The Business Times, 6 September 2013

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Microfilm: NL32825
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, eptember 6, 2013
    25 words
  • Article, Illustration
    Lock icon Developers trim prices as new reality bites
    933 1  -  New launches priced below expectations as buyers struggle to secure loans By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] The impact is now there for all to see. Developers have been trimming launch prices for new private residential projects to adjust to the new market reality
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,039.45 (+24.03) GST INDEX FUTURES 3,038.00 (+24.00) GSIMSCI 345.82 (+2.86) GSIMSCI FUTURES 345.50 (+3.30) US$ S$ US$ (S$ per US$) 1.277 (US$/S$ per 1.560 1.993 EURO (US$/S$/€ 1.318 1.683 Foreign currency per US$ S$ YEN 100.10 78.30 RM 3.299 2.583 HK$ 7.756 6.073 BAHT 32.28 25.27 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 MARKETS Thursday Change KL COMP 1,720.97 +4.21 NIKKEI 225 14,064.82 +10.95 HANG SENG 22,597.97 +271.75 SET INDEX 1,313.49 +10.28 JAKARTA COMP 4,050.86 -22.59 MANILA COMP 5,959.22 -9.11 SEOUL COMP 1,951.65 +18.62 SHENZHEN B 816.64 +2.34 MUMBAI IND 18,979.76 +412.21 12noon EDT Change DOW 14,950.33 +19.46 NASDAQ 3,660.55 +11.51
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.209 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Rockstar central banker bangs drum in India
    834 1  -  By NEETA LAL By in New Delhi THE Reserve Bank of India’s (RBI) 23rd governor Raghuram Rajan, 50, got off to a flying start yesterday by announcing, within minutes of assuming office, a raft of bold reforms aimed at resuscitating growth and stabilising
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      45 1 HAN CHENG FONG Wrongful dismissal ruling overturned PAGE 13 PROPERTY FCL units bid stunning $1.4b for Yishun plot PAGE 4 EXEC LIFESTYLE Literature’s place in a digital world PAGE 30 WINE Five reds from five countries PAGE 35 **********04 P-ftPmtm, 5f NATIONAL CHAMPIONSHIP AIR PACES
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      23 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 20-23
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      488 2 Developers trim prices as new reality bites DEVELOPERS have been trimming launch prices for new private residential projects to adjust to the new market reality in the aftermath of the Total Debt Servicing Ratio framework’s rollout in late June. FRONT PAGE Rockstar central banker bangs drum in India
      488 words
    • Article
      Lock icon S’pore Asia’s largest forex centre; 3rd largest globally
      1029 2  -  It leapfrogs Japan to come in behind London and New York in BIS survey By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] The Republic is now the third largest foreign exchange centre in the world, and the largest in Asia, as global banks and
      1,029 words
    • Article
      Lock icon FCL units’ stunning bid for Yishun plot
      783 4  -  Their $1.4b offer for mixed-use plot is 47% higher than next bid By FELDA CHAY By feldac@sph.com.sg [SINGAPORE] A mixed-use commercial and residential plot at Yishun Central 1 drew a top bid from units linked to Frasers Centrepoint Ltd (FCL) that far surpassed
      783 words
    • Article
      Lock icon Improve global tax rules: PM
      620 4  -  S’pore backs OECD’s plan to crack down on evasion by MNCs By LEE U-WEN in St Petersburg, Russia leeuwen@sph.com.sg PROFITS made by companies should be rightfully taxed in jurisdictions where there are substantive economic activities, said Prime Minister Lee Hsien Loong yesterday. Calling on all
      620 words
    • Article
      Lock icon Legoland owner to develop KidZania Singapore
      499 4  -  BY JASMINE NG jasng@sph.com.sg [SINGAPORE] Malaysia’s Themed Attractions and Resorts owner of Legoland and Sanrio Hello Kitty Town in the country is launching its first overseas theme park, KidZania Singapore, to tap rising travel demand in the region. It has partnered Maybank, Discovery Networks
      499 words
    • Article, Illustration
      Lock icon CHC received anonymous threat of exposure
      830 4  -  CITY HARVEST CHURCH CASE By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] City Harvest Church (CHC) was desperate to unravel an $11.5 million bond issue from The First National Glassware (Firna) to Xtron Productions because of a threat from an anonymous person to reveal the various transactions
      Source: Prosecution’s opening statement  -  830 words
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      137 3 V A 775 •l k EE Ji, P VH9 r Ml 3 A I N V IL m w K S. > Ji ■V F •0 m m jit cT >a& W/i M M m m m UMi$ V\. Ml *e Breguet, the i Invention of the Tourbillon, 1801 With
      137 words
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      195 5 OTTO MARINE LIMITED fk GO MARINE GROUP icbc x&mm Congratulations on the safe delivery of the latest new building from PT Batamec Shipyard to Otto Marine Limited and GO Marine Group. Wishing the GO PMOlNIX every success on her Naming Ceremony and many safe voyages. 0 If r J K
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Mall coming up at Hotel Windsor
      544 6  -  Owners converting hotel’s office-retail podium into strata retail units for sale By KALPANA RASHIWALA kalpana@sph.com.sg THE consortium comprising Nobel Design, Lian Huat Group and 2E Capital, which bought the freehold Hotel Windsor in the MacPherson area last year, is converting the hotel’s office-retail podium
      544 words
    • Article, Illustration
      Lock icon Local banks’ sub-debt rating down a notch
      508 6  -  Moody’s cut follows global trend of lenders’ bail-in risks By SIOW LI SEN lisen@sph.com.sg MOODY’S Investors Service has downgraded the subordinated debt (sub-debt) ratings of the three Singapore banks in a regionwide exercise to reflect the increasing global trend of bail-in risks that
      508 words
    • Article
      Lock icon SingTel’s mobile ad unit makes US$15m acquisition
      282 6  -  By JOYCE HOOI joyceh@sph.com.sg SINGTEL’S wholly owned unit, Amobee, has conditionally agreed to pay US$15 million for Gradient X, a firm with net tangible liabilities of about US$1.1 million as at end-May. Gradient X is a real-time bidding platform company, geared towards mobile
      282 words
    • Article
      Lock icon Listed companies must have internal auditors: SIAS
      535 6  -  By KENNETH LIM kenlim@sph.com.sg DIRECTORS should not be on the boards of listed companies that lack strong internal audit functions, retail investor advocate David Gerald said yesterday at the Institute of Internal Auditors Singapore annual conference. Mr Gerald said the Securities Investors Association
      535 words
    • Article
      Lock icon Funeral services provider moves from burying to digging
      544 8  -  APS in deal to buy company which has mining rights in Armenia By ONG CHOR HAO ongch@sph.com.sg LOSS-MAKING bereavement care services provider Asia-Pacific Strategic Investments (APS) is trying again to turn its business around, after announcing plans for a reverse takeover (RTO)
      544 words
    • Article, Illustration
      Lock icon AA Reit starts Gul Way expansion; new CEO named
      501 8  -  By JACQUELYN CHEOK jaccheok@sph.com.sg AIMS AMP Capital Industrial Reit (AA Reit) yesterday announced the start of Phase 2 Extension (Phase 2E) and Phase Three development of its largest asset by value at 20 Gul Way. The trust’s manager, AA Reit Management,
      501 words
    • Article
      Lock icon Hiap Hoe buys Australian property for A$105m
      285 8  -  By CARINE LEE carinel@sph.com.sg INTEGRATED property developer Hiap Hoe Limited expanded its overseas portfolio with a A$105 million (S$122.2 million) acquisition of a mixed use retail and office asset in the Central Business District of Melbourne, Australia. The mainboard-listed company said yesterday that
      285 words
    • Article
      Lock icon SGX unveils new mainboard rules for mineral, oil and gas firms
      444 12  -  Move will better safeguard investors’ interests, offer more investment choices in sector By ANDREA SOH sandrea@sph.com.sg THE Singapore Exchange (SGX) is stepping up its efforts to pursue mineral, oil and gas (MOG) listings as it announced new mainboard admission
      444 words
    • Article, Illustration
      Lock icon Tin buyers turn to Indonesian exchange
      642 12 New trading rules have forced Timah to stop shipments Reu ters [JAKARTA] Indonesia’s only regulated tin exchange said it is fielding calls from potential buyers of the metal after new trading rules forced a top producer to stop shipments last week, but others said
      Reuters; PHOTO: REUTERS  -  642 words
    • Article
      Lock icon Investors ready to take stormy Sept in their stride
      566 12 Reuters [LONDON] Investors have been preparing for a stormy September for so long now it’s getting difficult to see this month’s stiffening gales blowing them off course for long. September traditionally the worst month of the year for US stocks with
      Reuters  -  566 words
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      360 6 V) IU M IU g NATIONAL UNIVERSITY HEART CENTRE. SINGAPORE The HEART Truth JOIN US AT THIS SYMPOSIUM AND HEAR IT FROM OUR HEART SPECIALISTS! DATE: SATURDAY, 21ST SEPT 2013 > 1.55pm TIME: 1:30PM 4:30PM VENUE; THE IOYDEN HAIL, LEVEL 7, BUGIS+ WEDSITE: WWW.NUHCS.COM.SG > 2.20pm Ruling an average me
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      55 7 ffluon/ YOU ARE KINDLY INVITED TO THE BRIONI SU MISURA EVENT IN PRESENCE OF Damiano Labricciosa Brioni Master Tailor September 11th- 13th 2013 Singapore 11th Sept 10am 12th Sept 10am 13th Sept 10am 10pm 6pm 3pm FOR APPOINTMENT I:+65 6634 1253 M info@uomogroup.com BRIONI Bl-76, GALLERIA LEVEL, THE SHOPPES AT
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      73 8 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 than
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      11 8 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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      465 9 INVEST IN A UNIQUE ADDRESS POT OF L M 'fjr, Ml >99 YEARS A 2! i fea 4>[ rir Off i>i •a* 4C Artist’s Impression 10-Min Drive Marina Bay Sands Gardens by the Bay 8-Min Drive Botanic Gardens 8-Min Drive Orchard Road 6-Min Drive 6-Min Drive Overseas Family ISS International
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering props up STI
      595 10  -  Rebound sparked by Wall Street rise; investors stay cautious over Syria and US stimulus tapering STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent Having lost about 40 points on Tuesday and Wednesday, the Straits Times Index yesterday rebounded 24.03 points to 3,039.45 yesterday, aided by hefty doses of
      Source: Bloomberg  -  595 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 58 39 36 10 8 9 68 47 45 Commerce 24 21 19 3 3 5 27 24 24 Tpt/Stor/Comms 28 4 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 52,527 52,527 65,178 65,178 Manufacturing 403,984 176,607 580,591 174,644 16,294 190,938 Commerce 150,711 490,118 640,829 66,872 30,560 97,432 Tpt/Stor/Comms 165,521 20,273 185,794 151,738 8,944 160,682 Finance 54,297 5,348 59,645 104,384 2,148 106,532 Construction 560,718 359,796
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 10 Stock name Close Change CapMallsAsia 1.815 +0.015 CapitaLand 2.970 CapitaMall 1.850 -0.005 CityDev 9.910 -0.010 ComfortDelGro 1.865 +0.030 DBS Grp 16.100 +0.140 GLP 2.750 +0.040 Genting SP 1.330 +0.005 Golden Agri 0.550 +0.005 HK Land 6.390 -0.130 HPH Trust US$ 0.730 +0.010 JMH 53.000 -0.030 JSH
      115 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 10 Sep 5 VALUE CLOSE BT OB/OS -324.0 +173.0 BT CADI -*****.0 +117.0 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 739.22 +0.63 FTSE ST Small Cap 537.79 +1.09 FTSE ST All Share 747.69 +4.69 FTSE ST China Top 192.12 +1.56 FTSE ST China 221.05 +0.26 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 10 VOLUME IPCO Intl 363,527,000 YHM 349,532,000 Albedo 316,496,000 TopGlobal 140,488,000 LottVis 139,944,000 Mirach Energy 118,331,000 Lorenzo 81,931,000 AdvanceSCT 81,430,000 Thai Beverage 79,865,000 Rowsley 66,277,000 VALUE($) SingTel 76,223,190 Mirach Energy 57,312,875 Rex Intl 52,990,305 Thai Beverage 39,156,135 Rowsley 37,805,990 Keppel Corp 36,523,340 UOB 36,323,590 OCBC Bk 25,828,790 DBS
      55 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      1003 10  -  Compiled by CAI HAOXIANG Sembcorp Industries Sep 5 close: S$4.88 OCBC Investment Research, Sep 5 SEMBCORP Industries (SCI) announced last week that it will expand its water business with two new wastewater treatment projects in industrial parks in Panjin City. We see the initial phases of these projects
      Source: Bloomberg  -  1,003 words
    • Article, Illustration
      Lock icon Pound hits 7½-month high vs currency basket
      569 10 CURRENCIES Reuters AFP [LONDON] Sterling was firm at a 7½ m o n t h p ea k a g a i n s t a trade-weighted basket of currencies yesterday, helped by gains against the euro before interest rate decisions from the
      Reuters; AFP; PHOTO: REUTERS  -  569 words
    • Article
      Lock icon RISES
      116 10 BY CENTS CLOSE UP DBXT Nifty 10US$ 8700 667.7 6.4 DBXT AUDCS 5US$ ***** 167.3 0.7 DBXT MSJAP 10US$ 4394 76.6 1.4 Jardine C&C 3309 69.0 2.1 Lyxor China H 10US$ 1390 56.2 3.3 DBXT FTVietnam 10US$ 2180 40.9 1.5 Heeton 1 60 39.0 185.7 IS MS India 100S$D
      116 words
    • Article
      Lock icon FALLS
      124 10 BY CENTS CLOSE DOWN GLD 10US$ ***** -157.0 -0.9 Straits Trdg 386 -54.0 -12.3 DBXT MSINDO 10us$ 1104 -19.2 -1.3 HK Land 639 -16.6 -2.0 DBXT S&P Short 10US$ 2937 -14.0 -0.4 UOL 615 -14.0 -2.2 JSH 3241 -11.5 -0.3 KepCorp BPePW*****2 5.6 -5.6 -50.0 IS Asia BND 100US
      124 words
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      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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      33 12 BT Wine, Dine Hospitality Page save more than for10x4colfull-colourad For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Alisa Tan 9154 8381 Francis Yeo 9620 1356 Ellen Lee 9368 3533
      33 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Wrongful dismissal ruling overturned
      474 13  -  Han Cheng Fong ordered to refund costs within 14 days By GRACE LEONG gleong@sph.com.sg VETERAN private property developer Han Cheng Fong was not wrongfully dismissed from a Sino-Singa-pore project, the Court of Appeal ruled yesterday. It overturned a High Court ruling that awarded damages to Dr
      FILE PHOTO  -  474 words
    • Article
      Lock icon Carlton City Hotel banks on location and positioning
      457 13  -  386-room property reports good start since Aug 5 launch By NISHA RAMCHANDANI nishar@sph.com.sg CARLTON City Hotel is the latest in a line of hotels that have opened in the central part of Singapore this year, with the 386-room property seeking a slice
      457 words
    • Article, Illustration
      Lock icon Flash floods shut down sections of the AYE
      450 13  -  By NISHA RAMCHANDANI nishar@sph.com.sg HEAVY rain yesterday morning resulted in flash floods and traffic jams in certain parts of Singapore, with sections of the Ayer Rajah Expressway (AYE) being closed to traffic during the flooding. In a release issued around noon yesterday,
      PHOTO: LIANHE ZAOBAO  -  450 words
    • Article
      Lock icon Singaporean to head Milken Institute Asia Center
      227 13 SINGAPOREAN Chan Heng Wing has been appointed chairman of the Sin-gapore-based Asia Center, which is part of non-profit think tank the Milken Institute. Laura Deal Lacey has taken on the role of managing director at the Center. Set up last year, the Asia
      227 words
    • Article
      Lock icon MDIS breaks ground for Iskandar campus
      373 13  -  Five times bigger than its S’pore campus, the facility aims to take in first batch of 2,000 students in 2015 By MALMINDERJIT SINGH msingh@sph.com.sg THE Management Development Institute of Singapore (MDIS) yesterday officially launched its $116 million Iskandar Malaysia campus. Malaysian Deputy Prime Minister
      373 words
    • Article
      Lock icon Kuan Yew gives 90th birthday bash a miss
      316 13  -  Absence on doctor’s orders said to be a matter of precaution By CHUANG PECK MING peckming@sph.com.sg ON the advice of his doctor and the organising committee chairman former prime minister Lee Kuan Yew had to stay away last night from a big
      316 words
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      155 13 -s i 1: IX >- v w I f V I I <r //k (pbfa/e CELEBRATING 30 CABERNET YEARS OF SAUVIGNON Join Katnook's Chief Winemaker Wayne Stehbens as he guides you through specially selected vintages of the renowned Coonawarra Cabernet Katnook Estate Wine Dinner 10 September 2013 Tuesday 7pm Stellar
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesian workers rally to demand 50% rise in wages
      497 14 Bloomb erg [JAKARTA] Thousands of Indonesian workers rallied in Jakarta yesterday to demand that the government increase wages by 50 per cent next year as inflation at a four-year high drives up living costs. About 30,000 workers under the Confederation of
      Bloomberg; PHOTO: AFP  -  497 words
    • Article
      Lock icon Jakarta to relax rule on foreign miners’ divestment
      261 14 Reuters [JAKARTA] Indonesia plans to relax a rule forcing foreign miners to sell majority stakes and allow those who make downstream investments to keep bigger holdings, a spokesman at the Energy and Mineral Resources Ministry said yesterday. Last year, the Indonesian government
      Reuters  -  261 words
    • Article
      Lock icon Will Najib get it right in his Oct 25 Budget?
      598 14  -  COMMENTARY By in Kuala S JAYASANKARAN in Kuala Lumpur MUCH will depend on Malaysian Prime Minister Najib Razak’s 2014 Budget. Although it is still more than a month away (Oct 25), economists and analysts say the international rating agencies are
      598 words
    • Article
      Lock icon M’sian fuel price hike long overdue: economists
      349 14 [KUALA LUMPUR] The price hike of subsidised fuel starting on Tuesday is timely as its implementation has been delayed for too long, an economist said. Former Director-Gener-al of Malaysian Investment Development Authority (MIDA) Datuk Wira Jalilah Baba said Malaysians must look at the
      349 words
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      1441 14 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FLORIDITA PTE. LTD. (the “Company”) (In Member’s Voluntary Liquidation) (Company Registration Number: *****7838C) (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the Company deemed held on
      1,441 words
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      173 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HSBC FUTURES (SINGAPORE) PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****2398K) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims
      173 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China to allow free yuan exchange in Shanghai zone
      688 15 Draft plan shows move to challenge the free economy of Hong Kong AFP [SHANGHAI] China will allow unfettered exchange of its currency in its first free trade zone (FTZ), a draft plan seen by AFP yesterday showed, in a bold push
      AFP; PHOTO: BLOOMBERG  -  688 words
    • Article
      Lock icon India debuts Syariah-based investment firm
      665 15 Cheraman seeks 20b rupees in 2 years to fund infrastructure Bloomberg [KUALA LUMPUR] India has started its first Syariahcompliant investment company, seeking to tap Islamic wealth to fund a US$1 trillion infrastructure spending plan even as the rupee plunges. Cheraman Financial Services Ltd, which began
      Bloomberg  -  665 words
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      168 15 =41 -i=l •P '4. 7 r >i m: s in ran Hi HI HH I C a 4 l T0 Ncit aap-tfT&jsHPBfc iiABilii a fel 'aiiBi' "**#l|pir I.'®—A9I> I’M ■«||K i ipli^gi SS!1»! **si*ii mas!!!* 1 i B A NifisT W*#C niftif! IBIStei 'lit iBissi! Ii«p*i jgiiiii' 'BillS SBlSBlj illiir
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  • WORLD
    • Article
      Lock icon Iceland banks face US$3.3b of writedowns
      377 16 Homeowner group backs lawsuit over inflation-indexing Bloomberg [REYKJAVIK] Iceland’s banks are facing US$3.3 billion in additional writedowns as the nation’s biggest homeowner protection group throws its weight behind borrowers suing their lenders for indexing mortgages to inflation. Banks, which lost a similar case in
      Bloomberg  -  377 words
    • Article, Illustration
      Lock icon BOJ chief urges Abe to stick to tax hike plan
      605 16  -  Lifting consumption tax on schedule crucial for market confidence: Kuroda By ANTHONY ROWLEY in Tokyo BANK of Japan governor Haruhiko Kuroda yesterday added his voice to a chorus urging Prime Minister Shinzo Abe to go ahead on schedule with raising
      PHOTO: BLOOMBERG  -  605 words
    • Article
      Lock icon Banking union positive for eurozone: Fitch
      301 16 It will improve ratings of most banks though it will raise costs for those in stronger nations Bloomb erg [LONDON] The euro area’s planned banking union will be positive for credit grades of most of the region’s lenders even as it boosts costs for
      Bloomberg  -  301 words
    • Article
      Lock icon Thai rubber export tax temporarily scrapped to appease farmers
      277 16 Reuters [BANGKOK] Thailand will temporarily scrap a tax on rubber exports to support fallen prices, a move aimed at appeasing angry rubber farmers who are demanding a price subsidy and have staged mass protests, disrupting road and rail services in the
      Reuters  -  277 words
    • Article
      Lock icon German factory orders drop 2.7% in July
      395 17 Bloomberg [BERLIN] German factory orders fell in July after demand was boosted by the Paris Air Show a month earlier. Orders, adjusted for seasonal swings and inflation, dropped 2.7 per cent from June, when they rose a revised 5 per cent that was
      Bloomberg  -  395 words
    • Article
      Lock icon US growth still ‘modest to moderate’: Fed
      364 17 AFP Reu ters [WASHINGTON] US economic growth has held firm at a “modest to moderate” pace since July, with activity steady or gaining in most sectors, the Federal Reserve’s Beige Book review revealed on Wednesday. In a report likely to support a move
      AFP; Reuters  -  364 words
    • Article
      Lock icon Assange among offbeat candidates in Aussie election
      312 17 AFP [SYDNEY] From WikiLeaks’ Julian Assange to a larger-than-life billionaire who is rebuilding the Titanic, the Australian election boasts a cast of unlikely candidates who are shaking up the political scene. When Australians go to the polls on Saturday, a mandatory exercise for
      AFP  -  312 words
    • Article, Illustration
      Lock icon ECB ready to cut rates, pump in more money
      497 17 As expected, it left key interest rate unchanged at 0.5% Reuters [FRANKFURT] The European Central Bank said yesterday it was ready to cut interest rates or pump more money into the eurozone economy if necessary to bring money market rates down
      Reuters  -  497 words
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      2036 16 v WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Registration No. *****2527Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of LIAN BENG GROUP LTD (the “Company”) will be held at 29 Harrison Road, Lian Beng Building, Singapore *****8 on Thursday, 26 September
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      439 16 In the matter of The Companies Act, Cap. 50 And In the Matter of GEORGE WASHINGTON PRESCHOOL PRIVATE LTD. Company Reg. No. *****3531W STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, Gina Pei-Fong Chiang, FIN No. G*****87L of 2 St. Martin’s Drive
      439 words
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      98 17 J r I H Looking for a bigger space for your business? You’re looking at the SI 0 I a N 9 > > a 'a Search for your ideal business space from over 5,000 commercial and industrial properties Discover Top 10 Popular Projects every week |jj Sort by psf
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  • EDITORIAL & OPINION
    • Article
      Lock icon The art and science of picking winners
      472 18 EDITORIAL MUCH has been written about the wisdom, or otherwise, of the just-announced purchase by Microsoft of Nokia’s devices and services division. Beyond the question of whether this buyout will benefit the two companies, though, is the broader reality of business organisations and
      472 words
    • Article, Illustration
      Lock icon Benign signs may well belie onset of next global crisis
      728 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group COULD we be on the cusp of the next economic crisis? Just in case you hadn’t noticed, the latest warnings come from Brazil and India, whose currencies are under attack.
      The Washington Post Writers Group  -  728 words
    • Article, Illustration
      Lock icon ‘Working from home model’ is here to stay
      1014 18  -  It’s increasingly becoming more important to have flexible working styles to retain talent By ROZZYN BOY The writer is global head of corporate communications, Tata Communications AS businesses evolve and operate at more global levels, working from home has become increasingly popular.
      PHOTO: REUTERS  -  1,014 words
    • Article, Illustration
      Lock icon Obama unlikely to win support on Syria
      1497 19  -  His consensus-building strategy is akin to Bush the First’s, but the US, Mid-East and world today are different from 1990 LEON HADAR Washington Correspondent ANTI-WAR critics who compare US President Barack Obama’s plans to launch a military strike against Syria to that of
      PHOTO: REUTERS  -  1,497 words
    • Article, Illustration
      Lock icon India making rupee stability its prime goal
      696 19  -  By SANJAY MATHUR The writer is head of economics research, Asia Pacific ex-Japan at RBS; a version of this article appeared in Bloomberg Brief, Economics Asia on Aug 29, 2013 INDIA’S economy and currency have taken a battering, yet the worst of rupee
      PHOTO: AFP  -  696 words
    • Article
      Lock icon Raw deal for Synear’s minority shareholders
      355 19 LETTER TO THE EDITOR I COMMEND Kenneth Lim for the report “Synear Food shareholders approve delisting”, (BT, Sept 5), which said independent adviser Ernst Young Corporate Finance had found the exit offer for Synear Holdings to be “not fair” because of the sharp discount
      355 words
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  • Page 19 Advertisements
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      103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
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  • PROPERTY
    • Article, Illustration
      Lock icon M+S awards $2b deals to Korean, Japanese firms
      277 20  -  They are for two building jobs DUO and Marina One By FELDA CHAY feldac@sph.com.sg M+S, the joint venture firm between Khazanah Nasional and Temasek Holdings, has awarded construction contracts worth over $2 billion to a Japanese contractor and a Korean consortium of
      FILE PHOTO  -  277 words
    • Article, Illustration
      Lock icon Bargain hunters eyeing Gold Coast
      1357 20 Indications that market is bottoming out, low interest rates sparking interest in resort strip Bloomb erg [SYDNEY] After sitting on the sidelines for two years watching home prices plummet, Rina Poke bought her ninth investment property in Australia’s Gold Coast for A$121,000 (S$141,286), beating another
      Bloomberg  -  1,357 words
    • Article, Illustration
      Lock icon London’s Mayfair rents set to soar
      367 22 Rising demand for art spurs auction houses and galleries to open Bloomberg [LONDON] Rents in upmarket London district Mayfair are set to soar as galleries and auction houses line up to open in the neighbourhood amid rising demand for art, the London Luxury Quarter
      Bloomberg  -  367 words
    • Article, Illustration
      Lock icon Tech start-ups lap up novel RocketSpace
      1167 22  -  It rents working spaces without walls or doors, but its perks include providing high-speed Internet access and proximity to well-regarded young companies, reports QUENTIN HARDY reports QUENTIN HARDY NYT [SAN FRANCISCO] IN the 20th-century workplace, Duncan Logan might be considered an abusive landlord. He
      NYT; PHOTO: NYT  -  1,167 words
  • Page 20 Advertisements
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      428 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D01 HOUSE FOR SALE SENTOSA SOUTH COVE Modern Villa 8100/*****sqft 6+1rms Basement. Private Berth. Best Waterway view! Pool, Gazebo, Lift. Also for Rent! Call Veronica 9455 0898 DTZ D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove White minimalist Stunning panorama waterway Bunglw.
      428 words
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      Lock icon Page 20 Advertisements Column 2
      99 20 D16 HOUSE FOR SALE BEDOK AVENUE 3-Storey Semi-D F’hold. Land 6057/build 3682 sf 7+1 bdrms. 20 yrs old. Privacy. Sophia 9234 3912 D19 HOUSE FOR SALE BOUNDARY ROAD 3.5 storey corner terr Boundary Rd. Approx land 2152/ 3500 sqft. F’hold. 11 years. 5+1. NEX/ MRT. Viewing by appt. Richard 9647
      99 words
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  • Page 21 Advertisements
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      432 21 D19 HOUSE FOR SALE HOW SUN WALK 3 storey Semi-D. 99 years lease. Land 4585/3500 sqft. 5+1. Huge garden. Walk to Bartley MRT. Open house by appointment. Richard Ong 9647 9755 D19 HOUSE FOR SALE HOW SUN WALK Detached 99 yrs. Land 6475/4300sf. 3 storey. Walk to Bartley MRT. Nice.
      432 words
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      165 21 D28 HOUSE FOR SALE JALAN KETUMBIT Jalan Ketumbit. 2.5 storey Semi-Detached 999 years. Approx 3272/ 4467 sqft. 8+1. Renovated with pool. Park 2 cars. $4.xM. D28 HOUSE FOR SALE MANDAI ROAD Freehold Semi-Detached, 2350 sqft, Mandai Road. Near Eateries/ Future MRT. 5 rooms ensuite. Ask $3.3M. Michael Tan 9488 4417
      165 words
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      Lock icon Page 21 Advertisements Column 3
      157 21 D05 APARTMENT FOR SALE ONE NORTH RESIDENCES One North Residences Studio 592 sqft. Minutes walk to MRT. Quiet. Greenery View. Good Price. Sally 8222 7236 D05 APARTMENT FOR SALE WESTCOVE Firesale! Westcove 2+1. 1098 sqft. Good layout. Renovated. Near NUS/ Varsity Park. Convenient. $1.05m Nett. D08 APARTMENT FOR SALE CITYLIGHTS
      157 words
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      179 21 D09 APARTMENT FOR SALE URBAN RESORT Orchard Rd. 2xxm to Paragon, MRT, int’l schs. Fr 2121 sf, all ensuite, pte lift. From $24xx psf only. By appt only. Call 8181 7777 Paul D10 APARTMENT FOR SALE ROBIN SUITE New Launch! 1/2/penthse/ townhse. Fr $1.0xxM. Near MRT/ good schools. D10 APARTMENT
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      176 21 D15 APARTMENT FOR SALE HAIG 162 Haig 162. Freehold. 1 bedroom. High floor. Sea view. Good layout. Near Parkway Parade. Asking $720K. Call Adele 9105 7276 D16 APARTMENT FOR SALE THE BAYSHORE The Bayshore, 2 room, Low floor, Designer Renovation, Windy, Serious Seller, Ask $960K neg. Brandon 9671 6641 D16
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  • Page 22 Advertisements
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      414 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D21 APARTMENT FOR SALE PANDAN VALLEY 1335sf Split unit. 3-bdrms. Balcony facing park. Mins to Orchard Road Holland Village. Hurry! Call Serena 9851 1656 C21 D27 APARTMENT FOR SALE CANBERRA RESIDENCES Brand new Canberra Residences. 3+1. 1324 sqft, Spacious, Regular layout. Premium
      414 words
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      Lock icon Page 22 Advertisements Column 2
      95 22 D05 APARTMENT FOR RENT HUNDRED TREES Just TOP!!! 2-bdrms Study 915 sqft. Fr $3K-$4K. 3-bdrm+ Study 1313 sqft. $4K up! The Parc Condo. 4-bdrms 1518 sqft D09 APARTMENT FOR RENT BELLEVUE PENTHOUSE A1 Condition. 3bdrms 3498 sqft. Resort Living. F/furnished. MRT Immed. Sole Agt 9002 3238 D09 APARTMENT FOR RENT
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      210 23 D11 21 APARTMENT FOR RENT THE SENTINEL The Sentinel 3-bedrooms, 1162 sqft. Near Novena MRT. Modern design. Call Julian 9177 8312 View: www.sgpd.info/ar/28 D14 APARTMENT FOR RENT ASTON MANSIONS Aston Mansions. 3+1rm 3 bathrm, p/ furn, avail 15 Nov. High flr, f/aircon, 5 mins Paya Lebar MRT. F/ condo facilities.
      210 words
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      Lock icon Page 23 Advertisements Column 2
      165 23 D01 OFFICE FOR SALE CHINATOWN POINT Chinatown Point 1055 sqft (x2 units) High floor, Fitted. Doorstep to MRT/ amenities. No GST. Please call Veronica 9788 1126 PN D01 OFFICE FOR SALE SOHO CENTRAL Propnex Premium Division. 635 sqft. Doorstep to MRT, shopping mall CBD. $1.72M. Grab Now! Ray Sim 9687
      165 words
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      Lock icon Page 23 Advertisements Column 3
      255 23 D12 SHOP FOR SALE ST GEORGE’S ROAD HDB shop house. Fully fitted. Near MRT. Move-in condition. View: www.*****783.com D13 SHOP FOR SALE SANT RITZ Row house 21% Disc for office/Shop/ showroom use. Opp MRT/ Future mall. Chris 9323 9988 REM D14 FACTORY FOR SALE GEMINI SIMS Ramp-up B1 factory. Freehold.
      255 words
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      Lock icon Page 23 Advertisements Column 4
      273 23 D19 FACTORY FOR SALE PRIMAX Star Buy! 65% Sold, Selling Fast! Primax New Industrial Rd. F’hold. Ramp up, high ceiling, 40 footer, facilities. Judy Ong 9105 5029/ 9383 6361 D20 FACTORY FOR SALE OFF UPPER THOMSON New Launch! Off Upper Thomson. B1 industrial. Freehold. Pending for approval. $6xx psf. Register
      273 words
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      Lock icon Page 23 Advertisements Column 5
      274 23 D16 OFFICE FOR RENT 7, CHANGI SOUTH STREET 2 Office in Changi for takeover. Ideal for sch. 4400sf Very low mthly rent. Near S’pore Expo MRT. Full commercial sch status approved by URA. *****241 D20 OFFICE FOR RENT SING INDUSTRIAL COMPLEX AMK 420sf $1.7K neg. Aircon Carpet Own access, Clean,
      274 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon US, Japan, Australia wary of Chinese ports in Pacific
      762 24 They plan joint action to curb Beijing’s growing influence in region WP [NUKU’ALOFA, Tonga] US, Japanese and Australian defence officials are increasingly wary of China’s moves to develop port facilities in Pacific island nations, reflecting concern that those facilities could become
      WP  -  762 words
    • Article, Illustration
      Lock icon Delta chooses Airbus over Boeing for 40-plane order
      696 24 Re uters [WASHINGTON] Delta Air Lines Inc announced an order for Airbus jets on Wednesday worth almost US$6 billion at list prices, softening its reliance on Boeing for the first time in two decades as it looks for plane bargains. The order,
      Reuters; PHOTO: BLOOMBERG  -  696 words
    • Article
      Lock icon Meggit moves to Seletar Aerospace Park
      296 24  -  B)’ NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Meggitt Aerospace Asia Pacific has launched a 22,000 square foot aftermarket centre at Seletar Aerospace Park which will enable it to house the majority of its services under one roof. The new space at SAP will help the firm
      296 words
    • Article
      Lock icon Cargo carriers pin hopes on new gadgets
      700 24 Bloomberg [TOKYO] Apple Inc’s new iPhones and Samsung Electronics Co’s Galaxy Gear watches are the gadgets Asian freight airlines have been waiting for. Asian carriers, suffering from a traffic slump of six consecutive months, may be able to break the losing streak with
      Bloomberg  -  700 words
    • Article
      Lock icon Mitsui to team up with Japan rivals to build LNG carriers
      519 24 Bloomberg [TOKYO] Mitsui Engineering Shipbuilding Co, the heavy machinery maker whose merger talks with Kawasaki Heavy Industries fell apart earlier this year, has teamed with other shipbuilders in Japan to bid for contracts to build natural gas tankers to
      Bloomberg  -  519 words
    • Article
      Lock icon TRANSPORT STOCKS
      236 24 SGX '000 Sept 5 S$ +/-Vol CH Offshore 0.41 unch 90 Chuan Hup Hldg 0.27 unch 131 Cosco Corp 0.71 0.03 3028 s$ First Ship Lea Freight Links Grand Banks.............unch unch 0 Jaya Hold Ltd Cosco Corp K1Ventures 0.20 0.01 ***** Keppel Corp 10.14 0.12 3601 Mercator Lines
      236 words
    • Article
      Lock icon SHIPPING TIMES
      2406 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
      2,406 words
  • Page 24 Advertisements
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      34 24 ON A ROLL Singapore’s sprint queen Shanti Pereira shares her dreams with tabla! MMI enters Vietnam pre-school market GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • Page 25 Advertisements
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      43 25 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
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      Lock icon Page 25 Advertisements Column 2
      18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      1905 26 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 WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping Times 12 The Business Times, Thursday, July 18, 2013 Calling for
      1,905 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3225 27 Transaction date: Sep 5 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 11.5 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 144.5 unch 179 145.5 144 145
      3,225 words
    • Article
      Lock icon SGX CATALIST
      220 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 2.4 1.3 t Advanced System 1.5 unch ***** 1.7 1.4 1.5 1.6 23.8 Day Last Quote Div Gr Yld Net M Cap High
      220 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11031 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond 1.11/ EM Local Ccy Bond 0 99? S/ Asian Smaller Cos!** Global Emerging Markets!** EM Local Ccy Bond ...0.8944/ European Opportunities
      11,031 words
    • Article
      Lock icon GLOBALQUOTE
      262 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 58 27 AVJennings A53.5 -0.5 4 53.5 53.5 50.5 55.5 3.6 6.5 4.3 198.1 52 31 Genting HK US$ US37.5 -2 ***** 39.5 37 37.5 38 2469.2
      262 words
    • Article
      Lock icon SGX ETF
      906 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 124.3 CIMB APAC Div 100S$D 129.1cd 132.2 133.1 114.4 99.2 CIMB APAC Div 100US$ US102.9cd 103.9 104.7 10.8
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      612 29 Sep 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.20 *****.50 *****.52 Sep13 *****.00 *****.00 *****.00 *****.00 *****7 *****1 Dec13 *****.00 *****.00 *****.00 *****.00 5447 ***** MSCI TAIWAN INDEX FUTURES SPOT 285.98 288.64 285.98 Sep13 285.40 288.20 284.70 287.70 ***** *****9 Oct13 284.70
      612 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 4 Index Change Change Change Change Change Change World Preliminary 1074.4 0.5 14.5 0.4 16.6 0.7 11.8 EAFE Preliminary 881.5 0.1 13.8 0.3 12.7 0.5 8.1 Europe Preliminary 1255.6 0.1 9.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 Sep 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.960 5.592 0.693 7.088 60.323 101.666 0.914 10.045 3.014 1.161 95.749 40.643 1.167 9.382 0.860 27.381 29.495 0.586 0.914 Canada 1.042 5.826
      471 words
    • Article
      Lock icon SIBOR
      51 29 Sep 5 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 3 mths 9 mths 12 mths Source: Thomson
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    • Article
      Lock icon GOVERNMENT SECURITIES
      91 29 Sep 5 Sep TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****E 07-Mar-14 0.27 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.99 5-Year N*****0T 0.5 01-Apr-18
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    • Article
      Lock icon PRECIOUS METALS
      137 29 Sep 5 GOLD(US$/oz) Sep 04 Sep 05 Hong Kong 1413.00 1393.00 Sep 03 Sep 04 London 1401.79 1390.90 1402.67 1391.65 Source: Thomson Reuters CAST BAR Sep 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128 57 5gm 365 285 10gm 651 570
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    • Article
      Lock icon PALM OIL
      57 29 Sep 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2400.0 2399.0 2404.0 2390.0 146 1523 Oct 13 2402.0 2402.0 2419.0 2391.0 1248 ***** Nov 13 2397.0 2398.0 2418.0 2385.0 ***** ***** Dec 13 2398.0 2399.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 29 Sep 5 Sep Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1664 1.1679 0.9136 0.9141 Canadian dollar 1.2152 1.2167 0.9523 0.9518 Euro 1.6823 1.6839 1.3177 1.3179 NZ dollar 1.0049 1.0064 0.7871 0.7877 Sterling pound 1.9919 1.9939 1.5602
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 29 Sep 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1397.75 1435.50 1432.75 1389.00 Nov 13 1352.50 1386.75 1387.25 1341.50 Jan 14 1351.00 1385.00 1385.00 1340.25 Mar 14 1332.50 1358.25 1359.00 1319.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
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    • Article
      Lock icon LIFFE
      95 29 Sep 4 COCOA (£/tonne) Close Prev High Low Sep 13 1657 1618 1658 1611 Dec 13 1654 1613 1654 1607 Mar 14 1638 1599 1639 1594 May 14 1635 1598 1635 1594 COFFEE(US$/tonne) Close Prev High Low Sep 13 1762 1762 1773 1755 Nov 13 1778 1785 1784 1771
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1129 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 12.9 8.9 4213 0.0 5 -73 58 Asia-Pacific Strategic W*****6 ..............0.1 halt 1 123 562 186.00 8 Exer Price AlliedTech W*****2 Disc Ascendas Reit MB ECW*****3 3.2 0.2
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Sep 04 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.64 0.29 WTI (Near Mth) 107.10 -1.42 Dubai (1-Mth F) 108.56 -0.03 Tapis blend 122.86 0.49 Minas 114.26 0.49 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.61 unch Jet Kerosene 126.75 0.65 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Sep 5 S$ Bid Offer 1-month 1.2766 1.2777 2-months 1.2766 1.2776 3-months 1.2765 1.2775 6-months 1.2762 1.2772 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 29 Sep-04 Sep-04 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1741.75 1774.50 3 months 1789.50 1822.00 Copper, Grade A(US$/tonne) Cash 7095.00 7219.25 3 months 7124.00 7245.00 Lead(US$/tonne) Cash 2128.00 2142.80 3 months 2142.00 2155.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Sep 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.237 1.190 Euro 1.722 1.640 Sterling pound 2.029 1.951 NZ dollar 1.030 0.991 US dollar 1.302 1.240 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 29 Sep 5 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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 12
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  • executive lifestyle
    • Article, Illustration
      Lock icon Literature’s place in a digital world
      2276 30  -  The Singapore Writers Festival grows stronger at a time when literature’s value is being questioned, reports RACHEL LOI reports RACHEL LOI IN a material world where productivity is king and reality shows rule, the sheer joy of reading a good book still prevails this
      PHOTOS: SINGAPORE WRITERS FESTIVAL; FILE PHOTO  -  2,276 words
    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon The Millers milk the guffaws
        587 31  -  Jennifer Anniston and Jason Sudeikis bank on a side-splitting screen chemistry, writes DYLAN TAN writes DYLAN TAN dylantan@sph.com.sg We’re the Millers goes down a road well-travelled by many Hollywood comedies but there’s little to complain about since it does what’s expected of it and delivers
        PHOTOS: WARNER BROS  -  587 words
      • Article, Illustration
        Lock icon Not all Plane sailing for Disney animation outing
        452 31  -  By GEOFFREY EU IT’S a storyline we’ve often heard before: talented underdog dreams of the big time but has to beat overwhelming odds to bag the top prize and deal with nasty competition along the way. That formula applies to any number
        PHOTO: DISNEY  -  452 words
      • Article, Illustration
        Lock icon Blockbusters on an indie budget
        563 31  -  B_Y DYLAN TAN dylantan@sph.com.sg JASON Blum is a rarity in Hollywood the founder and CEO of Blumhouse Productions has pioneered a new model of studio filmmaking by producing high-quality mi-cro-budget films for wide release. His latest, The Purge, which is now playing in Singapore, cost
        PHOTOS: UIP, FILE  -  563 words
      • Article, Illustration
        Lock icon Indian music maestros pump it up
        370 31  -  BY RACHEL LOI rachloi@sph.com.sg THINK “Bollywood music” and most will associate it with a unique genre they don’t understand and cannot enjoy. But brothers Salim and Sulaiman Merchant are out to prove that a little repackaging is all it takes to change this impression.
        FILE PHOTO  -  370 words
    • PURSUITS
      • Around Town
        • Article, Illustration
          Lock icon Exhibition
          183 32 ICON de Martell Cordon Bleu:If you missed this year’s ICON de Martell Cordon Bleu nominees at the Asian Civilisations Museum earlier this month, don’t worry. You can still check them out at the Chan Hampe Galleries next week. The ICON de Martell Cordon Bleu is a photography award that
          FILE PHOTO  -  183 words
        • Article
          Lock icon Theatre
          157 32 Next To Normal: See the 2010 Pulitzer Prize winner for Drama, a musical called Next To Normal, produced by Pangdemonium at the Drama Centre Theatre. It follows the story of Diana Goodman, played by West End actress Sally Ann Triplett, who is a suburban housewife with bipolar disorder, and
          157 words
        • Article, Illustration
          Lock icon Concert
          114 32 Tony Bennett: Seventeen-time Grammy award winner Tony Bennett (right) will be back in Singapore for the first time in 20 years to perform a one-night-only concert at The Star Theatre next week. The 87-year-old singer is best-known for songs like I Wanna Be Around, The Good Life, Who Can
          114 words
        • Article
          Lock icon Film
          131 32  -  Compiled by RACHEL LOI 100 Years Of Indian Cinema: Catch a series of Indian films at The Arts House over the coming weekend in 100 Years of Indian Cinema. This event is part of the second edition of Darpan Singapore, Bengali International Film Festival. The films that will be
          131 words
      • Article, Illustration
        Lock icon Geldof’s Boomtown outlook
        903 32  -  Bob Geldof tours again with the Boomtown Rats after a hiatus of 26 years, writes GEOFFREY EU BOB Geldof isn’t afraid of failure. Of course, as a famous, fabulously wealthy sing-er-songwriter with a 40-year track record and an alternative career as a high-profile champion for the poor
        PHOTO: ARTHUR LEE  -  903 words
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        Lock icon Show-and-tell in style
        874 32  -  By MAY YIP THE cardigan may be just another piece of knitwear to the average shopper. But through the lens of famed auteurs and fashion photographers, images of the humble fashion staple become worthy of a plinth and frame. For over 30 years, the classic snap cardigan
        PHOTOS: AGNES B, CAOCH  -  874 words
    • ARTS
      • Article, Illustration
        Lock icon Whimsy wonderland
        570 33  -  Kitagawa creates fantastical worlds where humans animals, East and West, classical art and cartoons, collide, writes HELMI YUSOF writes HELMI YUSOF helmi@sph.com.sg IN the vivid daydreams of artist Maiko Kitagawa, humans and animals exist side by side. They talk to each other in the same language, feast together
        PHOTOS: NIKEI FINE ART  -  570 words
      • Article, Illustration
        Lock icon Perception vs reality
        553 33  -  By HELMI YUSOF helmi@sph.com.sg WALK into Galerie Sogan on Mohamed Sultan Road and you might get a feeling you’re being tricked into seeing things that aren’t there. Is that a couch behind the table or just a painting of one? Those objects above the chest of drawers
        PHOTOS: HELMI YUSOF  -  553 words
      • Article, Illustration
        Lock icon Inspirations of Indonesian modern artist Apin on show
        449 34  -  By CHEAH UI-HOON uihoon@sph.com.sg THERE are often retrospectives of notable and seminal artists’ works, but what is rare is the exhibition of an artist’s life inspirations and studies documenting his or her development of art. Archiving Apin, which opened at NUS Museum
        PHOTO: NUS MUSEUM  -  449 words
      • Article, Illustration
        Lock icon Unmasking through art
        757 34  -  By CHEAH UI-HOON uihoon@sph.com.sg CONTEMPORARY Indonesian artist Eko Nugroho made masks, and transformed the images of a few staff from the Singapore Tyler Print Institute (STPI). He got them to put on his paper-made masks and wander about Singapore making sure that his art “engaged” his collaborators
        PHOTO: SINGAPORE TYLER PRINT INSTITUTE  -  757 words
      • Article, Illustration
        Lock icon Fifty shades of grey – Japanese style
        470 34  - Fifty shades of grey Japanese style Elegant bunraku puppetry and live action make Shun-km a haunting stage experience, writes HELMI YUSOF helmi@sph.com.sg EVERY now and then, a work comes along to remind you that, for some couples, physical pain is a good thing. Love, in their case, is not expressed
        PHOTO: SETAGAYA PUBLIC THEATRE  -  470 words
      • Article, Illustration
        Lock icon Coming to grips with manhood
        501 34  -  By HELMI YUSOF helmi@sph.com.sg THE title of the play is enough to make anyone blush, but a female director has boldly agreed to helm, a-hem, The Penis Society. Patricia Toh will look at the local sex scandals of the past year from the former chiefs
        PHOTO: TOY FACTORY  -  501 words
    • WINE
      • Article, Illustration
        Lock icon On a vinous tour of five reds from five countries
        1159 35  -  Australian, Bordeaux, Spanish, Italian, and Californian face off on the palate, writes NK YONG FIVE very different reds recently Australian, Bordeaux, Spanish, Italian, Californian all within the space of a week, interesting and instructive! Chateau Haut Marbuzet 2003, Bordeaux; Montebello
        1,159 words
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  • Page 32 Miscellaneous
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      303 32 CRYPTIC CROSSWORD Across 1 Pop out with Hogarth print (10) 6 Bar fight (4) 9 Line’s fake, showing lack of talent (10) 10 Work round old trick (4) 12 Like peanuts? Full, having consumed pounds (6) 13 Enormous wastage in fuel (8) 15 Men hunting wild elks arrested (12) 18
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      56 33 MfllKO September 4 th November 30 th Opening reception September 4th at 7pm Maiko Kitagawa exhibition Also featuring artworks by Pablo Picasso,Andy Warhol Roy Lichtenstein Live demo by Maiko: September 4th-7th at 4pm V fl'G A IMrte'i FINE ART Raffles Hotel Arcade 328 North Bridge Road #01-34 Singapore *****9 Contact
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      105 35 Asian growth. Portfolio growth. Who can help you connect the two? At UBS, we have dedicated teams of wealth management specialists around the region, tapping into our in-depth research and global resources to give you the financial insights you need to take advantage of investment opportunities in the market. To
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      803 36 A SPECIAL FEATURE BROUGHT TO YOU BY BMW 7 Series Privileges Programme Plus bmw7ppp.com Sheer Driving Pleasure W FOR DRIVING PLEASURE. NOW WE ARE SETTING THE STANDARDS FOR LUXURY LIVING. The BMW 7 Series is not just a car that leads with its commanding stature, uncompromising performance, and luxurious comfort.
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