The Business Times, 11 November 2015

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33683
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    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 U @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Wednesday, November 11,2015
    33 words
  • Article
    Lock icon MARKETS
    28 1 MARKETS Tuesday Change STI CLOSED CLOSED KL COMP CLOSED CLOSED NIKKEI 225 19,671.26 +28.52 HANG SENG 22,401.70 -325.07 SHENZHEN B 1,195.93 +5.11 DOW (10.45 EST) 17,682.44 -48.04
    28 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    165 1 UOB’s Income Builder fund, meant to evenly straddle between risk and return, has doubled its assets in three months to S$2.2 billion. TOP STORIES 4 THE US dollar inched up towards a seven-month peak against a basket of major currencies on Tuesday on expectations that the Federal Reserve
    165 words
  • Article, Illustration
    Lock icon China sees RMB as international currency by 2020
    673 1  -  By Viriginie Mangin btworld@sph.com.sg Beijing CHINA will plough ahead with its financial reforms with the aim of making the renminbi (RMB) an international currency by 2020, the central bank governor Zhou Xiaochuan said on Tuesday. In an article published in the Chinese
    PHOTO: BLOOMBERG  -  673 words
  • Article
    Lock icon Rising cost, regional rivals weaken Singapore’s medical tourism appeal
    980 1  -  Increasingly challenging for Singapore to maintain its position as leading medical tourism hub in South-east Asia By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore RISING cost of treatment and growing competition from regional rivals are hitting the once-bullish medical hospitality sector in Singapore,
    980 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Raising the productivity sales pitch, on the ground
      866 2  -  Tharman and other ministers have been reaching out to a myriad of businesses, stressing the need for greater innovation and efficiency COMMENTARY BY KELLY TAY kellytay@sph.com.sg @KellyTayBT FROM dishwashing facilities to supermarket chains, Deputy Prime Minister Tharman Shanmugaratnam’s recent site visits have
      PHOTOS: SEAH KWANG PENG / THE STRAITS TIMES, NORHAIZA HASHIM / BERITA HARIAN  -  866 words
    • Article, Illustration
      Lock icon UOB’s medium-risk fund doubles assets in 3 months to S$2.2b
      684 4  -  Income Builder in turn invests in 3 other funds and is meant to evenly straddle between risk and return By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IN AN investor universe called Singapore where most investors are conservative, and a smattering few
      684 words
    • Article, Illustration
      Lock icon Digital money the way forward, says Citi official
      1130 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore DIGITAL money which is bigger than the idea behind Bitcoin needs to be distinguished from virtual currency, says Citibank’s head of global head of Treasury and Trade Solutions Naveed Sultan. “It’s the transformation of the
      1,130 words
    • Article, Illustration
      Lock icon China’s north-east in search of new growth model
      997 5  -  local governments are heavily in debt and are at a loss on how to adapt to the “new norm” of value-added growth By Virginie Mangin btworld@sph.com.sg Beijing ABANDONED stucco and fibreglass unfinished housing decorations litter Xuefu Hany’s workshop in Qiqihar, a second-tier
      PHOTO: REUTERS  -  997 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      177 2 am #\r mwmKj Remuneration Reporting in Forms IR8A/IR21 Workshop 2016 Forms IR8A (Return of Employee's Remuneration) and IR21 (Notification of a Non Citizen Employee’s Cessation of Employment or Departure from Singapore) are important statutory tax returns. Employers are expected to accurately prepare these forms for their employees or risk getting
      177 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      33 2 An Art Exhibition by Singapore's Pioneer Artist CHOO KENG KWANG m -i 1 5-17 NOV 2015 EAST GARDEN FOYER GALLERY, THE FULLERTON HOTEL SINGAPORE Contact Information: JustArts Asia www.asiajustarts.com justartsasia@pcpublic.com.sg +65 6278 1880
      33 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 3
      23 2 Milk The Straits Times Recruit for the freshest collection of jobs every day! To advertise, call The Straits Times Recruit Hotline: 1800-289 8822
      23 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      158 4 "WHAT IF WE PUT ALL OUR ENERGY TOGETHER?" Connecting different kinds of energy isn't easy. But, at Hitachi, we believe Social Innovation is key to optimising the energy flow, to ensure a more stable and sustainable world for our kids today and their kids tomorrow. And thanks to our extensive
      158 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      156 5 The best show on the road. Introducing the new S-Class Coupe. Gran performer. The new S-Class Coupe often invites the question; is it a high-end 4-seater coupe, or a high-performance car? Without a doubt, it draws inspiration from both personas. Maybe because of its features within, like MAGIC BODY CONTROL
      156 words
Page thumbnail Page 6
  • COMPANIES & MARKETS
    • Article
      Lock icon Consumer staples, banks did well in Q3 amid broad slowdown
      1344 6  -  Analysts call for caution, saying further earnings downgrades are likely By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SINGAPORE companies recorded a mixed set of results so far for the July to September quarter, a period marked by turbulent global financial markets
      1,344 words
    • Article
      Lock icon Singtel wins EPL rights for 2016-19
      457 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TELCO Singtel has outbid rival StarHub yet again to win the Singapore broadcast rights to all English Premier League (EPL) matches for the next three seasons starting from August 2016. Just a week earlier, Singtel’s Australian subsidiary, Optus,
      457 words
    • Article
      Lock icon Hour Glass donates S$5m to NKF, ComChest, NHB
      277 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore LUXURY watch retailer The Hour Glass said on Tuesday that it is donating a total of S$ 5 million to the National Kidney Foundation (NKF), Community Chest and the National Heritage Board (NHB). The donations are
      277 words
    • CORPORATE DIGEST
      • Article
        Lock icon STATS ChipPAC
        69 6 recently delisted semiconductor tester STATS ChipPAC said it plans to offer new senior secured notes via a private placement, subject to market conditions and other factors. The debt was provisionally rated B1 by Moody’s. The company intends to use the net proceeds from the issuance of the new
        69 words
      • Article
        Lock icon Li Heng Chemical Fibre Tech
        52 6 MAINBOARD-listed high-end nylon fibre maker Li Heng Chemical Fibre Technologies reported a net loss of 25.6 million yuan (S$5.7 million) for the three months ended Sept 30, 2015, from a 2.6 million yuan profit a year ago. Revenue was down 28 per cent at 442.8
        52 words
    • Article
      Lock icon US$ climbs towards 7-month high
      372 8 CURRENCIES REUTERS London THE dollar inched up towards a sev-en-month peak against a basket of major currencies on Tuesday, bolstered by widening rate differentials in favour of US Treasuries on expectations that the Federal Reserve will raise interest rates next month. The dollar index rose
      REUTERS  -  372 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 8
        2 words
      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 NOV 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.936 4.485 0.655 5.466 46.806 96.429 0.870 8.164 3.081 1.076 74.376 33.251 1.005 10.023 0.706 23.090 25.322 0.468 0.705 Canada 1.068 4.790
        471 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 8
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        2 8
        2 words
      • Article, Illustration
        Lock icon NIKKEI
        1 8
        1 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 NOV 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0045 1.0058 0.7048 0.7055 Canadian dollar 1.0731 1.0740 0.7533 0.7530 Euro 1.5344 1.5353 1.0766 1.0769 NZ dollar 0.9335 0.9345 0.6550 0.6555 Sterling pound 2.1489 2.1502 1.5078 1.5082
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 NOV 9 S$ Bid Offer 1-month 1.4267 1.4274 2-months 1.4281 1.4289 3-months 1.4290 1.4298 6-months 1.4330 1.4342 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        203 8 NOV 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****4 11.7 -0.1 5840 0.1 1880 5 Ntegrator Intl Ltd W*****3 0.6 0.1 4893 1 2 7 Rowsley Ltd W*****3 3.5 -0.1 4724 1 18
        203 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 8 In local curr In S$ In US$ dy yr dy yr dy yr Nov 9 Index Change Change Change Change Change Change World Preliminary 1299.0 -1.0 1.8 -0.6 6.1 -1.0 -1.3 EAFE Preliminary 1032.6 -0.5 4.6 -0.1 5.1 -0.4 -2.2 Europe Preliminary 1439.5 -1.2 4.2
        365 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        376 8 Nov 10 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov15 *****.00 *****.50 *****.00 *****.00 *****7 *****2 Dec15 *****.00 *****.00 *****.50 *****.00 2219 5484 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****6 Mar16 *****.00 *****.00 *****.00 *****.00 26 2208 MSCI TAIWAN
        376 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Nov 9 $S Offer Bid 0vernight 0.25 0.15 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.90 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.30 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.85 0.65 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        69 8 Nov 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.11 100.16 100.16 5-Year N*****0S 2.000 01-Jul-20 99.5 99.78 99.55 10-Year NX*****Z 2.375 01-Jun-25 97.22 97.45 97.10 15-Year NZ*****F 2.875 01-Sep-30 98.86 99.28 98.85 20-Year NZ*****V 3.375 01-Sep-33 104.96
        69 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 8 Nov-9 Price Net change change Last Trade Agricultural Nov-9 CBOT Soybeans (US cents/bu) 873.50 2.25 0.26% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.77 -0.27 -0.96% 14/12/2015 CBOT Wheat (US cents/bu) 501.75 -21.50 -4.11% 14/12/2015 Nov-9 LIFFE Cocoa (£/tonne) 2206.00 -27.00 -1.21% 14/12/2015 LIFFE Coffee (US$/tonne) 1589.00 15.00 0.95%
        193 words
      • Article
        Lock icon PALM OIL
        57 8 NOV 9 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 15 2218.0 2235.0 2227.0 2218.0 11 1891 Dec 15 2302.0 2291.0 2302.0 2260.0 1758 ***** Jan 16 2342.0 2382.0 2384.0 2342.0 ***** ***** Feb 16 2395.0 2430.0
        57 words
    • Article
      Lock icon SGX MAINBOARD
      1881 10 Transaction date: Nov 9 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 83.5 42 8Telecom Vol AAT Day Div GrYld Net MCap High 153 131.5 AIMSAMP Cap Reit Company Sale 183 129.5 ARA Asset Mgmt 142 +2 358
      1,881 words
    • Article
      Lock icon SGX CATALIST
      386 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol (’000) 4 2.2 t Acesian Partners 2.9 unch 1307 3 2.9 10.1 Day 3.7 1.5 t Adventus Div C'vr GrYld Net P/E MCap 35 2.8 1 t
      386 words
    • Article
      Lock icon SGX ETF
      84 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol ('000) 463 226 DBXT MSBrazil US$ US258 -9 0 258 258 Low Div C'vr GrYld 2300 1646 DBXT MSTHAI US$ US1730 -23 11 1756 1730 2392 1788
      84 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      125 6 p A x 'f. *r> f- sc 7m •A A Hairy Crab Feast Till 30 November 2015 Experience the distinct flavours of Hairy Crabs as these highly-prized crustaceans make an elaborate return to Szechuan Court. Crab connoisseurs are in for a treat with an a la carte menu featuring both
      125 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      216 7 Canon Delighting You Always 'Experience a 'Delightful 'New Chapter **is L- /ft A um I eVIY 4 CAD V < r Hit it 9 f. *eed a W ;< ..K i MAXIFV <! s raw Product Showrooms Canon Customer Care Centre Y l I Since 1979, Canon has been delighting
      216 words
Page thumbnail Page 8
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      2691 9 NOTICE OF ANNUAL GENERAL MEETING SPH REIT (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 9 July 2013.) NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of the holders of units of SPH REIT (the “SPH REIT”, and the holders of units of SPH
      2,691 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      71 10 SGX== Access the world Capture opportunities in global stock markets with Exchange Traded Funds. Find out more at sgx.com/etf Singapore Exchange This advertisement has solicitation to buy or sell. published for general circulation only. It is noteffi offertir r financial advice or recommendation in relation, to any nvestment product. Advice
      71 words
Page thumbnail Page 11
  • REAL ESTATE
    • Article
      Lock icon Ken Dart reinvents himself as land baron
      922 11 Billionaire bond investor is increasingly turning his focus to luxury real-estate development on Cayman islands and elsewhere, especially in Latin America BLOOMBERG Sao Paulo TWO decades after Ken Dart renounced his US citizenship and took his tax attorney with him to the Caribbean,
      BLOOMBERG  -  922 words
    • Article, Illustration
      Lock icon Oil-price crash brings towering woes in Canada
      986 12 Office-tower owners hit as vacancy in energy hub is at a five-year high while rents are at the lowest since 2006 BLOOMBERG Toronto OFFICE-TOWER owners in Canada’s energy hub are about to feel the full force of the oil-price crash. Vacancy is already
      BLOOMBERG; PHOTO: BLOOMBERG  -  986 words
    • Article
      Lock icon Brooklyn’s tallest building planned as office demand rises
      561 12 Developer JEMB Realty will build 600-foot tower; project to cost us$300m BLOOMBERG New York NEW York City officials announced plans for what may be Brooklyn’s tallest building, a 600-foot office tower in the borough’s downtown. JEMB Realty, a New York-based developer with
      BLOOMBERG  -  561 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      199 11 ORIENTAL BOYA Singapore International Art Auction, Fall 2015 ismmm 2015 m2 a t*fi: 00) BtJgBfiD 2015 ffll £10 B- 11 B 30 00 Auction Time November 12, 2015 1: 00pm Preview Time November 10 -11, 2015 9: 30am 5: 00pm Auction Address Grand Copthorne Waterfront Hotel second floor, 392 Havelock
      199 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      224 12 An invitation to Tokyo Residential Property Investment Seminar savills TP Also featuring the latest Tokyo properties: ii Lirrf Sunwood Higashi Nakano WamiMwi As overseas investments carry additional financial, regulatory and legal risks, investors are advised to do the necessary checks and research on the investment beforehand. Prime Shop/Showroom Unit on
      224 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      19 12 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
      19 words
Page thumbnail Page 13
  • CHARTING MARITIME SINGAPORE R&D
    • Article, Illustration
      Lock icon Enhancing capabilities and processes
      953 13  -  SembMarine unit focuses on inventing green products to meet regulatory requirements.BY requirements.BY NARENDRA AGGARWAL AS a key industry player, home-grown Sembcorp Marine a global leader in integrated marine and offshore engineering solutions set up Semb-Eco R&D Pte Ltd in September 2014 to undertake research and development
      953 words
    • Article, Illustration
      Lock icon ABS works locally to develop global solutions
      1010 13  -  By Narendra Aggarwal THE American Bureau of Shipping’s (ABS) Singapore Innovation and Research Center (SIRC) is its largest research and development (R&D) centre outside the home country. Significantly, 12 of its 20 full-time R&D staff here a mix of locals and foreigners are
      1,010 words
    • Article, Illustration
      Lock icon NTU researchers optimising container placement on ships
      938 13  -  By Narendra Aggarwal THE planning and optimisation of the placement of containers on ships, known as stowage planning in the shipping industry, is an important procedure in container transportation operations and it can affect shipping lines’ operating costs. With container ships capable of
      938 words
Page thumbnail Page 14
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon US banks rewrite contracts to shed too-big-to-fail image
      868 14 Changes likely to allow some securities, funding deals to remain intact for as long as 48 hours after a bank fails BLOOMBERG Washington WALL Street is poised to expand a rewrite of financial contracts worth trillions of dollars in an effort to
      BLOOMBERG; PHOTO: REUTERS  -  868 words
    • Article
      Lock icon Indian firms struggle to escape debt burden as profit slows
      558 14 REUTERS Bangalore CORE profit growth at India’s top companies has slowed down sharply from last year’s levels, hampering efforts to cut debt in one of Asia’s most leveraged corporate sectors and dampening the private investment needed to spur sluggish economic
      REUTERS  -  558 words
    • Article
      Lock icon China’s big banks have longest road to meet loss-absorbing needs
      551 14 BLOOMBERG London CHINA’S giant banks got a nine-year breather to issue the securities they need to meet standards for loss absorbency laid down by the Financial Stability Board (FSB), an acknowledgment of the challenge this implies for the largely deposit-funded
      BLOOMBERG  -  551 words
    • Article
      Lock icon No tough rules for foreign bank card firms: PBOC
      318 14 REUTERS Beijing CHINA will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country’s US$7 trillion card payment market, a senior central bank official said on Tuesday. Industry sources told Reuters in October that they were
      REUTERS  -  318 words
    • Article
      Lock icon PICTET
      263 14 Pictet-Absl Rtn Fxd Inc-HP EUR 04/11/2015 EUR 102,44 Pictet-Absl Rtn Glo Div-P EUR 04/11/2015 EUR 116,53 Pictet-Asian Equities Ex Japan-P USD 05/11/2015 USD 190,89 Pictet-Asian Local Currency Debt-P USD 05/11/2015 USD 143,07 Pictet-Biotech-P USD 05/11/2015 USD 756,75 Pictet-Clean Energy-P USD 04/11/2015 USD 76,39 Pictet-Digital Communication-P USD 04/11/2015 USD 236,92
      263 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      199 14 You may have considered the Fundamentals on Stocks, Warrants, Options, Commodities, Futures and Derivatives but there is still one VITAL and IMPORTANT skill that increases your Profits. That SKILL is Optimal Transaction Timing for PROFITS using Technical Analysis. Acquire this Knowledge and Skill from our esteemed speaker Robert Tay who
      199 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      57 14 ROYAL CARIBBEAN’ PRESENTS -fcSsiI f f m r <j\. yss Vow Celebrate love at sea with your loved ones on board the Mariner of the Seas! Your chance to say thank you to your parents! 7 night cruise for A to Bangkok and Ho Chi Minh City! V3facebook.com/kiss92fm @kiss92fm www.kiss92.sg
      57 words
Page thumbnail Page 15
  • ENERGY & COMMODITIES
    • Article
      Lock icon Gadget-hungry China to boost ‘lifestyle’ metals: PwC
      655 15 BLOOMBERG Melbourne CHINA’S swelling middle class is poised to drive long-term demand gains for metals including copper, zinc and nickel as the world’s sec-ond-largest economy transitions to consumer-driven growth, according to PricewaterhouseCoopers (PwC) Australia. The urbanisation of the world’s most populous nation, which
      BLOOMBERG  -  655 words
    • Article, Illustration
      Lock icon If you want to learn about gold prices, speak to an Indian farmer
      901 15 BLOOMBERG London TO gain insight into the weakening gold market, talk to an Indian farmer. In a country where an estimated 800 million people depend on agriculture and many revere gold as an ornament and store of
      BLOOMBERG; PHOTO: BLOOMBERG  -  901 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      330 15 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
      330 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      522 15 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CRIEFF PROPERTY INVESTMENT PTE LTD Company Regn No: *****5049Z At an Extraordinary General Meeting of the Company held at 45 Jalan Buloh Perindu, Singapore *****3, on 5th November 2015, the following Resolutions were duly passed: Special
      522 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 3
      233 15 INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY i-/ SMU SINGAPORE MANAGEMENT UNIVERSITY TENDER NOTICE Tenders are invited by the Institute of Service Excellence at Singapore Management University (ISES) for 1. Data Collection of Companies’ Market Share for Sub-sectors covered in the Customer Satisfaction Index of Singapore (CSISG) 2016; and 2.
      233 words
Page thumbnail Page 16
  • TECHNOLOGY
    • Article
      Lock icon Google seeks developers in the desert at Dubai hub
      1206 16 The tech hub’s goal is to remove barriers so that startups can create new homegrown businesses in the Middle East that target customers globally BLOOMBERG Dubai WHEN Arab explorers traversed the deserts and seas centuries ago, they relied on an astrolabe,
      BLOOMBERG  -  1,206 words
    • Article, Illustration
      Lock icon Google seeks to influence AI research by giving software away
      529 16 It is releasing internal development program TensorFlow for free WP Washington GOOGLE, seeking to influence how people design, test, and run artifi-cial-intelligence systems, is making its internal AI development software available for free. The Alphabet Inc-subsidiary is releasing a program
      WP; PHOTO AFP  -  529 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1 16 NOTICES
      1 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      68 16 ITSHOW 2016 10-13 March 2016 SUNTEC Singapore Levels 3,4&6 L3,11am-9pm L4&L6,12-9 pm fb.com/ComexITShow itshow.sg NOW! Singapore’s LARGEST I.T. consumer electronics exhibition. Thousands of consumers will be there to buy your tech products services! ORGANISED BY: Book Your Space NOW! *Limited Booths Available Call *****620 or email to sales@exhibitsinc.com.sg ORGANISED BY:
      68 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      50 16 BuildTech Mandalay 2016 Mandalay's Leading Building Technology and Supply Event 20-22 JANUARY 2016 Mandalay City Hall, Myanmar 10am-6pm (20-21 Jan) 110am-5pm (22 Jan) Mandalay’s FIRST Building Construction Trade Exhibition! DISCOVER MARKET OPPORTUNITIES! PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or call +65 6319 4037 Visit www.btmandalay.com for more information!
      50 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 4
      78 16 cc Too many still prefer lesser-educated wives because they believe such wives are more manageable. I suggest this is short-sighted because intellectual companionship will be missing in their lives and their children will need more private tutors to make up for their grades in school.” Speaking at the Tanjong Pagar
      78 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 5
      17 16 www.omy.sg -vC W: m its Yl V T1 t < f 'A SmSS SCAN BREAD NOW more showbiz.omy.sg
      17 words
Page thumbnail Page 17
  • CONSUMER
    • Article, Illustration
      Lock icon Campbell rethinks its recipe as consumer tastes change
      1256 17 But the product profile has become very defined in the consumer mind and changes carry quite a bit of risk NYT Camden, New Jersey FOOD companies tinker with the signature products in their portfolios at their own risk and few products are
      NYT; PHOTOS: NYT  -  1,256 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      100 17 GRAB YOUR CHANCE TO MEET YOUR IDEAL CANDIDATES! Be a part of the STJobs Express Fair 2016. r BOOK YOUR SPACE NOW! Limited Booths Available Showcase your company’s profile to a broad spectrum of jobseekers. Reach out and discuss job opportunities with jobseekers on the ground Extensive media publicity via
      100 words
Page thumbnail Page 18
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Mixed reaction to UK’s negotiating proposals to EU
      533 18  -  Bilateral negotiations are to begin next week, says European Commission president who received the British PM’s letter By Neil Behrmann btworld@sph.com.sg London BRITISH Prime Minister David Cameron’s juggling act before the key UK referendum on the European Union (EU) has shifted into
      PHOTO: AFP  -  533 words
    • Article
      Lock icon Eurozone yields fall as ECB rate-cut talk grows
      496 18 REUTERS London EUROZONE government bond yields fell across the board on Tuesday, on growing expectations that the European Central Bank (ECB) will cut its deposit rate next month just as the US Federal Reserve looks likely to hike rates. A consensus is
      REUTERS  -  496 words
    • Article
      Lock icon ECB faces 3 lawsuits over QE in Germany’s top court
      318 18 BLOOMBERG Berlin GERMAN politicians who failed in previous attempts to have courts derail European Union monetary policy, filed lawsuits at the country’s top court challenging the European Central Bank’s 1.1 trillion euro (S$1.67 trillion) asset purchase programme. Three suits were
      BLOOMBERG  -  318 words
    • Article, Illustration
      Lock icon Myanmar’s election went ‘better than expected’, says EU observer
      829 18 BLOOMBERG AFP Yangon MYANMAR’S election went “better than expected”, with few instances of voter irregularities, though more reforms were needed to improve transparency and democracy, the European Union’s (EU) chief election observer said. Thousands of international and domestic observers were accredited
      BLOOMBERG; AFP; PHOTOS: AFP, BLOOMBERG  -  829 words
    • Article
      Lock icon Import prices dip 0.5% in Oct on lower oil costs, strong US$
      411 18 LATEST US DATA REUTERS Washington US import prices fell more than expected in October as the cost of petroleum and a range of goods declined, a sign that a strong dollar and soft global demand continued to exert
      REUTERS  -  411 words
    • Article
      Lock icon India announces plans to open up foreign investment
      294 19 AFP New Delhi INDIA’S government on Tuesday announced plans for a sweeping liberalisation of its foreign direct investment (FDI) regime, as Prime Minister Narendra Modi seeks to counter accusations his reform drive is stalling. The government said it would undertake a raft
      AFP  -  294 words
    • Article
      Lock icon Japan’s six-month current account surplus quadruples
      302 19 AFP Tokyo JAPAN said on Tuesday its current account surplus more than quadrupled in the six months to September thanks to an improving trade picture and buoyant returns on the country’s investments abroad. The 8.7 trillion yen (S$100.4 billion) figure for April-September the first
      AFP  -  302 words
    • Article, Illustration
      Lock icon China October data points to persisting deflationary pressure
      611 19 Analysts see scope for further stimulus soon, but were divided on whether that meant further rate cuts or greater fiscal outlays REUTERS Beijing CHINA’S October inflation data showed persisting if not intensifying deflationary pressure, spurring analysts to expect more moves to stimulate
      REUTERS; PHOTO: REUTERS  -  611 words
    • Article, Illustration
      Lock icon China’s 2-child policy seen contributing 0.5% point to growth rate
      463 19 REUTERS Beijing CHINA’S adoption of a two-child policy is expected to boost the country’s economic growth rate by about 0.5 of a percentage point, stemming from a rise in the size of its workforce, a senior Chinese official said on
      REUTERS; PHOTO: REUTERS  -  463 words
    • Article
      Lock icon Top Shanghai official probed for ‘severe disciplinary violations’
      484 19 AFP Shanghai A DIRECTOR of China’s first free trade zone (FTZ) in Shanghai has been put under investigation for “severe disciplinary violations”, Communist Party authorities said on Tuesday, using a phrase which typically refers to corruption. In a statement on its website,
      AFP  -  484 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      612 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Tao Lee Yuen Co. Ltd Business Company Number: *****81 In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin IslandsBusinessCompaniesAct,2004(asamended),thevoluntary liquidationofTaoLeeYuenCo.Ltdcommencedon22October2015 and that Lia Shiow Jiuan Nicole of 21 Collyer Quay #19-01 HSBC Building Singapore *****0 has
      612 words
Page thumbnail Page 20
  • TRANSPORT
    • Article
      Lock icon Bunker industry ponders global sulphur cap
      1034 20  -  There is a general view that there would be a shortage of distillate fuel to meet the new limit, whether in 2020 or 2025 STRAIT TALK BY DAVID HUGHES LOTS of interesting ideas came out of the 2015 International Bunker Industry Association (IBIA) Convention
      1,034 words
    • Article, Illustration
      Lock icon Fight for Australia’s Asciano intensifies with Qube’s US$6.3b offer
      606 20 REUTERS Sydney THE battle for Australian stevedoring and rail giant Asciano Ltd escalated on Tuesday after ports firm Qube Holdings Ltd made a US$6.3 billion offer that narrowly beats a rival bid and is expected to draw less concern from anti-trust
      REUTERS; PHOTO: BLOOMBERG  -  606 words
    • Article
      Lock icon GE clinches US$2.6b Indian railway contract
      316 20 REUTERS New Delhi GENERAL Electric Co has won a US$2.6 billion contract to supply India’s railways with 1,000 diesel locomotives, as the state-owned network looks to foreign capital to help it modernise. The US company will also invest US$200 million to build local manufacturing
      REUTERS  -  316 words
    • Article, Illustration
      Lock icon Lufthansa union rejects latest pay offer as strike continues
      818 20 BLOOMBERG Berlin DEUTSCHE Lufthansa AG’s cabin crew union rejected an offer for a higher one-time payment of 3,000 euros (S$4,579) for flight attendants in exchange for an immediate halt to their walkout, making it the longest in the carrier’s history. The
      BLOOMBERG; PHOTO: AFP  -  818 words
    • Article, Illustration
      Lock icon VW giving US$1,000 to car owners in emissions-cheating scandal
      1103 21 It’s also offering cash and no-interest loans to 650 dealerships stuck with cars that can’t be sold but are taking up space in their lots BLOOMBERG Washington VOLKSWAGEN AG’s (VW) goodwill offer of US$1,000 to the owners of cars caught in
      BLOOMBERG; PHOTO: AFP  -  1,103 words
    • Article
      Lock icon GM could face punitive damage claims in ignition switch litigation
      300 21 REUTERS New York GENERAL Motors Co may be liable for punitive damages in lawsuits it faces over an ignition switch problem that prompted the recall of millions of vehicles last year, a US judge said on Monday. The decision from
      REUTERS  -  300 words
    • Article
      Lock icon SHIPPING TIMES
      2116 24 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) HCM SIN PG PKL KK JKT TOYO PEARL EAL4 60 13/11 14/11 SEIYO FORTUNE 001 60 22/11 26/11 27/11 1/12 POSITIVE PASSION
      2,116 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      103 20 ST DBS 2016 GRAB YOUR CHANCE TO MEET YOUR IDEAL CANDIDATES! Be a part of the STJobs Express Fair 2016. a BOOK YOUR SPACE NOWS Limited Booths Available a Showcase your company’s profile to a broad spectrum of jobseekers. Reach out and discuss job opportunities with jobseekers on the ground
      103 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      56 21 Santa knows you’ve been working hard and he hopes to treat you and your co-workers who have been working with you to a day of great feasting! Share with us who are the ones you would like to surprise this Christmas and be on the lookout for Santa! Visit www.STJobs.sg/Xmas2015
      56 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      106 21 IRM EXPO ECUS 16-17 NOVEMBER 2015 PERSADA JOHOR, JOHOR BAHRU. MALAYSIA Be Part of Malaysia's SMART CITY PROJECT is? m 1C Wj r Z: h -V AaI fv l Sr, '.i iiftog Opportunities for Infrastructure Utility Technology Providers in Iskandar Malaysia Uj ijilfc, v. J—SK5 •^1 5r m siil WP
      106 words
Page thumbnail Page 22
  • OPINION
    • Article
      Lock icon Local companies should remain core as SGX chases global listings
      584 22 EDITORIAL Exchanges, like governments, need to cater to all constituencies in order to survive. Too narrow a focus on any sector or line of business can turn investors and traders off, just as governments ignore a segment of voters at
      584 words
    • Article, Illustration
      Lock icon Xi-Ma meeting sets precedent for a meeting of equals
      834 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 A STRONG, vigorous handshake that lasted more than a minute marked the historic first meeting between the leader of the
      834 words
    • Article, Illustration
      Lock icon Food, nutrition security in India, China vital
      1298 22  -  It needs proper emphasis, as no country can reach its full potential if the bodies and minds of its youth are stunted because of lack of nutrients. BY PETER BRABECK-LETMATHE AND ASIT K BISWAS nutrients.BY PETER BRABECK-LETMATHE, ASIT K BISWAS T Peter Brabeck-Letmathe
      PHOTO: BLOOMBERG  -  1,298 words
    • Article
      Lock icon Let normalcy resume: Fed must lead
      713 23  -  COMMENTARY By Meghnad Desai T The writer is emeritus professor, London School of Economics and Political Science, chairman of the official Monetary and Financial Institutions Forum advisory board and author of “Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the
      713 words
    • Article
      Lock icon Seizing opportunities for PE in emerging Asia
      611 23  -  By Markus Taussig, Andrew Delios T The writers are faculty members in the Department of Strategy Policy at NUS Business School, which is celebrating its 50th anniversary IN South-east Asia’s emerging markets, private equity (PE) remains a hot commodity with limited partner (LP)
      611 words
    • Article
      Lock icon Time to open up buying-in market
      353 23  -  LETTER TO THE EDITOR Albert Fong Say Kim OCBC Securities FUNDAMENTAL flaws exist in Mr Vincent Khoo’s proposal as described in his letter “Let remisiers buy-in for clients who short sell by mistake” (BT, Nov 4) to allow buy-ing-in of shorted securities from the
      353 words
    • Article, Illustration
      Lock icon Modi visit will boost UK-India political and economic ties
      1139 23  -  Visit is the first one by any Indian premier in a decade.BY decade.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (Centre for international Affairs, Diplomacy) at the London School of Economics, and a former UK government special
      PHOTO: AFP  -  1,139 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      96 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times SHIPPING TIMES Make A Splash In The Maritime World Via s|£i3hnaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a sea
      96 words
Page thumbnail Page 25
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Worker who’d never quit, or be fired
      1330 25 Some firms use algorithms to forecast when an employee will want to leave WP New York TURNOVER at one of Adventist HealthCare’s hospitals, in Maryland, was higher than the market average, costing the group money and, if the research is right, possibly threatening
      WP; PHOTO: AFP  -  1,330 words
    • Article, Illustration
      Lock icon Pouring camaraderie with free tea to passers-by
      856 25 NYT New York GIUSEPPE Spadafora opened a side door of his white Ford bus, spread a light blue carpet on a sidewalk near McCarren Park in Greenpoint, Brooklyn and placed a small wooden sandwich board next to it reading “Free Tea”. Curious passers-by
      NYT  -  856 words
    • Article
      Lock icon Real-world ‘Indiana Jones’ wins coveted TED prize
      561 25 AFP San Francisco A TECHNOLOGY-WIELDING archaeologist billed as a modern world “Indiana Jones” won a coveted million-dollar TED prize on Monday for her work tracking antiquities and the looting of such wonders. Sarah Parcak, a professor at the University of Alabama at Birmingham,
      AFP  -  561 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      300 25 CRYPTIC CROSSWORD Across 1 Cab ranks offering quick fare here? (5,3) 6 Father, finished working, is to depart quickly (3,3) 9 It is twice returned by an old painter (6) 10 Attractive catch in witchcraft (8) 11 Presentation of laws to be amended (8) 12 Such a dog may be
      300 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      67 26 SELL YOUR CAR AT THE BEST PRICE Fetch the best price for your car in 3 simple steps: WHEEL DEAL The smarter way to sell your car Call our Wheel Deal specialists at *****889/*****919and provide details of your car If you are satisfied with the offer, fix appointment for viewing
      67 words
  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Fears of a China meltdown overblown
      897 26  -  The recent sell-off was an overdue correction of its asset market and reflects the frictions from economic rebalancing and liberalisation rather than weak economic fundamentals. BY CHI LO MONEY MATTERS fundamentals.BY CHI LO The writer is senior economist, BNP Paribas investment Partners MANY observers
      PHOTO: REUTERS; Source: CEIC, IMF, BNPP IP (Asia); Source: CEIC, BNPP IP (Asia)  -  897 words
    • Article
      Lock icon US activist investors get a welcome seat at the table
      1090 26 NYT New York FOR decades, corporate America rejected activist investors, accusing them of being corporate raiders out to make a quick buck. But these days, some of America’s biggest companies are trying to think more like them. When United Technologies
      NYT  -  1,090 words
    • Article, Illustration
      Lock icon Pimco fees come under scrutiny
      1363 28 A debate has arisen over what the US bond giant’s total return fund charges investors to oversee and administer its assets NYT WITH the trading desks of investment banks cut to the bone, the ability to pin a fat fee on a fast-growing pile of
      NYT; PHOTO: BLOOMBERG  -  1,363 words
Page thumbnail Page 27
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      50 28 Losses can exceed deposits IG.com.sg CFDs: FOREX|SHARES|INDICES|COMMODITIES Voted the most preferred forex provider by InvestFair visitors in 2014. Ensure you understand the risks and costs involved with CFD and FX trading by reading the Risk Disclosure Statement at IG.com.sg. IG Asia Pte Ltd (Co. Reg. No. *****0021K), regulated by MAS.
      50 words