The Business Times, 20 October 2014

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    29 1 THE BUSINESS TIMES S$1.00 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 Monday, 20
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,167.73 (-56.14) KL COMP 1,788.31 (-20.57) NIKKEI 225 14,532.50 (-768.05) HANG SENG 23,023.20 (-65.34) SHENZHEN B 967.22 (-6.62) DOW 16,380.41 (-163.69)
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  • Article, Illustration
    Lock icon DAILY DIGEST
    254 1 investors in the US stock market endured another punishing bout of volatility in the past week with more likely in store this week, as hedge funds and speculators continue to adjust to a changing interest-rate landscape.TOP STORIES 2 China will appoint former vice finance minister and development bank
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  • Article
    Lock icon Banks get creative with new ways to reach SMEs
    776 1  -  It is no longer about offering corporate cards with the best perks By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore BANKS are becoming more creative in the ways they woo small and medium enterprises (SMEs), whether in the form of partnerships with associations,
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  • Article, Illustration
    Lock icon CPG inks 83,000 sq ft lease at Westgate Tower
    478 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IN THE biggest office leasing deal for a new suburban project so far this year, CPG Corporation has taken a lease of 83,000 sq ft at Westgate Tower next to Jurong East MRT Station. The
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      Lock icon Page 1 Advertisements Column 1
      72 1 *****4 TOPLINE JURONG LAKE DISTRICT Lawrence Wong to helm steering committee REAL ESTATE 12 TEPPANYAKI EATERY How Abenomics boosted Parkway Life Reit Wholesome meal with a personal touch INVESTMENT CHARGES An investor’s guide to fees and expenses YOUNG INVESTORS’ FORUM 16 COMPANIES MARKETS 6 DINING OUT 29 OYSTER PERPETUAL SKY-DWELLER
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      20 1 INTEREST RATE IMPACT CEOs share how ultra-low interest rates have affected their business VIEWS FROM THE TOP PAGES 14 15
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  • TOP STORIES
    • Article, Illustration
      Lock icon China’s ex-finance minister to head new Asian bank
      862 2  -  BY Anthony Rowley btwor|d@sph.com.sg Tokyo CHINA will appoint former vice finance minister and development bank official Jin Liqun as head of the proposed US$50 billion Asian Infrastructure Investment Bank (AIIB), sources have told The Business Times, strengthening the chances that the China-led
      PHOTO: BLOOMBERG  -  862 words
    • Article, Illustration
      Lock icon View from watchtower as the pennies fall
      703 2  -  SGX’s head of surveillance regulation talks about one of the most exciting days of his 14-year career and what keeps him motivated at the Exchange MARKET SURVEILLANCE By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore ON Oct 4, 2013, Kelvin Koh, head of surveillance regulation
      PHOTO: YEN MENG JIIN  -  703 words
    • Article
      Lock icon Market braced for more swings
      762 2  -  Chicago Board Options Exchange volatility index close to its highest levels since 2012 WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg INVESTORS in the US stock market endured another punishing bout of volatility in the past week with more likely in store this week, as hedge
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    • Article, Illustration
      Lock icon Old Swiss bank keeps up with the turning of the tide
      1044 4  -  Managing about S$1.5b in AUM, Bordier Cie is in the midst of an overhaul to satisfy regulatory changes By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE avoidance of tax evasion is not something for private banks to enforce, although banks
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    • Article, Illustration
      Lock icon Insurer QBE maps out plans to stay ahead in the game
      809 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore STEEPED in a history spanning 123 years, the insurer QBE Singapore has been ahead of the curve in the industry for some time now. But as competition heats up in the insurance sector
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    • Article
      Lock icon Low take-up rate for R&D claims under PIC: PwC study
      525 4  -  Only 6.3 per cent of respondents say most of their investments in the next three years will be in R&D By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DESPITE Singapore’s push to be a bustling research and development (R&D) hub, the take-up
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      142 2 TREETOPS EXECUTIVE RESIDENCES SINGAPORE Our P.E.O.P.L.E Beyond Service Excellence Proactiveness. Excellence. Ownership. Professionalism. Loyalty. Enthusiasm Treetops continues to be at the forefront of service excellence as we strive to go the extra mile in delivering a memorable and delightful experience for our guests. For the 9th consecutive year, we celebrate
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      220 4 Singapore Capital Expo and Small Cap Showcase 2014 INTRODUCTION Discover Leading and Innovative Growth Companies FREE ADMISSION ShareInvestor, The Business Times Wholesale Investor will bring together up to 1,000 high net worth, accredited, professional and international investors, executives, brokers, fund managers, media and industry participants for the first Singapore Capital
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon How Abenomics gave Parkway Life Reit a boost
      964 6  -  It indirectly drove up nursing home demand, even as it caused the yen to slide, says CEO Yong Yean Chau.By TOPLINE Chau.By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT ABENOMICS has given a fillip to Parkway Life Reit which has 42 nursing homes in Japan
      PHOTO: YEN MENG JIIN  -  964 words
    • Article, Illustration
      Lock icon Professionalising independent directorship
      802 6  -  By Benedict Lim T The writer is a member of the Membership Committee of the Singapore Institute of Directors INDEPENDENT directors (IDs) play an important role in the corporate governance of companies, both private and public. They are engaged to bring objectivity to the oversight function of
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    • Article
      Lock icon Manhattan Resources buys 60% of Starsmind
      370 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MANHATTAN Resources Ltd said that it has exercised its call option to acquire a 60 per cent stake in investment holding company Starsmind Capital Pte Ltd (SCPL) for S$40 million. This followed an extraordinary general meeting held on
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    • Article, Illustration
      Lock icon Buying by directors, buyback activity surge
      1622 8  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd THE buying surged with directors and listed firms posting huge tradings last week based on filings on Singapore Exchange (SGX). A total of 28 companies recorded 50 director purchases worth
      BT Graphic  -  1,622 words
    • Article, Illustration
      Lock icon Citi grabs Best Next-Gen Award
      145 8 CITI Private Bank bagged the inaugural award for “Best Next-Generation Offering” at the Private Banker International Global Wealth Summit and Awards Ceremony held at the Fullerton Hotel last Friday. Receiving the award was the bank’s Singaporean global head of the Next Generation programme, Money K.
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    • Article, Illustration
      Lock icon Credit Suisse appoints new CEO for Asia Pac
      337 8 Helman Sitohang is the first South-east Asian to be appointed to the post CREDIT Suisse has appointed Helman Sitohang as the new CEO for Asia Pacific, in addition to his existing role as head of investment banking for the region. He replaces
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    • Article, Illustration
      Lock icon PE funds see opportunity as IPO markets falter
      749 9 The tumbling stock markets have put off IPO investors, even as PE buyers are still sitting on a record cash pile REUTERS London ACROSS Europe, companies hoping to list are having their plans dashed by plunging equity prices. But what’s bad for
      REUTERS; PHOTO: REUTERS  -  749 words
    • Article
      Lock icon PRIME LENDING RATES
      261 9 OCt 17 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Bank of Singapore ...5.50 Chang
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1057 9 Payment Ex Rec Pay Ann (cts) date date date date Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMS Property ag 0.109 26-Sep 30-Sep 19-Dec 23-Sep Amtek Engg ak 1.000 03-Nov 05-Nov 20-Nov 29-Aug ASL Marine ak 1.000 31-Oct 04-Nov 12-Nov 29-Aug B&M Trustees 100 ak 2.700
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1541 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 3 10.09 14.13 1.55 1.43 ARA Asset Management Ltd 2.00 2.00 4 9.78 17.19 1.99 1.68 Ascendas Hospitality Trust Mgt
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    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist WEEKLY Straits Times Index Oct 17,2014 3,167.73 -56.14 (-1.74%) Current streak 1 day Week high 3,234.13 Week low 3,149.91 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Oct 17,2014 786.07 -44.16 (-5.32%) Current streak 1 day Week high 832.93 Week
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    • Article, Illustration
      Lock icon Back to the basics – painful but necessary
      648 10  - Back to the basics painful but necessary TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE really should be no surprises at Wall Street’s sudden collapse over the past month. A market that set maybe 70 all-time highs last year and at least a dozen more this year with only a
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    • Article
      Lock icon STI STOCKS
      306 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 +3 226/219 250 206 6.4 5659.8 CapitaLand 296 -11 308/295 348 268 14.8 2.7 ***** CapitaMall Trust 191.5 unch 193.5/188.5 209 180 5.4 6640.3 CityDev 931 +2 937/915 1118 860 12.6
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    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME IHC 321,980,000 APAC Strategic 258,300,000 Top Global 209,929,000 Golden Agri-Res 165,991,000 Mirach Energy 157,021,000 Market volume 7,734,469,000 VALUE Keppel Corp 431,685,999 DBS Grp 360,302,886 SingTel 300,649,814 OCBC Bank 175,402,060 UOB 171,981,956 Market value 5,394,187,000
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    • Article
      Lock icon SGX ETFs
      111 10 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 321 -6 1315 325/319 343/298 320/321 IS MS India US$ US722 -13 622 741/716 779/541 722/725 90.3 IS Asia BND US US1062 +6 287 1063/1051 1063/986 1052/1061 Nikko AM STI ETF 325 -6 280
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    • Article
      Lock icon COMPANY MEETINGS
      93 10 COMPANY MEETING PLACE DATE TIME F.J. Benjamin A Lavender Room (Level 3) Orchard Hotel 442 Orchard Road 20-Oct 11.00am KTL Global A 71 Tuas Bay Drive 20-Oct 10.00am Ryobi Kiso A The Imagination Room National Library Building 100 Victoria Street 20-Oct 10.00am AusGroup Ltd A 36 Tuas Road
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Oct 17 VALUE CLOSE BT OB/OS -1113.00 +257.00 BT CADI -*****.00 +130.00 BT 10-day MA -*****.00 -111.00 FTSE ST Mid Cap 731.12 +3.55 FTSE ST Small Cap 503.42 +5.95 FTSE ST All Share 766.44 +3.73 FTSE ST China Top 184.14 +1.80 FTSE ST China 217.54 +1.84 FTSE
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      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share WEEKLY ftse ST All-Share index Oct 17,2014 766.44 -14.64 (-1.87%) Current streak 1 day Week high 783.87 Week low 762.44 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
      34 10 STI MSCI EAFE WEEKLY MSCI EAFE index Oct 17,2014 1,737.51 -11.46 (-0.66%) Current streak 1 day Week high 1,781.48 Week low 1,688.46 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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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 1 15 1 0 0 0 1 15 1 Manufacturing 28 117 27 7 27 6 35 144 33 Commerce 15 50 12 5 12 2 20 62 14 Tpt/Stor/Comms 0 40 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 130,070 130,070 612,396 612,396 Manufacturing 1,216,728 240,366 1,457,094 614,947 20,862 635,809 Commerce 416,525 214,905 631,430 503,243 12,757 516,000 Tpt/Stor/Comms 610,438 21,946 632,384 823,531 3,780 827,311 Finance 150,042 676 150,718 778,077 175 778,252 Construction 373,187 167,334
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    • Article
      Lock icon Commodities haunted by demand fears as outlook darkens
      658 10 TT COMMODITIES AFP London COMMODITY markets were haunted by demand fears last week in the face of mounting global economic worries, with crude oil prices striking four-year lows and base metals also suffering heavy falls. Markets around the world have been hammered
      AFP  -  658 words
    • Article
      Lock icon GAINERS
      77 10 BY CENTS CLOSE UP 52w high/low DBXT iBoxxKR US$ ***** 465.8 2.4 *****/***** DBXT USDIGInfl US$ ***** 282.5 0.8 *****/***** DBXT EONIA US$ ***** 253.3 1.1 *****/***** DBXT iBoxxSvEu US$ ***** 236.7 0.7 *****/***** GLD US$ ***** 207.5 1.4 *****/***** BY PERCENTAGE CLOSE UP 52w high/low KepCorp MBePW*****1 12.2
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    • Article
      Lock icon LOSERS
      82 10 BY CENTS CLOSE UP 52w high/low IS DJ USTech US$ 9321 -726.7 -5.8 9998/7582 SPDR DJIA US$ ***** -670.7 -3.2 *****/***** SPDR S&P500 US$ ***** -613.4 -2.5 *****/***** IS S&P500 US$ ***** -413.6 -1.7 *****/***** DBXT MSEurope US$ 5368 -267.3 -3.8 6492/5366 BY PERCENTAGE CLOSE DOWN 52w high/low VardHldgsMBeCW*****2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Linair Tech 205.0 0.015 -0.017 -53.13 Natural Cool 486.0 0.135 -0.028 -17.18 Plastoform 9,905.0 0.011 +0.002 +22.22 RH PetroGas 29,413.0 0.590 +0.085 +16.83 Hoe Leong 210.0 0.121 -0.013 -9.70 Abterra 244.0 0.670 +0.040 +6.35 Cedar Strategic 3,801.0 0.002 +0.001 +100.00 Luxking 50.0 0.022 -0.003 -12.00
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    • Article
      Lock icon Dollar drops as volatility hits 8-month high
      389 11 TT CURRENCIES BLOOMBERG New York THE dollar weakened for a second consecutive week for the first time since June as traders pushed out expectations for US interest-rate increases to the end of next year with global economic growth faltering. A gauge of expectations
      BLOOMBERG  -  389 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Oct 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.373 0.686 6.805 53.990 106.454 0.934 9.333 2.876 1.103 90.203 39.402 1.117 9.725 0.828 26.669 28.414 0.546 0.877 Canada 1.014 5.446
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Oct 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1162 1.1170 0.8770 0.8775 Canadian dollar 1.1315 1.1322 0.8894 0.8890 Euro 1.6278 1.6284 1.2790 1.2793 NZ dollar 1.0115 1.0123 0.7948 0.7953 Sterling pound 2.0451 2.0459 1.6069 1.6073
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Oct 17 S$ Bid Offer 1-month 1.2727 1.2729 2-months 1.2727 1.2730 3-months 1.2727 1.2730 6-months 1.2726 1.2729 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 11 WEEKLY
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        Lock icon NIKKEI
        2 11 WEEKLY
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        Lock icon SHANGHAI COMPOSITE
        3 11 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 11 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        371 11 Oct 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.32 *****.67 *****.03 Dec14 *****.00 *****.00 *****.00 *****.00 *****0 *****3 Mar15 *****.00 *****.00 *****.00 *****.00 85 692 MSCI TAIWAN INDEX FUTURES SPOT 320.02 320.49 313.59 Oct14 316.90 320.00 313.50 313.60 ***** *****8 Nov14 317.10
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        213 11 Most active Oct 17 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****6 7.5 -3.3 ***** 0.2 1880 3 OLS Enterprise W*****5 0.3 -0.1 ***** 1 1 18 3.67 34 KepCorp MB eCW*****3 5.1 -3.1 *****
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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 17 Index Change Change Change Change Change Change World Preliminary 1177.8 1.6 -0.6 1.6 -1.6 1.6 -2.6 EAFE Preliminary 907.5 1.4 -5.1 1.4 -8.4 1.3 -9.3 Europe Preliminary 1295.2 2.6 -4.4
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 11 Oct 17 $S Offer Bid 0vernight 0.08 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ 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
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      • Article
        Lock icon SIBOR
        36 11 Oct 17 (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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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 11 Oct 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.19 5-Year N*****0H 1.625 01-Oct-19 101.13 101.25 101.15 10-Year NY*****H 3.000 01-Sep-24 106.57 106.90 106.60 15-Year NY*****E 2.875 01-Jul-29 102.76 103.00 103.00 20-Year NZ*****V 3.375 01-Sep-33 108.71 108.90 108.85
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 11 Oct-17 Price Net change change Last Trade Agricultural Oct-17 CBOT Soybeans (US cents/bu) 951.75 -14.75 -1.53% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.02 -0.34 -1.05% 12/12/2014 CBOT Wheat (US cents/bu) 516.00 -1.00 -0.19% 12/12/2014 Oct-17 LIFFE Cocoa (£/tonne) 2034.00 13.00 0.64% 12/12/2014 LIFFE Coffee (US$/tonne) 2117.00 -37.00 -1.72%
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      • Article
        Lock icon PALM OIL
        57 11 Oct 17 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2151.0 2165.0 2167.0 2148.0 426 ***** Dec 14 2137.0 2147.0 2151.0 2132.0 6085 ***** Jan 15 2132.0 2142.0 2148.0 2128.0 ***** ***** Feb 15 2138.0 2148.0
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  • Page 6 Advertisements
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      172 6 THE HEAD FOUNDATION PUBLIC LECTURE SERIES ‘Developing Globally Responsible Leaders Learnings from China and Singapore’ with PROFESSOR HENRI-CLAUDE DE BETTIGNIES PROFESSOR (EMERITUS), INSEAD DISTINGUISHED PROFESSOR (EMERITUS), CEIBS VISITING PROFESSOR, STANFORD UNIVERSITY The world increasingly needs globally responsible leaders. Can ethical leadership be cultivated through higher education? What are some learnings
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Keppel to redevelop IFC Jakarta Tower 1 at a cost of S$266.4m
      478 12  -  Project will more than double its net leasable area of premium office space By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore KEPPEL Land has unveiled its plan to redevelop the existing International Financial Centre (IFC) Jakarta Tower 1 which will
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    • Article, Illustration
      Lock icon Lawrence Wong to helm Jurong Lake District committee
      611 12  -  It will study plans for the Jurong Lake District area to ensure its vibrancy and opportunities for jobs, learning and recreation, says DPM Tharman By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A STEERING committee comprising members of the public and private sectors has
      PHOTO: NATIONAL PARKS  -  611 words
    • Article, Illustration
      Lock icon A view at the top of the NY real estate market
      1082 13 There is a growing segment of buyers who are capable of spending so much money that they pay prices that have no bearing, really, on the usual rules of supply and demand NYT New York RISING home values around
      NYT; PHOTO: BLOOMBERG  -  1,082 words
    • Article
      Lock icon DLF appeals trading ban
      312 13 AFP New Delhi INDIA’S biggest property developer DLF, barred for three years from raising money on financial markets over allegations that it sought to defraud investors, said last Saturday that it was appealing the ruling. DLF said it had filed an appeal challenging the order by
      AFP  -  312 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      177 12 FOR SALE BY EXPRESSION OF INTEREST SINGLE UNIT IN PRUDENTIAL TOWER Grade-A quality specification Ideal for Owner Occupation or Investment Covered access to Raffles Place and Tel ok Ayer MRT Spacious car drop off point Further enhancement to double-storey height modern lobby Column-free regular floor plate Ample car-parking provision with
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      Lock icon Page 12 Advertisements Column 2
      73 12 ASIA’S LARGEST 1 Educational Kids' Fair i Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE? TARGETS? CROW?! Join us at smartKiPs Asia 2015! 9i. *1 Call us to enquire how we can
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      Lock icon Page 12 Advertisements Column 3
      21 12 Presented to you by NEW http://notice.shareinvestor.com/talkmoneybooks Terms And Conditions Apply. For more enquiries, please contact Tel: (65) 6517 8777 Email: accounts@shareinvestor.com
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  • Page 13 Advertisements
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      64 13 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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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon INTEREST RATE IMPACT
      3032 14 THIS WEEK’S TOPIC How has the ultra-low interest rate environment affected your business over the past five years, and what would be the impact of an eventual hike in US interest rates? Joshua Yim CEO Achieve Group THE ultra-low interest rate environment has brought more liquidity to
      FREEIMAGES  -  3,032 words
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      103 15 WE SEE OPPORTUNITY FOR INCOME INVESTORS Over the next 3 to 5 years, an overhang of global leverage and subpar growth will likely limit policy makers' ability to substantially raise interest rates. This environment creates a challenge for investors how do you generate sustainable, attractive levels of income while preserving
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon AN INVESTOR'S GUIDE TO FEES AND EXPENSES
      1637 16  -  Buying financial products comes with a price, as fees go to intermediaries such as brokers, fund managers and advisers. BY BEN STEVERMAN BY BEN STEVERMAN ABOUT 140 years ago, a Philadelphia retailer named John Wanamaker figured his customers and salesmen had better things
      PHOTO: COLLECTORS CONTEMPORARY  -  1,637 words
    • Article
      Lock icon Human financial advisers working with robotic ones
      434 16 BLOOMBERG PEOPLE pay financial advisers thousands of dollars a year to pick investments, rebalance portfolios, adjust risk levels and minimise taxes. And these are all things that computers are learning to do more quickly, more reliably, at a quarter of the cost and
      BLOOMBERG  -  434 words
  • Page 16 Advertisements
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      113 16 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • BANKING & FINANCE
    • Article
      Lock icon Europe banks brace for tougher stress test
      1320 17 Review is part of a broader effort to create uniform system of regulation for banks NYT Frankfurt THE global market turmoil is a vivid reminder that the European crisis didn’t go away it has just been lying dormant. One big reason is that
      NYT  -  1,320 words
    • Article
      Lock icon Banks begin charging for large euro deposits
      271 17 BLOOMBERG New York BANKS are starting to charge their customers for depositing large amounts of euros, passing on fees imposed by the European Central Bank (ECB), rather than paying interest. Bank of New York Mellon Corp, which holds money for institutional investors, began
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      116 17 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind
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  • ENERGY & COMMODITIES
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      Lock icon Japan’s rice farms rotting from inside despite protectionism
      789 18 Some older rice farmers blame subsidy system for a now stagnant sector AFP Ryugasaki, Japan SHUICHI Yokota may be the future of Japan’s struggling rice industry. The 38-year-old is about half the age of most growers and he relies on cutting-edge technology
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      Lock icon Lithuania eagerly awaits first LNG terminal
      536 18 AFP Vilnius, Lithuania AS much of Europe anxiously awaits a Ukraine-Russia deal to avert the risk of winter gas cuts, Lithuania is breathing a sigh of relief as its first liquefied natural gas (LNG) terminal will sever Moscow’s grip on gas deliveries to the
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      Lock icon US project eyes huge solar, wind-energy storage
      1133 19 The US$54m project in California has more than 600,000 lithium-ion battery cells WP Washington AT a windy mountain pass on the edge of the Mojave Desert, North America’s most potent collection of batteries used for storing unused power is humming its way towards
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      Lock icon Williams bidding for QEP pipeline unit: sources
      265 19 BLOOMBERG New York WILLIAMS Cos is among the bidders for QEP Resources Inc’s natural-gas pipeline unit, Entrada Midstream Inc, which could fetch about US$2.5 billion in a sale, people familiar with the matter have said. Questar Corp, QEP’s former parent, is also interested
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      135 19 FX CFDS OPTIONS FUTURES STOCKS 0.8 pips on major pairs with no hidden fees? Think of it as improved opportunity. Anytime, anywhere. At Saxo Capital Markets, we've improved our prices and still offer you a range of advantages so you can make the most of your trading; with 184 FX
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  • TECHNOLOGY
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      Lock icon FCC chief stands firm on web fast lanes
      431 20 He is in agreement with Mr Obama on importance of an open Internet BLOOMBERG Washington WASHINGTON Federal Communications Commission Chairman Tom Wheeler has said that he agrees with US President Barack Obama in opposing creation of so-called fast lanes for web traffic
      BLOOMBERG; PHOTO: AFP  -  431 words
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      Lock icon Making the most of cloud technology
      908 20 IT organisations must choose strategic approach to cloud deployment TTYOU SAY BY RICK SCURFIELD T The writer is general manager, NetApp Asia Pacific WE live in an era of digitalisation. Mobility combined with the explosion of mobile devices and cloud technology has given individuals,
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      Lock icon UK threatens Internet ‘trolls’ with 2-years jail
      324 21 Victims of ‘trolls’ welcome move, lawyers see more sentences for those found guilty AFP London PEOPLE found guilty of Internet “trolling” in Britain could be jailed for up to two years under government proposals outlined on Sunday, following a number of high-profile case
      AFP; FILE PHOTO  -  324 words
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      Lock icon Twitter spices timelines with unasked-for tweets
      289 21 AFP San Francisco TWITTER says it will start reconfiguring its users’ timelines with “relevant” messages from people they haven’t bothered to follow at the service. Based on a positive response from its tests, the popular one-to-many messaging service is inching towards the Facebook model
      AFP  -  289 words
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      Lock icon Snapchat to show ads to its users
      286 21 BLOOMBERG San Francisco SNAPCHAT Inc will start showing advertisements to its users, taking a step towards justifying the US$10 billion valuation investors have placed on the startup. Unlike other social-media providers, Snapchat won’t be putting ads in people’s feeds, which “would be totally
      BLOOMBERG; PHOTO: REUTERS  -  286 words
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      Lock icon Demand for BlackBerry phone above expectations
      252 21 BLOOMBERG Hong Kong IT’S a good thing that some people can’t buy BlackBerry Ltd’s Passport phone, chief executive officer John Chen said. That means it’s popular. Shortages of the business-fo-cused smartphone show that efforts to turn around the unprofitable company, formerly known as Research
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      Lock icon Egg freezing: controversial new benefit
      541 22 Debate over Facebook’s new staff perk rekindles dispute over women in the workplace a key issue for women’s lib movement AFP Washington FREE meals, four months of maternity leave and now egg-freezing: Facebook’s latest gift to its employees has rekindled debate on the role of
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      Lock icon New diversity push by Nadella after women gaffe
      359 22 BLOOMBERG New York MICROSOFT Corp CEO Satya Nadella is driving a new initiative to promote companywide diversity and equal pay a week after he made a public gaffe on advising women on getting a pay raise. In an internal memo to staff
      BLOOMBERG; PHOTO: REUTERS  -  359 words
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      Lock icon AutoHop case: Dish wins ruling over Fox
      330 22 Service doesn’t infringe Fox’s copyrights, a federal judge says in her tentative decision BLOOMBERG Los Angeles DISH Network Corp’s AutoHop service, which lets subscribers watch recorded primetime television programmes with the advertisements taken out, doesn’t infringe Fox Broadcasting Co’s copyrights, a federal judge
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      32 20 NamCheong AHTS NCA80E 64.8m AHTS 80T BP Diesel Electric 17 October 20m m till f* I V II HI .1 11 I h IT WARMEST WISHES FROM DAIHATSU STADT POWER TECHNOLOGY www.namcheong.com.my
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      324 21 Stay Ahead In Style with The Business Times The Business Times r jggr^Ti may curt) 2014 growth Subscribe to The Business Times ALL-IN-ONE package and receive gifts worth more than $700! 28*65/month Ermenegildo Zegna Ermenegildo Zegna Tie 100% pure silk tie -worth $310 (LIMITED TO FIRST 500) PEAK®* The Peak
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      189 21 ESSEC EXECUTIVE MBA ASIA-PACIFIC SHAPE YOUR CAREER. EMPOWER YOUR FUTURE Founded in 1907 in Paris, ESSEC Business School has been developing a unique learning model based on its core values of innovation, openness, responsibility, and excellence. Leveraging on over 20 years of experience in managing Executive MBA courses, ESSEC has
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      26 22 NamCheong AHTS NCA80E 6k. 8m AHTS 80T BP Diesel Electric 17 October 2014 J WARMEST WISHES FROM R5 Guangzhou Hangtong Shipbuilding and Shipping Co Ltd www.namcheong.com.my
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  • CONSUMER
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      229 23 The Business Times Ik 1 1 Toll free 1800-289-8822 I Email noticeSiisph.com. sg I Y i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SRIB (FAR EAST) PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****2463D) NOTICE OF FINAL
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      629 23 SUNNINGDALETECH LTD. (Company Registration No. *****8621R) (Incorporated in the Republic of Singapore) 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 to the shareholders of the Company dated 20 October 2014. NOTICE
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      299 23 INVESTMENT OPPORTUNITY SALE OF BIODIESEL PLANT Offers are invited for the purchase of the following assets of a biodiesel and glycerine plant belonging to a company located in Mukim of Teluk Kalung, District of Kemaman, Terengganu, Malaysia on an “as is where is” basis: 1. Land and Building Leasehold industrial
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  • TRANSPORT
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      Lock icon Biggest strike in years cripples German rail service
      551 24 National rail operator calls action ‘irresponsible’; union accuses it of stonewalling in talks over demands for 5% wage hike and shorter working week of 37 hours AFP Berlin GERMAN rail travellers were hit last Saturday by delays and disruptions on one of
      AFP; PHOTO: REUTERS  -  551 words
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      Lock icon SIA plane hits turbulence, 22 injured
      307 24 Singapore A SUDDEN turbulence during the descent of a Singapore Airlines (SIA) superjumbo on Saturday at the Mumbai Airport left eight passengers and 14 crew injured. Flight SQ424, which was operated by an Airbus A380, was en route from Singapore to Mumbai, carrying 408
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      Lock icon Fuel-laden ship drifts off Canadian coast
      256 24 AFP Montreal A RUSSIAN container ship carrying tonnes of fuel and diesel was drifting once again off Canada’s Pacific shore on Saturday after a cable linking it to a tow ship ruptured, the military said. The ship is carrying 400 metric tonnes of bunker
      AFP  -  256 words
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      23 24 NamCheong AHTS NCA80E 6k. 8m AHTS 80T BP Diesel Electric 17 October 2014 J WARMEST WISHES FROM KONGSBERG 200 Raytheon Anschutz Singapore www.namcheong.com.my
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  • Article
    Lock icon Shipping times
    1809 25 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
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      274 25 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,
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  • GOVERNMENT & ECONOMY
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      Lock icon Japanese banks stable for now but risks rising, says BOJ
      796 26  -  Large holdings of government bonds expose the banks to falls in bond values By Anthony Rowley Tokyo JAPANESE banks are given a relatively clean bill of health for now by the Bank of Japan (BOJ) in its latest Financial System
      796 words
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      Lock icon Foreign forces at work: HK chief
      394 26 AFP Hong Kong HONG KONG’s embattled leader on Sunday said that “foreign forces” were at work in the pro-democracy movement that has paralysed parts of the city, as demonstrators accused police of using excessive violence during ugly clashes. Chief Executive Leung Chun-ying said that
      AFP; PHOTO: AFP  -  394 words
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      Lock icon Boost for Modi plans as BJP leads in state polls
      467 26 BLOOMBERG Mumbai INDIAN Prime Minister Narendra Modi’s plans to revive the nation’s economy received a boost as vote counting in two states showed his party leading in both and poised to win majority in one of them. The Bharatiya Janata
      BLOOMBERG  -  467 words
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      Lock icon Japan’s trade minister set to resign over scandal: media
      306 26 REUTERS Tokyo IN a blow to Prime Minister Shinzo Abe, Japan’s new trade and industry minister will resign over allegations that groups backing her misused political funds, Japanese media said. Yuko Obuchi, the 40-year-old daughter of a former prime minister, plans
      REUTERS  -  306 words
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      Lock icon S’pore firms shown investment potential in Kazakhstan SEZs
      212 26  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE spotlight was on the investment potential in the special economic zones (SEZs) of Kazakhstan at an inaugural roadshow held here last Wednesday. The ambassador of the Republic of Kazakhstan in Singapore, Yerlan Baudar-bek-Kozhatayev, urged Singaporean
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      Lock icon China set to introduce major legal reforms
      911 27 Companies are hoping for a more impartial justice system which will temper the influence of local governments in court proceedings REUTERS Beijing CHINA is set to unveil key legal reforms this week that will try to limit the influence local officials have on
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      Lock icon EU expected to vote on Juncker’s team
      635 27 Rejection of team will deal further blow to eurozone AFP Brussels THE European Union (EU) faces a decisive week as incoming chief executive Jean-Claude Juncker seeks approval for his new team to start tackling the economic and foreign policy challenges that beset the
      AFP  -  635 words
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      866 26 The Business Times L T/^VT'T/nj 1 P Toll free 1800-289-8822 M I I Email notices@sph.com.sg J B V j B j il www.sphclass.com.sg/notices SCINTRONIX CORPORATION LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****1719E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting
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      523 27 Advertising Feature Pioneer Singapore preschool group expands further in China Minister of Manpower Tan Chuan-Jin opens Crestar Education Group’s 105th preschool in Asia. A s' 1 r Jj» N ©V o ::-y The Crestar Education Group has further expanded its ELFA preschool network in China with its 34th preschool, in
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  • LIFE & CULTURE
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      Lock icon TAKING HEART
      671 28  -  Fund raising, activities for cancer survivors and patients, and an initiative to raise awareness about food wastage are among latest community events By Mindy Tan tanmindy@sph.com.sg @MindyTanBT McDonald’s Singapore raises funds for RMHC MCDONALD’S Singapore is starting a series of fund-raising activities as part of its global movement
      PHOTO: SGX  -  671 words
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      Lock icon Tipped F&B workers more harassed: study
      247 28 WP Washington AFTER nine years working as a waitress, mostly in suburban Memphis, Tennessee, Catherine Bryant knows how to deal with lascivious customers. She’d evade them and seek to serve better-behaved customers. But working at establishments that can attract rowdy customers with big drinks
      WP  -  247 words
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      356 28 m STPR#PERTY 3. 2:FUa',Rwl Expo 2014 ssi; 3: S! S sss 3 »»*r>SS. S: STPROPERTY INVEST REBATE RMS, 888 for first 5 property purchases Terms Conditions apply f!ff DATE: Saturday, 29 Nov 2014 Sunday, 30 Nov 2014 it I !> 1 •JL tm f iji! mi! i far fW VENUE:
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  • Page 28 Miscellaneous
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      333 28 CRYPTIC CROSSWORD Across 1 Cracked up, oddly enough (6,4) 6 Lower piece of iceberg? (4) 10 works and plays to music (5) 11 Achievement of one who doesn’t miss a trick (5,4) 12 Cause amazement to a holy man on his mobile (8) 13 Unfinished picture frame (5) 15 Regard
      333 words
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  • DINING OUT
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      Lock icon Wholesome meal with a personal touch
      928 29  -  A makeover of Wasabi bistro, classic teppanyaki eatery Teppan-Ya’s cooking follows the safe-pair-of-hands approach. BY JAIME EE approach.BY JAIME EE NEW RESTAURANT Teppan-Ya Level 4, Mandarin Oriental Singapore 5 Raffles Avenue Tel: 6885 3595 Open for lunch and dinner daily: 12pm to 2.30pm; 6pm
      928 words
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      249 29 i W. V Marinated Botan Shrimp with Sea Urchin and Caviar Waku Ghin WHERE YOUR CULINARY ADVENTURE STARTS Redefine your dining experience at Marina Bay Sands where the award-winning restaurants of celebrated chefs surprise and delight you with their mastery. From degustation menus and exceptional cuts of meat to artisanal
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