The Business Times, 16 September 2013

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, eptember 16, 2013
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  • 1071 1  -  Yuan, Israeli shekel the only emerging market currencies that rose in past 12 months By NEIL BEHRMANN in London EVEN though emerging market currencies have rallied from their lows last month, business people and economists continue to fret over the fallout. Our
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,120.30 +71.95 KL COMP 1,770.80 +47.00 NIKKEI 225 14,404.67 +543.86 HANG SENG 22,915.28 +294.06 SET INDEX 1,401.08 +64.83 JAKARTA COMP 4,375.54 +303.19 MANILA COMP 6,133.24 +158.62 SEOUL COMP 1,994.32 +39.01 SHENZHEN B 836.42 +13.02 MUMBAI IND 19,732.76 +462.70 DOW 15,376.06 +453.56 NASDAQ 3722.18 +62.17 S&P
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    • 19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG JAPAN INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.581 2.008 EURO (US$/S$/E) 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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  • 1028 1  -  They’re set to yield US$460m revenue for chat apps this year By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Chat stickers have infiltrated your smartphones, found a place in your heart and wrapped their tendrils around your wallet. Now, these emoticons on steroids colourful pieces of
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  • Page 1 Advertisements
    • 138 1 DINING OUT Pricey HK take on Japanese fare PAGE 20 YOUNG INVESTORS’ FORUM What happens when QE ends? page 9 BizIT Two-phone launch fails to reignite Apple magic PAGE 26 VIEWS FROM THE TOP New star of Australia PAGES 10-11 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal
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  • TOP STORIES
    • 521 2 Emerging market currencies off bottom, but worries linger EVEN though emerging market currencies have rallied from their nadirs against the US dollar, businessmen and economists continue to fret over the fallout. Moreover, since the euro, sterling and other European currencies have appreciated against the greenback in the past
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    • 431 2  -  Ex-PM felicitated on his 90th birthday by world figures lauding his contributions By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Birthday greetings for former prime minister Lee Kuan Yew began streaming in from across the globe yesterday, in honour of his 90th
      ST FILE PHOTO  -  431 words
    • 867 2  -  WALL STREET INSIGHT By ROB CURRAN THIS week, the stock market’s summer-long pause around the 15,000 mark on the Dow Jones Industrial Average is set to end. A diplomatic deal between the US and Russia on Syria’s chemical weapons
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    • 695 4  -  Chat apps are merging two formerly separate domains of chatting and gaming By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Stickers might be turbocharging revenues, but games have become the bread-and-butter of chat apps. The industry’s major players Tencent, Kakao and Line Corporation are built on a bedrock of
      PHOTO: REUTERS; Source: Line Corporation in Japanese yen and Tencent in Chinese renminbi. Singapore dollar value based on exchange rate as at Sept 6, 2013.; Graphics: Gareth Chung Concept by Joyce Hooi  -  695 words
    • 643 4  -  S’pore among those targeted for more exports of Japanese processed food By ANTHONY ROWLEY in Tokyo JAPAN is launching an “aggressive” policy to develop its agriculture, fishery and forestry sectors as it prepares to enter the Trans-Pa-cific Partnership (TPP) where these
      PHOTO: BLOOMBERG  -  643 words
    • 673 4  -  By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Singaporeans were among global investors recently unnerved by US Federal Reserve chairman Ben Bernanke, whose hints in June to taper the policy of “quantitative easing” (QE) led to a sharp sell-off on Wall
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  • Page 2 Advertisements
    • 262 2 I challenge my ambitions to succeed. Il*s my choice. Open House 19 October 2013, 12-spm Kaplan City Campus Wilkie Edge r 4 Success means the world to us, but it does not come about overnight. It is the culmination of sound decisions and equally offbeat ones. In partnership with prestigious
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    • 93 2 ALMATY Seoul Beijing jr» Bangkok Kuala Lumpur Hong Kong Ho Chi Minh Beijing Almaty 5 times a week Bangkok Almaty 7 times a week Kuala Lumpur Almaty 3 times a week Ho Chi Minh Almaty 2 times a week Seoul Almaty 2 times a week Fly to-AlnWy and beyond 2
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  • Page 3 Advertisements
    • 106 3 Exact and Exultant MESURE ET DEMESURE 24 24 0 3^ TONDA HEMISPHERES y Rose gold Automatic movement Dual time zone indication Hermes alligator strap Made in Switzerland www.parmigiani.ch PARMIGIANI FLEURIER THE HOURGLASS Singapore Studio Parmigiani Marina Bay Sands, tel. 65-6688 7525 I Takashimaya S.C., tel. 65-6734 2420 I Tang Plaza,
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  • COMPANY NEWS
    • 1103 5 The metal is set for the first annual drop in 13 years Bloomb erg [LONDON] Gold traders are the most bearish since June as the threat of an imminent attack on Syria eased and speculation mounted the Federal Reserve will start curbing
      Bloomberg; PHOTO: BLOOMBERG  -  1,103 words
    • 378 5  -  Shareholders will receive a cash distribution of 3.5¢ per share By JOYCE HOOI joyceh@sph.com.sg DATAPULSE Technology is proposing a capital reduction exercise, the firm said in a Singapore Exchange (SGX) filing yesterday. The CD and DVD services firm also announced that its non-executive chairman and director,
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    • 1692 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYING fell for the third straight week while selling among directors surged, filings on Singapore Exchange last week showed. Thirteen companies recorded 22 purchases worth $5.16 million versus seven firms with 18
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    • 11 7 db X-MACRO Trading Index Fund 14D 05/09/2013 87,05 GBP
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    • 1150 7 Payment Ex Rec Pay Ann (cts) date date date date ABR Hldgs aw 1.000 28-Aug 30-Aug 18-Sep 19-Aug AIMS AMP Capital Ind REIT ct 1.650 02-Aug 06-Aug 20-Sep 25-Jul Amtek Engg ak 2.000 01-Nov 05-Nov 20-Nov 26-Aug Asian Pay TV ap 4.800 23-Aug 27-Aug 24-Sep 13-Aug ASL Marine
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    • 285 7 Sep 13 BANKS Agricultural Bank Of China Agricultural Bank Of China ANZ Singapore Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia ...5.50 Bank of Communications Bank of Taiwan 5.75 Bank of Tokyo-Mitsubishi 5.50 Banque Internationale a
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    • 273 7 COMPANY MEETING PLACE DATE TIME Fortune Real Est E Level 5 Hutchison House 10 Harcourt Road Central Hong Kong via video conference Rm 326 Level 3 Suntec S'pore Convention Exhibition Ctr 1 Raffles Boulevard Suntec City 16-Sep 11.00am Global Invacom E 8 Temasek Boulevard #20-03 Suntec Tower Three
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  • Page 5 Advertisements
    • 78 5 Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and pass on your wealth.
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  • SINGAPORE MARKETS
    • 668 6  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent Concerns over when the US Federal Reserve will start tapering its monetary stimulus look set to push worries of a US military strike on Syria into the background this week. This is because the Fed meets tomorrow
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    • 620 6 COMMODITIES Bloomberg [SINGAPORE] Asian currencies had their best week in two months, led by India’s rupee, after US jobs data tempered speculation that the Federal Reserve will cut stimulus that’s buoyed emerging markets. Payrolls in the United States the world’s
      Bloomberg  -  620 words
    • 676 6 COMMODITIES AFP [LONDON] Oil sank last week on receding fears of a US-led military strike against Syria, and gold hit a one-month low on hopes of an end to US Federal Reserve stimulus. Investors kept a keen eye on developments in the
      AFP  -  676 words
    • 1469 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 4 9.85 14.67 1.80 1.45 Amtek Engineering Ltd 3.50 3.33 2 0.05 7.52 0.51 0.47 ARA Asset Mgt Ltd 2.57
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    • 4 6 WEEKLY
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    • 73 6 Sep 13 VALUE CLOSE BT OB/OS 664.00 -35.00 BT CADI -*****.00 -87.00 BT 10-day MA -*****.00 +66.00 FTSE ST Mid Cap 755.69 -1.85 FTSE ST Small Cap 550.69 -2.04 FTSE ST All Share 766.88 -0.66 FTSE ST China Top 201.05 -2.21 FTSE ST China 228.27 -1.25 FTSE
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    • 54 6 VOLUME Sunmoon 5,492,342,000 Albedo 2,843,276,000 YHM 1,046,461,000 Innopac 826,274,000 IPCO Intl 818,197,000 M Devt 682,833,000 WE Hldgs 421,220,000 A-Sonic 385,553,000 HanKore 383,373,000 AdvanceSCT 349,735,000 VALUE($) DBS Grp 377,698,674 SingTel 294,276,475 Genting SP 291,920,565 Ezra 218,564,230 UOB 204,882,210 Yangzijiang 189,953,900 Albedo 178,344,383 OCBC Bk 178,067,515 Noble Grp 154,311,623
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    • 113 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 7892 688.3 7.4 DBXT Nifty 10US$ 9278 619.8 5.6 SPDRS S&P 500 10US$ ***** 530.9 2.5 DBXT MSKorea 10US$ 6056 472.4 6.5 DBXT MSAsExJp 10US$ 3269 213.4 5.4 DBXT FTChina25 10US$ 2972 186.7 5.2 DBXT MSINDO 10us$ 1256 182.9 12.9 DBXT MSTHAI 10US$
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    • 123 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -703.6 -4.2 DBXT AUD Bonds 5AU$ ***** -233.6 -1.1 DBXT S&P Short 10US$ 2885 -69.9 -1.9 Hyflux 6% CPS 10 ***** -30.0 -0.3 Petra 339 -21.0 -5.8 ARA 159 -16.5 -9.4 Straits Trdg 366 -16.0 -4.2 Venture Corp 748 -14.0 -1.8 B
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 76 7 <o Sotheby's 40 YEARS IN ASIA m tk s sw ra ■i /'T Vf -Vs. a > «r I ji w f •a P, i* CHEONG SOO PIENG TWO SISTERS 1980 OIL ON CANVAS 106.5 X 68.5CM ESTIMATE HK$800,000-1,200,000/US$102,600-153,800 MODERN AND CONTEMPORARY SOUTHEAST ASIAN PAINTINGS AUCTION IN HONG KONG 6
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  • SINGAPORE NEWS
    • 471 8  -  Latest capacity additions raise possibility of lower electricity prices By RONNIE LIM ronnie@sph.com.sg MORE new gas-fired power units of over 400 MW each will be starting up in the coming months, including those by Singapore’s newest genco PacificLight Power, Tuas Power
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    • 166 8 FORTY kids from the Arc Children’s Centre had a day of kite-flying fun last Tuesday at an outing at the Marina Barrage organised by lawyers and staff from TSMP Law Corporation. The Centre is a day-care centre for children suffering from cancer and their
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    • 258 8  -  Tianjin Eco-city project lauded for its good progress By JOYCE HOOI joyceh@sph.com.sg SINGAPORE will continue to be a strong supporter of China’s development, Emeritus Senior Minister Goh Chok Tong said in Tianjin, China, yesterday. Mr Goh, who was speaking at the opening
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  • Page 8 Advertisements
    • 85 8 ■cj FM ■5^27 ‘■J e-'f. ‘--I Night r -x *r j n n 1 m seafood galore Enjoy a fresh selection of Maine lobster, mussels, oysters and more at The Pelican Seafood Bar 8c Grill along the charming One Fullerton. Tune in to Kiss92 to win your Girls’ Night Out
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    • 24 8 FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg J to advertise. I t2
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 2350 9 The US Federal Reserve will decide mid-week on the beginning of the end of its monetary stimulus programme. While European markets should react somewhat as in the US, emerging markets are likely to bear the brunt of the end of QE. THE day after the
      PHOTO: AP  -  2,350 words
  • Page 9 Advertisements
    • 156 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • VIEWS FROM THE TOP
    • 2454 10 THIS WEEK’S TOPIC: What changes do you anticipate in Australia following the recent change in government? How will the changes impact Australia’s neighbours, including Singapore? Roland Ng Managing Director Tat Hong Holdings THE previous Labor government had to rely on support from a minor party (Greens)
      PHOTOS: REUTERS  -  2,454 words

  • Page 11 Advertisements
    • 337 11 Global Entrepolis -1/\ H Singapore Global Trends, Asian Insights. 0 28-31 October 2013 Resorts World Sentosa, Singapore GES Business Leaders Summit 2013 Connecting Businesses to New Frontiers I IX The outstanding ensemble of renowned speakers include: /y*\ T Achal Agarwal President Asia Pacific, Kimberly-Clark International Annie Koh Vice President for
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  • MALAYSIA/INDONESIA
    • 613 12 This will reflect regional supply and demand more accurately: sources Reuters [KUALA LUMPUR] Malaysia state energy firm Petronas is in talks with producers, buyers and traders on setting up a new mechanism to price oil produced in the Asia-Pacific to better reflect regional
      Reuters; PHOTO: REUTERS  -  613 words
    • 899 12 Pressure to shore up rupiah outweighs threat to growth Bloomberg [JAKARTA] Bank Indonesia will probably need to further tighten monetary policy after unexpectedly raising interest rates a second time in two weeks last Thursday, as pressure to shore up the rupiah outweighs the threat
      Bloomberg; PHOTO: BLOOMBERG  -  899 words
    • 1400 12 VOL Sep 13 RM +/-(‘000) Abric Bhd (‘000) Advance Synerg 0.14 0.01 134 Adventa Bhd 0.01 Ae Multi Hldgs 0.21 -0.01 135 Affin Holdings 4.24 0.01 846 Ahmad Zaki Res 1 'P r h Alliance Finan 0.14 Aluminium Co 0.66 unch 0 Amalgamated In Ammb Hldgs Bhd 7.57
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  • Page 12 Advertisements
    • 272 12 KATHY LIEN Trading 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
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    • 58 12 kV9$r si** LARGEST ASIA’S I Educational Kids’ Fair join us at Asia's Largest Education Fair! Singapore Expo Hall 5 21 23 March 2014 BOOK NOW! Limited Booths available! m ye lb rv’ C®' m m For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008
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  • GREATER CHINA/INDIA
    • 846 13 Its economy is now expected to grow 5.3%, from earlier estimate of 6.4% Bloom berg [NEW DELHI] Indian Prime Minister Manmohan Singh’s economic advisory body cut its growth forecast and signalled that interest rates wouldn’t fall until the rupee stabilises and
      Bloomberg; PHOTO: AP  -  846 words
    • 658 13 AP [HONG KONG] Mooncakes the pastries that Chinese give each other every year for the Mid-Autumn Festival were always more about tradition than delicacy in China: Some people don’t even like them. But in recent years, as corruption eroded confidence in the
      AP  -  658 words

  • WORLD
    • 685 14 Plan does not require Treaty change, potentially removes that hurdle Reuters [VILNIUS] Germany is working on a plan that would allow the completion of a eurozone banking union without changing existing EU law, potentially removing a major hurdle to finish the most ambitious EU
      Reuters; PHOTO: REUTERS  -  685 words
    • 560 14 Payouts to Lehman’s creditors in Europe to top 100% in 2014 Reuters [LONDON] Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout
      Reuters  -  560 words
    • 249 14 Reuters [LONDON] Japanese banks have once again become the biggest overseas lenders, returning to a position they last occupied in the late 1990s before a deep banking crisis forced them to pull back from international markets. The Bank for International Settlements (BIS), which charts
      Reuters  -  249 words
    • 238 14 Reuters [MILAN] European Union officials yesterday warned Italy not to let politics ruin recovery prospects and upset debt markets in a week that could signal the end of Erico Letta’s fragile five-month-old government. Olli Rehn and Manuel Barroso threw their weight behind
      Reuters  -  238 words
    • 426 14 Encryption, security services companies see jump in business Reuters [SAN FRANCISCO] Edward Snowden’s unprecedented exposure of US technology companies’ close collaboration with national intelligence agencies, widely expected to damage the industry’s financial performance abroad, may actually end up helping. Despite emphatic predictions
      Reuters  -  426 words
    • 742 15 Move will stop trading during emergencies; comes after Nasdaq glitch Reuters [WASHINGTON] US stock exchanges have agreed to reforms including a “kill switch” to stop trading during emergencies, after a software glitch with Nasdaq’s stock quote processor last month led to a three-hour
      Reuters; PHOTO: REUTERS  -  742 words
    • 496 15 It has one of the biggest shares of low wages in Europe AFP [BERLIN] Chancellor Angela Merkel often boasts during the campaign for Sept 22 elections that Germany has one of Europe’s lowest jobless rates at around 6.8 per cent. But it comes
      AFP  -  496 words
    • 515 16 China, US demand spurs more factory investment by Nissan and Jaguar LR AFP [LONDON] Britain is accelerating away from its European competitors in the car-making sector with investment flowing into the factories of Nissan and Jaguar Land Rover as Chinese and American demand
      AFP; PHOTO: BLOOMBERG  -  515 words
    • 597 16 Many businesses switch to cheaper, nimble suppliers Reu ters [TOKYO] The Fukushima nuclear disaster is driving one of Japan’s biggest industry overhauls since World War II, as new, nimble suppliers take business from the big regional power monopolies, and manufacturers from steelmakers to drinks
      Reuters  -  597 words
    • 385 16 AFP [SYDNEY] Australia’s prime minister-elect Tony Abbott has yet to be sworn in but he has already stamped a markedly different style on government, fostering an air of studious, steady calm. That stands in stark contrast to the “chaos” he liked to
      AFP  -  385 words
    • 798 18 Analysts say US economy is healing, Fed’s bond purchases have less impact as time passes AFP [WASHINGTON] Is the Federal Reserve ready to put the Great Recession behind it? Is the US economy prepared for it? The markets think so, as the
      AFP  -  798 words
    • 767 18 Firm’s retail sales plunge 20% since July product recall AFP [TOKYO] Japanese cosmetics giant Kanebo faces a tough battle repairing its brand image with consumer confidence at “rock bottom” after its products left ugly blotches on customers’ faces,
      AFP; PHOTOS: AFP, AP  -  767 words
  • Page 14 Advertisements
    • 684 14 HENDERSON HORIZON FUND (SICAV) (the “Company”) Société d’investissement à capital variable NOTICE OF MEETING OF ANNUAL GENERAL MEETING OF SHAREHOLDERS NOTICE is hereby given to the shareholders of Henderson Horizon Fund that the ANNUAL GENERAL MEETING of Henderson Horizon Fund will be held at its registered office at 4a, Rue
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    • 38 14 sgCarMart (S)UOTZ Made Simpler SELL YOUR CAR BY BIDDING! HIGHEST PRICE GUARANTEED! (^OTZ PR\cr \AVGVAtS1 ,vV Mir***"* 1 m Online bidding by over 300 used car dealers! Call us now for a FREE Car Valuation 6744 7571 www.sgcarmart.com/quotz
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    • 264 14 Technical charts are often used by traders to identify the precise price turning points, which allow them to maximise their trading profits. Without technical indicators, one would base solely on the movement of price to determine the future trend. With the aid of technical indicators, one would try to time
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  • Page 15 Advertisements
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  • Page 16 Advertisements
    • 175 16 The Search For Your IDEAL EMPLOYEE Ends Here With access to STJobs' growing database of close to 650,000 candidates, automated email alerts to suitable candidates and 30 days of online exposure for your company, it's much easier to seek out your ideal employee. D F L U K r c
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  • Page 17 Advertisements
    • 307 17 THE STRAITS TIMES WHEREVER YOU ARE r f—i r i i r STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select o Plan and pick your gift! 3-Year Rian 3-Year Plan is exclusive to new subscribers and readers who subscribe through
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  • Page 18 Advertisements
    • 95 18 FEMALE SEPTEMBER OUT NOW Singapore's leading agazlne www lomalomag.com.ig SEPT 2013 ARTY BUNG STEAMPUNK GRAPHIC J JJ J FAIL’S KEY MAKEUP CAT EYES, RED LIPS, MONOSHADOW _UJ INSTANT CHIC x V FRENCH ICONS SHOW HOW THE THREE SHAMPOOS i WE REALLY I NEED ARTY MAKEUP GET A NUXE BRIGHTENING SET
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    • 95 18 Wine, Dine Hospitality Highlights WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at Conrad Centennial Singapore. Afternoon Delight Lobby Lounge $45++ per person* 1pm to 5pm (avail. Sat Sun) Oscar's Sunday Amazing Graze $78++ $158++ per
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  • AVIATION/SHIPPING
    • 681 19 Abandoned docks, shipyards will be decommissioned, cleaned, repurposed AP [HAVANA] Havana’s harbour has long been an unsightly jumble of piers left to crumble into piles of rusty, twisted rebar. Its dominant feature is a refinery smokestack across the bay that belches smoke and
      AP; PHOTO: AP  -  681 words
    • 564 19 WP [WASHINGTON] As it intensifies its withdrawal from Afghanistan, the US military is being forced to fly massive amounts of gear and equipment out of the country instead of using cheaper overland and sea routes, according to Pentagon
      WP  -  564 words
    • 552 19 Bloomberg TOKYO] ANA Holdings Inc, the Japanese carrier whose fleet is dominated by Boeing Co aircraft, will decide soon on placing an order for 25 jets, pitting the newest wide-body models of Airbus SAS and Boeing against each other. “It’s getting
      Bloomberg; PHOTO: BLOOMBERG  -  552 words
    • 274 19 Workers moved to plants making engines, plane parts Bloomberg [TOKYO] Kawasaki Heavy Industries Ltd, the maker of industrial machinery that fired its president and ended merger talks with Mitsui Engineering Shipbuilding Co in June, relocated workers from a yard in Japan with excess capacity to
      Bloomberg  -  274 words
    • 240 19 SGX '000 Sep 13 S$ +/-Vol CH Offshore 0.42 unch 49 Chuan Hup Hldg 0.28 unch 249 Cosco Corp 0.82 0.01 ***** S$ Ezra Hldgs 1.26 0.20 *****4 First Ship Lea 0.10 unch 401 Freight Links 0 42 Grand Banks.............0.33 unch 38 Jaya Hold Ltd Chuan Hup Hldg
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    • 2434 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 19 Miscellaneous
    • 292 19 CRYPTIC CROSSWORD Across 7 Distinctive clothing, note, I brought into special sports meeting (7) 9 Petition about it after oil’s spilt (7) 10 Impish youngster, beginning to swagger, theatrically exaggerated (5) 11 Scriptwriter having tipple with performer right away (9) 12 Street band likes playing for idle amusement (4,3,8) 13
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  • DINING OUT
    • 924 20  -  Sushi Kuu’s cuisine and ambience do not quite justify the restaurant’s premium pricing, says JAIME EE JAIME EE NEW RESTAURANT Sushi Kuu #01-06/07 Palais Renaissance 390 Orchard Road Tel: 6737-0100 Open daily for lunch and dinner: 12pm to 3pm; 6pm to 10.30pm WHOEVER keeps
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  • Page 20 Advertisements
    • 98 20 DIM SUM OF ALL SPAS Marina Mandarin introduces brand new spa Amarin and doubles the joy with Peach Blossoms Dim Sum this opening season. Enjoy spa treatments for 2 persons at Amarin as well as delectable Peach Blossoms Dim Sum set for 2 at only $260++ (U.P $420++). Package includes
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  • SINGAPORE STOCKS
    • 3541 21 Week ended: Sep 13 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 15 11.9 8Telecom Vol Week Last Quote Div GrYld 11.5 7 AEM 20 3.1 A-Sonic High 188 106 AIMSAMPIReit 144.5
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    • 312 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 2.4 1.3 t Advanced System 1.5 unch 8708 1.6 1.4 1.5 1.6 23.8 Vol Week Last Quote Div Gr Yld Net M Cap
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    • 117 22 Stock name Close Change CapMallsAsia 1.925 CapitaLand 3.080 -0.020 CapitaMall 1.890 +0.020 CityDev 10.230 -0.030 ComfortDelGro 1.885 DBS Grp 16.340 -0.010 GLP 2.740 -0.020 Genting SP 1.450 -0.015 Golden Agri 0.535 -0.005 HK Land 6.370 Stock name Close Change HPH Trust US$ 0.755 JMH 53.400 -0.600
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    • 2021 22 Transaction date: Sep 13 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 5.32 -0.26 ***** Anhui Conch Anhuiexpresswa 4.29 -0.05 906 Asia Satellite 29.10 -0.10 3 Asm Pacific -0.18 Bank Of E Asia 31.95 0.55 2658 Beida Jade Bir 0.56 0.02 2031 Beijing Airpor 5.10 -0.07
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    • 276 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 59 27 AVJennings A59 +5.5 121 59 52.5 55 59 3.6 5.9 4.8 218.4 52 31 Genting HK US$ US39.5 +1 ***** 41 38.5 39.5 40 2600.9
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 3 0 0 0 9 3 3 Manufacturing 128 41 25 25 0 13 153 41 38 Commerce 49 15 16 14 3 2 63 18 18 Tpt/Stor/Comms 33 6 5
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    • 1043 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 124.3 CIMB APAC Div 100S$D 133.9cd +1.2 2 135.2 133.9 133.5 134.4 114.4 99.2 CIMB APAC Div 100US$
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 214,378 214,378 286,087 286,087 Manufacturing 3,391,077 880,522 4,271,599 1,033,862 61,618 1,095,480 Commerce 6,935,563 3,825,900 10,761,463 571,615 269,224 840,839 Tpt/Stor/Comms 907,938 157,527 1,065,465 940,581 54,122 994,703 Finance 972,826 9,511 982,337 970,607 4,109 974,716 Construction 1,385,352 1,152,931
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  • Page 22 Advertisements
    • 26 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 609 23 Sep 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.70 *****.93 *****.12 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****1 Mar14 *****.00 *****.00 *****.00 *****.00 0 57 MSCI TAIWAN INDEX FUTURES SPOT 290.09 290.86 288.31 Sep13 290.50 291.50 288.60 288.70 ***** *****5 Oct13 289.80
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    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Sep 13 Index Change Change Change Change Change Change World Preliminary 1097.6 0.1 17.0 0.3 19.1 0.0 14.6 EAFE Preliminary 902.5 0.0 16.5 0.0 15.8 -0.2 11.4 Europe Preliminary 1288.3 0.1 12.3
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    • 471 23 Sep 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.956 5.657 0.696 7.170 58.908 105.786 0.922 10.042 3.040 1.139 97.070 40.562 1.174 9.226 0.861 27.528 29.470 0.585 0.925 Canada 1.046 5.917
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    • 52 23 Sep 13 (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.***** Sep SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 9 mths 0.***** 12 mths 0.***** Source:
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    • 90 23 Sep 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****E 07-Mar-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100 5-Year N*****0T 0.5 01-Apr-18 97.58
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    • 135 23 GOLD(US$/oz) Sep 12 Sep 13 Hong Kong 1352.00 1321.00 Sep 13 Sep 12 London 1316.51 1330.76 1317.28 1331.53 Source: Thomson Reuters CAST BAR Sep 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 122 54 5gm 346 270 10gm 617 540 20gm 1163
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    • 53 23 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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    • 156 23 Sep 13 Sep 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
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    • 109 23 Sep 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1488.75 1442.00 1499.50 1431.00 Nov 13 1381.50 1396.00 1400.00 1380.00 Jan 14 1379.75 1393.50 1397.75 1378.50 Mar 14 1347.25 1365.25 1369.00 1344.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
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    • 95 23 Sep 13 COCOA (£/tonne) Close Prev High Low Sep 13 1699 1709 1714 1699 Dec 13 1699 1695 1705 1685 Mar 14 1678 1676 1684 1665 May 14 1673 1672 1680 1660 COFFEE(US$/tonne) Close Prev High Low Sep 13 1717 1728 1723 1720 Nov 13 1747 1753 1762 1741
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    • 1235 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.6 0.1 1246 1 123 158 80.00 8 Exer Albedo Limited W*****9 Prem Disc Ascendas Reit MB ECW*****3 Gear- Mths Asiatravel.com HoldingsW*****7 0.2 1
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    • 70 23 CRUDE OIL PRODUCTS Sep 12 CRUDE (FOB origin) US$/barrel 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
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    • 22 23 Sep 13 S$ Bid Offer 1-month 1.2700 1.2702 2-months 1.2699 1.2701 3-months 1.2698 1.2700 6-months 1.2695 1.2697 Source: OCBC
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    • 66 23 Sep-13 Sep-13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1744.50 1766.25 3 months 1790.00 1812.00 Copper, Grade A(US$/tonne) Cash 7010.50 7028.40 3 months 7041.00 7060.00 Lead(US$/tonne) Cash 2044.75 2097.00 3 months 2071.00 2120.00 Nickel (US$/tonne) Cash *****.50 *****.25 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months
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    • 121 23 As at 9am 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
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    • 154 23 Sep 13 $S Offer Bid 0vernight 0.03 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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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  • Page 24 Advertisements
    • 43 24 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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    • 18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shpping Times
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  • Page 25 Advertisements
    • 125 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the Business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 I
      125 words
    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 744 26  -  Facility set to have 50-100 staff by about 2016, reports VICTORIA HO NEC Corporation has set up its fifth global research lab in Singapore, which is also its Asia-Pa-cific headquarters. The Singapore facility joins NEC’s network of labs in the US, Europe and
      PHOTO: AFP  -  744 words
    • 957 26  -  By ADELINE TAN STORAGE giant EMC is betting a lot on the private cloud. It is predicting that 78 per cent of business workloads will be deployed in the private cloud by 2016. And it is building solutions that can
      957 words
    • 1235 26  -  Latest enhancements more evolutionary than revolutionary <we say> AMIT ROY CHOUDHURY amit@sph.com.sg Technology Editor APPLE’S annual iPhone event last week had its customary hype and hoopla. And in many ways the event was unique in that Apple released two phones the flagship iPhone
      1,235 words
    • 301 26 Reu ters [NEW YORK] A handful of potential bidders, including private equity firms, are lining up to look at BlackBerry Ltd, but initial indications suggest that interest is tepid and buyers are eyeing parts of the Canadian smartphone maker rather than the
      Reuters  -  301 words
    • 817 27  -  It aims to monetise free photo-viewing service next year By KEVIN KWANG SILICON Valley start-up Cooliris is targeting the mo-bile-savvy consumer in Asia to continue its growth momentum, and it aims to start monetising its free photo-viewing service by introducing a bundle of premium features
      817 words
    • 220 27 Bloomberg [SEATTLE] In an effort to entice more consumers to buy its Surface tablet, Microsoft Corp is dangling a new carrot. The Redmond, Washington-based technology company on Sept 12 e-mailed and listed on its website a promotion that includes
      Bloomberg  -  220 words
    • 947 27  -  M-commerce still untapped, but gaining popularity: Nielsen report By AMIT ROY CHOUDHURY amit@sph.com.sg HONG KONG and Singapore, with rates of 87 per cent, lead Asia Pacific’s smartphone penetration, followed by Malaysia (80 per cent), Australia (75 per cent) and China (71 per cent),
      947 words

  • Page 27 Advertisements
    • 51 27 SEPTEMBER ISSUE OUT NOW! ■> sm'artphones'that actually'fit'inyou'r hand' rm «i 1 1 1 C TRIED AND TESTED NFC-ENABLED SPEAKERS IN THIS ISSUE DO MEGAPIXELS MATTER? NFC SPEAKERS SMARTPHONES UNDER 5 INCHES SEPTEMBER TECH FAIR SPECIAL! Enjoy 40% OFF when you subscribe to the print edition of HWM! Subscribe now at
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    • 119 27 PabienbCare QAsia 2013 3-5 December 2013 Marina Bay Sands, Singapore Asia's only C-level conference focusing on developing patient care strategies Event Highlights: Showcase of latest innovations in patient care Gathering of leading healthcare operators More than 20 international case studies 1 highly interactive workshop on healthcare marketing Engage. Enhance. Excel.
      119 words

  • Page 28 Advertisements
    • 250 28 Best of Both Worlds THE BUSINESS TIMES FO trisS- I ASIA'S LEAPING HUMAN CAPITAL iViMT t OB™”'” 00 is iT'.liHiiliii.yJ BBT HOME DELIVERY THE BUSINESS TIMES Raffles Conversation t-r R! y,. National Day Message JL dhripltor THE BUSINESS TIMES SSL 590m kitty to I k then ODE buys tallest in
      250 words