The Business Times, 2 October 2013

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Microfilm: NL32848
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, October 2, 2013
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  • Article, Illustration
    Lock icon Debt servicing rule dents prices, volumes
    833 1  -  Q3 private property prices up 0.4% but certain segments show decline: URA flash estimates By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] The Total Debt Servicing Ratio (TDSR) framework has made its presence felt, crimping prices and volumes in pocket segments of the private and public residential
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,181.50 (+13.63) GST INDEX FUTURES 3,181.00 (+13.00) GSIMSCI 363.05 (+1.43) GSIMSCI FUTURES 362.80 (+0.90) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.624 2.033 EURO (US$/S$/€ 1.357 1.698 Foreign currency per US$ S$ YEN 98.00 78.30 RM 3.233 2.584 HK$ 7.755 6.197 BAHT 31.13 24.87 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Tuesday Change KL COMP 1,769.03 +0.41 NIKKEI 225 14,484.72 +28.92 HANG SENG Closed SET INDEX 1,408.19 +25.03 JAKARTA COMP 4,345.90 +29.72 MANILA COMP 6,197.84 +6.04 SEOUL COMP 1,998.87 +1.91 SHENZHEN B Closed MUMBAI IND 19,517.15 +137.38 12noon EDT Change DOW 15,197.07 +67.40 NASDAQ 3,809.77 +38.29
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 INDONESIA 13.416 TAIWAN 5.036 JAPAN CANADA KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Markets unfazed by partial US shutdown
    869 1  -  By ROB CURRAN THE US federal government officially shut down partially for the first time since 1996 after Congress failed to reach a compromise on the budget. Even as most stock traders shrugged their shoulders, economists warned that a prolonged shutdown would rattle confidence
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      106 1 EXEC MONEY Feeling bullish about US stock market PAGE 30 COMPANIES StanChart’s private bank ‘open to acquisitions’ PAGE 7 LAND TRANSPORT F1, coming to an Infiniti near you PAGE 21 COMMENTARY Emerging markets in nirvana? Not anymore PAGE 22 *****1 *****4 Deutsche Bank db.com Only a strong bank can set
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      404 2 Debt servicing rule dents home prices, volumes THE Total Debt Servicing Ratio has made its presence felt, crimping prices and volumes in pocket segments of the private and public residential markets. FRONT PAGE Market unfazed by partial US shutdown TRADERS shrugged their shoulders as the US government shut
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    • Article, Illustration
      Lock icon Abe okays consumption tax rise from next April
      869 2  -  By in ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe yesterday took what many see as the biggest gamble of his political career by giving the go-ahead for a hike in Japan’s controversial consumption tax from its current level of 5
      869 words
    • Article, Illustration
      Lock icon HDB resale prices slip in Q3, further declines seen
      749 2  -  Flash data from HDB shows 0.7% fall in index, first decline in over 4 years By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Some analysts have put further price declines for resale Housing and Development Board (HDB) flats on the table, after the
      BT Graphics; Source: HDB  -  749 words
    • Article, Illustration
      Lock icon Weaker PMI casts doubt on China rebound
      567 2  -  By in VIRGINE MANGIN in Beijing CHINA’S official purchasing managers index (PMI) came in at a lower than expected 51.1, the second set of disappointing data in less than a week, data released by the National Bureau of Statistics (NBS) showed yesterday. While
      PHOTO: REUTERS  -  567 words
    • Article
      Lock icon Firms’ anti-graft rules good in theory: EY poll
      712 2  -  Such policies don’t actually work well in practice, say 59% of Singapore execs in fraud survey By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] More than half of the Singapore executives (59 per cent) polled by Ernst Young in its first Asia-Pacific Fraud Survey say
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    • Article, Illustration
      Lock icon SingTel-BPL deal didn’t favour consumers: MDA
      714 4  -  Marketing, pricing curbs deterred subsequent acquirer of broadcast rights By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Last year, as the Barclays Premier League (BPL) broadcast rights hung in the balance, SingTel sealed a highstakes deal that would boomerang on itself. In that deal, bitter rival StarHub
      PHOTO: AP  -  714 words
    • Article
      Lock icon US embassy here suspends nonessential services
      553 4  -  By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] The effect of the US government being in shutdown has trickled down to Singapore, with the US embassy here holding back on non-essential services. An official of the embassy told The Business Times that as of yesterday, it was
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      248 3 Two schools of thought Walks to Bishan MRT in 3 mins Plays tennis with the boys Loves comfort and privacy Fitness buff who loves nature Drives to Orchard Road in 10 mins Works on her tan by the lap pool Values design and style Urbanite who enjoys the city life
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      121 4 World-class integrated solutions in offshore support How a Singapore brand is taking its business to the world. With its origins in 2002, Pacific Radiance has grown into an established integrated solutions provider with a fleet of over 125 vessels. Today, our Singapore headquarters oversees operations across the globe centred on
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      121 5 m SINGAPORE FRINGE FESTIVAL m Ml CELEBRATES 10 YEARS OF BRINGING ART TO EVERY ONE. It gives us great pleasure to add colour to Singapore's art scene for the 10 th year running with the Ml Singapore Fringe Festival. We invite you to explore the relationship between art and the
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SMRT, SBST to be fined $1.1m for rail incidents
      523 6  -  Money collected will be used to help needy families with transport fares By SAMUEL EE samuelee@sph.com.sg RAIL operators SMRT and SBS Transit (SBST) will be fined a total of $1.11 million for five rail incidents. The Land Transport Authority (LTA) yesterday
      ST FILE PHOTOS  -  523 words
    • Article, Illustration
      Lock icon SIAS draws attention to Blumont amid SGX query
      531 6  -  It calls for speedy investigation into unusual price rise By CAI HAOXIANG haoxiang@sph.com.sg INVESTOR lobby group Securities Investors Association (Singapore), or SIAS, has called for a “speedy investigation” into the unusual share price rise in Blumont Group. The call comes even as
      Source: Bloomberg, SGX; Compiled by Cai Haoxiang  -  531 words
    • Article, Illustration
      Lock icon StanChart’s private bank is ‘open to acquisitions’
      629 7  -  It’s very challenging to have sustainable profits as industry consolidates, it says By SIOW LI SEN lisen@sph.com.sg STANDARD Chartered Private Bank is open to growth via acquisitions, as the Asian private banking industry undergoes consolidation, said Rajesh Malkani, Standard Chartered’s Private Bank head
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    • Article, Illustration
      Lock icon KepFels clinches US$440m deal from Clearwater affiliate
      303 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg KEPPEL FELS has secured a US$440 million contract from an affiliate of Clearwater Capital Partners (Clearwater) to build a pair of premium jackup rigs, the company announced yesterday. The wholly owned subsidiary of Keppel Offshore Marine (Keppel O&M) is
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    • COMPANY BRIEFS
      • Article
        Lock icon Yangzijiang bags orders worth US$871m
        51 7 YANGZIJIANG Shipbuilding has secured US$871 million of orders for 12 bulk carriers and five containerships. The 17 contracts are scheduled for delivery in the years 2015 and 2016. As of yesterday, Yangzijiang also had 28 options outstanding for containerships and multi-purpose bulk carriers worth US$1.36
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      • Article
        Lock icon Accord on Asean CIS framework
        92 7 THE Monetary Authority of Singapore, the Securities Commission of Malaysia, and Securities and Exchange Commission of Thailand yesterday signed an agreement to facilitate the cross-border offering of collective investment schemes (CIS) to retail investors in the three countries. The three parties expect to implement the
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      • Article
        Lock icon Jaya delivers vessel to charterer
        65 7 JAYA Holdings yesterday announced the on-time delivery of its second new multi-purpose platform supply vessel (MPSV), Jaya Vigilant, from its Batam yard to a charterer for a term programme in East Africa. The vessel will load a remotely operated vessel (ROV) spread and mobilise across
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      • Article
        Lock icon Capital Tower’s 25th floor partially flooded
        73 7 PART of the 25th floor of the Capital Tower building was flooded yesterday due to an opened water valve on the floor above, affecting JP Morgan’s offices. Lift services for the low-rise (9-20) and mid-rise (22-36) floors were also disrupted. A CapitaCommercial Trust management
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      • Article
        Lock icon Auditors EY red-flags Asian Micro
        57 7 ASIAN Micro Holdings may not be able to continue as a going concern, said its external auditors, Ernst Young, in an emphasis of matter yesterday. The group had incurred net losses for the year ended June 30, and its current and total liabilities exceed its
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    • Article
      Lock icon Vallianz makes move into Middle East
      261 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg CATALIST-LISTED Vallianz Holdings said yesterday that it has entered into an agreement with Swiber Offshore Construction, a wholly-owned subsidiary of mainboard-listed offshore company Swiber Holdings, to buy 50 per cent of its stake in Rawabi Swiber Offshore Services for US$1.45
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      32 6 The latest jobs,hot off the grill. If you’re thinking of making a career change, check out the latest job opportunities career insights in CATS Recruit. Now available on the CATS Classified App
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      Lock icon Page 7 Advertisements Column 1
      417 7 A Cold 5>tora The fresh food people INTERNATIONAL C FAIR Preferred Partner 'aiViericaimI (^XPRESS £1, 2013 VivoCity Level 1 Atrium Now till 7 October, 10am -10pm Daily mt -V. %OFF with purchase of 6 bottles and above in a single receipt. Mix and match any brands and varietals. m kL~
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering helps lift STI
      508 8  -  Index rises 13.6 points after Monday’s 42-point fall; penny stock activity slows but still dominates STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday rose 13.63 points to 3,181.50, most probably due to shortcovering after Monday’s 42-point fall. Similarly, European markets also enjoyed a
      Source: Bloomberg  -  508 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Oct 1 VALUE CLOSE BT OB/OS -124.00 +156.00 BT CADI -*****.00 +54.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 791.19 +6.11 FTSE ST Small Cap 570.86 -0.76 FTSE ST All Share 786.49 +3.50 FTSE ST China Top 204.38 +1.39 FTSE ST China 233.71 +2.48 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME YHM 515,902,000 SingHaiyi 471,340,000 HanKore 436,945,000 Albedo 243,018,000 IPCO Intl 186,077,000 EMS Ener 82,267,000 Rowsley 68,713,000 See Hup Seng 61,794,000 M Devt 53,422,000 Metech Int 52,163,000 VALUE($) SingTel 44,561,215 GLP 44,073,931 Keppel Corp 42,305,330 Blumont 39,653,470 UOB 37,085,490 DBS Grp 36,582,085 Asiasons 34,308,230 HanKore 34,298,120 OCBC
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 3 0 0 0 8 3 3 Manufacturing 54 47 37 11 6 15 65 53 52 Commerce 13 26 22 10 1 2 23 27 24 Tpt/Stor/Comms 14 14 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,271 26,271 70,793 70,793 Manufacturing 451,218 104,054 555,272 140,088 5,527 145,615 Commerce 110,980 333,519 444,499 52,274 21,132 73,407 Tpt/Stor/Comms 61,962 21,132 83,094 102,071 8,585 110,656 Finance 52,339 416 52,755 130,165 172 130,337 Construction 302,678 539,600
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    • Article
      Lock icon BROKERS’ TAKE
      994 8  -  Compiled by CAI HAOXIANG Dairy Farm Oct 1 close: US$10.05 DBS Group Research, Oct 1 DAIRY Farm (DFI) is a leading pan-Asian retailer, operating more than 5,600 supermarkets, hypermarkets, health and beauty stores, convenience stores and home furnishing stores. DFI offers exposure to rising Asian consumption as its
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 8 Stock name Close Change CapMallsAsia 1.970 +0.015 CapitaLand 3.130 +0.040 CapitaMall 1.980 +0.020 CityDev 10.37 +0.120 ComfortDelGro 1.975 +0.005 DBS Grp 16.43 +0.010 GLP 2.950 +0.060 Genting SP 1.440 +0.005 Golden Agri 0.525 +0.005 HK Land 6.690 +0.090 HPH Trust US$ 0.790 +0.010 JMH 55.49 +0.590
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    • Article, Illustration
      Lock icon Pound hits 9-month high against dollar
      448 8 CURRENCIES Bloomberg [LONDON] The pound yesterday strengthened against the US dollar, erasing this year’s decline, as an industry report showing UK manufacturing expanded in September added to evidence that the recovery is gaining momentum. The UK currency climbed to the highest level in nine
      Bloomberg; PHOTO: BLOOMBERG  -  448 words
    • Article
      Lock icon RISES
      106 8 BY CENTS CLOSE UP GLD 10US$ ***** 2329.9 16.9 JMH 5549 73.8 1.1 JSH 3440 68.8 1.6 Great Eastern 1749 44.0 2.6 DBXT FTVietnam 10US$ 2310 28.8 1.0 UOB 2082 15.0 0.7 Asiasons 283 13.0 4.8 CityDev 1037 12.0 1.2 Spore Land 881 12.0 1.4 HK Land 669 11.3
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    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN Jardine C&C 3711 -104.0 -2.7 DBXT MSCHINA 10US$ 1227 -30.0 -1.9 SIA 200 1016 -27.0 -2.6 SIA 1018 -26.0 -2.5 Lyxor MS India 10US$ 1220 -25.0 -1.6 Rowsley 33.5 -23.0 -40.7 Blumont R 236 -21.0 -8.2 DBXT FTChina25 10US$ 2896 -17.5 -0.5 DBXT MSINDO 10us$
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      939 9 FRANCHISING LICENSING ASIA 2013 Exhibition Conference www.FranchiseLicenseAsia.com aaj a 10.30am 6.30pm (Thu Fri) 10.30am 5.30pm (Sat) D UCT O Level 1 Hall B, Marina Bay Sands, Singapore Showcasing innovative and unique business concepts from around the world at the region’s premier franchise trade event! i O'jeV* Australia Canada France Hong
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon PM calls on firms to help those with disabilities
      540 10  -  He cites Mr Bean’s kiosk at Pathlight where autistic kids help out By LEE U-WEN leeuwen@sph.com.sg THE private sector can make a substantial contribution to support people with disabilities in Singapore, said Prime Minister Lee Hsien Loong yesterday. Speaking at Pathlight
      PHOTO: MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  540 words
    • Article, Illustration
      Lock icon Wild Rocket on Mount Emily to close
      525 10  -  By DEBBIE YONG debyong@sph.com.sg EIGHT years after setting out to place modern Singapore cuisine on the global culinary map, iconic local restaurant Wild Rocket is headed for a hiatus. The restaurant atop Mount Emily will close on Dec 1, according to chef-owner Willin
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    • Article
      Lock icon Perennial aborts proposed TripleOne Somerset deal
      252 10  -  By KALPANA RASHIWALA kalpana@sph.com.sg PERENNIAL Real Estate Holdings is said to have aborted its proposed deal to buy TripleOne Somerset after the 17-storey of-fice-and-retail building’s owner raised the asking price to $1 billion. This is higher than the $980 million agreed in a letter
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    • Article
      Lock icon S’pore ranked 49th for volume of e-mail spam sent: Cloudmark
      306 10  -  BY JACQUELYN CHEOK jaccheok@sph.com.sg SINGAPORE has been ranked No 49 in the world for total volume of e-mail spam sent in 2013, according to messaging security firm Cloudmark’s Global Threat Network. The United States topped the rankings, followed by Brazil
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    • Article
      Lock icon Win-win when large firms partner SMEs
      528 10  -  Govt hopes to encourage more of such collaboration By FELDA CHAY By feldac@sph.com.sg TEX-STAR Engineering has been supplying large companies with an array of services such as precision machining and welding for more than two decades, but only recently did the smalland medium-sized manufacturer
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    • Article
      Lock icon S’pore is top after S Korea in going cashless in Asia
      374 10  -  By CARINE LEE carinel@sph.com.sg SINGAPORE is quickly going cashless with 69 per cent of the value of consumer spend made through electronic payments. The global average is 66 per cent. According to the latest The Cashless Journey report released
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    • Article, Illustration
      Lock icon Ex-CJ is first NUS Law distinguished fellow
      359 10  -  By vshiao@sph.com.sg VIVIEN SHIAO vshiao@sph.com.sg FORMER chief justice Chan Sek Keong has joined the National University of Singapore’s Faculty of Law as its first Distinguished Fellow, with effect from today. NUS said yesterday that the term of appointment is on an honorary basis
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    • Article
      Lock icon WDA to get new chief on Nov 1
      189 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg NG CHER PONG, deputy secretary (policy) at the Ministry of Education, has been appointed chief executive of the Singapore Workforce Development Agency (WDA) with effect from Nov 1. Mr Ng, 41, takes over from Goh Eng Ghee, WDA’s
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Tobacco firm ‘shocked’ as M’sia hikes tax by 14%
      509 11  -  Alcohol and gaming could be next in line after this off-budget initiative: analysts By PAULINE NG in Kuala Lumpur WITH Malaysia looking to consolidate its fiscal position, “sin sectors” could be in for a big squeeze in the coming weeks. Over
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    • Article
      Lock icon M’sian A-G cites instances of waste
      497 11  -  They include cost overruns at budget terminal KLIA2 and missing police weapons By in PAULINE NG in Kuala Lumpur MALAYSIANS, already up in arms over the cost of living, are bound to be infuriated by the Auditor-General’s 2012 report of excesses and wastage of
      497 words
    • Article
      Lock icon Indonesia surprises with first trade surplus in 5 months
      439 11 Re uters [JAKARTA] Indonesia recorded a surprise trade surplus for August, its first in five months, offering some relief to the ailing rupiah, but the country’s current account deficit will likely keep weighing on Asia’s weakest currency this year. South-east Asia’s
      Reuters  -  439 words
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      162 11 Come celebrate with us! 3)H -&ECA I( EHPJHEC PA HPL) a-A)H -a!!a:&c+ =/!&-EPcLH a>A!HAC AaJP6 EHLH&<H P LadG!&dHcAPE6 -E>&A APEA PcJ P L>G a-)aA La--HHQAHP aE &LHJ !Hdac AHPR 3a EHJHHdT $>CA GEHCHcA A)&C PJ<HEA&CHdHcAR WcH EHJHdGA&ac GHE EHPJHE ac!6R CENTRAL ?!&--aEJ ?HcAEH ’OKSM# ?)&cPAa:c Va&cA ’OMSO( bXH:‘ ?&A6 4F>PEH
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      387 11 SHOWING NOW! The FUNNIEST show you are likely to see in your ENTIRE LIFETIME! Montreal Gazette ABA Productions The Reduced Shakespeare Company proudly present THE COMPLETE WORKS OF qod Written by Adam Long, Daniel Singer and Jess Winfield TltJ IDG EDI Additional Material by Reed Martin 1-TVU LONDON’S LONGEST-RUNNING COMEDY!
      387 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s fiscal deficit up sharply in April-August
      724 12 But current account deficit up less than expected, likely to ease in coming months Reuters [MUMBAI] India’s current account deficit (CAD) grew less than expected in the June quarter and is tipped to ease in coming months as a pick-up in exports and
      Reuters; PHOTO: REUTERS  -  724 words
    • Article
      Lock icon Reverse mortgage scheme faces uphill battle in China
      584 12  -  Cultural factors may undermine govt plan to help elderly By JULIE ZHU [HONG KONG] As China, the world’s most populous nation, struggles to ensure the well-being of the millions of its senior citizens amid depleting public pension funds, authorities hope to start
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      3392 12 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices C&*T A 0 SIN GHEE HUAT CORPORATION LTD. Company Registration Number: *****0475Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sin Ghee Huat Corporation Ltd. (the “Company”) will be held
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  • WORLD OF OPPORTUNITIES
    • Article, Illustration
      Lock icon Having what it takes to lead today’s companies
      1220 13  -  To grow a successful business, corporate leaders must wield an increasingly wider range of skills. Reports by KAN KWOK LEONG IN March 2011, a senior manager anonymously published an open letter online to Blackberry’s co-CEOs arguing that the threat from Apple and
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    • Article
      Lock icon Maintaining a competitive advantage
      213 13 NEW and improved technology, shifting patterns of market growth, changing customer tastes and increased global competition all work to erode competitive advantage. To stay ahead, organisations and those who work for them need to continually reassess the effectiveness of their strategies and invest to upgrade their
      213 words
    • Article, Illustration
      Lock icon Knowing the intricacies of Asia – a good trait to have
      225 13 Knowing the intricacies of Asia a good trait to have THAM Sai Choy, chairman, KPMG Asia Pacific and managing partner, KPMG Singapore, shares his thoughts on the leadership issues specific to Asia. “Many leadership traits transcend geography and culture, yet there are cultural differences that should not be missed. “The
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      142 13 20 CPA CONGRESS A WORLD OF OPPORTUNITY 9 OCTOBER W RAFFLES CITY CONVENTION CENTRE SINGAPORE think+create CPA AUSTRALIA With a long-running history of showcasing innovative thinkers and industry foresight, the conference will equip you with the tools, strategic knowledge and leadership skills needed to succeed in this ever-changing world. Put
      142 words
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  • WORLD
    • Article, Illustration
      Lock icon Women in Asia confined to low-level jobs
      875 14 Failure to integrate them fully into the workforce is costing the region US$89b Bloomberg [SINGAPORE] At a booth in one of Manila’s biggest malls, 22-year-old Vanessa Tinitigan sells butter lip gloss from the US and hair extensions from South Korea, part of a
      Bloomberg; PHOTO: REUTERS  -  875 words
    • Article, Illustration
      Lock icon Vatican puts out first ever annual report
      627 14 AP [VATICAN CITY] The Vatican took another step in its efforts to be more financially transparent by publishing a first-ever annual report for the Vatican bank yesterday. It comes as Italian prosecutors investigate alleged money-laundering there, a Vatican monsignor remains in detention and
      AP; PHOTO: REUTERS  -  627 words
    • Article
      Lock icon RBA keeps cash rate at record low 2.5%
      526 14 Central bank stays mum on outlook; Aussie dollar rises Reu ters [SYDNEY] Australia’s central bank kept its cash rate at a record low of 2.5 per cent yesterday saying the full impact of past easing was still percolating through the economy, though
      Reuters  -  526 words
    • Article, Illustration
      Lock icon Investors seen becoming more risk-averse
      586 15 But analysts expect US partial shutdown to have little impact on world economy Bloomberg [SINGAPORE] Financial markets could bear the brunt of rising risk aversion while the global economy will probably withstand the US government’s first partial shutdown in 17 years, analysts and policymakers say.
      Bloomberg; BT Graphics: Ludwig Ilio; Source: AFP  -  586 words
    • Article
      Lock icon Sept manufacturing expands at faster pace than forecast
      334 15 LATEST US DATA Bloomberg [WASHINGTON] Manufacturing expanded in September at a faster pace than forecast, indicating US factories will provide a bigger boost to the expansion. The Institute for Supply Management’s index unexpectedly rose to 56.2, the strongest since April 2011, from
      Bloomberg  -  334 words
    • Article
      Lock icon There’s more to Japan’s tax than meets the eye
      515 15  -  Consumption tax, though meagre, has led to two PMs’ fall By in ANTHONY ROWLEY in Tokyo WHAT difference can an extra three percentage points on Japan’s “very low” national consumption tax raising it from 5 per cent to 8 per cent
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    • Article
      Lock icon BOE may oust execs from banks that fail tests
      294 15 Bloomberg [LONDON] The Bank of England (BOE) said that regulators may take steps to remove bank executives if stress tests reveal weaknesses in their governance and capital planning processes. In a discussion paper on planned tests, the BOE said that financial
      Bloomberg  -  294 words
    • Article
      Lock icon Pimco wins big on Fed’s easy-money policy
      1198 18 Firm benefited from programme that it helped to implement Reu ters [NEW YORK] Through the second half of 2011, debate raged in financial markets over whether the US Federal Reserve would embark on a third round of massive bond purchases, known as “quantitative
      Reuters  -  1,198 words
    • Article
      Lock icon Eurozone Sept PMI grows, but at a slower pace
      347 18 Reuters [LONDON] Eurozone factory activity grew for the third month running in September as stronger demand enabled manufacturers to raise prices for the first time since mid-2012, a survey showed yesterday. Although factories didn’t quite maintain the pace of growth seen
      Reuters  -  347 words
    • Article, Illustration
      Lock icon UK unveils work for benefits plan
      524 18 The ‘help to work’ policy targets the long-term jobless AFP [MANCHESTER] Britons who are out of work for several years will be forced to carry out community work to receive state unemployment payments, Finance Minister George Osborne announced yesterday. Speaking at the annual party
      AFP; PHOTO: AFP  -  524 words
    • Article, Illustration
      Lock icon Confidential data about EU antitrust probe sent to banks by mistake
      737 18 Bloomberg [BRUSSELS] European Union regulators inadvertently sent confidential data to 13 of the world’s biggest lenders as part of an antitrust complaint in an investigation of the credit derivatives industry. The European Commission said sensitive information was accidentally left
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      132 14 ”5 Birthday Pleasures re celebrates our 5 lh birthday with a spectacular repertoire of our Greatest Hits. Join us on a gastronomic journey of our Top 10 favourites such as 'orn Fei Past and Award-winning Char Kway Teon amongst many others. In the month of October, complement your dining experience
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      260 15 Often, we overlook the pitfalls of investing and we lose our investment capital. At times, we wonder how we can stretch our dollars and invest to grow our nest eggs. This book analyses the different financial instruments available, such as savings, insurance, stocks and property investments to give us a
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      119 15 Wine, Dine Hospitality Highlights ts o 1 9 Spanish Bar Restaurant VIVOCITY I TAKASHIMAYA SC I SANUR BALI •V is ffavc U 'A NGEE ANN CITY TAKASHIMAYA S.C. SINGAPORE SERENITY SPANISH RESTAURANT 391 Orchard Road, #05-32 Ngee Ann City Takashimaya S.C., Singapore *****2 Reservation Tel: 6235 9989 Open Daily 11,30am
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      4019 16 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BoardR cm Smart Business Solutions BOARDROOM LIMITED (Company Registration No. *****3902Z) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Boardroom Limited (“the Company”) will be held at Seminar Room,
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      115 16 LOST SHARE STOCK CERTIFICATES Notice is hereby given that the following share stock certificates have been reported lost:Singapore Press Holdings Limited (Incorporated In Singapore) Names Certificate Nos Number of Stock Units/Shares The Estate of Sim Nong Howe, *****0 7,067 Deceased QAF LIMITED (Incorporated In Singapore) Names Certificate Nos Number of
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      3213 17 k1 Ventures Limited (Company Registration No.: *****0535W) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting/Closure of Books NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of k1 Ventures Limited (the “Company”) will be held at Four Seasons Hotel, Four Seasons Ballroom (Level 2), 190 Orchard Boulevard,
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      435 18 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF MACQUARIE PRINCIPAL (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****3284G NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT
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      194 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEO RESEARCH PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Reg No. *****2403K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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  • Transport HUB
    • Article
      Lock icon Striking a balance
      721 19  -  There is a need for some very serious rethinking of the basic principles underlying international maritime trade STRAIT TALK By DAVID HUGHES LAST Thursday was World Maritime Day, which the International Maritime Organization (IMO) marked with a symposium in London on the topic of a sustainable maritime
      721 words
    • Article
      Lock icon Bureau Veritas opens deepwater tech research hub
      388 19  -  By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Global assessment and certification services provider Bureau Veritas (BV) opened its Deepwater Technology Research Centre (DTRC) in Singapore yesterday. Supported by the Maritime and Port Authority of Singapore’s (MPA) Maritime Cluster Fund (MCF), the DTRC aims to provide
      388 words
    • Article, Illustration
      Lock icon Foreign investor interest in Westports intense
      506 19  -  Such enthusiasm bodes well for UMW Oil Gas IPO By S JAYASANKARAN in Kuala Lumpur WESTPORTS Holdings’ flotation, expected to raise RM2.12 billion (S$818 million) when it lists its shares later this month, will be Malaysia’s largest initial public offering this year and marks
      506 words
    • Article
      Lock icon Hike in M-E crude refining lifts long-haul tanker rates
      323 19 Bloomberg [LONDON] The biggest expansion in Middle East crude refining on record is driving rates for vessels hauling everything from diesel to jet fuel toward a six-year high. The Middle East will this year increase capacity to process crude by 530,000
      Bloomberg  -  323 words
    • Article
      Lock icon TRANSPORT STOCKS
      247 19 SGX '000 Oct 1 S$ +/-Vol Chuan Hup Hldg 0.27 unch 130 Cosco Corp 0.79 unch 1689 s$ Ezra Hldgs 1.16 0.01 7025 First Ship Lea 0.09 -0.01 577 Freight Links Chuan Hup Hldg Grand Banks 0.29 unch 20 Jaya Hold Ltd Ezra Hldgs K1Ventures 0.21 -0.01 987
      247 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Demand for cargo carriers up 3.6% globally
        462 20  -  Improving business confidence has put air freight demand on an upward trend By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The global cargo market showed some signs of life in August, with demand growing 3.6 per cent year-on-year, after a largely flat performance this year. At
        462 words
      • Article
        Lock icon EU carbon market is top snag in airline deal: India
        616 20 Some nations object to EU curbs without global agreement Bloomberg [MONTREAL] The European Union’s plan to keep its curbs on pollution from airlines is the main hindrance to an international agreement on a carbon market for the industry, according to
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        Lock icon Foreign partners pulled into JAL-ANA Haneda tussle
        626 20 Bloomberg [TOKYO] Japan Airlines (JAL) and ANA Holdings’ fight over additional slots at Tokyo’s Haneda airport, Asia’s second-busiest, is widening to include global airline partnerships seeking access to fly business people right into the heart of the city. Haneda is set to gain
        Bloomberg; PHOTO: REUTERS  -  626 words
      • Article
        Lock icon Dubai could shut int’l airport to boost super-hub
        466 20 Bloomberg [DUBAI] Dubai International airport, which is being expanded to handle 90 million passengers a year, could be shut to boost traffic at a new super-hub under construction in the sheikdom with as much as twice that capacity. Dubai Airports won’t retain
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      • Article
        Lock icon Garuda expands fleet in US$840m ATR deal
        193 20 Bloomberg [JAKARTA] PT Garuda Indonesia will lease as many as 35 ATR 72-600 turboprop aircraft from Nordic Aviation Capital to modernise its regional fleet amid rising travel demand in South-east Asia’s largest economy. Garuda has signed a firm commitment for 25 of the
        Bloomberg  -  193 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon F1, coming to an Infiniti near you
        491 21  -  Vettel-directed Infiniti eyes premium mediumsize sedan segment By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Few premium manufacturers can claim to have a triple world champion developing their cars but Infiniti can, and it is using that to full advantage as it prepares to position itself
        491 words
      • Article
        Lock icon China losing its appeal for luxury carmakers
        502 21 Attention shifting back to main markets like US and Japan Bloomberg [TOKYO] After years of profiting from China’s appetite for high-priced toys, makers of hyper-luxury cars are shifting their focus back to more traditional markets such as the US and Japan. “The US
        Bloomberg  -  502 words
      • Article
        Lock icon High-speed rail won’t hit other projects: UK govt
        257 21 Bloomberg [MANCHESTER] UK Transport Secretary Patrick McLoughlin said that the building of a high-speed rail line between London and the north of England will not suck investment from other transport projects. The line, known as HS2, will make Britain stronger, Mr McLoughlin
        Bloomberg  -  257 words
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      24 19 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FACEBOOK.COM/HOTFMSG I 3* HOTFMSG
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      39 19 H YOUrENTWTO THE£DQR;LjFE i) i =^‘-j*=AT>vrar~v=ABUL)s P f HO'OV AVAILABLE OH iPAO android B0ATING A SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel; 2800 Fax: 852 2868 1799 www.bluincmedia.com Enquiry: queries@bluincmedia.com Subscribe at sub@bluincmedia.com www.asia-pacificboating.com
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  • Page 20 Miscellaneous
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      337 20 CRYPTIC CROSSWORD Across 1 Show up and trim feathers as required (3,4,2,4) 9 Where happy families brag and patience may be welcome (4,5) 10 In the morning I’m off, mate (5) 11 Duck in trouble? Add one garlicky mayo! (5) 12 Den’s sleazier now and then (4) 13 Stampede diverted
      337 words
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      347 21 STPROPERTY SEMINAR Strategy For The Smart Investor HOW TO CAPITALISE ON CURRENT MARKET TRENDS POLICIES The government has recently announced its Future development plans for Bidadari Estate, Punggol Matilda, Tampines North and the Paya Lebar Airbase. How would that, together with the recent HDB housing measures and grants, affect your
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  • EDITORIAL & OPINION
    • Article
      Lock icon QE3 and tapering issues not settled yet
      510 22 EDITORIAL WORRY over the partial US government shutdown may be dominating current headlines but investors would do well to study the implications of a development that immediately preceded the shutdown, namely the US Federal Reserve’s surprise decision not to taper its US$85 billion
      510 words
    • Article, Illustration
      Lock icon China’s latest game: reform versus the ‘seven perils’
      778 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 EVER since the Tiananmen Square massacre of 1989, Western observers have been hoping for a reformer to emerge in China. Thus, in 1990,
      778 words
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      Lock icon Emerging markets in nirvana? Not anymore
      1036 22  -  The party is over and the sooner governments tell their people, the better for everyone By ANDRÉS VELASCO The writer, a former finance minister of Chile, is a visiting professor at Columbia University Project Syndicate IN THE 1970s, the great Yale University economist Carlos
      Project Syndicate; PHOTO: AP  -  1,036 words
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      Lock icon Playing the Medici trick to innovate
      1066 23  -  Intersection innovation combines concepts between multiple fields, generating ideas that leap in new directions By THOMAS MENKHOFF WALTRAUT RITTER Thomas Menkhoff is professor of organisational behaviour and human resources at the Lee Kong Chian School of Business, Singapore Management University (SMU), and academic director
      PHOTO: AFP  -  1,066 words
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      Lock icon Play economics, not politics
      881 23  -  By V SHANKAR The writer is group executive director and CEO, Europe, Middle East, Africa and the Americas, Standard Chartered RECENT events in Egypt made me sit up and think about how fortunate I am to live in the United Arab Emirates (UAE). Living here, it
      881 words
    • Article
      Lock icon Let’s not become ugly Singaporeans
      304 23 LETTER TO THE EDITOR WU Zijian’s article last weekend, “I am Singaporean, therefore I am entitled” (BT, Sept 28), is an interesting and timely reminder of instances of today’s insensitive and (in some cases) offensive behaviour of our fellow Singaporeans towards foreigners. It is one
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  • Article
    Lock icon SHIPPING TIMES
    2443 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
    2,443 words
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      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 Shipping Times
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      73 25 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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      18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3117 26 Transaction date: Oct 1 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller --AAT C'vr Net P/E M Cap Smil 15
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      Lock icon SGX CATALIST
      205 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.6 unch 1460 1.6 1.6 1.6 1.7 25.4 Last Quote Div Gr Yld Net M Cap High
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    • Article
      Lock icon UNIT TRUST & FUNDS
      11370 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.16/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** EM Local Ccy Bond 0.9164/ European Opportunities!’’ 1.2602/ Global Emerging Markets!” 1.8542/ China Opportunities USD!** 0 9787/ Global
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    • Article
      Lock icon GLOBALQUOTE
      249 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 31 Genting HK US$ US41 unch 4615 41 40 40.5 41 2699.7 Last 280 191 TanChongInt HK277 +2 135 277 276 276 279 4.3 2.5
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    • Article
      Lock icon SGX ETF
      863 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 112.6 -2.9 50 115.5 112.6 112.6 115.7 514 143 125 CIMB APAC Div 100S$D 129.4 128.8 129.7 114.4 99.2 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      584 28 Oct 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.98 *****.97 *****.70 Dec13 *****.00 *****.00 *****.00 *****.00 *****2 *****9 Mar14 *****.00 *****.00 *****.00 *****.00 11 309 MSCI TAIWAN INDEX FUTURES SPOT 287.86 289.61 287.68 Oct13 286.80 288.80 284.30 287.50 ***** *****3 Nov13 287.60
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Sep 30 Index Change Change Change Change Change Change World Preliminary 1097.4 -0.7 17.0 -0.7 18.6 -0.6 15.4 EAFE Preliminary 902.1 -1.1 16.5 -1.0 16.4 -1.0 13.4 Europe Preliminary 1282.9 -0.7 11.8
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Oct 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.970 5.768 0.694 7.307 58.625 108.647 0.924 10.109 3.046 1.133 99.761 40.830 1.179 9.405 0.849 27.899 29.329 0.580 0.942 Canada 1.031 5.947
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    • Article
      Lock icon SIBOR
      48 28 Oct 1 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 2 mths 9 mths 12 mths 9 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 28 Oct 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 04-Apr-14 0.28 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.76 5-Year N*****0T 0.5 01-Apr-18 98.31 98.40 98.10 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      137 28 Oct 1 GOLD(US$/oz) Sep 30 Sep 27 Hong Kong 1340.00 1333.00 Sep 27 Sep 30 London 1339.29 1330.46 1340.25 1331.23 Source: Thomson Reuters CAST BAR Oct 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 343 268 10gm 612 536
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    • Article
      Lock icon PALM OIL
      57 28 Oct 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 13 2339.0 2368.0 2377.0 2338.0 520 4768 Nov 13 2304.0 2330.0 2332.0 2285.0 2186 ***** Dec 13 2303.0 2329.0 2332.0 2284.0 ***** ***** Jan 14 2310.0 2330.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Oct 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1788 1.1794 0.9421 0.9425 Canadian dollar 1.2153 1.2159 0.9716 0.9713 Euro 1.6979 1.6981 1.3569 1.3570 NZ dollar 1.0406 1.0408 0.8316 0.8317 Sterling pound 2.0322 2.0329 1.6241 1.6245
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    • Article
      Lock icon CHICAGO BOT
      109 28 Sep 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1282.75 1319.75 1317.00 1280.00 Jan 14 1285.00 1321.50 1318.25 1282.50 Mar 14 1267.00 1298.50 1295.00 1265.25 May 14 1248.50 1273.25 1270.00 1247.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 13
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    • Article
      Lock icon LIFFE
      95 28 Sep 30 COCOA (£/tonne) Close Prev High Low Dec 13 1707 1711 1712 1700 Mar 14 1684 1687 1689 1676 May 14 1670 1674 1675 1663 Jul 14 1659 1664 1665 1653 COFFEE(US$/tonne) Close Prev High Low Sep 13 1582 1582 1582 1582 Nov 13 1642 1611 1644 1609
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1107 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 33 unch 14 0.0 5 -87 57 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Disc Ascendas Reit MB ECW*****3 Expiry Asiatic Grp(Hldgs) Ltd W*****5 3.4 0.1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Sep 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.89 -1.61 WTI (Near Mth) 102.43 -0.34 Dubai (1-Mth F) 104.35 -0.97 Tapis blend 115.86 -1.06 Minas 106.86 -1.06 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.94 -1.56 Jet Kerosene 120.80 -1.16 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Oct 1 S$ Bid Offer 1-month 1.2513 1.2514 2-months 1.2512 1.2514 3-months 1.2512 1.2513 6-months 1.2509 1.2511 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 28 Sep-30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1794.25 1794.25 3 months 1840.00 1840.00 Copper, Grade A(US$/tonne) Cash 7286.00 7286.00 3 months 7300.00 7300.00 Lead(US$/tonne) Cash 2073.25 2073.25 3 months 2100.00 2100.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Oct 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.198 1.141 Can dollar 1.238 1.191 Euro 1.737 1.655 Sterling pound 2.070 1.991 NZ dollar 1.066 1.025 US dollar 1.281 1.220 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 28 Oct 1 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 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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      140 29 UNIQUE ACCESSTO GLOBAL MARKETS FROM THE WORLD'S NO.l CFD PROVIDER Use our exclusive SGD-denominated CFDs to avoid currency exposure on indices and commodities and control your risk with Guaranteed Stops, with premiums from as little as 0.8 pips on forex. Plus access 24-hour trading on leading stock indices A allowing
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  • executive Money
    • Article, Illustration
      Lock icon Feeling bullish about US stock market
      1346 30  -  Fed taper will be in conjunction with accelerating economic growth rates, which should continue to provide support for equities JOANNA SHATNEY The writer is Schroders head of US large cap equities THE US has had four years of surging stockmarket returns, and we sense
      1,346 words
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      Lock icon Looking for more clarity in Fed talk
      1502 29  -  Investors must appreciate that part of Fed’s communications problem is that it is operating in largely uncharted territory By JAMES B STEWART NYT THE recent announcement by Federal Reserve chairman Ben Bernanke that the central bank wouldn’t immediately begin tapering its asset purchases
      NYT; PHOTO: AFP  -  1,502 words
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      83 30 V Tomorrow needs care 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
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