The Business Times, 16 September 2014

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Microfilm: NL33243
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Tuesday, eptember 16, 2014
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  • Article, Illustration
    Lock icon Developer sales fall 15% in August amid slow launches
    777 1  -  By LEE MEIXIAN By leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Developers’ residential sales continued to languish in August, falling 15 per cent to 432 homes sold as launches were delayed until after the Hungry Ghost Festival. This was the lowest number of new private
    Source: CBRE, URA  -  777 words
  • Article, Illustration
    Lock icon MOM reports more jobs, higher salaries for locals
    665 1  -  But Q2 productivity suffers retreat; foreign employment growth slows to just 3,800 By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The tight labour market in Singapore has resulted in more jobs and higher salaries for locals, while the growth in foreign worker employment fell
    Source: Ministry of Manpower  -  665 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,312.47 (-33.08) HST INDEX FUTURES 3,313.00 (-33.00) HSIMSCI 373.45 (-4.33) HSIMSCI FUTURES 373.10 (-4.90) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.625 2.055 EURO (US$/S$/€ 1.294 1.636 Foreign currency per US$ S$ YEN 107.30 84.90 RM 3.226 2.551 HK$ 7.751 6.129 BAHT 32.29 25.53 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Monday Change KL COMP 1,847.30 -8.34 NIKKEI 225 15,948.29 +39.09 HANG SENG 24,356.99 -238.33 SET INDEX 1,579.12 -2.24 JAKARTA COMP 5,144.90 +1.19 MANILA COMP 7,161.27 -40.61 SEOUL COMP 2,035.82 -6.04 SHENZHEN B 976.37 +3.17 MUMBAI IND 26,816.56 -244.48 12 noon EDT Change DOW 16,997.85 +10.34 NASDAQ 4,515.06 -52.54
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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      227 1 ASIAN LEADERS‘ INSIGHT Chew Gek Khim, executive chairman of Straits Trading PAGE 11 COMPANIES China top choice for Singapore’s wealthy PAGE 9 GENTING SINGAPORE Analysts still bearish; stock down 3.4% PAGE 6 SME Inc Local firm to hold World Summit Awards here PAGE 12 8"*****1"*****4 TUDOR STYLE Wm M .Jp
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      25 1 Keeping it in the family BP de Silva chairman Sunil Amarasuriya is determined to keep the company running for generations to come I PAGE 15
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  • TOP STORIES
    • Article
      Lock icon F1 says plan is in place to deal with serious haze
      737 2  -  PSI hits unhealthy range in west, but still far from last year’s 400 peak By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Singapore’s air quality hit the unhealthy range early Monday morning with the haze rearing its ugly head just as
      737 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      341 2 MOM reports more jobs for locals THE tight labour market in Singapore has resulted in more jobs and higher salaries for locals, while the growth in foreign worker employment fell. FRONT PAGE Developer sales fall 15% in August DEVELOPERS’ residential sales fell 15 per cent to 432 homes
      341 words
    • Article, Illustration
      Lock icon Telcos unveil plans for Apple’s latest phones
      583 2  -  M1 customers seen enjoying most competitive prices By JACQUELYN CHEOK jaccheok@sph.com.sg@JacCheokBT [SINGAPORE] Response to Apple’s newest smartphone offerings the iPhone 6 and iPhone 6 Plus has been incredible, said all three Singapore telcos, which by Monday had released their latest, highlyanticipated subscription plans
      583 words
    • Article, Illustration
      Lock icon PM Lee, China Vice-Premier discuss project proposal
      454 2  -  /BY CHUANG PECK MING iri Nanning peckming@sph.com.sg CHINA’S proposal for a third government-to-gov-ernment project in the country’s western region was discussed on Monday when Prime Minister Lee Hsien Loong and China’s VicePremier Zhang Gaoli met. The two leaders are here, the capital of
      PHOTO: LIANHE ZAOBAO  -  454 words
    • Article
      Lock icon Car sales power 5.5% increase in July retail sales
      407 2  -  Excluding motor vehicles, sales down a marginal 0.4% By NISHA RAMCHANDANI By nishar@sph.com.sg @Nisha_BT [SINGAPORE] Retail sales rose 5.5 per cent year on year in July, lifted by sales of motor vehicles, without which sales would have declined 0.4 per cent.
      407 words
    • Article, Illustration
      Lock icon Road network on Sept 28
      130 2 The new roads in Marina South will open at 5am on Sept 28, providing smoother travel between the Marina Coastal Expressway (MCE) and parts of the city centre. Motorists travelling from the Tanjong Pagar area can make use of the new road from Maxwell Road
      Source: Land Transport Authority  -  130 words
    • Article, Illustration
      Lock icon Singapore joins Asia in cost, labour concerns
      586 4  -  Businesses investing in talent pool, IT, and productivity matters, says survey By ANITA GABRIEL, JAMIE LEE anitag@sph.com.sg @AnitaGabrielBT leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Rising costs, shortage of skilled workers, and flagging customer demand are top concerns among Singapore businesses, which are investing in their talent
      Source: UOB  -  586 words
    • Article
      Lock icon Junk bonds, CLOs, EM debt ‘increasing risks for investors’
      571 4  -  Emerging currency weakness also poses threat: BIS economist BY NEIL BEHRMANN in London ECONOMISTS are expressing increasing concern over risks posed by rising corporate issuance of high yield junk bonds, collateralised loan obligations (CLOs) and emerging-market debt. According to estimates of
      571 words
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      647 4 Gain An Edge In The Sales And Leadership Environment Who should attend: Supervisors, managers, team leaders and other general managers, executives, business owners, and anyone who wishes to achieve higher success in their career. Productivity and Credit (P/Q L Claimable > 2014 SEPTEMBER SERIES FULL-DAY WORKSHOPS Raising Your Sales with
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      26 4 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      25 5 careerbuilder SINGAPORE STRENGTHENING OUR VALUES WITH A NEW NAME VISION JobsCentral is now CareerBuilder Singapore. Expect the same amazing team serving you even better. www.careerbuilder.com.sg
      25 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Analysts still bearish on Genting S’pore
      677 6  -  Stock closes trading down 3.4% at $1.13 after falling as much as 4.3% on Monday By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT INVESTORS and analysts seem to be continuing to hold back their bets on Genting Singapore; the gaming company’s shares took a hit on Monday,
      Source: Bloomberg; ST FILE PHOTO  -  677 words
    • Article
      Lock icon Cost overrun pushes TEE Int’l into the red
      296 6  -  Earlier unaudited results had shown an $8m profit By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT TEE International said it swung to a loss of S$10.69 million for the fiscal year ended May 2014 (FY2014) after making a material adjustment to include a S$18.95 million
      296 words
    • Article, Illustration
      Lock icon Accordia Golf Trust on 50b yen expansion path
      659 7  -  Acquisition plan will raise trust’s assets under management by about a third By CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT FROM now till end-March 2017, acquisition strategies will be executed in full swing by Accordia Golf Trust (AGT). The first Singapore-list-ed business trust with
      Source: Accordia Golf Trust  -  659 words
    • Article
      Lock icon Sembcorp to expand energy business in China
      398 7  -  It inks conditional JV deal on power project in Chongqing By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SEMBCORP Industries (Sembcorp) on Monday signed a conditional joint venture agreement with Chongqing Songzao Coal and Power LLC in a bid to expand its energy business in China.
      398 words
    • Article
      Lock icon LMIR Trust to acquire Jakarta mall for 3.6 trillion rupiah
      459 7  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT LIPPO Malls Indonesia Retail Trust (LMIR Trust) plans to bulk up its portfolio by acquiring a five-storey shopping centre in southern Jakarta, Indonesia, for 3.6 trillion rupiah (S$385.7 million) which it plans to pay with
      459 words
    • Article, Illustration
      Lock icon China top choice for S’pore’s wealthy
      436 9  -  One in three plans to relocate to the country in next five years: survey By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT GIVEN the economic opportunities in China, one in three high net worth individuals in Singapore plans to relocate to the country in the next five
      Source: The Rise of the Global Citizen? survey (Ledbury Research 2014)  -  436 words
    • Article
      Lock icon FCOT able to refinance all borrowings
      277 9  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT FRASERS Commercial Trust (FCOT) has obtained enough loan facilities to refinance all of its outstanding borrowings, most of which would have been due in the next financial year. The commercial real estate investment trust (Reit) announced on Monday that
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    • COMPANY BRIEFS
      • Article
        Lock icon Xpress can’t complete key S$9.5m placement
        62 9 XPRESS Holdings said a proposed S$9.48 million placement meant to help repay creditors has fallen through after the subscribers failed to complete the deal despite repeated reminders. Xpress, which is facing winding-up applications from its creditors, had planned to sell 480 million shares at
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      • Article
        Lock icon Top Global gets SGX nod to list 19b shares
        75 9 TOP Global has received in-principle approval from the Singapore Exchange to list and quote 19 billion shares that will be issued at 0.8 Singapore cent apiece to pay for a 71.52 per cent stake in Indonesian developer PT Suryamas Dutamakmur. The
        75 words
      • Article
        Lock icon Ezion wins US$76m service rig contract
        51 9 OFFSHORE charterer Ezion Holdings has won a US$76 million contract to provide a service rig to a South-east Asia national oil company. The rig is expected to be deployed and working by end-2016. Ezion shares gained 0.3 per cent to close at S$1.83 on
        51 words
      • Article
        Lock icon Triyards captures US$50.5m liftboat deal
        50 9 TRIYARDS Holdings has clinched a new US$50.5 million liftboat contract, taking its order book to more than US$200 million over the next three to four years. The new unit is scheduled for completion in 2016. Triyards shares closed unchanged at 76 Singapore cents on Monday.
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      • Article
        Lock icon GLP to let 112,000 sqm to new customer
        34 9 GLOBAL Logistic Properties has secured a new customer that is a state-owned consumer goods company in mid-western China. It will lease 112,000 square metres of space.
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      163 7 VITOL INDUSTRY SPEAKER SERIES 2014 The Shale Revolution in the U.S. A Game Changer for the Country Fueling thought. Igniting conversations. Shale is a divisive topic which has polarised large segments of societies where its development is taking place. Some liken it to a silver bullet, the solution to the
      163 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Fall in banks, Genting cut 1 % off STI
      567 8  - Fall in banks, Genting cut 1 off STI This week’s FOMC meeting will be closely watched for any hint at interest rate hike: observers STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent A ONE per cent fall in Hong Kong after the release of weak China numbers combined with worry about
      Source: Bloomberg  -  567 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      75 8 Sep 15 VALUE CLOSE BT OB/OS -618.00-131.00 BT CADI -*****.00-232.00 BT 10-day MA -*****.00 -62.00 FTSE ST Mid Cap 769.54 -6.59 FTSE ST Small Cap 540.92 -6.23 FTSE ST All Share 803.77 -7.92 FTSE ST China Top 196.00 -2.37 FTSE ST China 228.14 -2.27 FTSE ST Catalist
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 1 0 0 0 3 10 1 Manufacturing 32 76 31 3 8 11 35 84 42 Commerce 7 33 20 3 6 6 10 39 26 Tpt/Stor/Comms 6 19 17
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      896 8  -  Compiled by KENNETH LIM Libra Group Sept 15 close: S$0.189 DMG Partners, Sept 15 WE initiate coverage on Libra Group with a “buy” call and TP of S$0.31 derived from peer comparison, which represents a 100 per cent upside. With a turnaround in place after its major restructuring
      Source: Bloomberg  -  896 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,815 16,815 72,696 72,696 Manufacturing 208,911 54,181 263,092 107,654 8,147 115,801 Commerce 64,999 70,779 135,778 55,303 2,849 58,152 Tpt/Stor/Comms 80,479 12,210 92,689 106,125 2,226 108,351 Finance 20,639 148 20,787 142,480 38 142,518 Construction 55,036 109,123
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      123 8 Stock name Close Change Ascendas Reit 2.300 -0.060 CapitaLand 3.220 -0.070 CapitaMall Trust 1.970 -0.025 CityDev 9.740 -0.120 ComfortDelGro 2.520 DBS Grp 18.280 -0.240 Genting Sing 1.130 -0.040 Global Logistic 2.840 -0.030 Golden Agri-Res 0.505 HPH Trust USD 0.700 -0.010 HongkongLand USD 6.850 -0.040 JMH 400
      123 words
    • Article, Illustration
      Lock icon Swedish crown hits 2-year low vs US$
      582 8 CURRENCIES Reuters [LONDON] Sweden’s crown hit a two-year low against the US dollar and a two-month trough versus the euro on Monday after voters elected a minority government, which could trigger political uncertainty in Scandinavia’s biggest economy. The crown fell to 7.1499 per
      Reuters; PHOTO: AFP  -  582 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME Singapore eDev 81,269,000 APAC Strategic 72,678,000 Genting Sing 58,550,000 IHC 55,842,000 Advance SCT 52,265,000 Mirach Energy 34,340,000 Adventus 34,258,000 ThaiBev 26,384,000 Top Global 24,890,000 Charisma Energy 24,465,000 VALUE($) Genting Sing 66,663,241 DBS Grp 58,175,771 Keppel Corp 43,539,620 OCBC Bank 39,708,210 Ascendas Reit 36,766,270 SingTel 34,812,150 CapitaLand
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    • Article
      Lock icon RISES
      115 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 55.7 0.3 DBXT S&P Short 10US$ 2352 32.9 1.1 UOI 480 24.0 5.3 DBXT AUDCS 5AU$ ***** 14.8 0.1 DBS Bk 4.7% NCPS 100 ***** 10.0 0.1 DBXT STGLDv100 10US$ 3303 7.6 0.2 DBXT MSTHAI 10US$ 2178 3.8 0.1 Innovalues
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    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN DBXT EONIA 5US$ ***** -700.6 -3.0 SPDRS S&P 500 10US$ ***** -201.1 -0.8 DBXT Nifty 10US$ ***** -198.5 -1.2 DBXT AUDCS 5US$ ***** -122.7 -0.5 Lyxor Indonesia10US$ 9197 -120.1 -1.0 SPDR DJIA 10US$ ***** -91.1 -0.4 DBXT SPASX200 10US$ 4118 -83.5 -1.6 DBXT iBoxxUSTr 5US$
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      Lock icon FTSE CATALIST INDEX
      4 8 DAILY
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      191 9 An initiative by: TRIPARTITE COMMITTEE ON WORK-LIFE STRATEGY 85% of employees would be attracted to work for a company which supports their work and family commitmentst r A B A B YEES Wondering how to raise revenue, push profits and boost productivity for your company? The key to achieving these
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Longer hours but little productivity gain: survey
      481 10  -  85% of professionals say excessive hours have negative effect on work-life balance By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT MOST professionals in Singapore work longer than their contractual hours, with the majority feeling obligated to stay even though productivity doesn’t go up and their work-life
      Source: Morgan McKinley Working Hours Survey 2014  -  481 words
    • Article
      Lock icon NUS, NTU climb global ranking ladder
      527 10  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT TWO local universities have moved up in a comprehensive global ranking system, with one of them again emerging as the top Asian university. The National University of Singapore (NUS) rose two places to bag the 22nd position this year
      527 words
    • Article, Illustration
      Lock icon Summit to stress CSR is more than just philanthropy
      458 10  -  By CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT IN Singapore, the term “corporate social responsibility (CSR)” is usually associated with corporate philanthropy and volunteerism, but according to executive director of Singapore Compact for CSR, Christopher Ang, these two components are just a smaller
      458 words
    • Article, Illustration
      Lock icon Minister lauds healthcare IT Master Plan
      334 10  -  By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT THE Healthcare Information Technology (IT) Master Plan is closely aligned with the objective of providing quality healthcare services, accessible and affordable to Singaporeans, Minister for Health, Gan Kim Yong, said on Monday. He was speaking at the opening
      334 words
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      139 10 Sage 300 ERR An Integrated Solution For SMEs Connect your entire operation with a single, integrated solution that provides you with greater visibility, making it easier to share information and communicate. Finance/ Accounting Human Resources Projects and Services Customer Relationship Management Supply Cham and Vendor Management K SAGE: THE LEADING
      139 words
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  • DBS ASIAN LEADERS INSIGHTS
    • Article, Illustration
      Lock icon Fighting for what’s right
      1476 11  -  Helming the transformation of the century-old Straits Trading, Chew Gek Khim keeps on doing what she believes is right By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT CLARITY in decision-making can often be drowned out by noise, especially in boardrooms dominated by men. But Chew Gek Khim, executive chairman
      1,476 words
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      97 11 &JSLAM pKVO'f-C jpoviK i/\o~o s^ p U\Oj 'j~bf Au Ouus>, tAjoi4( 7' u CjOUA OOO. Lawrence Lua Managing Director Head of Private Bank South and Southeast Asia Best Private Bank, Singapore 2014, Euromoney, FmanceAsia and The Asset. Best Private Bank, Singapore 2013, Professional Wealth Management/The Banker Start a conversation with
      97 words
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  • SME Inc
    • Article, Illustration
      Lock icon TCAG to hold World Summit Awards here
      967 12  -  Local firm aims to make a difference by highlighting outstanding e-content with the staging of WSA 2015, writesAMANDA AMANDA EBER THE amount of content available on the Internet is staggering and it can sometimes be hard to filter out the time-wasters and gimmicks
      PHOTO: YEN MENG JIIN  -  967 words
    • Article, Illustration
      Lock icon Falcon Inc poised to soar even higher
      1259 13  -  Inspiring leadership and competitive advantages behind interior fit-out specialist’s success story By COLLIN TEO, EARNEST SEOW, LUCAS LEE, MICHELLE GOH The writers are students of NUS Business School FALCONIncorporationseems to possess the precise qualities that falcons are known for intelligence, strength and extraordinary
      PHOTO: YEN MENG JIIN  -  1,259 words
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      75 12 Impress your clients with a great business address Regus \1VC^ \o^ 0$ \KO^ O'' e' r n iA S 15 prestigious business addresses across Singapore Quick and easy to set up Flexible terms to suit all businesses Personalised call answering in your company name Unlimited access to business lounges and
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      49 12 ICON WEDDINGS OUT NOW IN BOOKSTORES* K I N O K U N I YA M P H OUT NOW IN BOOKSTORES P O P U L A R mn T I M E S ON MAGZTER ON MAGZTER http://goo.gl/6qfolc ICON WEDDINGS DIGITAL IS AVAILABLE ON MOBILE DEVICES WWW.ICONSINGAPORE.COM
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      783 13 ADVERTORIAL Innovate or stagnate The ability to unleash creativity within an organisation is a must-have in today’s complex business environment IT’S no secret that innovation and creativity are common traits of successful organisations. What is less clear-cut is how companies can foster a culture of innovation that results in measurable
      783 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon The million ringgit question: Will BNM raise rates this week?
      519 14  -  Economists divided on issue with July data pointing to a weaker second half By S JAYASANKARAN in Kuala Lumpur INDEBTED Malaysians are worried about the possibility. With slowing loan growth, banks aren’t hot about the idea either. And property developers
      519 words
    • Article, Illustration
      Lock icon Growing M’sian stockpile set to hit palm oil prices
      696 14 [KUALA LUMPUR] The rise in Malaysia’s palm oil stockpile in the second half of this year is becoming a major concern among plantation companies and the government alike, Malaysian daily The Star reported. In August, the higher-than-expected palm oil inventory crossed
      PHOTO: REUTERS  -  696 words
    • Article
      Lock icon J Trust set to buy Indonesia’s Bank Mutiara
      349 14 Reuters [JAKARTA] Japanese finance company J Trust is set to buy Indonesia’s PT Bank Mutiara to tap rising demand for retail finance in South-east Asia’s largest economy. Bank Mutiara, previously known as Bank Century, was bailed out by the Indonesian government during
      Reuters  -  349 words
    • Article
      Lock icon M’sian women and the workplace
      326 14 [KUALA LUMPUR] The inability to balance family commitments and work responsibility has kept Malaysian women away from the job market, a Wanita MCA survey found, according to The Star newspaper. Other reasons include stress, low wages and gender discrimination in climbing the corporate ladder. The
      326 words
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      50 14 FI'IC FACILITIES MANAGEMENT CONFERENCE 2014 16 October 2014 MAX Atria Singapore EXPO 8.30am to 6pm www.fmse.com.sg/conference I m r m Transforming Facilities Management through Innovation Productivity > x r TO REGISTER: Tel:+65 6319 4021 Fax:+65 6319 6140 Email: fmc@sph.com.sg In partnership with: Organised by: sphere Singapore Institute of Building Limited
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      11 14 ICISS92 FM All the great songs in one place_ 4WS r
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      18 14 www.omy.sg A k I ’A /t I.-; blog.omy.sg/vox Download omy Apps Bi&IB Eir^x omy News iOSAppStore Google Play
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      47 14 HOT PROPERTY m RA rT; UP Tamp in fronting Units; ,KEA «.ooosf. Suo 9 p°sfrenf 00/ JURONG RAMP-UP qm r SSKsHfS STORAGE UNITS FOR RENT Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED BUY IT SELL IT FIND IT
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  • BUILDING GLOBAL COMPANIES
    • Article, Illustration
      Lock icon Ensuring business continuity
      555 15  -  By KELVIN TAN The writer is managing director and head of commercial banking, HSBC Singapore DIFFERENT stages of a business life cycle have different associated risks and challenges. For example, a growing company may be more concerned with where the key growth markets are and how to
      555 words
    • Article, Illustration
      Lock icon Keeping it in the family
      983 15  -  Having gone through a difficult transition when he took over the business, BP de Silva chairman Sunil Amarasuriya is determined to keep it running for generations to come, reports FRANCIS KAN reportsFRANCIS reportsFRANCIS KAN WHEN Sunil Amarasuriya took over the reins of his storied family
      LIANHE ZAOBAO FILE PHOTO  -  983 words
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      82 15 WE DONT THINK IN YEARS, WE THINK IN GENERATIONS. At HSBC, we understand that long-term thinking pays off. That's why our strategic partnerships aim to give businesses a stable foundation so they can thrive from generation to generation. If you see it, we see it. www.hsbc.com.sg/international Issued by The Hongkong
      82 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon India to build roads on border with China
      779 16 Days before President Xi’s visit, New Delhi eases environmental rules to speed up development Reuters [NEW DELHI] India has eased restrictions on building roads and military facilities along its disputed border with China, as the new government seeks to close the gap
      Reuters  -  779 words
    • Article, Illustration
      Lock icon Chinese gripe at being left out of Alibaba IPO
      914 16 Curbs, complicated procedures prevent many from investing Bloomberg [HONG KONG] Zhou Nushi, a retired factory worker in Shanghai, would like to buy shares of Alibaba Group Holding Inc as the Chinese e-commerce company prepares to go public in what may be
      Bloomberg; PHOTO: REUTERS  -  914 words
    • Article
      Lock icon China limits end-month deposits in banks
      426 16 Move seeks to provide stability to financial system Reuters [SHANGHAI] Chinese regulators have imposed measures to stop banks from collecting large amounts of deposits at the end of a month to flatter their financial position, a practice that traders have said threatens the stability
      Reuters  -  426 words
    • Article
      Lock icon Indian corporate default risk falls to three-year low: report
      687 16 Bloomberg [MUMBAI] The risk of Indian companies reneging on their debt in the coming 12 months has fallen to a three-year low as stocks rallied to a record on the prospect of an economic revival, Bloomberg’s default risk model shows. The
      Bloomberg  -  687 words
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      113 16 The Business Times Ik 1 1 Toll free 1800-289-8822 I I I Email noticesysph.com.sg J B H i B j ij www.sphclass.com.sg/notices Industrial Government Land Sales: Land Parcel at Tuas South Street ;[^^ourHs7Rii7 Plot 41 Site Information Tuas South Street Location Tuas South Street 11 (Plot 41) Land Area 9,000
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  • WORLD
    • Article, Illustration
      Lock icon Embattled Cameron faces tough week
      927 17 He has to address 2 divergent challenges simultaneously: IS, Scottish referendum NYT [LONDON] With opinion polls on Thursday’s Scottish independence vote too close to call, Prime Minister David Cameron of Britain faces the risk this week of becoming the leader who presided over the break-up
      NYT; PHOTO: REUTERS  -  927 words
    • Article, Illustration
      Lock icon Tesco seeking formula to win back customers
      710 17 Reuters [THETFORD, England] Standing with bags of groceries outside discount store Lidl in Thetford, eastern England, Jodie McGloughlin explains simply why she turned her back on Britain’s biggest retailer its high prices. “With Tesco all t h e m p o u n
      Reuters; PHOTO: AFP  -  710 words
    • Article
      Lock icon Cameron’s man braves brickbats in EU bid
      636 17 Bloomberg Bloomberg [MILAN] In the days since his nomination to become the European Union’s (EU) next financial-services chief, Jonathan Hill has been called a fox in the banking hen house and a hangman appointed to bury the City of London. British Prime Minister
      Bloomberg Bloomberg  -  636 words
    • Article, Illustration
      Lock icon ECB’s stimulus ambition a stretch: economists
      1008 18 Measures not enough to expand bank’s balance sheet to 2012 size Bloomberg [FRANKFURT] Mario Draghi’s US$3.9 trillion ambition could be a stretch to achieve. New stimulus measures ranging from long-term loans to asset purchases probably aren’t enough to expand the European Central Bank’s balance
      Bloomberg; PHOTO: AFP  -  1,008 words
    • Article
      Lock icon European ministers call for investments in infrastructure projects
      660 18 NYT [MILAN] European Union (EU) finance ministers endorsed plans over the weekend to leverage hundreds of billions of euros to fund new infrastructure projects and spur demand as part of efforts to avoid a period of Japanese-style economic stagnation across the region.
      NYT  -  660 words
    • Article, Illustration
      Lock icon Anti-euro party makes an impact in Germany
      597 18 Bloomberg [BERLIN] Germany’s an-ti-euro party swept into two eastern state parliaments, expanding its challenge to Chancellor Angela Merkel in a region mostly dominated by her Christian Democrats since the Berlin Wall fell 25 years ago. Even as Alternative for Germany drew voters from
      Bloomberg; PHOTO: REUTERS  -  597 words
    • Article
      Lock icon Heineken rejects SABMiller’s takeover offer
      349 18 Reuters [AMSTERDAM] Dutch brewer Heineken said on Sunday it was approached by larger rival SABMiller about a potential takeover but that its controlling shareholder intended to keep the company independent. The maker of Heineken and Amstel beers said it consulted its majority shareholder and concluded
      Reuters  -  349 words
    • Article, Illustration
      Lock icon ‘Dating’ passion makes IAC’s investors nervous
      846 19 They want it to spin off Match Group before dating sites lose their charm NYT [NEW YORK] InterActiveCorp (IAC) has always had a thing for online dating. But now things are getting really serious. The media conglomerate, which is owned by Barry Diller, has
      NYT  -  846 words
    • Article
      Lock icon European reinsurers stay confident despite tough market
      307 19 Reu ters [ZURICH]Major European reinsurers put a brave face on the outlook for an increasingly crowded business on Monday, saying they saw a slowing decline in prices and new opportunities in some markets. The world’s top reinsurers, meeting in the Mediterranean resort of
      Reuters  -  307 words
    • Article
      Lock icon Thailand may have to free up retail sugar prices
      515 19 AEC integration seen leading to build-up in stocks Reuters [BANGKOK] Thailand is likely to come under pressure to free up its retail sugar prices ahead of Asean Economic Community (AEC) integration next year that could open the floodgates to cheaper imports
      Reuters  -  515 words
    • Article, Illustration
      Lock icon Swedish Social Democrats face tough task after polls
      498 19 Centre-left lacks majority in new Parliament Reuters [STOCKHOLM] Swedish Social Democrat leader Stefan Lofven faces a tough task building a new government after an election on Sunday left the centre-left short of a majority in Parliament and handed the balance of power
      Reuters; PHOTO: REUTERS  -  498 words
    • Article
      Lock icon US legal battle puts GMO trade responsibility in focus
      861 20 Cargill sues Syngenta claiming US$90m loss over rejections of US corn by China Reuters [CHICAGO] Cargill Inc’s lawsuit against Syngenta AG over rejections of genetically modified (GMO) US corn by China may be just the start of legal challenges against global
      Reuters  -  861 words
    • Article, Illustration
      Lock icon Big corporations brace for global carbon price rollout: report
      455 20 Some are factoring in cost to guide future decisions Reuters [LONDON] An increasing number of big corporations expect governments worldwide to put a price on carbon dioxide emissions to help tackle climate change and some are already factoring in the cost
      Reuters; PHOTO: AFP  -  455 words
    • Article
      Lock icon Norway bank unfazed by Putin’s fish ban
      588 20 DNB ready to offer temporary debt relief to clients Bloomberg [STOCKHOLM] DNB ASA, Norway’s biggest bank and one of the world’s largest lenders to the seafood industry, said it won’t lose money as a result of Russia’s ban on fish imports. The Oslo-based
      Bloomberg  -  588 words
    • Article
      Lock icon Russia starting crisis fund for sanctions-hit firms
      242 20 Reuters [MOSCOW] Russia will create a multi-billion dollar an-ti-crisis fund in 2015 from money destined for the Pension Fund and some left over in this year’s budget to help companies hit by sanctions, Finance Minister Anton Siluanov was quoted as saying on Monday.
      Reuters  -  242 words
    • Article
      Lock icon Gulf states tussling with global buyers for share of sukuk
      458 20 Bloomberg [DUBAI] Middle Eastern money managers are receiving a smaller slice of Islamic bond sales as more global investors access the market, lured by new sovereign borrowers. A US$750 million debut sale last week from Sharjah, the third-biggest of seven
      Bloomberg  -  458 words
    • Article, Illustration
      Lock icon Eurozone a drag on global growth: OECD
      731 21 It trims forecasts for major economies, holds China steady and upgrades India AFP [PARIS] The sickly eurozone recovery is a drag on the outlook for the global economy, the OECD warned on Monday as it cut growth forecasts for most major advanced economies.
      AFP; PHOTO: AFP  -  731 words
    • Article
      Lock icon European banks face further capital hit on new rules
      384 21 Bloomberg [NEW YORK] European banks, already under pressure to strengthen capital ratios, may have to hold off on distributing profit to shareholders because of new accounting rules on how loan losses are calculated. The accounting requirement under the International Financial Reporting
      Bloomberg  -  384 words
    • Article
      Lock icon Microsoft buys Minecraft maker Mojang for US$2.5b
      354 21 Re uters [STOCKHOLM] Microsoft Corp said on Monday that it has agreed to acquire Stock-holm-based games developer Mojang and the company’s wildly popular Minecraft video game franchise for US$2.5 billion. Minecraft a free-roam-ing construction game where players can build nearly anything imaginable, block
      Reuters  -  354 words
    • Article
      Lock icon Industrial output falls for first time since Jan
      541 21 LATEST US DATA Bloomberg [WASHINGTON] Industrial production in the United States unexpectedly declined in August for the first time in seven months as automobile making cooled. Output at factories, mines and utilities fell 0.1 per cent after a 0.2 per cent gain
      Bloomberg  -  541 words
    • Article, Illustration
      Lock icon UK Takeover Panel seeks tougher rules
      348 21 Bloomberg Bloomberg [LONDON] The UK’s takeover regulator has proposed giving itself powers to enforce commitments by buyers to retain jobs or factories in a merger. The Takeover Panel on Monday published a consultation document on new rules, which it said were prompted by Pfizer
      Bloomberg Bloomberg; PHOTO: BLOOMBERG  -  348 words
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      98 17 "IG GIVES ME ALL THETOOLS I NEED TO TRADE GLOBAL MARKETS I'U ACCESS FOREX, SHARES, INDICES AND COMMODITIES WITH CFDs ON OUR AWARD-WINNING PLATFORM Find out more at our storefront office on Battery Road or IG.com.sg CFD trading can result in losses that exceed your initial investment. CREATING OPPORTUNITY CFDs
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      783 18 GOODPACK LIMITED (UEN/Company Registration No. *****0547W) (Incorporated in the Republic of Singapore) Notice to holders of the outstanding (i) S$62,000,000 4.25 per cent. Notes due 2016 comprised in Series 002 (ISIN: SG6S*****752) (the “Series 002 Notes”) (ii) S$65,000,000 4.70 per cent. Notes due 2017 comprised in Series 003 (ISIN: SG6V*****686)
      783 words
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      122 19 "I CAN ACCESS THE DECISIONS OF 135,000 TRADERS" CFD trading Funds: SD 76.135 Margin: SD3,427 P&L. SD 2.625 Available: SD 75,333 Insight WALL STREET 0.157. e *«n < LONG GET INSIGHTS ON THE MARKETS WITH DATA ON TRADERS' POSITIONS Find out more at our storefront office on Battery Road or
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      534 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF UNIQUE CONSULTING PTE. LTD. COMPANY REG. NO. *****6228E (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held at 163 Penang Road #02-03 Winsland House II Singapore *****3 on 5 September
      534 words
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      181 21 "I CAN TRADE WITH IG WHEREVER I AM, WHATEVER DEVICE I USE CFD trading Funds: SO 76.135 Margin: SO 3.427 P&L: SO 2.625 Available: SO 75.333 Spot FX EUR/USD conomic calendar Sell 1.***** ,r )rdei eve Order type Good 1 1 A NEVER MISS AN OPPORTUNITY WITH OUR STATE-OF-THE ART
      181 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Xi and Modi have a historic opportunity
      477 22 EDITORIAL IF all goes according to plan, the long-anticipated three-day visit to India by Chinese President Xi Jinping which starts on Wednesday has the potential to transform the China-India relationship into a long-term win-win partnership. Mr Xi will first visit Indian Prime Minister
      477 words
    • Article, Illustration
      Lock icon Polarisation in US society and the inflation cult
      808 22  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and interna tional affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT WISH I’d said that! Last week, Jesse Eisinger of ProPublica, writing on The
      NYT  -  808 words
    • Article, Illustration
      Lock icon Gear up for OECD’s global tax framework
      1142 22  -  There will be new yardsticks in the international tax world, but will it stifle trade? By CHRIS WOO CHAI SUI FUN Chris Woo is M&A Leader and Tax Leader (Designate), and Chai Sui Fun is Transfer Pricing Partner, at PwC Singapore THERE has
      PHOTO: REUTERS  -  1,142 words
    • Article, Illustration
      Lock icon Abenomics faces complex challenges
      1236 23  -  ‘Trilemma’ for Japanese leader as his country’s economy and currency fall while public debt mounts ANTHONY ROWLEY Tokyo Correspondent AS widely acclaimed (and often hyped) as the Abenomics “revolution” in Japan has been, it has never been more than a means to an end for Japanese
      PHOTO: REUTERS  -  1,236 words
    • Article, Illustration
      Lock icon There are many more Scotlands
      846 23  -  By PANKAJ MISHRA Bloomberg View THIS week’s referendum in Scotland could result in the UK losing almost one-third of its landmass, and 8 per cent of its population, and, very likely, its present prime minister. In a summer rich with shocks, the break-up of a
      Bloomberg View; PHOTO: AFP  -  846 words
    • Article
      Lock icon Engage private sector to close AEC gaps
      795 23  -  By MUNIR MAJID The writer is chairman of CIMB Asean Research Institute, which organised the Asean Business Club Forum in Singapore on Sept 8-9. He was this year appointed chairman of Asean Business Advisory Council, Malaysia and takes over as the Asean chairman
      795 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Shipping companies transforming to tax-exempt firms
      948 24 Bloomberg [NEW YORK] Master limited partnerships, tax-exempt companies that pay investors most of their income at the cost of added risk, are spreading in the shipping industry. Scorpio Tankers, the largest owner of vessels hauling refined fuels, is “seriously” considering starting an MLP, president
      Bloomberg  -  948 words
    • Article
      Lock icon TRANSPORT STOCKS
      243 24 SGX '000 Sep 15 S$ +/-Vol Ch Offshore 0.48 unch 275 Chuan Hup Hldg 0.30 -0.01 640 '000 Cwt Limited 1.73 -0.03 381 s$ First Ship Lea 0.10 unch 145 Grand Banks Ch Offshore Jaya Hold Ltd unch K1Ventures 0.19 unch 855 Keppel Corp 10.60 -0.10 4089 Mercator
      243 words
    • Article, Illustration
      Lock icon Air France set to scrap half of flights amid strike
      531 24 Pilots protesting against carrier’s plan to develop low-cost subsidiary AFP [PARIS] French flag carrier Air France was set to scrap at least half its flights on Monday as pilots began a strike against the company’s plan to develop its low-cost
      AFP; PHOTO: REUTERS  -  531 words
    • Article
      Lock icon FAA penalises five firms for alleged violations
      272 24 Reuters [LONDON] The US Federal Aviation Administration (FAA) proposed a combined total of more than US$430,000 in penalties for five companies on Friday, including FedEx Corp, British Airways (BA) and a unit of American Airlines Group, for alleged violations of safety and hazardous
      Reuters  -  272 words
    • Article
      Lock icon China’s Qinzhou port, Kuantan in tie-up
      163 24 Xinhua [NANNING] China has signed an agreement with Malaysia to establish a sister port partnership between two major shipping cities as the two countries seek to rejuvenate the ancient maritime Silk Road. The Qinzhou Port in south China’s Guangxi Zhuang Autonomous Region has become
      Xinhua  -  163 words
    • Article
      Lock icon Lufthansa pilots go on 8-hour strike in Frankfurt
      263 24 Re uters [FRANKFURT] Lufthansa pilots will hold an eight-hour strike on Tuesday, wiping out flights from its Frankfurt hub, union Vereinigung Cockpit said on Monday, announcing the fourth strike by the pilots to hit the German airline within three weeks. The pilots
      Reuters  -  263 words
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      26 24 Shanghai Free Trade Zone's top official leaves post just before its 1st anniversary just before its 1st anniversary To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      26 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      298 24 CRYPTIC CROSSWORD Across 1 Stroke is worried about onset of squall (6) 4 Maiden, 20 will this bring her good luck? (6) 8 Former examination based on livestock raising (8) 10 Slowly stocking a shed, perhaps (4-2) 11 OT character captured by Grandma Moses (4) 12 Offer to pay inexperienced
      298 words
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  • Article
    Lock icon SHIPPING TIMES
    1201 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,201 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      81 25 Experienced ship maintenance findyou y r I services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIIVLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here
      81 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4071 26 Transaction date: Sep 15 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 13 10.4 8Telecom Day Last Quote --AAT Net M Cap High 153.1 131 AIMSAMP Cap Reit 145 -1.5 439
      4,071 words
    • Article
      Lock icon SGX CATALIST
      373 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 33 25 t 3Cnergy 500 Last Vol Day 1.9 0.5 t Advanced Systems 0.6 unch 1120 0.6 0.5 0.6 0.7 11.7 Last Quote Div
      373 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10766 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD) Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited 1.0202/ China Opportunities' China Opportunities USD!** 3 0406/ Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** Indonesia Equity USD!**
      10,766 words
    • Article
      Lock icon GLOBALQUOTE
      232 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company Last 343 258 TanChongInt HK309cd 303 310 9.7 3.4 3 6223 DISCLAIMER: All information is published “as is” without warranty of any kind and for information
      232 words
    • Article
      Lock icon SGX ETF
      1126 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 117 -0.3 6 117.3 117 116.5 117 534.1 139.4 119 CIMB APAC Div 100S$D 136.1cd -1.3 136.1 136.1 136 136.6
      1,126 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      664 28 Sep 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.04 *****.90 *****.04 Dec14 *****.00 *****.00 *****.00 *****.00 *****3 *****3 Mar15 *****.00 102 104 MSCI TAIWAN INDEX FUTURES SPOT 335.36 336.97 334.19 Sep14 336.30 336.60 333.30 336.00 ***** *****8 Oct14 335.90 336.40 333.40 336.10
      664 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Sep 12 Index Change Change Change Change Change Change World Preliminary 1255.2 -0.2 6.0 -0.3 4.3 -0.3 4.3 EAFE Preliminary 983.9 0.0 2.9 -0.1 -0.7 -0.2 -0.8 Europe Preliminary 1402.3 0.0 3.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Sep 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.998 5.526 0.695 6.972 54.904 107.114 0.965 9.345 2.902 1.106 92.478 39.751 1.138 9.946 0.842 27.081 29.046 0.554 0.900 Canada 1.002 5.536
      471 words
    • Article
      Lock icon SIBOR
      37 28 Sep 15 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 28 Sep 15 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-16 106.18 5-Year NX*****W 2.5 01-Jun-19 104.25 10-Year NY*****H 3.000 01-Sep-24 103.95 104.20 104.05 15-Year
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    • Article
      Lock icon PRECIOUS METALS
      120 28 Sep 15 GOLD(US$/oz) Sep 15 Sep 12 Hong Kong 1237.00 1242.00 Sep 12 Sep 11 London 1230.13 1238.58 1230.66 1239.16 Source: Thomson Reuters CAST BAR Sep 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 304 248 10gm 564 500
      120 words
    • Article
      Lock icon PALM OIL
      57 28 Sep 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2150.0 2125.0 2170.0 2150.0 34 1005 Oct 14 2108.0 2097.0 2130.0 2098.0 1440 ***** Nov 14 2095.0 2084.0 2124.0 2091.0 ***** *****4 Dec 14 2111.0 2100.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 28 Sep 15 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1373 1.1382 0.8993 0.8998 Canadian dollar 1.1395 1.1403 0.9015 0.9011 Euro 1.6356 1.6363 1.2934 1.2936 NZ dollar 1.0286 1.0295 0.8134 0.8139 Sterling pound 2.0547 2.0556 1.6248
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 28 Sep 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1091.00 1061.50 1110.50 1065.00 Nov 14 985.25 981.50 990.25 979.00 Jan 15 992.50 988.25 997.00 986.00 Mar 15 998.50 993.75 1002.00 991.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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    • Article
      Lock icon LIFFE
      95 28 Sep 12 COCOA (£/tonne) Close Prev High Low Sep 14 2044 2016 2061 2009 Dec 14 1994 1969 2003 1965 Mar 15 1959 1939 1967 1935 May 15 1949 1929 1955 1926 COFFEE(US$/tonne) Close Prev High Low Sep 14 1975 1970 1978 1978 Nov 14 1997 1988 2001 1980
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      903 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -55 3.74 46 Asia-Pacific Strategic W*****6 3.5 0.1 435 1 2 56 Ratio Exer Ascendas REIT MB eCW*****3 Prem Asiatic Grp(Hldgs) Ltd W*****5 Asiatravel.com HoldingsW*****5
      903 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Sep 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.71 -0.44 WTI (Near Mth) 92.15 -0.93 Dubai (1-Mth F) 97.41 1.09 Tapis blend 100.24 1.11 Minas 95.74 1.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.56 1.17 Jet Kerosene 113.62 1.68 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Sep 15 S$ Bid Offer 1-month 1.2646 1.2649 2-months 1.2646 1.2649 3-months 1.2646 1.2649 6-months 1.2645 1.2648 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 28 Sep-12 Sep-12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1992.50 2002.75 3 months 2029.00 2040.00 Copper, Grade A(US$/tonne) Cash 6866.00 6860.00 3 months 6838.00 6835.00 Lead(US$/tonne) Cash 2110.75 2106.50 3 months 2122.00 2118.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Sep 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.167 1.112 Can dollar 1.162 1.118 Euro 1.678 1.599 Sterling pound 2.095 2.015 NZ dollar 1.054 1.014 US dollar 1.292 1.231 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 28 Sep 15 $S Offer Bid 0vernight 0.08 0.03 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.15 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      158 words
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  • PROPERTY
    • Article
      Lock icon Tech turns Chicago skid row into top office hub
      1346 29 Rents in the city’s River North area have jumped 26 per cent in the past 2 years WP [CHICAGO] Chicago’s River North, a district once notorious for its prostitutes and dilapidated warehouses, has become one of the hottest office markets in
      WP  -  1,346 words
    • Article, Illustration
      Lock icon Trading asphalt for housing and amenities
      1180 29  -  Three young architects offer innovative plan to ease New York’s housing crisis COMMENTARY By MICHAEL KIMMELMAN NYT [NEW YORK] HAT is the solution to affordable housing in New York? One number has been repeated over an d over 200,000 subsidised units, to be built
      NYT; PHOTO: PETERSON RICH OFFICE/SAGI GOLAN VIA NYT  -  1,180 words
    • Article
      Lock icon Grace makes overseas foray with hotel in San Francisco
      294 30  -  Group plans further expansion with focus on luxury boutique category By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE hotel group Grace International has planted its flag overseas with boutique property The Scarlet Huntington in San Francisco. Now that it has opened its first
      294 words
    • Article, Illustration
      Lock icon Property boost likely in London if Scots quit UK
      424 30 Sept asking prices up, ending 3 months of declines: Rightmove SCOTLAND VOTES Bloomberg [LONDON] London’s property market could benefit if Scotland votes for independence and some financial institutions decide to relocate to the UK, according to Rightmove Plc. London would be
      Bloomberg; PHOTO: BLOOMBERG  -  424 words
    • Article
      Lock icon Independent Scotland home values may drop 17.5%
      224 30 Bloomberg [LONDON] Home prices in Scotland may fall by about 17.5 per cent, the same amount as during the financial crisis, if the country leaves the UK, Zoopla Property Group Plc said in a report on Monday. Demand for homes may drop if
      Bloomberg  -  224 words
    • Article
      Lock icon Emaar’s malls unit IPO to raise US$1.58b
      591 30 Bloomberg [DUBAI] Investors will have a chance this month to own part of a dancing fountain, an underwater zoo and an ice-skating rink in Dubai. Emaar Properties, owner of the world’s biggest shopping centre, said on Sunday that it’s seeking to raise as
      Bloomberg  -  591 words
    • Article
      Lock icon Australians face repayment shock
      648 30 Delinquencies feared as high-risk property loans hit record high Bloomberg [SYDNEY] Sydney mortgage broker Luke Gardiner, who started his business just last year, is already overwhelmed with customers. “There has not been a slow period in the last 12 months,” said the broker, whose Gardiner Financial
      Bloomberg  -  648 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      182 29 Contact: Investment Properties Sammi Lim (9368 9803) (CEAReg No,: R*****9J) 6 Battery Road #32-01 Singapore *****9 370/370A TAN JONG KATONG ROAD 2-Storey Conservation Shophouse with Potential For Development Freehold and Plot Ratio 3 Site Area: Approx. 1,484 sq ft Gross Floor Area: Approx. 2,478 sq ft Zoned Residential with Commercial
      182 words
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      Lock icon Page 29 Advertisements Column 2
      129 29 Industrial Properties For Sale Freehold Office-like Light Industrial 1 savills MacPherson Sizes from 1,722 to 3,208 sq ft Good layout Luxuriously high ceiling Vibrant environment and near amenities Walking distance to upcoming Mattar MRT I Sharon Chan 9112 2063 1 CEAReg. No. R*****1D For Lease Brand New Light Industrial off
      129 words
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      Lock icon Page 29 Advertisements Column 3
      52 29 For Lease Robinson Point Flexible sizes Fitted /Bare 1,294 sqft/1,594 sqft/2,400 sqft/4,100 sqft/7,556 sqft Great sizes Fitted /Bare 8,288 sqft/16,576 sqft/24,132 sqft/31,688 sqft High floor with unblock view Beautifully fitted/bare units with regular layout Proximity to amenities and ample parking spaces Short distance to four MRT stations call 8338 2466/
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      141 30 jll.com.au/properties Rare opportunity to secure one of Perth’s best sky-rise development sites on the Swan River FOR SALE 63 Adelaide Terrace, East Perth, Western Australia Prime city development site of 3,406sqm* Potential plot ratio up to 6:1 (20,436sqm* of developable area) Substantial 100m building height Sweeping views to Swan River,
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      96 30 PRUDENTIAL TOWER Prime CBD Office Floors For Sale! Landmark 30-storey office building Grade-A quality specification Covered access to Raffles Place and Telok Ayer MRT Spacious car drop off point Double-storey height modern lobby Regular layout and column-free floor plate for design efficiency and flexibility Ample car-parking provisions with 181 lots
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