The Business Times, 30 August 2014

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Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg AUGUST 30-31, 2014 S$1.00 MCI (P) 052/08/2014 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon Calling Singapore space travellers
    918 1  -  The adventurous must be certified medically fit and have more than a little spare cash By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore Looking for an out-of-the-world travel experience? If you have US$100,000 to spare, lots of guts and a healthy heart, and are looking to get away
    BT Graphics: Elenita Sarah Loyala, Jonathan Goh; Source: Mastercard  -  918 words
  • Article
    Lock icon Khazanah throws MAS RM6b lifeline
    656 1  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur KHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-mak-ing Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to
    656 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,327.09 (-3.13) HSTI FUTURES 3,328.00 (-2.00) HSIMSCI 377.64 (-0.90) HSIMSCI FUTURES 377.40 (-1.50) Friday Change KL COMP 1,866.11 -9.57 NIKKEI 225 15,424.59 -35.27 HANG SENG 24,742.06 +1.06 SET 1,561.63 +2.58 JAKARTA 5,136.86 -47.62 MANILA 7,050.89 -49.81 KOSPI 2,068.54 -7.22 SHENZHEN B 940.20 +4.97 MUMBAI IND Closed 12 noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.771 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.660 2.072 EURO (US$/S$/€ 1.317 1.643 Foreign currency per US$ S$ YEN 103.80 83.20 RM 3.152 2.526 HK$ 7.750 6.211 BAHT 31.93 25.59 RUPIAH 11,690 9,369 RENMINBI 6.144 4.924 INDIAN RUPEE 60.55 48.53 A$ 1.068 0.856 NZ$ 1.192 0.955
        49 words
    • Article
      Lock icon Tharman tells banks to do more to re-employ older workers
      767 2  -  He lauds 9 banks for doing their part; workers also urged to stay nimble Reports by Siow Li Sen |isen@sph.com.sg @SiowLiSenBT Singapore BANKS should do more to promote re-employment of older workers, said Tharman Shanmugaratnam, Deputy Prime Minister Minister for
      767 words
    • Article
      Lock icon NTUC in bid to extend wage model to banking sector
      354 2 Union says this will ensure higher wages and a clear career progression ladder Singapore BANK workers may soon enjoy higher wages through the progressive wage model (PWM) as the National Trades Union Congress extends the model to other sectors of
      354 words
    • Article
      Lock icon Bank lending remains flat in July
      614 3  -  Fall in loans to businesses offsets meagre rise in consumer borrowings By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore BANK lending in Singapore dipped ever so slightly in July from June, as a fall in loans to businesses offset a meagre rise in consumer borrowings, according
      614 words
    • Article, Illustration
      Lock icon Weak data puts pressure on Abenomics
      815 5  -  Household spending fell by 5.9% y-o-y in July, factory output rise stayed weak at 0.2% By Anthony Rowley btworld@sph.com.sg Tokyo PRIME Minister Shinzo Abe’s Abenomics policies suffered a further blow to their credibility on Friday, as household spending in Japan slumped by just under
      PHOTO: REUTERS  -  815 words
    • Article
      Lock icon DC rates for non-landed residential use dip on weaker home prices
      1152 6  -  No change for landed and industrial use; 9% average rise for places of worship, hotels By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE authorities have trimmed development charge rates for non-landed residential use by an average of 1.6 per cent
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    • Article, Illustration
      Lock icon Where’s the next Creative Tech?
      847 7  -  Teo Ser Luck: SMEs must move from parts suppliers to producers of international brands By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE’S electronics industry cannot afford to miss another cycle of change and it needs new homegrown companies to take over the mantle from Creative
      847 words
    • Article
      Lock icon German firms willing to help plug shortage of technical staff here
      400 7  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SINGAPORE-based German businesses, worried about the lack of skilled labour here, welcome the government’s efforts to grow the technical workforce and are ready to step forward to help plug the shortfall in this
      400 words
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      49 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-29 Househunt 30 LIVING Dining L2-7 Home Garden L8-9 BT Wine Challenge L10-11 BT Corporate Golf L12-13 Motoring L14-15 Shopping L16 Real Estate 31
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      26 3 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 3 Miscellaneous
    • Miscellaneous
      Lock icon Page 3 Miscellaneous Column 1
      62 3 SINGAPORE —SWEEP— 1 st prize $2,300,000 2 N0 PRIZE $500,000 $250,000 3 rd PRIZE 9 sets of 2D winning numbers (315,000 prizes, each $6) gNGAP RE S\M I r-> 2 M Date. Wednesday 3 S3S*****.68 DRAW ON WEDNESDAY, 3 SEP 2014 p layA Always play with care. responsibly) Do not
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      17 5 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
      17 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      226 5 THE SOUND VISION SPECIALIST The Headphone Bar Parrot Audeze Cypher Labs Zik AKG FiiO RHA HRT KEF JAYS Audinst Earsonics Burson Shure Grado Denon Klipsch Atomic Floyd ALO Audio Beyerdynamic Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available Zikmu iii Zikmu Now: $2,688 /J Parrot Wireless
      226 words
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      33 7 H M>] $1.6 MILLION Estimated Draw on Mon, 1 Sep 2014 at 6.30pm For details, visit www.singaporepools.com.sg p AY® Always play with care. responsibly! Do not bet illegally. RGB Reg No: *****0202G m
      33 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Malaysia’s billionaire oilman
      2048 8 / 9  -  Shahril Shamsuddin has transformed SapuraKenchana into a global player that provides end-to-end solutions and services to the upstream petroleum industry. By S Jayasankaran IN one corner of the spacious office on the 16th floor of the SapuraKenchana building near the government offices off Jalan Duta in Kuala
      2,048 words
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  • COMPANIES
    • Article, Illustration
      Lock icon New major shareholder, but no change in strategy: Olam
      641 10  -  The company posts Q4 net profit of S$31 .8 million, down 43.9 per cent By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EVEN with a new major shareholder in Temasek Holdings, Olam International will remain focused on its strategy of generating free cash
      ST FILE PHOTO  -  641 words
    • Article
      Lock icon Panel formed to push for more women on company boards
      222 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE push for more female representation on companies’ boards got a nudge following the official formation of the Diversity Action Committee (DAC), after months of work-in-progress. Magnus Böcker, chair of DAC, on Friday said
      222 words
    • Article
      Lock icon Great Eastern appoints non-executive chairman
      202 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INSURER Great Eastern Holdings has announced the appointment of a non-execu-tive chairman to its board of directors, following the resignation of a key executive in June. Koh Beng Seng, 63, who has been on the company board since January
      202 words
    • Article, Illustration
      Lock icon STATS ChipPAC takeover talks in focus
      571 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE possible takeover of STATS ChipPAC, the continued reliance of the Straits Times Index on the three banks and Jardine group for support, and rotational playing of penny stocks were the main features of interest in an
      571 words
    • Article
      Lock icon TOP GAINERS
      67 11 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 107.3 0.3 SPDRS S&P 500 10US$ ***** 79.8 0.3 IS S&P500 ***** 58.6 0.2 DBXT FTVietnam 10US$ 2986 56.1 1.5 SPDR DJIA 10US$ ***** 53.6 0.3 DBXT Nifty 10US$ ***** 52.4 0.3 JSH 500 USD 3640 49.9 1.1 DBXT AUD
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    • Article
      Lock icon TOP LOSERS
      61 11 BY CENTS CLOSEDOWN DBXT iBoxxSvEu 5US$ ***** -98.6 -0.3 JMH 400 USD 6026 -67.4 -0.9 GLD 10US$ ***** -44.9 -0.3 Lyxor ThaiSET 10US$ ***** -36.2 -0.2 UOB 2293 -29.0 -1.2 DBXT AUDCS 5US$ ***** -28.7 -0.1 DBXT E50 10US$ 5234 -26.2 -0.4 DBXT AUDCS 5SG$ ***** -24.0 -0.1
      61 words
    • Article, Illustration
      Lock icon Singapore banks’ regulatory, prudential framework strong: Fitch
      400 11 Singapore FITCH Ratings says that the prudential and regulatory framework for banks in Singapore remains strong. The country’s central bank, the Monetary Authority of Singapore, continues to be proactive in its oversight of the banking sector, and local regulatory standards are progressing apace
      PHOTO: BLOOMBERG  -  400 words
    • Article
      Lock icon TOP 20 ACTIVES
      244 11 VOL CLOSE APAC Strateg i c 179 V286 5 .8 0 .0 0 .0 Singapore eDev 126 0.0 728 0 .2 0 .1 33 .3 OLS Enterpr i se 11 3 OLS Enterprise 827 1 .8 0 .5 38 .5 STATS Ch i pPAC 105 105,584 584
      244 words
    • Article
      Lock icon STI STOCKS
      120 11 Stock name Close Change Ascendas Reit 2.350 CapitaLand 3.320 -0.010 CapitaMall Trust 2.000 -0.010 CityDev 10.030 -0.050 ComfortDelGro 2.510 +0.010 DBS Grp 17.920 -0.040 Genting Sing 1.220 -0.010 Global Logistic 2.850 -0.010 Golden Agri-Res 0.510 -0.010 HPH Trust USD 0.720 +0.010 HongkongLand USD 6.850 +0.030 JMH 400 USD
      120 words
    • Article, Illustration
      Lock icon Tussle for WBL: what was it all for?
      1070 12  -  UE pays through its nose to take over WBL, only to sell parts of it a year later COMMENTARY Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent PERHAPS there were forces beyond his control. But when thenUnited Engineers (UE) chief executive Jackson Yap announced that
      ST FILE PHOTO  -  1,070 words
    • Article, Illustration
      Lock icon August market capitalisation dips 0.6%
      892 13  -  Weak reporting season and geopolitics weigh on local investor sentiment By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore TRADING in the month of August ended on Friday with a clear verdict from a common gauge of the worth of the local stock market the market capitalisation of
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      64 12 HOT PROPERTY 150 T 00s D f“ L B AND New wide frontag™o e D r D n Rnf PiCal Garden. y Botanic W«egeOn g cond n Sutet HOlland CLUNY ***** SF FH d Montage" ElevaTed^’^f Qreenery. grd F HOUSES FOR SALE Check this and many other properties in The
      64 words
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      622 13 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PAN GULF ASIA PTE. LTD. (Registration No. *****1218K) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the
      622 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Alumni giving back – not money, but time
      768 14  - Alumni giving back not money, but time Mentorship programmes are growing as alumni guide undergrads on careers By Cai Yong caiyong@sph.com.sg IT USED to be that university alumni would write cheques to their alma mater as their contribution to the institution. These days though, they are keen to present a
      PHOTO: ARTHUR LEE  -  768 words
    • Article
      Lock icon 8 trade groups, business chambers awarded S$iom
      429 15  -  Funding will allow them to help members become more competent By Jan Lee janlee@sph.com.sg INTERNATIONAL Enterprise (IE) Singapore and Spring Singapore awarded eight trade associations and chambers (TACs) more than S$10 million in Local Enterprise and Association Development (Lead) funding at the Lead
      429 words
    • Article
      Lock icon Kazakhstan woos investors from S’pore
      356 15  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT KAZAKHSTAN’S Foreign Minister Erlan Idrissov met Prime Minister Lee Hsien Loong and Minister for Foreign Affairs and Law K Shanmugam on Thursday as part of his visit to Singapore to promote investment in his country. In an interview on
      356 words
    • Article, Illustration
      Lock icon S’pore Int’l Commercial Court will enhance options: CJ
      750 15  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT SINGAPORE’S Chief Justice (CJ) says he hopes the Singapore International Commercial Court (SICC), which the city-state intends to establish to hear international commercial disputes, will be like the iPad “The thing you didn’t know you needed until
      750 words
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      32 16 Download Our Apps: Follow Us: Awarded Silver, General Website (Employment) W3 Awards 2013 STJobs.SG STJobsSG A product of SPH, Singapore’s trusted media group. At STJobs.sg, your ideal job isn't hard to find.
      32 words
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  • WORLD
    • Article, Illustration
      Lock icon Yellen’s wealth grows with asset price gains
      780 17 She is among Fed officials whose financial disclosure reports show they are millionaires Bloomberg New York FEDERAL Reserve officials benefited from gains in asset prices that have boosted the wealth of millions of other Americans, financial disclosure reports show. Fed chair Janet Yellen’s
      Bloomberg; PHOTO: AFP  -  780 words
    • Article
      Lock icon Japan rolls out campaign to stockpile toilet paper
      423 17 Bloomberg Tokyo JAPAN’S bureaucrats don’t want the nation to be caught with its pants down the next time toilet paper supplies run short after a natural disaster. That’s why the government is rolling out its latest public-aware-ness campaign, entitled “Let’s Stockpile Toilet
      Bloomberg  -  423 words
    • Article
      Lock icon Google takes on Amazon in race to develop drones
      279 17 Bloomberg San Francisco GOOGLE Inc is taking its rivalry against Amazon.com to the skies. The search giant’s X laboratory division is developing drones that can handle deliveries, a move that would be in direct competition with the e-com-merce company that is
      Bloomberg  -  279 words
    • Article, Illustration
      Lock icon Iceland lowers aviation alert as volcanic eruption ‘not a threat’
      529 18 No detection of ash like that from big 2010 eruption which disrupted flights Bloomberg Reuters London ICELAND reduced its aviation warning level to orange on Friday after concluding that a small eruption in the Bardarbunga volcano system that triggered a
      Bloomberg; Reuters; PHOTO: REUTERS  -  529 words
    • Article
      Lock icon Japan wants US flexibility on farm tariff demands in TPP talks
      234 18 Bloomberg Tokyo JAPAN and the US can reach an agreement on farm tariffs in Trans-Pacific Partnership (TPP) talks if the US becomes flexible on sensitive items, said Japan’s ruling party’s trade policy chief. “Some of the US requests are
      Bloomberg  -  234 words
    • Article
      Lock icon Japan’s defence planners seek spending boost
      460 18 Reuters Tokyo JAPAN’S defence planners are seeking their biggest budget ever for the coming fiscal year to pay for stealth fighters, drones and a hi-tech submarine, as Prime Minister Shinzo Abe bolsters the military amid an intensifying rivalry with China. The Defence Ministry on
      Reuters  -  460 words
    • Article, Illustration
      Lock icon HK bourse mulls listing rule changes
      595 20 Move comes as China firms debut in New York which allows dual-class share structures Reuters Hong Kong STUNG by the loss of the high-profile IPO of Chinese e-commerce firm Alibaba Group, the Hong Kong stock exchange on Friday took the first step towards potentially
      Reuters; PHOTO: REUTERS  -  595 words
    • Briefing
      • Article
        Lock icon Eurozone August inflation hits 5-year low
        101 20 Reuters Brussels Eurozone inflation dropped to a fresh five-year low in August, data showed on Friday. Consumer prices in the 18 countries using the euro rose by just 0.3 per cent year-on-year in August, the smallest increase since October 2009, the European Union’s statistics
        Reuters  -  101 words
      • Article
        Lock icon India Q2 GDP growth highest since Mar ’12
        127 20 Bloomberg New Delhi India’s economic growth accelerated to the fastest pace in more than two years, beating estimates, after the central bank refrained from raising interest rates. Gross domestic product rose 5.7 per cent in the three months ended June from a
        Bloomberg  -  127 words
      • Article
        Lock icon China cuts SOE executive salaries
        117 20 AFP Beijing China’s top leaders decided on Friday to cut salaries and restrict expense accounts and other perks of executives at state-owned enterprises (SOEs), official media reported, as they pursue a crackdown on corruption and extravagance. Xinhua provided no exact amount of the cuts. However,
        AFP  -  117 words
      • Article
        Lock icon CIMB’s quarterly profit down 10%
        132 20 Bloomberg Kuala Lumpur CIMB Group Holdings Bhd, Malaysia’s second-largest bank, posted a 10 per cent drop in profit last quarter as it warned of a “challenging” outlook for its Indonesian business in the final months of the year. Net income fell to RM949.9 million (S$376
        Bloomberg  -  132 words
      • Article
        Lock icon Twitter plans Indonesian office
        87 20 AFP Jakarta Twitter plans to open an office in Indonesia over the coming months as it seeks to boost revenues in the nation, the company announced on Friday. Indonesia is a major market for Twitter it is the world’s fourth most populous country with some 250
        AFP  -  87 words
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      270 19 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. The Fastest Drive Be among
      270 words
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      38 20 ■w a -a ■VrC^ /A Tenure! 1 Freehold Captive IBIS HoteJ j/yjth 300^ rooms Catchment: BidaSari New Town 12,000 homes JERRY LUM Snr Marketing Director, MBA, CES CEA licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8127 21 Transaction date: Aug 29 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13 10.4 8Telecom 11.9 10.8 13 6.3 1 15.5 57 20 5.1 A-Sonic Aero 8.2 unch 48 8.3 8.2 8.2 8.3
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    • Article
      Lock icon SGX CATALIST
      2114 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 29.5 29 39 35.4 31.5 22 t 800 Super 30 -1 528 30.5 30 30 30.5 5 3.3 6 53.6
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 5 0 0 0 4 6 5 Manufacturing 45 38 50 12 8 8 57 46 58 Commerce 12 16 27 6 3 5 18 19 32 Tpt/Stor/Comms 16 16 8
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      782 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) 800 Super Hldgs 28-Aug-14 Venstar Investments Ltd Sell 1000 0.31 9835 5.50 8835 4.94 800 Super Hldgs
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,107 15,107 64,051 64,051 Manufacturing 347,238 59,171 406,409 228,771 3,246 232,016 Commerce 128,762 63,312 192,074 72,330 4,382 76,712 Tpt/Stor/Comms 82,619 4,153 86,772 117,697 767 118,463 Finance 31,802 275 32,077 179,258 70 179,328 Construction 18,903 167,770
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Aug 28 COCOA (£/tonne) Close Prev High Low Sep 14 2075 2054 2083 2045 Dec 14 2034 2024 2040 2015 Mar 15 1998 1992 2005 1981 May 15 1986 1979 1992 1969 COFFEE(US$/tonne) Close Prev High Low Sep 14 2036 2030 2041 2014 Nov 14 2039 2048 2055 2031
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    • Article
      Lock icon METALS
      66 25 Aug 29 GOLD(US$/oz) Aug 29 Aug 28 Hong Kong 1285.00 1293.00 Aug 28 Aug 27 London 1289.16 1282.80 1289.93 1283.00 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.62 23.85 Source: UOB PLATINUM Lon (US$/oz) Aug 28 Close Previous PM Fix 1428.00 1420.00 AM Fix 1425.00 1421.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Aug 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 1977.0 1937.0 1979.0 1922.0 401 3493 Oct 14 1980.0 1929.0 1980.0 1927.0 2921 ***** Nov 14 1980.0 1929.0 1984.0 1926.0 ***** ***** Dec 14 2012.0 1966.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 25 Aug 29 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-16 106.46 106.49 106.48 5-Year NX*****W 2.5 01-Jun-19 105.53 105.65 105.65 10-Year NY*****H 3.000 01-Sep-24
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Aug 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1674 1.1683 0.9358 0.9362 Canadian dollar 1.1489 1.1499 0.9215 0.9210 Euro 1.6430 1.6437 1.3170 1.3172 NZ dollar 1.0468 1.0474 0.8391 0.8393 Sterling pound 2.0711 2.0720 1.6602 1.6604
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Aug 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.172 1.127 Euro 1.685 1.605 Sterling pound 2.110 2.029 NZ dollar 1.071 1.030 US dollar 1.274 1.214 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon CHICAGO BOT
      104 25 Aug 28 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 14 1073.75 1085.75 1123.00 1068.75 Nov 14 1028.75 1023.75 1033.25 1021.00 Jan 15 1036.50 1031.75 1041.00 1029.25 Mar 15 1043.75 1039.25 1048.50 1037.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 14 32.64 32.67 32.87 32.46
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +5.04% 52-week high: 3,387.84 on July 31,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 25 YTD change:+6.16% 52-week high: 25,243.16 on Aug 25,2014 52-week low: 21,137.61 on March 20,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: +4.78% 52-week high: 2,270.27 on Sept 12,2013 52-week low: 1,974.38 on March 12,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -5.32% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 13,335.91 on Aug 30,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        27 25 YTD change: +3.03% 52-week high: 17,153.80 on Aug 26, 2014 52-week low: 14,719.43 on Oct 9,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  27 words
    • Article
      Lock icon OIL
      68 25 Aug 28 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 102.24 -0.04 WTI (Near Mth) 94.59 0.71 Dubai (1-Mth F) 101.20 0.02 Tapis blend 103.84 -0.18 Minas 98.84 -0.18 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.67 -0.55 Jet Kerosene 116.44 0.24 US$/barrel OpecOil Basket Price 99.97
      68 words
    • Article
      Lock icon LONDON METALS
      72 25 Aug 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2084.25 2085.50 3 months 2081.00 2085.50 Copper, Grade A (US$/tonne) Cash 6962.00 7062.00 3 months 6934.00 7030.00 Lead (US$/tonne) Cash 2242.25 2254.50 3 months 2248.50 2264.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 28 Index Change Change Change Change Change Change World Preliminary 1251.0 -0.4 5.6 -0.2 3.8 -0.4 5.0 EAFE Preliminary 972.5 -0.6 1.7 -0.5 -0.7 -0.7 0.4 Europe Preliminary 1386.7 -0.7 2.3
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Will ‘Casinomics’ rescue Japan?
      1092 26 / 27  -  Integrated resorts may be Abe’s last resort to boost the country’s economy Anthony Rowley Tokyo Correspondent FORGET Abenomics. “Casinomics” is what is set to haul Japan out of economic stagnation, liven up depressed regions of the country, help turn around the huge Budget deficit and generally
      PHOTO: BLOOMBERG  -  1,092 words
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      Lock icon Some things don’t change in business
      594 26 / 27  -  By Terry Smagh ~The writer is vice-president of Qlik Asia HE world of business is always in a state of constant change. The press constantly reports on the changing faces of organisations, internal systems and operations such as human resource (HR), finance and customer
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  • Page 26 / 27 Miscellaneous
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      328 26 / 27 SATURDAY with Ludwig HDB has retracted its notice on ‘debarking’ us, so avoid barking up the wrong tree CRYPTIC CROSSWORD Across: 1 Settle on a posh carriage (6) 9 On the map, going up in the world (10) 10 Assured of success in having got off the booze? (4,3,3) 11
      328 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Multi-asset fund strategies catching on
        1158 28 / 29  -  Amid a challenging investment environment, fund managers see keen demand for multi-asset portfolios in the retail and institutional space alike Genevieve Cua gen@sph.com.sg Personal Finance Editor Multi asset fund strategies appear to be riding high and fund managers expect demand to continue to be strong,
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        Lock icon BROKERS’ TAKE
        679 28 / 29  -  Compiled by Teh Shi Ning Linc Energy Outperform Credit Suisse Research, Aug 29 Aug 29 close: S$1.205 THE Carmichael mine royalty was sold for A$155 million (S$181 million). Linc announced the divestment, which will be paid in two tranches A$90 million within 65 days and A$65 million up
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    • WEALTH REAL ESTATE
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        Lock icon Canada house prices likely to rise further
        200 30 Chances of a crash have increased in the past year, say analysts Reuters Toronto THE risk of a property market crash in Canada has not ebbed, according to an increasing number of analysts polled by Reu- ters who said that chances of a
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        Lock icon Househunt
        697 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 16 AND JULY 22, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED MARINA BAY RESIDENCES APT 21/07/2014 99 743 1723 2320 District 2 NON-LANDED INT'L PLAZA APT
        697 words
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        Lock icon Marina One condo to launch at S$2,600 psf
        796 31  -  Pricing takes into account prime location and connectivity to 4 MRT lines, says developer By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT LUXURY condo Marina One Residences is set to launch in mid-September at an average asking price of S$2,600 per square foot a level
        796 words
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        Lock icon For the busy professional – showflat on wheels
        184 31  - For the busy professional showflat on wheels By Kelly Tay kellytay@sph.com.sg @KellyTayBT DREAD heading out to an over-crowded showflat? Property developer UOL Group is now taking their showroom to you. The mobile showroom targets busy professionals, and carries a mock-up of a Riverbank@Fernvale living room. The traditional full-fledged showflat is
        184 words
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      51 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN PINK GOLD. NEW BOUTIQUE NOW OPEN AT MARINA BAY SANDS SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CANAL LEVEL B2-207 TEL (65) 6688 7595 AL ROY
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      70 1 THE BUSINESS TIMES WEEKEND AUGUST 30 31 2014 BT Living DINING Taste the world L6-7 HOME GARDEN Wow of a house L8-9 LIVE TO EAT HEALTHILY Opt for cooking classes or, for busy execs, delivery services L2-5 BT WINE CHALLENGE 2014 Savour a sip of Italy’s flavours L10-11 PHOTO: CONSCIOUS
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  • BT Living
    • DINING/WELLNESS
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        Lock icon Live to eat – healthily
        4048 2 / 3  - Live to eat healthily Fast food junkies, don’t use excuses such as poor cooking skills or a lack of healthy food choices to rationalise your eating habits. A range of options coming onstream could inspire you to put that Ramly burger down for good or at least for the time
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    • DINING
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        Lock icon Taste the world
        1728 6  -  From sake to pizza and everything good in between there will be plenty to delight your tastebuds at three upcoming food events here. BT Weekend presents the highlights B Y Jaime Ee jaime@sph.com.sg @JaimeEeBT By Debbie Yong debyong@sph.com.sg @DebbieYongBT Toast to sake A Night With The Frontier
        1,728 words
    • HOME & GARDEN
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        Lock icon Wow of a house
        1244 8 / 9  -  Passers-by seeing Eric Cheng’s house for the first time are likely to stop and stare which is exactly the kind of reaction he wants. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT ERIC Cheng, group CEO of property firm ECG Holdings,
        ALL PHOTOS BY YEN MENG JIIN  -  1,244 words
    • BT WINE CHALLENGE 2014
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        Lock icon The Italian Connection
        1235 10 / 11  -  With its sheer diversity of wine styles, Italy is a strong contender in this year’s competition. By Suzanne Brocklehurst By Suzanne Brocklehurst ITALY’S art, music and fashion have always attracted global attention and its wines continue to attract plenty of interest. This is particularly the case at
        1,235 words
    • BT CORPORATE GOLF LEAGUE 2014
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        Lock icon Round 4: The winner is ...
        836 12 / 13  - Round 4: The winner is Team Emerio emerge victorious with the highest score of 104 after count back. By Justine Moss By Justine Moss AFTER four rounds of this year’s BT Corporate Golf League, twice-defending champions Team SunMoon have opened up an almost insurmountable lead of 17 points over sec-ond-placed
        PHOTOS: GOLF DIGEST SINGAPORE  -  836 words
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        Lock icon Team SunMoon gunning for three-peat
        339 12 / 13 GUNNING for a “three-peat” is one of the reasons that Team SunMoon signed up once again for the BT Corporate Golf League this year. The 2012 and 2013 defending champions have also enjoyed the League for its fun and networking, according to Gary Loh. “We
        339 words
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        Lock icon Citi’s day out on the greens
        419 12 / 13 THIS is Citi’s fifth year of competing in The Business Times Corporate Golf League and one reason has been the long standing relationship with SPH and The Business Times, according to Adam Rahman, Team Citi’s captain, who is also head of corporate affairs at
        419 words
    • MOTORING
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        Lock icon Delightful drive and design
        612 14  -  The stylish Mazda2 is fun to drive fast. By Samuel Ee samuelee@sph.com.sg MOST city cars neither look good nor drive fast well. Fortunately, the new Mazda2 is not one of them. The fourth generation of this sub-compact hatchback has delectable styling to match its high-speed abilities.
        612 words
      • Article, Illustration
        Lock icon A MORE X-CITING VOLVO
        601 15  -  The Volvo XC90 is a new car from a new Volvo car company. By Samuel Ee samuelee@sph.com.sg I F you believe Volvo, the guiding philosophy for its newXC90 was focused on just three words “designed around you”. When Chinese carmaker Geely bought the Swedish marque from
        601 words
    • SHOPPING
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        Lock icon Beauty at a (low) price
        974 16  -  The re-entry of a drugstore beauty giant with high-performance products signals the rise of affordable beauty brands. By May Yip By May Yip FOR the average beauty junkie, spending over S$200 for an eye cream wouldn’t give rise to a new worry line. Since La
        974 words
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      833 7 wine&dine with BTWeekend Weekend staycation at Marina Mandarin Singapore 6 Raffles Boulevard Indulge family and friends with a weekend respite at Marina Mandarin Singapore. Take a dip in the hotel’s signature mineral water pool or enjoy a good workout at the 24-hour fitness centre. At the end of the day,
      833 words
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      197 10 / 11 This is the first in a series of five articles featuring 30 wines shortlisted for The Business Times Wine Challenge 2014 CEOs’ Choice, in partnership with UBS. The wine awards is in its second year, and is the only one to reflect the palate of Singapore‘s business elite. Wines submitted
      197 words
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      132 12 / 13 "N, 01 THE BUSINESS TIMES CORPORATE GOLF LEAGUE presented by Audi Hole-In-One Sponsors iUDEMARS PlGUET Audi World Golfers \UfcISfe Championship iBBsrug Sponsors enturion Qtdoi Networking Night Partner Operated by Singapore Media Partner gyaS peak^u Co-organised by POOLS s ir Ace Medical ambient lounge* Services AYUTI1AYA BOSS HUGO BO r fitness
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      50 16 New Improved: STJobs.sg Fall in love with our new website features e INI MM New look, new features, new experience! STJobs has improved the way you search for jobs online with some brand new features. Visit our new site at STJobs.sg At STJobs.sg, your idealjob isn’t hard to find. STJOBS.sc
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