The Business Times, 17 October 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 33
1 34 The Business Times
  • 28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G n@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Friday, 17
    28 words
  • 26 1 Thursday Change STI 3,154.21 (-44.51) KL COMP 1,767.77 (-19.07) NIKKEI 225 14,738.38 (-335.14) HANG SENG 22,900.94 (-239.11) SHENZHEN B 964.11 (-4.22) DOW(noon EDT) 16,074.98 (-66.76)
    26 words
  • Article, Illustration
    236 1 As with all market corrections, things can get far worse. But buying opportunities emerge for those with holding power.TOP STORIES 2 Singapore will host wta Finals until 2018, but there is every chance that the deal could be extended beyond that if things go well.TOP STORIES 4 News
    236 words
  • 729 1  -  All eyes will be on next FOMC meeting at the end of Oct and Opec conference next month By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore GLOBAL markets are being battered, with no reprieve in sight in the absence of clear
    Source: Bloomberg, Monetary Authority of Singapore, US Treasury Department  -  729 words
  • 682 1  -  By Samuel Ee samuelee@sph.com.sg Singapore THE good news on certificates of entitlement (COE) is that supply will rise slightly from November, but the bad news is that the annual vehicle growth rate will be halved from February. In line with the latter,
    682 words
  • Page 1 Advertisements
    • 149 1 *****4 HOCK LOCK SIEW Paid research: should SGX bother? COMPANIES MARKETS 6 BT PROPERTY CLASSIFIEDS To subscribe to BT Property Classifieds, email class8@sph.com.sg real estate 22-23 ART FAIRS A veritable art feast for buyers BT LIFESTYLE 29 ONLINE ONLY Read Boardroom Matters, a series of articles from the Singapore Institute
      149 words

  • TOP STORIES
    • 532 2  -  However, most observers believe the Fed which is due to end QE3 is unlikely to resume its easing programme MARKETS ROILED By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore MARKETS are so nervous that talk of a fourth round of quantitative easing (QE4) previously unheard of
      PHOTO: AFP  -  532 words
    • 582 2  -  Investors can find opportunities in Singapore blue-chip stocks COMMENTARY By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT AFTER many dull months in financial markets, another stock market downturn is finally here. The trigger: slowing economic growth around the world, manifested in an oil price slump. There is war, terror and
      582 words
    • 699 2  -  Yields are falling as prices rally, as markets reckon a US rate hike will be deferred By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE Government Securities (SGS) are keeping investors snug as they run for cover amid a rout in financial markets. In
      Source: Bloomberg  -  699 words
    • 508 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CAN the United States maintain its rate of oil production with the drop in oil prices to below US$90 a barrel? As the Brent crude oil benchmark fell to about US$83 on
      508 words
    • 576 4  -  Support from the govt and the private sector has exceeded expectations, says WTA official WTA SINGAPORE By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE contract states that Singapore will host the next five editions of the BNP Paribas Women’s Tennis Association’s (WTA) Finals, that
      PHOTO: NICOLE QUEK/THE NEW PAPER  -  576 words
    • 803 4  -  It may regret move one day when it’s on the other side as minority shareholder COMMENTARY BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT THE Employees Provident Fund (EPF), keeper of some RM600 billion (S$232 billion) of retirement monies belonging to 14
      803 words
    • 737 4  -  By Neil Behrmann btworld@sph.com.sg London POLITICAL turbulence has become a shadow over the British economy only some 200 days ahead of the May 2015 general election. The pound and the UK stock market have slid almost 10 per cent since their summer
      737 words
    • 719 4 WP New York THIS summer, the US economy enjoyed the easiest financial conditions of the post-crisis era, but those days are probably over. Financial stress is rising, according to gauges maintained by the Federal Reserve Banks of Chicago and St Louis, and measures compiled
      WP  -  719 words
    • 767 5  -  Some carriers suspend flights to West Africa, and demand for flights there has slid By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore JITTERS intensified after news broke of another Ebola patient in the US, who had boarded a domestic flight a day before being
      PHOTO: REUTERS  -  767 words
    • 735 5 Brick-and- mortar stores may miss out on a chunk of resurgence in spending BLOOMBERG New York US consumers may do more of their spending online than ever before this holiday season, adding pressure on shopping malls already struggling to lure traffic. Forty-four per
      BLOOMBERG  -  735 words
  • Page 2 Advertisements

  • Page 3 Advertisements
    • 283 3 imagine your space to REJUVENATE amidst 65,000 square feet of green sanctuary At the centre of the Marina Bay financial district, the city melts away into a lush green heart with a breathtaking waterfall; where park-like luxury living, flanked by the open spaces of Central Linear Park and Marina Station
      283 words

  • Page 4 Advertisements
    • 106 4 Wine, Dine Hospitality Highlights WEEKEND AFTERNOON HIGH TEA CONRAD CENTENNIAL SINGAPORE Elegance Indulgence re-defined Indulge in a buffet of oysters, meat carving stations, unlimited chocolate selection and tropical sangrias to kick start your weekend! Lobby Lounge Available every Saturday, Sunday and Public Holiday from 2pm to 6pm $58++ per adult
      106 words

  • Page 5 Advertisements
    • 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
      64 words

  • COMPANIES & MARKETS
    • 792 6  -  HOCK LOCK SIEW BY R SIVANITHY IT’S 15 months since the Singapore Exchange’s (SGX) most recent research initiative known as SERI ended in June last year. According to the exchange’s website, it is still “reviewing all options to enhance the level and type of research
      792 words
    • 330 6  -  HOT STOCKS By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore KEPPEL Corporation has been weighed down by investor caution on falling oil prices. Keppel’s share price has tumbled nearly 10 per cent from a month ago to close at S$9.54 on Thursday its lowest
      Source: Bloomberg  -  330 words
    • 369 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore CHINESE high-rollers could be the wild card for Genting Singapore with its stock taking a beating a few weeks before its expected third-quarter results. Shares of the gaming company, which runs Resorts World Sentosa, have been falling since
      Source: Shareinvestor.com  -  369 words
    • 455 6  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore A NEW award to raise awareness of the economic, social and environmental performance of companies in Singapore was launched on Thursday. The aim of Singapore Apex CSR Awards is to set national benchmarks for exemplary
      455 words
    • 521 6  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT ONG Chow Hong, one of four former directors of Airocean Group who were charged and convicted over what was then deemed a misleading statement by the company, has had his five-year conviction overturned. Justice of Appeal Chao Hick Tin, in
      521 words
    • 478 7  -  S$44.5m profit comes on the back of a 3.5% rise in operating revenue By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore A BETTER topline drove M1’s net profit 12.7 per cent higher to S$44.5 million for its third quarter, the telco reported after market
      478 words
    • 521 7  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE appetite of corporations in South-east Asia (SEA) for mergers and acquisitions has hit a two-year high with one in two in a bi-annual study saying they expect to pursue such activities over the next
      521 words
    • IN BRIEF
      • 49 7 GLOBAL Logistic Properties Ltd (GLP) has leased 13,000 square metres to PepsiCo in Sao Paulo, Brazil. This leasing agreement marks the first collaboration of PepsiCo and GLP in Brazil. The stabilised logistics portfolio lease ratio in Brazil stands at 98 per cent.
        49 words
      • 65 7 MAINBOARD-LISTED RH Petrogas (RHP) said that its overall development plan for the Yongping Oilfield in the Fuyu 1 Block has received approval from China’s National Development and Reform Commission. The block is expected to yield a total of 14.6 million barrels of
        65 words
      • 26 7 SINGAPORE Technologies Engineering’s electronics arm, ST Electronics, has landed contracts totalling about S$513 million for the third quarter of 2014.
        26 words
    • 258 7  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT M1 has left the bruising pitch of the cross-carriage game. The telco is shelving its plans to be a receiver of cross-carriage content through its MiBox Internet TV service, having withdrawn its application for a nationwide TV
      258 words
    • 675 9  -  Factors include higher borrowing costs, trust expenses; DPU translates to yield of 6.2%; fundamentals stay healthy, says Reit manager By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore KEPPEL Reit’s distribution per unit (DPU) dipped 6.1 per cent from a year ago
      675 words
    • 389 9  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore KEPPEL Infrastructure Trust’s (KIT) net profit for the third quarter fell 12.5 per cent to S$3.3 million from S$3.8 million the previous year, while revenue dropped 5.7 per cent from S$ 17.1 million to S$
      389 words
    • 426 9 ASCOTT Residence Trust (ART) has announced its acquisition of a hotel in Tokyo’s Shinjuku area for eight billion yen (about S$95.2 million). The acquisition will be accretive at an earnings before interest, tax, depreciation and amortisation (Ebitda) yield of 4.3 per cent and
      426 words
    • Article, Illustration
      63 10 STI Catalist Straits Times Index Oct 16,2014 3,154.21 -44.51 (-1.39%) Current streak 1 day Day high 3,179.35 Day low 3,154.21 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Oct 16,2014 775.52 -12.27 (-1.56%) Current streak 2 days Day high 789.83 Day low
      63 words
    • 692 10  -  Local index tumbles 1.4% for the day, after the Dow plunges amid high volatility STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Thursday underwent a session of heavy pressure, buffeted by waves of short-selling and short-covering throughout the
      Source: Bloomberg  -  692 words
    • 306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 unch 226/220 250 206 6.4 5659.8 CapitaLand 298 -5 303/296 348 268 14.9 2.7 *****.4 CapitaMall Trust 192.5 +0.5 193.5/190 209 180 5.3 6675 CityDev 924 -3 929/919 1118 860 12.5
      306 words
    • 36 10 VOLUME APAC Strategic 66,569,000 IHC 64,481,000 Mirach Energy 45,349,000 Golden Agri-Res 43,374,000 Noble 35,835,000 Market volume 1,600,482,000 VALUE Keppel Corp 133,065,279 DBS Grp 83,141,445 SingTel 78,147,365 JMH USD 49,672,512 Noble 44,655,865 Market value 1,355,854,000
      36 words
    • 110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 319 -5 544 323/319 343/298 319/320 IS Asia BND US US1051 -12 142 1056/1051 1063/986 1048/1057 DBXT MSAsExJp US$ US3480 +19 89 3480/3446 3808/2802 3464/3473 8 IS MS India US$ US724 -11 42 731/724
      110 words
    • 77 10 Oct 16 VALUE CLOSE BT OB/OS -1370.00 -314.00 BT CADI -*****.00 -318.00 BT 10-day MA -*****.00 -137.00 FTSE ST Mid Cap 727.57 -10.00 FTSE ST Small Cap 497.47 -8.01 FTSE ST All Share 762.71 -10.82 FTSE ST China Top 182.34 -2.91 FTSE ST China 215.70 -3.03 FTSE
      77 words
    • 78 10 BY CENTS CLOSE UP 52w high/low DBXT USDIGInfl US$ ***** 268.1 0.8 *****/***** DBXT iBoxxSvEu US$ ***** 268.1 0.8 *****/***** DBXT EONIA US$ ***** 255.4 1.1 *****/***** GLD US$ ***** 183.0 1.2 *****/***** DBXT iBoxxUSTr US$ ***** 158.8 0.6 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Singapore eDev 0.2
      78 words
    • 35 10 STI FTSE ST All-Share FTSE ST All-Share Index Oct 16,2014 762.71 -10.82 (-1.40%) Current streak 2 days Day high 769.24 Day low 762.71 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
      35 words
    • 33 10 STI MSCI EAFE MSCI EAFE index Oct 15,2014 1,726.59 -20.31 (-1.16%) Current streak 2 days Day high 1,749.71 Day low 1,726.59 52-week high 1,995.49 (July 3, 2014) 52-week low 1,726.59 (Oct 15, 2014)
      33 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 14 2 0 0 0 0 14 2 Manufacturing 15 87 27 5 17 8 20 104 35 Commerce 8 37 13 1 9 4 9 46 17 Tpt/Stor/Comms 1 32 8
      186 words
    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,181 36,181 186,646 186,646 Manufacturing 225,972 56,263 282,235 143,165 5,030 148,195 Commerce 87,800 41,922 129,722 151,734 2,639 154,373 Tpt/Stor/Comms 130,238 4,207 134,445 199,256 702 199,958 Finance 50,479 294 50,773 182,259 80 182,339 Construction 40,954 38,181
      121 words
    • 79 10 BY CENTS CLOSE UP 52w high/low IS DJ USTech US$ 9321 -725.6 -5.8 9998/7582 SPDR DJIA US$ ***** -353.3 -1.7 *****/***** SPDR S&P500 US$ ***** -251.6 -1.1 *****/***** DBXT Nifty US$ ***** -179.2 -1.1 *****/9759 Lyxor ThaiSET US$ ***** -122.0 -0.7 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Ezion
      79 words
    • 82 10 VOL CLOSE($) CHANGE OGL Resources A$ 50.0 0.014 +0.004 +40.00 GDS Global 153.0 0.530 +0.205 +63.08 Debao Property 800.0 0.026 -0.009 -25.71 Zhongxin Fruit 150.0 0.026 -0.009 -25.71 Abterra 272.0 0.630 -0.050 -7.35 Jason Marine 50.0 0.200 -0.020 -9.09 ChangtianPlastic 1,054.0 0.040 -0.006 -13.04 InnoPac 25,077.0 0.008 +0.001
      82 words
    • BROKERS’ TAKE
      • 228 10 Buy Oct 16 close: S$0.33 Target price: S$0.69 AmFraser Research, Oct 16 Dutch mnc is separating out the lighting division, not shutting it down. We think the sell-down on this weeks-old piece of news was totally unwarranted. The sale of LED light bulbs is not the core revenue
        228 words
      • 180 10  -  Compiled by Joyce Hooi Hold Oct 16 close: S$4.16 Target price: S$4.01 DBS Group Research, Oct 16 Newspaper magazine operations remain weak as expected. Property rental revenue inched up 4 per cent; Seletar Mall to open in November 2014. Final special DPS of 14 Singapore cents was
        180 words
      • 41 10 DATA I 8.30 am S’pore Non-oil domestic exports MEETINGS: I 9.30 am Ellipsiz Ltd AGM I 10.00 am Cordlife Group AGM I 10.30 am CH Offshore Ltd AGM I 11.30 am Guocoleisure Ltd AGM I 2.30 pm Guocoland Ltd AGM
        41 words
    • 435 11 CURRENCIES London THE euro fell along with dramatic losses for higher-yielding currencies such as the Norwegian krone and Australian dollar on Thursday as a sell-off of Spanish and Italian debt added to a growing sense of panic in financial markets. Another day
      435 words
    • FOREX RATES
      • 471 11 Oct 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.980 5.359 0.688 6.786 53.372 106.866 0.937 9.308 2.852 1.111 89.929 39.156 1.112 9.660 0.831 26.607 28.370 0.544 0.875 Canada 1.020 5.466
        471 words
      • Article, Illustration
        2 11
        2 words
      • 2 11
        2 words
      • 155 11 Oct 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1115 1.1124 0.8747 0.8749 Canadian dollar 1.1335 1.1348 0.8925 0.8921 Euro 1.6163 1.6177 1.2720 1.2723 NZ dollar 1.0005 1.0016 0.7874 0.7877 Sterling pound 2.0416 2.0430 1.6067 1.6068
        155 words
      • 22 11 Oct 16 S$ Bid Offer 1-month 1.2707 1.2715 2-months 1.2707 1.2716 3-months 1.2707 1.2716 6-months 1.2706 1.2715 Source: OCBC
        22 words
      • Article, Illustration
        2 11
        2 words
      • Article, Illustration
        1 11
        1 words
    • BANK RATES
      • 154 11 Oct 16 $S Offer Bid 0vernight 0.08 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ 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
        154 words
      • 36 11 Oct 16 (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
        36 words
      • 69 11 Oct 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.22 106.30 106.18 5-Year N*****0H 1.625 01-Oct-19 101.25 101.40 101.08 10-Year NY*****H 3.000 01-Sep-24 106.82 107.20 106.74 15-Year NY*****E 2.875 01-Jul-29 103.27 103.50 103.20 20-Year NZ*****V 3.375 01-Sep-33 109.34
        69 words
    • EQUITY BONDS WARRANTS FUTURES
      • 210 11 Most active Oct 16 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****6 7.1 -2.1 ***** 0.2 1880 3 TIH Limited W*****9 0.4 -0.2 6185 1 128 31 OLS Enterprise W*****5 0.3 -0.1 6100 1 1 18
        210 words
      • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 15 Index Change Change Change Change Change Change World Preliminary 1156.4 -1.6 -2.4 -1.6 -3.6 -1.4 -4.4 EAFE Preliminary 902.9 -1.7 -5.6 -1.3 -9.1 -1.2 -9.9 Europe Preliminary 1269.8 -3.0 -6.3
        373 words
      • 380 11 Oct 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.16 *****.08 *****.55 Dec14 *****.00 *****.00 *****.00 *****.00 *****4 *****3 Mar15 *****.00 *****.00 *****.00 *****.00 15 601 MSCI TAIWAN INDEX FUTURES SPOT 315.79 319.61 313.30 Oct14 317.30 318.90 310.10 316.80 ***** *****4 Nov14 317.40
        380 words
    • AGRI METALS ENERGY
      • 212 11 Oct-15 Price Net change change Last Trade Agricultural Oct-15 CBOT Soybeans (US cents/bu) 952.50 -12.25 -1.27% 14/11/2014 CBOT Soybean Oil (US cents/lb) 31.98 -0.89 -2.71% 12/12/2014 CBOT Wheat (US cents/bu) 506.00 -3.25 -0.64% 12/12/2014 Oct-15 LIFFE Cocoa (£/tonne) 2064.00 29.00 1.43% 12/12/2014 LIFFE Coffee (US$/tonne) 2155.00 0.00 0.00%
        212 words
      • 57 11 OCt 16 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2130.0 2153.0 2150.0 2120.0 1290 ***** Nov 14 2121.0 2133.0 2132.0 2107.0 ***** ***** Dec 14 2123.0 2137.0 2131.0 2104.0 ***** ***** Jan 15 2135.0 2142.0
        57 words
  • Page 6 Advertisements
    • 86 6 KEEP YOUR ERP CHARGES IN CHECK Q SI ERP panoi riw- ig i II ERP Find a property near your workplace or MRT stations using ST .sg Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 liDITORt? PUBLISHERBEST CLASSIFIED WEBSITE with over 1 million unique monthly visitors EPPY
      86 words

  • Page 7 Advertisements
    • 439 7 Picture for illustration only. URTS WHILE STOCKS LAST 65" 65" 3-Year Warranty Wall Bracket Installation FREE 2 Pairs Of 3D Glasses •Smart Touch Control 65" Ultra HD 3D Smart LED TV UA65F9000MXXS Clear Motion Rate 1000Hz Smart Evolution One Connect PRODUCT DISPLAYED ONLY AT MEGASTORE 1 set per customer 65"
      439 words


  • Page 9 Advertisements
    • 167 9 N m > n »> iSrt >' V, •c. Vc R£ rf 'T r f the tools for managing my assets evolve, so do I As With our innovative solutions your wealth has a voice. Let it be heard. BNP PARIBAS WEALTH MANAGEMENT The bank for a changing world This
      167 words



  • BANKING & FINANCE
    • 596 12 At stake is their ability to retain staff in some of their most profitable businesses and compete with US firms without boosting fixed costs BLOOMBERG London THE European Union’s largest securities firms will have to raise fixed pay for bankers or risk
      BLOOMBERG; PHOTO: BLOOMBERG  -  596 words
    • 603 12 Joint settlement now likely to cost the German bank more than US$650m REUTERS New York COMMERZBANK AG’s settlement with the US authorities over alleged sanctions violations has been postponed, possibly until the end of the year, as prosecutors seek to coordinate the
      REUTERS  -  603 words
  • Page 12 Advertisements
    • 291 12 EXPERIENCE A QUANTUM LEAP IN YOUR BUSINESS WITH DIGITAL EDUTAINMENT MARKETING MASTERCLASS Win over your prospects and customers with increased awareness, increased leads and ultimately increased sales! WHAT IS DIGITAL EDUTAINMENT MARKETING? Digital edutainment marketing is a strategy in which your target audience is educated through content marketing while being
      291 words

  • ENERGY & COMMODITIES
    • 1113 13 Analysts see oil producers as the losers and consumers as the winners, as the kingdom keeps its production steady even as prices hit a four-year low BLOOMBERG New York THE bear market in oil is showing the world there’s still only
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,113 words
    • 590 13  -  Affirmations follow group’s proposed acquisition of New Britain Palm Oil By S Jayasankaran btworld@sph.com.sg Kuala Lumpur TWO international rating agencies Moody’s Credit Outlook and Fitch have reaffirmed the credit ratings of Malaysian multinational Sime Darby following its proposed acquisition of Papua New Guinea-based
      590 words
  • Page 13 Advertisements
    • 17 13 Korean Wave hits franchising market here franchising market here To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      17 words
    • 457 13 LIVING FOR AFFLUENT CEMRAL ■&SOPHISTICATED' HAMAMATSUCHO TOKYO BAY NEW DEVELOPMENT ZONE TOKYO TOWER ROPPONGI TORANOMON DAI MON SHIODOME HAMA-RIKYU fi» 7M a ■r*. SR 9i ii a .Jr First 20 Registrants of the Property Seminar will receive O A i Dato' Eric Cheng's 1 Bestselling Book for 1 vA (Worth
      457 words

  • TECHNOLOGY
    • 602 14  -  Synergy and strategic moves cited in migme’s takeover of LoveByte, and Lunch Actually’s acquisition of Lola By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore TWO homegrown online dating startups have found their princely matches. LoveByte, a social networking app for couples, has been picked
      602 words
    • 514 14  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur BURSA-LISTED technology stocks have taken a bashing on the back of growing earnings uncertainties, but an investment bank has suggested that investors distinguish between those likely to be affected by the global semiconductor correction and those in more
      514 words
  • Page 14 Advertisements
    • 46 14 GREAT MUSIC. GREAT FUN. TRUE CLASS. iSS 92 FM 1 N IN THE MORNING ’(‘jJ'i’/gvio'.j.; c *4 W.l'J i #.< 7. r iV)*c V i-'i/ WEEKDAYS 6-10 AM Wjfib J& v i\* wj« ‘Vv M &*X‘'; S» Download on the ANDROID APR ON ®kiss92fm www.kiss92.sg AppStore play
      46 words



  • CONSUMER
    • 954 18  -  Tack seems like strategy to overcome political opposition and allow first-stage Bill before pushing for flexibility later By Anthony Rowley btworld@sph.com.sg Tokyo SUPPORTERS of changes in the law to allow gaming casinos to open in Japan appear ready to take a
      PHOTO: AFP  -  954 words
    • 589 18 CEO says 100m of 152m users have changed passwords BLOOMBERG San Francisco EBAY Inc, which will split into two companies next year, gave a sales forecast for the fourth quarter that missed estimates as the company recovers from the impact of
      BLOOMBERG  -  589 words
  • Page 18 Advertisements
    • 319 18 FRANCHISING LICENSING ASIA 2014 Exhibition Conference www.FronchiseLicenseAsia.com 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 Invest in proven businesses at the region’s premier franchise trade event! Over 300 brands 22 countries in USA, Europe, Middle
      319 words

  • GOVERNMENT & ECONOMY
    • 446 19 But more monetary easing is needed to bolster weakening economy, say analysts AFP Shanghai CHINA’S banks stepped up their lending in September, the central bank announced on Thursday, but analysts said more monetary easing was needed to bolster the weakening economy. Domestic banks
      AFP  -  446 words
    • 508 19 HK chief executive hopes vice-chancellor of a university will host meeting HONG KONG PROTEST BLOOMBERG Hong Kong HONG Kong Chief Executive Leung Chun-ying said his government is ready to meet student leaders next week to discuss the city’s first leadership election
      BLOOMBERG; PHOTO: AFP  -  508 words
    • 307 19 REUTERS New Delhi INDIA will simplify employment rules and smooth the way for people to move social security funds when they change jobs, Prime Minister Narendra Modi said on Thursday, unveiling steps to reform the labour sector and boost employment. India’s archaic labour
      REUTERS  -  307 words
    • 508 20 They rebuild positions as they buy new credit swaps which protect against writedowns, bond exchanges BLOOMBERG London THE overhaul of the US$18 trillion credit-default swap market came just in time. As plunging Greek, Italian, Spanish and Portuguese bonds ignite investor concern that
      BLOOMBERG  -  508 words
    • 490 20 Extra help is meant to calm Athens stock market which has plunged for 2 days AFP Athens THE ECB and European Union rushed to reassure financial markets on Thursday that help is at hand for Greece as it heads for a high-risk
      AFP  -  490 words
    • 403 20 REUTERS BLOOMBERG Washington US INDUSTRIAL production posted the biggest gain in nearly two years in September as factory activity quickened and utilities output logged a big-weather related jump, a welcome sign on the pace of the economy’s recovery. Output at the
      REUTERS; BLOOMBERG; PHOTO: AFP  -  403 words
  • Page 19 Advertisements
    • 60 19 (USD billion) Net Profit US$2.2 billion up by 12.6% on September 2013 2.2 2.0 1.7 1.5 1.1 0.9 Sep Sep Sep Sep Sep Sep 2009 2010 2011 2012 2013 2014 Total Assets US$130.6 billion up by 8.8% on September 2013 130.6 120.0 96.4 76.9 53.5 Sep Sep Sep Sep Sep
      60 words

  • Page 20 Advertisements
    • 448 20 F i EMINAR Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST B Early bird price ends 10 Nov 2014 With the likely increase in interest rates, what types of property investment can you consider to maximise your gains? Should you explore overseas properties such
      448 words

  • REAL ESTATE
    • 671 21 The number of home transactions has fallen 20 per cent so far this month, says realtor Midland BLOOMBERG Hong Kong HONG KONG’s existing home transactions dropped amid pro-democracy protests now in the third week. Prices are holding firm. The number
      BLOOMBERG; PHOTO: AFP  -  671 words
    • 622 21 BLOOMBERG Berlin PROLOGIS Inc, the world’s biggest in-dustrial-building owner, is increasing construction of warehouses in Europe as growing demand for goods sold online supports more development without tenants or buyers in place. Prologis, based in San Francisco, is building in countries
      BLOOMBERG  -  622 words
    • 415 21 The tech-based tools cover heating problems, repairs and other housing issues REUTERS New York WHEN Tom Hunter and his two roommates were left without heat for more than a month by a negligent landlord in New York, they began
      REUTERS  -  415 words
    • 208 21 BLOOMBERG Seoul HYUNDAI Motor Co and its two affiliates will use cash to fund their 10.6 trillion won (S$12.7 billion) purchase for a land site in Seoul, raising concern that the companies will reduce shareholder payouts. Hyundai Motor, Hyundai Mobis Co and
      BLOOMBERG  -  208 words
    • 694 21 Founder’s family trustee to be new underwriter; more downgrade pressure CHINA: AGILE CRISIS REUTERS Hong Kong STRUGGLING Chinese developer Agile Property Holdings Ltd, whose billionaire founder was detained last month, said on Thursday that one of its executives had disappeared as it
      REUTERS  -  694 words
    • 1009 22 It’ll first target mid-scale segment with Holiday inn, then offer premium brands HOTEL EXPANSION BLOOMBERG Singapore INTERCONTINENTAL Hotels Group plc, the owner of the Holiday Inn and Crowne Plaza brands, plans to more than triple its properties in India amid
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,009 words
    • 266 22 WP Washington HILTON Worldwide is adding a new chain to its lineup of brands. Canopy by Hilton which the company calls a “lifestyle brand” akin to Hyatt Place, Marriott’s Edition and Starwood’s Aloft has 11 hotels in the works, including locations in London, Miami,
      WP  -  266 words
  • Page 21 Advertisements
    • 36 21 STUDIO APARTMENTS IN IAPAN FOR SALE Studio Apartments for Sale in Kyoto Japan at $2xxK rnntart BgTOKIO PROPERTY SERVICES PTE LTD CEA Lie No (L*****53E) TORU TAKANO HP: 9670 0285 tel 6737 5187 CEA Reg No(RQ*****B)
      36 words
    • 86 21 ®)JLL EXCELLENT OPPORTUNITY LOYANG INDUSTRIAL ESTATE 2-Storey with high ceiling production/ warehouse Land Area approx. 41,057 sqft Gross Floor Area approx. 29,288 sqft Lease Tenure approx. 38 years 2014 Master Plan Business 2, Plot Ratio 2.5 EOI Closing Date: 27 November 2014 (Thu), 3pm For further information and viewings, please
      86 words

  • Page 22 Advertisements
    • 182 22 ESI IN/TERIOR DESIGN HDB License: HB 10-3172B I L October special***** wardrobe promotion Sign up our new renovation package, you can have an identical wardrobe design, as below. e 8 ft Casement Wardrobe Design 8 ft Sliding Wardrobe Design a! m m Hurry up, Han't miss it While stocks lust!
      182 words
    • 264 22 Maximisingspacewith creativedesign N To maximise space, furniture chosen for the rooms were picked on clean simple lines to give the appearance of less clutter. Mr Lee adds:“The modern minimalist style is very popular right now. Many of our clients request for this look in the design of their homes.” If
      264 words

  • Page 23 Advertisements
    • 940 23 T.O.P Obtained AvantParc A fine collection of 15 luxury 3-storey (with Attic Basement) landed houses with private lift. New Launch Star buy units from$2.488M Visit our Show House at 3 Wak Hassan Place Contact Agent: 9181 1212 Joe Leow CEA Reg No: R*****0G Sole marketing agent: Developer: Sunway Land Pte
      940 words
    • 221 23 D08 OFFICE FOR SALE SIM LIM TOWER Rarely available Freehold Strata Titled units. Approx 474/ 420/ 893 sf Tenanted, high flr. MRT/ amenities. 6251 7387 TKE D08 SHOP FOR SALE RACE COURSE ROAD FH 2-Sty shophse. 1108/ 2200 sqft. Tenanted $9,200/mth. F&B. Sell below valuation! Asking $3.5M only! Farrer Park
      221 words

  • OPINION
    • 481 24 REAL estate investment trusts (Reits) are a staple in retail investors’ portfolios, thanks to zero interest rates, an ageing demographic and a hunger for yield. Singapore investors are spoilt for choice; there are more than 30 Reits listed, with a
      481 words
    • 832 24  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP WASHINGTON IT’S become a dreary ritual. Every six months, the International Monetary Fund (IMF) forecasts the global economy and cuts its previous forecast. Despite an army of economists, all of its forecasts
      THE WASHINGTON POST WRITERS GROUP  -  832 words
    • 1402 24  -  Is US foreign policy one of a benevolent empire builder? The answer depends on the historian you talk to. BY HARISH MEHTA BY HARISH MEHTA T The writer, a former BT senior correspondent, is a historian who has taught at Canadian universities. This article is
      PHOTO: AFP  -  1,402 words
    • 960 25  -  SECURITIES BORROWING SCHEME By Zsuzsa R Huszár, Ruth Tan, Zhang Weina T Dr Zsuzsa R Huszár, Associate Professor Ruth Tan and Dr Zhang Weina are faculty members in the Department of Finance at NUS Business School. This commentary is based on a
      960 words
    • 485 25  -  LETTER TO THE EDITOR Vincent Khoo THE Small and Middle Capitalisation Companies Association (SMCCA) is wrong in believing that the introduction of the minimum trading price (MTP) will “add no meaningful value to the capital markets, but instead reduce liquidity and add to listing
      485 words
    • 1239 25  - INFRASTRUCTURE FINANCING CROWDED ROADS Governance concerns would arise if there are too many development banks. BY ANTHONY ROWLEY THE worldwide need for so-called “hard” infrastructure such as roads, railways, ports, energy and communication networks, water and sewage has rocketed to the attention of policymakers worldwide in recent times and so
      PHOTO: REUTERS  -  1,239 words


  • Page 26 Advertisements
    • 1804 26 TRANSFER OF THE LOAN PORTFOLIO FROM NATIONAL AUSTRALIA BANK LIMITED TO HL BANK PURSUANT TO SECTIONS 55B AND 55C OF THE BANKING ACT, CHAPTER 19 OF SINGAPORE Notice is hereby given that the proposed transfer of an agreed portfolio of loans granted to medical practitioners and medical and dental clinics
      1,804 words
    • 460 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WYNDHAM CONSTRUCTION (PTE) LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****0547M) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 10 October
      460 words
    • 438 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ABBEYPURE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****6675M) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 10 October 2014:
      438 words
    • 802 26 QoCBC Bank OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in Singapore) (Company Registration Number: *****0032W) NOTICE OF REDEMPTION to the holders of US$500,000,000 4.25% Subordinated Notes due 2019 Callable with Step-up in 2014 (the “Notes”) issued by Oversea-Chinese Banking Corporation Limited We refer to the Trust Deed dated 04 August 2009 (“Trust
      802 words
    • 468 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PLUS! BIGDEAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****0754N) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Plus! Bigdeal Pte. Ltd. duly convened and held on the 10th day of October 2014,
      468 words
    • 1621 26 Adventus ADVENTUS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1072R) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meanings as used in the circular dated 17 October 2014 issued by the Company (the
      1,621 words
    • 315 26 IN THE MATTER OF THE LIMITED LIABILITY PARTNERSHIPS ACT AND IN THE MATTER OF AMISFIELD LLP (THE “LLP”) (LIMITED LIABILITY PARTNERSHIP WINDING UP) LLP REGISTRATION NO. T09LL1788K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 30, Paragraph 55, Fifth Schedule of the Limited Liability Partnerships Act, that
      315 words
    • 136 26 IN THE MATTER OF The Companies Act, Cap. 50 And In the Matter of BOULEVARD DEVELOPMENT PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****0563R) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting
      136 words

  • TRANSPORT
    • 787 27  -  It is working with govt and schools to raise awareness and build talent pool for the industry By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE logistics industry in Singapore has come up against obstacles in attracting young talent even as demand for labour in
      787 words
    • 1071 27 Cargo volumes at Heathrow, which has flights to just seven other UK airports, trail rivals BLOOMBERG London RESTAURANTS from Spain to Hong Kong clamour for mini-lobsters caught off northern Scotland. For the fishermen who sell the langoustines live for almost US$30 a
      BLOOMBERG; PHOTO: REUTERS  -  1,071 words
    • 506 27 BLOOMBERG Tokyo IT’S almost four years late in arrival. Now, with a helping hand from bullet-train specialists, Japan is finally ready to show its first passenger jet to the world. Mitsubishi Aircraft Corp will unveil the regional jet at Nagoya
      BLOOMBERG  -  506 words
  • Page 27 Advertisements
    • 522 27 The Business Times NOTICES Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SMARTROAM PTE. LTD. (In Provisional Liquidation) Reg. No.*****8279N NOTICE OF APPOINTMENT OF PROVISIONAL
      522 words

  • 1804 28 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR DREAM ANGEL 6 100 28/10 29/10 MALAYSIA STAR 39 50 2/11 4/11 8/11 11/11 SEA CORAL
    1,804 words
  • Page 28 Advertisements
    • 268 28 C a ila n E n n o r e J e d d a h B r is b a Shanghai Chittagong n e Ho Chi Minh H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE TO Persian Gulf,
      268 words

  • BT Lifestyle
    • 1859 29  -  Four art fairs are taking place within a span of five weeks. In such a crowded market, will they be able to find buyers, even though each has its own niche?BY HELMI YUSOF niche?BY HELMI YUSOF helmi@sph.com.sg @HelmiBT Eyeing novice collectors MILAN IMAGE ART DESIGN FAIR
      1,859 words
    • CINEMA
      • 559 30  -  The Judge, about a prodigal son’s homecoming, shows early promise but somehow doesn’t quite ring true. The verdict: cliched and melodramatic. BY GEOFFREY EU melodramatic.BY GEOFFREY EU HANK Palmer is smug, successful and saddled with the same sense of self-satisfied entitlement that usually accompanies someone
        559 words
      • 583 30  -  By Geoffrey Eu THE brief, tragic and eventful life of the Chinese poet and author Xiao Hong is examined in detail by director Ann Hui in The Golden Era, a three-hour film that dutifully records the minutiae of 1930s life among China’s
        583 words
    • ARTS
      • 619 31  -  Two Malaysian artists take opposing approaches in their works but they both question the times and the mores of their community. BY CHEAH UI-HOON ART community.BY CHEAH UI-HOON uihoon@sph.com.sg ONE artist takes inspiration from her family and the other from events taking place in the
        619 words
      • 371 31  -  ART By Lisa Fratini lfratini@sph.com.sg A SIMPLE question about branding from his mother spurred Sai Tzy Horng, the youngest son in the family that is behind Julie’s biscuits, to start a social movement that has over 35,000 Facebook likes as well as an exhibition
        371 words
      • 516 31  -  DANCE By Cheah Ui-Hoon uihoon@sph.com.sg FAR out could be one of the ways to describe Random Dance Company’s Far, a dance by celebrated British choreographer Wayne McGregor. Far is, in fact, the acronym of the book Flesh in the Age of Reason, which provided the cerebral
        516 words
      • 629 31  -  DANCE By Helmi Yusof helmi@sph.com.sg @HelmiBT MATTHEW Bourne’s Swan Lake arrived at the opening of the Esplanade’s da:ns festival with a faint hint of cheese “world’s longest-running ballet!”, “all-male cast of swans!”, “three Tony awards!” But any cynicism one might have had about
        PHOTO: HELEN MAYBANKS  -  629 words
      • 735 32  -  “Leonardo da Vinci’s Earlier Mona Lisa” exhibition kicks off in Singapore in December before it travels the globe. BY CHEAH UI-HOON ART BY CHEAH UI-HOON uihoon@sph.com.sg ONE of the world’s most famous portraits is the Mona Lisa, seen by six million people a year
        735 words
      • 336 32 THE scientific evidence that Leonardo da Vinci painted the Earlier Mona Lisa is verified by 24 out of 27 experts in the field. Professor Jean-Pierre Isbouts, author of The Mona Lisa Myth and director of the eponymous film, says it wasn't a question to him when
        336 words
      • 505 32  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT EVERYBODY has different memories of landscapes from their childhoods and artist Guo Yixiu is no different: she remembers the old HDB block at Lorong Ah Soo where she used to live in as a kid. Except it has now been
        505 words
      • 541 32  -  THEATRE By Rachel Loi rachloi@sph.com.sg @RachelLoiBT IF you’re expecting bright Disney-esque colours, cheery little girls, and a singing snowman just because Frozen is the title of local theatre company Pangdemonium’s last production of the season, then be prepared for a big surprise. This show, written
        541 words
    • CITY LIFE
      • Article, Illustration
        855 33  -  Five years on, Ion Orchard maintains its lustre even among new mall openings and tougher times for retailers. BY MAY YIP BY MAY YIP THERE is an audacity about Ion Orchard, with its lit, faceted façade and towering controversial artworks. And even after a slew of newer
        855 words
      • CITY BUZZ BT writers'picks of what to see, do or talk about
        • 381 33  -  By Debbie Yong LIKE slicing fish for sushi in Japan, carving a Spanish leg of ham is revered as an art within some culinary circles. Not convinced? Give it a go yourself, at My Little Tapas Bar’s one-night-only jamon-carving workshop on Saturday evening, featuring top-notch meats
          381 words
        • Article, Illustration
          245 33  -  By Helmi Yusof I, Carmen When one of the finest dancers of flamenco meets Bizet’s famous opera Carmen, the results are nothing short of arresting. Carmen is the wild gypsy heroine whose untamed heart led to her untimely death. Made famous by Bizet’s enduring music, Carmen is the sort
          245 words
        • Article, Illustration
          264 33  -  By Rachel Loi Jio The truth is, there is no simple way to organise a gathering among friends. Facebook events are just too tedious to create, while group-messaging 10 people on Whatsapp to try and agree on a selected date is a whole other nightmare. That’s where Jio comes
          264 words
        • Article, Illustration
          207 33  -  By Dylan Tan Grace Horror fans, take note. Grace, a new supernatural mini-series shot in Singapore and conceptualised by HBO Asia, makes it debut tonight on the cable channel. Feauring an all-Asian ensemble cast led by Russell Wong as well as local actors Lim Kay Tong, Lim Yu Beng
          207 words
        • Article, Illustration
          253 33  -  By Tay Suan Chiang Architectural Heritage Awards 2014 What do the Yueh Hai Ching Temple, a terrace house at 145 Neil Road, and J8 Hotel in Townshend Road have in common? They’re all winners of the Architectural Heritage Awards, given out by the Urban Redevelopment Authority, to recognise the
          253 words
  • Page 29 Advertisements



  • Page 32 Miscellaneous
    • 347 32 CRYPTIC CROSSWORD Across 1 Principal holding school activity in a bit of a mountain? (6) 5 Gets in touch with prisoners, understanding being in confinement (8) 9 Meat bear rips into bits (5,3) 10 Dead Queen’s inscription on either side of that old coin (6) 11 Poisonous type offering holy
      347 words