The Business Times, 25 August 2014
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2014-08-25
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The Business Times
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Title Section25 2014-08-25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Monday, August 25, 201425 words
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Article, Illustration915 2014-08-25 1 LEE MEIXIAN - Fast-developing continent offers huge prospects for international planners and builders By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] The rapidly developing continent of Africa has been attracting global urban consultants to compete for building and planning projects. These include not just the Americans and Europeans,PHOTO: ARTHUR LEE - 915 words
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MARKETS DIGEST
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Article57 2014-08-25 1 Weekly Change ST INDEX 3,325.50 +10.73 KL COMP 1,870.99 +6.68 NIKKEI 225 15,539.19 +220.85 HANG SENG 25,112.23 +157.29 SET INDEX 1,556.97 +10.35 JAKARTA COMP 5,198.90 +49.94 MANILA COMP 7,133.09 +124.58 SEOUL COMP 2,056.70 -6.52 SHENZHEN B 942.51 -5.48 MUMBAI IND 26,419.55 +316.32 DOW 17,001.22 +338.31 NASDAQ 4,538.55 +73.62 S&P57 words
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Article22 2014-08-25 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 14.775 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg22 words
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Article49 2014-08-25 1 US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.659 2.070 EURO (US$/S$/E) 1.329 1.658 Foreign currency per US$ S$ YEN 103.80 83.10 RM 3.160 2.532 HK$ 7.750 6.210 BAHT 31.93 25.59 RUPIAH 11,677 9,357 RENMINBI 6.154 4.931 INDIAN RUPEE 60.49 48.47 A$ 1.073 0.859 NZ$ 1.188 0.95249 words
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634 2014-08-25 1 LEE U-WEN - It’ll coordinate work of 8 public agencies to address common everyday life issues By LEE U-WEN By leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Although the new Municipal Services Office (MSO) will be officially launched on Oct 1, the woman in charge of this latest634 words
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Page 1 Advertisements
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Advertisement90 2014-08-25 1 TOPLINE Halcyon finds bounce in old rubber trade PAGE 4 DINING OUT Modern flourish on French cuisine PAGE 19 BOARDROOM MATTERS Conduct due diligence before accepting a directorship PAGE 4 VIEWS FROM THE TOP CPF and your retirement needs PAGES 14-15 BT WEBSITES For breaking news, go to businesstimes.com.sg. For90 words
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TOP STORIES
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Article, Illustration1049 2014-08-25 2 LEE MEIXIAN; ANDREA SOH - They find other ways to continue working as the Ebola crisis spreads By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT Additional reporting by ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] Singapore businesses with a presence in Ebola-stricken West Africa are cutting down on their employees’ non-es-sential travels and findingPHOTO: REUTERS; BT Graphics: Lee Meixian, Simon Ang, Jonathan Goh; Source: World Bank Data (As at 2013) - 1,049 words
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Article521 2014-08-25 2 Rich Africa pickings beckon Singapore urban experts THE rapidly developing continent of Africa has been attracting global urban consultants to compete for building and planning projects. FRONT PAGE New Municipal Services Office to open on Oct 1 ALTHOUGH the new Municipal Services Office will be officially launched on521 words
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Article, Illustration318 2014-08-25 2 LEE U-WEN - Dispute arbitration hearings in London completed: report By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The arbitration process to settle a dispute between Singapore and Malaysia over development charges on certain parcels of former Malayan Railway land in Singapore hasST FILE PHOTO - 318 words
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Article, Illustration667 2014-08-25 3 ANITA GABRIEL - Airline needs a competent outsider to come in and fix things COMMENTARY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent THE hunt for the person who will lead beleaguered Malaysia Airlines’ (MAS) major cleanup is no ordinary chief executive search. The667 words
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Article, Illustration688 2014-08-25 3 ROB CURRAN - Traders focused on US economy, timing of Fed’s rate hike WALL STREET INSIGHT By ROB CURRAN LAST week, the broad Standard Poor’s 500 closed near a new record high even as Russia and Ukraine moved to the brink of war andPHOTO: AFP - 688 words
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Page 3 Advertisements
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Advertisement174 2014-08-25 3 More comfort per kilometer. The new C-Class. The best knows no alternative. The well-being you experience when you step into the new C-Class is unmatched. Crafted with a roomier cabin, the new C-Class impresses further with the AIR-BALANCE package that not only ionises the air, but allows you to perfume174 words
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COMPANY NEWS
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Article, Illustration1445 2014-08-25 4 JAMIE LEE - Chief sees market returning to normal in 3-6 mths. TOPLINE ByJAMIE JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THERE’S a new force in the rubber sector. With prized assets from industry stalwart, Lee Rubber, Halcyon Agri Corporation’s chairman Robert Meyer wants to take on aFILE PHOTO - 1,445 words
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Article, Illustration820 2014-08-25 4 MIKE GRAY - Two key areas of potential concern are company financials and board dynamics. BY MIKE GRAY The writer is a member of the publications committee of the Singapore Institute of Directors (SID) CONGRATULATIONS! You have been invited to join the board of a company820 words
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1808 2014-08-25 5 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYING was flat while selling among directors was low for the third straight week based on Aug 18-22 filings on Singapore Exchange. Buyers outnumbered sellers with 13 companies recording 27 purchases worth1,808 words
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Article1740 2014-08-25 5 Payment Ex Rec Pay Ann (cts) date date date date ABR aw 1.000 27-Aug 29-Aug 18-Sep 22-Aug AIMS Property Sec Fund ag 0.017 26-Jun 30-Jun 19-Sep 23-Jun AIMSAMP Cap Reit (1 Apr-30 Jun 14) ct 2.550 05-Aug 07-Aug 23-Sep 30-Jul Ascott Residence Trust (1 Jan to 30 Jun14)1,740 words
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Article309 2014-08-25 5 COMPANY MEETING PLACE DATE TIME S121 Ltd E NTUC Centre 1 Marina Boulevard Level 7) Auditorium 25-Aug 11.00am Sitra Hldgs E 15 Hillview Terrace 25-Aug 9.30am Loyz Energy Ltd E 15 Hoe Chiang Road #18-01 Tower 15 27-Aug 11.00am Ace Achieve Info A Serai Room (Level 4) Village309 words
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Article265 2014-08-25 5 Aug 22 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 ...6.00 Bank of Taiwan Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50 Bank of Taiwan Chang Hwa Commercial265 words
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Page 4 Advertisements
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Advertisement28 2014-08-25 4 Old private properties along TEL may opt for enbloc from 2017 ’2#0!6,3,187 To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg28 words
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Page 5 Advertisements
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Advertisement5 2014-08-25 5 The power of global connectionsTM5 words
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SINGAPORE MARKETS
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Article, Illustration572 2014-08-25 6 CAI HAOXIANG - STOCKS CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent GIVEN how US central bank policy plays a significant role in Asian markets, Federal Reserve chairwoman J ane t Y e ll en s speech last Friday at the annual central banker talkshop in Jackson Hole was closely572 words
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924 2014-08-25 6 COMMODITIES AFP [LONDON] Raw material prices diverged in the Aug 15-22 week on mixed economic data from the United States and China and an easing of geopolitical concerns, analysts said. On Friday, all eyes were on Janet Yellen as the head of theAFP - 924 words
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451 2014-08-25 6 CURRENCIES Bloom berg [LONDON] The pound fell for a seventh week versus the US dollar, the longest slide since 2008, as data showing inflation quickened less than economists forecast reduced bets that the Bank of England (BOE) is close to raising interestBloomberg - 451 words
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Article1598 2014-08-25 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 10.09 14.62 1.55 1.48 Amtek Engineering Ltd 3.00 3.00 2 0.05 10.33 0.56 0.64 ARA Asset Mgt Ltd 2.001,598 words
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Article77 2014-08-25 6 Aug 22 VALUE CLOSE BT OB/OS 275.00 +258.00 BT CADI -*****.00 +36.00 BT 10-day MA -*****.00 +28.00 FTSE ST Mid Cap 779.42 +3.96 FTSE ST Small Cap 556.11 -0.13 FTSE ST All Share 809.38 +0.93 FTSE ST China Top 198.86 +0.39 FTSE ST China 229.70 +0.88 FTSE77 words
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Article56 2014-08-25 6 VOLUME Mirach Energy 477,160,000 Singapore eDev 340,609,000 ThaiBev 307,025,000 APAC Strategic 292,099,000 IHC 284,705,000 Artivision Tech 284,141,000 MDR W*****5 224,071,000 Weiye 189,464,000 Jaya 179,495,000 Blumont 178,366,000 VALUE($) OCBC Bank 299,362,420 DBS Grp 228,097,901 ThaiBev 205,037,695 SingTel 202,581,050 UOB 152,103,274 CapitaLand 147,227,272 Global Logistic 122,468,965 Mirach Energy 100,900,86956 words
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Article120 2014-08-25 6 BY CENTS CLOSE UP IS S&P500 ***** 1517.4 6.4 SPDRS S&P 500 10US$ ***** 455.5 1.9 SPDR DJIA 10US$ ***** 376.9 1.8 DBXT Nifty 10US$ ***** 349.4 2.1 DBXT MSUSA 10US$ 5009 96.1 1.6 DBXT S&P500 10US$ 3326 84.9 2.1 DBXT SPASX200 10US$ 4355 81.1 1.5 DBXT MSEurope 10US$120 words
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Article130 2014-08-25 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -386.8 -2.5 DBXT EONIA 5US$ ***** -219.6 -0.9 DBXT iBoxxSvEu 5US$ ***** -159.7 -0.5 DBXT USDIGInfl 5US$ ***** -99.8 -0.3 DBXT AUD Bonds 5AU$ ***** -98.6 -0.4 Lyxor AsiaCS 10US$ 6270 -96.1 -1.2 Jardine C&C 4450 -75.0 -1.7 DBXT MSKorea 10US$ 6563130 words
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Page 7 Advertisements
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Advertisement30 2014-08-25 7 Swiss quality. The travel version. Fly directly from Singapore to Switzerland and experience how Swiss quality and hospitality can turn any journey into something special. Find out more on swiss.com30 words
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SINGAPORE NEWS
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Article, Illustration401 2014-08-25 8 AMANDA EBER - NTU students design electronic scale built into the baggage handle INNOVATION By AMANDA EBER aeber@sph.com.sg HAVING to open up your luggage and repack it at the airline check-in counter is never a pleasant experience. However, it can sometimes be difficult for travellers to401 words
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Article, Illustration100 2014-08-25 8 A TOTAL of 134 graduates of the Citi-ASKI Overseas Workers Financial Stability Program received their certificates yesterday from Philippine Ambassador to Singapore Antonio Morales (in white) and Citi Asean chief auditor Margie Pagdanganan (far right). The one-year programme, supported by the Citi Foundation, was set up100 words
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Article, Illustration315 2014-08-25 8 KELLY TAY - By KELLY TAY By kellytay@sph.com.sg @KellyTayBT Needy students get help with expenses OVER 1,500 needy students in the South West District will have their schooling expenses defrayed, thanks to the DSO National Laboratories and South West Community Development Council (CDC) education grant. For the third year running, the315 words
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Article, Illustration1128 2014-08-25 8 industry,reportsAMANDA EBER - Although it is still relatively small and new, a number of factors have given Century Water an advantage in the water treatment industry, reports AMANDA EBER industry,reportsAMANDA industry,reportsAMANDA EBER aeber@sph.com.sg HOME-GROWN company Century Water Systems and Technologies takes pride in providing high-end industrial water treatmentPHOTO: YEN MENG JIIN - 1,128 words
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Page 8 Advertisements
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Advertisement86 2014-08-25 8 This profile is the 1 5th 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 an86 words
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Page 9 Advertisements
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Advertisement583 2014-08-25 9 PROUDLY PRESENTED BY SI As 15th Securities Investors Association (Singapore) 9 O Iv 5 th SINGAPORE week CORPORATE GOVERNANCE WEEK 27th-31 st October 2014 SAVE THE DATE Register Online Now! Visit www.sias.org.sg cgweeK201 4 GLOBAL CORPORATE GOVERNANCE CONFERENCE “Who Is Really In-Charge?” 27th October 2014, Monday 9am-5.30pm Marina Bay Sands583 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1694 2014-08-25 10 ANNA STUPNYTSKA - But any escalation in the geopolitical conflicts could derail recovery, saysANNA ANNA STUPNYTSKA The writer is Fidelity’s global economist THE first half of this year painted a mixed growth picture. Downside growth surprises in the US, euro area and Japan contrasted sharply with strong-er-than-expected growthPHOTO: AFP - 1,694 words
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Article, Illustration616 2014-08-25 10 Investors bet that Putin’s meeting with Ukraine counterpart would reduce tension Bloomberg [MOSCOW] Last Thursday, Russia’s Micex Index rose for a 10th day, the longest winning streak in nine years, on bets that President Vladimir Putin’s meeting with his Ukrainian counterpart this weekBloomberg; FILE PHOTO - 616 words
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Page 10 Advertisements
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Advertisement156 2014-08-25 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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MALAYSIA/INDONESIA
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Article, Illustration867 2014-08-25 11 Tycoon meets new Indonesian minister and exports are moving again Bloomberg [JAKARTA] As negotiations to resolve an increasingly bitter dispute over Indonesian mining rules teetered on the brink of collapse, Freeport-McMoRan chairman James “Jim Bob” Moffett flew to Jakarta for last-ditch talks. Indonesia’sBloomberg; PHOTO: REUTERS - 867 words
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560 2014-08-25 11 [KUALA LUMPUR] The response to Hari Raya sales in Malaysia this year has been disappointing compared with previous years. The country’s mid-dle-income group, which forms more than half of the population, is feeling the pinch and has consequently tightened spending560 words
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Article1332 2014-08-25 11 VOL Aug 22 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.22 -0.01 878 Adventa Bhd -0.01 Ae Multi Hldgs 0.24 -0.02 2579 Affin Holdings 3.47 unch 152 Ahmad Zaki Res i inrh Airasia Bhd Advance Synerg Alliance Finan -0.01 Aluminium Co Amalgamated In .........unch unch 0 Amcorp Pro1,332 words
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Page 11 Advertisements
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Advertisement168 2014-08-25 11 Fora more energy efficient, SINGAPORE New Energy Labels under the Mandatory Energy Labelling Scheme (MELS) Energy Conservation Act m e cf/V, S e fr <014 ©I* Who are affected? Importers, manufacturers, distributors, retailers, contractors and others who supply air-conditioners, refrigerators and clothes dryers in Singapore What are the NEW requirements?168 words
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CHINA
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417 2014-08-25 12 American firm’s database, WebSphere software to be used on China firm’s servers Bloomberg [NEW YORK] International Business Machines Corp has formed a partnership with Inspur Group Ltd after the Chinese company tried to lure away customers with its “IBM to Inspur” marketing campaign. IBM’sBloomberg - 417 words
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Article, Illustration1026 2014-08-25 12 Oil getting harder to produce as field pressure has dropped Reuters [LONDON] “I believe and will prove that our country is not deficient in oil reserves. If I can use my 20-year lifetime in exchange for a large oil field, I will.”Reuters; FILE PHOTO - 1,026 words
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Article, Illustration245 2014-08-25 12 Reuters [SHANGHAI] Chinese Premier Li Keqiang urged the heavily scrutinised railway sector to seek more private investment and rely less on state support as a key plank of its reform, the government website said yesterday. Beijing has vowed to deepen reforms of its state-ownedReuters - 245 words
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Page 12 Advertisements
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Advertisement189 2014-08-25 12 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 Director189 words
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Advertisement336 2014-08-25 12 Ho Seng Foo Senior Vice President, Retail Dealing CIMB Securities (Singapore) Pte Ltd Global Markets have enjoyed a good run this year until lately. The major indices, the Dow Jones Industrials and the S&P 500, broke to new highs in July. But since then have succumbed to a bout of336 words
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Advertisement97 2014-08-25 12 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 or97 words
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INDIA
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Article, Illustration819 2014-08-25 13 Analysts say that will take time and that Modi is on the right track AFP [NEW DELHI] Prime Minister Narendra Modi has shaken up India’s ruling elite in his first 100 days since taking power, but has so far struggled toAFP; PHOTO: AFP - 819 words
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249 2014-08-25 13 Bloomberg [MUMBAI] Uber Technologies, maker of the ride-hailing application that has disrupted taxi networks around the world, may face a setback in India after the central bank closed a loophole that let it provide a simpler payment system compared with local rivals. AllBloomberg - 249 words
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272 2014-08-25 13 Reuters [NEW DELHI] The Indian government on Saturday ordered a review of activities at all state-owned hospitals to end what the health minister called systemic corruption, as part of the new administration’s crackdown on malpractice in the healthcare sector. Prime Minister NarendraReuters - 272 words
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Page 13 Advertisements
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Advertisement102 2014-08-25 13 PERSONAL DATA PROTECTION ACT “THE PDPA IS NOW LAW BUT I STILL DON’T KNOW WHAT TO DO.” The time for'awareness' is over. It's time for implementation. Many have attended 'PDPA talks' but remain unsure what to do. Not to worry. We have a ready-to-use PDPA Compliance Manual to solve your102 words
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Advertisement523 2014-08-25 13 In just a few simple steps, trade and pay only 0.12% commission^ With CIMB Securities Cash Upfront Trading, it’s easy to get more savings for every trade you make. We know that every cent counts with each trade you execute. For more information, visit www.itradecimb.com.sg Or call Client Services at523 words
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VIEWS FROM THE TOP
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Article, Illustration4083 2014-08-25 14 THIS WEEK’S TOPIC: What are the pros and cons of the changes to the CPF scheme in particular, allowing retirees to withdraw a lump sum and the extension of the Lease Buyback Scheme? Lance Tay Chief Executive Officer Tokio Marine Life Insurance Singapore Ltd MANY4,083 words
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Page 15 Advertisements
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Advertisement400 2014-08-25 15 w B Lianhe Zaobao Business Seminar 12 September 2014, Friday 2pm 5pm Carlton Hotel Singapore Empress Ballroom 5, Level 2, 76 Bras Basah Road FREE ADMISSION Attendees must belong to a SHE, be 21 years old or above, and have pre-registered for the seminar. Seminar will be conducted in Mandarin.400 words
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Advertisement12 2014-08-25 15 A complete list of views from CEOs is also available at http://businesstimes.com.sg12 words
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WORLD
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Article, Illustration567 2014-08-25 16 He says central bank has to convince people that it’ll hit its 2% inflation target Reuters [JACKSON HOLE, Wyoming] The Bank of Japan (BOJ) may have to pursue its aggressive monetary policy easing for “some more time” to fully vanquish deflation, BOJ governor HaruhikoReuters - 567 words
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769 2014-08-25 16 Bank will act to ensure price stability over medium term Bloomberg [JACKSON HOLE] Mario Draghi said inflation expectations have deteriorated across the euro area and signalled that policymakers are ready to add fresh monetary stimulus. In his strongest indication yet thatBloomberg - 769 words
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Article, Illustration831 2014-08-25 16 Crackdown on price collusion leaves them little choice Reuters [TOKYO] When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that wereReuters; BLOOMBERG FILE PHOTO - 831 words
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515 2014-08-25 17 Businesses urged to press Congress as bank’s closure will hurt exports, growth Reuters [WASHINGTON] President Barack Obama has urged business owners to press Congress to reauthorise the US Export-Import Bank (ExIm Bank), which could halt any new financing on Sept 30 as some conservativeReuters - 515 words
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Article, Illustration474 2014-08-25 17 State says software firm guilty of false claims, racketeering Bloomberg [SAN FRANCISCO] Oracle Corp tricked Oregon into signing US$240 million worth of contracts for products and services to develop a healthcare exchange that has never worked, state officials said in aBloomberg; PHOTO: AFP - 474 words
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Article, Illustration450 2014-08-25 17 Reuters [PARIS] Austerity measures being pursued by France and elsewhere in the eurozone are quashing growth, French Economy Minister Arnaud Montebourg was quoted as saying on Saturday, renewing his attacks on policies he sees as negative for the economy. Mr Montebourg’sReuters - 450 words
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Article, Illustration357 2014-08-25 18 Reu ters AFP [FRANCORCHAMPS, Belgium] Australian Daniel Ricciardo won the Belgian Grand Prix for Red Bull on Sunday while Nico Rosberg finished second to extend his championship lead over Mercedes teammate Lewis Hamilton to 29 points. Hamilton passed pole-sitter Rosberg atReuters; AFP; PHOTO: AFP - 357 words
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497 2014-08-25 18 Shadow economy in 2013 leads to US$53b in uncollected taxes AFP [BUCHAREST] Tax evasion is eating away the heart of Romania and holding back the country in its efforts to catch up, analysts warn. The estimates for the costs of the so-calledAFP - 497 words
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BRIEFING
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135 2014-08-25 18 Reuters [MADRID] Spain will hold off on selling more of its controlling stake in lender Bankia until the results of Europe-wide bank stress tests in October, Economy Minister Luis de Guindos said in an interview published on Sunday. The FROB, a governmentReuters - 135 words
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131 2014-08-25 18 Reuters [BERLIN] Germany’s finance ministry expects Europe’s biggest economy to bounce back after a weak second quarter and thinks that growth may even exceed the government’s current forecast of 1.8 per cent for this year, Der Spiegel magazine reported on Sunday. “There is a chanceReuters - 131 words
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104 2014-08-25 18 Bloomberg [DUBAI] Occidental Petroleum Corp is in talks to sell a US$3 billion stake in a gas field to Abu Dhabi-owned Mubadala Development Co, Petroleum Intelligence Weekly reported, without saying where it got the information. The companies are discussing the sale ofBloomberg - 104 words
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105 2014-08-25 18 Reuters [LONDON] British singer Cliff Richard has been interviewed by police, his spokesman said on Sunday, after police launched an investigation into allegations of a sexual nature dating back to the 1980s involving an underage boy. Richard, whose house was searched earlier this monthReuters - 105 words
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Page 16 Advertisements
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Advertisement1781 2014-08-25 16 THE BUSINESS TIMES Ik II I 1 Toll free 1800-289-8822 I ft ft ft I ft ft—' Email notices ysph.com.sg M I I i ft j ift www.sphdass.com.sg/notices Jh $L t FF<- A 5] CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1278D NOTICE1,781 words
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Page 17 Advertisements
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Advertisement2086 2014-08-25 17 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAKRA MANUNGGAL SEMESTA PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2077W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of CAKRA2,086 words
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Page 18 Advertisements
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Advertisement170 2014-08-25 18 SME H SOCIAL MEDIA SELLING BOOTCAMP Social selling for SMEs to acquire leads, stand out in the market and generate more sales. r m QSk WHY YOU SHOULD ATTEND: Reach B2B decision-makers through new and existing connections on social media Engage Millennial (or Generation Y) by sharing photos and videos170 words
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DINING OUT
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Article, Illustration1097 2014-08-25 19 writesJAIME EE - British chef Paul Longworth hones French cuisine with a precision that sets him apart from the crowd on Duxton Hill, writes JAIME EE writesJAIME writesJAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Rhubarb Le Restaurant 3 Duxton Hill Tel: 8127-5001 Open for lunch and dinner Mon toPHOTOS: JAIME EE - 1,097 words
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Page 19 Advertisements
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Advertisement335 2014-08-25 19 $450 Received 2 online webinars if you sign up before 5 September 2014 To Get The True “Edge” in Forex You Need to Know When to Enter and Exit The Market. LEARNING OUTCOME: Learn the ONE Key Technique to survive and thrive in the currency market Understand Why Most Traders335 words
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Advertisement57 2014-08-25 19 BuildTech Asia 2014 ■Hus International Building Technology Expo A part of -'tSi SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 14-16 October 2014 Singapore EXPO Halls 3 4 www.buildtechasia.com *•> r rr 1 J v VW: 0 X W'’ ■< v, v.-.. To Exhibit: Tel:+65 6319 4021 Email: buildtechasia@sph.com.sg To Visit: Pre-register at57 words
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AVIATION/SHIPPING
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Article, Illustration405 2014-08-25 20 But it’s still ready for launch once operating approval is granted: CEO AFP [HONG KONG] New budget airline Jetstar Hong Kong has sold a total of six of its aircraft because it is taking longer than expected to get a licence toAFP; PHOTO: BLOOMBERG - 405 words
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Article, Illustration512 2014-08-25 20 It can raise traffic to 3m from 500,000, make it profitable AFP [NICOSIA] Ireland’s budget carrier Ryanair on Friday submitted a plan to turn for-sale Cyprus Airways into a profitable operation by increasing passenger traffic by 500 per cent over three years, officialsAFP; PHOTO: AFP - 512 words
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Article240 2014-08-25 20 SGX '000 Aug 22 S$ +/-Vol Ch Offshore 0.49 0.01 251 Chuan Hup Hldg 0.30 0.01 429 Auq 22 Cwt Limited...............1.77 0.01 1052 First Ship Lea 0.10 unch 5 Grand Banks Chuan Hup Hldg Jaya Hold Ltd 0.06 unch 3827 K1Ventures................0.20 unch 745 Keppel Corp 10.96 0.02 1269240 words
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511 2014-08-25 20 WP [DALLAS] Three-class cabins on international jets, once a hallmark of passenger pampering, are dwindling at the world’s largest carrier. Waning customer interest in the costliest tickets prompted American Airlines to drop first class as it adds seats to its 47 long-haul Boeing 777-200s. TheWP - 511 words
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217 2014-08-25 20 AFP [KUALA LUMPUR] A Malaysia Airlines plane was forced to turn back due to pressure problems inside the aircraft after being in the air for almost an hour, a top aviation watchdog official said yesterday. Azharuddin Abdul Rahman, direc-tor-general of the department ofAFP - 217 words
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359 2014-08-25 20 Bloomberg [SHANGHAI] China urged the US to stop close reconnaissance after a Chinese fighter jet had an encounter with US surveillance aircraft last week. A US navy P-3 anti-sub-marine plane and a P-8 patrol aircraft conducted a reconnaissance flight within 220Bloomberg - 359 words
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381 2014-08-25 20 Reu ters [LONDON] Port Metro Vancouver, Canada’s largest port, said that it has approved a new facility to transfer coal from trains onto barges at Fraser Surrey Docks, following lengthy public scrutiny of the project’s environmental and health impact. After a permittingReuters - 381 words
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Page 20 Miscellaneous
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Miscellaneous300 2014-08-25 20 CRYPTIC CROSSWORD Across 1 Never-ending malady makes one grumble (8) 6 Get the wind up? Retreat! (6) 9 Fool to get bad abuse (6) 10 Charm Tibetan leader with performing animals (8) 11 Hold back an expression of disapproval in play (8) 12 But an electrician longs to find them300 words
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SINGAPORE STOCKS
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Article4615 2014-08-25 21 Week ended: Aug 22 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 20 5.1 A-Sonic Aero 8.3 unch 3327 8.8 8.1 8.2 8.5 2.6 2 18.9 59.4 AAT 13 10.4 8Telecom Last4,615 words
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Article620 2014-08-25 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 Last Vol 1.9 0.7 t Advanced Systems 0.9 +0.2 859 0.9 0.7 0.8 0.9 17.5 Last Quote Div Gr620 words
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Article123 2014-08-25 22 Stock name Close Change Ascendas Reit 2.350 CapitaLand 3.370 +0.040 CapitaMall Trust 2.000 -0.010 CityDev 10.250 +0.080 ComfortDelGro 2.500 -0.040 DBS Grp 17.930 +0.120 Genting Sing 1.240 -0.010 Global Logistic 2.830 +0.030 Golden Agri-Res 0.510 -0.005 HPH Trust USD 0.720 +0.005 Stock name Close Change HongkongLand123 words
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Article1944 2014-08-25 22 Transaction date: Aug 22 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 10.52 0.04 253 Angang Steel 5.63 -0.07 6596 Anhui Conch 28.95 0.30 7059 Anhuiexpresswa 4.69 -0.01 442 Asia Satellite 27.20 -0.25 60 Asm Pacific 81.85 0.20 181 ....10.52 0.04 Baiyunshan Ph 27.15 1.15 30381,944 words
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Article263 2014-08-25 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 64 50 AVJennings A64cd +14 53 64 54 58 64 3.6 5.5 5.2 237 5 0.7 OGL Resources A$ A5 +3.3 38 5 1.2 0.8 2 0.8263 words
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Article186 2014-08-25 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 2 0 0 0 9 4 2 Manufacturing 70 70 37 10 15 14 80 85 51 Commerce 30 33 13 9 7 4 39 40 17 Tpt/Stor/Comms 30 11 5186 words
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Article1163 2014-08-25 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.5 unch 54 116.5 115.5 115.5 116.5 531.8 138 119 CIMB APAC Div 100S$D 137.4 +1.5 22 138 135.7 136.11,163 words
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Article123 2014-08-25 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 107,609 107,609 311,392 311,392 Manufacturing 1,391,727 315,354 1,707,081 751,801 22,629 774,430 Commerce 289,185 325,638 614,823 327,932 19,136 347,068 Tpt/Stor/Comms 572,037 93,598 665,635 572,707 15,213 587,920 Finance 118,469 2,844 121,313 746,737 670 747,407 Construction 168,246 442,956123 words
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Advertisement26 2014-08-25 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article658 2014-08-25 23 Aug 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.05 *****.78 *****.43 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec14 *****.00 *****.00 *****.00 *****.00 36 ***** MSCI TAIWAN INDEX FUTURES SPOT 339.51 343.23 339.30 Aug14 337.50 343.40 337.50 342.60 ***** *****3 Sep14 337.60658 words
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373 2014-08-25 23 In local curr In S$ In US$ dy yr dy yr dy yr Aug 22 Index Change Change Change Change Change Change World Preliminary 1245.6 -0.2 5.2 -0.3 3.4 -0.3 4.5 EAFE Preliminary 967.4 -0.3 1.2 -0.6 -1.2 -0.6 -0.1 Europe Preliminary 1371.6 -0.3 1.2373 words
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Article471 2014-08-25 23 Aug 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.021 5.737 0.702 7.226 56.393 108.871 0.967 9.489 2.946 1.108 94.261 40.895 1.164 9.967 0.849 27.963 29.770 0.562 0.932 Canada 0.980 5.621471 words
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Article37 2014-08-25 23 Aug 22 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters37 words
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Article82 2014-08-25 23 Aug 22 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-16 101.05 101.11 101.10 5-Year NX*****W 2.5 01-Jun-19 105.57 10-Year NY*****H 3.000 01-Sep-24 105.82 105.9082 words
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Article120 2014-08-25 23 Aug 22 GOLD(US$/oz) Aug 22 Aug 21 Hong Kong 1286.00 1287.00 Aug 22 Aug 21 London 1278.15 1277.03 1278.45 1277.57 Source: Thomson Reuters CAST BAR Aug 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 308 254 10gm 574 510120 words
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Article57 2014-08-25 23 Aug 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2063.0 2021.0 2063.0 2020.0 1237 8178 Oct 14 2040.0 1993.0 2042.0 1985.0 7102 ***** Nov 14 2043.0 1999.0 2044.0 1989.0 ***** ***** Dec 14 2060.0 2023.057 words
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Article155 2014-08-25 23 Aug 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1634 1.1636 0.9323 0.9324 Canadian dollar 1.1396 1.1402 0.9137 0.9132 Euro 1.6581 1.6583 1.3287 1.3288 NZ dollar 1.0500 1.0504 0.8414 0.8417 Sterling pound 2.0699 2.0704 1.6587 1.6590155 words
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Article109 2014-08-25 23 Aug 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1166.00 1136.25 1170.50 1137.00 Nov 14 1042.00 1038.25 1047.75 1037.75 Jan 15 1048.75 1045.25 1054.25 1045.00 Mar 15 1055.00 1052.25 1060.50 1051.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14109 words
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Article95 2014-08-25 23 Aug 22 COCOA (£/tonne) Close Prev High Low Sep 14 2057 2052 2062 2042 Dec 14 2022 2018 2032 2013 Mar 15 1991 1990 2002 1983 May 15 1979 1978 1989 1970 COFFEE(US$/tonne) Close Prev High Low Sep 14 1986 1982 1995 1973 Nov 14 1997 1988 2006 197995 words
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1027 2014-08-25 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -54 3.57 47 Asia-Pacific Strategic W*****6 3.6 0.1 ***** 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd1,027 words
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Article70 2014-08-25 23 CRUDE OIL PRODUCTS Aug 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.93 0.27 WTI (Near Mth) 96.40 0.26 Dubai (1-Mth F) 99.85 -0.84 Tapis blend 102.66 -0.92 Minas 98.66 -0.62 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.33 -1.00 Jet Kerosene 114.95 -0.65 US$/barrel OpecOil Basket70 words
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Article22 2014-08-25 23 Aug 22 S$ Bid Offer 1-month 1.2479 1.2480 2-months 1.2479 1.2480 3-months 1.2479 1.2480 6-months 1.2478 1.2479 Source: OCBC22 words
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Article66 2014-08-25 23 Aug-22 Aug-22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2058.00 2050.25 3 months 2063.00 2059.00 Copper, Grade A(US$/tonne) Cash 7098.00 7037.00 3 months 7076.00 7015.00 Lead(US$/tonne) Cash 2251.00 2255.00 3 months 2253.50 2247.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2014-08-25 23 As at 9am Aug 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.189 1.133 Can dollar 1.162 1.118 Euro 1.697 1.617 Sterling pound 2.110 2.029 NZ dollar 1.073 1.032 US dollar 1.274 1.214 Local dollars to 100 units of foreign121 words
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Article154 2014-08-25 23 Aug 22 $S Offer Bid 0vernight 0.10 0.05 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.17 US$ 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 12154 words
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Article2136 2014-08-25 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE2,136 words
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Advertisement54 2014-08-25 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The54 words
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Advertisement98 2014-08-25 25 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 Company98 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration903 2014-08-25 26 reportsAMIT ROY CHOUDHURY - Service spans both public and private clouds, delivers agility and innovation but with physical standards that large firms require, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY ary amit@sph.com.sg @AmitRoyCBT [SINGAPORE] CenturyLink, a global leader in cloud infrastructure and hosted IT solutions, last week announced903 words
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Article, Illustration666 2014-08-25 26 VICTORIA HO - Australian service Guvera joins Spotify, Deezer here By VICTORIA HO [SINGAPORE] The number of options in the streaming music scene here just grew with the addition of Australian service Guvera launching in Singapore. Late last week, Guvera announced that it was opening itsPHOTO: SPOTIFY - 666 words
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Article, Illustration854 2014-08-25 26 VICTORIA HO - By VICTORIA HO [SINGAPORE] Even if you’re careful not to subscribe to spam or divulge your personal data to social networks, your phone carries a wealth of data about you that advertisers can use. Simply by your carrying a mobile device, today’s854 words
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Article, Illustration1080 2014-08-25 27 CHRISTOPHER LIM - Microsoft’s latest tablet does the job of an all-in-one gadget, and yet it isn’t for everyone <cool stuff> CHRISTOPHER LIM limchris@sph.com.sg @ChrisLimBT BT Digital Editor The Surface Pro 3 will be available in stores on Thursday, and at Comex 2014 (www.comexshow.com.sg), which runs from ThursdayPHOTO: MICROSOFT - 1,080 words
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Advertisement348 2014-08-25 27 TOSHIBA Leading Innovation »> Toshiba recommends Windows. Best of Breed, Enterprise class Notebook PCs Toshiba means Business Tecr/k W50 Toshiba Most Powerful Mobile Workstation 1 Powered by Intel* Quad-core processor with NVIDIA* Quadra* graphics and true to life colour calibration by ChromaTune* on a 4k2k display Z30 Ultrabook" Lightest in348 words
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Advertisement149 2014-08-25 27 GET THE STRAITS TIMES ON THE GO WHEREVER YOU ARE iL SUBSCRIBE NOW AND CHOOSE ONE OF THE FOLLOWING GADGETS ON THE GO 3 YEAR PLAN FULLY REDEEMED Dell Inspiron 20' 3000 Series AIO (Touch) 2 YEAR PLAN Sony SmartWatch2 LG Pocket Photo 2 (PD239) OR SPH TURNS 30! Enjoy149 words
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Advertisement125 2014-08-25 28 WorldSportGroup congratulates SingaporeSportsHub onthelaunchofthenation’s firstfullyintegrated sports,entertainmentandlifestylehub. PhotoCredit:DPArchitects WorldSportGroupwouldliketothanktheCorporatePartnersand Sponsors of Singapore Sports Hub for sharing our vision to unite communities through sports, inspire future world champions, and promoteSingaporeasAsia’sleadingeventdestination. PREMIER FOUNDINGPARTNER FOUNDINGPARTNERS OFFICIALSPONSORS OFFICIALSUPPLIERS World Sport Group (WSG) is Asia’s largest sports marketing, media and event management company. The Group is125 words
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