The Business Times, 28 October 2015
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2015-10-28
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The Business Times
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Title Section33 2015-10-28 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 Wednesday, October 28,201533 words
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Article, Illustration180 2015-10-28 1 Singapore’s new industrial structure will be shaped by technology and innovation-intensive activities, the central bank says, stressing the crucial role of intellectual capital in the next phase of development. TOP STORIES 2 Clean technology holds great potential for Singapore because of demand in the region, says Minister for180 words
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Article, Illustration582 2015-10-28 1 Kelly Tay - MAS says that calls to ease the Singdollar more aggressively are “clearly unwarranted” By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore A WEAKENING Singapore dollar is not on the policy agenda, the Monetary Authority of Singapore (MAS) signalled on Tuesday. In its twice-yearlySource: Monetary Authority of Singapore (MAS) - 582 words
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Article, Illustration1220 2015-10-28 1 Tan Hwee Hwee - BY Tan Hwee Hwee hweetan@sph.comsg @HWeetanBT Singapore KEPPEL Offshore Marine and Sembcorp Marine are eyeing shipbuilding orders from an expected uptick in small-scale liquefied natural gas activity. LNG shipbuilding is now within reach of Singapore yards due to demand for smallerPHOTO: BLOOMBERG - 1,220 words
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Article28 2015-10-28 1 MARKETS Tuesday Change STI 3,052.53 -30.54 KL COMP 1,696.95 -9.84 NIKKEI 225 18,777.04 -170.08 HANG SENG 23,142.73 +26.48 SHENZHEN B 1,161.90 -5.16 DOW (11.45am EDT) 17,610.46 -12.5928 words
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Page 1 Advertisements
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Advertisement19 2015-10-28 1 8 "*****1 *****4 In 5 er: is '5 3% IE’ CapItaLand $1 to launch Viet condos here REAL ESTATE/1419 words
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Advertisement30 2015-10-28 1 THE GOOD LIFE Things get cheaper for high net worth individuals EXECUTIVE MONEY 30 SIGNIFICANT DEALS SGX drops private notifications COMPANIES MARKETS 6 Reports on MAS macroeconomic review, Page 230 words
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Advertisement25 2015-10-28 1 T./L"“:_"'f‘e; ,r 7“ W’ Kr" L visharapova ‘Ii screams /«I-* past Halep LlFE&CULTURE/27 I w, Julius Bar YOUR PRIVATE BANK Singapore to Zurich (head office).25 words
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TOP STORIES
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MAS MACROECONOMIC REVIEW
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Article, Illustration468 2015-10-28 2 Kelly Tay - It will be a knowledge-based economy powered by technology- and innovation-intensive activities, says MAS By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S new industrial structure will be shaped by technology- and in-novation-intensive activities, the central bank said on Tuesday, as it stressed the crucialSource: Monetary Authority of Singapore (MAS) - 468 words
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684 2015-10-28 2 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ALTHOUGH domestic cost pressures, including higher wages, are expected to increase business expenses, Singapore’s central bank predicts that consumers will not bear the brunt of rising costs. But as the dampening effects from domestic budgetary684 words
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334 2015-10-28 2 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THERE is no strong correlation between how the housing market performs in Singapore and business cycles in the country. In addition, the housing market’s impact on the domestic labour market is also334 words
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637 2015-10-28 2 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE World Bank Group is expanding its Singapore office to create its first Infrastructure and Urban Development Hub. The expanded hub operation will provide services at the global level, employing more than 200 people637 words
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Article, Illustration640 2015-10-28 3 Jamie Lee - Policies must cut across disciplines and agencies to help S’pore through changes unfolding globally and at home By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore GOVERNMENT agencies must collaborate with one another as they navigate through hardening social class distinctions and the health-care640 words
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Article, Illustration587 2015-10-28 3 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE labour movement is shifting its focus in the next four years to show greater care for workers, get their bosses to be fair to them, and grow their careers. National Trades UnionFILE PHOTO - 587 words
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SINGAPORE ENERGY WEEK
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Article, Illustration978 2015-10-28 4 Andrea Soh - Regional demand will rise for cleantech, financing models and business structures that S’pore can develop, he says By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore WHILE not as large as electronics or petrochemicals today, clean technology (cleantech) holds great potential for Singapore because of the978 words
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1132 2015-10-28 4 Andrea Soh - By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore TEMASEK-BACKED Pavilion Energy is throwing its considerable heft behind a newly formed Singapore price index for liquefied natural gas (LNG), potentially accelerating the speed of change in a sector that is already expected to evolve1,132 words
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Article, Illustration906 2015-10-28 4 BLOOMBERG Washington PRESIDENT Barack Obama and top lawmakers from both parties reached a tentative budget agreement that would avert a US debt default and lower chances of a government shutdown, lessening years of political friction over fiscal policy in Washington.BLOOMBERG; PHOTO: REUTERS - 906 words
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244 2015-10-28 4 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PRIMUS Energy and Jereh have unveiled a partnership to market systems for gas to liquid (GTL) projects. The pair will jointly market and deploy systems using Primus’ proprietary STG+ process technology to244 words
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Page 3 Advertisements
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Page 5 Advertisements
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Advertisement82 2015-10-28 5 Imagine a bank where your interests really do come first. Imagine a bank combining global reach with local expertise. Imagine a bank that’s been looking forward for seven generations. Imagine a bank that manages and protects your family’s wealth. Welcome to Lombard Odier. LOMBARD OOIER LOMBARD ODIER DARIER HENTSCH Geneva82 words
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COMPANIES & MARKETS
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624 2015-10-28 6 Melissa Tan - But privy lists that companies need to maintain widened to include all material transactions By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore LISTED firms and their controlling shareholders will no longer need to privately tell the Singapore Exchange (SGX) about a significant transaction before624 words
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476 2015-10-28 6 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SMRT Corp reported a 1.9 per cent year-on-year increase in net profit to S$25.74 million for the second quarter ended Sept 30, 2015, as the bottom line was bolstered partly by higher share of profits from associates476 words
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Article, Illustration399 2015-10-28 6 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A FULL-quarter contribution from the recently-bought Myer Centre Adelaide and the stellar performance of its Singapore malls helped boost Starhill Global Reit’s fiscal first-quar-ter financial results. On Tuesday, it reported a 3.1 per cent increase in distribution perPHOTO: BLOOMBERG - 399 words
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Article611 2015-10-28 7 Cai Haoxiang - Factors include the haze, ringgit weakness and soft consumer sentiment in key markets By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore LIFESTYLE products group OSIM International on Tuesday reported its worst set of results since the second quarter of 2009, battered by currency turmoil in Malaysia and611 words
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403 2015-10-28 7 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FOLLOWING restructuring efforts, Grand Banks Yachts swung into the black with a net profit of S$1.22 million for the first quarter ended Sept 30, compared to a net loss of S$1.27 million a year403 words
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582 2015-10-28 7 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore VIVA Industrial Trust (VIT) achieved a 15.1 per cent year-on-year rise to S$ 11.6 million in third-quarter distributable income as net property income climbed 29.6 per cent to S$ 12.5 million. The growth582 words
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477 2015-10-28 8 Lee Meixian - Contribution from Sandhill Plaza, rental increase at Festival Walk and Gateway Plaza boost Reit’s performance By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CONTRIBUTION from newly bought Sandhill Plaza and rent increases at its two other commercial properties, Festival Walk and Gateway477 words
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872 2015-10-28 8 BLOOM BERG New York THESE days, it’s not enough to be the symbol of American capitalism. The New York Stock Exchange is going global and in a big way. In a trend that has swept stock markets around the world,BLOOMBERG - 872 words
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Article263 2015-10-28 8 Pictet-Absl Rtn Fxd Inc-HP EUR 22/10/2015 EUR 102,67 Pictet-Absl Rtn Glo Div-P EUR 22/10/2015 EUR 117,79 Pictet-Asian Equities Ex Japan-P USD 23/10/2015 USD 188,77 Pictet-Asian Local Currency Debt-P USD 23/10/2015 USD 143,80 Pictet-Biotech-P USD 22/10/2015 USD 693,02 Pictet-Clean Energy-P USD 22/10/2015 USD 76,10 Pictet-Digital Communication-P USD 22/10/2015 USD 225,92263 words
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CORPORATE DIGEST
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Article141 2015-10-28 8 BOOSTED by an income tax credit, Lion Asiapac turned in a profit of S$1.08 million for the quarter ended Sept 30, up from S$204,000 in the corresponding quarter a year ago. This was despite a 46 per cent slide in revenue to S$4.09 million as tepid market demand141 words
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Article102 2015-10-28 8 TEE land announced that its associate, Chewathai, has entered into a sale and purchase agreement with vendors Siriwan Phanichewa and Siriluk Phanichewa to acquire the freehold interest in a plot of land spanning about 6,544 sq metres in Bangkok for some 316.3 million baht (S$12.4 million). The plan102 words
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Article, Illustration717 2015-10-28 10 R Sivanithy - Addvalue Tech actively traded for second day; business school don says FOMC hawks will prevail, rates to rise 3.5-4% TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WEAKNESS in the Dow futures on Tuesday outweighed slight gains in Hong Kong and China, bringing pressure to bearSource: Bloomberg - 717 words
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Article307 2015-10-28 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 251 cd +5 252/246 271 213 5.8 6351.4 CapitaLand 318 +1 320/315 379 267 11.6 2.8 *****.9 CapitaMall Trust 205 cd -2 208/205 228 184.5 5.3 7114.3 CityDev 829 -11 842/827 1095307 words
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Article36 2015-10-28 10 VOLUME Noble 71,354,000 Addvalue Tech 64,286,200 Ezra 56,810,800 Jiutian Chemical 52,886,200 Golden Agri-Res 36,478,300 Market volume 1,462,655,000 VALUE DBS Grp 79,354,238 Singtel 72,198,968 OCBC Bank 48,682,204 UOB 44,334,617 JMH USD 44,136,176 Market value 961,735,00036 words
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Article108 2015-10-28 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 308 -5 172 313/308 355/280 308/309 Lyxor HSI US$ US287 -5 70 287/287 361/256 282/290 25 IS ASIA HYG US$ US1080 +24 69 1080/1061 1130/1007 981/1072 DBXT MSINDO us$ US1199 -1 42 1199/1184 1492/911108 words
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Article77 2015-10-28 10 Oct 27 VALUE CLOSE BT OB/OS 324.00 +16.00 BT CADI -*****.00 -144.00 BT 10-day MA -*****.00 +33.00 FTSE ST Mid Cap 713.13 -5.22 FTSE ST Small Cap 429.51 -3.46 FTSE ST All Share 736.92 -6.25 FTSE ST China Top 183.05 -1.64 FTSE ST China 225.38 -1.99 FTSE77 words
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Article, Illustration35 2015-10-28 10 STI FTSE ST All-Share ftse ST All-Share index Oct 27,2015 736.92 -6.25 (-0.84%) Current streak 1 day Day high 742.73 Day low 736.49 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)35 words
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Article, Illustration33 2015-10-28 10 STI MSCI EAFE MSCI EAFE index Oct 26,2015 1,779.25 +1.88 (+0.11%) Current streak 4 days Day high 1,784.93 Day low 1,774.84 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)33 words
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Article186 2015-10-28 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 9 4 0 0 0 1 9 4 Manufacturing 22 52 32 7 20 7 29 72 39 Commerce 15 18 21 2 12 2 17 30 23 Tpt/Stor/Comms 4 21 9186 words
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Article123 2015-10-28 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,686 14,686 46,115 46,115 Manufacturing 203,176 86,096 289,272 102,803 4,474 107,277 Commerce 100,042 102,988 203,030 107,021 4,669 111,690 Tpt/Stor/Comms 153,419 1,588 155,007 158,482 142 158,624 Finance 25,212 95 25,307 197,426 13 197,439 Construction 22,871 8,466123 words
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Article76 2015-10-28 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 515.0 1.8 *****/***** DBXT MSKorea US$ 5436 66.8 0.9 6246/4478 JSH USD 3010 55.7 1.3 3703/2611 IS ASIA HYG US$ 1080 33.4 2.3 1130/1007 Jardine C&C 3329 24.0 0.7 4269.7/2636 BY PERCENTAGE CLOSE UP 52w high/low ChinaSing Inv 2.176 words
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Article76 2015-10-28 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -128.1 -0.7 *****/***** JMH USD 5354 -64.0 -0.9 6788/4502 Lyxor ChinaH US$ 1490 -55.7 -2.6 2055/1250 DBXT MSTHAI US$ 1762 -39.0 -1.6 2300/1646 Great Eastern 2119 -32.0 -1.5 2600/1870 BY PERCENTAGE CLOSE DOWN 52w high/low Yongmao 9.1 -39.3 -5.976 words
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Article84 2015-10-28 10 VOL CLOSE($) CHANGE GDS Global 61.6 0.350 -0.060 -14.63 Addvalue Tech 64,286.2 0.068 -0.005 -6.85 Lasseters Intl 101.0 0.052 -0.008 -13.33 EMAS Offshore 4,978.6 0.245 -0.040 -14.04 ChinaSing Inv 4.1 0.021 +0.011 +110.00 China Taisan 20.0 0.160 +0.031 +24.03 Atlantic Nav 76.1 0.380 +0.010 +2.70 Jiutian Chemical 52,886.284 words
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Article465 2015-10-28 10 Claire Huang - Compiled by Claire Huang Ezra Holdings Trading buy Oct 27 close: S$0.124 Target price: S$0.33 RHB Research Institute Singapore, Oct 27 AT its results briefing, Ezra’s management surprised us by highlighting its target to return to paying dividends. Maintain “trading buy”, with a sum of parts-based S$0.33 target465 words
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407 2015-10-28 11 CURRENCIES AFP Tokyo THE yen rose in Asia on Tuesday ahead of a closely watched Bank of Japan (BOJ) policy meeting this week while traders bet the US Federal Reserve will delay an interest rate hike until early next year. With theAFP - 407 words
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FOREX RATES
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Article471 2015-10-28 11 Oct 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.955 4.604 0.656 5.616 47.069 98.845 0.873 8.205 3.093 1.070 75.713 33.858 1.009 9.913 0.712 23.582 25.720 0.472 0.725 Canada 1.047 4.820471 words
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Article155 2015-10-28 11 Oct 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0084 1.0099 0.7244 0.7250 Canadian dollar 1.0561 1.0570 0.7588 0.7587 Euro 1.5386 1.5401 1.1053 1.1056 NZ dollar 0.9428 0.9442 0.6773 0.6778 Sterling pound 2.1364 2.1387 1.5348 1.5353155 words
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Article22 2015-10-28 11 Oct 27 S$ Bid Offer 1-month 1.3932 1.3945 2-months 1.3945 1.3958 3-months 1.3959 1.3971 6-months 1.3989 1.4005 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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206 2015-10-28 11 Most active Oct 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****6 11.5 -1.5 ***** 0.2 995 6 Rowsley Ltd W*****3 3.3 -0.2 9125 1 18 12 DBS MB eCW*****1 11.8 -1.4 8027 0.1 1860206 words
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373 2015-10-28 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 26 Index Change Change Change Change Change Change World Preliminary 1301.9 0.0 2.0 -0.3 4.8 0.0 -0.2 EAFE Preliminary 1035.4 0.0 4.9 -0.2 5.3 0.1 0.2 Europe Preliminary 1447.6 -0.3 4.8373 words
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Article386 2015-10-28 11 Oct 27 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 *****.00 *****.00 *****.00 *****.50 *****6 *****3 Nov15 *****.00 *****.00 *****.00 *****.00 *****9 *****3 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****6 Mar16 *****.00 *****.00 *****.00 *****.00 48 1423 MSCI TAIWAN386 words
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BANK RATES
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Article154 2015-10-28 11 Oct 27 $S Offer Bid 0vernight 0.20 0.10 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.20 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12154 words
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Article59 2015-10-28 11 Oct 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.5 5-Year N*****0S 2.000 01-Jul-20 101 10-Year NX*****Z 2.375 01-Jun-25 99.94 100.05 100.05 15-Year NZ*****F 2.875 01-Sep-30 102.75 20-Year NZ*****V 3.375 01-Sep-33 110.08 30-Year NA*****N 2.750 01-Apr-42 100.87 Note:59 words
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AGRI METALS ENERGY
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Article193 2015-10-28 11 Oct-26 Price Net change change Last Trade Agricultural Oct-26 CBOT Soybeans (US cents/bu) 885.00 -10.50 -1.17% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.78 -0.79 -2.77% 14/12/2015 CBOT Wheat (US cents/bu) 509.00 18.50 3.77% 14/12/2015 Oct-26 LIFFE Cocoa (£/tonne) 2175.00 28.00 1.30% 14/12/2015 LIFFE Coffee (US$/tonne) 1524.00 -3.00 -0.20%193 words
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Article57 2015-10-28 11 OCt 27 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2199.0 2243.0 2247.0 2195.0 362 3943 Dec 15 2228.0 2281.0 2289.0 2222.0 3789 ***** Jan 16 2261.0 2322.0 2331.0 2260.0 ***** ***** Feb 16 2295.0 2356.057 words
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Article1805 2015-10-28 12 Transaction date: Oct 27 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Last Sale AAT Vol ('000) High Day LOW Div 153 131.5 AIMSAMP Cap Reit 141 +1 145 141.5 140 1 7.9 894.8 GrYld1,805 words
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Article382 2015-10-28 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol 1 0.3 t Advanced Systems 0.5 unch 300 0.5 0.5 13.2 High Day Low Div C'vr GrYld Net P/E MCap 35 50 32 t Atlantic Nav t382 words
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Article96 2015-10-28 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1069 700 CIMBASEAN40 US$ US841 -2 7 844 839 131.9 ('000) 135.3 106.2 DBXT MS SING US$ US115.1 +8.9 5 115.1 115.1 5.8 Day Low 6246 4478 DBXT96 words
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Advertisement128 2015-10-28 6 tx c SMU SINGAPORE MANAGEMENT UNIVERSITY School of Law HERBERT g SMITH <%10 FREEHILLS mm A ..r 0. -v*2* e-: VV! aggm ■VP ar-#* si 1C mtf n V.K w: Herbert Smith Freehills SMU Asian Arbitration Lecture 2015 Multiple Proceedings in International Arbitration Speaker: Professor Gabrielle Kaufmann-Kohler 24 November 2015,128 words
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Advertisement23 2015-10-28 7 SUCCESS RE Q UIRES W H AT B U S I N E S S WA N T S A DGM C OM23 words
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Advertisement114 2015-10-28 8 HEART, STROKE CANCER CENTRE Preserving Health and Longevity Let us help you live a longer life Hassle Free Heart Screening’ Package S$500* Blood Test CT Coronary Angiogram OR Treadmill Electrocardiogram (ECG) Echocardiogram (LV) Consultation with Senior Consultant Cardiologist For Appointment, please call +65 8573 8077 and quote “BT Package”. *Terms114 words
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Advertisement17 2015-10-28 8 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices17 words
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Advertisement28 2015-10-28 8 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 apply28 words
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Advertisement71 2015-10-28 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!71 words
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Advertisement1934 2015-10-28 13 Oxley Tower, Singapore SUBSCRIBE NOW! Public Offer frOm OctOber 27, 2015, 9.00 A.m. tO NOVember 3, 2015, 12 NOON Oxley Bizhub, Singapore The Bridge, Cambodia The Peak, Cambodia ADevelopment Project in Kuala Lumpur, Malaysia 5.00%P.A. 4-Year Bonds Novotel Singapore on Stevens, Ibis Singapore on Stevens Oxley’s first retail bOnd Offering1,934 words
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REAL ESTATE
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Article, Illustration644 2015-10-28 14 Lynette Khoo - It is also marketing residential units of two Vietnamese projects here for the first time following Vietnam’s lifting of foreigner ownership curbs By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND Vietnam has entered into a joint venture with Saigon Commercial Tourism644 words
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Article670 2015-10-28 14 ARCHITECTURE WP Tokyo THE National Museum of Western Art in Tokyo’s Ueno Park, which local authorities and residents seek to have registered as a world cultural heritage site, has recently closed the exhibition rooms in its main building for renovations. Unesco’s World Heritage Committee plans toWP - 670 words
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117 2015-10-28 14 REUTERS Hong Kong PING An Insurance (Group) Company of China, the country’s second largest insurer, has formed a US$600 million fund to invest in US real estate together with Blumberg Investment Partners. The portfolio consists of logistics assets across the United States, theREUTERS - 117 words
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217 2015-10-28 14 REUTERS Hong Kong CHINA Vanke Co Ltd said on Tuesday its third-quarter net profit jumped 21.8 per cent as sales picked up, bolstered by government policies to rev up the key housing sector. China’s largest residential developer by salesREUTERS - 217 words
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280 2015-10-28 14 IFR New York BLACKSTONE Group hopes to secure at least US$2 billion in first mortgage debt from Freddie Mac or Fannie Mae to help finance its purchase of an iconic Manhattan apartment complex, a source told IFR. Blackstone and Canada’s Ivanhoe Cambridge have alreadyIFR - 280 words
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1113 2015-10-28 15 Supporters of the ballot measure, which seeks to restrict rentals to 75 days, say hotel uses of San Francisco apartments remove affordable housing from the market BLOOMBERG San Francisco AIRBNB Inc is pouring millions into defeating a ballot measure that would curbBLOOMBERG - 1,113 words
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Advertisement177 2015-10-28 14 Good Class Bungalow Queen Astrid Park Estate Sale: Tender Closing 12 Nov 2015, Thurs at 3pm Sau Lai 9181 1819 CEA Reg No. R*****9C www.colliers.com Rare huge GCB land on high ground Freehold, Land area 35,011 sq ft approx. Wide double frontage, potential for sub-division to 2 plots Ivlins to177 words
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Advertisement103 2015-10-28 15 IN A CHANGING WORLD, TENNIS FANS TRAIN AS HARD AS THE PLAYERS. -tm W •> nLi, i'. vi fcj .rfj.:ap» «s w k fe;> I R* ,I/V' ST’l W* '1 r, X CO fc£3 > *1 >, s W *1 WE ARE TENNIS PAN ACAOfMY M fc r JOHN M103 words
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BANKING & FINANCE
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Article, Illustration865 2015-10-28 16 Overseas companies may have to partner with local ones, say sources; such a move may breach 2012 WTO ruling REUTERS Beijing CHINA is considering imposing tough new conditions on overseas bank card providers such as Visa Inc and MasterCard Inc, inREUTERS; PHOTO: REUTERS - 865 words
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346 2015-10-28 16 REUTERS Sydney ANZ Banking Group will on Thursday, post its slowest annual earnings growth since the global financial crisis underscoring the challenges that Australia’s major banks face from tighter capital rules even as another year of record profits beckons. Lending growthREUTERS - 346 words
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Article, Illustration633 2015-10-28 16 BLOOMBERG Hong Kong JPMORGAN Chase Co, the largest US bank, is seeking branch licences in India to bolster its wholesale banking operations in the country. The bank is in talks with the Reserve Bank of India (RBI) over permits for centresBLOOMBERG - 633 words
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589 2015-10-28 16 REUTERS Las Vegas JPMorgan Chase Co said on Monday that it will soon launch its own competitor to Apple Pay that will allow consumers to pay retailers using their smartphones in stores, and it has already won the endorsementREUTERS - 589 words
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Advertisement1606 2015-10-28 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF APM PROJECT SERVICES PTE LTD Co Reg No. *****5667N (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of APM PROJECT SERVICES PTE LTD, duly convened and held on 13th October 2015 the1,606 words
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ENERGY & COMMODITIES
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823 2015-10-28 18 More than 750 applicants have signed up to provide electricity and compete with 10 regional monopolies BLOOMBERG Tokyo SPEND a few minutes to fill in a sin-gle-page form from a government website. Mail it in. That’s all you need to register asBLOOMBERG - 823 words
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Article, Illustration561 2015-10-28 18 REUTERS London BP announced on Tuesday a third round of spending cuts and more asset sales in the coming years to tackle an extended period of low oil prices after third-quarter profits slumped. The British oil and gas company has already soldREUTERS; PHOTO: AFP - 561 words
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369 2015-10-28 18 BLOOMBERG London AT a time when the metals industry is reeling from a rout in prices, Boliden AB, a Swedish copper and zinc miner, is rewarding investors thanks to its smelters. The stock has rallied 32 per cent this year and isBLOOMBERG - 369 words
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566 2015-10-28 18 BLOOMBERG Houston DURING the worst of the winter of 2013-2014, the mid-Atlantic saw widespread power plant outages, Texas was forced to import electricity from Mexico, one generator fired up units closed for years and Southern California ran short of naturalBLOOMBERG - 566 words
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Page 18 Advertisements
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Advertisement78 2015-10-28 18 cc Too many still prefer lesser-educated wives because they believe such wives are more manageable. I suggest this is short-sighted because intellectual companionship will be missing in their lives and their children will need more private tutors to make up for their grades in school.” Speaking at the Tanjong Pagar78 words
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Advertisement56 2015-10-28 18 BuildTech Mandalay 2016 Mandalay's Leading Building Technology and Supply Event 20-22 JANUARY 2016 Mandalay City Hall, Myanmar 10am-6pm (20-21 Jan) 110am-5pm (22 Jan) Mandalay’s FIRST Building Construction Trade Exhibition! DISCOVER MARKET OPPORTUNITIES! PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or cal I+65 6319 4037 Visit www.btmandalay.com for more information!56 words
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Advertisement73 2015-10-28 18 ITSHOW 2016 10-13 March 2016 SUNTEC Singapore Levels 3, 4 6 L3, 11am-9pm L4 L6, 12-9pm itshow.sg fb.com/ComexITShow ngapore’s LARGEST I.T. Singapore’s LARGEST I.T. consumer electronics exhibition. Thousands of consumers will be there to buy your tech products services! NOW! Book Your Space NOW! *Limited Booths Available Call *****620 or73 words
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Advertisement17 2015-10-28 18 GET YOUR COPY N©W FROM THE NEWSSTAND, OR VISIT WWW.TORQUE.COM.SG SUBSCRIPTION TO SUBSCRIBE TO TORQUE WWW.TORQUE.COM.se spnmagazines17 words
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TECHNOLOGY
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765 2015-10-28 19 Facebook’s CEO is full of compliments on China’s history and idioms of traditional Chinese wisdom NYT Beijing MARK Zuckerberg knows how to court Chinese users: In a speech during the weekend at Tsinghua University in Beijing, he filled his remarks with compliments on theNYT - 765 words
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Article, Illustration608 2015-10-28 19 BLOOMBERG Paris YOUR country needs you. That’s what France Inc is saying to the nation’s engineers and math whizzes who over the years have taken their talents to Silicon Valley and elsewhere. Startups from ride-sharing service Blablacar to onlineBLOOMBERG; PHOTO: AFP - 608 words
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Page 19 Advertisements
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Advertisement300 2015-10-28 19 KONICA MINOLTA As a clinical assistant, Konica Minolta has helped me eliminate unnecessary paperwork and speed up retrieval of records. This allows me to spend more time on the well-being of the patients as well as to help the doctors in attending to patients. QUALITY, RATI ENT CARE WITH OPTllMAL300 words
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CONSUMER
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538 2015-10-28 20 Jacquelyn Cheok - Another local startup, Start Now, says it has been acquired by Goodtizens Technologies for S$530,000 By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore NASDAQ-LISTED HomeAway, a US$2.9 billion American vacation rental company, has fully taken over Singapore startup Travelmob. The Austin, Texas-based firm had538 words
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Article, Illustration633 2015-10-28 20 BLOOMBERG AFP Chicago TYSON Foods Inc, the largest US meat producer, dropped the most in more than two months after JPMorgan Chase Co downgraded its rating on the stock and the World Health Organization (WHO) said eating processed meatBLOOMBERG; AFP; PHOTO: NYT - 633 words
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741 2015-10-28 20 It discloses it had acquired an option to buy Philidor, which dispenses some of its dermatology drugs NYT New York EMBATTLED Valeant Pharmaceuticals International said on Monday that its accounting related to its relationship with a speciality pharmacy was legal and appropriate, butNYT - 741 words
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370 2015-10-28 20 REUTERS Beijing CHINESE online travel company Ctrip.com International Ltd on Monday announced a tie-up with rival Qunar Cayman Islands Ltd and its backer Baidu Inc through a share swap, to tap the rising number of Chinese travellers heading overseas. TheREUTERS - 370 words
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530 2015-10-28 20 BLOOMBERG Washington WALMART Stores Inc, the world’s largest retailer, wants to test drones for delivering products, entering a race with online competitors Amazon.com Inc and Alphabet Inc’s Google. Walmart on Monday asked the US Federal Aviation Administration for a waiver to testBLOOMBERG - 530 words
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TRANSPORT
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Article821 2015-10-28 21 DAVID HUGHES - A company whose computers are hacked by criminals is likely to itself be the subject of intense criticism, for letting itself be hacked STRAIT TALK BY DAVID HUGHES LAST week the major UK-headquar-tered communications company Talk Talk was hit by hackers who may have stolen821 words
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Article, Illustration627 2015-10-28 21 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE new Airbus Asia Training Centre (AATC) in Singapore is on target for completion in the first three months of 2016, now that the main building structures are up and finishing touches are beingPHOTO: NEO XIAOBIN / THE STRAITS TIMES - 627 words
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735 2015-10-28 21 NYT Frankfurt VOLKSWAGEN’S reign as the world’s biggest carmaker has been short-lived, and the company in the throes of an emissions-cheating scandal is bringing in a new head of corporate strategy. Toyota published figures on Monday that showed it soldNYT - 735 words
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444 2015-10-28 21 BLOOMBERG Seattle TRUCKING isn’t the first thing that comes to mind when considering industries ripe for disruption. Amazon CEO Jeff Bezos, Salesforce.com’s Marc Benioff and eBay founder Pierre Omidyar might disagree. They, along with other investors, are backing Convoy, a Seattlebased startupBLOOMBERG - 444 words
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473 2015-10-28 21 REUTERS Dublin THE aviation industry is stepping up efforts to enlist coordinated international support in the battle against the threats posed to airlines and passengers by hackers and those seeking to exploit IT systems. The security of commercial airlines and whetherREUTERS - 473 words
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Article2111 2015-10-28 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 PG PKL KUC KK JKT MALAYSIA STAR 51 50 10/11 11/11 15/11 17/11 OCEAN SEAGULL 049 60 12/11 13/11 16/11 TOYO2,111 words
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GOVERNMENT & ECONOMY
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606 2015-10-28 22 Pauline Ng - Sept decline underscores uncertainties in job market amid a softening economy, slowing consumer demand By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S online recruitment activity continued to decline in September, falling by a fourth from a year ago with none of the nine sectors606 words
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Article, Illustration657 2015-10-28 22 LATEST US DATA WP BLOOMBERG Washington THE Conference Board’s index of consumer confidence decreased to 97.6 in October from a revised 102.6 a month earlier, the New York-based private research group said on Tuesday. The median forecast of 72 economists in aWP; BLOOMBERG; PHOTO: BLOOMBERG - 657 words
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Article, Illustration570 2015-10-28 22 REUTERS London BRITAIN’S economic recovery slowed more than expected in the three months to September after a slump in construction, raising the prospect that more than two years of relatively rapid economic growth is coming to an end. The economy grewREUTERS; PHOTO: BLOOMBERG - 570 words
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473 2015-10-28 22 Disappointing data puts pressure on ECB to further boost lacklustre recovery AFP Frankfurt DISAPPOINTING eurozone credit growth data will put more pressure on the European Central Bank (ECB) to take additional action to boost the euro area’s lacklustre recovery, analystsAFP - 473 words
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Article, Illustration774 2015-10-28 23 While bulls say valuations still have room to rise, others believe investors are already overweight BLOOMBERG Shanghai MARK Mobius is convinced that China’s push into technology, consumer and service industries will produce a more sustainable expansion in the world’sBLOOMBERG - 774 words
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390 2015-10-28 23 Core business revenues at industrial firms decline 0.5%, National Bureau of Statistics data show REUTERS Beijing PROFITS earned by Chinese industrial companies fell 0.1 per cent in September from a year earlier, data from the statistics bureau showed on Tuesday,REUTERS - 390 words
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380 2015-10-28 23 REUTERS Jakarta INDONESIA is considering declaring a national emergency over fires that have been smouldering across the archipelago for weeks, sending haze drifting across much of South-east Asia, the vice president said on Tuesday. The government would intensify efforts to contain theREUTERS - 380 words
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Page 23 Advertisements
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Advertisement69 2015-10-28 23 A CA R FO R E V E RY PUR SE PURP OSE 7 AND 8 NOVEMBER 201 5 SATURDAY SUNDAY 10AM 8PM SINGAPORE EXPO HALL 5 ADMI SS I O N I S FREE IT’S TIME TO BUY A NEW CAR “Presenting the best offers from all your favourite69 words
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OPINION
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512 2015-10-28 24 EDITORIAL THE World Bank-Singapore Infrastructure Finance Summit held here last week highlighted many of the challenges facing the region in financing infrastructural development, without which sustained growth would be impossible. The needs are huge and glaring: Country after country in Asia needs more roads,512 words
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Article, Illustration814 2015-10-28 24 Frank Ching - THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IT must have been a bitter-sweet moment for Xi Jinping, the head of the world’s biggest Communist Party, to be riding814 words
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Article, Illustration1320 2015-10-28 24 EUSTON QUAH, TAN TSIAT SIONG - Not much, in terms of tackling the root problem of the burning. But in the meantime, behaviours can be changed to adapt to the unhealthy air. BY EUSTON QUAH AND TAN TSIAT SIONG BY EUSTON QUAH, TAN TSIAT SIONG T Professor Euston QuahPHOTO: REUTERS - 1,320 words
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Article1027 2015-10-28 25 Frank-Jürgen Richter - Kyoto II is it a done deal? COMMENTARY By Frank-Jürgen Richter T The writer is founder and chairman of Horasis, a global visions community THIS is a somewhat flippant headline as a new climate deal is a serious matter. It is being pursued by the United Nations Intergovernmental Panel on1,027 words
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Article, Illustration859 2015-10-28 25 Hugo Dixon - REUTERS BREAKINGVIEWS By Hugo Dixon THE main takeaway from Mark Carney’s recent speech on Britain’s European Union membership is that it is good for economic dynamism but creates challenges for financial stability. The Bank of England governor’s first point is right; his second pointPHOTO: REUTERS - 859 words
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Article, Illustration1158 2015-10-28 25 ANDREW HAMMOND - With a host of Republican candidates in the fray, the contest could benefit Democrats and potentially be a tipping point in a very tight general election. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at LSE IDEASPHOTO: REUTERS - 1,158 words
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Page 26 Advertisements
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Advertisement98 2015-10-28 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 a98 words
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LIFE & CULTURE
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Article, Illustration646 2015-10-28 27 Lee U-Wen - The Russian puts on a five-star performance to beat the WTA Finals top seed in straight sets By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MARIA Sharapova is back with a vengeance. Desperate to end her injury-rav-aged season on a high, the blonde Russian craved aPHOTO: AFP - 646 words
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476 2015-10-28 27 NYT New York THREE diseases, leading killers of Americans, often involve long periods of decline before death. Two of them heart disease and cancer usually require expensive drugs, surgeries and hospitalisations. The third, dementia, has no effective treatments to slow its course. So when aNYT - 476 words
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Article, Illustration616 2015-10-28 27 REUTERS Costa Careyes, Mexico MEXICO may have dodged a bullet from the fury of Hurricane Patricia, but jet setters such as Bill Gates, Gwyneth Paltrow and Cindy Crawford will have to find a new playground for now after the storm ravaged some of theREUTERS; PHOTO: REUTERS - 616 words
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Article, Illustration194 2015-10-28 27 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT OCBC clients Peter Koh (left) and Martin Lechner (right) were among six lucky tennis fans who had the chance to spar with four-time Grand Slam champion Arantxa Sanchez-Vicario at the Singapore Sports Hub on Monday. The Spanish champ, now 43, retiredPHOTO: OCBC - 194 words
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356 2015-10-28 27 NYT Beijing ONE wife, many husbands. That’s the solution to China’s huge surplus of single men, says Xie Zuoshi, an economics professor at the Zhejing University of Finance and Economics, whose recent proposal to allow polyandry has gone viral. LegalisingNYT - 356 words
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Page 27 Miscellaneous
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Miscellaneous320 2015-10-28 27 CRYPTIC CROSSWORD Across 1 Taking money out for retirement (10) 6 Join me as ordered (4) 10 Had an inclination and worked in the garden (5) 11 Willie Winkie’s running gear (9) 12 Co-operate in production of drama and dance (4,4) 13 Wide awake for a siren call (5) 15320 words
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Page 28 Advertisements
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Advertisement91 2015-10-28 28 ANNUAL SALE caveau WINES 28 th Oct 01 st Nov 2015 i FREE wine carrier a nn UP TO 51 i OFF! For more information, please contact us at +65 6735 2700 or email sales@caveau.com.sg From $15 onwards Caveau Wines Level 2 Unit 18, Shaw Centre, 1 Scotts Road (S)91 words
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Page 29 Advertisements
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EXECUTIVE MONEY
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794 2015-10-28 30 GENEVIEVE CUA - Julius Baer maintains that Asia remains “the best bet on economic growth and wealth creation in the years ahead”.BY ahead”.BY GENEVIEVE CUA gen@sph.com.sg @GenCuaBT WELL-HEELED consumers who wish to buy wine and Dior bags in Asia may well rejoice that these items posted794 words
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411 2015-10-28 30 BLOOMBERG Singapore PACIFIC Investment Management Co (Pimco) said investors in Asia are more concerned about the returns on their investments than the prospect of higher interest rates in the United States as global growth slows, according to its annualBLOOMBERG - 411 words
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Article, Illustration1160 2015-10-28 28 Latest interest-rate liberalisation step confuses analysts BLOOMBERG CHINA’S monetary policy just got even harder to follow. For years, the nation’s central bank had set commercial banks’ deposit rates, along with a floor for lending rates creating a subsidised system that channelledBLOOMBERG; PHOTO: BLOOMBERG - 1,160 words
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482 2015-10-28 28 ON THE RADAR GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to Oct 21. Based on transactions in the top five stocks, net sells came to S$1.44 billion compared to net buys of S$569.1 million.482 words
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326 2015-10-28 28 BLOOMBERG New York OUT of more than 500 exchange-trad-ed funds launched in the past three years, the one that has taken in the most cash charges an annual fee of 0.94 per cent. Wait, what? That’s not a typo.BLOOMBERG - 326 words
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Page 30 Advertisements
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Advertisement430 2015-10-28 30 LEADING U.S. COMPANIES I JB CT A-.x,-; B CAPTURING OPPORTUNITIES r Hi# GLOBAL CONSUMERS .4 m BE PART OF FAMILIAR U.S. GROWTH OPPORTUNITIES THROUGH SPDR U.S. EQUITY ETFs. The world of investment is full of ready opportunity even when it’s half a world away. Take the U.S. the world’s leading430 words
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Advertisement22 2015-10-28 30 CONFOUNDING CHANGES Even harder to gauge China’s monetary policy now /28 ON THE RADAR Funds still net sellers of Singapore stocks 2822 words
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