The Business Times, 22 August 2015

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Microfilm: NL33587
Total Pages: 42
1 32 The Business Times
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      62 1 THE BUSINESS TIMES WEEKEND AUGUST 22 23, 2015 BT Living DREAM TEAMS Companies join forces to give customers a more well-rounded experience L2-4 DINING Over the moon with season’s offerings L8-10 DINING Up close with Luca Fantin L5 HEALTH Life-saving stents L11 PHOTO: &CO STYLE Turkish jewellery delights L6-7 MOTORING
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  • BT LIVING
    • LIVING
      • Article, Illustration
        Lock icon DREAM TEAMS
        2980 2 / 3  -  They say two heads are better than one. Companies are pairing up to give consumers a more well-rounded experience. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT EDGY POP-UP Potato Head Folk and Neighborhood 36 Keong Saik RoadZ6327 1939 Opening hours: Tues to Sun, 11am to
        PHOTOS: POTATO HEAD FOLK; PHOTO: & CO; PHOTOS: BYND ARTISAN; PHOTOS: IN GOOD COMPANY  -  2,980 words
    • DINING
      • Article, Illustration
        Lock icon Light and clean
        955 5  -  The food of Luca Fantin is traditional but transformed to suit contemporary times. By Tay Suan Chiang guest chef By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WITH the famed Tsukiji Market at his door step, it is surprising to hear Luca Fantin say that seafood is hard to
        PHOTO: YEN MENG JIIN  -  955 words
      • Article, Illustration
        Lock icon Risotto radicchio, salsa amarone and scamorza
        178 5 Ingredients 5 litres water 1 carrot, chopped 1 onion, chopped 1 celery, chopped 1 ball mozarella Woodchips 1 bottle red wine 1 bottle port wine 30g risotto rice 10g coarsely-chopped radicchio 5g minced shallot 25g red wine 20g mascarpone cheese 20g Parmiagiano Reggano Butter
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      • Article, Illustration
        Lock icon Over the moon
        1844 8 / 9  -  Creativity is alive and well in the F&B sector, and this is evident each year during the Mid-Autumn festival celebrations as hotels and restaurants roll out ever-wider varieties of mooncakes in a riot of flavours, colours, shapes and sizes. By Rachel Loi and Avanti Nim By Rachel
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    • STYLE
      • Article, Illustration
        Lock icon The empire strikes back
        1244 6 / 7  -  Reviving styles and techniques originating from the Ottoman and Byzantine empires, a Turkish designer celebrates his country’s rich history through statement jewellery. By May Yip FOR someone about to present his collection for the first time in Asia, Sevan Bicakci is oddly disinterested in pandering to
        PHOTOS: SEVAN BICAKCI  -  1,244 words
      • Article
        Lock icon wine&dine
        699 6 / 7 with BTWeekend Peach Blossoms Marina Mandarin Singapore, Level 5 6 Raffles BoulevardZ6845 1118 Daily Dim Sum A La Carte Buffet From the month of August, Peach Blossoms will roll out all you can eat dim sum *lunch buffet in addition to speciality a la carte dishes, namely Pan-fried Foie
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    • HEALTH
      • Article, Illustration
        Lock icon Blood thinners: when is it safe to stop?
        1684 11  -  The recommended period is 12 months after emergency percutaneous coronary intervention and 6 months for non-emergency cases Michael Lim Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is also the founding editor of Heart Asia, a journal
        FILE PHOTO  -  1,684 words
    • TRAVEL
      • Article, Illustration
        Lock icon The perfect spot
        686 12  -  The St Regis Osaka, situated in the heart of historic tree-lined Midosuji Avenue, is a symbol of the city’s continuing prosperity without compromising on tradition. By Dylan Tan By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT Birmingham, Melbourne, Montreal, Los Angeles and Penang would all know how Osaka feels playing
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      • Article, Illustration
        Lock icon Happy meals in the air
        611 13  -  The food lover’s culinary adventure in Japan begins even before he arrives in the country. By Rachel Loi rachloi@sph.com.sg @RachelLoiBT DYING to sink your teeth into a bowl of Ippudo ramen as it’s served in Tokyo rather than in Mandarin Gallery? You don’t even need
        PHOTOS: ANA  -  611 words
      • Article, Illustration
        Lock icon Taking pride in their culinary heritage
        341 13  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT By Avanti Nim avantin@sph.com.sg Singapore Airlines WHAT better way to celebrate Singapore’s 50th birthday than with our favourite dishes mid-air? SIA introduced Peranakan dishes that were developed with culinary personality Shermay Lee for a three-month period from July to
        PHOTOS: SINGAPORE AIRLINES, EMIRATES  -  341 words
    • MOTORING
      • Article, Illustration
        Lock icon BENTO BOX
        657 14  -  The Mitsubishi Attrage provides basic, fun motoring with a few niceties thrown in. By CY Chew A CAR is a luxury in Singapore. Not because the public transport system is world class but with the downpayment for a new car rivalling that of an HDB flat, it is
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      • Article, Illustration
        Lock icon ULTRA MIEN
        589 15  -  The Audi A6 1.8 TFSI ultra is the face of efficient motoring. By Samuel Ee samuelee@sph.com.sg AS a prefix, “ultra” has been used in the automotive context to define extreme luxury, as in ultra-luxury. But as a suffix, it is being used by Audi to denote maximum efficiency.
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    • BT CORPORATE GOLF LEAGUE 2015
      • Article, Illustration
        Lock icon Seagull Gayatri lead charge into fourth round
        386 16  -  Competition continues to attract major sponsors. By Justine Moss WHEN the fourth round of this year’s BT Corporate Golf League tees off next week, Seagull Gayatri will be looking to extend their lead in the competition. They are currently on top of the
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      • Article, Illustration
        Lock icon Tasty bites to keep up the energy
        202 16 A WELCOME sight for golfers during the first three rounds of this year’s competition must surely be the selection of savoury and sweet items supplied by Delifrance. This is the second year that Delifrance has signed up to be one of the sponsors
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      • Article, Illustration
        Lock icon A staunch supporter of the League
        224 16 TEAM Centurion has been a keen supporter of The Business Times Corporate Golf League since Day One, when the League started in 2010. Making up the team with captain Jeffrey Fones (handicap 23.7) are David Loh (11), Sam Chong (19), Joyce Lee (27.2), David
        224 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon PAP names its candidates for the fights in three single-seat wards
      794 2  -  The trio are incumbents in Mountbatten, Hong Kah North and MacPherson SINGAPORE GENERAL ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE People’s Action Party (PAP) announced on Friday that its serving Members of Parliament in the three single wards
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  794 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 2,971.01 (-38.77) HSTI FUTURES 2,971.00 (-38.00) HSIMSCI 329.02 (-4.29) HSIMSCI FUTURES 329.30 (-3.70) Friday Change KL COMP 1,574.67 -2.74 NIKKEI 225 19,435.83 -597.69 HANG SENG 22,409.62 -347.85 SET 1,365.61 -6.92 JAKARTA 4,335.95 -105.96 MANILA CLOSED CLOSED KOSPI 1,876.07 -38.48 SHENZHEN B 1,140.74 -45.01 MUMBAI IND 27,366.07 -241.75 11.45am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.542 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.407 (US$/S$ per 1.571 2.210 EURO (US$/S$/€ 1.125 1.582 Foreign currency per US$ S$ YEN 122.90 87.40 RM 4.173 2.966 HK$ 7.752 5.510 BAHT 35.68 25.36 RUPIAH 13,918 9,893 RENMINBI 6.388 4.541 INDIAN RUPEE 65.78 46.76 A$ 1.367 0.971 NZ$ 1.509 1.073
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    • Article, Illustration
      Lock icon The question voters must ask themselves
      711 3  -  Lawrence Wong says the GE is about whether voters want to strengthen their ‘special relationship’ with the PAP SINGAPORE GENERAL ELECTION By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE key question Singaporeans should ask themselves at the next general election is whether they wish to
      PHOTO: MARK CHEONG/THE STRAITS TIMES  -  711 words
    • Article
      Lock icon Halimah confident of representing residents, even with Speaker role
      335 3  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore EVEN with her role as Speaker of Parliament which means she is unable to raise residents’ concerns in the House Halimah Yacob believes she has been and will continue to be an effective representative for
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    • Election Digest
    • Article, Illustration
      Lock icon Weaker Opec members panic as oil slide continues
      714 4  -  The IEA says the glut in global supplies could last until the end of 2016 By Neil Behrmann btworld@sph.com.sg London WEAKER members of the Organization of the Petroleum Exporting Countries (Opec) are appealing to Saudi Arabia to cut oil production following an
      PHOTO: AFP  -  714 words
    • Article
      Lock icon Ringgit flight continues, currency hits fresh 17-year low
      603 4  -  International reserves fall to US$94.5b still a comfortable level, says central bank By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE ringgit tumbled by about one per cent against the US dollar to 4.1855 on Friday, as investors shrugged off Prime Minister Najib Razak’s
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    • Article, Illustration
      Lock icon China suffers sharpest contraction in factory activity in 61/2 years
      844 5 China suffers sharpest contraction in factory activity in 6 1 /2 years Flash Caixin/Markit China Manufacturing PMI at 47.1 in August, from 47.8 in July Reuters Beijing ACTIVITY in China’s factory sector shrank at its fastest pace in almost six-and-a-half years in August as domestic and export demand dwindled, a
      Reuters; PHOTO: REUTERS  -  844 words
    • Article
      Lock icon Japan warns China against frequent yuan devaluations to prop up economy
      636 6  -  But analysts point to Tokyo’s own moves that have left the yen 35% lower in 2 years By Anthony Rowley btworld@sph.com.sg Tokyo AS ASIAN stock prices slumped Friday on the back of news that factory activity in China had
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    • Article, Illustration
      Lock icon Costa brews up a strategy for the future of coffee
      854 6  -  It has doubled its stores globally in five years, with the growth of the coffee and mobile-work culture By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore THE rise of the mobile-work culture may have sent many an employer scrambling to adapt, but
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      54 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 LIVING Living L2-4 Dining L5, 8-10 Style L6-7 Health L11 Travel L12-13 Motoring L14-15 BT Corporate Golf L16 Transport 21 Govt Economy 22-24 Opinion 26-27 Wealth
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  • Page 7 Advertisements
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      100 7 A THE BEST OF SING50 •PA More than 41,000 watched the live concert at the National Stadium on August 7. Now you can catch the highlights of SingSO on TV tonight. 9.45pm, Saturday, August 22 Channel 5, MediaCorp W SiNG S M ANTSED«DINTL' THE STRAITS TIMES THE BUSINESS TIMES r
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Reaping rewards of creative destruction
      2609 8 / 9  -  A keen commitment to innovation will set Kao Corporation apart from other consumer goods companies, says CEO and president Michitaka Sawada. By Debbie Yong By Debbie Yong debyong@sph.com.sg @DebbieYongBT ECONOMISTS around the world have fashioned economic indices out of Big Macs, iPhones and a mug
      PHOTO: SHAWN TEO  -  2,609 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Silverlake hit by anonymous shortselling report
      921 10  -  Shares dive as much as 27% on Friday, prompting an SGX query and the company’s call for a share trading halt By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore EVEN as Noble Group is still nursing its wounds from scathing attacks, including from a shortseller, software
      Source: DBS, Silverlake  -  921 words
    • Article
      Lock icon Oxley’s Q4 profit up 70% at S$16.6m; full-year earnings lower
      252 10  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PROPERTY developer Oxley Holdings achieved a 70 per cent surge in fiscal fourth-quarter earnings as revenue more than doubled. Net profit attributable to equity-holders for the three months ended June 30 was S$16.6 million,
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    • Article, Illustration
      Lock icon Probe news hits stocks in Pacific Andes stable
      653 11  -  MAS, CAD investigating an offence under Securities and Futures Act By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SHARES in the Pacific Andes stable were sent reeling on Friday by news that the Monetary Authority of Singapore and the Republic’s white-collar crime investigation agency
      Source: Bloomberg  -  653 words
    • Article, Illustration
      Lock icon Frasers Hospitality buys property in Dalian
      472 11  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FRASERS Hospitality, the hospitality arm of mainboard-listed Frasers Centrepoint Limited (FCL), has acquired a serviced residence in Dalian city in Northeast China for 481.37 million yuan (S$100.29 million), as part of plans to double its presence in China.
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    • Article
      Lock icon STI STOCKS
      314 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 unch 227/222 271 219 6.5 5668.1 CapitaLand 300 unch 302/293 379 293 11 3 *****.5 CapitaMall Trust 190.5 -1 192.5/189.5 228 188.5 5.7 6611.1 CityDev 877 xd -16 891/871 1095 871
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    • Article
      Lock icon SGX ETFs Most Active
      111 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 303 -3 1193 303/300 355/300 302/303 IS MS INDIA US$ US716 -18 588 733/714 1000/696 715/720 89.5 UETF SSE50China 218 -7 122 224/217 340/150 218/220 68.1 DBXT MSPHILS US$ US192.7 -19.7 54 192.9/192.7 233.2/192.7
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    • Article
      Lock icon SIBOR
      28 12 Aug 21 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      785 12 For week beginning Aug 17 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Hwa Hong Corp 20-Aug-15 Ong Choo Eng *Buy 106 0.33 ***** 10.47 ***** 10.48 Global Premium Hotels
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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 3 10 1 0 0 0 3 10 1 Manufacturing 34 79 19 13 9 11 47 88 30 Commerce 12 31 13 6 4 7 18 35 20 Tpt/Stor/Comms 6 23 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,621 28,621 99,023 99,023 Manufacturing 471,193 74,497 545,690 141,311 1,949 143,260 Commerce 128,125 131,877 260,002 146,642 2,832 149,474 Tpt/Stor/Comms 138,490 1,938 140,428 179,748 148 179,896 Finance 56,747 27 56,774 467,304 5 467,310 Construction 36,507 13,398
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Aug 21 VALUE CLOSE BT OB/OS -1598.00 -146.00 BT CADI -*****.00 -207.00 BT 10-day MA -*****.00 -160.00 FTSE ST Mid Cap 668.77 -13.02 FTSE ST Small Cap 397.48 -8.74 FTSE ST All Share 708.36 -10.32 FTSE ST China Top 172.15 -3.64 FTSE ST China 212.53 -3.43 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 12 VOL CLOSE($) CHANGE ACH ADR US$ 0.05 8.530 -7.140 -45.57 Suntar Eco-City 610.0 0.055 -0.015 -21.43 Jackspeed 135.0 0.080 +0.025 +45.46 Southern Pkg 250.1 0.110 -0.038 -25.68 China Fishery 80,404.9 0.072 -0.070 -49.30 Pacific Andes 238,467.3 0.030 -0.012 -28.57 AEM 51.5 0.310 -0.090 -22.50 Silverlake Axis 22,880.1 0.635
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Aug-20 Price Net change change Last Trade Agricultural Aug-20 CBOT Soybeans (US cents/bu) 921.50 18.00 1.99% 14/09/2015 CBOT Soybean Oil (US cents/lb) 27.98 0.09 0.32% 14/09/2015 CBOT Wheat (US cents/bu) 506.25 10.00 2.02% 14/09/2015 Aug-20 LIFFE Cocoa (£/tonne) 2067.00 6.00 0.29% 15/09/2015 LIFFE Coffee (US$/tonne) 1639.00 -30.00 -1.80%
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    • Article
      Lock icon PALM OIL
      57 13 Aug 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 1937.0 1913.0 1940.0 1901.0 840 5549 Oct 15 1995.0 1961.0 2005.0 1951.0 7941 ***** Nov 15 2015.0 1986.0 2026.0 1974.0 ***** ***** Dec 15 2058.0 2032.0
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      Lock icon GOVERNMENT SECURITIES
      65 13 Aug 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.23 102.30 102.29 5-Year N*****0S 2.000 01-Jul-20 100.18 100.25 100.18 10-Year NX*****Z 2.375 01-Jun-25 98.27 15-Year NY*****E 2.875 01-Jul-29 100.18 100.60 100.60 20-Year NZ*****V 3.375 01-Sep-33 106.28 106.70 106.47
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Aug 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0289 1.0299 0.7315 0.7320 Canadian dollar 1.0745 1.0752 0.7642 0.7639 Euro 1.5816 1.5826 1.1244 1.1248 NZ dollar 0.9317 0.9324 0.6624 0.6627 Sterling pound 2.2091 2.2105 1.5705 1.5711
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      204 13 Most active Aug 21 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.7 -0.7 ***** 0.1 1980 5 KepCorp MB eCW*****1 6 -1.1 9327 0.2 780 6 OCBC Bk MB eCW*****2 5.3 -1.5 5783 0.2 980
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Aug 20 Index Change Change Change Change Change Change World Preliminary 1299.9 -1.3 1.9 -1.1 5.8 -1.0 -0.1 EAFE Preliminary 1038.6 -1.6 5.2 -1.0 7.2 -0.9 1.1 Europe Preliminary 1436.2 -1.6 3.9
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon Rough ride ahead as STI loses grip on 3,000 level
      748 14  -  Index falls below psychological support to its lowest since November 2012 STOCKS Melissa Tan melissat@sph.com.sg @MelissaTanBT Reporter IT WAS Miss Scarlet in the dealing room with a lead pipe or what amounted to one. Local shares were beaten down on
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    • Article, Illustration
      Lock icon Perennial, Shangri-La tie up for mixed-use project in Ghana
      466 14  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PERENNIAL Real Estate Holdings is venturing into Africa through a joint venture (JV) with Shangri-La Asia to develop a 49,874 square metre (sqm) site in Ghana into a prime integrated mixed-use development. It said on
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Binjai Rise mortgagee-sale GCB sold for about S$13m
      501 15 Sub-S$800 psf on land area reflects noisy location next to PIE, say analysts, while acknowledging GCB prices have softened of late Singapore A PARTIALLY completed Good Class Bungalow (GCB) at 15 Binjai Rise, located next to the noisy Pan Island Expressway, has
      FILE PHOTO  -  501 words
    • Article
      Lock icon Bangkok blast will hit earnings, hoteliers warn
      196 15 Reuters Bangkok TWO top Thai hotel operators warned on Friday that a bomb attack in Bangkok this week would have an impact on earnings, and reduced revenue growth forecasts this year after signs of slower foreign tourist arrivals. The Erawan Group, one of
      Reuters  -  196 words
    • Article, Illustration
      Lock icon GuocoLand group president and CEO retires
      644 15  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GUOCOLAND Limited group president and chief executive officer Chia Boon Kuah is retiring at the end of this month, after being in the role for less than two years. He will be replaced by Raymond Choong Yee How,
      FILE PHOTO  -  644 words
    • Article
      Lock icon Househunt
      1069 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 8 AND JULY 14, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 10/07/2015 99 678 1315 1940 The Sail Marina Bay
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  • BANKING & FINANCE
    • Article
      Lock icon Apple raises A$2.25b in Aussie debt debut
      487 17 The bond deal is the largest ever in Australia by a non-financial company Bloomberg Sydney APPLE Inc raised A$2.25 billion (S$2.3 billion) with a debut Australian debt sale that’s the largest bond deal ever Down Under by a non-financial company. The iPhone maker
      Bloomberg  -  487 words
    • Article, Illustration
      Lock icon Deutsche Bank ‘haggis’ team out to poach RBS’s cashflow clients
      774 17 Bloomberg London DEUTSCHE Bank AG has unleashed its plumbers on Royal Bank of Scotland Group Plc. Germany’s biggest bank has formed a committee known informally as the “haggis” team after the Scottish offal dish to poach RBS’s biggest customers as
      Bloomberg; PHOTO: REUTERS  -  774 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      123 17 GOOD CLASS BUNGALOW LAND FOR SALE HOLLAND PARK Open House Brand New Land ***** sf Build Up ***** sf Contemporary tropical design Beautiful land Wide frontage Easy access, mins to Botanic Garden, Priced to sell SWISS CLUB ROAD Land ***** sf Beautiful elevated yet flat land Amazing view BELMONT Easy
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Asia’s oil market caught in China rivalry
      869 18 Two top Chinese oil traders Chinaoil and Unipac face off in a battle for control of the region’s crude benchmark Reuters Beijing AN intensifying rivalry between China’s two top oil traders Chinaoil and Unipec is whipsawing Asia’s oil market, pitting the state-owned firms
      Reuters  -  869 words
    • Article, Illustration
      Lock icon US oil prices fall for 8th week after grim China factory data
      405 18 Reuters London US oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world’s biggest energy
      Reuters; PHOTO: REUTERS  -  405 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon A hundred apps bloom in China as millions bank on their smartphones
      835 19 Digital banking, investing and lending have gone mainstream in a huge way in the country BLOOMBERG Shanghai YOU forgot your wallet, and it’s four flights up to your apartment in Shanghai’s French Concession. No worries. You’ve got your
      BLOOMBERG; PHOTO: BLOOMBERG  -  835 words
    • Article
      Lock icon SoftBank’s hired gun takes high road to ownership
      393 19  -  (fcS REUTERS BREAKINGVIEWS By Peter Thal Larsen Hong Kong SOFTBANK’s hired gun is taking an unusually straightforward route to ownership. Recent recruit Nikesh Arora is investing 60 billion yen (S$688 million) in the Japanese tech group’s shares. It’s a refreshing alternative to
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  • Page 19 Advertisements
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      47 19 HOT PROPERTY FH 2.5STY BUNGLW pool basement Kembangan Mrt. Rebuilt 2010. Land 4996/ 5457sqft. FH NEW ONAN Terr 6+1. 2222/ 5200 sf. Lift, pool, 3.5 sty, $4M. Also 1920/5000sf, NE $3.88M. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • CONSUMER
    • Article, Illustration
      Lock icon China’s taste for pizza, rich cakes on the rise
      856 20 Dairy import companies are looking into developing their cheese segments Reuters Wellington AT the upmarket Black Swan bakery in Beijing, where well-heeled customers browse rooms of glass cases displaying elaborate layered western-style cakes, Jin Yuchen is buying a birthday cake for
      Reuters; PHOTO: REUTERS  -  856 words
    • Article
      Lock icon Uniqlo to try out 4-day workweek
      517 20 Bloomberg Tokyo FAST Retailing, the parent company of Uniqlo, Theory, and J Brand, will offer a four-daywork-week to about a fifth of its workforce starting in October, the company confirmed to Bloomberg. About 10,000 full-time employees at Uniqlo’s Japan locations will have the option
      Bloomberg  -  517 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon US pilots report surge in drone close calls
      821 21 As a result of a sales boom, small, largely unregulated remote-control aircraft are clogging airspace, snarling air traffic WP Washington LAST Sunday, a swarm of small rogue drones disrupted air traffic across the country on a scale previously unseen in US skies.
      WP; PHOTO: REUTERS  -  821 words
    • Article, Illustration
      Lock icon Toyota to buy 13 million air bag inflators from Takata rival
      490 21 Reuters Tokyo TOYOTA Motor Corp, seeking to reduce its risk from potentially lethal Takata Corp air bag inflators, will buy millions of the component from smaller parts maker Nippon Kayaku Co, people familiar with the matter said. The Japanese
      Reuters; PHOTO: REUTERS  -  490 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon North, South Korea stand firm as deadline looms
      552 22 Renewed hostility a further blow to Park’s efforts to improve North-South ties Reuters Seoul NORTH and South Korea appeared headed towards another clash, as Seoul refused an ultimatum that it halt anti-Pyongyang propaganda broadcasts by Saturday afternoon or face military action, and
      Reuters; PHOTO: AFP  -  552 words
    • Article
      Lock icon European banks set for asset-backed debt relief in EU market overhaul
      330 22 Bloomberg Vienna EUROPEAN banks and investors will face looser capital and oversight rules for asset-backed debt as the European Commission seeks to help revive corporate lending. The European Union’s executive body is seeking to cut the minimum risk weight
      Bloomberg  -  330 words
    • Article
      Lock icon Syriza splits as Tsipras looks to bolster power with ballot
      542 22 25 breakaway lawmakers form new bloc Popular Unity WP Athens A GROUP of Greek lawmakers opposed to the country’s bailout programme abandoned the governing party, Syriza, as Prime Minister Alexis Tsipras moved to force an early election to shore up
      WP  -  542 words
    • Article, Illustration
      Lock icon Xi said to put population over growth in China economic plan
      958 24 Rules could change on healthcare, social welfare, pensions, cap on children in families Bloomberg Beijing FACING a demographic time bomb that threatens China’s economic rise, President Xi Jinping is considering shifting his priority to population growth, according to a
      Bloomberg  -  958 words
    • Article
      Lock icon Mini debt crisis in China province
      484 24 Reuters Beijing A MINI debt crisis in northern China is exposing cracks in a financial pillar of the country’s economic revival plan: the US$430 billion loan-guaran-tee industry. China has a heavy corporate debt burden and its economy is slowing, putting borrowers under strain, but
      Reuters  -  484 words
    • Article
      Lock icon Inflation holds the key to Fed’s ‘lift-off’
      808 25 If prices remain stalled as the Fed tightens, ‘real’ rates will rise faster than desired, and threaten the recovery Reuters Washington FEDERAL Reserve officials planning to lift interest rates as soon as September have been encouraged by solid US jobs growth, but inflation
      Reuters  -  808 words
    • Article
      Lock icon Currency turmoil can be boon to Latin American exporters
      556 25 Bloomberg Bogota AMID the worst emerging-market currency rout since the global financial crisis, some developing countries can expect a silver lining. Latin America’s commodity-pro-ducing nations, which have seen their foreign-exchange rates fall to record lows, may end up among the biggest
      Bloomberg  -  556 words
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      Lock icon Page 23 Advertisements Column 1
      256 23 World Amateur Golfers Championship SINGAPORE FREE! Join the national golf tour that allows you to compete with peers Get a Canon IXUS 160 worth $169 when you register.** GALA DINNER (14 OCT) LUCKY DRAW PRIZES TO BE WON! 5 golfing packages (flight of 4 golfers) at the Rancamaya Golf and
      256 words
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  • OPINION
    • Article, Illustration
      Lock icon ‘Now Showing’: Indonesian cinema sector ripe for growth
      1327 26 / 27  -  Estimated to generate about US$250 million a year in box office revenue now, the industry is poised to triple in size in the next decade. By Shoeb Kagda By Shoeb Kagda ~The writer is co-founder of Synthesis Indonesia, a public relations and
      PHOTO: BLOOMBERG  -  1,327 words
    • Article, Illustration
      Lock icon Reverse innovation in India
      676 26 / 27  -  By Sumnima Udas ~The writer is presenter of ‘The Silk Road: Past, Present, Future’, a CNN show THEY say necessity breeds innovation. Perhaps there’s no other country where this holds more true than India. The needs are overwhelming here. And whether it’s refrigerators that run without
      676 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon When it comes to China, there’s always a catch
        1428 28 / 29  -  And hedge funds and big investors are coming to grips with that after the receent stock and currency upheaval By Alexandra Stevenson NYT AS China’s once-staid currency suddenly dropped sharply last week, Wall Street began sniffing around for a way to
        NYT; PHOTO: REUTERS  -  1,428 words
      • BROKERS'TAKE
        • Article
          Lock icon Wing Tai
          135 28 / 29 Buy OCBC Investment Research, Aug 21 Aug 21 close: S$1.71 Target price: S$2.58 We see sales slowing in the months ahead due to the lunar seventh month and the elections, and the outlook for the domestic residential space remains fairly muted. This is particularly so for the high-end
          135 words
        • Article
          Lock icon IPS Securex
          157 28 / 29 Buy RHB, Aug 21 Aug 21 close: S$0.77 Target price: S$1.15 IPS announced a 0.75 cent dividend for 2H15, bringing total FY15 dividend to 1.5 cents, representing a 1.9 per cent FY15 dividend yield. Going into FY16, we expect IPS to have a 1,054 per cent surge in
          157 words
        • Article
          Lock icon Ezion
          154 28 / 29  -  Compiled by Melissa Tan Buy UOB KayHian, Aug 21 Aug 21 close: S$0.57 Target price: S$1.40 EZION is expected to take delivery of six additional vessels in 2H15 and another six in 2016. This will increase its fleet of liftboats and service rigs to 29 vessels by end-2015 and
          154 words
      • Article, Illustration
        Lock icon The three gluts
        1293 30  -  The savings glut, the oil glut and the money glut dictate the global macro outlook WEALTH INSIGHTS Joachim Fels ~The writer is managing director and global economic advisor, Pimco WRITING about macroeconomics has always been my passion. hen thinking and writing about the global macro outlook, I
        AFP FILE PHOTO  -  1,293 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Uproar in ‘Valley of Gods’ over green ruling
      642 31 Court ban on commercial activity around India’s Rohtang Pass threatens residents’ tourism livelihood AFP Kullu Valley, India ITS ski slopes are considered among the best in India while its stunning views are a magnet for hikers, horse riders and paragliders in the
      AFP; PHOTO: AFP  -  642 words
    • Article, Illustration
      Lock icon Keppel hosts 100 seniors on cruise
      171 31 Singapore AS a gesture of appreciation for Singapore’s Jubilee Year, volunteers from Keppel Group and Marina at Keppel Bay hosted nearly 100 senior citizens on a sea cruise around the island on Friday. Keppel Land CEO Ang Wee, accompanied by Thye Hua Kwan (THK)
      171 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      314 31 CRYPTIC CROSSWORD Across 1 Resentment covering anxieties of a roguish hero (10) 6 Guess what Boycott used to make a comeback (4) 9 Stains must be linked of course (3-4) 10 Join search at home with energy (7) 12 Plausible criminal indulges voter (6-7) 14 Need a tip off when
      314 words
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      Lock icon Page 32 Advertisements Column 1
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      40 words