The Business Times, 21 October 2014

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Total Pages: 41
1 42 The Business Times
  • 28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O □@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Tuesday, 21
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  • 26 1 Monday Change STI 3,181.05 (+13.32) KL COMP 1,803.14 (+14.83) NIKKEI 225 15,111.23 (+578.72) HANG SENG 23,070.26 (+47.05) SHENZHEN B 973.78 (+6.56) DOW(noon EDT) 16,340.98 (-39.43)
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  • Article, Illustration
    180 1 Joko widodo, popularly known as Jokowi, took the oath of office on Monday, becoming the seventh president of Indonesia. Tens of thousands of people waved banners, belted out ballads and strained past protection officers for a chance to shake Jokowi’s hand as he passed by in a horse-drawn
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  • 944 1  -  Efforts include US$325m cabin upgrades, intensified codeshares, premium economy seats, new JVs and turning around weak units By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT Singapore IT’S tough being Singapore Airlines (SIA). Faced with arguably one of its most trying periods yet, SIA has its work
    Source: Bloomberg  -  944 words
  • 636 1  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore SINGAPORE sovereign wealth fund GIC is sinking what some have estimated to be in the region of US$ 1.7 billion (S$2.2 billion) into one of Tokyo’s most prime office spaces. The investment firm said it is taking up
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  • Page 1 Advertisements
    • 118 1 *****1 *****4 JAPANESE POLITICS Abenomics, womenomics take a hit as 2 female ministers quit COMPANY RESULTS Keppel Land Q3 profit slides 10.6% on lower sales COMPANIES MARKETS 6 RETIREMENT PLANNING Saving enough for retirement a key worry of middle class: survey MANAGEMENT Grooming the right qualities in a global leader
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  • TOP STORIES
    • 774 2  -  He will face difficulty delivering promised reforms with the opposition controlling majority of parliament seats INDONESIA WATCH By Jeffrey Hutton btworld@sph.com.sg Jakarta THE former governor of Jakarta, Joko Widodo, popularly known as Jokowi, took the oath of office on Monday, becoming the seventh
      PHOTO: AFP  -  774 words
    • 381 2  -  By Andy Mukherjee &JS REUTERS BREAKINGVIEWS Singapore JOKO Widodo’s inauguration as Indonesia’s new president lacks the ebullience of his July election victory. Though the former furniture businessman, popularly known as Jokowi, is expected to push ahead with an early and decisive pruning of
      &JS REUTERS BREAKINGVIEWS  -  381 words
    • 369 4  -  BT Infographics By Nisha Ramchandani, Ludwig Ilio As the group faces challenges in the form of stiff competition in the premium space, overcapacity in the regional markets, uncertainties in the global economy and weaker yields, here's how things stand for regional wing SilkAir, subsidiary Scoot, Tiger and
      Sources: SIA, Cathay Pacific, Emirates, CAPA  -  369 words
    • 638 4  -  Both carriers seen as being a key part of SIA’s portfolio, enabling it to serve regional and long-haul budget travel segments, clawing back lost ground from rivals TURBULENCE AHEAD By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TIGER Airways and Scoot will find more room
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    • 525 4  -  64% in IDA survey are subscribers, up from 38% four years ago By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore FOUR years can be an eternity in tele-com-years, if a survey by the Infocomm Development Authority of Singapore (IDA) is anything to go by. The
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    • 248 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE government will launch 25 per cent fewer Build-to-Order (BTO) flats next year, said National Development Minister Khaw Boon Wan in a blog post on Monday evening. This would mark a further slowdown in pace
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    • 495 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MOUNT Alvernia Hospital may have expanded over the years including the addition of a new medical centre and an outpatient laboratory but it will always hold dear its core values. Its old-world charm
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    • 581 5  -  SMU index shows one-year-ahead inflation expectations of Singapore households rising to 3.73% By MINDY TAN tanmindy@sph.com.sg @MindyTanBT Singapore DOMESTIC pass-through price pressures have pushed up both the headline inflation rate (CPI-All item) and core inflation rate expectations for the first time since September
      FILE PHOTO  -  581 words
    • 545 5  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore LOCAL startup GNum has secured S$7 million in seed funding from private equity firm Tembusu Partners. This is the largest investment in a startup that Tembusu Partners has made to date, and among the
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  • Page 2 Advertisements
    • 85 2 m -‘v \C*/. Vj s. -v'■•■„ •■•■> s j i nit. r.e 0 %P > C 1 9 fi •^ss v ■■> v Vi v 3 r s 0 TA s a C THE THINNEST TOURBILLON MOVEM ENT IN THE WORLD B V LG A R I BOUTIQUES TAKASHIMAYA DEPARTMENT
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  • COMPANIES & MARKETS
    • 654 6  -  Divestment gains help absorb impact of revenue fall; drag comes from property trading segment By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore KEPPEL Land’s net profit for the third quarter ended Sept 30 slipped 10.6 per cent to S$113 million as divestment gains
      FILE PHOTO  -  654 words
    • 593 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAPLETREE Logistics Trust, which on Monday released its fiscal sec-ond-quarter results, said it expects to face some headwinds in its Singapore portfolio over the next 12 months amid a more challenging leasing environment with tighter regulatory restrictions on the
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    • 490 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FRASERS Commercial Trust (FCOT) achieved a 6.2 per cent rise in distribution per unit (DPU) to 2.21 Singapore cents for the fourth quarter ended Sept 30, thanks to strong rents and occupancies as well as
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    • 382 6  -  By Chan Yi wen yiwenc@sph.com.sg @ChanYiWenBT Singapore TO finance the exploration and production activities of its Indonesian oil and gas business, Singapore-listed Ramba Energy is placing out 37.5 million new ordinary shares at S$0.40 each to raise nearly S$ 15 million, the company announced
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    • 882 8  -  Temasek to emerge as shareholder of a unit; TIH also investing in optical components venture By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IT’s been a good 11 months since mainboard-listed private equity firm TIH Limited made the sensible move to regroup its asset
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    • 186 8 Singapore THE Singapore Exchange (SGX) on Monday launched its yuan futures for both onshore and offshore yuan hedging. Transactions in the new SGX yuan futures which are priced against the US dollar reached a first-day volume of 1,846 contracts, representing about 1.1 billion yuan (S$229
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    • 271 8  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group on Monday announced the promotion of three executives into management positions. William Randall was appointed president of the group, a newly created position, taking on global responsibility to build the customer base and geographic footprint for the
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    • 207 8  -  NEW CONTRACTS REDOITS BV Kellv Tav ke|iytay@s|5h.corfi.sg @Ke||vTavBT Singapore KING Wan Corporation secured four new mechanical and electrical contracts worth S$21 million from July to October this year. The integrated building services company said on Monday that the new Singapore-based projects comprise plumbing and sanitary
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    • 251 8 Singapore STEEL fabricator TTJ Holdings has secured contracts worth S$22 million to supply structural steelworks for a number of public sector projects Changi Airport Terminals 1 and 2, Tampines Town Hub, as well as civil defence shelter doors. The mainboard-listed group said on Monday evening that
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    • 435 8  -  HOT STOCKS By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore STOCKS of offshore and marine (O&M) companies bounced back on the Singapore Exchange (SGX) on Monday on strong volumes as oil price continued its rebound. Keppel Corp, Ezion Holdings, Nam Cheong and Sembcorp
      Source: Bloomberg  -  435 words
    • 259 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore VALLIANZ Holdings has clinched letters of award and new charter contract wins worth US$64 million in Mexico, West Africa and the Asia-Pa-cific. The group will supply vessels such as anchor handling tug supply (AHTS) vessels, platform supply vessels (PSV)
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    • Article, Illustration
      334 10 In celebration of the festival of lights, Coutts hosted 300 local and regional guests at its annual Diwali gala at the St. Regis Singapore on 10 October 2014. Guests were greeted by the warmth of glowing diyas as they made their way into the John Jacob ballroom for the
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    • 650 12  -  Investor confidence wanes in the afternoon after European markets open weaker, despite Wall Street’s Friday bounce STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE were no surprises in Monday’s session as the Straits Times Index (STI) first bounced up about 2 3 points thanks
      Source: Bloomberg  -  650 words
    • 307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 unch 226/223 250 206 6.4 5659.8 CapitaLand 294 -2 300/293 348 268 14.7 2.7 *****.5 CapitaMall Trust 194.5 cd +3 195/192.5 209 180 5.3 6744.4 CityDev 935 +4 939/929 1118 860
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    • 34 12 VOLUME IHC 67,400,000 APAC Strategic 49,153,000 JES Intl 27,698,000 SingTel 27,505,000 Vallianz 25,734,000 Market volume 1,272,607,000 VALUE SingTel 100,948,872 Keppel Corp 88,582,160 DBS Grp 55,952,930 CapitaLand 40,687,236 Ezion 33,220,005 Market value 1,048,667,000
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    • 113 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 323 +2 278 324/322 343/298 322/324 DBXT MSBANGL US$ US113.5 -1.8 142 114.7/112.8 116/79.5 111.2/111.8 4.7 DBXT MSINDO us$ US1436 +12 121 1446/1431 1600/1110 1430/1436 Lyxor CRBNonEny US$ US236 49 236/236 261/228 233/236
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    • 77 12 Oct 20 VALUE CLOSE BT OB/OS -1145.00 -32.00 BT CADI -*****.00 +48.00 BT 10-day MA -*****.00 -115.00 FTSE ST Mid Cap 735.61 +4.49 FTSE ST Small Cap 506.00 +2.58 FTSE ST All Share 769.95 +3.51 FTSE ST China Top 184.47 +0.33 FTSE ST China 218.88 +1.34 FTSE
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    • 35 12 STI FTSE ST All-Share FTSE ST All-Share index Oct 20,2014 769.95 +3.51 (+0.46%) Current streak 2 days Day high 772.14 Day low 769.62 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • 33 12 STI MSCI EAFE MSCI EAFE index Oct 17,2014 1,737.51 +22.87 (+1.33%) Current streak 1 day Day high 1,738.61 Day low 1,709.04 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 0 0 0 0 10 6 0 Manufacturing 39 35 38 10 3 14 49 38 52 Commerce 19 16 19 2 12 2 21 28 21 Tpt/Stor/Comms 12 11 14
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    • 121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,398 25,398 123,058 123,058 Manufacturing 195,192 31,786 226,978 118,383 3,259 121,642 Commerce 49,845 36,595 86,440 79,034 2,808 81,842 Tpt/Stor/Comms 111,880 10,065 121,945 194,743 1,813 196,557 Finance 22,187 50 22,237 132,059 13 132,071 Construction 27,441 30,793
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    • Article, Illustration
      63 12 STI Catalist Straits Times Index Oct 20,2014 3,181.05 +13.32 (+0.42%) Current streak 2 days Day high 3,192.26 Day low 3,180.22 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist Index Oct 20,2014 781.23 -4.84 (-0.62%) Current streak 1 day Day high 795.58 Day low
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    • 80 12 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 338.4 1.7 *****/***** Lyxor Indonesia US$ 9076 327.0 2.9 9636/6957 SPDR S&P500 US$ ***** 211.2 0.9 *****/***** DBXT iBoxxKR US$ ***** 165.4 0.8 *****/***** DBXT MSEurope US$ 5486 150.1 2.2 6492/5366 BY PERCENTAGE CLOSE UP 52w high/low Acma Ltd
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    • 78 12 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxUSTr US$ ***** -180.7 -0.7 *****/***** DBXT iBoxxSvEu US$ ***** -95.4 -0.3 *****/***** DBXT EONIA US$ ***** -91.6 -0.4 *****/***** DBXT S&P Short US$ 2432 -57.3 -1.8 2775/2304 JSH USD 3422 -35.6 -0.8 3810/3006 BY PERCENTAGE CLOSE DOWN 52w high/low NOL MB
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    • 82 12 VOL CLOSE($) CHANGE MegaChem 165.0 0.360 +0.060 +20.00 Joyas Intl 650.0 0.028 +0.004 +16.67 ChangtianPlastic 2,223.0 0.042 -0.005 -10.64 Asiatravel.com 4,943.0 0.260 +0.025 +10.64 OGL Resources A$ 10.0 0.018 +0.004 +28.57 St James 565.0 0.025 -0.007 -21.88 Suntar Eco-City 100.0 0.073 +0.005 +7.35 HISAKA 391.0 0.240 +0.030 +14.29
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    • BROKERS’ TAKE
      • 141 12 Hold Oct 20 close: S$9.62 Fair value: S$10.05 OCBC Investment Research, Oct 20 Singapore Airlines Limited (SIA) last Friday announced that it had entered into an irrevocable undertaking with regards to the rights issue of Tiger Airways Holdings Limited (Tigerair). SIA will bring its stake in Tigerair up
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      • 94 12 Add Oct 20 close: S$1.945 Target price: S$2.11 CIMB Research, Oct 20 CapitaMall Trust’s (CMT) Q3 2014 distribution per unit (DPU) was in line with expectations and made up 73 per cent of our full-year estimate. While organic growth is likely to remain anaemic in the near term,
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      • 133 12  -  Compiled by Jamie Lee Buy Oct 20 close: S$0.41 Target price: S$0.58 DMG Partners Research, Oct 20 Nam Cheong launched its first diesel-electric anchor handling towing supply vessel last Friday. Customers signed letters of intent worth US$186 million for a mix of “sale and charter” for 12 vessels,
        133 words
      • 43 12 DATA I 10.00 am China GDP China Industrial Production MEETINGS I 10.00 am CEFC Intl special meeting I 10.00 am KS Energy EGM I 11.00 am Lion Asiapac AGM I 3.00 pm AusGroup Ltd AGM I 3.30 pm St James Hldgs AGM
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    • 428 13 CURRENCIES REUTERS London THE dollar rose against the safe-ha-ven yen on Monday as upbeat data and a push-back of interest rate hike expectations restored some risk appetite to financial markets after a bout of jitters over global growth. Wall Street rallied and
      . REUTERS  -  428 words
    • FOREX RATES
      • 471 13 Oct 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.366 0.686 6.799 53.694 105.469 0.938 9.285 2.867 1.103 90.220 39.285 1.115 9.701 0.828 26.634 28.310 0.544 0.876 Canada 1.013 5.438
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      • Article, Illustration
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      • Article, Illustration
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      • 155 13 Oct 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1148 1.1156 0.8762 0.8765 Canadian dollar 1.1297 1.1308 0.8884 0.8879 Euro 1.6245 1.6255 1.2768 1.2771 NZ dollar 1.0108 1.0120 0.7945 0.7951 Sterling pound 2.0494 2.0506 1.6108 1.6111
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      • 22 13 Oct 20 S$ Bid Offer 1-month 1.2723 1.2729 2-months 1.2723 1.2729 3-months 1.2723 1.2729 6-months 1.2722 1.2728 Source: OCBC
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      • Article, Illustration
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    • BANK RATES
      • 154 13 Oct 20 $S Offer Bid 0vernight 0.06 0.03 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.06 US$ 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
        154 words
      • 36 13 Oct 20 (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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      • 63 13 Oct 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.2 5-Year N*****0H 1.625 01-Oct-19 101.13 101.15 101.15 10-Year NY*****H 3.000 01-Sep-24 106.59 15-Year NY*****E 2.875 01-Jul-29 102.87 103.10 103.10 20-Year NZ*****V 3.375 01-Sep-33 108.81 109.10 108.75 30-Year NA*****N
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    • EQUITY BONDS WARRANTS FUTURES
      • 376 13 Oct 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.84 *****.23 *****.69 Dec14 *****.00 *****.00 *****.00 *****.00 *****4 *****7 Mar15 *****.00 *****.00 *****.00 *****.00 83 760 MSCI TAIWAN INDEX FUTURES SPOT 314.28 320.51 314.28 Oct14 313.70 320.80 313.60 320.30 ***** *****3 Nov14 314.40
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      • 211 13 Most active Oct 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.3 unch ***** 1 1 18 3.67 34 DBS MB eCW*****6 8.3 0.8 5050 0.2 1880 3 FTSEChinaA50 8200 MBeCW*****9 3.7 -0.9 4389 0.0
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      • 373 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 17 Index Change Change Change Change Change Change World Preliminary 1177.8 1.6 -0.6 1.6 -1.6 1.6 -2.6 EAFE Preliminary 907.5 1.4 -5.1 1.4 -8.4 1.3 -9.3 Europe Preliminary 1295.2 2.6 -4.4
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    • AGRI METALS ENERGY
      • 212 13 Oct-17 Price Net change change Last Trade Agricultural Oct-17 CBOT Soybeans (US cents/bu) 951.75 -14.75 -1.53% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.02 -0.34 -1.05% 12/12/2014 CBOT Wheat (US cents/bu) 516.00 -1.00 -0.19% 12/12/2014 Oct-17 LIFFE Cocoa (£/tonne) 2034.00 13.00 0.64% 12/12/2014 LIFFE Coffee (US$/tonne) 2117.00 -37.00 -1.72%
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      • 57 13 Oct 20 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2143.0 2147.0 2151.0 2140.0 224 ***** Dec 14 2121.0 2134.0 2135.0 2117.0 5470 ***** Jan 15 2112.0 2131.0 2132.0 2112.0 ***** ***** Feb 15 2117.0 2136.0
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  • Page 14 Advertisements
    • 128 14 Sky Urban Solutions Holding Pte Ltd (lr On Winning The V) Singapore Sustainability Awards 2014 Top Honour Green Technology Category Organised by the Singapore Business Federation I ~~7 Sf a MM A f t t V- yr w\ V. u I 7'sXS. b- M Sky Urban Solutions is transforming the
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  • S SPECIAL SINGAPORE SUSTAINABILITY AWARDS 2014
    • 1025 15  -  Record number of applicants from across diverse sectors seek to be recognised for their efforts By Narendra Aggarwal T HE Singapore Business Federation’s (SBF) Singapore Sustainability Awards attracted an overwhelming number of applications this year from diversified sectors and enterprises, showing that sustainability is high on
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    • 746 16  -  City Developments Limited is a giant among eco champions in Singapore with many green solutions to its name By Hazel Tan S INGAPORE property developer City Developments Limited (CDL) has helped put the country on the global sustainability map with several high-profile eco projects, including the
      PHOTOS: CDL  -  746 words
    • 750 17  -  Challenges of land scarcity in Singapore push Sky Urban Solutions Holdings to patent vertical farming technology By Kai Tamin-Goh Y 2050, there will be nine billion people on the planet, or 2.4 billion more mouths to feed than in 2013. About 70 per cent will live
      PHOTOS: SKY URBAN SOLUTIONS HOLDINGS  -  750 words
    • 842 18  -  Sindicatum Sustainable Resources strives to produce long-term supplies of natural resources and correct price imbalances By Panchalee Thakur U NSIGHTLY landfi ll sites or factory waste can be turned into sustainable sources of energy with the right approach, technology and passion to save the environment. Sindicatum Sustainable
      PHOTO: CHONG JUN LIANG  -  842 words
    • 593 20 / 21  -  The National Environment Agency leads by example by inculcating good environmental habits among its staff by Hazel Tan T HE National Environment Agency (NEA) has set itself an internal sustainability goal to be the leading agency that adopts sustainable practices within the organisation, for the benefit of
      PHOTOS: NEA  -  593 words
    • 618 20 / 21  -  Ecospec aims to take its patented green technology solutions to the world By Sheryl Quek W HEN it comes to environmental protection, Ecospec Global Technology believes in making a global impact as a company. “We want to provide solutions that the world can adopt, so the
      PHOTOS: CHONG JUN LIANG  -  618 words
    • 708 20 / 21  -  DSM Singapore Industrial wants to help people achieve their full potential By Narendra Aggarwal S USTAINABILTY and a commitment to help create a more eco-friendly world are the core values at the heart of DSM Singapore Industrial, which has won the Singapore Business Awards in the Large
      PHOTO: RAY CHUA  -  708 words
    • 547 22  -  The Building and Construction Authority’s efforts to achieve energy efficiency and sustainability of buildings are critical to the nation’s future By Hazel Tan T HE Building and Construction Authority (BCA) has played a vanguard role in encouraging a green revolution in highly urbanised Singapore. From opening the first
      PHOTO: BCA  -  547 words
    • 513 22  -  Uniseal’s innovative ideas are used in residential buildings and shopping malls By Sheryl Quek OCAL urban greenery solutions company Uniseal adds another feather to its cap, with its first win in this year’s Green Technology Award (GTA) in the Small and Medium Enterprise category. One of the
      PHOTO: CHONG JUN LIANG  -  513 words
    • 591 23  -  Alternative Energy Corporation proves to clients that sustainability-driven projects can bring about improved bottom lines By Suresh Nair A LTERNATIVE Energy Corporation put its money where its mouth was by using its own capital to establish successful operations in multiple jurisdictions and industries in South-east Asia,
      PHOTOS: AEG  -  591 words
    • 496 23  -  Keppel Corporation delivers value in an environmentally viable manner By David McMahon HOULD Keppel Corporation choose a new corporate colour, it could well be green. The company’s commitment to sustainability has been augmented by winning the Sustainable Business Award in the Large Enterprise category. The award category is
      PHOTO: CHONG JUN LIANG  -  496 words
    • 572 24  -  Ricoh’s innovative solutions are aimed at conserving energy By Seow Kai Lun NNOVATION and investment into research and development has enabled Ricoh Asia Pacific to develop technology that saves energy and promotes sustainability. This includes designing new alternative materials and using reusable and rewriteable technologies to replace
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    • 531 24  -  Infineon Technologies Asia Pacific’s efforts in the region get recognition By Mike Lee W ITH around 29,000 employees worldwide focusing on energy efficiency, mobility and security, semiconductor and system solutions, Infineon Technologies is a global champion of sustainability. In fact, it has been listed in the renowned Dow
      PHOTOS: INFINEON  -  531 words
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    • 147 16 1 Built Environment gapere ■< i J; =T>"II a (A •!>. IS i ea •< m m 'w<--'*****(*****111 -A* r nr L > m* fe/ ssce v r« V 91 (UjUi ■lul !!!t fcrr> X •c^ lr > OS -.r*** Srer^S S:*? y 4P mm i. j */X*N 2> «r
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  • Page 17 Advertisements
    • 20 17 Driving Sustainability for Our Future f a m m j N. < Ricoh Group Sustainability Report https://www.ricoh.com/environment/report/ www.ricoh-ap.com RICOH imagine, change.
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  • Page 18 Advertisements
    • 77 18 What will we want in the future? Who can tell? We may not value what we value today. But we will certainly expect a happier, healthier, safer world. At DSM we believe Bright Science can take us there. It’s our name for an approach that brings together ideas, sustainable solutions
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  • Page 20 / 21 Advertisements
    • 182 20 / 21 ALTERNATIVE ENERGY CORPORATION Environmental and Energy Services Deliver, Operate and Maintain consistently high quality Waste Water to Power Renewable Energy Projects. Improved Profitability, Environmental Stewardship, and Sustainability through clean technology innovation and deployment. What We Do Treat Waste Water Provide high efficiency water treatments for improved discharge compliance while reducing
      182 words
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  • Page 22 Advertisements
    • 54 22 9 f, Semb-Eco ecospec technology with heart and mind Singapore Business Federation 2014 Green Technology Awards Winner I BacComber cSOx emission control ballast water treatment system ULF cooling water treatment i J V eaospK Ji z 10 Ltd Ecospec Global Technology Pte Admiralty Road West Singapore *****6 Tel: (65)6752 2222
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  • Page 23 Advertisements
    • 194 23 National Environment Agency Safeguard Nurture Cherish I 0 L.1 V L BlI- <1 Wilf -p-i -y e xs. s iA The National Environment Agency (NBA) is pleased to support the Singapore Sustainability Awards 2014 organised by the Singapore Business Federation. This is in line with NEA's continued support for companies
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  • Page 24 Advertisements
    • 337 24 Sindicatum sustainable resources www.sindicatum.com What we do Sindicatum Sustainable Resources is a global sustainable resources company headquartered in Singapore. Sindicatum is a developer, owner and operator of clean energy projects worldwide and a producer of sustainable products from natural resources and waste. Leading the way in the sustainable utilization of
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  • CHILDREN FOR CHILDREN 2014
    • 538 26  -  By Rachel Loi rachloi@sph.com.sg THEY screamed, they cheered, they laughed to their little hearts’ content. That’s how more than 1,000 underprivileged children celebrated an early Children’s Day on Oct 2 playing games, watching live performances and riding on rollercoasters at Universal
      ALL PHOTOS: JOSEPH NAIR  -  538 words

  • REAL ESTATE
    • 923 27 Traditional stores are being squeezed out by big international brands BARCELONA RETAIL NYT Barcelona IN the centre of Barcelona’s scenic old city, a once-historic bookshop is being turned into a store for Mango, the giant clothing retailer. A maker of combs, founded in 1922,
      NYT  -  923 words
    • 506 27  -  NEW APPOINTMENTS By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THERE have been several new appointments at Singapore’s property firms. Frasers Hospitality Group on Monday named Dennis Wong as director of portfolio and asset management in charge of the group’s asset management plans and
      PHOTOS: CUSHMAN & WAKEFIELD, CBRE, FRASERS HOSPITALITY  -  506 words
    • 927 28 Failing to expand, improve these urban areas could be disastrous, warn analysts CHINA BLOOMBERG Beijing CHINA needs a new prescription for growth: Cram even more people into the pollution-ridden megacities of Beijing, Shanghai, Guangzhou and Shenzhen. While this may sound like a recipe for disaster,
      BLOOMBERG; PHOTO: AFP  -  927 words
    • 274 28 XINHUA Beijing CHINESE authorities are likely to relax the sales tax on existing homes, the Beijing-based China Securities Journal reported on Monday. Under the new policy, sales of a second home purchased no less than two years prior will be exempt from
      XINHUA  -  274 words
    • 390 29 Capital’s property values gain 7% in October on seasonal demand: website BLOOMBERG London LONDON home-sellers raised asking prices by the most in more than a year this month as a seasonal surge in demand led a rebound in the capital’s property market.
      BLOOMBERG; PHOTO: BLOOMBERG  -  390 words
  • Page 27 Advertisements
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  • Page 28 Advertisements
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  • Page 29 Advertisements
    • 2187 29 Keppel Land Limited (Incorporated in Singapore) (Co. Reg. No.: *****0001G) 1. UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2014 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the nine months ended 30 September 2014: Third Quarter Nine Months Note 30.09.14 30.09.13
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  • BANKING & FINANCE
    • 526 30  -  44% of region’s respondents express worry; Singapore leads in this aspect, followed by Malaysia and Thailand By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore BEING able to have enough savings for retirement is one of the top concerns of the middle
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    • 368 30 BLOOMBERG Dubai THE UK’s ambition to become a global hub for Islamic finance, bolstered by a debut sovereign sukuk in June, needs corporate borrowers to take the baton. There’s never been a publicly sold Islamic bond from a corporate in the
      BLOOMBERG  -  368 words
    • 572 30  -  The company is also buying an ‘enormous’ amount of real estate in Europe By Genevieve Cua gen@sph.com.sg @GencuaBT Singapore ASIA remains a “great bet long term’’, said Stephen Schwarzman, chairman and chief executive of Blackstone, even as slowing growth in China and the expectation
      572 words
  • Page 30 Advertisements
    • 215 30 A Night To Sovou r THE BUSINESS TIMES The Business Times Luxe Night Saveur Art at ION Orchard, Level 4 November 6,2014, Thursday 7.30pm -9.30pm (registration starts at 7.00pm) Only $60 nett per person Limited seats. Register by November 2, midnight at pbp.sph.com.sg/btion Payment is by VISA or MasterCard credit
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  • ENERGY & COMMODITIES
    • 622 31  -  Stock had declined more than 35% on concerns over falling oil prices but DBS rubbished those fears By S Jayasankaran btworld@sph.com.sg Kuala Lumpur SAPURAKENCANA Petroleum shares rose 3.75 per cent to RM3.60 apiece after a report by DBS Group Research released on Monday
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    • 481 31  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CHINA may be a larger market for gold, but Singapore as a free market is more attractive for foreign players, in the view of Europe’s largest trading firm. “Singapore is more free market and is less governed than
      PHOTO: JUSTIN KON PHOTOGRAPHY  -  481 words
    • 390 31 BLOOMBERG Sydney AN EXTENDED slump in oil prices threatens an expansion of the liquefied natural gas (LNG) industry and risks cutting returns for project developers in Australia, poised to become the world’s biggest supplier of LNG. The nation’s exports of natural gas converted
      BLOOMBERG  -  390 words
  • Page 31 Advertisements
    • 21 31 The Oaks Cellars Shop Online Best Value! Blavod Original Black Vodka www.oaks.com.sg Usual:GS95 00 Now: SS57.00 It s A 'Discovery OAKS
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  • TECHNOLOGY
    • 735 32 She’s under pressure to assuage investor concerns about turning around Yahoo BLOOMBERG San Francisco YAHOO! INC’s earnings call this week has turned into a must-win situation for chief executive officer Marissa Mayer. Ms Mayer will unveil Yahoo’s third-quarter results on Tuesday, making her first
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    • 292 32 BLOOMBERG Frankfurt SAP SE, the world’s largest supplier of business-management software, cut its full-year earnings forecast after third-quarter operating profit trailed analysts’ estimates as clients shift to programs accessed over the Web. Non-IFRS (International Financial Reporting Standards) operating profit will be
      BLOOMBERG  -  292 words
    • 615 32 BLOOMBERG New York INTERNATIONAL Business Machines Corp agreed to pay Globalfoundries Inc US$1.5 billion to take an unprofitable chip-manufacturing unit off its hands. IBM will pay Globalfoundries the cash over three years, according to a statement on Monday. The cash portion will be
      BLOOMBERG  -  615 words
  • Page 32 Advertisements
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  • CONSUMER
    • 762 33 While the fast-food chain still offers several items for US$1, its menu is quietly getting more expensive at a time when competition for frugal diners’ spending is increasingly fierce BLOOMBERG Chicago MIKE Hiner used to take his grandsons to McDonald’s when they wanted a
      BLOOMBERG; PHOTO: BLOOMBERG  -  762 words
    • 714 33 NYT New York WHOLE Foods Market is fighting a two-front war: trying to reaccelerate its once-robust sales growth while fending off increased competition to sell its signature organic, natural and fresh products. On Monday, the grocer is introducing what executives hope
      NYT  -  714 words
  • Page 33 Advertisements
    • 2372 33 THE BUSINESS TIMES Ik 1 f 1 Toll free 1800-289-8822 I I I Email notices@sph.com.sg M i M i J www.sphclass.com.sg/notices (r '0 W cord life one chance, one choice. CORDLIFE GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****2883E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS
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    • 371 33 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LINKA HOLDINGS PTE. LTD. COMPANY REG. NO. *****8229W (IN MEMBER’S VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held on 17 October 2014, pursuant to Section 179(6) of the Singapore Companies Act,
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  • GOVERNMENT & ECONOMY
    • 719 34 Parliament may not have time to pass law at current session, which ends on Nov 30 REUTERS Tokyo JAPAN’S plan to legalise casino gambling is likely to be delayed yet again, a senior official said, dealing a new blow to Prime Minister
      REUTERS; PHOTO: REUTERS  -  719 words
    • 554 34  -  inflation concerns trail fears of impact of weaker global markets on country’s growth By Pauline Ng btworld@sph.com.sg Kuala Lumpur AMID signs of easing inflation but increasing turmoil in the global environment, Malaysia’s central bank is expected to keep interest rates
      554 words
    • 968 35  -  Yuko Obuchi (trade industry) and Midori Matsushima (justice) resign over alleged election-linked offences By Anthony Rowley btworld@sph.com.sg Tokyo DEALING a severe blow to Japanese Prime Minister Shinzo Abe’s “womenomics” policies and also inflicting indirect damage on his “Abenomics” strategies, two
      PHOTOS: BLOOMBERG, REUTERS  -  968 words
    • 622 35 It still intends to end bond-buying at end-October NYT Washington THE Federal Reserve is watching carefully as financial markets bounce around, but the likely course of monetary policy remains the same, officials have said in recent public comments and interviews. The Fed
      NYT  -  622 words
  • Page 34 Advertisements
    • 423 34 THE STRAITS TIMES 2015 AND THE PROMISE OF AN ASIAN RESURGENCE OUTLOOK POLITICAL AND ECONOMIC DIRECTION FOR 2015 Presented by As 2014 starts winding down, it is time to look at what is to come in the New Year. With strong leaders emerging in Asia’s biggest economies China, Japan, India
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    • 26 34 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 35 Advertisements
    • 70 35 Premium Perspectives Everyone has a different way of looking at things. The new Business Times taps into a wide network of opinion leaders to bring you views that matter. When you open your mind to collective intelligence, you will see new possibilities. www.BusinessTimes.com.sg www.facebook.com/TheBusinessTimes follow us ©BTbreakingnews To subscribe, call
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  • TRANSPORT
    • 618 36 Group joins growing list of lenders eager to get a share of the projected US$280b business BLOOMBERG Orlando, Florida BLACKSTONE Group LP, vying with financiers including Citigroup Inc, is starting a new fund to provide loans for a luxury-jet market projected to reach
      BLOOMBERG  -  618 words
    • 661 36 REUTERS New Delhi ALMOST four years ago a handful of people gathered in Airbus sales chief John Leahy’s spacious country house outside Toulouse and argued long into the evening over curry and cigars. Recently they met again at a Parisian hotel for more haggling, with breaks
      REUTERS; PHOTO: REUTERS  -  661 words
  • Page 36 Advertisements
    • 70 36 Great Music. Great Fun. True Class. f-* f i .mt kiss92 All the great songs in one place Maddy, Jason Arnold In The Morning Weekdays 6;00am 10;00am i I p Claressa Monteiro Weekdays 10:00am- 2:00pm m m Si ■■WT.TTc,. fi v m mm..... if. >• it. Desiree Lai Weekdays 2:00pm-
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  • 1076 37 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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  • Page 37 Advertisements
    • 112 37 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES rr% SHIPPING TIES Highlight Your Company Anniversary tm M Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award ffins Certifications, Ship Christenings Delivery of Newbuilds, Projection Completion and Vessel Conversion Refurbishment. There’s no
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  • OPINION
    • 526 38 MALAYSIAN Prime Minister Najib Razak has not only evinced confidence that the Goods and Services Tax (GST) would be implemented on schedule from April next year, he has also asserted that this is a fundamental reform of the tax system that
      526 words
    • 914 38  -  THE BOTTOM LINE By Paul Krugman T The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT AMAZON.COM, the giant online retailer, has too much power, and it uses
      NYT  -  914 words
    • 1583 38  -  Despite setbacks, Singapore’s electronics industry still remains a vital cog in the global supplychain. BY AMIT ROY CHOUDHURY supplychain.BY AMIT ROY CHOUDHURY T The writer is a BT senior correspondent SINGAPORE’S latest trade figures are fairly lacklustre. The key measure (non-oil domestic exports, or NODX) rose barely
      FILE PHOTO  -  1,583 words
    • 857 39  -  BEYOND MONETARY POLICY By Leon Hadar Washington ONE of the important observations made by officials and economists who gathered in Washington recently for the bi-annual meeting of the International Monetary Fund (IMF) was that monetary policy by itself would not bring the United States
      857 words
    • 903 39  -  By Herbert Oberhänsli T The writer is head of Economics International Relations, Nestlé SA, Switzerland OVER the past few years, a number of countries and cities were facing challenges with their water supply security with quite different responses. There is, for instance,
      903 words
    • 829 39  -  Leaders will continue to boost cooperation in support of economic growth and people’s welfare. By Takehiko Nakao By Takehiko Nakao T The writer is president of the Asian Development Bank FIFTY years ago, when European integration was gathering steam, most of Asia remained mired in poverty. As
      PHOTO: AFP  -  829 words


  • LIFE & CULTURE
    • 496 40  -  Crowds cheered every point with cries of ‘Go Ana’ and placards supporting Queen Serena WTA SINGAPORE By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE has never seen tennis like this. Not at such a high level and with such intensity, certainly. On one end
      PHOTO: DESMOND WEE/THE STRAITS TIMES; PHOTO: AFP  -  496 words
    • 489 40 AFP Seoul MIGRANT farm workers in South Korea have become victims of rampant abuse under a “shameful” work permit system that encourages exploitation, Amnesty International said in a report published Monday. The report came on the heels of a mission to South Korea
      AFP  -  489 words
  • Page 40 Advertisements
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    • 70 40 HOT PROPERTY SMALL OFFICE IN Jit Poh building for lease with full sea view, suitable for upto 6 person. Fully fitted with cabinets. Tip-top condition. Located outside ERP. 1700SF JLN BESAR #02 Walk-up. Newly reno. Corner. Main road/ bus-stop/ carpark. PRINSEP STREET 1300 to 4700 sf.Column free. Walk to Bras
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  • Page 40 Miscellaneous
    • 298 40 CRYPTIC CROSSWORD Across 1 Cared madly about a place of amusement (6) 4 Slow progress by son untidy writing results (6) 8 Speak about a king, leader of Abyssinians for so long (8) 10 Entirely at home, small child given love (2,4) 11 Persistent pain? One must ring hospital (4)
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  • SME
    • 1072 41  -  Being able to learn from experience and having cultural intelligence are more crucial than just having global experience and cultural knowledge.BY COMMENTARY knowledge.BY NG KOK YEE T The writer is associate professor and director of research at Nanyang Business School’s Center for
      PHOTO: THE STRAITS TIMES  -  1,072 words
    • 579 41  -  kcuts wins Promising Franchise of the Year; Bobby Chiam Franchisee of the Year By Mindy Tan tanmindy@sph.com.sg @MindyTanBT WITH 36 stores in Singapore, Brunei, Indonesia, and Malaysia, Dapur Penyet is the only ayam penyet business to have successfully franchised both locally
      PHOTO: FLA  -  579 words
  • Page 41 Advertisements
    • 78 41 Flexible office space available now xj Regus dgets 15 locations across Singapore Fully equipped and work ready offices Singapore From 1 to 50 people JTC Summit Orchard Tampines Junction Singapore CBD r tnri Flexible terms to suit all businesses Suntec City Marina Bay Reception services Meeting rooms and videoconferencing Call
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