The Business Times, 7 November 2015

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Microfilm: NL33683
Total Pages: 40
1 16 The Business Times
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      50 2 CONTENTS LIVING Dining L2-5 Shopping L6-7 Beauty L10-11 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Wealth 22-24 Govt Economy 26-27 Opinion 28-29 Life Culture 30-31 Home Garden L12-L13 Motoring L14-15 Sports L16
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  • TOP STORIES
    • Article
      Lock icon Encouraging demand for premium economy so far: SIA management
      613 2  -  Plans to add third destination besides NY and LA when non-stop US services restart in 2018 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) has seen good take-up so far for its premium economy product introduced in August, its management
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,010.47 (-13.18) HSTI FUTURES 3,007.00 (-13.00) HSIMSCI 337.28 (-1.72) HSIMSCI FUTURES 336.55 (-1.95) STOCKS Friday Change KL COMP 1,685.70 -2.84 NIKKEI 225 19,265.60 +149.19 HANG SENG 22,867.33 -183.71 SET 1,414.54 +1.38 JAKARTA 4,566.55 -10.68 MANILA 7,118.20 -4.25 KOSPI 2,041.07 -8.34 SHENZHEN B 1,184.44 +7.02 MUMBAI IND 26,265.24 -38.96
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.490 TAIWAN 4.966 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.05 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.408 (US$/S$ per 1.519 2.139 EURO (US$/S$/€ 1.088 1.532 Foreign currency per US$ S$ YEN 121.90 86.60 RM 4.307 3.059 HK$ 7.751 5.505 BAHT 35.59 25.28 RUPIAH 13,555 9,628 RENMINBI 6.352 4.512 INDIAN RUPEE 65.79 46.73 A$ 1.398 0.993 NZ$ 1.514 1.076
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    • Article
      Lock icon Jobs report bolsters December rate hike case
      292 3 In a show of domestic strength, the jobless rate hits a 71/2 -year low LATEST US DATA Reuters Washington US job growth surged in October after two straight months of tepid gains, with the unemployment rate hitting a 7 1 /2-year low in
      Reuters  -  292 words
    • Article
      Lock icon Mutual respect in the workplace crucial for firms’ growth: Swee Say
      357 3  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MUTUAL respect between employees and employers in the workplace is important to help companies grow, as Singapore’s employment growth continues to slow down, says Manpower Minister Lim Swee Say. “To succeed, transforming workplaces
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    • Article, Illustration
      Lock icon Asia’s challenges in managing its cities
      1214 4  -  These include reactive urban planning, uncontrolled urban sprawl and poor governance, say planning specialists URBAN PLANNING By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE architect of modern Singapore has a number of bugbears about urban planning and he wants them off his chest. For starters,
      PHOTO: LAURA NG  -  1,214 words
    • Article, Illustration
      Lock icon Public’s view in masterplanning of limited use, say specialists
      595 5  -  It is good to listen, they say, but urban planners must take a stand or risk making bad decisions URBAN PLANNING By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HOW much participation and say should local communities have in their cities’ master plans?
      SPH FILE PHOTO  -  595 words
    • Article, Illustration
      Lock icon Third Singapore-China project to be based in Chongqing: Xi
      1058 6 “Modern connectivity and modern services” project could lower cost of doing business in western China Straits Times Online Singapore THE third Singapore-China gov-ernment-led project will be based in Chongqing, Chinese President Xi Jinping said at a state banquet at the Istana
      Straits Times Online; PHOTO: SEAH KWANG PENG / THE STRAITS TIMES  -  1,058 words
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      29 3 Credit Suisse f Can she inherit your ambition as well as your wealth? Discover how Credit Suisse can help you plan your wealth for the next generation at credit-suisse.com/successionplanning
      29 words
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      17 5 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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      255 5 THE SOUND VISION SPECIALIST Parrot Tf V Zik 2.0 I The Headphone Bar SALE Cypher Labs Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Chord Parrot Audeze AKG Audinst FiiO g &0 ri _ia Burson Westone shure Grade HiFiMAN Klipsch KEF JAYS Selection of over 200 models available Turntable
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      66 7 COE prices end mostly lower in the latest tender The Straits Times 5 Nov A C A R FOR EVERY PURSE PURPOSE 7 AND 8 NOVEMBER 201 5 SATURDAY SUNDAY 10AM 8PM SINGAPORE EXPO HALL 5 ADMISSION IS FREE “Presenting the best offers from all your favourite brands at the
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Guarded hopefulness
      2524 8 / 9  -  A sense of paranoid optimism helps Bloomberg News’ editor-in-chief John Micklethwait adapt to challenges from the rise of digital platforms to expanding coverage in Asia’s growth story. By Jamie Lee By Jamie Lee leejamie@sph.com.sg @JamieLeeBT JOHN Micklethwait is a newspaper man seized by fear and hope for the
      PHOTO: JOSEPH NAIR  -  2,524 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Frasers Centrepoint’s net profit jumps 54%
      602 10  -  Group CEO says the company’s strategy to diversify overseas and focus on capital productivity is bearing fruit By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FRASERS Centrepoint Ltd (FCL) has posted a 54 per cent increase in net profit to S$771.27 million for the full year
      602 words
    • Article
      Lock icon ST Engineering’s Q3 net profit rises 9.9% as revenue falls
      415 10  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore NET profit for Singapore Technologies (ST) Engineering in the third quarter ended Sept 30, 2015, increased by 9.9 per cent to S$133.26 million from S$121.3 million a year ago. However, its revenue fell 3.4
      415 words
    • Article
      Lock icon Perennial posts quarterly net profit of S$4.78m
      384 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PERENNIAL Real Estate Holdings posted a net profit of S$4.78 million for the quarter ended Sept 30 from income-producing assets in Singapore and operational assets held by Perennial China Retail Trust, which was consolidated with effect from
      384 words
    • Article
      Lock icon Banks here ‘well-placed to help China firms’
      530 11  -  Swee Keat gives overview of the ecosystem that supports continued growth in Singapore-China trade ties By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE banks are well placed to help Chinese companies expand in Asean, Minister of Finance Heng Swee Keat said on Friday.
      530 words
    • Article
      Lock icon StarHub: profit up, in talks with Netflix
      406 11  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore STARHUB is in the midst of discussions with online movie rental service Netflix, the telco revealed on Friday as it announced a 21.5 per cent gain in third-quarter net profit. Howie Lau, StarHub’s chief marketing officer, declined
      406 words
    • Article
      Lock icon F&N sees weak Asean consumer confidence
      305 11  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FRASER Neave (F&N) on Friday sounded a wary note on consumer sentiment in Asean, and said it would restructure its loss-making publishing unit by shifting its education business online. This comes as it reported a surge in full-year
      305 words
    • Article
      Lock icon Fragrance’s Q3 profit up 14.3%, revenue falls
      311 11  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore FRAGRANCE Group’s net profit for the third quarter ended Sept 30, 2015, rose 14.3 per cent to S$27.8 million even as its revenue dropped 52.0 per cent, from S$133.3 million to S$64.0 million. The drop in revenue
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    • Article
      Lock icon STI STOCKS
      308 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 -2 232/228 271 213 6.3 5820 CapitaLand 323 +3 324/320 379 267 11.8 2.8 *****.6 CapitaMall Trust 196.5 -1.5 199/195.5 228 184.5 5.5 6828.9 CityDev 801 -5 810/800 1095 759 9.6
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 115.3 -0.1 69 115.6/115.3 123.5/110.2 115.3/115.4 526.3 STI ETF 305 -2 66 307/305 355/280 305/306 GLD US$ US***** -12 41 *****/***** *****/***** *****/***** 55 UETF SSE50China 250 +1 37 252/249 340/160 231/252
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      802 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 2 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Tee Land 05-Nov-15 Phua Chian Kin Buy 60 0.20 ***** 4.73 ***** 4.74 Tee Land 05-Nov-15 Phua
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 3 0 0 0 4 7 3 Manufacturing 35 42 37 8 9 8 43 51 45 Commerce 17 20 16 2 8 4 19 28 20 Tpt/Stor/Comms 8 13 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,467 17,467 32,479 32,479 Manufacturing 114,397 31,649 146,046 56,557 3,165 59,723 Commerce 115,803 66,681 182,484 55,628 7,264 62,892 Tpt/Stor/Comms 138,549 1,305 139,854 140,733 118 140,851 Finance 33,115 20 33,135 156,261 3 156,264 Construction 12,697 7,336
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Nov 6 VALUE CLOSE BT OB/OS -368.00 -146.00 BT CADI -*****.00 -65.00 BT 10-day MA -*****.00 -37.00 FTSE ST Mid Cap 703.36 -1.98 FTSE ST Small Cap 425.65 +0.98 FTSE ST All Share 728.58 -2.15 FTSE ST China Top 181.53 -0.12 FTSE ST China 220.59 -0.16 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE Jasper Inv 29,702.8 0.010 +0.004 +66.67 Tigerair 52,190.0 0.410 +0.100 +32.26 IP Softcom 33.0 0.018 -0.009 -33.33 Singapore O&G 6,198.7 0.670 +0.025 +3.88 ICP Ltd 5,973.3 0.009 +0.001 +12.50 RickmersMaritime 8,731.0 0.150 -0.016 -9.64 Spackman 80,328.3 0.094 +0.010 +11.91 Resources Prima 14,601.9 0.090 +0.009 +11.11
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    • Article
      Lock icon COMMODITY FUTURES
      192 13 Nov-5 Price Net change change Last Trade Agricultural Nov-5 CBOT Soybeans (US cents/bu) 867.75 -14.25 -1.62% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.83 -0.67 -2.35% 14/12/2015 CBOT Wheat (US cents/bu) 526.25 unch 0.00% 14/12/2015 Nov-5 LIFFE Cocoa (£/tonne) 2223.00 37.00 1.69% 14/12/2015 LIFFE Coffee (US$/tonne) 1637.00 9.00 0.55%
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    • Article
      Lock icon PALM OIL
      57 13 Nov 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2225.0 2188.0 2225.0 2220.0 4 2185 Dec 15 2260.0 2244.0 2267.0 2235.0 1502 ***** Jan 16 2324.0 2322.0 2333.0 2303.0 ***** ***** Feb 16 2370.0 2376.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Nov 6 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.24 5-Year N*****0S 2.000 01-Jul-20 99.95 100.15 100.10 10-Year NX*****Z 2.375 01-Jun-25 97.93 98.30 98.00 15-Year NZ*****F 2.875 01-Sep-30 99.87 100.65 100.13 20-Year NZ*****V 3.375 01-Sep-33 106.15 106.60 106.30
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Nov 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0068 1.0078 0.7152 0.7157 Canadian dollar 1.0691 1.0698 0.7598 0.7595 Euro 1.5314 1.5323 1.0879 1.0882 NZ dollar 0.9292 0.9302 0.6601 0.6606 Sterling pound 2.1384 2.1397 1.5191 1.5196
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      203 13 Most active Nov 6 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left SHS Holdings W*****6 11.2 2.4 8924 1 20 -1 2.81 49 Rowsley Ltd W*****3 3.6 0.2 5720 1 18 11 DBS MB eCW*****1 9 -0.6 2570 0.1
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      365 13 In local curr In S$ In US$ dy yr dy yr dy yr Nov 5 Index Change Change Change Change Change Change World Preliminary 1309.8 -0.2 2.7 0.0 6.1 -0.3 0.0 EAFE Preliminary 1034.9 0.0 4.9 0.1 5.1 -0.2 -0.9 Europe Preliminary 1453.4 -0.1 5.2
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 13 YTD change: -10.54% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,787.94 on Sept 29,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 13 YTD change: -3.13% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,556.60 on Sept 29,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 13 YTD change: +10.99% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,418.17 on Nov 07,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +10.40% 52-week high: 20,868.03 on June 24,2015 52-week low: 16,755.32 on Dec 16,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 13 YTD change: +0.23% 52-week high: 18,312.39 on May 19,2015 52-week low: 15,666.44 on Aug 25,2015 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article, Illustration
      Lock icon US rate fears trim STI’s gain for the week
      579 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent COMMENTS by US Federal Reserve chair Janet Yellen on Wednesday about moving ahead with the interest rate hikes “in a timely fashion” because it is “the prudent thing to do” weighed on stocks here,
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    • Article
      Lock icon GAINERS
      74 14 BY CENTS CLOSE UP 52w high/low JMH USD 5397 77.4 1.0 6788/4502 DBXT MSJAP US$ 4925 45.1 0.7 5277/4433 DBXT CSI300 US$ 1002 32.4 2.3 1471/702 Lyxor Indonesia US$ 7323 32.4 0.3 9182/6250 Lyxor Nasdaq US$ 1857 31.0 1.2 1857/1598 BY PERCENTAGE CLOSE UP 52w high/low Jasper Inv 1
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    • Article
      Lock icon LOSERS
      73 14 BY CENTS CLOSE DOWN 52w high/low DBXT China50 US$ 3173 -19.7 -0.4 4258/2750 JSH USD 2956 -19.7 -0.5 3703/2611 GLD US$ ***** -16.9 -0.1 *****/***** UOB 2046 -16.0 -0.8 2505/1820 DBXT Vietnam US$ 2424 -15.5 -0.5 2963/2139 BY PERCENTAGE CLOSE DOWN 52w high/low GentingSMBeCW*****1 0.1 -83.3 -0.5 1.4/0.1 Infinio
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    • Article
      Lock icon MOST ACTIVE
      37 14 VOLUME Spackman 80,328,300 New Silkroutes 64,289,300 Tigerair 52,190,000 Yamada Green Res 35,081,900 APAC Strategic R 31,700,700 Market volume 1,233,461,000 VALUE DBS Grp 75,423,440 Singtel 57,009,585 UOB 40,537,647 Ascendas Reit 24,018,282 CapitaLand 22,589,228 Market value 749,608,000
      37 words
    • Corporate digest
      • Article
        Lock icon KSH Holdings
        208 14 KSH Holdings will pay a special cash dividend and plans to undertake a bonus share issue as it reported a tripling of net profit in its fiscal second quarter due to recognised profits from a completed China project. Net earnings rose to S$23.2 million, or 5.68 Singapore cents
        208 words
      • Article
        Lock icon Jumbo Group
        138 14 SEAFOOD restaurant owner Jumbo Group’s S$22.1 million Catalist initial public offer (IPO) was about eight times subscribed overall. The company had offered 88.23 million shares at S$0.25 apiece to the public. Retail investors put up S$155.2 million worth of application monies to chase the two million IPO shares
        138 words
      • Article
        Lock icon Venture Corp
        90 14 VENTURE Corp’s net profit rose 12.2 per cent for the third quarter as the company gained market share among existing customers and enjoyed favourable exchange rates. The contract manufacturer’s net earnings increased to S$40.5 million, or 14.7 Singapore cents per share, for the three months ended September. Revenue
        90 words
      • Article
        Lock icon Hong Leong Finance
        94 14 HONG Leong Finance’s thirdquarter net profit rose 17.4 per cent as net interest income gained 8.8 per cent. The commercial lender’s net profit was S$16.8 million, or 15.17 Singapore cents per share, for the quarter ended September. For the nine-month period, net profit rose 8.2 per cent
        94 words
      • Article
        Lock icon Lum Chang Holdings
        107 14 CONSTRUCTION company Lum Chang Holdings posted a four-fold increase in net profit for its fiscal first quarter as it began to recognise revenue from a couple of development projects. Net profit grew to S$8.7 million, or 2.26 Singapore cents per share, for the three months ended September
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  • REAL ESTATE
    • Article, Illustration
      Lock icon After Funtasy Island, it’s South Oceans now
      575 15  -  Developers all set to launch new resort on Rompin, off M’sia’s East Coast near Tioman By Pauline Ng btworld@sph.com.sg Kuala Lumpur BUOYED by the progress of Funtasy Island in Indonesia’s Riau province across from Singapore, its promoters are contemplating a far larger seafront
      PHOTO: ONG WEE JIN / THE STRAITS TIMES  -  575 words
    • Article
      Lock icon Norway SWF mulls over US$86b injection into properties
      437 15 Bloomberg Oslo THE world’s biggest wealth fund says the optimal level of property investments may mean putting another US$86 billion into real estate, singling out Asia as a hot spot for growth. Norway’s US$860 billion fund, whose mandate is set by the
      Bloomberg  -  437 words
    • Article
      Lock icon HK home prices rise for 6th straight month to record high in Sept
      260 15 Reuters Hong Kong HONG Kong’s home prices rose for a sixth consecutive month to a record high in September, official data showed, even as the once red-hot market has started to show signs of slowing amid slackening
      Reuters  -  260 words
    • Article
      Lock icon Househunt
      1173 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 23 AND SEPT 29, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 23/09/2015 99 861 1445 1678 V On Shenton Apt
      1,173 words
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      397 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ZDIRECT SINGAPORE, INC PTE. LTD. Co. Registration No. *****4775E (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company held at 371 Beach Road, #19-07
      397 words
  • BANKING & FINANCE
    • Article
      Lock icon Goldman’s new tack to retain junior bankers
      461 17 It’s making young analysts’ work more interesting, more varied, and more rewarding NYT New York IN an effort to appease young investment bankers over the last few years, Goldman Sachs increased their salaries and gave them Saturdays off. Now, to retain them longer,
      NYT  -  461 words
    • Article, Illustration
      Lock icon UK regulator censures Credit Suisse and law firms over Bumi deal
      489 17 NYT London BRITAIN’S takeover regulator has publicly censured Credit Suisse and two law firms –Freshfields Bruckhaus Deringer and Holman Fenwick Willan over their roles as advisers in the creation of an Indonesian coal mining company formerly known as Bumi.
      NYT; PHOTO: REUTERS  -  489 words
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      Lock icon Page 18 Advertisements Column 1
      21 18 a y www.omy.sg _t“50 Shades of Grey tlU ■am 50 Shapes ofKueh SCAN 8 WATCH NOW more showbiz.omy.sg i-: 1 HITMAN
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    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      93 18 ST 2016 GRAB YOUR CHANCE TO MEET YOUR IDEAL CANDIDATES! Be a part of the STJobs Express Fair 2016. W BOOK YOUR SPACE NOWS Limited Booths Available Showcase your company’s profile to a broad spectrum of jobseekers. Reach out and discuss job opportunities with jobseekers on the ground Extensive media
      93 words
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Mining in space may cost less than on Earth
      630 18 Aussie graduate students put the cost at US$27b, against an LNG plant’s US$54b Bloomberg Melbourne GETTING a mine up and running on the moon or an asteroid would cost less than building the biggest gas terminals on Earth, according to research
      Bloomberg; FILE PHOTO  -  630 words
    • Article
      Lock icon NY investigating Exxon over climate statements
      258 18 Reuters New York THE New York attorney general has launched an investigation into whether Exxon Mobil Corp misled the public and shareholders about the risks of climate change. Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial records, emails and
      Reuters  -  258 words
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      Lock icon Page 19 Advertisements Column 1
      527 19 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF FAIRWOOD WELBECK NATURAL RESOURCES PTE. LTD. CO. REG. NO. *****3446K (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General Meeting of members of FAIRWOOD WELBECK NATURAL RESOURCES PTE. LTD. convened and held at
      527 words
  • TECHNOLOGY
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  • CONSUMER
    • Article
      Lock icon Australia plans for Asian ‘dining boom’ as food exports surge
      514 20 Asian consumers are moving up food chain to more expensive meat and dairy products Reuters Sydney A FALLING currency and a dry spell in the United States have helped Australian food exports jump by a quarter to an annual A$26
      Reuters  -  514 words
    • Article, Illustration
      Lock icon Picasso sells for US$67.45m in windfall for tycoon
      425 20 American billionaire Bill Koch paid just US$3 million for the canvas in 1984 AFP New York A PICASSO picture of a cabaret artist, which carries a second painting on the reverse, sold for US$67.45 million in New York on Thursday, scoring a
      AFP; PHOTO: REUTERS  -  425 words
    • Article
      Lock icon Kering seen selling stake in Puma after revival falls short
      342 20 WP Paris KERING is open to selling its majority stake in Puma after struggling for eight years to turn around the German sport-ing-goods maker, according to people familiar with the matter. The owner of Gucci views Puma as peripheral to
      WP  -  342 words
    • Article, Illustration
      Lock icon Obama: Bomb may have downed jet
      619 21 But Russia, Egypt slam such speculation WP Moscow US PRESIDENT Barack Obama and other senior Western officials said on Thursday that a bomb may have caused a Russian passenger jet to crash in Egypt last weekend, redoubling speculation about a terrorist attack despite heated
      WP  -  619 words
    • Article
      Lock icon Probe vehicle emission rule breaches: EC
      494 21 Reuters Brussels THE European Commission (EC) has written to all 28 European Union member countries urging them to widen their investigations into potential breaches of vehicle emissions rules after Volkswagen admitted it had understated carbon dioxide levels. Europe’s biggest motor manufacturer admitted in September
      Reuters  -  494 words
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      585 21 NOTICES TTN MANAGEMENT LIMITED Company No. *****08 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1)(a)(i) of the BVI Business Companies Act, 2004 that Simon Lian Ang Kwang at 59 Wilkie Road, #05-02, Singapore *****4, has been appointed as the voluntary Liquidator of the Company pursuant
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon When public companies mimic private firms
        1805 22 / 23 Warren Buffett of Berkshire Hathaway and Jeffrey Bezos of Amazon shun short-term gains for long-term performance NYT IT was one of the biggest rebukes of the public markets in recent memory and it may not be the last. In October, just two years after
        NYT; PHOTO: BLOOMBERG  -  1,805 words
      • Article
        Lock icon BROKERS’ TAKE
        369 22 / 23  -  Compiled by Jamie Lee Singapore Airlines Add CIMB Research Nov 6 Nov 6 close: S$11.14 Target price: S$12.97 Singapore Airlines’ earnings underperformed our expectations as its H1 FY16 core net profit made up just 32 per cent of our previous full-year forecast, vs over 40 per cent in
        369 words
      • Article, Illustration
        Lock icon Risking your neck to run with the unicorns
        1136 24 Startups and investors are finding there’s a huge price to pay for that coveted US$1 billion valuation NYT New York IN THE world of Wall Street, where numbers are everything, one number is especially coveted: one billion. Technology startups that achieve US$1
        NYT; PHOTO: AFP  -  1,136 words
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      140 25 WHEEL DEAL The smarter way to sell your car SPECIALLAUNCHPROMOTION$50 petrol voucher for every successful transaction* Fetch the best price for your car in 3 simple steps: SELL YOUR CAR AT THE BEST PRICE Call our Wheel Deal specialists at 6319 8889 8630 8919 and provide details of your car
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  • GOVERNMENT & ECONOMY
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      Lock icon Japan, US lead rule-making under TPP
      667 26 PM Shinzo Abe says the massive Pacific Rim free trade deal will be an economic game changer Reuters AFP Tokyo PRIME Minister Shinzo Abe on Friday hailed a huge Pacific Rim free trade deal, saying it showcased a bid by Japan and the United
      Reuters; AFP; PHOTO: AFP  -  667 words
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      Lock icon Infrastructure firms gloomy despite better economic data in Indonesia
      392 26 Reuters Jakarta STRONGER state spending lifted Indonesia’s growth in the third quarter to its fastest pace this year but many of the companies involved in President Joko Widodo’s infrastructure push say they are still waiting for business to improve. The statistics
      Reuters  -  392 words
    • Article
      Lock icon Mahathir questioned by police but refuses to answer on lawyers’ advice
      248 26 Bloomberg Kuala Lumpur FORMER Malaysian premier Mahathir Mohamad was quizzed by police on Friday over his criticism of current Prime Minister Najib Razak, although he declined to answer questions. Three officers took Dr Mahathir’s statement at a charity foundation
      Bloomberg  -  248 words
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      Lock icon China to restart IPOs as market stabilises
      484 27 CSI300 index notches its best weekly performance since June Reuters Beijing CHINA’S securities regulator said on Friday it would allow the resumption of initial public offerings in China, lifting a suspension put into effect in July as regulators desperately tried to slow a
      Reuters  -  484 words
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      Lock icon Rate cuts and lower currency supporting growth: RBA
      388 27 Bloomberg Sydney AUSTRALIA’S central bank said interest-rate cuts this year and the currency’s depreciation are supporting growth, indicating interest rates are likely to remain on hold. The inflation forecast was lowered for the year through June 2016, as expected, and growth trimmed
      Bloomberg; PHOTO: BLOOMBERG  -  388 words
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      Lock icon Germany’s September industrial output in biggest drop in a year
      432 27 Reuters Berlin GERMANY posted its steepest industrial output drop in more than a year in September, suggesting that Europe’s biggest economy may feel a year-end chill from a slowdown in emerging markets. The 1.1 per cent drop announced on Friday
      Reuters; PHOTO: REUTERS  -  432 words
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  • OPINION
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      Lock icon Branding is vital, and so is purpose
      1529 28 / 29  -  Advocates of purpose in business say brands have no choice but to address customers’ more profound concerns to win their loyalty. By Joseph Baladi By Joseph Baladi ~The writer is a principal of BrandAsian and author of ‘The Brutal Truth About Asian Branding’.
      PHOTO: BLOOMBERG  -  1,529 words
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      Lock icon A house of God for a debate on inequality? That’s profane
      645 28 / 29  -  By Anthony Rowley A STREAM of invitations to briefings and meetings from the International Monetary Fund (IMF) in Washington crosses the desks of journalists such as myself almost daily, but one recent one leapt out at me as being
      PHOTO: BLOOMBERG  -  645 words
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  • LIFE & CULTURE
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      Lock icon Taylor-made
      329 30 BT Infographics American pop star Taylor Swift will perform at the Singapore Indoor Stadium on Nov 7 and 8 as part of her sold-out Asian tour. At age 25, Swift is seen as the most powerful woman in music, an advocate for artists and a game-changer. MINE Taylor Swift
      Source: Billboard, Forbes.com, Fortune.com, The Daily Telegraph, Vulture.com; BT Graphics: Gladys Lam, Airyn  -  329 words
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      Lock icon Jeremy Monteiro takes on ChildAid’s music
      422 31  -  Under his direction, this year’s children’s charity fundraiser will have a more jazzy and intimate feel By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore JAZZ maestro and Cultural Medallion recipient Jeremy Monteiro has been named the new music director of ChildAid. Under his direction, this year’s
      THE STRAITS TIMES FILE PHOTO  -  422 words
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      Lock icon Berlin moves to protect its Wall from souvenir-hunters
      263 31 AFP Berlin A QUARTER-CENTURY after the fall of the Berlin Wall, the city said on Thursday it would build a barrier to protect the longest surviving stretch from a sharp rise in vandalism. The so-called East Side Gallery, a 1.3-kil-ometre-long slab which
      AFP  -  263 words
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      311 31 CRYPTIC CROSSWORD Across 1 Produce uniform piece of low-down compost boxes (11) 10 Amateur Queen cover (5) 11 Massive star, practically perfect, embracing ‘Posh’ (9) 12 ‘Best friend’ catching a cut branch to chew (9) 13 Too much one would set back as before (5) 14 Sweet spot for drive
      311 words
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      111 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      111 words
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      55 1 LivingBTTHE BUSINESS TIMES WEEKEND November 7-8, 2015 GUESS WHO’S COMING TO DINNER? L2-4 ILLUSTRATION: LUDWIG ILIO SIMON ANG BEAUTY Store and more L10-11 DINING A colourful palette L5 HOME GARDEN Nice blend of old and new L12-13 SHOPPING New world of sports L6-7 MOTORING Viva la Volvo L14 SPORTS Crown
      55 words
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  • BT Living
    • DINING
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        Lock icon Seeking culinary stars
        1165 2 / 3  -  The Michelin Guide could well be your next dining partner as Singapore aims to position itself higher on the global fine dining scene. By Jaime Ee By Jaime Ee THE next time you see the words “Michelin star” attached to an imported sushi or dim sum restaurant
        PHOTOS: JAAN, FILE PHOTO  -  1,165 words
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        Lock icon Fresh flow of Michelin fare
        572 2 / 3  -  Out of Tokyo’s three Michelin-starred sushi chefs, two will soon have a presence that is within diners’ reach here in Kuala Lumpur and Singapore By Jaime Ee jaime@sph.com.sg IF the Michelin guide really does come to Singapore, the Emmanuel Stroobant (ES) restaurant group could be
        PHOTOS: SHIKON HONG KONG  -  572 words
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        Lock icon KL’s prized sushi catch
        519 4  -  By Pauline Ng btworld@sph.com.sg HE won’t be in Singapore but at least Kuala Lumpur isn’t that far away for Singapore sushi aficionados to get their fix of Takashi Saito’s three Michelin-starred prized morsels. The chef of hot favourite Sushi Saito is set to open his first
        519 words
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        Lock icon A colourful palette
        860 5  -  Chef Massimo Bottura creates plates that look like works of art and also convey a message. By Rachel Loi guest chef By Rachel Loi @RachelLoiBT rachloi@sph.com.sg CHEF Massimo Bottura is not an artist. He is an artisan, he says, but definitely not an artist. “An artist is
        860 words
    • SHOPPING
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        Lock icon New world of sports
        1221 6 / 7  -  Sporty types out there, gear up as France’s Decathlon brand, the ‘Ikea’ of sporting gear and apparel, pens in Singapore and the region. By Cheah Ui-Hoon RUNNING is the cheapest sport, it is said, because all you need are running shoes. Whoever said that must have
        1,221 words
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        Lock icon Unique retail experience
        433 6 / 7 BESIDES selling sporting equipment and gear, French company Decathlon wants to make sure that its customers get the full sporting experience. That means giving them the space to test products and even engage in a full-fledged game if they wanted to. “It’s about connecting retail with the
        433 words
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        Lock icon High on innovation
        721 6 / 7 b’Twin plant in France, for example, all R&D is done inhouse from the mixing of the paints, spraying, to customising parts. Parts are sourced from the relevant makers like Shimano gears for example but the entire b’Twin bicycle is assembled in the plant, and the process is
        721 words
    • BEAUTY
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        Lock icon STORE AND MORE
        1108 10 / 11  -  The latest slew of standalone beauty emporiums don’t just dispense samples of face potions or free spritzes of a new scent. They are one-stop beauty centres that provide makeovers, facials and even serve as mini brand museums. By May Yip By May Yip WHILE the beauty halls
        1,108 words
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        Lock icon BOUTIQUE MUST-TRIES
        207 10 / 11  -  Check out treatments and promotions exclusive to new standalone beauty stores. By May Yip By May Yip Where: Dior Beauty House, above the Shilla Cosmetics Duty Free Shop at Changi Airport Terminal 3 What: Relax And Detox Before Flying, a treatment to purify and re-energise your skin after
        207 words
    • HOME & GARDEN
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        Lock icon A nice blend of old and new
        1568 12 / 13  -  The home of Darren Sabom and Sharon Siah elegantly incorporates the couple’s ideas while retaining some former elements. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT THIS may be the first home that Darren Sabom and Sharon Siah are
        PHOTOS: JOSEPH NAIR, GUO JIE OF BETON BRUT  -  1,568 words
    • MOTORING
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        Lock icon Viva la Volvo
        630 14  -  The Volvo V60 Cross Country T5 is a practical high-riding wagon with surprisingly good handling. By Samuel Ee By Samuel Ee samuelee@sph.com.sg DRIVE different Volvos over the years and one thing your bottom will notice is that the Swedish carmaker’s chassis tuning is getting better and better.
        630 words
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        Lock icon X CHANGE
        650 15  -  The BMW X1 has undergone dramatic changes to its styling and platform. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE gawky styling is gone but that is not the biggest change to the new BMW X1. The second generation of this compact crossover is now a completely new
        650 words
    • SPORTS
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        Lock icon The crown jewel of women’s tennis
        906 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent EVEN the no-show by the world’s best female tennis player couldn’t take the shine away from what turned out to be a remarkable tournament in Singapore. The fact that Serena Williams withdrew from last week’s BNP
        PHOTOS: AFP  -  906 words
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      591 4 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z6845-1111 Mad About Mediterranean Go mad about Mediterranean this November with a smorgasbord of Mediterranean treats at AquaMarine. Immerse yourself in delights such as Slow Poached Fresh Seafood from the Messina Coast, Turkish Shawarma with Tortilla, Yoghurt Spices, and
      591 words
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      42 8 / 9 m it m m m i CHANEL FINE JEWELLERY m £9 a m j r m 1, 3^ V *T fA w SOUS LE SIGNE DU LION NECKLACE IN YELLOW GOLD AND DIAMONDS RING IN WHITE GOLD, ROCK CRYSTAL AND DIAMONDS www.chanel.com
      42 words
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