The Business Times, 16 October 2015

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

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 Friday. October 16. 2015
    34 words
  • Article, Illustration
    220 1 Normanton Park condominium will be put up for collective sale next Thursday after the requisite 80 per cent majority consent was secured from the owners. TOP STORIES 2 Asia Pulp Paper and its parent, Sinar Mas, are on a mission to tell anyone who will listen that they
    220 words
  • 828 1  -  Acquisition of 96.3% stake in TradeGlobal Holdings comes just days after announcement that it is buying logistics enabler Jagged Peak By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE Post (SingPost) announced on Thursday its acquisition of a 96.3 per cent stake in leading
    828 words
  • 887 1  -  Sept figures are lowest in 2015; developers hold back launches while buyers stay on sidelines By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MACROECONOMIC volatility rocked Singapore’s property market in September, when property developers sold only 341 private homes the lowest figure so far for
    Source: URA  -  887 words
  • 28 1 MARKETS Thursday Change STI 3,015.14 +31.22 KL COMP 1,713.25 +2.11 NIKKEI 225 18,096.90 +205.90 HANG SENG 22,888.17 +448.26 SHENZHEN B 1,142.47 +19.12 DOW (11.45am EDT) 16,974.13 +49.38
    28 words
  • Page 1 Advertisements
    • 63 1 8 "*****1 *****4 NYC ARTS GUIDE Highlights of arts scene in New York this fall BT LIFESTYLE 27 4L iL SPECTRE 007^ IN CINEMAS o OMEGA AVAILABLE AT: Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City 6338 3676 Resorts World Sentosa 6723 8004 SPECTRE 2015 Danjaq, MGM,
      63 words
    • 28 1 PRIME OFFICE Rents to fall 3% in next 3 years real estate /19 COE Quota shrinks slightly for next quarter TOP STORIES 4 Hock Lock Siew, Page 8
      28 words
    • 11 1 NEWLY CREATED POST Regina Lim to join JLL REAL ESTATE 20
      11 words

  • TOP STORIES
    • 650 2  -  But consultants note that investment quantum, size of site are too large for developers’ current appetite By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NORMANTON Park condominium, located near Kent Ridge Park, will be put up for collective sale next Thursday after the requisite 80 per
      650 words
    • 417 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Monetary Authority of Singapore (MAS) will work with several other banks and insurers on plans to establish and expand their data analytics and innovation teams in Singapore, said its managing director Ravi Menon on
      417 words
    • 555 2  -  Other longer-dated bonds also rally as market increasingly bets against rate hike by Fed this year By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE price of Land Transport Authority’s (LTA) 15-year 3.51 per cent bonds has risen sharply; it has jumped
      Source: Bloomberg  -  555 words
    • 562 4  -  Car buyers waiting for the premiums to soften will be disappointed, but deregistrations are expected to pick up By Samuel Ee samuelee@sph.com.sg Singapore AFTER four successive increases in certificates of entitlement (COE) premiums, the upcoming quota will be 0.9 per cent smaller as
      562 words
    • 485 4  -  If the 43.9% jump in car sales is excluded, retail sales would have risen by just 1.3% By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore ONCE again, a huge surge in motor vehicle sales lifted Singapore’s retail sales in August, far
      485 words
    • 502 4  -  By Angela Tan angelat@sph.com.sg Singapore SINGAPORE’S Land Transport Authority (LTA) and transport operator SMRT will install breakers to delink the electrical connections between the city-state’s two major rail lines, the North-South Line (NSL) and East-West Line (EWL), to avoid simultaneous
      502 words
    • 576 4  -  By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore INVESTMENT returns of family offices in Asia-Pacific outstripped their counterparts in North America and the emerging markets, thanks to a hefty allocation to private equity. Drawing on interviews with 224 family offices globally, The Global Family Office Report 2015, published
      576 words
    • Article, Illustration
      259 6  -  BT Infographics haze.BY KENNETH LIM Asia Pulp and Paper’s (APP) size, jurisdictional proximity and connection to the recent forest fires have made it a key target of Singapore as the nation seeks to smoke out the parties responsible for the 2015 haze.BY KENNETH LIM APP has said that
      Sources: Asia Pulp & Paper, Global Forest Watch, Bloomberg, ShareInvestor.com BTGraphics: Kenneth Lim, Gladys Lam & Simon Ang  -  259 words
    • 826 6  -  APP says a comprehensive solution involving all stakeholders is needed to solve the crisis By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore ASIA Pulp Paper (APP) and its parent company, Sinar Mas, are on a mission
      826 words
    • 406 6 STRAITS TIMES ONLINE Singapore FROM 2016, civil servants will be able to take one day of volunteer leave per year to volunteer at any institution of public character of their choice. The move is meant
      STRAITS TIMES ONLINE  -  406 words
    • 346 6 But cheaper fuel causes total costs to drop the most since January LATEST US DATA BLOOMBERG Washington CONSUMER prices in the US excluding food and fuel rose more than forecast in September, propelled by rising rents. Plunging energy expenses caused total costs to
      BLOOMBERG  -  346 words
  • Page 2 Advertisements
    • 227 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
      227 words
    • 24 2 Sibos 2015 conference: More reports, Page 8 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
      24 words
    • 17 2 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
      17 words


  • Page 4 Advertisements
    • 45 4 GOOD CLASS BUNGALOW OF APPROXIMATELY 18,000 SO FT M Kuggf s P v: J r ■:.t •s fc-T 'V M 4U> •J,' H =y n T Interested, please call Shawn at Modern design with high ceiling and in-ground pool 9694 5349 Times Properties Pte Ltd
      45 words
    • 229 4 _Weathering Storms as Lim Leong Seng's 8th Solo Exhibition Weathering Storms as One is a sculptural exhibition featuring the well-known Singaporean sculpture artist Lim Leong Seng. Lim Leong Seng is an important Singaporean sculpture artist with a creative journey spanning fifty years. As the first and only Singaporean artist to
      229 words




  • COMPANIES & MARKETS
    • 724 8  - SingPost an Asian case study of corporate reinvention HOCK LOCK SIEW BY VEN SREENIVASAN ven@sph.com.sg @VenSreeBT THE US$169 million acquisition of 96.3 per cent of US e-commerce provider TradeGlobal by Singapore Post (SingPost) marks yet another move by an “old-economy” company to stay relevant and build itself a “new-econo-my” platform.
      724 words
    • 517 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore HAVING hedges in place paid off in the third quarter for data centre owner Keppel DC Reit, whose trust manager also got a jump in performance fees after completing the purchase of
      517 words
    • 201 8  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore YARD group Vard Holdings on Thursday issued a profit warning ahead of the release of its third-quar-ter financial results on Nov 11. It cited operational challenges faced in Brazil. Vard warned that its results for the
      201 words
    • 622 8  -  SIBOS 2015 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE full integration of Asean as an economic bloc would take time, even as the region is expected to drive growth over the long term, said top executives of two Singapore
      622 words
    • 272 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore RUMOURS of my death have been greatly exaggerated so goes the quote by Mark Twain, garbled as it may have been over the years. Banks, in responding to the onslaught of fintechs, have leaned in with the same
      272 words
    • 697 10  -  Local index leaps 31.2 points or 1.1 per cent, thanks to the three banks, Singtel and Keppel Corp STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT BLUE chips again dominated trading on Thursday during a session in which the Straits Times Index (STI)
      Source: Bloomberg  -  697 words
    • 304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 +1 244/241 271 213 6 6149 CapitaLand 308 +4 309/304 379 267 11.3 2.9 *****.5 CapitaMall Trust 202 +2 202/199.5 228 184.5 5.4 7010.2 CityDev 823 +9 827/811 1095 759 9.9
      304 words
    • 35 10 VOLUME Rex Intl 106,461,800 Yuuzoo 57,496,100 Noble 56,171,800 Geo Energy Res 53,350,400 Ezra 51,868,900 Market volume 1,697,964,000 VALUE UOB 146,366,433 OCBC Bank 96,975,119 Singtel 89,699,440 DBS Grp 83,455,976 CapitaLand 42,976,392 Market value 1,102,910,000
      35 words
    • 108 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 304 +2 275 305/303 355/280 304/305 Lyxor Asia US$ US460 -2 121 465/459 557/419 460/463 67.2 DBXT MSBrazil US$ US258 -13 48 258/253 482/226 258/259 GLD US$ US***** +93 44 *****/***** *****/***** *****/***** 58.8
      108 words
    • 77 10 Oct 15 VALUE CLOSE BT OB/OS 678.00 +88.00 BT CADI -*****.00 +140.00 BT 10-day MA -*****.00 +68.00 FTSE ST Mid Cap 697.67 +3.59 FTSE ST Small Cap 422.92 +3.33 FTSE ST All Share 727.32 +7.45 FTSE ST China Top 177.56 +1.44 FTSE ST China 217.73 +1.39 FTSE
      77 words
    • 34 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 15,2015 727.32 +7.45 (+1.03%) Current streak 1 day Day high 727.65 Day low 721.46 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29,2015)
      34 words
    • 33 10 STI MSCI EAFE MSCI EAFE index Oct 14,2015 1,731.71 -9.73 (-0.56%) Current streak 3 days Day high 1,742.09 Day low 1,725.18 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
      33 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 0 0 0 7 3 4 Manufacturing 58 23 29 12 7 10 70 30 39 Commerce 19 18 14 6 1 4 25 19 18 Tpt/Stor/Comms 24 5 7
      186 words
    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,045 14,045 52,761 52,761 Manufacturing 235,566 90,033 325,599 103,783 5,391 109,173 Commerce 100,106 37,125 137,231 59,748 1,871 61,620 Tpt/Stor/Comms 153,295 543 153,838 175,590 42 175,632 Finance 44,318 150 44,468 352,175 21 352,196 Construction 38,310 12,561
      121 words
    • 74 10 BY CENTS CLOSE UP 52w high/low JMH USD 5370 220.4 3.1 6788/4502 DBXT MSKorea US$ 5411 177.7 2.4 6246/4478 DBXT iBoxxIDR US$ 939 130.9 11.3 1053/844 JSH USD 3016 130.9 3.3 3703/2611 GLD US$ ***** 128.1 0.8 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Elektromotw*****5 0.2 100.0 0.1 0.2/0.1
      74 words
    • 71 10 BY CENTS CLOSE DOWN 52w high/low DairyFarm USD 635 -26.2 -2.9 977/593 DBXT MSBrazil US$ 258 -17.9 -4.8 482/226 Yeo Hiap Seng 126 -10.0 -7.4 197/120 Great Eastern 2071 -9.0 -0.4 2600/1870 PterisGlobal 51.5 -7.5 -12.7 72.5/50 BY PERCENTAGE CLOSE DOWN 52w high/low LH 0.2 -50.0 -0.2 0.8/0.2 New
      71 words
    • 79 10 VOL CLOSE($) CHANGE E2-Capital 6,712.2 0.087 +0.017 +24.29 Starland 7,491.9 0.220 +0.032 +17.02 GRP 6,488.3 0.085 +0.009 +11.84 Rex Intl 106,461.8 0.137 +0.022 +19.13 Viking Offshore 3,762.2 0.060 +0.005 +9.09 Transit Concrete 10.0 0.550 +0.040 +7.84 AusGroup 22,315.8 0.144 +0.022 +18.03 Attilan 41,826.3 0.010 +0.001 +11.11 Abundance Intl
      79 words
    • 494 10  -  Compiled by Andrea Soh Offshore and Marine Neutral CIMB Research, Oct 15 Vard Holdings (Reduce, target price: S$0.35) has issued a profit warning for its earnings for Q3 2015, which will be released on Nov 11, and FY15. Vard’s Brazilian operations have been struggling, especially Vard Promar which
      494 words
    • 467 11 CURRENCIES REUTERS London THE dollar repelled an attack by the euro on US$ 1.15 on Thursday, helped by comments by European Central Bank policymaker Ewald Nowotny, who said it was “obvious” the bank must search for more ways to stimulate the euro zone
      REUTERS  -  467 words
    • FOREX RATES
      • Article, Illustration
        2 11
        2 words
      • 471 11 OCt 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.947 4.659 0.642 5.689 47.559 98.626 0.869 8.276 3.040 1.068 76.600 33.662 1.011 9.659 0.697 23.594 25.855 0.475 0.734 Canada 1.056 4.920
        471 words
      • 2 11
        2 words
      • Article, Illustration
        2 11
        2 words
      • 155 11 OCt 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0110 1.0117 0.7339 0.7343 Canadian dollar 1.0679 1.0686 0.7756 0.7752 Euro 1.5762 1.5768 1.1442 1.1444 NZ dollar 0.9464 0.9472 0.6870 0.6875 Sterling pound 2.1302 2.1312 1.5463 1.5468
        155 words
      • 22 11 Oct 15 S$ Bid Offer 1-month 1.3779 1.3784 2-months 1.3786 1.3790 3-months 1.3794 1.3800 6-months 1.3817 1.3823 Source: OCBC
        22 words
      • Article, Illustration
        1 11
        1 words
    • EQUITY BONDS WARRANTS FUTURES
      • 204 11 Most active Oct 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 12.7 1.7 ***** 0.1 1860 4 Rowsley Ltd W*****3 2.9 0.2 9929 1 18 12 OCBC Bk MB eCW*****6 12.7 7040 0.2 995 6
        204 words
      • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 14 Index Change Change Change Change Change Change World Preliminary 1252.5 -0.6 -1.8 -1.5 1.1 -0.4 -3.2 EAFE Preliminary 988.0 -1.2 0.1 -1.7 1.9 -0.6 -2.4 Europe Preliminary 1384.2 -1.0 0.2
        373 words
      • 398 11 Oct 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 9707.50 *****.50 9705.00 *****.00 *****6 *****6 Nov15 9667.50 *****.00 9667.50 9967.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar16 *****.00 *****.00 *****.00 *****.00 11 722 MSCI TAIWAN
        398 words
    • BANK RATES
      • 154 11 Oct 15 $S Offer Bid 0vernight 0.05 0.03 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.03 US$ 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
      • 67 11 Oct 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.75 100.83 100.78 5-Year N*****0S 2.000 01-Jul-20 101.39 101.40 101.20 10-Year NX*****Z 2.375 01-Jun-25 100.18 100.15 99.80 15-Year NZ*****F 2.875 01-Sep-30 102.67 102.40 102.10 20-Year NZ*****V 3.375 01-Sep-33 109.82
        67 words
    • AGRI METALS ENERGY
      • 192 11 Oct-14 Price Net change change Last Trade Agricultural Oct-14 CBOT Soybeans (US cents/bu) 910.50 -3.50 -0.38% 13/11/2015 CBOT Soybean Oil (US cents/lb) 28.77 0.17 0.59% 14/10/2015 CBOT Wheat (US cents/bu) 508.25 -10.75 -2.07% 14/12/2015 Oct-14 LIFFE Cocoa (£/tonne) 2108.00 -33.00 -1.54% 14/12/2015 LIFFE Coffee (US$/tonne) 1631.00 21.00 1.30%
        192 words
      • 53 11 OCt 15 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2269.0 1068 Nov 15 2260.0 2283.0 2276.0 2234.0 715 9199 Dec 15 2303.0 2320.0 2317.0 2269.0 ***** ***** Jan 16 2330.0 2348.0 2349.0 2302.0 7916 *****
        53 words
    • 452 12  -  It revises some of the terms of the agreement to buy Taiwan medical aesthetic group By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE-LISTED steel trading company Albedo, which is in the midst of acquiring Taiwanese medical aesthetic group China iMyth Company, plans to
      452 words
    • 315 12  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A HOMEGROWN serviced office provider’s recent expansion in Singapore and plans to do so in China have attracted additional investment from European and Singaporean asset management firms. JustGroup recently launched JustCo, billed as Singapore’s largest co-working space with
      PHOTO: JUSTGROUP  -  315 words
    • 290 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE manager of CapitaLand Mall Trust (CMT) announced on Thursday that CMT has agreed to sell its property, Rivervale Mall, to a private equity fund managed by AEW Asia for S$190.5 million. Located in Sengkang New Town,
      290 words
    • CORPORATE DIGEST
      • 97 12 IHH Healthcare’s wholly owned subsidiary, M&P Investments, and its local Chinese partner, Shanghai Broad Ocean Investments Co, have entered into a lease agreement with Perennial Real Estate Holdings. Under the accord, M&P and Shanghai Broad Ocean will lease a space of at least 48,000 square metres at Perennial
        97 words
      • 55 12 TTJ Holdings has secured structural steelwork contracts worth a total of S$31 million for a series of projects in Singapore. The new orders follow on the heels of its announcement of S$16 million worth of new projects last month, pointing to the group’s order book to S$130 million
        55 words
      • 56 12 SINGAPORE Technologies Engineering announced that its electronics arm, Singapore Technologies Electronics, has secured about S$370 million worth of contracts in the third quarter of 2015. These comprise S$52 million contracts for rail electronics intelligent transportation, S$74 million for its satellite broadband communications, and S$244 million for its
        56 words
    • 1968 13 Transaction date: Oct 15 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit LOW Company 183 129.5 ARA Asset Mgmt 140 unch 1000 143 139
      1,968 words
    • 388 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 13.5 3.9 t Abundance Intl (’000) High Day LOW Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10 29.5 18 t CNMC Goldmine 21.5 unch 100
      388 words
    • 144 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 112 CIMB APAC Div S$D 116xd -4.2 0 116 116 Sale 1069 700 CIMBASEAN40 US$ US852 +23 0 852 852 133.6 4258 2750 DBXT China50 US$ US3173 +56 13
      144 words
  • Page 8 Advertisements
    • 137 8 I *4. Enjoy the exclusivity at Pan Pacific Orchard, Singapore Step into a world of exclusivity, privileges and personalised services. Specially for guests who seek heightened level of comfort, the Pacific Club Experience includes exclusive access to the Pacific Club Lounge with privileges such as all-day refreshments, evening cocktails and
      137 words




  • Page 12 Advertisements
    • 865 12 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act. SCATOLA FINANCE LTD. (In Voluntary Liquidation) Company No. *****0 NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004
      865 words
    • 925 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SINGAPORE LIFEBOAT SERVICES PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****6242G) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 06
      925 words
    • 1018 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MERRICK SYSTEMS SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO.REG. NO. *****4349M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of MERRICK SYSTEMS SINGAPORE PTE. LTD. deemed to have been duly convened and
      1,018 words

  • Page 13 Advertisements
    • 71 13 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
    • 893 14 Generational shift in management at family-run conglomerates drives dealmaking BLOOMBERG Seoul SOUTH Korea is enjoying its busiest deal spree in a decade as the Samsung and SK family-run conglomerates moved to cement management control and troubled companies found new owners. The value
      BLOOMBERG  -  893 words
    • 693 14 BLOOMBERG New York THE Federal Reserve’s historically low borrowing rate isn’t benefiting corporate America like it used to. It’s more expensive for even the most creditworthy companies to borrow or refinance even as the Fed has kept its benchmark at near-zero the
      BLOOMBERG  -  693 words
    • 439 14 BLOOMBERG REUTERS New York CITIGROUP Inc, the US bank that gets more than half its revenue from abroad, boosted profit more than analysts estimated after a drop in legal costs helped it cut expenses faster than revenue fell. Third-quarter net
      BLOOMBERG; REUTERS  -  439 words
    • 419 14 REUTERS London BRITAIN on Thursday announced it was scrapping plans that would treat senior bankers as “guilty until proven innocent”, in a move likely to infuriate regulators but ease industry fears that tough new rules will scare top talent away
      REUTERS  -  419 words
  • Page 14 Advertisements
    • 635 14 NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of POLYLECTRIC ENGINEERING PTE LTD (IN LIQUIDATION) (Co. Reg. No. *****5743M) COMPANIES WINDING UP NO. 7 OF 2015 NOTICE OF MEETING OF CREDITORS Take notice that a meeting of creditors in the above matter will be
      635 words

  • ENERGY & COMMODITIES
    • 636 15 Adani hails the approval, which is subject to “strictest conditions in Australian history” AFP Sydney AUSTRALIA on Thursday approved a controversial Indian-backed project to build one of the world’s biggest coal mines despite conservationists’ fears it threatens the Great
      AFP; PHOTO: AFP  -  636 words
    • 724 15 REUTERS Seoul ASIA is losing some of its appetite for rice in favour of wheat a trend that is nowhere more pronounced than in South Korea, where bread and pastries have become a new staple. From working mothers, who find toast
      REUTERS  -  724 words
    • 598 15 REUTERS Singapore CHINA is on course to become the world’s biggest crude oil importer and a determined 70-year-old woman from the country’s oil-rich hinterland who battled to save small “teapot” oil refineries can take some of the credit. Liu Aiying has
      REUTERS  -  598 words
    • 413 15 BLOOMBERG Oslo NORWEGIAN oil companies are turning on the spigots to counter plunging crude prices. That may be a welcome news for the government of western Europe’s biggest oil producer, which next year is planning to dip into its massive
      BLOOMBERG  -  413 words
    • 457 15 BLOOMBERG London THE world is awash in crude, but big oil companies are lining up to develop new fields in Iran even as they slash spending and abandon exploration elsewhere. One thing explains this paradox: cost. The Middle Eastern country
      BLOOMBERG  -  457 words
    • 482 15 BLOOMBERG Sydney FORTESCUE Metals Group, the fourth-biggest iron ore exporter, cut first-quarter production costs by 24 per cent and trimmed debt, bolstering its balance sheet with prices forecast to extend declines. Cash costs averaged US$16.90 a wet tonne in the
      BLOOMBERG  -  482 words

  • TECHNOLOGY
    • 921 16 Mobile payments startup’s prospectus reveals its financial data, presents a rocky picture of Starbucks partnership NYT New York JACK Dorsey is about to get even busier. On Wednesday, one of the companies Mr Dorsey runs, mobile payments startup Square, made its initial public offering
      NYT; PHOTO: NYT  -  921 words
    • 1049 16 NYT New York TWENTY years after Netscape introduced encryption to Web browsers to safeguard the private data of Internet users, roughly two-thirds of Web traffic still moves on unprotected channels, according to research by Sandvine, a network equipment provider. Whether you visit Amazon’s product
      NYT; PHOTO:NYT  -  1,049 words
    • 325 16 AFP Washington INVESTORS poured increasing amounts of cash into startups in the third quarter, defying fears of a bubble in the tech sector, a survey showed on Wednesday. A total of 1,799 venture-backed startups around the world pulled in US$37.6 billion
      AFP  -  325 words
  • Page 16 Advertisements
    • 28 16 Capitalize opportunities in the market using CFDs regardless of bull or bear market Open a new CFD trading account and enjoy 50% commission rebate* *Terms and conditions apply
      28 words
    • 146 16 n FRANCHISING rkASia LICENSING ASIA 2015 EXHIBITION CONFERENCE 29 31 OCTOBER 2015 10.30am 6.30pm (Thu Fri) 10.30am 5.30pm (Sat) Sands Expo Convention Centre, Level 1, Hall B Marina Bay Sands, Singapore iWWI^II FREE Food Sampling at Various Booths! >25 ■iVj. m m FREE Educational Franchise Legal Talks Hear from different
      146 words

  • CONSUMER
  • Page 17 Advertisements
    • 27 17 •A www.omy.sg f v il t Popu Lady if it r Get Out of Popu Lady 12 pm ESSE eiSla Vi/ SCAN a WATCH NOW more (5)showbiz.omy.sg
      27 words
    • 45 17 .91,; e#=*/T7 XutMaac COURTS X ONE FM ULTIMATE ,_l J —I J J TJ < fj tSSSi WANT TO ADD IN YOUR MOST WANTED TECH GADGETS FOR YOUR MAN CAVE AND WIN THEM ALL? TUNE IN TO ONE FM 91.3 FOR MORE DETAILS! STANFORD 1R Sealer
      45 words
    • 45 17 MR KIASU AND HIS KAMPUNG SPIRIT The co-creator of the local comic book series has been organising a street party in his estate for the past 15 years to encourage neighbourliness HE HOLDS HACKATHONS FOR FIRMS TO FIND THE RIGHT STAFF GET YOUR COPY TODAY
      45 words
    • 76 17 ~|||C“ FACILITIES MANAGEMENT i I O— SOLUTIONS EXPO 2016 LEADING REGIONAL S*U»S*1 FACILITIES MANAGEMENT EXHIBITION in 26-28 APRIL 2016 Sands Convention Exhibition Centre, Hall A, Singapore 10am-6pm (26-27 Apr) 110am-5pm (28 Apr) K Redefining? 1m Faciliti^slJ Mariaaement!|j wr, m m. PREMIUM SPACES AVAILABLE! Contact us today at fmse@sph.com.sg or call
      76 words

  • TRANSPORT
  • Page 18 Advertisements
    • 591 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NOTICE OF CREDITORS' MEETING PETA MARINE SERVICES PTE LTD (IN COMPULSORY LIQUIDATION! (Company Registration No: *****5942M) Winding Up No. 91 OF 2012/S Take notice that a meeting of creditors in the above matter will be held at 6 Shenton Way, #33-00
      591 words

  • REAL ESTATE
    • 855 19  -  Knight Frank also says premium-grade offices with large floor plates of over 10,000 sq ft will be hit the hardest By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRIME-OFFICE rents in Singapore could see an overall 3 per cent drop over the
      855 words
    • 555 19  -  By Natalie Koh natksl@sph.com.sg @NataliekohBT Singapore SINGAPORE remains among the top 20 investment destinations for commercial real estate, according to the latest global data released by CBRE. Commercial real estate investment for Singapore reached US$2.4 billion in the first half
      555 words
    • 731 20  -  Public preview to start on Saturday; this will be China-based Nanshan Group’s maiden private condominium project in Singapore, developed with Vico Construction By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CHINA-based Nanshan Group is set to launch its maiden private condominium project
      731 words
    • 430 20  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore REGINA Lim, former head of Singapore equity research at Standard Chartered Bank, is joining property consulting giant JLL in a newly created position as national director, advisory and research next month. Chris
      430 words
    • 377 20  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore KWEK Leng Beng, executive chairman of Hong Leong Group Singapore and chairman of London-listed Millennium Copthorne Hotels plc (M&C), received the Lifetime Achievement Award from Hotel Investment Conference Asia Pacific (HICAP) in Hong Kong on Thursday.
      377 words
  • Page 19 Advertisements
    • 104 19 PERSONALISATION News, your way, with bookmarks and a customisable menu FRESH NEW LOOK Visual and intuitive design BETTER BROWSING Seamlessly navigate with gestures DEPTH BREADTH More content for both free users and subscribers E-PAPER Read stories as they appear in print, or optimised for your device Download the new Business
      104 words

  • Page 20 Advertisements
    • 382 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3.5-Storey. 8159 sqft, 6+1 rms ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027 9771 6341 D05 HOUSE FOR SALE FABER PARK 2/storey brand new bunglw with attic+ basement pool lift.
      382 words
    • 133 20 D17 HOUSE FOR SALE LOYANG VILLAS Best Buy $1.75m yet neg. Corner Terrace. 3 storey basement. Open House today. Land 2713 sqft/ approx 3500 sqft. Unblocked. Serious Seller. Roza Sure Bagus *****697 D19 HOUSE FOR SALE 36 JANSEN ROAD Open House! Brand New! Jansen Rd. 3981/ 5099 sf. 5 super
      133 words

  • Page 21 Advertisements
    • 307 21 D20 HOUSE FOR SALE 2 STOREY HOUSE ADELPHI PARK Landed Zoned Commercial. P.R.=3! Foreigner can buy! Reno. Gdn. Face NS. 2-cars. Thomson Plaza/Macritchie/Future MRT 3+1. 3541 sqft. $2.3M/ $650psf. Val $2.4M Rare! 9383 3616 YK D21 HOUSE FOR SALE THERESA TAN 9680 3222 SUNSET ESTATE Freehold 2.5-storey detached with pool.
      307 words
    • 296 21 D10 APARTMENT FOR SALE BALMORAL HILLS #08-0X. Freehold. Panoramic Sunset View. Vacant. 1841 sq ft, 4+1 Balcony. Bright Breezy. $3.4 million neg. Commission up to $100k. Sms Owner 9788 2102 D10 APARTMENT FOR SALE TATE RESIDENCE Rare! 3028 sf, 4+1 ensuite, spacious. Single level, high floor, unblock view. Prime location,
      296 words
    • 253 21 D10 HOUSE FOR RENT KING’S LODGE Expat’s choice! Newly Reno Spacious semi-d w roof terr. 4000/3500sf Large rm 4bed >4cars. Kris 9150 5522 D10 HOUSE FOR RENT OFF HOLLAND ROAD Designer 4+1 Semi-D. 2.5-storey Off Holland Rd, Land 3300/ Built 5800 sqft. Partial furnished. Call *****098 Joyce Yong (DTZ) D10
      253 words
    • 317 21 D14 FACTORY FOR SALE SIMS AVENUE Rare! B1 Freehold. 9 Storey High Yield! Great Investment!! Built up Approx 1119 sqm, Renovated. Near MRT/ Eateries/ Amenities/ car park. No GST. Call 9225 6886 D01 OFFICE FOR RENT THE ARCADE RAFFLES PLACE Prime Raffles Place. Fully Fitted, Furnished offices. No Service Charge.
      317 words

  • VEHICLES & LIFESTYLE
    • 963 22  -  By Brittany Bronson Brittany Bronson is an English instructor at the University of Nevada, Las Vegas, a restaurant server and a contributing opinion writer. NEW YORK TIMES LAS VEGAS In the casino restaurant where I work, the rush arrives at
      NEW YORK TIMES  -  963 words
    • 2090 26 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 28/10 30/11 3/11 5/11
      2,090 words
  • Page 22 Advertisements
    • 84 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED BMW FOR SALE BMW 520I 2014 BMW 520I. Low Mileage, Like New. In-house loan High Trade in available. Call now 8571 1280 6555 3300 HONDA FOR SALE VEZEL Honda Vezel 1.5X $109,800. G’teed COE Delivery. No Additional Cost. Ren 9772 9995.
      84 words
    • 74 22 MERCEDES FOR SALE CLA180 New CLA180 AMG Panoramic. Low downpayment/ interest 1.99%/ mthly $1088/ Immed COE/ All colours. 6848 4844 TOYOTA FOR SALE ALTIS $624 x 54 months. 2006 Toyota Altis 1.6 Auto. 1 owner. Low mileage. Tel: 6841 7757 9620 0045 YONG LEE SENG MOTOR PTE LTD TOYOTA FOR
      74 words
    • 62 22 TOYOTA FOR SALE HARRIER Toyota Harrier Premium Panaromic 2.0A $153,800. G’teed COE Delivery. No Additional Cost. Ren 9772 9995. Don Motoring Pte Ltd DOMESTIC HELP MAID SERVICES Chaindra Maid Agency S’pore Prestige Class Award-Winner 2015 Asia Pacific Brands Award. Nepalese, Indian, Sri Lankan, Kerala, Hindi6. Tel: *****172 (08C3412) Buy It
      62 words
    • 47 22 ITEMS WANTED Highest offer for Old/ New Liquor wanted Martel/ XO/ Hennessy etc/ Korean Ginseng/ used Spoilt Elect items. Call now! *****092 PETS PET CARE KOI FARM Nippon Koi Farm Biggest, Cheapest And Largest in Singapore! No 51 Jln Lekar Tel 6763 1882 or visit website: www.nipponkoifarm.com
      47 words

  • GOVERNMENT & ECONOMY
    • 884 23 Fuelling the drive are generous subsidies and need to increase number of skilled workers REUTERS Guiyang, China THREE decades ago, Chinese cities began turning rural land into industrial parks to attract foreign investors. Today, a new kind of project is blooming in China’s
      REUTERS; PHOTO: REUTERS  -  884 words
    • 456 23 AFP Shanghai THE number of billionaires in China has overtaken that of the United States for the first time, an annual survey said on Thursday, calling it a “turning point” for the super-wealthy. Communist-ruled China now has 596 billionaires, up a “staggering” 242
      AFP; PHOTOS: AFP  -  456 words
    • 775 23 GDP growth is very hard to track in African countries with weak infrastructure REUTERS Johannesburg A DIP in the fortunes of many African economies has raised doubts about the accuracy of the heady statistics that lured hordes of investors during the “Africa Rising”
      REUTERS  -  775 words
    • 448 23 This adds to recession concerns and pressure to launch fresh stimulus REUTERS Tokyo JAPANESE manufacturers’ confidence worsened for the second straight month and is expected to fade going forward, a Reuters poll showed, adding to lingering fears of a recession and
      REUTERS  -  448 words
    • 545 23  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur A SURVEY by the Asian Institute of Finance (AIF) has formed a picture of Malaysia’s Gen Y as one that lives beyond its means and relies on the high cost of borrowing to achieve instant gratification.
      545 words

  • OPINION
    • 564 24 EDITORIAL A study by Imperial College London and Citibank released early this year brackets Singapore with a group of countries which are the most ready for the widespread adoption of digital money as the primary means of financial transactions. Digital money refers
      564 words
    • 593 24  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington WE journalists often have mixed feelings about what we report and write. Naturally, we like to see our reporting vindicated by events or other reporting. This makes us feel prescient.
      THE WASHINGTON POST WRITERS GROUP  -  593 words
    • 1219 24  -  Given the yellow metal’s importance in the Asia-Pacific, its wider acceptance could make for a significant boost to the liquidity and soundness of the markets. BY STEVE WAGER markets.BY STEVE WAGER T The writer is executive vice-president of operations and development at itBit,
      PHOTO: REUTERS  -  1,219 words
    • 1095 25  - Downside to Singapore’s food availability food wastage COMMENTARY By Asit K Biswas, Matthew J Kastner, Cecilia Tortajada T Prof Biswas is a distinguished visiting professor at the Lee Kuan Yew School of Public Policy, National University of Singapore; Mr Kastner is a graduate student at NUS while Dr Tortajada is
      1,095 words
    • 704 25  -  By Simone Ranucci Brandimarte T The writer is chief executive officer of GoSwiff THE pace of technological developments over the past decade surpasses anything the world has seen before. Hardly a day seems to go by without news of a new innovation,
      704 words
    • 1231 25  -  Alas, we do not reside in an alternate history. So, today, the US has to accept being the first among equals in a multipolar global set-up By Leon Hadar ON SEPT 13,1989, a few weeks before the fall of the
      PHOTO: AFP  -  1,231 words


  • Page 26 Advertisements
    • 97 26 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 sfi\ maritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a
      97 words

  • BT Lifestyle
    • 2090 27  -  From Broadway to the Metropolitan Opera House to the Guggenheim, we bring you the highlights of the arts scene in New York this fall. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT IN the cutthroat world that is Broadway, where tens of thousands of actors struggle
      PHOTO: ELENA WANG; PHOTO: METROPOLITAN OPERA HOUSE; PHOTO: PUNCHDRUNK  -  2,090 words
    • MUSIC/CINEMA
      • 803 28  -  The offbeat programming at Singapore’s first alternative cinema is a hit with cinemagoers and it hopes to continue drawing the crowd this Halloween. BY DYLAN TAN MOVIES Halloween.BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT IN this day and age of Netflix and illegal downloading,
        FILE PHOTOS  -  803 words
      • 620 28  -  By Geoffrey Eu A MURKY chapter in Cold War history gets the Masterpiece Theatre treatment from Steven Spielberg in Bridge of Spies, a tense and thoroughly absorbing period drama about an unknown but upright American lawyer who finds himself the key player in a secret prisoner
        PHOTO: TWENTIETH CENTURY FOX  -  620 words
      • 641 28  -  By Geoffrey Eu DARK and stormy nights are the norm at Allerdale Hall, the decrepit ancestral home of Sir Thomas Sharpe (Tom Hiddleston), a dashing, swoon-inducing Englishman who seems to spring straight from the pages of a corny romance novel. As plotted by Guillermo
        PHOTO: UIP  -  641 words
    • ARTS
      • 659 29  -  His famed metaphysical novel Kafka On The Shore gets a staging this month.BY month.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT BY the time they reached the ending of Kafka On The Shore, thousands of readers were baffled enough by the novel to pose 8,000 questions to reclusive
        PHOTO: ESPLANADE  -  659 words
      • 617 29  -  By Cheah Ui-Hoon uihoon@sph.com.sg IF anyone wanted to create soundtracks for books, Japanese writer Haruki Murakami’s works would be the perfect fit. The former jazz bar own-er-turned-novelist is known to infuse his books with classical, jazz and American pop music often naming his books after
        617 words
      • 598 29  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT BECAUSE dancers aren’t supposed to last beyond the age of 40, this year’s da:ns festival at the Esplanade features a surprisingly touching theme of age and physical decline. Last weekend saw the rare comeback performance of four respected Singaporean dancer-choreographers
        PHOTO: BILL COOPER  -  598 words
      • 488 29  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT PANGDEMONIUM, one of the best theatre companies in Singapore, has picked David Henry Hwang’s play Chinglish to be its last show of the year. Hwang, of course, is the most famous among Asian-Ameri-can playwrights, being the first to win a Tony Award
        PHOTO: PANGDEMONIUM  -  488 words
    • WINE/ARTS
      • 881 30  -  Fine wine needs time to develop to its full potential. WINE BY NK YONG PATIENCE is a virtue. The first known publication of this quotation came from the poem Piers Plowman written between the years 1360 and 1387 and attributed to William Langland. In modern times,
        PHOTO: AFP  -  881 words
      • 764 30  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT WITH all the dance hits he’s been churning out over the last four decades, it’s no wonder disco king Nile Rodgers doesn’t sleep much. “I get three hours, if I’m lucky; it’s been like that since I was five,”
        PHOTO: CHIC FEATURING NILE RODGERS  -  764 words
      • 879 30  -  By Cheah Ui-Hoon uihoon@sph.com.sg AS a major collector of Singapore artists, veteran architect Koh Seow Chuan usually lets other curators choose the works they want to show from his collection. But this time around, for a showcase of over 130 works of his
        PHOTO: KOH SEOW CHUAN  -  879 words
    • CITY LIFE
      • Article, Illustration
        906 31  -  Dancers, musicians and aerialists come together with local and international artists to fete the Singapore River. BY AVANTI NIM avantin@sph.com.sg HAVE a fear of heights? Then you probably won’t try this: being suspended over the Singapore River by a 220-tonne crane. Instead, leave it to the professionals world-renowned
        PHOTO: SINGAPORE RIVER FESTIVAL  -  906 words
      • CITY BUZZ BT writers' picks of what to see, do or talk about
        • 273 31  -  DINING By Tay Suan Chiang IT’S not every day that you get dinner cooked by an Iron Chef. For three nights only, Thai Iron Chef Chumpol Janprai will present three menus at private dining restaurant Scotts 27. Chef Chumpol started working in the kitchen at the
          PHOTO: THAI CUISINE ACADEMY  -  273 words
        • 307 31  - ART SCIENCE OF SUSTAINABILITY By Avanti Nim IF museums won’t talk about the issues of sustainability, who will? Executive director of ArtScience Museum Honor Harger says: “It’s always been a subject very close to our hearts. In order to address the critical environmental challenges that the world faces, we need
          PHOTO: ARTSCIENCE MUSEUM  -  307 words
        • 169 31  -  DANCE By Helmi Yusof AFTER a two-year hiatus, dancer Joavien Ng returns with a bold and visceral work that puts her and her troupe of dancers face to face with their inner demons. Exploring the themes of obsession, ritual and tragedy, Ng and nine performers from
          169 words
        • 208 31  -  THEATRE THE reality of war and man’s primordial instincts come closer to Singapore through The Stage Club’s production of Rajiv Joseph’s Bengal Tiger at the Baghdad Zoo. The Pulitzer-nomi-nated play revolves around two US Marines and an
          208 words
        • 190 31  -  KABUKI By Dylan Tan Ebizo Ichikawa XI, Japan’s famed Prince of Kabuki, returns to Singapore with two plays that have never been performed before Uwanari and Mimasu Kuruwa no Kasauri. The former which translates into “second wife” and “jealousy”, is a classic which revolves
          PHOTO: SHINSUKE YASUI, FILE  -  190 words
        • 241 31  - Jeremy Monteiro Eugene Pao play To Paris with Love A Tribute to the music of Michel legrand MUSIC By Dylan Tan JEREMY Monteiro and Eugene Pao might live in different countries but the Singapore King of Swing and Hong Kong jazz guitar maestro respectively have been best of friends and
          FILE PHOTO  -  241 words
  • Page 27 Advertisements



  • Page 30 Miscellaneous
    • 331 30 CRYPTIC CROSSWORD Across 1 Remedies protecting against snakes (6) 5 Mouths off about heartless guys in rogues’ gallery (8) 9 Panic, seeing stars forgetting lines replaced by sailors (13) 10 Creature, male, by river shrouded in mist (8) 11 The girl adopted by father is frustrated (6) 12 Look thus,
      331 words