The Business Times, 30 September 2013

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, eptember 30, 2013
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  • 960 1  -  Not distracted by disturbance in the market, top analysts navigated through volatility By JASMINE NG jasng@sph.com.sg [SINGAPORE] One guy sneezes, and someone else catches a cold. Decoupling is no longer a buzzword, as events around the world over the past few years
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,210.18 -27.35 KL COMP 1,776.16 -25.67 NIKKEI 225 14,760.07 +17.65 HANG SENG 23,207.04 -295.47 SET INDEX 1,417.49 -69.27 JAKARTA COMP 4,423.72 -160.11 MANILA COMP 6,379.81 -44.64 SEOUL COMP 2,011.80 +6.22 SHENZHEN B 826.03 -3.14 MUMBAI IND 19,727.27 -536.44 DOW 15,258.24 -192.85 NASDAQ 3,781.59 +6.86 S&P
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    • 21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.355 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.608 2.019 EURO (US$/S$/E) 1.350 1.695 Foreign currency per US$ S$ YEN 98.60 78.50 RM 3.230 2.572 HK$ 7.754 6.176 BAHT 31.28 24.91 RUPIAH 11,538 9,189 RENMINBI 6.120 4.875 INDIAN RUPEE 61.99 49.37 A$ 1.071 0.853 NZ$ 1.206 0.960
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  • 843 1  -  Analysts differ in their assessments, with some sounding a note of caution By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] The recent surge by the Singapore dollar following the US Federal Reserve’s non-taper move on its quantitative easing has sparked a debate among
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  • Page 1 Advertisements
    • 241 1 VIEWS FROM THE TOP Making F1 Singapore even better PAGES 14-15 BT WINE CHALLENGE Rousing finish to inaugural event PAGE 2 CUSTOMER SATISFACTION INDEX Rating transport services and education PAGES 11-13 DINING OUT Thai outings throw up a mixed bag PAGE 23 BT WEBSITES For breaking news, go to businesstimes.com.sg.
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  • TOP STORIES
    • 333 2 Tuning out the noise to hit the bullseye THE 10 best analysts in Singapore remained focused on the fundamentals of the companies they covered and did not allow themselves to be distracted by the “noise” generated by bouts of economic volatility. This helped them beat their peers in
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    • 780 2  -  Fed officials’ divergent views of timing of tapering put focus on data WALL STREET INSIGHT By ROB CURRAN LAST week, the budget crisis pushed US stocks down despite robust economic data, something that could be repeated this week. Longer term, the outlook remains bright,
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    • 984 2  -  Ten CEOs’ Choice wines unveiled after 8 weeks of tastings By JUNE LEE [SINGAPORE] Fine wine distributors and more than 200 top executives toasted the conclusion of the inaugural BT Wine Challenge 2013 CEOs’ Choice in partnership with UBS on Friday night.
      PHOTO: YEN MENG JIIN  -  984 words
    • 921 4 It voted to delay the healthcare law by a year and repeal a tax that pays for it NYT [WASHINGTON] The federal government yesterday morning barrelled towards its first shutdown in 17 years after the Republi-can-run House, choosing a hard line, voted to
      NYT  -  921 words
    • 841 4  -  Over 80% refinance from HDB, or are first-time customers By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Thousands of HDB homeowners are turning to DBS Bank for a mortgage product that guarantees savings. Those who took up a POSB HDB loan when
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  • Page 2 Advertisements
    • 101 2 f* '911 h Tsinghua University hVf k-7mmtr''m *****3902? EB a: (»WM: 20I4 14)J- 2<)I5J| 5I1) -g* 11| t+ 2, £*h-&*»PIC BONUS $15,000 ft®*?. m -mat, mulaa, litV) 1 i?^to; #14, ®t&. ft^«TOfs-#wfc»ik:fcftfniM®s MscA, m*®A, i.i* ir#s». *«nm iSi >lkA» pWhffl^ ti2 t3 6(5 lie; ii§ #iwwrt ik#» EL—. T*J,9 ,t?>
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  • Page 3 Advertisements
    • 55 3 a '■■'SI "-,r IP 7 34 '■yv/ u, /W o '2 n' i ,Y> ~V* T •3 i<4 CO-AXiAL CHRONOMETER f r f 4 4\ ;f SVv/ss MAD^ r'jt Jl. #Ti ‘wr.'JLSKifc "I I .'"WW O OMEGA Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City 6338 3676
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  • Page 4 Advertisements
    • 83 4 V Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and
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  • Page 5 Advertisements
    • 78 5 We expect airports to offer limited choices. Until we experience one that serves up a sumptuous selection. Indulge in a gastronomic adventure at Changi Airport. With over 120 food and beverage outlets to choose from, you'll look forward to every meal at the airport. Rethink travel at changiairport.com f! A
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  • COMPANY NEWS
    • 699 6  -  CLSA award-winning analysts say that is key to picking stocks, not numbers STARMINE AWARDS Reports by JASMINE NG jasng@sph.com.sg WHEN it comes to choosing what shares to buy, the answers are not always found in companies' financial statements or in industry reports. The answers
      PHOTO: YEN MENG JIIN  -  699 words
    • 447 6 ANALYSTS have to make certain assumptions about the future to come up with target prices, and these assumptions could change depending on industry outlook and market conditions. Hence, investors should not see target prices as the be all and end all. “I think
      PHOTO: YEN MENG JIIN  -  447 words
    • 547 6 WHILE he might strike most people as a reserved person, Nomura’s research analyst Sai Min Chow thinks interacting with people may be the single most important thing an analyst should do. “I used to think if you are very good with numbers, you're sceptical,
      PHOTO: ARTHUR LEE  -  547 words
    • 371 6 THE years teach much which the days never know. This is especially true for equity analysts, where experience covering a sector can help one to make more accurate forecasts, said DBS Vickers’ vice-president Tan Ai Teng. Ms Tan, who has been
      PHOTO: YEN MENG JIIN  -  371 words
    • 419 6 BEING open-minded might be the best trait that an analyst can possess, Jason Saw, an analyst at OSK/DMG Partners, said. “A good company can be a bad stock, and a bad stock can be a good company. They don’t correlate,” he told BT. “So an analyst
      PHOTO: YEN MENG JIIN  -  419 words
    • 251 9  -  Norwegian telco pays SPH Interactive S$16.9m cash for its shares in 701 Search By GRACE LEONG gleong@sph.com TELENOR ASA, Norway’s leading telecommunications operator, is buying a one-third stake in Singapore Press Holdings’joint-venture media company 701Search. The purchaser, through its unit Telenor Communications II
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    • 1761 9  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd SELLING among directors rebounded last week while buying fell, according to Singapore Exchange filings. A total of 11 companies recorded 24 purchases worth $4.6 million versus 8 firms with 14 disposals
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  • Page 7 Advertisements
    • 1707 7 ADVERTORIAL x *5 T me to choose w A quality \4 1 A u A </ 3 wi S r A For few tens of dollars you can get a watch that keeps very accurate time. Pay only two dollars, if you know where to look. So it boggles the
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  • SINGAPORE MARKETS
    • 677 8  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent INVESTORS all over the world worry over issues of US government insolvency and liquidity. Just yesterday morning, the US federal government moved towards its first shutdown in 17 years after the Re-publican-run House, choosing a hard line,
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    • 466 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies fell last week, led by Indonesia’s rupiah and Malaysia’s ringgit, as concern that US lawmakers will be unable to resolve a budget impasse deterred risk-taking. The rupiah touched the weakest level since April 2009 on
      Bloomberg  -  466 words
    • 1494 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 4 9.85 15.23 1.80 1.50 Amtek Engineering Ltd 3.50 3.50 2 0.05 7.61 0.50 0.47 ARA Asset Management Ltd 2.50
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    • 4 8 WEEKLY
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    • 690 8 COMMODITIES AFP [LONDON] Global oil prices sank last week on receding tensions over Iran and Syria, while coffee struck another three-year low on the back of plentiful supplies, dealers said. Sentiment was also hit by the US budget impasse, with lawmakers unable to
      AFP  -  690 words
    • 73 8 Sep 27 VALUE CLOSE BT OB/OS 113.00 +94.00 BT CADI -*****.00 +7.00 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 797.49 +5.16 FTSE ST Small Cap 578.76 -0.05 FTSE ST All Share 793.74 +3.82 FTSE ST China Top 207.12 +1.86 FTSE ST China 234.83 +1.43 FTSE
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    • 52 8 VOLUME IPCO Intl 3,205,687,000 YHM 2,143,328,000 SingHaiyi 1,819,624,000 HanKore 1,297,671,000 Albedo 1,176,567,000 Metech Int 1,061,264,000 EMS Ener 891,471,000 AdvanceSCT 704,010,000 TopGlobal 625,358,000 Sunmoon 598,690,000 VALUE($) SingTel 311,198,849 Rowsley 248,961,380 DBS Grp 209,716,931 UOB 168,193,108 LionGold 167,705,420 Keppel Corp 164,192,784 Yangzijiang 157,214,751 Ezra 137,910,820 Blumont 133,714,010 IPCO Intl
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    • 114 8 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 1893.3 13.0 DBXT E50 10US$ 4790 474.6 8.6 Hyflux 6% CPS 10 ***** 59.0 0.5 DBXT S&P Short 10US$ 2854 56.5 1.6 DBXT FTVietnam 10US$ 2300 55.2 2.0 Blumont 243 45.5 23.0 IS ASIA BND 100S$D 1285 39.0 3.1 Lyxor EmergingMkts
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    • 123 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -406.8 -2.5 IS S&P500 ***** -401.8 -1.8 DBXT Nifty 10US$ 9668 -278.7 -2.2 JMH 5630 -213.4 -2.9 JSH 3472 -184.6 -4.1 DBXT MSKorea 10US$ 6116 -163.2 -2.1 Jardine C&C 3749 -161.0 -4.1 DBXT MSINDO 10us$ 1264 -148.1 -8.5 DBXT MSTHAI 10US$ 2048
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    • 5 8 WEEKLY
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  • Page 9 Advertisements
    • 202 9 Want to realise your money’s potential? SEIZE OPPORTUNITIES NOW m m m a UOB Personal Internet Banking’s suite of services lets you take control of your savings with greater ease. Buy sell gold Start transacting with the first local bank to let you buy and sell gold online. Invest in
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  • SINGAPORE NEWS
    • 960 10 Payment Ex Rec Pay Ann (cts) date date date date Amtek Engg ak 2.000 01-Nov 05-Nov 20-Nov 26-Aug ASL Marine ak 2.000 25-Oct 29-Oct 08-Nov 29-Aug Aspial Corp ay 1.500 19-Sep 23-Sep 05-Nov 14-Aug British and Mal ak 2.700 29-Oct 31-Oct 20-Nov 30-Aug China Merchants aw 2.750 18-Oct
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    • 681 10  -  Good response fuels hopes of pick-up in market sentiment By GRACE LEONG gleong@sph.com.sg CAPITALAND’S reversal of its former CEO’s stand against shoebox units appears to have paid off. The company, which is now led by Lim Ming Yan following the
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    • 277 10 COMPANY MEETING PLACE DATE TIME China Sky Chem E Mandarin Oriental S'pore 5 Raffles Avenue Marina Sq Oriental Ballroom 2 Lobby Lvl 30-Sep 10.00am GKE Corp A 30 Pioneer Road 30-Sep 10.00am E 30-Sep 11.00am Courts Asia Ltd E 50 Tampines North Drive 2 Courts Megastore Studio Rm
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    • 292 10 Sep 27 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50 BNP
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  • Page 10 Advertisements
    • 95 10 Making our mark on the offshore support industry A perfect blend of experience and passion. An acknowledged provider of integrated solutions in the offshore support services sector, Pacific Radiance has a fleet of over 125 vessels and operates across the globe. Our closely linked divisions offshore support services, subsea, marine
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • 1019 11  -  They may have yet to experience the intended improvements of recent public transport investments: ISES. reports TEH SHI NING tshining@sph.com.sg SINGAPORE’Spublic bus operators have been buying new buses and introducing n ew b us rou t es b u t commuters aren’t feeling the difference
      BT Graphics: Patricia P. Husada; Source: CSISG 2013, Transport & Logistics; Source: CSISG 2013; PHOTOS: FILE  -  1,019 words
    • 740 11  -  By KAN KWOK LEONG WHEN officers from Certis Cisco Security stop a vehicle for inspection, they are instructed to greet the passengers and address them as “sir” or “madam” before proceeding with their checks. And if they are ever asked for directions, they are advised
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    • 797 12  -  Budget carriers are gaining fast on premium airlines with services that foster greater customer loyalty. reports KAN KWOK LEONG WITH an expanding network of destinations, a menu of services to suit different budgets and high-quali-ty frontline service, low-cost carriers (LCCs) appear to be closing the gap with
      BT Graphics: Jonathan Goh; Source: CSISG 2013, Transport & Logistics; PHOTOS: BLOOMBERG  -  797 words
    • 778 12  -  By TEH SHI NING tshining@sph.com.sg CHANGI Airport, no stranger to accolades, can add another achievement to the 21 “best airport” and other awards it has bagged so far this year. Its latest Customer Satisfaction Index of Singapore (CSISG) score of 85.5 is the highest
      FILE PHOTO  -  778 words
    • 569 12  -  By TEH SHI NING tshining@sph.com.sg PRODUCTIVITY growth is an important objective for economies, but one that is abstract and harder to manage at the level of a company. To achieve productivity, firms must be able to cut through the “fog of organisational
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    • 793 13  -  While tertiary students shouldn’t be treated like customers, improving the way they are serviced can help improve learning outcomes. LEONGreports KAN KWOK LEONG BALLROOMdancingclasses, community outreach projects, experiments outside of classroom lessons these are some of the varied initiatives that Singapore’s tertiary institutions have launched
      FILE PHOTO; BT Graphics: Jonathan Goh; Source: CSISG 2013, Education  -  793 words
    • 660 13  -  By TEH SHI NING tshining@sph.com.sg ONLINE fashion site Zalora is building its own delivery fleet in each of the main South-east Asian cities it now has a presence in. That may seem coun-ter-intuitive but is a move that has lowered costs and secured the
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  • Page 13 Advertisements
    • 116 13 ISES CORPORATE MEMBERSHIP AN AFFILIATION TO SERVICE EXCELLENCE The ISES Corporate Membership Programme brings together a selected network of Singapore's leading companies measured in the CSISG National Study. Membership entitles your organisation the benefits of collaboration on the CSISG national study and survey design together with the Institute of Service
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  • VIEWS FROM THE TOP
    • 2369 14 THIS WEEK’S TOPIC: Was the 2013 Singapore Grand Prix an improvement over the previous years, and if so, in what ways? What can be done to make the event even better? Yuey Tan Director Havelock Speedway I DO believe that there was a big improvement
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  • Page 14 Advertisements
    • 177 14 will be tomorrow Come celebrate with us! The first 37 readers at any Délifrance outlet tomorrow (and each day this week up to Friday) will receive a complimentary fruit tart and a cup of hot coffee/tea or iced lemon tea. To redeem, just present a copy of The Business Times
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  • Page 15 Advertisements
    • 70 15 LI s <* Credit Suisse introduced NEC to Lenovo. Sparks flew. Credit Suisse X '<?J5E3 Credit Suisse’s ten year relationship with NEC developed from advice on corporate strategy to financing and portfolio management, culminating in the milestone merger with Lenovo. Already No.1 in their respective countries, their commitment to each
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 2304 16  -  Everybody interacts with the industry, which plays a key role in the country’s economy and capital markets, saysGEOFF GEOFF HOWIE The writer is SGX’s market strategist IT’S hard to spend any time in Singapore without noticing the nation’s love of food. The island’s diverse street food
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  • Page 16 Advertisements
    • 156 16 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA
    • 302 17 Investor group led by Alfredo Yao to buy Maybank ATR Kim Eng Fin Corp [KUALA LUMPUR] Maybank is selling its listed investment banking unit in the Philippines to a group of local investors led by businessman Alfredo M Yao, The Business Times in
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    • 428 17 Move will further strengthen Axiata’s position in Indonesia [KUALA LUMPUR] Axiata Group has made a “savvy” m o v e i n b u y i n g“ a s h or t t erm p a i n f or long-term gain”
      PHOTO: REUTERS  -  428 words
    • 297 17 Minister: Measures include GST, easier methods for tax payment such as e-filing JOHOR BARU: The Malaysian government will be taking various measures to reduce the country’s uncollected taxes, known as the “black economy”, from the current 30 per cent to 15
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    • 1418 17 VOL Sep 27 RM +/-(‘000) VOL Advance Synerg 0.14 0.01 122 Adventa Bhd 0.98 -0.05 394 Ae Multi Hldgs 0.22 0.01 416 Affin Holdings 4.31 0.02 118 Ahmad Zaki Res Airasia Bhd 2.60 0.04 4879 Alliance Finan 5.13 -0.03 746 Aluminium Co 0.68 unch 10 Amalgamated In 0.31
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  • Page 17 Advertisements
    • 270 17 FT Business School financial I Ranking 2012 WORLDWIDE FOR EXECUTIVE EDUCATION (open enrollment programs) L BUSINESS SCHOOL EXECUTIVE EDUCATION Equip your mind. Extend your vision. Embrace the future. Discover an innovative range of Executive Workshops offered at ESSEC Asia-Pacific Business Model Service Innovation Global Supply Chain Management Halal Business Health
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  • GREATER CHINA/INDIA
    • 739 18 Investors plough into listed companies expected to benefit from zone Bloomberg [SHANGHAI] Citigroup and Bank of China announced they would participate in Shanghai’s free trade zone (FTZ), the 28-square-kilo-metre experiment in more relaxed financial and investment controls that was inaugurated yesterday. The
      Bloomberg; PHOTO: REUTERS  -  739 words
    • 232 18 AP [BEIJING] A Chinese court yesterday sentenced a former banking official who amassed a real estate empire of at least 45 properties under multiple fake identities to three years in jail, state media reported. Gong Ai’ai was a former vice-president of a
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    • 465 18 AFP [MUMBAI] The death toll from the collapse of a residential block in Mumbai rose to 60 yesterday as rescuers ended their search with all the missing accounted for, officials said. The five-storey block in the city’s east, home to 22 families
      AFP  -  465 words
  • Page 18 Advertisements
    • 342 18 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 your
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  • WORLD
    • 629 19 Second phase, with government-backed mortgages, to start 3 months earlier Bloomberg [MANCHESTER] British Prime Minister David Cameron defied critics of his government’s “Help to Buy” programme to aid Britons frozen out of the property market by the need for high deposits, saying the second
      Bloomberg; PHOTO: REUTERS  -  629 words
    • 217 19 Company will rely on attrition and voluntary severance Reuters [MUNICH] Siemens is to shed 15,000 jobs over the next year as part of a 6 billion euro (S$10.2 billion) cost-cutting programme, a spokesman said yesterday. The announcement comes two months after the
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    • 497 21 He sees markets as having discounted the chaos among the country’s leaders Reu ters [ROME] Italy’s economy minister played down the risk that financial markets will punish Italy when they open today, after Silvio Berlusconi pulled his ministers out of the cabinet and provoked
      Reuters; PHOTO: AP  -  497 words
    • 354 21 Move will allow it to launch cyber attacks if necessary Bloomberg AFP [LONDON] The UK will spend hundreds of millions of pounds hiring hundreds of computer specialists to allow the nation to launch cyber attacks if necessary. “In response to the growing
      Bloomberg; AFP  -  354 words
    • 550 21 AFP [DHAKA] Bangladeshi garment factory owners promised yesterday to raise wages for more than three million workers as soon as a government panel sets a figure, ending a week-long violent protest. The manufacturers said they would raise wages by as much
      AFP  -  550 words
  • Page 19 Advertisements
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    • 109 19 Confidence to grow That’s what agricultural producers can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Farmers and ranchers around the world partner with us to help them manage every kind of risk. Crop prices, weather fluctuations, interest rate
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  • Page 20 Advertisements
    • 4357 20 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ALLIED ALLIED TECHNOLOGIES LIMITED (Company Registration Number *****4310E) (Incorporated in the Republic of Singapore) NOTICE OF EXPIRY OF WARRANTS ALLIED TECHNOLOGIES W*****2 TO: ALL HOLDERS OF W*****2 WARRANTS (THE “WARRANTS”) TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF ALLIED TECHNOLOGIES
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    • 334 20 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF WINBLISS INVESTMENT PTE LTD (Co. Reg. No.: *****7556M) (In Member’s Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 24 September 2013 the following resolutions were duly passed. Special resolution 1. That the
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  • Page 21 Advertisements
    • 150 21 Save on start-up costs Find over 100 small office units available for rent. Visit STProperty.sg now. Awarded Best In Mobile Media (Gold) for Asian Digital Media Awards 2012 product of SPH. Singapore's trusted media group f STProperty.SG S# STPropertySG At STProperty.sg, Available on the GET IT ON w AppStore coogiepiay
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    • 657 21 v NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices WBL CORPORATION LIMITED (Incorporated in Singapore) LOST STOCK CERTIFICATES Notice is hereby given that the following stock certificates have been reported lost:Notice is hereby given that new stock certificates will be issued and the original stock certificates will be deemed duly cancelled
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    • 138 21 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF NAVMAN WIRELESS SINGAPORE PTE LTD Reg. No. *****2652G (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN tha' pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
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  • AVIATION/SHIPPING
    • 411 22 It will supply engines for Vietnam Airlines’ 787s, Prime Minister announces Bloomberg [HANOI] General Electric Co will supply engines for Vietnam Airlines Corp’s fleet of 787 Dreamliners, winning the US$1 billion order over Rolls Royce Holdings Plc, Vietnam Prime Minister Nguyen Tan
      Bloomberg  -  411 words
    • 314 22 It demands Boeing fix the plane after repeated failures Reuters [OSLO] Budget airline Norwegian Air Shuttle is taking one of its brand new Dreamliners out of long-haul service and demanding that Boeing repair the plane after it suffered repeated breakdowns, the carrier said
      Reuters  -  314 words
    • 538 22 Airline’s move is to help cut waiting time at the airport Bloomberg [WASHINGTON] Delta Air Lines is paying for the auto-mated-passport machines that are coming to New York’s John F Kennedy International Airport in an effort to cut wait times that can reach
      Bloomberg; PHOTO: BLOOMBERG  -  538 words
    • 425 22 It is the second bulk carrier to navigate the Arctic route AP [TORONTO] A Dan-ish-owned coal-laden cargo ship has sailed through the North-west Passage for the first time and into the history books as the second bulk carrier to navigate the Arctic route. The
      AP  -  425 words
    • 205 22 Xinhua [BEIJING] Chinese airlines and airports have suffered more than 80 cases of false terrorist threats so far this year causing panic among the public, a court official said yesterday. Those involved in fabricating and deliberately spreading false terrorist threats will receive harsh punishments
      Xinhua  -  205 words
    • 2463 27 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
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  • Page 22 Advertisements
    • 579 22 NOTICE TO TRADE WINTER SEASON CHARGE Singapore to Kolkatta/Haldia and vice versa With effect from 1 November 2013, we will apply a Winter Season Charge (WSC) of USD 118.00 per TEU on all SOC shipments (laden) from Singapore to Kolkatta/ Haldia and vice versa. Date: 30 September 2013 SamuderaShippingLineLtd IN
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    • 337 22 VALUE GROWTH WORKSHOP WINNING THE STOCK MARKET GAME Pauline Teo Ken Chee annual average of 20% from his investments for 40 years, turning $9,800 to over 40 billion. The great Sir John Templeton, one of the greatest stock picker of all time, outperform and outbeat the market consistently for 5
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  • Page 22 Miscellaneous
    • 302 22 CRYPTIC CROSSWORD Across 1 Medicine man, not genuine article (6) 5 Thus delicate fabric provides comfort (6) 10 Antelope from Eastern country (5) 11 Boatyard worker? (9) 12 Provider of seats, bluer across length (7) 13 Heron is flying close to the coast (7) 14 Notice embassy’s entrance (9) 17
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  • DINING OUT
    • 1405 23  -  Only one out of three Thai experiences here hit the high notes, writes JAIME EE jaime@sph.com.sg NEW RESTAURANTS Nara Thai #B3-21, ION Orchard, 2 Orchard Turn, Tel: 6634-5787 Open daily: 11.30am to 10pm Royal Thai 60 Fairways Drive, Tel: 9235-9797 Open daily: 11am
      PHOTO: MOVENPICK; FILE PHOTOS  -  1,405 words
  • Page 23 Advertisements
    • 160 23 SAVOUR AUTHENTIC TURKISH CUISINE AT AQUAMARINE 1 TO 31 OCTOBER 2013 Enjoy authentic Turkish cuisine at halal-certified kitchens helmed by guest chefs from Turkey, in addition to the delectable International buffet spread at AquaMarine. Turkish mezzes, mains, and desserts are available for both lunch and dinner daily. Stand a chance
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  • SINGAPORE STOCKS
    • 3588 24 Week ended: Sep 27 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.9 8Telecom Vol Week Last Quote Div GrYld Net 188 106 AIMSAMPIReit High Low Company Sale 75 57 ASL Marine
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    • 311 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 2.4 1.3 t Advanced System 1.7 +0.2 *****7 1.9 1.5 1.6 1.7 27 Vol Week 7.2 6.1 6.3 6.4 50.2 Net M Cap
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    • 118 25 Stock name Close Change CapMallsAsia 1.985 +0.010 CapitaLand 3.170 +0.030 CapitaMall 1.985 -0.005 CityDev 10.330 -0.040 ComfortDelGro 1.955 +0.005 DBS Grp 16.530 +0.030 GLP 2.920 +0.040 Genting SP 1.465 Golden Agri 0.520 -0.005 HK Land 6.600 +0.030 Stock name Close Change HPH Trust US$ 0.790 JMH
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    • 2014 25 Transaction date: Sep 27 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 4.68 -0.04 ***** Anhui Conch Anhuiexpresswa 4.13 0.02 1016 Asia Satellite 28.80 -0.08 4 Asm Pacific unch Bank Of E Asia 33.25 unch 3169 Beida Jade Bir 0.62 unch 7839 Beijing Airpor 5.18 -0.06
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    • 251 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 31 Genting HK US$ US42.5 unch ***** 43 41.5 42 42.5 2798.4 Sale 280 191 TanChongInt HK274 +5 1128 280 268 273 278 4.3 2.6
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    • 186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 2 0 0 0 7 6 2 Manufacturing 86 71 38 20 6 12 106 77 50 Commerce 24 39 16 8 10 2 32 49 18 Tpt/Stor/Comms 20 17 7
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    • 1026 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 114.1 -1.9 41 115.5 112 115 115.5 520.8 143 125 CIMB APAC Div 100S$D 130.9 -4.1 5 130.9 130.9 130
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    • 123 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 242,111 242,111 298,273 298,273 Manufacturing 4,620,432 1,578,242 6,198,674 1,035,144 78,216 1,113,360 Commerce 2,577,974 2,036,573 4,614,547 372,615 148,116 520,731 Tpt/Stor/Comms 612,331 112,310 724,641 741,690 44,388 786,078 Finance 342,371 4,648 347,019 634,327 1,876 636,203 Construction 4,142,043 2,188,101
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  • Page 25 Advertisements
    • 26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 606 26 Sep 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.99 *****.50 *****.21 Dec13 *****.00 *****.00 *****.00 *****.00 *****7 *****8 Mar14 *****.00 153 193 MSCI TAIWAN INDEX FUTURES SPOT 288.60 291.24 288.60 Sep13 290.20 291.10 289.20 290.99 ***** ***** Oct13 289.70 290.80 288.80 289.90
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    • 373 26 In local curr In S$ In US$ dy yr dy yr dy yr Sep 27 Index Change Change Change Change Change Change World Preliminary 1105.2 -0.3 17.8 -0.1 19.4 -0.1 16.2 EAFE Preliminary 912.2 -0.3 17.8 0.2 17.6 0.2 14.5 Europe Preliminary 1292.3 -0.4 12.6
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    • 471 26 Sep 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.964 5.714 0.692 7.240 57.875 107.726 0.920 10.029 3.015 1.126 98.706 40.462 1.172 9.403 0.848 27.638 29.201 0.581 0.934 Canada 1.038 5.929
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    • 49 26 Sep 27 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 12 mths Source: Thomson Reuters
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    • 88 26 Sep 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****F 21-Mar-14 0.28 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.69 101.73 101.65 5-Year N*****0T 0.5 01-Apr-18 98 98.10 97.70
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    • 136 26 Sep 27 GOLD(US$/oz) Sep 26 Sep 27 Hong Kong 1339.00 1333.00 Sep 27 Sep 26 London 1339.29 1324.91 1340.25 1325.68 Source: Thomson Reuters CAST BAR Sep 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120 53 5gm 341 267 10gm 609 533
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    • 57 26 Sep 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 13 2318.0 2350.0 2350.0 2317.0 210 4283 Nov 13 2271.0 2316.0 2318.0 2268.0 5865 ***** Dec 13 2268.0 2310.0 2312.0 2266.0 ***** ***** Jan 14 2275.0 2312.0
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    • 155 26 Sep 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1721 1.1725 0.9336 0.9338 Canadian dollar 1.2161 1.2167 0.9690 0.9686 Euro 1.6943 1.6948 1.3495 1.3498 NZ dollar 1.0411 1.0413 0.8292 0.8293 Sterling pound 2.0182 2.0189 1.6075 1.6079
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    • 109 26 Sep 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1319.75 1316.75 1327.75 1311.50 Jan 14 1321.50 1318.75 1328.75 1313.75 Mar 14 1298.50 1298.00 1304.75 1294.00 May 14 1273.25 1275.25 1281.00 1272.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 13
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    • 95 26 Sep 27 COCOA (£/tonne) Close Prev High Low Dec 13 1711 1698 1712 1694 Mar 14 1687 1672 1690 1671 May 14 1674 1660 1677 1659 Jul 14 1664 1650 1665 1648 COFFEE(US$/tonne) Close Prev High Low Sep 13 1582 1634 1620 1620 Nov 13 1611 1663 1664 1596
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    • 1308 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 38 0.5 1101 0.0 5 -89 58 Asia-Pacific Strategic W*****6 0.4 -0.2 301 1 123 184 108.75 8 Ratio Exer Price Prem Ascendas Reit MB ECW*****3 3.2 0.2
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    • 70 26 CRUDE OIL PRODUCTS Sep 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.14 -0.55 WTI (Near Mth) 102.94 0.64 Dubai (1-Mth F) 105.21 -0.76 Tapis blend 116.85 -0.74 Minas 107.85 -0.74 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.42 -0.44 Jet Kerosene 121.39 -0.11 US$/barrel OpecOil Basket
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    • 22 26 Sep 27 S$ Bid Offer 1-month 1.2555 1.2556 2-months 1.2554 1.2555 3-months 1.2554 1.2555 6-months 1.2550 1.2551 Source: OCBC
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    • 65 26 Sep-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1794.25 1775.75 3 months 1840.00 1822.00 Copper, Grade A(US$/tonne) Cash 7286.00 7226.50 3 months 7300.00 7251.00 Lead(US$/tonne) Cash 2073.25 2069.00 3 months 2100.00 2097.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 121 26 As at 9am Sep 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.202 1.145 Can dollar 1.240 1.193 Euro 1.732 1.650 Sterling pound 2.051 1.973 NZ dollar 1.063 1.023 US dollar 1.281 1.220 Local dollars to 100 units of foreign
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    • 154 26 Sep 27 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
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  • Page 27 Advertisements
    • 43 27 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
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    • 18 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 28 Advertisements
    • 73 28 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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    • 18 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 29 Advertisements
    • 861 29 Is your IT infrastructure working for or against you? EGUARDIAN To thrive in today's technology-driven environment, businesses need to adapt to the rapid pace of technology change, manage massive volumes of data, and counter threats to information security. Responding to the increasing speed and uncertainty of change is one of
      861 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 866 30  -  $145m investment adds to $40m it’s invested over five years, reports ADELINE TAN NXP Semiconductors, which sees Singapore as an important pivot for its global business, will invest $145 million here to upgrade facilities. The Eindhoven, Netherlandsbased semiconductor giant will invest $125 million
      FILE PHOTO  -  866 words
    • 478 30  -  Firms must realise this to keep their contact centres relevant to consumers By KEVIN KWANG CONSUMERS have wrested control of when, where and how they want to communicate with brands through the rise of social media, and contact centres need to keep up in
      478 words
    • 941 30  - Now evolving on the Internet of Everything: healthcare It’s time for data to get connected <you say> By MARK BURBY The writer is Director for Healthcare at Cisco for Asia Pacific, Japan and China THE technology industry is always defined by what is coming next. Today, the next big thing
      941 words
    • 628 30  -  By KEVIN KWANG SMALL and medium-size businesses (SMBs) are increasingly open to cloud services, but admit they require the help of consulting and support service providers for the implementation and integration of such IT products. So while cloud service brokerages are emerging to
      628 words
    • 605 29  -  With this exercise, it will move from a tier-2 to a tier-3 data centre location By KEVIN KWANG MAYBANK Singapore will spend $55 million to revamp its data centre operations and, in doing so, move from a tier-2 to a tier-3 data centre
      605 words
    • 860 29  -  Managed mobility, M2M to drive its expansion in Asia-Pac, other regions By KEVIN KWANG VODAFONE Global Enterprise was founded in April 2007 to help enterprises with a global presence to consolidate and better manage their telecommunications costs under one service provider. Six years on, the
      860 words