The Business Times, 6 November 2013

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Microfilm: NL32873
Total Pages: 41
1 42 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, November 6, 2013
    25 words
  • Article, Illustration
    Lock icon October PMI points to stronger Q4 growth
    721 1  -  Electronics PMI also rises, to 51 in October from 50.3 in September By TEH SHI NING tshining@sph.com.sg [SINGAPORE] October’s purchasing managers’ index (PMI), the first key economic data release for the fourth quarter, has set the Singapore economy on track for a better,
    Source: Singapore Institute of Purchasing & Materials Management (SIPMM)  -  721 words
  • Article, Illustration
    Lock icon Terminal 4 a test bed for new concepts
    682 1  -  It will introduce self-service options, reduce staff needed By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Changi Airport’s Terminal 4, which broke ground yesterday, will bank on design and technology to run more productively against the backdrop of a tight labour market. The terminal, which
    Adapted from ST GRAPHICS; BT Graphics: Jonathan Goh; Source: Ministry of Transport, Changi Airport Group  -  682 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,205.54 (+1.60) GST INDEX FUTURES 3,206.00 (+3.00) GSIMSCI 369.05 (+0.36) GSIMSCI FUTURES 369.10 (+0.60) US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.597 1.983 EURO (US$/S$/€ 1.349 1.676 Foreign currency per US$ S$ YEN 98.20 79.10 RM 3.173 2.554 HK$ 7.752 6.240 BAHT 31.28 25.18 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Tuesday Change KL COMP Closed NIKKEI 225 14,225.37 +23.80 HANG SENG 23,038.95 -150.67 SET INDEX 1,415.44 +27.04 JAKARTA COMP Closed MANILA COMP 6,519.58 -23.81 SEOUL COMP 2,013.93 -11.24 SHENZHEN B 836.74 +0.51 MUMBAI IND 20,974.79 -264.57 11am EST Change DOW 15,596.03 -43.09 NASDAQ 3,933.92 -2.67
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 14.375 TAIWAN 5.036 US 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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      183 1 BUSINESS EXCELLENCE The key to securing long-term success PAGES 25-34 TRANSPORT HUB Strait Talk: Ferry owners’ fears PAGE 22 EXEC MONEY A banner year for the US stock market PAGE 42 CORPORATE RESULTS Local banks’ Q3 earnings boosted by loans growth PAGE 4 SEVEN PALMS rr dtluU jfA-K 6.32 pm
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  • TOP STORIES
    • Article
      Lock icon Kuroda paints rosy picture of Japan’s economy
      712 2  -  BOJ governor’s remarks likely to be taken as Abenomics being right on track By ANTHONY ROWLEY in Tokyo IN his first major policy speech since becoming governor of the Bank of Japan (BOJ) earlier this year, Haruhiko Kuroda yesterday laid out a bold
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    • Article, Illustration
      Lock icon Temasek appoints Wing Tai head as deputy chairman
      441 2  -  By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Wing Tai Holdings chief Cheng Wai Keung, 63, has been appointed deputy chairman of Singapore investment firm Temasek Holdings. The well-known property developer and businessman’s new appointment at Temasek took effect on Monday. He has been a
      441 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      295 2 Oct PMI points to stronger Q4 growth OCTOBER’S purchasing managers’ index has set the Singapore economy on track for a better, though not worry-free, finish to the year. FRONT PAGE Terminal 4 a test bed for new concepts CHANGI Airport’s Terminal 4, which broke ground yesterday, will bank
      295 words
    • Article
      Lock icon Local banks’ Q3 earnings boosted by loans growth
      849 4  -  Year on year, DBS’ total loans grow 19%, OCBC’s 16% and UOB’s 15.8% By SIOW LI SEN By lisen@sph.com.sg [SINGAPORE] The three local banks posted a strong set of third-quarter earnings from robust core lending business, despite a volatile September which elicited
      849 words
    • Article
      Lock icon Fare review committee proposes more concessions
      685 4  -  Schemes suggested for the disabled and low-wage workers By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The Fare Review Mechanism Committee (FRMC) has recommended more concessions and better monitoring of fare affordability in its report on public transport fares. The report, which was submitted to the Ministry
      685 words
    • Article
      Lock icon J&J to pay US$2.2b in fines for improper marketing of drug
      534 4 Firm acknowledges it promoted anti-psychotic drug for unapproved uses NYT [NEW YORK] Johnson Johnson has agreed to pay more than US$2.2 billion in criminal and civil fines to settle accusations that it improperly promoted the anti-psychotic drug Risperdal to
      NYT  -  534 words
    • Article
      Lock icon StarHub goes into public service broadcasts
      460 4  -  More original local content with MDA providing up to $6m By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] StarHub is set to expand its offering of original local content with its entry into the public service broadcast (PSB) arena. The pay-TV operator will produce up to 100
      460 words
    • Article, Illustration
      Lock icon Low-cost Indian mission to Mars blasts off
      245 4 Reuters [NEW DELHI] India launched its first rocket to Mars yesterday, aiming to reach the red planet at a much lower cost than successful missions by other nations, positioning the emerging Asian giant as a budget player in the latest global space race.
      Reuters; PHOTO: AFP  -  245 words
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      92 2 1* 4 1 v. THE BRUNCH at Tke Waterfall Indulge in an array of jiremiwm. seafood. Sip on kerb-inspired cocktails using ingredients/rom our garden. Be entertained by sootking 'live' entertainment/or a memorable afternoon. Enjoy THE BRUNCH Jrom 12pm to 4pm on Sundays. Pricedjrom $n8 per person. DBS/POSB Cardmembers will enjoy
      92 words
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  • COMPANY NEWS
    • Article
      Lock icon UOB’s Q3 profit rises 3.3%
      635 5  -  Bank confident of achieving low to mid-teens loans growth for 2013 By lisen@sph.com.sg SIOW Ll SEN lisen@sph.com.sg UNITED Overseas Bank (UOB) yesterday recorded a better than expected thirdquarter net profit of $730 million, up 3.3 per cent year on year, driven by loans growth and
      635 words
    • Article, Illustration
      Lock icon Viking jumps on plans to enter rig business
      251 5  -  By msingh@sph.com.sg MALMINDERJIT SINGH msingh@sph.com.sg INVESTORS yesterday gave a nod of approval to Viking Offshore Marine’s plans to enter the mainstream offshore rig-building and rigcharter market. The group was the top stock traded on Singapore Exchange yesterday in terms of volume and
      Source: Bloomberg  -  251 words
    • Article
      Lock icon SembMarine Q3 net up 12.3%
      301 5  -  By MALMINDERJIT SINGH msingh@sph.com.sg SEMBCORP Marine posted a 12.3 per cent year-on-year rise in its third-quar-ter net profit to $129.7 million from $115.5 million, thanks to a higher operating profit and foreign exchange gain. Turnover for the three months ended Sept 30 surged 86 per
      301 words
    • Article
      Lock icon SATS Q2 profit down 3.2%
      451 5  -  Lower operating expenditure but revenue falls more By JOYCE HOOI joyceh@sph.com.sg SATS Ltd posted a 3.2 per cent decrease in net profit to $48.7 million for the second quarter ended Sept 30, 2013, as a fall in revenue outpaced a decline in operating expenditure. Revenue
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    • Article
      Lock icon BROKERS’ TAKE
      677 7  -  Compiled by JOYCE HOOI Genting Singapore Nov 5 close: $1.53 CIMB Research, Nov 5 WE maintain our “underperform” rating (target price: $1.17) as we are still expecting de-rating catalysts from potential disappointing VIP gross gaming revenue (GGR) numbers, which remain volatile. Adjusting for $40 million in one-off property-assessment
      677 words
    • Article
      Lock icon October securities trading slows on penny stock saga
      563 7  -  Derivatives trading and clearing activities grow year on year By leemx@sph.com.sg LEE MEIXIAN |eemx@sph.com.sg THE Singapore Exchange’s (SGX) securities trading slowed in October in the wake of the penny stock saga and the Federal Reserve’s non-taper decision. But derivatives trading and clearing
      563 words
    • Article
      Lock icon JES investing in Xinjiang mining firm
      410 7  -  By ANDREA SOH sandrea@sph.com.sg LOSS-MAKING Chinese shipbuilder JES International is buying up to 30 per cent of a mining exploration firm in Xinjiang, China, in a bid to diversify its earnings stream. The firm is investing $127 million or 89.15 per cent of its
      410 words
    • Article
      Lock icon Cosco Q3 profit slides 84% to $4.2m
      380 8  -  Lower contributions from its dry bulk shipping and shipyard ops cited By MALMINDERJIT SINGH msingh@sph.com.sg COSCO Corporation (Singapore) posted an 84 per cent decline to $4.2 million in its third-quarter net profit attributable to shareholders. This resulted from lower contributions from its dry
      380 words
    • Article
      Lock icon BBR cautious despite Q3 profit jump
      317 8  -  By KENNETH LIM kenlim@sph.com.sg CONSTRUCTION and development group BBR Holdings said third-quarter net profit more than trebled on a busy construction schedule, but warned of a challenging year ahead. It posted net profit attributable to shareholders of $8.4 million, or 2.73 cents per share,
      317 words
    • Article
      Lock icon PCRT Q3 DPU down 2.1% at 0.95 cent
      384 8  -  By MINDY TAN tanmindy@sph.com.sg PERENNIAL China Retail Trust (PCRT) saw distribution per unit (DPU) dip 2.1 per cent to 0.95 cent for the third quarter ended September, from 0.97 cent the previous year. The amount available for distribution remained unchanged, at $10.9
      384 words
    • Article
      Lock icon Falcon’s Q2 net soars on one-off disposal income
      515 8  -  Sale of two jack-up rigs made up almost 70% of revenue By ANDREA SOH sandrea@sph.com.sg THANKS to a dramatic boost to revenue from the disposal of two jack-up rigs, Falcon Energy posted a second-quarter net profit of US$38.9 million, against just US$1.9
      515 words
    • Article
      Lock icon Chip Eng Seng Q3 net profit falls 10% to $27.2m
      358 8  -  By CAI HAOXIANG haoxiang@sph.com.sg CONSTRUCTION group Chip Eng Seng yesterday reported a net profit of $27.2 million for its third quarter ended Sept 30, down 10 per cent from $30.3 million a year ago. Revenue was down 65.8 per cent
      358 words
    • Article
      Lock icon Mencast Q3 net up 44%
      128 8  -  By CARINE LEE carinel@sph.com.sg MENCAST Holdings Ltd yesterday said that its net profit for the third quarter ended Sept 30, 2013 rose 44 per cent year on year to $1.59 million, on an 18 per cent rise in turnover to $25.6 million. Earnings per share
      128 words
    • Article
      Lock icon OUEHT DPU at 1.24 cents, above forecast
      296 8  -  By FELDA CHAY By feldac@sph.com.sg OUE Hospitality Trust’s maiden distribution per unit (DPU) was 1.24 cents, 2.5 per cent higher than the 1.21 cents it had forecast, aided by higher revenue from Mandarin Orchard and Mandarin Gallery. This is for the period from
      296 words
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      Lock icon Page 5 Advertisements Column 1
      63 5 Credit Suisse helped Lenovo launch space station technology in Brazil. Credit Suisse &=s 4 4 7 v-'.r By facilitating the acquisition of CCE, Brazil’s largest domestic electronics manufacturer, Credit Suisse has helped Lenovo gain a foothold in the world’s third fastest growing economy. Even for the company that puts computers
      63 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon It’s still ‘risk on’ for blue chips
      594 6  -  ST Index stays in positive territory as traders count on the continuation of QE STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent Traders in this part of the world are maintaining their “risk on” bet which is based on the US Federal Reserve continuing its
      Source: Bloomberg  -  594 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Nov 5 VALUE CLOSE BT OB/OS -323.00 -73.00 BT CADI -*****.00 +11.00 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 743.02 -1.40 FTSE ST Small Cap 538.29 +0.29 FTSE ST All Share 778.77 +0.08 FTSE ST China Top 203.73 +0.72 FTSE ST China 231.77 +0.68 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Viking 265,618,000 Sunmoon 169,349,000 Blumont 83,608,000 Sky One 76,531,000 YHM 69,695,000 YHM W*****3 65,873,000 CNA 61,500,000 JES 59,954,000 Digiland 58,949,000 Innopac 47,665,000 VALUE($) Genting SP 59,220,940 Noble Grp 48,912,085 DBS Grp 45,235,200 SingTel 40,522,470 Viking 32,085,093 GLP 30,064,480 HPH Trust US$ 27,197,552 SuntecReit 27,050,625 CapitaLand 24,085,410
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 3 0 0 0 4 7 3 Manufacturing 50 37 38 8 6 4 58 43 42 Commerce 17 23 18 5 5 3 22 28 21 Tpt/Stor/Comms 16 12 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 5,853 5,853 23,966 23,966 Manufacturing 239,965 25,980 265,945 96,548 573 97,120 Commerce 391,251 349,234 740,485 107,661 37,730 145,390 Tpt/Stor/Comms 125,091 79,158 204,249 135,077 14,458 149,535 Finance 59,395 505 59,900 90,757 183 90,940 Construction 31,266 71,600
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 2.030 +0.010 CapitaLand 3.090 -0.030 CapitaMall 1.985 -0.015 CityDev 10.20 +0.060 ComfortDelGro 1.910 +0.005 DBS Grp 16.86 +0.090 GLP 3.080 -0.010 Genting SP 1.530 +0.015 Golden Agri 0.580 +0.005 HK Land 6.230 +0.010 HPH Trust US$ 0.725 JMH 54.16 -0.400 JSH
      115 words
    • Article, Illustration
      Lock icon Yen rises on Europe growth concern
      461 6 CURRENCIES Bloomberg [LONDON] The yen yesterday rose to the strongest level in three weeks against the euro as stocks fell in Europe and the European Union cut its growth forecasts, spurring demand for Japan’s currency as a haven. The yen appreciated against all except
      Bloomberg; PHOTO: BLOOMBERG  -  461 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 272.0 1.3 DBXT FTVietnam 10US$ 2401 58.4 2.0 DBXT MSCHINA 10US$ 1242 26.1 1.7 IS ASIA HYG100US$ 1082 21.1 1.6 Jardine C&C 3668 20.0 0.5 DBS Grp 1686 9.0 0.5 Haw Par Corp 758 9.0 1.2 CIMBASEAN40 100S$D 1329 7.0
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    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 6318 -65.8 -0.8 DBXT MSTHAI 10US$ 2023 -49.7 -1.9 GLD 10US$ ***** -49.7 -0.3 JMH 5416 -49.7 -0.7 JSH 3344 -44.7 -1.1 Hyflux 6% CPS 10 ***** -40.0 -0.4 DairyFarm 1119 -14.9 -1.1 Wing Tai 206 -12.0 -5.5 DBXT FTChina25 10US$ 2940
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      128 words
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      80 7 your body and your appetite for shoppin Feed your mind G. i •*«tt '1 n 3 vv 0 ES0 VyrroHovit j-iriuuiiui ii Boarding pass Discover yourself in Korea Treat yourself to mouthwatering dishes, soul-searching serenity, and shop-till-you-drop therapy. And by showing your Korean Air boarding pass, you’ll get discounts in
      80 words
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      153 8 Growell Scientifically Proven Treatment for HAIR LOSS Growell contains Minoxidil, the scientifically proven topical medical ingredient which helps to: rejuvenate hair follicles stimulate hair growth maintain new hair stop additional hair loss GROWELL is suitable for both men and women. Growell is an economical, affordable and effective treatment for hair
      153 words
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      670 9 A i IB fa A: jgp" uimiiB 1 s A A tDI-i llWi a nnfi^ A V a.v t a The ll'i By next year. 41 percent of enterprises are projected to have substantially implemented cloud technology into their practices —up from 13 percent in 2011. I M Only 16percent
      670 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Sentosa condo prices attractive: Colliers
      913 10  -  Gap with 99-year mainland properties narrows in both prime, mass markets By KALPANA RASHIWALA kalpana@sph.com.sg A WINDOW of opportunity has opened for buyers in the Sentosa Cove condo market as prices in the upscale waterfront housing district are now attractive relative to both the highend
      Source: URA/Colliers International Singapore Research  -  913 words
    • Article, Illustration
      Lock icon Online newspapers make headway
      459 10  -  12% of adults here read papers on mobile devices By VIVIEN SHIAO vshiao@sph.com.sg MOBILE readership is gaining ground, with local newspapers’ digital editions growing in popularity with the 30-44 year olds. According to the 2013 Nielsen Singapore Media Index Report, the overall proportion of adults in
      Source: Nielsen  -  459 words
    • Article, Illustration
      Lock icon NTU sets up $60m centre for nanomedicine research
      445 10  -  By NISHA RAMCHANDANI By nishar@sph.com.sg NANYANG Technological University (NTU) is setting up a $60 million research institute in nanomedicine, making it South-east Asia’s first such facility to focus on developing new solutions and improving existing methods of drug delivery to tackle diseases.
      445 words
    • Article
      Lock icon CFOs have big say in vital IT purchases: survey
      462 10  -  By AMIT ROY CHOUDHURY amit@sph.com.sg WITH technology playing a more central role in business planning and execution, thanks to trends such as cloud computing and mo- bile workforces, the role of the chief information officer (CIO) has been evolving into that
      462 words
    • Article
      Lock icon PICTET
      273 10 Pictet-Absl Rtn Glo Cons-P EUR 31/10/2013 EUR 100,97 Pictet-Absl Rtn Glo Div-P EUR 31/10/2013 EUR 113,31 Pictet-Asian Equities Ex Japan-P USD 31/10/2013 USD 183,95 Pictet-Asian Local Currency Debt-P USD 31/10/2013 USD 147,54 Pictet-Biotech-P USD 31/10/2013 USD 505,27 Pictet-Clean Energy-P USD 31/10/2013 USD 80,23 Pictet-Digital Communication-P USD 31/10/2013 USD 192,30
      273 words
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      41 10 WORLD FINANCE INSURANCE AWARDS 2 0 13 QBE Singapore has been awarded the “World Finance Best Non Life Insurance Company, Singapore” Award 2013! QBE would like to thank our business partners for making this possible and for their continuous support! QBE
      41 words
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      383 11 Sembmarine Integrated Yard Tuas (Phase i) Official Opening by Prime Minister Lee Hsien Loong on 6 November 2013 -N cc The Sembmarine Integrated Yard Tuas is an apt symbol of our growth and expansion and it is timely that its launch comes during our 50th anniversary. This next generation yard
      383 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon UK sukuk seen boosting Islamic finance sector
      521 12 Bankers say pound issue would diversify funding base, expand asset class [KUALA LUMPUR] Britain’s decision to issue its sovereign sukuk priced at £200 million (S$398 million) is seen as a positive step towards the internationalisation of the Islamic finance industry. Currently, most of
      PHOTO: BLOOMBERG  -  521 words
    • Article
      Lock icon Bumi seeks to complete Bakrie deal by year-end
      510 12 Bloomberg [JAKARTA] Bumi plc, the Indonesian coal producer at the centre of an ownership dispute, is seeking to complete a planned US$501 million separation from founding investors the Bakrie Group by the end of the year. “We are finalising the key documents
      Bloomberg  -  510 words
    • Article
      Lock icon Sumitomo bullish over aluminium demand
      272 12 Reuters [TOKYO] Japanese trading house Sumitomo Corp is to invest an additional US$140 million in an aluminium smelting project with Malaysia’s biggest aluminium maker, Press Metal Bhd (PMB), in Borneo to tap the growing demand in Asia. Demand for aluminium has grown steadily, spurred by
      Reuters  -  272 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Li: China needs 7.2% growth for job creation
      454 13 Premier warns a sharp drop in exports will hurt employment Reuters [BEIJING] China needs to sustain economic growth of 7.2 per cent to ensure a stable job market, says Premier Li Keqiang. According to official calculation, the world’s sec-ond-largest economy needs to
      Reuters  -  454 words
    • Article
      Lock icon China’s services industry growth picks up in Oct
      319 13 New business growth at 7-month high: HSBC survey Reuters [BEIJING] Growth in China’s services industry edged up last month, a private survey showed yesterday, offering further indication that the economy has stabilised in the run-up to a key party reform meeting. The
      Reuters  -  319 words
    • Article
      Lock icon China orders local leaders to cut industry bloat
      297 13 AP [BEIJING] Chinese leaders have ordered local officials to stop expanding industries such as steel and cement in which supply outstrips demand, a Cabinet statement said yesterday, in a sign previous orders to cut overcapacity were ignored. Beijing has been trying since
      AP  -  297 words
    • Article
      Lock icon Chinese banks’ borrowing costs climb at fastest pace in 2 years
      289 13 Bloomberg [BEIJING] Chinese banks’ borrowing costs are climbing at the fastest pace in two years as competition for deposits hurts earnings at a time of increasing bad loans. The extra yield that investors demand to hold five-year “AAA” bank
      Bloomberg  -  289 words
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      321 13 HELPING EMPLOYERS THROUGH THE WAGE CREDIT SCHEME (WCS) r-y\ ■7 i f m If QE The Government has introduced the Wage Credit Scheme to help businesses which may face rising wage costs in a tight labour market. This will allow businesses to free up resources to make investments in productivity,
      321 words
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  • WORLD
    • Article
      Lock icon EU to look into Germany’s trade surplus
      423 14 Current-account surplus seen hitting 7% of output in ‘13 Bloomberg [BERLIN] The European Union threatened a probe of Germany’s trade surplus, adding to criticism from the US and the International Monetary Fund that the German reliance on exports is hindering Europe’s economic recovery.
      Bloomberg  -  423 words
    • Article, Illustration
      Lock icon Thailand Senate set to reject amnesty law
      496 14 Bloomberg [BANGKOK] Thailand’s Senate plans to reject a proposed amnesty law for political offences when it meets from Nov 11, after thousands of people joined protests across the country on Monday to oppose the legislation. The government, which has said the law would
      Bloomberg; PHOTO: AP  -  496 words
    • Article
      Lock icon EU cuts GDP forecast for next year
      643 14 Growth now expected at 1.1%, from 1.2% forecast in May Bloomberg [BRUSSELS] The European Union trimmed its forecast for euro-area growth next year and raised its unemployment estimate as the economy struggled to regain momentum after a record-long recession. Gross domestic product (GDP)
      Bloomberg  -  643 words
    • Article
      Lock icon Barclays to fire 1/3 of UK private bankers
      306 14 Bloomberg [GENEVA] Barclays, Britain’s sec-ond-biggest bank by assets, plans to fire almost 100 UK private bankers as it cuts costs in its wealth-manage-ment unit. Barclays will reduce the number of relationship managers to about 180 from 275, Will Bowen, a spokesman for
      Bloomberg  -  306 words
    • Article
      Lock icon Service industries expanded faster than forecast in October
      465 14 LATEST US DATA Bloomberg [WASHINGTON] Service industries in the US expanded last month at a faster pace than forecast, showing that the biggest part of the economy was holding up as the federal government shut down. The Institute for Supply Management’s non-manu-facturing
      Bloomberg  -  465 words
    • Article, Illustration
      Lock icon SAC to plead guilty to insider trading, pay US$1.2b fine
      634 15 But Steven Cohen escapes being charged with any criminal wrongdoing Reuters [NEW YORK] Steven A Cohen faces an abrupt end to his career as one of the world’s most successful traders after his SAC Capital Advisors became the largest Wall
      Reuters; PHOTO: REUTERS  -  634 words
    • Article, Illustration
      Lock icon Wealth of world’s top 100 billionaires up US$200b
      524 15 Facebook co-founder Mark Zuckerberg is the biggest gainer Bloomberg [NEW YORK] This year’s top 100 billionaires own discount supermarkets and luxury brands, oil refineries and cement factories. They span the decades from millennial Mark Zuckerberg to 93-year-old Karl Albrecht. This diverse bunch
      Bloomberg  -  524 words
    • Article
      Lock icon US Fed in no rush to cut bond buys
      566 15 Fed seen to prop up economy, financial markets for a while Reuters [SAN FRANCISCO] The Federal Reserve should scale back its asset purchases only when the US economy shows clearer signs of improvement and even then it should act slowly, a
      Reuters  -  566 words
    • Article, Illustration
      Lock icon Twitter raises IPO range by 25% amid demand
      807 16 Price range now US$23-25 per share; books will close one day earlier Reuters [NEW YORK] Twitter Inc raised the top end of its initial public offering (IPO) price range by 25 per cent and will close its books a day early, signalling
      Reuters; PHOTO: BLOOMBERG  -  807 words
    • Article
      Lock icon 1 in 2 adult Twitter users in US gets news from that medium
      292 16 Reuters [NEW YORK] About half of all adult Twitter users in the United States said that they get news through the social media platform, mainly on mobile devices, according to a new survey. The report by the
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      Lock icon Australian central bank keeps interest rate at record low
      319 16 It says full effect of earlier rate cuts ‘still coming through’ AFP [SYDNEY] Australia’s central bank held interest rates at their record 2.5 per cent low yesterday, with previous cuts starting to impact non-mining sectors of the economy. The Reserve Bank
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      Lock icon Rally in Asian markets runs out of gas
      819 17 Investors are not satisfied with region’s recovery, corporate earnings Reuters [SINGAPORE] Investors’ appetite for emerging Asia stocks, bonds and currencies is spent, and for reasons that go beyond the overriding question of when and how the US Federal Reserve will reverse its
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      Lock icon Unofficial N Korean won market thriving
      677 17 Black market rates being used more often and openly Reuters [SEOUL] In a dimly-lit Pyongyang toyshop packed with Mickey Mouse picture frames and plastic handguns, a basketball sells for 46,000 Korean People’s Won close to US$500 at North Korea’s centrally planned exchange rate. Luckily,
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      113 14 Wine, Dine Hospitality Highlights Spanish Bar Restaurant VIVOCITY I TAKASHIMAYA SC I SANUR BALI m i. ft NGEE ANN CITY TAKASHIMAYA S.C. SINGAPORE SERENITY SPANISH RESTAURANT 391 Orchard Road, #05-32 Ngee Ann City Takashimaya S.C., Singapore *****2 Reservation Tel: 6235 9989 Open Daily 11.30am to 10pm VIVOCITY HARBOURFRONT SINGAPORE SERENITY
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      201 15 th Birthday Pleasures m re celebrates our 5 t1 birthday with a spectacular repertoire of our Greatest Hits. Join us on a gastronomic journey of our Top 10 favourites such as Corn Fei Paste and Award-winning Char Kway Teov amongst many others. '6 Available from 7 October to 30 November
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      673 16 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices INDIABULLS PROPERTIES INVESTMENT TRUST (a Business Trust constituted on 7 May 2008 under the laws of the Republic of Singapore) Managed by Indiabulls Property ManagementTrustee Pte. Ltd. (as Trustee-Manager of Indiabulls Properties Investment Trust) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE
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      95 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PLC SCAFFOLDING PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****7281W) NOTICE OF MEMBER’S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on 23
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      458 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WATERFRONT PROPERTIES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****3332Z) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Waterfront Properties Pte. Ltd. duly convened and held on the 29th day of October 2013,
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      180 16 S WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ASAHI TECHNO VISION (SINGAPORE) PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1297M) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50)
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      293 16 United Industrial Corporation Limited (Co. Reg. No. *****0181E) (Incorporated in the Republic of Singapore) Lost Certificates Application has been made to the Directors of the abovenamed Company to issue duplicate certificate in place of the following certificates which have been reported lost or destroyed:Certificate No(s). Name No. of Shares *****99H
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      2830 17 DATAPULSE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****2677D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the thirty-third annual general meeting of Datapulse Technology Limited (the "Company") will be held at Furama Riverfront. Venus 1, Level 3, 405 Havelock Road, Singapore *****3 on
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  • EDITORIAL & OPINION
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      Lock icon Africa spells opportunities for Singapore Inc
      453 18 EDITORIAL IF Asia was the great investment opportunity of the last 20 years, a growing number of investors believe that the star performer of the next decade will be Africa. The one-time “dark continent” is now starting to glow. The World Bank projects that
      453 words
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      Lock icon Spectre of military coup hangs over Aquino
      779 18  -  THE BOTTOM LINE AL LABITA The writer is a Manila-based contributor to BT IS a coup d’etat against Philippine President Benigno Aquino in the works? Now that some officers in the military have made known their stand on Mr Aquino’s alleged anomalous disbursement
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      Lock icon Beijing must work to shed ‘Greyjing’ image
      936 18  -  To prevent air pollution, China should curb coal use and make transition to natural gas WILLIAM PESEK The writer is a Bloomberg View columnist Bloomberg WALKING through Beijing’s Tiananmen Square last week, a German family of five surrounded me, all wearing large face
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      Lock icon The tricky business of succession
      840 19  -  Successful family-run firms strike a balance between professionalising management and harmonising family dynamics By NEO SING HWEE The writer is advisory partner at Ernst Young Advisory, Singapore Succession planning can ill afford to be an afterthought in familyowned businesses, given the complexity of talent management
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      542 19  -  By PHILIP GREEN The writer has been Australia’s High Commissioner to Singapore since November 2012. He has extensive experience as a diplomat in Africa, having previously served as High Commissioner in South Africa (with accreditation to Namibia, Botswana, Lesotho and Swaziland),
      542 words
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      Lock icon Greenspan’s book fails to live up to his fame
      851 19  -  By J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research Project Syndicate THE first
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      252 20 / 21 At Keppel Land, we see buildings as more than just plain boxes We call this ‘Thinking Unboxed’. Keppel Land Thinking Unboxed 1 TM m o R a ffT 'H -> Sr-- MUM -L- -.aan llg a 1,1 r J r«JN f y r J run u( i ML«iUM.jMauwiaii. 4.* uMU
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  • Transport HUB
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      Lock icon Ferry owners’ fears
      715 22  -  Design takes care of some aspects of safety but much still depends on the human factor STRAIT TALK By DAVID HUGHES THE ferry industry was initially slow to realise the implications of the new environmental regulations while they were being developed by the International Maritime Organisation (IMO).
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      Lock icon PSA set to make Yangtze Delta debut
      280 22  -  It forms venture with Lianyungang Port Group By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Port operator PSA International will form a joint venture to run Lianyungang Port in China’s Yangtze River Delta, the government-linked company announced yesterday. PSA said that it had inked a deal
      280 words
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      Lock icon Pirates’ share of loot – just 1-2.5%
      198 22 Pirates’ share of loot just 1-2.5% Bloomberg [WASHINGTON] Pirates off the Horn of Africa pocket as little as one to 2.5 per cent of ransom money collected, which they tend to spend on alcohol, expensive cars and prostitutes, while financiers keep as much as three-quarters of the loot. A 129-page
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      Lock icon TRANSPORT STOCKS
      252 22 SGX '000 Nov 05 S$ +/-Vol Ch Offshore 0.44 unch 310 Chuan Hup Hldg 0.26 -0.01 48 Cosco Corp 0.79 0.01 1254 Cwt Limited...............1.40 unch 20 Ezra Hldgs 1.34 0.02 7598 First Ship Lea 0.08 unch 220 Freight Links 0.11 unch 6990 Grand Banks 0.23 0.01 601 Jaya
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    • TRANSPORT HUB: AVIATION
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        Lock icon Closing gap on air travel shopping
        740 23  -  Iata working to bridge divide between services offered by airlines and those by travel agents COMMENTARY By ERIC LEOPOLD The writer is director of financial and distribution services transformation at the International Air Transport Association SHOPPING for air travel is changing. Air travel has
        740 words
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        Lock icon Tipping point in American, US Airways merger?
        679 23 Reuters [WASHINGTON] The US Justice Department wants US Airways and American Airlines to divest landing and take-off slots at Reagan National and other US airports in return for dropping its efforts to block a proposed merger, the attorney general said on Monday, sending
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        Lock icon EU proposes to keep jet fuel imports duty-free
        288 23 Reuters [BRUSSELS] Jet fuel imports into the European Union will remain duty-free for the foreseeable future under a proposal made on Monday by the European Commission, which had been expected to impose a tariff. Europe’s aviation sector, fuel traders and oil producers
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        Lock icon Boeing in talks to make its new jet near Seattle
        832 23 Final assembly of 777X likely to be at firm’s Everett plant Reuters [WASHINGTON] Boeing is in advanced talks with its machinists’ union to assemble the company’s new 777X jet and build its wings in the Seattle area, several people familiar
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    • TRANSPORT HUB: LAND
      • Article
        Lock icon Beijing to cut new vehicle licence plates: report
        307 24 Bloomberg [SHANGHAI] China’s capital will reduce the number of new passenger vehicles allowed on the city’s roads by 38 per cent next year as part of efforts to ease pollution and traffic congestion, according to the Beijing Daily. Beijing will cut the
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        Lock icon Jaguar success helps Tata Motors’ financing
        773 24 Sales of the luxury vehicle boost profit as revenue from domestic brands fall Bloomberg [MUMBAI] Tata Motors Ltd is cashing in on the success of its Jaguar Land Rover (JLR) unit to borrow dollars as it refinances in the face of sliding domestic sales.
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      • Article
        Lock icon Sales of car black boxes growing in South Korea
        477 24 Bloomberg [SEOUL] In the world of the wired, South Koreans rule: millions got hooked on social networking years before Facebook; their mobile phones went broadband first; and Internet connections are faster than anyplace on the planet. Now, they’re going pedal to
        Bloomberg  -  477 words
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      32 22 The latest jobs,hot off the grill. 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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      105 22 TrIplfTreTs SHARE BRINGS YOU TRIPLE TREATS THIS HALLOWEEN. GET TO ENJOY ALL TRIPLE TREATS WHEN YOU SIGN UP/RENEW YOUR MEMBERSHIP PLANS*. ,S° OFF 6% OFF WEBPR0 .ovnamictachaR 1 6% OFF TALK MONEY BOOK dynamic ta charts :Ss£est. mates CONSENSUS ’eSTIMATES (MALAYSIA) 6 OFF STATI&h •it j. r Abv! http://notice.sharcinvcstor.coin/tripletrcats L
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      55 22 16 18 July 2014 Manna Bay Sands, Singapore w r ASIA www.OfficExpoAsia.com 1 I Be involved. Exhibit with Us. Email: OEA@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Fax: (65) 6848
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  • Page 23 Miscellaneous
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      281 23 CRYPTIC CROSSWORD Across 7 Decline Academy’s opening award (7) 8 Spun news for the audience (7) 10 Concluded being taken in by bounder’s too demeaning (10) 11 Country’s military acted largely independently initially (4) 12 Judge again almost remains putting innocent fools inside (8) 14 Two characters or six from
      281 words
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      95 24 mssSr -ii COMPIfTE’ *«a P *RTY ENDS A <5 sc WHEN A THE parH ends China’s leaps*' ld s tnmbks after the Beijing Olyn'Ple’s Peb Shing Hue' A Chinese government researcher Read about the rise of China after the 2008 Beijing Olympics in this new book about the aspiring superpower’s
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  • BUSINESS EXCELLENCE
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      Lock icon Securing long-term success
      764 25  -  Sustainability has emerged as a key issue for firms that are aiming to excel in business.KAN KWOK LEONGreports LEONGreports business.KAN KWOK LEONGreports AS the business landscape becomes increasingly volatile, and more Singapore companies venture abroad in search of growth, adopting good management practices has become even more
      764 words
    • Article
      Lock icon Taking the honours
      197 25 SIX organisations have won top honours for their success in the pursuit of business excellence this year. Four of this year’s Business Excellence Awards winners are from the private sector, while two are from the public sector. They received the awards from Teo Chee Hean, Deputy Prime
      197 words
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      Lock icon Taking it to the next level
      791 26 The Business Excellence initiative helps to bring together an organisation’s people, resources and strengths for better results THE Business Excellence (BE) initiative helps organisations put in place robust management practices, processes and value systems to achieve better results. Through BE, organisations understand how they
      791 words
    • Article, Illustration
      Lock icon A heartfelt desire to innovate
      642 28  -  Promoting a culture of innovation has helped Biosensors International develop world-class products.KAN KWOK LEONGreports LEONGreports products.KAN KWOK LEONGreports WHEN a company’s main business is to develop cutting-edge medical devices for heart-related procedures, it is no surprise that innovation takes centrestage within the organisation. Which is
      642 words
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      Lock icon A groundbreaking product
      165 28 POLYMER is a key component of drug-eluting stents (DES) as it binds the drug and controls the dose release. However, its permanent presence in the vessel wall has been attributed as the downside of using such stents. Biosensors pioneered the concept of using a biodegradable polymer when
      165 words
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      Lock icon An excellent role model
      1128 30  -  Systems on Silicon Manufacturing Co has committed itself to business excellence since it started operations in Singapore 13 years ago. kan kwok leong reports LEONGreports ago.KAN KWOK LEONGreports EVEN as the global semiconductor industry continues to struggle, Singapore-based Systems on Silicon Manufacturing Co (SSMC) has managed
      1,128 words
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      Lock icon Documenting best practices
      144 30 IN order to deliver “best-in-class” foundry systems to all its customers, Systems on Silicon Manufacturing Co (SSMC) maintains an IMS (Integrated Management System) Policy that governs the company’s quality, environmental, health and safety,and information security management systems as well as its business continuity management. The policy states
      144 words
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      Lock icon Benchmarking for success
      849 32  -  Nanyang Girls’ High School compares itself against the highest measures available to ensure it remains a high-performing organisation. KAN KWOK LEONGreports LEONGreports KAN KWOK LEONGreports ONE would not expect terms like branding, productivity and scalability to pepper the speech of a school principal, but in an effort
      849 words
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      Lock icon A lesson in branding
      130 32 HENG Boey Hong, principal of Nanyang Girls’ High School (NYGH), shares her thoughts on the importance of branding for schools. “The concept of branding for a school may seem incongruous to some, but it is critical that our people and stakeholders have a common idea of
      130 words
    • Article, Illustration
      Lock icon Fishing for new ideas
      875 32  -  Qian Hu Corp is banking on innovation to help it navigate a changing competitive landscape By KAN KWOK LEONG IT takes a brave employee to own up to his mistakes. At ornamental fish distributor Qian Hu Corp, staff are not only encouraged to admit to their
      875 words
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      Lock icon Building a path to excellence
      945 33  -  Tiong Seng is investing heavily in automation across the region to ensure its future growth.KAN KWOK LEONGreports KAN KWOK LEONG IN an industry that has traditionally depended heavily on manpower, Tiong Seng Contractors have made raising productivity through the use of technology a top priority.
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      Lock icon Forging a greener Singapore
      953 34  -  The Building and Construction Authority’s efforts to reduce the country’s carbon footprint have seen significant successes. LEONGreports KAN KWOK LEONG OVER one-fifth of Singapore’s building projects have achieved a national standard to reduce their impact on the environment over the past eight years, thanks to the
      953 words
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      69 25 A NEXT GENERATION Ornamental Fish Company Powered by TECHNOLOGY and INNOVATION Qian Hu is a fish farm that thinks and acts like a technology company, taking the responsibility of keeping our fish alive through technology and not relying too much on people. With innovation already an integral part of the
      69 words
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      153 26 Building and Construction Authority we shape a safe, high quality, sustainable and friendly built environment. PEOPLE DE ELOPER 55 SINGAPORE SERVICE CLASS SINGAPORE SINGAPORE INNOVATION CLASS fo SINGAPORE QUALITY AWARD exce//ence 2013 WINNER Creating A Future Ready Built Enwirenment For Singapore The Building and Construction Authority (BCA) is honoured to
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      125 28 J5 i f #s cSC'-s Nanyang Girls’ High School Nanyang Girls' High School is honoured to be conferred the Singapore Quality Award. Since 1917, we have provided excellent bilingual bicultural education anchored in timeless values. Today, we continue to nurture respected ladies who value society above self. This is also
      125 words
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      537 29 e Honoured To Receive The Business Excellence Standards 2013 Singapore Quality Award With Special Commendation For Outstanding Achievement In Business Excellence i s ■41 4 1 o h /a A SINGAPORE 4a A i 2013 WINNER limn ossr m A SYSTEMS ON SILICON MANUFACTURING CO (SSMC), a joint venture between
      537 words
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      100 30 LornaWhiston Real Learning or Rote Learning? Lorna Whiston's Real Learning Curriculum (RLC) takes the rote out of learning. Real Learning allows chidlren to gain a mastery of language and literacy skills through challenging, inquiry-based and integrated learning activities that develop real understanding and a love of learning. i Open House
      100 words
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      336 31 r i ■vA rs«\ rr 4^* \VQ^ 'v. r Ms 1 iU iL 1 Scaling Greater Heights of Excellence fl W .a X AtTiong Seng, We Create Safe, Quality, Sustainable and Innovative Construction To Realise Our Vision to be the Leader and Preferred Partner in Construction. 5 M in P.
      336 words
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      141 33 Improving Lives Through Medical Innovation BIOSENSORS INTERNATIONAL" m I ftt 1 I ,i IS TrrrmT iui .11 3 I ki. -%L 9./ 'VThe Biosensors International Group, L td. and its subsidiaries develop, manufacture and market innovative medical devices for interventional cardiology and critical care procedures. Our aim is to improve
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      194 34 TO PARTNERS OF OUR PACT CIRCLE THANK YOU FOR MAKING A BIG IMPACT ON SMALL BUSINESSES The PACT Circle recognises Large Organisations that have taken the lead on mutually beneficial collaborations with Small Medium Enterprises (SMEs) through the Partnerships for Capability Transformation (PACT) programme. These collaborations are in the areas
      194 words
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  • Article
    Lock icon SHIPPING TIMES
    2415 35 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 35 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 35 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
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      151 36 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 I nt.
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      18 36 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3083 37 Transaction date: Nov 5 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 Last Sale Vol Day Last Quote 11.5 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 155.5xd unch 457 155.5 153
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      Lock icon SGX CATALIST
      204 38 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 Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 24.5
      204 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11209 38 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian local ccy SD Bond Global Emerging Markets!** China Opportunities 2 8829/ FM local Ccy Bond .0 9097/ European Opportunities!"‘ 1
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      Lock icon GLOBALQUOTE
      249 38 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 31 Genting HK US$ US44.5 -1.5 6058 46 44 44 44.5 2930.1 Sale 313 191 TanChongInt HK311 +8 258 313 303 311 312 4.3 2.3
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    • Article
      Lock icon SGX ETF
      882 38 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 113.5 1 113.5 113.5 113.5 114 518.1 143 125 CIMB APAC Div 100S$D 130 128.6 129.5 114.4 99.2 CIMB APAC
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      577 39 Nov 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.75 *****.24 *****.82 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****8 Mar14 *****.00 *****.00 *****.00 *****.00 1 346 MSCI TAIWAN INDEX FUTURES SPOT 295.41 296.25 291.71 Nov13 294.30 295.40 291.50 292.10 ***** *****6 Dec13 293.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 39 In local curr In S$ In US$ dy yr dy yr dy yr Nov 4 Index Change Change Change Change Change Change World Preliminary 1140.2 0.1 21.5 0.2 21.7 0.2 19.6 EAFE Preliminary 929.9 0.2 20.1 0.3 18.3 0.4 16.3 Europe Preliminary 1339.5 0.3 16.8
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 39 Nov 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 5.784 0.703 7.352 58.586 107.691 0.932 10.062 3.009 1.146 101.806 40.966 1.178 9.645 0.865 27.936 29.661 0.594 0.948 Canada 1.009 5.837
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    • Article
      Lock icon SIBOR
      38 39 Nov 5 (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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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 39 Nov 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****V 02-May-14 0.27 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-16 101.83 5-Year N*****0T 0.5 01-Apr-18 99.16 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      136 39 NOV 5 GOLD(US$/oz) Oct 05 Nov 01 Hong Kong 1321.00 1330.00 Nov 01 Nov 04 London 1309.29 1318.11 1310.51 1319.00 Source: Thomson Reuters CAST BAR Nov 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118 53 5gm 336 263 10gm 600 525
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      Lock icon PALM OIL
      57 39 Nov 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2633.0 2600.0 2633.0 2602.0 192 2816 Dec 13 2627.0 2587.0 2627.0 2585.0 1544 ***** Jan 14 2618.0 2580.0 2623.0 2578.0 ***** ***** Feb 14 2615.0 2580.0
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      Lock icon INTERBANK CURRENCY RATES
      155 39 Nov 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1777 1.1785 0.9482 0.9486 Canadian dollar 1.1885 1.1892 0.9572 0.9569 Euro 1.6751 1.6760 1.3487 1.3490 NZ dollar 1.0280 1.0287 0.8277 0.8280 Sterling pound 1.9829 1.9840 1.5965 1.5969
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      Lock icon CHICAGO BOT
      109 39 Nov 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1264.00 1266.00 1271.25 1260.00 Jan 14 1256.50 1251.50 1263.00 1250.25 Mar 14 1241.00 1237.00 1250.00 1236.50 May 14 1231.00 1228.50 1240.25 1227.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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      Lock icon LIFFE
      95 39 Nov 4 COCOA (£/tonne) Close Prev High Low Dec 13 1688 1695 1695 1677 Mar 14 1696 1702 1702 1685 May 14 1695 1701 1699 1685 Jul 14 1694 1700 1695 1685 COFFEE(US$/tonne) Close Prev High Low Nov 13 1479 1475 1491 1476 Jan 14 1483 1489 1505 1482
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1114 39 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB ECW*****3 2.9 0.2 240 4 Asiatic Grp(Hldgs) Ltd W*****5 2.4 -0.1 580 0.0 2 22
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      Lock icon CRUDE OIL & PRODUCTS
      70 39 CRUDE OIL PRODUCTS Nov 04 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.77 -1.00 WTI (Near Mth) 94.46 0.04 Dubai (1-Mth F) 103.28 -1.71 Tapis blend 112.14 -2.42 Minas 104.34 -2.42 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.61 -1.33 Jet Kerosene 121.74 -2.45 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 39 Nov 5 S$ Bid Offer 1-month 1.2420 1.2424 2-months 1.2419 1.2423 3-months 1.2419 1.2423 6-months 1.2415 1.2420 Source: OCBC
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      Lock icon LONDON METALS
      65 39 Nov-04 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1776.25 1799.25 3 months 1822.00 1843.00 Copper, Grade A(US$/tonne) Cash 7134.25 7236.50 3 months 7149.00 7245.00 Lead(US$/tonne) Cash 2134.25 2164.25 3 months 2159.00 2187.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 39 As at 9am Nov 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.209 1.152 Can dollar 1.214 1.168 Euro 1.717 1.636 Sterling pound 2.021 1.944 NZ dollar 1.054 1.014 US dollar 1.267 1.207 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 39 Nov 5 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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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      221 40 Should we rent out our unit? We can fetch up to a five figure amount every month. Guess what I found out? Mr Urn from the 11th floor just sold his unit for over 9 million! Did you know that a unit in our condo that was sold this year
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  • executive Money
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      1278 42  -  Strong year-end momentum is expected to lift the S&P 500 Index to biggest annual increase since 1997 By LU WANG, WHITNEY KISLING Bloomberg Bloomberg THE broadest equity rally on record will pick up speed through the year end and lift the Standard
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      Lock icon Vantage takes top spot from Pimco in mutual fund ranking
      677 40 Vanguard index fund ends October with US$251 b; Pimco fund has US$247.9b Bloomberg [BOSTON] Bill Gross no longer runs the world’s largest mutual fund. His Pimco Total Return Fund has shrunk by US$37.5 billion since the start of this year,
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      Lock icon Gold bug unfazed despite a slide in prices
      772 40 Fund manager sees bullion hitting record US$2,000 within year Bloomberg [NEW YORK] Peter Schiff predicts repeatedly on his daily two-hour radio show broadcast from his basement studio to 68 stations in 30 states and 50,000 listeners online that paper money will become
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      Lock icon More engaging face of the Fed
      1570 41  -  A Fed under Yellen would be as consensus-driven and communicative as under her two predecessors MONEY MATTERS MICHAEL BAZDARICH The writer is product manager/economist with Western Asset Management, a wholly owned affiliate ofLegg Mason Global Asset Management FEDERAL Reserve vice-chair Janet Yellen has been
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      109 42 at i m Fomon >w Emirates X r Enjoy the view from your office on the Emirates A380 Whether you’re putting your feet up or getting down to business, Emirates Business Class provides you the best with inflight mobile phone and Wi-Fi services. Say hello to a new way to
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      12 42 FED NOMINEE Yellen’s more engaging face of the US Fed PAGE 41
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