The Business Times, 22 September 2014
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2014-09-22
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The Business Times
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Title Section25 2014-09-22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Monday, eptember 22, 201425 words
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Article, Illustration687 2014-09-22 1 SIOW LI SEN - Top Japan bank to boost staff strength at its office here by about 50 per cent over the next few years By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] Japan’s Mizuho Bank is ramping up its overseas expansion, with Singapore playing a pivotal role687 words
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Article, Illustration990 2014-09-22 1 SAMUEL EE - Hamilton scores his seventh win of the season at S’pore GP By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Lewis Hamilton sped ahead of the pack in Sunday’s 2014 Singapore Grand Prix for his seventh win of the season. The Mercedes driver now takes over the FormulaPHOTO: YEN MENG JIIN - 990 words
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MARKETS DIGEST
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Article57 2014-09-22 1 Weekly Change ST INDEX 3,305.05 -40.50 KL COMP 1,849.49 -6.15 NIKKEI 225 16,321.17 +372.88 HANG SENG 24,306.16 -289.16 SET INDEX 1,584.91 +3.55 JAKARTA COMP 5,227.58 +83.87 MANILA COMP 7,287.29 +85.41 SEOUL COMP 2,053.82 +11.96 SHENZHEN B 970.48 -2.72 MUMBAI IND 27,090.42 +29.38 DOW 17,279.74 +292.23 NASDAQ 4,579.79 +12.19 S&P57 words
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Article19 2014-09-22 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 JAPAN 15.106 TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg19 words
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Article49 2014-09-22 1 US$ 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 0.97049 words
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Advertisement71 2014-09-22 1 BOARDROOM MATTERS Enter the social enterprise PAGE 7 TOP LINE Knight Frank on staying relevant to grow the company PAGE 6 DINING OUT Tapas bar packs heft in bites PAGE 20 VIEWS FROM THE TOP Keeping personal data personal PAGES 12-13 OYSTER PERPETUAL SKY-DWELLER t ROLEX S i 8 S71 words
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Advertisement32 2014-09-22 1 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. 8 "8 8 7 1 8 I 11 *****432 words
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TOP STORIES
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797 2014-09-22 2 ROB CURRAN - Fed’s rate hike policy, US dollar strength, M&A deals all seen positive for market WALL STREET INSIGHT By ROB CURRAN LAST week, US stocks set new records after the Federal Reserve executed a shift away from extraordinary stimulus to a rate-hiking797 words
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Article, Illustration488 2014-09-22 2 NISHA RAMCHANDANI - By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] More than 84,450 tickets were sold for the 2014 Formula 1 Singapore Grand Prix, slightly lower than last year but the third highest attendance since the nation’s inaugural race in 2008. In an update onPHOTO: YEN MENG JIIN - 488 words
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Article259 2014-09-22 2 S’pore pivot in Mizuho’s Asia expansion JAPAN’S Mizuho Bank is ramping up its overseas expansion, with Singapore playing a pivotal role. FRONT PAGE Silent night, hazy night LEWIS Hamilton sped ahead of the pack for his seventh Formula One win of the season. FRONT PAGE Dow looks set259 words
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713 2014-09-22 2 ANTHONY ROWLEY - Lack of resistance suggests currency may fall further BY ANTHONY ROWLEY in Tokyo DESPITE the yen’s sharp and continuing drop against the dollar and other major currencies, the issue sparked little comment or controversy among advanced or emerging economies at the Group713 words
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Article49 2014-09-22 2 IN “Five new ECs break 9-month dry spell” (BT, Sept 20), the booking date for Bellewoods should be Nov 1, not Oct 15 to Nov 2. And the e-application dates for Bellewaters should be Oct 15 to Nov 2, not Nov 1. We are sorry for the errors.49 words
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Article, Illustration727 2014-09-22 4 AMIT ROY CHOUDHURY - Its unit Quantium Solutions is building an end-to-end e-commerce platform E-COMMERCE BOOM By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT [SINGAPORE] Singapore Post (SingPost) is well on its way to transforming itself from a government monopoly delivering letters and parcels into a highly competitive regional e-com-merce power727 words
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Article, Illustration917 2014-09-22 4 AMIT ROY CHOUDHURY - Revenues are predicted to hit S$4.4b by next year By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT [SINGAPORE] More Singaporeans are opting to buy things like clothes, electronic goods, books and even groceries online instead of going to a physical store. And this showsCompiled by BT, BT Graphics - 917 words
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775 2014-09-22 4 JAN LEE - BY JAN LEE jan|ee@sph.com.sg [SINGAPORE] When USbased Groupon bought the homegrown Beeconomic deal-buying site a few years back for the reported sum of US$24 million, deal-buy-ing sites were all the rage. Deal-buying sites which generally feature daily “deals” (heavily discounted products and services)775 words
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Advertisement92 2014-09-22 2 9 m '911 Tsinghua University bIS m tr t t+ 2, £*h-&+»PIC BONUS $15,000 pi (i*tWH: 2015<T4>j-2l»6fr5(j) •'VJ.ii m.KMU'A t. mrlaa, ft#, fttt, M»AX#iRm MA4WX—#ft&! £LWW±iS iiW<dV. Km&e. j 13 13 lil mm *Kit»ttS k ti *m qmvtnfa ik#«? <aOT.WiWr.HfiK^va ■v v; .*a«* R A P P L E S92 words
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Advertisement107 2014-09-22 2 ASTANA ALMATY •w f Seoul Beijing l\ Bangkok Kuala Lumpur* Hong Kong Ho Chi Minh Beijing Almaty ■4 1 5 times a week Beijing Astana 2 times a week Kuala Lumpur Almaty 3 times a week Seoul Almaty jjk 3 times a week Bangkok Almaty 7 times a week Hong107 words
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Advertisement121 2014-09-22 3 AMAZING IN MOTION mi* k V d r > s j > x > iw> A TAKUMI CRAFTS WITH HIS SENSES, SO THAT HE CAN STIR YOURS. It is an art to make a Lexus truly a Lexus, Our secret? The Takumi, Master craftsmen who are specially selected for performing121 words
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Advertisement117 2014-09-22 4 SHOWTIME PRODUCTIONS AND EFG BANK PRESENT DOGG THE PERFORMING TUNES FROM THEIR NEW VERVE ALBUM RELEASE DAG BY PHOTO SINGAM’S WITH THEJAZZ-BLUES BROTHERS RANI MONTEIRO; VARIAN BY PHOTOS MARSICO’S ALBERTO ALSO FEATURING RANI SINGAM 'i ALBERTO MONTEIRO JEREMY 26 27 SEPT 2014 8PM Come catch Jeremy Monteiro Alberto Marsico LOCATION:117 words
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Advertisement137 2014-09-22 5 AMAZING IN MOTION V' ,W> A TRIBUTE TO YOUR SENSES THE LEXUS ES, EXPERIENCE THE ESSENCE OF LUXURY Immerse in comfort. Revel in spaciousness. Indulge in quietness, The Lexus ES is the essence of luxury, crafted to touch your senses. Artfully sculpted with the impeccable craftsmanship of a Takumi, the137 words
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COMPANY NEWS
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Article, Illustration1110 2014-09-22 6 KALPANA RASHIWALA - KALPANA RASHIWALA looks at how Knight Frank, which celebrates its 75th anniversary in S’pore next year, has capitalised on its deep understanding of the changes in the business environment to grow the company TOPLINE KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT THESE days, the issue of succession planning takesPHOTO: YEN MENG JIIN - 1,110 words
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329 2014-09-22 6 KALPANA RASHIWALA - By KALPANA RASHIWALA PROPERTY consultants may be tempted to invest in real estate, but to be a good consultant, one needs to be somewhat detached and not get carried away, says a veteran in the business. “Some of them think that with the329 words
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Article1141 2014-09-22 6 Payment Ex Rec Pay Ann (cts) date date date date Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMSAMP Cap Reit (1 Apr-30 Jun 2014) ct 2.550 05-Aug 07-Aug 23-Sep 30-Jul Amtek Engg ak 1.000 03-Nov 05-Nov 20-Nov 29-Aug Asian Pay Tv Tr (1 Jan-30 Jun 2014)1,141 words
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Article, Illustration772 2014-09-22 7 HONG TEO MEE - Involvement with social enterprises is one way in which companies and directors can be a force for good in the emerging world of the new capitalism, says TEO MEE HONG TEO MEE HONG The writer is a member of the Conference Committee of the Singapore Institute772 words
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180 2014-09-22 7 CAI HAOXIANG - By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT A SUBSIDIARY of property developer Oxley Holdings has signed an agreement on a Myanmar project. Oxley Myanmar will build a 20-storey commercial and residential development called Min Residence in Mayangon Township in northern Yangon. The project will last180 words
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Article268 2014-09-22 7 Sep 19 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 ...6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi UFJ, Ltd Banque Internationale a ...5.50 Bank of Taiwan Chang Hwa268 words
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267 2014-09-22 7 KENNETH LIM - By KENNETH LIM kenlim@sph.com.sg @KennethLimBT SINGAPORE Exchange (SGX) has launched a new online stock information portal as it steps up its courtship of retail investors amid weak market liquidity. The StockFacts product allows investors to screen for stocks based on 20 different criteria,267 words
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1552 2014-09-22 9 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was high for the fourth straight week while the selling among directors was flat based on filings on Singapore Exchange in the third week of September. A total of 191,552 words
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Article167 2014-09-22 9 COMPANY MEETING PLACE DATE TIME S’pore Exchange A NTUC Auditorium 1 Marina Boulevard (Lvl 7) 25-Sep 10.00am Tee Land Limited A Windsor Room Level 2 25-Sep 9.00am E The Elizabeth Hotel 25-Sep 9.15am 24 Mount Elizabeth Lian Beng Group A 29 Harrison Road 26-Sep 10.00am E Lian Beng167 words
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Advertisement186 2014-09-22 7 Amundi ranks Top 10 worldwide in the asset management industry -4 ■m m, Earning your confidence through 25 years of sound investment solutions in Singapore. 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 f 'V.---'V’sJ Amundi, your trusted investment partner Meeting your needs186 words
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SINGAPORE MARKETS
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Article, Illustration612 2014-09-22 8 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent SCOTLAND voted “no” to independence and the US Federal Reserve reassured markets that interest rates will remain depressed for a “considerable time” after October. Those were last week’s features and, it has to be said,612 words
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868 2014-09-22 8 COMMODITIES AFP [LONDON] Oil prices last week endured a volatile period and metals futures fell as the US dollar strengthened and Chinese economic data disappointed markets. Oil: World oil prices edged higher, with Brent crude recovering from a two-year low point forgedAFP - 868 words
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Article1590 2014-09-22 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 10.09 14.13 1.55 1.43 Amtek Engineering Ltd 3.00 3.00 2 0.07 7.41 0.57 0.61 ARA Asset Management 1.75 2.001,590 words
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521 2014-09-22 8 CURRENCIES Bloomberg [NEW YORK] The greenback had the longest rally last week since the mid-1960s as the US Federal Reserve signalled that interest rates will rise next year while other central banks pushed stimulus plans. The US Dollar Index rose for aBloomberg - 521 words
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Article77 2014-09-22 8 Sep 19 VALUE CLOSE BT OB/OS -652.00 +117.00 BT CADI -*****.00 +72.00 BT 10-day MA -*****.00 -65.00 FTSE ST Mid Cap 765.57 +2.08 FTSE ST Small Cap 539.31 +0.68 FTSE ST All Share 801.55 +1.87 FTSE ST China Top 195.32 +0.04 FTSE ST China 227.94 +0.55 FTSE77 words
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Article57 2014-09-22 8 VOLUME Singapore eDev 852,411,000 APAC Strategic 302,935,000 IHC 279,793,000 Digiland Intl 263,820,000 Xpress 216,733,000 SIIC Environment 210,658,000 ThaiBev 205,996,000 Genting Sing 204,102,000 Noble 171,440,000 Mirach Energy 153,563,000 VALUE($) DBS Grp 322,112,056 SingTel 291,680,980 Noble 236,620,251 OCBC Bank 235,162,054 Genting Sing 228,696,862 Keppel Corp 205,449,883 UOB 194,208,290 ThaiBev57 words
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Article121 2014-09-22 8 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 335.7 1.6 SPDRS S&P 500 10US$ ***** 179.9 0.7 DBXT MSEurope 10US$ 6124 119.1 1.6 Lyxor ThaiSET 10US$ ***** 119.1 0.7 IS S&P500 ***** 107.7 0.4 Lyxor Indonesia10US$ 9356 81.1 0.7 DBXT E50 10US$ 5288 68.4 1.0 DBXT MSUSA 10US$ 5076121 words
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Article127 2014-09-22 8 BY CENTS CLOSE DOWN DBXT EONIA 5US$ ***** -827.2 -3.5 DBXT USDIGInfl 5US$ ***** -559.9 -1.6 DBXT AUDCS 5US$ ***** -285.0 -1.2 DBXT AUDCS 5SG$ ***** -211.0 -0.9 DBXT SPASX200 10US$ 4049 -171.0 -3.2 GLD 10US$ ***** -157.1 -1.0 DBXT iBoxxKR 5US$ ***** -146.9 -0.7 DBXT iBoxxSvEu 5US$ *****127 words
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Page 9 Advertisements
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Advertisement592 2014-09-22 9 New Connection to the Marina Coastal Expressway (MCE) INTERNATIONAL PLAZA STREET MAXWELL ROAD ANSON ROAD CECIL ROBINSON LAU PA SAT ROAD WAY KEPPEL ROAD AXA TOWER Opening 28 September 2014, from 5am SHENTON To AYE (Tuas) MAS BUILDING AYE KEPPEL Marina Bay Fire Station NeighbourhoodPolice Centre ONE RAFFLES QUAY ROAD592 words
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Page 10 Advertisements
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Advertisement335 2014-09-22 10 the Business Times Get the big picture anytime, anywhere Subscribe to The Business Times All-in-One PLUS and receive the Dell Mobile Projector M115HD worth S$1,000. 44.99 /month THE BUSINESS TIMES ALL IN ONE PLUS The Business Times ta ks <°Luxury watch sales United Engineers as?. seen picking up in H2335 words
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SINGAPORE NEWS
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428 2014-09-22 11 JAN LEE - US firm CustomPax sets up its regional HQ here to tap Asia-Pacific market By JAN LEE janlee@sph.com.sg CUSTOMPAX, a Silicon Valley firm that specialises in making customised supplements such as vitamins, has set up its regional headquarters in Singapore. CustomPax’s decision to penetrate the428 words
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245 2014-09-22 11 CAI HAOXIANG - By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT SEVENTY St Patrick’s, a 186-unit freehold condominium in East Coast by developer UOL Group, sold around 100 units when privately launched over the weekend. Units were sold at an average price of S$1,630 per245 words
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Article, Illustration484 2014-09-22 11 MINDY TAN - By MINDY TAN tanmindy@sph.com.sg @MindyTanBT M1 holding charity carnival with dance contest M1 will hold a charity carnival to raise funds for its adopted charities, including Beyond Social Services and Children-At-Risk Empowerment Association. The carnival will be held together with M1 Dance Mania, a dance competition, on OctPHOTO: MDIS - 484 words
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Page 11 Advertisements
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Advertisement453 2014-09-22 11 FUTURE READY-NOW SMU EXECUTIVE DEVELOPMENT SMU Executive Development enables executives to be “Future Ready-Now”, equipping them with the knowledge, skills and confidence that managers and leaders operating in Asia and globally require today and will be increasingly demanded in the future. Our portfolio of programmes empowers you to make key453 words
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VIEWS FROM THE TOP
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Article, Illustration4657 2014-09-22 12 THIS WEEK’S TOPIC: What has been the impact, if any, of the Personal Data Protection Act (PDPA) on your organisation so far? Wong Kim Yin CEO Singapore Power IT is important for businesses to establish a trusted relationship with their customers, especially for us at SingaporePHOTO: BLOOMBERG - 4,657 words
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Page 13 Advertisements
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Advertisement12 2014-09-22 13 A complete list of views from CEOs is also available at http://businesstimes.com.sg12 words
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Advertisement103 2014-09-22 13 WE SEE OPPORTUNITY FOR INCOME INVESTORS Over the next 3 to 5 years, an overhang of global leverage and subpar growth will likely limit policy makers' ability to substantially raise interest rates. This environment creates a challenge for investors how do you generate sustainable, attractive levels of income while preserving103 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1183 2014-09-22 14 MATTHEW SUTHERLAND - Money that flowed into Europe is seeking a new home in Asia, which could be poised for a renaissance, says MATTHEW SUTHERLAND MATTHEW SUTHERLAND The writer is senior investment director, Fidelity Worldwide Investment FOR a long time, developed market equities led the equityPHOTOS: AFP, REUTERS - 1,183 words
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Article, Illustration1012 2014-09-22 14 CAI HAOXIANG - A lot, it seems, with savings rates of 33% to 69% as per latest data. But about 25 percentage points is probably due to CPF MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent ONE of the regular messages from this column on managing one’s personal finances1,012 words
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Page 14 Advertisements
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Advertisement156 2014-09-22 14 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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MALAYSIA/INDONESIA
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Article, Illustration789 2014-09-22 15 No let-up seen in fiscal consolidation as KL strives to cut deficit, debt level [KUALA LUMPUR] The Malaysian government is expected to introduce mitigating measures in next month’s budget to alleviate the rising cost of living and provide new incentives toPHOTO: AFP - 789 words
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Article1338 2014-09-22 15 VOL Sep 19 RM +/-(‘000) A M Realty 1.29 unch 148 VOL Advance Synerg 0.21 unch 1504 Adventa Bhd 1.04 0.01 13 Ae Multi Hldgs 0.24 0.01 1430 Affin Holdings 3.43 0.03 193 Ahmad Zaki Res 0.75 -0.02 2071 Abric Bhd Alliance Finan 5.06 0.08 3810 Aluminium Co1,338 words
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452 2014-09-22 15 Reuters Reuters [INCHEON, South Korea] Indonesia faces a race against time to be ready to host the Asian Games a year early but officials say they are confident everything will be in order after taking over the continent’s biggest multi-sportsReuters Reuters - 452 words
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Page 15 Advertisements
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Advertisement165 2014-09-22 15 Deutsche Bank By invitation db.com m r m W 4th Annual Women in Asian Business Conference W i Leading with Inclusion September 25, 2014 M 4 'P&rfivyyL ft W i K r .-.-■kif. ,v Featured speakers In conversation with Professor Mahzarin R. Banaji Richard Clarke Cabot Professor of Social Ethics,165 words
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CHINA/INDIA
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Article, Illustration948 2014-09-22 16 Wealthy Chinese are biggest foreign buyers of property in Seattle NYT [SEATTLE] As the Chinese wealthy stash more of their fortunes overseas, they’re bidding up the value of everything from bitcoins and Burgundy to Picassos and pink diamonds. And, increasingly, China’s rich are alsoNYT; PHOTO: NYT - 948 words
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441 2014-09-22 16 WP [NEW DELHI] Pigs, push-cart vendors and BMWs converge at an intersection in the Indian city of Kanpur, ignoring a stoplight that routinely malfunctions. Mayor Jagat Vir Singh Drona wants to fix the light and hire more police to contain the trafficWP - 441 words
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Article, Illustration689 2014-09-22 16 Move called new era of civil disobedience against Beijing AFP [HONG KONG] Thousands of Hong Kong students will begin a week-long boycott of classes today, the start of what democracy activists say will be a wider campaign of civil disobedience against Beijing’sAFP; PHOTO: REUTERS - 689 words
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Page 16 Advertisements
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Advertisement558 2014-09-22 16 THE THINK BIG ENTREPRENEURS CONVENTION 2014 KNOW TODAY’S CUSTOMER Discerning. Connected. Has choices. Whether you are in retail or B2B, service or F&B, your customer today is an evolved entity. Understanding her profile is only the first step to closing a sale. The more important question is how to reach,558 words
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WORLD
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Article, Illustration773 2014-09-22 17 A big push is made to loosen European Investment Bank’s purse-strings AFP [BRUSSELS] With the eurozone’s moribund economy once more sparking global f ears th e re g i on s cash-strapped leaders are now hoping the EU’s investment bank can pullAFP; PHOTO: REUTERS - 773 words
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Article, Illustration466 2014-09-22 17 Bailout fund chief sees no need for ‘small interventions’ Reuters [ATHENS] Greece’s international creditors have no appetite for considering a “haircut” as a way to lighten its debt load, the head of the European Stability Mechanism (ESM), the eurozone’s bailout fundReuters - 466 words
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Article, Illustration666 2014-09-22 18 Company’s core business now needs to stand alone from its Alibaba stake Bloomberg [NEW YORK] Yahoo! Inc is now worth less than the value of its Asian assets. The Web portal’s shares fell 2.7 per cent after Alibaba Group Holding which Yahoo owns aBloomberg - 666 words
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Article, Illustration1078 2014-09-22 18 Tuesday’s summit to see record number of world leaders NYT [NEW YORK] The United Nations is convening on Tuesday the largest gathering of world leaders ever devoted to climate change, and some bold proclamations are expected. Africa willNYT; PHOTO:REUTERS - 1,078 words
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Article, Illustration1000 2014-09-22 19 It vows to monitor rising risks and to meet its exchange rate commitments Bloomberg [CANBERRA] Group of 20 (G-20) finance chiefs and central bankers said low interest rates are contributing to a potential increase in financial market risk, as major policymakers relyBloomberg; PHOTO: AFP - 1,000 words
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Article, Illustration725 2014-09-22 19 WP [MOSCOW] The ageing workforce is packing a double punch for the Russian economy. The unborn generation of the 1990s, a period of hyperinflation and instability after the Soviet break-up, left the nation depleted of younger workers. Unemployment is at a recordWP; PHOTO: BLOOMBERG - 725 words
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381 2014-09-22 19 Bodies found in and around capital; 72-hour shutdown to curb epidemic ends AFP [FREETOWN] Sierra Leone wrapped up its 72-hour shutdown on Sunday, with authorities reporting that the action aimed at containing the Ebola epidemic had uncovered up to 70 dead bodies inAFP - 381 words
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351 2014-09-22 19 Reuters [GENEVA] Swiss private bank Julius Baer is interested in acquiring Coutts International, a unit of Royal Bank of Scotland (RBS), but will not get into a bidding war for the venerable British bank’s overseas arm, a Swiss paper reported on Sunday. “Coutts hasReuters - 351 words
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596 2014-09-22 19 AFP [LONDON] Britain’s main parties squabbled on Sunday over how to deliver reform after Scotland voted “No” to independence and Prime Minister David Cameron insisted any new powers for the Scots must see similar autonomy for the English. The united front ofAFP - 596 words
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Page 17 Advertisements
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Advertisement109 2014-09-22 17 Confidence to grow That’s what agricultural producers can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Farmers and ranchers around the world partner with us to help them manage every kind of risk. Crop prices, weather fluctuations, interest rate109 words
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Advertisement987 2014-09-22 18 The Business Times Ik IT I 1 Toll free 1800-289-8822 I I Email noticescasph.com.sg I V i B j j www.sphclass.com.sg/notices SWISSCO HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4711D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Swissco987 words
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Advertisement0 2014-09-22 18 ^=$";'$!^]['`!/,"]&)<!-@}]/<>)`0 words
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Advertisement463 2014-09-22 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARN INVESTMENT PARTNERS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2252R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of ARN INVESTMENT PARTNERS PTE LTD deemed to have been duly convened463 words
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DINING OUT
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Article, Illustration1010 2014-09-22 20 writesJAIME EE - FOC eatery plates up a tapas menu with substance along with a selection of zany cocktails, writes JAIME EE writesJAIME writesJAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT FOC 40 Hong Kong Street Tel: 6100-4040 Open Mon to Sat from 6pm to 11.45pm. Closed onPHOTOS: FOC TAPAS BAR - 1,010 words
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Page 20 Advertisements
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Advertisement247 2014-09-22 20 9 0 gnngnrs w. m <■ V5 Marinated Botan Shrimp with Sea Urchin and Caviar Waku Ghin WHERE YOUR CULINARY ADVENTURE STARTS Redefine your dining experience at Marina Bay Sands where the award-winning restaurants of celebrated chefs surprise and delight you with their mastery. From degustation menus and exceptional cuts247 words
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AVIATION/SHIPPING
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Article, Illustration890 2014-09-22 21 Kinder Morgan will spend US$1.5b in Houston project amid US shale boom Reuters [HOUSTON] To capitalise on a flood of domestic and Canadian crude into the US Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than US$1.5 billionReuters; PHOTO: BLOOMBERG - 890 words
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781 2014-09-22 21 More changes seen after announcement of new CEO Bloomberg [DALLAS] JetBlue Airways is positioning itself to boost revenue with a fee to check a passenger’s first bag, a break with the airline’s history, and by squeezing more seats onto its planes. InBloomberg - 781 words
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Article257 2014-09-22 21 SGX '000 Sep 19 S$ +/-Vol Ch Offshore 0.48 0.01 545 Chuan Hup Hldg 0.30 unch 1370 Cosco Corp 0.69 unch 1373 Cwt Limited 1.72 0.01 360 First Ship Lea 0.10 unch 100 Grand Banks unch unch 0 Jaya Hold Ltd 0.05 unch 8056 K1Ventures 0.19 unch 909257 words
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312 2014-09-22 21 Reuters [SHANGHAI] Maersk Line’s chief executive has paid visits to Chinese authorities about its planned vessel sharing alliance with a Swiss company including to the Ministry of Commerce which previously blocked a bigger ship-pool-ing scheme on competition concerns. M aers k Li neReuters - 312 words
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Page 21 Advertisements
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Advertisement59 2014-09-22 21 www.omy.sg WATER HACKS FOR COOKING Have you been doing it right? T New Improved: STJobs.sg Fall in love with our new website features New look, new features, new experience! STJobs has improved the way you search for jobs online with some brand new features. Visit our new site at STJobs.sg59 words
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Advertisement183 2014-09-22 21 Over 8 content-packed hours, you will discover: How to make your money work smarter and harder without looking at charts and news, and without the need to trade Ken Chee Pauline Teo Learn the methods to generate 20%-25% returns per annum from your investments with proven results Pick up tips183 words
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Page 21 Miscellaneous
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Miscellaneous328 2014-09-22 21 CRYPTIC CROSSWORD Across 1 Disturb canary perhaps, in its nest here? (4,9) 10 Available to customers, or about to arrive (2,5) 11 Some players will take a long time dressing (7) 12 Might it turn the tide for the overweight? (4) 13 Form of fungus (5) 14 Heavy piece of328 words
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SINGAPORE STOCKS
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Article4340 2014-09-22 22 Week ended: Sep 19 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 13.2 10.4 8Telecom Week Last Quote --AAT Net M Cap High 153.1 131 AIMSAMP Cap Reit 142.5 -4 2766 1474,340 words
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Article404 2014-09-22 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote 43.5 28 t Alliance Mineral 35.5 +2 ***** 36 33 35 35.5 139.8 Net M Cap High Low Company404 words
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Article121 2014-09-22 23 Stock name Close Change Ascendas Reit 2.240 -0.030 CapitaLand 3.280 +0.050 CapitaMall Trust 1.930 -0.010 CityDev 9.730 +0.020 ComfortDelGro 2.490 +0.030 DBS Grp 18.13 -0.080 Genting Sing 1.120 -0.005 Global Logistic 2.800 Golden Agri-Res 0.505 HPH Trust USD 0.700 +0.005 Stock name Close Change HongkongLand USD6.970121 words
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Article1906 2014-09-22 23 Transaction date: Sep 19 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores Aeon Credit Angang Steel unch Anhui Conch Angang Steel Anhuiexpresswa 4.80 -0.02 490 Asia Satellite Asia Satellite Asm Pacific ....26.65 Avic Ihl ....27.25 Avic Int'L -0.05 Baiyunshan Ph 26.00 unch 5033 Bank Of China1,906 words
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Article251 2014-09-22 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 65 50 AVJennings A62 -2 12 62 61 60 67 3.6 5.6 5 229.5 Last 343 268 TanChongInt HK302 -7 15 303 302 301 306 9.7 3.5251 words
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Article186 2014-09-22 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 2 0 0 0 4 10 2 Manufacturing 44 112 23 12 14 9 56 126 32 Commerce 16 41 17 6 12 6 22 53 23 Tpt/Stor/Comms 8 33 5186 words
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Article1164 2014-09-22 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF Last 139.4 119 CIMB APAC Div 100S$D 128xd -9.4 20 136.1 128 127 128.5 110.5 94 CIMB APAC Div 100US$1,164 words
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Article123 2014-09-22 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 87,604 87,604 336,875 336,875 Manufacturing 1,284,104 321,488 1,605,592 621,396 37,826 659,222 Commerce 770,261 210,182 980,443 449,107 11,956 461,063 Tpt/Stor/Comms 453,368 55,539 508,907 646,192 10,820 657,012 Finance 98,586 1,496 100,082 828,801 379 829,180 Construction 222,428 950,437123 words
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Page 23 Advertisements
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Advertisement26 2014-09-22 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article664 2014-09-22 24 Sep 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.94 *****.08 *****.86 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Mar15 *****.00 1 105 MSCI TAIWAN INDEX FUTURES SPOT 339.01 339.61 336.86 Sep14 336.40 339.50 335.90 337.40 ***** *****6 Oct14 336.20 339.40 336.20 337.40664 words
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373 2014-09-22 24 In local curr In S$ In US$ dy yr dy yr dy yr Sep 19 Index Change Change Change Change Change Change World Preliminary 1264.9 0.2 6.8 -0.1 5.2 0.0 4.9 EAFE Preliminary 990.0 0.4 3.5 -0.2 -0.5 -0.1 -0.8 Europe Preliminary 1413.3 0.1 4.3373 words
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Article471 2014-09-22 24 Sep 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.981 5.495 0.695 6.940 54.466 107.212 0.977 9.351 2.895 1.101 91.934 39.877 1.134 9.897 0.838 27.069 28.847 0.544 0.895 Canada 1.019 5.599471 words
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Article37 2014-09-22 24 Sep 19 (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 Reuters37 words
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Article82 2014-09-22 24 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 GOVERNMENT BONDS 10-Year NY*****H 3.000 01-Sep-2482 words
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Article120 2014-09-22 24 Sep 19 GOLD(US$/oz) Sep 19 Sep 18 Hong Kong 1224.00 1228.00 Sep 19 Sep 18 London 1217.12 1226.63 1217.85 1227.19 Source: Thomson Reuters CAST BAR Sep 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 47 5gm 301 246 10gm 560 495120 words
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Article57 2014-09-22 24 Sep 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2154.0 2170.0 2157.0 2130.0 1539 7866 Nov 14 2121.0 2144.0 2135.0 2106.0 ***** ***** Dec 14 2123.0 2145.0 2135.0 2105.0 ***** ***** Jan 15 2150.0 2163.057 words
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Article155 2014-09-22 24 Sep 19 Against S$ 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 1.6471155 words
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Article109 2014-09-22 24 Sep 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 14 957.00 971.50 972.00 956.00 Jan 15 965.25 979.50 979.75 964.25 Mar 15 972.75 987.00 987.00 971.50 May 15 979.50 994.25 994.25 978.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 14109 words
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Article95 2014-09-22 24 Sep 19 COCOA (£/tonne) Close Prev High Low Dec 14 2105 2065 2108 2061 Mar 15 2054 2019 2058 2014 May 15 2034 2000 2036 1996 Jul 15 2015 1985 2017 1979 COFFEE(US$/tonne) Close Prev High Low Sep 14 1930 1966 1952 1930 Nov 14 1940 1961 1957 192395 words
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1026 2014-09-22 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -55 3.67 46 Asia-Pacific Strategic W*****6 3.6 0.2 ***** 1 2 56 Acma Ltd W*****7 0.3 unch 296 1 4 169 5.33 22 Exer Ascendas1,026 words
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Article70 2014-09-22 24 CRUDE OIL PRODUCTS Sep 18 CRUDE (FOB origin) US$/barrel 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 Basket70 words
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Article22 2014-09-22 24 Sep 19 S$ Bid Offer 1-month 1.2668 1.2672 2-months 1.2668 1.2672 3-months 1.2668 1.2672 6-months 1.2667 1.2671 Source: OCBC22 words
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Article65 2014-09-22 24 Sep-19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1941.75 1947.00 3 months 1976.00 1981.50 Copper, Grade A(US$/tonne) Cash 6883.25 6886.75 3 months 6835.00 6842.50 Lead(US$/tonne) Cash 2071.50 2065.25 3 months 2084.00 2080.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.0065 words
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Article121 2014-09-22 24 As at 9am 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 foreign121 words
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Article158 2014-09-22 24 Sep 19 $S Offer Bid 0vernight 0.08 0.03 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.16 US$ 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 12158 words
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Article2139 2014-09-22 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 THE2,139 words
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Page 25 Advertisements
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Advertisement56 2014-09-22 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times 1 PLACE YOUR AD HERE r THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping56 words
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Page 26 Advertisements
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Advertisement98 2014-09-22 26 Shipping lines seeking reliable Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 Highlight jYbur Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Projection Completion and Vessel Conversion Refurbishment. There’s no better way98 words
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Page 27 Advertisements
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Advertisement49 2014-09-22 27 BuildTech Ask 2014 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 an 11 mum 14-16 October 2014 Singapore EXPO Halls 3 4 www.buildtechasia.com n nr I 85* To Exhibit: Tel:+65 6319 4021 Email: buildtechasia@sph.com.sg To Visit: Pre-register at www.buildtechasia.com Organised by: sphere A SUBSIDIARY OF49 words
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Advertisement26 2014-09-22 27 ACHIEVESTAR STYLE WITHTHEOCTOBER ISSUE OF MEN’S HEALTH! Plus all the best products and advice for looking your best at the Men’s Health 2014 Grooming Awards! MENSHEALTH.COM.SG26 words
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Advertisement383 2014-09-22 27 TOSHIBA Leading Innovation >» Toshiba recommends Windows. Best of Breed, Enterprise class Notebook PCs Toshiba means Business Tecr/k W50 Toshiba Most Powerful Mobile Workstation 1 Powered by Intel 3 Quad-core processor with NVIDIA 3 Quadro 3 graphics and true-to-life colour calibration by ChromaTune 3 on a 4k2k display Z30 Ultrabook"383 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration955 2014-09-22 28 writesAMIT ROY CHOUDHURY - Company decides to base oversight of its int’l operations in this regional business and technology hub because it expects half its revenue to come from Asia in five years, writes AMIT ROY CHOUDHURY writesAMIT writesAMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT ACRONIS which provides back-up,955 words
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Article, Illustration533 2014-09-22 27 Reuters [SAN FRANCISCO] By promoting its two presidents to serve as co-chief executives instead of founder and CEO Larry Ellison, data-base-and-software behemoth Oracle is setting itself a course that has confounded other big companies. The move seemingly marries the product oversight of Mark Hurd,Reuters - 533 words
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Article, Illustration737 2014-09-22 27 VICTORIA HO - Firm 100 million in shipment volume by 2016, a 30% y-o-y growth from now By VICTORIA HO CHINESE telecom equipment and phone manufacturer ZTE is pouring R&D (research and development) dollars into putting its devices in front of a picky consumer audience,737 words
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Article, Illustration463 2014-09-22 27 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT CANON last week launched the long anticipated successor to the award-winning EOS 7D DSLR (digital single lens reflex) camera. The EOS 7D Mark II features dual DIGIC 6 image processors, a 20.2-megapix-el CMOS sensor, a new463 words
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Page 28 Advertisements
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Advertisement295 2014-09-22 28 EXPERIENCE A QUANTUM LEAP IN YOUR BUSINESS WITH DIGITAL EDUTAINMENT MARKETING MASTERCLASS Win over your prospects and customers with increased awareness, increased leads and ultimately increased sales! WHAT IS DIGITAL EDUTAINMENT MARKETING? Digital edutainment marketing is a strategy in which your target audience is educated through content marketing while being295 words
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