The Business Times, 13 October 2014

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Total Pages: 34
1 34 The Business Times
  • 29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G E ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Monday, 13
    29 words
  • Article, Illustration
    241 1 US stocks endured the most volatile week since November 2011 amid fears about the global recovery, Federal Reserve policy and the future of the US shale boom. The volatility is likely to persist this week. TOP STORIES/ 2 The global economy faces the real risk of a prolonged
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  • 25 1 Weekly Change STI 3,223.87 (-29.37) KL COMP 1,808.88 (-31.94) NIKKEI 225 15,300.55 (-408.1) HANG SENG 23,088.54 (23.98) SHENZHEN B 973.84 (-5.79) DOW 16,544.10 (-465.59)
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  • 867 1  -  As restructuring continues, economists expect no change in exchange rate policy By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE idea of a default monetary policy stance amid restructuring will come into sharp focus this week, when the central bank announces its half-year-ly monetary policy statement on
    Source: Monetary Authority of Singapore  -  867 words
  • 593 1 BLOOMBERG Washington FEDERAL Reserve officials have sounded an alert over the threat to US growth from a slowdown elsewhere in the world, warning that it could make them delay an interest-rate increase. “If foreign growth is weaker than anticipated, the consequences for the
    BLOOMBERG; PHOTO: REUTERS  -  593 words
  • Page 1 Advertisements
    • 89 1 *****4 YOUNG INVESTORS’ FORUM How the rich are different from the rest of us 20 DINING OUT Mex it up at El Mero Mero with authentic classics VIEWS FROM THE TOP Who is responsible for good corporate governance? 18-19 33 ONLINE ONLY The BT COE Tracker: an interactive chart with
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    • 37 1 “The success of the Sports Hub is non-negotiable... We need both the public and private sectors dancing together to make this project work.” Oon Jin Teik, chief operating officer of the Sports Hub TOP STORIES Pg 4
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  • TOP STORIES
    • 906 2  -  Fall in oil prices, weak data from eurozone and Federal Reserve rate policy all add to investor concerns WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks endured the most volatile week since November 2011 as traders lurched in and out of
      PHOTO: BLOOMBERG  -  906 words
    • 595 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore THE global economy faces the real risk of a prolonged period of sub-par growth, which underlines the need for greater urgency when it comes to implementing structural reforms, said chairman of the International Monetary and Financial
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    • 1045 4  - S’pore Sports Hub a public-private sector dance COO Oon says world’s largest sports infrastructure project is a steep learning process for all stakeholders involved By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE are still 14 years to go before OCBC Bank’s deal with the Singapore Sports Hub to be its Premier
      PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  1,045 words
    • 710 6  -  BT Explains Teh Shi Ning, Kelly Tay The Monetary Authority of Singapore’s (MAS) goal is to ensure price stability as a basis for sustainable economic growth. When inflation is low and stable, there is less uncertainty about returns on long-term investments, and firms can plan
      Source: MAS, Department of Statistics BT Graphics: Teh Shi Ning, Kelly Tay, Simon Ang, Noordin Ayob & Jonathan Goh  -  710 words
    • 256 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE 546-unit executive condominium (EC) Lake Life has been more than three times subscribed, receiving a record number of e-applications for an EC project in Singapore. Developed by a consortium led by Evia Real Estate, the project
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    • 959 6 Financial Secretary John Tsang warns students that if situation worsens, impact on HK can be ‘very violent’ BLOOMBERG Hong Kong HONG KONG leader Leung Chun-ying said there is “zero chance” China will change its decision to vet candidates in elections for the
      BLOOMBERG; PHOTO: AFP  -  959 words
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  • Page 3 Advertisements
    • 30 3 Asset Management Wealth Management Asset Services Entrepreneurs are very good at spotting ideas. And advisers. Hong Kong: +852 3191 1805 askhongkong@pictet.com Singapore: +65 6536 1805 asksingapore@pictet.com www.pictet.com 18 0 5
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  • Page 4 Advertisements
    • 2278 4 EU YAN SANG INTERNATIONAL LTD Company Registration No. *****2179H (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Eu Yan Sang International Ltd (“the Company”) will be held at The Fullerton Hotel Singapore, Straits Room, 1 Fullerton Square,
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  • Page 5 Advertisements
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  • Page 7 Advertisements
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  • COMPANIES & MARKETS
    • 408 8  -  MOM, DBS join hands to launch integrated application process B y Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Ministry of Manpower (MOM) and DBS are launching an integrated application process from Oct 16, which will make it easier and quicker for Work
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    • 720 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore WITH more consumers going online, digital platforms have opened up a plethora of avenues for companies to market their products. But how effectively they do it ultimately boils down to how well they know their customer. This was
      PHOTOS: JOSEPH NAIR  -  720 words
    • 805 8  -  By Lyn Boxall T The writer is a member of the Professional Development Committee of the Singapore Institute of Directors DATA protection regulations are now in force in Singapore. The Do Not Call (DNC) Registry rules took effect on Jan 2, 2014. Holders of
      805 words
    • 1644 11  -  TT INSIDE MARKETS By Robert Halili TThe writer is managing director, Asia Insider Ltd UYING fell while the selling among directors rose based on filings on the Exchange during the holiday-short-ened week of Oct 7 to 10. A total of 10 companies recorded 19
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    • 837 12 But analysts say wooing US investors won’t be easy as Monday listing comes amid profit warning from Ford and the US auto industry nearing its peak REUTERS Milan FIAT Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday,
      REUTERS; PHOTO: AFP  -  837 words
    • 1014 12 Payment Ex Rec Pay Ann (cts) date date date date Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMS Property ag 0.109 26-Sep 30-Sep 19-Dec 23-Sep Amtek Engg ak 1.000 03-Nov 05-Nov 20-Nov 29-Aug ASL Marine ak 1.000 31-Oct 04-Nov 12-Nov 29-Aug B&M Trustees 100 ak 2.700
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    • 268 12 Oct 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Bank of Singapore ...5.50 Chang
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    • 1522 12 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 3 10.09 14.43 1.55 1.46 ARA Asset Management Ltd 1.75 2.00 4 9.78 17.44 2.03 1.71 Ascendas Hospitality Trust Mgt
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    • Article, Illustration
      64 13 STI Catalist WEEKLY Straits Times Index Oct 10,2014 3,223.87 -29.37 (-0.90%) Current streak 1 day Day high 3,264.06 Day low 3,222.92 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Oct 10,2014 830.23 -21.55 (-2.53%) Current streak 2 days Day high 855.83 Day
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    • 305 13 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 221 -5 226/221 250 206 6.4 5584 CapitaLand 307 -6 315/302 348 268 15.4 2.6 *****.9 CapitaMall Trust 191.5 -1 194/190 209 180 5.4 6640.3 CityDev 929 -15 947/926 1118 860 12.6
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    • 36 13 VOLUME IHC 247,287,000 APAC Strategic 192,543,000 Compact Metal 167,187,000 Mirach Energy 148,824,000 Noble 131,779,000 Market volume 5,883,640,000 VALUE DBS Grp 274,663,190 Keppel Corp 231,659,743 SingTel 222,947,410 Noble 169,487,265 OCBC Bank 147,728,058 Market value 4,024,247,000
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    • 111 13 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap DBXT MS SING US$ US130.8 -1.2 4160 132.5/130.5 140.1/119.3 130.7/131.1 6.5 IS MS India US$ US735 unch 2434 752/725 779/541 736/739 91.9 STI ETF 327 -2 689 330/326 343/298 326/327 UETF SSE50China 154 -1 446 158/154
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    • 103 13 COMPANY MEETING PLACE DATE TIME Top Global Ltd E Regent Hotel Nassim Room (Level 3) 1 Cuscaden Road 14-Oct 10.00am Unionmet (S) Ltd E RELC International Hotel E Room 605 (Level 6) 14-Oct 10.00am 30 Orange Grove Road 14-Oct 10.30am Sunmart Hldg A FTSE Room (9th Floor) Capital
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    • 77 13 Oct 10 VALUE CLOSE BT OB/OS -693.00 -220.00 BT CADI -*****.00 -241.00 BT 10-day MA -*****.00 -69.00 FTSE ST Mid Cap 745.85 -8.57 FTSE ST Small Cap 519.83 -6.40 FTSE ST All Share 781.08 -8.71 FTSE ST China Top 189.35 -2.32 FTSE ST China 221.62 -2.79 FTSE
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    • 811 13  -  TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IT wasn’t that long ago that analysts spoke of the “Great Flotation” giving way to the “Great Rotation”. The former was a reference to the strategy adopted by the US Fed and other central banks
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    • 36 13 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Oct 10,2014 781.08 -8.80 (-1.11%) Current streak 1 day Day high 791.51 Day low 781.08 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • 34 13 STI MSCI EAFE WEEKLY MSCI EAFE index Oct 10,2014 1,748.97 -43.37 (-2.42%) Current streak 2 days Day high 1,817.84 Day low 1,748.97 52-week high 1,995.49 (July 3, 2014) 52-week low 1,748.97 (Oct 10, 2014)
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    • 186 13 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 13 2 0 0 0 1 13 2 Manufacturing 48 86 36 8 15 11 56 101 47 Commerce 14 41 18 2 14 3 16 55 21 Tpt/Stor/Comms 6 33 5
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    • 123 13 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 62,065 62,065 310,148 310,148 Manufacturing 1,016,284 188,914 1,205,198 502,376 22,406 524,782 Commerce 424,895 158,102 582,997 376,745 10,052 386,797 Tpt/Stor/Comms 356,890 17,373 374,263 547,683 3,200 550,883 Finance 110,907 604 111,511 625,780 125 625,905 Construction 134,432 110,566
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    • 618 13 TT COMMODITIES AFP London BRENT oil prices tumbled last week to a four-year low on plentiful crude supplies and on demand fears arising from global economic uncertainty. On the upside, the coffee market hit a two-year peak as a “devastating” drought in
      AFP  -  618 words
    • 77 13 BY CENTS CLOSE UP 52w high/low DBXT USDIGInfl US$ ***** 328.3 0.9 *****/***** DBXT iBoxxUSTr US$ ***** 180.7 0.7 *****/***** GLD US$ ***** 171.8 1.2 *****/***** DBXT iBoxxSvEu US$ ***** 115.8 0.3 *****/***** DBXT AUDBonds AU$ ***** 113.2 0.5 *****/***** BY PERCENTAGE CLOSE UP 52w high/low RenewableEnW*****9 0.9 350.0
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    • 81 13 BY CENTS CLOSE UP 52w high/low DBXT iBoxxKR US$ ***** -342.3 -1.7 *****/***** IS S&P500 US$ ***** -319.4 -1.3 *****/***** Lyxor ThaiSET US$ ***** -304.1 -1.7 *****/***** DBXT MSKorea US$ 5650 -272.3 -3.6 6735/5650 SPDR S&P 00 US$ ***** -269.8 -1.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low DBS
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    • 80 13 VOL CLOSE($) CHANGE Ryobi Kiso 827.0 0.109 +0.006 +5.83 InnoPac 22,639.0 0.008 -0.002 -20.00 Logistics 420.0 0.295 +0.040 +15.69 AnnAik 106.0 0.101 -0.014 -12.17 Noel Gifts Intl 20.0 0.300 +0.035 +13.21 Techcomp 111.0 0.390 -0.040 -9.30 SunMoonFood 1,057.0 0.122 +0.016 +15.09 Pacific Radiance 4,108.0 1.140 -0.125 -9.88 Ban
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    • 435 14 TT CURRENCIES BLOOMBERG Kuala Lumpur ASIAN currencies had their biggest weekly gain in almost two months as signs the Federal Reserve will delay raising interest rates buoyed demand for emerging-market assets. The Bloomberg Dollar Spot Index dropped last week for the
      BLOOMBERG  -  435 words
    • FOREX RATES
      • Article, Illustration
        3 14 WEEKLY
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      • 471 14 Oct 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 5.349 0.689 6.770 53.384 106.541 0.943 9.344 2.839 1.116 89.680 39.075 1.110 9.709 0.834 26.532 28.321 0.543 0.873 Canada 1.022 5.468
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      • 155 14 Oct 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1100 1.1109 0.8723 0.8727 Canadian dollar 1.1346 1.1354 0.8920 0.8917 Euro 1.6116 1.6124 1.2665 1.2667 NZ dollar 0.9951 0.9958 0.7820 0.7823 Sterling pound 2.0435 2.0444 1.6059 1.6061
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      • 22 14 Oct 10 S$ Bid Offer 1-month 1.2725 1.2729 2-months 1.2725 1.2729 3-months 1.2725 1.2730 6-months 1.2724 1.2729 Source: OCBC
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      • Article, Illustration
        2 14 WEEKLY
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      • 3 14 COMPOSITEWEEKLY
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      • Article, Illustration
        3 14 WEEKLY
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    • BANK RATES
      • 154 14 Oct 10 $S Offer Bid 0vernight 0.07 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.06 US$ 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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      • 36 14 Oct 10 (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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      • 63 14 Oct 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.06 5-Year N*****0H 1.625 01-Oct-19 100.64 100.70 100.65 10-Year NY*****H 3.000 01-Sep-24 105.97 106.10 106.10 15-Year NY*****E 2.875 01-Jul-29 102.11 102.80 102.80 20-Year NZ*****V 3.375 01-Sep-33 107.77 30-Year NA*****N
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    • EQUITY BONDS WARRANTS FUTURES
      • 363 14 Oct 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.88 *****.78 *****.83 Dec14 *****.00 *****.00 *****.00 *****.00 *****4 *****4 Mar15 *****.00 *****.00 *****.00 *****.00 11 226 MSCI TAIWAN INDEX FUTURES SPOT 328.47 330.11 326.41 Oct14 328.00 328.40 323.90 ***** *****7 Nov14 327.80 328.30
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      • 214 14 Most active Oct 10 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Compact Metal Indus W*****0 3 -0.4 ***** 1 2 25 DBS MB eCW*****6 10.8 -2.5 ***** 0.2 1880 3 FTSECHINAA50 7600 MBeCW*****7 4.7 -0.6 ***** 0.0
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      • 373 14 In local curr In S$ In US$ dy yr dy yr dy yr Oct 10 Index Change Change Change Change Change Change World Preliminary 1191.9 -1.0 0.6 -0.9 -0.8 -1.2 -1.7 EAFE Preliminary 921.3 -1.5 -3.7 -1.8 -7.9 -2.1 -8.7 Europe Preliminary 1304.4 -1.5 -3.7
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    • AGRI METALS ENERGY
      • 265 14 Oct-10 Price Net change change Last Trade Agricultural Oct-10 CBOT Soybeans (US cents/bu) 922.50 -19.50 -2.07% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.28 -0.60 -1.82% 14/10/2014 CBOT Wheat (US cents/bu) 498.50 5.25 1.06% 12/12/2014 Oct-10 LIFFE Cocoa (£/tonne) 2053.00 70.00 3.53% 12/12/2014 LIFFE Coffee (US$/tonne) 2159.00 -22.00 -1.01%
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  • Page 8 Advertisements
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  • Page 10 Advertisements
    • 4344 10 Health H M I Management International HEALTH MANAGEMENT INTERNATIONAL LTD Company Registration No 1998_*****E)) incorporated in the Republic of Singapore NOTICE OF ANNUAL GENEIU-\L MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of HEALTH MANAGEMENT INTERNATIONAL LTD (the “Company") will be held at: Venue Brickworks Auditorium, National
      4,344 words
    • 1159 10 THE BUSINESS TIMES (Company Registration No.: *****2391 E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-fourth Annual General Meeting of Jaya Holdings Limited (the “Company”) will be held at Hall 1, TKP Conference Centre Level 9, 55 Market Street #09-02,
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    • 582 10 In The Matter of The Companies Act Cap. 50 And In The Matter of VINCENT INVESTMENTS PTE LTD Company Registration Number: ********** n Mem ers‘ Voluntary Liquidation) MEMBERS’ VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Member of the abovenamed Company dulg convened and held at 228 2/F
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    • 278 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF O’BRED| PTE. LTD. CO. REG. N0. 20o*****6R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Member of
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  • Page 11 Advertisements
    • 112 11 Confidence to advance That’s what airlines, railroads and trucking companies can achieve when they’re smart about hedging their risks. And that’s where we come in as the world’s leading derivatives marketplace. Companies around the world use the products and technology of CME Group to help them manage every kind of
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  • CONSTRUCTION PRODUCTIVITY
    • 1550 15 Prominent figures from across the built environment sector share their thoughts about the need to boost productivity among industry players SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 The Business Times: What are the key challenges hindering construction firms from improving productivity and what are some ways to overcome them?
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  • Page 15 Advertisements
    • 69 15 A A A I •I National Productivity Month 2014 BUILD SMART FOR A FUTURE READY SINGAPORE SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 13-16 OCTOBER 2014 Singapore Expo Hall 3 4 Max Atria The Singapore Construction Productivity Week 2014 is an annual event for the built environment sector to share knowledge on
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  • REAL ESTATE
    • 350 16 BLOOMBERG Hong Kong AGILE Property Holdings Ltd, the Chinese developer whose shares have been halted since Oct 3, said it will not proceed with a HK$2.8 billion (S$461 million) rights offering. It has not gone ahead with the sale according to the timetable pending the
      BLOOMBERG  -  350 words
    • 1391 16 Australia’s expanding ranks of retirees, faced with declining affordability of housing and inadequate savings, are set to boost demand for cheaper manufactured homes BLOOMBERG Sydney JOHN Purnell, 75, and his wife Patricia, 72, moved into a factory-built house in
      BLOOMBERG; PHOTO: REUTERS  -  1,391 words
  • Page 16 Advertisements
    • 2643 16 f civfovECl CIVMEC LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 201Q*****H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Carlton Hotel Singapore, 76 Bras Basah Road, Singapore *****8 on Tuesday, 28 October 2014
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  • Page 17 Advertisements
    • 2354 17 NOTICE OF ANNUAL GENERAL MEETING WING TAI HOLDINGS LIMITED (Company Registration No. *****0239D) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the 50thAnnual General Meeting of the Company will be held at NTUC Auditorium, NTUC Centre Level 7, One Marina Boulevard, Singapore *****9 on Tuesday, 28 October
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    • 3144 17 YAMADA GREEN RESOURCES LIMITED (Company Registration No. *****2962E) (Incorporated in Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of YAMADA GREEN RESOURCES LIMITED (the “Company”) will be held at 7 Temasek Boulevard, #44-01 Suntec Tower One, The Penthouse, Singapore *****7 on
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  • VIEWS FROM THE TOP
    • 3547 18 THIS WEEK’S TOPIC Who ultimately is responsible for good corporate governance? How can we encourage the various stakeholders to play their role? Kwek Leng Joo Deputy Chairman City Developments Limited THE responsibility for corporate governance does not lie with any single entity or group. Instead,
      PHOTO: THE STRAITS TIMES FILE  -  3,547 words

  • Page 19 Advertisements
    • 450 19 Employee Remuneration Reporting Seminar Thursday, 13 November 2014 Raffles City Convention Centre ft. I I I EY Building a better working world Get ready for next year's Form IR8A reporting season by joining us at our Employee Remuneration Reporting Seminar on Form IR8A (Return of Employee's Remuneration) and IR21 (Notification
      450 words

  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • 1832 20 For starters, they don’t smoke or gamble as much as the rest THE rich, as The Great Gatsby author F Scott Fitzgerald put eloquently in one of his short stories, are different from you and me. How different? “hey have more money,” wrote Ernest Hemingway,
      BT Graphics: Cai Haoxiang, Ludwig Ilio; Source: Household Expenditure Survey 2012/13, Department of Statistics  -  1,832 words
  • Page 20 Advertisements
    • 113 20 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words

  • BANKING & FINANCE
    • 710 21 Under new rules, senior bankers will be held to account for reckless decisions that cause a bank to fail REUTERS London BRITAIN’S major lenders may find it hard to hire dozens of directors that are required as part of a radical reshape
      REUTERS  -  710 words
    • 389 21 REUTERS London THE US$700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets. The International Swaps and Derivatives Association (ISDA) and 18 major banks that dominate the
      REUTERS  -  389 words
    • 427 21 BLOOMBERG Washington POLICYMAKERS from Beijing to Kuala Lumpur welcomed plans by the European Central Bank (ECB) to consider adding the yuan to its foreign-curren-cy reserves. The internationalisation of China’s currency emerged as a subject at the annual meeting of finance
      BLOOMBERG; PHOTO: REUTERS  -  427 words
  • Page 21 Advertisements
    • 121 21 BTA BuildTech Asia 2014 a International Building Technology Expo A part of m SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2014 ;®J1M n I t gnTnjji® 14 -16 October 2014 Singapore EXPO Halls 3 4 MAX Atria Key Activities at a Glance I ■»F*| a 0m >• if*. iSf sphere OPENS TOMORROW! Visit;
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  • ENERGY & COMMODITIES
    • 476 22 BLOOMBERG Sydney RIO Tinto Group shareholders would demand a premium of as much as 30 per cent in any deal with Glencore Plc, making a tie-up unlikely due to a lack of synergies, said Alberto Calderon, a former BHP Billiton Ltd. executive. “The issue
      BLOOMBERG; PHOTO: REUTERS  -  476 words
    • 961 22 Yieldcos are popping up in the portfolios of some of the most widely-held mutual funds in the US REUTERS New York THE hunt for dividend yield is pushing US fund managers into an unproven new offshoot of the alternative energy industry. Yield companies
      REUTERS  -  961 words
  • Page 22 Advertisements
    • 1284 22 The Business Times Ik 1 X 1 Toll free 1800-289-8822 I I M Email notices@sph.com.sg M V i B J www.sphclass.com.sg/notices ft log Mr lies LOGISTICS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****4643D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE ANNUAL
      1,284 words
    • 1590 22 s SIM LIAN GROUP LIMITED Registration No. *****4760C (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of Sim Lian Group Limited (the “Company”) will be held at Jurong Country Club. Ficus 1. Level 2. 9 Science Centre
      1,590 words

  • TECHNOLOGY
    • 411 23 REUTERS Manchester, New Hampshire GT Advanced Technologies Inc has said that it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested that it could pursue legal claims against the iPhone maker while revamping under
      REUTERS  -  411 words
    • 1014 23  -  It has a certain libertarian cowboy mindset that ignores obstacles and rules TT COMMENTARY BY ANNA SAUERBREY NYT Berlin THESE days Germany is known for being many things: a leader in clean technology, a manufacturing powerhouse, Europe’s foreign policy centre. But increasingly, it
      NYT; PHOTO: REUTERS  -  1,014 words
    • 565 24 Security breach happened in early September; investigation ongoing BLOOMBERG Atlanta SEARS Holdings Corp’s Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach last week and is investigating the incident with law enforcement officials.
      BLOOMBERG; PHOTO: BLOOMBERG  -  565 words
    • 268 24 Development to boost current transmission speeds by five times BLOOMBERG Seoul SAMSUNG Electronics Co has said that it has developed a Wi-Fi technology that can increase data transmission speeds by five times the maximum rate possible with existing consumer electronics devices. The 60 GHz Wi-Fi
      BLOOMBERG  -  268 words
    • 865 24 BLOOMBERG New York EIGHT years after trying and failing to sell itself, Computer Sciences Corp (CSC) may have a better sales pitch. The technology consulting firm’s chief executive officer, Mike Lawrie, has cut costs, lifted margins and boosted free cash
      BLOOMBERG  -  865 words
  • Page 23 Advertisements
    • 2600 23 The Business Times Ik f 1 Toll free 1800-289-8822 I I I B Email noticesc5Jsph.com.sg I M I B i B j ij www.sphclass.com.sg/notices GDiCentre 1 Mac More EPICENTRE HOLDINGS LIMITED (Company Registration No. *****2930G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN
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  • Page 24 Advertisements
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    • 115 24 Wine, Dine Hospitality Highlights CURRY TRAILS CONRAD CENTENNIAL SINGAPORE Savour regional flavours of Thai, North or South Indian, Malay, Nyonya, Japanese, Vietnamese or Sri Lankan curries with a daily choice of noodles and rice Enjoy the complete Curry Trails selection with freshly made soup, salads, breads and desserts, coffee or
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  • CONSUMER
    • 1126 26 To ensure good ad placement, advertisers have to book pre-video ad space and home-page takeovers very early NYT Washington IT turns out that the Internet does not have infinite capacity. At least not for political ads. As an increasing number of US
      NYT; PHOTO: BLOOMBERG  -  1,126 words
  • Page 26 Advertisements
    • 1930 26 The Business Times jk IT ✓“’1 I 1 p Toll free 1800-289-8822 I I Email notices@sph.com.sg i B j il www.sphclass.com.sg/notices ICP LTD.Q<DL 3*&L SD_ /b%-II-+)]P (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will
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    • 1357 26 c Brooke Asia Limited (Company Registration No. *****8683N) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Brooke Asia Limited (the “Company”) (the “Meeting") will be held at Minto Room, Raffles City Convention Centre, Level 4, 80 Bras
      1,357 words

  • Page 27 Advertisements
    • 21 27 www.omy.sg Buzz Talk Rttxms I news.omy.sg me loves mencrt no means yes Download omy Apps HftlH omy News iOSAppStore Google Play
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    • 283 27 In our current economy landscape, the interest rates of the banks are at its all-time low. If we save all our hard-earned income in the bank, the real value of our savings will be eroded over time. The present inflation rate is much higher than the bank’s interest payout for
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    • 108 27 DEADLINE CA WORK OVERLOAD J BILL TAX HOUSE DEBT uif d-L-e \H-OW dU' tress is something that everyone can relate to. While too much stress can cause illness, too little of it may lead to a lack of motivation. What level of stress is healthy? Does stress encourage you in
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  • GOVERNMENT & ECONOMY
    • 834 27 Region’s growth stalled in Q2, inflation slowed to weakest level in nearly five eyars AFP Frankfurt A RAFT of grim eurozone data last week alarmed financial markets and placed both Germany’s doctrine of budgetary rigour and European Central Bank’s monetary policy in the hot seat.
      AFP; PHOTO: REUTERS  -  834 words
    • 730 27 REUTERS London CHINA’S economy, the second-largest in the world, gets a spot check this week with a barrage of data due that should indicate how successful Beijing has been in supporting growth. It may be even more pertinent than usual,
      REUTERS  -  730 words
    • 864 30  -  Global fund managers have been hit by a double whammy of falling stocks and sliding currencies By NEIL BEHRMANN London THE October jinx has once again damaged stock market sentiment. And this time Frankfurt, London, Paris and Rome, rather than Wall Street,
      PHOTO: REUTERS  -  864 words
    • 675 30 BLOOMBERG Sydney ONE in seven Australians lives below the poverty line, even after more than two decades of economic growth, an Australian Council of Social Service (Acoss) report showed. The poverty rate in Australia climbed to 14 per cent in
      BLOOMBERG  -  675 words
    • 733 30 AFP Washington A TEXAS healthcare worker who treated an Ebola victim has tested positive for the deadly tropical fever, dealing a blow to the worldwide battle to stem the outbreak. More than 4,000 people have died from Ebola in seven countries
      AFP  -  733 words
    • 661 30 BLOOMBERG Helsinki FINNISH Prime Minister Alexander Stubb said lawmakers must abandon their political differences and draft a set of measures to help cut debt after the Nordic country was stripped of its AAA rating. Standard Poor’s (S&P) one-step downgrade of Finland
      BLOOMBERG  -  661 words
    • 426 30 REUTERS visakhapatnam CYCLONE Hudhud blasted India’s eastern seaboard on Oct 12 with gusts of up to 195km an hour, uprooting trees, damaging buildings and killing at least three people despite a major evacuation effort. The port city of Visakhapatnam, home
      REUTERS  -  426 words
    • 752 31 Offering attractive tax rates to companies such as Apple is a major plank of its recovery plan AFP Dublin A EUROPEAN Union probe into a tax deal between Ireland and Apple is raising pressure for a tightening of a controversial corporate tax system
      AFP  -  752 words
    • 598 31 Global recovery uncertain: central bank governor BLOOMBERG Washington MALAYSIA’S monetary policy stance will remain supportive of growth amid uncertainty in the global recovery and even as the risk of inflation also increases, central bank governor Zeti Akhtar Aziz said. Threats to Malaysia’s expansion have
      BLOOMBERG; PHOTO: REUTERS  -  598 words

  • 1872 28 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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  • Page 28 Advertisements
    • 192 28 C a i l a n E n n o r e J e d d a h B Shanghai■ Chittagong r Ho Chi Minh i s b a n e H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE
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  • Page 29 Advertisements
    • 106 29 Shipping lines seeking ina reliable Can they find your services here in the Shipping Times? TT15 TO ADVERTISE, CALL JOE WONG AT *****327 The Business Times Shippm; Times Make A Splash In The Maritime World Via sf5iiSnaritime.coM Ahoy there! If you are in a business pertaining to any sector of
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  • Page 31 Advertisements
    • 3089 31 MAGNUS ENERGY GROUP LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****1375M) M A G N U S E N E R G Y NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of MAGNUS ENERGY GROUP LTD. (the “Company”) will be held
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  • LIFE & CULTURE
    • Article, Illustration
      585 32  -  HSBC donated S$422,360 to ChildAid at an event at the Singapore Science Centre for needy children By Kelly Tay kellytay@sph.com.sg @KellyTayBT A boon for needy children ABOUT 250 children from various family service centres and intervention programmes celebrated Children’s Day at the Singapore Science Centre last Saturday, with
      PHOTOS: ONG WEE JIN/THE STRAITS TIMES; ASIA PACIFIC BREWERIES FOUNDATION  -  585 words
    • 247 32 AFP Sochi, Russia A supreme Lewis Hamilton made history in Sochi on Sunday when he won the inaugural Russian Grand Prix for his fourth straight victory to extend his lead in the F1 title race and secure Mercedes a maiden constructors’ title.
      AFP  -  247 words
  • Page 32 Advertisements
    • 719 32 A special feature brought to you by “Location, location, location!” That used to be the battle cry of retailers and businesses all clamouring to get the best location that would ensure the most traffic to their business. GIVE BUSINESS PROSPECTS WHAT THEY WANT: ENGAGING, EMOTIONAL AND EDUCATIONAL CONTENT! Today, the
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  • Page 32 Miscellaneous
    • 319 32 CRYPTIC CROSSWORD Across 1 ‘Ask me out to party’, so gets along (5,2) 5 Flashing lights bringing movement to a stop? (7) 9 A classic hat worn by Americans (5) 10 Non-stop passenger-carrying flight (9) 11 Claim tax in crooked endeavour that ends in disappointment (10) 12 Luggage in hold?
      319 words

  • DINING OUT
    • 1016 33  -  The new eatery serves up a mixed platter of authentic Mexican classics. BY JAIME EE BY JAIME EE NEW RESTAURANT El Mero Mero 30 victoria street #01-20 Tel: 6337-1377 Open for lunch and dinner daily: 12pm to 2.30pm; 6pm to 11pm WE had
      PHOTOS: EL MERO MERO, JAIME EE  -  1,016 words
  • Page 33 Advertisements
    • 93 33 Win a trip for 2 to Sydneydne Fly ScootBiz and enjoy a 3-night stay and A$200 voucher for Chiswick Restaurantstaurant Five other readers will each get $100 in shopping vouchers from The Straits Times. Contest closes on Oct 19, 2014 For a chance to win Go to the Apple App
      93 words