The Business Times, 8 October 2015
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2015-10-08
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The Business Times
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Title Section34 2015-10-08 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 [1 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Thursday, October 8,201534 words
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Article, Illustration217 2015-10-08 1 Singapore and Malaysia launch a request for information exercise to gather the industry’s views on how to structure the Kuala Lumpur-Singapore High-Speed Rail project commercially. TOP STORIES 2 Retail Reits will probably perform best in the upcoming third-quarter results, amid an environment of slowing topline growth across the217 words
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Article, Illustration984 2015-10-08 1 Nisha Ramchandani - Firms to sign pledge for green procurement; FairPrice yanks certain products off shelves By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE corporate community in Singapore is stepping up efforts in the fight against the haze, with firms committing to sustainability by adoptingPHOTO: AFP - 984 words
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Article, Illustration1188 2015-10-08 1 Kalpana Rashiwala - MOF does not see need to relax 5-year deadline for developers to complete and sell off a project By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE government has rebuffed calls by some developers to extend the five-year deadline for them to1,188 words
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Article28 2015-10-08 1 MARKETS Wednesday Change STI 2,961.81 +64.40 KL COMP 1,689.25 +26.74 NIKKEI 225 18,322.98 +136.88 HANG SENG 22,515.76 +684.14 SHENZHEN B Closed Closed DOW (11:45am EDT) 16,786.55 (-3.64)28 words
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Page 1 Advertisements
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Advertisement83 2015-10-08 1 SWIBER HOLDINGS Optimistic on new order momentum COMPANIES MARKETS 5 TPP DEAL Road ahead littered with potholes OPINION/26 CONSTRUCTION PRODUCTIVITY WEEK A powerful tool for the sector SPECIAL REPORT 15 TRANSFORMATION Accountancy for the digital era CONVENTION /11 4L iL SPECTRE 007^ IN CINEMAS o OMEGA AVAILABLE AT: Ion Orchard83 words
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TOP STORIES
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445 2015-10-08 2 Samuel Ee - Industry’s views being sought on how the project can be structured commercially By Samuel Ee samuelee@sph.com.sg Singapore SINGAPORE and Malaysia on Wednesday launched a Request for Information (RFI) exercise to gather the industry’s views on how to structure the Kuala Lumpur-Singapore445 words
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Article, Illustration445 2015-10-08 2 Samuel Ee - Cat A inches up S$602 to S$56,001 while Cat B slides S$1,811 to S$58,190 By Samuel Ee samuelee@sph.com.sg Singapore CERTIFICATE of Entitlement (COE) premiums were largely flat in the first bidding exercise for October, with the so-called “big car” category slippingFILE PHOTO - 445 words
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Article, Illustration506 2015-10-08 2 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LONDON and Paris may still be the preferred venues for international arbitration, but Hong Kong and Singapore are closing the gap, a study found. Conducted by Queen Mary University of London (QMUL) and global law firmSource: School of International Arbitration, Queen Mary, University of London - 506 words
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358 2015-10-08 2 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Ministry of Health (MOH) on Wednesday said it was not made aware of the Hepatitis C cluster outbreak at the Singapore General Hospital (SGH) earlier as most acute infections of viral Hepatitis C are silent.358 words
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560 2015-10-08 3 Anthony Rowley - New IMF and IIF reports released also warn of threat to the stability of global financial markets By Anthony Rowley btworld@sph.com.sg Lima, Peru EMERGING market growth continues to slow and there is a risk that contagion could spread to advanced economies, slowing560 words
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Article, Illustration472 2015-10-08 3 Soon Weilun - Kingsland sees data centres as its new growth area to generate 50% of revenue By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A HOMEGROWN industrial property developer is investing more than S$ 100 million into its new data centre venture, with the hope that472 words
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Article, Illustration752 2015-10-08 4 Andrea Soh - Swiss fragrance and flavour group opens production hub and its first perfumery school outside France Reports by Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore FRAGRANCE and flavour company Givaudan on Wednesday opened a production hub and its second global perfumery school in Singapore representing its752 words
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495 2015-10-08 4 THE Givaudan Perfumery School in Singapore its first outside of France is part of efforts in the city-state to develop deep skill-sets in many areas and to create alternative pathways to success. Said Beh Swan Gin, chairman of the Economic Development Board495 words
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1303 2015-10-08 4 REUTERS Jakarta THE Indonesian government is asking major palm oil companies to roll back the historic “no deforestation” pledges they made at last year’s United Nations climate change summit, officials and company sources say. Major palm oil companies wereREUTERS - 1,303 words
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570 2015-10-08 4 Amit Roy Choudhury - Students are now keener on ICT, so it’s good news for a sector with a shortage of professionals: observers By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore MORE infocomm technology (ICT) professionals are looking to stay on in the industry,570 words
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Page 3 Advertisements
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Advertisement179 2015-10-08 3 Audi Hi rji (l i Vorsprung durch Technik The power of presence. Enjoy exceptional offers on the Audi A7 Sportback now 3* ra r j I Audi A7 from $289,999 with 3 years free servicing,* Like the new generation of leaders, the Audi A7 Sportback is dynamic, elegant and powerful.179 words
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COMPANIES & MARKETS
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Article, Illustration989 2015-10-08 5 Tan Hwee Hwee - Besides top revenue contributors Latin America and South Asia, the firm is also eyeing the African basins By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SWIBER Holdings is cautiously optimistic that new order momentum can be maintained due to sustained field development989 words
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161 2015-10-08 5 Singapore OCBC Bank said on Wednesday that it expects to save S$6 million over five years from an upgrade in its cash deposit machines. The machines will now accept the full range of Singapore dollar denominations: S$2, S$5, S$10, S$50, S$100161 words
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625 2015-10-08 5 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UOB has quietly gained pace in the cash management business, with a record 42 per cent jump in revenue for the first half of this year from a year ago. The broad-based growth comes amid billions625 words
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849 2015-10-08 6 MELISSA TAN - Just how does the so-called “forward agreement” between DNB and Frontica gel with a “right to purchase”? HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT AT first blush, the mystery of who sold a 7.04 per cent stake in offshore and marine group Ezra849 words
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Article, Illustration419 2015-10-08 6 Anita Gabriel - HOT STOCK By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IF Tony Fernandes, co-founder of Asia’s top budget carrier AirAsia, had his way, he would have pulled off a buyout of his flagship firm listed on the Malaysian stock exchange six years ago. For one, takingSource: Bloomberg - 419 words
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CORPORATE DIGEST
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Article62 2015-10-08 6 SWISSCO Holdings on Wednesday said its group chief operating officer, Mark Gibson, has left due to personal reasons, just six months after being appointed to the position. He had resigned on Sept 18, a regulatory filing showed. Mr Gibson was appointed to the position on March 1. He62 words
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Article58 2015-10-08 6 REAL estate developer Oxley Holdings on Wednesday clarified that the reported acquisitions in International Healthway Corp (IHC) by its chief executive Ching Chiat Kwong and deputy CEO Low See Ching are “personal and independent investment decisions”. It added that the purchases do not have “any connection or impact58 words
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Article49 2015-10-08 6 CDL Hospitality Trusts on Wednesday said it has officially opened Claymore Connect formerly known as Orchard Hotel Shopping Arcade following a renovation exercise, which started in December 2013. The mall’s net lettable area has been increased by about 10,000 sq ft to about 54,000 sq ft.49 words
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Article50 2015-10-08 6 ramba Energy on Wednesday said Verona Capital has filed an appeal of the decision issued by the Singapore High Court on Sept 7. In the judgment, the court had dismissed Verona’s claim and allowed Ramba Energy West Jambi’s (REWJ) counterclaim. REWJ is a wholly owned subsidiary of Ramba.50 words
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430 2015-10-08 6 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HIPVAN, an online store for designer furniture and home decor inspiration, has snagged S$4.7 million in Series A funding to build the “next Ikea” online, and further develop its private label products from430 words
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584 2015-10-08 7 Lee Meixian - Overall, slowing growth will mean lower DPUs in coming years By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RETAIL real estate investment trusts (Reits) will probably perform best in the upcoming third-quarter results, amid an environment of slowing topline growth across the sub-sectors. DBS584 words
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197 2015-10-08 7 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore PEC Ltd on Wednesday said about S$19 million due from its client Jurong Aromatics Corporation (JAC), which has been put into receivership, remains outstanding. Correspondingly, the specialist engineering group said that it may report a197 words
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Article, Illustration703 2015-10-08 8 R Sivanithy - ST Index rises another 2.2%, after Wall Street’s rebound in response to last Friday’s disappointing US jobs report STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ONCE again, it appears that “bad economic news is good for stocks”. Wall Street has rebounded strongly since theSource: Bloomberg - 703 words
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Article303 2015-10-08 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 -2 239/236 271 213 6.1 6022.4 CapitaLand 303 +8 305/292 379 267 11.1 3 *****.7 CapitaMall Trust 197 +1 197.5/195 228 184.5 5.5 6836.7 CityDev 812 +12 814/791 1095 759 9.8303 words
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Article34 2015-10-08 8 VOLUME Ezra 134,965,500 IHC 129,139,800 Noble 110,250,900 Vallianz 82,980,900 Rex Intl 58,670,200 Market volume 2,145,551,000 VALUE DBS Grp 147,916,397 Singtel 143,998,534 OCBC Bank 124,919,822 Keppel Corp 107,115,610 UOB 100,330,708 Market value 1,589,724,00034 words
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Article110 2015-10-08 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 300 +7 754 300/293 355/280 300/301 IS MS INDIA US$ US717 +7 508 718/711 1000/648 713/717 89.6 DBXT MSRussia US$ US183 +7 70 183/181 245/140 184/185 DBXT MSBrazil US$ US261 +10 20 261/261 505/226110 words
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Article77 2015-10-08 8 Oct 7 VALUE CLOSE BT OB/OS 228.00 +242.00 BT CADI -*****.00 +226.00 BT 10-day MA -*****.00 +23.00 FTSE ST Mid Cap 686.75 +8.26 FTSE ST Small Cap 418.33 +8.51 FTSE ST All Share 715.75 +14.54 FTSE ST China Top 177.02 +3.71 FTSE ST China 216.24 +4.21 FTSE77 words
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Article, Illustration35 2015-10-08 8 STI FTSE ST All-Share ftse ST All-Share index Oct 7,2015 715.75 +14.54 (+2.07%) Current streak 3 days Day high 717.02 Day low 698.64 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)35 words
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Article, Illustration33 2015-10-08 8 STI MSCI EAFE MSCI EAFE index Oct 6,2015 1,719.73 +17.59 (+1.03%) Current streak 5 days Day high 1,722.35 Day low 1,699.88 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)33 words
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Article186 2015-10-08 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 1 0 0 0 8 3 1 Manufacturing 58 18 33 16 6 6 74 24 39 Commerce 28 8 19 10 1 4 38 9 23 Tpt/Stor/Comms 27 6 3186 words
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Article123 2015-10-08 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,744 37,744 149,325 149,325 Manufacturing 209,200 87,520 296,720 139,971 4,585 144,556 Commerce 134,448 156,109 290,557 87,717 6,244 93,961 Tpt/Stor/Comms 284,059 1,693 285,752 278,323 133 278,456 Finance 36,927 61 36,988 405,185 10 405,194 Construction 25,484 48,539123 words
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Article78 2015-10-08 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 6889 620.9 6.8 9182/6250 DBXT Nifty US$ ***** 339.5 1.9 *****/***** Lyxor ChinaH US$ 1550 305.5 16.2 2055/1250 JMH USD 5085 205.1 2.9 6788/4502 GLD US$ ***** 155.6 1.0 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Jacks Intl 80 90.578 words
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Article77 2015-10-08 8 BY CENTS CLOSE DOWN 52w high/low DBXT S&PShort US$ 2224 -19.8 -0.6 2497/2104 STI 3200MBePW15 10.2 -8.0 -44.0 18.2/4.4 CIMBASEAN40 US$ 790 -7.1 -0.6 1069/700 SIA 1064 -6.0 -0.6 1291/957 UOB MB ePW*****1 13.7 -6.0 -30.5 19.7/13.7 BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB eCW*****4 0.6 -45.5 -0.577 words
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Article85 2015-10-08 8 VOL CLOSE($) CHANGE Jacks Intl 196.3 0.800 +0.380 +90.48 Lorenzo Intl 90.8 0.044 -0.018 -29.03 Interra Resource 1,332.7 0.094 +0.015 +18.99 China Dairy 116.3 0.115 +0.020 +21.05 Meghmani SDS 119.0 0.225 +0.045 +25.00 G Invacom 7,255.1 0.186 +0.035 +23.18 Loyz Energy 23,402.5 0.040 +0.010 +33.33 Wilton Resources 60.085 words
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Article439 2015-10-08 8 Cai Haoxiang - Compiled by Cai Haoxiang Singapore Reits DBS Group Research, Oct 7 The weakness in jobs data from the US prompted DBS economists to revise our forecast for the Fed to postpone their rate lift-off to Q1 2016 from December 2015 and subsequent hikes to be more modest (two439 words
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453 2015-10-08 9 CURRENCIES REUTERS BLOOMBERG London THE yen rose on Wednesday after the Bank of Japan left monetary policy unchanged and governor Haruhiko Kuroda struck an optimistic note about the economy despite recent weakness. The yen had been pressured earlierREUTERS; BLOOMBERG - 453 words
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FOREX RATES
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Article471 2015-10-08 9 Oct 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.937 4.582 0.642 5.587 46.898 99.196 0.865 8.330 3.013 1.089 75.309 33.259 1.020 9.700 0.698 23.332 25.888 0.472 0.721 Canada 1.067 4.889471 words
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Article155 2015-10-08 9 OCt 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0194 1.0201 0.7207 0.7211 Canadian dollar 1.0876 1.0882 0.7693 0.7689 Euro 1.5889 1.5893 1.1234 1.1235 NZ dollar 0.9359 0.9369 0.6617 0.6623 Sterling pound 2.1609 2.1618 1.5278 1.5282155 words
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Article22 2015-10-08 9 Oct 7 S$ Bid Offer 1-month 1.4155 1.4160 2-months 1.4169 1.4174 3-months 1.4180 1.4185 6-months 1.4209 1.4215 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article378 2015-10-08 9 Oct 7 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 0 *****1 Nov15 0 239 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 *****9 *****8 Mar16 *****.00 *****.00 *****.00 *****.00 16 656 MSCI TAIWAN INDEX FUTURES Oct15 310.40 314.30 309.70 314.10 *****378 words
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205 2015-10-08 9 Most active Oct 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****1 17 2.5 8988 0.2 900 3 KepCorp MB eCW*****1 9.9 2.2 8408 0.2 780 4 KepCorp MB eCW*****2 18.3 2.4 8084 0.2 700205 words
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373 2015-10-08 9 In local curr In S$ In US$ dy yr dy yr dy yr Oct 6 Index Change Change Change Change Change Change World Preliminary 1246.9 -0.1 -2.3 0.1 2.9 0.1 -4.2 EAFE Preliminary 994.3 0.7 0.8 1.1 4.1 1.0 -3.1 Europe Preliminary 1399.7 0.7 1.3373 words
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BANK RATES
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Article154 2015-10-08 9 Oct 7 $S Offer Bid 0vernight 0.10 0.05 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.125 US$ 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 12154 words
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Article69 2015-10-08 9 Oct 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.38 100.48 100.40 5-Year N*****0S 2.000 01-Jul-20 100.63 101.00 100.88 10-Year NX*****Z 2.375 01-Jun-25 98.94 100.15 99.15 15-Year NZ*****F 2.875 01-Sep-30 100.68 102.12 101.10 20-Year NZ*****V 3.375 01-Sep-33 107.8869 words
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AGRI METALS ENERGY
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Article193 2015-10-08 9 Oct-6 Price Net change change Last Trade Agricultural Oct-6 CBOT Soybeans (US cents/bu) 888.00 3.75 0.42% 13/11/2015 CBOT Soybean Oil (US cents/lb) 28.51 0.03 0.11% 14/10/2015 CBOT Wheat (US cents/bu) 526.25 10.75 2.09% 14/12/2015 Oct-6 LIFFE Cocoa (£/tonne) 2120.00 -6.00 -0.28% 14/12/2015 LIFFE Coffee (US$/tonne) 1600.00 -9.00 -0.56%193 words
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Article57 2015-10-08 9 Oct 7 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2257.0 2271.0 2280.0 2251.0 63 1917 Nov 15 2336.0 2285.0 2339.0 2274.0 3047 ***** Dec 15 2380.0 2319.0 2380.0 2309.0 ***** ***** Jan 16 2414.0 2350.057 words
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Article1976 2015-10-08 10 Transaction date: Oct 7 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 136.5 +2 968 137 134.5 1 8.1 866.3 LOW 183 129.5 ARA1,976 words
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Article374 2015-10-08 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 13.5 3.9 t Abundance Intl ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t SCnergy 10 4.5 1.1 t Charisma Energy 1.4 +0.2 *****374 words
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Article123 2015-10-08 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1069 700 CIMBASEAN40 US$ US790 -5 0 790 790 123.9 4258 2750 DBXT China50 US$ US3090 +59 0 3090 3090 8.5 High 505 226 DBXT MSBrazil US$ US261123 words
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Page 5 Advertisements
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Advertisement171 2015-10-08 5 ONLY FOR WINE INE SELF-STORAGE L OCATED 5 MINUTES FROM ORCHARD ROAD TARTINC AT $1.88 PER CASE PER MONTH 1 Chang Charn Road #04-05/06/07 OC Building (off Leng Kee Road) Singapore *****0 Tel: (65) 6464 9988 SALES GENERAL ENQUIRIES sales@onlyforwine.com.sg www.onlyforwine.com.sg ©Only For Wine 2015 HALLMARK RESIDENCES FREEHOLD. FOREIGNERS ELIGIBLE.171 words
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Advertisement9 2015-10-08 6 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices9 words
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Advertisement299 2015-10-08 7 Work FOR RENT PlAyfiARdER III I I hilllliiilki. 2 mi ii iiii ii ii mm HIM Mia BUM mB Sjji-'? bi jhb in MIMlliii""' g!i I. ?a i!8 if ii< sill Immediate occupation for Bl Industrial purposes vat si i ii ssu mil E" mass z mu ill ESSE E299 words
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Advertisement71 2015-10-08 10 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!71 words
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SINGAPORE ACCOUNTANCY CONVENTION
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Article, Illustration1117 2015-10-08 11 FRANCIS KAN - New technologies are giving accountants an opportunity to add greater value to the organisations they serve. BY FRANCIS KAN A S technology becomes increasingly woven into the fabric of accountancy over the next decade, the profession will need to harness tools such as cloud1,117 words
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249 2015-10-08 11 ACCORDING to Lee Sze Yeng, head of quality at KPMG in Singapore, enhancing audit quality continues to be paramount. “Through data and analytics (D&A), we are not only enhancing quality, but are unlocking the value of audit for our clients, going beyond compliance and249 words
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Page 11 Advertisements
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Advertisement164 2015-10-08 11 IS€!A v V J/ SINGAPORE ACCOUNTANCY CONVENTION NETWORKING DINNER 80‘S 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 and trends in today's business world. Speakers include; Gerard Ee Olivia Kirtley164 words
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REAL ESTATE
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344 2015-10-08 12 The pool of capital pledges slightly exceeds its target at a time of volatility in financial markets BLOOMBERG Seattle TPG Capital finished gathering more than US$2 billion of capital pledges for its first multi-investor real estate fund, slightly exceeding itsBLOOMBERG - 344 words
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214 2015-10-08 12 BLOOMBERG Berlin IVG Immobilien AG, the German property company that was taken over by creditors including Cerberus Capital Management LP in 2014, is preparing to exit its main business of owning and managing offices, according to two people with knowledgeBLOOMBERG - 214 words
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Article, Illustration592 2015-10-08 12 REUTERS London BRITAIN’S financial watchdog said on Wednesday that it has begun a review of the £1.3 trillion (S$2.8 trillion) mortgage market to see if there are areas where competition may not be working well or could be improved. The regulator’s actionREUTERS; PHOTO: BLOOMBERG - 592 words
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364 2015-10-08 12 REUTERS Sao Paulo US hotel chain Marriott International Inc plans to almost triple the number of its hotels in Brazil, in a bet that the nation’s worst recession in a quartercentury will be short-lived. The company will spendREUTERS - 364 words
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Article, Illustration529 2015-10-08 13 Lynette Khoo - Other winners are Garden City Fund’s Kirtida Mekani, East View Primary School, and wafer fab company Systems on Silicon Manufacturing Company By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CITY Developments Ltd (CDL) deputy chairman Kwek Leng Joo is among four winners529 words
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187 2015-10-08 13 BLOOMBERG Kuwait IRAN is in the midst of a shopping mall boom. Several malls, some of them catering only for luxury brands, have opened in the capital, Teheran, in the past few years. Several more are under construction, with the biggest concentration beingBLOOMBERG - 187 words
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Article, Illustration522 2015-10-08 14 Lee Meixian - The plot, owned by mattress retailer The Mattress Centre, is about 7,600 sq ft By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A THREE-STOREY standalone freehold building at 8 Jalan Ismail, currently known as The Mattress Centre, has been put up for sale via522 words
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539 2015-10-08 14 BLOOMBERG Toronto US commercial real estate investors are looking inland. The Dallas-Fort Worth area of Texas, prized for its diverse job market and success in luring companies that are relocating, ranked as the top area for commercial property investment in aBLOOMBERG - 539 words
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Article1334 2015-10-08 14 Property transactions for districts 1 to 28 with contract dates between Aug 26 and Sept 1,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 26/08/2015 99 2691 6900 2564 People's Park Cplx Apt 01/09/20151,334 words
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Page 12 Advertisements
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Advertisement357 2015-10-08 12 FOR SALE |savills SINGLE STOREY JTC STANDARD FACTORY FIFTH LOKYANG ROAD Land Area: 44,702 sq ft Floor Area: 24,673 sq ft Tenure: 60 years wef 16/8/1973 FOURTH LOKYANG ROAD Land Area: 44,702 sq ft Floor Area: 27,674 sq ft Tenure: 60 years wef 1/8/1973 Plots are sold separately or combined357 words
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Advertisement218 2015-10-08 12 FOR SALE BY TENDER Address 5 Ang Mo Kio Industrial Park 2A, AMK Tech II, Singapore *****0 Description Tenure Master Plan Zoning 5 units of strata-titled HDB leasehold industrial property 30 years leasehold from 1 Jan 2001 Business 2 Tender Closing Date Tuesday, 20 October 2015 at 3.00pm For enquiries,218 words
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Advertisement536 2015-10-08 13 PRIME COMMERCIAL OPPORTUNITY A CRD LANDMARK 79 RORINSON ROAD fV !«ifc Prominent corner location with dual road frontage Site Area 4,371.7 sqm/approximately 47,056 sq ft Potential GFA approximately 56,307 sqm 606,088 sq ft Up to 50 Storey height restriction Future direct connectivity to Tanjong Pagar MRT Station Superior unblocked views536 words
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Advertisement12 2015-10-08 14 we provide solutions not just property search.savills.com.sg EA Licence No. L*****88B savills12 words
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CONSTRUCTION PRODUCTIVITY
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Article, Illustration1953 2015-10-08 15 Four members of the international panel of experts on building information modelling share their views on this cutting-edge construction technology SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK Participants: T Joseph Yau, managing director, Asia-Pacific region operations, DPR Construction T John Keung, CEO, Building And Construction Authority (BCA)1,953 words
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Advertisement81 2015-10-08 15 Build Smart For A Future-Ready Singapore 1 3th 1 6th October 2015 Singapore Expo* Hall 3 Max Atria 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 build smart. Visit www.scpw.sg81 words
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BANKING & FINANCE
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658 2015-10-08 16 Tokyo is counting on trust in one of Japan’s best-known, most stable companies to propel offerings to success REUTERS Tokyo STATE-OWNED Japan Post on Wednesday set indicative price ranges for a trio of initial public offerings in what it hopesREUTERS - 658 words
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Article, Illustration665 2015-10-08 16 BLOOMBERG Hong Kong INDONESIAN stocks will rally through year-end as an undervalued rupiah lures back global money managers and President Joko Widodo delivers on plans to improve infrastructure in South-east Asia’s biggest economy, according to the nation’s largest investor. “The bottom isBLOOMBERG; PHOTO: REUTERS - 665 words
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323 2015-10-08 16 REUTERS Kuala Lumpur BANK deposits in Malaysia are growing at their slowest pace in more than a decade as retail funds flee to high-er-yielding avenues, weakening banks’ buffers against any unforeseen funding needs at a time when the economy is losing steam. TotalREUTERS - 323 words
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Article, Illustration559 2015-10-08 16 BLOOMBERG Washington THE top Democrat on the US Senate Banking Committee is conducting a wide-ranging inquiry into Wall Street’s compliance with government enforcement settlements, following complaints that banks keep getting in trouble after being punished by regulators. Ohio Senator SherrodBLOOMBERG - 559 words
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532 2015-10-08 16 BLOOMBERG Tokyo LOMBARD Odier, Geneva’s oldest private bank, plans to expand its private banking business in Japan, adding about 10 wealth management employees in a bid to double its client base and assets over the next two years. The bank, whichBLOOMBERG - 532 words
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Advertisement113 2015-10-08 16 GOOD CLASS BUNGALOW LAND FOR SALE HOLLAND PARK Brand New Land ***** sf Build Up ***** sf Contemporary tropical design Beautiful land Wide frontage Easy access, mins to Botanic Garden, Priced to sell SWISS CLUB ROAD Land ***** sf Beautiful elevated yet flat land Amazing view BELMONT Easy access to113 words
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Advertisement2764 2015-10-08 17 THE BUSINESS TIMES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphc|ass.com.sg/notices TIONG WOON CORPORATION HOLDING LTD (Company Registration No. **********) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of TIONG WOON CORPORATION HOLDING LTD (the “Company”) will be2,764 words
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ENERGY & COMMODITIES
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620 2015-10-08 18 The company expects exploration costs to fall by one-fifth as fees for rigs and vessels moderate BLOOMBERG New Delhi THE worst commodity slump in a generation has a silver lining for India’s state-run energy explorer. Oil Natural Gas Corp predictsBLOOMBERG - 620 words
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Article, Illustration569 2015-10-08 18 BLOOMBERG Santiago WEEKS after billionaire investor Carl Icahn disclosed a stake in FreeportMcMoRan Inc, the mining and energy company abruptly revamped its board and said it was considering spinning off its oil and natural gas business. The move is theBLOOMBERG - 569 words
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490 2015-10-08 18 BLOOMBERG Dusseldorf FROM cement and steel producers to the makers of plastics, European companies facing increasingly stringent limits on industrial emissions are trying to come up with creative ways to transform the pollution they produce. HeidelbergCement is using blast-furnace slagBLOOMBERG - 490 words
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TECHNOLOGY
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832 2015-10-08 19 Invalidating trans-Atlantic data-sharing pact may also stifle spy agencies in thwarting terror plots BLOOMBERG Luxembourg US Internet companies may lose billions of dollars and spy agencies may be stifled in thwarting terror plots after Europe’s highest court struck down a trans-AtlanticBLOOMBERG - 832 words
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Article, Illustration704 2015-10-08 19 Tech giant also launches its first laptop, the Surface Book, among other gadgets AFP New York MICROSOFT unveiled its first Windows 10 smartphones on Tuesday as it launched a series of new gadgets in a bid to win a bigger share of the competitive mobileAFP; PHOTO: AFP - 704 words
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463 2015-10-08 19 AFP New York US tech giants are turning to the news in their competition for mobile users, developing new, faster ways to deliver content, but the benefits for struggling media outlets remain unclear. Mobile “drives so much traffic” because many peopleAFP - 463 words
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Advertisement65 2015-10-08 19 BENHAM FINANCIAL ENTERPRISES INC. (In Voluntary Liquidation) Company No. *****0 NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntaryliquidation commencedon 29th September2015. The Liquidator is Mr Abhishek Yadav of 23 S. D Mukherjee65 words
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CONSUMER
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729 2015-10-08 20 It is publicly revealing for the first time the benefits that it gets from some price increases; says it has not been as dependent on drug price increases as analysts’ reports claim BLOOMBERG San Francisco AMID an intensifying debate over drug price increasesBLOOMBERG - 729 words
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Article, Illustration534 2015-10-08 20 AFP Seoul SOUTH Korea’s Samsung Electronics flagged a nearly 80 per cent jump in quarterly profit on Wednesday, as sales of chips and displays offset stiff competition in smartphones from Apple and cheaper Chinese rivals. The stellar earnings forecast sent shares soaring 8.7AFP; PHOTO: AFP - 534 words
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Article, Illustration423 2015-10-08 20 BLOOMBERG Zurich NESPRESSO, the world’s biggest sin-gle-serve coffee brand, will start selling capsules containing coffee from South Sudan in an effort to help rebuild an industry that nearly disappeared during decades of civil war. The Nestle SA unit will invest about 2.5BLOOMBERG; PHOTO: AFP - 423 words
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Article, Illustration508 2015-10-08 20 BLOOMBERG London SABMiller Plc has rejected AnheuserBusch InBev NV’s £68 billion (S$ 146.7 billion) takeover proposal as too low, putting it in conflict with its biggest shareholder, Altria Group Inc, which urged the brewer to support the overture.BLOOMBERG; PHOTO: BLOOMBERG - 508 words
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261 2015-10-08 20 BLOOMBERG Hong Kong TWO Chinese startups separately backed by Alibaba Group Holding Ltd and Tencent Holdings Ltd have agreed to a merger that will create a US$15 billion provider of local services like restaurant reviews and movie bookings, people withBLOOMBERG - 261 words
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Advertisement34 2015-10-08 20 THE SHOW MUST GO ON Promoters tell tabla!the challenges of staging shows S’PORE CHARITY GIVES WOMEN A REASON TO SMILE GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)34 words
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Advertisement59 2015-10-08 20 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, visit59 words
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GOVERNMENT & ECONOMY
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Article, Illustration707 2015-10-08 21 Neil Behrmann - Meanwhile, brokers Sanford Bernstein warns that UK and other European banks have sizeable exposure to Glencore and other commodity traders By Neil Behrmann btworld@sph.com.sg London STANDARD Poor’s has downgraded the debt of numerous US, European and emerging market energy companies while brokers Sanford BernsteinPHOTO: BLOOMBERG - 707 words
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662 2015-10-08 21 REU TERS Singapore ASIA’S worst performing currencies, the Indonesian rupiah and Malaysian ringgit, rallied strongly to multi-week highs on Wednesday, helped by the previous day’s intervention by Indonesian authorities, robust Malaysian data and a heavy liquidation of positions. By the close ofREUTERS - 662 words
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Article, Illustration571 2015-10-08 21 REUTERS Manchester, England PRIME Minister David Cameron said on Wednesday that he would fight hard in his talks to change Britain’s relationship with the European Union, calling the 28-member bloc “too big, too bossy and too interfering”. In aREUTERS - 571 words
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Article, Illustration981 2015-10-08 22 This is despite growing pressure on policymakers amid sluggish growth, stagnant prices AFP BLOOMBERG Tokyo THE Bank of Japan held its fire on Wednesday on expanding its already huge stimulus programme, despite mounting pressure on policymakers from sluggish growth and stagnant prices. TheAFP; BLOOMBERG; PHOTO: REUTERS - 981 words
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1033 2015-10-08 22 BLOOMBERG Washington JANET Yellen is pursuing a monetary policy with echoes from an era of bell-bottom jeans and New York Knicks’ basketball championships. And that’s got some economists worried. In an unorthodox move, the Fed chair has signalled her intention toBLOOMBERG - 1,033 words
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532 2015-10-08 22 BLOOMBERG REUTERS Zurich GERMAN industrial production unexpectedly declined in August, signalling that Europe’s largest economy is feeling the effects of weaker emerging market demand. Output, adjusted for seasonal swings and inflation, fell 1.2 per cent in August after a revised increaseBLOOMBERG; REUTERS - 532 words
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355 2015-10-08 22 BLOOMBERG Frankfurt EUROPE’S stability is proving to be the root of its economic weakness, economists said at a conference in London. The region’s ageing population, while providing a bulwark against dramatic upheaval, is struggling to adapt to a changing world, panelistsBLOOMBERG - 355 words
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519 2015-10-08 23 A report this week shows services growing at the weakest pace in more than two years BLOOMBERG London THE UK economy is losing its fizz and it might be a while before it gets going enough to spark inflation. Bank of England GovernorBLOOMBERG - 519 words
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Page 21 Advertisements
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TRANSPORT
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400 2015-10-08 24 BLOOMBERG Montreal BOMBARDIER Inc, burning cash while developing the struggling CSeries jetliner, held talks on a potential business collaboration with Airbus Group SE before the two planemakers abandoned the effort. “Such discussions are no longer being pursued,” Airbus said on Tuesday. BombardierBLOOMBERG - 400 words
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Article, Illustration655 2015-10-08 24 Its feats include entering public expressways, switching lanes and steering to off ramp BLOOMBERG Tokyo TOUCH a button on the steering wheel and put your hands up this Toyota will take it from here. That’s the gist of the experience Toyota MotorBLOOMBERG; PHOTO: BLOOMBERG - 655 words
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Article, Illustration597 2015-10-08 24 BLOOMBERG Washington THE US Federal Aviation Administration (FAA) is proposing the largest fine to date against a drone operator as the agency cracks down on the booming use of unmanned aircraft in congested skies over populated areas. The agencyBLOOMBERG - 597 words
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845 2015-10-08 24 Investors keen to buy into America’s busiest airport, and city’s bad credit rating likely to give yield premium BLOOMBERG Chicago EVEN as Chicago confronts a fiscal crisis, investors are looking beyond its turbulent finances with anticipation toward the city’s biggest bondBLOOMBERG - 845 words
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794 2015-10-08 25 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 10794 words
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Page 24 Advertisements
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Advertisement52 2015-10-08 24 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices BT Download the new Business Times apps for free. C i i Ct 11IK iii S\KV> TIMI>mwmhii* I 4. Download on the *mo**o»~oh U App Store r* Coo S lc P |a V52 words
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Advertisement185 2015-10-08 24 Key Learning Points Date: 24th Oct 2015 (Sat Time: 9.00am 5.00pm (Registration starts at 8.30am) Learn Simple and Powerful Trading Strategies that you can use right away Uncover the 3 Keys to Mastering Forex Fundamentals Get Tips on Trading the USD, EUR, SGD, AUD, GBP and more! Strategies for Day185 words
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Advertisement198 2015-10-08 25 PLACE YOUR AD HERE r THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 urgently needed b>y shippers Can they find your services Here in the Shipping Times'? Tl IK, BUSINESS TIMI’.S S PING TIMES Publicise Your Deliver Newbu i Come publicise your Ship Christenings Delivery of Newbuilds,198 words
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OPINION
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538 2015-10-08 26 THE reaction around the world to the latest mass shooting in America in which at least 10 people were killed and 20 injured when a 26-year-old man opened fire on the campus of Umpqua Community College in Oregon on Oct 1538 words
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Article, Illustration794 2015-10-08 26 Frank Ching - THE BOTTOM LINE By Frank Ching Frank.ching@gmail.com Twitter: @FrankChing1 IMMEDIATELY after his state visit to the US, China’s leader Xi Jinping headed for New York, as did his host, Barack Obama. Both men, and other world leaders, were in the city794 words
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Article, Illustration1419 2015-10-08 26 Leon Hadar - Leading US presidential candidates from both parties expected to oppose the pact By Leon Hadar THE way the sportscaster usually cautions when it looks like your favourite team is winning (3-2), is: “It ain’t over till the fat lady sings”, but then, youPHOTO: REUTERS - 1,419 words
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717 2015-10-08 27 Jon Allaway - COMMENTARY By Jon Allaway T The writer is senior managing director, Asean financial services, at Accenture NO matter what the actual question shareholders are asking banks these days, the crux of what they are invariably getting at is simple. How do you717 words
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Article, Illustration2242 2015-10-08 27 DALAN MCENDREE - Energy industry is vital to Russia’s survival and Putin’s gameplan in the Mideast involves multiple strategies to protect it. BY DALAN MCENDREE BY DALAN MCENDREE RUSSIANPresidentVladimir Putin’s recent moves in the Middle East to shore up Bashar al-Assad’s regime in Syria through deploymentPHOTO: REUTERS - 2,242 words
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326 2015-10-08 27 Ho Swee Huat - LETTER TO THE EDITOR Ho Swee Huat Singapore I REFER to the report “Ser Luck: Govt to look into foreign worker levy” (BT, Oct 6). Apart from the financial burden imposed by foreign worker levies on businesses, it is imperative that the government consider the326 words
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LIFE & CULTURE
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Article, Illustration1108 2015-10-08 28 Richard Dawkins’ sequel to his memoir presents a public life more than a private one NYT New York IN Richard Dawkins’ first memoir, An Appetite for Wonder (2013), he described losing his virginity, at the somewhat advanced age of 22, to a cellist inNYT; PHOTO: NYT - 1,108 words
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Article252 2015-10-08 28 BLOOMBERG San Francisco THE former chief executive officer of the beleaguered social network Twitter has a new job that some might view as a promotion a contributor to the writers’ room on HBO’s hit show, Silicon Valley. Dick Costolo, a one-time stand-up comedian, says he’s spendingBLOOMBERG - 252 words
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Article, Illustration750 2015-10-08 28 WP Paris DESIGN houses have been full of angst, despair and braggadocio this season about its relationship with social media. To cave in to the bacchanal of flamboyance or to remain mies-en-scene free and pure? What to do? It’s aWP; PHOTOS: REUTERS, AFP - 750 words
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Page 28 Miscellaneous
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Miscellaneous297 2015-10-08 28 CRYPTIC CROSSWORD Across 5 Onset of hail pergola may provide shelter (7) 7 Wheel may show this as rake scoops in grand? (5) 9 Forcefully strike brick structure at work (6) 10 Novel off pile I arranged (4,2,2) 11 Youngster could get rise in benefit? Just the opposite (10) 13297 words
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