The Business Times, 31 October 2015

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Microfilm: NL33641
Total Pages: 41
1 16 The Business Times
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      309 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 22-24 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-7 Shopping L8-9 Travel L10-12 Health L13 Motoring L14-15 Golf L16 THE
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  • TOP STORIES
    • Article
      Lock icon Manufacturing, services firms turn bearish
      581 2  -  Higher proportion of them expect reduced business activity over the next six months By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore BOTH manufacturing and services companies in Singapore have turned pessimistic about their short-term business prospects, official surveys released on Friday show, with soft global economic conditions
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    • MARKETS
      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.400 (US$/S$ per 1.534 2.148 EURO (US$/S$/€ 1.099 1.539 Foreign currency per US$ S$ YEN 120.80 86.30 RM 4.293 3.066 HK$ 7.750 5.535 BAHT 35.57 25.40 RUPIAH 13,645 9,745 RENMINBI 6.325 4.517 INDIAN RUPEE 65.18 46.55 A$ 1.405 1.004 NZ$ 1.479 1.056
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      • Article
        Lock icon STOCKS
        59 2 HSTI 2,998.35 (-3.16) HSTI FUTURES 2,996.00 (-6.00) HSIMSCI 336.30 (-0.08) HSIMSCI FUTURES 335.40 (-0.80) STOCKS Friday Change KL COMP 1,665.71 -1.27 NIKKEI 225 19,083.10 +147.39 HANG SENG 22,640.04 -179.90 SET 1,394.94 +4.90 JAKARTA 4,455.18 -16.84 MANILA 7,134.26 -54.99 KOSPI 2,029.47 -4.69 SHENZHEN B 1,153.44 +1.59 MUMBAI IND 26,656.83 -181.31
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.293 TAIWAN 4.966 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.05 Source: Bloomberg
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    • Article
      Lock icon KL set to sell state-owned land
      668 3  -  The move to monetise its assets will also pump-prime a sluggish economy By Pauline Ng btworld@sph.com.sg Kuala Lumpur EXPECT to see a step up in the disposal of state-owned lands as Putrajaya monetises more of its assets, property consultants say. The move also indirectly
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    • Article, Illustration
      Lock icon Three levels for Asean to fight haze: Masagos
      524 4  -  The problem can be tackled at the Asean level, bilateral level and consumer level By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE haze problem plaguing the region is the worst on record, eclipsing even the previous crises in 1997 and 2013, said Singapore’s
      PHOTO: REUTERS  -  524 words
    • Article
      Lock icon Forest fires make Indonesia world’s biggest polluter
      822 4 Bloomberg Bonn INDONESIA’S forest fires have catapulted the South-east Asian nation to the top of the rankings of the world’s worst global warming offenders, with daily emissions exceeding those of China on at least 14 days in the past two months. The nation’s
      Bloomberg  -  822 words
    • Article, Illustration
      Lock icon Local Indian restaurants tie up to boost productivity
      515 6  -  They’ll adopt new tech, use food processing centres and skills training courses By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AGAINST the backdrop of a tight labour market, 22 local Indian restaurants have banded together to set up two consortia to boost productivity through
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    • Article
      Lock icon BOJ delays timing of inflation target
      685 6  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan’s (BOJ) Policy Board opted on Friday to keep policy unchanged despite expectations that it might ease again in the face of having to delay the timing for achieving the central bank’s widely challenged target of
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    • Article
      Lock icon Bank lending in first contraction since April
      387 7  -  Loans through the DBU for September down 0.8% from August: MAS data By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANK lending in September might signal wavering business confidence, with the first month-on-month contraction since April reflecting weaker business loans. Loans through the domestic banking
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    • Article
      Lock icon SGX raps Advance SCT for rule breaches
      257 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore Exchange (SGX) on Friday reprimanded mainboard-listed Advance SCT for breaching several listing rules; the supplier of copper-based products had failed to promptly disclose material information on certain transactions and in some cases, failed to seek
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      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
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      33 5 NO TRICK. ALL TREAT. $119,800. FROM > CTS I MINI 5 DOOR b MINI 3 DOOR MINI ONE 3 DOOR AND MINI COOPER S 5 DOOR FUEL CONSUMPTION: 5.0L 5.5L/100KM C02 EMISSIONS: 117G 129G/KM
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      131 7 SOME THINGS ARE MEANT TO BE SHARED, OTHERS YOU JUST WANT TO KEEP FOR YOURSELF. m M sf ->■ Jr i u t s-x- r#. --A V mm A *4' *+>.. "4 s Boldly symbolic of wood-fire and glowing embers reduced from searing heat, Ash Elm is a vibrant restaurant
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Connecting with people
      1713 8 / 9  -  peoplePresident of Mercer Julio Portalatin says how a company deals with ageing and talent management will determine its success in the 21st century. By Genevieve Cua By Genevieve Cua gen@sph.com.sg @GenCuaBT JULIO Portalatin, global consulting firm Mercer’s president and chief executive, sought management opportunities immediately after graduating
      PHOTO: SHAWN TEO  -  1,713 words
    • Article
      Lock icon Hands down, it’s hands-on
      593 8 / 9 EARLY in his career, Julio Portalatin, president and chief executive of Mercer, settled on a management style that he gleaned from In Search of Excellence by Tom Peters. He calls the style “management by walking around”. “I learnt that managers and leaders shouldn’t spend as much
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  • COMPANIES & MARKETS
    • Article
      Lock icon UOB’s Q3 profit dips on higher costs
      625 10  -  Shareholders get 20¢ per share one-off 80th anniversary dividend By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank (UOB) on Friday posted a net profit of S$858 million for the third quarter, down one per cent on higher staff and branding costs.
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    • Article
      Lock icon NOL’s Q3 net loss quadruples to US$96m
      321 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore NEPTUNE Orient Lines (NOL) slipped deeper into the red for the third quarter with a net loss of US$96 million, compared to US$23 million a year ago, on continued headwinds in its core container shipping business.
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    • Corporate digest
      • Article
        Lock icon Top Global
        50 10 TOP Global reported an increase in net profit from S$265,000 to S$984,000 for the third quarter. Revenue climbed from S$11.2 million to S$48.05 million, thanks in part to an increase in revenue from property development. Earnings per share came to 0.003 Singapore cent, compared to 0.002 cent previously.
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      • Article
        Lock icon Tiong Seng
        36 10 TIONG Seng Holdings’ wholly owned subsidiary Tiong Seng Contractors has been awarded a contract of about S$72.9 million by the Land Transport Authority for the proposed construction of a bus depot at Sungei Seletar.
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      • Article
        Lock icon Sembcorp Industries
        31 10 UTILITIES group Sembcorp Industries has appointed Nicky Tan Ng Kuang, who runs nTan Corporate Advisory, as a new independent director on its board with effect from Nov 1, 2015.
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      • Article
        Lock icon Soilbuild Construction Group
        83 10 SOILBUILD’S net profit for the third quarter fell 24 per cent year-on-year to S$3.07 million despite a 26 per cent climb in revenue to S$78.20 million, it said in a Singapore Exchange filing on Friday. Earnings per share for the three months ended Sept 30 dropped to
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      • Article
        Lock icon OKP
        67 10 ENGINEERING company OKP Holdings saw a jump in net profit for the third quarter ended Sept 30, rising to S$997,000 from S$281,000 a year ago. This was despite a 7.5 per cent slide year-on-year in revenue to S$24.21 million due to lower revenue from its maintenance segment. Earnings per
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      • Article
        Lock icon Creative Technology
        57 10 CREATIVE Technology sank deeper into the red in the first quarter, as its losses swelled from US$9.83 million a year ago to US$13.93 million. Sales dipped 7 per cent for the quarter under review to US$22.51 million due to “uncertain and difficult market conditions”, it said. Loss per
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      • Article
        Lock icon Keppel T&T
        121 10 KEPPEL T&T officially opened its Almere Data Centre 2 on Friday, its first greenfield data centre in Europe. The data centre is strategically located next to Almere Data Centre 1, Keppel’s existing data centre in the Netherlands. The new facility is a high quality colocation data centre with
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    • Article, Illustration
      Lock icon FOMC statement provides main focus for markets
      566 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE US Federal Open Market Committee’s penultimate meeting of 2015 provided the week’s central focus for markets all around the world. Before the meeting, expectations were that the Fed would not raise interest rates but might
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    • Article
      Lock icon GAINERS
      68 11 BY CENTS CLOSE UP 52w high/low JMH USD 5459 217.0 2.9 6788/4502 JSH USD 3017 114.8 2.8 3703/2611 Jardine C&C 3262 106.0 3.4 4269.7/2636 DBXT Vietnam US$ 2415 42.0 1.3 2963/2139 Creative 131.5 32.0 32.2 208/85 BY PERCENTAGE CLOSE UP 52w high/low SUTLEnterprise 40 77.8 17.5 69/22.5 Annica 0.5
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    • Article
      Lock icon LOSERS
      82 11 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -147.0 -0.9 *****/***** Lyxor MS India US$ 1562 -56.0 -2.5 1840/1332 Lyxor Indonesia US$ 7054 -44.8 -0.5 9182/6250 DBXT Nifty US$ ***** -33.6 -0.2 *****/***** DBXT DBCDJUBS US$ 1958 -29.4 -1.1 2645/1932 BY PERCENTAGE CLOSE DOWN 52w high/low SGX MB
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    • Article
      Lock icon MOST ACTIVE
      33 11 VOLUME Yuuzoo 64,383,600 Noble 55,726,000 Spackman 41,624,700 StratechGroup 24,421,200 Ezra 24,352,400 Market volume 1,092,256,000 VALUE DairyFarm USD 109,890,003 UOB 94,630,517 OCBC Bank 88,701,769 DBS Grp 87,189,849 Singtel 85,464,788 Market value 1,132,652,000
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    • Article
      Lock icon S’pore market cap breaks 5-month slide with 6.3% pop in October
      588 11  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MOST Singapore stocks bounced higher in October to end a fivemonth slide in market capitalisation, but analysts warn that gravity could make a comeback. The total value of Singaporelisted stocks rose 6.3 per
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    • Article
      Lock icon STI STOCKS
      307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 xd -3 241/238 271 213 6.1 6047.7 CapitaLand 310 -3 314/308 379 267 11.4 2.9 *****.9 CapitaMall Trust 198 xd -0.5 201/197 228 184.5 5.5 6871.4 CityDev 794 -14 800/789 1095
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    • Article
      Lock icon SGX ETFs Most Active
      113 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS ASIA HYG US$ US1075 +18 477 1075/1065 1130/1007 1050/1075 IS Asia BND US US1046 +6 380 1046/1046 1096/1019 1046/1051 IS MS INDIA US$ US705 -3 191 710/704 1000/648 702/705 88.1 STI ETF 304 -1 154
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      791 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 26 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) ICP Ltd 29-Oct-15 Aw Cheok Huat *Buy 5026 0.01 *****5 18.10 *****1 18.30 Tee Intl 29-Oct-15 Phua
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 5 6 0 0 0 3 5 6 Manufacturing 26 45 23 10 7 9 36 52 32 Commerce 21 13 16 2 5 7 23 18 23 Tpt/Stor/Comms 10 18 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,209 15,209 54,445 54,445 Manufacturing 97,740 30,238 127,978 73,424 1,697 75,121 Commerce 88,867 54,848 143,715 190,205 3,103 193,308 Tpt/Stor/Comms 97,378 694 98,072 161,096 62 161,158 Finance 26,922 4 26,926 289,581 1 289,582 Construction 18,979 3,500
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Oct 30 VALUE CLOSE BT OB/OS -76.00 -164.00 BT CADI -*****.00 -76.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 701.53 -4.59 FTSE ST Small Cap 422.89 -2.22 FTSE ST All Share 726.51 +0.10 FTSE ST China Top 179.80 -0.55 FTSE ST China 220.82 -1.20 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 VOL CLOSE($) CHANGE Creative 414.25 1.315 +0.320 +32.16 Annica 4,745.0 0.005 +0.002 +66.67 Hu An Cable 18,571.4 0.009 -0.004 -30.77 Global Tech 1,695.0 0.017 -0.002 -10.53 AEI 8.0 0.800 -0.080 -9.09 Khong Guan Flour 16.6 2.150 +0.090 +4.37 Enviro-Hub 201.0 0.063 +0.011 +21.15 EnGro 58.5 1.050 +0.095 +9.95
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      Lock icon COMMODITY FUTURES
      192 13 Oct-29 Price Net change change Last Trade Agricultural Oct-29 CBOT Soybeans (US cents/bu) 878.75 -2.75 -0.31% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.88 -0.23 -0.82% 14/12/2015 CBOT Wheat (US cents/bu) 515.00 9.00 1.78% 14/12/2015 Oct-29 LIFFE Cocoa (£/tonne) 2200.00 unch 0.00% 14/12/2015 LIFFE Coffee (US$/tonne) 1566.00 26.00 1.69%
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    • Article
      Lock icon PALM OIL
      57 13 Oct 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2248.0 2238.0 2250.0 2202.0 211 2948 Dec 15 2315.0 2296.0 2330.0 2273.0 4024 ***** Jan 16 2358.0 2363.0 2377.0 2326.0 ***** ***** Feb 16 2391.0 2403.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Oct 30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.24 100.36 100.33 5-Year N*****0S 2.000 01-Jul-20 100.62 10-Year NX*****Z 2.375 01-Jun-25 99.27 99.85 99.41 15-Year NZ*****F 2.875 01-Sep-30 101.59 102.15 101.93 20-Year NZ*****V 3.375 01-Sep-33 108.48 109.60 108.59
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Oct 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9960 0.9967 0.7115 0.7116 Canadian dollar 1.0646 1.0655 0.7607 0.7606 Euro 1.5385 1.5398 1.0991 1.0994 NZ dollar 0.9467 0.9474 0.6763 0.6764 Sterling pound 2.1467 2.1484 1.5336 1.5339
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      209 13 Most active Oct 30 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.5 0.2 ***** 1 18 12 OCBC Bk MB eCW*****6 9.3 -0.6 7480 0.2 995 6 DBS MB eCW*****8 14 -0.7 6060 0.1 1700
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    • 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 29 Index Change Change Change Change Change Change World Preliminary 1303.8 -0.3 2.2 0.3 5.7 -0.6 -0.3 EAFE Preliminary 1029.1 -0.5 4.3 -0.3 4.9 -1.1 -1.0 Europe Preliminary 1441.6 -0.6 4.3
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    • 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: -4.09% 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: 4.57% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,391.08 on Oct 30,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +9.35% 52-week high: 20,868.03 on June 24,2015 52-week low: 15,658.20 on Oct 30,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 13 YTD change: -0.38% 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, Illustration
      Lock icon UIC Q3 net profit rises 9% to S$65.3m
      449 14  -  Group expects CBD office demand to remain ‘subdued and steady’ By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore UNITED Industrial Corporation (UIC) has posted a net profit of S$65.28 million for the third quarter ended Sept 30, 2015, up 9 per cent from the
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    • Article
      Lock icon Roxy posts 7% rise in Q3 net profit
      328 14  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore ROXY-Pacific Holdings has posted a 7 per cent increase in third quarter net profit to S$13.25 million. Revenue climbed 31 per cent to S$87.65 million due mainly to higher revenue from property development and property investment,
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    • Article
      Lock icon GLP posts 27% jump in Q2 profit
      659 14  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GLOBAL Logistic Properties (GLP) reported a 27.4 per cent jump in net profit for the fiscal second quarter ended Sept 30 to US$114 million on the back of growth in China, development gains in Japan, entry into
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Response to new housing grant ‘most encouraging’
      606 15  -  More than one in five resale flat buyers have applied for the Proximity Housing Grant By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore RECENT measures relating to the Housing Development Board (HDB) resale market have been greeted with strong response, with more than one in
      FILE PHOTO  -  606 words
    • Article
      Lock icon More rooftop recreation in Japanese commercial buildings
      638 15  -  Yomiuri Shimbun A VARIETY of interesting spots are popping up on the roofs of Japanese shopping centres, department stores and other commercial facilities these days, including vegetable gardens, a park inspired by a famous series of paintings and a running track. These evolving
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    • Article
      Lock icon Househunt
      1149 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 16 AND SEPT 22, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED One Shenton Apt 21/09/2015 99 1582 2360 1491 V On Shenton Apt 22/09/2015 99
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      139 17 TURNING PASSION O Eye Level I am the key. INTO OPPORTUNITY As a franchise owner you will enjoy Simple, effective systems for educating, marketing, sales and operations Extensive, proprietary curriculum, customised to the educational requirements of each student A time tested business model proven to attract and retain students A
      139 words
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      Lock icon Page 17 Advertisements Column 2
      139 17 PEEL RD (Swettenham Rd) *****/ 8500 sf. Modern contemporary, pk 8 cars. Motivated seller, Priced to sell BELMONT ***** sf, rebuild BELMONT ***** sf, Brand new, Priced to sell. Elevated land, nice view BINJAIPK ***** sf, Elevated, Squarish BTTUNGGAL ***** sf, Elevated Brand new, Panoramic view, easy access CHATSWORTH 31K
      139 words
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon StanChart mulls raising at least US$4 billion
      487 17 Sources say it has made no final decision yet over a possible share sale Bloomberg London STANDARD Chartered Plc has held discussions with bankers on raising at least US$4 billion as British regulators toughen scrutiny on lenders with exposure to emerging markets in
      Bloomberg; PHOTO: REUTERS  -  487 words
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      Lock icon Page 18 Advertisements Column 1
      51 18 HOT PROPERTY SHERWOOD TWR. 1518 sf. 3+1. High flr. Nature Reserve view Nice Reno. Pei Hwa. MRT by Dec'15. F'HOLD SUMMERHILL 1206SF. 3+1 Unblock. High flr. Spacious. Windy. Hillview MRT. Move-in. Only $1.288M. Act Fast! LOOKING FOR AN APARTMENT? Check out these properties and more in The Straits Times Classified
      51 words
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Oil industry slipping into the red
      653 18 Many top firms post Q3 losses; 2016 outlook grim Reuters London THE oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper. The world’s top oil companies have struggled
      Reuters; PHOTO: BLOOMBERG  -  653 words
    • Article
      Lock icon Global LNG glut pushing producers, importers into spot market
      448 18 Reuters Singapore PRODUCERS and importers of liquefied natural gas (LNG) are preparing to trade the fuel more actively on a spot basis as a looming supply surplus threatens to overwhelm dec-ades-old bilateral contracts and pressure prices lower. With the advent of
      Reuters  -  448 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Samsung seeks to supply tech to auto industry
      892 19 It is coming relatively late to this party, but could catch up by acquiring tech players Reuters Seoul SAMSUNG Electronics and group companies are trying for a belated push into the business of supplying technology to car makers, even as rivals sew
      Reuters; PHOTO: REUTERS  -  892 words
    • Article
      Lock icon China to start work on super-collider in 2020: report
      558 19 Mega-machine aims at raising understanding of the Higgs boson AFP Beijing CHINA will begin work on the world’s largest super-collider in 2020, a mega-machine aimed at increasing understanding of the elusive Higgs boson, state-run media reported on Thursday. The facility, designed
      AFP  -  558 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Japan firms more keen to invest in Asean than China
      611 20 They are tapping record cash piles to increase investments in South-east Asia Reuters Singapore JAPANESE companies have shown a big and varied appetite for South-east Asia this year, buying control of Myanmar’s dominant beer maker, a Singapore logistics company and
      Reuters; PHOTO: NOL  -  611 words
    • Article
      Lock icon China policy change seen having little baby-food impact
      473 20 Reuters Chicago STOCK prices for baby-food makers, which climbed after China pledged on Thursday to ease family planning restrictions, may have surged too soon, with analysts and one leading company predicting little chance of a significant bump in demand from the policy
      Reuters  -  473 words
    • Article
      Lock icon Luxury goods market heading for weakest growth since Lehman crash
      384 20 Bloomberg Paris THE global market for personal luxury goods is heading for its weakest year of expansion since 2009 as a combination of stock market turmoil, a strong US dollar and a commodity price rout curb demand. Sales of items
      Bloomberg  -  384 words
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      Lock icon Page 21 Advertisements Column 1
      88 21 In the matter of The Companies Act, Cap. 50 And In the matter of Tampines West Management Services Pte Ltd (Registration No: *****6061C) (In Members’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap. 50, that the Final Meeting of Members of the abovenamed
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  • TRANSPORT
    • Article
      Lock icon US$1b Quebec support for Bombardier jet project
      614 21 C Series effort marred by delays, cost overruns and dearth of orders NYT Ottawa AS aerospace manufacturer Bombardier struggles with a new commercial jet project, it will receive a US$1 billion bailout from the Canadian province of Quebec, helping ease concerns about the
      NYT  -  614 words
    • Article, Illustration
      Lock icon India unveils plan to ‘take flying to the masses’
      271 21 AFP New Delhi THE Indian government on Friday announced a plan to make air travel affordable for millions more Indians, with schemes to revive ailing airports and connect rural areas that it said would “take flying to the masses”. The long-awaited
      AFP; PHOTO: BLOOMBERG  -  271 words
    • Article
      Lock icon America set to crack down on drones near airports
      564 21 WP Washington CACI International, the defence and intelligence contractor, is working on a system that could soon track and overtake rogue drones flying too close to airports, an increasing concern of the Federal Aviation Administration (FAA) as it struggles to regulate
      WP  -  564 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon September consumer spending up 0.1%
      547 22 It is the smallest gain recorded in 8 months; personal income also rises marginally LATEST US DATA Reuters Washington US consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty
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      Lock icon China’s richest man confirms Wanda has ties to Xi’s family
      403 22 AFP Beijing CHINESE President Xi Jinping’s brother-in-law owned shares in a firm controlled by the country’s richest man Wang Jianlin, the businessman confirmed after allegations that political connections helped Wanda Group grow. The declaration by Mr Wang comes after a
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    • Article
      Lock icon Some Chinese take to social media – and some head for the bedroom
      326 22 Some Chinese take to social media and some head for the bedroom NYT Beijing THE Chinese Communist Party’s historic decision to ease its restrictions on the number of children all married couples are allowed to have thereby turning its decades-old “one-child” policy into a “two-child” policy was met with a
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      Lock icon Japan still suffers butter deficit despite trade pact
      597 23 TPP deal does not do enough to loosen curbs on imports Reuters Tokyo HOPES look set to be dashed that a regional trade pact could end a butter shortage in Japan which has left shelves in some supermarkets empty and prompted others
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    • Article
      Lock icon Bank Negara takes USD deposits as ringgit sinks
      310 23 Bloomberg Kuala Lumpur MALAYSIA’S central bank started taking in interbank dollar deposits for the first time in September to try and slow a slide in the ringgit, Asia’s worst-performing currency. Bank Negara Malaysia (BNM) is accepting deposits in small amounts, according to
      Bloomberg  -  310 words
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      Lock icon India asset sale target slips away on market swings
      659 24 Low commodity prices depressing valuations of state-run energy companies up for sale Bloomberg New Delhi WHEN Indian Finance Minister Arun Jaitley read out the annual asset sale target during his February budget speech, one person was immediately sceptical: the woman tasked
      Bloomberg; PHOTO: AFP  -  659 words
    • Article
      Lock icon Countries back roadmap towards 5G: UN
      213 24 AFP Geneva COUNTRIES have approved a roadmap for developing a new generation of “5G” mobile networks, the United Nations said on Thursday, in what could pave the way for light-ning-quick downloads and driverless cars. The International Telecommunication Union said an assembly of radio communication
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    • Article
      Lock icon Credit Suisse in US, Swiss probe over Fifa
      345 24 Bloomberg Zurich US AND Swiss authorities are investigating Credit Suisse Group AG’s relationships with Fifa officials named in a US criminal indictment, the lender said, making it the first global bank to disclose that it is being questioned in the corruption probe
      Bloomberg  -  345 words
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      541 23 NOTICES SIMPLE UNITED LIMITED Company No. *****15 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204(1)(a)(i) of the BVI Business Companies Act, 2004 that Keith Price at 1 Raffles Place, #30-04, One Raffles Place, Singapore *****6, has been appointed as the voluntary Liquidator of the Company pursuant
      541 words
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      25 24 SINGAPORE BL G AWARDS mtw as m Winner's Interview series /f's all about valyn Picking herself up despite spine problems -%s r' !M SCAN&READ blog.omy.sg/sgblogawards
      25 words
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      52 25 A C A R FOR EVERY PURSE PURPOSE 7 AND 8 NOVEMBER 201 5 SATURDAY SUNDAY 10AM 8PM SINGAPORE EXPO HALL 5 ADMISSION IS FREE “Presenting the best offers from all your favourite brands at the show!” Go to http://www.sphclass.com.sg/cars/ to find out more. ORGANISER GOODIES SPONSORS OFFICIAL FUEL PARTNER
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  • Page 26 / 27 Miscellaneous
  • OPINION
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      Lock icon Japan property market set to bubble again
      2062 26 / 27  -  The key factors have emerged belief that asset prices will rise, aggressive bank lending and encouragement from tax system. By Yoji Otani and Akiko Komine By Yoji Otani, Akiko Komine ~The authors are research analysts at Deutsche Bank. This article was sourced from
      PHOTO: BLOOMBERG  -  2,062 words
    • Article
      Lock icon Better late than never
      553 26 / 27  -  By Meghnad Desai OMFIF JANET Yellen flunked the test in September when she led the US Federal Reserve to postpone the much expected rate rise. This time, after the relatively hawkish statement from the Federal Open Market Committee’s Oct 28 meeting, the Fed chairman may be
      OMFIF  -  553 words
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  • Wealt
    • WEALTH INVESTING
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        Lock icon Sitting out China’s summer rout pays off
        1186 28 / 29  -  Some hedge funds made strategic purchases on brief upswings prompted by government intervention in July. By Zhang Dingmin By Zhang Dingmin Bloomberg BeijingCHINA’S summer market selloff wasn’t a total rout if you were one of the country’s top-performing hedge funds that gained an
        Bloomberg; PHOTO: REUTERS  -  1,186 words
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        Lock icon BROKERS' TAKE
        390 28 / 29  -  Compiled by Claire Huang Hospitality sector Phillip Securities Research, Oct 30 Strong international visitor arrivals (IVA) growth in July and August, underpinned by a recovery from Chinese visitor arrivals, further attributed to the spillover effect from Chinese visitors visiting Thailand, and an SG50 promotional campaign rolled out by
        390 words
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        Lock icon Avoiding herd instinct amid uncertainty
        764 30  -  The key to exploiting short-term market volatility is to focus on the extremes of valuation and have patience WEALTH INSIGHT Dean Cashman Eastspring Investments ~The writer is portfolio manager and team leader for Japanese equities at Eastspring Investments FOR investors who choose to focus on
        PHOTO: AFP  -  764 words
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  • Page 31 Miscellaneous
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      339 31 CRYPTIC CROSSWORD Across 1 Treat superficially books penned by Carry On actor (6) 4 National institution operating amid protest ending in rally (8) 10 Philosopher’s vocal character proving a heavy burden (9) 11 Extra payment that’s good in France and America (5) 12 Speciality shown by husband and father in
      339 words
  • LIFE & CULTURE
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      Lock icon Muguruza, Kvitova reach WTA Finals semis
      372 31  -  Muguruza plays Radwanska, latter takes on Sharapova on Saturday By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE semi-final line-up for the BNP Paribas Women’s Tennis Association (WTA) Finals is complete, and tennis fans are in for an epic weekend at the Singapore Indoor Stadium. It
      PHOTO: REUTERS  -  372 words
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      Lock icon WTA Finals bathroom partner Roca glad for raised profile
      298 31  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore FOR major sports events such as the BNP Paribas Women’s Tennis Association (WTA) Finals presented by SC Global, there is usually a long list of corporates, both big and small, on board as partners and
      298 words
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      110 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 BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      110 words
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      67 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 31 NOVEMBER 1 2015 HIP NEW HANGOUTS Restaurants and hotels up the cool factor L2-5 PHOTO OF ODETTE AT THE NATIONAL GALLERY: JOSEPH NAIR TRAVEL UK’s Gainsborough Bath Spa L10-11 DINING Far from the madding crowd L6-7 MOTORING The Citroen C4 Picasso L14 MOTORING Latest
      67 words
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  • LIVING
    • Article, Illustration
      Lock icon HIP NEW HANGOUTS
      3090 2 / 3  -  Restaurants and hotels up the cool factor by reimagining entertainment spaces with lashings of style. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT TAKING A LEAF FROM ART Odette National Gallery Singapore, 1 St Andrew’s Road #01-04 Opens on Nov 2, hours from 12pm to 2pm, 7pm to
      PHOTOS: JOSEPH NAIR; PHOTOS: LAURA NG; PHOTOS : HOTEL VAGABOND; PHOTOS: HOTEL VAGABOND; PHOTOS: DP ARCHITECTS  -  3,090 words
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      611 4 / 5 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore, Level 5, 6 Raffles Boulevard Z6845-1118 Daily Dim Sum A La Carte Buffet Peach Blossoms restaurant rolls out all you can eat dim sum *Lunch Buffet with over 60 items to choose from. Speciality dishes include Pan-fried Foie Gras with Smoked Duck
      611 words
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  • DINING
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      Lock icon FAR-FLUNG EATS
      1667 6 / 7  -  For those who prefer to dine far from the madding crowd, these three restaurants will appeal with their out-of-the-way locations. By Rachel Loi @RachelLoiBT rachloi@sph.com.sg In plane view Soek Seng 1954 Bicycle Cafe #01-01, MAJ Aviation Building 80, Seletar Aerospace Z6659-6124 Open Tues to Thur, Sun, 10am –10pm
      PHOTOS: JOSEPH NAIR  -  1,667 words
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  • STYLE
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      Lock icon Jubilee jewels
      748 8  -  For just one day, fans of high-end jewels will get to view 600 baubles by Cartier that pay tribute to the brand’s 160-year history. By May Yip THINK the SG50 festivities have petered out? Think again. Another international marque is riding on the golden jubilee bandwagon with a
      PHOTOS: CARTIER  -  748 words
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      Lock icon Fashion sheds its skein
      1327 9  -  Unexpected designer exits are roiling the world of couture. By Vanessa Friedman NYT ON Wednesday six days after it was announced that designer Raf Simons was leaving Christian Dior, and weeks after Alexander Wang’s last show for the house of Balenciaga Lanvin, the oldest surviving French
      NYT; PHOTOS: AFP  -  1,327 words
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  • TRAVEL
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      Lock icon Soaking in heritage
      1086 10 / 11  -  Refurbished from derelict Grade II-listed buildings, the Gainsborough Bath Spa in UK city Bath provides a total immersion experience, from direct access to healing thermal waters to the city’s Roman beginnings and Georgian architecture. By Goh Hwee Leng By Goh Hwee Leng ~The writer was in Bath
      PHOTOS: goh hwee leng, THE GAINSBOROUGH BATH SPA  -  1,086 words
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      Lock icon Getting hot and steamy
      357 10 / 11 FANCY a dip in a roof-top outdoor thermal pool which offers awesome views of Bath? Then head to the Thermae Bath Spa. It is the only place in the city where the general public, who are not guests of The Gainsborough Bath Spa or members of
      PHOTOS: GOH HWEE LENG  -  357 words
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      Lock icon Spirit of Japan
      838 12  -  With its global appeal growing fast, Shochu is no longer the country’s best-kept secret. By Dylan Tan By Dylan Tan @DylanT anSYBT dylantan@sph.com.sg ~For more information, check out www.honkakushochu-awamori.jp. ~The writer was a guest of Japan Sake and Shochu Makers Association on a trip to distilleries in
      PHOTOS: DYLAN TAN, OISHII JAPAN  -  838 words
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  • HEALTH
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      Lock icon Opening that blocked artery
      1614 13  -  Heart attack patients need to bear a few things in mind when undergoing percutaneous coronary intervention (PCI) Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese
      FILE PHOTO  -  1,614 words
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  • MOTORING
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      Lock icon Smooth operator
      620 14  -  The Citroen C4 Picasso gets an Euro 6 turbodiesel and a smooth new auto transmission. By Samuel Ee samuelee@sph.com.sg THE compact five-seater minivan that is the Citroen C4 Picasso may look the same but it has a new powertrain that makes it feel like a totally different car.
      620 words
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      Lock icon Heart racing concepts
      579 15  -  The Tokyo Motor Show 2015 unveils flashy models ranging from sports cars to crossovers. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Tokyo Motor Show 2015 struck an upbeat note with flashy concept cars amid one of the biggest gatherings of carmakers in the Japanese capital since
      PHOTOS: BLOOMBERG, REUTERS, AFP  -  579 words
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  • GOLF
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      Lock icon Mizuno school may produce next S’pore pro
      496 16  -  Recently opened school has programmes for junior golfers, competitive players and recreational golfers. By Justine Moss THE new Mizuno Golf School Asia Headquarters (HQ) could very well produce the next Singaporean male or female professional. It has happened in Japan with four youngsters
      496 words
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      Lock icon Some major changes in golf rules in 2016 edition
      682 16  -  By Justine Moss ONE of the top things on David Bonsall’s wish list would be for more amateur golfers to embrace the rules of golf. The chairman of the Rules of Golf Committee has been a member of The Royal and
      682 words