net profit to S$5.19 million for the second quarter due to lower revenue and smaller fair value gains from the disposal of available-for-sale financial assets. Revenue fell 24 per cent to S$112 million, given lower
        58 words
      • Article
        Lock icon China XLX Fertiliser to delist on Aug 12
        24 9 CHINA XLX Fertiliser said yesterday it will be delisted on Aug 12, following a privatisation exercise.
        24 words
    • Article
      Lock icon Saudi operations lift Vallianz Q2 bottom line
      440 9  -  Group upbeat on Mid-east and other emerging markets By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT VALLIANZ Holdings posted a surge in its second-quar-ter net profit yesterday to US$5.3 million, from US$1.9 million a year ago, boosted by its Saudi Arabian operations. The strong bottomline performance
      440 words
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      Lock icon Page 5 Advertisements Column 1
      262 5 Interim Results 2014 (IncorporatedinBermudawithlimitedliability) DearShareholders (Unaudited) (Unaudited) Sixmonthsended Threemonthsended 30June2014 30June2013 30June2014 30June2013 US$million US$million US$million US$million TheBoardofDirectorsofNobleGroupLimitedispleasedto presenttheunauditedconsolidatedfinancialresultsforthe firstsixmonthsandsecondquarterof2014,togetherwith thoseofthecorrespondingperiodsof2013. Revenue for the first six months 2014 totalled US$41.5 billion, an increase of 3% over the prior year’s period; while second quarter 2014 revenue of US$23.6 billion represents an
      262 words
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      169 6 S3 I STPROPERTY INVEST REBATE RM8.888 to first 8 property purchasers 13St HURRY NOW, 2 DAYS until the end of Early Bird rates SEMINAR TOPICS SPEAKERS 1* Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong Senior Director (Research Consultancy), Savills Penang Second Bridge Mainland
      169 words
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      39 6 PabienbCare 2014 12-14 August 2014 Sunway Pyramid Convention Center, Malaysia SBl tort I 4ft S>4 a im p 1 k J\- ,i K1 r* To register, contact Lily at +65 6848 5372 or email at lily@sphereconferences.com www.mypatientcare.sphereconferences.com Organised by
      39 words
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      1032 7 INITIAL PUBLIC OFFERING V' •V W rs n A I JAFFA m <35l mi -3 m V FE&3 rg r-~ 1 .iGEmMz r JJ J’ PAKAN KUAII7AS PHIMA ?E0 BE5X Q ,v (ggigafe ;E> RUMBLE PAKANIKAN PPI CT knuMft OOCCOKCUi >. i r 18 v a ET T_-\ lele f"
      1,032 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Jardine stable, DBS lead STI losses
      563 8  -  Wall Street’s unsteady showing dampens market sentiment in Singapore and the region STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent PRESSURE on the Jardine group and DBS yesterday pulled the Straits Times Index (STI) down by 6.01 points to 3,314.22 in a weak session for
      Source: Bloomberg  -  563 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 7 VALUE CLOSE BT OB/OS -914.00 -106.00 BT CADI -*****.00 -70.00 BT 10-day MA -*****.00 -91.00 FTSE ST Mid Cap 772.36 -0.02 FTSE ST Small Cap 550.32 -0.48 FTSE ST All Share 805.49 -1.17 FTSE ST China Top 196.07 +0.01 FTSE ST China 226.08 +0.64 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 2 0 0 0 4 8 2 Manufacturing 34 68 44 6 13 11 40 81 55 Commerce 17 25 15 5 7 5 22 32 20 Tpt/Stor/Comms 11 16 10
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      869 8  -  Compiled by VEN SREENIVASAN Sembcorp Industries Aug 7 close: S$5.34 OSK-DMG Research, Aug 7 SEMBCORP Industries reported Q2 2014 profit after tax and minority interests (Patmi) of S$179 million (-3.1 per cent q-o-q, +8.3 per cent y-o-y), at 45 per cent of our FY2014 forecast, and declared a
      Source: Bloomberg  -  869 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,564 17,564 64,787 64,787 Manufacturing 323,815 294,693 618,508 168,316 10,519 178,835 Commerce 84,703 68,198 152,901 89,245 4,644 93,889 Tpt/Stor/Comms 186,799 772 187,571 186,963 89 187,053 Finance 22,557 2,457 25,014 187,565 820 188,385 Construction 37,779 90,841
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      123 8 Stock name Close Change Ascendas Reit 2.310 +0.020 CapitaLand 3.380 +0.010 CapitaMall Trust 1.975 +0.020 CityDev 10.12 +0.090 ComfortDelGro 2.570 -0.020 DBS Grp 18.14 -0.230 Genting Sing 1.310 -0.010 Global Logistic 2.740 +0.030 Golden Agri-Res 0.530 -0.005 HPH Trust USD 0.685 -0.010 HongkongLand USD 6.840 +0.030
      123 words
    • Article, Illustration
      Lock icon Yen slips on pension fund’s stock shift
      513 8 CURRENCIES Reuters [LONDON] The yen sagged against the US dollar yesterday, coming under pressure from news that Japan’s public pension fund plans to increase its allocation to the domestic stock market. The dollar rose 0.3 per cent to 102.40 yen, pulling away from
      Reuters; PHOTO: REUTERS  -  513 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME Polaris 149,891,000 HPH Trust USD 103,169,000 IHC 86,771,000 Cedar Strategic 80,449,000 Charisma Energy 73,082,000 OLS R 61,788,000 CCM Group W*****0 58,159,000 MDR 50,509,000 ThaiBev 46,874,000 Advance SCT 40,200,000 VALUE($) DBS Grp 87,980,170 HPH Trust USD 87,976,510 OCBC Bank 57,391,450 CapitaLand 36,411,440 Noble 33,901,700 UOB 33,581,920 SingTel
      60 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP GLD 10US$ ***** 157.7 1.0 SPDR DJIA 10US$ ***** 97.6 0.5 SPDRS S&P 500 10US$ ***** 96.4 0.4 DBXT iBoxxSvEu 5US$ ***** 83.9 0.2 DBXT AUD Bonds 5AU$ ***** 74.2 0.3 DBXT MSJAP 10US$ 4670 55.1 1.0 DBXT E50 10US$ 5109 27.5 0.4 DBXT EONIA
      118 words
    • Article
      Lock icon FALLS
      130 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -167.7 -1.0 DBXT AUDCS 5US$ ***** -115.2 -0.5 Jardine C&C 4497 -99.0 -2.2 JMH 400 USD 5852 -72.6 -1.0 DBXT iBoxxKR 5US$ ***** -71.4 -0.4 DBXT Nifty 10US$ ***** -65.1 -0.4 DBXT AUDCS 5SG$ ***** -60.0 -0.2 DBXT MSKorea 10US$ 6475
      130 words
    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 8 DAILY
      4 words
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      607 9 Advance Your Career With Great Leadership, Networking And Higher Productivity Skills Who should attend: Sales, marketing and working professionals; supervisors, managers, team leaders and other general managers; executives; business owners, and anyone who wishes to achieve higher success in their career. Productivity ar >d Innovation Credit (P/q Claimable 201 4
      607 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Great Eastern launches credit card for health
      358 10  -  By CAI YONG caiyong@sph.com.sg LIFE insurance company Great Eastern yesterday launched a health and wellness credit card, which it says is the first of its kind in Singapore. Great Eastern, a part of the Oversea-Chinese Banking Corporation (OCBC) group, said that its OCBC
      358 words
    • Article, Illustration
      Lock icon S’pore startup’s deft touch makes working on PC easier
      480 10  -  Touch+ from Ractiv turns any surface into a multi-touch one to control computer functions By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT REMEMBER working on those pesky Excel sheets, and having to constantly move your hands between the keyboard and mouse (or trackpad)? How
      480 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Precautionary measures against Ebola
        89 10 ALTHOUGH the Ebola outbreak in West Africa poses a low public health risk to Singapore at this point, the Ministry of Health is putting in place precautionary measures to enhance public awareness and encourage travellers to seek timely treatment. It advises travellers showing symptoms of the
        89 words
      • Article
        Lock icon STB revokes licence of Ho Wah Travel
        70 10 THE Singapore Tourism Board has revoked the travel agent licence of Ho Wah Travel Pte Ltd with effect from Wednesday. The agency’s licence was revoked as it has ceased to carry on the business of a travel agent and has started the process
        70 words
    • Article
      Lock icon Deloitte enters SEA Games with S$5m
      282 10  -  By AMANDA EBER aeber@sph.com.sg DELOITTE has pledged more than S$5 million in cash and kind to the 28th SEA Games, after being appointed as the official professional services partner for the Games in a ceremony yesterday. Deloitte will provide advisory, assurance and consulting services
      282 words
    • Article, Illustration
      Lock icon Green is the theme at this interior design firm
      944 10  -  Sky Creation believes its focus on environmental consciousness will be an asset in its overseas expansion, says NG ZHUO YANG NG ZHUO YANG SKY Creation is an interior design consultancy which has, since its inception in 2008, evolved into a multi-discipli-nary
      PHOTO: ARTHUR LEE  -  944 words
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      85 10 This profile is the third 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
      85 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Jakarta bourse urges more IPOs from SOEs
      424 11 Bloomberg [JAKARTA] Indonesia’s stock exchange chief has said that President-elect Joko Widodo should encourage more state-owned companies to sell shares to help achieve his goal of lifting the nation’s economic expansion to the quickest pace in a decade. “If the government wants to
      Bloomberg  -  424 words
    • Article
      Lock icon Foreign ownership of Indonesian govt bonds hits record high
      233 11 Reuters [JAKARTA] Foreign ownership in Indonesian government bonds reached a record high this week, according to data from the finance ministry, as South-east Asia’s largest economy benefits from an increasing flow of global funds to emerging markets. The data showed that
      Reuters  -  233 words
    • Article
      Lock icon BToto’s overseas buys make it a dividend play, say banks
      556 11  -  Acquisitions abroad non-gaming ones also boost M’sian NFO’s prospects By S JAYASANKARAN in Kuala Lumpur IMAGINE, if you will, a firm with relatively stable (if unspectacular) earnings and a dividend yield that touched 7 per cent after the close of
      556 words
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      1759 11 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices HI2I S i2i LIMITED (formerly Spice 121 Limited) (Incorporated in the Republic of Singapore) (Company Registration No. *****4568R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China seen delaying plans to free up yuan
      877 12 Economic reform to take priority amid fears of speculative flows gushing in Reuters [BEIJING] China is quietly pushing back its loose timetable to make the yuan freely convertible, policy insiders say, as authorities fear removing capital controls too soon could unleash damaging
      Reuters; PHOTO: BLOOMBERG  -  877 words
    • Article
      Lock icon India raises FDI limit in defence and railways
      419 12 Cap on defence up to 49%, no limit for rail infrastructure AFP [NEW DELHI] India’s cabinet has approved plans to open its defence and railways industries to foreign investment as Prime Minist er N aren d ra M o d i s
      AFP  -  419 words
    • Article
      Lock icon Qingdao port officer’s death under probe
      264 12 Reuters [SHANGHAI] Chinese police are investigating the death, from unnatural causes, of the deputy commissioner of customs at Qingdao port which is under investigation for alleged commodity financing fraud, state news agency Xinhua said yesterday. Xinhua said that Qingdao Customs Deputy Commissioner Bian Peiquan
      Reuters  -  264 words
    • Article
      Lock icon Man who saw 2008 crash sees another coming
      318 12 AFP [NEW DELHI] India’s central bank governor, renowned for forecasting the 2008 financial meltdown, has warned that the world economy faces risk of another market crash as asset prices surge. Increasing global financial instability stems from investors chasing ever higher yields, Raghuram
      AFP  -  318 words
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      1912 12 THE BUSINESS TIMES Ik 1 S 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg J I V i I www.sphclass.com.sg/notices EGl@bal Yellow Pages GLOBAL YELLOW PAGES LIMITED (Company Registration No. *****4719G) (Incorporated in the Republic of Singapore) NOTICE OF EXPIRY OF WARRANTS W*****0 (THE “W*****0 WARRANTS”) TO: ALL
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      357 12 TIBERON MINERALS PTE. LTD. COMPANY REGISTRATION NO. *****0129C (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD AT 2 NGO DUC KE 1901. HCMC, VIETNAM ON THE 5TH DAY OF AUGUST
      357 words
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  • WORLD
    • Article, Illustration
      Lock icon Australia jobless rate jumps to 12-year high
      633 13 Aussie falls after July unemployment hits worse than expected 6.4% Bloomberg [SYDNEY] Australia’s jobless rate jumped to a 12-year high in July, surpassing the US level for the first time since 2007 and sending the local currency tumbling. The unemployment rate rose to
      Bloomberg; PHOTO: REUTERS  -  633 words
    • Article
      Lock icon Global growth to slow as populations age: Moody’s
      475 13 AFP [PARIS] As populations age around the world, economies will be held back and growth trends will slow sharply in the next 20 years, a report forecast yesterday. The mismatch of old people to the number of people at work is no
      AFP  -  475 words
    • Article
      Lock icon Australia to investigate immigration fraud claims
      392 13 Up to 90% of skilled emigration visas may be fraudulent: report AFP [SYDNEY] Immigration Minister Scott Morrison yesterday ordered an urgent investigation into reports of rampant visa fraud and emigration crime involving plane arrivals into Australia. An investigation by Fairfax Media claimed that up
      AFP  -  392 words
    • Article, Illustration
      Lock icon Thai consumer sentiment at 11-month high in July
      576 14 Index rises to 78.2, two months after army seized power Reu ters [BANGKOK] A university’s index of Thai consumer confidence rose for the third month in July, suggesting domestic demand might be improving after the army seized power and pledged to fix
      Reuters; PHOTO: REUTERS  -  576 words
    • Article
      Lock icon Americans giving up citizenship down 13% in H1
      609 14 Drop comes ahead of July 1 rules that make it harder to hide from taxman Bloomberg [CAPE TOWN] The number of Americans renouncing US citizenship declined 13 per cent in the final half-year before rules that make it harder to hide assets
      Bloomberg  -  609 words
    • Article
      Lock icon Global art market swells 17% to US$7b in first half
      396 14 10-15% annual yield attracts institutional investors and funds AFP [PARIS] The global art market rose in value by 17 per cent to a record US$7 billion in the first half of 2014, according to new industry figures. Artprice, a French
      AFP  -  396 words
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      235 13 wine, in m 2eb§s S' —-—N fk zs ■e a 51 I I I I ES a I i *ir t» i* l rt *Terms and conditions apply. Buffet menus are on rotational basis. Child price is applicable for children aged 4 to 12 years old. Prices are subject to
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      1567 14 The Business Times Ik I 1 Toll free 1800-289-8822 I M I I Email noticesiasph.com.sg M V i B j J www.sphclass.com.sg/notices SITRA HOLDINGS (INTERNATIONAL) LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1237E) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms not defined herein
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      204 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PHILMONT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****0609R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members
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  • National Day 2014
    • Article, Illustration
      Lock icon A bright future
      1291 15  -  Lee U-Wen leeuwen@sph. com. sg @LeeUwenBT S INGAPORE turns 49 tomorrow and, by most accounts, the journey from Third World to first has been nothing short of remarkable for a country gearing up to celebrate its landmark golden jubilee in 2015. The economy is in good shape
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      Lock icon Plugging into the world economy
      768 16  -  With FTAs, Singapore-based exporters can enjoy benefits ranging from tariff concessions to intellectual property protection, writesLEE LEE U-WEN SINCE the signing of the first free trade agreement (FTA) under the Asean Free Trade Area back in 1993, Singapore’s network of FTAs has expanded to cover
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    • Article
      Lock icon Everything you need to know about FTAs
      433 16 What is a Free Trade Agreement (FTA)? An FTA is a legally binding agreement between two or more countries to reduce or eliminate barriers to trade, and facilitate the cross-border movement of goods and services between the territories of the parties. This may
      433 words
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      Lock icon Singapore’s evolving cityscape
      1003 21  -  More iconic buildings in Singapore are making waves internationally for their unique characteristics. ByMINDY MINDY TAN tanmindy@sph.com.sg @MindyTanBT WHEN the Esplanade Theatres on the Bay, the waterside building located near the mouth of the Singapore River, was first built, people were largely ambivalent about it. The “durian”
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      Lock icon Forward-looking family businesses
      1393 21  -  By ANNIE KOH The writer is vice-president, business development and external relations; academic director of Business Families Institute; and an associate professor of finance at Singapore Management University. AS we celebrate our country’s birthday tomorrow, perhaps it is also opportune that we celebrate the success of some
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      78 17 JOIN RANK AS IA S TREPRENEUR Elites v Celebrating Champions, Building t Legacies that last V s Asia's Platform to showcase your business excellence Final call for nominations! Contact our nominations advisors to find out more. Submission deadline 21 August 2014 Gala Dinner on 12 November 2014 Tel: +65 6749
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      1510 18 / 19 “Singapore is where we are today because of our forefathers’s hardwork. We each play a role to make a better future for one and all. Happy Birthday Singapore!” Mr Kelvin Lim, Owner Joo Chiat Fei Fei Wanton Noodle House “Here’s to wishing Singapore a fabulous 49th Birthday with many fantastic
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      154 20 BRANDS "Good Towards a Sustainable Future Together. I MARKETPLACE PS co. VSS. 1 WORKPLACE v ENVIRONMENT Ak. J 4 ODD M SOCIETY r a Brands For Good is a Corporate Social Responsibility training and marketing programme for businesses to stand out and be active citizens. It is an initiative that
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  • WORLD
    • Article, Illustration
      Lock icon Deutsche Telekom rejects Iliad’s bid for T-Mobile US
      646 22 It says it’ll be open to offers that boost its position and that of its shareholders Reuters [FRANKFURT] Deutsche Telekom rejected an offer from Iliad for its mobile business in the United States and said regulators there should help smaller players compete
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    • Article
      Lock icon Aviva plans more bulk pension deals to offset reforms
      436 22 Reuters [LONDON] British insurer Aviva said it would make more mid-sized bulk pension deals with companies in the second half of the year to help shield it from the government’s sweeping reforms to retirement annuities. Aviva was the top gainer on
      Reuters  -  436 words
    • Article
      Lock icon African Bank loses 90% market value as it forecasts record loss
      656 22 It may tap investors for US$791 m of fresh capital Bloomberg [JOHANNESBOURG] African Bank Investments Ltd (Abil), South Africa’s largest unsecured loan provider, lost about 90 per cent of its market value after forecasting a record loss and saying
      Bloomberg  -  656 words
    • Article
      Lock icon UK watchdog fines Stonebridge US$14m for unfair practices
      393 22 Reuters [LONDON] Britain’s financial watchdog has fined Stonebridge International Insurance US$14 million for failing to treat up to half a million customers across Europe fairly over sales of accident insurance. Stonebridge, part of international insurer Aegon Group, tried to maximise sales by
      Reuters  -  393 words
    • BRIEFING
      • Article
        Lock icon Manulife hikes dividend
        122 22 Reuters [TORONTO] Manulife Financial Corp yesterday unexpectedly hiked its dividend for the first time since the financial crisis, as it reported quarterly profits that jumped on stronger financial markets but was just shy of analysts’ expectations. Net income attributed to shareholders was C$943 million (S$1.07 billion), or
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      • Article
        Lock icon Amlak’s debt revamp okayed
        110 22 Reuters [DUBAI] Dubai mortgage lender Amlak Finance yesterday said that all its creditors had approved a plan to restructure its debt, bringing to a close protracted talks over the last major hangover from the emirate’s property market crash of 2008. Twenty-eight creditors had been seeking a
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      • Article
        Lock icon Snowden gets 3-yr permit
        97 22 AFP [MOSCOW] Fugitive US intelligence operative Edward Snowden has been granted a three-year residence permit in Russia, his Russian lawyer Anatoly Kucherena said yesterday. “The request was accepted and accordingly Edward Snowden was given a three-year residence permit” which allows him to move about freely and
        – AFP  -  97 words
      • Article
        Lock icon Investors sue Lloyds over HBOS buy
        119 22 Bloomberg [LONDON] Lloyds Banking Group was sued by 220 investors who said they were misled into supporting a 2008 takeover of HBOS plc that prompted a US$34 billion bailout from the UK government. Britain’s biggest mortgage lender and its executives “knew or ought to
        Bloomberg  -  119 words
    • Article
      Lock icon Thai rice tenders resume; bids below the market
      372 22 Reu ters [BANGKOK] Thailand’s government yesterday opened its first tender for stateheld rice since a military coup in May and was expected to sell all the 167,000 tonnes on offer at prices slightly below the market, exporters and a government official said.
      Reuters  -  372 words
    • Article, Illustration
      Lock icon Google, Barnes & Noble unite to take on Amazon
      773 23 Google, Barnes Noble unite to take on Amazon They are starting same-day deliveries to book buyers in some US city areas NYT [NEW YORK] Google and Barnes Noble are joining forces to tackle their mutual rival Amazon, zeroing in on a service that Amazon has long dominated: the fast, cheap
      NYT; PHOTO: AFP  -  773 words
    • Article
      Lock icon Argentina debt: Holdouts mull over 80¢ on the dollar
      603 23 Brazil banks enter talks to stem market contagion from Argentine default Reuters [NEW YORK] Holdout creditors are considering an offer from international banks of 80 cents on the dollar for their roughly US$1.66 billion holdings of Argentine debt, sources close to
      Reuters  -  603 words
    • Article
      Lock icon Nestle plans buyback as sales beat estimates
      559 23 It says the US$8.8b stock repurchases will begin this year Bloomberg [ZURICH] Nestle SA, the world’s largest food company, plans to spend US$8.8 billion in its first share buyback in three years after reporting revenue growth that exceeded analysts’ estimates. Revenue gained 4.7
      Bloomberg  -  559 words
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      306 22 OLS Enterprise Ltd (f.k.a. Transcu Group Limited) (Incorporated in the Republic of Singapore) (Company Registration Number *****0320E) NOTICE OF CAPITAL REDUCTION NOTICE IS HEREBY GIVEN that pursuant to Section 78C(1)(c) of the Companies Act, Chapter 50 of Singapore, the following resolutions were duly passed as special resolutions at an extraordinary
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      1882 23 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GUTHRIE-SV BSQ6 PTE. LTD. (In Member’s Voluntary Liquidation) Company Registration No. *****1286C NOTICE OF RESOLUTIONS At an
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      313 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GUTHRIE-SV (RETAIL 1) PTE. LTD. (In Member’s Voluntary Liquidation) Company Registration No. *****5438E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of GUTHRIE-SV (RETAIL 1) PTE. LTD. deemed to have been duly convened and held on
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  • EDITORIAL & OPINION
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      Lock icon Telcos’ biggest enemy is themselves
      496 24 EDITORIAL TELCOS have their back up against the wall more than ever before, with services such as the newly launched nanu vying for room in the market. The mobile call app, created by a local startup, allows consumers to make calls for free to landlines
      496 words
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      Lock icon Any way out of America’s millennial parent trap?
      819 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group YOU could hear the tension in his voice. His 20-something daughter was living at home. She had a graduate degree from a good university that, in times past, would have led to
      The Washington Post Writers Group  -  819 words
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      Lock icon 49 years of Singapore’s successes through risks
      1225 24  -  Republic must continue to manage risks to achieve next phase of growth, safeguard future By ANDREW VIGAR The writer is chief executive, XL Insurance SE (Singapore Branch) HISTORY offers compelling lessons for the future, and as Singapore approaches its 49th birthday we look
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      Lock icon Xi, Abe could face off at Nov Apec summit
      1052 25  - Xi Abe could face off at Nov Apec summit Fukuda said to be brokering a deal for the two leaders to meet ANTHONY ROWLEY Tokyo Correspondent HAS a secret deal been struck that will allow China’s president Xi Jinping and Japan’s prime minister Shinzo Abe to meet at the Asia-Pacific
      PHOTOS: REUTERS, AFP  -  1,052 words
    • Article
      Lock icon Why US federal debt will just keep on rising
      1180 25  -  By JOERGEN OERSTROEM MOELLER The writer is Visiting Senior Research Fellow at the Institute of Southeast Asian Studies, Singapore, and Adjunct Professor, Singapore Management University Copenhagen Business School THE US Congressional Budgetary Office (CBO) published its long-term budget outlook a few
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      Lock icon World Cup: Why the Fs in Fifa don’t stand for fairness
      990 25  -  By KARSTEN JONSEN The writer is a research fellow at IMD business school; IMD’s Orchestrating Winning Performance programme takes place in Singapore in November THE football world is no stranger to foul play. This year we saw a biting
      PHOTO: REUTERS  -  990 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Sunset Boulevard getting 21st century makeover
      1234 26 Ageing landmarks out, luxury buildings with hotels coming up Bloomberg [LOS ANGELES] It was rocked by the Doors in the 1960s, Van Halen in the ’70s and Guns N’ Roses in the ’80s. Now California’s Sunset Strip is getting a new sound: the booms
      Bloomberg; PHOTO: REUTERS  -  1,234 words
    • Article
      Lock icon More Chinese cities relax property curbs
      553 27 Analysts say Beijing is turning a blind eye to bolster the cooling market Reu ters [BEIJING] More than half of China’s cities have relaxed property controls and analysts say more are expected to follow, suggesting the central government is easing its grip on the
      Reuters  -  553 words
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      Lock icon An ambitious but subtle facelift for a French beauty
      570 27 Hotel Plaza Athenee reopens after 200m euro expansion renovation NYT [NEW YORK] The red awnings and scarlet geraniums have returned to the newly buffed art nouveau balconies of the Hôtel Plaza Athénée, whose facade on chic Avenue Montaigne in Paris had
      NYT; PHOTO: AFP  -  570 words
  • Page 26 Advertisements
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      550 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL II FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D11 21 HOUSE FOR SALE CHANCERY LANE Coveted
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      132 26 D11 21 HOUSE FOR RENT LORNIE 18 Cluster bunglw Resort Living. Superb layout with home lift. 4500sf onwards. 4+1+1 rms. 2 yrs lease. Rental $11K neg. 6296 6036/ 9670 0518 D14 HOUSE FOR RENT LENGKONG EMPAT Semi-Detached. 4200 sf. 5+1 bedrooms. Partially furnished. Available immediately. $7000. Call CT Ong, CBRE
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      118 27 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements the Business Times CLASSIFIED BUY IT SELL IT FIND IT D04 APARTMENT FOR RENT AZURE SENTOSA COVE #02. Unblocked sea view. Corner. Best layout. 3+1 bedrooms, 1800 sqft. Asking $8.5k. Avail immed Call 9863 5635 9727 2996 D09 APARTMENT FOR RENT BELLE
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      75 27 D11 21 APARTMENT FOR RENT PEAK COURT Peak Court. 2-storey Maisonette. 3+1 Bedrooms. 2800 sqft. Quiet and greenery environment. Minutes to Novena. Ask $7.2k. Julian 9177 8312 D25 APARTMENT FOR RENT CASABLANCA 3+1. High floor. Partial furn. Full facilities. Near MRT amenities. neg. Avail Immed. Please call Emma 9383 3039
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      Lock icon Page 27 Advertisements Column 3
      73 27 D08 OFFICE FOR SALE SIM LIM TOWER Freehold, area approx 474/ 420/ 893 sqft. Tenanted, high flr. MRT/ amenities. *****387 TKE D08 SHOP FOR SALE RACE COURSE ROAD Freehold. 2-Storey. Tenanted F&B 3% yield. Plot ratio 3.4. $3.88M neg. Mins to Fareer Park MRT. Call Anand 9656 9450 D08 SHOP
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      53 27 D12 OFFICE FOR SALE CT HUB2 (Retail, Office, B1 Ind) Only $8xxK $558 psf up. Final premium Unit! TOP soon! MRT! *****089 D08 OFFICE FOR RENT CONNEXION AT FARRER PARK Medical Suite, Directly above Farrer Park MRT. 851 sqft. High flr. Bare unit, Avail immed. $10 psf. Call Mae Lee
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      44 27 D12 OFFICE FOR RENT TOA PAYOH IND. PARK 600 sqft. Fully Fitted, aircon, new reno. Layout Customizable to preference. Call Owner 9101 8311 www.wasabay.com D25 FACTORY FOR RENT SUNGEI KADUT 9807 sqft GST applies ***** sqft. Takeover fees GST applies. Both units 8m height.
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  • AVIATION/SHIPPING
    • Article
      Lock icon Cargo weakness continues as a drag on Asia-Pacific carriers
      355 28  -  European airlines’ shares fall the most in July; solid growth seen in air travel volumes globally By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT [SINGAPORE] European airline share prices took a hit in July, while their Asia-Pacific counterparts were weighed down by the weak
      355 words
    • Article
      Lock icon Tune Insurance eyes JV with UAE aviation firm
      551 28  -  A tie-up is likely to provide Tune its next growth catalyst By PAULINE NG in Kuala Lumpur A PROPOSED tie-up between Malaysia’s Tune Insurance Holdings Bhd (TIH) and the United Arab Emirates’ (UAE) aviation group Al Hai LLC (AlHai) to explore insurance-related
      551 words
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      Lock icon Russia threatens to block Europe-Asia overflights
      251 28 AFP [MOSCOW] Prime Minister Dmitry Medvedev warned yesterday that Russia could block overflights between Europe and Asia in retaliation for Western sanctions. Mr Medvedev said the Russian government was considering a series of measures in response to Western sanctions that shut down the country’s
      AFP  -  251 words
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      Lock icon Scoot not keen on Changi’s T4 ‘folly’, says CEO
      313 28 Bloomberg [SYDNEY] Singapore Airlines Ltd’s budget carrier Scoot doesn’t want to use Singapore’s new airport terminal and regards the S$1.28 billion facility as a “folly”, says the unit’s chief executive officer. Changi Airport’s Terminal Four (T4) which is being designed to
      Bloomberg  -  313 words
    • Article
      Lock icon Why Malaysia Airlines can and will survive
      802 28  -  National support, Khazanah’s backing, maybe even AirAsia By in ANDREW STEVENS The writer is a CNN anchor/correspondent based in Hong Kong in Hong Kong MH370 remains a tragic mystery. MH17 is just tragic. A passenger jet flying an approved route at an approved
      802 words
    • Article
      Lock icon Port Hedland union cancels strike plan
      333 28 Bloomberg [SINGAPORE] Tugboat engineers at Australia’s Port Hedland called off an intended strike that threatened exports from the terminal which ships about a quarter of the world’s seaborne iron ore cargoes. The Australian Institute of Marine Power Engineers didn’t serve the action notice within
      Bloomberg  -  333 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 28 SGX '000 Aug 07 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 131 Cosco Corp 0.69 unch 1263 Cwt Limited 1.67 -0.03 730 Vol First Ship Lea Grand Banks 0.26 -0.01 102 Jaya Hold Ltd 0.06 unch ***** K1Ventures 0.20 unch 623 Keppel Corp 10.86 0.01
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      48 28 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY m u ss LOOKING BACK Senior Singaporeans on how the country has evolved over the years r-. jets- PUNJABIS HAVE TEA WITH tabla! AT TANDOOR GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      24 28 www.omy.sg lira CU9 mmmm 9\ H I f r#VA%iuwk Mint, mils? intWlnl ASK showbiz.omy.sg Download omy Apps o omy Showbiz OS AppStore Google Play
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  • Article
    Lock icon SHIPPING TIMES
    2124 29 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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      55 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the Business Hmes Shipping Times PLACE YOUR AD HERE F 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?
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      153 30 Shipping lines seeking reliable Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image, Corporate Developments and Company
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4202 31 Transaction date: Aug 7 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 --AAT ('000) High Low Buyer Seller 14.9 11.2 AEI C'vr 13.7 6.7 AIMS Property 13 unch 61
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      Lock icon SGX CATALIST
      463 32 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 0.8 t Advanced Systems 0.8 unch 5405 0.8 0.8 0.8 0.9 15.6 Last Quote Div
      463 words
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      Lock icon UNIT TRUST & FUNDS
      10947 32 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)!* 1.28/ Aberdeen Asset Mat Asia Limited China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** 2 0792/ Indonesia Equity
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      Lock icon GLOBALQUOTE
      235 32 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 Last 343 250 TanChongInt HK320 +4 36 320 318 318 320 9.7 3.3 3.1 6444.5 DISCLAIMER: All information is published “as is” without warranty of any kind
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      Lock icon SGX ETF
      1127 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.1 -0.1 116.1 116.1 116 116.2 530 135.5 119 CIMB APAC Div 100S$D 133.5 -1.5 133.5 133.5 132.3 134.9 108.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      661 33 Aug 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.72 *****.06 *****.99 Sep14 *****.00 *****.00 *****.00 *****.00 *****1 *****7 Dec14 *****.00 *****.00 *****.00 *****.00 108 ***** MSCI TAIWAN INDEX FUTURES SPOT 330.85 331.66 329.05 Aug14 328.20 329.30 326.60 327.70 ***** *****6 Sep14 328.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Aug 6 Index Change Change Change Change Change Change World Preliminary 1212.0 -0.1 2.3 -0.1 1.0 -0.1 2.1 EAFE Preliminary 945.9 -0.8 -1.1 -0.7 -2.3 -0.7 -1.3 Europe Preliminary 1341.8 -0.8 -1.0
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 33 Aug 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.013 5.709 0.693 7.183 56.956 109.501 0.948 9.613 2.977 1.095 91.549 40.844 1.160 9.974 0.842 27.834 29.931 0.550 0.927 Canada 0.987 5.633
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    • Article
      Lock icon SIBOR
      37 33 Aug 7 (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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      Lock icon GOVERNMENT SECURITIES
      82 33 Aug 7 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-19 105.86 106.00 106.00 10-Year NY*****H 3.000 01-Sep-24 105.36 105.45
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      Lock icon PRECIOUS METALS
      118 33 Aug 07 GOLD(US$/oz) Aug 07 Aug 06 Hong Kong 1308.00 1294.00 Aug 06 Aug 05 London 1307.43 1283.77 1308.22 1284.52 Source: Thomson Reuters CAST BAR Aug 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 314 259 10gm 585 521
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    • Article
      Lock icon PALM OIL
      57 33 Aug 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2313.0 2318.0 2330.0 2310.0 129 1402 Sep 14 2288.0 2279.0 2292.0 2275.0 1988 ***** Oct 14 2256.0 2247.0 2263.0 2247.0 ***** ***** Nov 14 2252.0 2244.0
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      Lock icon INTERBANK CURRENCY RATES
      155 33 Aug 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1599 1.1608 0.9266 0.9270 Canadian dollar 1.1445 1.1454 0.9147 0.9142 Euro 1.6737 1.6744 1.3370 1.3372 NZ dollar 1.0588 1.0599 0.8458 0.8464 Sterling pound 2.1077 2.1088 1.6837 1.6841
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    • Article
      Lock icon CHICAGO BOT
      109 33 Aug 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1237.00 1222.75 1237.50 1219.50 Sep 14 1096.50 1081.50 1097.50 1078.00 Nov 14 1080.00 1065.75 1081.00 1059.50 Jan 15 1088.25 1074.25 1089.00 1067.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 33 Aug 6 COCOA (£/tonne) Close Prev High Low Sep 14 2024 2007 2026 2009 Dec 14 2002 1987 2003 1989 Mar 15 1959 1945 1960 1948 May 15 1943 1930 1945 1934 COFFEE(US$/tonne) Close Prev High Low Sep 14 1992 2009 2008 1984 Nov 14 1996 2007 2009 1986
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      879 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Price Prem Ascendas REIT MB eCW*****3 2.4 0.2 230 3 Asiatic Grp(Hldgs) Ltd W*****5 2.2 unch 1554 0.0 2 13 Asiatravel.com HoldingsW*****5 6
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS Aug 06 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.35 0.74 WTI (Near Mth) 97.00 -0.37 Dubai (1-Mth F) 103.06 -0.69 Tapis blend 106.93 -0.58 Minas 102.63 -0.58 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.89 -0.83 Jet Kerosene 117.21 -0.72 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 33 Aug 7 S$ Bid Offer 1-month 1.2518 1.2522 2-months 1.2518 1.2522 3-months 1.2517 1.2522 6-months 1.2516 1.2520 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 33 Aug-06 Aug-06 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2013.25 1998.75 3 months 2024.00 2013.00 Copper, Grade A(US$/tonne) Cash 6982.25 7064.50 3 months 6970.00 7055.00 Lead(US$/tonne) Cash 2241.00 2230.00 3 months 2243.00 2238.00 Nickel (US$/tonne) Cash *****.00 *****.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 33 As at 9am Aug 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.164 1.120 Euro 1.709 1.628 Sterling pound 2.144 2.062 NZ dollar 1.082 1.041 US dollar 1.273 1.213 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      154 33 Aug 7 $S Offer Bid 0vernight 0.03 0.01 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.06 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • Page 34 Advertisements
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      Lock icon Page 34 Advertisements Column 1
      103 34 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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      Lock icon Page 34 Advertisements Column 2
      46 34 2014 MANU FACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention Exhibition Centre Halls 401 403 ms-expo.com 9 -B SB 4 4 > To Exhibit: Tel: +65 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF Sf£l
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      361 35 CRYPTIC CROSSWORD Across 1 Irishman is admitting love, in a manner of speaking (6) 5 Sort of post made of wood mum’s put in (8) 9 Designer of military show presented to the Queen (8) 10 Mess in the centre of study? (6) 11 Cross woman’s wanting husband to look
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  • executive lifestyle
    • Article, Illustration
      Lock icon Injecting new life into an old quarter
      1964 38  -  The month-long George Town Festival is revitalising old (and new) buildings and drawing artists to Penang.CHEAH UI–HOONreports CHEAH UI–HOON uihoon@sph.com.sg ON A Friday night in George Town, Penang, the city tends to hollow out. Queues of cars snake out of the city, bumper
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    • Article
      Lock icon Some highlights of the festival
      354 38 THE George Town Festival, now in its fifth edition, runs from Aug 1-31. There are 147 events at 20 venues, and the festival is expected to draw some 200,000 people. BT picks some of the most interesting shows: Commissioned works Hai Kee Xin Lor (You
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    • WINE/BOOKS
      • Article, Illustration
        Lock icon Creating poetry in the prose of life
        1042 34  -  The beauty of even the most beautiful wine is more than doubled when shared with friends and when it reinforces the friendships, says NK YONG NK YONG ‘When we share that is poetry in the prose of life.’ –Sigmund Freud (1856-1939) A BEAUTIFUL
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      • Article, Illustration
        Lock icon Peranakan recipes in residence
        473 34  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT THE next time you stay at an Ascott serviced apartment overseas, try rummaging through the bookshelf. You just might find the inspiration for your next dinner party, in a hard-cov-er Peranakan cookbook titled 30 Years, 30 Recipes: A Gastronomic Journey. This
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      • Around Town
        • Article, Illustration
          Lock icon Pick of the week
          200 34 Rock of Ages: Relive the heady rock ’n’ roll daze of the ’80s with classics like Wanted Dead or Alive, We Built This City and Don’t Stop Believin as the hit Broadway musical Rock of Ages comes to Singapore. Soak in the nostalgia, break out the
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        • Article
          Lock icon Film
          168 34 Sayang Disayang: This national day, catch Sayang Disayang, which tells about Murni, a live-in nurse who loves to sing, and her charge, Pak Harun, a bitter elderly man who continually lectures her. The plot follows Murni’s attempts to recreate the Sambal Goreng dish cooked by Pak Harun’s late wife.
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        • Article
          Lock icon Exhibitions
          308 34  -  Compiled by GEORGINE VERANO gverano@sph.com.sg Art of Celebration: As its name suggests, the latest installation by Angela Chong aims to celebrate both National Day and diversity in Singapore. Inspired by Singapore’s cakes and kuehs, the installation takes the form of circular shaped cakes, and printed on folded paper sculptures
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    • ARTS
      • Article, Illustration
        Lock icon Uncovering the beauty of the oceans
        713 35  -  Underwater photographer David Doubilet will share his passion with Singaporeans later this month. LOIreports RACHEL LOI rachloi@sph.com.sg @RachelLoiBT I N his 45 years of working for National Geographic, underwater photographer David Doubilet has been approached by countless young, aspiring photographers wanting tips on how
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      • Article, Illustration
        Lock icon ‘Cakes’ to mark National Day
        456 35  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT WHAT was your favourite kueh when you were growing up? For local artist Angela Chong, it was the multi-coloured, multi-lay-ered kueh known as lapis sagu the one you eat layer by layer because peeling it is half the fun. So
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      • Article, Illustration
        Lock icon Tracing the journey of immigrants
        746 36  -  Amid The Clouds asks if one can really find happiness in a second country. By HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT YEARS ago, a close friend of Amir Reza Koohestani decided to leave his homeland of Iran to seek out a better life in
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      • Article, Illustration
        Lock icon Arts groups strike a chord in CBD
        432 36  -  Reports by HELMI YUSOF helmi@sph.com.sg @HelmiBT JUST as the lunchtime crowd was starting to build up at Raffles Place on Wednesday, 20 Chinese classical musicians silently took their seats on the zoysia lawn above the MRT station. Before them stood a sign that
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      • Article
        Lock icon Drop the charts, get some art!
        217 36 Here are free shows to help you unwind in the city: Conduct Us by Ding Yi Music Company Aug 10, 5.30-6.30pm, Plaza Singapura The audience gets a chance to conduct the Ding Yi Music Company ensemble for real. Escencia Flamenca by Flamenco Sin Fronteras
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      • Article, Illustration
        Lock icon Drawing asserts its place in art
        572 36  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT IN the world of art, painting is king: It is commonly collected and traded in the secondary market, fetching the shattering prices you see in headlines. Drawings, on the other hand, are the poor cousins of paintings. They are
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    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon Medical drama that requires a strong stomach
        752 37  -  There is plenty to chew on in The Knick a new TV series directed by Oscar winner Steven Soderbergh, says DYLAN TAN DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THE next time you are ill, just be glad you never have to check into The Knickerbocker
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      • Article, Illustration
        Lock icon Cantopop kings are a perfect match both on and offstage
        509 37  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THERE is no such thing as a generation gap when it comes to music just look at the partnership that Cantopop kings Alan Tam, 63, and Hacken Lee, 46, have forged over the last decade.
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      • Article, Illustration
        Lock icon Sex comedy fails to get past first base
        488 37  -  By DYLAN TAN dylantan@aph.com.sg @DylanTanSYBT LET’S be blunt, it’s not a sex comedy until one sees the money shot, so Sex Tape definitely fails to stand and deliver on that count. Despite its R21 rating, the film, which reunites Bad Teacher director
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      • Article, Illustration
        Lock icon Brit-pop survivors prove solid local favourites
        589 37  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT IT can’t be easy being a successful Brit-pop band; just look at the likes of Oasis and Blur. One moment, they were ruling the charts during the height of their popularity in the 1990s, and the next, egos and
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