The Business Times, 29 October 2015

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Microfilm: NL33641
Total Pages: 36
1 36 The Business Times
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  • Title Section
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    33 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [1 D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Thursday, October 29,2015
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Tuesday Change STI 3,040.51 -12.02 KL COMP 1,686.51 -10.44 NIKKEI 225 18,903.02 +125.98 HANG SENG 22,956.57 -186.16 SHENZHEN B 1,144.27 -17.63 DOW (12noon EDT) 17,699.71 +118.28
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  • Article, Illustration
    Lock icon DAILY DIGEST
    246 1 Analysts predict that the Singapore dollar will weaken about 2 per cent against the greenback by year-end after the central bank “slightly” reduced the pace of the currency’s gains versus those of its trading partners. TOP STORIES 5 The specialty insurance space in Singapore is more crowded, now
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  • Article
    Lock icon Indonesia in work-permit U-turn following businesses’ pushback
    724 1  -  Move adds to concerns over the country’s unpredictable regulatory environment, which has been a major beef of foreign investors By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THREE months after introducing onerous work permit rules on foreign professionals heading to Indonesia and offshore directors of
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  • Article, Illustration
    Lock icon Apple seen taking up half the space at Fusionopolis Two tower
    882 1  -  Move will boost Fusionopolis as an innovation hub, create buzz for one-north in general By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore TECH giant Apple, which has just announced an analysts-beating fourth-quarter profit of US$ 11.1 billion, is in expansion mode
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      49 1 8"*****1 *****4 CITY (n_» _§.‘w__ r-; :2 .:“‘V" V’ ""1" The private sector has a role to play URBANISING ASIA 15 s; Co v# geh Opening of the new Jaeger-leCoultre Boutique 2 Ray front Ave,The Shoppes at Marina Ray Sands, #B2M-240, Singapore JL tjAEGER-LECoULTR^. Open a whole new world
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      39 1 SEPTEMBER FLASH ESTIMATES Completed condo prices inch up REAL ESTATE 16 NORWAY'S WOES World's largest SWF posts biggest loss in 4 years GOVT ECONOMY 30 Apple Q4 profit up 31% on iPhone sales but outlook seems muted, Page 26
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      15 1 i avg Q3 profit falls 27% in absence 0 of one-off gain COMPANIES MARKETS 6
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singapore to focus on 5 futures, says Swee Keat
      628 2  -  Future Economy panel to dive deep into issues to propose fresh ideas for jobs, firms, resources, tech and markets By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THERE are five key “futures” that Singapore needs to pay attention to, in charting its economic
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    • Article, Illustration
      Lock icon Volkswagen strong enough to cope with emission scandal, says CEO
      682 2  -  By Samuel Ee samuelee@sph.com.sg Tokyo VOLKSWAGEN may be suffering from the diesel scandal now but the German carmaker is confident it can overcome this with the group’s financial and human resources. “We recognise we have a serious problem more than
      PHOTO: REUTERS  -  682 words
    • Article
      Lock icon S’pore consumer confidence index dips again in Oct: poll
      576 2  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE’S consumer confidence remained on the downtrend for the second straight month in October, according to a monthly survey by ANZ and Australia-based market research firm Roy Morgan Research. The ANZ-Roy Morgan Singapore Consumer Confidence
      576 words
    • Article, Illustration
      Lock icon Gold retailer Degussa opens first Asian branch in S’pore
      694 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ONE of the world’s largest retailers of gold and precious metals opened its branch in Singapore its first outside Europe on Wednesday, with plans to make this outlet a key part of its global portfolio.
      694 words
    • Article, Illustration
      Lock icon Singapore must earn its place in the world through innovation
      569 4  -  Business schools “very well placed” to bring together disciplines to address new challenges: DPM Tharman By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE future of Singapore lies in its ability to be an innovative economy, says Deputy Prime Minister and Coordinating
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    • Article
      Lock icon NTUC co-ops to team up to provide more and better goods and services
      501 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SOCIAL enterprises under the labour movement’s umbrella will come together in the next four years to offer workers more and better products and services at affordable prices. National Trades Union
      501 words
    • Article, Illustration
      Lock icon HSBC shifting derivatives trades to HK as HQ decision looms: sources
      861 4 REUTERS Hong Kong HSBC has begun shifting billions of dollars worth of derivatives trades from London to Hong Kong to take advantage of the city’s favourable funding and regulatory environment, and to help position itself for a potential relocation
      REUTERS; PHOTO: REUTERS  -  861 words
    • Article, Illustration
      Lock icon Singdollar seen sliding after MAS pared its pace of gains
      510 5 Analysts believe the slope of appreciation has been halved to 0.5%; predict end-December level at S$1.42 BLOOMBERG Singapore SINGAPORE’S dollar will weaken about 2 per cent against the greenback by year-end after the central bank “slightly” reduced the pace of
      BLOOMBERG; FILE PHOTO  -  510 words
    • Article
      Lock icon HDB’s up-sized issue of S$1.2b five-year bonds snapped up
      503 5  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Housing Development Board sold a jumbo S$1.2 billion in 5-year bonds on Tuesday, upsized 50 per cent from an initial S$800 million issue due to strong demand. It was HDB’s first issue following
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      262 4 Graduate Certificate In Applied Portfolio Management (g-CAPM) Programme Dates: 16 November 22 November 2015 The CAMRI Applied Portfolio Management Programme is a 7-day state-of-the-art applied portfolio management training programme at NUS Business School, Singapore, developed by academic professionals for investment professionals, and conducted at the world’s most advanced Investment Management
      262 words
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  • Page 5 Advertisements
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      75 5 LEASING OPPORTUNITIES NEW Commercial Usage In addition to the existing usage, The Grandstand units are also available for: Independent Office Family Oriented Karaoke Property showrooms Eye/Ear/Dental Clinic Service Centre (Telco) Maid/Travel Agency Largest Lifestyle Destination in Bukit Timah Pre-schools Children Enrichment F&B Retail Services Sporting Fitness Facilities CALL NOW! Maynard
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      81 5 GP GIRARD-PERREGAUX MECHANICS OF TIME SINCE 1791 X s m mm m GIRARD-PERREGAUX 1966 GIRARD-PERREGAUX GP*****-01 10 CALIBRE, SELF-WINDING MECHANICAL MOVEMENT HOUR, MINUTE, SMALL SECOND, LARGE DATE AND MOON PHASES INDICATOR 46-HOUR POWER RESERVE 41 MM PINK GOLD CASE WITH SAPPHIRE CRYSTAL CASE-BACK ALLIGATOR STRAP WITH PIN BUCKLE i THE
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  • COMPANIES & MARKETS
    • Article
      Lock icon OCBC Q3 profit falls 27% in absence of one-off gain
      916 6  -  Excluding year-ago one-time gain of S$391m, latest core earnings up 7% at S$902m By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore OVERSEA-Chinese Banking Corporation (OCBC Bank) beat analyst expectations with a third-quarter net profit of S$902 million but the earnings were
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    • Article
      Lock icon CCT posts higher Q3 DPU; expects pressure on market rents
      719 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND Commercial Trust (CCT) on Wednesday reported a 2.4 per cent rise in distribution per unit (DPU) to 2.14 Singapore cents for the third quarter ended Sept 30, 2015, on the back of higher
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    • Article
      Lock icon Jumbo Group launches Catalist IPO
      540 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore IT IS not quite the jumbo float market observers were hoping for but as the Hokkien saying goes, when there is no fish, prawns will do. Or crabs. Seafood restaurant owner Jumbo Group, famous for its signature chilli crab
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    • Article
      Lock icon A-HTrust’s Q2 DPS up 8.7% despite income hit from currency movements
      386 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ASCENDAS Hospitality Trust (A-HTrust) on Wednesday reported a distribution per stapled security (DPS) of 1.38 Singapore cents for its second quarter ended Sept 30, 2015, up 8.7 per cent from a year ago.
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    • Article
      Lock icon APB to end exclusive sales practice following probe by competition watchdog
      532 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASIA Pacific Breweries (Singapore) (APBS) will cease its practice of supplying draught beer to retailers on an exclusive basis, following a probe by the Competition Commission of Singapore (CCS). The company has given
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    • Article
      Lock icon New player in specialty-insurance space heats up competition
      418 8  -  About 70 per cent of GAIC’s revenue will come from marine, property, construction and professional risk insurance By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE specialty insurance space has become a bit more crowded, now that the US-based general insurer Great American Insurance
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    • Article, Illustration
      Lock icon Koh Brothers holds 30% stake in JV handling Changi’s 3rd runway works
      402 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore KOH Brothers, via a wholly owned subsidiary, has a 30 per cent stake in the joint venture (JV) which won the tender for the first package of works to develop a third
      FILE PHOTO  -  402 words
    • Article
      Lock icon Olam secures US$1b revolving credit, term loan facility
      217 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore OLAM International Limited said it has secured a revolving credit and term loan facility of US$1 billion. The facility consists of two tranches a US$850 million 364-day revolving credit facility and a US$150 million five-year term
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    • CORPORATE DIGEST
      • Article
        Lock icon Keppel DC Reit
        152 8 KEPPEL DC Reit is expanding its footprint to Germany with the acquisition of mainCubes Data Centre (DC), which will be fitted out to Tier III specifications, for 84 million euros (S$130 million) from mainCubes One Immobilien GmbH Co. Ten per cent of the sum will be paid
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      • Article
        Lock icon Sim Lian Group
        83 8 SIM LIAN Group is looking to acquire Lara Village Shopping Centre, a freehold investment grade neighbourhood shopping centre located in Victoria, Australia, for A$30.2 million (S$30 million). The Centre has a total gross lettable area (GLA) of about 6,449 sq m. It is anchored by the latest
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      • Article
        Lock icon Citic Envirotech
        82 8 CITIC Envirotech saw its second quarter profit slide nearly 17 per cent year-on-year to S$15 million while revenue was close to 33 per cent lower at S$70.88 million. The drop in revenue was due to lower contributions from its engineering business. Earning per share came to 1.23 Singapore
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      • Article
        Lock icon K1 Ventures
        80 8 K1 VENTURES reported a big jump in net profit to S$87.33 million for the first quarter ended Sept 30, up from S$3.02 million, on the back of higher revenue. Revenue rose from S$2.88 million a year ago to S$89.29 million thanks to higher investment income. Profit before tax
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      • Article
        Lock icon Second Chance Properties
        92 8 SECOND Chance Properties saw its net profit for the three months ended Aug 31 decline from S$5.67 million to S$2.08 million, while revenue dipped nearly 9 per cent to S$16.33 million. Earnings per share dropped from 0.84 Singapore cent per share to 0.31 cent. For the full
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      • Article
        Lock icon Omni United
        118 8 SINGAPORE-headquartered Omni United has acquired US tyre wholesale distributor Interstate Tire Distributor (ITD) for an undisclosed amount. The acquisition will allow Omni to more than double its existing retail reach in the US, where it gets nearly 65 per cent of its revenue. This acquisition will add around
        118 words
    • Article, Illustration
      Lock icon IPO target out of reach with tepid Malaysian market
      547 10  -  Prospective offerors put off plans to list, deeming investor appetite too weak and market sentiment too negative By Pauline Ng btworld@sph.com.sg Singapore IN an unusually poor year for initial public offerings, funds raised via public share sales on Bursa Malaysia are
      PHOTO: BLOOMBERG  -  547 words
    • Article, Illustration
      Lock icon Few listed companies producing ‘truly balanced’ sustainability reports: EY
      655 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore TOO few listed companies in Singapore are doing proper sustainability reporting and many of those that do produce reports choose to focus solely on the positives, a study by auditor EY has shown. Out of
      FILE PHOTO  -  655 words
    • Article, Illustration
      Lock icon What’s hot, what’s not on the M&A scene in 2016
      1136 10  -  Investors will be looking at consumer staples, financial services, tech and Internet-related sectors. BY MELVIN YONG MERGERS and acquisitions (M&A) deals around the world look set to hit a record this year, surpassing the US$2.8 trillion value posted in 2007
      FILE PHOTOS  -  1,136 words
    • Article, Illustration
      Lock icon Quiet trading ahead of FOMC meeting
      716 12  -  In line with other regional markets, STI ends 12 points down amid low trading volumes STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Wednesday drifted to a 12.02-point loss at 3,040.51 in low volume of one billion units worth S$826 million.
      Source: Bloomberg  -  716 words
    • Article
      Lock icon STI STOCKS
      307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 xd -7 245/242 271 213 6 6174.3 CapitaLand 321 +3 323/318 379 267 11.8 2.8 *****.1 CapitaMall Trust 202 xd -3 203/200 228 184.5 5.4 7010.2 CityDev 826 -3 835/822 1095
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    • Article
      Lock icon MOST ACTIVE
      34 12 VOLUME Noble 64,244,800 Addvalue Tech 51,240,200 Yuuzoo 32,833,500 Genting Sing 28,229,400 StratechGroup 27,041,300 Market volume 1,113,041,000 VALUE DBS Grp 93,849,926 Singtel 64,049,728 OCBC Bank 59,061,156 UOB 49,483,888 Noble 34,496,544 Market value 831,780,000
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    • Article
      Lock icon SGX ETFs
      110 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Lyxor HSI US$ US287 70 287/287 361/256 283/291 25 STI ETF 309 +1 63 309/308 355/280 308/309 DBXT MSINDO us$ US1189 -10 55 1193/1174 1492/911 1185/1189 UETF SSE50China 228 -3 24 230/228 340/155 228/230 71.3 IS
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Oct 28 VALUE CLOSE BT OB/OS 330.00 +6.00 BT CADI -*****.00 -26.00 BT 10-day MA -*****.00 +33.00 FTSE ST Mid Cap 711.51 -1.62 FTSE ST Small Cap 428.33 -1.18 FTSE ST All Share 734.92 -2.00 FTSE ST China Top 182.98 -0.07 FTSE ST China 225.78 +0.40 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 12 STI FTSE ST All-Share ftse ST All-Share index Oct 28,2015 734.92 -2.00 (-0.27%) Current streak 2 days Day high 737.52 Day low 733.71 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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      Lock icon STI / MSCI EAFE
      33 12 STI MSCI EAFE MSCI EAFE index Oct 27,2015 1,764.20 -15.05 (-0.85%) Current streak 1 day Day high 1,779.69 Day low 1,762.20 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 2 0 0 0 8 4 2 Manufacturing 36 38 21 13 14 6 49 52 27 Commerce 14 14 18 4 6 3 18 20 21 Tpt/Stor/Comms 13 12 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,869 10,869 35,679 35,679 Manufacturing 156,190 57,043 213,233 76,301 3,852 80,153 Commerce 104,677 50,520 155,197 99,150 2,938 102,088 Tpt/Stor/Comms 93,310 366 93,676 124,932 33 124,964 Finance 21,733 125 21,858 214,001 16 214,017 Construction 16,193 8,003
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    • Article
      Lock icon GAINERS
      75 12 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 442.0 1.5 *****/***** DBXT MSJAP US$ 4943 112.9 1.7 5277/4433 GLD US$ ***** 89.2 0.6 *****/***** SPDR DJIA US$ ***** 80.9 0.3 *****/***** JMH USD 5410 78.1 1.0 6788/4502 BY PERCENTAGE CLOSE UP 52w high/low HTL Intl 47.5 97.9
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    • Article
      Lock icon LOSERS
      74 12 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 3240 -89.0 -2.7 4269.7/2636 DBXT China50 US$ 3165 -57.2 -1.3 4258/2750 DBXT Vietnam US$ 2413 -51.6 -1.5 2963/2139 DBXT MSCHINA US$ 1324 -34.9 -1.9 1750/1151 DBXT MSKorea US$ 5412 -33.5 -0.4 6246/4478 BY PERCENTAGE CLOSE DOWN 52w high/low GRP W*****7 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE HTL Intl 8,938.3 0.475 +0.235 +97.92 Lorenzo Intl 1,600.0 0.055 +0.008 +17.02 CFM 50.0 0.050 +0.009 +21.95 Grand Banks 596.0 0.255 +0.025 +10.87 Addvalue Tech 51,240.2 0.072 +0.004 +5.88 GDS Global 100.1 0.365 +0.015 +4.29 IPS Securex 1,957.5 0.320 +0.040 +14.29 OSIM Intl 8,168.8 1.440
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    • Article
      Lock icon BROKERS’ TAKE
      453 12  -  Compiled by Claire Huang SMRT Corporation Sell Oct 28 close: S$1.485 Target price: S$1.10 Maybank Kim Eng, Oct 28 THE company’s earnings outlook remains lacklustre. We forecast sustained losses for the rail business due to the Impending fare cuts of 1.9 per cent from end-2015. Further, higher costs
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    • Article
      Lock icon CALENDAR
      18 12 DATA I 1030am (Oct 29) Singapore Employment Situation Report I 930pm (Oct 29) US Initial Jobless Claims
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    • Article
      Lock icon Aussie dollar and emerging market units fall
      391 13 CURRENCIES AFP Tokyo JITTERY investors moved out of some emerging market currencies on Wednesday as they look to key US and Japanese central bank meetings, while worries about China and a weak inflation reading sent the Australian dollar tumbling. The Aussie lost more
      AFP  -  391 words
    • FOREX RATES
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        Lock icon HANG SENG
        2 13
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        Lock icon INTERBANK CROSS RATES
        470 13 Oct28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.944 4.530 0.645 5.522 46.357 96.426 0.858 8.052 3.040 1.059 74.461 33.308 0.994 9.753 0.703 23.118 25.260 0.466 0.713 Canada 1.059 4.798 0.683
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        Lock icon SHANGHAI COMPOSITE
        2 13
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        Lock icon DOW JONES
        2 13
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        Lock icon INTERBANK CURRENCY RATES
        155 13 Oct 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9932 0.9940 0.7123 0.7128 Canadian dollar 1.0521 1.0526 0.7548 0.7546 Euro 1.5407 1.5413 1.1050 1.1053 NZ dollar 0.9384 0.9388 0.6730 0.6732 Sterling pound 2.1333 2.1341 1.5300 1.5304
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        Lock icon US$/S$ FORWARD RATES
        22 13 Oct 28 S$ Bid Offer 1-month 1.3955 1.3960 2-months 1.3968 1.3973 3-months 1.3982 1.3986 6-months 1.4012 1.4020 Source: OCBC
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        Lock icon NIKKEI
        1 13
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 13 Oct 28 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.5 0.2 6468 1 18 12 UOB MB eCW*****1 11.6 -1.3 5792 0.1 2080 3 DBS MB eCW*****1 10.5 -1.3 3954 0.1 1860 4
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        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 27 Index Change Change Change Change Change Change World Preliminary 1293.8 -0.5 1.4 -0.3 4.4 -0.6 -0.8 EAFE Preliminary 1026.7 -0.8 4.0 -0.6 4.7 -0.8 -0.6 Europe Preliminary 1434.4 -0.9 3.8
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 13 Oct 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 *****.50 *****.00 9997.50 *****.50 *****4 *****3 Nov15 *****.00 *****.00 9985.00 9987.50 *****5 *****9 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar16 *****.00 *****.00 *****.00 *****.00 3 1453 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 13 Oct 28 $S Offer Bid 0vernight 0.30 0.10 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.60 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 13 Oct 28 Oct 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.44 100.51 100.42 5-Year N*****0S 2.000 01-Jul-20 101.02 101.00 101.00 10-Year NX*****Z 2.375 01-Jun-25 100.21 100.28 100.05 15-Year NZ*****F 2.875 01-Sep-30 103.06 103.30 102.90 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 13 Oct-27 Price Net change change Last Trade Agricultural Oct-27 CBOT Soybeans (US cents/bu) 891.25 6.25 0.71% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.89 0.11 0.40% 14/12/2015 CBOT Wheat (US cents/bu) 509.25 0.25 0.05% 14/12/2015 Oct-27 LIFFE Cocoa (£/tonne) 2193.00 18.00 0.83% 14/12/2015 LIFFE Coffee (US$/tonne) 1526.00 2.00 0.13%
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      • Article
        Lock icon PALM OIL
        57 13 Oct 28 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2237.0 2251.0 2252.0 2230.0 395 3733 Dec 15 2274.0 2300.0 2300.0 2259.0 2286 ***** Jan 16 2314.0 2341.0 2343.0 2299.0 ***** ***** Feb 16 2348.0 2374.0
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    • Article
      Lock icon SGX MAINBOARD
      1870 14 Transaction date: Oct 28 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol AAT Day Div GrYld 62 25 AEM MCap High LOW 153 131.5 AIMSAMP Cap Reit 142 +1 477 142.5 140.5 1 7.8
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    • Article
      Lock icon SGX CATALIST
      408 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol 1 0.3 t Advanced Systems 0.5 unch 1453 0.5 0.5 13.2 High Day Low Div C'vr GrYld Net P/E MCap 35 50 32 t Atlantic Nav t
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    • Article
      Lock icon SGX ETF
      118 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1165 -10 0 1165 1165 vol 4258 2750 DBXT China50 US$ US3165 -41 2 3165 3165 8.7 High Day 1750 1151 DBXT MSCHINA US$
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      240 6 Maximise Marketing ROI with Programmatic RTB tl'49s fy j by Mark Lankes, Digital Media Expert Course dates Oct 28-29 Nov 4-5 or 18-19 Dec 2-3 Over 70% of marketers in Asia Pacific today are automatically reaching their target audience and achieving higher ROI with Programmatic RTB. Learn how to deliver
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      151 7 Degussa GOLD UND SILBER. GERMANY’S NO. 1 PRECIOUS METALS RETAILER. NOW IN SINGAPORE. As a distinguished precious metals trading house from Germany, Degussa has a rich history of quality and reliability. Our flagship Asian branch is now open in Singapore. Come and experience our wide range of products, from investment-grade
      151 words
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  • Page 8 Advertisements
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      455 8 NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION For the period from 1 April 2015 to 30 September 2015 a-hhrush ascendas hospitality trust A stapled group comprising: ASCENDAS HOSPITALITY ASCENDAS HOSPITALITY REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 13 March 2012 under the laws of
      455 words
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  • SINGAPORE ACCOUNTANCY CONVENTION
    • Article, Illustration
      Lock icon Towards higher quality reporting
      1122 11  -  Companies need to prepare for a new standard for recognising revenue that will have a wide-ranging impact on their businesses. BY FRANCIS KAN WITH new global rules for recognising revenue due to be implemented in just over two years, preparers of financial statements, auditors, and standard-setters
      1,122 words
    • Article
      Lock icon The five-step model
      224 11 THE International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued their converged standard on revenue recognition in May 2014. The standard is intended to increase financial statement comparability across companies and industries and significantly reduce the complexity in revenue recognition. The principles in
      224 words
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      143 11 SINGAPORE ACCOUNTANCY CONVENTION NETWORKING DINNER 2015 Gain the latest industry knowledge to lead in a rapidly changing global landscape, from a uniquely Asian perspective. Hear foreign and local industry experts share insights on topics and trends in today's business world, including: Positioning Accountants to Lead in the 21 st Century
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      71 14 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • URBANISING ASIA
    • Article, Illustration
      Lock icon Meeting the needs of Asia’s cities
      1095 15  -  Private sector players have a role to play in meeting the challenge of rapid urbanisation sweeping across Asia. BY FRANCIS KAN AS more of Asia’s population move to its cities, there is growing pressure on governments to quickly develop urban infrastructure such as housing,
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      Lock icon Development opportunities in Asia
      256 15 THE boom in urbanisation and infrastructure development in Asia is expected to present many new business opportunities. Based on a UN report, continuing population growth and urbanisation are projected to add 2.5 billion people to the world’s cities by 2050, with nearly 90 per cent of
      256 words
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  • REAL ESTATE
    • Article
      Lock icon Prices of completed condos up 0.1%: NUS index
      560 16  -  September’s uptick does not alter views of market watchers who believe downward pressures on private residential prices will continue By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRICES of completed condominiums in Singapore inched up 0.1 per cent in September from the previous month,
      560 words
    • Article, Illustration
      Lock icon Two warehouse buildings up for sale, asking S$70m
      496 16 Singapore TWO adjacent multi-storey warehouse buildings in Tampines have been put up for sale through an expression of interest exercise. 21 Tampines Street 92 is a six-sto-rey warehouse, and 23 Tampines Street 92, an eight-storey warehouse with over 200 covered parking lots.
      496 words
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      Lock icon Fed rate hike could burst HK property bubble
      825 17 Expected rise renews debate on whether it should maintain peg with the US dollar, as its ties with China grow closer AFP Hong Kong BUOYED by record-low borrowing costs, a Hong Kong housing boom has seen prices more than double in six
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    • Article
      Lock icon Hyatt said to be in talks to buy Starwood Hotels
      307 17 REUTERS BLOOMBERG Bengaluru HYATT Hotels Corp is in talks to buy Starwood Hotels and Resorts Worldwide Inc, CNBC reported, citing sources. Under a cash and stock offer, Hyatt management would retain control of the combined company, CNBC said on Wednesday.
      REUTERS; BLOOMBERG  -  307 words
    • Article, Illustration
      Lock icon Landlord boom a bigger risk for Australian bad debts than businesses
      722 18 Level of Aussie household indebtedness now higher than in other developed nations BLOOMBERG Sydney THE boom in Australian buy-to-let mortgages that has helped fuel record household borrowing could be the next driver of bank bad debts rather than corporate
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    • Article
      Lock icon Bailout exit, unity moves make Cyprus attractive: entrepreneur
      482 18 BLOOMBERG Nicosia LOW property prices in Cyprus at a time when the country is preparing to exit its international bailout programme, and ahead of possible reunification of the eastern Mediterranean island, represent a good investment opportunity, serial entrepreneur and easyjet founder Stelios
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    • Article
      Lock icon Japan’s Hulic to buy Simplex for 155b yen amid many bids
      331 18 REUTERS Tokyo JAPANESE developer Hulic Co will buy Tokyo-based Simplex Investment Advisors for about 155 billion yen (S$1.16 billion) from US investment Aetos Capital in Japan’s largest property deal this year, the two firms said on Wednesday. Hulic, which
      REUTERS  -  331 words
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      Lock icon Paris ‘palace’ hotels face growing challenges
      793 19 Terror attacks, websites like Airbnb, rising number of luxury boutique hotels chipping away at these palaces AFP Paris LUXURY hotels in Paris have taken a beating this year, with the Charlie Hebdo attacks scaring off visitors and websites like Airbnb stealing away clients, but
      AFP  -  793 words
    • Article, Illustration
      Lock icon Brooklyn becoming a serious rival to Manhattan
      1206 20 About 16 million sq ft of office space is under construction or planned, stretching south from Williamsburg through downtown to Sunset Park NYT New York THOSE who work in Manhattan and live in another borough will often talk of a job in “the
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    • Article
      Lock icon Househunt
      1284 20 Property transactions for districts 1 to 28 with contract dates between Sept 16 and Sept 22,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED One Shenton Apt 21/09/2015 99 1582 2360 1491 V On Shenton Apt 22/09/2015 99
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      257 16 jll.com.au/properties Landmark apartment development opportunity in the new heart of Perth CBD FOR SALE OR JV L*****26E Kings Square 6, 18 Telethon Avenue, Perth, Western Australia Development approval for iconic twin tower 42 and 48 storey apartment project designed by acclaimed architects Woods Bagot. Prime central city site of 3,334sqm*
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      3 17 Hong Fok Group
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      497 17 ALTO Wembley Park, LONDON 1, 2 and 3 bedroom apartments and penthouses from £375,000* EXHIBITION 31 th Oct 1 st Nov 2015 (Sat Sun) 11 am to 7pm Shangri-La Hotel Singapore Magnolia Room, Level 2, 22 Orange Grove Road, Singapore *****0 WEMBLEY STADIUM RAILWAY STATION •Steffi* iifi HOLIDAY INN r
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      282 18 Supermarket Space within Shopping Malls For Sale By Expressions of Interest City Gate Kensington Square key junction of Beach Road fronting Upper Paya Lebar Road Freehold anchor tenant space on the ground floor Alow rise mixed development with 141 residential units and 57 retail units Ready population catchment from surrounding
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      364 18 ATT ‘on ./acka I u.irtha^ 0 v Beach PROPERTY EXPO sa Nk Marb' rrow °®bou me donn Springs Mice ert Come and view some exciting property opportunities to cover all of your requirements: Investment, children’s education and future residence. With interest rates at a record low, a weak Australian dollar
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      361 19 3-STOREY FREEHOLD BUILDING OFF JALAN EUNOS f CUSHMAN II WAKEFIELD Estate Agents Licence No: L*****33E iii Hi sum uttkss wmcs A STANDALONE BUILDING COMPRISING 3 APARTMENTS 2 RETAIL UNITS Enjoys dual-frontage on Jalan Eunos and Jalan Ismail 1 Land Area: Approx. 7,664 sf 1 Total Floor Area: Approx. 9,248 sf
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  • SINGAPORE EXPERIENCE AWARDS
    • BUSINESS EVENT VENUE OF THE YEAR
      • Article, Illustration
        Lock icon Marina Bay Sands
        556 21  -  By Narendra Aggarwal MARINA Bay Sands, which has transformed Singapore’s skyline since its opening in 2010 and is home to multiple unique and first-to-Singapore attractions as an integrated resort, is one of the two winners of the Business Event Venue of the Year award. “From breathtaking hotel
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        Lock icon PARKROYAL on Pickering
        440 21  -  By Narendra Aggarwal SINCE opening in 2013, PARKROYAL on Pickering has played a significant role in redefining the hospitality landscape, positioning itself and Singapore as global leaders in green high-rise developments. The hotel is distinguished by its unique architecture and design. It has adopted a hotel-in-a-garden concept
        440 words
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      Lock icon SingEx Exhibition Ventures
      635 21  -  TRADE CONFERENCE ORGANISER OF THE YEAR By Narendra Aggarwal THE inaugural Internet of Things Asia conference was held in Singapore last year and for having done a great job in organising it, SingEx Exhibition Ventures won the Trade Conference Organiser of the Year award. IoT Asia 2014
      635 words
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      Lock icon HRM Asia
      442 21  -  EXHIBITION ORGANISER OF THE YEAR By Narendra Aggarwal SINGAPORE-BASED HRM Asia won the Exhibition Organiser of the Year award at the Singapore Experience Awards 2015 for outstanding work in organising the HR Summit 2014. The summit’s key additions included a new venue layout at the refurbished Suntec Convention
      442 words
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      Lock icon Tour East Singapore
      509 21  -  MEETING/INCENTIVE ORGANISER OF THE YEAR By Narendra Aggarwal TOUR East Singapore has been recognised at the Singapore Experience Awards as the Meeting/Incentive Organiser of the Year for helping with Telstra GES LKO 2014 held at the Marina Bay Sands last July. The international meeting was held by
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      Lock icon MCI Group Asia Pacific
      391 21  -  ASSOCIATION CONFERENCE ORGANISER OF THE YEAR By Narendra Aggarwal HELD for the first time in Singapore, the International Symposium on Pediatric Neuro-Oncology 2014 helped MCI Group Asia Pacific to win the Association Conference Organiser of the Year award at the Singapore Experience Awards 2015 in the
      391 words
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  • BANKING & FINANCE
    • Article
      Lock icon Goldman boosts bullish bet on Aussie banks
      478 22 BLOOMBERG Sydney GOLDMAN Sachs Asset Management is even more bullish on Australian bank shares after a slew of capital raisings by the nation’s largest lenders dragged stock prices lower. The money manager, which oversees about A$6 billion (S$5.97 billion) in Australian equities, increased
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      Lock icon Credit Suisse Asia-Pac aims to double pre-tax gain by 2018
      833 22  -  Strategy lies in targeted private and investment banking services for Asian entrepreneurs By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CREDIT Suisse Asia Pacific plans to double its pre-tax income by 2018, as the Swiss bank claims stake on the swell of
      833 words
    • Article
      Lock icon Barclays to pay new CEO up to £8.24m a year
      780 22 REUTERS London BARCLAYS plc said it will pay incoming chief executive James Staley up to £8.24 million (S$17.6 million) a year after appointing the former JPMorgan investment bank boss to one of the most prominent posts in British business. Mr
      REUTERS  -  780 words
    • Article
      Lock icon Australia’s NAB to sell insurance stake, divest British bank
      599 22 It also reports 19.7% rise in annual net profit to A$6.34b for the year AFP Sydney NATIONAL Australia Bank on Wednesday announced the sale of an 80 per cent stake in its insurance business to Japan’s Nippon Life for US$1.7 billion
      AFP  -  599 words
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      530 22 NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ALKEMAL SERVICES PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****6058G) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 23 October
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      31 22 V8S; ±-Xi*fe DARREN WANG in by FRANKIE CHEN VIVIAN SUN ¥51 DINO LEE r.G Ai 1 a r > UFM100.3tSM --r. y www.omy.sg HjSH dR SCANS WATCH NOW more showbiz.omy.sg HITMAN a
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  • ENERGY & COMMODITIES
    • GASTECH 2015
      • Article
        Lock icon Race is on for Indonesia LNG supply chain deal
        702 24  -  State utility PLN to meet short-listed companies this week, for supply and distribution contract tender By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore INDONESIA’S state-owned utility PLN expects to issue before the weekend a request for proposals towards a liquefied natural gas
        702 words
      • Article
        Lock icon Jakarta delays nod for first floating LNG plant
        594 24  -  Energy ministry says an independent study will be conducted to re-evaluate onshore and FLNG concepts By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore INDONESIA’s energy ministry will hold back the approval for a multi-bil-lion floating liquefied natural gas (FLNG) plant proposed for Inpex-led
        594 words
    • Article
      Lock icon Haze cuts Indonesia’s oil production as pollution affects workers
      371 24 BLOOMBERG Jakarta INDONESIA’S forest fires are cutting the country’s crude oil production and briefly shut a BP plc gas plant this month, in the first signs the haze pollution is affecting industry. Haze from the fires on Sumatra island means oil
      BLOOMBERG  -  371 words
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      Lock icon Shell takes US$2b charge to quit oil-sands project
      664 24 It is halting work at Carmon Creek after deciding the development couldn’t compete in its portfolio BLOOMBERG Calgary ROYAL Dutch Shell plc made its second major strategic change in as many months, announcing it will take a US$2 billion charge as it
      BLOOMBERG; PHOTO: AFP  -  664 words
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      919 24 NOTICES ROWSLEY LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****8381D) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Rowsley Ltd. (the “Company”) will be held at Holiday Inn Singapore Atrium, 317 Outram Road, Singapore *****5 on Monday, 16 November 2015 at 11.00 a.m. for
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      993 25 INITIAL PUBLIC OFFERING JUMBO GROUP LIMITED (Company Registration Number *****3401Z) (Incorporated in the Republic of Singapore) INVITATION IN RESPECT OF 88,233,000 NEW SHARES COMPRISING: (1) 2,000,000 Offer Shares at S$0.25 for each Offer Share by way of public offer; and (2) 86,233,000 Placement Shares at S$0.25 for each Placement Share
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  • TECHNOLOGY
    • Article
      Lock icon Apple Q4 profit up 31% on iPhone sales but outlook seems muted
      832 26 Sales in Greater China almost doubles to US$12.5b; IPad sales continue to tank NYT New York APPLE on Tuesday turned in another quarter of enviable revenue and profit growth, fuelled by sales of the iPhone. But the results
      NYT  -  832 words
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      Lock icon Forecasts from Twitter, flat user growth send stock diving
      842 26 NYT San Francisco JACK Dorsey, the co-founder and newly returned chief executive of Twitter, seems to be quite adept at scaring investors. On Tuesday, Twitter gave a dismal forecast for its fourth-quarter revenue and profits. Shares in Twitter, a social media
      NYT  -  842 words
    • Article
      Lock icon Online freedom falls for fifth year in row: survey
      358 26 AFP Washington GLOBAL online freedom declined for a fifth consecutive year as more governments stepped up electronic surveillance and clamped down on dissidents using blogs or social media, a survey showed on Wednesday. The annual report by non-govern-ment watchdog Freedom House
      AFP  -  358 words
    • Article
      Lock icon Amex to roll out Apple Pay in S’pore next year
      254 26 STRAITS TIMES ONLINE Singapore AMERICAN Express (Amex) card users in Singapore can start tapping their iPhone, iPad and Apple Watch to pay for goods next year. Amex announced on Wednesday that it would roll out Apple’s mobile payment service, Apple
      STRAITS TIMES ONLINE  -  254 words
    • Article
      Lock icon US regulator probing IBM’s books; move sends shares down 4%
      356 26 REUTERS San Francisco THE US Securities and Exchange Commission (SEC) is investigating how the International Business Machines Corp (IBM) recognised revenue for certain deals in the United States, Britain and Ireland, IBM said on Tuesday, news that sent its shares
      REUTERS  -  356 words
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      46 26 HOT PROPERTY 3-STY SEMI-D 4,000sf. 6+1 with Attic, Pool roof terr. Near MRT, Malls Schs 2years lease. CASHEW CRES 4251SF. Modern Inter terr. 3 sty, roof pool, lift Furn, MRT. LANDED PROPERTIES FOR RENT Check out these properties and more in The Straits Times Classified now!
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      27 26 Hot heels on the of the bestselling 50 Things To Love About Singapore comes this abridged version in paperback. Available at all major bookstores and on www.stpressbooks.com.sg
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      309 26 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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      51 27 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m s g I www.sphclass.com.sg/notices Get rid of the new neighbours Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289
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  • CONSUMER
    • Article
      Lock icon Alibaba defies China slowdown amid mobile-spending shift
      699 28 It is making more money on each mobile purchase by offering better advertising opportunities for merchants BLOOMBERG Hong Kong ALIBABA Group Holding Ltd defied China’s economic slowdown by capturing the shift of consumer spending to smartphones and expanding advertising on mobile devices. Alibaba
      BLOOMBERG  -  699 words
    • Article, Illustration
      Lock icon Hello Kitty, farewell Rolex, as HK shoppers go downmarket
      750 28 BLOOMBERG Hong Kong IN Hong Kong, fancy purses are out, sneakers are in. US luxury handbag maker Coach Inc opened its four-story flagship store in the heart of Hong Kong’s Central district to much fanfare in June 2008, with a celebrity-studded,
      BLOOMBERG; PHOTO: BLOOMBERG  -  750 words
    • Article
      Lock icon US drugstore Walgreens buying peer Rite Aid
      611 28 NYT New York AS companies throughout the universe of the healthcare industry accelerate the pace of consolidation, two of the country’s biggest drugstore chains have agreed to combine to create a new giant. Walgreens Boots Alliance said on Tuesday that it would buy
      NYT  -  611 words
    • Article
      Lock icon AB InBev extends SABMiller offer by a week
      414 28 AFP Brussels THE world’s biggest brewer An-heuser-Busch InBev on Wednesday said it and takeover target, British rival SABMiller, had agreed to extend its massive offer by a week to allow for further discussions. AB InBev, the giant behind top lager brands such
      AFP  -  414 words
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      409 28 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF YEH BROTHERS SOLAR PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****4354E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Plo 424 Jalan
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      41 28 THREE OF A KIND Sandeep Chatterjee, Sam Bedi and Druv Kent are Singapore-based musicians with links to the corporate world Her paintings are inspired by Chinese opera GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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      47 28 The Best Deals for You Your Baby! Singapore Expo Hall 6B zo-zz November zoi^ llam-9pm (Fri Sat) 11 am-8pm (Sun) Baby Baby Exhibition Bi-Hourly Lucky Di iw V BENS a Organised b,: For more information, visit (sphere www.babybabysg.com or call us (65) 6319 4020 Ki babybabysingapore babybabysg
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  • TRANSPORT
    • Article, Illustration
      Lock icon Japan’s carmakers proceed with caution on self-driving cars
      617 29 They’re unwilling to take a software-testing approach and put features on the road before they’re deemed to be ready BLOOMBERG Tokyo THE technology in use is virtually identical: cameras, radar, and GPS working together to turn cars into self-driving machines. What separates
      BLOOMBERG; PHOTO: REUTERS  -  617 words
    • Article
      Lock icon Illegal modifications: More frequent car checks for errant motorists
      384 29 STRAITS TIMES ONLINE Singapore FROM Nov 1, motorists caught with il-legally-modified engines or exhaust systems in their vehicles for a second or subsequent time will be subjected to more frequent mandatory vehicle inspections. Under this enhanced inspection regime, second-time offenders will
      STRAITS TIMES ONLINE  -  384 words
    • Article
      Lock icon VW slumps to first quarterly loss in at least 15 years
      349 29 REUTERS Berlin VOLKSWAGEN posted its first quarterly loss in at least 15 years, slammed by costs related to its rigging of diesel emissions tests, and lowered its profit outlook. The German group on Wednesday reported a third-quarter operating loss
      REUTERS  -  349 words
    • Article
      Lock icon China-Europe rail links open way for more trade in fresh food
      440 29 REUTERS Beijing RISING investment in rail links between China and Europe could boost Chinese imports of fresh foods such as meat and dairy products, predicts a new report from Dutch bank Rabobank. Railway lines built in recent years connecting
      REUTERS  -  440 words
    • Article
      Lock icon SHIPPING TIMES
      794 34 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
      794 words
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      907 29 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
      907 words
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      Lock icon Page 29 Advertisements Column 2
      1050 29 SUNRIGHT SUNRIGHT LIMITED Company Registration Number *****0523M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 37 ,h Annual General Meeting of the Company will be held at Lounge 1883, Level 1, Singapore Recreation Club, B Connaught Drive, Singapore *****2 on Thursday,
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Early indications suggest China’s economy is stabilising
      616 30 Several private surveys on different sectors paint a slightly better economic picture in October BLOOMBERG Beijing WITH a preliminary reading of the manufacturing industry scrapped this month by Markit Economics and Caixin Media, analysts must search a bit harder for the pulse of
      BLOOMBERG; PHOTO: REUTERS  -  616 words
    • Article
      Lock icon Norway’s wealth fund suffers biggest loss in 4 years
      521 30 BLOOMBERG Oslo THE world’s largest sovereign wealth fund posted its biggest loss in four years dragged down by Chinese stocks and Volkswagen AG, just as the Norwegian government prepares to make its first ever withdrawals to plug budget deficits. The US$860
      BLOOMBERG  -  521 words
    • Article
      Lock icon Dispute with Cameron opens new challenge to Britain’s House of Lords
      897 30 His office announces a review of the chamber’s powers after it derails planned budget cuts NYT London UNELECTED, overcrowded and with an age profile similar to many retirement homes, Britain’s House of Lords nevertheless has a gift for surviving,
      NYT  -  897 words
    • Article
      Lock icon EU to open up services sector in revamp of single market
      361 30 Draft plan aims to lower competitive barriers in construction, engineering and accounting REUTERS Brussels THE European Commission wants construction and engineering companies to expand beyond national borders under a broad revamp of the EU single market to open up
      REUTERS  -  361 words
    • Article
      Lock icon South Africa’s economy at risk from possible US rate hike
      456 30 REUTERS BLOOMBERG Johannesburg SOUTH Africa’s economy remains at risk from an interest rate increase in the United States due to its still rising levels of external debt, the central bank said on Wednesday, hours ahead of a policy decision by
      REUTERS; BLOOMBERG  -  456 words
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  • OPINION
    • Article
      Lock icon Optimum course for China, Japan is fuller economic cooperation
      565 32 EDITORIAL Sino-Japanese economic rivalry has begun to take on forms that could scarcely have been imagined only a few years ago. This reflects a diplomatic adroitness on Beijing’s part which Tokyo seems unable to match. That said, however, rivalry between the
      565 words
    • Article, Illustration
      Lock icon Barings Futures debacle: A lesson learnt for Singapore
      850 32  -  THE BOTTOM LINE By David Mason T The writer, a business communications consultant in the UK, was a Price Waterhouse Singapore partner in the 1980s and 1990s THE year 2015 has been an eventful one for Singapore. The death of Lee Kuan
      850 words
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      Lock icon What can Indonesia do about the haze?
      1293 32  -  Jakarta could do a cost-benefit analysis on supporting industries linked to the problem, to see whether the returns from them are worth the costs suffered. BY EUSTON QUAH AND TAN TSIAT SIONG BY EUSTON QUAH, TAN TSIAT SIONG T Prof Quah is president
      PHOTO: REUTERS  -  1,293 words
    • Article
      Lock icon Long journey ahead for OECD’s tax plan
      1058 33  -  COMMENTARY By Simon Clark T The writer is regional partner, Alternative investments, at kpmg in Singapore. The views expressed are his own ON Oct 5, the Organisation for Economic Co-operation and Development (OECD) announced new tax proposals under its Base Erosion and Profit
      1,058 words
    • Article
      Lock icon Global meltdown and the resulting crisis of confidence in financial engineering
      877 33  -  By Noah Smith BLOOMBERG VIEW LOTS of people say that economics was discredited by the financial crisis. That has a grain of truth to it most of the leading macroeconomics theories were more or less discredited by the Great
      BLOOMBERG VIEW  -  877 words
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      Lock icon How globally connected is S’pore?
      1181 33  -  Correcting misperceptions about the depth of globalisation is important because greater depth is associated with faster economic growth. BY PANKAJ GHEMAWAT AND STEVEN A ALTMAN growth.BY PANKAJ GHEMAWAT, STEVEN A ALTMAN T Prof Ghemawat is the Anselmo Rubiralta professor of global strategy at iese Business
      PHOTO: REUTERS  -  1,181 words
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      179 34 PLACE YOUR AD HERE r THE BUSINESS TIMES SHIPPING TIMES CALL JOE WO IMG AT 9620 1327 FORWARDER urgently needed by shippers Her* ADVERTISE, CALI IOE WONG 9620 1 they -Find your service t in the Shipping Time PING TIMES Spotlig Award ht Wins Certifications Come publicise your Award Wins
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon WTA chief hopes S’pore will host Finals even beyond 2018
      642 35  -  Investment in time and money needed to make it ‘very special’, she says By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE has a five-year deal to host the annual BNP Paribas Women’s Tennis Association (WTA) Finals until 2018, but WTA president
      642 words
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      Lock icon Trans revolution makes Thailand a global gender-change destination
      711 35 BLOOMBERG Sydney BENY and Yael Gangian spent more than US$30,000 to help their transgender daughter Eimy complete her long-sought-for change of sexual identity. For the Israeli family, who used money saved for 18 years, borrowed from a bank and donated by family
      BLOOMBERG; PHOTO: BLOOMBERG  -  711 words
    • Article, Illustration
      Lock icon Love locks: A scourge in Paris prevails in other cities
      905 35 NYT Paris WHEN an estimated 45 tonnes of eternal love (roughly 700,000 padlocks) were removed from the Pont des Arts bridge in Paris on June 1, love as we knew it did not end, despite the outpouring of mourning on
      NYT; PHOTO: NYT  -  905 words
  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      361 35 CRYPTIC CROSSWORD Across 1 Former lover was modelling, laid bare (7) 5 Embarrassed when actor initially exploits director (7) 9 Re stoop it could make you most short (7) 10 Turn to bat proceeds to lose wicket (7) 11 Man in services seen with empty lorry on a frequent basis
      361 words
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