The Business Times, 10 September 2013
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2013-09-10
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The Business Times
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Title Section25 2013-09-10 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, eptember 10, 201325 words
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Article, Illustration907 2013-09-10 1 NISHA RAMCHANDANI - Engine power criterion may win Cat A back for mass market brands By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The gap between small car and big car premiums for certificates of entitlement (COEs) could widen once again as changes are afoot to tighten the smallGraphics: Sarah Loyola; Source: LTA - 907 words
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919 2013-09-10 1 KALPANA RASHIWALA - By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] The response to last week’s launches of The Glades in Tanah Merah and The Skywoods in the Dairy Farm area shows just how severely the new loan curbs have affected private home sales. Not only were sales919 words
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MARKETS DIGEST
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Article65 2013-09-10 1 GST INDEX 3,088.20 (+39.85) GST INDEX FUTURES 3,087.00 (+40.00) GSIMSCI 351.81 (+4.57) GSIMSCI FUTURES 351.90 (+4.40) US$ S$ US$ (S$ per US$) 1.273 (US$/S$ per 1.566 1.993 EURO (US$/S$/€ 1.318 1.678 Foreign currency per US$ S$ YEN 99.60 78.20 RM 3.309 2.599 HK$ 7.756 6.092 BAHT 32.26 25.34 RUPIAH65 words
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Article47 2013-09-10 1 Monday Change KL COMP 1,747.03 +23.23 NIKKEI 225 14,205.23 +344.42 HANG SENG 22,750.65 +129.43 SET INDEX 1,384.31 +48.06 JAKARTA COMP 4,191.26 +118.90 MANILA COMP 5,997.04 +22.42 SEOUL COMP 1,974.67 +19.36 SHENZHEN B 835.54 +12.14 MUMBAI IND Closed 12noon EDT Change DOW 15,019.47 +96.97 NASDAQ 3,690.56 +30.5547 words
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Article21 2013-09-10 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 13.344 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg21 words
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Page 1 Advertisements
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Advertisement198 2013-09-10 1 SME Inc Sharing in the joy of new mothers COMPANIES XMH buys power generator manufacturer PAGE 4 PROPERTY Belmont Rd GCB put up for sale at $50m PAGE 10 PAGE 12 COMMENTARY Bad news continues to pile up for Obama PAGE 20 **********04 TUDOR PELAGOS Self-winding mechanical movement, waterproof to198 words
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TOP STORIES
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1399 2013-09-10 2 SIOW LI SEN - Performance-related remuneration still not espoused by many firms By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] A look at the 30 top earning chief executives’ pay shows that the idea of aligning their pay to shareholders’ interests by having performance-relat-ed remuneration is often just1,399 words
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Article369 2013-09-10 2 Posh cars driven out of Category A THE gap between small car and big car premiums for COEs could widen once again as changes are afoot to tighten the small car category, effectively weeding out most premium models. FRONT PAGE TDSR casts shadow over new launches THE response369 words
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546 2013-09-10 2 ANTHONY ROWLEY - BY ANTHONY ROWLEY in Tokyo TOKYO stock prices jumped sharply yesterday, as investors began translating the jubilation that the Japanese in general are feeling at securing the right to host the 2020 Olympic Games into “dollars and cents” calculations on an expected economic546 words
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1010 2013-09-10 2 Bloomberg [TOKYO] Las Vegas Sands Corp and MGM Resorts International are scouting sites for casinos in Japan as Tokyo’s selection to host the 2020 Olympics boosts confidence a law legalising gambling resorts in the capital will pass. The International Olympic Committee’s (IOC)Bloomberg - 1,010 words
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Article, Illustration981 2013-09-10 3 NEIL BEHRMANN - But watchers differ in predictions and views over direction ahead, valuations By NEIL BEHRMANN in London DEVELOPED equity markets have brushed off fears of Middle Eastern conflagration and recent spikes in the oil price and bond yields. Even depressed emerging markets have rallied slightlyGraphics: Sarah Loyola - 981 words
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430 2013-09-10 3 AFP [GENEVA] Negotiators must inject new life into global trade talks within weeks or risk seeing the world slide down the road to protectionism and regional deals, the new leader of the WTO said yesterday. Brazilian Roberto Azevedo, in his first address to theAFP - 430 words
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Page 3 Advertisements
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Advertisement47 2013-09-10 3 mm m v i +65 6735 5225PRADA.COM V' i wJyA v Y C- >V« y u > 7 A C iy lV \n/ I •'a ViS'iJt' hi VI j\ i v Wit’hi w j f! V 4 W > I "0 i K o ,§Zry‘ .fSSi i ,f <■ 147 words
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COMPANY NEWS
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456 2013-09-10 4 ANDREA SOH - Shares gain 5% on purchase of Mech-Power Generator B)’ ANDREA SOH sandrea@sph.com.sg SHARES in XMH Holdings rose 2 cents, or 4.9 per cent, to 43 cents yesterday after the diesel engine provider announced an acquisition over the weekend. In its first major acquisition since456 words
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639 2013-09-10 4 JOYCE HOOI - By JOYCE HOOI joyceh@sph.com.sg IN THE face of Australia’s new government, little will change the status quo for SingTel’s Optus for now, industry watchers say. While analysts are keeping one eye on the Australian dollar and the other on the country’s National Broadband639 words
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Article, Illustration417 2013-09-10 4 VEN SREENIVASAN - By VEN SREENIVASAN ven@sph.com.sg THE stock of A-Sonic Aerospace took off on high volumes yesterday, following the logistics and aerospace company’s revelation last week that it has started up an aircraft-leasing division. A-Sonic was the third most actively traded counter on the Singapore ExchangeSource: Bloomberg - 417 words
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Article, Illustration663 2013-09-10 7 GRACE LEONG - Three contractors also named in lawsuit By GRACE LEONG gleong@sph.com.sg TERMITE infestation, flooded staircases and a rotting timber pool deck were among defects alleged in a lawsuit brought by more than 100 homeowners of oceanfront residential enclave, The Coast at Sentosa Cove,BT FILE PHOTO - 663 words
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446 2013-09-10 7 KENNETH LIM - It puts share price in perspective; says IDs carefully considered IFA’s advice By KENNETH LIM kenlim@sph.com.sg SYNEAR Food Holdings’ independent shareholders have adhered to the recommendation of an independent financial adviser (IFA) that shareholders approve a delisting plan, the company stressed yesterday, in a response446 words
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517 2013-09-10 8 ANGELA TAN - Moody’s move follows Indofood’s takeover of Chinese vegetable processor By ANGELA TAN angelat@sph.com.sg CHINA Minzhong’s Ba3 rating has been put on review for upgrade following news that Indonesia’s PT Indofood Sukses Makmur now owns more than 50 per cent of the Chinese vegetable processor.517 words
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315 2013-09-10 8 VEN SREENIVASAN - It has bought a further 23.1m shares, raising its stake from 33% to 35.8% By VEN SREENIVASAN ven@sph.com.sg TIGER Airways Holdings has upped its shareholding in the capital of Indonesia’s PT Mandala Airlines from 33 per cent to 35.8 per cent. The Singapore Airlines’ budget315 words
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Article, Illustration415 2013-09-10 8 Bloomberg AMARA Holdings Ltd, a Sin-gapore-based hotel operator, may sell hospitality assets as a real estate investment trust (Reit). A “Reit has always been one of the options that one can consider to go as- set-light,” the company said in an e-mailed response toBloomberg; BT FILE PHOTO - 415 words
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198 2013-09-10 8 JACQUELYN CHEOK - By JACQUELYN CHEOK jaccheok@sph.com.sg NEO Group Ltd yesterday posted a net profit of $2.77 million for the six months ended July 31, 2013, almost four times the net profit of $703,000 a year ago. This comes on the back of a 23.2 per198 words
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Advertisement139 2013-09-10 4 Top Business Schools Coming to Recruit Local Talent Singapore MBA Conference Monday 16 September 2013 17 00 h 22 00 h Shangri-La Hotel Singapore 22 Orange Grove Road ft FAIR: Speak one on one with admission representatives and atumni MBA PANELS: Cover valuable admissions topics, applying, financing career search MEETUP:139 words
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Advertisement241 2013-09-10 4 In collaboration with Asian Composers League Festival Conference 20 -23 September 2013 Singapore Mult culturalism in Asian Contemporary Music Composers Society of Singapore o u if fin U)l 31st Asian Composers League Festival 2013 Opening Concert 20 September 2013 Friday 8 pm SCO Concert Hall Chia Found Tsai Umg-Huei (Taiwan)241 words
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Advertisement103 2013-09-10 5 HITACHI Inspire the Next n WHY CAN'T WE PUT ENERGY TO SLEEP AT NIGHT?" At Hitachi, we're inspired by challenging questions. That's why we've taken a different approach to help cities face the growing demand for energy. We're committed to finding integrated solutions that not only optimise consumption but contribute103 words
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SINGAPORE MARKETS
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Article, Illustration596 2013-09-10 6 R SIVANITHY - ST Index surges 1.3 per cent as markets now expect a delay in US Fed tapering STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent IT was business as usual yesterday for stock markets as a disappointing US jobs report on Friday sent the major indices surgingSource: Bloomberg - 596 words
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Article73 2013-09-10 6 Sep 9 VALUE CLOSE BT OB/OS -83.00 +194.00 BT CADI -*****.00 +135.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 743.36 +2.71 FTSE ST Small Cap 543.41 +6.03 FTSE ST All Share 758.03 +8.47 FTSE ST China Top 194.33 +1.17 FTSE ST China 222.33 +0.94 FTSE73 words
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Article55 2013-09-10 6 VOLUME Albedo 168,747,000 Oceanus 145,828,000 TopGlobal W*****9 110,625,000 A-Sonic 103,567,000 Compact 86,313,000 Oakwell Engg 79,243,000 AdvanceSCT 76,827,000 APStrategic 72,719,000 Thai Beverage 56,170,000 Otto Marine 53,599,000 VALUE($) DBS Grp 99,014,660 SingTel 57,125,940 OCBC Bk 39,011,345 Genting SP 38,975,980 APStrategic 35,432,340 Rex Intl 33,197,150 UOB 31,892,500 Thai Beverage 28,515,61255 words
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Article186 2013-09-10 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 4 7 0 0 0 3 4 7 Manufacturing 69 44 29 15 7 10 84 51 39 Commerce 26 15 23 8 2 3 34 17 26 Tpt/Stor/Comms 21 10 8186 words
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Article123 2013-09-10 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,412 39,412 40,278 40,278 Manufacturing 449,633 57,055 506,688 164,924 5,380 170,305 Commerce 312,040 347,705 659,745 109,997 22,499 132,496 Tpt/Stor/Comms 88,425 14,638 103,063 118,436 6,234 124,670 Finance 53,715 2,656 56,371 186,210 1,088 187,298 Construction 104,464 69,602123 words
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Article880 2013-09-10 6 KENNETH LIM - Compiled by KENNETH LIM Singapore Reits OCBC Investment Research, Sept 9 ON May 22, US Federal Reserve chairman Ben Bernanke first raised the spectre of a reduction in monthly purchases under the QE3 programme. As the dust begins to settle after significant volatility in global markets, and with880 words
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Article114 2013-09-10 6 Stock name Close Change CapMallsAsia 1.880 +0.035 CapitaLand 3.020 +0.060 CapitaMall 1.855 +0.005 CityDev 10.05 +0.140 ComfortDelGro 1.865 +0.010 DBS Grp 16.57 +0.380 GLP 2.790 +0.040 Genting SP 1.370 +0.035 Golden Agri 0.560 HK Land 6.370 +0.070 HPH Trust US$ 0.735 JMH 53.99 +0.990 JSH 33.29114 words
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Article, Illustration475 2013-09-10 6 CURRENCIES Reuters [LONDON] The yen fell yesterday, losing ground after Japanese stocks rallied following Tokyo’s winning bid to host the 2020 Olympics and an upgrade of second-quarter economic growth. The euro rose against the dollar to US$1.3195, on better-than-expected eurozone sentiment data.Reuters; PHOTO: REUTERS - 475 words
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Article107 2013-09-10 6 BY CENTS CLOSE UP Hyflux 6% CPS 10 ***** 280.0 2.6 DBXT Nifty 10US$ 9003 271.2 2.4 GLD 10US$ ***** 229.1 1.4 JSH 3329 142.6 3.5 JMH 5399 126.0 1.9 DBXT FTChina25 10US$ 2923 124.8 3.5 DBXT MSTHAI 10US$ 1897 103.1 4.5 DBXT MSINDO 10us$ 1171 75.1 5.3 Lyxor107 words
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Article131 2013-09-10 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -184.0 -0.8 DBXT FTVietnam 10US$ 2172 -43.3 -1.5 DBXT S&P Short 10US$ 2915 -31.8 -0.9 IS LC BND 100S$D 1180 -18.0 -1.5 IS LC BND 100US$ 920 -16.6 -1.4 B Sembawang 605 -10.0 -1.6 Creative Tech 214 -10.0 -4.5 STXPO131 words
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Page 7 Advertisements
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Advertisement72 2013-09-10 7 Making Appointment and 3 Basic Information’s GIVEN ahead is a must! Company Name, Person-In-Charge (Director Owner Name only) and Contact Number. Fax: (65)*****651 sales_enquiries@e-intrasphere.com www.e-intrasphere.com Intrasphere Business Group™ The Loan and Grant Department Enterprises Doctor, The SME Consultant e-mail notices@sph.com.sg to publicise your Financial Statements IntraSphero it m m t72 words
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Advertisement197 2013-09-10 7 ydi K LSEJIf Isibe M rsE 3RU SI i -‘V 'r jv A' -;V‘ v v 1 With access to more exchanges, the world is your oyster. Tap into global markets with our new Equity Research Tools. Open up your online trading to a host of new opportunities with access197 words
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Advertisement382 2013-09-10 8 U- 15 November 2013 N3al» 4t (0mei& U IS 2013 Grand Hyatt Bali, Indonesia CO-HOSTED BY: PERTAMINA o<> skkmigas ORGANISED BY: Conference Connection CORPORATE SPONSORS: Ta sweep 1 The Only Global Condensate Naphtha Forum Where Global Condensate Naphtha Buyers Sellers Meet The 17 th Annual CONDENSATE NAPHTHA FORUM (CONDENSATE 2013)382 words
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Advertisement253 2013-09-10 8 Trading Currencies Can Be Easy... With The Right Mentor At Your Side. Take advantage of this rare opportunity to learn from Kathy Lien, one of the best known traders in the currency market. She will share with you EVERYTHING that she believes is important to know about the fundamentals. No253 words
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Advertisement240 2013-09-10 8 O SHARElNVLS 3fiS li I iAB Many people trade in stocks but how many can enter a trade with confidence and achieve profits consistently? In an increasingly uncertain and volatile investment environment, picking the right stock, entering at the right level and having the discipline to walk away from an240 words
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Page 9 Advertisements
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Advertisement381 2013-09-10 9 m m i II t-w WINNER OF THE PRESTIGIOUS ASEAN BUSINESS AWARDS 2013 On 20 August 2013, OKH Group Ltd. was conferred the 2013 ASEAN Business Awards (ABA) for the category of Growth (Large Company) in a ceremony held in Brunei Darussalam. ABA, launched in 2007, recognises enterprises that have381 words
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SINGAPORE NEWS
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Article, Illustration676 2013-09-10 10 MICHELLE QUAH - Interest rate of 4.5% makes it a ‘win-win’ deal for both church, Firna CITY HARVEST CHURCH CASE By MICHELLE QUAH michquah@sph.com.sg THE defence counsel sought to prove yesterday that the various bond issues City Harvest Church (CHC) was involved in were not shams, but genuine676 words
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Article, Illustration495 2013-09-10 10 FELDA CHAY - By FELDA CHAY feldac@sph.com.sg A GOOD class bungalow (GCB) at 74 Belmont Road is up for sale at about $50 million or $1,890 per square foot (psf) of land area. For sale by expression of interest, the property495 words
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669 2013-09-10 10 ANNABETH LEOW - Number of outlets up from 138 in 2008 to 200; loans more than triple to $7.1 b By ANNABETH LEOW leowhma@sph.com.sg BIG fish are making waves in the pawnbroking industry, with MoneyMax becoming the latest to make the initial public offering (IPO)669 words
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604 2013-09-10 10 When a curry puff works but a croissant doesn’t Old Chang Kee boss will relate the story at a convention on Sept 17, besides other speakers WHEN Han Keen Juan acquired Old Chang Kee in 1986, blending the old and the new worked wonders. The company grew rapidly. So, next,604 words
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Advertisement41 2013-09-10 10 SGD900*Only applicable for healthcareoperators To register, visit www.patientcareasia.com or contact Jiahui at jiahui@sphereconferences.com or +65 6848 5378 Group bookings is available too! Enjoy up to 20% discount if you sign up in groups of 3 or 6. Terms and conditionss apply41 words
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Advertisement27 2013-09-10 10 m sL r LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FflCEBODK.COM/HOTFMSG I 3* HOTFMSG27 words
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Page 11 Advertisements
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Advertisement402 2013-09-10 11 1 WINNER OF THE PRESTIGIOUS ASEAN BUSINESS r# I m H IB AWARDS 2013 “A SEAN’s growing presence in the global economy provides business enterprises within these countries with a valuable position to build a more vibrant and diverse corporate ecosystem. Winning this esteemed regional business award is a proud402 words
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SME Inc
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Article, Illustration1395 2013-09-10 12 JASLENE PANG - Milky Way milks a niche for clothes for expectant and new mothers, reports JASLENE PANG reports JASLENE PANG DECLINING birth rates may be a worry for governments, but for Milky Way, a homegrown company that designs and produces apparel for expectant and breast-feedingPHOTO: ARTHUR LEE - 1,395 words
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72 2013-09-10 12 Milky Way and Singapore finger painter Adeline Yeo will be launching a limited-edition women’s collection this Thursday that will feature Ms Yeo’s paintings on a line of clothing that includes dresses and scarves. The collection will be suitable for all women, including expectant and post-pregnancy women. Catch72 words
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Article, Illustration816 2013-09-10 12 WONG HSUN-MIN - SMEs can reap the rewards of capitalising on the stronger ties between Singapore and Malaysia COMMENTARY By WONG HSUN-MIN Wong Hsun-Min heads business banking at RHB Bank Singapore STRONGER ties between Singapore and Malaysia represent opportunities for Singapore businesses to step into Iskandar. In fact,PHOTO: LINK (THM) HOLDINGS - 816 words
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Article, Illustration1508 2013-09-10 13 WANG XIN MIN - Using games, Innervative Learning presents lessons in macroeconomics fundamentals essential for sound investment, reports WANG XIN MIN AN EDUCATED populace that practices prudent financial planning based on a deep understanding of macroeconomics fundamentals that is the vision of James Chia and Lynn Koh, foundersPHOTO: ARTHUR LEE - 1,508 words
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Advertisement162 2013-09-10 13 z i m L i r Manna Bay Financial Centre Six Battery Rd Suntec Tower 3 PSA Building THE WORLD’S FINEST SERVICED VIRTUAL OFFICES Variety of offices to cater to your every need Prestigious address, dedicated receptionist secretarial support, 5 star meeting rooms boardrooms Experience world leading IT and communications162 words
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Advertisement382 2013-09-10 13 Confidence. Where can an investor find it right now? Watch this month's Substance video and get our expert's opinion. Go to ubs.com/substance or call +65 *****772 ■y. 0i& We will not rest UBS This material has no regard to the specific investment objectives, financial situation or particular needs of any382 words
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MALAYSIA/INDONESIA
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459 2013-09-10 14 But they are expected to pick up in H2 and full-year sales will beat last year’s, says report [KUALA LUMPUR] Retail research firm Retail Group Malaysia said the country’s retail industry recorded a lower-than-ex-pected growth rate of 4.6 per cent in retail sales459 words
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Article, Illustration800 2013-09-10 14 Outpriced local oranges lay bare infrastructure woes Reuters [JAKARTA] Indonesia’s government is confident that a slide in economic growth, exacerbated by recent capital flight from emerging markets, is a hiccup that will soon pass. The price of oranges in a Jakarta market givesReuters; PHOTO: REUTERS - 800 words
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Page 14 Advertisements
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Advertisement144 2013-09-10 14 The Search For Your IDEAL EMPLOYEE Ends Here With access to STJobs' growing database of close to 650,000 candidates, automated email alerts to suitable candidates and 30 days of online exposure for your company, it's much easier to seek out your ideal employee. F l U K C 1 F144 words
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Advertisement87 2013-09-10 15 0K you 3 until y 001 man did I'm no* coffin ngW.^ i0f for an 10* it***! 0?> S 8^ Stops' V. 0^-* IP 1 i*ta0 Bilingual in English and Chinese LEE KURN YEU Follow Singapore's founding Prime Minister through nine decades of his life in this new pictorial book87 words
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GREATER CHINA/INDIA
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Article, Illustration732 2013-09-10 16 Many entrepreneurs are voicing their frustration over lack of adequate reforms Reuters [MUMBAI] After the rapid slide in India’s rupee this year, the message from the country’s corporate titans to the government is clear: shape up and fix the problemsReuters; PHOTO: REUTERS - 732 words
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306 2013-09-10 16 AFP [BEIJING] Chinese inflation slowed to 2.6 per cent year-on-year in August, the National Bureau of Statistics said yesterday, giving the government more room to unveil new measures to boost the world’s number two economy. The rise in the consumer price index, aAFP - 306 words
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401 2013-09-10 16 Reuters [SINGAPORE] China’s tin industry is turning to Myanmar to help plug a gap in the supply of raw materials after new trading rules in the world’s top exporter Indonesia squeezed its major source of refined tin. China, theReuters - 401 words
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WORLD
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576 2013-09-10 17 This will help keep borrowing costs on target when era of zero rates ends Reuters [NEW YORK] The US Federal Reserve is developing yet another tool to help it keep borrowing costs on target when the era of zero-inter-est ratesReuters - 576 words
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Article326 2013-09-10 17 Brazil TV airs leaked documents to highlight extent of US spying Reuters [RIO DE JANEIRO] The US government tapped into computer networks of companies including Google and Brazilian oil firm Petroleo Brasileiro, according to leaked US documents aired by Globo, Brazil’s biggest television network. AReuters - 326 words
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Article399 2013-09-10 17 Deals involving emerging market companies at a low Reuters [NEW YORK] Mergers and acquisitions activity among developed and emerging markets fell 22.4 per cent to a record low in the first half of 2013 compared with the same period a year ago due primarily to economicReuters - 399 words
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Article, Illustration556 2013-09-10 18 Move will help it compete with HK, Singapore for rich overseas travellers Bloomberg [BANGKOK] Thailand’s government said it will scrap import duties on luxury watches, clothes and cosmetics to help the country compete with Hong Kong and Singapore for wealthy travellers fromBloomberg; PHOTO: REUTERS - 556 words
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728 2013-09-10 18 It’s due to shrinking workforce, affecting stimulus cutback Bloomberg [WASHINGTON] The good news may be bad news for the US Federal Reserve as it considers when to begin scaling back its stimulus. While unemployment dropped last month to 7.3 per cent the lowest levelBloomberg - 728 words
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401 2013-09-10 19 Accountancy firm says it still disagrees with tribunal’s main conclusions Reuters [LONDON] Accountancy firm Deloitte has been fined a record £14 million (S$28 million) for failing to manage conflicts of interest in its advice to collapsed British carmaker MG Rover Group. TheReuters - 401 words
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Article, Illustration513 2013-09-10 19 Reuters [FRANKFURT] Vodafone urged Kabel Deutschland shareholders to accept its 7.7 billion euro (US$10.1 billion) offer, warning the bid would lapse if less than three quarters of them agree to sell Germany’s largest cable operator by Wednesday. Earlier on Monday theReuters; PHOTO: REUTERS - 513 words
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411 2013-09-10 19 Bloomberg [MUNICH] The reinsurance industry may attract about US$100 billion of new capital from alternative sources over the next five years as pension and hedge funds boost investment, according to broker Aon plc. Companies such as Munich Re, the biggest reinsurer, andBloomberg - 411 words
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Article, Illustration512 2013-09-10 19 AP [AMSTERDAM] The Van Gogh Museum says it has identified a long-lost Vincent Van Gogh painting that spent years in a Norwegian attic believed to be by another painter. It is the first full-size canvas by the Dutch master discovered since 1928. “SunsetAP; PHOTO: AP - 512 words
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410 2013-09-10 19 Reuters Bloomberg [BRUSSELS] Google has offered further concessions aimed at ending a threeyear investigation into complaints it was blocking competitors and to avert a possible US$5 billion fine, the European Commission said yesterday. The new proposal comes two months after the Commission,Reuters; Bloomberg - 410 words
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Advertisement288 2013-09-10 17 www.omy.sg (Jelly) a lifestyle.omy.sg 0i£0 Hkr HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sq. WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF 1. ASIA DIGITAL HOLDINGS PTE. LTD. Co.288 words
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Advertisement885 2013-09-10 17 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CHASEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6814G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held at the Raffles Lounge (Level 2), Raffles885 words
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Advertisement1079 2013-09-10 17 /5,D/VHoldings limited ISDN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6788Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of ISDN HOLDINGS LIMITED (the “Company") will be held at 12 Kallang Way #02-01, Nova Building, Singapore *****6, on 25 September1,079 words
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Advertisement73 2013-09-10 18 STCARS .SG Your One-Stop Portal for Cars and Accessories m Latest car reviews motoring news !Wide collection of accessories Information guide for motoring services o v' 1 f w SL Extensive selection of used rental cars Good o variety of commercial vehicles Comprehensive collection of new cars Find more than73 words
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EDITORIAL & OPINION
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495 2013-09-10 20 EDITORIAL AS the Obama administration pursues its campaign for a military attack against Syria, it is becoming evident that there is considerable resistance in the US Congress as well as among US allies. The Obama administration’s rationale for a military attack against Syria has495 words
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Article, Illustration803 2013-09-10 20 DANIEL GROS - THE BOTTOM LINE DANIEL GROS The writer is Director of the Centre for European Policy Studies Project Syndicate EMERGING markets’ currencies are crashing, and their central banks are busy tightening policy, trying to stabilise their countries’ financial markets. Who is to blame forProject Syndicate - 803 words
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Article, Illustration1094 2013-09-10 20 LEON HADAR - Congress expected to oppose the president on economy, Syria and new Fed chief LEON HADAR Washington Correspondent CONGRESS returns to Washington this week after a summer recess. President Barack Obama is back from the G-20 Summit in Russia. The US president looksPHOTO: REUTERS - 1,094 words
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Article, Illustration1078 2013-09-10 21 WOO JUN JIE, SUVI DOGRA - Hong Kong’s FTA with Asean would benefit the city greatly but it may be disadvantageous for Singapore By WOO JUN JIE, SUVI DOGRA Woo Jun Jie is a PhD candidate at the Lee Kuan Yew School of Public Policy, National University of Singapore and SuviPHOTO: AFP - 1,078 words
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Article, Illustration880 2013-09-10 21 PAUL KRUGMAN - PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT LAST Saturday, Senator John Barrasso of Wyoming delivered the weekly Republican address. He ignored Syria, presumably because his– NYT; PHOTO: AFP - 880 words
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AVIATION/SHIPPING
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Article, Illustration366 2013-09-10 22 AP [BANGKOK] A Thai Airways plane carrying more than 280 people skidded off the runway while landing at Bangkok’s main airport, injuring 14 passengers, the airline said Monday. After the accident, workers on a crane blacked out the Thai Airways logo on theAP; PHOTO: AFP - 366 words
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537 2013-09-10 22 Bloomberg [NEW YORK] Delta Air Lines Inc, the world’s sec-ond-largest carrier, will replace BMC Software Inc in the Standard Poor’s 500 Index after reducing debt and restarting dividend payments in its comeback from bankruptcy. The move will take effect after the close ofBloomberg - 537 words
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Article232 2013-09-10 22 SGX '000 Sep 9 S$ +/-Vol CH Offshore Chuan Hup Hldg 0.27 -0.01 396 Cosco Corp 0.74 0.02 2863 CWT Ltd Ezra Hldgs 0.87 0.02 3614 First Ship Lea 0.09 unch 315 Freight Links 0.11 unch ***** Grand Banks 0.41 Jaya Hold Ltd 0.74 K1Ventures 0.21 0.01 *****232 words
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248 2013-09-10 22 [KUALA LUMPUR] IJM Corporation Bhd is selling a 40 per cent stake in Kuantan Port Consortium Sdn Bhd to China’s Guangxi Beibu Gulf International Port Group for RM334.42 million (S$129 million), Malaysian daily The Star reported. IJM said yesterday that its unit,248 words
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930 2013-09-10 22 Market abuzz despite Najib saying turnaround can’t happen overnight Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd (MAS) offers a bargain investment for traders willing to bet on a sale, as a turnaround stokes calls for the government to exit its stake. MASBloomberg - 930 words
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Article1346 2013-09-10 23 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 THE1,346 words
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Page 22 Advertisements
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Advertisement58 2013-09-10 22 R 0 P E R T Y m K KENSINGTON SQ. Jpp o a Retail' F Ra r e UPei nll<t Opportunity. investment pasSi® Move-m immed. wxxx GOLDEN MILE MRT 366/ 9,2 f,00r Vacant. ,al 'mmed. RARE INVESTMENT OPPORTUNITY? Check this and many other properties in CATS Classified in The58 words
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Page 22 Miscellaneous
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Miscellaneous331 2013-09-10 22 CRYPTIC CROSSWORD Across 1 The result of engaging comedians? (6,2,4) 9 Frank to reveal son all right in prison (9) 10 House needs work on wine store (5) 11 Offender’s secret on right of access (6) 12 Highly-developed sub used without purpose (8) 13 Millions invested in thinsounding cure (6)331 words
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Page 23 Advertisements
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Advertisement49 2013-09-10 23 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II49 words
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SINGAPORE STOCKS
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Article3182 2013-09-10 24 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 Last Vol Day Last Quote Div Gr Yld 188 106 AIMSAMPIReit M Cap High Low Company 75 57 ASL Marine3,182 words
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Article261 2013-09-10 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.5 unch 400 1.5 1.5 1.4 1.5 23.8 Last Quote Div Gr Yld Net M Cap High261 words
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Article11063 2013-09-10 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Local dcy SD Bond ....0.9917/ EM local Ccy Bond 0 8912/11,063 words
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Article274 2013-09-10 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 58 27 AVJennings A52.5 -1 9 55 52.5 53 57.5 3.6 6.7 4.3 194.4 52 31 Genting HK US$ US39 +0.5 2871 39.5 38.5 38.5 39 2568274 words
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Article931 2013-09-10 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 113 -1 10 114 113 113 115 515.8 143 124.3 CIMB APAC Div 100S$D 132.7cd 133.6 134.5 114.4 99.2 CIMB931 words
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FINANCE & COMMODITIES
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Article606 2013-09-10 26 Sep 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.67 *****.46 *****.68 Sep13 *****.00 *****.00 *****.00 *****.00 *****9 *****0 Dec13 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 288.61 289.92 286.54 Sep13 288.90 290.90 286.60 289.50 ***** *****2 Oct13 288.40606 words
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373 2013-09-10 26 In local curr In S$ In US$ dy yr dy yr dy yr Sep 6 Index Change Change Change Change Change Change World Preliminary 1080.3 0.2 15.1 -0.1 17.2 0.5 12.4 EAFE Preliminary 886.8 0.1 14.5 0.1 13.4 0.6 8.7 Europe Preliminary 1269.8 0.4 10.7373 words
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Article471 2013-09-10 26 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 0.956 5.635 0.698 7.140 60.061 102.871 0.916 10.006 3.046 1.150 96.336 40.730 1.172 9.211 0.864 27.443 29.697 0.588 0.921 Canada 1.046 5.892471 words
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Article53 2013-09-10 26 Sep 9 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 6 mths 12 mths 9 mths53 words
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Article90 2013-09-10 26 Sep 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****E 07-Mar-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.98 5-Year N*****0T 0.5 01-Apr-18 97.1590 words
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Article136 2013-09-10 26 Sep 9 GOLD(US$/oz) Sep 06 Sep 09 Hong Kong 1377.00 1395.00 Sep 05 Sep 06 London 1369.16 1386.78 1370.16 1387.57 Source: Thomson Reuters CAST BAR Sep 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128 57 5gm 363 284 10gm 649 568136 words
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Article57 2013-09-10 26 Jun 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2400.0 2401.0 2412.0 2400.0 99 1519 Oct 13 2448.0 2402.0 2448.0 2400.0 1241 ***** Nov 13 2447.0 2399.0 2449.0 2397.0 ***** ***** Dec 13 2445.0 2402.057 words
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Article155 2013-09-10 26 Sep 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1718 1.1720 0.9205 0.9206 Canadian dollar 1.2253 1.2255 0.9626 0.9626 Euro 1.6777 1.6781 1.3179 1.3181 NZ dollar 1.0192 1.0195 0.8006 0.8008 Sterling pound 1.9930 1.9937 1.5656 1.5660155 words
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Article109 2013-09-10 26 Sep 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1437.00 1423.00 1440.00 1422.00 Nov 13 1367.75 1367.50 1377.50 1355.50 Jan 14 1365.25 1364.25 1374.50 1353.25 Mar 14 1343.00 1343.75 1351.00 1331.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13109 words
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Article95 2013-09-10 26 Sep 6 COCOA (£/tonne) Close Prev High Low Sep 13 1714 1715 1720 1698 Dec 13 1700 1704 1707 1684 Mar 14 1680 1684 1685 1669 May 14 1678 1682 1684 1664 COFFEE(US$/tonne) Close Prev High Low Sep 13 1740 1735 1761 1744 Nov 13 1764 1760 1777 176195 words
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1138 2013-09-10 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 35 7 5105 0.0 5 -91 58 Asia-Pacific Strategic W*****6 1 0.5 917 1 123 134 53.00 8 Acma Ltd W*****7 Exer Price AlliedTech W*****2 Disc Ascendas Reit1,138 words
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Article70 2013-09-10 26 CRUDE OIL PRODUCTS Sep 06 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.88 1.01 WTI (Near Mth) 110.48 2.12 Dubai (1-Mth F) 108.70 -0.25 Tapis blend 122.70 -0.51 Minas 114.10 -0.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.78 0.45 Jet Kerosene 126.54 -0.02 US$/barrel OpecOil Basket70 words
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Article22 2013-09-10 26 Sep 9 S$ Bid Offer 1-month 1.2730 1.2731 2-months 1.2729 1.2730 3-months 1.2729 1.2730 6-months 1.2725 1.2727 Source: OCBC22 words
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Article66 2013-09-10 26 Sep-06 Sep-06 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1777.00 1751.05 3 months 1824.00 1798.00 Copper, Grade A(US$/tonne) Cash 7131.25 7079.25 3 months 7160.00 7108.00 Lead(US$/tonne) Cash 2135.25 2109.50 3 months 2151.00 2124.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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Article121 2013-09-10 26 As at 9am Sep 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.198 1.141 Can dollar 1.248 1.200 Euro 1.718 1.637 Sterling pound 2.031 1.953 NZ dollar 1.040 1.000 US dollar 1.302 1.240 Local dollars to 100 units of foreign121 words
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Article154 2013-09-10 26 Sep 9 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12154 words
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PROPERTY
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975 2013-09-10 27 A slew of big companies plan to raise billions of yuan in onshore bond sales Bloomberg [SINGAPORE] Property companies in China are betting regulators will end a three-year ban on onshore debt sales, as Premier Li Keqiang seeks to revive theBloomberg - 975 words
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Article, Illustration1329 2013-09-10 28 Buildings rising on bank-owned land show market revival in some areas Bloomberg [MADRID] In the upmarket Madrid neighbourhood of Arroyo del Fresno, red flags bearing the insignia of Banco Santander SA flutter atop a building site nestled between a medical centre and aBloomberg; PHOTO: BLOOMBERG - 1,329 words
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Article, Illustration340 2013-09-10 30 European markets post positive growth for first time since 2010: KF report Bloomb erg [DUBAI] Global house prices rose by an average of 2.4 per cent in the second quarter, the biggest increase in three years, as DubaiBloomberg; PHOTO: REUTERS - 340 words
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295 2013-09-10 30 Christchurch and Auckland lead rise on limited supply Reuters [WELLINGTON] New Zealand house prices hit a record high in August, as strong growth in the nation’s two main cities offset a flat showing elsewhere, government property valuer Quotable Value (QV) said yesterday.Reuters - 295 words
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279 2013-09-10 30 Xinhua [DUBAI] With the start of the business high season in the Gulf region, new real estate projects and property finance deals are announced here almost on a weekly basis. The last two weeks’ slump in the Dubai stock market by 13 perXinhua - 279 words
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383 2013-09-10 30 AP [RENO, US] A Lake Tahoe resort once owned by Frank Sinatra and frequented by his Rat Pack buddies is about to undergo a major makeover. The Cal Neva hotel-casi-no that straddles the Califor-nia-Nevada line will close for more than a year from yesterdayAP - 383 words
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Page 27 Advertisements
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Advertisement138 2013-09-10 27 Good Class Bungalow for Sale by Tender East Sussex Lane Land Area approx 15,100 sq ft Built Up approx 11,500 sq ft 21/2storey, 6 ensuite rooms 27 meters lap pool 3 covered car porches Excellent design, Quality furnishings Tender Closing 16 September 2013, 3pm For enquiries, please contact: Agency Licence138 words
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Advertisement191 2013-09-10 27 CATS Recruit The first door to your world of opportunities CLA/AUG06/g BELMONT ROAD Prime Good Class Bungalow For Sale jS Freehold (perpetual ownership) Rare large land plot: 26,455 sq ft Regular shape with wide frontage Main house with lush aerial view Guesthouse/ entertainment pavilion Expansive outdoor with swimming pool, sun191 words
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Advertisement269 2013-09-10 27 LONDON INVEST OPPORT NT 1TY yo ght ro M Na n z >/n M at n NT LS VE ET A RIT E GE C T MONTY NAWAZ ON vouOUQ ON PRIME FREEHOLD LAND LUXURY MIXED USE SCHEME I? PLANNING PERMISSION SECURED OVER 400 RESIDENTIAL UNITS JV WITH BOUTIQUE DEVELOPER269 words
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Page 28 Advertisements
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Advertisement97 2013-09-10 28 FOR SALE: 35 Tuas View Crescent DTZ Property Network Pte Ltd Estate Agent Licence No.: L*****60A Subject property located Tuas View Crescent Possible projected berthing port and container park zone around 2030 Part 1 part 3-storey Detached Industrial Warehousing premises Land: 172,209.48 sqft B2 zone uses (subject to JTC) Tenure:97 words
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Advertisement160 2013-09-10 28 SUNSHINE PLAZA Strata Office Units for Sale RENTAL GUARANTEE PACKAGE AVAILABLE Unit size from 484 sq ft Prices start from only $990k No restriction on foreign ownership Tenanted with immediate rental income Within walking distance to 4 MRT stations For Further Enquiries, Please Call Sole Marketing Agents: CLEMENCE LEE (CEA160 words
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Advertisement193 2013-09-10 28 SCOTTS I IIGIIPARK, D09 W* Knight 45 SCOTTS ROAD #06-03 Frank Wfe. UJ FOR SALE BY AUCTION A prestigious Freehold condominium in Dist. 9 Luxurious apartment with freedom of space 3,466 sq ft, good layout, 4 bedrooms, ample veranda space Near Newton MRT and Orchard Novena shopping belts are within193 words
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Page 29 Advertisements
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Advertisement430 2013-09-10 29 THE CORNICHE ALBERT EMBANKMENT LONDON L J? -1. we 7T Bfi 111 ■ffi BBS i ill il p Wii ras; -7: .-v* Impression LONDON LIFE AHEAD OF THE CURVE An exclusive riverside address with panoramic views over the most iconic stretch of the River Thames A collection of highly specified430 words
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Page 30 Advertisements
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Advertisement172 2013-09-10 30 Deutsche Bank db.com By invitation Women in Asian Business Conference The Power of Authenticity September 17, 2013, Marina Bay Sands Psvftrfvn, Featured speakers In conversation with Joanna Barsh McKinsey Company Director Emeritus and President, The Centered Leadership Project Datuk Yvonne Chia Former Group Managing Director and Chief Executive, Hong Leong172 words
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