The Business Times, 17 September 2015

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Microfilm: NL33614
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    35 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 s|:}1 A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [1 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Thursday. September 17. 2015
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  • Article
    Lock icon MARKETS
    27 1 MARKETS Wednesday Change STI 2,868.74 +26.80 KL COMP CLOSED NIKKEI 225 18,171.60 +145.12 HANG SENG 21,966.66 +511.43 SHENZHEN B 1,046.62 +30.48 DOW (11.45am EDT) 16,681.96 +82.11
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  • Article, Illustration
    Lock icon DAILY DIGEST
    195 1 Emerging markets need to “buckle their seatbelts in case the ride gets bumpy” during the upcoming monetary tightening cycle, the world Bank says. TOP STORIES 6 Carlyle Group raises US$4.2 billion for its seventh US real estate fund, meeting the top end of its target range, in preparation
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  • Article, Illustration
    Lock icon 2015 S’pore GP looks set for strong finish
    892 1  -  Ticket sales for public tracking ahead of last year; haze conditions expected to improve By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE build-up to this year’s Singapore Grand Prix (Sept 18-20) may have appeared quieter compared to previous years, but interest in the
    PHOTO: SUTTON IMAGES  -  892 words
  • Article
    Lock icon Developers renew call to tweak cooling measures
    769 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore WITH the general election over, the developers’ body is back to lobbying the government to tweak the property cooling measures. Augustine Tan, president of the Real Estate Developers’ Association of Singapore (Redas), said on Wednesday: “The property
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      219 1 8 "*****1 *****4 HOCK LOCK SIEW US rate hike could be disastrous for its consumers COMPANIES MARKETS 7 SGX CLOSING PRICES in response to growing interest in stock investing, BT is collaborating with SGX to publish closing prices of SGX-listed stocks in the Companies and Markets section page 12 IWC
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      24 1 PUBLIC TRANSPORT IMPROVEMENT Commuters are happier now: survey transport 22 NON-CONSTITUENCY MPS Dennis Tan, Lee Li Lian and Leon Perera elected TOP STORIES 4
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      10 1 KL TENSION Red Shirt march generally peaceful TOP STORIES 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Red Shirt march in KL generally peaceful
      821 2  -  Only blemish was attempt by a section of demonstrators to enter Chinatown By Pauline Ng btworld@sph.com.sg Kuala Lumpur RACIAL tensions were briefly raised on Wednesday after a march by tens of thousands of Malays to assert their dominance and their support of Prime
      PHOTO: AFP  -  821 words
    • Article, Illustration
      Lock icon Malaysia needs deep-seated reforms, not just liquidity boost
      490 2  -  COMMENTARY By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore MALAYSIA needs deep-seated reforms to mend shattered confidence in its markets, not recycled window-dressing measures to prop up its flagging stock market. Some RM23 billion net worth of funds have ditched the Malaysian equity market
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    • Article, Illustration
      Lock icon PM Lee lauds FairPrice’s role in nation-building
      607 4  -  He opens S$350m FairPrice Hub which has a distribution centre, HQ, training centre and members-only supermart By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore NTUC FairPrice has played an important role in nation-building ever since it opened the first of its supermarkets inToaPayoh back in
      PHOTO: LAU FOOK KONG / THE STRAITS TIMES  -  607 words
    • Article, Illustration
      Lock icon Lee Li Lian, Dennis Tan, Leon Perera elected as NCMPs
      518 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore LEE Li Lian, Dennis Tan and Leon Perera of the Workers’ Party (WP) have been elected as non-constituency members of parliament (NCMP), the Elections Department (ELD) announced on Wednesday. Ms Lee, who lost her
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    • Article, Illustration
      Lock icon Need for speed
      139 4 FORMULA 1 driver Jenson Button thrilled fans with an appearance at the Esso Synergy Race Off finale on Wednesday, ahead of the Singapore Grand Prix race weekend. The event caps the Esso Synergy Race Off that took place earlier in September. Participants across Singapore were given the
      PHOTO: SHAWN TEO  -  139 words
    • Article
      Lock icon New priority areas for research in next five years: DPM Teo
      561 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE government will focus research efforts in the next five years on advanced manufacturing, biomedical sciences, urban solutions and digital technologies, says Deputy Prime Minister Teo Chee Hean. These areas, which he said
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    • Article
      Lock icon PAP pays tribute to Lee Kuan Yew
      799 4  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PEOPLE’S Action Party (PAP) politicians paid tribute to the late Lee Kuan Yew on what would have been his 92nd birthday on Wednesday, saying Singapore’s founding father can rest in peace knowing that Singaporeans voted hugely in
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    • Article
      Lock icon Buckle up for turbulence ahead: World Bank, IIF
      732 6  -  Emerging and “frontier” market economies urged to prepare for bumpy ride with monetary tightening cycle By Anthony Rowley btworld@sph.com.sg Tokyo EMERGING and “frontier” market economies in Asia and elsewhere need to “buckle their seatbelts in case the ride gets bumpy” during the
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    • Article, Illustration
      Lock icon Exorcising the ghost of Asian financial crisis
      778 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE strength of the US dollar has created an illusion that Asian export numbers are weak, and Asian currencies are plunging wrongly invoking the ghost of the Asian financial crisis as a result, a senior economist at
      Source: DBS  -  778 words
  • Page 2 Advertisements
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      183 2 The taste of pure luxury and supreme performance. Experience unmatched power with the 520 bhp Audi S8. The Audi S8 boasts a 0-100km/h time of just 4.1s thanks to its twin-turbocharged V8 engine, and is the only car in its class equipped with quattro® permanent all-wheel drive. With Audi cylinder
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      94 3 I A juin W 24 1?) <3r <? A t c/: sr f8 w S-l oo ON 1 ca e Cj> cK v* o \o -s> <5: A B Vl o> w 5 -ov 12 WT 92 guidOdQ) ■a 1 H i I Midnight Planetarium Poetic Complication .Complication watch, automatic
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  • Page 5 Advertisements
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      1100 5 pun ii novita COMPLETE AIR QUALITY CONTROL, BEYOND HAZE AND MORE! With PuriClean Complete™ 3-in-1 Air Purifier NAP 001H Aspire for limitless quality air, even with the haze looming over us! Novita PuriClean Complete™ 3-in-1 Air Purifier NAP 001H works diligently to purify the air with its 3-stage PuriClean Complete™
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  • Page 6 Advertisements
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      126 6 WEST 4 ONNECT BUILDING I TOP SOON B2 ramp-up factory Jalan Buroh Sizes from 1,733 to 10,000 sqft 20/40-footer access Suitable for Marine Engineering, Carpentry, Car Workshop etc Special price from Attractive^ NeSIricds aa MMMOTE for first 20 purchasers i m p S "L r i i i i i
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  • COMPANIES & MARKETS
    • Article
      Lock icon Fed rate hike could be disastrous for US consumers
      721 7  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT IN the early hours of Friday morning, traders around the world will know the outcome of one of the most anticipated US Federal Open Market Committee (FOMC) meetings in recent history. Those who
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    • Article
      Lock icon Gemdale offers to buy back all its offshore USD and yuan bonds
      431 7  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore GEMDALE, a China real estate company, is buying back all its offshore US dollar and Chinese yuan bonds because it can now get cheaper funding at home. Bondholders are likely to
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    • Article, Illustration
      Lock icon Strong demand for LTA’s S$1.3b bond sale
      360 7  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT THE Singapore dollar bond market is falling but that has not stopped the Land Transport Authority (LTA) from selling more debt. Last Thursday, the LTA sold a total of S$ 1.3 billion bonds in two tranches –five-year
      Source: Bloomberg  -  360 words
    • Article
      Lock icon Ditch ‘Singapore’ brand mindset to boost creativity
      506 8  -  Firms urged to think of themselves as global companies By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore LOCAL companies have long sought to capitalise on the “Singapore” brand when venturing overseas but business creativity expert Fredrik Haren thinks it could be time for that labelling
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    • CORPORATE DIGEST
      • Article
        Lock icon International Healthway Corp
        122 8 INTERNATIONAL Healthway Corp (IHC) said a sale and purchase agreement to sell two of its office properties in Melbourne to a third-party buyer has been terminated at the request of the buyer. The group has decided that it will retain these properties to start a private Reit
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      • Article
        Lock icon Pharmesis International
        87 8 PHARMESIS International on Wednesday entered into a share subscription agreement with Shenzhen Sichuang Meishi Pharmaceuticals Research And Development Co Ltd, a Chinese R&D pharmaceutical company. Under the agreement, the latter will subscribe for three million new shares in Pharmesis for S$1.5 million in cash. The group said it
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      • Article
        Lock icon Travelite Holdings
        73 8 TRAVELITE Holdings has revealed that it is in talks on a potential acquisition that could be “a major transaction”, based on the discussions with the vendor at the current stage. This comment was made in response to a query from the Singapore Exchange on the announcement it made
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    • Article
      Lock icon Few universal banks offer value today: Bain
      414 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A NEW report by Bain Company offers yet another check on the universal bank model. Its recent analysis of 250 banks globally showed that one in nine are what it dubbed sustained value creators. This was defined
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    • Article
      Lock icon Liftboat order of S$70.5m boosts Technics counter
      376 8  -  By Tan Hwee Hwee hweetan@sph.com.sg Singapore TECHNICS Oil Gas is the latest Singa-pore-based offshore marine player to enter into liftboat construction following its announced S$70.5 million newbuild order on Tuesday, which triggered positive movement in the counter on the SGX overnight. The newbuild
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    • Article, Illustration
      Lock icon Managing cyber threats effectively
      761 8  -  Companies must treat cyber risks like any serious business risk and formulate a comprehensive response that goes beyond technology. BY FRANCIS KAN technology.BY FRANCIS KAN TO effectively manage cyber attacks, companies must broaden their focus beyond just security and technology and develop a top management-driven, enter-prise-wide
      PHOTO: AFP; FILE PHOTO  -  761 words
    • Article
      Lock icon Formulating the right response
      125 8 Source: Analytics and Cybersecurity: The shape of things to come A COMPANY’S cyber risk response should be ongoing and iterative. The programme should evolve as the organisation gains more insight into the nature, scope and location of threats, and garners a better understanding of what it
      Source: Analytics and Cybersecurity: The shape of things to come  -  125 words
    • Article, Illustration
      Lock icon Heating up the refrigeration industry
      1192 9  -  Family business ITC Refrigeration is led by millennial with fresh ideas and her father By Ong Hui Qun ohuiqun@sph.com.sg Singapore THE refrigeration industry is not exactly one of the hottest options for fresh university graduates, much less psychology majors with little engineering background. But Teresa
      PHOTO: SHAWN TEO  -  1,192 words
    • Article, Illustration
      Lock icon From pizza by the slice to Adam Road nasi lemak
      1075 9  -  Pezzo co-founder Chiang Zhan Xiang focuses on building a presence in food kiosks, instead of restaurants By Raphael Lim btnews@sph.com.sg Singapore WHEN it comes to party food, pizza usually ranks among the most popular options, given the ease of sharing
      PHOTO: ARTHUR LEE  -  1,075 words
    • Article, Illustration
      Lock icon Traders position for possible relief rally
      688 10  -  ST Index rebounds 26.8 points ahead of the US Federal Reserve’s decision on interest rates TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER falling 47 points since the start of the week, the Straits Times Index on Wednesday bounced 26.8 points to 2,868.74 in
      Source: Bloomberg  -  688 words
    • Article
      Lock icon LOSERS
      72 10 BY CENTS CLOSE DOWN 52w high/low DBXT MSINDO us$ 1013 -14.0 -1.0 1494/972 Hyflux 6% CPS ***** -10.0 -0.1 *****/***** NutryFarm 30 -8.0 -21.1 51.5/16 DairyFarm USD 605 -7.0 -0.8 999/601 DBS Grp 1743 -6.0 -0.3 2150/1723 BY PERCENTAGE CLOSE DOWN 52w high/low Serrano R 0.1 -50.0 -0.1 0.4/0.1
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    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 221 +3 222/219 271 213 6.6 5592.2 CapitaLand 277 unch 282/277 379 267 10.1 3.2 *****.5 CapitaMall Trust 188.5 +2 188.5/187 228 184.5 5.8 6541.7 CityDev 805 +7 809/796 1095 794 9.7
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    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME New Silkroutes 129,610,000 Ezra 74,384,800 Noble 63,362,300 MDR 58,526,100 Genting Sing 55,255,500 Market volume 1,497,334,000 VALUE Singtel 127,300,539 DBS Grp 127,006,997 Global Logistic 66,954,735 YZJ Shipbldg SGD 48,078,601 Genting Sing 42,025,893 Market value 1,105,634,000
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    • Article
      Lock icon SGX ETFs
      104 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 293 +3 193 294/292 355/287 292/293 IS MS INDIA US$ US677 +2 178 679/673 1000/648 676/679 84.6 DBXT MSRussia US$ US180 +4 76 180/177 266/140 181/182 DBXT MSBrazil US$ US260 +2 42 261/260 532/250
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Sep 16 VALUE CLOSE BT OB/OS -65.00 +285.00 BT CADI -*****.00 +132.00 BT 10-day MA -*****.00 -7.00 FTSE ST Mid Cap 668.31 +6.49 FTSE ST Small Cap 403.54 +4.82 FTSE ST All Share 689.73 +6.59 FTSE ST China Top 168.71 +3.36 FTSE ST China 204.35 +4.20 FTSE
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      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index Sept 16,2015 689.73 +6.59 (+0.96%) Current streak 1 day Day high 692.99 Day low 686.62 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24, 2015)
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      Lock icon STI / MSCI EAFE
      32 10 STI MSCI EAFE MSCI EAFE Index Sept 15,2015 1,701.52 +3.73 (+0.22%) Current streak 1 day Day high 1,706.47 Day low 1,693.60 52-week high 1,949.49 (May 15, 2015) 52-week low 1,671.12 (sept 4,2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 1 3 0 0 0 9 1 3 Manufacturing 62 27 22 8 2 13 70 29 35 Commerce 20 14 15 4 3 5 24 17 20 Tpt/Stor/Comms 19 5 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,895 17,895 51,884 51,884 Manufacturing 199,060 28,453 227,513 139,873 867 140,740 Commerce 222,300 37,174 259,474 85,656 2,693 88,349 Tpt/Stor/Comms 174,893 3,547 178,440 204,163 271 204,434 Finance 20,871 3 20,874 231,906 1 231,907 Construction 17,640 290
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low JMH USD 4712 127.3 2.0 6788/4502 DBXT China50 US$ 2990 107.7 2.6 4258/2750 Lyxor Indonesia US$ 6450 83.9 0.9 9378/6250 DBXT Vietnam US$ 2308 76.9 2.4 3059/2139 DBXT Nifty US$ ***** 62.9 0.4 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Soon Lian 8.8
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    • Article
      Lock icon UNUSUAL ACTIVITY
      85 10 VOL CLOSE($) CHANGE Soon Lian 50.0 0.088 +0.031 +54.39 Full Apex 155.0 0.030 -0.001 -3.23 Serrano 68.0 0.110 +0.018 +19.57 SBI Offshore 4,003.3 0.192 +0.012 +6.67 A-Sonic Aero 179.0 0.180 -0.009 -4.76 FJ Benjamin 141.9 0.107 +0.010 +10.31 Design Studio 150.9 0.600 +0.060 +11.11 Pollux Prop 25.0 0.050
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    • Article
      Lock icon BROKERS’ TAKE
      477 10  -  Compiled by Claire Huang Hyflux Hold Sept 16 close: S$0.71 Target price: S$0.72 OCBC Investment Research, Sept 16 Hyflux Ltd announced on Tuesday that it, together with partner Mitsubishi Heavy Industries (MHI), has been picked as the preferred bidder by the National Environment Agency (NEA) to develop a
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    • Article
      Lock icon CALENDAR
      18 10 DATA I 8.30am (Sept 17) Singapore Non-oil Domestic Exports I 9.30pm (Sept 17) US Initial Jobless Claims
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    • Article
      Lock icon Greenback gains on rising US yields
      423 11 CURRENCIES REUTERS London THE dollar rose against a basket of currencies on Wednesday, underpinned by lofty US yields, after upbeat consumer spending data kept alive expectations the Federal Reserve would raise interest rates. Two-year Treasury yields reached their highest in over four years and
      REUTERS  -  423 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Sep 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.948 4.572 0.637 5.563 47.651 103.769 0.863 8.423 3.092 1.127 74.872 33.483 1.004 9.657 0.698 23.291 25.828 0.468 0.718 Canada 1.055 4.822
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Sep 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0034 1.0042 0.7175 0.7180 Canadian dollar 1.0583 1.0588 0.7571 0.7567 Euro 1.5751 1.5754 1.1263 1.1264 NZ dollar 0.8903 0.8912 0.6366 0.6372 Sterling pound 2.1452 2.1456 1.5339 1.5341
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      • Article
        Lock icon US$/S$ FORWARD RATES
        23 11 Sep 16 S$ S$ Bid Offer 1-month 1.3999 1.4003 2-months 1.4013 1.4018 3-months 1.4026 1.4032 6-months 1.4062 1.4070 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 11 Most active Sep 16 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 14.1 -0.3 ***** 0.1 1860 5 FTSEChinaA50 ***** MBeCW*****7 16.2 2.8 9430 0.0 --2 Rowsley Ltd W*****3 1.8 unch 6551 1 18 13 OCBC
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Sep 15 Index Change Change Change Change Change Change World Preliminary 1239.7 0.6 -2.8 0.4 0.9 0.6 -4.7 EAFE Preliminary 982.4 0.4 -0.4 0.0 1.5 0.2 -4.1 Europe Preliminary 1381.5 0.9 0.0
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 11 Sep 16 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9347.50 9842.50 9265.00 9700.00 *****0 *****4 Oct15 9147.50 9620.00 9052.50 9490.00 7250 ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****7 Mar16 *****.00 *****.00 *****.00 *****.00 10 501 MSCI TAIWAN
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 11 Sep 16 $S Offer Bid 0vernight 0.05 Par 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.25 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • Article
        Lock icon SIBOR
        36 11 Sep 16 1 mth 1 mth 1.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** SOLIVCSI THDTHSOI7 RQUTGFS
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 Sep 16 Sep 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.77 5-Year N*****0S 2.000 01-Jul-20 98.69 98.80 98.60 10-Year NX*****Z 2.375 01-Jun-25 95.99 96.00 96.00 15-Year NZ*****F 2.875 01-Sep-30 96.98 97.15 96.72 20-Year NZ*****V 3.375 01-Sep-33 103.47
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 11 Sep-15 Price Net change change Last Trade Agricultural Sep-15 CBOT Soybeans (US cents/bu) 889.00 4.75 0.54% 13/11/2015 CBOT Soybean Oil (US cents/lb) 26.47 -0.46 -1.71% 14/10/2015 CBOT Wheat (US cents/bu) 494.75 -6.50 -1.30% 14/12/2015 Sep-15 LIFFE Cocoa (£/tonne) 2186.00 -16.00 -0.73% 15/09/2015 LIFFE Coffee (US$/tonne) 1574.00 -8.00 -0.51%
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      • Article
        Lock icon PALM OIL
        57 11 Sep 15 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 2050.0 2050.0 2050.0 2050.0 26 636 Oct 15 2130.0 2107.0 2130.0 2100.0 1027 8417 Nov 15 2201.0 2148.0 2207.0 2146.0 ***** ***** Dec 15 2250.0 2192.0
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    • Article
      Lock icon SGX MAINBOARD
      1850 12 Transaction date: Sep 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last 35.2 15.2 A-Sonic Aero Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 135 +0.5 370 137 134 1 8.2 856.2 LOW 183
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    • Article
      Lock icon SGX CATALIST
      401 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day LOW Div C'vr GrYld Net 2.8 1 t Asian Micro MCap 35 28.5 16.3 t Asiatravel.com t 3Cnergy 57.5 32 t Atlantic Nav 45.5
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    • Article
      Lock icon SGX ETF
      108 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last sale vol 4258 2750 DBXT China50 US$ US2990 +77 26 2990 2925 8.2 High 532 250 DBXT MSBrazil US$ US260 +2 42 261 260 1750 1151 DBXT MSCHINA US$
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      120 7 v J human capital v'C leadership x institute ASEAN IMMERSION LEADERS PROGRAMMME TWO COUNTRIES ONE IMMERSIVE EXPERIENCE 26-30 October 2015 Singapore Jakarta CAPTURE THE POTENTIAL OF ASEAN TODAY Is your business positioned to tap on ASEAN’s integration opportunities? How can you Leverage on Singapore as a hub for investment in
      120 words
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      Lock icon Page 7 Advertisements Column 2
      174 7 Deutsche Bank db.com By invitation 5th Annual Women in Asian Business Conference Men Matter September 22, 2015 'p&T'fbYwL The fifth edition of Women in Asian Business Conference will showcase an array of accomplished speakers who will debate men's role as critical partners in creating sustainable change towards diversity and inclusion
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  • Page 8 Advertisements
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      109 8 Instant boiling water and endless flow of fresh, pure filtered water At a touch of the tap... The Billi Sahara 31OXL SG50 promotion at $2,400 with GST (Usual Price $3,200) Convenience Lowest energy consumption Unique Eco-lntelligence Technology p*per' enC #05-0 3 C entreP°' nl And yes... A Billi system typically
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  • Page 9 Advertisements
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      17 9 Stone Forest IT Some IT tasks are better OUTSOURCED Contact us for a complimentary IT Health-Check session
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      79 9 These companies are two of the 14 finalists of the Emerging Enterprise Award 2015. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2015 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover of S$15 million or less.
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  • Page 12 Advertisements
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      71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article
      Lock icon Carlyle raises US$4.2b for US real estate fund
      430 13 Its previous real estate fund had a net internal rate of return of 24% as of June 30 BLOOMBERG Seattle CARLYLE Group raised US$4.2 billion for its seventh US real estate fund, meeting the top end of its target range, in preparation
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      Lock icon Marriott to bring its brand into South Africa
      165 13 BLOOMBERG Cape Town MARRIOTT International Inc plans to develop a Johannesburg hotel and executive apartments at a cost of about one billion rand (S$ 104.9 million), the US hotelier’s first own-branded properties in South Africa. The accommodation will open by February 2018,
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      Lock icon Commercial land prices in Japan’s big cities on the rise
      281 14 REUTERS Tokyo COMMERCIAL land prices in Japan’s three largest metropolitan areas rose 2.3 per cent in the 12 months ended June 30, extending gains as low interest rates spurred property acquisitions, a government survey showed. Commercial land prices for areas
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      Lock icon Senegal plans city to ease capital gridlock, woo China investors
      709 14 It’s the most ambitious infrastructure project yet of the president, who’s vowed to double growth by 2020 BLOOMBERG Abidjan ON a plain dotted with rotund baobab tree trunks, Senegal is planning its future. The government of the West African nation
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      Lock icon Battle over mobile-home parks in California
      931 16 Developers eyeing the prime land on which these parks are built but that will mean displacing the poor residents BLOOMBERG New York THE free market wouldn’t plop down a trailer park just a few kilometres from downtown San Jose. At least not today, in
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      Lock icon International Plaza’s 36th floor office units put up for sale
      338 16  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE 36th storey office units at International Plaza have been put up for sale through an expression-of-interest exercise, at a total indicative price of S$25 million. The en bloc sale of the office units
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      Lock icon Danish central bank warns of rising speculation in housing
      404 17 It urges lenders to require borrowers to make down payments bigger than minimum 5% set as at Nov 1 BLOOMBERG Copenhagen DENMARK’S central bank said a sudden surge in house prices, especially in the capital Copenhagen, suggests buyers are becoming more
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      Lock icon Househunt
      1343 17 Property transactions for districts 1 to 27 with contract dates between Aug 5 and Aug 11,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED One Shenton Apt 06/08/2015 99 581 1100 1892 One Shenton Apt 05/08/2015 99 1098
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      Lock icon Billionaire’s London Mayfair homes project gets go-ahead
      247 17 BLOOMBERG London CROSSTREE Real Estate Partners, the property investor backed by Swiss billionaire Ernesto Bertarelli, won approval to develop homes and a hotel opposite the Ritz hotel in the Mayfair area of London. The project, which will include 52 apartments, was approved late
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      314 13 wsm r SHOPS m V v FOR SALE f ~*K r f k 4 m m v ft ~U{ m y$5 r Jf S£ '■V /I Individual or bulk purchase of 3 ground floor shop units (1 unit of 377 sq ft 2 units of 420 sq ft each) in
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      303 13 PRIME STRATA OFFICE UNITS FOR SALE INTERNATIONAL PLAZA CEAEstateAgent Licence No. L*****58I heng fatt property pte ltd Rare Investment Opportunity to acquire office units swimming pool on the 36th floor of International Plaza, 10 Anson Road, Singapore Direct connection to Tanjong Pagar MRT Station Nearby major expressways Highest office floor
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      399 14 Auction Sale Rare Opportunity GCB Binjai Park Luxurious Good Class Bungalow Land approx. 20,961 sq ft Sizeable Freehold land Exquisite resort-style living Prestigious Bukit Timah district Auction Date Time: 23 Sept 2015 (Wed) 2.30pm Auctioneer Mok Sze Sze 9828 0866 CEA Reg No: R*****7H CEA Lic No. L*****26E CEA Lic
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      155 14 PLEASE JOIN US High-Tea Sales Seminar 19 Sept 2015, Sat 3 5pm Sales Gallery; SRH Office 300 Beach Road #29-03A The Concourse S’pore *****5 t; 6429 1333 w: srh.com.sg RSVP;968I 6688 Mr. Ben Foo(ro2jjj/g) Talk On: 3pm Expanding Your Business Operations To Nusajaya Johor 4pm Understanding Types Of Business Grants
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      248 14 COMMERCIAL UNITS FOR SALE MARINE PARADE CENTRAL CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E Opportunity to acquire a portfolio of 20 strata office units at Parkway Centre Located within a popular suburban centre in the Eastern region of Singapore. To be sold subject to existing tenancies 1 20 strata office
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      561 15 LILLIE SQUARE EAST LAUNCHING SOON REGISTER NOW SALES EXHIBITION Date: Friday 25thto Sunday 27thSeptember Time: 11am to 7pm Venue: Windows West, Level 20, Four Seasons Hotel Address: 190 Orchard Boulevard, Singapore *****6 YOUR LONDON SPACE Following the tremendous sales response from Phase One we are delighted to announce the new
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      109 17 RENT Bedazzled! Black White Holland t m SALE FOR A villa feel, a luxurious vintage piece, a black and white theme with total comfort and every element of modern finish you could hope for Nestled near Holland Village, its sensational elegance and classic features combine the whispers of yore with
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      28 17 Clinic sizes ranging from 700 to 1500 square feet For an exclusive viewing, please contact our leasing team 6434 9808 audrey.seen@plpl.com.sg 6434 9832 keith.koh@plpl.com.sg One Orchard Boulevard camden.com.sg
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      3 17 Hong Fok Group
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  • BANKING & FINANCE
    • Article
      Lock icon Bankers quitting to join online lenders in China
      708 18 internet finance startups offer better packages and more exciting workplace BLOOMBERG Shanghai AFTER enduring a two-year pay freeze at Bank of Communications and seeing his eight-year career as a credit card risk manager in Shanghai stall, Zhu Jun headed for the exit.
      BLOOMBERG  -  708 words
    • Article
      Lock icon Citibank launches service for emerging affluent
      219 18  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CITIBANK Singapore on Wednesday launched a new service targeted at the emerging affluent customers in the country. This will cater to those with investible assets of between S$50,000 and S$200,000. These customers will earn higher interest rates, reaching
      219 words
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      Lock icon Nets to roll out new e-payment devices
      552 18  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore CELEBRATING its 30th anniversary, e-payments provider Nets on Wednesday unveiled its Nets 2.0 strategy which aims to transform payments and empower consumers with the ability to complete transactions using their mobile devices in a quick, secure
      552 words
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      632 18 GOOD CLASS BUNGALOW LAND FOR SALE HOLLAND PARK Brand New Land ***** sf Build Up ***** sf Contemporary tropical design Beautiful land Wide frontage Easy access, mins to Botanic Garden, Priced to sell SWISS CLUB ROAD Land ***** sf Beautiful elevated yet flat land Amazing view BELMONT Open House Easy
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  • ENERGY & COMMODITIES
    • Article
      Lock icon China targets program trading in review of commodities rules
      597 19 Beijing appears concerned about potential for trading volumes to overwhelm futures markets REUTERS Shanghai CHINA is extending its control of onshore markets to commodities exchanges, spooked by signs that speculators have shifted from China’s volatile stock markets to commodities futures. The
      REUTERS  -  597 words
    • Article
      Lock icon Shell starts up 2 new S’pore petrochem plants
      478 19  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHELL has started up two new worldscale petrochemical plants on Jurong Island, further strengthening its manufacturing presence in Singapore and boosting its chemicals footprint in Asia. The start of the high-purity ethylene oxide (HPEO) purification unit
      478 words
    • Article
      Lock icon Cheap coal upsets LNG market’s aspirations
      237 19 BLOOMBERG Tokyo ADD cheap coal to the challenges keeping the golden age of liquefied natural gas far from reality. Coal is gaining market share in the European Union while the role of natural gas in the region has shrunk in the past year, Christopher
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      Lock icon El Nino looms over Philippine growth
      559 19 REUTERS Manila THE Philippine economy has outpaced most of its Asian neighbours in the last two years, but its large rural sector may drag on growth in the second half as it confronts what forecasters say will be one of the worst El Nino
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      Lock icon GE plans to move jobs to France amid uncertainty over Exim financing
      621 19 REUTERS Washington GENERAL Electric Co said on Tuesday it will move as many as 500 US power turbine manufacturing jobs to Europe and China because it can no longer access US Export-Import Bank financing, reigniting a congressional battle
      REUTERS; PHOTO: AFP  -  621 words
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      464 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices HAW PAR CORPORATION LIMITED Company Registration No. *****0437M (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Estate of
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  • TECHNOLOGY
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      Lock icon HP to cut about 30,000 jobs as break-up looms
      786 20 The two companies to emerge in November are designed to be more nimble and specialised BLOOMBERG San Francisco HEWLETT-Packard Co (HP), the technology company splitting into two separate entities, said it will cut as many as 33,300 more jobs as chief
      BLOOMBERG; PHOTO: REUTERS  -  786 words
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      Lock icon Putting ad-blocking software on iPhone boosts Apple and hurts its rivals
      719 20 REUTERS Paris APPLE Inc’s move to make ad-block-ing software available on the iPhone is a double-barrelled effort to boost the health of the so-called app economy, while undermining arch rival Google Inc, which dominates the US$120 billion online advertising
      REUTERS; PHOTO: REUTERS  -  719 words
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      Lock icon Coming soon to Facebook: a new button for ‘dislike’
      728 20 NYT San Francisco FACEBOOK’S famous “like” button, with its silhouette of an upturned thumb, will soon be accompanied by an alternative: a way to “dislike” a post. On Tuesday, Mark Zuckerberg, the company’s co-founder and chief executive, said that Facebook was
      NYT  -  728 words
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      Lock icon Twitter tries to spur growth with shopping and political donations
      410 20 REUTERS Chicago TWITTER Inc’s plans to let users buy goods and make political donations through tweets offer a path to reach new customers and build profit at a time when the company has struggled to increase its audience. On Tuesday,
      REUTERS  -  410 words
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  • CONSUMER
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      Lock icon Price war with Xbox on the cards as Sony cuts PlayStation 4 by 13% in Japan
      525 21 Aggressive move by PS4 may counter Microsoft’s strong game line-up for 2015 holiday season BLOOMBERG Tokyo SONY Corp is cutting the price of its PlayStation 4 in Japan by about 13 per cent, increasing
      BLOOMBERG; PHOTO: BLOOMBERG  -  525 words
    • Article
      Lock icon Comcast eyes big businesses to offset TV-subscription loss
      564 21 BLOOMBERG New York COMCAST Corp has begun selling high-speed Internet and phone service to large businesses, hoping to offset the decline of cable-TV subscribers by entering a market dominated by AT&T Inc and Verizon Communications Inc. The biggest US cable company has
      BLOOMBERG  -  564 words
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      Lock icon Inditex sales growth quickens on shop, online expansion
      459 21 BLOOMBERG Madrid INDITEX SA, the world’s largest clothing retailer, reported brisker sales in the current quarter as the owner of Zara added more shops and online businesses in Asia. Revenue rose 16 per cent in the start of this quarter through Sept
      BLOOMBERG; PHOTO: REUTERS  -  459 words
    • Article
      Lock icon Target enters grocery delivery with Instacart
      222 21 REUTERS Chicago TARGET Corp said on Tuesday it has partnered with Instacart Inc to deliver groceries for as little as US$3.99 per order, as it overhauls its food business and competes with Amazon.com Inc’s grocery delivery service. The discount retailer will launch a pilot
      REUTERS  -  222 words
    • Article
      Lock icon Antibacterial soap has no effect on germs: study
      383 21 AFP Paris ANTIBACTERIAL hand soaps containing a chemical flagged as potentially dangerous are not much better at killing germs than regular suds, researchers said on Wednesday. The chemical, triclosan, was long one of the commonest ingredients in antibacterial soaps, which are used
      AFP  -  383 words
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      38 21 INDIA A US$5 TRILLION ECONOMY BY 2025? Singapore firms can benefit from this great surge forward He started the biggest personalfinance website in Singapore GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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  • TRANSPORT
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      Lock icon Commuters happier with public transport: survey
      586 22  -  Score for rail services rises 3.7% in Q2 but is expected to take a hit in Q3 following the July 7 disruption By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore COMMUTERS seem to be happier with Singapore’s public transport system, particularly taxi services and public buses,
      586 words
    • FRANKFURT MOTOR SHOW
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        Lock icon Maserati to arrive late at crowded luxury SUV party
        770 22 Its Levante now expected to debut by end-Q1 2016, most likely at Geneva Motor Show REU TERS Frankfurt AS competitors gear up to put on display new luxury sport utility vehicles (SUVs) at the 2015 Frankfurt Motor Show, Maserati is keeping
        REUTERS  -  770 words
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        Lock icon As profits sag, Hyundai seeks to regain edge
        425 22 REUTERS Namyang, South Korea SOUTH Korea’s Hyundai Motor Co, whose former growth was driven by value-for-money vehicles, is developing sports cars in its latest attempt to spruce up its brand image while it tries to stem a slide in mainstream sales and
        REUTERS  -  425 words
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        Lock icon BMW to rethink strategy with driverless vehicles
        461 22 REUTERS Frankfurt GERMAN carmarker BMW is preparing to rethink its products, design and business models for the advent of driverless cars, a board member at the Bavarian company said on Tuesday. Peter Schwarzenbauer said the competitive advantage for premium carmakers will be rooted
        REUTERS; PHOTO: AFP  -  461 words
    • Article
      Lock icon Indian govt tells airlines to cut fares or face price caps
      350 22 BLOOMBERG New Delhi THE Indian government told the country’s airlines to find ways to reduce “excessive” fares on some routes and said it is open to introducing price caps if their responses are inadequate. Carriers will need to present
      BLOOMBERG  -  350 words
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      Lock icon SHIPPING TIMES
      779 26 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
      779 words
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      39 22 SINGAPORE BL G AWARDS m w sp m ts si Winner's Interview series a 2 0 15 tt 1 to show people the beauty of the world we live in want 11 kl i! m ns Hi Hr-; blog.omy.sg/sgblogawards
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      21 22 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company’s financial performance through The Straits Times Notices. 14/myj jun
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  • GOVERNMENT & ECONOMY
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      Lock icon Asia-Pac millionaires set to become world’s richest: report
      659 23 Meanwhile, two of South-east Asia’s richest businessmen hit by dollar’s strength AFP BLOOMBERG Singapore ASIA-Pacific millionaires are set to become the world’s richest next year, a report said on Wednesday, driven largely by wealthy individuals in India and China. The combined wealth
      AFP; BLOOMBERG; PHOTOS: BLOOMBERG  -  659 words
    • Article
      Lock icon ADB flags large foreign currency debts of Asian companies
      463 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo CURRENCY depreciations in Asia threaten firms with large foreign currency debts, the Asian Development Bank (ADB) said on Wednesday, while also signalling that tumbling commodity prices could hurt highly leveraged companies. The warning by the Manila-based
      463 words
    • Article
      Lock icon Consumer prices post first decline in 7 months
      438 23 LATEST US DATA BLOOMBERG Washington PRICES paid by American households declined in August as cheaper gasoline helped keep inflation below the objective of Federal Reserve policy makers. The consumer-price index dropped 0.1 per cent, the first decline since January, after rising 0.1
      BLOOMBERG  -  438 words
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      Lock icon Assistant head of China securities regulator investigated
      231 23 AFP Beijing CHINA’S ruling Communist Party said on Wednesday it had placed an assistant chairman of China’s top securities regulator under investigation, after months of declines in Chinese stock markets. Zhang Yujun is being investigated for “serious violations of discipline”, the party’s internal
      AFP  -  231 words
    • Article
      Lock icon Spillover from China manageable, barring financial crisis, says OECD
      659 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE impact of a larger-than-expected slowdown in China would be “significant” for many countries in Asia and elsewhere that are heavily exposed to the world’s second largest economy, the Organisation for Economic Cooperation and Development (OECD)
      659 words
    • Article
      Lock icon S&P snubs Abenomics by downgrading Japan’s credit rating
      433 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’s Abenomics received an effective slap in the face on Wednesday as rating agency Standard Poor’s downgraded the country’s sovereign credit rating by one notch, citing relative lack of progress in reviving economic growth and ending deflation
      433 words
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      213 23 Will recent devaluation of China RMB continue to affect the stock market? What are the potential opportunities in stocks from a Fundamental Perspective? Attend and learn how to position yourselves as traders or investors in the current global stock markets. Course Highlights Course Details Benjamin Graham and Warren Buffet’s VALUE
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  • OPINION
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      Lock icon Formula One race is as much about technology as it is about speed
      627 24 THE Formula One (F1) race, to be held in Singapore again this weekend, is celebrated as one of the top yearly sporting events here. EDITORIAL There is a lot of glitz and glamour associated with the event
      627 words
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      Lock icon China should judge others by what they do today
      822 24  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA showed in its Sept 3 military parade in Beijing that it wants to be viewed not just as an
      822 words
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      Lock icon EU needs long-term policies on refugees
      1377 24  -  The refugee crisis has revealed key policy failings that Europe should address if it is to regain control over its borders. BY CHRIS MILLER BY CHRIS MILLER T The writer is associate director of the Grand Strategy Programme at Yale and a fellow at
      PHOTO: REUTERS  -  1,377 words
    • Article
      Lock icon Board diversity provides boost for business
      1031 25  -  COMMENTARY By Mark Billington T The writer is regional director, ICAEW South-east Asia THE Singapore government is committed to promoting and safeguarding gender diversity. he country adopted the Women’s Charter early in its history (1961) and female rights are explicitly protected in Singapore’s Constitution.
      1,031 words
    • Article
      Lock icon ‘Noflation’ exposes limits of quantitative easing globally
      545 25  -  By Mark Gilbert BLOOMBERG CALL it “noflation”. Consumer prices everywhere are stubbornly refusing to rise even after central banks have pumped trillions of dollars into the global economy via quantitative easing. Figures published on Tuesday show that annual consumer prices were stagnant in
      BLOOMBERG  -  545 words
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      Lock icon UK at a critical crossroads vis-a-vis its place in Europe
      1295 25  -  The government’s renegotiations of the terms of Britain’s future membership of the EU are apparently failing to make much headway. BY ANDREW HAMMOND headway.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International Affairs,
      PHOTO: REUTERS  -  1,295 words
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  • Page 26 Advertisements
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      179 26 PLACE VOUR AD HERE r THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1 327 FORWARDER urgently needed by shippers ADVERTISE, CALI IOE WONG AT 9620 1 Can they find your services Here in the Shipping Times? S PING TIMES Announce Your Corporate Development y Come publicise your
      179 words
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  • LIFE & CULTURE
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      Lock icon Serena serves up New York fashion after shock US Open defeat
      488 27 Her collection of fashion wear is practical, comfortable, affordable and infused with a relaxed, everyday casual vibe AFP New York SERENA Williams put a brave face on her shock US Open defeat, unveiling her latest fashion collection in New
      AFP; PHOTOS: REUTERS; PHOTO: REUTERS  -  488 words
    • Article
      Lock icon Family of Ng Teng Fong donates S$20m to museum
      261 27  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE family of the late Ng Teng Fong, founder of Far East Organization, has donated S$20 million to the National Gallery Singapore, and is now the museum’s fifth founding partner. The donation will go towards
      261 words
    • Article
      Lock icon Twombly blackboard painting up for auction
      379 27 BLOOMBERG New York A CY Twombly painting depicting rows of chalky loops on gray surface may fetch more than US$60 million in New York in November. Sotheby’s scored the 1968 canvas from the Los Angeles-based collector Audrey Irmas for its evening sale of contemporary
      BLOOMBERG  -  379 words
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      Lock icon Maiyet turns ethical luxury into New York cool
      498 27 AFP New York LUXURY label Maiyet, which partners with artisans from far-flung corners of the world, made its fashion week debut with a sensuous collection in desert hues designed for the sophisticated New York woman. Founded in 2010 by South African lawyer
      AFP; PHOTOS: AFP  -  498 words
  • Page 27 Miscellaneous
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      Lock icon Page 27 Miscellaneous Column 1
      316 27 CRYPTIC CROSSWORD Across 1 He sees the benefit of great works (13) 10 uniform for a soldier (7) 11 Storm ruined a party (7) 12 Beaten by a single stroke (4) 13 Double issue (5) 14 Penalty for striking (4) 17 His view of immortality led to his own mortality
      316 words
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      98 28 51 MITSUBISHI ELECTRIC anges for the Better MITSUBISHI ELECTRIC INVERTER Excellent Energy Savings Easiest To Clean! Inner Vent for Easy Clean m 19dB r r r m j Air Conditioner i.J v V il§U' i) 5.-L< ffijv.fo V4'; if fitsuhishi lectric luality for a greener tomorrow eeipj» OZONE Cll mng
      98 words