The Business Times, 25 September 2015

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Microfilm: NL33614
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    34 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ 5$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [3 D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Friday. September 25. 2015
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Thursday Change STI CLOSED CLOSED KL COMP CLOSED CLOSED NIKKEI 225 17,571.83 -498.38 HANG SENG 21,095.98 -206.93 SHENZHEN B 1,024.82 -8.10 DOW (11.45 EDT) 16,061.70 -218.19
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  • Article, Illustration
    Lock icon DAILY DIGEST
    246 1 Indonesia’s state-run utility PLN has lined up 11 bidders for a tender tied to small-scale LNG developments across the nation. TOP STORIES 4 President Xi Jinping vowed to push ahead with reforms to expand trade ties and touted the resilience of the Chinese economy.TOP STORIES 6 The Volkswagen
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  • Article, Illustration
    Lock icon Singapore’s retail sales tracking leaves an undesirable discount
    696 1  -  Current DOS retail sales index doesn’t capture data from non-ACRA-registered companies and overseas online purchases By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE tracking of retail sales in Singapore could be making a major discount: that of the growing volume of overseas online
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  • Article, Illustration
    Lock icon Winners from diverse industries share the same gung-ho spirit
    864 1  -  Entrepreneurial daring shines in top three winners Hope First Response, ZWEEC, and GD Group 2015 EMERGING ENTERPRISE AWARDS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore KINDNESS and business can be a winning formula, according to Charles Johnson, founder and director of do-good
    PHOTO: SHAWN TEO  -  864 words
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      73 1 8 "*****1 *****4 SINGAPORE: INSIDE OUT A Singapore moment in New York LIFESTYLE 29 a S' PiageT l Perfection in Life 5 I s; r- —1 sssss V 5. I y. —r •> -Manhattan, New YorkPiaget Altiplano Pink gold bracelet 38 mm and 34 mm set with diamonds Piaget, the
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      23 1 AMBITIOUS AGENDA UOB transforming its private banking top stories 2 HOCK LOCK SIEW Companies should have action plans against short-sellers companies markets 7
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  • TOP STORIES
    • Article, Illustration
      Lock icon UOB transforming its private banking with hires and ambitious agenda
      715 2  -  It aims to triple the number of Chinese clients in three years; business grown over 30% in income over a year By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore QUIET and unassuming. That sums up the state of UOB Private Bank before
      715 words
    • Article
      Lock icon Orders for business gear stall in August after two-month gain
      469 2 LATEST US DATA BLOOMBERG Washington THE momentum in orders for business equipment stalled in August following gains the prior two months as US investment took a breather amid volatility in financial markets and concerns that global growth is slowing. Bookings
      BLOOMBERG  -  469 words
    • Article, Illustration
      Lock icon Small-scale LNG taking off in Indonesia
      726 4  -  State-run utility PLN shortlists 11 bidders for small-scale LNG developments across the country By Tan Hwee Hwee hweetan@sph.com.sg @Hweetan–BT Singapore INDONESIA’S state-run utility Perusahaan Listrik Negara (PLN) has lined up 11 bidders for a tender tied to small-scale liquefied natural gas (LNG) developments across
      PHOTO: BLOOMBERG  -  726 words
    • Article
      Lock icon Private memorial service for Lee Kuan Yew in New York
      729 4  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore ON Lee Kuan Yew’s first official visit to the United States in 1967, president Lyndon Johnson presented his wife, who was accompanying him, a jewellery box. Mrs Lee kept the box and stored in
      729 words
    • Article
      Lock icon Indonesian officials’ disregard for haze hazard ‘shocking’, says Shanmugam
      295 4  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AS the PSI reading deteriorated to a 2015 high on Thursday night, Foreign Affairs and Law Minister K Shanmugam hit out at some Indonesian officials for apparently failing to take the situation seriously enough. In
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    • Article, Illustration
      Lock icon Xi vows easier China-US trade at US$3t summit
      751 6 He reiterated assurances to business leaders that fundamentals of Chinese economy are good and sound BLOOMBERG San Francisco CHINESE President Xi Jinping, meeting a group of US and Chinese business leaders representing US$3 trillion in market value, vowed to push ahead with
      BLOOMBERG; PHOTO: REUTERS  -  751 words
    • Article
      Lock icon VW scandal could pose bigger threat to Germany than Greek crisis
      694 6 REUTERS Berlin THE Volkswagen emissions scandal has rocked Germany’s business and political establishment and analysts warn the crisis at the carmaker could develop into the biggest threat to Europe’s largest economy. Volkswagen is the biggest of Germany’s carmakers and
      REUTERS  -  694 words
    • Article, Illustration
      Lock icon VW needs an outsider to fix it
      439 6  -  Hans Dieter Poetsch not right for chairman’s post, considering his status as the former CFO REUTERS BREAKINGVIEWS By Olaf Storbeck London VOLKSWAGEN needs a new chairman. In early September, Europe’s largest carmaker named long-term finance chief Hans Dieter Poetsch as successor to Ferdinand
      PHOTO: AFP  -  439 words
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      302 2 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices Qian Xi Group New-launch Restaurant SAFRA BUILDING BONDS CREATING MEMORIES a Carpenter 29 Restaurant 13 SEPTEMBER 2015 BUY 1 GET 1 FREE Order any of our set menus and you will
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      162 4 M|P|W Mander Portman Woodward MPW COLLEGE LONDON A-LEVELS IN THE UK ARE MUCH EASIER A V v A i I ■W If your child is in Sec 4 or JC1, he/she can join our Jan 2016 intake and complete his/her A-levels in June 2017. Your child will have a less
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      48 4 GOOD CLASS BUNGALOW OF APPROXIMATELY 18,000 SO FT M Kuggf s P v: J ■:.t •s fc-T 'V •r y’jtei.* M ■X 4U> •V s Hj SW*?’ > n x Interested, please call Shawn at Modern design with high ceiling and in-ground pool 9694 5349 Times Properties Pte Ltd
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      97 6 the business times Wine Challenge 2015 CEOs’Choice 3 readers will be picked every week to receive an exclusive invitation for two to the awards ceremony. There are a total of 15 readers who will stand a chance to win in this contest, where they will get to savourthetop 50 wines
      97 words
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      21 6 VW saga may end platinum’s edge over palladium, Page 13 VW customers, dealers seek speedy action on emissions scandal, Page 16
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  • COMPANIES & MARKETS
    • Article
      Lock icon Companies should have action plans to defend against short-seller attacks
      691 7  -  There’s a limit to what regulations and the disclosure framework can do HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT BACK in the 1980s and 1990s, short-selling was hugely frowned upon in the local market, to the extent that there
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    • Article
      Lock icon BROKERS’ TAKE
      446 7  -  Compiled by Jamie Lee Hutchison Port Holdings Trust Buy Sept 23 close: US$0.565 Target price: US$0.62 DBS Group Research, Sept 23 We upgrade Hutchison Port Holdings Trust (HPHT) to “Buy” with a target price of US$0.62; dividend yield of about 7.5 per cent is attractive at current prices,
      446 words
    • Article
      Lock icon CALENDAR
      10 7 DATA I 1pm (Sept 25) Singapore Industrial Production Index
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    • Article
      Lock icon 3 KLW directors on chopping block at EGM
      494 7  -  Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE stage is set for a potential boardroom refresh at troubled door maker KLW Holdings, now that the company’s new controlling shareholder Quek Chek Lan has followed through with his earlier-declared intention to call a vote on
      494 words
    • Article
      Lock icon Norwegian crown slumps to 13-year low
      429 8 CURRENCIES REUTERS London THE Norwegian crown slumped to a 13-year low against the dollar on Thursday, after the central bank surprisingly cut interest rates to record lows to boost growth in an economy struggling with the falling price of oil, its main export. It
      REUTERS  -  429 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 8
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Sep 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.935 4.495 0.633 5.457 46.430 103.105 0.846 8.372 3.063 1.124 73.496 32.975 1.001 9.650 0.688 23.124 25.469 0.459 0.704 Canada 1.070 4.809
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 8
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      • Article, Illustration
        Lock icon DOW JONES
        2 8
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      • Article, Illustration
        Lock icon NIKKEI
        1 8
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Sep 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0007 1.0019 0.7039 0.7044 Canadian dollar 1.0706 1.0717 0.7535 0.7531 Euro 1.5808 1.5819 1.1120 1.1122 NZ dollar 0.8902 0.8911 0.6262 0.6265 Sterling pound 2.1800 2.1817 1.5335 1.5339
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Sep 23 S$ Bid Offer 1-month 1.4234 1.4248 2-months 1.4256 1.4268 3-months 1.4270 1.4285 6-months 1.4309 1.4320 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        202 8 Most active Sep 23 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2 0.2 ***** 1 18 13 KepCorp MB eCW*****1 8.8 -0.6 9445 0.2 780 5 FTSEChinaA50 9500 MBePW*****7 19.2 1.6 8785 0.0 2 OCBC
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 8 In local curr In S$ In US$ dy yr dy yr dy yr Sep 23 Index Change Change Change Change Change Change World Preliminary 1217.8 -0.2 -4.5 0.1 0.4 -0.3 -6.7 EAFE Preliminary 963.0 0.1 -2.4 0.2 0.2 -0.2 -6.8 Europe Preliminary 1341.0 0.5 -2.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        370 8 Sep 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9530.00 9595.00 9437.50 9485.00 *****2 *****0 Oct15 9435.00 9522.50 9352.50 9405.00 *****0 *****6 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Mar16 *****.00 0 482 MSCI TAIWAN INDEX FUTURES Sep15
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 8 Sep 23 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.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 8 Sep 23 $S Offer Bid 0vernight 0.05 0.01 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.35 US$ 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 GOVERNMENT SECURITIES
        65 8 Sep 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.64 101.73 101.70 5-Year N*****0S 2.000 01-Jul-20 99.32 99.45 99.25 10-Year NX*****Z 2.375 01-Jun-25 97.38 97.57 97.15 15-Year NZ*****F 2.875 01-Sep-30 99 98.65 98.65 20-Year NZ*****V 3.375 01-Sep-33 105.67
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 8 Sep-23 Price Net change change Last Trade Agricultural Sep-23 CBOT Soybeans (US cents/bu) 863.75 2.00 0.23% 13/11/2015 CBOT Soybean Oil (US cents/lb) 26.33 0.20 0.77% 14/10/2015 CBOT Wheat (US cents/bu) 507.50 12.00 2.42% 14/12/2015 Sep-23 LIFFE Cocoa (£/tonne) 2253.00 18.00 0.81% 14/12/2015 LIFFE Coffee (US$/tonne) 1540.00 29.00 1.92%
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      • Article
        Lock icon PALM OIL
        57 8 Sep 23 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2125.0 2157.0 2170.0 2120.0 305 5082 Nov 15 2162.0 2206.0 2214.0 2161.0 5940 ***** Dec 15 2189.0 2240.0 2248.0 2187.0 ***** ***** Jan 16 2225.0 2271.0
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    • Article
      Lock icon SGX MAINBOARD
      1842 9 Transaction date: Sep 23 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 134.5 -1.5 452 136 134.5 1 8.2 853.6 LOW 183 137 ARA
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    • Article
      Lock icon SGX CATALIST
      353 9 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 16 3.9 t Abundance Intl (’000) High Day LOW Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10 4.5 1.1 t Charisma Energy 1.2 -0.1 2441
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    • Article
      Lock icon SGX ETF
      155 9 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 112 CIMB APAC Div S$D 114.2cd -2.8 0 115 114.2 107.7 79.4 CIMB APAC Div US$ US80.4cd -0.8 8 81 80.4 8.4 1080 700 CIMBASEAN40 US$ US771 -26 0
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      26 7 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • Page 9 Advertisements
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      107 9 i SGX Academy Sharpen your investment acumen through classroom and online courses. Singapore Exchange The Financial Analysis Techniques’ workshop helps you identify and interpret key financial ratios to make meaningful assessments of your investment choices. Date 17 18 October 2015 Time 10am-5pm Venue SGX Centre, Level 2 For more information,
      107 words
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  • CONSTRUCTION PRODUCTIVITY
    • Article, Illustration
      Lock icon Building smarter
      997 10  -  Companies in the built environment sector are leveraging technology to meet the industry's challenges. SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2015 BY FRANCIS KAN Construction industry players looking to ramp up their efficiency are turning to advanced technologies that allow them to explore all aspects of a project virtually before
      997 words
    • Article
      Lock icon Highlights of fifth Singapore Construction Productivity Week
      325 10 THE fifth Singapore Construction Productivity Week (SCPW) will be held from Oct 13 to Oct 16 at the Singapore Expo Max Atria and Hall 3. This year BCA will collaborate with the Infocomm Development Authority of Singapore (IDA) to feature technology solutions that
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    • SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2015
      • Article, Illustration
        Lock icon Transforming construction through technology
        1029 11  -  A host of innovative solutions are helping local construction firms work faster and smarter without compromising on quality and safety. BY FRANCIS KAN BY FRANCIS KAN ON construction sites across Singapore, workers are identified and given access through the use of a security pass. Meanwhile, their
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      • Article
        Lock icon Game-changing technologies
        452 11 THESE five ICT solutions can help businesses in the construction sector work better, faster and safer. These technologies will be showcased at BuildTech Asia 2015, the regional trade show for the built environment sector that brings to life leading-edge technologies and innovations that are transforming the sector. Organised
        452 words
  • Page 10 Advertisements
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      83 10 Build Smart For A Future-Ready Singapore 1 3th 1 6th October 2015 Singapore Expo* Hall 3 Max Atria SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2015 The 5th Singapore Construction Productivity Week (SCPW) 2015 is a week-long industry-wide event to raise awareness in construction productivity and encourage industry players to build smart. Visit
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  • BANKING & FINANCE
    • Article
      Lock icon US oil explorer’s bonds plummet 31% in a week
      613 12 Pacific may not be able to avoid default after slump caused by aborted takeover BLOOMBERG New York BOND traders are signalling that Pacific Exploration Production Corp may not be able to avoid a default. Pacific’s US$4.1 billion of bonds have plummeted
      BLOOMBERG  -  613 words
    • Article, Illustration
      Lock icon RBS to axe 100 jobs as part of investment bank revamp
      459 12 BLOOMBERG London ROYAL Bank of Scotland Group plc (RBS), Britain’s largest taxpayerowned bank, will eliminate about 100 jobs as part of an overhaul of its investment bank, according to two people with knowledge of the matter. The departures include
      BLOOMBERG; PHOTO: REUTERS  -  459 words
    • Article
      Lock icon Family who owns Banco Fibra commit to keeping it financially healthy
      616 12 BLOOMBERG Sao Paulo THE Steinbruchs, a family of former Brazilian billionaires who own Banco Fibra SA, have already injected about 1.4 billion reais (S$478.5 million) into the company to cover losses since 2010, more than its book value. The
      BLOOMBERG  -  616 words
    • Article
      Lock icon Tencent M&A chief leaving firm, sources say
      279 12 BLOOMBERG Shanghai TENCENT Holdings Ltd’s mergers and acquisitions chief Richard Peng Zhijian is leaving China’s largest Internet company to start his own investment fund, according to two people with direct knowledge of the matter. The former Google Inc executive helped drive the Shenzhen-based
      BLOOMBERG  -  279 words
  • Page 12 Advertisements
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      501 12 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KINTRAS PTE. LTD. (THE “COMPANY”) (IN MEMBERS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO.: *****7107M) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovementioned Company duly convened
      501 words
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      690 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FLORES INVESTMENTS PRIVATE LIMITED (Registration No. *****1871G) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company
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      414 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAMERON SENSE PTE. LTD. (“In Members’ Voluntary Liquidation”) (Company Reg. No: *****0473C) (“Company”) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act (Cap. 50), the Final Meeting of
      414 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon US regulators allege Total rigged natural gas market for 3 years
      753 13 French firm is accused of having made intentionally losing trades to affect index prices on at least 38 occasions REUTERS New York US federal energy regulators extended their years-long effort to crack down on a contested form of market
      REUTERS; PHOTO: BLOOMBERG  -  753 words
    • COMMODITY MELTDOWN
    • Article, Illustration
      Lock icon VW saga may end platinum’s edge over palladium
      347 13 REUTERS London PLATINUM’S price dominance since 2001 over sister metal palladium could come to an abrupt end if Volkwagen’s car emissions scandal spills over into Europe, where diesel cars account for about 45 per cent of total sales. Fears of falling platinum
      REUTERS; PHOTO: BLOOMBERG  -  347 words
  • Page 13 Advertisements
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      861 13 NOTICES HYFLUX LTD Company Registration No.: *****2722Z (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF BOOKS FOR 6% CUMULATIVE NON-CONVERTIBLE NON-VOTING PERPETUAL CLASS A PREFERENCE SHARES (TRADING NAME: HYFLUX 6% CPS 10) (“PREFERENCE SHARES”) NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Preference Shareholders
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  • TECHNOLOGY
    • Article
      Lock icon 5.6m fingerprints stolen by hackers in US
      554 14 Figure is 5 times the number that US officials estimated when the cyberattacks were first disclosed in the summer WP Washington ONE of the scariest parts of the massive cybersecurity breaches at the US Office of Personnel Management (OPM) just got worse: the
      WP  -  554 words
    • Article, Illustration
      Lock icon Brain computer link enables paralysed California man to walk
      593 14 REUTERS los Angeles A BRAIN-to-computer technology that can translate thoughts into leg movements has enabled a man paralysed from the waist down by a spinal cord injury to become the first such patient to walk without the use of robotics, doctors
      REUTERS; PHOTO: REUTERS  -  593 words
    • Article
      Lock icon China’s fake Apple stores thrive ahead of new iPhone launch
      675 14 The fake model is proving so lucrative it has even spawned a cottage industry servicing such businesses REUTERS Hong Kong ON a bustling street in China’s southern boomtown of Shenzhen, more than 30 stores carrying Apple Inc’s iconic white logos
      REUTERS  -  675 words
    • Article
      Lock icon Artificial intelligence system passes SAT math test with average score
      513 14 WP Washington ARTIFICIAL Intelligence is kind of a scary concept, probably because we know that a robot smarter than us would run the numbers and be like “Humanity? Nah.” But the race to create an autonomous, intelligent computer is still
      WP  -  513 words
  • Page 14 Advertisements
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      66 14 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM”' THE STRAITS TIMES SINGAPORE 1845 THEN •NOW TOMORROW j Av; 4 m V r 4 VV 9 SINGAPORE STORIES Experience Singapore’s beginnings, struggles and triumphs through the lens of The Straits Times. Catch the Singapore STories exhibition now on at the ArtScience
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      Lock icon Page 14 Advertisements Column 2
      25 14 SELL YOUR CAR YOURSELF POST AN AD FOR FREE! VISIT WWW.STCARS.SG NOW! Buy, sell or rent. At www.STCars.sg, your ideal car isn’t hard to find.
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      31 14 S NGAPORE ELm Winners Interview series Wellness Blog PrisChew AWARDS m im m gp m ts m 2 0 15 Hate running? Try my tips! *****8 0SI0 r, 0 SCAN&READ blog.omy.sg/sgblogawards
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  • CONSUMER
    • Article, Illustration
      Lock icon Traditional remedies cool China’s vitamin fever
      746 15 Vitamins market to grow to US$20b in 2019; traditional medicine sector worth US$40b then REUTERS Shanghai CHINA’S much-hyped market for vitamins and supplements is facing a steep challenge from traditional remedies from ginseng to deer antler, even as the sector’s rise fuels billiondollar deals
      REUTERS; PHOTOS: REUTERS  -  746 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Megaships worsening glut in container market
      1401 16 Shipping lines have taken ownership of 20 megacarriers with a capacity of more than 18,000 TEU each and another 52 are on order, according to OECD REUTERS London CONTAINER shipping lines are poised to take delivery of a new generation of “megaships” over the
      REUTERS; PHOTO: REUTERS  -  1,401 words
    • Article
      Lock icon VW customers, dealers seek speedy action on emissions scandal
      678 16 Firm must indemnify any consumers hit by damage: German consumer body REUTERS Frankfurt VOLKSWAGEN must move quickly to recall and refit models rigged to pass US emissions tests to limit the long-term impact to its reputation, dealers and consumer protection bodies
      REUTERS  -  678 words
    • Article
      Lock icon SHIPPING TIMES
      1897 28 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PG BTM PKL SUR JKT NOBLE SW 1 60 2/10 4/10 SEA CORAL 73 60 8/10 9/10 10/10 14/10 MOUNT AKABOSHI
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      1551 16 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NIKKO AM SHENTON TWIN CITY FUND NOTICE OF EXTRAORDINARY GENERAL MEETING OF UNITHOLDERS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the holders of units in the Nikko AM Shenton Twin City Fund (the “Fund”), will be held at
      1,551 words
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  • REAL ESTATE
    • Article
      Lock icon Report faults UK govt’s land sales scheme
      284 18 BLOOMBERG London THE UK government has failed to provide taxpayers with adequate proof that the sale of land has enabled it to meet its housebuilding targets, the Public Accounts Committee said. In a report examining the disposal of public land, the cross-party panel
      BLOOMBERG  -  284 words
    • Article, Illustration
      Lock icon New York builders may have to keep 25% of homes for low-income residents
      923 18 Proposed new zoning rules will first be applied to select areas under mayor’s target for affordable housing NYT New York DEVELOPERS who want to build in certain areas of New York City would be required for the
      NYT; PHOTO: NYT  -  923 words
    • Article
      Lock icon BioMed Realty Trust exploring sale: sources
      306 18 Move has drawn interest from firms including Blackstone Group BLOOMBERG New York BIOMED Realty Trust Inc, a landlord with properties catering to biotechnology companies, is exploring a sale and has drawn interest from firms including Blackstone Group LP, according to people familiar with the
      BLOOMBERG  -  306 words
    • Article
      Lock icon Thailand plans measures to help property sector: minister
      230 18 REUTERS Bangkok THAILAND expects to finalise measures in two weeks to help the property sector, the finance minister said on Wednesday, as the government seeks to help developers facing sluggish sales as economic growth falters. The country’s economy is struggling to regain
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      Lock icon FBI’s HQ replacement mired in money issues
      1218 20 There is a widespread belief that the current Hoover site will be worth much less than the cost of constructing the new headquarters NYT Washington THE fate of the proposed new FBI headquarters, to be built near the nation’s capital in return for
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      Lock icon Manhattan oasis, senior housing vie for space
      835 20 Elizabeth Street Garden may be torn down to build subsidised homes NYT New York SPHINXES greet you regally as you enter from Elizabeth Street. The carved lions beyond look like three-dimen-sional heraldic emblems. Cab-bage-white butterflies skim over tomato plants that are ready for
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    • Article
      Lock icon Why Americans are spending more on rent
      868 22 Home ownership has plunged, new construction has not kept pace with population growth and a weak economy makes it hard for families to cover their rent WP Washington THE affordable housing crisis many renters face today in the US feels like a product
      WP  -  868 words
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      331 18 Hoy Current Issues! J You can’t Afford to Miss! Starts IIMliODtiJEl REGISTER ONLINE FREE ENTRY 20 Leading Investment Experts Address Market Challenges Opportunities Build a Real Estate Property Crowdfunding Portfolio in Getty Goh Australia CEO, CoAssets Pte Ltd Michael Bentley Managing Director, Citylife International Realty Singapore Property Market Mohamed Ismail
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      1249 19 ADVERTORIAL Choose your Dream Home from UEM Sunrise Signature Selection Buying your dream home is a truly life changing moment. However the house hunt that comes before it can be a stressful and confusing experience, especially with the hundreds, if not thousands, of attractive properties to choose from on the
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      49 20 111C FACILITIES MANAGEMENT i I SOLUTIONS EXPO 2016 LEADING REGIONAL (B5S1 FACILITIES MANAGEMENT EXHIBITION a yRedefiriirvqgj 'Management!] PREMIUM SPACES AVAILABLE! Contact us today at fmse@sph.com.sg or call +65 6590 3415 Visit www.fmse.com.sg for more information! A Organised by: Co-located with: sphere 1111 facilities I IL— CONFEREF MANAGEMENT CONFERENCE 2016
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      26 20 DR UMA RAJAN IS tabla!’s COMMUNITY CHAMPION Tribute to India’s Mr Cricket GET YOUR COPY TODAY TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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      172 20 Using an experiential approach, this comprehensive course offers the latest market knowledge, latest training techniques and hands-on practical training. Event Highlights Seminar Details DATE: 17th Oct 2015 (Saturday) TIME: 9.00am 1.00pm (Registration starts at 8.30am) VENUE: SPH News Centre (T8.2/T8.3) 1000 Toa Payoh North, Singapore *****4 FEE: S$39.90*(inclusive of GST)
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      74 20 BT Download the new Business Times apps for free. i Download on the «d«wd*h-oj. App Store Gt,l '8 le f )ls V PI Personalisation News, your way, with bookmarks and a customisable menu Fresh new look Visual and intuitive design Better browsing Seamlessly navigate with gestures a Depth and breadth
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      661 22 THE BUSINESS TIMES Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE OCEAN DRIVE Exclusive! Ocean Drive Modern Design 2½ storey. Nice 5+1 rm 7,167 sqft land 5,300 sqft build in. Asking $20M neg. More units. Call Patrick Lu 8363
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      207 22 D11 21 HOUSE FOR RENT 16A BARKER RD Prime Chancery area. 2800/ 5100 sf. Newly, rebuilt, beautiful design. 5 1+ family pool. Ask $18.5k. Also for sale. Owner *****635/*****996 More sale/ rent www.wahkhiaw.com.sg D11 21 HOUSE FOR RENT 248 DUNEARN ROAD New cond, detached 6200/ 9350 sf. Opp Botanic Gdn/
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      98 23 Big Jubilee Fun BiggerWalk BiggestGoodieBag Be part of the SG50 celebrations and walk away with GOODIES WORTH $880, including a commemorative medal, a limited edition T-shirt, spa and beauty treats Relive the past, appreciate the present, relish the future Be one with Singapore, walk as one, be part of the
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Japan’s PM turns spotlight back on Abenomics
      822 24  -  Abe pledges to increase nominal size of GDP by around 20% to some 600t yen; further monetary expansion and fiscal stimulus is also seen likely in coming days By Anthony Rowley btworld@sph.com.sg Tokyo IN what was widely seen as an effort to refocus
      822 words
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      Lock icon Over 700 pilgrims die in Saudi haj stampede
      577 24 REUTERS Mina, Saudi Arabia AT least 717 pilgrims were killed on Thursday in a crush at Mina, outside the Muslim holy city of Mecca, where some two million people are performing the annual haj pilgrimage, Saudi authorities said. More than 800 others
      REUTERS; PHOTO: AFP  -  577 words
    • Article
      Lock icon Wall Street banks said to win big concession in new derivatives rule
      676 24 Regulators have eased demands for tougher collateral requirements in swap deals, say sources BLOOMBERG Washington WALL Street is close to cutting billions of dollars from the cost of a derivatives rule as a debate among regulators over how
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    • Article
      Lock icon ECB faces defiance on bank oversight as Germany hoards powers
      748 24 BLOOMBERG Vienna THE European Central Bank (ECB) faces increasing defiance from euro-area governments reluctant to cede control over their lenders, highlighted by a German bill that chips away at the ECB’s supervisory powers. The Bundestag, the lower house of parliament,
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      Lock icon Germany, France upbeat in face of uncertainty abroad: polls
      688 25 Industry morale in Europe’s biggest economies beats expectations REU TERS Berlin EUROPE’S biggest economies are showing signs of resilience despite weakness abroad and the refugee crisis on their own doorstep, with firms in Germany and France expressing optimism about their prospects,
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      Lock icon Modi eyes Silicon Valley on US trip amid fading euphoria
      839 25 REUTERS New Delhi TECH titans will court Indian Prime Minister Narendra Modi in Silicon Valley this weekend, but away from the glitz, the euphoria of his first trip to the United States a year ago has faded as promised deals
      REUTERS; PHOTO: REUTERS  -  839 words
    • Article
      Lock icon Gender equality can boost global GDP by US$28t: McKinsey
      605 25 Private sector plans to advance the status of women succeed only with clear direction from senior executives BLOOMBERG New York DENYING women full participation in the global economy is costly. McKinsey Co has now calculated by just how much. Full gender
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    • Article
      Lock icon BOE will watch balance of payments risk from EU vote: top official
      455 25 REUTERS London THE Bank of England (BOE) will monitor the risk that Britain’s European Union (EU) membership referendum could make it harder for the country to finance its large current account deficit, a top official at the central
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      Lock icon PBOC increases cash injections before holiday as repurchase rate rises
      337 25 BLOOMBERG Hong Kong CHINA’S central bank stepped up cash injections as a benchmark money-market rate climbed the most in seven weeks in the run-up to a week-long holiday. The People’s Bank of China (PBOC) added 80 billion yuan (S$18 billion)
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  • OPINION
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      Lock icon Abe’s doggedness on hawkish new security laws could be his undoing
      640 26 JAPAN’S Prime Minister Shinzo Abe has revealed an iron fist in his velvet glove by the steely determination he has shown in pushing through controversial new security laws. EDITORIAL The question now is whether popular reaction might prove to
      640 words
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      Lock icon The weakened Fed is increasingly friendless
      719 26  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP THESE are worrying days for the Federal Reserve, America’s central bank. Surrounded by critics on the left and right, it can hardly do anything without being sec-ond-guessed or denounced. Last week, the Fed
      THE WASHINGTON POST WRITERS GROUP  -  719 words
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      Lock icon Why the Fed buried monetarism
      1109 26  -  Central bankers seem to be returning to the pre-monetarist view that trade-offs between inflation and unemployment are real and can last for many years. BY ANATOLE KALETSKY BY ANATOLE KALETSKY T The writer is chief economist and co-chairman of Gavekal Dragonomics and the author of
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      Lock icon A December deal can only be a start in climate fight
      1097 27  -  COMMENTARY By G Panicker T The writer is a former BT journalist with a particular focus on energy and climate-change issues EVEN without the help of the haze, our thoughts this year should be on man-made climate change. After
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      Lock icon Eco-business a necessity for survival
      787 27  -  By Kavickumar Muruganathan T The writer is head (eco-certifications)/ lead environmental engineer, Singapore Environment Council BUSINESSES are coming to realise that many of the steps they take to reduce their environmental impact actually have a positive cost benefit to their company. Cutting down resource use
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      Lock icon The 3 Cs of defending a siege from short-sellers
      996 27  -  Failing to address allegations efficiently and effectively in a 24/7 world can lead to a massive loss of investors’ confidence.BY TAN CHONG HUAT AND CHUA ENG HUI efficiently confidence.BY TAN CHONG HUAT, CHUA ENG HUI T The writers are respectively managing
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      107 28 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via spn Shiaritime.coM Ahoy there! If you are in a business pertaining to any sector
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  • BT Lifestyle
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      Lock icon A SINGAPORE MOMENT IN NEW YORK
      1242 29  -  Singapore is branding itself around the world not just as a leading financial hub but also as an emerging cultural and creative force. BY HELMI YUSOF helmi@sph.com.sg @HelmiBT HOW do you pronounce its name, asks one of the American waiters of New York’s popular
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      Lock icon Top 10 highlights of Singapore: Inside Out
      320 29 ART Street artist Farizwan Fajari aka Speak Cryptic recreates his bedroom by drawing out its features on white walls and cubes. He then invites visitors to draw and paint details for the room which they did with abandon. Zul Mahmod’s mesmerising “sonic tree”
      PHOTO: HELMI YUSOF; PHOTO: STB; PHOTO: HELMI YUSOF  -  320 words
    • COVER STORY/CINEMA
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        Lock icon Ringside seat to view nature’s brutal beauty
        647 30  -  Everest is a stark reminder that the mountain always wins. BY GEOFFREY EU CINEMA wins.BY GEOFFREY EU IT takes a special kind of madness to climb mountains because apart from the inherent dangers posed by blizzards and avalanches climbers face the constant threat
        647 words
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        Lock icon There’s rhyme and reason to Office madness
        561 30  -  By Geoffrey Eu OFFICE, a movie that deliberates hard truths about corporate culture while distancing itself from established cinematic norms, springs from the fertile imagination of Johnnie To, a director who relishes the opportunity to mix and match genres to create something completely
        561 words
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        Lock icon No discounting what star power mixed with laughs can do
        509 30  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT ABOUT four decades ago, Robert De Niro played a mentally unstable New York cabbie who stood in front of a mirror and went: “You talking to me?” That scene from Taxi Driver (1976) is a
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    • ARTS
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        Lock icon Going beyond the written word
        518 31  -  The 18th edition of the festival will have something for everybody whether you’re a stay-at-home mum or a CEO grappling with ethics. BY CHEAH UI-HOON SINGAPORE WRITERS FESTIVAL BY BY CHEAH UI-HOON uihoon@sph.com.sg THIS year’s Singapore Writers Festival (SWF) will feature a diversity of topics,
        PHOTO: CHUA JUNTING  -  518 words
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        Lock icon Sculptural meditations on nature by Dutch-Chinese artist
        656 31  -  ART By Emilyn Ang IN A 4,000 square foot art studio in Rotterdam, surrounded by paint buckets amid tables heavily stained with splatters of acrylic paint and hundreds of pieces of unfinished work, Zhuang Hong Yi, a 53-year-old Chinese artist pauses thoughtfully over
        656 words
    • WINE/MUSIC
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        Lock icon 2014 burgundies from de Vogue good to great
        644 32  -  They reinforce the view that 2014 Burgudy is a vintage that should be collected and aged. By NK YONG aged.By NK YONG I WAS fortunate to be able to visit Burgundy in August, my second this year, the earlier one in June
        PHOTO: AFP  -  644 words
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        Lock icon Embarking on yet another musical adventure
        592 32  -  MUSIC By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT EVERY album by The Observatory is a musical odyssey into the unknown. Which, by the way, is a compliment. Since the veteran local indie band released its debut Time of Rebirth in 2004, its members have kept reinventing
        592 words
      • Article, Illustration
        Lock icon Exploring the moon through songs
        534 32  -  By Avanti Nim avantin@sph.com.sg FOR most of us, group singing is limited to karaoke evenings or awkward renditions of Happy Birthday to family members or colleagues. Others, like vocal group Chanticleer, have honed their art over 38 years, won two Grammy awards, and sold over
        534 words
    • CITY LIFE
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        Lock icon The fastest way to go green
        903 33  -  Go-karts at The Karting Arena are all electric, which eliminates the exhaust fumes and roaring noises associated with traditional karts. BY AVANTI NIM avantin@sph.com.sg YUEY Tan might just be the Robin Hood of the fun karting world. The Founder of The Karting Arena Bukit
        903 words
      • CITY BUZZ BT writers'picks of what to see, do or talk about
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          Lock icon A PARTNERSHIP OF TWO TOP CHEFS
          361 33  -  By Tay Suan Chiang DINING A Relais Chateaux Evening with Grand Chefs Emmanuel Stroobant and Philippe vetele DINNER at a Relais Chateaux member-res-taurant is almost guaranteed to be an unforgettable affair; after all, the association is known for setting the standard for top-notch hospitality
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          Lock icon Saturday Night Roasts
          215 33  -  DINING By Tay Suan Chiang LOVE your meats? Then don’t miss Cook Brew’s Saturday Night Roasts available every last Saturday of the month. There will be live carving stations where diners can get unlimited servings of three types of roast prime ribeye; catch of the day, such
          215 words
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          Lock icon Sl00Gourmet
          189 33  -  DINING By Tay Suan Chiang THE ongoing $100Gourmet presented by Citibank lets diners enjoy a meal prepared by a visiting guest chef and a local chef for S$100. While most of these meals were only for dinner, now there’s the $100 Gourmet lunch. For this month only, bring a
          189 words
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          Lock icon Projek Suitcase
          166 33  -  THEATRE By Helmi Yusof SOME of the biggest names in Malay theatre, such as Nadiputra, Alin Mosbit and Noor Effendy Ibrahim, are coming together for a showcase of eight original monologues. The monologues will be performed in various parts of the Malay Heritage Centre in Kampong Glam the
          166 words
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          Lock icon Saturday Night Fever The Musical
          193 33  -  THEATRE By Dylan Tan TIME to dust off those bell bottoms as the ’70s return with Saturday Night Fever The Musical, coming to Singapore for the first time. Based on the classic John Travolta film from 1977, the show is a tribute to the disco
          193 words
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          Lock icon FOX The walking Dead Mission Survive
          194 33  -  TV By Rachel Loi IF you are a fan of The Walking Dead, here’s a chance to immerse yourself in the TV show even further with FOX’s time-based game, The Walking Dead Mission Survive. The game is played in teams of five and each
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      83 31 m > I* •V- cs f:« j iB m WKEdt m wsrasr'?/'. HUN AND THE 4 T H DIMENSION 29 OCT 2015 (THU) 8PM UNIVERSITY CULTURAL CENTRE HALL, NUS S$88,S$108,S$148 Booking fee applies www.sistic.com.sg Hotline: +65 6348-5555 Available at all Sistic outlets A |lTve nHTion EVENT JONH M C I
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  • Page 32 Miscellaneous
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      348 32 CRYPTIC CROSSWORD Across 1 Uproar caused by American chasing tail (6) 5 Note about counselling organisation for senior churchmen (8) 9 Start to change when a star becomes a lover (8) 10 District where most of public disorder comes after the pub? (6) 11 Versatile employee’s bill to corporation following
      348 words
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      248 34 The only thing that's changed is everything. Live Photos Bring youi memories to life with a new form of photography that wi change how you experience your pictures Rose Gold Phone now comes in anothei stunning finish. 3D Touch A revo utiorrary new pressure-secisitive Touch interface ets you interact with
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