The Business Times, 10 October 2013

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Microfilm: NL32848
Total Pages: 35
1 35 The Business Times
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  • Title Section
    Lock icon Masthead
    44 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, October 10, 2013 The Business Times s$i.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS holdings publication coregnnoi*****868E mci (P) 085/08/20i3 Thursday,October 10,2013
    44 words
  • Article, Illustration
    Lock icon Big car premium hikes 8.4% as COEs spike up
    508 1  -  Cat B rises $7,261 to $93,500; Cat A up $1,249 to $85,000 By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] COE premiums spiked up across the board yesterday, with the big car category unexpectedly closing in on the $100,000 mark. In the first bidding
    FILE PHOTO  -  508 words
  • Article, Illustration
    Lock icon Gencos warm to power futures market scheme
    706 1  -  EMA sop attracts some, but whether they will finally come on board is yet to be seen By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Keen to get an electricity futures market up and running shortly, Singapore has been dangling “carrots” to the generating companies (gencos)
    FILE PHOTO  -  706 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,154.84 (+8.34) GST INDEX FUTURES 3,154.00 (+8.00) GSIMSCI 361.15 (+0.75) GSIMSCI FUTURES 361.10 (+0.40) US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.604 2.008 EURO (US$/S$/€ 1.353 1.693 Foreign currency per US$ S$ YEN 97.30 77.70 RM 3.201 2.557 HK$ 7.754 6.194 BAHT 31.44 25.11 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,769.12 -8.38 NIKKEI 225 14,037.84 +143.23 HANG SENG 23,033.97 -144.88 SET INDEX 1,434.66 +0.60 JAKARTA COMP 4,457.44 +24.93 MANILA COMP 6,377.75 -77.11 SEOUL COMP Closed SHENZHEN B 843.71 +9.13 MUMBAI IND 20,249.26 +265.65 12noon EDT Change DOW 14,775.40 -1.13 NASDAQ 3,660.74 -34.09
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 14.731 TAIWAN 5.036 US 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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  • TOP STORIES
    • Article, Illustration
      Lock icon Obama to tap Yellen for top Fed job
      642 2 If confirmed, she’ll be taking over from Bernanke at crucial time for US economy AP [WASHINGTON] After a lengthy and politically charged search, President Barack Obama has decided to nominate Janet Yellen, the Federal Reserve’s vicechair, to be chairman of the powerful
      – AP; PHOTO: REUTERS  -  642 words
    • Article, Illustration
      Lock icon A savvy and timely move by Obama
      391 2  -  REUTERS BREAKINGVIEWS By DANIEL INDIVIQLIO US President Barack Obama’s pick to be the next Federal Reserve chair looks timed to calm the market. Janet Yellen appears set to get the nod to run the central bank. That will mark a safe, boring end
      391 words
    • Article
      Lock icon Asia-Pacific expected to be world’s richest region by 2018
      527 2  -  By GENEVIEVE CUA gen@sph.com.sg [SINGAPORE] The Asia-Pa-cific is expected to be the world’s wealthiest region by 2018, with total aggregate wealth of US$110 trillion, thanks to strong economic growth. Credit Suisse Research Institute forecasts in its 2013 Global Wealth Report that
      527 words
    • Article
      Lock icon Gold price movements defying logic
      630 2  -  By NEIL BEHRMANN By in London THE big question is why has gold been lacklustre in the face of a US political standoff and monetary easing, a weakness in the greenback, emerging currency upheaval and continued Middle East concerns? Moreover, President Obama's appointment of Janet
      630 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      255 2 Gencos warm to power futures market SINGAPORE, keen to set up an electricity futures market, has been dangling “carrots” to the generating companies. FRONT PAGE Big car COE premium spikes up COE premiums spiked up across the board yesterday, with the big car category unexpectedly closing in on
      255 words
    • Article, Illustration
      Lock icon Board gender diversity here appalling: Bocker
      720 3  -  But SGX chief is against use of quotas as they go against meritocracy By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Magnus Bocker, chief executive of the Singapore Exchange (SGX), says he finds the lack of gender diversity on boards here “appalling”, but that he is not
      PHOTO: BLOOMBERG  -  720 words
    • Article
      Lock icon Asean leaders adopt joint haze monitoring system
      420 3  -  By CHUANG PECK MING in Brunei peckming@sph.com.sg ASEAN leaders have agreed to adopt a joint haze monitoring system, paving the way for more cooperation between Singapore, Malaysia and Indonesia in their fight against the transnational problem. Welcoming the adoption of the Asean Sub-Regional
      420 words
    • Article
      Lock icon GIC invests in infrastructure equity fund
      363 3  -  B)’ MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] The Republic’s sovereign wealth fund GIC has become an anchor investor in IFC Asset Mana g emen t C om p an y s US$1.2 billion infrastructure equity fund. International Finance Corporation (IFC), a member of the World Bank
      363 words
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      Lock icon Page 2 Advertisements Column 1
      590 2 khW cutting through complexity KPMG Seminar Series i Date Monday, 11 November 2013 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore 442 Orchard Road Singapore *****9 Seminar fees KPMG Client Alumni SIATP Member S$396 per participant Standard S$450 per participant A discount of 5% will be given for groups of
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      52 3 \<l(- I 5 A T ft Sir* t*' t "Z v k s r I A -V V d w t; I 4k A IP 1 Villeret Collection IB 173S BlancpaiN MANUFACTURE DE HAUTE HORLOGERIE BLANCPAIN BOUTIQUE MARINA BAY SANDS SHOPPES 2 BAYFRONT AVENUE #B2-237 SINGAPORE *****2 TEL 6 634
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  • COMPANY NEWS
    • Article
      Lock icon S’pore IPO market raises US$1.7b proceeds in Q3
      539 4  -  This is up 39% from Q2 and second highest globally despite QE fears B)’ JASMINE NG jasng@sph.com.sg SINGAPORE has had a “good quarter” in terms of new listings from July to September even as regional worries over the US Federal Reserve’s tapering
      539 words
    • Article
      Lock icon GLP sets growth target for warehouse space in China
      385 4 Bloomberg [HONG KONG] Global Logistic Properties, China’s biggest modern warehouse operator, plans to increase space at new projects by 20 per cent to 25 per cent annually in the next two years as e-commerce grows and retail chains expand. The company,
      Bloomberg  -  385 words
    • Article, Illustration
      Lock icon Multi-industry firms tops in governance
      390 4  -  By MICHELLE QUAH michquah@sph.com.sg COMPANIES in the finance, transport and telecommunication sectors are among the best governed and most transparent in Singapore, according to a new publication released yesterday on the annual Governance and Transparency Index (GTI). “Corporate Governance Highlights 2013” builds on the detailed
      Source: NUSCGIO  -  390 words
    • Article
      Lock icon SingTel’s Optus in A$60m Virgin Australia deal
      301 7  -  By JOYCE HOOI joyceh@sph.com.sg SINGTEL’S Optus has signed a A$60 million (S$71 million) deal with Virgin Australia to provide domestic and international telecommunications services as well as managed services over a span of five years. These services will be delivered over Optus’s managed
      301 words
    • Article
      Lock icon Fire at SingTel facility hits some services
      405 7  -  BY JOYCE HOOI joyceh@sph.com.sg KELLY TAY kellytay@sph.com.sg A FIRE broke out at a SingTel facility in Bukit Panjang yesterday afternoon, sparking disruptions of services in some areas for Singapore’s three telcos. Some services of two local banks were also affected. The fire, which
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    • Article, Illustration
      Lock icon Hin Leong eyes LNG business
      470 7  -  New unit handling LNG, petrochem move now looking at logistics By RONNIE LIM ronnie@sph.com.sg SINGAPORE oil trader and shipper Hin Leong is looking to expand into the liquefied natural gas (LNG) and petrochemicals business and has set up a new company, PetroSingapore Holdings, to handle
      470 words
    • Article, Illustration
      Lock icon Plunge prompts calls for circuit breakers
      1053 8 Almost US$7b wiped out over 3 days as shares of three firms dive Bloomberg [SINGAPORE] The Singapore Exchange (SGX), South-east Asia’s biggest bourse, faces calls from investors to add circuit breakers after a plunge in shares of three commodity companies erased US$6.9 billion in
      Bloomberg  -  1,053 words
    • COMPANY BRIEFS
      • Article
        Lock icon ST Electronics wins $416m contracts in Q3
        36 8 SINGAPORE Technologies (ST) Electronics has secured $416 million worth of contracts for rail electronics, satellite communications and communications projects in the third quarter, its parent ST Engineering said yesterday.
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      • Article
        Lock icon CNA clinches $18m project in Thailand
        26 8 CNA Group has bagged an $18 million engineering, procurement and construction project for a 38,316-sq-m site situated in Sriracha, Thailand.
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      • Article
        Lock icon LottVision’s removal from SGX’s watch-list
        44 8 LOTTVISION will be removed from Singapore Exchange’s (SGX) watch-list today. This follows an approval in principle from SGX.The Hong Kong-headquartered company which develops lottery-related solutions was placed on the list in 2011 after three consecutive years of pre-tax losses.
        44 words
      • Article
        Lock icon Sembawang Shipyard to upgrade US ship
        32 8 SEMBCORP Marine’s Sembawang Shipyard has won a deal for the upgrading of 115,875-GRT (gross register tonnage) passenger ship Diamond Princess from American cruise group Princess Cruises.
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    • Article
      Lock icon Circuit breakers cannot replace stringent policing
      844 8  -  HOCK LOCK SIEW By ANGELA TAN angelat@sph.com.sg THE rise and fall of Blumont Group, Asiasons Capital and other penny stocks have dominated the Singapore stock market, culminating in the Singapore Exchange (SGX) imposing restrictions on the trading of some of the stocks. The ensuing
      844 words
    • Article, Illustration
      Lock icon New Koh Bros plant to double precast output
      411 8  -  By ONG CHOR HAO ongch@sph.com.sg MAINBOARD-LISTED Koh Brothers Group is set to double its annual precast production output, after opening its first precast plant in Senai, one of the flagship zones in the Iskandar region in Johor. The company said yesterday that
      411 words
    • Article, Illustration
      Lock icon Rowsley plans launch of Iskandar units by early ‘14
      554 8  -  By ONG CHOR HAO ongch@sph.com.sg ROWSLEY Ltd, which has transformed itself into a property player, could launch residential units from its key development project in Johor’s Iskandar region by early next year. The company is also confident about demand despite the
      554 words
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      529 4 Global Entrepolis Singapore in FD\T\gl* Global Trends, Asian Insights. 0 28-31 October 2013 Resorts World Sentosa, Singapore LEADERSHIP SME v jy'A u 4 iAjkd'.. Hon. Domingo Secretary, Department of Trade and Industry, Republic of the Philippines Loh lik Peng Founder and Director Unlisted Collection James Urn President, Greater Asia, Becton
      529 words
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      Lock icon Page 5 Advertisements Column 1
      151 5 se? i r I v Wt tl LW.T l Actual photo of Quayside's completed 4.5-acre waterpark and clubhouse AVRA MEDINI ISKANDAR MALAYSIA ill i in I M a ANDAMAN ✓A THE MEWS KUALA LUMPUR CITY CENTRE The E&O Gallery is now at One Raffles Link Visit our new gallery to
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Yellen appointment bullish for stocks
      592 6  -  STI up 8.34 points, blue chips firm, pennies have a weak session but are still the preferred punts STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent CONFIRMATION that the pro-quantitative easing (QE) and dovish Janet Yellen will be appointed the new US Federal Reserve chairman appears to
      Source: Bloomberg  -  592 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Oct 9 VALUE CLOSE BT OB/OS -963.00-146.00 BT CADI -*****.00 -34.00 BT 10-day MA -*****.00 -96.00 FTSE ST Mid Cap 725.59 +1.67 FTSE ST Small Cap 533.12 -0.03 FTSE ST All Share 765.81 +1.82 FTSE ST China Top 202.14 +0.40 FTSE ST China 229.19 +0.60 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 2 0 0 0 6 6 2 Manufacturing 52 48 44 6 9 12 58 57 56 Commerce 12 25 22 3 7 3 15 32 25 Tpt/Stor/Comms 8 16 15
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      933 6  -  Compiled by KENNETH LIM Hiap Hoe Oct 9 close: S$0.80 DMG Partners, Oct 9 THE proposed pre-conditional general offer by Hiap Hoe for Superbowl values the latter at S$244 million based on the offer price of S$0.75, a 15 per cent premium over the last traded price. Both
      Source: Bloomberg  -  933 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,984 21,984 57,168 57,168 Manufacturing 318,933 906,848 1,225,781 99,150 6,146 105,296 Commerce 152,659 463,906 616,565 98,627 24,848 123,475 Tpt/Stor/Comms 80,120 21,898 102,018 97,620 9,519 107,139 Finance 182,248 616 182,864 122,343 256 122,599 Construction 134,995 206,015
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change CapMallsAsia 1.935 +0.015 CapitaLand 3.120 +0.020 CapitaMall 1.955 +0.015 CityDev 10.190 +0.180 ComfortDelGro 1.920 +0.015 DBS Grp 16.370 +0.030 GLP 2.890 Genting SP 1.455 Golden Agri 0.515 HK Land 6.320 +0.020 HPH Trust US$ 0.785 -0.005 JMH 54.930 +0.530 JSH 33.610 +0.110
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    • Article, Illustration
      Lock icon Yuan slips, Aussie and NZ$ near recent highs
      547 6 CURRENCIES Xinhua Bloomberg Reuters [BEIJING] The Chinese yuan weakened 15 basis points to 6.1430 against the US dollar yesterday, according to the China Foreign Exchange Trading System. Yuan forwards declined the most in more than two weeks on concern that a possible
      Xinhua; Bloomberg; Reuters; PHOTO: BLOOMBERG  -  547 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      51 6 VOLUME ICP 813,842,000 Albedo 393,340,000 YHM 195,453,000 HanKore 191,460,000 Innopac 165,194,000 AsiaPhos 87,190,000 IPCO Intl 79,735,000 Asiasons 73,268,000 AdvanceSCT 66,131,000 Blumont 65,715,000 VALUE($) SingTel 47,782,090 Noble Grp 44,997,419 UOB 42,368,438 Keppel Corp 41,359,042 Yangzijiang 30,915,575 DBS Grp 30,304,920 AsiaPhos 29,962,460 GLP 28,668,100 JMH 27,784,122 Golden Agri 23,165,535
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    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 7925 132.7 1.4 JMH 5493 66.4 1.0 DBXT MSINDO 10us$ 1274 31.3 2.0 Lyxor MS India 10US$ 1270 25.0 1.6 DBXT MSMSIA 10US$ 1476 18.8 1.0 CityDev 1019 18.0 1.8 Lyxor China H 10US$ 1410 17.5 1.0 UIC 320 17.0 5.6 CIMBAsean40 100US$
      107 words
    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -137.0 -1.3 GLD 10US$ ***** -80.1 -0.5 Jardine C&C 3506 -49.0 -1.4 DBXT MSUSA 10US$ 4133 -48.8 -0.9 DBXT S&P500 10US$ 2742 -21.3 -0.6 IS MS India 100S$D 700 -16.0 -2.2 MacqIntInfra 10.2 -9.5 -48.2 M1 341 -9.0 -2.6 Venture
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      56 7 PersonalData ProtectionAct Are You ready? We can help you to be ready We can: Train your organisation to comply with PDPA; Draft the required standard forms to comply with PDPA; Draft the PDPA Compliance Manual; Assist in setting up the PDPA compliance system Contact us SL Tan Co Advocates Solicitors
      56 words
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      500 7 0 Hallsville Quarter EDDINGTON& SHERRINGTON COURT HALLSVILLE QUARTER E16 LONDON E16 THE SHARD THE CITY OF LONDON CANARY WHARF TECH CITY Hallsville Quarter LONDON E16 BATTERSEA POWER STATION OLYMPIC STADIUM STRATFORD EMIRATES AIR LINE -r I' CANNING TOWN STATION i r ~v -v *j w THE CRYSTAL’ i BY SIEMENS
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      34 8 GREEN CHAMPS Three Indians who play a passionate role in Singapore’s greening Grey Group CEO: has unique content GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      34 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Asean setting up task force for secretariat
      381 9  -  Panel will beef up secretariat, review processes, institutions before Asean Community ASEAN SUMMIT Reports by CHUANG PECK MING in Brunei peckming@sph.com.sg ASEAN leaders yesterday gave the green light to set up a high-level task force to beef up the regional grouping’s secretariat so
      PHOTO: AFP  -  381 words
    • Article
      Lock icon Public transport faces private car challenge
      544 9  -  Quality must still be a top priority, says transport specialist B)’ SAMUEL EE samuelee@sph.com.sg PRIVATE cars versus public transport was the main focus in a discussion on Singapore’s Land Transport Master Plan (LTMP) 2013 yesterday. In order to make public transport more attractive, “quality
      544 words
    • Article
      Lock icon S’pore workers among world’s least engaged: Gallup poll
      445 9  -  By LEE MEIXIAN leemx@sph.com.sg SINGAPORE, with neighbouring Malaysia, Indonesia and Thailand, has one of the world’s highest proportions of employees described as “not engaged” meaning that they lack motivation and are less likely to invest effort in organisational goals. A Gallup poll
      445 words
    • Article
      Lock icon Analytics to be key thrust area in Singapore
      410 9  -  2,500 professionals will be trained by end-2017: DPM Teo By AMIT ROY CHOUDHURY amit@sph.com.sg SPEAKING at the Interconnect 2013 summit, where IBM announced a slew of new cloud-based analytical capabilities, Deputy Prime Minister Teo Chee Hean yesterday reiterated that Singapore is committed
      410 words
    • Article
      Lock icon PM Lee: Proposed infrastructure bank can complement
      331 9 Inclusive membership will be ideal for the Asian institution, China premier told CHINA’S proposed Asian Infrastructure Investment Bank can complement the role of existing funds to bankroll the enormous infrastructure projects coming on stream in the region, Prime Minister Lee Hsien Loong said
      331 words
    • Article
      Lock icon Court throws out 2nd lawsuit by Kraze against MBS
      651 9  -  Entertainment firm did not pay security for costs on time By GRACE LEONG gleong@sph.com.sg A SOUTH Korean entertainment company which lost its lease to run celebrity nightclubs Pangaea and Avalon at the Marina Bay Sands’ iconic glass-and-steel Crystal Pavilion has failed
      651 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL’s revamp of govt home loan unit to benefit banks
      644 10 Analysts see transfer of RM42b civil servant home loans into banking system [PETALING JAYA] In a new development that will benefit banks, the Malaysian government plans to restructure its housing loan division as it tries to shave the fiscal debt
      644 words
    • Article, Illustration
      Lock icon Indonesia holds rate as inflation pressure eases
      493 10 WP [JAKARTA] Indonesia’s central bank kept its key interest rate unchanged after its most aggressive tightening cycle in almost eight years as inflation pressure eased. Governor Agus Martowardojo and his board held the reference rate at 7.25 per cent, Bank Indonesia (BI) said
      WP; PHOTO: BLOOMBERG  -  493 words
    • Article
      Lock icon COO criticises Jawi, Syariah Court for pursuing book case
      419 10  -  By S JAYASANKARAN in Kuala Lumpur THE chief operating officer of Berjaya Books, which owns Borders bookstores in Malaysia, has criticised a religious state agency and the Syariah Court for continuing to pursue a case against a Borders employee despite the
      419 words
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      170 10 Seller, do you know the value of your property? i I I 1 I mown i rg 1:1 IH rS III 1 T -1 l« a I.« i 3 g Till rr _"b g sg 'I 1 -I t r inniii •■mi i *11.111 m •iS U«lT «'S V RlUIBIil
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  • INDIA/GREATER CHINA
    • Article
      Lock icon McDonald’s India caught in war with sacked MD
      548 11  -  Fast-food chain cites conflict of interest, seeks arbitration in London court By NEETA LAL in New Delhi AN unsavoury war has broken out between American fast-food chain McDonald’s and the former managing director of its operations in India. The burger chain, which
      548 words
    • Article
      Lock icon China aims to triple minimum capital for new foreign banks
      261 11 Reuters [SHANGHAI] China’s banking regulator plans to more than triple the minimum registered capital requirement for new wholly-owned foreign banks and joint-venture banks, a state-owned newspaper reported yesterday. The Shanghai Securities News said that the China Banking and Regulatory Commission
      Reuters  -  261 words
    • Article
      Lock icon China charges chief of tin firm with graft
      431 11 Reuters [BEIJING] Chinese authorities have arrested and charged the chairman of the world’s largest producer of refined tin, Yunnan Tin Co, for accepting bribes, a provincial government said, in the latest example of the country’s crackdown on graft. President Xi Jinping has
      Reuters  -  431 words
    • Article, Illustration
      Lock icon Walmart, Bharti breaking up Indian joint venture
      326 11 Reuters [MUMBAI] Walmart Stores Inc and Bharti Enterprises are breaking up their Indian joint venture and will own and operate separate businesses in the country, the companies said yesterday. Bentonville, Arkansasbased Walmart, the world’s biggest retailer, tied up with Bharti in 2007 and
      Reuters  -  326 words
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      319 11 THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA FIRST GLOBAL LAUNCH Studio 1/2/3 Penthouse Duplex a o v S 9% Iimesb la iTra Puteira of TLspITl J^easltLatoa 'AJJL Exhibition 11am 7pm 07 eA 58 19 20 October 2013 11am-' Shangri La Hotel Gardenia Rooms, Mezzanine Floor 22 Orange Grove Rd, Singapore
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  • WORLD
    • WORLD WATCH
      • Article
        Lock icon Lloyds close to deal with Westpac
        64 12 Bloomberg [LONDON] Lloyds Banking Group, Britain’s biggest mortgage lender, is nearing an agreement to sell its Australian assets to Westpac Banking Corp, said two people with knowledge of the decision. Lloyds may say as soon as this week that it’s in exclusive talks with
        Bloomberg  -  64 words
      • Article
        Lock icon 3 share Nobel Prize in Chemistry
        92 12 Bloomberg [MUNICH] Three scientists won the Nobel Prize in Chemistry for laying the foundation for computer models that can be used to predict chemical processes, providing a powerful aid in developing new drugs. They are Martin Karplus, 83, of the University of Strasbourg and
        Bloomberg  -  92 words
    • Article
      Lock icon Icelanders run out of cash to repay foreign debts
      469 12 Non-krona debt owed by entities due through 2018 totals 700b kronur Bloomberg [REYKJAVIK] Iceland’s private sector is running out of cash to repay its foreign currency debt, according to the nation’s central bank. Non-krona debt owed by entities besides the Treasury
      Bloomberg  -  469 words
    • Article
      Lock icon Yellen the economist and communicator
      536 12 Reuters [SAN FRANCISCO] Janet Yellen, President Barack Obama’s pick to lead the Federal Reserve, combines a solid reputation as an economist with a keen interest in communication fitting for someone who once joked that her dinner guests should expect a discussion on economics. Ms Yellen,
      Reuters  -  536 words
    • Article
      Lock icon A fascinating year for Japan, but it can still do better
      582 12  -  Debt, structural reforms and energy remain key concerns By PAULINE CHIOU Pauline Chiou is a CNN anchor/correspondent and the co-host of ‘World Business Today’ based in Hong Kong. Follow Pauline on Twitter @PaulineCNN. For more business coverage, go to
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    • Article, Illustration
      Lock icon Two factories closed after Thai flooding
      396 12 Reuters [BANGKOK] Flooding at an industrial estate east of the Thai capital has forced the closure of two for-eign-owned factories producing electronic spare parts, but the estate’s operator said other plants there had no plans to halt operations. Thailand is the world’s largest producer
      Reuters; PHOTO: REUTERS  -  396 words
    • Article, Illustration
      Lock icon Here comes the world's first smartphone with curved screen
      494 13 Reuters [SEOUL] Samsung Electronics Co Ltd yesterday launched the world’s first smartphone with a curved display, a variant of the Galaxy Note which moves the Asian giant a step closer to achieving wearable devices with flexible even unbreakable screens. Curved displays
      Reuters; PHOTO: AP  -  494 words
    • Article, Illustration
      Lock icon Take HP’s slide personally, CEO tells employees
      997 13 Firm’s sales and profits are still falling and Wall St is losing patience ANALYSIS Reuters [SAN FRANCISCO] When Hewlett-Packard Co (HP) was removed from the Dow Jones Industrial Average a month ago, chief executive officer Meg Whitman sent an impassioned email to t
      Reuters; BLOOMBERG FILE PHOTO  -  997 words
    • Article
      Lock icon Manila expects to be hit by fallout from US govt shutdown
      507 14  -  Business process outsourcing that provide jobs bearing the brunt By AL LABITA By in Manila LIKE other Asian economies, the Philippines is bracing itself for what could be potentially disastrous fallout from the budgetary woes of the US. As
      507 words
    • Article
      Lock icon BOJ sees global danger from US debt ceiling row
      308 14 Stocks will plunge, interest rates will rise if debt deal is not reached, says official Reuters [MATSUE, Japan] Global stocks could plunge and long-term interest rates rise, dealing a blow to the global economy, if US politicians do not reach a
      Reuters  -  308 words
    • Article, Illustration
      Lock icon Sotheby’s raises record HK$4.2b at HK autumn sales
      529 16 Final result hailed as a success, exceeding its forecasts of US$370m Reuters [HONG KONG] Sotheby’s has celebrated its 40 years of business in Asia by raising a bet-ter-than-expected HK$4.2 billion (S$677.9 million) in Hong Kong, a record for the global auction house’s
      Reuters; PHOTO: AP  -  529 words
    • Article
      Lock icon Microsoft’s Nokia bet leaves developers cold
      509 16 Odds remain stacked against Microsoft even with US$7.2b Nokia deal Bloomberg [SAN FRANCISCO] Microsoft Corp’s US$7.2 billion pairing with Nokia Oyj’s handset business is failing to win over the software developers who are crucial to its success. Consider Tommy Palm and Jeff Smith. Mr
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      Lock icon Sri Lanka to okay tax amnesty for casino venture
      816 18 US$350m venture backed by billionaire James Packer Bloomberg [COLOMBO] Louise Fernandez has visited Sri Lanka about five times in the past decade, drawn by its white sandy beaches, tea plantations and historic temples. The South Asian island is about to give
      Bloomberg  -  816 words
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      54 12 THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT DIKSI UNIVERSAL INC. (the “Company”) NOTICEisherebygiventhattheCompanyisinliquidationand that Zheng Shushan of 65 Chulia Street #42-06 OCBC Centre, Singapore *****3 has been appointed as liquidator of the Company by a resolution of directors dated 2 October, 2013. Dated this 02nd October, 2013
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      252 13 Learn Bu smess Model Innovation s Exponen Peril And tially. Ignore At Your Ownr DECLINE Rap idlyTT i Apple hV Source: Google Finance Extracted Apple, B from 199 from comparison chart o ackberry, and Nokia 3000% Black Berry to 2013 Nokia N k\ a Richard Mak Professor Rajendra Srivastava Scott
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      327 13 GAS GAS ASIA SUMMIT Conference and Workshop Marina Bay Sands I Singapore 30 October -1 November 2013 Partof 9 f SINGAPORE INTERNATIONAL ENERGYWEEK 28 October I November 2013 Book Your Place Now! A GASTECH REGIONAL EVENT Creating Integrated and Sustainable Gas Markets to Fuel Asia Ensuring Security Of Supply In
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      102 13 Gold Sponsor BG GROUP Silver Sponsors CHENIERE Mobil Bronze Sponsor HERBERT :;3 SMITH —5, or 111 n FREEHILLS Associate Sponsor CWZ3 WUZHOU VALVE Industry Supporters China LNG mtmn ASCtPE A S P R I AMOClallon <A Process Indumy GAS Hu. ipfa i GEPaPac 'Jr ENERGY MARKET r Authority Smart Energy,
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      1874 14 WATO NOTICES Hartawan HOLDINGS LIMITED (Company Registration No. *****0950D) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hartawan Holdings Limited (the “Company”) will be held at Hotel Re! Pearl’s Hill, RelJoice, 175A Chin Swee Road, Singapore *****9
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      1462 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices YHM GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6776D) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meaning as used in the circular dated 10 October 2013
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      1344 16 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CREATIVE TECHNOLOGY LTD (Incorporated in the Republic of Singapore) Company Registration No. *****3359D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 31st Annual General Meeting of Creative Technology Ltd (the “Company”) will be held at 31 International Business Park,
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      1259 16 CREATIVE TECHNOLOGY LTD (Incorporated in the Republic of Singapore) Company Registration No. *****3359D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Creative Technology Ltd (the “Company”) will be held at 31 International Business Park, #03-01 Creative Resource, Singapore *****1on30October2013at11.00a.m.(orassoonaspracticableimmediatelyfollowingtheconclusion or adjournment of
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      924 16 HOTEL PROPERTIES LIMITED Company Registration Number *****0348Z (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Estate of Sim Nong Howe, *****1 1 x 1,000 Deceased -do- *****6 1 x 1,000 -do- *****7 1 x 500
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      358 17 AN ASME-LIANHE ZAOBAO AWARD ffM^iS-M I Singapore Prestige Brand Award 13 Overall Winner SPBA Promising Brands Overall Winner, SPBA Established Brands JNEO CARDEN CATERING MONEYMAX SPBA Most Popular Brands SPBA Promising Brands I 3-8 years in Singapore ssssssgi immmmm] feel at home. 9WGW Origin Bcoute Hub JiEVARD Outdoor Inspirations Meditrim
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      1959 18 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LASSETERS INTERNATIONAL HOLDINGS LIMITED Company Registration No: *****2223M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Tenth Annual General Meeting of Lasseters International Holdings Limited will be held at Crystal Suite, Level 2,
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      1780 18 t n git PI n] HAFARY HOLDINGS LIMITED (Company Registration No. *****8637C) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hafary Holdings Limited (the "Company") will be held at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore *****5
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      2248 19 800 SUPER HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****8701K NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (“AGM”) of 800 Super Holdings Limited (the “Company”) will be held at 17A Senoko Way, Singapore *****6 on Friday, 25 October 2013
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      2250 19 WING TAI HOLDINGS LIMITED (Company Registration No. *****0239D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 49thAnnual General Meeting of the Company will be held at Begonia Junior Ballroom, Convention Center Level 3, Marina Bay Sands, 10 Bayfront Avenue, Singapore *****6
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  • SHIPPING
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      Lock icon 3.8m passengers seen for Asian cruises by 2020
      609 20  -  Industry report projects that China will contribute 1.6m passengers By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] The US$2-bil-lion cruise tourism market in Asia is poised to see an unprecedented 14 per cent growth annually to 3.8 million passengers by 2020, with almost half of
      PHOTO: REUTERS  -  609 words
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      Lock icon Celebrity Cruises sets sights on affluent in Asia
      319 20  -  It sees potential as demand for more premium travel rises By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Well-heeled Asian cruise lovers can soon look forward to a more premium offering here. Celebrity Cruises (Celebrity), Royal Caribbean’s luxury brand, yesterday announced that it will be
      319 words
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      Lock icon TRANSPORT STOCKS
      240 20 SGX '000 Oct 9 S$ +/-Vol CH Offshore 0.42 0.01 80 Chuan Hup Hldg 0.27 -0.01 360 Cosco Corp 0.78 0.01 2725 CWT Ltd Vol First Ship Lea Chuan Hup Hldg Freight Links 0.10 unch 4834 Grand Banks 0.23 0.01 566 Jaya Hold Ltd 0.67 -0.01 200 K1Ventures
      240 words
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      Lock icon SHIPPING TIMES
      1333 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
      1,333 words
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      3174 20 WATS NOTICES SILVERLAKE AXIS LTD (incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of SILVERLAKE AXIS LTD will be held at Rendezvous Grand Hotel Singapore, 9 Bras Basah Road, Singapore *****9 on 25 October 2013, Friday at 11.00
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      6 20 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      363 20 CRYPTIC CROSSWORD Across 1 Opportunity to get fish one paid at this gate (8) 5 A maiden locked in hut, disgraced (6) 9 What has flower going over it? (5,3) 10 Copper going about in charge of part of UK easy task? (6) 12 Zoologist learning somewhere down under (6)
      363 words
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      382 21 STPROPERTY SEMINAR STRATEGY FOR THE SMART INVESTOR HOW TO CAPITALISE ON CURRENT MARKET TRENDS POLICIES With the new measures and developments plans in place, how should a property investor respond to the ever-changing investment landscape in Singapore and beyond? Have these BURNING QUESTIONS addressed during our seminar: How will the
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  • EDITORIAL & OPINION
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      Lock icon Employers should appreciate NS as a plus
      482 22 EDITORIAL THE results of a survey by the Institute of Policy Studies on National Service (NS) in Singapore released this week showed some worrying trends, especially when it came to the perceptions of respondents on employers’ attitudes towards NS obligations. While as many
      482 words
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      Lock icon US shutdown shows up the triumph of ideology
      780 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE government “shutdown” can teach us a lot about American politics. Even after it’s over, a central question will remain. Why did they do it? Why did congressional Republicans trigger a shutdown
      The Washington Post Writers Group  -  780 words
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      Lock icon Global bodies still offer the best hope
      1046 22  -  Ordinary people are better off with global institutions, despite their lack of legitimacy By NANCY BIRDSALL The writer is the founding president of the Center for Global Development Project Syndicate UNLIKE in the past, there probably will not be large protests at the
      – Project Syndicate; PHOTO: BLOOMBERG  -  1,046 words
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      Lock icon China’s beauty industry looking good
      1479 23  -  The future for beauty and personal care products is bright with annual sales growth of 15%, well above global norms By MARK MOBIUS The writer is an emerging markets fund manager Cosmetics usage has a long history, not only in China but in the world.
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      Lock icon Slowdown hits Indian media sector
      853 23  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE media industry in India is going through an unsettling churn as it faces the realities of the economic slowdown. Hundreds of cable TV channels, most of them unprofessionally run in an
      853 words
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      Lock icon Ban unsecured trading and contra trading
      429 23 LETTER TO THE EDITOR THE ongoing Asiasons-Blu-mont-LionGold saga throws up many interesting issues. In the midst of all the hand-wringing and scapegoat-seeking, it is advisable to remain cool, look at the bigger picture and seek ways to prevent this from happening again. Some issues
      429 words
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      50 24 PLACE YOUR AD HERE —The Business Times Shipping Times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3185 25 Transaction date: Oct 9 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 188 106 AIMSAMPIReit 15 11.7 8Telecom 19.8 16
      3,185 words
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      Lock icon SGX CATALIST
      253 26 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 1.4 unch 931 1.4 1.4 1.4 1.5 22.3 Last Quote Div Gr Yld Net M Cap High
      253 words
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      Lock icon UNIT TRUST & FUNDS
      11641 26 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 0.912/ European Opportunities!’’ 1.2356/ Global Emerging Markets!” 1.8714/ China Opportunities USD!** 0 9651/ Global
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      Lock icon GLOBALQUOTE
      249 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 31 Genting HK US$ US43.5 +1 8154 43.5 42 43 43.5 2864.3 Sale 281 191 TanChongInt HK281 +4 96 281 277 279 281 4.3 2.5
      249 words
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      Lock icon SGX ETF
      879 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 115.9cd -0.1 2 115.9 115.9 114.5 115.9 529.1 143 125 CIMB APAC Div 100S$D 129.4 129 129.9 114.4 99.2 CIMB
      879 words
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      609 27 Oct 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.89 *****.84 *****.85 Dec13 *****.00 *****.00 *****.00 *****.00 *****8 *****8 Mar14 *****.00 *****.00 *****.00 *****.00 0 312 MSCI TAIWAN INDEX FUTURES SPOT 294.92 295.45 293.39 Oct13 295.10 295.50 292.20 293.90 ***** *****1 Nov13 293.50
      609 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 8 Index Change Change Change Change Change Change World Preliminary 1082.7 -0.7 15.4 -0.6 16.5 -0.6 14.1 EAFE Preliminary 889.4 -0.5 14.8 -0.3 14.6 -0.3 12.2 Europe Preliminary 1271.7 -0.8 10.9
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      Lock icon INTERBANK CROSS RATES
      471 27 Oct 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.979 5.775 0.698 7.317 58.325 108.927 0.919 10.141 3.021 1.139 99.980 40.704 1.181 9.439 0.858 27.820 29.665 0.588 0.944 Canada 1.022 5.899
      471 words
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      Lock icon SIBOR
      52 27 Oct 9 (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$) 1 mth 1 mth 2 mths 2 mths 3 mths 9 mths 6 mths 12 mths 9 mths Source:
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      Lock icon GOVERNMENT SECURITIES
      82 27 Oct 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 04-Apr-14 0.28 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.83 101.90 101.87 5-Year N*****0T 0.5 01-Apr-18 98.43 10-Year NX*****H
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      Lock icon PRECIOUS METALS
      136 27 Oct 9 GOLD(US$/oz) Oct 08 Oct 09 Hong Kong 1330.00 1325.00 Oct 07 Oct 08 London 1323.68 1326.75 1324.51 1327.55 Source: Thomson Reuters CAST BAR Oct 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119 53 5gm 337 263 10gm 601 526
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    • Article
      Lock icon PALM OIL
      57 27 Oct 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 13 2360.0 2369.0 2365.0 2354.0 165 1952 Nov 13 2361.0 2368.0 2370.0 2351.0 2002 ***** Dec 13 2358.0 2369.0 2371.0 2350.0 ***** ***** Jan 14 2357.0 2370.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Oct 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1809 1.1820 0.9434 0.9440 Canadian dollar 1.2064 1.2074 0.9643 0.9638 Euro 1.6931 1.6936 1.3525 1.3526 NZ dollar 1.0371 1.0381 0.8285 0.8291 Sterling pound 2.0078 2.0087 1.6039 1.6043
      155 words
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      Lock icon CHICAGO BOT
      109 27 Oct 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1288.75 1296.50 1305.75 1283.75 Jan 14 1287.75 1297.00 1305.00 1283.25 Mar 14 1275.75 1284.25 1294.25 1270.25 May 14 1256.25 1264.25 1273.75 1249.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 13
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    • Article
      Lock icon LIFFE
      95 27 Oct 8 COCOA (£/tonne) Close Prev High Low Dec 13 1754 1747 1765 1741 Mar 14 1735 1723 1742 1722 May 14 1723 1713 1733 1710 Jul 14 1710 1701 1722 1699 COFFEE(US$/tonne) Close Prev High Low Nov 13 1696 1709 1706 1689 Jan 14 1687 1704 1701 1684
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1149 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 23.5 6.2 330 0.0 5 -83 57 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 1.1 unch 1807 1 4 65 2.82 33 Albedo Limited W*****9 4.3 0.7 *****
      1,149 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Oct 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.75 0.94 WTI (Near Mth) 103.50 0.37 Dubai (1-Mth F) 105.36 1.35 Tapis blend 118.25 1.47 Minas 109.25 1.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.89 2.08 Jet Kerosene 123.17 1.44 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Oct 9 S$ Bid Offer 1-month 1.2517 1.2521 2-months 1.2517 1.2520 3-months 1.2516 1.2519 6-months 1.2512 1.2516 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 27 Oct-08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1818.25 1807.90 3 months 1865.00 1854.00 Copper, Grade A(US$/tonne) Cash 7211.75 7216.50 3 months 7239.50 7245.00 Lead(US$/tonne) Cash 2065.50 2034.75 3 months 2093.00 2062.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Oct 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.207 1.150 Can dollar 1.228 1.181 Euro 1.737 1.655 Sterling pound 2.049 1.971 NZ dollar 1.062 1.022 US dollar 1.274 1.214 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Oct 9 $S Offer Bid 0vernight 0.13 0.08 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ 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
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Pockets of worry in US apartment market
      1071 28 There is growing unease that construction may outpace demand NYT [NEW YORK] Over the last year, the apartment developer Arnie Gregory has opened 236 units in two early 1900s warehouses in the trendy downtown Minneapolis North Loop neighbourhood. All are full and fetching
      NYT; PHOTO: JENN ACKERMAN/THE NEW YORK TIMES  -  1,071 words
    • Article
      Lock icon Texas sees housing boom; shortage sparks bidding war
      882 28 Caught off guard, builders are exhausting construction-ready lots Bloomberg [BOSTON] After losing his third bidding war for a Dallas-area home, Johnny Tseng offered the winner US$10,000 to walk away. The buyer declined. “I thought I made an attractive offer,” said Mr Tseng,
      Bloomberg  -  882 words
    • Article
      Lock icon Househunt
      330 28 PROPERTY TRANSACTIONS BETWEEN SEPTEMBER 11 AND 17, 2013 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN LAND PRICE PSF STREET NAME TYPE DATE AREA* (SQ FT) (S$'000) (S$) District 4 NON-LANDED Corals At Keppel Bay Apt 11/09/2013 99 969 2614 2698 District 9 NON-LANDED Alba Apt 11/09/2013 FH 2250 6290 2796
      330 words
    • Article
      Lock icon China group to purchase land near Melbourne racecourse
      426 29 Greenland’s MOU with Victoria Racing Club aims to unlock significant value Xinhua [CANBERRA]Australia’s leading racing club Victoria Racing Club (VRC) announced yesterday that it has signed a Memorandum of Understanding (MOU) with Greenland Holding Group Overseas Investment Company Ltd, a division of
      Xinhua  -  426 words
    • Article
      Lock icon Foreigners buy half of London’s best homes
      242 29 Bloomberg [LONDON] People living outside the UK have accounted for about half of all new home purchases in London’s best neighbourhoods as affluent investors sought a safe haven from turmoil in the Middle East and Europe’s debt crisis. Foreign-born buyers, including those living
      Bloomberg  -  242 words
    • Article, Illustration
      Lock icon Global economic uncertainty casts pall on industrial property
      1066 30  -  S’pore also expected to face competition from Iskandar soon, says Knight Frank By KALPANA RASHIWALA kalpana@sph.com.sg KNIGHT Frank has presented a cautious picture for Singapore’s industrial property market, citing policies that could restrain its growth. At the same time, the Republic is
      FILE PHOTO  -  1,066 words
    • Article
      Lock icon NZ house prices close to record high
      368 30 Reuters [WELLINGTON] New Zealand house prices held near a record high in September, with strong growth in the nation’s two main cities, while central bank lending restrictions were yet to have an impact, government property valuer Quotable Value (QV) said yesterday. QV’s residential
      Reuters  -  368 words
    • Article, Illustration
      Lock icon Developers gearing up for residential launches
      690 31  -  Sales booking at Nine Residences in Yishun starts tomorrow By KALPANA RASHIWALA kalpana@sph.com.sg A STREAM of private residential projects is expected to make it to the market in the coming weeks with developers having little incentive to hold back launches. First off is Nine
      690 words
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      Lock icon Page 29 Advertisements Column 1
      434 29 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS WITH MINIMAL RISKS. INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus long-term asset appreciation~ Singapore Commercial Buildings in business district with 3-4% returns Bulk sale of
      434 words
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      Lock icon Page 29 Advertisements Column 2
      349 29 LONDON PROPERTY OWNERS IS YOUR PROPERTY EMPTY? WE H PROF Al A Some developments we have pre-let/ let managed ALTITUDE THEARTHOUSE BEZIER THE TOWER STRATA SPACE El 4- BALTIMORE WHARF TRITON 4 THE HERON 4 LIBRARY BUILDING 4 PAN PENINSULAR 4 THE HENSON FREE INSPECTION HANDOVER SERVICE Visit Our Singapore
      349 words
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      Lock icon Page 29 Advertisements Column 3
      228 29 T ri THE MULTI-AWARD WINNING RESORT INTRODUCES NEW STUDIO RESIDENCES. YOURS TO OWN FROM ONLY S$388,000 85 Studio Residences with lushly landscaped garden views and stunning sea views for selected units sizes from 1100 sq ft guaranteed 5% yield p.a. for the first three years* all fully furnished remarkable resort
      228 words
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      159 30 SPECIALISTS IN LONDON LETTINGS AND PROPERTY MANAGEMENT Are you investing in these new London developments? 75 Lehman Street Tower Hamlets E1 New Capital Quay Greenwich SE10 Marine Wharf Greenwich SE10 Payne Borthwick Greenwich SE8 Silkworks Lewisham SE13 Maple Quay Canada Water SE16 Arthouse Kings Cross NW1 Triton Tower Euston NW1
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      Lock icon Page 30 Advertisements Column 2
      212 30 BRAND NEW LIGHT INDUSTRIAL AT ALJUNIED FOR LEASE TOP soon 5-min walk to Raya Lebar MRT Excellent location Fitted bare Sizes from 7,000 to 80,000 sq ft Sharon Chan Dominic Peters 9112 2063 9825 2101 R*****1D R*****1G www. savi lls. com. sg savills Agency No. L*****88B A Singapore Based Boutique
      212 words
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      Lock icon Page 30 Advertisements Column 3
      79 30 -3 WHOLE Buildings s Commercial Office Hotel/ Residential < o olvlo Ucldllb. co 9066 7787 I Modem 5-storey business space with lifts and carpark 99 years, B1 zone 28,500 sq ft (approx.) Ground floor showroom plus upper floors for business space/ warehouse ancillary use For Sale by Private Treaty HUGE
      79 words
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      97 31 Ill The Mohamed Sultan Twins Double Conservation Shophouses with 5,000 sq ft land and potential 3.8 plot ratio A unique opportunity to redevelop a pair of adjacent commercial residential shophouses on Mohd Sultan. I high ceilings, timeless heritage I 999 years, near Robertson able to build 10 storeys at rear
      97 words
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      263 32 FREEHOLD BP St ErJi-' gsas-, .intfffflm i-.-. IBISIII |< HIM W Mil'll:. .V I 53SI !l, -'Ur i jil mm w T:|. ihri H > -SSkM j^r -*w Si r» MSRfi 2Sfc*.« g& A> '■<*. v :V: i V* < S It#. v 7. Artist’s'lmpresston ENJOY THE JOURNEY TO PROSPERITY
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      45 33 The Inventors of theVallee de Joux < ro /V *1 -?> r 8# 858 Si k K Mm T: V V SS30S V :-*3. sis >- 111 tSi-SS f H-V. V V o' it as :-st -%V? m i KL/rtt- *w*3 Si? P^' r: ’> 'rr“ :V A''-' Jaeger-leCoultr^
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      815 34 Since 1833, the Grande Maison has created 1,242 of the world’s smallest and most complicated mechanical watch movements. Reflecting a consistent concern for elegance and performance, each of them is perfectly matched with the proportions of the case housing it. From the iconic Reverso to the 4 v w. v
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      65 35 «Jaeger-leCoultrp> 80 Years Jaeger-LeCoultre presents its unique Hybris Mechanica collection in Singapore Va z I 7^ r /i pr Bui u»i ss S5 ss o’ 3 m 5 Y i v 4 g* JO v f w :*r e* > *#>- ih*» ■4 -r I I October viO 13 flB
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