The Business Times, 16 November 2013

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Microfilm: NL32874
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg NOVEMBER 16-17, 2013 S$1.00| MCI (P) 086/08/2013
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  • Article, Illustration
    Lock icon Private home sales set to rebound in Nov
    1239 1  -  Sales of 1 ,400-1 ,500 units seen this month, up sharply from October’s 1 ,009 By Kalpana Rashiwala kalpana@sph.com.sg Singapore Developers’ sales of private homes are poised to rebound this month buoyed by brisk sales of Duo Residences in the Bugis area,
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  • Article, Illustration
    Lock icon 3 new models may keep Cat A COE buoyant
    738 1  -  By Samuel Ee samuelee@sph.com.sg Singapore THREE new Japanese sedans are expected to shake up the COE Category A market when they arrive early next year, just in time for a recategorisation of the small car segment. The launches of the new
    PHOTO: REUTERS  -  738 words
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      50 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION GENETICS PIONEER PHILLIP SHARP 8-9 MOTORING BMW 5 Series Gran Turismo L14 COMPANIES Banks clear winners in disappointing Q3 10 LIVING Designs that work L2-5 Depuis 1775 www.breguet.com BREGUET BOUTIQUE 2 BAYFRONT AVENUE THE SHOPPES AT MARINA BAY SANDS #61-119/120 SINGAPORE +65 *****006
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,201.27 (+10.19) GSTI FUTURES 3,200.00 (+10.00) GSIMSCI 369.64 (+1.55) GSIMSCI FUTURES 370.30 (+2.20) STOCKS Friday Change KL COMP 1,789.87 +5.67 NIKKEI 225 15,165.92 +289.51 HANG SENG 23,032.15 +383.00 SET 1,420.66 +4.97 JAKARTA 4,335.45 -31.92 MANILA 6,346.40 +18.52 KOSPI 2,005.64 +38.08 SHENZHEN B 840.24 +8.79 MUMBAI IND Closed 11am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.485 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.609 2.009 EURO (US$/S$/€ 1.345 1.679 Foreign currency per US$ S$ YEN 100.20 80.20 RM 3.198 2.561 HK$ 7.754 6.210 BAHT 31.62 25.32 RUPIAH 11,598 9,289 RENMINBI 6.093 4.880 INDIAN RUPEE 63.12 50.55 A$ 1.071 0.858 NZ$ 1.206 0.966
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    • Article
      Lock icon Temasek sells shares in Facebook
      520 2  -  It also offloads stakes in two other US firms, but sources say it remains focused on US market By Michelle Quah michquah@sph.com.sg Singapore SINGAPORE investment firm Temasek Holdings has offloaded its stakes in US-listed social networking company Facebook, seed maker Monsanto and industrial gas producer
      520 words
    • Article
      Lock icon September retail sales down 5.9%
      456 3  -  Car, telecoms apparatus and computer sectors record double-digit drops By Nisha Ramchandani nishar@sph.com.sg Singapore RETAIL sales slipped 5.9 per cent in September from a year ago as sales of motor vehicles and telecommunications apparatus and computers suffered double-digit declines. Stripping out sales of motor vehicles,
      456 words
    • Article, Illustration
      Lock icon PM Lee: CHOGM a way to engage Colombo constructively
      675 3  -  By Chuang Peck Ming peckming@sph.com.sg Colombo THE youths in multi-coloured costumes on the long and winding road to the Nelum Pokuna Mahinda Rajapaksa Theatre yesterday were not there to greet Bathiya and Santhush. Sri Lanka’s most famous pop duo, along with
      PHOTO: LIANHE ZAOBAO  -  675 words
    • Article
      Lock icon Malaysia’s GDP records stronger Q3 growth
      582 4  -  Reasonably robust expansion of 5% helps keep alive PM Najib’s claim he can cut budget deficit to 4% of GDP this year By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S third quarter registered stronger growth of 5 per cent in real gross domestic product (GDP)
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    • Article, Illustration
      Lock icon Adviser reckons China can achieve constant growth of 8%
      1022 5  -  His pro-growth view seems to have run ahead of China leaders’ public comments on growth By Shu-Ching Jean Chen btworld@sph.com.sg Hong Kong JUSTIN Lin, former chief economist at the World Bank, has been a pro-growth champion of the controversial view that
      FILE PHOTO  -  1,022 words
    • Article
      Lock icon Yen at 2-month low on Yellen remarks, further slide likely
      519 5  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE yen hit a two-month low against the US dollar and a four-month low against the British pound yesterday with analysts predicting that it could go significantly lower in the wake of US Federal Reserve
      519 words
    • Article, Illustration
      Lock icon The Chinese are buying everything – including Bitcoin
      498 6  - The Chinese are buying everything including Bitcoin The second-largest downloader of Bitcoin wallets after the US, China, it seems, has found a new investment By Joyce Hooi joyceh@sph.com.sg Singapore BITCOIN, the poster-currency for anarchy, has found its sweet spot in China, of all countries. There, the cryptocurrency has become a
      PHOTO: REUTERS  -  498 words
    • Article
      Lock icon Solutions to cybersecurity rest in cross-border cooperation: Yaacob
      447 6  -  By Joyce Hooi joyceh@sph.com.sg Singapore THE questions of cybersecurity and hacking might preoccupy individual nations, but the solutions have to be found in cross-border cooperation, the region’s telecommunications and information technology (IT) ministers agreed yesterday. “Of course, we’re concerned. (Hacktivism) is a
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    • Article, Illustration
      Lock icon Brick & mortar retailers turn data smart
      1127 7 Brick mortar retailers turn data smart They’re using technology such as face scans and heat sensors to improve marketing and sales Reuters Berlin THE next time you walk into a shop, consider this: You may not be using your phone, but it is giving out a unique signal that the
      Reuters; PHOTO: AFP  -  1,127 words
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      46 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 13 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 LIVING Design L2-7 Dining L8-9 Style L10-11 Health L12 Shopping L13 Motoring L14-15 Househunt 30 Real Estate 31 Sports L16
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      41 3 FOR SALE PRIME 2-STOREY BUNGALOW D16 Freehold Superb Quality High Ceiling 6 en-suite 1 maid’s room Spacious Living Grand Entertainment Hall Big Pool Park 4 cars Approx. 8800sqft/5400sqft Near Amenities. Sole Marketing Agent Sharon Lee 8101 5665 CBRE Luxury Homes. R*****7G/L*****08E
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      56 6 BS ATS RECRUIT > -ask V i Chevron Oronite has a vacancy for a Sales Account Manager CapitaLand Singapore Limited has a position open for a Design Manager Qatar Airways is recruiting Cabin Crew Panasonic is looking for R&D Engineers Neste Oil is hiring a HSEQ Engineer Check out more
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      105 7 IN THE MATTER OF COMPANIES ACT, CAP 50 EIGHTH DRAGON DEVELOPMENT PTE LTD (REGISTRATION NO.: *****4541H) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the Company will be held at 101 Cecil Street #16-05 Tong Eng
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The future of biotechnology
      1916 8 / 9  -  Nobel laureate Phillip Sharp, whose groundbreaking work is helping save lives, talks about bioscience’s trajectory. By Cai Haoxiang By Cai Haoxiang haoxiang@sph.com.sg THE most exhilarating thing about the life sciences, to hear Nobel laureate and genetics pioneer Phillip Sharp tell it, is that there are still
      PHOTO: YEN MENG JIIN  -  1,916 words
    • Article
      Lock icon Farm boy to Nobel winner
      575 8 / 9 BORN in rural Kentucky and raised on a small family farm that raised animals and sold corn and tobacco, Phillip Sharp grew up not knowing any scientist in his community. His parents never went to college. They were from the generation seared by the Great
      575 words
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  • COMPANIES
    • Article
      Lock icon Banks clear winners amid disappointing Q3
      1052 10  -  Analysts tell BT that the fairly valued Singapore market may underperform Asean peers, while North Asia is most attractive By Cai Haoxiang haoxiang@sph.com.sg Singapore LOCAL banking groups DBS Group Holdings, OCBC Bank and United Overseas Bank (UOB) have stood out as clear winners amid
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    • Article, Illustration
      Lock icon UOB expands China presence; DBS opens new Yangon office
      543 10  -  By Siow Li Sen lisen@sph.com.sg Singapore SINGAPORE banks are stepping up their business presence in the region as growth moderates at home. Opening its 11th office in China yesterday, United Overseas Bank (UOB) said increased trade between China and South-east Asia
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    • Article
      Lock icon Huge fair-value swings for penny stock trio
      890 11  -  Mixed fortunes for Asiasons, Blumont and LionGold in quarterly results By Lee Meixian leemx@sph.com.sg Singapore DRASTIC changes in the fair values of financial assets belonging to the troubled penny stock trio Asiasons Capital, Blumont Group and LionGold Corp led to huge swings in
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    • Article
      Lock icon F&N bondholders’ ‘no’ vote puts spanner in property unit spin-off
      593 11  -  NEWS ANALYSIS By Lisa Lee lisalcc@sph.com.sg Singapore FRASER Neave (F&N) bondholders’ Thursday vote against an amendment of its bond terms has put a spanner in the works of the conglomerate’s bid to spin off its property unit, with no quick
      593 words
    • Article
      Lock icon Hive of activity in bond market from mid-caps
      498 12  -  They capitalise on low interest rates, locking in funding before money becomes more costly By Siow Li Sen lisen@sph.com.sg Singapore SINGAPORE mid-caps are seizing on the low interest rates to issue more bonds, locking in funding before money becomes more expensive. Their
      498 words
    • Article, Illustration
      Lock icon Gold analysts more bullish on Fed stimulus outlook
      561 12 Bloomberg London GOLD analysts are the most bullish in six weeks as Janet Yellen, the nominee to run the US Federal Reserve, signalled the US central bank is in no hurry to curb economic stimulus, reviving demand for the metal as a
      Bloomberg; PHOTO: BLOOMBERG  -  561 words
    • Business briefing
      • Article
        Lock icon SIA senior VP of finance leaving on Feb 1
        69 12 SINGAPORE Airlines’ senior vice-president of finance Chan Hon Chew, 48, is stepping down to pursue other career opportunities, SIA said in a release to the Singapore Exchange yesterday. Mr Chan, who assumed the role in 2006, will relinquish the position on
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      • Article
        Lock icon Gallant Venture establishes note programme
        44 12 GALLANT Venture has established a US$500 million euro medium term note programme. The company has appointed DBS Bank to act as the arranger of the programme. DBS and CIMB Bank Berhad will also act as dealers of the programme.
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      • Article
        Lock icon Suntec Reit buys Sydney CBD property
        80 12 SUNTEC Real Estate Investment Trust (Suntec Reit) has bought a 100 per cent interest in 177-199 Pacific Highway, a freehold land and property to be developed, for A$413.2 million (S$480.6 million). The property will be a 31-storey A grade commercial tower in North Sydney’s
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      • Article
        Lock icon SIA’s passenger carriage up 1.1% in October
        87 12 IN October, Singapore Airlines’ systemwide passenger carriage (in revenue passenger kilometres) increased 1.1 per cent, while capacity inched up 0.2 per cent. As a result, passenger load factor (PLF) grew by 0.7 percentage point to 78.5 per cent. PLF improved across all route
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      • Article
        Lock icon ST Engg CEO named Asia Business Leader of the Year
        70 12 ST Engineering’s president and CEO Tan Pheng Hock has been named the Asia Business Leader of the Year by CNBC at its 12th Asia Business Leaders Awards (ABLA). Mr Tan is the first Singaporean to have won this award since
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    • Article
      Lock icon Brunei prince taking substantial stake in KLW
      214 12 KLW Holdings is roping in Prince Abdul Qawi, the eldest son of Prince Mohamed Bolkiah, Minister of Foreign Affairs and Trade of Brunei, as a strategic investor. The company will issue to him 500 million new shares at two cents each, representing about
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    • Article, Illustration
      Lock icon It’s ‘risk on’ again, thanks to Yellen
      627 13  -  Incoming Fed chairman’s comments this week spark two all-time highs on Wall Street, and a 24-point gain for STI STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent JANET Yellen hasn’t yet assumed the role of chairman of the US Federal Reserve but already she is
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    • Article
      Lock icon TOP 20 ACTIVES
      208 13 VOL CLOSE Go l den Agri 127 832 60.5 2 0 3 4 YHM 72 ,843 5.9 0 1 1 7 HPH Trust US$ 68 ,264 69 0 6 0 7 WE H l dgs 62 445 3.8 0 2 5 6 Europtron 61 71 5 5.8
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    • Article
      Lock icon STI STOCKS
      111 13 Stock name Close Change CapMallsAsia 2.030 CapitaLand 3.070 +0.030 CapitaMall 1.990 +0.010 CityDev 10.17 +0.120 ComfortDelGro 1.890 -0.015 DBS Grp 17.09 GLP 3.130 +0.130 Genting SP 1.440 Golden Agri 0.605 +0.020 HK Land 6.290 +0.040 HPH Trust US$ 0.690 +0.005 JMH 52.29 -0.200 JSH 32.25 -0.080 Jardine C&C
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    • Article
      Lock icon TOP GAINERS
      60 13 BY CENTS CLOSE UP Lyxor Indonesia10US$ 7855 340.8 3.6 IS S&P500 ***** 320.9 1.4 DBXT MSKorea 10US$ 6249 161.1 2.1 DBXT MSCHINA 10US$ 1234 21.2 1.4 Jardine C&C 3442 21.0 0.6 Wilmar.ES.1311 359 19.0 5.6 Lyxor LatinAmerica 1 678 18.7 2.3 Hyflux 6% CPS 10 ***** 15.0 0.1
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    • Article
      Lock icon TOP LOSERS
      63 13 BY CENTS CLOSEDOWN DBXT Nifty 10US$ 9829 -702.9 -5.4 DBS Bk 4.7% NCPS 100 ***** -50.0 -0.5 Lyxor ThaiSET 10US$ ***** -47.4 -0.3 IS MS India 100US$ 545 -33.7 -4.7 GLD 10US$ ***** -30.0 -0.2 JMH 5229 -25.0 -0.4 DBXT MSINDO 10us$ 1233 -22.5 -1.4 DBXT S&P Short
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      23 13 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES
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    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      147 13 FIABCI Pnx d Excellence Award 2013 s i n a r a n M ym %s|| ii L Hill Hi uai The penthouses of Soleil Sinaran embody the very finest in ultimate luxury living. The desirability is further heightened by the rarity of these 5-bedroom single storey penthouses, each spanning
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  • SINGAPORE
    • Article
      Lock icon Power prices fall on higher supplies
      383 14  -  October’s wholesale price of $159 MW/H a new monthly low for this year By Ronnie Lim ronnie@sph.com.sg WHOLESALE electricity prices here fell in September and October, hitting a new monthly low for this year last month, as a result of increased supplies, market operator
      383 words
    • Article, Illustration
      Lock icon Review committee seeks views on MediShield
      455 14  -  By Nisha Ramchandani nishar@sph.com.sg TASKED with establishing a viable framework for MediShield Life, the 11-member MediShield Life Review Committee who hail from various sectors will seek views from both specialists and the public over the next six months before releasing their recommendations to the
      455 words
    • Briefing
      • Article
        Lock icon Forex trading school, NTUC launch trainee dealer scheme
        116 14 SIX Capital, a foreign exchange trading and training company, has partnered the National Trades Union Congress’ Employment and Employability Institute (e2i) to launch a training programme designed to groom aspiring individuals into professional FX dealers. The Place-and-Train Programme for FX Dealers will
        116 words
      • Article
        Lock icon URA, Esri sign urban planning technology pact
        79 14 THE Urban Redevelopment Authority (URA) and mapping technology giant Esri have signed a two-year memorandum of understanding under which Esri will commit to investing in the development of 3D Geographic Information System technology in collaboration with the URA, and provide it with local
        79 words
    • Article
      Lock icon LTA awards $757m in MRT contracts
      307 14  -  By Carine Lee carinel@sph.com.sg THE Land Transport Authority (LTA) has awarded two civil contracts totalling $757 million for Thomson Line's Springleaf and Upper Thomson stations. At a contract sum of $383 million, construction of Springleaf station and its associated tunnels was awarded to Leighton
      307 words
    • Article, Illustration
      Lock icon S’pore firms step up to help Haiyan victims
      493 15  -  Aside from cash, moves include free money transfers, discounted courier fees By Kelly Tay kellytay@sph.com.sg ON top of providing cash donations to areas devastated by Typhoon Haiyan, Singapore corporates have rallied to launch a host of initiatives to aid recovery efforts in
      PHOTO: AP  -  493 words
    • Article, Illustration
      Lock icon CapitaLand staff cheer up kids
      233 15  -  By Kelly Tay kellytay@sph.com.sg IN conjunction with its 13th anniversary, CapitaLand gave 200 staff including senior management time off from work yesterday for a full-day volunteerism initiative. As part of its first CapitaLand Volunteer Day, staff were deployed to refurbish and provide the homes of
      233 words
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      Lock icon Page 15 Advertisements Column 1
      243 15 Have a drink on us at inITALY! Enjoy a complimentary bottle of Chef Mario‘s signature Caramella Selection wine (valued at $88) with every four adult diners Venue: inITALY, 38 Craig Rd, Singapore *****6 Reservations: Tel: (65) 6423 0918 Email: reservations@initaly.asia Website: initaly.asia Terms Conditions: Promotion valid from 16 November to
      243 words
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      98 16 I 7 *r. f V*M '/fj x r w H ►V /< wT r r-lT ey —w ■as K——/i UJ f TRADE-IN PRICE SELL YOUR CAR AT SGCARMART.COM Over 2 million potential eyeballs for your car monthly* Free settlement for car loans, insurance, documentation and ownership transfer V. New Car
      98 words
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  • WORLD
    • Article, Illustration
      Lock icon Barclays finds buyer for high-risk bond
      414 17 Market in Europe for such new-style hybrids may grow to 450-600b euros Reuters London A HIGH-risk jumbo CoCo sold by Barclays this week has revealed the deep pockets of the US investor base and opened the door for other European banks to begin tackling
      Reuters; PHOTO: REUTERS  -  414 words
    • Article
      Lock icon October factory output grows more than forecast
      302 17 LATEST US DATA Bloomberg Washington FACTORY production in the United States rose more than forecast in October, indicating the partial government shutdown did little to halt the pickup in manufacturing at the start of the fourth quarter. US stocks advanced, with benchmark gauges
      Bloomberg  -  302 words
    • Briefing
      • Article
        Lock icon China to loosen decades-old one-child policy
        83 17 AP Beijing China will loosen its decades-old one-child policy and abolish a much-criticised labour camp system, its ruling Communist Party said yesterday. Under the new family-planning rules, couples can have two children if one of the parents is an only child. The labour camp
        AP  -  83 words
      • Article
        Lock icon German bid to weaken bank union gets frosty reception
        80 17 Reuters Brussels Germany found itself isolated yesterday in attempting to overturn a central plank of banking union, encountering heavy resistance to its bid to prevent the use of eurozone funds to repair troubled lenders. Berlin’s objections, backed only by Finland and
        Reuters  -  80 words
      • Article
        Lock icon Generic drugs seen limited in WikiLeaks trade document
        143 17 Bloomberg San Francisco Access to cheaper drugs in other countries may be limited by a provision sought by the US in a Pacific trade deal, according to patent specialists who reviewed a document exposed by the WikiLeaks anti-secrecy group. The proposal would
        Bloomberg  -  143 words
    • Article, Illustration
      Lock icon Japan slashes greenhouse gas emission target
      454 18 Lower 2020 goal takes into account the idling of nuclear reactors after Fukushima accident AFP Tokyo JAPAN said yesterday it was dramatically scaling back its greenhouse gas emission target after the Fukushima nuclear accident forced the country to turn to fossil fuel-burning energy sources,
      AFP; PHOTO: AP  -  454 words
    • Article
      Lock icon 180-strong Japan business delegation heading to China
      250 18 AFP Tokyo A JAPANESE business delegation will head to China next week, the largest since a heated territorial dispute hammered diplomatic and trade relations between the Asian giants, an official said yesterday. Nearly 180 Japanese executives are to visit Beijing from Monday to
      AFP  -  250 words
    • Article
      Lock icon Shadow banking industry grows to US$71t: FSB
      197 18 Bloomberg London THE shadow banking industry grew to about US$71 trillion, an increase of US$5 trillion in 2012, even as it shrank in the UK and the eurozone, the Financial Stability Board (FSB) said. The US share of the shadow banking system, which
      Bloomberg  -  197 words
    • Article
      Lock icon Suitors want sweeter deal for Spain banks
      738 19 Bankers say Madrid may have to pump more money into nationalised NCG and Catalunya Reuters Madrid POTENTIAL buyers of Spain’s rescued banks, which include foreign investors, are pressuring the government to sweeten sales with more state aid, just as Madrid pulls its financial
      Reuters  -  738 words
    • Article, Illustration
      Lock icon EU to improve seasonal workers’ job conditions
      281 19 AFP Brussels SEASONAL workers from outside the European Union (EU) are set to get better conditions, including a minimum wage and accommodation, under a deal on Thursday between the European Parliament and 28 national delegates. Some 100,000 workers a year will see a
      AFP; PHOTO: REUTERS  -  281 words
    • Article
      Lock icon Barclays to eliminate 1,700 jobs at its British branches
      212 19 Bloomberg London BARCLAYS plc, the UK’s second largest bank by assets, will cut 1,700 jobs in its British branches, according to labour union Unite. Cashiers, branch managers and support staff will see their jobs eliminated and were told on Thursday, Unite
      Bloomberg  -  212 words
    • Article, Illustration
      Lock icon Lockheed Martin to cut 4,000 jobs
      496 20 Contractor will also close some plants amid decreased US military spending Bloomberg Washington LOCKHEED Martin Corp said it will cut 4,000 jobs and close some operations in response to decreased federal spending, even after third-quarter profit rose 16 per cent. The cuts affect four
      Bloomberg; PHOTO: AP  -  496 words
    • Article
      Lock icon US, France ink deal on anti-tax evasion
      249 20 Reuters Washington THE United States has signed an anti-tax evasion agreement with France, the 10th country to join a US global dragnet that goes into effect next July, the US Treasury said. The Foreign Account Tax Compliance Act (Fatca), enacted in 2010, will
      Reuters  -  249 words
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      Lock icon Page 20 Advertisements Column 1
      53 20 HOT PROPERTY wfcV reno V? m i' d 5H 3150/4600 S f s elH$3xx Mup. V Must s^ ew CHEAPJ $toxx psfi 5 rmc 2700 3000 sqft Mera 9‘EAST HOUSES FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT SELL
      53 words
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      Lock icon Page 20 Advertisements Column 2
      20 20 www.omy.sg eat.omy.sg BBffittftlia W Mi if r\ jiw> VS Download omy Apps o S!VV life omy News iOSAppStore Google Play
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8110 21 Transaction date: Nov 15 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.5 8Telecom 12.5 11.5 13.6 10.6 0.9 10.3 59.9 20 3.2 A-Sonic 10.7 -0.5 6891 11 10.6 10.7 10.8 1.2
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    • Article
      Lock icon SGX CATALIST
      1878 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 29 25.5 32 28.6 27.5 17.1 t 800 Super 24 22 25 3.2 4.2 7.5 42.9 6.2 2.8 t AA
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 1 0 0 0 8 5 1 Manufacturing 48 40 47 5 8 11 53 48 58 Commerce 16 21 21 4 1 5 20 22 26 Tpt/Stor/Comms 17 11 11
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      796 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Best World Int'l 14-Nov-13 D2 Investment Pte Ltd Buy 200 0.19 ***** 36.75 ***** 36.85 Best World
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,264 15,264 53,990 53,990 Manufacturing 297,328 72,421 369,749 166,757 3,351 170,108 Commerce 147,673 223,607 371,280 57,991 12,820 70,811 Tpt/Stor/Comms 157,712 16,796 174,508 160,683 2,562 163,245 Finance 48,040 1,620 49,660 117,061 557 117,617 Construction 27,341 86,717
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Nov 14 COCOA (£/tonne) Close Prev High Low Dec 13 1710 1703 1715 1698 Mar 14 1711 1708 1716 1698 May 14 1707 1704 1710 1694 Jul 14 1703 1700 1704 1688 COFFEE(US$/tonne) Close Prev High Low Nov 13 1437 1455 1453 1446 Jan 14 1447 1465 1467 1441
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    • Article
      Lock icon METALS
      65 25 Nov 15 GOLD(US$/oz) Oct 14 Nov 15 Hong Kong 1291.00 1294.00 Nov 13 Nov 14 London 1274.92 1289.61 1275.87 1290.38 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.48 25.71 Source: UOB PLATINUM Lon (US$/oz) Nov 14 Close Previous PM Fix 1451.00 1438.00 AM Fix 1450.00 1436.00 Source:
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    • Article
      Lock icon PALM OIL
      53 25 Nov 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2577.0 1245 Dec 13 2565.0 2582.0 2618.0 2564.0 847 7753 Jan 14 2586.0 2589.0 2620.0 2571.0 ***** ***** Feb 14 2591.0 2591.0 2620.0 2573.0 ***** *****
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Nov 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.212 1.166 Euro 1.715 1.634 Sterling pound 2.039 1.961 NZ dollar 1.055 1.015 US dollar 1.271 1.211 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
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      Lock icon CHICAGO BOT
      104 25 Nov 14 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 13 1317.25 1319.75 1323.75 1314.75 Jan 14 1313.50 1315.00 1321.50 1305.00 Mar 14 1297.50 1298.25 1304.00 1288.25 May 14 1280.25 1280.50 1285.25 1270.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 13 40.97 40.96 41.47 40.86
      104 words
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        Lock icon Straits Times Index
        19 25 YTD change:+1.08% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,931.60 on Nov 16,2012 Source: Bloomberg
        Source: Bloomberg  -  19 words
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        Lock icon Hang Seng Index
        20 25 YTD change:+1.66% 52-week high: 23,944.74 on Feb 4, 2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
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        Lock icon Shanghai Stock Exchange Composite
        21 25 YTD change: -5.87% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
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        Lock icon Nikkei 225
        19 25 YTD change: +45.89% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,684.23 on Nov 15,2012 Source: Bloomberg
        Source: Bloomberg  -  19 words
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        Lock icon Dow Jones Industrial Average
        25 25 YTD change:+21.15% 52-week high: 15,884.99 on Nov 14,2013 52-week low: 12,471.49 on Nov 16,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  25 words
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      Lock icon LONDON METALS
      72 25 Nov 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1745.50 1748.50 3 months 1791.00 1795.00 Copper, Grade A (US$/tonne) Cash 6989.25 6980.50 3 months 6992.00 6980.00 Lead (US$/tonne) Cash 2074.00 2077.75 3 months 2095.50 2098.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
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      Lock icon OIL
      68 25 Nov 14 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.43 1.51 WTI (Near Mth) 93.85 0.15 Dubai (1-Mth F) 104.21 1.22 Tapis blend 112.30 1.23 Minas 106.50 1.23 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.22 1.64 Jet Kerosene 121.49 1.11 US$/barrel OpecOil Basket Price 104.67
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 14 Index Change Change Change Change Change Change World Preliminary 1150.2 0.5 22.6 0.6 23.0 0.6 20.4 EAFE Preliminary 933.1 0.8 20.5 1.0 18.7 1.1 16.1 Europe Preliminary 1336.3 0.8 16.5
      373 words
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      Lock icon GOVERNMENT SECURITIES
      87 25 Nov 15 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 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.85 5-Year N*****0T 0.5 01-Apr-18 99.63 99.74 99.73 10-Year NX*****H
      87 words
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Nov 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1658 1.1662 0.9338 0.9340 Canadian dollar 1.1927 1.1930 0.9555 0.9553 Euro 1.6792 1.6795 1.3450 1.3451 NZ dollar 1.0350 1.0356 0.8290 0.8294 Sterling pound 2.0083 2.0089 1.6086 1.6089
      155 words
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  • PERSPECTIVE
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      Lock icon Banking for the poor
      851 26 / 27  -  Financial inclusion is about helping to lift the 2.5 billion financially under-served people out of poverty to join the economic mainstream. By Zeti Akhtar Aziz By Zeti Akhtar Aziz ~The writer is governor of Bank Negara Malaysia Project Syndicate MAKING the financial system accessible to the
      Project Syndicate; REUTERS  -  851 words
  • Page 26 / 27 Miscellaneous
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      328 26 / 27 SATURDAY with Ludwig ‘Now you see why I wear sun glasses CRYPTIC CROSSWORD Across 1 Separated and sure to play around (7) 5 Terribly grieved, draw apart (7) 9 Declares a piece of poetry endless (5) 10 Happen to change course (4,5) 11 Tyrant captures northern retreat it’s hopeless (10)
      328 words
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  • Wealth
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      Lock icon Diversification still makes sense
      984 28  -  Having both ‘risky’ and ‘safe’ assets is what makes a carefully balanced portfolio WEALTH INSIGHTS Kevin Gardiner The writer is chief investment officer, Europe, at Barclays THE conventional view is that portfolio diversification didn’t help in the crisis. This is mistaken. Returns polarised: “risky” assets did
      Source: Datastream, Barclays Research; PHOTO: AP  -  984 words
    • WEALTH REAL ESTATE
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        Lock icon HK property in overheating danger
        419 30 HKMA warns that a rise in interest rates following the US Fed’s exit would affect the city Bloomberg Hong Kong HONG Kong’s property market is still in danger of overheating and a rise in interest rates would “indisputably” affect the city, Norman Chan, chief executive
        Bloomberg  -  419 words
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        Lock icon Househunt
        477 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 9 AND OCT 15, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Interlace Apt 14/10/2013 99 1873 2403 1283 District 5 NON-LANDED Village Pasir Panjang
        477 words
      • Article
        Lock icon German Q3 home prices rise the most in 10 years
        144 30 Bloomberg Berlin GERMAN home prices rose by the most in 10 years in the third quarter as more investors and individuals bought apartments amid low interest rates. Prices for houses, apartments and residential buildings climbed 4.9 per cent from a
        Bloomberg  -  144 words
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        Lock icon ‘Shoebox units offer higher rental yield’
        593 31  -  Knight Frank says yields averaged 4.1-5. 2% in various districts but warns that long-term outlook for such property is cloudy By Ong Chor Hao ongch@sph.com.sg Singapore SHOEBOX apartments are offering higher rental yields than the overall leasing market this year, but yields in the
        Source: Realis as at Oct 31.2013, URA, Knight Frank Research  -  593 words
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        Lock icon UK residential tower plan revived
        364 31 Reuters London AN Irish developer is reviving plans to build Europe’s tallest residential tower in London’s Canary Wharf financial district, after it bought the stalled site for £100 million (S$201 million). The site, which sits on Canary Wharf’s north-west corner, was sold by Commercial Estates
        Reuters; PHOTO: BLOOMBERG  -  364 words
      • Article
        Lock icon Online brokerage Redfin raises US$50m capital
        304 31 NYT New York WHILE the online home information space may be crowded, investors seem to believe that Redfin has a good chance of standing out. Redfin, an online real estate brokerage, has raised US$50 million in a new round of mezzanine capital, led by
        NYT  -  304 words
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      131 29 Tracking markets. Capturing opportunities. Do you have time to do both? At UBS, we work hard to help make our clients even more successful. By harnessing the power of over 900 economists, analysts and strategists including specialists in every major market in Asia Pacific who monitor the markets 24 hours
      131 words
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      31 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN PINK GOLD. AL ROY SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AUDEMARSPIGUET .COM
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      67 1 BT Living DESIGNS THAT WORK Companies ramp up productivity with well-designed workspaces L2-5 DESIGN Old hotels get a new lease of life L6-7 THE BUSINESS TIMES WEEKEND NOVEMBER 16 -17 2013 STYLE Spotlight on new European brands L10-11 COVER DESIGN: JENNIFER CHUA PHOTO: KYOOB-ID SHOPPING Clippers’ heritage brew L13 MOTORING
      67 words
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  • BT Living
    • DESIGN
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        Lock icon DESIGN AT WORK
        2441 2 / 3  -  Design firms are working with management to re-interpret the office so that it is an empowering place where staff feel right at home and spend more time in. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg Working on a holiday mood TripAdvisor YOU know the high
        PHOTOS: KYOOB-ID, TAY SUAN CHIANG; PHOTOS: FORWARD 50; PHOTOS: JOSEPH NAIR; PHOTOS: ROOMORAMA  -  2,441 words
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        Lock icon COMEBACK HOTELS
        1351 6 / 7  -  Two have undergone makeovers while the third is back after an absence of more than a decade. Tay Suan Chiang checks in on them Tay Suan Chiang taysc@sph.com.sg Village Hotel Katong A FAMILIAR icon in the East Coast has returned with a new name and new look. What
        1,351 words
    • DINING
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        Lock icon Niche is the new normal
        2431 8 / 9  -  Tired of tapas bars and hipster brunch spots? Debbie Yong looks at a journalists’ bar, a cat cafe and two eateries specialising in ribs and wings that are offering fresh dining experiences with their esoteric concepts Debbie Yong debyong@sph.com.sg Scoop 19 Ann Siang Hill Z6536
        PHOTO OF BAR BY JOSEPH NAIR; PHOTO: AFP; PHOTOS: JOSEPH NAIR  -  2,431 words
    • STYLE
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        Lock icon CONTINENTAL TILT
        1402 10 / 11  -  Understated European marques are muscling in on the luxury scene, traditionally dominated by splashy flagships and high-wattage branding. By May Yip By May Yip THEY may lack the flash, sex appeal and superstar names synonymous with luxury marques such as Gucci, Vuitton and Prada, but the latest continental
        PHOTOS: HARRY MYERS/REX FEATURES, SAVILE ROW; PHOTOS: BRIONI; PHOTOS: VALEXTRA  -  1,402 words
    • HEALTH
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        Lock icon Blood thinning agents that one must be wary of
        1337 12  -  Do not take aspirin for prevention of heart attack if you do not have significant heart disease. There is no definitive evidence that aspirin is effective for those who have never had a heart attack Aspirin, even at a low dose,
        FILE PHOTO  -  1,337 words
    • SHOPPING
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        Lock icon Holistic heritage brew
        991 13  -  1872 Clipper tea wants its customers to not only see and smell their brand of tea but also to taste it at the retail level. By Cheah Ui-Hoon l l By Cheah Ui-Hoon uihoon@sph.com.sg WHEN your family once owned sprawling tea plantations and have the knowledge and
        PHOTOS: ARTHUR LEE  -  991 words
    • MOTORING
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        Lock icon Practical beauty
        691 14  -  The BMW 5 Series Gran Turismo gets a mid-life makeover. By Samuel Ee By Samuel Ee samuelee@sph.com. sg ONCE it may have been viewed as an unusual animal, but time and a mild facelift have managed to transform the BMW 5 Series Gran Turismo into something of a
        691 words
      • Article, Illustration
        Lock icon The ultimate off-roader?
        765 15  -  Restaurateur Ricky Ng may be trading in his rugged Land Rover for something with a different kind of off-road capability. By Samuel Ee driving style By Samuel Ee samuelee@sph.com. sg FOR someone who has bought and sold more than 20 cars and motorcycles in the last 25
        PHOTO: ARTHUR LEE  -  765 words
    • SPORTS
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        Lock icon Future in the ring is on the line
        922 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent MANNY Pacquiao could well be forgiven if he isn’t quite himself in the days leading up to arguably the most important boxing match of his life. How could he, quite frankly? His country, the Philippines,
        PHOTOS: AP, RAJ NADARAJAN /THE STRAITS TIMES  -  922 words
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      1021 4 / 5 wine& dine with BTWeekend Cafe Mocha Marina Mandarin, Singapore Level 1 6 Raffles Boulevard Thanksgiving Specials Takeaways, Nov 25-28 For the first time, Conrad Centennial Singapore brings you Thanksgiving-On-The-Run, the perfect homemade Thanksgiving feast, straight from our kitchen to your celebration table. Indulge in our signature Apple Honey-Glazed Roast Turkey
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