The Business Times, 1 November 2013

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Microfilm: NL32873
Total Pages: 39
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, November 1, 2013G
    25 words
  • Article, Illustration
    Lock icon Jobless rate at lowest since last Dec
    560 1  -  Fewer layoffs in Q3; strong showing by services and construction sectors despite slowdown from Q2 By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] The jobless rate surprisingly fell to 1.8 per cent in September the lowest level since last December as layoffs subsided in the
    Source: Labour Force Survey, MOM  -  560 words
  • Article, Illustration
    Lock icon Muddy Waters: Game over for Olam if Temasek pulls out
    871 1  -  By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Almost a year after it first released its report on Olam International, shortselling research firm Muddy Waters is not letting up on the agri-commodities trader yet. “My view is that if Temasek decides tomorrow that
    PHOTO: YEN MENG JIIN  -  871 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,210.67 (-19.77) HST INDEX FUTURES 3,210.00 (-20.00) HSIMSCI 370.00 (-2.48) HSIMSCI FUTURES 370.00 (-3.20) US$ S$ US$ (S$ per US$) 1.239 (US$/S$ per 1.602 1.985 EURO (US$/S$/€ 1.371 1.698 Foreign currency per US$ S$ YEN 98.40 79.40 RM 3.158 2.549 HK$ 7.753 6.258 BAHT 31.12 25.12 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,806.85 -10.53 NIKKEI 225 14,327.94 -174.41 HANG SENG 23,206.37 -97.65 SET INDEX 1,442.88 +11.76 JAKARTA COMP 4,510.63 -64.25 MANILA COMP 6,585.38 -11.83 SEOUL COMP 2,030.09 -29.49 SHENZHEN B 829.62 -8.98 MUMBAI IND 21,164.52 +130.55 12 noon EDT Change DOW 15,595.97 -22.79 NASDAQ 3,933.16 +2.54
      49 words
    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 TAIWAN 14.722 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
      22 words
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      158 1 PROPERTY Good Class Bungalow market starts to thaw CORPORATE RESULTS CapitaLand Q3 profit down 8.7% PAGE 7 EXEC CONDOS Warm reception expected for Westwood EC site PAGE 24 EXEC LIFESTYLE Of mentors and proteges PAGE 34 PAGE 24 THE RAFFLES CONVERSATION Carson Block lifts the veil of secrecy around Muddy
      158 words
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      3 1 *****1 11 *****4
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  • TOP STORIES
    • Article
      Lock icon Business loans drive growth in bank lending
      588 2  -  But consumers are cutting back on borrowing; economists expect trend to continue in months ahead By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Businesses continue to invest and expand while consumers are cutting back on borrowing, show preliminary figures released by the Monetary Authority of Singapore
      588 words
    • Article
      Lock icon Fed to continue US$85b monthly bond purchases
      438 2 It needs to see more evidence of the economy improving Bloomberg [WASHINGTON] The US Federal Reserve decided to press on with US$85 billion in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve. “The recovery
      Bloomberg  -  438 words
    • Article, Illustration
      Lock icon Key URA man quits to move to private sector
      634 2  -  By FELDA CHAY feldac@sph.com.sg [SINGAPORE] A key policymaker of the Singapore property market who helped shape the many cooling measures in the last few years is leaving the civil service to join the private sector. Marc Boey, group director of land
      634 words
    • Article, Illustration
      Lock icon Solar-powered family car coming soon?
      502 2  -  The Dutch creation produces more power than it needs By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Fancy a sustainable, non-polluting family car that produces more energy than it uses which can be sold back to the power grid? Such an energy-positive vehicle could come on the market
      502 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      296 2 Jobless rate at lowest since last Dec THE jobless rate surprisingly fell to 1.8 per cent in September as layoffs subsided in Q3. FRONT PAGE ‘Game over for Olam if Temasek quits’ ALMOST a year after it released its report on Olam International, Muddy Waters is not letting
      296 words
    • Article
      Lock icon Bank of Japan’s board split on inflation target
      578 2  -  3 members dissent but majority sticks to 2% inflation target in FY2014 By ANTHONY ROWLEY in Tokyo DISSENSION broke out yesterday among the Bank of Japan’s nine-member policy board over whether the central bank can expect to achieve its 2 per cent
      578 words
    • Article, Illustration
      Lock icon Litigator and author Adrian Tan joins Stamford Law
      708 4  -  He’s leaving Drew Napier after spending 21 years there By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Well-known litigation lawyer, author and humorist Adrian Tan, 47, has left Drew Napier the Big Four firm he has called home since he was a pupil to join
      708 words
    • Article
      Lock icon Hacker threatens to take down S’pore infrastructure
      387 4  -  Supposed Anonymous member warns govt to reconsider website licensing rules By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] The Singapore government received a threat yesterday via a YouTube video put up by someone claiming to be part of the international hacker group Anonymous, warning that it
      387 words
    • Article
      Lock icon NTUC conference backs wage model, PME push
      520 4  -  Delegates reaffirm that the moves are in workers’ long-term interest By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] After three days of brainstorming, the labour movement agreed that the progressive wage model (PWM) that they launched last year was its best hope to keep wages
      520 words
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      49 2 ffOU/'JJ Estate A Majestic Mediterranean Villa nu n > kr I Vv, Winner, Singapore Prestige Brand 2009 /(AO Ut Locale Simplistic Modern Living Land 16,100sqft (appx) Built 9,000sqft (appx) *****997 Serene Ang Lie no: R*****3G Land 15,500sqft (appx) Built 9,000sqft (appx) *****480 Rena Lee Lie no: R*****1G Lie No. L*****63(
      49 words
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      101 3 PHOTOGRAPHED BY KRISTIAN SCHULLER I 'a s 1 1 3 4t EXTRAORDINARY STRENGTH A body made from a forged grade five titanium alloy, two-and-a-half times stronger than stainless steel, yet only half its weight, A virtually scratchproof sapphire crystal screen, protecting a 4.3" HD display. The Constellation is strong enough
      101 words
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      140 4 GEMINI sims a H m 1 \v UR: s» JfE3& Y" <;» R~ M Lii <ss EF T~i I 8 Minutes drive to CITY Floor-To-Floor height of 6.5m 5 Minutes walk to Aljunied MRT Prices from $6XX PSF No Additional Buyer's Stamp Duty Foreigners Eligible GEMINI R stellar place to
      140 words
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      Lock icon Page 4 Advertisements Column 2
      137 4 Now On! 31 Oct 3 Nov 2013 SUNTEC Singapore, Level 6 (Halls 601, 602, 603, 604, 605) 12pm 9pm DAILY FREE ADMISSION www.ceeshow.sg/about Hot deals for mobile, broadband and tv services from M1, MyRepublic, SingTel, StarHub and ViewQwest as well as I.T. products from key players. SPIN YOUR WAY to
      137 words
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      165 5 PtidUiil'lm RllUmi'J m IUJI k'U 1 1 n wiUJiL'i'.'m i miujii LU I L 1 111 n I -N t V K 't N i (ARCHfAM E^oceMTxn Q*?«t I'y.Wl rrtKxnm •i* M N V yit' 1 LI ?n m m ?6/, h ts ,’V Leadership in technology. The world is
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  • COMPANY NEWS
    • Article
      Lock icon Blue chips shield market amid penny storm
      702 6  -  Total market cap of Singapore companies falls just 0.4% in October By KENNETH LIM kenlim@sph.com.sg THE value of Singapore-list-ed shares stayed mostly flat in October, but a closer look reveals a tale of two markets with battered penny stocks on the one hand
      702 words
    • Article
      Lock icon OSIM’s Q3 net profit rises 16% to $22.7m
      362 6  -  By JASMINE NG jasng@sph.com.sg OSIM International’s third-quarter profit rose 16 per cent as sales of its massage chairs, massagers and nutritional supplements improved. Net profit was $22.7 million for the three months ended Sept 30, up from $19.6 million a year ago,
      362 words
    • Article, Illustration
      Lock icon Jaya’s Q1 net profit falls 24% to US$7.6m
      404 6  -  By MALMINDERJIT SINGH msingh@sph.com.sg JAYA Holdings yesterday posted a 24 per cent fall in first-quarter net profit to US$7.6 million from a year ago. Excluding non-recur-ring items and gain from a vessel sale, the quarter’s net profit was 15 per cent higher
      404 words
    • Article
      Lock icon Natural Cool CEO fined $150K for trading breaches
      374 6  -  Ang Choon Cheng quits post and directorship By JOYCE HOOI joyceh@sph.com.sg NATURAL Cool Holdings CEO Ang Choon Cheng has been hit with a civil penalty by the authorities and has resigned from his position over false trading and manipulation of shares in
      374 words
    • Article
      Lock icon At a glance
      173 6 9 months ended Sept 2013 NET PROFIT (S$M) TURNOVER (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 3 months ended Sept 2013 NET PROFIT (S$M) TURNOVER (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 CapitaLand 706.9 667.6 5.9 2,892.3 2,190.5 32.0 135.5 148.5 -8.7 1,047.8 686.9 52.5 2
      173 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (Oct 31,2013)
      288 6 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.02.2014 N*****0H 2012 1/4 2900.00 1/8 1/2 91 99.99 0.29 SG********** 01.07.2014
      288 words
    • Article
      Lock icon Singapore fund investors still cautious: Eastspring Investments
      310 6  -  By KENNETH LIM kenlim@sph.com.sg SINGAPORE unit trust investors prefer income over growth for the next six months, and are most confident in equities, according to a survey by Eastspring Investments. “Our study revealed that mutual fund investors in Singapore are continuously searching for
      310 words
    • Article
      Lock icon SMRT’s Q2 profit dives 57% to $14m
      441 6  -  By SAMUEL EE samuelee@sph.com.sg HIGHER staff and depreciation costs combined with stagnant fares to put the brakes on SMRT Corp’s net profit for the second quarter ended Sept 30, 2013, causing it to plunge 56.8 per cent to $14.4 million, even as revenue
      441 words
    • COMPANY BRIEFS
      • Article
        Lock icon Blumont consortium calls off share deal
        50 6 BLUMONT Group announced yesterday that the consortium it was a part of to subscribe for 325 million shares in Prospect Resources has terminated the proposed deal. This comes after the lapse of the Oct 30 deadline for the share issuer to satisfy conditions precedent.
        50 words
      • Article
        Lock icon MGCCT’s DPU higher than forecast
        40 6 MAPLETREE Greater China Commercial Trust has achieved available distribution per Unit (DPU) of 3.183 cents for the period from its listing on March 7 to Sept 30. This is 10.4 per cent higher than forecast.
        40 words
    • Article
      Lock icon CapitaLand’s Q3 profit falls amid lower margin
      551 7  -  CEO says integrated and mixed developments to be focus going forward By ONG CHOR HAO ongch@sph.com.sg DESPITE a surge in revenue in the third quarter, CapitaLand saw net profit fall 8.7 per cent to $135.5 million, from $148.5 million a year ago. This
      551 words
    • Article
      Lock icon Sin Heng Q1 net profit up 15.8% at $3.8m
      477 7  -  By CAI HAOXIANG haoxiang@sph.com.sg MORE cranes and aerial lifts sold in Singapore and regional markets resulted in crane supplier Sin Heng Heavy Machinery reporting a net profit of $3.8 million for its first quarter ended Sept 30, 2013, up 15.8 per
      477 words
    • Article
      Lock icon Soilbuild posts 13% rise in Q3 earnings
      285 7  -  By CARINE LEE carinel@sph.com.sg SOILBUILD Construction Group’s third-quarter net profit rose 13 per cent year on year to $6.32 million, on the back of healthy progress in its construction projects. Executive director Ho Toon Bah said: “While industry-wide challenges such as rising labour
      285 words
    • Article, Illustration
      Lock icon Grand Banks sets profit course to exit SGX watch-list
      640 9  -  Yacht maker has applied for deadline extension to meet requirements By MALMINDERJIT SINGH msingh@sph.com.sg GRAND Banks Yachts, in choppy waters with the Singapore Exchange (SGX) for almost two years, is now on course to calmer seas. The Singapore-based manufacturer of luxury
      640 words
    • Article
      Lock icon Waving the corporate governance flag
      479 9 THE Securities Investors Association (Singapore), or SIAS, is holding the fourth Singapore Corporate Governance (CG) Week 2013 from Nov 8 to 15. Organised by SIAS, CG Week has received endorsement and support from the Accounting and Corporate Regulatory Authority (Acra) and the Singapore Accountancy Commission
      479 words
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      213 7 YE R END SALE 65 Mohamed Sultan Road Singapore *****3 Tel: 6734 3425 6235 3221 Fax: 6235 3762 sales@lemerciers.com www.lemerciers.com Opening Hours Mon-Sat 10.30am-7pm, Sun PH 10.30am-7pm imr\ Aud Vorsprung durch Technik 1 <• K. I ~WB-~ \mmn m m V a IN /***** tt BK at i-fet n ■■uhmH
      213 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Hawkish Fed statement sparks selling
      585 8  -  ST Index loses almost 20 points, while penny stocks put up mixed performance STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index (STI), having risen almost 22 points on Wednesday in anticipation of the US Federal Reserve issuing a dovish statement after its Federal
      Source: Bloomberg  -  585 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Oct 31 VALUE CLOSE BT OB/OS -99.00 -108.00 BT CADI -*****.00 -8.00 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 744.89 -0.94 FTSE ST Small Cap 537.84 +0.31 FTSE ST All Share 780.00 -3.76 FTSE ST China Top 203.83 -1.16 FTSE ST China 231.42 -1.01 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Golden Agri 134,404,000 Sky One 99,599,000 ValueMax 75,680,000 Digiland 68,191,000 Innopac 66,467,000 Blumont 63,792,000 YHM 51,254,000 HPH Trust US$ 42,077,000 Oceanus 39,342,000 Asiasons 38,037,000 VALUE($) SingTel 88,794,640 Golden Agri 79,506,655 UOB 66,168,474 DBS Grp 61,115,676 GLP 58,681,560 OCBC Bk 54,341,690 Genting SP 45,150,095 ValueMax 40,263,800 HPH
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 3 0 0 0 6 5 3 Manufacturing 51 49 38 11 7 10 62 56 48 Commerce 19 21 24 8 4 2 27 25 26 Tpt/Stor/Comms 6 21 13
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    • Article
      Lock icon BROKERS’ TAKE
      967 8  -  Compiled by TEH SHI NING CapitaMalls Asia Oct 31 close: $2.02 Standard Chartered Equity Research, Oct 30 CAPITAMALLS Asia’s (CMA) Q3 2013 profit after tax and minority interests (Patmi) of $64.8 million was in line with our and consensus estimates. Weak China performance in Q4 2012-Q1 2013 was
      967 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,425 19,425 69,508 69,508 Manufacturing 221,301 58,420 279,721 133,290 4,479 137,769 Commerce 201,403 63,555 264,958 86,573 4,344 90,917 Tpt/Stor/Comms 122,808 105,946 228,754 201,695 10,175 211,870 Finance 160,416 782 161,198 245,200 291 245,491 Construction 92,817 56,618
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 2.020 -0.030 CapitaLand 3.120 -0.040 CapitaMall 2.020 CityDev 10.30 -0.180 ComfortDelGro 1.925 +0.010 DBS Grp 16.74 -0.100 GLP 3.090 +0.020 Genting SP 1.525 Golden Agri 0.600 +0.020 HK Land 6.160 -0.030 HPH Trust US$ 0.730 -0.015 JMH 54.49 -0.310 JSH 33.89
      114 words
    • Article, Illustration
      Lock icon Weak inflation dents euro; dollar rises
      448 8 CURRENCIES Reuters [LONDON] The euro fell to a two-week low against the US dollar yesterday after a fall in inflation to its lowest in nearly four years increased speculation that the European Central Bank (ECB) will ease monetary policy further. Helped by the euro’s
      Reuters; PHOTO: BLOOMBERG  -  448 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 223.0 1.2 DBXT Nifty 10US$ ***** 200.7 1.6 Great Eastern 1812 31.0 1.7 DBXT DBCBDJUBS 10US$ 2911 26.0 0.7 DBXT S&P Short 10US$ 2737 22.3 0.7 Jardine C&C 3665 13.0 0.4 ForterraTr 217 8.0 3.8 IS ASIA HYG100S$D 1331 8.0 0.6
      108 words
    • Article
      Lock icon FALLS
      121 8 FALLS BY CENTS CLOSE DOWN GLD 10US$ ***** -156.1 -1.0 DBXT MSKorea 10US$ 6371 -102.8 -1.3 DBXT MSEurope 10US$ 5780 -44.6 -0.6 JMH 5449 -38.4 -0.6 DBXT FTVietnam 10US$ 2377 -31.0 -1.0 DBXT MSINDO 10us$ 1317 -31.0 -1.9 CityDev 1030 -18.0 -1.7 UOB 2084 -15.0 -0.7 DBXT CSI300 10US$
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      175 9 PAL SIXTH Freehold s t10 u I v* mf&SK P*' £'‘36^asr AX P ■••.•-A aa®R* i?*r x *t&0 p i u -i- W.LV** ,0 v >5«$ 'a y*\y X'- yU ft Fine Landed Living In Sixth Avenue Thirty-two magnificent residences A private lift, clubhouse with pool, gym, steam room, roof
      175 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Services sector upbeat about next 6 months
      445 10  -  But manufacturing sector expects business conditions to deteriorate ECONOMY By JASMINE NG jasng@sph.com.sg COMPANIES in the services sector are expecting some holiday cheer for the next six months while their manufacturing counterparts are bracing for tougher days, surveys by the Singapore government show.
      Source: Department of Statistics; EDB  -  445 words
    • Article
      Lock icon Refine business landscape to strengthen SMEs: Tharman
      436 10  -  WORLD ENTREPRENEURSHIP FORUM By MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE should refine its current business landscape, which features a model of loose collaboration between multinational corporations (MNCs) and smaller local enterprises, to strengthen small and medium enterprises (SMEs) here, said Deputy Prime Minister and Minister
      436 words
    • Article
      Lock icon Entrepreneurship, innovation key drivers of future growth
      391 10  -  S’pore has 30 incubators that nurture promising start-ups By FELDA CHAY feldac@sph.com.sg SINGAPORE recognises the importance of entrepreneurship, and has identified entrepreneurship and innovation as key drivers of future growth, said Lee Yi Shyan, Senior Minister of State for Trade and Industry and
      391 words
    • Article
      Lock icon CPG retains local focus while spreading its wings abroad
      522 10  -  By ONG CHOR HAO ongch@sph.com.sg EVEN as CPG Corporation, which began life as the Public Works Department (PWD) of Singapore, moves to expand its footprint overseas, it will retain a bulk of its business at home. Executives from CPG said this
      522 words
    • Article
      Lock icon Three clean-energy firms open S’pore offices
      360 10  -  By GRACE LEONG gleong@sph.com.sg THREE foreign clean-ener-gy companies are among a growing number of international firms that are capitalising on Singapore’s renewable energy technology, capital resources and talent, as the Republic moves towards being Asia’s sustainable energy hub. Hanergy Global Investments and Sales, Saferay,
      360 words
    • Article, Illustration
      Lock icon Overcoming dark days to become an award winner
      644 10  -  SINGAPORE QUALITY AWARD By FELDA CHAY feldac@sph.com.sg THE fear of having to close down the firm that his father had set up and passed to him was what spurred Pek Lian Guan, CEO of Tiong Seng Contractors, to embark on a learning
      644 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon URA waives fees for repair applications
        81 10 THE Urban Redevelopment Authority (URA) will waive the processing fees for applications to carry out localised repair and maintenance works on conserved buildings as of today, as long as these works do not alter the structure or appearance of the building. In addition, it
        81 words
      • Article
        Lock icon AB Sciex opens R&D centre
        71 10 ANALYTICAL technology firm AB Sciex has opened a new research and development (R&D) centre in Singapore. The facility is an extension of the company’s $10 million existing outfit in Marsiling where analytical instruments are made. The new R&D centre is focused on product development and
        71 words
      • Article
        Lock icon Mercy Relief CEO Hassan Ahmad quits
        47 10 HUMANITARIAN aid organisation Mercy Relief has announced the resignation of its chief executive, Hassan Ahmad, and the appointment of his successor, Goh Chin Siang. The appointment of Mr Goh, a former lieutenant-colonel with the Singapore Army, takes effect from Nov 1.
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      2597 11 ADVERTORIAL Accountancy: The language of business A feature article by the Singapore Accountancy Commission, in celebration of International Accountants Day IT IS a typical day. Ho Lon Gee, chief executive officer (CEO) and managing director of business services firm Tricor Singapore, just finished a call with a Hong Kong businessman
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon E-payments push for GST set to benefit IT firms
      445 12 Businesses will need electronic payment systems, software as cash is hard to track Reuters [KUALA LUMPUR] Malaysia’s new consumption tax is a boon to IT companies that stand to win infrastructure contracts and fees provided they can convince people to switch
      Reuters  -  445 words
    • Article
      Lock icon MAHB’s nine-month earnings up 8%
      443 12  -  By PAULINE NG in Kuala Lumpur DESPITE revenue jumping by about a third to almost RM3 billion (S$1.17 billion), earnings of Malaysia Airports Holdings Bhd (MAHB) for the nine months to Sept 30 inched up 8 per cent to RM341 million, as higher operating costs
      443 words
    • Article, Illustration
      Lock icon Indonesia workers go on strike for higher wages
      448 12 AFP [JAKARTA] Tens of thousands of workers went on strike across Indonesia yesterday, in the latest industrial action to hit South-east Asia’s top economy as its citizens seek a greater share of the spoils from stellar growth. Unions are calling for hefty
      AFP; PHOTO: AFP  -  448 words
    • Article
      Lock icon Halim Saad’s RM2b lawsuit thrown out; time bar cited
      596 12  -  By S JAYASANKARAN in Kuala Lumpur A RM2 billion (S$784.7 million) suit by tycoon Halim Saad against former finance minister Nor Mohamed Yakcop, the government and sovereign wealth fund Khazanah Nasional was thrown out of the High Court yesterday. Mr Halim,
      596 words
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      333 12 Savour seasonal Kagawa seafood and handmade udon at Keyaki a iff WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at Conrad Centennial Singapore. Afternoon Delight Lobby Lounge $45++ per person* 7pm to 5pm (avail. Sat Sun)
      333 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s top 4 banks post biggest rise in bad loans
      779 13 Increase in defaults adds to concern bank profitability may slip Bloomberg [SHANGHAI] China’s top four banks posted their biggest increase in soured loans since at least 2010 as a five-year credit spree left companies with excess manufacturing capacity and slower
      Bloomberg; PHOTO: REUTERS  -  779 words
    • Article
      Lock icon RBI governor unveils plan to reform India’s banking sector
      739 13  -  By NEETA LAL By in New Delhi IN a bid to revamp the country’s banking sector and deepen financial markets, Reserve Bank of India (RBI) governor Raghuram Rajan formally unveiled his “five pillars” plan on the occasion of the central bank’s
      739 words
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      31 13 SERIAL irRi Serial System Ltd Group on its 9 Jubilee Best Wishes Han Keen Juan Chairman Old Chang Kee Ltd William Urn CEO Old Chang Kee Ltd OldCfuuigKec since 1956 s
      31 words
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      189 14 25 years of Enterprise Excellence Founded by Dr. Derek GohBBMsince 1988, Serial System has developed a synergistic global network that is built on strong partnerships with their suppliers and customers. Today, Serial System has one of the biggest distribution networks in Asia, with 50 offices and 7 warehouses located throughout
      189 words
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      127 15 25 years of Enterprise Excellence Founded by Dr. Derek GohBBMsince 1988, Serial System has been a trusted distributor of electronic components. As the largest electronic component distributor listed on the Main Board of the Singapore Stock Exchange, Serial System has over 800 staff in 12 countries and an annual turnover
      127 words
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  • WORLD
    • Article, Illustration
      Lock icon US raps China, Germany on rising surpluses
      760 16 Treasury says yuan’s rise is slow, Berlin must push domestic demand growth Bloomberg [WASHINGTON] The US reiterated its complaints that C h i n a s y uan h asn t strengthened as fast as needed and criticised Germany for its current account
      Bloomberg; PHOTO: BLOOMBERG  -  760 words
    • Article
      Lock icon Central banks make cash swaps permanent
      613 16 Bloomberg [FRANKFURT] Central banks from the Group of Seven nations said that emergency currency-swap lines established during the global financial crisis will be made permanent, providing backstops to safeguard against future turbulence. Temporary, bilateral arrangements between the European Central Bank, the Federal Reserve, the
      Bloomberg  -  613 words
    • Article
      Lock icon US budget deficit dips below US$1t for first time in 5 years
      299 16 AP [WASHINGTON] For the first time in five years, the US government has run a budget deficit below US$1 trillion. The government said on Wednesday that the deficit for the 2013 budget year totalled US$680.3 billion, down from
      AP  -  299 words
    • Article
      Lock icon Twitter – next behemoth or another flash in the pan?
      673 16 Twitter next behemoth or another flash in the pan? Platform’s simplicity seen making it vulnerable to risk AFP [WASHINGTON] How does a company that has lost millions since 2010 and never made a profit raise US$1.6 billion in a public offering and reach a value of some US$11 billion? Say
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      Lock icon Brazilian oil giant OGX files for bankruptcy
      626 18 Company’s debt restructuring talks with creditors fail AFP [RIO DE JANEIRO] Brazilian tycoon Eike Batista’s OGX oil firm has filed for bankruptcy protection here to avert default after debt restructuring talks with creditors failed. “The company filed its request for bankruptcy protection this
      AFP; PHOTO: REUTERS  -  626 words
    • Article
      Lock icon Cool reception to UK’s plan for its first sukuk issue
      542 18 Risk associated with buying a pound issue seen curbing appetite for sale Bloom berg [DUBAI] British Prime Minister David Cameron will need more than the UK’s first Islamic bond issue to make the country a capital of Syariah compliant finance,
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    • BRIEFING
      • Article
        Lock icon Eurozone jobless rate rises to 12.2%
        138 18 AFP [BRUSSELS] The unemployment rate across the 17-country eurozone hit a record 12.2 per cent in September, with about 19.5 million people classed as jobless by EU data agency Eurostat. The figures showed the August rate had been revised up from 12.0 per cent
        AFP  -  138 words
      • Article
        Lock icon UK moves to fight shell companies
        124 18 AFP [LONDON] Britain is to publish a register of who owns and controls companies to fight the “cloak of secrecy” surrounding shadowy shell firms, Prime Minister David Cameron said yesterday. He told a summit on open government that the register would focus attention on
        AFP  -  124 words
      • Article
        Lock icon Plans for stricter bank trading risk rules
        156 18 Bloomberg [BRUSSELS] Banks face a toughening of global capital rules on swaps, bonds and other securities that they intend to trade, as regulators seek to make lenders more resilient to crises. The Basel Committee on Banking Supervision, which brings together supervisors from 27
        Bloomberg  -  156 words
      • Article
        Lock icon Unsecured lending goes up in UK
        151 18 Reuters [LONDON] British consumers borrowed money at the fastest rate since early 2008 in the three months to September, a correction to Bank of England data showed yesterday, fuelling concerns that the country’s recovery is reliant on debt. Earlier this week the central bank
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      33 16 The latest jobs, straight from the press. If you’re thinking of making a career change, check out the latest job opportunities career insights in CATS Recruit. Now available on the CATS Classified App
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      86 17 Official Spirits Partner: Official Poultry: Organised by: Official Gourmet Purveyor: Presenting Partner: Official Sparkling Fruit Beverages: Official Still Sparkling Mineral Waters: Official Food Service Equipment Provider: Official Venue: Official Oil: Official Cognac: Official Single Malt Whisky: Official Luxury Magazine: Official Luxury Crystal: Official Newspaper: Official Kitchen Appliance: Official Gourmet Lifestyle
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      1780 18 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FORM 69(4) NOTICE OF DIVIDEND Name of Company Healthy Glow Pte Ltd (In Liquidation) Co. Reg. No. *****3265C Address of Registered Office c/o The Liquidator’s Office Amount per Centum 6.96% First Final or otherwise First and Final Dividend When payable 1 November 2013
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      404 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MANHATTAN VENTURE PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. ********** (“the Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 24 October 2013, the Resolutions set out
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      106 19 IK > r ►Y k Z A i I w ✓I K 7* K> 4 LJ -4 ✓4 K «r (=^1 /4 KK i m I K fiv—'I —va I ''f SGCARMART.COM/QUOTZ Live bidding by over 300 used car dealers. Sell your car by auction! Call 6744 7571. No obligation
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      129 20 / 21 FILM Walter Murch and Sara Fgaier TH EATRE Patrice Ghereau and Michal Borczuch DANCE Lin Hwai-min and Eduardo Fukushima VISUAL ARTS William Kentridge and Mateo Lopez U One year can inspire a lifetime. The Rolex Mentor and Protege Arts Initiative gives promising young artists a year with a master. A
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  • EDITORIAL & OPINION
    • Article
      Lock icon Brighter power sector with solar energy
      486 22 EDITORIAL TO further diversify the energy mix here, Singapore is preparing the ground for renewable energy options, with solar power seemingly the most viable at this point. This comes as the power industry here is in a stable, steady state. With natural gas supplies
      486 words
    • Article, Illustration
      Lock icon Reflections on the future of one-year-old Abenomics
      828 22  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THERE was a birthday party of sorts in Tokyo this week for a “child” whose birth a year ago was greeted with the kind of fanfare that normally accompanies the arrival of a royal baby. This
      828 words
    • Article, Illustration
      Lock icon Work for peace to boost economic development
      890 22  -  Reducing expenditure on containing violence will contribute billions to output growth By STEVE KILLELEA The writer is executive chairman of the Institute for Economics and Peace Project Syndicate AT the 68th session of the United Nations General Assembly, which began on Sept 17,
      Project Syndicate; PHOTO: AP  -  890 words
    • Article, Illustration
      Lock icon Biotech lessons from Korea, Taiwan
      1039 23  -  S’pore must leverage its strengths in the sector, taking advantage of govt support and location to expand and innovate By SIMRANJIT SINGH The writer is director for strategic planning, Asia–Pacific, Quintiles, a provider of biopharmaceutical development and commercial outsourcing services, and chairman of BioSingapore, an
      PHOTO: BLOOMBERG  -  1,039 words
    • Article, Illustration
      Lock icon Breaking up is messy to do
      955 23  -  REUTERS BREAKINGVIEWS By HUGO DIXON IMAGINE the British people vote to quit the European Union in the referendum that David Cameron has promised to hold by 2017. What happens next? What, if any, special relationship would the UK seek to retain with the EU?
      PHOTO: AFP  -  955 words
    • Article
      Lock icon UK not first non-Muslim nation to plan sukuk
      441 23 LETTER TO THE EDITOR I REFER to the report “UK plans to launch Islamic sovereign bond” (BT, Oct 30) on the launch of a £200 million Islamic sovereign bond (commonly known as sukuk) in the UK. British Prime Minister David Cameron announced
      441 words
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      103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • PROPERTY
    • Article, Illustration
      Lock icon Good Class Bungalow market starts to thaw
      719 24  -  Options said to have been granted for sale of at least 2 properties recently By KALPANA RASHIWALA kalpana@sph.com.sg THE Good Class Bungalow (GCB) market appears to be thawing after a quiet period following the introduction of the Total Debt Servicing Ratio framework in
      719 words
    • Article, Illustration
      Lock icon Warm reception expected for Westwood EC site
      698 24  -  But other released site at Lorong Lew Lian unlikely to be triggered soon By MINDY TAN tanmindy@sph.com.sg PROPERTY consultants agree that the executive condominium (EC) site in Westwood Avenue will be warmly received, but getting them to agree on their pricing expectations is
      Source: URA  -  698 words
    • Article, Illustration
      Lock icon Five industrial sites at Tuas, Gambas Crescent on offer
      714 26  -  $100-140 psf ppr top bids seen for Gambas sites; $75-100 psf ppr for Tuas sites By KALPANA RASHIWALA kalpana@sph.com.sg FIVE plots of land were released yesterday through the Industrial Government Land Sales Programme. Four of the sites are being offered through
      Source: JTC, URA  -  714 words
    • Article
      Lock icon Enliven your home with animal chic
      719 26 Taxidermy returning in home decor and it looks to stay WP [NEW YORK] If you poke your head into a home decor store these days, you’ll probably notice that it’s a jungle out there in more ways than one. Among popular design trends, one
      WP  -  719 words
  • Page 24 Advertisements
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      522 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WAT-ci'^ D04 HOUSE FOR SALE OCEAN DRIVE BUNGALOW Seafront living. A&A 2012 $5.6m 2-storey+ basement, 5 bdrm dining 2 maid rms gym pool. Land 9580/ *****sf. Call Ronald 9852 9055 D04 HOUSE FOR SALE SENTOSA Bunglw 3½ Storey 8159 sqft,6+1 ensuite, 2
      522 words
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      125 24 D04 APARTMENT FOR SALE REFLECTIONS AT KEPPEL BAY #20-90. Integrated Resort and Marina view. 3-bedroom. 1722 sf. $3.99M. Agent commission up to $100K. Call Owner Direct 6399 4862 D05 APARTMENT FOR SALE WHITEHAVEN Pasir Panjang. Freehold 4-bedroom Dual Key. 1152 1195 sqft. 2/ 3/ 4-bedroom Penthouse 1055-1873 sqft. From $1.2XXM.
      125 words
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      447 25 D07 APARTMENT FOR SALE DUO RESIDENCES Bugis iconic landmark. Integrated development in city. Attractive price! Mins to Bugis MRT! Call Audrey 9030 6853 D07 APARTMENT FOR SALE DUO RESIDENCES Bugis MRT. 49-storey iconic mixed development of condo, office, hotel retail. Sea/City view. From $9xxk. John, DTZ 9836 4500 www.johnokb.com D07
      447 words
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      184 25 D07 APARTMENT FOR SALE DUO RESIDENCES New launch! the heart of Bugis! 660 units from $9xxk. Developed by M+S Pte Ltd. 49 storey by Ole Scheeren. Call for show suite appointment. D08 APARTMENT FOR SALE CITY SQUARE RESIDENCES Freehold 2-bdrm. High flr. Pool view, 840sqft, Beside MRT Mall, Serious seller!
      184 words
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      Lock icon Page 25 Advertisements Column 3
      183 25 D10 APARTMENT FOR SALE 8 NAPIER Designer Home for sale!!! 8 Napier, off Botanic Gardens. 3 Bedrooms, 2013 sq.ft. From $6.5M Call now! Clifford Yap 8299 3888 JLL D10 APARTMENT FOR SALE ARDMORE PARK 15 Ardmore Park. 2885 sf, 4+1. High floor. Best Stack. Rare! Pool view. $10.3M. Tenanted. Hurry!
      183 words
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      Lock icon Page 25 Advertisements Column 4
      182 25 D10 APARTMENT FOR SALE TANGLIN HILL $5.9M Prime location! Rare Opportunity. 3315 sqft. Freehold. Mais 4-bdrms +attached maid+ balcony. Tenanted till 2015 rental $13k D10 APARTMENT FOR SALE TANGLIN PARK Freehold. Rarely available! 4+1 bdrms. Approx 1980 sqft. Quiet facing. Attractively priced!! Also for rent. Call TKE 6251 7387 D11
      182 words
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      Lock icon Page 25 Advertisements Column 5
      172 25 D15 APARTMENT FOR SALE ARISTO AMBER 2 bedrms, 641 sf, mid flr, 5 mins walk to Parkway. F’hold. Beside Chinese Swimming Club. Near ECP. $1.06M. Geri 8666 9968 D15 APARTMENT FOR SALE THE CARPMAELINA The Carpmaelina, 1927 sqft, Penthouse, pool view, well maintained. Quiet. No west sun. Paya Lebar MRT.
      172 words
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      242 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements DUO RESIDENCES ft m mm T. m a 9 9 •*s®S •V %(£> SSSSSffiS IVSSS 4lS3 ss 71 m pprovalfor sales.'Seeking indication of interest ression ShowFlat PREVIEW by appointment. Call DTZ now. QDTZ a UGL company company DTZ Property Network Pte Ltd
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      201 27 D10 HOUSE FOR RENT THIRD AVENUE D10 Good Class Bungalow. Third Avenue, Hilltop 20K sqft. 6+1. Big patio. New aircons and windows. Pool. Lush greenery. Owner 9752 6884 D11 21 HOUSE FOR RENT LORNIE 18 Cluster bungalow with home lift. Fantastic layout. Resort style. 4600sqft. 4+1+1 rms. 2-year lease. 6296
      201 words
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      246 27 D09 APARTMENT FOR RENT URBAN SUITES Urban Suites 4 bedrooms, 2002 sqft. Brand New. Partially furnished. Private lift. MRT. Immediate. $10.5K negotiable. D11 21 APARTMENT FOR RENT THE STERLING The Sterling 4+1, 1938sf, P/furn. High flr. Quiet. Pool/Greenery view. Nice Avail Dec Tina 9008 8311 D15 APARTMENT FOR SALE PEBBLE
      246 words
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      Lock icon Page 27 Advertisements Column 3
      328 27 D09 SHOP FOR SALE CAIRNHILL ROAD Shophouse Freehold Cairnhill Road. 2storey+ attic. 1790/ approx 3000 sqft. Full commercial use. No GST. Call Grace Lee 9638 8733 D11 21 SHOP FOR SALE NOVENA Royal Sq Novena. Integrated 4-in-1 Retail/ F&B/ Medical Suite/ Hotel. Day Surgery Ctr/ Imaging Ctr/ Lab facilities. Good
      328 words
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      Lock icon Page 27 Advertisements Column 4
      208 27 D23 FACTORY FOR SALE HILLVIEW TERRACE 2-Sty Inter-Terr Fty (B1)+mezzanine. 4170/ 5823 sf. 999 yrs Hillview Terr. Easy Access. Enbloc Potential. S$5M up. Desmond Kong 8388 5563 D26 FACTORY FOR SALE TAGORE LANE Closing soon! FH. 4 sty, B1 fty Tagore Lane w/ mezzanine 7600/*****sf up, ceiling hgt. Corp image,
      208 words
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      Lock icon Page 27 Advertisements Column 5
      232 27 D09 RESTAURANT FOR RENT ORCHARD VICINITY Orchard Walk-Way. Rental for High-End Cafe. Heavy traffic. Plsease call Mr Tang 9067 1019 D09 SHOP FOR RENT FAR EAST PLAZA Concourse approx 238 sqft. Suitable for Hair Extension, Manicure, Fashion. Egna 9455 5202 D12 OFFICE FOR RENT LUZERNE BUILDING 3 mins walk to
      232 words
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  • AVIATION
    • Article, Illustration
      Lock icon JAL’s net profit in H1 slips 17.8% to US$833m
      462 28 Strong yen, rising fuel costs bite into bottom line but it is bullish for full year AFP [TOKYO] Japan Airlines (JAL) said yesterday net profit for the six months to September dropped 17.8 per cent to US$833 million, as the strong
      AFP; PHOTO: BLOOMBERG  -  462 words
    • Article
      Lock icon Korean Air counter falls over affiliate funding
      241 28 Bloomberg [SINGAPORE] Korean Air Lines dropped the most in two years in Seoul trading on concerns that the company may provide further funding to its affiliate Hanjin Shipping. South Korea’s biggest carrier fell as much as 9.9 per cent, the most since September
      Bloomberg  -  241 words
    • Article
      Lock icon Much of 777X design work to be outside Seattle
      445 28 Reuters [NEW YORK] Boeing Co has decided to place a significant amount of design work for its coming 777X jetliner in cities outside the Seattle area, where the current 777 was designed and is being built, according to an internal memo
      Reuters  -  445 words
    • Article
      Lock icon TRANSPORT STOCKS
      243 28 SGX '000 Oct 31 S$ +/-Vol Ch Offshore 0.43 -0.01 14 Chuan Hup Hldg 0.29 unch 332 Oct 31 Cwt Limited 1.39 -0.01 54 First Ship Lea 0.09 unch 420 Freight Links 0.11 unch 2896 Grand Banks -0.01 Jaya Hold Ltd Chuan Hup Hldg K1Ventures 0,29 Keppel Corp
      243 words
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      1247 28 mats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices VOLUNTARY UNCONDITIONAL CASH OFFER FOR BERGER INTERNATIONAL LIMITED NOTICE TO SHAREHOLDERS OF BERGER INTERNATIONAL LIMITED Highlights of the Offer The Voluntary Unconditional Cash Offer (the “Offer”) for Berger International Limited (“Berger”) is closing at 5.30 p.m. on 8 November 2013 (the
      1,247 words
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  • Article
    Lock icon SHIPPING TIMES
    2412 29 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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      43 29 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
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      Lock icon Page 29 Advertisements Column 2
      17 29 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
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      101 30 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times Publicise Your Delivery Of Newbuilds Come publicise your Ship
      101 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3279 31 Transaction date: Oct 31 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 20 3.1 A-Sonic --AAT Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld 11.5 7 AEM
      3,279 words
    • Article
      Lock icon SGX CATALIST
      218 32 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 1.2 t Advanced System 1.2 unch 1600 1.2 1.2 1.1 1.3 19.1 Last Quote Div Gr Yld Net M Cap High
      218 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11361 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.48/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos'" 1 9673/ fM local Ccy Bond 0.976/ European Opportunities!" 1 2875/ Global Emerging Markets!" Global Opportunities/ 1.937/
      11,361 words
    • Article
      Lock icon GLOBALQUOTE
      249 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 31 Genting HK US$ US46 unch 7655 46 45 45.5 46 3028.9 Sale 304 191 TanChongInt HK302 +2 177 304 301 299 302 4.3 2.3
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    • Article
      Lock icon SGX ETF
      869 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 114.5 3 114.5 114.5 114 115.4 522.7 143 125 CIMB APAC Div 100S$D 130 129.4 130.3 114.4 99.2 CIMB APAC
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      592 33 Oct 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.01 *****.08 *****.17 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar14 *****.00 *****.00 *****.00 *****.00 12 338 MSCI TAIWAN INDEX FUTURES SPOT 297.98 299.05 297.00 Nov13 298.90 300.20 297.10 297.90 ***** *****1 Dec13 298.20
      592 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Oct 30 Index Change Change Change Change Change Change World Preliminary 1144.6 0.0 22.0 -0.2 22.1 0.0 20.6 EAFE Preliminary 933.5 0.2 20.5 0.1 19.5 0.3 18.0 Europe Preliminary 1338.1 -0.1 16.6
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 33 Oct 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.994 5.787 0.693 7.362 58.336 107.067 0.934 10.074 2.999 1.151 101.394 41.032 1.176 9.443 0.855 27.962 29.552 0.593 0.950 Canada 1.006 5.822
      471 words
    • Article
      Lock icon SIBOR
      40 33 Oct 31 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 33 Oct 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****V 02-May-14 0.28 1-Year BY*****T 31-Oct-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.86 101.90 101.90 5-Year N*****0T 0.5 01-Apr-18 99.17 99.20 99.20
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    • Article
      Lock icon PRECIOUS METALS
      133 33 Oct 31 GOLD(US$/oz) Oct 31 Oct 30 Hong Kong 1336.00 1353.00 Oct 30 Oct 29 London 1354.72 1345.81 1355.54 1346.58 Source: Thomson Reuters CAST BAR Oct 31 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120 53 5gm 341 266 10gm 609 533
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    • Article
      Lock icon PALM OIL
      57 33 Oct 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2585.0 2585.0 2630.0 2578.0 92 3082 Dec 13 2561.0 2557.0 2608.0 2559.0 1570 ***** Jan 14 2555.0 2547.0 2599.0 2547.0 ***** ***** Feb 14 2551.0 2542.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 33 Oct 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1760 1.1768 0.9494 0.9498 Canadian dollar 1.1832 1.1839 0.9556 0.9552 Euro 1.6976 1.6982 1.3705 1.3706 NZ dollar 1.0213 1.0223 0.8245 0.8251 Sterling pound 1.9844 1.9854 1.6020 1.6024
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Oct 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.203 1.146 Can dollar 1.204 1.158 Euro 1.740 1.658 Sterling pound 2.023 1.946 NZ dollar 1.046 1.006 US dollar 1.264 1.204 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 33 Oct 31 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.06 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 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
      157 words
    • Article
      Lock icon CHICAGO BOT
      109 33 Oct 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1287.50 1279.00 1292.50 1279.00 Jan 14 1276.50 1270.75 1280.50 1270.50 Mar 14 1260.75 1254.75 1265.00 1254.25 May 14 1247.00 1241.75 1252.50 1241.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • Article
      Lock icon LIFFE
      95 33 Oct 30 COCOA (£/tonne) Close Prev High Low Dec 13 1682 1690 1690 1674 Mar 14 1690 1696 1697 1681 May 14 1689 1695 1695 1681 Jul 14 1688 1693 1693 1679 COFFEE(US$/tonne) Close Prev High Low Nov 13 1488 1486 1497 1464 Jan 14 1509 1504 1511 1488
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1258 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 17.6 0.0 5 -74 57 Asia-Pacific Strategic W*****6 0.2 1 123 552 94.50 7 Ratio Albedo Limited W*****9 Price Allied Technologies W*****1 Disc Ascendas Reit MB ECW*****3 2.9
      1,258 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS Oct 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.42 0.63 WTI (Near Mth) 96.72 -1.47 Dubai (1-Mth F) 106.63 0.44 Tapis blend 115.59 -0.02 Minas 107.79 -0.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.14 0.47 Jet Kerosene 123.22 0.09 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 33 Oct 31 S$ Bid Offer 1-month 1.2387 1.2390 2-months 1.2386 1.2389 3-months 1.2386 1.2389 6-months 1.2382 1.2386 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 33 Oct-30 Oct-30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1847.25 1837.50 3 months 1893.00 1883.00 Copper, Grade A(US$/tonne) Cash 7286.75 7201.50 3 months 7290.00 7200.00 Lead(US$/tonne) Cash 2186.50 2185.25 3 months 2209.00 2205.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • executive lifestyle
    • Article, Illustration
      Lock icon Learning with the best
      1566 34  -  The latest round of Rolex’s Master and Protege Initiative a biennial programme that matchmakes veterans in the international arts world with upcoming talents in Venice saw sparks fly. JAIME EEreports EEreports JAIME EEreports jaime@sph.com.sg ZOMBIES tried to eat Margaret Atwood’s head. Gilberto Gil brought the house
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    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon Taking time-outs keep Matchbox Twenty on top
        634 35  -  By dylantan@sph.com.sg DYLAN TAN dy|antan@sph.com.sg FRONTING a successful rock band is no guarantee that you’ll enjoy the same fortunes as a solo artist. Just look at the number of albums that Mick Jagger sells when he’s not recording with his bandmates from The
        PHOTO: RANDALL SLAVI  -  634 words
      • Article, Illustration
        Lock icon Super troupers from Down Under
        572 35  -  By RACHEL LOI By rachloi@sph.com.sg WHEN John Tyrrell set up his ABBA tribute band 25 years ago, he wasn’t expecting to get to meet the members of the real ABBA much less earn their endorsement. Bjorn Again, as his band is named in a nod
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      • Article, Illustration
        Lock icon Mostly disappointing superhero sequel
        612 35  -  Thor after just two outings is looking a little uninspired, says GEOFFREY EU GEOFFREY EU HE MAY be a thoughtless lunkhead at romance keeping the interplanetary peace is a full-time distraction, after all but when an invading force wreaks mayhem and threatens to wipe out the
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      • Article, Illustration
        Lock icon Watchable and heartwarming
        513 35  -  By DYLAN TAN dylantan@sph.com.sg THE story of babies being switched at birth is a common yarn tackled by many filmmakers both on the big and small screens. With a bit of craft and originality, it can be twisted into either a comedy or drama. Japanese director-writer Hirokazu
        513 words
    • ARTS
      • Article, Illustration
        Lock icon Ambassador of the accordion
        550 36  -  By rachloi@sph.com.sg RACHEL LOI rach|oi@sph.com.sg MARTYNAS Levickis is on a one-man mission to change the world’s impression of the accordion. And to make everybody sit up and listen to what he has to say on his “squeeze-box”, the Lithuania’s Got Talent 2010 winner covered pop songs
        PHOTO: INVISION/AP  -  550 words
      • Article, Illustration
        Lock icon Brad Little stands tall in musical theatre scene
        775 36  -  Playing a popular stage role the Phantom nearly 2,400 times is remarkable, saysGEOFFREY EU saysGEOFFREY EU I T’S not his main mission in life or anything, but Brad Little stands tall in the annals of musical theatre as one among a select
        775 words
      • Article
        Lock icon A more global platform for young S’pore, M’sian choreographers
        504 36  -  Reports by CHEAH UI-HOON uihoon@sph.com.sg A DANCE collaboration with Japanese and Korean artists will be instrumental in raising the profile of young Singapore and Malaysian choreographers, believes Kuik Swee Boon, founder and artistic director of T.H.E Dance Company and the Contact
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      • Article, Illustration
        Lock icon Cross-cultural collaborations
        447 36 Wong Jyh Shyong (Malaysia) A DANCER with Taiwan’s Cloud Gate Dance Theatre from 2005 to 2009 and a recent graduate with a masters in dance from Taiwan, Wong Jyh Shyong is the artistic director of the Damansara Performing Arts Centre in Malaysia. He’ll be collaborating with Choi Myung
        PHOTOS: JAMES QUAH, BERNIE NG  -  447 words
      • Article
        Lock icon Go with an open mind to the works of these two choreographers
        457 36  -  By RACHEL LOI rachloi@sph.com.sg WHEN it comes to dance, the written word can only say so much about it. Choreographers Christina Chan and Kinsun Chan would, in fact, prefer that their audiences show up to watch their works
        457 words
      • Article, Illustration
        Lock icon China writer in exile tackles problems that affect most people
        687 37  -  SINGAPORE WRITERS FESTIVAL RACHEL LOI highlights three Asian writers whose works reflect the political milieu of their time and background. She also suggests six events with notable writers in attendance RACHEL LOI racloi@sph.com.sg NOBEL Prize winner for Literature Gao Xingjian
        687 words
      • Article, Illustration
        Lock icon Debunking myths and exposing lies
        579 37 IT took grit and gumption to spend 12 years of their lives researching the lesser-known facts about Communist revolutionary Mao Zedong. But the struggles of Chinese author Jung Chang and her British husband Jon Halliday did not end when they published Mao: The Unknown Story
        PHOTO: MAKOTO KUWATA  -  579 words
      • Article, Illustration
        Lock icon Unveiling the familiar in a strange place
        634 37 GOOD political fiction lends an intimate human dimension to the major conflicts that dominate the headlines. Kim Young-ha’s best-known novel Your Republic Is Calling You does just that for the North and South Korean conflict. Originally published in Korean in 2006 as Empire
        634 words
      • Article, Illustration
        Lock icon Six events to make time for
        309 37 ‘A Good Life in a Bad World’ Catch British philosopher A C Grayling’s lecture, “A Good Life in a Bad World”, from 2.30pm to 3.30pm tomorrow at the Drama Theatre at School of the Arts. This event is not included in the festival pass.
        309 words
      • Article, Illustration
        Lock icon Who’s afraid of Catherine Breillat?
        1059 38  -  One of the finest chroniclers of female sexuality recounts how books liberated her from a small-town upbringing. YUSOFreports SINGAPORE WRITERS FESTIVAL HELMI YUSOF helmi@sph.com.sg I F there’s one person at the Singapore Writers Festival who’s not afraid to discuss sex, it’s Catherine Breillat dubbed by
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      • Article, Illustration
        Lock icon Food and spices become her art
        518 38  -  By HELMI YUSOF helmi@sph.com.sg WHEN a chef visits a spice market, he gets ideas about what he’d like to cook. When Korean artist Haegue Yang visited Little India for the first time and saw the rich variety of ingredients, she decided to turn them
        518 words
      • Article, Illustration
        Lock icon Atomic laughs
        400 38  -  By HELMI YUSOF helmi@sph.com.sg IF Malaysia declares it is building a nuclear bomb, what would Singapore do? Stay respectfully quiet for the sake of bilateral relations? Protest strongly and get Asean and the international community to do the same? Or build its own nuke to level the field
        400 words
    • WINE
      • Article, Illustration
        Lock icon A new generation, but the same traditions
        1083 39  -  At Domaine Faiveley, the new head is also aiming higher, says NK YONG NK YONG WINE is about people. Perhaps nowhere is this better illustrated than in the D omaines of Burgundy where personal commitment by succeeding generations to the honour, reputation and
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      • Article, Illustration
        Lock icon Asian Masters returns for the fourth year
        439 39  -  By DEBBIE YONG debyong@sph.com.sg EXPECT even bigger treats when gastronomic fair, Asian Masters, returns for its fourth edition from today till Dec 7. Festival attendees will get a double indulgence this year as the event will be headlined by not one head chef
        439 words
      • Around Town
        • Article
          Lock icon Family
          250 39 A Christmas Carol, Grimm’s Fairy Tales and Red Riding Hood: Take the youngsters for a night out at the theatre with three shows lined up in the next couple of weeks. Celebrate Yuletide early with the familiar Dickens tale about a stingy man and the lessons he learns from
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        • Article
          Lock icon Theatre
          142 39 The Merchants of Bollywood: After a sold-out run in Singapore in 2010 and a successful world tour, this musical returns to the Marina Bay Sands Grand Theatre from next week. The show is loosely based on two real life people Hiralal Merchant, who did the choreography for classic Hindi
          142 words
        • Article, Illustration
          Lock icon Exhibition
          264 39  -  Compiled by RACHEL LOI rachloi@sph.com.sg Journey to the Soul Mountain: Find out more about Nobel Prize for Literature winner Gao Xingjian’s works before he makes an appearance at the upcoming Singapore Writers Festival. Journey to the Soul Mountain showcases 50 black-and-white photos taken in late 1987, when Gao was
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  • Page 39 Miscellaneous
    • Miscellaneous
      Lock icon Page 39 Miscellaneous Column 1
      321 39 CRYPTIC CROSSWORD Across 1 Predict what are opening leads effectively in quarter of hands (10) 6 Put back containers for biscuit (4) 10 Means of expressing identity on island in the Irish Sea (5) 11 One getting a grip bugs team (4,5) 12 Old fool embracing that woman it’ll all
      321 words
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