The Business Times, 23 October 2015

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Total Pages: 36
1 36 The Business Times
  • 31 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Friday, October 23,2015
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  • Article, Illustration
    238 1 The Maritime Port Authority is looking to award more than one liquefied natural gas bunkering licence in the next two years, chief executive Andrew Tan says. TOP STORIES 4 Far East Hospitality unveils plans to grow its Oasia Brand next year, with the opening of three more hotels
    238 words
  • 29 1 MARKETS Thursday Change STI 3,038.11 +12.41 KL COMP 1,705.09 -2.02 NIKKEI 225 18,435.87 -118.41 HANG SENG 22,845.37 -143.85 SHENZHEN B 1,139.85 +20.16 DOW (11:45 am EDT) 17,390.88 +222.27
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  • 883 1  -  Tharman says S$20m set aside to coordinate deliveries to malls, and S$15m to try out automated guided vehicles in warehousing By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Singapore government will test out new forms of technology to sharpen the competitive edge of the logistics
    BTGraphics Source: IDA, Spring  -  883 words
  • 479 1  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore ABOUT six in 10 small and medi-um-sized enterprises (SMEs) in Singapore rely on bank loans for financing, leaving the other four in 10 unserved by financial institutions. A Visa and Deloitte Digital SME Banking Study,
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  • Page 1 Advertisements

  • TOP STORIES
    • 1090 2  -  Major pacts include China’s stake in Hinkley nuclear power plant and agreement on cyber-espionage By Neil Behrmann btworld@sph.com.sg London TRADE and investment deals worth £40 billion (S$86 billion) sealed between China and Britain have helped lift the sterling against
      PHOTO: BLOOMBERG  -  1,090 words
    • 553 2 The bank will want to see what else can be done to tackle weak inflation and boost economic recovery REUTERS Valletta THE European Central Bank left interest rates and its money-printing programme unchanged on Thursday and president Mario Draghi said it would
      REUTERS  -  553 words
    • 792 2  -  It employs about 1,000 people in the region who handle transaction banking, including 300 in the front line By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore MULTINATIONALS are pouring investments into South-east Asia, building factories and setting up distribution outlets eager to tap
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    • 691 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Maritime Port Authority (MPA) is looking to award more than one liquefied natural gas (LNG) bunkering licence in the next two years, its chief executive Andrew Tan has said.
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    • 573 4  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A SURPRISINGLY strong performance in its mass gaming segment has helped Marina Bay Sands (MBS) rake in its best quarterly performance in this area ever since the integrated resort opened here five years ago. It delivered
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    • 628 4  -  With weak manufacturing outlook and a supply glut, landlords are expecting softening trend to continue By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PRICES and rentals of industrial space continued to soften in the third quarter of 2015, pressured by a weak manufacturing outlook
      Source: JTC  -  628 words
    • 654 6  -  This will add over 700 rooms to its growing portfolio in Singapore and Malaysia; firm to also expand in Europe By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FAR East Hospitality (FEH), the hospitality arm of Singapore-listed Far East Orchard, has unveiled plans
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    • 305 6  -  The Samsung C&T Corp and Koh Brothers JV will convert an existing 3rd runway for civil-military use By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore CHANGI Airport Group (CAG) has awarded a S$ 1.12 billion contract to a joint venture formed by Samsung C&T
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    • 687 6  -  Survey finds that Asians are given more freedom to pick airlines and hotels, and to extend work trip for leisure By Natalie Koh natksl@sph.com.sg @NataliekohBT Singapore ASIAN business travellers today have more autonomy in business travel, and often blur the lines between
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    • 625 6 AFP New York THE legendary Italian racing car Ferrari brought its trademark roar to Wall Street on Wednesday and fans followed suit, its shares easily overtaking the initial public offering (IPO) price. The New York Stock Exchange was decked out in
      AFP; PHOTO: REUTERS  -  625 words
    • 490 6 REUTERS London OIL majors are expected to post the worst set of earnings since the onset of the sector’s downturn, with writedowns likely to dominate headlines as companies respond to a further drop in the price of crude in the third quarter.
      REUTERS  -  490 words


  • Page 4 Advertisements
    • 33 4 GEOX SHOPS: CENTREPOINT #01 -22/23/24 GREAT WORLD CITY #02-19 ION ORCHARD #82-47 MARINA SQUARE #02-127/128 PARAGON #03-50 RAFFLES CITY #02-27/28 SUNTEC CITY #01 -415/417 VIVOCITY #01 -125/126 WESTGATE #01 -35 DEPARTMENT STORE: TAKASHIMAYA
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  • COMPANIES & MARKETS
    • 440 8  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore INDUSTRIAL landlord Cambridge Industrial Trust posted lower distributions for the third quarter despite a double-digit rise in net property income. Distribution per unit (DPU) fell to 1.204 Singapore cents for the three months to Sept 30, down 3.7 per
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    • 783 8  -  Pressing need to attract large-cap, big-name listings to inject interest in local stocks HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT IT has been suggested a few times over the past year that the authorities reconsider the restriction on dual-class listings, a suggestion
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    • CORPORATE DIGEST
      • 94 8 THE newly enlarged EMS Group –a result of the merger of Singapore-listed EMS Energy and Koastal Group has signed a binding letter of intention (LOI) with an Asia-based shipyard worth US$570 million. The LOI is for the supply, testing and commissioning of up to six sets of major
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      • 42 8 SIM Lian Group issued a profit warning, saying that based on preliminary review, it is expected to post a significant reduction in pre-tax profit and a net loss for the first quarter ended September 2015 from a year ago.
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    • 393 10  -  Conditional binding offer to buy 49% stake for RM218 million By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SATS Ltd has lobbed a conditional binding offer on Wednesday to buy a 49 per cent stake in a Malaysian airline catering firm from Bursa Malaysia-listed Brahim’s Holdings
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    • 352 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore A-REIT posted a total amount available for distribution of S$100.2 million for the second quarter ended September, up 14 per cent year-on-year. This resulted in a 13.7 per cent increase in distribution per unit (DPU) to 4.16 Singapore cents,
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    • 394 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SHENG Siong Group on Thursday posted an 18.7 per cent growth in net profit for its fiscal third quarter on the back of new-store sales and higher operating margins. Net profit in the three months ended September rose
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    • 436 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HIGHER revenue and net property income from the completion of Suntec City Phase 3 and a capital distribution of S$4.6 million helped lift Suntec Real Estate Investment Trust’s distributable income by 9.2 per cent year-on-year for the
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    • 678 12  - Shares end higher but on low volume Excluding trading in STI stocks, the average value per unit done was firmly in penny stock territory STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A MODEST rise in the Dow futures and a firm session in Shanghai on Thursday helped put 12.41 points on
      Source: Bloomberg  -  678 words
    • 306 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 +5 245/241 271 213 6 6199.6 CapitaLand 309 +2 311/307 379 267 11.3 2.9 *****.2 CapitaMall Trust 203 cd -2 205/202 228 184.5 5.3 7044.9 CityDev 824 +6 826/818 1095 759
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    • 35 12 VOLUME APAC Strategic 81,695,900 Rowsley 70,814,400 Informatics 66,750,800 Rowsley W*****3 55,628,500 Genting Sing 55,580,300 Market volume 1,372,498,000 VALUE DBS Grp 46,710,983 Singtel 46,704,342 Genting Sing 45,503,340 UOB 28,752,750 CapitaLand 24,865,253 Market value 682,005,000
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    • 106 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 308 +1 389 309/306 355/280 308/309 Nikko AM STI ETF 313 +1 299 315/313 422/283 313/315 7.5 UETF SSE50China 228 +1 84 231/228 340/151 226/231 71.3 DBXT MSTaiwan US$ US1993 83 -/-2392/1788 2002/2007 11.3
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    • 77 12 Oct 22 VALUE CLOSE BT OB/OS 521.00 +144.00 BT CADI -*****.00 +52.00 BT 10-day MA -*****.00 +52.00 FTSE ST Mid Cap 705.26 +3.33 FTSE ST Small Cap 430.00 +2.02 FTSE ST All Share 732.05 +1.71 FTSE ST China Top 181.84 +1.05 FTSE ST China 223.22 +0.32 FTSE
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    • 35 12 STI FTSE ST All-Share ftse ST All-Share index Oct 22,2015 732.05 +1.71 (+0.23%) Current streak 2 days Day high 733.48 Day low 730.35 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • 33 12 STI MSCI EAFE MSCI EAFE Index Oct 21,2015 1,758.67 +7.47 (+0.43%) Current streak 1 day Day high 1,763.76 Day low 1,750.19 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 2 0 0 0 6 5 2 Manufacturing 40 34 27 9 11 6 49 45 33 Commerce 24 12 8 7 4 4 31 16 12 Tpt/Stor/Comms 13 13 11
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    • 121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,525 8,525 33,600 33,600 Manufacturing 166,643 61,144 227,787 73,908 4,836 78,745 Commerce 58,200 95,434 153,634 57,390 5,938 63,328 Tpt/Stor/Comms 66,374 1,678 68,052 93,426 151 93,577 Finance 28,019 242 28,261 109,060 32 109,091 Construction 37,021 16,380
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    • 73 12 BY CENTS CLOSE UP 52w high/low DBXT E50 US$ 5000 278.5 4.2 5300/4350 Lyxor EM Mkt US$ 915 69.6 5.8 1104/824 B&M Trustees 610 30.0 5.2 630/320 UOB 2023 13.0 0.6 2505/1820 DairyFarm USD 644 12.5 1.4 977/593 BY PERCENTAGE CLOSE UP 52w high/low Albedo W*****9 0.7 75.0 0.3
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    • 74 12 BY CENTS CLOSE DOWN 52w high/low JSH USD 2872 -122.5 -3.0 3703/2611 GLD US$ ***** -103.0 -0.7 *****/***** DBXT ASX200 US$ 3288 -72.4 -1.6 4095/3112 JMH USD 5301 -71.0 -1.0 6788/4502 DBXT CSI300 US$ 919 -57.1 -4.3 1471/700 BY PERCENTAGE CLOSE DOWN 52w high/low APAC Strategic 1.5 -53.1 -1.7
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    • 79 12 VOL CLOSE($) CHANGE Informatics 66,750.8 0.055 +0.016 +41.03 APAC Strategic 81,695.9 0.015 -0.017 -53.13 Luxking 1,293.8 0.030 -0.007 -18.92 ISR Capital 16,725.2 0.009 +0.002 +28.57 Dutech 733.0 0.295 +0.020 +7.27 ChinaSing Inv 30.0 0.010 -0.003 -23.08 Next-Gen Sat 11,740.0 0.005 +0.001 +25.00 Sapphire 5,355.2 0.103 +0.010 +10.75 Transcorp
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    • 378 12  -  Compiled by Claire Huang First Reit Add Oct 22 close: S$1.34 Target price: S$1.49 Phillip Securities Research, Oct 22 FIRST Reit has announced a joint arrangement and asset swap deal with PT Lippo Karawaci Tbk (First Reit’s sponsor). The asset swap deal involves divestment of existing Siloam Hospital
      378 words
    • 16 12 DATA I 1pm Singapore Consumer Price Index I Oct 23 Singapore Real Estate Statistics (quarterly)
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    • 456 13 CURRENCIES REUTERS London THE euro hit a one-month low against the British pound on Thursday after the European Central Bank kept policy unchanged as expected, with the focus turning to whether ECB president Mario Draghi will try to talk down the
      REUTERS  -  456 words
    • FOREX RATES
      • Article, Illustration
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      • 470 13 Oct22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.947 4.586 0.638 5.592 46.958 98.744 0.863 8.217 3.096 1.068 75.348 33.653 1.005 9.798 0.693 23.431 25.694 0.467 0.722 Canada 1.056 4.841 0.673
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      • Article, Illustration
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      • 155 13 Oct 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0043 1.0052 0.7213 0.7218 Canadian dollar 1.0603 1.0609 0.7618 0.7615 Euro 1.5752 1.5760 1.1313 1.1317 NZ dollar 0.9406 0.9414 0.6755 0.6760 Sterling pound 2.1508 2.1514 1.5447 1.5449
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      • 22 13 Oct 22 S$ Bid Offer 1-month 1.3934 1.3938 2-months 1.3946 1.3952 3-months 1.3959 1.3965 6-months 1.3986 1.3992 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 383 13 Oct 22 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 9920.00 *****.00 9900.00 *****.50 *****6 *****0 Nov15 9890.00 *****.00 9885.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar16 *****.00 *****.00 *****.00 *****.00 76 750 MSCI TAIWAN
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      • 208 13 Oct 22 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.7 0.9 ***** 1 18 12 DBS MB eCW*****1 12.6 -0.6 5545 0.1 1860 4 Tritech Group Limited W*****9 1.1 -0.1 2985 1 20
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      • 373 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 21 Index Change Change Change Change Change Change World Preliminary 1274.7 0.2 -0.1 0.4 3.4 0.2 -1.7 EAFE Preliminary 1008.3 0.5 2.2 0.6 4.2 0.4 -0.9 Europe Preliminary 1405.9 0.1 1.7
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    • BANK RATES
      • 154 13 Oct 22 $S Offer Bid 0vernight 0.10 0.05 1-month 0.875 0.750 2-months 0.9375 0.8125 3-months 1.00 0.875 Overnight mode: 0.10 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • 69 13 Oct 22 Oct 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.42 5-Year N*****0S 2.000 01-Jul-20 100.76 100.88 100.76 10-Year NX*****Z 2.375 01-Jun-25 99.21 99.35 99.15 15-Year NZ*****F 2.875 01-Sep-30 101.87 102.15 101.70 20-Year NZ*****V 3.375 01-Sep-33 108.94
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    • AGRI METALS ENERGY
      • 193 13 Oct-21 Price Net change change Last Trade Agricultural Oct-21 CBOT Soybeans (US cents/bu) 905.25 9.25 1.03% 13/11/2015 CBOT Soybean Oil (US cents/lb) 29.18 0.52 1.81% 14/12/2015 CBOT Wheat (US cents/bu) 494.75 3.50 0.71% 14/12/2015 Oct-21 LIFFE Cocoa (£/tonne) 2145.00 -32.00 -1.47% 14/12/2015 LIFFE Coffee (US$/tonne) 1553.00 -4.00 -0.26%
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      • 57 13 OCt 22 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2295.0 2294.0 2303.0 2274.0 185 4795 Dec 15 2335.0 2327.0 2346.0 2312.0 4785 ***** Jan 16 2375.0 2367.0 2386.0 2352.0 ***** ***** Feb 16 2409.0 2398.0
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    • 577 14  -  Nine-month earnings dip 3.4%; results creditable given strong headwinds, says CEO loh Chin Hua By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Corporation’s third-quarter net profit fell 12.4 per cent to S$362.9 million, from S$414.2 million a year ago, amid a challenging global environment.
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    • 465 14  -  Q3 profit dives 76% to S$32m; nine-month earnings down 36% By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEMBCORP Marine posted a 17 per cent year-on-year decline in group revenue from S$4.4 billion to S$3.6 billion for the nine months to September, on lower revenue
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    • 611 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SLOWING rental reversions and a recent minor run-up in price for CapitaLand Mall Trust (CMT) may have been on investors’ minds on Thursday even as the trust posted a higher third-quarter distribution per unit (DPU).
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    • 568 14  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore HIGHER rental revenue helped lift fourth-quarter distribution for mall owner Frasers Centrepoint Trust (FCT), but a plausible shake-up in tenant mix across its portfolio had analysts mulling its impact on the real estate investment trust’s performance.
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    • 1980 15 Transaction date: Oct 22 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 138.5 -0.5 249 139.5 138.5 1 8 879 34 18.6 AP Oil
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    • 405 15 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol 1 0.3 t Advanced Systems 0.5 unch 3313 0.6 0.5 13.2 High Day Low Div C'vr GrYld Net P/E MCap 35 50 32 t Atlantic Nav t
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    • 114 15 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2750 DBXT China50 US$ US3167 -11 2 3167 3165 8.7 Day 1750 1151 DBXT MSCHINA US$ US1318 -4 5 1318 1318 Div 1508 990 DBXT MSMSIA
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  • Page 8 Advertisements
    • 1500 8 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Third Quarter and Nine Months 2015 Financial Statement 1. UNAUDITED RESULTS FOR THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2015 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the
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  • Page 10 Advertisements
    • 253 10 A :t=o LNG o oro n 4 SINGAPORE PAVILION GASTECH 2015 27-30 October 2015 Hall 6, Singapore EXPO Singapore Oil Gas and Offshore Engineering Sectors Diverse Capabilities, Customised Solutions Organised by Supported by ASMI \Z ASSOCIATION OF SINGAPORE MARINE INDUSTRIES i3 Singapore Driving Singapore's External Economy SPRING Singapore Enabling Enterprise
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  • Page 14 Advertisements
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    • 309 14 How do you garner superior performance for your investment portfolio? The answer may not be obvious, but it’s imperative: you have to assemble a portfolio that’s different from those held by most other investors. Key Learning Points Transform your Trading with New Strategies Money Management Techniques. Orientating your behaviour to
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  • Page 15 Advertisements
    • 70 15 Access the world Capture opportunities in global stock markets with Exchange Traded Funds. Find out more at sgx.com/etf Singapore Exchange This advertisement has been published for general circulation only. It is notUT! offertir solicitation to buy or sell,*or financial advice or recommendation In relation, to any nvestment product. Advice should
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  • BANKING & FINANCE
  • Page 16 Advertisements
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  • ENERGY & COMMODITIES
    • 580 18 Need for gas-fired generation and lack of dispatchable renewable generation may increase price volatility BLOOMBERG New York WHEN the sun starts to set in California, there is one thing that you can count on: thousands of megawatts of natural gas-fired power plants
      BLOOMBERG  -  580 words
    • 502 18 BLOOMBERG London THE UK can cut three-quarters of the carbon emissions that it is producing from making electricity without driving up bills too much by deploying more clean-energy technologies, the government’s climate change adviser said. Investments that are planned in
      BLOOMBERG  -  502 words
    • 364 18 BLOOMBERG New York PRECIOUS metals are once again enticing investors. After ignoring the assets for most of the year, investors added US$393 million to US exchange-traded funds backed by precious metals this month through Oct 20, on course for
      BLOOMBERG; PHOTO: REUTERS  -  364 words
  • Page 18 Advertisements
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  • TECHNOLOGY
    • 594 19 It will provide tools to analyse usage data and allow better integration with third-party apps, websites AFP San Francisco TWITTER chief executive Jack Dorsey said on Wednesday that the struggling messaging platform is in the midst of “rebooting” as it seeks to fulfil
      AFP  -  594 words
    • 444 19 AFP Laguna Beach, California CHINESE smartphone maker Xiaomi is aiming for a future as an Internet company with the potential to cross swords with titans such as Alibaba. Xiaomi co-founder and CEO Bin Lin on Wednesday shared a vision of a future that
      AFP; PHOTO: REUTERS  -  444 words
    • 469 19 Amid the slowing global growth, investors likely to demand a premium from a sector prone to disruption BLOOMBERG New York AN M&A frenzy in the tech world is creating a dilemma for investors already being asked to fund a record volume of deals elsewhere: how
      BLOOMBERG  -  469 words
  • Page 19 Advertisements
    • 2613 19 DATAPULSE TECHNOLOGY DATAPULSE TECHNOLOGY LIMITED (Incorporated In The Republic Of Singapore) Company Registration No. *****2677D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the thirty-fifth annual general meeting of Datapulse Technology Limited (the "Company”) will be held at Furama Riverfront, Venus 1, Level 3, 405 Havelock Road, Singapore
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  • Page 20 Advertisements
    • 2191 20 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 234 20 In the Matter of The Companies Act, Cap. 50 And In the Matter of (1) ACRJ ONE INVESTMENTS PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****4723G) (2) RAV ONE PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****5154Z) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN
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    • 695 20 UOL GROUP LIMITED Company Registration No. *****0438C (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate has been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares HoHanKeng *****00-0 1,352 Notice is also hereby given that new share certificate
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  • CONSUMER
    • 826 21 One leading consultant says the case will rock corporate world to its very core, throwing tax planning into disarray REU TERS Brussels THE European Commission ruled on Wednesday that Starbucks Corp and Fiat Chrysler Automobiles benefited from illegal tax deals with the Dutch
      REUTERS  -  826 words
    • 675 21 AFP New York YOUTUBE on Wednesday announced a new paid subscription service that would eliminate advertisements as the video service behemoth looks to better tap its vast commercial potential. YouTube, which is owned by search engine giant Google and claims more than
      AFP; PHOTO: REUTERS  -  675 words
  • Page 21 Advertisements

  • TRANSPORT
    • 662 22 Kamco exec points to oversupply of ships, difficulty in getting loans from credit market, lack of bank investment BLOOMBERG Singapore ALFRED Kim, the man in charge of helping salvage South Korea’s shipping industry at the state-funded bad loan company, does not
      BLOOMBERG  -  662 words
    • 765 22 REUTERS New Delhi JAPAN has offered to finance India’s first bullet train, estimated to cost US$15 billion, at an interest rate of less than one per cent, officials said, stealing a march on China, which is bidding for other projects on
      REUTERS; PHOTO: REUTERS  -  765 words
    • 627 22 BLOOMBERG Chicago BOEING Co reassured investors that the aerospace market remains robust after raising its full-year profit forecast amid rising jetliner deliveries and a slowdown in 787 Dreamliner costs. The results on Wednesday showed Boeing’s factories are operating in high gear,
      BLOOMBERG  -  627 words
    • 366 22 BLOOMBERG Beijing CHINA is considering combining some operations of the nation’s three biggest airlines as part of a broad reform of its state-owned enterprises, people familiar with the plans said. A plan to merge the cargo operations of Air China
      BLOOMBERG  -  366 words
    • 456 22 REUTERS Busan, South Korea BULK freight rates are set to remain under pressure, as cooling commodity demand coincides with a bigger vessel fleet, increasing the pressure for consolidation in the sector, industry analysts said. Sokje Lee, executive director for Korea at
      REUTERS  -  456 words
    • 2100 30 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 28/10 29/10 2/11 PRECIOUS CORAL 001 60 28/10 30/11 3/11 5/11
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  • REAL ESTATE
    • 546 23  -  Some 83% of respondents say cooling measures should be lifted or tweaked over the next 6 months By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SENTIMENT among developers here weakened in the third quarter of this year, going by the Real Estate Sentiment Index
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    • 358 23 STRAITS TIMES ONLINE Singapore SINGAPORE’S sovereign wealth fund GIC announced on Thursday that it has partnered New York-based real estate company Tishman Speyer to co-own an office development project in Hyderabad, India. The partnership will be in the form of a 50-50 joint
      STRAITS TIMES ONLINE  -  358 words
    • 504 23 BLOOMBERG Shanghai SHANGHAI has halted six land auctions since Oct 12, as officials seek to rein in the property market after the government’s loosening of curbs triggered surging prices. The city on Oct 12 called off an auction for a plot
      BLOOMBERG  -  504 words
    • 542 24 Economists see fall in prices over next 2 years due to more supply and lower-than-expected population growth BLOOMBERG Sydney SYDNEY’S housing boom is over, according to online real estate listing firm Domain. House prices grew just 3.2 per
      BLOOMBERG; PHOTO: REUTERS  -  542 words
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    • 100 23 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 A CA R FO R E V E RY PUR SE PURP OSE 7 AND 8 NOVEMBER 201 5
      100 words

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    • 714 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED BUT IT SEU IT FIND IT D04 HOUSE FOR SALE SENTOSA Sentosa Waterway Bungalow 3½ storey, 8159 sf. 6+1 ensuite, 2 living rooms, pool, lift, berth. Owner 9144 0027/ 8101 3377 D04 HOUSE FOR SALE SKYLINE RESIDENCES FIRE
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    • 210 24 D09 APARTMENT FOR SALE SOMERSET New! Somerset MRT. Freehold. Single Duplex. High Ceiling. 1-3 bdrms. 592-2422 sqft. Owner 8101 3377 9144 0027 D09 APARTMENT FOR SALE URBAN SUITES Cheap! Freehold. 3 bedrooms. 1550sqft. Luxurious. Very high floor. Quiet facing. Unblock! With Heritage. Mins to Somerset MRT. Good location! Serious seller!
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  • Page 25 Advertisements
    • 301 25 D10 HOUSE FOR RENT 1 JALAN JELITA 4100/ 5090 sf. Newly rebuilt, prime location, near Holland V. Modern elegant design. 5+1. Large pool gdn. $18.5k. Also sale. Owner 9863 5635/ 9727 2996 www.wahkhiaw.com.sg D10 HOUSE FOR RENT DUCHESS ROAD 83 Duchess Road. Ramp access. 4200sf land/ 4600sf built up. Rebuilt.
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    • 274 25 D03 APARTMENT FOR RENT METROPOLITAN Immediate. High floor. 2+maid. Partial/ fully furn. Very high floor. 1 min to MRT. Chan 9857 1412/ 8218 7858 D10 APARTMENT FOR RENT THE OLIV New! The Oliv. 4+1 bedroom. 6m ceiling. Duplex 3337 sqft.. Sky Garden/ Penthouse 5339/ 6125 sqft. Owner 8101 6699 9144
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    • 635 25 D02 SHOP FOR SALE CRAIG ROAD Craig Road Shophouse. Exclusive street. Tasteful decor with sky garden, ample carpark. Tanjong Pagar MRT. Priced to sell! Don’t miss! Call 9735 8800 Historical Land D05 SHOP FOR SALE NEWest WEST COAST Last 18 units! All grd flr w/flr trap, water pt, road facing.
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  • VEHICLES & LIFESTYLE
    • 1419 26  -  By Adam Grant The writer is a professor at the University of Pennsylvania and a Martin Prosperity Institute fellow. NEW YORK TIMES O nce, work was a major source of friendships. We took our families to company picnics and invited our colleagues
      NEW YORK TIMES  -  1,419 words
  • Page 26 Advertisements
    • 100 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED BMW FOR SALE BMW X1 5/2012 BMW X1. Vicom Evaluated. OMV $30,607. COE $73,801. Service by agent. Subsidise up to $1000 for your insurance! Tel: 6841 7757 9620 0045 YONG LEE SENG MOTOR PTE LTD HONDA FOR SALE VEZEL ’X’ Model
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    • 79 26 TOYOTA FOR SALE TOYOTA ALLION 6/2008 Toyota Allion 1.5 Auto. 1 Owner only. Good Condition! In house loan Trade in available. Call 9696 6799 6555 3300 TOYOTA FOR SALE TOYOTA RUSH 10/2006 Toyota Rush 1.5 Auto. OMV $15,000. Sunroof. Well kept. Vicom Evaluated. Tel: 6841 7757 9620 0045 YONG LEE
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    • 82 26 ITEMS WANTED Highest offer for Old/ New Liquor wanted Martel/ XO/ Hennessy etc/ Korean Ginseng/ used Spoilt Elect items. Call now! *****092 PETS PET CARE KOI FARM Nippon Koi Farm Biggest, Cheapest And Largest in Singapore! No 51 Jln Lekar Tel 6763 1882 or visit website: www.nipponkoifarm.com DON'T TAKE YOUR
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    • 14 26 Buy It Sell It Find It Home in on the PROPERTIES IN THE MARKET
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  • GOVERNMENT & ECONOMY
    • 440 27 They increase 4.7% to annual rate of 5.55m units in September; this suggests continuing strength in housing market LATEST US DATA REUTERS AFP Washington US home resales rose more than expected in September to the sec-ond-highest monthly sales pace since February 2007, suggesting
      REUTERS; AFP  -  440 words
    • 804 27 BLOOMBERG REUTERS Jakarta INDONESIA will seek more funds from China to help drive economic growth after foreign investment stagnated last quarter. Foreign direct investment (FDI) was US$ 7.4 billion in July through September, unchanged from the previous quarter and down
      BLOOMBERG; REUTERS; PHOTO: AFP  -  804 words
    • 290 27 Kuala Lumpur THE Kuala Lumpur-Singapore high-speed rail project is expected to contribute RM100 billion (S$32.7 billion) to the gross domestic product (GDP), Malaysia’s Dewan Rakyat was told on Thursday. Minister in the Prime Minister’s Department Razali Ibrahim said that out of
      290 words
    • 562 27 REUTERS Kuala Lumpur MALAYSIA’S former premier Mahathir Mohamad conceded on Thursday that the chances of unseating Prime Minister Najib Razak before elections in 2018 are slim, despite his rallying cries for a “people’s power” movement to topple the country’s leader. The 90-year-old
      REUTERS  -  562 words
    • 585 27 BLOOMBERG Beijing CHINA has for the second time this month raised the possibility of taxing foreign exchange transactions as record capital outflows from the world’s second largest economy put pressure on the yuan. “We are currently studying measures including Tobin
      BLOOMBERG  -  585 words
    • 433 27 REUTERS Seoul LAST year, investment managers at South Korea’s National Pension Service (NPS), which oversees US$430 billion in assets, were looking to buy a portfolio of blue chip stocks from emerging markets including South-east Asia. The investment was to have been
      REUTERS  -  433 words

  • OPINION
    • 560 28 EDITORIAL FOR much of this year, the conventional wisdom on Wall Street has been that after seven years of loose monetary policy under which short-term interest rates were pushed to near zero, the US Federal Reserve would take the
      560 words
    • 866 28  -  THE BOTTOM LINE By Brad Peters T The writer is the chairman, founder and chief product officer of Birst EVERYONE’S talking about Big Data these days, but not everyone is sure just what Big Data actually is, how it would be of
      866 words
    • 1067 28  -  Comic books are influential vehicles for spreading American culture and values, even if they sometimes offend host countries. BY HARISH MEHTA countries.BY HARISH MEHTA T The writer, a former BT senior correspondent, is a historian who has taught at Canadian universities. This article is
      ILLUSTRATION: LUDWIG ILIO  -  1,067 words
    • 888 29  -  COMMENTARY By Chuck Whitten, Harshveer Singh T The writers are partners in Bain Company. Mr Whitten is from Bain’s Dallas office, and Mr Singh from the Singapore office. Follow @BainInsights on Twitter ARGUABLY, the single best way to ruin a CEO’s day is to
      888 words
    • 698 29  -  By Stefanie Kam T The writer is associate research fellow at the international Centre for Political violence and Terrorism Research, S Rajaratnam School of International Studies, Nanyang Technological University. She is a speaker at the inaugural APHS conference taking place from Oct
      698 words
    • 351 29  -  LETTER TO THE EDITOR Joyce Koh Executive Director Singapore institute of Directors I REFER to the letter headlined “Comply or risk breaching listing rules” by Mr Tan Lye Huat (BT, Oct 21). The Singapore Institute of Directors (SID), with the support of the Accounting
      351 words
    • 1031 29  -  People drive innovation, so skill sets must be widened as tech and finance converge. BY NITIN JAISWAL T The writer is head of Asean South Asia for Bloomberg LP AS the nation celebrates its Golden Jubilee, much has been written about the
      PHOTO: REUTERS  -  1,031 words


  • Page 30 Advertisements
    • 96 30 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 s|£i3hnaritime.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
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  • BT Lifestyle
    • 1650 31  -  Why the new S$532 million National Gallery Singapore may be a game changer for Singapore art and Singapore.BY Singapore.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT THE reality of any high-profile enterprise doesn’t always match the early hype. But this week’s sneak preview of National Gallery Singapore
      PHOTOS: AFP, NHB  -  1,650 words
    • CINEMA
      • 1028 32  -  Bona Film Group CEO Yu Dong says that the Chinese are making big strides in Hollywood and explains why the future looks bright for his firm. BY GEOFFREY EU BY GEOFFREY EU WHEN Matt Damon needs to be rescued from the Red Planet in
        1,028 words
      • 644 32  -  By Geoffrey Eu HIGH-WIRE artist Philippe Petit had a magnificent obsession to walk the airspace between the two towers of New York’s World Trade Center and pull off “the artistic coup of the century”. In The Walk, director Robert Zemeckis chronicles Petit’s absurd, audacious attempt to
        644 words
      • 567 32  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT SAPPY Taiwanese idol drama crosses over to the big screen in Our Times, a nostalgic coming-of-age high school rom-com that has become a surprise domestic box-office smash. Given the sizeable market for the genre, it’s no wonder the film
        567 words
    • ARTS
      • 657 33  -  Lin Lu Zai and Kwek Leng Joo create a fresh art format in Singapore. VISUAL ARTS BY CHEAH UI-HOON uihoon@sph.com.sg THE traditional format of Chinese flower-and-bird painting is easily recognised. There is some insect or animal amid flora, and then a poem or
        657 words
      • 500 33  - Choose-your-own-romance over dinner THEATRE By Helmi Yusof helmi@sph.com.sg @HelmiBT FANCY a three-course dinner at Zott’s True Alps and a chance to contemplate the true meaning of love? A group of talented theatre practitioners has created a play for adults that lets diners decide whether a romantic couple will stay together
        500 words
      • 602 33  -  DA:NS FESTIVAL 2015 By Cheah Ui-Hoon uihoon@sph.com.sg IT was more of a conversation and dialogue than just a dance. Torobaka was a wonderful collaboration between two dancers deeply rooted in their traditional art forms but yet embodying a contemporary mindset, and four musicians who
        PHOTO: JEAN-LOUIS FERNANDEZ  -  602 words
      • 630 33  -  By Cheah Ui-Hoon uihoon@sph.com.sg DOCUMENTARY and dance came together in surprising harmony in Choy Ka Fai’s SoftMachine where his interviews with contemporary dance artists done over the past three years were presented in a unique stage performance. Choy is an associate artist
        PHOTOS: BERNIE NG  -  630 words
    • WINE/MUSIC
      • 1098 34  -  Don’t be afraid to trust your own judgement, even to accept that you do not like a wine, whatever the star rating or iconic name. BY NK YONG name.BY NK YONG YOU are your own best judge. This has been said often
        PHOTO: NK YONG  -  1,098 words
      • 545 34  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THEY haven’t met each other yet but that’s hard to tell from the playful musical chemistry Andrea Bocelli and Karen Mok share on their duet of Cheek to Cheek. Recorded separately and then joined by technology, the latter still
        545 words
      • 525 34  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT NATIONAL Day might be over but the SG50 celebrations continue with the Philharmonic Winds paying tribute to Singapore and its founding Prime Minister, the late Lee Kuan Yew. Its upcoming concert, Singapore Compose! 2015, will feature five new pieces,
        525 words
    • CITY LIFE
      • 914 35  -  From the grand opening of Suntec City to pop-up designer fashion bazaars, your shopping needs are covered for the next two weekends. BY AVANTI NIM weekends.BY AVANTI NIM avantin@sph.com.sg SUNTEC CITY WITH a legacy of almost 20 years as one of the leading
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      • BT writers’ picks of what to see, do or talk about CITY BUZZ
        • 208 35  -  By Tay Suan Chiang DINING Singapore Restaurant week FOODIES, Singapore Restaurant Week returns again, but this time, you can do more than just eat. DiningCity, the organiser for Singapore Restaurant Week, is adding a social responsibility angle to raise S$ 100,000 for The Food Bank
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        • 146 35  -  DRINKS By Avanti Nim WHILE you may not have any control over the outcome of the game between Manchester United Masters and Liverpool Masters, one battle you might have more input in is online shopping and selling destination Lazada’s Battle of the Reds. Pitting wine
          146 words
        • 336 35  -  VIRTUAL GALLERY By Cheah Ui-Hoon WHY confine the art gallery to four white walls, and pay rent on that gallery space when you can actually reach out to thousands of smartphone users who pass by Marina Bay Sands every hour? Martell, the oldest of the great cognac houses,
          336 words
        • 152 35  -  CRAFT BEER By Rachel Loi CALLING all craft beer lovers the Singapore Craft Beer Week kicks off this weekend with a line-up of beer-related events from Oct 24 to 31. For this Saturday, you can take part in free tours of local breweries like LeVeL33 or
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        • 144 35  -  STAGE By Dylan Tan THE circus is back in town as Cirque du Soleil pitches its big top at Bayfront Avenue next to Marina Bay Sands. This time round, the Quebec-based troupe will be bringing along its production of Totem (below), a theatrical extravaganza that traces
          144 words
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  • Page 34 Advertisements
    • 28 34 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 34 Miscellaneous
    • 337 34 CRYPTIC CROSSWORD Across 1 Light diversion forcing father into response (10) 6 Fare available for soldiers out without protection? (4) 9 Converted coach without one must get criticised (10) 10 British Standard applied to Golden Globes (4) 12 Raise tail (4) 13 Cool girl fans do badly with no end
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