The Business Times, 3 September 2014

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Microfilm: NL33242
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 The Business Times S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Wednesday, eptember 3, 2014
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  • Article, Illustration
    Lock icon Singapore PMI contracts for first time this year
    632 1  -  August drop dashes hopes of sustainable recovery in manufacturing By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Contrary to earlier expectations, a sustainable recovery in manufacturing is not underway yet. Dropping below the key 50-point mark for the first time this year, Singapore’s Purchasing
    Source: SIPMM  -  632 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,328.30 (+14.17) GST INDEX FUTURES 3,329.00 (+14.00) GSIMSCI 377.70 (+1.41) GSIMSCI FUTURES 378.40 (+2.30) US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.657 2.074 EURO (US$/S$/€ 1.313 1.643 Foreign currency per US$ S$ YEN 104.90 83.80 RM 3.168 2.530 HK$ 7.750 6.191 BAHT 32.06 25.61 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,867.69 +1.58 NIKKEI 225 15,668.60 +192.00 HANG SENG 24,749.02 -3.07 SET INDEX 1,568.60 +3.25 JAKARTA COMP 5,201.59 +23.97 MANILA COMP 7,106.56 +23.07 SEOUL COMP 2,051.58 -16.28 SHENZHEN B 950.90 +3.83 MUMBAI IND 27,019.39 +151.84 11.00am EDT Change DOW 17,086.15 -12.30 NASDAQ 4,589.22 +8.95
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA 15.148 TAIWAN BRITAIN JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Article
    Lock icon Margins ‘halved’ for new condo launches
    930 1  -  Knight Frank study says profit margins on GLS sites dived to 5-10.3% this year By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Developers’ profit margins for new condominium launches have halved from a year ago, a focused study by Knight Frank suggests. Looking at condominium launches
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      202 1 TRANSPORT HUB Airline fares in M’sia set to dip PAGE 21 COMPANIES SingPost to raise postage rates from Oct 1 SMEs Business group spreads its wings PAGE 2 PAGE 6 EXEC MONEY Global outlook: What’s in store for investors PAGE 30 Deutsche Bank By invitation db.com m ion ■F r
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  • TOP STORIES
    • Article, Illustration
      Lock icon ASME spreads its wings with 2 big projects
      773 2  -  Cloud-based platform is one of the largest ventures undertaken by the association By MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPORE] Forwardlooking even as it stays rooted in traditional values is how Kurt Wee, president of the Association of Small and Medium Enterprises (ASME), describes
      PHOTO: ARTHUR LEE  -  773 words
    • Article, Illustration
      Lock icon Asia investments in global real estate soar 40% in H1: CBRE
      540 2  -  Singapore overtakes China as top source of capital from Asia By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Asian investors have ploughed more capital into global real estate this year, going by transactions valued at US$10 million and above, with Singapore
      Source: CBRE  -  540 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      364 2 Singapore PM I contracts for first time this year CONTRARY to earlier expectations, a sustainable recovery in manufacturing is not underway yet Singapore’s Purchasing Managers’ Index (PMI) dropped below the key 50-point mark for the first time this year. FRONT PAGE Margins halved for new condo launches DEVELOPERS’
      364 words
    • Article
      Lock icon PICTET
      276 2 Plctel-Absl Rtn Fxd Inc-HP EUR 28/06/2014 EUR 105.04 Plclet-Absl Rln Gla Div-P EUR 28/*****14 FUR 117.8? Plctet-Aalan Equities Ex Japan-P USD 25/08/2014 USD 200.62 Plctet-Aslan Local Currency Debt-P USD 29/08/2014 USD 150.70 Piclet-Biolech-P USD 28/*****14 USD 819.92 Pictet-Clean Energy-P USD 76/06/2014 USD 69,76 Pictet-Digital Comrnunication-P USD 28/08/2014 USD 217.34
      276 words
    • Article, Illustration
      Lock icon PM Lee opens S$950m Jurong Rock Caverns
      832 4  -  Project underscores determination to keep petrochem as a key sector By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] The Republic is determined to develop the petrochemical industry here despite its land constraints and the potential impact of a United Nations agreement on carbon emissions that
      BT Graphics Source: JTC  -  832 words
    • Article, Illustration
      Lock icon Japan pact unmasks Modi’s growth ploy
      419 4  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE Reuters [SINGAPORE] Indian Prime Minister Narendra Modi completed his first 100 days in office in style: by inking a US$34 billion investment agreement with his Japanese counterpart and Twitter buddy Shinzo Abe. But the pact also offers clues about
      Reuters; PHOTO: AFP  -  419 words
    • Article
      Lock icon Credit Suisse fails in bid to dismiss suit by S’pore wealth client
      297 4 Bloomberg [SINGAPORE] Credit Suisse Group AG has lost a bid to dismiss a lawsuit by a former private wealth client who is accusing the bank’s Singapore unit of failing to explain the risks of a complex investment product.
      Bloomberg  -  297 words
    • Article
      Lock icon Wage growth raises hopes for Japan economy
      501 4  -  By in ANTHONY ROWLEY in Tokyo OFFICIAL data published on Tuesday showing that monthly pay, including bonuses in Japan rose in July by 2.6 per cent from their level a year earlier, may ease pressure on the Bank of Japan to ease monetary
      501 words
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      217 2 Why pay £1,500 to £2,000 PSF? When you can buy Brand New Apartments below £900psf in Prime London Zone 1 2!!! (near train stations) Below Market Value (18% savings from developer price) Up to 80% Financing t( 1yr Rental Yield 5% p.a Low Potential ROE of 52% p.a. Positive Cash
      217 words
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      14 2 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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      13 2 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
      13 words
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  • Page 3 Advertisements
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      188 3 \X 3 L *f ,1*9 :1 /*i */•/**’*>«/*'*♦ *i/fW7A/L\ 1 *•> r .<*• -f H J/ TAru. 60 T/,c 65 a *****11 \U III W' III 500 I w' 1/ 1 1 'MA> wm// s\ N 70 400 350 O OMEGA W/JS GO 12 3 3 240 2D N n=
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      Lock icon Page 5 Advertisements Column 1
      206 5 J* fiU HOTIL Ci SPA I in i ijr I i \i i M| I i 7 *vA f HOTELS WITHIN A HOTEL Marking A New Era in Farrer Park's Evolving Landscape URBAN HOTEL LOFT APARTMENTS SKYLINE HOTEL SKY VILLAS In the heart of Singapore, a new lifestyle experience excites
      206 words
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  • COMPANY NEWS
    • Article
      Lock icon First hike in postal rates in eight years on Oct 1
      491 6  -  SingPost to spend S$100m to improve infrastructure ops and to increase staff By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT POSTAGE rates will go up from Oct 1, creating additional revenue for Singapore Post (SingPost) as the national postal service provider grapples
      491 words
    • Article
      Lock icon STATS ChipPAC shares take a hard knock
      205 6  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT SHARES of STATS ChipPAC were dealt a heavy blow on Tuesday following announcements that quashed market hopes that the chip-testing and assembly player could be close to an acquisition deal. The stock, which was among the day’s top
      205 words
    • Article
      Lock icon Rotary Engg wins deals worth S$80m
      359 6  -  These include its first LNG contract, signed with IHI Corp By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT MAINBOARD-listed Rotary Engineering said on Tuesday it had won several contracts worth a total value of about S$80 million, including one that gave it a foothold in the LNG
      359 words
    • Article
      Lock icon Avi-Tech Electronics placed on SGX watch-list
      293 6  -  By CHAN YI WEN yiwenc@sph.com.sg AVI-TECH Electronics has been added to the watch-list of Singapore Exchange (SGX) after it posted losses for the past three consecutive years. With effect from Wednesday, the semiconductor solutions provider has two years to apply for removal from the
      293 words
    • Article
      Lock icon Mixed bag of results for fiscal year ended June
      1040 7  -  Macro headwinds posed big challenges to businesses By ANITA GABRIEL By anitag@sph.com.sg @AnitaGabrielBT CORPORATE Singapore was not quite a picture of plump profits, rosy topline and sunny outlook for firms with a June year-end. In fact, it was anything but no
      1,040 words
    • Article
      Lock icon LionGold, Blumont clarify reports
      342 7  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT GOLD miner LionGold Corp and Blumont Group have issued clarifications in relation to a story carried by The Edge Singapore and The Edge Malaysia this week on the penny stock crash which took place last October. LionGold’s stocks, along with Blumont’s,
      342 words
    • COMPANY BRIEFS
    • Article, Illustration
      Lock icon New capitalism is the new normal, says SID chairman
      989 9  -  The drive is for a more altruistic capitalism that meets the needs of all stakeholders. MICHELLE QUAH reports QUAHreports MICHELLE QUAHreports michquah@sph.com.sg @MichelleQuahBT BUSINESSES and their boards will have to get used to a new normal, says Singapore Institute of Directors
      FILE PHOTO  -  989 words
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      229 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
      229 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      104 7 I ••••••••••I J# [jISUNGAPORE MEDIATION LECTURE 2014 The Mediation Imperative: Why Successful Companies Embrace Mediation Speaker Mr Brackett B Denniston III Senior Vice President General Counsel, General Electric Company Friday, 26 September 2014 5.30pm to 6.30pm (Registration starts at 5.00pm) Venue Singapore Management University Mochtar Riady Auditorium, Administration Building Level
      104 words
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      180 7 FCPSA BUILDING f SIX BATTERY RD SUNTEC TOWER 3 THE METROPOLIS SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across the globe per
      180 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Mixed session despite STI’s bounce
      598 8  -  Market gainers and losers are nearly even at 222 to 220, volume weak at 1.6b units worth S$892m STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent GAINS in the banks, SingTel and some Jardine stocks helped the Straits Times Index bounce 1 4 .1 7 p
      Source: Bloomberg  -  598 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 2 VALUE CLOSE BT OB/OS -181.00 -61.00 BT CADI -*****.00 +4.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 779.59 +0.47 FTSE ST Small Cap 551.45 -0.40 FTSE ST All Share 809.47 +2.69 FTSE ST China Top 198.69 +0.58 FTSE ST China 229.54 +0.39 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 0 0 0 5 5 5 Manufacturing 50 40 41 13 8 8 63 48 49 Commerce 21 22 22 4 6 5 25 28 27 Tpt/Stor/Comms 15 15 11
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      984 8  -  Compiled by KENNETH LIM OSIM International Sept 2 close: S$2.69 MAYBANK KIM ENG RESEARCH, Sept 2 OSIM may not have a specific target for acquisitions yet using the proceeds from its recently issued S$170 million convertible bonds (CBs) due 2019, but it is very clear on the kind
      984 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,373 10,373 45,217 45,217 Manufacturing 283,353 44,081 327,434 147,814 4,582 152,396 Commerce 266,052 46,578 312,630 55,733 3,864 59,598 Tpt/Stor/Comms 100,426 15,292 115,718 117,267 2,976 120,243 Finance 21,147 680 21,827 162,567 139 162,707 Construction 50,752 106,667
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      133 8 Stock name Close Change Ascendas Reit 3-340 40.010 CapilaLand >.i20 +0040 CapilaMall Tfurt 1.990 -0.010 City Dev *970 *0 070 ComlorCDelQio 2.S90 ♦0 080 DBS Grp 7 930 O.OJO Gentlmj SImj 15*5 •0020 Global Logistic i m 0.010 Golden Aqfl-Res C.S10 HPH TTWSt USD -0 005
      133 words
    • Article, Illustration
      Lock icon US dollar, euro surge against yen in Asia
      525 8 CURRENCIES AFP [TOKYO] The US dollar and euro rallied against the yen in Asia on Tuesday as Japanese central bank policymakers prepared to meet, under pressure to launch more economic stimulus as the economy falters. In afternoon Tokyo trade the US dollar
      AFP; PHOTO: BLOOMBERG  -  525 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME Digiland Intl 189,927,000 Singapore eDev 88,023,000 STATS ChipPAC 62,398,000 IHC 42,435,000 Advance SCT 40,010,000 MDR 37,239,000 Mirach Energy 36,776,000 Artivision Tech 32,884,000 APAC Strategic 32,392,000 Weiye 31,907,000 VALUE($) OCBC Bank 88,373,730 SingTel 41,476,150 STATS ChipPAC 38,563,810 DBS Grp 35,805,070 CapitaLand 30,974,330 UOB 25,570,040 Noble 24,346,905 YZJ
      60 words
    • Article
      Lock icon RISES
      119 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 179.0 1.1 SPDRS S&P 500 10US$ ***** 87.6 0.3 DBXT E50 10US$ 5254 66.3 1.0 JMH 400 USD 6055 65.1 0.9 DBXT AUD Bonds 5AU$ ***** 60.6 0.3 DBXT MSJAP 10US$ 4714 57.6 1.0 JSH 500 USD 3675 52.6 1.2 DBXT
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    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -166.5 -1.1 DBXT AUDCS 5US$ ***** -142.7 -0.6 DBXT MSKorea 10US$ 6502 -118.9 -1.4 DBXT iBoxxKR 5US$ ***** -115.2 -0.6 Lyxor AsiaIT 10US$ 3867 -86.4 -1.8 DBXT USDIGInfl 5US$ ***** -73.9 -0.2 DBXT AUDCS 5SG$ ***** -59.0 -0.2 Lyxor ThaiSET 10US$ *****
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 8 DAILY
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      641 9 370/370A TAN JONG KATONG ROAD ./a^ ss (i Contact: Investment Properties Sammi Lim (9368 9803) (CEA Reg No.: R*****9J) 6 Battery Road #32-01 Singapore *****9 2-Storey Conservation Shophouse with Potential For Development Freehold and Plot Ratio 3 Site Area: Approx. 1,484 sq ft Gross Floor Area: Approx. 2,478 sq ft
      641 words
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      177 9 MEDICAL FAIR ASIA 2014 10 th International Exhibition on Hospital, Diagnostic, Pharmaceutical, Medical Rehabilitation Equipment Supplies MEDICAL FAIR ASIA 9-11 Sept 2014 Suntec Singapore Levels 3 4 r A A s < 1 DISCOVER A WORLD OF MEDICAL INNOVATIONS FROM.. 800 leading companies from around the world 15 National Group
      177 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Sales of Highline seen starting on September 13
      621 10  -  Market watchers put net average price at around S$1,800-1,900 psf By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT KEPPEL Land is expected to begin sales of its Highline Residences condo, diagonally opposite Tiong Bahru MRT Station and Tiong Bahru Plaza mall, on Sept 13. Market
      621 words
    • Article
      Lock icon SingTel launches contest to find next killer app for consumers
      411 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SINGTEL, the country’s largest telco, is making a big play of riding the digital wave and embracing new mobile technologies, hav- ing just launched the SingTel Accelerator Challenge last week. A startup competition supported by
      411 words
    • Article
      Lock icon Summit on Asean insurance markets’ integration
      301 10  -  By CAI YONG caiyong@sph.com.sg INSURANCE industry leaders and regulators will explore possibilities for greater integration of regional insurance markets during the upcoming Asean Insurance Summit. To be held on Oct 1, the event is organised by the Asean Insurance Council (AIC), a coalition of
      301 words
    • Article, Illustration
      Lock icon Tanjong Katong conservation shophouse valued at S$5m up for sale
      287 10 A TWO-STOREY conservation shophouse along Tanjong Katong Road has been put up for sale through expression of interest. The latest valuation conducted this year puts the property’s worth at S$5 million, which works out to S$2,017 per square foot for
      287 words
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      182 10 The Business Times Get the big picture anytime, anywhere Subscribe to The Business Times All-in-One PLUS and receive the Dell Mobile Projector M115HD worth S$1,000. mKm 44.99 /month TT^O GET THE BIG PICTURE Subscribe to The Business Times now at www.sphsubscription.com.sg/btsept2014 Terms Conditions Eligible for: New subscribers: Subscribers who do
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon ChildAid Asia unearths raw gems in region
      591 11  -  Teenager who set World’s Fastest Violinist record among performers By PAULINE NG in Kuala Lumpur THAT they were truly talented was undeniable. That they played with a maturity and composure beyond their teenage years impressed, as did their pleasure in performing before an
      591 words
    • Article
      Lock icon Banking sector marks sixth straight month of slowdown
      433 11  -  By S JAYASANKARAN in Kuala Lumpur INVESTOR interest in the banking sector, once the darling of analysts, appears to be cooling, with loan and deposit growth rates tapering off in the wake of measures taken by the government to cool the property
      433 words
    • Article
      Lock icon Indonesia’s sales of rupiah sukuk rebound
      366 11 Bloomberg [JAKARTA] Strong demand from Islamic banks helped Indonesia sell the most sovereign rupiah sukuk in more than a year last week, suggesting lenders have enough cash to drive a recovery from the slowest industry growth in a decade. The government sold 2.87 trillion
      Bloomberg  -  366 words
    • Article
      Lock icon Jakarta plans record US$, euro, yen bonds
      413 11 Bloomberg [JAKARTA] Indonesia plans to sell sovereign bonds denominated in dollars, euros and yen in 2015 to meet a gross issuance target 13 per cent higher than this year. The debt sales goal in next year’s draft budget will be 459 trillion rupiah
      Bloomberg  -  413 words
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      1751 11 The Business Times Ik I 1 I f I 1 Toll free 1800-289-8822 I I I Email noticesiSsph.com.sg I w I I i j www.sphclass.com.sg/notices IN THE MATTER OF The Companies Act, Cap 50 AND IN THE MATTER OF JARDINE ROTHSCHILD ASIA CAPITAL (SINGAPORE) PTE LTD (In Members’ Voluntary Liquidation)
      1,751 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Support for Occupy Central waning
      780 12 China’s unyielding stance deterring HK protesters, says prodemocracy group Bloomberg [HONG KONG] A leader of the pro-democracy group that threatened to occupy Hong Kong’s financial district said its strategy to win concessions from China on election reform had failed and that support for the sit-in
      Bloomberg; PHOTO: REUTERS  -  780 words
    • Article, Illustration
      Lock icon India’s current-account deficit hits one-year high
      377 12 Widening follows easing of curbs on gold imports Bloomberg [NEW DELHI] India’s cur-rent-account deficit widened to a one-year high after policy makers eased some restrictions on gold imports, while staying below the level the central bank considers sustainable. The April-June shortfall in the broadest
      Bloomberg; PHOTO: BLOOMBERG  -  377 words
    • Article
      Lock icon HK paper drops column by political activist
      345 12 Reuters [HONG KONG] A well-re-spected Hong Kong newspaper has axed a weekly column by a political activist and hedge fund manager as the Asian financial centre braces for a wave of protests against China’s decision to rule out full democracy. Columnist Edward Chin
      Reuters  -  345 words
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      1 12 fb.com/Ladies.Expo
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      50 12 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg T 1 TOWARDS >? A*'-' A SUSTAINABLE BUILT ENVIRONMENT jpn mm 77- > --V To Exhibit: Tel:+65 6319 4021 Email: fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg Organised by: Co-located with: sphere |i||FACILITIES MANAGEMENT CONFERENCE
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      99 12 www.omy.sg UfaWttJfMXft i k I ft •4 xivmmmz *v 29 B i^'IW: blog.omy.sg/vox ‘*‘k 'l'' »Tv' u‘ P. Wine, Dine Hospitality Highlights inlsi CELEBRATE MID-AUTUMN WITH GOLDEN PEONY Celebrate Mid-Autumn Festival with Conrad Centennial Singapore's exquisite mooncake creations. Introducing new delectable flavours in our mini snow skin collection, Pandan with
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Foreign firms targeted in China, says American Chamber
      593 13 It alleges Chinese officials enforcing rules selectively and subjectively Bloomberg [BEIJING] China is targeting foreign companies with opaque laws and rules, according to a group representing US businesses there, contributing to a deteriorating environment for investment in the nation. American Chamber of
      Bloomberg; PHOTO: REUTERS  -  593 words
    • Article
      Lock icon Rumours about forced JVs unfounded: trade body
      291 13 Reuters [SHANGHAI] The European trade body in China said Beijing is not planning to force foreign auto parts suppliers operating in the country to form local joint ventures, dismissing a report last week that had stirred concern among European firms. Germany’s Stuttgarter Zeitung
      Reuters  -  291 words
    • Article
      Lock icon China probes not protectionist, says regulator
      251 13 Reuters [SHANGHAI] China’s latest antitrust probes, which have hit firms such as Microsoft and Volkswagen AG, are not protectionist tools that favour domestic firms, an official of the country’s price regulator told the official China Daily. Xu Kunlin, director general of price supervision and
      Reuters  -  251 words
    • Article
      Lock icon India proposes cancelling 172 coal mine permits
      537 13 Plan will allow 46 operational mines to keep working Bloomberg [NEW DELHI] India proposed cancelling 172 unused permits to mine coal, while allowing 46 operational mines to keep working to address a Supreme Court ruling that struck down all coal-mine allocations made since
      Bloomberg  -  537 words
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      341 13 m m. S' jS'S'Kv. i < ;v T7<c V 'm^mm dfi%, *W l*i '-I ■i pprm V. v tK:'- y r THE ARTOFOMI In the month of September, 10 at Claymore presents the Omi Wagyu Beef from Shiga prefecture, Japan delicately prepared, carved and seared to perfection. Complement this meaty
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  • WORLD
    • Article
      Lock icon Ukraine crisis forces Nato back to basics
      541 14 AFP [BRUSSELS] The Ukraine crisis is forcing the North Atlantic Treaty Organization (Nato) back to the basics of collective defence in Europe as Russia seeks to restore influence in its Sovi-et-era backyard, analysts and officials said. Nato leaders meeting on Thursday and Friday
      AFP  -  541 words
    • Article
      Lock icon Draghi’s ABS revival bid depends on how regulators define ‘simple’
      960 14 EU, others working on 19 measures that may affect demand for securitised debt Bloomb erg [FRANKFURT] The European Central Bank (ECB) is gearing up to buy “simple, transparent and real” asset-backed debt. The success of its bid to breathe life
      Bloomberg  -  960 words
    • Article, Illustration
      Lock icon FBI and Apple probing nude pix hacking
      696 14 Bloomberg [SAN FRANCISCO] Apple Inc, which is poised to unveil new iPhones next week, and the FBI are probing reports that hackers used the company’s iCloud service to illegally access nude photos of actress Jennifer Lawrence and other celebrities. Hackers posted the nude
      Bloomberg  -  696 words
    • Article
      Lock icon Mizuho to encourage analysts to switch jobs
      427 14 Bloomberg [TOKYO] Mizuho Financial Group Inc plans to encourage equity research analysts to become investment bankers as Japan’s third-largest banking group competes for business arranging share sales and advising on mergers. Mizuho Securities Co will offer its analysts the opportunity to switch jobs
      Bloomberg  -  427 words
    • Article
      Lock icon Global pressure on US to loosen oil exports ban
      786 15 South Korea latest to urge Washington to open the taps in the context of FTAs Reuters [WASHINGTON] Washington is facing growing international pressure to ease its long standing ban on crude oil exports, with South Korea and Mexico joining the European
      Reuters  -  786 words
    • Article, Illustration
      Lock icon ‘Ebola-denial’ makes health workers’ job more difficult
      738 15 There’re wild rumours the virus was invented by the West or is a hoax: social anthropologist AFP [DAKAR] It has been one of the more bizarre features of a deadly epidemic: a vocal minority in West African society denying that Ebola exists even
      AFP; PHOTOS: AFP  -  738 words
    • Article
      Lock icon Japanese researchers develop 30-minute Ebola test
      332 15 AFP [TOKYO] Japanese researchers said on Tuesday they had developed a new method to detect the presence of the Ebola virus in 30 minutes, with technology that could allow doctors to quickly diagnose infection. Professor Jiro Yasuda and his team at Nagasaki University say
      AFP  -  332 words
    • Article, Illustration
      Lock icon Australia’s trade a drag on growth, housing offers hope
      614 16 Govt spending stays subdued in Q2 amid much talk of fiscal belt-tightening Reuters [SYDNEY] Australia’s current account deficit widened sharply in the three months to June as export growth stalled and imports rebounded, a swing that was set to be the
      Reuters; PHOTO:REUTERS  -  614 words
    • Article, Illustration
      Lock icon Scottish independence: ‘No’ campaign losing support
      508 16 Bloomberg [LONDON] Support for Scottish independence rose before this month’s referendum, with a YouGov plc poll showing the lead for the “No” campaign down to six percentage points as nationalists said the momentum is behind them. Little more than two weeks before the Sept
      Bloomberg; PHOTO: AFP  -  508 words
    • Article, Illustration
      Lock icon Seoul tells firms to hire more women or face shaming
      774 16 Deflation threat looms if workforce is not enlarged Bloomberg [SEOUL] South Korea’s first female president, Park Geun Hye, has named and shamed companies including Hyundai Motor for not having enough part-time jobs for women, while praising Starbucks Corp, Samsung Electronics
      Bloomberg  -  774 words
    • Article
      Lock icon US investors hedging against inflation
      846 16 They are turning to Treasury Inflation Protected Securities Reuters [NEW YORK] US investors are back in the hunt for inflation protection for the first time in two years as rising housing costs particularly for rent suggest inflation may finally be waking from its post-recession slumber.
      Reuters  -  846 words
    • Article
      Lock icon August manufacturing growth hits 3-year high
      653 17 ISM index exceeds economists’ expectations at 59, against 57.1 in July LATEST US DATA Bloomberg [WASHINGTON] Manufacturing expanded in August at the fastest pace in three years as orders grew by the most in a decade, showing that US factories will help power the
      Bloomberg  -  653 words
    • Article
      Lock icon US inflation bonds back in vogue as housing costs rise
      1015 17 Reuters [NEW YORK] US investors are back in the hunt for inflation protection for the first time in two years as rising housing costs particularly for rent suggest inflation may finally be waking from its post-reces-sion slumber. That’s helping to
      Reuters  -  1,015 words
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      Lock icon Australian Senate votes to abolish mining tax
      461 17 Reuters [SYDNEY] Australia’s upper house Senate voted on Tuesday to scrap a tax on mining industry super profits, a major victory for conservative Prime Minister Tony Abbott that has fuelled accusations that he is in the pocket of global mining giants. Mr Abbott
      Reuters  -  461 words
    • Article, Illustration
      Lock icon UK polls, rate hike may converge in May
      798 17 Approach of vote will be key factor in BOE’s decision Reuters [LONDON] Britain’s politicians and central bankers are watching one another even more closely than usual as the timing of a national election and a head-line-making interest rate rise look set to
      Reuters; PHOTO: AFP  -  798 words
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      26 14 OUT NOW IN BOOKSTORES* KINOKUNIYA TIMES MPH POPULAR ON APP STORE http://goo.gl/84yPpx ON GOOGLE PLAY http://goo.gl/qXrZMV THE PEAKSELECTIONS GOURMET TRAVEL DIGITAL IS AVAILABLE ON MOBILE DEVICES
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      1218 15 The Business Times Ik IT I 1 Toll free 1800-289-8822 I I Email noticescasph.com.sg I V i B j j www.sphclass.com.sg/notices METROYEAR FINANCE LIMITED (the “Company”) BC No. *****8 (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act 2004, as amended, that
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      28 17 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • EDITORIAL & OPINION
    • Article
      Lock icon Eurozone needs more monetary easing
      513 18 EDITORIAL WHILE the US economic recovery is gaining traction and Japan has at least beaten deflation and looks set for positive growth, Europe has emerged as the weakest major link in the global economy. Economic recovery there has stalled and even the largest economy on
      513 words
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      Lock icon Beijing tightens the screws on Hong Kong
      781 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AS expected, the Chinese government on Sunday adopted a tough stance on Hong Kong, with the National People’s Congress Standing Committee (NPCSC) issuing a
      781 words
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      Lock icon Social security system in S’pore: Bridging the divide
      1142 18  -  Constructive dialogue will foster better appreciation of the Central Provident Fund By NEIL NARALE The writer is Asean Business Leader at Mercer Retirement Consulting MUCH is being said about the Central Provident Fund (CPF) and the larger issue of social security in
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      Lock icon German foreign policy is unchanged
      977 19  -  Our efforts in conflict resolution is only effective if we act in collaboration with others BY FRANK-WALTER STEINMEIER The writer is Foreign Minister of Germany THE “Islamic State” terror organisation is advancing with monstrous brutality, persecuting and killing anyone who stands in its way. In
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      Lock icon The Lesser Depression
      816 19  -  J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research Project Syndicate FIRST it was the 2007 financial crisis. Then it
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    • Article
      Lock icon Make FTAs broader and more accessible
      659 19  -  By KELVIN TAN The writer is managing director and Head of Commercial Banking, HSBC Singapore. This article is based on an HSBC sponsored survey of senior executives from 800 companies in Australia, China, Hong Kong, India, Indonesia, Malaysia, Singapore and Vietnam THE network of
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  • Transport HUB
    • Article
      Lock icon Australia to scrap dumping plan: report
      500 20 Green groups fight sand dumping near Great Barrier Reef Reuters [SYDNEY] Australia will abandon plans to dump three million cubic metres of dredged sand into the Great Barrier Reef area in its effort to create the world’s biggest coal port, the Australian Financial Review
      Reuters  -  500 words
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      Lock icon At the top of the world
      812 20  -  but as Singapore’s port tops another survey, some circumspection might be in order STRAIT TALK By DAVID HUGHES IT is always a good idea to be a bit sceptical about reports that make partly subjective judgements on big issues especially when they are flattering.
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    • Article
      Lock icon TRANSPORT STOCKS
      236 20 SGX '000 Sep 02 S$ +/-Vol Ch Offshore 0.48 -0.01 90 Chuan Hup Hldg 0.30 unch 300 Sep 02 Cwt Limited...............1.81 unch 773 First Ship Lea 0.11 0.01 163 Grand Banks unch unch 0 Jaya Hold Ltd ,048 K1Ventures................0.20 unch 320 Keppel Corp 10.91 0.03 2086 Mercator Lines
      236 words
    • Article
      Lock icon Los Angeles Harbor selling most bonds in 5 years
      447 20 Bloomberg [CHICAGO] The Los Angeles Harbor Department, which runs the busiest container port in the US, is selling about US$340 million of debt, the most since 2009, after the risk of a crippling strike was reduced by a tentative agreement on
      Bloomberg  -  447 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Airline fares in Malaysia to dip on overcapacity
        552 21  -  Khazanah outlines challenges facing MAS and its proposed revamp By PAULINE NG in Kuala Lumpur AIRLINE fares in Malaysia are expected to decline by 8 per cent over the next five years as aggressive fleet and network expansions outpace travel demand. Airlines
        552 words
      • Article
        Lock icon Travellers suffer power outlet drought at US airports
        741 21 Bloomberg [DALLAS] Camped out on the floor at a Southwest Airlines gate at Baltimore’s airport, Jacque Biscotti clings to the most precious piece of real estate she can find: space to plug into a wall outlet. “I’m loading up on games like
        Bloomberg  -  741 words
      • Article
        Lock icon UK rejects ‘Boris Island’ airport plan
        301 21 Reuters [LONDON] A plan to build a major new airport to the east of London was rejected by a government-appointed commission on Tuesday, dealing a blow to its high-profile backer, the city’s mayor Boris Johnson. The Airports Commission said that the idea of building
        Reuters  -  301 words
      • Article, Illustration
        Lock icon Emirates not interested in Qantas investment
        906 21 Move doesn’t fit with airline’s strategy, says CCO Reuters Bloomberg [FRANKFURT] Airline Emirates is not interested in investing in the international operations of Qantas, the Dubai-based carrier’s chief commercial officer (CCO) said on Monday. In the biggest restructuring step since Qantas was privatised two
        Reuters; Bloomberg; PHOTO: REUTERS  -  906 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Booming electric car sales under fire in Norway
        638 22 Adjustments to ease congested areas likely, especially during rush hour AFP [OSLO] Ministers in Norway –a major and rich oil-pro-ducing country are under increasing public pressure to reduce perks and tax breaks for booming electric car sales. “It’s become a problem,” said
        AFP; PHOTO: AFP  -  638 words
      • Article
        Lock icon Usain Bolt to promote Nissan coupe in China
        336 22 Reuters [BEIJING] Nissan Motor Co is tapping Usain Bolt’s super-star status to help elevate the image of its 1.58 million yuan (S$320,000) flagship GT-R two-door sports coupe in China, according to a senior company executive. The Jamaican sprinter who set the world
        Reuters  -  336 words
      • Article
        Lock icon Tax rise bites; Japan car sales at 3-year low
        416 22 Drop comes amid weakness in consumer spending Bloomberg [TOKYO] Japan’s car sales tumbled to a three-year low last month, the latest sign that consumer spending is slumping in the world’s third-largest economy following a sales-tax increase. Vehicle deliveries fell 9.1 per
        Bloomberg  -  416 words
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      89 20 /2nd An^al Vjjjjf 10-12 November 2014 Suntec Singapore Convention Exhibition Centre www.patientcareasia.com PabienbCare Asia 2014 Event Highlights Network with 250+ healthcare leaders and practitioners Learn from 10 case studies from top hospitals across Asia Opening keynote by Randall Carter, Senior Vice President of Planetree, United States Special rates* for healthcare
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      9 20 \2a LAI WEEKDAYS 2PM 4PM D facebook.com/kiss92fm S>akiss92fm www.kiss92.sg
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      332 21 CRYPTIC CROSSWORD Across 1 Country, for example, bordered by roads from the east (7) 5 Deer from estate, say one about to lose protection (7) 9 Disturb game bird, blowing head off! (5) 10 Single admirer spoilt by a Parisian (9) 11 Where ministers face magistrates? (5,5) 12 Vehicle carrying
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  • Article
    Lock icon SHIPPING TIMES
    2144 23 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 23 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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      88 24 Shipping lines seeking reliable Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 Highlight^Yqur Company! AnniversacS Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Projection Completion and Vessel Conversion Refurbishment.
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4114 25 Transaction date: Sep 2 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 13 10.4 8Telecom Vol AAT Last Quote Div Gr Yld 15 11.2 AEI M Cap High 14.2 6.7 AIMS Property
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      Lock icon SGX CATALIST
      465 26 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 M Cap 43.5 28 t Alliance Mineral 33.5 +1 4003 34
      465 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10403 26 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 1.0114/ 3.0144/ European Opportunities 1 1.3274/ Malaysian Equity USD!** Pacific Equity USD!** S'pore Equity USD!** Thailand Equity USD!** S'pore Equity Cl
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      Lock icon GLOBALQUOTE
      249 26 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 A63.5cd +1.5 3 63.5 63.5 63.5 64.5 3.6 5.5 5.2 235.1 Company 343 250 TanChongInt HK311cd +1 501 311 310 310 315 9.7 3.4
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    • Article
      Lock icon SGX ETF
      1113 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.1 -0.2 31 118 116.1 116 117 530 138 119 CIMB APAC Div 100S$D 136.8 +0.7 0 136.8 136.8 135.1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 27 Sep 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.94 *****.36 *****.50 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec14 *****.00 *****.00 *****.00 *****.00 512 ***** MSCI TAIWAN INDEX FUTURES SPOT 346.98 346.98 342.23 Sep14 347.50 348.10 341.20 342.40 ***** *****7 Oct14 348.00
      658 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      376 27 in local cure mss In tttf H, ay %tjy Ii yr v» Sep 1 •w. Change Change Change ChangeChange Change WoHfl IViiMuwav tflW Hi ftU HI 4 1 00 mu Pmmw •mi yti 1 o:o 1.(104*) J PVIIIIII OIY mtm I v Hi \1.4 VJL'
      376 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Sep 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.013 5.716 0.709 7.210 56.317 109.039 0.975 9.466 2.947 1.114 95.072 40.522 1.164 9.953 0.856 27.831 29.824 0.561 0.930 Canada 0.987 5.642
      471 words
    • Article
      Lock icon SIBOR
      37 27 Sep 2 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 27 Sep 2 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-16 106.44 106.47 106.47 5-Year NX*****W 2.5 01-Jun-19 105.35 105.53 105.46 10-Year NY*****H 3.000 01-Sep-24
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    • Article
      Lock icon PRECIOUS METALS
      120 27 Sep 02 GOLD(US$/oz) Sep 02 Sep 01 Hong Kong 1281.00 1291.00 Sep 01 Aug 29 London 1287.06 1287.60 1287.52 1288.25 Source: Thomson Reuters CAST BAR Sep 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 309 254 10gm 575 511
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    • Article
      Lock icon PALM OIL
      57 27 Sep 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 1930.0 1937.0 1964.0 1930.0 115 2753 Oct 14 1923.0 1929.0 1962.0 1914.0 3461 ***** Nov 14 1920.0 1929.0 1963.0 1914.0 ***** ***** Dec 14 1953.0 1966.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Sep 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1641 1.1649 0.9300 0.9305 Canadian dollar 1.1490 1.1496 0.9183 0.9179 Euro 1.6430 1.6436 1.3126 1.3129 NZ dollar 1.0452 1.0455 0.8350 0.8351 Sterling pound 2.0738 2.0745 1.6568 1.6571
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 27 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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    • Article
      Lock icon LIFFE
      95 27 Sep 1 COCOA (£/tonne) Close Prev High Low Sep 14 2031 2057 2067 2029 Dec 14 2009 2017 2030 1997 Mar 15 1980 1984 1998 1967 May 15 1969 1972 1985 1956 COFFEE(US$/tonne) Close Prev High Low Sep 14 2059 2033 2063 2042 Nov 14 2081 2055 2082 2054
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      958 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -56 3.80 46 Asia-Pacific Strategic W*****6 3.5 unch 3273 1 2 56 Ratio Exer Ascendas REIT MB eCW*****3 2.4 0.2 230 2 Asiatic Grp(Hldgs) Ltd
      958 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Sep 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.42 -0.06 WTI (Near Mth) 95.86 0.03 Dubai (1-Mth F) 101.60 0.38 Tapis blend 104.63 0.32 Minas 99.63 0.32 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.19 0.13 Jet Kerosene 116.09 -0.08 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Sep 2 S$ Bid Offer 1-month 1.2517 1.2519 2-months 1.2517 1.2519 3-months 1.2517 1.2519 6-months 1.2516 1.2518 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Sep-01 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2080.75 2086.50 3 months 2095.00 2096.50 Copper, Grade A(US$/tonne) Cash 6968.00 7008.50 3 months 6942.00 6982.00 Lead(US$/tonne) Cash 2228.25 2237.25 3 months 2233.00 2241.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Sep 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.172 1.127 Euro 1.680 1.600 Sterling pound 2.115 2.034 NZ dollar 1.072 1.031 US dollar 1.274 1.214 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Sep 2 $S Offer Bid 0vernight 0.04 0.01 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.18 US$ 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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  • executive Money
    • Article, Illustration
      Lock icon Asia stands out as alternative safe haven
      939 28  -  Asian currencies favoured as 7 out of the region’s 10 largest economies post current account surpluses By LILIAN KARUNUNGAN Bloomberg THE faltering emerging-market currency rally is stronger than ever in Asia. Of the nine developing-nation exchange rates to strengthen in August, six were
      Bloomberg; PHOTO: BLOOMBERG  -  939 words
    • Article, Illustration
      Lock icon Rare 1962 Ferrari sold for record US$38.1m
      1432 29  -  Record prices for classic cars are prompting some to ask if they are the next great asset class ‘It’s a pretty good value proposition. You can buy a 1970 Mercedes 280SL for US$60-$80,000, drive it a few years, and it will still be
      NYT; PHOTOS: NYT  -  1,432 words
    • Article, Illustration
      Lock icon Global outlook: What’s in store for investors
      1331 30  -  While global growth has yet to gain momentum, being at the sweet spot of the cycle bodes well for growth assets SHANE OLIVER The writer is head of Investment Strategy and chief economist at AMP Capital WE are having yet another year where
      Source: Bloomberg, AMP Capital  -  1,331 words
  • Page 28 Advertisements
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      50 28 ICON WEDDINGS OUT NOW IN BOOKSTORES* K I N O K U N I YA M P H P O P U L A R *KI NOKU N IYA, MPH, POPULAR, TIMES T I M E S i ON MAGZTER http://goo.gl/6qfolc ICON WEDDINGS DIGITAL IS AVAILABLE ON MOBILE DEVICES WWW.ICONSINGAPORE.COM
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      231 28 An Exclusive Sage Invitation Dear ACCPAC fans You are cordially invited to a tea session we have specially prepared for ACCPAC users. We understand the good experience you had with ACCPAC and appreciate your loyalty. You know ACCPAC is nowSage 300 ERP. As theMARKET LEADERinERP Solutions for SMEs, you will
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      208 29 emirates.com/sg Make friends in high places Rub shoulders with some of the most interesting people on the planet at 40,000 feet. Enjoy good company, sparkling conversation and surprising service in our A380 Onboard Lounge. Fly the Emirates A380 to over 20 destinations worldwide Destinations include Amsterdam, Barcelona, Jeddah, London, Los
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      457 30 UNWRAP ASIA'S LONG-TERM GROWTH POTENTIAL WITH THE REGION'S LARGEST FIXED INCOME ETFn i r!= South Korea s m mx-i KChina RAF ft BIRF on Hong Kong r^Zsat Philippines Thailand a own, Malaysia -.1 Singapore Indonesia The ABF Pan Asia Bond Index Fund (PAIF), Asia's first and largest fixed income ETF
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