The Business Times, 14 September 2013

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Total Pages: 39
1 16 The Business Times
  • 19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 14-15, 2013 S$1 .00 MCI (P) 086/O8/2013 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 32 1 JOB GROWTH THE labour market is likely to stay tight for the rest of the year, as the government continues reducing the inflow of foreign workers. 2
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  • 31 1 CHINA REFORMS CHINESE Premier Li Keqiang has expended vast amounts of energy to convince his audiences how serious he is about reform and he is successful. 6
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  • 19 1 s’pore-hanoi ties SEMBCORP is building central Vietnam’s first large-scale industrial park worth US$337.82 million. 11
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  • 30 1 GOING PRIVATE MICHAEL Dell is poised to buy control of the company that bears his name, in his biggest move yet to turn it around.| 18
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  • 661 1  -  July figures down 7.8% year-on-year, sharply higher than analysts’ forecast By Nisha Ramchandani nishar@sph.com.sg Singapore RETAIL sales in July fell a sharper-than-expected 7.8 per cent compared with a year earlier, as sales of motor vehicles were hit by the implementation of
    Source: CEIC, Citi Research  -  661 words
  • 1180 1  -  KK Chua has groomed comestics firm Mary Kay to be a more than US$1 b business in Asia By Shu-Ching Jean Chen Hong Kong WHEN KK Chua left Singapore in 1985 at the age of 35, he got started on a career track that
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  • Page 1 Advertisements

  • TOP STORIES
    • MARKETS
      • 59 2 HSTI 3,120.30 (-0.78) ESTI FUTURES 3,120.00 (unch) GSIMSCI 356.53 (+0.11) HSIMSCI FUTURES 356.10 (-0.50) STOCKS Friday Change KL COMP 1,770.80 -1.60 NIKKEI 225 14,404.67 +17.40 HANG SENG 22,915.28 -38.44 SET 1,401.08 +3.18 JAKARTA 4,375.54 +18.93 MANILA 6,133.24 -62.37 KOSPI 1,994.32 -9.74 SHENZHEN B 836.42 -2.90 MUMBAI IND 19,732.76 -49.12
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.375 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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      • 48 2 US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.581 2.008 EURO(US$/S$/€ 1.329 1.688 Foreign currency per US$ S$ YEN 99.70 78.50 RM 3.288 2.588 HK$ 7.754 6.105 BAHT 31.80 25.09 RUPIAH 11,440 9,007 RENMINBI 6.117 4.816 INDIAN RUPEE 63.71 50.16 A$ 1.081 0.851 NZ$ 1.232 0.970
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    • 666 2  -  Demand for labour to rise in the festive year-end with new malls and hotels By Chuang Peck Ming peckming@sph.com.sg Singapore THE labour market is likely to stay tight for the rest of the year, as the government continues reducing the inflow of foreign
      Source: Ministry of Manpower  -  666 words
    • 640 5  -  Analysts say govt is preparing voters and markets for consumption tax hike By Anthony Rowley Tokyo A SENIOR member of Prime Minister Shinzo Abe’s cabinet yesterday denied for a second day that Mr Abe has given the go-ahead for potentially controversial tax changes.
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    • 707 6  -  Small steps have been taken and much more on greater role for markets and yuan convertibility is expected By Virginie Mangin Beijing SIX months into his new role, China’s Premier Li Keqiang has expended vast amounts of energy to convince his audiences at home and
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  • Page 2 Advertisements
    • 85 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-10 Companies 11-14 S’pore Markets 13 From the Desk Of 15 Singapore 16-17 World 18,20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Style L2-3 Dining L4-7 Wine Challenge L8-9 Home Garden L10-11 BT Corporate Golf L12-13 Motoring L14-16
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  • Page 3 Advertisements
    • 195 3 -4t L v P fcK> y The Regional Wing of Singapore Airlines L NOW FLYING TO YOGYAKARTA. AND THE FAMOUS BOROBUDUR TEMPLE. FROM 25” NOVEMBER, SILKAIR FLIES 3 TIMES WEEKLY TO YOGYAKARTA. All-in return fare from *199 Singapore to Yogyakarta Flight Day Depart Arrive MI152 Mon, Fri, Sun 0810 0930
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  • Page 4 Advertisements
    • 69 4 "5 b A A > 9 I V UTlCflL DYNAMO Follow Lee Kuan Yew through the hustings over the years in this new pictorial book with 480 photographs, including over 100 published for the first time J <UflN Bilingual in English and Chinese flUFEWfSi?!! LEE KUHN YEN H LIFE IN
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  • Page 5 Advertisements
    • 20 5 -J L r Head to CATS FASTADS in The New Paper for education options! WAT3 BUY IT-SELL IT-FIND IT CLA/Dec05/Sg
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    • 159 5 THE SOUND VISION SPECIALIST AV ONE 2013 COLLECTIONS Zik Headphone $580 Parrot Series 0 I Zikmu Now; $2,688 Zikmu Solo Now: $1,688 B i Zikmu designed by Philippe Starck Black, White, Red Available Subsidiary Company One Living BESPOKE INTERIORS Design Renovation Construction For enquiries please call: KH 8323 8787 Angela
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  • Page 7 Advertisements
    • 168 7 N EXCLUSIVE OPPORTUNITY TO SWIRL, SNIFF SAVOUR THE VERY BEST The business Times Wine (Challenge 2013 oAward Qeremony The inaugural challenge to pick the top wines was a heady success. Out of 150 wines submitted, wine professionals shortlisted 50 in blind tastings. A panel of CEO judges then picked their
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  • THE RAFFLES CONVERSATION
    • 3685 8 / 9  -  Minister for Social and Family Development Chan Chun Sing believes in staying grounded in order to help shape policies that will benefit every Singaporean. By Teh Shi Ning and Wong Wei Kong By Teh Shi Ning and Wong Wei Kong tshining@sph.com.sg weikong@sph.com.sg HE laughed when asked about
      PHOTO: ARTHUR LEE; PHOTO: MINISTRY OF SOCIAL AND FAMILY DEVELOPMENT  -  3,685 words


  • COMPANIES
    • 921 11  -  Sembcorp is lead partner in S’pore consortium in the JV located in central Vietnam By Kelly Tay kellytay@sph.com.sg in Quang Ngai UNDETERRED by the many challenges facing Vietnam’s economy, Sembcorp has once again upped its investment in the socialist republic this time by building
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    • 307 11  -  By Carine Lee carinel@sph.com.sg Singapore XMH Holdings yesterday reported a 22.7 per cent rise in net profit to $2.66 million for the fiscal first quarter ended July 31, 2013, despite a 2.4 per cent dip in revenue to $21.39 million. The diesel
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    • 398 12  -  Investment will help premium coffee and tea retailer increase number of stores in Asia By Jacquelyn Cheok jaccheok@sph.com.sg Singapore THE Coffee Bean Tea Leaf, celebrating its 50th anniversary this year, announced on Thursday that three private equity firms have jointly acquired
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    • 667 12 Reuters London COMPANIES around the world are increasingly turning to equity issuance to raise capital, a sign of growing corporate and investor confidence that could create a virtuous circle for the economy and financial markets. Both primary and secondary issuance is picking up steam, with Twitter
      Reuters; PHOTO: AFP  -  667 words
    • 391 12  -  By Ong Chor Hao ongch@sph.com.sg Singapore ENGINEERING company CSC Holdings has grown the total value of its foundation contracts in Singapore and the region to $200 million since its latest financial year began in April, after clinching two more deals.
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    • 601 13  -  STOCKS| R Sivanithy sivan@sph.com.sg Senior Correspondent THE receding worries over Syria enabled the Straits Times Index to gain 72 points, or 2.4 per cent, over the week at 3,120.30, though it was the frenetic activity in low-priced penny stocks that caught the
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    • Business briefing
      • 89 13 LOGISTICS service provider Freight Links Express Holdings reported a 45.4 per cent drop in profit attributable to owners of the company for the first quarter ended July 31, 2013, to $3.6 million from $6.6 million a year ago. This was attributed to a
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      • 77 13 SECOND-QUARTER net profit at Money Max Financial Services, which listed on the Catalist last month, plunged 87.1 per cent to $174,000 from $1.35 million last year. The bottom line was mainly hit by lower revenue, higher employee benefits and higher other expenses. For the half
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    • 111 13 Stock name Close Change CapMallsAsia 1.925 CapitaLand 3.080 -0.020 CapitaMall 1.890 +0.020 CityDev 10.23 -0.030 ComfortDelGro 1.885 DBS Grp 16.34 -0.010 GLP 2.740 -0.020 Genting SP 1.450 -0.015 Golden Agri 0.535 -0.005 HK Land 6.370 HPH Trust US$ 0.755 JMH 53.40 -0.600 JSH 32.90 -0.500 Jardine C&C 34.35
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    • 457 13 Reuters Mumbai SINGAPORE regulators have stepped up their scrutiny of some local branches of Indian banks on concerns about asset quality, three bank executives told Reuters. India’s slowest economic growth in a decade and a weakened rupee have weighed on the balance sheets
      Reuters  -  457 words
    • 184 13 VOL CLOSE Sunmoon 1 ,864,220 0 3 0.1 50.0 M Devt 602,250 1 .8 0.1 5.3 A l bedo 269,221 6 6 0.3 4 .8 YHM 257,768 4 .6 0.2 4 0.1 2 AdvanceSCT 1 80,224 0 9 0.0 0.0 TopGlobal W*****9 1 53,925 0 4 0.1
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    • 60 13 BY CENTS CLOSE UP DBXT MSUSA 10US$ 4172 109.2 2.1 Lyxor US DJIA 10 US$ 1563 74.9 3.9 DBXT MSMSIA 10US$ 1430 72.4 4.2 DBXT S&P500 10US$ 2766 61.0 1.8 SIA 200 1024 24.0 2.4 SIA 1025 21.0 2.1 UOB 2081 21.0 1.0 Ezra 126 20.0 18.9 IS
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    • 61 13 BY CENTS CLOSEDOWN GLD 10US$ ***** -342.9 -2.1 DBXT Nifty 10US$ 9278 -232.4 -1.9 JMH 5340 -76.2 -1.1 JSH 3290 -63.5 -1.5 DBXT FTChina25 10US$ 2972 -50.8 -1.3 DBXT AUD Bonds 5AU$ ***** -49.3 -0.2 SPDRS S&P 500 10US$ ***** -38.1 -0.2 Jardine C&C 3435 -34.0 -1.0 Lyxor
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    • 418 14  -  Deal, at 18 cents a share, triggers general offer for the remaining interest at the same price By Vivien Shiao vshiao@sph.com.sg Singapore SINGAPOREAN Ho Kwok Wai has entered into a deal to acquire 90.4 million shares, or a stake of 73.86 per cent,
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    • 293 14  -  By Carine Lee carinel@sph.com.sg Singapore TEMASEK Holdings has appointed Wu Yibing as senior managing director, and head for China, with effect from Oct 1. Dr Wu, the current chairman and chief executive of Goldstone Investment Co Ltd, the direct investment arm of China’s Citic
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  • Page 14 Advertisements
    • 159 14 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LAND ISKANDAR MALAYSIA FOR SALE BY TENDER 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
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  • FROM THE DESK OF
    • 898 15  -  As temperatures around the world rise, saving energy has become a big challenge for governments and businesses FROM THE DESK OF Sarah Montgomery Director of Business Development, Asia-Pacific, Opower THERE is no denying that the world’s energy demands are on the rise. The International Energy
      898 words

  • SINGAPORE
    • 457 16  -  Prime Minister describes his third official visit to Vietnam as ‘fruitful’ By Kelly Tay in Quang Ngai kellytay@sph.com.sg SINGAPORE may already be Vietnam’s second-larg-est investor, but Prime Minister Lee Hsien Loong says companies can do more to tap the emerging market’s expanding
      PHOTO: AFP  -  457 words
    • 87 16 Reuters Hong Kong SINGAPORE sovereign investor Temasek Holdings plans to sell a stake worth up to US$185 million in Youku Tudou Inc, winding up its investment in the online video company, IFR reported yesterday, citing a term sheet of the transaction. Temasek, through its affiliate
      Reuters  -  87 words
    • 608 17  -  Study of 40 green-retrofitted commercial buildings finds savings of $24m a year By Mindy Tan tanmindy@sph.com.sg A STUDY of 40 commercial buildings in Singapore that have undergone green retrofitting has shown total savings of $24 million a year, said the Building and Construction
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    • 470 17  -  By Ronnie Lim ronnie@sph.com.sg THE advent of cheaper natural gas from US shale projects is likely to see a moderation in Asian LNG prices, but US gas prices will also rise correspondingly, said an International Energy Agency (IEA) official in Singapore. Laszlo
      PHOTO: REUTERS  -  470 words
    • 406 17  -  By Chen Huifen xuifen@sph.com.sg SINGAPORE and Hong Kong have the region’s highest smartphone penetration rate of 87 per cent, and with tablet ownership growing as well, it is becoming more critical for companies to engage consumers through such mobile platforms, says
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  • Page 16 Advertisements
    • 874 16 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF See Hoy Chan Equities Pte. Ltd. (Incorporated in Singapore) (In Members’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of the above-named
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  • WORLD
    • 328 18 Reuters Geneva DEVELOPING and former communist countries such as Brazil and Russia are heading for much faster growth this year than the developed world, the United Nations said, meaning they will remain the main drivers of the world economy. The
      Reuters  -  328 words
    • 754 18 Victory for him comes a day after S&P cuts tech giant’s credit rating to junk status NYT Round Rock, Texas AFTER months of hurdles, Michael Dell is finally poised to buy full control of the company that bears his name, in his
      NYT; PHOTO: AP  -  754 words
    • 315 18 Weak tax revenue challenges new president’s 2014 budget Reuters Seoul SOUTH Korea said it faces a 2013 revenue shortfall of up to eight trillion won (S$9.34 billion), a challenge for President Park Geunhye’s administration as it prepares to submit its first full-year
      Reuters  -  315 words
    • 402 20 Poor income growth, higher taxes restrain consumers LATEST US DATA Bloomberg Washington RETAIL sales in the US rose less than forecast in August as the biggest part of the economy struggled to gain momentum. The 0.2 per cent increase was the smallest
      Bloomberg; PHOTO: BLOOMBERG  -  402 words
    • Briefing

  • Page 19 Advertisements
    • 71 19 Knowing your legal rights makes all the difference in your investment Buying property can be a stressful and complicated process. STProperty understands that and tries to keep it as simple straightforward as possible. For more information on legal matters, visit www.stproperty.sg/Legal ■f STProperty.SG STPropertySG Available on the AppStore A product
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  • Page 20 Advertisements
    • 177 20 THE BUSINESS TIMES SATURDAY SPECIAL Enjoy an All-you-can-eat Dinner at 30% off ($33++ per person before discount) Venue: Open House, Grand Park Orchard, 270 Orchard Road, Singapore *****7 Tel: 6603 8855 Email: fnb.gpor@parkhotelgroup.com Website: parkhotelgroup.com/orchard Terms Conditions: Promotion valid from 14 September to 30 November 2013, Mondays to Fridays Minimum
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  • SGX
    • 8184 21 Transaction date: Sep 13 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.9 8Telecom 12.9 12.1 14.5 10.6 0.9 10.7 61.8 20 3.1 A-Sonic 14.5 +0.1 ***** 15.1 14.4 14.4 14.5 0.9
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    • 1965 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 $mil 27.5 17.1 t 800 Super 26.5 unch 1300 26.5 25 26 26.5 3.2 3.8 8.3 47.4 6.2 2.8 t AA Grp 4.5 3.3 5.5 225
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 1 0 0 0 7 6 1 Manufacturing 44 63 39 6 18 8 50 81 47 Commerce 19 21 24 2 10 3 21 31 27 Tpt/Stor/Comms 12 17 11
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    • 779 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 9 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Cache Logistics 12-Sep-13 Lim Hwee Chiang *Sell 189 1.16 ***** 1.82 ***** 1.80 Cache Logistics 11-Sep-13 Lim
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    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 53,838 53,838 69,593 69,593 Manufacturing 550,780 76,205 626,985 187,635 3,047 190,683 Commerce 2,050,855 374,700 2,425,555 129,170 25,354 154,523 Tpt/Stor/Comms 247,738 17,621 265,359 300,725 7,159 307,884 Finance 154,667 4,122 158,789 165,775 1,870 167,645 Construction 384,927 305,293
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  • MARKETS
    • 94 25 Sep 12 COCOA (£/tonne) Close Prev High Low Sep 13 1709 1699 1710 1686 Dec 13 1695 1684 1696 1670 Mar 14 1676 1666 1677 1652 May 14 1672 1664 1675 1650 COFFEE(US$/tonne) Close Prev High Low Sep 13 1728 1747 1743 1721 Nov 13 1753 1769 1774 1745
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    • 65 25 Sep 13 GOLD(US$/oz) Sep 12 Sep 13 Hong Kong 1352.00 1321.00 Sep 11 Sep 12 London 1362.60 1330.76 1363.42 1331.53 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 28.17 27.39 Source: UOB PLATINUM Lon (US$/oz) Sep 12 Close Previous PM Fix 1444.00 1477.00 AM Fix 1461.00 1482.00 Source:
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    • 118 25 Sep 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.202 1.145 Can dollar 1.252 1.204 Euro 1.726 1.644 Sterling pound 2.042 1.964 NZ dollar 1.056 1.016 US dollar 1.295 1.234 Local dollars to 100 units of foreign currency: Currencies Sell
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    • STOCK MARKETS
      • 20 25 YTD change: -1.48% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,931.60 on Nov 16,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • 20 25 YTD change: +1.14% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • 26 25 YTD change: +16.76% 52-week high: 15,658.43 on Aug 2,2013 52-week low: 12,471.49 on Nov 16,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
      • 22 25 YTD change: -1.45% 52-week high: 2,444.80 on Feb 18, 2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  22 words
      • Article, Illustration
        20 25 Source: Bloomberg YTD change: +38.57% 52-week high: 15,942.60 on May 23, 2013 52-week low: 8,488.14 on Oct 15,2012
        Source: Bloomberg  -  20 words
    • 53 25 Sep 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2360.0 751 Oct 13 2356.0 2360.0 2365.0 2320.0 801 ***** Nov 13 2346.0 2348.0 2361.0 2306.0 ***** ***** Dec 13 2340.0 2346.0 2355.0 2305.0 7614 *****
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    • 90 25 Sep 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****E 07-Mar-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100 5-Year N*****0T 0.5 01-Apr-18 97.58
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    • 155 25 Sep 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1741 1.1748 0.9245 0.9249 Canadian dollar 1.2280 1.2289 0.9675 0.9669 Euro 1.6881 1.6886 1.3292 1.3294 NZ dollar 1.0306 1.0314 0.8115 0.8120 Sterling pound 2.0079 2.0086 1.5810 1.5813
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    • 104 25 Sep 12 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 13 1442.00 1405.25 1440.00 1385.00 Nov 13 1396.00 1358.25 1398.75 1341.25 Jan 14 1393.50 1358.00 1396.00 1340.75 Mar 14 1365.25 1340.50 1367.25 1321.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Sep 13 42.69 42.65 42.70 42.70
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    • 68 25 Sep 12 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.42 0.72 WTI (Near Mth) 108.74 1.15 Dubai (1-Mth F) 106.68 -0.15 Tapis blend 119.62 -0.65 Minas 111.42 -0.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.50 -0.50 Jet Kerosene 124.36 0.20 US$/barrel OpecOil Basket Price 109.83
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    • 72 25 Sep 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1766.25 1755.25 3 months 1812.00 1803.00 Copper, Grade A (US$/tonne) Cash 7028.40 7136.75 3 months 7060.00 7170.00 Lead (US$/tonne) Cash 2097.00 2101.00 3 months 2120.00 2125.00 Nickel (US$/tonne) Close Previous Cash *****.25 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 12 Index Change Change Change Change Change Change World Preliminary 1097.1 -0.2 16.9 -0.2 18.9 -0.1 14.6 EAFE Preliminary 902.5 -0.1 16.5 0.0 15.8 0.1 11.6 Europe Preliminary 1287.6 -0.1 12.2
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  • PERSPECTIVE
    • 1110 26 / 27  -  Singapore, 30th in the ‘happiest nation in the world’ list, can learn a few things on how to be happier from top-ranked Denmark. By Avi Liran By Avi Liran ~The writer is the co-founder of the “Joy-Care Leadership” programme, which helps organisations to plan and
      PHOTO: AFP  -  1,110 words
  • Page 26 / 27 Miscellaneous
    • 307 26 / 27 SATURDAY with Ludwig ‘Due to lack of sponsors, we replaced them all with bumper stickers.’ CRYPTIC CROSSWORD Across 1 Looking round for a letter (8) 6 Vessel showing nationality? (6) 9 Passed shuffled cards (6) 10 A course for non-drivers (8) 11 State carriage for a queen (8) 12 Sally
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  • Wealth
    • WEALTH INVESTING
      • 1120 28 / 29  -  Fund managers and strategists dismiss the notion of another Asian financial crisis and urge investors to look beyond the volatility Genevieve Cua gen@sph.com.sg Personal Finance Editor ASIAN and emerging market equities are an unloved asset class at the mom e n t managers and strab
        PHOTO: AP  -  1,120 words
      • 728 28 / 29  -  Compiled by Kenneth Lim See Hup Seng Potential gem Voyage Research Sept 13 Close: $0.31 SEE Hup Seng Limited (SHS) caught our attention following its announced acquisition of Hetat Pte Ltd (Hetat). The inclusion of Hetat provides SHS the opportunity to strengthen their corrosion prevention (CP) services and
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    • WEALTH REAL ESTATE
      • 624 30 It plans to use proceeds from offering, largest for a lodging company, to pay down debt Bloomberg Seattle HILTON Worldwide Holdings Inc, the hotel operator owned by Blackstone Group LP, filed to raise US$1.25 billion in a US initial public offering (IPO) as lodging
        Bloomberg; PHOTO: REUTERS  -  624 words
      • 499 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 14 AND AUG 20, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Meraprime Apt 17/08/2013 99 1173 1760 1500 District 4 NON-LANDED Reflections At Keppel Bay Apt
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      • 755 31 Unprecedented demand could help drive prices up by as much as 10% in the next year, says estate agent Bloomberg Sydney HOME prices in Sydney could rise by as much as 10 per cent over the next 12 months, driven in part by unprecedented
        Bloomberg  -  755 words
      • 785 31 AFP Hong Kong AS one of the world’s most densely populated cities, Hong Kong is searching for more space to house thousands priced out of its sky-high property market raising fears for its cherished nature reserves. A minister’s suggestion this week that developing
        AFP; PHOTO: AFP  -  785 words



  • Page 32 Advertisements
    • 135 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1 986, AUDEMARS PIGUET BECAME THE FIRST WATCHMAKER TO FEATURE A TOURBILLON IN AN AUTOMATIC WRIST WATCH. TODAY THE TRADITION TOURBILLON REPETITION MINUTE IS OUR LATEST EXPRESSION OF THIS PIONEERING SPIRIT. THE TOURBILLON COUNTERACTS THE EFFECT OF GRAVITY ON THE
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  • Page 1 Advertisements
    • 69 1 LivingBTTHE BUSINESS TIMES WEEKEND SEPTEMBER 14 15 2013 CRAFT PUNKS IN ASIA A new breed of accessories designer ditches traditional notions of luxury for the artisanal edge L2-3 PHOTO: SALUT DE MIEL BT WINE CHALLENGE The riches of Bourgogne L8-9 GOLF BT Corporate Golf League’s fifth round L12-13 DINING Over-the-moon
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  • BT Living
    • STYLE
      • Article, Illustration
        1736 2 / 3  -  Fashion accessories embody stealth chic by sidestepping traditional notions of luxury and painstakingly handcrafted by designers based in Asia. By May Yip By May Yip btnews@sph.com.sg STOW away your Collier de Chien, Monogram tote and CC signature brooch. Today’s accessories designers employ the art of bricolage where each
        below).PHOTOS: JEWEL ROCKS; PHOTO: DESTI SAINT; PHOTOS: FOREWORD; PHOTOS: SALUT DE MIEL; PHOTOS: MAH COLLECTION  -  1,736 words
    • DINING
      • Article, Illustration
        1637 4 / 5  -  Mooncakes arrived in Singapore with the early Chinese immigrants, with each dialect group having its own version. By David Yip By David Yip btnews@sph.com.sg IT’S perhaps a good thing that we’re not living in ancient China during the Yuen (1271-1368) or Qing Dynasty (1644-1912), when revolutionaries used
        PHOTOS: MARK ONG  -  1,637 words
      • 1636 6 / 7  -  Getting original Thai flavours in Singapore meant either being spotted in unsavoury nooks of Orchard Towers or shelling out more than $100 a head at a stuffy fine-dining establishment. No more. Debbie Yong checks out three new Thai eateries offering authenticity without the fuss Debbie
        PHOTO: NARA THAI; PHOTO: ROYAL THAI; PHOTO: CAFE SALA  -  1,636 words
    • BT WINE CHALLENGE 2013
      • 2767 8 / 9  -  Highly prized Pinot Noir and Chardonnay are revealed in the sixth write-up. By June Lee FROM some of the smallest parcels of land, come the world’s most expensive wines. The French region of Burgundy, or Bourgogne, is home to rich limestone soils, well-established but very small
        2,767 words
    • HOME & GARDEN
      • 1153 10 / 11  -  An architect straddles two worlds visual impact and liveability when designing for herself. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg ARCHITECT Maria Warner Wong has designed countless homes throughout her career, but it was only recently that she finally turned her attention to her
        bedroom.PHOTO OF EXTERIOR: AARON POCOCK FOR WOW ARCHITECTS; PHOTOS: YEN MENG JIIN  -  1,153 words
    • BT CORPORATE GOLF LEAGUE 2013
      • 705 12 / 13  -  They pull off a near-perfect round at TMCC to extend lead at top of table by eight points. By Justine Moss btnews@sph.com.sg UNDER perfect weather, members from the leading Team SunMoon pulled off an almost perfect round this week, which was Round 4 of The
        705 words
      • 373 12 / 13  -  By Justine Moss ROUND 5 of the BT Corporate Golf League next week will be played on the Singapore Island Country Club’s New Course. M Krishnan, the club’s assistant director of golf, said participants can expect to play amid the beauty of a course in
        373 words
    • MOTORING
      • Article, Illustration
        640 14  -  The ninth-generation Honda Accord with its new engine, body and suspension is a more refined experience. By Samuel Ee By Samuel Ee samuelee@sph.com.sg I T may not be obvious just by looking at it, but the latest Honda Accord is actually the most refined version of this
        640 words
      • 645 15  -  Nissan 360 is an international event which offers an all-round experience of the Japanese carmaker. By Samuel Ee samuelee@sph.com.sg IT may be referred to as a Nissan theme park or a Nissan Disneyland, but the best part about Nissan 360 is that you don’t have to be a
        645 words
      • 534 16  -  The lowered Volvo V40 T4 R-Design is more fun to drive. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WHAT a difference 40 mm makes. The Volvo V40, which was introduced here earlier this year as the V40 Cross Country, is now available as the Volvo V40 T4
        534 words


  • Page 6 / 7 Advertisements
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