The Business Times, 28 September 2013
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2013-09-28
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The Business Times
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Title Section22 2013-09-28 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg I SEPTEMBER 28-29, 2013 I S$1 .00 I MCI (P) 086/08/2013 SfSl A SINGAPORE PRESS HOLDINGS PUBLICATION22 words
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Article, Illustration903 2013-09-28 1 Joyce Hooi - Online registrations of interest 23,000 at SingTel –are significant for Samsung, though the interest does not measure up to Apple’s new iPhones By Joyce Hooi joyceh@sph.com.sg Singapore JUST a week after the launch of the new iPhones, consumers opened their wallets yetBT Graphics: Gareth Chung, Joyce Hooi - 903 words
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Article, Illustration1019 2013-09-28 1 Virginie Mangin - By Virginie Mangin btworld@sph.com.sg Beijing MORE than 30 years after China’s then-Premier Deng Xiaoping thrust China onto the international stage by creating special economic zones, the city of Shanghai is to officially announce tomorrow the establishment of its free trade zone (FTZ). Many hailPHOTO: REUTERS - 1,019 words
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Page 1 Advertisements
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Advertisement14 2013-09-28 1 I I II_ IJ\J~ J_i"!;:"° C; THE RAFFLES CONVERSATION l8-9 LIVING Combine Conquer L2-414 words
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Advertisement14 2013-09-28 1 WEALTH Room to build next generation of clients 28-29 MOTORING Lexus ES sedan L1514 words
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Page 2 Advertisements
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Advertisement168 2013-09-28 2 M f r a fit* jsHwa Chong intternational school A MEMBER OF THE HWA CHONG FAMILY OF SCHOOLS Internationalism Innovation Independence m s n m m y w w r .S v l/l/e are a /oca/ international high school offering a six-year programme that prepares students for the IGCSE and168 words
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Page 3 Advertisements
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Advertisement170 2013-09-28 3 5* 5 9 j iBEiuix-j jLjjiym. j_ rr 1 rn L' v iii, ~S III, j-TTm <4 T>' <3 -S is" <1 v m VANUFACTUR NG f ENGINEERING ■I 4 fl OIL GAS COfjST RUCTION mm. HOSPITALITY HaffiesOne One Group One Practice Your Corporate Healthcare Solution As corporate healthcare needs170 words
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TOP STORIES
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Article, Illustration843 2013-09-28 4 Kalpana Rashiwala - The Tai Seng St plot, when developed, will form the epicentre of Paya Lebar iPark, says the statutory board By Kalpana Rashiwala kalpana@sph.com.sg Singapore JTC Corporation is offering for tender a plum site next to Tai Seng MRT843 words
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MARKETS
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Article59 2013-09-28 4 GSTI 3,210.18 (+15.87) GSTI FUTURES 3,210.00 (+16.00) GSIMSCI 366.45 (+1.06) GSIMSCI FUTURES 367.90 (+3.10) STOCKS Friday Change KL COMP 1,776.16 +2.00 NIKKEI 225 14,760.07 -39.05 HANG SENG 23,207.04 +82.01 SET 1,417.49 -7.27 JAKARTA 4,423.72 +17.83 MANILA 6,379.81 -27.65 KOSPI 2,011.80 +4.48 SHENZHEN B 826.03 +4.83 MUMBAI IND 19,727.27 -166.5859 words
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Article29 2013-09-28 4 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.355 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.55 Source: Bloomberg29 words
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Article48 2013-09-28 4 US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.608 2.019 EURO(US$/S$/€ 1.350 1.695 Foreign currency per US$ S$ YEN 98.60 78.50 RM 3.230 2.572 HK$ 7.754 6.176 BAHT 31.28 24.91 RUPIAH 11,538 9,189 RENMINBI 6.120 4.875 INDIAN RUPEE 61.99 49.37 A$ 1.071 0.853 NZ$ 1.206 0.96048 words
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Article, Illustration608 2013-09-28 5 Anthony Rowley - This adds to evidence that economy is emerging from 15-year deflation By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S core consumer price inflation rate rose last month to its highest level in nearly five years, including prices of some consumer durables, providing further evidence that the world’sPHOTO: BLOOMBERG - 608 words
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Article, Illustration965 2013-09-28 6 Vivien Shiao - High-tech wearable accessories present new risks to firms; concerted strategy needed to protect information By Vivien Shiao vshiao@sph.com.sg Singapore WEARABLE tech such as Google Glass may be the playthings of the future, but they could bring much grief to companies. Industry observers warn thatPHOTO: AFP - 965 words
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Article, Illustration309 2013-09-28 7 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg Singapore THE world’s largest container ship, the Maersk Mc-Kinney Moller, made its maiden call on Singapore yesterday. The first in the series of Triple-E vessels, the Maersk Line ship discharged 3,500 TEUs (twenty-foot Equivalent Units) of cargo here while on its309 words
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Page 4 Advertisements
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Advertisement83 2013-09-28 4 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-14 S’pore Markets 12 Singapore 15-16 From The Desk of 17 World 18, 20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Dining L2-6 Travel L7 Style L8-9 Home Garden L10-11 Sports L12 Golf L13 Motoring L14-1583 words
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Advertisement11 2013-09-28 4 CATS Recruit The first step on your ladder to success CLA/AUG06/g11 words
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Page 5 Advertisements
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Page 6 Miscellaneous
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Miscellaneous68 2013-09-28 6 SINGAPORE —SWEEP— 1 st prize $2,300,000 $500,000 $250,000 9 sets of 2D Delight prizes at $6 each 2 nd p R ZE 3 rd PRIZE To.. Boland S^apo"; ON MW Draw 10/2013 $3 on* WM *****40 October 201 Wedr I V 2013****** B DRAW ON WEDNESDAY, 2 OCT 2013 p68 words
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Page 7 Advertisements
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Advertisement393 2013-09-28 7 Now till Sunday SMART Investment International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 28 (Sat) 29 (Sun) September 2013 11 am 7pm Hall A, Sands Expo Convention Center, Marina Bay Sands FREE ENTRY*REGISTER NOW STARTS TODAY WHAT'S THE BEST INVESTMENT FOR YOUR CASH? Compare and Contrast the Most393 words
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THE RAFFLES CONVERSATION
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Article, Illustration2422 2013-09-28 8 / 9 Kenneth James - Noted intellectual and social advocate Ismail Serageldin believes he has found his calling as director of the historic Library of Alexandria. By Kenneth James By Kenneth James kenjames@sph.com.sg ISMAIL SERAGELDIN’S personal credo is displayed prominently on his website: “Non-vi-olence is my creed Engagement, rationality, tolerance, dialogue, learning andPHOTO: ARTHUR LEE - 2,422 words
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COMPANIES
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490 2013-09-28 10 Angela Tan - It hopes to raise up to $77.3m to help fund future business expansion, including potential acquisitions By Angela Tan angelat@sph.com.sg Singapore TRITECH Group is planning to raise up to $77.31 million to help fund future expansion of its engineering and water-related businesses, including potential490 words
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Article, Illustration414 2013-09-28 10 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE Exchange (SGX) has captured two awards and the industry’s attention for its success in risk management and in derivatives. But equally commendable victories for key rivals show just how close and fierce competitionPHOTO: BLOOMBERG - 414 words
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432 2013-09-28 10 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg Singapore YANGZIJIANG Shipbuilding is on track to deliver its large contracts, fuelling analysts’ optimism about the Chinese vessel builder. Barclays Research has turned more upbeat on Yangzijiang after a recent visit to the company’s Jiangsu shipyards and the432 words
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278 2013-09-28 11 Ong Chor Hao - US$33.4m fund injection in FSCL to take form of new preference shares in the company By Ong Chor Hao ongch@sph.com.sg Singapore CITY Developments’ (CDL) subsidiary Millennium and Copthorne Hotels New Zealand has increased its investment in an associate company by US$33.42 million278 words
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Business briefing
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60 2013-09-28 11 Reuters UNITED Overseas Bank (UOB) and Australia New Zealand Banking Group have shown interest in buying Hong Kong’s Wing Hang Bank, The Wall Street Journal said, citing people familiar with the matter. Wing Hang said last week it received preliminary offers fromReuters - 60 words
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Article70 2013-09-28 11 IN RESPONSE to a newspaper report in the Oman Observer that Oman Air and Oman Airport Management Company have signed an agreement with SATS Ltd to develop and operate cargo facilities in the Sultanate of Oman, SATS clari- fied that the three parties have signed a70 words
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39 2013-09-28 11 FRASERS Commercial Trust’s trustee has established a $1 billion multicurrency mediumterm note (MTN) programme. The trust has appointed DBS Bank and Standard Chartered Bank as arrangers and dealers of the programme.39 words
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34 2013-09-28 11 RAMEN Play Pte Ltd, a unit of BreadTalk Group, has raised its paid-up capital from $2.5 million to $6.68 million through an allotment of 4,181,091 ordinary shares.34 words
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Article, Illustration408 2013-09-28 11 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore KHONG Guan Flour Milling registered a net profit of $14.7 million for the full year ended July 31 as it realised its gain from its quoted investment in a property development company. For the precedingST FILE PHOTO - 408 words
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186 2013-09-28 11 AFP Frankfurt GERMAN auto giant Volkswagen yesterday announced that it plans to withdraw its shares from trading on the London Stock Exchange from late October. VW, which has been listed in London since 1988, said in a statement that it has appliedAFP - 186 words
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Article, Illustration607 2013-09-28 12 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent PENNY stock activity has rarely been dependent on the direction of blue chips and this week is no exception. A sharp drop in the Straits Times Index, for example, does not mean that prices of pennies607 words
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Article112 2013-09-28 12 Stock name Close Change CapMallsAsia 1.985 +0.010 CapitaLand 3.170 +0.030 CapitaMall 1.985 -0.005 CityDev 10.33 -0.040 ComfortDelGro 1.955 +0.005 DBS Grp 16.53 +0.030 GLP 2.920 +0.040 Genting SP 1.465 Golden Agri 0.520 -0.005 HK Land 6.600 +0.030 HPH Trust US$ 0.790 JMH 56.30 +1.250 JSH 34.72 +0.570 Jardine112 words
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Article, Illustration422 2013-09-28 12 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg Singapore INVESTMENT banks earned a record US$358 million from Singapore deals in the first nine months of this year, up 18 per cent year-on-year from US$302 million, Dealogic data showed. Real estate was the top industry,PHOTO: BLOOMBERG - 422 words
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Article154 2013-09-28 12 VOL CLOSE SingHa i yi 660,172 2 6 0.1 4.0 A l bedo 420,864 6 3 0.5 7.4 IPCO Intl 418,612 3 7 0.2 5.1 D i g i l and 223,304 0 1 0.0 0.0 Metech I nt 1 86,112 3 1 0.3 8.8 HanKore 1154 words
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Article58 2013-09-28 12 BY CENTS CLOSE UP DBXT E50 10US$ 4790 474.6 8.6 JMH 5630 156.9 2.3 JSH 3472 71.6 1.7 DBXT FTVietnam 10US$ 2300 55.2 2.0 Jardine C&C 3749 54.0 1.5 DBXT MSEurope 10US$ 5597 46.5 0.7 Blumont R500 241 27.0 12.6 Blumont R 241 22.0 10.0 Hyflux 6% CPS58 words
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Article60 2013-09-28 12 BY CENTS CLOSEDOWN GLD 10US$ ***** -184.6 -1.1 DBXT DBLCI-OY 5US$ 3506 -38.9 -0.9 DBXT FTChina25 10US$ 2942 -31.4 -0.8 DBXT MSTHAI 10US$ 2048 -27.6 -1.1 IS Asia BND 100US 1015 -20.1 -1.6 DBXT MSINDO 10us$ 1264 -13.8 -0.9 LionGold 156.5 -8.0 -4.9 Spore Land 866 -8.0 -0.960 words
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352 2013-09-28 14 But it is still embroiled in some 20 other lawsuits in Japan and overseas AFP Tokyo JAPANESE camera giant Olympus said yesterday that it has agreed to pay US$2.6 million to settle a US investor lawsuit stemming from a huge accounting scandal that hammeredAFP - 352 words
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Article, Illustration471 2013-09-28 14 Bloomberg Tokyo MITSUBISHI Heavy Industries Ltd and Vestas Wind Systems A/S, the Danish turbine maker that’s been unprofitable for two years, agreed to form a venture to develop offshore wind energy. The partnership, to be formed in March 2014 and equallyBloomberg; PHOTO: AFP - 471 words
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226 2013-09-28 14 Reuters Tokyo US PRIVATE equity firm KKR Co said it will initially pay about 165 billion yen (S$2.1 billion) for Panasonic Corp’s healthcare unit, in what could be the largest buyout deal in Asia year to date. As part of the deal, KKR willReuters - 226 words
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Page 13 Advertisements
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Advertisement71 2013-09-28 13 Knowing your legal rights makes all the difference in your investment Buying property can be a stressful and complicated process. STProperty understands that and tries to keep it as simple straightforward as possible. For more information on legal matters, visit www.stproperty.sg/Legal STPropertySG A product of SPH, Singapore’s trusted media group71 words
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Page 14 Advertisements
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Advertisement61 2013-09-28 14 LOSS OF MASTER BILL OF LADING The Master Bill of Lading no. KHHSIN*****0009 issued at Kaohsiung on 17th September 2013 by Pacific International Lines (Pte) Ltd for shipment of 1x20’ container from Kaohsiung to Singapore has been reported lost in transit by DHL courier vide their way bill no. **********.61 words
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SINGAPORE
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Article, Illustration402 2013-09-28 15 Jacquelyn Cheok - Initiative aims to raise overall productivity and value of jobs, and is set to benefit about 1,500 workers in the sector By Jacquelyn Cheok jaccheok@sph.com.sg A PILOT initiative to grow Singapore’s medical technology (medtech) industry was launched yesterday by the Employment and Employability Institute (e2i)PHOTO: BLOOMBERG - 402 words
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Article, Illustration418 2013-09-28 15 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg DESPITE having gone through a challenging period, the maritime industry in Singapore will soon bounce back due to strong long-term fundamentals, including a deep tripartite relationship with the government and labour unions. Senior Minister of State for Finance418 words
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407 2013-09-28 16 Mindy Tan - Contractors group says safety workers should be CoreTrade personnel as their work is professional, requires skills By Mindy Tan tanmindy@sph.com.sg EVEN as construction companies strive to ramp up productivity, this should not be done at the expense of safety. In fact, more should be407 words
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Article, Illustration249 2013-09-28 16 Vivien Shiao - By Vivien Shiao vshiao@sph.com.sg KATHY Lai will be the new chief executive of the National Arts Council (NAC) from Nov 1. The Ministry of Culture, Community and Youth (MCCY) said yesterday that Ms Lai takes over the helm from Benson Puah, who249 words
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252 2013-09-28 16 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg SEVEN new faces will join the Civil Service College’s (CSC) board of directors for a two-year term starting next Tuesday. They are: Nanyang Technological University professor Ang Soon; HDB chief executive and deputy secretary for national development Cheong Koon252 words
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Page 15 Miscellaneous
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Miscellaneous32 2013-09-28 15 trii'J JACKPOT Estimated Draw on Mon, 30 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 m32 words
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Page 16 Advertisements
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Advertisement277 2013-09-28 16 THE BUSINESS TIMES SATURDAY SPECIAL Enjoy up to 50% off at Park Hotel Clarke Quay's Weekend Buffets PARTICIPATING OUTLETS Brizo Restaurant Bar: Weekend Seafood Buffet Dinner (Fridays and Saturdays): $48++ per person Cocobolo Poolside Bar Grill: Weekend BBQ Buffet Dinner (Fridays and Saturdays): $52++ per person Discount mechanics: > 2277 words
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FROM THE DESK OF
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Article, Illustration1033 2013-09-28 17 Peter Hill - Modernising investment management systems is necessary in the financial industry to deal with uncertain markets and stiff regulatory requirements FROM THE DESK OF Peter Hill Managing Director, SimCorp Asia SINCE the Asian financial crisis, investment management firms have been faced with the challenges of learning1,033 words
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WORLD
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Article, Illustration721 2013-09-28 18 Case may take up to two years to be heard, by which time the cap will be common practice Reuters Brussels BRITAIN’S challenge to European Union (EU) rules capping bankers’ bonuses is likely to get bogged down in court long beyond their implementation,Reuters; PHOTO: REUTERS - 721 words
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Article470 2013-09-28 18 Bloomberg Washington MITSUBISHI Electric Corp, Hitachi Automotive Systems and seven other Japanese companies agreed to plead guilty and pay a total of US$740 million in fines for a price-fixing conspiracy targeting carmakers that included General Motors Co and Ford Motor Co. Chrysler Group and Toyota MotorBloomberg - 470 words
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335 2013-09-28 18 AP Hong Kong CHINESE e-commerce giant Alibaba’s biggest shareholders, Yahoo and Japan’s Softbank Corp, yesterday backed the company’s unusual management structure that Hong Kong’s stock exchange was unwilling to accommodate, forcing it to look to the US for a potentially mammoth IPO.AP - 335 words
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Article, Illustration476 2013-09-28 20 Five months of weak manufacturing output indicate that its economy may struggle to pull out of a downturn Reuters Bangkok THAILAND cut its growth outlook this year and said that policy would stay supportive as poor manufacturing output suggested that South-east Asia’s secondlargestReuters; PHOTO: AFP - 476 words
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Briefing
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101 2013-09-28 20 Reuters New Delhi India has allowed domestic companies to list and raise capital overseas without first being listed on local exchanges, the finance ministry said yesterday, in the latest of a series of steps to boost capital inflows. The concession on listing abroadReuters - 101 words
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95 2013-09-28 20 Xin hua Beijing Major Chinese industrial firms saw their combined profits rise 24.2 per cent year on year in August, accelerating from 11.6 per cent in July, pointing to further evidence of a firming economy, official data showed yesterday. The profitsXinhua - 95 words
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83 2013-09-28 20 Reuters Washington US household spending rose in August as incomes were buoyed by wage gains, signs that momentum is slowly growing in the economy despite months of harsh government austerity. American families spent 0.3 per cent more last month than theReuters - 83 words
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71 2013-09-28 20 AP New Delhi India’s top court ruled yesterday that voters should be given the right to cast negative votes against candidates in future elections. The Supreme Court ordered the Election Commission to provide the option in electronic voting machines andAP - 71 words
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111 2013-09-28 20 Bloomberg Hong Kong Hong Kong’s government will sell eight sites that will provide 3,300 new apartments between October and December, as it seeks to raise housing supply to help curb the world’s highest home prices. Five of the sites willBloomberg - 111 words
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Page 19 Advertisements
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Advertisement301 2013-09-28 19 THE STRAITS TIMES WHEREVER YOU ARE m 0 i D j H f STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select a Plan and pick your gift! SPYeac Plan NEW MODEL! Samsung GALAXY Tab 3 (8.0 M WiFi Slim Design301 words
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Page 20 Advertisements
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Advertisement47 2013-09-28 20 HOT PROPERTY •H Chart we II Dr B^ NGalovj IN sty, °f^r|Pq ns 3 $5.79M neg Park 3 car SSS3S HOUSES IN SERANGOON GARDENS FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT* SELL IT* FIND IT47 words
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SGX
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Article8258 2013-09-28 21 Transaction date: Sep 27 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 +0.3 230 12.3 12.1 12.4 10.6 0.9 10.2 58.9 20 3.1 A-Sonic 13.3 -0.4 5174 13.9 13.38,258 words
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Article1946 2013-09-28 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 $mil 27.5 17.1 t 800 Super 25 unch 101 25 25 25 25.5 3.2 4 7.8 44.7 6.2 2.8 t AA Grp 4.5 3.4 5.1 2251,946 words
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Article186 2013-09-28 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 3 0 0 0 4 6 3 Manufacturing 56 47 44 6 12 14 62 59 58 Commerce 21 23 19 5 8 4 26 31 23 Tpt/Stor/Comms 16 14 12186 words
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Article783 2013-09-28 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 23 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Contel Corp 26-Sep-13 Advance Opportunities Fd Sell 5740 0.07 8013 1.38 2273 0.39 Contel Corp 26-Sep-13 Tan783 words
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Article123 2013-09-28 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,360 16,360 65,677 65,677 Manufacturing 703,916 116,105 820,021 228,691 6,106 234,796 Commerce 461,674 553,112 1,014,786 60,643 36,921 97,564 Tpt/Stor/Comms 128,147 30,846 158,993 95,555 8,947 104,502 Finance 85,396 704 86,100 109,726 295 110,021 Construction 535,703 7,325123 words
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MARKETS
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Article94 2013-09-28 25 Sep 26 COCOA (£/tonne) Close Prev High Low Dec 13 1698 1675 1702 1662 Mar 14 1672 1655 1678 1642 May 14 1660 1646 1665 1635 Jul 14 1650 1641 1655 1632 COFFEE(US$/tonne) Close Prev High Low Sep 13 1634 1680 1684 1684 Nov 13 1663 1709 1698 165694 words
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Article67 2013-09-28 25 Sep 27 GOLD(US$/oz) Sep 26 Sep 27 Hong Kong 1339.00 1333.00 Sep 25 Sep 26 London 1336.19 1324.91 1337.08 1325.68 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 27.53 26.75 Source: UOB PLATINUM Lon (US$/oz) Sep 26 Close Previous PM Fix 1424.00 1426.00 AM Fix 1432.00 1430.00 Source:67 words
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Article118 2013-09-28 25 Sep 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.202 1.145 Can dollar 1.240 1.193 Euro 1.732 1.650 Sterling pound 2.051 1.973 NZ dollar 1.063 1.023 US dollar 1.281 1.220 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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STOCK MARKETS
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Article, Illustration19 2013-09-28 25 YTD change:+1.36% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,931.60 on Nov 16,2012 Source: BloombergSource: Bloomberg - 19 words
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Article, Illustration20 2013-09-28 25 YTD change: +2.43% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 19,426.36 on June 25,2013 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration25 2013-09-28 25 YTD change:+16.97% 52-week high: 15,709.58 on Sept 18,2013 52-week low: 12,471.49 on Nov 16,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 25 words
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Article, Illustration20 2013-09-28 25 YTD change:-4.81% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2013 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration19 2013-09-28 25 YTD change:+41.99% 52-week high: 15,942.60 on May 23, 2013 52-week low: 8,488.14 on Oct 15,2012 Source: BloombergSource: Bloomberg - 19 words
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Article57 2013-09-28 25 Sep 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 13 2318.0 2350.0 2350.0 2317.0 210 4283 Nov 13 2271.0 2316.0 2318.0 2268.0 5865 ***** Dec 13 2268.0 2310.0 2312.0 2266.0 ***** ***** Jan 14 2275.0 2312.057 words
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Article88 2013-09-28 25 Sep 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****F 21-Mar-14 0.28 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.69 101.73 101.65 5-Year N*****0T 0.5 01-Apr-18 98 98.10 97.7088 words
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Article155 2013-09-28 25 Sep 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1721 1.1725 0.9336 0.9338 Canadian dollar 1.2161 1.2167 0.9690 0.9686 Euro 1.6943 1.6948 1.3495 1.3498 NZ dollar 1.0411 1.0413 0.8292 0.8293 Sterling pound 2.0182 2.0189 1.6075 1.6079155 words
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Article105 2013-09-28 25 Sep 26 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 13 1316.75 1321.75 1322.75 1311.25 Jan 14 1318.75 1324.00 1324.50 1313.00 Mar 14 1298.00 1305.50 1305.25 1295.75 May 14 1275.25 1283.50 1282.75 1274.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Oct 13 41.79 41.82 41.90105 words
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Article68 2013-09-28 25 Sep 26 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.14 -0.55 WTI (Near Mth) 102.94 0.64 Dubai (1-Mth F) 105.21 -0.76 Tapis blend 116.85 -0.74 Minas 107.85 -0.74 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.42 -0.44 Jet Kerosene 121.39 -0.11 US$/barrel OpecOil Basket Price 106.3468 words
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Article72 2013-09-28 25 Sep 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1775.75 1757.50 3 months 1822.00 1804.00 Copper, Grade A (US$/tonne) Cash 7226.50 7170.50 3 months 7251.00 7197.50 Lead (US$/tonne) Cash 2069.00 2046.75 3 months 2097.00 2076.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)72 words
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373 2013-09-28 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 26 Index Change Change Change Change Change Change World Preliminary 1108.4 0.3 18.1 0.3 19.5 0.2 16.3 EAFE Preliminary 914.7 0.2 18.1 0.1 17.4 0.0 14.2 Europe Preliminary 1297.2 0.0 13.1373 words
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PERSPECTIVE
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Article, Illustration987 2013-09-28 26 / 27 Wu Zijian - While there is nothing wrong with policies that are based on a ‘Singaporean first’ principle, it can be taken too far. Abuse of this principle could lead to racism, xenophobia and aggressive nationalism. By Wu Zijian By Wu Zijian ~The writer is the987 words
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Page 26 / 27 Miscellaneous
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Miscellaneous323 2013-09-28 26 / 27 SATURDAY with Ludwig ‘I wanted to invest in precious metals so I bought a gold iPhone.’ CRYPTIC CROSSWORD Across 1 Distinctions that have to be fought for (6,7) 10 Up in arms (7) 11 One’s health-giving cooking device (7) 12 Well-established business (4) 13 Churned up mud at starting line323 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1378 2013-09-28 28 / 29 Genevieve Cua - Ensuring family businesses thrive well into the future is key. WEALTH MATTERS By Genevieve Cua gen@sph.com.sg CHILDREN born with the proverbial silver spoon pose a unique set of challenges for their wealthy parents. With money in abundance, how do you imbue children withPHOTO: SMU - 1,378 words
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Article, Illustration633 2013-09-28 28 / 29 Genevieve Cua - By Genevieve Cua CHEONG Wing Kiat, a third-generation family member involved in managing the Wen Ken Group, takes the concept of stewardship to heart. He calls himself a “TrusteePreneur” and family strategist, and has articulated five principles that apply not just to the business but alsoPHOTO: CHEONG WING KIAT - 633 words
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Article, Illustration821 2013-09-28 30 Flight of funds to sub-Saharan Africa is on the cards as rents in Cairo plunge after MNCs leave the country Reuters Dubai A FLIGHT by foreign companies from violent unrest in Egypt threatens to drive up vacancy rates at offices and malls andReuters; PHOTO: AP - 821 words
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Article300 2013-09-28 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 28 AND SEPT 3, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Spottiswoode 18 Apt 30/08/2013 FH 893 1832 2051 District 5 NON-LANDED Newest Apt 30/08/2013 956300 words
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Article, Illustration872 2013-09-28 31 Rising interest rates increase the danger of falling land values as home-buying becomes more expensive UK PROPERTY Bloomberg London THE only part of the UK real estate market that’s rising faster than London’s luxury homes is the land underneath them. Housing plots inBloomberg; PHOTO: REUTERS - 872 words
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550 2013-09-28 31 Reuters London BRITISH house prices shot up at their fastest annual pace in more than three years in September, data showed yesterday, just hours after the Bank of England (BOE) was told to monitor a government lending scheme more closely. Nationwide BuildingReuters - 550 words
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Advertisement85 2013-09-28 28 / 29 You’ve always known that success goes beyond the balance sheet. Like you, we understand the value of investing in relationships. That’s why Bank of Singapore is dedicated to building on your values of a trusting relationship with private bankers who believe it’s the cornerstone of wealth management. To acquaint yourself85 words
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Advertisement30 2013-09-28 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN STEEL. AL ROY SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AUDEMARSPIGUET .COM30 words
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Advertisement64 2013-09-28 1 BT THE BUSINESS TIMES WEEKEND SEPTEMBER 28 29 2013 Living COMBINE CONQUER Multi-disciplinary collaborations on the rise L2-4 DINING Giving veggies a new spin L5-6 TRAVEL Rise of dark tourism L7 BT CORPORATE GOLF LEAGUE Gearing up for the final tee-off L13 STYLE Climate Control L8-9 MOTORING In the grip64 words
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BT Living
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DINING
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Article, Illustration3118 2013-09-28 2 / 3 Rachel Loi; Debbie Yong - Combine Conquer Multi-disciplinary collaborations are all the rage among young, local entrepreneurs these days. BT Weekend spotlights five new Singaporean brand tie-ups worth supporting By Rachel Loi rachloi@sph.com.sg By Debbie Yong debyong@sph.com.sg RUNNING an independent young brand is tough in Singapore, and with the growing pressures of high rents andPHOTOS: A FOR ARBITE; PHOTOS: LUCENT PICTOGRAPHY, HARRY LIM; PHOTOS: ATOMI; ST FILE PHOTOS; PHOTOS: TEMPORIUM - 3,118 words
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Article, Illustration1071 2013-09-28 5 Debbie Yong; Natalie Koh - The owners of two new eateries skip the well-trodden path of speciality coffee joints or trendy tapas bars to chart their respective culinary course. Debbie Yong and Natalie Koh report By Debbie Yong debyong@sph.com.sg By Natalie Koh btnews@sph.com.sg Cera 906M Upper Thomson Road Z6554 2372PHOTOS: JOSEPH NAIR; PHOTOS: TABLE 24 - 1,071 words
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Article, Illustration1119 2013-09-28 7 Nicholas Yong - Millions of tourists have visited concentration camps, battlefields and other places associated with death and tragedy. By Nicholas Yong By Nicholas Yong MELANIE Olivero can’t forget her visit to Ground Zero in New York last year, at the 9/11 Memorial which now stands at the sitePHOTOS: CTC TRAVEL, JEREMY KOH - 1,119 words
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STYLE
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Article, Illustration1045 2013-09-28 8 / 9 May Yip - With the weather vacillating from torrid to stormy every other hour, the challenge is staying on-trend while protecting oneself from the elements. By May Yip By May Yip APART from housing and COE prices, the next most oft-heard gripe among Singaporeans re- volves around our unpredictable weather. After1,045 words
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HOME & GARDEN
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Article, Illustration977 2013-09-28 10 / 11 Tay Suan Chiang - The home of the Ngs consists of 2 blocks shaped like barns, allowing for nice unencumbered attic space. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg JUST because people don’t farm for a living in Singapore doesn’t mean you can’t live inPHOTOS: ALBERT LIM KS; PHOTOS: JOSEPH NAIR - 977 words
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SPORTS
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Article, Illustration915 2013-09-28 12 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent IF ever there was a right time for Roger Federer to press the panic button, it surely has to be now. Not that the Swiss tennis star will ever admit that there’s a problem with his game, though. HavingPHOTOS: AFP, AP - 915 words
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BT CORPORATE GOLF LEAGUE 2013
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Article, Illustration905 2013-09-28 13 Justine Moss - At the Serapong course, players will need to be particularly proficient with their putters. By Justine Moss btnews@sph.com.sg THE final round of the Business Times Corporate Golf League tees off next week at the magnificent Serapong course at Sentosa Golf Club, which has hostedPHOTOS: TAT HONG, SENTOSA GOLF CLUB - 905 words
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MOTORING
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Article, Illustration586 2013-09-28 14 CY Chew - The Firesand Orange F-Type S exhibits little body roll in tight turns and high-speed sweepers. By CY Chew btnews@sph.com.sg JAGUAR Live is not about a wild cat in the flesh. Rather, it is a customer event organised by authorised distributor Wearnes Automobile in thePHOTOS: CY CHEW - 586 words
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Article, Illustration660 2013-09-28 15 Samuel Ee - The re-introduction of the Lexus ES sedan here marks the return of a popular model. By Samuel Ee By Samuel Ee samuelee@sph.com.sg EVEN Lexus luxury hybrids have to downsize in the never-ending quest for fuel efficiency. The latest to do so is the Lexus ES Hybrid. Lexus hasPHOTOS: SAMUEL EE - 660 words
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HEALTH
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Article, Illustration1114 2013-09-28 16 Michael Lim - Reversing heart defects through gene therapy involves the transfer of genes into defective cells or organs to correct a functional abnormality Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of1,114 words
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Advertisement1069 2013-09-28 6 wine& dine with BTWeekend AquaMarine Marina Mandarin, Singapore Level 4 6 Raffles Boulevard Savour authentic Turkish cuisine at AquaMarine Oct 1-31, 2013 In addition to the delectable International buffet spread, enjoy middle-eastern cuisine at halal-certified kitchens helmed by two guest chefs from Turkey. Authentic Turkish mezzes, mains, and desserts are1,069 words
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Advertisement32 2013-09-28 12 HOME NEE S Can't find your keys? Get a locksmith! To find out more, turn to CLASS 105 in CATS Classified in The Straits Times now >■ -y WAT3 BUY IT*SELL IT-FIND IT32 words
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Advertisement216 2013-09-28 16 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or216 words
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