The Business Times, 25 October 2014

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Microfilm: NL33269
Total Pages: 42
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g OCTOBER 25-26, 2014 S$1.00 MCI (P) 052/08/2014 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon Record wave of new homes could swamp prices and rents
    1013 1  -  This is despite URA data showing the fall in private home prices moderating in Q3 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore WITH a record number of new private homes being completed this year and the next, it could be a
    Compiled from URA statistics  -  1,013 words
  • Article, Illustration
    Lock icon S’pore factory output contracts 1.2% in Sept
    609 1  -  But better-than-expected Q3 manufacturing performance seen boosting Q3 GDP slightly By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S manufacturing output contracted 1.2 per cent in September, performing worse than expected but it was still enough for some economists to see a slight upward revision
    Singapore Economic Development Board (EDB)  -  609 words
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      43 1 the business times www. usinesstimes.com. g OCTOBER 25-26, 2014 S$1.00 MCI (P) 052/08/2014 WEALTH The ins and outs of share buybacks 28 DINING Serangoon Gardens turns hip L6-7 the raffles conversation EGON ZEHNDER CHAIRMAN DAMIEN O’BRIEN 8-9 LIVING Making time for Asia L2-4
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  • TOP STORIES
    • Article
      Lock icon Doctor with Ebola in New York hospital after return from Guinea
      641 2 He is the fourth person diagnosed with the disease in US and the first in its largest city Reuters New York A DOCTOR who worked in West Africa with Ebola patients was in an isolation unit in New York
      Reuters  -  641 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,222.55 (-13.95) HSTI FUTURES 3,222.00 (-12.00) HSIMSCI 362.80 (-1.70) HSIMSCI FUTURES 362.40 (-1.80) Friday Change KL COMP 1,818.86 +8.18 NIKKEI 225 15,291.64 +152.68 HANG SENG 23,302.20 -30.98 SET 1,539.91 +7.19 JAKARTA 5,073.07 -30.45 MANILA 7,103.55 -12.58 KOSPI 1,925.69 -5.96 SHENZHEN B 957.87 +2.29 MUMBAI IND Closed 12 noon
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.755 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.276 (US$/S$ per 1.603 2.046 EURO (US$/S$/€ 1.264 1.613 Foreign currency per US$ S$ YEN 108.20 84.80 RM 3.279 2.569 HK$ 7.758 6.080 BAHT 32.41 25.39 RUPIAH 12,076 9,463 RENMINBI 6.117 4.794 INDIAN RUPEE 61.17 47.94 A$ 1.141 0.894 NZ$ 1.276 1.000
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    • Article, Illustration
      Lock icon Office segment the star performer but what’ll happen when the party ends?
      903 4  -  URA’s Central Region office price index up 1.6% in Q3, office rental index up 2.6% By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE office segment has emerged as the star of Singapore’s property market in terms of prices and
      Source: URA  -  903 words
    • Article, Illustration
      Lock icon Rough patch? Life can be such a pitch
      688 6  -  Jojo left his home in Tucson, Arizona, For some California grass. –‘Get Back’, The Beatles SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Correspondent AS I rummaged around in the admittedly shallow annals of my mind for something to say about the sandy tribulations
      688 words
    • Article
      Lock icon American universities produce most billionaires
      668 6  -  University of Pennsylvania leads the pack, Mumbai U is only Asian institution among top 10 By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore WHERE can you invest US$160,000 and get back a cool billion dollars? In an American university it seems well, at least in some of
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    • Article
      Lock icon New panel to review appeals by SMEs for Spring S’pore grant
      442 7  -  It comprises 17 members from various fields in the private sector and starts from Nov 1 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SMALL and medium enterprises (SMEs) that were turned down in their application for Spring Singapore’s capability development
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    • Article, Illustration
      Lock icon StarHub, Nokia to offer multi-view video feeds at live events
      386 7  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IMAGINE going to watch a football match at a stadium and being able to get a mul-ti-view experience of the action on your smartphone or tablet computer, and in real time as well. Local
      386 words
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      67 2 CONTENTS LIVING NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-15 Real Estate 16-17 Banking Finance 18 Energy Commodities 19 Technology 20 Transport 22 Govt Economy 23-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Watches L2-4 Design L5 Dining L6-7 Shopping L8-9 Home Garden L10-11 Health L12-13 Motoring L14-15 Sports
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      77 5 Piyush Gupta Chief Executive Officer DBS Bank Best Private Bank, Singapore 2014, Euromoney, FinanceAsia and The Asset Best Private Bank, Singapore 2013, Professional Wealth Management/The Banker Start a conversation with us at +65 6227 7188 or www.dbs.com/privatebank Asia's Safest, Asia's Best Safest Bank, Asia 2009-2014, Global Finance Best Managed Bank,
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      32 7 i/v/V $1.8 MILLION Estimated Draw on Mon, 27 Oct 2014 at 6.30pm For details, visit www.singaporepools.com.sg p |_/\yA Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Building leadership
      2759 8 / 9  -  Egon Zehnder chairman Damien O’Brien explains how his firm is leading the search for leadership talent in a changed world as a ‘global, equal partnership’. By Vikram Khanna By Vikram Khanna vikram@sph.com.sg IN JUNE 1964, a 34-year-old Swiss named Egon Zehnder founded Europe’s first executive search firm. Named
      PHOTO: ARTHUR LEE  -  2,759 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon CCT Q3 DPU up 2.9% to 2.10 Singapore cents
      527 10  -  Its portfolio committed occupancy rate is at 99.4%, above the market occupancy rate of 96.6% By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore CAPITACOMMERCIAL Trust’s (CCT) distribution per unit (DPU) for the third quarter rose 2.9 per cent, from 2.04 to 2.10 Singapore
      527 words
    • Article
      Lock icon Mapletree Commercial Trust Q2 DPU up 9.4%
      358 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAPLETREE Commercial Trust on Friday reported a 9.4 per cent increase in distribution per unit (DPU) to 1.97 Singapore cents for its second quarter ended Sept 30, 2014. This came on the back of an 11 per
      358 words
    • Article
      Lock icon CapitaRetail China Trust’s Q3 DPU up 10.3%
      257 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CAPITARETAIL China Trust (CRCT) on Friday posted a 10.3 per cent increase in its distribution per unit (DPU) to 2.35 Singapore cents for its third quarter ended Sept 30, 2014. Income available for distribution rose 14.1 per
      257 words
    • Article
      Lock icon MGCCT’s Q2 DPU up 10.4% on rental boost
      290 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore MAPLETREE Greater China Commercial Trust has posted an 11.9 per cent increase in distributable income for its fiscal second quarter on the back of higher rentals. The real estate investment trust’s income available for distribution to
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    • Article, Illustration
      Lock icon STI posts 1.7% weekly gain in two-tier market
      602 12  -  STOCKS| R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent ANYONE who harboured doubt that this is a two-tier market need only study this week’s trading for proof. ction in the top end of the stock size spectrum was heavily concentrated on the banks, Jardine
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    • Article
      Lock icon First Sponsor Q3 profit falls 21.4%
      171 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore FIRST Sponsor Group posted a 21.4 per cent drop in net profit during its fiscal third quarter as it could not match a sizeable site sale from a year ago. The Chinafocused property developer and financing services provider
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    • Article
      Lock icon GAINERS
      74 12 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 603.6 2.5 *****/***** SPDR DJIA US$ ***** 139.1 0.7 *****/***** SPDR S&P500 US$ ***** 111.0 0.5 *****/***** DBXT MSEurope US$ 5600 70.2 1.0 6492/5366 JSH USD 3477 43.4 1.0 3810/3006 BY PERCENTAGE CLOSE UP 52w high/low Armarda 0.4 33.3
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      Lock icon LOSERS
      77 12 BY CENTS CLOSE DOWN 52w high/low DBXT USDIGIfl US$ ***** -191.4 -0.5 *****/***** Lyxor Indonesia US$ 9010 -118.7 -1.0 9636/6957 GLD US$ ***** -104.6 -0.7 *****/***** Jardine C&C 3979 -58.0 -1.4 4901/3330 DBXT Nifty US$ ***** -49.8 -0.3 *****/9759 BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB ePW*****4 10.2
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    • Article
      Lock icon MOST ACTIVE
      35 12 VOLUME OLS Enterprise 69,035,000 IHC 59,457,000 APAC Strategic 47,951,000 Oceanus 38,577,000 Charisma Energy 37,215,000 Market volume 1,401,622,000 VALUE SingTel 109,927,055 Keppel Corp 53,536,750 UOB 51,554,825 CapitaLand 31,061,930 DBS Grp 28,039,852 Market value 907,931,000
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    • Article
      Lock icon Ezra posts 10% rise in Q4 net to US$11m
      447 12  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore EZRA Holdings saw its net profit for the fourth quarter ended August jump 10 per cent, from US$10.04 million to US$11.0 million. This was on the back of a 6 per cent increase in revenue,
      447 words
    • Article
      Lock icon STI STOCKS
      309 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 cd -1 232/227 250 206 6.2 5786.2 CapitaLand 305 +4 305/300 348 268 15.3 2.6 *****.5 CapitaMall Trust 195 xd -3.5 196/194 209 180 5.3 6761.7 CityDev 963 +6 969/948 1118
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    • Article
      Lock icon SGX ETFs Most Active
      110 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 327 82 328/326 343/298 326/327 ABF SG Bond ETF 117 +1 34 117/117 118/108.3 116/117 534.1 DBXT MSINDO us$ US1445 -10 28 1457/1442 1600/1110 1439/1445 Lyxor CRBNonEny US$ US234 24 234/234 261/228 233/236 25
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    • Article
      Lock icon SIBOR
      31 14 Oct 24 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      778 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 20 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Accordia Golf Tr 21-Oct-14 Daiwa Securities Co Ltd Buy 500 0.85 ***** 5.98 ***** 6.02 Accordia Golf
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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 4 9 2 0 0 0 4 9 2 Manufacturing 44 41 38 8 6 8 52 47 46 Commerce 13 19 21 3 7 3 16 26 24 Tpt/Stor/Comms 13 18 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,210 25,210 84,523 84,523 Manufacturing 179,509 32,469 211,978 75,829 2,911 78,740 Commerce 97,180 20,927 118,107 63,703 1,396 65,100 Tpt/Stor/Comms 125,312 2,122 127,434 201,640 376 202,017 Finance 36,754 473 37,227 121,365 95 121,461 Construction 21,708 63,378
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Oct 24 VALUE CLOSE BT OB/OS -764.00 -31.00 BT CADI -*****.00 +3.00 BT 10-day MA -*****.00 -76.00 FTSE ST Mid Cap 747.66 +1.11 FTSE ST Small Cap 514.25 +1.80 FTSE ST All Share 780.58 -2.23 FTSE ST China Top 187.35 +0.39 FTSE ST China 222.78 +0.01 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 14 VOL CLOSE($) CHANGE HuanHsin 4,850.0 0.021 -0.003 -12.50 Europtronic 947.0 0.020 +0.005 +33.33 SamuderaShipping 1,029.0 0.191 +0.022 +13.02 K1 Ventures 7,846.0 0.205 +0.021 +11.41 China Yongsheng 1,583.0 0.018 -0.002 -10.00 Natural Cool 230.0 0.126 -0.016 -11.27 Asian Micro 500.0 0.015 +0.002 +15.39 Asia Fashion 221.0 0.088 +0.018 +25.71
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    • Article
      Lock icon COMMODITY FUTURES
      212 15 Oct-23 Price Net change change Last Trade Agricultural Oct-23 CBOT Soybeans (US cents/bu) 993.25 30.50 3.17% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.67 0.53 1.65% 12/12/2014 CBOT Wheat (US cents/bu) 526.75 4.50 0.86% 12/12/2014 Oct-23 LIFFE Cocoa (£/tonne) 2031.00 2.00 0.10% 12/12/2014 LIFFE Coffee (US$/tonne) 2008.00 -17.00 -0.84%
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    • Article
      Lock icon PALM OIL
      57 15 Oct 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2203.0 2199.0 2211.0 2192.0 553 4604 Dec 14 2185.0 2183.0 2199.0 2177.0 8180 ***** Jan 15 2182.0 2181.0 2194.0 2172.0 ***** ***** Feb 15 2184.0 2181.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      63 15 Oct 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.15 106.17 106.17 5-Year N*****0H 1.625 01-Oct-19 101.07 101.20 101.12 10-Year NY*****H 3.000 01-Sep-24 106.62 106.80 106.65 15-Year NY*****E 2.875 01-Jul-29 102.68 20-Year NZ*****V 3.375 01-Sep-33 108.6 30-Year NA*****N
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Oct 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1182 1.1190 0.8763 0.8768 Canadian dollar 1.1373 1.1380 0.8917 0.8913 Euro 1.6131 1.6136 1.2642 1.2644 NZ dollar 0.9999 1.0002 0.7836 0.7837 Sterling pound 2.0452 2.0459 1.6028 1.6031
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 15
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      213 15 Most active Oct 24 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left UOB MB eCW*****2 9.7 -1.4 6390 0.1 2360 5 DBS MB eCW*****6 9.2 -0.4 3270 0.2 1880 3 SingPost MBeCW*****2 7.8 1.3 2799 0.4 180 6 TIH
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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 23 Index Change Change Change Change Change Change World Preliminary 1212.3 1.0 2.3 1.1 1.0 0.8 0.0 EAFE Preliminary 935.2 0.4 -2.2 0.4 -6.3 0.1 -7.3 Europe Preliminary 1330.9 0.7 -1.8
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      37 11 Credit Suisse Who’s giving Lindt’s CEO reason to celebrate? The acquisition of Russell Stover/Whitman’s is helping Lindt’s global growth gain momentum. Find out how Credit Suisse could give you something to celebrate at credit-suisse.com/lindt P-t W>u m
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      70 13 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
      70 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon China home prices fall 1.3% in September
      541 16 Drop wipes out a year’s gains, raises expectations government will have to add stimulus to buffer blow to economy Reuters Hong Kong CHINESE home prices fell for a fifth straight month in September, wiping out a year’s gains and raising expectations the government
      Reuters; PHOTO: REUTERS  -  541 words
    • Article
      Lock icon UK agent alert points at housing momentum reversal
      391 16  -  By Chris Hughes REUTERS BREAKINGVIEWS London THE accepted truths of the world’s favourite property market are losing their certainty. The latest update from real estate agent Foxtons suggests that London is not a one-way ticket to riches, nor is it underwritten by
      REUTERS BREAKINGVIEWS  -  391 words
    • Article
      Lock icon Google buys 6 Silicon Valley office buildings for US$585m
      308 16 Bloomberg Seattle GOOGLE Inc has bought six office buildings north-west of its Silicon Valley headquarters from Starwood Capital Group and Blackstone Group in a US$585 million deal, two people with knowledge of the matter said. The properties are part of the
      Bloomberg  -  308 words
    • Article
      Lock icon Househunt
      1081 17 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 10 AND SEPT 16, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED 76 Shenton Apt 11/09/2014 99 969 1150 1187 The Arris Apt 15/09/2014 FH 667
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  • BANKING & FINANCE
    • Article
      Lock icon 21 nations back new regional lender
      548 18 Bank is intended to address burgeoning Asian demand for transportation, dams, ports and other facilities Reuters AFP Shanghai CHINA and 20 other countries moved forward on Friday towards setting up an Asian infrastructure lender seen as a counterweight to Western-backed international development banks. The
      Reuters; AFP  -  548 words
    • Article
      Lock icon Fed to stress-test 31 large US banks for dire scenarios
      549 18 Bloomberg New York THE Federal Reserve said it will scrutinise how 31 large US banks, including JPMorgan Chase Co and Citigroup Inc, would respond to a plunge in equity and housing prices and a sharp downturn in the global economy.
      Bloomberg  -  549 words
    • Article
      Lock icon Swiss banks want to review amnesty terms
      213 18 Reuters New York LAWYERS representing 73 Swiss banks seeking to avoid a tax-eva-sion probe by United States authorities wrote a letter to the US Department of Justice raising questions over a dozen demands, including the banks’ cooperation with other nations. In the Oct
      Reuters  -  213 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Eastern Europe ‘shivers’ even before winter
      954 19 Stalled Moscow-Kiev gas talks revive memories of Russian energy cuts during unusually cold weather in 2006, 2009 Bloomberg Prague AS winter approaches, former Soviet satellite nations from Poland to Bulgaria are watching Russia and Ukraine’s stalled gas negotiations with growing trepidation. The lack of
      Bloomberg  -  954 words
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      83 19 KEEP YOUR ERR CHARGES IN CHECK. EIRIP El Asa ERR ii a Find a property near your workplace or MRT stations using ST .sg LDI lUKtprUBi.lSnr.K- Of\-iA EPPY sk Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 BEST CLASSIFIED WEBSITE with over 1 million unique monthly visitors
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  • TECHNOLOGY
    • Article
      Lock icon SAP to set up innovation centre here
      600 20  -  It will deliver breakthroughs centred on smart cities, industry, healthcare digital consumers By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore GERMAN enterprise software major SAP on Friday announced a number of measures to develop innovation and infocomm technology (ICT) talent in Singapore and the
      600 words
    • Article, Illustration
      Lock icon ‘Cloud’, Xbox help Microsoft beat Q1 earnings expectations
      518 20 AFP San Francisco MICROSOFT on Thursday reported quarterly profits ahead of most expectations, as revenues got a boost from its Xbox consoles and Internet “cloud” services for enterprises. Net profit in the fiscal first quarter dipped to US$4.5 billion from US$5.2 billion
      AFP  -  518 words
    • Article
      Lock icon Amazon’s cloud division returns to growth in Q3 after price cuts
      404 20 Bloomberg San Francisco AMAZON.COM Inc’s cloud division returned to growth after a hiccup earlier this year, as price cuts attracted new customers and spurred existing clients to spend more. The online retailer reported third-quarter sales of US$1.34 billion for
      Bloomberg  -  404 words
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      204 21 Subscribe Now, Unbox Your Very Own Dell Laptop. Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the Dell Vostro 5470. only $59.90;, /month Available to UOB and Citibank Credit Card holders only T1TE STRAITS TIMES XN V v v Ml Travel light and stay
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  • TRANSPORT
    • Article, Illustration
      Lock icon Qantas sees 1H profit after record FY14 loss
      445 22 Carrier on track to complete cost-cutting programme: CEO AFP Sydney QANTAS chief executive Alan Joyce on Friday said the Australian carrier expects to post a pre-tax profit in the three months to September following a record net loss, and was on track
      AFP  -  445 words
    • Article
      Lock icon LA port chief sees initial union deal within weeks
      389 22 Bloomberg Los Angeles CONTRACT negotiations between shippers and 20,000 dockworkers at West Coast ports are progressing towards a tentative agreement in November, the head of the largest harbour said. Gene Seroka, executive director of the Port of Los Angeles, said that
      Bloomberg  -  389 words
    • Article
      Lock icon Defective airbags affect more than 30m cars, trucks in US
      343 22 WP Washington MORE than 30 million cars and trucks nationwide are equipped with dangerously defective airbags, congressional officials say, a number that raises questions about whether the US auto industry can handle what could become the largest recall in history.s
      WP  -  343 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Cameron faces row over EU demand for 2.1b euros
      394 23 Under new budgetary calculations, UK has to pay the surcharge as its economy is thriving AFP Brussels PRIME Minister David Cameron faces a fresh showdown with the EU after Brussels on Thursday demanded an extra 2.1 billion euros (S$3.39 billion) from
      AFP  -  394 words
    • Article
      Lock icon EU budget rules at centre of tensions over growth
      317 23 Reuters Brussels GERMANY and France both called for economic growth to be at the heart of the eurozone’s budget strategy on Thursday but German Chancellor Angela Merkel warned against returning to the pre-crisis days of high spending to try to revive
      Reuters  -  317 words
    • Article, Illustration
      Lock icon Plan for straw poll on govt proposals
      485 24 Student leaders decide on electronic poll after Tuesday’s failed talks with officials HONG KONG PROTESTS Reuters Hong Kong HONG Kong protesters plan to hold a straw poll on government proposals they rejected earlier in the week as their street campaign pushing for democracy
      Reuters; PHOTO: REUTERS  -  485 words
    • Article, Illustration
      Lock icon Japan minister in fresh crisis after S&M scandal
      442 24 AFP Tokyo JAPAN’S industry minister came under renewed pressure on Friday over his stake in the operator of the Fukushima nuclear plant that he oversees, just a day after admitting his underlings had spent office cash at a sex bar. Japan’s usually
      AFP; PHOTO: AFP  -  442 words
    • Article
      Lock icon Indonesia graft body probes former ministers
      284 24 Bloomberg Jakarta INDONESIA’S anti-graft agency, tasked by President Joko Widodo, also known as Jokowi, to assess candidates for his cabinet, said it is investigating several ministers in former leader Susilo Bambang Yudhoyono’s government and wants the incoming team and their spouses to sign an
      Bloomberg  -  284 words
    • Article, Illustration
      Lock icon EU leaders agree on most ambitious 2030 climate change targets
      541 25 But environmental groups complain that the deal did not go far enough AFP Brussels EUROPEAN Union leaders agreed on Friday what they hailed as the world’s most ambitious climate change targets for 2030, paving the way for a new UN-backed
      AFP  -  541 words
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      79 23 ':2» KS-'- Follow our travel tips and share yours too The Straits Times' new Travel Community has tips on the must-stays, must-dos and must-eats in Singapore and other countries. Send in your favourite travel experiences and be published alongside our journalists. Log on to stcommunities.sg/travel Travel Writer Lee Slew Hua
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      202 25 A Night To Savour THE BUSIN ESS 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
      202 words
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  • OPINION
    • Article, Illustration
      Lock icon Ebola – stop the virus at its source
      871 26 / 27  - Ebola stop the virus at its source Measures such as banning flights, airport screening would not be as efficacious as helping the West African countries fight the outbreak. By Nicholas Kristof By Nicholas Kristof NYT AN alarming new symptom of Ebola in America: It seems to make brains mushy and
      NYT; PHOTO: REUTERS  -  871 words
    • Article
      Lock icon Say no to clothes made with Angora rabbit fur
      806 26 / 27  -  By Lionel Lee ~The writer is chairman of Platinum Circle, a global business group of corporations WHILE the angora rabbit is not facing any threat of extinction due to a contagious cancer like the Tasmania Devil, it is enduring a suffering
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  • Wealth
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      Lock icon The ins and outs of share buybacks
      813 28 nsiders look at the future when buying for themselves, but buybacks are done for the present NYT IS it a hopeful sign for the stock market when executives and directors step up purchases of their companies’ shares? It depends on whether they’re trying
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    • WEALTH INVESTING
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        Lock icon Can The Little Book beat the market?
        1358 30 Using variations of the book’s approach, Gotham funds have grown to US$4.8b in assets from US$1b in January NYT New York JOEL Greenblatt had been a successful investor for two decades before his best-sell-ing The Little Book That Beats the Market was published
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      • BROKERS' take
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          Lock icon Ascott Residence
          128 30 T rust/Buy DBS Group Research Oct 24 Oct 24 close: S$1.24 Target price: S$1.40 ASCOTT Residence Trust (ART) announced the acquisition of three operating serviced residences in Greater Sydney. The A$83 million (S$93 million) consideration represents a 2 per cent discount to independent valuation. The properties are operated
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          Lock icon Sino Grandness
          200 30  -  Compiled by Jamie Lee Hold Maybank Kim Eng Research Oct 24 Oct 24 close: S$0.49 Target price: Under review SINO Grandness’s share price retreated 12.5 per cent in three trading days under attack from a short-seller who questioned its financial creditability. Management hosted an investors’ meeting this week
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      100 29 EARNINGS ARE PICKING UP IN EUROPE (Trailing Earnings Growth, MSCI) 1.0 0.8 0.5 0.3 0.0 -1.5 -1.8 2008 2009 2010 2011 2012 2013 2014 Earnings growth, US companies Earnings growth, European companies Source: MSCI, Bloomberg, BNPP IP, July 2014 FLEXIBLE ASSET ALLOCATION s t ro n g e x p
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  • LIFE & CULTURE
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      Lock icon Williams to face Wozniacki in semi-final
      486 31  -  Sharapova and Ivanovic eliminated on action-packed day as Halep and Radwanska make it through WTA SINGAPORE By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE original field of eight at the BNP Paribas Women’s Tennis Association (WTA) Finals in Singapore was whittled down to four on
      PHOTO: REUTERS  -  486 words
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      Lock icon ‘French wine’ from Virginia enjoying spirited growth
      491 31 AFP Crozet, Virginia WHEN Matthieu Finot moved to Virginia, he planned to stay for only a year. That was a decade ago. He is now among a growing number of French winemakers setting up shop in the US state, where former president and
      AFP  -  491 words
  • Page 31 Miscellaneous
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      309 31 CRYPTIC CROSSWORD Across 1 Girl who went to Palace after church for Cup (7) 5 Overweight female seen with science centre times (6) 9 Natural impulse in street and in court (8) 11 Almost in Norway before the due time (6) 12 Bad luck with Jack batting, needing ten (4)
      309 words
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      149 32 AND32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. SINCE FIRST CREATED, THE CHRONOGRAPH HAS BEEN ONE OF THE MOST ARTICULATE EXPRESSIONS OF THE ROYAL OAK MARQUE. WHILE IT WAS THE ORIGINAL STEEL ROYAL OAK THAT SHOCKED THE WORLD OF HAUTE HOROLOGY IN 1972, THE PRESENCE OF THIS 41
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      55 1 DESIGN Transforming China’s architectural scene L5 DINING Serangoon Gardens turns hip L6-7 MOTORING SUV surprise L14-15 SPORTS Football legends to square off L16 BEAUTY Wild about wild plants L9 HOME GARDEN Quarters of an urban nomad L10-11 PHOTO: OFFICINE PANERAI MAKING TIME FOR ASIA Watches and Wonders make a triumphant
      55 words
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    • WATCHES
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        Lock icon Making time for Asia
        463 2 / 3  -  Luxury timepiece fair, Watches Wonders, made a triumphant return to Hong Kong. By Dylan Tan By Dylan Tan IT’S official Swiss luxury watches are no longer just boys’ toys. For too long, men were spoilt for choice when it came to picking out a timepiece for
        PHOTO: WATCHES AND WONDERS 2014  -  463 words
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        Lock icon Feminine complexity
        416 2 / 3 Watchmakers get serious about women’s timepieces THERE was a time when luxury watches were something for men only, with watchmakers paying more attention to male timepieces than they did for females’. All that has changed in recent years as the trend of wearing large watches saw women frustrated
        416 words
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        Lock icon An Asian persuasion
        446 2 / 3 Red, the number ‘8’ and dragons rule timepieces made exclusively for this region WITH Hong Kong maintaining its stronghold as the number one importer of Swiss luxury watches, it was unsurprising to see many brands pulling out all stops to make sure they left an impression with
        446 words
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        Lock icon Making history again
        452 4 Some maisons turn back the clock to remind visitors of where it all begun as they put updated spins on classics dylantan@sph.com.sg @DylanTanSYBT WHEN you’ve got brand heritage behind you, there is little reason to reinvent the wheel just for the sake of doing it. Which is
        452 words
    • DESIGN
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        Lock icon Transforming China’s architectural scene
        1012 5  -  Lyndon Neri and Rossana Hu of Shanghai-based Neri&Hu Design are part of a new breed of architects shaping the urban scape of China. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT ARCHITECT/DESIGNERLyndon Neri recalls attend- ARCHITECT/DESIGNERLyndon ing a church when he was a child in Cebu. “The
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    • DINING
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        Lock icon Serangoon Gardens turns hip
        1553 6 / 7  -  The new slew of dining concepts in Serangoon Gardens are hipper, more polished, and perhaps a harbinger of change to the F&B scene in the sleepy neighbourhood. By Tiong Li Cheng By Tiong Li Cheng IT’S hard to miss the smell of wok-fried Hokkien prawn noodles
        1,553 words
    • SHOPPING
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        Lock icon CHIC BUYS
        206 8  -  By May Yip WITH queues snaking through the car park and onto Republic Boulevard, the Club 21 Bazaar at Pit Building has once again attracted hoards of bargain hunters scouring for a good deal. The preview might have taken place on Wednesday, but there are still plenty of
        PHOTOS: YEN MENG JIIN  -  206 words
    • BEAUTY
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        Lock icon Wild about wild plants
        887 9  -  Owner of Clarins talks about how he incorporates his love for nature into the products. By May Yip By May Yip CHRISTIAN Courtin-Clarins is not a fan of air-conditioning. Casually clad in a but-ton-down shirt sans blazer an d t i e Clarins and president of
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    • HOME & GARDEN
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        Lock icon Quarters of an urban nomad
        1168 10 / 11  -  The home of Hajar Ali, the first woman to cross the world’s largest sand desert, is filled with quirky items, mostly picked up on her travels to far-flung locales. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT AVISIT to Hajar Ali’s
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    • HEALTH
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        Lock icon UK to boost funding for fight against Ebola
        1075 12 / 13 It urges fellow European countries to do more to help with the health crisis in West African countries NYT Brussels WITH the World Health Organization warning that Ebola is still spreading “exponentially” in the hardest hit countries of West Africa, Britain on
        NYT; PHOTO: REUTERS  -  1,075 words
    • MOTORING
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        Lock icon SUV SURPRISE
        590 14  -  The 2 SUVs are at both ends of the price spectrum; one is luxe, the other less so, but both are tall with roomy interiors. By Samuel Ee By Samuel Ee samuelee@sph.com.sg ML could very well stand for “much-MaLigned” because the first impressions of the original mid-sized SUV
        590 words
      • Article, Illustration
        Lock icon Return of the Outlander
        702 15  -  By Samuel Ee samuelee@sph.com.sg MITSUBISHI is back, with a bang and a couple of new models. Actually, the Japanese brand never really went away; it merely shrank its operations in line with the contracting market and chose to operate out of a single showroom in Ubi
        702 words
    • SPORTS
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        Lock icon Football legends to square off
        828 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent EVEN though he has his hands full running Singapore-based property developer Castlewood Group, the company’s chief executive officer Chris Comer tries to make sure he is somewhere near a TV set whenever his favourite football team is
        PHOTOS: THE STRAITS TIMES, LIVERPOOL FC  -  828 words
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      220 2 / 3 Deutsche Bank Time Present Photography from the Deutsche Bank Collection 3 October 2014-8 February 2015 Singapore Art Museum Level 3 Gallery SAM @8Q 8 Queen Street, Singapore *****5 Ji "Art Works" is Deutsche Bank's global programme dedicated to bringing contemporary art to as many people as possible whether in the
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      868 12 / 13 wine&dine with BTWeekend Marina Mandarin Singapore 6 Raffles Boulevard Corporate Events Enjoy premium accommodation paired with ultimate convenience. From S$290++ for a Deluxe Room, enjoy complimentary breakfast and internet access, perfect for the ultimate business traveller. Top off the experience with our full day meeting package at S$95++ per person
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