The Business Times, 17 October 2015

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Microfilm: NL33640
Total Pages: 41
1 16 The Business Times
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      53 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-24 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Shopping L2-3 Living L4-6 Dining L7-9 Style L10-11 Travel L12 Health L13 Motoring
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  • TOP STORIES
    • Article, Illustration
      Lock icon BT scribes bag top awards for financial journalism
      575 2  -  Cai Haoxiang and Anita Gabriel shine at SIAS event By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore BUSINESS Times journalists Cai Haoxiang and Anita Gabriel took home honours for financial journalism at the Securities Investors Association of Singapore’s (SIAS) Investors’ Choice Awards on Friday.
      PHOTO: LAURA NG  -  575 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,030.61 (+15.47) GSTI FUTURES 3,028.00 (+16.00) GSIMSCI 340.00 (+1.87) GSIMSCI FUTURES 340.50 (+2.40) STOCKS Friday Change KL COMP 1,716.82 +3.57 NIKKEI 225 18,291.80 +194.90 HANG SENG 23,067.37 +179.20 SET 1,418.38 -6.94 JAKARTA 4,521.88 +14.69 MANILA 7,055.74 +10.34 KOSPI 2,030.26 -3.01 SHENZHEN B 1,149.97 +7.50 MUMBAI IND 27,214.60 +204.46
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      • Article
        Lock icon FOft€X
        49 2 US$ S$ US$ (S$ per US$) 1.383 (US$/S$ per 1.547 2.140 EURO (US$/S$/€ 1.138 1.573 Foreign currency per US$ S$ YEN 119.10 86.20 RM 4.170 3.016 HK$ 7.750 5.605 BAHT 35.31 25.53 RUPIAH 13,550 9,799 RENMINBI 6.351 4.593 INDIAN RUPEE 64.93 46.96 A$ 1.373 0.993 NZ$ 1.466 1.060
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.643 TAIWAN 4.966 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.05 Source: Bloomberg
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    • Article, Illustration
      Lock icon NODX makes unexpected turnaround in Sept
      620 3  -  But economists say the pickup may be unsustainable; exports still vulnerable By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore A SURPRISE turnaround in non-oil domestic exports (NODX) in the closing month of the third quarter should dilute the return of fears of a technical recession
      Source: IE Singapore  -  620 words
    • Article, Illustration
      Lock icon Uncertainty over Fed rate hike becoming too costly for markets: Tharman
      757 4  -  He urges US Fed to ‘move past the crisis’ and start normalising rates to quash the uncertainty By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore DEPUTY Prime Minister Tharman Shanmugaratnam on Friday made his strongest case yet for the United States
      757 words
    • Article
      Lock icon More BTO flats likely next year: minister
      434 4 Straits Times Online Singapore THE supply of new Housing Board flats is likely to go up next year, to meet higher demand arising from recent policy changes. National Development Minister Lawrence Wong said he has asked HDB to look into supplying more new
      Straits Times Online  -  434 words
    • Article
      Lock icon IE Singapore and Latin America’s CAF sign MOU
      339 4  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore EVEN as the regional economy of Latin America and the Carribean is projected to contract this year, there is value in Singapore forging stronger ties with the region. It was with this in mind that International
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    • Article
      Lock icon Correction
      45 4 IN our table for interbank rates (BT, Oct 16), some of the Singapore dollar quotes were wrong. Icap, the source, has clarified that they should be: one month 0.875 offer and 0.75 bid; two months 0.9375 and 0.8125; and three months 1.0 and 0.8125.
      45 words
    • Article
      Lock icon Too smart not to share
      1229 5  -  SATURDAY SOAPBOX By Stefanie Yuen Thlo, Gordon Lim The writers are joint managing director and associate, respectively, at TSMP Law Corporation IT’s 20 minutes to nine and you are running late for a meeting. Five cabs have sped by, all proclaiming “hired” in angry red
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    • TIPPING POINT: AT LOGGERHEADS
      • Article
        Lock icon Why tipping is wrong
        877 6  -  By Saru Jayaraman NYT Berkeley, California THE announcement on Wednesday by the New York restaurateur Danny Meyer that he was eliminating tipping at his restaurants shows that he understands the impact tipping really has: it has created a two-tiered wage system with deep social and economic
        NYT  -  877 words
      • Article, Illustration
        Lock icon Hidden benefits for servers and customers
        834 6  -  By Noah Smith Bloomberg View IF you want to get economics pundits excited, bring up the issue of tipping. Most of my fellow pundits despise tipping, the way they despise the Electoral College and the penny. Well, the pundits are sure to be rejoicing.
        Bloomberg View; PHOTO NTT  -  834 words
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      114 3 Credit Suisse How does Roger keep hi* Private Banking team within reach? Many of our Private Banking capabilities can now new digital platform. So Roger can keep in touch team and in control of his finances, even when he Watch Roger explain how our new digital platform credit-suisse.com/sg/privatebankingapp be accessed
      114 words
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      85 5 V-Lift from $800* Non Surgical No Needles No Downtime Effective Results Long Lasting Call +65 6235 1125 for your appointment today! Please quote “BT V-Lift”. ’Terms Conditions Apply FACE, BODY SKIN 1 Skin Rejuvenation I Brightening I Resurfacing I J aesthetics medical centre V-Lift I Body Contouring I Stretch Mark
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      2600 7 UNION STEEL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0181W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Union Steel Holdings Limited (“the Company”) will be held at 33 Pioneer Road North Singapore *****4 on Saturday, 31 October 2015
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Banker to India
      2840 8 / 9  -  India’s most influential woman in business, Arundhati Bhattacharya, talks about the challenges of running the country’s largest bank. By Vikram Khanna By Vikram Khanna vikram@sph.com.sg WHETHER on Wall Street or the City of London, or Tokyo, Hong Kong or Singapore, the banking industry is a man’s world;
      PHOTO: SHAWN TEO  -  2,840 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Higher margins lift Qian Hu’s Q3 profit
      437 10  -  Firm’s earnings rise 17.7%; revenue falls 12.8%, which it blames on uncertainties in eurozone By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore HIGHER margins for its fish exports and the stabilisation of plastics prices helped lift thirdquarter earnings of ornamental fish retailer Qian Hu despite
      PHOTO: QIAN HU  -  437 words
    • Article, Illustration
      Lock icon Deloitte invests, hires to expand in S-E Asia
      360 10 Bangkok Post Bangkok SINGAPORE-BASED Deloitte South-east Asia plans to invest more in developing its human resources and digital systems to prepare for greater business opportunities in the long term. For its fiscal 2015 ending May 31, the firm recruited 62,000 new staff
      Bangkok Post  -  360 words
    • Article
      Lock icon CEFC International Q3 net soars to US$11.97m
      307 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore WITH its enhanced trading expertise in place, CEFC International posted a net profit of US$11.97 million for the third quarter ended September, up from its yearago figure of US$661,000. The group, which engages in the trading of
      307 words
    • Article, Illustration
      Lock icon Stable China, Wall Street help STI regain 3,000 mark
      573 11  -  stocks R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE five trading days just past closely resembled the five that preceded them the first common feature being that each day the Straits imes Index moved ahead of Wall Street (STI), taking cues mainly
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    • Article
      Lock icon GAINERS
      75 11 BY CENTS CLOSE UP 52w high/low DBXT ASX200 US$ 3340 246.1 5.6 4095/3112 SPDR S&P500 US$ ***** 171.4 0.6 *****/***** Lyxor ChinaH US$ 1494 60.8 3.0 2055/1250 JMH USD 5400 41.5 0.6 6788/4502 DBXT MSCHINA US$ 1328 40.1 2.2 1750/1151 BY PERCENTAGE CLOSE UP 52w high/low Charisma W*****3 0.4
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    • Article
      Lock icon LOSERS
      76 11 BY CENTS CLOSE DOWN 52w high/low IS S&P500 US$ ***** -543.3 -1.9 *****/***** GLD US$ ***** -109.2 -0.7 *****/***** IS ASIA HYG US$ 1040 -55.3 -3.7 1130/1007 DBXT S&P Short US$ 2177 -30.4 -1.0 2477/2104 DBXT iBoxxIDR US$ 921 -24.9 -1.9 1053/844 BY PERCENTAGE CLOSE DOWN 52w high/low Union
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    • Article
      Lock icon MOST ACTIVE
      34 11 VOLUME Ezra 162,887,000 Vallianz 102,223,600 Rex Intl 98,104,700 Spackman 88,171,500 Yuuzoo 68,853,100 Market volume 1,938,166,000 VALUE DBS Grp 88,046,321 UOB 79,439,208 Singtel 77,066,132 OCBC Bank 65,818,057 HongkongLand USD 39,701,094 Market value 1,048,747,000
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    • Article
      Lock icon Pain could be coming to Singapore’s corporate bond market: S&P
      457 11  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE announcement by Indonesian-based mobile phone distributor and retailer PT Trikomsel Oke Tbk on Thursday that it may restructure its outstanding bonds suggests that more pain could be coming to Singapore’s dollar bond market
      457 words
    • Article
      Lock icon STI STOCKS
      304 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 +2 245/240 271 213 6 6199.6 CapitaLand 310 +2 311/307 379 267 11.4 2.9 *****.9 CapitaMall Trust 202 unch 205/202 228 184.5 5.4 7010.2 CityDev 818 -5 827/815 1095 759 9.8
      304 words
    • Article
      Lock icon SGX ETFs Most Active
      106 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSAsExJp US$ US3303 645 -/-4064/2973 3365/3376 7.6 STI ETF 307 +3 182 308/306 355/280 306/308 DBXT MSRussia US$ US197 +3 142 197/194 245/140 195/196 IS MS INDIA US$ US717 -1 117 723/709 1000/648 716/717 89.6
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      783 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 12 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Hotung Invest Hldgs 15-Oct-15 Tsui-Hui Huang *Buy 150 0.13 *****3 20.83 *****3 20.85 KS Energy 14-Oct-15 Pacific
      783 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 0 0 0 4 7 4 Manufacturing 48 36 30 15 3 7 63 39 37 Commerce 21 14 17 7 5 4 28 19 21 Tpt/Stor/Comms 19 14 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,289 16,289 72,062 72,062 Manufacturing 216,806 88,707 305,513 70,230 6,311 76,541 Commerce 96,745 159,449 256,194 64,494 9,263 73,757 Tpt/Stor/Comms 296,270 12,979 309,249 210,481 1,040 211,521 Finance 29,579 170 29,749 251,759 25 251,784 Construction 19,124 46,475
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Oct 16 VALUE CLOSE BT OB/OS 770.00 +92.00 BT CADI -*****.00 +88.00 BT 10-day MA -*****.00 +77.00 FTSE ST Mid Cap 701.10 +3.43 FTSE ST Small Cap 423.19 +0.27 FTSE ST All Share 731.11 +3.79 FTSE ST China Top 178.73 +1.17 FTSE ST China 220.28 +2.55 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 12 VOL CLOSE($) CHANGE SMJ Intl 65.0 0.145 -0.030 -17.14 Epicentre 5,000.0 0.170 -0.010 -5.56 Transit Concrete 33.7 0.600 +0.050 +9.09 Interra Resource 4,465.8 0.118 +0.018 +18.00 Spackman 88,171.5 0.068 +0.012 +21.43 Chiwayland Intl 3,059.3 0.062 +0.011 +21.57 China Taisan 92.3 0.128 -0.010 -7.25 Union Steel 61.3 0.080 -0.027
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Oct-15 Price Net change change Last Trade Agricultural Oct-15 CBOT Soybeans (US cents/bu) 905.25 -5.25 -0.58% 13/11/2015 CBOT Soybean Oil (US cents/lb) 28.77 0.17 0.59% 14/10/2015 CBOT Wheat (US cents/bu) 502.50 -5.75 -1.13% 14/12/2015 Oct-15 LIFFE Cocoa (£/tonne) 2101.00 -7.00 -0.33% 14/12/2015 LIFFE Coffee (US$/tonne) 1667.00 36.00 2.21%
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    • Article
      Lock icon PALM OIL
      57 13 Oct 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2245.0 2235.0 2267.0 2232.0 483 7419 Dec 15 2291.0 2269.0 2305.0 2267.0 ***** ***** Jan 16 2323.0 2302.0 2339.0 2298.0 ***** ***** Feb 16 2343.0 2329.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      63 13 Oct 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.67 100.71 100.68 5-Year N*****0S 2.000 01-Jul-20 101.23 101.15 101.15 10-Year NX*****Z 2.375 01-Jun-25 100.01 100.08 99.95 15-Year NZ*****F 2.875 01-Sep-30 102.46 20-Year NZ*****V 3.375 01-Sep-33 109.68 30-Year NA*****N
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Oct 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0067 1.0076 0.7282 0.7286 Canadian dollar 1.0723 1.0730 0.7759 0.7756 Euro 1.5726 1.5733 1.1375 1.1377 NZ dollar 0.9431 0.9437 0.6822 0.6824 Sterling pound 2.1390 2.1402 1.5472 1.5476
      155 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      205 13 Most active Oct 16 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2.8 -0.1 ***** 1 18 12 KepCorp MB eCW*****1 10.8 -0.3 7893 0.2 780 4 UOB MB eCW*****1 13.5 unch 6350 0.1 2080 3
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 15 Index Change Change Change Change Change Change World Preliminary 1259.1 0.6 -1.3 0.4 1.4 0.7 -2.6 EAFE Preliminary 999.8 1.2 1.3 0.9 2.9 1.3 -1.2 Europe Preliminary 1400.6 1.2 1.4
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        22 13 YTD change: -9.94% 52-week high: 3,539.95 on April 15, 2015 52-week low: 2,787.94 on Sept 29, 2015 Source: Bloomberg
        Source: Bloomberg  -  22 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 13 YTD change: -2.28% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,556.60 on Sept 29,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 13 YTD change: +4.84% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,290.44 on Oct 27,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +4.82% 52-week high: 20,868.03 on June 24,2015 52-week low: 14,532.51 on Oct 17,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 13 YTD change: -3.82% 52-week high: 18,312.39 on May 19,2015 52-week low: 15,666.44 on Aug 25,2015 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article, Illustration
      Lock icon Emerging nations trimming US$5t debt
      774 14 Borrowing binge may be reversing as economic growth slows Bloomberg New York BORROWERS in emerging markets have started to address a US$5 trillion mountain of US dol-lar-denominated bonds and loans, reducing their obligations for the first time in seven years in a move that threatens
      Bloomberg; PHOTO: AFP  -  774 words
    • Article, Illustration
      Lock icon Schneider to invest 65m euros into its Singapore ops
      641 14  -  By Natalie Koh natksl@sph.com.sg @NataliekohBT Singapore SCHNEIDER Electric is expanding its presence in Singapore, investing 65 million euros (S$102 million) into its Singapore operations over the next five years, the company said on Friday. The company, which touts itself as a
      641 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon S’pore-based investors pump S$3.8b into real estate abroad in Q3
      455 15  -  Within the country, private investment in office space rises to S$828m from S$465m in Q2, DTZ data show FOREIGN PROPERTIES By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE-BASED investors put in at least S$3.8 billion in overseas real-estate markets in the
      FILE PHOTO  -  455 words
    • Article, Illustration
      Lock icon NYC’s luxury-condo king shifts gears in bid for Asian buyers
      694 15 Bloomberg New York GARY Barnett, the developer who sold New York’s most expensive apartment, is marketing his newest and largest Manhattan condo project to Asian buyers first with prices well below those at his Billionaires’ Row towers. Mr Barnett’s Extell
      Bloomberg; PHOTO: BLOOMBERG  -  694 words
    • Article
      Lock icon Househunt
      1253 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 2 AND SEPT 8, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED Rivergate Apt 04/09/2015 FH 1507 2800 1858 Rivergate Apt 08/09/2015 FH 1055 2190 2076
      1,253 words
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      146 17 BELMONT ***** sf, rebuild BELMONT ***** sf, Brand new, Priced to sell. Elevated land, nice view BISHOPGATE ***** sf, Elevated, Rare! BINJAIPK ***** sf, Elevated, Squarish BT TUNGGAL ***** sf, Elevated Brand new, Panoramic view, easy access CHATSWORTH 31K sf, Flat land, FORD AVE***** sf Move in, lush green HOLLAND
      146 words
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon StanChart S’pore announces more changes at the top
      440 17  -  New heads appointed for retail banking, commercial banking, transaction banking BY Siow Li Sen |isen@sph.com @SiowLiSenBT Singapore STANDARD Chartered Singapore announced more senior management changes on Friday as the banking group pushes on with streamlining its organisation. Andrew Chia has been appointed
      440 words
    • Article
      Lock icon High-frequency traders call for transparency in Treasuries
      741 17 Bloomberg New York HIGH-FREQUENCY traders and US regulators may make strange bedfellows, yet both are calling for more light to shine on trading in the US$12.9 trillion Treasuries market. Since the market’s harrowing swing on Oct 15, 2014, officials from the Federal Reserve
      Bloomberg  -  741 words
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      47 18 HOT PROPERTY GOOD BUY! CHANCERY Res Classic Townhse 3433 sf, 4+1+1. 2 carparks. S/pool $890 psf. $4.1M FREEHOLD SEMI-D in One Mount Rosie. 5bBR 4 Bath. 4,951sf, Bright, Jacuzzi, 2 cars. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
      47 words
  • ENERGY & COMMODITIES
    • Article
      Lock icon Quakes near US oil hub raise concerns over storage security
      759 18 Injected wastewater has made Oklahoma second most seismically active state NYT New York A SHARP earthquake in central Oklahoma last weekend has raised fresh concern about the security of a vast crude oil storage complex, close to the quake’s centre,
      NYT  -  759 words
    • Article
      Lock icon Rio Tinto boosts iron ore output
      213 18 AFP Sydney AN GLO -AUSTRALIAN giant Rio Tinto on Friday reported a strong rise in iron ore production and shipments in the three months to September, drawing down on stockpiles as miners face weak commodity prices. The world’s second-largest miner said iron ore production
      AFP  -  213 words
    • Article
      Lock icon Strike averted at Alcoa’s Intalco smelter as union accepts deal
      411 18 Reuters London WORKERS at Alcoa’s Intalco Works aluminium smelter voted to accept the company’s final contract offer, staving off a second labour dispute at a US smelter this year as prices tumble below production costs. “The contract was accepted,” the
      Reuters  -  411 words
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      Lock icon Page 19 Advertisements Column 1
      1109 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF 3D INNOVATIVE DESIGN PTE. LTD. CO. REG. NO. *****8993W Notice is hereby given pursuant to section 296 of the Companies Act (Chapter
      1,109 words
  • TECHNOLOGY
    • Article
      Lock icon Silicon Valley IPO boom easing
      570 19 Some delays in going public can be attributed to the surge in funding from late stage investors Reuters San Francisco LAST year, many tech IPOs enjoyed soaring valuations in their Wall Street debut, raining cash on the companies and their investors and boosting concerns about
      Reuters  -  570 words
    • Article
      Lock icon US university wins patent suit against Apple
      481 19 It’s claiming US$400m in damages for using patent for improved chip efficiency Reuters New York AS A veteran of the global smartphone wars, Apple is used to courtroom battles with fierce competitors such as Samsung and Nokia. This week, however, a federal jury
      Reuters  -  481 words
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  • CONSUMER
    • Article
      Lock icon AB InBev-SABMiller deal: Rivals see local battles but no global war
      624 20 Observers call ‘megabrew’ merger end phase of consolidation in brewing industry Reuters Brussels THE prospect of a new competitor that produces one-third of an entire industry’s output would normally terrify rival companies, but brewing is different. The very local
      Reuters  -  624 words
    • Article, Illustration
      Lock icon Mattel’s revenue, profit miss estimates
      401 20 Re uters London MATTEL Inc reported quarterly revenue and profit that missed analysts’ estimates as sales of Barbie dolls fell again and a strong dollar ate into revenue from overseas markets. Shares of the company, which also reported weak sales in its Monster High business,
      Reuters; PHOTO: BLOOMBERG  -  401 words
    • Article
      Lock icon American Apparel sees bright future after bankruptcy
      340 20 Reuters Wilmington, Delaware IF American Apparel gets the bankruptcy turnaround it envisions, the fashion chain will soon have its most profitable years ever, according to court documents filed on Thursday. In a filing with the US Bankruptcy Court in Wilmington, Delaware, the company
      Reuters  -  340 words
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  • TRANSPORT
    • Article
      Lock icon China to build US$5.5 billion high-speed rail line in Indonesia
      659 21 Line from Jakarta to Bandung part of move to spur growth by building infrastructure Bloomberg Jakarta CHINA won the rights to build a US$5.5 billion railway line in Indonesia as the South-east Asian nation tries to upgrade its infrastructure to
      Bloomberg  -  659 words
    • Article, Illustration
      Lock icon SOS to rescue legendary US liner from scrap heap
      491 21 AFP Philadelphia IT WAS the fastest, most luxurious ocean liner of its day, and whisked the likes of Marilyn Monroe, Coco Chanel, Marlon Brando and four US presidents across the Atlantic. But now the SS United States sits derelict in a
      AFP; PHOTO: AFP  -  491 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Factory output falls in latest sign of weak growth
      526 22 Manufacturers hurt by bloated inventories, strong dollar LATEST US DATA Bloomberg Washington FACTORY output fell in September for a second month as high inventories and lukewarm demand from overseas customers kept American producers bogged down. The 0.1 per cent drop at
      Bloomberg; PHOTO: BLOOMBERG  -  526 words
    • Article
      Lock icon Global slowdown in real danger of persisting: economists
      798 22 Reuters London THE global economic slowdown shows a clear risk of extending into next year, along with an even more prolonged period of disinflation, according to the overwhelming majority of nearly 300 economists polled by Reuters around the world. That threat, flagged
      Reuters  -  798 words
    • Article
      Lock icon China’s private education booms
      657 23  -  Many prefer a more open education environment to enter a foreign university, get better jobs By Virginie Mangin btworld@sph.com.sg Beijing AMY LIN, a Taiwanese based in Beijing, and her husband did not hesitate for a second to pay the US$20,000 or so annual tuition fees for
      657 words
    • Article
      Lock icon China economy may be bigger than thought
      178 23 Bloomberg Beijing WITH China set to announce its third-quarter gross domestic product (GDP) report on Monday, scepticism over its economic data is arising anew. Recall that Bill Gross has described China as “the mystery meat of emerging-market countries”. Premier Li Keqiang, before taking
      Bloomberg  -  178 words
    • Article, Illustration
      Lock icon Arduous budget ahead for Najib
      753 24  -  Devalued ringgit has made nearly everything costlier given Malaysia’s high import bill By Pauline Ng btworld@sph.com.sg Kuala Lumpur AS daily living costs soar amid slumping commodity prices, a feeble currency, and weak business and consumer sentiment, crafting Malaysia’s Budget 2016 to the satisfaction of the
      PHOTO: BLOOMBERG  -  753 words
    • Article
      Lock icon Abe urges Japan Inc to raise capital "investments, staff wages
      449 24  -  By Anthony Rowley btworld@sph.com.sg Tokyo AS Japan’s economy flirts with its second recession in the space of a year, Prime Minister Shinzo Abe on Friday urged business leaders to step up capital investment and also investment in human resources, with
      449 words
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      94 23 151 Download the new Business Times apps for free. < 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
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      96 25 The Integration Cup is back with a new name... tabla! cup 2015 is going to be bigger and better.., and the game will end with a gala Deepavali dinner Hole-in-one prize Audi A8 Attractive goodie bag Lots of lucky draw prizes 2015 Deepavali Night Gala Dinner 2015 0 Tuesday, 27
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  • Page 26 / 27 Miscellaneous
  • OPINION
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      Lock icon Smart technologies bring new risks
      1143 26 / 27  -  Insurers need to determine the exposures businesses will face. By Matt Harris The writer is chief executive of AIG Asia Pacific Insurance SINGAPORE is gearing up to become the world’s first Smart Nation with the government embarking on initiatives that harness technology to improve lives
      PHOTO: AFP  -  1,143 words
    • Article
      Lock icon End of safe-harbour deal: S’pore’s position
      852 26 / 27  -  By Wun Rizwi, Jack Ow The writers are respectively partner and senior associate of the Intellectual Property Technology Practice at RHTLaw Taylor Wessing LLP IN June 2013, Maximillian Schrems, a 27-year-old Austrian citizen and regular Facebook user, asked the Irish Data Protection Commissioner to
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Ups and downs for hedge funds
        1015 28 / 29  -  Two prominent macro funds have shut down after double-digit losses yet others have made double-digit gains for their investors. By Alexandra Stevenson By Alexandra Stevenson NYT IT HAS been a bad stretch for hedge funds that make bold bets on big economic trends. Two
        NYT; PHOTO: REUTERS  -  1,015 words
      • Article
        Lock icon BROKERS' TAKE
        622 28 / 29  -  Compiled by Andrea Soh Keppel DC Reit Buy Oct 16 close: S$1.045 Fair value: S$1.24 OCBC Investment Research, Oct 16 Keppel DC Reit reported its Q3 2015 results which met our expectations but was slightly above management’s IPO forecast. It raised its occupancy rate from 94 per cent
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        Lock icon Feeling the pain from investment fees
        1445 30 While mutual fund expenses have fallen, analysts say the fees are still taking too much out of investors’ returns NYT MUTUAL fund expenses can take a big bite out of shareholders’ returns. That bite, on average, is shrinking, but academic and industry experts say
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      314 31 CRYPTIC CROSSWORD Across 1 The Samurai cast is unprofessional (10) 6 A religious sitcom returning as a police TV drama (4) 9 Match award to be brought back? It’s a theme you might hear more than once (5) 10 No time to study arbitration (9) 12 Nice point for a
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  • LIFE & CULTURE
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      Lock icon Four artists awarded Cultural Medallion
      634 31  -  Groundbreaking works in the arts are honoured By Helmi Yusof helmi@sph.com.sg @HelmiBT THE four artistic trailblazers who received the 2015 Cultural Medallion certainly prove that the path to creating great art is more often than not filled with serious obstacles. Playwright Haresh Sharma, avant-garde musician
      PHOTOS: NAC  -  634 words
    • Article
      Lock icon UEFA wants fast decision in the case of Platini
      306 31 Reuters Nyon, Switzerland EUROPEAN soccer’s governing body UEFA called for a rapid decision in the case of its suspended president Michel Platini on Thursday and said the Fifa presidential election, which he is contesting, should go ahead in February as planned.
      Reuters  -  306 words
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      113 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
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      62 1 LivingBTTHE BUSINESS TIMES WEEKEND Oct 17-18, 2015 FRESH FACES World’s most complicated watch at the Watches and Wonders show L2-3 Reference ***** by Vacheron Constantin with 57 complications PHOTO: VACHERON CONSTANTIN STYLE Measure of a man L10-11 LIVING Service at a click L4-6 TRAVEL Living heritage L12 DINING Staying power
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  • BT Living
    • WATCHES
      • Article, Illustration
        Lock icon Fresh faces
        1633 2 / 3  -  The third iteration of the Watches and Wonders luxury show in Hong Kong saw the unveiling of key all-new pieces. By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT IT may have started out as the Asian offshoot of its much bigger Swiss sister, but Watches and Wonders (WW) is finding
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    • LIVING
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        Lock icon SERVICE AT A CLICK
        2248 4 / 5  -  At the rate online shops and service apps are mushrooming, you may never need to step out of your home ever again. A new round of online services takes care of needs you never even knew you had. By Rachel Loi By Rachel Loi rachloi@sph.com.sg @RachelLoiBT
        2,248 words
    • DINING
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        Lock icon A whole new world of cooking
        946 7  -  TWG Tea’s group executive chef David Thien explores the notion of tea gastronomy with a fresh menu. By Rachel Loi guest chef By Rachel Loi @RachelLoiBT rachloi@sph.com.sg CHEF David Thien has about 800 more ingredients in his food vocabulary than any other chef in
        PHOTOS: TWG TEA  -  946 words
      • Article, Illustration
        Lock icon Staying power
        1839 8 / 9  -  Live stations and open kitchen concepts are giving hotel restaurants an added edge as they raise the bar on their F&B offerings to cater to more discerning diners. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Ash Elm InterContinental Singapore, Level 1 Z6825-1008 American breakfast buffet,
        1,839 words
    • STYLE
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        Lock icon Measure of a man
        1559 10 / 11  -  Globally acclaimed made-to-measure services for men are no longer the sole preserve of Tinseltown’s leading men. By May Yip By May Yip THESE days, making a trip to Savile Row for a world-class suit worthy of the stars is not quite necessary. Instead, top tailors are
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    • TRAVEL
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        Lock icon Living heritage
        1069 12  -  Five turn-of-the-century shophouses in Penang have been given a new lease of life as a boutique hotel, reigniting the romance of Penang in the 1900s. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT ~The writer was a guest of Loke Thye Kee Residences WITH several conservation projects in his portfolio,
        PHOTOS: MINISTRY OF DESIGN  -  1,069 words
    • HEALTH
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        Lock icon Making good decisions for a bad heart
        1437 13  -  There is hope even for patients with severe blockage of all the three major heart arteries Michael Lim ~Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is currently a professor at Fudan University, Shanghai and the vice-president of
        FILE PHOTO  -  1,437 words
    • MOTORING
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        Lock icon WONDER WAGON
        712 14  -  The Audi RS6 is a super car disguised as a family estate model. By Samuel Ee samuelee@sph.com.sg ‘High-performance” need not always be cloaked in sensuous sheet metal and one perfectly practical example is the Audi RS6 Avant 4.0 TFSI quattro tiptronic. Easy to get in and out with
        712 words
      • Article, Illustration
        Lock icon From track to road
        749 15  -  The Lexus GS F may be a high-performance sedan but it promises a smooth drive to and from any circuit. By Samuel Ee samuelee@sph.com.sg FEW high-performance models can claim to be truly practical but the Lexus GS F is one of them. Never mind that the
        749 words
    • GOLF
      • Article, Illustration
        Lock icon On the road to Turkey
        756 16  -  A team to represent Singapore at the World Amateur Golfers Championship 2015 next month will be chosen after Tuesday’s national qualifying finals here. By Justine Moss WHEN the players in Team Singapore tee off at the World Amateur Golfers Championship (WAGC) 2015 in Turkey next
        PHOTOS: THE NEW PAPER  -  756 words
      • Article, Illustration
        Lock icon New off-the-course footwear
        191 16  -  By Justine Moss FOOTJOY has long been renowned for producing some of the most comfortable and best-performing golf shoes on the market such as Dryjoys, M: Project, FJ Professional, Contour Series, empower and FJ LoPro. Now for the first time in South-east Asia, they have launched two
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      778 6 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard, Level 5Z6845-1118 Why so Hairy my Crabbies The Shanghainese know it is autumn when this mitten-wearing crustacean fills the markets and restaurants; Peach Blossoms has air-flown our autumn delicacy for new and repeat diners to enjoy this season. Whatever
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