The Business Times, 7 September 2013

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Microfilm: NL32825
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 7-8, 2013 S$1.00 MCI (P) 086/08/2013 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon Tepid US jobs data may delay Fed tapering
    715 1 August payroll increase short of expectations; labour force participation rate lowest since 1978 Bloomberg Re uters Washington Employers in the us hired fewer workers than expected in August and the jobless rate hit a 4 1 /2-year low as Americans gave up
    Bloomberg; Reuters; PHOTO: AP  -  715 words
  • Article
    Lock icon Small car COE category may undergo a big change
    643 1  -  By Samuel Ee samuelee@sph.com.sg Singapore THE small car COE category may be determined by more than one criterion in the future. This could also help to settle the issue of multiple car ownership without requiring further measures to be taken. Some
    643 words
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      173 1 the MOTORING The latest Mercedes S-Class L15 the raffles conversation ISKANDAR INVESTMENT CEO 8-9 WEALTH TripleOne Somerset sale in advanced negotiations 31 HDB RESALES COVs lowest in over 4 years THE median cash over valuation for resale HDB flats fell in August to their lowest point in more than four
      173 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      48 2 NEWS Top Stories 2-6 Raffles Conversation 8-9 Companies 10-13 Singapore 14, 16 From the Desk of 17 World 18-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-31 Househunt 30 Real Estate 31 LIVING Design L2-5 Dining L6-9 Wine Challenge L10-11 Gadgets L12 Golf L13 Motoring L14-15 Health L16
      48 words
    • Article, Illustration
      Lock icon COVs at lowest in over 4 years: SRX flash
      672 2  -  Meanwhile, private non-landed property resale prices rise 1.5% to new high in August By Ong Chor Hao ongch@sph.com.sg Singapore MORE realistic expectations appear to be kicking in, as the median cash over valuation (COV) for resale Housing and Development Board (HDB)
      Source: SRX  -  672 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,048.35 (+8.90) GSTI FUTURES 3,047.00 (+9.00) GSIMSCI 347.27 (+1.44) GSIMSCI FUTURES 347.27 (+2.00) Friday Change KL COMP 1,723.80 +2.83 NIKKEI 225 13,860.81 -204.01 HANG SENG 22,621.22 +23.25 SET 1,336.25 +22.76 JAKARTA 4,072.35 +21.49 MANILA 5,794.62 +15.40 KOSPI 1,955.31 +3.66 SHENZHEN B 823.40 +6.76 MUMBAI IND 19,270.06 +290.30 12noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.755 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.279 (US$/S$ per 1.560 1.994 EURO(US$/S$/€ 1.312 1.678 Foreign currency per US$ S$ YEN 99.60 77.90 RM 3.323 2.599 HK$ 7.756 6.065 BAHT 32.38 25.32 RUPIAH 11,175 8,739 RENMINBI 6.120 4.786 INDIAN RUPEE 65.52 51.24 A$ 1.094 0.855 NZ$ 1.259 0.985
        49 words
    • Article, Illustration
      Lock icon Flying is fun, buses are another story
      478 4  -  But passengers rate MRT’s quality higher in latest satisfaction index By Teh Shi Ning tshining@sph.com.sg Singapore COMMUTERS are as dissatisfied with public transport as they were a year ago, even though MRT passengers now think more highly of the quality provided by the
      PHOTO: REUTERS; Source: Institute of Service Excellence, SMU  -  478 words
    • Article
      Lock icon M’sia debt ratio nears ‘worrying levels’: BOA
      535 4  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur A US bank has warned that Malaysia’s ratio of public debt to gross domestic product (GDP) “is approaching worrying levels”. In a report yesterday, Bank of America Merrill Lynch (BOAML) said that the country’s debt-to-GDP ratio had
      535 words
    • Article, Illustration
      Lock icon Syria attack perpetrators ‘must be punished’
      752 5  -  PM Lee clarifies Singapore’s stand; G-20 leaders say global recovery still weak with risk of further slowdown Reports by Lee U-Wen leeuwen@sph.com.sg St Petersburg, Russia WHILE world leaders meeting in Russia for the annual G-20 Summit failed to reach any consensus on how to
      PHOTO: JOYCE FANG/THE STRAITS TIMES  -  752 words
    • Article
      Lock icon Govts need to invest in infrastructure: PM Lee
      565 5 TO generate economic growth and create employment for the future, governments need to invest in infrastructure and set concrete targets on how they plan to promote these investments within the next two years. Addressing world leaders on the second day of the
      565 words
    • Article, Illustration
      Lock icon Hanafi says he never relied on ‘secret letter’
      962 6  -  Court also told that reason for hurried redemption of bonds was for Suntec purchase, not because of anonymous threat CITY HARVEST CHURCH CASE By Michelle Quah michquah@sph.com.sg Singapore INDONESIAN businessman and City Harvest Church (CHC) member Wahju Hanafi says he never relied
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  962 words
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      96 3 k STCARSsg Your One-Stop Portal for Cars and Accessories o Latest car reviews motoring news Wide collection of accessories S Information guide for motoring services X f w w. >/, > Extensive selection of used rental cars Good variety of commercial vehicles Comprehensive collection of new cars ls& 5-: r.
      96 words
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  • Page 5 Advertisements
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      28 5 Investment Opportunity Investors required for food industry for business expansion Min $50k 250k 6% min return Min 2 years SMS or Call Victor 9185 3360 Brinda’s Pte Ltd
      28 words
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      154 5 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF CHI SIANG PTE. LTD. Company Reg. No. *****4125E (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of members
      154 words
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      192 6 THE BUSINESS TIMES SATURDAY SPECIAL Enjoy fine 6-course Cantonese cuisine at 30% off! ($88++ per person before discount) Park Palace, Grand Park City Hall, 10 Coleman Street, Singapore *****9 Tel: 6432 5543 Website: parkhotelgroup.com/cityhall Terms Conditions Promotion valid from 7 September to 30 November 2013 Minimum of 2 guests to
      192 words
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      75 7 PRIME MINISTER. STATESMAN. LAWYER. ADVOCATE FOR WORKERS. FOUNDER OF POLITICAL PARTY. AND THROUGH IT ALL, A HUSBAND AND FATHER. See over 100 never-before-published photos of Lee Kuan Yew in private Bilingual in and in the public eye, in this new pictorial book with 480 photographs English and Chinese LEE KURN
      75 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Master planner
      1969 8 / 9  -  Mohamed Ibrahim, the man in charge of the strategic planning and development of Iskandar Malaysia, relishes the opportunity to create, from scratch, one of the top 10 liveable cities in the world. By Malminderjit Singh By Malminderjit Singh msingh@sph.com.sg HE likens himself to an artist commissioned to paint
      ISKANDAR INVESTMENT  -  1,969 words
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  • COMPANIES
    • Article
      Lock icon Otto Marine unfazed by China competition
      565 10  -  It leverages on the Chinese yards’ cost-efficiency and higher productivity for its own gain, says CEO By Malminderjit Singh msingh@sph.com.sg Singapore OFFSHORE marine group Otto Marine is unfazed by the competition from China’s more cost-ef-ficient yards in the building of offshore support vessels (OSVs).
      565 words
    • Article
      Lock icon Rex International’s Q2 losses deepen
      456 10  -  By Andrea Soh sandrea@sph.com.sg Singapore WITH production yet to start, Swedish oil and gas group Rex International saw its losses deepen for the second quarter ended June 30. The newly listed firm made a loss both before and after tax of US$685,000, compared with the
      456 words
    • Article
      Lock icon Singapore tech blog SGE acquired by Tech in Asia
      301 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg Singapore SINGAPORE’S tech startups continued to be in the spotlight this week with SGEntrepreneurs.com (SGE) becoming the country’s third startup to be acquired in the past five days. The buyout of SGE a tech startups and entrepreneurship
      301 words
    • Article
      Lock icon Penalty for errant deals sinks Everbright Securities into monthly loss
      303 10 Bloomberg Beijing EVERBRIGHT Securities Co posted an unconsolidated net loss of 523 million yuan (S$109 million) last month after US$3.8 billion in erroneous trading orders that roiled China’s equity market and drew a record regulatory penalty. The country’s seventh-largest brokerage
      Bloomberg  -  303 words
    • Article, Illustration
      Lock icon US stocks safe amid tapering volatility: JP Morgan
      601 11  -  It says investors in Singapore and HK more optimistic than a year ago By Cai Haoxiang haoxiang@sph.com.sg Singapore EVEN as the market digests the US government’s employment report yesterday and what it means for the Federal Reserve’s asset purchases, most Wall Street
      Source: Standard & Poor’s, JP Morgan Asset Management.  -  601 words
    • Article
      Lock icon Sunpower clinches 85.1m yuan deal
      200 11  -  By Vivien Shiao vshiao@sph.com.sg Singapore MAINBOARD-listed Sunpower Group has won an 85.1 million yuan (S$17.8 million) contract from Shenhua Group, a coal conglomerate in China. The deal was between their respective units Jiangsu Sunpower Technology Ltd and China Shenhua Coal to Liquid and Chemical Ltd.
      200 words
    • Article, Illustration
      Lock icon Penny stocks in play as market keeps eye on Syria
      543 12  -  STOCKS| R Sivanithy sivan@sph.com.sg Senior Correspondent WHETHER or not the US will take military action against Syria was the central consideration in equity market trading this week, displacing the previous main worry of the US Federal Reserve tapering its monetary
      543 words
    • Business briefing
      • Article
        Lock icon China Minzhong names PwC as financial adviser
        49 12 CHINA Minzhong Food Corporation has appointed PricewaterhouseCoopers (PwC) as the independent financial adviser to its independent directors on PT Indofood Sukses Makmur Tbk’s takeover offer. Indofood yesterday acquired a further 400,000 shares, or 0.06 per cent in China Minzhong, at $1.12 each.
        49 words
      • Article
        Lock icon Stamford Tyres Q1 net plunges 94% to $418,000
        48 12 STAMFORD Tyres posted a net profit of $418,000, down 94 per cent, for 1QFY14. Revenue eased 7.5 per cent. Share of joint-venture results was a negative $361,000 against a positive $11.5 million a year earlier mainly from a disposal gain.
        48 words
    • Article, Illustration
      Lock icon AirAsia X in talks to secure yen funds for fleet expansion
      504 12 Bloomberg Seoul AIRASIA X, the long-haul budget carrier owned by AirAsia, is looking to raise yen-denominated funds for the first time as it prepares to take delivery of seven aircraft next year. The company is in talks with Japanese
      Bloomberg; PHOTO: BLOOMBERG  -  504 words
    • Article
      Lock icon TOP 20 ACTIVES
      160 12 VOL CLOSE YHM 1 89,965 4 5 0.2 4.3 M i rach Energy 1 71,520 50 1.0 2.0 New Wave 1 61,927 1 9 0.1 5.6 A l bedo 1 40,824 5 0.1 2.0 TopGlobal 1 14,200 1 0.0 0.0 Oakwe l l Engg 1 05,715 9
      160 words
    • Article
      Lock icon STI STOCKS
      109 12 Stock name Close Change CapMallsAsia 1.845 +0.030 CapitaLand 2.960 -0.010 CapitaMall 1.850 CityDev 9.910 ComfortDelGro 1.855 -0.010 DBS Grp 16.19 +0.090 GLP 2.750 Genting SP 1.335 +0.005 Golden Agri 0.560 +0.010 HK Land 6.300 -0.090 HPH Trust US$ 0.735 +0.005 JMH 53.00 JSH 32.17 -0.240 Jardine C&C 33.30
      109 words
    • Article
      Lock icon TOP GAINERS
      62 12 BY CENTS CLOSE UP DBXT Nifty 10US$ 8790 115.1 1.0 DBXT FTVietnam 10US$ 2206 33.2 1.2 Keppel Corp 1036 22.0 2.2 Jardine C&C 3330 21.0 0.6 APStrategic 39 20.4 109.7 Hyflux 6% CPS 10 ***** 20.0 0.2 SIA 200 981 20.0 2.1 IS MS India 100US$ 515 17.9
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    • Article
      Lock icon TOP LOSERS
      57 12 BY CENTS CLOSEDOWN GLD 10US$ ***** -249.3 -1.5 JSH 3217 -30.7 -0.7 STXPO 100 318 -20.0 -5.9 IS ASIA HYG100US$ 1020 -14.1 -1.1 IS Asia BND 100US 961 -14.1 -1.1 HK Land 630 -11.5 -1.4 UOB 2006 -10.0 -0.5 DBXT MSTHAI 10US$ 1816 -7.7 -0.3 SuperGroup 437 -7.0
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    • Article, Illustration
      Lock icon Airline share prices down 6% in August
      573 13  -  Drop is in response to higher crude oil and jet fuel prices, says Iata By Nisha Ramchandani nishar@sph.com.sg Singapore GLOBAL airline share prices slumped over 6 per cent month on month in August, representing a sharper drop than the broader market, as markets
      PHOTO: AP  -  573 words
    • Article
      Lock icon Malaysia Airports raises RM500m in sukuk for budget terminal
      153 13 Reuters Kuala Lumpur MALAYSIA Airports Holdings Bhd (MAHB) has sold RM500 million (S$192 million) worth of Islamic bonds, or sukuk, to raise funds for a RM4 billion terminal for budget airlines. MAHB previously said the company plans to raise RM1 billion
      Reuters  -  153 words
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      32 11 trii'J JACKPOT Estimated Draw on Mon, 9 Sep 2013 at 6.30pm For details, visit www.singaporepools.com.sg Ip yA Always play with care. [responsibly! Do not bet illegally. RGB Reg No: *****0202G SINGAPORE m
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  • Page 13 Advertisements
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      158 13 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LAND ISKANDAR MALAYSIA FOR SALE BYTENDER Freehold fronting Masai-Kong Kong main road Excellent location within Iskandar Malaysia 20 minutes drive to Johor Bahru Town Centre via Eastern Coastal Highway Total land area about 193 hectares (478 acres) Rare big parcels of development
      158 words
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  • SINGAPORE
    • Article
      Lock icon Push for more locals in maritime jobs
      631 14  -  Minister says demand for skilled manpower will continue to rise as sector grows and S’pore expands port facilities By Malminderjit Singh msingh@sph.com.sg SINGAPOREANS must form the core of the workforce in the maritime industry as they can benefit from the good career prospects
      631 words
    • Article
      Lock icon S’pore remains tops in Asia for IP protection
      235 14  -  By Jacquelyn Cheok jaccheok@sph.com.sg FOR the third consecutive year, Singapore has emerged as Asia’s top and the world’s second country in terms of intellectual property (IP) protection, said the Intellectual Property Office of Singapore (IPOS) yesterday. The findings were drawn from the
      235 words
    • Article, Illustration
      Lock icon Citi raises over $547,000 for ChildAid
      536 14 MORE than 130 of Citi’s senior managers and partners teed off at Tanah Merah Country Club’s (TMCC) Garden Course to raise over $547,000 for underprivileged children yesterday. The funds go towards ChildAid, a charity concert in aid of The Straits Times School Pocket Money
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  536 words
    • Article
      Lock icon More CEOs spearheading digital initiatives
      809 16  -  Despite their support and direction, not all firms are successful in transition into digital enterprise, survey shows By Vivien Shiao vshiao@sph.com.sg MORE top executives are coming on board to shape and drive digital strategy as businesses realise its importance. A recent survey by McKinsey Global
      809 words
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      217 15 Best of Both Worlds ‘•'TT""" iSsF l«« i =>=• THE BUSINESS TIMES 19-20 The Business Times L -K THE BUSINESS TIMES DUE buys tallest bu.Vi'x, Cqn m Lffy U. Midget giveaways JA St CHINESE VICE ZONE VISITED ON LAOS POPIAH KING < m f The Business Times AIMn-One Package and
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      Lock icon Page 16 Advertisements Column 1
      55 16 The Finder Singapore DOWNLOAD TODAY! IT’S FREE I www.TheFinder.com.sg grinder SHOPPING RESTAURANTS FURNITURE TRAVEL WELLNESS 6 COOL HILLTOP RETREATS GET QUIRKY KIDS'LABELS ON A BUDGET FREE HEALTH BEAUTY MAG look who’: IT'S SHOWTIME of the office and onto the stage.,. FREE DOWNLOAD Available on the App store P* Google play
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      Lock icon Page 16 Advertisements Column 2
      69 16 HWM GADGETS Fresh Gear, Great Deals! HWM GADGETS FRESH GEAR, GREAT DEALS! ISSUE 03. S SEPTEMBER 20U i I THIS WEEK: TECH SHOW BUYING GUIDE DOTAL CAMERAS •HEADPHONES •MOBILE ACCESSORIES NETWORKING b MORE... HWM Gadgets is a brand new mobile companion to HWM, Singapore's authoritative consumer electronics magazine. Stay up-to-date
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Building the Singapore of the future
      742 17  -  With careful planning and a willingness to explore new technologies, we may be able to elevate the level of quality of building infrastructure that Singaporeans are used to. FROM THE DESK OF Patrick Blethon President, Pacific Asia Area Otis Elevator Company AFTER Singapore has
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  • WORLD
    • Article, Illustration
      Lock icon Indonesia’s reserves near multi-year low
      433 18 They remain sufficient to face balance of payments volatility: central bank Bloomberg Jakarta RESERVES held near a more than two-year low in August, limiting the central bank’s capacity to shore up the declining rupiah as it pursues bilateral swap agreements with regional counterparts. The country’s
      Bloomberg; PHOTO: AFP  -  433 words
    • Briefing
      • Article
        Lock icon Goldman talking to GIC, Blackstone on stake sale
        110 18 Bloomberg LondonGoldman Sachs is in talks to sell a majority stake in its European insurance business to Singapore’s GIC and Blackstone Group, according to a person with knowledge of the transaction. Both GIC, Singapore’s sovereign wealth fund, and Blackstone, the world’s biggest
        Bloomberg  -  110 words
      • Article
        Lock icon Yuan enters top 10 list of most traded currencies
        81 18 AP Hong Kong China’s yuan has joined the ranks of the most traded currencies for the first time, underlining the growing might of the world’s second-largest economy. The yuan became one of the top 10 traded currencies in 2013, rising to
        AP  -  81 words
      • Article
        Lock icon India mulls over raising diesel prices
        118 18 Reuters New Delhi India may announce more measures to curb fuel consumption later this month and raise diesel prices by close to 10 per cent soon in a bid to cut the biggest item in its import bill and support the rupee, government officials
        Reuters  -  118 words
      • Article
        Lock icon MAS, AirAsia fined RM10 million each
        63 18 AFP Kuala Lumpur Malaysian authorities yesterday fined Malaysia Airlines (MAS) and AirAsia for anti-competi-tive conduct during a short-lived tie-up. The Malaysia Competition Commission said in a statement that the country’s two dominant carriers would each have to pay a RM10 million (S$3.9 million) penalty
        AFP  -  63 words
      • Article
        Lock icon Govt promises Thai rubber farmers higher prices
        96 18 Reuters Bangkok Thailand’s government said yesterday that it had reached a deal with most rubber farmers in the country’s south demanding greater state support for rubber prices, signalling a potential breakthrough in a two-week-long protest. Thawat Boonfueng, deputy secretary-general to the prime minister,
        Reuters  -  96 words
    • Article
      Lock icon China FTZ a threat to HK: analysts
      747 19 Free-zone plans reveal Beijing’s largescale push to create a new global hub AFP Hong Kong HONG Kong’s status as a financial powerhouse is under threat, analysts say, after plans for China’s first free-trade zone (FTZ) revealed a large-scale push to create a new
      AFP  -  747 words
    • Article, Illustration
      Lock icon M’sia risk tops Philippines on Najib budget gap
      659 20 Malaysia deemed more vulnerable to capital outflows than some of its regional peers Bloomberg Kuala Lumpur MALAYSIA’S default risk climbed above that of the Philippines for the first time as Prime Minister Najib Razak seeks to avoid a debt-rating cut, while his
      Bloomberg; PHOTO: BLOOMBERG  -  659 words
    • Article
      Lock icon Central bank’s efforts to lower the Aussie backfire
      546 20 Reuters Sydney THE Australian central bank’s attempts to talk down its currency have backfired as markets have pushed up both borrowing costs and the dollar on the view that its easing cycle may be over. The Reserve Bank of Australia (RBA) would
      Reuters  -  546 words
    • Article
      Lock icon India’s business leaders eyeing Narendra Modi as next PM
      367 20 Reuters New Delhi NEARLY three-quarters of Indian business leaders believe the government has mismanaged the economy and want opposition leader Narendra Modi to lead the country after an election due by May next year, according to a poll published yesterday. With
      Reuters  -  367 words
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      271 18 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
      271 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8186 21 Transaction date: Sep 6 Transaction date: Sep 6 Transaction date: Sep 6 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 12.3 12 10.6 0.9 10.2 58.9 8.8 3.1 A-Sonic 6.3
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    • Article
      Lock icon SGX CATALIST
      1856 24 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 $mil 27.5 17.1 t 800 Super 25.5 +1 977 26 24.5 25 25.5 3.2 3.9 7.9 45.6 6.2 2.8 t AA Grp 4.5 3.3 225 4.3
      1,856 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 2 0 0 0 9 3 2 Manufacturing 56 44 41 4 6 14 60 50 55 Commerce 18 23 23 6 3 0 24 26 23 Tpt/Stor/Comms 20 12 8
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      787 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 2 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Cordlife 5-Sep-13 Yee Pinh Jeremy Buy 20 1.32 1671 0.72 1691 0.73 Mewah Int'l 5-Sep-13 Cheo Tong
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,700 41,700 84,248 84,248 Manufacturing 297,023 62,939 359,962 147,324 7,473 154,798 Commerce 128,219 314,603 442,822 88,327 21,824 110,151 Tpt/Stor/Comms 118,835 16,512 135,347 128,520 7,264 135,784 Finance 31,401 740 32,141 100,428 293 100,722 Construction 304,946 196,212
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Sep 5 COCOA (£/tonne) Close Prev High Low Sep 13 1715 1657 1717 1655 Dec 13 1704 1654 1706 1652 Mar 14 1684 1638 1685 1637 May 14 1682 1635 1683 1632 COFFEE(US$/tonne) Close Prev High Low Sep 13 1735 1762 1769 1733 Nov 13 1760 1778 1781 1752
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    • Article
      Lock icon METALS
      65 25 Sep 6 GOLD(US$/oz) Sep 06 Sep 05 Hong Kong 1377.00 1393.00 Sep 05 Sep 04 London 1369.16 1390.90 1370.16 1391.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 30.15 29.36 Source: UOB PLATINUM Lon (US$/oz) Sep 05 Close Previous PM Fix 1487.00 1496.00 AM Fix 1495.00 1529.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Sep 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2412.0 2432.0 2420.0 2411.0 246 1631 Oct 13 2419.0 2447.0 2462.0 2419.0 1502 ***** Nov 13 2416.0 2444.0 2461.0 2414.0 ***** ***** Dec 13 2413.0 2444.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 25 Sep 6 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 99.98 5-Year N*****0T 0.5 01-Apr-18 96.84
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Sep 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1690 1.1698 0.9143 0.9146 Canadian dollar 1.2219 1.2224 0.9557 0.9557 Euro 1.6779 1.6787 1.3123 1.3125 NZ dollar 1.0151 1.0157 0.7939 0.7941 Sterling pound 1.9937 1.9949 1.5593 1.5597
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Sep 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.241 1.194 Euro 1.717 1.636 Sterling pound 2.032 1.954 NZ dollar 1.033 0.994 US dollar 1.306 1.244 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon CHICAGO BOT
      104 25 Sep 5 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 13 1423.00 1397.75 1423.75 1380.25 Nov 13 1367.50 1352.50 1368.50 1335.00 Jan 14 1364.25 1351.00 1365.00 1333.50 Mar 14 1343.75 1332.50 1345.25 1314.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 13 43.19 43.56 43.63 43.07
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 25
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      Lock icon OIL
      68 25 Sep 05 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 113.87 0.23 WTI (Near Mth) 108.36 1.26 Dubai (1-Mth F) 108.95 0.39 Tapis blend 123.21 0.35 Minas 114.61 0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.33 -0.28 Jet Kerosene 126.56 -0.19 US$/barrel OpecOil Basket Price 111.47
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      Lock icon LONDON METALS
      72 25 Sep 05 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1751.05 1741.75 3 months 1798.00 1789.50 Copper, Grade A (US$/tonne) Cash 7079.25 7095.00 3 months 7108.00 7124.00 Lead (US$/tonne) Cash 2109.50 2128.00 3 months 2124.00 2142.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 5 Index Change Change Change Change Change Change World Preliminary 1078.5 0.4 15.0 0.7 17.4 0.1 11.9 EAFE Preliminary 885.9 0.5 14.4 0.5 13.3 0.0 8.0 Europe Preliminary 1264.2 0.7 10.2
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  • PERSPECTIVE
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      Lock icon Strategy and making choices
      1064 26 / 27  -  Vision, mission and planning are essential elements of strategy, a relatively new field in management which is often misunderstood. By Prasad Padman By Prasad Padman Recently, i walked into a clinic for a dental appointment. While I was waiting for my turn, I was browsing the
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  • Page 26 / 27 Miscellaneous
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      327 26 / 27 SATURDAY with Ludwig ‘I regret that your services are no longer needed, Mr Tan you have been replaced by a smart watch.’ CRYPTIC CROSSWORD Across 1 Profligate poet? (7) 5 It grows in snowy Chelmsford (4-3) 9 Initially a zone that excludes children of American Indians (5) 10 Silence from
      327 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Not quite deja vu – but beware still
        1630 28 / 29  - Not quite deja vu but beware still While Asian and other emerging markets are stronger now, some of them are still subject to serious vulnerabilities WEALTH INSIGHTS Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and chief economist at AMP Capital THE past week or so
        PHOTO: AFP; Source: Bloomberg, JP Morgan, AMP Capital; Source: IMF, AMP Capital  -  1,630 words
      • BROKERS’ TAKE
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          Lock icon Small caps
          262 28 / 29 CIMB Research Sept 5 FEAR of rising interest rates, weak currencies, economic uncertainties and the return of “risk-off” sentiments in the equity markets will limit small-cap performance in H2 2013. But the small caps under our coverage have the balance sheet strength to ride out this storm. The
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          Lock icon CapitaMalls Asia
          356 28 / 29  -  Compiled by Cai Haoxiang Buy Maybank Kim Eng Research Sept 6 Sept 6 close: S$1.845 CAPITAMALLS Asia’s (CMA) share price may have corrected by 11 per cent since Ben Bernanke’s Congressional Testimony on May 22, but we see this as an excellent buying opportunity for the stock. In
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    • WEALTH REAL ESTATE
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        Lock icon HK Land eyeing more commercial plots
        760 30 Executive director sees sufficient demand in the Marina Bay district Bloo mberg Singapore HONGKONG Land Holdings, which owns a stake in the biggest developer of Singapore’s new financial centre, will seek more commercial plots in the islandstate as tenants seek to upgrade to new
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        Lock icon Househunt
        381 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 7 AND AUG 13, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 8 NON-LANDED Le Somme Apt 07/08/2013 FH 1012 1121 1107 District 9 NON-LANDED Kimsia Court Apt 12/08/2013
        381 words
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        Lock icon TripleOne Somerset sale in advanced negotiations
        405 31  -  Price may be about $980m; Perennial said to be in due diligence By Kalpana Rashiwala kalpana@sph.com.sg Singapore TRIPLEONE Somerset formerly known as the Singapore Power Building is in advanced stages of negotiations for a sale. BT understands the price tag could be around $980
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      • Article
        Lock icon August UK home prices up again
        179 31 AFP London BRITISH house prices rose in August for the seventh month in a row, as buyers returned to the market with the help of govern-ment-backed schemes. Prices rose by 0.4 per cent in August from July, according to data covering all categories of
        AFP  -  179 words
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        Lock icon About 80 units sold at Glades, 35 at Skywoods
        360 31  -  By Kalpana Rashiwala kalpana@sph.com.sg Singapore TWO 99-year private residential projects where sales bookings began yesterday saw somewhat different outcomes. Keppel Land is understood to have sold about 80 units at The Glades condo next to Tanah Merah MRT Station yesterday. The
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      65 28 / 29 Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information
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      157 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX, THE JURA. FOR MILLENIA, A HARSH, UNYIELDING ENVIRONMENT A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE EXISTENCE A SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE
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      63 1 LivingBTTHE BUSINESS TIMES WEEKEND SEPTEMBER 7-8, 2013 HEIRS APPARENT Five families in the furniture business take their trade into the next generation L2-5 BT WINE CHALLENGE Viva Espana! L10-11 DINING MAD about guts L6-7 GADGETS 4K then, UHD now L12 BT CORPORATE GOLF LEAGUE Moving into the second half L13
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  • BT Living
    • DESIGN
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        Lock icon HEIRS APPARENT
        3374 2 / 3  -  Five families in the furniture business look set to take their trade into the next generation. By Tay Suan Chiang taysc@sph.com.sg SCANTEAK JAMIE Lim didn’t know it then, but her parents had been quietly drilling her in customer service skills since she was a child. At the time,
        PORTRAIT BY YEN MENG JIIN; PORTRAIT BY JOSEPH NAIR  -  3,374 words
    • DINING
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        Lock icon On guts and glory
        1104 6 / 7  -  Superchef Rene Redzepi’s food symposium tackles the modern day food chain with boldness and gusto. By Geoffrey Eu By Geoffrey Eu GUTS in every sense of the word were on display in Copenhagen two weekends ago at MAD, the independent, irreverent and influential food symposium founded
        PHOTOS BY GEOFFREY EU  -  1,104 words
      • Article
        Lock icon wine&dine
        1086 6 / 7 with BTWeekend Peach Blossoms Marina Mandarin, Singapore Level 5 6 Raffles Boulevard Z6845 1118 Traditional Mooncakes Aug 12 to Sept 19 Peach Blossoms At Marina Mandarin Singapore presents the traditional baked White Lotus collection of Pine Nuts, Mini Yolks, and 8 Treasures with the unique pairing of specialty tea.
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        Lock icon Dedicated to pastry
        2074 8 / 9  -  BT Weekend susses out three new shops selling bread and pastry that will surely raise the bar for all existing bakeries here By Debbie Yong debyong@sph.com.sg By Rachel Loi rachloi@sph.com.sg Live by bread alone Artisan Boulangerie Compagnie 118 Killiney Road #01-01 Z6444 8130 Hours: 8am-10pm daily IF
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    • BT WINE CHALLENGE 2013
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        Lock icon Viva España
        1369 10 / 11  -  The fifth write-up in the series examines Spain’s long-lived reds. By June Lee By June Lee SPAIN is traditionally one of the three largest producing and exporting wine countries in Europe, after Italy and France. It has more hectares under vine than any other country in the world:
        1,369 words
    • GADGETS
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        Lock icon 4K then, UHD now
        752 12  -  Call it what you like, the latest ultra high-definition TVs take viewers to a new experiential level. By Vivien Shiao By Vivien Shiao vshiao@sph.com.sg Miniaturisation may be all the rage for wearable gadgets, but televisions have always put a premium on size. The arrival of the
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    • BT CORPORATE GOLF LEAGUE 2013
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        Lock icon Moving into the second half
        309 13  -  A closer look at the venue for the League’s 4th round and two of the teams in the fray. By Justine Moss btnews@sph.com.sg WHEN the fourth round of The Business Times Corporate Golf League tees off next week, it will take place on the stunning
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        Lock icon Improving with each round
        336 13 TEAM KPMG TEAM KPMG have played in all four BT Corporate Golf Leagues and are a strong supporter of the annual event. “Any opportunity for a game of golf is a welcoming distraction from our professional life, especially as an opportunity to unwind in the great
        336 words
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        Lock icon Showcasing spirit and skills
        375 13 TEAM SUNTEC THIS is Team Suntec’s second year participating in the BT Corporate Golf League and they have particularly enjoyed the friendships made and meeting people from different trades and industries. “Backed by a dedicated group of passionate enthusiasts, Team Suntec is all about creating opportunities
        375 words
    • MOTORING
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        Lock icon Yesterday once more
        613 14  -  The Indonesian-made Toyota Avanza is a mini MPV that is functional and affordable but otherwise basic. By Samuel Ee By Samuel Ee TOYOTA was inspired by the Italian word for “advanced” to name its mini MPV the Avanza but whether you agree or not depends on where
        613 words
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        Lock icon High-tech and high-Class
        718 15  -  As expected, the latest Mercedes-Benz S-Class is launched with a suite of new safety technologies. By Samuel Ee samuelee@sph.com.sg MERCEDES-BENZ has always prided itself as being at the forefront of automotive safety, so it is no surprise that the launch of its flagship S-Class limousine is accompanied
        718 words
    • HEALTH
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        Lock icon Effects of testosterone treatment
        867 16  -  Is it safe for men with low testosterone levels to take hormonal supplements? Michael Lim IT was not too long ago that all women who became menopausal were routinely given hormone replacement treatment as it seemed logical to supplement the body with female hormones that were
        FILE PHOTO  -  867 words
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      84 10 / 11 The inaugural The Business Times Wine Challenge 2013, in partnership with UBS, has uncovered the top 50 wines available in Singapore. They were shortlisted from 150 submissions, and will be unveiled weekly in these pages. A unique buyer’s guide to the top 50 wines, reflecting the palate of Singapore’s business
      84 words
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      64 16 ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group); chairman, scientific advisory board, Asia Pacific Heart Association; and honorary professor and senior medical adviser, Peking University Heart Centre This series is brought
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