The Business Times, 26 October 2013

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Microfilm: NL32850
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg OCTOBER 26-27, 2013 S$1 .00 MCI (P) O86/O8/2013 spi A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article
    Lock icon Calling scientists back home
    29 1 RESEARCH, INNOVATION A “Welcome Home” mat is being put out to lure overseas-based Singaporean research talents back here with research, fellowship and employment opportunities. 2
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  • Article
    Lock icon Big changes for workers
    23 1 NEXT NEW WORLD THE global technological revolution has profound implications for companies and workers, says author Thomas Friedman. 4
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  • Article
    Lock icon Consultants divided over URA data
    22 1 PROPERTY Property consultants have given mixed reactions to the Q3 private housing data released by URA. 6
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  • Article
    Lock icon 6% GST, property tax on foreigners
    32 1 MALAYSIA BUDGET MALAYSIAN Prime Minister Najib Razak yesterday unveiled a 2014 Budget designed to tame the fiscal deficit, shrinking current account surplus and growing debt.| 7
    32 words
  • Article, Illustration
    Lock icon Work, limber up at Mapletree Business City
    746 1  -  Developer will also get HPB involved in promoting healthy workplace lifestyle By Felda Chay feldac@sph.com.sg Singapore IT’S called the Mapletree Business City (MBC), but its 10,000-strong working community do more than just business. As early as 6.30am every weekday, fitness enthusiasts can start
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  • Article, Illustration
    Lock icon Manufacturing growth scales 19-month peak
    802 1  -  Q3 GDP growth may have exceeded the 5.1% flash estimate, say economists By Teh Shi Ning tshining@sph.com.sg Singapore INGAPORE’S industrial production for September outstripped even the most bullish of market forecasts to grow 9.3 per cent from a year ago, on the back of a
    Source: Economic Development Board  -  802 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,205.24 (-12.71) HSTI FUTURES 3,204.00 (-13.00) HSIMSCI 368.43 (-1.99) HSIMSCI FUTURES 368.60 (-2.40) Friday Change KL COMP 1,817.57 1.36 NIKKEI 225 14,088.19 -398.22 HANG SENG 22,698.34 -137.48 SET 1,454.88 -11.44 JAKARTA 4,580.85 -14.00 MANILA 6,539.81 -43.96 KOSPI 2,034.39 -12.30 SHENZHEN B 843.24 -2.88 MUMBAI IND 20,683.52 -41.91 12noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.791 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.55 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 US$ S$ US$ (S$ per US$) 1.236 (US$/S$ per 1.622 2.005 EURO(US$/S$/€ 1.382 1.708 Foreign currency per US$ S$ YEN 97.00 78.50 RM 3.148 2.546 HK$ 7.754 6.272 BAHT 31.11 25.17 RUPIAH 11,005 8,903 RENMINBI 6.083 4.921 INDIAN RUPEE 61.61 49.84 A$ 1.043 0.844 NZ$ 1.204 0.974
        48 words
    • Article
      Lock icon Govt woos overseas-based Singaporean researchers
      740 2  -  PM Lee unveils three programmes; returnees to get research, fellowship and job opportunities By Malminderjit Singh msingh@sph.com.sg Singapore A “Welcome Home” mat is being put out to woo overseas-based Singaporean research talents back here with research, fellowship and employment opportunities. The Research, Innovation and Enterprise
      740 words
    • Article, Illustration
      Lock icon Tech revolution spells big changes for workers
      784 4  -  High-wage job of the future will require high skills, says NYT columnist Friedman By Vikram Khanna vikram@sph.com.sg Singapore THE global technological revolution has evolved to a point where we live in a “hyperconnected” world that is also increasingly interdependent, according to The New
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  784 words
    • Article, Illustration
      Lock icon GuocoLand to have new CEO
      278 4  -  By Andrea Soh sandrea@sph.com.sg Singapore GUOCOLAND will have a new CEO by February next year. The property developer said yesterday that its current head honcho, Quek Chee Hoon, is retiring from the company after 15 years and will leave his post on Jan 31 next
      278 words
    • Article
      Lock icon Property players divided over URA’s Q3 data
      921 6  -  Some see weakness setting in, others say mass-market sentiment still strong By Kalpana Rashiwala kalpana@sph.com.sg Singapore PROPERTY consultants have given mixed reactions to the latest third-quarter private housing data released by the Urban Redevelopment Authority (URA). Pointing to indications of weakness setting in,
      921 words
    • Article
      Lock icon Q3 resale flat prices drop – first time in over 4 years
      791 6  - Q3 resale flat prices drop first time in over 4 years Analysts say recent property measures are taking their toll By Ong Chor Hao ongch@sph.com.sg Singapore AS a raft of property and credit measures continue to work their way through the property market, prices for resale Housing and Development Board
      791 words
    • Article, Illustration
      Lock icon Najib tackles fiscal deficit, unveils 6% GST
      738 7  -  Removal of sugar subsidies, property cooling measures are also announced MALAYSIA BUDGET BY S Jayasankaran btwor|d@sph.com.sg Kuala Lumpur MALAYSIAN Prime Minister Najib Razak yesterday unveiled a 2014 Budget designed to tame the country’s fiscal deficit, shrinking current account surplus and growing debt. The
      PHOTO: REUTERS  -  738 words
    • Article
      Lock icon Property to be costlier for foreigners
      528 7  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur COSTLIER homes are on the cards for foreigners under Malaysia’s Budget 2014, with stiffer taxes and a doubling of the minimum price of properties to RM1 million (S$391,000). Among some of the more severe measures expected to hit
      528 words
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      Lock icon Page 2 Advertisements Column 1
      97 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 From The Desk of 16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Dining L2-4 Shopping L5 Travel L6-7 Home Garden L8-9 Style L10-12 Health L13 Motoring L14-15 Golf
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      89 5 PERFECT Concert Grand LI CIIUREN, PIANIST FOR PRESIDENT’S YOUNG PERFORMERS CONCERT 2013 Singapore Symphony Orchestra mr > A HARMONY Devoted to perfection. (S) Takashimaya S.C. Shopping Centre ALFRED DUNHILL BERLUTI CARTIER CELINE CHANEL CHANEL WATCH AND FINE JEWELLERY CHLOfi CHOPARD CHRISTIAN DIOR CHRISTIAN LOUBOUTIN FENDI HUGO BOSS JO MALONE KIMROBINSON
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      120 7 Brought to you by Malabar Gold and Diamonds First Far East Outlet opened in Singapore ijtphj. V i' PHOTO FROM MALABAR GOLD DIAMONDS Malabar Gold and Diamonds, the world's third largest gold and diamond jewellery retailer, has opened its 102 nd store worldwide and 1 st in Far East in
      120 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Leveraging on social media
      2451 8 / 9  -  Recruiting firm Hays plc’s decision to harness technology is paying off, says its chief executive, Alistair Cox. By Anna Teo By Anna Teo anna@sph.com.sg ‘WHERE are the people I need? Cloud or Cluster?” In a recent blog post on the company’s website, Hays plc’s chief executive
      2,451 words
    • Article
      Lock icon Bullish over contract jobs
      459 8 / 9 CONTRACT jobs are on the rise worldwide, including in Singapore, says Hays plc. Hays’ Singapore office, which opened seven years ago, built up its business predominantly in the permanent market. “But in the last three years or so, we started to get more and more into
      459 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Penny stocks drop on news of investigation
      679 10  -  MAS and SGX to conduct review of activities leading to meteoric rise of Asiasons, Blumont and LionGold By Jasmine Ng jasng@sph.com.sg Singapore JUST as shares of Asiasons Capital, Blumont Group and LionGold Corp shares appeared to be clambering out of their doldrums, news
      Source: Bloomberg  -  679 words
    • Article
      Lock icon UOB proposes winding up of UIS
      508 10  -  By Michelle Quah michquah@sph.com.sg Singapore UNITED Overseas Bank (UOB) has proposed the winding up of its associate, United International Securities (UIS), to avoid more onerous responsibilities that will result from an impending new financial reporting standard (FRS). But the move, which will also give
      508 words
    • Article
      Lock icon SGX proposing new class of clearing members
      223 10  -  By Andrea Soh sandrea@sph.com.sg Singapore IN a bid to meet new US regulatory requirements, the Singapore Exchange is proposing a new remote membership class for the clearing of swaps for US customers. The new membership class will allow futures commission merchants registered with
      223 words
    • Article, Illustration
      Lock icon Ascott Reit posts DPU of 2.37¢ for Q3, up 6%
      559 11  -  Revenue up 11% due to contributions from 17 properties in China, Germany, Japan, S’pore By Mindy Tan tanmindy@sph.com.sg Singapore ASCOTT Residence Trust (Ascott Reit) recorded better-than-ex-pected results for the third quarter ended September, with distribution per unit (DPU) rising 6
      559 words
    • Article
      Lock icon Starhill Global Reit’s Q3 DPU rises 9%
      354 11  -  By Mindy Tan tanmindy@sph.com.sg Singapore STARHILL Global Reit (SGReit) posted distribution per unit (DPU) of 1.21 cents for the third quarter ended September, up 9 per cent from the previous year’s 1.11 cents. Income available for distribution was $27.1 million, up 9.7 per
      354 words
    • Article
      Lock icon Ascendas India Trust DPU for Q2 down 8%
      402 11  -  By Felda Chay feldac@sph.com.sg Singapore ASCENDAS India Trust (a-iTrust) posted an 8 per cent year-on-year fall in distribution per unit (DPU) in Singapore dollar terms for its fiscal second quarter as a result of an appreciation of the Singapore dollar against the
      402 words
    • Article, Illustration
      Lock icon When bad news is good
      444 12  -  STOCKS| Joyce Hooi joyceh@sph.com.sg Correspondent THE Straits Times Index (STI) eked out a 12.34-point gain over the week to finish at 3,205.24 yesterday. This was bolstered by a strong start to the week as penny stock activity returned and the market turned optimistic about the
      444 words
    • Article
      Lock icon StarHub customers get fire-fallout freebies too
      320 12  -  By Andrea Soh sandrea@sph.com.sg Singapore STARHUB yesterday also stepped up to offer compensation to its customers affected by service disruptions after a fire at SingTel’s Bukit Panjang Exchange, one week after SingTel did the same. In a statement released in the late evening, it
      320 words
    • Article
      Lock icon TOP GAINERS
      59 12 BY CENTS CLOSE UP Lyxor Indonesia10US$ 8473 196.5 1.9 GLD 10US$ ***** 107.5 0.7 JSH 3462 80.3 1.9 JMH 5516 70.4 1.0 DBXT Nifty 10US$ ***** 50.7 0.4 Lyxor ThaiSET 10US$ ***** 40.8 0.2 DBXT USDIGInfl 5US$ ***** 39.6 0.1 IS S&P500 ***** 30.9 0.1 UI Securities 139.5
      59 words
    • Article
      Lock icon TOP LOSERS
      68 12 BY CENTS CLOSEDOWN Hyflux 6% CPS 10 ***** -46.0 -0.4 Lyxor MS India 10US$ 1288 -45.7 -2.8 DBXT FTVietnam 10US$ 2398 -37.1 -1.2 Lyxor China H 10US$ 1362 -35.8 -2.1 DBXT MSAsExJp 10US$ 3411 -21.0 -0.5 DBXT CSI300 10US$ 743 -18.5 -2.0 DBS Bk 4.7% NCPS 100 *****
      68 words
    • Article
      Lock icon Pinnacle case: HLF fails to get back $32m
      567 12  -  By Grace Leong gleong@sph.com.sg Singapore HONG Leong Finance (HLF) has lost its bid to claw back from Morgan Stanley S$32 million in compensation paid out to Singapore investors of the doomed Pinnacle Notes. According to court papers obtained by The Business Times,
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    • Article
      Lock icon TOP 20 ACTIVES
      213 12 VOL CLOSE Innopac 192 704 4 0 4 9 1 YHM 130 ,1 80 6.4 0 0 0 0 Blumont 119 ,732 16.3 3 7 1 8 5 S I I C Env 100 ,480 13.1 1 2 1 0 1 HanKore 89 221 7.3 0 0
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    • Article
      Lock icon STI STOCKS
      111 12 Stock name Close Change CapMallsAsia 2.060 -0.010 CapitaLand 3.130 -0.030 CapitaMall 2.000 CityDev 10.45 -0.010 ComfortDelGro 1.915 +0.005 DBS Grp 16.60 -0.060 GLP 3.090 -0.040 Genting SP 1.495 -0.030 Golden Agri 0.555 +0.010 HK Land 6.150 -0.010 HPH Trust US$ 0.760 -0.005 JMH 55.16 +0.570 JSH 34.62 +0.650
      111 words
    • Article
      Lock icon Ezra posts 20% rise in Q4 earnings
      390 13  -  Subsea services division the star revenue contributor as annual sales breached US$1 b for the first time By Malminderjit Singh msingh@sph.com.sg Singapore SGX-LISTED Ezra Holdings yesterday reported a 20 per cent increase in net profit for the fourth quarter to US$10.04 million compared
      390 words
    • Article
      Lock icon Three local firms in Iskandar JV
      358 13  -  By Joyce Hooi joyceh@sph.com.sg Singapore THE units of three local firms Tat Hong Holdings, Boustead Singapore and CSC Holdings have set up a joint venture with AME Group to develop land in Iskandar Malaysia. Boustead will own 35 per cent of the joint-ven-ture firm,
      358 words
    • Article, Illustration
      Lock icon Wing Tai Q1 profit down 66%
      299 13  -  By Nisha Ramchandani nishar@sph.com.sg Singapore WING Tai Holdings reported a net profit of $24.5 million for the first quarter ended Sept 30, 2013, down 66 per cent. Revenue slid 10 per cent to $222.8 million. Earnings per share worked out to 3.12 cents, down
      FILE PHOTO  -  299 words
    • Article
      Lock icon First Reit’s DPU for Q3 up 16.7% at 1.96¢
      303 13  -  By Mindy Tan tanmindy@sph.com.sg Singapore FIRST Real Estate Investment Trust’s (First Reit) distribution per unit for the third quarter rose 16.7 per cent year-on-year to 1.96 cents from 1.68 cents a year ago. This was on the back of a 30.4
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  • SINGAPORE
    • Article
      Lock icon Manufacturers ranked 6th in management
      608 14  -  They come in 4th in people management in a study of 22 countries By Chuang Peck Ming peckming@sph.com.sg THE quality of management of manufacturing firms in Singapore is not far behind that of major developed countries such as the United States, Japan and Germany, a
      608 words
    • Article
      Lock icon URA Q3 data confirms pick-up in office leasing market
      737 14  -  By Kalpana Rashiwala kalpana@sph.com.sg LATEST figures from Urban Redevelopment Authority confirm the views of some industry players that the office leasing market has emerged out of a downturn. URA’s office rental index in the central region rose 0.8 per cent in
      737 words
    • Article, Illustration
      Lock icon A leading player in global timber trade
      942 15  -  The secret of Sudima’s resilience lies in its ability to adapt and grow despite challenging global economic conditions B)’ Lau Yu Jun Eugene, Li Yanlin, Wang Yi Xiang The writers are students of NUS Business School “GOOD timber does not grow with ease.
      PHOTO: YEN MENG JIIN  -  942 words
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      Lock icon Page 15 Advertisements Column 1
      128 15 THE BUSINESS TIMES SATURDAY SPECIAL 15% off this season's best turkeys and $30 worth of delights from LP+Tetsu 'A s t'M -y. Turkey with chestnut foie gras stuffing Mediterranean spices from MEDZS Turkey with Briyani rice and quail eggs stuffing exotic Asian spices from 1 Market (halal) Christmas Hotline: 6836
      128 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Learning and paying it forward
      1064 16  -  Philanthropy can be instilled in students during their most formative years to encourage them to give back to society FROM THE DESK OF Sunny Varkey Chairman, GEMS Education WE were not rich. At least not in monetary terms. My family comes from Kerala in southern
      1,064 words
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  • WORLD
    • Article, Illustration
      Lock icon Line app maker eyeing foreign listing
      599 17 The IPO either in Tokyo, New York or HK could value the Japan unit of Korean firm Naver at around US$1 0b Reuters Tokyo JAPAN’S Line Corp, creator of the fastgrowing social messaging app Line, may choose an overseas exchange for an expected initial
      Reuters; PHOTO: REUTERS  -  599 words
    • Article
      Lock icon Strong aircraft demand boosts Sept durable goods orders
      402 17 LATEST US DATA Bloomberg Washington ORDERS for US durable goods in September rose by the most in three months as stronger demand for commercial and military aircraft outweighed a drop in business equipment. Bookings for goods meant to last at least three
      Bloomberg  -  402 words
    • Briefing
      • Article
        Lock icon Japanese earnings under investor scrutiny
        91 17 AFP Tokyo Tokyo investors will turn their attention to Japanese corporate earnings next week as firms including Sony, Toyota and Nintendo announce their fiscal half-year results. A sharp decline in the yen since the start of the year has been boosting profitability among Japanese exporters,
        AFP  -  91 words
      • Article
        Lock icon Record Q3 earnings for Samsung Electronics
        81 17 Bloomberg Seoul Samsung Electronics, maker of smartwatches and eyeglasses that can take phone calls, posted record third-quarter earnings on surging prices for memory chips and sales of cheaper Galaxy smartphones in emerging markets. Net income, excluding minority interest, rose 25 per cent to 8.05
        Bloomberg  -  81 words
      • Article
        Lock icon Disney plans to open first China Disney Store in 2015
        99 17 Reuters Shanghai Walt Disney Co said that it plans to open its first China store in Shanghai, expected to be its largest ever, underscoring the need to cater to the nation’s growing middle class. The 53,000 square feet Disney Store,
        Reuters  -  99 words
      • Article
        Lock icon Chinese court rejects Bo appeal, upholds life sentence
        88 17 Reuters Jinan A court in eastern China rejected an appeal by ousted senior politician Bo Xilai yesterday and, as expected, upheld his life sentence on charges of bribery, corruption and abuse of power. It said that the evidence against him was clear.
        Reuters  -  88 words
    • Article, Illustration
      Lock icon Japan hails CPI as proof growth blitz is working
      641 19 Sept index hits 5-year high, but analysts warn consumer spending has yet to gain traction AFP Tokyo JAPAN yesterday hailed a key inflation indicator touching a five-year high as proof that its growth blitz, dubbed “Abenomics”, was winning the war on
      AFP; PHOTO: REUTERS  -  641 words
    • Article
      Lock icon Microsoft weathers slumping sales
      293 19 Bloomberg Seattle MICROSOFT is weathering slumping per-sonal-computer sales by focusing on Xboxes, business software and cloud services, as departing chief executive officer Steve Ballmer seeks to make the company less dependent on its Windows operating system. Microsoft reported fiscal first quarter sales and profit on Thursday
      Bloomberg  -  293 words
    • Article
      Lock icon M’sian ex-minister acquitted of cheating
      192 19 AP Kuala Lumpur A FORMER Malaysian transport minister was yesterday acquitted of cheating the government in a billion-dollar port deal that sparked a major financial scandal. The High Court said that prosecutors had not proven their case against Ling Liong Sik, who was transport minister
      AP  -  192 words
    • Article, Illustration
      Lock icon China launches new benchmark lending rate
      509 20 The ‘loan prime rate’ will guide bankers in setting interest rates when lending to their best customers Reuters Beijing CHINA launched a new benchmark lending rate yesterday in another step towards letting markets set the cost of funds and reducing distortions that have led
      Reuters; PHOTO: REUTERS  -  509 words
    • Article
      Lock icon Credit-squeeze survival kit for US banks
      258 20 Bloomberg Washington THE biggest US banks would be required to hold enough easily sold assets to survive a 30-day credit drought under Federal Reserve liquidity rules that expand on international standards adopted earlier this year. The Fed’s proposal on liquidity coverage ratio approved unanimously
      Bloomberg  -  258 words
    • Article
      Lock icon Twitter seeks up to US$1.4b in IPO
      272 20 Bloomberg New York TWITTER Inc is seeking as much as US$1.4 billion in the largest Internet initial public offering since Facebook, betting that it can convince investors of its ability to turn 500 million tweets a day into profits. Twitter plans to sell
      Bloomberg  -  272 words
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      Lock icon Page 18 Advertisements Column 1
      420 18 STPROPERTY SHOWCASE 2013 STProperty collaborates with Malaysia’s most established property developers to bring you the ‘hottest’ new launches in the market. 1 kO Why you should attend: Know more about Malaysia’s upcoming developments that are fast creating waves in the property market Make informed decisions before you invest in properties
      420 words
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      293 19 -dt [«ATS NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given that the following companies are in liquidation:1) ANTROHORNE LTD. 2) BRENSPERE LTD. 3) COMPROHORNE LIMITED 4) NUMBERSPRING LTD. 5) OMNIBURYLTD. 6) PESSIBORGE LIMITED 7) PRIMISCORNE LTD. 8) PRESTIMORNE LTD. 9) SANHOLPARK LTD. 10)
      293 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      53 20 BP is hiring a Regional Network Manager Informatics Academy is looking for a Manager Corporate Training Farrer Park Hospital has positions open for Senior/ Staff Nurses Teambuild Construction Group is recruiting a Senior Project Engineer Changi Airport Group has vacancies in Airport Management Check out more than 400 positions available
      53 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8156 21 Transaction date: Oct 25 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.5 8Telecom 12.5 11.5 13 10.6 0.9 10.3 59.9 20 3.1 A-Sonic 10.3 -0.3 4370 10.8 10.2 10.3 10.4 1.3
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    • Article
      Lock icon SGX CATALIST
      1871 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 27.5 17.1 t 800 Super 25.5 +0.5 85 25.5 25.5 24.5 25.5 3.2 3.9 7.9 45.6 6.2 2.8 t AA Grp 3.5 2.5 175 3.4
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 4 0 0 0 3 7 4 Manufacturing 39 57 44 5 10 10 44 67 54 Commerce 15 24 20 3 6 1 18 30 21 Tpt/Stor/Comms 9 16 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      771 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 21 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) GKE Corp 24-Oct-13 Liu Jichun *Buy 10 0.13 ***** 4.53 ***** 4.53 Blumont 23-Oct-13 Goh Seh Kiat
      771 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 74,756 74,756 49,254 49,254 Manufacturing 273,570 73,286 346,856 112,027 5,145 117,172 Commerce 154,539 124,330 278,869 83,833 10,444 94,278 Tpt/Stor/Comms 110,755 12,105 122,860 114,988 5,589 120,577 Finance 209,431 5,482 214,913 122,485 2,182 124,667 Construction 35,887 134,749
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Oct 24 COCOA (£/tonne) Close Prev High Low Dec 13 1706 1722 1724 1704 Mar 14 1702 1716 1718 1700 May 14 1698 1711 1713 1696 Jul 14 1696 1709 1711 1695 COFFEE(US$/tonne) Close Prev High Low Nov 13 1599 1613 1619 1589 Jan 14 1582 1586 1594 1562
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    • Article
      Lock icon METALS
      67 25 Oct 25 GOLD(US$/oz) Oct 25 Oct 24 Hong Kong 1349.00 1343.00 Oct 24 Oct 23 London 1346.84 1334.26 1348.06 1335.11 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 28.50 27.73 Source: UOB PLATINUM Lon (US$/oz) Oct 24 Close Previous PM Fix 1447.00 1440.00 AM Fix 1441.00 1436.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Oct 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.215 1.158 Can dollar 1.209 1.163 Euro 1.748 1.665 Sterling pound 2.042 1.964 NZ dollar 1.053 1.013 US dollar 1.263 1.203 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 25 YTD change:+1.20% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,931.60 on Nov 16,2012 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 25 YTD change:+0.18% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -6.00% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        20 25 YTD change: +35.53% 52-week high: 15,942.60 on May 23, 2013 52-week low: 8,619.45 on Nov 13,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 25 YTD change:+18.35% 52-week high: 15,709.58 on Sept 18,2013 52-week low: 12,471.49 on Nov 16,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  25 words
    • Article
      Lock icon PALM OIL
      57 25 Oct 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2460.0 2458.0 2465.0 2455.0 453 4545 Dec 13 2448.0 2445.0 2461.0 2443.0 3799 ***** Jan 14 2449.0 2444.0 2460.0 2441.0 ***** ***** Feb 14 2451.0 2446.0
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      Lock icon GOVERNMENT SECURITIES
      86 25 Oct 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****N 21-Apr-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-16 101.91 5-Year N*****0T 0.5 01-Apr-18 99.18 99.30 99.09 10-Year NX*****H
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Oct 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1848 1.1861 0.9587 0.9592 Canadian dollar 1.1835 1.1848 0.9582 0.9577 Euro 1.7075 1.7088 1.3817 1.3820 NZ dollar 1.0265 1.0275 0.8306 0.8310 Sterling pound 2.0038 2.0054 1.6215 1.6218
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      Lock icon CHICAGO BOT
      104 25 Oct 24 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 13 1309.75 1310.00 1318.00 1306.00 Jan 14 1303.75 1304.00 1311.25 1299.75 Mar 14 1282.00 1283.50 1288.00 1279.50 May 14 1264.50 1266.25 1270.00 1263.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 13 41.13 41.50 41.61 41.10
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      Lock icon OIL
      68 25 Oct 24 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.47 -1.07 WTI (Near Mth) 96.58 0.20 Dubai (1-Mth F) 105.07 -1.16 Tapis blend 114.20 -1.94 Minas 106.40 -1.94 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.81 -1.25 Jet Kerosene 122.10 -1.00 US$/barrel OpecOil Basket Price 105.57
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      Lock icon LONDON METALS
      72 25 Oct 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1815.00 1797.75 3 months 1861.00 1844.00 Copper, Grade A (US$/tonne) Cash 7160.25 7154.75 3 months 7175.00 7171.00 Lead (US$/tonne) Cash 2151.50 2151.00 3 months 2173.50 2172.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Oct 24 Index Change Change Change Change Change Change World Preliminary 1137.0 0.4 21.2 0.2 21.6 0.4 20.1 EAFE Preliminary 930.4 0.5 20.1 0.3 19.7 0.5 18.2 Europe Preliminary 1334.4 0.5 16.3
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  • PERSPECTIVE
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      Lock icon Thanks for a fun education, Australia
      1537 26 / 27  -  Cheong Choong Kong recalls his Adelaide varsity days and finds one lesson that hasn’t changed in 50 years people have to take themselves less seriously Cheong Choong Kong IT’S an honour to be invited to say a few words at this re-union of the
      PHOTO: AUSTRALIA TOURISM  -  1,537 words
  • Page 26 / 27 Miscellaneous
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      341 26 / 27 SATURDAY with Ludwig ‘It’s our Halloween special promotion.’ CRYPTIC CROSSWORD Across 1 Cheating at cards, using duplicity? (6-7) 10 New ones may be expensive if stout, perhaps (7) 11 Letter or note to devout holy man found by the French (7) 12 Stand torture (4) 13 Turkish leader elected for
      341 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Getting clients’ free-rein mandate
        1780 28 / 29  -  Bank of Singapore CIO says that Asians, usually self-directed investors, are warming up to discretionary portfolio management. By Genevieve Cua WEALTH MATTERS By Genevieve Cua gen@sph.com. sg THE question of entrusting the management of your funds to professionals usually brings to mind unit trusts or mutual
        PHOTO: BANK OF SINGAPORE  -  1,780 words
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        Lock icon BOS analysts overweight on EM high yield bonds
        534 28 / 29  -  By Genevieve Cua BANK of Singapore’s (BOS) analysts have an overweight call on emerging market (EM) high yield bonds. They also maintain an overweight stance on equities, where the favourites are Japan and the United States. BOS fixed income research head Todd
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    • WEALTH REAL ESTATE
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        Lock icon India developers plan rental-backed bonds
        802 30 Move follows rules allowing developers, which gorged on cheap bank loans in 2006-07, to raise money via Reits Reuters Mumbai INDIAN property firms, including DLF Ltd, are gearing up to sell the country’s first bonds backed by rental income from their office buildings and shopping
        Reuters; PHOTO: REUTERS  -  802 words
      • Article
        Lock icon Househunt
        359 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 18 AND OCT 1, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 19/09/2013 99 1528 2750 1799 District 3 NON-LANDED Emerald Park
        359 words
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        Lock icon NY Hamptons seeing multi-million dollar deals
        1108 31 Deals fuelling boom in expansions, knockdowns and resales in the beachfront town Bloomberg New York JOSH Guberman paid US$3.4 million in 2011 for a house that had lingered on the market in New York’s Hamptons for almost a year. He knew what it was
        Bloomberg; PHOTO: BLOOMBERG  -  1,108 words
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      131 28 / 29 The only thing more gratifying than having a wealth of expertise is being recognised for it. We are honoured to receive the ‘Outstanding Private Bank’award for two years 2011 and 2013. “Bank of Singapore has continued its strong growth momentum with assets under management rising 35 per cent. Broad-based asset
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      57 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN STEEL. AL ROY SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AUDEMARSPIGUET .COM Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore.
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      69 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 26-27, 2013 MOVERS AND SHAKE-OUTS We serve up the real story behind recent closures and seismic movements in the F&B industry L2-4 HOME GARDEN Roof with a view L8-9 SHOPPING Sale away at Club 21 L5 STYLE Lowdown on tie-ups L10-11 PHOTO: ANNAM VIETNAMESE CUISINE
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Movers and shake-outs
        2697 2 / 3  -  Twenty outlets in two years! International outlets in five! New restaurants open to pomp and pageantry, but very little is said when they go belly up just a year or two later. Debbie Yong looks into the recent string of restaurant closures for a change, and gets
        PHOTOS: LES AMIS, FILE  -  2,697 words
      • Article, Illustration
        Lock icon Closures and regrouping
        997 2 / 3 Closed Sur Nuevo Latino Kitchen (13 North Canal Road) Run by former executive pastry chef at the Marina Bay Sands, Alejandro Luna, the much-feted South American restaurant closed at the end of September due to an alleged misuse of funds leading to a shareholder dispute. While Mr
        FILE PHOTO  -  997 words
    • SHOPPING
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        Lock icon Bargain designer buys
        501 5  -  Some tips for shopaholics heading down to Club 21’s annual bazaar. By May Yip BY May YiP BARGAIN hunters, spend this weekend trawling through the wares at the Club 21 Bazaar, back at the Pit uilding, Republic Boulevard. With up to 85 per cent off looks from
        PHOTOS BY YEN MENG JIIN  -  501 words
    • TRAVEL
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        Lock icon Bali getaways
        1674 6 / 7  -  Tay Suan Chiang checks out 3 resorts which will appeal to those seeking the sun, sand and sea, with some shopping thrown in Tay Suan Chiang taysc@sph.com.sg MENTION Kuta and images of backpackers’ hostels and the stretch of great surfing beach in Bali come to mind. All that
        PHOTOS: SHERATON; PHOTOS: FOUR SEASONS  -  1,674 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Roof with a view
        1037 8 / 9  -  The view of the neighbourhood and its surrounding greenery was what enticed the Lohs to buy the slightly elevated land on which their two-storey house was built. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg YOU would think the best views in the
        ALL PHOTOS BY MARC TEY GE WAI/ WALLFLOWER ARCHITECTURE + DESIGN UNLESS OTHERWISE STATED; PHOTOS: YEN MENG JIIN  -  1,037 words
    • STYLE
      • Article, Illustration
        Lock icon Lowdown on tie-ups
        1128 10 / 11  -  International chain stores aren’t the only ones to bank on collaborations with posh brands. A handful of Asian brands are now working with higher-end designers to entice savvy shoppers. By May Yip By May Yip THEmosttalked-abouthigh-low fashion tie-up this season may be Isabel Marant’s insouciant-chic designs for
        PHOTOS: RAOUL, LOVE, BONITO; PHOTO: DUDE & DUCHESS  -  1,128 words
      • Article, Illustration
        Lock icon FOREVER YOUNG
        963 12  -  For the ambitious CEO of Versace, upholding the house’s corseted, cupped and cinched aesthetics for the next generation is the secret to restoring a luxury empire. By May Yip By May Yip SPEAKING highly of one’s boss may be customary practice for any employee, but Versace chief executive
        963 words
    • HEALTH
      • Article, Illustration
        Lock icon Making the right decisions
        1266 13  -  Some tests and procedures to save our lives may have the potential to increase risks of stroke, cancer and dementia Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical
        1,266 words
    • MOTORING
      • Article, Illustration
        Lock icon Spur of the moment
        722 14  -  The latest Bentley Flying Spur with more power and luxury sets a new benchmark. By Samuel Ee samuelee@sph.com.sg IT may be 5.3 metres long and tip the scales at just under 2.5 tonnes but one thing the Bentley Flying Spur is not is unwieldy. Something the
        722 words
      • Article, Illustration
        Lock icon The return of a classic The ES story
        805 15  -  The Lexus ES250 marks the end of a 7-years hiatus. Stories by Samuel Ee samuelee@sph.com.sg THE Lexus ES has to be the classic Lexus. Even with a dramatic spindle grille, the sixth-generation of this mid-sized sedan model manages to convey an image
        805 words
    • GOLF
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        Lock icon Proud win for S’pore at Audi World Final
        1067 16  -  Team Singapore duo finish second at the Audi quattro Cup World Final in Los Angeles. By Justine Moss QUALIFYING at the national final to represent Singapore in the Audi quattro Cup World Final 2013 last month in Singapore was a dream come
        PHOTOS: AUDI  -  1,067 words
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      216 5 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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      994 10 / 11 wine dine with BTWeekend Peach Blossoms Marina Mandarin Singapore, Level 5 6 Raffles Boulevard Sweetness of Hairy Crabs at Peach Blossoms Oct 15 to Nov 31 The season of indulging in hairy crab delicacies is upon us again and Peach Blossoms presents them in more flavourful ways such as Steamed
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