The Business Times, 9 October 2014, Afternoon Edition

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Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    29 1 THE BUSINESS TIMES S$1. S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O DoBlBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Thur y 9
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  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 3,226.71 -17.28 KL COMP 1,824.32 -9.22 NIKKEI 225 15,595.98 -187.85 HANG SENG 23,263.33 -159.19 SHENZHEN B 976.20 -3.43 DOW(noon EDT) 16,729.50 +10.11
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  • Article, Illustration
    Lock icon DAILY DIGEST
    239 1 Investors are flocking to take cover under Singapore bonds umbrella as clouds gather over the global economy.TOP STORIES 2 The IMF has warned that financial markets could be ‘underpricing risk’ in an environment in which easy-money policies may have bred a false sense of security.TOP STORIES 6 The
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  • Article, Illustration
    Lock icon Abysmal sales deal body blow to agencies
    1162 1  -  More than 60 exit property business in 2013; over half of the remainder expected to sink into the red By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore WITH private residential sales falling off a cliff following several rounds of cooling measures, even some of Singapore’s
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      210 1 *****4 PROPERTY TENDER Chinese Nanshan Group tops bids for Bishan site REAL ESTATE 16 OFFICE SPACE Samsung Hub’s 19th floor sold at S$3,175 psf REAL ESTATE 22 CARS Yen slide no big dent on prices top stories 4 ONLINE ONLY The BT COE Tracker: an interactive chart with latest results
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  • TOP STORIES
    • Article, Illustration
      Lock icon S’pore bonds finding new love as safe-haven asset
      710 2  -  Fixed income index outperforms STI for a second time since July, gaining 0.22% last week against a 1.18% decline in equity market By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore INVESTORS are flocking to take cover under Singapore bonds umbrella amid gathering clouds
      Source: Thomson Reuters Datastream  -  710 words
    • Article, Illustration
      Lock icon New BT hits the mark with many readers
      593 2  -  They like cleaner new look, navigational ease offered by topics and design aesthetics By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE old Dylan song goes “The Times, They Are A-Changin’”, and The Business Times knows this. Gone are the days when one
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    • Article
      Lock icon Consistel keen to enter Singapore mobile market
      405 2  -  The wireless systems installer joins MyRepublic in wanting to be the fourth telco in Singapore By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN WHAT is bound to be good news for Singapore mobile phone users, another company has expressed an interest in becoming
      405 words
    • Article, Illustration
      Lock icon ¥ slide: No big dent on car prices
      608 4  - slide: No big dent on car prices The COE premium still forms the bulk of car prices, and cars made outside Japan are often traded in US$, say dealers By Samuel Ee samuelee@sph.com.sg Singapore IT WILL be difficult for buyers of Japa-nese-made models here to determine the exact reduction in
      FILE PHOTO  -  608 words
    • Article
      Lock icon Not so happy hours ahead for brewers
      496 4  -  MALAYSIA BUDGET By Pauline Ng btworld@sph.com.sg Kuala Lumpur REGARDLESS of whether brewers are hit with additional duties in Malaysia’s 2015 budget come Friday, happy hour appears over amid weaker consumer spend and an impending 6 per cent consumption tax in April that is
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    • Article, Illustration
      Lock icon SMU professor points to productivity ‘disconnect’
      619 6  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WHEN it comes to productivity, there is “a big disconnect between aspirations and achievements” in Singapore, said Singapore Management University economics professor Augustine Tan on Wednesday. Speaking at a Singapore Business Federation (SBF) panel discussion on economic restructuring,
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    • Article, Illustration
      Lock icon IMF gives cautious read of 2015 prospects
      522 6  -  Financial markets are under-pricing risk in easy-money environment, it says By Anthony Rowley btworld@sph.com.sg Washington THE International Monetary Fund (IMF) has issued a guarded assessment of global economic prospects for the coming year, and warned that financial markets could be “un-der-pricing risk” in
      PHOTO: REUTERS  -  522 words
    • Article
      Lock icon One year on, closure remains elusive for penny stock saga
      1227 8  -  Market is still confounded over what had triggered the meltdown and has yet to recover from the assault PENNY RECOUNT By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore OCTOBER 2013. A sudden, epic fall in three penny stocks Asiasons Capital, Blumont Group
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    • Article, Illustration
      Lock icon The pounding of the pennies
      693 8 In Singapore’s blue chip-dominated stock market, penny stocks often make a lot of noise but little impact on the overall market. All of that changed on Oct 4,2013, when the unexpected collapse of a number of stocks sparked a sell-off among smaller counters and a
      Source: Bloomberg, Shareinvestors.com, Singapore Exchange, Hong Kong Exchanges and Clearing, company announcements and annual reports; BT Graphics: Kenneth Lim, Simon Ang & Jonathan Goh  -  693 words
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      122 2 fcc 5 SMU SINGAPORE MANAGEMENT UNIVERSITY School of Law HERBERT SMITH freehills f •Be Pm S5SB3EE ■m 7.m3 refit m m w ■B Herbert Smith Freehills SMU Asian Arbitration Lecture 2014 Investment Arbitration under the Spotlight What Next for Asia? Speaker: Mr Fall Nariman Senior Advocate of the Supreme Court
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      31 2 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      31 words
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      294 4 EXPERIENCE A QUANTUM LEAP IN YOUR BUSINESS WITH DIGITAL EDUTAINMENT MARKETING MASTERCLASS Win over your prospects and customers with increased awareness, increased leads and ultimately increased sales! WHAT IS DIGITAL EDUTAINMENT MARKETING? Digital edutainment marketing is a strategy in which your target audience is educated through content marketing while being
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      70 6 Premium Perspectives Everyone has a different way of looking at things. The new Business Times taps into a wide network of opinion leaders to bring you views that matter. When you open your mind to collective intelligence, you will see new possibilities. www.BusinessTimes.com.sg www.facebook.com/TheBusinessTimes follow us ©BTbreakingnews To subscribe, call
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  • CONSTRUCTION PRODUCTIVITY
    • Article, Illustration
      Lock icon Game changers
      1000 9  -  Groundbreaking technologies are helping to boost productivity in Singapore’s built-environment sector. SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 ByFRANCIS ByFRANCIS KAN IMAGINE a room complete with internal finishes, fixtures and fittings that had been built from scratch in a factory, and then transported to a construction site for installation, just
      PHOTO: BCA  -  1,000 words
    • Article
      Lock icon A productive gathering
      263 9 SINGAPORE Construction Productivity Week (SCPW) 2014 is an annual event for the built-environment sector to share knowledge on construction productivity and to learn from best practices and new technologies. Hosted by the Building and Construction Authority (BCA), SCPW will be held from Oct 13 to 16, during
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  • Page 9 Advertisements
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      72 9 Presented by: As part of: mm A I SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 BUILD SMART FOR A FUTURE READY SINGAPORE 13-16 OCTOBER 2014 Singapore Expo Hall 3 4 Max Atria National Productivity Month 2014 The Singapore Construction Productivity Week 2014 is an annual event for the built environment sector to
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon OSIM stock dives; analyst points to possible earnings worries
      375 10  -  Shares fall 9.8% over two days, prompting SGX query and a subsequent ‘trade with caution’ advice HOT STOCKS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE stock of lifestyle products group OSIM International, a long-time market darling, traded sharply lower on Wednesday
      Source: Bloomberg  -  375 words
    • Article
      Lock icon Falling oil prices hit M’sian oil & gas stocks
      508 10  - Falling oil prices hit M’sian oil gas stocks By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIAN oil and gas stocks were hammered in a frenzy of selling on Wednesday as fears over sliding global oil prices persuaded investors to flee the counters. Global oil prices have slumped nearly 20 per cent
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    • Article
      Lock icon Dual-listed EMAS Offshore makes dull debut on SGX
      537 10  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore EMAS Offshore started trading on the Singapore Exchange on Wednesday on a disappointing note, closing at nearly 14 per cent below its IPO price. Only 948,000 shares were traded. The associated firm of Ezra Holdings, which
      537 words
    • Article, Illustration
      Lock icon Call to Singapore accounting firms to hire more non-accountants
      599 11  -  Sector is doing well in gender diversity but needs a diversified talent pool, says Singapore Accountancy Commission By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore IT is time for public accounting firms in Singapore to rethink their hiring practices and take on more
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    • Article
      Lock icon Nam Cheong sees record OSV deliveries in 2014-15
      256 11 BLOOMBERG Singapore NAM Cheong Ltd, Malaysia’s biggest builder of offshore support vessels (OSVs), expects record deliveries this year and next as the company’s focus on shallow-water oil search products helps it withstand a drop in crude-oil prices. Nam Cheong expects to hand
      BLOOMBERG  -  256 words
    • Article
      Lock icon GLP links up with equity investment arm of Chinese bank
      285 11  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore GLOBAL Logistic Properties’ (GLP) has entered into a strategic partnership deal with China Development Bank Capital (CDB Capital) to become its major partner for logistics infrastructure development. The Singapore-listed logistics facilities provider said on
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    • Article, Illustration
      Lock icon Removal of one-share-one-vote rule
      658 12  -  Different share classes allow public firms more flexibility in raising capital; offer investors a wider range of choices By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore PUBLIC companies in Singapore will soon be able to offer shares with multiple voting rights, as parliament approved a bill on Wednesday
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    • Article
      Lock icon Global Yellow Pages inks first property deal
      609 12  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore GLOBAL Yellow Pages, in its first-ever deal in the real estate sector, is planning to buy a shopping mall and its accompanying land in New Zealand. This, however, will be done in a roundabout way, through an
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    • IN BRIEF
      • Article
        Lock icon CapitaMalls Malaysia Trust gets new CEO
        60 12 CapitaMalls Malaysia Trust (CMMT) has announced that Sharon Lim, CEO of the trust manager CapitaMalls Malaysia Reit Management, has resigned for personal reasons. She will be succeeded by her deputy, Low Peck Chen, from Nov 1. “Ms Lim will help facilitate the leadership transition
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      • Article
        Lock icon MLT buys two assets in China for 402.8m yuan
        54 12 MAPLETREE Logistics Trust has completed the acquisitions for two logistics parks in Shanghai and Zhengzhou in China for a total amount of 402.8 million yuan (S$83.9 million). Both are fully funded by debt; MLT’s total leverage ratio has therefore risen to
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      • Article
        Lock icon Raffles Education to list subsidiary in Hong Kong
        50 12 RAFFLES Education will be spinning off a subsidiary, Oriental University City Holdings (HK), on the Growth Enterprise Market on Hong Kong’s stock exchange. The listing is subject to clearance from Singapore Exchange and the approval of the Stock Exchange of Hong Kong.
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      • Article
        Lock icon Sino Grandness gains Thai investors
        56 12 SINO Grandness Food Industry Group is issuing a total of 86 million new ordinary shares at S$0.61 each to two Thai conglomerates. Thoresen Thai Agencies will hold a 9 per cent stake with its subscription of 60.6 million shares, while PM Group will own 3.77
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    • Article, Illustration
      Lock icon Risky bets are off as year-end approaches
      628 13  -  Fund managers who have done well are likely to play it safe amid market adversities By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore FINANCIAL markets are likely to take risky bets off the table as the year-end approaches, a risk manager says, citing a combination
      PHOTO: AFP  -  628 words
    • Article
      Lock icon SGX-listed small and mid-cap companies form association
      458 13  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore RETAIL investors have the Securities Investors Association (Singapore), or SIAS, and now small and mid-capitali-sation companies too will have an association to represent them, following the official launch of the Small and Middle Capitalisation Companies Association (SMCCA),
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    • Article, Illustration
      Lock icon ST Index tumbles to five-month low
      760 14  -  IMF’s global growth downgrade pulls down Wall Street, as well as Singapore and regional bourses STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE International Monetary Fund (IMF) on Tuesday downgraded its forecasts for global growth, delivering a blow to Western markets and dragging Wall Street
      Source: Bloomberg  -  760 words
    • Article
      Lock icon STI STOCKS
      305 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 223 -1 224/221 250 206 6.4 5634.5 CapitaLand 303 -5 306/302 348 268 15.2 2.6 ***** CapitaMall Trust 191 unch 192/190 209 180 5.4 6623 CityDev 926 -20 938/926 1118 860 12.6
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    • Article
      Lock icon MOST ACTIVE
      36 14 VOLUME IHC 92,389,000 APAC Strategic 39,821,000 MDR 29,854,000 Compact Metal 29,810,000 Oceanus 29,130,000 Market volume 1,372,588,000 VALUE DBS Grp 66,180,855 SingTel 44,360,790 Sembcorp Marine 30,886,250 OCBC Bank 30,634,778 Genting Sing 28,288,310 Market value 910,335,000
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    • Article
      Lock icon SGX ETFs
      110 14 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 327 -1 485 328/326 343/298 326/327 Lyxor Japan US$ US116.4 -1 65 116.4/116.4 125.5/110.4 116/116.2 18.6 Lyxor HSI US$ US295 55 296/292 320/259 291/294 25.7 DBXT MSINDO us$ US1373 -33 54 1387/1371 1600/1110 1372/1376
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Oct 8 VALUE CLOSE BT OB/OS -551.00 -87.00 BT CADI -*****.00 -131.00 BT 10-day MA -*****.00 -55.00 FTSE ST Mid Cap 751.62 -3.01 FTSE ST Small Cap 524.73 -3.98 FTSE ST All Share 783.09 -4.14 FTSE ST China Top 189.93 -0.69 FTSE ST China 221.77 -0.48 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 14 STI FTSE ST All-Share FTSE ST All-Share index Oct8,2014 783.09 -4.14 (-0.53%) Current streak 2 days Day high 784.56 Day low 782.56 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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      Lock icon STI / MSCI EAFE
      33 14 STI MSCI EAFE MSCI EAFE index Oct 8,2014 1,798.85 -9.10 (-0.50%) Current streak 1 day Day high 1,817.84 Day low 1,798.06 52-week high 1,995.49 (July 3, 2014) 52-week low 1,790.27 (Oct 9, 2013)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 3 0 0 0 3 9 3 Manufacturing 31 54 40 7 7 12 38 61 52 Commerce 9 21 21 3 5 5 12 26 26 Tpt/Stor/Comms 6 23 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,826 10,826 44,522 44,522 Manufacturing 218,009 46,759 264,768 129,168 6,961 136,130 Commerce 112,575 27,803 140,378 94,151 1,545 95,696 Tpt/Stor/Comms 70,557 2,475 73,032 112,736 455 113,191 Finance 29,566 304 29,870 141,133 61 141,194 Construction 32,854 31,973
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      Lock icon STI / Catalist
      63 14 STI Catalist Straits Times index Oct 8,2014 3,226.71 -17.28 (-0.53%) Current streak 2 days Day high 3,234.71 Day low 3,223.82 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) ftse ST Catalist index Oct 8,2014 847.06 +2.27 (+0.27%) Current streak 1 day Day high 849.57 Day low
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    • Article
      Lock icon GAINERS
      77 14 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSvEu US$ ***** 278.6 0.8 *****/***** DBXT USDIGInfl US$ ***** 155.9 0.4 *****/***** DBXT iBoxxUSTr US$ ***** 113.8 0.4 *****/***** GLD US$ ***** 111.2 0.7 *****/***** DBXT AUDBonds AU$ ***** 60.7 0.3 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Singapore eDev 0.2
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    • Article
      Lock icon LOSERS
      78 14 BY CENTS CLOSE UP 52w high/low SPDR S&P 00 US$ ***** -209.6 -0.8 *****/***** Lyxor Idonesia US$ 8676 -204.5 -1.8 9636/6957 SPDR DJIA US$ ***** -175.1 -0.8 *****/***** DBXT Nifty US$ ***** -140.6 -0.8 *****/9759 DBXT iBoxxKR US$ ***** -117.6 -0.6 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Ezion
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 14 VOL CLOSE($) CHANGE Techcomp 512.0 0.430 +0.070 +19.44 ES 405.0 0.240 +0.067 +38.73 Pharmesis Intl 141.0 0.039 +0.006 +18.18 VGO 95.0 0.185 +0.085 +85.00 Next-Gen Sat 5,636.0 0.003 +0.001 +50.00 Brooke Asia 163.0 0.133 +0.008 +6.40 MDR 29,854.0 0.007 +0.001 +16.67 Debao Property 488.0 0.033 +0.001 +3.13 InnoPac
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    • BROKERS’ TAKE
      • Article
        Lock icon Sembcorp Marine
        189 14 Buy Oct 8 close: S$3.62 Target price: S$4.18 OCBC Investment Research, Oct 8 Sembcorp Marine’s (SMM) share price has fallen by about 10 per cent since early September, with about half of this drop in the last five trading days. We believe that this is partly due to
        189 words
      • Article
        Lock icon Super Group
        117 14 Buy Oct 8 close: S$1.275 Target price: S$1.55 UOB Kay Hian, Oct 8 In terms of top-line growth, Thailand and Myanmar are likely to decrease slightly to a flat growth whereas Malaysia and Singapore are expected to register modest growth. China is a bright spot, with strong sales
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      • Article
        Lock icon Petra Foods
        144 14  -  Compiled by Kenneth Lim Buy Oct 8 close: S$4.00 Target price: S$4.50 dmg Partners Research, Oct 7 In our recent visits to Jakarta and Manila, we observed Petra is strongly positioned for the structural growth of modern trade channels in its two core markets. Particularly, we believe its
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      • Article
        Lock icon CALENDAR
        26 14 DATA I 2 am US Federal Open Market Committee meeting minutes I 4 pm Singapore COE bidding results I 8.30 pm US initial jobless claims
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    • Article
      Lock icon Dollar drifts up as investors await Fed minutes
      360 15 CURRENCIES REUTERS New York THE dollar inched higher against most major currencies on Wednesday, after losses in the previous sessions, as traders consolidated positions ahead of the release of minutes from the Federal Reserve’s most recent policy meeting. The minutes from the
      REUTERS  -  360 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 15 Oct 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.982 5.396 0.695 6.820 53.997 107.598 0.951 9.443 2.878 1.126 90.123 39.417 1.124 9.857 0.842 26.782 28.681 0.547 0.879 Canada 1.018 5.492
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        Lock icon HANG SENG
        2 15
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        Lock icon SHANGHAI COMPOSITE
        2 15
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        Lock icon DOW JONES
        2 15
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 15 Oct 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1237 1.1240 0.8792 0.8793 Canadian dollar 1.1435 1.1444 0.8953 0.8947 Euro 1.6168 1.6174 1.2650 1.2653 NZ dollar 0.9982 0.9986 0.7810 0.7812 Sterling pound 2.0528 2.0535 1.6061 1.6064
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 15 Oct 8 S$ Bid Offer 1-month 1.2781 1.2783 2-months 1.2781 1.2783 3-months 1.2781 1.2784 6-months 1.2780 1.2783 Source: OCBC
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        Lock icon NIKKEI
        1 15
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        215 15 Most active Oct 8 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2 -0.3 8270 1 18 24 FTSECHINAA50 7600 MBeCW*****7 5.6 0.3 4800 0.0 --1 DBS MB eCW*****6 11.3 -1.2 4420 0.2 1880 3 Compact
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 15 In local curr In S$ In US$ dy yr dy yr dy yr Oct 7 Index Change Change Change Change Change Change World Preliminary 1218.8 -0.8 2.9 -0.7 1.6 -0.6 0.6 EAFE Preliminary 946.8 -1.0 -1.0 -0.6 -5.1 -0.5 -6.1 Europe Preliminary 1340.4 -1.5 -1.1
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        368 15 Oct 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.60 *****.63 *****.81 Dec14 *****.00 *****.00 *****.00 *****.00 *****5 *****2 Mar15 *****.00 *****.00 *****.00 *****.00 2 225 MSCI TAIWAN INDEX FUTURES SPOT 327.11 329.31 325.84 Oct14 328.80 328.80 325.10 325.10 ***** *****7 Nov14 328.20
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 15 Oct 8 $S Offer Bid 0vernight 0.06 0.03 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon SIBOR
        36 15 Oct 8 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 15 Oct 8 Oct 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.05 5-Year N*****0H 1.625 01-Oct-19 100.45 100.50 100.50 10-Year NY*****H 3.000 01-Sep-24 105.94 106.10 105.90 15-Year NY*****E 2.875 01-Jul-29 102.18 102.21 102.15 20-Year NZ*****V 3.375 01-Sep-33 108.07
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 15 OCt-7 Price Net change change Last Trade Agricultural Oct-7 CBOT Soybeans (US cents/bu) 940.75 -1.50 -0.16% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.96 -0.36 -1.08% 14/10/2014 CBOT Wheat (US cents/bu) 506.25 14.75 3.00% 12/12/2014 Oct-7 LIFFE Cocoa (£/tonne) 1986.00 -21.00 -1.05% 12/12/2014 LIFFE Coffee (US$/tonne) 2176.00 11.00 0.51%
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      • Article
        Lock icon PALM OIL
        57 15 Oct 8 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2225.0 2220.0 2225.0 2220.0 40 945 Nov 14 2193.0 2213.0 2223.0 2193.0 2136 ***** Dec 14 2180.0 2195.0 2209.0 2178.0 ***** ***** Jan 15 2193.0 2207.0
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      Lock icon Page 10 Advertisements Column 1
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      351 10 Audit Manager with partnership takeover opportunity of audit firm Established small audit firm seeks Audit Manager with Big 4 or SMP background for partnership takeover of audit portfolio. Candidate must have considerable experience in managing a portfolio of clients and be eligible to apply for practising certificate. Successful candidate will
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      50 10 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices FESTIVE DELIGHTS tabla!’s shopping tips for the Festival of Lights WORLD CUP: DHONI’S WORRY WILL BE INDIA’S BOWLING GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      556 11 MORE SEATS MADE AVAILABLE! THE THINK BIG ENTREPRENEURS CONVENTION 2014 KNOW TODAY’S CUSTOMER Discerning. Connected. Has choices. Whether you are in retail or B2B, service or F&B, your customer today is an evolved entity. Understanding her profile is only the first step to closing a sale. The more important question
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      411 11 It's !A “Discovery! OAK S reddot design award winner 2014 Vineara Electric One Touch Wine Aerator SINGAPORE Usual:'6$225.00 www.oaks.com.sg Now: S$135.00 PART a F TH E GAS i GAS ASIA SUMMIT Conference and Workshop Marina Bay Sands I Singapore 28 30 October 2014 A GASTECH REGIONAL EVENT 250 International and
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      684 12 Gain Confidence Be A Positive Influence On Your Customers Who should attend: Senior and Middle Management, Supervisors, Team Leaders and other General Managers, Business Owners, Sales and Business Development Managers, Corporate Communications and Marketing Managers Executives, and anyone who wishes to achieve higher success in their career. FULL-DAY WORKSHOPS Activating
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      143 13 BuildTech Asia 2014 s International Building Technology Expo A part of *J) SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 mm if 1 1 I/ VJ n U y ||^|jTil w j |j r 14 -16 October 2014 Singapore EXPO Halls 3 4 MAX Atria Key Activities at a Glance i ll J
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  • REAL ESTATE
    • Article, Illustration
      Lock icon China’s Nanshan pips 17 other bidders for Bishan housing site
      744 16  -  It bids S$173.6m, or S$731 psf ppr, for the Lorong Puntong plot released by URA By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT CHINESE conglomerate Nanshan Group has topped the bids for a site off Sin Ming Avenue released by the Urban Redevelopment
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      Lock icon Househunt
      1329 16 Property transactions for districts 1 to 28 with contract dates between August 27 and September 2,2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 3 NON-LANDED Alex Residences Apt 28/08/2014 99 657 1200 1828 Ascentia Sky Apt 29/08/2014 99 1991
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    • Article
      Lock icon US mortgage applications rise on more refinancing
      234 16 Bloomberg Washington MORTGAGE applications last week rose for the first time in three weeks as more Americans refinanced their homes. The Mortgage Bankers Association’s index increased 3.8 per cent in the period ended Oct 3 after a 0.2 per cent decline a week
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      Lock icon China’s US property trophy hunt begins
      379 18 Waldorf Astoria deal invites inevitable comparisons with Japan’s real estate binge of the 1980s &S& REUTERS BREAKINGVIEWS REUTERS Hong Kong ANOTHER New York landmark has fallen into Asian hands. The Waldorf Astoria hotel, home to visiting presidents and the backdrop to countless movies, has
      &S& REUTERS BREAKINGVIEWS; REUTERS; PHOTO: AFP  -  379 words
    • Article
      Lock icon SouFun shares rise on investment in broker
      417 18 BLOOMBERG New York SOUFUN Holdings Ltd rose in New York after the Chinese home-listing website invested in broker IFM Investments Ltd, extending gains as China eases mortgage policies to stem a property slump. SouFun’s American depositary receipts climbed 0.9 per cent on Tuesday,
      BLOOMBERG  -  417 words
    • Article
      Lock icon TPG Capital unit invests US$120m in self-storage firm
      619 20 LifeStorage deal comes amid rising investor interest in industry that generated US$24b of revenue last year BLOOMBERG Seattle TPG Capital’s real estate unit invested US$120 million in a company started by a former Public Storage executive, its first foray into the high-growth
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      Lock icon Irish central bank to cap loans to home buyers
      449 20 BLOOMBERG Dublin IRELAND’S central bank plans to cap how much banks can lend home buyers to prevent rebounding house prices from turning into a fresh credit-in-duced real estate bubble six years after the nation’s property crash. The regulator proposed that no
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      Lock icon Deutsche Bank explores sale of property loans
      381 21 German lender considering joint venture with private equity firm; assets comprise distressed mortgages and other debt BLOOMBERG New York DEUTSCHE Bank AG is exploring the sale of about US$2 billion of US commercial real estate loans held by the bank’s Special Situations Group,
      BLOOMBERG  -  381 words
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      Lock icon Calpers boosting real estate investment
      236 21 BLOOMBERG Sacramento THE California Public Employees’ Retirement System, the biggest US fund, is increasing its investment in real estate by about US$6 billion within a year as it begins to exit hedge funds. The US$295 billion fund had 8.7 per cent in real estate as
      BLOOMBERG  -  236 words
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      Lock icon Heartland restaurant space in Jurong for sale
      390 21 The space enjoys high traffic from Jurong Gateway and Jurong Lake, and keen interest is expected in this tender Singapore A PRIME heartland restaurant space has been put up for sale by tender, and its vendors are looking at a reserve price of
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      Lock icon Samsung Hub’s 19th floor sold at S$3,175 psf
      656 22  -  At Prudential Tower, half of 11th floor transacted at S$2,750 psf By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AT LEAST two sizeable strata office deals have been done lately in the Raffles Place area: Level 19 of Samsung Hub, and half of the
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      Lock icon Homebuilders add on freebies as once-booming US markets cool
      1330 22 Buyers are holding back after the government cut the maximum size for mortgages with low downpayments LAT-WP Boston JOSEPH Beben wasn’t in the market for a house until he heard about a year-old community in suburban Phoenix, Arizona, where 10 homebuilders
      LAT-WP; PHOTO: BLOOMBERG  -  1,330 words
    • Article
      Lock icon London’s old loos become watering holes
      515 23 Cafes and bars coming up on many unusual sites that charge lower rents than traditional spaces AFP London WITH spiralling land prices turning even the darkest corners of London into potential goldmines, the city’s forgotten spaces, including 19th-centu-ry public toilets, are blossoming into restaurants,
      AFP  -  515 words
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      Lock icon Aeon wants to be Japan’s biggest rice farmer
      531 23 BLOOMBERG Tokyo AEON Co, Japan’s largest supermarket chain that sells everything from fresh food to bicycles across 424 stores, plans to become the nation’s largest rice grower. Starting with 11 hectares of rice paddies leased from local farmers, its Aeon Agri Create
      BLOOMBERG; PHOTO: BLOOMBERG  -  531 words
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      457 17 STRATOSPHERE Stratford London E15 The River Thames The City of London Aquatics Centre The Stadium Stratford Bus Terminal (3 minute walk) Stratford Station (2 minute walk) EXCLUSIVE LAUNCH F R I DAY 1 0T H O CTO B E R TO S U N DAY 1 2T H O CTO
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      622 18 Advertorial Philippines* San Miguel Properties launches high-end development for Singapore buyers Contributed by 5QFT Global Properties Expected to be one of the most significant projects to debut in the regional property market this year is Philippine-based San Miguel Properties Inc.’s new luxury townhouse offering, Dover Hill. This premium development, which
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      219 18 Luxury Boutique Hotel Phuket, Thailand nK Investment Advisory Services: Lim Weili Swee Shou Fern 9642 2454 9655 6227 CEA Reg No: R*****1A DTZ Debenham Tie Leung (SEA) Pte Ltd CEA Reg No: R*****1D «DTZ a UGL company Located on Surin Hill, with stunning views of Surin Beach Andaman Sea Excellent
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      253 18 FOR SALE Address Property Description Land Tenure: Site Area Total GFA Master Plan Zoning Remark No. 23 Chin Bee Ave, Singapore *****3 A single-storey JTC detached factory with mezzanine floor 30 years leasehold commencing from 16 October 2000 Approx. 7,229.60 sqm (77,818.77 sqft) Approx. 3,371.00 sqm (36,285.14 sqft) Business 2
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      293 20 i A DOVER HILL San Juan, Metro Manila, Philippines BROUGHT TO TOU BY SAN MIGUEL PROPERTIES Seminar by Lindsay Orr Chief Operating Officer (COO) Jones Lang LaSalle, Philippines "Why Philippines is the investment hotspot of Southeast Asia” 3pm, 11 12 October OTFIRST WORLDWIDE LAUNCH UP TO 70% FINANCING AVAILABLE# 10%
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      368 21 ARGO HOUSE LONDON NW6 Exciting investment opportunity in London NW6, in the heart of a major regeneration zone mmummmmmmmmummmmmmMmm rm Tl in ii iii 11 ip i i [D m m. K/lburn QQ Oxford Street A WiLLesdr V, On the doorstep of Paddington, Queen’s Park, Maida Vale and St John’s
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      194 22 (C|)JLL Attractive Shop Units and Portfolio for Sale By Expressions of Interest Parklane Shopping Mall Basement One 33 strata units -Total area 25,317sf Comprises 94% of #B1 strata floor area Offers substantial control over tenant mix 100% occupancy; tenants incl McDonald's, dance studio, gaming and entertainment centres Within education hub
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      112 22 ■I I KS zm International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with the following types of assets: 3 4 Star Hotels Office
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      17 22 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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      156 23 NEW ZEALAND OFFICE BUILDING FOR SALE Make New Zealand your investment destination, no Capital Gains Tax** and no stamp duty. Net income: $4,136,296 pa* WALT: 5.25 years Total NLA: 16,285sqm* Significant refurbishment: 2012* Yield: 8.25%* CBRE Agency License No: L*****63I Michael Roberts CEA Reg No: R*****9C 65 6224 8181 michael.roberts@cbre.com.sg
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      149 23 NEW ZEALAND OFFICE BUILDING FOR SALE Make New Zealand your investment destination, no Capital Gains Tax** and no stamp duty. Potential passing income: $3,742,736 pa* WALT: 6 years* Total NLA: 10,675.1 sqm* Significant refurbishment: 2014* Parking Bays: 138* CBRE Agency License No: L*****63I Michael Roberts CEA Reg No: R*****9C 65
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon BOJ expected to boost stimulus at the start of 2015
      905 24 Pace of recovery likely too slow to achieve central bank’s inflation target: BOA BLOOMBERG Tokyo BANK of America Corp sees Japan’s central bank boosting stimulus at the start of 2015 amid signs that its board is losing confidence in meeting
      BLOOMBERG; PHOTO: REUTERS  -  905 words
    • Article
      Lock icon US dark pools case crosses legal limits: Barclays
      345 24 REUTERS New York BARCLAYS plc urged a New York court to toss the state attorney-general’s fraud case over how the bank ran its private US trading venue, saying that the case oversteps state securities laws and offers no proof that any investors
      REUTERS  -  345 words
    • Article
      Lock icon Banks eye deal in UK over Libor, forex fix
      292 24 AFP New York LARGE American and European banks are nearing settlement deals with British regulators over rigging interest rates and manipulating the foreign exchange market, according to sources. The overall settlement for charges of illegally manipulating the London Interbank Offered Rate
      AFP  -  292 words
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      2841 24 The Business Times Ik ~T I 1 I f I 1 Toll free 1800-289-8822 I I I Email notices@sph.com. sg I V j k J www.sphclass.com.sg/notices INTERRA RESOURCES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0166Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Heating costs in US will be lower this winter
      615 25 Energy Dept cites forecast for a warmer season and fall in energy prices NYT Houston AFTER enduring frigid temperatures and higher energy costs last winter, many US consumers will spend considerably less this winter, mostly because a warmer season is forecast,
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      Lock icon Tackling the challenge of increasing energy storage capacity
      906 25 Startups, governments using different types of technology to achieve goal NYT New York WITH new energy supply and demand growing rapidly worldwide, companies in the United States, Europe and across the developing world are spending billions of dollars each year on new
      NYT; PHOTO: REUTERS  -  906 words
    • Article
      Lock icon Morgan Stanley ups aluminium price forecast
      371 25 BLOOMBERG Seoul MORGAN Stanley has boosted its aluminium price forecast for next year by 8 per cent as increasing use of the lightweight metal in US car manufacturing leads global demand growth while producers continue to cut output. The industrial metal will rise to
      BLOOMBERG  -  371 words
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      1640 25 TAI SIN ELECTRIC LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0057W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tai Sin Electric Limited will be held at Albizia Room, Level 2, Jurong Country Club, 9 Science Centre Road, Singapore *****8
      1,640 words
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  • TECHNOLOGY
    • Article
      Lock icon IBM to open experience centre in S’pore
      532 26  -  The facility will provide support to adopt Watson’s cognitive technology, cloud computing platform By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore AMERICAN tech giant IBM is opening a Watson Client Experience Center in Singapore. It will be one of five countries aside from the US
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    • Article
      Lock icon Blood plasma fractionation plant set up here
      738 26  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore A HUMAN blood plasma fractionation plant that filters out proteins has been set up in Singapore, paving the way for emergency medicines used to treat immunodeficiency and haemophilia to be commercially available here from as early as
      738 words
    • Article
      Lock icon Symantec mulls split into two businesses
      218 26 BLOOMBERG New York SYMANTEC Corp is exploring a break-up, according to sources with knowledge of the matter, joining other large technology companies that are trying to make their businesses more focused and nimble. The Mountain View, California-based software company is in advanced talks to
      BLOOMBERG  -  218 words
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      1316 26 THE BUSINESS TIMES Ik I 1 I f 'I I 1 Toll free 1800-289-8822 I I I Email notices@sph.com. sg I Y i I www.sphclass.com.sg/notices PCI LIMITED (Co. Reg. No. *****4482N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the TWENTY-FIFTH ANNUAL
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      1300 26 METech INTERNATIONAL METECH INTERNATIONAL LIMITED (Company Registration No. *****6445M) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Metech International Limited (“the Company”) will be held at 65 Tech Park Crescent, Singapore *****7 on Friday, 24 October 2014 at 10.00 a.m.
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  • CONSUMER
    • Article, Illustration
      Lock icon Coty offers to buy Bourjois with shares
      476 27 Deal will give Bourjois parent Chanel, owner of the French make-up brand, a 4.2% stake in Coty worth an estimated US$240 million REUTERS Paris US cosmetics group Coty said on Tuesday that it has made a binding offer to buy French make-up brand
      REUTERS  -  476 words
    • Article
      Lock icon Shrinking sausages at delis reflect extent of Russian hardship
      563 27 BLOOMBERG MOSCOW THERE are many ways to measure the deepening financial crisis spreading across Russia. The ruble is sinking more than any other currency in the world, policymakers have burnt through some US$55 billion of foreign reserves and the economy is
      BLOOMBERG  -  563 words
    • Article, Illustration
      Lock icon Lego lays building blocks for Asian dominance
      615 27 AFP Copenhagen LEGO is making global domination look like child’s play, as the world’s biggest toymaker puts the building blocks in place to lead rivals in Asia and buck an industry-wide revenue dip. The Danish toys juggernaut overtook Mattel in the first half
      AFP; PHOTO: AFP  -  615 words
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      2107 27 UNION STEEL HOLDINGS LIMITED (Company Registration No. *****0181W) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Union Steel Holdings Limited (“the Company”) will be held at 33 Pioneer Road North Singapore *****4 on Friday, 24 October 2014 at 10.00 a.m.
      2,107 words
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  • TRANSPORT
    • Article
      Lock icon US Air Force rejects report it risks wasting US$8b on drones
      391 28 BLOOMBERG Washington THE US Air Force says the Pentagon’s inspector-general got the numbers wrong in asserting that the service risks wasting US$8.8 billion on MQ-9 Reaper drones. The watchdog agency said in a Sept 30 report that the service
      BLOOMBERG  -  391 words
    • Article, Illustration
      Lock icon US jet-tracking debate focuses on pilot action
      1206 28 NTSB organises discussions on latest aircraft locater technology BLOOMBERG Washington NEW generations of satellite networks and airborne technology are making the prospect of tracking airline flights around the globe a near-term reality. There’s just one issue: This equipment wouldn’t have prevented a plane
      BLOOMBERG; PHOTO: REUTERS  -  1,206 words
    • Article
      Lock icon Billionaire Fredriksen to merge his dry-bulk firms
      307 28 BLOOMBERG Oslo BILLIONAIRE John Fredriksen will merge the two dry-bulk carrier firms he controls, Golden Ocean Group Ltd and Knightsbridge Shipping Ltd, to prepare for a consolidation and position himself for a market recovery. Golden Ocean shareholders will receive 0.***** of a share
      BLOOMBERG  -  307 words
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      1661 28 The Business Times NOTICES CFM HOLDINGS LIMITED (Company Registration No. 2Q*****08R) (Incorporated in The Republic of Singapore) NOTICE OF THE FOURTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CFM Holdings Limited (the “Company") will be held at East Asia Institute of Management at 9
      1,661 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon EU leaders divided on how to tackle joblessness
      778 29 Milan summit will focus on youth unemployment, which afflicts 21.6% of people under 25 across Europe BLOOMBERG Milan SEVENTEEN years after their first jobs summit, European Union leaders are divided on how to create employment with a fifth of young people still
      BLOOMBERG  -  778 words
    • Article, Illustration
      Lock icon Calm returns to HK streets; outcome of talks uncertain
      527 29 REUTERS Hong Kong HONG Kong pro-democracy protests that brought tens of thousands on to the streets last week dwindled to a few hundred on Wednesday after activist leaders agreed to talks with the government which are all but certain to go
      REUTERS; PHOTO: BLOOMBERG  -  527 words
    • Article
      Lock icon HK protests drive tourists to Macau
      548 29 BLOOMBERG Hong Kong AS Hong Kong protesters were blocking roads and forcing shops to close, a record number of Chinese tourists were occupying the streets of Macau. More than 845,000 mainland Chinese tourists have poured into the world’s largest gambling centre since the China
      BLOOMBERG  -  548 words
    • Article, Illustration
      Lock icon China to launch major network, water, environmental projects
      681 30 Fiscal, monetary policies will be kept flexible and targeted adjustments made to support real economy: Premier Li RMB’s pace of internationalisation.” REUTERS, XINHUA Beijing CHINA will launch further “major” investment projects in information networks, water conservancy and environmental protection this year, Premier
      RMB’s pace of internationalisation.” REUTERS, XINHUA; PHOTO: REUTERS  -  681 words
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      Lock icon Russia may spend up to US$30 billion by year-end to prop up ruble
      694 30 BLOOMBERG MOSCOW THE Russian central bank will probably need to spend as much as US$30 billion by year-end to slow the decline in the ruble, the world’s worst-performing currency last quarter, according to UralSib Capital. Bank of
      BLOOMBERG; PHOTO: BLOOMBERG  -  694 words
    • Article
      Lock icon Data prompts Merkel to think stimulus
      462 30 BLOOMBERG Berlin GERMAN Chancellor Angela Merkel’s government is flirting with measures to stimulate growth, reviewing its options amid evidence the economy risks plunging into recession. Among plans being discussed is lowering the mandatory pension contribution by 0.6 percentage point, which would funnel six billion
      BLOOMBERG  -  462 words
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      1590 30 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices oc/e| OXLEY HOLDINGS LIMITED (Company Registration Number *****5612G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OXLEY HOLDINGS LIMITED (the "Company") will be held at the Raffles
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      2509 31 CHUAN HUP HOLDINGS LIMITED (Co. Reg. No. *****0572R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the FORTY -FOURTH ANNUAL GENERAL MEETING of the Company will be held at The Board Room, 390 Jalan Ahmad Ibrahim, Singapore *****5 on 24 October 2014
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  • Article
    Lock icon Shipping times
    1052 32 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville KMTC Mumbai 1402E 23 Sep 07 Oct 24 Oct 27 Oct 30 Oct 01 Nov 04 Nov 05 Nov 07 Nov 10 Nov 10 Nov 14 Nov
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      33 32 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times?
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      5111 33 CHINA YUANBANG PROPERTY HOLDINGS LIMITED (Company Registration Number: *****) (Incorporated in Bermuda on 4 December 2006) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA YUANBANG PROPERTY HOLDINGS LIMITED (the “Company”) will be held at Room 303, Level 3, Suntec Singapore Convention Exhibition
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      Lock icon Page 33 Advertisements Column 2
      226 33 ADVERTISEMENT OF PROPOSED AMALGAMATION ECOM AGROINDUSTRIAL ASIA PTE. LTD. ARMAJARO SINGAPORE PTE. LTD. NOTICE is hereby given that ECOM Agroindustrial Asia Pte. Ltd. (“EAA”) and Armajaro Singapore Pte. Ltd. (“AS”) intend to amalgamate and continue as one company, being EAA and re-using the existing name of EAA, ‘ECOM Agroindustrial Asia
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  • OPINION
    • Article
      Lock icon Important to deter insider trading
      485 34 THERE is a school of thought that insider trading is a victimless crime and should not be frowned upon because it is almost impossible to pinpoint its exact victims or quantify their losses. Some even believe that insider information, being of high quality because it
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      Lock icon The triumph of muddle-nomics
      842 34  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP IHAVE been reading Martin Wolf’s “The Shifts and the Shocks”, a detailed analysis of the 2008-09 financial crisis and its aftermath. Mr Wolf is the chief economic columnist of the Financial Times, an English paper
      THE WASHINGTON POST WRITERS GROUP  -  842 words
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      Lock icon STREET POWER
      1399 34  -  In Hong Kong and elsewhere, messy democracy faces a street challenge. BY HUMPHREY HAWKSLEY T The writer is a BBC Correspondent specialising in development. His latest book, “Democracy Kills: What’s So Good About Having the Vote” is published by Macmillan. This article was sourced from YaleGlobal, a publication
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    • Article
      Lock icon Natural partners, now and beyond
      841 35  -  SINGAPORE-UK TIES By Andrea Leadsom T The writer is the United Kingdom’s Economic Secretary to the Treasury THIS week, I am in Singapore to develop the strong economic and financial ties that exist between our countries. I am the sixth minister from the UK Treasury
      841 words
    • Article
      Lock icon Three changes that would make Sias a much stronger outfit
      460 35  -  LETTER TO THE EDITOR Mak Yuen Teen I REFER to the report “Fifteen years on, is Sias still relevant?” (BT, Oct 3). The Securities Investors Association of Singapore (Sias) has played an important role in our corporate governance landscape. It
      460 words
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      Lock icon A SECOND SINGAPORE
      2060 35  -  Creating ‘another Singapore’ elsewhere would help us overcome our land and labour shortage. BY TEH KOK PENG BY TEH KOK PENG T The writer is chairman of Ascendas. This is a revised version of a talk he gave at the aprea (Asia Pacific Real Estate Association) chairman/CEO
      PHOTO: JAMIE KOH/THE STRAITS TIMES  -  2,060 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon France uncorks a new generation of wine experts
      694 36 The young pros’ business model combines selling with crowdfunding REUTERS Paris NOT everything related to wine gets better with age, as a young generation of French wine experts can attest. Take Benoit Perrot and brothers Matthieu and Antoine Mondesert, all in their
      REUTERS; PHOTO: REUTERS  -  694 words
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      44 36 TODS.COM H o C/5 V ft1 IrLrltHl jM Paragon Takashimaya Department Store +65 6738 3323 m MM «I i r: *r« -r? X 4P 5*2 > A*> f as> «SS 1 ',jr.- ■'IS ;.v ss®s j K •S’*. r-; r\£ TO > at r<; -Tjx k.
      44 words
  • Page 36 Miscellaneous
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      Lock icon Page 36 Miscellaneous Column 1
      308 36 CRYPTIC CROSSWORD Across 1 Pretty dull chaps with time for flattery (12) 8 Rolling Stones employing tenor for top cover (7) 9 Reason some police use bad language (7) 11 Copy almost cutting record by Queen in comeback (7) 12 European meat with alien name (7) 13 They’re not usually
      308 words