The Business Times, 28 September 2015

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Microfilm: NL33614
Total Pages: 25
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    36 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD BEST IN OVERALL REDESIGN S$1.00 s|:}1 A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg I} D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Monday. September 28. 2015
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  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 2,832.64 -46.95 KL COMP 1,615.01 -54.44 NIKKEI 225 17,880.51 -189.70 HANG SENG 21,186.32 -734.51 SHENZHEN B 1,025.53 -15.53 DOW 16,314.67 -69.91
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  • Article, Illustration
    Lock icon Weak A$ drawing more S’pore interest in hotel assets Down Under
    1132 1  -  S’pore players have been dominant players in the market, while outlook for Australia’s tourism sector for rest of 2015 is looking positive By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore THE weak Australian dollar is boosting interest in hotel assets
    PHOTO: AFP  -  1,132 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    235 1 This week is likely to see more volatility in US stocks as traders await inflation and jobs data that could decide the timing of the on-again, off-again 2015 Fed interestrate hike. TOP STORIES 2 Emerging value as well as currency movements are leading to a pick-up in high-end
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  • Article
    Lock icon As car buyers dally, rental firms get a boost
    626 1  -  Demand seen coming from motorists who are waiting for prices to fall before buying new cars By Samuel Ee samuelee@sph.com.sg Singapore CAR rental companies are enjoying a surge in business as motorists who are putting off buying a new car raise
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      67 1 8 "*****1 *****4 RAISING THE BAR The new Bacchanalia is even better DINING OUT/25 CELEBRATING 260 YEARS OF UNINTERRUPTED WATCHMAKING On September 17th, the 260th day of the year. Vacheron Constantin marked its 260th anniversary by revealing the most complicated watch ever made. Never has there been such an extraordinary
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      26 1 TOPLINE New CEO aims to get Rickmers Maritime ship-shape COMPANIES MARKETS 6 A NIGHT TO REMEMBER Variety adds spice to EE awards EMERGING ENTERPRISE 2015 /12-13
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    • Advertisement
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      19 1 IF NOT NOW, WHEN? Should the Fed start raising interest rates soon, or wait? VIEWS FROM THE TOP 14-15
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  • TOP STORIES
    • Article
      Lock icon Perception, not profit, dictates market mood
      860 2  -  More volatility expected this week as traders await inflation and jobs data WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks retreated slightly last week after abrupt changes in market perceptions of the Federal Reserve, biotechnology stocks and German car makers. This week is
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    • Article
      Lock icon Funds flow
      173 2 Foreign net purchase of US stocks (US$ billion) Q2 2015 Q1 2015 All countries -35.35 -12.99 Europe -17 .69 -11.73 Canada 0.66 -7 .61 Latin America -0.63 -0.09 Caribbean -4.29 7.42 Total Asia -14.75 -1.37 China -2.77 -0.34 Hong Kong 1.59 0.92 India -0.25 -0.25 Indonesia 0.00 -0.02
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    • Article
      Lock icon S’pore leads Asian investors in fleeing Wall Street in Q2
      628 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore GREECE scared the wits out of global investors on Wall Street in the second quarter of the year. Led by Singapore-based investors, Asians dumped a net US$14.75 billion of US stocks almost half
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    • Article, Illustration
      Lock icon High-end home sales get boost as buyers find reasons to bite
      1058 4  -  The increase in transaction volumes cuts across both landed and non-landed segments By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore EMERGING value as well as currency movements are leading to a pick-up in high-end home sales here. Going by Savills Singapore’s
      Source: Savills Singapore Research, URA Realis  -  1,058 words
    • Article
      Lock icon Volkswagen scandal unnerves markets, threatens economies
      1057 4  -  By Neil Behrmann btworld@sph.com.sg London THE Volkswagen diesel emissions scandal is not only raising questions on chicanery in other motor companies but has shamed European antipollution regulators and their governments. The fines and legal costs of Volkswagen and other errant motor companies are forecast
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    • Article, Illustration
      Lock icon Feted in China, Xi’s US profile dims in shadow of Pope
      903 4 REUTERS Washington ON Friday morning, Chinese President Xi Jinping enjoyed the symbolic high point of his first state visit to the United States a 21-gun salute as he stood with US President Barack Obama outside the White House. For
      REUTERS; PHOTOS: AFP, REUTERS  -  903 words
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      195 2 f Curtin Singapore —nr A r-»i SINGAPORE ft 1MT k#i PERTH A global university ranked among the world's best s Ranked top 2% in the world by ARWU 2015 Transfer across Curtin campuses in Perth and Singapore s Career-ready skills and knowledge upon graduation Progression pathway A levels* Bachelor degree
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      32 4 Mueller starts damage control as new vw CEO, Page 23 Xi pledges US$2b for new development fund for poor countries, Page 22 Pope wraps up historic US tour in Philadelphia, Page 26
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      160 5 ABP London at Royal Docks heralds a new commercial era. A state-of-the-art 4.7mil sq.ft headquarters economy especially for enterprises from Asia. A hub for growing trade between East and West, dubbed “London’s 3rd financial district” by Mayor of London, Boris Johnson. A key development within the post-Olympic £22bn “arc of
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon New CEO aims to get Rickmers Maritime ship-shape
      1024 6  -  In era of mega vessels, Soeren Andersen is eyeing regional container shipping market. BY MELISSA TAN TOP LINE market.BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT Singapore NEXT to the mega vessels plying the oceans these days, container ship owner Rickmers Maritime’s ships look positively
      PHOTO: YEN MENG JIIN  -  1,024 words
    • CORPORATE DIGEST
      • Article
        Lock icon TLV Holdings
        56 6 TAKA Jewellery’s retail chain operator TLV Holdings has appointed billionaire investor Jim Rogers as a strategic adviser to the group for a period of 12 months with effect from Sept 26. The 72-year-old Singapore-based American will provide advice, guidance and insight on business and capital market opportunities to
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      • Article
        Lock icon Vard Holdings
        70 6 SHIPBUILDER Vard Holdings on Sunday announced that it has secured new contracts worth over US$100 million for the design and construction of two offshore subsea construction vessels for Dubai-based Topaz Energy and Marine. The delivery of the vessels are scheduled in the third and fourth quarters of 2017
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    • Article
      Lock icon Buying spread out across several sectors
      1517 6  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited THE buying rebounded sharply while the selling among directors was very low based on filings on the Exchange during the holiday-short-ened week of September 21 to 25. A total of
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    • Article, Illustration
      Lock icon STI / Catalist
      33 7 STI Catalist WEEKLY Straits Times Index Sept 25,2015 2,832.64 -46.95 (-1.63%) Current streak 3 days Week high 2,882.27 Week low 2,832.64 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,832.64 (Sept 25, 2015)
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    • Article, Illustration
      Lock icon Is STI on the verge of entering a bear market?
      643 7  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AT Friday’s close of 2,832.64, the Straits Times Index stands 706 points or around 20 per cent below its 2015 closing high of 3,539 on April 15. In generally accepted market wisdom, a fall
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    • Article
      Lock icon GAINERS
      110 7 BY CENTS CLOSE UP 52w high/low JMH USD 4826 179.4 2.7 6788/4502 GLD US$ ***** 118.2 0.8 *****/***** Hyflux 6% CPS ***** 65.0 0.6 *****/***** DBS Bk 4.7% NCPS ***** 55.0 0.5 *****/***** IS ASIA HYG S$D 1489 51.0 3.5 1489/1343 BY PERCENTAGE CLOSE UP 52w high/low Novo 62.5
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    • Article
      Lock icon LOSERS
      77 7 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -524.0 -1.8 *****/***** DBXT MSEurope US$ 5341 -408.7 -5.1 6300/5341 DBXT E50 US$ 4500 -364.5 -5.4 5300/4410 DBXT MSTaiwa US$ 1864 -175.2 -6.2 2392/1788 DBXT MSAsExJp US$ 3076 -156.6 -3.5 4064/2973 BY PERCENTAGE CLOSE DOWN 52w high/low IHC 9.4
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 7 VOL CLOSE($) CHANGE Novo 1,821.5 0.625 +0.365 +140.39 TTJ 1,945.0 0.370 +0.035 +10.45 Healthway Med 110,491.6 0.035 +0.008 +29.63 SBI Offshore 3,612.8 0.159 -0.035 -18.04 Sunright 100.1 0.260 +0.050 +23.81 Japan Foods 542.9 0.460 -0.030 -6.12 LCD Global Inv 104.1 0.230 -0.045 -16.36 Pavillon 282.2 0.060 -0.005 -7.69
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 7 STI FTSE ST All-Share WEEKLY ftse ST All-Share index Sept 25,2015 686.62 -6.48 (-0.93%) Current streak 3 days Week high 693.57 Week low 686.62 52-week high 845.85 (Apr 17, 2015) 52-week low 686.62 (Sept 25, 2015)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 7 STI MSCI EAFE WEEKLY MSCI EAFE index Sept 25,2015 1,660.74 -53.22 (-3.11%) Current streak 1 day Week high 1,698.97 Week low 1,639.29 52-week high 1,949.49 (May 15, 2015) 52-week low 1,660.74 (Sept 25, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 10 0 0 0 0 6 10 0 Manufacturing 61 56 29 11 18 10 72 74 39 Commerce 19 33 14 6 12 2 25 45 16 Tpt/Stor/Comms 17 21 2
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 7 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 86,490 86,490 306,290 306,290 Manufacturing 498,343 244,401 742,744 328,790 9,479 338,269 Commerce 294,939 238,529 533,468 265,713 28,935 294,648 Tpt/Stor/Comms 565,638 4,598 570,236 775,983 361 776,344 Finance 102,562 44 102,606 1,154,367 7 1,154,374 Construction 62,304 15,508
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    • Article
      Lock icon STI STOCKS
      304 7 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 +7 231/220 271 213 6.3 5820 CapitaLand 279 +1 284/274 379 267 10.2 3.2 *****.9 CapitaMall Trust 190.5 +2 194.5/187 228 184.5 5.7 6611.1 CityDev 790 -13 810/782 1095 782 9.5
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    • Article
      Lock icon MOST ACTIVE
      34 7 VOLUME IHC 916,715,500 Healthway Med 365,105,300 Noble 167,458,100 Ezra 159,287,200 StratechGroup 158,839,200 Market volume 6,065,259,000 VALUE DBS Grp 552,995,930 Singtel 419,723,056 OCBC Bank 258,702,649 UOB 218,567,028 Global Logistic 201,610,076 Market value 4,337,761,000
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    • Article
      Lock icon SGX ETFS
      111 7 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 289 -4 2696 295/287 355/287 288/289 IS MS INDIA US$ US680 -18 1052 692/668 1000/648 679/680 85 Nikko AM STI ETF 293 -4 407 300/292 422/288 293/294 7.1 ABF SG Bond ETF 114.5 +0.5
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    • Article
      Lock icon COMPANY MEETINGS
      114 7 COMPANY MEETING PLACE DATE TIME SBI Offshore Ltd E 20 Pioneer Crescent #09-01 West Park BizCentral 28-Sep 10.00am GKE Corp A 30 Pioneer Road 29-Sep 10.00am Tee Intl A York Hotel S’pore 21 Mount Elizabeth 29-Sep 2.30pm Tee Land A Carlton Hall York Hotel S’pore 21 Mount Elizabeth
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 7 Sep 25 VALUE CLOSE BT OB/OS -136.00 -182.00 BT CADI -*****.00 -10.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 667.77 -0.28 FTSE ST Small Cap 408.88 -0.29 FTSE ST All Share 686.62 -1.67 FTSE ST China Top 167.06 -1.01 FTSE ST China 202.05 -0.67 FTSE
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    • Article, Illustration
      Lock icon Platinum skids to new low on Volkswagen scandal
      595 7 COMMODITIES AFP London PLATINUM, used in the production of catalytic converters, crashed last week to the lowest price in 6.5 years on the back of Volkswagen’s pollution cheating scandal. The precious metal, which also has been weakened in recent months by worries
      AFP; PHOTO: REUTERS  -  595 words
    • Article
      Lock icon Further New Zealand rate cuts still a possibility
      360 8  -  CURRENCIES By Kenneth Tan T The writer is forex manager at Phillip Futures AMID the recent falling prices in dairy products New Zealand’s main export and a weakening economic outlook on its home front, the Royal Bank of New Zealand (RBNZ) decided
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 8 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Sep 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.935 4.466 0.630 5.430 46.334 102.890 0.847 8.363 3.074 1.108 73.178 32.899 0.998 9.682 0.689 23.117 25.383 0.461 0.701 Canada 1.069 4.775
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Sep 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9974 0.9983 0.7004 0.7008 Canadian dollar 1.0666 1.0673 0.7492 0.7490 Euro 1.5839 1.5848 1.1123 1.1125 NZ dollar 0.8998 0.9009 0.6319 0.6324 Sterling pound 2.1659 2.1672 1.5210 1.5214
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        Lock icon SHANGHAI COMPOSITE
        3 8 COMPOSITEWEEKLY
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        Lock icon NIKKEI
        2 8 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 8 WEEKLY
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Sep 25 S$ Bid Offer 1-month 1.4260 1.4268 2-months 1.4278 1.4287 3-months 1.4294 1.4304 6-months 1.4334 1.4343 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 8 Sep 25 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9490.00 9540.00 9340.00 9420.00 *****5 *****1 Oct15 9405.00 9462.50 9252.50 9312.50 *****8 *****1 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 *****0 *****5 Mar16 *****.00 *****.00 *****.00 *****.00 33 482 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        203 8 Most active Sep 25 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2.6 0.8 ***** 1 18 13 FTSEChinaA50 ***** MBeCW*****7 12.4 -0.8 ***** 0.0 --2 KepCorp MB eCW*****1 8.1 -3 ***** 0.2 780 5
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 8 In local curr In S$ In US$ dy yr dy yr dy yr Sep 25 Index Change Change Change Change Change Change World Preliminary 1223.4 1.3 -4.1 0.7 0.6 0.9 -6.3 EAFE Preliminary 967.0 2.2 -2.0 1.1 0.5 1.3 -6.4 Europe Preliminary 1352.8 2.7 -2.1
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Sep 25 $S Offer Bid 0vernight 0.03 Par 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.08 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • Article
        Lock icon SIBOR
        36 8 Sep 25 1 mth 1 mth 1.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 8 GOVERNMENT BONDS Sep 25 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.54 101.60 101.58 5-Year N*****0S 2.000 01-Jul-20 99.2 99.35 99.25 10-Year NX*****Z 2.375 01-Jun-25 97.24 97.30 97.28 15-Year NZ*****F 2.875 01-Sep-30 98.84 20-Year NZ*****V 3.375 01-Sep-33 105.54 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 8 Sep-25 Price Net change change Last Trade Agricultural Sep-25 CBOT Soybeans (US cents/bu) 889.25 21.25 2.45% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.72 0.74 2.74% 14/10/2015 CBOT Wheat (US cents/bu) 507.75 10.50 2.11% 14/12/2015 Sep-25 LIFFE Cocoa (£/tonne) 2240.00 2.00 0.09% 14/12/2015 LIFFE Coffee (US$/tonne) 1596.00 30.00 1.92%
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      • Article
        Lock icon PALM OIL
        57 8 Sep 25 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2200.0 2259.0 2259.0 2200.0 190 2900 Nov 15 2261.0 2304.0 2308.0 2253.0 5041 ***** Dec 15 2299.0 2342.0 2345.0 2283.0 ***** ***** Jan 16 2322.0 2372.0
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    • Article
      Lock icon Responding to financial reporting surveillance reviews
      966 9 Directors have to be acutely aware of their duty now, with the expanded FRSP. BY KEVIN KWOK T The writer is a member of the Governing Council of the Singapore Institute of Directors. MANY directors continue to be surprised to receive letters from the
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1037 9 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Secu do 0.122 28-Sep 30-Sep 18-Dec 23-Sep Asiatic Grp ak 0.040 28-Sep 30-Sep 15-Oct 21-Aug ASL Marine Hldgs ak 0.400 04-Nov 06-Nov 17-Nov 28-Aug Avi-Tech Electronics ak 0.300 03-Nov 05-Nov 18-Nov 27-Aug Avi-Tech Electronics bh 0.700
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    • Article
      Lock icon PRIME LENDING RATES
      265 9 Sep 25 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi UFJ, Ltd ...5.50 Banque Internationale a ...5.75 Bank of Singapore
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1317 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 10.54 0.93 0.65 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 11.67 1.68 1.36 ARA Asset Mgt 1.25 1.25 2 0.09
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    • Article
      Lock icon SGX MAINBOARD
      2084 10 Week Ended: Sep 25 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil 82 42 8Telecom vol Week Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 136.5 +2.5 1521 137.5 134.5 1 8.1 866.3 LOW 183 137 ARA
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    • Article
      Lock icon SGX CATALIST
      417 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High week Low Div C'vr GrYld Net P/E MCap 35 10 45.5 5 t BlackGoldNatural............................8.7 -1.3 1949 10 5 68.6 24 10.2 t Brooke Asia 29.5
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    • Article
      Lock icon SGX ETF
      187 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 112 CIMB APAC Div S$D 114.2cd -1.2 0 117 114.2 107.7 79.4 CIMB APAC Div US$ US80.4cd -1.5 29 83 80.4 8.4 1440 991 CIMBASEAN40 S$D 1090 -43 0
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      Lock icon Page 8 Advertisements Column 1
      160 8 Enjoy zero-commission trading and tight spreads*. Trade Forex with Phillip Futures 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 *Terms and conditions apply. This advertisement is for general information only and does not constitute a recommendation, offer or solicitation to buy or sell any
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      71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Middle-income expats priced out of Dubai luxury
      909 11 Shortage of affordable homes and reduction in overseas allowances pushing them to less glamorous areas of the city far from the office, or to neighbouring Sharjah REUTERS Dubai WHILE Dubai continues to pump out sumptuous new apartment blocks, for a rising number of
      REUTERS; PHOTO: AFP  -  909 words
    • Article
      Lock icon Developer plans ultra-luxury Manhattan condominium tower with US$3,000 psf prices
      1045 11 BLOOMBERG New York It has been four years since Manhattan developer Sharif El-Gamal shelved plans for a 15-storey Islamic cultural centre, near Ground Zero, that drew international debate. He is looking to attract a different kind of attention for his
      BLOOMBERG  -  1,045 words
    • Article
      Lock icon Rents plunge on HK street that was world’s priciest strip
      386 11 BLOOMBERG Hong Kong COSMETICS retailer Colourmix will move to Hong Kong’s Russell Street, once the world’s most expensive shopping strip, and pay about 40 per cent less than the former tenant as China’s economic slowdown rattles the city. “Landlords have
      BLOOMBERG  -  386 words
  • Page 11 Advertisements
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      1290 11 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERNET FUND PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****6584G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 8 Temasek Boulevard, #32-02 Suntec Tower 3,
      1,290 words
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  • EMERGING ENTERPRISE 2015
    • Article, Illustration
      Lock icon Variety adds spice to EE Awards
      609 12 / 13  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A POTPOURRI of companies shone at this year’s Emerging Enterprise Awards (EE 2015), jointly presented by The Business Times and OCBC Bank. Top winners Hope First Response, an emergency medical response services provider; GD Group, a Penang food
      PHOTOS BY SHAWN TEO/ THE BUSINESS TIMES AND GARICK BAY/ OCBC BANK  -  609 words
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      177 12 / 13 Compctltiv* Resilience vt Edge m Scalability Of Business Unique Value Pro Congratulations to the winners and finalists of Emerging Enterprise Award 2015 Emerging Enterprise Award Winners GD Group Pte Ltd A chain of food outlets serving authentic Penang food. Hope First Response Pte Ltd Provider of emergency medical response services.
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon IF NOT NOW, WHEN? Vinod Nair
      4065 14 THIS WEEK’S TOPIC Should the US Federal Reserve start raising interest rates soon, or continue to wait? What would be the consequences for your business or industry either way? Peter Allen CEO Grant Thornton Singapore WE were not surprised at the Fed staying its
      AFP  -  4,065 words
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  • Page 15 Advertisements
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      166 15 LIVE EXPERIENCE Your Personal Creations loin us for four Exclusive Made to Order Events By Master Artisans from Italy i\/iii=iF=i^si=imade in Italy 2 nd -4 th October 2015 HAND MADE IN ITALY 11am 9pm Book your appointment now to order a pair of personalised shoes for SGD 950 only By
      166 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Introducing the Hang Seng Index
      2010 16  -  When the world believes in China again, the first place it will buy is Hong Kong MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT TO SINGAPOREANS, Hong Kong is a shopping destination, a weekend getaway, and a place to eat some dim sum. o the business
      Source: Bloomberg  -  2,010 words
    • Article, Illustration
      Lock icon A tale of two cities
      405 16 THE two cities see each other as rivals. Singapore markets itself as the gateway to Asia, notably Southeast Asia, while Hong Kong has benefited from its status as the gateway to China. A comparison can be made of their two indices as well. The investable
      PHOTO: REUTERS  -  405 words
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      113 16 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
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  • BANKING & FINANCE
    • Article
      Lock icon Indonesia banks on syariah finance boom
      756 17 It will educate the public and establish an Islamic finance committee to better manage the sector AFP Jakarta INDONESIAN teacher Nina Ramadhaniah hopes for “blessings from Allah” by opening a syariah bank account. She is the sort of pious customer that the world’s most-populous
      AFP  -  756 words
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      Lock icon China to promote equity crowdfunding to support startups
      390 17 REUTERS Beijing CHINA will promote greater use of equity crowdfunding for startups to encourage entrepreneurship in the world’s second-largest economy, a Cabinet document said on Saturday. China’s leaders have repeatedly said that they want to promote more entrepreneurial activity in the state-dominated
      REUTERS  -  390 words
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      123 17 Equity investment totals have reached $66 trillion worldwide. In the U.S. alone, equity markets have grown more than 180% since 2009. With that much at stake for individuals as well as institutions mutual funds, retirement funds and endowment funds need a way to manage the risks of stock market fluctuations.
      123 words
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  • ENERGY & COMMODITIES
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      64 18 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM”' THE STRAITS TIMES SINGAPORE 1845 THEN •NOW TOMORROW 4 m V r 4 V 9 SINGAPORE STORIES Experience Singapore’s beginnings, struggles and triumphs through the lens of The Straits Times. Catch the Singapore STories exhibition now on at the ArtScience Museum till
      64 words
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      18 18 www.omy.sg SPiiSffttfl-fc :su EIRIP m 5 r* ‘V' Buzz Talk ©f sais stasjaw LS-.fTIrr SCAN WATCH more news.omy.sg
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      191 18 Show Me the Money (Book 2) writes about the tools and techniques of stock picking, stock valuation and portfolio management. It explains to us how companies finance their growth and shows us how to spot signs of potential trouble for listed companies. Furthermore, it shares with us the techniques of
      191 words
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      98 19 Big Jubilee Fun BiggerWalk BiggestGoodieBag Be part of the SG50 celebrations and walk away with GOODIES WORTH $880, including a commemorative medal, a limited edition T-shirt, spa and beauty treats Relive the past, appreciate the present, relish the future Be one with Singapore, walk as one, be part of the
      98 words
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  • TECHNOLOGY
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      Lock icon Latest iteration of Apple versus Samsung
      1209 20  -  The iPhone 6s is going head-to-head against the Galaxy Note 5 By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore OVER the weekend, the iPhone 6s went on sale in selected markets, including Singapore. The first week’s sales figure will be awaited for with interest as
      PHOTO: REUTERS  -  1,209 words
    • Article
      Lock icon Modi to speak to Facebook users in Silicon Valley
      432 20 REUTERS San Francisco INDIAN Prime Minister Narendra Modi will not only speak to Silicon Valley’s biggest executives during his two-day visit to the US tech hub but will also take questions from some of Facebook Inc’s 1.5 billion users at a
      REUTERS  -  432 words
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      Lock icon Compensation of top Oracle execs lower in FY2015
      501 20 BLOOMBERG New York ORACLE Corp’s highest-paid executives were awarded less in fiscal 2015 as the software maker granted per-formance-based stock in place of some options. Billionaire founder Larry Ellison, who stepped down as chief executive officer in 2014, saw his compensation fall
      BLOOMBERG; PHOTO: BLOOMBERG  -  501 words
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      Lock icon Dreams of a Digital India turning into a nightmare
      759 20 WP New Delhi IN THE past decade, nearly one billion people have been connected to wireless phone service as part of India’s mobile communications revolution, making it the second-largest mobile phone market in the world. But a recent combination of rapidly
      WP  -  759 words
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      67 20 BuildTech Asia 2015 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2015 13-15 OCTOBER 2015 Singapore EXPO, Hall 3 MAX Atria, Singapore 10am-6pm (13-14 Oct) 110am-5pm (15 Oct) Wm i TOWARDS SMART BUILDING CONSTRUCTION Featuring 4 Key Segments Building Technology Construction Machinery New Materials Eletrical Mechanical Engineering
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  • CONSUMER
    • Article, Illustration
      Lock icon Subscription food box firms popping up in the US
      1206 21 Entrepreneurs aim to cash in on America’s appetite for novelty, convenience, munchies NYT New York WHEN promotions for two subscription snack box services, Naturebox and Graze, popped up in his Facebook feed, Matt Feit was interested. “I’m a firm believer in
      NYT; PHOTO: NYT  -  1,206 words
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      Lock icon Sprint to sit out US airwaves auction set for early 2016
      276 21 REUTERS New York SPRINT Corp will not join the US government’s auction of airwaves set for early 2016, as it has adequate airwaves to currently build out its network and for its future needs, the company said on Saturday.
      REUTERS  -  276 words
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      191 21 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ASIA WATER FUND BENXI PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****5933E) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter
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      2098 21 SINGAPURA S mi SINGAPURA FINANCE LTD (Incorporated in the Republic of Singapore) (Company Registration No.: *****0340N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE FORTY-SIXTH ANNUAL GENERAL MEETING of Singapore Finance Ltd will be held at 391A Orchard Road, Tower A, #26-00, Ngee Ann City, Singapore *****3,
      2,098 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Face masks a common sight in Jakarta as pollution takes its toll
      895 22 Government estimates that at least 70 per cent of the capital’s air pollution is from vehicles NYT Jakarta THE young woman sat on a bench at a bus terminal here one recent morning, listening to her iPod beneath
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      Lock icon Xi pledges US$2b for new development fund for poor countries
      633 22 AFP New York CHINESE President Xi Jinping on Saturday pledged US$2 billion for a new development fund for poor countries on a UN visit showcasing Beijing’s growing global role. Mr Xi’s announcement, made in his first address to the United
      AFP; PHOTO: REUTERS  -  633 words
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      Lock icon Malaysia shuts schools again amid ‘very unhealthy’ air
      457 22 AFP Kuala Lumpur THICK smoke from Indonesian slash-and-burn farming enveloped Malaysia’s capital and other areas on Sunday, triggering school closures for the following day as weeks of choking haze showed no sign of abating. Pollution readings in Kuala Lumpur soared into the
      AFP  -  457 words
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      Lock icon Thousands evacuated from Taiwan islands as typhoon nears
      373 22 AFP Taipei THOUSANDS of tourists were evacuated from islands off Taiwan on Sunday as super typhoon Dujuan gathered strength on its approach to the island. Taiwan’s weather bureau upgraded Dujuan to a “strong typhoon” its top category on Sunday evening as the
      AFP  -  373 words
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  • TRANSPORT
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      Lock icon Mueller starts damage control as new VW CEO
      854 23 Former Porsche chief replaces Winterkorn and pledges “unsparing investigation and maximum transparency” to restore confidence in group AFP Berlin VOLKSWAGEN’S new boss began trying to pull the embattled carmaker out of the wreckage of a pollution test rigging scandal last Saturday, as
      AFP; PHOTO: BLOOMBERG  -  854 words
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      Lock icon US Airways readies for integration
      1237 23 WP Charlotte, North Carolina ON Oct 17, at 12.01 am, the website of US Airways will go dark. The airline’s reservation system will power down. Hours later, its last flight, a red-eye from San Francisco, will kiss the runway in Philadelphia. With that, US Airways
      WP; PHOTO: BLOOMBERG  -  1,237 words
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      Lock icon Bulky problem for FedEx as online purchases of furniture rise
      738 23 BLOOMBERG Dallas CONSUMERS might delight in the ease of front-door delivery for a mattress, trampoline or gym equipment. FedEx Corp, now handling an increasing number of these bulky shipments, has mixed feelings. As more online shoppers snap up the type
      BLOOMBERG; PHOTO: BLOOMBERG  -  738 words
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      Lock icon SHIPPING TIMES
      1696 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 PG BTM PKL SUR JKT NOBLE SW 1 60 2/10 4/10 SEA CORAL 73 60 8/10 9/10 10/10 14/10 MOUNT AKABOSHI
      1,696 words
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      186 24 Equipment Processing Centre (EPC) within Jurong Port (FTZ) Providing a one-stop solution for all your logistics needs C a l l 8 1 2 1 0 9 6 6 o r e m a i l 2 WA S S I N E P C O p e r a
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  • DINING OUT
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      Lock icon Inspired creations that raise the bar
      1027 25  -  At the new Bacchanalia, the food is the focus of attention. BY JAIME EE IF you’re an unmotivated carrot, the last person you want pulling you out of your earth-filled comfort zone is Ivan Brehm. You may be content to be grated over a
      PHOTOS: JOHN HENG  -  1,027 words
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      308 25 Am .HU b so sommuL bo smssm ,i0 5«uS VERY FAMOUS.VERY DUTCH VERY SMOOTH.VERY RARE met To experience tl)c effect of our beer luithunt luiliiim one. olnnb behind n policeman'® lioroc. lift it® toil, nnb insert on ice-cube. 3n absence of Ijorsc. policeman also can. EM K w W w,
      308 words
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  • LIFE & CULTURE
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      Lock icon Hamilton wins Japanese Grand Prix
      754 26 Briton strengthens grip on 3rd world title, opens 48-point gap over Rosberg with 5 races left AFP Suzuka, Japan LEWIS Hamilton blazed to victory at the Japanese Grand Prix ahead of Mercedes team mate Nico Rosberg on Sunday to strengthen his grip on a third
      AFP; PHOTO: AFP  -  754 words
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      Lock icon Security increased at haj site as death toll from tragedy rises to 769
      733 26 Mecca SAUDI Arabia deployed large numbers of security reinforcements on Saturday as pilgrims performed the final rituals of a haj marred by double tragedy, with the death toll from a stampede rising to 769. The kingdom’s leaders
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      Lock icon Civil war puts a hold on creativity of Libyan artists
      444 26 AFP Tripoli FOUR years after a joyous celebration of the end of censorship with the fall of dictator Muammar Gaddafi, Libyan artists have had to put their creativity back on hold. “We have lost all source of inspiration,” said Marii
      AFP  -  444 words
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      Lock icon Pope wraps up historic US tour in Philadelphia
      607 26 Philadelphia POPE Francis wraps up a six-day historic tour of the United States on Sunday, having electrified Americans with a message of respecting immigrants, protecting the environment and sharing wealth. The 78-year-old head of the Catholic Church will lead a giant, open-air
      PHOTO: REUTERS  -  607 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      360 26 CRYPTIC CROSSWORD Across 1 Woman in charge, a complainer, ruler in muddle (10) 6 Gardener’s son revealed by Somerset House (4) 9 A ben scaled could be construed as this (10) 10 Wise guy, the crossword compiler but not an abstainer (4) 13 Hitting the sack with only a bit
      360 words