The Business Times, 14 November 2015

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Microfilm: NL33683
Total Pages: 41
1 32 The Business Times
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      53 1 LivingBTTHE BUSINESS TIMES WEEKEND NOVEMBER 14-15, 2015 UP CLOSE AND PERSONAL Front row access to the cooking action L2-4 PHOTO: CURE LIVING New Age farming L10-11 DINING Small bites, big tastes L6-7 DESIGN Engineering better solutions L12 SHOPPING Home proud L8-9 MOTORING Ferrari world L15 SPORTS A glowing party on
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon Up close and personal
        1815 2 / 3  -  To improve connections and guest experience, more restaurants are offering diners front row access to the cooking action via chef’s tables. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT FORGET dining at Miche-lin-starred restaurants, getting your name on year-long reservations lists or forking out
        PHOTOS: LAURA NG, UNLISTED COLLECTION, LES AMIS, CURE, BACCHANALIA; PHOTOS: LAURA NG  -  1,815 words
      • Article
        Lock icon Where to go for chef’s table dining
        377 4 Zott’s True Alps 97 Amoy StreetZ6223-0913 The chef's table is in front of the kitchen and can accommodate four guests. Diners pick from a four, six or eight course menu. Cure 21 Keong Saik RoadZ6221-2189 The chef's table is housed in an enclosed
        377 words
      • Article, Illustration
        Lock icon New-Age farming
        1146 10 / 11  -  From vegetables to mushrooms, Japan’s hi-tech agriculture business is making inroads into South-east Asia. Panasonic’s Tuas facility now includes an agricultural area while Hokuto Corp has a plant under its Malaysian subsidiary to grow mushrooms. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg NEXT time you look for a
        PHOTO: CHEAH UI-HOON; PHOTOS: PANASONIC  -  1,146 words
      • Article, Illustration
        Lock icon Mushrooming growth for a special product
        482 10 / 11  -  By Cheah Ui-Hoon uihoon@sph.com.sg ANOTHER hi-tech, clean-room product that Singaporeans can find in the supermarkets here are Maitake, Bunashimeji and Bunapi mushrooms under the Hokto label. The Maitake mushrooms are flown in from Japan, while the two other varieties are grown in Selangor, Malaysia,
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    • DINING
      • Article, Illustration
        Lock icon In his customer’s shoes
        809 5  -  Claude Bosi of two-Michelin-starred Hibiscus Restaurant will sometimes act as a customer in his own restaurant just to experience what it is like. By Rachel Loi guest chef By Rachel Loi @RachelLoiBT rachloi@sph.com.sg EVERY six weeks or so, Claude Bosi makes it a point to sit
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      • Article, Illustration
        Lock icon Small bites, big tastes
        1821 6 / 7  -  Four new F&B outlets are taking the small-plates sharing concept to new heights with innovative injections of Asian flavours. By Rachel Loi By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Back to Asian roots The East Bureau Marina Square, #03-03Z6837-0148 Open Mon to Thu, Sun, noon-10.30pm; Fri to Sat,
        PHOTOS: THE EAST BUREAU; PHOTOS: JOHN HENG, SHAUN TAN; PHOTOS: BLACK NUT; LIN ROOFTOP BAR  -  1,821 words
    • SHOPPING
      • Article, Illustration
        Lock icon HOME PROUD
        2176 8 / 9  -  Homeowners now have more places to shop for furniture and decorative items. There’s even an online service that proffers styling tips. By Tay Suan Chiang and Avanti Nim By Tay Suan Chiang, Avanti Nim taysc@sph.com.sg @TaySuanChiangBT avantin@sph.com.sg Platform for art lovers Luxglove https://luxglove.com/ Also available from Google play
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    • DESIGN
      • Article, Illustration
        Lock icon Engineering better solutions
        961 12  -  For renowned architect Christoph Ingenhoven, good design comes about through an integration of various disciplines. By Arthur Sim CHRISTOPH Ingenhoven believes that “architects are over-rated”. It is a sweeping statement that many architects would pooh-pooh if not for the fact that Mr Ingenhoven is an architect himself.
        PHOTO: YEN MENG JIIN  -  961 words
    • HEALTH
      • Article, Illustration
        Lock icon No single solution
        1454 13  -  Combining statins with newer alternatives might be the way forward in the fight against blocked arteries Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese Doctors Association
        FREE IMAGES  -  1,454 words
    • MOTORING
      • Article, Illustration
        Lock icon Diesel – still delightful
        575 14  - Diesel still delightful The BMW 116d is one of the most fun-to-drive hatchbacks in Cat A. By Samuel Ee samuelee@sph.com.sg IT may be small, and it may be the cheapest BMW model you can buy, but the 116d is still special because it marks the German luxury brand’s return to
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      • Article, Illustration
        Lock icon FERRARI WORLD
        621 15  -  Finali Mondiali, or World Finals, is an annual extravaganza of all things Ferrari. By Samuel Ee samuelee@sph.com.sg THERE is track day, and then there is Finali Mondiali. Italian for World Finals, this is the culmination of Ferrari’s racing year, when the final races of the three Ferrari Challenge
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    • SPORTS
      • Article, Illustration
        Lock icon A glowing party on the run
        956 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THE Illumi Run may officially be labelled as a sports event, but for most of the 10,000-plus people taking part on Nov 28, it will be an evening to let their hair down and boogie the
        FILE PHOTO  -  956 words
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      539 4 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z6845-1111 Mojito Mojitos Adding to the sweet notes of Mojito Mojitos is back to back live entertainment by resident pianist jazz duo to give your evenings that saccharine rush at Atrium Lounge. Eight selections of Mojitos to choose from
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 2,925.68 (-33.33) HSTI FUTURES 2,922.00 (-33.00) HSIMSCI 327.09 (-3.88) HSIMSCI FUTURES 325.35 (-4.35) STOCKS Friday Change KL COMP 1,658.91 -4.29 NIKKEI 225 19,596.91 -100.86 HANG SENG 22,396.14 -492.78 SET 1,382.46 -1.83 JAKARTA 4,472.84 +10.61 MANILA 6,897.77 -12.05 KOSPI 1,973.29 -20.07 SHENZHEN B 1,193.11 -4.09 MUMBAI IND 25,610.53 -256.42
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.710 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$) 1.421 (US$/S$ per 1.522 2.163 EURO (US$/S$/€ 1.078 1.532 Foreign currency per US$ S$ YEN 122.70 86.30 RM 4.375 3.078 HK$ 7.750 5.453 BAHT 35.93 25.28 RUPIAH 13,685 9,628 RENMINBI 6.374 4.484 INDIAN RUPEE 66.18 46.56 A$ 1.402 0.986 NZ$ 1.528 1.075
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    • Article, Illustration
      Lock icon Case rivets rarefied art world
      449 2  -  Allegedly stolen works by Picasso among 38 artpieces in question By Cheah Ui-Hoon uihoon@sph.com.sg Singapore THE transaction of the Modigliani painting isn’t the only thing controversial about the 38 art pieces acquired by Russian billionaire Dmitry Rybolovlev through Swiss freeport king Yves Bouvier. There are
      PHOTO: AFP  -  449 words
    • Article
      Lock icon Sept retail figures reflect weak economic indices
      404 3  -  Economic realities set in as August’s SG50 celebratory spending wears off By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SAVE for car sellers, September was a tough month for Singapore retailers, as harsh external factors wash off the effects of an SG50-induced spending in August.
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    • TOP STORIES: APEC SUMMIT
      • Article, Illustration
        Lock icon Apec at a glance
        144 4 BT Infographics The 27th Asia-Pacific Economic Cooperation (Apec) summit is being held in Manila from Nov 12 19 with the theme ‘‘Building inclusive economies, building a better world”. The first time the Philippines hosted the Apec leaders’ summit in 1996, then-President Fidel Ramos vowed to help
        BTGraphics: Lee U-Wen & Gladys Lam  -  144 words
      • Article
        Lock icon Apec still has role in helping region grow
        371 4 THE Asia-Pacific Economic Cooperation (Apec) bloc may be 26 years old but the 21-member grouping continues to remain relevant as it plays its part to support sustainable economic growth and prosperity in the region. Apec Secretariat executive director Alan Bollard made this
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      • Article
        Lock icon The Philippines set to welcome Apec leaders
        432 4  -  Event budget raises eyebrows, but Manila expects economic spinoffs Reports by LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Singapore THE Philippines is ready to roll out the red carpet to welcome Asia-Pacific’s leaders to its capital Manila, as the South-east Asian nation hosts its most high-profile
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    • Article
      Lock icon Malaysian economy’s Q3 growth slowest in over two years
      269 5 Reuters Kuala Lumpur MALAYSIA posted its slowest economic growth and smallest current account surplus in over two years on Friday, with third-quar-ter data offering little relief for a country whose currency has lost 20 per cent of its value this year.
      Reuters  -  269 words
    • Article
      Lock icon Foreign-local worker swap unproductive
      432 5  -  Academic offers viewpoint at roundtable which also touched on other key S’pore issues By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore IS the Singapore economy close to a tipping point? Is the labour market here really tight? Is Singapore left with productivity as the only source of
      432 words
    • Article
      Lock icon PM Lee in Turkey for two-day G20 Summit
      466 5  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Antalya, Turkey PRIME MINISTER Lee Hsien Loong arrives in Turkey on Saturday to attend the Group of 20 (G20) Summit in Antalya. The two-day meeting of the world’s biggest developed and emerging economies begins on Sunday. Leaders
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    • Article
      Lock icon SCC president, deputy survive ouster bid
      318 6 THE president and deputy president of the Singapore Cricket Club (SCC) both emerged unscathed from a special general meeting on Thursday night, when the resolution to oust them from their posts failed to go through. Seven of the club’s general committee members had earlier
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    • Article
      Lock icon OCBC joins DBS on FD-linked mortgages
      569 6  -  Bank pegs home loan to its 36-month FD rate, while DBS uses 18-month tenure By Jamie Lee leejamie@sph.com.sg @JamieleeBT Singapore FOLLOWING in the footsteps of DBS, OCBC has in the last few weeks been offering a home loan pegged to a fixed deposit (FD)
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    • Article, Illustration
      Lock icon Christie’s ends run of auctions with solid bids
      616 6 NYT New York TIME was when impressionist and modern works were the big news of the auction season, the ultimate trophy art. But as the Christie’s sale on Thursday night attests, those stars have dimmed in the eyes of many of the
      NYT; PHOTO: AFP  -  616 words
    • Article, Illustration
      Lock icon Face to face with a ruthless ‘Emperor’
      1008 7  -  Cancer has taught me three things: Knowledge, Lifestyle Choices and Diet can make all the difference SATURDAY SOAPBOX By Arthur Lee arthurl@sph.com.sg Singapore CANCER. It kills about one in three people in Singapore. If we add the number of cancer survivors, the odds
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      53 2 CONTENTS 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 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 LIVING Living L2-4 Dining L5-7 Shopping L8-9 Living L10-11 Design L12 Health L13 Motoring L14-15 Sports L16
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      36 3 Credit Suisse j. D rSv Vi 5 c i 0) 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
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      61 5 SPACE SALE STARTS TODAY! aaaaaaaaaaaa AAAAAAAAAAAA Space Furniture 77 Bencoolen Street Singapore *****3 Open 10.30am 8pm daily +65 6415 0000 spacefurniture.asia Earn 10 Membership Rewards points for every $1.60 spent on your American Express® Cards. Visit americaexpress.com.sg/extrarewards. nnrinrinrnrn rjn Tn nn rn r[n TTTTvv MAKE SPACE FOR THE END OF
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      85 7 V-Lift ton $800* Non Surgical No Needles No Downtime Effective Results Long Lasting Call +65 6235 1125 for your appointment today! Please quote “BT V-Lift”. *Terms Conditions Apply FACE, BODY SKIN 1 Skin Rejuvenation I Brightening I Resurfacing I J aesthetics medical centre V-Lift I Body Contouring I Stretch Mark
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Future gazing
      2840 8 / 9  -  Mitsubishi UFJ chief executive Nobuyuki Hirano, who has lived through Japan’s boom years and its Lost Decade, is looking ahead with renewed hope as Japan attempts economic revitalisation through Abenomics amid challenges of an ageing society and shifting consumer trends. By Kenneth Lim kenlim@sph.com.sg @KennethLimBT NOBUYUKI Hirano has
      PHOTO: SHAWN TEO  -  2,840 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Olam’s Q3 profit falls 30%
      449 10  -  Absence of one-time gain pulls down profit despite rise in revenue By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OLAM International’s third quarter net profit fell 30 per cent to S$31 million, even as revenue inched up, due largely to the absence of a one-time gain registered
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    • Article
      Lock icon Tat Hong’s Q2 results show signs of stabilisation
      405 10  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore EARNINGS at crane rental company Tat Hong Holdings have stabilised somewhat as cost cutting measures took effect and the percentage of cranes rented out improved slightly in recent months. The company reported a net profit of
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    • Article
      Lock icon Partial disposal gain lifts Parkson’s Q1
      271 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore DEPARTMENT store operator Parkson Retail Asia chalked up a net profit of S$49.46 million for the first quarter of FY16, up from S$6.87 million, lifted by a gain on the partial disposal of a stake in its former
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    • Article
      Lock icon Higher cost of sales stagnates Vallianz Q3 profit
      288 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A SHARP hike in cost of sales more than offset higher revenue for Vallianz Holdings in the third quarter, resulting in flat net attributable profit. Net attributable profit to owners, preference shares and capital securities
      288 words
    • Article, Illustration
      Lock icon US rate hike, slowing growth hobbling STI
      579 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index (STI) fell continuously this week as worries mounted over the impact a December US interest rate hike would have on a slowing global economy. In the session on Friday incidentally, the 13th
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    • Article
      Lock icon GAINERS
      76 11 BY CENTS CLOSE UP 52w high/low DBXT S&P Short US$ 2138 31.3 1.0 2393/2086 DBXT MSCHINA US$ 1300 12.8 0.7 1750/1151 Fuxing China 40 10.0 33.3 110/19 DBXT Vietnam US$ 2340 8.5 0.3 2919/2139 Tianjin ZX USD 122.5 7.1 4.3 191.5/85 BY PERCENTAGE CLOSE UP 52w high/low Europtronic 0.8
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    • Article
      Lock icon LOSERS
      74 11 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -558.5 -1.9 *****/***** JMH USD 5015 -193.3 -2.6 6788/4502 JSH USD 2751 -154.9 -3.8 3703/2611 Prudential USD 2281 -98.1 -2.9 2500/2100 DBXT China50 US$ 3071 -92.4 -2.1 4258/2750 BY PERCENTAGE CLOSE DOWN 52w high/low STI 3300MBeCW*****1 0.4 -76.5 -1.3
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    • Article
      Lock icon MOST ACTIVE
      34 11 VOLUME Noble 122,258,400 Spackman 97,222,100 StratechGroup 82,763,400 Biosensors 56,372,100 Genting Sing 45,907,400 Market volume 1,544,110,000 VALUE Singtel 95,368,957 HongkongLand USD 82,752,463 DBS Grp 65,017,725 Noble 56,379,178 OCBC Bank 56,322,699 Market value 1,097,113,000
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    • Article
      Lock icon Singapore Flyer boosts Straco Q3
      219 11  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE haze did not dent the results of tourist attraction operator Straco Corporation, which on Friday reported results for its third quarter ended Sept 30, 2015. Net profit rose 21 per cent to S$23.6 million, compared to S$19.5 million
      219 words
    • Article
      Lock icon Nam Cheong’s Q3 profit halved on slower OSV market
      387 11  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OFFSHORE support vessel-fo-cused Nam Cheong saw its third-quarter profit after tax almost halved to RM410 million (S$133 million) on lower revenue from its shipbuilding and chartering business. Revenue was down 69 per cent to
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    • Article
      Lock icon STI STOCKS
      309 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 221 -3 223/220 271 213 6.6 5592.3 CapitaLand 306 -5 309/304 379 267 11.2 2.9 ***** CapitaMall Trust 186.5 -2.5 189/186.5 228 184.5 5.8 6481.4 CityDev 763 -8 776/763 1095 759 9.2
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    • Article
      Lock icon SGX ETFs Most Active
      107 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US663 -1 714 665/663 1000/648 661/665 82.9 STI ETF 297 -3 469 299/296 355/280 296/297 UETF SSE50China 245 -3 32 252/245 340/160 235/247 76.6 Nikko AM STI ETF 300 -5 25 307/300
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      800 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 9 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Japan Foods 12-Nov-15 Wong Hin Sun *Buy 21 0.48 8416 4.83 8437 4.84 Tee Land 12-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 2 7 4 0 0 0 2 7 4 Manufacturing 36 44 26 6 7 12 42 51 38 Commerce 9 24 17 4 10 1 13 34 18 Tpt/Stor/Comms 4 27 1
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,408 15,408 52,961 52,961 Manufacturing 191,776 61,185 252,961 132,340 5,438 137,778 Commerce 182,344 63,300 245,644 101,571 3,690 105,261 Tpt/Stor/Comms 132,778 265 133,043 180,069 22 180,091 Finance 17,409 20 17,429 187,426 2 187,429 Construction 14,604 6,064
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Nov 13 VALUE CLOSE BT OB/OS -612.00 -51.00 BT CADI -*****.00 -153.00 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 681.18 -7.42 FTSE ST Small Cap 413.84 -5.30 FTSE ST All Share 706.28 -8.94 FTSE ST China Top 175.03 -2.52 FTSE ST China 213.17 -2.92 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE Nico Steel 100.4 0.094 -0.013 -12.15 Fuxing China 4.3 0.400 +0.100 +33.33 GP Hotels 7,126.0 0.315 +0.020 +6.78 Yongmao 11.7 0.124 +0.031 +33.33 KingsmenCreative 882.5 0.710 -0.075 -9.55 China Auto Elec 265.0 0.068 +0.008 +13.33 Oceanus 24,014.1 0.005 -0.001 -16.67 TA 198.0 0.270 -0.010 -3.57
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Nov-12 Price Net change change Last Trade Agricultural Nov-12 CBOT Soybeans (US cents/bu) 869.25 0.75 0.09% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.44 0.26 0.96% 14/12/2015 CBOT Wheat (US cents/bu) 498.00 3.25 0.66% 14/12/2015 Nov-12 LIFFE Cocoa (£/tonne) 2275.00 15.00 0.66% 14/12/2015 LIFFE Coffee (US$/tonne) 1575.00 -23.00 -1.44%
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    • Article
      Lock icon PALM OIL
      53 13 Nov 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2100.0 1792 Dec 15 2246.0 2183.0 2246.0 2177.0 1251 ***** Jan 16 2347.0 2289.0 2350.0 2285.0 ***** ***** Feb 16 2394.0 2344.0 2394.0 2339.0 7488 *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      61 13 Nov 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.11 5-Year N*****0S 2.000 01-Jul-20 99.73 99.80 99.80 10-Year NX*****Z 2.375 01-Jun-25 97.95 98.05 98.00 15-Year NZ*****F 2.875 01-Sep-30 99.71 20-Year NZ*****V 3.375 01-Sep-33 105.97 30-Year NA*****N 2.750 01-Apr-42
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Nov 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0136 1.0145 0.7132 0.7136 Canadian dollar 1.0689 1.0697 0.7524 0.7521 Euro 1.5316 1.5325 1.0777 1.0780 NZ dollar 0.9295 0.9304 0.6540 0.6545 Sterling pound 2.1626 2.1637 1.5217 1.5220
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      204 13 Most active Nov 13 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.3 0.1 8568 1 18 11 STI 3000 MB eCW*****1 3.7 -0.6 3975 0.0 1 DBS MB eCW*****4 10 -0.6 3170 0.1 1880 5
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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 12 Index Change Change Change Change Change Change World Preliminary 1290.6 -0.8 1.2 -0.9 5.3 -0.8 -1.8 EAFE Preliminary 1025.4 -1.0 3.9 -0.9 4.4 -0.8 -2.6 Europe Preliminary 1423.5 -1.6 3.0
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 13 YTD change: -13.06% 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
        21 13 YTD change: -5.12% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,556.60 on Sept 29, 2015 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 13 YTD change: +10.70% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,450.99 on Nov 19,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +12.30% 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: -2.10% 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 ComfortDelGro Q3 profit up 5.4%
      361 14  -  Revenue rose via sales growth in its bus, taxi, rail, car-rental and leasing and bus-station businesses By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore COMFORTDELGRO Corp’s thirdquarter net profit increased by 5.4 per cent to S$85.2 million, as revenue grew in its transport-pro-vision businesses. The land transport
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    • Article
      Lock icon Boustead Q2 profit drops 41% on oil and gas weakness
      297 14  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore BOUSTEAD’S net profit fell 41 per cent in its second fiscal quarter as demand from the oil and gas segment weakened, the infrastructure engineering company said. Earnings fell to S$10.3 million, or two Singapore
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    • Article
      Lock icon China Aviation Oil Q3 profit more than doubles despite halving of revenue
      310 14  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NET profit for China Aviation Oil (Singapore) more than doubled to US$17.7 million in the third quarter from US$7.3 million a year ago, despite revenue falling by half. The firm’s topline for
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    • Article
      Lock icon Wheelock’s net profit for Q3 up 2.4% at S$11.26m
      352 14  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore WHEELOCK Properties (Singapore) has posted a 2.4 per cent increase in third quarter net earnings to S$ 11.26 million. Revenue for the quarter ended Sept 30, 2015 rose to S$83.90 million from S$22.76 million in
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Govts should lay off property markets: don
      818 15  -  Much better for authorities to regulate banks instead of trying to control real estate prices By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore IF he had his way, Joseph Gyourko would prefer to see governments regulating banks instead of directly intervening in real estate markets.
      PHOTO: YEN MENG JIIN  -  818 words
    • Article, Illustration
      Lock icon CityDev unit to renovate Grand Copthorne Waterfront for S$17m
      287 15  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore CITY Developments’ (CDL) Millennium Copthorne Hotels unit will renovate the Grand Copthorne Waterfront hotel in Singapore for S$17 million through the third quarter of 2016, CDL announced on Friday. The refurbishment of the 574-room hotel
      287 words
    • Article
      Lock icon Househunt
      1143 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 30 AND OCT 6, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 02/10/2015 99 2691 6500 2415 The Sail Marina Bay Apt
      1,143 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Gains from yuan inclusion in SDR not so clear-cut
      738 17 It all depends on how quickly China opens its markets, say banks Bloomberg Taipei THE yuan’s coronation as the International Monetary Fund’s fifth designated reserve currency will be either worth more than US$1 trillion in fund inflows or little more than
      Bloomberg; PHOTO: BLOOMBERG  -  738 words
    • Article
      Lock icon China banks take market share from stalwarts in Asian LBO loan business
      462 17 Reuters Hong Kong FACED with slower economic growth and rising bad debts at home, Chinese banks are muscling in on the US$9 billion private equity (PE) buyout loans business in Asia, using generous terms to grab market share
      Reuters  -  462 words
    • Article
      Lock icon Banks likely to adopt new tech rather than be overrun
      222 17 Reuters New York NEW technology firms are battering all kinds of companies, but banks will remain as financial intermediaries, due to the regulations and duties governments have put on them, says a proponent of the technology behind the bitcoin cryptocurrency.
      Reuters  -  222 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Main component in solar power dirt cheap
      659 18 Polysilicon prices hit record low amid supply glut that’s set to linger Bloomberg New York PRICES for polysilicon the main ingredient in solar cells have dropped to a record low amid a supply glut that won’t end soon. There’s so much of the
      Bloomberg; FILE PHOTO  -  659 words
    • Article
      Lock icon Oil inventory glut at its highest in at least a decade: Opec
      601 18 Bloomberg London SURPLUS oil inventories are at the highest level in at least a decade because of increased global production, according to the Organization of the Petroleum Exporting Countries. Stockpiles in developed economies are 210 million barrels higher
      Bloomberg  -  601 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      92 18 ST 2016 GRAB YOUR CHANCE TO MEET YOUR IDEAL CANDIDATES! Be a part of the STJobs Express Fair 2016. 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 publicity
      92 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon YouTube joins music streaming fray
      655 19 The platform will offer songs both with and without video, and users can switch instantly to an audio-only mode AFP New York YOUTUBE on Thursday entered the increasingly crowded field of music streaming, hoping to reach a new audience through a user-friendly service that seizes
      AFP; PHOTO: BLOOMBERG  -  655 words
    • Article
      Lock icon Global uncertainty, strong dollar hit Cisco sales
      502 19 Bloomberg San Francisco CISCO Systems Inc says weaker global economic growth and the strength of the US dollar are hurting international sales of its equipment that manages Internet traffic, forcing it to dial back forecasts. Companies in Latin America, Canada and some parts
      Bloomberg  -  502 words
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      Lock icon Page 19 Advertisements Column 1
      315 19 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SING HOLDINGS (CAIRNHILL) PTE. LTD. (COMPANY NO. *****5371H) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS Notice is hereby given that at an Extraordinary General Meeting of the above named company held at 96
      315 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Fossil buys wearable device firm for US$260m
      407 20 It’ll use Misfit’s know-how across a selection of its 16 brands, marrying fashion with tech Bloomberg New York FOSSIL has agreed to acquire Misfit, a maker of wearable devices, for US$260 million to shore up its technology as it pushes into smartwatches. Misfit
      Bloomberg; PHOTO: BLOOMBERG  -  407 words
    • Article, Illustration
      Lock icon Thanksgiving turkeys cost more after bird flu wipeout
      639 20 Bloomberg Chicago TO make sure all 15 of the Busch’s Fresh Food Market stores had enough turkeys over 22 pounds (10 kilogrammes) to sell for Thanksgiving this month, meat buyer John Taormina began ordering in January. He didn’t end up with a
      Bloomberg; FILE PHOTO  -  639 words
  • Page 20 Advertisements
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      69 20 HOT PROPERTY ILLOURA, CLUSTER SEMI-D Old Holland Rd. FH. 4 yrs young 4305sf, 5 rms. 1 km to MGS. 3 sty basement 2 pte car lots lift on all floors. Outdoor dining+pond.Near King Albert Park MRT. Hurry! **GCB BUKIT Sedap, Off Holland 19,9xx/ 9xxxsf. 10yrs old on Elevated grd. Quiet.
      69 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Malaysia Airlines mulls premium service
      462 21 CEO says he would never say never to the option of retiring the A380s Reuters Bali MALAYSIA Airlines (MAS) could introduce a premium economy option to attract long-haul business travellers as one part of a broader strategy to try to help it exit years of
      Reuters; PHOTO: BLOOMBERG  -  462 words
    • Article
      Lock icon Maersk gets debt market warning to shun container line takeovers
      542 21 Bloomberg Copenhagen DEBT markets are warning AP Moeller-Maersk A/S not to pursue an acquisition in the struggling container line industry. Neptune Orient Lines Ltd last week said that it was in talks with Maersk and CMA CGM SA as South-east
      Bloomberg  -  542 words
    • Article
      Lock icon General Motors to sell China-made cars in US in 2016
      222 21 AFP New York GENERAL Motors (GM) plans to sell Chinese-made cars in the United States beginning early next year a first for a major carmaker, The Wall Street Journal reported on Thursday. GM, the top US carmaker, will introduce the
      AFP  -  222 words
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      414 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MIDAS TOUCH INVESTMENT PTE. LTD. ACRA No. *****9594G (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the above-mentioned Company duly convened and held at 781 North Bridge Road #02-00, Singapore *****9 on 12 November
      414 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Retail sales, producer prices fare poorly in October
      547 22 Weak spending tone unlikely to significantly shift expectations of a Fed rate hike next month LATEST US DATA Reuters Washington US retail sales rose less than expected in October while producer prices dropped in October for a second straight month. A surprise
      Reuters  -  547 words
    • Article, Illustration
      Lock icon Slower eurozone growth gives ECB ammunition to act in December
      517 22 Reuters Berlin ECONOMIC growth in the eurozone slowed more than expected in the third quarter as weaker foreign trade held back leaders Germany and France, and with much of the rest of the bloc underperforming. The 19-member eurozone grew by
      Reuters; PHOTO: REUTERS  -  517 words
    • Article
      Lock icon China probes market watchdog’s vice-chair over selloff
      334 22 Bloomberg Hong Kong CHINA’S top graft-buster announced an investigation into a senior official at the nation’s securities regulator on Friday, as the government deepens its crackdown on the financial industry in the wake of a US$5 trillion stock-market selloff. Yao Gang, one of
      Bloomberg  -  334 words
    • Article, Illustration
      Lock icon Fed officials lay out case for December lift-off
      772 24 There is broad consensus at the Fed that rates would move slowly after initial rise Reuters Washington US FEDERAL Reserve officials lined up behind a likely December interest rate hike with one key central banker saying the risk of waiting too long
      Reuters; PHOTO: BLOOMBERG  -  772 words
    • Article
      Lock icon Hong Kong posts 0.9% Q3 growth
      414 24 Reuters Hong Kong HONG Kong’s economy proved more resilient than expected in the third quarter, despite China’s slowdown and weaker retail sales as fewer tourists streamed across the border on shopping sprees. As an open economy on China’s doorstep, Hong Kong is vulnerable to
      Reuters  -  414 words
    • Article, Illustration
      Lock icon Modi’s UK visit yields £9 billion of deals
      552 25 They include a partnership to develop 3 Indian cities, Indian bond issues for London market Bloomberg Reuters London BRITISH and Indian companies agreed on £9 billion (S$19.5 billion) of deals as Narendra Modi became the first Indian prime minister to visit the
      Bloomberg; Reuters; PHOTO: AFP  -  552 words
    • Article, Illustration
      Lock icon Aung San Suu Kyi’s party seals historic election win in Myanmar
      498 25 Bloomberg AFP Yangon A QUARTER century after Myanmar’s generals denied Aung San Suu Kyi an election win, she led her party to victory, ousting a mili-tary-linked government and edging the South-east Asian nation closer to full democracy. The National
      Bloomberg; AFP; PHOTO: AFP  -  498 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      281 23 WHEEL DEAL The smarter way to sell your car SELL YOUR CAR ATTHE BEST PRICE who d to o get hed on with ce by e car car for p on and o get r car car sk ce inhas llion nsacnd car at m of the car ved ful
      281 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Making angels out of investors
        1484 28 / 29  -  Angel Labs and similar outfits organise invitation-only angel investing ‘boot camps’ for well-heeled people keen to learn how to assess startups. By Sarah Max By Sarah Max NYT NEARLY every week, all around t h e wor ld wealthy people, wealthy people, self-made business owners
        NYT; PHOTO: NYT  -  1,484 words
      • Article
        Lock icon BROKERS' TAKE
        586 28 / 29  -  Compiled by Jamie Lee Singtel Add CIMB Research, Nov 12 Nov 13 close: S$3.86 Target price: S$4.50 Singtel’s Q2 FY2016 core net profit was largely flat y-o-y as higher associates earnings were offset by weaker Optus earnings due to a 12.8 per cent softer Australian dollar vs the
        586 words
      • Article, Illustration
        Lock icon An argument for active investing
        956 30  -  There are both structural and cyclical reasons to shift from passive investing. WEALTH INSIGHT By Ben Funnell ~The writer is portfolio manager at Man GLG THE move from active to passive investing has been nothing less than seismic for the asset management industry. In the
        Source: BAML, Morningstar; Source: Bloomberg  -  956 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Global warming may force changes to French wine
      644 31 Bordeaux vintners trying out more heat-tolerant grape varietals to preserve the region’s characteristic flavour AFP Bordeaux CAN the world’s most-storied wine region adapt to climate change without losing its identity? This question is haunting the Bordeaux region as the threat of global
      AFP; PHOTO: AFP  -  644 words
    • Article, Illustration
      Lock icon Sporting GOH joins SGX charity run
      107 31 THE Singapore Exchange’s (SGX) Bull Charge 2015 charity run on Friday raised S$2.9 million with a last-minute, VIP twist. Guest-of-honour Social and Family Development Minister Tan Chuan-Jin (centre, above) joined the 5km Mass Run, with over 6,000 runners, after flagging off the 3km Chief
      107 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      382 31 CRYPTIC CROSSWORD Across 1 Pub’s daily hours in this part of the world? (5,5) 6 Caught with joint in nick (4) 10 Showing contempt for losing out in short-lived affair (5) 11 Edna anonymously appearing in Cornish resort to get tranquillisers (9) 12 Shock about family’s use of cosmetics etc
      382 words
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      44 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK OFFSHORE DIAMOND SET IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE FORUM THE SHOPPING MALL 583 ORCHARD ROAD #01-05/06 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CASINO LEVEL B2M-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
      44 words