The Business Times, 1 September 2014

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Monday, eptember 1, 2014
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  • 845 1  -  Prices have been soft, and it may take a while for a stable turnaround to come By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] The Indonesian coal sector is primed for a shake-up. Dark clouds are hovering over it, presenting rich pickings for cash-rich coal producers
    Source: Morgan Stanley; Source: IHS  -  845 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,327.09 +1.59 KL COMP 1,866.11 -4.88 NIKKEI 225 15,424.59 -114.60 HANG SENG 24,742.06 -370.17 SET INDEX 1,561.63 +4.66 JAKARTA COMP 5,136.86 -62.04 MANILA COMP 7,050.89 -82.20 SEOUL COMP 2,068.54 +11.84 SHENZHEN B 940.20 -2.31 MUMBAI IND 26,638.11 +218.56 DOW 17,098.45 +97.23 NASDAQ 4,580.27 +41.72 S&P
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    • 22 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 14.771 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.660 2.072 EURO (US$/S$/E) 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
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  • 635 1  -  They pick up two of the six awards and represented four of 16 firms nominated By JAN LEE janlee@sph.com.sg [SINGAPORE] Snagging one of the top honours at Friday’s Emerging Enterprise (EE) Award Gala Dinner was particularly sweet for Dr Michelle Goh; when she started
    PHOTO: ARTHUR LEE  -  635 words
  • Page 1 Advertisements
    • 253 1 VIEWS FROM THE TOP Going beyond the paper chase PAGES 10-11 BOARDROOM MATTERS Towards a new normal for businesses PAGE 6 DINING OUT Mix and Match with late-night dining PAGE 19 TOPLINE DHL Express: full speed ahead every day page 6 BT WEBSITES For breaking news, go to businesstimes.com.sg. For
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  • TOP STORIES
    • 508 2 FROM GREEN TO SMART To kick off the Singapore Green Building Week, Simon Ang, Kelly Tay, and Weatherly Tan take a closer look at smart buildings and how they work. Apart from being energy-efficient, these intelligent structures centralise and automate all operations and management systems including
      BT Infographics; Source: Johnson Controls  -  508 words
    • 377 2 Indonesian coal sector to consolidate THE Indonesian coal sector is primed for a shake-up. Dark clouds are hovering over it, presenting rich pickings for cash-rich coal producers and investors seeking a bargain. But this will take some time to bear out as the industry waits to ride out
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    • 885 2  -  Economists expect figures to show country added over 200,000 jobs in Aug WALL STREET INSIGHT By ROB CURRAN LAST week, US stock indices finished at record highs and completed their largest monthly gains since February, as the American economy regained some of
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    • 562 2  -  Ergo unit now ranks 14th in property casualty market By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT [SINGAPORE] Germany’s Ergo Insurance Group intends to grow its new acquisition, Singapore-based SHC Insurance, which is ranked 14th in the proper-ty-casualty market, to be in the top 10
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    • 669 4  -  It sees good value in the market and has a long-term view of Indonesian coal By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] With prices of thermal coal and hence, the value of coal mines at a five-year low, mainboard-listed Geo Energy Resources is on
      PHOTO: ARTHUR LEE  -  669 words
    • 734 4  -  SGX and CME recognised as dominant players By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] The coal industry’s ongoing switch from fixed to floating prices in contracts is fuelling expectations of an explosion in the nascent thermal-coal derivatives market. And Singapore, the base for many Asian
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  • Page 3 Advertisements
    • 31 3 Asset Management Wealth Management Asset Services Entrepreneurs are very good at spotting ideas. And advisers. 'll Hong Kong: +852 3191 1805 askhongkong@pictet.com Singapore: +65 6536 1805 asksingapore@pictet.com www.pictet.com 18 0 5
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  • Page 4 Advertisements
    • 592 4 ©Smith. Mo. i W*A\hiX irt USA 8888 A. 0. Smith Water Heaters taps the latest technology for energy saving solutions 1 TEMP TEMP SETTING o*oo MODE TIMERS OVERRIDE A. 0. Smith has 140 years of rich innovation history and scored many technological breakthroughs along the way. Today, with 43 factories
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  • Page 5 Advertisements
    • 30 5 Swiss quality. The travel version. Fly directly from Singapore to Switzerland and experience how Swiss quality and hospitality can turn any journey into something special. Find out more on swiss.com
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  • COMPANY NEWS
    • 813 6  -  DHL Express’s Herbert Vongpusanachai is on a mission to make customers more successful in what they do, TOPLINE reports LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT IT’S been 11 years since he first joined DHL Express, but Herbert Vongpusanachai sees his work as more than just any other
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    • 1512 6 Payment Ex Rec Pay Ann (cts) date date date date ABR aw 1.000 27-Aug 29-Aug 18-Sep 22-Aug AIMS Property Sec Fund ag 0.017 26-Jun 30-Jun 19-Sep 23-Jun AIMSAMP Cap Reit (1 Apr-30 Jun 14) ct 2.550 05-Aug 07-Aug 23-Sep 30-Jul Amtek Engg ak 1.000 03-Nov 05-Nov 20-Nov 29-Aug
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    • 873 6  -  Companies need to adopt broader long-term goals and think beyond profits By ROBERT CHEW The writer is a member of the Governing Council of the Singapore Institute of Directors EVEN as companies and their boards wrestle with how to deliver greater economic value to
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    • 171 6 COMPANY MEETING PLACE DATE TIME EMS Energy E 1 Robinson Road #18-00 AIA Tower 01-Sep 10.00am Hengxin Tech E Meeting Room 334 (Level 3) Suntec S'pore Convention Exhibition Centre 1 Raffles Boulevard Suntec City 02-Sep 9.00am Intraco Ltd E The Chevrons Violet Room (Level 3) 48 Boon Lay
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    • 502 7  -  Exercise by Chronoz to fund purchase of 15% stake in Pan Asia Logistics Holdings By TEH SHI NING tshining@sph.com.sg @TehShiNingBT PROPERTY developer OKH Global says its wholly-owned subsidiary, Chronoz Investment Holdings, will be issuing S$8 million worth of redeemable convertible preference shares, to
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    • 1763 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying surged while the selling among directors was low for the fourth straight week based on filings on the Exchange from Aug 25 to 29. A total of
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    • 277 7 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.10.2014 N*****0N 2009 1 3/8 6000.00 1/4 1/10 150 100.09 0.37 SG7S*****605
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    • 294 7 Aug 29 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd ...5.50 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a ...5.50 Bank of Taiwan
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  • SINGAPORE MARKETS
    • 625 8  -  STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT probably goes without saying that investors have to get used to a low-volume and low-volatility equities world, where the major indices will at least likely grind higher at least until the market believes fully in the
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    • 711 8 CURRENCIES Bloomberg [NEW YORK] A dollar gauge rallied for a second straight month, the first time that’s happened in more than a year, on speculation that the Federal Reserve is moving closer to raising interest rates
      Bloomberg  -  711 words
    • 681 8 COMMODITIES AFP [LONDON] Crude oil and wheat prices were lifted last week by intensifying concerns over the Ukraine crisis, while gold advanced as many investors sought shelter from geopolitical tensions. Many commodities also rose on bright economic growth data in the United States, a
      AFP  -  681 words
    • 1606 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2 2 3 10.09 14.52 1.55 1.47 Amtek Engineering Ltd 3 3 2 0.06 8.13 0.56 0.62 ARA Asset Management Ltd 2
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    • 4 8 WEEKLY
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    • 77 8 Aug 29 VALUE CLOSE BT OB/OS -63.00 -80.00 BT CADI -*****.00 -12.00 BT 10-day MA -*****.00 -6.00 FTSE ST Mid Cap 779.05 +0.40 FTSE ST Small Cap 552.28 -1.93 FTSE ST All Share 809.23 -0.71 FTSE ST China Top 198.21 +0.41 FTSE ST China 228.80 +0.63 FTSE
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    • 57 8 VOLUME APAC Strategic 361,638,000 IHC 327,127,000 Weiye 256,554,000 STATS ChipPAC 226,970,000 Singapore eDev 204,774,000 Artivision Tech 193,909,000 ThaiBev 192,873,000 Sincap 187,533,000 Jaya 176,570,000 Mirach Energy 176,340,000 VALUE($) OCBC Bank 347,336,435 Global Logistic 218,888,843 SingTel 212,504,358 DBS Grp 195,971,032 UOB 169,210,081 STATS ChipPAC 156,720,175 CapitaLand 149,358,394 Genting Sing
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    • 121 8 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 165.9 0.8 DBXT AUD Bonds 5AU$ ***** 162.3 0.7 DBXT EONIA 5US$ ***** 141.0 0.6 DBXT USDIGInfl 5US$ ***** 137.2 0.4 DBXT Nifty 10US$ ***** 136.0 0.8 SPDRS S&P 500 10US$ ***** 129.7 0.5 DBXT FTVietnam 10US$ 2986 119.8 3.3 SPDR
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    • 125 8 BY CENTS CLOSE DOWN IS S&P500 ***** -199.6 -0.8 Lyxor Indonesia10US$ 9469 -98.6 -0.8 DBXT iBoxxSvEu 5US$ ***** -49.9 -0.1 DBXT MSJAP 10US$ 4678 -38.7 -0.7 DBXT FTChina25 10US$ 3241 -36.2 -0.9 Vicom 637 -23.0 -3.5 CityDev 1003 -22.0 -2.1 Great Eastern 2299 -22.0 -0.9 DBXT MSINDO 10us$ 1505
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    • 5 8 WEEKLY
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  • SINGAPORE NEWS
    • 425 9  -  NTU students invent seat system activated only by senior citizens’ ez-link card INNOVATION By AMANDA EBER aeber@sph.com.sg IT can sometimes be difficult for the elderly to find a seat on a crowded MRT train, but a group of
      PHOTO: ARTHUR LEE  -  425 words
    • 282 9 THE government is studying ways to make the Lease Buyback scheme more flexible to suit senior citizens joining the scheme at different ages. These could include varying the number of years that a senior can retain his HDB flat’s lease when
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    • 423 9  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT Parents turn school chefs A NEW social initiative aimed at low-income families will equip them with the skills to set up a food business. Under the scheme, parents will go through culinary training by Swissotel Merchant Court, and be guided to apply for
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  • Page 9 Advertisements
    • 116 9 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind
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  • VIEWS FROM THE TOP
    • 3965 10 THIS WEEK’S TOPIC: What will it take for Singapore to move to a new culture where skills count as much as university degrees? Laletha Nithiyanandan Managing Director Talent Design Potential THIS is a necessary evolution as Singapore matures as a society. Our government has taken
      PHOTO: BLOOMBERG  -  3,965 words

  • Page 11 Advertisements
    • 252 11 frtrmrir T” w s I 1 V- D 4*" 1* HI The B-Class ffi fcfl The CLA-Class ■m The SLK-Class The pleasure of driving a Mercedes-Benz has doubled. Book now to enjoy the Double Bonus package on selected Mercedes-Benz models. Double Bonus package includes; COE Discount High Overtrade Enjoy the
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    • 11 11 The full list of views from CEOs is available at http://businesstimes.com.sg
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1216 12  -  nvestors have to be aware of issues that relate to the construction and use of financial statements, saysCAI HAOXIANG CAI HAOXIANG INVESTING can be hard work, and learning how to read and analyse financial statements is just the beginning. It is already a challenge to
      FILE PHOTO  -  1,216 words
    • 1027 12  -  The simple answer is no. So, caveat emptor CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent AS LONG as there is money to be made, dishonest businessmen have tried every conceivable means to manipulate financial statements to give a false impression of their company’s health. There
      PHOTO: YEN MENG JIIN  -  1,027 words
  • Page 12 Advertisements
    • 156 12 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA/INDONESIA
    • 659 13 Pertamina stops rationing after attempt sparks panic buying AFP [JAKARTA] Just weeks before Joko Widodo takes office, a ham-fisted attempt by the state energy firm to tackle huge fuel subsidies has sparked panic buying and highlighted the most pressing economic issue confronting Indonesia’s
      AFP; PHOTO: AFP  -  659 words
    • 745 13 Sentiment may get worse in 2015-2016: Maybank IB Research [KUALA LUMPUR] Cracks are starting to show in Iskandar Malaysia’s once-booming property market, The Star reported. UEM Sunrise Bhd, considered a bellwether to Iskandar, last week slashed its sales target for 2014 to RM2
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    • 1373 13 VOL Aug 29 RM +/-(‘000) VOL Advance Synerg 0.21 unch 3398 Adventa Bhd 1.05 unch 27 Ae Multi Hldgs 0.23 -0.01 384 Affin Holdings 3.37 -0.03 980 Ahmad Zaki Res 0.72 -0.01 464 Airasia Bhd 2.41 0.01 ***** Alliance Finan Aluminium Co Advance Synerg Amalgamated In unch Amcorp
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  • Page 13 Advertisements
    • 146 13 “Why Do Governments Find Strategy So Difficult?” by Professor Sir Lawrence Freedman Professor of War Studies King’s College London “In his Lecture, Professor Sir Lawrence Freedman, author of the book Strategy: A History (2013), will speak on the difficulties governments face in strategy formation. He will also argue that a
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  • CHINA/INDIA
    • 361 14 Reuters [NEW DELHI] India’s finance minister has predicted faster growth for the country following the release of the best economic growth figures in more than two years. Finance Minister Arun Jaitley said that he expected GDP growth higher than the 5.7
      Reuters  -  361 words
    • 600 14  -  Analysts say Tokyo and New Delhi seek to strengthen ties as China’s influence in Asia rises By in ANTHONY ROWLEY in Tokyo INDIAN Prime Minister Narendra Modi will hold a summit meeting in Tokyo on Monday with Japanese Prime Minister Shinzo Abe
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    • 544 14 It will control tightly the nomination of candidates Reuters [HONG KONG] China’s parliament said on Sunday it will control tightly the nomination of candidates for a landmark election in Hong Kong in 2017, a move likely to trigger mass protests in the city’s
      Reuters; PHOTO: REUTERS  -  544 words
  • Page 14 Advertisements

  • WORLD
    • 904 15 Halting rebound in 2013 reverses as Germany, France, Italy stumble anew NYT [PARIS] Six years after being struck by economic crisis, Europe is facing a fresh downturn, with few new ideas on the table for reigniting growth and deepening political divisions over
      NYT; PHOTO: AFP  -  904 words
    • 789 15 Reuters [IWAKI, Japan] Like many of her neighbours, Satomi Inokoshi worries that her gritty hometown is being spoiled by the newcomers and the money that have rolled into Iwaki since the Fukushima nuclear disaster almost 31/2years ago. “Iwaki is changing and
      Reuters; PHOTO: REUTERS  -  789 words
    • 680 15 Consumer price data shows up deflation threat AFP [FRANKFURT] Financial markets are looking to the European Central Bank (ECB) to open the cash floodgates this week after consumer price data showed the 18-country eurozone is flirting with deflation, analysts said. Speculation is rising that
      AFP  -  680 words
    • 804 16 They are to protect investors from unintended or wrong trades Reuters [NEW YORK] A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 US stock options exchanges have crafted new rules for dealing
      Reuters  -  804 words
    • 563 16 Government would also limit plans for rent caps Reu ters [PARIS] The French government is offering tax breaks to property owners in its second set of measures in three months to reverse a homebuilding slump that is holding back growth in
      Reuters; PHOTO: AFP  -  563 words
    • 483 18 Nearly a third of the ministers are senior military officers AFP [BANGKOK] Thailand’s coup leader and newly appointed Premier Prayuth Chan-ocha on Sunday received royal endorsement for a Cabinet stacked with soldiers, as the military extended its reach into the kingdom’s politics. Nearly a
      AFP; PHOTO: AFP  -  483 words
    • 806 18 IRS unable to catch firms taking advantage of loopholes to avoid paying higher tax rate in US NYT [NEW YORK] A US pharmaceutical company moved its headquarters to Ireland, sharply reducing its tax rate. A billboard company reclassified itself as a real estate concern,
      NYT  -  806 words
    • 486 18 Reuters [STOCKHOLM] A small new fissure eruption in an ice-free area of Iceland’s Bardarbunga volcano system prompted authorities to raise their warning of the risk of ash to aviation to the highest level on Sunday. Iceland’s largest volcanic system, which
      Reuters; PHOTO: AFP  -  486 words
    • 345 18 Rona Fairhead will replace Chris Patten who quit in May AFP [LONDON] Former Financial Times Group chief Rona Fairhead is to become the first woman boss of the governing body of the BBC, which has been rocked by a string of paedophilia scandals,
      AFP  -  345 words
  • Page 15 Advertisements
    • 260 15 As part of ASEAN Power Week 10-12 SEPTEMBER 2014 KLCC, KUALA LUMPUR, MALAYSIA CONNECTING ASIA’S POWER PROFESSIONALS WWW.POWERGENASIA.COM Attracting over 7,500 attendees from more than 70 countries around the world, POWER-GEN Asia and as part of ASEAN Power Week, is the annual meeting places for senior executives and leaders in
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  • Page 16 Advertisements
    • 305 16 MIDAS TOUCH TOASIA2014 LEARN NETWORK* RECOGNITION Midas Touch Asia 2014 CONGRATULATES 'MIDAS' TOUC11 /XASIA2014, EA»N NETWORK RECOGNITION^ iC Hall of Fame Ms. Julia Gillard 27th Prime Minister of Australia and the Australian Labor Party leader from 2010 to 2013 V' M/das Touch Asia Business Club Purpose To CREATE AND BE
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  • FOCUS: EU ELECTIONS
    • 735 17 Italy foreign minister appointed as the head of the union’s diplomatic service AFP [BRUSSELS] European leaders have named Polish Premier Donald Tusk the next European Union (EU) president and Italian Foreign Minister Federica Mogherini to head its diplomatic service as the bloc faces a
      AFP; PHOTO: REUTERS  -  735 words
    • 498 17 Reuters [BRUSSELS] British Prime Minister David Cameron said he was “delighted” with a promise from Polish premier Donald Tusk, newly elected to a top European Union post, to address his demands for reforming the EU to keep Britain in the bloc.
      Reuters  -  498 words
    • 762 17 Appointment marks shifting balance of power in Europe Reuters [WARSAW] The son of a carpenter, Donald Tusk came of political age in the cauldron of Poland’s “Solidarity” movement, which presaged the fall of communism a quarter of a century ago. His appointment as
      Reuters  -  762 words
  • Page 17 Advertisements
    • 108 17 Wine, Dine Hospitality Highlights SINGAPORE GRAND PRIX 19-21 SEP Get in the heat of the Formula One Singapore Grand Pnx and host your event in style at our dedicated suite or private function room. Choose between the Hospitality Suite package at $3,000++ per room per day* or Grandstand package at
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    • 52 17 ich Ask 2014 International Building Technology Expo A P artof SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 j?hicmci ij? Mill 14-16 October 2014 Singapore EXPO Halls 3 4 www.buildtechasia.com 5*T* TT H jwatm-i. r -S v* To Exhibit: Tel:+65 6319 4021 Email: buildtechasia@sph.com.sg To Visit: Pre-register at www.buildtechasia.com SH&PSSBSIPZ sphere Organised by:
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    • 248 17 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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  • Page 18 Advertisements
    • 1037 18 The Business Times NOTICES 1 1 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Suit No. 528 of 2014 Between SG TECHNOLOGIES PTE LTD (Singapore UEN No. *****3826G) Plaintiff And 1. ECRI SINGAPORE PTE LTD (Singapore UEN No. *****9867C) 2. JOSEPH SUK (FIN No. G*****65W) Defendants NOTICE OF ADVERTISEMENT
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  • DINING OUT
    • 847 19  -  A customisable menu sets Match restaurant apart, writesJAIME JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Match 7 Raffles Boulevard Pan Pacific Singapore Tel: 6337-0800 Open for dinner Tues to Sat: 6pm to 1am (Tues); 6pm to 3am (Wed Thurs); 6pm to 4am (Fri Sat). Closed
      PHOTOS:YEN MENG JIIN  -  847 words
  • Page 19 Advertisements
    • 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 $488. With the goodie bag, you can’t get a better deal. Murali Subramaniam, Deputy Editor, The
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  • AVIATION/SHIPPING
    • 829 20 Rise in travel demand part of wave of strong consumer spending in some sectors WP [WASHINGTON] The cost of air travel is soaring while consumers aren’t seeing much growth in their disposable income but that isn’t deterring an estimated 2.65 million
      WP  -  829 words
    • 442 20 WP [HOUSTON] Tighter regulation of US ships carrying record exports of diesel and gasoline is coming amid the worst year for oil spills from barges since 2008. US Coast Guard rules to be issued within the next 90
      WP  -  442 words
    • 620 20 The world’s biggest airport manager is valued at 16b euros [MADRID] The partial privatisation of Spanish airports operator Aena should see its shares list on the stock market in late November with a small tranche reserved for the public a litmus
      PHOTO: BLOOMBERG  -  620 words
    • 241 20 SGX '000 Aug 29 S$ +/-Vol Ch Offshore 0.48 unch 129 Chuan Hup Hldg 0.30 0.01 106 Aug 29 Cwt Limited 1.79 0.01 516 First Ship Lea Ch Offshore Grand Banks Cosco Corp Jaya Hold Ltd 0.06 unch 3530 K1Ventures 0.20 unch 262 Keppel Corp 10.90 -0.06 2507
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    • 237 20 WP [WASHINGTON] A sin-gle-engine plane that was scheduled to land in Manassas crashed on Saturday into the Atlantic Ocean off the Virginia coast, authorities said. The Coast Guard said the pilot, the only person on board, appeared unconscious as the plane flew south-east, at
      WP  -  237 words
  • Page 20 Advertisements
    • 454 20 ONI GLOBAL PTE. LTD. Company Registration No. *****6977R (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 65 Ubi Avenue 1, OSIM Headquarters, Singapore *****9 on Monday, 22 September 2014 at 3.00
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  • Page 20 Miscellaneous
    • 302 20 CRYPTIC CROSSWORD Across 1 A sitter becoming performer (7) 5 Part of the rigging works in the end (7) 9 We must invade hill fort (5) 10 Munitions produced by man and master (9) 11 Rags to riches story recalled in new adaptation (10) 12 Wine from Castile (4) 14
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  • SINGAPORE STOCKS
    • 4367 21 Week ended: Aug 29 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week --AAT Div GrYld Net 14 6.7 AIMS Property 14 +0.3 483 14 14 14 14.3 1.6 50.6 153.1
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    • 652 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 Last Vol 1.9 0.7 t Advanced Systems 0.9 unch 393 0.9 0.8 0.8 0.9 17.5 Last Quote Div Gr
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    • 126 22 Stock name Close Change Ascendas Reit 2.350 CapitaLand 3.320 -0.010 CapitaMall Trust 2.000 -0.010 CityDev 10.030 -0.050 ComfortDelGro 2.510 +0.010 DBS Grp 17.920 -0.040 Genting Sing 1.220 -0.010 Global Logistic 2.850 -0.010 Golden Agri-Res 0.510 -0.010 HPH Trust USD 0.720 +0.010 Stock name Close Change HongkongLand
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    • 1923 22 Transaction date: Aug 29 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 10.42 -0.04 95 Angang Steel 5.23 -0.04 ***** Anhui Conch 28.00 -0.05 5731 Anhuiexpresswa 4.65 0.10 372 Asia Satellite 27.40 0.30 45 Asm Pacific 80.65 -0.30 346 Avic Ihl 0 Avic Int'L Baiyunshan Ph
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    • 263 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 64 50 AVJennings A62cd -2 54 64 62 62 64 3.6 5.6 5 229.5 5 0.7 OGL Resources A$ A1.5 -3.5 102 2.2 1.5 1 1.8 0.2
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 2 0 0 0 5 8 2 Manufacturing 63 76 36 12 17 9 75 93 45 Commerce 26 33 13 9 6 5 35 39 18 Tpt/Stor/Comms 16 24 6
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    • 1157 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.1 -0.4 44 116.5 116 115.8 116.5 530 138 119 CIMB APAC Div 100S$D 135.7 -1.7 17 137.5 135.7 134.2
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 73,884 73,884 270,934 270,934 Manufacturing 1,527,985 363,260 1,891,245 732,171 33,052 765,223 Commerce 636,128 245,923 882,051 359,855 17,132 376,987 Tpt/Stor/Comms 536,323 122,844 659,167 527,865 22,348 550,213 Finance 134,135 1,567 135,702 792,602 386 792,988 Construction 103,259 303,862
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  • Page 22 Advertisements
    • 26 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 661 23 Aug 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.88 *****.81 *****.00 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec14 *****.00 *****.00 *****.00 *****.00 451 ***** MSCI TAIWAN INDEX FUTURES SPOT 344.65 345.24 343.33 Sep14 344.80 345.10 342.40 344.20 ***** *****4 Oct14 342.80
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    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Aug 29 Index Change Change Change Change Change Change World Preliminary 1254.0 0.2 5.9 0.1 4.0 0.2 5.2 EAFE Preliminary 973.4 0.1 1.8 0.0 -0.7 0.1 0.5 Europe Preliminary 1390.0 0.2 2.6
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    • 471 23 Aug 29 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 5.751 0.711 7.254 56.675 109.418 0.972 9.489 2.950 1.115 95.037 40.800 1.168 9.926 0.857 28.012 29.886 0.564 0.936 Canada 0.984 5.660
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    • 37 23 Aug 29 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • 80 23 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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    • 120 23 Aug 29 GOLD(US$/oz) Aug 29 Aug 28 Hong Kong 1285.00 1293.00 Aug 29 Aug 28 London 1287.60 1289.16 1288.25 1289.93 Source: Thomson Reuters CAST BAR Aug 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 309 255 10gm 576 512
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    • 57 23 Aug 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 1977.0 1937.0 1979.0 1922.0 401 3493 Oct 14 1980.0 1929.0 1980.0 1927.0 2921 ***** Nov 14 1980.0 1929.0 1984.0 1926.0 ***** ***** Dec 14 2012.0 1966.0
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    • 155 23 Aug 29 Against S$ 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
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    • 109 23 Aug 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1089.50 1073.75 1095.75 1070.25 Nov 14 1024.25 1028.75 1034.00 1021.00 Jan 15 1032.50 1036.50 1041.00 1029.00 Mar 15 1040.50 1043.75 1048.50 1036.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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    • 95 23 Aug 29 COCOA (£/tonne) Close Prev High Low Sep 14 2057 2075 2097 2054 Dec 14 2017 2034 2061 2013 Mar 15 1984 1998 2020 1981 May 15 1972 1986 2006 1968 COFFEE(US$/tonne) Close Prev High Low Sep 14 2033 2036 2054 2014 Nov 14 2055 2039 2062 2035
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    • 1039 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 -0.3 7 0.3 1 -57 3.87 47 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas REIT MB eCW*****3 2.4 0.2 230 3 Asiatic Grp(Hldgs) Ltd
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    • 70 23 CRUDE OIL PRODUCTS Aug 28 CRUDE (FOB origin) US$/barrel 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
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    • 23 23 Aug 29 S$ S$ Bid Offer 1-month 1.2475 1.2479 2-months 1.2475 1.2479 3-months 1.2475 1.2479 6-months 1.2473 1.2478 Source: OCBC
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    • 67 23 Aug-2 9 Aug-29 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2086.50 2084.25 3 months 2096.50 2081.00 Copper, Grade A(US$/tonne) Cash 7008.50 6962.00 3 months 6982.00 6934.00 Lead(US$/tonne) Cash 2237.25 2242.25 3 months 2241.00 2248.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
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    • 121 23 As at 9am 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
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    • 154 23 Aug 29 $S Offer Bid 0vernight 0.18 0.13 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.18 US$ 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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  • 2154 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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    • 155 27 Fujitsu recommends Windows 8 Pro. FUJITSU The Best Workstation for every Application Fujitsu CELSIUS Highlights CELSIUS Value Propositions Comprehensive portfolio From mobile up to dual processor high-end workstation Engineered in Germany Own system engineering, main board development and production Testing in our own accredited Centre of Test Compliance State-of-the-art technologies
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 418 28 WP [WASHINGTON] Google has been testing a small fleet of drones in the Australian Outback, looking into ways to use the flying robots to deliver goods quickly and virtually untouched by humans, the tech company said. The drones are in development by Google X
      WP; PHOTO: AFP  -  418 words
    • 761 28  -  S’pore-based TrustSphere leads the way into a new field of business intelligence without running afoul of privacy laws, writes AMIT ROY CHOUDHURY writesAMIT writesAMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT WITHIN business analytics, a new and fastgrowing area of specialis a t i o n is
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    • 944 28  -  Companies must move beyond compliance to prevent lapses <you say> By JOHN HO CHI The author is Partner, Advisory Services, at Ernst Young Advisory Pte Ltd THE continuing digital revolution has changed how consumers share information and how organisations communicate, build relationships and gather data
      944 words
    • 567 27  -  Apps, services built without approval often lack regulatory compliance or fail security standards By VICTORIA HO in San Francisco ‘SHADOW IT” is getting harder for companies to ignore, says VMware CEO Pat Gelsinger, following the raft of announcements directly addressing the tools typically used
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    • 619 27  -  By VICTORIA HO in San Francisco MANY corporations in Singapore are currently trying to get their data centres up to speed with the latest soft-ware-defined technologies, said Sanjay Mirchandani, VMware senior vice-president and general manager of Asia-Pacific and Japan. The senior executive with virtualisation
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    • 436 27 Bloomberg [NEW YORK] Alibaba Group Holding Ltd is postponing the start of investor meetings for its initial public offering by about a week to answer questions posed by the US Securities and Exchange Commission (SEC), according to a person with knowledge of the matter.
      Bloomberg; PHOTO: REUTERS  -  436 words
    • 438 27 Bloomberg [HONG KONG] Alibaba Group Holding Ltd has been described as a mixture of Amazon.com Inc and eBay Inc during the preparation for its US initial public offering. In the last quarter, Alibaba earned more than those companies combined. Operating income at China’s biggest
      Bloomberg  -  438 words
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      347 words