The Business Times, 8 November 2014

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Microfilm: NL33295
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g NOVEMBER 8-9, 2014 S$1.00 MCI (P) 052/08/2014 spi A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon Minted in Singapore, coined for the world
    1375 1  -  From just having the government as its only customer, S’pore Mint has been going places By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore WHEN the latest Singapore coins arrived last year, the Singapore Mint had a rude shock. The Singapore Mint a subsidiary of mainboard-listed
    FILE PHOTO; BT GRAPHICS: JENNIFER CHUA, ANDREA SOH;; PHOTOS: YEN MENG JIIN  -  1,375 words
  • Article
    Lock icon Payrolls exceed 200,000 in October as jobless rate hits 6-year low
    488 1 LATEST US DATA Bloomberg Washington EMPLOYERS added more than 200,000 workers to payrolls in October for a ninth consecutive month and the jobless rate dropped to the lowest level in six years as the American economy powered past a
    Bloomberg  -  488 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon ‘Strong leadership a constant amid change’
      538 2  -  PM Lee urges party members to stay close to the people at event marking PAP’s 60th anniversary Reports by Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong on Friday stressed the need for Singapore to have strong leaders at the helm, with
      PHOTO: CAROLINE CHIA/ THE STRAITS TIMES  -  538 words
    • Article
      Lock icon Lee Kuan Yew points way forward for PAP
      365 2 THE People’s Action Party (PAP) has stayed in power for more than 50 years because it has continually adapted itself to changes in Singapore’s society and around the world, former prime minister Lee Kuan Yew has said. “We must keep the party
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,286.39 (-4.57) HSTI FUTURES 3,286.00 (-4.00) HSIMSCI 370.53 (-0.29) HSIMSCI FUTURES 370.80 (-0.60) STOCKS Friday Change KL COMP 1,824.19 -7.79 NIKKEI 225 16,880.38 +87.90 HANG SENG 23,550.24 -99.07 SET 1,578.37 -2.40 JAKARTA 4,987.42 -46.81 MANILA 7,205.72 -30.91 KOSPI 1,939.87 +3.39 SHENZHEN B 956.27 +1.96 MUMBAI IND 27,868.63 -47.25
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.601 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.295 (US$/S$ per 1.584 2.052 EURO (US$/S$/€ 1.239 1.605 Foreign currency per US$ S$ YEN 115.20 89.00 RM 3.346 2.583 HK$ 7.753 5.986 BAHT 32.87 25.38 RUPIAH 12,164 9,393 RENMINBI 6.120 4.726 INDIAN RUPEE 61.52 47.50 A$ 1.165 0.899 NZ$ 1.300 1.004
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    • Article
      Lock icon OECD backs Tokyo’s monetary-easing move
      623 4  -  It says Japan should keep up its QE actions until the country has achieved its inflation targets By Anthony Rowley btworld@sph.com.sg Tokyo THE dramatic monetary easing moves by the Bank of Japan (BOJ) a week ago have been endorsed by the Paris-based Organisation for Economic
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    • Article, Illustration
      Lock icon Apec leaders meet amid trade pact tensions, regional disputes
      841 6  -  China looking to assert its influence in Asia and to stem the US presence in the Pacific By Virginie Mangin btworld@sph.com.sg Beijing MINISTERIAL-LEVEL meetings among Asia-Pacific Economic Cooperation (Apec) members kicked off on Friday in Beijing, a city that has virtually
      PHOTO: REUTERS  -  841 words
    • Article
      Lock icon KL trade surplus widens as import growth slows
      524 6  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA posted a sluggish 2 per cent year-on-year rise in export growth in September, underlining the central bank’s recent remarks about the uneven pace of growth in advanced economies. Nevertheless, a compression in import growth (1.1
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    • Article, Illustration
      Lock icon Picking the right pockets
      708 7  -  SATURDAY SOAPBOX Kelly Tay kellytay@sph.com.sg @KellyTayBT Reporter AT a recent etiquette class, a man, I was told, raised his hand to ask: “Where should I keep my iPhone, given that they’re getting so big these days?” “In your back pocket,” was the manners maven’s answer, because
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      81 2 CONTENTS LIVING Cover Story L2-5 Dining L6-10 Health L11 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-15 Real Estate 16-17 Banking Finance 18 Energy Commoditi`es 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Travel L12-13 Motoring L14-15 Sports L16
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      38 3 Credit Suisse Who’s giving Lindt’s CEO reason to celebrate? The acquisition of Russell Stover/Whitman’s is helping Lindt’s global growth gain momentum. Find out how Credit Suisse could give you something to celebrate at credit-suisse.com/lindt i' w^ W 4
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      85 5 RADEN SALEH Country Road, 1853 Oil on board 60 x 49 cm N S M WZ m Wm CHU TEH-CHUN Expansion Lumiere, 2003 Oil on canvas 100 x 80 cm ASIAN CONTEMPORARY MODERN ART BOROBUDUR LIVE ONLINE BIDDING www.borubudurauction.com Viewing Auction Venue Saturday, 8 November 2014 10.00 20.00 Sunday, 9
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      213 7 THE SOUND VISION SPECIALIST The Headphone Bar Parrot Audeze Cypher Labs Parrot AKG FiiO RHA Shure KEF JAYS Audinst B&O Burson Westone Grade HiFiMAN Klipsch Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available Zikmu f Now:S2,199 Zikmu UP:$2,688 Parrot Wireless Series
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Passport to the good ol’ days
      2392 8 / 9  -  Blackberry CEO John Chen believes the iconic smartphone giant has merely lost its way, and its market is growing in ways that most people don’t know about yet. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT JOHN Chen’s smartphone is a bit
      ARTHUR LEE  -  2,392 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SIA chief rules out offer for full control of Tiger Airways
      835 10  -  Airline wants to focus on restoring financial health of associate By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore SINGAPORE Airlines (SIA) might want to tame the Tiger, but it does not want the entire animal in the house. During a briefing
      BT FILE PHOTO  -  835 words
    • Article
      Lock icon Recently-listed Japfa posts 10% decline in Q3 earnings
      501 10  -  By Angela Tan angelat@sph.com.sg Singapore INDONESIAN agri-food group Japfa Ltd said on Friday that its net profit was US$10.77 million for the third quarter ended Sept 30, 2014, down 10 per cent from US$11.99 million a year ago. Earnings per share were
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    • Article
      Lock icon Venture’s Q3 profit up 3.1%
      183 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore VENTURE Corporation on Friday posted a 3.1 per cent increase in net profit for the third quarter, boosted by a slight lift in sales, as well as stronger margins. The electronics manufacturing firm also warned of higher labour costs
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    • Article
      Lock icon ST Engineering’s Q3 profit slips 8%
      426 12  -  Aerospace segment hit by weaker European ops, restructuring costs By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE Technologies Engineering (ST Engineering) posted a 7.7 per cent dip in net profit to S$121.3 million for the third quarter from S$131.4 million a year ago, largely due
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    • Article
      Lock icon Far East Hospitality Trust Q3 DPU drops 6.4%
      201 12  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore FAR East Hospitality Trust reported a 3.1 per cent drop in distributable income to S$23.45 million for the third quarter ended September 2014 from a year ago. Distribution per unit (DPU) fell 6.4 per cent to
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    • Article
      Lock icon Yangzijiang posts 1% fall in Q3 profit
      457 12  -  By Angela Tan angelat@sph.com.sg Singapore YANGZIJIANG Shipbuilding reported on Friday that its net profit for the third quarter ended Sept 30, 2014, slipped one per cent to 811.19 million yuan (S$172 million) due to lower gross profit, other income and other gains. Earnings
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    • Article
      Lock icon Project completion boosts Wee Hur’s earnings
      261 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore WEE Hur Holdings on Friday reported a net profit of S$102.5 million for its nine months ended Sept 30, 2014, almost eight times the net profit of S$ 13.1 million a year ago. This came on the back
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    • Article, Illustration
      Lock icon SGX system breakdown main feature in dull week
      646 13  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent WALL Street may have recovered and hit several new alltime highs this week but there was no spillover benefit here as the Straits Times Index underwent an indifferent five days, though it managed a 12-point
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    • Article
      Lock icon GAINERS
      78 13 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 205.9 0.8 *****/***** SPDR DJIA US$ ***** 178.7 0.8 *****/***** DBXT Vietnam US$ 2953 37.6 1.0 3100/2379 DBXT S&P500 US$ 3407 33.7 0.8 3407/2880 DBXT MSUSA US$ 5103 32.4 0.5 5103/4303 BY PERCENTAGE CLOSE UP 52w high/low ChinaGaoxian W*****8
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    • Article
      Lock icon LOSERS
      77 13 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -257.7 -0.7 *****/***** DBXT iBoxxKR US$ ***** -194.2 -1.0 *****/***** DBXT EONIA US$ ***** -192.9 -0.9 *****/***** Lyxor Idonesia US$ 8760 -181.3 -1.6 9636/6957 JMH USD 5865 -155.4 -2.0 6460/4934 BY PERCENTAGE CLOSE DOWN 52w high/low NKY *****MBePW*****2 0.7
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    • Article
      Lock icon MOST ACTIVE
      39 13 VOLUME JES Intl 95,654,000 Charisma Energy 66,713,000 Digiland Intl 46,695,000 STATS ChipPAC 46,635,000 Suntec Reit 46,597,000 Market volume 1,552,331,000 VALUE DBS Grp 121,492,328 Suntec Reit 86,598,598 UOB 48,217,680 Sembcorp Ind 48,059,845 Global Logistic 44,229,340 Market value 1,094,647,000
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    • Article
      Lock icon CapitaLand Q3 net profit inches up 1.3% to S$130m
      497 13 Singapore PROPERTY giant CapitaLand has reported net profit of S$129.98 million for the third quarter ended Sept 30, 2014, up 1.3 per cent from the same period last year. The Q3 FY2013 net profit of S$128.3 million included S$12.45 million from
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    • Article
      Lock icon STI STOCKS
      308 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 +2 229/223 250 206 6.3 5685.1 CapitaLand 315 +3 317/312 348 268 15.8 2.5 *****.7 CapitaMall Trust 194 -1 195.5/194 209 180 5.3 6728.5 CityDev 939 -2 948/939 1118 860 12.7
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    • Article
      Lock icon SGX ETFs Most Active
      111 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 163 +8 170 163/161 165/140 159/162 50.9 IS MS India US$ US768 -4 167 772/766 779/541 766/769 96 Lyxor Asia US$ US501 -2 72 502/500 543/450 501/503 73.1 Nikko AM STI ETF 337 -2
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    • Article
      Lock icon SIBOR
      31 14 Nov 7 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      795 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 3 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Sabanah Shari'ah 06-Nov-14 Sabana Real Estate Inv Sell 163 0.99 ***** 2.00 ***** 1.98 Tee Intl 06-Nov-14
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 0 0 0 4 7 4 Manufacturing 43 44 31 6 11 11 49 55 42 Commerce 16 26 17 5 5 2 21 31 19 Tpt/Stor/Comms 8 18 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,921 22,921 98,255 98,255 Manufacturing 303,322 31,452 334,774 113,680 2,333 116,013 Commerce 118,373 41,094 159,467 81,932 2,623 84,555 Tpt/Stor/Comms 96,683 17,057 113,740 123,052 5,670 128,722 Finance 20,399 199 20,598 226,603 41 226,644 Construction 45,377 74,162
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Nov 7 VALUE CLOSE BT OB/OS 57.00 -52.00 BT CADI -*****.00 -49.00 BT 10-day MA -*****.00 +6.00 FTSE ST Mid Cap 746.98 -0.27 FTSE ST Small Cap 519.90 -1.09 FTSE ST All Share 792.94 -1.01 FTSE ST China Top 190.56 +1.18 FTSE ST China 225.21 +0.73 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 14 VOL CLOSE($) CHANGE Jason Marine 947.0 0.250 +0.050 +25.00 Brooke Asia 480.0 0.170 +0.020 +13.33 Koh Eco 53.0 0.050 -0.028 -35.90 STATS ChipPAC 46,635.0 0.475 -0.105 -18.10 Luxking 92.0 0.021 -0.002 -8.70 Oriental 570.0 0.100 +0.018 +21.95 PSL 25,350 0.150 -0.007 -4.46 Chemical Ind 120.0 0.520 +0.020 +4.00
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    • Article
      Lock icon COMMODITY FUTURES
      212 15 Nov-06 Price Net change change Last Trade Agricultural Nov-6 CBOT Soybeans (US cents/bu) 1031.00 10.50 1.03% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.53 -0.19 -0.58% 12/12/2014 CBOT Wheat (US cents/bu) 520.25 -4.50 -0.86% 12/12/2014 Nov-6 LIFFE Cocoa (£/tonne) 1915.00 19.00 1.00% 12/12/2014 LIFFE Coffee (US$/tonne) 2006.00 -20.00 -0.99%
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    • Article
      Lock icon PALM OIL
      57 15 Nov 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2210.0 2192.0 2215.0 2190.0 205 1226 Dec 14 2248.0 2201.0 2255.0 2198.0 2382 ***** Jan 15 2244.0 2196.0 2252.0 2193.0 ***** ***** Feb 15 2248.0 2206.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 15 Nov 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.84 5-Year N*****0H 1.625 01-Oct-19 100.59 100.65 100.60 10-Year NY*****H 3.000 01-Sep-24 105.92 105.95 105.80 15-Year NY*****E 2.875 01-Jul-29 102.13 102.15 102.15 20-Year NZ*****V 3.375 01-Sep-33 107.84 107.80 107.80
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Nov 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1114 1.1121 0.8583 0.8587 Canadian dollar 1.1318 1.1326 0.8745 0.8740 Euro 1.6044 1.6050 1.2390 1.2393 NZ dollar 0.9958 0.9966 0.7690 0.7695 Sterling pound 2.0513 2.0521 1.5841 1.5845
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 15
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      213 15 Most active Nov 07 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left UOB MB eCW*****2 15.1 -1.4 4670 0.1 2360 4 Rowsley Ltd W*****3 4.1 -0.1 4168 1 18 23 DBS MB eCW*****6 16.4 1.7 3991 0.2 1880 2
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 15 In local curr In S$ In US$ dy yr dy yr dy yr Nov 6 Index Change Change Change Change Change Change World Preliminary 1257.0 0.1 6.1 -0.1 5.2 -0.1 2.7 EAFE Preliminary 972.4 -0.1 1.7 -0.5 -3.5 -0.4 -5.8 Europe Preliminary 1362.2 0.3 0.5
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      Lock icon Page 11 Advertisements Column 1
      1097 11 ZICO ZICO HOLDINGS INC. (formerly known as ZlCOlaw Holdings Inc.) (Company Registration No.: LL*****) (Incorporated in Labuan on 9 December 2010) PLACEMENT OF 48,000,000 PLACEMENT SHARES AT SS0.30 FOR EACH PLACEMENT SHARE, PAYABLE IN FULL ON APPLICATION Capitalised terms used in this announcement, unless otherwise defined in this announcement, shall
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  • REAL ESTATE
    • Article, Illustration
      Lock icon TRE Residences to be launched next weekend
      596 16  -  Average pricing is S$1,560 psf with early-bird discounts of up to 5% By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SALES at TRE Residences in Geylang, a 250-unit condominium project jointly developed by Sustained Land, MCC Land and Greatview Development, will begin next weekend at
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    • Article
      Lock icon Blackstone gets US$1.5b in commitments for property fund
      669 16 Bloomberg Seattle BLACKSTONE Group LP has commitments of about US$1.5 billion for its first fund to buy stable, well-leased US real estate, expanding a year-long foray into the biggest part of the commercial property market. The fund, Blackstone Property Partners, planned to
      Bloomberg  -  669 words
    • Article
      Lock icon Househunt
      1031 17 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 24 AND SEPT 30, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Int'l Plaza Apt 25/09/2014 99 1496 1960 1310 Spottiswoode Residences Apt 29/09/2014 FH 1281
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  • BANKING & FINANCE
    • Article
      Lock icon Boss of US bitcoin firm charged with fraud
      546 18 Prosecutors accuse Texan Trendon Shavers of running a US$4.5m Ponzi scheme Bloomberg New York A TEXAS man who ran a firm that claimed to make virtual cur-rency-based investments was accused of masterminding a US$4.5 million Ponzi scheme in what US prosecutors said
      Bloomberg  -  546 words
    • Article, Illustration
      Lock icon Small-cap companies showcase their worth
      131 18  -  By Yen Meng Jiin MORE than 400 high-net-worth and professional investors, brokers and fund managers gathered at the Singapore Capital Expo and Small Cap Showcase 2014 on Friday to network with senior management representatives from 28 private, pre-IPO and small-cap Australia Stock Exchange (ASX)-listed companies
      PHOTO: YEN MENG JIIN  -  131 words
    • Article
      Lock icon Banks ask US judge to dismiss Libor-linked suits
      214 18 Bloomberg New York BANKS including Bank of America Corp, Mitsubishi UFJ Financial Group Inc, Barclays plc and Citigroup Inc, asked a judge to throw out claims they cheated customers on in-terest-rate swaps and other Li-bor-based transactions. The companies asked US District Judge
      Bloomberg  -  214 words
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      71 18 HOT PROPERTY DALKEITH ESTATE AUCTION Corner 1½ sty detached FH 9980 sf, 2front, MRT, Stay /rebuild RAFFLES PK VICINITY 9800 5000 sf Detached 5 rms, 4 toilets. Pool. Wide front. Elevated. JLN NOVENA BARAT Semi-D 1 km to ACS SJI. 5 mins to Novena MRT. 7 rooms. Private lift Pool.
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      76 19 ill m m i m m p; ■■vm j. 7/ m m '/V>, m m m m Wa m Ml Amt m Apply makeup? m k im a W9SL fzi 5L SaffesaR > -rv > ‘4 a V, -5 Know the world! Scan the QR code now to view the
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Noble’s Q3 profit soars to US$153.9m
      451 20  -  Revenue up 7% at US$23.3b as group handles a third more volume By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group posted third-quar-ter net profit of US$153.9 million, almost seven times the US$22.9 million a year ago, thanks to increased trading volumes and a turnaround
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    • Article, Illustration
      Lock icon China oil producers face cuts after period of ‘runaway’ spending
      462 20 Bloomberg Sydney THE slump in oil prices is a boon to China as the world’s second-biggest oil consumer. It’s a different story for the country as a major producer. The slide in prices to a four-year low threatens to cut
      Bloomberg; PHOTO: REUTERS  -  462 words
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  • TECHNOLOGY
    • Article
      Lock icon US tech giants investing big to stay ahead
      549 21 Some even placing huge bets on non-core products AFP New York AMERICA’S technology giants are drawing on their huge cash stockpiles to make big bets on investments and acquisitions that could prove to be visionary or end up as boondoggles. Companies such
      AFP  -  549 words
    • Article, Illustration
      Lock icon 53m e-mail addresses also taken in hacker attack: Home Depot
      347 21 Bloomberg New York HOME Depot Inc, which suffered a data breach between April and September, said that 53 million e-mail addresses were taken by hackers during the attack, in addition to the 56 million payment cards that were previously disclosed.
      Bloomberg; PHOTO: REUTERS  -  347 words
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      Lock icon Page 21 Advertisements Column 1
      171 21 Enjoy 15% off Christmas goodies and 10% off festive hampers at Café Mocha! Venue: Santa Shop, Café Mocha, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Singapore *****4 Tel: (65) 6845 1066 Promotion details and booking: http://goo.gl/T52L04 Enquiries: promotions.marina@meritushotels.com Website: www.marinamandarin.com.sg About Café Mocha at Marina Mandarin Singapore This season
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  • CONSUMER
    • Article, Illustration
      Lock icon US consumer confidence nears August 2013 high
      649 22 Cheaper petrol, more job opportunities are lifting spirits Bloomberg Washington CONSUMER sentiment in the US advanced last week to the sec-ond-highest level since 2008 as Americans grew more confident about their financial well-being. The Bloomberg Consumer Comfort Index climbed to 38.1 in the
      Bloomberg; PHOTO: AFP  -  649 words
    • Article
      Lock icon Study finds socio-economic link in what US babies are fed
      350 22 WP Washington THE difference between what the rich and poor eat in America begins long before a baby can walk, or even crawl. A team of researchers at the University at Buffalo School of Medicine and Biomedical Sciences found considerable
      WP  -  350 words
    • Article
      Lock icon Greater demand, competition ahead for biggest US organic grocery chain
      510 22 WP Washington THE organic grocery business is expected to explode in the next several years as Americans become increasingly focused on healthy diets and fresh ingredients. Interest in free-range meat, sustainable seafood and locally grown fruits and vegetables is likely
      WP  -  510 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Jokowi plans US$6b port expansion
      727 23 Aim is to reduce shipping delays at major ports of Indonesia’s main islands and to boost trade Bloomberg Jakarta INDONESIAN President Joko Widodo is targeting almost US$6 billion in projects to expand ports across the world’s biggest archipelago, where investors are deterred by logistics costs
      Bloomberg  -  727 words
    • Article
      Lock icon China looking to develop wide-body passenger plane
      470 23 AFP Shanghai CHINA is seeking suppliers to develop its own wide-body passenger plane over the next decade, industry executives told AFP, expanding its ambitions and rivalry with Boeing and Airbus. The proposed aircraft tentatively called the C929 would be state-backed Commercial Aircraft Corp
      AFP  -  470 words
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      225 23 Subscribe Now, Unbox Your Very Own Dell Laptop. Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the Dell Vostro 5470. only $59.90 Available to UOB and Citibank Credit Card holders only /month Sleek brushed aluminum build just 19mm slim and weighing 1.5kg allowing for
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Singapore is China’s second favourite investment destination
      827 24  -  By 2017, China’s outbound direct investment could reach US$264b, outstripping its FDI By Angela Tan angelat@sph.com.sg Singapore THE Republic’s diverse industrial structure ranging from high-tech biomedical manufacturing to multi-million infrastructure development has helped the city state remain China’s second most popular investment destination
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    • Article
      Lock icon Joblessness, inequality top 2015 global concerns: report
      553 24 World Economic Forum study also lists lack of leadership, environmental issues, importance of health in the economy AFP Geneva UNEMPLOYMENT and rising income inequality will top concerns for global leaders in 2015, a World Economic Forum (WEF) study said on Friday. The organisation,
      AFP  -  553 words
    • Article
      Lock icon 1MDB shouldn’t keep funds overseas: Daim
      617 25 Nexus between business and politics is inevitable and won’t go away soon, he tells business conference Kuala Lumpur DAIM Zainuddin, who served twice as finance minister during Mahathir Mohamad’s 22-year administration, has said govern-ment-owned fund 1Malaysia Development Bhd (1MDB) should not keep money overseas,
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    • Article, Illustration
      Lock icon Abe seeks step forward in Sino-Japanese ties
      823 25 He welcomes summit with Xi Jinping at Apec meeting Bloomberg Tokyo JAPANESE Prime Minister Shinzo Abe has managed to pull off one of the most important meetings since taking power two years ago. The leaders of Japan and China the world’s second-and third-largest
      Bloomberg; PHOTO: REUTERS  -  823 words
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  • OPINION
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      Lock icon Making sports sponsorship work
      1009 26 / 27  -  The NZ Maori All Blacks’ visit to Singapore next week will help grow the sport in Asia; AIG expects widespread benefits from its sponsorship. By Mike Raines By Mike Raines ~The writer is president and CEO of AIG Singapore SPORTS is big business. The 2014 Fifa
      PHOTO: AFP  -  1,009 words
    • Article, Illustration
      Lock icon The hidden tax you pay for waiting
      651 26 / 27  -  More attention should be paid to reducing ‘time taxes’, which can have serious adverse effects on people’s well-being By Cass R Sunstein Bloomberg View IMAGINE that whenever you planned to do volunteer work, the government told you that you must also pay a
      Bloomberg View; PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  651 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Buy-and-hold passe? Says who?
        1008 28 / 29  -  Pictet has enabled its clients to profit handsomely from markets over the long term, investing in stocks, debt, hedge funds and PE. By Genevieve Cua By Genevieve Cua gen@sph.com.sg @GenCuaBT AMID markets’ dizzying swings, investing using a buy-and-hold approach appears to have fallen by the wayside
        1,008 words
      • BROKERS’ TAKE
        • Article
          Lock icon Singapore Post
          157 28 / 29 Hold CIMB Research Nov 7 Nov 7 close: S$1.93 Target price: S$1.96 H1 FY15 core net profit of S$73.7 million formed 46 per cent of our and 47 per cent of consensus full-year forecast. We see the results as largely in line, and expect a stronger H2 to
          157 words
        • Article
          Lock icon Singapore Airlines
          231 28 / 29 Buy Maybank Kim Eng Research Nov 7 Nov 7 close: S$10.12 Target price: S$12.00 PARENT strength was wiped out by sharp losses from Tigerair from one-off charges. The decline in passenger yields is getting smaller, at 0.9 per cent year-on-year or flat quarter-on-quarter. Load factors improved across major
          231 words
        • Article
          Lock icon Hi-P International
          156 28 / 29 Buy UOB Kay Hian Research Nov 7 Nov 7 close: S$0.655 Target price: S$0.85 Hi-P is expected to spend another S$61.6 million in capex for Q4 FY14, as it looks to expand its production capacity in steel-related components. Phase 1A Nantong plant construction is on schedule, and production
          156 words
        • Article
          Lock icon Valuetronics Holdings
          189 28 / 29  -  Compiled by Kenneth Lim Buy Phillip Securities Research Nov 7 Nov 7 close: S$0.34 Target price: S$0.495 VALUETRONICS results were overall acceptable, with revenue coming in at HK$627.6 million (-0.7 per cent year-on-year, +0.2 per cent quar-ter-on-quarter) leading us to believe recent share price weakness is probably overdone.
          189 words
      • Article, Illustration
        Lock icon Institutional shareholders in US firms push for boardroom say
        1162 30  -  75 firms to be asked to allow investors to hire and fire directors directly; for greater accountability and to erase some clubby aspects. By By Gretchen Morgenson NYT New York ANNUAL shareholder meetings are supposed to allow a c om p
        NYT; PHOTO: MICHAEL APPLETON/THE NEW YORK TIMES  -  1,162 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon All systems go for StanChart Marathon 2014
      444 31  -  Slots still available for full marathon; those for the shorter distances just about all gone By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WITH just four weeks to this year’s Standard Chartered Marathon, more than 90 per cent of the slots have already been snapped
      444 words
    • Article
      Lock icon Japan drawing up national strategy to tackle dementia
      376 31 WP Tokyo PRIME Minister Shinzo Abe announced on Thursday that the government will map out a new national strategy to address dementia in which all ministries and agencies jointly tackle issues related to the disease and conduct a nationwide survey targeting 10,000
      WP  -  376 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      331 31 CRYPTIC CROSSWORD Across 1 Male hanging around to enjoy carnival (5,4) 6 Redecorate reception at university (2,2) 10 Awkward drunk (5) 11 Whose epic, remade, is the best example of its type (9) 12 Group of players, actors with her, performing (9) 14 Learning about island in French river (5)
      331 words
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      173 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENIA, A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE ENVI RONMENT A RARE SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE 1875, THE HOME OF
      173 words
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      46 1 LivingBTTHE BUSINESS TIMES WEEKEND NOVEMBER 8-9 2014 DINING High Flyers L6-7 BRANCHING OUT Established names entering new industries L2-5 DESIGN Smashing combi L11 MOTORING Van Tourer L15 TRAVEL Autumn sonata L12-13 PHOTO: ADONIS HOTEL DINING Eat. Shop. Relax L8-10 SPORTS Hitting the networking track hard L16
      46 words
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  • BT Living
    • Article, Illustration
      Lock icon Branching out
      2606 2 / 3  -  Stepping out of one’s comfort zone applies to more than just individuals. Some established names have taken on the challenge of entering new industries, and are already enjoying benefits from the resulting synergies. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT Hospitality spirit Adonis Hotel
      2,606 words
    • DINING
      • Article, Illustration
        Lock icon High Flyers
        1703 6 / 7  -  The new age of airline cuisine is marked by collaborations with celebrity chefs and five-star hotels, as well as input from renowned wine connoisseurs. With designer plates, white linen, and decadent ingredients, it’s almost like you’re dining in a fancy restaurant at ground level. By Tiong Li Cheng
        1,703 words
      • Article, Illustration
        Lock icon Eat. Shop. Relax
        1976 8 / 9  -  Stores are making it easier for Singaporeans to enjoy their favourite national pastime of eating and shopping by combining dining and retail concepts in their space By Tiong Li Cheng By Lisa Fratini lfratini@sph.com.sg By Rachel Loi rachloi@sph.com.sg @RachelLoiBT By Tiong Li Cheng PACT #02-14-23 Orchard Central,
        PHOTO: JOSEPH NAIR  -  1,976 words
    • DESIGN
      • Article, Illustration
        Lock icon Smashing combi
        1081 11  -  A little known fact of Venus Williams, a woman who changed the face of modern tennis, is that she loves designing. By Roxanne Roberts By Roxanne Roberts WP THIS is what you get when you hire Venus Williams as your interior decorator: an enthusiastic designer who has travelled
        WP; PHOTO: REUTERS  -  1,081 words
    • TRAVEL
      • Article, Illustration
        Lock icon AUTUMN SONATA
        1197 12 / 13  -  Adventure seekers should head to Mongolia’s Gobi Desert, with riding a camel and looking for dinosaur fossils on their to-do list. By Doreen Siow IF only mad dogs and Englishmen go out in the midday sun, then it has to be crowd-averse Singaporeans with a misplaced sense of
        PHOTOS: DOREEN SIOW  -  1,197 words
    • MOTORING
      • Article, Illustration
        Lock icon A new form of luxury
        793 14  -  The new Lexus NX combines traditional luxury with high-tech features to achieve a different level of desirability. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Lexus NX is the Japanese luxury brand’s first compact SUV and it was created with one simple target to attract
        793 words
      • Article, Illustration
        Lock icon VAN TOURER
        639 15  -  The 2 Series Active Tourer is a BMW minivan that stands out for its engine and handling. By Samuel Ee samuelee@sph.com.sg THE arrival of the BMW 2 Series Active Tourer would be more exciting if not for its unexciting styling. The first front-wheel-driven model to wear a BMW
        639 words
    • SPORTS
      • Article, Illustration
        Lock icon Hitting the networking track hard
        1006 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WHEN it comes to business networking, many executives around the world, including here in Singapore, are putting aside their golf clubs in favour of another sport cycling. hen Chris Robb, an avid cyclist himself, once asked a
        PHOTO: SPECTRUM WORLDWIDE  -  1,006 words
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      924 4 / 5 wine&dine with BTWeekend Marina Mandarin Singapore 6 Raffles Boulevard Corporate Events Enjoy premium accommodation paired with ultimate convenience. From S$290++ for a Deluxe Room, enjoy complimentary breakfast and Internet access, perfect for the ultimate business traveller. Top off the experience with our full day meeting package at S$95++ per person
      924 words
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      79 10 NOW YOU CAN STOP WORRYING ABOUT BEm CHARGES E R P 4 Find properties near your workplace on www.ST .sg r.i)l HjKtJrTJBLISntK- 001/1 EPPY snE Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 BEST CLASSIFIED WEBSITE with over 1 million unique monthly visitors SILVER WINNER Silver at
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      95 11 ucr HEART, STROKE CANCER CENTRE 1 T i Preserving Health and Longevity Worried about Ei Heart Attack? ft!' 5 m 9] A Ai CT Coronary Angiogram at $399 Si Irl CALL (+65) 6881 8811 FOR YOUR APPOINTMENT TODAY 4 The abovementioned price is not inclusive of CT IV contrast. Kindly
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