The Business Times, 15 September 2014

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SCCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Monday, eptember 15, 2014
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  • 1013 1  -  Yields also under pressure; low rentals leave more people struggling to pay mortgages By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] A larger percentage of high-end luxury condo homes on the resale market are selling at a loss and a smaller percentage at
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3345.55 +3.82 KL COMP 1,855.64 -12.82 NIKKEI 225 15,948.29 +279.61 HANG SENG 24,595.32 -644.83 SET INDEX 1,581.36 -2.96 JAKARTA COMP 5,143.71 -73.62 MANILA COMP 7,201.88 -61.70 SEOUL COMP 2,041.86 -7.55 SHENZHEN B 973.20 +5.90 MUMBAI IND 27,061.04 +34.34 DOW 16,987.51 -149.85 NASDAQ 4,567.60 -15.30 S&P
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    • 22 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.083 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.263 (US$/S$ per 1.625 2.053 EURO (US$/S$/€ 1.293 1.633 Foreign currency per US$ S$ YEN 107.20 84.90 RM 3.194 2.528 HK$ 7.751 6.136 BAHT 32.19 25.48 RUPIAH 11,818 9,355 RENMINBI 6.135 4.856 INDIAN RUPEE 60.78 48.11 A$ 1.104 0.874 NZ$ 1.222 0.967
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  • 876 1  -  ‘Grantepreneurship’ and ‘predatory incubation’ should be avoided: observers By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] Paying it forward a culture in which veteran entrepreneurs who were once beneficiaries of support and mentorship themselves readily lend support and mentorship to their younger peers is still
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  • Page 1 Advertisements
    • 105 1 TOPLINE Attica keeps the party going PAGE 5 BOARDROOM MATTERS Gender diversity and quotas PAGE 7 VIEWS FROM THE TOP Online shopping what’s in store PAGES 10-11 DINING OUT New Ember plays it safe PAGE 20 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to
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  • TOP STORIES
    • 972 2  -  Fed’s latest policy statement, Scottish vote will influence stocks this week WALL STREET INSIGHT By ROB CURRAN LAST week, US stocks fell on jitters over the Federal Reserve’s likely moves. The unease is likely to persist, at least until midweek when the
      PHOTO: REUTERS  -  972 words
    • 913 2  -  Otherwise, IMF head says, ‘we could wait forever for change’ By ANTHONY ROWLEY in Tokyo THE best way to ensure that women secure key posts in government and in the private sector is through the introduction of formal “quota” systems, Christine Lagarde the
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    • 426 2  -  South China city to be developed into int’l tourist hub By CHUANG PECK MING in Nanning, China peckming@sph.com.sg GUILIN’S Party Secretary Zhao Leqin on Sunday proposed to Prime Minister Lee Hsien Loong that a Chi-na-Singapore tourism park be built in the scenic county of
      PHOTO: MCI  -  426 words
    • 400 2 More owners of luxury condos selling at a loss A LARGER percentage of high-end condos on the resale market are selling at a loss and a smaller percentage at a profit. FRONT PAGE Start-ups risk ‘going astray’ in two scenarios PAYING it forward, a culture where veteran entrepreneurs
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    • 888 4  -  Exemption of export tax gives advantage over Indonesia’s 9% export duty PALM PLAY Reports by CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT [SINGAPORE] Indonesia may soon eliminate its export duty of 9 per cent on crude palm oil (CPO), thus levelling the playing field with
      Source: Bloomberg  -  888 words
    • 710 4 Citigroup maintains its ‘buy’ call on the plantation company [SINGAPORE] In recent weeks, analysts have held a neutral rating for the palm oil sector, save for a select few companies, including Singapore-listed First Resources. The latter is one of the fastest-growing palm oil plantation owners
      Source: First Resources  -  710 words
    • 484 4  -  Star alumni lined up for 10th anniversary concert By HELMI YUSOF helmi@sph.com.sg @HelmiBT [SINGAPORE] Come December, child stars past and present will rain on Marina Bay Sands in an extravaganza of young talent. Charity concert ChildAid 2014, which raises funds for The Straits Times
      PHOTO: DESMOND LUI FOR THE STRAITS TIMES  -  484 words
  • Page 2 Advertisements
    • 73 2 COLONIAL STYLE BUILDING FOR RENT 16,580 SOFT PHOENIX PARK 308 TANGLIN ROAD Suitable For Office, Health and Wellness Establishment, Sports Enrichment, F&B Establishment such as Cafe Various Sizes from 362 sqft to 16,580 sqft (362/ 617/ 789/1.002/ 6,663/16,580 sqft) Entire Floor Plate Available for Design Flexibility Lush Greenery and Serene
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  • Page 3 Advertisements
    • 92 3 OYSTER PERPETUAL COSMOGRAPH DAYTONA 6S GO SO ss. v'\ w /"Z <5■5> ■5» Ok /60 o ?Lo ■V Ok m Co 9*ss* 5m Z? 3a s <V/? O Wo Q Q 'S 0 e ten tiO tip tin 7/ 7 i THE HOURGLASS TAKASHIMAYA S.C. TEL: 6734 2420 TANG PLAZA.
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  • Page 4 Advertisements
    • 92 4 9 m '911 Tsinghua University bIS m tr t t+ 2, £*h-&+»PIC BONUS $15,000 pi (i*tWH: 2015<T4>j-2l»6fr5(j) •'VJ.ii m.KMU'A t. mrlaa, ft#, fttt, M»AX#iRm MA4WX—#ft&! £LWW±iS iiW<dV. Km&e. j 13 13 lil mm *Kit»ttS k ti *m qmvtnfa ik#«? <aOT.WiWr.HfiK^va ■v v; .*a«* R A P P L E S
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  • COMPANY NEWS
    • 778 5  -  Attica is looking to grow its brand across the region and the Middle East by teaming up with franchise partners, reports NISHA RAMCHANDANI TOPLINE reports NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT A DECADE on, the duo behind local nightclub Attica are now looking to grow the brand across
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    • 848 7  -  Companies could have an aspirational target for women directors by a stated time and with a targeted percentage, writesJUNIE JUNIE FOO The writer is a member of the Diversity Subcommittee of the Singapore Institute of Directors AT the recent SID Directors’ Conference, Grace Fu, Minister in
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    • 1585 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYERS were active for the third straight week while selling among directors rebounded after recording no sales in the previous week. A total of 24 companies recorded 39 purchases
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  • Page 5 Advertisements
    • 365 5 Delight in local and international favourites at Town Restaurant, The Fullerton Hotel Singapore R ESTAURAN T BAR f 11 V r > THE FULLERTON HOTEL SINGAPORE From its cool interior designed along clean lines, with seats finished in leather, to its riverside terrace along the charming Singapore River, The Fullerton
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  • SINGAPORE MARKETS
    • 626 6  -  STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent AS much as we would like to offer readers words of encouragement by saying that the week ahead will see prices shooting up in high volume and plenty of activity returning to the local stock market,
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    • 882 6 COMMODITIES AFP [LONDON] Commodity prices dropped during the Sept 8-12 week as the dollar strengthened, with Brent oil sinking to its lowest level in more than two years against a backdrop of solid supplies and sluggish demand. Sugar futures, meanwhile, touched
      AFP  -  882 words
    • 1600 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 3 10.09 14.52 1.55 1.47 Amtek Engineering Ltd 3.00 3.00 2 0.07 7.55 0.57 0.62 ARA Asset Management Ltd 2.00
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    • 512 6 CURRENCIES Bloomberg [NEW YORK] The US dollar last week had the biggest weekly gain in 10 months amid speculation that the Federal Reserve will signal after a meeting this week that it’s moving closer to raising interest rates for the first time
      Bloomberg  -  512 words
    • 4 6 WEEKLY
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    • 77 6 Sep 12 VALUE CLOSE BT OB/OS -487.00 -15.00 BT CADI -*****.00 -27.00 BT 10-day MA -*****.00 -48.00 FTSE ST Mid Cap 776.13 -1.23 FTSE ST Small Cap 547.15 -0.99 FTSE ST All Share 811.69 -0.63 FTSE ST China Top 198.37 -0.34 FTSE ST China 230.41 -0.34 FTSE
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    • 59 6 VOLUME Singapore eDev 479,582,000 APAC Strategic 298,534,000 IHC 240,472,000 ThaiBev 170,677,000 Mirach Energy 136,434,000 Blumont 108,921,000 STATS ChipPAC 107,146,000 Golden Agri-Res 99,891,000 Genting Sing 97,512,000 Digiland Intl 93,337,000 VALUE($) DBS Grp 433,234,903 OCBC Bank 162,623,860 UOB 145,425,415 SingTel 143,908,560 ThaiBev 125,078,760 Keppel Corp 118,734,981 Genting Sing 116,259,235
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    • 112 6 BY CENTS CLOSE UP DBXT EONIA 5US$ ***** 168.0 0.7 Pan Ocean 100 470 50.0 11.9 DBS Grp 1852 36.0 2.0 UOB 2304 31.0 1.4 Fuji Offset 60.5 30.5 101.7 SPDRS S&P 500 10US$ ***** 27.8 0.1 Petra Foods 400 23.0 6.1 Lyxor Nasdaq100 10US 1627 12.6 0.6 DBXT
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    • 129 6 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -827.1 -3.2 DBXT AUDCS 5SG$ ***** -654.0 -2.6 GLD 10US$ ***** -358.6 -2.3 DBXT iBoxxSvEu 5US$ ***** -308.1 -0.9 DBXT USDIGInfl 5US$ ***** -272.8 -0.8 DBXT SPASX200 10US$ 4184 -224.8 -4.1 Lyxor Indonesia10US$ 9292 -221.0 -1.8 DBXT AUD Bonds 5AU$ *****
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    • 5 6 WEEKLY
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  • Page 8 Advertisements
    • 152 8 r f* t I I i V\* V.V-* V. 7 \n 4 CM :V b v >3sj. i y&. VK hi CO tvci? >\- -»v '7<' O ••'r r.i, L b vv't w V' k :•'•<••• > f 8 0> “1 r s v 1 v V.v> V k.- V
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  • SINGAPORE NEWS
    • Article, Illustration
      381 9  -  By KELLY TAY kellytay@sph.com.sg@KellyTayBT Big boost to funds for the elderly THE Singapore Power Heartware Fund which supports more than 31,000 beneficiaries under Community Chest’s 26 programmes for the elderly received a S$600,000 boost on Friday, through Singapore Power’s annual charity golf event. The figure represents the largest
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    • 115 9 COMPANY MEETING PLACE DATE TIME Craft Print E 9 Joo Koon Circle 19-Sep 10.00am Nippecraft Ltd E 9 Fan Yoong Road 19-Sep 10.00am S’pore Exchange A NTUC Auditorium 1 Marina Boulevard (Lvl 7) 25-Sep 10.00am Tee Land Limited A Windsor Room Level 2 25-Sep 9.00am E The Elizabeth
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    • 1242 9 Payment Ex Rec Pay Ann (cts) date date date date ABR aw 1.000 27-Aug 29-Aug 18-Sep 22-Aug Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMS Property Sec Fund ag 0.017 26-Jun 30-Jun 19-Sep 23-Jun AIMSAMP Cap Reit (1 Apr-30 Jun 2014) ct 2.550 05-Aug 07-Aug 23-Sep
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    • 286 9 Sep 12 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited ...5.50 Bank of Communications ...6.00 ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi UFJ, Ltd ...5.75 Banque Internationale a ...5.50 Bank of Taiwan BNP Paribas Bank
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    • 159 9  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT CONSTRUCTION work will start on the mechanised parking systems in three HDB estates next week, and will be completed by the third quarter of next year. These mechanised carparks, while already being used in some hotels and condos, is
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    • 553 9  -  Keppel Land cites pent-up demand as 80% of 160 units released are sold By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT KEPPEL Land, which started closed-door sales of its Highline Residences condominium over the weekend, said it has received a good response to the project, possibly due
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  • Page 9 Advertisements
    • 444 9 k M INTERNATIONAL H CSR: For Sustainable Growth Balancing Profit People Planet 16 17 OCTOBER 2014 MARINA BAY SANDS, SINGAPORE .SINGAPORE COMPACT CSR SUMMIT Businesses that actively pursue CSR strategies can gain a competitive advantage in changing Asia and its role in the global market. Hear keynote speaker. Dr Noeleen
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  • VIEWS FROM THE TOP
    • 6101 10 Online shopping what’s in store THIS WEEK’S TOPIC: What is likely the impact of online shopping on brick-and-mortar retailers? How has your company responded to the spread of e-commerce? Rohit Dadwal Managing Director Mobile Marketing Association APAC THE retail industry is entering a new era. As consumers continue to engage
      PHOTOS: FILE, REUTERS  -  6,101 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1821 12  -  Marketing, administrative and finance expenses can yield insights, says CAI HAOXIANG CAI HAOXIANG LAST week, we began analysing the Q3 2013 income statement of sports shoes and casual wear retailer Eratat Lifestyle. That was the last income statement that it issued before it was suspended
      THE BUSINESS TIMES FILE PHOTO  -  1,821 words
    • 631 12  -  MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent BELOW every “net profit” line comes “total comprehensive income”. What’s the difference? Which profit line should investors pay attention to? Total comprehensive income is net profit adjusted for the value of foreign investments as well as fluctuations in the
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  • Page 12 Advertisements
    • 113 12 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA/INDONESIA
    • 490 13  -  Led by CMA-CGM, alliance will use the port as its dedicated S-E Asian hub By S JAYASANKARAN in Kuala Lumpur THE creation of Ocean Three a new global shipping alliance that will comprise three of Westports Holdings’ clients has renewed interest in the
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    • 1368 13 VOL Sep 12 RM +/-(‘000) Abric Bhd ('000) Advance Synerg 0.21 -0.01 644 Adventa Bhd 0.01 Ae Multi Hldgs 0.23 unch 470 Affin Holdings 3.42 unch 228 Ahmad Zaki Res -0.02 Airasia Bhd Advance Synerg Alliance Finan -0.01 Aluminium Co Adventa Bhd Amalgamated In 0.35 unch 13 Amcorp
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    • 430 13 Reuters [JAKARTA] Indonesian coal exports are expected to drop 11 per cent this year due to lower production, a government official said as miners grapple with new rules the industry fears will put some firms out of business. Indonesia ships about US$2
      Reuters  -  430 words
    • 429 13 Bloomberg [KUALA LUMPUR] CIMB Group Holdings Bhd, Malaysia’s second-biggest lender, and RHB Capital Bhd plan to merge in a deal structured as a reverse takeover, people familiar with the matter said. Under a proposal being discussed, RHB would issue new shares
      Bloomberg; PHOTO: REUTERS  -  429 words
  • Page 13 Advertisements
    • 79 13 THE PEAK SELECTIONS TIMEPIECES THE PEAK SELECTIONS I TIMEPIECES I 201 4 201 5 I WWW.THEPEAKMAGAZINE.COM P s THE RING MASTER REINVENTING HOROLOGY'S MOST HALLOWED COMPLICATIONS THIS YEAR’S MOST STELLAR ASTRONOMY MODELS WOMEN’S TIMEPIECES DISCOVER THE INNER OFFER MORE THAN WORKINGS OF JUST PRETTY FACES TOP WATCH HOUSES OUT NOW
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  • GREATER CHINA/INDIA
    • 639 14 Both countries expected to sign infrastructure pact during Xi’s visit Reuters [BEIJING] China will pledge to invest billions of dollars in India’s rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbours’ first summit
      Reuters  -  639 words
    • 679 14 Its market debut could raise between US$19b and US$24b AFP [NEW YORK] With a possible record-breaking stock offering, Chinese online giant Alibaba is set to boost its role as a global company with a massive expansion potential. The initial public offering (IPO), expected
      AFP; PHOTO: REUTERS  -  679 words
    • 397 14 Bloomberg [HONG KONG] Bank of America Corp (BOA), one of the few large banks that isn’t working on Alibaba Group Holding Ltd’s initial public offering (IPO), has found another way to make a buck on the deal. The Charlotte,
      Bloomberg  -  397 words
  • Page 14 Advertisements
    • 39 14 r 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 0kiss92fm www.kiss92.sg Download on the w AppStore ANDROID APR ON Google play
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  • WORLD
    • 724 15 Many may go under or be acquired while others look for new business models AFP [GENEVA] As Switzerland’s long-cherished banking secrecy practices evaporate, the institutions that helped create the world’s largest offshore tax haven are dramatically rethinking their business models in
      AFP; PHOTO: REUTERS  -  724 words
    • 407 16 Deal with FHFA comes weeks before trial that could cost US$1.6b damages Reuters [NEW YORK] HSBC Holdings plc will pay US$550 million to resolve a US regulator’s claims that the British bank made false representations in selling mortgage bonds to Fannie Mae and
      Reuters; ST FILE PHOTO  -  407 words
    • 1031 16 Country sees more investments as firms move away from China’s rising costs WP [HANOI, Vietnam] Nguyen Thanh Hai spent long days picking water spinach in north-east Vietnam for US$3 a day. That was before the 28-year-old joined a Samsung Electronics Co smartphone
      WP; PHOTO: AFP  -  1,031 words
    • 398 16 Bloomberg [MILAN] Mario Draghi said his plan to purchase higher quality asset-backed securities (ABS) will proceed even if support from European Union (EU) leaders to extend it to riskier debt isn’t forthcoming. “The programme is primarily oriented to the purchase of senior tranches; only
      Bloomberg  -  398 words
    • 262 16 Reuters [TOKYO] Japanese Prime Minister Shinzo Abe said on Sunday he remained “neutral” on whether to proceed with a hike in Japan’s sales tax to 10 per cent, adding that the decision would hinge on the strength of economic indicators for the
      Reuters  -  262 words
    • 455 17 Deutsche Telekom, Netcologne among those affected, adds ‘Der Spiegel’ report Bloomberg [BERLIN] The US National Security Agency and its UK counterpart GCHQ gained secret access to the networks of German Web providers including Deutsche Telekom AG as it sought to peer into
      Bloomberg; PHOTO: REUTERS  -  455 words
    • 404 17 Reuters [LONDON] Britain’s banks have slammed plans to impose new capital rules for lenders and said the “leverage ratio” proposals are far too complex and could encourage banks to take more risks. “There is a risk that the current proposals will increase
      Reuters; PHOTO: BLOOMBERG  -  404 words
    • 228 17 Reuters [ATHENS] Greece is beating its fiscal targets and will not need a third bailout from its international creditors, Prime Minister Antonis Samaras told Sunday’s Realnews newspaper, confident that the country’s debt will soon be deemed viable. After nearly crashing out of the
      Reuters  -  228 words
    • 670 17 ECB aims to revive lending to firms and households Bloomberg [MILAN] Banks are likely to take close to one trillion euros (S$1.6 trillion) in cash auctions at the European Central Bank (ECB) that begin this year, former executive board member
      Bloomberg; BLOOMBERG FILE PHOTO  -  670 words
    • 757 18 Hollande’s second challenge of the week will be facing the press on Thurs AFP [PARIS] The deeply unpopular government of embattled French President Francois Hollande faces a parliamentary confidence vote on Tuesday, with the country gripped by a crippling political and economic crisis.
      AFP; PHOTO: AFP  -  757 words
    • 564 18 Large size of assets under management a source of concern Reuters [LONDON] The global fund management industry is a potential source of risk for emerging markets because of its vast size and herd-like investor behaviour that can exacerbate asset price fluctuations, a BIS
      Reuters  -  564 words
  • Page 15 Advertisements
    • 185 15 (';;(!(:;-'|[+/?&`-(&,\_+>{="$% IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MIND SPORTS PARTNERS PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****7278G) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or
      185 words
    • 173 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SKYWEST AIRLINES (S) PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****3045K) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims
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    • 1154 15 GOODLAND GROUP LIMITED (Incorporated in the Republic of Singapore on 6 May 2004) (Company Registration No. *****5522N) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalized terms herein shall bear the same meaning as used in the circular dated 15 September 2014 issued by
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    • 2158 15 ni TEE INTERNATIONAL LIMITED Company Registration No. *****7107D (Incorporated In The Republic of Singapore) NOTICE OF FOURTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of TEE International Limited ("the Company") will be held at York Hotel Singapore, 21 Mount Elizabeth, Singapore *****6 on 30
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  • Page 16 Advertisements
    • 558 16 THE THINK BIG ENTREPRENEURS CONVENTION 2014 KNOW TODAY’S CUSTOMER Discerning. Connected. Has choices. Whether you are in retail or B2B, service or F&B, your customer today is an evolved entity. Understanding her profile is only the first step to closing a sale. The more important question is how to reach,
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  • Page 17 Advertisements
    • 390 17 The Business Times Ik I 1 I f 1 I 1 Toll free 1800-289-8822 I I I Email noticesy sph.com.sg I M I I i j www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ODIM ASIA PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company
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  • Page 18 Advertisements
    • 402 18 i 9 .t M>jZ? J I J j i The Straits Times Lianhe Zaobao r' Y FSingapore Hawker Masters 20 j c- I. Vi r i”' r zsz®> 010*0 IP i Nominate VourFauounte Hawker Master LUin Up To $500 Cash The exciting clash of the woks is back again at
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  • AVIATION/SHIPPING
    • 551 19 Looming strike action over pilot dispute may affect half its flights NYT [PARIS] Air France-KLM warned on Saturday that it was preparing to cancel roughly half of its scheduled flights on Monday because of a dispute with pilots, a move that has
      NYT; PHOTO: REUTERS  -  551 words
    • 443 19 Re uters [PARIS] Airbus and Qatar Airways have resolved a three-month old dispute that had been blocking the delivery of the first of ten A380s ordered by the Gulf airline, industry sources said. Airbus declined to comment. Qatar Airways, which had refused to take delivery
      Reuters; PHOTO: AFP  -  443 words
    • 219 19 Merger will create 4th-largest container shipping firm Reuters [BRUSSELS] Hapag-Lloyd and Compania Sud Americana de Vapores (CSAV) secured conditional European Union (EU) approval on Thursday for their tie-up to crea t e t h e w or ld s fourth-largest container shipping company.
      Reuters  -  219 words
    • 444 19 Move could help miner resolve ban on its ships in China Reuters [RIO DE JANEIRO] Vale SA reached a deal with China Ocean Shipping Co (Cosco) for transporting iron ore, a move that could help the Brazilian miner resolve a costly two-year
      Reuters  -  444 words
    • 240 19 SGX '000 Sep 12 S$ +/-Vol Ch Offshore 0.48 0.01 58 Chuan Hup Hldg 0.30 0.01 719 Sep 12 Cwt Limited................1.76 -0.01 253 First Ship Lea 0.10 unch 151 Grand Banks Jaya Hold Ltd 0.05 unch 6632 K1Ventures.................0.19 unch 186 Keppel Corp 10.70 -0.08 2601 Mercator Lines...........0.08 unch
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  • Page 19 Advertisements
    • 108 19 X-PRESS FEEDERS NOTICE TO TRADE WINTER SEASON CHARGE SINGAPORE/PORT KLANG/COLOMBO TO KOLKATTA AND VICE VERSA In order to recover the loss in revenue during the winter season, we will be implementing a Winter Season Charge (WSC) of USD 116.00 per TEU on all SOC shipments (laden) from Singapore/Port Klang/Colombo to
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  • Page 19 Miscellaneous
    • 347 19 CRYPTIC CROSSWORD Across 1 Camaraderie that a student may hope for (10) 6 Boss has education cut short (4) 10 A wire 200 yards in length (5) 11 Crude oil in a USA state (9) 12 East Russian bear is in wild (8) 13 Ward off with shortened sword held
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  • DINING OUT
    • 928 20  -  The revamped restaurant would do well to go beyond the predictable classics, says JAIME EE JAIME EE RESTAURANT REVAMP Restaurant Ember 50 Keong Saik Road Tel: 6347-1928 Open for lunch and dinner Mon to Fri: 11.30am to 2.30pm; 6.30pm to 10pm. Open for dinner only
      PHOTOS: YEN MENG JIIN; EMBER  -  928 words
  • Page 20 Advertisements
    • 221 20 GET THE STRAITS TIMES ON THE GO WHEREVER YOU ARE SUBSCRIBE NOW AND CHOOSE ONE OF THE FOLLOWING GADGETS ON THE GO 3 YEAR PLAN 2 YEAR PLAN FULLY REDEEMED P'A r-> rJ jJ J J J Enjoy our 30th Anniversary celebrations with a special subscription package from The Straits
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  • SINGAPORE STOCKS
    • 4504 21 Week ended: Sep 12 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 13 10.4 8Telecom Week Last Quote --AAT Net M Cap 14.2 6.7 AIMS Property 14 unch 895 14 14 13.5
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    • 484 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 1.9 0.6 t Advanced Systems 0.6 -0.3 1640 0.8 0.6 0.6 0.7 11.7 Week Last Quote Div Gr Yld 43.5 28 t Alliance
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    • 123 22 Stock name Close Change Stock name Close Change Stock name Close Change Ascendas Reit 2.360 CapitaLand 3.290 +0.010 CapitaMall Trust 1.995 +0.005 CityDev 9.860 +0.010 ComfortDelGro 2.520 -0.030 DBS Grp 18.52 +0.140 Genting Sing 1.170 -0.020 Global Logistic 2.870 +0.020 Golden Agri-Res 0.505 HPH Trust USD
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    • 1884 22 Transaction date: Sep 12 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores HKS Angang Steel '000 Anhui Conch 6.30 Anhuiexpresswa 4.77 -0.01 256 Asia Satellite Asm Pacific Avic Ihl Angang Steel Avic Int'L -0.10 Baiyunshan Ph 27.40 -0.60 2158 Bank Of China1 3.64 -0.01 *****8 Bank
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    • 251 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 65 50 AVJennings A64 +0.5 9 65 64 64.5 66.5 3.6 5.5 5.2 237 Last 343 258 TanChongInt HK309cd +4 156 309 303 303 308 9.7 3.4
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 6 0 0 0 4 6 6 Manufacturing 68 75 36 13 22 8 81 97 44 Commerce 22 35 15 4 12 3 26 47 18 Tpt/Stor/Comms 14 24 8
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    • 1161 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF Last 139.4 119 CIMB APAC Div 100S$D 137.4cd -1.8 10 139.4 137.4 137 138.1 110.5 94 CIMB APAC Div 100US$
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 47,678 47,678 211,691 211,691 Manufacturing 1,046,911 246,407 1,293,318 577,490 22,341 599,831 Commerce 374,115 251,948 626,063 258,526 15,005 273,531 Tpt/Stor/Comms 360,341 29,589 389,930 440,191 5,600 445,791 Finance 94,579 695 95,274 791,631 174 791,805 Construction 781,489 559,684
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    • 26 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 646 23 Sep 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.04 *****.90 *****.04 Dec14 *****.00 *****.00 *****.00 *****.00 *****3 *****7 Mar15 *****.00 *****.00 *****.00 *****.00 2 52 MSCI TAIWAN INDEX FUTURES SPOT 340.00 340.43 336.05 Sep14 339.20 340.00 335.70 336.20 ***** *****1 Oct14 338.40
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    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Sep 12 Index Change Change Change Change Change Change World Preliminary 1255.2 -0.2 6.0 -0.3 4.3 -0.3 4.3 EAFE Preliminary 983.9 0.0 2.9 -0.1 -0.7 -0.2 -0.8 Europe Preliminary 1402.3 0.0 3.5
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    • 471 23 Sep 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.001 5.558 0.701 7.023 55.074 107.082 0.971 9.376 2.894 1.107 92.920 39.785 1.145 9.955 0.848 27.193 29.170 0.557 0.906 Canada 0.999 5.554
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    • 37 23 Sep 12 (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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    • 82 23 Sep 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.21 5-Year NX*****W 2.5 01-Jun-19 104.39 104.60 104.60 GOVERNMENT BONDS 10-Year NY*****H 3.000 01-Sep-24
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    • 120 23 Sep 12 GOLD(US$/oz) Sep 12 Sep 11 Hong Kong 1242.00 1253.00 Sep 12 Sep 11 London 1230.13 1238.58 1230.66 1239.16 Source: Thomson Reuters CAST BAR Sep 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 304 249 10gm 565 500
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    • 57 23 Sep 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2111.0 2090.0 2125.0 2111.0 16 1140 Oct 14 2103.0 2085.0 2103.0 2070.0 1716 ***** Nov 14 2078.0 2068.0 2088.0 2051.0 ***** ***** Dec 14 2093.0 2086.0
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    • 155 23 Sep 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1438 1.1453 0.9058 0.9063 Canadian dollar 1.1431 1.1443 0.9056 0.9052 Euro 1.6325 1.6338 1.2928 1.2929 NZ dollar 1.0337 1.0346 0.8186 0.8187 Sterling pound 2.0524 2.0541 1.6253 1.6255
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    • 109 23 Sep 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1091.00 1061.50 1110.50 1065.00 Nov 14 985.25 981.50 990.25 979.00 Jan 15 992.50 988.25 997.00 986.00 Mar 15 998.50 993.75 1002.00 991.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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    • 95 23 Sep 12 COCOA (£/tonne) Close Prev High Low Sep 14 2044 2016 2061 2009 Dec 14 1994 1969 2003 1965 Mar 15 1959 1939 1967 1935 May 15 1949 1929 1955 1926 COFFEE(US$/tonne) Close Prev High Low Sep 14 1975 1970 1978 1978 Nov 14 1997 1988 2001 1980
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    • 1033 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -55 3.74 46 Asia-Pacific Strategic W*****6 3.4 unch 7948 1 2 56 Acma Ltd W*****7 0.3 unch 1388 1 4 126 6.33 22 Exer Ascendas
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    • 70 23 CRUDE OIL PRODUCTS Sep 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.15 -0.25 WTI (Near Mth) 93.08 1.38 Dubai (1-Mth F) 96.32 -1.58 Tapis blend 99.13 -1.91 Minas 94.63 -1.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.39 -1.67 Jet Kerosene 111.94 -1.60 US$/barrel OpecOil Basket
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    • 22 23 Sep 12 S$ Bid Offer 1-month 1.2628 1.2637 2-months 1.2628 1.2637 3-months 1.2628 1.2637 6-months 1.2627 1.2636 Source: OCBC
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    • 65 23 Sep-12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1992.50 2002.75 3 months 2029.00 2040.00 Copper, Grade A(US$/tonne) Cash 6866.00 6860.00 3 months 6838.00 6835.00 Lead(US$/tonne) Cash 2110.75 2106.50 3 months 2122.00 2118.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.00
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    • 121 23 As at 9am Sep 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.176 1.120 Can dollar 1.166 1.122 Euro 1.671 1.592 Sterling pound 2.091 2.011 NZ dollar 1.058 1.018 US dollar 1.290 1.229 Local dollars to 100 units of foreign
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    • 157 23 Sep 12 $S Offer Bid 0vernight 0.03 0.01 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.18 US$ 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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  • 2146 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 24 Advertisements
    • 54 24 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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    • 106 25 Shipping lines seeking reliable Can they find your services here in the Shipping Times? 15-15 TO ADVERTISE, CALL JOE WONG AT *****327 The Business Times ML U UJINLJJ IIIVILJ Shipping Times Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins
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    • 176 26 B SOCIAL MEDIA SELLING BOOTCAMP Social selling for SMEs to acquire leads, stand out in the market and generate more sales. r? Vi $1 1 N 18-19 September 2014 X 9am 5pm The Amara Hotel 165 Tanjong Pagar Road, Singapore *****9 •is SUM •isms HiJP WHY YOU SHOULD ATTEND; Reach
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  • Page 27 Advertisements
    • 64 27 <++> ich Ask2014 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 TUR 14-16 October 2014 Singapore EXPO Halls 3 4 www.buildtechasia.com t rT r- f!' W ■y Pfi BBB p, wr v> &:^&Ss9isSSh&y.' m To Exhibit: Tel:+65 6319 4021 Email: buildtechasia@sph.com.sg To Visit: Pre-register at www.buildtechasia.com
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    • 199 27 $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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    • 155 27 Fujitsu recommends Windows 8 Pro. FUJITSU The Best Workstation for every Application Fujitsu CELSIUS Highlights CELSIUS Value Propositions Comprehensive portfolio From mobile up to dual processor high-end workstation Engineered in Germany Own system engineering, main board development and production Testing in our own accredited Centre of Test Compliance State-of-the-art technologies
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 927 28  -  CEO Anders Gustafsson sees it becoming the leader in smart mobile computing and enterprise IoT,writes IoT,writes AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT A LITTLE over four months after it announced a marketsurprising deal to acquire Motorola Solutions’ enterprise business for US$3.45 billion, Zebra Technologies is well
      927 words
    • 760 27  -  Better technology, lower prices are driving the sale of smartphones worldwide, writesAMIT AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT THERE has been a virtual parade of tall, slim, good-looking, and yet super powerful smartphones released by top global manufacturers this month. It started at the world’s
      Source: GSMA Intelligence  -  760 words
    • 640 27  -  By VICTORIA HO DESPITE the surge in consumer participation in 3D printing, the industry is secure against the DIY (do it yourself) movement, 3D printing giant Stratasys says. The Nasdaq-listed company is one of the world’s biggest 3D printer
      640 words
    • 395 27 AFP [ZURICH] Apple may be known for revolutionising the world of music and mobile phones, but Switzerland’s centuries-old luxury watchmakers are unimpressed with the US tech giant’s latest foray into their world. “I was expecting more. I’m a bit disappointed,” luxury giant LVMH’s
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  • Page 28 Advertisements
    • 344 28 TOSHIBA Leading Innovation »> Toshiba recommends Windows. Best of Breed, Enterprise class Notebook PCs Toshiba means Business Tecr/k W50 Toshiba Most Powerful Mobile Workstation 1 Powered by Intel* Quad-core processor with NVIDIA* Quadra* graphics and true to life colour calibration by ChromaTune* on a 4k2k display Z30 Ultrabook" Lightest in
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    • 183 28 The Business Times Get the big picture anytime, anywhere Subscribe to The Business Times All-in-One PLUS and receive the Dell Mobile Projector M115HD worth S$1,000. 44.99 /month TTM1 l: GET THE BIG PICTURE Subscribe to The Business Times now at www.sphsubscription.com.sg/btsept2014 eisii Terms Conditions Eligible for: New subscribers: Subscribers who
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