The Business Times, 3 November 2014

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Total Pages: 43
1 44 The Business Times
  • 24 1 THE BUSINESS TIMES S$1.00 SC71 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Monday, Novem 3
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  • Article, Illustration
    232 1 When Block 71 a drab, 1970s factory building on Ayer Rajah Crescent was relaunched three years ago as a central office and incubation space for startups, many weren’t sure it would work. TOP STORIES /1 Budget carrier Scoot is poised to start its transition to an all-Boeing 787
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  • 25 1 Weekly Change STI 3,274.25 +51.70 KL COMP 1,855.15 +36.29 NIKKEI 22 16,413.76 +1,122.12 HANG SENG 23,998.06 +695.86 SHENZHEN B 977.95 +20.08 DOW 17,390.52 +585.11
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  • 717 1  -  JTC LaunchPad one-north will enlarge and improve facilities for startups in Singapore’s version of Silicon Valley by the end of the year By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore WHEN Block 71 a drab, 1970s factory building on Ayer Rajah Crescent was relaunched three
    Source: JTC  -  717 words
  • 951 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BUDGET carrier Scoot is poised to start its transition to an all-Boeing 787 fleet as it takes delivery of its first Dreamliner next month. The carrier will progressively phase out its B777 aircraft and eventually expand
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  • Page 1 Advertisements
    • 77 1 *****4 LIQUIDALTERNATIVE ACTIVEETFOUTCOME ORIENTED MULTI-ASSETFUND GREASY ROAD The impact of falling oil prices VIEWS FROM THE TOP 14 15 ENGAGING SHAREHOLDERS NEW RESTAURANT How smaller companies can do better SIAS INVESTORS' CHOICE AWARDS 27-38 Wallet-friendly wholesome fare at Xi Yan Shaw MONDAY MULTIPLE Financial market buzzwords YOUNG INVESTORS’ FORUM 16
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    • 5 1 More reports on Page 4
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  • TOP STORIES
    • 878 2  -  These could go higher this week as long as Friday’s jobs data confirms the Fed’s confidence in the labour market WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg WHOOSH! That’s the sound of US stock indices snapping back with the momentum of a bungee
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    • 1495 4  -  Accelerators typically put startups through a structured three-month programme to help them get paying customers; incubators can nurture them for as long as five years STARTING BLOCK By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore WHAT do Singapore startups need most? Aside from
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    • 1285 4  -  By Vikram Khanna vikram@sph.com.sg Singapore IF wannabe entrepreneurs ever want a place where they can find communion with their fellow adventurers, tips from people who have been where they dream of going, hard-headed advice from mentors or even some funding, they may find
      PHOTO: YEN MENG JIIN  -  1,285 words
    • 760 5  -  They were the biggest Asian sellers on wall Street in the second quarter By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore AS GLOBAL investors kept driving stock prices up on Wall Street in the second quarter, their Asian counterparts continued to take profits
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    • 706 5  -  By Ven Sreenivasan ven@sph.com.sg Singapore A COMBINATION of land lease renewal uncertainties and cooling enthusiasm for the game among the younger set has dampened demand for club memberships, thus depressing membership prices to their lowest levels in five years. The BT Golf Index,
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  • Page 2 Advertisements
    • 79 2 Cl ST Engineering ST Engineering is proud to be the winner of the Internal Audit Excellence Award at the SIA515th Investors' Choice Awards 2014 ST Engineering is an engineering group that provides smart solutions. We innovate, integrate and customise emergent technologies for the defence, government and commercial industries. We constantly
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  • Page 5 Advertisements
    • 135 5 FX CFDS OPTIONS FUTURES STOCKS 0.8 pips on major pairs with no hidden fees? Think of it as improved opportunity. Anytime, anywhere. At Saxo Capital Markets, we've improved our prices and still offer you a range of advantages so you can make the most of your trading; with 184 FX
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  • COMPANIES & MARKETS
    • 881 6  -  It has firm, long-term contracts and an orderbook backlog that lasts until 2047. BY ANITA GABRIEL TT TOPLINE 2047.BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT RESILIENCE may best describe Malaysian-listed Bumi Armada, an offshore oilfield services firm with a presence in 19 countries and
      PHOTO: BUMI ARMADA  -  881 words
    • 9 6 Croci Branched Stars R1C-A 27/10/2014 218,71 EUR
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    • 279 6 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.02.2015 N*****0S 2013 1/4 2900.00 1/8 1/2 91 99.97 0.37 SG**********
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    • 812 7  -  A board portal allows directors to securely access documents and collaborate with other members electronically. BY LIM CHIN HU T The writer is a member of the Governing Council of the Singapore Institute of Directors. T For more articles, go to btd.sg/BMatters WITH increasing business complexity
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    • 1733 7  -  TT INSIDE MARKETS By Robert Halili The writer is managing director Asia insider Limited THE buying fell while the selling among directors remained low based on filings on the Singapore Exchange (SGX) in the last week of October. A total of 12 companies
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    • Article, Illustration
      64 8 STI Catalist WEEKLY Straits Times Index Oct 31,2014 3,274.25 +51.70 (+1.60%) Current streak 3 day Week high 3,274.25 Week low 3,211.65 52-week high 3,350.17 (July 25, 2014) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index Oct 31,2014 795.53 +5.82 (+0.74%) Current streak 1 days Week high 795.53 Week
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    • 667 8  -  TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT LAST week’s column discussed the high chance that the Straits Times Index (STI) would enjoy a spot of month-ending window-dressing on Friday. As it turned out, there was indeed a large push on the
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    • 307 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 223 xd -6 234/222 250 206 6.4 5634.5 CapitaLand 317 +12 317/306 348 268 15.9 2.5 *****.2 CapitaMall Trust 197 +2 198/194 209 180 5.2 6832.5 CityDev 945 -18 984/937 1118 860
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    • 35 8 VOLUME APAC Strategic 366,058,000 IHC 366,050,000 OLS Enterprise 186,739,000 Noble 186,543,000 Golden Agri-Res 143,299,000 Market volume 7,374,460,000 VALUE UOB 452,759,169 Keppel Corp 436,258,821 SingTel 381,659,950 DBS Grp 284,888,951 Noble 221,795,973 Market value 5,460,983,000
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    • 77 8 Oct 31 VALUE CLOSE BT OB/OS 541.00 +543.00 BT CADI -*****.00 +225.00 BT 10-day MA -*****.00 +54.00 FTSE ST Mid Cap 750.97 +5.62 FTSE ST Small Cap 522.69 +5.77 FTSE ST All Share 791.64 +8.99 FTSE ST China Top 190.11 +2.64 FTSE ST China 225.83 +3.02 FTSE
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    • 110 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US771 +29 503 771/733 779/541 768/771 96.4 UETF SSE50China 163 +11 395 163/151 165/140 159/163 50.9 Nikko AM STI ETF 336 +4 384 336/330 345/300 335/337 8.1 STI ETF 331 +4 371
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    • 94 8 COMPANY MEETING PLACE DATE TIME Adventus Hldgs E NUSS Kent Ridge Guild House 9 Kent Ridge Drive 03-Nov 10.00am C&G Env Protect S Topaz Room (Level 2) Sheraton Towers S'pore Hotel 39 Scotts Road 05-Nov 9.30am Cordlifte Group E Auditorium 302 (Level 3) NTU@one-north, Exec Ctr 11 Slim
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    • 36 8 STI FTSE ST All-Share WEEKLY ftse ST All-Share index Oct 31,2014 791.64 +11.06 (+1.42%) Current streak 3 day Week high 791.64 Week low 777.89 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)
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    • 34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Oct 31,2014 1,818.35 +39.73 (+2.23%) Current streak 1 day Week high 1,818.35 Week low 1,781.35 52-week high 1,993.20 (July 4, 2014) 52-week low 1,737.51 (Oct 17, 2014)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 4 3 0 0 0 10 4 3 Manufacturing 80 53 34 17 9 14 97 62 48 Commerce 31 24 18 12 5 1 43 29 19 Tpt/Stor/Comms 26 12 6
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 130,879 130,879 592,461 592,461 Manufacturing 1,008,736 221,280 1,230,016 488,957 19,213 508,170 Commerce 586,409 196,307 782,716 547,721 10,009 557,730 Tpt/Stor/Comms 524,247 14,638 538,885 826,977 2,577 829,554 Finance 190,860 813 191,673 1,022,285 212 1,022,497 Construction 126,021 151,147
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    • 780 8 TT COMMODITIES AFP London GOLD tumbled last week to a four-year low and many other commodities also faltered, as the US dollar rebounded after the Federal Reserve ended its quantitative easing stimulus. The euro dived below US$1.25 for the
      AFP  -  780 words
    • 77 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 923.7 3.7 *****/***** SPDR DJIA US$ ***** 866.0 4.1 *****/***** IS S&P500 US$ ***** 556.8 2.3 *****/***** DBXT Nifty US$ ***** 547.8 3.2 *****/9759 Lyxor ThaiSET US$ ***** 390.0 2.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low KLW W*****0
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    • 76 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -619.6 -4.1 *****/***** DBXT EONIA US$ ***** -148.8 -0.7 *****/***** DBXT iBoxxSvEu US$ ***** -132.1 -0.4 *****/***** DBXT USDIGIfl US$ ***** -91.1 -0.3 *****/***** DBXT iBoxxUSTr US$ ***** -86.0 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low NKY *****MBePW*****2 2
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    • 81 8 VOL CLOSE($) CHANGE Rowsley 21,027.0 0.205 +0.043 +26.54 Asia Fashion 401.0 0.060 -0.038 -38.78 Suntar Eco-City 120.0 0.100 +0.020 +25.00 Shangri-La HKD 90.0 11.500 -0.500 -4.17 JES Intl 63,622.0 0.026 +0.005 +23.81 WE 16,932.0 0.009 +0.002 +28.57 JB Foods 3,016.0 0.129 +0.008 +6.61 Combine Will 43.5 0.580 -0.020
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    • 420 9 TT CURRENCIES BLOOMBERG New York THE yen tumbled to its weakest level in almost seven years after the Bank of Japan (BOJ) unexpectedly boosted monetary stimulus, underscoring the widening gulf in monetary policy with the Federal Reserve. The Japanese currency fell versus
      BLOOMBERG  -  420 words
    • FOREX RATES
      • 471 9 Oct 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.381 0.701 6.830 54.079 106.543 0.980 9.386 2.898 1.121 90.602 39.521 1.130 9.554 0.845 26.838 28.662 0.551 0.881 Canada 1.013 5.450
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      • 155 9 Oct 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1297 1.1304 0.8806 0.8808 Canadian dollar 1.1440 1.1451 0.8922 0.8917 Euro 1.6121 1.6128 1.2566 1.2567 NZ dollar 1.0080 1.0090 0.7857 0.7862 Sterling pound 2.0512 2.0528 1.5989 1.5995
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      • Article, Illustration
        3 9 WEEKLY
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      • Article, Illustration
        2 9 WEEKLY
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      • 3 9 WEEKLY
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      • Article, Illustration
        3 9 WEEKLY
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      • 22 9 Oct 31 S$ Bid Offer 1-month 1.2829 1.2835 2-months 1.2829 1.2835 3-months 1.2829 1.2835 6-months 1.2829 1.2834 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 377 9 Oct 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.14 *****.91 *****.14 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar15 *****.00 *****.00 *****.00 *****.00 3 838 MSCI TAIWAN INDEX FUTURES SPOT 330.08 332.92 329.12 Nov14 329.00 333.90 327.90 333.90 ***** *****4 Dec14 328.60
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      • 214 9 Most active Oct 31 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.8 1.4 ***** 1 18 24 DBS MB eCW*****6 9.9 0.7 ***** 0.2 1880 3 UOB MB eCW*****2 13.9 4.2 ***** 0.1 2360
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      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Oct 31 Index Change Change Change Change Change Change World Preliminary 1250.8 1.4 5.6 1.6 4.5 0.9 2.7 EAFE Preliminary 969.3 2.1 1.4 1.8 -3.4 1.1 -5.1 Europe Preliminary 1363.0 1.6 0.6
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    • BANK RATES
      • 154 9 Oct 31 $S Offer Bid 0vernight 0.10 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.10 US$ 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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      • 36 9 Oct 31 (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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      • 65 9 Oct 31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.98 5-Year N*****0H 1.625 01-Oct-19 100.72 100.90 100.75 10-Year NY*****H 3.000 01-Sep-24 106.21 106.60 106.30 15-Year NY*****E 2.875 01-Jul-29 102.18 102.50 102.25 20-Year NZ*****V 3.375 01-Sep-33 107.78 108.40 108.25
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    • AGRI METALS ENERGY
      • 212 9 Oct-31 Price Net change change Last Trade Agricultural Oct-31 CBOT Soybeans (US cents/bu) 1046.50 22.25 2.17% 14/11/2014 CBOT Soybean Oil (US cents/lb) 34.80 0.49 1.43% 12/12/2014 CBOT Wheat (US cents/bu) 532.50 -3.50 -0.65% 12/12/2014 Oct-31 LIFFE Cocoa (£/tonne) 1910.00 -20.00 -1.04% 12/12/2014 LIFFE Coffee (US$/tonne) 2048.00 12.00 0.59%
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      • 57 9 Oct 31 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2270.0 2295.0 2295.0 2251.0 149 1664 Dec 14 2289.0 2309.0 2314.0 2281.0 6088 ***** Jan 15 2283.0 2306.0 2311.0 2274.0 ***** ***** Feb 15 2281.0 2306.0
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    • 398 10  -  A new collection of ex-BTer’s articles build a convincing case for long-term investing By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore AMID calls to improve investor education in Singapore, a new book by a former The Business Times journalist has been launched to help bridge this
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    • 1397 10 Payment Ex Rec Pay Ann (cts) date date date date 800 Super ak 1.000 03-Nov 05-Nov 14-Nov 27-Oct Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMS Property ag 0.109 26-Sep 30-Sep 19-Dec 23-Sep AIMSAMP Cap Reit (1 Jul-30 Sep 2014) ct 2.770 05-Nov 07-Nov 23-Dec 30-Oct
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    • 1551 10 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 14.77 1.55 1.49 ARA Asset Management Ltd 2.00 1.75 4 9.78 17.49 1.99 1.71 Ascendas Hospitality Trust Mgt
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    • 265 10  -  Leslie Fong stays on as senior executive V-P but will work only half-time By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SPH will get a new marketing head from next year. Elsie Chua will take over from Leslie Fong as head of the SPH marketing division
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    • 270 10 Oct 31 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 ...5.50 Bank of Communications 5.50 ...6.00 Bank of China Limited Bank of Taiwan Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque Internationale a Bank of Singapore
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  • Page 6 Advertisements
    • 222 6 The S. Rajaratnam School of International Studies (RSIS) cordially invites you to attend two lectures by Professor Stephen Grenville NTUC Professor of International Economic Relations, RSIS; and Visiting Fellow, Lowy Institute for International Policy RSIS Distinguished Public Lecture “Fixing Global Finance: Unfinished Business” “The financial crisis of 2008 demonstrated weakness
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    • 143 6 ASTANA ALMATY •w Seoul Beijing i\ Bangkok Kuala Lumpur Hong Kong Ho Chi Minh Beijing Almaty 5 times a week Beijing Astana 2 times a week Kuala Lumpur Almaty -‘i 1 3 times a week Seoul Almaty 3 times a week Bangkok Almaty 7 times a week Hong Kong Almaty
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    • 14 6 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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  • Page 11 Advertisements
    • 1472 11 Advertorial Sembcorp Supports Singapore’s Energy Future As the energy industry here grows, YANG HUIWEN examines how the homegrown company is helping to support the long-term development of the country’s power sector. S INGAPORE’S energy industry is seeing exciting times ahead with the opening up of the power market, the entry
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  • REAL ESTATE
    • 552 12  -  Units bought by fairly proportionate mix of S’poreans, foreigners By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore WORLD Class Land (WCL) sold 69 per cent of the units released in its iconic Australia 108 launch over the weekend in Singapore. The Singapore developer
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    • 1529 12 The neighbourhoods around Ground Zero have blossomed, becoming an area where people live, shop and eat, rather than just hustle home from white-collar jobs WP NEW YORK WHEN the people of this city set out to rebuild the World Trade Center
      WP; PHOTO: REUTERS  -  1,529 words
  • Page 12 Advertisements
    • 732 12 The Business Times NOTICES Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING of Fastech Synergy Ltd (the “Company”) will be held on 2 December 2014 at 2:00 pm at Makiling Room, Sta. Elena Golf Country Club, Cabuyao, Laguna, Philippines 4025 for the purpose of
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    • 83 12 V Dine Hospitality Highlights Whe ('v DINNER DANCE AT MARINA MANDARIN CORPORATE PACKAGES AVAILABLE NOW Book your event with us and be ready for a great time, we’ll take care of the rest. Dinner events for the month of December 2014 January 2015 enjoys a further 15% discount. •Terms and
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    • 17 12 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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  • Page 13 Advertisements
    • 2816 13 (A limited liability company incorporated in Malaysia) ABRIDGED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 DIRECTORS The Directors who have held office since the date of the last report and at the date of this report are as follows: Chairman YBhg Tan Sri Quek Leng Chan (Non-Executive
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  • VIEWS FROM THE TOP
    • Article, Illustration
      3644 14 THIS WEEK’S TOPIC How has the fall in oil prices in recent months affected your business or industry? What would be the wider impact if prices stay lower for longer? Yeoh Oon Jin Executive Chairman PwC Singapore THE recent sharp decline in oil prices is unlikely to
      REUTERS  -  3,644 words

  • Page 15 Advertisements
    • 116 15 jm Wfc. ■sset. V! 'V 31 2m WtfS SgK» ■i;- SK ■3 U vV 3** i a K i&£S 0RS S.vr k M-.^ M %5 ’M la S3 P X r. 2# W* m Follow our travel tips and share yours too The Straits Times' new Travel Community has tips
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    • 180 15 SMU Master of Professional Accounting Opens up a world of opportunity I School of I Accountancy George Lee Director Hotel Royal Group Key Subsidiaries MPA Class of 2008 Anne Chua Head Finance CapitaCommercial Trust MPA Class of2009 Owen Hawkes Partner, Forensic KPMG in Singapore MPA Class of 2013 OPEN UP
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • 2618 16  -  Investors hungry for yield must be careful not to pay more for higher risk and lower returns TT MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT haoxiang@sph.com.sg @HaoxiangCaiBT HELLO there! May I offer you a pint of alcoholfree beer? Want a drag from this nicotine-free cigarette? Or
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  • Page 16 Advertisements
    • 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
    • 584 17 They will be required to meet a net-stable funding rule from 2018, says Basel Committee on Banking Supervision BLOOMBERG Brussels BANKS face a push from global regulators to seek out more stable funding that won’t dry up in a crisis. Starting in 2018,
      BLOOMBERG; PHOTO: BLOOMBERG  -  584 words
    • 694 17 REUTERS Shanghai CHINA’S central bank put investors on edge in October, setting aside transparency in favour of covert monetary policy operations as regulators balance the need to revive productive investment against the risk of reanimating high-risk credit growth. The strategy has two
      REUTERS  -  694 words
  • Page 17 Advertisements
    • 86 17 Confidence to expand That’s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies dcing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy costs,
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  • Page 18 Advertisements
    • 3925 18 \l w VICPLAS VICPLAS INTERNATIONAL LTD REGISTRATION NO. *****5362R INCORPORATED IN THE REPUBLIC OF SINGAPORE NOTICE OF SIXTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting (“AGM”) ofVieplas International Ltd (the "Company 1 will be held at 35 Joo Koon Circle. Singapore *****0 on Wednesday,
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    • 1341 18 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTERS OF ESI SINGAPORE II PTE. LTD. (CO. REG. NO.: *****7111C) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of ESI Singapore II Pte. Ltd. duly convened and held on
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  • ENERGY & COMMODITIES
    • 987 19 Chinese consumer wariness over GMO safety has risen of late, and at the same time, Chinese regulatory approvals have ground to a near halt REUTERS Kansas City, Missouri WITH US approval for Dow AgroSciences’ package of chemicals and new genetically engineered crops now in
      REUTERS; PHOTO: BLOOMBERG  -  987 words
    • 671 19 REUTERS New York PLUMMETING oil prices are pushing some of the small-cap companies, which flourished as part of the US shale energy boom, close to their breaking point while also prompting some well-known fund managers to aggressively buy energy
      REUTERS  -  671 words
  • Page 19 Advertisements
    • 2079 19 The Business Times Ik IT 1 Toll free 1800-289-8822 I I 1 Email notices@sph.com.sg J B V i B j ij www.sphclass.com.sg/notices IN THE MATTER OF THE LIMITED LIABILITY PARTNERSHIPS ACT 2005 AND IN THE MATTER OF TU LLP (IN PARTNERS’ VOLUNTARY LIQUIDATION) (PARTNERSHIP REGISTRATION NO. T09LL0420D) Notice is hereby
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  • Page 20 Advertisements
    • 51 20 Congratulations to ho bee land on the Inauguration of The Metropolis and Mr Chua Thian Poh bbm, jp Chairman and CEO of Ho Bee Group on being conferred The Distinguished Service Order (Darjah Utama Bakti Cemerlang) by His Excellency, The President of The Republic of Singapore Best Wishes from Sam
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  • TECHNOLOGY
    • 770 24  -  RecordTV’s new app has risen to the top of the entertainment category in the local Apple App Store and Google Play store; tackles monetisation and expansion By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore FOUR years after startup RecordTV took MediaCorp on in a legal
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    • 357 24 BLOOMBERG New York THE spate of cyber-attacks that rocked US companies in 2014 came at just the right time for Tel Aviv-based Radware Ltd, which spent the last three years doubling its US sales force. Radware’s technology, used by customers such
      BLOOMBERG  -  357 words
    • 1172 24  -  The next billion smartphone customers want phones in the S$200-300 range. TT COMMENTARY BY AMIT ROY CHOUDHURY @AmitRoyCBT NEW data released by IDC on smartphone sales last week shows that there’s a new kid on the block. According to the research agency’s
      PHOTO: BLOOMBERG  -  1,172 words
    • 1146 25 Average student in a MOOC is a young, white American man with a degree and full-time job NYT New York WHEN massive open online courses first grabbed the spotlight in 2011, many saw in them promise of a revolutionary force that would
      NYT  -  1,146 words
    • 524 25 WP Beijing LENOVO Group says its US$2.91 billion purchase of Motorola Mobility from Google will help the company boost global smartphone sales and challenge market leaders Samsung Electronics and Apple. “Lenovo will be number three in the global smartphone market, but definitely
      WP  -  524 words
  • Page 24 Advertisements
    • 194 24 ART EXHIBITION -j. Singapore Top Artist Mr Lee Boon Lee Boon Wang's Art Exhibition "Art of Lee Boon Wang" Book Launch Lee Boon Wang (Age 80) is widely recognised as one of the most outstanding realistic artist in Singapore. Paintings are collected by art museums and art lover from all
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  • Page 25 Advertisements
    • 185 25 mm NANYANG A® TECHNOLOGICAL >.y UNIVERSITY Nanyang Business School Nanyang Business School Postgraduate Fair 8 November 2014 Consistently ranked among the world’s top tier business schools, Nanyang Business School is dedicated to educating international business leaders. Join us to explore MBA, Masters and Executive Education programmes that will provide the
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    • 445 25 TOSHIBA Toshiba recommends Windows. Leading Innovation »> Best of Breed, Enterprise Class Notebook PCs Toshiba means Business PORTEGE Z30/Z30I Ultrabook'' Lightest in its class, with Toshiba EasyGuard™ and complete connectivity ports 1 portege ziot Ultrabook' Detachable Ultrabook™ with Digitizer pen and complete connectivity ports 1 you can now experience true
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  • CONSUMER
    • 833 26 Complaints about botched procedures and dodgy doctors double in a year REUTERS Seoul KIM Bok Soon disliked her nose and fantasised about getting it fixed after learning of the Korean superstition that an upturned nose makes it harder to hold on to riches.
      REUTERS; PHOTO: REUTERS  -  833 words
    • 356 26 WHO says it is in constant dialogue with equipment producers to ensure supply BLOOMBERG Washington FEARS about Ebola have prompted a surge in purchases of personal protective equipment in the US as the World Health Organization (WHO) seeks to ensure West African
      BLOOMBERG  -  356 words
    • 296 26 AFP Lisbon FIVE hundred years after the Portuguese became the first Europeans to establish sea trade with China, a town in northern Portugal is counting on its youth to secure a new foothold in the Asian giant. The small industrial town of Sao Joao
      AFP  -  296 words
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    • 43 26 Listen to a song? aigy Get the hottest news! Scan the QR code now to view the latest videos on zaobao.sg o m V r °atch ZB Keywords, a daily 3-minute video news series. You’ll enjoy the light-hearted NNongWoo"* 008 LIANHE ZAOBAO zaobao.sg
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  • SIAS INVESTORS’ CHOICE AWARDS 2014 | |
    • 1061 27  -  Smaller companies can do better at interacting with shareholders and showing that they are respected, says SIAS founder David Gerald.BY Gerald.BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT MANY of Singapore’s largest listed firms compete for investors in global markets, and are thus constantly improving their corporate governance standards. But smaller
      1,061 words
    • 1275 28  -  Integrated reporting enhances transparency and disclosure by emphasising concise communication of performance, risks and opportunities and the future outlook for the organisation. BY MAGNUS YOUNG, PERRINE OH T The writers are research managers at the Institute of Singapore Chartered Accountants INTEGRATED reporting, or IR, aims
      1,275 words
    • Article, Illustration
      2731 30 The Big Cap winners of the 2014 SIAS Corporate Governance Awards give their take on maintainig high standards of corporate governance Roundtable participants: IPiyush Gupta, CEO, DBS Group; ITang Kin Fei, CEO, Sembcorp Industries; ISamuel Tsien, Group CEO, OCBC Bank; IWang Look Fung, Director, Group Corporate Affairs, Keppel
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    • 932 34  -  Demand for data centre space has seen an exponential growth, and Keppel T&T has not changed its IPO plans. BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT WITH or without the data centre real estate investment trust (Reit), the newly-ap-pointed chief executive officer of Keppel Telecommunications and Transport
      932 words
    • 723 36  -  DBS Group has applied the principle of corporate diversity across the organisation in various ways.BY CHAN YI WEN ways.BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT IT MAY not have a formal, stated policy on corporate diversity, but financial services firm DBS Group has sought to apply its
      723 words
    • 1329 36  -  It is critical that the board and executive team set the tone for the rest of the organisation to follow. BY PAULINE SCHU BY PAULINE SCHU T The writer is a researcher at ACCA VIRTUALLY every element of business activity is subject to being measured. Along with
      FILE PHOTO  -  1,329 words
    • 892 37  -  Audit Committees have a responsibility to look across their company’s lines of defence to align risk, control and assurance information.BY information.BY IRVING LOW T The writer is partner and head of risk consulting, KPMG Singapore BY ACCIDENT and by design, human bodies are hard to break into.
      FILE PHOTO  -  892 words
    • 1081 37  -  But real estate investment trusts in each sector will have their own set of challenges to tackle. BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT THE United States Federal Reserve’s third round of quantitative easing (QE)3 which recently ended will tighten monetary liquidity
      FILE PHOTO  -  1,081 words
  • Page 27 Advertisements
    • 103 27 SIAS INVESTORS’ CHOICE AWARDS 2014 Singapore Corporate Governance Award (Big Cap) Winner Keppel Corporation Limited Singapore Corporate Governance Award (Mid Cap) Winner Keppel Telecommunications Transportation Ltd Most Transparent Company Award (Real Estate) Runner-up Keppel Land Limited Shaping Best Practices Across countries and industries, the Keppel Group continues to push the
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  • Page 28 Advertisements
    • 156 28 ONE CAPITALAND C|\/F LISTED hlvt R BITS BUILDING SCALE ACROSS CC ITY U CLUSTERS 167.61 GROUP MANAGED IESTATE ASSETS Your Recognition is our greatest reward. We are honoured to receive five awards at the SIAS Investors' Choice Awards 2014. These awards are testament to the CapitaLand Group's commitment to strong
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  • Page 30 Advertisements
    • 116 30 t Committed to Excellence in Corporate Governance and Transparency SIAS Investors’ Choice Awards FRASERS CENTREPOINT Most Transparent Company Award 2014 Winner in the New Issues category FRASERS COMMERCIAL TRUST Singapore Corporate Governance Award 2014 Runner-up in the REITs and Business Trusts category Thank you, SIAS and investors, for your recognition.
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  • Page 31 Advertisements
    • 57 31 Achieving excellence in disclosure and transparency Ascendas REIT is proud to be recognised by SIAS in its 15thInvestors’ Choice Awards Most Transparent Company Award 2014 Winner in the REITs and Business Trusts category To SIAS and our investors, thank you for your recognition and support Aperia A landmark integrated industrial
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  • Page 32 Advertisements
    • 692 32 S1AS Choice Awards 15 th INVESTORS’ CHOICE AWARDS 2014 PRESENTATION CEREMONY 31 st OCTOBER 2014 MARINA BAY SANDS EXPO AND CONVENTION CENTRE Message by Guest-of-Honour Mr Lawrence Wong Minister for Culture, Community and Youth Second Minister for Communications and Information Message by Mr David Gerald Founder, President CEO, SIAS I
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  • Page 34 Advertisements
    • 119 34 KOH BROS Building Cities Building Dreams Koh Brothers wins the 15th SIAS Investors' Choice AwardsMost Transparent Company Award 2014 (Construction fi Materials Category) in i i I*"A I mi I 32 2 is 1.' SPSS'S S SIAS Investors' Choice Awards Setting the benchmark for clear communication and corporate transparency At
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  • Page 36 Advertisements
    • 124 36 I» rrft QKP HQLDINGS limited Singapore Corporate Governance Award I Investors' Singapore Most Transparent Company Award (^taCE ■Mb ■H f M Our Corporate Profile We are a leading home-grown infrastructure and civil engineering company, specialising in the construction of expressways, flyovers, vehicular bridges, urban and arterial roads, airport infrastructure and
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  • Page 38 Advertisements
    • 39 38 Best Commentary Award Mr Goh Eng Yeow Senior Correspondent, The Straits Times Most Promising Journalist of the Year Ms Lee Meixian Journalist, The Business Times 30 Financial Journalist of the Year Ms Michelle Quah Senior Correspondent, The Business Times
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  • TRANSPORT
    • 772 39 Survey finds problems such as frozen screens and lagging touch controls NYT New York PROBLEMS with in-dash electronic systems are a “growing reliability plague” for many carmakers, Consumer Reports says in its latest Annual Auto Reliability Survey. The report predicts the reliability of 2015
      NYT; PHOTO: BLOOMBERG  -  772 words
    • 303 39 REUTERS Singapore EMIRSYAH Satar said he would step down as chief executive of Garuda Indonesia within months after a dec-ade-long stint during which he helped repair the image of the loss-making Indonesian flag carrier and restructure operations. Mr Satar told Reuters
      REUTERS  -  303 words
    • 405 39 WP London BRITAIN has opened the world’s first array of ground-based radio stations designed to help ships determine their positions and prevent collisions in the event of a failure of the GPS satellite system. The seven stations, overlooking
      WP  -  405 words
    • 404 39 REUTERS Seoul SOUTH Korea’s Hyundai Heavy Industries Co Ltd, the world’s biggest shipbuilder, slid to a record quarterly loss of US$ 1.8 billion and warned it’s heading for its worst-ever year as cost overruns mount up in new business
      REUTERS  -  404 words
  • Page 39 Advertisements
    • 276 39 At times, investors purchase stocks based on recommendations from gurus, brokers, family friends etc. Purchasing stocks without committing to any self-research may lead to picking bad performance stocks, which results in monetary losses. As such, we will need to know an effective and time-saving method of performing fundamental analysis on
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    • 72 39 Soft? ASIA’S LARGEST 1 Educational Kids’ Fair J Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE? TARGETEP CROW?! Join us at smartKiPs Asia 2015! Call us to enquire how we can help
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    • 82 39 KEEP YOUR ERR CHARGES IN CHECK :i I EIR P iw EIRP Find a property near your workplace or MR! stations using ST .sg IDITORerPUBIJSHER. 2014 EPPY Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 0/3 BEST CLASSIFIED WEBSITE with over 1 million unique monthly visitors SILVER
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  • 1724 40 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 MALAYSIA STAR 39 50 10/11 12/11 16/11 18/11 SEIYO SPRING 1 60 12/11 14/11 17/11 19/11
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    • 296 40 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 J e b e lA NYK RORO (ASIA) PTE. LTD. K o n g REGULAR SERVICE TO Persian
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  • GOVERNMENT & ECONOMY
    • 882 41  -  The yen appears set to see further sharp falls after plunging to a near six-year low of 112 to the dollar By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) triggered a minor earthquake in global financial markets last Friday by
      PHOTO: BLOOMBERG  -  882 words
    • 601 41 World emissions must fall to zero by 2100, says report AFP REUTERS Copenhagen UNITED Nations (UN) Secretary General Ban Ki-moon on Sunday threw his weight behind a massive report on climate change, saying that putting the brakes on carbon emissions would
      AFP; REUTERS  -  601 words
    • 614 42 No new decisions likely on Thursday. Bank will probably adopt wait-and-see attitude into the New Year AFP Frankfurt THE European Central Bank is likely to hold fire on new policy moves on Thursday and leave a series of radical recent measures to take
      AFP  -  614 words
    • 668 42 REUTERS New York A HANDFUL of toss-up US Senate races this week could hold the key to whether the stock market glides through the year-end in a typical post-mid-term election rally or gets hit with a fresh bout of
      REUTERS; PHOTO: AFP  -  668 words
    • 371 42 Government will work towards making yuan freely convertible in the zone, he adds AFP Shanghai SHANGHAI’S mayor promised on Sunday to speed up development of China’s first free trade zone (FTZ) a year after it opened, as a chorus of foreign companies
      AFP  -  371 words
    • 535 42 AFP London BRITISH Prime Minister David Cameron is increasingly hawkish on Europe ahead of a key election battle but his policies seem rudderless and could make an EU exit more likely, analysts said. As he tries to rally eurosceptics from
      AFP  -  535 words
  • Page 41 Advertisements
    • 69 41 Inside Insights There is more to a situation than meets the eye. The new Business Times brings you the insight that comes only from knowing business, sector by sector. When you get the inside view, you will see new perspectives. www.BusinessTimes.com.sg www.facebook.com/TheBusinessTimes follow us ©BTbreakingnews To subscribe, call (65) 6388
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  • DINING OUT
    • 1117 43  -  Xi Yan Shaw’s focus on wholesome fare at wallet-friendly prices bodes well for the casual dining eatery.BY JAIME EE eatery.BY JAIME EE NEW RESTAURANT xi Yan Shaw 1 Scotts Road #03-12 Shaw Centre Tel: 6733-3476 Open daily for lunch and dinner: 11.30am to 3pm; 5.30pm to 10pm
      PHOTOS: XI YAN SHAW  -  1,117 words
  • Page 43 Advertisements
    • 540 43 A special Feature presented to you by STProperty.se ySk ii 1 V: (if T w H T1 t 5 181 qB* Plan t > Attend ou seminar For chance to W the latest i WIN 4 k4 a B SPJ ajteDQ® 41 ove m P i TSSSi fif«a Hu WRITTEN
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  • LIFE & CULTURE
    • 481 44  -  By Mindy Tan, Malminderjit Singh tanmindy@sph.com.sg/msingh@sph.com.sg @MindyTanBT/@MalminderjitBT SIA raises $2.5m for Community Chest Through two major fundraising events held in the lead-up to Singapore’s 50th birthday in 2015, Singapore Airlines (SIA) has donated about S$2.5 million to Community Chest. The donation will be matched dollar-for-dollar by the Singapore
      481 words
    • 817 44  -  Iskandar Ismail scouts for talent in schools and is responsible for the careers of many young musicians TT OBITUARY By Helmi Yusof helmi@sph.com.sg @HelmiBT HE was famed for being the long-time music director of the National Day Parade and music arranger for Asia’s top singers including
      FILE PHOTO  -  817 words
    • 781 44 Bloomberg New York VINCENT Van Gogh’s bright flowers, Andy Warhol’s macho Marlon Brando and Alberto Giacometti’s chariot are among the works expected to fetch top prices at auctions of about US$ 1.8 billion of art here. Christie’s, Sotheby’s and Phillips will offer 2,300
      Bloomberg  -  781 words
  • Page 44 Advertisements
    • 696 44 The Business Times NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of LEONIE LAND PTE LTD (Company No. *****1577M) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS Notice is hereby given that at an Extraordinary General Meeting of Leonie Land Pte Ltd deemed to have
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  • Page 44 Miscellaneous
    • 291 44 CRYPTIC CROSSWORD Across 1 Entitled to be a church member (8) 6 It takes the strain out of brewing (3,3) 9 Pursue syllabus (6) 10 Drawer of Cupid’s bow? (8) 11 Tell a student to be relaxed (8) 12 Evasive secret agent seen around border (6) 13 Happy to give
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