The Business Times, 13 September 2014

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Microfilm: NL33242
Total Pages: 39
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 13-14, 2014 S$1.00 MCI (P) 052/08/2014 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon $ingapore Grand Prix: a costly affair
    940 1  -  Watching rubber get scorched on the track in this city burns a rather big hole in F1 spectators’ pockets, says TripAdvisor By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore AS RACING spectators fill the Grandstand and hobnob at the Pit next weekend, they can contemplate how
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  • Article
    Lock icon Singapore Causeway toll charges to be raised from Oct 1
    607 1  -  Drivers of taxis and buses will pay about five times more in toll charges when leaving and entering S’pore By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore GET ready to pay more when driving to Malaysia and back via the Causeway from
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      66 1 the business www. usinesstimes.com. MOTORING BMW X4 hits the spot L14 THE RAFFLES CONVERSATION “To me, work ethic is very important. Work comes first it just has to be that way. I suppose young people will now look back on (my) l ife, and think: ‘Oh, that’s not very balanced!’”
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    • Advertisement
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      19 1 COMPANIES SingTel promotes Allen Lew to lead Optus 10 WEALTH Lessons from economic bubbles| 28-29 LIVING House style L2-5
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  • TOP STORIES
    • Article, Illustration
      Lock icon Ferrari plans to boost production to keep up with the Super Rich
      495 2 New chairman doesn’t want long waiting list, targets annual sales of 10,000 cars Bloomberg Milan FERRARI will churn out more cars than previously planned after Sergio Marchionne, chief executive officer of parent Fiat SpA, takes the top job
      Bloomberg; PHOTO: REUTERS  -  495 words
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,345.55 (-1.73) HSTI FUTURES 3,346.00 (-2.00) GSIMSCI 377.78 (+0.65) GSIMSCI FUTURES 378.00 (+1.10) STOCKS Friday Change KL COMP 1,855.64 -10.47 NIKKEI 225 15,948.29 +39.09 HANG SENG 24,595.32 -67.32 SET 1,581.36 +0.49 JAKARTA 5,143.71 +10.68 MANILA 7,201.88 -0.18 KOSPI 2,041.86 +7.70 SHENZHEN B 973.20 +2.26 MUMBAI IND 27,061.04 +65.17
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.083 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.263 (US$/S$ per 1.625 2.053 EURO (US$/S$/€ 1.293 1.633 Foreign currency per US$ S$ YEN 107.20 84.90 RM 3.194 2.528 HK$ 7.751 6.136 BAHT 32.19 25.48 RUPIAH 11,818 9,355 RENMINBI 6.135 4.856 INDIAN RUPEE 60.78 48.11 A$ 1.104 0.874 NZ$ 1.222 0.967
        49 words
    • Article, Illustration
      Lock icon Guangzhou Knowledge City sets model for Singapore-China projects: PM Lee
      631 4  -  He says private sector should take lead and market decide demand for products By Chuang Peck Ming peckming@sph.com.sg Guangzhou THE Sino-Singapore Guangzhou Knowledge City project, which is led by the private sector and is government-backed, will be one good model
      PHOTO: LIANHE ZAOBAO  -  631 words
    • Article
      Lock icon Halal wine with gold flecks
      415 4 Dubai springs a new surprise with sparkling wines without alcohol Reu ters Dubai DUBAI built the world’s tallest building, put a ski slope inside and gave its cops a Lamborghini for a police car. Where else would you sell a US$150 bottle of “halal” non-alcoholic
      Reuters  -  415 words
    • Article, Illustration
      Lock icon Formula Evolved
      321 7 BT Infographics As the nation revs up for the Singapore Grand Prix next weekend, a quieter, cleaner, and greener race known as Formula E kicks off on Saturday in Beijing. Backed by governing body FIA (which also oversees the Formula One race), the inaugural single-seat-er championship is the
      Source: www.fiaformulae.com, www.formula1.com BT Graphics: Simon Ang, Kelly Tay, Weatherly Tan and Ludwig Ilio  -  321 words
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      50 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Design L2-5 Dining L6-7 Style L8-9 Wellness L10-11 BT Wine Challenge L12-13 Motoring L14-15 BT Corporate Golf L16 Real Estate 31
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      39 3 CELEBRATING 25 YEARS OF PLEASURE c r\ /VI L i < > S' Hi, 'f Wi r r%M L 5' O o i > > P < > V A h l' x > i > x LIMITED EDITION WITH MARC DE CHAMPAGNE r For pleasure seekers
      39 words
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      109 5 THE ISRAEL PHILHARMONIC ORCHESTRA MAESTRO ZUBIN MEHTA MUSIC DIRECTOR Vivaldi Concerto in B minor Mozart Symphony No 36 Tchaikovsky Symphony No 5 i 2hrs, inclusive of a 30mm intermission u f > ~*1 In Celebration of r i V ONE NIGHT ONLY 11 NOVEMBER 2014, TUESDAY, 7.30PM TICKETS AVAILABLE FROM
      109 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Her life’s work
      2165 8 / 9  -  Work always comes first for Hong Kong’s first woman lawmaker Selina Chow, whose long and varied career has gone from broadcasting to politics and most recently, rejuvenating the storied Larry Jewelry brand. By Kelly Tay kellytay@sph.com.sg @KellyTayBT GOOGLE the name Selina Chow, and you’ll find a personal
      PHOTO: YEN MENG JIIN  -  2,165 words
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  • COMPANIES
    • Article, Illustration
      Lock icon SingTel promotes Allen Lew to lead Optus
      864 10  -  It’s a return to familiar territory for him, having led Optus’s consumer and mobile businesses from 2001 to 2006 By Angela Tan angelat@sph.com.sg Singapore AFTER searching globally for almost a year for a new chief executive for its Australian unit Optus, parent SingTel
      ST FILE PHOTO; Source: SingTel; Source: Bloomberg  -  864 words
    • Article
      Lock icon Eratat seeks investigation details from China watchdog
      340 12  -  Probe involves forged bank confirmation linked to the company’s main subsidiary By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ERATAT Lifestyle said on Friday that it has requested for more details on the investigations led by the China Banking Regulatory Commission (CBRC), which last month
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    • Article
      Lock icon Better sales, lower costs boost Popular’s Q1 profit
      349 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BETTER sales and lower operating expenses helped boost Popular Holdings’ first-quarter net profit by 76.8 per cent to S$9.4 million for the three months ended July 31, 2014. “Other operating expenses (aside from administrative, distribution and
      349 words
    • Article
      Lock icon Fuji Offset responds to SGX trading query
      174 12  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FUJI Offset Plates Manufacturing Ltd on Friday said it was currently in commercial discussions on a potential acquisition of assets. The company was responding to a trading query from the Singapore Exchange on Friday. “The company is
      174 words
    • Article
      Lock icon Viva prices S$100m of bonds at the rich end of price talk
      225 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore VIVA Industrial Trust sold S$100 million of four-year notes at the rich end of price talk on Friday with its debt offering subscribed 10 times. The senior unsecured notes were sold at
      225 words
    • Article, Illustration
      Lock icon STI up 4 points in a forgettable week
      663 13  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE local stock market this week was unable to shake off the stupor that has enshrouded it for many months now, with daily volume regularly dipping below the S$1 billion mark, with retail presence almost
      663 words
    • Article
      Lock icon STI STOCKS
      117 13 Stock name Close Change Ascendas Reit 2.360 CapitaLand 3.290 +0.010 CapitaMall Trust 1.995 +0.005 CityDev 9.860 +0.010 ComfortDelGro 2.520 -0.030 DBS Grp 18.52 +0.140 Genting Sing 1.170 -0.020 Global Logistic 2.870 +0.020 Golden Agri-Res 0.505 HPH Trust USD 0.710 HongkongLand USD 6.890 -0.030 JMH 400 USD 62.03 -0.570
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    • Article
      Lock icon Del Monte Pacific continues to be weighed down by acquisition
      554 13  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES for Del Monte Pacific fell 0.5 cent to S$0.525 on Friday, after the firm revealed that the acquisition of US food company Del Monte Foods Inc (DMFI) continued to drag down its results.
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    • Article
      Lock icon TOP 20 ACTIVES
      209 13 VOL CLOSE APAC Strategic 66,762 5.6 0 0 0 0 Mirach Energy 54,918 1 7.6 0 5 2 9 S i ngapore eDev 54,139 0.3 0 0 0 0 Rex I nt l 33,819 67 0 5 0 8 Genting Sing 33,310 1 17 2 0 1
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    • Article
      Lock icon TOP GAINERS
      65 13 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 75.8 0.3 DBXT iBoxxKR 5US$ ***** 61.9 0.3 DBXT MSKorea 10US$ 6339 41.7 0.5 SPDR DJIA 10US$ ***** 24.0 0.1 DBXT MSUSA 10US$ 5023 20.2 0.3 Great Eastern 2304 16.0 0.7 DBXT AUDCS 5AU$ ***** 14.9 0.1 DBS Grp
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    • Article
      Lock icon TOP LOSERS
      65 13 BY CENTS CLOSEDOWN DBXT AUDCS 5SG$ ***** -219.0 -0.9 DBXT AUDCS 5US$ ***** -209.6 -0.8 DBXT USDIGInfl 5US$ ***** -166.7 -0.5 GLD 10US$ ***** -151.5 -1.0 DBXT iBoxxSvEu 5US$ ***** -118.7 -0.3 JMH 400 USD 6203 -72.0 -0.9 DBXT iBoxxUSTr 5US$ ***** -69.5 -0.3 DBXT MSAsExJp 10US$ 3738
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    • Article
      Lock icon IHH buys Fortis’ diagnostic chain
      248 14  -  S$1 37m deal for RadLink-Asia won’t have material impact on IHH’s earnings, assets for 201 4 By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore IHH Healthcare Bhd said a subsidiary has bought all of outpatient diagnostic chain RadLinkAsia for S$137 million in cash from Fortis Healthcare Singapore.
      248 words
    • Article, Illustration
      Lock icon DBS and UOB to join OCBC in Baby Bonus Scheme from Q2 2015
      520 14  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE more the merrier that’s always the case when it comes to the Baby Bonus Scheme. DBS and UOB will join OCBC in providing Child Development Account (CDA) services from the
      FILE PHOTO  -  520 words
    • Business briefing
      • Article
        Lock icon China FlexPack back in the black for Q3
        80 14 CHINA Flexible Packaging Holdings swung to a 15.4 million yuan (S$3.17 million) profit for the third fiscal quarter ended July 31 from a year-ago loss of 92.9 million yuan, the maker of packaging films’ first profitable quarter since 2012. The turnaround was
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      • Article
        Lock icon Pan Ocean to sell stake in ship finance bank
        120 14 PAN Ocean said on Friday it would sell its near 85 per cent stake in Heungkuk Mutual Saving Bank for 2.2 billion won (S$2.7 million) to Investor United Inc. The company said this followed a breakdown in negotiations with Hankuk Steel
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    • Article
      Lock icon Asian bond sales hit new high even before year is out
      246 14 IFR Singapore WITH more than a quarter of 2014 remaining, Asian issuers have already sold more bonds in dollars, euros and yen this year than ever before, taking advantage of easy monetary policies to lock in financing at low
      IFR  -  246 words
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      59 10 New Improved: STJobs.sg Tailor your STJobs homepage for a personalised experience. '"T"I II, T I I I""I" I T"T I T"T"T 'T Have you seen the new site? STJobs has improved the way you search for jobs online complete with a brand new look. Visit our new site at STJobs.sg
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      44 11 Our Heartiest Congratulations to 1 Mr Ng Gim Bee Chairman of Swee Choon Company Pte Ltd On being conferred the PINGAT BAKTI MASYARAKAT (PBM) By His Excellency The President of The Republic of Singapore f r c A k From: The Management Staff of
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      491 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And In the Matter of ODIM MARINE SERVICES PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No.: *****5724N) Extract of minutes of the Extraordinary General Meeting of member of Odim Marine Services Pte. Ltd. deemed held on 4 September 2014. It
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  • Page 14 Advertisements
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      209 14 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF AUDIQUATTRO PRIVATE LIMITED Co. Registration No. *****9971E (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
      209 words
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  • SINGAPORE
    • Article
      Lock icon SMRT, e2i to give careers in bus sector a boost
      339 15  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT SMRT Corp and the Employment and Employability Institute (e2i) have signed a memorandum to transform the professionalism and career prospects of the bus industry. A landmark project will be a Bus Career Development Centre at
      339 words
    • Article, Illustration
      Lock icon Legal community urged to cater to needs of financial institutions
      498 15  -  New NUS centre will contribute to development of better laws and regulation: Shanmugam By Claire Huang huangjy@sph.com.sg @ClaireHuangBT IT is very important for Singapore’s legal sector to be able to cater to the needs of banks and financial institutions as
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    • Article
      Lock icon SMU unit gets another research grant from Deloitte
      268 15  -  By Jan Lee janlee@sph.com.sg SINGAPORE Management University’s Business Families Institute (BFI SMU) on Friday announced that it has received another research grant from Deloitte Southeast Asia, a provider of audit, tax, consulting and financial advisory services. This is the second research grant
      268 words
    • Article
      Lock icon Customers less happy with transport sector
      543 16  -  In the ISES survey of eight sub-sectors within the industry, six register year-on-year decline By Cai Yong caiyong@sph.com.sg CUSTOMER satisfaction in the transport and logistics sector has fallen over the year, with the airport, MRT, taxi and full-service airline sub-sectors registering the biggest declines.
      543 words
    • Article, Illustration
      Lock icon Mooncake and lantern delights for both seniors and juniors
      292 16  -  By Arthur Lee arthurl@sph.com.sg A GROUP of 20 elderly clients of the Asian Women’s Welfare Association (AWWA) celebrated the annual Mid-Autumn Festival by learning how to make mooncakes at the Baking Industry Training Centre (BITC) on Monday. They were assisted by
      PHOTOS: ARTHUR LEE, UOB  -  292 words
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      Lock icon Page 15 Advertisements Column 1
      66 15 FH Commercial Shop House Land 1,670 sq ft Land 2,200 sq ft Rebuild Plot Ratio Foreigner Eligible Built: 2,500 sq ft $4.5M Built: 4,000 sq ft $6.0M 3.0 D1 r I 3 5 J rr t A JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D
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  • WORLD
    • Article, Illustration
      Lock icon Yahoo threatened by US govt with US$250,000-a-day fine
      844 17 It had to comply with secret court order to turn over foreign customers’ data NYT Washington THE federal government was so determined to collect the Internet communications of foreign Yahoo customers in 2008 that it threatened the company with fines of US$250,000
      NYT; PHOTO: BLOOMBERG  -  844 words
    • Article
      Lock icon Samsung to set up US$1,4b household utensils plant in Vietnam
      293 17 Xinhua Ho Chi Minh City SOUTH Korea’s Samsung Group will invest US$1.4 billion to build a factory at the Saigon High-Tech Park (SHTP) here to make electronic household utensils, local online Thanh nien (Youth) newspaper reported on Friday. The project
      Xinhua  -  293 words
    • Article
      Lock icon August sales of video games in US up 8% on console demand
      253 17 Bloomberg New York US sales of video-game products rose 8 per cent in August as shipments of new-generation consoles more than doubled, outweighing a decline in software. Sony Corp said its player led for an eighth straight month.
      Bloomberg  -  253 words
    • Article, Illustration
      Lock icon Big banks in Europe back in expansion mode for first half
      825 18 But profitability still below target and loan losses remain a burden as assets rise Reuters [LONDON] Europe’s big banks returned to growth mode for the first half of this year, expanding their books by 530 million euros (S$865 million),
      Reuters; PHOTO: BLOOMBERG  -  825 words
    • Article
      Lock icon China credit gauge misses estimate as growth risks rise
      517 18 August’s aggregate financing lowest for the month since 2009 Bloomb erg [BEIJING] China’s broadest measure of new credit trailed analyst estimates in August, adding to the government’s challenge to meet its economic-growth target amid a slumping property market and a pullback
      Bloomberg  -  517 words
    • Article, Illustration
      Lock icon Sans Scotland, Britain could be out of EU
      784 19 Finance sector, businesses fear loss of ‘gateway to Europe’ status with a Brexit NYT London TREMORS over a possible breakup of the United Kingdom have been felt here in recent days, as markets gyrate and banks make contingency plans. Yet as Scotland
      NYT; PHOTO: REUTERS  -  784 words
    • Article
      Lock icon Julius Baer to exclusively sponsor Formula E series
      188 19 Reuters Zurich SWISS private bank Julius Baer said on Friday it would invest a single-digit million euro sum to be the exclusive global sponsor for the world’s first all-electric car racing series. Formula E is being angled towards a younger audience than
      Reuters  -  188 words
    • Article
      Lock icon Thai small-cap bourse sees IPO surge on record valuations
      405 19 Bloomberg [BANGKOK] Thailand’s Market for Alternative Investment is predicting a 33 per cent increase in the number of initial public offerings this year after valuations on the small-cap bourse climbed to a record versus larger peers. The exchange estimates a total
      Bloomberg  -  405 words
    • Article
      Lock icon August retail sales up 0.6%
      412 20 Figures, including previous months’ upward revisions, boost prospects for Q3 growth LATEST US DATA Bloomberg Washington SALES at retailers climbed in August at the fastest pace in four months and prior readings were revised up, boosting prospects for US economic growth this quarter. The 0.6
      Bloomberg  -  412 words
    • Article, Illustration
      Lock icon China’s Fosun launches counter offer for Club Med
      511 20 Reuters Paris CHINESE conglomerate Fosun launched a last-minute counter offer for holiday group Club Mediterranee on Friday, outbidding Italian tycoon Andrea Bonomi hours before the deadline on a takeover saga that dates back to May last year. Fosun’s 22-euro a share bid
      Reuters; PHOTO: REUTERS  -  511 words
    • Briefing
      • Article
        Lock icon Scotland faces domain name choice
        91 20 Bloomberg London Scotland has plenty to sort out as its people vote on their future. Now there may be another thorny problem from the world of technology. At present, Scotland has the right to use “.UK” as its top level domain. Should it decide to
        Bloomberg  -  91 words
      • Article
        Lock icon Jakarta smelters holding out for premiums to LME
        113 20 Bloomberg Jakarta Tin producers in Indonesia are holding out for sales of the metal above the benchmark spot rate in London to try to counter a decline in prices to the lowest level in more than a year. Smelter members on the
        Bloomberg  -  113 words
      • Article
        Lock icon Pistorius convicted of manslaughter
        110 20 Bloomberg AFP Pretoria Oscar Pistorius, the Paralympic gold medalist, was freed on bail after he was convicted of manslaughter for killing his girlfriend Reeva Steenkamp and of firing a gun in a crowded restaurant. Judge Thokozile Masipa extended his bail of US$$91,000 at the High Court
        Bloomberg; AFP  -  110 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8171 21 Transaction date: Sep 12 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 13 10.4 8Telecom 13 +1.5 21 13 10.9 11.1 12.9 6.3 0.9 16.9 62.3 16.4 7.8 A-Sonic Aero 7.9 -0.4 132
      8,171 words
    • Article
      Lock icon SGX CATALIST
      2131 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 $mil 33 25 t 3Cnergy 500 33 +3.5 6 33 29 31.5 33 39.6 43.5 22 t 800 Super 41.5 +2 1005 41.5 39.5 41 41.5
      2,131 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 6 0 0 0 4 5 6 Manufacturing 59 32 49 9 9 11 68 41 60 Commerce 9 25 25 8 4 3 17 29 28 Tpt/Stor/Comms 10 13 19
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      783 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 8 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Environment 10-Sep-14 Huang Min Buy 343 0.21 1477 0.20 1820 0.25 Eastern Hldgs 10-Sep-14 Stephen Tay
      783 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,176 13,176 52,804 52,804 Manufacturing 168,984 52,692 221,676 92,024 3,231 95,255 Commerce 61,581 56,966 118,547 51,887 3,189 55,077 Tpt/Stor/Comms 55,801 3,306 59,107 87,134 622 87,755 Finance 17,675 156 17,831 165,871 41 165,913 Construction 39,296 70,065
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Sep 11 COCOA (£/tonne) Close Prev High Low Sep 14 2016 2027 2025 2010 Dec 14 1969 1988 1984 1965 Mar 15 1939 1961 1957 1936 May 15 1929 1951 1947 1926 COFFEE(US$/tonne) Close Prev High Low Sep 14 1970 1996 1995 1975 Nov 14 1988 2018 2012 1979
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    • Article
      Lock icon METALS
      65 25 Sep 12 GOLD mJ5S/cizi Sep Sap 11 Hong Kon^ 1242.*****3.00 Sep 11 Sap 10 London 123S.S8124S.54 1234.*****8145 Source: Thomson Reuters SILVER Sullrng i j *s»bwlc i or 21 99 23,71 Source: UOB PLATINUM 4. or fyJGSfpft ssp 11 Close »T«VfOU!» MM ►-lx i37aoo imoo AM Foe 1377,*****5.00 Source: LPPM
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Sep 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.176 1.120 Can dollar 1.166 1.122 Euro 1.671 1.592 Sterling pound 2.091 2.011 NZ dollar 1.058 1.018 US dollar 1.290 1.229 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        21 25 YTD change: +5.62% 52-week high: 3,387.84 on July 31, 2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: +5.53% 52-week high: 25,362.98 on Sept 4,2014 52-week low: 21,137.61 on March 20,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: +10.21% 52-week high: 2,343.59 on Sept 11,2014 52-week low: 1,974.38 on March 12,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -2.11% 52-week high: 16,320.22 on Dec 30,2013 52-week low: 13,748.94 on Aug 30,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: +2.85% 52-week high: 17,161.55 on Sept 4,2014 52-week low: 14,719.43 on Oct 9,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon PALM OIL
      60 25 Sep 12 K.LCE PALM FUTURES (RM/MT) OfiWit'ly V'T* 4v /?.iogi. P/irt- Stkii •Wi Jn»v MV' firm ■flcsfTi r-f' StT i4 'J l lu 3M0 JI23J0 *111,0 ■»fe 1140 Of H > T 'HU .’icijn :--ei7iin iyi>, 1 jRW Mov 14 poisui .■ftjKO .fw^.ci aisi.u liQM j€4*0 0* »S
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 25 Sep 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.21 5-Year NX*****W 2.5 01-Jun-19 104.39 104.60 104.60 10-Year NY*****H 3.000 01-Sep-24 104.4 104.73
      80 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Sep 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1438 1.1453 0.9058 0.9063 Canadian dollar 1.1431 1.1443 0.9056 0.9052 Euro 1.6325 1.6338 1.2928 1.2929 NZ dollar 1.0337 1.0346 0.8186 0.8187 Sterling pound 2.0524 2.0541 1.6253 1.6255
      155 words
    • Article
      Lock icon CHICAGO BOT
      105 25 Sep 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 14 1061.50 1071.00 1071.00 1045.00 Nov 14 981.50 993.75 995.00 969.50 Jan 15 988.25 1000.25 1001.25 976.75 Mar 15 993.75 1005.75 1007.00 982.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 14 31.44 31.58 31.68
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      Lock icon OIL
      68 25 Sep 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 98.15 -0.25 WTI (Near Mth) 93.08 1.38 Dubai (1-Mth F) 96.32 -1.58 Tapis blend 99.13 -1.91 Minas 94.63 -1.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.39 -1.67 Jet Kerosene 111.94 -1.60 US$/barrel OpecOil Basket Price 95.35
      68 words
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      Lock icon LONDON METALS
      72 25 Sep 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2002.75 2019.75 3 months 2040.00 2059.00 Copper, Grade A (US$/tonne) Cash 6860.00 6893.75 3 months 6835.00 6870.00 Lead (US$/tonne) Cash 2106.50 2100.00 3 months 2118.00 2115.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL IHT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 11 Index Change Change Change Change Change Change World Preliminary 1255.5 -0.1 6.0 -0.2 4.4 -0.1 4.4 EAFE Preliminary 983.8 -0.1 2.9 0.0 -0.6 0.0 -0.6 Europe Preliminary 1402.5 -0.2 3.5
      373 words
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  • PERSPECTIVE
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      Lock icon The reluctant leader
      867 26 / 27  -  The Middle East presents Obama with one of the sternest test of his leadership skills. By David Brooks NYT MOSES, famously, tried to get out of it. When God called on him to lead the Israelites, Moses threw up a flurry of reasons he was the wrong
      NYT; PHOTO: REUTERS  -  867 words
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      Lock icon Scottish vote: Better the Devil you know?
      840 26 / 27  -  By David Mason ~The writer, a business communications consultant in the UK, was a Price Waterhouse Singapore partner for 18 years in the 1980s and 1990s I AM a member of the Scottish diaspora. My tribe hailed from the northwest of Scotland find
      PHOTO: AFP  -  840 words
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      326 26 / 27 CRYPTIC CROSSWORD Across 1 Knocked back excess fare (7) 9 Remove article from newspaper perhaps. That’s enough! (3,2,3) 10 Take a chance, about to take a chance with beef (7) 11 Painter, one of note? (8) 12 Space dust? (6) 13 As a nun, banished for not working? (3,2,5) 15
      326 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Lessons from economic bubbles
        1188 28 / 29  -  Cautiousness has caused the US Federal Reserve to reinforce investor complacency and recklessness. By Jesse Eisinger By Jesse Eisinger NYT New York CENTRAL bankers have been attacked, justifiably, for having done little to quash the great credit bubble that led to the 2008 financial crisis. They
        NYT; PHOTO: AFP  -  1,188 words
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        Lock icon BROKER'S TAKE
        727 28 / 29  -  Compiled by Joyce Hooi Keppel Land Buy OCBC Investment Research Sept 12 Close: S$3.46 HIGHLINE Residences expected to start sales this weekend. From our channel checks, Keppel Land (KPLD) is expected to begin sales this weekend at its 500-unit condominium project, Highline Residences, located near Tiong Bahru MRT
        727 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1139 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 30 AND AUG 5, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Ascentia Sky Apt 01/08/2014 99 958 1668 1741 Commonwealth Twr Apt 30/07/2014 99 700
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        Lock icon Vancouver prime property market sizzles, thanks to China cash
        922 31 But side-effects felt from latest wave linked to Beijing’s anti-graft crackdown Reuters Vancouver CHINESE investors’ global hunt for prime real estate is helping drive Vancouver home prices to record highs and the city, long among top destinations for wealthy mainland buyers,
        Reuters; PHOTOS: REUTERS  -  922 words
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      208 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENIA, A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE ENVI RONMENT A RARE SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE 1875, THE HOME OF
      208 words
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      59 1 DINING Appetising prospects L6-7 STYLE Past and present collide at NYFW L8-9 LivingBTTHE BUSINESS TIMES WEEKEND SEPTEMBER 13 14 2014 HOUSE STYLE New independent homeware and furniture retailers L2-5 PHOTO: STYLODECO WELLNESS Coco loco L10-11 MOTORING X hits the spot L14 BT CORPORATE GOLF LEAGUE Relishing the friendly competition L16
      59 words
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  • BT Living
    • DESIGN
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        Lock icon HOUSE STYLE
        3217 2 / 3  -  Shopping for furniture and homeware in Singapore just got more interesting, with several new independent retailers popping up. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg Chillax Market 200 Turf Club Road The Grandstand, #03-07 Opening in October. 9am to 8pm daily NEW happenings are abuzzing at
        3,217 words
    • DINING
      • Article, Illustration
        Lock icon Appetising prospects
        2628 6 / 7  -  Homegrown independent F&B outfits are taking their concepts overseas. Three of them tell BT Weekend why they’re taking the plunge into uncharted waters By Georgine Verano gverano@sph.com.sg By Cheah Ui-Hoon uihoon@sph.com.sg HIGH rentals and the manpower squeeze are long-running woes of Singapore restaurateurs just trying to stay in
        2,628 words
    • STYLE
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        Lock icon Past and present collide
        913 8 / 9  -  With the last day of fashion week falling on 9/11, Vanessa Friedman finds out how designers meld these two unconnected events into their works Vanessa Friedman forward.NYT New York THE fact that the final day of the New York collections also happened to be Sept 11
        forward.NYT; PHOTOS: REUTERS  -  913 words
    • WELLNESS
      • Article, Illustration
        Lock icon COCO LOCO
        1237 10 / 11  -  The coconut oil craze has gone mainstream, with Singapore entrepreneurs solidifying the trend. By May Yip By May Yip LONG part of Asian beauty and culinary traditions, coconut oil has in recent years become a health food fad, attracting new age-y celebrities like Gwyneth Paltrow and Shailene Woodley
        1,237 words
    • BT WINE CHALLENGE 2014
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        Lock icon Old World vs New charm
        1530 12 / 13  -  Three Pinot Noirs, three French classic reds and one Argentine Malbec make it to the top 30. By Suzanne Brocklehurst By Suzanne Brocklehurst THE submitted wines from Singapore’s wine merchants for the BT Wine Challenge 2014 were deftly culled to just 30 wines for the
        1,530 words
    • MOTORING
      • Article, Illustration
        Lock icon X HITS THE SPOT
        625 14  -  The BMW X4 is the ‘coupe’ version of the X3. By Samuel Ee samuelee@sph.com.sg HAVE you been intrigued by the concept of a sport-utili-ty vehicle with coupe styling? And if so, did you consider an X6 but got put off by its size and bot-tom-heavy aesthetics?
        625 words
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        Lock icon A HIPPER HYBRID
        707 15  -  The NX300h offers the familiar Lexus hybrid technology in an exciting new body. By Samuel Ee samuelee@sph.com.sg THE big news about the Lexus NX may be its uncharacteristic 2.0-litre turbocharged engine but, as expected, the familiar petrol-electric hybrid version of this new compact crossover remains the silken
        707 words
    • BT CORPORATE GOLF LEAGUE 2014
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        Lock icon Relishing the friendly competition
        1217 16  -  Four of the teams talk about their chances and their experiences ahead of the fifth round of the tournament. By Justine Moss THERE are only two rounds to go in this year’s Business Times Corporate Golf League, and 2012 and 2013 defending champions Team SunMoon have
        1,217 words
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      877 8 / 9 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore, Level 4 6 Raffles Boulevard Fuel up for Grand Prix at Marina Mandarin Race down to AquaMarine and revel in a tantalising spread on the buffet counters from 15 to 22 September. Savour Chef’s favourites such as Korean chicken shawarma as well as
      877 words
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      55 10 / 11 Preserving Health and Longevity HEART, STROKE CANCER CENTRE m Worried about Attack? Heart m V HEART, STROKE CANCER CENTRE 290 Orchard Road #09-23/27 Paragon (Lift Lobby C) Singapore *****9 Tel. (+65) 6881 8811 Fax. (+65) 6836 5705 Website: www.shsccentre.com Email: enquiry@shsccentre.com OPENING HOURS Monday to Friday 8.30 am 6.00 pm
      55 words
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