The Business Times, 10 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: 40
1 16 The Business Times
Page thumbnail Page 1
Page thumbnail Page 2
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      54 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 LIVING Dining L2-5 Travel L6-7 Wellness L8-9 Home Garden L10-11 Style L12 Shopping L13 Motoring L14-15 Sports
      54 words
  • TOP STORIES
    • Article, Illustration
      Lock icon Khaw ropes in water agency chief as adviser on ‘rail transformation’
      777 2  -  First priority is rail reliability, says minister, pointing to HK’s MTR as goal By Angela Tan angelat@sph.com.sg Singapore AFTER taking over the hottest seat in town, newly-appointed Transport Minister Khaw Boon Wan wasted no time in roping in his
      777 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 2,998.50 (+51.47) GSTI FUTURES 2,996.00 (+51.00) GSIMSCI 336.20 (+6.37) GSIMSCI FUTURES 336.50 (+7.38) STOCKS Friday Change KL COMP 1,706.54 +14.34 NIKKEI 225 18,438.67 +297.50 HANG SENG 22,458.80 +103.89 SET 1,411.33 +19.18 JAKARTA 4,589.34 +97.91 MANILA 7,138.91 +32.12 KOSPI 2,019.53 +13.69 SHENZHEN B 1,107.01 +13.07 MUMBAI IND 27,079.51 +233.70
        59 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.751 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.05 Source: Bloomberg
        29 words
      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.398 (US$/S$ per 1.536 2.148 EURO (US$/S$/€ 1.134 1.585 Foreign currency per US$ S$ YEN 120.10 85.90 RM 4.142 2.962 HK$ 7.750 5.543 BAHT 36.54 25.42 RUPIAH 13,385 9,573 RENMINBI 6.346 4.539 INDIAN RUPEE 64.82 46.36 A$ 1.370 0.980 NZ$ 1.491 1.067
        50 words
    • Article, Illustration
      Lock icon Bank Negara tells 1MDB to repatriate US$1.83b
      656 4  -  It revokes 3 approvals given for investments overseas; inaccurate information cited By Pauline Ng btworld@sph.com.sg Kuala Lumpur BANK Negara Malaysia has revoked three permissions granted to 1MDB for investments overseas amounting to US$1.83 billion on the basis that its approvals were obtained as
      PHOTO: AFP  -  656 words
    • Article
      Lock icon Rupiah, ringgit bounce up but fundamentals remain poor
      640 4 Gains put down to ‘dead cat bounce’ and short-covering Bloomberg Kuala Lumpur THE rupiah and the ringgit headed for their best weekly gains since 2001 and 1998 respectively as Indonesia and Malaysia benefited from rallying share markets, rebounding commodity prices and signs
      Bloomberg  -  640 words
    • Article, Illustration
      Lock icon StanChart to cut up to 25% senior staff jobs
      605 5  -  S’pore operations may also be affected as CEO announces in memo to staff that 1,000 top jobs will go By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore STANDARD Chartered Bank will cut up to 25 per cent of its senior staff as
      605 words
    • Article
      Lock icon FOMC minutes sap confidence in December rate hike
      652 5 Tone increases the risk of a later liftoff, says one economist Bloomberg Washington MANY economists still take Federal Reserve policy makers at their word and predict the central bank will raise interest rates this year. Yet, even their confidence was shaken a
      Bloomberg  -  652 words
    • Article, Illustration
      Lock icon Farrer Park Hospital chief aims to break even in 5 years
      610 6  -  Since its soft launch, he has been readying staff to deliver quality service and care By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore A MONTH into his new role as chief of Farrer Park Hospital, Timothy Low is clear that he
      PHOTO: LAURA NG  -  610 words
    • Article
      Lock icon Search on for star regional fintech startups
      501 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PROVING that the startup accelerator model is not passé, UK and Singapore accelerator Startupbootcamp FinTech (SBC) on Friday announced the launch of its 2016 Asia-Pacific FastTrack tour: a first-of-its-kind initiative to discover promising fintech startups across 14
      501 words
    • Article
      Lock icon Chevron to axe staff from global energy trading desks
      319 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ENERGY giant Chevron Corp will be cutting staff from its global energy trading desks as crude oil prices remain depressed, and jobs in Singapore might be affected. Reuters reported on Friday that Chevron, the second-largest
      319 words
    • Article, Illustration
      Lock icon Corporate honchos’ top choices in wines unveiled
      258 7 THIS year’s top 10 wines picked as the choice of Singapore chief executives were unveiled on Friday at the awards ceremony for The Business Times Wine Challenge 2015. The 10 were whittled down from a record 176 entries a response so overwhelming that
      PHOTO: SHAWN TEO  -  258 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      30 3 Credit Suisse n m Can she inherit your ambition as well as your wealth? Discover how Credit Suisse can help you plan your wealth for the next generation at credit-suisse.com/successionplanning
      30 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      244 7 POWERPAC POWERPAC INTERNATIONAL INC.. USA GET TO KNOW US WATCH GLOBAL ENTERPRISE is oct aoiB (Friday) AT S:30PM ON WORLD'S LEADING BRAND DF MACHINERY A Channel Newsasia in Si u i. You PAVING THE WAY TO SUCCESS. Ethiopia, the Jewel of Africa, characterised by a booming economy, is one of
      244 words
Page thumbnail Page 8 / 9
  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Student of the business
      1943 8 / 9  -  Kimberly-Clark chairman Thomas Falk sees challenges in the group as an opportunity to get experience. By Genevieve Cua By Genevieve Cua THOMAS Falk, chairman of paper products giant Kimber-ly-Clark, seemed set for a promising career in the company’s finance division. A self-professed bean counter, he started
      PHOTO: SHAWN TEO  -  1,943 words
    • Article
      Lock icon Embracing innovation and social responsibility
      813 8 / 9  -  By Genevieve Cua gen@sph.com.sg @GenCuaBT DISPOSABLE diapers and feminine care products are ubiquitous. Yet innovation underlies each seemingly ordinary product. At Kimberly-Clark, innovation is a key part of its strategy to maintain its edge in the numerous markets it is in. Chairman and chief executive
      813 words
Page thumbnail Page 10
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon UOL, Kheng Leong to sell first phase of Alexandra condo at over S$1,600 psf
      783 10  -  Good take-up expected for Principal Garden at Prince Charles Crescent By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CITING upside potential in new condominium project Principal Garden that may defy tepid market conditions, developers UOL Group and Kheng
      783 words
    • Article, Illustration
      Lock icon Noble shares surge on news of revamp
      372 10  -  HOT STOCK| By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AN apparent overhaul to the metals unit of commodities trader Noble Group may be helping the beaten-down stock regain a little of its former lustre. The counter shot up on Friday by the most since
      Source: Bloomberg  -  372 words
    • Article, Illustration
      Lock icon Driven by Wall Street
      572 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent WALL Street’s return to “bad economic news is good for stocks” principal has probably been the main driving force behind the Straits Times Index’s 205 points or 7.3 per cent rise over the week to 2,998.5, of which 51.47
      572 words
    • Article
      Lock icon GAINERS
      77 11 BY CENTS CLOSE UP 52w high/low DBXT MSEurope US$ 5680 420.8 5.6 6300/5225 Lyxor Indonesia US$ 7364 420.8 4.3 9182/6250 DBXT STGLDv US$ 2924 205.5 5.3 3302/2776 DBXT Nifty US$ ***** 192.9 1.1 *****/***** JMH USD 5185 167.8 2.4 6788/4502 BY PERCENTAGE CLOSE UP 52w high/low GRP W*****7 0.3
      77 words
    • Article
      Lock icon LOSERS
      73 11 BY CENTS CLOSE DOWN 52w high/low Hyflux 6% CPS ***** -240.0 -2.2 *****/***** DBXT S&PShort US$ 2195 -43.3 -1.4 2497/2104 Great Eastern 2052 -22.0 -1.1 2600/1870 Star Pharm 21 -13.0 -38.2 49.5/18 DairyFarm USD 662 -11.2 -1.2 977/593 BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB eCW*****1 1.1 -63.3
      73 words
    • Article
      Lock icon MOST ACTIVE
      33 11 VOLUME Noble 245,139,400 Ezra 98,888,700 Blumont 65,025,800 ISR Capital 63,600,000 Vallianz 63,482,500 Market volume 2,047,360,000 VALUE DBS Grp 127,495,500 Singtel 123,583,513 Noble 110,886,944 Keppel Corp 92,184,439 UOB 78,781,744 Market value 1,456,400,000
      33 words
    • Corporate digest
      • Article
        Lock icon Singapore Post
        40 11 SINGAPORE Post has agreed to buy 71.1 per cent of a US e-commerce logistics enabler for US$15.8 million, as it builds an end-to-end e-commerce logistics network and technology platform. With this acquisition, SingPost’s e-commerce footprint will be global.
        40 words
      • Article
        Lock icon Sinarmas Land
        70 11 SINARMAS Land has completed the acquisition of the Alphabeta Building, a freehold prime commercial building in Central London, for £259.3 million (S$558.5 million) the largest single-asset acquisition in the group’s history. The building at the Shoreditch area is fully leased out. It has a net leasable area of
        70 words
      • Article
        Lock icon Lifebrandz Limited
        38 11 STRUGGLING nightspot operator Lifebrandz Limited intends to transfer from the Singapore Exchange mainboard to the Catalist board. The firm said that its size, market capitalisation and investor profile better resemble that of companies on the Catalist.
        38 words
    • Article
      Lock icon SGX tabs UBS for key counterparty role on new Asian bond platform
      439 11  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore THE Singapore Exchange (SGX) has given UBS the green light to play the key role of general counterparty on its coming over-the-counter Asian bonds electronic trading platform. SGX said on Friday the
      439 words
    • Article
      Lock icon STI STOCKS
      303 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 +5 238/233 271 213 6.1 6022.4 CapitaLand 315 +13 315/305 379 267 11.5 2.9 *****.7 CapitaMall Trust 198 +1 199/196 228 184.5 5.5 6871.4 CityDev 816 +14 820/805 1095 759 9.8
      303 words
    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 303 +3 788 305/300 355/280 303/304 IS MS INDIA US$ US719 +8 86 723/715 1000/648 717/721 89.9 DBXT MSRussia US$ US190 +5 70 190/189 245/140 191/192 DBXT MSPHILS US$ US198.8 +13.1 63 198.8/198 233.2/178.2
      110 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      791 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 5 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Japfa Ltd 08-Oct-15 Handojo Santosa *Buy 150 0.31 *****38 65.35 *****88 65.36 Japfa Ltd 08-Oct-15 Farida Gustimego
      791 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 1 4 0 0 0 10 1 4 Manufacturing 55 26 34 13 2 11 68 28 45 Commerce 24 11 20 8 0 5 32 11 25 Tpt/Stor/Comms 24 7 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 55,779 55,779 135,953 135,953 Manufacturing 163,290 93,106 256,396 104,843 4,048 108,891 Commerce 313,183 80,138 393,321 156,149 3,974 160,123 Tpt/Stor/Comms 247,597 290 247,887 238,465 23 238,488 Finance 100,856 1 100,857 308,502 308,502 Construction 36,381 11,651 48,032
      120 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Oct 9 VALUE CLOSE BT OB/OS 402.00 +203.00 BT CADI -*****.00 +193.00 BT 10-day MA -*****.00 +40.00 FTSE ST Mid Cap 692.44 +9.02 FTSE ST Small Cap 421.01 +3.88 FTSE ST All Share 722.86 +10.61 FTSE ST China Top 176.81 +1.36 FTSE ST China 215.82 +1.54 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      79 12 VOL CLOSE($) CHANGE Star Pharm 106.0 0.210 -0.130 -38.24 ISR Capital 63,600.0 0.011 +0.001 +10.00 Starburst 1,848.5 0.320 +0.040 +14.29 Blumont 65,025.8 0.003 -0.001 -25.00 Ziwo 239.8 0.032 -0.020 -38.46 B&M Trustees 3.2 4.100 +0.200 +5.13 Multi-Chem 16.0 0.540 +0.065 +13.68 Polaris 50,059.2 0.018 +0.002 +12.50 E2-Capital 760.5
      79 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Oct-8 Price Net change change Last Trade Agricultural Oct-8 CBOT Soybeans (US cents/bu) 881.25 -9.75 -1.09% 13/11/2015 CBOT Soybean Oil (US cents/lb) 28.17 -0.25 -0.88% 14/10/2015 CBOT Wheat (US cents/bu) 511.50 -5.25 -1.02% 14/12/2015 Oct-8 LIFFE Cocoa (£/tonne) 2093.00 -14.00 -0.66% 14/12/2015 LIFFE Coffee (US$/tonne) 1582.00 23.00 1.48%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Oct 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2176.0 2168.0 2176.0 2176.0 11 1631 Nov 15 2205.0 2182.0 2219.0 2180.0 1267 ***** Dec 15 2239.0 2217.0 2258.0 2216.0 ***** ***** Jan 16 2271.0 2251.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Oct 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.45 100.46 100.45 5-Year N*****0S 2.000 01-Jul-20 100.64 100.93 100.75 10-Year NX*****Z 2.375 01-Jun-25 98.89 99.22 98.79 15-Year NZ*****F 2.875 01-Sep-30 100.48 20-Year NZ*****V 3.375 01-Sep-33 107.24 107.43 107.43
      65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Oct 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0201 1.0209 0.7297 0.7301 Canadian dollar 1.0776 1.0780 0.7710 0.7708 Euro 1.5848 1.5855 1.1336 1.1339 NZ dollar 0.9374 0.9377 0.6705 0.6706 Sterling pound 2.1476 2.1483 1.5362 1.5364
      155 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      203 13 Oct 9 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 13.2 1 ***** 0.1 1860 4 KepCorp MB eCW*****1 11.9 2 ***** 0.2 780 4 Singapore ExchangeMBeCW*****5 8 -0.1 6430 0.2 800 3 Rowsley
      203 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 8 Index Change Change Change Change Change Change World Preliminary 1256.4 -0.1 -1.5 0.1 3.0 0.0 -3.3 EAFE Preliminary 999.1 0.1 1.2 0.3 4.0 0.2 -2.3 Europe Preliminary 1403.9 0.3 1.6
      373 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 13 ytd change: -10.90% 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
        20 13 YTD change: -4.86% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,556.60 on Sept 29,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 13 YTD change: -1.59% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,290.44 on Oct 27,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +5.66% 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 Source: Bloomberg YTD change: -4.33% 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  -  26 words
    • Article, Illustration
      Lock icon Business leaders must lead the way in corporate giving: Lawrence Wong
      367 14  -  He urges young, aspiring business leaders especially to embark on giving programmes By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore BUSINESS leaders must lead the way in nurturing a culture of giving in their organisations and build these values into the
      367 words
    • Article, Illustration
      Lock icon China unveils draft rules on automated stock trading
      605 14 Reuters Beijing CHINA on Friday issued draft regulations governing automated stock trading on three exchanges, including the adoption of a net daily purchase quota for some securities, in an effort to prevent a repeat of the turmoil that roiled markets this summer.
      Reuters; PHOTO: BLOOMBERG  -  605 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 buys BioMed Realty Trust for US$8b
      393 15 BioMed provides office space to life sciences industry, posts US$675m revenue for 2014 NYT New York THE Blackstone Group said on Thursday that it had agreed to acquire BioMed Realty Trust, a provider of office space to the life science industry, in a
      NYT; PHOTO: BLOOMBERG  -  393 words
    • Article
      Lock icon Foreign homebuying drops in California as Chinese slow buying
      505 15 Bloomberg Los Angeles INTERNATIONAL buyers are accounting for the smallest share of California home sales in at least eight years as prices climb and investors from China, the biggest source of foreign purchases, slow buying, according to the state’s Realtors group.
      Bloomberg  -  505 words
    • Article
      Lock icon Brooklyn homes sell at fastest pace in 8 years as prices surge 15%
      388 15 Bloomberg New York BROOKLYN homes sold at the quickest pace in at least eight years in the third quarter, extending a surge in demand in New York’s outer boroughs that has sent prices soaring to records. It
      Bloomberg  -  388 words
    • Article
      Lock icon Househunt
      1173 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 26 AND SEPT 1, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 3 NON-LANDED Emerald Park Apt 26/08/2015 99 1238 1461 1180 Meraprime Apt 26/08/2015 99 1098 1550
      1,173 words
Page thumbnail Page 16
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      148 17 BELMONT ***** sf, rebuild BELMONT ***** sf, Brand new, Priced to sell. Elevated land, nice view BISHOPGATE ***** sf, Elevated, Rare! BINJAIPK ***** sf, Elevated, Squarish BT TUNGGAL ***** sf, Elevated Brand new, Panoramic view, easy access CHATSWORTH 31K sf, Flat land, FORD AVE ***** sf Move in, lush green
      148 words
  • BANKING & FINANCE
    • Article
      Lock icon EU urged to retain preferential treatment in lending to SMEs
      521 17 Banks and industry groups maintain that capital discount is important for SMEs Bloomberg London BANKS pressed European Union regulators to preserve preferential capital treatment for loans to small businesses, as the 28-na-tion bloc’s politicians try to boost SME financing and
      Bloomberg  -  521 words
    • Article, Illustration
      Lock icon China’s biggest Internet deal needed just one good banker
      599 17 Bloomberg Hong Kong THIS week’s US$15 billion merger of two Chinese startups stood out for a number of reasons. It’s the largest-ever combination in the nation’s Internet industry, it forms a dominant player in the booming local services market and just
      Bloomberg; PHOTO: BLOOMBERG  -  599 words
    • Article
      Lock icon Swedes flock to last bank offering cash in new notes exchange
      241 17 Bloomberg Stockholm AS Sweden proudly unpacks a new series of bank notes, there’s only one lender left in the country that still offers manual cash handling services at all its branches. Svenska Handelsbanken is extending opening hours and redeploying
      Bloomberg  -  241 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      49 18 HOT PROPERTY DREAM HOME @AMK $7XX psf Belgravia Villas Terr Semi-D FH. 5+1+ roof terr. F/facilities 2 car lots. Quiet. Easy access. CHARMING SARACA BUNGLW! Dual frontage, 6700sf corner N/S Facing, Good Price! LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
      49 words
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon LPG emerges as accidental bright spot
      621 18 It is riding on the wave of strong economic growth in India and parts of South-east Asia Reuters Dujana, India LIQUEFIED petroleum gas (LPG), long a niche product used by the poor to cook and the rich to barbecue, has become a rare bright
      Reuters; PHOTO: REUTERS  -  621 words
    • Article
      Lock icon Petronas reaffirms commitment to Canadian LNG project
      278 18 Reuters Kuala Lumpur MALAYSIA’S Petroliam Nasional Bhd (Petronas) said it is committed to its Canadian liquefied natural gas (LNG) project despite the tumble in oil and gas prices which has hurt the state-owned oil company’s profitability. The project would see Petronas build an
      Reuters  -  278 words
    • Article
      Lock icon Alcoa profits plunge on lower prices of aluminium
      225 18 AFP New York ALCOA reported lower third-quarter earnings on Thursday due to falling aluminum prices as it trimmed its outlook for key Chinese businesses. Earnings for the quarter ending Sept 30 were US$44 million, down 70.4 per cent from the year-ago period.
      AFP  -  225 words
Page thumbnail Page 19
  • TECHNOLOGY
    • Article, Illustration
      Lock icon PC shipments extend slide, falling 11% in Q3
      997 19 PC makers scramble to go mobile to catch up with consumers NYT New York SHIPMENTS of personal computers fell nearly 11 per cent last quarter, to the shock of almost no one. Sales have been declining for so long 14 consecutive quarters
      NYT; PHOTO: BLOOMBERG  -  997 words
    • Article, Illustration
      Lock icon Facebook to test 6 new emoji as reaction icons
      382 19 NYT San Francisco DESPITE the billions of “likes” bestowed on Facebook posts every month, something has been missing: an option to express a different emotion. On Thursday, Facebook announced it will begin testing six new emotional reactions that you can convey
      NYT; PHOTO: NYT  -  382 words
Page thumbnail Page 20
  • CONSUMER
    • Article
      Lock icon Alibaba and JD find solace in Russia
      838 20 Amid the recession, Russian shoppers are increasingly turning to the Web to seek the best possible bargains Bloomberg Moscow RUSSIA’S plunging currency hasn’t weened consumers off foreign goods. Instead, cash-strapped shoppers are turning to online retailers for imported smartphones, jewellery and clothes, giving
      Bloomberg  -  838 words
    • Article, Illustration
      Lock icon Gap CEO blames poor fit for falling sales at Banana Republic chain
      382 20 Bloomberg New York GAP Inc chief executive officer Art Peck blamed poor-fitting women’s clothing for a lingering slump at the retailer’s Banana Republic chain, which just posted another month of plunging sales. B anana R e p u
      Bloomberg; PHOTO: REUTERS  -  382 words
Page thumbnail Page 21
  • TRANSPORT
    • Article, Illustration
      Lock icon Analysts question Bombardier’s faith in CSeries programme
      835 21 Marquee model is over budget, late, and short of orders Bloomberg Montreal BOMBARDIER Inc says its commitment to the CSeries airliner remains ironclad. That hasn’t stopped some analysts from starting to speculate whether the company’s marquee model is in jeopardy. The reassessment began
      Bloomberg; PHOTO: REUTERS  -  835 words
    • Article
      Lock icon Fiat Chrysler union bags bigger pay hikes for new staff
      640 21 NYT Detroit JUST days after Fiat Chrysler workers soundly rejected a contract proposal, union negotiators reached a new deal with the company that would give entry-level workers larger raises, effectively providing a path to equal pay with long-time employees. The
      NYT  -  640 words
Page thumbnail Page 22
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Bernanke says early QE has let America outperform Europe, Japan
      363 22 Bloomberg Atlanta FORMER Federal Reserve chairman Ben S Bernanke said the six-year-old American expansion has outperformed Europe and Japan because the Fed took early action to stimulate growth through its massive programme of asset purchases. “The US has done much
      Bloomberg  -  363 words
    • Article
      Lock icon Asian economies remain relatively strong but risks dominate: IMF
      555 22  -  IMF cautions that uncertainties in US and China markets could derail economic recovery By Anthony Rowley btworld@sph.com.sg Lima ASIA will remain the “global growth leader” this year and in 2016 despite the slowdown in China and other parts of the region
      555 words
    • Article
      Lock icon US import prices flat in September
      305 22 LATEST US DATA Reuters Washington US IMPORT prices barely declined in September, with oil prices rebounding and the drag on prices from a weak global economy appearing to moderate, Labor Department data showed on Friday. The 0.1 per cent decline in import prices could
      Reuters  -  305 words
    • Article
      Lock icon Odds of a US recession at their highest since October 2013
      344 22 Bloomberg Washington A DELAYED Federal Reserve rate hike, turmoil in global equity markets and now increased expectations for a downturn in the US. The probability that the world’s biggest economy will enter a recession in the next 12 months
      Bloomberg  -  344 words
    • Article, Illustration
      Lock icon China to miss out due to TPP exclusion, says PBOC economist
      664 23 Inclusion would lower the bar for private capital, improve standards of IP protection Reuters Xinhua Bloomberg Beijing CHINA’S textiles, clothing and electronics industries will miss out by being excluded from a US-led Pacific trade pact, according to an article
      Reuters; Xinhua; Bloomberg  -  664 words
    • Article, Illustration
      Lock icon IMF warns there is little room for error by central banks in low-growth world
      682 24 Lagarde urges structural economic reforms and Fed chair Yellen to stay her hand Reuters Lima CENTRAL banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing
      Reuters; PHOTO: REUTERS  -  682 words
    • Article
      Lock icon US, EU monetary policies should ‘normalise’
      479 24 Reuters Bloomberg Lima EUROGROUP President Jeroen Dijsselbloem said monetary policies in the US and Europe should “normalise” and the Federal Reserve should be clearer on how it communicates its rate moves. “If everyone is expecting a step, then putting it off sometimes doesn’t help,
      Reuters; Bloomberg  -  479 words
    • Article
      Lock icon India expected to be resilient when Fed increases rates
      546 25 Reuters Mumbai TWO years ago India was a “fragile five” emerging economy growing at five per cent, grappling with a severe current account deficit, near double-digit inflation, and the rupee at record lows as the US Federal Reserve prepared to taper
      Reuters  -  546 words
    • Article, Illustration
      Lock icon Testing times for Modi’s fiscal reforms vs BJP’s Hindu agenda
      600 25 PM addresses contentious issues as he seeks to win in crucial Bihar polls Reuters Banka, India INDIAN Prime Minister Narendra Modi is on the campaign trail in a state election that could define the rest of his term, promising jobs
      Reuters; PHOTO: AFP  -  600 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      94 23 151 Download the new Business Times apps for free. < PERSONALISATION News, your way, with bookmarks and a customisable menu FRESH NEW LOOK Visual and intuitive design BETTER BROWSING Seamlessly navigate with gestures DEPTH BREADTH More content for both free users and subscribers E-PAPER Read stories as they appear in
      94 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      29 25 SINGAPORE bl|g AWARDS iyip m sp m 2 0 15 Best Individual Blog Filmnomenon 1200 movie reviews 400 DVDs &Blu-rays lee what movies he recommends J I-i SCAN&READ blog.omy.sg/sgblogawards
      29 words
Page thumbnail Page 26 / 27
  • Page 26 / 27 Miscellaneous
  • OPINION
    • Article, Illustration
      Lock icon Bright future for the Dark Continent
      1711 26 / 27  -  Those who understand the region’s potential will reap rewards. By Johan Burger The writer is director of the NTU-SBF Centre for African Studies, Nanyang Business School at Nanyang Technological University AFRICA is a huge continent, comprising 55 countries, an even larger number of ecologies,
      PHOTO: BLOOMBERG  -  1,711 words
    • Article
      Lock icon Why Singapore is an ideal location for a logistics operation
      829 26 / 27  -  By Ken Allen The writer is CEO of DHL Express ONE of the main “strategic dilemmas” facing a CEO isn’t so much about choosing which markets or business segments you do want to be active in. It’s about choosing in
      829 words
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon If you thought China’s equity bubble was scary, check out bonds
        1070 28 / 29 Though a collapse isn’t quite imminent, China’s 42t yuan bond market is flashing the same danger signs that triggered a tumble in stocks four months ago Bloomberg Hong Kong AS A ROUT in Chinese stocks this year erased US$5
        Bloomberg; PHOTO: REUTERS  -  1,070 words
      • Article
        Lock icon BROKERS' TAKE
        506 28 / 29  -  Compiled by Cai Haoxiang Singapore Retail Reits Underweight Maybank Kim Eng Research Oct 9 DTZ recently announced that Q3 2015 prime retail rents had fallen 3.7 per cent quarter on quarter, and 4.5 per cent year on year. While this is only from one real estate consultant, it
        506 words
      • Article, Illustration
        Lock icon Pimco says worst of commo crunch over
        675 30 Oil to gain over next 12 months but prices are set to remain lower for longer because of excess inventories, it adds Bloomberg Melbourne THE worst of the collapse in commodities prices is probably over, with oil poised to gain over the next
        Bloomberg; PHOTO: BLOOMBERG  -  675 words
      • Article
        Lock icon Analysts see rebound in EM currencies as short-lived
        569 30 Bloomberg New York THIS month’s advance in emerging-mar-ket currencies is turning into the rally no one seems to like. An index of 20 developing-nation exchange rates is at an almost two-month high, recovering from a record low on growing speculation the Federal
        Bloomberg  -  569 words
Page thumbnail Page 30
Page thumbnail Page 31
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      297 31 CRYPTIC CROSSWORD Across 1 Insane races in movement that started in Italy (11) 9 Spacecraft’s whole during landing (7) 10 Rather lacking front, one enters casually (6) 12 Monk left Church backed into subterfuge (7) 13 Rock idol talked unevenly (7) 14 Act incorporates leader of Staines massive (5) 15
      297 words
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Journey to Mars ‘worth the risk’: Nasa
      756 31 It outlines challenges to sending humans to the planet but says problems are solvable, though there is no firm date for mission AFP Miami THE National Aeronautics and Space Administration (Nasa) on Thursday outlined the many challenges that remain before humans can set
      AFP; PHOTO: AFP  -  756 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      42 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN STEEL. SINGAPORE AUDEMARS PIGUET BOUTIQUE FORUM THE SHOPPING MALL 583 ORCHARD ROAD, #01-05/06 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CASINO LEVEL B2M-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
      42 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      59 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 10-11, 2015 CULINARY EXCHANGE Chefs and diners benefit as collaborations in the kitchens rise L2-3 PHOTO: COCOTTE MOTORING Infiniti Q70 gets a mid-life makeover L14 WELLNESS Control your genes L8-9 DINING Aged with tender loving care L4-5 HOME GARDEN Mission possible L10-11 GOLF Mission to
      59 words
Page thumbnail Page 2 / 3
  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Culinary exchange
        1652 2 / 3  -  With chef collaborations on the rise here, the sharing of ideas and techniques is benefiting both chefs and the man in the street, who gets a taste of top cuisine without having to leave the country. By Rachel Loi By Rachel Loi GONE are the days when you
        PHOTOS: ELEVEN MADISON PARK, RESTAURANT ANDRE; PHOTOS: FABLE, COCOTTE  -  1,652 words
      • Article
        Lock icon Collaborations in October
        271 2 / 3  -  Compiled by Avanti Nim, Rachel Loi avantin@sph.com.sg rachloi@sph.com.sg @RachelLoiBT Saint Pierre 31 Ocean Way, #01-15 Quayside Isle Z6438-0887 www.saintpierre.com.sg Guest Chef Philippe Vetele (France) with Chef Emmanuel Stroobant Dates: Oct 13-15 S$188++ for an eight-course meal or S$398++ with champagne and wine pairing Ikyu 5 Yong Siak
        271 words
      • Article, Illustration
        Lock icon Aged with tender loving care
        1905 4 / 5  -  Dry aged beef is all the rage now, with customers getting to choose how long they want their beef to be aged from 14 to 90 days even; the longer the period, the more tender the beef will be. By Tay Suan Chiang By Tay
        1,905 words
    • TRAVEL
      • Article, Illustration
        Lock icon Blissful seclusion
        1315 6 / 7  -  Self-contained getaway havens Samujana Retreats and Residences in Koh Samui and Point Yamu in Phuket offer visitors an atmosphere akin to the privacy of their homes, except with butler service and stunning ocean views. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT NOTeverybodywho heads out to the resort
        PHOTOS: SAMUJANA; PHOTOS: JAIME EE  -  1,315 words
    • WELLNESS
      • Article, Illustration
        Lock icon Control your genes
        1496 8 / 9  -  Nutrigenomics helps to focus on gene weaknesses with a proper diet. By Jaime By Jaime Ee jaime@sph.com.sg @JaimeEeBT FIRST, the bad news. Fat genes do exist. If you’re the sort who seems to put on weight just by looking at food, it’s not your imagination. By the
        1,496 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon MISSION POSSIBLE
        1050 10 / 11  -  Yann Follain was given the challenge of redesigning a townhouse without actually visiting it. The completed makeover more than met his client’s expectations. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT PASCAL Leccia quips that he gave his designer Yann Follain, founding partner
        FAMILY PHOTO: TAY SUAN CHIANG. ALL OTHER PHOTOS: FRANK@PINCKERS.COM  -  1,050 words
    • STYLE
      • Article, Illustration
        Lock icon Animal Instinct
        952 12  -  Chanel’s latest fine jewellery launch is set to net the brand the lion’s share of a growing market in bling. By May Yip By May Yip WHILE flowers, fairies and everything nice are usually the starting points for any fine jewellery collection, fearsome beasts somehow figure strongly in
        952 words
    • SHOPPING
      • Article, Illustration
        Lock icon Seeking new ways to define luxury
        1226 13  -  What is fashion’s future in a world of consumers who are increasingly enamoured with sweatpants, rare sneakers and high-tech gadgetry? By Robin Givhan By Robin Givhan LAT-WP Paris IN the morning coffee hours, before guests began making their way to the Louis Vuitton Foundation’s
        LAT-WP; PHOTOS: REUTERS, AFP  -  1,226 words
    • MOTORING
      • Article, Illustration
        Lock icon INFINITELY SENSUOUS
        559 14  -  The curvaceous Infiniti Q70 gets a mid-life makeover. By Samuel Ee By Samuel Ee samuelee@sph.com.sg Driving the infiniti Q70 Premium 2.5 V6 can be a surprisingly pleasurable experience for what may appear to be just another mid-sized sedan. It is not because this executive express with a naturally
        559 words
      • Article, Illustration
        Lock icon AIR POWER
        570 15  -  The turbocharged 2.0-litre engine will be the star of future Lexus models. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FIRST, it was seen on the NX compact crossover. Then, the new RX mid-sized SUV also debuted with this novel device. Next, the Lexus turbocharger will star in the
        570 words
    • GOLF
      • Article, Illustration
        Lock icon Mission to develop, grow the sport
        971 16  -  Asia-Pacific Amateur Championship’s television coverage now goes to 160 countries. By Justine Moss WHEN the Asia-Pacific Amateur Championship (Apac) was created by the Asia Pacific Golf Confederation (APGC), the Masters Tournament and The R&A (golf’s governing body) back in 2009, its aim was to
        PHOTOS: ASIA-PACIFIC AMATEUR CHAMPIONSHIP  -  971 words
      • Article, Illustration
        Lock icon Last tee off in Sentosa on Nov 24
        208 16  -  BT Corporate Golf League 2015 By Justine Moss THE sixth round of the 2015 Business Times Corporate Golf League will take place at Sentosa Golf Club on Tuesday, Nov 24. Originally slated to be played on Sept 22, the final round was
        208 words
Page thumbnail Page 4 / 5
Page thumbnail Page 6 / 7
  • Page 6 / 7 Advertisements
    • Advertisement
      Lock icon Page 6 / 7 Advertisements Column 1
      194 6 / 7 A LAP OF LUXURY SECOND TO NONE Your quintessential getaway to New Zealand’s North Island rustic perfection 8D Travel North Island in Style Auckland Rotorua Hawke’s Bay Taupo Waitomo Matamata Highlights Return Airfare by Singapore Airlines Suites (A380) 2N Accommodation at 5★ Solitaire Lodge in Rotorua 1N Accommodation at 5★
      194 words
Page thumbnail Page 8 / 9
  • Page 8 / 9 Advertisements
    • Advertisement
      Lock icon Page 8 / 9 Advertisements Column 1
      627 8 / 9 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z6845-1111 Cider Fiesta Relax amidst one of the largest atriums in South-east Asia with Atrium Lounge’s Cider Fiesta. Featuring seven flavours of cider cocktails, each at *$13++, and a Magners Bucket consisting of five bottles of Magners Cider for
      627 words
Page thumbnail Page 10 / 11
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16