The Business Times, 4 November 2013

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, November 4, 2013
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  • 1021 1  -  Firms must submit proposal on how they intend to raise efficiency levels, set milestones By FELDA CHAY feldac@sph.com.sg [SINGAPORE] Industrialists who want their leases at JTC-owned factories renewed will have to show that they are taking serious steps to raise productivity, said
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,201.2 -4.04 KL COMP 1,810.41 -7.16 NIKKEI 225 14,201.57 +113.38 HANG SENG 23,249.79 +551.45 SET INDEX 1,429.08 -25.8 JAKARTA COMP 4,432.59 -148.26 MANILA COMP 6,585.38 +45.57 SEOUL COMP 2,039.42 +5.03 SHENZHEN B 834.23 -9.01 MUMBAI IND 21,196.81 +513.29 DOW 15,615.55 +45.27 NASDAQ 3,922.04 -21.32 S&P
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    • 22 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 14 641 TAIWAN 5.036 JAPAN CANADA KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.600 1.987 EURO (US$/S$/E) 1.354 1.682 Foreign currency per US$ S$ YEN 98.10 79.00 RM 3.171 2.552 HK$ 7.753 6.241 BAHT 31.19 25.11 RUPIAH 11,308 9,102 RENMINBI 6.099 4.909 INDIAN RUPEE 61.93 49.85 A$ 1.055 0.849 NZ$ 1.208 0.973
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  • 1341 1  -  High salaries, flexible hours, progressive culture make Silicon Valley a major draw By JACQUELYN CHEOK jaccheok@sph.com.sg [SINGAPORE] More Singaporeans have moved to Silicon Valley (SV) for work in the last decade, according to people who have worked or are working there. And while
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  • Page 1 Advertisements
    • 132 1 VIEWS FROM THE TOP All in a day’s work PAGE 10 BizIT IoT a US$14t opportunity by 2020? PAGE 28 DINING OUT A nose-to-tail philosophy PAGE 22 COO SPEAKS Rare Goldman view on US economy PAGE 5 INING OUT nose-to-tail hilosohy AGE 22 BT WEBSITES For breaking news, go to
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  • TOP STORIES
    • 690 2  -  The focus will be on implementation, not rolling out more schemes: Minister By FELDA CHAY feldac@sph.com.sg [SINGAPORE] The government will continue to focus strongly on helping SMEs here up their game. But unlike previous years, this will not be done by introducing a string
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    • 365 2  -  By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] The Republic’s most devastated penny counters of the past month found some relief on Friday, but traders cautioned that those stocks are not out of the woods yet. “The market may have said, this is it, this is
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    • 539 2 JTC factory lease renewal linked to productivity INDUSTRIALISTS who want their leases renewed at JTC-owned factories will have to show that they are taking serious steps to raise productivity, said Teo Ser Luck, Minister of State for Trade and Industry. FRONT PAGE The Valley of choice for Singapore
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    • 813 4  -  Besides office space, foreign interests are also on a hunt for a local partner By JEFFREY HUTTON in Jakarta WITH infrastructure projects and foreign investment fuelling an economic boom bigger in Jakarta than in the rest of the country, the demand for premium,
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    • 893 4  -  WALL STREET INSIGHT By ROB CURRAN US STOCKS eked out a small gain last week for the fourth straight week of increases after the Federal Reserve kept its policy unchanged. The major indexes sit on the verge of new record highs,
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    • 598 4 Bloomberg [WASHINGTON] Lenders including JPMorgan Chase Co and Citigroup Inc will have to show they can survive the demise of a trading partner or a plunge in value of high-risk business loans in the 2014 version of US stress tests. The
      Bloomberg  -  598 words
  • Page 2 Advertisements
    • 818 2 ASIA FASHION HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 4 November 2013 issued by Asia Fashion Holdings Limited (the “Circular”). NOTICE IS HEREBY GIVEN that
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    • 37 2 Spiralling rents. Escalating business costs. A manpower crunch. What is the outlook for SMEs here facing this triple whammy? Find out in The SME Magazine, which comes free with your copy of The Business Times on Wednesday.
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  • Page 3 Advertisements
    • 215 3 RICHARD MILLE A RACING MACHINE ON THE WRIST Iff,- o *7 I -r s m N v<0 V «*e o JG V Vv ft r o 0? f O ;pv e .v. ss A r 35 o ms 30 WB Si H mu IfSati-e Jiff C."v SS 0 T* 1
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  • Page 4 Advertisements
    • 125 4 PROFESSIONAL SERVICES Employer briefing for Recruitment Consultant Place and Train Programme Challenges in hiring qualified local Recruitment Consultants for your company? e2i’s Place and Train Programme can help you. s/ Widen the talent pool for the recruitment industry Raise the standards of inexperienced Recruitment Consultants, through enrolling them in a
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  • COMPANY NEWS
    • 1246 5  -  In an interview, senior exec gives his take on Fed tapering and talks about bank’s business in Asia and S’pore ops. SIOW LI SEN reports COO SPEAKS SENreports SIOW LI SENreports lisen@sph.com.sg THE US Federal Reserve is likely to begin tapering only in the
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    • 424 5  -  By SIOW LI SEN GOLDMAN Sachs partners donate part of their pay cheques to charity, and to date, they have given away US$680 million, said Gary D Cohn, Goldman Sachs president and chief operating officer. The bank has seen both corporate philanthropy and personal giving from
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    • 921 5  -  HOCK LOCK SIEW By CAI HAOXIANG haoxiang@sph.com.sg THE property rush across the Causeway in the past couple of years has seen prices in Iskandar Malaysia double or even triple. Despite talk of a bubble, investors unwilling to jump onto the buyers’ bandwagon can still take
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    • 1623 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE director activity fell last week with 18 companies that recorded 30 transactions worth $5.5 million based on filings on Singapore Exchange from Oct 28 to Nov 1. The figures were down from
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  • SINGAPORE MARKETS
    • 636 6  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent FOLLOWING last Wednesday’s Federal Open Markets Committee meeting, the word “tapering” has once again leapt to the forefront, replacing “debt ceiling” and “government shutdown” (not forgetting “fiscal cliff” and “sequestration” earlier this year) as the market’s main
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    • 534 6 Asia’s 4-week rally ends yuan, RM, baht, peso hit CURRENCIES Bloomberg [SINGAPORE] Asian currencies ended a four-week advance as US economic data fuelled speculation that the Federal Reserve will taper its stimulus sooner than economists expected. The Bloomberg-JPMorgan Asia Dollar Index slumped by the most in more than two months
      Bloomberg  -  534 words
    • 1496 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 1.75 2.00 4 10.43 14.92 1.79 1.56 Amtek Engineering Ltd 3.50 3.50 2 0.05 7.60 0.50 0.47 ARA Asset Mgt Limited 2.17
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    • 804 6 COMMODITIES AFP [LONDON] Commodity prices diverged last week as traders reacted to supply and demand movements in key consumers the US and China, and assessed the outlook for the Federal Reserve’s stimulus programme. The US Federal Reserve’s pol-icy-setting Federal Open Market Committee on
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    • 4 6 WEEKLY
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    • 73 6 Nov 1 VALUE CLOSE BT OB/OS -19.00 +80.00 BT CADI -*****.00 +82.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 746.56 +1.67 FTSE ST Small Cap 539.33 +1.49 FTSE ST All Share 778.72 -1.28 FTSE ST China Top 204.30 +0.47 FTSE ST China 232.36 +0.94 FTSE
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    • 55 6 VOLUME Sky One 912,159,000 Sunmoon 854,980,000 YHM 634,274,000 Digiland 575,450,000 Innopac 488,957,000 Blumont 463,728,000 Golden Agri 399,212,000 Albedo 349,397,000 ValueMax 305,021,000 HanKore 284,171,000 VALUE($) SingTel 312,683,470 DBS Grp 237,184,702 Golden Agri 231,603,963 OCBC Bk 215,432,030 UOB 212,532,853 ValueMax 167,570,015 Genting SP 149,532,037 Keppel Corp 115,869,621 GLP 112,810,350
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    • 118 6 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 223.6 1.2 DBXT Nifty 10US$ ***** 201.2 1.6 Lyxor Indonesia10US$ 8548 93.2 0.9 Lyxor China H 10US$ 1436 91.9 5.4 DBXT iBoxxSing 5SG$ ***** 87.0 0.7 DBXT FTChina25 10US$ 2949 87.0 2.4 Lyxor Europe 10 US$ 1517 69.6 3.8 Great Eastern
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    • 127 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -279.5 -1.7 DBXT iBoxxKR 5US$ ***** -201.2 -1.1 DBXT MSEurope 10US$ 5753 -132.9 -1.8 JMH 5415 -125.5 -1.8 JSH 3372 -111.8 -2.6 DBXT MSKorea 10US$ 6371 -103.1 -1.3 DBXT MSINDO 10us$ 1291 -95.7 -5.6 DBXT MSJAP 10US$ 4623 -95.7 -1.6 DBXT MSCHINA
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 72 7 LI v* m 4 r. m Credit Suisse introduced NEC to Lenovo. Sparks flew. Credit Suisse Credit Suisse’s ten year relationship with NEC developed from advice on corporate strategy to financing and portfolio management, culminating in the milestone merger with Lenovo. Already No.1 in their respective countries, their commitment to
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  • SINGAPORE NEWS
    • 1365 8 Payment Ex REC Pay Ann (cts) date date date date 800 Super Hldgs ak 1.000 01-Nov 05-Nov 15-Nov 28-Oct Acendas India Trust (1 Apr-30 Sep 13) ag 2.240 11-Nov 13-Nov 28-Nov 28-Oct AIMS AMP Cap (1 Jul to 30 Sep 13) ct 2.750 01-Nov 05-Nov 18-Dec 23-Oct Amtek
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    • 335 8  -  $400m sale price for five-storey complex about 9-11 above indicative price By KENNETH LIM kenlim@sph.com.sg THE majority owner of Serangoon Plaza has bought all of the five-storey Little India complex for $400 million through a collective sale process. The final sale price, equivalent to $1,946
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    • Article, Illustration
      322 8  -  By KELLY TAY kellytay@sph.com.sg Children’s Society charity movie premiere IN association with Huat Films, the Singapore Children’s Society is organising a charity movie premiere of 3 Peas in A Pod at 9 pm on Nov 11 at Golden Village VivoCity. Directed by Michelle Chong, 3 Peas in a
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    • 287 8 Nov 1 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a Barclays Bank
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    • 259 8 COMPANY MEETING PLACE DATE TIME Southern Pkg Grp E Enterprise Room Level 4 Raffles City Convention Ctr Fairmont Singapore 80 Bras Basah Road 04-Nov 3.00pm HSR Global Ltd E 3 Lorong 6 Toa Payoh #01-01 HSR Building 11-Nov 3.00pm Fraser and Neave E Level 2 Alexandra Point 438
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  • Page 8 Advertisements
    • 146 8 Working together with United Airways to reach greater heights sa-iArW V United Airways operates 3 weekly direct flights between Singapore and Dhaka with effect from k Nov 2013 As United Airways celebrates its new ascent to greater heights, SATS is proud to be a partner in this milestone of success.
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    • 21 8 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings MATS NOTICES CLA/FEB1 1/g
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1909 9  -  Investor focus might return to China this month if top leadership unveils major reforms after a meeting this week, reports CAI HAOXIANG reports CAI HAOXIANG haoxiang@sph.com.sg CHINA is the world’s secondlargest economy and descriptions of its potential are often accompanied by superlatives. With a population
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    • 913 9  -  By CAI HAOXIANG haoxiang@sph.com.sg THERE were a total of 151 companies with a combined market capitalisation of HK$4.64 trillion (S$743 billion) at the end of September. A full list can be found on the Hong Kong Stock Exchange’s website: http://www.hkex.com.hk/ eng/stat/smstat/chidimen/cd_hmb.htm Keep in mind that the actual
      PHOTO: BLOOMBERG  -  913 words
  • Page 9 Advertisements
    • 156 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • VIEWS FROM THE TOP
    • 1932 10 THIS WEEK’S TOPIC Is there a marked trend of contract employment in Singapore? What are the pros and cons of contract hiring, and how should the benefits for contract employees be packaged vis-a-vis perks for permanent staff? Lim Soon Hock Managing Director Plan-B ICAG Pte
      PHOTO: BLOOMBERG  -  1,932 words
  • Page 10 Advertisements

  • Page 11 Advertisements
    • 183 11 Read On. Move On. Get news on the move with The Straits Times All-in-One PLUS EXCLUSIVELY FOR NEW SUBSCRIBERS Your Straits Times All-in-One PLUS includes the Microsoft Surface RT In addition to reading your Print edition, you can access The Straits Times on your favourite iPad, iPhone and Android mobile
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  • MALAYSIA/INDONESIA
    • 598 12 Analysts’ 5.6% forecast is below govt’s 5.8%, but in line with BI’s target Reuters [JAKARTA] Indonesia’s annual economic growth likely slowed to its weakest in four years in the third quarter as domestic spending and exports weakened, leaving the rupiah
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    • 660 12 AFP [JAKARTA] After years of being overrun by a racketeering mafia, drug addicts and prostitutes, South-east Asia’s biggest textile market is cleaning up its act in an effort to win back droves of shoppers. Spread across several blocks in the Indonesian capital of Jakarta,
      AFP; PHOTO: AFP  -  660 words
    • 1418 12 VOL Nov 1 RM +/-(‘000) VOL Advance Synerg 0.14 -0.01 176 Adventa Bhd 1.00 unch 70 Ae Multi Hldgs 0.22 unch 378 Affin Holdings 4.28 0.02 26 Ahmad Zaki Res Abric Bhd 0.30 Alliance Finan 28 Aluminium Co 0.70 0.02 68 Amalgamated In .........unch unch 0 Amcorp Pro
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    • 510 12 He cites conflicting interest with Cosway Pharmacy [PUTRAJAYA] Vincent Tan Chee Yioun, Malaysia’s ninth richest man, plans to hive off his 20.35 per cent stake in Caring Pharmacy Group Bhd, which will be listed on the main market of Bursa
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  • Page 12 Advertisements
    • 62 12 NOVEMBER ISSUE OUT NOW! T RA-PHONE HW#T5 REVIEWED Smartphones versus Digital Camera: WHO WINS? BUILD YOUR OWN GAMING PC TOP 15 TECHNOLOGES AND MORE! IN THIS ISSUE TOP TECH IN THE LAST 15 YEARS IPHONE 5S REVIEWED GAMING NOTEBOOKS COMPARED Red Monster Gangnam Power i8,000mAh portable charger worth $199.90 with
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    • 29 12 kiSS92” Win exclusive invites to catch Shane Filan LIVE and go Flying with Filan on Singapore Flyer! Tune in to Kiss92 now! V V x I v\ JR S.
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  • GREATER CHINA/INDIA
    • 536 13 PMI for nonmanufacturing sector rises to 56.3 last month Reuters [BEIJING] Activity in China’s services sector expanded at the fastest pace in 13 months in October, offering further indications that the economy has stabilised, though activity in some important areas including new orders
      Reuters; PHOTO: BLOOMBERG  -  536 words
    • 585 13 AFP [MUMBAI] Indian shares jumped to their highest-ev-er trading level on Friday, beating the previous record set in 2008, fuelled by strong foreign fund inflows and an easing of both global and domestic economic concerns. The Bombay Stock Exchange benchmark Sensex
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    • 551 13 Bloomberg [MUMBAI] Gold purchases in India, the biggest consumer, will probably fall in this year’s festival season as import curbs reduce supplies and demand cools after surging in April, when prices slumped into a bear market. Sales of coins and bars
      Bloomberg; PHOTO: REUTERS  -  551 words
    • 725 13 WP [SHANGHAI] Chinese globetrotters seeking some Western pizazz for their wardrobes in the chic boutiques of Place Vendome in Paris or London’s Mayfair are increasingly likely to end up pondering altogether more familiar garb. Shanghai Woo, a homespun Chinese maker of
      WP  -  725 words
  • Page 13 Advertisements
    • 316 13 Are You Considering A Manpower l:JFin*-iUIWI Exercise? Rightsizing THE HRM3 ASIA VALUE PROPOSITION HRM3 Asia, with careful planning and advice on best practices, we help our clients minimize operational downtime, and mitigate legal and financial risks. We have time-tested approaches designed to provide positive benefits and reduce risks. HRM3 Asia
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  • Page 14 Advertisements
    • 1708 14 (A limited liability company incorporated in Malaysia) ABRIDGED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2013 DIRECTORS The Directors who have held office since the date of the last report and at the date of this report are as follows: Chairman YBhg Tan Sri Quek Leng Chan (Non-Executive
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  • WORLD
    • 653 15 Complacent investors in a bull market are bidding prices higher and higher NYT [NEW YORK] Investors are not worrying much about the stock market, and that worries Edward Yardeni. It is not that Mr Yardeni, an independent economist and strategist, has a gloomy
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    • 377 15 AFP [ABU DHABI] Quadruple Formula One (F1) world champion Sebastian Vettel eased to victory in the Abu Dhabi Grand Prix yesterday for his seventh successive victory and 11th of the season. The 26-year-old German led home a Red Bull 1-2
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    • 864 16 It will drive up prices at a time when food demand is expected to soar NYT [NEW YORK] Climate change will pose sharp risks to the world’s food supply in coming decades, potentially undermining crop production and driving up prices at a time when
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    • 623 16 Reu ters [NEW YORK] The possibility that the Federal Reserve will slap a surcharge on physical commodity trading by banks highlights some tricky new challenges for the US central bank as it tries to rein in Wall Street’s involvement in the raw materials supply
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    • 1199 17 Two-thirds of US$70b in projects announced since 2007 are on hold Reu ters [SAO PAULO] For Chinese investors, Brazil is no longer the promised land. After making a big push into the South American giant in search of raw materials such as
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    • 757 18 Two-year notes at regular auctions will cut reliance on short-term debt Reuters [WASHINGTON] When a political impasse last month pushed America to the brink of default, the Obama administration noted with apprehension that it had to borrow vast sums every Thursday. This
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    • 753 18 NYT [BERLIN] A German government that has for years preached austerity as the sole path to prosperity, both at home and abroad, is poised to break open its pocketbook. As Chancellor Angela Merkel, known for her insistence on fiscal rectitude,
      NYT; PHOTO: REUTERS  -  753 words
    • 567 18 Friday’s incident is latest in a raft of other industry issues Reuters [NEW YORK] Nasdaq OMX Group Inc closed its sec-ond-largest options market for much of Friday after a spike in volume hampered the exchange’s ability to accept orders and distribute quotes, the
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    • 761 18 Firms, trade groups, lawyers want study to be withdrawn Reuters [WASHINGTON] A US Treasury research report that could pave the way for tougher regulation of asset managers lacks empirical evidence to back up its claims and should be scrapped, the head of
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    • 1131 19 Lawmakers allegedly steal up to half the money allocated for local projects Reu ters [MANILA] A scandal over lawmakers’ misuse of public funds has become the biggest crisis of Philippine President Benigno Aquino’s three-year rule, tainting his carefully crafted image as a corruption fighter and
      Reuters; PHOTO: REUTERS  -  1,131 words
    • 805 19 Fed will wait till 2014 to reduce QE, economists believe Reuters [NEW YORK] Top Federal Reserve officials last week gave only modest hints as to when a massive bond-buying programme would be drawn down, with one saying they needed to wait for
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  • Page 15 Advertisements
    • 1779 15 (A limited liability company incorporated in Malaysia) CAPITAL ADEQUACY (CONTINUED) 30 June 2012 Basel II (continued) (c) The breakdown of RWA by each major risk category is as follows: The Group The Bank RM'000 RM'000 Credit risk 87,900,369 77,788,537 Market risk 3,501,182 3,300,893 Operational risk 5,344,452 4,639,177 as follows: Total
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  • Page 16 Advertisements
    • 613 16 Successful Leadership Skills for a High Performing Workplace Who should attend: Managers, Team Leaders and other general management professionals, business owners, educators, executives and anyone keen on creating a positive office environment through effective leadership and innovation. FULL-DAY WORKSHOPS Practical Innovation: Creating Engineering Effective Innovation Every successful business leader knows
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  • Page 17 Advertisements
    • 107 17 WMa ■mm m iMMl »ir n m •w I WHEN the WY •Mi S5 i? >A victim of purged Chinese leader Bo Xilai when v PAR# > ends and China's leaps ai stumbles after the Beijing OlyfflP 108 p ch Shing Huei Trace the rise and fall of Bo Xilai
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  • Page 18 Advertisements
    • 112 18 Myanmar Civil Aviation Development Conference 2014 24 26 March ***** Yangon, Myanmar To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or +65 6848 5378 Event Highlights Ministerial address by Minister ofTransport Welcome address by Director General of Myanmar Department of Civil Aviation 2 concurrent tracks: airports airlines Hear from
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  • Page 19 Advertisements
    • 1438 19 WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THURSO ADVISORY PTE. LTD. Company No. *****4698E (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act,
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  • CEOS' HAWKER GUIDE
    • 483 20  -  By FELDA CHAY felda@sph.com.sg THE Command House, off Dunearn Road, was transformed into a hawker centre of sorts for one evening late last month when more than 10 hawkers set up shop on the sprawling property that was previously the official residence of the Speaker of
      PHOTOS BY YEN MENG JIIN  -  483 words

  • AVIATION/SHIPPING
    • 717 21 Alleged graft involves officials in Argentina and Dominican Republic Reuters [SAO PAULO] US and Brazilian authorities are investigating whether Embraer SA bribed officials in Argentina and the Dominican Republic to secure deals for commercial and defence aircraft, according to legal documents obtained by
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    • 940 21 Reuters [PARIS] A row has flared up between leading planemakers over the width of tour-ist-class seats on long-dis-tance flights, setting the tone for a bitter confrontation at this month’s Dubai Airshow. The dispute focuses on the width of seats
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    • 235 21 SGX '000 Nov 01 S$ +/-Vol Ch Offshore Chuan Hup Hldg 0.28 -0.01 465 Cosco Corp 0.79 unch 968 Cwt Limited Vol First Ship Lea Freight Links Grand Banks...............0.23 unch 836 Jaya Hold Ltd -0.01 K1Ventures Cwt Limited Keppel Corp 10.90 0.05 1835 Mercator Lines...........0.12 unch 18 57
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    • 659 21 Hefty profits are in store for chemical tanker owners Reuters [LONDON] After four years in the doldrums, the specialised chemical tankers that ply the seas between the US and Asia are set to generate bumper profits for the handful of companies
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  • Page 21 Advertisements
    • 98 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEE HENG HUP KEE (PTE) LTD (In Members’ Voluntary Liquidation) Company Reg. No. *****2210W NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members
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    • 19 21 22-39% drop for several highest-priced stocks on SGX Watch-list last month To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 21 Miscellaneous
    • 332 21 CRYPTIC CROSSWORD Across 7 Bound to interrupt outburst in shabby public building (7) 8 Not a regulated port in part of Canada (7) 10 Admirer in a suit sent misguidedly around hospital (10) 11 Bout of indulgence in soldiers generally discontented (4) 12 Hear of hunting event and dance offering
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  • DINING OUT
    • 968 22  -  Unlike other Western eateries, Wolf doesn’t shy away from a path paved with beef hearts, pig’s ears or chicken livers, says JAIME EE saysJAIME EE NEW RESTAURANT Wolf 18 Gemmill Lane Tel: 6557-2224 Open for lunch and dinner Mon to Sat: 11.30am to 3pm; 6.30pm to
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    • 787 22 Savour Events returns this year with 4XFour an upscale pop-up restaurant featuring the cuisine of four award-winning international restaurants. JAIME EE profiles two chef-restaurateurs headlining the event which kicks off today IN 2011, Regina Santamaria was 25 and learning the ropes of the restaurant business from
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    • 575 22 SINCE his last visit to Singapore one-and-a-half years ago, Tom Kerridge has: kept the two Michelin stars earned by his UK gastropub The Hand and Flowers; been voted top chef of the year by AA Hospitality guide; starred in his own BBC TV cooking show;
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  • Page 22 Advertisements
    • 59 22 Sts, itigS BV> ASIA’S LARGEST' Educational Kids’ Fair 1 Join us at Asia's Largest Education Fair! Singapore Expo Hall 5 21 -23 March 2014 BOOK NOW! Limited Booths available! Me c km rv* la m k For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo
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  • SINGAPORE STOCKS
    • 3302 23 Week ended: Nov 1 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote 11.5 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 155.5xd -0.5 3265 158.5 154.5 155.5 156
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    • 294 24 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 2.4 1.2 t Advanced System 1.2 -0.1 4947 1.2 1.2 1.2 1.3 19.1 Week Last Quote Div Gr Yld Net M Cap High
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    • 120 24 Stock name Close Change CapMallsAsia 2.030 +0.010 CapitaLand 3.110 -0.010 CapitaMall 2.010 -0.010 CityDev 10.240 -0.060 ComfortDelGro 1.905 -0.020 DBS Grp 16.680 -0.060 GLP 3.080 -0.010 Genting SP 1.510 -0.015 Golden Agri 0.590 -0.010 HK Land 6.260 +0.100 Stock name Close Change HPH Trust US$ 0.730
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    • 1987 24 Transaction date: Nov 1 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 4.66 -0.04 8372 Anhui Conch 0.19 Anhuiexpresswa 4.39 0.04 1322 Asia Satellite 30.05 -0.05 8 Asm Pacific unch Avic Ihl Baiyunshan Ph Bank Of China 3.62 -0.01 *****9 Bank Of E Asia 33.40 -0.15
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    • 264 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A56.5 -2.5 16 58 56 53 62 3.6 6.2 4.6 209.2 52 31 Genting HK US$ US45 -2 ***** 47.5 44 44.5 45 2963
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 0 0 5 7 3 Manufacturing 38 117 32 6 24 9 44 141 41 Commerce 20 46 7 2 13 1 22 59 8 Tpt/Stor/Comms 14 28 2
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    • 1028 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 114 -0.5 12 114.5 114 114 115.9 520.4 143 125 CIMB APAC Div 100S$D 130 129.3 130.2 114.4 99.2 CIMB
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    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 94,501 94,501 247,664 247,664 Manufacturing 1,316,321 441,348 1,757,669 568,276 17,538 585,814 Commerce 1,949,222 674,828 2,624,050 348,956 47,458 396,414 Tpt/Stor/Comms 573,955 926,263 1,500,218 726,590 92,155 818,745 Finance 884,165 8,462 892,627 923,042 3,135 926,177 Construction 393,328 673,758
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  • Page 24 Advertisements
    • 26 24 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 577 25 Nov 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.07 *****.05 *****.41 Dec13 *****.00 *****.00 *****.00 *****.00 *****2 *****0 Mar14 *****.00 *****.00 *****.00 *****.00 5 343 MSCI TAIWAN INDEX FUTURES SPOT 299.69 299.69 295.92 Nov13 298.30 299.90 295.90 296.40 ***** *****5 Dec13 298.00
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 1 Index Change Change Change Change Change Change World Preliminary 1137.0 -0.2 21.2 -0.2 21.3 -0.5 19.2 EAFE Preliminary 928.4 -0.3 19.9 -0.8 18.0 -1.1 15.9 Europe Preliminary 1335.3 -0.2 16.4
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    • 471 25 Nov 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 5.782 0.700 7.350 58.716 107.206 0.930 10.058 3.006 1.145 101.323 41.048 1.178 9.539 0.862 27.932 29.571 0.593 0.948 Canada 1.012 5.849
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    • 38 25 Nov 1 (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.***** Source: Thomson Reuters
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    • 86 25 Nov 1 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-16 101.82 5-Year N*****0T 0.5 01-Apr-18 99.07 99.15 99.15 10-Year NX*****H
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    • 137 25 Nov 1 GOLD(US$/oz) Oct 31 Nov 01 Hong Kong 1336.00 1330.00 Nov 01 Oct 31 London 1309.29 1323.16 1310.51 1324.07 Source: Thomson Reuters CAST BAR Nov 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119 53 5gm 337 263 10gm 601 526
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    • 57 25 Nov 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2613.0 2649.0 2648.0 2611.0 83 3037 Dec 13 2600.0 2635.0 2635.0 2587.0 1891 ***** Jan 14 2593.0 2628.0 2632.0 2576.0 ***** ***** Feb 14 2589.0 2625.0
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    • 155 25 Nov 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1774 1.1782 0.9478 0.9484 Canadian dollar 1.1910 1.1918 0.9593 0.9588 Euro 1.6823 1.6826 1.3543 1.3544 NZ dollar 1.0279 1.0286 0.8275 0.8280 Sterling pound 1.9871 1.9878 1.5997 1.6001
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    • 121 25 As at 9am Nov 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.204 1.147 Can dollar 1.213 1.167 Euro 1.725 1.643 Sterling pound 2.029 1.951 NZ dollar 1.050 1.010 US dollar 1.267 1.207 Local dollars to 100 units of foreign
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    • 158 25 Nov 1 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: NA US$ 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
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    • 1272 25 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 Conv Asia-Pacific Strategic W*****6 0.2 -0.1 118 1 123 413 120.00 6 Exer Albedo Limited W*****9 Prem Allied Technologies W*****1 0.5 1 4 0 Ascendas Reit MB ECW*****3
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    • 109 25 Nov 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1266.00 1280.25 1285.25 1265.00 Jan 14 1251.50 1266.25 1271.25 1250.25 Mar 14 1237.00 1250.25 1256.50 1236.00 May 14 1228.50 1238.75 1245.00 1227.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • 95 25 Nov 1 COCOA (£/tonne) Close Prev High Low Dec 13 1695 1697 1698 1676 Mar 14 1702 1704 1705 1684 May 14 1701 1703 1704 1683 Jul 14 1700 1700 1703 1683 COFFEE(US$/tonne) Close Prev High Low Nov 13 1475 1460 1478 1427 Jan 14 1489 1482 1490 1453
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    • 70 25 CRUDE OIL PRODUCTS Oct 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.71 -0.71 WTI (Near Mth) 96.34 -0.38 Dubai (1-Mth F) 106.78 0.15 Tapis blend 115.50 -0.09 Minas 107.70 -0.09 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.33 1.19 Jet Kerosene 123.76 0.54 US$/barrel OpecOil Basket
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    • 22 25 Nov 1 S$ Bid Offer 1-month 1.2422 1.2423 2-months 1.2421 1.2422 3-months 1.2421 1.2422 6-months 1.2417 1.2419 Source: OCBC
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    • 66 25 Nov-01 Nov-01 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1799.25 1814.75 3 months 1843.00 1859.00 Copper, Grade A(US$/tonne) Cash 7236.50 7242.00 3 months 7245.00 7249.00 Lead(US$/tonne) Cash 2164.25 2160.50 3 months 2187.00 2184.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • 2421 26 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 26 Advertisements
    • 43 26 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
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    • 17 26 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
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  • Page 27 Advertisements
    • 92 27 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 THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 989 28  - IoT a US$14t opportunity by ‘20? 212b devices are likely to be connected to the Internet by 2020, sending and receiving data. Reports by AMIT ROY CHOUDHURY Reports byAMIT AMIT ROY CHOUDHURY amit@sph.com.sg [BARCELONA] IT industry leaders gathered at this trendy and high-tech Spanish city last week and pledged to
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    • 765 28  -  Maps unit has big potential and it’s adding features By VICTORIA HO WHEN Nokia sells off its handset business to Microsoft next year, it will be left with three business units, of which one major pillar is its Here-branded mapping division. Though Nokia
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    • 602 28 [BARCELONA] Recognising the need for trained IT manpower, Cisco last week, at the Internet of Things (IoT) World Forum here, announced an alliance with the New York Academy of Sciences to establish the Global STEM Alliance to bring curriculum resources, inter-genera-tional mentorship and access to
      602 words
    • 540 28  -  By VICTORIA HO THE fashion world has embraced 3D modelling software faster than expected, notes French 3D software developer Dassault Systemes. When the company launched a fashion-focused research arm, FashionLab, in late 2011 to get a headstart over the competition in the
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