The Business Times, 24 October 2013

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Microfilm: NL32849
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, October 24, 2013
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  • Article, Illustration
    Lock icon The SingTel killer app that almost was
    761 1  -  LoopMe’s launch scrapped following legal battle between firms that worked on it Reports by JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Earlier this year, SingTel came breath takingly close to launching its very own hybrid of WhatsApp and Viber an app called LoopMe. Its official launch
    PHOTO: BLOOMBERG  -  761 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,204.80 (-5.41) HST INDEX FUTURES 3,205.00 (-5.00) HSIMSCI 368.41 (-0.86) HSIMSCI FUTURES 368.50 (-1.00) US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.616 2.003 EURO (US$/S$/€ 1.375 1.705 Foreign currency per US$ S$ YEN 97.40 78.60 RM 3.167 2.555 HK$ 7.753 6.255 BAHT 31.19 25.16 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,814.11 +10.53 NIKKEI 225 14,426.05 -287.20 HANG SENG 22,999.95 -316.04 SET INDEX Closed JAKARTA COMP 4,546.50 +33.76 MANILA COMP 6,635.11 +31.51 SEOUL COMP 2,035.75 -20.37 SHENZHEN B 849.82 -8.93 MUMBAI IND 20,767.88 -97.09 12noon EDT Change DOW 15,407.51 -60.15 NASDAQ 3,901.24 -28.33
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 INDONESIA 14.664 TAIWAN 5.036 JAPAN CANADA KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Article
    Lock icon COE premiums fall across the board
    432 1  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] COE premiums ran out of steam after the strong surge two weeks ago and fell across the board in yesterday's second bidding exercise for October. A Category A certificate of entitlement used to register cars below 1,600cc sank $8,111
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  • Article
    Lock icon T-Jat’s suit groundless, says Amdocs
    305 1 [SINGAPORE] Amdocs, a New York Stock Ex-change-listed firm that had previously worked on a SingTel app, yesterday called claims brought against it by an Israeli start-up “groundless”. In July, the start-up a 12-employee firm called T-Jat had filed a petition against Amdocs and SingTel. The
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      215 1 COMPANIES Higher revenue, margin lift Sheng Siong Q3 profit PAGE 7 COMMENTARY Global energy: old fears, new hope PAGE 21 S’PORE NEWS 12 new projects sealed with Tianjin PAGE 12 PROPERTY Developers’ sentiment weakens further PAGE 31 *****1 11 *****A The L.U.C Collection Each part is a masterpiece The L.U.C
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      475 2 The SingTel killer app that almost was SINGTEL came close to launching its own hybrid of WhatsApp and Viber called LoopMe. Its official launch was canned, but not before a legal brawl between two firms that worked on it. FRONT PAGE COE premiums fall across the board COE
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    • Article, Illustration
      Lock icon Singapore inflation edges down to 1.6% in Sept
      802 2  -  Economists say it’s a blip, attribute it to a temporary fall in road transport cost By KELLY TAY kellytay@sph.com.sg [SINGAPORE] After climbing four consecutive months, inflation in Singapore eased to 1.6 per cent in September from 2 per cent in August largely
      Source: Department of Statistics  -  802 words
    • Article, Illustration
      Lock icon S’pore bankers may have to revise bonus hopes
      605 2  -  By SIOW LI SEN By lisen@sph.com.sg [SINGAPORE] Those in the banking industry who are drawing up their Christmas wish lists may wish to hold their horses. Going by the latest quarterly results, the bonus payouts and pay increases they are hoping for
      Source: eFinancialCareers  -  605 words
    • Article, Illustration
      Lock icon Networks must have diversity, be resilient: IDA
      397 4  -  Issue of ownership of network separate from resiliency, says regulator By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Even as the Infocomm Development Authority of Singapore (IDA) defended the resiliency of Singapore’s networks yesterday, it cautioned against conflating the issues of resiliency and ownership where OpenNet
      ST FILE PHOTO  -  397 words
    • Article
      Lock icon Apple freebies may cost Microsoft dearly
      713 4  -  Reports by AMIT ROY CHOUDHURY amit@sph.com.sg [SINGAPORE] Amid the hubbub over the improvements to its tablets unveiled on Tuesday, Apple slipped in an interesting announcement that could be quite a game changer over the medium to long term one that could hit Microsoft. This
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    • Article, Illustration
      Lock icon And now, an iPad Air and a new Mini
      488 4 AT its second major product announcement event this year on Tuesday, Apple trotted out the old razzmatazz patented by the late Steve Jobs. A new Mac Pro and an updated MacBook Pro were among the devices announced, but the clear stars
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    • Article, Illustration
      Lock icon Microsoft cash cow getting squeezed
      392 4  -  REUTERS BREAKINGVIEWS By ROBERT CYRAN [NEW YORK] Apple’s giveaways are a jab at Microsoft. Mac users won’t have to pay to upgrade to the latest operating system, the company said at its event on Tuesday. Those who buy a new product won’t pay for work
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    • Article
      Lock icon Manmohan Singh faces CBI questioning
      393 4  -  By NEETA LAL in New Delhi IN an unprecedented move, India’s premier investigating agency the Central Bureau of Investigation (CBI) will be questioning Prime Minister Manmohan Singh in the Coalgate case allegedly involving leading industrialist Kumar Mangalam Birla. The Coalgate scandal surfaced after an auditor’s
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      506 2 khW cutting through complexity Banking Risk Regulations Conference 2013 Date Join us at our KPMG Banking Risk Regulations Conference 2013, Day 1: which will be held from 18 to 19 November at The St. Regis Monday, 18 November 2013 Singapore. Day 2: Tuesday, 19 November 2013 Time Day 1: 9.00am
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      136 3 •l I r I THE WORLD'S CITI. IT'S WHEREVER YOU ARE Look closely. Because these are the world changers. Because they have ideas. About a new technology. A cure. A company. A family. They are going to make the world a little better. They just need someone to believe in
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      111 4 Organised By: 31 Oct 3 Nov 2013 SUNTEC Singapore, Level 6 12pm 9pm DAILY ceeshow.sg/about Our IT Shows: What’s more, SPIN YOUR WAY to $40,000 prizes (Cash inclusive) in CEE online instant draw! Total 200 winners. For every $100 spent or deposit placed, you get 1 chance to win. Terms
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      125 5 Artful Luxury Redefined Olympic length swimming pool with Cabanas Clubhouse and Residence Concierge, managed by Capella Singapore Spacious residence with double-volume balcony Location, Privilege and Provenance Ardmore Residence, a new luxury residential development by Pontiac Land Group. The exclusivity of urban living, complemented by lush tranquility and security. 4-bedroom residences,
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  • COMPANY NEWS
    • Article
      Lock icon CMT’s Q3 DPU rises 5.8%, lifted by revamps, higher rentals
      633 6  -  Distributable income up 9.7% to $88.8m, net property income up 12.9% By FELDA CHAY feldac@sph.com.sg CAPITAMALL Trust (CMT) saw a 5.8 per cent year-on-year rise in distribution per unit (DPU) to 2.56 cents from 2.42 cents for its third quarter,
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    • Article
      Lock icon CapitaRetail China’s Q3 DPU falls 6.6%
      589 6  -  By MINDY TAN tanmindy@sph.com.sg CAPITARETAIL China Trust (CRCT) yesterday posted a distribution per unit (DPU) of 2.26 cents for the third quarter ended September, down 6.6 per cent from 2.42 cents a year earlier. Based on an annualised DPU of 8.97 cents and CRCT’s
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    • Article
      Lock icon Lower financing cost helps boost FCOT’s DPU
      399 6  -  By ONG CHOR HAO ongch@sph.com.sg FRASERS Commercial Trust (FCOT) booked a distribution per unit (DPU) of 2.08 cents for its fiscal fourth quarter, an 18.9 per cent jump over the 1.75 cents a year ago, despite lower revenues. For the three months ended
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    • Article
      Lock icon Higher revenue, margin lift Sheng Siong Q3 profit
      498 7  -  It expects sector to remain competitive and cost pressures to continue By MICHELLE QUAH michquah@sph.com.sg SUPERMARKET chain Sheng Siong Group turned in a better overall performance in the quarter just ended, compared to a year ago, as new stores added to its
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    • Article
      Lock icon Cache posts 2.126 cent DPU for Q3
      407 7  -  By MINDY TAN tanmindy@sph.com.sg CACHE Logistics Trust posted a distribution per unit (DPU) of 2.126 cents for the third quarter ended September 2013, down 0.8 per cent from 2.144 cents a year ago. Distributable income rose 9.6 per cent to $16.5 million, from
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    • Article
      Lock icon AIMS AMP’s DPU jumps 10% to 2.75 cents
      545 7  -  BY. FELDA CHAY feldac@sph.com.sg AIMS AMP Capital Industrial Reit saw a 29.2 per cent year-on-year jump in distribution to $14.5 million for its second quarter, aided by a new source of rental contribution the first two phases of 20 Gul Way and
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    • Article
      Lock icon Tuan Sing unit drawn into Gilstead Court row
      496 10  -  Three members of sale committee claim breach of contract over an offer By ANDREA SOH sandrea@sph.com.sg TUAN Sing Holdings’ wholly-owned subsidiary Dillenia Land embroiled in an escalating dispute between owners of Gilstead Court units over a collective sale yesterday said that it
      496 words
    • Article, Illustration
      Lock icon Being responsible, accountable and transparent
      655 10 Financial scandals, such as that over the Libor fixing, rejections by shareholders of remunerations seen as excessive, and the slow pace of gender diversity have all brought corporate governance into the spotlight. Five chief executives tell BT why they are stepping forward to support good
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    • Article
      Lock icon SIIC unveils plans for use of funds from placement
      609 11  -  It aims to expand waste-water treatment plants, complete M&A deals By GRACE LEONG gleong@sph.com.sg MAINBOARD-LISTED SIIC Environment Holdings plans to use $260.2 million in net proceeds from a proposed share placement to help fund expansion of waste-water treatment plants and completion
      609 words
    • Article
      Lock icon Yoma unit, Volkswagen in Myanmar deal
      321 11  -  It will co-run VW’s first service centre in the country By MICHELLE QUAH michquah@sph.com.sg YOMA Strategic Holdings is continuing to roll out new business ventures in Myanmar, this time, via a subsidiary’s agreement to co-run Volkswagen’s first service centre in the country. The group
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    • Article
      Lock icon C&G to sell China wasterecycling business, assets
      370 11  -  By GRACE LEONG gleong@sph.com.sg MAINBOARD-LISTED C&G Environmental Protection Holdings is planning to sell its waste-to-energy business and assets, including concession rights and its principal operating subsidiaries in China. In a Singapore Exchange statement issued yesterday, the Hong Kongbased investor and operator in China
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    • COMPANY BRIEFS
      • Article
        Lock icon Ho Bee Inv renamed Ho Bee Land
        47 11 HO Bee Investment will be changing the name of its trading counter to Ho Bee Land, following a special resolution passed at the extraordinary general meeting on Sept 24. The name change will take effect from 9 am on Friday.
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      • Article
        Lock icon Rowsley appoints new Group CEO
        122 11 ROWSLEY Ltd has appointed the former CEO of CapitaMall Asia (China), Lock Wai Han, as Group CEO from Nov 1. Mr Lock, 46, will report to executive chairman Ho Tat Kin and the board of directors. Before CMA China, Mr Lock worked in the public
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      • Article
        Lock icon Transcu to dispose of some businesses
        88 11 TRANSCU Group, which is currently involved in three businesses transdermal pharmaceutical devices, cosmetics and green technology has decided to focus only on the latter, in view of “persistent liquidity issues” that the company has faced. It will dispose of its transdermal pharmaceutical devices and
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      482 6 Global Entrepolis Singapore in FD\T\gl* Global Trends, Asian Insights. 0 28-31 October 2013 Resorts World Sentosa, Singapore LEADERSHIP SME a*. IA Hon. Domingo Secretary, Department of Trade and Industry, Republic of the Philippines Loh lik Peng Founder and Director Unlisted Collection James Urn President, Greater Asia, Becton Dickinson and Company
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      329 7 Coal Asset for Takeover -InvitingTpotentiarfunds across the world W7 I for takeover of premium Coal Minning asset in Indonesia. Type of license: CCOW Area: 250 sq km JORC reserves; 200 million tons Gcv 5100-5600 adb, Low sulphur, Low ash Excellent logistics: only 34 KM to the existing jetty port Very
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI ends five-day rally
      577 8  -  US jobs data true to form but STI’s good run ends on weak HK, early European trading STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE weak US September jobs report that the market bet on when it rose on Tuesday was duly announced overnight and the resultant
      Source: Bloomberg  -  577 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 4 0 0 0 6 4 4 Manufacturing 55 46 48 7 7 13 62 53 61 Commerce 21 20 24 5 4 5 26 24 29 Tpt/Stor/Comms 14 13 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,279 19,279 74,940 74,940 Manufacturing 412,373 166,587 578,960 171,755 4,750 176,505 Commerce 333,486 192,326 525,812 148,224 11,798 160,022 Tpt/Stor/Comms 155,933 23,612 179,545 155,020 10,947 165,968 Finance 134,185 933 135,118 167,001 300 167,301 Construction 68,632 96,691
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 2.050 +0.055 CapitaLand 3.170 -0.030 CapitaMall 2.000 CityDev 10.460 -0.030 ComfortDelGro 1.910 DBS Grp 16.660 +0.020 GLP 3.090 -0.010 Genting SP 1.510 +0.005 Golden Agri 0.550 +0.010 HK Land 6.260 -0.070 HPH Trust US$ 0.770 +0.005 JMH 54.750 +0.450 JSH 34.180
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 8 Oct 23 VALUE CLOSE BT OB/OS 310.00-113.00 BT CADI -*****.00 +25.00 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 742.37 +0.49 FTSE ST Small Cap 545.13 +0.87 FTSE ST All Share 779.27 -0.81 FTSE ST China Top 206.94 -0.87 FTSE ST China 234.55 -1.19 FTSE ST
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      Lock icon MOST ACTIVE STOCKS
      53 8 VOLUME Digiland 173,292,000 SingHaiyi 133,250,000 Innopac 116,401,000 YHM 92,447,000 Cedar 82,426,000 Golden Agri 80,487,000 LionGold 77,713,000 AsiaPhos 76,500,000 Albedo 73,669,000 Noble Grp 63,498,000 VALUE($) Noble Grp 68,160,145 SingTel 65,099,930 OCBC Bk 59,985,698 DBS Grp 59,979,800 Keppel Corp 47,094,675 Golden Agri 44,203,465 Wilmar 43,554,545 CapitaLand 39,099,090 UOB 31,188,160
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      777 8  -  Compiled by ANDREA SOH Frasers Centrepoint Trust (FCT) Oct 24 close: $1.850 OCBC Investment Research, Oct 23 FRASERS Centrepoint Trust’s (FCT) FY13 DPU came in at 10.93 S cents (plus 9.2 per cent), spot on with our projection. We note that overall performance has remained robust, with portfolio
      Source: Bloomberg  -  777 words
    • Article, Illustration
      Lock icon Euro hits 2-year high against US dollar
      540 8 CURRENCIES Reuters [SINGAPORE] The euro set a fresh two-year high versus the US dollar yesterday, in the wake of disappointing US jobs data that cemented expectations that the Federal Reserve will keep its stimulus in place at least until early next year. The
      Reuters; PHOTO: BLOOMBERG  -  540 words
    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP GLD 10US$ ***** 244.1 1.6 IS S&P500 ***** 193.3 0.9 SPDRS S&P 500 10US$ ***** 161.1 0.7 DBXT MSJAP 10US$ 4700 101.6 1.8 JSH 3418 58.2 1.4 JMH 5475 55.8 0.8 DairyFarm 1136 26.0 1.9 DBXT MSEurope 10US$ 5780 24.8 0.3 DBXT Nifty 10US$ *****
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    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -190.8 -1.1 Jardine C&C 3601 -39.0 -1.1 Hyflux 6% CPS 10 ***** -20.0 -0.2 IS MS India 100US$ 585 -16.1 -2.2 SGX 733 -14.0 -1.9 UOB 2080 -9.0 -0.4 HK Land 626 -8.7 -1.1 DBS Bk 4.7% NCPS 100 ***** -8.0
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      257 9 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
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      32 10 The latest jobs,straight from the press. 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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      470 11 m 0 30™ OCTOBER, 2013 SORT WORLD SENTOSA JGAPORE NSKF2013 Nigeria-Singapore Business and Investment Forum Unlocking Opportunities in Africa's largest Market NSBIF 2013 is organized by the Nigeria High Commission in collaboration with the Singapore Business Federation (SBF) and International Enterprise (IE) Singapore. NSBIF 2013 will bring together both public
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore seals 12 new projects with Tianjin
      650 12  -  Republic is the 4th largest investor in the Chinese municipality By KELLY TAY kellytay@sph.com.sg TIES between Singapore and Tianjin look set to get even better, following a boost in bilateral trade which increased 31.5 per cent to US$2.2 billion in the first nine
      PHOTO: LIANHE ZAOBAO  -  650 words
    • Article
      Lock icon Changi’s passenger traffic up 5.6%
      416 12  -  F1 in Sept gives tourist arrivals a boost, while air freight volumes stay flat By NISHA RAMCHANDANI nishar@sph.com.sg A TOTAL of 39.7 million travellers passed through Changi Airport in the first nine months of the year, up 5.6 per cent year-on-year, said operator Changi Airport
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    • Article
      Lock icon Household debt manageable: Credit Suisse
      521 12  -  By CAI HAOXIANG haoxiang@sph.com.sg SWISS bank Credit Suisse waded into the debate over Singapore’s household debt yesterday, taking the side of those who argued that the sharp rise in borrowing over the last five years was not a big deal. This is because at the
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon GKC Co signs six MOUs
        162 12 THE Sino-Singapore Guangzhou Knowledge City Investment and Development Co (GKC Co) yesterday signed six memoranda of understanding (MOUs) and a letter of intent (LOI) in key areas such as intellectual property rights protection, social development, and research and development. The signing ceremony witnessed by Guangzhou
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      • Article
        Lock icon Bio-Scaffold, Stelis in R&D collaboration
        100 12 SINGAPORE-based start-up Bio-Scaffold International Pte Ltd said that it has entered into a research collaboration agreement with Stelis Biopharma (Stelis), a wholly owned subsidiary of Strides Arcolab Limited (India), to research and develop 3D printed devices that are loaded with bone morphogenetic proteins and stem
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      • Article
        Lock icon Far East unit wins Gambas Cresc tenders
        118 12 THE Urban Redevelopment Authority (URA) has awarded the tenders for the two industrial sites at Gambas Crescent to Far East Organization unit Grow-Tech Properties Pte Ltd, which submitted the highest bids for both sites. Grow-Tech offered about $44.78 million, or $137.90 per square
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    • Article
      Lock icon Surbana inks deals with Kazakhstan
      224 12  -  By ONG CHOR HAO ongch@sph.com.sg SURBANA International Consultants (Surbana) has inked three memorandums of understanding with the Kazakhstan government to share its knowledge in affordable housing, urban planning and land management. The consultancy firm, which is 60:40 owned by Temasek Holdings and CapitaLand, said this
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      96 12 Myanmar m Supply Chain Management Conference 2013 4-6 November, 2013 Traders Hotel,Yangon www.mscm.sphereconferences.com Looking at Supply Chain Management in Myanmar? Opening Address by H.E U Nyan HtunAung, Minister for Transport, Union of Myanmar k Bob Travers Procter Gamble and more! Event Highlights Keynote presentations on Myanmar ecosystem by officials Insights
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      Lock icon Page 12 Advertisements Column 2
      50 12 HOT PROPERTY i hIe U w/ F po 0 C Z SERmm f/sir con, roof ter^MRT/ Ecp 'Parkway. Mid 0,6 EASTWOOD DR i C f W HOUSE WITH POOL FOR RENT Check this and many other properties in CATS Classified in The Straits Times now! WAT3 BUY IT-SELL IT-FIND IT
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Axiata plans IPO for its telecom towers
      357 13 Bloomberg [KUALA LUMPUR] Axiata Group, Malaysia’s largest mobile-phone operator by market value, plans to undertake an initial public offering (IPO) of its telecom towers within two years. The IPO would include its assets in Asian markets such as Bangladesh and Sri Lanka, Axiata
      – Bloomberg  -  357 words
    • Article, Illustration
      Lock icon Public Bank’s nine-month profit up 6.8%
      341 13 Loans and deposits show strong growth of 12% and 13.2% [KUALA LUMPUR] Public Bank Group posted a net profit of RM3.04 billion (S$1.19 billion) for the first nine months of 2013, a 6.8 per cent rise from RM2.85 billion in the same period last
      BLOOMBERG FILE PHOTO  -  341 words
    • Article
      Lock icon Indonesia: Q3 growth in FDI commitments slows
      244 13 Investment board points to slower-than-expected global economic recovery Reuters [JAKARTA] Commitments to invest in Indonesia increased at a slower pace in the third quarter than in the previous three months, data released yesterday showed. A government agency said that foreign direct investment (FDI)
      – Reuters  -  244 words
    • Article
      Lock icon SapuraKencana shares up on US$898m deal
      498 13  -  Firm buys Malaysian oil gas producing assets of Texas player Newfield By S JAYASANKARAN in Kuala Lumpur SHARES of oilfield services’ provider SapuraKencana Petroleum rose by more than 5 per cent after the firm announced an US$898 million plan to buy the Malaysian oil
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      31 13 tc 9 i kJ BIRD’S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. NOTICES LO o <u «3
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      855 13 SOUND GLOBAL LTD. 桑 (Incorporated in the Republic of Singapore with limited liability) (Company Registration No. *****5422C) Singapore Stock Code: E6E Hong Kong Stock Code: 967 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of SOUND GLOBAL LTD. (the “Company”) will be
      855 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Power tariff cuts, slowing economy to hit profit of China utilities
      371 14 Renewable energy firms to be spared as drop in coal price forces price cuts Reuters [HONG KONG] A govern-ment-imposed cut to electricity prices and a slowing economy are set to crimp the profit growth of China’s power producers this
      Reuters; PHOTO: BLOOMBERG  -  371 words
    • Article
      Lock icon Major China banks triple bad loans write-offs in first half
      1043 14 22b yuan of debt wiped out by five lenders as they brace for fresh defaults Bloomberg [BEIJING] China’s biggest banks tripled the amount of bad loans written off in the first half, cleaning up their books ahead of what may
      Bloomberg  -  1,043 words
    • Article, Illustration
      Lock icon India held hostage to hot money as MNCs take flight
      403 14  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE [SINGAPORE] India’s deteriorating business climate is forcing the country deeper into a dangerous embrace of hot money. Foreign multinational corporations (MNCs) which bring in more stable financing are retreating. BHP Billiton is surrendering almost all
      PHOTO: REUTERS  -  403 words
    • Article
      Lock icon India’s third biggest gold fund reopens for investment
      339 14 Reuters [SINGAPORE] India’s third biggest gold fund will begin accepting fresh investments again after shutting off new buy-ins three months ago to support government efforts to curb bullion demand and control a rising trade deficit. Reliance Gold Savings Fund, which manages about
      Reuters  -  339 words
    • Article
      Lock icon Watsons IPO expected to fund Li’s China expansion
      319 14 Reuters [HONG KONG] Hong Kong tycoon Li Ka-shing is expected to use proceeds from what could be the world’s biggest retail sector initial public offering (IPO) to expand his health and beauty business in China a market forecast to grow by around
      Reuters  -  319 words
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      66 14 tl SGPFaV Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com For Exhibitors! Extensive publicity Quality crowd Convenient location Reserve your prime spot TODAY! Email: SGPFair@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF BI k 8 Lorong Bakar Batu,
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      411 14 OCBC Securities Sharelnvestor Presents The Intelligent In vaster A Investing in today’s market can be challenging but it is not impossible to beat the market The Intelligent Investor takes a look at the investment strateg es adopted by world famous nvestors n bul and bear markets; and exp ains why
      411 words
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  • WORLD
    • Article, Illustration
      Lock icon UK joblessness falling faster than expected
      656 15 BOE sees stronger growth; MPC votes unanimously to keep interest rates on hold Reuters [LONDON] British unemployment appears to be falling slightly faster than forecast against a backdrop of a robust recovery which is proving stronger than expected, Bank of England (BOE) policymakers concluded
      Reuters; PHOTO: BLOOMBERG  -  656 words
    • Article
      Lock icon Germany bullish on economy, jobs outlook
      420 15 AFP [BERLIN] Germany said yesterday that its robust economy would fuel record employment this year and next as well as boost consumer spending and industrial investment. The economy ministry said in its autumn forecast that gross domestic product would expand 0.5 per cent this
      AFP  -  420 words
    • Article
      Lock icon Nasdaq Q3 profit up 27% on tech services sales
      439 15 CEO diversifies business to offset stock trading decline Bloomberg [LONDON] Nasdaq OMX Group Inc, the operator of the second largest US stock exchange, said that third-quarter profit rose 27 per cent as technology and information services sales advanced. Net income climbed
      Bloomberg  -  439 words
    • Article, Illustration
      Lock icon Boeing ups 2013 earnings forecast on soaring jet deliveries
      557 15 Bloomberg [CHICAGO] Boeing Co, the world’s largest planemaker, boosted its 2013 earnings forecast after beating analysts’ third-quarter profit estimates by handing over more of its 737 and 777-model jets. Boeing’s forecast yesterday for full-year profit was US$6.50 to US$6.65 a share,
      Bloomberg; PHOTO: AFP  -  557 words
    • Article, Illustration
      Lock icon UK to probe competition and profits of power companies
      429 15 Bloomberg [LONDON] British Prime Minister David Cameron has announced a probe into profit and competition among UK energy suppliers as both his government and the opposition bid to show they have plans to deal with inflation-busting price increases. “We will be
      Bloomberg; PHOTO: REUTERS  -  429 words
    • Article
      Lock icon Rise in cost of US college education slows
      587 15 But students still have to pay more as grants haven’t kept pace with rising tuition, fees NYT [NEW YORK] Tuition and fees at public universities increased less than 3 per cent this academic year, the smallest rise in three decades, according to
      NYT  -  587 words
    • Article
      Lock icon ECB set to put Europe’s top banks through tougher tests
      731 16 Regulator bent on review to build confidence, provide transparency Reu ters [FRANKFURT] The European Central Bank vowed yesterday to submit the euro zone’s top banks to a comprehensive batch of tests next year, staking its credibility on a review that
      Reuters  -  731 words
    • Article
      Lock icon Not easy for Manila to meet ‘10m tourists a year’ target
      228 16 AFP [MANILA] The Philippines will have a tough time getting 10 million tourists each year by 2016 amid bad roads and unexpected setbacks, industry officials said. To reach the ambitious target, double the five million visitors expected this year,
      AFP  -  228 words
    • Article
      Lock icon Twitter gets US$1b credit line before IPO
      430 16 It is also acquiring ad startup MoPub, whose H1 revenue has soared Bloomberg [NEW YORK] Twitter Inc said it obtained a US$1 billion credit facility this month, following the lead of other social media companies in accessing the debt market tied to an
      Bloomberg  -  430 words
    • Article, Illustration
      Lock icon Spain pensioners end up supporting their jobless kin
      541 16 AFP [MADRID] After a career spent repairing trains, Francisco Marcos Gallego once thought he and his wife would end their days in comfort. Instead they are struggling to support their unemployed son and his children. “Even if it is hard, as long
      AFP; PHOTO: AFP  -  541 words
    • Article
      Lock icon Deloitte pays US$2m to settle civil charges
      472 16 It allowed auditor suspended by PCAOB to work Reuters [WASHINGTON] Deloitte Touche will pay a US$2 million penalty to settle civil charges that it violated federal audit rules, in one of the largest civil penalties ever imposed by the US audit watchdog. The
      Reuters  -  472 words
    • Article
      Lock icon Japan may bring all nuclear power reactors under one roof
      719 16 Move is part of electricity sector revamp following the Fukushima disaster Bloomberg [TOKYO] Japan’s government is discussing a radical overhaul of its nuclear power sector, the world’s third largest, that would combine the nation’s 50 operating reactors into a single
      Bloomberg  -  719 words
    • Article, Illustration
      Lock icon Australia’s Q3 inflation spikes to 1.2%
      587 17 Jump lowers chance of rate cut and is seen as part of regional trend Reuters [SYDNEY] Inflation in Australia quickened in the September quarter, the latest in the Asia-Pacific region to show a pick-up in price pressures that could limit the scope for policymakers
      Reuters; PHOTO: AFP  -  587 words
    • Article
      Lock icon Samsung cuts share deal with Corning
      647 17 Move will give it a tighter grip on supply chain Reuters [SEOUL] Samsung Electronics Co Ltd moved to tighten its grip on vital electronics parts supplies as it looks to stay ahead of rival Apple Inc with new products in a fast changing technology
      Reuters  -  647 words
    • Article
      Lock icon Amazon raises minimum spend amount for free shipping
      410 17 NYT [SAN FRANCISCO] In a highly unusual move for the world’s most successful e-commerce company, Amazon.com yesterday made things a bit harder for some of its customers. Considered by itself, the change is very small: Amazon tightened the requirements for one of
      NYT  -  410 words
    • Article
      Lock icon Barclays revamps pay structure to counter EU bonus curbs
      438 17 Bloomberg [LONDON] Barclays, the UK’s second-largest bank by assets, is drawing up plans to revamp its pay structure to counter European Union proposals on executive compensation, a person briefed on the discussions said. The lender may give executives an additional cash
      Bloomberg  -  438 words
    • Article
      Lock icon Vietnam to double its oil-refining capacity
      563 17 Rapid economic growth boosting demand for fuel Reuters [HANOI] Vietnam will more than double its refining capacity in the next four years with construction starting yesterday for a second plant, as rapid economic expansion in the South-east Asian nation boosts fuel demand. The 200,000
      Reuters  -  563 words
    • Article
      Lock icon Peugeot may scale back on small-car alliance with GM
      382 17 Meanwhile, it’s pursuing tie-up with Chinese partner Reuters [PARIS] PSA Peugeot Citroen said its alliance with General Motors may be scaled back, as the troubled French carmaker posted a 3.7 per cent quarterly revenue decline. Plans for a joint small-car programme
      Reuters  -  382 words
    • Article
      Lock icon EU deal targets high-frequency trading: official
      509 18 Trading curbs part of push to toughen bloc’s financial market rulebook Bloomberg [BRUSSELS] European Parliament lawmakers have reached a draft deal with national governments on high-frequency trading curbs as part of a push to toughen the bloc’s financial market rulebook, said the chief legislator
      Bloomberg  -  509 words
    • Article
      Lock icon Another US$6b JPMorgan settlement
      245 18 Reu ters [NEW YORK] JPMorgan Chase Co is nearing an agreement worth close to US$6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said. Representatives of
      Reuters  -  245 words
    • Article
      Lock icon US unveils corporate cybersecurity guide
      547 18 But voluntary rules appear vague, lack incentive Reuters [WASHINGTON] A US bureau on Tuesday unveiled a draft of voluntary standards that companies can adopt to boost cybersecurity part of an attempt to protect critical industries without setting restrictive and costly regulations. The National Institute of
      Reuters  -  547 words
    • Article, Illustration
      Lock icon IRS puts off tax filing season
      722 18 Bloomberg [WASHINGTON] The US Internal Revenue Service (IRS) delayed the start of the tax filing season for one to two weeks, citing the recent 16-day federal government shutdown. The IRS, which had planned to open filing on Jan 21, 2014, will now begin accepting
      Bloomberg; PHOTO: AFP  -  722 words
    • Article
      Lock icon EU to tax Argentina, Indonesia biodiesel
      534 18 Reuters [BRUSSELS] European Union member states have agreed to impose punitive duties on biodiesel imported from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats. A majority of the EU members on Tuesday backed
      Reuters  -  534 words
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      32 18 Want your with ONEREPUBUC? TUNE IN TO HOT FM91.3 NOW! 29th October 2013,8pm The Coliseum™ I Resorts World Sentosa Midas Promotions ft IlSSO I K I I l 13 facebook.com/hotfmsg ©hotfmsg www.hotfm.sg
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      35 18 ALL BOOM, NO BUST A 12-page special on the Indian property scene Anand Mahindra: India’s economic problems are internal GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • AVIATION/SHIPPING
    • Article
      Lock icon India aviation: growth hampered by high costs
      523 19  -  Air India exec cites, for example, fuel prices that are 60% higher than here By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] While India’s aviation industry offers opportunities for growth, airlines still struggle with high costs, ranging from fuel to distribution. Speaking at the Aviation Outlook
      523 words
    • Article, Illustration
      Lock icon Part of Ferrovial’s Heathrow stake sold to UK group
      444 19 Britain’s Universities Superannuation Scheme’s buy is part of £392m deal Reuters [MADRID] Spain’s Ferrovial has sold part of its stake in Heathrow Airport Holdings (HAH) to a British pensions group as part of a £392 million (S$785 million) deal. Ferrovial’s disposal
      Reuters; PHOTO: BLOOMBERG  -  444 words
    • Article
      Lock icon TRANSPORT STOCKS
      234 19 SGX '000 Oct 23 S$ +/-Vol Ch Offshore 0.45 0.01 346 Chuan Hup Hldg 0.29 unch 527 Cosco Corp 0.81 -0.01 5706 Cwt Limited S$ First Ship Lea Ch Offshore Freight Links 0.11 unch ***** Grand Banks 346 Jaya Hold Ltd 0.68 -0.01 347 K1Ventures unch Keppel Corp
      234 words
    • Article
      Lock icon India, US dig in against EU air carbon charge
      441 19 Reuters [NEW DELHI] India voiced firm opposition on Tuesday to EU plans to impose a scaled-back carbon charge on flights over European airspace while a senior US lawmaker said the EU proposal runs afoul of a law intended to shield US
      Reuters  -  441 words
    • Article
      Lock icon $12.1m funding for two maritime sector projects
      331 19  -  Initiatives are part of roadmap for R&D unveiled by SMI By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] The maritime industry’s research and development (R&D) efforts are being given a $12.1 million boost and the amount will be spread out over two key initiatives, the Singapore
      331 words
    • Article
      Lock icon Brazil mulls open skies during World Cup
      325 19 Reuters [SAO PAULO] Brazil will decide in December whether to open its skies to foreign airlines during the World Cup, the head of the Brazilian tourism agency Embratur said on Tuesday. Embratur’s Flavio Dino acknowledged Brazil’s domestic carriers may not have the capacity
      Reuters  -  325 words
    • Article
      Lock icon SHIPPING TIMES
      1352 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
      1,352 words
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      330 19 CRYPTIC CROSSWORD Across 6 Habit that many educated youngsters will acquire? (6,7) 8 Very small one with wise appearance (6) 9 President needing cutback certain to make strong demand (8) 10 Low state of gloom that doesn’t end (3) 11 After a meal seem not half relaxed (2,4) 12 Boss
      330 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Taking stock of the new demographics
      941 20  -  From the labour market to banking sector, tough adjustments are needed By STEPHEN BLACKMAN The writer is RBS’s group economist THE divide between rich and poor has widened across the globe since the 1960s. But shifting demographics could start to redress some of the
      PHOTO: BLOOMBERG  -  941 words
    • Article, Illustration
      Lock icon Need to debate and demystify structural adjustment
      760 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THE term “structural adjustment” is much used nowadays by economists, especially those employed in international financial institutions, and because it does not sound particularly threatening (or even comprehensible to the average man in the street) most
      760 words
    • Article
      Lock icon Keep a wary eye on inflation
      495 20 EDITORIAL SINGAPORE’s latest inflation figures a markedly lower-than-expected headline rate of 1.6 per cent in September would seem to assuage concerns about rising price pressures amid a soft growth outlook. But more likely than not, the dip last month will turn out to be
      495 words
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      Lock icon Global energy: old fears, new hope
      1185 21  -  A key challenge for Asia is whether it will be able to manage energy demand growth in the most efficient way possible By DAVID PUMPHREY The writer is a senior fellow and co-director of the Energy and National Security Program at the Center for
      PHOTO: REUTERS  -  1,185 words
    • Article, Illustration
      Lock icon Serving up robust food safety in Asia
      869 21  -  By BEVERLEY POSTMA The writer is executive director of Food Industry Asia, an organisation for suppliers, manufacturers and retailers of food MOST of us are fortunate to enjoy access to abundant, safe, high quality and tasty food. We have the benefit of a
      PHOTO: AFP  -  869 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      50 22 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3261 23 Transaction date: Oct 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 188 106 AIMSAMPIReit 15 11.5 8Telecom 19.8 16
      3,261 words
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      Lock icon SGX CATALIST
      235 24 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 .inch
      235 words
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      Lock icon UNIT TRUST & FUNDS
      11192 24 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 dcy SD Bond .0 9783/ Global Emerging Markets!** f M local Ccy Bond .0 9196/ European Opportunities!"‘ 1 2809/
      11,192 words
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      Lock icon GLOBALQUOTE
      262 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 27 AVJennings A59 +2 10 59 59 56 58 3.6 5.9 4.8 218.4 52 31 Genting HK US$ US43.5 +0.5 4418 43.5 43 43 43.5 2864.3
      262 words
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      Lock icon SGX ETF
      883 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 125 CIMB APAC Div 100S$D 130.8 129.5 130.4 114.4 99.2 CIMB APAC Div 100US$ US104.4 104.8 105.5 11 1510 1192 CIMBASEAN40 100S$D 1340 1338
      883 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      609 25 Oct 23 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.41 *****.28 *****.05 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****3 Mar14 *****.00 *****.00 *****.00 *****.00 5 324 MSCI TAIWAN INDEX FUTURES SPOT 298.20 298.64 296.26 Oct13 298.40 301.30 295.50 296.40 ***** *****9 Nov13 297.80
      609 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Oct 22 Index Change Change Change Change Change Change World Preliminary 1138.3 0.4 21.3 0.3 21.8 0.6 20.3 EAFE Preliminary 932.8 0.5 20.4 0.5 19.9 0.9 18.4 Europe Preliminary 1334.8 0.6 16.3
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Oct 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.996 5.868 0.701 7.475 59.393 108.644 0.939 10.195 3.053 1.148 102.619 41.570 1.195 9.443 0.863 28.355 30.065 0.597 0.964 Canada 1.004 5.890
      471 words
    • Article
      Lock icon SIBOR
      40 25 Oct 23 (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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      Lock icon GOVERNMENT SECURITIES
      86 25 Oct 23 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-16 101.88 101.89 101.89 5-Year N*****0T 0.5 01-Apr-18 98.86 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      137 25 Oct 23 GOLD(US$/oz) Oct 23 Oct 22 Hong Kong 1339.00 1320.00 Oct 22 Oct 21 London 1342.06 1315.70 1342.87 1316.54 Source: Thomson Reuters CAST BAR Oct 23 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120 53 5gm 340 266 10gm 607 532
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    • Article
      Lock icon PALM OIL
      57 25 Oct 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2457.0 2457.0 2488.0 2440.0 402 5212 Dec 13 2447.0 2457.0 2484.0 2439.0 6351 ***** Jan 14 2444.0 2455.0 2485.0 2436.0 ***** ***** Feb 14 2446.0 2453.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Oct 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1943 1.1957 0.9639 0.9643 Canadian dollar 1.1988 1.1999 0.9677 0.9676 Euro 1.7037 1.7055 1.3751 1.3754 NZ dollar 1.0400 1.0414 0.8394 0.8398 Sterling pound 2.0022 2.0043 1.6160 1.6164
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 Oct 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1302.25 1303.25 1305.50 1292.00 Jan 14 1297.50 1300.50 1301.00 1290.00 Mar 14 1278.00 1281.75 1281.00 1271.75 May 14 1260.50 1264.50 1264.00 1255.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
      109 words
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      Lock icon LIFFE
      95 25 Oct 22 COCOA (£/tonne) Close Prev High Low Dec 13 1753 1735 1756 1731 Mar 14 1744 1725 1747 1722 May 14 1738 1720 1740 1717 Jul 14 1735 1717 1738 1716 COFFEE(US$/tonne) Close Prev High Low Nov 13 1606 1602 1620 1600 Jan 14 1579 1585 1594 1574
      95 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1262 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 19.6 -1.4 60 0.0 5 -80 57 Asia-Pacific Strategic W*****6 0.3 1 123 403 81.67 7 Ratio Exer Allied Technologies W*****1 Prem Ascendas Reit MB ECW*****3 Asiatic Grp(Hldgs)
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Oct 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.82 0.04 WTI (Near Mth) 97.81 -1.32 Dubai (1-Mth F) 106.80 0.48 Tapis blend 118.29 0.83 Minas 109.29 0.83 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.11 -0.03 Jet Kerosene 124.10 -0.17 US$/barrel OpecOil Basket
      70 words
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      Lock icon US$/S$ FORWARD RATES
      22 25 Oct 23 S$ Bid Offer 1-month 1.2390 1.2400 2-months 1.2389 1.2399 3-months 1.2389 1.2399 6-months 1.2385 1.2396 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 25 Oct-22 Oct-22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1832.75 1803.50 3 months 1879.00 1850.00 Copper, Grade A(US$/tonne) Cash 7316.50 7225.00 3 months 7332.00 7244.00 Lead(US$/tonne) Cash 2186.50 2168.25 3 months 2205.00 2190.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Oct 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.231 1.173 Can dollar 1.222 1.175 Euro 1.740 1.658 Sterling pound 2.042 1.964 NZ dollar 1.075 1.034 US dollar 1.258 1.199 Local dollars to 100 units of foreign
      121 words
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      Lock icon INTERBANK RATES
      154 25 Oct 23 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      154 words
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  • PROPERTY
    • Article
      Lock icon Housing bubbles make it tough for central bankers
      784 26 Sweden and Norway likely to hold rates but outlook remains uncertain Bloomberg [OSLO] Central bankers in Sweden and Norway are finding their efforts to steer inflation being disrupted by a persistent threat of housing bubbles. While policy makers in both countries will
      Bloomberg  -  784 words
    • Article, Illustration
      Lock icon Protests delay Packer’s Sri Lanka integrated resort
      505 26 Govt moves to alter tax concessions granted to the US$400m project Reuters [COLOMBO] Opposition by Buddhist religious leaders and some political parties in Sri Lanka led the government to announce on Tuesday that it will alter tax concessions granted to Australian gambling tycoon
      Reuters; PHOTO: REUTERS  -  505 words
    • Article
      Lock icon Househunt
      373 26 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 18 AND OCT 1, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 19/09/2013 99 1528 2750 1799 District 3 NON-LANDED Emerald Park Apt
      373 words
    • Article, Illustration
      Lock icon Port Authority mulls over subleasing WTC space
      586 26 Bloomberg [NEW YORK] The Port Authority of New York and New Jersey is considering subleasing as much as a quarter of its new headquarters at 4 World Trade Center, the Lower Manhattan tower it owns and is scheduled to open next month. The
      Bloomberg; PHOTO: AP  -  586 words
    • Article, Illustration
      Lock icon Struggling newspapers selling off old HQs
      1157 27 As US print industry declines, papers find ways to raise revenues NYT [NEW YORK] They were once major symbols of civic pride and influence, often situated in the heart of the city, and nearly equal in stature to nearby city halls, courthouses and other
      NYT; PHOTO: MAGGIE STEBER/THE NEW YORK TIMES  -  1,157 words
    • Article
      Lock icon Ayala to counter Sy’s Manila Bay land bid
      239 27 Bloomberg [MANILA] Ayala Land Inc, the largest Philippine builder by market value, plans to counter billionaire Henry Sy’s offer to reclaim prime land along Manila Bay for development. Ayala Land has asked the local government for an extension of the Nov 4
      Bloomberg  -  239 words
    • Article
      Lock icon China Overseas Land to sell bonds soon
      385 27 It is marketing US-denominated 5,10, 30-year bonds Bloomb erg [HONG KONG] China Overseas Land Investment Ltd, the largest-listed mainland developer in Hong Kong, is marketing dol-lar-denominated bonds as the government balances the need to maintain economic growth amid soaring house prices. China Overseas
      Bloomberg  -  385 words
    • Article, Illustration
      Lock icon India mall tills silent despite festive season
      816 28 Retailers face double whammy of rising real estate prices and sluggish sales AFP [MUMBAI] The Centre One shopping mall on the outskirts of Mumbai is gloomy and bereft of customers, even during India’s annual festive and wedding season when retailers traditionally cash in.
      AFP; PHOTO: AFP  -  816 words
    • Article, Illustration
      Lock icon M&L Hospitality Trusts may list in Australia
      686 30 It may acquire more properties in Brisbane, Perth before listing Bloomberg [SYDNEY] M&L Hospitality Trusts, the owner of Australia’s biggest hotel, may seek a listing in the country after abandoning its initial stock sale in Singapore last year. The trust, with US$1 billion
      Bloomberg; PHOTO: BLOOMBERG  -  686 words
    • Article
      Lock icon Further weakness seen in developer sentiment in Q3
      504 31  -  Wilting of sentiment follows introduction of the TDSR framework in June By ANDREA SOH sandrea@sph.com.sg DEVELOPERS’ sentiment appears to have weakened further in the third quarter, following the introduction of the Total Debt Servicing Ratio (TDSR) framework in June. The Real Estate
      504 words
    • Article, Illustration
      Lock icon Surge in Indonesia’s home prices seen continuing despite monetary easing
      777 31 Bloomberg [JAKARTA] Indonesia’s most aggressive monetary tightening since 2005 is set to slow economic growth without denting soaring property demand in the world’s fourth-most populous nation. A young population, elevated inflation and proper-ty-price gains that outpace interest rates are spurring
      Bloomberg; PHOTO: REUTERS  -  777 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      24 27 Pending Approval for sales. Seeking indication of interest. Artist’s Impression Bugis MRT Choice of studio, 1/2/3/4-bedroom and Penthouses. Call Eric Tham 9227 7824 (R*****8J)
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      Lock icon Page 27 Advertisements Column 2
      187 27 -T It Razzle Dazzle Conservations Live in a Residential Shophouse A unique opportunity to live in a 1900's historic dwelling t high ceilings, timeless heritage t near Robertson Quay/river near financial district Blair Plain near historical Neil Road t near Emerald Hill t taste, ambience 3-6 bedrooms t in the
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      Lock icon Page 27 Advertisements Column 3
      292 27 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS WITH MINIMAL RISKS. INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus long-term asset appreciation Singapore Commercial Buildings in business district with 3-4% returns Bulk sale of
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      Lock icon Page 28 Advertisements Column 1
      416 28 STPROPERTY SHOWCASE 2oi3 STProperty collaborates with Malaysia’s most established property developers to bring you the ‘hottest’ new launches in the market. 1 1 Why you should attend: Know more about Malaysia’s upcoming developments that are fast creating waves in the property market Make informed decisions before you invest in properties
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      27 28 UOB gets the green light to open a branch in Chongqing Business 2 Zoning, Plot Ratio 1.4 High Ceiling To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      551 29 LONDON CITY ISLAND LDN E141 tyBallymore” A NEW ISLAND FOR LONDON m id n i =ati illl mm: \f~ *p :^5 iHSeHSBSBeWSi rr :i: i ■> |M > II la III III I I I li ,1 il Hi. >'■ I i i j in i i iv *i 1
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      84 30 FOR SALE: 35 Tuas View Crescent Part 1 Part 3-storey Detached Industrial Warehousing premises Land: 172,209.48 sqft B2 zone uses (subject to JTC) Tenure: 30+30 yrs wef. 1st Dec 1999 Electrical: 2000kVA via 2-feeders GFA: 178,000 sqft approx. Near possible land use allocation for FTZ and port uses beyond 2030
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      332 30 •as Bi LC*. ■PSisa International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with the following types of assets 3 4 Star Hotels I
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      93 30 Sale by Expressions of Interest Freehold Good Class Bungalow Leedon Road D10 A 2-storey colonial-style bungalow with swimming pool surrounded by lush greenery Site Area of 43,926 sq ft approximately Zoned “Residential” within Belmont Park GCBA Located off Holland and Farrer Roads Minutes’ drive to Holland Village, Orchard Road PIE
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      373 31 New Releases in this landmark development in Islington, London o QUEENSLAND TERRACE ISLINGTON Highbury Islington station Canary Wharf Greenwich Shoreditch The City The Shard Highbury Fields Drayton Park station o King's Cross St. Pancras station Highbury Upper Square street OU FENS LAN* TERRACE Arsenal tube station Emirates Stadium Holloway Road
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