The Business Times, 28 October 2014

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Total Pages: 32
1 32 The Business Times
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  • Title Section
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    28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G n@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Tuesday, 2
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  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 3,226.11 +3.56 KL COMP 1,823.15 +4.29 NIKKEI 225 15,388.72 +97.08 HANG SENG 23,143.23 -158.97 SHENZHEN B 958.95 +1.08 DOW (noon EDT) 16,773.14 -32.27
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  • Article, Illustration
    Lock icon DAILY DIGEST
    218 1 More businesses will be able to buy power directly from electricity retailers or the wholesale electricity market from next year, as Singapore gradually liberalises its electricity market. TOP STORIES 2 Japan and China, along with several European countries, are tussling to supply a high-speed rail link between Singapore
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  • Article
    Lock icon Silver lining for Japan foreign investment
    721 1  -  Singapore firms pump in US$533m in first six months, up from US$325m for whole of 2013 By Chuang Peck Ming peckming@sph.com.sg Singapore JAPAN’S renewed effort to draw foreign investment appears to be gaining traction. After sliding for three years, foreign investors including those from
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  • Article
    Lock icon New corporate governance rating framework for SMEs
    747 1  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SOME 79 per cent of listed small and medium enterprises (SMEs) do not have independent directors who are experienced in their industry, and 65 per cent lack the presence of unrelated substantial shareholders, according to a
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      83 1 *****1 *****4 OFFICE MARKET INVESTMENT BANKING INNOVATION Local manufacturer races to tap potential in medical technology SME 31 Credit Suisse proves mettle with Temasek-linked bids 21st level of Samsung Hub sold at S$3,280 psf TOP STORIES 6 FINANCIAL REGULATION EU bank stress test: A tale of two capital scores BANKING
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  • TOP STORIES
    • Article
      Lock icon More businesses to enjoy power supplier choices
      435 2  -  From July 1, those consuming at least 2MW an hour can buy from electricity retailers; government pumping S$45m to build power sector By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore MORE businesses will be able to buy power directly from electricity retailers or the wholesale
      435 words
    • Article, Illustration
      Lock icon Falling oil prices could be a curse for KL
      632 2  -  Being net importers, rest of Asian economies expected to gain from low prices By S Jayasankaran btworld@sph.com.sg Kuala Lumpur WHILE falling oil prices are a boon for Asian economies, Malaysia is the exception, being the only net oil exporter in a
      PHOTO: AFP  -  632 words
    • Article, Illustration
      Lock icon Catcha unit gives growth stage firms a US$75m boost
      557 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A NEW US$75 million venture fund has been launched by global investment firm Catcha Group to support growth-stage companies dabbling in new media, mobile and technology in South-east Asia, seeking to plug the current gap
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    • Article
      Lock icon Tokyo pulls out all stops in tussle for high-speed train projects
      949 4  -  It faces stiff competition from China in the bid to supply systems to Singapore, Malaysia, Thailand and Vietnam JAPAN MOVES By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN and China, along with several European countries, are tussling to sell high-speed rail
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    • Article, Illustration
      Lock icon Good governance, valuations pique funds’ interest in Japan stocks
      763 4  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore FUND managers could awaken the Japanese market from its slumber this year as they begin betting on the country’s stocks. Arnout van Rijn’s 900 million euro (S$ 1.4 billion) Asia-Pacific equity fund is 44 per
      PHOTO: REUTERS  -  763 words
    • Article, Illustration
      Lock icon Credit Suisse S’pore proves mettle with Temasek-linked jobs
      762 6  -  It is set to post its best revenue showing for its investment banking arm since 2009 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CREDIT Suisse Singapore is set to post this year its best revenue showing for its investment banking arm since 2009,
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    • Article, Illustration
      Lock icon DBS ties with HSBC, StanChart in S’pore trade finance
      590 6  -  They provide corporates with an international network matching their trade flows: report By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore DBS Bank’s push in the trade finance business has clinched it a place among the global banks. While HSBC continues to dominate
      Source: Greenwich Associates 2014 Asian Large Corporate Trade Finance Study  -  590 words
    • Article
      Lock icon Pending sales of US existing homes rise less than forecast
      583 6 LATEST US DATA BLOOMBERG Washington CONTRACTS to purchase previously owned homes rose less than forecast in September, showing housing will take time to gain momentum. The pending home sales index increased 0.3 per cent after dropping 1 per cent in
      BLOOMBERG  -  583 words
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      405 2 Over 200 Participants Expected to Convene LNGA 2015 Network with Who's Who of the International LNG Industry Hear from over 30 LNG Industry Experts Supplies for Asian Markets 2-5 March 2015 2015 Official Opening and Keynote Ministerial Address By: THE 10TH LNG SUPPLIES FOR ASIAN MARKETS 2015 Asian LNG Markets
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      306 2 0 J Parents'Preview So what is Heuristics? There are systematic frameworks to achieving the ultimate A* in PSLE Maths and Science. One framework is heuristics. Heuristics equips students with higher-order thinking skills to solve complex and unfamiliar problems which can't be solved if you rely on logic or memory of
      306 words
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      186 4 FUTURE i l t I I l S I I iff CHINA ADVANCED LEADERS PROGRAMME ATTEND THE INFO SESSION REGISTER NOW! Groom ingfi dare leaders to be “China-ready”, “China-savvy” and “Connected” Next Intake: A March May 2015 Up your China-quotient and future-proof your business with Future China Advanced Leaders Programme.
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  • Page 6 Advertisements
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      155 6 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices f /"V -g yg Held Alongside: OSEA2014 A wT ech2014 The 20th International Oil Gas Industry Exhibition Conference frl' w V I SINCE 1976 PLATINUM EDITION 2-5 December 2014 Tuesday Friday
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  • COMPANIES & MARKETS
    • Article
      Lock icon Raffles Medical Group posts 11.3% rise in Q3 profit
      562 8  -  Growth in healthcare, hospital services behind higher revenue; says expansion of Raffles Hospital to start by year-end By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PRIVATE healthcare operator Raffles Medical Group’s (RMG) net profit rose 11.3 per cent year on year to S$
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    • Article
      Lock icon KLW to acquire stake in Mega Sun for 85m yuan
      320 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore LISTED door manufacturer and investment holdings company KLW Holdings has entered into a sale-and-pur-chase agreement with Prosperity Real Estate Holdings to acquire a45.45 per cent stake in Mega Sun Development for 85 million yuan
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    • Article
      Lock icon Perennial Real Estate to make offer for remaining PCRT units
      564 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore PERENNIAL Real Estate Holdings Limited (PREHL) has announced its firm intention to make a voluntary conditional offer to acquire the remaining units in Perennial China Retail Trust (PCRT) in exchange for PREHL shares. Unitholders
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    • Article, Illustration
      Lock icon Week-long pow-wow takes off on strong footing
      351 11 125 firms join initiative to uphold and advance good standards CORPORATE GOVERNANCE Singapore THE Securities Investors Association (Singapore) is holding the 5th Singapore Corporate Governance Week 2014 on Oct 27-31, 2014. CG Week has received endorsement and support from the Accounting and Corporate
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    • Article
      Lock icon S’pore’s corporate governance must go beyond legal compliance
      670 11  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore AS Singapore’s markets continue to evolve, corporate governance must raise its game beyond mere legal compliance to preserve shareholder interest as well as market confidence. KPMG’s survey of corporate responsibility reporting had found an increase
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    • Article
      Lock icon HPH Trust Q3 profit falls 9% to HK$490.7m
      474 12  -  Revenue rises 1.7% to HK$3.42b; group optimistic about its outlook By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore HUTCHISON Port Holdings Trust (HPH Trust) reported a 9 per cent drop in its third-quarter net profit on Monday to HK$490.7 million (S$80.7 million), from the
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    • Article
      Lock icon Absence of fair value gain hits Second Chance’s Q4 earnings
      351 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SECOND Chance Properties on Monday reported an 88 per cent slide in net profit to S$5.7 million, on the back of a 16.1 per cent decline in revenue to S$17.9 million for its fourth
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    • Article, Illustration
      Lock icon Completion of APS RTO deal extended
      321 12  -  HOT STOCK By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore TRADERS balked at the uncertainty of Asia-Pacific Strategic Investments’ reverse takeover deal involving miner Coeur Gold Armenia after the firm said for the second time that the deal needed more time to be sealed. APS shares
      Source: Bloomberg  -  321 words
    • Article
      Lock icon OKP’s profit falls 2.4% to S$281,000 in Q3 even as revenue rises 0.8%
      497 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore INFRASTRUCTURE and civil engineering company OKP Holdings on Monday reported a 2.4 per cent drop in net profit to S$281,000, while revenue rose a marginal 0.8 per cent to S$26.2 million
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    • IN BRIEF
      • Article
        Lock icon Asiatravel eyes more bookings through TripAdvisor tie-up
        143 12 CATALIST-quoted Asiatravel.com Holdings has become the first online travel agency in Asia-Pacific to take part in TripAdvisor’s instant booking feature. The instant booking feature, which is currently available to US travellers through the TripAdvisor mobile app and website, allows users to make hotel
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      • Article
        Lock icon Boustead unit wins RM90m deal to build facility in Kedah
        139 12 BOUSTEAD Singapore on Monday said it has recently won a construction management and construction contract worth RM90 million (S$35 million). The contract was clinched by BP Engineering Solutions Sdn Bhd, a unit of its wholly owned subsidiary Boustead Projects, an
        139 words
      • Article
        Lock icon ST Aerospace injects US$4.87m into pilot training business
        97 12 ST ENGINEERING’S aerospace arm, ST Aerospace, has through its subsidiary ST Aerospace Engineering, injected US$4.87 million into the capital of its commercial pilot training business, ST Aerospace Academy (STAA). This brings ST Aerospace Engineering’s total equity investment in STAA to US$12.98 million.
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    • Article, Illustration
      Lock icon STI / Catalist
      63 14 STI Catalist Straits Times Index Oct 27,2014 3,226.11 +3.56 (+0.11%) Current streak 1 day Day high 3,234.76 Day low 3,215.77 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist Index Oct 27,2014 783.93 -5.78 (-0.73%) Current streak 1 day Day high 790.94 Day low
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    • Article, Illustration
      Lock icon ST Index ends on a weary, flat note
      652 14  -  Some regional peers score gains after Wall Street’s Friday jump and European banks’ positive weekend stress test STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THE local bourse’s key index struggled and wobbled under water for much of Monday’s trading session but managed to
      Source: Bloomberg  -  652 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 232 cd +3 233/230 250 206 6.1 5862 CapitaLand 314 +9 315/306 348 268 15.7 2.5 ***** CapitaMall Trust 195 xd unch 196.5/194.5 209 180 5.3 6761.7 CityDev 980 +17 982/967 1118
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    • Article
      Lock icon MOST ACTIVE
      33 14 VOLUME APAC Strategic 86,537,000 Oceanus 75,693,000 IHC 64,249,000 Blumont 36,369,000 SingTel 29,019,000 Market volume 1,320,162,000 VALUE Keppel Corp 123,184,900 SingTel 107,264,980 UOB 83,243,100 CapitaLand 55,961,600 DBS Grp 52,320,300 Market value 1,010,780,000
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    • Article
      Lock icon SGX ETFs
      109 14 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 327 128 328/326 343/298 326/328 ABF SG Bond ETF 117 113 117/115.8 118/108.3 116/117 534.1 Nikko AM STI ETF 331 -1 112 332/330 345/300 330/332 8 UETF SSE50China 151 -1 106 153/151 165/140 150/154
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Oct 27 VALUE CLOSE BT OB/OS -554.00 +210.00 BT CADI -*****.00 -31.00 BT 10-day MA -*****.00 -55.00 FTSE ST Mid Cap 745.58 -2.08 FTSE ST Small Cap 513.37 -0.88 FTSE ST All Share 780.80 +0.22 FTSE ST China Top 186.88 -0.47 FTSE ST China 222.85 +0.07 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 14 STI FTSE ST All-Share FTSE ST All-Share index Oct 27,2014 780.80 +0.22 (+0.03%) Current streak 1 day Day high 782.62 Day low 779.33 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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      Lock icon STI / MSCI EAFE
      33 14 STI MSCI EAFE MSCI EAFE Index Oct 24,2014 1,778.62 +2.05 (+0.12%) Current streak 6 days Day high 1,782.44 Day low 1,772.06 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (OCt 16, 2014)
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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 6 6 4 0 0 0 6 6 4 Manufacturing 33 52 34 4 10 9 37 62 43 Commerce 23 17 16 6 4 4 29 21 20 Tpt/Stor/Comms 12 19 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,120 23,120 150,368 150,368 Manufacturing 178,456 37,904 216,360 78,962 3,145 82,107 Commerce 121,631 26,841 148,472 58,348 892 59,240 Tpt/Stor/Comms 116,962 6,019 122,981 208,994 1,086 210,080 Finance 39,284 186 39,470 175,497 42 175,539 Construction 17,033 16,066
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    • Article
      Lock icon GAINERS
      78 14 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 358.4 1.4 *****/***** SPDR DJIA US$ ***** 182.4 0.9 *****/***** DBXT MSKorea US$ 5765 102.0 1.4 6735/5630 DBXT iBoxxKR US$ ***** 93.1 0.5 *****/***** DBXT MSUSA US$ 4948 90.6 1.5 5076/4303 BY PERCENTAGE CLOSE UP 52w high/low KLW W*****0
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    • Article
      Lock icon LOSERS
      76 14 BY CENTS CLOSE DOWN 52w high/low DBXT USDIGIfl US$ ***** -137.7 -0.4 *****/***** Lyxor Indonesia US$ 8916 -119.9 -1.0 9636/6957 DBXT Vietnam US$ 2796 -67.6 -1.9 3100/2354 Lyxor AsiaCS US$ 5993 -38.3 -0.5 6360/5562 DBXT DBLCI-OY US$ 2996 -30.6 -0.8 3545/2983 BY PERCENTAGE CLOSE DOWN 52w high/low CN7600MBeCW*****7 1.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 14 VOL CLOSE($) CHANGE Debao Property 986.0 0.027 -0.007 -20.59 Smartflex 1,420.0 0.145 +0.019 +15.08 Micro-Mechanics 444.0 0.610 +0.040 +7.02 Jadason 2,303.0 0.045 -0.002 -4.26 Oceanus 75,693.0 0.014 +0.001 +7.69 Libra 3,877.0 0.215 +0.029 +15.59 Transit Concrete 17.0 0.500 +0.050 +11.11 Sino Grandness 14,539.0 0.450 -0.040 -8.16 Meghmani SDS
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    • BROKERS’ TAKE
      • Article
        Lock icon Libra Group
        113 14 Buy Oct 27 close: S$0.215 Target price: S$0.33 OCBC Investment Research, Oct 27 Initiate coverage. Upcoming FY14 earnings are forecasted to increase a whopping 8.0 times year-on-year (y-o-y) to S$4.7 million, and FY15 earnings to grow 68.0 per cent y-o-y to S$7.8 million as the new management team,
        113 words
      • Article
        Lock icon Dairy Farm International
        92 14 Buy Oct 27 close: US$9.44 Target price: US$11.20 DMG and Partners, Oct 27 Initiate coverage with contrarian “buy” rating. Growth of modern retailing is an inflection point in several Asean markets. Its appetite for China may have returned; in August 2014, it announced its biggest merger and
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      • Article
        Lock icon Ascott Residence Trust
        140 14  -  Compiled by Andrea Soh Buy Oct 27 close: S$1.24 Target price: S$1.40 DBS Group Research, Oct 24 ART is acquiring three serviced residence operated by Quest (Australia’s largest serviced apartment provider) in Greater Sydney for A$83 million (S$93 million). This is expected to contribute to a 0.2-0.3
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      • Article
        Lock icon CALENDAR
        16 14 DATA I US Federal Open Market Committee Meeting I 9.00pm US S&P/Case-Shiller Home Price Index
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    • Article
      Lock icon Euro rises on relief over ECB health test
      416 15 CURRENCIES Tokyo THE euro firmed against other major currencies in Asia on Monday after the European Central Bank (ECB) gave a large majority of banks in the region a clean bill of health. The common currency rose to US$1.2704 and 137.14 yen
      416 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 15 Oct 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.376 0.693 6.819 53.883 106.188 0.949 9.251 2.880 1.117 90.513 39.390 1.121 9.628 0.836 26.725 28.511 0.546 0.879 Canada 1.013 5.444
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      • Article, Illustration
        Lock icon HANG SENG
        2 15
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      • Article, Illustration
        Lock icon NIKKEI
        1 15
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        Lock icon SHANGHAI COMPOSITE
        2 15
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        Lock icon DOW JONES
        2 15
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 15 Oct 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1209 1.1217 0.8789 0.8794 Canadian dollar 1.1352 1.1359 0.8906 0.8901 Euro 1.6185 1.6189 1.2690 1.2692 NZ dollar 1.0035 1.0042 0.7868 0.7873 Sterling pound 2.0525 2.0532 1.6093 1.6097
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 15 Oct 27 S$ Bid Offer 1-month 1.2754 1.2755 2-months 1.2754 1.2755 3-months 1.2754 1.2756 6-months 1.2754 1.2755 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        371 15 Oct 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.28 *****.05 *****.71 Dec14 *****.00 *****.00 *****.00 *****.00 *****6 *****7 Mar15 *****.00 *****.00 *****.00 *****.00 3 841 MSCI TAIWAN INDEX FUTURES SPOT 321.50 322.52 319.88 Oct14 320.40 323.10 319.70 322.50 ***** *****5 Nov14 320.00
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        213 15 Most active Oct 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****2 8.2 -1.5 5650 0.1 2360 5 DBS MB eCW*****6 9 -0.2 5210 0.2 1880 3 TIH Limited W*****9 0.6 unch 3434 1 128 31
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 15 In local curr In S$ In US$ dy yr dy yr dy yr Oct 24 Index Change Change Change Change Change Change World Preliminary 1215.4 0.3 2.6 0.4 1.4 0.4 0.3 EAFE Preliminary 934.8 0.0 -2.2 0.2 -6.2 0.1 -7.2 Europe Preliminary 1325.8 -0.4 -2.1
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 15 Oct 27 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 15 Oct 27 $S Offer Bid 0vernight 0.05 0.03 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.12 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 15 Oct 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.11 5-Year N*****0H 1.625 01-Oct-19 100.9 100.95 100.95 10-Year NY*****H 3.000 01-Sep-24 106.38 106.65 106.50 15-Year NY*****E 2.875 01-Jul-29 102.33 102.54 102.35 20-Year NZ*****V 3.375 01-Sep-33 108.12 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 15 Oct-24 Price Net change change Last Trade Agricultural Oct-24 CBOT Soybeans (US cents/bu) 977.50 -15.75 -1.59% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.39 -0.28 -0.86% 12/12/2014 CBOT Wheat (US cents/bu) 517.75 -9.00 -1.71% 12/12/2014 Oct-24 LIFFE Cocoa (£/tonne) 1984.00 -47.00 -2.31% 12/12/2014 LIFFE Coffee (US$/tonne) 2027.00 19.00 0.95%
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      • Article
        Lock icon PALM OIL
        57 15 OCt 27 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2196.0 2188.0 2196.0 2182.0 1069 4718 Dec 14 2173.0 2172.0 2180.0 2168.0 6465 ***** Jan 15 2167.0 2166.0 2176.0 2164.0 ***** ***** Feb 15 2169.0 2166.0
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      Lock icon Page 8 Advertisements Column 1
      168 8 INTRODUCTION A Globally Recognised Listing And Capital Raising Venue FREE ADMISSION ASX offers a compelling opportunity for Asian-based growth companies to access the world’s 3rdlargest pool of investable funds. The Australian equity market is seeing its best year for IPOs since 2007, with over $9 billion in capital raised year-to-date.
      168 words
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      204 8 Are You (aught In the Hamster Wheel? ff Nancy Ho Life Transformative Qo ■jf ifct Learn the “One Thing that will get you out of the wheel and into the flow of life. FREE Masterclass 30th Oct (Thur), 7pm 10pm Clear Mind Better Performance Bigger Results More Joy Please make
      204 words
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      11 8 AWARDS Ok Seriously Man r> s n MAN H H blog.omy.sg/sgblogawards
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      135 words
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      324 12 Stay Ahead In Style with The Business Times The Business Times jggr^Ti may curt) 2014 growth Y: Subscribe to The Business Times ALL-IN-ONE package and receive gifts worth more than $700! 28*65/month Ermenegildo Zegna Ermenegildo Zegna Tie 100% pure silk tie -worth $310 (LIMITED TO FIRST 500) PEAK®* The Peak
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      102 13 Congratulations to SERRANO LIMITED (Company Registration No.: *****3004Z) (Incorporated in the Republic of Singapore on 18 September 2012) On your successful listing on the SGX-ST Catalist! With an established track record in the interior fit-out industry, Serrano is a leading provider of interior fit-out solutions for property development and refurbishment
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  • REAL ESTATE
    • Article, Illustration
      Lock icon 21st level of Samsung Hub sold at S$3,280 psf
      512 16  -  Price a record for full floor in the 999-year leasehold office tower By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE 21st level of Samsung Hub has been sold at S$3,280 per square foot on strata area setting a record for an entire
      PHOTO: THE STRAITS TIMES  -  512 words
    • Article, Illustration
      Lock icon JLL revamps Singapore capital markets team
      640 16 Greg Hyland to head Singapore capital markets, Karamjit Singh to take enlarged role. Tan Hong Boon to be seconded to M’sia Singapore PROPERTY consulting group JLL has announced senior director changes in its Singapore capital markets business effective Nov 1, to sharpen the firm’s
      PHOTOS: JLL  -  640 words
    • Article, Illustration
      Lock icon Home builders lead returns in China bond markets
      861 18 Premier Li Keqiang opens financing channels and eases property restrictions to shore up slumping industry BLOOMBERG Shanghai DEVELOPERS are leading returns in China’s bond market this half and planning more offerings as Premier Li Keqiang opens financing channels and eases property restrictions
      BLOOMBERG; PHOTO: BLOOMBERG  -  861 words
    • Article
      Lock icon Chinese developer gets extension to repay loan
      293 18 REUTERS Hong Kong AGILE Property Holdings has obtained a critical 12-month extension to repay what remains of a US$475 million loan due in December, resolving one of the biggest short-term refinancing risks facing the struggling Chinese developer. Banks including HSBC Holdings, Standard Chartered
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      Lock icon London property market hit by uncertainty
      1023 19  -  Developers turn to Asia in an effort to boost sales; local house-hunters resist high prices of new homes By Neil Behrmann btworld@sph.com.sg London THE London property market is beginning to sag from its heady heights early this year and developers have embarked on an
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      418 16 BUILDING Wealth via a structured GLOBAL PROPERTY PORTFOLIO We specialize in High Profile Clients who Desire Low Profile Real Estate Transactions Our team of Specialists identifies property investment opportunities from around the world by cultivating and maintaining strategic alliances with local and overseas partners to provide our clients with solid
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      186 16 FOR SALE BY TENDER Address 35 Tuas View Crescent, Singapore *****8 Description A part 1/part 3-storey detached factory Tenure JTC 30 years 30 years from 1 December 1999 Land Area Approx. 15,998.80 sqm (172,209.48 sqft) Gross Floor Area Approx. 16,538.20 sqm (178,015.53 sqft) Master Plan Zoning Business 2 with a
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      91 16 FOR SALE BY EXPRESSION OF INTEREST SINGLE UNIT IN PRUDENTIAL TOWER Grade-A quality specification Ideal for Owner Occupation or Investment 5,102 sq ft Unit Available Now! 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
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      266 17 GLOBAL LAUNCH 31STOCTOBER Located in Central London, Battersea Power Station is one of the most significant real estate developments in the world. Including over 3 million sq ft of commercial space and 4,000 new homes, this 42 acre riverfront site is being transformed into the most eagerly anticipated new urban
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      172 18 .comdirectory YOURGANGWAY COMINGSOON! TOAN OCEANOFBUSINESSOPPORTUNITIES! The Business Times/Shipping Timesis opening up an exciting new “trade route” for businesses catering to the maritime, shipping and related industries with the upcoming launch of its Maritime And Shipping Directory. Here’s how this new advertising platform can help your business make a splash in
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      336 18 FREEHOLD DEVELOPMENT SITE 200M FROM MRT STATION FUTURE GREATER SOUTHERN WATERFRONT CITY _A Pasir Panjang MRT Station Pasir Pan J an 9 Food Court To City COAST HIGHWAY. P .x. fa Site area 3,550.8 sq m approximately 38,220 sq ft Masterplan zoning “Residential” at Plot Ratio 1.4 Seamless Connectivity 200m
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      206 19 MSc (Real Estate) Application for August 2015 Intake The MSc (Real Estate) programme aims to provide a synergistic coverage of the fundamental concepts and techniques involved in the real estate business. Candidates will be exposed to: A wide range of strategic issues decision-making in real estate development, financing, investment and
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      322 19 EXHIBITION SATURDAY 1 st b SUNDAY 2 nd NOVEMBER 2014 HAM 7PM Shangri-La Hotel Gardenia Suite [Level 2] 22 Orange Grove Road Singapore *****0 7 LUXURIOUS TOWNHOUSES AND 53 APARTMENTS FEATURING STUDIOS, 1, 2 AND 3 BEDROOMS AT KING'S CROSS Sought after Zone 1 location Minutes' walk from King's Cross
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon EU bank stress test: A tale of two capital scores
      1154 20 With fully phased-in rules, the number of failures would rise from 24 to 34 BLOOMBERG Brussels THE European Union’s toughest-ever stress test was meant to leave banks with nowhere to hide. The results show how the bloc’s capital rules got
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      Lock icon London’s financial districts hiring more women
      270 20 REUTERS London LONDON’S financial services industry is leaving its “old boy’s club” image behind, after sharply increasing recruitment of women and overseas staff over the last year, research showed on Monday. Over the past year the number of women working in London’s the City
      REUTERS  -  270 words
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      608 20 The Business Times Ik 1 1 Toll free 1800-289-8822 I I Email noticesgsph.com. sg J V www.sphclass.com.sg/notices THE STRAITS TRADING COMPANY LIMITED (Company Registration No. *****0008D) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same
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      193 20 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF LANGSA FPSO PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****0041W NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final Meeting of the Member of the abovenamed
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      193 20 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices TITAN NEPTUNE SHIPPING PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) Company Registration No. *****3514N NOTICE OF FINAL GENERAL MEETING OF THE COMPANY AND THE CREDITORS Notice is hereby given that a Final
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      150 20 INDUSTRIAL GOVERNMENT LAND SALES: LAND PARCELS AT TUAS SOUTH AND TANJONG PENJURU TUAS SOUTH SIBEet PLOT 52 WAS SIREET SUBJECT SITE Site Information Tuas South Location Tuas South Street 9 Land Area Tenure GPR Zoning Project Completion Period (Plot 52) 8,369 sqm 20 years 7 months 1.0 B2 60 months
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  • ENERGY & COMMODITIES
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      Lock icon KL links fuel subsidy to income
      580 21  -  Sceptics say proposed mechanism too complicated and doubt if it can be implemented efficiently BY Pauline Ng btwor|d@sph.com.sg Kuala Lumpur IN A bid to reduce fuel subsidies, Malaysia intends to implement a multitier system of fuel purchases based on income eligibility. On Monday, the
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    • Article
      Lock icon US drafting rules to plug coal royalty loophole
      595 21 REUTERS Washington THE US government is drafting rules designed to close an accounting loophole that in recent years has helped coal companies boost export profits and likely cost taxpayers tens of millions of dollars, people familiar with the plan said. American taxpayers
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      Lock icon Ex-trader to launch oil-focused commodities hedge fund
      250 21 REUTERS London AN energy trader with more than 20 years of experience in the industry is set to launch a new Geneva-based, oil-focused commodities hedge fund, entering the market as many money managers have been hit by a sharp drop in prices. Stephen
      REUTERS  -  250 words
    • Article
      Lock icon More pain as WTI crude oil futures are poised to hit contango
      526 21 REUTERS New York AFTER months of battering from tumbling crude prices, commodity index investors may soon have another reason to consider leaving the oil market: contango. For the first time since January, the US West Texas Intermediate (WTI)
      REUTERS  -  526 words
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      201 21 LONGINES SINGAPORE GOLD GUP SUNDAY, 16 NOV 2014 SINGAPORE RACECOURSE >*.*• Hearts wil < 0 w V i! \VSi -ft be touched by gold in a race of elegance and compOssion at the racecourse. With a donation sum of 1.5 million, this is Singapore Turf Club's commitment to giving back
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  • TECHNOLOGY
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      Lock icon Singapore firm creates world’s first NFC-powered smart padlock
      589 22  -  eGeeTouch by JSB Tech allows users to unlock it with just a tap of a smart tag, smartphone or smartwatch By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT SMART locks are all the rage these days. On crowdfunding sites, there is a burgeoning number of
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      Lock icon Battle for content keeps Facebook hot on publishers’ heels
      393 22 NYT New York FOR publishers, Facebook is a bit like that big dog galloping in the park. More often than not, it’s hard to tell whether he wants to play with you or eat you. The social network now has over
      NYT  -  393 words
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      Lock icon 2 US retailers disable Apple payment system
      395 22 BLOOMBERG San Francisco APPLE Inc’s bid to replace the consumer wallet with its mobile payment system ran into a roadblock as CVS Health Corp and Rite Aid Corp disabled the technology in their drugstores. CVS and Rite Aid are among 220,000 US merchants
      BLOOMBERG; PHOTO: AFP  -  395 words
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      70 22 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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  • CONSUMER
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      Lock icon Salmon farmers shun risky growth despite price leap
      457 23 Norway’s salmon producers, operating near peak capacity, see supply trailing demand from consumers seeking healthier diets BLOOMBERG Santiago THE world’s top salmon farmers say they’ll resist the temptation to embark on the kind of growth that led to disease and cutbacks last
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      Lock icon Tesco’s borrowing costs soar as bonds plunge
      609 23 BLOOMBERG London TESCO Plc’s battle to retain its investment-grade status is driving up borrowing costs for a company saddled with more than £16 billion (S$32.9 billion) of debt. Tesco bonds plunged and the cost of insuring them against default soared last week after
      BLOOMBERG; PHOTO: REUTERS  -  609 words
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      1325 23 SERRANO LIMITED (Company Registration No.: *****3004Z) (Incorporated in the Republic of Singapore on 18 September 2012) Sponsor, Issue Manager, Underwriter and Placement Agent (Company Registration No.: *****0026Z) (Incorporated in the Republic of Singapore) Invitation in respect of 30,000,000 Invitation Shares (comprising 22,500,000 New Shares and 7,500,000 Vendor Shares) as follows:
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  • GOVERNMENT & ECONOMY
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      Lock icon Deflation expected to lift growth in US but plunge Europe into crisis
      970 24 Weaker growth, higher joblessness, more intractable bad debts make continent more susceptible to bad deflation BLOOMBERG Washington WHEN it comes to deflation there’s the good and there’s the bad and ugly. Europe faces the risk of the latter
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      Lock icon TPP talks gaining momentum but no breakthrough yet on market access
      490 24 REUTERS Sydney NEGOTIATIONS for an ambitious trade pact among Pacific countries made significant progress over the weekend but there is still a gap between Japan and the United States over market access and other hurdles, trade representatives said on
      REUTERS; PHOTO: REUTERS  -  490 words
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      Lock icon Rousseff promises reforms after narrow poll win
      692 24 REUTERS Brasilia PRESIDENT Dilma Rousseff narrowly won re-election by spending heavily and promising to extend the fight against poverty but she will need to restore order to public finances in her second term to get Brazil’s stalled economy back in gear. Ms Rousseff
      REUTERS; PHOTO: AFP  -  692 words
    • Article
      Lock icon Pan-Asean platform for European businesses launched
      372 24  -  EU-Asean Business Council a milestone for the two blocs By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE European Union-Asean Business Council (EU-ABC) was officially launched in Singapore on Monday to mark a key milestone in Europe’s commercial relationship with Asean. The EU-ABC, a pan-Asean platform
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      Lock icon Government stimulus spurring South Koreans into debt binge
      418 24 REUTERS Seoul SOUTH Korean households are piling on debt at the fastest rate in eight years thanks to big-bang stimulus launched by the new finance minister but as global growth cools the government risks scoring an economic own goal and inflaming deflationary
      REUTERS  -  418 words
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      Lock icon New Indonesia ministers face host of challenges
      819 25  -  Worries persist they’re unable to overhaul departments, let alone steer a national policy By Jeffrey Hutton btworld@sph.com.sg Jakarta THE new Cabinet of Indonesian President Joko Widodo is drawing mixed reviews amid worries the slate of names may be ill-equipped to address the country’s
      PHOTO: AFP  -  819 words
    • Article
      Lock icon China, Singapore to start direct currency trading on Tuesday
      263 25 AFP Shanghai CHINA will begin trading its yuan currency directly with the Singapore dollar on Tuesday, the national foreign exchange market operator said, in the latest move to promote international use of Beijing’s unit. The Singapore dollar will be added to
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      Lock icon India reveals names to recover foreign assets
      308 25 AFP New Delhi INDIA’S government revealed on Monday the names of three prominent businessmen accused of illegally stashing funds in foreign bank accounts as it seeks to recover billions of dollars parked abroad. The ruling right-wing Bharatiya Janata Party (BJP) pledged to crack
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    • Article
      Lock icon German business sentiment drops to lowest in almost two years
      438 25 BLOOMBERG Frankfurt GERMAN business confidence dropped for a sixth month as the spectre of a recession haunts Europe’s largest economy. The Ifo institute’s business climate index, based on a survey of 7,000 executives, dropped to 103.2 in October from 104.7
      BLOOMBERG  -  438 words
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  • TRANSPORT
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      Lock icon New Ford CEO sets sights on reviving the fortunes of Lincoln
      726 26 He may spend US$5b to revamp its product portfolio and reposition it as a true competitor to global luxury leaders REUTERS Detroit FORD Motor Co’s new chief executive, Mark Fields, is giving the carmaker’s long-moribund Lincoln brand what his
      REUTERS  -  726 words
    • Article
      Lock icon Three German shipping banks pass ECB stress test
      360 26 BLOOMBERG Hamburg HSH Nordbank AG, the world’s biggest shipping lender, passed a stress test by the European Central Bank (ECB) as a 10 billion euro (S$16.2 billion) state guarantee sheltered it from the crisis-ridden maritime industry. The ECB agreed with the Ham-burg-based
      BLOOMBERG  -  360 words
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      Lock icon Passenger numbers at Changi dip 0.5% in Sept
      446 26  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CHANGI Airport saw a 0.5 per cent dip year on year in passengers to 4.2 5 million in September as traffic to regions such as South-east Asia, Africa and the Americas softened. Aircraft landings and takeoffs
      PHOTO: YEN MENG JIIN  -  446 words
    • Article
      Lock icon Japanese firm in air bag crisis uses unique chemical to inflate devices
      765 26 Takata’s choice of chemical propellant can be rendered unstable by moisture BLOOMBERG Tokyo THE emerging crisis over air bags traces back to a little-known Japanese company that for over 20 years has supplied the safety devices to carmakers
      BLOOMBERG  -  765 words
    • Article
      Lock icon Cameron backs rail line across northern England
      508 26 BLOOMBERG London UK Prime Minister David Cameron gave his support to a proposal for a high-speed rail line, referred to as HS3, across northern England after it was mooted in a report on HS2, the planned link from London to the north. Mr
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  • Article
    Lock icon Shipping times
    982 27 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
    982 words
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      133 27 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TRIES Shipping times Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development y Come publicise
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  • OPINION
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      Lock icon Remember highgrowth woes amid low-growth worries
      582 28 EDITORIAL INVESTORS might be scared of slow global growth and deflation. But growth isn’t everything. Just ask China, where ballooning debts were putting it on the path of spectacular collapse. Or Singapore, which is still trying to reduce its reliance on the cheap foreign
      582 words
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      Lock icon Economic inequality is becoming more gender neutral
      768 28  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington EVERYONE knows that economic inequality has increased dramatically since the 1970s, and this has created a new cottage industry: dissecting “the top one per cent”. We now have a study from
      THE WASHINGTON POST WRITERS GROUP  -  768 words
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      Lock icon Does raising minimum wage hurt employment?
      919 28  -  Information on the employment and wage impacts of minimum wage changes is a critical ingredient in deciding where to set the minimum wage. BY PRAKASH LOUNGANI wage.BY PRAKASH LOUNGANI T The writer is an adviser in the IMF’s Research Department. He is also an
      PHOTO: REUTERS; Source: Huang, Loungani and Wang, IMF Working Paper 14/184  -  919 words
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      Lock icon Israel turns to Asia in bid to expand alliances
      802 29  -  TRANSFORMING RELATIONSHIPS By Leon Hadar Washington ALTHOUGH Israel is located in the Middle East or South-West Asia, the Jewish state has historically been regarded as an integral part of the West. It was founded by European immigrants and supported by Jewish
      802 words
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      Lock icon Low oil prices hurting US shale operations
      726 29  -  By Nick Cunningham THE number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of
      PHOTO: REUTERS  -  726 words
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      Lock icon The TPP’s missing ingredient
      863 29  -  A currency clause should be included in any Trans-Pacific Partnership deal. BY SIMON JOHNSON I T The writer is a professor at MIT’s Sloan School of Management and the co-author of White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You
      PROJECT SYNDICATE; PHOTO: BLOOMBERG  -  863 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Ingredient in chocolate found to boost memory
      885 30 Study shows cocoa flavanols can help stave off age-related memory decline NYT New York SCIENCE edged closer to showing that an antioxidant in chocolate appears to improve some memory skills that people lose with age. In a small study in the journal Nature
      NYT; FILE PHOTO  -  885 words
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      Lock icon Big-brand contemporary art fairs are a successful business model
      900 30 NYT Paris ON Oct 22, just four days after the Frieze Art Fair closed in London, the 41st edition of the rival Foire Internationale d’Art Contemporain (FIAC) opened to VIPs in Paris. Since its debut in 2003, Frieze has gained a
      NYT; PHOTOS: AFP  -  900 words
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      36 30 klSS92 FM place one n songs great All the i Op O On sOp no OpO o 3 Oo o BO Oo© Op. SOB O po o op 503 O BO "C°V/ o fD facebook.com/kiss92fm www.kiss92.sg
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      67 30 H O T PR O PERTY E-CENTRE REDHILL, with fitted rms 1884sf, immed, food, amenities, bus-stop/ MRT $7K. TEXTILE CENTRE F/FITTED High flr. 883sf. New reno, pte toilet. Prime location, also SALE. BT TIMAH SHPG Ctr. MRT. 1733 sf. Fitted. Partitioned. High flr. Tuition, Trading Consultancy. $4.5k neg. OFFICE SPACE
      67 words
  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      349 30 CRYPTIC CROSSWORD Across 1 Bust, Rodin’s last put in park but vandalised (8) 5 Give out drugs to get higher as an exercise (4-2) 9 Swift, perhaps, educational test facing girl getting tense (8) 10 Trouble with greed, say, upset Greek idol (6) 11 Draw back tool initially with trouble
      349 words
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  • SME
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      Lock icon Local manufacturer races to tap potential in medical technology
      971 31  -  Racer Technology’s microfluidic chip, which takes only minutes to give blood test results, is part of CEO Willy Koh’s drive to grow the firm into a world player By Claire Huang huangjy@sph.com.sg @ClaireHuangBT AS governments race to prepare for the possibility
      PHOTOS: YEN MENG JIIN  -  971 words
    • Article
      Lock icon Shrinking the talent gap in SMEs
      1055 31  -  By Faizal Yahya T Dr Faizal Yahya is a research fellow at the Institute of Policy Studies, National University of Singapore. He contributes to the work of the economics and business cluster and looks closely at the issues faced by Singapore’s SMEs SINGAPORE’S small
      1,055 words
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      99 31 Work smart for just S$58, wherever you are in Singapore business lounge urn Introducing the first Regus Express business lounges in Asia; the perfect way to stay productive on the move. Drop in to one of our stylish lounges and work on the go in our professional working environment, in
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