The Business Times, 18 October 2014

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Microfilm: NL33269
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g GOCTOBER 18-19, 2014 S$1.00 MCI (P) 052/08/2014
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  • Article
    Lock icon SIA rescues bleeding Tigerair after shock S$182.4m Q2 loss
    1001 1  -  Budget carrier to become subsidiary; Aussie joint venture sold to Virgin for A$1 By Angela Tan angelat@sph.com.sg Singapore INGAPORE Airlines (SIA) has come to the rescue of Tiger Airways again this time with hard cash. The national carrier will be injecting
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  • Article
    Lock icon Shake-up ahead for car loans?
    564 1  -  By Samuel Ee samuelee@sph.com.sg Singapore CITIBANK is upending the traditional vehicle financing model here by pre-qualifying customers for car loans thus bypassing the motor industry, which could lose millions of dollars in finance commissions if this practice is eventually adopted by other banks. Under the
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      40 1 www. usinesstimes.com. g GOCTOBER 18-19, 2014 S$1.00 MCI (P) 052/08/2014 MOTORING BMW 4 Series Gran Coupe L14 OPINION Pride, not prejudice, in HK stand 26-27 the raffles conversation DIRECTOR OF NUS’S CENTRE FOR BIOMEDICAL ETHICS 8-9 LIVING Gourmet grocers L2-5
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  • TOP STORIES
    • Article, Illustration
      Lock icon Weak Sept exports put GDP forecast at risk
      638 2  -  NODX eased from 6.0% to 0.9% growth, slower than expected By Chuang Peck Ming peckming@sph.com.sg Singapore AFTER a strong comeback in August, Singapore’s non-oil domestic exports (NODX) failed to follow through in September. And the slowdown was worse than expected, leading some
      Source: IE Singapore  -  638 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,167.73 (+13.52) GSTI FUTURES 3,165.00 (+14.00) GSIMSCI 356.73 (+1.21) GSIMSCI FUTURES 356.00 (+1.70) Friday Change KL COMP 1,788.31 +20.54 NIKKEI 225 14,532.51 -205.87 HANG SENG 23,023.21 +122.27 SET 1,528.71 +2.56 JAKARTA 5,028.95 +77.33 MANILA 7,003.22 -25.36 KOSPI 1,900.66 -18.17 SHENZHEN B 967.22 +3.12 MUMBAI IND 26,108.53 +109.19 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 15.031 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.273 (US$/S$ per 1.607 2.046 EURO (US$/S$/€ 1.279 1.628 Foreign currency per US$ S$ YEN 106.40 83.60 RM 3.278 2.575 HK$ 7.757 6.095 BAHT 32.39 25.45 RUPIAH 12,135 9,534 RENMINBI 6.125 4.812 INDIAN RUPEE 61.55 48.35 A$ 1.140 0.896 NZ$ 1.258 0.988
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    • Article
      Lock icon France, Italy’s challenge to German austerity demands causing turmoil
      830 4  -  Bankers, economists also pleading with the conservative Germans to let the ECB pump more money into the system By Neil Behrmann btworld@sph.com.sg London THE big question facing the shaky eurozone populace is whether the French and Italian rebellion against German austerity
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    • Article
      Lock icon EU-S’pore FTA talks fully concluded
      376 4  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore WITH the conclusion of talks over investment protection, Singapore and the European Union (EU) have now wrapped up negotiations for the entire EU-Singa-pore free trade agreement (FTA), the Ministry of Trade and Industry (MTI) said on Friday. The
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    • Article
      Lock icon S’pore investors drooling over dim sum bonds
      742 6  -  Their participation rate in offshore CNY deals this year hits 35-59% OFFSHORE YUAN BONDS By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE investors are diving enthusiastically into dim sum bonds, a rapidly expanding asset class driven by the Chinese government intent on internationalising
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    • Article
      Lock icon UK first foreign country to issue dim sum bonds
      819 6 IFR London THE United Kingdom this week became the first foreign country to issue offshore renminbi bonds, with a smoothly executed offering that reflected the Chinese currency’s growing global appeal and London’s efforts to become the world’s trading hub. The RMB3
      IFR  -  819 words
    • Article, Illustration
      Lock icon Apple chief’s task now is to make them buy
      955 7 Refreshed iPads and Mac computers are unveiled, joining the latest iPhone 6 models in Apple’s stable of latest toys Bloomberg San Francisco APPLE Inc’s chief executive officer Tim Cook is ready to tackle the holiday season with a full product array,
      Bloomberg; PHOTO: BLOOMBERG  -  955 words
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      102 2 CONTENTS Crosswords 27 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-12 Markets Stats 14-15 Real Estate 16-17 Banking Finance 18 Energy Commodities 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-5 Travel L6-7 Design L8-9, 12 Home Garden
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      33 3 NamCheong tv CONGRATULATION ON THE AHTS NCASoE 6^.8m AHTS 8oT BP Diesel Electric 17 October 20m r n 1 > 1 m M WARMEST WISHES FROM MACGREGOR (D5M3Q.1I? Qffa. PumpAuip engineering pte ltd www.namcheong.com.my
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      112 4 HOST ELECTRICAL PTE. LTD. (Incorporated in the Republic of Singapore) Company Registration No: *****4060W LOSS OF SHARE CERTIFICATES NOTICE is hereby given that the following Share Certificates have been reported lost, mislaid or destroyed: Name of Shareholders Certificate No. No. of Share Ho Soo Thin 1 1 Yu Chin Ga
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      30 5 6 NamCheong CONGRATULATION ON THE AHTS NCASoE 6^.8m AHTS 8oT BP Diesel Electric 17 October 20m r n 1 11 1 WARMEST WISHES FROM Wuhu Xinlian Shipbuilding Co,. Ltd www.namcheong.com.my
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      91 7 FOR SALE BY EXPRESSION OF INTEREST SINGLE UNIT IN PRUDENTIAL TOWER Grade-A quality specification Ideal for Owner Occupation or Investment Covered access to Raffles Place and Telok Ayer MRT Spacious car drop off point Further enhancement to double-storey height modern lobby Column-free regular floor plate Ample car-parking provision with 181
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Instilling ethical values
      2694 8 / 9  -  Professor Alastair Campbell, director of NUS’s Centre for Biomedical Ethics, tells Anna Teo why turning out morally conscious doctors is key Anna Teo anna@sph.com.sg PROSPECTIVE doctors in Singapore at least undergraduates at the National University of Singapore’s Yong Loo Lin School of Medicine couldn’t ask for a
      PHOTO: ARTHUR LEE  -  2,694 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon CapitaMall Trust’s Q3 DPU up 6.2%
      346 10  -  Distributable income rises 5.6% to S$93.7m; net property income up 3.3% to S$114m By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore CAPITAMALL Trust (CMT) saw a 6.2 per cent year-on-year rise in its distribution per unit (DPU) to 2.72 Singapore cents for its third quarter ended
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    • Article
      Lock icon Keppel T&T’s Q3 net surges 31.2%
      263 10  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore STRONG topline growth at Keppel Telecommunications Transportation (Keppel T&T) pushed its third-quarter profit 31.2 per cent higher to S$18.5 million. Revenue for the same period stood at S$53.7 million, up 29.5 per cent from the same period a
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    • Article
      Lock icon Orders in pipeline for Nam Cheong’s AHTS
      301 10  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore NAM Cheong has secured letters of intent for a combination of the sale and charter of 12 anchor-handling tug supply (AHTS) vessels worth about US$186 million. The letters of intent for the new-ly-launched NCA80E vessels come from
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    • Article
      Lock icon TT Int’l JV to get up to US$50m
      246 10  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore TT International’s wholly owned subsidiary, Omni Capital Pte Ltd, will get funds of up to US$50 million in the latter’s jointventure firm, Omni Centre Pte Ltd. Standard Chartered Private Equity Limited, the other joint-venture partner, will
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    • Article
      Lock icon Bankers to charge for time, advice in the future?
      579 11  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore TOP private bankers at a conference in Singapore on Friday presaged that in a decade, executing a trade would be free for private-banking clients, but that bankers will be billing for their advice like lawyers
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    • Article, Illustration
      Lock icon Wong Heang Fine quits CapitaLand
      317 12 His departure follows the exit of group deputy CEO Olivier Lim in June and CMA CEO Lim Beng Chee in September ANOTHER senior executive is leaving CapitaLand. The group has confirmed the departure of Wong Heang Fine, CEO, CapitaLand Singapore (Residential), at the end of
      PHOTO: ARTHUR LEE  -  317 words
    • Article
      Lock icon First Reit posts record Q3 DPU of 2.02 S’pore cents
      287 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore FIRST Real Estate Investment Trust (First Reit) has posted a record distribution per unit (DPU) of 2.02 Singapore cents for the third quarter ended September. This is a 3.1 per cent year-on-year increase, on
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    • Article
      Lock icon GAINERS
      76 12 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 302.9 1.3 *****/***** Lyxor Indonesia US$ 8819 201.1 1.8 9636/6957 Jardine C&C 4080 113.0 2.8 4901/3330 DBXT AUDCS US$ ***** 103.1 0.4 *****/***** DBXT AUDCS SG$ ***** 100.0 0.4 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Cedar Strategic 0.2
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    • Article
      Lock icon LOSERS
      77 12 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** -413.6 -1.7 *****/***** DBXT iBoxxUSTr US$ ***** -160.4 -0.6 *****/***** DBXT iBoxxSvEu US$ ***** -128.5 -0.4 *****/***** DBXT USDIGIfl US$ ***** -73.8 -0.2 *****/***** Lyxor AsiaIT US$ 3485 -68.7 -1.5 3993/3300 BY PERCENTAGE CLOSE DOWN 52w high/low Linair Tech
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    • Article
      Lock icon MOST ACTIVE
      37 12 VOLUME IHC 62,269,000 APAC Strategic 39,731,000 Golden Agri-Res 36,825,000 Mirach Energy 33,053,000 Genting Sing 32,579,000 Market volume 1,479,677,000 VALUE Keppel Corp 126,461,030 SingTel 71,723,644 DBS Grp 61,786,494 UOB 40,556,298 OCBC Bank 40,087,790 Market value 1,154,513,000
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    • Business briefing
      • Article
        Lock icon SPH appoints independent director
        77 12 SINGAPORE Press Holdings (SPH) has appointed Janet Ang Guat Har as an independent director to its board. Ms Ang has been the managing director of IBM Singapore since July 2011. She sits on the boards of the Public Utilities Board and the InfoComm Development Authority. She
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      • Article
        Lock icon Distribution rate of 5% a year for Ascott Reit securities
        106 12 ASCOTT Residence Trust (Ascott Reit) has priced its debut S$150 million perpetual securities with a fixed distribution rate of 5 per cent per annum. The first distribution rate reset falls on Oct 27, 2019, and subsequent resets will occur every
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      • Article
        Lock icon Some calls to M1’s hotline re-routed due to glitch
        149 12 A TECHNICAL glitch at M1 on Friday saw some calls to the telco’s hotline re-routed to the police’s emergency hotline, instead. M1 said that during preparation works to support its 4G voice’s emergency call feature, a “flawed configuration file” had incorrectly
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    • Article
      Lock icon STI STOCKS
      306 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 unch 226/221 250 206 6.4 5659.8 CapitaLand 296 -2 300/295 348 268 14.8 2.7 ***** CapitaMall Trust 191.5 -1 193/191.5 209 180 5.4 6640.3 CityDev 931 +7 937/923 1118 860 12.6
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    • Article
      Lock icon SGX ETFs Most Active
      107 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 321 +2 143 321/319 343/298 320/321 IS MS India US$ US722 -2 79 722/716 779/541 722/725 90.3 Lyxor CRBNonEny US$ US236 49 236/236 261/228 235/238 25.3 UETF SSE50China 154 -1 42 155/153 165/140 153/154
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    • Article
      Lock icon SIBOR
      29 14 Oct 17 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 2 mths Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      768 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 13 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) GSH Corp 16-Oct-14 Goi Seng Hui Buy 2199 0.08 *****13 47.13 *****12 47.15 Pacific Radiance 16-Oct-14 Mok
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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 8 3 4 0 0 0 8 3 4 Manufacturing 59 36 28 7 10 12 66 46 40 Commerce 25 13 17 10 1 3 35 14 20 Tpt/Stor/Comms 20 11 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 26,845 26,845 165,139 165,139 Manufacturing 221,194 42,350 263,544 124,432 5,219 129,651 Commerce 79,743 42,948 122,691 108,378 2,552 110,930 Tpt/Stor/Comms 101,030 4,081 105,111 150,328 711 151,039 Finance 30,806 59 30,865 159,375 13 159,388 Construction 27,866 22,653
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Oct 17 VALUE CLOSE BT OB/OS -1113.00 +257.00 BT CADI -*****.00 +130.00 BT 10-day MA -*****.00 -111.00 FTSE ST Mid Cap 731.12 +3.55 FTSE ST Small Cap 503.42 +5.95 FTSE ST All Share 766.44 +3.73 FTSE ST China Top 184.14 +1.80 FTSE ST China 217.54 +1.84 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 14 VOL CLOSE($) CHANGE Linair Tech 205.0 0.015 -0.017 -53.13 Natural Cool 486.0 0.135 -0.028 -17.18 Plastoform 9,905.0 0.011 +0.002 +22.22 RH PetroGas 29,413.0 0.590 +0.085 +16.83 Hoe Leong 210.0 0.121 -0.013 -9.70 Abterra 244.0 0.670 +0.040 +6.35 Cedar Strategic 3,801.0 0.002 +0.001 +100.00 Luxking 50.0 0.022 -0.003 -12.00
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    • Article
      Lock icon COMMODITY FUTURES
      212 15 Oct-16 Price Net change change Last Trade Agricultural Oct-16 CBOT Soybeans (US cents/bu) 966.50 14.00 1.47% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.36 0.38 1.19% 12/12/2014 CBOT Wheat (US cents/bu) 517.00 11.00 2.17% 12/12/2014 Oct-16 LIFFE Cocoa (£/tonne) 2021.00 -43.00 -2.08% 12/12/2014 LIFFE Coffee (US$/tonne) 2154.00 -1.00 -0.05%
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    • Article
      Lock icon PALM OIL
      58 15 Oct 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2151.0 2165.0 2167.0 2148.0 426 ***** Dec 14 2137.0 2147.0 2151.0 2132.0 6085 ***** Jan 15 2132.0 2142.0 2148.0 2128.0 ***** ***** Feb 15 2138.0 2148.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 15 Oct 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.19 5-Year N*****0H 1.625 01-Oct-19 101.13 101.25 101.15 10-Year NY*****H 3.000 01-Sep-24 106.57 106.90 106.60 15-Year NY*****E 2.875 01-Jul-29 102.76 103.00 103.00 20-Year NZ*****V 3.375 01-Sep-33 108.71 108.90 108.85
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Oct 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1162 1.1170 0.8770 0.8775 Canadian dollar 1.1315 1.1322 0.8894 0.8890 Euro 1.6278 1.6284 1.2790 1.2793 NZ dollar 1.0115 1.0123 0.7948 0.7953 Sterling pound 2.0451 2.0459 1.6069 1.6073
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 15 Most active Oct 17 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****6 7.5 0.4 9451 0.2 1880 3 OLS Enterprise W*****5 0.3 unch 5200 1 1 18 3.67 34 Rowsley Ltd W*****3 2.4 0.3 4404 1
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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 16 Index Change Change Change Change Change Change World Preliminary 1158.3 -0.3 -2.2 0.0 -3.2 -0.2 -4.2 EAFE Preliminary 895.0 -0.9 -6.4 -0.5 -9.6 -0.7 -10.5 Europe Preliminary 1262.6 -0.6 -6.8
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    • Article, Illustration
      Lock icon STOCK MARKETS
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      47 10 tl'Jl'] $3.3 MILLION Estimated Draw on Mon, 20 Oct 2014 at 6.30pm For details, visit www.singaporepools.com.sg p /W'A Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m THE SINGAPORE SWEEP iumi luitanai Wed, 5 Nov 2014 $*****00 1 st Prize Next Draw
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      654 11 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2014 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the third quarter and nine months
      654 words
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      142 13 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 $100 in shopping vouchers from The Straits Times. For a chance to win Go to the Apple App Store or Google Play Download the
      142 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Three women who are reshaping Seattle
      1468 16 They’re transforming historic neighbourhoods or creating new ones close to the urban core in a building boom Bloomberg Seattle IT’S a sign of Seattle’s urban real estate boom that the only vehicle showroom left on the stretch called Auto Row is the Ferrari dealer;
      Bloomberg; PHOTO: BLOOMBERG  -  1,468 words
    • Article
      Lock icon Househunt
      1051 17 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 3 AND SEPT 9, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Skysuites Anson Apt 05/09/2014 99 366 979 2676 Spottiswoode Park Apt 03/09/2014 99 850
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Goldman curbing pay despite big revenue gains
      821 18 Experts say similar changes are happening across Wall Street Reuters New York TOP Goldman Sachs Group executives are determined to keep compensation costs under control. And that means even when the bank’s revenue spikes higher, bankers’ bonuses won’t. On Thursday, Goldman reported a
      Reuters; PHOTOS: REUTERS  -  821 words
    • Article
      Lock icon BOE calls for calm after alarm over accountability law
      592 18 Reuters London BRITAIN’S banks are over-react-ing to rules aimed at making senior officials accountable for breaches in rules or procedures which happen on their watch, a top regulator said on Thursday. Bank of England (BOE) deputy governor Andrew Bailey defended the
      Reuters  -  592 words
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      Lock icon Page 19 Advertisements Column 1
      408 19 r f tapEF-rr 55 n Strategies To Grow and Protect Your Property Investments RS3S £BS&. :«R»3S All prices are inclusive of GST r«0 m =c x 1 rrten; gn With the likely increase in interest rates, what types of property investment can you consider to maximise your gains? Should you
      408 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Belgium logistics giant completes S$50m capacity expansion
      419 20  -  Katoen Natie’s Jurong Island expanded facility expected to create 50-60 more jobs By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE growing vibrancy of Singapore’s petrochemical industry had, in early 2013, spurred Belgium’s Katoen Natie into its fourth expansion phase, pumping S$50 million more
      419 words
    • Article
      Lock icon Jokowi to raise petrol, diesel prices by 50%
      770 20 Reuters Jakarta INDONESIA’S President-elect Joko Widodo plans to raise subsidised petrol and diesel prices by around 50 per cent next month, in a bid to bring down the budget deficit in South-east Asia’s largest economy, an adviser told Reuters on Friday. The
      Reuters  -  770 words
    • Article
      Lock icon Gas pipeline to Europe a mutual contract, like love: Putin
      337 20 AFP Moscow RUSSIA’S President Vladimir Putin on Thursday compared the construction of a controversial natural gas pipeline to love, saying that Europe needs to show its affection for the Russian project. Speaking on a visit to European Union aspirant Serbia
      AFP  -  337 words
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  • TECHNOLOGY
    • Article
      Lock icon Google sales get boost from movies, apps
      507 21 Fast-growing “other” segment, which includes Play store, is up 50% to US$1.84b in Q3 Reuters San Francisco GOOGLE Inc’s decelerating advertising business is masking the stellar growth of significant but little-noticed business components such as sales of digital music, software and mobile devices.
      Reuters  -  507 words
    • Article, Illustration
      Lock icon Apple starts iPhone 6 sales in China
      511 21 AFP Shanghai APPLE began selling its latest iPhone in China on Friday, nearly a month after other major territories due to a licence delay by regulators, but it faces a tough battle with rivals led by Samsung in the crucial market. Staff at
      AFP; PHOTO: AFP  -  511 words
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      Lock icon Page 21 Advertisements Column 1
      54 21 HOT PROPERTY LAURELS (CAIRNHILL) FH 3+1 corner new 1926/1302sf Pool view MRT. BELOW VALUE! ST Thomas Suites 2600sf Mid flr. Face Orchard. $1900 psf. ONE DEVONSHIRE HIGH flr 1593sf. 4-bdrm. Facing Orchard. New decor. Move-in $3.49M. Owner APARTMENTS IN ORCHARD FOR SALE Check this and many other properties in The
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  • CONSUMER
    • Article, Illustration
      Lock icon Lewis likely to sell assets to fund Tesco recovery
      748 22 Rights issue an option as new CEO seeks cash to cut debt, pay for turnaround strategy Reuters London JUST six weeks into his job, Tesco boss Dave Lewis must look at selling assets in Britain and abroad as he battles to
      Reuters; PHOTO: AFP  -  748 words
    • Article
      Lock icon Non-compete clauses now for the rank and file as well
      856 22 NYT New York IF you are a chief executive of a large company, you very likely have a non-compete clause in your contract, preventing you from jumping ship to a competitor until some period has elapsed. Likewise if you are
      NYT  -  856 words
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  • TRANSPORT
    • Article
      Lock icon Rolls-Royce trims sales outlook
      466 23 It expects bumpier ride given difficult economic situation and Russian trade sanctions Bloomberg Toulouse, France ROLLS-ROYCE Holdings plc cut its sales outlook for the full year, saying revenue will fall rather than stay unchanged as customers delay orders and Russian trade sanctions bite. Sales will drop
      Bloomberg  -  466 words
    • Article, Illustration
      Lock icon Protest by Pacific islanders at Aussie coal port
      542 23 Reuters Newcastle, Australia HUNDREDS of protesters on Friday joined environmental activists from a dozen South Pacific countries attempting to halt shipping at the world’s largest coal export terminal in eastern Australia by forming a blockade with canoes, surfboards and kayaks. The action
      Reuters; PHOTO: REUTERS  -  542 words
    • Article
      Lock icon Vietnam, China agree to work on maritime row
      227 23 Reuters Beijing CHINA and Vietnam have agreed to “address and control” maritime disputes, state media said on Friday, as differences over the potentially energy-rich South China Sea have roiled relations between the two countries and other neighbours. Ties between the two nations
      Reuters  -  227 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Fed may signal caution on rate hikes
      696 24 But central bank’s bond buying is expected to end despite official’s proposal to do otherwise Reuters Washington THE Federal Reserve is likely to reassure investors later this month that it won’t stand idle if global turbulence threatens the US economy, but a proposal
      Reuters  -  696 words
    • Article, Illustration
      Lock icon Yellen worried about economic inequality
      459 24 Reuters Chelsea, Massachusetts FEDERAL Reserve chair Janet Yellen said on Friday that the growth of economic inequality in the United States “greatly” concerns her, and suggested in a detailed speech on the politically charged issue that Americans should ask whether it was compatible with their
      Reuters; PHOTO: REUTERS  -  459 words
    • Article
      Lock icon Modi names critical ex-IMF man to Rajan’s old post
      350 24 Bloomberg New Delhi THE Indian government on Friday named former International Monetary Fund (IMF) official Arvind Subramanian as its new chief economic adviser, a position left vacant for a year after Raghuram Raj an was appointed central bank governor. Mr Subramanian
      Bloomberg  -  350 words
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      Lock icon Consumer sentiment highest since July 2007
      506 25 Personal finances, national economy contribute to better mood in October latest us data Reuters New York US consumer sentiment rose in October to the highest in more than seven years, boosted by views on personal finances and the national economy, a survey released on
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        Lock icon China toughens delisting rules
        86 25 Reuters Shanghai China on Friday issued new rules to get loss-making companies or those in violation of regulatory practices to delist. This was its latest move to improve stock market conditions, and it has vowed stricter enforcement of the guidelines. Traders say market regulations have been
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        Lock icon Clashes break out anew in Hong Kong
        116 25 AFP Hong Kong Fresh clashes broke out in Hong Kong on Friday night as pro-democracy demonstrators attempted to take back a protest camp in a densely populated suburb that had been partially cleared by police earlier in the day. Police used pepper spray
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        Lock icon Senegal Ebola-free but still vulnerable: WHO
        133 25 Reuters Geneva The outbreak of Ebola in Senegal is officially over, but the country is still vulnerable to further cases of the deadly disease being imported, the World Health Organization (WHO) said on Friday. Twice the maximum incubation period of 21 days 42 days
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  • PERSPECTIVE
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      Lock icon Pride, not prejudice, in Hong Kong stand
      2263 26 / 27  -  Whether it gets democracy or is forced to sign up to a version of it remains to be seen. But the world has listened and Beijing has taken note. By Vijay Verghese By Vijay Verghese AS THE umbrellas unfurled around Hong Kong and
      PHOTO: VIJAY VERGHESE  -  2,263 words
  • Page 26 / 27 Miscellaneous
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      329 26 / 27 SATURDAY with Ludwig He used to be a busker before he made it bigtime.’ CRYPTIC CROSSWORD Across 1 Exuberant actors recoiled in false show of emotion (9,5) 10 Criticise Mary who cooks on TV, receiving small sound of disapproval (9) 11 Policeman getting tip off on Her Majesty a work
      329 words
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  • Wealth
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        Lock icon Time to take stock of your portfolio
        1539 28 / 29  -  The stock market is, and has always been, a gamble but the right combination of stocks and bonds can reduce overall risks. By Tara Siegel Bernard By Tara Siegel Bernard NYT New York THE recent tremors in the stock and bond markets are
        NYT; PHOTO: REUTERS  -  1,539 words
      • BROKERS’ TAKE
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          Lock icon M1
          140 28 / 29 Add CIMB Research Oct 17 Close: S$3.51 M1’s 9M 2014 core net profit was in line at 75 per cent of our and 76 per cent of consensus full-year estimates. Q3 2014 was largely steady q-o-q but Ebitda improved y-o-y due to higher margins. Our earnings forecasts are largely
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          Lock icon Ascott Residence Trust
          147 28 / 29 Buy OCBC Investment Research Oct 17 Close: S$1.205 ASCOTT Residence Trust (ART) announced that it has acquired, for 8 billion yen (S$95.2 million), a prime hotel in Tokyo, Japan. The 206-unit hotel is strategically located in Shinjuku and operating as Best Western Shinjuku Astina, which will be
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          Lock icon Keppel Reit
          403 28 / 29  -  Compiled by Joyce Hooi Neutral DMG Partners Research Oct 17 Close: S$1.195 KEPPEL REIT posted a 6.1/3.2 per cent y-o-y decline in Q3 2014/9M 2014 DPU (distribution per unit), meeting 23 per cent/76 per cent of our full-year estimate. The decrease came on the back of the expiry
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      • Article
        Lock icon Depressing signals from world markets
        1099 30  -  Crucial indicators pointing to a higher risk of a global economic slowdown By Neil Irwin NYT IT was not very long ago that the dread hovering over global financial markets was that things were getting too calm. Just this summer, Federal Reserve officials were fretting
        NYT  -  1,099 words
    • LIFE & CULTURE
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        Lock icon Tickets for WTA Finals championship match sold out
        535 31  -  This is the first time that Singapore is hosting the WTA’s season-ending tennis tournament WTA SINGAPORE By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IF you haven’t gotten your ticket for the championship match of the BNP Paribas Women’s Tennis Association (WTA) Finals on
        PHOTO: NIKE SINGAPORE  -  535 words
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        Lock icon Halloween party preparation in Japan
        587 31 WP Tokyo CELEBRATING Halloween has fast become a tradition in Japan, with more and more people holding parties for the event. Traditionally in Europe and the United States, people wear costumes and expel evil spirits while celebrating the autumn harvest on Halloween. In Japan, following
        WP  -  587 words
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      84 30 KEEP YOUR ERR CHARGES IN CHECK o ERR I in EMM Find a property near your workplace or MRT stations using ST .sg Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 l-DITORef PUBLISHER. [SILVER WINNER BEST CLASSIFIED WEBSITE Silver at W3 Awards 2014 with over 1 million
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      15 31 Intelligent efficiencyhelps well-established Taiwanese ricecooker manufacturer Tatungtransformitself To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      43 32 THERE ARE EXCEPTIONS TO EVERY RULE. JULES AUDEMARS DIAMOND SET IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 JULE THE SHOPPES AT MARINA BAY SANDS CANAL LEVEL B2-207 TEL (65) 6688 7595 AUDEMARSPIGUET .COM
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      69 1 THE BUSINESS TIMES WEEKEND OCTOBER 18 19 2014 BT Living GOURMET GROCERS Purveyors of artisanal food are reaching out to discerning consumers L2-5 TRAVEL In Van Gogh’s footsteps L6-7 PHOTO: THE CHEESE ARTISANS HOME GARDEN Home with room to grow L10-11 HEALTH Do vitamin supplements work? L13 DESIGN Up close
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  • BT Living
    • DINING
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        Lock icon GOURMET GROCERS
        3127 2 / 3  -  Going beyond supermarket pantry staples, these purveyors of high quality produce and foodstuff are winning over foodies with discerning palates. By Tiong Li Cheng Additional reporting by Lisa Fratini lfratini@sph.com.sg YOU could say it’s a timely solution for well-travelled foodies afraid to ‘smuggle’ wheels of cheese and packs
        PHOTOS: BOCHINCHE; PHOTOS: AH HUA KELONG; PHOTOS: THE CHEESE ARTISANS; PHOTOS: ASIANCUTZ; PHOTO: HAIRY CRAB AT HOME; PHOTOS: AMANDA TAN  -  3,127 words
    • TRAVEL
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        Lock icon In the footsteps of Van Gogh
        1202 6 / 7  -  The world’s art lovers descend on the walled Roman town of Arles in southern France to catch glimpses of the landmarks Dutch painter Van Gogh immortalised in his works. By Geoffrey Eu By Geoffrey Eu SOMETHING about the light in Arles makes the city
        PHOTOS: GEOFFREY EU  -  1,202 words
    • DESIGN
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        Lock icon HOME IMPROVEMENT
        1371 8 / 9  -  Two well-known retailers in Singapore are adding new product lines and services to stay ahead of the competition. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT Redefining the DIY concept Home-Fix FOR slightly over two decades, Home-Fix prided itself as the place to go to for anything DIY-related. Now
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        Lock icon Design curator
        906 12  -  As art director of her family’s business, Patrizia Moroso has a knack for hand-picking the brand’s Next Big Thing. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT PATRIZIA Moroso works with the who’s who in the design field, from Rod Arad, Ross Lovegrove to Patricia Urquiola, Marcel Wanders and Oki
        PHOTOS BY: MOROSO  -  906 words
    • HOME & GARDEN
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        Lock icon Room to grow
        1215 10 / 11  -  Rebuilding an old house from the ground up afforded Melvin Kong and Christie Ng a bigger canvas for their vision of a living space for their growing family and much-loved pets. By pers nal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WHEN Melvin Kong and Christie Ng
        PHOTOS: TAN HAI HAN, YEN MENG JIIN  -  1,215 words
    • HEALTH
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        Lock icon Vital vitamin tips
        1497 13  -  Contrary to popular belief, too many vitamin supplements may do more harm than good to your health Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, a journal of the British Medical Journal Publishing Group;
        FILE PHOTO  -  1,497 words
    • MOTORING
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        Lock icon 4 FLEXIBILITY
        614 14  -  The BMW 4 Series Gran Coupe combines coupe styling with greater utility. By Samuel Ee samuelee@sph.com.sg I T used to be that if a sedan would spawn another variant, it would be a coupe and/or an estate version. But these days, stopping at just two-door and load-lugging alternatives
        614 words
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        Lock icon Pipe dream come true
        844 15  -  Paul Carroll designed pipes before starting his career in the auto industry. By Samuel Ee driving style By Samuel Ee samuelee@sph.com.sg PAUL Carroll always knew that he wanted to work with cars, but first, he had to design concrete pipes and beer storage tanks before he
        PHOTO: ARTHUR LEE  -  844 words
    • GOLF
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        Lock icon Customised clubs for better fit
        713 16  -  Mizuno master fitter Shigeharu Yabumoto likens buying golf clubs to buying clothes or shoes. By Justine Moss THERE’S a fast growing trend of golfers choosing custom fitted clubs over off-the-shelf golf equipment, and there are plenty of good reasons why, according to Mizuno master fitter
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        Lock icon Going the distance
        445 16  -  By Justine Moss WHEN Titleist unleashed its new family of 915 drivers, fairways and hybrids at the beginning of this month, it also introduced an exciting new technology called Active Recoil Channel (ACR). The ACR is a long, wide and deep sole channel that actively flexes at
        445 words
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      964 4 / 5 wine&dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard Z 6845 1111 Oktober Fest Chillax gets better at Atrium Lounge during our German Beer Fest with endless assortment of German beers, pretzels and German wurst with sauerkraut. Guzzle up and enjoy 50 per cent off all House pours
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