The Business Times, 27 September 2014

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Microfilm: NL33243
Total Pages: 39
1 16 The Business Times
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  • Title Section
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    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg SEPTEMBER 27-28, 2014 S$1.00 MCI (P) 052/08/2014 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Superyachts the latest toy coveted by the uber-rich
    1208 1  -  Wealth-X, which gathers data on the super-rich, names Abramovich’s US$1 billion boat as world’s most expensive yacht By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE ultra-rich may own super cars and sports franchises, but luxury yachts costing the equivalent of entire office blocks
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  • Article
    Lock icon It’s Advantage Racquet Club at WTA Finals
    707 1  -  S$850-a-head tickets for hospitality programme going fast as corporates buy into inaugural event By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IN just three weeks, Serena Williams and other top seeded women tennis stars will step up to the baselines at the Indoor Stadium to
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  • TOP STORIES
    • Article, Illustration
      Lock icon August manufacturing gets boost from electronics, biomed
      662 2  -  But electronics’ contribution seen to be short-lived, given base distortion By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S key electronics sector may have expanded in August reversing four consecutive months of contraction but economists are viewing the surprise increase cautiously, since it was largely
      Source: Singapore Economic Development Board (EDB)  -  662 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,292.21 (+1.22) GSTI FUTURES 3,292.00 (+1.00) GSIMSCI 372.15 (+0.51) HSIMSCI FUTURES 371.70 -0.50) Friday Change KL COMP 1,840.50 -2.61 NIKKEI 225 16,229.86 -144.28 HANG SENG 23,678.41 -89.72 SET 1,600.16 +8.17 JAKARTA 5,132.56 -68.82 MANILA 7,261.30 -32.91 KOSPI 2,031.64 -2.47 SHENZHEN B 974.16 +3.33 MUMBAI IND 26,626.32 +157.96 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.740 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.630 2.071 EURO (US$/S$/€ 1.274 1.619 Foreign currency per US$ S$ YEN 109.00 85.80 RM 3.259 2.564 HK$ 7.756 6.104 BAHT 32.29 25.41 RUPIAH 12,025 9,464 RENMINBI 6.127 4.822 INDIAN RUPEE 61.41 48.33 A$ 1.139 0.897 NZ$ 1.264 0.995
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    • Article, Illustration
      Lock icon Changi Airport parking revamped as work begins on Jewel
      1066 4  -  Terminal 1 carpark to make way in Q4 for the multi-use complex and expansion of T1 By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore VISITORS who drive to Changi Airport’s Terminals 1 and 2 will soon have to bear with some parking inconveniences
      Source: Changi Airport Group  -  1,066 words
    • Article, Illustration
      Lock icon Investments, spending accelerate Q2 GDP growth
      576 5 Economy expands 4.6%, fastest pace since 2011; company profits surge LATEST US DATA Bloomberg Washington THE US economy expanded in the second quarter at the fastest rate since the last three months of 2011 as companies stepped up investment and households boosted spending. Gross
      Bloomberg; PHOTO: BLOOMBERG  -  576 words
    • Article
      Lock icon Asean economy to surpass UK’s and Japan’s?
      675 6  -  This could happen in 5-10 years with AEC and China as catalysts: UOB economists By Chuang Peck Ming peckming@sph.com.sg Singapore DRIVEN by a common market and China’s emergence as a giant economic power, Southeast Asia’s economy is tipped to swell to a size
      675 words
    • Article
      Lock icon PM Lee hails rejuvenated India, but says reforms still lie ahead
      433 7  -  He urges Indian firms in Singapore to tap shared cultural heritage By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore INDIA still has much to do to ensure its long-term growth, but its new government has rejuvenated confidence and sentiment within the
      433 words
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      48 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Companies 10-11,13 S’pore Markets 11 Singapore 15-16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Living L2-4 Dining L5-7 Travel L8-9 Style L10-11 BT Wine Challenge L12-13 Motoring L14-15 Sports L16 Real Estate 31
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      592 3 New Connection to the Marina Coastal Expressway (MCE) INTERNATIONAL PLAZA STREET MAXWELL ROAD ANSON ROAD CECIL ROBINSON LAU PA SAT ROAD WAY Opening 28 September 2014, from 5am KEPPEL ONE RAFFLES QUAY AXA TOWER ROAD MAS BUILDING To AYE (Tuas) SHENTON AYE KEPPEL Marina Bay Fire Station Neighbourhood Police Centre
      592 words
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  • Page 4 Miscellaneous
    • Miscellaneous
      Lock icon Page 4 Miscellaneous Column 1
      33 4 IOii'] $1.6 MILLION Estimated Draw on Mon, 29 Sep 2014 at 6.30pm For details, visit www.singaporepools.com.sg p L A Vri) Always play with care responsibly] Do not bet illegally. RGB Reg No: *****0202G
      33 words
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  • Page 6 Miscellaneous
    • Miscellaneous
      Lock icon Page 6 Miscellaneous Column 1
      62 6 SINGAPORE -SWEEP1 ST PRIZE $2,300,000 2ND prize 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) Wednesday. 1 October 21 Draw Date; Wednesday. jfgB 2014t£10HlB .*> 3,8- Draw No. S *****96 DRAW ON WEDNESDAY, 1 OCT 2014 p A Always play with care. responsibiyj
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon In pursuit of tough questions
      1797 8 / 9  -  MIT professor Roberto Rigobon, co-founder of the Billion Prices Project, is trying to improve the world one measurement at a time. By Kenneth Lim By Kenneth Lim kenlim@sph.com.sg @KennethLimBT PROFESSOR Roberto Rigobon’s formula for advancing human knowledge is fairly easy to remember: Don’t do easy.
      PHOTO: ARTHUR LEE  -  1,797 words
    • Article
      Lock icon Weaving a new ‘basket’
      695 8 / 9 THE consumer price index (CPI) is an indispensable tool for an economist. Managing inflation is one of the most critical objectives for the modern central banker, and the way that inflation is measured is through the CPI, that gauge of what people can actually buy with
      695 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Gryphon sues Sakae over proceeds from property sale
      589 10  -  Sushi chain says payment can be made only after other pending lawsuits are resolved By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE legal wrangling stemming from mainboard-listed sushi chain Sakae Holdings’ involvement in the Bugis Cube commercial property venture has taken another turn,
      ST FILE PHOTO  -  589 words
    • Article
      Lock icon FEHT’s Sentosa investment positive but carries risks: analysts
      545 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FAR East Hospitality Trust’s (FEHT) 30 per cent investment in a new hotel on Sentosa with its sponsor carries certain risks, say analysts. But their overall verdict is that it is still a good move, even
      545 words
    • Article, Illustration
      Lock icon STI drops 13 points in lacklustre week
      618 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT HAS been another nondescript week for local stocks as prices drifted mainly south in poor volume and the Straits Times ndex lost 13 points or 0.4 per cent at 3,292.21. The loss would have been
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    • Business briefing
      • Article
        Lock icon China Kunda Technology offer terminated
        55 11 THE offer by businessman Ang Kok Teong to acquire a 50.6 per cent stake in China Kunda Technology Holdings at S$0.0729 a share has been terminated. This was because the terms and conditions of the sale-and-purchase agreement were not fulfilled before the relevant deadline, Mr
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      • Article
        Lock icon IPS Securex to raise S$2.5m from placement
        78 11 SECURITY products and solutions provider IPS Securex is placing out six million new shares at S$0.42 each to investor Thomas Goh Khoon Lim, raising S$2.5 million. The new shares represent 8 per cent of its share capital of 75 million shares. The placement
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      • Article
        Lock icon Keppel Infrastructure Trust to upgrade plant
        67 11 KEPPEL Infrastructure Trust has entered into an agreement with the National Environment Agency (NEA) to upgrade its Senoko Waste-to-Energy Plant to provide additional incineration capacity. The upgrading, to take place between Q3 2015 and Q3 2016, will increase the plant’s incineration capacity by 10
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    • Article
      Lock icon TOP GAINERS
      66 11 BY CENTS CLOSE UP GLD 10US$ ***** 182.9 1.2 DBXT iBoxxSvEu 5US$ ***** 124.5 0.4 DBXT USDIGInfl 5US$ ***** 116.9 0.3 DBXT iBoxxUSTr 5US$ ***** 72.4 0.3 DBXT EONIA 5US$ ***** 57.2 0.3 DBXT FTVietnam 10US$ 2991 36.8 1.0 DBXT AUD Bonds 5AU$ ***** 35.7 0.2 DBXT S&P
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    • Article
      Lock icon TOP LOSERS
      64 11 BY CENTS CLOSEDOWN IS S&P500 ***** -412.8 -1.6 SPDRS S&P 500 10US$ ***** -322.7 -1.3 SPDR DJIA 10US$ ***** -301.1 -1.4 Lyxor Indonesia10US$ 9097 -263.0 -2.2 DBXT Nifty 10US$ ***** -221.0 -1.3 DBXT MSEurope 10US$ 5910 -120.7 -1.6 DBXT AUDCS 5US$ ***** -96.5 -0.4 Lyxor AsiaCS 10US$ 6151
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    • Article
      Lock icon Croesus eyes logistics property fund
      386 11 Bloomberg Singapore THE Croesus Group, an Asian real estate manager, is evaluating another fund with logistics properties after listing its first trust holding Japanese malls in Singapore last year. Croesus has access to 24 to 36 facilities in Japan and the US and may seek
      Bloomberg  -  386 words
    • Article
      Lock icon TOP 20 ACTIVES
      257 11 VOL CLOSE Xpress 222 V062 0 .9 0 .1 1 2 .5 IHC 46 12.5 870 26 .5 0 .0 0 .0 APAC Strategic 34 APAC Strategic 727 5 .6 0 0.0 .0 OLS Enterpr i se 26 26,046 046 1 .2 0 0.0 .0 LH 23
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    • Article
      Lock icon STI STOCKS
      118 11 Stock name Close Change Ascendas Reit 2.280 +0.030 CapitaLand 3.230 -0.010 CapitaMall Trust 1.905 CityDev 9.730 +0.140 ComfortDelGro 2.450 -0.020 DBS Grp 18.520 +0.130 Genting Sing 1.150 +0.010 Global Logistic 2.750 -0.040 Golden Agri-Res 0.510 HPH Trust USD 0.685 HongkongLand USD 6.850 -0.150 JMH 400 USD 59.960 -0.390
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    • Article
      Lock icon More clarity sought from new LCD directors
      672 14  -  HK institutional investor Pyrrho Management cites lack of relevant experience of incoming executive directors among key concerns By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ONE institutional investor of LCD Global Investments is calling for greater clarity from the firm’s new incoming executive directors on
      672 words
    • Article, Illustration
      Lock icon NZ dairy farming trust aims to raise NZ$100m
      276 14 Reuters Singapore AQUILA Capital Farms NZ is marketing its first New Zealand dairy farming trust to regional investors, betting on growing overseas interest in the country’s key export industry and demand for steady returns from this sector. The trust aims to raise
      Reuters; PHOTO: BLOOMBERG  -  276 words
    • Article, Illustration
      Lock icon Olam appoints Temasek-linked directors
      230 14  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OLAM International on Friday said that it has appointed Kwa Chong Seng, chairman of Neptune Orient Lines, as deputy chairman and independent director of the board. It has also appointed Nihal Vijaya Devadas Kaviratne as an independent director. The appointments
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  • Page 12 / 13 Advertisements
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      Lock icon Page 12 / 13 Advertisements Column 1
      1989 12 / 13 VOLUNTARY CONDITIONAL CASH OFFER by 0OCBC Bank Oversea-Chinese Banking Corporation Limited for and on behalf of Lee Kim Tah Investments Pte Ltd (Incorporated in the Republic of Singapore) Company Registration No. *****1733K for all the issued ordinary shares in the capital of Lee Kim Tah Holdings Limited (Incorporated in the
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    • Advertisement
      Lock icon Page 12 / 13 Advertisements Column 2
      1294 12 / 13 including the Last Trading Date Source: Bloomberg LP Note: (1) For the purposes of the table above, all percentage figures are rounded to the nearest two decimal places. 10. DISCLOSURE OF HOLDINGS AND DEALINGS 10.1 Holdings. Part 1 of the Schedule to this Announcement sets out the number of Relevant
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  • SINGAPORE
    • Article, Illustration
      Lock icon Research body on rehabilitation to be set up
      473 15  -  Partners A*Star, NTU and NHG will develop innovative technologies, research capabilities and grow a talent pool By Claire Huang huangjy@sph.com.sg @ClaireHuangBT AN institute will be set up to research into the science of rehabilitation so as to improve the delivery of care
      FILE PHOTO  -  473 words
    • Briefing
      • Article
        Lock icon Jetstar adds flights to meet year-end demand
        57 15 JETSTAR Asia said on Friday that it will add 50 more return flights between Singapore and the four destinations of Perth, Manila, Penang and Kuala Lumpur to meet end-of-year holiday demand. With the addition, Jetstar will be able to offer an extra 18,000
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      • Article
        Lock icon 75 firms respond to President’s Challenge
        64 15 SEVENTY-FIVE corporate organisations and more than 4,207 employee volunteers have taken part in activities organised under the President’s Challenge Volunteer Drive (PCVD) this year, according to the Ministry of Social and Family Development. The PCVD, an initiative that aims to help people understand the
        64 words
      • Article
        Lock icon Three jailed for false work injury claims
        113 15 THREE workers were sentenced to between four and six weeks’ jail in July and August for knowingly making fraudulent claims under the Work Injury Compensation Act (Wica) and/or for furnishing false information to investigation officers from the Ministry of Manpower. They are Khan
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    • Article
      Lock icon Singapore labour market among those with least stress: Hays
      575 16  -  But it still ranks high in wage pressure in high-skill sectors and high-skill jobs By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT SINGAPORE is one of the global labour markets with the least stress, according to a study of 31 economies by recruitment
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    • Article, Illustration
      Lock icon Short-term pain as companies restructure
      492 16 Reuters DATA centre operator IO is just the kind of company that Singapore wants to see in its future as cost pressures erode its competitiveness in the traditional low-end manufacturing that once helped make it an “Asian Tiger” economy. US-based IO took space last year
      Reuters; PHOTO: REUTERS  -  492 words
    • Article
      Lock icon 16 finalists pick up EYA 2014 awards for enterprise
      277 16  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT SIXTEEN entrepreneurs were yesterday honoured with the Entrepreneur of the Year Award (EYA) 2014. Of the 16, 13 won the Established Entrepreneur Award for veteran businessmen, and the remaining three, the New Entrepreneur Award for emerging
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      Lock icon Page 15 Advertisements Column 1
      319 15 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 01 OCTOBER 2014 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF BUILTFORT INTERNATIONAL PTE. LTD. ACRA
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  • WORLD
    • Article, Illustration
      Lock icon Japan’s inflation slows in August
      653 17  -  BOJ expected to ease monetary policy further this year; yen hits four-year low against US dollar By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S inflation rate weakened slightly in August, strengthening market expectations that the Bank of Japan (BOJ) will need to ease monetary policy further this
      PHOTO: BLOOMBERG  -  653 words
    • Article
      Lock icon Intel buys into China chipmakers
      467 17 Reuters Beijing INTEL Corp will pay as much as US$1.5 billion for a 20 per cent stake in two mobile chipmakers with ties to the Chinese government, in the hopes of catching up in a smartphone chip industry dominated by rival Qualcomm Inc. Intel will
      Reuters  -  467 words
    • Article
      Lock icon Apple addresses iPhone 6 bending, software concerns
      351 17 Reuters London APPLE Inc broke its silence on complaints about bending iPhones, hours after withdrawing a glitch-ridden software update as the company struggles to restore momentum to the rollout of its latest phones. “With normal use, a bend in iPhone is extremely rare
      Reuters  -  351 words
    • Article, Illustration
      Lock icon Banks face curbs on passing debt in crisis
      500 18 Plan calls for total loss-absorbing capacity to take taxpayers off the hook when lenders fail Bloomberg London THE world’s largest banks face curbs on how much they can rely on selling debt to each other to meet a planned international standard on
      Bloomberg  -  500 words
    • Article, Illustration
      Lock icon Chrysler recalls almost 350,000 cars
      343 18 AFP New York CHRYSLER recalled almost 350,000 older-model cars on Thursday over an ignition-switch problem that could cause a loss of engine power or reduced braking power. The automaker, a unit of Ita-ly-based Fiat Chrysler, said it would correct the switch defect “that may cause
      AFP; PHOTO: REUTERS  -  343 words
    • Article
      Lock icon Beijing mulls over raising RQFII quotas as HK runs out of allocations
      150 18 Reuters Beijing CHINA is considering raising quotas for foreign investors under the Renminbi Qualified Foreign Institutional Investor (RQFII) programme as Hong Kong-based investors have almost exhausted their allocations, according to a newspaper report on Friday. Launched in 2011,
      Reuters  -  150 words
    • Article, Illustration
      Lock icon Microsoft’s Satya Nadella visits Beijing
      333 19 Firm says it will work with officials probing alleged monopoly behaviour AFP Shanghai MICROSOFT chief executive officer Satya Nadella is visiting China for the first time since taking the post in February, state media said on Friday, as authorities probe the US technology giant for
      AFP; PHOTO: AFP  -  333 words
    • Article
      Lock icon Facebook to get EU nod for WhatsApp takeover: sources
      273 19 Reuters Brussels FACEBOOK, the world’s leading social network, will win unconditional EU approval for its US$19 billion offer for mobile messaging startup WhatsApp in a deal pitting it against telecoms operators, sources said. The landmark acquisition, the largest in Facebook’s 10-year
      Reuters  -  273 words
    • Article
      Lock icon ‘Bond King’ Bill Gross leaving Pimco
      575 20 Investment firm founder joining rival Janus; surprise announcement rattles US Treasury market Reuters Bloomberg New York BILL Gross, one of the bond market’s most renowned investors, is leaving Pimco, the investment firm he founded and with which his name has been effectively synonymous, for
      Reuters; Bloomberg  -  575 words
    • Article, Illustration
      Lock icon Parliamentary setback for Jokowi
      496 20 AFP Jakarta INDONESIAN president-elect Joko Widodo on Friday accused his opponents of rolling back democracy after Parliament voted to scrap direct elections of local officials, a move likely to hinder his ambitious reform agenda. The outgoing legislature voted early on Friday to scrap the local polls
      AFP; PHOTO: REUTERS  -  496 words
    • Article, Illustration
      Lock icon BlackBerry posts smaller than expected Q2 loss
      349 20 Bloomberg Toronto BLACKBERRY Ltd has reported a smaller second-quarter loss than analysts expected, as chief executive officer John Chen proves that his turnaround is gaining momentum. BlackBerry’s net loss narrowed to two US cents a share, excluding one-time items, in the quarter that
      Bloomberg  -  349 words
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      Lock icon Page 18 Advertisements Column 1
      109 18 New Improved: STJobs.sg Tailor your STJobs homepage for a personalised experience. 1 Have you seen the new site? A STJobs has improved the way you search for jobs online complete with a brand new look. Here are 3 things you should know about the revamped STJobs.sg: First job portal that’s
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      153 19 Free Admission 2nd to 5th October 2014 Suntec City Convention Centre, Hall 401 402 10am to 10pm Singapore INTERNATIONAL INDIAN SHOPPING FESTIVAL 2014 Explore Enjoy Enrich EXPERIENCE INDIA XT i JL ■SS I- a 1 J> i Vr i Mil" 200+Booths Over 1000+products Fashion Show (Competitions Kids Corner Meet and
      153 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8045 21 Transaction date: Sep 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.2 10.4 8Telecom 12.5 unch 30 12.6 12.5 12.5 13.5 6.3 1 16.2 59.9 13.9 7.5 A-Sonic Aero 8 -0.1 95
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    • Article
      Lock icon SGX CATALIST
      2075 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 33 25 t 3Cnergy 500 33 29 39.6 50 22 t 800 Super 49 +3.5 1692 50 45 49 49.5 5 2 9.8 87.6 5
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 2 0 0 0 5 6 2 Manufacturing 35 52 40 3 11 12 38 63 52 Commerce 10 21 26 4 6 7 14 27 33 Tpt/Stor/Comms 7 19 16
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      794 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 22 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K. Goh Hldgs 25-Sep-14 GKG Investment Hldgs Buy 118 0.90 *****9 57.84 *****7 57.88 G.K. Goh Hldgs
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,515 10,515 32,338 32,338 Manufacturing 399,145 36,339 435,484 88,108 3,652 91,759 Commerce 112,880 26,387 139,267 76,416 2,652 79,068 Tpt/Stor/Comms 68,731 10,721 79,452 86,715 2,131 88,846 Finance 16,546 132 16,678 161,732 27 161,759 Construction 28,747 21,357
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Sep 25 COCOA (£/tonne) Close Prev High Low Dec 14 2140 2168 2187 2138 Mar 15 2092 2112 2133 2092 May 15 2066 2082 2102 2066 Jul 15 2053 2064 2087 2047 COFFEE(US$/tonne) Close Prev High Low Sep 14 1948 1973 1954 1930 Nov 14 1944 1965 1964 1920
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    • Article
      Lock icon METALS
      66 25 Sep 26 GOLD(US$/oz) Sep 26 Sep 25 Hong Kong 1229.00 1216.00 Sep 25 Sep 24 London 1218.04 1217.83 1218.61 1218.48 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 22.77 21.99 Source: UOB PLATINUM Lon (US$/oz) Sep 25 Close Previous PM Fix 1310.00 1328.00 AM Fix 1304.00 1335.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Sep 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2200.0 2189.0 2205.0 2189.0 330 1639 Nov 14 2185.0 2181.0 2206.0 2180.0 4566 ***** Dec 14 2178.0 2177.0 2203.0 2176.0 ***** ***** Jan 15 2193.0 2194.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 25 Sep 26 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-16 106.08 5-Year N*****0H 1.625 01-Oct-19 100 99.99 99.99 10-Year NY*****H 3.000 01-Sep-24 104.77 104.65
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Sep 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1146 1.1158 0.8774 0.8779 Canadian dollar 1.1423 1.1434 0.8996 0.8992 Euro 1.6186 1.6199 1.2742 1.2745 NZ dollar 1.0047 1.0059 0.7909 0.7914 Sterling pound 2.0706 2.0724 1.6300 1.6305
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Sep 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.142 1.088 Can dollar 1.163 1.119 Euro 1.656 1.578 Sterling pound 2.111 2.030 NZ dollar 1.032 0.993 US dollar 1.295 1.234 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon CHICAGO BOT
      104 25 Sep 25 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 14 922.75 936.75 941.75 922.25 Jan 15 931.50 945.25 949.75 931.00 Mar 15 939.50 952.50 957.50 939.00 May 15 947.75 960.00 965.00 947.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Oct 14 32.62 32.62 33.05 32.44
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 25 YTD change: +3.94% 52-week high: 3,387.84 on July 31,2014 52-week low: 2,953.01 on Feb 4,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        21 25 YTD change: +1.60% 52-week high: 25,362.98 on Sept 4,2014 52-week low: 21,137.61 on March 20, 2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        20 25 YTD change:+10.95% 52-week high: 2,365.15 on Sept 25,2014 52-week low: 1,974.38 on March 12,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 25 YTD change: -0.38% 52-week high: 16,374.14 on Sept 25,2014 52-week low: 13,748.94 on Oct 8,2013 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 25 YTD change: +2.23% 52-week high: 17,350.64 on Sept 19,2014 52-week low: 14,719.43 on Oct 9,2013 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon OIL
      68 25 Sep 25 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 96.64 0.81 WTI (Near Mth) 92.46 -1.91 Dubai (1-Mth F) 95.15 -0.08 Tapis blend 98.12 0.16 Minas 93.62 0.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.89 -0.44 Jet Kerosene 109.92 0.06 US$/barrel OpecOil Basket Price 94.25
      68 words
    • Article
      Lock icon LONDON METALS
      72 25 Sep 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1917.50 1941.00 3 months 1950.50 1974.00 Copper, Grade A (US$/tonne) Cash 6741.00 6778.50 3 months 6695.00 6742.00 Lead (US$/tonne) Cash 2061.25 2076.50 3 months 2073.00 2091.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 25 Index Change Change Change Change Change Change World Preliminary 1241.8 -0.9 4.8 -0.9 3.2 -1.0 2.8 EAFE Preliminary 975.6 -0.3 2.0 -0.5 -2.2 -0.6 -2.6 Europe Preliminary 1380.7 -1.0 1.9
      373 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Twists and turns of Silk Road diplomacy
      1426 26 / 27  -  China plays the Silk Road card in foreign policy initiatives, but the history is less benign. By Tansen Sen By Tansen Sen THE romantic concept of a historic Silk Road by which camel caravans wend among the mountains and deserts of Central Asia
      PHOTO: AFP  -  1,426 words
  • Page 26 / 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 / 27 Miscellaneous Column 1
      334 26 / 27 SATURDAY with Ludwig CRYPTIC CROSSWORD Across 4 React to scrap and join in? (4,4) 8 Hit second three-wheeler (6) 9 Drunk sees unknown staff in local, known for more money than sense? (5,3) 10 Junior will go round extraterrestrial route in plane (8) 11 Believe it’s time one’s got to
      334 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Pimco ETF probe spotlights industry
        1285 28 / 29  -  Regulators fear it may pose an increasing risk to the stability of the bond market. By Nabila Ahmed, Sridhar Natarajan, Sam Mamudi Bloomberg New York THE US regulatory probe into Bill Gross’ Pimco Total Return ETF is highlighting an industry that supervisors say may pose
        Bloomberg; PHOTO: BLOOMBERG  -  1,285 words
      • Article
        Lock icon BROKERS' TAKE
        706 28 / 29  -  Compiled by Jamie Lee Starburst Holdings BUY DBS Vickers Research Sept 26 Close: S$0.635 INITIATE coverage with “buy”, 30 per cent upside to TP (target price) of S$0.77 based on 25 per cent discount to peers’ PE (price/earnings) ratio. Proxy to bigger defence budgets regionally and fastest-growing markets
        706 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        1153 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 13 AND AUG 19, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Commonwealth Twr Apt 18/08/2014 99 452 772 1707 Ctl Green Cdo Apt 15/08/2014 99
        1,153 words
      • Article, Illustration
        Lock icon Aussie commercial property big draw here
        562 31  -  Singapore accounts for 28% of net investments in the sector since 2005 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT SINGAPORE has emerged as the top foreign investor in Australian commercial properties in the past decade, going by the latest report of real estate consultancy CBRE. Trailing
        Source: CBRE, Q2 2014  -  562 words
      • Article, Illustration
        Lock icon London home prices in first fall since 2012
        313 31 Bloomberg London LONDON house prices fell for the first time in almost two years this month as declining demand led to a weakening of the property market across Britain, Hometrack Ltd said on Friday. The survey of real estate agents showed values
        Bloomberg; PHOTO: BLOOMBERG  -  313 words
      • Article
        Lock icon UK property search sites face lower margins
        304 31 Bloomberg London PROPERTY search websites Rightmove plc and Zoopla Property Group plc face lower margins and declining revenue as a group of UK’s brokers prepare a rival site to avoid paying fees to both companies. The group, Agents Mutual, expects to begin trading
        Bloomberg  -  304 words
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      131 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE ROYAL OAK CONCEPT SERIES CONTINUES TO PUSH THE BOUNDARIES OF AUDEMARS PIGUET SAVOIR-FAIRE. THIS CONCEPT GMT TOURBILLON, WITH DUAL TIME FUNCTION, FEATURES WHITE CERAMIC BEZEL, CROWN, PUSHER AND BRIDGE. NINE TIMES HARDER THAN STEEL, CERAMIC IS EXCEPTIONALLY DIFFICULT TO WORK,
      131 words
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      69 1 THE BUSINESS TIMES WEEKEND SEPTEMBER 27 28 2014 BT Living A BREEZE FOR THE BUSY Businesses are remaking themselves to cater to time-strapped urbanites L2-4 DINING New indie F&B hotspots L5-7 PHOTO: ONLY FOR WINE STYLE Profits with a purpose L10-11 MOTORING Dazzling Renault and Bentley L14-15 BT WINE CHALLENGE
      69 words
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  • BT Living
    • Article, Illustration
      Lock icon A BREEZE FOR THE BUSY
      2866 2 / 3  -  From laundry to wine storage, businesses are remaking themselves to cater to time-strapped urbanites. By Tay By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT My Laundry Box www.mylaundrybox.com IF you’re the sort who’s often racing against time to make it to the dry-cleaners before they lower their
      PHOTOS: THE LAUNDRY BOX; PHOTOS: ONLY FOR WINE; PHOTOS: THE KITCHEN SOCIETY; PHOTOS: CRATEFUL; PHOTOS: PROTOTYPING LAB@NDC  -  2,866 words
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  • DINING
    • Article, Illustration
      Lock icon Indie hotspots
      3113 5  -  Tired of the usual chain eateries and seeking something off the eaten track? Debbie Yong susses out three emerging dining clusters that are attracting indie F&B operators Debbie Yong debyong@sph.com.sg @DebbieYongBT Icon Village 16 Enggor Street ANOTHER day, another new shopping mall in Singapore. But while most other
      PHOTOS: DEBBIE YONG; PHOTOS: TWO MEN BAGEL SHOP, WHOLE & HEARTY; PHOTOS: BRIDGE, SELA; PHOTO: TESS BAR AND KITCHEN; PHOTOS: NGON, SMOR; PHOTO: GOCHI-SO SHUKUDO  -  3,113 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Bangkok’s new draws
      1221 8 / 9  -  The Central Embassy mall is the city’s most ambitious retail concept yet, with luxe stores as well as a brand new food court featuring regional cuisines. By Jaime By Jaime Ee jaime@sph.com.sg @JaimeEeBT SOME cities may need official tourist arrival figures to get an idea of whether
      PHOTOS: CENTRAL EMBASSY  -  1,221 words
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      Lock icon Thai eateries with street cred
      484 8 / 9 TRACKING down one street food stall or another requires the skill of a bloodhound and the tenacity of a hard-up foodie. Is it any wonder that sometimes you just give up and make yet another trek to the food court for your fix of pad
      PHOTOS: JAIME EE  -  484 words
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      93 8 / 9 uc Preserving Health and Longevity HEART, STROKE CANCER CENTRE Worried about l v f i r L eoo 0* Heart Attack? m i j CT Coronary Angiogram at $399 CALL (+65) 6881 8811 FOR YOUR APPOINTMENT TODAY The abovementioned price is not inclusive of CT IV contrast. Kindly present this
      93 words
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  • STYLE
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      Lock icon Beauty with a Pink purpose
      1267 10 / 11  -  Brands are getting more creative with attention-grabbing fund-raisers during this year’s Breast Cancer Awareness Month, but will they be accused of commodifying a good cause? By May Yip By May Yip HAVE you been seeing pink, with brands gearing up for their annual efforts for
      1,267 words
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      978 10 / 11 wine& dine with BTWeekend Marina Mandarin Singapore 6 Raffles Boulevard Experience Singapore at Marina Mandarin Enjoy the amazing sights and sounds of Marina Bay when you stay at Marina Mandarin Singapore. The hotel is conveniently located within walking distance to attractions like Gardens by the Bay, Esplanade, The Merlion, Singapore
      978 words
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  • BT WINE CHALLENGE 2014
    • Article, Illustration
      Lock icon Winning whites from the Old World
      1312 12 / 13  -  Four dry whites from France and two sweet ones from Germany and Hungary round up the top 30. By Suzanne Brocklehurst By Suzanne Brocklehurst SURPRISINGLY, many wine consumers still dismiss white wine as inferior to red but by doing so they miss out on
      1,312 words
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      197 12 / 13 This is the last in a series of five articles featuring 30 wines shortlisted for The Business Times Wine Challenge 2014 CEOs’ Choice, in partnership with UBS. The wine awards is in its second year, and is the only one to reflect the palate of Singapore‘s business elite. Wines submitted
      197 words
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  • MOTORING
    • Article, Illustration
      Lock icon Captivating Captur
      578 14  -  The Renault Captur crossover surprises with its cool styling and good drive. By Samuel Ee By Samuel Ee samuelee@sph.com.sg RARELY has a Renault looked so refreshing. The Renault Captur is a crossover with cool styling and an extremely versatile interior. Based on the Clio platform, this high-riding hatchback
      578 words
    • Article, Illustration
      Lock icon Flying superlative
      639 15  -  The Bentley Flying Spur V8 has a smaller engine but the same high level of luxury as its massive turbocharged 6.0-litre sibling. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT MAY not be the first thing anyone discussing the merits of the latest Bentley is likely to broach
      639 words
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  • SPORTS
    • Article, Illustration
      Lock icon Doing what he does best
      1016 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent STILL a month shy of his 34th birthday, Michael Gregory Mizanin has already won championship titles at the WWE (formerly the World Wrestling Entertainment) on 12 different occasions and starred in three full-length feature movies. Better known
      1,016 words
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