The Business Times, 15 October 2013

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Total Pages: 39
1 40 The Business Times
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  • Title Section
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    18 1 THE BUSINESS TIMES www.businesstimes.com.sg TUESDAY, OCTOBER ‘I5, 2013 S$1.00 MCI (P) 085/O8/2013 SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon Economists cap optimism despite strong Q3 numbers
    930 1  -  Volatility, uncertainty hold them back from raising full-year forecasts for now; MAS keeps S$ policy stance By Teh Shi Ning tshining@sph.com.sg Singapore THE Singapore economy accelerated in Q3 to overtake market expectations with year-on-year growth of 5.1 per cent yielding a smaller than
    930 words
  • Article, Illustration
    Lock icon HDB calls time on assignment of tenanted business space
    881 1  -  By Ong Chor Hao ongch@sph.com.sg Singapore THE Housing Development Board (HDB) yesterday acted to curb rising operating costs and speculation in its rental commercial and industrial properties a move that market watchers said will lead to a more level playing field
    Source: HDB  -  881 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Car sales drive down August retail figures
      586 2  -  Excluding motor vehicle sales, which plunged 41.5%, sales edged up 1.4% By Nisha Ramchandani nishar@sph.com.sg Singapore RETAIL sales slipped 7.8 per cent year on year in August as sales of motor vehicles took a nose dive, according to data released by the Department
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    • Article
      Lock icon Fire-fallout freebies for SingTel’s home customers
      760 3  -  StarHub to unveil details of its own ‘gesture of goodwill and appreciation’ By Joyce Hooi joyceh@sph.com.sg Singapore SINGTEL is going the whole hog, offering months of freebies to customers affected by service disruptions after last Wednesday’s fire at its Bukit Panjang exchange. Even so,
      760 words
    • Article, Illustration
      Lock icon Unabated inflation could tip MAS into tightening: economists
      745 4  -  Central bank renews its commitment to keep Singapore dollar on a rising track By Kelly Tay kellytay@sph.com.sg Singapore A TIGHTENING of monetary policy although not the base case at this point cannot be ruled out at the central bank’s next policy meeting
      Source: CEIC, UOB Economic-Treasury Research  -  745 words
    • Article, Illustration
      Lock icon US Senate leaders still at odds in talks to end fiscal impasse
      834 6 US stocks open sharply lower; Asian markets retreat while US$ sinks against most currencies AFP Bloomberg Washington US stocks opened sharply lower yesterday as Senate Democratic and Republican leaders remained at odds in their last-ditch negotiations to end
      AFP; Bloomberg; PHOTO: REUTERS  -  834 words
    • MARKETS
      • Article
        Lock icon STOCKS
        56 6 HSTI 3,165.25 (-14.46) HSTI FUTURES 3,165.00 (-15.00) HSIMSCI 362.59 (-1.15) HSIMSCI FUTURES 363.30 (-0.90) STOCKS Monday Change KL COMP 1,784.76 -0.99 NIKKEI 225 Closed HANG SENG Closed SET 1,459.84 +2.06 JAKARTA Closed MANILA 6,442.70 -47.10 KOSPI 2,020.27 -4.63 SHENZHEN B 856.19 -0.23 MUMBAI IND 20,607.54 +78.95 12noon EDT Change
        56 words
      • Article
        Lock icon PRIME RATES
        29 6 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.411 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.55 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 6 US$ S$ US$ (S$ per US$) 1.246 (US$/S$ per 1.598 1.990 EURO(US$/S$/€ 1.356 1.690 Foreign currency per US$ S$ YEN 98.30 78.90 RM 3.181 2.553 HK$ 7.755 6.225 BAHT 31.34 25.16 RUPIAH 11,365 9,123 RENMINBI 6.112 4.906 INDIAN RUPEE 61.23 49.15 A$ 1.056 0.848 NZ$ 1.195 0.959
        48 words
    • Article
      Lock icon Food prices push China’s September inflation to 7-month high
      501 7  -  Policy response unlikely as analysts cite typhoon and holiday for the rise By Virginie Mangin btworld@sph.com.sg Beijing INFLATION rose to a seven-month high in September mainly driven by a busy holiday season and bad weather but should not lead to tightening
      501 words
    • Article, Illustration
      Lock icon Abhisit questions Thai rice policy, infrastructure loan
      685 8  -  He says it’s unfair govt hasn’t revealed details about the various projects’ feasibility and costs By Lee U-Wen leeuwen@sph.com.sg Singapore FORMER Thai prime minister Abhisit Vejjajiva has hit out at the current government’s controversial rice pledging scheme and its decision to borrow two
      685 words
    • Article, Illustration
      Lock icon Shanghai FTZ will be good for Hong Kong, says exchange CEO
      896 9  -  A more open China will make HK a more attractive transfer station to the world By Shu-Ching Jean Chen btworld@sph.com.sg Hong Kong HONG KONG’s spot as a regional financial hub is being challenged by Shanghai having set its sights
      PHOTO: BLOOMBERG  -  896 words
    • Article
      Lock icon M’sian govt coy about tackling weak finances
      510 9  -  Issues like subsidies, GST remain sensitive as 2014 Budget nears By Pauline Ng btworld@sph.com.sg Kuala Lumpur WITH about a week to the 2014 Budget, the Malaysian government remains coy about how it intends to deal with its weak finances. This is despite indicating
      510 words
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      396 3 Financial Crisis. Lessons Learnt? For an insight into the after effects of the crash, and how it could still affect your portfolio, get our experts' opinion. Don't miss this month's Substance interview. Go to ubs.com/substance or call +65 *****772 SB b® iTThj We will not rest UBS This material has
      396 words
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      84 5 I r-.v f.rvJn ■;>* r 4 r. i ;.V V' ft ,*1 V. II 'X i f vM .v s Bilingual in English and Chinese See Lee Kuan Yew as few have ever seen him, in tender moments with his wife and children in this new pictorial book with 480
      84 words
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      32 6 CONTENTS NEWS Top Stories 2-9 Companies 10-13 Markets 12 Singapore 14-15 SME Inc 16-17 World 18-24 Aviation 25 Shipping 25 Crosswords 25 Shipping Schedule 26-27 Perspective 28-29 Stocks Stats 31-35 Property 36-39
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      1463 7 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices r [Bag FUNG CHOI MEDIA GROUP LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at YWCA Fort Canning Lodge, 6 Fort Canning Road, Singapore *****4 on
      1,463 words
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  • COMPANIES
    • Article
      Lock icon Two veteran Olam directors stepping down
      485 10  -  Move is part of board succession plans that will also see appointment of a new independent director By Jacquelyn Cheok jaccheok@sph.com.sg Singapore AS PART of a formal board succession plan that was put in place in July this year, two of Olam International’s long-est-serving
      485 words
    • Article, Illustration
      Lock icon Keppel Reit Q3 DPU up at 1.97 cents; trust manager remains upbeat
      464 10  -  By Mindy Tan tanmindy@sph.com.sg Singapore KEPPEL Reit posted a distribution per unit (DPU) of 1.97 cents for the third quarter ended September, up from 1.96 cents a year ago. This came as the real estate investment trust’s income
      ST FILE PHOTO  -  464 words
    • Article
      Lock icon K-Green Trust Q3 earnings up 7.4% at $3.8m
      350 10  -  By Mindy Tan tanmindy@sph.com.sg Singapore K-GREEN Trust’s net profit rose 7.4 per cent to $3.8 million in the third quarter, from $3.5 million a year ago, while revenue for the three months ended September was $17.1 million, up 0.3 per cent from
      350 words
    • Article
      Lock icon Q3 deal activity in region firm
      474 11  -  Outlook remains favourable with several open offers for takeovers and delisting in pipeline By Genevieve Cua gen@sph.com.sg Singapore DEAL activity in Singapore, Malaysia and Indonesia remained robust in the third quarter, says valuation and advisory firm American Appraisal. Nearly US$9.2 billion worth of deals
      474 words
    • Article
      Lock icon Nam Cheong to buy office space at Suntec Tower Three for $30.3m
      283 11  -  By Ong Chor Hao ongc@sph.com.sg Singapore OFFSHORE vessel builder Nam Cheong is buying office space at Suntec Tower Three to house its Singapore corporate office for a price of about $30.3 million. In a regulatory filing yesterday, it
      283 words
    • Article
      Lock icon Ml eyes mid-2014 EPL access; Q3 up 19%
      424 11  -  By Kenneth Lim kenlim@sph.com.sg Singapore M1 might gain enough subscribers to cross-carry English Premier League (EPL) matches on its Internet TV service by mid-2014, its chief executive said as the telco posted a 19.4 per cent increase in net profit for the
      424 words
    • Article, Illustration
      Lock icon STI drops 14 pts in quiet, cautious session
      627 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent A THOROUGHLY boring and featureless session yesterday saw the Straits Times Index drift in low volume to a 14.46-point loss at 3,165.25, a situation not helped by the closure of Hong Kong and China for the
      627 words
    • Article
      Lock icon STI STOCKS
      109 12 Stock name Close Change CapMallsAsia 1.970 CapitaLand 3.130 -0.030 CapitaMall 1.960 -0.005 CityDev 10.36 -0.070 ComfortDelGro 1.895 -0.015 DBS Grp 16.46 -0.010 GLP 2.940 -0.010 Genting SP 1.450 -0.015 Golden Agri 0.525 HK Land 6.360 -0.080 HPH Trust US$ 0.785 JMH 54.75 -1.330 JSH 34.15 -0.350 Jardine C&C
      109 words
    • Article
      Lock icon Viva Industrial Trust to raise $365m via IPO, cornerstone sale
      617 12  -  By Kalpana Rashiwala kalpana@sph.com.sg Singapore VIVA Industrial Trust, a stapled group that will have an initial portfolio of three industrial properties in Singapore valued at $743 million, is seeking to raise a total sum of about $365 million through an
      617 words
    • Article
      Lock icon TOP 20 ACTIVES
      212 12 VOL CLOSE S i ngHa i yi 184 ,250 2 .4 0 .1 4 .3 Sunmoon 180 ,781 0 .2 0 .1 33 .3 Innopac 163 ,490 4 .1 0 .8 1 6 .3 YHM 107 ,879 6 .1 0 .2 3 .2 Albedo 93 ,310 4
      212 words
    • Article
      Lock icon TOP GAINERS
      64 12 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 600.2 5.0 Lyxor Indonesia10US$ 8314 484.4 4.9 DBXT MSINDO 10us$ 1323 48.6 3.0 DBXT MSASPAC 10US$ 375 31.1 7.1 IS MS India 100US$ 598 18.7 2.6 DBXT CSI300 10US$ 771 13.7 1.4 DBXT MSBrazil 10US$ 509 13.7 2.2 Lyxor MS
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    • Article
      Lock icon TOP LOSERS
      59 12 BY CENTS CLOSEDOWN JMH 5475 -165.6 -2.4 GLD 10US$ ***** -123.3 -0.8 JSH 3415 -43.6 -1.0 DBXT FTChina25 10US$ 2958 -21.2 -0.6 DBXT FTVietnam 10US$ 2340 -18.7 -0.6 ShangriLa Asia 1150 -17.7 -8.7 IS MS India 100S$D 728 -14.0 -1.9 DBXT S&P Short 10US$ 2847 -13.7 -0.4 STXPO
      59 words
    • Article
      Lock icon LionGold dismisses rumours of probe by CAD
      293 13  -  Neither the company nor any of its officers were told of an investigation, says gold miner By Cai Haoxiang haoxiang@sph.com.sg Singapore GOLD miner LionGold Corp has responded to a Business Times query about rumours that the company was under investigation by Singapore’s white-collar
      293 words
    • Article
      Lock icon Travelite plans sale of two units to management-linked firm
      379 13  -  By Jasmine Ng jasng@sph.com.sg Singapore SINGAPORE-listed Travelite Holdings plans to sell two of its subsidiaries to Malaysian-based Eted Synergy for RM19.6 million (S$7.5 million) to raise cash to fund its operations and expand into other businesses. Eted is an investment holding
      379 words
    • Article
      Lock icon Pure Beauty Investments plans $16.67m takeover of Singapore Medical Group
      387 13  -  By Kelly Tay kellytay@sph.com.sg Singapore PURE Beauty Investments plans to acquire Catalist-listed Singapore Medical Group (SMG) for $16.67 million. The former announced yesterday, through CIMB Bank Berhad, Singapore Branch, that it intends to make a voluntary conditional cash offer for
      387 words
    • Article
      Lock icon SIIC in 3.1b share placement to raise $260m
      373 13  -  By Kelly Tay kellytay@sph.com.sg Singapore MAINBOARD-listed Chinese water treatment company SIIC Environment Holdings is placing out 3.1 billion new shares to five investors including its controlling shareholder at an issue price of 8.5 cents per placement share. That represents a 13 per
      373 words
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      212 11 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
      212 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Start-ups raising VC funds face irony
      957 14  -  There’s an excess of money and everyone’s looking for good investment openings, but it’s challenging to raise money By Jacquelyn Cheok jaccheok@sph.com.sg RAISING money has become more challenging now given the current uncertain climate in global financial markets, said Suresh Shankar, founder and director
      957 words
    • Briefing
      • Article
        Lock icon Social enterprises to get mentors in new programme
        113 14 THE Ministry of Social and Family Development (MSF) will tap corporate professionals and individual entrepreneurs to help social enterprises strengthen their organisational capabilities and scale up their business operations and social impact. Called the Social Enterprise Mentoring Programme, the pilot scheme to
        113 words
      • Article
        Lock icon IHH Healthcare Bhd appoints new chief
        142 14 IHH Healthcare Berhad, which owns the Mount Elizabeth and Gleneagles hospitals in Singapore, has announced that its managing director Lim Cheok Peng will be succeeded by Tan See Leng from January. Dr Tan is currently the executive director of IHH and group chief executive
        142 words
      • Article
        Lock icon International curator to head NTU art centre
        110 14 THE Nanyang Technological University (NTU) has found an international curator to head its Centre for Contemporary Art as its founding director. Ute Meta Bauer, 55, will also be a professor at NTU’s School of Art, Media and Design. She hails from the Massachusetts
        110 words
      • Article
        Lock icon SLA signs MOU with UniSIM
        64 14 THE Singapore Logistics Association (SLA) has signed a memorandum of understanding (MOU) with UniSIM to renew their partnership in manpower development for the sector for another five years. Under the MOU, they will continue training, grooming and retaining talent in the logistics and supply chain
        64 words
    • Article, Illustration
      Lock icon Bank of S’pore focused on organic growth: CEO
      711 15  -  Parent bank OCBC not in running for Societe-Generale’s Asian private bank business amid industry consolidation By Siow Li Sen lisen@sph.com.sg BANK of Singapore’s (BOS) growth story remains strong and it reflects the underlying trend of Asian private banks going global, said chief
      FILE PHOTO  -  711 words
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  • SME INC
    • Article, Illustration
      Lock icon Sharing the best of India’s cuisine
      1316 16  -  The Rang Mahal stays true to its origins while constantly picking up on new ideas. By Wang Xin Min FOR Ritu Jhunjhnuwala, managing director of the Rang Mahal group of restaurants, the desire to share the best of Indian food with others was what
      PHOTO: ARTHUR LEE  -  1,316 words
    • Article, Illustration
      Lock icon Luxury brands and the Asian psyche
      1142 17  -  Asian consumers may want the status of a luxury label and yet view such ostentation as crass. THE VIEW FROM NTU PROFESSORS By Sharon Ng ~Sharon Ng is an associate professor of marketing at Nanyang Business School, Nanyang Technological University. She is also a
      FILE PHOTO  -  1,142 words
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      Lock icon Page 16 Advertisements Column 1
      65 16 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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  • WORLD
    • Article, Illustration
      Lock icon Indonesia pins hopes on garment industry to drive export growth
      819 18 But higher wages, politics impede progress Reuters Bandung IN PT Trisula International’s hangar-sized factory outside the western Indonesian city of Bandung, hundreds of workers stitch together clothes for some of the world’s top brands. Amid the clatter and hum of
      Reuters; PHOTO: REUTERS  -  819 words
    • Article
      Lock icon Vietnam vows to boost political trust, cooperation with China
      445 18 Bloomberg Hanoi VIETNAM pledged to boost “political trust” with China during Premier Li Keqiang’s visit, as the two Communist countries focus on building economic ties and calming territorial tensions. Mr Li, who arrived in Vietnam on Sunday, and Prime Minister Nguyen
      Bloomberg  -  445 words
    • Article
      Lock icon Too early to consider yuan as HK$ peg: HKMA
      397 19 Yuan is not yet freely convertible and China’s capital account is still not fully liberalised Reu ters Hong Kong HONG KONG has no immediate plan to adopt the Chinese currency as an alternative to its peg to the US dollar even
      Reuters  -  397 words
    • Article
      Lock icon Govt appeal over use of ‘Allah’ upheld
      321 19  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur A GOVERNMENT appeal against a 2009 High Court decision to allow the use of the word “Allah” as a translation for God in a Malay section of a Catholic newsletter was upheld yesterday, implying that Christians could
      321 words
    • Article
      Lock icon Queensland mulls S’pore-type casino resorts
      429 20 Aussie state sees IRs leading to similar gains as those seen by S’pore from RWS and MBS Bloomberg Sydney AUSTRALIA’S Queensland state may issue as many as three new casino licences as it seeks to spur tourism with integrated resorts (IRs) modelled after Singapore’s Marina
      Bloomberg  -  429 words
    • Briefing
      • Article
        Lock icon Eurozone industrial output edges up
        119 20 AFP Brussels Industrial production in the eurozone rose by one per cent in August, official Eurostat data showed yesterday, in a tentative sign that the currency bloc’s struggling economy is beginning to revive. The rise, which was most pronounced in bailed out Portugal, comes a
        AFP  -  119 words
      • Article
        Lock icon US trio bags Nobel Economics Prize
        186 20 AFP Stockholm US trio Lars Peter Hansen, Eugene Fama and Robert Shiller won the Nobel Economics Prize yesterday for groundbreaking work on spotting trends in markets, the jury said. The three “have laid the foundation for the current understanding of asset prices. It relies
        AFP  -  186 words
      • Article
        Lock icon UK retailers set for best X’mas sales growth since crisis
        134 20 Reuters London British retailers are set to enjoy their best growth in Christmas sales since the financial crisis, according to a report published yesterday which forecast that consumers would spend at least £2 billion (S$3.98 billion) more than in 2012.
        Reuters  -  134 words
    • Article, Illustration
      Lock icon More Americans delay retirement plans
      403 20 AP Chicago OLDER Americans, stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82
      AP; PHOTO: AP  -  403 words
    • Article
      Lock icon US corporate earnings growth slows
      656 21 Q3 profit growth for S&P 500 companies down to 1.4% as govt shutdown hits retail sales, slows recovery Bloomberg New York PROSPECTS for a recovery in US corporate profits this year are dimming after third-quarter earnings growth slowed and the federal government’s shutdown hindered trade
      Bloomberg  -  656 words
    • Article
      Lock icon 15% pay rise for new jobs in UK finance sector
      194 21 Reuters London WORKERS who found new jobs in London’s financial services sector last month secured an average 15 per cent salary rise, data from recruiter Morgan McKinley showed yesterday. “With existing organisations exerting pressure to keep staff who have already
      Reuters  -  194 words
    • Article, Illustration
      Lock icon Global vote of confidence in US Treasuries
      1084 22 World leaders hope current impasse is a short-term situation as focus shifts to US Senate to find a deal WP Washington FINANCE chiefs from nations holding more than US$1.3 trillion of Treasuries signalled no plans to sell even as the United States faced
      WP; PHOTOS: BLOOMBERG  -  1,084 words
    • Article
      Lock icon World anti-doping agency probes Jamaica
      270 22 Audit launched into charges of lapses before Olympics AP New York THE world’s anti-doping authority is launching an “extraordinary” audit of Jamaica’s drug testing agency following allegations that its policing of the island’s sprinting superstars led by Usain Bolt all but collapsed in the months
      AP  -  270 words
    • Article, Illustration
      Lock icon Startups drive hot demand for engineers in Silicon Valley
      858 23 Even entry-level engineers can draw lucrative pay amid tussle for talent Reuters San Francisco AMONG Twitter Inc’s highest-paid executives, Christopher Fry’s name stands out. The senior vice-president of engineering raked in US$10.3 million last year, just behind Twitter chief executive Dick
      Reuters; PHOTO: REUTERS  -  858 words
    • Article
      Lock icon Central banks must not be made to do government’s job, says Trichet
      566 24  -  Unconventional steps can’t replace policy reforms, he cautions By Anthony Rowley Washington UNCONVENTIONAL monetary policies do not represent “the new norm” for central banks and they cannot substitute for the policy reforms governments need to make in order
      566 words
    • Article
      Lock icon Coal to surpass oil as top global fuel by 2020: Woodmac
      388 24 Reuters Daegu, South Korea COAL, propelled by rising use in China and India, will surpass oil as the key fuel for the global economy by 2020 despite government efforts to reduce carbon emissions, energy consultancy firm Wood Mackenzie said
      Reuters  -  388 words
    • Article
      Lock icon Asia-Pac net oil imports to top 25m bpd in 2035
      389 24 Reuters Daegu, South Korea NET oil imports in the Asia-Pacif-ic region will rise to more than 25 million barrels per day in 2035, or close to the current crude output in the Middle East, as energy demand growth outpaces the
      Reuters  -  389 words
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      494 19 Gain An Unfair Advantage Over Your Competition Who should attend: Senior Middle Management, Supervisors, Team Leaders, Sates Managers Executives, Corporate Communications and Marketing Managers Executives, Financial Advisors, Real Estate Professionals, Business Owners, Entrepreneurs, Network Marketers, and those who are interested in effective communication and making a lasting impression at work.
      494 words
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  • Page 21 Advertisements
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      54 words
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      41 21 SGD900*Only applicable for healthcareoperators To register, visit www.patientcareasia.com or contact Jiahui at jiahui@sphereconferences.com or +65 6848 5378 Group bookings is available too! Enjoy up to 20% discount if you sign up in groups of 3 or 6. Terms and conditionss apply
      41 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      34 23 Want your with ONEREPUBLIC? TUNE IN TO HOT FM91.3 NOW! 29th October 2013,8pm The Coliseum™ I Resorts World Sentosa Midas Promotions www.midaspromotons.com K K# Aft I L l I V G facebook.com/hotfmsg @hotfmsg www.hotfm.sg
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      Lock icon Page 23 Advertisements Column 2
      58 23 HOT PROPERTY s -I* 4 'High toading bay. Fitted Off^S pi~SHC~HuT(^^ MRT. 2790,3500 820? f g" 9 Convenient. $2psf mm e d Bare Bh vvr!^ TAR A MK. 1873 sf P fe 2^ FACTORY SPACE FOR RENT Check this and many other properties in CATS Classified in The Straits Times
      58 words
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      22 24 Who will be responsible for Shanghai FTZ's risk control? Announcement expected by month's end To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      22 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Airbus expects A380 demand to mend
      443 25 Issues with wing and the global financial crisis had hurt sales of the superjumbo Bloomberg Sydney EUROPEAN Aeronautic, Defence Space expects demand for the Airbus SAS A380 superjumbo, the world’s biggest passenger plane, to recover after issues with the wing and the global financial
      Bloomberg  -  443 words
    • Article
      Lock icon Notorious Somali pirate ‘Big Mouth’ arrested
      215 25 AFP Brussels ONE of Somalia’s most notorious pirate leaders, known as “Big Mouth”, has been arrested in Brussels and placed in custody pending charges, judicial sources said yesterday. Mohamed Abdi Hassan, known as “Afweyne” or “Big Mouth", was being held in Bruges after being
      AFP  -  215 words
    • Article
      Lock icon TRANSPORT STOCKS
      235 25 SGX '000 Oct 14 S$ +/-Vol Ch Offshore 0.42 unch 189 Chuan Hup Hldg 0.28 0.01 983 Oct 14 Cwt Limited...............1.42 0.01 69 First Ship Lea 0.09 unch 372 Freight Links 0.42 Grand Banks unch unch 0 Jaya Hold Ltd 0.67 unch 324 K1Ventures 0.28 Keppel Corp 10.85
      235 words
    • Article
      Lock icon SHIPPING TIMES
      1334 26 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN SALOME FF337 26/09 30/09 02/10 04/10 09/10 16/10 OBERON FF339 07/10 11/10 13/10 15/10 21/10 28/10 TONSBERG FF341 23/10 27/10
      1,334 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      327 25 CRYPTIC CROSSWORD Across 1 Broken carpals? Tests for aids to recovery (7,5) 9 Organised plays, having parts on television (3,6) 10 Flavouring mostly used on a jelly (5) 11 Signature engraved to frame serving dish (6) 12 Gather refusals may be the results of arson attacks (8) 13 Leave current
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Foreign aid not the answer
      1001 28 / 29  -  The absence of state capacity is one of the major causes of poverty and deprivation globally. By Angus Deaton By Angus Deaton ~The writer, professor of economics and international affairs at Princeton University’s Woodrow Wilson School of Public and International Affairs, is the author of
      weaker.Project Syndicate; PHOTO: BLOOMBERG  -  1,001 words
    • Article
      Lock icon South-east Asia can take the lead in clean energy future
      863 28 / 29  -  By Maarten Wetselaar ~The writer is executive vice-president for Shell Integrated Gas SOUTH-EAST Asia, home to nearly 600 million people, has seen robust growth despite two major financial crises. Since 1990, the region has grown at an average of 9
      863 words
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      117 30 > Hi' x <'<'■ 1 0ver 20,000 car listings 2 Over 2 million potential eyeballs for your car monthly Used by more than 95% of car sellers 4 Visited by 96.2% of car buyers a* >v. 1 sgCarMart.com stats Apr 2013 2 Google Analytics July 2013 3 2012: LTA number
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  • SGX
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      Lock icon SGX MAINBOARD
      8080 31 Transaction date: Oct 14 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.5 8Telecom 11.5 -0.3 5 11.5 11.5 11.6 12.1 10.6 1 9.5 55.1 20 3.1 A-Sonic 10 -0.3 1393 10.3
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      Lock icon SGX CATALIST
      1905 34 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 27.5 17.1 t 800 Super 24.5 23.5 25 3.2 4.1 7.6 43.8 6.2 2.8 t AA Grp 4.3 3.5 4.5 215 4.1 55.5 8.2 t
      1,905 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 34 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 3 0 0 0 3 7 3 Manufacturing 32 66 35 4 11 10 36 77 45 Commerce 9 33 15 1 7 4 10 40 19 Tpt/Stor/Comms 7 20 9
      186 words
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      Lock icon BT SHARE INFORMATION SERVICE
      782 34 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 14 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Blumont 11-Oct-13 James Hong Gee Ho *Buy 2500 ***** 1.73 ***** 1.87 G.K. Goh Hldgs 11-Oct-13 GKG
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      Lock icon SECURITIES TRADING TURNOVER
      123 34 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,377 15,377 26,457 26,457 Manufacturing 176,082 108,031 284,113 68,619 1,874 70,493 Commerce 255,060 130,519 385,579 35,497 6,713 42,209 Tpt/Stor/Comms 43,284 28,490 71,774 63,829 12,973 76,801 Finance 171,957 1,127 173,084 63,396 497 63,893 Construction 109,077 112,297
      123 words
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 35 Oct 11 COCOA (£/tonne) Close Prev High Low Dec 13 1779 1767 1781 1762 Mar 14 1762 1751 1764 1747 May 14 1754 1742 1754 1739 Jul 14 1742 1730 1742 1726 COFFEE(US$/tonne) Close Prev High Low Nov 13 1733 1736 1741 1710 Jan 14 1716 1723 1726 1695
      94 words
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      Lock icon METALS
      65 35 Oct 14 GOLD(US$/oz) Oct 10 Oct 11 Hong Kong 1310.00 1295.00 Oct 11 Oct 10 London 1267.89 1300.18 1268.68 1300.98 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.85 26.08 Source: UOB PLATINUM Lon (US$/oz) Oct 11 Close Previous PM Fix 1369.00 1385.00 AM Fix 1383.00 1383.00 Source:
      65 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 35 Oct 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.204 1.147 Can dollar 1.224 1.177 Euro 1.728 1.646 Sterling pound 2.025 1.948 NZ dollar 1.059 1.019 US dollar 1.270 1.210 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 35 YTD change: -0.06% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,931.60 on Nov 16,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
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        Lock icon Hang Seng Index
        24 35 YTD change: +2.48% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 19,426.36 on June 25,2013 (Chart shows Friday’s indexclosing) Source: Bloomberg
        Source: Bloomberg  -  24 words
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        Lock icon Dow Jones Industrial Average
        25 35 YTD change: +16.28% 52-week high: 15,709.58 on Sept 18,2013 52-week low: 12,471.49 on Nov 16,2012 (Chart shows Friday’s indexclosing) Source: Bloomberg
        Source: Bloomberg  -  25 words
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        Lock icon Shanghai Stock Exchange Composite
        21 35 YTD change: -1.38% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
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        Lock icon Nikkei 225
        24 35 YTD change: +38.57% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,488.14 on Oct 15, 2012 (Chart shows Friday’s indexclosing) Source: Bloomberg
        Source: Bloomberg  -  24 words
    • Article
      Lock icon PALM OIL
      57 35 Oct 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 13 2380.0 2375.0 2383.0 2375.0 46 1513 Nov 13 2372.0 2362.0 2377.0 2358.0 997 ***** Dec 13 2376.0 2362.0 2383.0 2358.0 ***** ***** Jan 14 2381.0 2368.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 35 Oct 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****N 21-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-16 101.8 5-Year N*****0T 0.5 01-Apr-18 98.25 10-Year NX*****H 2.750 01-Jul-23
      80 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 35 Oct 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1785 1.1800 0.9464 0.9469 Canadian dollar 1.2024 1.2039 0.9661 0.9656 Euro 1.6887 1.6903 1.3562 1.3564 NZ dollar 1.0415 1.0431 0.8364 0.8370 Sterling pound 1.9895 1.9914 1.5977 1.5980
      155 words
    • Article
      Lock icon CHICAGO BOT
      105 35 Oct 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 13 1266.75 1288.00 1288.00 1266.00 Jan 14 1266.25 1285.50 1286.50 1265.50 Mar 14 1254.00 1272.50 1274.50 1253.25 May 14 1239.50 1255.00 1257.25 1238.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Oct 13 40.11 41.04 40.33
      105 words
    • Article
      Lock icon OIL
      68 35 Oct 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.88 -0.84 WTI (Near Mth) 101.86 -1.06 Dubai (1-Mth F) 107.08 1.76 Tapis blend 119.67 1.81 Minas 110.67 1.81 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.44 1.50 Jet Kerosene 124.60 0.81 US$/barrel OpecOil Basket Price 108.15
      68 words
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      Lock icon LONDON METALS
      72 35 Oct 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1836.00 1836.25 3 months 1881.50 1881.00 Copper, Grade A (US$/tonne) Cash 7177.25 7122.50 3 months 7200.00 7145.00 Lead (US$/tonne) Cash 2080.50 2050.60 3 months 2102.00 2075.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 35 In local curr In S$ In US$ dy yr dy yr dy yr Oct 11 Index Change Change Change Change Change Change World Preliminary 1106.3 0.6 17.9 0.4 18.6 0.6 16.2 EAFE Preliminary 909.6 0.9 17.4 0.8 16.3 0.9 14.0 Europe Preliminary 1296.0 0.6 13.0
      373 words
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  • PROPERTY
    • Article
      Lock icon Mayor seeks Chinese funds to remake London
      535 36 Delegation also intends to expand existing trade and investment cooperation to other industries Xinhua Beijing LONDON Mayor Boris Johnson and his business delegation arrived in Beijing on Sunday, kicking off a campaign to lure Chinese sovereign funds, banks and developers to fund an
      Xinhua  -  535 words
    • Article
      Lock icon UK, China venture to build Manchester business hub
      283 36 Bloomberg London BEIJING Construction Engineering Group Co formed a venture with Manchester Airports Group and other partners to build an international business district in the UK’s second-biggest city. The buildings on the 61-hec-tare site in the north of England will be worth
      Bloomberg  -  283 words
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      Lock icon Stricter lending rules for Norwegian banks
      386 36 Reuters Oslo NORWAY’S banks will have to assume bigger lending losses on residential mortgages from next year, the finance ministry ruled on Sunday, in a move that could force banks to increase capital buffers even further. From Jan 1, banks will have to use
      Reuters; PHOTO: BLOOMBERG  -  386 words
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      Lock icon Call to relax housing rules in New York
      1068 37 Amid scarcity of affordable housing activists call for legalisation of makeshift apartments, cellars, attics NYT New York RAKHA and Mahbub Sarkar spent more than US$4,000 upgrading the cellar apartment of their Queens home. They put in new floors and kitchen cabinets, and
      NYT; PHOTO: BLOOMBERG  -  1,068 words
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      Lock icon Country homes back in vogue in UK
      1233 38 Recovery spreads beyond London thanks to government mortgage guarantee Bloomberg London IT took more than a year for Mark Hudson to find his six-bed-room home in the English countryside. Within weeks of moving in, he got a bid that topped the £1.75 million
      Bloomberg; PHOTO: BLOOMBERG  -  1,233 words
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      Lock icon China’s property bonds offer good returns
      801 39 US$ securities advance in line with housing market demand Bloomberg Hong Kong US DOLLAR bonds issued by China’s developers are delivering five times the global average for debt denominated in the US currency as housing demand strengthens in the world’s most populous nation. Property
      Bloomberg; PHOTO: REUTERS  -  801 words
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      97 37 1 st 2 nd FLOOR PRIME COMMERCIAL SPACE FOR SALE GB BUILDING 143 CECIL STREET »‘V 1 Rare investment opportunity 1 Excellent main road frontage (Cecil Street) 1 Approx 13,067 sq ft 1 Located in the heart of the financial district Within 200m of Tanjong Pagar MRT Station FOR SALE
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      129 39 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 10
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      Lock icon Page 39 Advertisements Column 2
      132 39 Netley Commercial Park savills Netley SA J /4'/ C mm- z f"" ..X > VS. yS< -s kIfs •KI« For Sale Netley Commercial Park, 300 Richmond Road, Netley, South Australia, Australia Offered for sale with a short or long term leaseback to the South Australian Government or vacant possession of
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      575 40 A special Feature brought to you STPROPERT .sg The Changing Face of Singapore How will the government's development plans impact Singapore's built environment? I'm fr > I' WRITTEN BY ELIZABETH CHOONG 5 SSSfi IS 1 v I in I ii During this year's National Day Rally speech, Prime Minister Lee
      575 words