The Business Times, 16 October 2014

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Total Pages: 35
1 36 The Business Times
  • 29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Thursday, 16
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  • 236 1 era Realty Network is bolstering its strength in the very niche segment of good class bungalows and landed deals, ushering in some seasoned dealmakers into the firm.TOP STORIES 2 The government has introduced a slew of initiatives designed to improve productivity and standards in the bunkering industry.
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  • 26 1 Wednesday Change STI 3,198.72 +4.32 KL COMP 1,786.84 -9.54 NIKKEI 225 15,073.52 +137.01 HANG SENG 23,140.05 +92.08 SHENZHEN B 968.33 +10.00 DOW(noon EDT) 16,072.35 -242.84
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  • 783 1  -  Combination of sluggish sales and price declines spells painful journey ahead for property market, say observers By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE 648 private homes developers sold last month were up 48 per cent from 437 units in
    Source: CBRE Research, URA  -  783 words
  • 724 1  -  But some economists believe the slide has bottomed; overall visitor number for the quarter slips 6% to 2.6m By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE’S second-quarter tourism was again hammered by the severe drop in China visitors. The retreat however appears to
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  • Page 1 Advertisements
    • 244 1 *****4 PRICE CUTS The Crest relaunched with prices 5% to 10% lowerREAL ESTATE 18 WTA SINGAPORE What Sharapova likes most about being a businesswoman BRENT OIL PRICES Crude oil continues fall to hit 4-year low amid oversupply TOP STORIES 4 STILL GOING STRONG Bonds still in favour amid wobbly markets
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  • TOP STORIES
    • 539 2  -  A group of 60 sales agents from JLL Residential joins ERA, another 100 JLL agents cross over to PropNex By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ERA Realty Network is bolstering its strength in the very niche segment of good class bungalows (GCBs)
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    • 620 2  -  Sing50 organisers want your input on the music for the programme, which will have old and new popular songs By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore IF YOU are a proud fan of Singapore music and would like to Sing
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    • 611 4  -  Financially-savvy Maria Sharapova gets just 10% of her earnings from tennis tournament prize money WTA SINGAPORE EYE Lee U-wen |eeuwen@sph.com.sg @LeeUwenBT Singapore IT’S not too difficult to understand why Maria Sharapova is the world’s highest-paid female athlete, a distinction that Forbes has bestowed on her for 10 straight
      PHOTO: CAROLINE CHIA/ THE STRAITS TIMES  -  611 words
    • 749 4  -  Productivity and standards to be raised; PIC for bunker suppliers, craft operators By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore IN further efforts to safeguard Singapore’s reputation as a top global bunkering port, the government on Wednesday introduced a slew of initiatives designed to
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    • 527 6 It has fallen 25% from the mid-June peak; analysts say prices will drop further unless Opec cuts output REUTERS London BRENT crude fell to a fresh 47-month low on Wednesday before recovering to just above US$84 a barrel as faltering
      REUTERS  -  527 words
    • 318 6  -  New police chief Hoong wee Teck will take over on Jan 6 By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore LEADERSHIP changes are afoot at the Ministry of Home Affairs (MHA) and the Ministry of the Environment and Water Resources (MEWR). Commissioner of Police
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    • 471 6  -  AdNear’s US$19m is highest this year, beating GrabTaxi’s US$15m in May, and top in ad-tech industry globally STARTING UP By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A SINGAPORE-BASED mobile advertising startup has raised US$19 million in Series B, believed to be the highest
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    • 1009 6  -  By Shu-Ching Jean Chen btworld@sph.com.sg Shanghai SHANGHAI gave Andras Forgacs the idea of founding one of the world’s leading tech startups, Modern Meadow, when he lived in the city as a venture capitalist in 2010 and 2011. A passionate meat eater,
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  • Page 2 Advertisements
    • 168 2 www.peugeot.com.sg E facebook.com/peugeotsg THERE'S ALWAYS ROOM FOR AN ADVENTURETHE NEW5008 1.6e-HDi MPV WITH ROOM FOR 7. IT'S TIME TO PLAN BIG. is! f* f mi 7 K sooa O Low fuel consumption 1.5 e-HDi turbo diesel engine with 6-speed gearbox provides class-leading fuel efficiency (Up to 23.3km/litre or 1,398km per
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  • Page 4 Advertisements
    • 391 4 Ill mil c THE STAR AND GARTER RICHMOND HILL iSHRiiS ill II i I ii i nil II is m iii m rj s i I London Square is proud to present THE STAR AND GARTER A magnificent collection of luxury apartments within Richmond’s most famous building The Star and
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    • 17 4 BBHBE It's A 'Discovery! Great Score! Penfolds St. Henri Shiraz 2010 www.oaks.com.sg Usual:GS149.00 Now: S$115.00 OAKS 97=1-#
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  • Page 6 Advertisements
    • 206 6 1 ii ASEAN BUSINESS INVESTMENT SUMMIT 2014 REGISTER NOW ASEAN’s Premier Annual Business and Investment Event 11-13 November Myanmar International Conference Centre II Nay Pyi Taw Myanmar VL 7. Don Lam VinaCapital Group Yasmin Tun Thura Htet Melvyn Pun Michael Riady Timothy Amstulz David Carden Aladad Khan Myanmar Information SPA
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  • COMPANIES & MARKETS
    • 436 8  -  Small mid-cap companies association says proposed rule will add ‘no meaningful value’ to capital markets By Angela Tan angelat@sph.com.sg Singapore SINGAPORE’S Small and Middle Capitalisation Companies Association (SMCCA) believes that Singapore Exchange’s (SGX’s) proposed adoption of a Minimum Trading Price (MTP) will
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    • 316 8  -  HOT STOCK By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SHARES in Singapore Airlines (SIA) receded from a high of S$9.78 in intra-day trading to close at S$9.69 on Wednesday, up eight cents. However, the stock has been under pressure for roughly the last one
      Source: Bloomberg  -  316 words
    • 323 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore QIAN Hu Corporation on Wednesday posted a 10.2 per cent fall in net profit for the third quarter as revenue dipped and cost of sales inched up. The ornamental fish group said net profit for the
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    • 708 10  -  Lower profit contribution from newspaper and magazine business partially offset by improved performance from other business segments By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore MEDIA and property group Singapore Press Holdings (SPH) reported on Wednesday a 6.2 per cent year-on-year drop in net profit for
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    • 546 10  -  MARINE PLAYS By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE third-quarter negative profit guidance Vard Holdings released on Tuesday has confirmed analysts’ fears that the group’s recovery may be stalled, prompting some to cut their ratings of the firm’s stock. In its statement to SGX,
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    • 215 10  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SINGAPORE-listed Triyards Holdings has acquired Strategic Marine’s facilities in Singapore and Vietnam for A$23.3 million. This follows the group’s announcement on Tuesday that it had entered into an agreement with Henderson Marine Base to buy its entire issued share
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    • 803 11  -  Multi-disciplinary professional services provider ZICO Holdings lodges its preliminary offer document By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE flurry of interest this week for a Catalist listing saw another company interior fit-out specialist Serrano Limited launching its initial public offering on Wednesday. Separately,
      PHOTO: ARTHUR LEE  -  803 words
    • 503 11  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HOTEL Properties on Wednesday said it has formed a 70:30 joint venture (JV) to buy the former Royal Mail Delivery Offices in central London for 111 million (S$225 million). The JV is
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    • 621 14  -  But investors are showing some caution amid the flight to fixed-income safety BONDS By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore COMPANIES continue to sell bonds amid wobbly financial markets as investors flee to the safety of fixed income. But bankers say investors
      Source: Bloomberg  -  621 words
    • 265 14 FITCH RATINGS Sydney THE third quarter was a relatively quiet period for issuance of dim sum bonds, but Fitch Ratings expects it to rebound in the fourth quarter and the trend of yearly increases in dim sum bond issuance to
      FITCH RATINGS  -  265 words
    • 340 14  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group, which on Wednesday said it has received US$3.36 billion due to it, has had its ratings affirmed at BBB- by Fitch Ratings. The largest commodities trader in Asia by revenue said it had received US$1.5 billion in
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    • IN BRIEF
    • 670 16  -  Benign Chinese inflation data holds up regional markets; gains in banking stocks provide support for the local index TT STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THE local bourse’s key index snapped out of its three-day losing streak on Wednesday, albeit without
      Source: Bloomberg  -  670 words
    • 305 16 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 +4 225/221 250 206 6.4 5659.8 CapitaLand 303 +1 305/301 348 268 15.2 2.6 ***** CapitaMall Trust 192 +2.5 193/190 209 180 5.3 6657.7 CityDev 927 +7 932/921 1118 860 12.6
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    • 36 16 VOLUME Vard 78,792,000 IHC 74,294,000 Top Global 52,606,000 Otto Marine 51,486,000 APAC Strategic 46,824,000 Market volume 1,635,294,000 VALUE Keppel Corp 82,867,514 Vard 53,908,035 DBS Grp 45,868,940 SingTel 36,895,025 Genting Sing 25,416,960 Market value 955,780,000
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    • 107 16 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 324 126 325/323 343/298 323/324 IS MS India US$ US735 -6 81 740/719 779/541 735/737 91.9 DBXT MSPHILS US$ US197.7 -0.4 55 197.7/197.3 214/162.7 197.6/198.3 15.8 Lyxor CRBNonEny US$ US236 +1 49 236/236 261/228
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    • 77 16 Oct 15 VALUE CLOSE BT OB/OS -1056.00 -61.00 BT CADI -*****.00 -156.00 BT 10-day MA -*****.00 -106.00 FTSE ST Mid Cap 737.57 -2.59 FTSE ST Small Cap 505.48 -5.64 FTSE ST All Share 773.53 -0.20 FTSE ST China Top 185.25 -0.97 FTSE ST China 218.73 -0.57 FTSE
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    • 35 16 STI FTSE ST All-Share ftse ST All-Share index Oct 15,2014 773.53 -0.20 (-0.03%) Current streak 2 days Day high 775.81 Day low 772.89 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • 33 16 STI MSCI EAFE MSCI EAFE Index Oct 14,2014 1,746.90 -8.94 (-0.51%) Current streak 1 day Day high 1,761.82 Day low 1,730.16 52-week high 1,995.49 (July 3, 2014) 52-week low 1,746.90 (OCt 14, 2014)
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    • 186 16 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 3 0 0 0 3 9 3 Manufacturing 27 65 38 5 7 11 32 72 49 Commerce 14 21 29 2 7 7 16 28 36 Tpt/Stor/Comms 6 23 12
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    • 121 16 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,421 23,421 109,699 109,699 Manufacturing 312,073 44,242 356,315 113,153 3,885 117,038 Commerce 60,869 39,613 100,482 73,324 2,475 75,798 Tpt/Stor/Comms 185,099 1,677 186,776 183,064 283 183,347 Finance 14,459 137 14,596 94,940 36 94,975 Construction 78,265 67,704
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    • Article, Illustration
      63 16 STI Catalist Straits Times index Oct 15,2014 3,198.72 +4.32 (+0.14%) Current streak 1 day Day high 3,210.00 Day low 3,194.03 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) ftse ST Catalist index Oct 15,2014 787.79 -17.15 (-2.13%) Current streak 2 days Day high 806.26 Day low
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    • 77 16 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 8656 90.7 0.8 9636/6957 DBXT AUDBonds AU$ ***** 63.2 0.3 *****/***** DBXT iBoxxSvEu US$ ***** 46.0 0.1 *****/***** Lyxor AsiaCS US$ 5924 44.7 0.6 6360/5562 DBXT iBoxxKR US$ ***** 33.2 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Heeton W*****3
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    • 78 16 BY CENTS CLOSE UP 52w high/low GLD US$ ***** -93.3 -0.6 *****/***** SPDR DJIA US$ ***** -89.5 -0.4 *****/***** DBXT AUDCS US$ ***** -75.4 -0.3 *****/***** DBXT EONIA US$ ***** -74.1 -0.3 *****/***** JMH USD 5794 -62.6 -0.8 6460/4934 BY PERCENTAGE CLOSE DOWN 52w high/low NOL MB eCW*****2 2.2
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    • 80 16 VOL CLOSE($) CHANGE Zhongxin Fruit 259.0 0.035 +0.012 +52.17 Vard 78,792.0 0.695 -0.125 -15.24 Techcomp 528.0 0.440 +0.050 +12.82 Pavillon 201.0 0.095 -0.017 -15.18 ISOTeam 6,154.0 0.465 -0.025 -5.10 Otto Marine 51,486.0 0.054 -0.006 -10.00 China Haida 42.0 0.019 +0.004 +26.67 China Hongcheng^ 50.0 0.007 -0.001 -12.50 Ley
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    • BROKERS’ TAKE
      • 136 16 Buy Oct 15 close: S$1.83 Fair value: S$2.09 OCBC Investment Research, Oct 15 Singapore Post (SingPost) has just announced that it will develop a fully integrated regional e-commerce logistics hub to cater to its expanding e-commerce logistics business and the fast-growing e-commerce market. In our three-stage DCF (discounted
        136 words
      • 85 16 Sell Oct 15 Close: S$0.695 Target price: S$0.57 DMG Partners Research, Oct 15 Vard has just guided for “marginally negative” third-quarter Ebitda (earnings before interest, tax, depreciation amortisation), surprising even our bearish case. We are cutting Vard’s FY2014-FY2016 earnings forecasts by 32 per cent, 22 per cent and
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      • 157 16  -  Compiled by Joyce Hooi Buy Oct 15 close: S$0.31 Target price: S$0.41 DBS Group Research, Oct 15 Restructuring of lighting customer is uncertain; could impact profits but impact may not be substantial. 70-75 per cent of Valuetronic’s profits are from growing Industrial and stable PC BA divisions; new
        157 words
      • 31 16 DATA I 2.00 am US Federal Reserve Beige Book MEETINGS: I 2.30 pm B M Trustees AGM I 12.00 noon Fu Yu Corp EGM I 3.00 pm Hisaka Hldgs EGM
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    • 410 17 TT CURRENCIES BLOOMBERG London A GAUGE of the dollar climbed for a second day as investors favoured the US on signs that its economic momentum is set to outpace the country’s major peers. The Bloomberg Dollar Spot Index, which tracks the greenback
      BLOOMBERG  -  410 words
    • FOREX RATES
      • 471 17 Oct 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 5.345 0.690 6.768 53.586 106.728 0.935 9.291 2.859 1.114 89.769 39.119 1.115 9.659 0.833 26.541 28.373 0.549 0.873 Canada 1.009 5.393
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      • Article, Illustration
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      • 155 17 Oct 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1149 1.1153 0.8725 0.8727 Canadian dollar 1.1247 1.1255 0.8807 0.8802 Euro 1.6158 1.6164 1.2645 1.2648 NZ dollar 1.0008 1.0014 0.7832 0.7836 Sterling pound 2.0307 2.0315 1.5892 1.5896
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      • 22 17 Oct 15 S$ Bid Offer 1-month 1.2778 1.2780 2-months 1.2778 1.2780 3-months 1.2778 1.2781 6-months 1.2777 1.2780 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 362 17 Oct 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.75 *****.61 *****.65 Dec14 *****.00 *****.00 *****.00 *****.00 *****9 *****6 Mar15 *****.00 *****.00 *****.00 *****.00 39 580 MSCI TAIWAN INDEX FUTURES SPOT 321.30 321.82 317.09 Oct14 319.50 321.50 316.90 317.40 ***** *****7 Nov14 318.20
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      • 214 17 Most active Oct 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****6 9.2 0.2 9660 0.2 1880 3 Vard Holdings MB eCW*****1 2.8 -2.7 4500 0.4 100 45 62.05 12 TIH Limited W*****9 0.6 0.1 4271
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      • 373 17 In local curr In S$ In US$ dy yr dy yr dy yr Oct 14 Index Change Change Change Change Change Change World Preliminary 1182.4 0.5 -0.2 0.6 -1.5 0.4 -2.4 EAFE Preliminary 918.7 -0.3 -3.9 -0.3 -7.9 -0.5 -8.8 Europe Preliminary 1308.6 0.3 -3.4
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    • BANK RATES
      • 154 17 Oct 15 $S Offer Bid 0vernight 0.05 0.01 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.12 US$ 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 17 Oct 15 (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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      • 65 17 Oct 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.07 5-Year N*****0H 1.625 01-Oct-19 100.87 101.05 100.90 10-Year NY*****H 3.000 01-Sep-24 106.36 106.50 106.40 15-Year NY*****E 2.875 01-Jul-29 102.71 102.80 102.80 20-Year NZ*****V 3.375 01-Sep-33 108.62 108.75 108.75
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    • AGRI METALS ENERGY
      • 212 17 Oct-14 Price Net change change Last Trade Agricultural Oct-14 CBOT Soybeans (US cents/bu) 964.75 19.50 2.06% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.44 -0.44 -1.34% 14/10/2014 CBOT Wheat (US cents/bu) 509.25 4.00 0.79% 12/12/2014 Oct-14 LIFFE Cocoa (£/tonne) 2035.00 37.00 1.85% 12/12/2014 LIFFE Coffee (US$/tonne) 2155.00 -14.00 -0.65%
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      • 53 17 OCt 15 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2178.0 848 Nov 14 2162.0 2153.0 2172.0 2128.0 2807 ***** Dec 14 2155.0 2133.0 2158.0 2111.0 ***** *****7 Jan 15 2163.0 2137.0 2165.0 2114.0 ***** *****
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  • Page 8 Advertisements
    • 743 8 SERRANO LIMITED (Company Registration No.: *****3004Z) (Incorporated in the Republic of Singapore on 18 September 2012) INITIAL PUBLIC OFFERING SUBSCRIBENOW!Invitation closes on 23 October 2014 at 12 noon and trading commences on 28 October 2014 at 9 am A LEADING PROVIDER OF INTERIOR FIT-OUT SOLUTIONS IN SINGAPORE AND SOUTHEAST ASIA
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 264 11 Graduate Certificate In Applied Portfolio Management (g-CAPM) Programme Dates: 23 February 1 March 2015 18 May 24 May 2015 The CAMRI Applied Portfolio Management Programme is a 7-day state-of-the-art training programme at NUS Business School, Singapore, developed by academic professionals for investment professionals, and conducted at the world’s most advanced
      264 words
    • 416 11 GAS ASIA SUMMIT Conference and Workshop Marina Bay Sands I Singapore 28 30 October 2014 Six Ti A GASTECH REGIONAL EVENT 250 International and Regional VIPs and C-Level Decision Makers Hear from leadin 9 industry experts including: 30 Industry Experts and Thought Leaders 3 Days of High-Level Discussions and Exclusive
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  • Page 12 / 13 Advertisements
    • 1084 12 / 13 SINGAPORE PRESS HOLDINGS LIMITED INCORPORATED IN SINGAPORE. CO. REG. NO. *****2868E Audited Results for the Year ended August 31, 2014 (Extract) SPH REPORTS FULL YEAR NET PROFIT OF $404.3 MILLION Group operating revenue was $24.3 million (2.0%) lower compared to FY2013. Revenue for the Newspaper and Magazine business fell $59.5
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  • Page 14 Advertisements
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  • REAL ESTATE
    • 605 18  -  Prices now from S$980,000 to s$3m, say marketing agents PRICE CUTS By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DEVELOPERS of The Crest, a 99-year leasehold project in Prince Charles Crescent launched in June, have re-opened the showflat, tagging the units at prices
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    • 707 18  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A SAMPLING of 20 existing private residential projects on the market by R’ST Research showed that 12 of them had declines in median prices on units sold by their respective developers, ranging from 0.4
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    • 341 19  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CAPITALAND’S The Ascott on Wednesday announced that it has opened its first serviced residences in Hangzhou, China, and in Hamburg, Germany. It has also opened its second Ascott-branded serviced residence in Jakarta and secured a management contract for
      PHOTO: THE ASCOTT LIMITED  -  341 words
    • 398 19 BLOOMBERG London OVERSEAS investors own almost a quarter of incomeproducing commercial property in the UK after more than doubling their holdings in a decade, Property Industry Alliance said. Buyers from abroad held 24 per cent of the shopping malls, warehouses, hotels and
      BLOOMBERG  -  398 words
    • 365 19 BLOOMBERG New York NORDSTROM Inc, the retailer planning to open its first New York City store on Midtown’s West 57th Street, is seeking space in lower Manhattan for a second location, brokers from CBRE Group Inc have said. Executives of the
      BLOOMBERG  -  365 words
    • 448 20  -  Property firms, net sellers in Q3 at home, upped their acquisition activity overseas, says DTZ report By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ACQUISITIONS by real estate investment trusts (Reits) pushed up real estate investments, and property companies became net sellers
      Source: DTZ Research  -  448 words
    • 311 20 BLOOMBERG Berlin GINGKO Tree Investment Ltd, a unit of the agency that manages China’s foreign currency reserves, is in talks to buy a Munich office park valued at 500 million euros (S$812.3 million), said sources with knowledge of the
      BLOOMBERG  -  311 words
    • 334 20 BLOOMBERG Hong Kong NEW World Development Co, the builder controlled by the family of Hong Kong billionaire Cheng Yu-tung, won the tender for a HK$10.4 billion (S$1.7 billion) site in the city that can provide at least 2,900 new homes.
      BLOOMBERG  -  334 words
    • 457 20 BLOOMBERG Washington PREMIUM Point Investments LP bought an Atlanta-based landlord and property manager as the US home-rental industry continues to draw investors after gains of almost 30 per cent in real estate values. The US$1.7 billion hedge fund and private-equity firm run by Anilesh
      BLOOMBERG  -  457 words
    • 1226 22 Proposed measure would raise US$665m every year with surcharge on properties valued at over US$5m NEW YORK PROPERTY BLOOMBERG New York A POLITICAL battle is brewing at the apex of New York’s property market. The real estate industry is mobilising to kill a
      BLOOMBERG; PHOTO: AFP  -  1,226 words
    • 410 22 BLOOMBERG New York NEW York University (NYU) won an appeals court ruling allowing a planned US$6 billion expansion in Manhattan’s Greenwich Village to move forward, overcoming a challenge by a group seeking to save rare urban parkland. The city’s approval of the
      BLOOMBERG  -  410 words
    • 427 22 BLOOMBERG Mumbai THE Indian government has announced rules for setting up real estate investment trusts, vehicles that may spur US$20 billion of property development. None of the money will be spent unless the country’s tax code is revised. “Reits cannot
      BLOOMBERG  -  427 words
    • 1040 23 But their lending remains far below last year’s levels as they struggle to increase home-purchase mortgages after imposing tough credit requirements BLOOMBERG Boston AS the largest US banks rebuild their mortgage lending, with gains last quarter, they face the challenge of finding qualified borrowers
      BLOOMBERG; PHOTO: REUTERS  -  1,040 words
    • 1328 23 Property transactions for districts 1 to 28 with contract dates between September 3 and September 9,2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED One Shenton Apt 08/09/2014 99 2239 4523 2020 District 2 NON-LANDED Skysuites Anson Apt
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  • Page 18 Advertisements
    • 152 18 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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    • 154 18 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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  • Page 19 Advertisements
    • 361 19 Glen brook m Hammersmith London W6 Glenbrook modern luxury apartments and penthouses are in the heart of fashionable Hammersmith, offering style, luxury and easy access to all that London has to offer m M f. ft n XV- i T- > ■S> > r i i -V s xr--^V f
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  • Page 20 Advertisements
    • 305 20 GALLOP GREEN 13. 15. 17 19 WOOLLERTON PARK Knight Frank ST 1 Freehold DIO From $1,850 sq ft Mins to Holland V Dempsey Hill Site area 143,221 sq ft Total units 13 TH, 40 Apts Unit types Foreigner Eligible, Rare 13 TownHse 4+3 frm 4,241 sq ft Spacious 40 Apts
      305 words
    • 284 20 FOR SALE BY EXPRESSION OF INTEREST SINGLE UNIT IN PRUDENTIAL TOWER Grade-A quality specification Ideal for Owner Occupation or Investment Covered access to Raffles Place and Telok Ayer MRT Spacious car drop off point Further enhancement to double-storey height modern lobby Column-free regular floor plate Ample car-parking provision with 181
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  • Page 22 Advertisements
    • 336 22 (§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
      336 words
    • 193 22 FOR SALE BY TENDER Address 35 Tuas View Crescent, Singapore *****8 Description A part 1/part 3-storey detached factory Tenure JTC 30 years 30 years from 1 December 1999 Land Area Approx. 15,998.80 sqm (172,209.48 sqft) Gross Floor Area Approx. 16,538.20 sqm (178,015.53 sqft) Master Plan Zoning Business 2 with a
      193 words


  • BANKING & FINANCE
    • 611 24  -  Sales marketing, and engineering talent also saw double-digit rises in 2013: survey By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S strong economic growth and demand for specific skill sets boosted the salaries of bankers and finance professionals, enabling them to command the largest wage spikes
      PHOTO: BLOOMBERG  -  611 words
    • 466 24 NYT New York JPMORGAN Chase reported that it swung to a profit in the third quarter thanks to better results from its Wall Street operations. The bank earned US$5.57 billion in the quarter, or US$1.36 a share, compared with a loss
      NYT  -  466 words
    • 576 24 Bank also says its probe revealed a new US$15m fraud at its Mexican unit REUTERS New York CITIGROUP Inc said it was pulling out of consumer banking in 11 markets, including Japan and Egypt, as the US bank with
      REUTERS  -  576 words
  • Page 24 Advertisements
    • 2812 24 SINGAPURA FINANCE LTD (Incorporated in the Republic of Singapore on 10 June 1969) (Company Registration No. *****0340N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE FORTY-FIFTH ANNUAL GENERAL MEETING of Singapura Finance Ltd will be held at 391A Orchard Road. Tower A, #26-00, Ngee Ann City, Singapore
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  • ENERGY & COMMODITIES
    • 675 25 Shale boom sharply cuts America’s crude imports, freeing up oil for overseas markets and putting pressure on Opec AFP New York PROPELLED by surging shale output, the United States is fighting for supremacy in the global oil market even as a pullback in
      AFP; PHOTO: REUTERS  -  675 words
    • 477 25 imports for oil, natural gas and thermal coal cost EU around US$500b in 2013 REU TERS London THE European Union could save up to US$80 billion in energy imports if oil prices remain low, providing some relief to households and
      REUTERS  -  477 words
    • 502 25 BLOOMBERG Melbourne RIO Tinto Group insists that tumbling iron ore prices won’t halt the low-est-cost producer’s plans to give money back to shareholders. “We shouldn’t panic when there’s a blip in iron ore prices,” Rio Chief executive Officer Sam Walsh told
      BLOOMBERG  -  502 words
  • Page 25 Advertisements
    • 1736 25 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices AMTEK ENGINEERING LTD Company Registration No. *****3886K (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Amtek Engineering Ltd (the “Company”) will be held at 35 Pioneer Road
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  • TECHNOLOGY
    • 689 26  -  Seven projects will receive these grants over the next 2-5 years to carry out research in various cyber-security fields By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore ‘AMERICAN Blackout’, a film that premiered on National Geographic last year, told a tale of a
      689 words
    • 481 26 REUTERS Boston THREE Google Inc researchers have uncovered a security bug in widely used Web encryption technology that they say could allow hackers to take over accounts for email, banking and other services in what they have dubbed a “Poodle”
      REUTERS  -  481 words
  • Page 26 Advertisements
    • 2892 26 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices SWEEHONG FIRST WORLD CITY BUILDERS SWEE HONG LIMITED (Company Registration No. *****1852R) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY
      2,892 words
    • 517 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF A-STAR FOOD COURT PTE LTD Co Reg No. *****5146E (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of A-STAR FOOD COURT PTE LTD, duly convened and held on 10 October 2014, the following
      517 words

  • CONSUMER
    • 533 27 Like-for-like sales growth at fashion and leather division its biggest reached 3% in nine months to Sept 30 REUTERS Paris LVMH, the world’s biggest luxury group, posted improved sales growth for the third quarter on Tuesday as stronger trading in Europe and the United
      REUTERS; FILE PHOTO  -  533 words
    • 366 27 DramaFever offers Korean TV programmes on Internet for English-language viewers BLOOMBERG Tokyo SOFTBANK Corp agreed to buy DramaFever Corp, which offers Korean TV programmes online for Eng-lish-language viewers, adding to the Japanese carrier’s spate of online content acquisitions. DramaFever, which had raised US$12 million from
      BLOOMBERG  -  366 words
    • 327 27 AFP New York WORN by millions all over the world, the Converse sneaker is a slice of Americana beloved by everyone from British public school boys to rap stars, from aged rockers to athletes. But popularity has a dark side. Converse Inc
      AFP; FILE PHOTO  -  327 words
  • Page 27 Advertisements
    • 28 27 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
    • 1691 27 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices n s ix pi n a HAFARY HOLDINGS LIMITED (Company Registration No. *****8637C) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hafary Holdings Limited (“the Company”) will
      1,691 words

  • TRANSPORT
    • 730 28 It’s the first major global campaign by Toyota since US move in August to supervise the carmaker’s safety procedures BLOOMBERG Tokyo TOYOTA Motor Corp, the carmaker under supervision in the United States by an independent safety monitor, recalled 1.75 million vehicles
      BLOOMBERG  -  730 words
    • 664 28 BLOOMBERG Frankfurt MERCEDES-Benz’s G-Class is about as sleek as a snow plough, costs more than twice the average US household income and hasn’t had a redesign since its introduction in 1979 and sales are higher than ever. Deliveries of the box-shaped
      BLOOMBERG; FILE PHOTO  -  664 words
    • 431 28 BLOOMBERG Los Angeles CARNIVAL Corp has agreed to help build China’s first cruise ship as travel demand increases, placing the country on course to become the sec-ond-biggest market for the leisure boats in three years. Carnival will sign a memorandum of understanding
      BLOOMBERG  -  431 words
  • Page 28 Advertisements
    • 1375 28 The Business Times NOTICES Toll free 1800-289-8822 Email noticesiSsph.com.sg www.sphclass.com.sg/notices P<KN42U UK.O24KLUK0 0U8P R24/3 MOLO0U6 HANKORE ENVIRONMENT TECH GROUP LIMITED aV.P-)+-)f’NO J. "N)0&Of‘ K40O8U 4T <KK/<M RUKU2<M LUU0OKR Q95V!Z V6 WZ7Z"h XV4ZQ 5W#5 ’KN #..&fG XN.N)fG RNN’J.L -M Wf.T-)N Z.%J)-.0N.’ 5NPK X)-&+ SJ0J’NO dJGG eN KNGO f’ T7@+9!?@ 2??A %C(V%C&G
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  • GOVERNMENT & ECONOMY
    • 703 29 Concern about the disease has started to affect investor psychology, contributing to a 17% decline in airline stocks BLOOMBERG New York EBOLA has gone from blip to bogey on the market radar. Concern about the deadly disease has started to affect investor psychology,
      BLOOMBERG  -  703 words
    • 493 29  -  By S Jayasankaran Kuala Lumpur THE number of Malaysia-bound tourists from China and Taiwan has dipped significantly following the two Malaysia Airlines (MAS) incidents and the abduction of tourists including a Chinese national from Sabah by brigands from the Philippines, Malaysia’s parliament
      PHOTO: AFP  -  493 words
    • 650 30 Beijing widely expected to continue rolling out a steady stream of stimulus measures in coming months REUTERS Beijing CHINA’S consumer inflation slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling fast
      REUTERS; PHOTO: REUTERS  -  650 words
    • 470 30 LATEST US DATA BLOOMBERG Washington RETAIL sales in the US dropped more than forecast in September, reflecting a broad-based pullback that signalled consumers took a breather. The 0.3 per cent decrease followed a 0.6 per cent August gain that was the biggest in
      BLOOMBERG  -  470 words
    • 257 30 Its audit committee finds the parent’s offer fair and reasonable REUTERS Kuala Lumpur MALAYSIAN Airline System Bhd (MAS), the loss-making airline hit by two jet disasters this year, on Wednesday described the buyout offer from its major shareholder as fair, and advised
      REUTERS  -  257 words
    • 361 30 HK PROTESTS REUTERS Hong Kong HONG Kong’s most prominent tycoon, Li Ka-shing, on Wednesday urged protesters who have occupied parts of the city since late last month to go home, after police mounted their toughest action against the democracy activists in more than a
      REUTERS; PHOTO: REUTERS  -  361 words
    • 437 30  -  Gains seen as likely effect of holidays and promotions By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore RETAIL sales expanded 5.4 per cent year on year in August, lifted by sales of motor vehicles, without which overall sales would have dipped 1.6
      437 words
  • Page 29 Advertisements
    • 3141 29 HO I NTERN AT I N A L TEHO INTERNATIONAL INC LTD. (Company Registration Number *****1433K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM”) of TEHO INTERNATIONAL INC LTD. (the "Company”) will be held at Novotel Singapore
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  • Page 30 Advertisements
    • 1031 30 The Business Times NOTICES LABORATORY EQUIPMENT AND OTHER ASSETS FOR SALE Invitations for Expressions of Interest are sought for the sale of laboratory equipment and other office, computer and fixtures and fittings currently located in Bintan Island. Sale will be by tender on an “as is where is” basis. Key
      1,031 words

  • 1063 31 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 31 Advertisements
    • 34 31 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE r 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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  • OPINION
    • 572 32 JUST four weeks to go before the leaders of 20 economies meet in Australia at the annual G20 summit, the final gathering of the world’s major powers on such a scale before the year ends. EDITORIAL While they should use
      572 words
    • 826 32  -  TT THE BOTTOM LINE By William Pesek BLOOMBERG VIEW CHINA has the Great Hall of the People. Hong Kong has the “Great Hall of the Tycoons”. The above-mentioned phrase was uttered by Briton David Webb on Saturday night as he addressed a
      BLOOMBERG VIEW  -  826 words
    • 1161 32  - INVENTION INNOVATION The focus needs to go from novel technologies to novel business models. BY KARAN GIROTRA AND SERGUEI NETESSINE models.BY KARAN GIROTRA, SERGUEI NETESSINE T The writers are professors at Insead and co-authors of the book, “The Risk-Driven Business Model: Four Questions that will Define your Company” THOMAS Edison,
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  1,161 words
    • 974 33  -  TAXING GLOBAL BUSINESSES By Simon Clark T The writer is regional partner, alternative investments, at kpmg in Singapore; the views expressed are his own THE OECD’s base erosion and profit shifting (BEPS) initiative seeks to create a tax system based on concepts
      974 words
    • 969 33  -  By Andrew Topf RUNNING a multi-billion dollar energy company isn’t easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. Some, like Enron, were brought down because of insider malfeasance. A few,
      969 words
    • 964 33  -  Countries in the region must act now to take the next big leap for regional connectivity. BY SHAMSHAD AKHTAR T The writer is an under-secretary-general of the United Nations and executive secretary of the Economic and Social Commission for Asia and the Pacific (Escap). Established in
      PHOTO: AFP  -  964 words



  • LIFE & CULTURE
    • 483 35  -  Honoured for their work in the arts, they will each also get an S$80,000 grant. BY RACHEL LOI BY they RACHEL LOI rachloi@sph.com.sg @RachelLoiBT THEATRE practitioner Alvin Tan, sculptor Chong Fah Cheong and poet K T M Iqbal will be bestowed the
      PHOTOS: NATIONAL ARTS COUNCIL  -  483 words
    • 395 35  -  President’s awards celebrate ‘depth of love, generosity of spirit, and constancy of care and compassion for others’. BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT A CHARITY group run by furniture chain Courts CEO Terry O’Connor and PwC were two of 10 organisations and people honoured
      395 words
    • 329 35 AFP Tokyo FASHION Week Tokyo was in full swing on Tuesday after it opened in a burst of colour and bold prints, with butterflies, kisses and geometric patterns dominating the first shows. Hanae Mori, one of Japan’s most internationally
      AFP; PHOTOS: AFP  -  329 words
    • 342 35  -  By Lisa Fratini IBM is branching into the culinary world. That’s right, it has teamed up with Bon Appetit, an American food and entertainment magazine, to launch the world’s first “cognitive cooking application”. The high-level data analysis software christened Watson was presented at IBM’s
      PHOTO: IBM  -  342 words
  • Page 35 Miscellaneous
    • 320 35 CRYPTIC CROSSWORD Across 1 Intense blow wrought sporting injury (6,5) 9 Bank facility is put back in store by a titled figure reportedly (7,7) 11 Speed of car at event (4) 12 Archdeacon facing American space traveller (5) 13 Preserve part of castle (4) 16 Foreigner largely full of hypocritical
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