The Business Times, 13 September 2013

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Total Pages: 36
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, eptember 13, 2013
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  • 579 1  -  It’ll offer 50 titles at first, to non-StarHub subscribers as well By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] StarHub is poised to be the latest telco to jump into the e-maga-zine fray with a service that is slated for launch early next month, The Business
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  • 859 1  -  Lacklustre bond market Asia-wide trend with global investors retreating to US ahead of slowdown in Fed bond purchases; but bankers see upturn next year By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] It is turning out to be a pretty awful year for the
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  • MARKETS DIGEST
    • 65 1 GST INDEX 3,121.08 (+12.89) GST INDEX FUTURES 3,120.00 (+13.00) GSIMSCI 356.43 (+2.06) GSIMSCI FUTURES 356.60 (+1.90) US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.580 2.004 EURO (US$/S$/€ 1.330 1.687 Foreign currency per US$ S$ YEN 99.60 78.50 RM 3.284 2.589 HK$ 7.754 6.113 BAHT 31.71 24.99 RUPIAH
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    • 48 1 Thursday Change KL COMP 1,772.40 +3.92 NIKKEI 225 14,387.27 -37.80 HANG SENG 22,953.72 +16.58 SET INDEX 1,397.90 -13.28 JAKARTA COMP 4,356.60 +7.19 MANILA COMP 6,195.61 -19.29 SEOUL COMP 2,004.06 +0.21 SHENZHEN B 839.32 +0.43 MUMBAI IND 19,781.88 -215.57 12noon EDT Change DOW 15,310.59 -16.01 NASDAQ 3,721.26 -3.75
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    • 21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.342 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Page 1 Advertisements
    • 159 1 COMPANIES Bid to take Guthrie private succeeds PAGE 5 EXEC LIFESTYLE Something for everyone at F1 PAGE 30 BANKING OCBC opens 1b yuan China HQ in Shanghai PAGE 4 Chan Chun Sing up close In The Raffles Conversation in tomorrow’s BT Weekend Rohit Gupta blogs about how youth is wasted
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    • 3 1 8 *****1 *****4
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    • 23 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 20-25
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  • TOP STORIES
    • 556 2  -  Media reports had said PM had decided to hike consumption tax from April next year By ANTHONY ROWLEY in Tokyo THE Japanese government scrambled yesterday to deny reports in some local media that Prime Minister Shinzo Abe had decided to go ahead with
      PHOTO: BLOOMBERG  -  556 words
    • 438 2  -  Surprise spike could point to rebound in global demand By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S industrial production surged 7.6 per cent in July from a year ago, compared to 3.6 per cent in June, heralding a stronger growth phase in the second
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    • 430 2 Companies pick bank loans over bond issues IT is panning out to be an awful year for bonds. Not only have investors nursing losses all but disappeared, companies are finding loans cheaper. FRONT PAGE StarHub e-magazine store set for October launch STARHUB is the latest telco to jump
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    • 504 2 Reference rate up 0.25-point at 4-year high of 7.25% Bloomberg [JAKARTA] Bank Indonesia (BI) unexpectedly raised its key interest rate for the fourth time since early June to support a weakening currency and cool inflation expectations. Governor Agus Martowardojo
      Bloomberg  -  504 words
    • 797 4  -  This is its biggest fixed asset investment in that country By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] OCBC Bank yesterday opened its one billion yuan (S$206 million) China headquarters in Shanghai as it ramps up business in the world’s second largest economy. To
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    • 433 4  -  Moves will boost its English blog on Asian gaming scene By JACQUELYN CHEOK By jaccheok@sph.com.sg [SINGAPORE] Tech start-up activity in Singapore continues to gain momentum, with Singapore-based tech blog Tech in Asia yesterday announcing the launch of its new vertical, Games
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    • 850 4  -  Foong Daw Ching says church made him read statement saying no CHC funds were used for Sun Ho’s career CITY HARVEST CHURCH CASE By MICHELLE QUAH michquah@sph.com.sg FOONG Daw Ching, the external auditor who made a public video saying that no City
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  850 words
    • 502 4 They welcome Premier Li’s pledge to open economy but say big bang unlikely AFP [DALIAN] Business executives and analysts yesterday welcomed Chinese Premier Li Keqiang’s pledges of reform during his inaugural speech at the World Economic Forum’s “Summer Davos” meeting, but warned
      AFP  -  502 words
  • Page 2 Advertisements
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  • Page 4 Advertisements
    • 138 4 2-4 October 2013 IMPACT Exhibition Convention Centre Bangkok, Thailand www.powergenasia.com www.renewableenergyworld-asia.com f\SIA ENERGY W«KLD -ASIAADVANCING ASIA’S ENERGY FUTURE Attracting over 7,000 attendees from over 60 countries around the world, POWERGEN Asia and Renewable Energy World Asia are the annual meeting places for senior executives and leaders in the South East
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  • COMPANY NEWS
    • 421 5  -  90.15% of Guthrie’s issued shares now in Indonesian businessmen’s hands By CAI HAOXIANG haoxiang@sph.com.sg INDONESIAN businessmen Anthoni Salim and Putra Masagung have succeeded in their bid to take property and engineering group Guthrie GTS private, removing one of Singapore’s most venerable companies from the
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    • 280 5  -  By ONG CHOR HAO ongch@sph.com.sg MAINBOARD-LISTED Centurion Corporation has clinched a site in Woodlands that it plans to develop as a workers’ dormitory. The company, whose main businesses are in dormitories and optical discs, said yesterday that it had been awarded the tender
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    • 374 5  -  By MALMINDERJIT SINGH msingh@sph.com.sg KEPPEL Telecommunications Transportation (T&T) yesterday began work on its second cold chain logistics park in China, an integral part of a supply chain network it is aiming to create around the Yangtze River. The 33-hectare integrated Keppel Wanjiang
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    • 255 5  -  By JACQUELYN CHEOK jaccheok@sph.com.sg SP AusNet has failed in its appeal against income tax assessments for 2001-2006 income years. The electricity transmission and electricity and gas distribution stapled group said in an announcement yesterday: “The Federal Court of Australia today delivered judgment against SP
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    • 692 7  -  Contracts for year to date now total S$4b, on par with rival Keppel: analyst By MALMINDERJIT SINGH msingh@sph.com.sg SEMBCORP Marine announced yesterday that its subsidiary, Jurong Shipyard, has secured a US$346 million contract to build a rig, putting it close to its rival,
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    • 331 7  -  But it’s still waiting for outcome of China govt probe By ONG CHOR HAO ongch@sph.com.sg TROUBLED S-chip China Gaoxian Fibre Fabric Holdings has responded to requests from the Commercial Affairs Department (CAD) as it continues its recovery from an accounting scandal. Yesterday, it said
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    • 637 8  -  Shares surge amid strong order and expectations of more business Reports by MALMINDERJIT SINGH msingh@sph.com.sg ANALYSTS are tipping that Yangzijiang Shipbuilding Holdings would build on its strong showing over the next two years because of a strong pipeline of new orders and industry consolidation in
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    • 236 8 MAINBOARD-LISTED Cosco Corporation (Singapore)’s shipyard business has secured offshore and shipbuilding contracts totalling US$366 million. Subsidiary Cosco Shipyard Group’s Guangdong unit won contracts from a Netherlands-based company to build two platform supply vessels (PSVs), scheduled for delivery in the third quarter of 2015, with
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    • COMPANY BRIEFS
      • 78 8 SEE Hup Seng has entered a conditional agreement to buy Hetat Holdings, which primarily deals in designing, engineering and construction of steel, aluminium and glass structures, for $42.4 million. It will pay for the acquisition with cash and by issuing new shares
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      • 53 8 RAFFLES Medical Group and Shanghai Binjiang International Tourism Development Co have agreed to collaborate on the proposed development of an integrated international hospital with more than 300 beds in Pudong New District, Shanghai. The hospital is expected to provide high-end medical services for both local
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      • 78 8 DATAPULSE Technology has reported a 45.3 per cent increase in net profit to $10.2 million for the financial year ended July 31. Lower operating and income tax expenses, as well as the absence of a $2 million loss from discontinued operations last year, helped to
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    • 243 8  -  By JOYCE HOOI joyceh@sph.com.sg SINGTEL’S Optus Business has signed a A$530 million (S$625 million) deal with ANZ that will see the telco provide the banking group with telecommunications and managed services for another five years. According to ANZ CEO Mike Smith, this deal
      FILE PHOTO  -  243 words
    • 421 8  -  BY MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE has been the largest source of inbound investments in Malaysia, with more investors having taken an interest in its economic growth, particularly that in the financial services and consumer sectors. Amid a revving up in merger and acquisition
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    • 361 8 Bloomb erg Reuters [LONDON] Deutsche Boerse AG, owner of the Frankfurt stock exchange and the Eurex futures market, is considering opening a clearing house in Asia and Singapore is a possible location, according to two people familiar with the situation. The exchange
      Bloomberg; Reuters  -  361 words
  • Page 5 Advertisements
    • 286 5 CONGRATULATIONS To our Asian Human Capital Award 2013 Winners for their innovative, impactful and sustainable people practices that address unique human capital challenges in Asia. AWARD WINNERS MANILA ELECTRIC COMPANY successfully achieved excellent employee engagement scores and saw record-breaking performance on key metrics from their investment in nurturing a culture
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  • SINGAPORE MARKETS
    • 581 6  -  But it’s a less brisk session for blue chips on lack of major market-moving events STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent AN absence of any major market-moving developments meant a relatively tepid session for blue chips yesterday, and the Straits Times Index moved within
      Source: Bloomberg  -  581 words
    • 73 6 Sep 12 VALUE CLOSE BT OB/OS 699.0 -19.00 BT CADI -*****.0 +119.0 BT 10-day MA -*****.00 +70.00 FTSE ST Mid Cap 757.54 +5.02 FTSE ST Small Cap 552.73 +3.07 FTSE ST All Share 767.54 +3.58 FTSE ST China Top 203.26 +3.94 FTSE ST China 229.52 +3.59 FTSE
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    • 54 6 VOLUME Sunmoon 3,572,430,000 Albedo 1,266,491,000 YHM 527,320,000 WE Hldgs 355,938,000 Innopac 316,675,000 HanKore 155,902,000 WE Hldgs W*****7 141,990,000 Plastoform 134,970,000 Linair 124,298,000 GSH Corp 105,958,000 VALUE($) Albedo 89,217,730 Yangzijiang 88,424,385 Noble Grp 72,002,185 Genting SP 69,240,300 Wilmar 62,521,180 SingTel 55,758,795 UOB 55,013,480 DBS Grp 53,396,530 Innopac 51,855,288
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 1 0 0 0 10 3 1 Manufacturing 74 39 35 15 5 12 89 44 47 Commerce 28 20 20 7 5 3 35 25 23 Tpt/Stor/Comms 22 12 9
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,244 37,244 71,990 71,990 Manufacturing 872,848 236,339 1,109,187 300,139 12,791 312,931 Commerce 4,010,466 1,699,205 5,709,671 166,245 116,171 282,415 Tpt/Stor/Comms 207,698 31,974 239,672 189,057 11,084 200,141 Finance 361,466 1,689 363,155 222,193 720 222,913 Construction 126,837 533,689
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    • 941 6  -  Compiled by KENNETH LIM Singapore Banks CIMB Research, Sept 11 THE Monetary Authority of Singapore’s (MAS) refined rules on credit cards and unsecured credit are clearly designed to rein in debt in certain segments. Together with the recent mortgage debt-servicing limits and car financing rules, they indicate MAS’
      Source: Bloomberg  -  941 words
    • 117 6 Stock name Close Change CapMallsAsia 1.925 -0.005 CapitaLand 3.100 +0.030 CapitaMall 1.870 +0.010 CityDev 10.260 +0.040 ComfortDelGro 1.885 +0.015 DBS Grp 16.350 +0.040 GLP 2.760 +0.010 Genting SP 1.465 +0.020 Golden Agri 0.540 -0.010 HK Land 6.370 +0.040 HPH Trust US$ 0.755 +0.005 JMH 54.000 -0.460
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    • 506 6 CURRENCIES Reuters [LONDON] The euro fell yesterday after eurozone industrial output contracted in July, but the US dollar failed to make much headway against a basket of currencies amid nervousness before next week’s Federal Reserve meeting. Sterling cut losses against the dollar and
      Reuters; PHOTO: BLOOMBERG  -  506 words
    • 113 6 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 568.1 2.7 Lyxor EmergingMkts 1 1004 78.6 6.6 DBS Bk 4.7% NCPS 100 ***** 40.0 0.4 Lyxor Asia EX 10US$ 453 29.2 5.3 DBXT MSRussia 10US$ 304 24.1 6.7 Spore Land 898 23.0 2.6 Lyxor Indonesia10US$ 7892 19.0 0.2 Great
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    • 119 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -361.4 -2.2 JMH 5400 -58.3 -0.8 JSH 3340 -50.7 -1.2 Jardine C&C 3469 -47.0 -1.3 DBXT MSINDO 10us$ 1248 -30.4 -1.9 DBXT Nifty 10US$ 9461 -20.3 -0.2 DBXT S&P Short 10US$ 2880 -20.3 -0.6 IS MS India 100US$ 540 -20.3 -2.9 DairyFarm
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    • 5 6 DAILY
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 636 8 Not for distribution outside of Singapore (Company Registration No. *****0018G) (Incorporated in Singapore) NOTICE TO BONDHOLDERS ADJUSTMENT TO THE CONVERSION PRICE OF S$132,974,599 1.0 PER CENT. CONVERTIBLE BONDS DUE 2014 (ISIN: SG5T*****336) The Board of Directors of United Engineers Limited (the “Company”) refers to the S$132,974,599 1.0 per cent. Convertible
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    • 20 8 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices WATS NOTICES 'CLA/FEB11/g
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  • SINGAPORE NEWS
    • 463 9  -  BY RONNIE LIM ronnie@sph.com.sg PAVILION Energy, set up in April by Temasek Holdings to handle its liquefied natural gas (LNG) business, is all ready to roll. The company which has just moved into its office in Tower 3 of Marina Bay Financial
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    • 358 9  -  By GRACE LEONG gleong@sph.com.sg AN investor who sued UBS AG to recover more than US$8 million over an alleged mismanagement of his investment portfolio in the global financial crisis following the collapse of Lehman Brothers has withdrawn his suit after three days of trial.
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    • 250 9  -  By CARINE LEE carinel@sph.com.sg SPRING Singapore yesterday introduced the Education Innovation (EI) network, providing private education small and medium-sized enterprises (SMEs) with access to thought leaders and pedagogy experts for cross-shar-ing of best practices and methodologies. With the network, private education SMEs will gain
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    • 626 9  -  CapitaLand’s new 694-unit project will feature more smaller units BY KALPANA RASHIWALA kalpana@sph.com.sg CAPITALAND is pricing its new condo project in Bishan lower than its earlier next-door launch, Sky Habitat. It is also minting smaller units, and a higher proportion of
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    • 506 9  -  By in KELLY TAY in Hanoi kellytay@sph.com.sg DESPITE the challenges facing Vietnam’s banking sector, Singapore has much to offer and gain from maintaining close economic ties with the socialist republic. Given Singapore’s robust regulatory frameworks and financial services expertise, the city-state is well positioned
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  506 words
  • Page 9 Advertisements
    • 18 9 Call 1800 289 8822 or e-mail I notices@sph.com.sg I to publicise your Financial Statements WAT3 NOTICES CLA/FEB1 1/g
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    • 140 9 Hotter Than Iskandar Real Estate Investment Talk Invest In Limited Supply, Invest In A Rare Business Opportunity Shop Restaurant Space In A New Shopping Mall Presentation on: The hottest development area in Singapore the 800 ha Raya Lebar Air Base Redevelopment and the new Bidadari Estate; The property asset class
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  • MALAYSIA/INDONESIA
    • 336 10 [KUALA LUMPUR] The household debt level in Malaysia has not reached an alarming level and excessive lending activities have been contained, Malaysia’s Business Times reported. “We have seen loan growth drop to a more sustainable 9 per cent from 12 to 13
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    • 737 10  -  Policymakers want more control over processing and pricing of products By in JEFFREY HUTTON in Jakarta LESS than two weeks after shocking traders with new regulations requiring that the country’s tin producers sell the metal to overseas customers through domestic exchanges, the
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    • 613 10  -  By S JAYASANKARAN By in Kuala Lumpur THE October election of the politically dominant United Malays National Organisation (Umno) is likely to be a tame affair with no change in the party’s top two posts and at the helm of the women’s wing. Indeed,
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  • Page 10 Advertisements
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  • GREATER CHINA/INDIA
    • 566 11 Hynix, with 30% market share, says half its output came from Wuxi plant AFP [SHANGHAI] A fire at a giant Chinese factory making almost one sixth of the world’s supply of a key high-tech component shows how vulnerable global manufacturing chains can be
      AFP; PHOTO: AFP  -  566 words
    • 422 11 Reuters [BEIJING] China yesterday unveiled comprehensive new measures to tackle air pollution, with plans to close old polluting steel mills, cement factories and aluminium smelters, as well as slash coal consumption and boost nuclear power and natural gas use.
      Reuters  -  422 words
    • 358 11 Bloomb erg [MUMBAI] Indian billionaires led by Kumar Mangalam Birla are stalling purchases of mines overseas as the rupee’s 13 per cent drop this year inflates the cost of deals. The Aditya Birla Group, which runs the nation’s sec-ond-biggest copper and
      Bloomberg  -  358 words
  • Page 11 Advertisements
    • 68 11 1 /Si r a f LEE KURN YEW’S MANY m i flLfEWje^HBilingual in English and Chinese Follow Singapore's founding Prime Minister through nine decades of his life in this new pictorial book with 480 photographs, including over 100 published for the first time LEE KURN YEW H LIFE IN PICTURES
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  • WORLD
    • 449 12 Stolen data includes 2m customers’ names, bank account numbers AFP [BERLIN] Mobile phone operator Vodafone Germany yesterday said that a hacker had stolen the personal data of two million customers, and that a suspect had been identified. “This attack could only be carried out
      AFP; PHOTO: AP  -  449 words
    • 263 12 LATEST US DATA Reuters [WASHINGTON] US export prices fell for the sixth straight month in August while prices for non-petro-leum imports fell, signs of slack in global demand and in the domestic economy. Export prices fell 0.5 per cent during the month, the
      Reuters  -  263 words
    • WORLD WATCH
      • 60 12 AFP [BRUSSELS] Eurozone industrial output fell 1.5 per cent in July, data showed yesterday, dampening hopes for a continuation of the growth that helped the currency bloc escape recession. The monthly drop followed a downwardly revised 0.6 per cent rise in June, Eurostat said.
        AFP  -  60 words
      • 71 12 Reuters [LONDON] Some of Britain’s biggest retailers yesterday cast doubt on an imminent consumer recovery, saying they expected spending to remain subdued until wages started to grow ahead of inflation. Next, Britain’s No 2 clothing retailer, Wm Morrison Supermarkets and Home Retail said early signs
        Reuters  -  71 words
      • 98 12 Reuters [STRASBOURG, France] European lawmakers granted new powers to the European Central Bank (ECB) yesterday to supervise up to 6,000 eurozone banks, the first step in building the bloc’s flagship banking union. Lawmakers voted to allow the ECB to become the new banking supervisor from
        Reuters  -  98 words
      • 86 12 AFP [ATHENS] Greece’s unemployment rate hit a new record high in June, the state statistics agency said yesterday, despite recent signs that the country’s battered economy is improving. The jobless ratio climbed to 27.9 per cent of the workforce in June from 27.6 per
        AFP  -  86 words
    • 547 14 Economy sheds 10,800 jobs; analysts expected 10,000 jobs to be created AFP [SYDNEY] Australia’s jobless rate edged up to 5.8 per cent in August, a level not seen since the global financial crisis, with the sluggish economy shedding 10,800 jobs as the
      AFP; PHOTO: AFP  -  547 words
    • 381 14 Aid agency calls austerity measures ‘economic nonsense’ AFP [BRUSSELS] Up to 25 million more Europeans are at risk of sinking into poverty by 2025 if governments push on with austerity measures, international aid agency Oxfam warned on Wednesday, calling such policies “moral and economic
      AFP  -  381 words
    • 919 14 40% of respondents see Summers as Fed chief, 33% Yellen Bloomberg [WASHINGTON] Lawrence Summers would keep Federal Reserve policy tighter than Janet Yellen, his main rival to replace chairman Ben Bernanke, according to a Bloomberg Global Poll. Thirty-five per cent of investors,
      Bloomberg; PHOTOS: REUTERS, AFP  -  919 words
    • 720 15 Scramble likely to raise such ‘easy money’ before interest rates go up NYT [NEW YORK] For companies looking to raise money through the debt markets, and the bankers egging them on, it seems no sum is too large. Verizon Communications shattered records and
      NYT; PHOTO: REUTERS  -  720 words
    • 610 15 Economists predict the BOK will raise its rate by end-2014 Bloomberg [SEOUL] The Bank of Korea (BOK) held its key interest rate steady on economic resilience that is attracting foreign capital and made the won the best performer in Asia
      Bloomberg  -  610 words
    • 699 15 IPO to take place in coming weeks, amid dispute over pay Reuters [LONDON] Britain embarked on its largest privatisation in decades yesterday as the government unveiled plans to sell the majority of the near 500-year-old state-owned Royal Mail postal service.
      Reuters  -  699 words
    • 408 15 AFP [WASHINGTON] Five years after Lehman Brothers collapsed, the huge job of preventing the financial sector from bringing down the US economy again remains an unfinished work. The Dodd-Frank reforms, 2,300 pages of new regulation, were adopted in July 2010 by Congress
      AFP  -  408 words
    • 463 16 Future Basel IV may require 5% leverage ratio, tougher rules on risk-weighting: KPMG Bloomberg [LONDON] The eight biggest UK banks by assets may need to boost their capital levels by £50 billion (S$100.1 billion) or shrink their balance sheets
      Bloomberg; PHOTO: BLOOMBERG  -  463 words
    • 372 16 It plans to focus on SMEs and private banking Bloomberg [DUBAI] Standard Chartered Plc, the UK bank that earns most of its profit in Asia, expects to open 100 new branches in Africa by 2016 to benefit from the continent’s US$1
      Bloomberg  -  372 words
    • 619 16 Ministers will also discuss Ireland as it exits rescue soon AFP [BRUSSELS] Eurozone finance ministers meet today aiming to ensure that bailed-out member states stick to the rescue script, as further help needed by some waits out the German elections. “We are
      AFP  -  619 words
  • Page 12 Advertisements
    • 1309 12 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GKE GKE CORPORATION LIMITED (Company Registration No. *****1941G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GKE Corporation Limited (the “Company") will be held at 30 Pioneer Road, Singapore *****2 on
      1,309 words
    • 1238 12 GKE GKE CORPORATION LIMITED (Company Registration No. *****1941G) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, capitalised terms herein shall have the same meaning as ascribed to them under the Company’s circular to its shareholders dated 13 September 2013. NOTICE IS HEREBY GIVEN that
      1,238 words


  • Page 14 Advertisements
    • 783 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FORTUNE CAPITAL PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****561OC (“the Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held
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    • 913 14 IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF XIONG YING TEXTILES PTE. LIMITED (Co. Reg. No: *****6008E) (“Company”) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP NOTICE is hereby given that the following special resolutions were duly passed in writing on
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    • 134 14 In the Matter of The Companies Act (Chapter 50) And In the Matter of Y2: SPACE PTE LTD (In Creditors’ Voluntary Liquidation) UEN *****4490D NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company and
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  • Page 15 Advertisements
    • 179 15 Two for the win at Atrium Double the pleasure as 2013 FORMULA 1 SINGAPORE GRAND PRIX races right beside you with paired beverages and gourmet delights. Enjoy a pint of Draft Beer at $12 with any order of our house-made sausages or charcuterie platter, from $18. Celebrate your team’s win
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  • Page 16 Advertisements
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  • AVIATION/SHIPPING
    • 430 17  -  It will start direct daily flights between Manila and Dubai from October By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Cebu Pacific is going long-haul with direct daily flights between Manila and Dubai from Oct 7, after taking delivery of its second Airbus A330-300 aircraft. The
      PHOTO: AFP  -  430 words
    • 257 17 Bloomberg [SINGAPORE] China’s biggest domestic carriers are among stocks that will extend gains as Shanghai opens a free trade zone, according to Goldman Sachs. China Southern Airlines and China Eastern Airlines have share “upside”, along with Lao Feng Xiang Co, a Shanghai-based jewellery
      Bloomberg  -  257 words
    • 531 17 Reuters [LONDON] Private jet operator VistaJet will take on its Warren Buffet-owned rival in the United States next year before turning its attention to the Chinese market, the company’s founder and chairman Thomas Flohr said yesterday. “We’re in talks about setting up in
      Reuters; FILE PHOTO  -  531 words
    • 481 17 AFP [ROME] Salvage workers will attempt to raise Italy’s Costa Concordia cruise ship on Monday, weather permitting, in an unprecedented operation costing more than 600 million euros (S$1 billion), officials said yesterday. “If weather conditions allow, the operation will start at 6am
      AFP  -  481 words
    • 526 17 They say that deal generates US$500m in consumer benefits Bloomberg [WASHINGTON] American Airlines and US Airways Group have defended their proposed merger against a US antitrust lawsuit, saying that the combination would generate more than US$500 million a year in benefits to consumers. The
      Bloomberg  -  526 words
    • 343 17 Bloomberg [BEIJING] China Shipbuilding Industry Co, a supplier to the Chinese army, plans to raise as much as 8.48 billion yuan (S$ 1.76 billion) from the sale of shares to acquire assets used to assemble military equipment and fund projects. The company
      Bloomberg  -  343 words
    • 234 17 SGX '000 Sept 12 S$ +/-Vol CH Offshore 0.42 0.01 107 Chuan Hup Hldg 0.28 0.01 206 Cosco Corp 0.81 0.04 ***** s$ Ezra Hldgs 1.06 -0.04 ***** First Ship Lea Freight Links Grand Banks.............0.33 unch 27 Jaya Hold Ltd 0 28 K1Ventures 0.21 unch ***** Keppel Corp
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    • 2419 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
      2,419 words
  • Page 17 Advertisements
    • 36 17 ‘I look forward to S’pore food’ Hrithik Roshan on his visit here next week India International Insurance head on tabla! GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • EDITORIAL & OPINION
    • 491 18 EDITORIAL CHANGES in the pipeline for MediShield, first announced by Prime Minister Lee Hsien Loong in his National Day Rally speech last month, are welcome and timely. The transformation of MediShield into MediShield Life, taking on characteristics of universal healthcare coverage, will go a
      491 words
    • 779 18  - Breaking the cycle of low consumption investment THE BOTTOM LINE ROBERT SAMUELSON –The Washington Post Writers Group IN the struggle between capital and labour, capital is winning and that’s hurting the feeble US economic recovery. To simplify slightly: Labour (wage-earners and consumers) can’t spend; and capital (businesses and shareholders) won’t
      779 words
    • 922 18  -  The current state of design is seen as an evolution and continuation of the past By VOON WONG The writer is a director ofVW+BS, a multi-disciplinary practice based in London and Singapore. VW+BS was appointed the creative directors of the 2013 edition of 100% Design
      FILE PHOTO  -  922 words
    • 1208 19  -  The economy is resilient and the future looks bright if decisive action is taken By TAN KHEE GIAP, LINDA LOW, KARTIK RAO This article is summarised from the forthcoming book, ‘Annual Competitiveness Analysis, Simulation Studies and Development Strategies for 35 Sta tes and Federal Territories
      Graphics: Ludwig Ilio; Source for 2012 data: World Bank  -  1,208 words
    • 828 19  -  By NG YEW-KWANG The writer is Winsemius Professor, Division of Economics, Nanyang Technological University IATTENDED a wrap-up session of the Public Consultation on Certificates of Entitlement for Owning Cars (COE) and Car Ownership Issues on Aug 26 at the Land Transport Authority (LTA). During the
      FILE PHOTO  -  828 words
    • LETTERS TO THE EDITOR
      • 530 19 ON Sept 3, GRP Ltd announced the appointment of Peter Moe as an independent director. In response to the questions in the appointment template regarding whether he had been convicted of, or had judgment entered against him, or had been subjected to criminal or civil
        530 words
      • 413 19 RECENTLY, there have been two well-publicised short-selling “attacks” on Singapore listed firms. Emotions ran high and tempers flared, and there was a flurry of letters and articles in the local press calling for more regulation by the local regulatory bodies, namely the
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  • Page 19 Advertisements
    • 114 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • PROPERTY
    • 758 20 Iconic NYC hotel was once home to Eleanor Roosevelt NYT [NEW YORK] Don Fraser has a long-playing record something people listened to before everything went digital that was issued before Eddie Layton became the organist at Yankee Stadium and Madison Square Garden in the
      NYT  -  758 words
    • 400 20 Renovations to turn it into office space scheduled to be finished next year Bloomberg [NEW YORK] Google Inc has agreed to rent a former shopping mall in Mountain View, California, in the largest Silicon Valley lease deal of the year, according to
      Bloomberg  -  400 words
    • 324 20 It will build 1,700 affordable homes to meet rising demand Bloomberg [BERLIN] Berlin’s city government plans to build as many as 1,700 affordable homes at the Tempelhof airport complex that was used for the US airlift during the Cold War. Development of
      Bloomberg  -  324 words
    • 1049 22 Sales of four biggest developers dive and earnings shrink after govt slaps on property market cooling measures Reuters [HONG KONG] Hong Kong’s powerful property developers are locked in a price war as measures to cool one of the world’s most expensive real estate markets force
      Reuters; PHOTO: AFP  -  1,049 words
    • 1280 24 The cash-driven recovery of the property market is leaving out long-term buyers who finance their homes with mortgages Bloomberg [DUBAI] After five years living in Dubai, Akanksha Goel and her husband decided to buy a property instead of paying US$68,000 a year to rent their three-bedroom
      Bloomberg; PHOTO: BLOOMBERG  -  1,280 words
  • Page 20 Advertisements
    • 128 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WATS D04 HOUSE FOR SALE SENTOSA COVE D.04 Luxury 3-storey Houseboat Sentosa Cove. 3,000 sqft, 4 bdrm. Superb condition. Unique! Cosy environment. Grab! Stev Poh 8288 3753 D05 HOUSE FOR SALE HILLVIEW VICINITY 2.5-STY Terrace 2200/ 3500 sf. F’hold. Designer decor. Modern.
      128 words
    • 125 20 D10 HOUSE FOR SALE DETACHED HOUSE 20% below value 6308 sqft 999 years Detach. Near Amenities. 5+1+1. Quiet. $4.Xm. Move-In. Sole agent 8332 0808 Helena D10 HOUSE FOR SALE HOLLAND PARK Modern GCB. *****/ ***** sqft. 5 bdrm family helper rms. Pool. Samuel 9815 3223 SAVILLS D10 HOUSE FOR SALE
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    • 124 20 D10 HOUSE FOR SALE RIDOUT PARK Masterpiece GCB Ridout Park 15,500 8700sf. Forever greenery view. Immaculate cond. View to appreciate! Penny Ang 9022 9821 D10 HOUSE FOR SALE WHITE HOUSE PARK Auction 24 Sep. White House Park GCB. ***** sqft. F’hold. 2.5-sty. Open field. Mins to Orchard/ PIE. Potential Rebuild.
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    • 140 20 D15 HOUSE FOR SALE OPERA ESTATE 3Sty Corner Semi-D Opera Est. Approx land 3340/ 5000sf. Beautiful, cosy, reno. 6 bdrms ensuite/ big roof gdn. Serious Seller. 8288 3753 Stev Poh D16 HOUSE FOR SALE BUNGALOW Bedok Road FH. 2.5 storey full basement. Top notch fittings finishings. 6+1 ensuite. Mins to
      140 words
    • 120 20 D19 HOUSE FOR SALE BOUNDARY ROAD 3.5 Storey corner terr Boundary Road. Approx Land 2152/3500 sqft. F’hold. 11 years. 5+1. Near MRT. Richard Ong 9647 9755 D19 HOUSE FOR SALE BURGHLEY DRIVE Semi-detached. Land approx 2150/ built 3600 sqft. 3 storey +basement. 6 rms. Original cond. D19 HOUSE FOR SALE
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  • Page 21 Advertisements
    • 404 21 D26 HOUSE FOR SALE RAINTREE VALLEY Freehold. 2-storey corner terrace 3+1 bedrooms. 318 sqm approximately. Park 2 cars. Gan 9784 4878 D26 HOUSE FOR SALE SPRINGSIDE PLACE F’hold 3-storey corner terrace. Pool. Land 2928/ 4844 sqft. Designer showhouse condition. 4 rms study family roof terrace. Glynis *****122 D01 APARTMENT FOR
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    • 174 21 D09 APARTMENT FOR SALE BELLEVUE 2443sqft $4.8X mil. 3+1rm+Garden. High Ceiling!! Resort Living! Like Brand New! 9455 3343 Kelly D09 APARTMENT FOR SALE OXLEY EDGE Freehold 2+1 Penthouse. #04. $1.9XXM. $1608 psf. Near MRT Orchard Road. Monica 9689 3308 D09 APARTMENT FOR SALE PARC EMILY 3 bdrm 1238 sf Best
      174 words
    • 178 21 D10 APARTMENT FOR SALE LEEDON RESIDENCE Freehold. Pte lift. Good spacious layout. Quiet. 3, 4-bdrm. MRT. Excellent location. Daniel 9817 8911 D10 APARTMENT FOR SALE LEEDON RESIDENCE Leedon Residence, 4-bedrooms, 248sqm. Very Spacious. Prestigious/ Rare/ Freehold. Full Condo Facilities. Call Zoie Fong 9722 1552 D10 APARTMENT FOR SALE MONTANA FH.
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    • 182 21 D10 APARTMENT FOR SALE THE TRIZON Open House. Trizon Mount Sinai. 4 bedrooms, 2314 sqft, Pool view. Freehold. Full facilities. Move in condition. Best Deal! Call Zoie Fong 9722 1552 D10 APARTMENT FOR SALE VOLARI BALMORAL Duplex penthouse. 3509sqft. Private lift. 4bdrm. Panoramic view. Quiet. Bright windy $8.5M. Call Sam
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    • 183 21 D18 APARTMENT FOR SALE MELVILLE PARK Below Value! 3+1 1313 sf. Reno. 100% move-in. Spacious. Face pool.Breezy. MRT/ amenities. D19 APARTMENT FOR SALE MIDTOWN RESIDENCES New Launch! Mixed Development. Midtown Res. 3min Hougang MRT/ interchange, 1 min shopping centre. 2 rms from $8xxK! Foreigner eligible. D19 APARTMENT FOR SALE TREASURE
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  • Page 22 Advertisements
    • 499 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D20 APARTMENT FOR SALE THOMSON 3 Thomson 3! Asking $12XX psf up! 21 floor. 1 min to Upper Thomson MRT. Walk to Ai Tong School. Call Chris Chua 9382 1739 D20 APARTMENT FOR SALE THOMSON THREE Landed Enclave/Luxurious 1-4Bdrm/ Strata Semi-D 1
      499 words
    • 122 22 D28 HOUSE FOR RENT JALAN JITONG 3-storey Semi-D Seletar. 3400/5000 sqft. 5+1 Roof terrace. Renovated. Quiet. Near Greenwich Village. Immediate. $7XXX. Owner 9616 2291 D01 APARTMENT FOR RENT MARINA BAY RESIDENCES #3x. 1130 sqft. Designer decor. 2-bdrms. F/furn. Available Immediate. Expat choice! Also For Sale. 9003 0991 APP D01 APARTMENT
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  • Page 23 Advertisements
    • 245 23 D05 APARTMENT FOR RENT FLYNN PARK Flynn Park off Pasir Panjang, 3+1, 2100 sf $4.8k MRT. Hawker centre, NUH, NUS, Biopolis. Sara 9839 4962 D09 APARTMENT FOR RENT MORNINGSIDE 1800 sqft, 3+1 all attached bathrooms. Walk to Orchard/ MRT/supermarket. #14. Rental $7,000. Call Owner 9618 6166 D09 APARTMENT FOR RENT
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    • 244 23 D17 APARTMENT FOR RENT RIS GRANDEUR 4+1 2056 sf. F/furn. Reno. Available immediate Loyang Valley 2-bdrms 1500 sf. F/reno. Avail Oct D18 APARTMENT FOR RENT PASIR RIS Live by the beach Pasir Ris! 3-bdrm. Nice decor. Bright breezy, Viewing by appointment!! Call Ezzat Chew 9821 1353 D25 APARTMENT FOR RENT
      244 words
    • 255 23 D12 FACTORY FOR SALE GEMINI SIMS Gemini Sims. Freehold. Ramp-Up. From $686 psf 83 Units. Walk to MRT. Moving Fast. Call Amos Foo 9004 3687 Savills D12 FACTORY FOR SALE GEMINI SIMS Gemini Sims. Freehold. Ramp-Up. From $686 psf 83 Units. Walk to MRT. Moving Fast. Call Cher Tan 9875
      255 words
    • 257 23 D14 SHOP FOR SALE FRENCH ROAD A* HDB Shop house. 2-storey. 802 French Road. 5 mins to Lavender MRT. Excellent Investment! Only $1.37M. D16 SHOPHOUSE FOR SALE CHANGI ROAD Corner adjoining shophouse. Plot ratio 3. Tenanted. Near petrol kiosk. Rebuild potential. Call 9720 6817 Ken PN D19 RESTAURANT FOR SALE
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    • 211 23 D02 OFFICE FOR RENT ANSON CENTRE Tanjong Pagar MRT. Anson Ctr 6300 sqft. Fitted Aircon. Vacant. Low rental. Available Immediate. Susan 9789 5595 DTZ D02 SHOP FOR RENT CHINATOWN POINT Chinatown Point #02 shop relocation. Fitted, reno. Approx 1000 sf. Suits retail/ fashion. Hurry Call Now 6600 5998 D02 SHOP
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  • Page 24 Advertisements
    • 517 24 THOMSON THREE Call Toll-free 1800-289-9988 To Place Your Classified Advertisements i 1 i The Prestige. The Lifestyle. THOMSON THREE, naturally. Special Preview This Weekend 1 PIE (8 mins drive) MACRITCHIE RESERVOIR (LORNIE ROAD) (6 mins drive) EATERIES ALONG UPPER THOMSON (5 mins walk) UPPER THOMSON (Upcoming) (1 min walk) THOMSON
      517 words
    • 157 24 e i (O) h t O RIVERSU ITES Located at the Fringe of City 5 mins Walk to Boon Keng MRT 5-8 mins Drive to Orchard/CBD Riverfront Living Beautiful City View International Reputable Schools Developer Sales Team L*****87F Call Now for Viewing Grace Siah 9107 2237 CEA Reg No: R*****7D
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  • Page 25 Advertisements
    • 43 25 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
      43 words
    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 26 Advertisements
    • 200 26 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your
      200 words

  • SINGAPORE STOCKS
    • 3275 27 Transaction date: Sep 12 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 11.5 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 147.5 +1.5 305 147.5 146
      3,275 words
    • 258 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.5 unch 2140 1.5 1.5 1.5 1.6 23.8 Last Quote Div Gr Yld Net M Cap High
      258 words
    • 11284 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond f M local Ccy Bond .0 9098/ European Opportunities 1 1 7601/ Global
      11,284 words
    • 274 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 59 27 AVJennings A59 +1 8 59 59 55 60 3.6 5.9 4.8 218.4 52 31 Genting HK US$ US40.5 +1 7876 41 39.5 40 40.5 2666.7
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    • 875 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 112 +1 17 112 112 111 115 511.3 143 124.3 CIMB APAC Div 100S$D 135.2cd +2.5 1 135.2 135.2 134.5
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  • FINANCE & COMMODITIES
    • 616 29 Sep 12 Sep OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.90 *****.37 *****.57 Sep13 *****.00 *****.00 *****.00 *****.00 *****2 *****0 Dec13 *****.00 *****.00 *****.00 *****.00 *****6 *****8 MSCI TAIWAN INDEX FUTURES SPOT 289.68 291.29 289.29 Sep13 290.90 292.30 290.10 290.50 ***** *****8 Oct13
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    • 373 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 11 Index Change Change Change Change Change Change World Preliminary 1097.6 0.1 17.0 0.2 18.9 0.3 14.6 EAFE Preliminary 903.8 0.2 16.7 0.5 15.8 0.6 11.5 Europe Preliminary 1288.4 0.2 12.3
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    • 471 29 Sep 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.955 5.660 0.695 7.173 58.758 106.502 0.921 10.037 3.038 1.137 96.941 40.584 1.173 9.179 0.861 27.494 29.330 0.586 0.925 Canada 1.047 5.929
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    • 51 29 Sep 12 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 6 mths 12 mths Source: Thomson
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    • 91 29 Sep 12 Sep TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****E 07-Mar-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.01 5-Year N*****0T 0.5 01-Apr-18
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    • 140 29 Sep 12 GOLD(US$/oz) Sep 12 Sep 11 Hong Kong 1352.00 1374.00 Sep 11 Sep 10 London 1362.60 1362.01 1363.42 1363.03 Source: Thomson Reuters CAST BAR Sep 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125 55 5gm 354 277 10gm 633 554
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    • 53 29 Sep 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2351.0 866 Oct 13 2336.0 2341.0 2365.0 2336.0 1068 ***** Nov 13 2337.0 2333.0 2355.0 2322.0 ***** ***** Dec 13 2335.0 2330.0 2349.0 2319.0 4492 *****
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    • 156 29 Sep 12 Sep Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1729 1.1740 0.9249 0.9253 Canadian dollar 1.2287 1.2296 0.9691 0.9689 Euro 1.6870 1.6880 1.3303 1.3304 NZ dollar 1.0316 1.0328 0.8135 0.8140 Sterling pound 2.0033 2.0047 1.5798
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    • 109 29 Sep 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1405.25 1403.75 1408.50 1400.00 Nov 13 1358.25 1355.00 1361.50 1348.75 Jan 14 1358.00 1355.25 1361.25 1348.75 Mar 14 1340.50 1338.25 1343.00 1331.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
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    • 95 29 Sep 11 COCOA (£/tonne) Close Prev High Low Sep 13 1699 1703 1712 1684 Dec 13 1684 1688 1699 1667 Mar 14 1666 1669 1679 1650 May 14 1664 1665 1675 1647 COFFEE(US$/tonne) Close Prev High Low Sep 13 1747 1720 1747 1718 Nov 13 1769 1747 1775 1739
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    • 1216 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 35.5 1.5 522 0.0 5 -89 58 Asia-Pacific Strategic W*****6 0.6 1 123 169 76.67 8 Acma Ltd W*****7 Exer Albedo Limited W*****9 6.1 unch ***** AlliedTech W*****2
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    • 70 29 CRUDE OIL PRODUCTS Sep 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.70 0.60 WTI (Near Mth) 107.59 0.32 Dubai (1-Mth F) 106.83 -0.45 Tapis blend 120.27 -0.31 Minas 112.07 -0.31 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.00 -0.22 Jet Kerosene 124.16 -1.24 US$/barrel OpecOil Basket
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    • 22 29 Sep 12 S$ Bid Offer 1-month 1.2681 1.2688 2-months 1.2680 1.2687 3-months 1.2679 1.2686 6-months 1.2676 1.2683 Source: OCBC
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    • 66 29 Sep-11 Sep-11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1755.25 1749.00 3 months 1803.00 1797.00 Copper, Grade A(US$/tonne) Cash 7136.75 7136.25 3 months 7170.00 7170.00 Lead(US$/tonne) Cash 2101.00 2115.00 3 months 2125.00 2135.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 29 As at 9am Sep 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.210 1.153 Can dollar 1.251 1.203 Euro 1.725 1.643 Sterling pound 2.041 1.963 NZ dollar 1.055 1.015 US dollar 1.291 1.230 Local dollars to 100 units of foreign
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    • 154 29 Sep 12 $S Offer Bid 0vernight 0.03 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • executive lifestyle
    • 1124 30  -  Art, food, shopping and more feature in a diverse range of p0p—up events to be held during the Grand Prix week, reports DYLAN TAN dylantan@sph.com.sg THE Singapore Grand Prix season just got busier this year as more fringe activities from a diverse range of sectors
      PHOTO: @ADAGP, PARIS 2013  -  1,124 words
    • 449 30  -  By DYLAN TAN The Art of Collecting Sept 14 to Dec 31 Fort Canning Centre Prepare to journey through 500 years of art history as prestigious works by the likes of Botticelli, Rembrandt, Van Dyck, Monet, Renoir, Modigliani and Picasso are exhibited in Singapore for the
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    • CINEMA
      • 579 31  -  The Bling Ring is a cautionary tale about choosing friends, saysGEOFFREY GEOFFREY EU Robbing the homes of the rich and famous as a social enterprise or going shopping without having to pay for anything may be an outrageous notion to us ordinary folk,
        579 words
      • 540 31  -  By GEOFFREY EU THE coming-of-age tale is sometimes too easily dismissed by critics as a safe and unimaginative way out for filmmakers and audiences who are perhaps a little too comfortable with the cosy familiarity the genre offers. Predictability has its pitfalls, but
        540 words
      • 469 31  -  By RACHEL LOI rachloi@sph.com.sg IF there’s one thing you’ll never hear a filmmaker say, it’s that they have way too much money lined up for the budget of their latest film. In fact, the lack of funding is something that plagues many of
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    • MUSIC
      • 491 32  -  Rehearsals for Chi1dAid 2013 begin, with grmnastics and circus acts in final mix, reports RACHEL LOI rachloi@sph.com.sg THE actual concert may be in December, but preparations and rehearsals for ChildAid 2013 have begun this week, and will be in full swing by late October. Earlier
        PHOTOS: NEO XIAOBIN  -  491 words
      • 445 32  -  By DYLAN TAN dylantan@sph.com.sg MOVE over Mick Jagger what’s the big deal about moving like the seven-decade-young Rolling Stones frontman when you’ve seen Tony Bennett in action? The 87-year-old jazz crooner showed absolutely no sign of his age as he not only breezed his
        445 words
    • ARTS
      • 710 33  -  27 Indian artists from Singapore and India interpret the Lion City through their art, reports HELMI YUSOF helmi@sph.com.sg WITH the Indian rupee having recently slid to a record low, it may be a good time to buy Indian art. And the Black Frame Project: Your
        710 words
      • 523 33  -  By RACHEL LOI rachloi@sph.com.sg IT’S been 16 years since his last solo exhibition in Singapore, but Chinese avantgarde artist Mao Xuhui still remembers how at home he felt here. So he was more than happy to come back when invited again. “When I first
        PHOTOS: YEN MENG JIIN  -  523 words
      • 503 33  -  By RACHEL LOI rachloi@sph.com.sg IT has been seven years since Quentin Bernard first saw Ma Vie Avec Mozart (My Life With Mozart) at the Theatre du Montparnasse in Paris, but the French actor can still vividly recall how he felt when he walked out of that theatre. “The
        503 words
      • 925 34  -  Intrigued by the teas he collected, Alvin Tan turned to ceramics of the process, writes CHEAH UI-HOON CHEAH UI-HOON Collecting might just make you potty. Just look at Alvin Tan Teck Heng who started with collecting teas, and eventually got so steeped
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      • 436 34  -  By HELMI YUSOF helmi@sph.com.sg THERE are just three more months to the end of the year, but it’s fairly safe to say that Pangdemonium’s production of Next To Normal will turn out to be the best musical of 2013, and that its extraordinary achievements
        436 words
      • 495 34  -  By RACHEL LOI rachloi@sph.com.sg IN this age of computer-generated imagery (CGI) and explosive action films, traditional opera tales about feudal China are hardly considered scintillating material for younger audiences. That’s why opera troupes have to be more innovative and make
        495 words
    • WINE/ARTS
      • 1140 35  -  When it comes to matching curries, two may well be better than one so long as they are of soft ripe fruit, soft ripe tannins and with lots of acidity, says NK YONG NK YONG THE question “do we drink wine or not” when
        PHOTO: NK YONG  -  1,140 words
      • 471 35  -  By RACHEL LOI rachloi@sph.com.sg WHEN he started as a child at the age of 10, Chinese artist Qiu Jie used pencils for his drawings because he couldn’t afford more expensive materials. Now at the age of 51, he still uses the humble pencil to
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      • Around Town
        • 159 35 Anthropos: A mix of 11 local and Thai artists will have their works displayed at the Gillman Barracks for a month in an exhibition titled Anthropos: Navigating Human Depth in Thai and Singapore Contemporary Art. The exhibition, which consists of paintings, graffiti and mixed-media installations, will investigate the convergence
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        • 148 35 THE 5th Anniversary Celebrations New Vision: Catch THE Dance Company’s latest performance series, New Vision, made up of three multi-disciplinary works by Kuik Swee Boon, Zhuo Zihao and Jeffrey Tan at the National Museum of Singapore this weekend. The performance is not your typical dance show, as it incorporates
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        • Article, Illustration
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  • Page 35 Miscellaneous
    • 325 35 CRYPTIC CROSSWORD Across 1 Stones’ leader? He’s a card (4,2,8) 9 Perfectionist making jam by the French recipe, in short (8) 10 If recalled, clergyman will return note (5) 12 Part of plant found in grassy area, foliage primarily (4) 13 Obscure extra had to interrupt broadcast (10) 15 Soldiers
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