The Business Times, 1 October 2013

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, October 1, 2013
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  • 791 1  -  B)’ NEIL BEHRMANN in London EUROZONE worries are resurfacing as Italy shifts into yet another bout of political turmoil. Italian shares led the tumble in Europe, pulling down the continent’s stocks which were already sharply lower ahead of a probable US government shutdown and
    PHOTO: REUTERS  -  791 words
  • 945 1  -  While earlier registration cheers some, businesses eye registry’s Jan 2 kickoff warily By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] A new early registration date for the Do Not Call (DNC) registry now cheerily beckons to consumers on Dec 2, even as firms of all
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,167.87 (-42.31) HST INDEX FUTURES 3,168.00 (-42.00) HSIMSCI 361.63 (-4.82) HSIMSCI FUTURES 361.90 (-6.00) US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.614 2.027 EURO (US$/S$/€ 1.350 1.696 Foreign currency per US$ S$ YEN 97.90 77.90 RM 3.265 2.598 HK$ 7.754 6.172 BAHT 31.35 24.95 RUPIAH
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    • 48 1 Monday Change KL COMP 1,768.62 -7.54 NIKKEI 225 14,455.80 -304.27 HANG SENG 22,859.86 -347.18 SET INDEX 1,383.16 -34.33 JAKARTA COMP 4,316.18 -107.54 MANILA COMP 6,191.80 -188.01 SEOUL COMP 1,996.96 -14.84 SHENZHEN B 827.64 +1.61 MUMBAI IND 19,379.77 -347.50 11.30am EDT Change DOW 15,155.74 -102.50 NASDAQ 3,769.44 -12.15
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    • 22 1 SINGAPORE MALAYSIA HONG KONG HONG KONG TAIWAN 5.38 6.55 5.00 13.343 5.036 JAPAN CANADA KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Page 1 Advertisements
    • 107 1 S’PORE MARKET CAP Marginal gains after choppy Q3 PAGE 4 HOCK LOCK SIEW Regulating ‘get rich quick’ seminars PAGE 5 COMMENTARY Now showing: Budget Wars PAGE 19 PROPERTY Three residential sites up for collective sale PAGE 26 Inc Scoring a hit with composers IPAGE 9 Deutsche Bank db.com Only a
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  • TOP STORIES
    • 473 2 Consumers can register with DNC from Dec 2 A NEW early registration date for the Do Not Call registry now beckons consumers on Dec 2, 2013, but firms are buckling down for impact on the cost and compliance front. FRONT PAGE Europe stocks fall on Italy’s political tremors
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    • 351 2  -  It acknowledges it reproduced content without approval By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Yahoo! Asia Pacific has paid an unspecified sum in damages and costs to Singapore Press Holdings (SPH), acknowledging that its Singapore news site reproduced content from SPH’s newspapers without
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    • 905 2  -  By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] The Monetary Authority of Singapore (MAS) has come out on the side of the retail customer after accepting most of the recommendations of a panel it appointed last year to shake up the financial advisory industry. One
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    • 689 2  -  By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Clinching a front-row seat in China’s drive to reform its economy will significantly boost DBS Bank’s business in the world’s second-largest economy, bankers said yesterday, as the Singapore bank enters the newly established China (Shanghai)
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    • 364 2  -  Despite a pick-up in export orders, domestic demand remains unchanged By VIRGINIE MANGIN in Beijing HSBC’s final China purchasing managers’ index came in substantially lower than the forecast published a week ago. September PMI was 50.2 points, a touch higher than
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    • 530 2  -  By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Growth in bank lending here continued to slow, according to numbers just released by the central bank, pointing to a generally sluggish third quarter for loans compared to the second quarter. Domestic banking unit (DBU) loans to non-bank customers
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    • 478 3  -  Those ‘at risk’ will be made to rotate jobs or take forced block leave Reports by LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] From Jan 1 next year, some public service officers will be forced to take on different jobs or made to go
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    • 620 3 [SINGAPORE] One major factor that will determine whether the government succeeds in rolling out its policies is whether it has the trust of the citizens, said Prime Minister Lee Hsien Loong yesterday. Without this “basic trust” in place, none of the government’s plans
      PHOTO: AZIZ HUSSIN/THE STRAITS TIMES  -  620 words
    • 513 3 WP [WASHINGTON] A prolonged government shutdown followed by a potential default on the federal debt would have economic ripple effects far beyond Washington, upending financial markets, sending the unemployment rate higher and slowing already tepid growth, according to a wide range of
      WP  -  513 words

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  • COMPANY NEWS
    • 1001 4  -  Total value of shares up 8.2% to $917.2b; five more firms join billion-dollar club By KENNETH LIM kenlim@sph.com.sg THE value of the Singapore stock market just made it back into positive territory after a see-sawing Q3, and analysts expect continued volatility
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    • 289 4 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.02.2014 N*****0H 2012 1/4 2900.00 1/8 1/2 60 99.98 0.31 SG**********
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    • 526 5  -  Earliest trading can resume is Feb 2014; shareholders put new share issue on hold By KENNETH LIM By kenlim@sph.com.sg SHAREHOLDERS of suspended China Sky Chemical Fibre Co received long-sought after guidance on the company’s operations and listing status, but remained cautious about
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    • 199 5  -  By R SIVANITHY sivan@sph.com.sg THE Ministry of Finance (MOF) is raising the share buyback limit under the Companies Act for Singa-pore-incorporated companies from 10 to 20 per cent with effect from today. However, this will not affect such companies listed on
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    • 820 5  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg BT readers are not prolific letter writers but when they do send in their views for publication, they usually raise valid and important issues. Such was the case with the last missive that appeared in print “Scrutinise financial
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    • 373 7  -  Group to lease power generation equipment to South Asian utility board By VIVIEN SHIAO vshiao@sph.com.sg YHM Group has secured a contract worth more than US$37 million over a 20-year period to lease a set of hydroelectric pow-er-generation equipment for power supply to a national
      373 words
    • 257 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg MAINBOARD-LISTED offshore marine company Nam Cheong announced yesterday the sale of four offshore vessels, taking it closer to the record of 21 vessels it sold last year. The largest Offshore Support Vessel (OSV) builder in Malaysia said the four
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    • COMPANY BRIEFS
      • 57 7 TA Corporation has secured two contracts worth $77.34 million. One is a 34-month contract worth $60.19 million for a proposed condominium development, while the other is a 24-month contract worth $17.15 million for a mixed landed housing development. Work for both is expected to
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      • 69 7 XPRESS Holdings’ net loss for the fourth quarter ended July 31 narrowed to $0.06 million from a net loss of $10 million for the same period a year ago, which had been largely due to an $8.1 million provision for doubtful debts. For the
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      • 70 7 OTTO Marine’s wholly owned subsidiary Koi Marine has entered into two bareboat charter agreements worth US$32 million. These are to charter two work maintenance vessels to Malaysian company Expro Synergy for six months, with purchase obligation at the end of the charter period.
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    • 354 7  -  It plans to inject marine supply base ops into Ocean Sky By MALMINDERJIT SINGH msingh@sph.com.sg OFFSHORE marine group Ezion Holdings (Ezion) yesterday announced a restructuring and expansion plan as it tabled a bid to buy 45.15 per cent of the
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    • 394 7  -  By JOYCE HOOI joyceh@sph.com.sg WHEN it comes to the prepaid sector, local telecommunications companies or telcos shine in the pre-sale customer experience category, but stumble at closing the sale, a recent KPMG report found. Of the 25 countries included in the
      ST FILE PHOTO  -  394 words
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    • 740 4 HARTAWAN Company Registration No. HOLDINGS LIMITED *****0950D Announcement from Hartawan Holdings Limited HARTAWAN SET TO OWN A GOLD MINING GROUP IN INDONESIA S$300 million reverse takeover of gold mining group nears completion Proved and Probable Ore Reserves estimated at 2,441 kt, containing 557,300 oz of gold Measured and Indicated Mineral
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  • Page 5 Advertisements
    • 269 5 vy k,. f ii Mi '.y r m w A i i', m» :!fi V U a P 5?,n a r n) -V' y if v -HfT .■.>!■ ft j|| '7'4 II. faiNVH U|r J*r7 T 3»'F3 ini *11 1«II J"v" S m m u 5 LU i r r
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  • SINGAPORE MARKETS
    • 572 6  -  ST Index slides 1.3% in anticipation of weak Monday for Wall Street and other Western bourses STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index (STI) slumped 42.31 points or 1.3 per cent to 3,167.87 yesterday going back almost exactly where it started 2013
      Source: Bloomberg  -  572 words
    • 73 6 Sep 30 VALUE CLOSE BT OB/OS -280.00 -393.00 BT CADI -*****.00 -273.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 785.08 -12.41 FTSE ST Small Cap 571.62 -7.14 FTSE ST All Share 782.99 -10.75 FTSE ST China Top 202.99 -4.13 FTSE ST China 231.23 -3.60 FTSE
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 11 3 0 0 0 0 11 3 Manufacturing 23 86 38 1 23 6 24 109 44 Commerce 12 34 19 1 10 4 13 44 23 Tpt/Stor/Comms 8 31 5
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 50,241 50,241 130,288 130,288 Manufacturing 667,045 162,100 829,145 313,599 5,918 319,517 Commerce 382,433 469,457 851,890 93,789 26,938 120,727 Tpt/Stor/Comms 143,559 30,953 174,512 216,811 10,967 227,778 Finance 45,466 663 46,129 257,673 263 257,936 Construction 327,840 1,015,994
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    • 1021 6  -  Compiled by CAI HAOXIANG China Shipyards DBS Group Research, Sept 30 OUR visits to a number of leading shipyards in Jiangsu point to contrasting outlook. The strength of Yangzijiang‘s management foresight, prudent strategy, timely delivery of quality products, dedicated top and middle management, welltrained skilled labour force, and
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    • 113 6 Stock name Close Change CapMallsAsia 1.955 -0.030 CapitaLand 3.090 -0.080 CapitaMall 1.960 -0.025 CityDev 10.25 -0.080 ComfortDelGro 1.970 +0.015 DBS Grp 16.42 -0.110 GLP 2.890 -0.030 Genting SP 1.435 -0.030 Golden Agri 0.520 HK Land 6.600 HPH Trust US$ 0.780 -0.010 JMH 54.90 -1.400 JSH 33.85
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    • 483 6 CURRENCIES Bloomberg [EDINBURGH] The yen and Swiss franc strengthened yesterday as political wrangling over the US budget threatened a partial government shutdown from today, boosting demand for safer assets. Japan’s currency extended its first quarterly advance against the US dollar in a year
      Bloomberg; PHOTO: BLOOMBERG  -  483 words
    • 53 6 VOLUME YHM 1,010,322,000 Albedo 370,305,000 IPCO Intl 259,317,000 HanKore 250,587,000 SingHaiyi 236,686,000 Oceanus 124,995,000 Yangzijiang 120,889,000 Metech Int 82,403,000 Federal Int 59,832,000 Golden Agri 59,057,000 VALUE($) Yangzijiang 136,797,720 UOB 96,926,595 SingTel 88,636,325 Keppel Corp 77,127,802 DBS Grp 75,605,240 YHM 66,850,695 OCBC Bk 57,925,995 CapitaLand 43,460,020 Asiasons 39,086,480
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    • 114 6 BY CENTS CLOSE UP Jardine C&C 3815 66.0 1.8 DBXT S&P Short 10US$ 2886 40.2 1.1 Blumont R 257 16.0 6.6 IS LC BND 100US$ 979 11.3 0.9 Venture Corp 763 10.0 1.3 Fuji Offset 31 6.0 24.0 DBS Bk 4.7% NCPS 100 ***** 5.0 0.0 ForterraTr 225 5.0
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    • 123 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -2216.0 -13.8 Lyxor Indonesia10US$ 7819 -1161.0 -10.6 DBXT Nifty 10US$ 9370 -374.4 -3.1 IS S&P500 ***** -213.6 -1.0 JMH 5490 -175.9 -2.5 JSH 3385 -109.3 -2.5 DBXT MSEurope 10US$ 5516 -101.8 -1.4 UOB 2067 -61.0 -2.9 Lyxor China H 10US$ 1388 -55.3
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    • 5 6 DAILY
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  • SINGAPORE NEWS
    • 426 8  - Continuing education training masterplan to be reviewed Minister: Review timely given transforming economy By CHUANG PECK MING peckming@sph.com.sg THE Continuing Education and Training (CET) system is in for an overhaul. Acting Manpower Minister Tan Chuan-Jin announced yesterday that the government is launching an overview of the CET Masterplan to make
      426 words
    • 572 8  -  Grant for 7 firms to develop used-water treatment methods By FELDA CHAY feldac@sph.com.sg THE government has given seven local enterprises a collective $2.5 million to develop innovative technologies to treat used water, to boost the country’s water reclamation capacity and capabilities. The
      LIANHE ZAOBAO FILE PHOTO  -  572 words
    • 350 8  -  By FELDA CHAY By feldac@sph.com.sg THE President of Singapore is appointing two new judicial commissioners of the High Court. The first is Tan Siong Thye, who until recently was the chief district judge of the Subordinate Courts. Mr Tan will take on his new role
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    • 381 8  -  Aim to commercialise specially engineered plastics and surfaces By AMIT ROY CHOUDHURY amit@sph.com.sg A*Star’s Institute of Materials Research and Engineering (IMRE) and its partners yesterday launched a new Nanoimprint Foundry that will develop, test-bed and prototype specially engineered plastics and surfaces. The objective of the
      381 words
    • 476 8  -  MAS allows small insurers to sell basic products online By CAI HAOXIANG haoxiang@sph.com.sg TO HELP smaller financial advisory firms deal with higher compliance costs, the Monetary Authority of Singapore (MAS) has modified some proposals of the Financial Advisory Industry Review (FAIR) panel. For
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    • SINGAPORE ROUNDUP
      • 107 8 JP MORGAN said yesterday that Edmund Lee has joined the bank as its senior country officer for Singapore. Mr Lee will be responsible for JP Morgan’s operations and strategic development here, overseeing delivery of the firm’s global product and service platform to clients. He
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      • 79 8 The Accounting and Corporate Regulatory Authority (ACRA) said yesterday that it was revising the effective date for companies to start filing financials in full XBRL (extensible Business Reporting Language) format from Oct 22 to Dec 2, 2013. XBRL is an internationally recognised language format for
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      • 134 8 THE Land Transport Authority called a tender yesterday to invite private bus operators to submit their cost proposals to operate the first five new short bus services in Ang Mo Kio, Bedok, Boon Lay, Marsiling and Woodlands. The new services are part of
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      • 82 8 UNIFORMED junior officers under the Home Affairs Uniformed Services will have their retirement age extended to 55 years, from 50 years previously, according to the Ministry of Home Affairs (MHA). The change will take effect from today. Eligible officers, including senior officers whose retirement age is
        82 words
      • 95 8 ELECTRICITY tariffs will increase by an average of 0.5 per cent or 0.12 cents per kWh for the Oct 1-Dec 31 period this year, said SP Services yesterday. The higher tariff is due to an increase in fuel costs of 4.3
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  • SME Inc
    • 1057 9  -  Online platform Windphonyhelps music composers to distribute or sell their sheet music.JASLENE PANGreports JASLENE PANG TAN Siow Wee was an applications engineer for eight years before he made the leap to set up his own firm, an online platform that distributes sheet music for original
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    • 849 9  -  THE VIEW FROM NTU PROFESSORS By BERTIL ANDERSSON Bertil Andersson is president of Nanyang Technological University THE modern university is a vibrant and important part of society providing highly skilled and educated manpower and a source of discovery and innovation. Usually
      849 words
  • Page 9 Advertisements
    • 177 9 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      177 words

  • MALAYSIA/INDONESIA
    • 639 10  -  He’ll probably rein in debt to avoid deficit in current account and lowered ratings By S JAYASANKARAN in Kuala Lumpur PRIME Minister Najib Razak will need to unveil a 2014 Budget that will consolidate Malaysia’s finances and avoid a backlash from
      639 words
    • 411 10 AP [JAKARTA] Australian Prime Minister Tony Abbott arrived in Indonesia yesterday for his first trip abroad since taking office, a visit that will likely be dominated by immigration issues as the death toll continues to climb from the latest boat tragedy involving
      AP; PHOTO: AFP  -  411 words
    • 502 10 [KUALA LUMPUR] Six senior officials of gold investment scheme company Genneva Malaysia Sdn Bhd and a related company have been slapped with an unprecedented 926 charges of money laundering, making false statements and illegal deposit-taking involving RM5.5 billion (S$2.1 billion), said
      502 words
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  • GREATER CHINA/INDIA
    • 626 11 Leaders’ November meeting being billed as a watershed for China’s development Reuters [BEIJING] China’s leaders will lay out plans to transform the world’s secondlargest economy at a key party meeting in November, leaving the question of how to do it largely unanswered
      Reuters  -  626 words
    • 437 11 Bloomberg [MUMBAI] Restructured loans are defaulting at a record rate at Indian banks amid forecasts the worst economic slowdown in a decade will deepen, according to the investment banking unit of the nation’s biggest lender. As much as 20 per cent of
      Bloomberg  -  437 words
    • 638 11 Reuters [HONG KONG] The launch of a Shanghai free trade zone heralds a new chapter in China’s drive to promote the yuan currency but it is unlikely to pose a competitive threat to Hong Kong any time soon and could instead provide
      Reuters; PHOTO: REUTERS  -  638 words
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  • WORLD
    • 576 12 But the govt says, a day before sales tax hike decision, that production is picking up at moderate pace AFP [TOKYO] Japan’s factory output slipped more than expected in August but the government put an upbeat gloss on the data yesterday, a day before
      AFP; PHOTO: REUTERS  -  576 words
    • 491 12 Reuters [SEOUL] South Korea’s industrial output expanded in August from the previous month at its quickest pace in nine months, data showed yesterday, bolstering third-quarter growth p ros p ec t s f or A s i a s fourth-largest economy. Industrial
      Reuters  -  491 words
    • 737 12 Aim is to deter debt hiding, catch risks off balance sheets Bloomberg [BRUSSELS] Banks are set to face a broad international leverage limit that will catch off-balance sheet risks and prevent them from hiding their debt, according to the head of the Basel Committee
      Bloomberg  -  737 words
    • 282 12 Increase indicates that a recovery in Europe’s largest economy is gathering pace Bloomberg [FRANKFURT] German retail sales rose in August, indicating that a recovery in Europe’s largest economy is gathering pace. Sales adjusted for inflation and seasonal swings increased 0.5 per cent from
      Bloomberg  -  282 words
    • 759 14 Investors lured by cheaper valuations and strengthening economies Bloomb erg [LONDON] The volume of initial public offerings (IPOs) in Europe jumped more than six-fold in the third quarter as investors lured by cheaper valuations and strengthening economies put their money to work
      Bloomberg  -  759 words
    • 237 14 Reuters [LONDON] Big companies in Britain say expansion is their top priority for the first time in 18 months, a survey showed yesterday, in another sign that the country’s economic recovery is on a solid footing. Forty per cent of
      Reuters  -  237 words
    • 664 14 Macau constraints spur plans for US$5b investment Bloomberg [HONG KONG] Lawrence Ho, son of Macau gambling tycoon Stanley Ho, plans to invest more than US$5 billion in Japan if Melco Crown Entertainment Ltd receives permission to build a casino there as he sees
      Bloomberg; PHOTO: BLOOMBERG  -  664 words
    • 539 14 Bloom berg [NEW YORK] Warren Buffett’s Berkshire Hathaway Inc is poised to get more than US$2 billion in Goldman Sachs Group stock through warrants acquired during the depths of the 2008 financial crisis. Berkshire may receive about 13.2 million shares in
      Bloomberg  -  539 words
    • 459 15 But business confidence rose to a 2-year high in Sept Bloomberg [MILAN] Italian banks’ capital buffers risk being depleted due to poor asset quality and weak profitability should an economic recession persist, the International Monetary Fund said. Twenty of Italy’s banks,
      Bloomberg  -  459 words
    • 894 15  -  US said to be fearful of being drawn into conflict over island territorial dispute By in ANTHONY ROWLEY in Tokyo A CRITICALLY important meeting for the stability and security of North-east Asia is scheduled to be held in Tokyo this week when
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    • 547 15 NYT [NEW YORK] Apple is the new most valuable brand in the world, according to a closely followed annual report. The report, which was set to be released yesterday, is from Interbrand, a corporate identity and brand consulting company owned by the Omnicom
      NYT; PHOTO: BLOOMBERGS; Source: Interbrand  -  547 words
    • 729 16 Govt promotions and tailored packages lift such procedures 5-fold since 2009 WP [SEOUL] Kylie Vu holds up a photo of her favourite South Korean actress on her iPhone and points. “I want a chin like hers,” she tells a beauty consultant at
      WP; PHOTO: BLOOMBERG  -  729 words
    • 901 16 Govt seeks to revive growth and join a key trade deal Bloomberg [HO CHI MINH CITY] Vietnam’s premier pledged to subject state-owned companies to competition and allow greater foreign ownership of banks as the government seeks to revive growth and join a key trade
      Bloomberg; PHOTO: BLOOMBERG  -  901 words
    • 722 16 Bloomberg [NEW YORK] US stocks are trading virtually in lockstep with 1954, the best year for American equity and the time when shares finally recovered all their losses from the Great Depression. The Standard Poor’s (S&P) 500 Index’s returns in 2013 are
      Bloomberg  -  722 words
    • 645 17 Quarter’s activity lull leads analysts to cut profit estimates for banks Reuters [NEW YORK] Wall Street banks have had another rough quarter in bond trading, thanks to the US Federal Reserve, and it might get worse before it gets better.
      Reuters  -  645 words
    • 457 17 Firm to shed 15,000 jobs as part of huge savings programme Reuters [MUNICH] Weekend news of 15,000 job cuts at Germany’s Siemens has put the engineering group’s new chief executive, Joe Kaeser, on a collision course with workers’ representatives only two
      Reuters  -  457 words
    • 542 17 Money does grow on trees in Japan AFP [TOKYO] With melons that sell for the price of a new car and grapes that go for more than US$100 a pop, Japan is a country where perfectly-formed fruit can fetch a fortune. An industry of fruit boutiques has defied Japan’s sluggish
      AFP; PHOTO: AFP  -  542 words
    • 367 17 Reuters [LONDON] Ikea, the world’s biggest furniture retailer, is to sell solar panels at its British stores, the first time it has offered the devices and marking an attempt to tap growth in the heavily subsidised green energy market. The Sweden-based
      Reuters  -  367 words
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  • Page 15 Advertisements
    • 556 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF (1) NDCI PTE. LTD. (CO. REG. NO. *****2353N) (2) COTSWOLD RESIDENCES PTE. LTD. (CO.REG. NO. *****7705K) (3) ONE MOUNT ROSIE PTE. LTD. (CO. REG. NO. *****9267E) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETINGS NOTICES ARE
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  • Page 16 Advertisements
    • 50 16 ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Singapore Expo Hall 6A 13 15 June 2014 111am 9pm BOOK NOW! Limited Booths available! For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A SUBSIDIARY OF Sph
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    • 25 16 I LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FflCEBODK.COM/HOTFMSG I 3* HOTFMSG
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  • Page 17 Advertisements
    • 1504 17 GIKEN SAKATA (S) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3879W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Giken Sakata (S) Limited (the “Company”) will be held on 16 October 2013 at 2.00p.m. at Block 4012 Ang Mo Kio
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  • EDITORIAL & OPINION
    • 472 18 EDITORIAL THE United States government is just hours away from its first partial shutdown in 17 years after the weekend passed with lawmakers failing to reach a compromise on a formula to extend federal spending authority. The impasse is proving a difficult one
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    • 849 18  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT WITH the proposed entry of Singapore Airlines (SIA) in a joint venture (JV) with Tata Sons for a full-service airline based in India, the emerging equations
      849 words
    • 995 18  - In with the old out with the new in economic cycles Emerging markets, in particular China, are no longer a good bet By WU MINGZE The writer is a market specialist with OANDA Asia Pacific, a fully automated online currency trading firm TEN years ago, if you had stopped someone
      PHOTO: REUTERS  -  995 words
    • 1517 19  -  Again, the Republicans are going to bring about the shutdown of the govt and perhaps force it to default on its debt LEON HADAR Washington Correspondent AT a time of fierce competition for shrinking television viewership and movie audiences, producers in Hollywood are less inclined to
      PHOTO: REUTERS  -  1,517 words
    • 745 19  -  By FRANK-JURGEN RICHTER The writer is founder and chairman ofHorasis, a global visions community THE Syrian civil war has torn the nation apart and put civilian lives at risk for more than two years. The surrounding nations fear for their safety.
      745 words
    • 228 19 LETTER TO THE EDITOR WE refer to the article titled “Shoebox units help Sky Vue sell 85% of units launched” published on Sept 30, 2013. CapitaLand’s strategy is to develop homes of varying designs, layouts and sizes that cater to
      228 words


  • AVIATION/SHIPPING
    • 503 20 European lenders cut their exposure to aviation sector after the debt crisis Reuters [DUBAI] Cash-rich Asian and Middle Eastern lenders are taking a larger share of the US$100 billion global aircraft financing market as Western rivals step back due to the liquidity
      Reuters; PHOTO: BLOOMBERG  -  503 words
    • 336 20  -  Move is to capitalise on the peak summer travel season By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] A year after suspending flights to the Greek capital, Singapore Airlines (SIA) yesterday said that it will temporarily offer flights to Athens between June and
      336 words
    • 646 20 Reuters [SINGAPORE] When more than 2,000 passengers aboard China’s biggest cruise liner found their ship detained in a South Korean port and their holiday in ruins, they had unwittingly become pawns in a five-year legal row between two Chinese shipping firms.
      Reuters; PHOTO: AP  -  646 words
    • 660 20 Reuters [PARIS] The brochure for Boeing Co’s aircraft repair service makes a simple assertion: “No one knows Boeing airplanes better than Boeing.” Now that claim is being put to a visible test as budget airline Norwegian Air Shuttle ASA grounded a brand new, US$212 million
      Reuters  -  660 words
    • 231 20 Source: Thomson Reuters Source: Thomson Reuters SGX '000 Sep 30 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 -0.01 138 Cosco Corp 0.79 -0.02 4321 Ezra Hldgs 1.15 -0.05 7432 First Ship Lea Chuan Hup Hldg.... Freight Links 0.11 unch ***** Grand Banks.............unch unch 0 Jaya Hold
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  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 340 20 CRYPTIC CROSSWORD Across 1 Room for alterations to rear in fast car (6) 5 Potentially save time in attempt, resulting in farce (8) 9 Widely-dispersed fliers turned back following breather (3-5) 10 Pants for instructions (6) 11 So there is a group of singers (4,4) 12 Win over Germany is
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  • 1354 21 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
    1,354 words
  • Page 21 Advertisements
    • 32 21 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? II
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  • SINGAPORE STOCKS
    • 3093 22 Transaction date: Sep 30 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Da ('000) High 188 106 AIMSAMPIReit 150 unch 532 150 147 149 150 7.1 14 789.9
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    • 250 23 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil jnch
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    • 11119 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited Asian local Ccy SD Bond Global Emerging Markets!** .*****/ 1.9376/ EM local Ccy Bond 0 9208/
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    • 262 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A56 -4 8 56 56 56 58.5 3.6 6.3 4.5 207.3 52 31 Genting HK US$ US41 -1.5 3141 41.5 40.5 40.5 41 2699.7
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    • 917 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 125 CIMB APAC Div 100S$D 129.4 -1.5 0 129.7 129.4 128.6 129.5 114.4 99.2 CIMB APAC Div 100US$
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  • Page 22 Advertisements
    • 115 22 THE ESSENCE OF BRITAIN Made in Switzerland by BREITLING k TEL. +65 6732 6347 breitlingforbentley.com BREITLING for BENTLEY British chic, Swiss excellence: Breitling for Bentley combines the best of both worlds. Style and performance. Luxury and accomplishment. Class and audacity. Power and refinement. Perfectly epitomising this exceptional world, the Bentley
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  • FINANCE & COMMODITIES
    • 603 24 Sep 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.62 *****.24 *****.82 Dec13 *****.00 *****.00 *****.00 *****.00 *****1 *****7 Mar14 *****.00 *****.00 *****.00 *****.00 11 202 MSCI TAIWAN INDEX FUTURES SPOT 290.62 290.62 286.64 Oct13 290.10 290.10 285.60 287.10 ***** *****5 Nov13 287.20
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Sep 27 Index Change Change Change Change Change Change World Preliminary 1105.2 -0.3 17.8 -0.1 19.4 -0.1 16.2 EAFE Preliminary 912.2 -0.3 17.8 0.2 17.6 0.2 14.5 Europe Preliminary 1292.3 -0.4 12.6
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    • 471 24 Sep 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.960 5.698 0.690 7.219 58.380 108.107 0.911 10.003 3.039 1.125 98.541 40.534 1.170 9.432 0.843 27.589 29.181 0.577 0.931 Canada 1.042 5.936
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    • 49 24 Sep 30 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 12 mths Source: Thomson Reuters
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    • 95 24 Sep 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 04-Apr-14 0.28 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.74 101.78 101.78 5-Year N*****0T 0.5 01-Apr-18 98.14 98.35 98.30
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    • 136 24 Sep 30 GOLD(US$/oz) Sep 30 Sep 27 Hong Kong 1340.00 1333.00 Sep 27 Sep 26 London 1339.29 1324.91 1340.25 1325.68 Source: Thomson Reuters CAST BAR Sep 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 345 269 10gm 616 539
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    • 57 24 Sep 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 13 2335.0 2355.0 2355.0 2335.0 170 4348 Nov 13 2306.0 2317.0 2325.0 2300.0 4704 ***** Dec 13 2302.0 2320.0 2327.0 2296.0 ***** ***** Jan 14 2304.0 2325.0
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    • 156 24 Sep 30 Sep Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1696 1.1698 0.9309 0.9310 Canadian dollar 1.2182 1.2188 0.9700 0.9696 Euro 1.6961 1.6967 1.3500 1.3503 NZ dollar 1.0393 1.0399 0.8272 0.8276 Sterling pound 2.0272 2.0275 1.6135
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    • 109 24 Sep 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1319.75 1316.75 1327.75 1311.50 Jan 14 1321.50 1318.75 1328.75 1313.75 Mar 14 1298.50 1298.00 1304.75 1294.00 May 14 1273.25 1275.25 1281.00 1272.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 13
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    • 95 24 Sep 27 COCOA (£/tonne) Close Prev High Low Dec 13 1711 1698 1712 1694 Mar 14 1687 1672 1690 1671 May 14 1674 1660 1677 1659 Jul 14 1664 1650 1665 1648 COFFEE(US$/tonne) Close Prev High Low Sep 13 1582 1634 1620 1620 Nov 13 1611 1663 1664 1596
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    • 1229 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 33 -5 316 0.0 5 -87 58 Asia-Pacific Strategic W*****6 0.4 1 123 212 98.75 8 Acma Ltd W*****7 Exer Albedo Limited W*****9 Prem AlliedTech W*****2 Ascendas REIT.ES.1309
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    • 70 24 CRUDE OIL PRODUCTS Sep 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.50 0.36 WTI (Near Mth) 102.77 -0.17 Dubai (1-Mth F) 105.32 0.11 Tapis blend 116.92 0.07 Minas 107.92 0.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.50 0.08 Jet Kerosene 121.96 0.57 US$/barrel OpecOil Basket
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    • 22 24 Sep 30 S$ Bid Offer 1-month 1.2564 1.2565 2-months 1.2563 1.2564 3-months 1.2563 1.2564 6-months 1.2559 1.2560 Source: OCBC
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    • 66 24 Sep-27 Sep-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1794.25 1775.75 3 months 1840.00 1822.00 Copper, Grade A(US$/tonne) Cash 7286.00 7226.50 3 months 7300.00 7251.00 Lead(US$/tonne) Cash 2073.25 2069.00 3 months 2100.00 2097.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 24 As at 9am Sep 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.242 1.195 Euro 1.737 1.655 Sterling pound 2.071 1.992 NZ dollar 1.063 1.023 US dollar 1.284 1.223 Local dollars to 100 units of foreign
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    • 154 24 Sep 30 $S Offer Bid 0vernight 0.03 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
    • 924 25 Individuals sold a net 3.1t won of shares last month Bloomberg [SEOUL] When Choi Jong Hyun found his 50 million won (S$58,400) annual salary wasn’t enough to cover the 8 per cent jump in rent for his Seoul apartment,
      Bloomberg; BLOOMBERG FILE PHOTO  -  924 words
    • 672 26  -  Owners of two plots looking to sell them collectively for $30m By FELDA CHAY By feldac@sph.com.sg [SINGAPORE] Three residential plots are up for sale by tender, with one located at the Kim Yam Road-River Valley Road junction and the other two sitting off
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    • 480 26  -  By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Prices of small completed private apartments (up to 506 sq ft) climbed for the second month in a row to hit a new peak in August, according to the latest flash estimate from the National University of Singapore
      480 words
    • 770 28  -  99-year leasehold sites to generate total of 920 homes By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] The government has released two adjoining private housing sites in Upper Serangoon View fronting Sungei Serangoon for tender, the first under the second-half 2013 confirmed list.
      BT Graphics; Source: URA  -  770 words
    • 485 28  -  By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] The number of stra-ta-titled factory sales to date this year is just over half the number seen over the same period last year, a DTZ report showed, as government regulations and a Total Debt Servicing Ratio (TDSR)
      Source: URA REALIS, Sept 27, 2013, DTZ Research  -  485 words
  • Page 25 Advertisements
    • 360 25 320 SERANGOON ROAD Rare Freehold Commercial Redevelopment Site "O DC sz CC3 E iH— 1 LsC =3 DQ Orchard Rd GTE Little India Int ilia Farrer Park Connexion Medical Hub (3 0 Farrer Sq T3 oc c o o CD c 03 QC "O DC o O o DC i
      360 words
    • 272 25 KnightFrank.com.sg FREEHOLD BUNGALOW AT JERVOIS DIO Park SUBJECT PROPERTY y Great World Valley Point \\City Shopping Centre ALEXANDRARD GANGES AVE Potential for A&A or redevelopment Land 14,800 sf, Residential GPR 1.4 Existing 3-sty bungalow with basement 6+2 3 rooms, period architecture Squarish plot with 35m frontage Potential for landed or
      272 words
    • 147 25 Freehold Landed Housing Sites For Sale FORESTED AREA t ung po ave OLD YIO CHU KANG RD -Cl o Imsubject SITE LENTOR ■<y (U/C) s\o v<J^ G p.0 CHU St. Nicholas Girls’ Sch cn o o <<S Tung Po Avenue, off Yio Chu Kang Road Lots 2128L 4333K of MK
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  • Page 26 Advertisements
    • 293 26 BELMONT ROAD Prime Good Class Bungalow For Sale Freehold (perpetual ownership) Rare large land plot: 26,455 sq ft Regular shape with wide frontage Main house with lush aerial view Guesthouse/ entertainment pavilion Expansive outdoor with swimming pool, sun decks and pristine lawn Well planned for multi-generations Potential for enhancement Expression
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  • Page 27 Advertisements
    • 359 27 hi k L r- 9 Sr 'iM m > A«| »y’ of3| m t m jr* m fc sim ->-, w*z~ —Os 1 '■f~ M >vna y r. v. E i in. .is l mi JlV’in;* w i ,fcy%l.r -I. !i Mr Sft mi iniiiiiiiiii K Artist’s impression 50 UNITED
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  • Page 28 Advertisements
    • 344 28 A COLLECTION OF TOWNHOUSES IN PRIME SOUTH WEST LONDON London Square Fulham townhouses range in size from two to six bedrooms, securely set behind a grand gated entrance, within a desirable Zone 2 location. Moments from Fulham Road King's Road, and a short walk to Fulham Broadway Underground Station A
      344 words