The Business Times, 31 August 2013

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Microfilm: NL32679
Total Pages: 59
1 12 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg AUGUST 31-SEPTEMBER 1, 2013 S$1.00 MCI (P) 086/08/2013 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article
    Lock icon T5 capacity: 50m passengers
    28 1 changi’s plans CHANGI Airport’s Terminal 5 will be able to handle 50 million passengers per year when it opens in the mid 2020s. 2
    28 words
  • Article
    Lock icon July core CPI rises 0.7%
    28 1 JAPAN HUMMING A RAFT of data published yesterday were seen as suggesting that the Japanese economy is in for a sustainable recovery. 3
    28 words
  • Article
    Lock icon DC rate revision surprises some
    32 1 PROPERTY MATTERS THE government has raised development charge rates for industrial use by around 15 per cent, while leaving the rates for commercial use completely untouched. 4
    32 words
  • Article
    Lock icon Novena masterplan unveiled
    22 1 HEALTHCARE HUB THE Ministry of Health unveiled its masterplan for the largest single integrated healthcare complex in Novena.| 6
    22 words
  • Article
    Lock icon Liaoning looks to S’pore
    27 1 PM IN CHINA SINGAPORE is now being counted upon to export its expertise in services to the coke-and-steel province that is Liaoning. 18
    27 words
  • Article, Illustration
    Lock icon Bank lending breaches psychological barrier
    793 1  -  Loans-to-deposits ratio crosses 100% mark despite slower lending; analysts preach prudence as leverage concerns grow By Kelly Tay kellytay@sph.com.sg Singapore TH E b a n k i n g s e c t o r s loans-to-deposits ratio crossed 100 for the first time since
    Source: UOB Economic and Treasury Research  -  793 words
  • Article, Illustration
    Lock icon Emperor muscles in on crowded market
    738 1  -  Luxury watch retailer to flash jewellery along with its timepieces By Chuang Peck Ming peckming@sph.com.sg Singapore HONG KONG’s biggest retail chain for luxury timepieces, Emperor Watch Jewellery, has set up shop in Singapore. Its arrival is set to make the local market for high-end
    PHOTO: ARTHUR LEE  -  738 words
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      29 1 www.businesstimes.com.sg AUGUST THE RAFFLES CONVERSATION CARTIER’S NEW CEO, STANISLAS DE QUERCIZE 10-11 SHOW ME THE MONEY Teh Hooi Ling says goodbye 33 APEA 2013 Asia Pacific Entrepreneurship Awards S1-12
      29 words
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      15 1 8 8871 81 *****4 LIVING SHOP.SG Online fashion retailers make Singapore their global hub L2-5
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  • TOP STORIES
    • Article, Illustration
      Lock icon Changi T5 capacity: 50m passengers a year
      737 2  -  New mega terminal to swell airport’s capacity to 135m in 2020s; cost expected to run in the billions By Nisha Ramchandani nishar@sph.com.sg Singapore CHANGI Airport’s mega Terminal 5 will be able to handle a whopping 50 million passengers per year when it opens
      PHOTO: KEVIN LIM/ THE STRAITS TIMES  -  737 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,028.94 (-9.09) HSTI FUTURES 3,028.00 (-10.00) HSIMSCI 344.92 (-0.55) HSIMSCI FUTURES 344.10 (-0.30) Friday Change KL COMP 1,727.58 +23.80 NIKKEI 225 13,388.86 -70.85 HANG SENG 21,731.37 +26.59 SET 1,294.30 +1.77 JAKARTA 4,195.09 +91.50 MANILA 6,075.17 +130.96 KOSPI 1,926.36 +18.82 SHENZHEN B 816.95 +17.56 MUMBAI IND 18,619.72 +218.68 12noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.365 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.45 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 US$ S$ US$ (S$ per US$) 1.273 (US$/S$ per 1.552 1.976 EURO(US$/S$/€ 1.324 1.686 Foreign currency per US$ S$ YEN 98.10 77.00 RM 3.288 2.582 HK$ 7.755 6.092 BAHT 31.12 25.23 RUPIAH 10,920 8,578 RENMINBI 6.120 4.808 INDIAN RUPEE 66.62 52.33 A$ 1.119 0.879 NZ$ 1.286 1.010
        48 words
    • Article, Illustration
      Lock icon Japan deflation ending as July CPI rises 0.7%
      646 3  -  Industrial output and housing starts also point to economy on recovery mode By Anthony Rowley Tokyo A RAFT of positive economic statistics published yesterday including a strong indication that years of chronic deflation are at last coming to an end were seen
      PHOTO: BLOOMBERG  -  646 words
    • Article
      Lock icon DC rate revision leaves many a market player agog
      1102 4  -  Expected hike for commercial use falls flat while industrial use jumps a stunning 1 5.4% By Kalpana Rashiwala kalpana@sph.com.sg Singapore IN a move that surprised some market watchers, the government has raised development charge (DC) rates for industrial use by around
      1,102 words
    • Article, Illustration
      Lock icon Secret letter casts doubt on validity of $11m bond deal with Hanafi’s company
      1028 5  -  Issued by CHC to Hanafi, it says that in event bonds are converted to shares, CHC will sell them back at a nominal sum of $1 CITY HARVEST CHURCH CASE By Michelle Quah michquah@sph.com.sg Singapore A SECRET
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  1,028 words
    • Article, Illustration
      Lock icon Novena to house new healthcare hub
      485 6  -  To be ready by 2030, the 17 ha complex will be linked to Tan Tock Seng Hospital as well as house a medical school By Jasmine Ng jasng@sph.com.sg Singapore THE Ministry of Health yesterday unveiled its masterplan for the country’s largest single integrated healthcare
      485 words
    • Article, Illustration
      Lock icon Electric bicycles zig-zag their way around laws – at higher speeds
      1114 8  - Electric bicycles zig-zag their way around laws at higher speeds With the rising popularity of electric bikes, it may be time for a new set of rules and a licensing system By Kelly Tay kellytay@sph.com.sg Singapore THEY’RE handy, speedy, and non-polluting, and demand for them has been whizzing on up
      Source: LTA Illustr ation: Ludwig Ilio  -  1,114 words
    • Article
      Lock icon Correction
      35 8 In “F&N in ownership battle over Myanmar brewery”, we wrongly reported that Myanmar Brewery’s market share in Myanmar was 17 per cent. It should be 83 per cent. We are sorry for the error.
      35 words
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      78 2 CONTENTS LIVING Shopping L2-5 Dining L6-8 NEWS Top Stories 2-8 Week In Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 Real Estate 35 Destination Dining L9-11 Home Garden
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      69 3 Heartiest Congratulations from Chairman Marcus Ong, Management Staff, POWERPAC INTERNATIONAL PTE. LTD. POWERPAC is honoured privileged to be appointed as official supplier of a spread of 30 units comprising motor graders hydraulic breakers to Republican Road Funds. POWERPAC INTERNATIONAL congratulates President Islam Karimov, Prime Minister Mirziyoev Shavkat Miromonovich, Cabinet Ministers,
      69 words
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  • Page 5 Miscellaneous
    • Miscellaneous
      Lock icon Page 5 Miscellaneous Column 1
      64 5 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2 nd PRIZE $500,000 3» PRIZE $250,000 9 sets of 2D Delight prizes at $6 each Support Sln 00Doro an of supports'* Mnuapow SINGAPORE SWF.l-.P-Draw No, 09/2013 $3Sr 8 =0.3*., HI *****40 2013*98*0 DRAW ON WEDNESDAY, 4 SEP 2013 p A Always play with
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      71 7 Knowing your legal rights makes all the difference in your investment Buying property can be a stressful and complicated process. STProperty understands that and tries to keep it as simple straightforward as possible. For more information on legal matters, visit www.stproperty.sg/Legal STPropertySG A product of SPH, Singapore’s trusted media group
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Turning tradition into art
      1812 10 / 11  -  Cartier’s new president and CEO, Stanislas de Quercize, believes firmly in upholding the traditional values of the maison even as he’s writing a new chapter for it. By Dylan Tan By Dylan Tan dylantan@sph.com.sg YOU’D think things would be easier the second time round, but that’s
      PHOTO: CARTIER  -  1,812 words
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  • COMPANIES
    • Article
      Lock icon KrisEnergy’s Q2 losses widen
      352 12  -  Revenue falls 25% as total production slides 30% By Andrea Soh sandrea@sph.com.sg Singapore LOSSES at KrisEnergy widened in the second quarter, as its production declined. The newly-listed oil and gas exploration and production firm reported a loss of US$8.2 million, as compared with a loss of
      352 words
    • Article, Illustration
      Lock icon Viet budget carrier turns a profit earlier than expected; eyes IPO now
      811 12 Bloomberg Ho Chi Minh City VIETJET Aviation Joint Stock, Vietnam’s only privately owned carrier, said that it’s considering an initial public offering (IPO) to fund expansion after becoming profitable this year. The listing may be in Singapore or
      Bloomberg; ST FILE PHOTO  -  811 words
    • Article
      Lock icon S i2i shaves Q4 losses on smaller impairment charge
      353 12  -  By Vivien Shiao vshiao@sph.com.sg Singapore S i2i POSTED a net loss of US$11.4 million for the fourth quarter ended June 30, 2013, compared with a net loss of US$115.7 million a year ago. Revenue for the quarter declined by 30.4 per
      353 words
    • Article
      Lock icon Forterra restructures Qingdao mall deal
      371 13  -  Move follows Chinese govt decision to build a metro rail station and line that will intersect the mall By Jacquelyn Cheok jaccheok@sph.com.sg Singapore FORTERRA Trust yesterday announced the restructure of its joint-venture investment in the Central Park Mall project in Qingdao after the Chinese government
      371 words
    • Article, Illustration
      Lock icon S-E Asian corporates ready to resume dollar bond sales next month
      986 13 Bloomberg Singapore SOUTH-EAST Asian companies are preparing to resume dollar bond sales next month, after the slowest issuance in two years, betting the Federal Reserve will provide clarity on plans to taper stimulus. Bumi Armada Bhd, a Kuala Lumpur-based
      Bloomberg; PHOTO: BLOOMBERG  -  986 words
    • Article, Illustration
      Lock icon Syria, Fed tapering and capital flight make for a weak week
      557 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent POSSIBLE military action against the Syrian government, worries about US Federal Reserve tapering and a flight of capital out of emerging markets probably in favour of Western markets like Wall Street, in a
      557 words
    • Business briefing
      • Article
        Lock icon Change at the helm of China Hongxing Sports
        99 14 THE board of China Hongxing Sports said its chief executive Denis Wu will resign with effect from Sunday. He will not seek re-election to the board as executive director in the upcoming annual general meeting. He will also relinquish his position as
        99 words
      • Article
        Lock icon EMS Energy raises $3.36m through share placement
        76 14 EMS Energy, an SGX Catal-ist-listed provider of engineering and packaging solutions and contract manufacturing, said it has raised $3.36 million through a placement of 80 mil- lion new shares at 4.2 cents each. Proceeds will be used to fund working capital and build
        76 words
      • Article
        Lock icon China Paper preps financial statements for release
        104 14 CHINA Paper Holdings said it is focusing its resources on preparing outstanding financial statements for release by the extended dates granted by SGX-ST. As such, no further progress has been made in the accounts reconstruction for its wholly owned Chinese subsidiary Linyi Zhenyuan
        104 words
    • Article
      Lock icon TOP GAINERS
      62 14 BY CENTS CLOSE UP DBXT iBoxxSing 5SG$ ***** 470.0 3.9 DBXT Nifty 10US$ 8290 344.9 3.4 JMH 5312 75.1 1.1 DBXT MSTaiwan 10US$ 1854 31.8 1.4 DBXT MSAsExJp 10US$ 3101 29.3 0.7 CIMBASEAN40 100S$D 1263 26.0 2.1 IS LC BND 100US$ 948 24.2 2.0 SIA 200 973 21.0
      62 words
    • Article
      Lock icon TOP LOSERS
      62 14 BY CENTS CLOSEDOWN GLD 10US$ ***** -150.2 -0.9 Jardine C&C 3317 -107.0 -3.1 Lyxor China H 10US$ 1316 -52.2 -3.0 UOB 1989 -37.0 -1.8 DBXT FTVietnam 10US$ 2138 -35.6 -1.3 DBXT S&P Short 10US$ 2952 -29.3 -0.8 DBXT S&P500 10US$ 2700 -29.3 -0.8 OCBC Bk.ES.1308 993 -25.0 -2.5
      62 words
    • Article
      Lock icon Super Group in China JV to manufacture glucose syrup solids
      335 14  -  By Carine Lee carinel@sph.com.sg Singapore SUPER Group yesterday unveiled a joint venture agreement in China that will see the group manufacture glucose syrup solids a key ingredient in its non-dairy creamer. It said the joint venture will enhance the upstream
      335 words
    • Article
      Lock icon TOP 20 ACTIVES
      157 14 VOL CLOSE A l bedo 553,250 4 5 0.7 1 3.5 IPCO Intl 1 81,935 3 1 0.3 8.8 Tha i Beverage 1 19,982 47 5 4.5 8.7 Go l den Agr i 1 02,272 56 0.0 0.0 WE H l dgs W*****7 95,029 1 7 0.0
      157 words
    • Article
      Lock icon STI STOCKS
      114 14 Stock name Close Change CapMallsAsia 1.795 -0.030 CapitaLand 3.050 +0.040 CapitaMall 1.860 +0.005 CityDev 9.970 +0.140 ComfortDelGro 1.845 +0.065 DBS Grp 15.80 -0.170 GLP 2.700 +0.030 Genting SP 1.315 +0.005 Golden Agri 0.560 HK Land 6.460 +0.040 HPH Trust US$ 0.740 +0.010 JMH 53.12 +0.590 JSH 32.45 +0.050
      114 words
    • Article, Illustration
      Lock icon Oceanus asks for shares to resume trading
      498 15  -  Situation at its China abalone farms appears to be back to normal By Grace Leong gleong@sph.com.sg Singapore ABALONE producer Oceanus Group has requested the trading suspension on its shares to be lifted on Monday, on the back of operations on its China abalone
      FILE PHOTO  -  498 words
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      112 15 24:7 AND NUYOU TIME PRESENT A i mk ISSUE SIX 13/14 E-RSARIES BLUE CHARITABLE DECORATIVE EVOLVING FLAMBOYANT GMT HERITAGE APANESE KALEIDOSCOPIC LOUD MUSICAL NUANCED ORIGINAL PEDIGREED QUIET SPORTY TOUGH UNIQUE VINTAGE WHIMSICAL XENOMORPHIC YOUNG ZEN □LOGICAL TRENDS, BRANpjjfcFACES PLACES DEFINED nUYOLJ e rs > A TIME TO GIVE A DEBUT
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Head in the Cloud, feet on the ground
      672 16  -  As we move into an ever more exciting future, where we pile our pictures, videos, music, even work documents in cyberspace, the need to secure all that data is now of paramount importance FROM THE DESK OF Chung Hao Ning Country Leader,
      672 words
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  • SINGAPORE
    • Article
      Lock icon Retail, food services get their own productivity centre
      411 17  -  Their value-add per worker of $44,000 and $26,000 lag the sector average By Andrea Soh sandrea@sph.com.sg A SIMPLE move of cutting the number of food items for sale not only resulted in a more custo-mer-friendly menu, it also simplified the work process
      411 words
    • Article
      Lock icon Pre-school sector to get $30m manpower boost over 3 years
      386 17  -  By Kelly Tay kellytay@sph.com.sg IN its latest attempt to tackle the early childhood education sector’s labour crunch, the government yesterday announced that it would invest $30 million in manpower initiatives over the next three years. The changes are meant to
      386 words
    • Article, Illustration
      Lock icon Heng Chee to take helm at arts council
      293 17  -  By Helmi Yusof helmi@sph.com.sg VETERAN diplomat Chan Heng Chee has been named the new chairman of the National Arts Council’s 12th Board of Council. She replaces Edmund Cheng Wai Wing, who had served the council for 11 years three times as deputy
      FILE PHOTO  -  293 words
    • Article
      Lock icon Liaoning looks to S’pore for softer touch
      530 18  -  S’pore businesses to set up child-enrichment cluster in capital of industrial powerhouse By Joyce Hooi joyceh@sph.com.sg Liaoning, China SINGAPORE is now being counted upon to export its expertise in services to the coke-and-steel province that is Liaoning, China. The industrial powerhouse on the
      530 words
    • Article, Illustration
      Lock icon NTUC Income names new CEO
      378 18  -  By Felda Chay feldac@sph.com.sg INSURER NTUC Income has appointed Ken Ng, currently its senior vice-president and general manager of distribution, as its chief executive officer. Mr Ng will take over from outgoing NTUC Income CEO Tan Suee Chieh from Oct 1, 2013. It was previously
      378 words
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      107 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER. 50 BEE INTERACTIV PTE LTD (Co No: *****8986G) (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of BEE INTERACTIV PTE LTD held on Tuesday, 20 August 2013, the following Special Resolution was passed: WINDING-UP AND APPOINTMENT OF LIQUIDATOR That Bee Interactiv
      107 words
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      206 18 THE BUSINESS TIMES SATURDAY SPECIAL Every third guest dines on the house! Third guest dines free with every two paying adults Venue Parsley and Thyme Restaurant, 61 Kampong Bahru Road, Singapore *****8, Tel: 6226 2801 Website: www.parsleythyme.com Terms Conditions This promotion is valid from 31 st August to 14th September
      206 words
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  • WORLD
    • Article
      Lock icon July consumer spending disappoints
      386 19 Low inflation and less than expected consumer spending cast doubts on Fed’s tapering programme LATEST US DATA Reuters Washington US CONSUMER spending barely rose and inflation was tame in July, offering a cautionary note on the economy as the Federal Reserve weighs cutting back its massive
      Reuters  -  386 words
    • Article, Illustration
      Lock icon US$85m fine for Everbright, lifetime industry ban for ex CEO
      438 19 AP Beijing ONE of China’s biggest securities firms was fined a record US$85 million yesterday and its former CEO banned from the industry after computerized trading mistakes caused wild swings in Chinese stock prices two weeks ago. A multibillion-dollar avalanche
      AP; PHOTO: REUTERS  -  438 words
    • Briefing
      • Article
        Lock icon Thai group bidding for HK supermarket chain
        100 19 Bloomberg Hong KongTHAI billionaire Dhanin Chearavanont’s Charoen Pokphand Group is bidding for Hutchison Whampoa’s Hong Kong supermarket chain, said three people. Hutchison, the Hong Kong conglomerate controlled by billionaire Li Ka-shing, is in talks with about five potential buyers after reviewing first-round bids
        Bloomberg  -  100 words
      • Article
        Lock icon Sime Darby posts 19% rise in Q4 earnings
        88 19 AFP Kuala Lumpur MALAYSIAN plantation conglomerate Sime Darby yesterday said its net profit rose 19 per cent in the fourth quarter from a year earlier after nearly doubling income from its property unit. The firm, the world’s largest listed palm oil producer
        AFP  -  88 words
      • Article
        Lock icon Japan defence dept seeks 3% jump in budget
        108 19 Reuters Tokyo JAPAN’S Defence Ministry yesterday said it was seeking a 3 per cent increase in next year’s budget allocation, the biggest rise in 22 years, with most of the growth linked to revised personnel costs and equipment imports made more expensive
        Reuters  -  108 words
      • Article
        Lock icon Computer glitches led to trading halt, says Nasdaq
        149 19 Bloomberg New York A CONFLUENCE of computer mishaps culminating in the failure of Nasdaq OMX Group backup systems led to last week’s three-hour stock halt, the US exchange operator said. Exchange computers were flooded on Aug 22 with inaccurate data before flawed
        Bloomberg  -  149 words
    • Article
      Lock icon Sinopec seals US$3.1b deal in Egypt
      522 20 It’s taking a one-third share of US firm Apache’s oil and natural gas business there despite the country’s political turmoil AFP Shanghai CHINESE oil giant Sinopec is entering Egypt despite the country’s political strife, announcing yesterday that it is buying a US$3.1 billion stake
      AFP  -  522 words
    • Article, Illustration
      Lock icon UK consumer confidence at a high
      440 20 GDP forecast raised to 1.3% from 0.9% but recovery ‘not secure’ Bloomberg London UK consumer confidence rose to the highest in almost four years this month as the strengthening economy made Britons more inclined to spend than at any time since 2010. A consumer
      Bloomberg; PHOTO: REUTERS  -  440 words
    • Article
      Lock icon New India land reform law worries business groups
      592 21 Contentious bill could jeopardise investment that is desperately needed, they warn AFP New Delhi INDIAN business groups warned yesterday that a land reform bill passed by the lower house of parliament could jeopardise investment that is desperately needed to kick-start the stuttering
      AFP  -  592 words
    • Article, Illustration
      Lock icon Fast-food workers across the US strike to upsize wages
      514 21 AFP New York THOUSANDS of workers at McDonald’s and other fast-food outlets across the United States halted work Thursday in what organizers called the “largest-ever strike” to hit the US$200 billion industry. Workers in 60 cities put down burgers and fries
      AFP; PHOTO: AP  -  514 words
    • Article
      Lock icon No capital controls to bolster rupee: India
      291 21 AP New Delhi INDIA yesterday assured foreign investors it is not contemplating capital controls as a step to stabilise the falling rupee. The government also released new growth figures that showed economic slowdown had deepened. Prime Minister Manmohan Singh told Parliament that the
      AP  -  291 words
    • Article, Illustration
      Lock icon Business sentiment up across eurozone
      462 22 But region’s unemployment stays at record high of 12.1% in July Reuters Brussels OPTIMISM in the eurozone’s economy improved sharply in August but stubbornly high unemployment, in particular in the bloc’s weaker countries, highlighted the fissure separating the recovering north from the struggling south. The
      Reuters; PHOTO: BLOOMBERG  -  462 words
    • Article
      Lock icon 2015 deadline for shadow banking rules
      652 22 Reuters London THE US$60 trillion “shadow banking” sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without strangling economic recovery. Leaders of the group of 20
      Reuters  -  652 words
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      269 20 Trailing 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. No
      269 words
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      73 22 ggggjjjg WWHY PG 26 roKHO WE fiasco PORTS HU 0 motors changi ill TV**!* V hot £8 fOCVJS F0«Tt*3 ND pfilX R» f1 o»1he« eT0C0 WHA C2?s? <e>sSgSS&' 9 toa 5PO aw va r v>. ast tovtyue SEPTEMBER 14, 2013 SATURDAY Brought to you by Duo Rewards and organised by
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8129 23 Transaction date: Aug 30 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.9 8Telecom 12.9 12 13.7 10.6 0.9 10.7 61.8 8.8 3.1 A-Sonic 5.8xd 5.1 5.8 2.2 41.5 AAT 2 halt
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    • Article
      Lock icon SGX CATALIST
      1825 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 27.5 17.1 t 800 Super 24.5 unch 71 24.5 24 24 24.5 3.2 4.1 7.6 43.8 6.2 2.8 t AA Grp 4.5 3.3 225 4.3
      1,825 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 6 0 0 0 3 6 6 Manufacturing 26 60 45 4 10 6 30 70 51 Commerce 17 19 19 4 5 4 21 24 23 Tpt/Stor/Comms 17 14 10
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      788 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 26 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp 29-Aug-13 Koh Wee Meng Buy 400 0.23 *****00 73.57 *****00 73.57 Fragrance Grp 29-Aug-13 Lim
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 40,174 40,174 137,981 137,981 Manufacturing 366,784 44,307 411,091 235,787 2,052 237,839 Commerce 175,007 651,797 826,804 130,705 32,000 162,705 Tpt/Stor/Comms 121,342 19,858 141,200 217,822 7,896 225,718 Finance 113,377 915 114,292 341,033 359 341,392 Construction 218,064 53,685
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 27 Aug 29 COCOA (£/tonne) Close Prev High Low Sep 13 1648 1654 1661 1634 Dec 13 1647 1655 1659 1632 Mar 14 1632 1637 1641 1617 May 14 1635 1639 1644 1623 COFFEE(US$/tonne) Close Prev High Low Sep 13 1730 1734 1735 1717 Nov 13 1764 1765 1768 1752
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    • Article
      Lock icon METALS
      65 27 Aug 30 GOLD(US$/oz) Aug 29 Aug 30 Hong Kong 1414.00 1397.00 Aug 28 Aug 29 London 1417.15 1406.70 1417.94 1407.58 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 30.99 30.20 Source: UOB PLATINUM Lon (US$/oz) Aug 29 Close Previous PM Fix 1527.00 1528.00 AM Fix 1522.00 1533.00 Source:
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    • Article
      Lock icon PALM OIL
      57 27 Aug 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2441.0 2407.0 2445.0 2400.0 178 1890 Oct 13 2420.0 2404.0 2432.0 2398.0 3705 ***** Nov 13 2414.0 2404.0 2433.0 2396.0 ***** ***** Dec 13 2415.0 2404.0
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      Lock icon GOVERNMENT SECURITIES
      88 27 Aug 30 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*****A 21-Feb-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-15 100 5-Year N*****0T 0.5 01-Apr-18 97.43
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      155 27 Aug 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1374 1.1384 0.8936 0.8941 Canadian dollar 1.2094 1.2104 0.9507 0.9502 Euro 1.6854 1.6864 1.3242 1.3245 NZ dollar 0.9897 0.9904 0.7776 0.7779 Sterling pound 1.9750 1.9760 1.5517 1.5520
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      118 27 Aug 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.232 1.185 Euro 1.726 1.644 Sterling pound 2.013 1.936 NZ dollar 1.012 0.974 US dollar 1.300 1.239 Local dollars to 100 units of foreign currency: Currencies Sell
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      104 27 Aug 29 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 13 1430.00 1433.00 1453.75 1421.25 Nov 13 1368.50 1372.75 1382.75 1360.50 Jan 14 1364.75 1368.50 1378.75 1357.00 Mar 14 1338.75 1346.00 1353.50 1334.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 13 43.78 44.31 44.40 43.38
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        21 27 YTD change: -4.36% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,931.60 on Nov 16, 2012 Source: Bloomberg
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        20 27 YTD change: -4.09% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 19,076.79 on Sept 6,2012 Source: Bloomberg
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        21 27 YTD change: -7.52% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
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        19 27 YTD change: +28.80% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,488.14 on Oct 15,2012 Source: Bloomberg
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        25 27 YTD change:+13.25% 52-week high: 15,658.43 on Aug 2,2013 52-week low: 12,471.49 on Nov 16,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
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      68 27 Aug 29 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 116.07 0.64 WTI (Near Mth) 108.21 -1.52 Dubai (1-Mth F) 110.70 0.14 Tapis blend 123.41 0.18 Minas 115.01 0.18 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.75 0.36 Jet Kerosene 128.43 -0.30 US$/barrel OpecOil Basket Price 112.80
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      72 27 Aug 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1787.25 1815.25 3 months 1835.00 1864.50 Copper, Grade A (US$/tonne) Cash 7129.75 7264.50 3 months 7153.00 7290.00 Lead (US$/tonne) Cash 2186.75 2208.50 3 months 2194.50 2212.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 29 Index Change Change Change Change Change Change World Preliminary 1066.8 0.6 13.7 0.1 15.8 0.3 10.9 EAFE Preliminary 871.2 0.5 12.5 -0.4 11.4 -0.2 6.7 Europe Preliminary 1251.2 0.6 9.1
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      Lock icon The time to dream is over
      1027 28 / 29  -  The challenges facing African-Americans today have less to do with racial discrimination per se, and reflect structural economic and social problems Leon Hadar Washington correspondent American newspaper editors operate in the same cultural Zeitgeist and tend to follow similar rules of thumb. So no
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      900 28 / 29  -  By Paul Krugman ~The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008. WHY don’t we learn from financial crises? As Asian currencies fall and crisis strikes, we seem
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        1555 30 / 31  -  It’s a universe that ranges from hedge funds and private equity to more esoteric choices such as traded insurance and weather bonds. By Genevieve Cua WEALTH MATTERS By Genevieve Cua gen@sph.com.sg IN a volatile environment rife with uncertainty, you may be asked to consider alternative
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        582 30 / 31  -  By Genevieve Cua THE private equity (PE) asset class, in which capital is injected into unlisted companies, may in some sense be easier for private clients to understand, given its entrepreneurial flavour. The most frequently cited reason to invest in private equity is the
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        Lock icon Going for high yields, high dividends
        1099 32  -  Historical data shows high-dividend stocks are unfazed by rising rates WEALTH INSIGHTS Grace Tam ~The writer is Vice-President, Global Market Strategist, JPMorgan Funds THE search for income from highyielding fixed income products and high-dividend stocks has been a very popular investment theme over the
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        1402 33  -  A window of opportunity has opened, and I will be taking that leap after a 22-year journey at The Business Times SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder THIS
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        Lock icon US$500,000 for Liberace’s former mansion
        509 34 British businessman buys late entertainer’s 1 5,000 sq ft Las Vegas mansion for US$3m less than its previous sale price AP Las Vegas A 15,000 square foot Las Vegas mansion once owned by Liberace was sold for US$500,000 in cash to a British businessman who
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        449 34 PROPERTY TRANSACTIONS BETWEEN JULY 31 AND AUGUST 6, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 NON-LANDED Skyline Residences Apt 02/08/2013 FH 1346 2715 2018 District 5 LANDED Faber Park 4-Det 01/08/2013 FH 9013 ***** 1387 District
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        352 35 It plans to use Multi to buy up retail assets across Europe Bloomberg New York BLACKSTONE Group LP’s real estate unit is close to completing a restructuring of Multi Corp that would give it full ownership of the debt-laden European mall developer,
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        325 35 MAR 1 ’13 DC RATES SEPT 1 ’13 DC RATES PER SQ M GROSS FLOOR AREA) CHANGE PER SQ M GROSS FLOOR AREA) GEOGRAPHICAL SECTORS Use Group B1 (Landed Residential) 103 Braddell/Potong Pasir/Bartley/Upp Aljunied/Woodleigh $4,760 $5,390 13 104 Bishan/Ang Mo Kio $4,760
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        Lock icon Surprise, surprise
        121 35 Development charge rates 2010 2011 2012 2013 MAR SEPT SEPT USE GROUPS MAR SEPT average DC rates per sq metre of gross floor area Commercial Residential Landed Non-landed Industrial Hotel MAR SEPT 3,189 3,606 4,380 4,570 4,955 6,086 6,086 3,225 3,823 4,402 4,402 4,402 4,560 4,880 5,036 5,563
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      100 30 / 31 Global recognition for a dedicated private bank headquartered in Singapore. With offices in Singapore Hong Kong Philippines Dubai A r OBANKOFSINGAPORE International Private Banking I Private Banker We treat your wealth as we would our own and work hard to protect it; focusing on long term growth and not short
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      139 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OFTHE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND UNDERSTATED
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      62 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 31 SEPTEMBER 1 2013 SHOP.SG Online fashion retailers make Singapore their global hub L2-5 PHOTO: HELEN LEE HOME GARDEN Sunny side up L12-13 GOLF BT Golf League razes the greens L17 DESTINATION DINING Taste of Guangzhou L6-8 MOTORING Burn rubber in style L18-20 DINING Slew
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        3572 2 / 3  -  The geeks of chic have descended upon Singapore, as a slew of online fashion retailers have decided to make the Little Red Dot a hub for their global businesses. By May Yip talks to three women at the cutting edge of the online fashion retailing blitz By May Yip
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        1667 6 / 7  -  Shunde is a place that reminds us of one of the most special and remembered subcultures of Singapore, the amahs, as David Yip finds out David Yip btnews@sph.com.sg Singaporeans of a certain vintage would remember that before domestic helpers became a near-given, some had the luxury of hiring
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        Lock icon Twist on tradition
        2330 9  -  Is there room for yet another Italian eatery in Singapore? BT Weekend sniffs out four new Italian eateries that up the game by offering more than meets the eye By Debbie Yong debyong@sph.com.sg By Rachel Loi rachloi@sph.com.sg Sopra Cucina and Bar #01-02 Pan Pacific Orchard, 10 Claymore
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        Lock icon Italian food and wine debuts to rousing start
        333 10 / 11 Gusto Italiano AN inaugural celebration of Italian food and wine in Singapore, the month-long Gusto Italiano festival in September will see leading Italian restaurants here team up with prized winemakers in Italy in a series of exclusive wine dinners and culinary workshops.
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        1022 12 / 13  -  A long, unwieldy tract of land is turned into a sunbathed sanctuary. personal space By Tay Suan Chiang taysc@sph.com.sg THEY say one man’s meat is another man’s poison, and this applies even to buying property. Located off Upper Serangoon Road is a plot of land that is
        PHOTOS: YEN MENG JIIN, WALLFLOWER ARCHITECTURE + DESIGN  -  1,022 words
    • BT WINE CHALLENGE 2013
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        2278 14 / 15  - Wein dine German wines prove their worth i the fourth write-up of this series presented in partnership with UBS. By June Lee By June Lee WHEN you think of pairing alcohol with Asian food specifically, Chinese, Indian, Japanese and hawker favourites which wine comes to mind? Our intrepid sommelier friends
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        Lock icon EPL calls for a Carlsberg
        958 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent HE won’t go as far as to say it out loud, but Chelsea fan John Botia is quietly confident that the club he has supported all his life with new boss Jose Mourinho in charge can do enough
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        963 17  -  Many consider BT Corporate Golf League a good return on investment.By investment.By Justine Moss THIS year’s The Business Times Corporate Golf League has seen a large number of returning sponsors such as presenting sponsor Audi Singapore, main sponsor Park Hotel Group, Centurion, Cerebos, FootJoy, SunMoon
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        587 18  -  Diesel-powered cars can be sporty, economical or practical, or all of the above. Samuel Ee drives three diesel models Samuel Ee samuelee@sph.com.sg THE two main benefits of a car with a modern diesel engine are well-known the excellent low-end torque and fuel economy. Its carbon dioxide emissions are
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        Lock icon The best of all worlds?
        568 19  -  The BMW X3 xDrive20d’s small but efficient turbodiesel engine makes it the cost-effective alternative. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FEW cars are all-rounders that score well in terms of price, performance and packaging, but the BMW X3 xDrive20d comes close. The X3 is
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        Lock icon Sensible efficiency
        562 20  -  The Volkswagen Sharan 2.0 TDI BlueMotion is a big and economical MPV. By Samuel Ee samuelee@sph.com.sg VOLKSWAGEN makes mostly practical cars and none is more practical than the Sharan 2.0 TDI BlueMotion. This is a mid-sized mul-ti-purpose vehicle (MPV), introduced here nearly two years ago with the previous
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      1002 8 wine&dine with BTWeekend Peach Blossoms Marina Mandarin, Singapore Level 5 6 Raffles BoulevardZ6845 1118 Traditional Mooncakes Aug 12 to Sept 19 Indulge in the Singapore-style 3 tier High Tea, featuring local snacks like Singapore Style Chilli Crab Salad in Crispy Shell, Coconut Scones with Kaya and Butter and Apong Balik
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      216 17 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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      76 1 APEA 2013THE BUSINESS TIMES WEEKEND AUGUST 31 SEPTEMBER 1 2013 SI P CIFICENTRE R N URSHIPAWARDS AIMING FOR THE SUMMIT Successful entrepreneurs possess 3 basic qualities clear vision, persistence and hard work. Grit and determination help too. Spurring entrepreneurship S 3 Taking the road less travelled S 4-5 Different paths
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  • APEA 2013 ASIA PACIFIC ENTREPRENEURSHIP AWARDS
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      Lock icon Cutting through the uncertainty
      454 2 Well thought-out steps and careful risk-taking spell success for entrepreneurs With global uncertainty running even the most promising of economies through the proverbial wringer in recent years, the successful businessperson becomes a figure who is larger-than-life. These business-starters are increasingly important to an economy for the
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      638 3  -  LYNN KAN speaks to the chairman of the Asia Pacific Entrepreneurship Awards LYNN KAN ENTERPRISE Asia organises the Asia Pacific Entrepreneurship Awards (APEA) every year as part of the non-governmental organisation’s objectives to spur the ethos of entrepreneurship. Lynn Kan speaks to its chairman, Fong Chan Onn. Dr
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      Lock icon Taking the road less travelled
      917 4 Mentors are a plus, but not a must for these entrepreneurs who dare to act It was the depths of the Lehman crisis in 2008 and the buyers were not biting. The day real estate developer EL Development launched the 51-unit Parc Centennial, only five
      917 words
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      Lock icon Different paths to the apex
      877 6 Potent forces lie in merger, innovation and workers’ competence Sreenivas Kurup’s SAP consulting company, Astrums Consulting, has found success in its niche offering. It was a specialist in technical migration of data and software when companies in the oil and gas, healthcare, telecommunications sectors merged
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      Lock icon The unstoppable budget hotelier
      694 8 APEA Entrepreneur of the Year, Hotel 81’s Choo Chong Ngen, is looking beyond the horizon Which hotel is a tourist likely to see if he walks five minutes from the Geylang food belt or MRT stations in the tourist district? The Hotel 81 Group hopes it
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      Lock icon No room for short cuts
      682 9 For start-ups, perseverance and hard work are vital for survival Advanced Holdings’ Kar Wong may have an award (Outstanding Entrepreneurship) in hand today but he recalls the humble beginnings of the business. The oil and gas equipment design firm was a one-man outfit operating out
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      811 11 Paper qualifications are not everything, Amtek’s executive chairman shows It may not seem like it but Daniel Yeong, executive chairman of Amtek Engineering, has felt the disadvantage of not being a university graduate keenly. “Quite early on in my first job, I believed that
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      Lock icon The winning lineup
      151 12 From left: Jackie Lee, chairman and CEO of ClickTRUE; Goh Keng Wai, director of Mega Packers Associate; Mathilda Koh, CEO of Bioskin Holdings; Vignish Vijelal, managing director of Lal Offshore Marine; Sreenivas Kurup, managing director of Astrums Consulting; Angelia Yang, director of J-EMS Enterprise; Sudhir Sharma, member
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      239 2 ri APEA p X 'A Asia Pacific Entrepreneurs™ Awards 2013 A advanced Holdings CHAMPIONING A FREE, FAIR ENTERPRISING ASIA Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award™. Each of these entrepreneurs undergo a
      239 words
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      243 3 APEA Asia Pacific Entrepreneurship Awards 2013 Re-engineering Success CHAMPIONING A FREE. FAIR ENTERPRISING ASIA Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award™. Each of these entrepreneurs undergo a stringent selection process which is
      243 words
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      236 4 V APEAS 2013 Asia Pacific: RENFURSHIP Awards Him® Aslrums Consulting is a leading Global IT Consulting organization with over 400 employees spread across 3 regions involved in numerous consulting and business activities. Astrums attracts specialist talent and domain expertise across industry verticals like Telecom, Oil Gas, Manufacturing, Trading Services, Chemical,
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      125 5 Thank you, J-EMS to everyone whose blessings, encouragements and support had made this award possible. APEA 2013 w HaFE® ST. R zs<-9oa;ioo> External ladder Man Mole Panel Internal Ladder Mr Vent,---- Asia Pacific Entrepreneurship Awards Angelia Yang (Mrs), Executive Director rx X r art uSlays Roo' Panel PVC Pole Roof
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      108 6 f The Solution To Troubled Skin Biosm Due to your continuous support, Bioskin is awarded r AREA 2013 Asia Pacific Entrepreneurship Awards Cell Renewal Cream Permanent Eyebrow Hair Removal Clinical Hair Growth Scalp Peeling Treatment il«y 12 Sessions Underarm IPL Hair Removal BEST SELLER Binoltari @$228! A patented nutritional fermented
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      188 6 CHAMPIONING A FREE, FAIR ENTERPRISING ASIA APEA 2013 I Asia t Each year. Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award™. Each of these entrepreneurs undergo a stringent selection process which is one of the
      188 words
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      308 7 CONGRATULATIONS TONINA ALAG SURI FOR WINNING THE MOST PROMISING ENTREPRENEURSHIP AWARD V A P) p 'A Asia Pacific A r r f-X EKIHfPRtNEUBSHlP 1 VI Li V Awards 2013" Asia Pacific’s most prestigious AWARDS FOR ENTREPRENEURS Each year, Enterprise Asia Asia's foremost NGO for entrepreneurship, honours a select number of
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      240 8 e CHAMPIONING A FREE, FAIR& ENTERPRISING ASIA APF'A -™-w j VI Li V Awards 2013‘” k .*4 Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award™ Each of these entrepreneurs undergo a stringent selection
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      381 8 CHAMPIONING A FREE. EA1R& t APEA 2013 ENTERPRISING ASIA 1 sia Asi t Each year. Enterprise Asia Asia’s foremost NCO for entrepreneurship honors a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a I stringent selection process which is
      381 words
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      451 9 Enterprise Asia congratulates the CEO FOUNDER of GATES PCM CONSTRUCTION LTD, Mr KITNASAMY (KRISHNA) on being awarded APEA 2013 Outstanding Entrepreneurship Awards APEA 2013 Bagging its first regional award has been a true milestone achievement for GATES PCM CONSTRUCTION LTD, whose CEO and Founder was awarded the Asia Pacific Entrepreneurship
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      362 10 CHAMPIONING A FREE. FA1R& ENTERPRISING ASIA A F 'A Asia Pacific U l-S h L\ ENimi’RtNtuHSHIP /VI LjTV Awards r 1 2013" Prime Travel Tour celebrates the achievement of our Chairman, Mr Ven K. Nishimura, for being awarded the coveted AREA'S "Outstanding Entrepreneurship Award 2013" an award honouring the few
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      254 11 APE A 2013 fl Asia Pacific Entrepreneurs! up Awards HOTCL 81 VALUE VHNUH CHAMPIONING A FREE, FAIR ENTERPRISING ASIA v” 7, 4 Each year. Enterprise Asia Asia’s toremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award™. Each of these
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      412 12 A True Entrepreneur Holds the Key to Success Congratulations to Mr Lim Yew Soon, the Managing Director of EL Development Pte Ltd for being awarded Outstanding Entrepreneur Award in the prestigious Asia Pacific Entrepreneur Awards 2013. EL Development Pte Ltd first started as a small business unit within one of
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