The Business Times, 11 October 2014

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Microfilm: NL33268
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| OCTOBER 11-12, 2014 S$1.00 MCI (P) 052/08/2014 SjSl A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon Najib dishes out goodies to offset upcoming GST
    670 1  -  Budget holds out RM4.9B cash transfers to poor Malaysians, bonus to civil servants and automation grants to labour-heavy businesses By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S Prime Minister Najib Razak presented a mildly expansionary RM273.9 billion (S$107 billion) Budget 2015 to Parliament
    PHOTO: AFP  -  670 words
  • Article
    Lock icon S’pore steps up to ‘Smart Nation’ vision
    572 1  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE Republic is stepping up its efforts to realise its grand ambitions of becoming the world’s first smart nation. By end of 2015, you may be seeing video sensors in Little India for safety and security
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  • TOP STORIES
    • Article
      Lock icon GST exemption for some basic items
      528 2  -  Exercise will be largely revenue-neutral in early stages of implementation: S&P By Pauline Ng bt wo rl d @s p h .co m .sg in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak sought to assure on Friday that the 6 per cent goods and
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    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,223.87 (-35.38) HSTI FUTURES 3,221.00 (-36.00) HSIMSCI 363.79 (-4.28) HSIMSCI FUTURES 362.70 (-5.40) STOCKS Friday Change KL COMP 1,808.88 -20.85 NIKKEI 225 15,300.55 -178.38 HANG SENG 23,088.54 -445.99 SET 1,552.72 -7.89 JAKARTA 4,962.96 -30.92 MANILA 7,167.35 -34.54 KOSPI 1,940.92 -24.33 SHENZHEN B 973.84 -4.52 MUMBAI IND 26,297.38 -339.90
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.964 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.273 (US$/S$ per 1.606 2.044 EURO (US$/S$/€ 1.267 1.612 Foreign currency per US$ S$ YEN 108.10 84.90 RM 3.254 2.557 HK$ 7.759 6.097 BAHT 32.46 25.51 RUPIAH 12,211 9,595 RENMINBI 6.131 4.817 INDIAN RUPEE 61.19 48.08 A$ 1.146 0.901 NZ$ 1.279 1.005
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    • Article
      Lock icon Singapore startups urged to think global
      581 3  -  Baidu co-founder Ming Lei also says they should focus on becoming the market leader By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE startups were on Friday urged to “think, team and grow global” in order to succeed because the market here is just too small.
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    • Article
      Lock icon Apple Pay may just liven up mobile payment in S’pore
      706 3  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THAT Apple Pay has been heralded as a sparkling form of innovation does not speak as much to the cult of the brand (this time) as it points to the slow take-up of mobile
      706 words
    • Article
      Lock icon Local travel sector unfazed by Ebola so far
      788 4  -  But increasing reports of cases outside of West Africa could crimp forward bookings for the year-end holiday break By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore IT appears to be business as usual for the local travel industry this week even as isolated
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    • Article, Illustration
      Lock icon Towkays’ pick of 10 best wines unveiled
      610 4  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore IT HAS been an arduous process identifying the top 10 wines enjoyed by Singapore’s corporate leading lights for The Business Times Wine Challenge, in its second edition in 2014. After all the swirling, sipping and friendly
      PHOTO: ARTHUR LEE  -  610 words
    • Article, Illustration
      Lock icon Hong Kong protests hurting triads too
      1044 5 One gang member says business has been down 40% since street occupation started Bloomberg Hong Kong AS thousands of pro-democracy protesters thronged Hong Kong’s major retail and business districts, blocking roads and forcing shops to close, it wasn’t just legal establishments feeling the pain.
      Bloomberg; PHOTO: BLOOMBERG  -  1,044 words
    • Article, Illustration
      Lock icon Corp governance through humour, cartoons
      716 6  -  Mak Yuen Teen says upcoming book may be fun but serious message won’t be lost; ‘superhero’ sequel being planned By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore CORPORATE governance may be a weighty subject, but one of Singapore’s most vocal and prominent advocates of it believes there
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      53 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Companies 10-13 Markets Stats 14-15 Opinion 26-27 Crosswords 27 Wealth 28-30 Life Culture 31 LIVING Design L2-5 Style L6-7 Dining L8-11 Health L12-13 Motoring L14-15 Sports L16 Real Estate 16-18 Banking Finance 19 Energy Commodities 20 Technology 21 Consumer 22 Transport 23
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      185 3 Grow Your Investment Portfolio in 2015 Lessons From The Legends Don't miss your chances to learn the latest business and investment insights from leading authorities and gurus across Asia, New York and Europe. ASEAN Investment Business Outlook 2015 13th November 2014, Thursday Holiday Inn Singapore, Orchard City Centre t Q
      185 words
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      Lock icon Page 5 Advertisements Column 1
      22 5 The Oaks Cellars Shop Online P it-sAmsamy! single Malt Scotch Whisky Glenlivet Nadurra i Triumph 1991 www.oaks.com.sg Usual: SS135.Q0 Now: S$139.00 OAKS
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      39 5 savills AMBER S K Y E 'o PRIME LUXURY DISTRICT BESIDE AMBER TRAIN STATION FOREIGNER ELIGIBLE For Limited 1from $1,108 mil 2from $1,828 mil 01 3from $2,593 mil i Call: +65-8333 1686 Roy Lim roy.lim@savills.com.sg CEA Reg No. R*****1G
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      142 7 Win a trip for 2 to Sydney Fly ScootBiz and enjoy a 3-night stay and A$200 voucher for Chiswick Restaurant Five other readers will each get $100 in shopping vouchers from The Straits Times. For a chance to win Go to the Apple App Store or Google Play Download the
      142 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The uncommon everyman banker
      2119 8 / 9  -  Samuel Tsien, group CEO of OCBC Bank, is banking on the values and qualities of Everyman Sam to guide OCBC through the wake of the global financial crisis. By Kenneth Lim By Kenneth Lim kenlim@sph.com.sg @KennethLimBT ON paper he is Samuel Tsien, group chief executive of
      PHOTO: ARTHUR LEE  -  2,119 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Global infrastructure facility launched
      611 10  -  World Bank initiative to tap global expertise for ‘bankable’ infrastructure projects in developing world By Anthony Rowley btworld@sph.com.sg Washington THE World Bank Group has launched the Global Infrastructure Facility (GIF) a multi-insti-tution “platform” of public and private sector institutions with the aim of “unlocking billions of
      PHOTO: BLOOMBERG  -  611 words
    • Article
      Lock icon DBS Bank an advisory partner of GIF
      318 10  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore DBS Bank on Friday announced that it has joined the World Bank’s Global Infrastructure Facility (GIF) as an advisory partner. Launched on Thursday in Washington, the GIF aims to catalyse and mobilise pri-vate-sector investment in infrastructure projects
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    • Article, Illustration
      Lock icon Ezion takes a hit; Nomura says market worries misplaced
      324 10  -  HOT STOCK| By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore SHARES in offshore oil and gas stock Ezion Holdings plunged nine cents or 5.4 per cent to S$1.575, bringing its loss over the past three weeks to almost 18 per cent and taking
      Bloomberg; Source: Bloomberg  -  324 words
    • Article, Illustration
      Lock icon Proposed Reit reforms may turn out to be a win-win for all parties
      875 11  -  Smaller fees for sponsors seen compensated by a bigger pie as changes boost Reit market By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RESPONSE by analysts and the industry to the real estate investment trust (Reit) reforms proposed by
      Source: Bloomberg  -  875 words
    • Business briefing
      • Article
        Lock icon Hotel Royal buys The Baba House in Malacca
        51 11 HOTEL Royal Ltd is adding to its portfolio of hotels in Malaysia by acquiring The Baba House in Malacca for RM26.1 million (S$10.2 million), to be paid through internal funds and bank borrowings. The hotel has potential for capital appreciation, Hotel Royal
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      • Article
        Lock icon Kian Ho to buy two Sophia Rd properties
        59 11 KIAN Ho Bearings in its effort to expand the scope of its bearings, seals and power transmission belts business is planning to buy two properties on Sophia Road for a total of S$15.27 million. Each has a lot area of 260 square
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    • Article
      Lock icon UniFiber auditor, directors differ on going-concern issue
      584 11  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore AN issue over the going-concern status of forestry and pulp firm United Fiber System (UniFiber), as well as its failure to provide for default interest, led the company’s auditor to refrain from expressing an opinion on its
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    • Article, Illustration
      Lock icon Stocks jolted by Wall Street’s plunges
      785 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT’S been a volatile week for world equity markets, starting with Wall Street where traders appear to be transitioning from a “bad news is good news’’ market to one where bad news really is bad news. Thursday’s
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    • Article
      Lock icon GAINERS
      79 12 BY CENTS CLOSE UP 52w high/low DBXT USDIGInfl US$ ***** 120.9 0.3 *****/***** DBXT AUDBonds AU$ ***** 74.4 0.3 *****/***** DBXT S&P Short US$ 2396 61.1 2.0 2858/2304 DBXT iBoxxSing SG$ ***** 12.0 0.1 *****/***** Ban Leong 36 10.0 38.5 36/16 BY PERCENTAGE CLOSE UP 52w high/low Ban Leong
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    • Article
      Lock icon LOSERS
      81 12 BY CENTS CLOSE UP 52w high/low SPDR S&P 500 US$ ***** -554.8 -2.2 *****/***** SPDR DJIA US$ ***** -464.5 -2.1 *****/***** DBXT AUDCS US$ ***** -404.7 -1.7 *****/***** DBXT AUDCS SG$ ***** -359.0 -1.5 *****/***** DBXT iBoxxSvEu US$ ***** -306.7 -0.9 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low DBS
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    • Article
      Lock icon MOST ACTIVE
      34 12 VOLUME IHC 61,625,000 Noble 51,902,000 APAC Strategic 49,988,000 Mirach Energy 37,047,000 MDR 26,648,000 Market volume 1,425,492,000 VALUE Keppel Corp 85,504,255 DBS Grp 69,586,955 Noble 65,913,460 SingTel 42,892,380 Ezion 29,209,775 Market value 973,025,000
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    • Article
      Lock icon Boustead unit bags 3 deals worth S$137m
      355 12  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore A WHOLLY owned subsidiary of Boustead Singapore has been awarded three design-and-build contracts, potentially totalling S$137 million, in the food, logistics and renewable energy industries in Singapore. Boustead Projects Pte Ltd, an industrial real estate solutions provider,
      355 words
    • Article
      Lock icon United Enviro takes 49% stake in Sichuan JV
      292 13  -  Partnership with Chengdu Xingrong By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore UNITED Envirotech continued to reap the reward of its new membrane-making business with a partial stake in an initial 1.5 billion yuan (S$300 million) project in western China, the water-treatment specialist said.
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    • Article
      Lock icon Chip Eng Seng’s S$150m notes issue well received
      178 13  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CONSTRUCTION and property group Chip Eng Seng Corporation has seen strong demand for its S$150 million fixed-rate notes, which are being issued under its S$500 million multi-currency debt-is-suance programme. The final order books stood at over
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    • Article
      Lock icon STI STOCKS
      305 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 221 -2 223/221 250 206 6.4 5584 CapitaLand 307 -5 308/305 348 268 15.4 2.6 *****.9 CapitaMall Trust 191.5 -1 192.5/191 209 180 5.4 6640.3 CityDev 929 -11 932/928 1118 860 12.6
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    • Article
      Lock icon SGX ETFs Most Active
      111 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MS SING US$ US130.8 -1.7 4160 130.8/130.8 140.1/119.3 130.7/131.1 6.5 Lyxor Asia US$ US494 -4 116 497/494 543/450 490/492 72.1 IS MS India US$ US735 -10 84 740/734 779/541 736/739 91.9 Lyxor CRBNonEny US$ US233
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    • Article
      Lock icon SIBOR
      31 14 Oct 10 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      783 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 6 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) ComfortDelgro 09-Oct-14 Sum Wai Fun Sell 120 2.52 240 0.02 120 0.01 GRP Ltd 08-Oct-14 Kwan Chee
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 11 5 0 0 0 0 11 5 Manufacturing 20 80 35 2 13 10 22 93 45 Commerce 13 34 17 2 8 5 15 42 22 Tpt/Stor/Comms 6 26 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,825 17,825 103,474 103,474 Manufacturing 210,783 48,301 259,084 103,241 4,192 107,433 Commerce 116,459 39,563 156,022 109,004 2,998 112,002 Tpt/Stor/Comms 96,694 2,660 99,354 130,789 482 131,271 Finance 46,195 190 46,385 145,152 38 145,189 Construction 54,704 23,288
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Oct 10 VALUE CLOSE BT OB/OS -693.00 -220.00 BT CADI -*****.00 -241.00 BT 10-day MA -*****.00 -69.00 FTSE ST Mid Cap 745.85 -8.57 FTSE ST Small Cap 519.83 -6.40 FTSE ST All Share 781.08 -8.71 FTSE ST China Top 189.35 -2.32 FTSE ST China 221.62 -2.79 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 14 VOL CLOSE($) CHANGE Ryobi Kiso 827.0 0.109 +0.006 +5.83 InnoPac 22,639.0 0.008 -0.002 -20.00 Logistics 420.0 0.295 +0.040 +15.69 AnnAik 106.0 0.101 -0.014 -12.17 Noel Gifts Intl 20.0 0.300 +0.035 +13.21 Techcomp 111.0 0.390 -0.040 -9.30 SunMoonFood 1,057.0 0.122 +0.016 +15.09 Pacific Radiance 4,108.0 1.140 -0.125 -9.88 Ban
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    • Article
      Lock icon COMMODITY FUTURES
      212 15 Oct-09 Price Net change change Last Trade Agricultural Oct-9 CBOT Soybeans (US cents/bu) 942.00 7.00 0.75% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.88 unch 0.00% 14/10/2014 CBOT Wheat (US cents/bu) 493.25 -14.50 -2.86% 12/12/2014 Oct-9 LIFFE Cocoa (£/tonne) 1983.00 5.00 0.25% 12/12/2014 LIFFE Coffee (US$/tonne) 2181.00 30.00 1.39%
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    • Article
      Lock icon PALM OIL
      53 15 Oct 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2209.0 848 Nov 14 2205.0 2196.0 2211.0 2176.0 3915 ***** Dec 14 2190.0 2182.0 2197.0 2158.0 ***** ***** Jan 15 2201.0 2191.0 2205.0 2170.0 8276 *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      63 15 Oct 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.06 5-Year N*****0H 1.625 01-Oct-19 100.64 100.70 100.65 10-Year NY*****H 3.000 01-Sep-24 105.97 106.10 106.10 15-Year NY*****E 2.875 01-Jul-29 102.11 102.80 102.80 20-Year NZ*****V 3.375 01-Sep-33 107.77 30-Year NA*****N
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Oct 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1100 1.1109 0.8723 0.8727 Canadian dollar 1.1346 1.1354 0.8920 0.8917 Euro 1.6116 1.6124 1.2665 1.2667 NZ dollar 0.9951 0.9958 0.7820 0.7823 Sterling pound 2.0435 2.0444 1.6059 1.6061
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 15
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      212 15 Most active Oct 10 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****6 10.8 -1.7 9381 0.2 1880 3 FTSECHINAA50 7600 MBeCW*****7 4.7 -1.1 4800 0.0 1 KepCorp MB eCW*****3 8.2 -1.2 4520 0.2 1100 9734.63 5
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 15 In local curr In S$ In US$ dy yr dy yr dy yr Oct 9 Index Change Change Change Change Change Change World Preliminary 1210.6 -0.8 2.2 -1.2 0.7 -0.6 0.1 EAFE Preliminary 935.5 -0.4 -2.2 -0.6 -6.2 0.0 -6.8 Europe Preliminary 1324.8 -0.5 -2.2
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      1399 13 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices S£ 1 Since 1971 CHINA MINZHONG FOOD CORPORATION LIMITED (Incorporated in Singapore) (Registration No. *****2715N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Casuarina Suite A, Level
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  • REAL ESTATE
    • Article
      Lock icon Mapletree Inv a top bidder for Aussie asset
      422 16  -  Reports say it’s in tussle with rivals for A$100m office block BY Lynette Khoo |ynkhoo@sph.com.sg @LynetteKhooBT Singapore IN what could be its first move in Australia, Mapletree Investments has emerged as a top contender for a near A$100 million (S$111 million) A-grade
      422 words
    • Article, Illustration
      Lock icon More than 100 Marina One units snapped up on Friday
      284 16 PROPERTY LAUNCH Singapore OVER 100 units were sold at Marina One Residences on Friday, taking total sales to more than 300 units. As of end-Friday, the developer M+S a joint venture between Khazanah Nasional and Temasek Holdings had released 372
      PHOTO: M+S PTE LTD  -  284 words
    • Article
      Lock icon Jurong EC Lake Life 2 1/2 times subscribed
      270 16  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE 546 units in Lake Life, an executive condominium (EC) in the Jurong Lake District, have been more than 21/2times subscribed, having received more than 1,380 applications in the week since the development’s launch. With e-applications
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    • Article, Illustration
      Lock icon Listed developers face hefty short-term debt
      1170 17 The 80 property firms on SGX have to pay S$23.5b within a year, amid record vacancies Bloomberg Singapore SINGAPORE’S listed developers and real-estate investment trusts (Reits) face their heaviest burden of near-term maturities on record just as home prices drop. In their latest filings
      Bloomberg; FILE PHOTO  -  1,170 words
    • Article
      Lock icon Househunt
      1051 18 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 27 AND SEPT 2, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Faber Crest Apt 28/08/2014 99 1776 1620 912 Faber Crest Apt 27/08/2014 99 1249
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon US opposing China’s answer to World Bank
      772 19 Washington sees the bank as a political tool for China to pull S-E Asian countries closer to its orbit NYT Beijing FOR almost a year, China has been pitching an idea to its neighbours in Asia: a big, internationally funded bank that would
      NYT; PHOTO: AFP  -  772 words
    • Article
      Lock icon Volatility stalks European investors
      262 19 Bloomberg Stockholm VALUATION, valuation, valuation. Investors in European initial public offerings are re-learning an old mantra as shares decline after sales that had high demand before they were priced, especially among technology companies. Rocket Internet AG and online retailer Zalando SE disappointed investors at the start
      Bloomberg  -  262 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      57 19 HOT PROPERTY FREEHOLD!! $986K! 3BDRM! Ascent 456 Mixed Devt Mins Orchard ZhongShan Fr $1431psf! FIRE SALE! THE Callista. 999yrs 1302sf. 3rm. St Andrew sch/ Boon Keng MRT Grab! THE ARTE GRAND penthouse FH. 4015 sqft 5+1. A1 view. MRT Orchard. neg. FREEHOLD APARMENTS FOR SALE Check this and many other
      57 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Venezuela ordered to pay Exxon US$1.6b
      188 20 AFP New York A WORLD Bank arbitration panel on Thursday ruled that the Venezuelan government must pay ExxonMobil US$1.6 billion to compensate for taking control of the US firm’s heavy-oil project in the country. A three-member arbitration panel for the Washing-ton-based International Centre For
      AFP  -  188 words
    • Article
      Lock icon China brings back coal import tariffs
      466 20 Move to support money-losing domestic miners will hurt Australian producers Bloomberg Sydney CHINA, the world’s biggest coal consumer, is piling on the pain for Australian producers by ratcheting up import barriers. China will re-introduce import tariffs in its latest effort to support mon-ey-losing domestic
      Bloomberg  -  466 words
    • Article
      Lock icon Jakarta to miss 1m bpd output target
      296 20 Bloomberg Jakarta INDONESIA, once the biggest oil producer in South-east Asia, is giving up on its target of restoring output to one million barrels per day (bpd) even as operations begin at the Cepu block in Central Java. New projects will add little
      Bloomberg  -  296 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      19 20 www.omy.sg r m m Q fHTMiirR showbiz.omy.sg Download omy Apps mm omy Showbiz ios a pp store Google Play
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      Lock icon Page 20 Advertisements Column 2
      44 20 Llanhe Zaobao 1 m$s. 21 Jffi «3E 0 tt 1 This S'porean businesswoman has been active in the China market for 21 years This S'porean businesswoman has been active in the China market for 21 years To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      44 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Hackers move from dark basements to world stage
      758 21 They have caused havoc and made news in recent years AFP San Francisco HACKERS are shaking off their reputations as nerdy, loner basement dwellers and rebranding themselves on the world stage as members of Internet age tribes with offbeat codes of conduct
      AFP; PHOTO: AFP  -  758 words
    • Article
      Lock icon Govts, corporations vie to control Internet as US stops overseeing it
      697 21 AFP San Francisco AS the United States steps back from overseeing the group entrusted to essentially run the Internet, states and corporations are grabbing for the reins. The Internet Corporation for Assigned Names and Numbers (Icann) has gone from
      AFP  -  697 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Amazon to open physical store in Manhattan?
      799 22 The word is that it will use the 12th-storey building for offices and a distribution centre. Amazon is keeping mum NYT New York AMAZON is taking over an entire building in New York City’s 34th Street, across from the Empire State Building, say
      NYT; PHOTO: REUTERS  -  799 words
    • Article, Illustration
      Lock icon Boom time for online market in pre-owned luxury goods
      509 22 Bloomberg Paris TWO years ago, Marie Green, a San Diego fashion stylist, was running out of closet space. She was spending US$12,000-20,000 a year on high-end clothing, handbags, and shoes but couldn’t wear it all. Then she discovered The RealReal, an
      Bloomberg  -  509 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon LaGuardia airline cleaners on strike over Ebola risks
      611 23 They say there’s inadequate protection for those cleaning vomit and bathrooms Reuters New York ABOUT 200 airline cabin cleaners walked off the job at New York’s LaGuardia Airport on Thursday to protest what they say is insufficient protection from exposure to Ebola
      Reuters; PHOTO: AFP  -  611 words
    • Article, Illustration
      Lock icon Ford hopes new plants will boost China sales
      383 23 Reuters Shanghai FORD Motor Co said on Friday it expects to boost sales in China once new assembly facilities come online and new vehicles hit showrooms in coming months, after posting its first dip in China monthly sales this year. The US
      Reuters; PHOTO: BLOOMBERG  -  383 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Europhobe UK party wins its first seat in parliament
      649 24 UKIP’s win piles pressure on Labour chief, whose party is only narrowly ahead in polls AFP Clacton-on-sea, UK BRITAIN’S anti-European Union (EU) UK Independence Party (UKIP) won its first seat in the House of Commons on Friday, sending jitters through Prime
      AFP; PHOTO: AFP  -  649 words
    • Article
      Lock icon Merkel woos Li for Chinese economic tonic
      692 24 Bloomberg Berlin CHINESE Premier Li Keqiang is visiting Germany at the right time as Chancellor Angela Merkel seeks to boost exports outside Europe while the euro-area economy flounders. On his second trip to the German capital since taking office in March 2013, Mr
      Bloomberg  -  692 words
    • Article, Illustration
      Lock icon China’s GDP to grow 7.5% in 2014: HSBC
      556 25 Chinese exporters focus on domestic market amid declining overseas orders Xinhua Beijing THOUGH some economic indicators point to slower third-quarter growth for the Chinese economy, banking giant HSBC has stuck to its forecast of 7.5 per cent GDP (gross domestic product) growth
      Xinhua; PHOTO: AFP  -  556 words
    • Article
      Lock icon Cheaper oil, strong dollar push import prices lower
      150 25 LATEST US DATA Reuters Washington US IMPORT prices fell in September for the third straight month as the cost of petroleum products declined and a strong US dollar made it cheaper for Americans to buy goods from the EU. The Labour Department
      Reuters  -  150 words
    • Article
      Lock icon Russia’s currency interventions cross US$3b
      649 25 Bloomberg Moscow RUSSIA’S currency interventions have exceeded US$3 billion this month as sanctions and an oil-price slump batter the ruble, boosting bets that policymakers will raise interest rates to stem the drop. The central bank sold US$1.5 billion on Oct 8, according to data on
      Bloomberg  -  649 words
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  • OPINION
    • Article, Illustration
      Lock icon Celebrate progress – restore its popularity
      1851 26 / 27  - Celebrate progress restore its popularity We must start telling stories again that don’t confuse pessimism with sophistication or, conversely, demand that optimism be naive. By Virginia Postrel By Virginia Postrel Bloomberg View AS A KINDERGARTEN student a half century ago, I read the same book over and over again, nearly
      Bloomberg View; FILE PHOTO  -  1,851 words
  • Page 26 / 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 / 27 Miscellaneous Column 1
      319 26 / 27 SATURDAY with Ludwig We appreciate the big round of applause but that was just my ringtone.’ CRYPTIC CROSSWORD Across 6 Patient’s protracted agony (4-9) 8 Man’s great upset before reaching hospital (6) 9 Cry aloud for one in shellfish’s grip (8) 10 Regularly sourced raw material (3) 11 You should
      319 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Investors caught off-guard in surprise bond rally
        1068 28 / 29  -  Most affected were investors who expected September’s losses to spell the start of the long-awaited bear market in bonds. By Matt Robinson By Matt Robinson Bloomberg WHAT a difference a month makes in the bond market. After suffering their first losing month this
        Bloomberg; PHOTO: BLOOMBERG  -  1,068 words
      • BROKERS’ TAKE
        • Article
          Lock icon Neptune Orient Lines
          204 28 / 29 Hold OCBC Investment Research Oct 10 Close: S$0.88 Target price: S$0.90 WE recently met up with Neptune Orient Lines (NOL) and noted that operational efficiency continues to be the key focus going forward for its liner segment, mainly through its fleet renewal programme. Overall, we expect fleet
          204 words
        • Article
          Lock icon Noble Group
          95 28 / 29 Buy Jefferies Oct 9 Close: S$1.265 Target price: S$1.80 WE raise our target price for Noble given the completion of its agri spin-off. We believe this spin-off is a game-changer for Noble’s business model as: 1) It will highlight the high ROEs (returns on equities) of the energy/MMO
          95 words
        • Article
          Lock icon Sector: Singapore Reits
          149 28 / 29  -  By Kenneth Lim Market Weight UOB Kay Hian Oct 10 THE Monetary Authority (MAS) unveiled new pro-investor proposals that will enhance the attractiveness of Singapore Reits. Although the proposed fee changes could affect fee income of large sponsors such as ARA Asset Management, CapitaLand and the Mapletree
          149 words
      • Article, Illustration
        Lock icon Benefits and limitations of diversification
        811 30  -  In view of the current environment, investors should take a long-term approach and should be vigilant on risks Matthew Colebrook The writer is head of retail banking and wealth management at HSBC Singapore ASSET-CLASS performance so far in 2014 contrasts with performance in 2013 and
        PHOTO: AFP  -  811 words
    • LIFE & CULTURE
      • Article, Illustration
        Lock icon Nadella sets off furore over women’s pay
        860 31 Microsoft CEO implies at conference women should avoid asking for a pay raise NYT New York IF you are a man speaking at a conference celebrating women in computing, it is probably all right to flatter the largely female audience members by telling
        NYT; PHOTO: BLOOMBERG  -  860 words
      • Article, Illustration
        Lock icon Warhol’s screen sirens, socialites may sell for US$57 million
        492 31 Bloomberg New York ANDY Warhol’s Liz, Jackie and Judy may help Sotheby’s sell as much as US$57 million of his celebrity portraits at its bellwether auctions next month in New York. A rarely seen silkscreen of actress Elizabeth Taylor by the
        Bloomberg; PHOTO: BLOOMBERG  -  492 words
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      172 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENIA, A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE ENVIRONMENT A RARE SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE 1875, THE HOME OF AUDEMARS
      172 words
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      61 1 LivingBTTHE BUSINESS TIMES WEEKEND OCT 11-12, 2014 MAKING THE CUT This year’s Red Dot Award for Design Concept winners define good design. SHOPPING In-house glamour L6-7 DINING Chijmes a’ changing L8-10 L2-5 GUEST CHEF Laughter on the menu L11 MOTORING 3 times a cabriolet L14 HEALTH State-of -the-art healthcare L12-13
      61 words
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  • DESIGN
    • Article, Illustration
      Lock icon MAKING THE CUT
      2000 2 / 3  -  Creative, useful, and marketable this year’s Red Dot Award for Design Concept winners define good design. By Tay Suan Chiang By Tay Suan Chiang HOW does the future look? Promising, if the winning entries from this year’s Red Dot Award for Design Concept become a reality. Among
      2,000 words
    • Article, Illustration
      Lock icon Winning designs around the world
      710 4 / 5 The Copenhagen Wheel Ever cycled up a slope and found yourself wishing you had some help? The Copenhagen Wheel may be the solution. The Wheel is a standalone unit that can be installed on nearly any bicycle, immediately turning it into a smart electric hybrid
      710 words
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  • STYLE
    • Article, Illustration
      Lock icon In-house glamour
      1052 6 / 7  -  Online fashion stores are banking on private labels to bump up profits and offer greater variety to savvy shoppers. By May Yip THE concept of an in-store label is not new: Homegrown department stores such as Tangs, Metro and Robinsons have been selling products created by their own
      1,052 words
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  • DINING
    • Article, Illustration
      Lock icon Chijmes’s a-changing
      1374 8 / 9  -  The 160-year-old former convent school turned lifestyle destination sports a fresh look with a wide array of restaurants, bars and cafes to draw diners. By Tiong Li Cheng By Tiong Li Cheng WHEN you’re 160 years old, sometimes just one facelift isn’t enough. That’s why Chijmes the former
      PHOTOS BY YEN MENG JIIN; PHOTO OF INTERIOR OF EL MERO MERO BY YEN MENG JIIN  -  1,374 words
    • Article, Illustration
      Lock icon Laughter on the menu
      1339 11  -  Debbie Yong sheds light on Teppei Yamashita, the chef-comedian behind Singapore’s hottest Japanese restaurant guest chef Debbie Yong debyong@sph.com.sg @DebbieYongBT BOOKINGS for this restaurant open only once every three months and seats are snapped up within the halfhour. No, it is not Noma it is not
      1,339 words
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      952 10 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 Flyer,
      952 words
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  • HEALTH
    • Article, Illustration
      Lock icon Ergonomics for hospitals
      1601 12 / 13  -  Singapore’s newest hospitals are using design and technology to fundamentally change the way patients receive treatment and care. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg SINGAPORE’S newly built hospitals are changing the way we think of hospitals. From hotel standard fittings and single-bed wards to landscaped gardens
      1,601 words
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      85 12 / 13 i r HEART, STROKE CANCER CENTRE Preserving Health and Longevity v Worried about Heart Attack? 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 during your visit. HEART, STROKE CANCER CENTRE 290 Orchard
      85 words
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  • MOTORING
    • Article, Illustration
      Lock icon 3 TIMES A CABRIOLET
      622 14  -  The new Audi A3 Cabriolet is better in three important areas design, rigidity and driveability. By Samuel Ee samuelee@sph.com.sg I T’S longer, sleeker and, most importantly, stiffer. The Audi A3 Cabriolet is now based on the Audi A3 Sedan and retains its fabric roof for that
      622 words
    • Article, Illustration
      Lock icon C is for classic
      716 15  -  The C180 may be the entry-level C-Class but it is still the classic Mercedes-Benz. By Samuel Ee samuelee@sph.com.sg THE new Mercedes-Benz C180 has the distinction of being Merc’s cheapest rear-wheel-driven model but there is nothing dubious about that. This is because the latest C-Class is not
      716 words
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  • SPORTS
    • Article, Illustration
      Lock icon The Kallang Roar beckons for Brazil and Japan
      515 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent I CAN feel my heart racing just thinking about the big football match between five-time World Cup winners Brazil and Asian champions Japan at the new National Stadium on Tuesday. The 6.45pm kick-off on
      515 words
    • Article
      Lock icon Sumitomo Mitsui bank’s match treat
      360 16  -  Japanese bank buys tickets for staff, makes match day Family Day so all can attend By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN it was first announced two months ago that Japan would face Brazil in a glamour friendly match here, the management of Sumitomo Mitsui
      360 words
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