The Business Times, 12 October 2013

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Microfilm: NL32848
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 12-13. 2013 l 5:51.00 I MCI (P) 086/O8/2013 SCn A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Obama, Republicans eye debt-limit deal
    804 1 But they remain at odds over terms for ending partial government shutdown Bloomberg Washington PRESIDENT Barack Obama and US House Republican leaders were moving towards an agreement to extend the nation’s borrowing authority as they remained at odds over terms for ending the partial government
    Bloomberg  -  804 words
  • Article, Illustration
    Lock icon Singapore’s illicit love affair with the Kindle
    1470 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore IF you were to look down at a map of South-east Asia, as one is wont to do, you will find the region’s very own Bermuda triangle a baffling Kindle-free zone of four countries, with Singapore in the
    BT Graphics: JenniferChua, Joyce Hooi  -  1,470 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Cricket club official quits over slapping incident
      673 2  -  Club’s deputy president is under probe by SCC for a disciplinary case, say sources By Malminderjit Singh msingh@sph.com.sg Singapore THE deputy president of the Singapore Cricket Club (SCC) has resigned from his position following an allegation that he had slapped a young sports
      673 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,179.71 (+9.80) GSTI FUTURES 3,180.00 (+11.00) GSIMSCI 363.74 (+1.03) GSIMSCI FUTURES 364.20 (+1.70) Friday Change KL COMP 1,785.75 +9.83 NIKKEI 225 14,404.74 +210.03 HANG SENG 23,218.32 +267.02 SET 1,457.78 +5.87 JAKARTA 4,519.91 +33.23 MANILA 6,489.80 +53.83 KOSPI 2,024.90 +23.50 SHENZHEN B 856.42 +11.05 MUMBAI IND 20,528.59 +255.68 12noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.411 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.55 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.600 1.996 EURO(US$/S$/€ 1.356 1.691 Foreign currency per US$ S$ YEN 98.30 78.80 RM 3.180 2.549 HK$ 7.754 6.216 BAHT 31.31 25.09 RUPIAH 11,368 9,112 RENMINBI 6.118 4.904 INDIAN RUPEE 61.28 49.12 A$ 1.056 0.846 NZ$ 1.200 0.962
        49 words
    • Article, Illustration
      Lock icon Soaring forex volumes a boon for Singapore
      1185 5  -  Republic is the world’s third-largest FX centre, with global banks and MNCs basing regional or treasury HQs here By Siow Li Sen lisen@sph.com.sg Singapore DBS forex (FX) traders and salespeople started undergoing the bank’s training programme for treasury and markets professionals last month.
      PHOTO: BLOOMBERG  -  1,185 words
    • Article, Illustration
      Lock icon IDA launches probe into SingTel fire
      439 6  -  Data protection firm estimates breakdown of services could have cost as much as $300,000 an hour By Kelly Tay kellytay@sph.com.sg Singapore THE cost of lost connectivity as a result of the recent SingTel fire could have run into as much as $300,000 an hour,
      PHOTO: LIANHE ZAOBAO  -  439 words
    • Article
      Lock icon SLNG offers vessel cool-down service
      559 6  -  By Ronnie Lim ronnie@sph.com.sg Singapore AS part of Singapore’s plan to become a regional gas hub, the Singapore LNG terminal (SLNG) has started to expand beyond its core business by providing its first vessel cool-down service for liquefied natural gas ships. This kicked off with
      559 words
    • Article, Illustration
      Lock icon Asia’s art market heats up anew
      716 7 Christie’s and Sotheby’s are increasingly focused on China, but are barred by laws from selling antiques AFP Beijing AUCTION houses have sold US$700 million worth of artwork in recent days in Hong Kong and set a series of world records, as Asia’s art market
      AFP; PHOTO: AFP  -  716 words
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      48 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 From The Desk of 16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Travel L2-7 Dining L8-9 Home Garden L10-11 Golf L12-13 Motoring L14-16 Real Estate 31
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    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      37 5 B2 Factory Tuas Link Tenure: 41 yrs LH 2 Storey Land:54,000sqf Build:40,000sqf FOR SALE JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg Estate Agent Licence No L*****82K CEA Licence no: R *****6 D
      37 words
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      25 6 I w 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 3* HOTFMSG
      25 words
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      1347 7 KODA LTD (Company Registration No. *****1299R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Commune Lifestyle Pte Ltd, 9 Raffles Boulevard #02-51/52/53 Millenia Walk Singapore *****6 on 28 October 2013 (Monday)
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Linked to success
      2244 8 / 9  -  The right job for the right person across a global workforce. That’s the ‘true North’ that LinkedIn CEO Jeff Weiner seeks. By Amit Roy Choudhury amit@sph.com.sg AS boss of a social networking site for professionals, Jeff Weiner, LinkedIn’s CEO, has set a goal of opening up economic
      YEN MENG JIIN  -  2,244 words
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  • COMPANIES
    • Article
      Lock icon SPH profit down 25%; creates $100m fund
      467 10  -  The New Media Fund will look to invest in related businesses to reinvigorate the group’s core business By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE Press Holdings (SPH) is establishing a $100 million New Media Fund to reinvigorate its core business after weak ad and
      467 words
    • Article, Illustration
      Lock icon Del Monte Pacific in US$1.7b acquisition
      684 10  -  By Lee Meixian leemx@sph.com.sg Singapore DEL Monte Pacific which is du-al-listed in Singapore and the Philippines is acquiring the consumer food business of private-ly-owned Del Monte Foods of the US for close to US$1.7 billion. The Philippines-based processed products group said yesterday that it
      PHOTO: BLOOMBERG  -  684 words
    • Article, Illustration
      Lock icon Russian fertiliser firm PhosAgro sets up S’pore trading office
      376 11  -  CEO says presence in Republic has become essential as its business expands in Asia By Andrea Soh sandrea@sph.com.sg Singapore THE world’s largest global producer of high-grade phosphate rock, PhosAgro, has set up a trading office in Singapore, its first outside Europe.
      376 words
    • Article
      Lock icon LionGold placement called off on stock price volatility
      441 11  -  By Jasmine Ng jasng@sph.com.sg Singapore LIONGOLD Corp said the trading restrictions imposed on its shares put it at a “significant disadvantage” as they hinder its efforts to acquire undervalued assets. The company yesterday called off its proposed placement of up to 180
      441 words
    • Business briefing
      • Article
        Lock icon CH Offshore’s US$56m charterhire suit
        33 11 CH Offshore Ltd has commenced legal proceedings in London against PDV Marina and Astilleros De Venezuela, for a claim relating to outstanding charterhire amounting to approximately US$56 million.
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      • Article
        Lock icon AusGroup expects Q1 loss
        81 11 AFTER a preliminary assessment of its Q1 (ended Sept 30) results, AusGroup which provides fabrication and manufacturing services to the marine and offshore drilling industries expects to incur a net loss. This is due to cost overruns from two contracts that are approaching completion, delays in
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      • Article
        Lock icon Disclaimer by Aussino’s auditors
        76 11 AUSSINO Group’s auditors, BDO LLP, have issued a disclaimer of opinion on the home furnishing company’s financial statements for the FY to June 30, 2013. Independent auditor BDO reported it has “not been able to obtain sufficient appropriate audit evidence to provide a basis for an
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    • Article
      Lock icon Proposal to delist Medi-Flex; Q4 profit rises 60%
      310 11  -  By Jasmine Ng jasng@sph.com.sg Singapore TOP Glove Sdn Bhd, the parent company of Medi-Flex, is seeking voluntary delisting of the Catalist-listed maker of rubber gloves. A joint announcement yesterday said Top Glove will be making an exit offer of 15 cents per
      310 words
    • Article, Illustration
      Lock icon US woes, designated stocks hog limelight
      638 12  -  STOCKS| R Sivanithy sivan@sph.com.sg Senior Correspondent ON THE external front, the main issue that drove stock prices this past week was whether bickering US politicians would be able to reach a compromise on the country’s finances. As it turned out, there were flickering signs
      638 words
    • Article
      Lock icon TOP 20 ACTIVES
      229 12 VOL CLOSE YHM 429 :lose 888 6 .3 0 .3 5 .0 AdvanceSCT 166 0.3 010 0 .8 0 .0 0 .0 Sunmoon 131 0.0 254 0 .3 0 .1 50 .0 Innopac 127 Innopac 664 4 .9 0 .3 5 .8 Rowsley W*****3 121 121,886 886
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    • Article
      Lock icon STI STOCKS
      113 12 Stock name Close Change CapMallsAsia 1.970 +0.005 CapitaLand 3.160 +0.030 CapitaMall 1.965 +0.010 CityDev 10.43 +0.250 ComfortDelGro 1.910 -0.005 DBS Grp 16.47 +0.100 GLP 2.950 +0.060 Genting SP 1.465 Golden Agri 0.525 -0.005 HK Land 6.440 +0.070 HPH Trust US$ 0.785 +0.010 JMH 56.08 +0.410 JSH 34.50 Jardine
      113 words
    • Article
      Lock icon Key equity markets poised to do better next year: Amundi
      681 12  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore WITH double-digit European earnings growth on the way, key equity markets around the world are poised to do better next year. Markets will be supported by a low interest rate environment and plenty of central
      681 words
    • Article
      Lock icon TOP GAINERS
      65 12 BY CENTS CLOSE UP DBXT AUDCS 5SG$ ***** 744.0 3.1 Lyxor ThaiSET 10US$ ***** 410.3 2.5 DBXT MSKorea 10US$ 6278 198.3 2.6 DBXT MSEurope 10US$ 5578 134.7 2.0 DBXT MSJAP 10US$ 4644 108.5 1.9 Jardine C&C 3660 100.0 2.8 DBXT FTChina25 10US$ 2975 51.1 1.4 JMH 5608 51.1
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    • Article
      Lock icon TOP LOSERS
      56 12 BY CENTS CLOSEDOWN GLD 10US$ ***** -139.7 -0.9 DBXT S&P Short 10US$ 2858 -41.2 -1.1 UOB MB eCW*****1 12.8 -8.7 -40.5 RH PetroGas 85.5 -6.5 -7.1 AP Strat W*****6 22 -5.0 -18.5 Asiasons 14.6 -4.9 -25.1 KepCorp MBePW*****4 0.8 -4.8 -85.7 APStrategic 27.5 -4.0 -12.7 ForterraTr 212 -4.0
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    • Article, Illustration
      Lock icon Linked stocks form a troubled past
      760 13  -  Cross-holdings, management relationships and Asiasons, Blumont and LionGold becoming ‘designated’ stocks By Kenneth Lim kenlim@sph.com.sg Singapore UNUSUAL share price movements, boardroom battles and cornered markets. If there is one distinctive characteristic among the handful of companies that have been linked to Ipco International and
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      Lock icon Page 13 Advertisements Column 1
      548 13 W> [SATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JANCO AIRCRAFT ENGINES PTE. LTD. (CO. REG. NO. *****1238Z) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that
      548 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon McKinsey, EDB launch Asian consumer insights centre
      446 14  -  Consultancy can help companies on the kind of goods and services sought after by consumers B)’ Jacquelyn Cheok jaccheok@sph.com.sg firm A GLOBAL consulting firm specialising in developing consumer and market insights was launched yesterday in Centennial Tower at Temasek Avenue. Companies may want
      446 words
    • Article
      Lock icon TripAdvisor: Sentosa’s the costliest island in S-E Asia for travellers
      428 14  -  Koh Phangan in Thailand is the most affordable By Mindy Tan tanmindy@sph.com.sg SENTOSA is the most expensive island in South-east Asia for travellers, according to TripAdvisor’s TripIndex Island Sun 2013, the first ever cost comparison of a day out and
      428 words
    • Article, Illustration
      Lock icon Customisation pays off for shipping firm
      985 15  -  BLPL Singapore’s revenue grows from US$6.3m to US$27.4m in four years By Chan Si Wei Eric, Eunice Lim Xiu Zhen, Ho Chung Hang Andrew ~The writers are students of NUS Business School Despite facing strong competition from big players, non-vessel operating container carrier BLPL
      BT FILE PHOTO  -  985 words
    • Article, Illustration
      Lock icon DBS’ Tan Su Shan bags private banking global award
      281 15 TAN Su Shan, DBS’ Group Head of Consumer Banking and Wealth Management, has been named Outstanding Private Banker of the Year by Private Banker International. This is the first time a private banking professional from Asia has won the global award,
      281 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon How to make an alliance work
      943 16  -  Managing and realigning expectations is key and companies must be prepared to respond rapidly and radically to changing market dynamics together, in order for an alliance to be successful FROM THE DESK OF Toby Koh Managing director, Ademco Security Group AGAINST the current backdrop
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  • WORLD
    • Article
      Lock icon Royal Mail shares surge on market debut
      438 17 They soar as much as 31% to 432 pence by midday with about 15% of the total issue changing hands AP London SHARES in newly privatised Royal Mail soared on their stock market debut yesterday, bolstering criticism that the company which traces its
      AP  -  438 words
    • Briefing
      • Article
        Lock icon JPMorgan Chase reports US$380m loss on legal expenses
        90 17 AFP New York City US banking giant JPMorgan Chase yesterday reported a rare quarterly loss due to high legal costs, even as its underlying business produced results that exceeded expectations. The bank reported a net loss of US$380 million on revenues of
        AFP  -  90 words
      • Article
        Lock icon Chemical weapons watchdog OPCW wins Nobel Peace Prize
        56 17 AFP Oslo The Organisation for the Prohibition of Chemical Weapons (OPCW), the body overseeing the destruction of Syria’s chemical weapons, won the Nobel Peace Prize in a surprise announcement yesterday. It was honoured “for its extensive efforts to eliminate chemical weapons”, Nobel
        AFP  -  56 words
      • Article
        Lock icon Infosys posts lower-than-expected 1.6% rise in Q2 profit
        107 17 AFP Mumbai Indian outsourcing giant Infosys yesterday reported a lower-than-ex-pected 1.6 per cent rise in quarterly net profit but raised its full-year revenue outlook, driving its shares up more than 5 per cent. Consolidated second quarter net profit for the Nasdaq-listed company
        AFP  -  107 words
    • Article
      Lock icon Felda proposes to buy rest of associate
      276 17  -  By Pauline Ng MALAYSIA’S Felda Global Ventures Holdings has proposed to acquire the balance 51 per cent of its associate Felda Holdings for (FHB) RM2.2 billion (S$862.4 million) to be a “fully integrated oil palm plantation company”. In a stock exchange filing yesterday,
      276 words
    • Article, Illustration
      Lock icon Obama absence relegates US to fringe treatment
      332 18 Bloomberg Kuala Lumpur IF a picture is worth a thousand words, photos from two global summits in Asia this week reveal all you need to know about how President Barack Obama’s absence due to the budget fight in Washington has marginalised the United
      Bloomberg; PHOTO: REUTERS  -  332 words
    • Article
      Lock icon UBS regains pole position as Asia-Pac’s biggest private bank
      476 18 Swiss lender overtakes Citigroup with US$21 5b in assets managed in region; Credit Suisse is ranked third Bloomberg Singapore UBS, Switzerland’s largest lender, became Asia-Pacific’s biggest private bank by assets last year, regaining the top ranking that it ceded to Citigroup
      Bloomberg  -  476 words
    • Article, Illustration
      Lock icon Record cut in foreign bond holdings a blow for BOJ
      570 19 Sales exceed purchases by 2.23t yen as likely US default spooks investors Bloomberg Tokyo THE prospect of a US default spooked Japanese investors into a record cut in foreign bond holdings last week, frustrating Bank of Japan (BOJ) efforts to
      Bloomberg; PHOTO: BLOOMBERG  -  570 words
    • Article
      Lock icon US to overtake Russia as top oil producer
      588 20 Its shale oil boom has transformed the global energy landscape: IEA report Reuters London THE US will become the world’s largest oil producer next year overtaking Russia thanks to its shale oil boom which has transformed the global energy landscape, the West’s
      Reuters  -  588 words
    • Article, Illustration
      Lock icon Twitter said to be paying 3.25% bankers’ fee for IPO
      446 20 Bloomberg New York TWITTER is seeking to raise more than US$1 billion in an initial public offering (IPO) and plans to pay bankers a fee of about 3.25 per cent, people with knowledge of the matter have said. The social
      Bloomberg; PHOTO: REUTERS  -  446 words
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      Lock icon Page 19 Advertisements Column 1
      114 19 stfl SINGAPORE PRE: AsiaOne brings you 'N All your news and lifestyle updates in one app SINGAPORE PRESS HOLDINGS f ase IS Latest News MALAYSIA Na led S| NGAPORE search for loved ones 9 minute: es ago \\j\l brand Step into the world of Viking warriors SHOWBIZ V* 14 minutes
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      Lock icon Page 20 Advertisements Column 1
      52 20 HOT PROPERTY I price revised fu m Ct- Designer decor IS/ Novena &f 2970 L sf C 3 A $C cf T PENTHS E 2% Commissfon ia CENTRAL APARTMENTS FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT SELL IT
      52 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8143 21 Transaction date: Oct 11 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.7 8Telecom 11.8 11.6 13.5 10.6 0.9 9.8 56.5 20 3.1 A-Sonic 10.3 -0.2 7844 11.1 10.3 10.3 10.5 1.3
      8,143 words
    • Article
      Lock icon SGX CATALIST
      1948 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 27.5 17.1 t 800 Super 24.5 +0.5 36 24.5 23.5 23.5 25 3.2 4.1 7.6 43.8 6.2 2.8 t AA Grp 4.3 3.2 215 4.1
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 4 0 0 0 7 4 4 Manufacturing 58 42 36 9 11 8 67 53 44 Commerce 21 17 23 6 6 1 27 23 24 Tpt/Stor/Comms 13 17 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      777 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 7 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Blumont 9-Oct-13 Neo Kim Hock *Sell 9253 0.16 *****7 7.73 *****4 7.19 Blumont 9-Oct-13 Ng Su Ling
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,442 24,442 76,027 76,027 Manufacturing 319,061 102,624 421,685 118,767 2,751 121,518 Commerce 267,580 189,974 457,554 80,026 12,100 92,125 Tpt/Stor/Comms 95,606 24,369 119,975 124,651 11,118 135,769 Finance 143,048 893 143,941 127,536 339 127,875 Construction 188,842 436,844
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Oct 10 COCOA (£/tonne) Close Prev High Low Dec 13 1767 1753 1771 1759 Mar 14 1751 1738 1754 1743 May 14 1742 1727 1745 1732 Jul 14 1730 1713 1733 1720 COFFEE(US$/tonne) Close Prev High Low Nov 13 1736 1722 1749 1725 Jan 14 1723 1709 1735 1712
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    • Article
      Lock icon METALS
      66 25 Oct 11 GOLD(US$/oz) Oct 10 Oct 11 Hong Kong 1310.00 1295.00 Oct 09 Oct 10 London 1301.54 1300.18 1302.44 1300.98 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 27.29 26.52 Source: UOB PLATINUM Lon (US$/oz) Oct 10 Close Previous PM Fix 1385.00 1385.00 AM Fix 1383.00 1399.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Oct 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 13 2390.0 2380.0 2390.0 2380.0 164 1809 Nov 13 2387.0 2379.0 2391.0 2372.0 1171 ***** Dec 13 2395.0 2380.0 2395.0 2373.0 ***** ***** Jan 14 2394.0 2384.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 25 Oct 11 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-16 101.8 5-Year N*****0T 0.5 01-Apr-18 98.24 98.36 98.36 10-Year NX*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Oct 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1809 1.1825 0.9470 0.9475 Canadian dollar 1.1997 1.2012 0.9625 0.9621 Euro 1.6907 1.6923 1.3558 1.3560 NZ dollar 1.0389 1.0401 0.8331 0.8334 Sterling pound 1.9946 1.9966 1.5995 1.5998
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Oct 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.208 1.151 Can dollar 1.222 1.175 Euro 1.728 1.646 Sterling pound 2.032 1.954 NZ dollar 1.058 1.018 US dollar 1.274 1.214 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon CHICAGO BOT
      104 25 Oct 10 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 13 1288.00 1287.75 1302.00 1285.50 Jan 14 1285.50 1284.00 1297.50 1281.00 Mar 14 1272.50 1269.00 1282.75 1265.50 May 14 1255.00 1250.50 1265.25 1247.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Oct 13 41.04 40.55 41.15 40.78
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +0.40% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,931.60 on Nov 16,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: +2.48% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -1.81% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: +38.57% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,488.14 on Oct 15,2012 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 25 YTD change:+15.43% 52-week high: 15,709.58 on Sept 18,2013 52-week low: 12,471.49 on Nov 16,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  25 words
    • Article
      Lock icon OIL
      68 25 Oct 10 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.72 2.60 WTI (Near Mth) 102.92 1.63 Dubai (1-Mth F) 105.32 -0.40 Tapis blend 117.86 -0.41 Minas 108.86 -0.41 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.94 1.00 Jet Kerosene 123.79 0.03 US$/barrel OpecOil Basket Price 107.69
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    • Article
      Lock icon LONDON METALS
      72 25 Oct 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1836.25 1811.25 3 months 1881.00 1858.00 Copper, Grade A (US$/tonne) Cash 7122.50 7071.50 3 months 7145.00 7099.50 Lead (US$/tonne) Cash 2050.60 2049.00 3 months 2075.00 2075.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Oct 10 Index Change Change Change Change Change Change World Preliminary 1097.3 1.5 17.0 1.3 17.8 1.5 15.2 EAFE Preliminary 901.7 1.3 16.4 1.0 15.5 1.1 12.9 Europe Preliminary 1288.7 1.7 12.3
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon US govt impasse: A reality check
      1386 26 / 27  -  The current Washington standoff is just a sign of the maturing of the American political system and its ability to deal with the earthshaking challenges facing it. Leon Hadar Washington correspondent IMAGINE a country that has been engaged for close to two decades in
      PHOTO: AFP  -  1,386 words
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      296 26 / 27 SATURDAY with Ludwig ‘Although the chef appreciates your compliments, he never shares his recipes.’ CRYPTIC CROSSWORD Across 1 Loans saved, can make a move (8) 6 Where the Ark went fast (6) 9 Name for girls and boys, evenly distributed (6) 10 A compulsory turn-out (8) 11 Blue tits flying
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        1331 28 / 29  -  Schroders Wealth Management may be small, but its role as independent asset manager offers a win-win proposition, says its chief executive. By Genevieve Cua By Genevieve Cua gen@sph.com.sg SCHRODERS is synonymous with asset management and few would associate it with private banking. But its private
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        682 28 / 29  -  Compiled by Kenneth Lim Industrial real estate Buy Investment trusts AmFraser Oct 11 In the leasing market, the high-specs industrial space segment was the only segment to witness an easing in rents in Q3 2013, according to Colliers. We believe this is largely a result of an increased
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      570 30 US$1.6b Atlantis Sanya, scheduled to open in 2016, will feature a 1,300-room hotel but will not include a casino Reuters Hong Kong CHINESE conglomerate Fosun International Ltd and South Africa’s Sun City casino king plan to build a US$1.6 billion resort on China’s
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      314 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 3 AND JULY 6, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 NON-LANDED Corals At Keppel Bay Apt 11/09/2013 99 969 2614 2698 District 9 NON-LANDED Alba Apt
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      235 30 Bloomberg Shanghai GREENLAND Holding, a developer building one of China’s tallest towers, is investing in a New York property project worth more than US$5 billion. It is the latest Chinese real estate company to go overseas. Greenland signed a memorandum of understanding
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      Lock icon 60 units of Nine Residences sold
      532 31  -  Chip Eng Seng also sells 124 strata retail units in Yishun mixed-development project By Kalpana Rashiwala kalpana@sph.com.sg CHIP Eng Seng yesterday sold about 60 apartments in Nine Residences, the residential component of its 99-year leasehold Yishun mixed-development project. It priced the initial 100 units
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      288 31 STPROPERTY, the property website under Singapore Press Holdings’ ST701 umbrella, took bronze in an award that recognises local innovations across industries in the national information and communication technology (ICT) scene. Formerly ST701 Property, the portal bagged a bronze in the “Digital Media” category
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      461 31  -  By Felda Chay feldac@sph.com.sg REAL estate firm Century 21 Singapore is expanding through a partnership with International Property Advisor (IPA). Under the deal, IPA’s key executive officer, Ku Swee Yong, will helm Century 21 Singapore by taking on a newly created CEO position.
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      135 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1 986, AUDEMARS PIGUET BECAME THE FIRST WATCHMAKER TO FEATURE A TOURBILLON IN AN AUTOMATIC WRIST WATCH. TODAY THE TRADITION TOURBILLON REPETITION MINUTE IS OUR LATEST EXPRESSION OF THIS PIONEERING SPIRIT. THE TOURBILLON COUNTERACTS THE EFFECT OF GRAVITY ON THE
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      50 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 12-13, 2013 GOING MY WAY The burgeoning bespoke travel business L2-5 HOME GARDEN Seeing the light L10-11 TRAVEL Philadelphia L6-7 GOLF Defending champs take trophy L12-13 MOTORING Eight is enough L14 DINING Bottle benefits L8-9 COURTESY OF GREG LYONS F1 WATCH Vettel’s winning ways L16
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        1826 2  -  WAYThe bespoke travel business is gaining ground amongst the well travelled. Four Singapore-based operators share their experiences. By Nicholas Yong By Nicholas Yong INCREASINGLY savvy travellers looking for one-of-a-kind experiences have been able to find them by trawling the Internet or checking out travel websites. It’s also
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        1388 6 / 7  -  It’s under the radar of most travellers to the US, but there’s still plenty in Philadelphia for a pleasant stop. By Daven Wu By Daven Wu FROM a general scan of Philadelphia’s skyline of skyscrapers, its massive fin de siècle piles, and equally drab office blocks and empty
        AP PHOTO; PHOTO © 2012 THE BARNES FOUNDATION  -  1,388 words
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        1594 8 / 9  -  Yong susses out three new supplier-linked restaurants and bars offering unbeatably low prices Debbie Yong debyong@sph.com.sg Truffle Gourmet 49 Club Street Hours: 11.30am-2.30pm (Mon-Fri), 5.30pm-midnight (Mon-Sat) Z6222 5996 www.trufflegourmet.sg THE European truffle season will soon be upon us in full swing, but Club Street’s latest restaurant believes the
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        972 10 / 11  -  The Tan family’s home has floor to ceiling glass sliding doors all around, letting in natural light and giving clear views. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg FOR years, the Tans lived in a terrace home which, by virtue of having no
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    • BT CORPORATE GOLF LEAGUE 2013
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        Lock icon Defending champs take trophy home again
        1080 12 / 13  -  They brush off any potential winners to record a splendid victory over six rounds. By Justine Moss By Justine Moss A SUPERB final round score of 115 saw Team SunMoon once again topping the table of the 2013 Business Times Corporate Golf League. The
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        697 14  -  The Audi A8 gets a high-tech V8 biturbo engine for more power and efficiency. By Samuel Ee samuelee@sph.com.sg WHO’S afraid of the new Mercedes-Benz S-Class? Not Audi, apparently. Even as the brand with the three-pointed star prepares to launch the latest version of its flagship sedan, the
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        700 15  -  The versatile Nissan NV200 van has been transformed into a New York City cab. By Samuel Ee samuelee@sph.com.sg NISSAN may no longer be among the top passenger car brands here but it is still the market leader in one segment light commercial vehicles. Japan’s sec-ond-largest carmaker dominates the
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        588 16  -  Success for an F1 driver can, strangely, result in being booed and called boring. f1 watch By Samuel Ee samuelee@sph.com.sg RED Bull Racing’s Sebastian Vettel’s winning streak may be boring for some but for others, the statistics he is generating is nothing short of exciting. The young
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      102 3 Varenna Poliform Visit our showroom now to view the display of Varenna by Poliform kitchen systems. Designs that work as brilliantly as they look, Varenna by Poliform offers ‘Made-in Italy’ sophistication infused with craftsmanship and technological innovations. Speak with our specialist to customise your complete kitchen solution. Enjoy complimentary coffee
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      1009 4 / 5 wine dine with BTWeekend AquaMarine Marina Mandarin Singapore, Level 4 6 Raffles Boulevard Savour Authentic Turkish Cuisine Oct 1-31, 2013 Enjoy authentic Turkish cuisine at halal-certified kitchens helmed by guest chefs from Turkey, in addition to the delectable international buffet spread at Aquamarine. Turkish mezzes, mains, and desserts are available
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      232 12 / 13 Charity drive partners Networking night partners Media partner Sponsors Main sponsor Co-organised by Hole-in-one sponsors Partners HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart
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