The Business Times, 1 October 2015

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Total Pages: 32
1 32 The Business Times
  • 34 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$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 Thursday, October 1, 2015
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  • Article, Illustration
    221 1 Flat growth in consumer loans in August weakens overall bank lending compared to July, preliminary data from the Monetary Authority of Singapore shows. TOP STORIES 4 The Singapore equity market shrinks for the fifth straight month to close out the worst quarter for stocks in almost four years,
    221 words
  • 28 1 MARKETS Wednesday Change STI 2790.89 +2.95 KL COMP 1621.04 +17.72 NIKKEI 225 *****.15 +457.31 HANG SENG *****.30 +289.70 SHENZHEN B 1050.74 +22.84 DOW (10.30 EDT) 16,277.49 +228.36
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  • 634 1  -  Concerns sparked by low interest rates, competition and the rise of fintechs; return on equity may not cover the cost of equity at some banks By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE global banking industry may have set a new
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  • 871 1  -  Tight labour market here to stay; citizen marriages, fertility rate up in 2014: report By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE growth of Singapore’s non-resi-dent population continues to slow, easing from 2.9 per cent in 2014 to 2.1 per cent this year,
    PHOTO: BLOOMBERG  -  871 words
  • Page 1 Advertisements
    • 60 1 8 "*****1 *****4 MEDICAL PROPERTY DRAW Oxley duo buys into medical property developer IHC COMPANIES MARKETS 6 Jaeger-leCoultre Boutique 2 Orchard Turn, ION Orchard, #02-08, Singapore 2 Bayfront Aw.The Shoppes at Marina Bay Sands, #B2M-240, Singapore m Master Grande Tradition Tourbillon Cylindrique a Quantieme Perpetuel watch Dr. Craig Venter, decoder
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    • 20 1 CAR LOANS Interest rate set to rise top stories 2 PROTECTING BORROWERS New moneylending rules protect consumers top stories/ 4
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    • 10 1 SINGAPORE ACCOUNTANCY CONVENTION Preparing for an uncertain future SUPPLEMENT 15
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  • TOP STORIES
    • 593 2  -  But some dealers say the impact is small and mostly psychological By Samuel Ee samuelee@sph.com.sg Singapore FOLLOWING a couple of days of speculation, Maybank is set to raise the interest rate on car loans after this weekend, with other
      PHOTO: REUTERS  -  593 words
    • 672 2 REUTERS Tokyo ASIAN stock markets rallied on Wednesday after sliding to three-year lows, but concerns lingered over slumping commodities prices and China’s cooling economy. European markets were set to follow Asia higher, with financial spreadbetters expecting Britain’s FTSE 100, Germany’s
      REUTERS  -  672 words
    • 505 4  -  S$613b figure up half a per cent from July; mortgage growth eases, business loans up 0.8% SINGAPORE LENDING By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FLAT growth in consumer loans in August affected overall bank lending compared to July, preliminary data
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    • 900 4 Group says it can withstand current market conditions GLENCORE SHOCK BLOOMBERG London GLENCORE plc, the commodities group that’s lost almost US$45 billion in market value this year, rallied as much as 18 per cent in Hong Kong after saying on
      BLOOMBERG; PHOTO: BLOOMBERG  -  900 words
    • 621 4 BLOOMBERG London GLENCORE plc, the commodity trader that lost about a third of its value on Monday, is worth either US$98 billion or US$26 billion, depending on which analyst you ask. At Sanford C Bernstein, price targets published by Paul Gait suggest
      BLOOMBERG  -  621 words
    • 345 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE first set of new borrowing rules for Singapore licensed moneylenders will come into effect on Thursday, the Ministry of Law said on Wednesday. Loans from moneylenders will now be subject to the following caps:
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  • Page 2 Advertisements
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  • Page 4 Advertisements
    • 102 4 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 And yes... A Billi system typically uses less energy than a kettle, which
      102 words

  • 664 5  -  Expectations of monetary stimulus help the Tokyo market recover partly from the rout it suffered the previous day By Anthony Rowley btworld@sph.com.sg Tokyo MOUNTING expectations that the Bank of Japan (BOJ) will soon have to embark on a new round of
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  • 436 5  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur VIEWS may be mixed on how much support Malaysia’s stock market can derive from a proposed RM20 billion (S$6.45 billion) fund to buy undervalued shares, but the plan has already proved to be
    PHOTO: BLOOMBERG  -  436 words
  • Page 5 Advertisements
    • 277 5 0 ft CONGRATULATIONS! i c* m. Asian Human Capital Award 2015 Winners AQ| am HUMAN CAPITAL AWARD The organisers of the Asian Human Capital Award 2015 congratulate the winners, Dubai Police and The Lemon Tree Hotel Company, and the special commendation prize recipient, HCL Technologies Ltd. They have been awarded
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  • COMPANIES & MARKETS
    • 567 6  -  Observers say their substantial stakes could indicate interest in IHC’s property assets By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TWO men behind boutique developer Oxley Holdings are buying into International Healthway Corporation (IHC), prompting some market observers to wonder whether the duo are eyeing
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    • 203 6 BLOOMBERG Singapore INDOSPACE, an Indian industrial property developer backed by Everstone Group and Realterm Global, is considering an initial public offering (IPO) of a real estate investment trust in Singapore, people with knowledge of the matter said. The developer is in discussion with investment
      BLOOMBERG  -  203 words
    • 603 6  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank (UOB) is rolling out a brand campaign as part of its 80th anniversary celebrations. The campaign will focus on the bank’s unwavering and long-term commitment to its customers and employees,
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    • 645 7  -  Analysts expect more turbulence after 2.8% fall in September market cap By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore equity market shrank for the fifth straight month in September to close out the worst quarter for stocks in almost four years,
      Compiled by BT  -  645 words
    • 281 7 As at Sept 30, 2015 GROSS REDEMPTION YIELD YEAR RAISED NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT (S$m) COUPON RATE INTEREST YEAR RAISED ISIN CODE MATURITY DATE CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) 01.04.2016 N*****0W 2011 1 1/8 7300.00 1/10 1/4
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    • CORPORATE DIGEST
      • 115 7 QT Vascular and its chief executive officer Eitan Konstantino have successfully defended themselves against a patent infringement lawsuit filed by another medical firm, AngioScore, the Catalist-listed group said in a bourse filing on Wednesday. This means that it can continue to sell its “Chocolate PTA” balloon catheter without
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      • 84 7 SINGAPORE Exchange said on Wednesday it has pumped S$50 million more into the share capital of its wholly owned derivatives clearing arm so that the unit can boost its contribution to the clearing fund. It said it has lifted its investment in Singapore Exchange Derivatives Clearing from S$168
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      • 49 7 HONG leong Asia warned on Wednesday it expects to post a loss for its third quarter and nine months ended Sept 30. The expected loss was mainly due to higher losses incurred by its consumer products unit on the back of lower unit sales, it said.
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      • 53 7 ROXY-PACIFIC said its unit Roxy Capital has agreed to acquire a freehold residential site near Marine Parade for S$21.5 million. The plot, at 26 Sea Avenue, has a total land area of 19,474 square feet and an existing plot ratio of 1.4 under the 2014 Master Plan for
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    • 757 8  - STI avoids sixth straight loss just Brokers say the worst is not over as the benchmark index ends the third quarter with a 16% loss STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Wednesday underwent a volatile session spent tracking movements in Hong Kong and China as
      Source: Bloomberg  -  757 words
    • 304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 +6 239/228 271 213 6.2 5921.2 CapitaLand 268 -6 275/268 379 267 9.8 3.4 *****.8 CapitaMall Trust 190 +1 191/189 228 184.5 5.7 6593.8 CityDev 770 -3 779/762 1095 760 9.3
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    • 34 8 VOLUME Noble 74,988,100 Golden Agri-Res 63,984,400 Healthway Med 60,930,900 Ezra 54,354,700 Singtel 46,270,000 Market volume 1,278,635,000 VALUE DBS Grp 170,166,015 Singtel 165,003,950 UOB 94,424,200 OCBC Bank 69,982,401 CapitaLand 62,911,757 Market value 1,353,835,000
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    • 108 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 285 +1 466 286/283 355/280 284/285 IS MS INDIA US$ US684 +6 109 688/672 1000/648 684/687 85.5 DBXT MSBrazil US$ US230 +4 24 230/230 505/226 229/--DBXT MSWorld US$ US422 +2 24 422/422 500/376 422/424
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    • 77 8 Sep 30 VALUE CLOSE BT OB/OS -103.00 +89.00 BT CADI -*****.00 +22.00 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 663.70 +6.51 FTSE ST Small Cap 404.14 -0.11 FTSE ST All Share 677.35 +1.22 FTSE ST China Top 165.07 +0.59 FTSE ST China 199.43 +0.40 FTSE
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    • 35 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 30,2015 677.35 +1.22 (+0.18%) Current streak 1 day Day high 678.08 Day low 673.12 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • 33 8 STI MSCI EAFE MSCI EAFE index Sept 29,2015 1,609.50 -28.59 (-1.75%) Current streak 2 days Day high 1,638.96 Day low 1,602.86 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 0 0 0 0 7 6 0 Manufacturing 42 41 27 3 6 10 45 47 37 Commerce 19 12 19 2 4 4 21 16 23 Tpt/Stor/Comms 13 14 7
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    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,301 31,301 101,180 101,180 Manufacturing 125,742 14,912 140,654 92,743 565 93,308 Commerce 114,201 34,278 148,479 86,724 1,765 88,489 Tpt/Stor/Comms 173,649 140 173,789 281,033 11 281,044 Finance 30,605 3 30,608 369,209 1 369,210 Construction 5,779 631
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    • 75 8 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 4905 350.2 5.3 6246/4478 Great Eastern 2130 129.0 6.4 2600/1870 DBXT MSTaiwan US$ 1880 102.5 4.0 2392/1788 DBXT China50 US$ 2859 84.0 2.1 4258/2750 Hyflux 6% CPS ***** 70.0 0.7 *****/***** BY PERCENTAGE CLOSE UP 52w high/low TIH W*****9 0.3
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    • 74 8 BY CENTS CLOSE DOWN 52w high/low Lyxor Nasdaq US$ 1635 -69.8 -2.9 1838/1495 IS ASIA HYG S$D 1449 -40.0 -2.7 1489/1343 DBXT S&P Short US$ 2326 -37.0 -1.1 2497/2104 JSH USD 2684 -27.1 -0.7 3703/2611 GLD US$ ***** -17.1 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1
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    • 81 8 VOL CLOSE($) CHANGE Yongmao 50.0 0.150 +0.070 +87.50 ChinaSing Inv 40.0 0.010 +0.002 +25.00 A-Sonic Aero 238.8 0.270 +0.070 +35.00 Yuexiu Prop 6.0 0.220 -0.020 -8.33 Vicplas Intl 552.7 0.114 +0.024 +26.67 Matex Intl 500.0 0.042 +0.002 +5.00 Plastoform 57.4 0.340 +0.040 +13.33 Delong 265.0 0.099 -0.011 -10.00
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    • 382 8  -  Compiled by Cai Haoxiang Singtel Buy Sept 30 close: S$3.60 Target price: s$3.92 Citi Research, Sept 29 WITH price points correcting 20 per cent over the last six months even with its relatively firm earnings base, we find it to be oversold. Valuations are now touching one standard
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    • 35 8 DATA I Oct 1 Singapore Purchasing Managers Index I Oct 1 Singapore private residential property price index flash estimate I Oct 1 China Manufacturing PMI I Oct 1, 930 PM US initial jobless claims
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    • 383 9 CURRENCIES AFP REUTERS Tokyo ASIAN currencies from the South Korean won to Malaysian ringgit strengthened against the US dollar on Wednesday with confidence returning to trading floors as regional equity markets recovered after a global rout. But the greenback’s losses were likely to be short-lived
      AFP; REUTERS  -  383 words
    • FOREX RATES
      • Article, Illustration
        2 9
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      • 471 9 Sep 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.940 4.453 0.624 5.430 46.075 102.610 0.841 8.297 3.088 1.098 73.200 32.741 0.998 9.695 0.683 23.046 25.455 0.463 0.701 Canada 1.064 4.738
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      • Article, Illustration
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      • 155 9 Sep 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9971 0.9979 0.7004 0.7009 Canadian dollar 1.0611 1.0614 0.7455 0.7454 Euro 1.5984 1.5992 1.1228 1.1232 NZ dollar 0.9081 0.9090 0.6379 0.6384 Sterling pound 2.1562 2.1573 1.5146 1.5152
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      • Article, Illustration
        1 9
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      • 22 9 Sep 30 S$ Bid Offer 1-month 1.4250 1.4255 2-months 1.4264 1.4269 3-months 1.4278 1.4284 6-months 1.4313 1.4321 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 204 9 Most active Sep 30 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****1 13.7 -0.4 9902 0.1 1980 5 DBS MB eCW*****1 7.4 -0.8 9717 0.1 1860 5 Rowsley Ltd W*****3 2.6 unch 6813 1 18 13
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      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 29 Index Change Change Change Change Change Change World Preliminary 1183.4 -0.6 -7.2 -0.6 -2.2 -0.6 -9.3 EAFE Preliminary 934.6 -1.8 -5.3 -1.8 -2.3 -1.7 -9.3 Europe Preliminary 1316.7 -0.5 -4.7
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      • 389 9 Sep 30 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 9182.50 9365.00 9130.00 9207.50 *****2 *****9 Nov15 9160.00 9215.00 9100.00 9122.50 167 58 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 *****6 *****1 Mar16 *****.00 *****.00 *****.00 *****.00 174 564 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Sep 30 $S Offer Bid 0vernight 0.05 Par 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.25 US$ 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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      • 69 9 Sep 30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.04 100.10 99.98 5-Year N*****0S 2.000 01-Jul-20 99.99 100.11 99.70 10-Year NX*****Z 2.375 01-Jun-25 98.61 98.75 98.30 15-Year NZ*****F 2.875 01-Sep-30 100.57 100.75 100.45 20-Year NZ*****V 3.375 01-Sep-33 107.57
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    • AGRI METALS ENERGY
      • 193 9 Sep-29 Price Net change change Last Trade Agricultural Sep-29 CBOT Soybeans (US cents/bu) 884.25 7.50 0.86% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.46 0.28 1.03% 14/10/2015 CBOT Wheat (US cents/bu) 503.75 -1.75 -0.35% 14/12/2015 Sep-29 LIFFE Cocoa (£/tonne) 2179.00 -31.00 -1.40% 14/12/2015 LIFFE Coffee (US$/tonne) 1571.00 28.00 1.81%
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      • 57 9 Sep 30 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2373.0 2306.0 2373.0 2330.0 114 2181 Nov 15 2407.0 2341.0 2415.0 2335.0 2361 ***** Dec 15 2448.0 2375.0 2450.0 2365.0 ***** ***** Jan 16 2460.0 2400.0
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    • 328 10  -  She will continue stewardship role, including protecting the group’s past reserves By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore TEMASEK Holdings chief executive officer and executive director Ho Ching will return from her part-time sabbatical and resume her duties within the group
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    • 618 10 BLOOMBERG Singapore PAULINE Dan predicts Hong Kong equities will rebound at least 10 per cent by year-end after a selloff this quarter made the Hang Seng index the worst performer in developed markets. She’s got history on her side. Shares in
      BLOOMBERG  -  618 words
    • 448 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore ST Engineering’s president and chief executive officer Tan Pheng Hock has decided to retire from the position next year and the board has chosen his successor, the mainboard-listed defence technology firm said in a bourse filing on
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    • 1799 11 Transaction date: Sep 30 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 135.5 +1.5 235 135.5 134 1 8.2 859.9 LOW 183 129.5 ARA
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    • 305 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW Company Sale ('000) High Low C'vr P/E 29.5 18 t CNMC Goldmine.............................19.8 +0.3 46 19.8 19.1 5.9 2.7 5 80.7 1.2 0.4
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    • 118 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1071 700 CIMBASEAN40 US$ US749 +15 8 750 749 117.5 4258 2750 DBXT China50 US$ US2859 +59 4 2859 2816 7.9 505 226 DBXT MSBrazil US$ US230 +4
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  • Page 6 Advertisements
    • 135 6 B2 Ramp Up mi La i J 0 D jp I—! '8 W, Own a 2196 sqft ground floor Unit from A B s MKI Free forkim (3 tons) with every unit purchased 2 'Calculated from $3500 monthly loan instalment for a typical unit costing $888,000. Based on 80% loan,
      135 words

  • Page 7 Advertisements
    • 117 7 3L r tat s: r f* LJ u m H L t* a 1 r We build partnerships based on your long-term objectives, not short-term solutions nn investment partners When it comes to Fixed Income, we don’t offer ‘quick fix’ solutions. Instead, we spend time with you. By gaining a
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  • Page 10 Advertisements
    • 257 10 World Amateur Golfers Championship SINGAPORE Join the national golf tour that allows you to compete with peers ENTRY FEE $568 SINGAPORE QUALIFIERS 2 October 2015 (Registration Closed) 14 October 2015 Venue: Sentosa Golf Club (Serapong Course) Selling Fast SINGAPORE FINAL 20 October 2015 Venue: Tanah Merah Country Club (Garden Course)
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  • Page 11 Advertisements
    • 71 11 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
    • 625 12 WP Toronto CANADIANS are invading Manhattan. The country’s largest real estate investors have bought a record US$3.85 billion in property this year in the New York city borough and spent more than any other foreign country in the last decade, according to data
      WP; PHOTO: BLOOMBERG  -  625 words
    • 731 12  -  Analysts expect up to 12 bids for Redhill plot and up to 10 for Sembawang site; with winning bids pegged at S$800-1,050 psf ppr and S$400-550 psf ppr respectively By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE launch of a 99-year
      BT Graphics; Source: URA  -  731 words
    • 639 14 DTZ attributes the fall in rents largely to weaker consumer sentiment and slower retail sales STRAITS TIMES ONLINE Singapore AVERAGE prime first-storey retail rents fell islandwide by 3.7 per cent quarter-on-quarter and 4.5 per cent year-on-year to about S$30.90 per square foot
      STRAITS TIMES ONLINE; FILE PHOTO  -  639 words
    • 339 14  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore JTC Corporation reported a net surplus of S$1.19 billion for financial year 2014, a 16 per cent jump from S$1.03 billion in financial year 2013. This was supported by an 8 per cent rise in operating
      339 words
    • 288 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore PROPERTY developer GuocoLand has found an anchor tenant for the retail component of its Guoco Tower office building in Tanjong Pagar, it said in a press release on Wednesday. It has signed
      288 words
    • 840 16 Govt looking at ways to boost construction, including raising funding and relaxing building codes, amid influx of refugees HOUSING SHORTAGE IN GERMANY BLOOMBERG Berlin GERMAN landlords have been complaining for years that cumbersome regulations make it complicated and expensive to
      BLOOMBERG; PHOTO: REUTERS  -  840 words
    • 547 16 REUTERS Berlin GERMAN hoteliers are mixing humanitarian concerns with business sense to accommodate asylum seekers as the winter approaches and fill thousands of otherwise unwanted rooms. With Germany struggling to shelter the record number of 800,000 migrants expected to arrive this year alone,
      REUTERS  -  547 words
    • 595 17 Swedish developer targets several cities including San Francisco and Los Angeles where technology boom is fuelling demand for office space BLOOMBERG Stockholm SWEDISH construction company Skanska AB is considering expanding its US property development business to cities such as San Francisco and Los
      BLOOMBERG  -  595 words
    • 427 17 BLOOMBERG Zurich WANTED: Tenants who can stomach paying 8,766 Swiss francs (S$ 12,815) a month. On offer: A six-room apartment with a fireplace and veranda in the centre of Zurich. The city’s property management office has been trying to lease two luxury
      BLOOMBERG  -  427 words
    • 256 18 Singapore THE Ministry of National Development (MND) announced on Wednesday board changes at the Housing and Development Board (HDB), which will see former managing partner of KPMG Singapore, Bobby Chin, as HDB’s new deputy chairman. The new term of the HDB Board will be
      256 words
    • 1322 18 Property transactions for districts 1 to 27 with contract dates between Aug 19 and Aug 25,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 21/08/2015 99 506 1354 2676 District 2 NON-LANDED Altez Apt
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    • 856 18 They go on fact-finding missions as they wait for politicians to iron out differences over investment restrictions REUTERS THE race for Cuba’s beach-front is on. Executives from major US hotel chains have stepped up their interest in the Communist island in recent months,
      REUTERS; PHOTO: REUTERS  -  856 words
  • Page 12 Advertisements
    • 31 12 PAYA UBI INDUSTRIAL PARK $1.50psf $350psf ONWARDS LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11 \|<"^'-!>{{^;>!'"'%|-..&\>~-\$_
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    • 210 12 Thomson High-rise Condo Site with Great Views SHUNFU VILLECollective Sale By Tender Land area 408,927 sf; GPR 2.8; up to 36 storeys Central close to popular malls and schools 200m to Marymount MRT Circle Line station 600m to new Thomson East Coast Line station MacRitchie Reservoir SICC Upper Thomson MRT
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    • 55 12 Rare Freehold Industrial Building For Sale Off Raya Lebar Road Land Area: Approx. 21,111 sq ft Gross Floor Area: Approx. 52,778 sq ft Tenure: Freehold Zoning: Business 1 Walking distance to Tai Seng MRT Maverick Li (CEA Registration No. R*****8A) 9069 0053 CBRE Brenda One) (CEA Registration No. R*****4Z) 9616
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  • CONSTRUCTION PRODUCTIVITY
    • 807 13  -  Singapore is banking on the adoption of labour-efficient technologies such as prefabrication and mechanisation in factories that will help eliminate waste and inefficiency in the construction sector. REPORTS BY FRANCIS KAN SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2015 REPORTS BY FRANCIS KAN AS Singapore’s construction industry moves
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    • 355 13 THE five-storey SEF SpaceHub is an Integrated Construction and Prefabrication Hub (ICPH) capable of producing more than 25 types of components including columns, beams, planks, walls, facades, staircases, household shelters and prefabricated bathrooms in a factory setting. These components can then be
      355 words
    • 106 13 ADVANCED construction techniques such as Design for Manufacturing and Assembly (DFMA) will be discussed at the Build Smart Conference to be held on Oct 13 and 14 as part of Singapore Construction Productivity Week (SCPW) 2015. Launched in 2011, the two-day conference aims to provide
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  • Page 13 Advertisements
    • 79 13 Build Smart For A Future-Ready Singapore 13th -16th October 2015 Singapore Expo* Hall 3 Max Atria Visit www.scpw.sg to find out more SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK2015 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
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  • Page 14 Advertisements
    • 154 14 jll.com.au/properties New 10 year government lease Absolute core CBD location FOR SALE L*****26E 81 St Georges Terrace, Perth Modern 14 level office building with total NLA of 12,226sqm* New 10 year lease to WA Government expiring 2026 over 94.5%* of the office NLA Absolute prime St Georges Terrace location in
      154 words
    • 70 14 FREEHOLD BUILDING ON GEYLANG ROAD 5 adjoining 3-storey conservation shophouse Corner unit with prominent 32-metre frontage Commercial Zoning Naming rights available LandArea: Approx. 7,411 sq ft Gross Floor Area: Approx. 21,349 sq ft FOR SALE BY EXPRESSION OF INTEREST Closing Date: 4 Nov 2015, (Wed) at 3pm For further information,
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  • SINGAPORE ACCOUNTANCY CONVENTION
    • 1139 15  -  The accountant of the future will need to have an innovative, adaptable and global mindset to manage the challenges that arise as a result of technology and globalisation. BY FRANCIS KAN BY FRANCIS KAN AS the business landscape becomes more complex and globalised, the role
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    • 212 15 BY 2030, Asean’s GDP is forecast to hit US$10 trillion, representing a five-fold expansion from its 2012 GDP of US$2.2 trillion. With the creation of a single market in the Asean Economic Community (AEC), economic development will be accelerated, bolstering demand for goods and services,
      FILE PHOTO  -  212 words
  • Page 15 Advertisements
    • 154 15 IStA SINGAPORE ACCOUNTANCY CONVENTION W NETWORKING DINNER 2015 Thursday, 12 November 2015 Marina Bay Sands Expo and Convention Centre Register at: www.singaporeaccountancyconvention.sg Gain the latest industry knowledge to lead in a rapidly changing global landscape, from a uniquely Asian perspective. Hear foreign and local industry experts share insights on topics
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  • Page 16 Advertisements
    • 260 16 cf 1 t rr. f n v: s«;• SHOPS FOR SALE Individual or bulk purchase of 3 ground floor shop units (1 unit of 377 sq ft Si 2 units of 420 sq ft each) in a new condominium All 582 Residential Units FULLY SOLD! Regular shop layout with main
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    • 49 16 Hong Fok Group 29 Paya Lebar Road Paya Lebar Office Centre For Lease: 2 blocks of self-contained office available immediately Built-in area 500 11,000 sf. Single or Multi tenants 1 min to Paya Lebar MRT City Plaza Shopping Centre Ready w/light, aircon, water attached toilet Big Carpark YKI@6848 4666
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    • 91 16 Rare Opportunity To Acquire Entertainment Complex 1 3 Yuan Ching Road Prominently located along AYE Land Area: Approx. 234,000 sq ft Gross Floor Area: Approx. 120,000 sq ft JTC balance lease of about 16 years Zoned "Commercial and Residential" under MP2014 Almost 100% occupied Ample open car park lots FOR
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  • Page 17 Advertisements
    • 18 17 Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
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    • 435 17 a. -A A n i y Rw ii ROYAL WHARF LONDON d III iTE M GS F r m Mr m WK'&m i ■■•f »«k.»■-•:! s?.* V5». ,V. it ■/w a M a Ill j&fy. *JRS V I aEaSET ®SapS('.: /A ■§■>•' A IMP na 9SSSSS m JOIN US AT
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  • BANKING & FINANCE
    • 729 19 Fintech startups threatening to shrink bank margins by offering cheaper services New York GLOBAL banks, seeking to protect billions in annual profits from encroaching technology companies, face a choice: battle the upstarts or join them, McKinsey Co said. Weak relationships with
      PHOTO: BLOOMBERG  -  729 words
    • 747 19 BLOOMBERG London IN the last quarter when European equities saw the most volatility in three years and the worst returns in four, investors did something that might seem strange: they bought high. Companies with the loftiest valuations, a group that includes
      BLOOMBERG  -  747 words
  • Page 19 Advertisements
    • 278 19 r, '3. Up -i. h 11 Jk'R j&Lt F« \*''i Mr. ii 10**’ MB PR KJ PERTH, AUSTRALIA ARTIST’S IMPRESSION Exclusive Singapore Launch. Register your interest. Exhibition: Saturday 3rd Sunday 4th October 11am- 7pm Four Seasons Hotel, Windows West, 20th Floor 190 Orchard Boulevard, Singapore *****6 Invest in the heart
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  • ENERGY & COMMODITIES
    • 836 20 Separating the growing products business will expose its legacy unit already reeling from poor commodity prices WP REUTERS New York FOR most of its 127 years, Alcoa Inc has done two things: it’s made aluminium, and it’s made stuff out of aluminium. Now
      WP; REUTERS; PHOTO: BLOOMBERG  -  836 words
    • 782 20 REUTERS Boston ONE in four US large-cap mutual funds has increased its stake in energy companies this year and many have suffered heavier losses than their peers as a result of ill-timed bets. The moves into shares of
      REUTERS  -  782 words
    • 446 20 Australian govt report predicts price rebound as steel production rises and new supplies slow down BLOOMBERG Singapore THE world’s biggest iron ore exporter called the bottom of the market, forecasting a steady rise in prices through 2020 after a decline next year.
      BLOOMBERG  -  446 words
  • Page 20 Advertisements
    • 341 20 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices MARCO POLO MARINE LTD. (UEN/Company Registration No. *****0073Z) (Incorporated in the Republic of Singapore) (“MPM”) Notice to holders (the “Noteholders”) of the outstanding S$50,000,000 5.75 per cent. Fixed Rate Notes due 2016 comprised in Series 001 (ISIN: SG58C*****36) (the “Notes”) of
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  • Page 21 Advertisements
    • 2362 21 THE BUSINESS TIMES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphc|ass.com.sg/notices (Company Registration No.: *****2391 E) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Jaya Holdings Limited (the “Company“) will be held at Hall 1, TKP Conference
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  • TECHNOLOGY
    • 1006 22 It is also set to release a new tablet under the Pixel brand NYT San Francisco APPLE used a flashy stage show last month to lay out a vision for how it wants to take over your living room. Now
      NYT; PHOTO: AFP  -  1,006 words
    • 753 22 REUTERS Singapore ULTRASOUND inaudible sound waves normally associated with cancer treatments and monitoring the unborn may change the way we interact with our mobile devices. Couple that with a different kind of wave light, in the form of lasers and we’re
      REUTERS; PHOTO: DISNEY/MARVEL STUDIOS  -  753 words
    • 500 22 WP Tokyo THE molecules of plant fibres are being transformed into a lightweight material five times stronger than steel that can be used to make everything from car parts to electronic displays. No wonder the technology, called cellulose nanofibre, has piqued interest
      WP  -  500 words
  • Page 22 Advertisements
    • 46 22 HOT PROPERTY THE AZURE BEST full sea view! Rare! 3 bdrms 1712 sf. P/furn. Breezy. Immed $7200 neg. CARIBBEAN 3+1 BDRM 1335sqft, ask $6.5k f/ furn, avail immed LOOKING FOR A PLACE TO RENT? Check out these properties and more in The Straits Times Classified now!
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    • 16 22 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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    • 63 22 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM™ THE STRAITS TIMES SINGAPORE 1845 THEN NOW TOMORROW *> I V •4 4 V 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 Museum till
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  • GOVERNMENT & ECONOMY
    • 746 24 Slowdown being felt more acutely in sectors like banking, consumer goods production and commercial property REUTERS Shanghai CHINA’S economy is officially growing at a brisk clip of 7 per cent, but many locally based executives at multinationals say they wouldn’t know
      REUTERS; PHOTO: BLOOMBERG  -  746 words
    • 560 24 REUTERS Hong Kong HONG KONG is looking at a“new normal” economic growth rate of 2-4 per cent, about half the pace at which it grew in 2011, as its export-dependent economy grapples with a slowdown in China and
      REUTERS; PHOTO: REUTERS  -  560 words
    • 700 24 BLOOMBERG Frankfurt THE euro area’s inflation rate unexpectedly turned negative in September for the first time in six months, adding pressure on the European Central Bank (ECB) to bolster stimulus. Consumer prices in the 19-nation currency bloc fell 0.1
      BLOOMBERG  -  700 words
    • 754 25 Slide comes amid lower external debt burdens, higher foreign reserves than during Asian crisis, among others BLOOMBERG Singapore ASIAN currencies are headed for their biggest quarterly loss since the Asian financial crisis, having been battered by China’s
      BLOOMBERG; PHOTO: AFP  -  754 words
    • 382 25 Chinese slowdown already caused the WTO to cut its 2015 forecast for growth in Asian imports to 2.6% RE UTERS Geneva WORLD trade will grow by 2.8 per cent this year and could be pegged back further by a
      REUTERS  -  382 words
    • 434 26 Switzerland on top for seventh consecutive year; many emerging markets fail to improve since financial crisis BLOOMBERG Geneva SWITZERLAND topped the World Economic Forum’s (WEF) competitiveness ranking for a seventh consecutive year, with Singapore and the United States second and third. “Nurturing
      BLOOMBERG  -  434 words
    • 438 26 Urges world leaders to seal a deal quickly; says ‘the window of opportunity is finite and shrinking’ AFP London CLIMATE change threatens global financial crises and long-term declines in wealth unless world leaders urgently seal a deal to limit it, the
      AFP  -  438 words
    • 550 26 XINHUA Geneva A HARD landing of the Chinese economy seems unlikely, although recent developments have cast some doubt on China’s economic prospects, according to the Global Competitiveness Report 2015-2016 released by the World Economic Forum (WEF) on Wednesday. China has achieved
      XINHUA  -  550 words
    • 658 27 Abdul Wahid Omar says country’s fundamentals are much stronger now than in 1997 Asian financial crisis REUTERS New York MALAYSIA’S economy and currency are suffering from “an almost perfect storm” due to an outflow of funds from emerging markets, low
      REUTERS  -  658 words
    • 379 27 WP Conakry AS workers at Western companies fled West Africa during the world’s worst-ever Ebola outbreak, a state-owned Chinese company carried on. China International Water Electric Corp completed the Kaleta dam on budget and a year ahead of schedule in July, ending
      WP  -  379 words
  • Page 24 Advertisements
    • 171 24 Singapore Capital Expo and Small Cap Showcase OCTOBER2015 13 Oct 2015 (Tue) Discover Leading and Innovative Growth Companies The event will showcase up to 20 companies of Australia’s, Singapore’s and New Zealand’s leading Private, Pre-IPO, ASX, NZX and SGX Listed, Emerging Growth companies. Join us on 13 Oct to hear
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    • 13 24 ASIA’S LEADING LUXURY YACHTING MAGAZINE SINCE 1976 SUBSCRIBENOW! Available on Subscribe at www.asia-pacificboating.com
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  • Page 26 Advertisements
    • 142 26 Download the new Business Times apps for free. V TIMOCRMHK.N (t I 1 Q s!iL 1 u E PAPER (PDF) [mj EDITOR'S CHOICE g Q THE BUSINESS TIMES ■IKS 1 Vnni*nUt* cut 3115 Sg£,'«r h SGSO sets social media abuzz all over the world: Meltwater study GOVERNMENT S ECCfooB Singapore’s
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  • TRANSPORT
    • 798 28 Transport Secretary expects to call a carmaker meeting to underscore government’s crackdown on safety violations NYT Detroit FEDERAL regulators said on Tuesday that Fiat Chrysler Automobiles had significantly under-reported to regulators the number of death and injury claims linked to possible defects in its cars.
      NYT; PHOTO: BLOOMBERG  -  798 words
    • 338 28  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Maritime Port Authority of Singapore has invited companies to tap S$ 12 million set aside to support the construction of LNG-fuelled vessels taking a step closer to the eventual launch of a liquefied
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    • 894 28 REUTERS Berlin VOLKSWAGEN said on Tuesday it will repair up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests. New chief executive Matthias Mueller said that the German carmaker would tell customers in
      REUTERS; PHOTO: BLOOMBERG  -  894 words
    • 534 28 BLOOMBERG Copenhagen DENMARK is planning to almost triple the price of electric cars, including Teslas, and cut pollution taxes on diesel vehicles, according to provisions in the 2016 budget draft. The government is defending the measures by saying they will
      BLOOMBERG  -  534 words
    • 772 29 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
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  • Page 28 Advertisements
    • 42 28 MILLION DOLLAR MISTRI Parsi pioneer who died in 1953 was known as the Godfather of the Poor in Singapore SIGN UP FOR TABLA! CUP AND DEEPAVALI NIGHT cup2015 GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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    • 59 28 Baby Baby Exhibition 20-22 Nov 2015 Singapore Expo Hall 6B Sell your brand, products services directly to over 70,000 new and expecting parents in November 2015! Book your space now! Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Ms Sharifah Fadlia 9005 3451 sfadlia@sph.com.sg ere www.babybabysg.corn Organised by: For more information, visit
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  • Page 29 Advertisements
    • 211 29 PLACE VOUR AD HERE r THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 132 ~7 urgently needed fc>y shippers Can they find your services here in -the Shipping Times? ADVERTISE, CALI IOE WONG AT 9620 'I Announce Your Corporate Developments Come publicise your Corporate Developments, Corporate Image, Company
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  • OPINION
    • 549 30 MUCH of the sense of optimism about the future of Sino-American relations that has dominated Washington for about a quarter of a century seemed to have dissipated over the last few years. EDITORIAL Indeed, very few American officials and lawmakers
      549 words
    • 872 30  -  THE BOTTOM LINE By Noah Feldman BLOOMBERG VIEW HAPPY Birthday has been freed from its copyright shackles: Rejoice! But don’t rejoice too much. The federal district court in California that invalidated Warner/Chappell Music’s claim to own the lyrics didn’t rely on the
      BLOOMBERG VIEW  -  872 words
    • 1280 30  -  Perhaps the time has come for Republicans to stop bashing Latinos and Chinese By Leon Hadar SOMEONE has posted on the Internet a prediction that Cuban leader Fidel Castro supposedly made in 1973, that “the US will come to talk to
      PHOTO: AFP  -  1,280 words
    • 1030 31  -  COMMENTARY By Fabrice Cavarretta T Fabrice Cavarretta is a professor in Management and Entrepreneurship at ESSEC Business School ONCE upon a time, entrepreneurs had one primary course of action if they wanted to realise an idea. First step: go door-to-door looking
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    • 1463 31  -  Speaking with a common voice, they can make investors see greater stability and predictability in emerging markets By Kishore Mahbubani, Girija Pande T Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, is the author
      PHOTO: REUTERS  -  1,463 words


  • LIFE & CULTURE
    • 837 32 He is named in a Swiss criminal investigation into the world football body AFP Paris UEFA president Michel Platini has insisted he will stay in the race for the Fifa presidency despite being named in a Swiss criminal investigation
      AFP; PHOTO: AFP  -  837 words
    • 1482 32 NYT New York IT was a far cry from the bustling, kaleidoscopic street scenes that Anthony Bourdain routinely plunges into during his television travelogues: an empty, dimly-lit pier building on the Hudson River at the edge of the meat-packing district. But Mr
      NYT; PHOTOS: NYT  -  1,482 words
  • Page 32 Miscellaneous
    • 349 32 CRYPTIC CROSSWORD Across 1 Fancy the Parisian coming over, for example with soldier (7) 5 Tilted Sally’s mouth dental upset (7) 9 Cocoa, stale sandwiches: description of Skegness? (7) 10 Leave bags? (7) 11 Truth from headteacher on the radio (9) 12 This compiler set fantastic answers (5) 13 Second
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