The Business Times, 8 October 2014

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Microfilm: NL33268
Total Pages: 53
1 18 The Business Times
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  • Title Section
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    29 1 THE BUSINESS TIMES SS1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 s y
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  • Article, Illustration
    Lock icon DAILY DIGEST
    244 1 Today, The Business Times is new across all its print and digital platforms with the core aim of providing Singapore’s business news readers with sharper news and analysis and a better reading experience, whenever they need it. TOP STORIES 2 The government will still keep a close watch
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  • Article
    Lock icon MARKETS
    25 1 Tuesday Change STI 3,243.99 (-9.25) KL COMP 1,833.54 (-7.28) NIKKEI 225 15,783.83 (-107.12) HANG SENG 23,422.52 (+107.48) SHENZHEN B Closed DOW(noon EDT) 16,862.45 (-129.46)
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  • Article
    Lock icon Astute stock picking or insider trading?
    1270 1  -  Jury is still out on why SGX stock prices move before M&A deals are made public By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE MARKET has been able to anticipate some of the year’s biggest deals, although the quality of that anticipation is spotty, according
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  • Page 1 Advertisements
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      69 1 *****4 HOCK LOCK SIEW A designated board for trading in suspended stocks? COMPANIES MARKETS 6 EXECUTIVE MONEY Lack of S-E Asian long bond sales irks insurers REAL ESTATE China player on Singapore soil 14 BACK PAGE 32 ONLINE ONLY The BT COE Tracker: an interactive chart with latest results and
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      Lock icon Page 1 Advertisements Column 2
      82 1 What’s new in BT News organised by industry sectors, rather than geography 1 2 Fresher, cleaner design focusing on clarity and ease of use More extensive use of infographics and visual journalism 3 4 Two new pages of value-added market data, replacing previous stock listings 5 6 New responsive website
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      114 1 1% 1 V > m CHAMPIONING THE VERY BEST It takes passion, mastery and unwavering determination to reach and remain at the top of your game. As a leading developer of luxury lifestyles and properties, SC Global shares this relentless pursuit of excellence and self-challenge, and pays tribute to the
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  • TOP STORIES
    • Article, Illustration
      Lock icon The new Business Times: Intelligence at Work
      32 2 BT has refreshed, to bring readers the best in business reporting. Here’s a quick guide to what’s new. BT Graphics: Teh Shi Ning Simon Ang
      BT Graphics: Teh Shi Ning & Simon Ang  -  32 words
    • Article
      Lock icon Refreshed paper, refreshed newsroom
      1221 2  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore TODAY, The Business Times is new across all its print and digital platforms with the core aim of providing Singapore’s business-news readers with sharper news and analysis and a better reading experience, whenever they need it. For Singapore’s first
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    • Article, Illustration
      Lock icon Reporting business through the years
      478 2 The Business Times has been there, through 38 years of bull and bear markets, boom-time and recessions, the euphoria and bursting of tech and property bubbles, conflicts and pandemics. So, as the newspaper embarks on its most extensive relaunch yet, here’s a look back at
      BT Graphics: Teh Shi Ning & Simon Ang  -  478 words
    • Article
      Lock icon Guard against relapse into foreign worker reliance
      592 4  -  PM: While govt has no plans to further squeeze inflow, it will keep close watch against backsliding by employers By Chuang Peck Ming peckming@sph.com.sg Singapore THE government will still keep a close watch to ensure companies don’t slip back to over-rely on foreign
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    • Article, Illustration
      Lock icon Singaporean to helm Citibank Malaysia
      271 4  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore CITI has picked Singaporean Lee Lung Nien as chief executive of its Malaysian unit Citibank Bhd to oversee the bank’s franchise in the country, including its institutional clients, consumer banking, cards and wealth management businesses. Deemed a “Citi veteran”,
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    • Article, Illustration
      Lock icon Sakae boss’s omakase for manufacturing body
      569 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore AS CHAIRMAN of the sushi empire Sakae Holdings, Douglas Foo may seem an unlikely candidate to helm Singapore’s manufacturing association. “I think that’s the reason they brought me in in the first place,” said Mr Foo, with a
      PHOTO: ARTHUR LEE  -  569 words
    • Article
      Lock icon KL Budget 2015 to ease inflation concerns, but will stick to fiscal cuts
      494 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur TO contain discontent over spiralling prices, Malaysia’s Budget 2015 is expected to dish out aid to lower income households and civil servants, yet demonstrate a continued commitment to fiscal consolidation. Prime
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    • Article
      Lock icon Way being paved for commercial court next year
      475 5  -  YESTERDAY IN PARLIAMENT By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE is a step closer to establishing itself as the world’s third neutral jurisdiction in the world, with the impending setting up of the Singapore International Commercial Court (SICC) early next year. To
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    • Article
      Lock icon Bill on remote gambling passed
      406 5  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore PARLIAMENT on Tuesday passed the Remote Gambling Bill after the House debated the draft legislation for three hours, in particular, homing in on its allowance for exemptions. Several of the 10 Members of Parliament (MPs) who spoke expressed concern
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    • Article, Illustration
      Lock icon Minister: Causeway toll hikes have limited impact on firms
      510 5  -  Ser Luck tells Parliament land transport costs constitute only small proportion of total business costs By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE Causeway toll hikes could affect the profit margins of some Singapore-based small and medium enterprises or SMEs, even though
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      315 4 FRANCHISING LICENSING ASIA 2014 Exhibition Conference 16-18 October 2014 10.30am 6.30pm (Thu Fri) 10.30am 5.30pm (Sat) Marina Bay Sands, Singapore Sands Expo Convention Centre, Level 1 Hall B C www.FranchiseLicenseAsia.com Invest in proven businesses at the region’s premier franchise trade event! Over 250 brands from 22 countries in USA, Europe,
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      93 4 Setting up a call centre??? All-Touch Cloud Call Centre Seeking Regional Partners a No need to buy, •subscription basis. Converged Solutions From $985 per month Answer Calls from office, home or anywhere ith Internet Ini it loud Exp 0 9014 ,9 30 October 20 cvhibition Centre Please email to michaelkoh@convsoln.com
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      64 5 BNP PAR BAS WTA FINALS SINGAPORE presented by SCglobal BNP PARIBAS BRINGING YOU THE WORLD'S BEST IN WOMEN'S TENNIS *«r i ii mn Simona Halep Serena Pe Eog Maria ra me Kvitova Bouchard s '•ac i SUPPORTING EVERY KIND OF TENNIS FOR OVER 40 YEARS Singapore Indoor Stadium at Singapore
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Global airline stocks fall 4% in Sept
      559 6  -  worries over weak Europe, China economic data and Ebola cited; but shares still up 11% for first nine months By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AIRLINE share prices worldwide slid 4 per cent month-on-month in September, with Asian and North American airline counters
      Source: Thomson Reuters Datastream  -  559 words
    • Article
      Lock icon A designated board for trading in suspended stocks?
      798 6  -  TT HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT OVER the past months, attracting retail investors back into the stock market and restoring confidence lost in last October’s penny-stock crash have become a challenge for the authorities. Better education, higher quality offerings,
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    • Article, Illustration
      Lock icon SingTel partners FireEye to boost regional cyber defence
      678 7  -  US$50m to be co-invested over next five years to build Advanced Security Operation Centres in S’pore, Sydney By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Telecommunications Ltd (SingTel) has teamed up with network security company FireEye to provide an enhanced cyber security
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    • Article
      Lock icon Yongnam to sell Johor plant for RM153m
      276 7  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore YONGNAM Holdings’ wholly owned subsidiary, Yongnam Engineering, has entered into a sale and leaseback agreement on its Malaysian plant in Nusajaya, Johor. The cash consideration for the plant, to be sold to Axis Real Estate Investment Trust,
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    • Article
      Lock icon DBS ‘class’ for startups, SMEs
      186 7 DBS Bank has launched a new programme, DBS BusinessClass, for startups and small and medium enterprises (SMEs) looking for business advice and opportunities across Asia. Delivered through a mobile app, the programme allows entrepreneurs to consult and connect with industry experts, investors, and fellow entrepreneurs.
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    • Article, Illustration
      Lock icon Gone are the days of bean counting
      1554 8  -  The digital age brings with it new challenges and opportunities for the accountant.BY ACCOUNTING FOR CHANGE accountant.BY MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT THE advent of the digital age has changed the way most of us live and work for some, to a much greater
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    • Article, Illustration
      Lock icon Grand Banks Yachts exits SGX watch-list
      385 8  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore LUXURY boat maker Grand Banks Yachts is off the Singapore Exchange’s (SGX) watch-list from Thursday, marking a turnaround for the hitherto troubled firm which entered the list in 2011. Stronger demand for luxury boats in North America and
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    • Article
      Lock icon Knowing the digital customer
      301 8 UNDERSTANDING the market these days is more complex because of the new breed of “digital” customers. But how are they different from the traditional customer? The key difference is in the manageable relationship between buyer and seller, say digital marketing specialists. That liaison starts the moment
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    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times index Oct 7,2014 3,243.99 -9.25 (-0.28%) Current streak 1 day Day high 3,261.31 Day low 3,237.31 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Oct 7,2014 844.79 -6.99 (-0.82%) Current streak 1 day Day high 854.32 Day low
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    • Article, Illustration
      Lock icon Weak Europe opening drags STI down
      756 10  -  Index closes nine points lower despite early support from Hong Kong market; trading volume weak at S$1.1 billion TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday drifted to a 9.25-point loss at 3,243.99. It was initially supported by a
      Source: Bloomberg  -  756 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 -2 226/224 250 206 6.4 5659.8 CapitaLand 308 -5 315/306 348 268 15.4 2.6 *****.6 CapitaMall Trust 191 -1.5 193/191 209 180 5.4 6623 CityDev 946 +2 947/944 1118 860 12.8
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME Compact Metal 112,918,000 Xpress 71,909,000 APAC Strategic 42,803,000 IHC 42,093,000 GRP 40,868,000 Market volume 1,651,103,000 VALUE DBS Grp 88,839,970 Keppel Corp 58,225,510 SingTel 57,368,030 UOB 46,359,940 Global Logistic 46,331,225 Market value 1,095,936,000
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    • Article
      Lock icon SGX ETFs Most active
      111 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 155 350 157/155 165/140 155/158 48.4 Lyxor Asia US$ US498 -1 150 499/498 543/450 497/499 72.7 STI ETF 328 -1 129 330/327 343/298 328/329 IS MS India US$ US741 +6 89 752/740 779/541 739/741
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Oct 7 VALUE CLOSE BT OB/OS -464.00 +3.00 BT CADI -*****.00 -103.00 BT 10-day MA -*****.00 -47.00 FTSE ST Mid Cap 754.63 -4.32 FTSE ST Small Cap 528.71 -1.85 FTSE ST All Share 787.23 -2.65 FTSE ST China Top 190.62 +0.19 FTSE ST China 222.25 +1.53 FTSE
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      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 7,2014 787.23 -2.65 (-0.34%) Current streak 1 day Day high 791.51 Day low 786.30 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Oct 7,2014 1,807.95 +15.61 (+0.87%) Current streak 1 day Day high 1,812.49 Day low 1,791.46 52-week high 1,995.49 (July 3, 2014) 52-week low 1,790.27 (Oct 9, 2013)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 5 0 0 0 4 5 5 Manufacturing 37 46 37 8 10 9 45 56 46 Commerce 16 26 16 1 9 5 17 35 21 Tpt/Stor/Comms 4 24 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,100 21,100 86,089 86,089 Manufacturing 413,036 44,748 457,784 145,722 4,966 150,688 Commerce 113,134 54,793 167,927 92,029 2,574 94,603 Tpt/Stor/Comms 101,851 4,206 106,057 151,795 786 152,581 Finance 16,054 49 16,103 188,715 11 188,726 Construction 23,178 35,313
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    • Article
      Lock icon GAINERS
      77 10 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 8836 283.1 2.6 9636/6957 Jardine C&C 4129 93.0 2.3 4901/3330 DBXT China25 US$ 3079 89.3 2.3 3367/2577 DBXT AUDCS SG$ ***** 71.0 0.3 *****/***** DBXT iBoxxUSTr US$ ***** 57.4 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low RenewableEnW*****9 0.9 350.0
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    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** -321.4 -1.8 *****/***** DBXT iBoxxSvEu US$ ***** -211.7 -0.6 *****/***** DBXT iBoxxKR US$ ***** -126.3 -0.6 *****/***** IS S&P500 US$ ***** -117.3 -0.5 *****/***** DBXT USDIGIfl US$ ***** -76.5 -0.2 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Singapore eDev
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 10 VOL CLOSE($) CHANGE Yong Xin Intl 72.0 0.029 +0.019 +190.00 S i2i 10,618.0 0.006 +0.001 +20.00 Brooke Asia 115.0 0.125 +0.017 +15.74 Sitra 10,271.0 0.016 -0.003 -15.79 Techcomp 44.0 0.360 +0.030 +9.09 Vicplas Intl 211.0 0.083 +0.008 +10.67 China Flexpack 425.0 0.020 +0.005 +33.33 Smartflex 195.0 0.130 +0.020
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    • BROKERS’ TAKE
      • Article
        Lock icon Genting Singapore
        116 10 Buy Oct 7 close: S$1.10 Target price: S$1.32 UOB Kay Hian, Oct 7 Consistent with the selldown in the regional gaming space, Genting Singapore’s (GENS) share price has retreated by about 18 per cent in the past two months, mainly affected by lacklustre Macau GGR (gross gaming revenue)
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      • Article
        Lock icon Vard Holdings
        154 10 Buy Oct 7 close: S$0.88 Target price: S$1.01 Goldman Sachs Research, Oct 6 Vard’s share price has fallen 21 per cent in the last three months, given concerns on the recent crude oil price decline, the drilling slowdown in North Sea and potential Brazil tax provisions. Our updated
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      • Article
        Lock icon Yongnam Holdings
        190 10  -  Compiled by Kenneth Lim Buy Oct 7 close: S$0.195 Target price: S$0.27 DMG Partners, Oct 7 Yong Nam announced that it has entered into a sale-and-purchase agreement with RHB Trustees Bhd in its capacity as trustee for Axis Real Estate Investment Trust, pursuant to which Yongnam Malaysia has
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      • Article
        Lock icon CALENDAR
        8 10 DATA I 4pm Singapore COE bidding results
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    • Article
      Lock icon Euro drops as German production plunges
      412 11 TT CURRENCIES London THE euro weakened as German industrial production fell the most since 2009, underscoring the risk of a slowdown in the region’s largest economy that may put pressure on the European Central Bank to expand stimulus. The shared currency dropped the most
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    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        470 11 Oct 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.981 5.399 0.696 6.819 53.947 107.212 0.954 9.376 2.864 1.120 90.139 39.252 1.122 9.848 0.844 26.739 28.660 0.547 0.879 Canada 1.020 5.504
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Oct 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1214 1.1218 0.8793 0.8795 Canadian dollar 1.1432 1.1439 0.8969 0.8964 Euro 1.6119 1.6126 1.2639 1.2643 NZ dollar 1.0006 1.0014 0.7846 0.7851 Sterling pound 2.0518 2.0527 1.6089 1.6093
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Oct 7 S$ Bid Offer 1-month 1.2753 1.2755 2-months 1.2753 1.2755 3-months 1.2753 1.2756 6-months 1.2752 1.2755 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        366 11 Oct 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.17 *****.52 *****.57 Dec14 *****.00 *****.00 *****.00 *****.00 *****4 *****5 Mar15 *****.00 *****.00 *****.00 *****.00 4 224 MSCI TAIWAN INDEX FUTURES SPOT 329.76 330.26 326.98 Oct14 330.70 331.60 326.10 328.70 ***** *****7 Nov14 330.50
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        215 11 Most active Oct 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Compact Metal Indus W*****0 3.6 0.2 ***** 1 2 25 DBS MB eCW*****6 12.5 -0.8 ***** 0.2 1880 3 GRP Ltd W*****7 2.9 0.2 6282 1 8
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 6 Index Change Change Change Change Change Change World Preliminary 1228.0 0.0 3.7 -0.1 2.3 0.2 1.1 EAFE Preliminary 956.9 0.4 0.1 0.6 -4.5 0.9 -5.6 Europe Preliminary 1360.5 0.3 0.4
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 11 Oct 7 $S Offer Bid 0vernight 0.05 0.01 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.03 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon SIBOR
        36 11 Oct 7 (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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        Lock icon GOVERNMENT SECURITIES
        67 11 Oct 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.03 5-Year N*****0H 1.625 01-Oct-19 100.25 100.27 100.27 10-Year NY*****H 3.000 01-Sep-24 105.66 105.75 105.70 15-Year NY*****E 2.875 01-Jul-29 101.82 101.90 101.90 20-Year NZ*****V 3.375 01-Sep-33 107.68 107.60 107.60
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        59 11 Oct- 6 Price Net change change Contract Agricultural Oct-6 CBOT Soybeans (US cents/bu) 942.25 30.00 3.29% 14/11/2014 CBOT Soybean Oil (US cents/lb) 33.32 1.03 3.19% 14/10/2014 CBOT Wheat (US cents/bu) 491.50 5.75 1.18% 12/12/2014 Oct-6 LIFFE Cocoa (£/tonne) 2007.00 12.00 0.60% 12/12/2014 LIFFE Coffee (US$/tonne) 2165.00 85.00 4.09%
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      • Article
        Lock icon Metals
        73 11 Oct-6 COMEX Gold (100 oz) 1206.70 14.50 1.22% 29/10/2014 COMEX Silver (USD/troy oz) 17.23 0.40 2.38% 25/11/2014 LME Aluminium, 99.7% purity (3 Mths U$/MT) 1929.00 15.00 0.78% LME Copper, Grade A (3 Mths U$/MT) 6710.00 68.00 1.02% LME Lead (3 Mths U$/MT) 2103.00 25.00 1.20% LME Nickel (3 Mths
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      • Article
        Lock icon Energy and Oil
        80 11 Oct-6 Crude Oil Brent/blend (1-Mth F) 91.89 -0.03 -0.03% Crude Oil WTI (Near Mth) 90.39 0.74 0.83% Crude Oil Dubai (1-Mth F) 91.67 -0.82 -0.89% Crude Oil Tapis Blend 95.13 -0.55 -0.57% Crude Oil-Indonesia Minas FOB 90.63 -0.55 -0.60% Naphtha Singapore Spot FOB 88.56 unch 0.00% Jet
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      • Article
        Lock icon PALM OIL
        57 11 Oct 7 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2210.0 2202.0 2211.0 2206.0 47 957 Nov 14 2205.0 2195.0 2213.0 2192.0 1913 ***** Dec 14 2199.0 2180.0 2204.0 2176.0 ***** ***** Jan 15 2212.0 2194.0
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    • IN BRIEF
      • Article
        Lock icon Tat Hong eyes listing for China crane business
        63 12 CRANE operator Tat Hong Holdings is exploring a possible spin-off of at least part of its tower crane rental business in China through a listing. This would provide access to additional funding to capitalise on growth opportunities in this area of business
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      • Article
        Lock icon Texchem-Pack delisting date extended
        54 12 PACKAGING-SOLUTIONS provider Texchem-Pack Holdings has obtained conditional approval from the Singapore Exchange to delay its delisting date, as it seeks more time for its major shareholder Texchem Resources Bhd to make a reasonable exit offer for its shareholders. The delisting timeline has been extended to April
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    • Article
      Lock icon Keppel O&M bags deals worth S$153m
      419 12  -  Keppel Shipyard will convert a FPSO vessel for Armada Cabaca while Keppel Nantong will build a submersible barge for Smit Shipping Singapore By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore KEPPEL Offshore Marine has secured contracts from repeat customers worth a total of S$153 million. The
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    • Article
      Lock icon ‘Qualified’ opinion on Magnus Energy’s accounts
      692 12  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore LEGAL wrangling over the ownership of a subsidiary has made it difficult for the auditors of Magnus Energy to determine the accuracy of certain parts of its financial statements. This has led auditing firm Moore Stephens to give
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    • Article
      Lock icon Boustead wins Airbus centre deal worth over S$20m
      269 12  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore A SUBSIDIARY of engineering services group Boustead Singapore has clinched a contract worth over S$20 million to design and build a training centre for repeat customer Airbus Asia, bringing the group’s current orderbook to more than
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      193 6 6 th business excellence GLOBAL CONFERENCE ON PRODUCTIVITY, INNOVATION AND GROWTH 29 30 OCTOBER 2014 /< RAFFLES CITY CONVENTION CENTRE EARLY BIRD RATE: $642.00* STANDARD RATE: $727.60* All prices include 7% GST) The line-up of distinguished speakers include: CONSUMER GOODS DESIGN THINKING HEALTHCARE HOSPITALITY HUMAN RESOURCE LOGISTICS PROFTAD FUNAHASHI Chief
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      237 6 ASEAN BUSINESS INVESTMENT SUMMIT 2014 REGISTER NOW ASEAN’s Premier Annual Business and Investment Event 11-13 November Myanmar International Conference Centre II Nay Pyi Taw Myanmar 1 fe? Don Lam VinaCapital Group Yasmin Tun Thura Htet Melvyn Pun Aladad Khan Myanmar Information SPA Group DHL Express Technology Myanmar Michael Riady Timothy
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      202 7 The Oaks Cellars Shop Online It’s Si "Discovery! Special Offer! John’s Blend Margarete’s Shiraz 2009 www.oaks.com.sg Usual; SS105.00 NOW. S$69.00 OAK S Smoothens the road for those who lead the way. The new S-Class. Vision accomplished. Pioneering a new era of intelligent driving is the new S-Class. The innovative MAGIC
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      2260 12 The Business Times Ik 1 X 1 Toll free 1800-289-8822 I I Email noticesiasph.com. sg 1 i www.sphclass.com.sg/notices IRfOGd/JB FOODS LIMITED (Incorporated in the Republic of Singapore) (Company registration no. *****0268D) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms used herein shall bear the same meaning as
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      19 12 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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      1088 13 ADVERTORIAL From strength to strength Wollongong programmes give Singapore students an edge in infocomms and psychology AS it celebrates its 10th year of partnership with SIM Global Education (SIM GE) this year, Australia’s University of Wollongong (UOW) has already produced 2,300 graduates from its Singapore programmes. “We are very proud
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  • REAL ESTATE
    • Article, Illustration
      Lock icon China player on Singapore soil
      1231 14  -  Govt’s cooling measures may have hit Qingjian’s business, but it’ll benefit in the long haul, says its GM.BY GM.BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT Singapore FOR an overseas Chinese developer that has operated in Singapore for the last 15 years, Qingjian Realty is rather empathetic towards
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    • Article
      Lock icon Builder shortage seen for London luxury homes
      341 14 BLOOMBERG London PLANS to build luxury homes in London have increased to the point where it will become difficult for some developers to find builders for their projects, consulting firm EC Harris LLP said. Developers aim to construct more than 25,000 luxury properties
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    • Article
      Lock icon China’s Anbang Insurance Group buys Waldorf-Astoria for US$1.95b
      524 14 NYT New York THE Waldorf-Astoria was unofficially known as New York’s regal palace shortly after its opening in 1931, becoming home to many of the city’s important social functions and visiting dignitaries from countries whose flags fluttered from the parapets. Eighty-three years
      NYT  -  524 words
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      91 14 $1.8 MILLION T Estimated Draw on Thu, 9 Oct 2014 at 6.30pm For details, visit www.singaporepools.com.sg p layA Always play with care responsibly] Do not bet illegally. RGB Reg No: *****0202G m /N Z, m An=r £7 7H X A /LLA SR m 7E m M 15 BISTRO BOYS The
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  • BANKING & FINANCE
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      380 15 Cold Storage The fresh food people INTERNATIONAL HE FAIR 2614 flVIVOCITY LEVEL 1 ATRIUM 6-12 OCTOBER 2014 10am 10pm daily L T 1 \r j i v* v i'tr ,4 CHATEAU LAGRANGE Saint-Julien 2011 1500ml U.P. $248.00 1500ml U.P. $248.00 BRIO DECANTENAC BROWN Margaux 2010 75cl U.P. $78.00 ABBONA Barolo
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Canada plant’s fate depends on tax deal: Petronas
      509 16 LNG plant will face a delay of 10-15 years if a favourable tax agreement is not reached with British Columbia this month, it warns REUTERS Vancouver MALAYSIAN state-owned energy company Petronas said it could delay its planned US$ 11 billion liquefied natural
      REUTERS  -  509 words
    • Article
      Lock icon Malaysia palm oil output at 7-month low in Sept: survey
      582 16 BLOOMBERG Kuala Lumpur PALM oil production in Malaysia, the biggest supplier after Indonesia, probably dropped the most in seven months in September after reaching a record in August. Output slumped 11 per cent to 1.81 million metric tons from an
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      Lock icon Philippines to stop buying rice for the rest of 2014
      482 16 REUTERS Manila THE Philippines, one of the world’s biggest rice importers, is set to end purchases of the grain for this year’s requirements, the country’s food security chief said on Tuesday. The state grains procurement agency, the National Food Authority
      REUTERS; PHOTO: AFP  -  482 words
    • Article
      Lock icon US Gulf crude premiums to fall as new pipelines boost supplies
      594 16 BLOOMBERG Houston US GULF crude is set to drop below international prices, after trading at a premium for the longest stretch in a year, as new pipelines bring additional supplies to the region. Enbridge Inc, Enterprise Products Partners LP
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      556 16 MORE SEATS MADE AVAILABLE! THE THINK BIG ENTREPRENEURS CONVENTION 2014 KNOW TODAY’S CUSTOMER Discerning. Connected. Has choices. Whether you are in retail or B2B, service or F&B, your customer today is an evolved entity. Understanding her profile is only the first step to closing a sale. The more important question
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  • TECHNOLOGY
    • Article
      Lock icon Manufacturing solutions expo opens today
      443 17 The Singapore Innovation and Productivity Conference 2014 will be held alongside it Singapore MANUFACTURING Solutions Expo 2014, the first trade exhibition of its kind in Singapore, opens on Wednesday, showcasing innovation-led solutions by some 100 exhibiting brands. The exhibitors, taking up a 6,000 sq m
      443 words
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      Lock icon HP resolving valuation problem, not its future
      414 17  -  By Robert Cyran *131 REUTERS BREAKINGVIEWS New York HEWLETT-PACKARD’S plan to split in two leaves it just 10 per cent undervalued and looking for a future. Over the past three years, chief executive Meg Whitman has boosted the tech conglomerate and its stock
      *131 REUTERS BREAKINGVIEWS  -  414 words
    • Article
      Lock icon Amazon faces EU probe over tax deal
      274 17 REUTERS New York THE European Commission is set to begin a formal probe into allegations that Luxembourg had allowed Amazon.com Inc to benefit illegally from state subsidies for its European operations for almost 10 years, the Financial Times reported. The investigation relates to
      REUTERS  -  274 words
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      1 17 Hospitality&TourismConference201
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      32 17 OCTOBER ISSUE OUT NOW! IN THIS ISSUE H s 5a!f y +02/.+* ,)/(-#002 WIRELESS FREE! Power Bang! 14.8 portable charger worth $149.90 with a 1-year print subscription. While stocks last. Visit www.hardwaremag.com
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      2181 17 TIONG WOON CORPORATION HOLDING LTD (Company Registration No. *****5837C) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of TIONG WOON CORPORATION HOLDING LTD (the “Company”) will be held at 200, Pandan Loop, #03-01, Singapore *****8 on Friday, 24
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  • CONSUMER
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      1563 18 The Business Times NOTICES Toll free 1800-289-8822 Email noticesiSsph.com.sg www.sphclass.com.sg/notices CENTURION CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1088W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Centurion Corporation Limited (“Company”) will be held at The Conference Room, 45
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      25 18 ACHIEVESTARSTYLE WITHTHEOCTOBER ISSUE OF MEN’S HEALTH! Plus all the best products and advice for looking your best at the Men’s Health 2014 Grooming Awards! MENSHEALTH.COM.SG
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      89 18 /2nd An^al 10-12 November 2014 Suntec Singapore Convention Exhibition Centre www.patientcareasia.com PabienbCare Asia 2014 Event Highlights Network with 250+ healthcare leaders and practitioners Learn from 10 case studies from top hospitals across Asia Opening keynote by Randall Carter, Senior Vice President of Planetree, United States Special rates* for healthcare institutions!
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      3882 19 Gquation CORP LIMITED EQUATION CORP LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1110N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Eighth Annual General Meeting of Equation Corp Limited will be held at 2 Bukit Merah Central, Podium Block, Level 3, Room P303, Singapore
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  • TRANSPORT
    • Article
      Lock icon Costs flat for vessel owners, but for how much longer?
      933 20  -  Flat or falling costs could be a sign of an industry under pressure, or one headed for bigger bills either in repairs or for compliance to new laws TT STRAIT TALK BY DAVID HUGHES IT is now well known that
      933 words
    • Article
      Lock icon Jones Act tanker idle as Brent, US-crude spread falls
      301 20 REUTERS New York A US Jones Act coastal tanker hired this summer by Delta Air Lines’ refining arm has been anchored empty for nearly two weeks in the Gulf of Mexico after weaker European crude markets reopened an arbitrage to ship
      REUTERS  -  301 words
    • Article, Illustration
      Lock icon Automotive suppliers in the spotlight at Paris Motor Show
      693 20 New suppliers, including Google, Apple, AT&T, help make cars more ‘intuitive’ WP Paris IF YOU want to see where the global car industry is going, book a flight to this always beautiful city and attend one of the world’s oldest and
      WP; PHOTO: BLOOMBERG  -  693 words
    • Article
      Lock icon Captain in S Korea ferry disaster owns up to errors
      340 20 AFP Gwangju, South Korea THE ship’s captain at the heart of South Korea’s ferry disaster acknowledged during his murder trial on Tuesday that he had erred in leaving an inexperienced crew member at the helm when the vessel capsized. Testifying
      AFP  -  340 words
    • Article
      Lock icon More Ford cars come under safety probe
      568 21 US agency investigates problem of power steering failures on 938,000 cars from 2010-12 model years NYT New York AFTER the Ford Motor Co recalled about 1.1 million vehicles this year for power steering failures, the National Highway Traffic Safety Administration is investigating the
      NYT  -  568 words
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      Lock icon Analysts see Tesla unveiling an all-wheel-drive luxury sedan
      449 21 Move expected to better position firm in markets with cold weather BLOOMBERG New York TESLA Motors will probably unveil an all-wheel-drive variant of the Model S luxury sedan on Oct 9, said analysts including Brian Johnson at Barclays and Ivan Drury at
      BLOOMBERG; PHOTO: BLOOMBERG  -  449 words
    • Article
      Lock icon Toyota has least distracting voice system
      277 21 BLOOMBERG Detroit TOYOTA Motor Corp’s voice-activat-ed system is no more distracting than an audio book, according to the AAA Foundation for Traffic Safety, while most such systems can cause “inattention blindness” for drivers. The foundation tested systems from six carmakers by having drivers use
      BLOOMBERG  -  277 words
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      Lock icon US plans to boost Ebola screening at airports
      1367 22 Obama also rules out banning flights to the three West African countries worst affected by the virus WP Washington US PRESIDENT Barack Obama said on Monday the US government would increase passenger screenings in the United States and Africa to detect the
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      26 20 OUT NOW IN BOOKSTORES* KINOKUNIYA TIMES MPH POPULAR ON APP STORE http://goo.gl/84yPpx ON GOOGLE PLAY http://goo.gl/qXrZMV THE PEAKSELECTIONS GOURMET TRAVEL DIGITAL IS AVAILABLE ON MOBILE DEVICES
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      69 21 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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      49 22 FM N t*"' \W^ IOSS92 All the great songs in one place Win S$9,200 cash by identifying the five mystery celebrity voices! Tune in now to Kiss92's Maddy, Jason Arnold in the Morning, weekdays 6:00 -10:00am! facebook.com/kiss92fm 0kiss92fm www.kiss92.sg Download on the m AppStore ANDROID APR ON Google play
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon IMF trims global growth outlook, warns of eurozone stagnation
      608 23 Forecasts for world growth cut for the third time this year to 3.3% for 2014 and 3.8% for 2015 REUTERS Washington THE International Monetary Fund (IMF) cut its global economic growth forecasts for the third time this year on Tuesday, warning
      REUTERS  -  608 words
    • Article
      Lock icon Russia spends US$1.68b in two days to defend rouble
      509 23 BLOOMBERG Moscow RUSSIA’S central bank spent at least US$1.68 billion to prop up the rouble over the last two trading days, its biggest intervention since President Vladimir Putin’s incursion into Ukraine in March. The Bank of Russia ended a five-month pause
      BLOOMBERG  -  509 words
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      Lock icon Thai business group expects exports to shrink this year
      516 23 REUTERS Bangkok THAILAND’S top business group expects exports to shrink this year, a further worrying sign for the military government which is struggling to re-energise the sputtering economy after months of political unrest. The junta hopes its recently announced plan to
      REUTERS  -  516 words
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      Lock icon Malaysia’s Aug exports up 1.7%, beating forecast
      471 24  -  Imports grew 7.6%, driven by rise in intermediate imports. Growth in exports thus expected in Q4 2014 By S Jayasankaran Kuala Lumpur MALAYSIA’S exports grew by a moderate 1.7 per cent in August from a year ago, outdoing the street’s expectations of a
      PHOTO: BLOOMBERG  -  471 words
    • Article
      Lock icon Europe’s factories get a carbon permit windfall
      802 24 BLOOMBERG London EUROPEAN factories are poised to pocket a windfall of about US$2.5 billion a year as utilities rush to buy emissions permits from manufacturers who get them free. Power producers from RWE AG to Vattenfall, Europe’s biggest greenhouse gas emitters, will have
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      Lock icon Stimulus is here to stay but no need to expand it soon: BOJ
      848 24 REUTERS Tokyo BANK of Japan governor Haruhiko Kuroda stressed his resolve to maintain massive stimulus for a prolonged period but shrugged off the need to expand it soon, remaining upbeat on the outlook despite signs the economy
      REUTERS  -  848 words
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      Lock icon Aussie dollar likely to fall 4% more by next year, say forecasters
      801 24 BLOOMBERG Singapore THE top Australian dollar forecaster sees a further 4 per cent loss by mid-2015, cushioning the economy as the Reserve Bank takes steps to curb a housing boom. HSBC Holdings, the most accurate predictor in the
      BLOOMBERG; PHOTO: BLOOMBERG  -  801 words
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      719 23 A special feature brought to you by “Location, location, location!” That used to be the battle cry of retailers and businesses all clamouring to get the best location that would ensure the most traffic to their business. GIVE BUSINESS PROSPECTS WHAT THEY WANT: ENGAGING, EMOTIONAL AND EDUCATIONAL CONTENT! Today, the
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Michael Bloomberg receives honorary knighthood
      594 25 Former New York City mayor’s entrepreneurial, philanthropic efforts in the UK finally pay off NYT New York MICHAEL Bloomberg, the former mayor of New York City, has harboured a long-standing fondness for Britain selecting London as the European home for both his company and his
      NYT; PHOTO: BLOOMBERG  -  594 words
    • Article
      Lock icon Nobel winner for medicine says brain’s ‘inner GPS’ evident in London cabbies
      450 25 AFP London JOHN O’Keefe, the US-British neuroscientist who won the Nobel Prize for Medicine on Monday, told AFP that the brain’s “inner GPS” or global positioning system he discovered was starkly evident in London taxi drivers. The 74-year-old,
      AFP  -  450 words
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      102 25 Autumn Matsutake Indulgence Till 15 October 2014 The Matsutake season is back again and Executive Chef Moon Kyung Soo serves up exquisitely prepared dishes with these highly prized Japanese mushrooms. Be treated to flavourful creations like the Matsutake Mushroom Kettle Soup and Kagoshima Wagyu Sukiyaki with Matsutake. 8-Course Dinner $220++per
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  • Page 25 Miscellaneous
    • Miscellaneous
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      315 25 CRYPTIC CROSSWORD Across 1 informed about origin of dubious promotion on the Web (6) 5 Money firm when invested in central heating (4,4) 9 Elector not sure to be forgiven a lot, possibly including treason without cause (8,5) 10 Available when needed, but moaned about empty neighbourhood (2,6) 11 Fixed
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  • OPINION
    • Article
      Lock icon End of America’s QE could prove painful for investors in Asia
      484 26 EDITORIAL THIS month will mark a major milestone in the global economic calendar: it will herald the end of three rounds of quantitative easing (QE) by the US Federal Reserve. While this has been a long-anticipated event, its consequences
      484 words
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      Lock icon Race on to win over a Modi-fied India
      853 26  -  TT THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 NARENDRA Modi, who as a young man sold tea by the railroad but who became India’s Prime Minister in May,
      853 words
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      Lock icon TURBULENCE AHEAD
      1172 26  -  Financial markets are headed for uncharted waters as the Fed prepares to tighten and ECB and BOJ continue to ease, warn analysts and financial institutions. BY ANTHONY ROWLEY BY ANTHONY ROWLEY THE calm before the storm is always deceptive, and dangerous. Storm signals have been hoisted in many
      PHOTO: BLOOMBERG  -  1,172 words
    • Article
      Lock icon Only reforms can deliver world from secular stagnation
      752 27  -  POVERTY AND GROWTH By Tarun Kataria T The writer runs a corporate finance advisory practice. He is also an independent director and advisory board member. ACOUPLE of weeks ago, I attended the advisory board meeting of a private equity fund. The fund
      752 words
    • LETTERS TO THE EDITOR
      • Article
        Lock icon Minimum trading price on mainboard: Ultimate aim should be S$1
        549 27  -  Vincent Khoo THE article “MTP Rule a move in the right direction” (BT, Oct 6) gave a diversity of views from many industry leaders on the proposed move to have a minimum trading price (MTP) for the mainboard of Singapore
        549 words
      • Article
        Lock icon EMA explains electricity tariff-fuel price link
        260 27  -  Juliana Chow Director, Corporate Communications, Energy Market Authority NARAYANA Narayana asked about the relationship between electricity tariff and fuel prices (“Oil prices, electricity tariffs don’t tally”: BT, Oct 3). The electricity tariff consists of two main components the fuel cost component and the non-fuel
        260 words
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      Lock icon MONEY’S WORTH AND A GAME OF CHANCE
      1045 27  -  The proposed Remote Gambling Bill is a good move against social ills but it can also hit social games. BY LUC DELANY games.BY LUC DELANY T The writer is chief executive officer of the international Social Games Association THE broad goal of Singapore’s
      PHOTO: ASHLEIGH SIM/ THE STRAITS TIMES  -  1,045 words
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      389 28 C a il a n E n n o r e J e d d a h B r Shanghai■ Chittagong i s b a n e H o n g Ho Chi Minh J e b e lA K o n g NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE
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  • Article
    Lock icon Shipping times
    1801 28 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville KMTC Mumbai 1402E 23 Sep 07 Oct 24 Oct 27 Oct 30 Oct 01 Nov 04 Nov 05 Nov 07 Nov 10 Nov 10 Nov 14 Nov
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      85 29 Shipping lines seeking reliable Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image, Corporate Developments and Company Anniversary. There’s no
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      268 30 ST A presents Seminar on Opportunities Outlook of hilippines Property Market 2014 2015 j; m c i rr A I i nv IP cj —.n:n i r« 11’ 1 in Why attend the seminar? Where are the gems in the Philippines property market? What are the opportunities for property rental
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      381 31 Today’s markets move fast. i m Financial District, New York. .*>»■ sMua Make sure you keep up. Don't miss out. Talk to your advisor about a UBS Investment Mandate. Benefit from the expertise of more than 900 analysts, economists and strategists around the globe, 24 hours a day. You keep
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Lack of SEA long bond sales irks insurers
      882 32 Issuance of debt by companies in the region due in 20 years or more is at US$4.2 billion so far this year, compared with the full-year US$12.3 billion in 2012 BLOOMBERG Singapore A SLUMP in South-east Asian long-term bond sales to around
      BLOOMBERG; FILE PHOTO  -  882 words
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      Lock icon High-yield assets are in, gold is out
      773 30  -  Investors are becoming increasingly bearish after the Federal Reserve raised interest rate-hike expectations.By TT MONEY MATTERS expectations.By RAJESH YOHANNAN T The writer is managing director of foreign exchange trading firm OANDA Asia Pacific. Follow him on Twitter: @R_Yohannan AS the US dollar’s strength
      773 words
    • Article
      Lock icon SocGen buyback gauge beats JPX-Nikkei 400
      714 30 The Solactive Japanese Buyback index has surged 12 per cent this year Index, BLOOMBERG Tokyo THE JPX-Nikkei Index 400 has spawned a better performing counterpart as brokerages seek to profit from a gov-ernment-led push to make Japanese companies stop hoarding money. A stock gauge
      Index, BLOOMBERG  -  714 words
    • Article
      Lock icon More equity buys than sales by mutual funds
      447 31 TT ON THE RADAR GLOBAL mutual funds were net buyers of Singapore equities in the three months to Sept 26. In aggregate, funds bought some S$450 million worth of shares, raising their positions in total by 1.2 7 per cent over the
      447 words
    • Article, Illustration
      Lock icon Investors start chasing Europe’s distressed assets
      679 31 Prices rise as banks offload more loans amid ECB asset quality review BLOOMBERG London THEY were the bank assets nobody would touch during Europe’s financial crisis. Late payments on credit cards, underwater mortgages and failed loans to small businesses. Now everybody wants them. The
      BLOOMBERG  -  679 words
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      734 32 HPii •Jk •Jl Ml IJJ i m mm RAILROADS SEMICONDUCTORS BROADCASTING APPAREL ENERGY^ MERCHANDISE m RESTAURANTS n »c INSURANCE IT REITS IT K, AEROSPACE ops SPORTING CAPTURE THE US WITH A SINGLE i ■BEVERAGES! IMICniMCI appliances r II MAI ySm- rii r^BK?TECKTNQLOGY HEALTHCARE^! ENTERTAINMENT A RETAIL MEDIA! FBNA .rJ The
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      22 32 ON THE RADAR More equity buys than sales by mutual funds 31 MONEY MATTERS High-yield assets are in, gold is out 30
      22 words
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      87 34 Piaget Rose Passion Collection, Haute Joaillerie. M < Se i ms a* r r rC m The High Jewellery collection is the ultimate embodiment of Piaget’s many talents. Creators delve into the legendary heritage of the House, reinventing themes that are dear to them with a constant concern for seizing
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      31 35 PiageT Perfection in Life VN'WLI.. 1 s a mmm* •V Hollywood, Los AngelesPiaget Limelight Gala, White gold watch set with diamonds. it y -x. v- ..>■ “T? v v: i# piaget.com i*
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  • CEO CONVERSATIONS 2014
    • Article, Illustration
      Lock icon AHEAD OF THE GAME
      502 1  -  By Mindy Tan AS businesses navigate increasingly competitive markets, two key themes stand out in their strategy to get ahead of their rivals service excellence and innovation. Regardless of the nature of their business, chief executive officers are focused on understanding their customers better, knowing what
      Picture: istock  -  502 words
    • Article, Illustration
      Lock icon CEO VISIONSISIONSSONSS
      879 2 The 15 business leaders interviewed in these pages set out their vision for their companies ASUS As a global renowned PC brand, ASUS delivers the commitment to provide innovative technology that transforms computing experiences. ASUS endeavours to integrate both hardware and software solutions across all categories seamlessly, thereby
      879 words
    • Article, Illustration
      Lock icon AN ALL-IN-ONE APPROACH
      1158 3 Users’ needs come first with Asus’ design thinking focus ASUS,theTaiwanesemultinational computer hardware and electronics giant, started out as a humble computer motherboard maker with just a handful of employees in 1989. Since then, it has become one of the growth stories of Taiwan’s electronics and computer industry.
      1,158 words
    • Article, Illustration
      Lock icon DAVID AND GOLIATH
      727 4 David Yuen, managing director of Austpac International, shares the secrets of the real estate agency’s success. WITH only 2 5 staff, Austpac International Pte Ltd’s taking on of the property market is like the fable of David and Goliath. And, like the tale, the group, which has
      727 words
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      Lock icon A REMARKABLE EXPERIENCE
      959 5 Citibank keeps it simple, focuses on delivering consistent and positive customer interactions For veteran Citi banker Han Kwee Juan, standing out in the crowded consumer banking space comes down to applying three strategies. irst, Citibank aims to deliver a remarkable, consistent customer service experience where customers get
      959 words
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      Lock icon FOCUS ON THE CUSTOMER
      979 6 DWG’s ultimate goal is to serve clients better PROPERTY purchase is one major big-ticket investment decision that DWG hopes to walk through with its clients. This is why the firm has placed much emphasis on educating and training its sales people to the highest standard in
      979 words
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      Lock icon BE NIMBLE, BE QUICK
      981 7 Boutique developer EL Development has leaped into the major league with its swift decision making and fast turnaround. IN navigating a landscape increasingly fraught with policy uncertainties and market fluctuations, nimbleness is key in property development. This is why boutique developer EL Development, which first started
      981 words
    • Article, Illustration
      Lock icon DRIVING EPSON TO NEW HEIGHTS
      1077 8 Epson’s strength lies in the Japanese tradition of monozukuri the art and science of manufacturing, and it aims to consolidate its global No 1 position in projector technology. JAPANESE technology giant, Seiko Epson Corporation is one of those companies which keeps a low profile but
      1,077 words
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      Lock icon CREATING VALUE FROM REAL ESTATE
      662 9 The eco development theme is Funtasy Island Development’s unique value proposition, and it intends to take its headstart and run with it THE prospect of owning a waterfront villa was once unimaginable to most Singaporeans but it is now within their reach with a ferry
      662 words
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      Lock icon GOING GLOBAL
      908 10 Gaylin Holdings is poised to take on the world’s players in the rigging and lifting business IN many ways, Desmond Teo is not your typical Chief Executive Officer. Unlike the MBA-armed, slick technopreneur, Mr Teo is one of a rare breed of business leader in today’s well-heeled corporate
      908 words
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      Lock icon A PREMIER OFFERING FOR THE AFFLUENT
      745 11 Great Eastern paves the way with Premier Client Group THEY are dubbed the affluent, individuals with S$200,000 to S$1 million of investable assets. Everyone is courting them as fast as their numbers are growing. Now, local insurance giant Great Eastern has waded into the
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      991 12 Fast-growing Hatten Group aims to be among Malaysia’s top 10 premier developers by 2020 COLIN Tan June Teng may be just 31 years of age, but he has made people sit up and take notice. Hatten Group, the Malaysia-based property development and investment corporation he runs, has emerged
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      990 13 From a loss-making private school to a debt-free professional institute with two overseas campuses, MDIS has come a long way in 25 years TALK about making a complete turnaround in fortunes. When R Theyvendran first arrived at the Management Development Institute of Singapore (MDIS) back in
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      944 14 Property developer MB Group aims to improve the quality of life for all THE coming year is a busy and exciting time for Johor-based MB Group of companies. TriTower Residence Johor Bahru Sentral, its landmark luxury development right next to the proposed RTS (Rapid Transit System) station
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      985 15 MSIG Singapore looks at the human side of every insurance product CHIRPY music plays in a YouTube video. A precocious, bespectacled five-year-old boy called Max is using his toys and blackboard to explain the finer points of home and travel insurance. Clad in suspenders and
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      Lock icon MAKING FUTURES POSSIBLE
      915 16 PSB Academy focuses on being industry-relevant through quality programmes and tie-ups This year, PSB Academy celebrates its 50th anniversary. One of Singapore’s oldest private education providers, PSB Academy has come a long way since its early days as a Government unit tasked to raise the productivity of
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      1066 17 ZONE Telecom goes the extra mile to customise services for companies big and small ZONE Telecom first took the Singapore market by storm in May 2000, when its 1511IDD service gave customers big savings on their long-distance calls. Now, the firm has set its
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      298 1 Builder of Distinction Setia SP SETIA BHD CROUP INTERNATIONAL AWARD-WINNING DEVELOPER MALAYSIA I VIETNAM I AUSTRALIA I SINGAPORE I CHINA 1 UNITED KINGDOM 8-TIME WINNER FIABCI Malaysia Property Awards 8-TIME WINNER Th m iJJ 6 TIME WINNER FIABCI Prix d’Excellence Awards Aon Hewitt Best Employers 2011 Overall Best Malaysia 2013
      298 words
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      402 3 ASUS recommends Windows. ASUSPRO BU201Enhanced Reliability with Free 3 Years Onsite Warranty Built for mobile business, ASUSPRO UltrabookTMSeries is engineered to boost greater reliability, mobility and security. Indestructible Quality with MIL-SPEC Validates ruggedness, durability and quality against military specification tests under extreme conditions: heat, cold, dust, vibration, thermal shock, mechanical
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      258 4 PLAN FOR In the past 10 years, there is a general trend worldwide of a more affluent lifestyle at the expense of less home ownership (including Singapore). While our next generations are spending tens of thousands of dollars on high-tech mobile phones, holidays, expensive seafood dinners and all that excessive
      258 words
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      241 5 i m i Citigold Private Client i t Giving you and the business you helm that extra edge At Citigold Private Client, we understand your business could have a direct impact on your personal wealth portfolio. That is why we invite you to leverage our CEO Conversations, a proprietary platform
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      296 6 DWG REAL ESTATE Dennis Wee Realty Pte Ltd (L*****83F) LOW f LOW HIGH RETURNS T MnR r TH am PIQI/ HU ANTI IM INTERNATIONAL ’MUKt IHAN nloK BRAND EXIT STRATEGY i 50%i>0LD Existing Building other Developments Holiday Inn Express A Guaranteed Returns and Operational Buy Back ICKS Li GUARANTEED RENTAL
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      288 7 THE DEVELOPMENT OF A SUCCESS STORY Under the visionary leadership of its managing director, Mr Urn Yew Soon, EL Development has built up a sterling track record of quality projects in less than a decade. In 2006, its inaugural project Rhapsody on Mount Elizabeth was sold out within weeks of
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      418 8 IT ALL STACKS UP TO MAKE EPSON NUMBER 1 EPSON EXCEED YOUR VISION Immersive Home Entertainer Brightest 3D Images 1080p Resolution 600,000:1 Contrast Ratio Flexible Placement Compact Traveller Light Weight Portable Wireless Ease of Setup e fo! no in m mi (A) Tm as m V as as Better Products
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      51 9 YOUR HOME LIKE NO OTHE OVER THE WATER VILLA From s$ 558.000 From 993 s< Luxurious 1 bedroonT 7 0/*\ Rent Guarantee 1 /U per year for 5 years* Buyer Seller Stamp Duly CALL 8131 2000 v JU Ws* mmm 1 .3 j Sj i_1 i V > -j fife-
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      151 10 GAYLIN Trusted For Lifting Rigging Providers of solutions to the Offshore Oil and Gas Industry Specialising in supply of Heavy Lift Slings and Deep Water Mooring Systems mr I '’A \> >4 r cm I* CZE22M3 omce /974 GAYLIN SINGAPORE Gaylin International Pte Ltd www.gaylin.com Allseas Marine Services Pte Ltd
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      139 11 Cd FINANCIAL ADVISERS Eastern A member of the OCBC Group PREMIER CLIENT GROUP Premier Client Group leverages the best of Great Eastern Financial Advisers and OCBC Premier Banking to bring you a wide repertoire of integrated wealth management solutions and exclusive privileges. Wholly owned by Great Eastern Holdings Limited and
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      88 12 An Acclaimed HATTEN GROUP Developer M Si. ?v m I ic i Q .1 AN ICONIC BUILDER IN MIXED DEVELOPMENT /££r -A\ /i 30 m m m property awards 2011 2014 2013 NEW CITY IE YEAR S»f SOUTHEASTASM WORLD AWARDS /IAIR 6 awards 2014 WlNNER m mcs For more information,
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      205 14 TOWER Residence JB Sentral I 5; V 1 J: p. 2014 SOUTH EAST ASIA PROPERTY AWARDS (MALAYSIA) THE ONLY FREEHOLD DEVELOPMENT NEXT TO RTS STATION BUKIT CHAGAR WINNER Best Luxury Condo Development (South Malaysia) TriTower Residence Johor Bahru Sentral has been conferred the Best Luxury Condo Development (South Malaysia) in
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      156 15 Co. Reg. No. *****2212C Home IksumKce colK be coKfuslKg, UkUI mou Us tew to a. ve.-Mea.r-oId exptaxK Ifc, f—Mwniwwwu ujuiJwi n*»<iww« I a. 4? <*° vTcoW, kp> I b d krto^i C0A1C^‘ 5L ta w R 0 M r v ja. ~(V 4 r 4 < til 1 Iti)RW*ce 0tAe\^
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      223 16 50 th Choose PSB Academy to be .,C bw EC M E= E—z -I >t PSB Academy has been making success possible for 50 years in delivering quality education. We remain committed to offering aspiring individuals higher learning opportunities to help them succeed in today’s competitive global landscape. In our
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      177 17 WANT ONE-STOP SOLUTIONS CENTRED AROUND YOUR BUSINESS NEEDS? Cloud Services Email /Web Hosting Server Hosting Web Mobile Site Design dP Domain Name Audio Web Conference /ikv WWW V MM) Fibre Broadband Zentrex (IP Phone) IDD Y6U 6.&TIT! Only ZONE delivers the most comprehensive suite of customised services with uncompromised reliability
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