The Business Times, 20 September 2013

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Total Pages: 36
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, eptember 20, 2013
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  • 981 1  -  Observers see greater market volatility ahead and need for emerging-market reforms By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] Even as markets got a shot in the arm from the US Federal Reserve’s decision not to slow down its asset purchases, observers cautioned that the
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  • MARKETS DIGEST
    • 65 1 GST INDEX 3,251.78 (+57.93) GST INDEX FUTURES 3,250.00 (+58.00) GSIMSCI 369.06 (+5.17) GSIMSCI FUTURES 369.40 (+5.30) US$ S$ US$ (S$ per US$) 1.244 (US$/S$ per 1.614 2.007 EURO (US$/S$/€ 1.355 1.686 Foreign currency per US$ S$ YEN 98.90 79.50 RM 3.157 2.538 HK$ 7.754 6.233 BAHT 30.96 24.89 RUPIAH
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    • 46 1 Thursday Change KL COMP 1,792.91 +21.51 NIKKEI 225 14,766.18 +260.82 HANG SENG 23,502.51 +385.06 SET INDEX 1,489.06 +49.93 JAKARTA COMP 4,670.73 +207.48 MANILA COMP 6,511.70 +177.74 SEOUL COMP Closed SHENZHEN B Closed MUMBAI IND 20,646.64 +684.48 12noon EDT Change DOW 15,640.54 -36.40 NASDAQ 3,783.96 +0.31
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    • 20 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA KOREA TAIWAN BRITAIN JAPAN 1.475 KOREA 9.33 BRITAIN Source: Bloomberg
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  • 935 1  -  COMMENTARY VIKRAM KHANNA vikram@sph.com.sg Associate Editor SURPRISE, surprise. There will be no “tapering” by the US Federal Reserve just yet. Quantitative easing version 3.0 (QE3), which started almost exactly a year ago, will continue in its current form, with no firm commitment on when it
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  • Page 1 Advertisements
    • 151 1 PROPERTY Waterwoods to be first EC with maisonettes PAGE 20 DEUTSCHE BANK Appeals Court overturns US$49m judgment against bank page 13 EXECUTIVE LIFESTYLE Creating new dimensions PAGE 31 COMPANIES SIAtosetup joint-venture airline in India page 2 Read OCBC’s research report on the Fed’s phantom QE taper at btd.sg/1a6ijay **********04 More
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  • TOP STORIES
    • 607 2  -  Failed courtship that started in 1994 now set to be consummated By VEN SREENIVASAN By ven@sph.com,sg [SINGAPORE] If at first you don’t succeed, try again even if it’s nearly two decades later. Singapore Airlines (SIA) has unveiled plans to get into bed
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    • 178 2 A note of caution after no-taper rally EVEN as markets got a lift from the US Federal Reserve’s decision not to slow its asset purchases, observers cautioned the rally could be short-lived. FRONT PAGE SIA, Tata to run full-service carrier SINGAPORE Airlines has unveiled plans to get into
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    • SINGAPORE GP
      • 368 2  -  B y NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Despite clocking its sixth year as a race venue, ticket sales for the 2013 Formula One (F1) Singapore Grand Prix are stronger this year, with more tourists making their way here for the annual race.
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      • Article, Illustration
        112 2  -  BY ARTHUR LEE SOME 800 fans thronged Millenia Walk to meet Lewis Hamilton and his Mercedes-Benz team mate Nico Rosberg yesterday afternoon. The crowds had started gathering more than an hour before the event. One fan even brought along a large Union Jack flag with “Hamilton” loudly emblazoned
        ARTHUR LEE  -  112 words
      • 333 2  -  By AMIT ROY CHOUDHURY amit@sph.com.sg [SINGAPORE] For this weekend’s Formula One race here, Sebastian Vettel from Red Bull and Fernando Alonso of Ferrari are the most talked-about drivers, if one were to go by the chatter on social media. Also, Singapore’s nowfamous street
        Graphics: Hyrie Rahmat; Source: SAP  -  333 words
    • 1047 4  -  Fed has to balance between being too transparent or not transparent enough FED’S ABOUT-TURN By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] “In a world in which inflation risks are no longer one-sided and short-term nominal interest rates are at historical lows, the success of monetary policy depends more on
      Source: Bloomberg  -  1,047 words
    • 371 4  -  REUTERS BREAKINGVIEWS By EDWARD HADAS BEN Bernanke seems to be enslaved to a discredited assumption about credit. On Wednesday, the chairman of the US Federal Reserve surprised and delighted financial speculators by continuing the bond-buying policy. It was interpreted, quite correctly, as a sign that the Fed cares
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    • 678 4  -  By ROB CURRAN ON Wednesday, US Federal Reserve chairman Ben Bernanke delayed the inevitable, defying Wall Street expectations that the Fed was ready to wean the US economy off monetary stimulus. If nothing else, the whole will-they/won’t-they “tapering” drama proves how difficult it
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  • Page 2 Advertisements
    • 194 2 i w The colours. The festivities. Experience the celebration that stops a nation. Visit Melbourne this November and be a part of the celebrations and festivities of The Melbourne Cup Carnival 2013 the most vibrant and established horse-racing event in the world that celebrates both the sport and fashion. Dubbed
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  • Page 3 Advertisements
    • 145 3 •J fm 'Art as rVrMVJe =:y(p.A JS&. <*£ Depuis 1775 r- mo*.. V r i 4\ m •"i y m y sv s w*. ci p sss ■•3S V'. St V\>. I. Vf W h: **Hl m h >\A* ,V»v WMT. w ■a s, sv* J*W Breguet, the inno Invention
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  • Page 4 Advertisements
    • 321 4 QUALITY RELIABILITY REPUTATION. (SSSSSSi 2013 ata NlD-***** Judy Kueh 2015 DEC EXP A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to look for NATAS-accredited staff for
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  • Page 5 Advertisements
    • 78 5 We look forward to shopping holidays, not realising that retail therapy begins at the airport. Get a head start on your holiday at Changi Airport. With over 350 retail stores to indulge in, tax-free purchases and a 30-day money back guarantee, you'll be amazed at what you've been missing out!
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  • COMPANY NEWS
    • 244 6  -  StarHub, M1 also release pricing information By JOYCE HOOI joyceh@sph.com.sg WITH the telcos starting to sell the new iPhone today, StarHub and M1 released their pricing information for the new phone yesterday. SingTel had announced its iPhone price plans on Tuesday evening. While StarHub
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    • 844 6  -  HOCK LOCK SIEW By ANGELA TAN angelat@sph.com.sg I T CAN be an investor’s dream or nightmare. In just a week, Asiasons Capital Ltd, a Singapore-listed Malaysian- based investment group, saw its share price more than double from its last traded price of $1.325 on Sept
      Source: Bloomberg  -  844 words
    • 284 8  -  Webber chauffeurs winning students to OCBC event By ARTHUR LEE arthurl@sph.com.sg A full-size F1 car, decked out in Infiniti Red Bull colours, was parked in OCBC’s main banking hall this week. On hand yesterday evening at the OCBC Centre was Formula 1 driver for Red Bull,
      PHOTO: ARTHUR LEE  -  284 words
    • 471 8  -  A$116m shares, bonds deal could give it control of Discovery Metals By JASMINE NG jasng@sph.com.sg BLUMONT Group is investing A$116 million (S$137 million) in Discovery Metals a deal that could give it control of the Brisbanebased copper explorer. Blumont Copper, a joint venture with
      Source: Bloomberg  -  471 words
    • 384 8  -  By JOYCE HOOI joyceh@sph.com.sg SINGTEL’S e-book service skoob has become the second casualty in the telco’s foray into the digital space. skoob will stop selling books from next Tuesday and cease operations on Nov 5 just 10 days shy of its second
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    • 322 12  -  Japanese, European companies also show more interest in listing here By KENNETH LIM kenlim@sph.com.sg SOUTH-EAST Asian companies will continue to be a key source of new listings for the Singapore Exchange (SGX), even as interest from Japanese and European companies picks up,
      PHOTO: BLOOMBERG  -  322 words
    • 296 12  -  It hopes JV will enhance its vessel charter operations By VIVIEN SHIAO vshiao@sph.com.sg NAM Cheong, through its subsidiary Nam Cheong Pioneer Sdn Bhd (NCP), is taking a 49 per cent stake in a shipping company in Indonesia for US$1.5 million. The company
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    • COMPANY BRIEFS
      • 41 12 ASIAN Trust Investment has become a substantial shareholder in Logistics Holdings, following the acquisition of about 1.06 million shares. This raises Asian Trust Investment’s stake to 5.60 per cent, from 4.97 per cent previously.
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      • 71 12 NOMURA has appointed Freddy Lim as managing director and global head of derivatives strategy. Tasked with developing actionable trade ideas for clients in derivatives markets across asset classes, Mr Lim will report jointly to Des Supple, head of global markets research, and Tony Morris, global
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      • 61 12 HIAP Seng Engineering Limited has been awarded two contracts worth about $57 million for the provision of piping and equipment installation works and the provision of mechanical, equipment erection and structural works in Singapore. Both contracts are expected to commence in September and
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      • 59 12 HIAP Tong Corporation has entered into an option to purchase with AKZO Nobel Paints for the proposed acquisition of a leasehold industrial property located at Lot 942X Mukim 6, for $18.0 million. The 60-year leasehold property’s lease commenced on Dec 1, 1968. The proposed
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      • 51 12 THE Singapore Exchange has granted soon-to-be delisted Food Junction Holdings a waiver from a requirement that called for the approval by the shareholders at a general meeting, as long as the delisting resolution is not blocked by 10 per cent or more of shareholding
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      • 44 12 SABANA Real Estate Investment Trust has received in-principle approval for the listing of 40 million new units in Sabana Reit, which are proposed to be issued under a placement of new units at $1 apiece.
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  • Page 6 Advertisements
    • 409 6 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 Paya Lebar Air Base Redevelopment and the new Bidadari Estate; The property asset class
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    • 199 6 PropNex Service You Trust L*****22J Own a piece of (FREEHOLD ~$5XX property from only Located off Upper Thomson 96 Units Canteen Foreigner Eligible NO ABSD Seeking indication of interest now III y a m FREE SEMINAR BY INDUSTRY PROFESSIONALS Understand the Industrial Market Trend, Legalities from PropNex and Rodyk Davidson
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  • Page 7 Advertisements
    • 252 7 RHR a n s Xn if T s X V\ xN /f I a ak ."fc";^ 1 '*0^'* :TT-' 53 x '"> m i\ w v—- f g* v m y 7* A .i aiB! •v kv V\*°“ .V A IV* v\ ULYSSE NARDIN Le Locle Suisse PARMIGIANI □E BETHUNE
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  • Page 8 Advertisements
    • 146 8 Be Empowered with Singapore Property Watch v Gain access to valuable information to the property you are looking to buy sell rent! Transactions History Profitability Analysis Rental History Nearby Properties WSTOOCAL MONTHLY PRICE RANGE Jun 2009 Maximum; $l,2S3psf Average; Sl,052psf Min mum: SSSOpsf !RTIcS PRICE COMPARISON (UP TO 60) MSTORKAL
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    • 85 8 INDUSTRIAL PROPERTY FOR SALE Waigaoqiao Free Trade Zone, Shanghai, China 3-storey office cum warehouse with passenger cargo lift Suitable for manufacturing, logistics or warehousing Site Area: 11,458 sqm, Build Area: 9,631.2 sqm 40 min drive to Hongqiao International Airport; 20 min drive to Pudong International Airport; 20 min drive to
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  • Page 9 Advertisements
    • 150 9 BENTLEY WEARNES AUTOMOTIVE -S m me spur 7 1 5 5 YEARS WARRANTY YEARS MAINTENANCE Luxury has never been this breathtaking, until now. The New Flying Spur. It’s not just because of the exquisite luxury and craftsmanship from this exalted marque. But the phenomenal 320km/h speeds that drive it as
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  • SINGAPORE MARKETS
    • 580 10  -  STI shoots up as Wall Street hits record highs on news of no tapering of stimulus for now STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday surged 57.93 points or 1.8 per cent to 3,251.78, riding on a wave of euphoria
      Source: Bloomberg  -  580 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 1 3 0 0 0 9 1 3 Manufacturing 73 44 37 13 9 14 86 53 51 Commerce 29 18 19 7 3 4 36 21 23 Tpt/Stor/Comms 29 12 3
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    • 123 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 43,565 43,565 92,069 92,069 Manufacturing 1,029,233 296,123 1,325,356 266,710 11,866 278,576 Commerce 441,274 1,204,103 1,645,377 163,929 91,863 255,792 Tpt/Stor/Comms 111,716 26,183 137,899 185,922 10,887 196,809 Finance 139,068 960 140,028 267,654 408 268,062 Construction 206,049 307,577
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    • 117 10 Stock name Close Change CapMallsAsia 1.990 +0.040 CapitaLand 3.240 +0.100 CapitaMall 2.010 +0.060 CityDev 10.480 +0.050 ComfortDelGro 1.960 +0.035 DBS Grp 16.650 +0.080 GLP 2.880 +0.050 Genting SP 1.465 +0.005 Golden Agri 0.545 +0.010 HK Land 6.790 +0.220 HPH Trust US$ 0.775 +0.005 JMH 60.440 +3.840
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    • 4 10 DAILY
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    • 73 10 Sep 19 VALUE CLOSE BT OB/OS 787.00 +84.0 BT CADI -*****.00 +201.0 BT 10-day MA -*****.00 +79.00 FTSE ST Mid Cap 793.52 +20.33 FTSE ST Small Cap 580.67 +7.14 FTSE ST All Share 800.89 +15.08 FTSE ST China Top 205.85 +2.00 FTSE ST China 234.65 +2.70 FTSE
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    • BROKERS’ TAKE
      • 323 10 Sept 19 close: $0.585 DBS Group Research, Sept 19 SINGAPORE’S only listed workers dormitory operator: Centurion, is a premier player in the foreign worker dormitory business, garnering a market share of about 11 per cent with 18,000 beds in three dormitories in Singapore. The group has also expanded
        Source: Bloomberg  -  323 words
      • 187 10 Sept 19 close: $0.88 OCBC Investment Research, Sept 19 DECLINED stakes in Chinese hotels from sponsor: OUE Hospitality Trust (OUEHT) has declined an offer from its sponsor, OUE Limited, for the acquisition of a 100 per cent stake in Meritus Mandarin Haikou and an 80 per cent
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      • 219 10  -  Compiled by JOYCE HOOI Sept 19 close: $10.80 DMG Partners Research, Sept 19 KEPPEL Corp (KEP) has secured two floating production storage and offloading (FPSO) conversion contracts. This lifts its year-to-date new orders to $4.3 billion, accounting for 72 per cent of our $6 billion order win estimate
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      • 132 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
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    • 567 10 CURRENCIES Reuters [LONDON] The dollar struggled near a seven-month low against a basket of major currencies yesterday, after the Federal Reserve wrong-footed many investors who had positioned for a scaling back in its massive stimulus programme. The safe-haven yen fell too, sliding
      Reuters; PHOTO: AP  -  567 words
    • 52 10 VOLUME Albedo 1,074,738,000 HanKore 451,920,000 YHM 300,607,000 ChinaGaoxian 244,702,000 Otto Marine 185,069,000 Sunmoon 162,806,000 IPCO Intl 136,217,000 Rowsley 136,063,000 Equation 125,383,000 Innopac 108,868,000 VALUE($) DBS Grp 90,521,050 SingTel 88,251,590 Rowsley 86,152,915 Albedo 76,587,699 UOB 76,042,230 OCBC Bk 59,157,360 Keppel Corp 48,446,540 Ascendasreit 46,615,482 Genting SP 46,417,275 GLP
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    • 108 10 BY CENTS CLOSE UP GLD 10US$ ***** 735.0 4.7 JMH 6044 477.5 6.8 Lyxor Indonesia10US$ 8501 344.5 3.4 Jardine C&C 3940 336.0 9.3 JSH 3660 263.6 6.1 DBXT AUD Bonds 5AU$ ***** 250.7 1.2 DBXT MSEurope 10US$ 5691 237.5 3.5 DBXT iBoxxSing 5SG$ ***** 176.0 1.4 DBXT MSKorea 10US$
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    • 127 10 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 2807 -51.0 -1.4 IS LC 1-3Y 100S$D 1257 -18.0 -1.4 ISR 55 -12.0 -17.9 UOB BP eCW*****2 0.9 -9.2 -91.1 Creative Tech 231 -7.0 -2.9 LionGold 155 -5.5 -3.4 IS ASIA BND 100S$D 1246 -4.0 -0.3 LionGold W*****7 41 -4.0 -8.9
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    • 5 10 DAILY
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  • Page 11 Advertisements
    • 289 11 JJ City Developments Limited YEARS* 17TRUST* G ilium i AW' a •!.■■'.V. i Ai mm. i r: #L ni Yk r >5m%Sfc '-7.WS-- m Y •Vx: 7";^ y>ifsiz^s w v NS 1 CO ii 1 si wH v- 7 flfl I Ml 3S Mm W'Mm- TV \(«i v ihI .(V
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  • Page 12 Advertisements
    • 346 12 M STPROPERTY SEMINAR Strategy For The Smart Investor HOW TO CAPITALISE ON CURRENT MARKET TRENDS POLICIES The government has recently announced its Future development plans for Bidadari Estate, Punggol Matilda, Tampines North and the Paya Lebar Airbase. How would that, together with the recent HDB housing measures and grants, affect
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    • 21 12 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • SINGAPORE NEWS
    • 778 13  -  Deutsche Bank did not owe him a duty of care to warn him of investment risks By GRACE LEONG By gleong@sph.com.sg THE Court of Appeal has overturned a US$49 million judgment awarded to Taiwanese scientist Chang Tse Wen, who lost nearly half his
      778 words
    • 408 13  -  By PAULINE NG in Kuala Lumpur SINGAPORE and Malaysia have forged strong ties because the leaders of both countries enjoy good rapport and trust, and recent bilateral projects will provide opportunity for more private-sector participation, said Singapore President Tony Tan Keng Yam. Speaking at
      PHOTO: LIANHE ZAOBAO  -  408 words
    • 247 13  -  –By ARTHUR LEE SOME 100,000 Singaporeans will get to sink their teeth into well-known Krispy Kreme doughnuts for free. To celebrate the entry of the 75-year-old American brand into Singapore, Krispy Kreme Doughnuts famed for its Original Glazed® Doughnut is giving away doughnuts in the run-up
      PHOTO: ARTHUR LEE  -  247 words
    • 466 13  -  By VIVIEN SHIAO vshiao@sph.com.sg ONE in six working people here (17 per cent) believe they will never be able to retire from all paid employment. A study by HSBC has found that three-fifths of working adults either plan to
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    • 573 13  -  It will impact Hong Kong, S’pore but cannot replace them By SIOW LI SEN lisen@sph.com.sg THE new Shanghai Free Trade Zone (FTZ) will not threaten Singapore’s status as a trade and financial hub, says Wanxiang Resources Co president Han Youhong. “The Shanghai FTZ
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    • 571 13  -  By amit@sph.com.sg AMIT ROY CHOUDHURY amit@sph.com.sg WITH two-factor authentication (2FA) becoming mandatory for Internet banking and other online transactions, one in three Singaporeans now own a 2FA device, a survey has found out. The finding comes from Assurity Trusted Solutions, a subsidiary
      571 words

  • MALAYSIA
    • 484 14 Even so, Kuan Kam Hon is still the one ‘who is everywhere in the factory’ Bloomberg [SINGAPORE] Kuan Kam Hon saw the need for rubber gloves during the early years of the Aids epidemic. At the time, healthcare workers and others
      Bloomberg  -  484 words
    • 265 14 [KUALA LUMPUR] Malaysia will not impose capital controls for now but use other existing financial instruments to correct any economic volatility, Prime Minister Najib Razak said yesterday. However, he did not rule out the possibility of implementing capital controls as a
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    • 484 14 Bloomberg [KUALA LUMPUR] Malaysia’s two biggest stateowned pension funds, which together manage US$200 billion, plan to boost holdings of dollar sukuk as the debt beats ringgit notes. Employees Provident Fund (EPF), which has 27 per cent of its US$170 billion in assets
      Bloomberg  -  484 words
  • Page 14 Advertisements
    • 2708 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 9% SHANGHAI ASIA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****9262D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Shanghai Asia Holdings Limited (the “Company") will be held at Sheraton Towers
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    • 594 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SCAPA PTE LTD Company Regn No *****1964H (In Members’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the above
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  • GREATER CHINA/INDIA
    • 726 15 Their gain is 5 times more than index’s, following free trade zone announcement Bloomberg [SHANGHAI] Zhang Guangdi has watched the market value of his Shanghai International Port Group shares jump 130 per cent since Aug 22, when China’s commerce ministry said
      Bloomberg; PHOTO: AP  -  726 words
    • 616 15 Big businesses asked to spend 2% of profits on CSR AFP [NEW DELHI] India’s government still struggles to provide reliable basic services to a majority of its citizens, trapping hundreds of millions of them in poverty. Now the country’s richest firms
      AFP  -  616 words
  • Page 15 Advertisements
    • 30 15 RARE FREEHOLD B1 LAUNCH RAMP UP LIGHT INDUSTRIAL Sizes: 3800 15,000 sf. Launch to Sell! Raya Lebar Biz Hub. MRT. Amenities Upcoming Redev Lands/ Infrastructure Savills +65 8500 0781 (Bellevin)
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    • 76 15 V The crisp, dean smell. Of the new, clean sheets. Makes every breath a kiss of freshness. Sink into the soft ocean of the new mattress. And enter a state of deep rest and relaxation. Wake up feeling refreshed. Wake up to the feeling of New. The all-new Carlton City
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  • WORLD
    • 350 16 LATEST US DATA increase. Bloomberg, Reuters [WASHINGTON] Sales of previously owned US homes unexpectedly rose in August to the highest level in more than six years as buyers rushed to lock in interest rates before they rise further. Purchases climbed 1.7 per cent to
      increase. – Bloomberg, Reuters; PHOTO: AFP  -  350 words
    • WORLD BRIEFS
      • 103 16 Reuters [TOKYO] Japanese Prime Minister Shinzo Abe has ordered the scrapping of two Fukushima nuclear reactors that survived the 2011 tsunami, a write-off that threatens to complicate a turnaround plan the operator has presented to creditors. Mr Abe said that he told Tokyo
        Reuters  -  103 words
      • 86 16 AP [BRUSSELS] A European Union study says that the bloc’s 28 member nations lost an estimated 193 billion euros (S$325 billion), or 1.5 per cent of the EU’s economic output, in value-added tax revenues due to tax evasion and a lack
        AP  -  86 words
      • 135 16 Reuters [WASHINGTON] JPMorgan Chase Co, the biggest US bank, will pay some US$920 million in penalties to regulators in two countries to settle some of its potential liabilities from its US$6.2 billion London Whale derivatives loss last year, according to terms made
        Reuters  -  135 words
    • 519 16  -  Regional spurt a sign of better outlook for Asia and US from here on, say analysts By ANTHONY ROWLEY in Tokyo TOKYO stock prices jumped to a two-month high yesterday, in tandem with other Asian markets, as the US Federal Reserve’s unexpected
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    • 676 17 Market talk is that Simonelli, named to head oil gas unit, may be future CEO Bloomb erg [NEW YORK] General Electric Co’s decision to hand control of the rapidly growing oil and gas division to Lorenzo Simonelli is fuelling speculation
      Bloomberg; BLOOMBERG FILE PHOTO  -  676 words
    • 334 17 Reuters [HONG KONG] Goldman Sachs Investment Partners and Cong Li, the former chief investment officer of Mirae Asset Global Investment (Hong Kong), are preparing to start separate Asian hedge funds as fund launches gather pace in the second half of the year in
      Reuters  -  334 words
    • 604 17 AFP [BERLIN] German voters look set to reward Angela Merkel on Sunday with a third term, for seeing them through the eurozone crisis stronger than before, making her the only major European leader to survive the turmoil. As the debt
      AFP; PHOTO: AFP  -  604 words
    • 741 17 Further writedown likely as takeover talk hurts sales Bloomberg [TORONTO] BlackBerry Ltd’s swelling inventory of unsold smartphones is approaching the US$1 billion mark, raising the chance that the company will make its fourth writedown in two years when it posts earnings next week. BlackBerry
      Bloomberg  -  741 words
  • Page 16 Advertisements
    • 708 16 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NIPPONKOA INSURANCE NIPPONKOA INSURANCE CO., LTD, SINGAPORE BRANCH Pursuant to Section 49FC(1)(b) of the Insurance Act, Chapter 142 Notice is hereby given that a Scheme dated 15 August 2013 (the “Scheme”) to effect the transfer of the general insurance business of Nipponkoa Insurance
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    • 689 16 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Tenor Approximately 2 Years Total Amount Offered SGD 2,500,000,000 Minimum Denomination SGD 1,000 MAS' Intended Tender Amount2 Nil Issue Code N*****0W (Reopened) ISIN Code SG7Y*****288 Issue Date/Settlement Date 01 October 2013 Maturity Date1 01 April 2016 Coupon Rate
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  • EDITORIAL & OPINION
    • 458 18 EDITORIAL AS Singapore contemplates its 48th birthday and the 90th birthday of the nation’s architect this month, there is ample opportunity to reflect on the wealth of advancements that its citizens have made over the last few decades. While the country’s landscape has been dramatically
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    • 745 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group UNHAPPY birthday. Five years since the collapse of Lehman Brothers, we still lack a true understanding of what caused the financial crisis and Great Recession. Oh, there are standard stories from left and
      The Washington Post Writers Group  -  745 words
    • 1200 18  -  Summers’ decision vis-a-vis Fed chair and US move on Syria exemplify this phenomenon LEON HADAR Washington Correspondent Economists use the term “recognition lag” to describe the delay in time between the occurrence of a major economic event and how long it takes to be
      PHOTO: REUTERS  -  1,200 words
    • 1248 19  -  Wider acceptance of these trusts could go a long way in providing capital for infrastructure in Singapore and the region By SHARAD SOMANI, PRIYANKA MEHROTRA The writers are respectively partner and assistant manager, Global Infrastructure Advisory, at KPMG in Singapore AS INVESTMENTS go, they don’t get
      FILE PHOTO  -  1,248 words
    • 839 19  -  By NEETA LAL The writer is a New Delhi-based journalist THE “pro-farmer” land acquisition bill passed recently by the Indian Parliament may end up being anti-business. The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2013, now on
      PHOTO: AP  -  839 words


  • PROPERTY
    • 779 20  -  Meanwhile, UOL collects more than 500 cheques for Thomson Three By KALPANA RASHIWALA kalpana@sph.com.sg WATERWOODS in Punggol, the latest executive condo (EC) project coming on the market, will notch a couple of firsts in terms of luxury for an EC project. It will
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    • 526 20  -  They make up 26% of H1 hike, even though their market share is just 3.3% By MINDY TAN tanmindy@sph.com.sg RENTAL demand for homes continued to strengthen in Q2, driven by a surge in interest in shoebox units. According to data from Square
      526 words
    • 548 22  -  Wan Abdullah says figures won’t be as severe as the ABSD in Singapore By ONG CHOR HAO ongch@sph.com.sg THE man helming the master developer for the Nusajaya flagship zone in Iskandar, Johor, does not believe that an impending property tax hike
      548 words
    • 802 22 Nationwide prices down 1.9%, from prior year’s 2.7% fall Reuters [TOKYO] Japan’s land prices have fallen the least since the global financial crisis in the year to July 1, while commercial land in the three biggest cities rose in value for the
      Reuters; PHOTO: REUTERS  -  802 words
    • 989 24 Fearing govt cooling measures and credit crunch, they cut capital spending Reuters [HONG KONG] China’s biggest property developers are sitting on US$25 billion in cash as they prepare for a possible credit crunch and another round of crackdowns on real estate speculation. Companies
      Reuters; PHOTO: REUTERS  -  989 words
    • 359 24  -  &SH REUTERS BREAKINGVIEWS By JOHN FOLEY HUBRIS has returned to China’s property market. House prices rose at their fastest rate in over three-and-a-half years in August. Smart investors are sniffing around the sector, in the belief that they can sift the good from the
      359 words
  • Page 20 Advertisements
    • 641 20 D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove Corner Terrace 3 storey basement. 5+1 bedrooms, 3404/ 4482 sq.ft. with private berth, $8M. Call KC Yong 9186 8833 ERA D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove White minimalist Stunning panorama waterway Bunglw. Purity of modern interiors! Approx. 10,000 sqft! 4+1+1
      641 words

  • Page 21 Advertisements
    • 937 21 D17 HOUSE FOR SALE PASIR RIS BEACH PARK Pasir Ris Beach Pk Resort feel. Big. Corner Terrace 3-sty 8+1. Pool. Lift. Almost new Nice garden. Stroll to beach Value Buy. Phelia 9173 3138 D19 HOUSE FOR SALE CHARLTON 27 Surin Avenue. Freehold Terrace. From $6xx psf, with 4% rental yield
      937 words

  • Page 22 Advertisements
    • 129 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WAT-=i D10 APARTMENT FOR SALE BOTANIC GARDEN VICINITY! Freehold. 6+1+1 rms. 3757 sf. $1xxx psf. Pool/ tennis/ gym. Must Sell! Chandran 9487 0396 D10 APARTMENT FOR SALE ORANGE GROVE RESIDENCE 2-sty Penthouse 3671 sf. 4+1+1. Balcony. Near Shangri-La Hotel. $7.8M. Tenanted. Serious
      129 words
    • 117 22 D11 21 APARTMENT FOR SALE MOUNT ROSIE GARDEN Rare unit! 4+1 2960 sf. Lovely Duplex. Greenery. Quiet. Tenanted $4.xM. Victor 8121 7747 D12 APARTMENT FOR SALE EIGHT RIVERSUITES 1-4 Bedroom, Strata Houses, Penthouses. 2nd Phase release! MRT. 99 years. $9xx psf up. View: www.johnokb.com D14 APARTMENT FOR SALE WATERBANK DAKOTA
      117 words
    • 139 22 D16 APARTMENT FOR SALE AQUARIUS BY THE PARK Aquarius By The Park. 2 bdrm balcony. 893 sqft. High floor. Branded fittings. No noon sun. Jason Goh *****250 D16 APARTMENT FOR SALE BREEZE BY THE EAST Breeze by the East, FH. Penthouse. 2045 sf, 3rms. Windy. Beautiful. Quiet. Pte Jacuzzi. Unblocked
      139 words
    • 143 22 D19 APARTMENT FOR SALE CHILTERN PARK 3+1. 1572 sf with junior ensuite. A beautiful cosy home for a good family. Sham 9178-3639 D19 APARTMENT FOR SALE JADE RESIDENCES Irresistible Sale! 33% Discount! Final release! Freehold. 450m to MRT/ Nex/ good school. $11xx psf onwards. Foreigners eligible. Call 6610-0006 D20 APARTMENT
      143 words
    • 139 22 D20 APARTMENT FOR SALE BISHAN STREET 15 New Listing!!! Development next to Sky Habitat. 1-bdrm from $6xxK, 2-bdrm from $8xxK, 3-bdrm from $1.5m. Margaret 9150 3379 D20 APARTMENT FOR SALE CENTRO RESIDENCES AMK Central. 2 bedrms. 764 sqft. High flr. #xx-06 Very Nice view! Best unit! Call Owner 8488 6000
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  • Page 23 Advertisements
    • 252 23 D22 APARTMENT FOR SALE PARC VISTA 2-bdrms 1055 sqft, 3 mins to Lakeside MRT, new airconditioner/ heater, vacant possession, $1.Xmil. Jen Lim 9090 8700 D23 APARTMENT FOR SALE CENTRIS 3+1, (Jurong Pt) 1066 sqft, reno, unblocked. Near MRT. Great location! $1.45M neg. Serious seller. Call Peter Tan 9023 3095 D23
      252 words
    • 257 23 D28 HOUSE FOR RENT D’KENARIS Semi-D. 5 bedrms Partial furnished, unblocked view. Available Immediate. Asking $6.1k. Pls Call Stanley Lee 9299 8000 D28 HOUSE FOR RENT JALAN REDOP VICINITY D’Kenaris Cluster Semi-D with pool 2 carparks. 5 bdrms 6 toilets. 3240 sqft. Immediate. Call Owner 8282 6296 D28 HOUSE FOR
      257 words
    • 229 23 D09 APARTMENT FOR RENT VISIONCREST 2-bedroom. 950 sqft. F/furn/ renovated. MRT/ Clarke Quay/ shpg belt. Immed. Cicilia 9636 6169 D11 21 APARTMENT FOR RENT THE SENTINEL The Sentinel 3-bedrooms, 1162 sqft. Near Novena MRT. Modern design. Call Julian 9177 8312 View: www.sgpd.info/ar/28 D15 APARTMENT FOR RENT MIA PLACE Miaplace 3
      229 words
    • 257 23 D07 OFFICE FOR SALE THE ADELPHI 999 years. Near City Hall MRT. Good facing (face Funan/ Church), High ceiling, Regular layout. Vacant. For more details, Call Joe 9278 8188 CBA D07 SHOP FOR SALE BUSSORAH Rare!! Full commercial 2 storey conservation shophse Bussorah. 1550 sqft. Bugis MRT. Sherry 9735 3597
      257 words
    • 269 23 D25 FACTORY FOR SALE PRIMZ BIZHUB No GST. Primz Bizhub at Woodlands. 968 sqft. 60 years. Walk to Admiralty MRT. Next to lift. $5xxK. TOP 2015. D26 FACTORY FOR SALE TAGORE LANE Closing soon! FH. 4 sty, B1 fty Tagore Lane w/ mezzanine 7600/*****sf up, ceiling hgt. Corp image, $15M
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  • Page 24 Advertisements
    • 47 24 +>+{</={+}`}%%:%&\,:[{@*?&;:-"' D19 FACTORY FOR RENT KAKI BUKIT TOP! Kaki Bukit B2 1600-8000 sqft. 6m direct entry. Workshop, Engineering, etc. $2.30 psf up. Vodka 9777 6908 D28 FACTORY FOR RENT WOODLANDS ROAD Yew Tee Industrial Estate. Workshop Approx 1100 sqft. With upstair office. Immediate. Call Junette 8686 5882 (Huttons)
      47 words
    • 62 24 FOREIGN PROPERTY FOR SALE ISKANDAR PUTRI SILC IN MALAYSIA Iskandar Putri SILC, Nusajaya, $1xxPSF Freehold 3-Storey shop, 24’ frontage. 5014 sqft. Geylang Patah bus terminal 6% g’teed Call Tan 9093 3158 FOREIGN PROPERTY FOR SALE JEWEL OF BANGKOK IN THAILAND $2xxK FH Condo. Walk to Central world/ Siam Paragon/ BTS
      62 words
    • 57 24 FOREIGN PROPERTY FOR SALE OFFICE IN MALAYSIA Limited units with 15% Dist. 3 Towers, Suite@KL. FH. 5 mins fr KLCC, from RM800psf surrounding project RM1000psf above. Mar 9004 0944 FOREIGN PROPERTY FOR SALE OFFICE IN MALAYSIA Loan rejected units re-open RM1000++psf. MBMR Tower@Mid Valley KL. FH, grade A office suites,
      57 words
    • 60 24 FOREIGN PROPERTY FOR SALE PRINCEVIEW IN PHILIPPINES In the Heart of Manila. New Launch fr S$11xK only!! Luxurious yet Affordable! Also Monarch Parksuites Manila Bay. Mins to CBD Entertainment City! FOREIGN PROPERTY FOR SALE TEMPAT BERUANG IN INDONESIA Boutique Villa in Batam by Dutch owners. Tranquil views to Golf course.
      60 words
    • 85 24 FOREIGN PROPERTY FOR SALE THE MERIDIN IN MALAYSIA New Launches Opp Legoland The Meridin Medini/ M City K. L. Jalan Ampang/ The Loft Penang/ UK Vita and Providence Tower FOREIGN PROPERTY FOR SALE MAKATI IN PHILIPPINES Corporate offices CBD. 1000-20,000sf. Grade A, central BGC. Suits HQ, MNC, service office, business
      85 words

  • AVIATION/SHIPPING
    • 599 25  -  He cites tremendous progress in efforts to get approval from the Indian govt By NISHA RAMCHANDANI By nishar@sph.com.sg AIRASIA India has made “tremendous progress” in its efforts to secure approval to start operations in the populous nation, and the budget carrier could be up
      PHOTO: AFP  -  599 words
    • 468 25 WP [WASHINGTON] FedEx Corp deepened cuts in air capacity to Asia and moved more packages to cheaper shipping modes, combating a customer shift away from expensive delivery options and boosting quarterly profit that beat estimates. The world’s largest cargo airline said on Wednesday it
      – WP  -  468 words
    • 206 25 Bloomberg [LONDON] US shipyards are the busiest in almost two decades as surging domestic energy production increases cargoes for the merchant fleet, according to the Department of Transportation. Fifteen tanker and container ships are on order or under construction in the US, with options
      Bloomberg  -  206 words
    • 464 25 Bloomberg [FRANKFURT] Deutsche Lufthansa has ordered 59 wide-body aircraft from Boeing Co and Airbus, splitting the purchase valued at US$19 billion as the German carrier phases out ageing long-distance aircraft. The purchase, Lufthansa’s biggest to date, is for 34 Boeing 777-9X aircraft and
      Bloomberg  -  464 words
  • Page 25 Advertisements
    • 42 25 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY SINGAPORE INTERNATIONAL DEEPAVALI SHOPPING FESTIVAL KICKS OFF AT EXPO TRANSWORLD SINGAPORE CEO: tabla! IS MY FIRST READ EVERY FRIDAY GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      42 words
    • 60 25 Undecided between fixed or floating rates for your housing loan? Determine which one's better for you from the Financial Guide" section of STProperty.sg Awarded Best In Mobile Media (Gold) for Asian Digital Medic Awards 2012 product of SPH. Singapore's trusted media group f STProperty.SG Avail Google play App Store STPropertySG
      60 words
    • 898 25 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TUNBRIDGE PTE LTD (Registration No. *****7048C) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened and held at Block 552
      898 words

  • 2460 26 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
    2,460 words
  • Page 26 Advertisements
    • 43 26 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 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words

  • Page 27 Advertisements
    • 156 27 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Spotlig Award htl Wins:&
      156 words
    • 18 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words

  • SINGAPORE STOCKS
    • 3280 28 Transaction date: Sep 19 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.9 8Telecom Vol Day Last Quote Div Gr Yld Net 188 106 AIMSAMPIReit High Low Code Company
      3,280 words
    • 247 29 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 2500 1.5 1.5 1.5 1.6 23.8 Last Quote Div Gr Yld Net M Cap High
      247 words
    • 11061 29 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 American Opp EM Local Ccy Bond China Opportunities 7 9279/ FM local Ccy Bond 0 9?0?/ Furopean
      11,061 words
    • 262 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 59 27 AVJennings A57.5 unch 2 57.5 57.5 55 59 3.6 6.1 4.7 212.9 52 31 Genting HK US$ US41.5 +1 5154 42 41 41.5 42 2732.6
      262 words
    • 964 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 116 +3 64 116 116 113 116 529.5 143 125 CIMB APAC Div 100S$D 135xd 130.8 131.7 114.4 99.2 CIMB
      964 words


  • FINANCE & COMMODITIES
    • 614 30 Sep 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.40 *****.18 *****.79 Dec13 *****.00 *****.00 *****.00 *****.00 *****9 *****6 Mar14 *****.00 *****.00 *****.00 *****.00 3 116 MSCI TAIWAN INDEX FUTURES SPOT 291.97 292.60 289.92 Sep13 289.90 291.30 289.30 ***** *****8 Oct13 289.60 290.40
      614 words
    • 373 30 In local curr In S$ In US$ dy yr dy yr dy yr Sep 18 Index Change Change Change Change Change Change World Preliminary 1105.8 0.1 17.9 0.0 19.3 0.1 15.7 EAFE Preliminary 908.2 0.4 17.3 0.5 16.3 0.6 12.8 Europe Preliminary 1295.2 0.3 12.9
      373 words
    • 471 30 Sep 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.970 5.823 0.702 7.376 58.849 107.325 0.940 10.192 3.003 1.130 100.528 40.956 1.183 9.153 0.866 28.033 29.451 0.590 0.951 Canada 1.031 6.004
      471 words
    • 53 30 Sep 19 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 6 mths 12 mths 9 mths
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    • 156 30 Sep 19 Sep Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1827 1.1842 0.9510 0.9515 Canadian dollar 1.2196 1.2209 0.9810 0.9807 Euro 1.6850 1.6867 1.3549 1.3552 NZ dollar 1.0462 1.0475 0.8413 0.8416 Sterling pound 2.0064 2.0085 1.6134
      156 words
    • 122 30 As at 9am Sep 19 Sep Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.211 1.154 Can dollar 1.241 1.194 Euro 1.723 1.641 Sterling pound 2.049 1.971 NZ dollar 1.063 1.023 US dollar 1.272 1.212 Local dollars to 100 units of
      122 words
    • 161 30 Sep 19 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.20 0.10 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
      161 words
    • 1201 30 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 39 2 2716 0.0 5 -89 58 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Disc Ascendas REIT.ES.1309 GearAscendas Reit MB ECW*****3 3.2 0.2 240 6 Asiatravel.com
      1,201 words
    • 109 30 Sep 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1347.75 1342.50 1350.00 1335.00 Jan 14 1350.25 1343.00 1352.00 1335.75 Mar 14 1332.50 1325.00 1334.75 1319.25 May 14 1307.75 1299.00 1310.50 1293.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 13
      109 words
    • 95 30 Sep 18 COCOA (£/tonne) Close Prev High Low Dec 13 1712 1705 1717 1702 Mar 14 1686 1682 1693 1677 May 14 1677 1676 1686 1670 Jul 14 1672 1671 1678 1665 COFFEE(US$/tonne) Close Prev High Low Sep 13 1650 1656 1657 1653 Nov 13 1680 1681 1691 1669
      95 words
    • 70 30 CRUDE OIL PRODUCTS Sep 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.00 0.48 WTI (Near Mth) 108.26 2.98 Dubai (1-Mth F) 104.67 -1.25 Tapis blend 117.03 -1.60 Minas 108.83 -1.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.33 -1.56 Jet Kerosene 121.82 -1.62 US$/barrel OpecOil Basket
      70 words
    • 22 30 Sep 19 S$ Bid Offer 1-month 1.2435 1.2446 2-months 1.2435 1.2445 3-months 1.2434 1.2444 6-months 1.2430 1.2441 Source: OCBC
      22 words
    • 65 30 Sep-18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1738.00 1730.75 3 months 1785.00 1777.50 Copper, Grade A(US$/tonne) Cash 7157.25 7047.25 3 months 7184.00 7075.00 Lead(US$/tonne) Cash 2044.25 2016.00 3 months 2071.00 2042.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
      65 words
    • 90 30 Sep 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****F 21-Mar-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.99 5-Year N*****0T 0.5 01-Apr-18 98.74
      90 words
    • 142 30 Sep 19 GOLD(US$/oz) Sep 18 Sep 19 Hong Kong 1312.00 1375.00 Sep 17 Sep 18 London 1310.91 1298.71 1311.86 1299.48 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Sep 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123 54 5gm 348 272
      142 words
    • 57 30 Sep 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 13 2309.0 2329.0 2329.0 2306.0 916 9090 Nov 13 2326.0 2323.0 2330.0 2299.0 4598 ***** Dec 13 2328.0 2322.0 2330.0 2296.0 ***** ***** Jan 14 2332.0 2326.0
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  • executive lifestyle
    • 1644 31  -  3D printing is fast becoming commonplace, with some studios even offering customers their own 3D figurines, reportsTAY TAY SUAN CHIANG taysc@sph.com.sg TECHNOLOGY never ceases to amaze. There is now a solution for busy folks who have always wished they could clone themselves or be in more than
      PHOTO: CLEMENT ZHENG  -  1,644 words
    • CINEMA/EVENTS
      • 584 32  -  Prisoners presents some very unpleasant truths, saysGEOFFREY GEOFFREY EU APERMANENTsense of dread runs through the heart of Prisoners, a wrenching crime drama about child kidnappings in a small Pennsylvania town and the dark, desperate lengths parents will go to in order
        PHOTO: AP  -  584 words
      • 474 32  -  By RACHEL LOI rachloi@sph.com.sg HBO pays tribute to a piece of local history with its latest series, Serangoon Road. It’s a big production for HBO, one that easily joins the ranks of Game of Thrones, The Sopranos, True Blood, Boardwalk Empire and Sex and the City
        474 words
      • 690 32  -  >F1 Race Parties Compiled by DEBBIE YONG Amber Lounge: The ultra-exclusive Amber Lounge celebrates its 10th anniversary this year, and to kick off the revelry, top local designer Frederick Lee will be showcasing his latest all-black couture collection in a dramatic Daniel Boey-choreographed show tomorrow night. Afterwards,
        690 words
      • 548 32  -  By DYLAN TAN dylantan@sph.com.sg WE’RE A Nice Normal Family appears to be suffering from some sort of identity crisis. The black comedy, about a mobster’s family that’s on a witness protection programme, feels European not only because it’s set mostly in Normandy but French
        PHOTO: AP  -  548 words
    • ARTS
      • 932 33 Arts Fission’s The Locust Wrath is on climate change based on scientific data, reports CHEAH UI-HOON uihoon@sph.com.sg MENTION a site-specific dance whether it be on a rooftop or in a garden or a retail space and Arts Fission comes to mind. The contemporary dance company has been
        932 words
      • 364 33  -  By CHEAH UI-HOON By uihoon@sph.com.sg IMAGINE a play that caused the audience to riot and get into fist-fights on its opening night. But in the dramatic world of theatre, even a riot wouldn’t be enough to immortalise the play if it wasn’t a true
        364 words
      • 1138 34  -  You will only know in 20 to 40 years’ time if the artwork you bought has any value, art expert Henry Lydiate tells HELMI YUSOF helmi@sph.com.sg MUCH of contemporary art being bought right now may turn out not to have any value in the long
        PHOTO: AFP  -  1,138 words
      • 489 34  -  By HELMI YUSOF helmi@sph.com.sg THERE was already a hint of the subversive in its ungrammatical title LIFT: Love Is Flower The. But who would have thought the play would turn out to be so intentionally anarchic and deranged that the overriding emotion it induced
        489 words
      • 544 34  -  By HELMI YUSOF helmi@sph.com.sg IF you’re not driving or taking a cab, then the trudge up Fort Canning Hill to get to Fort Canning Centre can test your patience not to mention your sweat glands. But any embarrassment from arriving breathless and in a
        544 words
      • 375 34  -  By HELMI YUSOF helmi@sph.com.sg FOR the Formula One (F1) season, the pavement on Orchard Road from Ion Orchard to Forum The Shopping Mall has been dotted with 11 elegant sculptures by artist Richard Texier. The 58-year-old has a distinct flair for imbuing
        375 words
    • MUSIC
      • 640 35  -  Session drummer Steve Gadd has backed many a big name but will soon perform here with his own band, reports DYLAN TAN DYLAN TAN dylantan@sph.com.sg STEVE Gadd’s name might not immediately ring a bell to many people but chances are you have heard
        640 words
      • 481 35  -  By NATALIE KOH AT first glance, Voices A Festival of Song, the Esplanade’s latest addition to the string of arts festivals under its belt, may seem just like another choral festival. You get pretty standard performances: a concert by the Grammy Award-winning
        481 words
    • WINE/ARTS
      • 823 36  -  French and Austrian vintners blame weather for poor crops while Greece, Spain and Italy see good yields, reports LESLIE GEVIRTZ LESLIE GEVIRTZ Reuters [NEW YORK] MANY of Europe’s grape growers have been hit by hail, windstorms, heavy rains, cold and clouds
        Reuters; PHOTO: REUTERS  -  823 words
      • Around Town
        • Article, Illustration
          159 36 Innocents: Catch local filmmaker Wong Chen-Hsi’s debut feature film, Innocents (below), at The Arts House next week. It tells the coming-of-age story of a young girl, Syafiqah, who befriends Huat, a misunderstood boy, and how they find refuge in their friendship an escape from their problematic family life. So
          159 words
        • 143 36 The Hour Glass Pop-Up store: Luxury watch retailer The Hour Glass is running a pop-up store at Paragon Shopping Mall themed Super Machines and Horological Heroes, and it coincides with the Singapore Formula One Grand Prix Race. There will be over 21 new watches on display, with seven limited
          143 words
        • 146 36  -  Compiled by RACHEL LOI Hairspray the Musical: Tony award-winning musical Hairspray is here in South-east Asia for the first time, with a limited number of shows starting next week at the Esplanade Theatre. The musical is based on the 1988 John Waters film of the same name and first
          146 words

  • Page 32 Miscellaneous
    • 317 32 CRYPTIC CROSSWORD Across 1 Miss flying west in Romania, crashing (8) 9 One giving financial support to London arts centre gets decoration (8) 10 Top performer sings with backing (4) 11 Boiler getting detached makes a mess (6,2,4) 13 Royal person included in newspapers (8) 15 Better ventilated zone by
      317 words

  • Page 33 Advertisements
    • 29 33 GALERIE BARTOUX SINGAPORE Fernando BOTERO Latrapéziste-Oiloncanvas #01-12A/13, ION Orchard, Singapore *****1, T: +65 6634 8806 SINGAPORE PARIS CANNES HONFLEUR SAINT PAUL DE VENCE POMMARD COURCHEVEL MEGEVE NEW YORK www.galeries-bartoux.com
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  • Page 35 Advertisements
    • 139 35 Creating wealth. Preserving wealth for future generations. Do you have the time to focus on both? At UBS, we work with some of the most ambitious clients in the world. They're interested in building wealth, and passing it on to their family. That's why our advisors are experienced in helping
      139 words

  • Page 36 Advertisements
    • 82 36 Deutsche Bank db.com Only a strong bank can set the stage for our clients' success. 'pASSiCrvy-'fvr PevfoYny, > i m pa iT ill! p imiSM t h it n —r- s~--'5 -T' 7 -i > This advertisement has been approved and/or communicated by Deutsche Bank AG and dppSars as a
      82 words