The Business Times, 30 October 2014

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Total Pages: 32
1 32 The Business Times
  • 28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O n@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Thursday, 30
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  • 26 1 Wednesday Change STI 3,224.03 (+12.38) KL COMP 1,839.55 (+13.87) NIKKEI 225 15,553.91 (+224.00) HANG SENG 23,819.87 (+299.51) SHENZHEN B 974.57 (+6.02) DOW(noon EDT) 17,012.78 (+7.03)
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  • Article, Illustration
    226 1 After two years of talks, the proposals for a progressive wage model for the security industry are finally drawn and accepted by the government. TOP STORIES 4 The US has vowed to continue its commercial space launch programme just hours after a rocket carrying supplies to the International
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  • 600 1  -  But challenges such as investor protection abound, say corporate lawyers By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore The Singapore Exchange (SGX) is exploring the feasibility of an equity crowdfunding platform for ear-ly-stage companies, and has formed a team focused on small and medi-um-sized enterprises
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  • 822 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE on Wednesday said hello to Hailo, a London-based taxi-book-ing app, and at least the fifth such third-party platform (after GrabTaxi, Easy Taxi, MoobiTaxi and UberTAXI) to hit the roads here in the last two years
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  • Page 1 Advertisements
    • 157 1 *****4 MAN IN THE NEWS Olivier Lim to be Australand chairman again REAL ESTATE 14 COURT CASE Ex-Sembmarine finance chief slapped with 39-month jail sentence BETTER RETURNS Diverse boards perform better: study COMPANIES MARKETS 8 TOP STORIES 2 FTA Singapore, US toast 10-year success of bilateral FTA TOP STORIES 2
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  • TOP STORIES
    • 837 2  -  Agreement has demonstrated that free trade, investment benefit all countries: Tommy Koh By Vikram Khanna vikram@sph.com.sg Singapore TEN years after coming into force, the US-Singapore Free Trade Agreement (USSFTA) has paid rich dividends to both countries, by reinvigorating bilateral trade and investment
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    • 535 2  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore FORMER Sembcorp Marine group finance director Wee Sing Guan pleaded guilty on Wednesday to a host of fraud charges relating to currency bets he took years ago that cost the group US$303 million in losses. He
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  535 words
    • 460 2 BLOOMBERG Kuala Lumpur MALAYSIA said the high-speed rail link between Kuala Lumpur and Singapore may miss a 2020 deadline even after using government land as much as possible to avoid property-acquisi-tion disputes. The project may take six to seven years to complete once
      BLOOMBERG  -  460 words
    • 834 2  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore PROFESSIONAL accountants will soon have a new set of obligations to meet, in terms of the controls and procedures they will have to put in place to counter money-laundering (ML) and terrorism-financing (TF)
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    • 398 2  -  Group to design, construct, operate and maintain Hanthawaddy International Airport By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A SINGAPORE-BACKED consortium which includes construction firm Yongnam and Changi Airport Planners and Engineers (Cape) has snagged a US$1.4 billion bid to construct Yangon’s second international airport
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    • 677 4  -  It will be a licensing requirement for the industry from Sept 1, 2016 By Chuang Peck Ming peckming@sph.com.sg Singapore AFTER two years of talks, the proposals for a progressive wage model for the security industry are finally drawn and accepted by the government.
      FILE PHOTO  -  677 words
    • 755 4 BLOOMBERG AFP Washington SINGAPORE is the best country to do business in, topping for a ninth straight year a World Bank ranking that showed improvements by the UK and China while Japan declined. “Doing Business report measures a slender segment of
      BLOOMBERG; AFP; FILE PHOTO  -  755 words
    • 475 4  -  Asia Job Index attributes 37% year-on-year jump largely to Framework spiking demand for Singaporean talent By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore JOB advertisements for professional positions in Singapore jumped 37 per cent year-on-year in the third quarter, due in part to the
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    • 468 6  -  US bank plans to lift headcount by 700 to 3,500; sees the Republic as a global support centre By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore JPMorgan Singapore has been boosting its staff count in the area of cybersecurity and investment banking technology, and will hire
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    • 640 6 BLOOMBERG Washington THE US has vowed to continue its commercial space launch programme just hours after a rocket carrying supplies to the International Space Station exploded over a Virginia launch pad. The unmanned Orbital Sciences Corp rocket burst into an
      BLOOMBERG; PHOTO: REUTERS  -  640 words
    • 569 6  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore BITCOIN might have taken a beating in the market this year, but virtu-al-currency activity chugs on here, with Singapore-based brokerage Coin Republic saying on Wednesday that it had clocked just over S$1 million in annual
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    • 592 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THERE have been calls for the European Central Bank (ECB) to take aggressive action as markets worry that the eurozone is sliding into recession and deflation. But the ECB alone will not be able to save the
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  • Page 5 Advertisements
    • 301 5 A PLACE TO PROSPER Luxury 1, 2 3 bedroom apartments offering a private residents’ rooftop with views of Melbourne city, Albert Park Port Phillip Bay. Artists’ Impression Residents also enjoy the benefits of a concierge, gym, indoor heated swimming pool, residents’ lounge with wifi secure parking. Only a short walk
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  • COMPANIES & MARKETS
    • 907 8  -  Return on assets higher on average for boards that are either diverse in gender, ethnicity or age By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore JUST when you thought Singapore did not need another study on board diversity, one has emerged. This latest, however, claims to have
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    • 549 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore YOMA Strategic Holdings’ net profit for the fiscal second quarter ended Sept 30 more than trebled to S$10.8 million from S$3.3 million a year ago, thanks mainly to strong sales of residences and land development rights (LDRs) in
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    • 540 8  -  HOT STOCK By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AFTER being under pressure in the last few weeks, lifestyle products group OSIM International plunged to a one-year low of S$ 1.93 5 on Wednesday, down 31.5 cents or 14 per cent. A record 30 million
      Source: Bloomberg  -  540 words
    • 487 8  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) chief regulatory officer Richard Teng has resigned, less than a year after being promoted, to become chief executive of the regulator of Abu Dhabi Global Market (ADGM). Mr Teng, who took
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    • 450 9  -  Group and Canadian partner will each inject additional equity of US$138m By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MODERN logistics facilities provider Global Logistic Properties (GLP) is expanding its fund management platform in Japan, hot on the heels of a similar move in Brazil in the
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    • 435 9  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore GREAT Eastern Holdings posted a 31 percent drop in its third quarter 2014 net profit to S$ 194.6 million, from S$282.8 million a year ago, dragged by lower unrealised mark-to-market gains. The oldest life insurance group in Singapore
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    • 142 9  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore CAMBRIDGE Industrial Trust (CIT) yesterday sold S$100 million four-year senior unsecured bonds, the Royal Bank of Scotland said. Orders were in excess of S$ 165 million, allowing the company to price them at 3.50 per cent
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    • 547 9  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINCE early October, the Singapore Exchange (SGX) has been pushing out more initiatives to engage brokers to “give them a reason to start calling their clients”, Chan Kum Kong, vice-president of securities, told reporters on Wednesday. This
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    • Article, Illustration
      63 10 STI Catalist Straits Times index Oct 29,2014 3,224.03 +12.38 (+0.39%) Current streak 1 day Day high 3,230.10 Day low 3,216.96 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Oct 29,2014 783.14 +5.77 (+0.74%) Current streak 1 day Day high 783.50 Day low
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    • 556 10  -  S’pore trading value crosses S$1b mark; OSIM falls prey to poor results as earnings reporting season goes into full swing TTSTOCKS By Cal Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT AFTER strong earnings buoyed US stocks overnight, Asian indexes rose, including Singapore’s benchmark Straits Times Index
      Source: Bloomberg  -  556 words
    • 308 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 xd -7 226/223 250 206 6.4 5659.8 CapitaLand 316 +3 317/313 348 268 15.8 2.5 *****.4 CapitaMall Trust 194.5 unch 196/194 209 180 5.3 6744.4 CityDev 958 +3 962/956 1118 860
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    • 35 10 STI FTSE ST All-Share ftse ST All-Share index Oct 29,2014 781.01 +3.12 (+0.40%) Current streak 1 day Day high 781.85 Day low 779.42 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • 33 10 STI MSCI EAFE MSCI EAFE index Oct 28,2014 1,795.37 +14.02 (+0.79%) Current streak 8 days Day high 1,796.38 Day low 1,778.05 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 2 6 0 0 0 7 2 6 Manufacturing 57 29 25 8 7 13 65 36 38 Commerce 18 15 17 7 2 4 25 17 21 Tpt/Stor/Comms 18 9 7
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    • 75 10 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 220.0 0.9 *****/***** DBXT MSKorea US$ 5910 180.6 2.5 6735/5630 SPDR S&P500 US$ ***** 173.0 0.7 *****/***** DBXT Nifty US$ ***** 146.3 0.9 *****/9759 DBXT AUDCS US$ ***** 138.6 0.6 *****/***** BY PERCENTAGE CLOSE UP 52w high/low CN8200MBeCW*****9 3.4
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    • 77 10 BY CENTS CLOSE DOWN 52w high/low DBXT AUDBods AU$ ***** -46.0 -0.2 *****/***** OSIM Intl 193.5 -31.5 -14.0 294/189.5 DBXT iBoxxSing SG$ ***** -28.0 -0.2 *****/***** DBXT iBoxxUSTr US$ ***** -26.7 -0.1 *****/***** DBXT S&P Short US$ 2344 -11.5 -0.4 2757/2304 BY PERCENTAGE CLOSE DOWN 52w high/low Advance SCT
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    • 82 10 VOL CLOSE($) CHANGE Junma Tyre Cord 42.0 0.072 -0.013 -15.29 Joyas Intl 1,892.0 0.021 -0.004 -16.00 Travelite 22.0 0.155 -0.005 -3.13 Universal Res 1,424.0 0.067 +0.007 +11.67 OSIM Intl 30,167.0 1.935 -0.315 -14.00 Goodland 53.0 0.225 -0.040 -15.09 Select 250.0 0.370 -0.040 -9.76 Brooke Asia 104.0 0.146 +0.027
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    • BROKERS’ TAKE
      • 70 10 HSBC Global Research, Oct 29 Limited downside risks with valuation multiples hovering close to one standard deviation below historical averages. With high capital ratios and slowing loan growth, we believe DBS and UOB are in a position to pay out more dividends. Rising interest rates will lift earnings
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      • 78 10 Underweight Oct 29 close: S$1.04 Target price: S$1.00 JP Morgan Equity Research, Oct 29 Initiate coverage. We expect little Singapore market size expansion due to already-high penetration. Genting Singapore’s earnings quality is expected to weaken from an unfavourable business mix, with more volatile and low-margin VIPs. Overseas opportunities
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      • 192 10  -  Compiled by Andrea Soh Buy Oct 29 close: S$1.70 Target price: S$1.88 CIMB Research, Oct 28 CDL Hospitality Trusts’ 9M14 results are in line with our estimate, with revenue and DPU (distribution per unit) accounting for 74 per cent of our full-year forecast. However, the higher revenue
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      • 13 10 DATA I 8.30 pm US GDP Price index US Initial Jobless Claims
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    • 37 10 VOLUME APAC Strategic 108,074,000 IHC 82,915,000 OLS Enterprise 50,889,000 Golden Agri-Res 38,149,000 OSIM Intl 30,167,000 Market volume 1,342,132,000 VALUE Keppel Corp 90,358,678 UOB 87,474,676 OSIM Intl 58,517,620 SingTel 57,577,722 DBS Grp 39,037,100 Market value 1,023,823,000
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    • 110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US742 +6 129 750/734 779/541 742/745 92.8 UETF SSE50China 155 +2 55 156/155 165/140 154/156 48.4 DBXT MSAsExJp US$ US3591 +59 30 3591/3591 3808/2802 -/-8.3 DBXT MSINDO us$ US1438 +27 27 1438/1415
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    • 77 10 Oct 29 VALUE CLOSE BT OB/OS -136.00 +224.00 BT CADI -*****.00 +109.00 BT 10-day MA -*****.00 -14.00 FTSE ST Mid Cap 747.05 +2.56 FTSE ST Small Cap 516.77 +3.68 FTSE ST All Share 781.01 +3.12 FTSE ST China Top 188.00 +1.26 FTSE ST China 222.07 -0.09 FTSE
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    • 120 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,174 32,174 121,707 121,707 Manufacturing 162,479 35,925 198,404 86,819 2,991 89,810 Commerce 97,965 28,451 126,416 137,254 2,576 139,830 Tpt/Stor/Comms 84,503 3,262 87,765 139,248 572 139,820 Finance 43,469 322 43,791 166,967 91 167,058 Construction 15,873 6,289
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    • 397 11 TT CURRENCIES REUTERS London THE dollar steadied on Wednesday as investors awaited guidance from the US Federal Reserve, expected to reiterate a cautious stance on raising interest rates when it wraps up a two-day policy meeting later in the day. In European trading,
      REUTERS  -  397 words
    • FOREX RATES
      • 471 11 Oct 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 5.425 0.697 6.884 54.440 107.317 0.959 9.304 2.904 1.118 91.561 39.700 1.129 9.629 0.840 26.961 28.822 0.550 0.888 Canada 1.009 5.475
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      • 155 11 Oct 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1288 1.1300 0.8875 0.8878 Canadian dollar 1.1392 1.1404 0.8960 0.8957 Euro 1.6201 1.6215 1.2738 1.2740 NZ dollar 1.0094 1.0107 0.7936 0.7941 Sterling pound 2.0518 2.0538 1.6132 1.6136
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      • 22 11 Oct 29 S$ Bid Offer 1-month 1.2719 1.2728 2-months 1.2719 1.2728 3-months 1.2719 1.2729 6-months 1.2718 1.2728 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 371 11 Oct 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.39 *****.29 *****.79 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar15 *****.00 1 839 MSCI TAIWAN INDEX FUTURES SPOT 328.53 330.69 328.01 Oct14 327.30 331.00 327.00 329.80 *****6 ***** Nov14 327.40 331.10 327.00 330.10
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      • 217 11 Most active Oct 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****2 9.1 1.4 4660 0.1 2360 5 KepCorp MB eCW*****1 8.8 0.5 4405 0.2 1000 6 OLS Enterprise W*****5 0.3 unch 4217 1 1 18
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      • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 28 Index Change Change Change Change Change Change World Preliminary 1221.2 0.5 3.1 0.4 1.7 0.6 1.0 EAFE Preliminary 939.8 0.7 -1.7 0.6 -5.6 0.8 -6.3 Europe Preliminary 1331.9 1.0 -1.7
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    • BANK RATES
      • 154 11 Oct 29 $S Offer Bid 0vernight 0.03 0.00 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.10 US$ 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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      • 36 11 Oct 29 (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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      • 67 11 Oct 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.07 5-Year N*****0H 1.625 01-Oct-19 100.82 100.85 100.85 10-Year NY*****H 3.000 01-Sep-24 106.32 106.40 106.30 15-Year NY*****E 2.875 01-Jul-29 102.25 102.35 102.30 20-Year NZ*****V 3.375 01-Sep-33 107.95 107.98 107.95
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    • AGRI METALS ENERGY
      • 212 11 Oct-28 Price Net change change Last Trade Agricultural Oct-28 CBOT Soybeans (US cents/bu) 1008.00 2.00 0.20% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.79 0.56 1.74% 12/12/2014 CBOT Wheat (US cents/bu) 530.75 8.00 1.53% 12/12/2014 Oct-28 LIFFE Cocoa (£/tonne) 1899.00 -34.00 -1.76% 12/12/2014 LIFFE Coffee (US$/tonne) 2022.00 10.00 0.50%
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      • 57 11 Oct 29 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2240.0 2260.0 2260.0 2229.0 556 2480 Dec 14 2230.0 2269.0 2270.0 2226.0 ***** ***** Jan 15 2227.0 2263.0 2267.0 2221.0 ***** ***** Feb 15 2224.0 2264.0
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    • 724 12  -  It’s about how to grow business profitably and how to enhance the wages of workers in a sustainable manner By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore INSTEAD of physically increasing manpower capacity, enterprises need to look to enhancing customer satisfaction and employee engagement
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    • IN BRIEF
      • 83 12 HEALTH supplement and wellness product specialist Eu Yan Sang’s first-quarter net profit fell 48 per cent to S$737,000, from S$1.43 million a year earlier, weighed down by higher operating costs, including rental and salary costs, across most markets. Revenue for the quarter ended
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      • 68 12 marine offshore equipment and services provider Baker Technology reported a Q3 net profit of S$4.3 million, 20 per cent more than the S$3.6 million last year. This was due to a foreign exchange gain of S$1.5 million from the strengthening US dollar
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    • 393 12  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore CRANE rental operator MS Holdings launched its SGX-Catalist initial public offering (IPO) of 27 million placement shares on Wednesday. The shares, at 25 Singapore cents each, comprise 20 million new shares and seven million vendor shares.
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  • Page 8 Advertisements
    • 390 8 rj V SEMINAR Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST i IB S3 *Early bird price ends 10 Nov 2014 WIN3X IPHONE 6 WORTH OVER $2,900 A Terms Conditions apply With the likely increase in interest rates, what types of property investment can
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  • Page 9 Advertisements
    • 229 9 ESPLANADE PRESENTS limited tickets available! STUTTGART BALLET CCDICC ONEGIN Germany 31 Oct 1 Nov 2014 Fri Sat, 8pm Sat, 3pm Esplanade Theatre Torn between duty and desire. John Cranko's dramatic story ballet masterpiece performed by one of the world's most renowned dance companies. Tickets from $60. www.dansfestival.com/series Si a Principal
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  • Page 12 Advertisements
    • 378 12 STPR#PERTY Expo 2014 STProperty collaborates with Malaysia's most established developers to give you an edge in your investment portfolio! DATE: Saturday, 29 Nov 2014 Sunday, 30 Nov 2014 VENUE: SUNTEC Singapore Convention Exhibition Centre Level 3 Summit 1 and 2, Rooms 321 322 TIME: 10.30am-7.00pm PRE-REGISTER NOW at WWW.STPROPERTY.SG/EVENT FOR
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  • REAL ESTATE
    • 687 13  -  The projects at Sims Drive and upper Serangoon View will have more than 1,000 units each By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore TWO mega private residential projects of over 1,000 units each are among the projects that secured provisional
      FILE PHOTO  -  687 words
    • 604 13 It’s staying on the East Side after failing to strike a land deal with Related Cos NYT New York THE possibility that JPMorgan Chase would build a two-towered, US$6.5 billion headquarters on the Far West Side of Manhattan streaked
      NYT  -  604 words
    • 443 14  -  He’ll head new independent board for the former listed firm as part of good corporate governance By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore OLIVIER Lim is said to be getting back one of his old appointments: chairmanship of Australand Property Group. Mr Lim, who was
      443 words
    • 371 14  -  IP Global and SLP announce they have almost sold out Carlton House in Ilford By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE sale of St Pancras Place in London’s King’s Cross will be launched on Nov 1-2 in an exclusive
      PHOTOS: IP GLOBAL, SLP  -  371 words
    • 236 14 BLOOMBERG Singapore/Beijing EVERGRANDE Real Estate Group, the Chinese developer which has the industry’s two biggest single dollar bonds outstanding, is considering refinancing one of them that is due next year. The Guangzhou-based builder must repay US$ 1.3 5 billion of 13
      BLOOMBERG  -  236 words
    • 762 15 Future owners will be expected to pay big downpayments to finance construction BLOOMBERG Los Angeles JORGE Perez crashed along with the real estate market, then regained his crown as Florida’s “Condo King” by building new projects with 50 per cent deposits
      BLOOMBERG; PHOTO: BLOOMBERG  -  762 words
    • 221 15  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore 7 U THANT, a residential development in the prime Ampang Hilir area in Kuala Lumpur’s “embassy district”, has been put up for en bloc sale by tender. The freehold, 10-storey luxury development is opposite
      PHOTO: SLP  -  221 words
    • 849 16 Market defies forecasts for slump tied to wind-down of Fed’s stimulus programme BLOOMBERG New York THE end of the Federal Reserve’s third round of bond purchases is proving to be a non-event for mortgagebacked debt. That’s partly because even though
      BLOOMBERG; PHOTO: BLOOMBERG  -  849 words
    • 1325 16 Property transactions for districts 1 to 28 with contract dates between Sept 17 and Sept 23,2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 19/09/2014 99 743 1774 2389 District 3 NON-LANDED Harvest Mans
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  • Page 13 Advertisements
    • 156 13 NEW ZEALAND OFFICE BUILDING FOR SALE Make New Zealand your investment destination, no Capital Gains Tax** and no stamp duty. Net income: $4,136,296 pa* WALT: 5.25 years Total NLA: 16,285sqm* Significant refurbishment: 2012* Yield: 8.25%* CBRE Agency License No: L*****63I Michael Roberts CEA Reg No: R*****9C 65 6224 8181 michael.roberts@cbre.com.sg
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    • 149 13 NEW ZEALAND OFFICE BUILDING FOR SALE Make New Zealand your investment destination, no Capital Gains Tax** and no stamp duty. Potential passing income: $3,742,736 pa* WALT: 6 years* Total NLA: 10,675.1 sqm* Significant refurbishment: 2014* Parking Bays: 138* CBRE Agency License No: L*****63I Michael Roberts CEA Reg No: R*****9C 65
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  • Page 14 Advertisements
    • 55 14 For Lease Robinson Point Flexible sizes Fitted /Bare 455 465 617 1155 1820 2123 4141 5640 7556 sqft Great sizes Fitted /Bare 8,288 15,112 15,844 23,400 sqft High floor with unblock view Beautifully fitted/bare units with regular layout Proximity to amenities and ample parking spaces Short distance to four MRT
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    • 247 14 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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    • 195 14 1 1B FIGARO STREET COMMERCIAL SHOP UNITS FOR SALE BY PUBLIC TENDER Contact: Investment Properties Yap Hui Yee (CEA Reg No. R*****5Z) 9852 3687 Galven Tan (CEA Reg No. R*****1F) 9799 4898 Tender Closing: Friday, 28 November 2014, 3pm 2 adjoining ground floor shop units Prominent dual road frontage Rare
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  • Page 15 Advertisements
    • 26 15 LAND FOR SALE MALACCA MALAYSIA Good Location 1200 Acres Usages Hotel Commercial Shopping Paradise Residential Condo rr88@hotmail.sg Email Co Name Address HP DTZ: L*****960A CEA: R*****6J
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    • 466 15 v S T PANCRAS ;.l? m PLACE Brail* m mi ■'tv i r T II £2 mi -ra-,. < V PTy F i iTfeii.. A :.iv Co gen image —:s 98k EXHIBITION SATURDAY 1 st SUNDAY 2 nd NOVEMBER 2014 HAM 7PM 'iisw v'C5* Cro is* as •r< 1 t§
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  • Page 17 Advertisements
    • 262 17 GLOBAL LAUNCH 31STOCTOBER London Kuala Lumpur New York Los Angeles Paris Milan Dubai Doha Tokyo Shanghai Beijing Hong Kong Singapore 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
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  • BANKING & FINANCE
    • 564 18 It also reported net loss of 92 million euros (S$149 million) for Q3 after taking a bad hit from legal costs 600 index of European banks. NYT, REUTERS New York GERMAN lender Deutsche Bank has announced a management shake-up that will
      600 index of European banks. NYT, REUTERS; PHOTO: BLOOMBERG  -  564 words
    • 563 18 AFP Paris A DELAYED watershed scheme to allow cross-trading between Hong Kong and Shanghai’s stock markets will go ahead, the president of the Hong Kong bourse has said, adding ongoing democracy protests have not derailed the project’s progress. The Shanghai-Hong Kong
      AFP; PHOTO: AFP  -  563 words
    • 478 18 BLOOMBERG Tokyo NOMURA Holdings Inc said its four years of losing money abroad may soon be over as the firm rebuilds businesses outside of Japan after cutting costs. Japan’s biggest brokerage is on track to achieve its goal of becoming
      BLOOMBERG  -  478 words
  • Page 18 Advertisements
    • 108 18 i =4 DEADLINE CA WORK OVERLOAD J BILL TAX HOUSE DEBT U' ILcWW fiagrZrA tress is something that everyone can relate to. While too much stress can cause illness, too little of it may lead to a lack of motivation. What level of stress is healthy? Does stress encourage you
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    • 55 18 mw R r ASIA 2015 The Next-Generation Workscape 29-31 JULY 2015 Marina Bay Sands, Singapore www.OfficExpoAsia.com •Cloud Solutions for Small Medium Enterprises •Next-Gen Business Solutions Document Imaging Solutions Office Stationery Supplies Optimal Modern Work Environments Interested to exhibit? Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte
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  • ENERGY & COMMODITIES
    • 723 19  -  EMC and EMA gathering stakeholders to develop a trading platform, S iswaran announced at Gas Summit Asia By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SINGAPORE’S wholesale electricity market operator, Energy Market Company (EMC), and gas industry regulator, Energy Market Authority (EMA),
      723 words
    • 395 19 BLOOMBERG London FOR all the noise about oil’s collapse, the market is saying not that much has really changed: Higher prices will be back soon enough because the current slowdown in demand growth will prove fleeting. While Brent crude for November delivery
      BLOOMBERG  -  395 words
    • 363 19  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NORWEGIAN solar panel maker REC is set to start selling solar power directly to businesses and industries in Singapore. The move will not only help the firm understand supply and demand trends better
      FILE PHOTO  -  363 words
  • Page 19 Advertisements
    • 956 19 The Business Times Ik 1 ✓"’1 I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V I www.sphclass.com.sg/notices p ter is 1 Global harmony inmotion PTERIS GLOBAL LIMITED (Incorporated in Singapore on 25 January 1979) (Company Registration Number *****0230M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that
      956 words
    • 733 19 f~rli COMMUNICATION DESIGN INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5053Z) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms used herein shall bear the same meaning as used in the circular dated 30 October 2014 issued by Communication Design International Limited (the “Circular
      733 words
    • 19 19 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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    • 418 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BOOTS COOTS SINGAPORE PTE. LTD. (Co. Regn. No. *****3890K (IN MEMBERS VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Representative of the Holding Company pursuant to Section
      418 words
    • 366 19 In the Matter Of The Companies Act, Cap. 50 And In The Matter Of SOLUTION PACKAGING SYSTEMS (S) PTE. LTD. Reg. No.*****4713R NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap.
      366 words

  • TECHNOLOGY
    • 546 20  -  This will help enterprises when making a choice as to which CSP they wish to utilise: IDA By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE Infocomm Development Authority of Singapore (IDA) on Wednesday announced important updates to the Cloud Service Provider (CSP)
      546 words
    • 888 20  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE interest in cloud computing is very high in Singapore, and this is best exemplified by the buzz at the CloudAsia 2014 event which got underway here on Wednesday. The Republic is the largest
      BT Graphics; Source: EMC  -  888 words
    • 506 20  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur HAVING turned in a performance of “clockwork precision” for the third quarter to end September, semiconductor manufacturer Globetronics Technology has indicated it expects a ramp-up in its sensor business particularly wearable and proximity sensors.
      506 words
    • 460 20 WP Washington HACKERS thought to be working for the Russian government breached the unclassified White House computer networks in recent weeks, sources said, resulting in temporary disruptions to some services while cyber teams worked to contain the intrusion. White House officials, speaking on condition
      WP  -  460 words
    • 412 21 BLOOMBERG New Delhi INDIA is set for a “digital revolution” as it implements a US$18 billion programme to expand high-speed Internet access and offer government services online, the nation’s communications minister said. Goals include broadband Internet for 250,000 clusters of villages by 2016 at
      BLOOMBERG; PHOTO: BLOOMBERG  -  412 words
    • 391 21  -  Facility an incubator for the development of business analytics capabilities; will partner NUS, Temasek Poly By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SEMICONDUCTOR and systems solutions company Infineon on Tuesday opened its first global Business Analytics Centre of Competence (BACoC) in
      391 words
    • 603 21 BLOOMBERG New York RENREN Inc was touted the Facebook Inc of China when it debuted in New York in 2011. Today, it’s looking more like online flameout Myspace. The stock has lost more than three quarters of its value since 2011 and will
      BLOOMBERG  -  603 words
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  • Page 21 Advertisements
    • 293 21 Fujitsu recommends Windows. FUJITSU Stay Informed. Stay Secured. CLEARSURE. WHAT IS FUJITSU CLEARSURE SOLUTION? Latest Mobile Device Management (MDM) solution focusing on Data Leak Protection (DLP) Disaster recovery solution against internal threats, lost or stolen mobile devices Remote System Lock I Data-wipe device in power-off state System lock or data-wipe
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  • CONSUMER
    • 926 22 Their hot picks’ list is popular with peers and is used to push products during the season BLOOMBERG San Francisco AMAZON.COM chief executive officer Jeff Bezos has a knack for harnessing product reviews to get customers to buy online. His latest move:
      BLOOMBERG  -  926 words
    • 577 22 Start-ups avoid pitfalls of investing in warehouses and hiring large numbers of staff AFP Washington APP in hand, Jack Plater-Zyberk has delivered caviar, condoms, chicken nuggets, cases of beer and even a little black dress. And he can get it to you within
      AFP; PHOTO: AFP  -  577 words
  • Page 22 Advertisements
    • 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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  • TRANSPORT
    • 988 23 Business conglomerates argue over expressway bid, location of train station BLOOMBERG MANILA WHILE Philippine tycoons argue over a typing error in a highway bid and whose shopping mall benefits the most from a train station, commuters including Aneka Rodriguez are paying the price. A
      BLOOMBERG  -  988 words
    • 240 23 BLOOMBERG Kuala Lumpur Malaysian Airline System’s majority owner, sovereign fund Khazanah Nasional, has invited investment banks to pitch for a role overseeing the airline’s restructuring, people familiar with the matter said. Khazanah has asked select banks to submit proposals by tomorrow, they said,
      BLOOMBERG  -  240 words
    • 853 24 Merkel’s pursuit of a ‘balanced budget’ has resulted in disrepair of roads and bridges which may jeopardise the country’s growth prospects BLOOMBERG For SMS Siemag AG, a pothole isn’t just a pothole. The maker of metal-processing plants, which ships products around the world, says
      BLOOMBERG  -  853 words
    • 142 24 BRITISH Airways (BA), which offers a twice-daily service to London from Singapore, has started to use its double-decker Airbus A380 jumbo jet on the route to cater to demand out of Singapore. The airline is now running three A380 services a week between the
      142 words
    • 529 24 REUTERS BEIJING CHINA is waging war on pollution, closing factories and targeting dirty coal-fired power plants, but its ports are pumping out pollution virtually unchecked, according to a report by a US environmental group. The thousands of ships that ply China’s
      REUTERS  -  529 words
    • 717 24 REUTERS New York US airlines have said little publicly about political pressure to close the country’s borders to travellers from Ebo-la-ravaged countries in West Africa, but in private they have briefed government officials about the challenges to implementing a
      REUTERS; PHOTO: AFP  -  717 words
  • Page 23 Advertisements
    • 2418 23 SYSMA HOLDINGS LIMITED (Company Registration No. *****7614H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Sysma Holdings Limited (the “Company”) will be held at Serangoon Gardens Country Club, 22 Kensington Park Road, Singapore *****1 on Friday, 21
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  • Page 24 Advertisements
    • 172 24 .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
      172 words

  • GOVERNMENT & ECONOMY
    • 720 25  -  Industrial output rises by a quicker-than-expected 2.7% in September compared with the prior month By Anthony Rowley Tokyo IN a further sign that the world’s third largest economy is recovering from the shock of April’s consumption tax hike, Japan’s
      PHOTO: REUTERS  -  720 words
    • 420 25 Ex-Hong Kong central bank chief warns against allowing protests to continue HONG KONG PROTESTS REUTERS Hong Kong A MEMBER of China’s central bank’s advisory body has warned on Wednesday that Beijing will punish Hong Kong if pro-democracy protests that have paralysed parts of the Chinese-controlled
      REUTERS  -  420 words
    • 178 25 AFP Berlin THE finance ministers of around 50 countries meet in Berlin on Wednesday to sign a deal they hope will put an end to banking secrecy and aid the worldwide fight against tax fraud and evasion. “Banking secrecy, in its
      AFP  -  178 words
    • 687 26 Focusing on meeting its ambitious 7.5% target into next year will detract from govt’s reform plans, it says REUTERS Beijing CHINA can cut its economic growth target to 7 per cent next year without hurting its labour market, the
      REUTERS; PHOTO: AFP  -  687 words
    • 368 26 REUTERS Shanghai ALL it would take is a handshake: China’s president and Japan’s prime minister greet each other cordially for a bilateral meeting at an Asia-Pacific leaders’ summit, and from there deals are approved, consents are granted, and doing business starts looking
      REUTERS  -  368 words
    • 805 26 Regional govts disposing of assets to finance building of public infrastructure BLOOMBERG Melbourne AUSTRALIAN Prime Minister Tony Abbott is turning out to be an investment banker’s best friend. His centre-right government is in the midst of an unprecedented push
      BLOOMBERG  -  805 words
    • 394 26 BLOOMBERG Mumbai INDIAN Prime Minister Narendra Modi’s five-month administration must start taking unpopular steps to boost economic growth, the country’s former central bank governor said. Falling oil prices have taken some pressure off Indian policymakers by slowing inflation and making it
      BLOOMBERG; PHOTO: BLOOMBERG  -  394 words
    • 631 26 New consumption tax may not be able to make up for shortfall BLOOMBERG Kuala Lumpur PLUNGING oil prices are sapping revenue from Malaysian Prime Minister Najib Razak’s government, putting the onus for budget repair on a new consumption tax.
      BLOOMBERG  -  631 words
  • Page 25 Advertisements
    • 215 25 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 Tin: stb tns r/vr>; > Sleek brushed aluminum build just 19mm slim
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    • 698 25 The Business Times NOTICES CHINA COAL SOLUTION (SINGAPORE) PTE. LTD. (Incorporated in Singapore) (the “Issuer”) NOTICE TO TRUSTEE AND HOLDERS OF THE S$180,000,000 7.5% NOTES DUE 2016 (THE “NOTES”) (ISIN: SG6SJ*****01) The Issuer refers to the trust deed dated 16 September 2014 (the “Trust Deed”) made between (1) the Issuer,
      698 words

  • Page 26 Advertisements
    • 236 26 Ho Seng Foo Senior Vice President CIMB Securities (Singapore) Pte Ltd Many people trade in stocks but how many can enter a trade with confidence and achieve profits consistently? In an increasingly uncertain and volatile investment environment, picking the right stock, entering at the right level and having the discipline
      236 words


  • OPINION
    • 822 28  -  TT THE BOTTOM LINE By Paul Krugman NYT AMERICA used to be a country that built for the future. Sometimes the government built directly: Public projects, from the Erie Canal to the Interstate Highway System, provided the backbone for economic growth. Sometimes
      NYT  -  822 words
    • 579 28 EDITORIAL THE last few weeks have been revolutionary ones in the United States, at least from the perspective of Hollywood. In rapid succession, ESPN announced that it is set to launch a streaming-only service for NBA content, CBS launched an online
      579 words
    • 1169 28  -  Several American presidents over the past century and more considered it a cardinal sin if they didn’t strike ‘manly’ postures to support their diplomatic bargaining. BY HARISH MEHTA BY HARISH MEHTA T The writer, a former BT senior correspondent, is a historian who has taught at
      PHOTO: AFP  -  1,169 words
    • 1065 29  -  By Frank-Jürgen Richter T The writer is founder and chairman of Horasis, a global visions community HAS China any weakness? Well, yes and no. Of course, an opinion writer might say this, but I believe China is somewhat vulnerable to an incoming
      1,065 words
    • 704 29  -  By Lee Kuan Yew T The writer is a former prime minister of Singapore. This article appears in the Nov 3, 2014 issue of ‘Forbes’ SOUTH-EAST Asia was hit with two tragic aviation incidents in 2014, both involving Malaysia’s state carrier,
      704 words
    • 1110 29  -  The Indonesian Port Corporation is capitalising on Indonesia’s potential to be a worldclass shipping player. BY BETTINA BUECHEL player.BY BETTINA BUECHEL T The writer is director of IMD’s Orchestrating Winning Performance programme in Singapore where the IPC’s Pak Lino will be a keynote speaker.
      PHOTO: BLOOMBERG  -  1,110 words


  • 998 30 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 30 Advertisements
    • 155 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE 1UE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Del iver y
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  • LIFE & CULTURE
    • 500 31  -  Inaugural International Premier Tennis League will take place from Dec 2-4 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE is set to experience tennis fever once again when some of the world’s top players, including the new BNP Paribas WTA Finals champion
      PHOTOS: AFP, REUTERS  -  500 words
    • 706 31 Falling population in area where it operates prompts firm to organise spouse-hunting event among customers BLOOMBERG Tokyo DEPOSIT your money at a bank in northern Japan and you could get more than interest payments. You might end up getting married. This weekend, 184
      BLOOMBERG  -  706 words
    • 789 31 But gender experts not in favour of such a move, saying it’s a short-term fix REUTERS London TRAINS, buses and taxis for women only are on the rise in cities globally with a Reuters survey finding women feel safer on
      REUTERS; PHOTO: REUTERS  -  789 words
    • 516 31 AFP Paris DRINK lots of milk to strengthen your bones and boost your health, doctors say. But a study in The BMJ medical journal on Wednesday said that Swedes with a high intake of cow’s milk died younger and women suffered more
      AFP  -  516 words
  • Page 31 Miscellaneous
    • 341 31 CRYPTIC CROSSWORD Across 1 Black mark for tourist attraction (6,4) 6 Examine mollusc a nautilus when shelled (4) 9 One in seven workers is out to lunch (5) 10 Belief in teaching (9) 12 Film’s closing credit, perhaps, missing Depp’s first name (7) 13 Love gin knocked back in school
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