The Business Times, 13 November 2014

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Microfilm: NL33295
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    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 I Wednesday, October 8, 2014 Thursday, November 13
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  • Article, Illustration
    Lock icon DAILY DIGEST
    282 1 Standard Chartered Bank’s plans to close up to 100 branches, or 8 per cent of its global network, won’t affect Singapore. A spokesman said Singapore is among the cities the bank has identified as strategic, based on market opportunity and growth, and it intends to continue to invest
    282 words
  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 3,283.71 (-8.44) KL COMP 1,816.24 (-8.87) NIKKEI 225 17,197.05 (+72.94) HANG SENG 23,938.18 (+129.90) SHENZHEN B 970.80 (+8.26) DOW(11am EST) 17, 553.08 (-61.82)
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  • Article, Illustration
    Lock icon Shanghai-HK link leaves a Singapore divide
    770 1  -  Some analysts say trading tie-up will put pressure on SGX but most of them think impact may not be pronounced By Kenneth Lim, Cai Haoxiang kenlim@sph.com.sg @KennethLimBT haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MARKET players here will be closely watching the new trading link between Hong Kong
    Sources: Bloomberg, Hong Kong Exchanges and Clearing and Singapore Exchange  -  770 words
  • Article, Illustration
    Lock icon Citic teams up with KKR to buy United Envirotech
    641 1  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CHINESE conglomerate Citic, in a bid to move into the fast-growing environ-mental-protection sector in China, is partnering American private-equity firm KKR to buy at least a majority stake in wastewater treatment firm United Envirotech Ltd
    Source: UEL, BT  -  641 words
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      203 1 *****4 PROPERTY CDL warns of fire sales in high-end residental market but offices, hotels are shining stars COMPANIES MARKETS 7 ART Chen Yifei painting sourced from a S'pore collector goes on auction ASEAN SUMMIT PM Lee pushes for Asean open skies pacts TOP STORIES 6 LIFE CULTURE 28 IPO WATCH
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      4 1 More reports, Page 2
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  • TOP STORIES
    • Article
      Lock icon Singapore investors get to trade China A-shares, but how many will?
      760 2  -  Retail investors here tend not to trade foreign shares apart from Malaysian stocks SHANGHAI-HONG KONG LINK By Cai Haoxiang, Kenneth Lim haoxiang@sph.com.sg @HaoxiangCaiBT kenlim@sph.com.sg @KennethLimBT Singapore RETAIL investors in Singapore can start trading in China’s A-share market next Monday
      760 words
    • Article, Illustration
      Lock icon HK scraps yuan conversion cap ahead of Shanghai link
      594 2  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore IN preparation for a potential spike in demand for yuan, Hong Kong has decided to lift a daily cap on the amount of Chinese yuan residents can convert from next Monday which is also
      Source: HSBC Global Research report, with data from CEIC, MAS  -  594 words
    • Article
      Lock icon Standard Chartered Singapore not planning branch closures
      446 4  -  The bank considers Singapore a high-growth city and its presence here is strategic By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore EVEN as the United Kingdom-based Standard Chartered Bank plans to close up to 100 branches or 8 per cent of its global network
      446 words
    • Article
      Lock icon Rents squeezed by new demand-supply scenarios
      945 4  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RENTALS for private condos/apartments as well as HDB flats continued to come under presure in October, latest SRX flash estimates show. Market watchers blame this on the tightened inflow of foreign talent crimping leasing demand on the one
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    • Article
      Lock icon ViewQwest ups the ante to 2Gbps, slashes price for 1Gbps
      774 4  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore VIEWQWEST is set to offer Singapore’s fastest home fibre broadband connection at 2 gigabits per second (Gbps) early next year, even as it slashes the price on an existing plan in a bid for
      774 words
    • Article
      Lock icon NTUC aims for half of unionised companies on Progressive Wage Model by end-2015
      629 4  -  Over 150,000 workers have benefited from programme to date, spread across 270 companies in 12 clusters By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE National Trades Union Congress (NTUC) is targeting at least half of its 1,400
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    • Article
      Lock icon OW Bunker saga: MPA making ‘routine’ checks on Tankoil
      427 4  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE Maritime and Port Authority of Singapore (MPA) said that it was making “routine” checks on Tankoil Marine Services, reportedly involved in the OW Bunker saga, as the fallout from last week’s fraud case continued
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    • Article
      Lock icon PM Lee pushes for open skies pacts, urges roll-out of accord by end-2015
      481 6  -  He makes pitch for RCEP at Asean leaders’ talks with partners ASEAN SUMMIT Reports by Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Nay Pyi Taw, Myanmar SINGAPORE pushed for open skies pacts at the annual talks of Asean leaders
      481 words
    • Article, Illustration
      Lock icon Boosting intra-Asean trade key community goal
      330 6 Shanmugam says current figures do not compare well with other common market communities THE Asean Economic Community will become a reality next year but trade among member states still has some way to go. “What does Asean mean to our people? It must be
      PHOTO: REUTERS  -  330 words
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      238 2 Public symposium Competition Cooperation in the Asia-Pacific Recognising Challenges, Seizing Opportunities What is the best approach to managing rising tensions in East Asia? What is the prospect of further cooperation in the Asia-Pacific? Date 19 November 2014 Time 1-5 pm Venue The Gallery, Grand Hyatt Singapore (10 Scotts Road) Free
      238 words
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      Lock icon Page 2 Advertisements Column 2
      101 2 QS WORLD MBA TOUR™ Singapore's BIGGEST MBA Business education fair November 15 Suntec Convention Centre Participating business schools include: Cheung Kong GSB, CEIBS, Cornell Alumni, College of William Mary, ESADE, ESSEC, George Washington University, Globis Japan, HEC Paris, HKUST, Hult, IE, IMD, Maryland, Melbourne, Nanyang Business School, NUS, SAIF, Shanghai
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      37 6 With my own car, I can get anywhere, anytime I want! To find that dream car, check out Class 302 to 358 in Print Classified. 1 < s Call Print Classified at Hotline: 1800-289-9988 to place your advertisement.
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      26 6 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon CDL warns of fire sales in high-end market
      920 7  -  While the residential property market is on a downturn, group can ride on ‘shining stars’ of offices and hotels By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CITY Developments Ltd (CDL) executive chairman Kwek Leng Beng has warned that the current subdued state of
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    • Article, Illustration
      Lock icon Weak China sentiment continues to hit Biosensors
      437 7  -  BY cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MEDICAL devices company Biosensors International continued to struggle with weak market sentiment in China as it reported a net profit of US$4.9 million for the three months ended Sept 30, 2014, 56 per cent lower than the
      Source: Bloomberg  -  437 words
    • Article
      Lock icon Pawnbroker ValueMax’s Q3 profit falls 44% as gold prices drop
      502 7  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore MAINBOARD-listed pawnbroker ValueMax Group saw its net profit attributable to shareholders fall 43.9 per cent year-on-year to S$ 1.69 million for the third quarter ended Sept 30, 2014. This, despite its revenue climbing 7.5
      502 words
    • Article, Illustration
      Lock icon Active trading in UEL expected today
      256 7  -  HOT STOCK By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore SHARES of water treatment firm United Envirotech Ltd (UEL) should see active trading today following the announcement yesterday that the company has received a pre-conditional voluntary offer for its shares from Citic Environment Protection Co and
      Source: Bloomberg  -  256 words
    • Article
      Lock icon Croesus Retail Trust Q1 DPU beats forecast
      345 7  -  BY Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CROESUS Retail Trust (CRT) reported an income available for distribution of 791 million Japanese yen (S$8.85 million) for Q1 FY2015 ended Sept 30, 2014, with distribution per unit (DPU) for the quarter working out to 2.08 Singapore
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    • Article
      Lock icon Golden Agri’s Q3 net profit slumps 86%, poorest quarter in 11 years
      651 8  -  Huge foreign exchange loss adds to its other ills of uncertain palm-oil prices, thin margins and China’s challenging oilseeds market By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore FLUCTUATING palm-oil prices, thin margins across the board and a challenging oilseeds
      651 words
    • Article
      Lock icon Swissco’s Q3 net profit surges 78.8% to S$10.4m on OSV charters, acquisition
      510 8  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore MAINBOARD-LISTED Swissco Holdings (Swissco) on Wednesday announced a 78.8 per cent rise in its third-quarter net profit to S$ 10.4 million from S$5.8 million in the same period last year, with higher
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    • Article
      Lock icon Swissco bags 2 deals worth up to US$119m
      296 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MAINBOARD-listed Swissco Holdings has won two charter contracts worth up to about US$119 million. In the first contract, a joint venture (JV) between Swissco and Union Offshore has bagged a charter contract worth up to US$115
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    • Article
      Lock icon LionGold bleeds S$20m in delayed Q1 results
      612 8  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE market was once again reminded of the shattered financials of the firms embroiled in last October’s penny stock crash with LionGold releasing its much-delayed first quarter results with an injurious outing, just one day after its
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    • Article
      Lock icon Brokerages find relief where they can in Q3
      373 8  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE brokerages had a mixed third quarter, with some players finding relief from a mix of channels after a weak first half of the year. UOB-Kay Hian Holdings got some respite from its overseas business. The
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    • Article
      Lock icon China gloom outweighs overseas sales pick-up at Yongmao
      312 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore OVERSEAS growth was not enough to stem a sharp slide in the domestic Chinese market of crane-maker Yongmao Holdings. The company reported a net profit of 12.4 million yuan (S$2.6 million) for its second quarter ended
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    • Article
      Lock icon Japfa says cows in its China dairy farms are not sick
      130 8 Singapore JAPFA Ltd said on Wednesday that there has been no incidence of cows in its China dairy farms having been tested positive for bovine tuberculosis. The Indonesian agri-food company, which has dairy operations in China, said this in
      130 words
    • Article
      Lock icon Swiber US$27.5m in the red in Q3
      317 8  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SWIBER Holdings on Wednesday posted a net loss of US$27.5 million for the third quarter compared to a net profit of US$7.7 million made during the same period last year, due mainly to lower revenue recognition for
      317 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index NOV 12,2014 3,283.71 -8.44 (-0.26%) Current streak 2 days Day high 3,299.23 Day low 3,277.55 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index NOV 12,2014 780.11 -3.47 (-0.44%) Current streak 7 days Day high 789.28 Day low
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    • Article, Illustration
      Lock icon UOB, DBS price pullback hits STI
      718 10  -  Market turnover still weak; stock of Genting Singapore also lower after it reports plunge in Q3 earnings TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT CONTINUED price pullback of UOB and DBS shares, and a soft opening for Europe meant the Straits Times Index finished
      Source: Bloomberg  -  718 words
    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low DBXT AUDCS US$ ***** 290.3 1.2 *****/***** DBXT iBoxxSvEu US$ ***** 212.9 0.6 *****/***** DBXT AUDCS SG$ ***** 210.0 0.9 *****/***** Lyxor Indonesia US$ 8892 189.7 1.7 9636/6957 GLD US$ ***** 183.2 1.3 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Digiland Intl 0.2
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -82.6 -0.3 *****/***** SPDR DJIA US$ ***** -64.5 -0.3 *****/***** DBS.ES.1411 1915 -54.0 -2.7 1969/1915 Lyxor AsiaCS US$ 5950 -49.0 -0.6 6360/5562 DBXT MSTaiwa US$ 2157 -43.9 -1.6 2322/1853 BY PERCENTAGE CLOSE DOWN 52w high/low Asiatravel W*****5 0.2 -90.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 10 VOL CLOSE($) CHANGE Smartflex 4,149.0 0.193 +0.033 +20.63 Yuexiu Prop 10 1.01 0.215 +0.056 +35.22 World Precision 190.0 0.355 +0.050 +16.39 BBR 3,443.0 0.270 -0.025 -8.48 Sri Trang Agro 1,400.0 0.500 +0.010 +2.04 GKE 1,010.0 0.090 -0.008 -8.16 EuNetworks 416.0 0.760 +0.065 +9.35 LottVision 4,653.0 0.008 -0.001 -11.11
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    • BROKERS’ TAKE
      • Article
        Lock icon Nam Cheong Ltd
        170 10 Buy Nov 12 close: S$0.42 Target price: S$0.60 DBS Group Research, Nov 12 Q3 2014 net profit was up 113 per cent year-on-year and 100 per cent quarter-on-quarter to RM126 million in Q3 2014, significantly better than our estimates. This is Nam Cheong’s strongest quarter to date
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      • Article
        Lock icon Swissco Holdings
        127 10 Buy Nov 12 close: S$0.85 Target price: S$1.35 CIMB Research, Nov 12 WE view Swissco’s latest accommodation rig deal as a better one, with a higher day rate of about US$45,000 and payback of capital expenditure during the first tranche of contract. Swissco and its 50 per cent
        127 words
      • Article
        Lock icon Boustead Singapore
        180 10  -  Compiled by Cai Haoxiang Buy Nov 12 close: S$1.865 Target price: S$2.40 Phillip Securities Research, Nov 12 FIRST-HALF results were excellent. Core-profitability continued to improve. We are on course to meet our full-year earnings forecast of at least S$75 million (with the second half usually stronger). The key
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      • Article
        Lock icon CALENDAR
        6 10 DATA I1.30pm China Industrial Production
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    • Article
      Lock icon STI STOCKS
      309 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 +2 229/226 250 206 6.2 5760.9 CapitaLand 316 +1 320/315 348 268 15.8 2.5 *****.4 CapitaMall Trust 195.5 -1.5 198/195 209 180 5.3 6780.5 CityDev 936 -2 947/935 1118 860 12.7
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME Genting Sing 66,103,000 IHC 41,483,000 Adventus 35,678,000 Jubilee Ind w*****9 35,234,000 LionGold 34,372,000 Market volume 1,234,561,000 VALUE SingTel 74,136,460 DBS Grp 71,180,380 Global Logistic 69,558,678 Genting Sing 67,149,250 UOB 60,386,448 Market value 1,035,954,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Nov 12 VALUE CLOSE BT OB/OS -59.00 -134.00 BT CADI -*****.00 -25.00 BT 10-day MA -*****.00 -6.00 FTSE ST Mid Cap 748.23 -0.25 FTSE ST Small Cap 516.89 -0.85 FTSE ST All Share 792.36 -1.70 FTSE ST China Top 190.16 -1.14 FTSE ST China 223.42 -2.61 FTSE
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    • Article
      Lock icon SGX ETFS
      110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 332 -1 303 334/332 343/298 331/333 IS MS India US$ US771 +1 55 777/770 779/541 772/775 96.4 Lyxor CRBNonEny US$ US233 +2 49 233/233 261/228 231/233 24.9 CIMBASEAN40 US$ US1039 -10 41 1050/1039 1300/927
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index NOV 12,2014 792.36 -1.70 (-0.21%) Current streak 2 days Day high 795.45 Day low 791.27 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index NOV 11,2014 1,814.16 +3.66 (+0.20%) Current streak 2 days Day high 1,818.12 Day low 1,807.36 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 8 4 4 0 0 0 8 4 4 Manufacturing 34 45 36 6 13 7 40 58 43 Commerce 23 14 17 4 6 2 27 20 19 Tpt/Stor/Comms 13 16 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,385 19,385 91,473 91,473 Manufacturing 146,030 52,982 199,012 84,165 3,291 87,456 Commerce 78,305 64,100 142,405 86,092 3,489 89,582 Tpt/Stor/Comms 68,520 10,598 79,118 138,308 2,125 140,433 Finance 20,394 227 20,621 197,695 63 197,758 Construction 29,733 32,196
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    • Article
      Lock icon Yen pulls back as speculation of Dec poll cools
      420 11 TT CURRENCIES REUTERS London THE yen pulled back from a sevenyear low against the US dollar on Wednesday, after comments from a Japanese government official cooled speculation that Prime Minister Shinzo Abe will call a December election. British wage data and
      REUTERS  -  420 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 NOV 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 5.335 0.697 6.755 53.551 106.200 1.004 9.539 2.905 1.108 88.595 39.095 1.124 9.772 0.839 26.653 28.611 0.547 0.871 Canada 1.014 5.409
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 NOV 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1236 1.1247 0.8708 0.8714 Canadian dollar 1.1394 1.1402 0.8834 0.8831 Euro 1.6115 1.6122 1.2489 1.2491 NZ dollar 1.0137 1.0147 0.7856 0.7862 Sterling pound 2.0545 2.0554 1.5923 1.5925
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 NOV 12 S$ Bid Offer 1-month 1.2904 1.2909 2-months 1.2904 1.2912 3-months 1.2903 1.2915 6-months 1.2905 1.2911 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        371 11 NOV 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.12 *****.74 *****.00 Dec14 *****.00 *****.00 *****.00 *****.00 *****1 *****2 Mar15 *****.00 *****.00 *****.00 *****.00 6 2975 MSCI TAIWAN INDEX FUTURES SPOT 335.65 335.65 330.17 Nov14 335.60 336.20 329.80 329.90 ***** *****0 Dec14 336.10
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 11 Most active Nov 12 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Jubilee Industries w*****9 0.7 ***** 1 6 29 7.43 24 DBS MB eCW*****2 9.9 6450 0.1 0 7 UOB MB eCW*****5 11.3 3950 0.1 2480 5 OCBC
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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 Nov 11 Index Change Change Change Change Change Change World Preliminary 1265.5 0.2 6.8 0.3 5.8 0.1 3.3 EAFE Preliminary 979.9 0.5 2.5 0.4 -3.0 0.2 -5.3 Europe Preliminary 1370.4 0.3 1.1
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Nov 12 $S Offer Bid 0vernight 0.02 0.00 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.15 US$ 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 NOV 12 (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
        59 11 Nov 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.81 5-Year N*****0H 1.625 01-Oct-19 100.58 10-Year NY*****H 3.000 01-Sep-24 105.95 106.00 105.98 15-Year NY*****E 2.875 01-Jul-29 102.28 20-Year NZ*****V 3.375 01-Sep-33 107.85 30-Year NA*****N 2.750 01-Apr-42 96.26 Note:
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 11 NOV-11 Price Net change change Last Trade Agricultural Nov-11 CBOT Soybeans (US cents/bu) 1066.50 39.00 3.80% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.87 0.51 1.58% 12/12/2014 CBOT Wheat (US cents/bu) 525.25 8.00 1.55% 12/12/2014 Nov-11 LIFFE Cocoa (£/tonne) 1941.00 12.00 0.62% 12/12/2014 LIFFE Coffee (US$/tonne) 2031.00 9.00 0.45%
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      • Article
        Lock icon PALM OIL
        57 11 NOV 12 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2260.0 2214.0 2260.0 2219.0 20 1046 Dec 14 2277.0 2244.0 2280.0 2242.0 1700 ***** Jan 15 2279.0 2259.0 2286.0 2257.0 ***** ***** Feb 15 2277.0 2266.0
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    • Article
      Lock icon SBS Transit Q3 profit up 62% at S$5.7m
      499 12  -  Bus and rail businesses saw higher average daily ridership and average fare By Samuel Ee samuelee@sph.com.sg Singapore SBS Transit's (SBST) net profit for the third quarter ended Sept 30, 2014, jumped 62.2 per cent to S$5.75 million as both its bus and
      499 words
    • Article, Illustration
      Lock icon Trans-cab launches IPO at S$0.68 a share
      490 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE phone of Trans-cab Holdings deputy chief executive Jean Teo rang near the end of a media lunch on Wednesday just hours before the taxi operator priced its S$ 114.2 million initial public offering at the high
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    • Article
      Lock icon Kingsmen Creatives upbeat as Q3 profit rises
      347 12  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore KINGSMEN Creatives, which on Wednesday posted higher third-quar-ter earnings on the back of a revenue surge, is expecting FY2014 to be another rewarding one. The mainboard-listed design-and-production company said this as it posted a net profit of
      347 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      189 7 A g\ 'U Held Alongside: OSEA2014 A Tech 2014 The 20th International Oil Gas Industry Exhibition Conference WICVMA! SINCE 1976 PLATINUM EDITION 2-5 December 2014 Tuesday Friday Basement 2, Level 1 3 Marina Bay Sands, Singapore The Catalyst for Asia’s Oil Gas Industry Biggest ever showcase with over 1,500 exhibitors
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      1344 9 Congratulations to all the winners of the 2014 Microsoft Partners' Star Awards! Microsoft The Microsoft Partners' Star Awards recognizes the achievements and contributions made by our Singapore partners throughout the year. Also known as MPN, the Microsoft Partner Network is designed to help companies purchase, build and deploy successfully Microsoft
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  • Page 12 Advertisements
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      70 12 Great Music. Great Fun. True Class. f-* f i .mt kiss92 All the great songs in one place Maddy, Jason Arnold In The Morning Weekdays 6;00am 10;00am i I p Claressa Monteiro Weekdays 10:00am- 2:00pm m m Si ■■WT.TTc,. fi v m mm..... if. >• it. Desiree Lai Weekdays 2:00pm-
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  • REAL ESTATE
    • Article, Illustration
      Lock icon ‘Haunted’ flats a tough sell in Asia’s priciest real estate market
      762 13 Unnatural deaths in HK can result in rental discounts of 10-20% and can be more than double that for sinister killings BLOOMBERG Hong Kong THERE’S a grim phenomenon in Hong Kong’s real estate market: discounts of as much as
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    • Article
      Lock icon Merger with rival may boost IHG share price: Marcato
      381 13 REUTERS Boston ACTIVIST hedge fund Marcato Capital Management on Tuesday again urged InterContinental Hotels Group (IHG) to merge with a rival and said a tie-up could help the company’s share price more than double. The US$3.5 billion San Franciscobased hedge fund
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      Lock icon Public feedback, design contest to shape Jurong Lake Gardens
      447 13 AN INTERNATIONAL competition will be held in the later part of next year to come up with a design for Jurong Lake Gardens. The public will also be consulted on what to include in the gardens in March, and the ideas
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      Lock icon NZ central bank says it won’t relax loan curbs
      711 14 There remains a risk of a resurgence in house-price inflation, particularly in light of strong immigration flows, says governor BLOOMBERG Wellington NEW Zealand’s central bank said it won’t relax mortgage lending restrictions for now as surging immigration and low borrowing costs
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    • Article
      Lock icon Management software maker RealPage in play for buyout firms
      959 14 BLOOMBERG New York REALPAGE Inc, a maker of software that helps apartment landlords manage their properties, is now in play. An investor-turned-activist is seeking talks with management about RealPage’s strategic direction after the Financial Times reported that it rejected a buyout
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      Lock icon New York’s second tier office buildings going green
      1269 15 Analysts say that energy savings can be significant though landlords may have difficulty recouping amount spent on green features NYT New York CLASS B office buildings are known for being old, no-frills and off the beaten path. What they are usually not
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      Lock icon Cubicles emerging in unlikely world of publishing
      1246 16 With their profit margins being squeezed by Amazon and electronic books, publishers are facing a reality in which private offices may be a luxury not worth paying for NYT New York MICHAEL Pietsch was given his first private office when he became an
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      Lock icon Househunt
      1473 16 Property transactions for districts 1 to 28 with contract dates between Oct 1 and Oct 7,2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED One Shenton Apt 07/10/2014 99 6028 ***** 2000 The Sail Marina Bay Apt
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      618 13 CHRISTIE’S EXPRESSION OF INTEREST (CENTRAL TOKYO) TWO LUXURIOUS BUNGALOWS IN HEART OF THE TOKYO’S ASPIRATIONAL AKASAKA DISTRICT Designed by renowned architect Riccardo Tossani. Incorporating stylish, cutting-edge design throughout, the use of premium materials and immaculate attention to detail, this bespoke, prestigious development is set to make an indelible mark on
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      412 14 r j j SEMINAR Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST I? mh ilil Hi ml m. I With the likely increase in interest rates, what types of property investment can you consider to maximise your gains? Should you explore overseas properties such
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      153 14 OPEN HOUSE Prime Conservation Shophouse at Boon Tat Street, District I Renovated 3-storey shophouse with a Roof Terrace, a Dumb Waiter a Lift Approved for Restaurant and Office Land: 1,774 sq ft Total Floor Area: 4,555 sq ft (approx.) plus roof terrace of 974 sq ft approx. 999 years leasehold
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      42 14 NOVEMBER ISSUE OUT NOW! IN THIS ISSUE ".005& +.4+’3$ m Sizes from 1,722 to 3,208 sq ft #2’ "+23#1+ 05.#+).)!23 Vibrant environment and near amenities FREE! Receive PROLiNK® XANTHINUS PMG9802L worth $89 with a 1-year print subscription. While stocks last. Visit www.hardwaremag.com
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      205 15 FOR SALE BY TENDER MARINA BAY RESIDENCES PENTHOUSE FOR MORE INFORMATION PLEASE CONTACT: Unmatched view of Marina Bay Single level penthouse 4,478sqft 5 bedrooms family helper’s For sale with tenancy Lennon Koh 9748 7400 (CEA Reg no. R*****3I I) Michael Tan 9661 5010 (CEA Reg no. R*****5H) Tender Closing Date
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      99 15 FOR SALE BY TENDER Address 35 Tuas View Crescent, Singapore *****8 Description A part 1/part 3-storey detached factory Tenure JTC 30 years 30 years from 1 December 1999 Land Area Approx. 15,998.80 sqm (172,209.48 sqft) Gross Floor Area Approx. 16,538.20 sqm (178,015.53 sqft) Master Plan Zoning Business 2 with a
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      91 15 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 Telok 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 181
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  • BANKING & FINANCE
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      1355 17 The Business Times NOTICES UNITED ENGINEERS LIMITED (Company Registration No.: *****0018G) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of United Engineers Limited (the “Company”) will be held at UE Convention Centre, 4 Changi Business Park Avenue 1, Singapore *****6 on
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      148 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOLUTION PACKAGING SYSTEMS (S) PTE. LTD. (In Creditors’ Voluntary Liquidation) Reg. No. *****4713R NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Lot 23-24 Opal Street, Severina Diamond
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  • ENERGY & COMMODITIES
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      Lock icon EDB sees bright prospects for oil & gas sector
      464 18  - EDB sees bright prospects for oil gas sector Asia’s demand for energy will fuel industry’s rapid growth; S’pore-based firms well-placed to ride this By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore A SENIOR official of the Singapore Economic Development Board (EDB) has sounded an upbeat note on the prospects for the marine
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      Lock icon IEA warns of risks to climate change targets and energy supplies
      703 18 AFP Paris WITH fossil fuels set to meet most of the increased global demand for energy, the International Energy Agency (IEA) warned on Wednesday that climate change targets are at risk and conflicts could still wreak havoc with supplies.
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    • Article
      Lock icon Low oil prices may bite into 2015 US shale growth: IEA
      304 18 REUTERS London FALLING oil prices may cut investment in US shale oil by 10 per cent next year, the International Energy Agency (IEA) said, slowing growth in a sector that has turned the United States into a major global
      REUTERS  -  304 words
    • Article
      Lock icon Price undercutting from record Chinese steel exports may trigger trade conflict
      681 18 BLOOMBERG Shanghai RECORD steel exports from China are undercutting foreign rivals on price, triggering complaints from Seoul to South Africa that may signal the start of a trade conflict. China produces about half the world’s steel, and exports are
      BLOOMBERG  -  681 words
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      56 18 fb.com/ComexITShow www.itshow.com.sg 19-22 MAR 2015 SUNTEC Singapore, Levels 3, 4 &6 12pm 9pm FREE ADMISSION FREE ADMISSION Sellyourtechproducts &servicesatSingapore’s LARGESTI.T,digital, mobile&consumer electronicsexhibition! Book Your Space NOW! *Limited Booths Available For more information, call *****620 or email to sales@exhibitsinc.com.sg ORGANISED BY: Organiser of IT SHOW, Food and Beverage Fair, COMEX, World
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      65 18 H O T PR O PERTY GOLDLEAF MANSION Telok Kurau Lor M. 3+1 bdrms. F/furn. Reputable schools, Near MRT. THE ATRIA Meyer. 1615 sf 3+1+1 rm #15. P/furn. MBS Sea view. Full facilities. Agts Ok. VENTURA VIEW 2-BDRM, 2 toilets, spacious, balcony. Squarish layout. P/furn. $3K. Immed. Daily viewing. PRIVATE
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  • TECHNOLOGY
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      Lock icon Unhappy top Yahoo investors ask AOL for merger rescue
      604 19 Their move follows hedge fund’s activist campaign for Yahoo/AOL deal to unlock stakes in Asian Web companies REUTERS New York AT LEAST two top-10 Yahoo Inc shareholders are so unhappy with chief executive Marissa Mayer’s turnaround efforts that they are making
      REUTERS; PHOTOS: BLOOMBERG  -  604 words
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      Lock icon Ex-Apple CEO adds MDLive stake to health-technology investments
      302 19 REUTERS San Francisco FORMER Apple chief executive John Sculley is betting that people will increasingly turn to the Internet for confidential counselling and routine medical care. He has an undisclosed stake and sits on the board of directors of Florida-based MDLive, a
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      Lock icon Young Afghans look online for friendship and love
      537 19 REUTERS Kabul FRUSTRATED by strict social rules, young and educated Afghans are quickly learning that taboos can be sidestepped at the tap of a mobile phone. In deeply conservative Muslim Afghanistan, social media is opening a new route for men and women
      REUTERS  -  537 words
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      Lock icon GE launches remote control products to keep its consumer foothold
      434 19 REUTERS New York DESPITE General Electric Co’s (GE) impending sale of its appliances business, the company is not abandoning the consumer. The US conglomerate, along with startup invention company Quirky, on Tuesday revealed seven “connected home” retail products that allow
      REUTERS  -  434 words
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      425 19 LIQUIDATOR’S SALE Timothy James Reid of Ferrier Hodgson in his capacity as Liquidator of Hyflux Filtech (Singapore) Pte Ltd seeks expressions of interest for the acquisition of its subsidiaries in Shanghai, People’s Republic of China. The principal activities of the subsidiaries are engineering, procurement and construction, installation, industrial testing and
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      362 19 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF DEVELOPMENT 11KS PTE. LTD. (Company Registration No: *****3678K) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the Company duly convened and held at 60 Sembawang Road #01-02/03 Singapore
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      362 19 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF MARKET HOLDINGS PTE LTD (Company Registration No: *****3827E) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the Company duly convened and held at 60 Sembawang Road #01-02/03 Singapore
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  • CONSUMER
    • Article
      Lock icon Times are better but US shoppers out for bargains
      756 20 Retailers are expected to offer discounts and promotions, which can put a strain on their profit margins WP Washington THE JOBLESS rate is at a six-year low, petrol prices have dipped below US$3 a gallon, and consumers are more upbeat about
      WP  -  756 words
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      Lock icon Adidas faces uphill climb in the race for US consumers
      791 20 It is banking on younger executives to revitalise the firm as it plays catch-up to Nike, Under Armour REUTERS Herzogenaurach, Germany A NEW generation of more international Adidas executives is trying to loosen a hierarchical structure that has held back
      REUTERS; PHOTO: REUTERS  -  791 words
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      Lock icon Chinese customers find buying stuff online easy – but delivery is another story
      906 20 Chinese customers find buying stuff online easy but delivery is another story NYT Hangzhou, China IT was the biggest shopping day of the year in China, and the discounts were steep. But Jiang Shan waited to buy some of what she wanted. On Tuesday, tens of millions of Chinese like
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    • Article
      Lock icon Ebola, flu season boost US demand for Clorox wipes
      248 20 BLOOMBERG New York CLOROX Co’s sales of disinfectant wipes jumped 20 per cent last month, when Ebola fears and the onset of flu season prompted Americans to stock up on cleaning supplies. While it’s hard to say how much Ebola fuelled
      BLOOMBERG  -  248 words
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      285 20 Trend Following with Michael Covel As Featured on: How does Trend Following work? Trend following is a very straightforward trading strategy that can extract profits from up, down and black swan markets (rare or surprise events). For example, pretend you have no idea what way a market will go or
      285 words
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  • TRANSPORT
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      Lock icon Safer cars? Keep the driver, but have him do less
      872 21 Aiming for accident-free driving, carmakers try out technical features that will make vehicles costlier REUTERS Singapore AS millions of cars are under recall for potentially lethal air bags, designers are trying to reduce the need for the device using sensors,
      REUTERS; PHOTO: REUTERS  -  872 words
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      Lock icon US car buyers choose size over hybrid as fuel prices fall
      594 21 REUTERS Detroit IT is the automotive equivalent of Pavlov’s bell: when petrol is expensive, US car owners try to downsize, but once pump prices ring down, they salivate over big pickup trucks and SUVs. With petrol prices dipping below
      REUTERS; PHOTO: AFP  -  594 words
    • Article
      Lock icon Hyundai, Kia to triple range of green cars by 2020
      358 21 REUTERS Seoul HYUNDAI Motor Co and affiliate Kia Motors Corp plan to triple their number of fuel-efficient cars by 2020, addressing concerns about the pair’s green track record and competitiveness in fuel economy. Investors have voiced concern about Hyundai’s latest
      REUTERS  -  358 words
    • Article
      Lock icon Toyota orders 3 recalls
      123 21 REUTERS Tokyo TOYOTA Motor Corp said on Wednesday that it would recall a combined 361,800 vehicles globally, including the Camry sedan, covering three separate defects. Subject to the recalls are 170,000 Camrys to fix a faulty ball joint that could cause a loss of control of
      REUTERS  -  123 words
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      232 21 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; /month Available to UOB and Citibank Credit Card holders only Tm: sfn ins rn//> mss IM Sleek brushed aluminum build just 19mm
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  • GOVERNMENT & ECONOMY
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      Lock icon Vietnam Air IPO ‘won’t boost SOE sell-off drive’
      819 22 Analysts also say share sale may not bring radical change in the company or the state sector more broadly AFP Hanoi AFTER decades of speculation and multiple failed attempts, Vietnam Airlines’ long-awaited initial public offering (IPO) is set for take-off on Friday,
      AFP; PHOTO: AFP  -  819 words
    • Article
      Lock icon Disinflation grips Asia amid rising debt risks: Morgan Stanley
      421 22 BLOOMBERG Washington DISINFLATION is becoming “entrenched” throughout Asia, creating economic headwinds and making it tougher for governments to control debt, Morgan Stanley analysts said. China and South Korea are among seven of 10 major Asian economies excluding Japan that are experiencing
      BLOOMBERG  -  421 words
    • Article
      Lock icon Planned protests at HK British consulate
      292 22 AFP Hong Kong HONG KONG students plan to occupy roads surrounding the city’s British consulate in anger at a lack of support from London for their pro-democracy movement, as authorities ramp up pressure on protesters to go home. The new plan emerged as President
      AFP  -  292 words
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      Lock icon Aussie police prepare to use sound cannons, ban eggs and snakes
      560 22 AFP Brisbane AUSTRALIA is deploying its largest ever peacetime security operation amid fears of violent protests or extremist attacks when world leaders including US President Barack Obama converge on Brisbane for the G-20 summit this weekend. More than 6,000
      AFP; PHOTO: AFP  -  560 words
    • Article
      Lock icon G20 must act on corporate tax dodgers: Australian PM
      283 22 AFP Brisbane AUSTRALIAN Prime Minister Tony Abbott says leaders of the world’s most powerful economies should use this weekend’s G20 summit to close corporate tax loopholes that cost countries billions of dollars in revenue. The Group of 20 host said on
      AFP  -  283 words
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      Lock icon India in need of a major shove
      754 23  -  Modi is already busy fixing the economy but calls for faster and bigger reforms are getting louder TT COMMENTARY BY ANDREW STEVENS T The writer is a CNN anchor/correspondent based in Hong Kong. IT’S hard to escape the buzz in India at the
      PHOTO: REUTERS  -  754 words
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      Lock icon No weakness in investment, say German advisers
      457 23 AFP Berlin GERMANY’S so-called “Five Wise Men”, a panel of independent economic advisers, said on Wednesday that the German economy Europe’s biggest is not suffering from an undue weakness in investment. And the panel, which actually comprises four men and one woman, warned
      AFP; PHOTO: BLOOMBERG  -  457 words
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      Lock icon US firms lower China expectations as growth slows
      720 24 US foreign direct investment in the country for the first nine months of this year declines 24.7 per cent REUTERS Beijing US companies, which have led Western investment in China over the last 35 years, are scaling back their expectations and business
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      Lock icon Euro area slump prompts BOE to cut growth forecasts
      577 24 UK inflation rate falls below BOE target; policymakers now see it continuing to decline in the short term BLOOMBERG London THE Bank of England (BOE) has cut its forecasts for growth and said inflation could fall below one per cent in
      BLOOMBERG  -  577 words
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      Lock icon India’s factory output rises 2.5% in Sept; inflation eases
      283 24 AFP New Delhi INDIA’S industrial production grew by a stronger-than-expected 2.5 per cent in September, according to government data released on Wednesday, boosted by consumer demand during the main religious festival season, while retail price inflation fell to a record low.
      AFP  -  283 words
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      Lock icon Abe prepares for snap-election gamble
      653 24  -  By Anthony Rowley btworld@sph.com.sg Tokyo SPECULATION intensified on Wednesday that Japanese prime minister Shinzo Abe will dissolve Parliament next week and call a snap election in mid-December, in a bid to secure a four-year mandate for his Liberal Democratic Party (LDP) ahead of plans to
      653 words
    • Article
      Lock icon Puncak shares up after RM1.55b sale of water rights, plants
      435 24  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur THE shares of Puncak Niaga Holdings rose 4.4 per cent to RM3.60 apiece on Wednesday after the Selangor water concessionaire sold its concession and water treatment plants to the state government for RM1.55 billion
      435 words
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      Lock icon RHB sees Malaysia’s Q3 growth slowing to 5.2%
      403 24  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur A MODERATION in Malaysia’s September industrial production and manufacturing sales is pointing to slower economic growth of slightly over 5 per cent in the third quarter, according to an investment bank. Ahead of Bank Negara Malaysia’s
      403 words
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      43 23 Listen to a song? a m •A‘7 Get the hottest news! Scan the QR code now to view the latest videos on zaobao.sg Se^wjI AM*. Catch ZB Keywords, a daily 3-minute video news series. You’ll enjoy the light-hearted NNongNNo° nHong LIANHE ZAOBAO zaobao.sg
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  • Article
    Lock icon Shipping times
    982 25 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Detroit 006E 15 Nov 02 Dec 19 Dec 23 Dec 24 Dec 25 Dec 29 Dec 30 Dec 01 Jan 02 Jan 07 Jan APL Detroit
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      225 25 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE the business times Shipping times Experienced £h/p maintenance services wanted. Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 Sf Announce Your Corporate Development Come publicise
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  • OPINION
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      Lock icon To lure the bull, SGX must look beyond the China shop
      543 26 EDITORIAL THE coming trading link between the Hong Kong and Shanghai bourses has triggered much speculation about the competitive pressure that it could create for the Singapore stock market. Until the link has been up and running for a
      543 words
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      Lock icon Republicans shouldn’t mess with the Fed
      812 26  -  TT THE BOTTOM LINE By Leon Hadar Washington WHEN the newly elected US Congress convenes next year with both the Senate and the House of Representatives coming under Republican control the policymakers of the Federal Reserve will probably be in the midst of a
      812 words
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      Lock icon Understanding the value of water
      1072 26  -  Have Singapore’s policies done enough to nurture a deep-seated culture of conservation and shape a population that truly appreciates the scarce resource? By Vinna Yip T The writer is a Master of Public Policy candidate at the Lee Kuan Yew School of Public Policy. This
      PHOTO: THE STRAITS TIMES  -  1,072 words
    • Article
      Lock icon Offshore RMB market setting records, moving further ahead
      895 27  -  By Olivier Grimonpont T The writer is regional head of Asia, Euroclear THE offshore renminbi (RMB) bond market looks set to hit a new record this year, with an estimated total of more than RMB550 billion (S$105 billion) of issuance. The 2013
      895 words
    • Article
      Lock icon ISIS has no legal or moral right to call itself a caliphate
      1025 27  -  TT COMMENTARY By John Gee T The writer is a Singapore-based freelance writer WHEN the Islamic State in Iraq and Syria (ISIS) declared its leader Abu Bakr al-Baghdadi caliph, it sought to take advantage of an idea that
      1,025 words
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      Lock icon Public policy and the economics of inclusion
      1057 27  -  Inclusiveness enhances growth. So a strategy for inclusive growth in developing countries must empower people by including them in networks that make them productive.BY RICARDO HAUSMANN productive.BY RICARDO HAUSMANN T The writer, director of the Centre for International Development and Professor of the
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  • LIFE & CULTURE
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      Lock icon Chen Yifei masterpiece to feature at HK auction
      658 28  -  Sourced from a Singapore collector, it is expected to fetch above US$2m. Bonhams will also put other artworks, jewellery and ceramics on the block By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore A PAINTING titled Two Reclining Beauties by Chen Yifei, one of China’s
      PHOTOS: BONHAMS  -  658 words
    • Article
      Lock icon Merrill herd grazes on something different
      539 28 power of the work is much higher.” REUTERS New York AT a retreat for Merrill Lynch financial advisers in a luxury Orlando hotel last month, a group of several dozen men and women in business attire swung their arms back and forth over their
      power of the work is much higher.” REUTERS  -  539 words
    • Article
      Lock icon George W Bush paints portrait of Dad in new book
      732 28 His father, the 41st US president, has never penned a presidential memoir WP college station, Texas GEORGE W Bush nestled comfortably into a leather armchair on a stage surrounded by larger-than-life photographs of him and his father on Tuesday as
      WP  -  732 words
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      Lock icon Categorically walking on the wild side
      408 28 WP Washington YOUR house cat isn’t as domestic as you think. Unlike dogs, which have been distinct from their wolf ancestors for over 10,000 years, cats only started living with humans at all around 9,000 years ago. In other words, they started the domestication
      WP; PHOTO: AFP  -  408 words
  • Page 28 Advertisements
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      40 28 T Bonhams’ Hong Kong autumn auctions take place from Nov 14 to 27 in its sale space on the 20th floor of One Pacific Place in Admiralty in Hong Kong. For more details or to place online bids, visit bonhams.com
      40 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      293 28 CRYPTIC CROSSWORD Across 2 Explanatory representation of virus a little contracted (12) 8 Unruffled learner entering river (4) 9 Son cutting meals by reforming diet perhaps (8) 10 Source of deep delivery? (8) 11A French expert getting left inside to remove trainer? (6) 12 Promotion to offer before agitation? (10)
      293 words