The Business Times, 30 October 2015

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Total Pages: 34
1 34 The Business Times
  • 35 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 $h A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg I3 D @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Friday, October 30, 2015
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  • 28 1 MARKETS Thursday Change STI 3,001.51 -39.00 KL COMP 1,666.98 -19.53 NIKKEI 225 18,935.71 +32.69 HANG SENG 22,819.94 -136.63 SHENZHEN B 1,151.85 +7.58 DOW (11.45am EDT) 17,728.48 -51.04
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  • Article, Illustration
    230 1 Commuters in Singapore will gain direct access to the greater Central Business District and the Marina Bay areas with three new stations added in the sixth stage of the Circle Line, scheduled to be completed in 2025. TOP STORIES 2 Singapore is on track to double its productivity
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  • 724 1  -  He calls on Singapore to free itself from ‘old economic ideas’ and to have political courage to make policy U-turns By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore PRIVATISATION of Singapore’s public transport system may have gone “too far”, and the government
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  • 759 1  -  While overall unemployment remains unchanged, MOM report says the figure’s up for citizens and residents By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE overall unemployment rate in Singapore remained unchanged at 2 per cent in the third quarter of the year, although
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  • Page 1 Advertisements
    • 26 1 8 "*****1 *****4 INTERVIEW WITH SUNNY VERGHESE Olam in a very good place today: CEO TOP STORIES 4 B V LG A R I ROMA LVCEA
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    • 25 1 FUTURE ECONOMY No ‘one-size-fits-all’ approach to sustainable growth: Heng Swee Keat top stories 2 REJECTED Bids for Ubi industrial site ‘too low’: HDBREAL ESTATE 19
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    • 40 1 HOCK LOCK SIEW Time to rethink the need for buying-in COMPANIES MARKETS 8 SINGAPORE WRITERS FESTIVAL Michael Sandel on what money can’t buy Mrs Moneypenny on financial pitfalls for women BT LIFESTYLE 34 Ayesha Khanna on the future of work
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  • TOP STORIES
    • 944 2  -  Stations will close the loop for the rail line, improve access to other lines and raise property values along the stretch By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE commuters will have direct access to the greater Central Business District
      Source: Land Transport Authority BT Graphics  -  944 words
    • FUTURE ECONOMY
    • 699 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore HEADWINDS depressed tourism spend in the first half of this year, as tourism receipts slumped 12 per cent year on year to S$ 10.5 billion against a smaller decline in visitor arrivals. Visitor arrivals
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    • 1088 4  -  It has refocused its strategy after a shortseller attack three years ago and is now back on its growth trajectory By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THREE years after a damaging shortseller attack sent shares of Olam International spiralling to unseen depths,
      SPH FILE PHOTO  -  1,088 words
    • 651 4  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINO-SINGAPORE Jilin Food Zone (SSJFZ) could potentially draw a higher proportion of foreign investors compared with other food zones in China in part because of the Singapore branding. “The fact that it is associated with Singapore Western
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    • 426 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore DISPELLING reports to the contrary, Deputy Prime Minister Tharman Shanmugaratnam said on Thursday that Singapore is on track to double its productivity growth. “Productivity today is significantly higher than when we started,” he told
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    • 868 6  -  It aims to meet a growing demand for fast-tracked liquefied natural gas import solutions GASTECH 2015 By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore BW Maritime is set to expand its fleet of floating regasification and storage units to meet growing demand for fast-tracked
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    • 733 6 BLOOMBERG Washington THE US Federal Reserve kept interest rates unchanged on Wednesday and, in a direct reference to its next policy meeting, put a December rate hike firmly in play. Even as the Fed was debating a rate hike,
      BLOOMBERG  -  733 words
    • 821 6 BT Explains LNG is a clear, colourless, non-toxic liquid that forms when natural gas is cooled to around -162 degree Celsius. In liquefied form, natural gas can be transported in compressed volume across oceans without pipelines in between. LNG can be regasified and distributed for electricity
      Photo credits: BW Maritime, Petronas, Shell, Keppel, Sembcorp Marine, Singapore LNG.; BT Graphics: Tan Hwee Hwee & Lynette Neo  -  821 words

  • Page 3 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • COMPANIES & MARKETS
    • 742 8  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT ON Wednesday, 6.9 million YuuZoo shares were bought-in by the Singapore Exchange (SGX) at an average price that was just above S$0.20 apiece. The buy-ing-in was conducted in two parcels comprising 5.9 million and one
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    • 620 8  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THERE are certain attributes that make a business more vulnerable to a shortseller attack, and companies have to make sure to avoid having these if they do not want to be targeted, said Sunny Verghese, CEO
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    • 362 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore DRAGGED down in part by lower revenue amid a challenging operating environment, Global Premium Hotels reported a 30.1 per cent year-on-year slide in profit to S$3.57 million for the third quarter ended Sept 30. A dip in tourist
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    • 715 10  -  It cites higher interest expenses; group revenue and net property income outperform projections By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GROUP revenue and net property income at Frasers Hospitality Trust (FHT) were both better than forecast for the fiscal fourth quarter. But distribution
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    • 401 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ASCOTT Residence Trust (Ascott Reit) on Thursday reported a 2 per cent year-on-year dip in distribution per unit (DPU) to 2.07 Singapore cents for the third quarter ended Sept 30. This came on
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    • 336 10  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore MILLENNIUM Copthorne Hotels (M&C), the London-listed hotel arm of City Developments, has posted a 33.3 per cent drop in third-quarter group net profit to £24 million from £36 million a year ago. Revenue fell 2.8
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    • 530 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CDL Hospitality Trust (CDLHT) posted a 9.7 per cent drop in distribution per stapled security (DPS) to 2.36 Singapore cents for the third quarter ended Sept 30, 2015 dragged by weaker performance of its Singapore, Australia
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    • CORPORATE DIGEST
      • 94 10 AIMS AMP Capital Industrial Reit on Thursday posted a 1.8 per cent increase in distribution per unit (DPU) to 2.8 Singapore cents for the second quarter ended Sept 30, 2015. Gross revenue rose 3.2 per cent to S$31.3 million; net property income climbed 2.4 per cent
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      • 35 10 NOBLE Group has on Oct 16 fully redeemed the RM300 million notes due 2015 issued under its multi-currency Islamic medium term note programme. The fixed rate for the notes was 4.5 per cent.
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      • 82 10 AGRIBUSINESS group IndoAgri reported a net loss of 153.8 billion rupiah (S$15.84 million) for the third quarter ended Sept 30, 2015, on lower commodity prices, higher losses from Brazilian subsidiary CMAA and unrealised foreign-currency losses a reversal from a net profit of 125 billion rupiah in the year-ago period.
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      • 65 10 AUSGROUP reported a net profit of A$348,000, down from A$2.83 million a year ago, for the first quarter ended Sept 30 due to higher costs and expenses. Revenue edged up 1.7 per cent to S$132.75 million, driven by a better-than-expected performance in the maintenance services and access services business
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      • 41 10 YuuZoo Corp has been granted a full gaming licence by the Nigerian authorities, enabling Yuuzoo to offer Lotto gaming in Nigeria’s Edo State. In Nigeria, Yuuzoo also plans to introduce its popular Honey Snatch mobile game, and football games.
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    • 453 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A MARKED slide in all of its three major business segments plus a sizeable provision for doubtful receivables weighed on the bottomline for utilities group Sembcorp Industries for the third quarter, with the group
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    • 420 10  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore TUAN Sing Holdings has posted an 8 per cent drop in third-quarter net profit to S$ 16.2 million due to an impairment loss of S$7.7 million relating to the group’s development land in Fuzhou, China. “Excluding
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    • 714 12  -  39-point dip brings the index’s three-day consecutive losses to 82 points; volume stays low at S$957 million STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT NEWS from the US that the Federal Reserve has left the door open for an interest rate hike in
      Source: Bloomberg  -  714 words
    • 307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 xd -2 245/240 271 213 6 6123.7 CapitaLand 313 -8 322/312 379 267 11.5 2.9 *****.2 CapitaMall Trust 198.5 xd -3.5 202/198 228 184.5 5.5 6888.8 CityDev 808 -18 832/807 1095
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    • 36 12 VOLUME Noble 83,363,600 Addvalue Tech 49,871,600 APAC Strategic R 43,867,000 Ezra 43,262,000 Loyz Energy 38,028,600 Market volume 1,406,634,000 VALUE Singtel 101,087,492 DBS Grp 75,866,888 OCBC Bank 67,008,357 CapitaLand 46,339,306 Noble 44,078,622 Market value 969,906,000
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    • 109 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 305 -4 204 311/304 355/280 304/305 DBXT MSRussia US$ US183 -1 74 186/183 245/140 182/183 Nikko AM STI ETF 310 -3 32 314/310 422/283 309/310 7.5 DBXT MSBrazil US$ US252 -4 24 252/252 472/226
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    • 77 12 Oct 29 VALUE CLOSE BT OB/OS 88.00 -242.00 BT CADI -*****.00 -102.00 BT 10-day MA -*****.00 +9.00 FTSE ST Mid Cap 706.12 -5.39 FTSE ST Small Cap 425.11 -3.22 FTSE ST All Share 726.41 -8.51 FTSE ST China Top 180.35 -2.63 FTSE ST China 222.02 -3.76 FTSE
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    • 36 12 STI FTSE ST All-Share FTSE ST All-Share index Oct 29, 2015 726.41 -8.51 (-1.16%) Current streak 3 days Day high 739.15 Day low 726.08 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • 33 12 STI MSCI EAFE MSCI EAFE index Oct 28,2015 1,776.71 +12.51 (+0.71%) Current streak 1 day Day high 1,779.89 Day low 1,759.92 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 3 0 0 0 2 10 3 Manufacturing 30 52 29 4 9 14 34 61 43 Commerce 15 25 11 5 3 5 20 28 16 Tpt/Stor/Comms 8 21 7
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    • 123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,711 11,711 43,894 43,894 Manufacturing 141,966 56,177 198,143 88,005 4,247 92,252 Commerce 126,726 76,385 203,111 96,204 4,799 101,003 Tpt/Stor/Comms 132,463 1,250 133,713 176,597 112 176,709 Finance 29,685 10 29,695 206,770 1 206,772 Construction 18,789 14,308
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    • 78 12 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 297.5 1.0 *****/***** DBXT iBoxxSing SG$ ***** 31.0 0.2 *****/***** DBS Bk 4.7% NCPS ***** 15.0 0.1 *****/***** Lyxor World US$ 180 14.7 6.2 183.5/155.9 Haw Par Corp 843 13.0 1.6 953/780 BY PERCENTAGE CLOSE UP 52w high/low CapitalaMBeCW*****1
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    • 76 12 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 7086 -531.9 -5.1 9182/6250 DBXT Nifty US$ ***** -387.3 -2.1 *****/***** DBXT E50 US$ 4856 -202.1 -2.9 5300/4350 GLD US$ ***** -162.8 -1.0 *****/***** JMH USD 5304 -148.7 -2.0 6788/4502 BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBeCW*****9 0.2 -60.0 -0.3
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    • 82 12 VOL CLOSE($) CHANGE EastGate Tech 848.7 0.018 +0.003 +20.00 HTL Intl 4,146.6 0.380 -0.095 -20.00 Jadason 510.1 0.016 +0.002 +14.29 Jubilee Ind 672.0 0.036 +0.006 +20.00 Versalink 80.0 0.196 +0.017 +9.50 Global Tech 1,657.0 0.019 +0.001 +5.56 New Toyo 862.3 0.194 -0.011 -5.37 AnnAik 728.0 0.085 +0.003 +3.66
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    • 442 12  -  Compiled by Claire Huang OCBC Buy Oct 29 close: S$9.08 Target price: S$10.70 RHB Research Institute, Oct 29 OCBC Q3 2015 core net profit fell 14 per cent quarter on quarter mainly on lower non-interest income and higher provisions. Maintain “buy”, with a lower target price of S$10.70
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    • 7 12 DATA I Singapore quarterly business expectations
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    • 453 13 CURRENCIES BLOOMBERG London THE dollar retreated from the strongest level in more than two months versus the euro as investors looked beyond the growing probability of a Federal Reserve interest-rate increase this year to focus on US growth and jobs
      BLOOMBERG  -  453 words
    • FOREX RATES
      • Article, Illustration
        2 13
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      • 471 13 Oct 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.939 4.516 0.650 5.505 46.260 96.394 0.858 8.121 3.045 1.067 74.889 33.319 0.997 9.795 0.705 23.168 25.288 0.465 0.710 Canada 1.065 4.809
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      • Article, Illustration
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      • Article, Illustration
        2 13
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      • 155 13 Oct 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9968 0.9970 0.7103 0.7104 Canadian dollar 1.0613 1.0620 0.7567 0.7563 Euro 1.5334 1.5337 1.0927 1.0928 NZ dollar 0.9343 0.9347 0.6658 0.6660 Sterling pound 2.1419 2.1426 1.5263 1.5266
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      • 22 13 Oct 29 S$ Bid Offer 1-month 1.4045 1.4050 2-months 1.4058 1.4063 3-months 1.4072 1.4076 6-months 1.4102 1.4110 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 389 13 Oct 29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct15 *****.50 *****.50 9980.00 *****.00 ***** ***** Nov15 9995.00 *****.50 9970.00 *****.50 *****8 *****1 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****4 Mar16 *****.00 *****.00 *****.00 *****.00 38 1463 MSCI TAIWAN
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      • 204 13 Most active Oct 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.3 -0.2 ***** 1 18 12 OCBC Bk MB eCW*****6 9.9 -0.9 5475 0.2 995 6 DBS MB eCW*****1 9.3 -1.2 5278 0.1 1860
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      • 373 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 28 Index Change Change Change Change Change Change World Preliminary 1305.0 0.8 2.3 0.7 5.1 0.8 0.0 EAFE Preliminary 1034.7 0.8 4.9 0.6 5.2 0.7 0.1 Europe Preliminary 1450.8 1.1 5.0
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    • BANK RATES
      • 154 13 Oct 29 $S Offer Bid 0vernight 0.25 0.05 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 1.25 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • 65 13 Oct 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.34 100.43 100.43 5-Year N*****0S 2.000 01-Jul-20 100.84 100.99 100.88 10-Year NX*****Z 2.375 01-Jun-25 99.92 100.30 100.05 15-Year NZ*****F 2.875 01-Sep-30 102.66 20-Year NZ*****V 3.375 01-Sep-33 109.82 110.20 109.90
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    • AGRI METALS ENERGY
      • 193 13 Oct-28 Price Net change change Last Trade Agricultural Oct-28 CBOT Soybeans (US cents/bu) 881.50 -9.75 -1.09% 13/11/2015 CBOT Soybean Oil (US cents/lb) 28.11 0.22 0.79% 14/12/2015 CBOT Wheat (US cents/bu) 506.00 -3.25 -0.64% 14/12/2015 Oct-28 LIFFE Cocoa (£/tonne) 2200.00 7.00 0.32% 14/12/2015 LIFFE Coffee (US$/tonne) 1540.00 14.00 0.92%
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      • 57 13 Oct 29 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2269.0 2253.0 2269.0 2220.0 490 3221 Dec 15 2315.0 2323.0 2326.0 2287.0 3650 ***** Jan 16 2353.0 2370.0 2372.0 2331.0 ***** ***** Feb 16 2382.0 2403.0
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    • 370 14  -  Trendlines seals MOU with German healthcare company B Braun to boost mutual deal flow By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE Trendlines Group, an Israeli medical and agricultural technology incubator, on Thursday announced it has lodged its preliminary offer document for its proposed
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    • 264 14  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BAKER Technology posted a 38 per cent drop year on year in net profit to S$2.66 million for the third quarter ended Sept 30, in line with lower revenue. Revenue fell sharply from S$21.11
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    • 203 14  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ENGINEERING, maintenance and subsea services group MTQCorp sank into the red with a net loss of S$501,000 for the quarter ended Sept 30, compared to a profit of S$5.28 million for the corresponding quarter
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    • 187 14  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE judicial managers of CNA Group said the company has sold the build-ing-controls systems provider’s Singapore business to CNA president and chief executive Michael Ong for S$300,000 plus the replacement of existing performance bonds and guarantees.
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    • 1720 15 Transaction date: Oct 29 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company 35.2 15.2 A-Sonic Aero Sale Vol ('000) High Day Low 153 131.5 AIMSAMP Cap Reit C'vr GrYld 183 129.5 ARA Asset Mgmt 143 unch 883
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    • 336 15 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 0.8 0.6 t APAC Strategic R ('000) 12.2 3.9 t Abundance Intl Day Low Div C'vr GrYld Net P/E MCap 35 2.8 1 t Asian Micro t SCnergy
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    • 110 15 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol C000) 472 226 DBXT MSBrazil US$ US252 -4 24 252 252 1750 1151 DBXT MSCHINA US$ US1314 -10 1 1314 1310 6246 4478 DBXT MSKorea US$ US5410
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  • Page 8 Advertisements
    • 1967 8 SINGAPORE PRESS HOLDINGS LIMITED INCORPORATED IN SINGAPORE. CO. REG. NO. *****2868E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-First Annual General Meeting of Singapore Press Holdings Limited (the “Company”) will be held at the Auditorium, 1000 Toa Payoh North, News Centre, 1st Storey, Annexe Block, Singapore
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  • Page 9 Advertisements
    • 1896 9 SINGAPORE PRESS HOLDINGS LIMITED INCORPORATED IN SINGAPORE. CO. REG. NO. *****2868E Chairman’s Statement The past financial year witnessed considerable global market uncertainty and currency volatility. The Greek crisis, coupled with China’s economic slowdown, impacted the world economy and Singapore too. SPH’s performance was affected by these wider economic conditions. Despite
      1,896 words


  • Page 11 Advertisements
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  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 71 15 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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  • BANKING & FINANCE
    • 654 16 It will also move trading businesses, reduce number of investment banking clients BLOOMBERG Frankfurt DEUTSCHE Bank AG has said it will shrink the workforce by about 26,000 people by 2018 as co-chief executive officer John Cryan seeks to improve returns. Its shares
      BLOOMBERG; PHOTO: REUTERS  -  654 words
    • 323 16  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore PRIVATE banks may be missing the threat posed by the crowdfunding market, which is expected to be worth US$1 trillion in 10 years, a report by a Swiss research firm said on Thursday. This comes as the
      323 words
    • 274 16 BLOOMBERG Sydney AUSTRALIA New Zealand Banking Group Ltd (ANZ) has begun reducing its trade finance business in Asia to protect margins and bolster returns after the lender reported its slowest profit growth since 2008. Net loans at its international and institutional banking
      BLOOMBERG  -  274 words
  • Page 16 Advertisements
    • 60 16 GRAND OPEN NG KDJBE PROMOTION YOUR KITLHER YOUR LURY Kitchen leader 1991 since hV *Complimentary premium appliances ranging up to S9,999 with a minimum spend of Si2,888 ENJOY n% mteres KCUBE 25 New Industrial Road KHL Building #01-01 S*****1 interest installment payment plan Mon-Sat 0900-1800h Tel 6506 6917 Sun 1100
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  • TECHNOLOGY
    • 536 17 AFP Seoul SOUTH Korea’s Samsung Electronics pulled out of an extended earnings dive on Thursday, reporting a nearly 30 per cent surge in third-quarter net profit and announcing an 11.3 trillion won (S$ 13.9 billion) share buyback. Favourable exchange rates
      AFP  -  536 words
    • 325 17 BLOOMBERG San Francisco GOOGLE parent Alphabet Inc signed a deal to work with three Indonesian telecommunications firms to test its Internet-beaming balloons across the country, part of an effort to get more of the world online to broaden the audience for
      BLOOMBERG  -  325 words
    • 438 17 Major vendors, including Apple, ramp up special deals and financing plans to entice buyers AFP Washington GLOBAL smartphone sales gained in the third quarter as major vendors ramped up special deals and financing to attract buyers, a survey showed on Wednesday.
      AFP; PHOTO: AFP  -  438 words
  • Page 17 Advertisements
    • 56 17 S 2 m t r soil L K v #ftN 1A>|« &T 4 r®, 3|!iS?5p™ 7^# *y p CHEONG SOO PIENG, ABSTRACT, 1972 SOUTHEAST ASIAN ABSTRACTION A NEW DIALOGUE EXHIBITION 31 OCTOBER 2 NOVEMBER 2015 THE FULLERTON HOTEL SINGAPORE ENQUIRIES+65 5732 8239 SOTHEBYS.COM/S2ABSTRACTION Sotheby's GALLERY SOTHEBY’S IS PROUDLY EXHIBITING AT
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  • CONSUMER
    • 649 18 Deal will create world’s largest healthcare group with a market value of US$330 billion REUTERS New York PHARMACEUTICAL giant Pfizer Inc has held early talks with Botox-maker Allergan plc to discuss what could be the biggest takeover deal this year, the Wall Street
      REUTERS  -  649 words
    • 647 18 BLOOMBERG Seattle PAYPAL Holdings Inc chief executive officer Dan Schulman defended his strategy of inking deals with big merchants and smartphone app providers, and offering free peer-to-peer payments as investors sent shares down on concerns the efforts are hurting the company’s quarterly
      BLOOMBERG; PHOTO: BLOOMBERG  -  647 words
    • 328 18 AFP Tokyo SHARES in Japanese video-game giant Nintendo plunged as much as 10 per cent on Thursday, weighing on Tokyo’s broad-based Topix index, after saying it would delay the rollout of a smartphone game seen as crucial to its future. The
      AFP  -  328 words
    • 608 18 Beijing’s rebalancing of the economy has resulted in retail sales becoming a dominant driver of growth BLOOMBERG Hong Kong ALIBABA Group Holding’s bumper third quarter sales figures are noteworthy given that corporate profits across China are under pressure in an economy on
      BLOOMBERG  -  608 words
  • Page 18 Advertisements
    • 1161 18 NOTICES SPOTLESS MARKETING S.A. (In Voluntary Liquidation) Company No. (*****4) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 27th October, 2015. The Liquidator is Zheng Shushan of 65 Chulia
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  • REAL ESTATE
    • 486 19  -  Consultant says rejection not in line with govt’s intention to bring down prices By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Housing Development Board (HDB) on Thursday said that it has not accepted any bids for an industrial development site at Ubi
      Source: HDB  -  486 words
    • 221 19 BLOOMBERG Hong Kong HONG Kong’s existing-home transactions probably fell to the lowest level in almost 20 years in October as prospective buyers are waiting for prices to drop and sellers refrain from settling for less money, according to Ricacorp Properties Ltd. Derek
      BLOOMBERG  -  221 words
    • 388 19 Singapore BUILDING and Construction Authority (BCA) CEO John Keung has won the World Green Building Council’s (WorldGBC) Chairman’s Award 2015 for his efforts in advancing the green building movement here. He was one of three recipients who accepted the award at the WorldGBC
      388 words
    • 573 21 Qatar will take 44% stake in the 7 million sq ft development BLOOMBERG New York BROOKFIELD Property Partners LP and Qatar Investment Authority have formed a joint venture on Manhattan West, an US$8.6 billion mixed-use project under construction on New York’s far
      BLOOMBERG; PHOTO: REUTERS  -  573 words
    • 332 21 BLOOMBERG London LONDON and Hong Kong are the cities most at risk of a housing bubble as real estate begins to look overvalued, according to UBS Group. The UK capital is now the sec-ond-least affordable of the 15 urban centres studied
      BLOOMBERG  -  332 words
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    • 76 19 A C AR F O R E V ERY P U R S E P U RP OS E 7 AND 8 NOVEMBER 2015 SATURDAY SUNDAY 10 AM 8 PM SINGAPORE EXPO HALL 5 ADMI SS I O N I S FREE IT’S TIME TO BUY A NEW CAR “Presenting
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  • 710 20 SPECIAL FEATURE There has been a 38.5 per cent increase in the number of properties put up for auction in the first half of 2015 compared to the previous six months, according to research done by ERA. From January to
    Photo: ERA Realty Network  -  710 words
  • Page 20 Advertisements
    • 134 20 D19 HOUSE FOR AUCTION 6 ST HELIER’S AVENUE Auction 30 Oct, Fri. Good Buy, 1-Storey Bungalow, Freehold, Original Condition. Land: 10,873 sqft, Floor: 2300 sqft. Redevelopment Potential.Call Jay *****403 ERA D28 APARTMENT FOR AUCTION THE GREENWICH Auction 30 Oct, Fri. #01-39, 1 bedroom Patio, 646 sqft, 99 years wef 2009,
      134 words
    • 148 20 D23 HOUSE FOR AUCTION 32 VERDE GROVE Auction 30 Oct, Fri. Must Sell! Terrace house, 5 bedrooms, 99 years wef 1997. Land: 1615 sf, Floor: 3100 sf, Mins to Yew Tee MRT. Call Jay *****403 ERA D07 SHOP FOR AUCTION SIM LIM SQUARE Bank Sale 30 Oct, Fri. 1st floor
      148 words
    • 128 20 D15 APARTMENT FOR AUCTION AMBER RESIDENCES Auction 30 Oct, Fri. #12-06, 3 bedrooms, Private lift, 1797 sqft, Freehold, Near TKPS, International School, Mins to Parkway Parade, Eateries, East Coast Park. Call Jay *****403 ERA Look out for property Auction deals in this feature every Tuesday in The Straits Times Friday
      128 words
    • 105 20 D27 APARTMENT FOR AUCTION 361A SEMBAWANG ROAD Bank Sale 30 Oct, Fri. Walk-up apartment. 3+1 bedrooms, 2120sf, Freehold, Maisonette, Near Orchid CC, Eateries, Golf Courses, Mins to Yishun/ Khatib MRT. Call Jay *****403 ERA D10 SHOP FOR AUCTION D’LEEDON Auction 19 Nov (Thu). 2 adjoining units. Restaurant/ Retail 1715 units
      105 words

  • Page 21 Advertisements
    • 626 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D10 HOUSE FOR SALE NASSIM Super Prime Nassim, Tanglin, 15k, 25k, 30k, 50k, 100k sf. Few plots. Sub divisible $2000psf up. View all! *****480 RENA D10 HOUSE FOR SALE Super Prime Nassim, Tanglin, 15k, 25k, 30k, 50k, 100k sf. Few PEEL
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    • 177 21 D28 HOUSE FOR SALE MUGLISTON Brand New 3.5-sty Modern Detached+ B1, full size pool, lift. Elevated 6220/ 9000 sf. 7+1 ensuite. face pk. Hilltop locale. Below val Jezmine Lin *****033 (GA) www.sglanded.net D04 APARTMENT FOR SALE REFLECTIONS AT KEPPEL BAY #20-90. Integrated Resort (IR) Marina View. Vacant. 1722 sq ft,
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  • Page 22 Advertisements
    • 295 22 D11 APARTMENT FOR SALE Olivia Lim S. P 8133 2261 NOVENA AREA Open House, Freehold The Luxury Edition. 1/2/3 bedrooms, 1-km to ACS SJI Junior. 5 mins walk to Novena MRT/ United Square Near Future Imperial College UK/NTU. Fr $18xxpsf, 1rm fr $97xk D19 APARTMENT FOR SALE THE LUXURIE Stylish
      295 words
    • 248 22 D11 HOUSE FOR RENT ANDREW ROAD Beautiful unique Balinese resort bunglw 2½-sty 6+2 bdrms with s/pool. Part furn. Great for entertainment. Land *****sf Built-up *****sf. $30K. Immediate. 9670 0518/ 9758 4944 D15 HOUSE FOR RENT 80A MEYER ROAD Prime location, near city. Bunglw, 5+1. Pte pool, carpark. Built-up 6300sf f/furn,
      248 words
    • 266 22 D10 APARTMENT FOR RENT YONG AN PARK 3-bedrooms. Partial Furnished, Quiet, Poolview, Full Facilities. $7000. Pls Call Magdalene 9029 8164 D11 APARTMENT FOR RENT PAVILION 11 Novena MRT. 1500 sq ft, 3-bedroom. High floor. Spacious balcony. Partially furnished. Available immediately. Call Lily 8588-6776 OrangeTee D16 APARTMENT FOR RENT CELESTIA JOO
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    • 284 22 D12 WAREHOUSE FOR RENT HAINAN INDUSTRIAL BUILDING Hainan Industrial Building Lorong Ampas off Balestier Road Size 306 sqm. Please Call: 6336 3457 D14 FACTORY FOR RENT SYNERGY KAKI BUKIT B2 Industrial 2nd floor/ bare unit/ 80amp. 2465 sqft. High ceiling with mezzanine. $3.8K neg. Immediate move in. Also for Sale.
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  • VEHICLES & LIFESTYLE
    • 468 23 New research shows people in primitive cultures get no more sleep than others REUTERS WASHINGTON Perhaps we cannot blame late-night TV, endless Internet surfing, midnight snacks, good books, bothersome work deadlines and other distractions of modern life for encroaching on our sleep.
      REUTERS; Photo: iStockphoto  -  468 words
  • Page 23 Advertisements
    • 128 23 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED BMW FOR SALE BMW X1 5/2012 BMW X1. Vicom Evaluated. OMV $30,607. COE $73,801. Service by agent. Subsidise up to $1000 for your insurance! Tel: 6841 7757 9620 0045 YONG LEE SENG MOTOR PTE LTD HONDA FOR SALE VEZEL ’X’ Model
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    • 102 23 TOYOTA FOR SALE ESTIMA AERAS PREMIUM New Estima Aeras Premium. Low downpayment/ interest 1.99%/ mthly $998/ G’teed immediate COE. 6848 4844 TOYOTA FOR SALE HARRIER ELEGANT New Toyota Harrier Premium/ Elegance, immed delivery $139,888. Limited Stock. Wheeler Dealers LLP #04-10 AML or Call 9386 0913/ 8188 3900 BUSINESS OPPORTUNITY THAI
      102 words
    • 177 23 American Boarding School Exhibition in Singapore Come meet representatives from four prestigious American boarding schools. Experienced admissions officers will present on how boarding schools can best prepare students for the world’s leading universities. Questions and answers with families will follow. Educational Consultant Jennifer Evans of Virginia J. Bush Associates, who
      177 words

  • GOVERNMENT & ECONOMY
    • 664 24  -  Historic change but economists doubt new policy will quickly redress population imbalance By Virginie Mangin btworld@sph.com.sg Beijing CHINA has officially ended its onechild policy, according to a communiqué issued at the close of the fifth plenum of the Communist Party’s Central
      PHOTO: REUTERS  -  664 words
    • 731 24  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan’s Policy Board could surprise financial markets by announcing further monetary easing when it meets on Friday, despite stronger than expected industrial output for September that was reported on Thursday for
      731 words
    • 723 24 Outgoing president blames England, US for the corruption scandal engulfing the organisation AFP Paris SEPP Blatter has claimed there was a deal to give Russia the 2018 World Cup before voting took place, and blamed “bad losers” England and the US
      AFP  -  723 words
    • 585 24  -  By Neil Behrmann btworld@sph.com.sg London ENERGY companies reporting dismal results are bracing themselves for a lengthy period of low oil and gas prices. The question that analysts are asking, however, is whether major cuts in capital and exploration
      PHOTO: AFP; PHOTO: BLOOMBERG  -  585 words


  • OPINION
    • 573 26 EDITORIAL FOR well over a year now, the Singapore economy has been in a funk of sorts. While none of the looming external threats actually grew into any full-blown crisis, the various uncertainties from eurozone woes to China’s slowdown, from falling oil prices to
      573 words
    • 705 26  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP GIVE it a B-minus. The US budget deal reached by congressional leaders has much for it to be commended. Its biggest virtue, assuming it’s passed by Congress and signed
      THE WASHINGTON POST WRITERS GROUP  -  705 words
    • 1352 26  -  America’s recent experience in the Middle East and the mess that its policies created in Iraq, Syria and Libya suggest that the conventional wisdom of ousting dictators is wrong By Leon Hadar WHEN World War I, also known as the Great War,
      PHOTO: REUTERS  -  1,352 words
    • 984 27  -  COMMENTARY By Anthony Rowley IS CHINA about to set off down the same mistaken path that Japan trod 35 years ago, when it acquiesced in a move by the (then) Group of Five (G5) leading world economic powers to appreciate the
      984 words
    • 780 27  -  By Paul Donovan T The writer is senior global economist at UBS OVER the course of the past few months, financial markets seem to have become caught up in a disinflation mentality. Disinflation is when the rate of inflation declines
      PHOTO: AFP  -  780 words
    • 1060 27  -  Good ideas are those that may sound obvious, but your unique execution makes it difficult for others to overtake you. BY LEE NG you.BY LEE NG T The writer is Innovation Management Office Leader at MetLife LumenLab INNOVATION is an overused word these
      PHOTO: REUTERS  -  1,060 words


  • TRANSPORT
    • 486 28  -  uberASSIST rides can be booked in minutes, are cheap and the service has 50 trained drivers, it says By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SAN Francisco-based ride-booking app Uber on Thursday launched uberASSIST in Singapore, its first transportation service for seniors and
      486 words
    • 574 28 BLOOMBERG Milan FIAT Chrysler Automobiles NV (FCA) reported an unexpected third-quarter net loss after one-time charges stemming from handling a US recall wiped out earnings gains from the company’s Italian-made Jeep sport utility vehicle. The loss totalled 306 million euros (S$470.9
      BLOOMBERG; PHOTO: REUTERS  -  574 words
    • 763 28 Diesel looks falling out of favour, say analysts, though it may still be popular in cost-conscious emerging markets REUTERS Tokyo THE Volkswagen diesel emissions test rigging scandal could accelerate a shift towards petrol-electric hybrid cars and plug-in electric hybrids even
      REUTERS  -  763 words
    • 486 28 AFP Brussels THE European Union (EU) offered Europe’s reeling car industry a reprieve on Wednesday, agreeing to ease pollution limits for diesel cars despite the fallout from the Volkswagen emissions cheating scandal. In a move that drew swift condemnation from environmental campaigners, EU
      AFP  -  486 words
    • 2154 29 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 TOYO
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  • Page 29 Advertisements
    • 95 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THEBLSLNESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via a5i3^ntime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a sea of
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  • Page 31 Advertisements
  • Page 31 Miscellaneous
    • 349 31 CRYPTIC CROSSWORD Across 1 Author not getting credit for site worth developing in Greece (5-6) 9 A doctor in trouble? Quite the opposite for a lover! (7) 10 Annie, perhaps, is in favour of going back, writing endlessly (6) 12 Offer, but lacking time to welcome American consumer (3-4) 13
      349 words



  • BT Lifestyle
    • ON MONEY, WORK AND SUCCESS
      • 582 34  -  The Singapore Writers Festival kicks off on Friday with 300 events spread over two weeks. Three participating writers in the fields of economics, finance and employment share details about their talks and discussions By Cheah Ui-Hoon uihoon@sph.com.sg THERE are fewer and fewer things that money can’t
        PHOTO: STEPHANIE MITCHELL  -  582 words
      • 613 34  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT HEATHER McGregor, the successful businesswoman and former author of the Financial Times’ Mrs Moneypenny column, has always been a straight-shooter. She has flustered her interviewers with her candour, make public jokes about her husband’s passion for golf, and
        613 words
      • 656 34  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT AYESHA Khanna is the CEO and co-founder of The Keys Academy, an enrichment firm which provides secondary school students the opportunity to apply their prob-lem-solving skills to real-life business challenges faced by leading companies. She has been published and
        656 words
    • CITY LIFE
      • 869 30  -  The five-day inaugural Peranakan Arts Festival aims to showcase a rich heritage through a diverse line-up of events. BY AVANTI NIM events.BY AVANTI NIM WHILE the Peranakan culture might be most closely associated with its well-loved cuisine, there is much more to it
        869 words
      • CITY BUZZ BT writers' picks of what to see, do or talk about
        • Article, Illustration
          234 30  -  By Helmi Yusof THEATRE Seed ONE of Singapore’s finest playwright-directors, Chong Tze Chien, returns to the stage with Seed, a profound work that’s set against the tragedy of the Fukushima nuclear disaster. Working with Japanese actors, he has crafted a play that tells multiple stories but always comes
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        • 136 30  -  DINING By Rachel Loi CATCH Masterchef Asia 2015’s judge Susur Lee (below) here in Singapore next week presenting his Ocean’s Best II, featuring the King of Crustaceans menus at TungLok Heen. The Toronto-based international celebrity chef will be preparing a four-course lunch menu and six-course dinner menu
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        • 169 30  -  STAGE By Dylan Tan THE hit nineties romance drama Ghost, starring Patrick Swayze and Demi Moore, gets adapted for stage in Ghost the Musical (below). It will be coming to Singapore for the first time next month after successful stints on both Broadway and the West End.
          169 words
        • 246 30  -  EXHIBITION By Tay Suan Chiang BRIGHT lights, big city. Often we do not think about how our cities are lit up, and that can cause much light pollution. Nightscape 2050, a travelling exhibition, organised by Lighting Planners Associates (LPA), is dedicated to exploring interactions between cities, light and
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        • Article, Illustration
          280 30  -  DRINKS By Tay Suan Chiang THE Japanese have been drinking sake for ages, and this spirit is now gaining more popularity in Singapore. Regardless of whether you are new to drinking sake, or have been doing so for years, new boutique sake bar Kakure is certainly worth checking out.
          280 words
        • 209 30  -  CHARITY By Cheah Ui-Hoon OVER 30 special needs children (aged four to 13 years old) of the Melbourne Specialist International School (MSIS) have created artworks themed around ocean life which will be auctioned on Sunday for charity. The project is to raise funds for a
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    • WINE/ARTS
      • 1222 31  -  Revisiting some old wines from my cellar offered some pleasant surprises. BY NK YONG ONE of the great pleasures of wine lies in the discovery of wines that are not only pleasant to drink but also appear to possess the potential to develop into a wine
        PHOTO: NK YONG  -  1,222 words
      • 337 31  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT IF the tea leaves are correct, the next big thing in the arts scene is contemporary dance. Last year, telco M1 came on board as the title sponsor for the annual Contact Contemporary Dance Festival presented by T.H.E Dance Company.
        PHOTOS: SHIN SANG-HO, FIONA CULLEN  -  337 words
      • 382 31  -  By Helmi Yusof T.H.E DANCE COMPANY: TRIPLE BILL Dec 3-5, 8pm THE first piece of the triple bill is Kuik Swee Boon’s Pellucid, which debuted in 2008 to rave reviews. The Straits Times described the four-person minimalist piece as “utterly gorgeous in its simplicity, sophisticated in
        PHOTO: JOSE G CANO  -  382 words
    • ARTS
      • 874 32  -  The UOB Southeast Asia Gallery in the new National Gallery Singapore captures the Zeitgeist well. BY HELM I YUSOF well.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT THE luminous 19th century painting The Christian Virgins Being Exposed to the Populace by Filipino artist Félix Resurrección Hidalgo is
        874 words
      • 492 32  -  Two upcoming plays explore the grim realities and consequences of war.BY war.BY CHEAH UI-HOON THEATRE director Oliver Chong has seen five of the six productions of Kuo Pao Kun’s The Spirits Play in Singapore, mounted by different theatre companies;
        492 words
      • 538 32 uihoon@sph.com.sg THEATRE titan Peter Brook’s Mahabharata was an epic nine-hour production which toured the world from 1985 to 1989, after which it was made into a film. Not surprisingly, it has gone down as one of 20th century theatre history’s most memorable productions. It is
        PHOTO: CAROLINE MOREAU  -  538 words
    • ARTS/CINEMA/MUSIC
      • 579 33  -  The artistic director for Cirque du Soleil’s Totem says the objective is keep the show fresh and evolving, while remaining true to its creator’s intention. BY AVANTI NIM avantin@sph.com.sg IT'S almost a rite of passage for a child going through their version of hardship
        PHOTO: AFP  -  579 words
      • 341 33  -  By Avanti Nim avantin@sph.com.sg YOU think you know exactly what our bodies are capable of, and then you go to a show like Cirque du Soleil’s Totem. The audience on opening night on Wednesday was treated to approximately 12 acts, each of
        341 words
      • 517 33  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT TO call The Vaccines prolific might be a bit of an understatement. Since forming in 2010, the West London rockers have not only managed to find time to record three studio albums but have also released various
        517 words
      • 502 33  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT IF all that food porn on social media is not enough to get you off, there’s more of where it came from on the big screen in Burnt an entertaining but predictable dramedy starring Bradley Cooper as a disgraced
        502 words
      • 377 33  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT ARRIVING just in time for Halloween is Goosebumps, a special-ef-fects-heavy horror-comedy that the whole family can enjoy. Based on the best-selling children’s books by RL Stine played by comedian Jack Black in the film it’s bigger on laughs than
        377 words
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