The Business Times, 12 November 2014

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Microfilm: NL33295
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    30 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 Wedn sday, November 12
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  • Article, Illustration
    Lock icon DAILY DIGEST
    251 1 Asean must double its productivity growth to make the most of globalisation, urbanisation and digital technology to lift its growth to a new level, said a study by the McKinsey Global Institute issued on the eve of the meeting of the leaders of the economic grouping in Naypyitaw,
    251 words
  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 3,292.15 (-8.85) KL COMP 1,825.11 (-2.82) NIKKEI 225 17,124.11 (+343.58) HANG SENG 23,808.28 (+63.58) SHENZHEN B 962.54 (-11.16) DOW(11am EST) 17,624.89 (+11.15)
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  • Article
    Lock icon OW Bunker case may reverberate through Singapore’s bunkering industry
    920 1  -  But MPA downplays fallout in Singapore, saying OW Bunker Far East accounted for under 3% of S’pore bunker supplied in 2013 BY Malminderjit singh msingh@sph.com.sg @Ma|minderiitBT Singapore THE OW Bunker fraud case that hit Singapore’s bunkering industry last week may not
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  • Article, Illustration
    Lock icon Proposed FTAAP among key outcomes of meeting: PM Lee
    750 1  -  APEC SUMMIT By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Beijing THIS year’s Apec Summit in Beijing has delivered major outcomes, in particular a road map towards a trade liberalisation framework called the Free Trade Area of the Asia Pacific (FTAAP) and a connectivity
    PHOTO: LIANHE ZAOBAO  -  750 words
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      416 1 *****4 APEC SUMMIT Roadmap to set up Asia-Pacific free trade zone to be launched top stories 4 GO EAST Asia borrowers win as banks compete EXECUTIVE MONEY 30 E50 20th ANNIVERSARY Celebrating 20 years of visionary leadership and entrepreneurial success SPECIAL FOCUS 15-18 CORPORATE RESULTS Genting S’pore runs out of
      416 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon McKinsey identifies 3 catalysts for further growth of Asean
      646 2  -  Asean must ride on the waves of globalisation, urbanisation and digital technology to lift growth ASEAN SUMMIT By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Naypyitaw, Myanmar ASEAN must double its productivity growth to make the most of globalisation, urbanisation and digital technology
      Source: McKinsey Global Institute  -  646 words
    • Article
      Lock icon Asean back on investors’ radar; draws US$122b FDI in 2013
      515 2  -  inflows led by MNCs expanding in the region By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Naypyitaw, Myanmar FOREIGN direct investments (FDI) flowing into Asean rose to more than US$122 billion (S$ 158 billion) last year, on a par with the flow
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    • Article
      Lock icon Abe may opt for snap poll ahead of key decision
      858 3  -  Prospect of surprise move comes as PM weighs likelihood of delaying second hike in Japan’s national sales tax BY Anthony Rowley btwor|d@sph.com.sg Tokyo PRIME Minister Shinzo Abe could dissolve the Lower House of Japan’s Parliament within about a week from
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    • Article, Illustration
      Lock icon Credit Suisse private banking APAC posts record performance
      718 3  -  Focus on ultra high net worth individuals, more RMs, higher productivity drive growth By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore MOMENTUM is accelerating for Credit Suisse’s Asia Pacific private banking business, with all its main markets posting record performances. Net new assets
      SPH FILE PHOTO  -  718 words
    • Article
      Lock icon It’ll take time for Shanghai to become financial hub
      426 4  -  City’s legal system remains key bugbear compared with HK which has the rule of law in place: PM Lee APEC SUMMIT By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Beijing SHANGHAI is primed to become a financial hub given the scale of China's economy
      426 words
    • Article, Illustration
      Lock icon Roadmap to set up Asia-Pac free trade zone to be launched
      827 4  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINESE President Xi Jinping, in closing this year’s Asia-Pacific Economic Cooperation (Apec) summit as its chairman on Tuesday, announced an agreement to launch a roadmap for the setting up of a Free Trade Area
      PHOTO: AFP  -  827 words
    • Article
      Lock icon Beware environmental damage from projects funded by regional lenders, ADB warns
      514 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Independent Evaluation Unit of the Asian Development Bank (ADB) has sounded an alarm over what it foresees as a danger of environmental and other damage resulting from major infrastructural projects in Asia. These
      514 words
    • Article
      Lock icon Temasek, RRJ Capital revisit US LNG play with US$1b deal
      300 4  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore TEMASEK Holdings and private equity firm RRJ Capital are buying US$1 billion of convertible notes issued by US liquefied natural gas (LNG) company Cheniere Energy. Proceeds of the notes will be used to help
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  • Page 4 Advertisements
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  • COMPANIES & MARKETS
    • Article
      Lock icon Wilmar’s Q3 profit up 1.5% at US$422.4m
      416 5  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore DESPITE a dip in revenue, third quarter net profit for Wilmar International rose 1.5 per cent to US$422.4 million, boosted by other operating income and results from associates. This translated to earnings per share of 6.6 US
      416 words
    • Article
      Lock icon CNMC Q3 net profit doubles to US$3.38m
      371 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CATALIST-listed CNMC Goldmine Holdings doubled net profit to US$3.38 million for the third quarter ended Sept 30, up from US$1.67 million, as revenue recorded dou-ble-digit growth. Revenue was up 59.2 per cent to US$10.05 million due to
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    • Article
      Lock icon Absence of fair-value gains drags Blumont into the red for Q3
      605 5  -  Full-year deficit expected as Q3 registers a S$13.48m loss, against a S$33.73m profit a year ago By Angela Tan angelat@sph.com.sg Singapore BLUMONT Group has sunk into the red for the third quarter ended Sept 30, 2014, given the absence
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    • Article
      Lock icon Genting Singapore runs out of luck with Q3 profit halved
      783 6  -  Net profit plunges to S$97.39m as game revenue falls and win rate is lower; concerns of more headwinds ahead By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore GAMING titan Genting Singapore splayed its chips on the table on Tuesday and revealed markedly
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    • Article
      Lock icon Boustead Q2 earnings up 94% at S$17.5m
      374 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TECHNOLOGY and engineering group Boustead Singapore reported a net profit of S$17.5 million for its second quarter ended Sept 30, up 94 per cent from S$9 million a year ago. Revenue increased by 14 per cent from
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    • Article
      Lock icon Metro Q2 profit doubles with one-off boost
      383 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore ONE-OFF gains from a recently recognised associate bumped Metro Holdings from an operating loss into a doubling of net profit in the second fiscal quarter. Metro said net earnings for the three months ended Sept 30 surged
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    • Article
      Lock icon United Envirotech Q2 profit soars to S$18m, revenue doubles to S$105.4m
      344 6  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore MAINBOARD-LISTED United Envirotech on Tuesday posted a 144.9 per cent increase in its Q2 net profit to S$ 18 million on the back of a 102.8 per cent increase in revenue to S$
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    • Article
      Lock icon Petra Foods’ Q3 profit down 29.1%
      460 6  -  By Joyce hooi joyceh@sph.com.sg @JoyceHooiBT Singapore PETRA Foods posted a 29.1 per cent fall in net profit to US$ 10.5 million for the third quarter ended Sept 30, 2014. This lower bottom line came on the back of revenue that was 6.5 per cent
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    • Article
      Lock icon Nam Cheong’s Q3 profit doubles to RM126.29m
      413 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore OFFSHORE marine group Nam Cheong’s net profit more than doubled to RM126.29 million (S$48.68 million), up from RM58.69 million previously, for the third quarter ended Sept 30, on the back of higher revenue. Revenue surged 81 per
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    • Article
      Lock icon Vard suffers Q3 net loss of 37m kroner despite 18.5% rise in revenue
      539 6  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore VARD Holdings sank into the red with a net loss of 37 million Norwegian kroner (S$7.01 million) for the third quarter ended Sept 30 compared with a profit of 76 million
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    • Article
      Lock icon Fortune Reit’s Q3 DPU up 24.4%
      314 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE recent “occupy activities”, a distinct slackening in tourist spending, and the slowdown in domestic demand have emerged as new sources of uncertainty affecting the overall economic outlook and retail scene, Fortune Reit said in its financial statement
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    • Article
      Lock icon Fitch expects pressure on SingTel’s rating
      256 7 Singapore SINGAPORE Telecommunications’ A+/stable rating could come under pressure as leverage is likely to deteriorate, a Fitch Ratings report said. However, credit metrics for StarHub and M1 are expected to remain stable, underpinned by improving profitability, declining capex and manageable dividend payouts. Fitch expects
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    • Article
      Lock icon PICTET
      270 7 Pictet-Absl Rtn Fxd Inc-HP EUR 06/11/2014 EUR 104,15 Pictet-Absl Rtn Glo Div-P EUR 06/11/2014 EUR 116,83 Pictet-Asian Equities Ex Japan-P USD 07/11/2014 USD 195,84 Pictet-Asian Local Currency Debt-P USD 07/11/2014 USD 148,48 Pictet-Biotech-P USD 06/11/2014 USD 659,30 Pictet-Clean Energy-P USD 06/11/2014 USD 84,26 Pictet-Digital Communication-P USD 06/11/2014 USD 212,21
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    • Article
      Lock icon UOL sharpening recurring income play
      676 7  -  Q3 earnings up 10%; plan to launch Upper Paya Lebar condo project in Q1 next year; residential land acquisitions will still be selective By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore UOL Group, which has posted a 10 per cent rise in third-quarter net earnings, will focus
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index NOV 11,2014 3,292.15 -8.85 (-0.27%) Current streak 1 day Day high 3,309.66 Day low 3,287.42 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index NOV 11,2014 783.58 -2.33 (-0.30%) Current streak 6 days Day high 789.94 Day low
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    • Article, Illustration
      Lock icon Bank selloff drags STI below 3,300
      661 8  -  The largest fall was recorded by UOB, which shaved six points off the index; DBS’ fall of S$0.22 accounted for the loss of five points TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) fell 8.85 points on Tuesday to 3,292.15
      Source: Bloomberg  -  661 words
    • Article
      Lock icon STI STOCKS
      309 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 226 +1 229/226 250 206 6.3 5710.4 CapitaLand 315 -4 320/314 348 268 15.8 2.5 *****.7 CapitaMall Trust 197 unch 198.5/197 209 180 5.2 6832.5 CityDev 938 -9 948/938 1118 860 12.7
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME IHC 65,180,000 WE 40,418,000 Weiye 31,909,000 Top Global 30,625,000 Alliance Mineral 27,135,000 Market volume 1,384,101,000 VALUE DBS Grp 127,003,872 UOB 61,511,957 SingTel 47,621,480 ST Engineering 43,187,930 OCBC Bank 41,392,365 Market value 1,008,698,000
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    • Article
      Lock icon SGX ETFs
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 167 +2 211 169/165 169/140 167/168 52.2 IS MS India US$ US770 +3 160 771/755 779/541 770/771 96.3 STI ETF 333 -1 57 334/333 343/298 332/334 DBXT CSI300 US$ US746 -1 21 763/746 784/613
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Nov 11 VALUE CLOSE BT OB/OS 75.00 +6.00 BT CADI -*****.00 -93.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 748.48 -1.21 FTSE ST Small Cap 517.74 -2.54 FTSE ST All Share 794.06 -2.11 FTSE ST China Top 191.30 +0.67 FTSE ST China 226.03 +0.66 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index NOV 11,2014 794.06 -2.11 (-0.27%) Current streak 1 day Day high 797.94 Day low 793.38 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 8 STI MSCI EAFE MSCI EAFE Index NOV 10,2014 1,810.50 +11.85 (+0.66%) Current streak 1 day Day high 1,813.76 Day low 1,801.57 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (OCt 16, 2014)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 2 0 0 0 3 11 2 Manufacturing 34 42 47 6 10 9 40 52 56 Commerce 15 20 25 4 6 3 19 26 28 Tpt/Stor/Comms 10 18 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,108 23,108 91,106 91,106 Manufacturing 178,614 49,700 228,314 104,731 3,301 108,032 Commerce 74,561 77,890 152,451 74,033 3,466 77,499 Tpt/Stor/Comms 87,101 21,959 109,060 129,396 4,583 133,979 Finance 18,806 65 18,871 239,534 16 239,550 Construction 47,904 25,468
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    • Article
      Lock icon GAINERS
      79 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 141.1 0.5 *****/***** SPDR DJIA US$ ***** 117.8 0.5 *****/***** JMH USD 5935 110.0 1.5 6460/4934 DBXT MSUSA US$ 5150 46.6 0.7 5150/4303 DBXT E50 US$ 4848 44.0 0.7 5630/4637 BY PERCENTAGE CLOSE UP 52w high/low NKY *****MBeCW*****3 14.3
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    • Article
      Lock icon LOSERS
      79 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -271.8 -1.9 *****/***** Lyxor ThaiSET US$ ***** -267.9 -1.5 *****/***** DBXT iBoxxKR US$ ***** -225.2 -1.1 *****/***** DBXT AUDCS US$ ***** -185.1 -0.8 *****/***** DBS Bk 4.7% NCPS ***** -160.0 -1.5 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE Mary Chia 75.0 0.067 +0.014 +26.42 Jubilee Ind 14,712.0 0.050 -0.003 -5.66 Dutech 239.0 0.270 +0.030 +12.50 WE 40,418.0 0.011 +0.001 +10.00 AIM 70.0 0.052 -0.008 -13.33 Plastoform 6,770.0 0.011 +0.001 +10.00 World Precision 148.0 0.305 -0.015 -4.69 Frencken 735.0 0.240 -0.025 -9.43 Suntar Eco-City
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    • BROKERS’ TAKE
      • Article
        Lock icon Super Group
        150 8 Hold Nov 11 close: S$1.055 Target price: S$1.15 DBS Group Research, Nov 11 We see Super undergoing a period of transition. We lowered our earnings projections by 16-17 per cent on the current set of disappointing results. However, we expect gross margin to improve in 2015 and 2016
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      • Article
        Lock icon Yangzijiang Shipbuilding
        149 8 Buy Nov 11 close: S$1.19 Fair value: S$1.31 OCBC Investment Research, Nov 11 Excluding a one-off tax credit of 349 million yuan in Q2 2014, 9M 2014 core net profit accounted for 77 per cent of our full year estimate. Year to date, the group has secured 32
        149 words
      • Article
        Lock icon Sarine Tech
        206 8  -  Compiled by Cai Haoxiang Hold Nov 11 close: S$3.10 Target price: S$3.11 CIMB Research, Nov 10 We deem Sarine’s 9-month 2014 core net profit, at 75 per cent of our FY2014 forecast, as below expectation (in the past four years: 81 per cent, on average). The variance was
        206 words
    • Article
      Lock icon Greenback climbs to 7-year high against yen
      348 9 TT CURRENCIES REUTERS London THE US dollar climbed to a seven-year high against the yen on Tuesday after a Japanese government official told Reuters that Prime Minister Shinzo Abe was likely to delay a planned sales tax increase. The comments came as momentum
      REUTERS  -  348 words
    • FOREX RATES
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        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 NOV 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.980 5.270 0.694 6.673 53.023 104.966 0.996 9.417 2.880 1.114 87.423 38.673 1.114 9.733 0.834 26.324 28.299 0.543 0.861 Canada 1.021 5.379
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        Lock icon SHANGHAI COMPOSITE
        2 9
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        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Nov 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1137 1.1145 0.8604 0.8607 Canadian dollar 1.1366 1.1378 0.8787 0.8781 Euro 1.6060 1.6068 1.2407 1.2409 NZ dollar 0.9995 1.0003 0.7722 0.7725 Sterling pound 2.0510 2.0523 1.5845 1.5849
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 NOV 11 S$ Bid Offer 1-month 1.2948 1.2955 2-months 1.2948 1.2955 3-months 1.2944 1.2957 6-months 1.2946 1.2952 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        371 9 NOV 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.49 *****.12 *****.30 Dec14 *****.00 *****.00 *****.00 *****.00 *****5 *****8 Mar15 *****.00 *****.00 *****.00 *****.00 24 2978 MSCI TAIWAN INDEX FUTURES SPOT 337.55 337.55 335.10 Nov14 337.40 338.10 335.70 336.30 ***** *****8 Dec14 337.00
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        213 9 Most active Nov 11 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****2 13.3 -2.6 8150 0.1 2360 4 DBS MB eCW*****1 14.1 -1.8 5250 0.1 1900 8 Rowsley Ltd W*****3 4.3 -0.1 5180 1 18 23
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Nov 10 Index Change Change Change Change Change Change World Preliminary 1262.7 0.3 6.6 0.3 5.5 0.4 3.2 EAFE Preliminary 975.2 0.4 2.0 0.5 -3.4 0.7 -5.5 Europe Preliminary 1366.0 0.7 0.8
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    • BANK RATES
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        Lock icon SIBOR
        36 9 Nov 11 (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 9 Nov 11 $S Offer Bid 0vernight 0.01 0.00 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: N.A. US$ 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
        61 9 Nov 11 Nov 11 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.82 5-Year N*****0H 1.625 01-Oct-19 100.53 10-Year NY*****H 3.000 01-Sep-24 105.86 106.00 105.98 15-Year NY*****E 2.875 01-Jul-29 102.09 20-Year NZ*****V 3.375 01-Sep-33 107.71 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 9 NOV-10 Price Net change change Last Trade Agricultural Nov-10 CBOT Soybeans (US cents/bu) 1027.50 -12.75 -1.23% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.36 -0.04 -0.12% 12/12/2014 CBOT Wheat (US cents/bu) 517.25 2.75 0.53% 12/12/2014 Nov-10 LIFFE Cocoa (£/tonne) 1929.00 2.00 0.10% 12/12/2014 LIFFE Coffee (US$/tonne) 2022.00 4.00 0.20%
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      • Article
        Lock icon PALM OIL
        57 9 NOV 11 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2220.0 2234.0 2225.0 2191.0 57 1081 Dec 14 2230.0 2264.0 2266.0 2225.0 1710 ***** Jan 15 2231.0 2265.0 2271.0 2225.0 ***** ***** Feb 15 2238.0 2269.0
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    • Article
      Lock icon Koh Brothers’ Q3 profit up 3% at S$7.1m
      520 10  -  Mixed financial results from builders By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore BUILDERS posted mixed results for the three months ended September. Koh Brothers saw its net profit for the third quarter ended September rise 3 per cent, from S$6.9 million to S$7.1
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    • Article
      Lock icon Productivity boosts Rotary Q3 earnings
      383 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ROTARY Engineering on Tuesday reported a 37 per cent increase in net profit to S$10.9 million for its third quarter ended Sept 30, 2014. This was a result of a smooth execution of its projects as well as the
      383 words
    • Article
      Lock icon EuroSports Global posts S$3.13m H1 loss
      360 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LUXURY lifestyle company EuroSports Global Ltd has reported a net loss of S$ 3.13 million for the first half of its fiscal year ended Sept 30, from a net profit of S$ 1.89 million a year ago. The
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    • Article
      Lock icon Vicom posts 5.6% rise in Q3 net profit to S$7.16m
      293 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore VICOM, a vehicle inspection and testing services provider, has posted a 5.6 per cent year-on-year rise in third quarter net profit on higher business volume. Net profit for the quarter ended September 30, 2014,
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      30 7 Shop ONLINE www.oaks.com.sg It's A ‘Discovery! OAKS ine wine shop Flat Bottle Service... -A V Turn Your Wine Bottle into Lasting Mementos of Special Occasions Usual; S$129.00 Now: S$90.00 57
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      109 7 WE ARE Guided by our time-tested investment process. PIMCO Our Secular Outlook provides a strategic investment framework for the next 3-5 years Quarterly Cyclical forums ensure alignment with shorter-term investment objectives Regular Investment Committee meetings guide day-to-day decision-making Regional experts in global offices provide local market insights r Wa t
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      46 10 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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  • REAL ESTATE
    • Article, Illustration
      Lock icon Condo resale prices flattish in October: SRX
      453 11  -  But analysts do not think it is a sign that prices are recovering SINGAPORE RESIDENTIAL MARKET By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RESALE prices of non-landed private homes stabilised in October, leading some in the industry to wonder if the total debt servicing
      453 words
    • Article
      Lock icon Sydney house sellers’ asking price tops A$1m
      420 11 Record low interest rates fuelling surge in demand from investors BLOOMBERG Sydney SYDNEY’S median asking price for detached houses topped A$1 million (S$1.1 million) this week for the first time as sellers raised expectations in a booming market. The asking price rose A$10,600
      BLOOMBERG  -  420 words
    • Article
      Lock icon Prices in ‘hot’ areas holding up even in soft market
      516 11  -  MALAYSIA PROPERTY OUTLOOK By Pauline Ng btworld@sph.com.sg Kuala Lumpur SENTIMENT in Malaysia’s real estate market may be soft, but even ponying up a generous premium may not be enough to tempt owners to sell their prized assets if these are
      516 words
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      117 11 fl S y B 3 os •K °nik i i If you want to be successful in Asia, Singapore is the best bet. This is why we, as one of the world's leading specialty chemicals companies, have been in Singapore for decades. And we're delighted that our partner Borussia Dortmund
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  • BANKING & FINANCE
    • Article
      Lock icon Rouble continues slide after currency floated
      804 12 Moscow trying to avert repeat of 1998 crash, sets focus on fighting inflation REUTERS MOSCOW THE rouble resumed its dramatic slide on Tuesday, a day after the Russian central bank floated the currency that has been driven sharply lower by falling oil prices and
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      Lock icon UOB’s S-E Asia strategy pays off
      417 12  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank’s (UOB) South-east Asia strategy is paying off as the region’s strong economic fundamentals attract more investments and increasing intra-regional trade flows. Unlike its bigger rivals which have bought banks in Hong Kong and Taiwan,
      417 words
    • Article
      Lock icon HK banks vie for stock-link cash with prizes, fee cuts
      375 12 BLOOMBERG Hong Kong BANKS in Hong Kong wrestling for a share of the spoils from a stock-trad-ing link between the city and Shanghai are waiving fees and even offering gold medals as prizes to lure customers. Hang Seng Bank Ltd
      BLOOMBERG  -  375 words
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      1511 12 HanKore Environment Tech Group Limited HANKORE ENVIRONMENT TECH GROUP LIMITED (Company Registration Number *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of HanKore Environment Tech Group Limited (the “Company”) will be held at, Pan Pacific Singapore, Ocean 1-3, Level
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  • ENERGY & COMMODITIES
    • Article
      Lock icon G-20 nations spend US$88b a year on fossil-fuel exploration
      431 13 This despite their agreeing in 2009 to phase out inefficient fossil-fuel subsidies that encourage wasteful consumption BLOOMBERG London THE G-20 group of major economies spend US$88 billion a year on fos-sil-fuel exploration, five years after pledging to phase out industry subsidies,
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      Lock icon Australia gives A$6m boost to illegal logging fight
      361 13 AFP Sydney AUSTRALIA on Tuesday pledged A$6 million (S$6.7 million) to the fight against illegal logging as top officials and conservationists met in Sydney for the Asia-Pacific Rainforest Summit. The two-day forum, being held ahead of the once-a-decade World Parks Congress that
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    • Article
      Lock icon S&P lowers rating on Bumi’s US$700m notes
      262 13 Singapore STANDARD Poor’s Ratings Services has lowered its long-term issue rating on the US$700 million senior secured notes guaranteed by Indonesia-based coal mining firm PT Bumi Resources to ‘D’, owing to a missed interest payment. But S&P removed the rating from CreditWatch, where
      262 words
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      90 13 ARTISANAL CUISINE, A WAY OF LIFE. Celebrating and respecting seasonality, terroir and the world’s best produce. Ranked 100th, The World’s Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Ranked 17th, Asia’s 50 Best Restaurants 2014, sponsored by S. Pellegrino and Acqua Panna. Appointed Krug’s First Restaurant Ambassade in
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Connected generation to gain from open Internet
      805 14 Having to pay for a priority lane for data could stifle innovation for connected devices BLOOMBERG New York US President Barack Obama’s proposal for an open Internet would be a victory for Netflix Inc and its bingewatching users, and may be a bigger
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    • Article
      Lock icon US Postal Service announces theft of data from its computer systems
      686 14 NYT Washington THE Postal Service became the latest US government agency to announce a major theft of data from its computer systems, telling its employees that an attack “potentially compromised” databases containing postal employees’ names, birth dates, addresses and
      NYT  -  686 words
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      1500 14 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices sinarmas land SINARMAS LAND LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0619R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of SINARMAS LAND LIMITED (the "Company’') will be held
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      1280 14 BUND CENTER INVESTMENT LTD (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (the “SGM”) of BUND CENTER INVESTMENT LTD (the "Company”) will be held at PARKROYAL on Beach Road, Grand Ballroom II III, Level 1, 7500 Beach
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      313 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STX PAN OCEAN LNG PTE. LTD. (Company Reg No. *****7124E) (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap 50, that the FINAL MEETING of the
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  • E50 20th ANNIVERSARY
    • Article, Illustration
      Lock icon Celebrating 20 years of visionary leadership and entrepreneurial success
      426 15  -  Close to 500 homegrown companies have been honoured as being in the highest echelons of Singapore’s vibrant SME community By Mindy Tan tanmindy@sph.com.sg @MindyTanBT SINCE it was established in 1995, the Enterprise 50 Awards has been recognising local, privately held companies
      FILE PHOTO  -  426 words
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      Lock icon E50: Good to Great
      18 15 Six interesting facts about the Enterprise 50 Awards on its 20th anniversary Source: KPMG
      Source: KPMG  -  18 words
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      Lock icon E50’S JUBILANT 20 YEARS
      431 16 The Enterprise 50 Awards, established in 1995, is jointly organised by The Business Times and KPMG, and supported by the Infocomm Development Authority of Singapore, International Enterprise Singapore, Singapore Business Federation and SPRING Singapore. We take a leaf from the past to fete some of the
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      Lock icon LOOKING BACK ON E50
      1288 17  -  On this 20th anniversary of the Enterprise 50 awards, we asked the former country managing director of Accenture, WILLIE CHENG, who started E50 with Patrick Daniel, editor-in-chief of SPH’s English and Malay Newspapers Division, to give us his take on its inception and journey WILLIE CHENG
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      Lock icon Providing concrete solutions
      387 18 As demand for precast construction components continues to grow due to rising construction costs, labour shortage and environmental concerns, homegrown Excel Precast Pte Ltd has seen its business grow steadily over the past 15 years. The company won its first Enterprise 50 award in 2011. Two years
      387 words
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      Lock icon Springboard to the world
      329 18 Tee Yih Jia Food Manufacturing Pte Ltd, which topped the prestigious Enterprise 50 list in 2000, is a leading homegrown frozen-foods maker with a global reach. More than 90 per cent of its renowned “Spring Home” brand of products are exported to Europe, North America, South
      329 words
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      Lock icon Luxury driving force
      331 18 Eurokars Group’s business growth as the largest privately held car distributorship in Singapore is truly impressive given its achievements over the past three decades. Starting out in 1985 on being selected by leading luxury marque Porsche to represent it in Singapore, Mr Karsono Kwee, Executive Chairman of
      331 words
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      Lock icon Value-added edge in M&E
      395 18 Wah Loon Engineering, which clinched the top spot in the Enterprise 50 awards list in 2011 after having won the award in the previous two years, has come a long way since its founding. Established as a sole proprietorship in 1988, it started with 10 staff
      395 words
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  • CONSUMER
    • Article
      Lock icon Competition to shave M’sia telcos’ margins: Fitch
      426 20  -  It says average Ebitda margin may drop by one pp-1.5pp By S Jayasankaran btworld@sph.com.sg Kuala Lumpur AN international rating agency has predicted that competition in Malaysia’s crowded telecommunications sector will prove so intense next year that margins could be shaved by between one
      426 words
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      Lock icon Alibaba Singles’ Day online sales hit new record
      508 20 York-listed Alibaba Group. AFP, REUTERS Hangzhou ALIBABA Group Holding Ltd said more than US$6 billion of goods have been sold so far during its annual Singles’ Day online shopping frenzy, as customers jumped on heavily discounted goods to send sales surging past
      York-listed Alibaba Group. AFP, REUTERS; PHOTO: REUTERS  -  508 words
  • Page 20 Advertisements
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      2292 20 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices KHONG GUAN FLOUR MILLING LIMITED (Company Regn. No. *****0096G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Modi’s ‘Make in India’ drive skids on red tape
      749 22 Recent mine closures highlight bureaucratic obstacles to PM’s push to turn nation into global manufacturing hub BLOOMBERG New Delhi PRIME Minister Narendra Modi is seeking to turn India into a global manufacturing hub by curbing red tape. Tell that to Tata
      BLOOMBERG  -  749 words
    • Article
      Lock icon European Court of Justice rules against 'welfare tourism’
      446 22 AFP Luxembourg THE EU’s top court ruled on Tuesday that member states do not have to provide social welfare payments to EU citizens moving to their country solely to claim benefits. Charges that the European Union’s core freedom of movement principle has
      AFP  -  446 words
    • Article
      Lock icon US sends biggest trade delegation to Egypt
      701 22 BLOOMBERG Cairo THE US sent its biggest-ever trade delegation to Egypt, the latest sign that the allies have repaired the rift that followed the army’s ouster of an elected president last year. Executives from about 70 companies, including Apache Corp and Coca-Cola Co,
      BLOOMBERG  -  701 words
    • Article
      Lock icon BOJ stimulus not aimed at yen slide: Abe
      289 22 REUTERS Tokyo PRIME Minister Shinzo Abe on Tuesday staved off criticism that Japan’s ultra-loose monetary policy was aimed at weakening the yen, as its fall to a seven-year low against the dollar sowed unease among rival exporting nations, such as South Korea.
      REUTERS  -  289 words
    • Article
      Lock icon Oxfam tells G-20 to tackle rising inequality
      270 22 AFP Sydney THE world’s biggest economies must tackle rising inequality, aid agency Oxfam warned on Tuesday, saying that ignoring the issue would leave millions trapped in poverty and risk economic growth. In a report ahead of the G-20 summit in Brisbane, Oxfam said
      AFP  -  270 words
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      Lock icon HK protesters told to clear streets or risk arrest
      684 23 Student leaders made ‘unrealistic’ demands in first round of talks last month: Chief Secretary BLOOMBERG Hong Kong HONG KONG’S government has ruled out talks with pro-democracy protesters, and is preparing to enforce a court ruling to clear the streets, the city’s
      BLOOMBERG  -  684 words
    • Article
      Lock icon Australia business index hits new high in October
      268 23 REUTERS Sydney A MEASURE of Australian business conditions boasted the biggest increase on record in October as firms reported stronger sales, profits and employment, a possible sign the economy was gaining momentum into the last quarter of the year. National Australia Bank’s
      REUTERS  -  268 words
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      1502 22 The Business Times NOTICES tiaerair w TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1866W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”! of Tiger Airways Holdings Limited (the Company will be held at NTUC Auditorium, One
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      992 23 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARKEM PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****0349M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 9 Toh Guan Road East #02-01 Alliance Building
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      Lock icon Page 23 Advertisements Column 2
      84 23 m iW/m mu'? Vm M: "4 :»y •f/d. ?.tm m wwmm wdsm /A V// /////A VM m. m K- -sm /.'‘C-'A I f?/ y/ Apply makeup? fig* ■tti What can you do in 3 minutes? j.W' 3E ,1V s Si m Know the world! Scan the QR code now to
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  • TRANSPORT
    • Article, Illustration
      Lock icon Alpine investing US$20m in Myanmar dealerships
      433 24  -  More showrooms planned in Myanmar over next two years as part of investment deal By Samuel Ee samuelee@sph.com.sg Singapore SINGAPORE’S Alpine Global last week officially threw open the doors of its brand new 3S sales, service and spare parts Chevrolet facility in Yangon and
      433 words
    • Article
      Lock icon Virgin Australia to raise US$300m in US
      729 24  -  By Angela Tan angelat@sph.com.sg Singapore SINGAPORE Airlines Limited’s (SIA) newly minted associated company, Virgin Australia Holdings Limited (VAH), may be looking to raise US$300 million in the US in a bid to diversify its funding. SIA, which formed a strategic alliance with VAH
      729 words
    • Article
      Lock icon OW collapse shocks industry; damage limitation top priority
      803 24  -  TTSTRAIT TALK BY DAVID HUGHES Hamburg JUST as the International Bunker Industry Association (IBIA) was winding up its annual convention in Hamburg on Wednesday evening last week, the news that OW Bunker was in deep trouble started to filter through. The convention
      803 words
    • Article
      Lock icon Korea ferry captain jailed for 36 years, acquitted of murder in disaster
      599 24 AFP Gwangju, South Korea THE captain of the South Korean ferry that sank in April with the loss of more than 300 lives was jailed for 36 years on Tuesday, but acquitted of murdering those who died in
      AFP  -  599 words
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      Lock icon Planemakers flock to China’s fast-growing aviation market
      561 25 Foreign firms want to tap a market in which air travel grew by an annual 11% last year to 350m passengers AFP zhuhai, China GLOBAL aviation firms flocked to China on Tuesday to show off their wares as economic development and an expanding
      AFP; PHOTO: REUTERS  -  561 words
    • Article
      Lock icon Hyundai Motor, Kia to spend 670b won to buy back shares
      588 25 Move is to improve shareholder value after purchase of property for three times the assessed price spurs sell-off BLOOMBERG Seoul HYUNDAI Motor Co and Kia Motors Corp will buy back a combined 670 billion won (S$ 791 million) of
      BLOOMBERG  -  588 words
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      424 25 rj EMINAR Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST m Mi nm ee -A m m z DAY 1 SATURDAY, 29 NOV 2014 DAY 2 SUNDAY, 30 NOV 2014 WHY ATTEND? *Terms and Conditions apply Seminar fee includes refreshments a buffet lunch at
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  • OPINION
    • Article
      Lock icon Washington and Beijing hold the key to Asia-Pacific trade integration
      572 26 EDITORIAL THIS week’s Apec Summit in Beijing has revealed some deep-seated divergences between members of the 21-nation grouping. The meeting between Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe their first since 2012 has been hailed as an
      572 words
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      Lock icon It’s high time Japan mended fences with neighbours
      814 26  -  TT THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE historic meeting between the leaders of China and Japan, hours before the Apec Economic Leaders’ Meeting convened in Beijing,
      814 words
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      Lock icon Business of post-midterms Washington is ... business
      1443 26  - Business of post-midterms Washington is business Many Americans angry over the rising economic inequality may not vote for the Republicans again if they conclude the GOP will spend the next two years rewarding the One Percent By Leon Hadar Washington ONE of the Republican Party’s political icons has been former
      PHOTO: REUTERS  -  1,443 words
    • Article
      Lock icon Region set for significant growth, despite the bumps
      960 27  -  FT ASEAN ECONOMIC SUMMIT By Edward Lee T The writer is head, Asean macro research, at Standard Chartered Bank. The article is adapted from “Asean Growth in the fast lane” published by Standard Chartered Research in conjunction with the FT Asean Economic
      960 words
    • LETTERS TO THE EDITOR
      • Article
        Lock icon It’s not a ‘quality market’for retail investors
        623 27  -  Jimmy Ho Kwok Hoong President The Society of Remisiers (Singapore) I REFER to the recent article, “Share traders calling it a day as market volumes dries up” (BT, Oct 23), in which our stock market was described by some as a “quality market”.
        623 words
      • Article
        Lock icon Remisiers should stop complaining
        927 27  -  Vincent Khoo I REFER to the article, “Share traders calling it a day as market volume dries up” (BT, Oct 23). It is true that trading volume on the Singapore Exchange (SGX) has trended lower for a couple of years now; figures released by SGX bear
        927 words
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      Lock icon BBB recovery keeps central banks in play
      925 27  -  There is a good chance that this economic expansion could become one of the longest since we can track a global cycle. BY JOACHIM FELS BY JOACHIM FELS T The writer is Morgan Stanley’s chief global economist. He is in town this week
      PHOTO: AFP  -  925 words
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  • Article
    Lock icon THE BUSINESS TIMES Shipping times
    1722 28 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 EMERALD CORAL 84 60 29/11 30/11 CALMY CORAL 84 60 5/12 7/12 10/12
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      296 28 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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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Oil magnate ordered to pay US$996m in divorce settlement
      893 29 Figure much smaller than what ex-wife’s lawyers sought; Hamm won’t need to sell Continental Resources shares REUTERS Houston CONTINENTAL Resources CEO Harold Hamm has been ordered to pay nearly US$ 1 billion to his ex-wife in one of the larg-est-ever US
      REUTERS; PHOTOS: REUTERS  -  893 words
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      Lock icon Fast-paced video games may be good for the brain
      396 29 BLOOMBERG Minneapolis BLOWING away enemy soldiers and aliens may be good for the brain, as researchers have found that fast-paced action video games improve a player’s learning ability. People who play video games such as Activision Blizzard Inc’s Call of Duty
      BLOOMBERG; FILE PHOTO  -  396 words
    • Article, Illustration
      Lock icon Clinic that treated Joan Rivers cited for multiple failings
      370 29 REUTERS New York THE New York outpatient clinic where the late Joan Rivers suffered cardiac arrest did not follow all the standard protocols during the throat procedures it conducted on the comedian, according to a government agency report. Rivers died on
      REUTERS; PHOTOS: REUTERS, AFP  -  370 words
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      338 29 CRYPTIC CROSSWORD Across 1 Leave drink, taking in small talk (6) 5 Irregular role at home around South America (8) 9 Time working on board getting marine life forms (8) 10 Schemes incorporating island’s flat areas (6) 11 Fellow listener a few dread (8) 12 Hoped to see West End
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Asia borrowers win as banks compete
      1032 30  -  Banks faced with scant growth in the West are heading East in search of better returns and funding companies from resort operators to pig farmers By Christopher Langner BLOOMBERG THE neediest companies in Asia are getting a warmer reception in the loan market than
      BLOOMBERG; FILE PHOTO  -  1,032 words
    • Article, Illustration
      Lock icon Achieving social impact and financial returns with impact investing
      1103 30  -  TT MONEY MATTERS By Bernard Fung T The writer is head of Family Office Services and Philanthropy Advisory Asia Pacific, Private Banking Wealth Management, at Credit Suisse THE term “impact investing” was coined by the Rockefeller Foundation around 2008. Its presence
      FILE PHOTO  -  1,103 words
    • Article
      Lock icon Stock purchases outshine sales
      507 31 TT ON THE RADAR GLOBAL mutual funds were net buyers of Singapore stocks in the three months to Nov 5. The top five stocks saw net buys of about S$1.88 billion on an aggregate basis, compared with net sales of S$719.5 million for the top five
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    • Article
      Lock icon Invesco fund treads untested path as major investor in distressed debt
      783 31 NYT New York WHEN a unit of a Texas power giant filed for bankruptcy this year, investors did not go looking for bargains. Because the company was saddled with US$40 billion in debt from a boom-era buyout in 2007,
      NYT  -  783 words
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      70 31 POWER BREAKFAST POWER LUNCH V J Purchase a copy of THE BUSINESS TIMES at 7-Eleven Shell and get a $5 Spinelli voucher.’ THE BUSINESS TIMES Share traders calling it a day as market volume dries up SPINELLI Ifl F.-rf Ui I FIVE DOLLARS GIFT VOUCHER 2TO 1 I 9 ELEVEI1
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      Lock icon Page 31 Advertisements Column 2
      241 31 PRINTING INNOVATION NOW ON A3 9 9 o a o 2) 9 For every Samsung colour copier purchased, choose ONE of the following free gifts*: Samsung GALAXY Note 4 4G+ Samsung GALAXY S5 4G+ Samsung GALAXY Tab S (10.5") LIE SVi Multi-task Effortlessly with Samsung Printing Solutions With every business
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