The Business Times, 7 October 2014

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Total Pages: 26
1 26 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Tuesday, October 7, 2014
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  • 632 1  -  By in ANTHONY ROWLEY in Tokyo POLICY shifts by leading central banks, coupled with monetary tightening in some Asian economies, could bring problems of debt servicing to households and to business firms in the region, and also trigger falls in property
    PHOTO: REUTERS  -  632 words
  • 896 1  -  Balance sheet also faces risks if debt and cashflow currencies not aligned By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] Battered by fears of slower China growth along with weak commodity prices, the Australian dollar slid dramatically against the Singapore dollar in September to lows
    Source: Bloomberg  -  896 words
  • MARKETS DIGEST
    • 65 1 GST INDEX(Friday’s) 3,253.24 (+24.53) GST INDEX FUTURES 3,251.00 (+24.00) GSIMSCI 367.81 (+2.33) GSIMSCI FUTURES 367.70 (+3.20) US$ S$ US$ (S$ per US$) 1.273 (US$/S$ per 1.610 2.050 EURO (US$/S$/€ 1.264 1.610 Foreign currency per US$ S$ YEN 108.80 85.40 RM 3.251 2.553 HK$ 7.758 6.092 BAHT 32.49 25.51 RUPIAH
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    • 45 1 Monday Change KL COMP Closed NIKKEI 225 15,890.95 +182.30 HANG SENG 23,315.04 +250.48 SET INDEX 1,543.13 -27.15 JAKARTA COMP 5,000.14 +50.79 MANILA COMP Closed SEOUL COMP 1,968.39 -7.77 SHENZHEN B Closed MUMBAI IND Closed 11.30 am EDT Change DOW 17,017.88 +8.19 NASDAQ 4,460.68 -14.94
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    • 25 1 SINGAPORE 5.35 HONG KONG 6.85 INDONESIA 5.00 TAIWAN 14.865 JAPAN 5.036 KOREA 1.475 BRITAIN 9.33 US 0.50 CANADA 3.25 CANADA 3.00 Source: Bloomberg
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  • Page 1 Advertisements
    • 142 1 SME Inc Safety tops the food chain at Indoguna PAGE 9 OCCUPY CENTRAL HK financial industry shrugs off protests PAGE 2 PROPERTY Resale volumes of private condos plunge PAGE 4 COMMENTARY Water management: Need for right mindset PAGE 18 TANK MC MANUFACTURE MOVEMENT 1904 MC SINCE THE CREATION OF THE
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    • 1 1 8"*****1"*****4
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  • TOP STORIES
    • 472 2 Aussie slide could knock S’pore firms’ profits BATTERED by fears of slower China growth along with weak commodity prices, the Australian dollar slid dramatically against the Singapore dollar in September to lows not seen in more than five years. FRONT PAGE World Bank issues alert on debt servicing,
      472 words
    • 723 2 HSI posts its biggest daily gain since Sept 3; some banks reopen branches Bloomb erg Reuters [HONG KONG] Hong Kong’s benchmark index posted its biggest daily gain in more than a month on Monday, as pro-democracy activists scaled down protests, allowing civil servants
      Bloomberg; Reuters; PHOTO: AFP  -  723 words
    • 996 4  -  Sellers hold on to their units in Q2; Districts 18, 27 show more resilience By lynkhoo@sph.com.sg LYNETTE KHOO By lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] In yet another sign of a stalemate between buyers and sellers, resale volumes of private condominiums have fallen to levels last seen
      BT Graphics: Lynette Khoo, Hyrie Rahmat; Source: URA quarterly real estate statistics  -  996 words
    • 497 4  -  B)’ KALPANA RASHIWALA ka|pana@sph.com.sg @Ka|panaBT [SINGAPORE] Ratings agency Moody’s said on Monday that the gradual decline in Singapore’s private home price index for the third quarter is credit positive for Singapore banks as it relieves pressure on bank asset quality. “Further
      PHOTO: BLOOMBERG  -  497 words
    • 268 4 [SINGAPORE] More than 1,200 e-applications have been received for Lake Life, a 546-unit executive condominium (EC) housing project near Jurong Lake. The e-applications were received from Saturday to Monday. E-applications will close on Oct 12. The current indicative average pricing is around
      268 words
    • 495 4 Bloomberg [LONDON] The biggest overhaul of the global credit derivatives market started on Monday with new benchmark contracts addressing flaws that prevented some bondholders from being fully compensated for losses. The shake-up of the US$17 trillion credit default swap market increases the
      Bloomberg  -  495 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 63 3 Standard Chartered Here for achievers You are focused on developing the next big thing. Making a difference. As your career takes shape, you want a bank to help manage your financial future. With expert guidance you can trust. That’s good for your ambition. Here for good 9 m i u
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  • COMPANY NEWS
    • 875 5  -  HOCK LOCK SIEW By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT ON Sept 1, CapitaLand announced the resignation of Lim Beng Chee, chief executive officer of CapitaMalls Asia (CMA). Could this be the start of a brain drain from the group? Talk in the market is
      FILE PHOTOS  -  875 words
    • 305 5  -  Group says private bank units of DBS, SocGen complement By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT DBS Bank has completed its purchase of the Asian private banking business of Societe Generale in Singapore and Hong Kong, as well as selected parts of its trust
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    • 631 6 CORPORATE GOVERNANCE They commit to uphold high standards of governance to enhance shareholder value THE Securities Investors Association (Singapore) is holding the 5th Singapore Corporate Governance Week 2014 from Oct 27 to 31. CG Week has received endorsement and support from the
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    • 1563 6 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 14.33 1.55 1.45 Amtek Engineering Ltd 3.00 3.00 2 0.07 7.38 0.57 0.62 ARA Asset Mgt Ltd 1.75
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    • 4 6 WEEKLY
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    • 77 6 Oct 3 VALUE CLOSE BT OB/OS -467.00 +8.00 BT CADI -*****.00 +80.00 BT 10-day MA -*****.00 -46.00 FTSE ST Mid Cap 758.95 +3.10 FTSE ST Small Cap 530.56 +2.28 FTSE ST All Share 789.88 +5.34 FTSE ST China Top 190.43 +1.03 FTSE ST China 220.72 +0.99 FTSE
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    • 59 6 VOLUME Noble 501,778,000 IHC 349,698,000 Top Global 329,222,000 APAC Strategic 251,181,000 Mirach Energy 191,003,000 Genting Sing 125,496,000 ThaiBev 121,588,000 KLW Hldgs 115,278,000 Golden Agri-Res 101,724,000 Charisma Energy 98,395,000 VALUE($) Noble 657,475,480 DBS Grp 329,966,658 SingTel 241,001,010 OCBC Bank 176,724,324 UOB 175,447,940 Genting Sing 139,746,555 Keppel Corp 139,036,240
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    • 117 6 BY CENTS CLOSE UP DBXT AUDBonds AU$ ***** 102.8 0.5 DBXT AUDCS SG$ ***** 89.0 0.4 DBXT iBoxxUSTr US$ ***** 66.2 0.2 DBXT iBoxxSing SG$ ***** 57.0 0.4 Hyflux 6% CPS ***** 51.0 0.5 DBS Bk 4.7% NCPS ***** 40.0 0.4 DBXT USDIGInfl US$ ***** 35.6 0.1 DBXT MSTaiwan
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    • 128 6 BY CENTS CLOSE DOWN Lyxor Indonesia US$ 8614 -614.9 -5.3 Lyxor ThaiSET US$ ***** -430.3 -2.4 DBXT MSKorea US$ 5864 -359.0 -4.6 Jardine C&C 4036 -292.0 -6.7 DBXT iBoxxSvEu US$ ***** -262.2 -0.8 SPDR S&P 00 US$ ***** -259.7 -1.0 DBXT MSEurope US$ 5727 -233.0 -3.1 GLD US$ *****
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    • 5 6 WEEKLY
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  • Page 5 Advertisements
    • 428 5 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 key decisions in
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    • 25 5 The Oaks Cellars Shop Online 1^ It's !A “Discovery! OAK S www.oaks.com.sg Legnoart Corkscrew so% off Grand Cru Sommelier WF-1DX Usual: *****.00 Now: S$77.50 t
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  • SINGAPORE NEWS
    • 522 7  -  Kepland gets free LED bulbs, shares first 3 years of savings with lighting giant By CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT THERE are more ways than one to go green. Following Singapore’s green building week in early September this year, local prime office
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    • 1024 7 Payment Ex REc Pay Ann (cts) date date date date Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMS Property ^ag 0.109 26-Sep 30-Sep 19-Dec 23-Sep Amtek Engg ak 1.000 03-Nov 05-Nov 20-Nov 29-Aug ASL Marine ak 1.000 31-Oct 04-Nov 12-Nov 29-Aug Aspial ay 1.000 26-Aug 28-Aug
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    • 377 7  -  BY KALPANA RASHIWALA ka|pana@sph.com.sg @Ka|panaBT GIC is acquiring the remaining half of the RomaEst Shopping Centre in Italy to gain full ownership of the mall, which is located in Lunghezza, about 14 km east of Rome’s city centre. Singapore’s sovereign wealth fund bought
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    • 526 7 COMPANY MEETING PLACE DATE TIME Grand Banks A York Hotel Singapore E Rose Room I II (Upper Lobby Level) 08-Oct 10.00am 21 Mount Elizabeth 08-Oct 10.30am Swissco Hldgs E Republic of S'pore Yacht Club 52 West Coast Ferry Road 08-Oct 10.30am Karin Tech A Mandarin Ballroom 2 (Level
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    • 265 7 Oct 3 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China 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 ...5.50 Banque Internationale a ...5.75 ...5.50 Chang Hwa Commercial Bank ...6.00
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  • Page 7 Advertisements
    • 90 7 To commemorate the 20th anniversary of Enterprise 50, The Business Times will be running a special E50 20th anniversary supplement. As one of the past Enterprise 50 Award winners, you are cordially invited to leverage the niche editorial environment to publicise your association via logo sponsorship. The sponsorship will allow
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    • 26 7 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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    • 198 7 NANYANG TECHNOLOGICAL UNIVERSITY RSiS Nanyang Technological University S. RAJARATNAM SCHOOL OF INTERNATIONAL STUDIES RSIS Distinguished Public Lecture “Australia and the China-U.S. Relationships” by Professor The Honourable Bob Carr RSIS Distinguished Visiting Fellow; Director, Australia-China Relations Institute, University of Technology, Sydney; and Former Minister for Foreign Affairs, Australia "In his Lecture,
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  • SME INC
    • 976 8  -  Best to go with what is more likely to create value for the firm and its stakeholders THE VIEW FROM NTU PROFESSORS By EUGENE KANG The writer is an associate professor in strategic management at NTU’s Nanyang Business School THE topic of
      976 words
    • 1208 9  -  Its philosophy of serving the best to its customers has won the company two E50 awards in a row By ETHEL YEO YI XIA, JOYCE LIM, TRIXIE CHUA XIN YU, KELLYN WONG ZI YAN The writers are students from NUS Business School ONE
      PHOTO: YEN MENG JIIN  -  1,208 words
  • Page 8 Advertisements
    • 148 8 YEARS of BUSINESS EXCELLENCE Productivity, Innovation Growth FUTURE READY 44 The BE framework helped us to transform our long-term business strategy. We became more forward-looking and thought about how our business would be affected by market and technological trends, thus allowing us to stay ahead of competition and achieve sustainable
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    • 73 8 0 i G a vi Regus 0 15 locations across Singapore Fully equipped and work ready offices From 1 to 50 people Flexible terms to suit all businesses Reception services Meeting rooms and videoconferencing Virtual office services and drop-in business lounge 0 Singapore vi I Tampines Junction Suntec City g
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    • 488 8 IN THE MATTER OF THE COMPANIES ACT, CAP 50 INFINI NETWORKS PTE. LTD. (Incorporated in the Republic of Singapore) Company Reg. No. *****5502W At an Extraordinary General Meeting of the members of INFINI NETWORKS PTE. LTD. duly convened and held at 6001 Beach Road #14-01 Golden Mile Tower Singapore *****9
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  • Page 9 Advertisements
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    • 63 9 Celebrating Singapore´s Enterprising Spirit 2014 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Indoguna was among the winners in 2013. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and supported by
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  • WORLD
    • 740 10 Currency effect to Q4 and 2015 remains largely unaccounted for Reuters [NEW YORK] The suddenly unstoppable US dollar is posing a triple threat to American companies’ profits: driving up the costs of doing business overseas, suppressing the value of non-US sales and,
      Reuters; PHOTO: BLOOMBERG  -  740 words
    • 365 10 Business volumes and profits up, new jobs being created Reu ters [LONDON] Growth is back on the agenda for Britain’s financial services companies, which have been posting rising profits and adding staff in recent months, an industry survey showed on Monday. Following
      Reuters  -  365 words
    • 228 10 Reuters [LONDON] London is the most popular city in the world to work in, an international survey of more than 200,000 people found, with nearly one in six of those questioned wanting to move to the British capital to secure
      Reuters  -  228 words
    • 683 11 President Xi’s crackdown on graft dents spending by high rollers Bloomberg [HONG KONG] Macau casino revenue fell the most in five years, extending a slump that began with China’s campaign against lavish spending, as the world’s biggest gambling hub braces for the
      Bloomberg; PHOTO: BLOOMBERG  -  683 words
    • 743 11 Over US$200m added into six major ETFs since Sept 28 Bloomberg [NEW YORK] Investors in exchange-traded funds (ETFs) tracking Hong Kong-list-ed stocks are unfazed by the city’s biggest political unrest since the 1960s, adding money even as the stock market posted its largest
      Bloomberg  -  743 words
    • 658 12 Slowing growth in China and weak demand for key exports add to woes NYT [DOI SAKET, Thailand] The junta that seized power in Thailand four months ago has used martial law and a crackdown on its critics to subdue the politically polarised country.
      NYT  -  658 words
    • 219 12 Bloomberg [LONDON] More corporate executives are planning acquisitions in the next year than at any time in the last three years as the global economy stabilises, according to a survey by consultancy EY. The firm’s bi-annual Corporate Confidence Barometer, which surveys more than 1,600
      Bloomberg  -  219 words
    • 515 13 Says China tops list of countries seeking to pilfer secrets from US companies AFP [WASHINGTON] China is waging an aggressive cy-ber-war against the United States which costs American business billions of dollars every year, Federal Bureau of Investigation director James Comey said.
      AFP; PHOTO: AFP  -  515 words
    • 343 13 Biggest fall since 2009 points to poor growth outlook Bloomberg [FRANKFURT] German factory orders plunged the most since 2009, underlining the risk of a slowdown in Europe’s largest economy. Orders, adjusted for seasonal swings and inflation, fell 5.7 per cent in August, after
      Bloomberg  -  343 words
    • 703 14 Top forecaster LBBW thinks ECB may have to resort to QE as early as November Bloomberg [TORONTO] Landesbank Baden-Wuerttemberg (LBBW) is predicting that the euro will tumble 4 per cent to US$1.20 by the end of 2015, adding to its 11
      Bloomberg; PHOTO: BLOOMBERG  -  703 words
    • 857 15 Developments in Parliament make investors lose faith Bloomberg [JAKARTA] Indonesian stocks are tumbling at the fastest pace worldwide as investors lose faith in Joko Widodo’s ability to revive South-east Asia’s largest economy. The Jakarta Composite Index has dropped 3.7 per cent since the
      Bloomberg  -  857 words
    • 435 16 Split highlights Yellen’s dilemma over when to raise borrowing costs Bloomberg [NEW YORK] Goldman Sachs Group said investors should not rush to anticipate a rate increase from the Federal Reserve after job gains beat economist forecasts. BlackRock Inc,
      Bloomberg  -  435 words
    • 181 16 Reuters [LONDON] Luxury shoe company Jimmy Choo is on course to join London’s main stock market with a value of up to US$1.1 billion, industry sources said on Monday, citing the initial price range quoted by banks arranging the sale. The company,
      Reuters  -  181 words
    • 364 16 Reu ters [SAN FRANCISCO] Hewlett-Packard has said that it would split into two listed companies, separating its computer and printer businesses from its fast-er-growing corporate hardware and services operations. It added that its shareholders would own a stake in both businesses through a
      Reuters  -  364 words
  • Page 10 Advertisements
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    • 914 10 www.omy.sg M0 d aw. 6V o SpjSaiH tr iruHKW oiiiwmo THE BUSINESS TIMES NOTICES SINGAPORE EDEVELOPMENT LIMITED (Company registration no. *****6763W) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of Singapore eDevelopment Limited (the “Company”) will be held at
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  • Page 11 Advertisements
    • 138 11 best mid-range hotel As voted by travel professionals in Asia Pacific Tried, tested and trusted by travellers in just over our first year of opening. The Ramada Singapore At Zhongshan Park is proud to be crowned the Best Mid-Range Hotel at the 25 th Annual TTG Travel Awards 2014 which
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  • Page 12 Advertisements
    • 3161 12 HAI LECK HOLDINGS LIMITED (Company Registration No. *****4461D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hal Leek Holdings Limited (the "Company”) will be held at 47 Tuas View Circuit. Singapore *****7 on Thursday, 23 October 2014
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    • 120 12 2014 MANU FACT URINGSOLUTIONS EXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention Exhibition Centre, Halls 401 403 Opening Hours: 8 9 October: 10am to 6pm 10 October: 10am to 5pm Discover new technological trends and solutions for fully integrated capabilities! OPENS TOMORROW! FEATURING 6 INDUSTRIAL
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  • Page 13 Advertisements
    • 469 13 Course Objective In the present confusing economic and financial scenario characterized by volatilestock markets and even more volatilestock price movements, you need to have an advantage in stock trading. Technical Analysis will give you that winning advantage in stock transaction timing! Amidst the market uncertainties, it is now an ideal
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    • 196 13 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 commitments' ACHIEVING TARGETS BEGINS WITH OPTIMISING YOUR EMPLOYEES Wondering how to raise revenue, push profits and boost productivity for your company? The key to achieving
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  • Page 14 Advertisements
    • 4218 14 The Business Times Ik ~T I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg I V i www.sphclass.com.sg/notices IN THE MAHER OF THE COMPANIES ACT, CAP. 50 AND IN THE MAHER OF FRANZ INTERNATIONAL PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****1144E NOTICE OF RESOLUTIONS
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    • 397 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINGAPORE HAOXIN PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****7504D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 8 Wilkie Road #03-01 Wilkie Edge Singapore *****5
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    • 36 14 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • Page 15 Advertisements
    • 3643 15 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices LION TECK CHIANG LIMITED (Company Registration No. *****0176K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual
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  • Page 16 Advertisements
    • 5 16 AsiaOnePeople'sChoiceAwards isbackwith27categories! Whichproductsandserviceshaveleft alastingimpressiononyou? http://web.asiaone.com/a1/pca2015
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    • 47 16 FI'IC FACILITIES MANAGEMENT CONFERENCE 2014 16 October 2014 MAX Atria Singapore EXPO 8.30am to 6pm www.fmse.com.sg/conference c r Transforming Facilities Management through Innovation Productivity > TO REGISTER: Tel:+65 6319 4021 I Fax:+65 6319 6140 1 Email: fmc@sph.com.sg Organised by: In partnership with: Singapore Institute of Building Limited ASUBSIDIARYOFSjSl
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  • AVIATION/SHIPPING
    • 640 17 Demand from smaller regions helps to offset losses in competitive routes linking big cities Reuters [NEW DELHI] The airport in Patna, one of India’s smaller cities and the capital of its poorest state, is so crowded that government authorities this year said that
      Reuters  -  640 words
    • 1031 17 NYT [NEW YORK] As companies look for more efficient ways to move freight from factories in China to consumers in Europe, the Mary Maersk is among the newest giants, known as the TripleE’s. Owned and operated by AP Moeller-Maersk of Denmark, the world’s largest
      NYT; FILE PHOTO  -  1,031 words
    • 247 17 SGX '000 Oct 03 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.30 unch 1066 Cosco Corp 0.68 0.01 1370 Cwt Limited Vol Ezra Hldgs 0.96 0.01 2870 First Ship Lea unch Grand Banks Chuan Hup Hldq Jaya Hold Ltd 0.05 unch ***** K1Ventures 0.19 unch 161 Keppel
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    • 557 17 It is selling 520m shares at 23 baht to 27 baht apiece Bloomberg Reuters [BANGKOK] Bangkok Airways, Thailand’s oldest private carrier, is seeking as much as 14 billion baht (S$548 million) in the country’s third-biggest initial public offering (IPO) this
      Bloomberg; Reuters  -  557 words
  • Page 17 Advertisements
    • 50 17 Expense ratios of funds under CPFIS higher than other developed markets To subscribe, call 6388-3838 or go to sphsubscription.com.sg 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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    • 390 17 The Business Times NOTICES In The Matter of The Companies Act Cap. 50 And In The Matter of SEAWELL DRILLING PTE. LTD. Company Registration Number: *****7491M (In Members’ Voluntary Liquidation) MEMBERS’ VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Member of the abovenamed Company duly convened and held
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  • Page 17 Miscellaneous
    • 334 17 CRYPTIC CROSSWORD Across 1 Foresee resistance after Putin’s first order (7) 5 The Entertainer, for example, almost perfectly jolly (7) 9 Old girlfriend given diamonds (5) 10 Matches every golfer is after a decent score (9) 11 Forced frail cat I upset to eat one (10) 12 Stable bank, by
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  • EDITORIAL & OPINION
    • 512 18 EDITORIAL IT IS good that Singapore Telecommunications has mounted a robust defence of its tax position in Australia. Last week, it was accused of avoiding more that A$700 million (S$781 million) in taxes over a 10-year period by the Tax Justice Network, an advocacy group,
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    • 835 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group ONE of the economy’s good-news stories is the oil boom, a derivative of the natural gas boom. When the drilling techniques used to tap vast new reservoirs of natural gas
      The Washington Post Writers Group  -  835 words
    • 1109 18  -  Solving the world’s water problems goes beyond technology, knowledge and experience By ASIT K BISWAS, AHMET C BOZER A sit K Biswas is distinguished visiting professor at Lee Kuan Yew School of Public Policy, Singapore, and co-founder of the Third World Centre for Water
      PHOTO: REUTERS  -  1,109 words
    • 1023 19  -  The idea that govts should combine social-democratic values with modern liberal economics is finding renewed favour By ANDRÉS VELASCO The writer, a former finance minister of Chile, is a visiting professor at Columbia University Project Syn dicate REMEMBER Tony Blair and Bill Clinton’s Third Way?
      Project Syndicate; PHOTO: AFP  -  1,023 words
    • 915 19  -  LEON HADAR Washington Correspondent AT first glance, it would seem almost mission impossible for critics of the Obama administration’s economic policies to try to spin the latest job report as not-such-great-news. But that would actually not be such a difficult task. The report issued by
      PHOTO: AFP  -  915 words
    • 991 19  -  By DAN GIBSON The writer is group managing director of Havas Worldwide Singapore AN advertising agency recently announced the launch of a new unit that specialises in “Behaviour Change”. It’s undeniably true that the best communications work always seeks to instigate an active response, literally
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  • 1064 20 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville KMTC Mumbai 1402E 23 Sep 07 Oct 24 Oct 27 Oct 30 Oct 01 Nov 04 Nov 05 Nov 07 Nov 10 Nov 10 Nov 14 Nov
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  • Page 20 Advertisements
    • 32 20 USE THIS SPACE TO SELL CALUOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times?
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  • SINGAPORE STOCKS
    • 4398 21 Week ended: Oct 3 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 Company Last 13.2 10.4 8Telecom Vol --AAT Week Last Quote High Low Buyer Seller 14.2 6.7 AIMS Property 13.3 -0.5 20
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    • 570 22 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 $mil Low Company Last 1.5 0.5 t Advanced Systems 0.7 +0.1 5793 0.7 0.6 0.6 0.7 13.6 Vol 43.5 28 t Alliance Mineral.............................34.5 +0.5 *****
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    • 122 22 Stock name Close Change Ascendas Reit 2.260 +0.010 CapitaLand 3.130 +0.020 CapitaMall Trust 1.925 CityDev 9.440 -0.040 ComfortDelGro 2.540 +0.080 DBS Grp 18.450 +0.200 Genting Sing 1.110 +0.015 Global Logistic 2.670 -0.010 Golden Agri-Res 0.500 -0.005 HPH Trust USD 0.685 Stock name Close Change HongkongLand USD6.640
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    • 1957 22 Transaction date: Oct 6 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol '000 Angang Steel 4.87 -0.01 6333 Anhui Conch 25.25 0.20 ***** Anhuiexpresswa 4.76 0.07 764 Asia Satellite 26.00 unch 9 Asm Pacific 77.00 0.55 2162 Avic Ihl Avic Int'L Angang Steel Baiyunshan Ph -0.01 Bank Of
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    • 253 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 66 50 AVJennings A61 +5 7 61 59 60 67 3.6 5.7 5 225.8 Vol 343 276 h TCIL HK$ HK296 -1 174 298 291 290 296
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 50 97 23 11 17 11 61 114 34 Commerce 23 30 22 5 9 5 28 39 27 Tpt/Stor/Comms 17 17 10
      186 words
    • 1158 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 117.3 +0.3 64 117.5 115.2 116 117 535.5 139.4 119 CIMB APAC Div S$D 126 -1.5 22 126.8 126 126
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    • 122 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 65,501 65,501 238,662 238,662 Manufacturing 1,024,921 397,915 1,422,836 607,705 36,069 643,774 Commerce 784,841 209,422 994,263 870,493 12,769 883,262 Tpt/Stor/Comms 482,337 22,383 504,720 628,591 4,349 632,940 Finance 88,416 165 88,581 754,920 39 754,959 Construction 460,942 189,558
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  • Page 22 Advertisements
    • 26 22 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 TIMES
      26 words

  • FINANCE & COMMODITIES
    • 611 23 Oct 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.28 *****.65 *****.22 Dec14 *****.00 *****.00 *****.00 *****.00 *****6 *****7 Mar15 *****.00 *****.00 *****.00 *****.00 1 214 MSCI TAIWAN INDEX FUTURES SPOT 331.76 332.13 329.58 Oct14 331.00 331.80 328.70 330.80 ***** *****5 Nov14 330.90
      611 words
    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Oct 3 Index Change Change Change Change Change Change World Preliminary 1226.0 0.8 3.5 1.1 2.3 0.3 0.7 EAFE Preliminary 952.7 0.7 -0.4 0.4 -5.0 -0.4 -6.4 Europe Preliminary 1356.2 0.9 0.1
      373 words
    • 471 23 Oct 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.982 5.393 0.695 6.816 54.070 106.792 0.956 9.324 2.856 1.117 90.038 39.306 1.119 9.850 0.840 26.721 28.548 0.546 0.879 Canada 1.019 5.494
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    • 39 23 Oct 3 (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 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • 80 23 Oct 3 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-16 106.02 5-Year N*****0H 1.625 01-Oct-19 100.12 100.16 100.15 GOVERNMENT BONDS 10-Year NY*****H 3.000 01-Sep-24
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    • 122 23 Oct 06 GOLD(US$/oz) Oct 06 Oct 03 Hong Kong 1198.00 1212.00 Oct 03 Oct 02 London 1193.71 1214.68 1194.32 1215.29 Source: Thomson Reuters CAST BAR Oct 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 76 47 5gm 300 245 10gm 557 492
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    • 57 23 Oct 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2165.0 2187.0 2195.0 2150.0 111 1047 Nov 14 2171.0 2183.0 2190.0 2164.0 2561 ***** Dec 14 2162.0 2169.0 2177.0 2151.0 ***** ***** Jan 15 2176.0 2184.0
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    • 155 23 Oct 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1181 1.1195 0.8783 0.8788 Canadian dollar 1.1390 1.1405 0.8953 0.8948 Euro 1.6091 1.6105 1.2640 1.2642 NZ dollar 1.0010 1.0020 0.7863 0.7866 Sterling pound 2.0489 2.0507 1.6095 1.6098
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    • 109 23 Oct 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 14 912.25 924.50 927.75 910.50 Jan 15 920.50 933.00 936.25 918.75 Mar 15 928.50 941.50 944.50 926.75 May 15 935.50 949.25 952.00 934.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 14
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    • 95 23 Oct 3 COCOA (£/tonne) Close Prev High Low Dec 14 1995 1994 2015 1990 Mar 15 1972 1969 1993 1967 May 15 1960 1956 1979 1955 Jul 15 1950 1946 1969 1945 COFFEE(US$/tonne) Close Prev High Low Nov 14 2080 2053 2085 2040 Jan 1 2093 2067 2098 2054
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    • 900 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -57 3.87 45 Asia-Pacific Strategic W*****6 Ratio Exer Price Ascendas REIT MB eCW*****3 2.4 0.2 230 1 Asiatic Grp(Hldgs) Ltd W*****5 2 -0.1 500 0.0
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    • 70 23 CRUDE OIL PRODUCTS Oct 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 91.92 -0.06 WTI (Near Mth) 89.65 -1.69 Dubai (1-Mth F) 92.49 0.88 Tapis blend 95.68 1.08 Minas 91.18 1.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 88.56 -0.02 Jet Kerosene 106.78 0.42 US$/barrel OpecOil Basket
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    • 22 23 Oct 3 S$ Bid Offer 1-month 1.2730 1.2739 2-months 1.2730 1.2739 3-months 1.2730 1.2740 6-months 1.2729 1.2739 Source: OCBC
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    • 66 23 Oct-03 Oct-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1885.25 1858.75 3 months 1914.00 1889.50 Copper, Grade A(US$/tonne) Cash 6682.00 6648.75 3 months 6642.00 6601.00 Lead(US$/tonne) Cash 2068.25 2069.50 3 months 2078.00 2080.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 23 As at 9am Oct 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.144 1.090 Can dollar 1.161 1.117 Euro 1.649 1.571 Sterling pound 2.093 2.013 NZ dollar 1.026 0.987 US dollar 1.298 1.237 Local dollars to 100 units of foreign
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    • 157 23 Oct 3 $S Offer Bid 0vernight 0.12 0.07 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.09 US$ 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
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  • PROPERTY
    • 895 24 Property boom helps Haseko rebound after it defaulted on debt in 1999 Bloomberg [TOKYO] Haseko Corp, a To-kyo-based condominium builder, is returning to the bond market for the first time since defaulting in 1999 on about US$3.6 billion in debt after
      Bloomberg; PHOTO: AFP  -  895 words
    • 322 24 Bloomberg [HONG KONG] Social media and e-commerce firms are driving office leasing activity in Asia after they took up the most new office space in the second quarter, overtaking financial companies, Cushman Wakefield says. Internet companies such as LinkedIn Corp and Amazon.com made
      Bloomberg; PHOTO: BLOOMBERG  -  322 words
    • 1555 25 Steep falls unlikely as interest from overseas buyers supports market Bloomberg [LONDON] Twenty one cranes loom over the south bank of the River Thames from Battersea Power Station to the St George Wharf tower. Here, in the biggest concentration of residential projects
      Bloomberg; PHOTO: BLOOMBERG  -  1,555 words
  • Page 24 Advertisements
    • 294 24 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 being
      294 words

  • Page 25 Advertisements
    • 308 25 Industrial Properties Jsavills For Sale Freehold Office-like Light Industrial 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 Sharon Chan 9112 2063 CEA Reg. No. R*****1D For Lease Brand New Light Industrial off Raya Lebar
      308 words
    • 322 25 Japan Investment Opportunities Japan Business Development Unit (JBD) A collaboration between OrangeTee and Tokyu Livable, Inc., Japan Across all major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, Hiroshima and Sapporo Opportunities in all asset classes: commercial, retail, residential, hotel, etc. OrangeTee. I'mif J8S1M7& www.orangetee.com I www.livable.biz/english Income producing
      322 words

  • Page 26 Advertisements
    • 314 26 A Space Where Business And Pleasure Converge! HAVELOCK n THE BEST OF BOTH WORLDS \3NJ7> S' o o A A a? A pO s No restrictions on foreign ownership. Near major expressways (CTE and ECP/ MCE). 151 retail and 94 office units. Office units from approximately 312 sq ft and
      314 words