The Business Times, 13 August 2014

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Microfilm: NL33221
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Wednesday, August 13, 2014
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  • Article, Illustration
    Lock icon Q2 growth slows, but is still above forecasts
    877 1  -  Hopes are high for a better second half, as global recovery picks up BY. KELLY TAY ke||ytay@sph.com.sg @Ke||yTayBT [SINGAPORE] The Singapore economy grew 2.4 per cent in the second quarter of this year above the government’s July estimate of 2.1 per cent,
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,303.39 (-3.06) HST INDEX FUTURES 3,282.00 (-3.00) HSIMSCI 376.88 (-0.31) HSIMSCI FUTURES 374.70 (-0.80) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.677 2.097 EURO (US$/S$/€ 1.337 1.672 Foreign currency per US$ S$ YEN 102.30 81.80 RM 3.195 2.554 HK$ 7.751 6.198 BAHT 32.10 25.67 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,850.39 +1.07 NIKKEI 225 15,161.31 +30.79 HANG SENG 24,689.41 +43.39 SET INDEX Closed JAKARTA COMP 5,132.40 +19.16 MANILA COMP 6,983.49 +26.83 SEOUL COMP 2,041.47 +2.10 SHENZHEN B 942.16 -0.99 MUMBAI IND 25,880.77 +361.53 12 noon EDT Change DOW 16,529.65 -40.33 NASDAQ 4,384.09 -17.24
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE MALAYSIA HONG KONG 5.35 TAIWAN 5.00 INDONESIA 14.994 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon MAS mulls 15-20% job cuts
    808 1  -  Redundancies seen in airline’s new business model that is being fine-tuned By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] Malaysia Airlines (MAS), a state-owned carrier tottering on hefty losses and reeling from twin tragedies, could lay off 15-20 per cent of its plump workforce to slash cost
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      204 1 TRANSPORT HUB Ensuring MH17 won’t happen again PAGE 19 OPINION US economy getting senile despite being in the Net age PAGE 16 COMPANIES Credit bureaus to be licensed: MAS PAGE 4 EMERGING ENTERPRISE Expanding the Dough Culture PAGE 8 SEVEN PALMS SENTOSA COVE m VA r rzr: i n 1
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  • TOP STORIES
    • Article
      Lock icon Non-oil exports forecast to fall 1-2% this year
      539 2  -  Total trade growth forecast also narrowed to 1.5-2.5% By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Non-oil domestic exports (NODX) are tipped to dip 1-2 per cent this year. International Enterprise Singapore (IE Singapore) announced yesterday that it had trimmed its full-year NODX growth
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    • Article, Illustration
      Lock icon PM Lee thanks the people as he marks 10 years in office
      513 2  -  By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Lee Hsien Loong yesterday marked his decade as Singapore’s Prime Minister with a note of thanks to Singaporeans and to his predecessor, Goh Chok Tong. “Thanks also to ESM Goh, who handed
      PHOTO: BLOOMBERG  -  513 words
    • Article
      Lock icon SingTel to roll out mobile plans with WiFi integration
      745 2  -  B)’ AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT [SINGAPORE] Singapore Telecommunications (SingTel) yesterday announced a range of new mobile plans which are integrated with a premium high-speed WiFi network that the telco is rolling out at shopping malls, MRT stations and other public
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    • Article, Illustration
      Lock icon Services sector flexes its muscle in GDP, exports
      478 2  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] The services sector has been capturing a rising share of Singapore’s GDP, and this looks set to continue especially as the role of services exports expands further with time. In a report released yesterday, the Ministry
      PHOTO: FILE PHOTO  -  478 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      449 2 Q2 growth slows, but it’s better than expected THE Singapore economy grew 2.4 per cent in Q2 above the government’s July estimate of 2.1 per cent, but slower than Q1’s 4.8 per cent growth. FRONT PAGE Malaysian Airlines mulls 15-20% job cuts MALAYSIA Airlines could lay off 15-20
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    • Article
      Lock icon New faces in the CBD as global banks exit
      651 3  -  They include insurers and new-media and consumer product companies By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT {SINGAPORE] As the global banks in Singapore restructure and downsize their offices in the central business district (CBD), a crop of tenants new media, consumer products and
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    • Article, Illustration
      Lock icon Kong Hee: I was cautious in budgeting Sun Ho’s album
      694 3  -  CITY HARVEST CHURCH TRIAL By CLAIRE HUANG huangjy@sph.com.sg [SINGAPORE] The founder of the City Harvest Church described to the court how he proceeded cautiously and acted conservatively when it came to budgeting his wife’s foray into the United States music
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  694 words
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      39 3 +65 6735 5225 PRADA.COM m Aa *♦>>3 <SS: ‘VJ V I ■m* IM \m s a PR AD A HmttW hr fev V 5S^& a g£5 ira *7<f «a Ete «a •7i* «aa aaa f jp rsie a^w^pfe, S5-
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Credit bureaus to be licensed: MAS
      478 4  -  Proposal: consumers rejected for loans be given a free copy of their credit report By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT CONSUMERS who have had their loan applications rejected may soon be able to obtain their credit reports free of charge to check that the data
      FILE PHOTO  -  478 words
    • Article
      Lock icon SBS Transit’s Q2 net profit up 57.2%
      346 4  -  By MINDY TAN tanmindy@sph.com.sg@MindyTanBT SBS Transit’s second-quar-ter net profit rose 57.2 per cent to S$4.96 million, from S$3.16 million a year ago. A tax-exempt one-tier interim dividend of 1.25 cents per ordinary share was declared, payable on Aug 27. This compares with 0.90
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    • Article
      Lock icon APTT to pay H1 DPU of 4.12¢, on track to meet full-year forecasts
      514 4  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT ASIAN Pay Television Trust (APTT), the first listed pay-TV business trust in the region, yesterday reported interim earnings which it said place it in a good position to achieve the full-year performance
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    • Article, Illustration
      Lock icon SeD to take on China social media giants
      494 5  -  It is acquiring from its new CEO a mobile-app firm known as HotApps By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT SINGAPORE eDevelopment (SeD), fresh from a corporate restructure that puts a well-known white knight at the company’s top spot, now looks to challenging Chinese
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    • Article
      Lock icon Pork segment boosts QAF’s Q2 earnings
      325 5  -  By AMANDA EBER aeber@sph.com.sg MULTI-FOOD group QAF Ltd, the makers of Gardenia bread, posted a trebling in second-quarter net profit to S$9.32 million, from S$3.1 million a year ago. The April-June surge in profit attributable to equi-ty-holders is thanks to higher profitability from its
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    • Article
      Lock icon Private equity firms in Asia need to do more: study
      419 5  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT PRIVATE equity firms in Asia need to work at value creation for their portfolio companies as they lag behind their Western counterparts in this respect, a report by AlixPartners said. The Building Better Businesses; A
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    • Article
      Lock icon Straco Q2 profit up 7.4%
      289 5  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT TOURIST attractions developer Straco Corp registered a 7.4 per cent year-on-year rise in net profit to S$8.33 million for the second quarter ended June 30, 2014, as revenue grew at a dou-ble-digit clip. Revenue jumped 20.1 per cent to S$19.67
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    • Article
      Lock icon Falcon Energy Q1 net dips despite revenue surge
      357 7  -  Gross profit margin falls; share of associates’ earnings drops By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT OFFSHORE marine service provider Falcon Energy Group’s earnings fell 2.4 per cent for the first quarter ended June 30 in spite of a more than threefold increase in
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    • COMPANY BRIEFS
      • Article
        Lock icon Higher Q2 earnings for Starburst
        40 7 STARBURST Holdings, which specialises in the design and engineering of firearms-training facilities, saw net profit for Q2 rise from S$815,000 to S$3 million on the back of revenue rising from S$2.4 million to S$7.9 million.
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      • Article
        Lock icon L-Jacoberg’s Q2 profit down 9.6%
        62 7 NET profit at Lindeteves-Jacoberg fell 9.6 per cent year-on-year to S$1.2 million for the second quarter ended June. It achieved sales of S$14.8 million, an increase of 9.1 per cent compared with the year-ago period, due to improved sales in Brook Crompton US and Brook
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      • Article
        Lock icon China Taisan back in the black in Q2
        51 7 CHINA Taisan posted a net profit of 55.8 million yuan (S$11.3 million) for the second quarter of 2014, reversing from the year-ago corresponding period’s net loss of 30.9 million yuan. Revenue rose to 329.4 million yuan from 159.4 million yuan a year
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      • Article
        Lock icon Teckwah Q2 profit drops 22.6%
        36 7 TECKWAH Industrial Corporation’s second-quarter net profit dropped 22.6 per cent to S$1.7 million from S$2.2 million a year ago while revenue dipped 3.1 per cent from S$41.5 million to S$40.2 million.
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      • Article
        Lock icon Strong support for IReit Global’s IPO
        76 7 IREIT Global’s initial public offering of an international placement of 156.373 million units to investors outside the US (the placement tranche) and the offering of 11.36 million units to the public in Singapore have received strong support. At the close of the offering on
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    • Article
      Lock icon Delong back in the black for Q2
      353 7  -  By CARINE LEE carinel@sph.com.sg @CarineLeeBT DELONG Holdings returned to the black for the second quarter, posting a net profit of 71.19 million yuan (S$14.45 million) yesterday, against a net loss of 14.26 million yuan a year ago. The turnaround was despite a 4.6
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    • Article
      Lock icon Valuetronics Q1 profit hits HK$33.9m
      377 7  -  Jump in industrial and commercial electronics revenue By JAN LEE janlee@sph.com.sg VALUETRONICS has reported net profit of HK$33.9 million (S$5.5 million) for the first quarter of FY15 ended June 30, up 1.8 per cent from HK$33.3 million a year ago. Revenue climbed 2.5 per cent
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      Lock icon Page 4 Advertisements Column 1
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      241 4 HONORINGTHEBESTIN LOCAL ENTERPRISES RISING TO PROMINENCE The Promising SME 500 2014 Brand Campaign has been a phenomenal success thus far. With a stellar cast of the most talented business minds in Singapore, we are proud to be a national platform that pays tribute to these men and women for their
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      135 5 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.
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      182 5 PSA BUILDING r SIX BATTERY RD SUNTEC TOWER 3 i THE METROPOLIS r SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across the
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market still seeking direction, liquidity
      568 6  -  Prices supported by yearning for yield; banks have mixed outing STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent A WEAK, uninspiring overnight session on Wall Street and a soft day for the Hong Kong market yesterday saw the Straits Times Index give up all its early
      Source: Bloomberg  -  568 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Aug 12 VALUE CLOSE BT OB/OS -961.00 +89.00 BT CADI -*****.00 +18.00 BT 10-day MA -*****.00 -96.00 FTSE ST Mid Cap 766.77 -0.25 FTSE ST Small Cap 550.70 +0.36 FTSE ST All Share 802.55 -0.58 FTSE ST China Top 196.65 +0.34 FTSE ST China 225.71 -0.66 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 7 3 3 0 0 0 7 3 3 Manufacturing 54 54 37 12 10 10 66 64 47 Commerce 28 23 9 6 3 5 34 26 14 Tpt/Stor/Comms 18 14 11
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    • Article
      Lock icon BROKERS’ TAKE
      902 6  -  Compiled by JAMIE LEE Frasers Centrepoint Aug 12 close: S$1.79 DBS Group Research, Aug 12 Q3 2014 results in line with expectations: Frasers Centrepoint Limited (FCL) delivered a Q2 2014 PATMI (profit after tax and minority interests) of S$109.2 million, which was 59 per cent lower y-o-y. The
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,910 13,910 37,142 37,142 Manufacturing 349,503 123,183 472,686 120,102 9,088 129,190 Commerce 59,461 54,120 113,581 59,494 3,541 63,035 Tpt/Stor/Comms 133,029 800 133,829 120,069 109 120,177 Finance 17,132 558 17,690 136,768 130 136,897 Construction 22,277 32,103
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 6 Stock name Close Change Ascendas Reit 2.310 CapitaLand 3.320 -0.040 CapitaMall Trust 1.965 CityDev 9.930 -0.020 ComfortDelGro 2.600 +0.040 DBS Grp 18.040 +0.080 Genting Sing 1.285 Global Logistic 2.730 -0.020 Golden Agri-Res 0.525 HPH Trust USD 0.685 +0.005 HongkongLand USD 6.830 -0.060 JMH 400 USD 58.520
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    • Article, Illustration
      Lock icon Euro falls following poor German data
      484 6 CURRENCIES Reuters [LONDON] The euro fell towards nine-month lows against the US dollar yesterday, hurt by a plunge in German analyst and investor morale in August which added to signs of a slowdown in the eurozone recovery. The German ZEW survey showed both the
      Reuters; PHOTO: BLOOMBERG  -  484 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Artivision Tech 105,243,000 JES Intl 77,287,000 Mirach Energy 77,081,000 Memstar Tech 73,999,000 APAC Strategic 52,819,000 IHC 51,157,000 Jaya 50,196,000 Polaris 43,746,000 Weiye 40,723,000 StratechSystems 38,381,000 VALUE($) DBS Grp 47,079,829 OCBC Bank 44,856,060 UOB 33,548,910 SingTel 29,372,720 Global Logistic 23,868,905 YZJ Shipbldg SGD 23,150,235 CapitaLand 20,143,580 ComfortDelGro
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    • Article
      Lock icon RISES
      117 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 147.6 0.9 SPDRS S&P 500 10US$ ***** 87.5 0.4 DBXT SPASX200 10US$ 4227 68.8 1.3 DBXT iBoxxKR 5US$ ***** 63.8 0.3 Lyxor Indonesia10US$ 9472 61.3 0.5 DBXT E50 10US$ 5091 57.5 0.9 DBXT FTChina25 10US$ 3250 52.5 1.3 DBXT MSKorea 10US$
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    • Article
      Lock icon FALLS
      124 6 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ ***** -81.3 -0.2 DBXT USDIGInfl 5US$ ***** -77.5 -0.2 DBXT EONIA 5US$ ***** -70.0 -0.3 DBXT AUD Bonds 5AU$ ***** -42.9 -0.2 Envictus 14.8 -29.2 -66.4 DBXT S&P Short 10US$ 2404 -25.0 -0.8 DBXT iBoxxSing 5SG$ ***** -20.0 -0.2 DBXT AUDCS 5US$
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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  • SINGAPORE NEWS
    • Article
      Lock icon Time to review cooling steps, say property players
      514 8  -  Participants urge caution while buying overseas assets NATIONAL REAL ESTATE CONGRESS Reports by LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT EVEN though the government has reiterated that it is not yet time to lift the property cooling measures, some real estate consultants are calling for
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    • Article, Illustration
      Lock icon NTU start-up launches 3D printer-cum-scanner
      439 8  -  BY. CAI YONG caiyong@sph.com.sg A NANYANG Technological University (NTU) start-up called Blacksmith Group has forged a new tech toy a 3D printer-cum-scanner half the size of anything now in the market. The inspiration for its design? A record player. In a record player, the stylus
      PHOTO: DIOS VINCOY JR/THE STRAITS TIMES  -  439 words
    • Article, Illustration
      Lock icon S$200k raised for President’s Challenge
      181 8 A CONCERT last night raised S$200,000 for the President’s Challenge an annual campaign started in 2000 to raise funds for charity in the President’s name. The concert is part of the My Singapore Project started in 2011 by local singer-songwriter Lorraine Tan, who performed at
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    • Article
      Lock icon Office, retail segments to lure investors
      414 8 Affordable capital values among many pull factors for commercial property LED by rising rents and limited supply in the near-term, investment activities are expected to hold up for office and retail space. The absence of additional buyer’s stamp duty (ABSD) and seller’s stamp duty
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    • Article, Illustration
      Lock icon Expanding Dough Culture
      931 8  -  A husband and wife duo keeps alive a food tradition in line with modern tastes. YAPreports LIVIA YAP ‘WHAT do you take your youtiao with soymilk or coffee?’ Alex Ong tells this reporter that he asks this question to nearly everyone he meets; younger customers tend to
      PHOTO: ARTHUR LEE  -  931 words
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      85 8 This profile is the sixth 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
      Lock icon Guocoland M’sia surges on privatisation talk
      538 9  -  Price leap yesterday follows earlier surge in active trading By in S JAYASANKARAN in Kuala Lumpur THE share price of property developer Guocoland Malaysia leaped nearly 10 per cent yesterday to RM1.94 (S$0.76) apiece on speculation that its billionaire controlling shareholder Quek Leng Chan
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    • Article
      Lock icon Indonesia bond rally wanes amid political row, wars
      444 9 Bloomberg [JAKARTA] South-east Asia’s best-performing US dollar-denominated corporate bond market is faltering as Indonesia’s new president seeks to deliver on election promises amid legal challenges and global military conflicts. Yield premiums for the notes have climbed 36 basis points since touching a
      Bloomberg  -  444 words
    • Article, Illustration
      Lock icon Dr M: Full Khazanah ownership will not revive MAS
      676 9  -  He says carrier would be subject to even less scrutiny once delisted By in PAULINE NG in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad yesterday criticised the takeover of Malaysia Airlines by Khazanah Nasional, the country’s sovereign wealth fund, saying
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  • CHINA/INDIA
    • Article
      Lock icon China antitrust crackdown threatens foreign profits
      847 10 New rules will erode earnings and create uncertain business climate Bloomberg [SHANGHAI] China’s antitrust crackdown signals a new era of regulatory scrutiny in the country and threatens to end the days when products from Audi sedans to Starbucks lattes generate fatter profits in Beijing
      Bloomberg  -  847 words
    • Article, Illustration
      Lock icon Cut out middlemen from govt schemes, Modi told
      460 10 Transfer money directly to poor: central bank chief Bloomberg [NEW DELHI] Indian central bank governor Raghuram Rajan urged the government to directly transfer cash to the poor instead of offering public services, saying the money would liberate millions from corrupt middlemen and
      Bloomberg  -  460 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      1385 10 The Business Times Ik IT 1 Toll free 1800-289-8822 I I I Email notices W I i j ij www.sphclass.com.sg/notices STamfORD runes STAMFORD TYRES CORPORATION LIMITED Company Registration No: *****4416M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fifth Annual General
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      1110 10 «ea*««3» «iisnns» showbiz.omy.sg The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LOTTE SHOPPING REIT MANAGEMENT SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2766G) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting
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  • WORLD
    • Article, Illustration
      Lock icon Poor growth a pointer to future, says Fed official
      794 11 Stanley Fischer sees a fundamental structural change in advanced economies NYT [NEW YORK] Sounding a sombre note even as the economic outlook in the United States brightens, the Federal Reserve’s No 2 official acknowledged that global growth had been “disappointing” and
      NYT; PHOTO: BLOOMBERG  -  794 words
    • Article
      Lock icon PE firms seek assurance from US watchdogs
      491 11 Reu ters [NEW YORK] The private equity industry’s lobbying group met officials from the US Office of the Comptroller of the Currency (OCC) and the Federal Reserve last week to address concerns over a crackdown on junk-rated loans, people familiar with the matter
      Reuters  -  491 words
    • Article
      Lock icon Wider impact seen from customs deal failure
      203 11 Reuters [MEXICO CITY] Failure to reach a global customs rules deal could have a “considerable impact” on other areas of global trade negotiation, World Trade Organization direc-tor-general Roberto Azevedo said during a visit to Mexico. Late last month, India torpedoed a deal to
      Reuters  -  203 words
    • Article
      Lock icon StanChart looks back to spot money laundering
      502 12 Penalties to follow review of problem deals that slipped through software Reuters [ST LOUIS] Standard Chartered will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software
      Reuters  -  502 words
    • Article
      Lock icon Business conditions in Australia at 4-year peak
      389 12 Reuters [SYDNEY] A measure of Australian business conditions hit its highest level in four years in July as firms reported a sharp pick-up in sales and profitability, a promising start to the third quarter after a couple of disappointing months. There was also
      Reuters  -  389 words
    • Article
      Lock icon High inflation, low growth may mar Abe’s plan
      968 13 Even as prices rise, economy may slip into recession on weak exports, consumption Reuters [TOKYO] Japanese companies, long bedevilled by deflation, are finally starting to pass on higher costs to their customers just as the economy stumbles, potentially complicating decisions for Prime
      Reuters  -  968 words
    • Article, Illustration
      Lock icon Gifted actor unafraid of his own shadows
      818 13 OBITUARY: ROBIN WILLIAMS, 1951-2014 WP [WASHINGTON] Robin Williams was too much. For much of his career, the irrepressible Williams, who was found dead in a suspected suicide on Monday at the age of 63, forswore subtlety. Ever since bursting into the public consciousness
      WP; PHOTOS: AFP, REUTERS  -  818 words
    • Article
      Lock icon Master limited partnerships in doubt after pioneer Kinder Morgan bails
      997 14 Making things worse is renewed scrutiny by the US Treasury Department over loss of tax revenue NYT [NEW YORK] What happens when the pioneer of an industry abandons its own legacy? When Kinder Morgan announced on Sunday that it was
      NYT  -  997 words
    • Article, Illustration
      Lock icon Apple takes its health data service to hospitals
      728 14 Reuters [SAN FRANCISCO] Apple Inc has been discussing how its HealthKit service will work with health providers at Mount Sinai, the Cleveland Clinic and Johns Hopkins as well as with Allscripts, a competitor to electronic health records provider Epic Systems, according to
      Reuters; PHOTO: REUTERS  -  728 words
    • Article
      Lock icon Investors turn aggressive amid tough markets
      565 15 Forensic accounting and investigative research techniques are paying off Reuters [LONDON] Fund managers are increasingly turning to investigative tactics, detailed accounting analysis and corporate sleuthing in a bid to uncover skeletons in company closets that can offer an investment edge in a low-yield world.
      Reuters  -  565 words
    • Article, Illustration
      Lock icon Aussies sue over ‘enormous’ credit card late fees
      380 15 AFP [SYDNEY] An “enormous” class action over credit card late fees charged by financial institutions, including Citibank and Westpac, on behalf on all their customers was filed in an Australian court yesterday. The action which could become Australia’s biggest consumer lawsuit was
      AFP; PHOTO: AFP  -  380 words
    • BRIEFING
      • Article
        Lock icon Sweden’s SCA refinances US$2.6b of loans
        99 15 Reuters [LONDON] Swedish hygiene and paper products maker SCA has refinanced US$2.67 billion of existing loans, by agreeing a new one billion euro (S$1.67 billion) facility and amending an existing facility, the lead banks said yesterday. SCA’s new revolving credit facility has a five-year
        Reuters  -  99 words
      • Article
        Lock icon Prudential H1 profit triples to US$1.92b
        135 15 AFP [LONDON] Insurer Prudential posted surging half-year profits yesterday, despite facing some difficulties in key markets Asia and Britain, it said. Net profit soared to US$1.92 billion in the six months to June 30, more than three times the amount recorded in the first
        AFP  -  135 words
      • Article
        Lock icon Shell cutting 250 onshore jobs in Scotland
        101 15 Reuters [LONDON] Royal Dutch Shell will cut around 250 jobs at its onshore North Sea oil operations in Aberdeen, Scotland as part of a business restructuring, a spokesman said yesterday. The oil and gas company said that the job reductions in Aberdeen will
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        Lock icon German investor morale falls on Ukraine worries
        106 15 Reuters [MANNHEIM] German analyst and investor morale plunged in August to its lowest level in more than 11/2 years as the crisis in Ukraine took its toll, a survey showed, suggesting that Europe’s largest economy is running out of steam. Mannheim-based think-tank ZEW’s
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      176 11 Best £W to Thou** cities with these exclusive all-in MasterCard® fares from BUSINESS ECONOMY CLASS CLASS A St m t Tt 3 fell f <k /*»> 1 Sr <T. i V A v\ r" Book now to enjoy these one-to-go super fares* Call your favourite Travel Agent or visit thaiairways.com.sg
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      2851 12 The Business Times Ik I 1 I /“I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg J J i j L J www.sphclass.com.sg/notices RENEWABLE ENERGY ASIA GROUP LIMITED (Company Registration No. *****) (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting
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      333 13 m UP***** SUNTEC SINGAPORE INTERNATIONAL CONVENTION EXHIBITION CENTRE jgJT 3RD FLOOR EXHIBITION HALL El 19 21 AUGUST 2014 10:00AM TO 6:30PM FREE ADMISSION! For enquiries, please contact us at +65 6337 8381 or david@sccci.org.sg SINGAPORE CHINA (NINGBO& QINGDAO) IMPORT AND EXPORT FAIR KfiPi® *19 Tiffin wa iaaiPSppS^ Singapore China (Ningbo
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      1938 14 The Business Times Ik T I 1 I TolI free 1800-289-8822 fl I I Email notices@sph.com.sg I V i j L J www.sphclass.com.sg/notices KOP LIMITED Registration No. *****5164G (Incorporated in the Republic of Singapore) NOTICE OF TENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting
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      213 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SHIPOWNERS’ ASIA PTE. LIMITED. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO.: *****3550K FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that a final meeting of the member of
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      3319 15 XMH XMH HOLDINGS LTD. (Incorporated in the Republic of Singapore) Company Registration Number *****0562M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of XMH HOLDINGS LTD. (the “Company”) will be held at Warren Golf Country Club, 81 Choa Chu Kang Way. Singapore *****3 on
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  • EDITORIAL & OPINION
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      Lock icon Ways to enhance market liquidity
      488 16 EDITORIAL AMONG the problems the local stock market has been struggling with for many months now, perhaps the most pressing is low liquidity. Even though this is not confined solely to Singapore according to data compiled by the World Federation of Exchanges, equity trading turnover
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      Lock icon US economy getting senile despite being in the Net age
      779 16  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group [WASHINGTON] We may have a “senile economy”, says economist Robert Litan of the Brookings Institution. That’s senile as in old, rigid and undynamic. We are taught otherwise. Americans are reared
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      Lock icon Central banking after the crisis: the challenges ahead
      1272 16  -  Central banks need to consider what, when and how to put out information to the public By DUVVURI SUBBARAO The writer is former governor of the Reserve Bank of India and Distinguished Visiting Fellow at NUS Business School. This article was first
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      Lock icon Obama in clean-up role – reluctantly
      1086 17  - Obama in clean-up role reluctantly He inherited an Iraq broken up by his predecessor but now owns the fallout, even as other priorities are pressing LEON HADAR Washington Correspondent IT’S not very common for American officials to compare US foreign policy to a policy being pursued by a retail store.
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      Lock icon Hiring right talent is tough business
      1044 17  -  By MATTHEW GLASNER The writer is managing director, South Asia Pacific, First Advantage WITH the increase in employee attrition in job markets across the Asia-Pacific, recruiters are spending long hours browsing and filtering the most suitable candidates from thousands of resumes available across different
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      Lock icon Ways to deal with excessive stock-price movements
      327 17 LETTER TO THE EDITOR I AGREE with your editorial “Prevent next market debacle, not just fix it” (BT, Aug 12). I would like to propose two measures that, if implemented, will lead to greater transparency in the market and increase investor confidence. These
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      Lock icon Penalties under transboundary haze law too low
      564 17  -  By NG YEW-KWANG The writer is Winsemius Professor in Economics at Nanyang Technological University, Singapore IT is reassuring to see the Singapore government doing something about the transboundary haze problem. However, the maximum penalties provided are way too low. As reported, the fines
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  • Transport HUB
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      Lock icon Good and bad news for bulk carrier owners
      783 18  -  Freight rates set to rise with global economic recovery; insurer warns of poor quality work on newbuilds STRAIT TALK By DAVID HUGHES ULK carrier owners have been struggling against a very poor market for nearly two years but, it seems, there is
      783 words
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      Lock icon Gaza port launched in 2000 gets a fresh lease at truce talks
      1264 18 NYT [GAZA STRIP] An unmarked dirt lot about the size of a football field, on a cliff above the crashing waves of the Mediterranean, could be a crucial element in ending the month-long battle between Israel and Palestinian
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    • Article
      Lock icon TRANSPORT STOCKS
      243 18 SGX '000 Aug 12 S$ +/-Vol Ch Offshore 0.48 unch 60 Chuan Hup Hldg 0.30 0.01 326 Aug 12 Cwt Limited................1.70 -0.01 433 First Ship Lea 0.09 unch 118 Grand Banks 0.26 -0.01 112 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp 10.86 0.02 1698 Mercator Lines
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    • TRANSPORT HUB: AVIATION
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        Lock icon Ensuring MH17 won’t happen again
        543 19  -  Challenge to identify and close the gaps in the system that led to the tragedy By TONY TYLER The writer is the director-general of the International Air Transport Association (Iata) JULY 2014 was a very sad month for everyone involved with aviation. The industry’s thoughts
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        Lock icon Jet Airways to close budget units by year-end
        457 19 Bloomberg [NEW DELHI] Jet Airways India Ltd, the Indian carrier 24 per cent owned by Etihad Airways, will end its budget-airline units in an effort to turn its local operations profitable, chairman Naresh Goyal said. The airline will close its Jetlite and
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      • Article
        Lock icon New revenue source to save Pittsburgh
        1018 19 Struggling airport finds natural gas under its runways NYT [PITTSBURGH] Where 600 flights used to take off and land every day here at Pittsburgh International Airport, there are now about 300. Partway down Terminal B, the moving sidewalk that used to lead to a
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      • Article
        Lock icon Lithium batteries’ explosion risk higher than thought
        425 19 Findings raise the safety issue about their use on planes WP [WASHINGTON] New research shows that lithium batteries can explode and burn even more violently than previously thought, raising questions about their use and shipment on passenger airplanes. Because many airlines are replacing
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    • TRANSPORT HUB: LAND
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        Lock icon Sleeker, fuel-efficient SUVs back in vogue
        835 20 Arrival of compact, small and cheaper models makes SUV most popular vehicle Bloomberg [SOUTHFIELD, Michigan] When Dennis Bashaw last considered buying a sport-utility vehicle a decade ago, he saw them as gas-guzzling road hogs. So he was stunned last month to find an array
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      • Article
        Lock icon 1962 Ferrari 250 GTO may fetch up to US$75m
        766 20 Bloomberg [NEW YORK] A Ferrari 250 GTO Berlinetta owned by the scion of a wealthy Italian family for 49 years may race off as the world’s most expensive car when it’s auctioned for as much as US$75 million. Bonhams will offer
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      • Article
        Lock icon Lyft alleges Uber staff made and cancelled bookings
        332 20 Bloomberg [SAN FRANCISCO] Lyft Inc is shifting to a higher gear in its drive to compete with Uber Technologies. On Monday, the San Francisco-based ride-shar-ing startup released data that said employees of rival Uber have ordered and cancelled more than 5,000 Lyft
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      97 18 th n Editio 11 14 September 2014 Singapore EXPO Hall 5 11am 10pm Daily Participate in Singapore’s BIGGEST Showcase Of Food Products Sell local international food products to over 250,000 visitors during the September school holiday period! Book Your Space NOW! *Limited Booths Available! For more information, call *****620 or
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      90 18 /2nd An^jal 10-12 November 2014 Suntec Singapore Convention Exhibition Centre www.patientcareasia.com PabienbCare Asia 2014 Event Highlights Network with 250+ healthcare leaders and practitioners Learn from 10 case studies from top hospitals across Asia Opening keynote by Randall Carter, Senior Vice President of Planetree, United States Special rates* for healthcare institutions!
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  • Page 19 Miscellaneous
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      354 19 CRYPTIC CROSSWORD Across 1 Stays if worried about performer meeting requirements (12) 9 Continuing drama, like this artist pursuing a religious leader (4,5) 10 Music written for twenty? (5) 11 Traces of European Commission houses without us (6) 12 Some compromise, as on a limit at a particular time of
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      171 20 ST Se Sh S3 I STPROPERTY INVEST REBATE RM8,888 to first 8 property purchasers iii? Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 I 8.30am 5.00pm SEMINAR TOPICS SPEAKERS a Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong Senior Director
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      36 20 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg n 4 A SUSTAINABLE BUILT Iff* To Exhibit: Tel:+65 6319 4021 Email: fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg rix saw
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      18 20 KISS92 All the "“"t qnnas in one P lac^M 'A m Wm&i2y2s .14 1 WEEKDAYS 4PM-8PM facebook.com/kiss92fm www.kiss92.sg
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  • Article
    Lock icon SHIPPING TIMES
    2130 21 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      54 21 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
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      112 22 Shipping lines seeking reliable Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 Publicise Your Del iver y Of^l ■r Newbuildsl *NO MAMINS Of CESSFOt COMPLETION Come publicise your Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment,
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      4215 23 Transaction date: Aug 12 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 13.3 10.4 8Telecom Vol Day Last Quote --AAT Div Gr Yld C'vr Net 153.1 130.4 AIMSAMP Cap Reit
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      Lock icon SGX CATALIST
      492 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 Vol Day 1.9 0.7 t Advanced Systems 0.7 unch 219 0.7 0.7 0.7 0.8 13.6 Div Gr Yld Net
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10382 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Aberdeen Asset Mgt Asia Limited 1.58/ APS Alpha Fund (USD)!* 1.27/ Aberdeen Asset Mat Asia Limited China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** 2 0738/ Indonesia Equity
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      Lock icon GLOBALQUOTE
      235 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 343 250 TanChongInt HK318 unch 84 318 318 317 319 9.7 3.3 3.1 6404.2 DISCLAIMER: All information is published “as is” without warranty of any kind
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      Lock icon SGX ETF
      1122 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.2 -0.1 1 116.2 116.2 116 116.2 530.4 135.5 119 CIMB APAC Div 100S$D 134.7 +0.7 134.7 134.7 133.4 136
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      652 25 Aug 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.73 *****.98 *****.93 Sep14 *****.00 *****.00 *****.00 *****.00 *****7 *****2 Dec14 *****.00 *****.00 *****.00 *****.00 6 ***** MSCI TAIWAN INDEX FUTURES SPOT 332.72 333.35 330.87 Aug14 329.30 331.70 328.40 329.80 ***** *****7 Sep14 329.20
      652 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 11 Index Change Change Change Change Change Change World Preliminary 1217.8 0.9 2.8 0.8 1.6 0.8 2.6 EAFE Preliminary 945.5 1.3 -1.1 1.0 -2.3 1.1 -1.3 Europe Preliminary 1343.2 1.2 -0.9
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Aug 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 5.704 0.693 7.180 56.673 108.209 0.947 9.514 2.959 1.100 91.620 40.621 1.158 9.867 0.841 27.816 29.733 0.552 0.926 Canada 0.986 5.627
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    • Article
      Lock icon SIBOR
      37 25 Aug 12 (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
      76 25 Aug 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.11 5-Year NX*****W 2.5 01-Jun-19 105.69 105.78 105.77 10-Year NY*****H 3.000 01-Sep-24 105.61 105.70
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    • Article
      Lock icon PRECIOUS METALS
      118 25 Aug 12 GOLD(US$/oz) Aug 12 Aug 11 Hong Kong 1314.00 1310.00 Aug 11 Aug 08 London 1306.80 1311.00 1307.00 1311.65 Source: Thomson Reuters CAST BAR Aug 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 315 261 10gm 588 524
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    • Article
      Lock icon PALM OIL
      57 25 Aug 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2230.0 2228.0 2230.0 2200.0 30 885 Sep 14 2195.0 2212.0 2221.0 2189.0 2413 ***** Oct 14 2172.0 2187.0 2196.0 2162.0 ***** ***** Nov 14 2166.0 2183.0
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Aug 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1580 1.1587 0.9260 0.9265 Canadian dollar 1.1422 1.1430 0.9140 0.9134 Euro 1.6714 1.6719 1.3366 1.3369 NZ dollar 1.0529 1.0536 0.8420 0.8425 Sterling pound 2.0971 2.0978 1.6770 1.6774
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    • Article
      Lock icon CHICAGO BOT
      109 25 Aug 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1314.75 1284.75 1336.25 1281.00 Sep 14 1108.50 1113.75 1128.75 1106.00 Nov 14 1073.25 1084.75 1089.25 1072.00 Jan 15 1081.75 1093.25 1097.25 1080.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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      Lock icon LIFFE
      95 25 Aug 11 COCOA (£/tonne) Close Prev High Low Sep 14 2026 2027 2033 2021 Dec 14 2007 2004 2013 2000 Mar 15 1971 1966 1978 1963 May 15 1954 1951 1962 1947 COFFEE(US$/tonne) Close Prev High Low Sep 14 1986 1948 1989 1934 Nov 14 1997 1959 2000 1946
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      964 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -57 3.82 47 Asia-Pacific Strategic W*****6 3.9 unch 3960 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Aug 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.70 0.31 WTI (Near Mth) 98.05 0.50 Dubai (1-Mth F) 103.32 -1.36 Tapis blend 106.69 -1.85 Minas 102.39 -1.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.22 -1.22 Jet Kerosene 117.37 -1.50 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 25 Aug 12 S$ S$ Bid Offer 1-month 1.2505 1.2506 2-months 1.2505 1.2506 3-months 1.2504 1.2506 6-months 1.2503 1.2504 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 25 Aug-11 Aug-11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2020.25 2019.75 3 months 2033.50 2024.00 Copper, Grade A(US$/tonne) Cash 7011.00 7010.75 3 months 6995.00 6995.00 Lead(US$/tonne) Cash 2251.50 2236.50 3 months 2257.00 2240.00 Nickel (US$/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 25 As at 9am Aug 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.183 1.127 Can dollar 1.164 1.120 Euro 1.710 1.629 Sterling pound 2.136 2.054 NZ dollar 1.081 1.040 US dollar 1.274 1.214 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 25 Aug 12 $S Offer Bid 0vernight 0.07 0.02 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.06 US$ 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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  • executive Money
    • Article, Illustration
      Lock icon HK-Shanghai stock gaps to disappear
      599 26 Morgan Stanley analyst says creation of a ‘one-China’ market will lead to price convergence Bloomberg [SHANGHAI] THE days of paying different prices for the same stock in Hong Kong and Shanghai are numbered, according to Morgan Stanley. Valuation gaps between dual-listed shares will disappear as
      Bloomberg; PHOTO: BLOOMBERG  -  599 words
    • Article, Illustration
      Lock icon Should you cancel your Integrated Shield Plans?
      1242 26  -  MONEY MATTERS JASON ONG The writer is a certified financial planner MY client Ms Tan recently asked me if she should terminate her father’s private Integrated Shield Plan (IP) with Aviva, after reading some newspaper reports on MediShield Life which is expected to
      PHOTO: YEN MENG JIIN  -  1,242 words
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      Lock icon Rise of a Chinese investment bank
      1332 27 From financing a startup’s IPO in New York, China Renaissance has leapfrogged some big Wall Street names NYT [HONG KONG] WHEN Alan Guo was chief strategist at Google China, he would occasionally have leisurely conversations with Fan Bao, a Beijing banker, exchanging ideas about
      NYT; PHOTO: REUTERS  -  1,332 words
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      131 27 SINGAPORE’S BIGGEST IT AND CONSUMER ELECTRONICS EXHIBITION comex CONNECTS YOU TO TECHNOLOGY K CATCH OUR SPOKESMODELS AT THE FIRST-EVER TECH FASHION SHOW AT COMEX THIS YEAR! GO TO OUR FACEBOOK PAGE: ComexITShow TO ENTER THE CONTEST. SEE BOTH BEAUTY TECH AND SAY HELLO AS WE UNVEIL OUR PARTICIPATING EXHIBITORS’ SPOKESMODELS.
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      27 27 OUT NOW IN BOOKSTORES* KINOKUNIYA TIMES M PH 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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      150 28 GET THE STRAITS TIMES ON THE GO WHEREVER YOU ARE. SUBSCRI BE NOW AND CHOOSE ONE OF THE FOLLOWING GADGETS ON THE GO 3 YEAR PLAN FULLY REDEEMED J i i Jk /It n r r i W I Iv Dell Inspiron 20' 3000 Series AIO (Touch) 2 YEAR PLAN
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