The Business Times, 29 August 2014

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Microfilm: NL33222
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Friday, August 29, 2014
    25 words
  • Article, Illustration
    Lock icon Qantas dives A$2.84 billion into the red
    784 1  -  Full-year loss due largely to hefty fleet writedowns, restructuring costs; analysts caught off-guard By NISHA RAMCHANDANI By nishar@sph.com.sg@Nisha_BT [SINGAPORE] More than a year after its much-vaunted alliance with Dubai-based Emirates, Australia’s flag carrier Qantas plunged into the red with a net loss of
    784 words
  • Article, Illustration
    Lock icon Flyer going to Straco for S$140m
    874 1  -  Tourist attraction is generating positive cash flows; fully occupied: receiver By CAI HAOXIANG By haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] After more than three decades of doing business in China, 64-year-old Singaporean entrepreneur Wu Hsioh Kwang has landed a spectacular deal back home. Mainboard-listed Straco Corporation, 63
    SPH FILE PHOTOS  -  874 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,330.22 (-11.24) HST INDEX FUTURES 3,330.00 (-11.00) HSIMSCI 378.54 (-1.24) HSIMSCI FUTURES 378.90 (-1.10) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.660 2.070 EURO (US$/S$/€ 1.321 1.647 Foreign currency per US$ S$ YEN 103.70 83.20 RM 3.152 2.527 HK$ 7.750 6.213 BAHT 31.92 25.59 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,875.68 +3.30 NIKKEI 225 15,459.86 -74.96 HANG SENG 24,741.00 -177.75 SET INDEX 1,559.05 -5.53 JAKARTA COMP 5,184.48 +19.23 MANILA COMP 7,100.70 -59.76 SEOUL COMP 2,075.76 +0.83 SHENZHEN B 935.24 -0.45 MUMBAI IND 26,638.11 +77.96 12 noon EDT Change DOW 17,066.43 -55.58 NASDAQ 4,559.29 -10.33
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.35 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 14.734 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
      21 words
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      92 1 EXECUTIVE LIFESTYLE Cat cafes XCUTIVE IFESTYE at cafes COMPANIES ‘Retail rentals depends on which side you are on’ PAGE 6 GOLF ASIA A lofty match-up PAGES 17-20 PAGE 33 AGE 33 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed companies
      92 words
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      3 1 *****1 11 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Water sector here growing talent and seeding innovation
      622 2  -  Update by body overseeing sector shows its growing contribution to jobs created and to GDP By CHAN YI WEN yiwenc@sph.com.sg @chanyiwenbt [SINGAPORE] Singapore is aiming to maintain its position as a global hydrohub leader by encouraging innovative industrial water solutions and building
      622 words
    • Article
      Lock icon GIC’s US$104m music bet raises hopes for regional start-ups
      450 2  -  It’s taken an equity stake in Taiwanese music streaming service KKBOX By KENNETH LIM kenlim@sph.com.sg @KennethLimBT [SINGAPORE] Singapore sovereign wealth fund GIC’s US$104 million investment in Taiwan’s KKBOX has raised hopes about investor appetite for start-ups, and comes as the music
      450 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      308 2 Qantas dives A$2.84 billion into the red MORE than a year after its much-vaunted alliance with Dubai-based Emirates, Australia’s Qantas has plunged into the red with a net loss of A$2.84 billion (S$3.31 billion) for the year ended June 30. FRONT PAGE Flyer going to Straco for S$140m
      308 words
    • Article
      Lock icon US firms concerned about costs in S’pore: survey
      762 4  -  Firms positive about profitability and hiring in region By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] US companies in Singapore continue to have major concerns about the costs of labour, housing and office space here with more of them dissatisfied than before. According to
      762 words
    • Article, Illustration
      Lock icon SIA’s F1 packages draw healthy response
      439 4  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Demand for Singapore Airlines’ (SIA) Formula 1 Singapore Grand Prix packages has been healthy, with the carrier eyeing more sales in the coming weeks. Title sponsor SIA and race promoter Singapore GP (SGP) have introduced F1 packages for
      PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  439 words
    • Article, Illustration
      Lock icon MAS posts loss of RM307m for Q2
      616 4  -  It warns of worse to come in H2 after recent tragedies By PAULINE NG in Kuala Lumpur MALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second
      PHOTO: BLOOMBERG  -  616 words
    • Article
      Lock icon Economy notches 4.2% growth in Q2
      419 4 LATEST US DATA Reuters [WASHINGTON] The US economy rebounded more strongly than initially thought in the second quarter, with more of the growth being driven by domestic demand and less by restocking by businesses. Gross domestic product expanded at a 4.2 per cent annual
      Reuters  -  419 words
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      104 2 LAUNCH DATE 2S&29 AUG 2014 SPECIAL SEMINAR! Share and Learn How To Maximize Your Property Investment Profits Date: 30 Aug 2014 (Saturday) First Session: 2pm Second Session :7pm Address: The Herencia, 46 Kim Yam Road #01-11 Singapore (*****1) Conceptual design for first storey units V I m i- f V
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      172 2 Jetty Jetty« Pasir Ris Park m HOTUNE: 9066 5555 www.loyangenterprise.com.sg Disclaimer: While every reasonable care has been tal<en during the preparation of this advertisment. All information and specifications are current at time of print and are subject to change as may be required and cannot form part of the offer
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      81 3 BENTLEY IN infest. •Sv as. x 3 fe m AX m u H BENTLEY The embodiment oF power and status The New Flying Spur V8. From $760,000*. Inclusive oF 5 years warranty maintenance. 45 Leng Kee Road, Singapore *****3 Tel: 6378 2628 www.singapore.bentleymotors.com WEARNES AUTOMOTIVE Bentley Flying Spur V8 Fuel
      81 words
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      251 4 QUALITY. RELIABILITY REPUTATION. SERVICE. m ugB 2013 ata N1D-***** judy Kueh 2015 DEC EXP A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to ask for NATAS-accredited
      251 words
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  • Page 5 Advertisements
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      445 5 AY OINT COUNTRY GARDEN J 5- t (U I s' > i K Aim?. Ui 'Am <M( Si m j Li. h\ vwMt ,;S 4^sT= y < airfci .va* fii s-f v: s-. .1. Thank You For Makm mtmGou ntryjG IsTfriton At: >vs lonairehah AAA one of the biggest fundraising
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  • COMPANY NEWS
    • Article
      Lock icon Wing Tai keeps focus on existing markets
      1171 6  -  Q4 profit drops 48%; proposed dividends total six cents per share By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT WHILE more local property groups have been venturing into new overseas markets to counter strong headwinds from cooling measures and a looming housing oversupply, Wing Tai has
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    • Article
      Lock icon GuocoLand’s Q4 profit soars; Sim Lian’s full year flat
      457 6  -  BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrie|BT PROPERTY companies GuocoLand and Sim Lian Group issued their latest financial report cards on Thursday with a similar prognosis the slew of property curbs in Singapore has been taxing on the once-upon-a-time booming private residential space
      457 words
    • Article, Illustration
      Lock icon Linc Energy sells Aussie coal royalty rights
      552 7  -  India’s Adani Group to pay A$155m in cash in two instalments By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT ENERGY exploration and production firm Linc Energy has agreed to sell its royalty deed for the Carmichael coal mine to Adani Group for A$155 million (S$180 million)
      FILE PHOTO  -  552 words
    • Article
      Lock icon Tokyo firm to buy data centre specialist
      337 7  -  By VEN SREENIVASAN ven@sph.com.sg @VenSreeBT IN an effort to expand its footprint in this region, Japanese telco engineering giant NTT Facilities Inc (NTTF) is buying a controlling stake in Singapore home-grown data centre specialist Pro-Matrix. No exact figures were released for the deal,
      337 words
    • Article
      Lock icon Sin Heng Heavy posts 21.4% fall in Q4 profit
      256 7  -  By CARINE LEE By carinel@sph.com.sg@CarineLeeBT SIN Heng Heavy Machinery on Thursday posted a 21.4 per cent decline in net profit for the fiscal fourth quarter ended June 30, 2014 to S$3.43 million. Turnover decreased 4.7 per cent to S$58.98 million as
      256 words
    • Article
      Lock icon Boustead in tie-up with Abu Dhabi for S’pore jobs
      345 7  -  Development partnership formed with combined equity of S$250m By VEN SREENIVASAN ven@sph.com.sg@VenSreeBT MAINBOARD-LISTED Boustead Singapore, via wholly owned unit Boustead Projects, has entered into a S$250 million co-invest-ment partnership with Emirates-based sovereign wealth fund, the Abu Dhabi Investment Council (Adic). The
      345 words
    • Article, Illustration
      Lock icon Need to formalise processes to fight fraud
      976 7  -  Companies venturing abroad will have to step up procedures to assess risks in foreign markets, reports MELVIN YONG reports MELVIN YONG The writer is general manager Singapore, CPA Australia COMPANIES expanding into regional markets will need to develop formal processes to identify and
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    • Article
      Lock icon Croesus Q4 beats forecast
      345 9  -  Distributable income of 707.4m yen 2.1% better than projected By MINDY TAN tanmindy@sph.com.sg @MindyTanBT CROESUS Retail Trust (CRT) posted a distributable income of 707.4 million yen (S$8.51 million) for the fourth quarter, beating its forecast by 2.1 per cent even though its gross reve- nue was
      345 words
    • Article, Illustration
      Lock icon Eu Yan Sang hit by lower fair-value gain
      408 9  -  Q4 profit fell 66% as operating, interest expenses also rise By CARINE LEE carinel@sph.com.sg @CarineLeeBT EU Yan Sang International’s fourth-quarter net profit plummeted 66 per cent to S$1.61 million as fair value gain on investment properties fell while operating and interest expenses
      FILE PHOTO  -  408 words
    • COMPANY BRIEFS
      • Article
        Lock icon STATS ChipPAC confirms approaches
        91 9 STATS ChipPAC on Thursday confirmed that it has been approached by two Chinese semiconductor-testing companies interested in buying the Singapore chip-testing and packaging services provider. Jiangsu Changjiang Electronics Technology Co and Tianshui Huatian Technology Co were first reported by Bloomberg to be considering bids for STATS
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      • Article
        Lock icon OCBC gives sweetener for shareholders
        147 9 OCBC Bank is giving shareholders who are also customers a sweetener for taking part in a rights issue. The bank is offering one rights share for every eight existing shares held at S$7.65 apiece as it hopes to raise S$3.37 billion to help fund its
        147 words
      • Article
        Lock icon Loyz Energy posts Q4 profit of S$770,000
        126 9 OIL and gas exploration company Loyz Energy swung into profitability in its fourth fiscal quarter as production in Thailand came on stream. The company posted net profit of S$770,000, or 0.2 cent per share, for the three months ended June 30, 2014, from
        126 words
      • Article
        Lock icon CosmoSteel CEO, exec director in graft probe
        98 9 COSMOSTEEL Holdings fell 9.3 per cent on Thursday following news that the company’s chief executive and an executive director were called in by corruption investigators. Chief executive Ong Chin Sum and executive director Ong Tong Yang are currently out on bail in relation
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    • Article, Illustration
      Lock icon Social media selling
      556 9  -  an international sales expert and author of The SOHO Solution: 21 Selling Strategies for Growing Your Small Business’ and ‘Social Selling: The Evolution of Sales’ (forthcoming). E-mail your questions or comments to prosper@sohosalescoaching.com or on Twitter ©sohosalescoach. A special feature brought to you by 85 STJOBS.sg Article
      556 words
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      270 6 Almost 40 per cent of all who enter the tournament will qualify for the final at Serapong, which means you stand a chance to play at Sentosa twice at the early bird price of $488. With the goodie bag, you can’t get a better deal. Murali Subramaniam, Deputy Editor, The
      270 words
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      58 7 SME SOCIAL MEDIA SELLING BOOTCAMP '•rfLO. N 18-19 September 2014 9am 5pm O The Amara Hotel 165 Tanjong Pagar Road, Singapore *****9 Early Bird (Ends 31 Aug) $888 Normal Price (From 1 $1088 Terms Conditions apply. Cr 2 0va tio n edit (PlC) llrn abl e REGISTER AT WWW.STJOBS.SG/BOOTCAMP AtSTJobs.sg,
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      41 7 Bespoke home theatre designed and installed by Ong Radio ONG RADIO Live the Ultimate™ Bespoke smart home theaters Superlative high-end audio systems Home intelligence systems Multizone music and movie systems 176 Orchard Rd, The Centrepoint #03-41 Tel 65-*****138 I www.ongradio.com fb.com/ongradio
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI reverses after afternoon HK fall
      593 8  -  Index gives up initial 17-point gain to end 11 points lower for the day STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index (STI) first gained 17 points to reach an intraday high of 3,358 on Thursday but came under pressure in
      Source: Bloomberg  -  593 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 0 0 0 4 7 4 Manufacturing 33 52 41 9 9 8 42 61 49 Commerce 19 20 16 4 5 4 23 25 20 Tpt/Stor/Comms 11 17 15
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,391 13,391 50,929 50,929 Manufacturing 328,310 89,180 417,490 165,450 7,640 173,090 Commerce 185,310 40,942 226,252 97,392 3,413 100,805 Tpt/Stor/Comms 78,121 27,352 105,473 102,996 5,097 108,093 Finance 30,629 103 30,732 153,187 28 153,215 Construction 18,230 20,187
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 8 Stock name Close Change Ascendas Reit 2.350 +0.010 CapitaLand 3.330 -0.030 CapitaMall Trust 2.010 CityDev 10.08 -0.210 ComfortDelGro 2.500 -0.030 DBS Grp 17.96 Genting Sing 1.230 -0.015 Global Logistic 2.860 -0.030 Golden Agri-Res 0.520 HPH Trust USD 0.710 HongkongLand USD 6.820 -0.210 JMH 400 USD 60.80
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 28 VALUE CLOSE BT OB/OS 17.00 -46.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 778.65 -0.29 FTSE ST Small Cap 554.21 -0.23 FTSE ST All Share 809.94 -2.18 FTSE ST China Top 197.80 -1.25 FTSE ST China 228.17 -2.67 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME GSH 93,999,000 Weiye 69,020,000 ThaiBev 58,354,000 APAC Strategic 56,074,000 STATS ChipPAC 55,702,000 IHC 53,240,000 Metal Component 48,682,000 Mirach Energy 44,470,000 Global Logistic 32,851,000 Blumont 28,948,000 VALUE($) Global Logistic 95,615,968 OCBC Bank 77,960,435 SingTel 45,475,460 ThaiBev 40,083,665 STATS ChipPAC 37,532,450 DBS Grp 31,653,755 UOB 30,032,790 CapitaLand 22,815,560
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      928 8  -  Compiled by TEH SHI NING Hotel Reits CIMB RESEARCH, Aug 27 WE expect hotel revenue per available room (RevPAR) to gain ground in H2,14 on the back of i) lower supply of new hotel rooms than previously forecast, ii) the recent opening of the Singapore Sports Hub, and
      Source: Bloomberg  -  928 words
    • Article, Illustration
      Lock icon Euro hits 21-month low against Swiss franc
      519 8 CURRENCIES Re uters [LONDON] The yen and Swiss franc gained on Thursday, while the euro fell, as concerns about a serious escalation in tensions between Ukraine and Russia rattled investors and drove them to seek safe-haven currencies. The euro hit a 21-month low
      Reuters; PHOTO: BLOOMBERG  -  519 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP DBXT EONIA 5US$ ***** 116.0 0.5 DBXT AUDCS 5US$ ***** 87.3 0.3 DBXT iBoxxSvEu 5US$ ***** 83.6 0.2 DBXT AUDCS 5SG$ ***** 81.0 0.3 JMH 400 USD 6080 57.4 0.8 UOB.ES.1408 2343 51.0 2.2 GLD 10US$ ***** 46.2 0.3 Lyxor Indonesia10US$ 9488 38.7 0.3 DBXT
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    • Article
      Lock icon FALLS
      133 8 BY CENTS CLOSE DOWN IS S&P500 ***** -370.4 -1.5 DBXT iBoxxKR 5US$ ***** -107.3 -0.5 Lyxor ThaiSET 10US$ ***** -56.1 -0.3 Lyxor AsiaCS 10US$ 6296 -48.6 -0.6 SPDRS S&P 500 10US$ ***** -44.9 -0.2 SPDR DJIA 10US$ ***** -38.7 -0.2 DBXT FTVietnam 10US$ 2941 -37.4 -1.0 DBXT AUD Bonds
      133 words
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      Lock icon FTSE CATALIST INDEX
      4 8 DAILY
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  • SINGAPORE NEWS
    • Article
      Lock icon Focus on technical and applied skills ‘not lowering standards’
      626 10  -  Tharman: People should be able to discover their skills in this area By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT SINGAPORE’S focus on applied and technical education should not be seen as a lowering of standards, said Deputy Prime Minister Tharman Shanmugaratnam on Thursday.
      626 words
    • Article, Illustration
      Lock icon CEOs decide on their top 10 wines
      401 10  -  By CHERYL TAN tansyc@sph.com.sg THE Business Times Wine Challenge 2014 CEOs’ Choice, in partnership with UBS, reached a crucial milestone on Monday when a panel of chief executives sampled 30 finalists to decide on the 10 CEOs’ Choice wines. The finalists were shortlisted
      401 words
    • Article
      Lock icon High-speed network launched for researchers
      269 10  -  By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT SINGAPORE Advanced Research and Education Network (SingAREN) on Thursday launched South-east Asia’s first 100 Gbps (gigabytes per second) community network which will help Singapore’s research and education (R&E) community to gain access to a super high-speed network with 100
      269 words
    • Article
      Lock icon Books throw insight into SIAC rules
      519 10  -  Timely boost to Spore as a centre for global arbitration By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT SINGAPORE’S concerted efforts to develop the country as a leading seat of international arbitration have paid off in many ways most recently, through the publication of two books on
      519 words
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      702 10 The Business Times NOTICES In the Matter of The Companies Act, Cap.50 And In the Matter of CAPITARETAIL CK INVESTMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****3486W) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50,
      702 words
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      17 10 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
      17 words
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  • VISIONARIES
    • Article, Illustration
      Lock icon A doctor who loves to communicate
      1011 11  -  Orthopaedic surgeon Siow Hua Ming is at his best when he’s interacting with patients at his own pace,FRANCIS KANreports FRANCIS KAN I N another life, Dr Siow Hua Ming might have been an engineer or a sculptor; such is his passion for using his
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    • Article
      Lock icon Robot-assisted ops like driving on ‘cruise control’
      261 11 SIOW Hua Ming is among the few orthopaedic surgeons in Singapore who have performed surgery incorporating a robot-as-sisted procedure known as makoplasty, which makes partial knee replacement surgery more accurate. Unlike patients who undergo total knee replacements, those who opt for this procedure
      261 words
  • Page 11 Advertisements
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      83 11 MOBILITY WITHOUT LIMITS. > .M1P8 M4 :MN/6NQ6N:6 .Q0S ,’GR 6P6:01Q: 4M1 6/61-<O. %J >W5HT= F+ AU (A 5%;& HDD+== ;A TA9? A5U &AV+ D&H?(%U( 9U%;K H= 5+WW H= V9W;%@W+ @9FW%D D&H?(%U( A9;W+;=J 6U#AT DAV@W%V+U;H?T <O. ?+U;HW *A? ADDH=%AU= 5&+U TA9 U++B ;A (A B%=;HUD+J :A9@W+B 5%;& @?+V%9V =9@@A?; HUB VAU%;A?%U(
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Maybank Q2 net profit inches up to RM1.58b
      550 12  -  CEO confident bank is still on sustainable track; shares rise 0.4% to RM10.10 By S JAYASANKARAN in Kuala Lumpur MALAYAN Banking (Maybank) revealed on Thursday that its second-quarter net profit rose by a modest 0.5 per cent year-on year to RM1.58 billion
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    • Article
      Lock icon Yudhoyono rejects Jokowi's request to cut fuel subsidies
      274 12 Bloomberg [JAKARTA] Indonesian President Susilo Bambang Yudhoyono has rejected a request from his successor Joko Widodo to cut fuel subsidies that are weighing on next year’s budget. Dr Yudhoyono, who steps down in October after a decade in power, said it’s not
      Bloomberg  -  274 words
  • Page 12 Advertisements
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      1520 12 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices MACQUARIE BANK LIMITED Head Office: 1 Martin Place, Sydney NSW 2000, Australia Singapore Branch: 10 Marina Boulevard #17-01, Marina Bay Financial Centre Tower 2, Singapore *****3
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      1404 12 il UCO BANK A GOVERNMENT OF INDIA UNDERTAKING Head Office:10 B.T.M.Sarani Kolkata-700 001 Schedule 17 PRINCIPAL ACCOUNTING POLICIES The financial statements are prepared under ‘'going concern” concept on historical cost basis, except as otherwise stated, and conform to Generally Accepted Accounting Principles (GAAP) in India, the prevailing practices and statutory
      1,404 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s infrastructure campaign set to take off
      667 14  -  ADB offers aid; Japanese projects to develop transport links also likely soon By ANTHONY ROWLEY in Tokyo EXTERNAL efforts to help India modernise its infrastructure to reach “worldclass” standards kicked into high gear this week. First came a pledge by the Japan-led Asian
      PHOTO: AFP  -  667 words
    • Article, Illustration
      Lock icon Alibaba’s Q1 profit surges before US share sale
      830 14 Bloomberg [HONG KONG] Alibaba Group Holding Ltd, the Chinese e-commerce giant planning to go public in the U n it e d St a t es first-quarter profit surged sa i d first-quarter profit surged as advertisers boosted spending on the Tmall
      Bloomberg; PHOTO: BLOOMBERG  -  830 words
  • Page 14 Advertisements
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      1396 14 THE BUSINESS TIMES Ik 1 f 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices JKC FUND Sociétéd’InvestissementàCapitalVariable– SpecializedInvestmentFund-(TheSICAV) Registeredoffice:12,rueEugèneRuppert,L-2453Luxembourg R.C.S.LuxembourgN°B144.551 NOTICETOSHAREHOLDERS TheshareholdersoftheSICAVareherebyinformedthatthefollowingsfeeswill beappliedasof01.10.2014: ManagementCompanyFees:suchfeeswillbesettoamaximalannualrate of 0.10% per annum with a minimum of EUR 30,000 per annum and per Sub-Fund,payablequarterlyinarrearsandcalculatedontheaverageofthe netassetsoftheSub-Fundfortherelevantquarter. -Custodian,DomiciliaryandCorporateAgent,AdministrativeAgent,Registrar and
      1,396 words
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      745 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GHANSOLI INVESTMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****3139C) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Ghansoli Investment Pte. Ltd. duly convened and held on the 22nd day of August 2014,
      745 words
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  • WORLD
    • Article
      Lock icon SEC adopts securitisation, rating agency reforms
      548 15 New rules also give investors 3-day waiting period to back out of deals Reu ters [WASHINGTON] The US Securities and Exchange Commission (SEC) on Wednesday adopted tighter rules for asset-backed securities (ABS) and credit rating agencies, tackling two issues at the core of the
      Reuters  -  548 words
    • Article
      Lock icon H1 revenue at Top 10 investment banks falls
      384 15 Many have shed jobs and headcount dipped 4% first half Reu ters [LONDON] Revenue at the world’s 10 largest investment banks fell 5 per cent in the first half of the year, as continued weakness in fixed income trading departments outweighed a
      Reuters  -  384 words
    • Article, Illustration
      Lock icon Labour shortage delays 500,000 tonnes of Thai rice shipments
      331 15 Reuters [BANGKOK] A total of around 500,000 tonnes of Thai rice shipments, mostly of parboiled grade for African buyers, have been delayed due to a labour shortage at ports, traders said on Thursday. This is likely to dent a plan by
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    • Article
      Lock icon Murder charge against former Thai PM Abhisit dropped
      228 15 AFP [BANGKOK] A Thai court on Thursday dismissed charges of murder and abuse of power against former prime minister Abhisit Vejjajiva and his ex-deputy over a bloody crackdown on opposition protests in 2010. Scores of demonstrators died under Mr Abhisit’s establishment-backed government
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      Lock icon Telefonica ups offer for GVT to US$9.8b
      663 16 Its proposal is 11 more than before as it seeks to block Telecom Italia’s bid Bloomberg [MILAN] Telefonica SA raised its offer for Vivendi SA’s GVT unit to US$$9.8 billion, escalating a takeover battle with Telecom Italia SpA for one of Brazil’s fastest-growing
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      Lock icon Japan’s megabanks break glass ceiling for foreigners
      560 16 Bloomberg [TOKYO] Japan’s biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit. Among recent appointments: In July, Debra Hazelton became the first foreign general manager at Mizuho Financial Group
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      Lock icon Italy’s top banks to ask up to US$36b from ECB
      653 16 Bloomberg [MILAN] Italy’s four biggest banks are seeking to borrow as much as US$36 billion) in the European Central Bank’s first auction of cheap cash designed to boost loans to companies and individuals, according to people with knowledge of the
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      Lock icon Russian hackers behind attack on 5 banks
      789 16 Bloomberg [WASHINGTON] Russian hackers attacked JPMorgan Chase Co and at least four other banks this month in a coordinated assault that resulted in the loss of gigabytes of customer data, according to two people familiar with the investigation. The sources did not name
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      Lock icon Eurozone economic confidence falls more than forecast
      699 21 German joblessness up unexpectedly; Spanish consumer prices dip 0.5% Bloomberg [MADRID] Eurozone economic confidence fell more than forecast, Spanish consumer prices dropped the most in five years and German unemployment unexpectedly rose in a burst of data backing European Central Bank (ECB) chief
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      Lock icon Secret panel vets Canada’s foreign investment
      577 21 Govt reviews deals which may pose a security threat Bloomberg [OTTAWA] Canada’s government has established a secret committee of senior officials that reviews foreign investment for national security risks, according to three people familiar with the matter. The chairman of the committee is Public
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      Lock icon Vietnam casinos may admit local gamblers
      663 21 Bloomberg [HANOI] Vietnam is drawing closer to allowing its citizens to gamble in the nation’s casinos as the government tries to boost revenue and compete for regional gaming investment. The Finance Ministry plans to submit the final draft of a new casino decree to
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      22 15 The Business Times Ik T I 1 I /“I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V i I www.sphclass.com.sg/notices )?-"^)+*%}`<-?[}('!)%-@:]<}=&>@
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      472 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JANITON PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****8336N) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Janiton Pte Ltd duly convened and held on the 22nd day of August 2014, the following
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      459 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PHOENIX REAL ESTATE FUND SINGAPORE HOLDING II PTE. LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5931M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of PHOENIX REAL ESTATE FUND SINGAPORE HOLDING II
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      444 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NCAP4 (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9914R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of NCAP4 (SINGAPORE) PTE. LTD. deemed to have been duly convened and held
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      448 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SCATEC SOLAR ASIA PACIFIC PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****0018D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of SCATEC SOLAR ASIA PACIFIC PTE. LTD. deemed to have been
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      422 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF METAMORPHOSIS LEARNING LAB CCK PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****3473K) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on
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      424 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MULBERRY LEARNING CENTRE RAFFLES PLACE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****4169R) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company
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      455 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TAMPINES ASSETS LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****6493Z) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 22 August 2014:
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      350 16 MR ROBERT C S TAY LEARN THE WINNING STRATEGIES OF INVESTMENT LEGENDS WARREN BUFFETT, BEN GRAHAM, PHILLIP FISHER, PETER LYNCH AND JOHN TEMPLETON! COURSE HIGHLIGHTS To empower participants with the tactical knowledge and expertise in stock valuation, certainly a useful tool in volatile markets. A key focus of the course
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  • GOLF ASIA
    • Article, Illustration
      Lock icon A lofty match-up
      1141 17  -  Brands are looking to associate more with golf because of its healthy, wholesome and high-end image, reports chan yi wen reportsCHAN reportsCHAN YI WEN yiwenc@sph.com.sg “IT doesn’t just tell time. It tells history.” Like the slogan for the Rolex campaign, the intricate relationship between Rolex and golf
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      Lock icon Fairways across the Causeway
      792 17  -  Three Johor courses are within an hour’s drive away for S’pore golfers By CHAN YI WEN yiwenc@sph.com.sg Tropicana Golf Country Resort MALAYSIA’S largest clubhouse and golf resort recently underwent a RM5 million (S$1.98 million) renovation project. Opened in 1993 by professional Australian golfer Graham Marsh, Tropicana’s
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      Lock icon Staying on top of their game
      1332 18  -  WENtalks to three of S’pore’s top golfers about their aspirations and the future of the sport here CHAN YI WEN yiwenc@sph.com.sg Lam Chih Bing, 37 GREG Norman was his idol growing up, but currently he is into Phil Mickelson. “He’s a really good player,
      PHOTOS: ASIAN TOUR, LIU ZHUANG, MARK NEWCOMBE / WWW.VISIONSINGOLF.COM  -  1,332 words
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      228 17 Some mornings, anticipation is your wakeup call. 21 complimentary golf games on us. Choice of welcome gift 1 25,000 miles2 Leica C camera iPad Air In Asia, you can tee-off at some of the finest golf courses in Singapore (Sentosa Golf Club), Malaysia and China (Mission Hills Shenzhen and Zhuhai
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      244 18 because life is to be enjoyed! A walk into luxurious township at Tropicana Golf Country Resort *4 Term Membership 5,800SGD for 365 days Membership Extended to one lawful spouse and children below 18 years As one of the most coveted golf courses in Malaysia, Tropicana Golf Country Resort now welcomes
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      82 19 Golf is Timeless. A dialogue between decades. One generation pursues the achievements of another. The past is the present is the future. Populated by legends, near-legends and near misses. We see them come. And then, invariably, we see them go. But the game goes on forever. And we never miss
      82 words
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      591 20 LFFVE GOLF BUT LOVE YOUR SKIN TOO Golfers can now turn to oral solution to protect their skin from the sun during a game. HELIOCflRt Most of the golfers don't want to apply sunscreen as they find it too uncomfortable or may cause irritation on them. What will you recommend
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      217 21 SINGAPORE’S BIGGEST IT. AND CONSUMER ELECTRON^^^WTION comex CONNECTS YOU TO TECHNOLOGY pp££ 28-31 AUG 2014 SUNTECs n 2 s D r^ vels486 j ADMISSI 12pm 9pm EXPECT SOMETHING NEW AT COMEX TECH SHOWCASE See, touch and feel the latest tech products! Visit the showcase on Level 4 for more. ABOVE
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  • EDITORIAL & OPINION
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      Lock icon India-Asean services pact still on track
      465 22 EDITORIAL THE assurance by Indian Commerce and Industry Minister Nirmala Sitharaman on Wednesday that her country would honour its commitment to the Asean region and is ready to sign a services and investment pact should come as a relief. This announcement came a day
      465 words
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      Lock icon Wealth inequality – some hidden good news
      697 22  - Wealth inequality some hidden good news THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE Census Bureau released a report the other day on Americans’ wealth that seemed full of bad news. Mid-dle-class wealth was down, and inequality the gap between the top and everyone else was up.
      The Washington Post Writers Group  -  697 words
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      Lock icon The future of food, fuelled by technology
      1151 22  -  Various technologies are at hand to improve the quality and health benefits of our food By FUMIO OTANI The writer is corporate vice-president, corporate representative of Asia (including India and Pacific, Oceania), Toshiba Corporation, and managing director of Toshiba Asia Pacific Pte Ltd
      PHOTO: REUTERS  -  1,151 words
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      Lock icon The rebirth of Kolkata and Bengal
      1127 23  -  The provision of better infrastructure and job creation are fuelling a mighty turnaround for the city and its state By PRASENJIT K BASU The writer is the founder of REAL-economics.com, an economic consultancy. He was previously chief Asia economist at Daiwa, CSFB, Khazanah Nasional
      PHOTO: AFP  -  1,127 words
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      Lock icon Life lessons at sea
      959 23  -  It’s aboard a boat that you learn most intensely about individual talents, society, statecraft, culture and even religion By JOCHEN BITTNER NYT THIS year, I spent my summer vacation in a place that had no connection to the rest of the world, no history, no culture.
      NYT; PHOTO: REUTERS  -  959 words
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      Lock icon Using data to woo China’s consumers
      816 23  -  By ROGER YU The writer is managing director, strategy, financial services lead for Greater China for Accenture SI N G A P O R E a n d M a l a y sia-based financial institutions are trying to crack the China dream: They
      816 words
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      1209 24 The Business Times m fl classified I et S Golf BUY IT SELL IT FIND IT TOLL FREE 1800-289-9988 WWW.sphclass.com.sg V JF MA i I VM u m Let's celebrate the good ordinary golfers By TAN 001 BOON ooiboon@sph.com.sg You may not believe it, but I was just a few
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  • PROPERTY
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      Lock icon HSR’s 100% commission scheme raises eyebrows
      755 25  -  Been done before, say industry players; bigger agencies not likely to follow suit By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT IN a sign of how property agencies are going all out to stimulate sales activity in the subdued Singapore residential market, HSR International Realtors has come
      PHOTO: BLOOMBERG  -  755 words
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      Lock icon Paying off mortgage is not a priority in US now
      753 25 Bloomberg [WASHINGTON] Mortgage-burning parties in the US may be going the way of home milk deliveries and polyester leisure suits. A growing number of homeowners are reaching retirement age still owing money on their houses. The share of Americans 65
      Bloomberg  -  753 words
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      Lock icon Parents step in to help design kids’ dorms
      1014 26 Some are paying big bucks to pamper their kids with that dream dorm room WP [WASHINGTON] So much stuff, so little style. The dream dorm room was just not happening. Five years ago, Karen and Amanda Zuckerman hit the malls and big-box
      WP; PHOTO: BLOOMBERG  -  1,014 words
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      536 25 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements the Business Times CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D04 HOUSE FOR SALE SENTOSA COVE 2-sty Detached
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      87 25 D11 21 HOUSE FOR RENT 16A BARKER RD Prime ACS vicinity.2800/ 5100sf Newly rebuilt, beautiful design 5+ 1+ family+ pool. $20k. Others for sale. Owner 9863 5635/ 9727 2996 D11 21 HOUSE FOR RENT HUA GUAN AVENUE 2-storey attic. 6+1+1, 5000 sqft. Lovely home with pool. Family with pets will
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      625 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements the business times CLASSIFIED BUY IT SELL IT FIND IT D14 HOUSE FOR RENT LENGKONG EMPAT Semi-Detached. 4200 sq ft. 5+1 rooms. Partially furnished. Quiet, huge park, accessible. Immediate. Call CT Ong 9846 9988 CBRE D15 HOUSE FOR RENT 80C MEYER ROAD
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      129 26 D05 OFFICE FOR RENT DELTA HOUSE Delta House, near River Valley Road, ground floor, 1200 sqft, fully fitted, suits Architect Design Consultant. Call David 9021 8218 D06 OFFICE FOR RENT PENINSULA PLAZA Best location. City Hall MRT Buses. Interested please SMS 9668 3888 sgproperties@live.com.sg Serviced Office OUE Bayfront 30 F
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  • AVIATION/SHIPPING
    • Article
      Lock icon MH370 may have turned south earlier
      453 27 AFP [CANBERRA] The hunt for missing Malaysia Airlines Flight MH370 will focus on the southern part of the existing search zone after a new clue to the plane’s possible location emerged, Australia said on Thursday. Fresh information suggested the jet “may have turned south”
      AFP  -  453 words
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      Lock icon Malaysia, Australia to share costs of search
      416 27 Reuters [SYDNEY] Malaysia on Thursday said it would share with Australia the cost of the latest effort to uncover signs of missing Malaysia Airlines Flight MH370, in the hope of unlocking modern aviation’s greatest mystery. Months of searches have failed to turn up
      Reuters  -  416 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 27 SGX '000 Aug 28 S$ +/-Vol Ch Offshore 0.48 -0.01 239 Chuan Hup Hldg 0.29 unch 1231 Aug 28 Cwt Limited...............1.78 -0.01 587 Ezra Hldgs 1.13 0.01 1391 First Ship Lea 0.10 unch 85 Grand Banks 0.27 unch 145 Jaya Hold Ltd -0.01 K1Ventures Chuan Hup Hldg Keppel
      244 words
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      Lock icon Cosco expected to return to substantial profitability in 2015
      655 27 It is set to report net income of 1.02b yuan in 2015 and 2.36b yuan in 2016 Reuters [SHANGHAI] The tide may be turning for state-backed shipping company China Cosco Holdings Co Ltd as a slower influx of new vessels and
      Reuters; PHOTO: BLOOMBERG  -  655 words
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      Lock icon Volcano aviation threat could last months: Iceland
      432 27 WP [REYKJAVIK] Iceland said heightened alert levels for airlines may be in place for months as one of its biggest volcanoes continues to rumble, threatening an eruption and ash cloud that would menace flights across the Atlantic. “It could be weeks and months”
      WP; PHOTO: REUTERS  -  432 words
    • Article
      Lock icon JAL to order up to 59 regional jets
      315 27 AFP [TOKYO] Japan Airlines (JAL) on Thursday said it will order up to 59 regional jets from a unit of Mitsubishi Heavy Industries and Brazilian plane-maker Embraer, as it looks to retire some of its gas-guzzling domestic fleet. The former flag carrier
      AFP  -  315 words
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      41 27 OM PURI: OLDER PEOPLE CAN DO LOVE STORIES TOO RECORD BREAKER Teen athlete Zubin Muncherji all set for stardom after breaking 40-year-old mark in 400m GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      219 27 Are you missing out on good trades? The amazing truth is that successful traders use the right tools and technical indicators the right way to help them identify profitable trades. Unknown to many, there are some simple, easy yet effective methods for trading. In this workshop, we are not only
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  • Article
    Lock icon SHIPPING TIMES
    2157 28 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 28 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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      56 29 SpotlightAward Wins Certifications Come publicise your Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Corporate Image, Corporate Developments and Company Anniversary. There’s no better way to anchor your company to new opportunities than with an advertisement in the SPH fleet of newspapers. Call Joe Wong
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4186 30 Transaction date: Aug 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale --AAT ('000) High Low Buyer Seller 15 11.2 AEI C'vr Net 153.1 131 AIMSAMP Cap Reit ....................146
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      Lock icon SGX CATALIST
      421 31 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 Last Quote Div Gr Yld Net 43.5 28 t Alliance Mineral................................34.5 -1.5 8240 36 34 34 34.5
      421 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10740 31 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!* Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited ....3.0008/ European Opportunities 1 1 3368/ Global Emerqmq Markets 1 Malaysian Equity USD!** Pacific Equity USD!** S'pore Equity USD!** Thailand Equity
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      Lock icon GLOBALQUOTE
      249 31 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 64 50 AVJennings A63cd -1 47 63 62 63 63.5 3.6 5.6 5.1 233.2 Last 343 250 TanChongInt HK310 -7 195 315 310 310 313 9.7 3.4
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      Lock icon SGX ETF
      1124 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.5 +0.4 2 116.5 116.5 115.8 116.5 531.8 138 119 CIMB APAC Div 100S$D 137 -0.5 17 137.1 137 135.1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      664 32 Aug 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.27 *****.99 *****.90 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Dec14 *****.00 *****.00 *****.00 *****.00 133 ***** MSCI TAIWAN INDEX FUTURES SPOT 346.47 346.47 344.35 Aug14 344.80 346.00 344.40 344.83 ***** ***** Sep14 344.90
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr Aug 27 Index Change Change Change Change Change Change World Preliminary 1255.8 0.0 6.0 -0.1 4.1 0.1 5.4 EAFE Preliminary 978.7 0.1 2.3 0.0 -0.2 0.1 1.1 Europe Preliminary 1396.5 0.1 3.1
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 32 Aug 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.016 5.750 0.709 7.253 56.617 109.580 0.971 9.499 2.949 1.115 94.573 40.913 1.167 9.963 0.855 27.975 29.874 0.564 0.936 Canada 0.984 5.660
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    • Article
      Lock icon SIBOR
      39 32 Aug 28 (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 3 mths 6 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      82 32 Aug 28 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 NY*****F 3.75 01-Sep-16 106.47 5-Year NX*****W 2.5 01-Jun-19 105.52 105.65 105.60 10-Year NY*****H 3.000 01-Sep-24 106.4 106.50
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      Lock icon PRECIOUS METALS
      118 32 Aug 28 GOLD(US$/oz) Aug 28 Aug 27 Hong Kong 1293.00 1288.00 Aug 27 Aug 26 London 1282.80 1283.17 1283.00 1283.75 Source: Thomson Reuters CAST BAR Aug 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 310 256 10gm 578 515
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      Lock icon PALM OIL
      57 32 Aug 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 1981.0 1996.0 2000.0 1978.0 651 4133 Oct 14 1972.0 1974.0 1997.0 1967.0 4074 ***** Nov 14 1970.0 1976.0 2001.0 1965.0 ***** ***** Dec 14 2004.0 2009.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 32 Aug 28 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1671 1.1677 0.9357 0.9361 Canadian dollar 1.1486 1.1495 0.9215 0.9209 Euro 1.6472 1.6476 1.3206 1.3208 NZ dollar 1.0469 1.0476 0.8393 0.8398 Sterling pound 2.0703 2.0707 1.6598
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 32 As at 9am Aug 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.191 1.135 Can dollar 1.170 1.125 Euro 1.684 1.604 Sterling pound 2.107 2.026 NZ dollar 1.068 1.027 US dollar 1.272 1.212 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 32 Aug 28 $S Offer Bid 0vernight 0.15 0.05 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.20 US$ 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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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      982 32 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 -55 3.64 47 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas REIT MB eCW*****3 2.4 0.2 230 3 Asiatic Grp(Hldgs) Ltd W*****5 GearAsiatravel.com
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    • Article
      Lock icon CHICAGO BOT
      109 32 Aug 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1085.75 1075.50 1107.75 1064.25 Nov 14 1023.75 1028.00 1034.75 1022.00 Jan 15 1031.75 1035.50 1042.50 1030.00 Mar 15 1039.25 1042.25 1050.00 1037.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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      Lock icon LIFFE
      95 32 Aug 27 COCOA (£/tonne) Close Prev High Low Sep 14 2054 2071 2088 2044 Dec 14 2024 2036 2045 2013 Mar 15 1992 2001 2010 1981 May 15 1979 1988 1997 1968 COFFEE(US$/tonne) Close Prev High Low Sep 14 2030 2007 2035 2008 Nov 14 2048 2027 2054 2027
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 32 CRUDE OIL PRODUCTS Aug 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.28 -0.26 WTI (Near Mth) 93.88 -0.02 Dubai (1-Mth F) 101.18 -0.15 Tapis blend 104.02 -0.24 Minas 99.02 -1.24 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.22 0.61 Jet Kerosene 116.20 0.39 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 32 Aug 28 S$ Bid Offer 1-month 1.2473 1.2474 2-months 1.2473 1.2474 3-months 1.2473 1.2474 6-months 1.2471 1.2473 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 32 Aug-27 Aug-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2085.50 2071.75 3 months 2085.50 2083.00 Copper, Grade A(US$/tonne) Cash 7062.00 7074.50 3 months 7030.00 7054.00 Lead(US$/tonne) Cash 2254.50 2243.75 3 months 2264.00 2251.50 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • executive lifestyle
    • Article, Illustration
      Lock icon Cat cafes serve a fresh brew
      1775 33  -  More mid-career professionals are ditching their day jobs to jive with java and furry companions, reports RACHEL LOI rachloi@sph.com.sg @RachelLoiBT MID-CAREER blues. The lure of self-employment and a social conscience. Cats. Add them together and you have a potent combination that is fuelling one
      PHOTO: THE COMPANY OF CATS; PHOTOS: THE CAT CAFE, THE COMPANY OF CATS, NEKO NO NIWA  -  1,775 words
    • Article
      Lock icon Cafes serving up animal attraction
      267 33  -  By GEORGINE VERANO gverano@sph.com.sg Cat Cafe Neko no Niwa Address: 54A Boat Quay (Level 2), Singapore *****3 Opening hours: Mon, Wed to Fri, 11am to 10pm; Sat, Sun, and public holidays, 10am to 10pm Prices: $12 for first hour, $5 per subsequent half hour Tel:
      267 words
    • CINEMA/TV/MUSIC
      • Article, Illustration
        Lock icon French-Indian war rages in kitchen
        649 34  -  The Hundred-Foot Journey tries to plate up a crosscultural Indo-French romance, writes GEOFFREY EU writesGEOFFREY writesGEOFFREY EU VISUAL appeal counts for plenty when food plays a starring role in a movie. Our sense of smell may not be involved but food porn-worthy close-ups of fresh
        PHOTOS: WALT DISNEY PICTURES  -  649 words
      • Article, Illustration
        Lock icon Graphic novel lunges for the jugular
        627 34  -  By GEOFFREY EU NINE years after Sin City assaulted our senses with its stylised look (high-contrast black-and-white punctuated by splashes of colour) and eye-popping violence based on Frank Miller’s graphic novel series, the square-jawed killers and drop-dead gorgeous dames that populated the original are
        PHOTO: GOLDEN VILLAGE  -  627 words
      • Article, Illustration
        Lock icon Mum takes off, dad dons apron
        379 34  -  By GEORGINE VERANO gverano@sph.com.sg AS the saying goes, mother knows best especially in Asia where women are traditionally expected to take care of the entire household. But what happens when mother is not around? That is the question that cable network, LifetimeAsia, looks to
        PHOTO: LIFETIME  -  379 words
      • Article, Illustration
        Lock icon It’s the Beatles redux in 2-hour stage homage
        551 34  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THE members of Beatlemania, a Beatles tribute group from Scotland, may be in their 20s but they don’t like being called young. “We’re possibly one of the youngest acts out there but I won’t write that down
        PHOTO: BEATLESMANIA  -  551 words
    • MUSIC
      • Article, Illustration
        Lock icon Finding Zen in music
        988 35  -  Jazz pianist and composer Herbie Hancock talks about an epiphany with the late Miles Davis that changed his life, writes GEOFFREY EU writesGEOFFREY writesGEOFFREY EU HERBIE Hancock was having trouble finding his groove. It was the second half of the 1960s and the jazz pianist and
        PHOTO: DOUGLAS KIRKLAND  -  988 words
      • Article, Illustration
        Lock icon New members resurrect old work
        739 35  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THE hard work is finally paying off for local indie band, The Observatory. All 200 first-run coloured vinyls and 80 cassette tapes of their latest album, Oscilla, have sold out in the week of its release a rare and almost
        PHOTO: DAN YEO, WHITE ROOM STUDIO  -  739 words
      • Article, Illustration
        Lock icon Hollywood with a touch of Hope
        690 35  -  CD REVIEWS B)’ CHRIS LIM |ih1chris@sph.com.sg @ChrisLimBT IT used to be easy to pick out a classical music release on a CD rack. Two decades ago, such albums were sober affairs. Somebody clad head to toe in dark colours. Instrument held demurely. And if
        PHOTO: MARGARET MALANDRUCCOLO  -  690 words
    • ARTS/MUSIC
      • Article, Illustration
        Lock icon Breathtakingly stylish Oedipus
        534 36  -  The Chorus; Oedipus blows dust off the classic, and is the best show in SIFA so far. SINGAPORE INTERNATIONAL FESTIVAL OF ARTS BY HELMI YUSOF THE Singapore International Festival of Arts is midway through and, judging by the buzz on social and mainstream media, it is clear
        PHOTO: TUCKYS PHOTOGRAPHY, SIFA  -  534 words
      • Article, Illustration
        Lock icon Martha lives, with a touch of camp
        360 36  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT IT is the eye-roll that gives it away. Catty, half-impatient, delivered with the attitude and sass that only a drag queen can muster. Once Richard Move, the male impersonator of the late great dancer Martha Graham dispenses those
        PHOTO: CHONG YEW  -  360 words
      • Article, Illustration
        Lock icon Grand dame of modern Japanese art
        639 36  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT AT 101 years of age, Japanese artist Toko Shinodahas accumulated a long list of accomplishments to her name. Not just for her work in modern abstract art she is also one of Japan’s foremost modern practitioners of calligraphy. Her
        PHOTOS: THE TOLMAN COLLECTION  -  639 words
      • Article, Illustration
        Lock icon Ringing in the changes for Noise Singapore
        324 36  -  By GEORGINE VERANO gverano@sph.com.sg MULTI-DISCIPLINARY arts festival, Noise Singapore, is making itself heard with a host of fresh additions to this year’s line-up. On the cards are a three-day music fest at the Esplanade featuring 18 acts including bands, sing-er-songwriters and rappers from
        PHOTOS: NOISE SINGAPORE  -  324 words
    • ARTS/PURSUITS
      • Article, Illustration
        Lock icon Photographic art show gains traction globally
        751 37  -  The biennial Singapore International Photography Festival is growing with a total of 1,038 works from 64 countries, writes RACHEL LOI writesRACHEL writesRACHEL LOI SINGAPORE’S photography scene has come a long way in the last few years from the increasing number of photography exhibitions in
        751 words
      • Article, Illustration
        Lock icon Local food fest Savour heads to HK
        514 37  -  By GEORGINE VERANO gverano@sph.com.sg AFTER three years of bringing Michelin star cuisine to the masses in Singapore, gourmet food festival SAVOUR is spreading its wings to Hong Kong and beyond. SAVOUR Hong Kong will debut from Sept 9 to 1, with a line-up
        FILE PHOTOS  -  514 words
      • AroundTown
        • Article
          Lock icon Classical
          399 37  -  Compiled by Georgine Verano gverano@sph.com.sg Mad Nest #EatDrinkArt Art Craft Workshop:The #EatDrinkArt exhibition ends on a high with an art and craft workshop at Mad Nest. Six #EatDrinkArt creatives will man their own booths at the event while online design retailer, Naiise, will also put together a special booth
          399 words
        • Article, Illustration
          Lock icon Pick of the Week
          265 37  -  By Rachel Loi FRENCH Berlin-based artist Agathe de Bailliencourt is no stranger to Singapore’s art scene. On top of living in Singapore from 2002 to 2007, her work was also displayed at the first-ever Singapore Biennale in 2006. Although she has lived mostly in Berlin since
          265 words
    • WINE
      • Article, Illustration
        Lock icon The road less travelled
        1208 38  -  Vinous forays into unfamiliar terroir can prove fruitful, writes N K YONG “I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I, I took the one less traveled by, And that has made all the
        PHOTOS: NK YONG  -  1,208 words
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      203 35 $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 Traders
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  • Page 37 Miscellaneous
    • Miscellaneous
      Lock icon Page 37 Miscellaneous Column 1
      356 37 CRYPTIC CROSSWORD Across 1 Breeding establishment for Spooner and for us! (10) 6 Illustrious man and very important lady in house (4) 10 Obscure English female hides in lavatory, rather rudely (5) 11 Dear old lover musing (9) 12 Where you see a five relative to four well thought of!
      356 words
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      114 38 WINES ANNUAL SALE STARTS TODAY! 29™ aug e-m sep 2014 BIGGEST SALE EVER Close to 500 Labels of Fine Wines with Discounts Up to 35 BORDEAUX Haut-Brion, I'Eglise Clinet, Lafite Rothschild, Leoville-Las Cases, Leoville-Poyferre, Palmer, Pichon Baron, Pichon Lalande, Trotanoy BURGUNDY Armand Rousseau, Claude Dugat, Coche-Dury, Comte Liger-Belair, DRC, Dujac,
      114 words