The Business Times, 20 September 2014

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Microfilm: NL33243
Total Pages: 40
1 15 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 20-21, 2014 S$1.00 MCI (P) 052/08/2014 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon UK stays intact; focus shifts to power devolution
    927 1  -  Pound and London stocks rally before easing on uncertainties ahead; Alex Salmond resigns By Neil Behrmann btworld@sph.com.sg London FOLLOWING an impressive 85 per cent turnout in the peaceful referendum on independence for Scotland, British Prime Minister David Cameron has promised devolutionary constitutional
    PHOTO: AFP  -  927 words
  • Article, Illustration
    Lock icon F1 to rev up numbers for tourism
    756 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ONE of the year’s biggest events, the Formula 1 Singapore Grand Prix, is back, giving the tourism industry a shot in the arm after the industry’s subdued performance in the first half of this year. This seventh
    PHOTO: YEN MENG JIIN  -  756 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Scots’ no vote still leaves UK in limbo
      609 2  -  The concessions offered by Westminster parties and their pledges of devolution are unprecedented and contradictory REUTERS BREAKINGVIEWS By George Hay Edinburgh SCOTLAND’S landmark decision to reject independence is not the end of British uncertainty. The 55:45 split, with almost all the votes
      609 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,305.05 (+7.76) GSTI FUTURES 3,305.00 (+8.00) GSIMSCI 372.29 (+1.11) GSIMSCI FUTURES 373.20 (+1.80) Friday Change KL COMP 1,849.49 +4.17 NIKKEI 225 16,321.17 +253.60 HANG SENG 24,306.16 +137.44 SET 1,584.91 +0.68 JAKARTA 5,227.58 +19.44 MANILA 7,287.29 +55.45 KOSPI 2,053.82 +6.08 SHENZHEN B 970.48 -0.51 MUMBAI IND 27,090.42 -21.79 12
        59 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 15.106 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$) 1.267 (US$/S$ per 1.647 2.086 EURO (US$/S$/€ 1.289 1.633 Foreign currency per US$ S$ YEN 109.10 86.10 RM 3.234 2.552 HK$ 7.751 6.118 BAHT 32.22 25.43 RUPIAH 11,975 9,452 RENMINBI 6.138 4.844 INDIAN RUPEE 60.84 48.02 A$ 1.117 0.882 NZ$ 1.229 0.970
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    • Article, Illustration
      Lock icon Time for prodigal fan to return to Apple?
      620 3  -  New offerings may just help firm reclaim those on Android’s side now By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore AS iPhone mania returned to Singapore on Friday, Apple’s new jumbo-sized offerings might just help it to reclaim consumers who had gone over to
      PHOTO: THE STRAITS TIMES  -  620 words
    • Article, Illustration
      Lock icon F1: as much a technology race as a car race
      1054 5  -  It’s a showcase of cutting-edge tech in auto engineering, communications, analytics deployed under harsh conditions By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THIS weekend will be about celebrating speed as the tyres hit the Singapore tarmac in the only night
      BT Graphics: Amit Roy Choudhury, Jonathan Goh, Weatherly Tan  -  1,054 words
    • Article
      Lock icon Alibaba surges past US$90 in debut trading
      359 6 Reuters New York ALIBABA Group Holding’s shares rose as much as 46 per cent on their first day of trading on Friday, lifting the Chinese online retailer’s value to US$244 billion. The company’s initial public offering, on track to be the biggest ever
      Reuters  -  359 words
    • Article, Illustration
      Lock icon Thrift, moderation help – plus a loving kid
      1157 6  - Thrift, moderation help plus a loving kid COMMENTARY Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent A SOMEWHAT surprising picture of thrift among Singapore’s retiree population emerged in data from the latest Household Expenditure Survey released by the Department of Statistics on Thursday. For the first time, the survey included statistics on retiree
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      49 2 CONTENTS NEWS Top Stories 2-6 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 Dining L2-7 Home Garden L8-9 BT Wine Challenge L10-11 BT Corporate Golf L12-13 Motoring L14-15 Health L16 Real Estate 31
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      261 3 Ministry of Home Affairs presents GOVERNMENTWARE 2014 STRENGTHENING THE CYBER SECURITY ECOSYSTEM TCruwm nr u I IULUUJ PROCESS PEOPLE 23-25 SEPT 2014 SUNTEC SINGAPORE INTERNATIONAL CONVENTION EXHIBITION CENTRE As cyber attacks become increasingly sophisticated, it is also no longer feasible for a single entity to rely on its own capabilities
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      292 4 BT Infographics Formula speedfor The Business Times takes a look at the numbers that make up the Singapore Grand Prix before the serious racing begins this weekend Shallower rear wing flap and abolition of beam wing 2014 EXHAUST Single exhaust tailpipe angled upwards to remove aerodynamic advantage of exhaust flow
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      44 7 Mortgagee saleshere in firsteight monthshit four-year high To subscribe, call 6388-3838 or go to sphsubscription.com.sg 2Owncars? If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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      Lock icon Page 7 Advertisements Column 2
      556 7 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices it -7 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Tenor Total Amount Offered Minimum Denomination MAS 1 Intended Tender Amount 2 Issue Code ISIN Code Issue Date/Settlement Date Maturity Date 1 Coupon Rate Yield and
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The sustainability pioneer
      2278 8 / 9  -  He helped start the concept more than 30 years ago. Futurist thinker John Elkington says sustainability is not a soft notion, but about a global conflict for resources. By Cai Haoxiang By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT IN the Marina Bay Sands lounge where we are meeting, ear-splitting
      PHOTO: YEN MENG JIIN  -  2,278 words
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  • COMPANIES
    • Article
      Lock icon Loyz Energy, lender in row over S$4m loan
      927 10  -  Lender is claiming payment as a proposed note subscription falls through; Loyz says loan, note issue separate matters By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore A LEGAL tussle appears to be brewing between Singapore-list-ed oil and gas company Loyz Energy and Advance
      927 words
    • Article, Illustration
      Lock icon Bank of China to clear SGX derivatives
      441 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE’S position as an offshore renminbi (RMB) hub got a boost on Friday with the Singapore Exchange (SGX) partnering the Bank of China (BOC), making the latter the first Chinese settlement bank for the SGX derivatives market.
      441 words
    • Article
      Lock icon Lum Chang sells LCD Global stake
      445 11  -  Vendors of combined 29.5% stake include David Lum and Raymond Lum By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore LUM Chang Investments and other shareholders have sold a combined 29.5 per cent stake in LCD Global Investments to privately held JTrust Asia. LCD which owns, develops
      445 words
    • Article, Illustration
      Lock icon Realtor HSR’s commission scheme shakes status quo
      841 11  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore A FORMER banker and a major shareholder of two Singapore-list-ed companies, Tong Kooi Ong is one man whose penchant for shaking up the business turf and needling the big boys with his niche-market ideas in Malaysia has
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    • Article, Illustration
      Lock icon Fragrance plans to list Aussie business on Catalist
      239 11  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore FRAGRANCE Group has plans to spin off its property business in Australia and list it on Singapore’s Catalist board. The property developer’s share price rose to an intra-day high of 24.5 Singapore cents on Friday, before
      Source: Bloomberg  -  239 words
    • Article, Illustration
      Lock icon Scottish vote, FOMC meeting main features in quiet week
      638 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE two big events of the week just past were the US Federal Open Market Committee (FOMC) meeting and the Scottish referendum on independence. Both went the way of those bullish on stocks the
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    • Article
      Lock icon TOP GAINERS
      69 12 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 139.4 0.6 DBS Bk 4.7% NCPS 100 ***** 110.0 1.0 SPDRS S&P 500 10US$ ***** 106.4 0.4 Lyxor Indonesia10US$ 9356 103.9 0.9 DBXT Nifty 10US$ ***** 74.7 0.4 DBXT MSEurope 10US$ 6124 69.7 0.9 Lyxor ThaiSET 10US$ ***** 63.3 0.4
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    • Article
      Lock icon TOP LOSERS
      65 12 BY CENTS CLOSEDOWN DBXT USDIGInfl 5US$ ***** -174.8 -0.5 DBXT iBoxxSvEu 5US$ ***** -114.0 -0.3 DBXT AUDCS 5US$ ***** -87.4 -0.4 DBXT AUDCS 5SG$ ***** -85.0 -0.3 DBXT iBoxxUSTr 5US$ ***** -78.5 -0.3 DBXT DBLCI-OY 5US$ 3131 -44.3 -1.1 DBXT DBCBBBG10US$ 2712 -38.0 -1.1 DBXT MSKorea 10US$ 6263
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    • Article
      Lock icon Dark pools need to let light in and gain mass: Liquidnet CEO
      527 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore STRONG institutional volumes and increased transparency are necessary for dark pools to remain viable, said Liquidnet founder and chief executive Seth Merrin. “It’s difficult to build a functioning off-market trading venue,” Mr
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    • Article
      Lock icon TOP 20 ACTIVES
      213 12 VOL CLOSE SIIC Env i ronment 152,622 17 .5 0 8 4 .8 Dig i l and I nt l 71 ,857 0 1 0 0 0.0 Xpress 69,688 0 8 0 1 1 4 .3 EMS Energy 54,999 3 1 0 4 1 4 .8 Keppe
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    • Article
      Lock icon STI STOCKS
      116 12 Stock name Close Change Ascendas Reit 2.240 -0.030 CapitaLand 3.280 +0.050 CapitaMall Trust 1.930 -0.010 CityDev 9.730 +0.020 ComfortDelGro 2.490 +0.030 DBS Grp 18.13 -0.080 Genting Sing 1.120 -0.005 Global Logistic 2.800 Golden Agri-Res 0.505 HPH Trust USD 0.700 +0.005 HongkongLand USD 6.970 +0.070 JMH 400 USD 62.40
      116 words
    • Article, Illustration
      Lock icon Ley Choon’s asphalt-recycling plant opens
      413 13  -  S$30m plant, largest in S’pore by capacity, boasts a S$2m R&D centre By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore LOCAL underground-utili-ties infrastructure company Ley Choon Group Holdings has officially opened its S$30 million asphalt-re-cycling plant the largest in Singapore by production capacity. The construction of
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    • Article
      Lock icon Vivendi, Telefonica seal US$9.3b broadband deal
      138 13 Reuters Paris FRENCH media group Vivendi has closed the deal to sell its Brazilian broadband business GVT to Spain’s Telefonica for cash and shares worth around US$9.29 billion, the companies announced on Friday. Telefonica plans to fold GVT into its Vivo-branded Brazilian mobile phone
      Reuters  -  138 words
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      Lock icon Page 13 Advertisements Column 1
      175 13 STJOBS CALLING ALL HR PROFESSIONALS! II II Date 25 Sept. 2014, Thursday i in HI j *0 HES! K C 0,0 p 'VChomotnc 11 I L'M Time 2.00 5.00 IHI pm pm (Pre-registration starts at 1.30pm; tea break is included) •i* 11« in ii •ItK iT«r»nir«yiTc SSkh^nSBIh •MvTiBFciiiTif!iTTcW*TiMcR¥TiB!TTiaiT?^ Venue Hood
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  • SINGAPORE
    • Briefing
      • Article
        Lock icon A*Star signs MOU with Brazilian mining company
        88 14 BRAZILIAN mining company Vale on Friday signed a memorandum of understanding (MOU) with Singapore’s A*Star (Agency for Science, Technology and Research) to boost multi-disciplinary research and development. In what is the first-of-its-kind deal between the Singapore Government and a global mining company, the
        88 words
      • Article
        Lock icon YCH opens DistriCentre in Gimpo, South Korea
        117 14 LOGISTICS company YCH Group officially opened its YCH DistriCentre in Gimpo, South Korea on Friday. The warehouse facility in the Yangchon industrial zone was set up to serve automotive parts management and logistics for Swedish carmaker Volvo. The DistriCentre also serves as a
        117 words
      • Article
        Lock icon Douglas Foo elected as federation president
        36 14 SAKAE Holdings executive chairman Douglas Foo has been elected as the new president of the Singapore Manufacturing Federation. His two-year term begins on Oct 19, when George Huang steps down.
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    • Article, Illustration
      Lock icon Restructuring, productivity key to real, sustainable growth: Heng
      498 14  -  He says ‘cautious optimism’ underscored by tech advances, countries’ restructuring push By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT IF there is one lesson to be learned from dealing with the consequences of the last global financial crisis, it is that real, sustainable growth can
      PHOTO: LIANHE ZAOBAO  -  498 words
    • Article
      Lock icon Singapore ranked 4th out of 6 markets for workplace gender diversity
      567 14  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT SINGAPORE is behind Malaysia, China and Hong Kong in the area of female representation in the workplace, a study of six Asian markets has found. The Republic pipped only Japan and India in the
      567 words
    • Article, Illustration
      Lock icon Innovation in a traditional industry
      1078 15  -  Spearheaded by its gung-ho second-generation management, engineering firm Wong Fong is breaking new ground By Eugene Hong, Tay Shu Lin, Tay Jia Liang, Rachel Wong ~The writers are students from NUS Business School EVERY day, without a second thought, people toss trash into rubbish chutes
      PHOTO: ARTHUR LEE  -  1,078 words
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      Lock icon Page 16 Advertisements Column 1
      201 16 A Most UPHORIC JO AWAITS The Love a 9-ZO a /> o V ct\T\B Wine The Business Times Wine Challenge 2014 Award Ceremony Thursday, 9 October 2014 6.30pm 9.30pm The challenge to pick this year’s top wines culminated with a crop of superb vintages. Out of the 120 wines submitted,
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  • WORLD
    • Article, Illustration
      Lock icon US urges Japan, eurozone to do more for growth
      657 17 Germany says its economy is robust, and that Europe must continue fiscal reform Reuters [CAIRNS, Australia] US Treasury Secretary Jack Lew on Friday called on Japan and the eurozone to do more to spur growth as the global economy continues to
      Reuters; PHOTO: REUTERS  -  657 words
    • Article
      Lock icon Tokyo-Seoul-Beijing to put political issues aside for sake of economies
      298 17 Reuters Cairns, Australia FINANCIAL policymakers of Japan, China and South Korea have agreed to work together to ensure that geopolitical tensions will not threaten the region’s economic recovery. “We recognise that the global recovery continues, while it is uneven and
      Reuters  -  298 words
    • Article
      Lock icon ECB eyes capital quality of euro-area banks
      356 17 Signals tougher stance on lenders’ ability to withstand losses Bloomberg [FRANKFURT] The European Central Bank may use its regulatory clout to make sure euro-area lenders are adding the right kind of capital, not just the right amount. Policy makers say banks have added
      Bloomberg  -  356 words
    • Article
      Lock icon EU regulator mulls more tax probes
      169 18 Reuters Florence EUROPE’S antitrust chief is considering opening more investigations over the next few weeks into European Union (EU) tax loopholes exploited by global companies, following inquiries into Apple, Starbucks and Fiat. Corporate tax avoidance has been in the spotlight in recent years after
      Reuters  -  169 words
    • Article
      Lock icon SAP buys software maker Concur for US$7.4 billion
      414 18 The German company is aiming to boost its cloud-computing business Bloomberg Frankfurt SAP SE has agreed to buy Concur Technologies for about US$7.4 billion, the largest acquisition by the German software maker and months after Bill McDermott took over as sole chief
      Bloomberg  -  414 words
    • Article, Illustration
      Lock icon Microsoft axes 2,100 jobs
      399 18 AFP San Francisco MICROSOFT said that it has axed 2,100 jobs in a second round of cuts which were announced earlier this year. The US technology titan in July unveiled plans to slash a total of 18,000 jobs from its global workforce during the course of
      AFP  -  399 words
    • Article
      Lock icon YouTube plans to spend more to create own programmes
      206 18 Bloomberg San Francisco GOOGLE Inc’s YouTube is reaching into its pockets again to develop more Web programming. The online video sharing service is investing in its top talent to fund new content, Alex Carloss, head of YouTube Originals, said in a
      Bloomberg  -  206 words
    • Article
      Lock icon China fines Glaxo £297m in bribery case
      386 19 Court also imposes suspended prison sentence on firm’s former top executive Bloomberg Paris CHINA fined GlaxoSmithKline Plc £297 million (S$616 million) and imposed a suspended prison sentence on an executive for bribing doctors, capping a 15-month investigation that curbed the UK drugmaker’s sales.
      Bloomberg  -  386 words
    • Article, Illustration
      Lock icon Modi needs to cut red tape to use the billions from China and Japan
      877 19 Bloomberg New Delhi A BEAR hug, a riverfront stroll and a swing-set session helped Prime Minister Narendra Modi win more than US$53 billion in loans and investment pledges from China and Japan this month. He’ll need
      Bloomberg; PHOTO: REUTERS  -  877 words
    • Article
      Lock icon China slowdown yet to hit bottom even after PBOC stimulus
      254 19 WP Beijing CHINA’S growth trajectory is still pointing down, even after an US$81 billion liquidity injection. The People’s Bank of China (PBOC) move to provide 500 billion yuan (S$ 103 billion) of three-month funds to the country’s five largest banks
      WP  -  254 words
    • Article, Illustration
      Lock icon Yen slumps to another 6-year low vs dollar
      575 20  -  But BOJ governor sees ‘no major problem’ with depreciation By Anthony Rowley in Tokyo THE value of the yen continued to plunge on Friday, slumping to another six-year low of 109.46 to the dollar in Tokyo trading and fanning market speculation that
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    • Briefing
    • Article
      Lock icon China to help brokerages expand by easing curbs on IPOs
      284 20 Bloomberg Beijing CHINA will ease restrictions on initial public offerings by brokerages to aid them in their expansion plans as the government seeks to make domestic players more globally competitive. The China Securities Regulatory Commission (CSRC) will scrap requirements that
      Bloomberg  -  284 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8174 21 Transaction date: Sep 19 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 13.2 10.4 8Telecom 12.6 -0.4 120 13.2 12.6 12.7 13.2 6.3 1 16.4 60.3 14.7 7.5 A-Sonic Aero 7.6 -0.1 154
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    • Article
      Lock icon SGX CATALIST
      2091 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 $mil 33 25 t 3Cnergy 500 33 29 39.6 48.5 22 t 800 Super 47 unch 494 47.5 45.5 46.5 47 5 2.1 9.4 84 5
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 4 0 0 0 7 4 4 Manufacturing 58 43 44 9 6 11 67 49 55 Commerce 25 17 21 7 4 5 32 21 26 Tpt/Stor/Comms 20 11 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      766 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 15 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) PACC Offshore 18-Sep-14 Ahmad Sufian Buy 10 0.83 1000 0.05 1010 0.06 Edition Ltd 17-Sep-14 Ong Boon
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,935 27,935 65,554 65,554 Manufacturing 324,761 59,675 384,436 141,087 6,215 147,302 Commerce 156,694 43,566 200,260 78,867 2,752 81,619 Tpt/Stor/Comms 86,538 27,930 114,468 130,196 5,674 135,870 Finance 16,153 43 16,196 171,619 9 171,627 Construction 32,200 55,374
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Sep 18 COCOA (£/tonne) Close Prev High Low Dec 14 2065 2045 2070 2044 Mar 15 2019 1999 2025 1998 May 15 2000 1981 2005 1982 Jul 15 1985 1969 1991 1969 COFFEE(US$/tonne) Close Prev High Low Sep 14 1966 1956 1980 1972 Nov 14 1961 1977 1985 1953
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    • Article
      Lock icon METALS
      67 25 Sep 19 GOLD(US$/oz) Sep 19 Sep 18 Hong Kong 1224.00 1228.00 Sep 18 Sep 17 London 1226.63 1235.98 1227.19 1236.49 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 23.91 23.13 Source: UOB PLATINUM Lon (US$/oz) Sep 18 Close Previous PM Fix 1344.00 1365.00 AM Fix 1350.00 1366.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Sep 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2154.0 2170.0 2157.0 2130.0 1539 7866 Nov 14 2121.0 2144.0 2135.0 2106.0 ***** ***** Dec 14 2123.0 2145.0 2135.0 2105.0 ***** ***** Jan 15 2150.0 2163.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 25 Sep 19 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-16 106.1 5-Year NX*****W 2.5 01-Jun-19 104.19 104.42 104.30 10-Year NY*****H 3.000 01-Sep-24 103.78 104.00
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Sep 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1338 1.1349 0.8950 0.8956 Canadian dollar 1.1553 1.1562 0.9124 0.9120 Euro 1.6329 1.6337 1.2890 1.2892 NZ dollar 1.0303 1.0311 0.8133 0.8137 Sterling pound 2.0858 2.0872 1.6465 1.6471
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Sep 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.178 1.133 Euro 1.674 1.595 Sterling pound 2.121 2.040 NZ dollar 1.056 1.016 US dollar 1.292 1.231 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon CHICAGO BOT
      108 25 Sep 18 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 14 971.50 982.50 986.50 970.75 Jan 15 979.50 990.75 994.50 979.00 Mar 15 987.00 998.75 1002.25 986.50 May 15 994.25 1006.25 1009.25 993.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Oct 14 32.72 33.39 33.58
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +4.34% 52-week high: 3,387.84 on July 31,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 25 YTD change: +4.29% 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
        20 25 YTD change:+10.09% 52-week high: 2,347.94 on Sept 16,2014 52-week low: 1,974.38 on March 12,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: +0.18% 52-week high: 16,364.08 on Sept 19,2014 52-week low: 13,748.94 on Oct 8,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: +4.16% 52-week high: 17,275.37 on Sept 18,2014 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 LONDON METALS
      72 25 Sep 18 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1947.00 1961.25 3 months 1981.50 1999.00 Copper, Grade A (US$/tonne) Cash 6886.75 6973.50 3 months 6842.50 6931.00 Lead (US$/tonne) Cash 2065.25 2093.50 3 months 2080.00 2108.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon OIL
      68 25 Sep 18 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 97.87 -0.95 WTI (Near Mth) 93.09 -1.08 Dubai (1-Mth F) 97.09 -0.51 Tapis blend 100.52 -0.39 Minas 96.02 -0.39 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.83 -0.73 Jet Kerosene 111.78 -0.35 US$/barrel OpecOil Basket Price 95.19
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 18 Index Change Change Change Change Change Change World Preliminary 1262.1 0.5 6.6 0.6 5.2 0.4 4.9 EAFE Preliminary 986.4 0.7 3.1 0.7 -0.3 0.4 -0.6 Europe Preliminary 1411.3 0.7 4.2
      373 words
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      Lock icon Get ready for the Smartness of Things
      943 26 / 27  -  It’s an exciting trend building rapidly around us a game-changing step up from the IoT. And innovative companies will reap huge benefits. By Tan Pheng Hock By By Tan Pheng Hock ~The writer is president CEO of ST Engineering, the only Singapore company
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      Lock icon Spoof ads: when imitation invites more flattery
      813 26 / 27  -  A case in point is the Ikea ad that resonates with viewers By Ang Swee Hoon ~The writer is associate professor of marketing at the National University of Singapore Business School SPOOFS are familiar to us we often see them on television shows
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      348 26 / 27 SATURDAY with Ludwig ‘Watch out for the new driver I’ve heard he only drives at night.’ CRYPTIC CROSSWORD Across 1 Antagonism in work place (10) 6 Unusual getting second chances (4) 10 Socially dominant in sacred river area (5) 11 Not entirely risky acquiring horse for old coach (9) 12
      348 words
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        Lock icon Allure of Alibaba is in headline numbers
        1337 28 / 29  -  But there are question marks over its odd corporate structure, investor protection and who exactly is checking the company’s books. By Peter Eavis By Peter Eavis NYT On Friday, when the Alibaba Group starts trading on the New York Stock Exchange, many people
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        Lock icon BROKERS’ TAKE
        721 28 / 29  -  Compiled by Andrea Soh Keppel Land BUY OCBC Investment Research Sept 19 Close: S$3.46 Keppel Land (KPLD) announced that it has entered into a conditional agreement to sell its one-third stake in Marina Bay Financial Centre Tower 3 (MBFC T3) at a valuation of S$1,248m or S$2,790 psf,
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        1155 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 6 AND AUG 12, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 08/08/2014 99 1130 2200 1947 Marina Bay Residences Apt 12/08/2014
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        Lock icon Five new ECs break 9-month dry spell
        880 31  -  It’s unclear if they will benefit from pent-up demand amid selective buying and unsold units By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FIVE executive condominiums (EC) are coming onto the market, after a nine-month drought in EC launches, but consultants and developers alike are
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        Lock icon Lone Star to buy 38 US hotels from Hyatt for US$590 million
        220 31 Bloomberg Los Angeles LONE Star Funds, the privateequity firm founded by billionaire John Grayken, has agreed to buy 38 US select-service hotels from Hyatt Hotels Corp for about US$590 million. The purchase consists of about 4,950 rooms at
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      160 32 ANDGOLDPINKIN32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. AN EVOLUTION OF THE RULE BREAKING AUDEMARS PIGUET ROYAL OAK LUXURY SPORTS WATCH, THE ROYAL OAK OFFSHORE POSESSES A DRAMATIC AND PURPOSEFUL AESTHETIC THAT TURNS FUNCTIONAL ELEMENTS INTO ICONIC DESIGN FEATURES. AT 44 MILLIMETRES DIAMETER, THE OFFSHORE COMMANDS A UNIQUE
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      61 1 LivingBTTHE BUSINESS TIMES WEEKEND SEPTEMBER 20 21 2014 CULINARY SHAKE-UP Prominent restaurant departures, closures and takeovers in S’pore’s dynamic F&B scene L2-4 PHOTO: HOPSCOTCH BT WINE CHALLENGE Latin passion L10-11 MOTORING Sharper, spicier Cayenne L15 DINING Mass appeal L5-7 HEALTH Know your heart specialist L16 HOME GARDEN Their Kallang high
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        Lock icon CULINARY SHAKE-UP
        2378 2 / 3  -  The only constant in Singapore’s ever dynamic F&B scene is change. Debbie Yong rounds up a recent spate of prominent restaurant departures, closures and takeovers Debbie Yong debyong@sph.com.sg @DebbieYongBT TAKEOVER 1 The Bedok Marketplace Block 348 Bedok Road www.facebook.com/ thebedokmarketplace ONCE bitten, twice shy? Not for Sean Goh.
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        Lock icon See (Michelin) stars
        564 4  -  Pop-up restaurant 4XFOUR is returning in November with a line-up of internationally acclaimed chefs. By Debbie Yong By Debbie Yong debyong@sph.com.sg @DebbieYongBT SINGAPORE’S first full-service pop-up restaurant, 4XFOUR, is making a return in November, armed with a star-stud-ded line-up of Miche-lin-starred chefs and award-winning partner restaurants. Up
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        Lock icon Mass appeal
        1756 5  -  Do you want to impress fine diners with your culinary prowess or dazzle a bigger crowd with an exquisitely prepared hot dog? Chefs find that it makes more business sense to go the smart casual route, says Tiong Li Cheng Tiong Li Cheng LIKE the main character in
        PARK BENCH DELI PHOTOS: ELTON CHEONG; PHOTOS: JW RETAIL; PHOTOS: YEN MENG JIIN; FILE PHOTO  -  1,756 words
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        Lock icon Their Kallang high point
        1082 8 / 9  -  Own My Grain founders Michelle Tan and her husband have remodelled their 26th floor apartment from a ‘safe’ condo to a fuss-free home, with clean lines, and a slight Scandinavian look. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT SOME years
        PHOTOS: JOSEPH NAIR  -  1,082 words
    • BT WINE CHALLENGE 2014
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        1355 10 / 11  -  Two grape varieties, from Spain and Italy, dominate four of the wines, and the fifth is a classic French Bordeaux blend. By Suzanne Brocklehurst By Suzanne Brocklehurst MOST people would agree that the most important factor in quality wine production is the choice of grape variety. Clearly, where
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        Lock icon SunMoon still shining bright
        1070 12  -  But Team Emerio is catching up, and they have put in an impressive performance with the second-highest score during the fifth round. By Justine Moss By Justine Moss After round five of the 2014 Business Times Corporate Golf League, which was held on Singapore Island Country
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        Lock icon The loyal supporter
        347 12 TEAM Emerio have been participating in the league for four years. Says team captain Harish Nim: “When Patrick Daniel invited me the first time, I immediately accepted and over the years it has become a must-participate event. The camaraderie among the competing teams is great, the courses
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        Lock icon Swapping scalpels for clubs
        399 12 MEMBERS of this team are based at either one of the Mount Elizabeth branded facilities Mount Elizabeth Hospital or Mount Elizabeth Novena Hospital. Other participants in the team are from various other organisations, and according to team captain Dr Kelvin Loh, who is also chief executive
        399 words
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        Lock icon Seb, SIA and the Singapore GP
        530 13  -  This year’s S’pore Grand Prix gets a new title sponsor and a new championship leader. By Samuel Ee f1 watch By Samuel Ee WHAT a difference a year makes. This time last year, Red Bull’s Sebastian Vettel was on top of the world. He
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        Lock icon Sharper, spicier Cayenne
        650 14  -  The Porsche Cayenne gets a makeover and a new, more efficient engine. By Samuel Ee samuelee@sph.com.sg THERE is something different about the Porsche Cayenne. The German sports car manufacturer’s mid-sized SUV is supposed to have been given a mere facelift in mid-life but it looks distinctly different.
        650 words
    • HEALTH
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        Lock icon Know your heart specialist
        1525 15  -  If you need to go for a balloon or stent procedure, it is best to find out how much experience your specialist has Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, a journal
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      897 6 / 7 wine& dine with BTWeekend Marina Mandarin Singapore 6 Raffles Boulevard New Beginnings, Classic Traditions at Marina Mandarin A lifetime of journey begins at Marina Mandarin with your bespoke wedding planned to perfection. Enjoy numerous privileges thoughtfully accentuated in your customised package by personalised wedding specialists. Enjoy complimentary wine and beer
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      196 10 / 11 This is the fourth in a series of five articles featuring 30 wines shortlisted for The Business Times Wine Challenge 2014 CEOs’ Choice, in partnership with UBS. The wine awards is in its second year, and is the only one to reflect the palate of Singapore‘s business elite. Wines submitted
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      79 12 'X. u 2014 THE BUSINESS TIMES CORPORATE GOLF LEAGUE presented by Audi Hole-ln-One Sponsors iUDEMARS PlGUET World Golfers Championship Audi _l_l MBS STEAM! Sponsors enturion Gmhi Networking Night Partner Operated by Singapore Media Partner QysBl PEAKr Co-organised by GolfDigest POOLS 3LT Partners Ace Medical ambient lounge® Services AYUTIIAYA is.mtuiHurt BOSS
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