The Business Times, 23 October 2014

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Microfilm: NL33269
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Thursday, 23
    29 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    244 1 Kishin RK, who founded property and hotel group RB Capital in 2006, plans to integrate the group’s portfolio of assets with that of his father’s Royal Holdings for a combined value of some S$4.5 billion. TOP STORIES 2 Bad news continues to dog Japan it logs a record
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  • Article
    Lock icon MARKETS
    25 1 Wednesday Change STI Closed KL COMP Closed NIKKEI 22 15,195.77 +391.49 HANG SENG 23,403.97 +315.39 SHENZHEN B 964.97 -2.78 DOW (noon EDT) 16,623.48 +8.67
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  • Article, Illustration
    Lock icon Share traders calling it a day as market volume dries up
    1196 1  -  Average net commission on the decline, slumping to about S$1,000 from around S$6,000 to S$8,000 a decade ago +By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore KISHORE Rochey was a trading representative for 20 years before calling it quits in September
    PHOTO: BLOOMBERG; Source: Singapore Exchange  -  1,196 words
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      294 1 *****1 *****4 HOCK LOCK SIEW Trading China Sky: What’s holding it up? COMPANIES MARKETS 5 EXPAT LIVING ENERGY How Wall Street is killing Big Oil OPINION 26 S'pore is top destination in Asia OFFICE SPACE Asia-Pac market ’cushioned against rate rise’ REAL ESTATE 9 TOP STORIES 4 The L.U.C collection
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  • TOP STORIES
    • Article, Illustration
      Lock icon RB Capital and Royal Holdings eye S$10b asset size by 2020
      1358 2  -  The companies, owned by son and father team, will be integrated over 18-24 months; overseas share of asset size to grow from hotels By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore KISHIN RK, who founded property and hotel group RB Capital
      1,358 words
    • Article
      Lock icon Apec sees heightened downside risks to global economy
      685 2 AFP BLOOMBERG Beijing THE global economy is beset by increasing “downside risks”, Asia-Paci-fic finance chiefs said on Wednesday, a day after growth in China hit a five-year low. The meeting in Beijing of finance ministers from the Asia-Pacific Economic Cooperation (Apec) forum
      AFP; BLOOMBERG  -  685 words
    • Article, Illustration
      Lock icon Drugmakers to work together to develop Ebola vaccine
      640 2 REUTERS London LEADING drugmakers plan to work together to accelerate development of an Ebola vaccine and produce millions of doses of the most effective experimental product for use next year. Johnson Johnson said on Wednesday that it aims to produce at least
      REUTERS; PHOTO: AFP  -  640 words
    • Article
      Lock icon EU may miss setting new green energy goals
      531 2 REUTERS Brussels EUROPEAN Union leaders face hours of haggling as they seek to agree on a new decade of climate and energy policy at talks beginning on Thursday, with nations from Poland to Portugal threatening to block a deal. If the EU
      REUTERS  -  531 words
    • Article, Illustration
      Lock icon Japan trade gap hits record 5.4t yen
      746 3  -  First-half deficit deals double blow to Tokyo as it had just lowered the forecast for its economy for 2nd straight month By Anthony Rowley btworld@sph.com.sg Tokyo BAD news continued to dog Japan’s embattled economy as it was announced on Wednesday that the nation
      PHOTO: AFP  -  746 words
    • Article
      Lock icon S’pore consumer confidence dips in October: ANZ-Roy Morgan
      380 3  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FALTERING confidence over next year’s financial conditions pulled down the ANZ-Roy Morgan Singapore Consumer Confidence Index in October, the Australian bank said on Wednesday. The index fell 0.5 point from a month ago to 120.2 points
      380 words
    • Article, Illustration
      Lock icon Singapore top destination in Asia for expats
      456 4  -  HSBC survey also ranks the city-state No 2 in the world after Switzerland for expat living By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore JUST after Lonely Planet picked Singapore as the top tourist destination for next year, the city-state on Wednesday was cited by
      FILE PHOTO  -  456 words
    • Article
      Lock icon Tata adapts, comes up with own business excellence model
      582 4  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore A NON-PRESCRIPTIVE business excellence model that is equally applicable to both the manufacturing and service sectors. That, in essence, was what the Tata Group wanted when it set out in search of a model that
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      24 2 The Oaks Cellars Shop Online Collection Bellenum It s A 'Discovery OAKS Chassagne Montrachet Verger Premier Cm 2005 SINGAPORE www.0aks.c0m.sg Usual: S$168 00 Now;S$116.00
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      119 3 V ‘I THINK THE DURATION OF AN HOUR SHOULD BE A PERIOD OF PLAY. IT SHOULD BE A CELEBRATION FOR THAT ONE SPECIFIC HOUR IN LIFE AND SO YOU SHOULD HAVE SOMETHING ON YOUR WATCH, SOMETHING EXCITING, THRILLING AND ENGAGING TO REPRESENT IT.” C'/ URWERK ZURICH/GENEVE THE HOURGLASS SINGAPORE PARAGON
      119 words
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      146 4 An initiative by: TRIPARTITE COMMITTEE ON WORK-LIFE STRATEGY 72% of global businesses reported increased productivity as a direct result of flexible working practices; V m ♦rf. -y Vr* < BOOST YOUR EMPLOYEES’ PRODUCTIVITY AT WORKUFEWEEK.SG Be amazed at how making small changes to your HR practices can make a big
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      28 4 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SGX: Market is stronger, even if not more active
      689 5  -  CEO Magnus Bocker and head of sales and clients Chew Sutat point to integrity of the market and the ease of raising capital By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange’s top brass are on a mission to counter what they
      689 words
    • Article
      Lock icon Trading China Sky: What’s holding it up?
      727 5  -  TT HOCK LOCK SIEW BY CONRAD RAJ T The writer is a former BT senior correspondent IT has been nearly three long years since trading in the shares of China Sky Chemical Fibres was suspended. But the company’s shareholders continue to suffer from
      727 words
    • Article
      Lock icon Euro hits week low on growth, banking woes
      422 6 TT CURRENCIES REUTERS London STERLING and the euro suffered in another choppy day on currency markets on Wednesday, the single currency trading briefly below US$1.27 for the first time in a week after a news report that raised concerns over European banks.
      REUTERS  -  422 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 6 Oct 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 5.392 0.687 6.835 53.998 105.666 0.939 9.288 2.874 1.102 90.643 39.420 1.119 9.671 0.829 26.774 28.411 0.545 0.881 Canada 1.009 5.441
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 6
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      • Article, Illustration
        Lock icon NIKKEI
        1 6
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 6
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      • Article, Illustration
        Lock icon DOW JONES
        2 6
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 6 Oct 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1183 1.1189 0.8810 0.8812 Canadian dollar 1.1283 1.1293 0.8894 0.8889 Euro 1.6276 1.6285 1.2823 1.2825 NZ dollar 1.0148 1.0160 0.7995 0.8001 Sterling pound 2.0514 2.0526 1.6162 1.6165
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 6 Oct 21 S$ Bid Offer 1-month 1.2693 1.2698 2-months 1.2693 1.2698 3-months 1.2693 1.2699 6-months 1.2692 1.2698 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        368 6 Oct 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.29 *****.29 *****.84 Dec14 *****.00 *****.00 *****.00 *****.00 *****0 *****3 Mar15 *****.00 *****.00 *****.00 *****.00 52 742 MSCI TAIWAN INDEX FUTURES SPOT 319.97 320.46 318.89 Oct14 320.40 320.80 318.60 318.80 ***** *****4 Nov14 319.60
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        216 6 Most active Oct 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left TIH Limited W*****9 0.6 0.1 ***** 1 128 31 OLS Enterprise W*****5 0.3 unch ***** 1 1 18 3.67 34 DBS MB eCW*****6 8.9 0.6 5640 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 6 In local curr In S$ In US$ dy yr dy yr dy yr Oct 21 Index Change Change Change Change Change Change World Preliminary 1198.5 1.3 1.2 1.3 -0.2 1.3 -0.9 EAFE Preliminary 921.3 1.0 -3.7 0.9 -7.3 0.9 -8.0 Europe Preliminary 1312.8 1.9 -3.1
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 6 Oct 21 $S Offer Bid 0vernight 0.12 0.08 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.08 US$ 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 6 Oct 21 (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
        63 6 Oct 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.2 5-Year N*****0H 1.625 01-Oct-19 101.15 101.25 101.25 10-Year NY*****H 3.000 01-Sep-24 106.73 106.95 106.90 15-Year NY*****E 2.875 01-Jul-29 102.96 103.15 103.00 20-Year NZ*****V 3.375 01-Sep-33 108.9 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 6 Oct-21 Price Net change change Last Trade Agricultural Oct-21 CBOT Soybeans (US cents/bu) 964.25 20.00 2.12% 14/11/2014 CBOT Soybean Oil (US cents/lb) 31.76 0.06 0.19% 12/12/2014 CBOT Wheat (US cents/bu) 519.25 5.75 1.12% 12/12/2014 Oct-21 LIFFE Cocoa (£/tonne) 2023.00 -5.00 -0.25% 12/12/2014 LIFFE Coffee (US$/tonne) 2046.00 -3.00 -0.15%
        212 words
      • Article
        Lock icon PALM OIL
        57 6 OCt 21 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2152.0 2159.0 2160.0 2149.0 388 5186 Dec 14 2130.0 2142.0 2147.0 2129.0 9208 ***** Jan 15 2127.0 2135.0 2141.0 2125.0 ***** ***** Feb 15 2131.0 2136.0
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    • Article, Illustration
      Lock icon Statement of Support: 92 companies have backed it so far
      624 7 A key feature of the SIAS 5th Singapore Corporate Governance week 2014 is the Statement of Support by corporates to uphold and advance good corporate governance standards CORPORATE GOVERNANCE Singapore THE Securities Investors Association (Singapore) is holding the 5th Singapore
      624 words
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      373 5 is few i I m kf i lOTilv Investing for the present MStUM Planning for the future m* fflglR m rawwHh jijWljlA w'.u'vVV/'<SVa\ > Your wealth grows with the right partner As someone who appreciates value, you will know that wealth takes time to accumulate. Which is why as a
      373 words
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      383 7 Today’s markets move fast. m J «|K£ ‘Mrwdk V Financial District, New York. Make sure you keep up. Don't miss out. Talk to your advisor about a UBS Investment Mandate. Benefit from the expertise of more than 900 analysts, economists and strategists around the globe, 24 hours a day. You
      383 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Asia-Pac office market ‘cushioned against rate rise’
      806 9  -  Cushman Wakefield also sees rent upside in Tokyo, Singapore and Jakarta By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GREATER diversification of tenant mix, positive economic fundamentals and continued business expansion are seen propping up the office sector in Asia Pacific, offering a buffer from
      PHOTO: REUTERS  -  806 words
    • Article, Illustration
      Lock icon Malaysians widen lead over Chinese as top private home buyers
      1023 10  -  They account for about 29% of Q3 purchases made by PRs and foreigners, against the latter’s 26% By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE gap between the top two nationalities of private home buyers among foreigners and PRs widened in
      Source: URA REALIS, October 15, 2014, DTZ Research  -  1,023 words
    • Article
      Lock icon Home Retail to shut 25% of its Homebase chain stores
      228 12 REUTERS London HOME Retail, Britain’s biggest household goods retailer, has said that it will close a quarter of its Homebase home improvement stores by 2018 as it prioritises the development of its main Argos chain. The group said on Wednesday
      REUTERS  -  228 words
    • Article, Illustration
      Lock icon Developer fights apartheid legacy with Cape Town vision
      930 12 The Wescape project with schools, factories, clinics, university, could become a development model BLOOMBERG Cape Town DAVID Pearson has a vision: a new community of 800,000 bigger than Boston complete with factories, schools, clinics and a university that will help erase the
      BLOOMBERG; PHOTO: BLOOMBERG  -  930 words
    • Article
      Lock icon Ireland’s annual home prices up 15%
      170 14 REUTERS Dublin IRELAND’S residential property prices at a national level increased by 15 per cent in the year to September, according to official figures on Wednesday. This compares with an increase of 14.9 per cent in August and an increase of 3.6 per cent
      REUTERS  -  170 words
    • Article, Illustration
      Lock icon Fragrance Court up for en bloc sale
      338 14  -  The 38,220 sq ft freehold Pasir Panjang site is zoned for residential purposes By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FRAGRANCE Court has been put up for collective sale at a reserve price of S$70 million, about S$1,235 per square foot per plot ratio,
      PHOTO: CBRE  -  338 words
    • Article
      Lock icon German firm’s IPO gets weak response so far
      240 14 REUTERS Frankfurt GERMAN property company TLG Immobilien still has not attracted enough investors for its planned stock market listing, with two days to go before the offer deadline, several sources familiar with the transaction told Reuters. A spike in market volatility in
      REUTERS  -  240 words
    • Article, Illustration
      Lock icon Airbnb alternative to NY hotels runs into a bit of a snag
      989 15 NYT New York ADRIEN Marlault, a Parisian businessman and avid runner, has stayed at hotels in the past when running marathons in Berlin, Rotterdam and Rome. But for this year’s New York City Marathon, he is taking a
      NYT; PHOTO: BLOOMBERG  -  989 words
    • Article, Illustration
      Lock icon Los Angeles changes a rule to dream of sky-high spires
      1347 16 LA Fire Dept agrees to drop helipad requirement for high-rise buildings NYT Los Angeles THE downtown streets of Los Angeles these days are teeming with restaurants, music clubs, boutique hotels, sparkling new buildings and people, lots of people swirling evidence
      NYT; PHOTO: BLOOMBERG  -  1,347 words
    • Article
      Lock icon Househunt
      1430 16 Property transactions for districts 2 to 28 with contract dates between Sept 10 and Sept 16,2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED 76 Shenton Apt 11/09/2014 99 969 1150 1187 The Arris Apt 15/09/2014 FH 667
      1,430 words
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      80 9 Grace Court Akihabara Chiyoda-ku 3-min walk from Akihabara Station Site area: 167 sq m Floor space: 1,072 sq m Total 23 units; FREEHOLD 95% occupancy Asking Price USD 7,838,000 Casa Splendido Toranomon Estate Minato-ku 2-min walk from Onarimon Station Site area: 219 sqm Floor space: 1,438 sq m Total 52
      80 words
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      105 9 WE ARE Driven to outperform United in our commitment to serving investors Guided by our time-tested investment process Singular in our mission to protect and enhance our clients' assets PIMCO Ufa M r Andrew Balls CIO Global Fixed Income Mark Kiesel CIO Global Credit Daniel Ivascyn Group CIO Virginie Maisonneuve
      105 words
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      156 10 NEW ZEALAND OFFICE BUILDING FOR SALE Make New Zealand your investment destination, no Capital Gains Tax** and no stamp duty. Net income: $4,136,296 pa* WALT: 5.25 years Total NLA: 16,285sqm* Significant refurbishment: 2012* Yield: 8.25%* CBRE Agency License No: L*****63I Michael Roberts CEA Reg No: R*****9C 65 6224 8181 michael.roberts@cbre.com.sg
      156 words
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      196 10 FREEHOLD DEVELOPMENT SITE 200M FROM MRT STATION FUTURE GREATER SOUTHERN WATERFRONT CITY _A Pasir Panjang MRT Station Pasir Pan J an 9 Food Court To City COAST HIGHWAY. P .x. fa Site area 3,550.8 sq m approximately 38,220 sq ft Masterplan zoning “Residential” at Plot Ratio 1.4 Seamless Connectivity 200m
      196 words
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      71 10 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices For Lease Robinson Point Flexible sizes Fitted /Bare 455 465 617 1155 1820 2123 4141 5640 7556 sqft Great sizes Fitted /Bare 8,288 15,112 15,844 23,400 sqft High floor with unblock view Beautifully fitted/bare
      71 words
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      422 12 FOR SALE BY TENDER Address 35 Tuas View Crescent, Singapore *****8 Description A part 1/part 3-storey detached factory Tenure JTC 30 years 30 years from 1 December 1999 Land Area Approx. 15,998.80 sqm (172,209.48 sqft) Gross Floor Area Approx. 16,538.20 sqm (178,015.53 sqft) Master Plan Zoning Business 2 with a
      422 words
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      368 14 Q-, V. r A h a <s Marina Edge V_J «> Oceanfront Apartments J»sr% pSb DM I i ill Jk i i IS Computer genera uter gen EXHIBITION Saturday 25 th Sunday 26 th October 2014 (11am 7pm) Shangri-La Hotel Orchid Suite, Level 2, 22 Orange Grove Road, Singapore *****0
      368 words
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      17 14 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
      17 words
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      152 15 NEW ZEALAND OFFICE BUILDING FOR SALE Make New Zealand your investment destination, no Capital Gains Tax** and no stamp duty. Potential passing income: $3,742,736 pa* WALT: 6 years* Total NLA: 10,675.1 sqm* Significant refurbishment: 2014* Parking Bays: 138* CBRE Agency License No: L*****63I Michael Roberts CEA Reg No: R*****9C 65
      152 words
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      577 15 FOR SALE Address 27 Changi South St 1, Singapore *****1 Description A purpose-built 3-storey detached factory with ancillary office Tenure JTC Leasehold 30 30 years from 1 September 1999 Land Area approx. 5,003.30 sqm (53,855 sqft) Gross Floor Area approx. 4,966.53 sqm (53,459 sqft) Master Plan Zoning Business 2 with
      577 words
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  • BANKING & FINANCE
    • Article
      Lock icon Crisis capital: US$100b shortfall at Japan banks
      839 17 Big Three may have to issue new debt to meet target under proposed global rules BLOOMBERG Tokyo JAPAN’S three biggest banks may need to raise as much as about US$100 billion of capital that can be written down in a crisis to meet
      BLOOMBERG  -  839 words
    • Article, Illustration
      Lock icon Jamie Dimon says cancer hasn’t changed his JPMorgan plans
      534 17 BLOOMBERG New York JPMORGAN Chase Co chief executive officer Jamie Dimon said that cancer hasn’t altered his plans to keep working even as he looks towards a retirement that he hopes would include philanthropy and teaching. “It’s terrifying to hear” you
      BLOOMBERG; PHOTO: BLOOMBERG  -  534 words
  • Page 17 Advertisements
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      119 17 GROWING FROM STRENGTH TO STRENGTH “From small seeds, mighty oaks grow.” Great things come from humble beginnings. Our journey has not always been smooth, but with unwavering persistence and perseverance, we have overcome the challenges to grow sturdily into a recognised brand. As we add another feather to our cap
      119 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Abe’s bid to set up national power grid stumbles
      960 18 The grid company, which is set to start operations next April, does not have full power to make and implement plans REUTERS Tokyo AFTER the Fukushima disaster crippled Japan’s nuclear energy sector three years ago, the government pledged the biggest shake-up
      REUTERS; PHOTO: REUTERS  -  960 words
    • Article
      Lock icon Shrewd cost-cutter Patrick Pouyanne is Total’s new CEO
      598 18 REUTERS Paris FRENCH oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week. Mr Pouyanne, 51, head of refining, had been considered a possible
      REUTERS  -  598 words
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      470 18 Cl Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST B 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
      470 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon IDA arm opens London office
      564 19  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IT takes a kampung to raise a child and it takes an ecosystem not bound by geography to raise a startup, according to Hugh Mason, chief executive officer of Singapore-based accelerator JFDI. And Infocomm Investments Pte Ltd (IIPL) the
      564 words
    • Article
      Lock icon Vendors come under scrutiny following Wall St cyberattacks
      1125 19 They may be required to inform their bank customers of the strength of their defences NYT New York RECENT huge cyberattacks on JPMorgan Chase and a dozen other financial institutions are accelerating efforts by US federal and state authorities to push banks
      NYT  -  1,125 words
  • Page 19 Advertisements
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      296 19 Fujitsu recommends Windows. FUJITSU Stay Informed. Stay Secured. CLEARSURE. WHAT IS FUJITSU CLEARSURE SOLUTION? Latest Mobile Device Management (MDM) solution focusing on Data Leak Protection (DLP) Disaster recovery solution against internal threats, lost or stolen mobile devices Remote System Lock I Data-wipe device in power-off state System lock or data-wipe
      296 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Sony’s CEO still faces challenges even with activist investor’s exit
      768 20 Loeb’s exit removes an annoyance but Sony’s turnaround effort yet to show much progress BLOOMBERG Tokyo ACTIVIST investor Daniel Loeb’s sale of his Sony Corp stake removes an annoyance for chief executive officer Kazuo Hirai. But the bigger challenges aren’t
      BLOOMBERG; PHOTO: AFP  -  768 words
    • Article
      Lock icon Caesars Entertainment eyes US$1b casino resort in Manila
      520 20 BLOOMBERG Hong Kong CAESARS Entertainment Corp, the largest operator of US casinos, is seeking a licence from the Philippine government to build a US$1 billion resort in the country, betting on luring gamblers from across Asia. Chairman Gary Loveman and Steven Tight,
      BLOOMBERG  -  520 words
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      70 20 Great Music. Great Fun. True Class. f-* f i .mt kiss92 All the great songs in one place Maddy, Jason Arnold In The Morning Weekdays 6;00am 10;00am i I p Claressa Monteiro Weekdays 10:00am- 2:00pm m m Si ■■WT.TTc,. fi v m mm..... if. >• it. Desiree Lai Weekdays 2:00pm-
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  • TRANSPORT
    • Article
      US to process Ebola-area travellers in 5 airports
      689 21 Restrictions on passengers from Liberia, Sierra Leone or Guinea are meant to prevent further cases in the country REUTERS New York THE United States ratcheted up its safeguards against Ebola on Tuesday, requiring travellers from three countries at the centre of an
      REUTERS  -  689 words
    • Article, Illustration
      US transport stocks surge on cheap oil
      673 21 BLOOMBERG New York THE biggest transport-stock rally since 2011 is driving a turnaround in US equities, with stocks from JetBlue Airways Corp to Ryder System Inc rallying four times as fast as the market on optimism about cheap oil. After falling 11 per
      BLOOMBERG; PHOTO: AFP  -  673 words
    • Article, Illustration
      Budget carriers now eye aircraft-leasing business
      992 22 They set sights on new revenue stream after having ordered record numbers of planes REUTERS Paris FROM Scandinavia to South-east Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Now they plan to lease out scores of
      REUTERS; PHOTO: AIRASIA  -  992 words
    • Article
      Iata sees 4.1% growth over 5 years for airfreight sector
      450 22 REUTERS Berlin THE outlook for airfreight demand is improving after several years in the doldrums, the International Air Transport Association said on Wednesday. The industry body said that international freight volumes, an indicator of global trade demand, are expected to
      REUTERS  -  450 words
    • Article
      Technology clouds future of America’s transportation
      627 22 Forum discusses importance of investing in the country’s tattered infrastructure WP Washington ASK a transportation expert what America needs right now and you’ll get a fairly simple answer: better roads and bridges, enhanced public transit and improved railway lines, ports and airports. Ask a
      WP  -  627 words
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      363 21 The London Eye EXCLUSIVE EXHIBITION 25 26 OCTOBER 2014 ~SATURDAY SUNDAY~ 11AM 7PM FOUR SEASONS HOTEL, WINDOWS WEST ROOM, 20/F 190 Orchard Boulevard, Singapore *****6 The Shard The River Thames The City Ranelagh Gardens Chelsea Barracks Chelsea Bridge Canary Wharf Ba~ersea Power Sta~on HEATHROW AIRPORT 38MINS KNIGHTSBRIDGE 9MINS VICTORIA 2MINS
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      34 22 BULL RUN The Modi factor in India’s stock market boom Geethu Mohandas’ debut film gets picked for Oscars GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      429 22 Course Objective In the present confusing economic and financial scenario characterized by volatilestock markets and even more volatilestock price movements, you need to have an advantage in stock trading. Technical Analysis will give you that winning advantage in stock transaction timing! Amidst the market uncertainties, it is now an ideal
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      47 22 REDEFINING IDEAS 4 printpack+sign Singapore’s printing, packaging signage business exhibition ftj H? >4 l« wy.wiij, M s A mm 29-31 JULY 2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.coiri.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF S|£l
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  • GOVERNMENT & ECONOMY
    • Article
      China to let world in on improved jobs barometer
      784 23 The more comprehensive jobless rate will be released very soon, says the country’s national statistics bureau BLOOMBERG Beijing CHINESE Premier Li Keqiang has an insider’s knowledge on the strength of the world’s second-largest economy that helps him determine when stimulus is
      BLOOMBERG  -  784 words
    • Article
      Fears of tougher penalties grow as India cleans up business
      675 23 REUTERS Mumbai AN UNPRECEDENTED ban on India’s largest property developer from tapping capital markets has fuelled expectations of tougher penalties ahead, as the country’s regulators feel emboldened to take on even companies long sheltered by political connections. The result has
      REUTERS  -  675 words
    • Article, Illustration
      Critic of BOJ chief’s ‘monetary shamanism’ turns up the volume
      741 23 More academics, ex-policymakers now agree with him that Kuroda’s QQE policy relies too much on psychology REUTERS Tokyo IZURU KATO is a soft-spoken and bookish economist, but his dismissal of the Bank of Japan’s (BOJ) stimulus policy as “monetary shamanism”
      REUTERS; PHOTO: REUTERS, AFP  -  741 words
    • Article
      RBI may make hedging mandatory for Indian firms to cut currency risks
      562 23 REUTERS Mumbai ALARMED at the currency risks that Indian companies are running on their books, the central bank may consider making hedging mandatory if banks cannot persuade their corporate customers to seek protection, several market sources told Reuters.
      REUTERS  -  562 words
    • Article
      Investors seeking delay to Hong Kong-Shanghai stock tie-up
      471 24 They say trading not possible next week because of uncertainty over technical issues and taxation concerns REUTERS Hong Kong SOME of the world’s biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading
      REUTERS  -  471 words
    • Article, Illustration
      CPI up 0.1% as inflation stays muted
      527 24 LATEST US DATA BLOOMBERG Washington THE cost of living in the US barely rose in September, leaving inflation below the Federal Reserve’s goal as fuel prices plunge this month. The consumer rice index climbed 0.1 per cent after decreasing 0.2 per cent in
      BLOOMBERG; PHOTO: AFP  -  527 words
    • Article
      Jokowi drops 8 names from Cabinet list after vetting
      371 24 BLOOMBERG Jakarta INDONESIA’S new President Joko Widodo has dropped eight candidates for his Cabinet that failed a screening by the country’s anti-graft agency, delaying the formation of his government as he seeks replacements. The Cabinet will be announced soon, Mr Joko,
      BLOOMBERG  -  371 words
    • Article
      Hungary plans new tax on Internet traffic
      672 25 Move could hit internet, telecoms providers and their customers hard; protest grows in online community REUTERS Budapest HUNGARY plans to impose a new tax on Internet data transfers, a draft 2015 tax bill submitted to parliament late on Tuesday showed, in a move
      REUTERS  -  672 words
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      Juncker gets the green light for his new team
      624 25 AFP Brussels THE European Union’s (EU) incoming chief executive, Jean-Claude Juncker, won the approval of Parliament on Wednesday for his new team of commissioners after vowing to revive the stagnant economy and tackle a raft of foreign policy challenges. Lawmakers at
      AFP; PHOTO: AFP  -  624 words
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      376 23 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF WION PTE. LTD. Company Regn No *****1610R (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before
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      172 24 .comdirectory YOURGANGWAY COMINGSOON! TOAN OCEANOFBUSINESSOPPORTUNITIES! The Business Times/Shipping Timesis opening up an exciting new “trade route” for businesses catering to the maritime, shipping and related industries with the upcoming launch of its Maritime And Shipping Directory. Here’s how this new advertising platform can help your business make a splash in
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      3 24 www.omy.sg showbiz.omy.sg Bonnie
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  • OPINION
    • Article
      Cheaper oil could be big plus for global economy
      594 26 EDITORIAL ONE of the most striking economic trends of the last three months together with volatile stock markets has been the sharp decline in oil prices. What has caused this phenomenon, what are its likely repercussions and, if it continues, who
      594 words
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      Whatever debt’s virtues, it has its limits
      850 26  -  TT THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington SIX years after the onset of the financial crisis, the world still has too much debt. The total in 2013, according to the McKinsey Global Institute, came to about US$186
      THE WASHINGTON POST WRITERS GROUP  -  850 words
    • Article, Illustration
      How Wall Street is killing Big Oil
      1357 26  -  Investors effectively driving the majors into liquidation; global dominance shifts to emerging markets. BY DEEPAK GO PI NATH markets.BY DEEPAK GOPINATH T The writer is an independent economist based in New Delhi. This article is reprinted with permission from YaleGlobal Online (http://yaleglobal.yale.edu), a
      PHOTO: AFP  -  1,357 words
    • Article
      On the road to smart public transportation
      905 27  -  COMMUTER MOBILITY By Lee Won-Joon T The writer is managing director of automotive, industrial equipment, infrastructure, transportation, Asia-Pacific at Accenture EFFICIENT transportation systems that enable people to move easily for work or leisure are critical in today’s modern society. People are constantly on
      905 words
    • Article
      How to survive disruption in new corporate world
      821 27  -  By Cheung Pui Yuen, Lee Tze Shiong T The writers are regional managing partner and director, respectively, in the assurance and advisory services practice at Deloitte Singapore ORGANISATIONS today not only have to stay ahead of their known competitors in the marketplace,
      821 words
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      Global recovery: this time it’s different
      1256 27  -  Seeing the economy through the prism of yesterday’s parameters no longer applies. BY JOERGEN OERSTROEM MOELLER BY JOERGEN OERSTROEM MOELLER T The writer is visiting senior research fellow at the institute of Southeast Asian studies, Singapore, and adjunct professor at Singapore Management University and
      PHOTO: REUTERS  -  1,256 words
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  • Article
    Shipping times
    1064 28 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville KMTC Mumbai 1402E 23 Sep 07 Oct 24 Oct 27 Oct 30 Oct 01 Nov 04 Nov 05 Nov 07 Nov 10 Nov 10 Nov 14 Nov
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      122 28 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE the business times Shipping times Publicise Your Del iver y O Newbuilds £2 or r S. Come publicise your Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image, Corporate Developments and Company
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  • LIFE & CULTURE
    • Article, Illustration
      Williams embarrassed by straight sets loss to Halep
      611 29  -  Halep defeats a Top 3 player for the first time in her career, on brink of semi-finals WTA SINGAPORE By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore BEFORE her arrival in Singapore last week, Simona Halep had never once beaten any tennis player ranked
      PHOTO: REUTERS  -  611 words
    • Article
      Battle for survival among Japan hospitals lures health funds
      395 29 They are anticipating demand for cash to renovate outdated facilities BLOOMBERG Tokyo WITH an ageing population that’s already the world’s oldest, Japan might be a good place to build more hospitals. Instead, it’s shutting them down. More than 300 medical institutions
      BLOOMBERG  -  395 words
    • Article
      Mining moving away from all-boys’ club mentality
      688 29 BLOOMBERG Melbourne THE e-mail Jacqui McGill received from one of her teams at a BHP Billiton coal mine in northern Australia contained great news: output delays were down 75 per cent in a year. That wasn’t the only reason she let out a
      BLOOMBERG  -  688 words
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  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      316 29 CRYPTIC CROSSWORD Across 1 One provides indicator untangling unknown expression (10) 6 Drawing and painting, say, topless characters (4) 9 Changed around opening then streaked (10) 10 Passionate over great singer (4) 12 Record’s after live electronic sound (4) 13 Sparkling Blue Nile flowing by Tana originally (9) 15 Non-member
      316 words
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      357 30 Stay Ahead In Style with The Business Times THE BUSINESS TIMES THE BUSINESS’I IMES X. THE BUSINESS TIMES may curb 2014 growth Subscribe to The Business Times ALL-IN-ONE package and receive gifts worth more than $700! 28.65 /month Ermenegildo Zegna Ermenegildo Zegna Tie 100% pure silk tie worth $310 (LIMITED
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