The Business Times, 19 October 2013

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Total Pages: 42
1 16 The Business Times

  • TOP STORIES
    • 696 2  -  Govt’s support measures boost output, retail sales, investments but recovery is still fragile By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S economy rose 7.8 per cent in the third quarter after support measures implemented over the summer by the government took effect, boosting output, retail
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    • 374 2  -  StarHub visiting affected customers to ensure all in order M1 By Kelly Tay kellytay@sph.com.sg Singapore SOME customers are still facing issues with their fibre broadband connections, though all of OpenNet’s damaged fibre cables have been restored. Service disruptions began last
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    • MARKETS
      • 58 2 GSTI 3,192.20 (+6.28) GSTI FUTURES 3,193.00 (+7.00) GSIMSCI 366.64 (+1.36) GSIMSCI FUTURES 367.20 (+1.90) Friday Change KL COMP 1,799.59 +2.17 NIKKEI 225 14,561.54 -24.97 HANG SENG 23,340.10 +245.22 SET 1,484.72 +15.63 JAKARTA 4,546.57 +27.64 MANILA 6,607.83 +46.95 KOSPI 2,052.40 +11.79 SHENZHEN B 855.66 +1.76 MUMBAI IND 20,882.89 +467.38 12noon
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.627 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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      • 48 2 US$ S$ US$ (S$ per US$) 1.238 (US$/S$ per 1.618 2.003 EURO(US$/S$/€ 1.368 1.694 Foreign currency per US$ S$ YEN 97.90 79.10 RM 3.155 2.548 HK$ 7.754 6.263 BAHT 31.04 25.07 RUPIAH 11,323 9,145 RENMINBI 6.096 4.924 INDIAN RUPEE 61.42 49.61 A$ 1.038 0.838 NZ$ 1.180 0.953
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    • 771 3  -  World’s No 2 toymaker sets up regional headquarters in Singapore, remains confident of Lego’s lasting appeal By Lee U-Wen leeuwen@sph.com.sg Singapore JORGEN Vig Knudstorp, president and CEO of Lego, doesn’t give out business cards when he goes to a
      PHOTO: YEN MENG JIIN  -  771 words
    • 660 4  -  Pricing expectation said to be at least $2,000 psf on existing NLA, amounting to $1 .35b By Kalpana Rashiwala kalpana@sph.com.sg Singapore BLACKROCK, the world’s largest asset manager, is believed to have appointed agents to find a buyer for AXA Tower at 8 Shenton
      PHOTO: ARTHUR LEE  -  660 words
    • 904 5  -  You need the skills to pay the bills more than stocks, bonds, gold, property or cash SATURDAY SOAPBOX Cai Haoxiang haoxiang@sph.com.sg Correspondent THE idiocy sorry, events that befell the US government in the past few weeks have certainly made one
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    • 473 5  -  Notes based on progress payments for condo project By Siow Li Sen lisen@sph.com.sg Singapore DBS Bank has successfully sold $200 million of five-year bonds securitised on a condominium project and based on progress payments, a first since 2008. Private investors were the buyers of the
      PHOTO: KUA CHEE SIONG/ THE STRAITS TIMES  -  473 words
    • 738 6  -  Changeover will take effect by the year-end; extensive search for new chief executive started a year ago Reports by Ronnie Lim ronnie@sph.com.sg Singapore AS PART of a planned succession, the CEO of the recently started Singapore LNG (SLNG) terminal, Neil McGregor, has decided
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    • 418 6 AFTER achieving his goal of getting the earlier-delayed Singapore LNG terminal up and running successfully, Neil McGregor is now thinking of his next personal challenge. “I’m more an entrepreneurial-type person and setting up the terminal was something I’d earlier committed to,” said Mr McGregor,
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    • 521 7  -  EC’s move to revive aviation emissions reduction faces strong opposition By Nisha Ramchandani nishar@sph.com.sg Singapore JOINING the chorus of protests against the European Commission’s (EC) move to revive its aviation emissions scheme, former di-rector-general of the International Air Transport Association (IATA) Giovanni Bisignani
      BT FILE PHOTO  -  521 words
  • Page 2 Advertisements
    • 53 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 Living L2-4 Dining L5-7 Travel L8-10 Watches L11 Design L12 Health L13 Motoring L14-15 Sports L16
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  • Page 3 Advertisements
    • 36 3 r Is m Q aai A JERRY LUM Snr Marketing Director, MBA, CES CEA Licence No.: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
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  • Page 6 Advertisements
    • 134 6 THE BUSINESS TIMES SATURDAY SPECIAL Enjoy 30% off at Eggs Berries a 4 Venue: Reservations: 6636 4212 5 Changi Business Park Central 1, Changi City Point, Unit No #01-37/38, Singapore *****8 enquiry@eggsnberries.com ‘Terms Conditions: 30% off ala carte Eggs Benedict (2 to dine) from 19-25 October 2013 Not applicable with
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  • Page 7 Advertisements
    • 123 7 The Search For Your IDEAL EMPLOYEE Ends Here .■1/ i /\EWJ n L r E BS-ir O Z 0 G BH° bQ H r AR °m1lEBWJN DFlU GPO C 1 F U Iroftbshd With access to STJobs' growing database of close to 650,000 candidates, automated email alerts to suitable candidates
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  • THE RAFFLES CONVERSATION
    • 2390 8 / 9  -  Dominic Barton, global managing director of consulting firm McKinsey Co, talks to Vikram Khanna about what makes the firm tick and why it is special Vikram Khanna vikram@sph.com.sg WHENmanagementconsultants are asked: “Which is the best management consulting firm in the world?” many of them
      PHOTO: YEN MENG JIIN  -  2,390 words

  • COMPANIES
    • 516 10  -  SGX removes ‘designated stocks’ label as trading has stabilised; Blumont execs disclose forced selling of their shares By Jasmine Ng jasng@sph.com.sg Singapore ASIASONS Capital, Blumont Group and LionGold Corp will have their trading shackles removed on Monday, two weeks after the Singapore Exchange (SGX)
      PHOTO: REUTERS  -  516 words
    • 655 10  -  By Mindy Tan tanmindy@sph.com.sg Singapore CAPITACOMMERCIAL Trust (CCT) clocked a flat distribution per unit of 2.04 cents for the third quarter ended September, while distributable income rose 1.6 per cent year-on-year, to $58.8 million, from $57.9 million a year ago. The improvement in
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    • 247 10 Bloomberg Singapore DBS Group Holdings is among banks that have advanced in bidding for Societe-Generale’s (Soc-Gen) private banking assets in Asia, said three people with knowledge of the matter. Soc-Gen picked about five suitors to study the unit’s finances after they made
      Bloomberg  -  247 words
    • 599 11  -  STOCKS| R Sivanithy sivan@sph.com.sg Senior Correspondent THE Straits Times Index (STI) might have risen 15 points over the week to 3,192.9 thus giving the impression of a relatively firm week, but the reality is that the market is struggling with thinning volume and what appears
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    • 454 11 LETTER TO THE EDITOR IN the past week, there has been significant press coverage on the now infamous trio of designated stocks Asiasons Capital, Blumont Group and LionGold Corp. The deflation of the bubble created by these three and other closely associated stocks have
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    • 197 11 VOL CLOSE Innopac 199 81 2 3.4 0 2 6 3 Albedo 112 ,264 3.9 0 0 0 0 YHM 95 ,251 6.4 0 0 0 0 HanKore 51 ,992 7.2 0 1 1 4 Jubilee 48 603 20 0 1 0 5 Go l den Agri
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    • 113 11 Stock name Close Change CapMallsAsia 1.980 -0.005 CapitaLand 3.180 -0.010 CapitaMall 1.980 +0.035 CityDev 10.47 +0.030 ComfortDelGro 1.910 +0.005 DBS Grp 16.56 +0.050 GLP 3.100 +0.060 Genting SP 1.470 +0.005 Golden Agri 0.530 +0.010 HK Land 6.380 +0.020 HPH Trust US$ 0.775 JMH 55.62 +0.140 JSH 34.13 -0.500
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    • 67 11 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 351.5 1.7 DBXT MSKorea 10US$ 6440 200.5 2.6 GLD 10US$ ***** 157.2 1.0 DBXT MSEurope 10US$ 5725 106.4 1.5 DBXT FTVietnam 10US$ 2389 60.6 2.1 DBXT FTChina25 10US$ 2984 38.4 1.0 Lyxor Korea 10US$ 570 35.9 5.4 Lyxor China
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    • 54 11 BY CENTS CLOSEDOWN JSH 3413 -61.9 -1.4 DBXT S&P Short 10US$ 2784 -47.0 -1.3 UOB 2070 -10.0 -0.5 Elite KSB 28.5 -6.0 -17.4 Lyxor HangSeng 10US$ 295 -5.0 -1.3 CIMBASEAN40 100S$D 1340 -4.0 -0.3 M1 345 -4.0 -1.1 Rex Intl 73.5 -4.0 -5.2 CMPacific 85 -3.5 -4.0 RH
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    • 1505 12  -  Not all reverse takeovers pan out, and those that do may not translate to a success down the road By Angela Tan angelat@sph.com.sg Singapore CHANGE is never easy, yet it oozes promise as the new replaces the floundering old, setting off the scent
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    • 726 13  -  Casino firm targets foreign visitation to boost mass gaming revenue By Grace Leong gleong@sph.com.sg Singapore EVEN as Marina Bay Sands (MBS) posted robust earnings for the third quarter, analysts noted that its receivables reserves levels for gaming debt were as high as they
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    • 246 13 SINGAPORE Airlines Cargo and Etihad Cargo have agreed to exchange capacity on services operated by both airlines from Abu Dhabi to London and Frankfurt. Under the agreement, Etihad Cargo will offer SIA Cargo capacity on one of its weekly freighter services
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    • 400 13  -  By Jacquelyn Cheok jaccheok@sph.com.sg Singapore SEMBCORP Industries will be investing 932 million yuan (S$190 million) to develop the first and its most comprehensive total water management plant to support a coal-to-diesel project in China. The plant, to be located in Wangqiao Industrial Park
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  • SINGAPORE
    • 405 14  -  Work on three stations and a depot to start in Q1 201 4 By Ong Chor Hao ongch@sph.com.sg WORK on three MRT stations and a depot for the 30-kilometre Thomson Line will start in the first quarter of next year, with
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    • 226 14  -  By Carine Lee carinel@sph.com.sg M-DAQ, a financial technology company focused on crossborder securities trading, has raised $14.5 million in a Series B round of financing. Backed by GSR Ventures and Citi Ventures, a unit of global financial services company Citigroup, M-DAQ has a
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    • 308 14  -  By Kelly Tay kellytay@sph.com.sg WHEN Parliament sits on Monday, the Ministry of Manpower will face at least five questions about the new rules aimed at ensuring Singaporean professionals are fairly considered for jobs. Acting Manpower Minister Tan Chuan-Jin is expected to
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    • 412 15  -  Las Vegas Sands could invest US$6b if it gets nod to develop integrated resort in Japan By Grace Leong gleong@sph.com.sg LAS Vegas Sands (LVS) will consider investing at least US$6 billion in integrated resort development in Japan, and may consider porting elements of the Singapore
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    • 417 15  -  By Jasmine Ng jasng@sph.com.sg THE National Kidney Foundation (NKF) has appointed a new chief executive officer, Edmund Kwok Kin Hong, on whose watch four dialysis treatment centres will be set up to cater to an anticipated rise in number of kidney
      PHOTO: LAU FOOK KONG/THE STRAITS TIMES  -  417 words
    • Briefing
      • 110 15 ABOUT 65 per cent of the 50 residential units released at The Venue Residences and Shoppes, which started its preview sale yesterday, have been sold. The units were sold at an early bird average price of $1,380 per square foot. By 5pm
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      • 105 15 SAMSUNG Asia Pte Ltd and Popular e-Learning Pte Ltd, a fully owned subsidiary of Popular Holdings, have announced a partnership to extend complimentary digital art training to primary and secondary schools, as well as tertiary institutions in Singapore. Known as the Samsung
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      • 55 15 CITI has been voted the best foreign exchange (FX) service provider by corporates in Asia in a recent industry poll by Asiamoney magazine, retaining its top spot from last year. The poll surveyed 3,504 senior treasury, financial and management officials based in
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    • 221 15 FOUR new members have been appointed to the Council for Estate Agencies (CEA) for a three-year term. They are Pauline Goh, chief executive officer, CBRE Singapore and South-east Asia; Harrif Bin Hambali, senior asset manager, Warees Investments; Ho Tian Lam, CEO, DTZ
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  • FROM THE DESK OF
    • 1065 16  -  Singaporeans must discard old industrial thinking and adopt an innovator mindset in the new dynamic landscape FROM THE DESK OF Charlie Ang Hwa Leong CEO, founder principal trainer FutureCraft ~The writer is an entrepreneur, speaker, futures thinker, and innovation evangelist. He is also the chief innovation officer
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  • WORLD
    • 412 17 Relaxing job rules in certain areas or for some firms will be unacceptable: unions Bloomberg Tokyo JAPAN’S government has put off key labour market deregulation, the Nikkei newspaper reported, as Prime Minister Shinzo Abe faces resistance to his reforms to revive the world’s
      Bloomberg  -  412 words
    • 466 17 NYT Brussels LAWMAKERS here have introduced a measure in the European Parliament that could require American companies like Google and Yahoo to seek clearance from European officials before complying with US warrants seeking private data. The measure, an amendment to a broader
      NYT  -  466 words
    • 241 17 Bloomberg Hong Kong HSBC Holdings Plc, Europe’s biggest lender, is closing the unit that offers retail broking and depository services in India as the bank focuses on expanding fast-er-growing operations. The UK lender won’t open any new broking accounts and will notify existing
      Bloomberg  -  241 words
    • 578 18  -  They are up against three challengers, including Mahathir’s youngest son, Mukhriz B)’ S Jayasankaran btworld@sph.com.sg Kuala Kuala Lumpur TODAY’S party elections within the United Malays National Organisation (Umno) will decide the political future of key leaders in Malaysia’s most politically dominant party.
      THE STAR, THE STRAITS TIMES, BLOOMBERG FILE PHOTOS  -  578 words
    • 401 18 4 states will fail to provide cover to one-third of uninsured adults Bloomberg Minneapolis ABOUT 5.2 million Americans will be left without health coverage because of the decision by 26 US states to reject expanded Medicaid insurance programmes for the
      Bloomberg  -  401 words
    • 522 18 Data Elite, backed by some big names, specialises in Big Data Reuters San Francisco A GROUP of high-flying Silicon Valley investors is betting that there is room for one more programme that fosters early-stage companies. This time, they are focused on
      Reuters  -  522 words
    • 394 19  -  They end 15 sen over offer price, below 30-40 sen projected By Pauline Ng Kuala Lumpur PORT operator Westports Holdings opened 20 sen or 8 per cent higher at RM2.70 on its debut yesterday, with a lacklustre market likely capping further gains. A
      PHOTO: AFP  -  394 words
    • 720 19 AFP Rio de Janeiro CHINESE oil giants CNOOC and CNPC will be in a prime position in next week’s first auction of deep-water concessions in Brazil’s coveted Libra oilfield, specialists say. Monday’s highly-anticipated auction covers Libra’s estimated eight to 12 billion barrels
      AFP  -  720 words
    • 550 20 But the push takes its toll on the firm’s Q3 gross profit margin, which shrinks to 57% Bloomberg San Francisco AS Google navigates a shift to mobile promotions from pricier search-based ads on desktops, it is relying on a simple maxim: volume, not just price.
      Bloomberg; PHOTO: REUTERS  -  550 words
    • Briefing
      • 76 20 AFP New York CHINESE computer and phone maker Lenovo is considering a counter bid to buy all of struggling Canadian smartphone manufacturer BlackBerry, the Wall Street Journal reported yesterday. The newspaper, citing unnamed sources, said Lenovo had signed a confidentiality agreement to access BlackBerry’s
        AFP  -  76 words
      • 91 20 Reuters New York MORGAN Stanley yesterday posted a high-er-than-expected quarterly profit as stock trading revenue jumped 31 per cent, a surprisingly strong performance in a quar- ter when most rivals posted smaller gains or even declines in that business. The rise in stock trading
        Reuters  -  91 words
      • 107 20 Bloomberg Shanghai SHANGHAI, which inaugurated a free trade zone last month and is targeting to become a global financial centre, is studying whether to impose a traffic congestion charge as part of a broader plan to fight pollution. A congestion charge is one of the
        Bloomberg  -  107 words
      • 103 20 Reuters Beijing FRANCE’S Galeries Lafayette has unveiled a swish department store in Beijing housing brands it says will lure fashionistas, foregoing names like Cartier that have found themselves associated with China’s crackdown on graft. At the store’s official inauguration in the downtown
        Reuters  -  103 words
      • 94 20 Reuters Hong KongHUTCHISON Whampoa, controlled by Asia’s richest man, Li Ka-shing, has scrapped a plan to sell its Hong Kong supermarkets business ParknShop and will instead focus on expanding in China, it said yesterday. The sale of ParknShop, which operates 345 stores in Hong
        Reuters  -  94 words
    • 357 20 Reuters Brussels THE European Union and Canada yesterday agreed on a mul-ti-billion-dollar trade pact that will integrate two of the world’s largest economies and paves the way for Europe to do an even bigger deal with the United States. Canadian Prime
      Reuters  -  357 words
  • Page 17 Advertisements
    • 67 17 Check out these positions and 400 more in CATS Recruit today! BD is looking for Senior/ R&D Engineers (Medical Devices) Campbell Soup Southeast Asia Sdn Bhd is hiring a Senior Key Account Executive Venture has positions open in Operations Gardens By The Bay is recruiting a Manager Facilities Management MINDEF
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  • Page 19 Advertisements
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  • SGX
    • 8062 21 Transaction date: Oct 18 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 11.5 8Telecom 11.5 11.3 13.5 10.6 1 9.5 55.1 20 3.1 A-Sonic 9.4 -0.1 3227 9.6 9.2 9.4 9.5 1.4
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    • 1898 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 $mil 27.5 17.1 t 800 Super 25.5 unch 1 25.5 25.5 24 25.5 3.2 3.9 7.9 45.6 6.2 2.8 t AA Grp 3.5 3.3 4.5 175
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 2 0 0 0 8 4 2 Manufacturing 39 46 39 6 7 12 45 53 51 Commerce 21 17 17 1 4 7 22 21 24 Tpt/Stor/Comms 15 9 13
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    • 787 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 14 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Yuanbang 17-Oct-13 Chen Jianfeng *Buy 536 0.23 ***** 3.64 ***** 3.72 M Development 17-Oct-13 Chong Thim
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    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,379 13,379 59,374 59,374 Manufacturing 223,242 73,939 297,181 92,465 11,226 103,690 Commerce 131,187 153,982 285,169 77,091 7,092 84,183 Tpt/Stor/Comms 69,645 16,838 86,483 125,396 7,622 133,017 Finance 215,982 292 216,274 163,646 103 163,749 Construction 43,352 119,284
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  • MARKETS
    • 94 25 Oct 17 COCOA (£/tonne) Close Prev High Low Dec 13 1768 1775 1778 1763 Mar 14 1758 1764 1767 1752 May 14 1751 1759 1762 1746 Jul 14 1746 1754 1758 1742 COFFEE(US$/tonne) Close Prev High Low Nov 13 1639 1655 1667 1617 Jan 14 1633 1648 1659 1613
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    • 67 25 Oct 18 GOLD(US$/oz) Oct 17 Oct 18 Hong Kong 1310.00 1326.00 Oct 16 Oct 17 London 1271.25 1319.10 1271.95 1319.97 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 27.59 26.83 Source: UOB PLATINUM Lon (US$/oz) Oct 17 Close Previous PM Fix 1420.00 1392.00 AM Fix 1412.00 1384.00 Source:
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    • 57 25 Oct 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2392.0 2392.0 2395.0 2374.0 250 8660 Dec 13 2398.0 2399.0 2401.0 2375.0 4923 ***** Jan 14 2400.0 2401.0 2404.0 2378.0 ***** ***** Feb 14 2406.0 2403.0
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    • 86 25 Oct 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****N 21-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-16 101.86 5-Year N*****0T 0.5 01-Apr-18 98.59 98.75 98.73 10-Year NX*****H
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    • 155 25 Oct 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1924 1.1939 0.9635 0.9640 Canadian dollar 1.2017 1.2034 0.9716 0.9710 Euro 1.6933 1.6948 1.3682 1.3684 NZ dollar 1.0487 1.0502 0.8474 0.8480 Sterling pound 2.0023 2.0041 1.6179 1.6182
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    • 118 25 Oct 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.221 1.163 Can dollar 1.227 1.180 Euro 1.734 1.652 Sterling pound 2.040 1.962 NZ dollar 1.075 1.034 US dollar 1.265 1.205 Local dollars to 100 units of foreign currency: Currencies Sell
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    • 105 25 Oct 17 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 13 1293.25 1276.50 1296.00 1274.75 Jan 14 1289.50 1274.75 1292.25 1272.25 Mar 14 1273.25 1263.25 1276.50 1260.00 May 14 1257.75 1248.75 1260.00 1246.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 13 41.12 41.37 41.84
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    • STOCK MARKETS
      • 20 25 YTD change: +0.82% 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
      • 20 25 YTD change: +3.02% 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
      • 21 25 YTD change: -3.32% 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
        19 25 YTD change: +40.08% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,619.45 on Nov 13,2012 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • 27 25 YTD change: +17.30% 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  -  27 words
    • 68 25 Oct 17 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.37 -1.28 WTI (Near Mth) 100.69 -1.58 Dubai (1-Mth F) 106.70 0.37 Tapis blend 118.69 0.52 Minas 109.69 0.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.39 1.20 Jet Kerosene 124.68 0.53 US$/barrel OpecOil Basket Price 107.02
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    • 72 25 Oct 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1804.00 1809.00 3 months 1850.00 1856.00 Copper, Grade A (US$/tonne) Cash 7205.00 7236.50 3 months 7230.00 7260.00 Lead (US$/tonne) Cash 2152.50 2140.25 3 months 2176.00 2164.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Oct 17 Index Change Change Change Change Change Change World Preliminary 1121.3 0.2 19.5 0.5 20.1 0.8 18.2 EAFE Preliminary 919.2 0.2 18.7 1.1 18.0 1.5 16.2 Europe Preliminary 1311.7 0.1 14.3
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  • PERSPECTIVE
    • 1047 26 / 27  -  Since the global economic crisis began in 2008, Italy’s GDP has fallen by about 8% and nearly a million workers have lost their jobs. By Federico Fubini By Federico Fubini Federico Fubini is a financial columnist and the author of Noi siamo la
      Project Syndicate; PHOTO: REUTERS  -  1,047 words
  • Page 26 / 27 Miscellaneous
    • 317 26 / 27 SATURDAY with Ludwig ‘I don’t know much about modern art but I know what I like CRYPTIC CROSSWORD Across 1 Would it take another like him to be of one mind? (7) 5 Hire one to play the female lead (7) 9 Fit girl given body-building exercises (5) 10 Right
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  • Wealth
    • WEALTH INVESTING
      • 1116 28 / 29  -  There is an information gap on issues surrounding family wealth and how it can be preserved, says wealth adviser and author Genevieve Cua gen@sph.com.sg Personal Finance Editor SINCE the 2008 financial crisis, wealth owners have come to associate risk with volatility. Yet,
        PHOTO: YEN MENG JIIN  -  1,116 words
      • 711 28 / 29  -  Compiled by Teh Shi Ning Keppel Corporation Accumulate Phillip Securities Research, Oct 18 Close: $10.87 KEPPEL Corp reported a steady Q3 2013 results with revenue of $2.9 billion (-8 per cent y-o-y, -4 per cent q-o-q) and net profit (excluding exceptional items) of $403 million (+20 per cent
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    • WEALTH REAL ESTATE
      • 880 30 Average revenue per room has fallen to a three-year low, according to Europe’s largest hotel operator Bloomberg Mumbai A SUPPLY glut in India’s hotel market is preventing an industry revival in the country after average revenue per room fell to a three-year low,
        Bloomberg; FILE PHOTO  -  880 words
      • 188 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 18 AND SEPT 24, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 10 NON-LANDED Rv Residences Apt 18/09/2013 999 420 856 2039 Rv Residences Apt 18/09/2013 999 420
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      • 286 31  -  Somerset Grand Fortune Garden residences sale price estimated at $1 28m By Mindy Tan tanmindy@sph.com.sg Singapore ASCOTT Residence Trust (Ascott Reit) is selling 81 units of its serviced residence property, Somerset Grand Fortune Garden. The sale, which is being undertaken by its
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      • 495 31 Bloomberg Shanghai CHINA’S home sales jumped 34 per cent last month from the previous month, as the government refrained from adding to property curbs, emboldening buyers. The value of homes sold climbed to 691.1 billion yuan (S$ 140.28 billion) last month
        Bloomberg  -  495 words
      • 625 31 Bloomberg Boston HOME flipping, in which a buyer quickly resells a property for a profit, is becoming more popular for high-end houses in the US as deals for cheaper residences slow. There were 968 single-family houses priced at US$750,000 or more that were sold
        Bloomberg; PHOTO: BLOOMBERG  -  625 words



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    • 104 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIGUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI-DIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE ELEGANCE OF
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    • 57 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 19 20 2013 DINING Into the white truffle season L5 PEDAL POP Bicycles with a strong focus on aesthetics and design L2-4 WATCHES Shock value L11 PHOTO: AOI CYCLE/CREED CYCLE DESIGN Storeyed past L12 MOTORING Uprated sports models L14-15 SPORTS Cannavaro’s in a league of
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  • BT Living
    • LIVING
      • Article, Illustration
        2344 2 / 3  -  With a strong focus on aesthetics and design, some shops have bicycles so good looking, hipsters would approve. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg Creed Cycle 20 Waringin Park www.creedcycle.com WITH its dark wood flooring and benches shaped out of wall tiles, Creed Cycle is
        PHOTOS: CREED CYCLE; PHOTOS: STYLE BICYCLES ASIA; PHOTOS: THE GENTLEMEN'S VINTAGE; PHOTO: JOSEPH NAIR  -  2,344 words
    • DINING
      • 675 5  -  It’s off to a promising start this year for those in the truffle business and restaurants are bringing in more this year to meet growing demand. By Rachel Loi By Rachel Loi WHITE truffle season is back again, but this time, things are
        PHOTO: LES AMIS RESTAURANT  -  675 words
      • 631 5  -  By Rachel Loi rachloi@sph.com.sg Garibaldi Italian Restaurant Bar 36 Purvis Street, #01-02 Z6838 1468 FOR the last four years, Garibaldi has brought in two Italian chefs Riccardo Genovesi and Stefano Savio, to do a special menu in honour of truffle season. But this year, on the
        631 words
      • 1297 6 / 7  -  DAVID YIP looks at where Chinese cuisine stands in the food trend-obsessed present, and where it’s headed DAVID YIP THE French had their bistronomy movement. The Spanish went molecular. The Scandinavians made locavorism cool, and America went Californian. The Japanese took everybody’s style and did it a lot
        PHOTOS: MARK ONG, CHEN ZHAO LIN, QU HAO, MY HUMBLE HOUSE  -  1,297 words
    • TRAVEL
      • Article, Illustration
        1559 8 / 9  -  As the most liveable city on earth, Copenhagen offers many sights and sounds for the visitor to explore. By Jaime By Jaime Ee jaime@sph.com.sg ~The writer was a guest of Wonderful Copenhagen and Singapore Airlines. SIA flies five times weekly non-stop to Copenhagen. SO here’s the thing: if
        1,559 words
      • 973 10  -  Jaegersborggade is no longer a favourite haunt for biker gangs and drug dealers, as foodie gangs have taken over the street. By Geoffrey Eu By Geoffrey Eu WHEN Christian Puglisi and Kim Rossen decided to open a restaurant in Copenhagen a few years ago,
        PHOTOS: GEOFFREY EU  -  973 words
    • WATCHES
      • Article, Illustration
        867 11  -  The father of G-Shock, Kikuo Ibe, revolutionised the world of digital watches. By Dylan Tan By Dylan Tan dylantan@sph.com.sg KIKUO Ibe, inventor of the iconic Casio range of G-Shock timpieces, looks amused when told his biggest fan in Singapore has about 600 different models and variations of the
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    • DESIGN
      • Article, Illustration
        973 12  -  Architect Ben van Berkel’s openness and ‘can do’ stance towards rules and regulations makes him a go-to guy for his clients. By Tay Suan Chiang taysc@sph.com.sg DUTCH architect Ben van Berkel is on a roll. His firm, UNStudio, recently completed Ardmore Residence, its first project in Singapore. Three
        PHOTOS: PONTIAC LAND, KIM YONG-KWAN, UNSTUDIO  -  973 words
    • HEALTH
      • 1234 13  -  There is real concern when considering expanding their use to patients who are well Michael Lim ~Statins and brand names: pravastatin (Pravachol), simvastatin (Zocor), atorvastatin (Lipitor), rosuvastatin (Crestor) ~This is the second of two parts on cholesterol-lowering medications ~Dr Lim is medical director at
        PHOTO: AFP  -  1,234 words
    • MOTORING
      • Article, Illustration
        686 14  -  The BMW M5 Competition Package is a track-focused option that upgrades the power and handling of a standard M5. By Samuel Ee Fast is usually never fast enough, as these two uprated sports models bear testimony By Samuel Ee samuelee@sph.com.sg ON paper, the BMW M5 Competition Package has
        686 words
      • 664 15  -  The Ferrari 458 Speciale is a more extreme but still street-legal version of the successful 458 Italia. By Samuel Ee samuelee@sph.com.sg LIKE the Ferrari 458 but find the Italia a bit docile and the track-only Challenge not quite your cup of cappuccino? How about the 458
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    • SPORTS
      • 1034 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent HE retired from playing the Beautiful Game a little over two years ago as injuries finally took their toll on his battered body. But even if there were some miracle elixir out there that could turn
        PHOTO: ASIA-PACIFIC BREWERIES, SINGAPORE, BLOOMBERG  -  1,034 words

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    • 979 4 wine& dine with BTWeekend Peach Blossoms Marina Mandarin Singapore, Level 5 6 Raffles Boulevard Sweetness of Hairy Crabs at Peach Blossoms Oct 15 to Nov 31 The season of indulging in hairy crab delicacies is upon us again and Peach Blossoms presents them in more flavourful ways such as Steamed
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