The Business Times, 10 September 2014

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Microfilm: NL33242
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Wednesday, eptember 10, 2014
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  • Article
    Lock icon BOA: Real estate market bogged down by 3 factors
    581 1  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPORE] Mixed results from Singapore’s transition to a productivity-driven growth model, coupled with tighter population policies and housing measures, are weighing on the real estate market, said Bank of America Merrill Lynch (BOAML) in a report
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  • Article, Illustration
    Lock icon Motor distributors gearing up for COE boom
    645 1  -  Up to 52,000 cars due for deregistration from now till mid-2015; further 107,000 cars due following year By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Motor distributors are gearing up their operations for a boom in certificates of entitlement (COEs) next year, including one brand which
    FILE PHOTO  -  645 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,342.96 (+7.77) GST INDEX FUTURES 3,343.00 (+7.00) GSIMSCI 377.54 (+0.40) GSIMSCI FUTURES 377.40 (+0.40) US$ S$ US$ (S$ per US$) 1.261 (US$/S$ per 1.609 2.029 EURO (US$/S$/€ 1.287 1.622 Foreign currency per US$ S$ YEN 106.30 84.40 RM 3.191 2.531 HK$ 7.750 6.148 BAHT 32.10 25.46 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,874.12 +3.03 NIKKEI 225 15,749.15 +44.04 HANG SENG Closed SET INDEX 1,583.18 -1.59 JAKARTA COMP 5,197.12 -49.36 MANILA COMP 7,253.67 -61.27 SEOUL COMP Closed SHENZHEN B 968.25 +0.95 MUMBAI IND 27,265.32 -54.53 12 noon EDT Change DOW 17,048.29 -63.13 NASDAQ 4,578.98 -13.31
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.35 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 15.033 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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      185 1 COMMENTARY Scotland’s exit is now a distinct possibility PAGE 20 S’PORE NEWS HDB details plans for three new housing districts PAGE 12 PROPERTY Another potential deal for Midlink Plaza site? EXEC MONEY Through-train will draw capital to HK PAGE 32 PAGE 6 Get into gear for race down memory lane
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  • TOP STORIES
    • Article, Illustration
      Lock icon Riady: Jakarta bungled in stalling DBS deal
      595 2  -  But he says country should be judged by reforms over the past decades B)’ ANITA GABRIEL ahitag@sph.com.sg @AnitaGabrie|BT [SINGAPORE] The chief executive of one of Indonesia’s biggest conglomerates, Lippo Group’s James Riady admitted that the Indonesian government made a “big mistake” when it
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    • Article
      Lock icon Moody’s plans to boost bank rating methods
      328 2  -  BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPORE] Moody’s Investors Service is proposing revisions to its Bank Rating Methodology to reflect the insights gained from the global financial crisis and the fundamental shift seen in the banking industry and its regulations. One of the key
      328 words
    • Article
      Lock icon Correction
      26 2 IN “Consult business sector on policy, SICCI urges govt” (BT, Sept 9), the headline should read SCCCI, not SICCI. We are sorry for the error.
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    • Article
      Lock icon THREE-MINUTE DIGEST
      450 2 Motor distributors gearing up for COE boom MOTOR distributors are gearing up their operations for a boom in certificates of entitlement next year. FRONT PAGE BOA: Real estate market bogged down by 3 factors SINGAPORE’S transition to a productivity-driven growth model, coupled with tighter population policies and housing
      450 words
    • Article, Illustration
      Lock icon Early MH17 findings open up legal avenue for MAS
      748 4  -  By ANITA GABRIEL anitag@sph.com.sg [SINGAPORE] A preliminary 34-page report on Malaysia Airlines Flight 17 crash has effectively cleared Malaysia Airlines of blame in terms of aircraft condition, flight route and the crew’s competence, concluding instead that the Boeing 777 “broke up
      PHOTO: REUTERS  -  748 words
    • Article, Illustration
      Lock icon Foreign developers in town to woo Asian buyers
      705 4  -  By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Global property launches are gathering pace in this part of the world as more overseas developers start wooing the Asian rich. At least two foreign developers are in town this week to kick off their global
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    • Article, Illustration
      Lock icon Singapore to also revise Causeway toll charges
      360 4  -  Minister says it ensures a fair distribution of total revenues YESTERDAY IN PARLIAMENT Reports by MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] Singapore will in due course change its Causeway toll charges in line with Malaysia’s latest revision, as the principle of matching continues to
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    • Article
      Lock icon Aspire proposals part of bigger efforts: Indranee
      621 4 Govt had introduced applied education in schools, universities [SINGAPORE] The Applied Study in Polytechnics and ITE Review (Aspire) committee’s recommendations are part of the government’s overall efforts to develop a greater applied education framework in Singapore, to complement its wider economic restructuring efforts.
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      102 2 >14 Productivity Act now. Transform Crow your f NATIONAL PRODUCTIVITY CONFERENCE EXHIBITION 7 8 October 2014 Suntec Singapore, Hall 405 www.npm.sg One-stop productivity exhibition and conference showcasing consultation clinic and the latest offerings in automation, robotics, industrial engineering and financial solutions aimed at helping companies in their productivity journeys. CREATE
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      171 2 NOW OPEN Driving Medical Technology and Health Care Innovations NETWORK with more than 1,000 companies from 35 countries i. MEDICAL k. MANUFACTURING ASIA MEDICAL FAIR 4 ASIA 10 th International Exhibition on Hospital, Diagnostic, Pharmaceutical, Medical Rehabilitation Equipment Supplies EXPLORE the latest in cutting-edge medical manufacturing processes and health care
      171 words
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      100 3 Breguet, the innovator, Creation of a peerless style, 1775 With a particularly refined and timeless design, Breguet renewed the traditional horological aesthetic of the late 18th century. Today, the Classique 7787 model, indicating the age and phases of the moon, is a contemporary interpretation of the Breguet style: white grand
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      304 5 BLVD HEIGHTS THE ULTIMATE URBAN LIVING EXPERIENCE IN THE HEART OF DOWNTOWN DUBAI Walking distance to Burj Khalifa, The Dubai Mall and The Dubai Fountain Views of The Opera District Sales start on Saturday 13th September at 2pm Singapore: Grand Hyatt Singapore, 10 Scotts Road First come, first served Register
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Another potential deal for Midlink Plaza site?
      572 6  -  China’s Nanshan Group said to be in talks for purchase at about S$270m By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT ANOTHER deal could be brewing for the sale of the former Midlink Plaza site in Middle Road, after an earlier proposal to inject the property
      572 words
    • Article
      Lock icon Why funding costs are still low for companies
      531 6  -  Basel III not evenly implemented; banks flush with liquidity By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THE uneven implementation of regulations such as Basel III, together with a continued surge in liquidity, has led to low funding costs for today’s corporations, and in particular,
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    • COMPANY BRIEFS
      • Article
        Lock icon W Corp off SGX watch-list
        44 6 W CORPORATION has successfully applied to be removed from the SGX watch-list with effect from Sept 10. The company was placed on the watch-list on March 5 this year and applied for removal from the list on Sept 8.
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      • Article
        Lock icon Board changes at ITE Electric
        159 6 THE boardroom changes at ITE Electric continue, with independent directors Bernard Soo and Wu Tern Yue resigning. Mr Soo, who was appointed in 2006 and was a member of the audit and remuneration committees, is leaving to focus on his current business. Mr Wu was
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      • Article
        Lock icon GLP inks China lease agreements
        40 6 GLOBAL Logistic Properties has signed new lease agreements totalling 87,000 sqm (936,000 sq ft) with three leading third-party logistics companies in Eastern and Midwestern China. It is extending strategic partnerships with Sinotrans and Best Logistics.
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    • Article
      Lock icon Swiber sells 450m yuan of Lion City bonds
      301 7  -  Notes are part of the company’s S$1b multi-currency debt programme By MINDY TAN tanmindy@sph.com.sg @MindyTanBT SWIBER Holdings has sold 450 million yuan (S$92.5 million) of 7.75 per cent offshore renminbi notes due 2017 at par, the offshore construction and support services provider
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    • Article
      Lock icon Comeback seen for this sukuk segment
      301 7  -  Infrastructure, corporate issuance pickup likely: S&P By MINDY TAN tanmindy@sph.com.sg @MindyTanBT CORPORATE and infrastructure sukuk issuance is likely to rise over the next few years in spite of the year-on-year dip in issuance over the past eight months, said Standard Poor’s Ratings Services on
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    • Article, Illustration
      Lock icon Rakuten buying Ebates for US$1b
      324 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT RAKUTEN, the e-com-merce giant that acquired Singapore video startup Viki a year ago for US$200 million (the biggest known buyout for a startup here), on Tuesday announced its newest acquisition as part of plans to expand its digital offerings beyond
      PHOTO: BLOOMBERG  -  324 words
    • Article
      Lock icon SPH acquires Luxury-Insider.com
      218 7  -  By JAN LEE janlee@sph.com.sg SINGAPORE Press Holdings (SPH) yesterday announced that its subsidiary SPH Magazines has acquired Asia’s leading online luxury publication, Luxury-Insider.com, from WhiteWave Media Group (WWMG). Luxury-Insider.com, launched in 2006 by Julian Peh, CEO of WWMG, a regional luxury media group, was Asia’s first completely
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    • Article, Illustration
      Lock icon Merger talk rattles STATS ChipPAC bond investors
      1038 10 Worry over Temasek’s potential sale of stake in chip-tester Bloomberg SINGAPORE investment company Temasek Holdings’ potential sale of its stake in chip-tester STATS ChipPAC is rattling bond investors. The yield on the semiconductor company’s US dollar-denominated 2016 notes has surged 24 basis points
      Bloomberg; PHOTO: REUTERS  -  1,038 words
    • Article, Illustration
      Lock icon SGX, Taiwan working to build trading link
      357 10  -  By KENNETH LIM kenlim@sph.com.sg @KennethLimBT THE Singapore and Taiwan stock exchanges will aim to build a trading bridge between the two markets, the bourses announced on Tuesday. The aim is to offer members of each exchange an efficient, cost-effective and direct way to
      357 words
    • Article
      Lock icon Olam to build dairy processing plant in Uruguay for US$80m
      390 10  -  By ANDREA ANDREA SOH sandrea@sph.com.sg @AndreaSohBT OLAM International is ploughing in US$80 million to set up a new dairy processing facility in Uruguay, which it says will help it fully integrate its dairy supply chain. The facility will have an
      390 words
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      26 6 OUT NOW IN BOOKSTORES* KINOKUNIYA TIMES MPH POPULAR ON APP STORE http://goo.gl/84yPpx ON GOOGLE PLAY http://goo.gl/qXrZMV THE PEAKSELECTIONS GOURMET TRAVEL DIGITAL IS AVAILABLE ON MOBILE DEVICES
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      44 6 A r I \W 4 ;> Win S$9,200 cash by identifying the five mystery celebrity voices! Tune in now to Kiss92's Maddy, Jason Arnold in the Morning, weekdays 6:00 -10:00am! D facebook.com/kiss92fm 0 (3jkiss92fm www.kiss92.sg Download on the V AppStore ANDROID APP ON Google play
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      158 7 Best £W to Tk&mt, cities with these exclusive all-in MasterCard® fares from d A *§m' /X j<r*s r i I r <*k rr*» > -\V*C> i I c= vr r.t Book now to enjoy these one-to-go super fares* Call your favourite Travel Agent or visit thaiairways.com.sg For hotel packages, contact
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      154 7 NASHMIR CAPSULE SDN BHD MANUFACTURER EXPORTER HALAL EMPTY HARD GELATIN CAPSULE 4. Assurance of supply as per customer needs delivery schedule 4- Ensuring quality product 4- Product services after sales technical assistance 4. Innovation driven culture for ensuring customer satisfaction 4. Capsule truly HALAL (certified by JAKIM Islamic Development Department
      154 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Banks help STI recover Monday loss
      618 8  -  But market advance-decline score is weak at 188 to 225; over 400 stocks are either not traded or unchanged STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE closure of Hong Kong for the mid-autumn festival holiday meant that volume done in the local market
      Source: Bloomberg  -  618 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 9 VALUE CLOSE BT OB/OS -361.00 +31.00 BT CADI -*****.00 -26.00 BT 10-day MA -*****.00 -36.00 FTSE ST Mid Cap 780.91 +0.18 FTSE ST Small Cap 549.72 -0.83 FTSE ST All Share 812.27 +1.40 FTSE ST China Top 198.75 +0.25 FTSE ST China 230.20 +0.47 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 3 5 0 0 0 6 3 5 Manufacturing 42 51 41 12 7 15 54 58 56 Commerce 15 18 22 5 7 4 20 25 26 Tpt/Stor/Comms 13 14 15
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      860 8  -  Compiled by JOYCE HOOI OUE Hospitality Trust Sept 9 close: S$0.90 OCBC INVESTMENT RESEARCH, Sept 9 WE expect OUE Hospitality Trust (OUEHT) to benefit from a seasonally higher hospitality demand in the second half of this year. A check on the preliminary hotel statistics published by Singapore Tourism
      Source: Bloomberg  -  860 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,300 7,300 28,183 28,183 Manufacturing 234,430 38,890 273,320 115,554 5,258 120,812 Commerce 68,635 42,722 111,357 40,686 2,539 43,225 Tpt/Stor/Comms 71,340 5,871 77,211 73,498 1,107 74,605 Finance 17,535 57 17,592 146,826 14 146,839 Construction 40,321 44,119
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 8 Stock name Close Change Ascendas Reit 2.370 +0.010 CapitaLand 3.320 -0.010 CapitaMall Trust 2.000 +0.010 CityDev 9.810 ComfortDelGro 2.530 -0.010 DBS Grp 18.36 +0.120 Genting Sing 1.205 Global Logistic 2.870 Golden Agri-Res 0.510 HPH Trust USD 0.715 HongkongLand USD 6.860 -0.050 JMH 400 USD 62.80 +0.520
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    • Article, Illustration
      Lock icon US dollar extends its gains in Asia
      510 8 CURRENCIES AFP [TOKYO] The US dollar extended its gains in Asia on Tuesday, hovering around a six-year high against the yen, while the British pound struggled to recover from a sell-off fuelled by fears of Scottish independence. The US dollar bought 106.23 yen
      AFP; PHOTO: BLOOMBERG  -  510 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME APAC Strategic 57,834,000 IHC 49,661,000 Blumont 30,713,000 STATS ChipPAC 30,426,000 Singapore eDev 26,235,000 SunVic Chemical 25,375,000 Digiland Intl 22,048,000 Memstar Tech 21,878,000 Sincap 21,617,000 CNA 21,612,000 VALUE($) DBS Grp 68,057,361 OCBC Bank 49,788,940 UOB 22,410,920 SingTel 21,288,160 STATS ChipPAC 18,646,410 Genting Sing 17,050,055 Keppel Corp 16,042,150
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    • Article
      Lock icon RISES
      120 8 BY CENTS CLOSE UP JMH 400 USD 6280 65.6 0.8 JSH 500 USD 3765 64.3 1.4 DBXT iBoxxSing 5SG$ ***** 16.0 0.1 DBS Grp 1836 12.0 0.7 Fuji Offset 40 10.0 33.3 Sarine Tech 297 8.0 2.8 IS ASIA BND 100S$D 1327 7.0 0.5 IS ASIA HYG100S$D 1378 7.0
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    • Article
      Lock icon FALLS
      130 8 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -221.9 -0.9 Lyxor ThaiSET 10US$ ***** -165.1 -0.9 Lyxor Indonesia10US$ 9462 -162.6 -1.3 GLD 10US$ ***** -145.0 -0.9 DBXT USDIGInfl 5US$ ***** -128.6 -0.4 DBXT AUD Bonds 5AU$ ***** -114.4 -0.5 DBXT iBoxxSvEu 5US$ ***** -105.9 -0.3 DBXT AUDCS 5SG$ *****
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 8 DAILY
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      199 10 $450 Be the first 20 to register before 12 Sept and get an exclusive ShareInvestor Power Bank absolutely FREE. To Get The True “Edge” in Forex You Need to Know When to Enter and Exit The Market. LEARNING OUTCOME: Learn the ONE Key Technique to survive and thrive in the
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      Lock icon Page 10 Advertisements Column 2
      88 10 /2nd An^jal 10-12 November 2014 Suntec Singapore Convention Exhibition Centre www.patientcareasia.com PabienbCare Asia 2014 Event Highlights Network with 250+ healthcare leaders and practitioners Learn from 10 case studies from top hospitals across Asia Opening keynote by Randall Carter, Senior Vice President of Planetree, United States Special rates* for healthcare institutions!
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      38 10 FI'EE FACILITIES MANAGEMENT SOLUTIONS EXPO 2014 14 -16 October 2014 SINGAPORE EXPO HALLS 3 4 www.fmse.com.sg T 1—F TOWARDS A SUSTAINABLE BUILT Tf > 0k ym.fi Egg** To Exhibit: Tel:+65 6319 4021 Email: fmse@sph.com.sg To Visit: Pre-register at www.fmse.com.sg
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      33 10 SEPTEMBER ISSUE OUT NOW! Enjoy40% OFFwhen you subscribe to the print edition now! PLUS 3 lucky subscribers will win a gift hamper from Klipsch and SONOS, worth more than $800 each! Visit www.hardwaremag.com
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      1196 11 ADVERTORIAL Grooming talent for the retail sector Transnational education (TNE) helps develop global-ready workers for Singapore FOR the last six years, the University of Stirling (UoS) has been helping to groom talent for Singapore’s thriving retail sector through its Bachelor of Arts (Honours) in Retail Marketing programme, which it currently
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore firms step up India investments
      512 12  -  Main draw is huge population, new govt will also help By AMANDA EBER aeber@sph.com.sg SINGAPORE companies are increasingly exploring business opportunities in India. Though the uptick started even before Narendra Modi was elected Prime Minister, the new leader’s muchvaunted pro-business approach will give it
      512 words
    • Article, Illustration
      Lock icon HDB details plans for three new housing districts
      374 12  -  They are Punggol Northshore, and first precincts in Bidadari and Tampines North By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE Housing and Development Board (HDB) on Tuesday unveiled detailed plans for the first housing projects in Bidadari and Tampines North, as well as for
      374 words
    • Article
      Lock icon Swee Say stresses need to double productivity gain
      274 12  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT FOCUSING on increasing productivity and investing in human capital is now more important as Singapore’s labour economy shrinks, said labour chief Lim Swee Say at the Singapore Human Resource Congress on Tuesday. He emphasised the need to
      274 words
    • Article, Illustration
      Lock icon New SMU business school dean aims to boost SMEs
      346 12  -  By CAI YONG caiyong@sph.com.sg GERARD George, newly appointed dean of Singapore Management University’s (SMU) Lee Kong Chian School of Business (LKCSB), hopes to use his management expertise to strengthen SMU’s catalytic role in the local business ecosystem. Currently deputy dean of
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    • Article, Illustration
      Lock icon SPH presents artwork gift for nation’s 50th birthday
      254 12 SINGAPORE Press Holdings (SPH) on Tuesday presented a panoramic artwork of the Singapore skyline drawn by British autistic savant Stephen Wiltshire to President Tony Tan Keng Yam as a “Gift to the Nation” for Singapore’s 50th birthday in 2015. The artwork was
      PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  254 words
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      669 12 The Business Times NOTICES NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF 1. GAY HIN ENTERPRISE (PTE.) LTD. Co. Reg. No.*****0638G 2. POLIGO DEVELOPMENT (S) PTE LTD Co. Reg. No.*****0857E Notice is hereby given pursuant to section 296 of
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  • M'SIA/INDONESIA
    • Article, Illustration
      Lock icon M’sian Budget likely to focus on GST, subsidies
      567 14  -  Economists say GST is equitable, and will reduce oil revenue dependence By S JAYASANKARAN in Kuala Lumpur IN exactly a month’s time, Prime Minister Najib Razak will table Malaysia’s 2015 Budget in Parliament which is likely to focus on the much-criticised goods
      PHOTO: LAU FOOK KONG/THE STRAITS TIMES  -  567 words
    • Article
      Lock icon Berjaya Auto soars on Mazda sales
      441 14  -  By PAULINE NG in Kuala Lumpur AT less than 2 per cent, Mazda’s share of Malaysia’s competitive vehicle market is almost negligible, but its strong growth and robust earnings have put its assembler and distributor, Berjaya Auto Bhd, on investors’ radar. In an earnings
      441 words
    • Article, Illustration
      Lock icon New Jakarta governor to extend reforms, increase infrastructure
      706 14  -  By JEFFREY HUTTON in Jakarta INCOMING Jakarta governor Basuki Purnama promises to extend the reforms and infrastructure spending initiatives that have become the hallmark of the administration he has helped lead since 2012 when he was elected the capital’s vice-governor on a
      706 words
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      2045 14 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of LIAN BENG GROUP LTD (the “Company”) will be held at 29 Harrison Road, Lian Beng Building, Singapore *****8 on Friday, 26 September 2014 at 10.00 a.m. for the following purposes:AS ORDINARY BUSINESS:1. To receive
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Beijing urged to speed up promised reforms
      767 15 EU Chamber also warns it of risks of growth falling and incomes stagnating AFP [BEIJING] European businesses in China on Tuesday warned the Communist Party to urgently implement promised reforms or risk seeing growth in the world’s second-largest economy plummet and incomes stagnate.
      AFP  -  767 words
    • Article, Illustration
      Lock icon Fosun boss leads China’s billionaires in global push
      719 15 Guo Guangchang is the country’s 10th richest man Bloomberg [HONG KONG] From the 13th-floor conference room where he leads his senior executives in regular Tai Chi sessions, billionaire Guo Guangchang can look down on colonial-era buildings lining Shanghai’s historic waterfront boulevard, the
      Bloomberg; PHOTO: BLOOMBERG  -  719 words
    • Article
      Lock icon Coal ruling seen as positive for India’s economy
      499 15 Bloomberg [NEW DELHI] The court ruling that threw India’s coal market into crisis last month is also creating an opportunity to overhaul an inefficient industry and may help revitalise the nation’s economy. The crisis was triggered on Aug 25 when the country’s
      Bloomberg  -  499 words
    • Article
      Lock icon Hu slips in Chinese Communist Party rankings: report
      282 15 AFP [BEIJING] Former Chinese leader Hu Jintao has slipped further down the Communist Party rankings, state-run media said on Tuesday, as his successor Xi Jinping consolidates his authority in the oneparty state. The ranking of officials is highly sensitive and closely watched
      AFP  -  282 words
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      1123 15 The Business Times L T/^VT'T/nj 1 P Toll free 1800-289-8822 M I I Email notices@sph.com.sg J B V j B j il www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF EURO FORBES INTERNATIONAL PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****2038H NOTICE
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  • WORLD
    • Article, Illustration
      Lock icon Yen’s sudden fall poses policy dilemma for Japan govt
      721 16  -  Fiscal stimulus to boost economy will tip currency to near free fall: analysts By ANTHONY ROWLEY in Tokyo JAPANESE Finance Minister Taro Aso voiced alarm on Tuesday that the sudden and sharp drop in the yen in recent days might accelerate
      721 words
    • Article
      Lock icon Fund raises US$400m for socially responsible investing
      319 16 Reuters [SYDNEY] LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, said it has raised US$400 million for socially responsible investments in Asia and Africa the largest ever for a fund specialising in low-income emerging market financial services. The
      Reuters  -  319 words
    • Article, Illustration
      Lock icon Ex-SAC fund manager sentenced to 9 years’ jail
      581 16 Bloom berg [NEW YORK] Former SAC Capital Advisors LP portfolio manager Mathew Martoma was sentenced to nine years in prison for the most lucrative insider-trading scheme in history, in what may be prosecutors’ last hurrah in the investigation of billionaire Steven Cohen.
      Bloomberg; Wyeth.PHOTO: REUTERS  -  581 words
    • Article
      Lock icon PayPal to accept payments in bitcoins
      550 16 Bloomberg [SAN FRANCISCO] eBay Inc’s PayPal service will start accepting bitcoins, opening up the world’s second-biggest Internet payment network to virtual currency transactions. “We’re announcing PayPal’s first foray into bitcoin,” Bill Ready, the chief of eBay’s Braintree unit, said at Techcrunch’s Disrupt SF conference
      Bloomberg  -  550 words
    • Article
      Lock icon World Bank warns of global jobs crisis
      510 16 Income inequality also widening in many G-20 nations AFP [SYDNEY] The world is facing a global jobs crisis that is hurting the chances of reigniting economic growth and there is no magic bullet to solve the problem, the World Bank warned on Tuesday.
      AFP  -  510 words
    • Article
      Lock icon Will another royal baby sway Scottish vote?
      386 16 NYT [LONDON] When the upper crust in England contemplate their families-to-be, it is said, they aim for a minimum of two children: an heir to their estates and a “spare” should misfortune befall the first. And so it emerged on Monday that Prince
      NYT  -  386 words
    • Article, Illustration
      Lock icon Facebook’s value exceeds US$200b as share rallies
      770 17 Investors betting on company’s ability to capitalise on mobile advertising Bloomberg [SAN FRANCISCO] Facebook Inc’s market value has exceeded US$200 billion to put it among the world’s biggest corporations, as investors bet on the company to capitalise on the future of mobile advertising.
      Bloomberg  -  770 words
    • Article
      Lock icon WHO: Liberian Ebola cases rising exponentially
      603 17 NYT [MONROVIA] The World Health Organisation (WHO) issued a dire Ebola warning on Monday concerning Liberia, saying that the number of afflicted patients was increasing exponentially, that nearly everywhere in the country has confirmed cases and that all new treatment facilities were overwhelmed, “pointing
      NYT  -  603 words
    • Article
      Lock icon US Justice Dept told of criminal rate rigging
      719 18 CFTC has flagged findings to prosecutors, source says; banks may have run afoul of Dodd-Frank Bloomberg [NEW YORK] Derivatives regulators have told the US Justice Department they have found evidence of criminal behaviour following an investigation into banks’ alleged manipulation of ISDAfix,
      Bloomberg  -  719 words
    • Article, Illustration
      Lock icon Refined crude export prospects expand niche for oilfield stabilizers in US
      771 18 It offers a solution to work around crude export ban Reuters [HOUSTON] Orders have surged for a type of oilfield equipment primarily used for to make a light variety of crude safe for pipelines, after a federal ruling signalled
      Reuters; PHOTO: BLOOMBERG  -  771 words
    • Article
      Lock icon Morgan Stanley paying US$95m to settle class action lawsuit
      215 18 Bloomberg [SAN FRANCISCO] Morgan Stanley has agreed to pay US$95 million to settle a lawsuit by buyers of residential mortgage-backed securities who accused the bank of making false and misleading claims about the underlying loans. Resolution of the class action in
      Bloomberg  -  215 words
    • Article
      Lock icon Quake-prone Japan mulls floating power stations out at sea
      1092 18 Tokyo studying plan for gas-fired plant 50 km from shore Bloomberg [TOKYO] One of the biggest hurdles to building new power plants in Japan is finding a place that’s safe from earthquakes and tsunamis. That place may turn out to be
      Bloomberg  -  1,092 words
    • Article
      Lock icon BIS, central banks worry about monetary easing
      731 19  -  They fear such policies could result in dislocation of emerging markets By in NEIL BEHRMANN in London THE Bank for International Settlements (BIS), other central bankers and economists have expressed the fear that exceptional monetary easing and historically low short and long-term US
      731 words
    • BRIEFING
      • Article
        Lock icon ABB plans US$4b buyback
        80 19 Bloomberg [ZURICH] ABB Ltd chief executive officer Ulrich Spiesshofer unexpectedly announced a US$4 billion share buyback after the stock underperformed rivals including Siemens AG over the past year. Cash from recent disposals and existing cash will fund ABB’s biggest buyback since 2008, the CEO told investors
        Bloomberg  -  80 words
      • Article
        Lock icon BGC Partners to make US$675m hostile bid
        80 19 Reuters [LONDON] New Yorkbased interdealer broker BGC Partners plans to make a US$675 million hostile bid for rival GFI Group, it said on Tuesday, topping an agreed offer for GFI from futures exchange operator CME Group. BGC, which already owns about 13.5 per
        Reuters  -  80 words
      • Article
        Lock icon Jimmy Choo IPO could be valued at US$1b
        160 19 Bloomberg [PARIS] Jimmy Choo, the luxury shoemaker owned by JAB Holdings, may begin its initial public offering in London as soon as this month amid rising demand for designer footwear, according to people with knowledge of the situation. JAB could announce plans
        Bloomberg  -  160 words
    • Article, Illustration
      Lock icon Scottish banks prepare for separation from UK
      538 19 Customers worried over savings if UK, Scotland break up Reuters [LONDON] Scotland’s bankers will ensure their vaults and cash machines are fully stocked in case a vote for Scottish independence prompts customers to pull their deposits while British Prime Minister David Cameron implored
      Reuters; PHOTO: REUTERS  -  538 words
    • Article
      Lock icon US wants tougher surcharge formula
      302 19 Bloomberg [WASHINGTON] The Federal Reserve is planning risk-based capital standards for the biggest banks that are tougher than those developed by their international counterparts, Fed governor Daniel Tarullo told lawmakers on Tuesday. The US capital surcharge will be higher than the level required by the
      Bloomberg  -  302 words
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      364 17 B 6 gms A r ii DINING EXPERIENCE AT EQUINOX RESTAURANT Renowned for its multi-sensory culinary experience and breathtaking views, Equinox Restaurant offers a decadent menu prepared by Chef de Cuisine Paul Hallett, highlighting premium produce from fine meats to the freshest sustainable seafood, and an assortment of delightful desserts.
      364 words
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      2062 19 TEE LAND TEE LAND LIMITED (Company Registration Number *****0851R) (Incorporated in the Republic of Singapore) NOTICE OF SECOND ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TEE LAND LIMITED (the "Company") will be held at Windsor Room, Level 2, The Elizabeth Hotel, 24 Mount Elizabeth,
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Scotland’s exit is now a distinct possibility
      1308 20  -  A ‘Yes’ vote on Sept 18 will have enormous consequences for Britain, EU and the world By DENIS MACSHANE THE electric shock going through London political elites cannot be underestimated, as the first opinion poll showing a majority for an independent Scotland is
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      Lock icon Fair for UK to see if China delivers on HK promises
      762 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA is warning Britain in no uncertain terms not to stick its nose into Hong Kong affairs, despite the fact
      762 words
    • Article
      Lock icon What 9/11 taught us
      492 20 EDITORIAL AMERICANS will be marking tomorrow the 13th anniversary of the terrorist attacks on the World Trade Center in New York City and the Pentagon in Washington, DC. The horrifying images from that day had a devastating impact on the American people and were engraved on
      492 words
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      Lock icon Global stock market rally still has legs
      1116 21  -  Occasional blips offer investors a chance to top up their equity portfolios with stocks in the US, Europe and Asia By STEVE BRICE The writer is chief investment strategist at Standard Chartered Bank’s Wealth Management Unit HE US-led global equities rally is now
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      Lock icon Middle East can follow Asean model
      952 21  -  LEON HADAR Washington Correspondent THERE was a time during the height of the globalisation era in the 1990s when American policymakers and pundits imagined that as Arabs and Israelis would take steps towards peace and the political systems of the Middle East would experience
      952 words
    • Article
      Lock icon How an auditor goes about his work
      457 21 LETTER TO THE EDITOR WE refer to the commentary, “Can auditors be trusted to detect fraud?” (BT, Sept 1). The writer has correctly stated that the auditor’s role is to express an opinion on whether the financial statements, as prepared by management, are
      457 words
    • Article
      Lock icon Leadership, golf and the golf swing
      552 21  -  By BILL GENTRY BILL CORNWELL The writers are, respectively, senior research scientist and associate faculty member, at the Centre for Creative Leadership GOLF, the golf swing and leadership have much in common. Here are five skill sets leaders can bring from the golf course
      552 words
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  • Transport HUB
    • Article
      Lock icon Piracy and pestilence haunt seafarers
      833 22  -  The spread of the Ebola virus has added another risk to vessels trading in West Africa STRAIT TALK By DAVID HUGHES WHILE Singapore is a well-ordered, peaceful, safe and healthy place, those involved in the shipping industry know all too well that the same cannot
      833 words
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      Lock icon Manila port congestion hurting economy: Aquino
      436 22 Reuters [MANILA] Severe congestion at the Philippines’ main seaport due to rules restricting truck access is hurting the economy, President Benigno Aquino said on Monday, hinting it could put this year’s growth target at risk. Mr Aquino said the government is doing all it
      Reuters; PHOTO: REUTERS  -  436 words
    • Article
      Lock icon Wheat exporter CBH scraps port access plan
      309 22 Reuters [SYDNEY] CBH Group, Australia’s largest wheat exporter, has scrapped plans for a new system to allocate port access at its grain terminals following complaints from some users that the scheme was unfair to new entrants to the market. Australian regulations require grower
      Reuters  -  309 words
    • Article
      Lock icon Work on Nicaragua canal to start in Dec
      289 22 AFP Reuters [MANAGUA] Work on a huge project to rival the Panama Canal will begin in December with construction of a port on the Pacific coast of Nicaragua, an official said on Monday. The US$40 billion project through Nicaragua linking the Caribbean
      AFP; Reuters  -  289 words
    • Article, Illustration
      Lock icon Divestment may work well for us: Westports
      624 22 [PETALING JAYA] Westports Holdings Bhd is not surprised by the rumour that Khazanah Nasional Bhd may divest its entire 4.74 per cent stake in the port operator, and is taking the news positively as an avenue to increase its free float, said chief
      624 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 22 SGX '000 Sept 09 S$ +/-Vol Ch Offshore 0.48 unch 336 Chuan Hup Hldg 0.29 unch 5 Cosco Corp 0.72 unch 594 Cwt Limited................1.78 0.03 398 First Ship Lea 0.10 0.01 112 Grand Banks 0.26 -0.01 12 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp 10.80 unch
      239 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon San Miguel to sell Philippine Airlines stake
        697 23 Its purchase will give billionaire Lucio Tan full control of the carrier Bloomberg [MANILA] San Miguel Corp will sell back its holdings in Philippine Airlines Inc to billionaire Lucio Tan, two years after the nation’s largest company took management control and led the
        Bloomberg; PHOTO: BLOOMBERG  -  697 words
      • Article, Illustration
        Lock icon Ryanair places order for as many as 200 new Boeing 737s
        636 23 NYT [NEW YORK] Ryanair said on Monday that it had signed a preliminary agreement to buy as many as 200 new 737 jets from Boeing in a configuration that will allow it to squeeze an additional eight seats into
        NYT; PHOTO: BLOOMBERG  -  636 words
      • Article
        Lock icon Widower of ‘morbidly obese’ sick woman settles lawsuit with airlines
        367 23 AFP [WASHINGTON] The widower of a sick woman booted off several flights allegedly because she was too fat has settled his lawsuit with airlines Lufthansa, Delta and KLM. Janos Soltesz, whose wife Vilma, 56, weighed more than 185 kg, died
        AFP  -  367 words
      • Article
        Lock icon US airlines now masters of filling seats
        408 23 WP [WASHINGTON] US airlines have recently become savvier about squeezing money from every square foot of their planes. They’re shrinking legroom, pulling out lavatories and wedging in more seats. But behind all of that is a more elemental strategy: Airlines are paying far
        WP  -  408 words
      • Article
        Lock icon Bombardier resumes CSeries test flights
        250 23 Bloomberg [CALGARY] Bombardier Inc on Sunday conducted the first test flight of its CSeries j et since an on-the-ground engine failure in May set back efforts to introduce the nar-row-body airliner next year. The flight at Bombardier’s facility in Mirabel, Quebec, followed a review of
        Bloomberg  -  250 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Get into gear for race down memory lane at Marina Bay
        632 24  -  23 F1 cars from yesteryear to relive 66 years of World Championship racing By SAMUEL EE samuelee@sph.com.sg THE Formula One cars lining up on the grid this year are quieter and more efficient, now that 1.6-litre turbocharged V6 engines
        632 words
      • Article
        Lock icon Self-driving cars possible in 5-6 years
        363 24 AFP [TOKYO] US electric car maker Tesla is developing technology that could see vehicles run on “full auto pilot” in as little as five or six years, according to its chief executive, Elon Musk. The colourful entrepreneur said his firm was stepping on the
        AFP  -  363 words
      • Article, Illustration
        Lock icon Jaguar’s cheapest car to go on sale next year
        494 24 Bloomberg [MUNICH] Jaguar is introducing a new entry-level sedan, challenging Bayerische Motoren Werke AG’s (BMW) most popular model, as part of a push by the upscale British brand to triple sales by building vehicles more people can afford. The XE saloon,
        Bloomberg; PHOTO: BLOOMBERG  -  494 words
      • Article
        Lock icon Nissan’s bond risk slumps to 7-year low
        691 24 S&P upgrades firm’s rating by a notch to A-, sees no net debt Bloomberg [TOKYO] Carlos Ghosn’s push to raise Nissan Motor Co’s profit margins and market share has cut the company’s bond risk to a seven-year low and prompted an upgrade by
        Bloomberg  -  691 words
  • Page 22 Advertisements
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      80 22 NOTICE TO TRADE WINTER SEASON CHARGE Singapore Port Klang to Kolkatta/ Haldia and vice versa With the impending winter season, drafts will be cut and this will adversely affect the loading on our vessels. In order to recover the loss in revenue arising therefrom, we will implement a Winter Season
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      349 23 CRYPTIC CROSSWORD Across 1 Pull off charge for each cat, for example? (10) 6 Oddly, team lack cosmetic preparation (4) 10 Horse’s belly without a drink (5) 11 Colour of pests digesting crude oil? (9) 12 Origin of lumps in exotic Persian sweets (8) 13 Delicate material coating new weapon
      349 words
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  • Article
    Lock icon SHIPPING TIMES
    2119 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      54 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
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      Lock icon Page 26 Advertisements Column 1
      122 26 Shipping lines seeking reliable Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 Publicise Your Del iver y Of Newbuilds Congratulations to Mermaid Mar Come publicise your Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Award Wins
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3984 27 Transaction date: Sep 9 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale --AAT ('000) High Low Buyer Seller Div Gr Yld C'vr 153.1 131 AIMSAMP Cap Reit 146.5 -1
      3,984 words
    • Article
      Lock icon SGX CATALIST
      373 28 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 32.5 25 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld 43.5 28 t Alliance Mineral................................33.5 unch 1449 34 33.5 33.5 34
      373 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10725 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Aloha Aberdeen Asset Mgt Asia Limited 1.61/ APS Alpha Fund (USD)!** 1.28/ Aberdeen Asset Mat Asia Limited 2 167/ China Opportunities 1 China Opportunities USD!** 3 0729/ Global Emerging Markets USD Global Opportunities USD
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    • Article
      Lock icon GLOBALQUOTE
      236 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company Last 343 250 TanChongInt HK303cd -2 24 303 303 303 309 9.7 3.5 3 6102.1 DISCLAIMER: All information is published “as is” without warranty of any
      236 words
    • Article
      Lock icon SGX ETF
      1109 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 139.4 119 CIMB APAC Div 100S$D 138.7cd -0.7 138.7 138.7 137.5 140.1 110.5 94 CIMB APAC Div 100US$ US110.1cd -0.1 110.1 110.1 109 111.2 11.6
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      656 29 Sep 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.82 *****.82 *****.13 Sep14 *****.00 *****.00 *****.00 *****.00 *****6 *****6 Dec14 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 344.95 345.72 344.07 Sep14 343.50 347.30 343.40 344.00 5357 *****7 Oct14 344.30
      656 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 8 Index Change Change Change Change Change Change World Preliminary 1261.0 -0.1 6.5 -0.1 4.5 -0.3 5.1 EAFE Preliminary 986.2 0.0 3.1 -0.3 -0.5 -0.4 0.1 Europe Preliminary 1411.1 -0.1 4.1
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 Sep 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 5.682 0.720 7.178 56.038 108.946 0.985 9.486 2.955 1.122 94.485 40.480 1.167 10.071 0.868 27.762 29.728 0.575 0.926 Canada 0.982 5.581
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    • Article
      Lock icon SIBOR
      37 29 Sep 9 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 29 Sep 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.35 106.41 106.40 5-Year NX*****W 2.5 01-Jun-19 104.92 105.16 105.00 10-Year NY*****H 3.000 01-Sep-24
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    • Article
      Lock icon PRECIOUS METALS
      120 29 Sep 09 GOLD(US$/oz) Sep 08 Sep 07 Hong Kong 1271.00 1269.00 Sep 08 Sep 05 London 1253.85 1266.42 1254.42 1266.91 Source: Thomson Reuters CAST BAR Sep 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 307 252 10gm 570 506
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    • Article
      Lock icon PALM OIL
      57 29 Sep 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2050.0 2050.0 2050.0 2028.0 103 1763 Oct 14 2054.0 2045.0 2054.0 2019.0 2453 ***** Nov 14 2038.0 2034.0 2046.0 2006.0 ***** ***** Dec 14 2065.0 2060.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 Sep 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1672 1.1678 0.9259 0.9263 Canadian dollar 1.1463 1.1470 0.9098 0.9093 Euro 1.6219 1.6224 1.2866 1.2869 NZ dollar 1.0400 1.0403 0.8250 0.8252 Sterling pound 2.0286 2.0292 1.6092 1.6096
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    • Article
      Lock icon CHICAGO BOT
      109 29 Sep 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1090.75 1085.50 1095.00 1076.25 Nov 14 1008.50 1021.50 1028.00 1006.25 Jan 15 1015.50 1028.25 1034.75 1013.25 Mar 15 1022.00 1035.00 1042.00 1019.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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    • Article
      Lock icon LIFFE
      95 29 Sep 8 COCOA (£/tonne) Close Prev High Low Sep 14 2008 1997 2016 1984 Dec 14 1978 1983 1992 1974 Mar 15 1951 1954 1964 1947 May 15 1942 1944 1955 1938 COFFEE(US$/tonne) Close Prev High Low Sep 14 2051 2061 2059 2047 Nov 14 2069 2079 2082 2057
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      979 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -55 3.67 46 Asia-Pacific Strategic W*****6 3.4 unch 1000 1 2 56 Acma Ltd W*****7 0.3 unch 149 1 4 115 6.67 22 Exer Ascendas
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Sep 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 100.28 -0.90 WTI (Near Mth) 92.88 -0.52 Dubai (1-Mth F) 98.69 -1.89 Tapis blend 102.03 -2.23 Minas 97.53 -2.23 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.00 -1.56 Jet Kerosene 114.62 -1.48 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Sep 9 S$ Bid Offer 1-month 1.2606 1.2607 2-months 1.2606 1.2607 3-months 1.2606 1.2607 6-months 1.2605 1.2606 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 29 Sep-08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2065.75 2066.00 3 months 2097.00 2093.00 Copper, Grade A(US$/tonne) Cash 7000.25 6991.75 3 months 6990.00 6975.00 Lead(US$/tonne) Cash 2182.00 2188.75 3 months 2199.00 2204.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Sep 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.167 1.123 Euro 1.661 1.582 Sterling pound 2.064 1.985 NZ dollar 1.066 1.025 US dollar 1.284 1.223 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 29 Sep 9 $S Offer Bid 0vernight 0.08 0.03 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.07 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      Lock icon Page 30 Advertisements Column 1
      358 30 ■i -5 ■J if/ The Straits Times Lianhe Zaobaotl //Singapore Haiuker Masters 20 jJff 0 0 ii a Nominate Vour Fauourite Haiuker Master &LUin Up To $300 Cash wr w'vmiwmmmT jrjiwiiHPnsiuiintBro t iwiifir The exciting clash of the woks is back again at the Singapore Hawker Masters 2014! Into its
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      700 31 V.' .X' asgKsga M i am :f. JBBgmmei mmsm y.%r. MgmSgih RAILROADS 'SEMICONDUCTORS BROADCASTING 4*iiS f •®l RESTAURANTS E3» J INSURANCE AEROSPACE SPORTING ©OODS] v PHARMACEUTICALS BIOTECHNOLOGY BEVERAGES APPLIANCES 'm I y*fFjd/tj is k ,1 ENTERTAINMENT A RETAIL MEDI XV UTILITIES y<y>" v WmM M-J D07 The S&P 500® and
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  • executive Money
    • Article, Illustration
      Lock icon Through-train will draw capital to HK
      1128 32  -  Link with Shanghai set to boost liquidity on a structural basis MONEY MATTERS By STEFAN HOFER The writer is Bank Julius Baer’s emerging markets economist, based in Hong Kong IN a matter of weeks, a landmark event is scheduled to impact the capital markets
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    • Article, Illustration
      Lock icon Templeton tailors Aussie debut fund for jump in yield
      662 30  -  It also expects US dollar gains versus the yen and the euro By CANDICE ZACHARIAHS BENJAMIN PURVIS Bloomberg FRANKLIN Templeton Investments is designing its first bond fund focused on Australia to withstand a near one percentage point surge in the local
      Bloomberg; PHOTO: BLOOMBERG  -  662 words
    • Article
      Lock icon Yale fund raises issue of climate change impact
      470 30 NYT [NEW YORK] As pressure grows from students who want to see their schools use financial clout to address environmental issues, Yale University’s investment office wrote to its money managers asking them to assess how investments could affect climate change and suggesting
      NYT  -  470 words
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      Lock icon Page 32 Advertisements Column 1
      167 32 "I CHOOSE THE PATH. IG PROVIDES THE PLATFORM M A A I TIGHT SPREADS L' o vP o o J' A n o n -v C> 6. Y. a V cA 'V T~ 0> rm nrn TRADE YOUR WAY WITH SINGAPORE'S No. 1 FX PROVIDER* Whatever your forex trading style,
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