The Business Times, 18 October 2013

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Microfilm: NL32849
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, October 18, 2013
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  • Article
    Lock icon Budget deal sets stage for robust Q4 on Wall St
    797 1  -  But the 16-day shutdown in the US may leave a visible scar on its economy By ROB CURRAN LATE Wednesday night, the US Congress forged a bipartisan deal to end the two-and-a-half week US government shutdown, avert a default on
    797 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,186.62 (+12.59) GST INDEX FUTURES 3,186.00 (+12.00) GSIMSCI 365.29 (+1.11) GSIMSCI FUTURES 365.30 (+1.60) US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.607 1.994 EURO (US$/S$/€ 1.364 1.693 Foreign currency per US$ S$ YEN 97.90 78.80 RM 3.147 2.535 HK$ 7.754 6.246 BAHT 31.04 25.00 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,797.42 +6.05 NIKKEI 225 14,586.51 +119.37 HANG SENG 23,094.88 -133.45 SET INDEX 1,469.09 +4.71 JAKARTA COMP 4,518.93 +26.67 MANILA COMP 6,560.88 +77.31 SEOUL COMP 2,040.61 +6.00 SHENZHEN B 853.90 -0.26 MUMBAI IND 20,415.51 -132.11 12noon EDT Change DOW 15,323.35 -50.48 NASDAQ 3,851.06 +11.63
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 INDONESIA 14.636 TAIWAN 5.036 JAPAN CANADA KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon An unacceptable hostage situation
    779 1  -  COMMENTARY VIKRAM KHANNA vikram@sph.com.sg Associate Editor ‘IF I WAS your high school teacher, I would give all of you a D-minus,” wrote one commentator in a New York Times blog post yesterday, addressing the US Congress, whose Republican wing came close to forcing a US debt
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      150 1 EXECUTIVE LIFESTYLE The art fair explosion PAGE 34 CORPORATE RESULTS SGX Q1 profit up 24% PAGE 6 PROPERTY M&L gets nod to expand Sydney hotel PAGE 24 RAFFLES CONVERSATION aAt the end of day, we live or die by whether we have impact. b Dominic Barton, CEO of McKinsey Co,
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      466 2 Budget deal sets stage for robust Q4 for Wall St LATE on Wednesday, US Congress forged a bipartisan deal to end the two-and-a-half week US government shutdown, avert a default on Treasury bonds and set up a strong fourth quarter for US economy and stocks. FRONT PAGE NODX
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    • Article, Illustration
      Lock icon NODX contraction eases in September with 1.2% dip
      550 2  -  Shipments to US, China recovered strongly; electronics still weak By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Non-oil domestic exports (NODX) fell year-on-year for an eighth consecutive month in September, though the contraction was narrower than market forecasts, as higher non-electronic exports such as
      Source: IE Singapore  -  550 words
    • Article
      Lock icon Clarification
      76 2 IN our report titled “Car sales drive down August retail figures” (BT, Oct 15), we quoted Selena Ling, head of treasury research strategy for OCBC Bank, as saying: “Retail sales rose 2.7 per cent year-on-year in 2012 and 4.5 per cent the year before, but look set to contract
      76 words
    • Article, Illustration
      Lock icon Improving tertiary education not just a numbers game: PM Lee
      618 4  -  Unis must provide skills relevant in the future and which lead to good jobs By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE]The government’s efforts to improve Singapore’s tertiary education system cannot be just about increasing the number of university places, says Prime Minister
      PHOTO: SEAH KWANG PENG/ THE STRAITS TIMES  -  618 words
    • Article
      Lock icon HK’s dollar peg faces US tapering concern
      883 4  -  But top HK official says peg has spurred prosperity l3)’/ SHU-CHING JEAN CHEN in Hong Kong NOW that Hong Kong’s dollar peg has crossed a milestone it celebrated its 30th anniversary yesterday –it faces an immediate threat. Will it safeguard the city from
      883 words
    • Article
      Lock icon EC’s aviation emission move raises concerns
      609 4  -  This undermines ICAO bid for global system, say players By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] A revised proposal by the European Commission (EC) to extend the EU emissions trading system (ETS) to all flights operating in European airspace from next year has been met with
      609 words
    • Article
      Lock icon Malaysia’s property sector fears S’pore-type measures
      504 4  -  Severe blow if Budget 2014 makes such drastic moves BY PAULINE NG in Kuala Lumpur WITH flagging residential sales, Malaysia’s property market would be dealt a crushing blow should overly drastic tightening measures including upfront buyer and seller stamp duties be introduced in Budget
      504 words
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      120 3 Depuis 1775 raas 4 m r A 7k V' ■A' I'i ■lv iv■ I m. •»«S. iw ■>' s fcft? X f V'tS IT vuVUv*' Breguet, the innovsM^^ Invention of the shock-protection^evicefr^T Inspired by “subscription watches”, the Tradition 7027BR model daringly symbolizes the Breguet art of watchmaking through a subtle
      120 words
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      202 4 THE SOUND VISION SPECIALIST AV ONE 2013 COLLECTIONS Parrot Wireless Series Zik Headphone $580 JV Zikmu Now: $2,688 Zikmu Solo Now: $1,688 I Zikmu designed by Philippe Starck Black,White, Red Available Subsidiary Company One Living BESPOKE INTERIORS Design Renovation Construction For enquiries please call: KH 8323 8787 Angela 8612 8787
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      98 5 PERFECT Franck Muller Skeleton Giga Tourbillon Sincere Fine Watches Timpani JONATHAN FOX, PRINCIPAL PERCUSSIONIST PRINCIPAL TIMPANIST Singapore Symphony Orchestra wnr m 0 L GENEVE ra f HARMONY Devoted to perfection. S.C. Shopping Centre ALFRED DUNHILL BERLUTI CARTIER CELINE CHANEL CHANEL WATCH AND FINE JEWELLERY CHLOE CHOPARD CHRISTIAN DIOR CHRISTIAN LOUBOUTIN
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  • COMPANY NEWS
    • Article
      Lock icon OUE trust to buy Shanghai building
      209 6 Office/retail complex valued at 2b yuan to be acquired from Lippo China Resources Reuters [SINGAPORE] OUE Commercial Trust, a property trust controlled by Singapore-listed developer and hotelier OUE Ltd, will buy an office and shopping complex in Shanghai ahead of a listing that is
      Reuters  -  209 words
    • Article, Illustration
      Lock icon SGX’s Q1 net profit rises 24% to $92m
      478 6  -  Operating revenue up 15% as securities and derivatives contributions grow By JASMINE NG jasng@sph.com.sg SINGAPORE Exchange (SGX), operator of Southeast Asia’s biggest stock market, said fiscal firstquarter earnings rose 24 per cent as revenue from securities and derivatives trading grew. Net profit
      PHOTO: REUTERS  -  478 words
    • Article
      Lock icon Tell investors why CPFIS stock Chasen crashed
      741 6  -  HOCK LOCK SIEW B y R SIVANITHY sivan@sph.com.sg WHEN Chasen Holdings’ shares plummeted almost 19 cents or 54 per cent on Wednesday to 15.9 cents, in heavy volume of 58 million shares, conventional market wisdom was that the selling must somehow be connected
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    • Article, Illustration
      Lock icon Keppel Corp Q3 profit up 32% to $457.6m
      611 7  -  Higher contribution from property makes up for lower profit from offshore By MALMINDERJIT SINGH msingh@sph.com.sg KEPPEL Corporation yesterday posted a third-quarter net profit of $457.6 million, up 32.1 per cent from $346.4 million a year ago, as higher contributions from its property
      FILE PHOTO  -  611 words
    • Article
      Lock icon Cosco unit wins two deals worth US$233m
      223 7  -  By KELLY TAY kellytay@sph.com.sg A SUBSIDIARY of Cosco Shipyard Group a 51 per cent-owned unit of main-board-listed Cosco Corporation (Singapore) has secured two contracts worth US$233.31 million. Both were clinched by Cosco (Dalian) Shipyard Co, for orders to build one car- go and
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    • Article, Illustration
      Lock icon ISDN looking to raise up to $150m in bonds
      808 10  -  Engineering firm close to Myanmar govt approval for coal power project By CAI HAOXIANG haoxiang@sph.com.sg AS it closes in on Myanmar government approval to develop the largest coal power plant in the country, ISDN Holdings is embarking on a round of
      Source: Bloomberg; PHOTO: YEN MENG JIIN  -  808 words
    • Article, Illustration
      Lock icon OCBC sees sharp rise in interest rate hedges
      636 10  -  Bank wins Regional Derivatives House of the Year award for helping clients mitigate risks BY SIOW LI SEN lisen@sph.com.sg MARKET volatility may be unnerving to most people but this is the time for bankers to prove their mettle and sell solutions or
      636 words
    • Article
      Lock icon Blumont gets US$200m funding from US hedge fund
      291 10  -  By KELLY TAY kellytay@sph.com.sg STERILISATION and mining company Blumont Group has secured US$200 million of funding from Platinum Partners Value Arbitrage Fund LP, a New York-based global investment fund. Under a binding term sheet entered into yesterday, Blumont will issue redeemable convertible
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    • Article
      Lock icon MLT posts Q2 DPU of 1.82ct
      397 10  -  By MINDY TAN tanmindy@sph.com.sg MAPLETREE Logistics Trust posted a distribution per unit (DPU) of 1.82 cents for the second quarter ended September, an improvement of 6.4 per cent from 1.71 cents a year ago. Distributable income to unitholders rose 7.5 per cent to $44.5
      397 words
    • Article, Illustration
      Lock icon Qian Hu records $88,000 profit in Q3
      414 10 By CAI HAOXIANG haoxiang@sph.com.sg ORNAMENTAL fish seller Qian Hu Corporation reported a net profit of $88,000 for its third quarter ended Sept 30, reversing from a $10.1 million loss the same period a year ago caused by its disposal of its Malaysian subsidiary,
      FILE PHOTO  -  414 words
    • Article
      Lock icon Nikko Asset Management acquires TAAM
      339 10  -  By GENEVIEVE CUA gen@sph.com.sg NIKKO Asset Management has acquired Asia Pacific investment manager Treasury Asia Asset Management Ltd (TAAM) for an undisclosed sum. TAAM was co-founded by Peter Sartori in 2005 to invest in Asia Pacific ex-Ja-pan equities. It manages around US$300 million for institutional
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      1219 6 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Third Quarter And Nine Months 2013 Financial Statement 1. UNAUDITED RESULTS FOR THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2013 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the
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      217 7 YE R END SALE Enjoy up to 70% SAVINGS 65 Mohamed Sultan Road Singapore *****3 Tel: 6734 3425 6235 3221 Fax: 6235 3762 sales@lemerciers.com www.lemerciers.com Opening Hours Mon-Sat 10.30am-7pm, Sun PH 10.30am-7pm NSX s The all-new BMW 4 Series Coupe n-;-I |*<S£ I*-'.' ;’T11 > V i Sheer www.bmwasia.com Driving
      217 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Sigh of relief over US debt-limit accord
      599 8  -  But STI fails to cling to intra-day high as HK ends weaker and Europe opens lower STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent NEWS that US lawmakers had agreed to raise the country’s debt limit yesterday lifted the Straits Times Index by 12.59 points
      Source: Bloomberg  -  599 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Oct 17 VALUE CLOSE BT OB/OS -504.0 +182.0 BT CADI -*****.0 +100.0 BT 10-day MA -*****.00 -50.00 FTSE ST Mid Cap 733.27 +3.14 FTSE ST Small Cap 536.12 +2.77 FTSE ST All Share 773.33 +3.17 FTSE ST China Top 204.72 +0.46 FTSE ST China 232.64 +1.06 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 5 0 0 0 7 3 5 Manufacturing 46 49 45 8 9 6 54 58 51 Commerce 26 15 20 6 2 3 32 17 23 Tpt/Stor/Comms 19 9 11
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    • Article
      Lock icon BROKERS’ TAKE
      869 8  -  Compiled by Teh Shi Ning Keppel Land Oct 17 close: $3.67 Maybank Kim Eng Research, Oct 17 WE reiterate our BUY call and TP of S$4.80 on Keppel Land (KepLand), which managed to sustain its China residential sales momentum in Q3-13, selling a further 1,130 homes valued at
      869 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,581 13,581 33,620 33,620 Manufacturing 235,118 126,399 361,517 121,203 18,357 139,559 Commerce 182,466 127,747 310,213 70,148 7,602 77,749 Tpt/Stor/Comms 80,715 16,115 96,830 135,304 7,028 142,332 Finance 151,446 337 151,783 168,395 131 168,525 Construction 71,386 377,364
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.985 +0.020 CapitaLand 3.190 +0.050 CapitaMall 1.945 -0.005 CityDev 10.440 -0.030 ComfortDelGro 1.905 +0.005 DBS Grp 16.510 -0.060 GLP 3.040 +0.060 Genting SP 1.465 -0.005 Golden Agri 0.520 HK Land 6.360 +0.030 HPH Trust US$ 0.775 -0.005 JMH 55.480 +0.850 JSH
      112 words
    • Article, Illustration
      Lock icon US dollar falls against most major currencies
      502 8 CURRENCIES Reuters [LONDON] The dollar fell against a basket of currencies yesterday as investors marked a deal to end the US debt stalemate by focusing on the economic impact of the government shutdown. Analysts said the two weeks of uncertainty that knocked investor
      Reuters; PHOTO: AFP  -  502 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      50 8 VOLUME YHM 376,191,000 SingHaiyi 237,629,000 AdvanceSCT 147,139,000 Innopac 134,403,000 HanKore 123,668,000 Sunmoon 103,801,000 Jubilee 72,559,000 Albedo 69,723,000 ChasenHldg 42,100,000 AsiaPhos 37,619,000 VALUE($) SingTel 85,562,098 OCBC Bk 80,535,127 DBS Grp 45,355,407 GLP 38,338,120 CapitaLand 34,834,340 UOB 28,764,619 YHM 24,259,933 Keppel Corp 20,442,010 RH PetroGas 19,317,350 Wilmar 19,171,200 Clob
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    • Article
      Lock icon RISES
      112 8 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 542.4 2.9 GLD 10US$ ***** 320.2 2.1 JMH 5548 105.5 1.6 DBXT MSEurope 10US$ 5639 48.4 0.7 JSH 3463 43.4 1.0 DairyFarm 1089 33.5 2.5 Lyxor LatinAmerica 1 707 31.0 3.7 Jardine C&C 3660 24.0 0.7 DBXT MSEmerAsi 10US$ 398 16.1
      112 words
    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -50.0 -0.5 Lyxor ThaiSET 10US$ ***** -32.3 -0.2 DBXT CSI300 10US$ 740 -19.9 -2.1 DBXT MSCHINA 10US$ 1242 -12.4 -0.8 STXPO 100 188 -10.5 -5.3 DBXT S&P Short 10US$ 2822 -9.9 -0.3 Lyxor Nasdaq100 10US 1301 -8.7 -0.5 Raffles Med
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      453 9 Own the < W\ 55" LED TV SMART TV FLIGHT PHILIPS Philips 55" Designline 3D Smart LED LCD TV 55PDL8908 Revolution Floating Glass Design Integrated Wi-Fi Ambilight 3-Sided XL 1400HZ PMR $5,599 $52.65 weekly over 48 mths r W TV Guide W Recordings ace irax Movies W 1 r ma)(oom£
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      257 11 Houses of Parliament 15 mins Mayfair 18 mins Green Park 11 mins Buckingham Palace 11 mins Victoria Station 2 mins Westminster Abbey 13 mins Belgravia 8 mins LU XU RY L I V I NG I N T H E H E A RT OF V ICTOR I A SW1
      257 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Greenpac opens the first ‘green’ factory here
      688 12  -  Jurong facility is a sustainable building doing sustainable manufacturing By VIVIEN SHIAO By vshiao@sph.com.sg ALONG Tukang Innovation Drive in Jurong is a four-sto-rey factory with solar panels on its rooftop. It has windows made of a special glass which blocks out the heat
      PHOTO: YEN MENG JIIN  -  688 words
    • Article
      Lock icon SMU academy to train IT workers in financial sector
      270 12  -  By AMIT ROY CHOUDHURY amit@sph.com.sg THE Singapore Management University (SMU) has launched an academy to run training programmes in financial services information technology (IT). The Financial IT Academy @SMU (Fita) will equip financial sector IT professionals with enhanced IT capabilities critical
      270 words
    • Article, Illustration
      Lock icon Far East puts in bullish bids for industrial plots
      656 12  -  By KALPANA RASHIWALA kalpana@sph.com.sg FAR East Organization has placed what have been seen as bullish top bids for two 30-year leasehold industrial plots in Gambas Crescent, about 700 metres from Sembawang MRT Station. Its bids were about 50 per cent higher
      Source: URA  -  656 words
    • Article, Illustration
      Lock icon Singapore CBD is home to world’s biggest vertical garden
      264 12 THE world’s largest vertical garden can now be found in the heart of Singapore’s Central Business District (CBD). Standing 19 metres high and 110 metres wide as big as eight tennis courts this green wall of plants belonging to Ocean Financial
      BT Graphics: Ludwig Ilio, Chen Huifen; Source: Keppel Land  -  264 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesian workers in wage protests
      516 13 7,000 march to presidential palace to push for a rise in minimum pay Reuters [JAKARTA] Thousands of Indonesian workers took to the streets of the capital yesterday, demanding that the government raise wages and adding to fears that labour costs in South-east Asia’s biggest economy
      Reuters; PHOTO: REUTERS  -  516 words
    • Article
      Lock icon ‘Allah’ non-use won’t apply to East Malaysia: M’sian Cabinet
      439 13  -  B)’ JIAYASANKARAN in Kuala Lumpur THE Malaysian Cabinet has decided that the Court of Appeal’s ruling to ban the use of the word “Allah” in the Bahasa Malaysia section of a Catholic weekly, the Herald, is confined to the periodical and
      439 words
    • Article
      Lock icon Illegal beer imports costing M’sia RM250m
      489 13 [PETALING JAYA] There is an influx of cheap foreign beer in the Malaysian market and it may be costing the country up to RM250 million (S$98 million) in lost taxes annually. Industry sources claim that beer with high alcohol content from Thailand, the Philippines,
      489 words
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      80 13 your body and your appetite for shoppin Feed your mind G. i •*«tt '1 n 3 vv 0 ES0 VyrroHovit j-iriuuiiui ii Boarding pass Discover yourself in Korea Treat yourself to mouthwatering dishes, soul-searching serenity, and shop-till-you-drop therapy. And by showing your Korean Air boarding pass, you’ll get discounts in
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      68 14 1 rv RMART.COM Over 20,000 car listings z Over 2 million potential eyeballs for your car monthly "Used by more than 95% of car sellers "Visited by 96.2% of car buyers 1 sgCarMart.com stats Apr 2013 2 Google Analytics July 2013 3 2012 LTA number of cars transferred VS sgCarMart
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Chinese companies rapped for lack of transparency
      610 15 Indian firms rated highly in survey of BRICS economies by anti-corruption body Reu ters [BERLIN] The anti-corrup-tion watchdog Transparency International has admonished Chinese companies for their opaque business practices while praising Indian firms’relatively high standards, in a survey of emerging market multinationals released
      Reuters  -  610 words
    • Article
      Lock icon World Bank slashes India’s growth forecast to 4.7%
      322 15 Reuters [NEW DELHI] The World Bank sharply lowered its forecast for India’s economic growth to 4.7 per cent from 6.1 per cent for the current fiscal year, citing a sharp slowdown in manufacturing and investment as well as negative business confidence. In
      Reuters  -  322 words
    • Article, Illustration
      Lock icon China’s exports growth to S-E Asia fall sharply in Sept
      500 15 Reuters [BEIJING] China’s exporters face a difficult time in the coming months as demand from emerging markets slows, the Chinese trade ministry warned yesterday after the latest trade data showed sales to South-east Asia slowed sharply in September. But China
      Reuters; PHOTO: AFP  -  500 words
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      85 15 Congratulations to Mr Chong Yik Hwee (pbm) Managing Director of Gao Ji Food (S) Pte Ltd Iri a GAO JI FOOD Mr Chong’ S conferment of The Public Service STAR (BBM) by His Excellency Tony Tan Keng Yam, the President of The Republic of Singapore AN ASME-LIANHE ZAOBAO AWARD Singapore
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  • WORLD
    • Article
      Lock icon Funds expect equities to outperform bonds
      549 16  -  They prefer Europe to Asia and US; Russia favoured among emerging markets By NEIL BEHRMANN in London GLOBAL asset managers remain bullish on equities despite Washington antics, but prefer Europe over the US, Asia and other emerging markets. A Bank of America survey of
      549 words
    • Article, Illustration
      Lock icon US must take a more responsible attitude: ADB
      512 16  -  By ANTHONY ROWLEY in Tokyo AS US senators announced an 11th-hour bipartisan deal yesterday to reopen the government, Asian Development Bank president Takehiko Nakao called on the United States to take a more “responsible attitude” towards its global financial obligations and the
      512 words
    • Article
      Lock icon EU warns of retaliation if US raises bank capital requirements
      583 16 Reuters [LONDON] The European Union’s financial services chief warned of tit-for-tat action if the US pushes ahead with plans to impose extra capital requirements on foreign banks. In December, Federal Reserve Board governor Daniel Tarullo said that foreign banks should
      Reuters  -  583 words
    • BRIEFING
      • Article
        Lock icon Kobe, Angang to build 1.75b yuan steel plant in China
        129 16 Reuters [TOKYO] Japan’s Kobe Steel is teaming up with a local partner to build a plant in China costing some 1.75 billion yuan (S$355.8 million), aiming to meet growing demand for automotive sheet steel. Kobe Steel’s decision to form a
        Reuters  -  129 words
      • Article
        Lock icon Athens luring foreign investors back to its bourse
        113 16 Reuters [LONDON] Bailed-out Greece is luring back foreign investors betting on more gains in its bank-dominated stock market and an eventual economic recovery, Thomson Reuters data shows. Athens remains a market more for the likes of hedge funds than mainstream foreign investors,
        Reuters  -  113 words
      • Article
        Lock icon Microsoft releases Windows 8.1 upgrade as free download
        129 16 AP [LOS ANGELES] Microsoft released its long-awaited Windows 8.1 upgrade as a free download yesterday. It addresses some of the gripes people have had with Windows 8, the dramatically different operating system that attempts to bridge the divide between tablets and PCs.
        AP  -  129 words
    • Article
      Lock icon Higher bar stalls StanChart AUM
      696 18 Its Asia AUM stagnates after it raised investment threshold to US$2m Bloomberg [SINGAPORE] Standard Chartered plc’s Asian private bank asset growth has stagnated this year as the lender focused on wealthier clients and investment returns were curtailed by volatility in regional financial markets. Assets under
      Bloomberg  -  696 words
    • Article, Illustration
      Lock icon Goldman Sachs cuts costs, boosts dividend
      414 18 Bloomberg [NEW YORK] Goldman Sachs Group, the world’s most profitable securities firm before the financial crisis, said that earnings were little changed as the bank cut costs in response to a 20 per cent drop in revenue. The firm increased its dividend 10 per
      Bloomberg; PHOTO: REUTERS  -  414 words
    • Article
      Lock icon Climate change to cost East Asia 5.3% of GDP: ADB
      495 18 Bloomberg [BEIJING] Climate change will lead to more flooding and drought in East Asia and could chop 5.3 per cent off annual gross domestic product by the year 2100 if measures aren’t adopted to tackle it, according to the Asian
      Bloomberg  -  495 words
    • Article, Illustration
      Lock icon Merkel’s goals include stable eurozone, energy
      587 19 German chancellor outlines tasks ahead of tough coalition talks with main rival NYT [BERLIN] Chancellor Angela Merkel on Wednesday laid out her priorities for the next German government, as her options for a coalition partner to form that new government narrowed to one: her
      NYT; PHOTO: AP  -  587 words
    • Article
      Lock icon Rajoy wants to cut off jobless benefits seekers
      529 19 Spain to act tough on claimants who reject job offers Bloomberg [MADRID] Prime Minister Mariano Rajoy is trying to lower Spain’s jobless rate with an economy that’s barely growing. Spanish output will be so weak that unemployment won’t fall below 25 per
      Bloomberg  -  529 words
    • Article
      Lock icon New UK standards body’s role is to benchmark banks
      246 19 Reuters [LONDON] A new standards body for British bankers must not be “a poodle” for the industry and should improve and monitor culture so banks can benchmark their performance, the man tasked with setting it up said yesterday. Richard Lambert, the
      Reuters  -  246 words
    • Article
      Lock icon EBay forecasts dismal holiday quarter
      264 19 Reuters [NEW YORK] EBay Inc on Wednesday gave a disappointing holiday forecast, saying the US economic environment, including consumer confidence, had deteriorated in part because of the shutdown of the US government. Shares of the e-com-merce company fell 5.7 per cent in after-hours trading. Chief
      Reuters  -  264 words
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      176 16 5> i W\ f sz Enjoy our newly launched Afternoon Tea, comprising hot and savoury delights, accompanied with a selection of teas and coffees. Available from 3 pm to 5 pm daily, at Atrium and Pacific Marketplace. S$58 per set, for two persons. For reservations and enquiries, please speak with
      176 words
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      5588 17 VOLUNTARY CONDITIONAL CASH OFFER By CIMB BANK BERHAD(*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of PURE BEAUTY INVESTMENTS LIMITED (Company Registration No.:*****75) (Incorporated in the British Virgin Islands) to acquire all the issued and paid-up ordinary shares in the capital of SINGAPORE MEDICAL GROUP LIMITED (Company Registration
      5,588 words
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      32 18 The latest jobs,hot off the grill. If you’re thinking of making a career change, check out the latest job opportunities career insights in CATS Recruit. Now available on the CATS Classified App
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      732 19 AS IAN M A T E R Gourmet Culture Lifestyle Proudly Presented By HjOCBC Bank Asia’s Finest Epicurean Signatures r I Nov to 7 Dec 2013 EXCLUSIVELY FOR OCBC CARDMEMBERS 20 0/ Asian /0 Masters OFF Events 15 0/ a la carte food bill at Feast Asia OFF Dining Partners
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      4095 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SOUTHERN PACKAGING GROUP LIMITED (Company Number: *****3312N) (the “Company”) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of the Company will be held at Enterprise Room Level 4, Raffles City
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      33 20 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES CATS Recruit The first step on your ladder to success WATS
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Air cargo industry urged to work together to face future
      391 21  -  Better quality standards, greater efficiency, effective security needed By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The air cargo industry must work together to deliver better quality standards, greater efficiency and more effective security to face the challenging operating conditions, said di-rector-general of
      PHOTO: BLOOMBERG  -  391 words
    • Article
      Lock icon Lloyd’s Register opens global technology centre
      365 21  -  It aims to develop cutting-edge technology, alleviate talent crunch By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Lloyd’s Register has opened a Global Technology Centre (GTC) research lab and energy-drill-ing training academy here to develop cutting-edge technology and alleviate the talent crunch in the oil and gas
      365 words
    • Article
      Lock icon Baltimore cargo in a jam as port workers walk off
      510 21 Closure puts pressure on auto supply chain Bloomberg [NEW YORK] Baltimore’s port ceased operations as 2,000 union longshoremen walked off the job in a contract dispute, snarling imported cargo that included autos from Mazda Motor Corp and Bayerische Motoren Werke
      Bloomberg  -  510 words
    • Article
      Lock icon US planemaker Beechcraft put up for sale again
      466 21 Bloomberg [NEW YORK] Beechcraft Corp, the US planemaker that emerged from bankruptcy protection this year, is for sale again, people with knowledge of the matter said. Credit Suisse Group is contacting potential suitors on their interest in acquiring Beechcraft, said the people,
      Bloomberg  -  466 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 21 SGX '000 Oct 17 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.28 unch 459 Cosco Corp 0.81 0.01 2984 Cwt Limited 1.41 -0.01 76 Vol First Ship Lea 0 43 Freight Links 276 Grand Banks unch unch 0 Jaya Hold Ltd 0.67 unch 403 K1Ventures 0.21 unch
      244 words
    • Article
      Lock icon Airbus set to win US$5b order from VivaAerobus
      563 21 Sources say the deal is for 40 A320neos and 12 A320s Bloomberg [DALLAS] Airbus SAS is poised to win a US$5 billion order as Aeroenlaces Nacionales SA, the Mexican airline known as VivaAerobus, expands and upgrades its fleet of ageing Boeing Co
      Bloomberg  -  563 words
    • Article
      Lock icon SHIPPING TIMES
      2381 29 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
      2,381 words
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      38 21 SWEET DELIGHTS It’s time to shop for the Festival of Lights BEST DENKI MARKETING HEAD: Indians are big spenders at our outlets GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      38 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon When best practices aren’t good enough
      477 22 EDITORIAL THE fire at SingTel’s Bukit Panjang exchange might have been extinguished within 20 minutes last week, but the questions raised by this incident linger for a while. Last Wednesday, a fire the cause of which has not been revealed started inside a cable
      477 words
    • Article, Illustration
      Lock icon US fiscal can is merely kicked down the road
      808 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THE Republican Party, and especially its radical anti-gov-ernment Tea Party wing, suffered a bruising political defeat when it was forced to end its effort to extort concessions from the White House. With the shutdown
      808 words
    • Article, Illustration
      Lock icon Signs of growing revolt against Tea Party
      1188 22  -  US business lobbies are said to be brewing a counter-attack following the US debt crisis ANTHONY ROWLEY Tokyo Correspondent WHILE many people have looked on with concern and disbelief that the US Congress should risk destroying America’s credibility in the world over the
      PHOTO: AFP  -  1,188 words
    • Article
      Lock icon Where is the excessive borrowing?
      1555 23  -  Concerns over household loan-to-GDP ratio seem overblown By KU SWEE YONG The writer is a property agent and the CEO of real estate sales organisation Century 21 Singapore Holdings Pte Ltd. He is the author of two bestsellers, ‘Building Your Real Estate Riches’ and ‘Real
      1,555 words
    • Article, Illustration
      Lock icon The new era of ‘gated’ globalisation
      802 23  -  ROBERT SAMUELSON The Washington Post Writers Group Globalisation isn’t what it used to be. In its heyday, trade and international investment (“capital flows”) boomed. Consider. From 1980 to 2007, the value of global exports increased by nearly sevenfold, reports the World Trade Organization (WTO).
      The Washington Post Writers Group; PHOTO: BLOOMBERG  -  802 words
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  • PROPERTY
    • Article, Illustration
      Lock icon M&L gets permission to expand Sydney hotel
      380 24  -  It’ll add third tower with 230 rooms to the 683-room Four Points by Sheraton By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Singa-pore-based M&L Hospitality has got the greenlight to add even more rooms and features to what is already Australia’s largest hotel by number
      380 words
    • Article, Illustration
      Lock icon GCB on Leedon Road up for sale
      317 24  -  By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] A Good Class Bungalow (GCB) at the Leedon Road-Belmont Road junction is being put on the market through an invitation for expressions of interest. The guide price for the original two-storey coloni-al-style bungalow, which has a land area
      317 words
    • Article
      Lock icon BlackRock cuts HK investment, sees home prices fall
      392 24 Bloomberg [TOKYO] BlackRock Inc is reducing its investment in Hong Kong, betting the city’s equity and property markets will trail other Asian countries as growth slows in the world’s two biggest economies. Hong Kong stocks may underperform as the US pares stimulus
      Bloomberg  -  392 words
    • Article, Illustration
      Lock icon Irish castles are going for a song
      1319 28 Americans are snapping up castles in Ireland and there’s emerging interest from China and Japan NYT FIRST-TIME visitors to Humewood Castle in Kiltegan, County Wicklow, can’t help it. They simply say, “Wow.” It’s that big, that stunning that, well, fairy tale. It’s vast
      NYT; PHOTO: BLOOMBERG  -  1,319 words
  • Page 24 Advertisements
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      541 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D05 HOUSE FOR SALE JALAN MAS KUNING Star buy! 2-sty 4-bdrm. Corner terr. Quiet environment. Facing playground. Land area 2500 sf up. Best offer secures! Mark 9068 0166 DTZ D10 HOUSE FOR SALE HOLLAND PARK Modern GCB. *****/ ***** sqft. 5 bdrm
      541 words
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      126 24 D04 APARTMENT FOR SALE CARIBBEAN Designer top end renovation, 1207sqft, 2-rm, quiet greenery, pool waterway. Min $2M. Valuation $2.15M. Chris 9833 2020 D04 APARTMENT FOR SALE THE COAST The Coast Sentosa. 3 bdrm, 2077 sf. Ground flr with patio. Unblock ocean view, direct pool access. Ask $4.38m/ $2108 psf. Direct
      126 words
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  • Page 25 Advertisements
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      358 25 D07 APARTMENT FOR SALE DUO PREMIUM RESIDENCES 99 yrs leasehold Iconic with functional layouts. Linked to Bugis MRT opening Dec. Surrounded by retails shop, amenities, hotel. Valerie 9763 8887 D07 APARTMENT FOR SALE DUO RESIDENCES BUGIS Premium Residential devt in mixed project retail, hotel. Direct link to Bugis MRT. To
      358 words
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      Lock icon Page 25 Advertisements Column 2
      173 25 D10 APARTMENT FOR SALE ONE JERVOIS One Jervois. Rare listing. 3+study. 1496 sf of space for quality family living. High flr. Unblocked view. Quiet. Freeehold. $3.15M. D10 APARTMENT FOR SALE PENTHOUSE 1 floor Penthouse 4 rooms. Lush greenery. Huge storage wardrobes. Walk to Orchard. $2000 psf. Helena 8332 0808 D10
      173 words
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      Lock icon Page 25 Advertisements Column 3
      317 25 D15 APARTMENT FOR SALE CARPMAELINA Freehold Penthse 3+1 bedrooms+ balcony. 1927 sf A1 condition. Bright/ windy. Cosy. Ask $2M neg! Leng 9836 8860 REMAX D15 APARTMENT FOR SALE COSTA RHU 2+1, 990 sqft. A1 designer decor. Pocket Gdns by Bay view. No west sun, windy. Bertram 9321 7825 D15 APARTMENT
      317 words
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      Lock icon Page 25 Advertisements Column 4
      183 25 D19 APARTMENT FOR SALE KOVAN MELODY MRT doorstep. 904 sf. 2 bdrms. Squarish. Unblocked view. Amenities. Wil 9027 1020 D23 APARTMENT FOR SALE PARKVIEW APT New list! 2 bdrm, 1163 sf, high flr, reno, bright windy, balcony pool view. Selling below value. Good Investment. Reasonable Offer will be considered D27
      183 words
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      173 25 D11 21 HOUSE FOR RENT NEWLY TOP GCB Magnificent, discover the intimacy, natural treasures and beauty of this home you desire to be $33k. 15,300 8,700sqft. Eddie Soh 9636 8506 D15 HOUSE FOR RENT 80 MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Available immed. $17.5K. Also
      173 words
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  • Page 26 Advertisements
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      865 26 D15 APARTMENT FOR RENT CORALIS 2-bdrm 806 sqft. $4200 neg. Be the 1st tenant. Viewing anytime. Key on hand. Aslo for Sale. Call Wei Ni 8482 4888 D18 APARTMENT FOR RENT EASTPOINT GREEN 4+1+ study maid’s rm. Simei MRT. 1875 sqff. New furnitures. High floor. Pool. Please call Kumar 9009
      865 words
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      Lock icon Page 26 Advertisements Column 2
      219 26 D06 OFFICE FOR RENT HIGH STREET CENTRE 550 sqft. High flr. Best view. Well renovated. Fully fitted Fr $3.9K. Immed. Owner 8488 6000 D08 RESTAURANT FOR RENT KITCHENER ROAD F&B space! 2900sf Kitchener Road. F&B ready. Fantastic crowd. Near Farrer Park MRT/ Mall. No takeover fee. Call Dennis 9763 0605
      219 words
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      Lock icon Page 26 Advertisements Column 3
      200 26 FOREIGN PROPERTY FOR SALE BINTAN IN INDONESIA 8.5% g’teed returns for 8 yrs! Heritage@Bintan by Far East Hospitality. Buy-back Option/ Instalment avail. Visit: Marina Mandarin, Gemini Rm 19/20 Oct FOREIGN PROPERTY FOR SALE ISKANDAR Condo Iskandar. Sea/ harbour view avail. 100% unblocked. From SGD 3xxK Wesley Wee *****545 FOREIGN PROPERTY
      200 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      130 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WATS DUO RESIDENCES M oiS MS* :sss *s HIHIIw 'nS!&S& mla mfi SS V;** RSE •ti m ■r> m 99m am -■> 52 r a W&J V.v V 4 /.I<91 iJit I11WV1II Welcome to our Presentation Today, 11am to 7pm Shaw Tower
      130 words
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      Lock icon Page 28 Advertisements Column 2
      69 28 3 Wide choice of Studio, 1/2/3/4-hdrm Penthouses Michelle Chia 9021 3668 CEA Reg. No.: R*****4I Rare Prestigious ROYAL Development SQUARE /A Novena atn vena Alt Gateway to future Health City Novena Next to Novena MRT station Day Surgery Centre, Imaging Centre Laboratory facilities Why rent when you can own? Integrated
      69 words
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      Lock icon Page 28 Advertisements Column 3
      102 28 tp■sap* 4 By international renowned architect, Ole Scheeren Kwan Wai Kim 9660 1176 CEA Reg. No.: R*****2D Premium residences, office, retail 5-star hotel Anna Lee 8100 8320 CEA Reg. No.:R*****6F 49-storey Residential Tower Hazel Zhu 8200 7076 CEA Reg. No.: R*****4G Wide range of facilities, 50m lap pool Eleanor Poon
      102 words
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      Lock icon Page 28 Advertisements Column 4
      113 28 T7 a Integrated development in the heart of the city Zac Chang 9765 3423 CEA Reg. No.: R*****6F Direct underground connection to Bugis MRT Sharon Wong 9048 5491 CEA Reg. No.: R*****2J With stunning views Louie Lu 9856 3472 CEA Reg. No.: R*****3A Arts, Culture, Learning Entertainment district Alvin Tan
      113 words
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      Lock icon Page 28 Advertisements Column 5
      13 28 n Vi -u: Agents Welcome Call/SMS Email to Owner 98 635 635 *****2996
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      99 29 Masterclass: “Tanker Chartering” Training Fee*: S$1,200 (no gst) 28 29 October 2013 Orchard Hotel, Singapore *70% MPA/MCF training grant available to Singapore Citizens/PRs Learning Objectives of this Upper-Level Chartering Course Analysis of tanker trade Main clauses of charter parties analysed explained Asbatankvoy, Shellvoy6, Shelltime4, Asbatime, etc Negotiating, fixing, performing concluding
      99 words
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      16 29 r*m PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327
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      Lock icon Page 29 Advertisements Column 3
      18 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 30 Advertisements
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      144 30 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II 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
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3085 31 Transaction date: Oct 17 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 Day Last Quote 11.5 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 150 +2.5 95 150 148.5 149
      3,085 words
    • Article
      Lock icon SGX CATALIST
      192 32 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 Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil +1.5
      192 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11222 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCIA!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.17/ Aberdeen Asset Mgt Asia Limited Asian Smaller tos! China Opportunities EM local Ccy Bond 1 9593/ 8966/ *****/ European Opportunities! 1 ?3?3/ Global Emerging Markets!" China Opportunities
      11,222 words
    • Article
      Lock icon GLOBALQUOTE
      249 32 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 +1 7991 43.5 42.5 42.5 43 2831.3 Sale 286 191 TanChongInt HK286 +9 96 286 280 282 286 4.3 2.4
      249 words
    • Article
      Lock icon SGX ETF
      895 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 125 CIMB APAC Div 100S$D 130.8 130 130.9 114.4 99.2 CIMB APAC Div 100US$ US104.4 105 105.7 11
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      594 33 Oct 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.08 *****.22 *****.67 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar14 *****.00 1 323 MSCI TAIWAN INDEX FUTURES SPOT 293.79 296.91 293.79 Oct13 294.20 297.30 294.10 295.20 ***** *****9 Nov13 293.80 296.70 293.80 295.30
      594 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 33 In local curr In S$ In US$ dy yr dy yr dy yr Oct 16 Index Change Change Change Change Change Change World Preliminary 1118.1 0.8 19.2 0.9 19.5 0.7 17.3 EAFE Preliminary 917.0 0.2 18.4 0.2 16.7 0.0 14.5 Europe Preliminary 1311.0 0.3 14.3
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 33 Oct 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 5.849 0.704 7.439 58.909 108.838 0.939 10.208 3.019 1.134 101.835 41.329 1.191 9.442 0.868 28.216 29.773 0.597 0.959 Canada 1.012 5.921
      471 words
    • Article
      Lock icon SIBOR
      40 33 Oct 17 (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$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 33 Oct 17 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-16 101.85 101.94 101.88 5-Year N*****0T 0.5 01-Apr-18 98.48 98.60 98.60
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    • Article
      Lock icon PRECIOUS METALS
      133 33 Oct 17 GOLD(US$/oz) Oct 17 Oct 16 Hong Kong 1310.00 1288.00 Oct 16 Oct 15 London 1271.25 1269.54 1271.95 1270.76 Source: Thomson Reuters CAST BAR Oct 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 116 51 5gm 328 257 10gm 586 513
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    • Article
      Lock icon PALM OIL
      57 33 Oct 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2418.0 2400.0 2420.0 2363.0 543 9231 Dec 13 2419.0 2404.0 2427.0 2362.0 ***** ***** Jan 14 2422.0 2409.0 2432.0 2369.0 ***** ***** Feb 14 2427.0 2414.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 33 Oct 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1906 1.1914 0.9592 0.9595 Canadian dollar 1.2053 1.2062 0.9714 0.9711 Euro 1.6923 1.6933 1.3634 1.3637 NZ dollar 1.0496 1.0506 0.8456 0.8461 Sterling pound 1.9937 1.9950 1.6063 1.6067
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 33 Oct 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1276.50 1267.00 1279.50 1266.00 Jan 14 1274.75 1266.00 1277.50 1264.50 Mar 14 1263.25 1255.75 1265.00 1253.50 May 14 1248.75 1244.00 1252.00 1242.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • Article
      Lock icon LIFFE
      95 33 Oct 16 COCOA (£/tonne) Close Prev High Low Dec 13 1775 1782 1782 1760 Mar 14 1764 1769 1769 1747 May 14 1759 1763 1762 1742 Jul 14 1754 1756 1755 1735 COFFEE(US$/tonne) Close Prev High Low Nov 13 1655 1679 1690 1652 Jan 14 1648 1671 1682 1645
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1161 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 20.5 0.0 5 -80 57 Asia-Pacific Strategic W*****6 0.4 1 123 404 61.25 7 Acma Ltd W*****7 Exer Price Allied Technologies W*****1 Disc Ascendas Reit MB ECW*****3 2.9
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 33 CRUDE OIL PRODUCTS Oct 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.65 0.64 WTI (Near Mth) 102.27 1.26 Dubai (1-Mth F) 106.33 -0.06 Tapis blend 118.17 -0.52 Minas 109.17 -0.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.19 -0.14 Jet Kerosene 124.15 -0.66 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 33 Oct 17 S$ Bid Offer 1-month 1.2412 1.2417 2-months 1.2411 1.2416 3-months 1.2411 1.2416 6-months 1.2407 1.2413 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 33 Oct-16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1809.00 1801.50 3 months 1856.00 1849.00 Copper, Grade A(US$/tonne) Cash 7236.50 7216.50 3 months 7260.00 7240.00 Lead(US$/tonne) Cash 2140.25 2116.75 3 months 2164.50 2143.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Oct 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.214 1.157 Can dollar 1.226 1.179 Euro 1.720 1.639 Sterling pound 2.020 1.943 NZ dollar 1.073 1.032 US dollar 1.267 1.207 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 33 Oct 17 $S Offer Bid 0vernight 0.03 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ 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
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  • executive lifestyle
    • Article, Illustration
      Lock icon THE ART FAIR EXPLOSION
      1417 34  -  The number of art fairs here has risen astronomically in less than five years. What’s driving the art rush? BY HELMI YUSOF helmi@sph.com.sg IN 2009, there was just one art fair in Singapore. In 2010, there were three. By 2014, there may be as many as
      PHOTO: REUTERS; FILE PHOTO  -  1,417 words
    • Article, Illustration
      Lock icon More art than you have walls for
      617 34  -  By HELMI YUSOF IN 2014, there may be as many 10 art fairs in Singapore hoping for a space on the walls of your home. Here’s a guide to all of them: JANUARY ART STAGE Art Stage is the country’s premier art fair
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  • CINEMA
    • Article, Illustration
      Lock icon Finding the right Oshin for the job
      673 35  -  Eight-year-old newcomer Kokone Hamada’s self-confidence convinced director Shin Togashi she was the one, says DYLAN TAN DYLAN TAN dylantan@sph.com.sg Director shin Togashi spared no effort when it came to casting the lead actress for Oshin, his big-screen adaptation of the hit ’80s Japanese
      673 words
    • Article, Illustration
      Lock icon Director’s meal ticket to a comeback
      523 35  -  By DYLAN TAN dylantan@sph.com.sg IT has taken award-winning Taiwanese director Chen Yu-hsun 16 years to make a return to film but he promises the wait for his next movie won’t take as long. His latest work, Zone Pro Site: The Moveable Feast, has become
      523 words
    • Article, Illustration
      Lock icon Plush fails to rock
      469 35  -  By GEOFFREY EU CATHERINE Hardwicke has spent much of her career mining the subject of teen angst in particular the trials and tribulations of adolescent females with some success, so it’s perhaps appropriate that her attention now shifts to include members of a slightly older demographic.
      469 words
    • Article, Illustration
      Lock icon Loveless and lifeless
      582 35  -  By GEOFFREY EU LINDA Lovelace had her 15 minutes of fame in 1972, thanks to a 62-minute movie that remains for better or worse embedded in the adult consciousness and an integral part of modern America’s cultural legacy. Those 15 minutes have now stretched past 40 years,
      PHOTO: BLOOMBERG  -  582 words
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  • ARTS
    • Article, Illustration
      Lock icon The art of building a city
      770 36  -  National Museum’s fine new exhibition showcases works from the 1950s to the 1970s that reflect on the creation of a city and its art, reports HELMI YUSOF reports HELMI YUSOF helmi@sph.com.sg IN Chua Tiag Ming’s gorgeous black-and-white photograph Drying Planks, an unknown labourer stands
      770 words
    • Article, Illustration
      Lock icon Mix of topical and classic works
      997 37  -  Community or social inclusiveness is the theme of the M1 Singapore Fringe Festival which celebrates its 10th anniversary next January. CHEAH UI-HOON spotlights two festival highlights which attempt to close the gap between art-makers and the audience CHEAH UI-HOON uihoon@sph.com.sg Forum Theatre/Senior Theatre Take
      997 words
    • Article, Illustration
      Lock icon Growing up is hard to do
      547 37  -  By HELMI YUSOF helmi@sph.com.sg WILL theatre company Pangdemonium deliver a critical hat-trick this year? After two solid productions this year that received rave reviews namely The Rabbithole and Next To Normal –the producers are back with another play that may again attest to the
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      Lock icon Thai textile art making a potent point
      823 37  -  By CHEAH UI-HOON uihoon@sph.com.sg WITH a simple technique and an age-old tradition that’s more associated with craft, Thai artist Jakkai Siributr is keen to push textile art to the next level. Not in terms of design, but with the use of textile as
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      158 36 WHICH COUPLE WILL BE KISS92’S MATCH? AARON/ CHERYL The couple met during their tertiary days and love to go for Vespa riding adventures. r 'i- '.y m**T I NIC/ VIC The crazy and outgoing couple knows how to have fun! Vic has a habit of scaring Nic we wonder what
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      54 37 Jftjt MELODY \\0' s My /?£|/£Rl£ Estate of Roy Lichtenstein New York JASPAR, Tokyo, 2013 D0352 Nikei FINE ART Roy Lichtenstein Reverie 1965 Screen printing Ed. 145/200 68.7 x 58.3cm Also featuring artworks by Pablo Picasso Andy Warhol Raffles Hotel Arcade 328 North Bridge Road #01-34 Singapore *****9 T: +65
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  • MUSIC/ARTS
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      Lock icon Jazz piano guru Monteiro brings back the organ
      645 38  -  Jazz Organ Summit is the first of its kind here, reports RACHEL LOI rachloi@sph.com.sg SOME fans of local jazz pianist Jeremy Monteiro get riled up whenever they see him getting behind an organ. It’s not something he does very often on average,
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    • Article, Illustration
      Lock icon New sounds from an old instrument
      437 38  -  By RACHEL LOI rachloi@sph.com.sg WHEN someone mentions the pipa, most people either don’t know what it is, or just think of it as a very old-fashioned Chinese wooden instrument shaped like a pear that plays funeral music, says The Pipa Quartet’s leader, Samuel Wong,
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      Lock icon Beng for your buck
      473 38  -  By HELMI YUSOF helmi@sph.com.sg QUESTION: Who adores sequins, feather boas and Andrew Lloyd Webber showtunes and breaks into Hokkien swearwords ever so often? Sebastian Tan, of course, better known as the Broadway Beng. The hybrid showman, like the Merlion, seems to enjoy being half and half.
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      Lock icon Original material from Key Elements
      509 38  -  By RACHEL LOI rachloi@sph.com.sg IT’S not every day you’d find a local a cappella group releasing an album of original material; that’s exactly what Key Elements did. Not only that, they also hired Grammy award-win-ning a cappella record producer Bill Hare (The Flying Pickets, Swingle
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  • Page 38 Miscellaneous
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      294 38 CRYPTIC CROSSWORD Across 7 Steelworks made a stink on the outskirts of Exeter (7) 8 Dishonest man on board in last month returned (7) 10 Mao Tse-tung cooked vegetables (10) 11 Dingy English seaside feature (4) 12 Fashion designer a liberal authority in church (8) 14 Van Gogh painting is
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  • PROFILE/ARTS
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      Lock icon An awkward ‘lunch’ with Armani
      1276 39  -  A touching meeting with the Italian designer reveals his modesty and passion for work, reports CATHY HORYN reports CATHY HORYN [NEW YORK] IT was awkward, in more ways than one. At 1.40pm, Giorgio Armani sat up abruptly and announced he was returning to work. “OK,
      PHOTO: BLOOMBERG; PHOTO: GIONATA XERRA VIA THE NEW YORK TIMES  -  1,276 words
    • Around Town
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        Lock icon Concert
        129 39 Retrolicious Reunion: Fans of retro music are in for a treat this weekend at the Retrolicious Reunion concert at Fort Canning Park. After three successful Retrolicious concerts over the last few years, headliners Belinda Carlisle, Rick Astley (right) and female duo Bananarama are back again this year to share
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      • Article
        Lock icon Opera
        151 39 Verdi Gala: Celebrate the bicentenary of the father of Italian opera, Giuseppe Verdi, at the Verdi Gala staged by the Singapore Lyric Opera at the Esplanade Concert Hall next Thursday. Verdi was an influential opera composer back in the 19th century, and is known for his more notable works
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      • Article
        Lock icon Film
        134 39  -  Compiled by RACHEL LOI rachloi@sph.com.sg Lola: Take a mid-week break and catch a French film, Lola, at the Alliance Francaise next Tuesday evening. This particular film was made in 1961, and is the debut feature by French director Jacques Demy, best known for The Umbrellas of Cherbourg (1964) and
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      140 39 Creating wealth. Preserving wealth for future generations. Do you have the time to focus on both? At UBS, we work with some of the most ambitious clients in the world. They're interested in building wealth, and passing it on to their family. That's why our advisors are experienced in helping
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      116 40 i nHNi SM 0 a Audi Vorsprung durch Technik am mm k< i %.\nai 7.^ mm J •e ®W* j V( ,Z v; > _i i .^c.9fc i. < #r INM^ m. urns. >iCSf20**4 wre2 vvc v r rv* V w c*\£ v-j>ev v.- uur roaas are more dynamic than
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