The Business Times, 28 October 2013

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, October 28, 2013
    25 words
  • 851 1  -  Fed tapering concerns ‘postponed’, market rally also seen in perpetuals By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Singapore corporate bonds are touching new highs with investors once again chasing yield now that US Federal Reserve tapering concerns are next year’s problems. Even the dreaded
    Source: Bloomberg  -  851 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,205.24 +12.34 KL COMP 1,817.57 +17.98 NIKKEI 225 14,088.19 -473.35 HANG SENG 22,698.34 -641.76 SET INDEX 1,454.88 -29.84 JAKARTA COMP 4,580.85 +34.28 MANILA COMP 6,539.81 -68.02 SEOUL COMP 2,034.39 -18.01 SHENZHEN B 843.24 -12.42 MUMBAI IND 20,683.52 -199.37 DOW 15,570.28 +170.63 NASDAQ 3,943.36 +29.08 S&P
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    • 19 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.791 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.236 (US$/S$ per 1.622 2.005 EURO (US$/S$/E) 1.382 1.708 Foreign currency per US$ S$ YEN 97.00 78.50 RM 3.148 2.546 HK$ 7.754 6.272 BAHT 31.11 25.17 RUPIAH 11,005 8,903 RENMINBI 6.083 4.921 INDIAN RUPEE 61.61 49.84 A$ 1.043 0.844 NZ$ 1.204 0.974
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  • 614 1  -  Singapore’s top 5 models unchanged Reports by SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Never mind that COE premiums are skyrocketing a small Mercedes has been replaced by a bigger Benz to become Singapore’s top model. The Mercedes-Benz E-Class executive sedan is now the most popular car after
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  • 422 1 [SINGAPORE] The parallel import market continues to shrink sharply as luxury models outnumber mass market cars. In the first nine months of 2013, only 883 parallel imported cars were registered, down 25.3 per cent from the same period a year ago. By comparison, the total
    422 words
  • Page 1 Advertisements
    • 232 1 VIEWS FROM THE TOP Minority shareholders: Making their voices heard PAGES 10-11 CEO SPEAKS Kingsmen Creatives co-founders stick to basics PAGE 6 BizIT Staying neutral pays off for Informatica PAGE 32 DINING OUT Blue Lotus proves quite a draw PAGE 25 BT WEBSITES For breaking news, go to businesstimes.com.sg. For
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  • TOP STORIES
    • 442 2 Corporate bonds attractive again, reaching new peaks CORPORATE bonds are touching new highs with investors again chasing yield now that Fed tapering concerns are next year’s problems. FRONT PAGE Mercedes-Benz E-Class is No 1 in S’pore THE Mercedes-Benz E-Class executive sedan is now the most popular car after
      442 words
    • 766 2  -  Housing deficit to stay even when supply comes on board in 2015 BY ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Amid a sea of talk of a pending residential property market crash, one prominent consultant here has backed its resilience barring unforeseen systemic shocks. Alan Cheong,
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    • 833 4  -  Any hint of tapering will affect earnings momentum, chances for Santa Claus rally WALL STREET INSIGHT By ROB CURRAN LAST week, earnings reports helped US stocks inch up to make more record highs but most traders awaited a signal from
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    • 979 4  -  Canada, Australia, NZ and London projects see keen interest By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Singaporean buyers are heading to overseas property markets in droves, hitting familiar favourites such as London and Australia, but also new spots such as Canada and New Zealand. Indeed, Jones
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    • 18 4 Branchen Stars R1C-A 21/10/2013 199,38 EUR I db X-MACRO Trading Index Fund I4D 17/10/2013 86,32 GBP
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    • 1071 4  -  High, volatile fuel prices challenging for such operations By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Singapore Airlines’s (SIA) decision to phase out the world’s longest direct commercial flight next month its non-stop all-Business Class service from Singapore to Newark Liberty International Airport in New Jersey could
      FILE PHOTO  -  1,071 words
    • 698 4  -  Shaw Lay See succeeds Chia Boon Kuah as COO By FELDA CHAY By feldac@sph.com.sg [SINGAPORE] Far East Organization is making some changes to its management line-up as key man Chia Boon Kuah prepares to leave the firm in January next year. Chief among the changes
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 170 3 1 a I n i: i :f; wf Pm»'' M wj/mM > 'iwWI ,V M?m- i C V •V &e-\ ...■*>.. v rv I v.i vm i 3v > ■Lz' f fi f if/. f .'s Zs -1 B J V/v* r *n*v I.; i v N O X >
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  • Page 5 Advertisements
    • 124 5 s i oun SEAMLESS CLOUD FOR THE WORLD NTT Communications provides global enterprises with a broad suite of Information and Communication Technology (ICT) services—all powered by more than 140 data centres worldwide with network coverage in 160 countries/regions. Our Software-Defined Networking based comprehensive cloud services, make your migration process simple,
      124 words

  • COMPANY NEWS
    • 1134 6  -  Co-founders keep to a simple rule that has served them successfully all along do a good job and do right by your customers, reports KENNETH LIM CEO SPEAKS reports KENNETH LIM kenlim@sph.com.sg KINGSMEN Creatives co-founders Benedict Soh and Simon Ong have spent the better part
      PHOTO: ARTHUR LEE  -  1,134 words
    • 1216 6 Payment Ex Rec Pay Ann (cts) date date date date ABF S'pore Bond ag 2.300 10-Oct 14-Oct 31-Oct 04-Oct AIMS AMP Cap (1 Jul-30 Sep13) ct 2.750 01-Nov 05-Nov 18-Dec 23-Oct Amtek Engg ak 2.000 01-Nov 05-Nov 20-Nov 26-Aug Ascendas REIT (1 Jul-20 Sep 13) ag 3.600 22-Oct
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    • 283 6 Oct 25 Lloyds TSB Bank Plc 6.25 .6.25 Mega Inter'l Commercial Bank .5.25 Mitsubishi UFJ Trust Banking Mizuho Corporate Bank Ltd 6.00 Natixis Mitsubishi UFJ Trust Banking Norinchukin Bank, The Corp, Nordea Bank Finland PLC 6.00 Mizuho Corporate Bank Ltd Philippine Nat Bank 6.75 PT Bank Negara
      283 words
    • 705 6 COMPANY MEETING PLACE DATE TIME Avi-Tech Elect A 19A Serangoon North Avenue 5 6th floor 28-Oct 11.00am China Minzhong A Bras Basah Room Raffles City Convention Ctr 80 Bras Basah Road 28-Oct 10.00am Chosen Hldgs Ltd A 17 Woodlands Terrace Woodlands East Ind Est 28-Oct 10.00am Dukang Distillers
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    • 1061 7  -  By JASMINE NG jasng@sph.com.sg INVESTORS and other stakeholders today understand that financial measurement alone cannot provide sufficient insight into a company's performance. They now demand that businesses provide a more future-oriented narrative that will provide them with information they need to better
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    • 448 7  -  B)’ ONG CHOR HAO By ongch@sph.com.sg FRASER an d N ea v e s (F&N’s) move to shed its property arm and focus on its other core businesses took a step forward after Frasers Centrepoint Limited (FCL) got the go-ahead for its planned
      448 words
    • 1627 9  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying was high for the second straight week while the selling among directors plunged, according to Oct 21-25 filings on Singapore Exchange. A total of 17 companies recorded 35 purchases
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  • Page 6 Advertisements
    • 457 6 green >asia 7-9 November 2013 Singapore EXPO Convention Exhibition Centre KNOWLEDGE, TECHNOLOGY and IDEAS converge at the industry’s most highly anticipated event. GreenUrbanScape Asia Exhibition Over 100 international brands will showcase their products and solutions to some 4000 visitors locally and in the region. Discover the very best and latest
      457 words

  • Page 7 Advertisements
    • 201 7 A tr V. WE STARTED THINKING ABOUT TODAY THREE YEARS AGO Knowing what is happening in markets around the world today is not enough. Successfully investing clients' assets requires more. Identifying hidden risks. Uncovering future opportunities. Our time-tested investment process helps us separate market noise from market signals and look
      201 words

  • SINGAPORE MARKETS
    • 659 8  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent IT is not often that an upcoming US Federal Open Markets Committee (FOMC) meeting is viewed as a non-event, but such is the case this week. The US central bank’s poli-cy-setting body meets tomorrow and
      659 words
    • 506 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies rose for a fourth week on signs of a pickup in Chinese manufacturing and as US jobs data fuelled speculation that the Federal Reserve will delay cutting its record stimulus. The Bloomberg-JPMorgan Asia Dollar Index added 0.1 per
      Bloomberg  -  506 words
    • 1490 8 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 4 10.43 14.96 1.77 1.56 Amtek Engineering Ltd 3.50 3.50 2 0.05 7.97 0.49 0.49 ARA Asset Management Ltd 2.33
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    • 820 8 COMMODITIES AFP [LONDON] World oil prices dived to mul-ti-month lows last week, weighed down by abundant stockpiles in the United States, the top consumer, dealers said. Coffee futures slumped to their lowest levels in 4½ years, as traders also eyed the prospect of
      AFP  -  820 words
    • 4 8 WEEKLY
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    • 72 8 Oct 25 VALUE CLOSE BT OB/OS 184.00-220.00 BT CADI -*****.00 -57.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 744.29 -0.14 FTSE ST Small Cap 545.31 -1.13 FTSE ST All Share 779.71 -2.48 FTSE ST China Top 207.08 -0.57 FTSE ST China 233.61 -1.24 FTSE ST
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    • 53 8 VOLUME Innopac 1,258,789,000 YHM 598,456,000 Albedo 575,128,000 Blumont 538,447,000 Digiland 531,788,000 SingHaiyi 523,550,000 LionGold 441,296,000 Asiasons 433,913,000 Ace Achieve 382,072,000 Sunmoon 355,285,000 VALUE($) SingTel 316,419,743 Noble Grp 245,647,065 Kep REIT 232,772,100 OCBC Bk 231,841,288 DBS Grp 214,838,636 Keppel Corp 181,121,848 Genting SP 177,411,440 Wilmar 172,382,526 UOB 150,653,868
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    • 115 8 BY CENTS CLOSE UP DBXT SPASX200 10US$ 4166 810.7 18.7 DBXT iBoxxKR 5US$ ***** 776.1 4.4 IS S&P500 ***** 604.3 2.8 DBXT E50 10US$ 5080 358.4 6.1 DBXT AUDCS 5SG$ ***** 346.0 1.4 GLD 10US$ ***** 328.7 2.1 Lyxor Indonesia10US$ 8473 196.5 1.9 DBXT S&P500 10US$ 2888 168.1 4.9
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    • 133 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -131.0 -0.8 DBXT FTChina25 10US$ 2879 -129.8 -3.5 Lyxor China H 10US$ 1362 -85.3 -4.8 Jardine C&C 3608 -73.0 -2.0 JMH 5516 -56.9 -0.8 DBXT S&P Short 10US$ 2752 -39.6 -1.1 Lyxor MS India 10US$ 1288 -30.9 -1.9 HK Land 615
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    • 5 8 WEEKLY
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  • Page 9 Advertisements
    • 107 9 Tsinghua University hVf ********** wsb (Kmmm.) &w. w '911 if WN: 2014#4 jj- 2015^5j]) W *1 tr f J& 4 pic t+ 1, $L£>&1&60% £i 2. BONUS $15,000 fcmMisim Vtm&V, M il-J'&AT, ME A A, JA#Bn*lA$-fUk, WW13; ffi5-8^^jH>t|H]^fel^3-5^; #14, J&, life, mii«l»AIJ*, l 'l¥£k, a MscA, lfA4(iW -#tk£! ®i®A, ftAfi-wit
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    • 185 9 SMU Master of Professional Accounting I School of I Accountancy Opens up a world of opportunity George Lee Director Hotel Royal Group Key Subsidiaries MPA Class of 2008 Anne Chua Head Finance CapitaCommercial Trust MPA Class of2009 Owen Hawkes Partner, Forensic KPMG. Singapore MPA Class of 2013 A s IJ
      185 words

  • VIEWS FROM THE TOP
    • 2492 10 THIS WEEK’S TOPIC Do minority shareholders have a voice? How can Asia, and Singapore in particular, build a culture of shareholder activism in enhancing corporate governance? Lim Soon Hock Managing Director Plan-B ICAG Pte Ltd DRASTIC changes need to be implemented before Asia and Singapore, in
      PHOTO: REUTERS  -  2,492 words

  • Page 11 Advertisements
    • 429 11 Capitalise on a low 3% p.a. interest rate with our secured share overdraft. Our perks are purely financial. At CIMB Preferred, we believe in rewarding our customers with financial benefits, instead of the usual trivial luxuries. For starters, our secured share overdraft allows you to monetise your shares, which means
      429 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1480 12  -  The S’pore market, with firms operating in or with earnings from Southeast Asia, provides exposure to the region, says GEOFF HOWIE IMAGINE you are a fund manager sent back in time to 1967 and charged with convincing a large group of investors to put their
      FILE PHOTO  -  1,480 words
    • 182 12 COMPARED with the currencies of neighbouring countries, the Singapore dollar is relatively stable, making the city-state ideal for Aseanfocused companies to list. To get a gauge of the impact of currency volatility on equity returns, we compared the percentage change in various equity indices
      182 words
    • 948 12  -  SMU student realises economics and government policies’ impact on markets, reports BENJAMIN AW STARTING YOUNG reports BENJAMIN AW BHAVIN Mayur Vora knew that he was not playing with money when his father handed him a sum one day and told him, “If you lose it, that’s
      PHOTO: ARTHUR LEE  -  948 words
  • Page 12 Advertisements
    • 156 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
      156 words

  • SINGAPORE NEWS
    • 838 13  -  Works specialist Soon Li Heng started as a transport service provider for building materials BY JEREMY LIM TAU YONG, JULIAN TANG YOU GIN, WONG SING WEI The writers are students ofNUS Business School FEW would guess that back in 1975 when Soon Li Heng Civil
      PHOTO: YEN MENG JIIN  -  838 words
    • Article, Illustration
      427 13  -  By MINDY TAN tanmindy@sph.com.sg Silver Lining Carnival More than 800 needy seniors spent a day with over 1,200 volunteers from Standard Chartered Bank at its first Silver Lining Carnival. In addition to receiving a range of health screenings covering eye, hearing, dental, functional and mental health, by Tan
      PHOTO: BLOOMBERG SQUARE MILE RELAY  -  427 words
    • 507 13  -  By ONG CHOR HAO ongch@sph.com.sg WORK has started on what will be the largest single hospital development to date Sengkang General and Community Hospitals, which will add 1,400 new beds when completed in 2018. The hospital complex, which broke ground yesterday, is one
      PHOTO: SINGHEALTH  -  507 words

  • MALAYSIA/INDONESIA
    • 461 14 Investors mull effects from property tax, GST implementation [KUALA LUMPUR] Malaysia’s 2014 Budget may put the spotlight on certain stocks, from e-services provider MyEg Services Bhd to sugar maker MSM Malaysia Holdings Bhd, as investors figure out the potential winners and losers, The
      461 words
    • 609 14 Road users tweet to warn travellers of traffic-choked roads AFP [JAKARTA] Fed up with spending hours stuck in the gridlocked Indonesian capital Jakarta, hundreds of thousands of social mediasavvy commuters are tweeting to beat the traffic. The threadbare public transport system in
      AFP; PHOTO: AFP  -  609 words
    • 1435 14 VOL Oct 25 RM +/-(‘000) Abric Bhd (-000) Advance Synerg 0.15 0.01 382 Adventa Bhd 1.00 unch 71 Ae Multi Hldgs 0.22 unch 330 Affin Holdings 4.22 -0.06 60 Ahmad Zaki Res 1.02 -0.01 379 Airasia Bhd 0.01 Alliance Finan 5.15 0.04 1036 Aluminium Co 0.69 -0.02 30
      1,435 words
    • 502 14 LAT [JAKARTA] Indonesia will seek to rein in state spending next year to tackle a record current account shortfall that has hurt the rupiah. The government is aiming for a budget deficit of 1.69 per cent of gross domestic product next year, compared with
      LAT  -  502 words
  • Page 14 Advertisements
    • 141 14 Myanmar o Civil Aviation Development Conference 2014 24 26 March 20 1 4 I Yangon, Myanmar Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. Terms and conditions apply To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or
      141 words
    • 238 14 Technical Analysis is a methodology that is often used by traders to forecast future price movements. This helps traders to identify the optimum trading opportunities which allow them to maximise their investment returns. Existing chart patterns are often used to forecast future price movements. Together with technical indicators such as
      238 words

  • GREATER CHINA/INDIA
    • 462 15 Profits of major industrial firms rise 13.5% year-on-year Xin hua [BEIJING] Major Chinese industrial firms saw their profits rise 13.5 per cent year-on-year in the first three quarters, a faster pace than the 12.8 per cent growth rate in the JanuaryAugust period, the
      Xinhua  -  462 words
    • 600 15  -  By MYSSIE YOU EJ Insight [HONG KONG] Profit margins have shrunk in the garment industry in the Pearl River Delta as labour costs have risen. Diversified Hong Kong-based HKI Group will finally shutter its garment factories and retail clothing businesses in the
      EJ Insight  -  600 words
    • 481 15 AFP [NEW DELHI] India’s ruling Congress government has accused traders of cheating consumers as it struggles to reduce the cost of the vegetable known as the “poor man’s food” ahead of a string of state polls. The price of onions, a staple in Indian
      AFP; PHOTO: BLOOMBERG  -  481 words
  • Page 15 Advertisements
    • 86 15 ✓I w. J if Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to
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  • Page 16 Advertisements
    • 6705 16 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS. If Bondholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager, solicitor, accountant or
      6,705 words

  • WORLD
    • 872 17  -  Developing nations’ growth, currencies, demand for foreign goods remain weak By in NEIL BEHRMANN in London EUROPEAN companies and to a lesser extent US ones are still exposed to the collapse in emerging market currencies this year, even though there has been
      872 words
    • 572 17 These undervalued small, mid caps gaining attention AFP [TOKYO] A resurgent Japanese stock market has seen a big boom in shares of the country’s corporate titans, but now rich returns are waiting in small firms virtually unknown overseas, according to analysts. The likes of
      AFP  -  572 words
    • 884 19 It still faces local, state and federal probes into sale of mortgage securities AP [WASHINGTON] The US$5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities that it sold. It is merely a down
      AP; PHOTO: AP  -  884 words
    • 680 19 AP [WASHINGTON] Secretary of State John Kerry landed in Rome and Paris to talk about Mid-east peace, Syria and Iran but was confronted by outrage over the sweep and scope of US spying abroad. President Barack Obama already has defended America’s surveillance activities to
      AP  -  680 words
    • 450 19 Reuters [BERLIN] The United States may have bugged Angela Merkel’s phone for more than 10 years, according to a news report that also said President Barack Obama told the German leader he would have stopped it happening had he known about
      Reuters; PHOTO: AP  -  450 words
    • 620 20 But finance minister says ‘we will put the budget back into surplus ASAP’ Bloomberg [SYDNEY] Australia’s budget position has worsened since the Liberal-National coalition took power seven weeks ago, with the US$1.5 trillion economy struggling for momentum in non-min-ing sectors, Finance Minister Mathias
      Bloomberg; PHOTO: AFP  -  620 words
    • 316 20 Reuters [MILAN] Italy plans to unveil by year-end the details of a debt-cutting privatisation plan that is likely to include stakes in state-owned companies, Economy Minister Fabrizio Saccomanni said in an interview with Italian television. Asked whether Rome was planning to sell a
      Reuters  -  316 words
    • 390 20 AP [GREATER NOIDA] Red Bull’s Sebastian Vettel claimed his fourth straight Formula One championship yesterday after turning in a trademark clinical performance to win the Indian Grand Prix. Starting from pole, Vettel again dominated the Buddh International Circuit to join F1 greats Juan Miguel Fangio
      AP; PHOTO: AFP  -  390 words
  • Page 17 Advertisements
    • 1424 17 The term “related party”, in relation to a person, means any other person who, directly or indirectly, controls that person, or is controlled, directly or indirectly, by that person, or where he and that other person, directly or indirectly, are under the control of a common person. The terms “prepayment
      1,424 words
    • 34 17 The latest jobs, fresh out of the oven. If you’re thinking of making a career change, check out the latest job opportunities career insights in CATS Recruit. Now available on the CATS Classified App
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  • Page 18 Advertisements
    • 6912 18 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager, solicitor, accountant or
      6,912 words

  • Page 19 Advertisements
    • 1663 19 However, if at any time during the tenure of each of the Series 009 Notes, Series 010 Notes or Series 011 Notes (as the case may be), 50.0 per cent. or more of the Series 009 Notes, Series 010 Notes or Series 011 Notes (as the case may be) is
      1,663 words

  • Page 20 Advertisements
    • 267 20 >v</ <S“ .V tcf“ Key IT trends and industry insights, plus solutions that revolutionize your business! INGRAM Partner Smart fe m r’S NEWFRONTIER Ingram Micro Technology Day 12 November 2013 Next-Generation products and solutions that are integrated, work across platforms and answers your needs. See and experience how it works.
      267 words
    • 270 20 Civil Service College Presents CSC ECONOMIC REGULATION SYMPOSIUM Making Public-Private Partnerships Work: Regulating PPPs for the Common Good Jr Increasingly, we have seen greater partnership between the public and private sectors. We have heard success stories as well as seen the challenges these collaborations bring. With that in mind, CSC
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  • Page 21 Advertisements
    • 6506 21 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager, solicitor, accountant or
      6,506 words

  • CHILDREN FOR CHILDREN
    • 409 22  -  By KELLY TAY kellytay@sph.com.sg THEY zipped down roller-coasters, snapped pictures with their favourite movie icons, and learned how to be kind to the environment. That was how 1,216 pupils from 64 primary schools all under the Ministry of Education’s financial assistance scheme celebrated Children’s
      PHOTOS BY ARTHUR LEE AND THE OLD PARLIAMENT HOUSE  -  409 words

  • Page 23 Advertisements
    • 5344 23 tJMBI CCM GROUP LIMITED (Company registration no. *****6763W) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the "EGM") of CCM Group Limited (the "Company") will be held at Pan Pacific Singapore, Ocean 1, Level 2,7 Raffles Boulevard, Marina Sguare, Singapore *****5
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  • AVIATION/SHIPPING
    • 942 24 Most airlines now prefer twin-engine planes to larger four-engine jets AP [NEW YORK] For decades, the Boeing 747 was the Queen of the Skies. But the glamorous double-decker jumbo jet that revolutionised air travel and shrunk the globe could be nearing the end of
      AP; PHOTO: AP  -  942 words
    • 839 24 Without SQ21, flight to congested JFK takes 5 hours more WP [SINGAPORE] The end of the world’s longest nonstop commercial flight, a 19-hour slog between Singapore and an airport near New York, is bad news for Chia Teck Fatt. The 16,000 km journey from
      WP  -  839 words
    • 300 24 Reuters [NEW YORK] Royal Caribbean Cruises raised its full-year earnings forecast due to greater demand in Europe and said bookings for 2014 were trending higher, signalling a revival in an industry hit by negative publicity from a series of mishaps. Royal Caribbean, the second-largest cruise
      Reuters  -  300 words
    • 2420 29 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
    • 1374 24 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Admiralty in Personam No. 265 of 2013 Between OIG GIANT I PTE LTD (RC No. *****1134W) ...Plaintiff(s) And CEONA PTE LTD (FORMERLY KNOWN AS OFFSHORE INSTALLATION GROUP SINGAPORE PTE LTD) (RC No. *****8567D) and all other persons claiming or being entitled
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  • Page 24 Miscellaneous
    • 301 24 CRYPTIC CROSSWORD Across 7 Unfair arrangements made by inexperienced hands (3,5) 9 Blue celestial body close to Mercury (6) 10 Advantage gained by club once wicket’s taken (4) 11 Source of article dividing French region (10) 12 Chase funds university collected (6) 14 Fluency, blessing in disguise (8) 15 Unenthusiastic,
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  • DINING OUT
    • 963 25  -  Nestled in uptown Sentosa, the casual noodle bar proves quite a draw, writes JAIME EE actually jaime@sph.com.sg NEW RESTAURANT Blue Lotus 31 Ocean Way #01-03 Quayside Isle Tel: 6339 0880 Open for lunch Fri to Mon 11.30am to 3pm Open for dinner Wed to Mon 6pm to
      PHOTOS: YEN MENG JIIN  -  963 words
  • Page 25 Advertisements
    • 171 25 From now till end of January 2014 For reservations, please call +65 6431 6156 or email dining.singapore@fairmont.com. Level 1, 80 Bras Basah Road, Singapore *****0 Tel: +65 6339 7777 Fax: +65 6337 1554 singapore@fairmont.com fairmont.com/singapore BT Wine, Dine Hospitality Pages save more than w* S' 'O. \o^ < Co|ful\-C° X
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  • SINGAPORE STOCKS
    • 3424 26 Week ended: Oct 25 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 Vol Week Last Quote 11.5 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 156cd +6 3421 156 148.5 154 156
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    • 281 27 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 $mil Last 2.4 1.3 t Advanced System 1.3 -0.1 ***** 1.4 1.3 1.2 1.3 20.7 Week Last Quote Div Gr Yld Net M Cap High
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    • 117 27 Stock name Close Change CapMallsAsia 2.060 -0.010 CapitaLand 3.130 -0.030 CapitaMall 2.000 CityDev 10.450 -0.010 ComfortDelGro 1.915 +0.005 DBS Grp 16.600 -0.060 GLP 3.090 -0.040 Genting SP 1.495 -0.030 Golden Agri 0.555 +0.010 HK Land 6.150 -0.010 Stock name Close Change HPH Trust US$ 0.760 -0.005
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    • 1966 27 Transaction date: Oct 25 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.70 unch 216 Aeon Stores '000 Angang Steel 4.59 -0.08 ***** Anhui Conch unch Anhuiexpresswa 4.26 0.03 495 Asia Satellite 29.00 unch 2 Asm Pacific 0.04 Avic Ihl Angang Steel 4.59 Baiyunshan Ph ***** Bank Of China
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    • 264 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A59 +3 39 59 55 57 58.5 3.6 5.9 4.8 218.4 52 31 Genting HK US$ US47 +4 ***** 47.5 42 46.5 47 3094.7
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    • 186 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 5 0 0 0 8 2 5 Manufacturing 115 47 27 13 10 11 128 57 38 Commerce 44 18 15 13 2 1 57 20 16 Tpt/Stor/Comms 22 14 8
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    • 1022 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 114.5 unch 21 114.5 114.5 113 115.4 522.7 143 125 CIMB APAC Div 100S$D 130 -0.8 7 130 130 128.2
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    • 123 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 135,288 135,288 288,402 288,402 Manufacturing 2,025,487 585,239 2,610,726 763,882 31,976 795,858 Commerce 1,607,219 988,637 2,595,856 562,358 61,400 623,758 Tpt/Stor/Comms 963,370 95,064 1,058,434 751,491 42,449 793,940 Finance 1,343,503 8,614 1,352,117 714,507 3,301 717,808 Construction 444,046 661,873
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  • Page 27 Advertisements
    • 26 27 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
    • 609 28 Oct 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.14 *****.12 *****.19 Dec13 *****.00 *****.00 *****.00 *****.00 *****4 *****9 Mar14 *****.00 *****.00 *****.00 *****.00 5 325 MSCI TAIWAN INDEX FUTURES SPOT 297.44 297.44 293.46 Oct13 297.60 297.70 293.00 294.00 ***** *****1 Nov13 297.00
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    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Oct 25 Index Change Change Change Change Change Change World Preliminary 1135.2 -0.2 21.0 -0.2 21.4 -0.2 19.9 EAFE Preliminary 925.7 -0.5 19.5 -0.6 19.0 -0.5 17.6 Europe Preliminary 1333.2 -0.1 16.2
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    • 471 28 Oct 25 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 5.833 0.694 7.435 59.081 105.532 0.931 10.174 3.018 1.154 102.080 41.278 1.185 9.414 0.854 28.212 29.833 0.591 0.959 Canada 0.999 5.827
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    • 40 28 Oct 25 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • 86 28 Oct 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****N 21-Apr-14 0.28 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.91 5-Year N*****0T 0.5 01-Apr-18 99.18 99.30 99.09 10-Year NX*****H
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    • 141 28 Oct 25 GOLD(US$/oz) Oct 25 Oct 24 Hong Kong 1349.00 1343.00 Oct 24 Oct 25 London 1346.84 1346.27 1348.06 1347.10 Source: Thomson Reuters CAST BAR Oct 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120 53 5gm 342 267 10gm 611 535
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    • 57 28 Oct 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2460.0 2458.0 2465.0 2455.0 453 4545 Dec 13 2448.0 2445.0 2461.0 2443.0 3799 ***** Jan 14 2449.0 2444.0 2460.0 2441.0 ***** ***** Feb 14 2451.0 2446.0
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    • 155 28 Oct 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1848 1.1861 0.9587 0.9592 Canadian dollar 1.1835 1.1848 0.9582 0.9577 Euro 1.7075 1.7088 1.3817 1.3820 NZ dollar 1.0265 1.0275 0.8306 0.8310 Sterling pound 2.0038 2.0054 1.6215 1.6218
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    • 109 28 Oct 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1300.00 1309.75 1312.75 1299.25 Jan 14 1293.50 1303.75 1306.00 1292.50 Mar 14 1272.00 1282.00 1284.00 1269.00 May 14 1255.50 1264.50 1266.75 1253.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • 95 28 Oct 25 COCOA (£/tonne) Close Prev High Low Dec 13 1720 1706 1727 1697 Mar 14 1718 1702 1724 1695 May 14 1712 1698 1718 1688 Jul 14 1710 1696 1714 1688 COFFEE(US$/tonne) Close Prev High Low Nov 13 1559 1599 1600 1558 Jan 14 1538 1582 1590 1536
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    • 1327 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 19.6 0.1 159 0.0 5 -79 57 Asia-Pacific Strategic W*****6 0.3 1 123 414 80.00 7 Ratio Exer Allied Technologies W*****1 0.5 0.4 2537 1 4 1 Ascendas
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    • 70 28 CRUDE OIL PRODUCTS Oct 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.47 -1.07 WTI (Near Mth) 96.58 0.20 Dubai (1-Mth F) 105.07 -1.16 Tapis blend 114.20 -1.94 Minas 106.40 -1.94 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.81 -1.25 Jet Kerosene 122.10 -1.00 US$/barrel OpecOil Basket
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    • 22 28 Oct 25 S$ Bid Offer 1-month 1.2358 1.2365 2-months 1.2357 1.2364 3-months 1.2357 1.2364 6-months 1.2353 1.2361 Source: OCBC
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    • 66 28 Oct-25 Oct-25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1836.50 1815.00 3 months 1881.00 1861.00 Copper, Grade A(US$/tonne) Cash 7178.75 7160.25 3 months 7185.00 7175.00 Lead(US$/tonne) Cash 2186.00 2151.50 3 months 2205.00 2173.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 28 As at 9am Oct 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.215 1.158 Can dollar 1.209 1.163 Euro 1.748 1.665 Sterling pound 2.042 1.964 NZ dollar 1.053 1.013 US dollar 1.263 1.203 Local dollars to 100 units of foreign
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    • 154 28 Oct 25 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • Page 29 Advertisements
    • 43 29 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
      43 words
    • 17 29 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
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  • Page 30 Advertisements
    • 153 30 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE,
      153 words


  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 924 32  -  Data must be compatible with as many tech products as possible, says VICTORIA HO IN a world of vendor-driven product stacks, Nasdaqlisted technology firm Informatica Corporation is remaining firmly agnostic. Its CEO and chairman, Sohaib Abbasi, insists that this is the way forward for
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    • 631 32  -  By KEVIN KWANG ASUS Singapore is looking to branch out from its traditional strength in the consumer PC arena and build up a stronger enterprise presence, focusing primarily on key sectors such as education and small and medi-um-sizes businesses (SMBs). Alvin Huang, country
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    • 827 32  -  By ADELINE TAN DATA centre investment in Singapore reached US$1.93 billion this year, representing a rise of 5.3 per cent over 2012, according to the Asia Pacific Key Trends report by DCD Intelligence, part of DatacenterDynamics that provides research and
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    • 789 32  -  By KEVIN KWANG ADVANCED Persistent Threats (APTs) and other sophisticated malware have caught the attention of many, especially as online attacks using traditional methods continue to afflict businesses almost daily. For this reason, Joe Wang, CEO of WatchGuard Technologies, believes traditional security tools relying
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    • 816 31  -  Firm hopes to boost adoption of its cloud and database tools through this facility By KEVIN KWANG PIVOTAL last week officially opened its Innovation Centre in Singapore in partnership with the Infocomm Development Authority of Singapore (IDA) and aims to grow the base of data
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    • 703 31  -  By AMIT ROY CHOUDHURY By amit@sph.com.sg FNT Solutions, a unit of FNT GmbH, a large German independent software company, has opened a regional headquarters in Singapore with this serving as its springboard to the Asia Pacific. Nikolaus Albrecht, managing director of
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    • 1392 31  -  Tableau Software wants to be the data crunching tool for everyone <bizIT interview> By VICTORIA HO BACK in 2003, three Stanford engineers were huddled in Christian Chabot’s bedroom, working on a data research project funded by the US Department of Defence. Mr Chabot, Chris Stolte
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