The Business Times, 10 November 2015

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Microfilm: NL33683
Total Pages: 39
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES www.businesstimes.com.sg TUESDAY, NOVEMBER 10, 2015 S$1 .00 I MCI (P) 039/08/2015 $31 A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon MAS: Chongqing township, new yuan quotas big boost to S’pore-China financial links
    443 1  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE will enjoy a large boost in quota under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme, and benefits at Singapore-China’s third joint project, in Chongqing, the Monetary Authority of Singapore (MAS)
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  • Article, Illustration
    Lock icon Trade slump causing big dent in global growth
    869 1  -  OECD cites China slowdown, build-up of curbs in major economies for trade slide By Anthony Rowley btworld@sph.com.sg Tokyo A SLUMP in world trade growth caused partly by China’s slowdown is a major factor behind the sluggishness of the global economy, said the
    Source: OECD; IMF; UNCTAD  -  869 words
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  • TOP STORIES
    • Article
      Lock icon Public transport: Manpower gets S$12.5m govt boost
      531 2  -  SBS Transit and SMRT Corp say they expect to spend more on manpower By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE public-transport sector is putting more emphasis on manpower development, with the government pumping S$12.5 million into training over the next three years, and
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 2,997.72 (-12.75) HSTI FUTURES 2,994.00 (-13.00) HSIMSCI 335.49 (-1.85) HSIMSCI FUTURES 334.00 (-2.55) STOCKS Monday Change KL COMP 1,686.11 +0.41 NIKKEI 225 19,642.74 +377.14 HANG SENG 22,726.77 -140.56 SET 1,402.57 -11.97 JAKARTA 4,499.51 -67.04 MANILA 7,070.19 -48.01 KOSPI 2,025.70 -15.37 SHENZHEN B 1,190.81 +6.37 MUMBAI IND 26,121.40 -143.84
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.490 TAIWAN 4.966 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.05 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.425 (US$/S$ per 1.508 2.150 EURO (US$/S$/€ 1.077 1.535 Foreign currency per US$ S$ YEN 123.40 86.60 RM 4.369 3.065 HK$ 7.751 5.438 BAHT 35.91 25.19 RUPIAH 13,675 9,593 RENMINBI 6.360 4.462 INDIAN RUPEE 66.37 46.56 A$ 1.418 0.995 NZ$ 1.526 1.071
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    • Article, Illustration
      Lock icon Shake-up needed for F&B, retail to boost productivity: Tharman
      506 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore FROM cooking to dishwashing and from self-service to self-checkout every operational aspect of the F&B and retail sector may require a shake-up to raise productivity, according to Deputy Prime Minister Tharman Shanmugaratnam. It “needs
      PHOTO: SEAH KWANG PENG / THE STRAITS TIMES  -  506 words
    • Article
      Lock icon UOB sets up innovation lab, explores crowdfunding
      404 3  -  Lab targets regional startups, UOB staff; crowdfunding aimed at small firms By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UNITED Overseas Bank (UOB), which is setting up an innovation lab jointly with the Infocomm Development Authority of Singapore (IDA), is exploring ideas to develop crowdfunding
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    • Article, Illustration
      Lock icon Govt reiterates backing for crowdfunding
      411 3  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE government on Monday reiterated its support for crowdfunding as a dynamic financing tool for startups, as well as for the continued growth of innovation and the startup ecosystem here. Low Yen Ling, Parliamentary Secretary for the Ministry of
      411 words
    • Article, Illustration
      Lock icon NLD poised for big victory as ruling party signals defeat
      476 3 AFP Reuters Yangon SUPPORTERS of Aung San Suu Kyi’s pro-democracy party on Monday cheered in growing excitement as early results from Myanmar’s historic election boosted hopes of sweeping gains to carry it to power after decades of military dominance. The
      AFP; Reuters; PHOTO: AFP  -  476 words
    • Article, Illustration
      Lock icon Rail Corridor ideas: URA picks winning firms; public feedback sought
      1343 4  -  Master Plan and proposals for Choa Chu Kang and the former Tanjong Pagar station selected By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Singapore IMAGINE scaling a rock-climb-ing wall under the PIE viaduct in Mayfair Park at Bukit Timah, or doing yoga
      PHOTO: URA  -  1,343 words
    • Article, Illustration
      Lock icon A rail corridor for all
      364 5 From easier access to the Rail Corridor, to community spaces, and even a rock climbing wall. These are just some proposed ideas for the 24km long Rail Corridor that runs from Woodlands to Tanjong Pagar. BTInfographicsInfographics New northern gateway into the Rail Corridor with a
      Artist impression: Nikken Sekkei, MKPL/Turenscape Team; BT Graphics: Tay Suan Chiang & Lynette Neo  -  364 words
    • Article, Illustration
      Lock icon Sept numbers lift Malaysia’s Q3 GDP forecasts
      439 6  -  Industrial production index grew 5.1%, against a consensus of 3 per cent By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S economy is projected to grow between 4 and 5 per cent in the third quarter following stronger than expected exports and industrial production figures
      PHOTO: AFP  -  439 words
    • Article, Illustration
      Lock icon Think of clean tech as investment with ROI
      1195 7  -  Solar Impulse pilot Bertrand Piccard renews pitch for sustainable energy. By Natalie Koh natksl@sph.com.sg@NataliekohBT IN 2009, Bertrand Piccard, who finished the first non-stop balloon flight around the world back in 1999, gave a Ted Talk where he compared life to a ride
      PHOTO: LAURA NG  -  1,195 words
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      Lock icon Page 2 Advertisements Column 1
      39 2 CONTENTS NEWS Top Stories 2-7 Companies Markets 8-13 Real Estate 14-17 Banking Finance 18-19 Energy Commodities 20 Technology 21 Consumer 22-23 Transport 24-25 Govt Economy 26-33 Focus: Myanmar 34 Shipping Times 35 Opinion 36-37 Life Culture 38 SME 39-40
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      Lock icon Page 7 Advertisements Column 1
      168 7 NOTICES GIBUS LIMITED Company No. *****7 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1)(a)(i) of the BVI Business CompaniesAct, 2004 thatAaron Philip Mullins at 163 Penang Road, #02-03, Winsland House II, Singapore *****3, has been appointed as the voluntary Liquidator of the Company pursuant to
      168 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Jumbo’s Catalist debut shows a winning recipe
      410 8  -  Stock jumps to 58% gain before ending trading at S$0.34, 36% above the offer price By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore NO sideways move here: Jumbo Group’s Catalist float got off to a spicy start on Monday, as the stock sailed to the
      PHOTO: AFP  -  410 words
    • Article
      Lock icon Ascott’s global fund acquires prime Paris, Tokyo properties for US$104m
      255 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Ascott’s US$600 million serviced residence global fund a 50:50 joint venture with the Qatar Investment Authority (QIA) has acquired two prime properties in Paris and Tokyo for US$104 million. The Ascott is the
      255 words
    • Article
      Lock icon Boustead-led tie-up to acquire energy asset in Indonesia
      284 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BOUSTEAD, together with One North Energy Private and Lamara Energy, has entered into an agreement with ASX-listed Triangle Energy (Global) to acquire TEG’s 100 per cent stake in the Pase Production Sharing Contract (PSC) in Aceh,
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    • Article
      Lock icon Lawsuit blows hole in QT Vascular’s Q3 balance sheet, bottom line
      332 8  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore QT VASCULAR fell into negative equity and posted a ballooned net loss of US$33.3 million for the third quarter as the company fully provided for damages that it may have to pay after
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    • Article, Illustration
      Lock icon Jumbo, Tiger and NOL offer highlights in otherwise quiet market
      556 9  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE debut of Jumbo Group, the general offer by Singapore Airlines (SIA) for Tiger Airways and Neptune Orient Lines’ announcement that it is in takeover talks were on Monday the main features of
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    • Article
      Lock icon GAINERS
      72 9 BY CENTS CLOSE UP 52w high/low IPC Corp 177 37.0 26.4 210/125.5 Venture Corp 853 26.0 3.1 867/749 DBXT CSI300 US$ 1014 17.1 1.2 1471/702 DBXT E50 US$ 4862 15.7 0.2 5300/4350 Riverstone 229 15.0 7.0 230/93.5 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2 100.0 0.1 0.7/0.1 WE
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    • Article
      Lock icon LOSERS
      79 9 BY CENTS CLOSE DOWN 52w high/low DBS Bk 4.7% NCPS ***** -240.0 -2.2 *****/***** GLD US$ ***** -193.8 -1.3 *****/***** SPDR S&P500 US$ ***** -173.9 -0.6 *****/***** SPDR DJIA US$ ***** -114.0 -0.4 *****/***** Lyxor MS India US$ 1488 -105.5 -4.7 1840/1332 BY PERCENTAGE CLOSE DOWN 52w high/low Suntar
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    • Article
      Lock icon MOST ACTIVE
      33 9 VOLUME Jumbo 77,807,200 Spackman 76,694,600 Tigerair 76,548,700 NOL 44,994,600 New Silkroutes 40,687,600 Market volume 1,297,594,000 VALUE Singtel 93,833,216 DBS Grp 86,752,675 OCBC Bank 54,285,103 CapitaLand 53,911,391 NOL 49,004,869 Market value 1,012,867,000
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    • Article, Illustration
      Lock icon NOL surges on merger talks but eases on divided views
      521 9  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES in Neptune Orient Lines surged to a high of S$1.125 on Monday, up S$0.08 from the previous close, but ended the day at S$ 1.055, as the market remains divided in its
      521 words
    • Article, Illustration
      Lock icon SIA’s privatisation of Tiger could lead to smoother ride for both
      1063 10  -  HOCK LOCK SIEW By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AT last year’s annual general meeting for Tiger Airways, a shareholder described the beleaguered budget carrier as the stepdaughter who has never been allowed into the main house. On Friday,
      1,063 words
    • Corporate digest
      • Article
        Lock icon Courts Asia
        98 10 COURTS Asia’s net profit more than trebled to S$6 million from S$1.7 million for the electronics and furnishings retailer’s fiscal second quarter on the back of stronger sales in Malaysia. On a per-share basis, earnings for the three months ended September rose to 1.13 Singapore cents. Net profit
        98 words
      • Article
        Lock icon Aspial Corp
        90 10 ASPIAL Corp’s third-quarter net profit fell 75 per cent on higher expenses and for-eign-exchange translation losses. Net profit for the three months to September dropped to S$1.9 million, or 0.1 Singapore cent per share, the jewellery retailer and property announced on Monday after the market closed. Revenue rose
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      • Article
        Lock icon Auric Pacific Group
        29 10 AURIC Pacific Group expects to report a “significant” third-quarter loss because of impairments and cost provisions, the food retailer announced on Monday after the market closed.
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      • Article
        Lock icon Singapore Airlines
        67 10 SINGAPORE Airlines will fly directly between Singapore and Dusseldorf three times a week from July 21, 2016, Singapore's national air carrier announced on Monday after the market closed. The flights will operate on the new Airbus A350-900 planes, of which SIA has ordered 67, with the first to
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    • Article, Illustration
      Lock icon FCL’s Aussie unit a potential asset pipeline for Singapore Reit
      652 11  -  But acquisitions likely to happen only in the medium to long term FRASERS CENTREPOINT By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE recently minted retail business unit of the Australian arm of Frasers Centrepoint Limited (FCL) could potentially provide a pipeline
      FILE PHOTO  -  652 words
    • Article
      Lock icon Potential investment in Golden Land gets nod
      238 11  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE board of Frasers Centrepoint Ltd (FCL) has approved a potential strategic investment in Golden Land Property Development Public Company (Gold), which is listed on the Stock Exchange of Thailand. FCL will invest 4.97 billion baht (S$196
      238 words
    • Article, Illustration
      Lock icon Ezra seeking approval from noteholders on resolutions
      290 11  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore EZRA Holdings has launched a consent solicitation in relation to two series notes due 2016 and 2018. The company is convening meetings with noteholders of each series, seeking approval on certain resolutions. These resolutions are to align
      FILE PHOTO  -  290 words
    • Article
      Lock icon STI STOCKS
      309 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 227 -3 229/225 271 213 6.4 5744.1 CapitaLand 314 -9 324/312 379 267 11.5 2.9 *****.9 CapitaMall Trust 194.5 -2 197/194 228 184.5 5.6 6759.4 CityDev 790 -11 811/786 1095 759 9.5
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    • Article
      Lock icon SGX ETFs Most Active
      108 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US674 -13 728 674/666 1000/648 674/678 84.3 STI ETF 304 -1 162 307/303 355/280 303/304 UETF SSE50China 258 +8 114 262/257 340/160 258/260 80.6 DBXT MSINDO us$ US1127 -38 26 1165/1127 1492/911
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      802 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 9 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Tee Land 05-Nov-15 Phua Chian Kin Buy 60 0.20 ***** 4.73 ***** 4.74 Tee Land 05-Nov-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 5 8 2 0 0 0 5 8 2 Manufacturing 31 54 29 8 7 12 39 61 41 Commerce 18 19 18 5 4 3 23 23 21 Tpt/Stor/Comms 9 18 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,130 14,130 39,495 39,495 Manufacturing 102,548 79,959 182,507 88,699 5,718 94,417 Commerce 93,576 34,450 128,026 70,627 2,477 73,104 Tpt/Stor/Comms 210,813 210,813 236,966 236,966 Finance 20,010 78 20,088 206,522 11 206,534 Construction 9,306 1,697 11,003 2,365
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Nov 9 VALUE CLOSE BT OB/OS -449.00 -81.00 BT CADI -*****.00 -53.00 BT 10-day MA -*****.00 -45.00 FTSE ST Mid Cap 702.22 -1.14 FTSE ST Small Cap 427.31 +1.66 FTSE ST All Share 726.74 -1.84 FTSE ST China Top 181.25 -0.28 FTSE ST China 219.86 -0.73 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE IPC Corp 1,812.1 1.770 +0.370 +26.43 Casa 56.0 0.140 +0.019 +15.70 Suntar Eco-City 120.0 0.062 -0.048 -43.64 Koon 156.5 0.123 +0.014 +12.84 Teho Intl 30.0 0.139 +0.020 +16.81 Spackman 76,694.6 0.106 +0.012 +12.77 SBI Offshore 5,676.0 0.205 +0.010 +5.13 UG Healthcare 1,806.4 0.380 +0.030 +8.57
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Nov-6 Price Net change change Last Trade Agricultural Nov-6 CBOT Soybeans (US cents/bu) 871.25 3.50 0.40% 13/11/2015 CBOT Soybean Oil (US cents/lb) 28.04 0.21 0.75% 14/12/2015 CBOT Wheat (US cents/bu) 523.25 -3.00 -0.57% 14/12/2015 Nov-6 LIFFE Cocoa (£/tonne) 2233.00 10.00 0.45% 14/12/2015 LIFFE Coffee (US$/tonne) 1574.00 -63.00 -3.85%
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    • Article
      Lock icon PALM OIL
      57 13 Nov 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2218.0 2235.0 2227.0 2218.0 11 1891 Dec 15 2302.0 2291.0 2302.0 2260.0 1758 ***** Jan 16 2342.0 2382.0 2384.0 2342.0 ***** ***** Feb 16 2395.0 2430.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 GOVERNMENT BONDS Nov 9 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.11 100.16 100.16 5-Year N*****0S 2.000 01-Jul-20 99.5 99.78 99.55 10-Year NX*****Z 2.375 01-Jun-25 97.22 97.45 97.10 15-Year NZ*****F 2.875 01-Sep-30 98.86 99.28 98.85 20-Year NZ*****V 3.375 01-Sep-33 104.96
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Nov 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0045 1.0058 0.7048 0.7055 Canadian dollar 1.0731 1.0740 0.7533 0.7530 Euro 1.5344 1.5353 1.0766 1.0769 NZ dollar 0.9335 0.9345 0.6550 0.6555 Sterling pound 2.1489 2.1502 1.5078 1.5082
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      203 13 Most active Nov 9 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****4 11.7 -0.1 5840 0.1 1880 5 Ntegrator Intl Ltd W*****3 0.6 0.1 4893 1 2 7 Rowsley Ltd W*****3 3.5 -0.1 4724 1 18
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      365 13 In local curr In S$ In US$ dy yr dy yr dy yr Nov 6 Index Change Change Change Change Change Change World Preliminary 1308.7 -0.2 2.6 0.3 6.5 -0.6 -0.6 EAFE Preliminary 1037.8 0.3 5.2 0.1 5.2 -0.8 -1.8 Europe Preliminary 1456.6 0.2 5.4
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        22 13 YTD change: -10.92% 52-week high: 3,539.95 on April 15, 2015 52-week low: 2,787.94 on Sept 29, 2015 Source: Bloomberg
        Source: Bloomberg  -  22 words
      • Article, Illustration
        Lock icon Hang Seng Index
        21 13 YTD change: -3.72% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,556.60 on Sept 29, 2015 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 13 YTD change: +12.74% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,450.99 on Nov 07,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +12.56% 52-week high: 20,868.03 on June 24,2015 52-week low: 16,755.32 on Dec 16,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 13 YTD change: +0.49% 52-week high: 18,312.39 on May 19,2015 52-week low: 15,666.44 on Aug 25,2015 (Chart shows Friday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon S’pore’s prime property market weakest in world
      568 14  -  Prices extend slide in Q3 with 7.9% fall, but decline has slowed from 15.2% in Q2 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE is home to the weak-est-performing luxury residential market for the seventh consecutive quarter, according to the Knight Frank Prime Global
      Source: Knight Frank  -  568 words
    • Article, Illustration
      Lock icon Two adjoining shophouses in Chinatown for sale
      315 14 Singapore TWO adjoining commercial shophouses in Chinatown have been put up for sale at an indicative asking price of S$30 million. The units, 54 and 56 Pagoda Street, are on the main pedestrian thoroughfare in the heart of Chinatown. They have a combined
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    • Article
      Lock icon Canadian housing starts drop in October
      101 14 Reuters Toronto CANADIAN housing starts slipped in October from a strong level in September, suggesting a long-awaited slowdown in homebuilding may have begun, a report from the national housing agency showed. The report from the Canadian Mortgage and Housing Corp showed that the seasonally
      Reuters  -  101 words
    • Article, Illustration
      Lock icon Builder’s suicide puts spotlight on red tape
      1135 15 Indian developers pushing for change in the country’s byzantine approvals processes Bloomberg Mumbai THE death of Indian property developer Suraj Parmar might have been a quiet tragedy had it not been for the 13-page suicide note he left behind. The document outlining alleged
      Bloomberg; PHOTO: REUTERS  -  1,135 words
    • Article, Illustration
      Lock icon Communities turn to land trusts as costs rise
      1032 16 Local non-profit organisations acquire properties to create permanently affordable housing NYT New York AT the Hog Island Oyster Company in Marshall, California, diners eat at picnic tables overlooking Tomales Bay, where oysters and clams grow just offshore. But while lunch reaches your
      NYT; PHOTO: NYT  -  1,032 words
    • Article, Illustration
      Lock icon Rise of luxury towers dims de Blasio’s shine
      1024 17 Disenchantment with the mayor grows as US$20m apartments crowd out affordable housing and New York neighbourhoods disappear NYT New York WHEN Lynn Ellsworth moved to New York in the 1970s, before she went on to get a doctorate in economics, she lived
      NYT; PHOTO: NYT  -  1,024 words
    • Article
      Lock icon Kempinski hotel chain accuses ex-CEO of stealing 6m francs
      332 17 AFP Geneva THE Swiss luxury hotel chain Kempinski is pressing criminal charges against its former president and chief executive officer Reto Wittwer, who is suspected of embezzling around US$6 million, it confirmed on Sunday. A spokeswoman for the group, headquartered in
      AFP  -  332 words
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  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      124 15 RENT SALE Bedazzled! Black White Holland Avillafeel,aluxuriousvintagepiece,ablackandwhite themewithtotalcomfortandeveryelementofmodern finishyoucouldhopefor.NestlednearHollandVillage, itssensationaleleganceandclassicfeaturescombinethe whispersofyorewithseductionalamode.Apristine finish,aneasygenerousflowoflayout,anunbeatablelocation.Pool,lawns,patios,5bedrooms, allensuite.Comeandbedazzled. Call+65 *****190 email: susan@isabelredrup.com See our amazing slideshow on: www.isabelredrup.com/ir4a.php FOR Agency Licence No: L*****87E CEA Registration No: R*****2I www.isabelredrup.com A boutique real estate agency AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need
      124 words
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  • BANKING & FINANCE
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Iron ore derivatives trade booms as prices tank and hedging rises
      499 20 Producers driven to hedge to manage risk alongside speculators betting prices will fall further Reuters Manila TRADING volumes for iron ore derivatives have more than doubled this year from 2014 and are set to climb further, driven by a
      Reuters; PHOTO: BLOOMBERG  -  499 words
    • Article
      Lock icon Apache said to have received unsolicited bid
      402 20 Bloomberg London APACHE Corp, the oil and natural gas company worth more than US$18 billion, has received an unsolicited takeover approach, according to people familiar with the matter. The Houston-based company rejected the initial offer and is working with financial adviser Goldman Sachs
      Bloomberg  -  402 words
    • Article
      Lock icon Adani mine in Australia faces fresh challenge
      370 20 Reuters Sydney INDIAN conglomerate Adani Enterprises is facing possible further delays in constructing a giant coal mine in Australia after an environmental group lodged a fresh legal challenge on the grounds that the project would harm the Great Barrier Reef and contribute to
      Reuters  -  370 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Cheap fare helps Tencent beat China’s growth
      677 21 Free streaming of TV and video games to QQ, WeChat users likely to boost firm’s sales by 28% Bloomberg Hong Kong IN China’s slowing economy, billionaire Ma Huateng is finding growth by supplying cheap entertainment to the masses. Smartphone games for the billion
      Bloomberg; PHOTO: REUTERS  -  677 words
    • Article
      Lock icon Eye-tracking sensor maker eyes video-game industry
      705 21 Reuters Stockholm AN accidental breakthrough in a Stockholm laboratory 15 years ago could reap a fortune for the engineers who made it as long as they can win over some of the most demanding consumers: video gamers. Since John Elvesjo noticed a sensor tracking
      Reuters  -  705 words
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  • CONSUMER
    • Article
      Lock icon Singles’ Day in China bigger than Cyber Monday
      562 22 Analysts expect sales to surge to a new record after last year’s 57.1b yuan within 24 hours Bloomberg Shanghai SINGLES’ Day, a twist on Valentine’s Day, started in China in the 1990s as an obscure holiday but has snowballed into a consumer
      Bloomberg  -  562 words
    • Article, Illustration
      Lock icon Coloured diamonds set to bust records at Geneva auctions
      663 22 AFP Geneva HUGE blue and pink diamonds, the star attractions at major jewel auctions in Geneva in the coming days, are expected to fetch tens of millions of dollars and possibly set new world records. The anticipated sales prices for the
      AFP; PHOTO: AFP  -  663 words
    • Article, Illustration
      Lock icon Video game awards snub television
      876 23 The Game Awards on Dec 3 will be streamed over the Internet NYT Los Angeles MOVIES have the Oscars, music has the Grammys and both have television, which brings the awards shows to tens of millions of viewers with their live broadcasts. The video game
      NYT; PHOTO: NYT  -  876 words
    • Article
      Lock icon Nestle’s Maggi noodles back on sale in India
      283 23 AFP Mumbai NESTLE’s hugely popular Maggi noodles returned to shelves in India on Monday, five months after the government banned them saying lead levels were too high. “We are delighted to announce that your beloved Maggi noodles is back. The roll out
      AFP  -  283 words
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  • TRANSPORT
    • Article
      Lock icon Whistleblower behind CO2 cheating disclosure: VW
      673 24 Carmaker looks determined to get to the bottom of the wrongdoing NYT Frankfurt VOLKSWAGEN’S (VW) recent disclosure that it reported false fuel economy and carbon dioxide (CO2) readings to European regulators was prompted by an internal whistleblower, the company said on Sunday. VW admitted
      NYT  -  673 words
    • Article
      Lock icon Lufthansa cancels almost 1,000 flights for Monday as strikes expand to Munich
      310 24 Bloomberg Berlin DEUTSCHE Lufthansa AG cancelled almost 1,000 flights for Monday after a union for its striking cabin crews announced plans to expand its work stoppages to Munich airport. The airline said it was ready to resume labour
      Bloomberg  -  310 words
    • Article, Illustration
      Lock icon Investigators are ‘90% sure’ bomb downed Russian plane in Egypt
      565 24 Reuters Cairo INVESTIGATORS of the Russian plane crash in Egypt are “90 percent sure” the noise heard in the final second of a cockpit recording was an explosion caused by a bomb, a member of the investigation team told Reuters
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    • Article
      Lock icon The real cattle class: Cows on a 747 to China
      788 25 First airlift of 150 animals from Australia comes amid soaring demand for fresh beef in China Bloomberg Sydney NEXT time you’re stuck on a long-haul flight in a packed, eco-nomy-class cabin, being ignored by a frazzled flight attendant, spare a
      Bloomberg  -  788 words
    • Article, Illustration
      Lock icon Boeing ends order drought at Dubai show with US$8b 737 deal
      498 25 Bloomberg New Delhi BOEING Co announced an order for 75 of its 737 single-aisle airliners with a list price of about US$8 billion from India’s Jet Airways, ending a sales drought at the Dubai Air Show. The order, which
      Bloomberg; PHOTO: BLOOMBERG  -  498 words
    • Article
      Lock icon SHIPPING TIMES
      794 35 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
      794 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon India seen emerging as winner from Asia’s shrinking labour force
      570 26 It will account for 18.8% of global work force by 2050, toppling China from top spot Bloomberg Mumbai ASIA’S work force is set to shrink over coming decades with India overtaking economic rival China as the region’s biggest source of
      Bloomberg; PHOTO: BLOOMBERG  -  570 words
    • Article, Illustration
      Lock icon Soul-searching for Modi after crushing poll defeat in Bihar
      728 26 Reuters New Delhi INDIAN Prime Minister Narendra Modi met leaders of his party on Monday to discuss whether to overhaul policies and priorities in the wake of a humiliating defeat in elections in the eastern state of Bihar. Mr Modi and
      Reuters  -  728 words
    • Article, Illustration
      Lock icon Fed rate hike seen as irrelevant in US$2.6t slice of debt market
      1039 27 Unprecedented shortfall in Treasury bills expected to keep money-fund rates low Bloomberg New York THE blowout US jobs report for October means the Federal Reserve may be weeks away from raising interest rates. For US savers earning next
      Bloomberg; PHOTO: BLOOMBERG  -  1,039 words
    • Article, Illustration
      Lock icon Deja vu for Draghi as ECB debates if more stimulus is needed
      864 28 Emerging-market slowdown and low inflation may force him to commit to further easing Bloomberg Zurich MARIO Draghi can’t catch a break. After overcoming a recession, Greece’s debt crisis and a damaged financial system, the European Central Bank (ECB)
      Bloomberg; PHOTO: REUTERS  -  864 words
    • Article
      Lock icon 6.5% a floor for 2016-2020 growth: China official
      287 28 Figure will be base for setting target for five-year period Reuters Beijing CHINA is making 6.5 per cent a floor or minimum level for annual economic growth in 2016 through 2020, a senior Chinese policymaker said on Monday, adding that the figure
      Reuters  -  287 words
    • Article, Illustration
      Lock icon G-20 finalises tools for ending ‘too big to fail’ banks
      561 29 Many key reforms implemented decisively and promptly: FSB’s Mark Carney Reuters London GLOBAL regulators set out their “final tools” on Monday for ending the phenomenon of “too big to fail” banks, seeking to draw a line under a period of
      Reuters  -  561 words
    • Article
      Lock icon German trade rebounds in Sept after Aug plunge
      245 29 Reuters Berlin GERMAN exports and imports bounced back in September after plunging in the prior month but failed to allay concerns that a slowdown in emerging markets will leave its mark on Europe’s largest economy. The Federal Statistics Office reported on Monday
      Reuters  -  245 words
    • Article, Illustration
      Lock icon Japan’s wages rise for seventh straight month but growth seen as low
      409 29 Bloomberg Tokyo REGULAR wages in Japan rose for a seventh consecutive month as the government of Prime Minister Shinzo Abe presses businesses to boost salaries. Base pay climbed 0.4 per cent in September from a year earlier, the
      Bloomberg; PHOTO: REUTERS  -  409 words
    • Article, Illustration
      Lock icon UK ‘Brexit’ vote likely in June if Cameron gets EU deal on reforms
      563 30  -  British PM to publish letter on Tuesday spelling out details of the UK’s demands By Neil Behrmann btworld@sph.com.sg London THE UK referendum on whether to remain in or exit the European Union (EU) could take place in
      PHOTO: BLOOMBERG  -  563 words
    • Article
      Lock icon Xi to attend Apec summit amid sea disputes
      370 30 Reuters Beijing CHINESE President Xi Jinping will attend a summit of the Asia-Pacific Economic Cooperation (Apec) group next week, the Foreign Ministry said on Monday, amid tensions between China and the Philippines over the disputed South China Sea. The Apec meeting will
      Reuters  -  370 words
    • Article
      Lock icon Eurozone decides not to release new money for Greece
      374 30 Reuters Brussels EUROZONE finance ministers will not release a two billion euro (S$3.06 billion) tranche of loans for Greece on Monday because there is still no agreement with Athens on several reforms, but a deal could be struck this week, top
      Reuters  -  374 words
    • Article, Illustration
      Lock icon The sky-high costs of raising kids in China
      769 31 Financial realities may prevent big jump in fertility rate despite new, two-child policy Bloomberg Beijing CHINA’S Communist Party rolled back its long-standing one-child policy last month in an attempt to halt a declining birth rate but population economists are expecting another equally
      Bloomberg; PHOTO: AFP  -  769 words
    • Article
      Lock icon Vietnam set to blaze ahead but faces ‘hollowing out’
      592 31 Bloomberg Hanoi VIETNAM’S export-driven economy is set to grow at its fastest pace in eight years in 2015, and foreign firms in the country are riding the wave, leaving local companies lagging far behind. Foreign-owned businesses shipped 70 per cent of
      Bloomberg  -  592 words
    • Article, Illustration
      Lock icon Thai general’s US$83b plan to clean up border town Mae Sot
      1382 32 Special economic zones, tax breaks offered to investors to develop former war zones Bloomberg Sydney FOR much of the past century, the Thai border town of Mae Sot stood on one of Asia’s wilder frontiers. On the opposite bank
      Bloomberg; ST FILE PHOTO  -  1,382 words
    • Article, Illustration
      Lock icon No end in sight to US immigration horrors
      1377 33 After US$1b, plan to replace archaic paperwork with digitised records, online applications shows almost no results WP Washington HEAVING under mountains of paperwork, the government has spent more than US$1 billion trying to replace its antiquated approach to managing immigration with a
      WP; PHOTO: AFP  -  1,377 words
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  • FOCUS: MYANMAR
    • Article, Illustration
      Lock icon Watershed moment for a champion of democracy
      772 34 After decades of house arrest, Aung San Suu Kyi’s vision of displacing the junta is in reach AFP Yangon THE last time Myanmar held a nationwide election, Aung San Suu Kyi languished under house arrest while her party’s landslide win was simply ignored
      AFP; PHOTO: BLOOMBERG  -  772 words
    • Article
      Lock icon Returnees filled with great hope – and some anxiety
      819 34 Returnees filled with great hope and some anxiety WP Yangon TEA shops were once among the few places in Myanmar during the country’s repressive regime where neighbours could gather and talk in relative freedom about current events. Htet Myet Oo, 25, a restaurateur who returned to his country from England
      WP  -  819 words
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  • OPINION
    • Article, Illustration
      Lock icon Singapore in the new financial order
      1204 36 / 37  -  Its growing financial cooperation with China will help its development as a key hub for global capital flows increasingly directed towards China. By Woo Jun Jie By Woo Jun Jie ~The writer is an assistant professor in the School of Humanities and Social Sciences,
      PHOTO: AFP  -  1,204 words
    • Article
      Lock icon Oil megaprojects won’t stay on the shelf for long
      775 36 / 37  -  By Nick Cunningham ~The writer is a Vermont-based writer on energy and environmental issues OIL PRICE.COM ONE casualty of the oil price downturn could be the megaproject. For years, as conventional oil reserves became depleted and increasingly hard to find, oil
      OILPRICE.COM  -  775 words
    • Article
      Lock icon Protecting the retail investor
      163 36 / 37  -  LETTER TO THE EDITOR Ong Sze Chong I REFER to the letter from Jimmy Ho, “MTP initiative hurts retail investors: SRS” (Nov 6) and could not agree more with him. The minimum trading price is strictly an exercise by an exchange to streamline the pricing of
      163 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Seismic shift in what Americans eat
      986 38 US food giants struggle to keep up as people across the US shun their products amid changing eating habits NYT New York IT’S easy to make fun of people in big US cities for their obsession with gluten, or chia seeds, or cleanses. But
      NYT; PHOTOS: NYT  -  986 words
  • Page 38 Miscellaneous
    • Miscellaneous
      Lock icon Page 38 Miscellaneous Column 1
      302 38 CRYPTIC CROSSWORD Across 3 Number touring notice pub, shabby in appearance (10) 8 Nurse, not hot in shady garden alcove (6) 9 Before end of truce, tries again to go over (8) 10 Charm one’s way in (8) 11 Football League initially probing Premier League club complaint? (3,3) 12 Exactly
      302 words
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  • SME
    • Article, Illustration
      Lock icon c-Leadership in new competitive environment
      1380 39  -  This new style is viewed by academics and others as revolutionary, refreshing and intriguing. By Joseph Ong ~The writer is the founder and managing director of the One Rochester Group and author of ‘Remote Entrepreneurship’ THE October issue of Harvard Business Review has a stirring
      PHOTO: AZIZ HUSSIN / THE STRAITS TIMES  -  1,380 words
    • Article, Illustration
      Lock icon Building success with humility
      1243 40  -  Superior quality of Seiko Architectural Wall Systems’ products has helped it carve a name in the construction industry By Bao Zekun, Olivia Ng, Toh Teng Wei, Wong Shu Xian ~The writers are students of NUS Business School NO metropolis is complete without the building facades outlining
      PHOTO: YEN MENG JIIN  -  1,243 words
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