The Business Times, 20 October 2015

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

Microfilm: NL33640
Total Pages: 26
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    35 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD BEST IN OVERALL REDESIGN S$1.00 3:31 A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [3 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Tuesday, October 20,2015
    35 words
  • Article
    Lock icon DAILY DIGEST
    142 1 Singapore households’ core inflation expectations sink to their lowest in four years. TOP STORIES 2 Insurer AIA Singapore rolls out the industry’s first fully mobile digital underwriter that shortens the time needed for policy applications. TOP STORIES 6 M1 Ltd’s net profit inches up to S$44.9 million for
    142 words
  • Article
    Lock icon China economic growth slows to 6.9% in Q3
    742 1  -  Latest data also signals stabilisation though analysts remain in doubt over its accuracy By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S economy has grown by its slowest rate since the financial crisis in 2009, but shows timid signs of stabilisation as ongoing stimulus measures
    742 words
  • Article
    Lock icon MARKETS
    29 1 MARKETS Monday Change STI 3,024.50 -6.11 KL COMP 1,718.20 +1.38 NIKKEI 225 18,131.23 -160.57 HANG SENG 23,075.61 +8.24 SHENZHEN B 1,152.59 +2.63 DOW (11:45 am EDT) 17,202.85 -13.12
    29 words
  • Article, Illustration
    Lock icon Private capital in infrastructure: Illiquid assets still a hurdle
    1036 1  -  Private sector investors can ease financial burden on governments and banks By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore INFRASTRUCTURE investment has to become a tradable asset class in order for private capital to help bear some of the burden usually borne by
    Source: Swiss Re, Eurofi Sept 2013; Source: Swiss Re, Dealogic, IMF; PHOTOS: DEUTSCHE BANK, SWISS RE  -  1,036 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      27 1 8 "*****1 *****4 KEY PILLAR OF ECONOMY Fusionopolis Two to support future manufacturing: PM Lee TOP STORIES 2 HELP FOR SMES TO SPREAD THEIR WINGS SME 26
      27 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      31 1 CHINA PROPERTY A ’buy’now: BlackRock TOP STORIES 4 WEB OR APP? Google and Apple in the spotlight TECH /17 China’s wise men come down to earth with a bump, Page 4
      31 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      164 1 SERVICED SUITES BRAND Pan Pacific partnering Puteri Harbour project REAL ESTATE 14 Ready for Occupation Soon FREEHOLD TL a J ad f Tucked away in an exclusive enclave at 8 Cairnhill Rise, a short 600m stroll from Orchard Road. Designed by world-renowned US architectural firm Arquiteotonica, Alba’s unique form offers
      164 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Untitled
      41 2 Softer inflation expectations Inflation rate Headline inflation MAS core inflation JUNE 2015 SINDEX (1-YEAR AHEAD EXPECTATIONS) SEPT 2015 SINDEX (1-YEAR AHEAD EXPECTATIONS) LATEST CPI INFLATION RATE −AUG 2015 3.35 3.50 3.23 3.31 -0.8 0.2 Source: SMU SInDEx survey, Department of Statistics
      41 words
    • Article
      Lock icon Core inflation expectations lowest in 4 years
      458 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE households’ core inflation expectations have dropped to their lowest levels in four years, due to sliding oil prices, weak global growth prospects, and benign domestic price pressures. Expectations for core inflation in the year ahead slid
      458 words
    • Article, Illustration
      Lock icon PM Lee: Fusionopolis Two to bring manufacturing to next level
      645 2  -  Complex will bring four public research institutes together, helping to build and integrate capabilities By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FUSIONOPOLIS Two in one-north’s research and development (R&D) hub will marshal and integrate all the capabilities needed to support manufacturing
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  645 words
    • Article, Illustration
      Lock icon Spurring cross-disciplinary innovation
      549 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SEVEN years after the opening of Fusionopolis One, nearly all members of the Agency for Science, Technology and Research (A*Star) family will now be located in the research and development (R&D) hub in one-north, following the move of some research institutes
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  549 words
    • Article, Illustration
      Lock icon China’s wise men come down to earth with a bump
      779 4  -  It matters a lot that the country’s leaders might be mere mortals, because the economic transition they are trying to engineer is super-human REUTERS BREAKINGVIEWS By John Foley London CHINA invented the compass. Yet in a curious irony, the direction
      779 words
    • Article, Illustration
      Lock icon China property now a ‘buy’: BlackRock
      843 4  -  The country is reforming and expectations are low, says Helen Zhu, BlackRock head of China equities By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS China transitions from an old in-vestment-fuelled economy to one that is services-oriented, BlackRock head of China equities Helen Zhu is beating
      PHOTOS: LAURA NG, REUTERS  -  843 words
    • Article
      Lock icon DuPont sets up Asean innovation HQ in S’pore
      390 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore US CHEMICALS firm DuPont is setting up a new innovation and business headquarters in Singapore to deliver new products customised for South-east Asia. The new headquarters will operate from a 11,000 square metre facility which will
      390 words
    • Article
      Lock icon Singapore’s score for retirement savings systems takes a step back
      455 4  -  BY claire Huang huangjy@sph.com.sg @C|aireHuangBT Singapore SINGAPORE may have held on to top spot among Asian countries for a third consecutive year, but its retirement savings system has been downgraded in the 2015 Melbourne Mercer Global Pension Index. In terms
      455 words
    • Article
      Lock icon 150 firms, consortia have offered views on S’pore-KL rail project
      396 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AROUND 150 companies and consortia have responded to a request for information (RFI) for the Singapore-Kua-la Lumpur high-speed rail (HSR) project by Singapore and Malaysia as at 6pm last Friday a response the two
      396 words
    • Article
      Lock icon AIA rolls out digital underwriter amid upgrading glitches
      595 6  -  Underwriting is done on the spot, instead of taking three days, freeing underwriters to handle complex cases By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INSURER AIA Singapore has rolled out the industry’s first fully mobile digital underwriter to shorten the time needed for
      595 words
    • Article, Illustration
      Lock icon Retail employees in Singapore set for 4.5% salary hike in 2016
      681 6  -  Healthy salary rises seen for high-tech and professional services industries as well, says Towers Watson By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IF you’re currently working in the retail line in Singapore, you can expect a greater boost in your
      FILE PHOTO  -  681 words
    • Article
      Lock icon Star expert witness to testify in Kovan double murder trial
      508 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AT least one star expert witness has been engaged to appear in the Kovan double murder trial set to begin on Oct 20, while confirmation of another is up in the air. The Attorney-General’s
      508 words
    • Article
      Lock icon Tan Chorh Chuan first Singaporean to be elected into US National Academy of Medicine
      367 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore TAN Chorh Chuan, president of the National University of Singapore (NUS), has become the first Singaporean member to be elected into the US National Academy of Medicine (NAM) an esteemed
      367 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      365 2 mm GOODS AND SERVICES TAX (GST) SEMINAR SERIES Zero-rating of Services and Difference Between Reimbursement and Disbursement s>'v Join us at our upcoming seminar to gain a comprehensive update and refresher on the zero-rating provision of international services and IRAS e-tax guide on reimbursement and disbursement. This one-day seminar will
      365 words
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      328 6 Keppel Infrastructure Trust (formerly known as “CitySpring Infrastructure Trust”) (Business Trust Registration No. *****01) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 5 January 2007 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Register
      328 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      1560 7 ADVERTORIAL Building a vibrant innovation community at one-north Fusionopolis Two set to become a hotbed of new ideas as it brings several A*STAR research institutes under one roof Singapore’s concerted research and development (R&D) drive for knowledge creation and innovation has received a big boost with the opening of Fusionopolis
      1,560 words
Page thumbnail Page 8
  • COMPANIES & MARKETS
    • Article
      Lock icon M1’s Q3 profit up 0.8% at S$44.9m
      606 8  -  Three-month operating revenue rises 11% to S$277.6m while operating expenses climb 14.2% to S$223m By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore M1 Ltd’s net profit inched up 0.8 per cent to S$44.9 million for the third quarter ended Sept 30, from S$44.5 million
      606 words
    • Article
      Lock icon Keppel Reit’s Q3 distribution up 4.6% at S$54.4 million
      654 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HELPED mainly by the better performance of three properties Ocean Financial Centre and Bugis Junction Towers in Singapore and 8 Chifley Square in Sydney Keppel Reit posted a 4.6 per cent year-on-year rise in distribution
      654 words
    • Article
      Lock icon Boost for Keppel Infrastructure Trust from acquisitions
      308 8  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore KEPPEL Infrastructure Trust (KIT) posted a net profit attributable to unitholders of S$4.13 million for the second quarter ended September, against a loss of S$1.6 million a year ago. This was due to contributions from the Crystal
      308 words
    • Article, Illustration
      Lock icon Noble boosts credit facility for two US energy units to US$1.1b
      496 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore COMMODITIES trader Noble Group has boosted the size of an existing credit facility from US$450 million to US$1.1 billion to support its increasingly significant energy products distribution segment in the United States. The
      PHOTO: REUTERS  -  496 words
    • Article
      Lock icon Mapletree Logistics Trust Q2 DPU falls 1.1%
      441 8  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore MAPLETREE Logistics Trust (MLT) posted a 1.1 per cent drop in distribution per unit (DPU) to 1.86 Singapore cents for the second quarter ended September 2015 from 1.88 Singapore cents a year ago. The lower DPU was
      441 words
    • Article, Illustration
      Lock icon Mixed session as momentum of last 2 weeks stalls
      681 10  -  Hong Kong, China markets, and the Dow futures, along with China’s weak third-quarter GDP numbers probably played a part STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Monday drifted to a 6.11-point loss at 3,024.5 in low volume
      Source: Bloomberg  -  681 words
    • Article
      Lock icon STI STOCKS
      304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 -2 245/242 271 213 6 6149 CapitaLand 312 +2 313/308 379 267 11.4 2.9 *****.4 CapitaMall Trust 204 +2 206/202 228 184.5 5.3 7079.6 CityDev 825 +7 830/818 1095 759 9.9
      304 words
    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME APAC Strategic 123,976,500 Loyz Energy 123,954,400 Ezra 64,695,900 QT Vascular 56,079,000 Noble 51,550,600 Market volume 1,804,468,000 VALUE DBS Grp 73,659,632 Singtel 54,615,967 HongkongLand USD 32,973,929 UOB 26,169,260 Noble 26,085,280 Market value 751,357,000
      35 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Oct 19 VALUE CLOSE BT OB/OS 689.00 -81.00 BT CADI -*****.00 +84.00 BT 10-day MA -*****.00 +68.00 FTSE ST Mid Cap 700.86 -0.24 FTSE ST Small Cap 427.88 +4.69 FTSE ST All Share 729.72 -1.39 FTSE ST China Top 178.61 -0.12 FTSE ST China 219.90 -0.38 FTSE
      77 words
    • Article
      Lock icon SGK ETEs
      107 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 307 334 307/306 355/280 306/307 DBXT Vietnam US$ US2450 -18 31 2469/2450 2963/2139 2260/2526 4.7 DBXT MSBrazil US$ US256 -2 26 256/256 481/226 256/257 IS MS INDIA US$ US723 +6 24 724/718 1000/648 722/723
      107 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 19,2015 729.72 -1.39 (-0.19%) Current streak 1 day Day high 731.21 Day low 728.16 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Oct 16,2015 1,763.18 +9.29 (+0.53%) Current streak 2 days Day high 1,766.43 Day low 1,752.16 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 1 0 0 0 8 4 1 Manufacturing 63 35 13 9 13 9 72 48 22 Commerce 23 16 17 10 2 2 33 18 19 Tpt/Stor/Comms 14 13 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,850 15,850 52,732 52,732 Manufacturing 165,679 136,436 302,115 65,519 12,562 78,081 Commerce 124,171 204,228 328,399 48,385 12,089 60,474 Tpt/Stor/Comms 162,306 7,180 169,486 138,870 614 139,484 Finance 13,032 182 13,214 132,716 25 132,741 Construction 16,894 51,688
      121 words
    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low Lyxor Asia EX US$ 462 71.9 12.7 539/404 B&M Trustees 520 40.0 8.3 520/320 Lyxor MS India US$ 1588 38.7 1.8 1840/1332 Lyxor Korea US$ 481 16.6 2.6 554/412 Jardine C&C 3214 15.0 0.5 4269.7/2636 BY PERCENTAGE CLOSE UP 52w high/low Viking W*****5
      76 words
    • Article
      Lock icon LOSERS
      77 10 BY CENTS CLOSE DOWN 52w high/low JMH USD 5343 -78.8 -1.1 6788/4502 JSH USD 2967 -67.7 -1.6 3703/2611 GLD US$ ***** -47.0 -0.3 *****/***** IS ASIA HYG S$D 1455 -31.0 -2.1 1489/1343 DBXT MSMSIA US$ 1110 -24.9 -1.6 1508/990 BY PERCENTAGE CLOSE DOWN 52w high/low Metech Intl 0.2 -33.3
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      85 10 VOL CLOSE($) CHANGE MS Hldgs 1,090.5 0.100 +0.020 +25.00 Loyz Energy 123,954.4 0.075 +0.029 +63.04 Plato Capital 245.0 0.149 -0.018 -10.78 EMAS Offshore 5,262.0 0.220 +0.027 +13.99 Viking Offshore 10,566.8 0.071 +0.009 +14.52 IEV 23,998.3 0.079 +0.015 +23.44 APAC Strategic 123,976.5 0.036 +0.006 +20.00 CHL ADR US$ 0.2
      85 words
    • Article
      Lock icon BROKERS’ TAKE
      424 10  -  Compiled by Claire Huang Biosensors international Group Hold Oct 19 close: S$0.70 Target price: S$0.66 OCBC Investment Research, Oct 19 Biosensors International Group recently announced that the Leaders Free clinical trial has demonstrated superior safety and efficacy for BioFreedom compared with a bare-metal stent (BMS), therefore suggesting that
      424 words
    • Article
      Lock icon CALENDAR
      18 10 DATA I Oct 21, 4pm Singapore COE Bidding Results I Oct 21, 8pm US MBA Morgage Applications
      18 words
    • Article
      Lock icon Euro hits 10-day low vs US dollar before ECB meeting
      406 11 Many banks expecting the euro to fall to parity with the greenback by the end of this year CURRENCIES REUTERS London THE euro slipped to a 10-day low against the US dollar on Monday, as investors eyed a European Central
      REUTERS  -  406 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
        2 words
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Oct 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.942 4.639 0.643 5.654 47.268 98.738 0.871 8.184 3.071 1.072 76.156 33.610 1.008 9.509 0.696 23.558 25.751 0.472 0.730 Canada 1.062 4.925
        471 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        2 11
        2 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Oct 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0079 1.0085 0.7294 0.7296 Canadian dollar 1.0700 1.0709 0.7747 0.7744 Euro 1.5685 1.5693 1.1351 1.1353 NZ dollar 0.9405 0.9412 0.6806 0.6809 Sterling pound 2.1371 2.1383 1.5466 1.5469
        155 words
      • Article
        Lock icon USS/SS FORWARD RATES
        22 11 Oct 19 S$ Bid Offer 1-month 1.3826 1.3834 2-months 1.3835 1.3843 3-months 1.3845 1.3854 6-months 1.3870 1.3879 Source: OCBC
        22 words
      • Article, Illustration
        Lock icon NIKKEI
        1 11
        1 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 11 Oct 19 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 9.7 -1.1 8500 0.2 780 4 Rowsley Ltd W*****3 2.9 0.1 6390 1 18 12 FTSEChinaA50 ***** MBeCW*****7 12.3 -0.9 4758 0.0 1 FTSEChinaA50
        208 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 16 Index Change Change Change Change Change Change World Preliminary 1272.6 0.4 -0.3 0.4 2.5 0.3 -1.7 EAFE Preliminary 1007.4 0.8 2.1 0.7 3.6 0.5 -0.7 Europe Preliminary 1408.9 0.6 2.0
        373 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 11 Oct 19 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 *****.50 *****.50 9977.50 *****.50 *****4 *****0 Nov15 *****.00 *****.00 9935.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****3 Mar16 *****.00 *****.00 *****.00 *****.00 38 720 MSCI TAIWAN
        389 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Oct 19 $S Offer Bid 0vernight 0.15 0.10 1-month 0.875 0.750 2-months 0.9375 0.8125 3-months 1.00 0.875 Overnight mode: 0.10 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        65 11 Oct 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.58 100.65 100.65 5-Year N*****0S 2.000 01-Jul-20 101.13 101.20 101.15 10-Year NX*****Z 2.375 01-Jun-25 99.86 100.00 100.00 15-Year NZ*****F 2.875 01-Sep-30 102.31 20-Year NZ*****V 3.375 01-Sep-33 109.53 109.60 109.60
        65 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 11 Oct-16 Price Net change change Last Trade Agricultural Oct-16 CBOT Soybeans (US cents/bu) 898.25 -7.00 -0.77% 13/11/2015 CBOT Soybean Oil (US cents/lb) 28.60 0.02 0.07% 14/12/2015 CBOT Wheat (US cents/bu) 492.25 -10.25 -2.04% 14/12/2015 Oct-16 LIFFE Cocoa (£/tonne) 2117.00 16.00 0.76% 14/12/2015 LIFFE Coffee (US$/tonne) 1613.00 -54.00 -3.24%
        193 words
      • Article
        Lock icon PALM OIL
        57 11 OCt 19 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2248.0 2210.0 2250.0 2206.0 943 7500 Dec 15 2283.0 2241.0 2286.0 2240.0 9022 ***** Jan 16 2320.0 2274.0 2320.0 2272.0 ***** ***** Feb 16 2341.0 2305.0
        57 words
    • Article
      Lock icon Comply or explain issue: try naming & shaming
      877 12  - Comply or explain issue: try naming shaming HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT WHEN it comes to certain aspects of corporate governance, the principle of self-regu-lation does not seem to have worked out all that well here. As the Singapore Exchange’s new chief regulatory officer Tan Boon Gin
      877 words
    • Article, Illustration
      Lock icon Singapore dollar bond rally continues
      353 12  -  By Siow Li Sen lisen@sph.com @SiowLiSenBT Singapore THE Singapore Fixed Income (SFI) index rose to an all-time high last week as local bonds continued to rally with expectations of interest rate hikes pushed further away. The SFI reached an all-time high of 122.25 on Thursday
      Source: Singapore Exchange  -  353 words
    • CORPORATE DIGEST
      • Article
        Lock icon Oxley Holdings
        97 12 PROPERTY developer Oxley Holdings posted a jump in net profit for the first quarter ended September to S$35 million from S$10 million a year ago. Revenue rose to S$434 million from S$120 million led by revenue recognition from the group’s industrial property development Ecotech Sunview using the completion
        97 words
      • Article
        Lock icon Nordic Group
        73 12 NORDIC Group’s wholly owned subsidiaries have secured new orders worth S$4.1 million. They include contracts and letters of confirmation from repeat customers for jobs that are expected to be completed by the second quarter of next year. It has also received a contract to provide labour and materials
        73 words
    • Article
      Lock icon SGX MAINBOARD
      2044 13 Transaction date: Oct 19 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 138.5 -2 208 140.5 138 1 8 879 LOW 183 129.5 ARA
      2,044 words
    • Article
      Lock icon SGX CATALIST
      358 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last 11 2.1 t AA 6 2.9 t APAC Strategic 3.6cri +0.6 *****6 3.6 2.9 43 13.5 3.9 t Abundance Intl High Day LOW Div C'vr GrYld Net P/E MCap
      358 words
    • Article
      Lock icon SGX ETF
      121 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1069 700 CIMBASEAN40 US$ US843 -9 10 844 842 132.2 4258 2750 DBXT China50 US$ US3187 -3 5 3190 3177 8.8 481 226 DBXT MSBrazil US$ US256 -2
      121 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      309 8 How do you garner superior performance for your investment portfolio? The answer may not be obvious, but it’s imperative: you have to assemble a portfolio that’s different from those held by most other investors. Key Learning Points Transform your Trading with New Strategies Money Management Techniques. Orientating your behaviour to
      309 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      16 8 VISIT WWW.STCARS.SG NOW! Buy, sell or rent. At www.STCars.sg, your ideal car isn’t hard to find.
      16 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 3
      48 8 HOT PROPERTY UPP THOMSON 800/, 1200/ 1800sf. Unblocked, bus-stop carpark.Retail/ beauty/ clinic sch. $3.xK. SIANG KUANG SHOPHSE 1500 sf. Suitable for Clinic etc. Heavy human traffic Potong Pasir Mrt LOOKING FOR A SHOP SPACE TO RENT? Check out these properties and more in The Straits Times Classified now!
      48 words
Page thumbnail Page 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      109 12 PERSONALISATION News, your way, with bookmarks and a customisable menu FRESH NEW LOOK Visual and intuitive design BETTER BROWSING Seamlessly navigate with gestures DEPTH BREADTH More content for both free users and subscribers E-PAPER Read stories as they appear in print, or optimised for your device Download the new Business
      109 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      8 12 Enforcing the comply or explain requirement, Page 23
      8 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      79 13 SG Effective asset allocation Achieve a diversified portfolio with ETFs that offer you access to stocks, bonds and commodities. Find out more at sgx.com/etf Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or
      79 words
Page thumbnail Page 14
  • REAL ESTATE
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      173 14 3-STOREY FREEHOLD BUILDING OFF JALAN EUNOS f .1 I1TTIISS 1 *Mn*s$ cant CUSHMAN I WAKEFIELD Estate Agents Licence No:L*****33E A STANDALONE BUILDING COMPRISING 3 APARTMENTS 2 RETAIL UNITS Enjoys dual-frontage on Jalan Eunos and Jalan Ismail Land Area: Approx. 7,664 sf Total Floor Area: Approx. 9,248 sf > Private car
      173 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      3 14 Hong Fok Group
      3 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      64 14 'T’ LLG m ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR 18-20 MARCH 2016 (SCHOOL HOLIDAYS) SINGAPORE EXPO HALL 6 Be a part of SmartKids Asia 2016! m mm Promote and sell your brand, products and services to a targeted 90,000 parents with children from ages 3 to 12! CONTACT US NOW! Ms
      64 words
Page thumbnail Page 15
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Japan Post sets IPO prices at top of their ranges
      625 15 Top end of book-building range indicates strong demand from retail investors REUTERS Tokyo STATE-owned Japan Post on Monday set prices for separate initial public offerings (IPOs) of its bank and insurance arms at the top of their ranges, indicating strong
      REUTERS; PHOTO: REUTERS  -  625 words
    • Article
      Lock icon Beijing, Bangalore challenge Silicon Valley for venture capital
      549 15 BLOOMBERG San Francisco THE venture capital (VC) business in Asia is beginning to rival that in North America, home to Silicon Valley and birthplace of the modern VC model. Investments in China and India, where most of the big deals are taking
      BLOOMBERG  -  549 words
    • Article
      Lock icon Deutsche Bank to split investment unit in two
      659 15 NYT Frankfurt DEUTSCHE Bank said on Sunday that it would split its investment bank in two and overhaul its top management as the lender, Germany’s largest, tried to overcome legal problems and address criticism that it was inefficient. As part of the
      NYT  -  659 words
    • Article
      Lock icon Morgan Stanley’s Q3 profit down 42% as trading revenue falls
      377 15 REUTERS New York WALL Street bank Morgan Stanley’s profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a US interest rate hike and concerns about China’s cooling
      REUTERS  -  377 words
  • Page 15 Advertisements
Page thumbnail Page 16
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Changes in store for London gold market at bullion meet?
      682 16 Ways to ‘modernise’ the market being explored, including standardised central clearing and listed derivatives BLOOMBERG London THE gold industry won’t just be guessing where prices are heading at its annual gathering in Vienna this week. It will ponder how to
      BLOOMBERG; PHOTO: BLOOMBERG  -  682 words
    • Article
      Lock icon LME launches gold reforms amid China threat
      538 16 It’s making US$5t market more transparent as biggest consumer China aims to become price setter REUTERS Vienna AS the London gold market enters its next phase of reform, a sense of urgency is key because competitors, including commodity consuming giant China, are poised
      REUTERS  -  538 words
    • Article
      Lock icon Big Oil argues ‘ethanol is worse for climate’ in advertising pitch
      778 16 BLOOMBERG Washington CLIMATE change has a new evangelist: Big Oil. In its bid to roll back government mandates for the use of biofuels, petroleum producers have run out a series of arguments: It harms engines; it raises food costs;
      BLOOMBERG  -  778 words
    • Article
      Lock icon Japan solar-panel maker sees lower costs with process revamp
      463 16 BLOOMBERG Tokyo SOLAR Frontier KK, a unit of Showa Shell Sekiyu KK says the switch to a more efficient production process will help cut costs at a new factory intended to serve as a model plant for overseas expansion. The company
      BLOOMBERG  -  463 words
    • Article, Illustration
      Lock icon China crude import expected to stay at record levels
      655 16 REUTERS Beijing AS China closes in on the United States as the world’s biggest crude oil importer, demand from private refiners and stockpiling of cheap oil is expected to keep imports at record levels after a wobble in the third quarter.
      REUTERS; PHOTO: REUTERS  -  655 words
Page thumbnail Page 17
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Web or app? Sites are caught in the middle of competing visions
      755 17 Businesses grapple with a fragmenting online world as Apple focus on apps and Google pushes for mobile Web NYT San Francisco APPLE wants mobile devices to be filled with apps. Google supports a world where people browse the
      NYT; FILE PHOTO  -  755 words
    • Article
      Lock icon Chinese govt hackers still at work despite Xi’s pledge, say analysts
      397 17 WP Washington CHINESE government hackers have attempted in the past few weeks to penetrate the networks of US companies to steal their secrets despite a pledge by China’s president that they would not do so, according to private researchers.
      WP  -  397 words
    • Article
      Lock icon Yahoo development chief said to leave company to join Square
      538 17 BLOOMBERG San Francisco ONE of the top lieutenants in Silicon Valley is leaving the side of one high-profile Internet executive in Marissa Mayer to join another, Jack Dorsey. Jacqueline Reses is departing Yahoo! Inc, where she had been chief development
      BLOOMBERG  -  538 words
    • Article
      Lock icon Firms scan PCs for child sex images
      609 17 BLOOMBERG London THE first alarm came within a week. It meant an Ericsson employee had used a company computer to view images categorised by law enforcement as child sexual abuse. “It was faster than we would have wanted,” says the company’s chief legal
      BLOOMBERG  -  609 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      708 17 Q www.omy.sg ■-T. 7 I F A (B if Buzz; Talk rop SCAN SWATCH more news.omy.sg sSSSS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SAIGON CENTRE HOLDINGS PTE LTD (REGISTRATION No. *****6327K) (Incorporated in Singapore) At an Extraordinary General Meeting of the
      708 words
Page thumbnail Page 18
  • CONSUMER
    • Article
      Lock icon Seoul successfully copies a US strategy to boost retail sales
      719 18 A Black Friday discount drive lifts sales at stores hit by online shopping and falling tourist arrivals BLOOMBERG Seoul SOUTH Korea is trying to stem a drop in retail spending by replicating an American shopping tradition Black Friday. More than
      BLOOMBERG  -  719 words
    • Article
      Lock icon Walmart suppliers under more pricing pressure
      458 18 REUTERS Chicago SUPPLIERS of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores. Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer last
      REUTERS  -  458 words
    • Article
      Lock icon Loss of 300,000 subscribers in Q3 seen as good news for US pay-TV
      442 18 BLOOMBERG New York HOW bad have things been for the pay-television industry lately? An estimated 300,000 Americans dropped TV service last quarter, and analysts are calling it good news. Predictions for subscribers who cancelled their video packages
      BLOOMBERG  -  442 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      70 18 A CA R FO R E V E RY PUR SE PURP OSE 7 AND 8 NOVEMBER 201 5 SATURDAY SUNDAY 10AM 8PM SINGAPORE EXPO HALL 5 ADMI SS I O N I S FREE IT’S TIME TO BUY A NEW CAR “Presenting the best offers from all your favourite
      70 words
Page thumbnail Page 19
  • TRANSPORT
    • Article
      Lock icon Ageing cars and new technology help US auto parts retailers to surge
      847 19 They are also immune to online retailers as customers need immediate assistance and can’t wait for delivery BLOOMBERG New York NOT all brick-and-mortar retailers are running in fear from Amazon.com. Just look at the auto parts industry. The
      BLOOMBERG  -  847 words
    • Article, Illustration
      Lock icon Air France to go ahead with job cuts despite protests
      602 19 AFP Paris AIR France will go ahead and cut hundreds of jobs as planned next year under the first part of a restructuring plan that triggered violent protests, the chief executive of Air France-KLM said on Sunday. The remaining cuts
      AFP; PHOTO: AFP  -  602 words
    • Article, Illustration
      Lock icon Visitors to get a last look at NYC’s iconic TWA Flight Center
      417 19 REUTERS New York THOUSANDS of visitors are expected at New York’s John F Kennedy International Airport on Sunday to get a last look at the iconic architecture of the Trans World Airlines Flight Center before the futuristic 1960s
      REUTERS; PHOTO: REUTERS  -  417 words
    • Article, Illustration
      Lock icon United stays silent on medical condition of airline CEO
      599 19 REUTERS Tampa, Florida UNITED Continental Holdings Inc remained silent on the medical condition of its new chief executive officer, who was admitted to the hospital on Thursday, prompting questions from observers about who will lead the company in his absence. The
      REUTERS  -  599 words
    • Article
      Lock icon SHIPPING TIMES
      765 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
      765 words
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
  • OPINION
    • Article
      Lock icon More resources and commitment are the keys to fighting the haze
      581 22 EDITORIAL It seems like an annual tradition to have a debate about the haze and to be told that there is no simple solution to the regional scourge. It is time for those who have contributed to the haze
      581 words
    • Article, Illustration
      Lock icon US presidential election ignoring large social realities
      794 22  -  THE BOTTOM LINE By Robert Samuelson WASHINGTON POST WRITERS GROUP Washington WE have all manner of policy proposals from the Democratic and Republican presidential candidates, but there’s a sobering disconnect between what they’re advocating and the large problems the country actually faces. The
      WASHINGTON POST WRITERS GROUP  -  794 words
    • Article, Illustration
      Lock icon Xi in the UK: Economics the dominant note
      1185 22  -  British businesses want to tap the opportunities in the Chinese market, and China is glad for the faith placed in it, at a time when its economic health is in doubt. BY ANDREW HAMMOND doubt.BY ANDREW HAMMOND T The writer is an
      PHOTO: AFP  -  1,185 words
    • Article, Illustration
      Lock icon Flash crashes, debt default and panic selling haunt IMF
      1121 23  -  COMMENTARY By Anthony Rowley Every year, the great and the good (if that is an appropriate term for finance ministers and central bank governors) come together at the International Monetary Fund and World Bank meetings in order to “save the world”.
      1,121 words
    • Article
      Lock icon Companies Act must be amended now to ensure real independence of directors
      413 23  -  LETTER TO THE EDITOR Tan Kok Tim Singapore I REFER to the BT article “SGX to inspect over 550 listed firms on governance code” (Oct 13). This is a matter of great concern as there was a report
      413 words
    • Article, Illustration
      Lock icon Enforcing the comply or explain requirement
      1645 23  -  SGX should apply the full force of its enhanced enforcement powers on errant parties. BY MAK YUEN TEEN BY MAK YUEN TEEN T The writer is an associate professor at the NUS Business School where he teaches corporate governance and ethics ON Oct 12,
      PHOTO: REUTERS  -  1,645 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      43 23 EDITOR’S NOTE The feature article “Sharpening Research, Innovation and Enterprise” by Lim Chuan Poh published in this section on Oct 15 contained some errors inadvertently introduced during the editing process. A corrected version of the article can be accessed online at http://www.businesstimes.com.sg/ opinion/sharpening-research-innovation-enterprise
      43 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      192 24 PLACE YOUR AD HERE r THE BUSINESS TIMES Shipping times CALL JOB WO IMG AT 9620 1327 urgently needed fc>y shippers Can they find your services here in -the Shipping Times'? ADVERTISE, CALI IOE WONG AT 9620 1 nm business times S PING TIMES Highlight Your Company Anniversary Come publicise
      192 words
Page thumbnail Page 25
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Steve Jobs biopic wraps London Film Festival
      659 25 This year’s event highlights the struggles of women through choices such as Suffragette AFP London THE 59th edition of the London Film Festival concluded on Sunday with the European premiere of the Danny Boyle-directed biopic Steve Jobs, starring Michael Fassbender as the iconic
      AFP; PHOTO: REUTERS; PHOTO: AFP  -  659 words
    • Article, Illustration
      Lock icon S Koreans gather for rare reunion with North relatives
      751 25 AFP REUTERS Sokcho, South Korea CLOSE to 400 South Koreans, many of them elderly and nearly all in a state of fevered anticipation, gathered on Monday before crossing into North Korea for a rare reunion with separated family members. Beginning on
      AFP; REUTERS; PHOTO: REUTERS  -  751 words
    • Article
      Lock icon Price of donated eggs now subject of legal battle
      734 25 NYT New York ON their websites, next to glossy pictures of babies, some fertility clinics and egg donor agencies refer to eggs as a “priceless gift” from caring young women who want to help people with fertility problems. There is a
      NYT  -  734 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      333 25 CRYPTIC CROSSWORD Across 1 Pain from exercise in saddle perhaps (6) 5 Detectives must probe old coin in the West (8) 9 Place of worship gets a celebrant excited (10) 10 Secures trousers (4) 11 Someone lacking faith in one violinist (8) 12 Goblin has ill feeling about king (6)
      333 words
Page thumbnail Page 26
  • SME
    • Article, Illustration
      Lock icon Help for SMEs to spread their wings
      945 26  -  Targeted new schemes and enhancements to existing ones have been introduced. BY CHAI WAI FOOK, CHIA SENG CHYE T The writers are both partners, Tax Services at EY in Singapore. The views reflected in this article are the views of the authors and
      ST FILE PHOTO  -  945 words
    • Article
      Lock icon Trans-Pacific Partnership: time for small businesses to think big
      576 26  -  By Nando Cesarone T The writer is the president of UPS Asia Pacific Region. UPS is a lead company in the us-Asean Business Alliance for Competitive SMEs and has partnered SME agencies throughout the world to help SMEs export and join
      576 words
    • Article, Illustration
      Lock icon Aver Asia makes quality customer service its guiding principle
      987 26  -  By Jerdine Ho, Jodee Sen, Lee Zi Ming, Liu Weining T The writers are students at NUS Business School. Singapore WHAT can you do to stand out in an industry where equipment is standardised, with little product differentiation? Aver Asia, which
      987 words