The Business Times, 31 October 2014

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Microfilm: NL33269
Total Pages: 48
1 18 The Business Times
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  • Title Section
    Lock icon Masthead
    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 Friday, 31
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  • Article
    Lock icon MARKETS
    27 1 Thursday Change STI 3,234.31 +10.28 KL COMP 1,842.78 +3.23 NIKKEI 225 15,658.20 +104.29 HANG SENG 23,702.04 -117.83 SHENZHEN B 974.94 +0.37 DOW (noon EDT) 17,121.21 +146.90
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  • Article, Illustration
    Lock icon DAILY DIGEST
    242 1 Initial public offerings from emerging-market issuers are set for their best year since the global financial crisis despite investors becoming more selective about where they place their capital, says international law firm Baker McKenzie. TOP STORIES 4 United Overseas Bank posts strong results for the third quarter, with
    242 words
  • Article
    Lock icon New rules to boost construction skills
    703 1  -  From 2017, at least 1 in 10 Work Permit workers must be of higher skill, says DPM Tharman By Chuang Peck Ming peckming@sph.com.sg @peckmingBT Singapore WITH the inflow of foreign workers easing to the pace that the government wants, the policy focus is now
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  • Article
    Lock icon Spike in bad home loans swells Singapore banks’ NPLs
    694 1  -  UOB housing NPL hits half a billion dollars at end Q3; Wing Hang consolidation pushes up figure at OCBC By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SLIDING Singapore home prices especially those of high-end residences are piling on more bad loans
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      137 1 *****4 ONLINE ONLY BUSINESS EXCELLENCE 20 years of superior performance 18-PAGE SPECIAL CELEBRATE IN STYLE Super cool places for your year-end parties Read Boardroom Matters, a series of articles from the Singapore Institute of Directors, on BTInvest every Friday btd.sg/BMatters BT PROPERTY CLASSIFIEDS To subscribe to BT Property Classifieds, email
      137 words
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      Lock icon Page 1 Advertisements Column 2
      25 1 Ending QE Reports,Page 2 Officially dead, but its ghost could linger Singapore traders unmoved; prices stay flat Commentary: Fed’s experiment produces precious little PHOTO: BLOOMBERG
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  • TOP STORIES
    • Article
      Lock icon QE is officially dead, but its ghost could linger
      750 2  -  Some investors detect hawkish tone from Fed’s rate-setting board, but fund managers defer Ending QE By Rob Curran btworld@sph.com.sg THE US Federal Reserve’s quantitative easing programme is officially dead, but its ghost will continue to haunt the US stock market at
      750 words
    • Article
      Lock icon Singapore traders unmoved; prices stay flat
      478 2  -  Brokers’ focus may be on Malaysia stocks, which offer better ratios than Singapore’s By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore NEWS that the US Federal Reserve has ended its unprecedented asset purchase programme barely caused a ripple in the Singapore market on Thursday, with prices
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    • Article
      Lock icon Fed’s experiment produces precious little
      386 2  -  By Martin Hutchinson, Richard Beales REUTERS BREAKINGVIEWS THE Federal Reserve doesn’t have a whole lot to show for its experiment in quantitative easing. Three rounds of bond purchases worth nearly US$4 trillion over six years ended with Wednesday’s rate-setting committee statement. Despite the stimulus, US
      REUTERS BREAKINGVIEWS  -  386 words
    • Article, Illustration
      Lock icon Can they finally QE-it?
      44 2 The US Federal Reserve has twice tried to end quantitative easing, only to restart asset purchases when it realised that the US economy was still in need of stimulus. Will the end of QE3 be any different? BT Graphics: Source:
      BT Graphics:; Source:  -  44 words
    • Article
      Lock icon Q3 GDP up 3.5%, keeping up with growth momentum
      539 2 LATEST US DATA BLOOMBERG Washington THE ECONOMY in the US expanded more than forecast in the third quarter, capping its strongest six months in more than a decade, as gains in government spending and a shrinking trade deficit made up for
      BLOOMBERG  -  539 words
    • Article
      Lock icon Correction
      40 2 IN “SGX’s Richard Teng leaving to join Abu Dhabi Global Market” (BT, Oct 30), we mis-spelt the name of the Singapore Exchange’s head of legal. It should be Eli Cohen, not Eli Chen. We are sorry for the error.
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    • Article
      Lock icon STB, MICE players chart course for the sector
      605 3  -  3-pronged MICE2020 plan aimed at maintaining Singapore’s edge as a top Asian venue By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AS competition hots up across the region, the Singapore Tourism Board (STB) and the meetings, incentives, conferences and events (MICE) industry are launching
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    • Article, Illustration
      Lock icon Berjaya eyeing S’pore listing for landfill unit
      516 3 Vincent Tan also says it is looking for casino joint ventures in North Asia BLOOMBERG Kuala Lumpur BERJAYA Corp is considering selling shares in a unit in Singapore and seeking joint ventures in casinos in North Asia as the Malaysian conglomerate expands outside
      BLOOMBERG; PHOTO: BLOOMBERG  -  516 words
    • Article, Illustration
      Lock icon Emerging-market IPOs set for good year
      600 4  -  Baker McKenzie says cross-border IPOs from emerging-market issuers have seen a 154% rise in capital raised in the first three-quarters of 2014, compared to 2013 By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore INITIAL public offerings (IPOs) from emerging-market issuers are set for their best year
      Source: Thomson ONE  -  600 words
    • Article
      Lock icon Record number of organisations win Singapore Quality Award
      448 4  -  By Chuang Peck Ming peckming@sph.com.sg @peckmingBT Singapore A TOTAL of seven winners were unveiled last night at the Business Excellence Awards ceremony, including a record five winners for the Singapore Quality Award (SQA). Since the SQA kicked off in 1994, there have
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    • Article, Illustration
      Lock icon Renewal energy takes centre stage as Republic eyes regional potential
      711 4  -  SINGAPORE ENERGY By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE spotlight fell on renewable energy this year at the Singapore International Energy Week (SIEW). Even as momentum builds up in the local solar power market, the Republic’s eyes are clearly set
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    • Article
      Lock icon It’ll take years to build LNG trading hub here
      500 4  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore INDUSTRY players say it will take Singapore at least ten years to develop an Asian trading hub for liquefied natural gas (LNG), and even then, it may not match North America’s Henry Hub or
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      145 2 Investment Seminar: Finding Opportunities in Times of Uncertainty. REDO Investments (S) Pie Lid trust resolute clarity 9th November 2014 2pm 4.30pm Registration at 2pm Presentation starts at 2.30pm Empress 2, Level 2, Carlton Hotel Singapore, 76 Bras Basah Road, Singapore *****8. 5 mins from Bras Basah MRT or City Hall
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      Lock icon Page 3 Advertisements Column 1
      97 3 GP GIRARD -PERREGACIX MECHANICS OF TIME SINCE 1791 > 610 0 1b m m IRARD PERREGACIX O' BO o <o wmm m a R o ay. 30 •S' i '3 I m i sm LIE VI if GIRARD-PERREGAUX 033Q0-0095 CALIBER, iELF-WINDING MECHANICAL MOVEMENT HOUR, MINUTE, SMAiL SECOND, LARGE DATE, MOON
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  • Page 4 Advertisements
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      97 4 ijaat/eatsl {sia/t <C' &a/Uev/f/joy i a/y Y// I rfc aV I. u *v f u ;V \‘a Ws7l v j w V mV v V *5 V' ,v* > <-/l I Srihadi Soedarsono, Willem Doojeward, Lee Man Fong, Hendra Gunawan, Basoeki Abdullah Auction Sunday, 2 November 2014 at: 1.00 pm
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    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      27 4 The Oaks Cellars Shop Online !N It’s Si "Discovery! Unique Smoky Blend] Johnnie Walker Sons Private Collection 2014 Edition SINGAPORE www.oaks.com.sg usual: S$1,150.00 NOWI SS980.00 OAK S
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  • COMPANIES & MARKETS
    • Article
      Lock icon UOB posts 18.7% rise in Q3 profit
      701 6  -  Record earnings of S$866m boosted by robust loans growth, strong gains in fee and trading income BANK RESULTS By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank (UOB) posted on Thursday strong results for the third quarter, with net profit rising 18.7
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    • Article
      Lock icon OCBC expects impact from tepid housing market in H2 2015
      667 6  -  Q3 net profit including one-off gain and Wing Hang contribution up 62% at S$1.23b By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OVERSEA-CHINESE Banking Corporation (OCBC) expects the impact of fewer new housing loans in Singapore to be reflected in the second
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    • Article
      Lock icon LionGold allays concerns over funding issues flagged by auditor
      383 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore LIONGOLD Corp, which has failed to get a clean bill of health from auditor PwC for its latest full-year financial results, has sought to assure shareholders that it is able to obtain sufficient funding for
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    • Article
      Lock icon Aspial Corp CEO not voted in at LCD Global’s AGM
      418 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AGAINST market expectations of winning a board seat at LCD Global Investments, Aspial Corporation chief executive officer Koh Wee Seng failed to garner sufficient votes from other shareholders at the annual general meeting (AGM)
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    • Article
      Lock icon Tuan Sing trebles Q3 gain; looks to better full year
      493 6 Singapore TUAN Sing Holdings, which posted a tripling in third-quarter net earnings, is optimistic about better operational performance for the year ended Dec 31, 2014 compared to FY2013, said its CEO William Liem. The group expects to complete the acquisition
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    • Article
      Lock icon IndoAgri Q3 net profit inches up 1.6%
      443 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DEFYING a recent decline in commodity prices, edible oils and fats products maker IndoAgri posted a 1.6 per cent rise in net profit attributable to shareholders for the third quarter ended Sept 30, 2014 to 124.8 billion
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    • Article
      Lock icon AA Reit Q2 DPU up on higher income, lower costs
      477 7  -  During the quarter, renewal contracts marked a weighted average rental increase of 8.6% By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AIMS AMP Capital Industrial Reit (AA Reit) posted a distribution per unit (DPU) of 2.77 Singapore cents for its fiscal second
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    • Article
      Lock icon Starhill Global Reit’s Q3 DPU up 5%
      400 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore STARHILL Global Reit on Thursday reported a distribution per unit of 1.27 Singapore cents for its third quarter ended Sept 30, 2014. This was 5 per cent higher than its DPU of 1.21 Singapore cents a year
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    • Article
      Lock icon M&C Hotels posts 6.6% rise in Q3 profit
      224 7 REUTERS Bangalore MILLENNIUM COPTHORNE Hotels’ third-quarter profit rose 6.6 per cent as an increase in global business travel drove occupancy and room rates. Pretax profit rose to £50.2 million (S$102.8 million) in the quarter ended Sept 30 from £47.1 million a year
      REUTERS  -  224 words
    • Article
      Lock icon New rules to woo listings from developed markets
      311 7  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SINGAPORE Exchange (SGX) has streamlined rules for secondary listings to encourage more companies from developed markets to list here. The new framework, which follows a public consultation in June, takes effect next Monday. SGX CEO Magnus
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    • Article, Illustration
      Lock icon Changing from court suit to C-suite
      920 8  -  Veteran lawyers pitch a business case for soon-to-be-listed Zico Holdings By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore COME Nov 11, Zico Holdings, a firm that rides on the brand of famed law firm Zaid Ibrahim Co or Zico that began atop a bicycle shop in
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    • Article
      Lock icon MTQ’s Q2 net dips on unit’s poor showing
      277 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MAINBOARD-LISTED MTQ Corporation Ltd has reported a 3 per cent dip in net profit to S$ 5.3 million in its sec-ond-quarter results for the financial year 2015, dragged down by a loss in revenue from its
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    • Article, Illustration
      Lock icon DBS wins top awards for private banking
      190 8 DBS Bank’s group head of consumer banking and wealth management, Tan Su Shan, was recognised as the world’s Best Leader in Private Banking at the PWM Global Private Banking Awards 2014, a first for a Singaporean. DBS also beat out other banks in
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    • IN BRIEF
      • Article
        Lock icon Keppel T&T plan to list data centre Reit underway
        60 8 Keppel Telecommunications Transportation has confirmed that efforts to list a data centre real estate investment trust on the Singapore Exchange mainboard are underway. It has submitted applications to SGX and the Monetary Authority of Singapore which are currently under review. The
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      • Article
        Lock icon Jaya Holdings posts S$43,000 loss and no revenue in Q1
        102 8 Jaya Holdings has reported a net loss of S$43,000 for its first quarter ended Sept 30, 2014 compared to a net profit of S$9.6 million a year ago. It did not reap any revenue for the quarter. A year ago,
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      • Article
        Lock icon The Hour Glass buys Sydney property
        71 8 The Hour Glass has bought a six-level freehold retail and office building on 192 Pitt Street in Sydney from Lee Tai Enterprises (Australia), a privately-held company, for A$32.8 million (S$36.9 million). Situated on a 186 sq m site, the building comprises five levels of
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      • Article
        Lock icon Parkway Life Reit’s DPU up 8.9%
        66 8 Parkway Life Reit posted an 8.9 per cent increase in distribution per unit to 2.90 Singapore cents for its third quarter ended Sept 30. Net property income grew 8.6 per cent to S$23.7 million while revenue rose 8.5 per cent to S$25.3 million due
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    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times index Oct 30,2014 3,234.31 +10.28 (+0.32%) Current streak 2 days Day high 3,234.31 Day low 3,219.62 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Oct 30,2014 778.64 -4.5 (-0.57%) Current streak 1 day Day high 787.38 Day low
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    • Article, Illustration
      Lock icon STI escapes hawkish Fed tone to gain 0.3%
      643 10  -  Market mixed in lacklustre session, with more share-price falls than rises despite index ending 10.28 points higher STOCKS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT SINGAPORE stocks turned in a mixed session on a lacklustre Thursday, with more losers than gainers despite gains in
      Source: Bloomberg  -  643 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index Oct 30,2014 782.65 +1.64 (+0.21%) Current streak 2 days Day high 782.65 Day low 779.85 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Oct 29,2014 1,805.63 +10.26 (+0.57%) Current streak 9 days Day high 1,811.44 Day low 1,794.08 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 STI STOCKS
      308 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 xd +1 225/222 250 206 6.3 5685.1 CapitaLand 313 -3 315/310 348 268 15.7 2.6 *****.3 CapitaMall Trust 195.5 +1 195.5/194 209 180 5.3 6780.5 CityDev 939 -19 954/937 1118 860
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME MDR 68,728,000 IHC 66,005,000 Digiland Intl 40,926,000 Yongnam 37,763,000 HPH Trust USD 34,198,000 Market volume 1,316,170,000 VALUE Keppel Corp 63,223,340 UOB 57,367,380 DBS Grp 42,454,632 OCBC Bank 40,964,779 Noble 39,155,282 Market value 923,383,000
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    • Article
      Lock icon SGX ETFS
      105 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US747 +5 128 747/741 779/541 750/755 93.4 STI ETF 327 50 329/326 343/298 326/328 Lyxor CRBNonEny US$ US237 49 237/236 261/228 235/238 25.4 Lyxor Asia US$ US507 -3 45 507/507 543/450 506/508
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 10 Oct 30 VALUE CLOSE BT OB/OS -2.00 +134.00 BT CADI -*****.00 -22.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 745.35 -1.70 FTSE ST Small Cap 516.92 +0.15 FTSE ST All Share 782.65 +1.64 FTSE ST China Top 187.47 -0.53 FTSE ST China 222.81 +0.74 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 6 0 0 0 3 6 6 Manufacturing 37 38 32 5 9 11 42 47 43 Commerce 13 17 21 3 7 6 16 24 27 Tpt/Stor/Comms 8 13 15
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,021 20,021 98,342 98,342 Manufacturing 186,095 35,583 221,678 100,437 3,354 103,791 Commerce 145,975 34,240 180,215 117,333 2,133 119,466 Tpt/Stor/Comms 82,372 1,435 83,807 101,363 252 101,615 Finance 26,675 205 26,880 154,537 59 154,596 Construction 52,572 38,714
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    • Article
      Lock icon GAINERS
      73 10 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 8918 116.4 1.0 9636/6957 JSH USD 3553 67.8 1.5 3810/3006 DBXT Nifty US$ ***** 65.2 0.4 *****/9759 UOB.ES.1410 2239 56.0 2.6 2239/2183 UOB 2246 43.0 2.0 2424/1940 BY PERCENTAGE CLOSE UP 52w high/low ISDN W*****0 3 50.0 1.0 24.5/1.9 UOB
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -441.2 -1.3 *****/***** GLD US$ ***** -312.0 -2.1 *****/***** DBXT EONIA US$ ***** -269.8 -1.2 *****/***** DBXT AUDCS US$ ***** -263.4 -1.1 *****/***** DBXT iBoxxKR US$ ***** -145.8 -0.7 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low PCI 44.5 -19.8-11.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Yongnam 37,763.0 0.240 +0.040 +20.00 Goodland 144.0 0.275 +0.050 +22.22 MDR 68,728.0 0.006 +0.001 +20.00 TMC Education 280.0 0.090 -0.005 -5.26 Sino Grandness 26,388.0 0.445 +0.050 +12.66 Straits Trading 7,569.668 2.910 +0.110 +3.93 Teckwah 579.0 0.370 -0.015 -3.90 Kori 1,192.0 0.465 +0.025 +5.68 Noel Gifts
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    • BROKERS’ TAKE
      • Article
        Lock icon Yoma Strategic Holdings
        113 10 Buy Oct 30 Close: S$0.665 Target price: S$0.74 OCBC Investment Research, Oct 30 Q2FY15 Patmi (profit after tax and minority interest) increased 222 per cent year-on-year to S$10.8m, mainly boosted by fair value gains; results mostly in line with our expectations. Yoma to launch Zone C in
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      • Article
        Lock icon Mapletree Greater China Commercial Trust
        98 10 Buy Oct 30 close: S$0.93 Target price: S$1.04 DBS Group Research, Oct 29 2Q15 revenue and NPI (net property income) rose 7 per cent and 9 per cent year on year to S$67.5 million and S$55.2 million respectively; in line with expectations, and exceeded prospectus
        98 words
      • Article
        Lock icon Eu Yan Sang Int’l
        151 10  -  Compiled by Andrea Soh Reduce Oct 30 close: S$0.755 Target price: S$0.68 CIMB Research, Oct 29 EU Yan Sang’s results were below expectations as core earnings formed just 1.2 per cent of our FY15 forecast. The Occupy Central movement in HK has led to lower Chinese
        151 words
      • Article
        Lock icon CALENDAR
        29 10 DATA I 10.00 am Singapore Business Expectations Singapore Bank Lending I 10.30 am Singapore Employment Situation Report I 8.30 pm US Employment Situation Report US Employment Cost Index
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    • Article
      Lock icon Won leads losses in Asia on ‘hawkish’ Fed view
      357 11 CURRENCIES REUTERS Singapore MOST emerging Asian currencies slid on Thursday as the Federal Reserve struck a more hawkish tone than expected at its policy meeting this week, signalling confidence in the US economy after ending its bond-buy-ing programme. South Korea’s won
      REUTERS  -  357 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Oct 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.983 5.362 0.697 6.799 53.904 106.322 0.957 9.247 2.880 1.126 90.256 39.364 1.121 9.612 0.840 26.649 28.550 0.549 0.877 Canada 1.018 5.456
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Oct 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1210 1.1214 0.8766 0.8768 Canadian dollar 1.1405 1.1413 0.8923 0.8918 Euro 1.6092 1.6099 1.2584 1.2587 NZ dollar 0.9955 0.9960 0.7785 0.7787 Sterling pound 2.0428 2.0432 1.5974 1.5975
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Oct 30 S$ Bid Offer 1-month 1.2788 1.2790 2-months 1.2788 1.2790 3-months 1.2788 1.2791 6-months 1.2787 1.2790 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        365 11 Oct 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.50 *****.04 *****.83 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar15 *****.00 *****.00 *****.00 *****.00 0 839 MSCI TAIWAN INDEX FUTURES SPOT 330.12 330.12 327.80 Oct14 329.90 332.00 328.40 329.27 ***** ***** Nov14 330.00
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        216 11 Most active Oct 30 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left TIH Limited W*****9 0.5 unch 6258 1 128 31 UOB MB eCW*****2 11.4 2.3 4650 0.1 2360 5 OCBC Bk MB eCW*****2 6.3 -0.1 4378 0.1 1001
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 29 Index Change Change Change Change Change Change World Preliminary 1226.9 0.0 3.6 -0.1 2.1 0.1 1.5 EAFE Preliminary 944.4 0.5 -1.2 0.4 -5.1 0.6 -5.7 Europe Preliminary 1335.2 0.2 -1.5
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 11 Oct 30 (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 11 Oct 30 $S Offer Bid 0vernight 0.10 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.10 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 11 Oct 30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.01 5-Year N*****0H 1.625 01-Oct-19 100.72 100.85 100.77 10-Year NY*****H 3.000 01-Sep-24 106.17 106.42 106.30 15-Year NY*****E 2.875 01-Jul-29 102.07 102.35 102.35 20-Year NZ*****V 3.375 01-Sep-33 107.75 108.00 107.95
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 11 Oct-29 Price Net change change Last Trade Agricultural Oct-29 CBOT Soybeans (US cents/bu) 1043.00 35.00 3.47% 14/11/2014 CBOT Soybean Oil (US cents/lb) 34.18 1.39 4.24% 12/12/2014 CBOT Wheat (US cents/bu) 538.25 7.50 1.41% 12/12/2014 Oct-29 LIFFE Cocoa (£/tonne) 1915.00 16.00 0.84% 12/12/2014 LIFFE Coffee (US$/tonne) 2042.00 20.00 0.99%
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      • Article
        Lock icon PALM OIL
        57 11 Oct 30 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2290.0 2275.0 2290.0 2268.0 163 1803 Dec 14 2295.0 2287.0 2309.0 2278.0 6157 ***** Jan 15 2285.0 2280.0 2302.0 2270.0 ***** ***** Feb 15 2285.0 2280.0
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      39 6 YEAR OF THE INDIAN BEAUTIES Indian Singaporeans win three major pageant titles here this year INDIA’S ROBIN HOOD ARMY THAT FEEDS THE HOMELESS GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      731 7 (Company Registration No.: LL*****) (Incorporated in Labuan on 9 December 2010) INTEGRATED PROVIDER OF MULTIDISCIPLINARY PROFESSIONAL SERVICES An integrated network of professional service firms focused on the ASEAN region Enable our clients to capitalise on opportunities across Southeast Asia through our multidisciplinary services, regional capabilities and local insights Placement Now
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      1965 8 SINGAPORE PRESS HOLDINGS LIMITED INCORPORATED IN SINGAPORE. CO. REG. NO. *****2868E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirtieth Annual General Meeting of Singapore Press Holdings Limited (the “Company”) will be held at The Auditorium, 1000 Toa Payoh North, News Centre, 1st Storey, Annexe Block, Singapore
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      1980 9 SINGAPORE PRESS HOLDINGS LIMITED INCORPORATED IN SINGAPORE. CO. REG. NO. *****2868E CHAIRMAN’S STATEMENT Dr Lee Boon Yang Chairman The past financial year saw a series of worrying events that impacted the world economy and businesses everywhere. Adverse developments in the Ukraine and the Middle East, on top of domestic policies
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Visa, Master welcome China’s open cards move
      722 12 US firms stand to gain access to a growing market worth more than US$1t a year REUTERS Beijing VISA and MasterCard welcome China’s plans to open up its market for clearing domestic bank card transactions, as they stand to gain access to a
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    • Article
      Lock icon Prosecutors wrestling with Wall Street’s repeat offenders
      1012 12 NYT New York ON Wall Street, it would be the corporate equivalent of a parole violation: Just two years after avoiding prosecution for a variety of crimes, some of the world’s biggest banks are suspected of having broken their promises to behave. A
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      2661 12 DATAPULSE technology DATAPULSE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****2677D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the thirty-fourth annual general meeting of Datapulse Technology Limited (the "Company") will be held at Furama Riverfront, Venus 1, Level 3. 405 Havelock Road. Singapore
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Abu Dhabi changing its oil concession strategy
      947 13 western firms risk being left out as emirate looks to Asia for new industry partners NYT Dubai ABU Dhabi, the largest and wealthiest member among the seven states in the United Arab Emirates (UAE), is shaking up its oil industry. It has allowed
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      Lock icon China rushes to tap wind before incentive cuts
      608 13 BLOOMBERG Beijing CHINA is on course this year to build four times the total wind power installed in all of Denmark as developers push to build the turbines ahead of cuts to incentives originally designed to spur the industry. “The trend is
      BLOOMBERG; PHOTO: BLOOMBERG  -  608 words
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      1550 13 The Business Times k I 1 I /"I I 1 P Toll free 1800-289-8822 I I Email notices@sph.com.sg i j L J www.sphclass.com.sg/notices In the Matter of The Companies Act (Chapter 50) And In the Matter of JOINTLOYAL PTE LTD (In Creditors’ Voluntary Liquidation) Reg. No. *****6840Z NOTICE OF FINAL
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      95 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FUKUOKA SHIPHOLDING PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****7159H) NOTICE OF MEMBER’S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on 24
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  • TECHNOLOGY
    • Article
      Lock icon M1 to open new data centre, boost cloud offering
      566 14  -  It ties up with Hitachi Data Systems to provide SMEs in Singapore a comprehensive suite of secure services By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore TELCO M1 will, on Friday, announce its next-generation data centre and a partnership with Hitachi Data
      566 words
    • Article
      Lock icon NTU, Southampton U in photonics, optics research tie-up
      492 14  -  New institute based in Singapore has received S$100 million in funding for current projects By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IMAGINE if the Internet or electronic circuits are powered by light instead of electricity. This could be possible with the launch of
      492 words
    • Article, Illustration
      Lock icon Microsoft giving wearable tech firms a run for their money
      743 14 Company’s wrist-worn fitness device and related online service aim to help people with fitness goals NYT Washington MICROSOFT has a place on desks, in living rooms and pockets. Now, like many other big technology companies, Microsoft believes it belongs on
      NYT; PHOTO: NYT  -  743 words
    • Article
      Lock icon Samsung seeks smartphone revamp to arrest profit slide
      354 14 REUTERS Seoul SAMSUNG Electronics Co Ltd on Thursday said it would revamp its smartphone line-up to take on competitors in the rapidly growing mid-to-low-range segment, after thirdquarter earnings set it on course for its worst year since 2011. The global smartphone leader’s
      REUTERS  -  354 words
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      Lock icon US probes unmanned supply rocket explosion
      808 14 REUTERS Cape Canaveral, Florida AUTHORITIES on Wednesday started investigating what caused an unmanned US supply rocket to explode in a fireball moments after lift-off from a Virginia launch pad, destroying cargo and equipment bound for the International Space Station. The 14-storey Antares rocket, built
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  • CONSUMER
    • Article, Illustration
      Lock icon Retailers up social media efforts for the holidays
      913 15 US retailers eye Black Friday, Halloween and Christmas sales NYT New York JUST about everyone who buys candy is familiar with Red Vines. Beginning next week, consumers will hear about Black Vines as in Vines, those popular six-second video clips, that will
      NYT; PHOTO: BLOOMBERG  -  913 words
    • Article
      Lock icon Pork demand spurs Vietnam to grow genetically-modified corn
      594 15 BLOOMBERG Hanoi VIETNAM plans to sow genetical-ly-modified (GM) crops for the first time as demand for corn to fatten hogs expands in the country where pork consumption climbed 80 per cent in the past decade. The Ministry of Agriculture approved four traits
      BLOOMBERG  -  594 words
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      1923 15 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JBU ICE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****1462D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 8
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      988 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) ACT-NOBEL HOMES PTE LTD CO.REG.NO.*****7806E (IN MEMBERS’ VOLUNTARY LIQUIDATION) (2) SHELFORD TERRACES PTE. LTD. CO.REG.NO.*****1895H (IN MEMBERS’ VOLUNTARY LIQUIDATION) (3) SINGAPORE FLOUR MILLS PTE LTD CO.REG.NO. *****1536R (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes
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  • TRANSPORT
    • Article
      Lock icon Heathrow upgrades year’s traffic forecast
      614 16 Growth is the result of airlines deploying more giant planes to escape airport’s capacity constraints WP London LONDON’S Heathrow airport has said that the deployment of giant wide-body planes by airlines seeking to escape the constraints of capacity curbs at Europe’s busiest hub will lift
      WP  -  614 words
    • Article, Illustration
      Lock icon US airlines not passing fuel savings on to customers
      1112 16 WP Washington AIR travellers filling planes in the US at a record pace are missing out on the fuel savings that motorists are finding at the pump. Even as jet kerosene heads for its first annual decline since 2008, airlines are
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Lake Life releases pricing, brings public viewing date forward
      381 17  -  Pricing is on the higher end due to Evia Real Estate’s record high land price of S$418 psf per plot ratio By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE consortium behind executive condominium (EC) Lake Life on Thursday announced that units will
      381 words
    • Article
      Lock icon China govt supports housing market again in U-turn
      366 17 BLOOMBERG New York WITH China headed for its slowest full-year expansion in a generation, the government has listed housing as one of the six consumption areas to be encouraged after years of trying to cool the property industry. China will “stabilise” property-re-lated
      BLOOMBERG  -  366 words
    • Article
      Lock icon India eases rules on foreign investment
      140 17 BLOOMBERG New Delhi INDIA has eased rules for foreign investment in property development and construction, as Prime Minister Narendra Modi pushes ahead with his plan to boost economic growth, develop smart cities and build every citizen a home by 2019. Real estate companies now
      BLOOMBERG  -  140 words
    • Article, Illustration
      Lock icon Park Hotel Group to venture into Thailand, Indonesia in 2015
      405 17  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PARK Hotel Group is making its foray into Thailand and Indonesia with two new management contracts, which will boost its portfolio to 12 hotels. It has inked an agreement with the Southsea Group which
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    • Article
      Lock icon GIC takes 20% stake in Turkish property firm
      191 17 AFP Singapore SINGAPORE sovereign wealth fund GIC will inject 250 million euros (S$405 million) to acquire a strategic stake in Turkey’s leading commercial real estate developer Ronesans Gayrimenkul Yatirim (RGY), both firms said on Thursday. GIC will acquire “above 20 per cent
      AFP  -  191 words
    • Article, Illustration
      Lock icon Overseas developers drive residential skyscraper boom in Melbourne
      1134 18 23 buildings taller than 200 metres are being planned or built to meet the demand for centrally-located homes, but some analysts are concerned about oversupply BLOOMBERG Sydney AUSTRALIA’S second-largest city is seeing its skyline being transformed at the fastest pace ever by
      BLOOMBERG; PHOTO: WORLD CLASS LAND  -  1,134 words
    • Article, Illustration
      Lock icon UAE developers prefer bank loans to bonds
      790 19 Though banks offer greater flexibility, analysts say dependence on loans in times of crises is risky BLOOMBERG Dubai COUNTING cranes is no way to gauge Dubai’s bond market. As builders embark on megaprojects reminiscent of the city’s pre-2008 property boom, they’re preferring bank
      BLOOMBERG; PHOTO: BLOOMBERG  -  790 words
    • Article
      Lock icon Spain’s small shops fear end of rent regime
      480 19 REUTERS Madrid SPAIN’S independent retailers remain enmeshed in the fabric of daily life at a time when chains and multinationals dominate in much of the rest of western Europe. But many could be forced to shut up shop next year when a
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      11 17 www. o my sg flBS t @r\B m 5 s showbiz.omy.sg
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      219 17 Singapore Capital Expo and Small Cap Showcase 2014 INTRODUCTION FREE ADMISSION Discover Leading and Innovative Growth Companies ShareInvestor, The Business Times Wholesale Investor will bring together up to 1,000 high net worth, accredited, professional and international investors, executives, brokers, fund managers, media and industry participants for the first Singapore Capital
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      83 17 KEEP YOUR ERR CHARGES IN CHECK Q mi EIR P TW EIRP my Find a property near your workplace or MRT stations using ST .sg Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 LDITORtfPUBIJSHER20/ 7 BEST CLASSIFIED WEBSITE with over 1 million unique monthly visitors EPPY sre
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      543 18 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements the Business Times CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE OCEAN DRIVE Seaview! Sentosa Bunglw 2-sty+ basement, 5 bdrm, land 9580/ *****sf. Ronald 9852 9055 D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living,
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      131 18 D14 APARTMENT FOR SALE TRE RESIDENCES 1 Nov Preview! 1bdrm fr $6xxk/ 2brdm fr $8xxk. 3/4/ 4 DK Aljunied MRT. Hurry, Call me for early bird developer sales. Lester Soh 8118 6222 D16 APARTMENT FOR SALE COSTA DEL SOL Value for money! Rare 4rm+maid+ study 1475 sf $2M. Sole agt
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      561 19 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements the business Times CLASSIFIED BUY IT SELL IT FIND IT D15 HOUSE FOR RENT 80C MEYER ROAD Cluster bunglw. Built-in 6500 sqft. 2-sty attic basement pool. Immed. $15.5K. Also sale. Owner 9863 5635/ 9727 2996 (www.wahkhiaw.com.sg) D17 HOUSE FOR RENT 27A TOH
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      122 19 D05 SHOP FOR RENT ALEXCIER Car Showroom Alexcier, Prime Alexandra/Leng Kee Rd 2357 sf 10 cars. Rare! Redhill MRT. Call Astro 9691 1183 D08 OFFICE FOR RENT CONNEXION MEDICAL SUITE Farrer Park MRT. 851 sqft. High flr. Bare unit Immed. VTO. Call Mae Lee 9632 4398 D11 21 OFFICE FOR
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  • OPINION
    • Article
      Lock icon Singapore restructuring: defining success more broadly?
      514 20 EDITORIAL AS the pains of economic restructuring become more evident, questions have once again been raised over whether the growth Singapore is sacrificing in the short-term will pay off. Specifically, will the targets of 2010 be met? The government’s answer to that now, it
      514 words
    • Article, Illustration
      Lock icon The ‘family deficit’ is what matters most
      863 20  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP WE Americans believe in progress, and yet progress is often a dou-ble-edged sword. The benefits and adventures of change often vie with the shortcomings and disruptions, leaving us in a twilight zone
      THE WASHINGTON POST WRITERS GROUP  -  863 words
    • Article
      Lock icon AIIB: MYTHS, VESTED INTERESTS, REALITY
      1656 20  -  A formidable competitor to World Bank and ADB, the new bank will benefit developing Asian countries and also serve several objectives for China. BY CECILIA TORTAJADA AND ASIT K BISWAS China.BY CECILIA TORTAJADA, ASIT K BISWAS T Cecilia Tortajada is a senior research fellow and
      1,656 words
    • Article
      Lock icon Europe’s fiscal wormhole
      790 21  -  By Guntram B Wolff T The writer is director of Bruegel, the Brussels-based economic think tank PROJECT SYNDICATE Brussels THE International Monetary Fund (IMF) now estimates a 30 per cent risk of deflation in the eurozone, and growth figures within the monetary union continue to disappoint. But
      PROJECT SYNDICATE  -  790 words
    • Article
      Lock icon How to appoint truly independent directors
      524 21  -  LETTER TO THE EDITOR Ang Hao Yao I REFER to the article “Judging the true independence of a director” (BT, Oct 27). In the article, the writer said that there would be merit in considering greater rigour in determining the independence of directors by
      524 words
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      Lock icon CONSIDER GENDER DIVERSITY ON BOARDS FOR ITS ECONOMIC VALUE
      1046 21  -  And realise that the external disclosure of a firm’s diversity and inclusion policies can be a value generator.BY generator.BY KAREN LOON T The writer is Territory Diversity Leader for PwC Singapore. The article reflects only her views, not the firm’s THE
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon As reflation deadline nears, BOJ faces prospect of failure
      1213 22 If the target isn’t hit, it may split the board, undermine the bank chief’s authority REUTERS Tokyo WITH just five months left before Bank of Japan (BOJ) governor Haruhiko Kuroda’s self-imposed deadline for banishing deflation, the central bank is preparing for
      REUTERS  -  1,213 words
    • Article
      Lock icon 51 countries sign pact to share data in fight against tax dodgers
      574 22 Europe’s top 5 economies lead the cause; Singapore among the signatories NYT Berlin LED by Europe’s five biggest economies, 51 nations including Singapore have signed what Germany’s finance minister hailed as a milestone in the fight against tax
      NYT  -  574 words
    • Article, Illustration
      Lock icon Indonesia’s fiscal deficit not likely to exceed legal limit
      486 23 New finance minister confident it will not breach the 3% of GDP barrier, as lower expenditure makes up for less tax collected REUTERS Jakarta INDONESIA’S fiscal deficit is not expected to exceed a legal limit this year as government spending has
      REUTERS; PHOTO: BLOOMBERG  -  486 words
    • Article, Illustration
      Lock icon German jobless rate down the most in 6 months
      597 23 BLOOMBERG AFP Zurich GERMAN unemployment unexpectedly declined in October, dropping the most in six months in a sign of companies’ confidence in the underlying strength of Europe’s largest economy. The number of people out of work declined a seasonally adjusted 22,000
      BLOOMBERG; AFP; PHOTO: BLOOMBERG  -  597 words
    • Article
      Lock icon Myanmar political, military heavyweights to meet
      809 23 Talks a first of their kind and so will be the meeting of Aung San Suu Kyi with the country’s powerful armed forces chief REUTERS Yangon MYANMAR’S president and powerful military chief will hold an unprecedented high-level meeting on Friday with major political parties
      REUTERS  -  809 words
    • Article
      Lock icon BayernLB returns US$1.4b in state aid
      344 23 BLOOMBERG London BAYERISCHE Landesbank(BayernLB), Germany’s sec-ond-biggest state-owned lender, said it will return US$ 1.4 billion to the state of Bavaria following the sale of its as-set-backed securities. “We were able to eliminate another legacy issue,” Johannes-Joerg Riegler, the Munich-based lender’s chief executive officer, said
      BLOOMBERG  -  344 words
    • Article
      Lock icon Rallies seen as China’s ‘national security issue’
      300 23 HONG KONG PROTESTS REUTERS Hong Kong HONG Kong’s pro-democracy protests have escalated into a national security issue threatening Chinese sovereignty over the Asian financial centre, a delegate to China’s parliament said on Thursday. Businessman and lawmaker Michael Tien Puk-sun said support for Hong
      REUTERS  -  300 words
    • Article
      Lock icon Merkel wants to clip unions’ wings, as strikes hit German transport system
      617 24 Walkouts have caused big havoc with flights cancelled and train services stopped BLOOMBERG Frankfurt GERMAN Chancellor Angela Merkel is proposing curbs to union power following walkouts in recent months that have crippled the country’s transport network. Strikes this
      BLOOMBERG  -  617 words
    • Article
      Lock icon Brazil central bank stuns market with rate hike
      664 24 25 bp rise in Selic sparks hopes of market-friendly policy changes from govt REUTERS Brasilia BRAZIL’S central bank raised interest rates on Wednesday, surprising investors with a move that signals that President Dilma Rousseff could make more market-friendly policy changes after her
      REUTERS  -  664 words
    • Article
      Lock icon S Korea output flat in Sept, far behind forecast
      349 24 REUTERS Seoul SOUTH Korea’s industrial output was almost flat in September, and was well short of market expectations, suggesting that weak factory activity could undermine a tentative economic recovery following a sharp slowdown in the second quarter. Industrial output rose by
      REUTERS  -  349 words
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      447 22 ??p:r Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST pESfe EfigSas fssil SB3S 5 KB m PiS3 a m I SIS B Early bird price ends 10 Nov 2014 WHY ATTEND? ♦Terms and Conditions apply Seminar fee includes refreshments a buffet lunch at Suntec
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      23 23 LIANHE ZAOBAO SCCCI produces new guide to help Chinese entrepreneurs live and invest in S'pore To subscribe, call 6388-3838 or go to sphsubscriptlon.com.sg
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      46 24 GREAT MUSIC. GREAT FUN. TRUE CLASS. iSS 92 FM 1 N IN THE MORNING ’(‘jJ'i’/gvio'.j.; c *4 W.l'J i #.< 7. r iV)*c V i-'i/ WEEKDAYS 6-10 AM Wjfib J& v i\* wj« ‘Vv M &*X‘'; S» Download on the ANDROID APR ON ®kiss92fm www.kiss92.sg AppStore play
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  • Article
    Lock icon Shipping times
    1733 25 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR MALAYSIA STAR 39 50 10/11 12/11 16/11 18/11 SEIYO SPRING 1 60 12/11 14/11 17/11 19/11
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  • Page 25 Advertisements
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      297 25 C a il a n E n n o r e J e d d a h B r Shanghai Chittagong i s b a n e Ho Chi Minh H o n g J e b e lA NYK RORO (ASIA) PTE. LTD. K o n g REGULAR SERVICE
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      95 27 r ia E I f It Vinum Fine Wines j A ■a 'l s f' -3 IB! iSB K The Whisky Library Careau Wines WE ARE PLEASED TO ANNOUNCE WE ARE OPEN! Come visit our brand new retail stores AT 1 SCOTTS ROAD, SHAW CENTRE LEVEL 2 caveau WINES VINUM
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      318 27 CRYPTIC CROSSWORD Across 8 Peril not problematical for group seeking criminals (8) 9 Characters enthralled by worker ranting, deviating from the norm (6) 10 Girl soon losing love (3) 11 Basic principle this person’s found in harsh holy books (8) 12 Theologian into drink, delivery initially confused (6) 13 Something
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  • BT Lifestyle
    • CELEBRATE IN STYLE
      • Article, Illustration
        Lock icon Experience a ‘different dimension’
        530 30  -  The year-end party scene is expected to hot up as 2014 draws to a close. If you are hosting one anytime soon, these four revamped event spaces might be perfect for leaving an impression with your guests. By TAY SUAN CHIANG The Pavilion, Shangri-La Hotel www.
        530 words
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        Lock icon Highlights of a rooftop bash
        510 30 20th Floor, Four Seasons Hotel Singapore www.fourseasons.com/singapore IF you have attended an event on the 20th floor rooftop of the Four Seasons Hotel Singapore, you would know that stepping into the space is much like being away from Singapore. Sure, you still see the familiar
        510 words
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        Lock icon Wine, wind and water
        535 30 Sunreef62, Blue Star Yachting www.bluestaryachting.net Wine appreciation gettogethers are dime a dozen, but how about one onboard a yacht? Blue Star Yachting offers it on the Sunreef62, a luxurious catamaran which it has been renting out since September. “It is a beautiful, balmy way to experience
        535 words
      • Article, Illustration
        Lock icon Hosting a garden party... indoors
        388 30 taysc@sph.com.sg @TaySuanChiangBT The Royal Greenhouse Garden, Orchidville www.orchidville.com Landscaping specialist Joseph Phua wants to make popular the concept of indoor landscaping. “People think that plants can only be grown outdoors, but by selecting the right plants, greenery can be brought indoors too,” says Mr Phua,
        388 words
    • CITY LIFE
      • Article, Illustration
        Lock icon Mall’s impending doom inspires guerrilla art
        802 26 The trio who organised the ‘Eminent Takeover’ aren’t done yet; they’re looking for new spaces to make an artistic statement.BY RACHEL LOI rachloi@sph.com.sg @RachelLoiBT IF YOU’VE driven past Eminent Plaza on Lavender Street recently, you might have overlooked it as just another old building
        PHOTO: FHAGE  -  802 words
      • CITY BUZZ BT writers' picks of what to see, do or talk about
        • Article, Illustration
          Lock icon THE ART OF WRITING
          260 26  -  By Helmi Yusof BOOKS Singapore Writers Festival Best-selling authors Naomi Wolf, Paul Theroux, Jonathan Lethem, Barry Lopez and Karen Joy Fowler lead the contingent of approximately 200 wordsmiths appearing at the 17th edition of the Singapore Writers Festival. From Friday till Nov 9, there are talks,
          260 words
        • Article, Illustration
          Lock icon CONCERT
          151 26  -  By Dylan Tan FireHouse It’s true rock and roll never dies (or even sleeps) as veteran American rockers FireHouse continues to tour and record since forming in North Carolina in 1989. Their string of hit ballads –Love of a Lifetime, When I Look Into Your Eyes, I Live My
          151 words
        • Article, Illustration
          Lock icon BOOKBINDING
          250 26  -  By Lisa Fratini Bynd Artisan BRINGING back the satisfaction of creating something from scratch is Bynd Artisan, the new boutique leather and paper branch of stationery moguls Grand Luxe. The brand plans to unshackle everyone’s inner artisan through hands-on workshops that teach the art of bookbinding. Winnie Chan, founder
          250 words
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          Lock icon PARTY
          161 26  -  By Tay Suan Chiang Freq’ender Halloween Festival Forget haunted houses. Spend this Halloween weekend at Freq’ender, the brand-new electronic music, au-dio-visual indoor festival. The two-day event is a worldwide collaboration between Limited Edition Concepts from Singapore, MAMA Company from the UK, and 10kl from Malaysia. Some 6,000 party-goers are
          161 words
        • Article
          Lock icon HEALTH
          140 26  -  By Dylan Tan Brain Tumour Awareness Day There are more than 120 types of primary brain tumours and in Singapore, about 40 children and about 100 adults are diagnosed with malignant brain tumours every year. To raise awareness about the disease, the Brain Tumour Society of Singapore will be
          140 words
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          Lock icon SHOPPING
          244 26  -  By Rachel Loi Zalora Never heard of “click-and-mor-tar”? You’re not alone. It’s an entirely new concept launched by online fashion retailer, Zalora, which carries its in-house label of the same name, as well as global brands like River Island, Mango, Aldo, Ray-Ban, and Burton Menswear. But their new concept
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    • WINE ARTS
      • Article, Illustration
        Lock icon Terroir and all its elements play a big part
        934 27  -  One must remember not to pay too much attention to vintages as the main pointer to the quality of the wine. BY NK YONG WINE wine.BY NK YONG I SUSPECT that some, perhaps many, started on Bordeaux as I did, by
        934 words
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        Lock icon When a child dies, a mother unravels
        492 27  -  THEATRE By Helmi Yusof helmi@sph.com.sg @HelmiBT THE disappearance of a child can plunge a parent into a spiral of chaotic and contradictory emotions. When 10-year-old Rhona vanishes on her way to her grandma’s home, her mother Nancy (Karen Tan) finds herself swimming in
        PHOTO: CRISPIAN CHAN  -  492 words
    • ARTS
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        Lock icon Where we are going
        655 28  -  Photographers from 21 countries share their global and intimate concerns. BY HELM I YUSOF PHOTOGRAPHY concerns.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT THE first image you see at this photo exhibition is that of two rhinoceroses resting side by side in a hot and arid landscape. he image
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        Lock icon Sculpting a new future for itself
        655 28  -  ART By Cheah Ui-Hoon uihoon@sph.com.sg FIFTEEN years on, Sculpture Square (SSQ) will cease to be anchored to a physical three-dimensional space at the site of the former Baba Methodist Church on Middle Road, as it moves into curating and commissioning. Theirs was much more
        655 words
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        Lock icon A cut above the rest
        664 28  -  By Lisa Fratini lfratini@sph.com.sg WHEN you’re good with your hands, why just use it for one task, right? Hence, after four decades of styling hair for celebrities and socialites, Japanese hairdresser Shunji Matsuo is getting ready to show off another side to his talents but
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        Lock icon A thing for pigeons for over 50 years
        559 28  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT PEOPLE say life’s too short, and we ought to stop once in a while to smell the roses. Or in artist Leo Hee Tong’s case, stop and feed the pigeons. While most of us just ignore the
        559 words
    • MUSIC CINEMA
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        Lock icon Plenty of firsts for rebooted film fest
        736 29  -  The new team behind the 25th Singapore International Film Festival pays it forward by focusing on first-timers and putting its biggest spotlight ever on local works. BY DYLAN TAN CINEMA works.BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THERE is a happy ending after all as
        736 words
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        Lock icon A devilishly absurd dark fantasy
        546 29  -  By Geoffrey Eu WHAT the devil was he thinking? Daniel Radcliffe has clearly made it his mission to play against type, embracing (Hog)warts-and-all roles in his post-Harry Potter career but he might need to reassess that strategy in the wake of Horns, a dark-fantasy flick
        546 words
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        Lock icon Donnie Yen scores with the right moves
        489 29  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT GENRE fans will get a kick from Kung Fu Jungle, an old school Hong Kong action thriller with all the right moves. It reunites director Teddy Chan with Donnie Yen, both of whom last worked together on the
        489 words
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        Lock icon Natural born diva
        360 29  -  CONCERT By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT BEFORE she even hit the stage, Mariah Carey lived up to her diva status in the week leading up to her The Elusive Chanteuse concert last Friday at the National Stadium when her management suddenly issued a no-re-views-and-photography policy. It was
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        Lock icon SGIFF’s must-watch films
        204 29 Unlucky Plaza Dec 4, 6.45pm, Shaw Lido 1 Sex. Violence.FamilyValues’ writ-er-director Ken Kwek makes his feature debut with Unlucky Plaza, a black comedy about a Filipino single father (played by comedian Epy Quizon) who makes the news in Singapore after he’s pushed to the edge. The Crossing
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  • BUSINESS EXCELLENCE 2014
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      Lock icon 20 YEARS OF SUPERIOR PERFORMANCE
      1448 1  -  The Business Excellence initiative has helped over 1,000 local organisations boost their performance against international benchmarks. BY FRANCIS KAN benchmarks.BY FRANCIS KAN O ORGANISATIONS that have adopted Spring Singapore’s Business Excellence (BE) framework have exhibited greater confidence and awareness on how to better manage their
      PHOTO: SIM; PHOTO: SPRING SINGAPORE; Source: Spring Singapore  -  1,448 words
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      Lock icon BUILDING A COMMUNITY
      1903 4 Passionate BE practitioners and assessors have built, shaped and transformed the BE initiative in Singapore over the past 20 years THE success of any initiative requires pioneers, catalysts and supporters. The Business Excellence (BE) initiative has been well supported by a community of passionate BE practitioners and
      1,903 words
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      Lock icon A FOUNDATION FOR SUCCESS
      1275 8  -  Greenpac founder Susan Chong recognised early on that it needed a strong organisational system in place in order to grow rapidly. BY FRANCIS KAN rapidly.BY FRANCIS KAN WHEN it comes to training her employees, Greenpac founder and CEO Susan Chong is not afraid to lead from
      1,275 words
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      Lock icon PLANNING FOR SUCCESS
      692 10  -  Nestle Jurong Factory’s pursuit of excellence has made it the Swiss group’s top manufacturing facility in Singapore and Malaysia.BY Malaysia.BY ERLIANA ZAID THE ability to plan effectively is key to the success of Nestle’s factory in Jurong, the Swiss company’s best performer among its eight manufacturing facilities
      692 words
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      Lock icon A CHANNEL FOR EXCELLENCE
      900 12  -  UOB Group Channels has leveraged on technology and people development to deliver a superior customer experience. BY FRANCIS BY FRANCIS KAN AS THE entity that oversees the customer touch points for the retail network of one of Singapore’s largest banks, UOB Group Channels has made it
      900 words
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      Lock icon NOT OFF THE CUFF
      732 14  -  OCBC is leveraging on technology to craft innovative products that are more effective in addressing the needs of its customers. BY FRANCIS KAN customers.BY FRANCIS KAN WHEN OCBC Bank realised that almost nine out of 10 of its customers start a relationship with them by opening
      732 words
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      Lock icon A LESSON IN CUSTOMER SERVICE
      866 15  -  AS (Independent) has successfully adapted the Business Excellence framework to serve the needs of its students.BY students.BY ERLIANA ZAID CUSTOMER focus may be a trait more associated with forprofit companies rather than educational institutions, but at Anglo-hinese School (Independent) or A S(I), providing excellent service
      866 words
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      Lock icon FIGHTING SPIRIT
      834 16  -  Innovation is the Defence Science and Technology Agency’s cornerstone to meet Singapore’s security needs. BY DENYSE YEO needs.BY DENYSE YEO WHEN the old National Stadium had to be demolished, a new place had to be found to host the annual National Day Parade. The solution? Build a new
      834 words
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      Lock icon FREEING UP LAND SPACE
      366 16 AMONG DSTA’s numerous projects that make creative use of land space are the Floating Platform, the MultiMission Range Complex (MMRC) and the Underground Ammunition Facility (UAF). BUILDING UP Developed together with the Singapore Armed Forces (SAF), the MMRC at Pasir Laba Camp is said to be
      366 words
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      Lock icon INNOVATING FOR SOCIAL AND ECONOMIC IMPACT
      835 17  -  The Business Excellence framework has helped A*Star seek continual improvements to its research and development efforts.BY efforts.BY DENYSE YEO AS Singapore’s key research and development arm, the Agency for Science, Technology and Research (A*Star) takes innovation very seriously. It is, after all, at the
      835 words
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      Lock icon SPURRING ON CREATIVITY
      187 17 AS AN organisation, A*Star has put in place numerous systems that aim to cultivate innovation in its staff. These include comprehensive induction and development programmes, staff engagement surveys as well as feedback channels. “This ensures that our people are progressively nurtured to act out our mission, which
      187 words
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      Lock icon BETTER BUSINESS PERFORMANCE WITH BE INITIATIVE
      862 18 Enhancing management practices and value systems can put firms on the path to industry-beating profit growth THE Business Excellence (BE) initiative is about enhancing management practices and value systems for superior results. Good management practices are key to better business performance. Organisations that are
      862 words
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      159 1 Inside Building a community 4&6 A foundation for success 8-9 Planning for success 10 A channel for excellence 12 A lesson in customer service 15 Fighting spirit 16 Innovating for social and economic impact 17 Better performance with BE initiatives 18 Not off the cuff 14 0 E- psaa -Hit
      159 words
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      383 2 OUR PEOPLE, OUR SERVICE EXCELLENCE OUR CUSTOMERS THE KEYS TO OUR SUCCESS Henderson Security is honoured to be conferred the SPRING Singapore Business Excellence SQC 2014. Since 2005, Henderson Security has been delivering a comprehensive array of reliable and integrated security solutions that include guarding, patrol car and integrated customer
      383 words
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      140 4 Doity Fatm Singapore Congratulates the SQA Governing Council and Management Committee on the 20 th Anniversary of Business Excellence t -iV-f J '■7- J «.v HYPER Giant Welcome 'C. S. 34 M fife' r—:: fe it S ECI^- 0 cnjCJ M r-v n BSP rL. f- a K2HI 2E 7
      140 words
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      202 6 ACHIEVING BUSINESS EXCELLENCE TOGETHER Uncompromising in our pursuit for business and service excellence, ACE Insurance Limited (ACE) is proud to be a recipient of the Singapore Quality Class STAR and Singapore Service Class certifications. ACE Group is one of the world’s largest multiline property and casualty insurers with operations in
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      649 7 7 n CELEBRATING 20 YEARS OF BUSINESS EXCELLENCE SPRING Singapore’s Business Excellence (BE) initiative helps organisations to strengthen their management systems and processes for high performance through adopting the BE framework. The framework is based on an internationally comparable and holistic model for managing an organisation for excellence. 2014 marks
      649 words
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      139 8 JEWELLERY S EM r *y*' ~r i, IB* i ■JU V? X? €hs SINGAPORE SERVICE CLASS Building excellent relationships with customers across generations. On Cheong Jewellery is proud to achieve Singapore Service Class (S-Class) for business excellence. /r\ 'fh m wx ■ssm Founded in 1936, On Cheong Jewellery is one
      139 words
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      91 9 EXCELLENCE IS IN THE DETAILS. WOVEN AS ONE WINNING MASTERPIECE. &JOCBC Bank A common thread runs through everything that we do at OCBC-your satisfaction. It inspires us to develop innovative products and services woven together with consumer insights and data analytics, to create winning experiences that consistently exceed expectations. As
      91 words
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      125 10 a ssmc Systems on Silicon Manufacturing Company Pte. Ltd. most sincerely congratulate SQA Governing Council and Management Committee on the 20th Anniversary of the Business Excellence initiative Our adoption of the Business Excellence framework has supported SSMC's transformation journey and brought us to greater heights in our quest for success
      125 words
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      211 10 urith ijew SINGAPORE SERVICE c L A S s l:. 02 D o Cj c A' w. >/ se «rr Certified by SPRING Singapore for its service excellence since 2012, SKP PTE LTD is proud to be awarded the Singapore Service Class (S-Class) certification for all-round business excellence. SKP PTE
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      228 12 JEST IS YET TO CORE PURPOSE To nurture ACSians to he catalysts for change with Godly values and robust character, equipped and willing to serve and lead in the family, nation and global community. l asm SSS I mm;; m Jm r A SINGAPORE QUALITY AWARD. f t'+'y'V. Founded in
      228 words
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      139 14 Asia Polyurethane Mfg Pte Ltd 29 Years of Continuous Innovation Propelling our customers’ growth through product innovation and providing value-added services Empowering our people to constantly seek new ways of doing things and think out of the box Q Driving efficiency of business processes with technology Asia Polyurethane Manufacturing (APU)
      139 words
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      198 15 SINGAPORE QUALITY GLASS 2014 marks a significant milestone for Amos International (S) Pte Ltd as we celebrate our 10th Anniversary and are re-certified as a Singapore Quality Class (SQC) organisation. We are fully equipped for charting the course to success! Since our inception in 2004, we have quickly anchored ourselves
      198 words
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      145 16 TREETOPS EXECUTIVE RESIDENCES SINGAPORE We are honoured to receive the Singapore Service Class Business Excellence commendation SINGAPORE SERVICE C LASS This achievement is a proud addition to our line-up of prestigious awards and accolades, which we have garnered through our continuous dedication to service and business excellence, as well as
      145 words
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      97 17 SINGAPORE QUALITY AWARD ludneM excellence 2014 WINNER Nestle Singapore (Pte) Ltd is proud to be the 1 st Food Manufacturer to be conferred the prestigious Singapore Quality Award A leading Nutrition, Health Wellness company, we enhance lives by offering tastier and healthier food and beverage choices for any time of
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