The Business Times, 27 October 2014

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Total Pages: 31
1 32 The Business Times
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  • Title Section
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    28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O n@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Monday, 27
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  • Article, Illustration
    Lock icon TT DAILY DIGEST
    238 1 Almost a week after hundreds of thousands lined the streets of Jakarta to cheer him on his inauguration day, Indonesia’s newly minted president, Joko widodo, has finally unveiled his Cabinet. TOP STORIES 2 Roughly one in five of the eurozone’s top lenders failed landmark health checks at
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,222.55 +54.82 KL COMP 1,818.86 +30.55 NIKKEI 225 15,291.64 +759.13 HANG SENG 23,302.20 +278.99 SHENZHEN B 957.87 -9.35 DOW 16,805.41 +425.00
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  • Article, Illustration
    Lock icon Doubts over S’pore’s restructuring push
    1360 1  -  While the costs are clear, the benefits are still clouded; economists say policy fine-tuning is necessary By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore IT’S an uncomfortable question that’s being asked. With heightened costs and yet unclear benefits, whether Singapore’s economic restructuring policy is working out
    BT Graphics: Teh Sni Ning, Ludwig Ilio; Source: Department of Statistics, Ministry of Trade and Industry  -  1,360 words
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      233 1 *****4 TOPLINE ASIA’S RESPONSE Keeping Ebola at bay VIEWS FROM THE TOP 14 15 BNP Paribas Asia Pac strategy on track: CEO COMPANIES MARKETS 6 NEW CHEF Dishing out high-quality hawker fare MARKET TURBULENCE Stronger US$ causing volatility YOUNG INVESTORS’ FORUM 18 DINING OUT 30 BUDDY CHECK JEALOUS. Aquatimer Chronograph
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  • TOP STORIES
    • Article, Illustration
      Lock icon Jokowi unveils Cabinet; next move a delicate balancing act
      590 2  -  The new portfolios include, for the first time, a coordinating ministry of maritime affairs By Jeffrey Hutton btworld@sph.com.sg Jakarta ALMOST a week after hundreds of thousands lined the streets of Jakarta to cheer him on his inauguration day, Indonesia’s newly minted
      PHOTO: AFP; Photos: AFP, Reuters  -  590 words
    • Article, Illustration
      Lock icon GDP growth, Fed policy and profit reports to decide bull-bear bout
      892 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg THIS week should decide the epic October battle between bulls and bears as verdicts on third-quarter economic growth, Federal Reserve policy and corporate earnings all hit the tape. US stocks rallied last
      PHOTO: AFP  -  892 words
    • Article
      Lock icon Eurozone’s top lenders that failed ECB test have plugged capital holes
      657 2 REUTERS Frankfurt ROUGHLY one in five of the eurozone’s top lenders failed landmark health checks at the end of last year, but most have since repaired their finances, the European Central Bank (ECB) said on Sunday. The ECB found
      REUTERS  -  657 words
    • Article, Illustration
      Lock icon Adjustment pains for construction sector
      758 4  -  More payment issues along with major infrastructure project delays due to cost overruns and a shortage of skilled manpower with foreign worker curbs By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore AS manpower shortage and higher operating costs pound away, the construction sector is undergoing tough times.
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    • Article, Illustration
      Lock icon Aspial’s CEO running for board seat at LCD Global
      688 4  -  HK billionaire Anson Chan expresses support for the ‘savvy businessman’ AGM WATCH By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASPIAL Corporation chief executive Koh Wee Seng, the second largest shareholder of LCD Global Investments, is seeking a board seat at LCD at
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    • Article, Illustration
      Lock icon Citi’s car loan scheme not game changer
      671 4  -  Dealers have upper hand in vehicle-finance market with packages and freebies NEWS ANALYSIS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CITIBANK’S latest salvo in the car loans business might seem like a valiant attempt to rid the middlemen on behalf of the customer. But
      FILE PHOTO  -  671 words
    • Article, Illustration
      Lock icon Williams demolishes Halep for 3rd straight crown
      554 5  -  World No 1 takes sweet revenge for her ‘bagel set’ defeat by the Romanian last Wednesday WTA SINGAPORE By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore HER participation in the tournament was in doubt days before the opening ceremony. Rocked by illness and a knee
      PHOTO: REUTERS  -  554 words
    • Article
      Lock icon Play it right, and they will come
      707 5  -  COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT WAS just after lunchtime on a blisteringly hot Thursday afternoon, a regular work day, but that didn’t stop thousands of people from making their way to the Singapore Indoor Stadium in Kallang. Inside the air-conditioned
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      187 2 KPMG cutting through complexity KPMG Banking Risk Regulations Conference 2014 Regulatory pressures together with challenges posed by the global economic environment and new market entrants are reshaping the way financial institutions formulate their strategies, business models and operating structures. Join us at the KPMG Banking Risk Regulations Conference 2014 to
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      406 4 I Financial Reporting Update I Are you ready for the changes? The suite of consolidation standards came into effect for the current year i.e., financial years beginning on or after 1 January 2014 along with other significant developments in financial reporting standards. The International Accounting Standards Board has also issued
      406 words
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      103 4 .ASTANA ALMATY •w Seoul Beijing Bangkok' Kuala Lumpur* Hong Kong Ho Chi Minh Beijing Almaty ■4 1 5 times a week Beijing Astana 2 times a week Seoul Almaty 3 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Hong Kong Almaty Ho
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      42 5 The leading Swiss private banking group. Since 1890. www.juliusbaer.asia Julius Baer is present in over 40 locations worldwide. From Hong Kong, Shanghai, Singapore, Dubai, Moscow, Milan, Monaco, Frankfurt, London, Guernsey, Nassau and Montevideo to Geneva, Lugano, St. Moritz and Zurich (head office).
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon BNP Paribas Asia-Pacific’s strategy bearing fruit
      958 6  -  Bank is confident its revenues from the region are on track to meet or even exceed expectations, says CEO.BY SIOW LI SEN TTTOPLINE CEO.BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT EVEN though there is some pessimism that Asia-Pacif-ic growth is slowing faster than expected amid
      PHOTO: ARTHUR LEE; Source: BNP Paribas  -  958 words
    • Article, Illustration
      Lock icon Judging the true independence of a director
      818 6  -  IDs should be ready for shareholders’ questions at AGMs; greater scrutiny will motivate them to take their role more seriously. BY ADRIAN CHAN BY ADRIAN CHAN T The writer is the first vice-chairman of the Singapore institute of Directors IT is widely recognised
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    • Article
      Lock icon Heavy buys, no sales by directors
      1649 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd THE insider sentiment was positive with heavy buys and no sales by directors based on filings on Singapore Exchange during the holiday-shortened week of Oct 20 to 24. A total
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    • Article, Illustration
      Lock icon Investors look to stock exchanges to tap African growth
      791 8 These bourses offer African firms a means to access western capital in a stable, transparent environment AFP Paris FACING subdued growth at home, a growing number of Western investors are now looking to Africa’s “frontier markets” for high returns and hoping
      AFP; PHOTO: REUTERS  -  791 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1254 8 Payment Ex Rec Pay Ann (cts) date date date date Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMS Property ag 0.109 26-Sep 30-Sep 19-Dec 23-Sep Amtek Engg ak 1.000 03-Nov 05-Nov 20-Nov 29-Aug Ascendas Reit ag 7.300 29-Oct 31-Oct 28-Nov 24-Oct Ascendas Reit ES (Oct-Nov 2014)
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    • Article
      Lock icon PRIME LENDING RATES
      261 8 Oct 24 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Bank of Singapore ...5.50 Chang
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1541 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 3 10.09 14.43 1.55 1.46 ARA Asset Management Ltd 2.00 1.75 4 9.78 17.14 1.99 1.68 Ascendas Hospitality Trust Mgt
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    • Article, Illustration
      Lock icon STI / Catalist
      64 9 STI Catalist WEEKLY Straits Times index Oct 24,2014 3,222.55 +54.82 (+1.73%) Current streak 1 day Week high 3,238.00 Week low 3,149.91 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Oct 24,2014 789.71 +3.64 (+0.46%) Current streak 3 days Week high 796.21 Week
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    • Article, Illustration
      Lock icon Volatility is back as worry replaces complacency
      607 9  -  TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER several months of no volatility in the major indices, it looks like markets are making up for lost time. Over on Wall Street for example, the Dow Jones Industrial Average this month has undergone nine sessions
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      Lock icon STI / FTSE ST All-Share
      36 9 STI FTSE ST All-Share WEEKLY ftse ST All-Share index Oct 24,2014 780.58 +14.14 (+1.84%) Current streak 1 day Week high 782.81 Week low 762.44 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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      Lock icon STI / MSCI EAFE
      34 9 STI MSCI EAFE WEEKLY MSCI EAFE index Oct 24,2014 1,778.62 +41.11 (+2.37%) Current streak 6 days Week high 1,782.44 Week low 1,709.04 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 Prices mixed on global growth outlook
      714 9 COMMODITIES AFP London RAW material prices endured a mixed week as investors tracked the outlook for global economic growth and the Ebola virus outbreak. I OIL Oil prices headed back towards mul-ti-month low points in volatile trading, pressured by a crude oversupply and weak
      AFP  -  714 words
    • Article
      Lock icon STI STOCKS
      309 9 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 cd +5 232/223 250 206 6.2 5786.2 CapitaLand 305 +9 305/293 348 268 15.3 2.6 *****.5 CapitaMall Trust 195 xd +3.5 199.5/192.5 209 180 5.3 6761.7 CityDev 963 +32 969/929 1118
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    • Article
      Lock icon MOST ACTIVE
      36 9 VOLUME IHC 309,597,000 APAC Strategic 211,456,000 OLS Enterprise 140,112,000 Genting Sing 131,468,000 Mirach Energy 104,807,000 Market volume 5,613,529,000 VALUE SingTel 335,945,032 Keppel Corp 256,667,333 DBS Grp 194,966,341 UOB 149,001,680 CapitaLand 141,409,921 Market value 4,049,455,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 9 Oct 24 VALUE CLOSE BT OB/OS -764.00 -31.00 BT CADI -*****.00 +3.00 BT 10-day MA -*****.00 -76.00 FTSE ST Mid Cap 747.66 +1.11 FTSE ST Small Cap 514.25 +1.80 FTSE ST All Share 780.58 -2.23 FTSE ST China Top 187.35 +0.39 FTSE ST China 222.78 +0.01 FTSE
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    • Article
      Lock icon SGX ETFs
      112 9 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US742 +20 579 744/721 779/541 742/743 92.8 STI ETF 327 +6 482 328/322 343/298 326/327 Nikko AM STI ETF 332 +7 215 333/325 345/300 331/332 8 DBXT MSINDO us$ US1445 +21 183
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    • Article
      Lock icon COMPANY MEETINGS
      84 9 COMPANY MEETING PLACE DATE TIME Chinese Global A Suntec Singapore Convention Exh Ctr Level 3 Foyer 1) Rm 300 1 Raffles Boulevard Suntec City 27-Oct 10.00am Croesus Retail A Ballroom 2 (Lower Lobby) The Fullerton Hotel 1 Fullerton Square 27-Oct 2.00pm GRP A Albizia Room (Level 2) Jurong
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 9 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 3 0 0 0 9 4 3 Manufacturing 78 51 31 16 11 9 94 62 40 Commerce 29 30 15 4 11 2 33 41 17 Tpt/Stor/Comms 25 13 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 9 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 95,654 95,654 383,129 383,129 Manufacturing 763,716 177,331 941,047 422,182 14,752 436,934 Commerce 253,910 155,714 409,624 278,270 9,483 287,753 Tpt/Stor/Comms 475,780 16,576 492,356 738,426 2,917 741,343 Finance 120,897 1,091 121,988 535,914 225 536,139 Construction 99,173 169,572
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    • Article
      Lock icon GAINERS
      77 9 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 784.7 3.3 *****/***** SPDR DJIA US$ ***** 687.8 3.3 *****/***** DBXT Nifty US$ ***** 479.8 2.9 *****/9759 IS S&P500 US$ ***** 373.9 1.5 *****/***** DBXT MSEurope US$ 5600 296.0 4.3 6492/5366 BY PERCENTAGE CLOSE UP 52w high/low Advance SCT
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    • Article
      Lock icon LOSERS
      76 9 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -400.7 -1.2 *****/***** DBXT USDIGIfl US$ ***** -334.3 -0.9 *****/***** DBXT EONIA US$ ***** -284.5 -1.2 *****/***** DBXT S&P Short US$ 2382 -121.2 -3.8 2758/2304 Jardine C&C 3979 -101.0 -2.5 4901/3330 BY PERCENTAGE CLOSE DOWN 52w high/low BiosensoMBeCW*****2 0.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 9 VOL CLOSE($) CHANGE HuanHsin 4,850.0 0.021 -0.003 -12.50 Europtronic 947.0 0.020 +0.005 +33.33 SamuderaShipping 1,029.0 0.191 +0.022 +13.02 K1 Ventures 7,846.0 0.205 +0.021 +11.41 China Yongsheng 1,583.0 0.018 -0.002 -10.00 Natural Cool 230.0 0.126 -0.016 -11.27 Asian Micro 500.0 0.015 +0.002 +15.39 Asia Fashion 221.0 0.088 +0.018 +25.71
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    • Article
      Lock icon Dollar snaps 2-week slump versus major peers
      372 10 CURRENCIES BLOOMBERG New York THE dollar snapped two straight weeks of losses as data showed US economic momentum remained intact, countering bets that the world’s biggest economy will suffer from sluggish global growth. The greenback climbed the most in five weeks versus the
      BLOOMBERG  -  372 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 10 Oct 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.983 5.362 0.693 6.801 53.619 105.852 0.949 9.275 2.874 1.119 90.263 39.269 1.119 9.616 0.836 26.651 28.405 0.547 0.877 Canada 1.017 5.454
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 10 Oct 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1182 1.1190 0.8763 0.8768 Canadian dollar 1.1373 1.1380 0.8917 0.8913 Euro 1.6131 1.6136 1.2642 1.2644 NZ dollar 0.9999 1.0002 0.7836 0.7837 Sterling pound 2.0452 2.0459 1.6028 1.6031
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 10 Oct 24 S$ Bid Offer 1-month 1.2760 1.2762 2-months 1.2760 1.2762 3-months 1.2760 1.2762 6-months 1.2759 1.2762 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 10 WEEKLY
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        Lock icon SHANGHAI COMPOSITE
        3 10 COMPOSITEWEEKLY
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        Lock icon DOW JONES
        3 10 WEEKLY
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        Lock icon NIKKEI
        2 10 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        374 10 Oct 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.35 *****.05 *****.00 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar15 *****.00 *****.00 *****.00 *****.00 17 841 MSCI TAIWAN INDEX FUTURES SPOT 323.53 323.92 319.56 Oct14 323.30 326.60 319.10 320.40 ***** *****3 Nov14 323.10
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 10 Most active Oct 24 Prem Expiry Wk 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 9.2 1.7 *****
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 10 In local curr In S$ In US$ dy yr dy yr dy yr Oct 24 Index Change Change Change Change Change Change World Preliminary 1215.4 0.3 2.6 0.4 1.4 0.4 0.3 EAFE Preliminary 934.8 0.0 -2.2 0.2 -6.2 0.1 -7.2 Europe Preliminary 1325.8 -0.4 -2.1
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 10 Oct 24 (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 10 Oct 24 $S Offer Bid 0vernight 0.05 0.01 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.10 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 10 Oct 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.15 106.17 106.17 5-Year N*****0H 1.625 01-Oct-19 101.07 101.20 101.12 10-Year NY*****H 3.000 01-Sep-24 106.62 106.80 106.65 15-Year NY*****E 2.875 01-Jul-29 102.68 20-Year NZ*****V 3.375 01-Sep-33 108.6 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 10 Oct-24 Price Net change change Last Trade Agricultural Oct-24 CBOT Soybeans (US cents/bu) 977.50 -15.75 -1.59% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.39 -0.28 -0.86% 12/12/2014 CBOT Wheat (US cents/bu) 517.75 -9.00 -1.71% 12/12/2014 Oct-24 LIFFE Cocoa (£/tonne) 1984.00 -47.00 -2.31% 12/12/2014 LIFFE Coffee (US$/tonne) 2027.00 19.00 0.95%
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      • Article
        Lock icon PALM OIL
        57 10 Oct 24 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2203.0 2199.0 2211.0 2192.0 553 4604 Dec 14 2185.0 2183.0 2199.0 2177.0 8180 ***** Jan 15 2182.0 2181.0 2194.0 2172.0 ***** ***** Feb 15 2184.0 2181.0
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      128 7 Experience the newly opened Pan Pacific Tianjin, ideally located along the Haihe River and with convenient access to the Central Business District. With 319 modern and refreshing guest rooms, including 30 residential serviced suites and an impressive variety of meeting, dining and leisure options, it is perfect for a short
      128 words
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  • Article, Illustration
    Lock icon Full throttle in sustainability drive
    1032 11 A Special Feature Brought To You By: Success in BMW Group’s sustainability efforts is the result of a journey that started many years earlier BMW Group has once again topped the Dow Jones Sustainability Indices (DJSI) award for automakers worldwide, after previously clinching it for
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  • Article, Illustration
    Lock icon Aerolab – a game changer
    602 11 Aerolab a game changer FROM frigid snowscapes to blazing deserts, where temperatures go as low as -20 degrees Celcius or as high as 55 degrees Celcius; through the wettest of weathers; and to altitudes of 4,200 metres BMW Group can environmentally simulate and test its cars against such climatic extremes
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Local players target regional construction wave
      1300 12  -  Despite the value of construction export projects constituting less than 5% of domestic contracts, a few local firms have surpassed the industry average By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE building and construction sector is not known for being export-orient-ed as it typically
      Source: Building & Construction Authority (BCA)  -  1,300 words
    • Article, Illustration
      Lock icon Soaring notes at d’Leedon
      120 12 Singapore CAPITALAND'S d'Leedon last Saturday hosted the Earth Harp, the world’s longest playable stringed musical instrument ever set up, at the development’s celebration party. There, Lim Ming Yan, president and group CEO of CapitaLand Ltd, tugged the strings of the Earth Harp with musician William Close
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      134 12 THE HEAD FOUNDATION PUBLIC LECTURE SERIES ‘Developing Globally Responsible Leaders Learnings from China and Singapore’ with PROFESSOR HENRI-CLAUDE DE BETTIGNIES PROFESSOR (EMERITUS), INSEAD DISTINGUISHED PROFESSOR (EMERITUS), CEIBS VISITING PROFESSOR, STANFORD UNIVERSITY The world increasingly needs globally responsible leaders. Can ethical leadership be cultivated through higher education? What are some learnings
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      Lock icon Page 12 Advertisements Column 2
      43 12 The Oaks Cellars Shop Online Ifs A ‘Discovery! Qfgf |_QntZ 50% ff Wine Carrier Solo Charcoal Felt Usual: S$165.00 SINGAPORE www.oaks.com.sg Now: S$82.50 oa t k s Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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  • CONSTRUCTION PRODUCTIVITY
    • Article, Illustration
      Lock icon Breaking new ground
      1259 13  -  More than 6,000 visitors witnessed new construction technologies aimed at boosting the built environment sector’s productivity. SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 BY FRANCIS KAN GAME changing technologies and new incentives to help companies in the built environment sector become more productive were the highlights of this year's
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    • Article
      Lock icon Global experts discuss productivity issues
      362 13 LEADING up to the SCPW, a panel of local and international experts from the built environment industry met to discuss ways to improve construction productivity in Singapore. In particular, the meeting of the third International Panel of Experts (IPE) on Construction Productivity and Prefabrication Technology
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon KEEPING EBOLA AT BAY
      3663 14 THIS WEEK’S TOPIC How can Asia keep scourges like the Ebola epidemic at bay in today’s age of global travel? Arnaud Vaissie Chairman CEO International SOS WHEN a man ill with Ebola travelled from Liberia to Nigeria in July, he could have started a widespread Ebola
      PHOTO: AFP/WHO  -  3,663 words
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      36 15 Credit Suisse How did Tony’s dream take off? How to turn a single dollar into Asia’s largest low cost carrier. Tony Fernandes and Credit Suisse’s Helman Sitohang explain how it’s done at credit-suisse.com/airasia 1 _l T
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon STRONGER US$ CAUSING MARKET VOLATILITY
      1387 18  -  Despite current turbulence, the US bull market has further to go. BY DOMINIC ROSSI The writer is Fidelity’s global chief investment officer, equities Financial markets have experienced a tremendous increase in volatility in recent weeks. While this is clearly worrying for investors, I do not
      PHOTO: AFP  -  1,387 words
    • Article
      Lock icon Volatility healthy, value investors can act
      1059 18  -  By Mark Schofield The writer is Citi’s investment strategist RECENT price action in the markets has caused alarm but in time we think that the volatility may prove to be healthy. We examine two tough decisions facing investors: Are the moves just a correction
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  • Page 18 Advertisements
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      113 18 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Swiss, US banks face mortgage-bond sales probes
      674 19 US using 1989 law to extend scrutiny of Wall Street’s role in credit crisis and seek additional penalties WP New York CREDIT Suisse Group and Citigroup are among banks grappling with a round of US probes into mortgagebond sales, as the government uses
      WP; PHOTO: AFP  -  674 words
    • Article
      Lock icon Arab Bank to contest Hamas financing ruling
      507 19 REUTERS Amman JORDAN-BASED Arab Bank Group said it had begun legal steps to appeal against a US jury ruling which found it liable for financing Islamic militant group Hamas. The US civil lawsuit brought against the lender has been described by lawyers as
      REUTERS  -  507 words
    • Article
      Lock icon Goldman Sachs Asset Management buys Australia bank shares
      389 19 BLOOMBERG Sydney A SELL-OFF in Australian bank shares was too good to miss for Goldman Sachs Asset Management. “The single biggest move in our portfolio over the last two or three months has been buying bank stocks,” Dion Hershan, the fund manager’s
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      Lock icon Moscow okays law to clamp down on offshore tax shelters
      440 19 REUTERS MOSCOW RUSSIA’S government has approved a new tax law to clamp down on Russian companies and individuals using offshore tax shelters. The law is part of a range of measures initiated by President Vladimir Putin, and collectively known as
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      2107 19 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of LIONGOLD CORP LTD (“Company”) will be held at Level 3, Meeting Room 308, Suntec Singapore Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3 on Wednesday, 19 November 2014 at 11.00 a.m., for the
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  • ENERGY & COMMODITIES
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      Lock icon Cash-rich Gulf states set to ride out oil-price plunge
      818 20 Curbing output may help to halt price decline, but it’ll leave GCC oil producers at risk of losing market share AFP Kuwait City ENERGY kingpin Saudi Arabia and other wealthy Gulf states are set to resist pressure to tighten the taps
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      Lock icon China’s mining sector sets guidelines for overseas ops
      554 20 It unveils standards for labour rights, community relations and environmental protection NYT Beijing A CHINESE mining industry group announced a set of guidelines intended to promote socially responsible behaviour among its companies operating overseas. The China Chamber of Commerce for Minerals, Metals
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      Lock icon Huge Brent options trade revives talk of Mexico back on hedging path
      267 20 REUTERS New York AN unusually large five-million-barrel oil options trade has sparked speculation that Mexico has restarted its annual hedging programme, shifting gears from the US market to the European benchmark Brent. A block trade on Friday for
      REUTERS  -  267 words
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      1458 20 THE BUSINESS TIMES Ik 1 f 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices MFS TECHNOLOGY LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****9562R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREbY GIvEN that an Extraordinary General Meeting (the
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      202 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FOLLETT SINGAPORE PTE. LTD. (Registration No. *****3513N) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company
      202 words
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  • TECHNOLOGY
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      Lock icon Austrian drones fly high, over Ukraine and beyond
      641 21 Schiebel’s Camcopter gains prominence after surveillance missions at the Winter Olympics and Seoul’s G-20 summit AFP wiener Neustadt, Austria IN the middle of the Austrian countryside, a few sleek, high-tech drones sit in a bright production hall, ready for missions over Ukraine,
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      Lock icon Wall Street finally turning on Amazon as Bezos magic fades
      909 21 investors are wary of its triple-digit price-earnings ratio and a persistent unwillingness to throttle back spending REUTERS San Francisco AMAZON.COM Inc’s once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled
      REUTERS  -  909 words
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      Lock icon Google’s Pichai to oversee main services
      179 21 REUTERS San Francisco GOOGLE Inc chief executive officer Larry Page has put Sundar Pichai, one of his key lieutenants, in charge of the Internet company’s products. The India-born executive will have oversight over products such as search, maps, Google+, commerce, advertising and infrastructure, according
      REUTERS  -  179 words
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      Lock icon When big data becomes a tool in the battle to contain Ebola
      646 22 Same kind of technology that helps marketers deliver targeted ads can be useful in fight against epidemics AFP Washington NINE days before Ebola was declared an epidemic, a group of researchers and computer scientists in Boston spotted the
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      Lock icon ‘Flying car’ meets US air-ground safety rules, says manufacturer
      604 22 The Terrafugia Transition has parachute and airbags WP Washington LET’S be honest: it’s 2014, and the motor vehicle industry has utterly disappointed a generation of sciencefiction lovers and futurists. Where are our flying cars? Stepping into the void is Terrafugia, which
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      Lock icon Children learn coding as UK eyes digital future
      667 23 Curriculum was overhauled after industry figures warned that children were not learning the skills they needed AFP London “MISS! We made it breathe out fire!” exclaimed 10-year-old Joe, pointing at the laptop on his desk, where he has programmed his animated dragon
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      Lock icon US regulator imposes first fine over data security
      332 23 WP Washington THE Federal Communications Commission (FCC) has imposed a US$10 million fine on two telecom companies that allegedly stored personally identifiable customer data online without firewalls, encryption or password protection. The firms, YourTel America and TerraCom, share the same owners and
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      Lock icon HP to sell stake in networking business
      282 23 BLOOMBERG San Francisco HEWLETT-PACKARD Co is seeking to sell part of its H3C Technologies Co networking subsidiary, a person with knowledge of the matter said. The company plans to sell about 51 per cent of its stake in the Hangzhou-based business to an
      BLOOMBERG; PHOTO: AFP  -  282 words
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      493 21 TOSHIBA Toshiba recommends Windows. Leading Innovation >» Best of Breed, Enterprise Class Notebook PCs Toshiba means Business PORTEGE Z30/Z30I Ultrabook'' Lightest in its class, with Toshiba EasyGuard™ and complete connectivity ports' portege ziot Ultrabook" Detachable Ultrabook™ with Digitizer pen and complete connectivity ports', you can now experience true business mobility
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      303 22 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
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      195 23 Net Link Trust Delivering Singapore’s Next Generation Nationwide Fibre Broadband Network “With the integration, NetLink Trust is well-positioned to build, maintain and run the high-quality and ultra-high speed fibre network. We aim to enhance our collaboration with industry stakeholders to meet the growing demand for fibre in Singapore.” NetLink Trust
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  • CONSUMER
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      Lock icon When iPhones ring, the economy listens
      1090 24 Whether you love them or not indeed, whether you’re an Apple fan or not this is a good time to recognise their significance as a financial force NYT New York GLOOMY economic news and the wild swings of the stock market may be getting
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      Lock icon P&G plans to pursue Duracell’s spin-off into stand-alone firm
      746 24 NYT New York FOR decades, Procter Gamble (P&G), which built an empire out of soap and diapers, has held court under America’s sinks. The maker of Tide and other cleaning and personal-care products has spent years acquiring hundreds of brands it
      NYT  -  746 words
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      Lock icon Hong Kong Umbrella Movement inspires smartphone game
      577 24 AFP Hong Kong HOW do you defend yourself against scores of tear gas wielding police while manning the barricades at Hong Kong’s protest camps? Unleash the wrath of Chinese deity Guan Yu. That’s just one of the options available to players of a
      AFP  -  577 words
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      403 24 rj V SEMINAR Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST i IB S3 't*Early bird price ends 10 Nov 2014 WIN3X IPHONE 6 WORTH OVER $2,900 A Terms Conditions apply With the likely increase in interest rates, what types of property investment can
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  • TRANSPORT
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      Lock icon Port squeeze threatens US retailers’ holiday stocking plans
      793 26 Problem stems from a shortage of trucking equipment, possible labour disruptions REUTERS Chicago A SHORTAGE of transportation equipment and possible labour disruptions at the Los Angeles/Long Beach port complex, the nation’s busiest, is delaying shipping containers for up to three weeks, threatening
      REUTERS; PHOTO: REUTERS  -  793 words
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      Lock icon US recalls trigger full review of car-safety regulator
      816 26 NYT New York CONCERNED about safety lapses by the country’s top auto regulator, the Obama administration is undertaking a comprehensive review of the agency to determine if “we have the dial set correctly” on safety, a senior administration official with knowledge of
      NYT; PHOTO: BLOOMBERG  -  816 words
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      Lock icon Auto lending puts Canada banks at risk, says Moody’s
      318 26 BLOOMBERG Toronto AUTO loans in Canada have quadrupled since 2007, putting lenders including Toronto-Dominion Bank and Royal Bank of Canada at bigger risk of losses in an economic slump, Moody’s Investors Service says. “Credit losses have been low, but could rise
      BLOOMBERG  -  318 words
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      Lock icon Union rejects Jaguar Land Rover pay offer, to poll workers for likely strike
      616 26 With Tata-owned carmaker’s £2.5b profit, proposed hike of 3% linked to pension and bonuses seen as ‘disgraceful’ REUTERS London A BRITISH union has rejected a final pay offer from Jaguar Land Rover and will ballot workers in
      REUTERS  -  616 words
    • Article
      Lock icon Renault chief sees lower Europe car sales rise
      327 26 AFP Shanghai FRENCH carmaker Renault chairman, Carlos Ghosn, expects slower growth in Europe’s car market next year as it continues to recover from the global economic crisis. Mr Ghosn, who is also Renault’s chief executive officer, said on Friday that the European
      AFP  -  327 words
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  • Article
    Lock icon Shipping times
    1739 27 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 DREAM ANGEL 6 100 28/10 29/10 MALAYSIA STAR 39 50 2/11 4/11 8/11 11/11 SEA CORAL
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      298 27 C a ila n E n n o r e J e d d a h B r is b a Shanghai Chittagong n e Ho Chi Minh H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE TO Persian Gulf,
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  • GOVERNMENT & ECONOMY
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      Lock icon China trade accord unlikely to aid Aussie producers: survey
      435 28 Over half of 160 companies say it will negatively affect their business BLOOMBERG Sydney A MAJORITY of Australian manufacturers expect the scrapping of tariffs on Chinese imports under a free-trade deal would hurt them, a survey by the Australian Industry Group
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      Lock icon China-led new infrastructure bank puts ADB on defensive
      857 28  -  Beijing-headquartered AIIB is likely to begin operations in 2015 with an authorised capital of US$100b By Anthony Rowley Tokyo THE Asian Development Bank (ADB) has been thrown onto the defensive by last Friday’s signing in Beijing of a memorandum of understanding (MOU)
      PHOTO: REUTERS  -  857 words
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      Lock icon Fed holding on to US$4t amassed since QE started
      987 29 This will continue to keep a lid on borrowing costs, lift inflation closer to its target and support the economy BLOOMBERG Washington QUANTITATIVE easing may turn out to be a gift that keeps on giving for the US economy. As the
      BLOOMBERG  -  987 words
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      Lock icon Thailand refutes allegations of slavery in defence of its prawn industry
      647 29 AFP Paris THAILAND went on a charm offensive last week in defence of its prawn industry, seeking to convince Europeans that it is responding to allegations of slavery and torture in its fisheries sector. The fishing industry accounts for
      AFP; PHOTO: AFP  -  647 words
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      Lock icon Germany will not back UK on EU migration reform: report
      335 29 REUTERS London GERMAN leader Angela Merkel has said that she will not back restrictions on the freedom of workers to move around the European Union, potentially derailing plans of British Prime Minister David Cameron, a newspaper reported. The Sunday Times
      REUTERS; PHOTO: REUTERS  -  335 words
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      Lock icon Poll shows falling support for Abe after two female ministers quit
      311 29 AFP Tokyo SUPPORT for the administration of Japanese Prime Minister Shinzo Abe has slumped after the resignation of two female ministers, an opinion poll shows. The support rate for Mr Abe’s Cabinet fell nine percentage points to 53 per
      AFP  -  311 words
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      50 28 ICON WEDDINGS OUT NOW IN BOOKSTORES* K I N O K U N I YA M P H P O P U L A R *KI NOKU N IYA, MPH, POPULAR, TIMES T I M E S i ON MAGZTER http://goo.gl/6qfolc ICON WEDDINGS DIGITAL IS AVAILABLE ON MOBILE DEVICES WWW.ICONSINGAPORE.COM
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      108 28 DEADLINE CA WORK OVERLOAD J BILL TAX HOUSE DEBT uif d-L-e \H-OW dU' tress is something that everyone can relate to. While too much stress can cause illness, too little of it may lead to a lack of motivation. What level of stress is healthy? Does stress encourage you in
      108 words
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      440 29 FRASERS CENTREPOINT LIMITED Company Registration No. *****0440G (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Frasers Centrepoint Limited (the “Company” or “FCL”) will be held at Level 2, Alexandra Point, 438 Alexandra Road, Singapore *****8 on 12
      440 words
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  • DINING OUT
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      Lock icon Dishing out high-quality hawker fare
      865 30  -  The revamped menu of Ujong’s new group executive chef is more comprehensive, offering a mind-boggling variety.BY variety.BY JAIME EE NEW CHEF Ujong #01-10 Raffles Hotel Arcade 328 North Bridge Road Tel: 6635 6502 Open daily from 10am to 10pm HOW do you like your local
      865 words
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      289 30 EXPERIENCE A QUANTUM LEAP IN YOUR BUSINESS WITH DIGITAL EDUTAINMENT MARKETING MASTERCLASS Win over your prospects and customers with increased awareness, increased leads and ultimately increased sales! WHAT IS DIGITAL EDUTAINMENT MARKETING? Digital edutainment marketing is a strategy in which your target audience is educated through content marketing while being
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  • LIFE & CULTURE
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      Lock icon No easy retirement in South Korea
      924 31 Almost 50% of Koreans over 65 now live in ‘relative poverty’, unable to supplement meagre pensions since they can’t find suitable jobs AFP OUT of work and out of pocket, South Korean retirees are struggling to force their way back into an unwelcoming job
      AFP; PHOTO: AFP  -  924 words
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      Lock icon TAKING HEART
      275 31  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT A funding for social entrepreneurs DO YOU have an idea that could change your community for the better? Pitch it to an expert panel convened by Arthur Guinness Projects and Ashoka, and win up to 30,000 euros (S$48,000) to implement your idea. The
      275 words
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      39 31 Win S$9,200 cash by identifying the five mystery celebrity voices! Tune in now to Kiss92's Maddy, Jason Arnold in the Morning, weekdays 6:00 -10:00am! n Download on the ANDROID APPON facebook.com/kiss92fm JF/|Oj 0kiss92fm www.kiss92.sg m AppStore I Google play
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  • Page 31 Miscellaneous
    • Miscellaneous
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      336 31 CRYPTIC CROSSWORD Across 1 Insect family with extensive members (5-4-4) 10 Incite it in a football crowd (7) 11 Warning it’s a mock auction (7) 12 Get a larger size (4) 13 Duplicator initially needs it to copy (5) 14 Pen note that the doctor should look at (4) 17
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