The Business Times, 15 November 2013

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Total Pages: 51
1 14 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, November 15, 2013
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  • 846 1  -  IMF team involved in stress tests flags risks from jump in credit, real estate prices By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Singapore banks are so well-buffered that they will be able to withstand even a 50 per cent plunge in property prices here
    PHOTO: JAMIE KOH/THE STRAITS TIMES  -  846 words
  • MARKETS DIGEST
    • 65 1 GST INDEX 3,191.08 (+24.34) GST INDEX FUTURES 3,190.00 (+24.00) GSIMSCI 368.08 (+2.77) GSIMSCI FUTURES 368.10 (+3.50) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.604 2.000 EURO (US$/S$/€ 1.346 1.679 Foreign currency per US$ S$ YEN 99.80 80.00 RM 3.203 2.568 HK$ 7.753 6.218 BAHT 31.52 25.28 RUPIAH
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    • 48 1 Thursday Change KL COMP 1,784.20 +1.71 NIKKEI 225 14,876.41 +309.25 HANG SENG 22,649.15 +185.32 SET INDEX 1,415.69 +10.92 JAKARTA COMP 4,367.37 +65.48 MANILA COMP 6,327.88 +6.92 SEOUL COMP 1,967.56 +4.00 SHENZHEN B 831.46 +5.69 MUMBAI IND 20,399.42 +205.02 11am EST Change DOW 15,851.69 +30.06 NASDAQ 3,962.02 -3.55
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    • 22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 TAIWAN 14.694 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • 724 1  -  Yen slips, Nikkei up as minister promises forex intervention to ensure stability By ANTHONY ROWLEY in Tokyo JAPAN’S economy grew slightly faster than expected in Q3 and is expected to gather pace in the last quarter with increased consumer spending ahead of a
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  • Page 1 Advertisements
    • 84 1 PROPERTY DTZ stalwart to join Cushman PAGE 24 887 1 8 I 11 *****4 Li M f I V ,1 m OMEGA CO-AXIAL CHRONOMETER ANTI-MAGNETIC IN 1969 OMEGA DEFIED ZERO GRAVITY GOING TO THE MOON. IN 2013 OMEGA DEFIES MAGNETIC FIELDS ON EARTH. This OMEGA Seamaster Aqua Terra resists magnetic
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    • 34 1 CORPORATE RESULTS SingTel Q2 profit flat on currency depreciation PAGE 2 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 24-26
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    • 18 1 ARTS Fresh canvas for Art Stage PAGE 36 S’pore’s financial sector highly developed, well regulated: IMF, Page 4
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    • 22 1 WINE New approach to pairing wine with food PAGE 35 EXECUTIVE LIFESTYLE Forget the waiter; we have the e-menu I PAGE 33
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  • TOP STORIES
    • 656 2  -  In constant currency terms, net earnings rise 7%, operating revenue dips 2.7% Reports by JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] The heftier Singapore dollar sat down hard on SingTel’s earnings for the second quarter, rendering its net profit flat at $870 million
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    • 392 2 LOOPME SingTel’s answer to WhatsApp and Viber might have been canned earlier this year, but the telco is plotting a comeback. Yesterday, SingTel executive Allen Lew acknowledged that the cancellation of the LoopMe app was “a small setback”. Even so, he vowed that SingTel
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    • 303 2 S’pore banks can take property price fall SINGAPORE banks are so well-buffered that they will be able to withstand even a 50 per cent plunge in property prices here, say the IMF and MAS. FRONT PAGE Japan Q3 growth faster than expected JAPAN'S economy grew faster than expected
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    • 787 4  -  But Republic needs to further develop crisis management arrangements, it says By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] The Republic’s financial system one of the world’s largest and a systemically important one is “highly developed, and well regulated and supervised”, and its current regulation
      PHOTO: BLOOMBERG  -  787 words
    • 521 4  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Armed with a war chest of US$6.9 billion, Temasek-owned Pavilion Energy has bought into its first upstream LNG asset, paying US$1.288 billion for a 20 per cent stake in offshore liquefied natural gas exploration concessions in Tanzania. The
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    • 308 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg [SINGAPORE] A global specialist in heart valves and haemodynamic monitoring has announced the expansion of its heart valve manufacturing facility here, giving a fillip to Singapore’s medical technology industry. Edwards Lifesciences, citing growing worldwide demand for tissue heart valves,
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  • Page 2 Advertisements
    • 102 2 CS* JJ xw%^aiumn/ Rebuild and reconnect The Deloitte Singapore Alumni programme provides a bridge to link our people with their former colleagues and peers. To us, no matter where you are or where you are headed to in your careers, as our alumni you will always be a part of
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    • 281 2 Attention NRIs and PIOs www.hdfc.com Only an expert can bring you closer to the leading developers. HDFC'S tncCia IS Prime properties of India, right here in Singapore we make homes happen The mega Indian homes fair in Singapore. Now, for the 5th year. Dates: 16th 17th November, 2013 (Sat Sun)
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  • Page 4 Advertisements
    • 194 4 Friday, 22 November 2013,4.30pm, The Float Marina Bay Guest-of-Honour: President Tony Tan Keng Yam Catch all the excitement as we celebrate the 10th Anniversary of Bull Charge 2013! Soak in the carnival atmosphere and enjoy a slew of fun-filled activities as members of Singapore’s financial Industry race across the Marina
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  • COMPANY NEWS
    • 483 5  -  Net gain from changes in valuation of biological assets falls 67.1% to $3.3m By ANDREA SOH sandrea@sph.com.sg DESPITE a drop in both revenue and net gain from valuation of biological assets, first-quarter earnings for Olam International climbed 5.7 per cent. The agri-commodities
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    • 368 5  -  By KALPANA RASHIWALA kalpana@sph.com.sg HO Bee Land is expecting to book a substantial fair-val-ue gain for The Metropolis project in Singapore’s One-North area this quarter. The property group said this yesterday as it posted a 76.7 per cent slide in third-quarter net profit
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    • 550 5  -  By MINDY TAN tanmindy@sph.com.sg GLOBAL Logistic Properties (GLP) yesterday announced the establishment of a US$3 billion China Logistics Fund, even as net profit fell 26 per cent for the three months ended September, to US$145 million, from US$195 million a year
      FILE PHOTO  -  550 words
    • 766 7  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg THE Singapore Exchange (SGX) has been heavily bashed over the past month for either being overzealous in exercising its regulatory powers with regard to the recent collapse in penny stocks, or for not being diligent enough
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    • 278 7  -  By NISHA RAMCHANDANI nishar@sph.com.sg LUXURY watch retailer The Hour Glass saw net profit slide 6 per cent year-on-year to $9.46 million for the second quarter ended Sept 30, as margins came under pressure. This is despite a 14 per cent
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    • 263 7  -  By MINDY TAN tanmindy@sph.com.sg THE vote fell through for higher rated coupons at the extraordinary resolution tabled at the meeting for the holders of the various bonds and notes held by F&N Treasury yesterday. Specifically, the required quorum was not achieved at the
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    • 449 8  -  Results helped by buoyant offshore services industries By LISA LEE By lisalcc@sph.com.sg OFFSHORE marine groups Ezion Holdings and ASL Marine posted higher earnings yesterday for the July-Sep-tember quarter, helped by still buoyant offshore oil services and equipment industries. Ezion Holdings saw a more
      FILE PHOTO  -  449 words
    • COMPANY BRIEFS
      • 89 8 BUKIT Sembawang’s second quarter profit fell 33 per cent per cent to $25.36 million, from $37.91 million a year ago, on lower profit recognition for development projects. Revenue fell 28.5 per cent to $87.77 million, from $122.8 million a year earlier. Half-year profit fell
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      • 55 8 SINGHAIYI Group has been included as a component of the MSCI Singapore Small Cap Index. “SingHaiyi is among the 13 companies added to the MSCI Singapore Small Cap Index, following an announcement on the November 2013 Semi-Annual Index Review for the MSCI
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      • 91 8 HONG Leong Asia made a third quarter net profit of $3.2 million, reversing from a net loss of $1 million a year ago, as revenue from its diesel engines unit helped to lift bottom-line. The group said it made earnings per
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      • 48 8 STX Pan Ocean’s third-quarter net losses widened to US$399.1 million from US$88.6 million a year ago as it registered a net other operating deficit of US$224.3 million. Revenue for the three months ended Sept 30 fell 80 per cent to US$237.7 million.
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      • 72 8 YHI International’s third quarter net profit fell 48.4 per cent to $2 million from $3.9 million a year ago as revenue declined for its distribution business and expenses increased. Earnings per share for the period ended Sept 30 fell to 0.35 cent
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    • 678 8  -  It pays RM446.7m for the plot in KLCC area, housing six bungalow properties By MINDY TAN tanmindy@sph.com.sg FOLLOWING its first overseas acquisition in Kuala Lumpur in May, Oxley Holdings, which has been making headlines for its choice global investments, is adding yet another
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    • 276 8  -  By CAI HAOXIANG haoxiang@sph.com.sg DESIGN and production company Kingsmen Creatives reported net profit of $3.2 million for its third quarter ended Sept 30, down 8.2 per cent from $3.5 million a year ago. This was mostly due to the timing of project revenue
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    • 423 8  -  By CAI HAOXIANG haoxiang@sph.com.sg PROPERTY development conglomerate United Engineers (UE) posted net profit of $12.5 million for its third quarter ended Sept 30, down 2 per cent from $12.8 million a year ago. Revenue more than quadrupled to $732 million from $152.4 million
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    • 286 8  -  By LISA LEE By lisalcc@sph.com.sg THAI Beverage posted a 74 per cent fall in its thirdquarter net profit to 4.08 billion baht (S$161 million), on the lack of associate investment gains made in the corresponding period last year, which related primarily to its
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    • 174 8 MAINBOARD-LISTED Acma’s 20 per cent owned associate Femto will from this month supply SMRT with Femto’s proprietary fuel-saving product known as FLO+. This will be used for up to 500 SMRT buses for the next three years. In a statement yesterday, Acma said
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    • 308 8  -  By carinel@sph.com.sg CARINE LEE carinel@sph.com.sg MIDAS Holdings swung to a net profit of 16.41 million yuan (S$3.34 million) for the third quarter ended Sept 30, 2013, from a loss of 6.11 million yuan a year earlier. Turnover rose 48.5 per cent to
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  • Page 5 Advertisements
    • 331 5 Performance Motors Limited Sheer pml-bmw.com.sg Driving Pleasure 0 48 km/h n 15 SI 4K a BMW 7 Series m TWO EYES ON THE ROAD. THE REST ON YOU. Now you can enjoy the best of both worlds: The style of the BMW M Sport package. And the innovation of the
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  • SINGAPORE MARKETS
    • 543 6  -  Low volume, narrow focus on penny stocks continue to plague local bourse STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE local stock market yesterday continued to be plagued by low volume and a narrow focus on mainly penny stocks. This was despite a 24.34-point bounce in
      Source: Bloomberg  -  543 words
    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 1 0 0 0 6 8 1 Manufacturing 52 48 41 5 6 9 57 54 50 Commerce 21 24 19 7 4 1 28 28 20 Tpt/Stor/Comms 19 13 9
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    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,008 12,008 34,517 34,517 Manufacturing 265,897 105,170 371,067 167,328 3,737 171,065 Commerce 223,513 170,889 394,402 84,784 10,461 95,244 Tpt/Stor/Comms 182,646 13,333 195,979 178,665 2,015 180,680 Finance 67,818 534 68,352 156,381 198 156,579 Construction 26,147 196,917
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    • 114 6 Stock name Close Change CapMallsAsia 2.030 +0.035 CapitaLand 3.040 +0.040 CapitaMall 1.980 CityDev 10.05 +0.070 ComfortDelGro 1.905 +0.010 DBS Grp 17.09 +0.140 GLP 3.000 +0.080 Genting SP 1.440 -0.005 Golden Agri 0.585 +0.015 HK Land 6.250 +0.070 HPH Trust US$ 0.685 -0.020 JMH 52.49 +0.400 JSH
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    • 4 6 DAILY
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    • 73 6 Nov 14 VALUE CLOSE BT OB/OS -246.00 +31.00 BT CADI -*****.00 +23.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 729.35 +2.46 FTSE ST Small Cap 534.29 +1.22 FTSE ST All Share 773.25 +5.04 FTSE ST China Top 199.63 +0.40 FTSE ST China 229.17 +1.96 FTSE
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    • BROKERS’ TAKE
      • Article, Illustration
        324 6 Nov 14 close: S$1.905 OCBC Investment Research, Nov 14 THE Q3-2013 results of ComfortDelgro (CDG) exceeded our expectations. Revenue grew 8.6 per cent y-o-y to S$978.4 million on the back of higher bus/rail ridership and taxi rentals while operating profit grew 4.8 per cent y-o-y to S$122.4 million. Although
        Source: Bloomberg  -  324 words
      • 338 6 Nov 14 close: S$0.695 Phillip Securities Research, Nov 14 COURTS Asia is a leading electrical, IT products, and furniture retailer in Singapore and Malaysia. It also offers in-house credit facilities, generating additional revenue for the retailer. The company will be expanding to Indonesia, with the opening of a
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      • 130 6  -  Compiled by CAI HAOXIANG Nov 14 close: S$2.15 DBS Group Research, Nov 13 FIRST Resources (FR) reported Q3-2013 net profit of US$51.4 million, above our expected range of US$38-40 million. This brought 9M-2013 earnings to US$152.7 million, representing 76 per cent of our full-year forecast. The bet-ter-than-expected performance
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      • 133 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
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    • 493 6 CURRENCIES Reuters [LONDON] The euro fell to a session low against the dollar yesterday, after third-quarter eurozone gross domestic product data was weaker than expected, keeping alive speculation that the European Central Bank may have to ease policy further. The euro extended losses
      Reuters; PHOTO: BLOOMBERG  -  493 words
    • 55 6 VOLUME SingHaiyi 203,258,000 YHM 189,706,000 HPH Trust US$ 83,862,000 Digiland 74,950,000 YHM W*****3 58,335,000 KLW Hldgs 57,928,000 Albedo 56,894,000 HanKore 55,715,000 Innopac 45,104,000 SIIC Env 44,746,000 VALUE($) HPH Trust US$ 72,089,767 DBS Grp 60,260,361 Wilmar 51,232,650 SingTel 41,528,850 OCBC Bk 39,110,408 UOB 37,499,470 GLP 37,484,940 SuntecReit 30,345,390
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    • 107 6 BY CENTS CLOSE UP GLD 10US$ ***** 150.9 1.0 DBXT MSEurope 10US$ 5739 63.6 0.9 JSH 3233 63.6 1.6 DBXT MSUSA 10US$ 4432 61.1 1.1 JMH 5249 49.9 0.8 DBXT MSTHAI 10US$ 2011 43.6 1.8 SuperGroup 346 35.0 11.3 DBXT MSKorea 10US$ 6120 29.9 0.4 UOB 2110 25.0 1.2
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    • 131 6 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -684.0 -2.7 Lyxor Indonesia10US$ 7582 -460.0 -4.6 DBXT S&P Short 10US$ 2694 -49.9 -1.5 DBXT MSINDO 10us$ 1251 -27.4 -1.7 DBXT iBoxxSing 5SG$ ***** -25.0 -0.2 Hyflux 6% CPS 10 ***** -20.0 -0.2 DBXT MSRussia 10US$ 308 -12.5 -3.1 Lyxor Europe
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    • 5 6 DAILY
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  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 545 9  -  He calls for regional cooperation against hackers and Asean integration in ICT By LEE U-WEN leeuwen@sph.com.sg CONDEMNING the recent hacking incidents in Singapore as crimes, Prime Minister Lee Hsien Loong promised that those found guilty would be dealt with “to the
      PHOTO: NG SOR LUAN/THE STRAITS TIMES  -  545 words
    • 454 9  -  By CHUANG PECK MING peckming@sph.com.sg PRIME Minister Lee Hsien Loong will attend the 23rd Commonwealth Heads of Government Meeting (CHOGM) in Sri Lanka, a gathering that has already been boycotted by two leaders because of the host country’s reportedly poor human
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    • 604 10  -  Paul Loo Lip Giam is Ernst Young Entrepreneur Of The Year 2013 for S’pore By FELDA CHAY feldac@sph.com.sg PAUL Loo Lip Giam was 37 years old when he decided life wasn’t sweet enough with his stockbroking job. That year, in 1994, he quit
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  604 words
    • 405 10  -  Scarcity, demand driving up remuneration By LEE MEIXIAN leemx@sph.com.sg SENIOR marketing executives with digital acumen will become a key requirement for companies to keep pace with changing technology and consumer behaviour, but the scarcity of such talent and the high demand are also
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    • 318 10  -  By VIVIEN SHIAO vshiao@sph.com.sg SEVENTY-FOUR per cent of Singapore respondents believe that flexible working is critical to higher productivity, a figure comparable to the global average of 75 per cent, according to a survey. Global workplace provider Regus surveyed more than 20,000 senior executives
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  • MALAYSIA
    • 560 11 But analysts caution the flag carrier still faces considerable headwinds [PETALING JAYA] Malaysia Airlines (MAS) may eke out a small profit for the third quarter ended Sept 30, reversing six months of losses on the back of record passenger numbers, according to
      FILE PHOTO  -  560 words
    • 449 11  -  By PAULINE NG in Kuala Lumpur THE AmBank group has posted a 12.3 per cent increase in profit after tax of nearly RM951 million (S$370 million) for the six months ended September on the back of strong income growth, integration of recent acquisitions
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  • Page 11 Advertisements
    • 342 11 QUALITY. RELIABILITY REPUTATION. SERVICE. m ugU y tssssssz 2013 ATA NlD-***** Judy Kueh 2015 DEC EXP A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to look
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  • GREATER CHINA/INDIA
    • 601 12 Surge in rates may boost default in municipal loans worth 9.7t yuan Bloomberg [HONG KONG] Chinese local governments’ 9.7 trillion yuan (S$2 trillion) in bank borrowings are a major obstacle to the freeing up of interest rates in the world’s
      Bloomberg  -  601 words
    • 432 12 Bloomberg [NEW DELHI] Indian inflation accelerated more than economists estimated in October, adding pressure on central bank governor Raghuram Rajan to raise interest rates again. The wholesale price index rose 7 per cent from a year earlier, compared with a 6.46 per
      Bloomberg; PHOTO: AFP  -  432 words
    • 420 12 Bloomberg [TAIPEI] Taiwan has announced stricter rules for investment projects by Chinese companies as President Ma Ying-jeou seeks to overcome lawmaker resistance to legislation that would boost economic ties with China. In new rules effective yesterday, the Ministry of Economic Affairs’ Investment Commission,
      Bloomberg  -  420 words
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    • 42 12 NewCar Latest price lists promotions UsedCar Over 20,000 used car listings SellCar 3 methods to sell based on your needs MotorDirectory Over 3,000 car workshops accessory shops Articles Car reviews, motoring news, car advice Tools&Tips Loan calculation, insurance comparison, carpark rates, etc
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  • WORLD
    • 687 13 Two-thirds of House Democrats oppose freer hand for President Obama Reuters [WASHINGTON] A White House push for a freer hand to clinch trade deals ran into a roadblock on Wednesday as two-thirds of Democrats in the House of Representatives stated their opposition,
      Reuters; PHOTO: BLOOMBERG  -  687 words
    • 413 13 AFP [WASHINGTON] The US is seeking broader protections for its pharmaceutical and other companies in negotiations on an ambitious Pacific trade deal, according to a document released on Wednesday by WikiLeaks. Julian Assange’s anti-se-crecy activist website published what it said was
      AFP  -  413 words
    • 445 14 This means the government may lower its Q3 GDP estimate LATEST US DATA Reuters [WASHINGTON] The US trade deficit widened more than expected in September as imports rose to their highest level in almost a year, which could probably see third-quarter growth
      Reuters  -  445 words
    • 534 14 Reuters [BRUSSELS] The eurozone economy all but stagnated in the third quarter with France’s recovery fizzling out and slower expansion in Germany. Although the 9.5 trillion euro (S$15.95 trillion) economy pulled out of its longest recession in the previous quarter, record high unemployment, lack of
      Reuters; PHOTO: BLOOMBERG  -  534 words
    • 378 14 Reuters [TOKYO] Japan’s top banks logged strong second quarter profit growth and raised their full-year outlook as a surge in the Tokyo stock market boosted equity portfolios. Mitsubishi UFJ Financial Group (MUFG) and Mizuho Financial Group, respectively Japan’s largest and second
      Reuters  -  378 words
    • 418 14 Reuters Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke said on Wednesday that the US central bank would remain alert to preventing inflation from declining too far from its goal of 2 per cent. “As you know, my term comes to an
      Reuters; Bloomberg  -  418 words
    • 773 16 Institutional investor body will make it harder for directors with long tenure Reu ters [BOSTON] American boardrooms are looking grayer than ever. More retired executives are being offered directorships, mandatory retirement ages are rising, and directors are staying on longer. It is
      Reuters  -  773 words
    • 766 16 IBM making a more powerful Watson available via Net NYT [LAS VEGAS] Welcome to the age of supercomputing for everyone. IBM was scheduled to announce yesterday that Watson, the computing system that beat all the humans on “Jeopardy!” two years ago, will be available in a
      NYT; FILE PHOTO  -  766 words
    • 616 18 It warns Germany, France and 14 other countries to address the issues NYT AFP [BRUSSELS] The European Union’s top economic policy chiefs, invoking new oversight tools, warned Germany, France and 14 other member countries on Wednesday to address problems with their economies. “By
      NYT; AFP  -  616 words
    • 503 18 The deal is part of US probe into bank’s hiring practices in the region, paper says Reuters [HONG KONG] JPMorgan paid US$1.8 million over two years to a small consulting firm run by the daughter of former Chinese Premier Wen
      Reuters  -  503 words
    • 227 18 AFP [NEW YORK] The mobile messaging service Snapchat recently rejected a US$3 billion cash offer from Facebook, the Wall Street Journal reported on Wednesday. Snapchat, considered one of the up-and-coming applications in social networking, has also had an investment offer led by Chinese Internet
      AFP  -  227 words
    • 508 20 Govt wants to raise debt ceiling by A$200b but Labor says A$100b is enough AFP [SYDNEY] Australian Treasurer Joe Hockey yesterday warned of a US-style shutdown if the Labor opposition refuses to agree to lift the nation’s debt ceiling to A$500 billion (S$579.87 billion).
      AFP  -  508 words
    • 549 20 AFP [SEOUL] It’s kimchi-mak-ing season in South Korea, with households across the country preparing and laying down stocks of the ubiquitous spicy side-dish for the coming winter. But many foreign visitors, including the most intrepid foodies, will probably leave without ever tasting a Korean-made
      AFP; PHOTO: REUTERS  -  549 words
    • 195 20 Reuters [GENEVA] A flawless pink diamond sold for a world record price of US$83.02 million at a Sotheby’s auction in Geneva on Wednesday. It was bought by Isaac Wolf, a New York-based diamond cutter, who has renamed it The Pink Dream. He bid against
      Reuters; PHOTOS: AFP, AP  -  195 words
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  • Page 14 Advertisements
    • 109 14 Savour exquisite Christmas culinary delights together with family, friends and loved ones at our award-winning restaurants and bar Edge, Keyaki, Hai Tien Lo, Pacific Marketplace, Poolside and Atrium. Alternatively, if you are celebrating at home, our gourmet deli offers take-away festive options such as honey glazed ham, roast beef, roast
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  • Page 15 Advertisements
    • 760 15 Trade Industry Association (Singapore) and Asia Business Journal Congratulates the following award recipients of the prestigious SMEs Asia Award 2013 2014and Circle of Excellence in Manufacturing Enterprise2013 2014 Convention held successfully on 27thSeptember 2013 at Zouk Singapore PROMINENT CATEGORY GRANDEUR SME AWARD GRANDEUR SME AWARD Ban Choon Marketing Pte Ltd
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  • Page 16 Advertisements
    • 172 16 THE STRAITS TIMES OUTLOOK Presented by A f The Asia-Pacific, the growth engine of the world, is the region to watch. It holds promise amid tensions over land and water and ancient rivalries. Join The Straits Times and ANZ which bring together newsmakers, analysts and regional correspondents for a revealing
      172 words

  • Page 17 Advertisements
    • 1309 17 AS IAN M A T R Asia's finest Epicurean Signatures i Nov to 7 Dec 2013 Gourmet Culture Lifestyle Proudly Presented By ©OCBC Bank EXCLUSIVELY FOR OCBC CARDMEMBERS on% Asian Masters I a la carte food bill at Events Feast Asia Dining Partners on% Mixology Asia Cockt ails Embark and
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  • Page 18 Advertisements
    • 505 18 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Lim Chin Cheong *****78-8
      505 words
    • 465 18 SEK LOONG TRADING CONSTRUCTION SERVICE PTE LTD COMPANY REGISTRATION NO. *****5402K NOTICE OF MEETING OF CREDITORS Notice is hereby given that a meeting of the creditors of the abovenamed company will be held at 55 Market Street #03-01 Singapore *****1 on the 22 nd day of November 2013 at 3.00pm
      465 words
    • 795 18 SOUTHERN PACKAGING GROUP LIMITED Company Registration No. *****3312N (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE(S) The under-mentioned share certificate(s) have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Pu Jinbo *****2 700,000 Zhang Jianling *****4 600,000 NOTICE IS HEREBY GIVEN that new share certificates
      795 words
    • 836 18 UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid:Name Certificate No. No. of Shares Chua Wee Meng Dr *****73-0 100 -do- *****49-0 10 -do- *****97-0 11
      836 words
    • 483 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MENG YEOW CONSTRUCTION PTE LTD. COMPANY REG. NO. *****1340C (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Claymore Drive #08-11 Orchard Towers
      483 words
    • 199 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SIRIUS WATER TECHNOLOGIES PTE LTD (IN CREDITORS'VOLUNTARY LIQUIDATION) (Company Registration No. *****5317M) Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member and Creditors of
      199 words

  • Page 19 Advertisements
    • 4331 19 Joint Announcement by China Energy Limited (Company Registration No.: *****0060K) (Incorporated in the Republic of Singapore) and Lianguo International Limited (Company Registration No.: *****20) (Incorporated in the British Virgin Islands) Proposed Voluntary Delisting of China Energy Limited 1. Introduction 1.1 The Delisting Proposal. China Energy Limited (“CEL” or the “Company”)
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  • Page 20 Advertisements
    • 203 20 Should we rent out our unit? We can fetch five to up figure amount month every Guess what Did know found out? you that unit Mr Urn from the just found in our out condo that floor just 1th was that condo our sold this sold his unit year fetch
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  • SHIPPING/AVIATION
    • 510 21  -  Carrier to subscribe to Virgin’s A$350m equity issue, along with Air NZ, Etihad By nishar@sph.com.sg NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Singapore Airlines (SIA) could boost its stake in Virgin Australia (VA) to 22.1 per cent by subscribing to Virgin’s A$350 million (S$407 million)
      PHOTO: REUTERS  -  510 words
    • 409 21 Reuters [ATLANTA] Consumer advocates worry that the decision to green-light another big airline merger will mean higher prices, even though upstart airlines will get more access to busy airports near Washington DC and New York as part of the deal. In the
      Reuters  -  409 words
    • 248 21 SGX '000 Nov 14 S$ +/-Vol Ch Offshore 0.41 -0.01 65 Chuan Hup Hldg 0.26 unch 84 Cosco Corp 0.71 unch 1422 Cwt Limited...............1.27 0.01 161 Ezra Hldgs 1.29 0.01 5730 First Ship Lea 0.08 -0.01 32 Freight Links 0.11 unch 4408 Grand Banks -0.01 Jaya Hold Ltd
      248 words
    • 659 21 Reuters [DUBAI] Boeing looks set to dominate next week’s Dubai Airshow with more than US$100 billion of deals as it aims to launch its latest long-haul jet with up to 250 potential orders from as many as five airlines, industry
      Reuters  -  659 words
    • 339 21 Bloomberg [TOULOUSE, France] European Aeronautic Defence and Space Company (EADS) posted a 26 per cent increase in third-quar-ter profit after its Airbus SAS unit delivered more commercial aircraft. Earnings before interest and tax (Ebit), goodwill impairment and exceptionals rose to 663 million euros
      Bloomberg  -  339 words
    • 997 21 Bloomberg [SINGAPORE] South Korea’s three biggest shipping firms face a cash crunch as three trillion won (S$3.5 billion) of bonds are due for repayment in the next two years amid mounting losses from a global slump in rates to carry cargo. Hanjin Shipping
      Bloomberg  -  997 words
  • Page 21 Advertisements
    • 44 21 DAVOS OF THE EAST? South Asian Diaspora Convention to showcase bright minds from the fields of business, politics and the arts Sarab Kapoor: Tarla Dalal influenced my cooking GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      44 words
    • 32 21 BUY, SELL OR RENT. STCARS At STCars.sg, your ideal car isn't hard to find. Browse over 25,000 listings of new, used rental cars, commercial vehicles. f STCars.SG ,',..,..1. P AppStore o STCARS
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  • EDITORIAL & OPINION
    • 506 22 EDITORIAL OVER the past decade, Singapore has taken great strides in the area of wealth management, including taking steps to make itself attractive as a trust domicile. Next in line is a reinvention of the fund management industry. In this respect, two
      506 words
    • 799 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT’S not about him. It’s about Americans. As the 50th anniversary of John F Kennedy’s assassination approaches, we’ve been deluged with essays, books, websites, videos and a new movie marking the event. The
      The Washington Post Writers Group  -  799 words
    • 946 22  -  The Fed is the most effective player in Washington in dealing with the Great Recession LEON HADAR Washington Correspondent US PRESIDENT Barack Obama’s nominee for the job of the next chairman or in the case of Janet Yellen, chairwoman of the Board
      PHOTO: AP  -  946 words
    • 1050 23  -  Gender diversity is beneficial to firms but only eight in 100 directors here are female By ANGELA TAN angelat@sph.com.sg ENDER diversity has been found to enhance financial performance and corporate governance, and yet the number of female directors in firms listed on the
      1,050 words
    • 845 23  -  By ALLAN LOI The writer is an Energy Studies Institute analyst IN SEPTEMBER, the Energy Market Authority (EMA) of Singapore announced an upcoming pilot initiative to redesign electricity bills such that they can allow residential consumers to effectively compare their consumption levels to
      PHOTO: REUTERS  -  845 words


  • PROPERTY
    • 613 24 Liu Chonghua says he is taking a stand against miles of identical apartments AFP [CHONGQING] As the greatest urbanisation drive in history swells China’s cities with ranks of identikit apartment blocks, one culinary businessman is indulging his architectural appetite with a
      AFP; PHOTO: AFP  -  613 words
    • 433 24  -  By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE[] DTZ’s head of investment advisory services and auction, Shaun Poh, is moving over to Cushman Wakefield. He will join Cushman in the second week of January as an executive director, heading its national capital markets and investment team
      433 words
    • 519 24 Reuters [LONDON] Foreign embassies are abandoning London’s premier addresses such as Mayfair and Kensington as the world of diplomacy changes in the face of security risks and new technology, just as property prices are reaching untold heights. The trend to move further afield to
      Reuters  -  519 words
  • Page 24 Advertisements
    • 434 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE OCEAN DRIVE Seafront living Bunglw. A&A 2012 Worth $5.6m 2sty+ basement, 5 bdrm+ dining+ 2 maid rms gym, pool. Land 9580/ *****sf. Ronald *****055 D04 HOUSE FOR SALE SENTOSA Bunglw 3½ Storey 8159 sqft,6+1 ensuite, 2 living, Pool,
      434 words
    • 95 24 D19 HOUSE FOR SALE HIGHLAND ROAD 3000sf Semi-D, 5 bdrm, F’hold, Near to Kovan MRT and Heartland Mall, VTO. Call 9435 3437 D19 HOUSE FOR SALE SEMI-DETACHED Freehold Semi-Detached. 5 minutes to Kovan MRT. Private home lift. From 360 sqm, 6-bedroom. Janet Goon, 9181 3635 D20 HOUSE FOR SALE CLUSTER
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  • Page 25 Advertisements
    • 456 25 D26 HOUSE FOR SALE SPRINGSIDE PLACE F’hold 3-storey corner terrace. Pool. Land 2928/ 4844 sqft. Designer showhse cond 4 rms study family roof terrace. Sale/rent. Glynis 9745 8122 D27 HOUSE FOR SALE ANDREWS TERRACE Corner terr with pool Land 2420 sf, built 4300 sf. 4 levels with pte lift. 6
      456 words
    • 162 25 D09 APARTMENT FOR SALE PATERSON Paterson Penthse 3storey roof terr 4+1+1 room, 4230 sqft. Freehold. Beautiful, cosy. Full facilities. Urgent sale! Call Now Stev 9323 2299 D09 APARTMENT FOR SALE PATERSON RESIDENCE Freehold penthouse. 4+2, 4230 sqft. Nice layout. View daily. Also for Rent. Visit: joannehomes.com Joanne Gan, 8282 1368
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    • 168 25 D10 APARTMENT FOR SALE RIDGEWOOD 3+1. 1744sqft. New renovation. Fully aircon and furnished. Resort living. Pool. Available Immediate. Easy access to Holland Village. D10 APARTMENT FOR SALE TANGLIN HILL $5.9M Prime location! Rare Opportunity. 3315 sqft. Freehold. Mais 4-bdrms +attached maid+ balcony. Tenanted till 2015 rental $13k D10 APARTMENT FOR
      168 words
    • 169 25 D23 APARTMENT FOR SALE LAUREL TREE Laurel Tree 2-Bedroom Penthouse, Best Price! $8xxK. Freehold. Don’t Miss!! Hurry Grab it now! Vincent Chua 9818 3867 HSR D23 APARTMENT FOR SALE TREE HOUSE 3rm Study. 1249 sf. High flr. Good layout. Pool greenery view. Call Jeffrey 9321 1966 Propnex D28 APARTMENT FOR
      169 words
    • 177 25 D15 HOUSE FOR RENT 80B MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Available immed. $17.5K. Also for sale. Owner 9863 5635 9727 2996 D16 HOUSE FOR RENT 3A JALAN NIPAH Newly rebuilt semi-d, 3600/5300sf 2sty +attic, 5+1 swimming pool, p/furn, Immed $14.5k Also for sale. Call
      177 words

  • Page 26 Advertisements
    • 364 26 D09 APARTMENT FOR RENT ASTORIA Astoria Apartments. 3+maid’s utility. 1830 sqft. Partial furnish. Renovated. Facilities. Orchard MRT. Call 9848 0883 Frieda Lim D09 APARTMENT FOR RENT CENTENNIA SUITES 3 bdrms. Near amenities/ Great World City. Dont miss! 9336 9247 Lawrence Chua D09 APARTMENT FOR RENT ORCHARD SCOTTS Orchard Scotts, near
      364 words
    • 185 26 D11 21 APARTMENT FOR RENT MONTEBLEU 3 bdrms, 1140 sqft. High flr. Unblocked. Partially furnished. Well kept. Immediate $5000 neg. Please call Nirupa 9389 0425 ERA D11 21 APARTMENT FOR RENT THE SENTINEL The Sentinel 3-bedrooms, 1162 sqft. Near Novena MRT. Modern design. Call Julian 9177 8312 View: www.sgpd.info/ar/28 D15
      185 words
    • 237 26 D05 SHOP FOR SALE ALEXANDRA CENTRAL Alexandra Central. Retail shop for sale, next to anchor restaurant tenant. Good investment. Must view! Hurry! D10 SHOP FOR SALE LOFT NATHAN Freehold. River Valley! 635 sqft, #01, with grease trap/ face main rd/ TOP soon! Kat 9026 1138 D13 WAREHOUSE FOR SALE GOLD
      237 words
    • 183 26 D09 OFFICE FOR RENT TAN KONG TIEN BUILDING Next to Little India MRT. 100 sqft, fitted aircon, 24-hr easy access, own entrance. Available immediate. Call 6338 4245 D09 RESTAURANT FOR RENT 38 ORCHARD ROAD 38 Orchard Rd for lease. 1600 sqft. Suits F&B, Cafe, Bistro, Convenient store, newstand, money changer,
      183 words
    • 208 26 D23 FACTORY FOR RENT THE ELITIST Bukit Batok. B1 Light Industrial Corner unit 2045 sf. $2.50 psf neg. Immediate. Call 9850 0967 Theresa, Huttons FOREIGN PROPERTY FOR SALE BINTAN LAND IN INDONESIA For hotel resort 36.5 acres S$2.8M. Tanjong Pinang beach for real estate/ shopping 435 acres. $3.5M negotiable. Be
      208 words

  • Page 27 Advertisements
    • 106 27 IK > r ►Y k Z A i I w ✓I K 7* K> 4 LJ -4 ✓4 K «r (=^1 /4 KK i m I K fiv—'I —va I ''f SGCARMART.COM/QUOTZ Live bidding by over 300 used car dealers. Sell your car by auction! Call 6744 7571. No obligation
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  • 2401 28 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
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  • Page 28 Advertisements
    • 43 28 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
      43 words
    • 18 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 29 Advertisements
    • 189 29 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 WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your
      189 words

  • SINGAPORE STOCKS
    • 3154 30 Transaction date: Nov 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 20 3.1 A-Sonic --AAT Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 11.5 7 AEM
      3,154 words
    • 252 31 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      252 words
    • 11268 31 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 dcy SD Bond Global Emerging Markets!** China Opportunities'" 2 8071/ FM local Ccy Bond 0 889?/ European Opportunities!"‘ 1
      11,268 words
    • 262 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A57 -1 1 57 57 57 59.5 3.6 6.1 4.6 211 52 31 Genting HK US$ US41 unch 2790 42 41 41 41.5 2699.7
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    • 883 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 112 +3.7 5 112 110.1 112 115.9 511.3 143 125 CIMB APAC Div 100S$D 127.9 -1.1 0 127.9 127.9 127
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  • FINANCE & COMMODITIES
    • 643 32 Nov 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.75 *****.43 *****.75 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar14 *****.00 *****.00 *****.00 *****.00 26 379 MSCI TAIWAN INDEX FUTURES SPOT 286.60 288.11 285.95 Nov13 285.80 287.40 283.30 285.80 ***** *****0 Dec13 285.10
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    • 373 32 In local curr In S$ In US$ dy yr dy yr dy yr Nov 13 Index Change Change Change Change Change Change World Preliminary 1138.3 -0.3 21.3 -0.5 21.7 -0.3 19.0 EAFE Preliminary 925.3 -0.7 19.5 -0.8 17.4 -0.7 14.9 Europe Preliminary 1326.4 -0.7 15.6
      373 words
    • 471 32 Nov 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 5.685 0.693 7.234 58.871 107.534 0.931 9.963 2.988 1.129 100.303 40.644 1.163 9.595 0.854 27.607 29.410 0.582 0.933 Canada 1.023 5.815
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    • 38 32 Nov 14 (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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    • 84 32 Nov 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****A 16-May-14 0.27 1-Year BY*****T 31-Oct-14 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.86 5-Year N*****0T 0.5 01-Apr-18 99.65 99.80 99.80 10-Year NX*****H
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    • 133 32 Nov 14 GOLD(US$/oz) Oct 14 Nov 13 Hong Kong 1291.00 1281.00 Nov 13 Nov 12 London 1274.92 1274.76 1275.87 1275.53 Source: Thomson Reuters CAST BAR Nov 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 116 51 5gm 329 257 10gm 587 514
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    • 57 32 Nov 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2580.0 2594.0 2580.0 2578.0 31 1497 Dec 13 2601.0 2602.0 2601.0 2574.0 2762 ***** Jan 14 2603.0 2604.0 2617.0 2583.0 ***** ***** Feb 14 2603.0 2606.0
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    • 155 32 Nov 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1629 1.1638 0.9328 0.9333 Canadian dollar 1.1899 1.1903 0.9546 0.9545 Euro 1.6782 1.6788 1.3461 1.3463 NZ dollar 1.0306 1.0310 0.8267 0.8268 Sterling pound 2.0001 2.0008 1.6043 1.6045
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    • 109 32 Nov 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1319.75 1319.25 1322.25 1312.00 Jan 14 1315.00 1314.50 1317.75 1307.50 Mar 14 1298.25 1296.50 1300.50 1291.25 May 14 1280.50 1277.00 1282.50 1271.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • 95 32 Nov 13 COCOA (£/tonne) Close Prev High Low Dec 13 1703 1683 1703 1678 Mar 14 1708 1688 1709 1681 May 14 1704 1685 1704 1677 Jul 14 1700 1682 1698 1676 COFFEE(US$/tonne) Close Prev High Low Nov 13 1455 1485 1455 1455 Jan 14 1465 1495 1506 1457
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    • 1162 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.4 1 123 474 53.75 6 Acma Ltd W*****7 Price Albedo Limited W*****9 3.1 unch 35 Ascendas Reit MB ECW*****3 2.9 0.2 240 4
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    • 70 32 CRUDE OIL PRODUCTS Nov 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.92 0.60 WTI (Near Mth) 93.70 0.72 Dubai (1-Mth F) 102.99 0.05 Tapis blend 111.07 0.08 Minas 105.27 0.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.58 unch Jet Kerosene 120.38 -0.26 US$/barrel OpecOil Basket
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    • 22 32 Nov 14 S$ Bid Offer 1-month 1.2467 1.2470 2-months 1.2466 1.2469 3-months 1.2466 1.2469 6-months 1.2462 1.2466 Source: OCBC
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    • 65 32 Nov-13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1748.50 1753.25 3 months 1795.00 1800.00 Copper, Grade A(US$/tonne) Cash 6980.50 7119.00 3 months 6980.00 7120.00 Lead(US$/tonne) Cash 2077.75 2087.25 3 months 2098.00 2107.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 121 32 As at 9am Nov 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.214 1.168 Euro 1.719 1.638 Sterling pound 2.037 1.959 NZ dollar 1.056 1.016 US dollar 1.271 1.211 Local dollars to 100 units of foreign
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    • 161 32 Nov 14 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ 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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  • executive lifestyle
    • 1740 33  -  Developed by local tech firms, these automated systems not only help ease manpower crunch at eateries but also eliminate the chances of errors in orders, reports RACHEL RACHEL LOI rachloi@sph.com.sg Black-faced waiters, disputes over wrong orders and maybe even service charge could all be
      1,740 words
    • CINEMA/MUSIC
      • 689 34  -  Captain Phillips feels like a taut and well-structured thriller, says GEOFFREY EU THE discrepancy between the haves and the have-nots comes into stunning focus in Captain Phillips, an intense and frantic thriller about the hijacking of an Ameri-can-owned cargo ship by Somali pirates that
        PHOTO: BLOOMBERG  -  689 words
      • 583 34  -  By GEOFFREY EU MANY people only dream of travelling the world in search of adventure and life-changing experiences. Thor Heyerdahl was a mod-ern-day explorer who actually lived that dream to the fullest, with many of his exploits recorded on film and in print in
        583 words
      • 556 34  -  By DYLAN TAN dylantan@sph.com.sg SINGER-SONGWRITERS often grow up in the public eye with every new release. Aussie pop princess Lenka, whose full name is Lenka Kripac and who will be performing here at the end of the month, does the same on
        556 words
    • WINE/MUSIC
      • 1214 35  -  People now have their own rules, mostly as a result of their individual experiences with adaptation, saysNK NK YONG I T indicates the degree of development and maturity of the wine culture here that the question asked today is more often: “What
        PHOTO: BLOOMBERG  -  1,214 words
      • 1094 35  -  By ALLAN KOZINN NYT [NEW YORK] In the summer of 1971, one of the first Beatles bootlegs turned up, packaged in a white sleeve with “The Beatles Yellow Matter Custard Previously Unreleased Studio Material” rub-ber-stamped across it. It offered an odd line-up of tracks
        NYT  -  1,094 words
      • 455 35  -  By DEBBIE YONG debyong@sph.com.sg FEW bands these days can prompt middle-aged mothers to belt out angry love songs next to their teenage daughters, but Matchbox Twenty did just that last week. Their performance at the Indoor Stadium last Sunday night was the first
        455 words
    • ARTS
      • 772 36  -  Presence of strong curators for country or region-based platforms almost guarantees a better show, says HELMI YUSOF helmi@sph.com.sg IN an increasingly competitive art fair market, Art Stage has overhauled itself to stay ahead of the game. For its fourth edition next January,
        772 words
      • 663 36  -  By HELMI YUSOF helmi@sph.com.sg TWO Titans down, one to go. After the highly successful runs of Shun-kin and Musashi, the first two plays in the Esplanade and Singapore Repertory Theatre’s Three Titans of Theatre series, the legendary director Peter Brook will present The Suit next
        663 words
      • 666 36  -  By HELMI YUSOF helmi@sph.com.sg ONCE a familiar face on local stage and TV, actor-sing-er Caleb Goh has been away from Singapore for 11 years, studying and teaching musical theatre in San Diego. Returning home this year, he makes his big musical comeback in Jack
        666 words
      • 794 37  -  Photographer Rodney Smith explains to RACHEL LOI why he shoots only with film, and mostly in black and white RACHEL LOI rachloi@sph.com.sg AS the saying goes, change doesn’t necessarily assure progress. And it’s one that photographer Rodney Smith takes very seriously with regard to
        794 words
      • 474 37  - Musashi magical and magnificent By RACHEL LOI rachloi@sph.com.sg WHEN Ninagawa says "fight", they fight. When he says "dance", they dance. And when he turns around (metaphorically, of course) to the audience and says "laugh", there is no way you can resist his command. Such is the skill of Japanese director
        474 words
      • Around Town
        • Article, Illustration
          125 37 Boyce Avenue: YouTube stars Boyce Avenue (below) take the stage next Thursday at the Hard Rock Hotel Singapore in their very own concert tour. The trio is made up of brothers Alejandro, Daniel and Fabian Manzano, who named their band after the combination of two street names where they
          125 words
        • 227 37 Trevor Ashley’s STAR*STRUCK: Syd-ney-based performer Trevor Ashley will be in Singapore this weekend to perform his hit show, STAR*STRUCK, at the DBS Arts Centre. In his show, he will pay tribute to some of the world’s most famous divas including Tina Turner, Bette Midler, Shirley Bassey and Cher. Ashley
          227 words
        • Article, Illustration
          137 37  -  Compiled by RACHEL LOI rachloi@sph.com.sg Excess: Stop by the Art Plural Gallery on Armenian Street to check out a joint exhibition by Chinese artist Fu Lei and American artist Dane Patterson. Fu Lei was born in Beijing, and his works ex- plore the excess of sensuality and desire through
          137 words

  • Page 34 Advertisements
    • 1 34 Hospitality&TourismConference2014
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    • 98 34 HPfi ooyaoooai 0 FI J Ifil afl+A a igi 1 1 C— 2¥sr IMS 1 <8? Hotel Solutions, Food Beverage and Travel Trade Show I 7 19 February 2014 Myanmar Convention Centre,Yangon www.mhft.sphereconferences.com LAST CALL TO EXHIBIT! The most comprehensive showcase of hotel and F&B solutions, technologies and innovations in
      98 words



  • Page 37 Advertisements
  • Page 37 Miscellaneous
    • 325 37 CRYPTIC CROSSWORD Across 1 Penny’s relationship with Bob near to end of engagement produces drama (7,5) 9 Great church parson I removed (7) 10 Travel document not completed by one corrupt returning traveller (7) 11 Bremner holding decline back in crime (7) 12 In trouble, Popeye’s opening his can of
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    • 136 38 m Aud (Singapore *VSS mwm S3*** JteL'V -1 w- -V* JT "ti- 1 <l£.? -i N* dKfcfS i wsa^r ,>rJ i P»w |S'V- d* r > iiMn t s -T^W-V^j* SGQ50Q0" i z' S3* isS* > 'v ?9 V Js WE C£- f.*s Skf ■>; r .,t v; ez.'w, tSB^GS
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  • EY Entrepreneur of the Year
    • 626 1  -  The three winners of this year’s EY Entrepreneur of the Year Awards have steered their company through many storms only to emerge stronger Kan Kwok Leong T HEY may come from vastly different industries, but many of today’s chief executives who have assumed their leadership roles
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    • 1929 2  -  Whether betting on stocks as a student or heading a global logistics player, Loi Pok Yen’s key to success lies in knowing the downside.KAN KWOK LEONGreports KAN KWOK LEONG WHEN Loi Pok Yen had to decide which major to pursue for his honours year in business
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    • 1081 4  -  Focus Network Agencies CEO Paul Loo has built a distribution business by managing it like an investment portfolio. By KAN KWOK LEONG FOR a person whose business is steeped in the fuzzy, feel-good world of chocolates and sweets, Paul Loo is a man who runs
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    • 936 4  -  By MAX LOH The writer is managing partner, Asean and Singapore, Ernst Young The views reflected in this article are the views of the author and do not necessarily reflect the views of the global EY organisation or its member firms IN the Global Entrepreneurship Monitor
      Source: Ernst & Young  -  936 words
    • 1032 6  -  Group CEO Glenndle Sim has taken Mencast Holdings, a company founded by his father, to a whole new level of technical expertise, customer service and innovation.KAN KWOK LEONGfinds out more KAN KWOK LEONG WHEN Glenndle Sim, fresh from graduating with an MBA, joined the engineering company started
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    • 693 6  -  By DIDIER VON DAENIKEN The writer is head of wealth management, Asia-Pacific, Middle East and Africa at Barclays Barclays is a major sponsor of the EY Entrepreneur of the Year awards in Singapore ENTREPRENEURS are a special breed of high achievers. They are driven, focused
      PHOTO: BLOOMBERG  -  693 words
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  • Page 1 Advertisements
    • 208 1 CONTENTS Building a global champion IPAGE 2 Sweet smell of success IPAGE 4 Overhauling a culture IPAGE 6 Asia’s cultural challenge IPAGE 10 Overcoming the cash drought IPAGE 13 Ernst and Young Entrepreneur of the Year 2013 MprirPI^I" Marine and Offshore Enoineerinn Services Award Winner Marine and Offshore Engineering Services
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    • 182 3 ENTREPRENEURS ARE HEROES IN TODAY'S WORLD At EY r we don't just recognize the contributions that entrepreneurs make to the economy. We celebrate their entrepreneurial spirit that empowers them to realize their dreams, while making the world a better place. This year, Paul Loo Lip Giam of Focus Network Agencies
      182 words


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    • 123 5 ■> >■*-> i, •vy ip» ->v- v fcV A i't: s> v m. sift r. >i r 4#*i f- nr r AV c ,>.*■ I X./ rtfV-v W kM EY BARCLAYS FAMILY BUSINESS AWARD OF EXCELLENCE 2013 The EY Barclays Family Business Award of Excellence recognizes leaders of outstanding entrepreneurial
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  • Page 7 Advertisements
    • 37 7 Congratulations to Mr Loi Pok Yen Group CEO for being bestowed The EY Entrepreneu Of The Year™ 2013 Logistics Colliers INTERNATIONAL 1 Raffles Place, #45-00 One Raffles Place Singapore *****6 Tel: 6223 2323 Fax: 6222 4901 www.colliers.com
      37 words

  • Page 8 / 9 Advertisements
    • 61 8 / 9 k A I i i i Is 5k A t Lr Y L w Our heartfelt i to Mr Loi Pok Yen Group CEO of CWT Limited for receiving this prestigious accolade: The EY Entrepreneur of the Year™ 2013 Logistics PRECISE DEVELCPmEnr PtE Ltd 5 Gul Street 1, #04-00 Precise
      61 words

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    • 37 10 Our Heartiest Congratulations to Mr Loi Pok Yen Group Chief Executive Officer of CWT Limited for being awarded The EY Entrepreneur Of The Year™ 2013 Logistics (An Affiliate of Cheung Kong Group) ARA Asset Management Limited www.ara-asia.com
      37 words
    • 40 10 Congratulations to /lAr I-,Cl PcdoJav Group Chief Executive Officer of a n for being accorded the EY Entrepreneur Of The Year 2013™ Logistics /A>\ I. -h 4 *v C 9 0 <p v. O'- S Best Wishes Rajah Tann LLP
      40 words

  • Page 11 Advertisements
    • 121 11 Mr Loi Pok ten 1 Officer! CWT Limited* My v r wm Raising the bar in Logistics Management in a New Asia Heartiest congratulations to Mr Loi Pok Yen, Group Chief Executive Officer of CWT Limited as the winner of EY Entrepreneur of the Year™ 2013 Logistics. As a leading
      121 words

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    • 48 12 7T~ Congratulations to Mr Loi Pofeven; Group CEO, CWT Limited t SSwf On winning thet 9k i mi V EY Entrepreneur Of The Year 2013™ Logistics w i. a BNP PARIBAS The bank for a changing world I K 44* 4 s' It 1 141 bnpparibas.com.sg itn», jii
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    • 27 13 Our Heartiest Congratulations to Mr Loi Pok Yen Group CEO of CWT Limited for being named the EY Entrepreneur of The Year™ 2013 Logistics IDOCBC Bank www.ocbc.com
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  • Page 14 Advertisements
    • 175 14 EY Entrepreneur Of The Year 2013 Retail and Consumer Products Award winner FNA GROUP INTERNATIONAL MONGOLIA# CHINA T BHUTAN INDIA S tf KOREA TAIWAN SRI LANKA# MALDIVES |5# HONG KONG MACAU MYANMAR# VIETNAM THAILAND# #CAMBODIA MALAYSIA SINGAPORE (1 BRUNEI INDONESIA# AUSTRALIA W NEW ZEALAND tint Trees M The Cocoa n
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