The Business Times, 15 October 2014

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Microfilm: NL33268
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 15
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  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 3,194.40 -7.75 KL COMP 1,796.38 -0.82 NIKKEI 225 14,936.51 -364.04 HANG SENG 23,047.97 -95.41 SHENZHEN B 958.33 -6.21 DOW(noon EDT) 16,437.43 +116.36
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  • Article, Illustration
    Lock icon DAILY DIGEST
    230 1 Ebola is the hot topic on wall Street. One study estimates the potential economic drain from the epidemic at US$32.6 billion by the end of 2015. TOP STORIES 2 The proposed Reit reforms announced by MAS largely positive, but with risks, say Moody’s and Fitch Ratings. COMPANIES MARKETS
    230 words
  • Article, Illustration
    Lock icon S’pore pays price of restructuring on inflation and growth fronts
    727 1  -  Some economists lower full-year growth projections as Q3 expansion comes in flat at 2.4%; MAS keeps monetary policy unchanged By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE high price Singapore is paying for restructuring is coming to the fore, with the
    Source: Department of Statistics, Ministry of Trade and Industry; BT Graphics: Teh Shi Ning, Jonathan Goh  -  727 words
  • Article
    Lock icon Luxury car dealers unleash promotional blitz
    539 1  -  But not all brands believe in such sales tactics By Samuel Ee samuelee@sph.com.sg Singapore CAR dealers are pulling out all the stops in lavishing freebies on potential car buyers though not all customers are turned on by what some describe as just sales “gimmicks”.
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      411 1 *****4 REITS Need to beef up governance to win wider acceptance and investors’ confidence E-COMMERCE LOGISTICS HUB SingPost to open S$182m e-commerce logistics hub SMALLER FLATS Median size of new sales continues to shrinkREAL ESTATE 4 TOP STORIES 5 WEALTHY LIFESTYLE Living the high life proves less costly: report EXECUTIVE
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  • TOP STORIES
    • Article, Illustration
      Lock icon Q3 GDP performance uneven across sectors
      576 2  -  Manufacturing rebounds but construction contracts for a second consecutive quarter, advance estimates show By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’s economic sectors turned in a mixed performance in the third quarter of 2014, with manufacturing staging a turnaround, services growing at a much slower
      Source: Ministry of Trade and Industry; BT Graphics: Teh Shi Ning, Jonathan Goh  -  576 words
    • Article, Illustration
      Lock icon Counting Ebola’s costs: the math isn’t pretty
      637 2 NYT New York THE topic everyone on Wall Street is discussing urgently but quietly isn’t the volatile stock market. It is Ebola. While thousands of health care workers try to control the deadly virus in West Africa and the Centers for Disease Control
      NYT; PHOTO: REUTERS  -  637 words
    • Article, Illustration
      Lock icon Median size of new sales continues to shrink in H1
      1223 4  -  Different picture emerges in CBRE’s study on resale deals, with median unit size remaining at about 1,200 sq ft since 2007 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore WHILE the median size of new private apartments and condos sold by developers
      Source: CBRE Research, URA  -  1,223 words
    • Article, Illustration
      Lock icon SingPost to open S$182m e-commerce logistics hub in 2016
      622 5  -  Tampines property to house sorting and warehousing functions, allows SingPost to host brands By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGPOST will open a S$182 million e-commerce logistics hub in Tampines in 2016 in line with efforts to further develop the business
      622 words
    • Article
      Lock icon Last hurrah in the year expected to prop up Malaysia’s Bursa
      494 5  -  AffinHwang Capital has made the case for a “buy” on the country’s bourse By Pauline Ng btworld@sph.com.sg Kuala Lumpur AMPLE domestic liquidity and win-dow-dressing activities in the last quarter are expected to shore up Malaysia’s benchmark index, notwithstanding the
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      132 2 BTA BuildTech Asia 2014 s International Building Technology Expo Key Activities at a Glance A part of it) SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 U H 9 A H r Ip] (fl r 14 -16 October 2014 Singapore EXPO Halls 3 4 MAX Atria I iill min S \A ■m Y
      132 words
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  • Page 3 Advertisements
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      28 3 SINCERE FINE WATCHES Takashimaya S.C. Ngee Ann City +65 6733 0618 Scotts Square +65 6636 0600 SINCERE HAUTE HORLOGERIE The Shopping Gallery at the Hilton +65 6738 9971
      28 words
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      234 4 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements ft ft THE 9TH ASIA APPAREL AND TEXTILE MACHINERY EXHIBITION INNOVATION PRODUCTIVITY SUSTAINABILITY MMA-/FX2m Make a date with AAMA-TEX 2014 OiV£ Key Event Highlights Exhibits from more than 150 companies of 25 countries regions Concurrent
      234 words
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  • Page 5 Advertisements
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      44 5 Here for innovators You are driven. Creating runway successes. Seizing opportunities. One boutique becomes two. Two a global empire. With the bank you can depend on. That’s good for your international aspirations. Here for good v sc.com/hereforgood I n ft Standard Cg Chartered >• ■ML
      44 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Planned Reit changes seen positive overall
      494 6  -  But rating agencies Moody’s and Fitch also draw attention to some risks By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CREDIT agencies Moody’s and Fitch Ratings, weighing in on the impact of the Monetary Authority of Singapore’s (MAS) proposed Reit reforms announced last week, called the
      494 words
    • Article
      Lock icon Cordlife sets up S$500m issuance programme
      267 6  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore CORDLIFE Group Ltd has set up a S$500 million multicurrency debt issuance programme, the group said on Tuesday. The net proceeds from the issue of securities will be used for Cordlife’s general corporate purposes, the group said. This
      267 words
    • Article
      Lock icon Investment tips? Answers in your fridge
      597 6  -  MARKET VIEW Reports by Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Hong Kong BUY large-capitalisation, dividendpaying stocks. Do not try to time the market. And if you are afraid of interest rate rises affecting bond valuations, go for high-yield and flexible “unconstrained” bond funds. Rob Kapito, president
      597 words
    • Article
      Lock icon Global fund raises cash levels
      313 6 THE BlackRock Global Allocation fund, with US$23 billion under management, has been selling US equities and raising its cash levels. US equity allocations have been cut from 32 per cent of the portfolio at the start of the year to 22 per cent today. Various
      313 words
    • Article
      Lock icon Sembmarine’s US$696m deal seen as timely
      955 7  -  Low oil prices and sluggish contract wins behind stock’s recent retreat By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SEMBCORP Marine’s announcement of a new contract secured this week could not have come at a better time as the rigbuilder’s stock has been taking a beating
      955 words
    • Article
      Lock icon Net equity outflow in Asia-Pac in Sept amid jitters
      401 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore JITTERS in the geopolitical environment are causing investors to move money out of equities and into government bonds and precious metals. Among the market risks are the rise of jihadist extremists in the Middle East,
      401 words
    • Article
      Lock icon PICTET
      270 7 Pictet-Absl Rtn Fxd Inc-HP EUR 09/10/2014 EUR 103,62 Pictet-Absl Rtn Glo Div-P EUR 09/10/2014 EUR 116,05 Pictet-Asian Equities Ex Japan-P USD 08/10/2014 USD 191,11 Pictet-Asian Local Currency Debt-P USD 10/10/2014 USD 147,84 Pictet-Biotech-P USD 09/10/2014 USD 599,96 Pictet-Clean Energy-P USD 09/10/2014 USD 80,31 Pictet-Digital Communication-P USD 09/10/2014 USD 205,82
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    • Article, Illustration
      Lock icon Two eye surgeons, one vision
      798 8  -  Catalist-bound ISEC Healthcare aims for presence in pan-Asian region, besides expansion in Singapore and Malaysia By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore ISEC Healthcare is set to become the first medical eye care service provider to be listed on the Singapore Exchange (SGX), following the launch
      PHOTO: ARTHUR LEE  -  798 words
    • Article
      Lock icon Top Global’s minority shareholders okay acquisition of Suryamas
      574 8  -  EGM WATCH By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE minority shareholders of Singa-pore-listed real estate firm Top Global finally approved on Tuesday the proposed acquisition of PT Suryamas Dutamakmur Tbk, an Indonesianbased property developer in which Top Global’s majority shareholders have
      574 words
    • Article, Illustration
      Lock icon Valuetronics hit by earnings worries?
      369 8  -  HOT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore THE stock of electronics company Valuetronics Holdings on Tuesday collapsed six cents, or 15.8 per cent, to 32 Singapore cents on heavy volume of 26.3 million shares, an apparent casualty of concerns over its future earnings. Some
      Source: Bloomberg  -  369 words
    • Article, Illustration
      Lock icon Support list grows as more step forward
      515 8 CORPORATE GOVERNANCE Singapore THE Securities Investors Association (Singapore) is holding the 5 th Singapore Corporate Governance Week 2014 from Oct 27 to 31. CG Week has received endorsement and support from the Accounting and Corporate Regulatory Authority (Acra) and the Singapore Accountancy Commission
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    • Article
      Lock icon Mid-to large caps still up on year despite recent woes
      378 8  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE stocks of all sizes have been struggling over the past few months, although returns from mid- and large-cap stocks are still positive compared to a year ago. UOB KayHian head of research Andrew
      378 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times index Oct 14,2014 3,194.40 -7.75 (-0.24%) Current streak 2 days Day high 3,211.66 Day low 3,191.05 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) ftse ST Catalist index Oct 14,2014 804.94 -8.14 (-1.00%) Current streak 2 days Day high 813.86 Day low
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    • Article, Illustration
      Lock icon S’pore market hits six-month low
      764 10  -  STI saw third straight fall following Wall Street’s overnight plunge, a weak HK session and a poor Europe opening TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday recorded its third consecutive loss and fifth in six sessions when it fell
      Source: Bloomberg  -  764 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 220 unch 222/219 250 206 6.5 5558.7 CapitaLand 302 -1 308/301 348 268 15.1 2.6 *****.3 CapitaMall Trust 189.5 unch 191/188.5 209 180 5.4 6571 CityDev 920 +4 925/915 1118 860 12.5
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    • Article
      Lock icon MOST ACTIVE
      38 10 CX5 BlIRffM-ie APAC Stmt'Julc ItIC '.riiVinj oa.VjOkDOCl S3.3Sc.OOD 38,615.000 HpM hlisl U2D Mlfdth tdeiCT OOS am 33,cOO,COO 33.557,000 7‘-r». i,5W 557,00 50,705.527 SfllKTBl i-.eppel Corr.> 50.3Sfc.210 4J. 1 /<>.(<» UOl) 39.SSfc.04S ocuc Bank 35,018.230 Vtcmci vrJuc 95l.7iW.000
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    • Article
      Lock icon SGX ETFs
      106 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US741 274 741/737 779/541 737/741 92.6 STI ETF 324 256 325/323 343/298 323/324 Nikko AM STI ETF 329 -1 190 331/328 345/300 328/329 7.9 IS Asia BND US US1051 -4 142 1051/1051
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Oct 14 VALUE CLOSE BT OB/OS -995.00 -91.00 BT CADI -*****.00 -115.00 BT 10-day MA -*****.00 -99.00 FTSE ST Mid Cap 740.16 -0.77 FTSE ST Small Cap 511.12 -2.27 FTSE ST All Share 773.73 -1.81 FTSE ST China Top 186.22 -0.86 FTSE ST China 219.30 +0.04 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 14,2014 773.73 -1.81 (-0.23%) Current streak 2 days Day high 777.78 Day low 773.10 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Oct 13,2014 1,755.84 +6.87 (+0.39%) Current streak 1 day Day high 1,763.81 Day low 1,742.44 52-week high 1,995.49 (July 3, 2014) 52-week low 1,748.97 (OCt 10, 2014)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 4 0 0 0 2 9 4 Manufacturing 37 62 27 7 10 5 44 72 32 Commerce 13 22 23 1 10 3 14 32 26 Tpt/Stor/Comms 8 21 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,189 19,189 74,844 74,844 Manufacturing 255,281 40,808 296,089 132,359 3,104 135,463 Commerce 96,523 44,279 140,802 78,189 2,523 80,713 Tpt/Stor/Comms 106,781 3,653 110,434 153,356 625 153,982 Finance 19,748 52 19,800 142,895 10 142,905 Construction 62,281 27,677
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    • Article
      Lock icon GAINERS
      77 10 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 150.2 0.6 *****/***** DBXT AUDCS SG$ ***** 102.0 0.4 *****/***** DBXT AUDCS US$ ***** 64.9 0.3 *****/***** GLD US$ ***** 56.0 0.4 *****/***** DBXT AUDBonds AU$ ***** 51.0 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Ntegrator W*****3 1
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    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** -578.0 -2.4 *****/***** SPDR DJIA US$ ***** -146.4 -0.7 *****/***** DBXT MSJAP US$ 4335 -70.0 -1.3 4814/4260 DBXT MSUSA US$ 4747 -57.3 -0.9 5076/4303 DBXT MSEurope US$ 5494 -47.1 -0.7 6492/5494 BY PERCENTAGE CLOSE DOWN 52w high/low VardHldgsMBeCW15 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE Suntar Eco-City 409.0 0.068 +0.018 +36.00 Koh Eco 108.0 0.078 +0.022 +39.29 Yong Xin Intl 100.0 0.012 -0.008 -40.00 EcoWise 16,393.0 0.070 -0.014 -16.67 OGL Resources A$ 8.0 0.010 -0.005 -33.33 Valuetronics 26,296.0 0.320 -0.060 -15.79 Elektromotive 9,922.0 0.011 +0.002 +22.22 Union Steel 92.0 0.121
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    • BROKERS’ TAKE
      • Article
        Lock icon Trek 2000 International
        124 10 Buy Oct 14 close: S$0.425 Target price: S$0.61 DMG Partners Research, Oct 14 We initiate coverage on Trek with “buy” and a S$0.61 TP (target price), based on a 16x FY2015F P/E (price/earnings (ratio) which results in a 49 per cent upside. Trek has managed to boost
        124 words
      • Article
        Lock icon SPH Reit
        304 10  -  Compiled by Joyce Hooi Hold Oct 14 close: S$1.065 Fair value: S$0.99 OCBC Investment Research, Oct 14 SPH Reit’s Q4 FY2014 (ended August 2014) income distributable to unit holders was S$34.9 million, which translates to a DPU (distribution per unit) of 1.39 Singapore cents. This was 6.1 per
        304 words
      • Article
        Lock icon CALENDAR
        16 10 DATA I 8.30 am Singapore Retail Sales Index I 9.30 am China Consumer Price Index
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    • Article
      Lock icon Dollar steadies, euro slides after data surprises
      394 11 TT CURRENCIES REUTERS London THE euro handed back almost all the previous day’s 1-per-cent rise against the dollar on Tuesday after unexpectedly sharp declines in industrial output and investor morale underlined economic frailty and falling prices. The single currency dropped by a whole
      REUTERS  -  394 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Oct 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 5.363 0.689 6.793 53.536 106.835 0.939 9.326 2.858 1.113 90.066 39.231 1.115 9.693 0.833 26.643 28.434 0.546 0.876 Canada 1.016 5.451
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        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Oct 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1146 1.1162 0.8754 0.8760 Canadian dollar 1.1331 1.1341 0.8901 0.8900 Euro 1.6170 1.6187 1.2700 1.2704 NZ dollar 1.0018 1.0028 0.7868 0.7870 Sterling pound 2.0431 2.0450 1.6047 1.6049
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Oct 14 S$ Bid Offer 1-month 1.2732 1.2742 2-months 1.2732 1.2742 3-months 1.2732 1.2743 6-months 1.2731 1.2742 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
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        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        215 11 Most active Oct 14 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.4 unch ***** 1 1 27 2.75 34 DBS MB eCW*****6 9 0.5 9855 0.2 1880 3 KepCorp MB eCW*****3 7.9 0.1 5770 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 13 Index Change Change Change Change Change Change World Preliminary 1185.2 -0.2 0.1 -0.2 -1.4 0.0 -2.1 EAFE Preliminary 921.3 0.0 -3.7 0.2 -7.6 0.4 -8.3 Europe Preliminary 1305.3 0.1 -3.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        374 11 Oct 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.87 *****.90 *****.71 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Mar15 *****.00 *****.00 *****.00 *****.00 15 263 MSCI TAIWAN INDEX FUTURES SPOT 317.15 320.99 317.01 Oct14 317.70 320.40 317.40 319.50 ***** *****4 Nov14 318.00
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Oct 14 $S Offer Bid 0vernight 0.10 0.06 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.08 US$ 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
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      • Article
        Lock icon SIBOR
        36 11 Oct 14 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 11 Oct 14 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-19 100.9 100.95 100.95 10-Year NY*****H 3.000 01-Sep-24 106.43 106.60 106.50 15-Year NY*****E 2.875 01-Jul-29 102.81 20-Year NZ*****V 3.375 01-Sep-33 108.69 109.10 109.03 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 11 Oct-13 Price Net change change Last Trade Agricultural Oct-13 CBOT Soybeans (US cents/bu) 945.25 22.75 2.47% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.88 0.60 1.86% 14/10/2014 CBOT Wheat (US cents/bu) 505.25 6.75 1.35% 12/12/2014 Oct-13 LIFFE Cocoa (£/tonne) 1998.00 -55.00 -2.68% 12/12/2014 LIFFE Coffee (US$/tonne) 2169.00 10.00 0.46%
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      • Article
        Lock icon PALM OIL
        53 11 OCt 14 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2193.0 848 Nov 14 2188.0 2180.0 2198.0 2174.0 1945 ***** Dec 14 2174.0 2163.0 2185.0 2155.0 ***** ***** Jan 15 2183.0 2174.0 2190.0 2162.0 9725 *****
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      110 words
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      Lock icon Page 6 Advertisements Column 2
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      383 words
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      272 8 InvestorRelationsHighlights Ezra Holdings Ltd finalised triple contract signings with Noble Energy worth more than US$300 million EMAS AMC, the subsea division of Ezra Holdings Ltd, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that it has finalised three contracts
      272 words
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      800 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon SRX flash estimate shows uptick in condo resale in Sept
      818 12  -  SRX flash figures also show that the rental market for non-landed homes softened By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE latest flash estimates from SRX Property shows that 468 non-landed private homes were transacted in the resale market in September,
      PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  818 words
    • Article
      Lock icon Seven in 10 new private condos sold in H1 at under S$1.25m
      550 12  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A STUDY by CBRE has showed that 71.7 per cent of new sales of private apartments and condos in the first half of this year had price tags of below S$ 1.25
      550 words
    • Article
      Lock icon Productivity and capability fund gets S$55m boost
      536 13  -  Worksite productivity improves but still short of government’s target SINGAPORE CONSTRUCTION By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore PRODUCTIVITY in Singapore’s construction sector has been improving, but it is still not up to a par with what the government has in mind. To
      536 words
    • Article, Illustration
      Lock icon Temasek-Penang project seeks global names as tenants
      420 13  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE upcoming mixed-use development in Penang by Temasek and Penang Development Corporation (PDC) is targeting international companies as tenants in a bid to bolster Penang’s role as a major business process outsourcing (BPO) hub. The Economic Development
      420 words
    • Article
      Lock icon CDL leads the pack in large-scale use of prefab tech
      250 13  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore CITY Developments Limited (CDL) has become the first developer in Asia to use prefabricated prefinished volumetric construction (PPVC) in the building of a large-scale residential development, it said on Tuesday. In the use of
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      719 12 A special feature brought to you by “Location, location, location!” That used to be the battle cry of retailers and businesses all clamouring to get the best location that would ensure the most traffic to their business. GIVE BUSINESS PROSPECTS WHAT THEY WANT: ENGAGING, EMOTIONAL AND EDUCATIONAL CONTENT! Today, the
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      361 13 SMU EXECUTIVE DEVELOPMENT SMU Executive Development enables executives to be “Future Ready–Now”, equipping them with the knowledge, skills and confidence that managers and leaders operating in Asia and globally require today and will be increasingly relevant tomorrow. Our portfolio of programmes empowers you to make key decisions in a context
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  • BANKING & FINANCE
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      Lock icon Too-big-to-fail banks facing capital gap of US$870b: report
      775 14 BLOOMBERG London TOO big to fail is likely to prove a costly epithet for the world’s biggest banks as regulators demand they increase debt securities to cover losses should they collapse. The shortfall facing lenders from JPMorgan Chase Co to HSBC Holdings
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      Lock icon Aussie banks shrug off warnings on mortgages
      696 14 Lending to property investors at a high in frothy market, prompting central bank to flag possible regulation REUTERS Sydney FROTHINESS in Australia’s property market has triggered central bank warnings of regulatory steps to rein in loans to investors, but the nation’s banks are
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      Lock icon Stiffer securities financing rule in G-20
      389 14 REUTERS London GLOBAL regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in “shadow banking”. Securities financing is typically short-term money-rais-ing transactions between banks and other financial
      REUTERS  -  389 words
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      1000 14 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF TRANS MARITIME PTE. LTD. Co. Reg. No. *****1317H (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a
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      31 14 i/v/V $1.8 MILLION Estimated Draw on Thu, 16 Oct 2014 at 6.30pm For details, visit www.singaporepools.com.sg p V(i) Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G
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      5 14 r MSrAiM® C*!B www.omy.sg sl^wbiz^i^gg
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      2751 16 SIN HENG HEAVY MACHINERY LIMITED (Incorporated in the Republic of Singapore on 30 March 1981) (Company Registration No. *****1305R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Third Annual General Meeting of Sin Heng Heavy Machinery Limited (the “Company”) will be held at Raffles Marina, No. 10,
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      2808 16 Sp Parkson PARKSON RETAIL ASIA LIMITED Company Registration No. 201 *****6H (Incorporated In Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Parkson Retail Asia Limited ("the Company”) will be held at the Ritz-Carlton Millenia Singapore, Level 3, Garden Room, 7 Raffles Avenue.
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  • ENERGY & COMMODITIES
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      Lock icon IEA cuts demand forecast for oil, sees more price fall
      701 17 It says staggering increase in supplies was a bigger factor behind the fall of crude prices and rise of stockbuilding AFP Paris GLOBAL demand for oil is still weighed heavily by weak economic growth, and this together with a supply
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      Lock icon After selling unit to Glencore, Italian firm on comeback trail
      460 17 Family-owned Pacorini calls back two former execs to revive its metals business REUTERS New York PACORINI, the Italian family-owned soft commodities storage firm that sold its metals warehousing business to Glencore three years ago, is making a comeback. It is
      REUTERS  -  460 words
    • Article
      Lock icon FAO sees rice crop shrinking on weather, Thai changes
      407 17 BLOOMBERG Bangkok GLOBAL rice production will shrink after weak rains in India and the end of a subsidy programme in Thailand hurt supplies from the biggest exporters, according to the Food and Agriculture Organization (FAO). Worldwide output of milled grain will
      BLOOMBERG  -  407 words
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      754 17 A Special Feature Presented by SMU Executive Development Building Executive Performance SMU’s Steve Wyatt explains how SMU supports Executive Development As Chief Learning Officers partner more closely with business units, they are seeking to directly enhance on-the-job performance of the executives participating in development programmes. Learning and development professionals spend
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  • TECHNOLOGY
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      Lock icon T-Mobile, Iliad deal unravels
      756 18 Iliad SA is the third suitor to scrap takeover offer; T-Mobile CEO John Legere not perturbed BLOOMBERG New York THE PRESSURE is on Mr John Legere to keep T-Mobile US on the comeback trail after a third suitor walked away in as many years. Iliad SA
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      Lock icon Boot camps for coding teach a trade for the digital age
      772 19 Graduates quickly find well-paying jobs after attending the camps, which are devoted to creating software developers NYT San Francisco A NEW educational institution, the coding boot camp, is quietly emerging as the vocational school for the digital age, devoted
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    • Article
      Lock icon Internet caretaker ICANN to escape US control next year
      634 19 AFP San Francisco THE head of the private agency entrusted with running the Internet has said that the group is on course to break free of US oversight late next year. Internet Corporation for Assigned Names and Numbers (ICANN) chief Fadi
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      3461 18 The Business Times Ik ~T I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg I V i www.sphclass.com.sg/notices /ARM/4RQA GROUP ARMARDA GROUP LIMITED (Registration No.: *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Armarda Group
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      239 19 M OR H CIO Or CXO HONOUR The Only Unbiased Endorsement Platform for Infocomm Media (ICM) Vendors www.cxohonour.com A BIG THANK YOU TO SINGAPORE'S CIO COMMUNITY FOR THE OVERWHELMING ENDORSEMENTS SUPPORT AND CONGRATULATIONS TO ALL THE WINNERS OF THE INAUGURAL CIO HONOUR AWARDS SINGAPORE 2014. IDeotion EdgeAsia Supporting Partner a.
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  • CONSUMER
    • Article
      Lock icon Brazil bets on flip-flops, Olympic mascot for sales of 1b reals
      580 20 Licensing deals with firms to produce and sell 12,000 games-related products, more than for any previous Olympics BLOOMBERG Rio de Janeiro ORGANISERS of the 2016 Olympic Games in Rio de Janeiro are banking on the popularity of flip-flops and
      BLOOMBERG  -  580 words
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      Lock icon Top Glove’s shares fall 1.4% on weak Q4 results
      464 20  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur SHARES of Top Glove Corp, the world’s largest maker of rubber gloves by volume, tumbled 1.4 per cent on Tuesday after the company reported weaker fourth-quarter results largely due to higher natural gas prices. In
      PHOTO: BLOOMBERG  -  464 words
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      Lock icon Money grows on trees in China’s walnut farms
      764 20 AFP Laishui, China GRINNING with pride, a Chinese farmer held out two precious walnuts globes so precisely symmetrical that consumers in search of hand massages value them more highly than gold. “Prices have skyrocketed,” said Li Zhanhua, standing in the shade of
      AFP; PHOTO: AFP  -  764 words
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      240 20 gms MONDAY R °!s°s rf apP etlS n Uab \e tor three TUESDAY NIPPON NIGHT Featuring Japanese street food such as oden and chicken karaage accompanied with 2-hour free flow of Kirin beer. DELIGHTS 'oinner highlights shabu-shabu, sushi, and the signature roasted wagyu beet. For reservations, please call 6831 6288
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  • TRANSPORT
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      Lock icon Airport’s T1 carpark to close from Oct 17-21
      385 21  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE open-air carpark in Changi Airport’s Terminal 1 will be closed from Oct 17 till Oct 21 in a dry run before work commences on the site that will eventually become the airport’s showcase lifestyle destination,
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    • Article
      Lock icon BMW official limousine for BNP’s WTA Finals
      397 21  -  Forty 730Li and 520i cars will shuttle top players and other VIP guests during the event By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN Maria Sharapova, Serena Williams or any of the other top women’s tennis players need to move about during their stay
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    • Article
      Lock icon Heathrow slot shortage hits Virgin’s expansion plans
      321 21 BLOOMBERG Dallas RICHARD Branson, founder of Virgin Atlantic Airways, said that a shortage of operating slots at London’s Heathrow airport is so acute that it’s holding back the airline’s expansion. The limits on slots available at the carrier’s hub mean that Virgin Atlantic
      BLOOMBERG  -  321 words
    • Article
      Lock icon False alarms on US flights over Ebola fears
      730 21 Crew, passengers take any little symptom of illness as a sign of the disease BLOOMBERG Atlanta THE arrival of the Ebola virus in the United States is stirring anxiety across the airline industry as flight crews and passengers fret that a fever
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    • Article
      Lock icon DryShips taps loans to close funding gap after bond fiasco
      690 23 BLOOMBERG New York DRYSHIPS Inc, the drybulk carrier that faces a potential funding shortfall as US$700 million of debt comes due in less than two months, is seeking a bank loan after a bond sale fell through over the weekend.
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      Lock icon Bunker industry faces tough decisions ahead
      740 23 Major changes afoot affecting marine fuel, as the 18th Sibcon gets underway in Singapore this week TTSTRAIT TALK BY DAVID HUGHES IT is often said, by their organisers, that particular conferences are being held at critical points in changing times. That is often just
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    • Article
      Lock icon Airlines need tougher rules to stop battery fires, says ICAO advisory group
      320 23 REUTERS New York AN advisory panel has recommended tightening restrictions on bulk shipments of lithium batteries via commercial airplanes, after a fiery crash that pointed to the risks of the volatile batteries on board aircraft. The group, which
      REUTERS  -  320 words
    • Article
      Lock icon Seattle and Tacoma ports join hands to take on Canada
      281 23 BLOOMBERG Vancouver THE ports of Seattle and Tacoma, Washington, said they will unify management of marine cargo terminals amid heightened competition from Canadian gateways. The alliance will oversee investments, operations, planning and marketing at cargo terminals, the ports said in
      BLOOMBERG  -  281 words
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      242 21 Wine, Dine 9 w ...A Aw ---s V* v.# s K. art Crustacean Pleasures Succumb to your crustacean cravings with Maine Lobster, Rock Lobster, Slipper Lobster, Alaskan Crat and Spanner Oral expertly prepared to showcase the natural flavours of these oceanic treasures, in addition to fresh seafood on ice including
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      357 22 Stay Ahead In Style with The Business Times THE BUSINESS TIMES THE BUSINESS’I IMES X. THE BUSINESS TIMES may curb 2014 growth Subscribe to The Business Times ALL-IN-ONE package and receive gifts worth more than $700! 28.65 /month Ermenegildo Zegna Ermenegildo Zegna Tie 100% pure silk tie worth $310 (LIMITED
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      371 23 Organised Managed by: CONFERENCE CONNECTION '20 th 1 9 9 c 2 Hosted by: GOVERNMENT OF FUJAIRAH The Premier Gulf/Middle East Event for the World Bunker Market Held Under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al Sharqi Member of the UAE Supreme Council Ruler of Fujairah THE
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  • OPINION
    • Article
      Lock icon Governance of dual-class firms should remain at a high level
      507 24 THE legislative doors have opened for dual-class shares to be listed in Singapore eventually. Regulators who are now hammering out the fine print will have to look beyond the common share and take a creative and comprehensive approach. EDITORIAL Whatever
      507 words
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      Lock icon Progress is not a straight line
      714 24  -  TT THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington PROGRESS has lately gotten a bad rap, because there seems to be so little of it. Violence wracks the Middle East; economies are sputtering; Ebola strikes fear. But if you step
      THE WASHINGTON POST WRITERS GROUP  -  714 words
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      Lock icon The case for managing Reits internally
      1629 24  -  MAS’ proposed enhancements of Singapore’s Reit sector are timely, but the sector needs to beef up governance to win wider acceptance and investors’ confidence. BY BOBBY JAYARAMAN confidence.BY BOBBY JAYARAMAN T The writer is a private investor and author of ‘Building Wealth Through Reits’
      FILE PHOTO  -  1,629 words
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      Lock icon Getting to grips with the era of ‘the new mediocre’
      827 25  -  By Anthony Rowley Washington FINANCE ministers and central bankers converging on Washington for last weekend’s annual meetings of the International Monetary Fund (IMF) and World Bank were confronted with a paradox: why were they having to worry about the prospect
      827 words
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      Lock icon Singapore’s CEOs largely ignore benefits of becoming more ‘social'
      539 25  - Singapore’s CEOs largely ignore benefits of becoming more social' By Leela Pandit T The writer is a senior director at FTI Consulting Singapore WHILE recent research tells us that “social” CEOs are still relatively rare with just 32 per cent of Fortune500 CEOs being active on some form of social
      539 words
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      Lock icon Washington faces geopolitical and geoeconomic challenges
      1357 25  -  China has overtaken America to be the world’s biggest economy, while the White House continues to be preoccupied, if not obsessed, with the mess in the Middle East. BY LEON HADAR BY LEON HADAR Washington THE news that China has toppled America to become
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  • GOVERNMENT & ECONOMY
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      Lock icon Ireland to phase out tax break favouring MNCs
      623 26 Loophole will be closed to new entrants from January while firms already enjoying the shelter can continue to do so until 2020 BLOOMBERG Dublin IRELAND’S government will phase out a tax shelter used by US companies from Google to LinkedIn Corp, amid
      BLOOMBERG; PHOTO: BLOOMBERG  -  623 words
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      Lock icon Police tear down barricades to reopen major road
      701 26 HK PROTEST REUTERS Hong Kong HUNDREDS of Hong Kong police used sledgehammers and chainsaws on Tuesday to tear down barricades erected by pro-democracy protesters near government offices and the financial centre, reopening a major road for the first time in two weeks.
      REUTERS; PHOTO: AFP  -  701 words
    • Article
      Lock icon European companies paying price for Ukraine crisis
      380 26 Business is sacrificed by Europe and Russia, says lobby group BLOOMBERG MOSCOW EUROPEAN business interests in Russia are being hurt badly over Ukraine, according to Philippe Pegorier, chairman of the Association of European Business lobby group in Moscow. “The European business community is
      BLOOMBERG  -  380 words
    • Article
      Lock icon N Korea shows Kim with cane in first sighting in weeks
      442 26 BLOOMBERG Seoul NORTH Korean leader Kim Jong Un made his first public appearance in six weeks, walking with a cane during a visit to a new residential block as he ended a period of seclusion that prompted speculation about
      BLOOMBERG  -  442 words
    • Article
      Lock icon India’s Sept wholesale inflation falls near 5-year low
      462 26 REUTERS New Delhi INDIA’S wholesale price inflation eased to a near five-year low in September, helped by a moderation in food and fuel prices, but the risk of price shocks is expected to prevent the central bank from cutting interest rates soon.
      REUTERS  -  462 words
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      Lock icon Kuroda: Better for central banks to stagger their normalisation moves
      763 27  -  Kuroda: If biggest 4 pull out from unconventional policy at the same time, emerging markets will be in difficulty By Anthony Rowley Tokyo BANK of Japan governor Haruhiko Kuroda has defended what he has called the “non-synchronised” conduct of monetary
      PHOTO: REUTERS  -  763 words
    • Article
      Lock icon Invest A$15m for Aussie PR status
      298 27 AFP Sydney AUSTRALIA said on Tuesday it would introduce a “premium investor visa” to give immigrants permanent residency after a year if they invest A$ 15 million (S$16.7 million) in the country. The visa, available from next July, builds on the Significant Investor programme
      AFP  -  298 words
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      Lock icon Investors shifting focus in emerging markets
      871 28 They look to economies benefiting from a stronger US while avoiding those dependent on a weakening China REUTERS London INVESTORS are rethinking their exposure to emerging markets, focusing on countries likely to weather lean times with manufacturing exports to the United States while avoiding
      REUTERS  -  871 words
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      Lock icon German investor confidence drops on possible recession
      648 28 ZEW index slides to minus 3.6 in October, the worst level in nearly two years BLOOMBERG Zurich GERMAN investor confidence fell to the weakest level in almost two years in the latest sign that the economy is struggling to find its footing even
      BLOOMBERG; PHOTO: BLOOMBERG  -  648 words
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      Lock icon Euro ministers ‘not amused’ by Greek plan to cut aid line
      400 28 BLOOMBERG Athens EURO area finance ministers expressed doubts about Greece’s plan to exit its rescue programme early, highlighting a clash between Greek political priorities and European economic preferences. “We are skeptical about this,” Austrian Finance Minister Hans Joerg Schelling
      BLOOMBERG; PHOTO: REUTERS  -  400 words
    • Article
      Lock icon Eurozone industrial output falls sharply in August
      315 28 AFP Brussels INDUSTRIAL output in the eurozone fell by 1.8 per cent in August, official data showed on Tuesday, a steep drop and another sign that recession in the 18-nation currency bloc could return. The fall in factory output data was a reverse
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    • Article
      Lock icon Longest A$ bond shows belief in budget amid deficit
      489 28 BLOOMBERG Singapore INVESTORS in Australian debt will probably give a vote of confidence to efforts to repair the nation’s finances as the government sells its longest bond. Wednesday’s sale of the 2037 note comes after Bank of America Merrill Lynch warned
      BLOOMBERG  -  489 words
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      93 26 PabienbCare Asia 2014 2nd Annual PCA 10-12 November 2014 Suntec Singapore Convention Exhibition Centre www.patientcareasia.com Event Highlights Network with 250+ healthcare leaders and practitioners Learn from 10 case studies from top hospitals across Asia Opening keynote by Randall Carter, Senior Vice President of Planetree, United States Special rates* for healthcare
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      46 27 GREAT MUSIC. GREAT FUN. TRUE CLASS. iSS 92 FM 1 N IN THE MORNING ’(‘jJ'i’/gvio'.j.; c *4 W.l'J i #.< 7. r iV)*c V i-'i/ WEEKDAYS 6-10 AM Wjfib J& v i\* wj« ‘Vv M &*X‘'; S» Download on the ANDROID APR ON ®kiss92fm www.kiss92.sg AppStore play
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  • Article
    Lock icon Shipping times
    1864 29 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville KMTC Mumbai 1402E 23 Sep 07 Oct 24 Oct 27 Oct 30 Oct 01 Nov 04 Nov 05 Nov 07 Nov 10 Nov 10 Nov 14 Nov
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      188 29 C a il a n E n n o r e J e d d a h B r Shanghai■ Chittagong i s b a n e H o n g Ho Chi Minh J e b e lA K o n g NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE
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      117 30 Shipping lines Can they seeking reliable find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 I I IL U\JJ INLJJ I IIVILJ Shipping to Announce Your Corporate Development rW il VVk Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds,
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon It ain’t just any old whisky, y’hear?
      957 31 Pappy Van Winkle’s aged bourbon can’t keep up with consumer demand WP Washington HUNTING season nears, not only for wild game but the rarer prey of domestic small-batch whisky. In a matter of weeks, the frenzied search for that most American of spirits
      WP; PHOTO: NYT  -  957 words
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      Lock icon Sublime Neymar nets four to rip Japan apart
      274 31  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT HE came, he saw, and oh how he conquered the Blue Samurai with such consummate ease. Brazilian striker Neymar samba-ed his way into a packed National Stadium at the Singapore Sports Hub on Tuesday and promptly sliced
      PHOTO: REUTERS  -  274 words
    • Article, Illustration
      Lock icon Christie’s sells £47m of artwork in London
      313 31 BLOOMBERG New York CHRISTIE’S sold £46.9 million (S$96 million) of postwar and contemporary art at the start of Frieze week in London, as a Gerhard Richter estimated at as much as £10 million failed to find a buyer at the auction. Richter’s Netz
      BLOOMBERG; PHOTO: REUTERS  -  313 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      340 31 CRYPTIC CROSSWORD Across 1 Cover regularly left on fish (6) 5 Trained cadet due for review (8) 9 Turned tail during one-time Tory leader’s diatribe (8) 10 Technology used in commercial vehicle reversing after test (6) 11 Short tea breaks for the current controller (8) 12 Feels the absence of
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      185 32 Wherever business takes you in Africa, we’ll fly you there With 22 destinations, Emirates takes care of all your business travel needs in Africa. And when you travel Emirates Business Class, we’ll take care of all your other needs too from complimentary Chauffeur-drive service to multi-course gourmet meals. Algiers Tunis
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      695 33 «1RE3“ f RAlLftdADS BROADCASTING PPRAREL ENERGY^ MERCHANDISE RESTAURANTS INSURANCE rn I AEROSPACE I I SPORTING CAPTURE THE US MARKET WITH A SINGLE BEVERAGES HIM A L... APPLIANCES PIIMMlNIV>C HEALTH CARE *31 ENTERTAINMENT A RETAIL M EDIi AIRLINESj leisure UTILITIES J sms*- D07 The S&P 500® and Dow Jones Industrial Average
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Rare deflation for the high life in 2014: report
      988 34  -  The Julius Baer Lifestyle Index of high net worth individuals fell 5 per cent the first recorded fall since 2011. BY GENEVIEVE CUA BY GENEVIEVE CUA gen@sph.com.sg @GencuaBT THE cost of a wealthy lifestyle just became more affordable. The latest edition
      Source: Bank of China, Julius Baer  -  988 words
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      Lock icon Asian investors need to keep eurozone enthusiasm in check
      1000 32  -  With ECB monetary easing under way, they should prefer neutral stance on equities and stay negative on euro vs dollar. BY MARK HAEFELE TT MONEY MATTERS dollar.BY MARK HAEFELE The writer is global chief investment officer at UBS Wealth Management IN
      PHOTO: AFP  -  1,000 words
    • Article
      Lock icon Sizing up Pimco, after Bill Gross
      804 32 NYT New York EVENTS at Pimco this year have resembled a soap opera, but at this point, the spectacle is creating a real-life headache for retirement savers. The Pimco Total Return bond fund, managed by William H Gross from its inception in 1987 through
      NYT  -  804 words
    • Article
      Lock icon Hard sciences back in favour with VCs
      707 33 NYT New York VESTARON makes an eco-friendly pesticide derived from spider venom. Bagaveev uses 3-D printers to make rocket engines for nanosatellites. Transatomic Power is developing a next-generation reactor that runs on nuclear waste. They all have one thing in common: money from
      NYT  -  707 words
    • Article
      Lock icon More buys than sells in Reits
      469 33 TT ON THE RADAR GLOBAL mutual funds were net buyers of Singapore-listed real estate investment trusts (Reits) in the three months to Oct 10. In aggregate, funds bought S$84.2 million worth of the top five Reits in terms of net buy values, compared to
      469 words
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      22 34 ON THE RADAR More buys than sells in Reits 33 MONEY MATTERS Asian investors need to keep eurozone enthusiasm in check 32
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