The Business Times, 9 October 2015

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 34
1 34 The Business Times
  • 33 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 Friday, October 9,2015
    33 words
  • Article, Illustration
    234 1 China’s economic slowdown is in line with what the International Monetary Fund expects, and markets may be over-reacting to the country’s economic and exchange-rate prospects, says a senior IMF official. TOP STORIES 2 Savills Singapore is building a valuation powerhouse as part of its plans to beef up
    234 words
  • 28 1 MARKETS Thursday Change STI 2,947.03 -14.78 KL COMP 1,692.20 +2.95 NIKKEI 225 18,141.17 -181.81 HANG SENG 22,354.91 -160.85 SHENZHEN B 1,093.94 +43.21 DOW (11.45 EDT) 16,925.25 +12.96
    28 words
  • 843 1  -  ABS to work with MAS to monitor adoption of guidelines; but academic says guidelines too generic, light-weight By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IN 12 to 18 months’ time, banks in Singapore will be expected to disclose policies framing their risk
    843 words
  • 707 1  -  A letter and a T-shirt delivered by a drone in five minutes in a successful 2-km test flight By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore YOUR favourite newspaper The Business Times, of course could one day be delivered to you by
    BT Graphics; Source: SingPost  -  707 words
  • Page 1 Advertisements
    • 109 1 8 "*****1 *****4 HOCK LOCK SIEW Address disclosure lapse in dealing of rights shares COMPANIES MARKETS 8 s RRCRR GENEVE Creator of dreams (dyf/As Self-winding 18K red gold with diamonds Atrina MOP dial, FALCON in gold with engraved MOP feathers Tahitian brown pearl (eye) and a rotating solitaire EXCLUSIVELY AVAILABLE
      109 words
    • 17 1 HDB MARKET Resale deals up, prices dip REAL ESTATE 19 BURGUNDY 2014 Bounty of flavours wine 31
      17 words
    • 8 1 FRINGE FILM FESTS Wide-screen appeal BT LIFESTYLE 34
      8 words

  • TOP STORIES
    • 747 2  -  He acknowledges that China is slowing down, but says the slowdown is within IMF’s expectations By Anthony Rowley btworld@sph.com.sg Lima, Peru CHINA’S economic slowdown has so far been in line with the expectations of the International Monetary Fund (IMF), and markets may
      BLOOMBERG FILE PHOTO  -  747 words
    • 751 2  -  issuances for this quarter is likely to be tepid, amid US rate rise concerns By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE local bond market has had a Goldilocks year so far, not great but not so bad. For the
      Source: Bloomberg  -  751 words
    • 801 2  -  Short-term measure would boost liquidity in system and stem ringgit’s decline By Pauline Ng btworld@sph.com.sg Kuala Lumpur AS a temporary measure to inject more liquidity into the system and stem the decline in the ringgit, a foreign exchange
      801 words
    • 418 4  -  Launch of Crossborder Interbank Payment System marks turning point in internationalisation of yuan By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Industrial and Commercial Bank of China (ICBC) Singapore cleared a yuan transaction on Thursday under China’s long-anticipated international payment
      418 words
    • 686 4  -  Firm believes it will be the No. 1 valuation practice here by next year By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SAVILLS Singapore is building a valuation powerhouse as part of its plans to beef up recurring income streams, with an ambitious
      FILE PHOTO  -  686 words
    • 369 4 AFP Singapore SOUTH Korea’s Lee family, which controls the formidable Samsung conglomerate, topped an inaugural list of Asia’s 50 richest families published on Thursday by Forbes Asia magazine. The family had a net worth of US$26.6 billion as at late September, with second
      AFP  -  369 words
    • 445 6  -  This new system, to be promoted among SMEs, feeds real-time data into a centralised system and promises higher efficiency By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore GOVERNMENT agencies and industry partners are planning to develop a computerised nerve centre that can help companies across
      445 words
    • 371 6  -  Sponsor OCBC wants his words to inspire S’poreans for generations to come By Laura Ng nglaura@sph.com.sg Singapore A THREE-VOLUME set of books, collectively known as LKY on Governance, Management and Life: A Collection of Quotes from Lee Kuan Yew, was launched on Thursday.
      PHOTO: OCBC  -  371 words
    • 748 6 John Cryan also warns of possible 2015 dividend cut REUTERS Frankfurt DEUTSCHE Bank’s new boss John Cryan set about cleaning up Germany’s biggest bank, flagging a record pre-tax loss of six billion euros (S$9.5 billion) for the
      REUTERS; PHOTO: REUTERS  -  748 words
  • Page 2 Advertisements
    • 127 2 Walk-in Wine CELLAR Nothing quite beats a walk-in cellar to showcase your prized collection of wines complete with a climate-controlled system. Leading wine storage space specialist Vintec Cellar introduces Le Cavivision, a versatile walk-in cellar with a storage capacity of up to 600 bottles, and which can be easily assembled
      127 words
    • 11 2 Investors advised to use current China rally to sell, Page 15
      11 words


  • Page 4 Advertisements
    • 131 4 China launches international yuan payment system, Page 15 GOOD CLASS BUNGALOW OF APPROXIMATELY 18,000 SO FT ■M •a v I ,fi UP 4. ‘S m m %<> NiP 3, V ii a (t U mm i" are vPK? I 1 .&r -.rr.•*■’■'' SNjjn n Interested, please call Shawn at Land
      131 words
    • 36 4 U 1 Media Centre, Genting Lane Industrial Office Space For Rent Fully fitted air-con, carpeted industrial/office Area from 1,820 sq ft to 7,653 sq ft Interested, please call Shawn at 9694 5349 Singapore News Publication Limited
      36 words


  • Page 6 Advertisements


  • COMPANIES & MARKETS
    • 478 8  -  It will be the telco’s biggest data centre investment in Singapore; data centre will be its 13th in the Asia-Pacific By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN keeping with its focus on growing its enterprise business, Singapore Telecommunications Limited
      478 words
    • 475 8  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT UNDER current stockmarket disclosure rules, sales and purchases of shares in companies by their substantial shareholders (those who own at least 5 per cent) have to be quickly announced so that
      475 words
    • 168 8 Singapore IN response to media queries, Singapore Press Holdings (SPH) said on Thursday that it does not buy any of its newsprint supplies from the five companies under investigation for links to the forest fires in Indonesia. SPH also said it purchases its
      168 words
    • 731 8  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore STARHUB announced on Thursday that its heterogeneous network (HetNet) in the Marina Bay area served hundreds of thousands of its customers during two recent events. According to the telco, over
      731 words
    • 1034 9  -  The focus on issues faced by directors of large firms fails to take into consideration how SMEs work and their challenges. BY ADAM J EPSTEIN SINGAPORE CORPORATE GOVERNANCE WEEK BY ADAM J EPSTEIN T The writer is the founder of Third
      1,034 words
    • 457 10  -  With US$150m in its kitty, the fund is targeting startups in e-commerce, financial services, health care, education By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE and South-east Asian startups are set for a major venture capital (VC) boost, even as regional venture deals hit a record US$1
      457 words
    • 319 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore COMMODITY trader Noble Group has hired former oil trader Wael Amer to build up its operations in the Middle East and North and East Africa. Mr Amer was formerly the head of oil trading
      319 words
    • 512 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE investors want it all a good retirement life and high returns but they are very risk averse, an investor behaviour survey found. Eastspring Investments, the Asian asset management business of British insurer Prudential plc, said
      512 words
    • 376 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MAINBOARD-LISTED social commerce company YuuZoo says it has secured the rights to organise and co-host the upcoming Electronic Sports China Cup (ESCC) Online Gaming Clubs Invitational in China. Considered one of China’s top e-sports events
      376 words
    • 706 12  -  US corporate reporting season that starts on Thursday is seen to be disappointing STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER gaining 169 points or about 6 per cent between Monday and Wednesday, the Straits Times Index (STI) on Thursday fell 14.78 points to 2,947.03
      Source: Bloomberg  -  706 words
    • 303 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 233 -5 238/233 271 213 6.3 5895.9 CapitaLand 302 -1 306/300 379 267 11.1 3 ***** CapitaMall Trust 197 unch 197.5/196 228 184.5 5.5 6836.7 CityDev 802 -10 811/792 1095 759 9.6
      303 words
    • 34 12 VOLUME StratechGroup 121,466,900 Ezra 73,725,900 Golden Agri-Res 53,079,500 MDR 46,605,000 IHC 45,585,100 Market volume 1,558,707,000 VALUE DBS Grp 188,186,551 Singtel 91,588,584 OCBC Bank 63,578,931 Keppel Corp 58,830,405 UOB 52,677,273 Market value 1,230,622,000
      34 words
    • 107 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 300 520 303/299 355/280 298/300 IS MS INDIA US$ US711 -6 425 718/710 1000/648 710/714 88.9 Nikko AM STI ETF 304 272 305/304 422/283 303/305 7.3 UETF SSE50China 221 -6 76 231/221 340/151 220/230
      107 words
    • 77 12 Oct 8 VALUE CLOSE BT OB/OS 199.00 -29.00 BT CADI -*****.00 -92.00 BT 10-day MA -*****.00 +20.00 FTSE ST Mid Cap 683.42 -3.33 FTSE ST Small Cap 417.13 -1.20 FTSE ST All Share 712.25 -3.50 FTSE ST China Top 175.45 -1.57 FTSE ST China 214.28 -1.96 FTSE
      77 words
    • 34 12 STI FTSE ST All-Share ftse ST All-Share index Oct 8,2015 712.25 -3.50 (-0.49%) Current streak 1 day Day high 719.25 Day low 710.71 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29,2015)
      34 words
    • 33 12 STI MSCI EAFE MSCI EAFE Index Oct 7,2015 1,729.51 +9.78 (+0.57%) Current streak 6 days Day high 1,741.60 Day low 1,720.14 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
      33 words
    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 7 4 0 0 0 1 7 4 Manufacturing 34 50 16 6 11 11 40 61 27 Commerce 15 21 21 4 5 6 19 26 27 Tpt/Stor/Comms 13 17 4
      186 words
    • 121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,578 27,578 93,931 93,931 Manufacturing 155,600 62,281 217,881 122,716 3,325 126,041 Commerce 65,065 56,175 121,240 49,795 2,782 52,577 Tpt/Stor/Comms 177,148 7 177,155 190,863 1 190,864 Finance 29,865 64 29,929 326,329 10 326,339 Construction 10,226 6,391
      121 words
    • 74 12 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 7063 245.5 2.5 9182/6250 DBXT MSKorea US$ 5212 228.5 3.2 6246/4478 DairyFarm USD 670 63.5 7.2 977/593 CIMBASEAN40 US$ 820 42.3 3.8 1069/700 DBXT MSINDIA US$ 999 39.5 2.9 1160/903 BY PERCENTAGE CLOSE UP 52w high/low NOL MB eCW*****3 7.5
      74 words
    • 74 12 BY CENTS CLOSE DOWN 52w high/low Lyxor ChinaH US$ 1434 -163.6 -7.5 2055/1250 GLD US$ ***** -73.4 -0.5 *****/***** JSH USD 2904 -49.4 -1.2 3703/2611 Jardine C&C 3043 -34.0 -1.1 4269.7/2636 JMH USD 5065 -28.2 -0.4 6788/4502 BY PERCENTAGE CLOSE DOWN 52w high/low DBS MB eCW*****1 0.4 -71.4 -1.0
      74 words
    • 82 12 VOL CLOSE($) CHANGE Lorenzo Intl 548.2 0.051 +0.007 +15.91 ChinaSing Inv 55.0 0.006 -0.004 -40.00 Starburst 2,884.5 0.280 +0.040 +16.67 ITE Electric 452.0 0.060 +0.006 +11.11 SinoCloud 20,000.0 0.003 +0.001 +50.00 Asia Fashion 532.4 0.025 +0.008 +47.06 MDR 46,605.0 0.005 +0.001 +25.00 Full Apex 100.0 0.030 -0.002 -6.25
      82 words
    • 409 12  -  Compiled by Cai Haoxiang Singapore telecoms sector Underweight Credit Suisse Research, Oct 8 WE assume coverage of Singapore telecoms sector with an “underweight” rating and three stocks: Singtel (“outperform”, target S$4.25; previously “neutral”, S$4.15), M1 (“underperform”, target S$2.35; from “neutral”, S$3.85) and StarHub (“underperform”, target S$3.10, from S$3.95).
      409 words
    • 11 12 DATA I 3am US Federal Open Market Committee meeting minutes
      11 words
    • FOREX RATES
      • Article, Illustration
        2 13
        2 words
      • 471 13 Oct 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.937 4.562 0.636 5.566 46.755 99.596 0.861 8.327 3.039 1.088 74.980 33.120 1.014 9.686 0.696 23.408 25.844 0.469 0.718 Canada 1.067 4.868
        471 words
      • 2 13
        2 words
      • Article, Illustration
        1 13
        1 words
      • Article, Illustration
        2 13
        2 words
      • 155 13 Oct 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0127 1.0143 0.7179 0.7185 Canadian dollar 1.0808 1.0820 0.7665 0.7662 Euro 1.5927 1.5941 1.1290 1.1292 NZ dollar 0.9312 0.9327 0.6601 0.6607 Sterling pound 2.1615 2.1634 1.5322 1.5325
        155 words
      • 22 13 Oct 8 S$ Bid Offer 1-month 1.4117 1.4129 2-months 1.4129 1.4140 3-months 1.4138 1.4152 6-months 1.4165 1.4182 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 392 13 Oct 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 9855.00 9945.00 9495.00 9580.00 *****6 *****1 Nov15 9850.00 9850.00 9420.00 9480.00 3575 239 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 *****2 *****7 Mar16 *****.00 *****.00 *****.00 *****.00 36 653 MSCI TAIWAN
        392 words
      • 203 13 Oct 8 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 9.9 unch ***** 0.2 780 4 DBS MB eCW*****1 12.2 -0.5 ***** 0.1 1860 4 Rowsley Ltd W*****3 3 unch 9200 1 18 12
        203 words
      • 373 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 7 Index Change Change Change Change Change Change World Preliminary 1250.1 0.1 -2.0 -0.7 2.3 0.2 -3.8 EAFE Preliminary 998.2 0.4 1.2 -0.4 3.7 0.6 -2.6 Europe Preliminary 1399.2 0.0 1.3
        373 words
    • BANK RATES
      • 154 13 Oct 8 $S Offer Bid 0vernight 0.05 0.01 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.05 US$ 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
        154 words
      • 69 13 Oct 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.4 100.42 100.40 5-Year N*****0S 2.000 01-Jul-20 100.59 100.72 100.35 10-Year NX*****Z 2.375 01-Jun-25 98.79 98.80 98.50 15-Year NZ*****F 2.875 01-Sep-30 100.45 100.70 100.00 20-Year NZ*****V 3.375 01-Sep-33 107.31
        69 words
    • AGRI METALS ENERGY
      • 192 13 Oct-7 Price Net change change Last Trade Agricultural Oct-7 CBOT Soybeans (US cents/bu) 891.00 3.00 0.34% 13/11/2015 CBOT Soybean Oil (US cents/lb) 28.42 -0.09 -0.32% 14/10/2015 CBOT Wheat (US cents/bu) 516.75 -9.50 -1.81% 14/12/2015 Oct-7 LIFFE Cocoa (£/tonne) 2107.00 -13.00 -0.61% 14/12/2015 LIFFE Coffee (US$/tonne) 1559.00 -41.00 -2.56%
        192 words
      • 57 13 OCt 8 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2224.0 2271.0 2228.0 2212.0 160 1911 Nov 15 2296.0 2285.0 2296.0 2219.0 5975 ***** Dec 15 2328.0 2319.0 2328.0 2253.0 ***** ***** Jan 16 2355.0 2350.0
        57 words
    • 1921 14 Transaction date: Oct 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 136.5 unch 298 137 135.5 1 8.1 866.3 LOW 183 129.5 ARA
      1,921 words
    • 380 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 13.5 3.9 t Abundance Intl (’000) 1 0.3 t Advanced Systems 0.4 unch 20 0.4 0.4 10.5 Day LOW Div C'vr GrYld Net P/E MCap 35 10 t
      380 words
    • 135 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 112 CIMB APAC Div S$D 120.5cd +2.7 1 120.5 120.5 Sale 1069 700 CIMBASEAN40 US$ US820 +30 2 820 820 128.6 4258 2750 DBXT China50 US$ US3091 +1 2
      135 words
  • Page 8 Advertisements
    • 1121 8 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NIKKO AM SHENTON EIGHT PORTFOLIOS EIGHT PORTFOLIO E NOTICE OF EXTRAORDINARY GENERAL MEETING OF UNITHOLDERS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the holders of units in the Eight Portfolio E (the “Sub-Fund”), a sub-fund of Nikko AM
      1,121 words

  • Page 9 Advertisements
    • 2471 9 DUKANG DISTILLERS HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING S>9X!\ X; Y\<\"k ZX6\S ’Mh’ ’MP #..&hI ZP.P)hI TPP’L.N -O l7V#SZ lX;9XUU\<; Y>UlXSZ; UXTX9\l c’MP :!-0+h.d8b fLII gP MPIQ h’ >RPh. Da UP%PI Ga =h. =hRLjR ;L.Nh+-)Pa B <hOiP( "-&IP%h)Qa Marina Square, Singapore *****5
      2,471 words




  • Page 13 Advertisements
    • 478 13 PLANET EARTH Value per year SGD (unless otherwise stated) Water 104,4 8 8,56 0,000,000 Trees 23,03 6,4 00,000,000 Coral 14,077,8 00,000,000 Fish 3 8 9,628,000,000 Plankton 315,6 84,000,000 Bees 241,74 0,000,000 Vultures 3,719,076,923 Beavers 1,131,912,000 Sea Otters 142,200,000 Plankton removes about six billion tonnes of carbon from the atmosphere each
      478 words

  • Page 14 Advertisements
    • 71 14 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

  • BANKING & FINANCE
    • 759 15 Man who called China’s boom and bust rejects notion targeted stimulus is enough to revive bull market BLOOMBERG Hong Kong VOLATILITY in the world’s wildest stock market is finally receding. If that’s one argument for buying Chinese shares, Bocom International Holdings
      BLOOMBERG  -  759 words
    • 385 15 REUTERS Hong Kong CHINA’S central bank on Thursday launched a global payment system in a major step to facilitate yuan clearing transactions, bolstering Beijing’s quest to internationalise its currency and challenge the primacy of the US dollar in world finance. The cross-border interbank payment
      REUTERS  -  385 words
    • 506 16  -  It concludes re-tender towards late-2015 for the construction of the Long Son petrochemical complex By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore VIETNAM’S US$4 billion integrated Long Son petrochemical complex is expected to progress towards a final investment decision in early 2016 following
      506 words
    • 549 16 BLOOMBERG Rio de Janiero PETROLEO Brasileiro SA sat out an oil licensing round in Brazil for the first time ever as the beleaguered state-run oil giant struggles to reduce the industry’s biggest debt load. The country’s National Petroleum Agency
      BLOOMBERG; PHOTO: REUTERS  -  549 words
  • Page 15 Advertisements

  • Page 16 Advertisements
    • 3452 16 ISOTEAM LTD. (Incorporated in the Republic of Singapore on 12 December 2012) (Registration Number *****0294M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ISOTEAM LTD. (the “Company”) will be held at Empress Ballroom 2, Level 2, Carlton Hotel, 76 Bras Basah Road, Singapore
      3,452 words

  • TECHNOLOGY
  • Page 17 Advertisements
    • 1895 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FUKU INVESTMENT HOLDINGS PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****3596M At an Extraordinary General Meeting ofthe Company duly convened and held at Room 16-05, 16th Floor Capital Tower, 168 Robinson Road, Singapore
      1,895 words

  • CONSUMER
    • 937 18 These diamonds help it make machines to distinguish synthetic stones from real gems BLOOMBERG London SCIENTISTS at De Beers can make near-flawless diamonds in a lab, but they will never sell you one. The 127-year-old mining company’s Element Six unit, named for
      BLOOMBERG; PHOTO: BLOOMBERG  -  937 words
    • 873 18 NYT New York AMAZON stepped into the handcraft-ed-goods ring on Thursday, opening an arts-and-crafts bazaar online that squarely takes aim at a niche but growing market dominated by the Brooklyn-based Etsy. The new marketplace, called Handmade at Amazon, went live at 3
      NYT  -  873 words
  • Page 18 Advertisements

  • REAL ESTATE
    • 512 19  -  CapitaLand unit bent on expanding ops beyond capital cities to other growth areas in SE Asia By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Ascott Limited has made its foray into Cebu in the Philippines and Pattaya in Thailand by securing five new
      512 words
    • 156 19 REUTERS Tokyo NORWAY’S Norges Bank Investment Management, the manager of the world’s largest sovereign wealth fund, will target Tokyo’s prime office buildings as it starts investing in Japan, said Karsten Kallevig, the fund’s chief investment officer for real estate. The fund,
      REUTERS  -  156 words
    • 501 19  -  SRX Property data shows resale transactions rise 3.9%, while prices slip 0.4% in September By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore As HDB resale prices fell in September, it also drew more buyers back into the secondary market. SRX Property data released on Thursday
      501 words
    • 777 20  -  Guide price understood to be S$335 million, valuing the entire property at S$1,850 psf on net lettable area By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AN open-ended global fund managed by Commerz Real of Germany is said to be
      777 words
    • 357 20 REUTERS New York LEASING activity in the third quarter for office space in Manhattan dipped below a 10-year rolling average for the first time since 2013, a crack in an otherwise robust commercial real estate market, Colliers International Group Inc said on Wednesday.
      REUTERS  -  357 words
    • 200 20 BLOOMBERG London HOUSING market activity in the UK picked up in September as improving access to mortgage finance fuelled demand, according to the Royal Institution of Chartered Surveyors. A measure of agreed sales rose to 14, the highest since May 2014, from two
      BLOOMBERG  -  200 words
    • 143 20 REUTERS Hong Kong HONG KONG’s home prices rose for a fifth consecutive month to hit a record high in August, official data showed, overcoming concerns an expected interest rate hike in the US may dampen demand in one of the world’s most expensive
      REUTERS  -  143 words
  • Page 19 Advertisements
    • 219 19 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 BuildTech Asia 2015 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2015 TOWARDS SMART BUILDING CONSTRUCTION
      219 words

  • Page 20 Advertisements
    • 410 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TLMES CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE OCEAN DRIVE Exclusive! Ocean Drive Modern Design 2½ storey. Nice 5+1 rm 7,900 sqft land 5,800 sqft build in. Asking $19M neg. More units. Call Patrick Lu 8363
      410 words
    • 135 20 D11 HOUSE FOR SALE Simon Chia 8488 0086 ASIMONT VILLA FH Cluster 3-sty basement. Strata Terrace. 4 bdrm Villas. Near Barker area/ GCE Enclave. Next to ACS. 12min Newton MRT. 2pte carpark lots. www.simoin.chia@stproperty.com.sg D11 HOUSE FOR SALE JALAN TEMPUA Semi-d/ Beautifully reno/ FH/ 2.5sty/ 8 bdrms, 7 toilets/ Move
      135 words

  • Page 21 Advertisements
    • 302 21 D11 HOUSE FOR SALE WATTEN ESTATE Lovely retro home on 3,260sqft land area, near Hwa Chong/ RGPS/ NanYang Pri/ MRT. Connie 8666 3332 D15 HOUSE FOR SALE BRANKSOME ROAD Brand New Luxurious Bungalow. 5100/10,600sqft. 7+1 ensuite with Lift. 25m lap-pool. Roof-top garden. Park 6 cars. Call Adam 9109 4389 D16
      302 words
    • 331 21 D09 APARTMENT FOR SALE URBAN SUITES Cheap!!! Urban Suites. Freehold. 3bedrooms. 1550sqft. Very high floor. Quiet facing. Unblocked view! Minutes to Somerset MRT. Good location! Serious seller! See to believe! Hurry! D11 APARTMENT FOR SALE 6 DERBYSHIRE Freehold, The Luxury Edition. 1/2/3 bedrooms, 1km to ACS SJI Primary. 5 mins
      331 words
    • 676 21 D10 HOUSE FOR RENT DUCHESS ROAD 83 Duchess Road. Ramp access. 4200sf land/ 4600sf built up. Rebuilt. 7 rms ensuite. Airy. MRT Dec 2015. Amenities. $15K neg. 9752 6884 D11 HOUSE FOR RENT 16A BARKER RD Prime Chancery area. 2800/ 5100 sf. Newly, rebuilt, beautiful design. 5 1+ family pool.
      676 words

  • VEHICLES & LIFESTYLE
    • 873 22  -  By Mary Schneider THE STAR/ASIA NEWS NETWORK I suspect human beings have evolved since the advent of the smartphone, which is quite amazing when you consider the short period of time involved. And no, I haven’t been reading the results of someone’s spurious research. I’ve
      THE STAR/ASIA NEWS NETWORK  -  873 words
    • 2133 27 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR DEL SOL 030 40 122 26/10 27/10 30/10 PRECIOUS CORAL 001 60 29/10 1/11 4/11 6/11
      2,133 words
  • Page 22 Advertisements
    • 84 22 The Business times Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED BUY IT SELL IT FIND IT LEXUS FOR SALE LEXUS SC430 4/’09 SC430 New road tax. Hardtop Convertible ***** km. OMV $64k. Mint cond 2 owners $99.8k. Call Owner *****024 TOYOTA FOR SALE ALTIS $624 x 54 months.
      84 words
    • 60 22 TOYOTA FOR SALE VELLFIRE New Vellfire ZG. Low downpayment/ monthly $1008/ interest 1.99%. Immed COE. High trade-in. Call 6848 4844 The New GLA180 Warranty 3 Years with Unlimited Mileage Depreciation at $13,600 yearly OTR: $148,800* Ready Stock Colour Available: Black, Grey, Silver, White, Red Automotive Direct Tel: 6884 4711 81
      60 words
    • 40 22 DOMESTIC HELPER LE SCARLETT Sri Lankan/Indian maids. Bio data available Employment maid agency 09C2857.Call *****658 DOMESTIC HELP MAID SERVICES Chaindra Maid Agency S’pore Prestige Class Award-Winner 2015 Asia Pacific Brands Award. Nepalese, Indian, Sri Lankan, Kerala, Hindi. Tel: *****172 (08C3412)
      40 words
    • 84 22 GARDEN NEEDS TRECO GARDEN STORAGE SHEDS The Answer to your storage problems. In colorbond light green in Zincalume (Silver) steel panels. 6’x3’, 6’x5’, 8’x5’,8’x7’,10’x7 ,10’x’13,10x’19 x 6’6’’ hgt. Fun’s Florist Nursery 551 Thomson /Andrew Rd. Call *****023 ITEMS WANTED Highest offer for Old/ New Liquor wanted Martel/ XO/ Hennessy etc/
      84 words

  • Page 23 Advertisements
    • 165 23 m. 'artiest Teochew Poit Ip Huay Kuan on the occasion of its 86th Anniversary Celebration The Conferment of r Justice of Peace, JP Mr Chia Chor Meng, bbm Vice President Teochew Poit Ip Huay Kuan <2 i The Public Service Medal, PBM Mr Peter Lim Vice President Teochew Poit Ip
      165 words

  • GOVERNMENT & ECONOMY
    • 824 24 Exports from Germany weakened 5% in August; economists trim growth forecasts for 2015 BLOOMBERG REUTERS Frankfurt GERMAN exports slumped the most since the height of the 2009 recession in a sign that Europe’s largest economy is feeling the
      BLOOMBERG; REUTERS  -  824 words
    • 439 24 BLOOMBERG Canberra THE populations of Sydney and Melbourne are set to almost double by 2060, Australia’s new Cities Minister Jamie Briggs said, sounding a warning that ailing infrastructure and surging house prices must be tackled to ensure they remain liveable. “For a
      BLOOMBERG  -  439 words
    • 722 24 BLOOMBERG Zurich DOWNBEAT expectations about longterm growth prospects are weighing on the euro-area recovery, European Central Bank (ECB) Executive Board member Peter Praet said. “The economic environment is characterised by seeping pessimism about long-term growth,” he said on Thursday in Mannheim, Germany. While
      BLOOMBERG  -  722 words
    • 736 24 BLOOMBERG London BANK of England policymakers said the UK economy is withstanding international pressures, while also signalling they have room to keep the benchmark rate at a record low as inflation weakness persists. In the minutes of its October meeting,
      BLOOMBERG; PHOTO: REUTERS  -  736 words
    • 420 24 REUTERS Kuala Lumpur THE Malaysian attorney-general’s office said on Thursday that it had reviewed the report of a central bank investigation into troubled state fund 1MDB and decided that fund officials had not committed any offence. The statement comes in response to
      REUTERS  -  420 words

  • Page 25 Advertisements
    • 1395 25 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of TEHO INTERNATIONAL INC LTD. (the “Company”) will be
      1,395 words

  • Page 26 Advertisements
    • 2174 26 GRP LIMITED (Company Registration Number: *****1449C) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Resolution 2 Resolution 3 Resolution 4 NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of GRP Limited will be held at Albizia Room, Level 2 of Jurong Country Club, 9 Science Centre
      2,174 words
    • 2609 26 LONGGHEER Temmm (Incorporated in Bermuda) (Company Registration Number *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of LONGGHEER HOLDINGS LIMITED (the "Company”) will be held at Anson IV, Level 2, M Hotel, 81 Anson Road, Singapore *****8, on Monday, 26 October 2015 at
      2,609 words

  • Page 27 Advertisements
    • 96 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the Business Times SHIPPING TIMES Make A Splash In The Maritime World Via sj5ivSnaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a sea
      96 words

  • OPINION
    • 544 28 GOVERNMENTS around the world are taking cyber security very seriously, given the nature of the threat and the potential harm that can come from a security breach. Singapore is no exception in this regard with its spending on cyber security
      544 words
    • 823 28  -  THE BOTTOM LINE By John Gee T John Gee is a freelance writer THIS year’s haze problem has provoked more anger and frustration than any previous episode in the areas that it has afflicted. The public knows that a relatively small number of individuals
      823 words
    • 1216 28  -  The priority must be to “get the basics right” on the economy.BY economy.BY RAZEEN SALLY T The writer is an associate professor at the Lee Kuan Yew School of Public Policy, NUS SRI Lanka is at a turning point. Until late last year, Sri Lanka
      PHOTO: REUTERS  -  1,216 words
    • 932 29  -  COMMENTARY By Dalia Marin T The writer is Chair of International Economics at the University of Munich and a senior research fellow at Breugel, the Brussels-based economic think tank. Munich THE Volkswagen scandal has raised questions about the German model of production. If the success of
      932 words
    • 649 29  -  COMMENTARY By David Smith T The writer is an advisory board member of the Official Monetary and Financial Institutions Forum (OMFIF). He represented the United Nations in the Americas in 2004-14. OMFIF Buenos Aires THIS weekend the world’s finance ministers and central
      OMFIF  -  649 words
    • 174 29  -  LETTER TO THE EDITOR Denis Distant Singapore IT was pathetic watching Channel NewsAsia TV news showing workers at a large store scrambling to clear stacks of paper products like tissue paper, kitchen and toilet rolls and the like off shelves as if
      174 words
    • 1274 29  - Putin’s dramatic Syria move raises Russian profile with risks Domestic support and military success are not guaranteed.BY guaranteed.BY THOMAS GRAHAM T The writer is a senior fellow at the Jackson institute for Global Affairs. He was senior director for Russia on the US National Security Council staff in 2004-2007 New
      PHOTO: AFP  -  1,274 words



  • Page 31 Miscellaneous
    • 331 31 CRYPTIC CROSSWORD Across 1 Opinion shifting in spite of vow to ignore son (5,2,4) 9 Confront first of teenagers with evidence of debts, being sarcastic? (9) 10 Navigators without one must make plans (5) 11 Slight change until accepting source of sickness (6) 12 Top place in Wales (8) 13
      331 words



  • BT Lifestyle
    • 1752 34  -  Local moviegoers have more than just the usual Hollywood blockbusters to look forward to these days when deciding what to watch. Passionate cinephiles and even students are organising fringe film festivals to widen the selection and promote an alternative brand of cinema that would never have made it
      PHOTOS: SCUMSCOPE, 20TH CENTURY FOX; PHOTOS: SYFY; PHOTO: PERSPECTIVES FILM FESTIVAL  -  1,752 words
    • CITY LIFE
      • 942 30  -  Club 39 is an elite club where membership is hinged on how quirky, funky and friendly its members can be. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg THERE are plenty of places in Singapore that are difficult to get into the exclusive JetQuay CIP Terminal where VIPs aren’t
        PHOTOS: CLUB 39  -  942 words
      • CITY BUZZ BT writers' picks of what to see, do or talk about
        • 238 30  -  DRINKS By Tay Suan Chiang IF you haven’t been to The Rabbit Hole recently, now is a good time for a return visit. The bar has relaunched itself as Singapore’s first speciality gin garden bar, especially since gin’s strongly botanical character and colonial history is the perfect
          238 words
        • 200 30  -  DINING By Rachel Loi THERE’S new blood in the kitchen of the Spanish tapas restaurant Esquina Barcelona-born executive chef Carlos Montobbio. He has worked at Michelin-starred restaurants in Spain, including el Celler de Can Roca (3 stars), and Zuberoa (2 stars). In Singapore, he was previously the
          200 words
        • 348 30  -  WINE FESTIVALS Wine Discovery Weekend 2015 and wine Fiesta 2015 By Tay Suan Chiang WINE lovers, prepare to get socially lubricated over the next two weekends. On Oct 17 18, online wine retailer, ewineasia.com, will be hosting its second Wine Discovery Weekend. And from Oct 22
          PHOTO: EWINEASIA.COM  -  348 words
        • 213 30  -  DINING By Dylan Tan LUXE Singapore, the local outpost of the famed Luxe Sydney cafe, has launched its revamped brunch menu. Even if you’re a late riser, there is now no more excuse to skip the most important meal of the day as its breakfast items are
          213 words
        • 220 30  - The 7th Love Pride Film Festival FILM By Dylan Tan THE Love Pride Film Festival returns on Friday for its seventh edition. Organised by cinema exhibitor Golden Village and held at its multiplexes, it’s become a signature annual event that celebrates the theme of universal love through movies. The opening
          PHOTO: 7TH LOVE AND PRIDE FILM FESTIVAL  -  220 words
    • WINE/ARTS
      • 676 31 AFP Minsk BELARUSSIAN author Svetlana Alexievich, who won the Nobel Prize for Literature on Thursday, has drawn international acclaim with her emotional accounts of the Chernobyl disaster and World War II based on witness accounts. Chronicling such horrors in the
        AFP; PHOTOS: AFP, REUTERS  -  676 words
      • 1145 31  -  A very impressive set of Grands Crus, with good, ripe fruit, good balance and freshness. BY NK YONG WINE freshness.BY NK YONG I HAVE just returned from a second visit to Europe Beaune, Bordeaux, Italy and Spain. From end-August through to the end of
        PHOTO: NK YONG  -  1,145 words
    • ARTS
      • 952 32  -  By Cheah Ui-Hoon uihoon@sph.com.sg AFTER more than two decades of selling art, gallerist Valentine Willie, 61, has embarked on a passion project. It still has to do with art but not in the kind of wheeling and dealing that he did through his gallery, Valentine
        PHOTOS: VALENTINE WILLIE  -  952 words
      • 1116 32  -  Serial collector Edmond Chin donates his collection to the Asian Civilisations Museum.BY Museum.BY CHEAH UI-HOON uihoon@sph.com.sg FROM matchboxes, collector Edmond Chin has moved on to bigger things. Literally. Now, he’s donating his Buddhist art and Southern Chinese artefacts to the Asian Civilisations Museum. The Hong
        PHOTOS: ASIAN CIVILISATIONS MUSEUM  -  1,116 words
      • Article, Illustration
        583 32  -  By Cheah Ui-Hoon uihoon@sph.com.sg AT 95 years of age, Lim Tze Peng is the last of his generation the artists who captured on canvas images of Chinatown and the Singapore River in their original forms. In the later part of his career, Lim turned to abstract calligraphy both
        PHOTOS: ODE TO ART GALLERY  -  583 words
    • MUSIC/CINEMA
      • 828 33  -  S’pore’s Jeremy Monteiro and HK’s Eugene Pao launch To Paris With Love –a homage to the sights, sounds and energy of Paris. BY DYLAN TAN BY DYLAN TAN THEY don’t call Paris the City of Light and Love for nothing. It’s enough to even
        PHOTOS: JEREMY MONTEIRO  -  828 words
      • 614 33  -  CINEMA By Geoffrey Eu GANGSTA rap, the no-apologies sub-genre of hip-hop music that defined LA street gangs, defied authority and spawned a sub-culture adopted by disenfranchised inner-city youths in the late-1980s, goes legit and gets the Hollywood treatment in Straight Outta Compton, an origins
        PHOTO: WARNER BROS  -  614 words
      • 595 33  -  By Geoffrey Eu JUST like old soldiers, Peter Pan never dies. And he doesn’t fade away either not with a steady procession of Hollywood movies to keep him going. The never-ending story indeed. Despite a clutch of films about JM Barrie’s most famous
        PHOTOS: WARNER BROS  -  595 words
  • Page 34 Advertisements