The Business Times, 10 November 2014

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Total Pages: 28
1 28 The Business Times
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  • Title Section
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    29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Monday, November 10
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,286.39 +12.14 KL COMP 1,824.19 -30.96 NIKKEI 225 16,880.38 +466.62 HANG SENG 23,550.24 -447.82 SHENZHEN B 956.27 -21.68 DOW 17,573.93 +183.41
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  • Article, Illustration
    Lock icon DAILY DIGEST
    235 1 Chief executive officers in the Asia-Pacific have expressed greater confidence for growth over the next 12 months, with the majority of them planning to back this by stepping up investments in the Apec region, according to a recent survey. TOP STORIES 4 The BNP Paribas wta Finals tournament
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  • Article, Illustration
    Lock icon Indonesia beckons, but caution still reigns
    1135 1  -  Mindful of past scuppered deals, Singapore businesses are watching if the new president’s reforms succeed By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore THE promise of new political leadership and a market too huge to ignore should make Indonesia a ready target for Singapore businesses
    Source: Department of Statistics, Signapore  -  1,135 words
  • Article
    Lock icon Renting beats buying a home? It depends
    853 1  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore NEW research says it may be cheaper to rent than to buy a home in Singapore, if residential property prices here continue their current moribund trend. But does this necessarily mean homebuyers here are better off switching
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      92 1 *****4 SAVEUR ART CHINA-S’PORE TIES Heading towards the next phase of bilateral cooperation TOP STORIES 4 RENTAL HEATMAP How private housing rents have moved TOP STORIES 2 French fare that’s a steal SGX POWER OUTAGE Board of inquiry set up COMPANIES MARKETS 12 DINING OUT 27 lT Sfet, PATEK PHILIPPE
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  • TOP STORIES
    • Article, Illustration
      Lock icon From 2Q13 to 2Q14
      157 2 How private housing rents have moved BT Infographics Shrinking housing budgets for expats and a supply glut of completed condo homes are key factors that have been weakening the rental market. BT compares how much rentals have fallen across various districts in Singapore within a one-year
      BT GRAPHICS: LEE MEIXIAN, HYRIE RAHMAT  -  157 words
    • Article
      Lock icon Supply glut, tightening expat demand depressing rents
      760 2  -  Yishun-Sembawang area the worst affected while Bishan-Ang Mo Kio bucks trend RENTAL HEADWINDS By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE private residential leasing market has grown steadily weaker from the previous year in most districts of Singapore, with unpopular suburban locations the hardest
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    • Article
      Lock icon Desperate search for yield keeps global bond prices high
      799 2  -  By Neil Behrmann btworld@sph.com.sg London THE global sovereign-bond bull market has embarrassed numerous market strategists, fund managers and other forecasters who were bearish at the beginning of the year. At the start of 2014, the vast majority of forecasters including BOA
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    • Article, Illustration
      Lock icon S’pore, China headed for next phase of cooperation
      616 4  -  Beijing satisfied with progress of bilateral ties with Singapore: President Xi APEC SUMMIT By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Beijing SINGAPORE and China are entering the next phase of bilateral cooperation as they look to celebrate 25 years of their bilateral ties next
      PHOTO: REUTERS  -  616 words
    • Article
      Lock icon TPP possible by early next year: PM Lee
      573 4  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Beijing WITH some “technical issues” still being ironed out, the proposed regional free-trade Trans-Pacific Partnership (TPP) may not be concluded by the end of this year. But early next year is still within reach, says Singapore Prime
      573 words
    • Article, Illustration
      Lock icon Asia-Pac CEOs more bullish about growth in next 12 months: survey
      694 4  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CHIEF executive officers (CEOs) in the Asia-Pacific region have expressed greater confidence for growth over the next 12 months, with the majority of them planning to back this up by stepping up investments
      Source: PwC 2014 APEC CEO Survey. www.pwc.com/apec  -  694 words
    • Article
      Lock icon Good augury for a week of summits
      795 4  -  There will be relief at Asean, G-20 meetings over prospects of improved Sino-Japan ties By Anthony Rowley btworld@sph.com.sg Tokyo WHETHER or not Japan’s Prime Minister Shinzo Abe and China’s President Xi Jinping hold a bilateral meeting during the Apec summit in Beijing, agreement
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    • Article
      Lock icon Racquet Club scores an ace with tennis fans
      641 5  -  At least 20% of this year’s clientele have already pre-booked their VIP tickets for 2015, says WSG By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore FOR many members of Corporate Singapore, the recent BNP Paribas Women’s Tennis Association (WTA) Finals tournament wasn’t only about
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    • Article
      Lock icon Rally poised to continue if retail sales hold up
      901 5  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, US stock indices finished near record highs, thanks to strength in the US economy and the European Central Bank’s promise of further stimulus. The rally should continue this week as long as
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      33 2 Shop ONLINE www.oaks.com.sg It's A ‘Discovery! Probably the best Clos du Marquis I have ever tasted Robert Parker (RP-91) Clos du Marquis 2000 SINGAPORE Knneshop Usual: S$179.00 NOW. S$1 32.00 OAKS H r
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      Lock icon Page 2 Advertisements Column 2
      17 2 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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  • Page 4 Advertisements
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      117 4 Wine, Dine Hospitality Highlights CURRY TRAILS CONRAD CENTENNIAL SINGAPORE Savour regional flavours of Thai, North or South Indian, Malay, Nyonya, Japanese, Vietnamese or Sri Lankan curries with a daily choice of noodles and rice Enjoy the complete Curry Trails selection with freshly made soup, salads, breads and desserts, coffee or
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      109 5 Confidence to grow That’s what agricultural producers can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Farmers and ranchers around the world partner with us to help them manage every kind of risk. Crop prices, weather fluctuations, interest rate
      109 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Samsonite going from strength to strength
      946 6  -  Group has confidently set a US$2b turnover target for Asia in the next five years.BY TTTOPLINE years.BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT Think luggage, and the Samsonite brand is among the first many would think of. Introduced in 1941, it has been central to the
      PHOTO: BLOOMBERG  -  946 words
    • Article, Illustration
      Lock icon Good governance can be a big sell for IPOs
      844 6  -  A firm can signal governance intent with board diversity and going beyond number of prescribed independent directors. BY DR WILSON CHEW T The writer is a member of the Governing Council of the Singapore Institute of Directors T For more articles,
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    • Article, Illustration
      Lock icon OSIM, Hyflux, OCBC dominate buybacks
      1695 8  -  TT INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Ltd UYING was flat and selling among directors remained low, according to Singapore Exchange filings in the first trading week of November. Buyers outnumbered sellers with 10 companies recording 21 purchases
      BT Graphic  -  1,695 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist WEEKLY Straits Times Index NOV 7,2014 3,286.39 +12.14 (+0.37%) Current streak 1 day Week high 3,290.96 Week low 3,281.57 52-week high 3,350.17 (July 25, 2014) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index NOV 7,2014 795.52 -0.01 (0.00%) Current streak 4 days Week high 819.80 Week
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    • Article, Illustration
      Lock icon Difficulties in gaining an advantage over others
      650 10  -  TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT MAKING money in the stock market is really all about trying to gain an early advantage or, to put it slightly differently, trying to figure out if a company’s financials or prospects are much better than
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    • Article
      Lock icon GAINERS
      79 10 BY CENTS CLOSE UP 52w high/low IS DJ USTech US$ ***** 883.1 7.3 *****/7582 SPDR DJIA US$ ***** 316.0 1.4 *****/***** SPDR S&P500 US$ ***** 295.2 1.1 *****/***** DBXT Vietnam US$ 2953 111.4 3.0 3100/2379 DBS Grp 1934 86.0 4.7 1942/1565 BY PERCENTAGE CLOSE UP 52w high/low CEFC Intl
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    • Article
      Lock icon LOSERS
      81 10 BY CENTS CLOSE DOWN 52w high/low DBXT AUDCS US$ ***** -626.7 -2.5 *****/***** DBXT iBoxxKR US$ ***** -477.8 -2.4 *****/***** DBXT iBoxxSvEu US$ ***** -453.2 -1.3 *****/***** GLD US$ ***** -439.0 -3.0 *****/***** DBXT AUDCS SG$ ***** -392.0 -1.6 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low NKY *****MBePW*****2 0.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Jason Marine 947.0 0.250 +0.050 +25.00 Brooke Asia 480.0 0.170 +0.020 +13.33 Koh Eco 53.0 0.050 -0.028 -35.90 STATS ChipPAC 46,635.0 0.475 -0.105 -18.10 Luxking 92.0 0.021 -0.002 -8.70 Oriental 570.0 0.100 +0.018 +21.95 PSL 25,350.333 0.150 -0.007 -4.46 Chemical Ind 120.0 0.520 +0.020 +4.00
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    • Article
      Lock icon STI STOCKS
      308 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 +2 229/222 250 206 6.3 5685.1 CapitaLand 315 -2 322/311 348 268 15.8 2.5 *****.7 CapitaMall Trust 194 -3 198/194 209 180 5.3 6728.5 CityDev 939 -6 956/939 1118 860 12.7
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    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME Charisma Energy 399,074,000 IHC 364,314,000 JES Intl 316,118,000 Sing eDev W*****0 277,351,000 Vallianz 212,679,000 Market volume 9,185,059,000 VALUE DBS Grp 402,410,225 SingTel 265,767,015 UOB 252,941,060 OCBC Bank 220,737,774 Global Logistic 178,737,965 Market value 5,066,855,000
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    • Article
      Lock icon SGX ETFs
      111 10 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 333 +2 555 334/331 343/298 333/334 IS MS India US$ US768 -3 440 778/760 779/541 766/769 96 Nikko AM STI ETF 337 +1 364 339/336 345/300 338/339 8.1 UETF SSE50China 163 unch 337 163/155
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    • Article
      Lock icon COMPANY MEETINGS
      82 10 COMPANY MEETING PLACE DATE TIME MFS Technology E 801 Lorong 7 Toa Payoh #02-01 Wearnes Building 11-Nov 10.00am Frasers Centrepoint E (Level 2) Alexandra Point 438 Alexandra Road 12-Nov 2.00pm Lmirt Mgt E Raffles City Conv Ctr Canning Ballroom (Level 4) 80 Bras Basah Road 12-Nov 10.30am Scintronix
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Nov 7 VALUE CLOSE BT OB/OS 57.00 -52.00 BT CADI -*****.00 -49.00 BT 10-day MA -*****.00 +6.00 FTSE ST Mid Cap 746.98 -0.27 FTSE ST Small Cap 519.90 -1.09 FTSE ST All Share 792.94 -1.01 FTSE ST China Top 190.56 +1.18 FTSE ST China 225.21 +0.73 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index NOV 7,2014 792.94 +1.30 (+0.16%) Current streak 2 days Week high 794.98 Week low 792.94 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 10 STI MSCI EAFE WEEKLY MSCI EAFE index NOV 7,2014 1,798.65 -19.70 (-1.08%) Current streak 2 days Week high 1,811.71 Week low 1,795.74 52-week high 1,993.20 (July 4, 2014) 52-week low 1,737.51 (OCt 17, 2014)
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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 4 7 5 0 0 0 4 7 5 Manufacturing 59 74 30 16 14 13 75 88 43 Commerce 30 27 16 9 5 3 39 32 19 Tpt/Stor/Comms 20 19 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 123,324 123,324 382,495 382,495 Manufacturing 1,417,326 408,920 1,826,246 567,807 25,767 593,574 Commerce 600,249 507,855 1,108,104 467,055 29,074 496,129 Tpt/Stor/Comms 512,123 26,861 538,984 671,025 7,429 678,454 Finance 120,383 1,394 121,777 947,043 296 947,339 Construction 282,332 461,703
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    • Article
      Lock icon Gold extends slump in turbulent week
      724 10 TT COMMODITIES AFP London GOLD prices hit a four-year low last week, hit by persistent dollar strength, while crude oil plumbed multi-year troughs on fears over Saudi price cuts and plentiful supplies. A rebounding greenback makes dollar-priced commodities more expensive for buyers using weaker
      AFP  -  724 words
    • Article
      Lock icon Dollar up 3rd week running, yen hits 7-year low
      401 11 TT CURRENCIES BLOOMBERG New York THE dollar rose for a third straight week after the European Central Bank (ECB) joined the Bank of Japan (BOJ) in firming its commitment to monetary stimulus even as the Federal Reserve prepares to move towards
      BLOOMBERG  -  401 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 11 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 NOV 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.982 5.254 0.693 6.656 52.813 104.424 0.989 9.374 2.872 1.116 87.683 38.667 1.112 9.688 0.834 26.292 28.219 0.542 0.859 Canada 1.018 5.350
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 NOV 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1114 1.1121 0.8583 0.8587 Canadian dollar 1.1318 1.1326 0.8745 0.8740 Euro 1.6044 1.6050 1.2390 1.2393 NZ dollar 0.9958 0.9966 0.7690 0.7695 Sterling pound 2.0513 2.0521 1.5841 1.5845
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 NOV 7 S$ Bid Offer 1-month 1.2950 1.2954 2-months 1.2950 1.2954 3-months 1.2951 1.2955 6-months 1.2950 1.2955 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        2 11 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 11 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 11 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        362 11 NOV 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.04 *****.20 *****.08 Dec14 *****.00 *****.00 *****.00 *****.00 *****2 *****2 Mar15 *****.00 *****.00 *****.00 *****.00 55 2982 MSCI TAIWAN INDEX FUTURES SPOT 329.62 331.40 329.08 Nov14 330.80 332.20 328.80 332.10 ***** *****4 Dec14 330.40
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        216 11 Most active Nov 07 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Singapore Edevelopment Ltd 0.1 unch*****1 1 0 25 Compact Metal Indus W*****0 2.7 0.1 ***** 1 2 24 Rowsley Ltd W*****3 4.1 0.3 ***** 1 18
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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 Nov 7 Index Change Change Change Change Change Change World Preliminary 1259.0 0.0 6.3 -0.1 5.2 0.0 2.8 EAFE Preliminary 971.3 -0.1 1.6 -0.4 -3.9 -0.3 -6.1 Europe Preliminary 1356.4 -0.4 0.1
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Nov 7 $S Offer Bid 0vernight 0.08 0.03 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.20 US$ 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 SIBOR
        36 11 NOV 7 (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 GOVERNMENT SECURITIES
        65 11 Nov 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.84 5-Year N*****0H 1.625 01-Oct-19 100.59 100.65 100.60 10-Year NY*****H 3.000 01-Sep-24 105.92 105.95 105.80 15-Year NY*****E 2.875 01-Jul-29 102.13 102.15 102.15 20-Year NZ*****V 3.375 01-Sep-33 107.84 107.80 107.80
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 11 NOV-7 Price Net change change Last Trade Agricultural Nov-7 CBOT Soybeans (US cents/bu) 1040.25 9.25 0.90% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.40 -0.13 -0.40% 12/12/2014 CBOT Wheat (US cents/bu) 514.50 -5.75 -1.11% 12/12/2014 Nov-7 LIFFE Cocoa (£/tonne) 1927.00 12.00 0.63% 12/12/2014 LIFFE Coffee (US$/tonne) 2018.00 12.00 0.60%
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      • Article
        Lock icon PALM OIL
        57 11 NOV 7 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2210.0 2192.0 2215.0 2190.0 205 1226 Dec 14 2248.0 2201.0 2255.0 2198.0 2382 ***** Jan 15 2244.0 2196.0 2252.0 2193.0 ***** ***** Feb 15 2248.0 2206.0
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    • Article, Illustration
      Lock icon Board of inquiry to investigate SGX power outage
      510 12  -  Four Singapore Exchange board directors will form the committee, with Quah Wee Ghee as chairman By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE Exchange (SGX) has set up a board of inquiry to investigate the cause of the power outage that disrupted trading
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    • Article
      Lock icon PRIME LENDING RATES
      270 12 NOV 7 BANKS Agricultural Bank Of China Agricultural Bank Of China 5.50 Bangkok Bank Public Co. Ltd 6.00 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited 5.50 Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque Internationale a Bank of
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1507 12 Payment Ex Rec Pay Ann (cts) date date date date 800 Super ak 1.000 03-Nov 05-Nov 14-Nov 27-Oct Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMS Property ag 0.109 26-Sep 30-Sep 19-Dec 23-Sep AIMSAMP Cap Reit (1 Jul-30 Sep 2014) ct 2.770 05-Nov 07-Nov 23-Dec 30-Oct
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      Lock icon BROKERS’ RECOMMENDATIONS
      1550 12 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 3 10.30 14.18 1.56 1.46 ARA Asset Management Ltd 2.00 1.75 4 9.78 17.49 1.99 1.71 Ascendas Hospitality Trust Mgt
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    • Article, Illustration
      Lock icon Keppel tour for Prince of Monaco
      96 12 PRINCE Albert II of Monaco (centre, wearing dark glasses) being briefed while on a walking tour onboard the FPSO that Keppel Shipyard is converting for SBM Offshore. Others in the photo (from left in the front row) are Mr Chow Yew Yuen, CEO of
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  • Page 8 Advertisements
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      68 8 GET A BOOST FROM 5 7 NOV 2014 Purchase a copy of THE BUSINESS TIMES and get a $5 Spinelli voucher* Available at: Adpost Paragon Paragon #B1-19 20 Orchard Road Raffles Courtyard Raffles Place Courtyard, outside Raffles MRT EXIT A Tanjong Pagar MRT (exit A) Facing Peck Seah Street Tanjong
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      Lock icon Page 8 Advertisements Column 2
      409 8 rj r Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST *Early bird price ends 10 Nov 2014 With the likely increase in interest rates, what types of property investment can you consider to maximise your gains? Should you explore overseas properties such as in
      409 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Lake Life EC in Jurong nearly sold out
      313 13  -  534 out of 546 units snapped up on opening weekend By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE 546-unit Lake Life, the first executive-condominium (EC) project in Jurong in 17 years, opened for bookings last Saturday and is already close to being completely
      PHOTO: EVIA REAL ESTATE  -  313 words
    • Article
      Lock icon Lehman to sell Nylo New York hotel
      455 13 BLOOMBERG New York LEHMAN Brothers Holdings Inc has put its Nylo New York City hotel up for sale, as the investment bank continues to unwind real estate holdings six years after filing for bankruptcy. The defunct investment bank is seeking buyers after investing
      BLOOMBERG  -  455 words
    • Article, Illustration
      Lock icon Reducing workplace risks with new safety framework
      382 13  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government will launch a public consultation exercise this week to gather views and feedback on a new mandatory framework that will incorporate the safety of construction workers in building plans. This mandatory Design for Safety (DfS)
      PHOTO: CDL  -  382 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      35 13 Credit Suisse How did Tony’s dream take off? How to turn a single dollar into Asia’s largest low cost carrier. Tony Fernandes and Credit Suisse’s Helman Sitohang explain how it’s done at credit-suisse.com/airasia JJ HitikJi
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  • Page 14 Advertisements
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      1355 14 ADVERTORIAL Building the fundamentals of a region Issues faced by the ASEAN countries are by no means uniform, as infrastructure development varies widely across the region SOUTHEAST Asia is growing rapidly. Over the last decade, the combined GDP of the ASEAN countries has increased at a rate unmatched by most
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon A YEN FOR REJUVENATION
      2149 16 THIS WEEK’S TOPIC How will the Bank of Japan’s latest monetary easing affect economic sentiment and business decisions globally? Leon Perera Chief Executive Officer Spire Research Consulting Group THE Bank of Japan’s latest move will be positive for the Japanese economy and slightly positive to neutral
      PHOTOS: BLOOMBERG  -  2,149 words
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  • Page 17 Advertisements
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      70 17 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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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon More to dividends than meets the eye
      2711 18  -  Investors have to pay attention to the payout ratio and associate/joint-venture contributions when assessing stocks TT MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT A FEW years ago, I was casually looking through the financial statements of SIA Engineering. What impressed me then, from
      FILE PHOTO  -  2,711 words
  • Page 18 Advertisements
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      105 18 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Grisly HK murders spark Western banker backlash
      777 19 Accusations against Briton Jutting trigger criticism of privileged foreign workers in city’s finance industry AFP Hong Kong THE murder of two young Indonesian women in Hong Kong allegedly by a British expatriate has sparked a backlash against wealthy Western bankers accused of treating
      AFP; PHOTO: AFP  -  777 words
    • Article
      Lock icon Commerzbank’s Q3 profit beats expectations
      341 19 Earnings up in retail, corporate banking units; costs for bad loans fall REUTERS Frankfurt COMMERZBANK’S third-quarter net profit tripled to 225 million euros (S$361 million) as earnings in its retail and corporate banking units rose and costs for bad loans fell, in a sign that
      REUTERS  -  341 words
    • Article
      Lock icon Gold reserves plan a disaster: Swiss banking chief
      430 19 REUTERS Zurich A VOTE in favour of Switzerland boosting its gold reserves would be disastrous for the country, the chairman of the Swiss central bank said in a newspaper interview published on Thursday. The “Save our Swiss gold” proposal, spearheaded by the
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      Lock icon Ireland pressured into bailout, letters show
      694 19 NYT London NEWLY released documents suggest that Ireland was pressured into a controversial 67.5 billion euro (S$108.3 billion) bailout that left taxpayers rescuing crippled banks, reigniting a fierce debate about the international aid that Dublin accepted after the financial crash. An exchange of letters,
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      604 19 Keppel Telecommunications Transportation Ltd Company Registration No. *****0115G (Incorporated in the Republic of Singapore) Notice Of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Keppel Telecommunications Transportation Ltd (“Keppel T&T” or the “Company”) will be held at Raffles City Convention Centre, Atrium Ballroom (Level 4),
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  • ENERGY & COMMODITIES
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      Lock icon Surprise rally catches Asian feed millers short
      696 20 Corn and soymeal prices unlikely to drop back near lows seen in early October, say analysts and traders REUTERS Singapore ASIAN feed millers have missed the boat on multi-year-low corn and soymeal prices after a surprise rally in the futures market over the
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      Lock icon US, EU and Iran in last-minute push for N-deal
      392 20 BLOOMBERG Washington THE United States, the European Union (EU) and Iran began meetings in Oman in a last-minute push to reach an agreement over Iran’s nuclear programme ahead of a Nov 24 deadline for a comprehensive deal. US Secretary of State
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      Lock icon London okays 750 MW Dong Energy offshore wind project
      343 20 BLOOMBERG London THE UK has approved construction of one of the biggest offshore wind farms as the country chases a European Union target to get 15 per cent of all energy from renewables by 2020. The consent allows Dong Energy A/S
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      Lock icon OMV likely to miss 2016 oil output target
      329 20 REUTERS Vienna AUSTRIAN oil and gas group OMV has said that it may not hit its target of producing 400,000 barrels of oil equivalent per day (boe/d) by 2016 if it put the brakes on its investment programme. “In order to reflect
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      Lock icon Japan Coast Guard grappling with poachers
      462 20 More than 200 fishing boats said to be removing ornamental corals WP Tokyo THE Japan Coast Guard (JCG) is grappling with the challenge of how to respond to more than 200 fishing boats, thought to be Chinese, that have been poaching ornamental corals in
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      429 20 The Business Times NOTICES Toll free 1800-289-8822 Email noticestSsph.com.sg www.sphdass.com.sg/notices FILED Superior Court of California County of Orange, Lamoreaux Justice Center October 3, 2014 Alan Carlson, Clerk of the Court by C. Prieto, Deputy SUPERIOR COURT OF THE STATE OF CALIFORNIA FOR THE COUNTY OF ORANGELAMOREAUX JUSTICE CENTER In the
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      590 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NAVITAS SYSTEMS PTE. LTD. (In Members’ Voluntary Liquidation) (Company Registration No. *****7141W) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of NAVITAS SYSTEMS PTE. LTD., which is being voluntarily wound up, are required on
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      508 20 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GE INTERNATIONAL HOLDINGS (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****4328E NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed Company will be
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  • TECHNOLOGY
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      Lock icon LinkedIn sued over lost job opportunities
      966 21 Plaintiffs say networking site’s provision of job reference material for potential employers without ensuring its accuracy is a violation of the Fair Credit Reporting Act NYT New York LINKEDIN is the industry leader in helping people make work connections. Log on, and this professional
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      Lock icon Customisation adds new dimension to 3D printing
      815 21 AFP New York MANY manufacturers are at an early stage of discovering the benefits of 3D printing, but one of the clearest strengths is customisation. At Normal, consumers can use a mobile app to photograph their ear, transmit the shots to the New
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      Lock icon French Revolution Assassin’s Creed out Tues
      331 21 AFP San Francisco A NEW instalment of blockbuster video game Assassin’s Creed will make its worldwide debut on Tuesday, allowing players to wield deadly skills on the streets of Paris during the French Revolution. Assassin’s Creed: Unity is the latest instalment of the annual,
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      440 21 TOSHIBA Toshiba recommends Windows. Leading Innovation »> Best of Breed, Enterprise Class Notebook PCs Toshiba means Business PORTEGE Z30/Z30I Ultrabook'' Lightest in its class, with Toshiba EasyGuard™ and complete connectivity ports 1 portege ziot Ultrabook' Detachable Ultrabook™ with Digitizer pen and complete connectivity ports 1 you can now experience true
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  • CONSUMER
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      Lock icon Genetically engineered potato gets USDA approval
      611 22 Potato was developed by JR Simplot, a major supplier of frozen french fries to McDonald’s NYT New York A POTATO genetically engineered to eliminate a potentially harmful ingredient that emerges in the high heat required for french fries and potato chips has been approved
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      Lock icon PepsiCo refreshes leadership pool
      416 22 BLOOMBERG Atlanta PEPSICO Inc recently elevated three executives into bigger roles, marking the next wave of leadership at a company that has lost talent at the very top. Oswald Barckhahn, president of nutrition in North America; Laxman Narasimhan, CEO of foods in Latin America; and Mike
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      Lock icon Berkshire Q3 profit down 8.6% on Tesco fall
      238 22 BLOOMBERG New York WARREN Buffett’s Berkshire Hathaway Inc said that third-quarter profit slipped 8.6 per cent on investment results, including an impairment on a holding of UK retailer Tesco plc. Net income fell to US$4.62 billion, or US$2,811 a share, from US$5.05
      BLOOMBERG  -  238 words
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      43 22 Listen to a song? aigy Get the hottest news! Scan the QR code now to view the latest videos on zaobao.sg o m V r °atch ZB Keywords, a daily 3-minute video news series. You’ll enjoy the light-hearted NNongWoo"* 008 LIANHE ZAOBAO zaobao.sg
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  • TRANSPORT
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      Lock icon Self-driving car a breakthrough for handicapped
      1075 23 But US state laws require cars to have manual system for back-up driver in case of emergency NYT New York THE self-driving car, embraced as a stress-reducing convenience for harried drivers and a potential advance in road safety, could also prove to be a
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      Lock icon Oil-rich Norway’s low-cost carrier sets its sights high
      791 23 The airline pushes rival SAS to the brink as it spreads its wings across Nordic region AFP Oslo “NORWAY” and “cheap” are two words that rarely go together, yet this oilrich Scandinavian country is where Europe’s third-largest budget airline first spread its
      AFP; PHOTO: BLOOMBERG  -  791 words
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      Lock icon FAA approves small Georgia airport opposed by Delta
      636 23 REUTERS New York A DECISION by the US aviation regulator has moved forward plans by a small Georgia airport to begin commercial service, despite strong opposition by Delta Air Lines and the city of Atlanta, the local county authority said on Friday.
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    • Article
      Lock icon Change in Brazil subsidy plan to hit Embraer sales
      295 23 BLOOMBERG Sao Paulo AZUL, the only Brazilian airline flying Embraer jets, will cancel a 30-aircraft order if lawmakers approve the latest plan to subsidise flights to small cities, airline president Antonoaldo Neves has said. “If you want to serve regional cities,
      BLOOMBERG  -  295 words
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  • Article
    Lock icon Shipping times
    1714 24 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 SEIYO SPRING 1 60 12/11 14/11 17/11 19/11 EMERALD CORAL 84 60 25/11 27/11 30/11 MALAYSIA
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      299 24 C a ila n E n n o r e J e d d a h B r is b a Shanghai■ Chittagong n e Ho Chi Minh H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE TO Persian Gulf,
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  • GOVERNMENT & ECONOMY
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      Lock icon HK farmers protest against tycoon land grab
      667 25 Villagers in outlying New Territories say that proposed housing projects there will only enrich real estate giants AFP Hong Kong HONG Kong farming villages bordering mainland China are locked in a bitter struggle against property developers accused of “land hoarding”, as resentment of
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      Lock icon N Korea’s release of Americans shows Kim feeling pressure: analysts
      886 25 BLOOMBERG Seoul NORTH Korea’s release of two detained Americans signals Kim Jong Un is responding to pressure from international sanctions over its weapons programme and a probe of human rights violations, analysts said. “The recent movement shows a change in
      BLOOMBERG; PHOTO: REUTERS  -  886 words
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      Lock icon Indian PM expands Cabinet to speed up economic reforms
      614 25 AFP New Delhi INDIAN Prime Minister Narendra Modi expanded his government on Sunday, appointing 21 new ministers in an attempt to speed up promised economic reforms after storming to power some five months ago. Four of them were sworn into the
      AFP  -  614 words
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      Lock icon Sweden’s dilemma: massive household debt amid zero interest rates
      941 26 Preventing a steep fall in property prices and consumer confidence seen as a tough task for govt and regulators REUTERS Stockholm SWEDEN’S new centre-left government and its financial authorities are under huge pressure when they meet on Tuesday to tackle a
      REUTERS; PHOTO: REUTERS  -  941 words
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      Lock icon Kerry meets China’s biggest investors in US
      420 26 BLOOMBERG Beijing AFTER discussing Ukraine with Russia’s foreign minister in Beijing and flying to a meeting on Iran’s nuclear programme, US Secretary of State John Kerry took time to meet some of China’s biggest investors in the US. Among the executives at the
      BLOOMBERG  -  420 words
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      Lock icon Obama’s Asia tour aims to bolster ties with region
      397 26 AFP Washington US president Barack Obama will fly to Asia after midnight on Sunday for an eight-day tour of China, Myanmar and Australia, a trip that will focus on Washington’s often tense relations with China. The China stop will be dominated
      AFP  -  397 words
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      69 25 POWER BREAKFAST POWER LUNCH -V Purchase a copy of THE BUSINESS TIMES at 7-Eleven Shell and get a $5 Spinelli voucher* THE BUSINESS TIMES h-iC U-, FIVE DOLLARS GIFT VOUCHER V' Share traders calling it a day as ggss market volume dries up M 1 i a 9 ELEVEI1 Grab
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      83 26 NOW YOU CAN STOP WORRYING AB‘ BUEfl IARGES ft ERR ERR a I? Find properties near MRT stations on www.ST .sg/mrt EDITORS? PUBLISHER nn-t* m eppy xk Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 BEST CLASSIFIED WEBSITE with over 1 million unique monthly visitors SILVER WINNER
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      3 26 D facebook.com/kiss92fm www.kiss92.sg
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  • DINING OUT
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      Lock icon French cuisine that’s a steal
      1164 27  -  Saveur Art debunks the notion that French food can’t be both cheap and good. Try its $52 set dinner menu. BY JAIME EE BY JAIME EE NEW RESTAURANT Saveur Art #04-11 Ion Orchard 2 Orchard Turn Tel: 6634-1141 Open daily from 12pm to 9.30pm FOR
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      78 27 ASIA'S LARGEST Educational Kids’ Fair! Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE* TARGET!* CROW*! Join us at SmartKiPs Asia 2015! -yi HP n Call us to enquire how we can help
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      181 27 Over 8 content-packed hours, you will discover: How to make your money work smarter and harder without looking at charts and news, and without the need to trade Pauline Teo Learn the methods to generate 20%-25% returns per annum from your investments with proven results Pick up tips on how
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  • LIFE & CULTURE
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      Lock icon TAKING HEART
      343 28  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Donate your old textbooks IF your pre-loved textbooks are collecting dust in a corner, consider donating them to less fortunate students via NTUC FairPrice’s Share-A-Textbook Project. This year, FairPrice aims to collect 400,000 school textbooks that are still in good condition an increase
      343 words
    • Article
      Lock icon Formula One’s rich-poor divide
      1116 28 Current crisis at F1 is caused by individual contracts by which too much money is distributed too poorly NYT New York THE withdrawal of two cash-poor Formula One teams, Caterham and Marussia, reduced the starting grid to 18 cars in last weekend’s US Grand Prix in
      NYT  -  1,116 words
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      Lock icon Japan’s old-style coffee shops unfazed by Starbucks’ success
      792 28 AFP Tokyo ABOVE the converging crowds at the famous Shibuya scramble crossing in Tokyo glows the unmissable bright green sign of Starbucks, a magnet that pulls in a steady stream of hip, young Japanese. The American coffee company is so popular in
      AFP; PHOTO: AFP  -  792 words
    • Article
      Lock icon Hermes scarf designs now grace new watch models
      469 28 NYT London PRINCESS Grace of Monaco, Audrey Hepburn and Queen Elizabeth II are known for their very different senses of style, but one fashion accessory unites them: the Hermes scarf. Designs for the Hermes carre scarf drawn from the company’s classic origins
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  • Page 28 Miscellaneous
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      Lock icon Page 28 Miscellaneous Column 1
      313 28 CRYPTIC CROSSWORD Across 1 Determined to get result of hunt put in pot (7) 5 income from flat in Parisian street (7) 9 Get ecstatic with Northern bird (5) 10 An off-break (4,5) 11 Convincing vice-consul is complicated (10) 12 Name has to be changed? So be it (4) 14
      313 words