The Business Times, 3 October 2015

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

Microfilm: NL33639
Total Pages: 41
1 16 The Business Times
Page thumbnail Page 1
Page thumbnail Page 2
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      55 2 CONTENTS NEWS Top Stories 2-4 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 LIVING Dining L2-4 Dining/Travel L5 Dining L6-7 Style L10 Health L11 BT Wine Challenge L12-13 Motoring L14-15 Sports L16 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27
      55 words
  • TOP STORIES
    • Article, Illustration
      Lock icon Payrolls rise less than projected; US jobless rate holds steady
      812 2 The jobless rate remains unchanged at 5.1%, as employers hesitate to hire new workers latest us data Reuters Bloomberg Washington PAYROLLS rose less than projected in September, wages stagnated and the jobless rate was unchanged as people left the workforce,
      Reuters; Bloomberg; PHOTO: BLOOMBERG  -  812 words
    • Article
      Lock icon Correction
      48 2 IN “Variety adds spice to EE Awards” (BT, Sept 28), we wrongly captioned one of the photos accompanying the story. TranZplus Engineering founder Nelson Lim Hoe Huat was photographed with senior executives from Panasonic Factory Solutions Asia Pacific, not his employees. We are sorry for the error.
      48 words
    • MARKETS
      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.435 (US$/S$ per 1.514 2.172 EURO (US$/S$/€ 1.116 1.601 Foreign currency per US$ S$ YEN 120.10 83.70 RM 4.419 3.080 HK$ 7.750 5.402 BAHT 36.59 25.51 RUPIAH 14,670 10,226 RENMINBI 6.356 4.431 INDIAN RUPEE 65.61 45.74 A$ 1.422 0.991 NZ$ 1.561 1.088
        50 words
      • Article
        Lock icon STOCKS
        57 2 HSTI 2,793.15 (-8.70) HSTI FUTURES 2,792.00 (-9.00) HSIMSCI 311.42 (-1.51) HSIMSCI FUTURES 311.10 (-1.80) STOCKS Friday Change KL COMP 1,628.80 -5.13 NIKKEI 225 17,725.13 +2.71 HANG SENG 21,506.09 +659.79 SET 1,346.35 +1.20 JAKARTA 4,207.80 -47.08 MANILA 6,850.61 -40.33 KOSPI 1,969.68 -9.64 SHENZHEN B Closed MUMBAI IND Closed 11.45am EDT
        57 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.252 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg
        29 words
    • Article, Illustration
      Lock icon Mediation: solutions that save relationships
      1244 4  -  To date, SMC with its stable of 143 mediators has handled over 2,600 disputes involving more than S$3.2b By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SAVING relationships while helping people resolve problems that are not on paper –in a world where hard facts in litigation still
      1,244 words
    • Article
      Lock icon 1MDB’s fast and furious retaliations
      612 5  -  SATURDAY SOAPBOX By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore 1 MALAYSIA Development Berhad (1MDB) is not only the most investigated firm in Malaysian history (in the words of its president and group executive director Arul Kanda), it has also in recent months become the most prodigious
      612 words
    • Article, Illustration
      Lock icon Companies at the frontline of economic changes: Heng
      446 6  -  New Finance Minister gets down to business fast as he visits startups in one north By Soon Weilun soonwl@sph.com.sg Singapore COMPANIES are at the “frontline” of economic changes, and newly appointed Finance Minister Heng Swee Keat said that he will work closely
      PHOTO: DOUGLAS HO /LIANHE ZAOBAO  -  446 words
    • Article
      Lock icon Trade talks extended to finalise TPP deal
      310 7 Talks bogged down over a number of difficult, unresolved issues AFP Atlanta NEGOTIATIONS on the ambitious Trans-Pacific Partnership were to go into overtime on Friday as top trade officials from 12 countries strained to craft a deal that would create the world’s largest
      AFP  -  310 words
    • Article, Illustration
      Lock icon Poon Hong Yuen named CEO of Spring Singapore
      271 7 THE deputy secretary of the Ministry of Law, Poon Hong Yuen, has been appointed chief executive of Spring Singapore with effect from Nov 1. He will take over from outgoing CEO Tan Kai Hoe, who is stepping down to join the private
      271 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      132 4 Ilf frmtf# INTERNATIONAL SCHOOL $5$ Bukit Tlmak Bead. Sinyapom*****3 (Eaten via, Gate 3 ohm Suktf, TlmaA Road/Gate 4 atena Namty Avenm) HCIS Open House 2015 offers parents and their children the opportunity to learn more about our rigprous IGCSE and IB curriculum and other exciting school programmes 0 SCAN ME
      132 words
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
Page thumbnail Page 8 / 9
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon FURLA’S MAGIC MOMENT
      2432 8 / 9  -  Furla’s Eraldo Poletto taps on his American retail experience and Italian heritage to take the 88-year-old family-owned fashion and accessories brand into the digital age. By Debbie Yong By Debbie Yong A 54-year-old chief executive of a family-owned Italian brand is not someone you’d imagine swapping Instagram
      PHOTO: FURLA  -  2,432 words
Page thumbnail Page 10
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Taiwan pesticide issue overblown, says TWG Tea
      528 10  -  Firm points to how Taiwan tests tea leaves as if they were going to be chewed, swallowed By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore HONG Kong media were in a flap this week over excessive pesticide residue found in a batch of TWG Tea
      FILE PHOTO  -  528 words
    • Article, Illustration
      Lock icon Asian valuations near global financial crisis lows: Credit Suisse
      548 10  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore VALUATIONS across Asia excluding Japan are back at price to book lows during the China crash of Aug 24, and just 4 per cent from the low during the global financial crisis, said Credit Suisse
      Source: MSCI, Credit Suisse  -  548 words
    • Article, Illustration
      Lock icon Weak macro data dampens market mood
      564 11  -  STOCKS Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent THE local bourse capped a week of choppy trading on a dour note with the key Straits Times Index losing 8.7 points or 0.3 per cent at 2,793.15 on Friday. Week on week, the index lost nearly
      564 words
    • Article
      Lock icon GAINERS
      77 11 BY CENTS CLOSE UP 52w high/low DBXT S&P500 US$ 3292 94.7 2.0 3626/3097 SPDR DJIA US$ ***** 43.0 0.2 *****/***** Lyxor US DJIA US$ 1649 41.6 1.8 1900/1605 DBXT MSINDIA US$ 971 38.7 2.9 1160/903 Great Eastern 2046 31.0 1.5 2600/1870 BY PERCENTAGE CLOSE UP 52w high/low New Silkroutes
      77 words
    • Article
      Lock icon LOSERS
      73 11 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -71.7 -0.5 *****/***** Lyxor AsiaRE US$ 815 -35.9 -3.0 1114/787 UOB 1828 -32.0 -1.7 2505/1820 DBXT Vietnam US$ 2300 -20.1 -0.6 3011/2139 Sarine Tech 155.5 -18.5 -10.6 323/128 BY PERCENTAGE CLOSE DOWN 52w high/low OCBC Bk MBeCW*****4 1 -33.3 -0.5
      73 words
    • Article
      Lock icon MOST ACTIVE
      36 11 VOLUME New Silkroutes 160,492,000 Sinarmas Land 142,051,800 Ezra 86,921,500 QT Vascular 78,368,300 Rex Intl 59,429,300 Market volume 1,522,194,000 VALUE DBS Grp 87,051,892 Sinarmas Land 80,955,769 Singtel 79,367,802 CapitaLand 63,965,443 UOB 57,776,641 Market value 899,356,000
      36 words
    • Article
      Lock icon Urgent action needed to restore confidence to Singapore market
      666 11 LETTER TO THE EDITOR NS Nallakaruppan Singapore I READ with interest your BT article “S’pore market value down five months in a row” on Oct 1, 2015. It is worrying that despite all the IPO capital raising from 2012 to 2015,
      NS Nallakaruppan Singapore  -  666 words
    • Article
      Lock icon STI STOCKS
      304 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 233 unch 235/229 271 213 6.3 5895.9 CapitaLand 281 +10 281/269 379 267 10.3 3.2 *****.4 CapitaMall Trust 191 +1.5 191.5/188.5 228 184.5 5.7 6628.5 CityDev 769 -5 777/759 1095 759 9.2
      304 words
    • Article
      Lock icon SGX ETFs Most Active
      111 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 284 -1 220 285/281 355/280 284/285 Nikko AM STI ETF 286 -3 29 289/286 422/283 287/290 6.9 DBXT MSPHILS US$ US186.5 +4.3 24 186.5/186.5 233.2/178.2 186.3/187 14.9 DBXT MSAsExJp US$ US3115 +7 12 3115/3076
      111 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      801 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 28 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp 01-Oct-15 Koh Wee Meng Buy 50 0.19 *****44 74.27 *****94 74.28 Fragrance Grp 01-Oct-15 Lim
      801 words
    • Article
      Lock icon ISECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 3 0 0 0 4 5 3 Manufacturing 39 31 26 12 7 6 51 38 32 Commerce 15 18 17 5 5 4 20 23 21 Tpt/Stor/Comms 9 18 4
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 157,487 157,487 146,996 146,996 Manufacturing 84,706 134,992 219,698 62,057 13,559 75,616 Commerce 201,827 31,969 233,796 43,701 1,670 45,371 Tpt/Stor/Comms 169,082 1,385 170,467 150,746 108 150,854 Finance 19,642 35 19,677 193,244 5 193,249 Construction 57,472 960
      118 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Oct 2 VALUE CLOSE BT OB/OS -235.00 -52.00 BT CADI -*****.00 -4.00 BT 10-day MA -*****.00 -24.00 FTSE ST Mid Cap 662.34 -2.32 FTSE ST Small Cap 404.21 -1.44 FTSE ST All Share 677.74 -1.70 FTSE ST China Top 167.36 +0.12 FTSE ST China 203.33 +1.10 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      83 12 VOL CLOSE($) CHANGE Combine Will 6.0 0.500 -0.100 -16.67 HL Global Ent 65.0 0.140 +0.020 +16.67 New Silkroutes 160,492.0 0.002 +0.001 +100.00 Spackman 41,753.9 0.059 +0.013 +28.26 Rex Intl 59,429.3 0.092 +0.009 +10.84 Mercurius 25,452.2 0.013 +0.002 +18.18 MMP Resources 54,307.4 0.016 +0.004 +33.33 Soon Lian 20.0 0.105
      83 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Oct-1 Price Net change change Last Trade Agricultural Oct-1 CBOT Soybeans (US cents/bu) 877.25 -14.75 -1.65% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.09 -0.01 -0.04% 14/10/2015 CBOT Wheat (US cents/bu) 518.25 5.50 1.07% 14/12/2015 Oct-1 LIFFE Cocoa (£/tonne) 2132.00 -8.00 -0.37% 14/12/2015 LIFFE Coffee (US$/tonne) 1552.00 -19.00 -1.21%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Oct 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2358.0 2319.0 2370.0 2357.0 35 2020 Nov 15 2381.0 2354.0 2401.0 2336.0 2327 ***** Dec 15 2417.0 2387.0 2441.0 2368.0 ***** ***** Jan 16 2440.0 2419.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Oct 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.14 100.14 100.07 5-Year N*****0S 2.000 01-Jul-20 100.48 100.65 100.37 10-Year NX*****Z 2.375 01-Jun-25 99.58 99.80 98.50 15-Year NZ*****F 2.875 01-Sep-30 101.74 101.60 100.20 20-Year NZ*****V 3.375 01-Sep-33 109.06
      69 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Oct 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0087 1.0094 0.7032 0.7036 Canadian dollar 1.0834 1.0839 0.7556 0.7552 Euro 1.6012 1.6016 1.1162 1.1164 NZ dollar 0.9187 0.9194 0.6404 0.6409 Sterling pound 2.1720 2.1727 1.5141 1.5145
      155 words
    • Article
      Lock icon BONDS. WARRANTS, PREFERENCE SHARES
      205 13 Most active Oct 2 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2.8 unch ***** 1 18 12 KepCorp MB eCW*****2 13.6 -0.8 6890 0.2 700 4 DBS MB eCW*****1 6.8 -0.6 6016 0.1 1860 4
      205 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 1 Index Change Change Change Change Change Change World Preliminary 1205.9 -0.1 -5.5 0.5 -0.2 0.0 -7.5 EAFE Preliminary 960.2 0.4 -2.7 1.1 0.5 0.6 -6.8 Europe Preliminary 1342.7 -0.3 -2.8
      373 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 13 ytd change: -17.00% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,787.94 on Sept 29,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        21 13 YTD change: -8.89% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,556.60 on Sept 29, 2015 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        26 13 ytd change: -5.62% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,290.44 on Oct 27,2014 (Chart shows Wednesday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +1.57% 52-week high: 20,868.03 on June 24,2015 52-week low: 14,532.51 on Oct 17,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 13 YTD change: -8.70% 52-week high: 18,312.39 on May 19,2015 52-week low: 15,666.44 on Aug 25,2015 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon GIC said to be keen on Glencore agri stake
      465 14 Japanese trading houses and a Canadian pension fund also said to be involved in preliminary talks Bloomberg London THE sovereign wealth fund of Singapore, GIC, is among investors that have expressed interest in buying a minority stake in Glencore’s agriculture business,
      Bloomberg  -  465 words
    • Article
      Lock icon Evonik plans third Jurong Island plant
      263 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore GERMAN specialty chemicals group Evonik has started drawing up plans for a third plant on Jurong Island that will add to its current local production of an animal feed additive. The proposed facility will produce an amino acid
      263 words
    • Article
      Lock icon GYP to buy Wendy’s ice-cream supply chain firm
      281 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore VENTURING further afield from its legacy information directory business, Global Yellow Pages (GYP) has decided to take a bigger bite of the ice-cream industry Down Under. It has inked a deal to snap up a company
      281 words
    • Article
      Lock icon Yoma deciding as Myanmar JV partner plans exit
      269 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore REAL estate developer Yoma Strategic Holdings is deciding whether it wants to stay in a Myanmar joint venture (JV) given that its JV partner plans to leave. Jamaica-based Digicel Group, which owns 75 per cent of
      269 words
    • Corporate digest
      • Article
        Lock icon Sinocloud Group
        83 14 CATALIST-listed Sinocloud has cancelled its proposed acquisition of up to 45.95 per cent of China Satellite Mobile Communications Group, saying that conditions could not be satisfied or waived by the long-stop date of Sept 30. It is now trying to get back about HK$24.7 million (S$4.6 million) it
        83 words
      • Article
        Lock icon Sinarmas Land
        109 14 INDONESIAN real estate group Sinarmas Land has bought back another large chunk of its own shares on the open market. It purchased 141.07 million shares at between S$0.56 and S$0.575 apiece on Friday for a total sum of S$80.5 million, it said in a bourse filing. The top-end
        109 words
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
  • REAL ESTATE
    • Article, Illustration
      Lock icon Blackstone sees more asset sales, takeovers in US
      776 15 Investors too bearish and property market’s decline creates opportunity Bloomberg Seattle STOCK investors are too bearish on US real estate, and the market’s decline probably will lead to more takeovers of publicly traded landlords, along with asset sales, said Jon Gray, global
      Bloomberg; PHOTO: BLOOMBERG  -  776 words
    • Article, Illustration
      Lock icon Phase 2 of Greenwood Mews cluster homes launched
      235 15 Singapore PHASE two of Greenwood Mews, Far East Organization’s cluster home development will be released on Saturday. Prices for the 10 units start from S$3.75 million including an additional special discount of 6 per cent for a 3,100 sq ft unit. The
      235 words
    • Article
      Lock icon Househunt
      1166 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 19 AND AUG 25, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 21/08/2015 99 506 1354 2676 District 2 NON-LANDED Altez Apt
      1,166 words
Page thumbnail Page 16
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      113 17 GOOD CLASS BUNGALOW LAND FOR SALE HOLLAND PARK Brand New Land ***** sf Build Up ***** sf Contemporary tropical design Beautiful land Wide frontage Easy access, mins to Botanic Garden, Priced to sell SWISS CLUB ROAD Land ***** sf Beautiful elevated yet flat land Amazing view BELMONT ***** sf Brand
      113 words
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Kuroda struggles to wean banks off bonds
      691 17 Net purchases of sovereign debt maturing in 10 years or more reach 1.16t yen in August, the most in 11 months Bloomberg Tokyo WITH the Japanese economy weakening markedly, banks are flocking to longer-dated government debt on expectations that the Bank of Japan
      Bloomberg; PHOTO: REUTERS  -  691 words
    • Article
      Lock icon Big banks tighten purse strings as consumer lenders come under scrutiny
      726 17 NYT New York CONSUMER lending firms that focus on borrowers with weak credit have done surprisingly well in the last few years. Many survived the financial crisis of 2008, the Great Recession, and even went on to post strong
      NYT  -  726 words
Page thumbnail Page 18
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon India unveils plan to cut rate of greenhouse gas emissions
      687 18 It will also boost its production of solar, hydropower and wind energy NYT New Delhi UNDER growing pressure to join in an international accord to battle climate change, India on Thursday announced its long-term plan to lower its rate of
      NYT; PHOTO: REUTERS  -  687 words
    • Article
      Lock icon Glencore isn’t out of the woods yet, say analysts
      596 18 NYT London SHARES of Glencore, the giant Swiss-based mining and trading company, may have recovered from a panic sell-off this week, but few analysts consider the company out of danger. Glencore still has a heavy debt load, and investors remained worried
      NYT  -  596 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      151 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices THE BVI BUSINESS COMPANIES ACT, 2004 TRIAMANA CAPITAL LIMITED (Company Number: *****63) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business CompaniesAct 2004, as amended, that the Company is in voluntary liquidation. The
      151 words
  • TECHNOLOGY
    • Article, Illustration
      Lock icon IBM scientists find a new way to shrink transistors
      382 19 NYT New York IN the semiconductor business, it is called the “red brick wall” the limit of the industry’s ability to shrink transistors beyond a certain size. On Thursday, however, IBM scientists reported that they now believe they see a path
      NYT; PHOTO: BLOOMBERG  -  382 words
    • Article, Illustration
      Lock icon Amazon to ban sale of Apple, Google streaming devices
      757 19 It says Apple TV and Google’s Chromecast don’t ‘interact well’ with Prime Video Bloomberg San Francisco AMAZON.COM Inc will stop selling mediastreaming devices from Google Inc and Apple Inc that aren’t easily compatible with its video service the latest example of
      Bloomberg; PHOTO: REUTERS  -  757 words
Page thumbnail Page 20
  • CONSUMER
    • Article, Illustration
      Lock icon Macau casinos jump on report of possible support from China
      602 20 Liaison office head says govt studying how to boost the city’s tourism and other measures Bloomberg Hong Kong MACAU casino operators spiked after monthly gaming revenue in the world’s largest gambling hub fell in line with forecasts, and on speculation
      Bloomberg; PHOTO: BLOOMBERG  -  602 words
    • Article
      Lock icon At Toshiba, wrongdoers do not get the sack
      397 20 Bloomberg Tokyo COMPANIES like General Electric Co are known for zero-toler-ance policies: Any wrongdoing results in immediate dismissal. Now Toshiba Corp, one of the icons of Japan Inc, is testing the other end of the scale. President Masashi Muromachi said on Thursday
      Bloomberg  -  397 words
    • Article
      Lock icon Dish affiliates to return some airwaves won at US auction
      367 20 Bloomberg New York DISH Network Corp affiliates will surrender some airwaves licences won at an auction after the Federal Communications Commission denied them a US$3.3 billion small-business discount, complicating co-founder Charlie Ergen’s plans to stockpile frequencies and enter the wireless
      Bloomberg  -  367 words
Page thumbnail Page 21
  • TRANSPORT
    • Article, Illustration
      Lock icon UAW plans to re-engage Fiat Chrysler on new contract
      582 21 Union says 65% of carmaker’s 36,000 hourly workers voted against proposed deal NYT Detroit THE United Auto Workers (UAW) union plans to resume discussions with Fiat Chrysler Automobiles after nearly two-thirds of the company’s hourly workers rejected a proposed new contract.
      NYT; PHOTO: BLOOMBERG  -  582 words
    • Article
      Lock icon US fuel economy data on cars not right: study
      401 21 Reuters Washington THE US government’s testing underestimates how much fuel cars will burn on the road, and the problem has gotten worse, according to a study released on Thursday. The release of the study funded by the Department of Energy’s Oak
      Reuters  -  401 words
    • Article
      Lock icon VW reports flat US sales in 1st month after scandal on emissions
      342 21 NYT New York VOLKSWAGEN of America on Thursday reported that its sales were flat in September, its first monthly sales report since the emissions cheating scandal that has engulfed the company became public about two weeks ago. The
      NYT  -  342 words
Page thumbnail Page 22
  • Page 22 Advertisements
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Treasury yields going against predictions
      532 22 Investors question how quickly the Fed can move against a backdrop of slow inflation, stuttering global economy Bloomberg Singapore THE Federal Reserve is getting ready to raise interest rates and Treasury yields are surprising analysts by falling. This is turning out to be a year
      Bloomberg  -  532 words
    • Article
      Lock icon Global trade slump may lead to productivity slowdown
      801 22  -  COMMENTARY By Noah Smith New York Bloomberg SOMETHING a little worrying has happened to the global economy: Trade is slowing down. Since the end of World War II, the world has grown steadily more globalised. Trade has grown faster than global gross
      Bloomberg  -  801 words
    • Article, Illustration
      Lock icon Japan’s August household spending picks up
      680 23 Economy may avoid a technical recession, but corporate inflation expectations show decline Reuters Bloomberg Tokyo JAPAN’S household spending rose in August for the first time in three months and the availability of jobs improved to its best in more than two decades, which could
      Reuters; Bloomberg; PHOTO: REUTERS  -  680 words
    • Article, Illustration
      Lock icon Carney seen trailing Yellen on rate rise by most since April
      342 24 Bloomberg London THE anticipated time lag between the US Federal Reserve raising interest rates and the Bank of England following suit is at its widest in more than five months, according to Morgan Stanley indexes based on futures trading.
      Bloomberg  -  342 words
    • Article
      Lock icon Freight traffic in Europe stymied by migrant crisis
      838 24 Closure of borders, tightened checkpoints delay deliveries Reuters Budapest BORDER closures and tighter controls caused by record numbers of migrants are clogging up trade in south-east and central Europe, driving up costs and forcing transport companies to seek other routes. Freight traffic
      Reuters  -  838 words
    • Article
      Lock icon One in 5 Tory lawmakers seen backing Brexit
      313 24 Reuters London AS many as one in five of British Prime Minister David Cameron’s lawmakers is likely to vote to leave the European Union in a referendum, new research showed on Friday, indicating the scale of the divide over Europe in the
      Reuters  -  313 words
    • Article
      Lock icon Joko pushing for lower bank lending rates
      434 25 He also requests state energy firm Pertamina to cut fuel prices if possible to help boost purchasing power Reuters Jakarta INDONESIA’S President, Joko Widodo, will seek to encourage reductions in bank lending rates and fuel prices as part of a package of policy
      Reuters  -  434 words
    • Article, Illustration
      Lock icon Devolution hampers Jakarta’s bid to end haze
      738 25 Bloomberg Jakarta HAVING promised to extinguish forest fires in Riau in western Indonesia by early October, President Joko Widodo jetted into Sumatra last week for a progress check. The smoke was so thick his plane could not land, forcing him back to Jakarta.
      Bloomberg; PHOTO: REUTERS  -  738 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      87 23 < RT Download the new Business Times apps for free. MOUUWO g iTm Q .Fl IK BLSINKSS TIMES rra issnsr MAT AMI AO WITH TllKlkSI\KSSTlMKS N fwsuiitft l Download on the v androidappon App Store H Google play H Personalisation News, your way, with bookmarks and a customisable menu Fresh
      87 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      23 24 More homeowners switch to fixed-rate packages as interest rates here rise !-+0$3 US WE# /1+0.% To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      23 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      46 25 HOT PROPERTY WIDE FRONTAGE CORNER Terr FH. 2905/ 3200 sqft. 2-sty Mayflower Rd 4 en-suits, rebuilt 2011. Grab! 1KM AI TONG mins walk mall Land3950/4900sf 3-keyTOP Aug 2014.Last offer $3.99mil LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
      46 words
Page thumbnail Page 26 / 27
  • Page 26 / 27 Miscellaneous
  • OPINION
    • Article, Illustration
      Lock icon Divestment: the new ‘investment’
      1299 26 / 27  -  But it is a complex journey requiring thorough planning and astute decision-making.By decision-making.By Vikram Chakravarty ~The writer is EY’s Asia-Pacific Capital Transformation Leader; the views in this piece reflect only the writer’s ASIAN conglomerates are increasingly seeing that some of their businesses may be holding them
      PHOTO: REUTERS  -  1,299 words
    • Article, Illustration
      Lock icon Why your business should mind the data skills gap
      729 26 / 27  -  By Aleetza Senn ~The writer is managing partner co-founder of Sparkline THE way a business interacts with its customers, and what those customers expect from businesses, is changing, and changing at rapid speed. As consumers, we are all becoming more comfortable
      PHOTO: REUTERS  -  729 words
Page thumbnail Page 28 / 29
  • Page 28 / 29 Advertisements
    • Advertisement
      Lock icon Page 28 / 29 Advertisements Column 1
      31 28 / 29 4If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Want access to BBQ pits?
      31 words
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Private equity rushing in as banks retreat from mortgage deals
        1433 28 / 29  -  With banks less willing to tackle distressed loans, private equity and hedge funds have surged into the market, but critics say the new players are too quick to foreclose. By Matthew Goldstein NYT New York PRIVATE equity and hedge fund
        NYT; PHOTO: NYT  -  1,433 words
      • Article
        Lock icon BROKERS' TAKE
        491 28 / 29  -  Compiled by Cai Haoxiang Singapore stock market Bank of America Merrill Lynch Oct 2 THE Straits Times Index (STI) has corrected by about 21 per cent from the recent peak over 22 weeks. This is less that the 42 per cent average seen in past recessions, with bear
        491 words
      • Article, Illustration
        Lock icon Investors exit US ETFs that track EMs
        765 30 Worries over China slowdown and the prospect of rate hike spark US$6b pullout in third quarter Bloomberg New York TRADERS dumped ex-change-traded funds (ETFs) tracking emerging market (EM) stocks at the fastest pace in over a year last quarter amid concerns over the
        Bloomberg; PHOTO: REUTERS  -  765 words
      • Article
        Lock icon Time to buy emerging market stocks: Barclays
        538 30 Bloomberg London A BUY signal seen only four times in the past 12 years is flashing again in emerging market stocks, according to Ian Scott of Barclays Capital. Things got so bad, they’re going to turn around, according to the London-based equity strategist.
        Bloomberg  -  538 words
Page thumbnail Page 30
Page thumbnail Page 31
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      354 31 CRYPTIC CROSSWORD Across 1 Rummage among model vegetables (5) 4 Greek character detained by a drugs agent is lawless (8) 10 Endurance in a short time shown among Southern volunteers (7) 11 Unforced musical note (7) 12 Learner getting in way of French customary form (4) 13 By the sound
      354 words
  • LIFE & CULTURE
    • Article
      Lock icon Bollywood a blockbuster away from going global
      598 31 New generation of Indian film-makers moving beyond traditional song-and-dance format AFP Busan, South Korea ONE of Bollywood’s most successful producers believes the current generation of Indian film-makers is set to conquer the world by moving beyond the traditional song-and-dance format. “India is still
      AFP  -  598 words
    • Article, Illustration
      Lock icon A place for kids to immerse in art
      277 31  -  By Avanti Nim avantin@sph.com.sg Singapore A NEW art education initiative is slated to take off on Nov 24. Called The Keppel Centre for Art Education, it aims to develop young visitors’ interest in the arts through programmes designed to make art both
      277 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      133 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      133 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      74 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 3-4, 2015 ART ON A PLATE Chefs pay even more attention to presentation as phone camera-wielding diners raise the stakes L2-4 PHOTO: JAAN MOTORING Light speed: The Jaguar XE L14 STYLE Click to bling L10 TRAVEL Take your pick of top ryokans L5 BT WINE
      74 words
Page thumbnail Page 2 / 3
  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Art on a plate
        1640 2 / 3  -  Chefs a e paying even more attention to resent tion, as trigger-happy diners point, shoot and post their food photos, raising the stakes for exposure. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT PRESENTATION is everything, and in the Instagram world, a beautifully plated
        PHOTO: JOHN HENG; PHOTO: ANTOINETTE; PHOTOS: TIPPLING CLUB, CORNERHOUSE, KARAFURU  -  1,640 words
      • Article, Illustration
        Lock icon INSTAFOOD
        878 4 Don’t just point and shoot. Take some hints from the experts, who share their tips on taking great food photos with a smartphone “THE most important factor to getting a good photo is to be in a brightly lit area,” says Danny Lim, founder of True Colours Photography who
        PHOTO: YEN MENG JIIN; PHOTO: MEMPHIS WEST PICTURES  -  878 words
      • Article, Illustration
        Lock icon EAT, BUY, LEARN
        1932 6 / 7  -  The rise of the gourmet food emporium makes food shopping complete, offering not just fine produce but the experience of cooking and restaurant dining. By Rachel Loi @RachelLoiBT rachloi@sph.com.sg Farm to table Origins of Food One Farrer Hotel Spa Z6705-7825 onefarrer.com Open 10am-7pm daily except public holidays
        1,932 words
    • DINING/TRAVEL
      • Article, Illustration
        Lock icon Top ryokans for the ultimate retreat
        889 5  -  The Ryokan Collection is a marketing consortium of exclusive, family-run ryokans that have been in the business for over a century. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT FOR the longest time, Japan’s tourism could be summed up thus: a case of more
        889 words
    • SHOPPING
      • Article, Illustration
        Lock icon CLICK TO BLING
        1022 10  -  Traditional shoppers might not yet have taken a shine to buying bling online, but a style-preneur is planning to change that, taking her multi-channel jewellery business public. By May Yip By May Yip THE process of buying jewellery is one that is traditionally tactile: From feeling the
        PHOTOS: PLUKKA  -  1,022 words
    • HEALTH
      • Article, Illustration
        Lock icon When chest pain becomes a worry
        1694 11  -  Those who have risk factors for heart disease should promptly consult their doctors on the most appropriate treatment Michael Lim ~Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is currently a professor at Fudan University, Shanghai and the vice-president
        ST FILE PHOTO  -  1,694 words
    • BT WINE CHALLENGE 2015
      • Article, Illustration
        Lock icon The devil and the diplomat of reds
        1437 12 / 13  -  Pinot Noir and Merlot are very different grapes but both reward skill, as these reds from the Top 50 of the BT Wine Challenge 2015, in partnership with UBS, show. By Chan Wai Xin By Chan Wai Xin INFLUENTIAL winemaker Andre Tchelistcheff once
        1,437 words
    • MOTORING
      • Article, Illustration
        Lock icon LIGHT SPEED
        585 14  -  The XE sports saloon is the smallest and lightest Jaguar. By Samuel Ee samuelee@sph.com. sg THE Jaguar XE may look like an ordinary compact sedan but it is as revolutionary as its predecessor was mundane. In the early 2000s, Jaguar produced the X-Type, which was basically a modified
        585 words
      • Article, Illustration
        Lock icon 3 FOR 3
        500 15  -  The 318i is the first BMW with a three-cylinder petrol engine. By Samuel Ee By Samuel Ee samuelee@sph.com.sg BMW’S modular range of turbocharged engines has produced a notable variant to the 3 Series line-up halfway into this compact model’s life cycle a three-cylinder 318i. Where once the
        500 words
    • SPORTS
      • Article, Illustration
        Lock icon Super Sunday in the EPL
        926 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THIS weekend sees the English Premier League (EPL) whip up its usual serving of ten matches, but most of the attention will be on two high-profile fixtures on Sunday. here is sure to be high-octane drama whenever
        PHOTOS: REUTERS  -  926 words
  • Page 2 / 3 Advertisements
    • Advertisement
      Lock icon Page 2 / 3 Advertisements Column 1
      123 2 / 3 Walk-in Wine Closet Nothing quite beats a walk-in closet to showcase your prized collection of wines complete with a climate-controlled system. Leading wine storage space specialist Vintec Cellar introduces Le Cavivision, a versatile walk-in cellar with a storage capacity of up to 600 bottles, and which can be easily assembled
      123 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      617 4 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore, 6 Raffles Boulevard, Level 4Z6845-1111 AquaMarine brings you more Asian grub So you think you’ve discovered all that Asia has to offer? Be amazed by the diaspora of culinary gems as AquaMarine brings you more nuggets of South East Asian eats. AquaMarine is
      617 words
Page thumbnail Page 5
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12 / 13
  • Page 12 / 13 Advertisements
    • Advertisement
      Lock icon Page 12 / 13 Advertisements Column 1
      32 12 / 13 ~The BT Wine Challenge 2015 CEOs’ Choice, in partnership with UBS, recently concluded its judging process. The Top 10 CEOs’ Choice wines will be unveiled at an awards ceremony on Oct 9
      32 words
    • Advertisement
      Lock icon Page 12 / 13 Advertisements Column 2
      154 12 / 13 BT Wine Challenge 2015 Readers’ Contest picked every week to receive an exclusive invitation for two. There are a total of 15 readers who will stand a chance to win in this contest! NOW, wine lovers like you will get a chance to savour some of these award-winning labels, along
      154 words
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16