The Business Times, 23 October 2013

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Microfilm: NL32849
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, October 23, 2013
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  • Article, Illustration
    Lock icon S’pore banks embrace slew of China financial pacts
    662 1  -  By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Singapore will be a big winner from the raft of financial cooperation agreements inked with China yesterday, bankers said. The asset management, foreign exchange and commodities sectors here will benefit from two investment initiatives a 50
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  • Article
    Lock icon Changes ‘to add colour and insight to audit reports’
    826 1  -  ISCA event discusses today how proposals will apply in S’pore context By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Proposed changes in auditor reporting are expected to dramatically change the way external auditors reflect their opinions on companies’ financial statements. Among the key proposals
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,210.21 (+14.45) GST INDEX FUTURES 3,210.00 (+15.00) GSIMSCI 369.30 (+1.66) GSIMSCI FUTURES 369.50 (+1.60) US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.613 2.001 EURO (US$/S$/€ 1.368 1.697 Foreign currency per US$ S$ YEN 98.40 79.30 RM 3.172 2.557 HK$ 7.753 6.249 BAHT 31.12 25.09 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,803.58 +0.97 NIKKEI 225 14,713.25 +19.68 HANG SENG 23,315.99 -122.16 SET INDEX 1,457.36 +8.82 JAKARTA COMP 4,512.74 -65.44 MANILA COMP 6,603.60 +6.04 SEOUL COMP 2,056.12 +3.11 SHENZHEN B 858.75 -5.64 MUMBAI IND 20,864.97 -28.92 12noon EDT Change DOW 15,453.37 +61.17 NASDAQ 3,927.98 +7.93
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 14.664 TAIWAN 5.036 US 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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      132 1 COMPANIES Ex-SEC official: No need to fear US compliance rules PAGE 8 EXECUTIVE MONEY US needs to prove its political system still works PAGE 28 COMMENTARY Time to take cyber threats seriously PAGE 19 MALAYSIA Iskandar denies bribery probe of any of its CEOs PAGE 12 My name:Henry My business:
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      487 2 Changes ‘to add colour and insight to audit reports’ PROPOSED changes in auditor reporting are expected to dramatically change the way external auditors reflect their opinions on companies’ financial statements. FRONT PAGE Slew of China financial pacts boost for Singapore SINGAPORE will be a big winner from the
      487 words
    • Article, Illustration
      Lock icon September employment loses momentum
      653 2 Stocks and bonds gain as numbers suggest Fed won’t be in hurry to taper LATEST US DATA Bloomberg [WASHINGTON] Employers in the US added fewer workers to payrolls than projected in September, indicating the world’s largest economy had little momentum leading up to the federal government
      Bloomberg; PHOTO: AFP  -  653 words
    • Article
      Lock icon Correction
      39 2 IN “Asiasons, Blumont and LionGold stocks soar” (BT, Oct 22), we erred in quoting a broker as saying that Blumont’s rights issue was undersubscribed. The issue was oversubscribed by 37 per cent. We are sorry for the error.
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    • Article, Illustration
      Lock icon 8,700 shoebox units for resale from now to 2017
      881 4  -  Demand still strong despite an overall slow-moving resale market By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] At least 8,700 shoebox units are expected to hit the resale market between now and 2017, as the Seller’s Stamp Duty (SSD) lock-in period approaches expiry. While
      Source: SRX/URA  -  881 words
    • Article
      Lock icon Global average tax rates continue to rise
      694 4  -  By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Tax rates are on the rise around the world for a second year in a row, as countries seek to pad up their coffers to address government budgetary deficit concerns. KPMG, which has been collecting tax rate data
      694 words
    • Article, Illustration
      Lock icon IE-CDB partnership to help S’pore firms in African foray
      952 4  -  By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Singapore companies looking to penetrate the African market can now partner with China Development Bank (CDB) a heavyweight financier of infrastructure projects, with networks on the continent. A new memorandum of understanding (MOU) between International Enterprise
      952 words
    • Article
      Lock icon Analysts expect cautious Budget from Najib despite stronger hand
      523 4  -  By S JAYASANKARAN in Kuala Lumpur HAVING cemented his grip on his United Malays National Organisation (Umno), will Prime Minister (and Finance Minister) Najib Razak have the courage to deliver a credible Budget this Friday? He is more likely to err
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      609 2 u li Multiply your' interest and multiply your returns. 4% on your Time Deposit I Enjoy up to 4% p.a. interest, while maximising your long-term wealth potential. As a bank that connects you to relevant market insights and opportunities, ANZ Signature Priority Banking offers you the best of both worlds.
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      172 3 New Look, New Address, New Horizons Ho Bee Investment Limited is poised at a defining point in its history. Founded in Singapore in 1987 with a focus on local real estate development, today our horizons are much broader, with an extensive portfolio of high quality properties covering residential, commercial and
      172 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Temasek sells KReit stake for $125m
      493 5  -  Placement works out to 3.74% of KReit that Temasek received as dividend By LISA LEE lisalcc@sph.com.sg TEMASEK Holdings has sold its entire direct stake in office landlord Keppel Reit (KReit) in a share placement that started on Monday evening, sources close to the deal
      FILE PHOTO  -  493 words
    • Article
      Lock icon OKH Global plans to divest IT business
      395 5  -  Shareholders to get units in firm holding the business By JASMINE NG jasng@sph.com.sg INDUSTRIAL property developer OKH Global plans to dispose of its IT business, which is separated from its core business, following a $123 million reverse takeover of Chinese technology firm Sinobest.
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    • COMPANY BRIEFS
      • Article
        Lock icon Transview discloses approach for assets
        50 5 TRANSVIEW Holdings has said that it has received a non-binding approach for some of its assets, which it is evaluating on a preliminary basis. Responding to a query from the Singapore Exchange (SGX), it indicated that it will make an announcement when definitive terms materialise.
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      • Article
        Lock icon Sino Grandness to build plant in Anhui
        74 5 SINO Grandness Food Industry Group is investing 600 million yuan (S$121 million) to build a plant producing canned products and beverages in China’s Anhui province. Construction will start next year and is expected to be completed by 2016. The company will pay 63.6
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      • Article
        Lock icon Darco sells Taiwan stake for NT$24m
        49 5 DARCO Water Technologies said yesterday that it will dispose of its entire 59.6 per cent stake in Darco Environmental Taiwan for NT$24.1 million (S$1 million) in cash. The company intends to use the sale proceeds for the working capital of its core businesses.
        49 words
    • Article, Illustration
      Lock icon Ex-SEC official: No need to fear US compliance rules
      749 8  -  Various strategies for firms seeking to raise capital in US to comply with rules By CAI HAOXIANG haoxiang@sph.com.sg COMPLIANCE requirements in the US might have increased in the past few years, but companies planning to raise capital there should not be
      PHOTO: ARTHUR LEE  -  749 words
    • Article
      Lock icon SGX reminds investors of new consolidation rule
      426 8  -  By MICHELLE QUAH michquah@sph.com.sg A NEW financial reporting standard (FRS) affecting the consolidation of financial statements will become effective for annual periods beginning on or after Jan 1, 2014, the Singapore Exchange (SGX) reminded investors yesterday. The new standard, FRS 110, issued by
      426 words
    • Article
      Lock icon Family offices to invest more in property: poll
      513 8  -  Venture capital, private equity stay popular in Asia By CAI HAOXIANG haoxiang@sph.com.sg AMID a property market boom that prompted curbs from policymakers, family offices in Asia still expect to raise their allocation to direct real estate investments in the next three years.
      513 words
    • Article, Illustration
      Lock icon Greenpeace wages campaign against palm oil giant Wilmar
      607 8 AFP [JAKARTA] Oreo cookies and Gillette shaving cream are among products driving the destruction of Indonesia’s forests, Greenpeace said yesterday, accusing agri-giant Wilmar International of supplying “dirty palm oil” to make the grocery items. In its report “Licence to Kill", Greenpeace said
      AFP; PHOTO: AFP  -  607 words
    • Article
      Lock icon Mapletree Industrial Trust DPU up 7.9%
      389 9  -  Gross revenue rises 7.6% in Q2 on higher rental for all property segments By ONG CHOR HAO ongch@sph.com.sg MAPLETREE Industrial Trust (MIT) reported a sec-ond-quarter distribution per unit (DPU) of 2.47 cents, a 7.9 per cent increase from the 2.29 cents a year earlier,
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    • Article
      Lock icon PICTET
      273 9 Pictet-Absl Rtn Glo Cons-P EUR 17/10/2013 EUR 100,88 Pictet-Absl Rtn Glo Div-P EUR 17/10/2013 EUR 112,97 Pictet-Asian Equities Ex Japan-P USD 18/10/2013 USD 185,65 Pictet-Asian Local Currency Debt-P USD 18/10/2013 USD 146,88 Pictet-Biotech-P USD 18/10/2013 USD 511,01 Pictet-Clean Energy-P USD 17/10/2013 USD 80,73 Pictet-Digital Communication-P USD 17/10/2013 USD 189,82
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    • Article
      Lock icon Lower finance expenses pull Rickmers’ Q3 profit up 59%
      632 9  -  By jasng@sph.com.sg JASMINE NG jasng@sph.com.sg RICKMERS Maritime, a Sin-gapore-based business trust that owns and operates container ships, said third-quarter net profit jumped 59 per cent on lower finance expenses. Net profit rose to US$13.1 million from US$8.2 million a year earlier,
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      420 5 SME Banking Standard Cg Chartered Here for good I I in cashflow assistance working days to approved t business opportunity secured It’s good when we share your vision of success Address your cash or expansion needs today. SME Banking’s Business Instalment Loan is an unsecured term loan that promises you
      420 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market bets on weak US jobs report
      591 6  -  STI up for fifth straight session, accumulating a total gain of 45 points STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday rose for the fifth consecutive trading day this time by 14.45 points to 3,210.21, taking its five-day gain to
      Source: Bloomberg  -  591 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Oct 22 VALUE CLOSE BT OB/OS 423.00 +370.00 BT CADI -*****.00 +84.00 BT 10-day MA -*****.00 +42.00 FTSE ST Mid Cap 741.88 -0.94 FTSE ST Small Cap 544.26 +2.40 FTSE ST All Share 780.08 +2.74 FTSE ST China Top 207.81 +1.54 FTSE ST China 235.74 +1.62 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 4 0 0 0 6 4 4 Manufacturing 69 40 39 5 8 9 74 48 48 Commerce 29 12 23 5 6 2 34 18 25 Tpt/Stor/Comms 21 8 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,368 13,368 46,013 46,013 Manufacturing 532,026 96,932 628,958 212,741 3,827 216,568 Commerce 232,917 233,418 466,335 134,665 12,216 146,880 Tpt/Stor/Comms 201,139 13,593 214,732 204,669 6,229 210,898 Finance 324,121 1,312 325,433 126,599 502 127,100 Construction 100,684 110,685
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      904 6  -  Compiled by JOYCE HOOI Midas Holdings Oct 22 close:$0.50 OCBC Investment Research MIDAS Holdings (Midas) has clinched high-speed train contracts after a more-than 2½-year hiatus. The company announced on Monday evening that it has secured contracts to supply aluminium alloy extrusion profiles and certain fabricated parts for the
      Source: Bloomberg  -  904 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.995 +0.005 CapitaLand 3.200 +0.020 CapitaMall 2.000 +0.020 CityDev 10.49 +0.010 ComfortDelGro 1.910 -0.010 DBS Grp 16.64 +0.040 GLP 3.100 Genting SP 1.505 +0.005 Golden Agri 0.540 HK Land 6.330 +0.010 HPH Trust US$ 0.765 JMH 54.30 +0.300 JSH 33.71 -0.120
      112 words
    • Article, Illustration
      Lock icon Rupee extends losses, dollar at recent lows
      509 6 CURRENCIES Reuters [MUMBAI] The Indian rupee fell to a near one-week low yesterday, extending losses for a third session, on month-end dollar demand from importers amid cautious trading ahead of US non-farm payroll data. A private chemical firm bought around US$200 million early
      Reuters; PHOTO: AFP  -  509 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Innopac 309,495,000 SingHaiyi 203,577,000 Kep REIT 163,062,000 Albedo 160,978,000 Blumont 153,523,000 LionGold 139,515,000 Asiasons 114,034,000 YHM 95,037,000 Ace Achieve 84,042,000 IPCO Intl 74,949,000 VALUE($) Kep REIT 194,379,470 SingTel 115,574,500 Noble Grp 65,050,510 Wilmar 58,352,510 LionGold 44,963,315 OCBC Bk 44,843,720 Genting SP 42,394,195 HPH Trust US$ 35,698,610
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    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP IS S&P500 ***** 406.8 1.9 DBXT AUDCS 5SG$ ***** 346.0 1.4 DBXT MSAsExJp 10US$ 3447 106.7 2.6 DBXT MSTHAI 10US$ 2079 83.1 3.3 Lyxor EasternEurope1 528 74.4 12.8 DBXT MSPacExJp 10US$ 533 65.7 11.0 JMH 5430 37.2 0.6 ShangriLa Asia 1350 32.0 17.4 DBXT SPASX200
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    • Article
      Lock icon FALLS
      117 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -67.0 -0.4 Jardine C&C 3640 -40.0 -1.1 JSH 3371 -14.9 -0.4 Total Access 345 -12.4 -2.8 Lyxor China H 10US$ 1425 -7.4 -0.4 Tianjin Zhong 100.5 -5.6 -4.3 Keppel Corp 1086 -5.0 -0.5 SATS 334 -5.0 -1.5 UOL 643 -5.0 -0.8 DBXT
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      202 7 7 t md t A 'i i r i mm WE STARTED THINKING ABOUT TODAY THREE YEARS AGO Knowing what is happening in markets around the world today is not enough. Successfully investing clients' assets requires more. Identifying hidden risks. Uncovering future opportunities. Our time-tested investment process helps us separate
      202 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      61 8 16 18 July 2014 Marina Bay Sands, Singapore ASIA www.OfficExpoAsia.com Singapore’s finest dedicated event for total office and business solutions Be involved. Exhibit with Us. Email: OEA@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel:
      61 words
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      27 8 www.omy.sg LEARN ►ii Cute Animal >1 Set Record! f r SP > i 0 lifestyle.omy.sg Download omy Apps wm m ®Sfes I J|] omy News iOSAppStore Google Play
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      Lock icon Page 9 Advertisements Column 1
      22 9 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices WATS NOTICES I Ij T
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      Lock icon Page 9 Advertisements Column 2
      76 9 > ■i DOMAIN JEROME A 0 F A M 0 S t :<i* sS*» %*s mkaii. m w. < -.I n A -v •'•'•rC* ft »r tj PART OF THE TITANIODNA STEAMPUNK METAL AUTO EVOKES POWERFUL MECHANICAL INGENUITY. THIS RETRO-FUTURISTIC TIMEPIECE IS SWISS MADE AND CONTAINS STEEL FROM THE WRECK
      76 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Not too late to be entrepreneur at 45 years old
      968 10  -  Just ask Patrick Goh, 1 of 3 winners of ASM E-Rotary Young Entrepreneur award By FELDA CHAY feldac@sph.com.sg PATRICK Goh was 45 years old when he and four partners, all of whom are older than him, decided to start bedding
      PHOTO: LIANHE ZAOBAO  -  968 words
    • Article, Illustration
      Lock icon Three trailblazers of the arts take top honours
      637 10  -  By HELMI YUSOF helmi@sph.com.sg IF good artists are defined by innovation and daring, then the three recipients of this year’s Cultural Medallion certainly deserve the top honour. Fearless theatre practitioner Ivan Heng, 50, visionary conductor Tsung Yeh, 63, and prolific author Mohamed
      PHOTO: NG SOR LUAN/THE STRAITS TIMES  -  637 words
    • Article
      Lock icon Keppel breaks ground for new Yangon hotel wing
      307 10  -  By MINDY TAN By tanmindy@sph.com.sg KEPPEL Land broke ground for a new 29-storey hotel wing yesterday, which forms phase two of Sedona Hotel Yangon. Expected to be fully completed in 2016, this phase adds about 420 rooms, bringing the hotel’s total room
      307 words
    • Article
      Lock icon Affluent prioritise life balance, health
      335 10  -  Visa survey shows spare time considered a luxury By CARINE LEE carinel@sph.com.sg ACHIEVING greater work-life balance and keeping fit are priorities for high-income earners in Singapore and in markets in the Asia-Pacific and the UAE, a study shows. The Visa Affluent Study 2013 released yesterday
      335 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Pivotal opens centre for big data projects
        102 10 ENTERPRISE solutions provider Pivotal has partnered the Infocomm Development Authority of Singapore to open the Pivotal Innovation Centre. The centre provides access to more than US$8 million worth of Pivotal hardware and software as well as test-bedding infrastructure that customers can use to
        102 words
      • Article
        Lock icon MSIG launches travel alert service
        63 10 MSIG has launched a new travel alert service for its travel policyholders this month. The alerts, sent via SMS, cover four information areas, namely extreme weather, earthquakes and natural disasters; public transport delays, riots, strikes; political unrest, war and terrorism; and outbreaks and contamination. The
        63 words
      • Article
        Lock icon ShareInvestor, OCBC organise talk
        61 10 FINANCIAL portal ShareInvestor and OCBC Securities will be organising a talk, “The Intelligent Investor”, featuring Roger Montgomery, founder of Montgomery Investment Management Pte Ltd. During the Oct 26 event, OCBC Investment Research analyst Carey Wong will discuss the importance of blue chips, while OCBC Securities product
        61 words
    • Article
      Lock icon JTC FY12 net surplus falls 26% on higher capex
      408 10  -  By JACQUELYN CHEOK jaccheok@sph.com.sg JTC Corporation achieved a net surplus of $1.31 billion in FY12, down 26.3 per cent from $1.778 billion in FY11. Capital expenditure rose 25.7 per cent from $1.272 billion in FY11 to $1.6 billion in FY12, driven
      408 words
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      625 11 The greater promise of a greater cloud. Today’s public, private and hybrid cloud platforms aren’t just changing computing models. They’re changing business models. On a Smarter Planet, a few bold thinkers are seeing the cloud not just as a platform for optimisation, efficiency, storage and security, but as an incubator
      625 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Iskandar denies bribery probe of any of its CEOs
      437 12  -  Malay daily reports that the bribe asked for was more than RM400,000 from an IIB contractor By PAULINE NG in Kuala Lumpur THE master planner for Iskandar Malaysia has denied that any of the chief executives of its units is under
      437 words
    • Article, Illustration
      Lock icon KL on right track to keep household debt level under check: ex-FSA chief
      718 12 He says Asian debt levels near that of advanced countries [KUALA LUMPUR] Malaysia is on the right track to rein in the level of household debt which, if left unchecked, could have implications on economic stability. However,
      PHOTOS: REUTERS, BLOOMBERG  -  718 words
    • Article
      Lock icon Rejecting TPP could cost M’sia FDI: don
      212 12 [KUALA LUMPUR] Malaysia risks losing out to other countries if it refrains from joining the Trans-Pacific Partnership (TPP) agreement as its reluctance may impede investments trickling into the country. Universiti Kebangsaan Malaysia senior fellow and associate professor of law Sufian Jusoh said foreign
      212 words
    • Article
      Lock icon Freeport Indonesia agrees to wage deal, averts strike
      314 12 10% annual wage increases for workers for 2 years Bloomberg [JAKARTA] Freeport-McMo-Ran Copper Gold Inc agreed to increase wages for its Grasberg mine workers in Indonesia in a deal that will avoid a strike at the world’s second largest copper mine. PT
      Bloomberg  -  314 words
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      1670 12 RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 12 November 2013
      1,670 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China Sept home prices climb the most in 3 years
      649 13 Moves to balance rising prices without stifling growth have not succeeded Reuters [BEIJING] China’s home prices rose the most in nearly three years in September, led by a surge in big cities, adding to the threat of a property bubble
      Reuters; PHOTO: REUTERS  -  649 words
    • Article
      Lock icon India to launch interest rate futures: sources
      694 13 Reuters [MUMBAI] India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank. These interest rate futures (IRFs) would
      Reuters  -  694 words
    • Article, Illustration
      Lock icon Beijing on drive to cut industrial overcapacity
      518 13  -  By SC YEUNG EJ Insight [HONG KONG] Five years. That's how long China is giving itself to cut overcapacity in a range of industries regarded as some of the biggest obstacles to economic reform. To get there, Beijing has mapped out a route
      EJ Insight  -  518 words
    • Article
      Lock icon PBOC flags possible shift to tightening
      419 13 Bloomberg [SHANGHAI] The People’s Bank of China (PBOC) used words and deeds to flag a possible shift to tighter monetary policy as an academic adviser highlighted inflation risks and yuan gains restarted. The currency touched a 20-year high of 6.0915 per US dollar last
      Bloomberg  -  419 words
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      32 13 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
      32 words
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  • WORLD
    • Article, Illustration
      Lock icon UK fingers 22 people in Libor rigging probe
      528 14  -  Ex UBS, Citi trader is first to be charged with manipulating Libor, two others face fraud charge By NEIL BEHRMANN in London THE UK’s Serious Fraud Office (SFO) has written to 22 individuals to tell them they are facing investigation for potential
      PHOTOS: REUTERS  -  528 words
    • Article
      Lock icon Climate protection financing fell 1% in 2012: study
      267 14 Bloomberg [LONDON] Financing of projects that reduce carbon emissions and protect against the effects of climate change fell one per cent last year, hampering efforts to slow global warming, according to a research report. Spending from governments and companies on renewable energy
      Bloomberg  -  267 words
    • Article, Illustration
      Lock icon Berkshire usurps Apple as top stock pick
      508 14 Bloomberg [NEW YORK] Warren Buffett’s Berkshire Hathaway Inc regained its ranking as the favourite stock pick among US and Canadian multimillionaires, beating Apple Inc and fending off the increasing preference for exchange-traded funds. Members of Tiger 21, a New York-based group of wealthy
      Bloomberg  -  508 words
    • Article, Illustration
      Lock icon Wall St profit forecast to fall 37%
      632 14 Setback due to rising interest rates, legal costs, gridlock Bloomberg [NEW YORK] Wall Street’s profit may fall 37 per cent this year, hurt during the second half by rising interest rates, legal costs and budget turmoil in Washington, New York State Comptroller Thomas
      Bloomberg; PHOTO: AFP  -  632 words
    • Article
      Lock icon Smartwatch may make Swiss sweat
      574 14 Bloomberg [FRANKFURT] In the 1970s, Switzerland’s watchmakers were almost put out of business when they underestimated the importance of the quartz watch. Though the industry recovered and is prospering, today it faces a new technological challenge from “smartwatches” such as Samsung’s US$299 Galaxy Gear. As
      Bloomberg  -  574 words
    • Article
      Lock icon Paradise, Sega plan US$1.7b casino resort in Incheon
      413 14 Reuters [SEOUL] One of South Korea’s biggest gaming firms Paradise Co Ltd is building a US$1.7 billion casino resort in the coastal city of Incheon to lure the rising number of Chinese gamblers flocking to the country. Paradise, one of two companies
      Reuters  -  413 words
    • Article
      Lock icon New Manila forex rule to spur overseas deals
      517 15 It will allow locally listed foreign firms to remit IPO proceeds abroad through banks Bloomberg [MANILA] The Philippines eased foreign-exchange rules that will allow overseas companies based in the country to convert proceeds from local share offerings into dollars, helping spur cross-border
      Bloomberg  -  517 words
    • Article, Illustration
      Lock icon NYSE, Nasdaq vie for Alibaba’s US$75b IPO
      342 15 NYT [NEW YORK] The two big stock exchanges in the United States are ready to fight for the right to host the initial public offering of the Alibaba Group, the Chinese Internet giant. Both the New York Stock Exchange and the Nasdaq stock
      NYT; PHOTO: BLOOMBERG  -  342 words
    • Article, Illustration
      Lock icon Starbucks reaches for the ‘cloud’ to learn its customers’ preferences
      879 15 Bloomberg [PORTLAND] Starbucks Corp, famous for giving away Wi-Fi that links customers to the Internet, now wants to apply Web technology to its own operations by networking coffee makers, refrigerators and other appliances. Over the next year, Starbucks said it
      Bloomberg; PHOTO: BLOOMBERG  -  879 words
    • Article
      Lock icon Japan banks shift to long-term notes
      702 15 They expect Kuroda Put to shield them from possible losses Bloomberg [TOKYO] Japan’s largest lenders are shifting their debt portfolios to longermaturity sovereign notes, seeking to squeeze out higher returns and betting that central bank buying will shield them from potential losses. So-called city
      Bloomberg  -  702 words
    • Article
      Lock icon Deutsche Bank’s online US options trading
      297 15 Bloomberg [NEW YORK] Deutsche Bank AG is introducing an electronic platform for investors to trade options on single stocks, equity indexes and exchange-traded funds across US derivatives exchanges. The system will give clients access to automated trading across all 12 American options venues, including
      Bloomberg  -  297 words
    • Article, Illustration
      Lock icon Big US banks say proposed leverage ratios arbitrary
      523 16 They add that they would be at a disadvantage to non-US banks Bloomberg [WASHINGTON] Some of the largest US banks said a proposed rule to increase the capital they hold against potential losses is arbitrary and would put them at a disadvantage
      Bloomberg; PHOTO: BLOOMBERG  -  523 words
    • Article
      Lock icon French firm takes 25% stake in UK shale gas explorer
      346 16 Reuters [LONDON] France’s GDF Suez is the second heavyweight energy firm to dip a toe into British shale gas exploration after taking a 25 per cent stake in onshore projects in northern England and Wales. The Paris-based company said yesterday
      Reuters  -  346 words
    • Article, Illustration
      Lock icon SQUATTER ART
      69 16 [PARIS] French minister for Culture and Communication Aurelie Filippetti during a visit to the building known as “La Tour” on Monday. Artists from all over the world have occupied the building’s 36 flats to create “street art works”. Gallerist Mehdi ben Cheikh is behind this “ephemeral” event. The
      AFP  -  69 words
    • Article
      Lock icon UK may guarantee £33b of infrastructure deals
      292 16 Bloomberg [LONDON] The British government may guarantee £33 billion ($66 billion) of infrastructure projects, over half of them in the energy industry. The 40 road, rail and energy projects have been selected as eligible for the government to act as guarantor, the Treasury
      Bloomberg  -  292 words
    • Article
      Lock icon Bank of America faces 3 more mortgage bond probes
      767 16 Sources say it is being examined for FIRREA violations Bloom berg [NEW YORK] Bank of America Corp, sued by US attorneys in August over an US$850 million mortgage bond, faces three additional Justice Department civil probes over mortgagebacked securities, according to
      Bloomberg  -  767 words
    • Article
      Lock icon Google unveils free expression on Web package
      405 16 One program allows users to bypass govt censorship Reuters [SAN FRANCISCO] Google will begin to shield news organisations and human rights groups from cyberattacks as part of a new package of services designed to support “free expression” on the Web, the Internet giant
      Reuters  -  405 words
    • Article
      Lock icon BlackBerry rolls out BBM system to Apple, Android
      297 16 Bloomberg [NEW YORK] BlackBerry Ltd’s BBM instant messaging system is rolling out to users of Apple Inc’s iPhone and Google Inc’s Android, following a hitch that suspended the software’s introduction last month. “We are about to officially resume our roll-out of BBM
      Bloomberg  -  297 words
    • Article, Illustration
      Lock icon Nokia launches its first tablet, smartphones
      509 17 Finnish firm joins Microsoft’s global push for major share of mobile devices Reuters [ABU DHABI] Nokia has unveiled its first tablet and large-screen smartphones, which will form part of Microsoft’s global push to become a leading player in consumer devices when it takes over
      Reuters; PHOTOS: REUTERS  -  509 words
    • Article
      Lock icon China, Europe oil giants win Brazil auction
      559 17 CNOOC, CNPC, Shell, Total win Libra production rights AFP [RIO DE JANEIRO] China’s China National Offshore Oil Corporation (CNOOC) and China National Petroleum Corporation (CNPC), An-glo-Dutch giant Royal Dutch Shell and France’s Total joined Brazilian state operator Petrobras on Monday in winning production
      AFP  -  559 words
    • Article
      Lock icon JPMorgan Chase unit starts Asia hedge fund
      387 17 Bloomberg [HONG KONG] Highbridge Capital Management LLC, the JPMorgan Chase Co unit that manages about US$31 billion, is starting an Asia hedge fund, returning to the market more than two years after shutting a predecessor fund. Highbridge plans to raise about US$250 million
      Bloomberg  -  387 words
    • Article, Illustration
      Lock icon Obama admits flaw in healthcare website
      914 17 But he defends law, urging users to call tel number instead NYT [WASHINGTON] President Barack Obama offered an impassioned defence of the Affordable Care Act on Monday, acknowledging the technical failures of the HealthCare.gov website, but providing little new information about the problems with
      NYT; PHOTO: NYT  -  914 words
    • Article
      Lock icon UK budget deficit narrows in Sept
      422 17 Resurgence in the housing market boosts tax income Bloomberg [LONDON] Britain’s budget deficit narrowed more than economists forecast in September as the housing-mar-ket recovery boosted stamp duty and rising spending lifted value-added tax (VAT). Net borrowing excluding temporary support for banks was £11.1 billion
      Bloomberg  -  422 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon ‘Fair consideration’: handle with care
      517 18 EDITORIAL THE government has signalled that it intends to extend the Fair Consideration Framework beyond just hiring, to include post-employment practices by companies, such as their decisions on staff promotions, retrenchments, and retirements. As Acting Manpower Minister Tan Chuan-Jin pointed out in Parliament on Monday,
      517 words
    • Article, Illustration
      Lock icon America falls in the eyes of the rest of the world
      824 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 EVER since the Second World War, the United States has played an indispensable role, ensuring peace and order in the
      824 words
    • Article, Illustration
      Lock icon Central banks need to stop micro-managing markets
      848 18  -  They should communicate clearly risks, opportunities to aid private investors’ decisions By MARCEL FRATZSCHER The writer, a former head of international policy analysis at the European Central Bank, is president of the German Institute for Economic Research (DIW Berlin) and professor of macroeconomics
      Project Syndicate; PHOTO: BLOOMBERG  -  848 words
    • Article, Illustration
      Lock icon Time to take cyberthreats seriously
      1270 19  -  Businesses’ compliance-based security strategies haven’t kept pace with dramatically evolving data security risks B)’ TAN SHONG YE MANISH CHAWDA The writers are head of Singapore IT risk and cyber security practice, and associate director risk assurance, PwC Singapore, respectively HILE organisations have made significant security
      PHOTO: STOCK.XCHNG; Source: PwC  -  1,270 words
    • Article
      Lock icon CPFIS members should invest prudently
      291 19 LETTER TO THE EDITOR IN your articles, “Designated stock saga exposes weaknesses” (BT, Oct 11) and “Tell investors why CPFIS stock Chasen crashed” (BT, Oct 18), your senior correspondent R Sivanithy touched on the issue of whether the CPF Investment Scheme’s (CPFIS) qualifying criteria for
      291 words
    • Article, Illustration
      Lock icon Will an EU-US trade deal hurt developing-country exporters?
      769 19  -  By AADITYA MATTOO The writer is research manager of Trade and International Integration at the World Bank Project Syndicate THE negotiations to create a Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States are being widely welcomed.
      Project Syndicate  -  769 words
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  • Transport HUB
    • Article, Illustration
      Lock icon Explaining groundings
      1047 20  -  A new loss prevention video from a P&I club contains important messages for the shipping industry to heed STRAIT TALK By DAVID HUGHES THE shipping industry has grabbed the attention of the general public, and politicians, over the past couple of years in a way it would much
      PHOTO: BLOOMBERG  -  1,047 words
    • Article
      Lock icon US’s NGL exports seen quadrupling by 2020
      605 20 Bloomberg [NEW YORK] US exports of natural gas liquids (NGLs), already at a record amid surging output from shale deposits, are poised to quadruple by 2020 as the expansion of the Panama Canal cuts shipping costs to Asia. Deliveries of the fuels to
      Bloomberg  -  605 words
    • Article
      Lock icon TRANSPORT STOCKS
      249 20 SGX '000 Oct 22 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 433 Cosco Corp 0.82 0.01 1273 Cwt Limited...............1.41 0.01 253 Ezra Hldgs 1.24 0.01 7745 First Ship Lea 0.09 unch 153 Freight Links 0.10 unch 2461 Grand Banks 0.23 unch 129 Jaya Hold Ltd
      249 words
    • Article
      Lock icon Japan firms invest in Brazil shipbuilder
      242 20 They take 30% stake for 30b yen to capitalise on newly found oil reserves AFP [TOKYO] A Japanese consortium yesterday said that it would buy a 30 per cent stake in a Brazilian shipbuilder as it eyes the lucrative market for resource-exploration vessels. The
      AFP  -  242 words
    • Article, Illustration
      Lock icon Panama to free N Korean crew
      479 20 NYT [PANAMA CITY] The authorities in Panama said on Monday that they would release 33 of the 35 North Korean crew members of a rusting freighter impounded more than three months ago for carrying a secret stash of Soviet-era Cuban military gear hidden under
      NYT; PHOTO: AFP  -  479 words
    • Article
      Lock icon New Arctic route sees first delivery to S Korea
      313 20 Reuters [SEOUL] South Korea has taken delivery of its first cargo shipped by a Korean firm via the Northern Sea route, as the government looks to increase use of the new shipping route opened up through the Arctic. A vessel chartered
      Reuters  -  313 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Tier-2 cities ‘set to boost Indonesia aviation market’
        480 21  -  Myanmar sees Nang Pyi Taw, Mandalay as new gateways for foreign investors By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] In the boom market that is Indonesia and the frontier one that is Myanmar, growth in aviation is set to come from secondary cities and
        PHOTO: BLOOMBERG  -  480 words
      • Article
        Lock icon Mexican LCC VivaAerobus orders 52 Airbus jets
        339 21 US$5.2b deal biggest LatAm order from one airline for Airbus AFP [MEXICO CITY] Airbus on Monday signed its biggest Latin American order from a single airline in its history, with a US$5.2 billion purchase agreement for 52 aircraft with Mexican lowcost carrier (LCC)
        AFP  -  339 words
      • Article
        Lock icon A350 to use older batteries first, for faster approval
        596 21 Bloomberg [TOULOUSE] Airbus SAS will seek permission to fly its new A350 jet with more advanced lithium batteries only after first using a standard nickel cadmium model in a bid to secure faster approval, said the programme director for the A350.
        Bloomberg  -  596 words
      • Article, Illustration
        Lock icon TSA widens pre-flight screening of travellers
        837 21 NYT [NEW YORK] The Transportation Security Administration (TSA) is expanding its screening of passengers before they arrive at the airport by searching a wide array of government and private databases that can include records such as car registrations and employment information. While the agency
        NYT; PHOTO: BLOOMBERG  -  837 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Siemens eyes billion-dollar Mexico rail jobs
        554 22 German firm vying for all projects, reducing reliance on own home market Bloomberg [MEXICO CITY] Siemens AG plans to bid for all 97 billion pesos (S$9.3 billion) in upcoming rail-engineering contracts in Mexico to reduce its dependence on its home German market. Siemens will
        Bloomberg; PHOTO: REUTERS  -  554 words
      • Article, Illustration
        Lock icon Canada main rail line to Pacific coast still closed
        661 22 Reuters [ALBERTA] Burning rail cars from a derailed Canadian train are taking longer to burn out than Canadian National Railway (CN) expected, closing the operator’s main line to the Pacific coast and keeping 100 people from their homes. The derailment in
        Reuters; PHOTO: REUTERS  -  661 words
      • Article
        Lock icon New Lexus fails to win ‘Consumer Reports’ rating
        358 22 Magazine’s reasons include fuel economy, handling Bloomberg [TOKYO] Toyota Motor Corp failed to win the coveted “recommended” rating for its new Lexus IS 250 sedan from Consumer Reports magazine, citing reasons including fuel economy and handling. The Lexus IS 250, which starts
        Bloomberg  -  358 words
      • Article
        Lock icon Hyundai expands recall of Genesis sedans to S Korea
        331 22 Reuters [SEOUL] Hyundai Motor Co said yesterday it would expand a US recall of about 27,500 Genesis sedans to South Korea and other markets to address a potential brake issue as it prepares to unveil a new version of the large
        Reuters  -  331 words
      • Article
        Lock icon Ford to pare supplier ranks by 40%
        344 22 WP [DEARBORN, Michigan] Ford, the US automaker that purchases about US$100 billion worth of parts annually, plans to reduce its roster of suppliers by 40 per cent to cut the cost of building its cars and trucks. Ford’s long-term goal is to buy
        WP  -  344 words
    • Article
      Lock icon SHIPPING TIMES
      2400 23 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
      2,400 words
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      297 21 CRYPTIC CROSSWORD Across 1 Confused tabby’s followed around (11) 9 Cover one undressed catching cold oddly (7) 10 Tried hard recipe in oven (6) 12 Heartless captains capturing state ships (7) 13 Unusually clean licence ends for motor’s cover (7) 14 Rough copper replacing one in squad (5) 15 Nearly
      297 words
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      44 22 k .4 t m 1 I H t If r c AVAILABLE OH iPAD android II BOATING A SUBSIDIARY OF SPH MAGAZINES PTE LTD j Btu Inc Media (HK) Ltd. Tel: *****65 2800 Fax: 852 2868 1799 www.bluincmedia.com Enquiry: queries@bluincmedia.com Subscribe at sub@bluincmedia.com www.asia-pacificboating.com
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      Lock icon Page 22 Advertisements Column 2
      35 22 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 4' w i 1 ft ■V v j mmmm D facebook.com/hotfmsg @hotfmsg www.hotfm.sg
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      43 23 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
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      Lock icon Page 23 Advertisements Column 2
      18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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      Lock icon Page 24 Advertisements Column 1
      91 24 mporters ooking 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 THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3164 25 Transaction date: Oct 22 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 84 59 ABR Hldgs 75 unch 100 75 75 75 77 1.2 41.3 1.9 150.7 Last Quote Div
      3,164 words
    • Article
      Lock icon SGX CATALIST
      228 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 3u
      228 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11062 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian local ccy SD Bond ,0 9817/ Global Emerging Markets!** China Opportunities 7 9177/ FM local Ccy Bond 0 9753/ European
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    • Article
      Lock icon GLOBALQUOTE
      262 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A57 unch 24 57.5 55 57 58 3.6 6.1 4.6 211 52 31 Genting HK US$ US43 +0.5 4764 43.5 42.5 43 43.5 2831.3
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    • Article
      Lock icon SGX ETF
      900 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 114.5 18 114.5 114.5 112.5 114.5 522.7 143 125 CIMB APAC Div 100S$D 130.8 130.7 131.6 114.4 99.2 CIMB APAC
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      594 27 Oct 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.08 *****.77 *****.78 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar14 *****.00 *****.00 *****.00 *****.00 23 323 MSCI TAIWAN INDEX FUTURES SPOT 297.39 298.15 295.88 Oct13 297.20 298.60 295.70 298.30 ***** *****9 Nov13 296.80
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 21 Index Change Change Change Change Change Change World Preliminary 1132.7 0.1 20.7 0.4 21.4 0.0 19.4 EAFE Preliminary 928.4 0.4 19.9 0.6 19.3 0.2 17.4 Europe Preliminary 1326.3 0.3 15.6
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Oct 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 5.886 0.707 7.490 59.597 109.175 0.950 10.248 3.065 1.144 102.745 41.709 1.199 9.507 0.872 28.383 30.067 0.599 0.966 Canada 1.005 5.916
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    • Article
      Lock icon SIBOR
      38 27 Oct 22 (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.***** Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 27 Oct 22 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 5-Year N*****0T 0.5 01-Apr-18 98.67 98.80 98.65 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      137 27 Oct 22 GOLD(US$/oz) Oct 21 Oct 22 Hong Kong 1326.00 1320.00 Oct 18 Oct 21 London 1315.95 1315.70 1316.68 1316.54 Source: Thomson Reuters CAST BAR Oct 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118 52 5gm 335 262 10gm 599 524
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    • Article
      Lock icon PALM OIL
      57 27 Oct 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2430.0 2457.0 2458.0 2421.0 419 5569 Dec 13 2435.0 2457.0 2458.0 2422.0 7352 ***** Jan 14 2434.0 2455.0 2456.0 2420.0 ***** ***** Feb 14 2437.0 2453.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Oct 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1978 1.1994 0.9659 0.9664 Canadian dollar 1.2041 1.2053 0.9712 0.9710 Euro 1.6957 1.6973 1.3674 1.3676 NZ dollar 1.0473 1.0489 0.8445 0.8451 Sterling pound 1.9999 2.0019 1.6127 1.6130
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    • Article
      Lock icon CHICAGO BOT
      109 27 Oct 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1303.25 1291.25 1304.00 1288.50 Jan 14 1300.50 1289.75 1301.25 1287.00 Mar 14 1281.75 1272.75 1283.50 1270.50 May 14 1264.50 1257.25 1267.25 1256.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • Article
      Lock icon LIFFE
      95 27 Oct 21 COCOA (£/tonne) Close Prev High Low Dec 13 1735 1731 1740 1718 Mar 14 1725 1721 1730 1710 May 14 1720 1714 1723 1702 Jul 14 1717 1711 1720 1700 COFFEE(US$/tonne) Close Prev High Low Nov 13 1602 1631 1639 1599 Jan 14 1585 1618 1625 1582
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1154 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 21 0.5 67 0.0 5 -81 57 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Allied Technologies W*****1 0.1 unch 315 1 4 1 Ascendas Reit MB
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Oct 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.78 0.04 WTI (Near Mth) 99.13 -1.65 Dubai (1-Mth F) 106.32 0.29 Tapis blend 117.46 -0.16 Minas 108.46 -0.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.14 0.53 Jet Kerosene 124.27 0.80 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Oct 22 S$ Bid Offer 1-month 1.2401 1.2411 2-months 1.2400 1.2410 3-months 1.2400 1.2410 6-months 1.2396 1.2407 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Oct-21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1803.50 1802.25 3 months 1850.00 1847.00 Copper, Grade A(US$/tonne) Cash 7225.00 7221.75 3 months 7244.00 7245.00 Lead(US$/tonne) Cash 2168.25 2152.50 3 months 2190.00 2175.50 Nickel (US$/tonne) Cash *****.50 *****.50 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 27 As at 9am Oct 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.227 1.169 Can dollar 1.228 1.181 Euro 1.739 1.657 Sterling pound 2.042 1.964 NZ dollar 1.076 1.035 US dollar 1.268 1.208 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 27 Oct 22 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
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      430 28 Separating winners from losers just got easier. With central banks supporting growth, economies around the world have stabilized. Stocks are less likely to move in sync, and more likely to rise or fall based on their own merit. What can you do now to make this work for you? Call
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      Lock icon Page 29 Advertisements Column 1
      111 29 II I want an insurance plan that protects my family from life's surprises." That's where we can help! With over 140 years of experience in protecting our customers against the unexpected, we ensure your family is safe in our hands by providing you with life insurance plans tailored to your
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  • executive Money
    • Article, Illustration
      Lock icon Hedge fund king Dalio tells how it all works on YouTube
      1272 30  -  Bridgewater founder’s plain-spoken 30-minute video is an oddly entertaining animated cartoon By ANDREW ROSS SORKIN NYT TAKE a look at the lessons in Dalio 101. Ray Dalio, the 64-year-old founder of Bridgewater Associates, the largest hedge fund in the
      NYT; PHOTO: BLOOMBERG  -  1,272 words
    • Article, Illustration
      Lock icon Washington needs to prove its political system still works
      893 28  -  A bipartisan political approach on debt-ceiling and deficit can help US minimise lasting damage to economy, restore its image MONEY MATTERS LAURENCE FINK The writer is chairman and chief executive officer of BlackRock, a New York City-based multinational investment management corporation
      PHOTO: AFP  -  893 words
    • Article, Illustration
      Lock icon Gold is now ‘buy-and-trade asset’: Credit Agricole exec
      707 28  -  He adds that gold supply and demand are currently in a tight balance By GENEVIEVE CUA gen@sph.com.sg GOLD is no longer a buy-and-hold asset, says Credit Agricole Private Banking Group global head of FX and precious metals Davis Hall. Instead, it is
      707 words
    • Article, Illustration
      Lock icon US pension funds turn to alternatives
      1203 29  -  While this may spell higher returns, it may also bring about increased risks, higher fees and lack of transparency By GRETCHEN MORGENSON NYT TODAY’S low-interest-rate environment has made the hunt for investment income tougher than ever. Many overseers of public pension funds, desperate to
      NYT; PHOTO: BLOOMBERG  -  1,203 words
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      Lock icon Page 30 Advertisements Column 1
      83 30 V Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and
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