The Business Times, 24 September 2014

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Wednesday, eptember 24, 2014
    25 words
  • Article, Illustration
    Lock icon CPI hits 6-mth low in August but core inflation still firm
    780 1  -  MAS not expected to relax monetary policy stance in Oct By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Consumer price inflation continued to ease more than expected in August, dropping to a six-month low of 0.9 per cent from July’s 1.2
    Source: Department of Statistics  -  780 words
  • Article, Illustration
    Lock icon Weak market slows Straits Trading’s divestment plans
    938 1  -  But journey towards goal of 10% blended annual yield continues By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] The Straits Trading Company has had to shift gear in its drive to cash out of low-yielding hard assets no thanks to headwinds in the property market.
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,298.09 (+1.52) GST INDEX FUTURES 3,298.00 (+1.00) GSIMSCI 372.15 (+0.96) HSIMSCI FUTURES 371.10 (-0.40) US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.632 2.069 EURO (US$/S$/€ 1.286 1.630 Foreign currency per US$ S$ YEN 108.40 85.50 RM 3.248 2.561 HK$ 7.751 6.112 BAHT 32.24 25.42 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,840.19 -5.86 NIKKEI 225 Closed HANG SENG 23,837.07 -118.42 SET INDEX 1,590.13 +0.62 JAKARTA COMP 5,188.11 -31.69 MANILA COMP 7,271.62 -8.24 SEOUL COMP 2,028.91 -10.36 SHENZHEN B 960.64 +1.80 MUMBAI IND 26,775.69 -431.05 12 noon EDT Change DOW 17,142.83 -29.85 NASDAQ 4,530.14 +2.45
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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      112 1 BANKING CEOs have to juggle smart, says OCBC chief PAGE 2 TRANSPORT HUB Strait Talk: Fighting fatigue on the watch PAGE 22 EXEC MONEY Investors should take on more risk COMPANIES Cordlife’s big China gambit PAGE 4 PAGE 32 My name:George Energy supply My dream:My son My business: taking over
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  • TOP STORIES
    • Article, Illustration
      Lock icon Bank CEOs have to juggle smart, says OCBC chief
      651 2  -  They must manage stakeholders and compliance issues, among other things Yolande Barnes, director, Savills World ResearchBy SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] The chief executive of OCBC has likened the running of a bank to being a juggler. Samuel Tsien, speaking
      651 words
    • Article, Illustration
      Lock icon China factory activity edges up in September
      574 2 But employment slumps to 5-1/2-year low, raising fears Reuters [BEIJING] Activity in China’s manufacturing sector unexpectedly picked up in September even as factory employment slumped to a 5 1 /2-year low, a survey showed on Tuesday, a potential source of worry for Communist
      Reuters; PHOTO: AFP  -  574 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      271 2 Weak market hits Straits Trading plans THE Straits Trading Company has had to shift gear on its drive to cash out of low-yielding assets thanks to headwinds in the property market. FRONT PAGE CPI eases in Aug but core inflation firm CONSUMER price inflation continued to ease in
      271 words
    • Article, Illustration
      Lock icon StanChart in discussions to sell HK unit to Pepper Australia
      428 2 Reuters [HONG KONG] Standard Chartered is in advanced talks to sell its Hong Kong consumer finance business to finance firm Pepper Australia Pty Ltd in a deal that could fetch between US$500 million and US$700 million, people familiar with the
      Reuters  -  428 words
    • Article
      Lock icon Manufacturing growth continues apace
      403 2 LATEST US DATA Reuters Bloomberg [NEW YORK] The US manufacturing sector expanded in September, matching the previous month’s growth rate, which had been the fastest in more than four years, while employment levels among goods producers rose to a 21/2 -year high, an industry report showed
      Reuters; Bloomberg  -  403 words
    • Article
      Lock icon Clarification
      64 2 IN “CapitaLand’s Iskandar township project hits snag” (BT, Sept 23), we said that CapitaLand had sought a six-month extension on the launch of its first phase and that it may tweak the masterplan and number of high-rise units. CapitaLand says these are inaccurate and reiterates that the joint venture
      64 words
    • Article
      Lock icon London pips HK as priciest city to rent homes, offices
      875 3  -  Singapore drops a spot to No 6 in Savills study of 12 global cities By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] London has become the world’s most expensive city for companies to locate employees, overtaking Hong Kong, which had previously topped
      875 words
    • Article, Illustration
      Lock icon US and Arab allies launch strikes on fighters in Syria
      430 3 Reuters [BEIRUT] The United States and its Arab allies bombed Syria for the first time on Tuesday, killing scores of Islamic State fighters and members of a separate Al Qae-da-linked group, opening a new front against militants by joining Syria’s
      Reuters; PHOTO: REUTERS  -  430 words
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      75 3 Mongolia, the land of blue sky. Now just a flight away. MIAT Mongolian Airlines now flies you twice weekly to Ulaanbaatar, capital city of Mongolia. A legendary empire, Mongolia is home to a thriving nomadic culture. Step into an open vastness of sacred mountains, sweeping deserts and rolling grasslands. Begin
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Cordlife’s big China gambit
      897 4  -  Stake in China Cord Blood Corporation is for the long haul: CEO Jeremy Yee By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT WHENEVER Cordlife Group’s Jeremy Yee looks at his firm’s stake in China Cord Blood Corporation (CCBC), the only thing that must irritate him is how Cordlife does
      FILE PHOTO  -  897 words
    • Article, Illustration
      Lock icon Veteran banker Rajan Raju joins StanChart
      394 4  -  Bank appoints him as head of retail clients in Singapore to sharpen focus on key segment By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT HIGH-flying banker Rajan Raju will assume the role of head of retail clients in Singapore at Standard Chartered with effect from Thursday. The
      394 words
    • Article
      Lock icon OEL in MOU to buy oil & gas stake
      255 4  - OEL in MOU to buy oil gas stake By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT CATALIST-listed OEL Holdings has entered into a non-binding memorandum of understanding (MOU) to buy a stake in a company indirectly involved with China oil giant PetroChina in developing two oilfields in China’s Jilin province. OEL will buy
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    • Article
      Lock icon SGX must overcome market’s cynicism and scepticism
      671 5  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT SINCE the start of the year, the Singapore Exchange (SGX) has embarked on a radical revamp of its business in order to improve and strengthen the marketplace. Some proposals are still at the consultation stage
      671 words
    • Article
      Lock icon Mirzan Mahathir to emerge as SBI Offshore’s major shareholder
      547 5  -  He will be 3rd biggest shareholder with 10.8% stake By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT MALAYSIAN businessman Mirzan Mahathir, the eldest son of former Malaysian prime minister Mahathir Mohamad, will emerge as the third largest shareholder in Catalist-listed SBI Offshore after scooping
      547 words
    • Article
      Lock icon Keppel Reit rating not affected by MBFC buy: S&P
      326 5  -  By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT CREDIT-RATING agency Standard Poor’s (S&P) said on Tuesday that Keppel Reit’s BBB rating is not affected by its proposed acquisition of a one-third stake in Marina Bay Financial Centre (MBFC) Tower 3. The net purchase price
      326 words
    • Article, Illustration
      Lock icon DESIGNING SGX’S NEXT CHAPTER
      126 9  -  By CHAN YI WEN AFTER a two-year revamp, Singapore Exchange Centre launched its new premises on Tuesday. According to Singapore Exchange (SGX) chief executive officer Magnus Bocker (left), more than just a makeover, the new centre “signifies the next phase of (SGX’s) story”, and was designed
      PHOTO: SGX  -  126 words
    • COMPANY BRIEFS
      • Article
        Lock icon Cosco secures deals worth US$230m
        79 9 SHIPBUILDER Cosco Corp said that its shipyards have won US$230 million worth of shipbuilding and offshore contracts to build a floating accommodation unit and a module carrier. A Singapore entity contracted it to build a floating accommodation unit scheduled for delivery in the first quarter
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      • Article
        Lock icon Pteris Global unit wins 227m yuan contract
        47 9 PTERIS Global said its subsidiary Shenzhen CIMC-TianDa Airport Support has won a 227 million yuan (S$46.9 million) contract to supply and install airport passenger boarding bridges for Zhengzhou XinZheng International Airport. It will contribute positively to Pteris’ earnings in 2014.
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      • Article
        Lock icon SMRT in JV with Toshiba
        48 9 SMRT subsidiary Singapore Rail Engineering has set up a joint venture with Toshiba Corporation to market and supply propulsion systems with Toshiba technology. SMRT said tests have confirmed that the technology will cut power consumption of its first-generation trains by 30 per cent.
        48 words
    • Article
      Lock icon Malaysian tigers chase S’pore lions in yuan race
      1122 9 But HK’s advantage is its head start in opening up trade investment in yuan Bloomberg [SINGAPORE] The Malaysian and Singapore governments, competing for a share of bond issuance in a globalising Chinese yuan, are finding big-cat branding alone isn’t enough to challenge
      Bloomberg  -  1,122 words
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      279 4 Hundreds on offer v 9 VSi r Rawai Vip Villas (Phuket, Thailand) SGD312K Featherbrook Landed Property Arata, Kenny Hills (Melbourne, Australia) (Kuala Lumpur, Malaysia) SGD398K SGD900K London Self Storage (London, UK) SGD41K Transhudson Parshall (North Dakota, USA) SGD94K Akoya Oxygen (Dubai, UAE) SG155K Glenpark Komaba (Tokyo, Japan) SG350K Sheridan Towers
      279 words
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      175 4 6 th business excellence GLOBAL CONFERENCE ON PRODUCTIVITY, INNOVATION AND GROWTH 29 30 OCTOBER 2014 /< RAFFLES CITY CONVENTION CENTRE EARLY BIRD RATE: $642.00* STANDARD RATE: $727.60* All prices include 7% GST) The line-up of distinguished speakers include: m CONSUMER GOODS DESIGN THINKING HEALTHCARE HOSPITALITY HUMAN RESOURCE LOGISTICS MANUFACTURING PUBLIC
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      193 5 I 1 Recognizing opportunities is my passion. Responding to them well is the challenge. With our financing expertise your wealth has a voice. Let it be heard. Discover more at asia-weaLthmanagement.bnpparibas.com BNP PARIBAS WEALTH MANAGEMENT The bank for a changing world This advertisement is for information purposes only It is
      193 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Even Wall St plunge fails to jolt STI
      575 6  -  Lacklustre day leavened by activity among stocks of DBS, UOB, Genting Singapore and Sinjia Land STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index (STI) rose 1.52 points to 3,298.09 on Tuesday, largely supported by the banks in a weak
      Source: Bloomberg  -  575 words
    • Article, Illustration
      Lock icon Untitled
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Sep 23 VALUE CLOSE BT OB/OS -698.00 -18.00 BT CADI -*****.00 -44.00 BT 10-day MA -*****.00 -70.00 FTSE ST Mid Cap 763.49 +0.27 FTSE ST Small Cap 536.33 -0.76 FTSE ST All Share 799.60 +0.25 FTSE ST China Top 194.79 -0.81 FTSE ST China 226.62 -1.46 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 4 9 1 0 0 0 4 9 1 Manufacturing 41 57 41 6 13 9 47 70 50 Commerce 15 20 27 7 3 7 22 23 34 Tpt/Stor/Comms 13 17 9
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      874 6  -  Compiled by JAMIE LEE Far East Hospitality Trust Sept 23 close: S$0.825 DBS GROUP RESEARCH, Sept 23 Thirty per cent stake in new hotel development: Far East Hospitality Trust (FEHT) announced that it has entered into a joint venture with Far East Organization Centre Pte Ltd (FEOC), a
      Source: Bloomberg  -  874 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,630 10,630 40,202 40,202 Manufacturing 271,289 51,053 322,342 109,118 6,688 115,806 Commerce 84,542 74,485 159,027 57,685 6,623 64,308 Tpt/Stor/Comms 162,655 2,260 164,915 188,900 435 189,335 Finance 16,564 136 16,700 147,812 31 147,843 Construction 28,382 89,477
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      117 6 Stock name Close Change Ascendas Reit 2.260 CapitaLand 3.240 CapitaMall Trust 1.925 -0.010 CityDev 9.690 +0.020 ComfortDelGro 2.450 -0.020 DBS Grp 18.380 +0.210 Genting Sing 1.150 +0.040 Global Logistic 2.750 -0.030 Golden Agri-Res 0.520 HPH Trust USD 0.690 -0.005 HongkongLand USD 6.940 -0.080 JMH 400 USD
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    • Article, Illustration
      Lock icon US$ down in Asia after 10-week rally
      394 6 CURRENCIES AFP [SINGAPORE] The US dollar slipped in Asia on Tuesday following a 10-week rally, while gains in the euro were capped by concerns about slackening European economic growth. The greenback bought 108.74 yen in Singapore afternoon trade against 108.94 yen in New
      AFP; PHOTO: BLOOMBERG  -  394 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME APAC Strategic 73,184,000 Genting HK US$ 72,542,000 IHC 65,946,000 Singapore eDev 54,630,000 Sinjia Land 49,728,000 Vallianz 46,770,000 Genting Sing 45,122,000 LionGold 43,002,000 LH 34,572,000 Digiland Intl 30,266,000 VALUE($) SingTel 67,109,720 DBS Grp 62,308,790 Genting Sing 51,237,065 OCBC Bank 39,503,979 Global Logistic 39,085,970 UOB 37,073,990 Genting HK
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    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP IS DJ US Tech 9998 330.9 2.7 DBXT iBoxxSvEu 5US$ ***** 142.0 0.4 GLD 10US$ ***** 112.8 0.8 DBXT AUD Bonds 5AU$ ***** 69.8 0.3 DBXT EONIA 5US$ ***** 54.5 0.2 DBXT AUDCS 5US$ ***** 48.2 0.2 Lyxor AsiaCS 10US$ 6158 41.8 0.5 DBXT iBoxxKR
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    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -178.8 -1.0 IS S&P500 ***** -176.2 -0.7 SPDRS S&P 500 10US$ ***** -143.3 -0.6 SPDR DJIA 10US$ ***** -109.0 -0.5 DBXT MSKorea 10US$ 6158 -81.1 -1.0 JMH 400 USD 6145 -78.6 -1.0 Lyxor Indonesia10US$ 9316 -78.6 -0.7 DBXT MSEurope 10US$ 6005
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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      123 7 n A STAR ALLIANCE MEMBER Proud To Be A Shining Star EVA AIR, a Star Alliance member.Your best choice for business travel between North America and Southeast Asia. 'V China Hong Kong/Macau Manila Hanoi Bangkok Phnom Penh Ho Chi Minh City Kuala Lumpur Singapore Jakarta 4/week Vancouver 5/week Seattle Taiwan
      123 words
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      82 8 2®: ar HFMTIEST CONGRATULATIONS TO INTERNATIONAL aLink Versalink Holdings Limited (Company Registration No.: *****1394N) (Incorporated in the Republic of Singapore on 21 April 2014) on your successful listing on SGX Catalist on 24 September 2014 f ii Best Wishes From CIMB ,j RSM Chlo Lim Audit Tax Advisory RODYK DAVIDSON
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      128 9 CHINA GUARDIAN HONG KONG 2014 AUTUMN AUCTIONS Chinese Painting and Calligraphy Chinese Ceramics and Works of Art 20th Century and Contemporary Chinese Art Important Watches and Jewellery f Auctions 6-7 October I Exhibitions 4-5 October 3/F Ballroom, JW Marriott Hotel Hong Kong, Pacific Place, 88 Queensway, Hong Kong Oct 6
      128 words
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      169 9 WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 person business Fully furnished prestigious offices y Business registration offices available Sea View Offices Available Now; First 3 Months Free on a 6 Month Lease ■y Dedicated receptionist answering your calls the way you would like y Meeting rooms, bilingual secretaries
      169 words
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • Article, Illustration
      Lock icon Satisfaction with public transport declines
      923 10  -  The challenge to operators is not just internal alignment, but also with other service providers, reportsCHAN YI WEN reportsCHAN reportsCHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT PUBLIC transport operators should not assume that commuters with no complaints are satisfied, going by the recent Customer Satisfaction Index of
      923 words
    • Article
      Lock icon More than just delivering courses
      670 10  -  By CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT TO keep up with student demands, private education institutions here will need to go beyond engaging students and delivering relevant courses, the latest Customer Satisfaction Index of Singapore (CSISG) report suggests. And the latest results might add some urgency.
      670 words
    • Article, Illustration
      Lock icon Business opportunity in plugging service gaps
      792 10  -  By CAI YONG WHEN services fall short of consumer needs, there can be much anger and disappointment. For enterprising companies, however, it is fertile ground for business opportunities. Taxi-hailing app GrabTaxi is one such firm which spotted an opportunity in one of the greatest
      792 words
    • Article, Illustration
      Lock icon Service quality via diversification
      621 11  -  SMU don says companies should provide new services and think of the service process as being integrated, reportsCAI CAI YONG TO RAISE service quality, companies should diversify and bring new services to consumers, said Lim Yun Fong, associate professor of operations management at the Singapore Management
      621 words
    • Article, Illustration
      Lock icon SingPost’s customer satisfaction rebounds
      839 11  -  It boosts its score 5.7% to 71.2 points from 67.4 last year By CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT SINGAPORE Post’s (SingPost) latest rebound in customer satisfaction levels fits snugly into the company’s recent S$100 million investment into initiatives which aim to raise its service quality further.
      Source: CSISG, Institute of Service Excellence at SMU  -  839 words
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      116 11 ISES CORPORATE MEMBERSHIP AN AFFILIATION TO SERVICE EXCELLENCE The ISES Corporate Membership Programme brings together a selected network of Singapore's leading companies measured in the CSISG National Study. Membership entitles your organisation the benefits of collaboration on the CSISG national study and survey design together with the Institute of Service
      116 words
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  • SINGAPORE NEWS
    • Article
      Lock icon NTU ranked world’s best young university
      500 12  -  It also scores high marks for reputation among academics By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT SINGAPORE’S Nanyang Technological University (NTU) has topped the list of the world’s top 50 young universities for the first time, bumping the Hong Kong University of Science and Technology to
      500 words
    • Article, Illustration
      Lock icon Low bids for site in Tuas point to cooling market
      496 12  -  Top bidder Mezzo lags expectations with bid of S$51.28 psf ppr By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT A TUAS Bay Close industrial plot for which the highest bid was shy of the consultants’ forecasts points to further signs of a cooling
      Source: JTC  -  496 words
    • Article
      Lock icon ‘No official word yet on RTS site’
      209 12  -  By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT SINGAPORE’S Ministry of Transport said on Tuesday night that it has not received official confirmation from Malaysia on the location of the terminal of the rapid transit system (RTS) station in Johor Bahru, to which Singapore’s MRT system
      209 words
    • Article
      Lock icon Faster IP application processing for S'pore, Europe
      211 12  -  BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT ENTREPRENEURS in Singapore and Europe can look forward to a faster and more efficient patent application process from next year. The European Patent Office (EPO) and the Intellectual Property Office of Singapore (IPOS) on Tuesday agreed to launch
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    • Article, Illustration
      Lock icon Lake Life to blaze trail for ‘smart’ ECs
      345 12  -  Driverless shuttle service to and from MRT station planned By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT LAKE Life, an upcoming “smart” executive condominium (EC) in the Jurong Lake District, will be Singapore’s first condo to run a driverless electric shuttle vehicle between the development
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    • Article
      Lock icon Digital customer more discerning than traditional one, says don
      396 12  -  BY CHERYL TAN tansyc@sph.com.sg A SPECIALIST in the behaviour of digital customers has described such shoppers as being more vocal, more price-sensitive, more discerning and more demanding than traditional customers. Dr Chung Tuck Siong of the Nanyang Business School’s Division of
      396 words
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      103 12 cordially invites shareholders and investors to participate in CAO CORPORATE ACCESS DAY 2014 Presentation Topics and Speakers: The Biojet Market and Its Impact on Global Transportation Fuels by Mr Theye Veen, Chief Financial Officer, SkyNRG BV CAO: Transforming Towards Sustainable Growth by Ms Jean Teo, Chief Operating Officer, CAO Event
      103 words
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      152 13 r f* t I I i V\* V.V-* V. 7 \n 4 CM :V b v >3sj. i y&. VK hi CO tvci? >\- -»v '7<' O ••'r r.i, L b vv't w V' k :•'•<••• > f 8 0> “1 r s v 1 v V.v> V k.- V
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Selangor MB sworn in, but questions remain
      668 14  -  MB saga has shown schisms within the opposition coalition and also within PAS By S JAYASANKARAN in Kuala Lumpur THE appointment of Azmin Ali as the mentri besar (MB) of Selangor on Monday settled an impasse, but also raised questions about the credibility
      PHOTO: THE STAR  -  668 words
    • Article
      Lock icon KL set to cross RM50b a year sukuk sale again
      773 14 1MDB’s RM8.4b offer will add to RM46.9b debt sold in 2014 Bloomherg Bloomberg [KUALA LUMPUR] The world’s biggest Islamic debt offering of 2014 from Malaysia’s sovereign wealth fund will push the nation’s sukuk sales beyond RM50 billion (S$19.5 billion) for
      Bloomherg Bloomberg  -  773 words
    • Article
      Lock icon Jokowi to suspend operations at Pertamina unit
      448 14 Reuters [JAKARTA] Indonesian president-elect Joko Widodo plans to halt operations at Pertamina’s energy trading unit Petral to allow for an audit of its operations as part of efforts to fight alleged fuel smuggling and corruption, a senior adviser to Mr Widodo said. In
      Reuters  -  448 words
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      195 14 AMOST set AWAITS THE LOVE 9-XO c WTr fi The Business Times Wine Challenge 2014 Award Ceremony Thursday, 9 October 2014 6.30pm 9.30pm The challenge to pick this year’s top wines culminated with a crop of superb vintages. Out of the 120 wines submitted, 30 were shortlisted through blind tastings
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China’s top banks may ease mortgage lending
      426 15 Big 4’s move latest policy step by the state to lift sliding property market Bloomberg [SHANGHAI] China’s four biggest banks may ease mortgage lending, the latest in a series of policy steps aimed at supporting the country’s sliding property market, the 21st Century
      Bloomberg; PHOTO: BLOOMBERG  -  426 words
    • Article
      Lock icon Demand seen for India’s ‘undervalued’ public-sector stocks
      653 15 Bloomberg [MUMBAI] India’s biggest money manager says there will be demand for the record US$10.4 billion of share sales planned by the government because staterun companies are cheap. “Public-sector stocks are undervalued,” said Surya Kumar Roy, chairman of Life Insurance Corp of India
      Bloomberg  -  653 words
    • Article
      Lock icon Jack Ma heads China’s rich list with US$25b
      421 15 Technology tycoons take up half of the top 10 positions AFP [SHANGHAI] The largest stock offer in history has made Jack Ma, founder of e-commerce giant Alibaba, China’s richest person with a fortune of US$25 billion, an annual wealth ranking in the
      AFP  -  421 words
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      48 15 m A m <9 J a w I 1 i r a 0 acy m3eF HOROLOGICAL LAB WWW.MBANDF.COM i THE HOURGLASS SINGAPORE PARAGON MORE PASSION ION ORCHARD L'ATELIER KNIGHTSBRIDGE MALMAISON TEL: 65-6735 6466 TEL: 65-6509 9268 TEL: 65-6884 8484 KUALA LUMPUR PAVILION SHOPPING MALL TEL: 603-2148 8930 WWW.THEHOURGLASS.COM
      48 words
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  • WORLD
    • Article
      Lock icon US Treasury announces new rules to curb tax inversion deals
      631 16 A new rule prevents use of ‘hopscotch’ loans to avoid dividend taxes Reuters [WASHINGTON] Moving against tax avoidance by corporations, the Obama administration took several actions to curb “inversion” deals that allow companies to escape high US taxes by reincorporating
      Reuters  -  631 words
    • Article, Illustration
      Lock icon Eurozone business activity dips again
      485 16 Survey shows Sept figure of 52.3 points a nine-month low AFP Bloomberg [BRUSSELS] Business activity in the 18-nation eurozone slowed further in September, a key survey showed on Tuesday, adding to concerns that a timid economic recovery could be close to stalling. Markit Economics said
      AFP; Bloomberg; PHOTO: BLOOMBERG  -  485 words
    • Article
      Lock icon EBA studying bonus caps in bankers’ contracts
      520 16 Bloomb erg [LONDON] The European Union’s (EU) top regulator is poring through bankers’ contracts as it polices the bloc’s new bonus caps, according to two people familiar with the matter. The European Banking Authority (EBA) is analysing the legal language of bankers’ employment
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      Lock icon Australia to deregulate energy industry
      398 16 Draft blueprint says govt will scale back interference Reuters [SYDNEY] Australia on Tuesday said that it wants to dramatically deregulate its energy industry, boost domestic gas supply and cut renewable energy subsidies as it prepares to ramp up exports of liquefied natural gas (LNG). In
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      Lock icon Norway SWF to move away from global indices
      421 17 It prefers to define tailor-made reference portfolio instead Bloomberg [OSLO] Norway’s US$880 billion sovereign wealth fund, the world’s largest, said that traditional global indices are no longer an appropriate model on which to base its investments. “A new framework for the management
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      Lock icon Ebola cases may triple if control efforts aren’t stepped up: WHO
      502 17 Report forecasts 21,000 cases by Nov, warns virus may become endemic Bloomberg [NEW YORK] The outlook for the Ebola epidemic in West Africa is bleak, according to a new forecast predicting there could be almost 21,000 cases of the
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      Lock icon ADB warns of bond market risks from Fed tightening
      574 18  -  Some fear emerging Asia’s local-currency bond markets could be overwhelmed By ANTHONY ROWLEY in Tokyo THE Asian Development Bank (ADB) on Tuesday added its voice to a chorus of others cautioning against potential risks in global bond markets in the event
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      Lock icon Electronics giant Philips to split in historic move
      536 18 AFP [THE HAGUE] Philips said on Tuesday it would split the 120-year-old Dutch giant in two, separating its healthcare-lifestyle division from the historic lighting business in a dramatic streamlining move. “W e re p re p ar i n g Philips for
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      Lock icon Jimmy Choo unveils London IPO to fund its Asia expansion
      596 18 AFP [LONDON] Shoemaker to the stars Jimmy Choo unveiled plans on Tuesday for a London stock-market float valuing it at up to £800 million (S$1.66 billion) to fund expansion in Asia. The company said in a statement that its owner,
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      Lock icon Tesco rushes in new CFO to fix accounting scandal
      599 18 Blunder knocks millions off firm’s profits, billions from its share price Reuters [LONDON] Tesco rushed its new chief financial officer into place on Tuesday, trying to shore up a leadership team badly damaged by an accounting mistake revealed on Monday that
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      Lock icon Barclays fined £38m for risking clients' assets
      252 18 Reuters [LONDON] British bank Barclays was fined £38 million (S$79 million) on Tuesday for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records kept. Imposing its highest fine for client asset breaches, Britain’s financial regulator
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      95 16 AN EXPERIENTIAL JOURNEY OF TASTES AND TEXTURES AT JAAN 2 and 3 October 2014 Commence on a culinary journey of innovative tastes, textures and culinary techniques as Executive Chef Jonay Armas from one Michelin-starred The Principal, Hong Kong, Chef Jonay’s degustation dinner menu showcases the natural beauty of each ingredient
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      1050 17 STEPHEN MCLAREN CONSULTANTS PTE. LTD. (Company Registration No. *****1678K) (the "Company") NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the "Companies Act"), that at an Extraordinary General Meeting of the Company deemed to have been duly convened and
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      178 17 ft mi un IK V- 5 jfSJ ae a vr xy >• ft f 3 St 3U v i i P k fS ,-T 1 I: 3Mir* A 1 -.5 <f5R SL ♦••-c •> V' *<• ft. «lc r A I ill j?S7 SS SS ft ?tV« 2&c i* X
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      1214 18 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF A-SONIC AVIATION PTE. LTD. (“the Company”) (Co. Reg. No. *****1780Z) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held
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      2513 19 www.omy.sg m 0 f Sh3S m a m c •cm j&a IT** ft iwj 91 nr»] ISPMI i n m J i?0 1 I ii > kn ft II The Business Times notices Toll free 1800-289-8822 Email notices(Ssph.com.sg www.sphclass.com.sg/notices HISAKA HOLDINGS LTD. Incorporated in the Republic of Singapore (Company Registration
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      3133 19 Karin Technology Holdings Limited (Incorporated in Bermuda on 30 August 2002) (Company Registration Number *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of the Company will be held at Mandarin Ballroom 2, Level 6, Main Tower, Mandarin Orchard, 333 Orchard Road, Singapore *****7
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  • EDITORIAL & OPINION
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      Lock icon StockFacts a commendable effort by SGX
      518 20 EDITORIAL ONE of the biggest problems beginner investors face is to figure out what stock to buy. To do so, they need resources to understand the market in a comprehensive way. They might have an eye on a promising food and beverage stock, for
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      Lock icon Animus in US against jobless due to right’s closed info loop
      742 20  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT LAST week, John Boehner, the Speaker of the House, explained to
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      Lock icon Digital advertising’s new revolution
      1206 20  -  Data-enabled automation of ad buying and selling is the next big thing VIKRAM KHANNA vikram@sph.com.sg Associate Editor IN the fast-changing world of advertising, which has never been a stranger to buzzwords, there is now a new one. It is “programmatic”, and it is set to revolutionise
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      Lock icon The evolving role of a bank CEO
      2897 21 Under ‘New Normal’ operating environment, CEOs need new attributes as they have to deal with many more areas SAMUEL TSIEN, Group CEO of OCBC Bank, spoke at The Hong Kong Institute of Bankers’ HKIB Annual Banking Conference on Sept 23. The following is
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      776 21  -  JOHN GEE The writer is a Singapore-based freelance writer SCOTLAND has voted “No” in the independence referendum, though by a smaller margin than looked likely three months ago. British parties that campaigned for the maintenance of the union must now make good on the
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  • Transport HUB
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      Lock icon Fighting fatigue on the watch
      759 22  -  Enforce current rules strictly for safety while making efforts to change manning practices on ships worldwide STRAIT TALK By DAVID HUGHES BOUT 40 years ago, I worked for a UK-based company operating small dry cargo ships of up to about 3,000 dwt. We used to
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      Lock icon Cosco counts on fuel-efficient ships to cut costs, revive profits
      370 22 Bloomberg [BEIJING] China Cosco Holdings Co, the container shipping line that posted three annual operating losses, has said that adding more fuel-efficient vessels will help cut costs enough to revive profits amid a capacity glut. “The ships need to be
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      Lock icon TRANSPORT STOCKS
      239 22 SGX '000 Sep 23 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.31 0.01 759 Cosco Corp 0.69 unch 1089 Cwt Limited Vol First Ship Lea 0.10 unch 951 Grand Banks unch unch 0 Jaya Hold Ltd 0.05 unch 7052 K1Ventures 0.31 Keppel Corp 10.50 unch 2245 Mercator
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    • TRANSPORT HUB: AVIATION
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        Lock icon Air NZ returns to S’pore next year as pact with SIA takes off
        431 23  -  S’pore-NZ capacity to go up; passengers can access codeshare flights By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Singapore Airlines’ alliance with Air New Zealand, which will see the return of Air NZ to Singapore as well as additional
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        Lock icon Air France crisis deepens as both sides refuse to budge
        788 23 Pilots reject plan for low-cost arm while CEO presses ahead Reuters [PARIS] A bitter Air France labour dispute has deepened as management pledged to press ahead with its low-cost airline ambitions and pilots said that an eight day-old strike over
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        Lock icon US$500m IPO target for Bangkok Airways
        197 23 Reuters [BANGKOK] Thai full-ser-vice carrier Bangkok Airways PCL plans to sell a 24.8 per cent stake in an initial public offering (IPO) in October, which two people familiar with the matter said is aimed at raising US$500 million. Bangkok Airways in a statement said
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        Lock icon Airbus, Boeing spar over jet output strategy
        679 23 Reu ters [ISTANBUL] Airbus and Boeing have clashed over jet production, with the European planemaker questioning the viability of its rival’s proposals to hike output and Boeing insisting that it will only build the number of jets that its buyers and suppliers can
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    • TRANSPORT HUB: LAND
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        Lock icon Cars getting smarter and more interactive
        760 24 As car ownership in cities fall carmakers lure smartphone obsessed generation Bloomberg [MUNICH] In two years, your Jaguar will be able to recognise you, predict how warm you’d like your seat on a rainy fall day and prompt you to swing by the florist
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        Lock icon AutoZone’s Q4 sales fall below expectations
        438 24 Reuters [LONDON] AutoZone Inc reported weaker-than-expect-ed quarterly revenue as a strengthening US economy encouraged consumers to buy new vehicles instead of repairing existing ones, sending the auto parts retailer’s shares down as much as 5 per cent on Monday. US auto sales showed strong
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        Lock icon Death toll in faulty GM car saga rises to 21
        297 24 AFP [NEW YORK] General Motors has raised the death toll linked to its faulty ignition switches to 21 as compensation claims mount following its long-delayed safety recall of the cars. Kenneth Feinberg, the lawyer in charge of the independent compensation
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      33 22 CONGRATULATIONS TO ALL WINNERS AT THIS YEAR’S MEN’S HEALTHGROOMING AWARDS! Don’t miss out on the latest grooming tips and tricks in the October issue ofMen’s Healthnow! Read it on your tablet or smartphone:
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      201 22 New Improved: ST|obs.sg Fall in love with our new website features n 31 |llil|llll|llll|llll|llll|llll|llll|llll|llll|llll|llll|l New look, new features, new experience! STJobs has improved the way you search for jobs online with some brand new features. NEW! NEW! NEW! r i BENCHMARKER TOOL Won’t you be interested to find out how
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      33 23 SEPTEMBER ISSUE OUT NOW! Enjoy40% OFFwhen you subscribe to the print edition now! PLUS 3 lucky subscribers will win a gift hamper from Klipsch and SONOS, worth more than $800 each! Visit www.hardwaremag.com
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      253 23 Spencer Li Managing Director Synapse Trading Pte Ltd With so many different indicators and complicated trading theories, have you ever wondered what indicators professional traders really use? Surprisingly, the answer is none. Most professional traders stick to down-to-Earth and practical price action behavioral analysis, choosing to discard their indicators. Candlestick
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  • Page 23 Miscellaneous
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      327 23 CRYPTIC CROSSWORD Across 1 Conflict as industrial action sees king replaced by female (6) 5 Examines power possessed by bugs (8) 9 Style of comedian facing the drop? (7,6) 10 Poor hearing? (8) 11 One abandons caution flying this exotic bird (6) 12 Old boy returns after exercises in pleasure
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      905 24 A special feature brought to you by Are you fully engaging prospects with Digital Edutainment Marketing? As a business owner for the past 21 years, I’ve run the gauntlet of marketing practices from traditional marketing in the form of print advertisement to guerrilla marketing tactics. Traditional marketing was all about
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  • Article
    Lock icon SHIPPING TIMES
    2140 25 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
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      54 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
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      103 26 Shipping lines seeking reliable Can they find your services here in the Shipping Times? 7T3 The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 ML UUJIIVLJJ IIIVILJ Shipping Times Announce Your Corporate Development rt Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3951 27 Transaction date: Sep 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 13.2 10.4 8Telecom Vol Day Last Quote ('000) High Low Buyer Seller --AAT C'vr Net 153.1 131 AIMSAMP
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      Lock icon SGX CATALIST
      354 28 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 33 25 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Ne 43.5 28 t Alliance Mineral 35 unch 1813 35 35
      354 words
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      Lock icon UNIT TRUST & FUNDS
      10887 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Aberdeen Asset Mgt Asia Limited 1.61/ APS Alpha Fund (USD)!** 1.27/ Aberdeen Asset Mat Asia Limited Chna Opportunities'* China Opportunities USD!** 2 9897/ Global Emerging Markets USD 1 3252/ Global Opportunities USD India
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      Lock icon GLOBALQUOTE
      236 28 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 Last Vol 343 270 TanChongInt HK297 -4 45 300 297 297 302 9.7 3.5 2.9 5981.3 DISCLAIMER: All information is published “as is” without warranty of any
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      Lock icon SGX ETF
      1121 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 117 -1 4 117.3 117 116 117.3 534.1 139.4 119 CIMB APAC Div 100S$D 126 -1 6 126 126 127
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      664 29 Sep 23 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.36 *****.13 *****.11 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****7 Mar15 *****.00 0 105 MSCI TAIWAN INDEX FUTURES SPOT 332.29 332.82 330.50 Sep14 331.70 332.50 330.10 331.40 ***** *****0 Oct14 331.50 332.50 330.20 331.50
      664 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 22 Index Change Change Change Change Change Change World Preliminary 1254.9 -0.7 5.9 -0.5 4.6 -0.8 4.0 EAFE Preliminary 984.4 -0.6 2.9 -0.4 -0.9 -0.7 -1.4 Europe Preliminary 1404.6 -0.6 3.7
      373 words
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      Lock icon INTERBANK CROSS RATES
      471 29 Sep 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.980 5.453 0.691 6.886 54.128 106.415 0.963 9.238 2.885 1.094 91.211 39.540 1.127 9.897 0.835 26.861 28.645 0.544 0.888 Canada 1.021 5.566
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      Lock icon SIBOR
      37 29 Sep 23 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      85 29 Sep 23 Sep TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.12 5-Year NX*****W 2.5 01-Jun-19 104.44 104.55 104.55 Period Issue Coupon Maturity 10-Year
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      Lock icon PRECIOUS METALS
      122 29 Sep 23 GOLD(US$/oz) Sep 23 Sep 22 Hong Kong 1228.00 1219.00 Sep 22 Sep 19 London 1213.10 1217.12 1213.58 1217.85 Source: Thomson Reuters CAST BAR Sep 23 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 47 5gm 302 247 10gm 561 496
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      Lock icon PALM OIL
      57 29 Sep 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2125.0 2152.0 2155.0 2125.0 771 3599 Nov 14 2103.0 2128.0 2134.0 2100.0 4641 ***** Dec 14 2100.0 2126.0 2132.0 2097.0 ***** ***** Jan 15 2120.0 2144.0
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      Lock icon INTERBANK CURRENCY RATES
      156 29 Sep 23 Sep Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1259 1.1274 0.8881 0.8886 Canadian dollar 1.1494 1.1506 0.9069 0.9066 Euro 1.6296 1.6310 1.2854 1.2856 NZ dollar 1.0291 1.0304 0.8117 0.8122 Sterling pound 2.0685 2.0704 1.6316
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    • Article
      Lock icon CHICAGO BOT
      109 29 Sep 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 14 938.25 957.00 954.75 934.25 Jan 15 945.75 965.25 963.00 941.75 Mar 15 952.25 972.75 970.25 948.25 May 15 958.75 979.50 977.00 955.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 14
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      Lock icon LIFFE
      95 29 Sep 22 COCOA (£/tonne) Close Prev High Low Dec 14 2136 2105 2140 2095 Mar 15 2093 2054 2095 2042 May 15 2071 2034 2071 2025 Jul 15 2049 2015 2050 2016 COFFEE(US$/tonne) Close Prev High Low Sep 14 1930 1930 1948 1930 Nov 14 1936 1940 1941 1924
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      954 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -55 3.67 46 Asia-Pacific Strategic W*****6 3.4 1 2 56 Ratio Exer Ascendas REIT MB eCW*****3 2.4 0.2 230 2 Asiatic Grp(Hldgs) Ltd W*****5 2.1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Sep 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 96.69 -1.05 WTI (Near Mth) 91.52 -0.94 Dubai (1-Mth F) 96.20 0.05 Tapis blend 99.60 -0.12 Minas 95.10 -0.12 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.69 0.41 Jet Kerosene 110.79 0.10 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 29 Sep 23 S$ Bid Offer 1-month 1.2678 1.2687 2-months 1.2678 1.2687 3-months 1.2678 1.2687 6-months 1.2677 1.2687 Source: OCBC
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      Lock icon LONDON METALS
      66 29 Sep-22 Sep-22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1941.75 1941.75 3 months 1976.00 1976.00 Copper, Grade A(US$/tonne) Cash 6773.50 6883.25 3 months 6720.50 6835.00 Lead(US$/tonne) Cash 2050.75 2071.50 3 months 2064.50 2084.00 Nickel (US$/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
      122 29 As at 9am Sep 23 Sep Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.152 1.098 Can dollar 1.171 1.126 Euro 1.669 1.590 Sterling pound 2.116 2.035 NZ dollar 1.053 1.013 US dollar 1.295 1.234 Local dollars to 100 units of
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      Lock icon INTERBANK RATES
      157 29 Sep 23 $S Offer Bid 0vernight 0.10 0.05 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.07 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
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      770 30 emirates.com/sg Join Emirates Skywards and open up a world of rewards at emirates.com/sg For more details, visit emirates.com/sg, call us at 6622 1770 or contact your travel agent. i 9 Mm m SEMICONDUCTORS BROADCASTING S4L APPAREL ENERGY^ MERCHANDISE RESTAURANTS ti INSURANCE IT REITS- MATERL IT AEROSPACE JO SPORTING CAPTURE THE
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      385 31 Today’s markets move fast. V S-. I I Hfi Bfl Financial District, New York. Make sure you keep up. Don't miss out. Talk to your advisor about a UBS Investment Mandate. Benefit from the expertise of more than 900 analysts, economists and strategists around the globe, 24 hours a day.
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  • executive Money
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      Lock icon Investors should take on more risk
      578 32  -  JPAM executive says investors are holding too much cash By GENEVIEVE CUA gen@sph.com.sg INVESTORS should take on more risk in their portfolios, says JP Morgan Asset Management (JPAM) portfolio manager Talib Sheikh, even as expectations of returns from global equities are muted compared to
      Source: JP Morgan  -  578 words
    • Article
      Lock icon BlackRock says ‘broken’ corporate bond market needs an overhaul
      381 32 Bloomberg [NEW YORK] BlackRock Inc said the corporate bond market, which is one of the cornerstones of global finance, is “broken” and must be retooled to improve liquidity. BlackRock, a major competitor in the bond market with US$4.3 trillion in client
      Bloomberg  -  381 words
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      Lock icon South Korea’s small caps outperform larger peers
      910 30 Govt policies are boosting stimulus and promoting entrepreneurship Bloomberg SOUTH Korea’s smaller companies are beating larger peers by the most since 2005 as President Park Geun Hye boosts stimulus and promotes entrepreneurship. The small-cap Kos- daq Index has advanced 15 per cent this
      Bloomberg; PHOTO: BLOOMBERG  -  910 words
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      Lock icon HK-Shanghai market through train on track for Oct launch
      1032 31  -  The event could boost trading in H-shares and A-shares MONEY MATTERS JONATHAN GARNER Jonathan Garner is chief Asia/GEMs equity strategist, Morgan Stanley THE People’s Republic of China is preparing to take a major step towards the creation of a “One China”
      PHOTO: BLOOMBERG  -  1,032 words
  • Page 32 Advertisements
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      117 32 IG GIVES ME ALL THE TOOLS I NEED TO TRADE GLOBAL MARKETS s i V A A A Af r Jit M *M. I I ill! r li ii.' /II r ACCESS FOREX, SHARES, INDICES AND COMMODITIES WITH CFDs ON OUR AWARD-WINNING PLATFORM Find out more at our storefront office
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      13 32 CHINA STOCKS ‘One China’ equity market on track for Oct launch PAGE 31
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