The Business Times, 1 September 2015

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Microfilm: NL33613
Total Pages: 24
1 24 The Business Times
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  • 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 D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Tuesday, September 1,2015
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  • Article, Illustration
    Lock icon DAILY DIGEST
    200 1 Huge traffic jams built up along the Austro-Hungarian border as police hunted for people smugglers, while divisions opened up in Europe over dealing with the influx of migrants.TOP STORIES 4 Bank lending in July rose from June, but by a smaller extent compared to a month ago, MAS
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  • Article
    Lock icon Singapore polls could see field of 200 in keen contest
    1119 1  -  Voters will know today who stands where in what is shaping up to be the most hotly fought GE in S’pore By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AFTER a dizzying three weeks that saw 10 political parties introduce wave after
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  • Article
    Lock icon MARKETS
    30 1 MARKETS Monday Change STI 2,921.44 -34.50 KL COMP 1,612.74 +11.04 NIKKEI 225 18,890.48 -245.84 HANG SENG 21,670.58 +58.19 SHENZHEN B 1,068.06 -18.76 DOW (11:45 am EDT) 16,614 .35 -28.66
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  • Article
    Lock icon DC rate for industrial use cut but left unchanged in other use groups
    1007 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FOR the first time in at least seven years, development charge (DC) rates in four of the five major use groups have been left unchanged. The rates for commercial, landed and
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      104 1 8 "*****1 *****4 ONLINE TRAINING PORTAL Upgrade at the click of a finger SME 24 SGX CLOSING PRICES in response to growing interest in stock investing, BT is collaborating with SGX to publish closing prices of SGX-listed stocks in the Companies and Markets section/ PAGE 10 Classique Hora Mundi 5717
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      57 1 MARKET CAP S’pore market loses S$83b of value in August COMPANIES MARKETS 5 JAPAN ECONOMY Surprise fall in July industrial output top stories 4 In the September/ October issue of SME Magazine, Sakae Holdings’ founder Douglas Foo talks about applying car manufacturing principles to sushi, in a bid to build
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      13 1 MODEL FOR CITY PLANNERS Singapore leads in pursuit of green buildings OPINION 20
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      8 1 More General Election 2015 reports, Pages 2 3
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  • TOP STORIES
    • Article, Illustration
      Lock icon PAP all set for battle to win hearts of voters
      922 2  -  Bread and butter, immigration issues, and leaders’ integrity to feature in hustings SINGAPORE GENERAL ELECTION By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore WITH the troops in place and the battle cry sounded with the release of its manifesto, the People’s
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  922 words
    • Article
      Lock icon External events will impact stocks more than GE outcome: analysts
      735 2  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE results of the coming general election are likely to have little to no impact on local stocks, analysts say, adding that external macroeconomic factors such as China’s economy and the United States’ impending
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    • Article
      Lock icon Chua Chu Kang GRC unveils S$385m upgrading works under Master Plan
      544 3  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore JUST a day before Nomination Day, the Chua Chu Kang Group Representation Constituency (GRC) on Monday unveiled its Master Plan for the next five years, saying that residents will benefit from S$385 million
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    • SINGAPORE GENERAL ELECTION
      • Article, Illustration
        Lock icon WP goes into electoral battle with town council woes in the backdrop
        1153 3  -  Party chairman Sylvia Lim confirms that the party has received a letter of demand from its ex-managing agent By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE questions swirling around Alju-nied-Hougang-Punggol East Town Council (AHPETC) and its fractured relationship with
        PHOTO: DESMOND FOO/THE STRAITS TIMES  -  1,153 words
      • Article, Illustration
        Lock icon SPP candidate launches Mountbatten manifesto
        425 3 THE STRAITS TIMES Singapore SINGAPORE People’s Party (SPP) candidate Jeannette Chong-Aruldoss on Monday launched a manifesto for Mountbatten, the single-seat ward where she intends to stand in the upcoming general election. The 5 2-year-old lawyer said at an open-air amphitheatre in Kampong Arang that the
        THE STRAITS TIMES; PHOTO: ONG WEE JIN/ THE STRAITS TIMES  -  425 words
    • Article
      Lock icon Surprise fall in Japan’s July industrial output
      438 4 Talk of fiscal stimulus to avert possible recession as some economists scale back recovery expectations REUTERS Tokyo JAPAN’s industrial output unexpectedly fell in July in a worrying sign that high inventories and weak overseas demand could further hamper an economy struggling to recover
      REUTERS  -  438 words
    • Article, Illustration
      Lock icon Migrant crisis exposes splits across Europe
      854 4 Germany says if EU can’t agree to fair distribution of refugees, the passport-free zone will be called into question AFP REUTERS Vienna HUGE traffic jams built up along the Austro-Hungarian border on Monday as police hunted for people smugglers, while divisions opened up across
      AFP; REUTERS; PHOTO: REUTERS  -  854 words
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      31 2 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Singapore market value falls 8.8% in August to S$854b
      931 5  -  S$83b month-on-month market cap loss comes amid global volatilty By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore BATTERED by volatility sweeping global financial markets, Singapore-list-ed companies shed S$83 billion of value in August, and were collectively valued at S$854 billion as at Aug
      BT Graphics  -  931 words
    • Article
      Lock icon SunMoon: Debt restructuring reaped benefits
      296 5  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE 2013 debt restructuring of fruit distributor and food ingredients maker SunMoon has cleaned up the company’s balance sheet and saved it S$2 million a year in interest, said executive chairman Gary Loh. Mr Loh was making the comments
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    • Article
      Lock icon July bank lending up from June but growth is slimmer
      511 6  -  Preliminary MAS data reflects weaker growth in business lending as June has a big construction loan boost By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANK lending in July rose from June, but by a smaller extent compared to a month earlier,
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    • Article, Illustration
      Lock icon Peter Seah appointed SIA deputy chairman
      199 6 Singapore SINGAPORE Airlines (SIA) has appointed Peter Seah to its board as deputy chairman with effect from Sept 1. Mr Seah, who will be an independent non-executive director, will also join the board’s executive committee and the compensation and industrial relations committee. An established
      BT FILE PHOTO  -  199 words
    • Article
      Lock icon ST Aerospace revamps aircraft leasing business
      266 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ST Aerospace Resources (STA Resources) and Wings Capital Partners Holdings have terminated their joint venture, boutique aircraft leasing company WingStar, due to “differing views on the strategic focus and operational plans”, said Singapore Technologies Engineering (ST Engineering). STA
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    • Article
      Lock icon BOC Aviation H1 profit up on higher revenue, lower impairment
      292 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore BOC Aviation, a privately held global aircraft leasing company owned by Bank of China (BOC), on Monday reported first-half net profit of US$171.5 million, up 5 per cent from a year ago. Formerly known
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    • Article, Illustration
      Lock icon Samsung market value down US$44b over five months
      451 6 BLOOMBERG Seoul TEPID demand for Samsung Electronics Co’s newest Galaxy smartphones triggered a fifth straight monthly decline for the electronics maker, wiping out about US$44 billion in market value since April. Shares of the world’s biggest smartphone vendor slumped 8.1 per cent
      BLOOMBERG; PHOTO: AFP  -  451 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds
      281 6 As at August 31, 2015 GROSS REDEMPTION YIELD YEAR RAISED NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT (S$m) COUPON RATE INTEREST YEAR RAISED ISIN CODE MATURITY DATE CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) 01.04.2016 N*****0W 2011 1 1/8 7300.00 1/10 1/4
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    • Article, Illustration
      Lock icon A delivery-tracking app that arose from logistics hell
      1237 7  -  Three Singaporeans run Detrack, which helps SMEs here and abroad with a cheaper way to track their deliveries By Caithlin Ng caithng@sph.com.sg Singapore DELIVERY tracking system company Detrack Systems Pte Ltd owes its origins to a florist and a league of anxious
      PHOTO: SHAWN TEO  -  1,237 words
    • Article, Illustration
      Lock icon China and US rate hike fears hit stocks
      708 8  -  STI drops 1.2 per cent amid moderate turnover; brokers say investors are watching next week’s FOMC meeting STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT RENEWED volatility in China and Hong Kong on Monday and worries of a US rate hike possibly as early
      Source: Bloomberg  -  708 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 223 +2 226/221 271 214 6.5 5642.8 CapitaLand 282 -3 289/281 379 275 10.3 3.2 *****.2 CapitaMall Trust 192 -4 199/191.5 228 184.5 5.6 6663.2 CityDev 879 +4 889/871 1095 835 10.6
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Ezra 165,606,600 Pacific Andes 104,747,700 China Fishery 74,097,900 Noble 49,809,800 Great Group 44,105,400 Market volume 1,515,074,000 VALUE DBS Grp 135,119,886 Singtel 132,740,852 UOB 122,662,977 OCBC Bank 108,175,029 Keppel Corp 66,055,170 Market value 1,368,506,000
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    • Article
      Lock icon SGX ETFS
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US690 -1 578 696/688 1000/652 686/690 86.3 STI ETF 297 -3 446 302/297 355/287 296/297 UETF SSE50China 213 +1 213 218/208 340/151 213/216 66.6 ABF SG Bond ETF 114 -0.5 126 115.5/112.1
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 31 VALUE CLOSE BT OB/OS -884.00 +123.00 BT CADI -*****.00 -95.00 BT 10-day MA -*****.00 -88.00 FTSE ST Mid Cap 669.98 -2.81 FTSE ST Small Cap 403.49 -1.12 FTSE ST All Share 699.89 -7.05 FTSE ST China Top 169.34 -0.74 FTSE ST China 207.70 -1.05 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Aug 31,2015 699.89 -7.05 (-1.00%) Current streak 1 day Day high 713.33 Day low 699.87 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24, 2015)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Aug 28,2015 1,747.84 +16.71 (+0.97%) Current streak 2 days Day high 1,752.66 Day low 1,733.57 52-week high 1,949.49 (May 15, 2015) 52-week low 1,696.81 (Aug 24, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 2 0 0 0 5 7 2 Manufacturing 31 54 24 10 10 6 41 64 30 Commerce 19 24 13 2 5 5 21 29 18 Tpt/Stor/Comms 12 15 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,394 24,394 106,397 106,397 Manufacturing 239,575 28,293 267,868 100,506 1,931 102,438 Commerce 110,695 17,460 128,155 93,005 788 93,793 Tpt/Stor/Comms 293,808 9,113 302,921 257,696 739 258,435 Finance 32,893 35 32,928 391,736 7 391,743 Construction 11,764 6,552
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    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 6909 338.9 3.6 9591/6250 DBXT Nifty US$ ***** 247.1 1.4 *****/***** Lyxor Nasdaq US$ 1695 89.0 3.9 1838/1495 DBXT MSUSA US$ 5028 48.0 0.7 5573/4684 DBXT MSTHAI US$ 1724 45.2 1.9 2300/1646 BY PERCENTAGE CLOSE UP 52w high/low Green Build
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    • Article
      Lock icon LOSERS
      74 8 BY CENTS CLOSE DOWN 52w high/low Prudetial USD 2180 -197.7 -6.0 2500/2150 Lyxor ThaiSET US$ ***** -168.0 -1.1 *****/***** JMH USD 4994 -113.0 -1.6 6788/4620 DBXT MSJAP US$ 4822 -83.3 -1.2 5277/4291 DBXT E50 US$ 4738 -59.3 -0.9 5310/4562 BY PERCENTAGE CLOSE DOWN 52w high/low Soon Lian 5.7 -62.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Soon Lian 100.4 0.057 -0.095 -62.50 China Fishery 74,097.9 0.079 +0.020 +33.90 Matex Intl 40.0 0.020 -0.018 -47.37 Great Group 44,105.4 0.021 +0.003 +16.67 E2-Capital 824.5 0.080 -0.006 -6.98 Pacific Andes 104,747.7 0.026 +0.003 +13.04 Chosen 1,375.8 0.198 +0.028 +16.47 Far East 789.0 0.130 +0.016
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    • Article
      Lock icon BROKERS’ TAKE
      466 8  -  Compiled by Kenneth Lim ihh Healthcare HOLD Aug 31 close: S$1.93 Target price: S$1.93 DBS Group Research, Aug 31 IHH has entered into an agreement to acquire a 73.4 per cent stake in Global Hospital (GH), which currently has a network of five hospitals and 1,100 operational beds.
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    • Article
      Lock icon US$ slips on fears China may hit global growth
      392 9 CURRENCIES AFP Tokyo THE US dollar slipped against the yen and euro on Monday on fears that China’s economic malaise could drag on global growth, reversing a rally that had been fuelled by hopes of a September US rate rise. In
      AFP  -  392 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.945 4.548 0.636 5.524 47.286 100.124 0.864 8.435 2.990 1.111 74.215 33.342 1.007 9.498 0.686 23.190 25.552 0.462 0.713 Canada 1.058 4.812
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0061 1.0071 0.7125 0.7130 Canadian dollar 1.0649 1.0656 0.7544 0.7541 Euro 1.5832 1.5840 1.1212 1.1214 NZ dollar 0.9053 0.9063 0.6411 0.6416 Sterling pound 2.1772 2.1784 1.5418 1.5422
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 31 S$ Bid Offer 1-month 1.4139 1.4147 2-months 1.4156 1.4165 3-months 1.4159 1.4169 6-months 1.4200 1.4213 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        201 9 Most active Aug 31 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****7 15.3 -1.5 ***** 0.0 --3 KepCorp MB eCW*****1 10.2 -1.4 8516 0.2 780 6 FTSEChinaA50 8000 MBePW*****7 12.1 0.2 8415 0.0 3 KepCorp MB
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Aug 28 Index Change Change Change Change Change Change World Preliminary 1261.2 0.4 -1.1 0.7 2.8 0.4 -3.1 EAFE Preliminary 1011.2 1.0 2.5 1.3 4.5 1.0 -1.5 Europe Preliminary 1405.5 0.3 1.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        392 9 Aug 31 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9280.00 9387.50 8967.50 9267.50 *****3 *****7 Oct15 8905.00 9302.50 8800.00 9112.50 729 93 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****1 *****4 Dec15 *****.00 *****.00 *****.00 *****.00 1426 ***** MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 31 $S Offer Bid 0vernight 0.10 0.05 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.55 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • Article
        Lock icon SIBOR
        36 9 Aug 31 1 mth 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** S0lll’C9.' Thomson R9LIf9l’S
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Aug 31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.98 102.05 102.05 5-Year N*****0S 2.000 01-Jul-20 99.24 99.55 99.55 10-Year NX*****Z 2.375 01-Jun-25 96 96.70 96.26 15-Year NZ*****F 2.875 01-Sep-30 96.58 97.05 96.65 20-Year NZ*****V 3.375 01-Sep-33 102.73
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 Aug-28 Price Net change change Last Trade Agricultural Aug-28 CBOT Soybeans (US cents/bu) 893.25 7.00 0.79% 14/09/2015 CBOT Soybean Oil (US cents/lb) 27.79 0.90 3.35% 14/09/2015 CBOT Wheat (US cents/bu) 477.00 -7.25 -1.50% 14/09/2015 Aug-28 LIFFE Cocoa (£/tonne) 2086.00 5.00 0.24% 15/09/2015 LIFFE Coffee (US$/tonne) 1581.00 -26.00 -1.62%
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      • Article
        Lock icon PALM OIL
        57 9 Aug 28 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 1876.0 1928.0 1928.0 1875.0 19 2695 Oct 15 1916.0 1952.0 1956.0 1898.0 4166 ***** Nov 15 1952.0 1991.0 1995.0 1938.0 ***** ***** Dec 15 1990.0 2032.0
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    • Article
      Lock icon SGX MAINBOARD
      1846 10 Transaction date: Aug 31 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit LOW Company 183 139 ARA Asset Mgmt 144 -3.5 882 148 142
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    • Article
      Lock icon SGX CATALIST
      357 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale +7vol (’000) High Day LOW Div C'vr 10.2 4.3 t Artivision Tech 15.5 5 t AsiaMedic P/E MCap 35 20 t SCnergy 20 45.5 18 t BlackGoldNatural 18.9
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    • Article
      Lock icon SGX ETF
      138 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 1088 CIMBASEAN40 S$D 1143 +34 0 1143 1143 vol 4258 2803 DBXT China50 US$ US2917 -4 14 2946 2883 8 High 614 263 DBXT MSBrazil US$ US275
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      293 5 World Amateur Golfers Championship SINGAPORE Join the national golf tour that allows you to compete with peers Play on one of the most prestigious golf courses in Singapore, and you could represent Singapore in the World Amateur Golfers Championship in Belek, Antalya (Turkey). GALA DINNER (14 OCT) LUCKY DRAW PRIZES
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      105 6 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE PRESENTING YOUR BEST SIDE: Why SMEs need to create a credit profile early to build financial resilience MORE THAN FISH AND RICE: How Sakae Holding’s Douglas Foo ingrained cross-industry pollination into the corporate
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  • Page 7 Advertisements
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      107 7 This company is one of the 14 finalists of the Emerging Enterprise Award 2015. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2015 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover of S$15 million or less.
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      Lock icon Page 7 Advertisements Column 2
      372 7 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
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      71 10 CAPITALISEON 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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  • REAL ESTATE
    • Article, Illustration
      Lock icon CapitaLand doubling EV charging stations in its S’pore properties
      509 12  -  It is set to offer over 100 EV charging stations in more than 40 properties across Asia and Europe By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND Limited is revving up its sustainability drive by doubling the number of plug-in electric vehicle
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    • Article
      Lock icon Dubai Properties CEO says revenue will be higher this year
      389 12 REUTERS Dubai DUBAI Properties Group (DPG), a real estate developer owned by the emirate’s ruler, will increase its revenue in 2015 and a rising population will help support residential prices, the company’s chief executive said. After a rocky few years
      REUTERS  -  389 words
    • Article
      Lock icon Developers offer to buy Tianjin blast homes
      369 12 XINHUA Beijing PEOPLE whose apartments were damaged in explosions in the north-east-ern Chinese port city of Tianjin can sell their homes to a group of property developers or choose to have the government renovate them, the official Xinhua news agency said. Hundreds of
      XINHUA  -  369 words
    • Article
      Lock icon Mitsubishi Estate to build new Tokyo office, retail complex
      204 12 REUTERS Tokyo JAPAN’S Mitsubishi Estate Co said on Monday it would build a massive office and retail complex in central Tokyo at a cost of more than one trillion yen (S$11.6 billion), adding more space to the nation’s capital. The 3.1-hectare
      REUTERS  -  204 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      169 12 PRIME CONSERVATION SHOPHOUSES ©CHINATOWN FOR SALE Located on the main New Bridge Road with excellent frontage Next to Chinatown MRT Station Land area I 60.4 sq m (approx. 1,728 sq ft) Gross floor area approx. 5,800 sq ft (subject to survey) •Temporary written permission granted for “Restaurant” on upper floors
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      Lock icon Page 12 Advertisements Column 2
      274 12 THE DOMAIN @914 EAST COAST ROAD .V Contact: Investment Properties 6 Battery Road #32-01 Singapore *****9 Sammi Lim <cea Reg no.: Roossggj) Tel: 9368 9803 Entire Ground Floor Strata Retail Podium Fronting Main Roads Freehold. Strata Area Approx. 5,985 sq ft (6 strata titles) Commands approx. 35% Share Value in
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  • BANKING & FINANCE
    • Article
      Lock icon Waves of venture capital cash recede amid market turmoil
      674 14 REUTERS San Francisco THE waves of cash surfed relentlessly by some of Silicon Valley’s largest ven-ture-backed businesses are showing signs of receding amid concern the companies may already be worth more than they’re likely to be valued once they finally go
      REUTERS  -  674 words
    • Article
      Lock icon Citi aims to resurrect equities franchise as its rivals retreat
      771 14 The No 3 US bank also plans to court hedge funds more actively as part of a four-point plan to boost its equities market share REUTERS New York CITIGROUP plans to rebuild its longneglected equities franchise seeking to capitalise on
      REUTERS  -  771 words
    • Article
      Lock icon Top Hong Kong banker says dollar peg vital for stability
      314 14 REUTERS Hong Kong HONG Kong risks losing an important tool for maintaining its market stability if it scraps its currency’s peg to the US dollar, said a top Standard Chartered China executive who also advises the government on financial policy.
      REUTERS  -  314 words
    • Article, Illustration
      Lock icon Global banks plough resources into bitcoin technology
      1302 14 Executives discuss how it could be used to change foreign currency trading NYT New York MOST people still think of bitcoin as the virtual currency used by drug dealers and shadowy hackers looking to evade the authorities. But the innovations that helped turn
      NYT; PHOTO: NYT  -  1,302 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Gold losing safe-haven shine, upsetting bulls
      702 15 Gold’s volatility rose along with stocks turbulence, even as global stocks dived to two-year low BLOOMBERG New York GOLD bulls piled into the metal in hopes that the turmoil sweeping financial markets would finally help revive prices. They were wrong. Instead of a rally,
      BLOOMBERG; PHOTO: REUTERS  -  702 words
    • Article
      Lock icon Indian Oil seeking to build US$3b petrochemicals plant in Iran: sources
      414 15 Plan hinges on assurances that it will have cheap natural gas as feedstock BLOOMBERG New Delhi INDIAN Oil Corp is seeking to build a US$3 billion petrochemicals plant in Iran, according to people with direct knowledge of the matter.
      BLOOMBERG  -  414 words
    • Article, Illustration
      Lock icon Alaska pipeline anxiety spurs governor’s plea for Obama to open oil taps
      848 15 Halt in pipeline operations will spell end of oil on North Slope, warns academic BLOOMBERG Washington ALASKA Governor Bill Walker has a message for President Barack Obama: Fill the Trans-Alaska Pipeline System while you still can. The United
      BLOOMBERG; PHOTO: REUTERS  -  848 words
    • Article
      Lock icon ‘Largest ever’ gas field in Mediterranean found off Egypt
      467 15 AFP Cairo ITALIAN energy giant Eni on Sunday announced the discovery of the “largest ever” offshore natural gas field in the Mediterranean, in Egypt’s territorial waters. The discovery, confirmed by Egypt’s oil ministry, could hold a potential 30 trillion cubic feet
      AFP  -  467 words
    • Article
      Lock icon Solar, wind power costs drop as fossil fuel costs rise: IEA
      270 15 BLOOMBERG Paris THE cost of producing electricity from renewable sources such as solar and wind has dropped significantly during the past five years, while power generated from natural gas, coal and nuclear has risen, according to the International Energy
      BLOOMBERG  -  270 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Hedge funds dump Alibaba for smaller rival
      819 16 Investors are betting on JD.com’s ability to offer higher quality products through its direct delivery model BLOOMBERG New York LESS than a year ago investors were scrambling to pick up shares in Alibaba Group Holding when Asia’s largest e-commerce company made its record
      BLOOMBERG; PHOTO: BLOOMBERG  -  819 words
    • Article
      Lock icon ForeScout hopes to replicate cybersecurity peers’ IPO success
      587 16 BLOOMBERG New York IN the six months since Mike DeCesare took over as chief executive of ForeScout Technologies Inc, he’s been busy getting the cybersecurity company ready to go public. Founded by three Israeli entrepreneurs in 2000, ForeScout specialises in network access
      BLOOMBERG  -  587 words
    • Article
      Lock icon Ashley Madison chief is latest to depart after data breach
      958 16 Ousters at Sony Pictures Entertainment and Target have made security a priority among executives NYT New York IN the last two years, online attacks have led to executive casualties at prominent companies such as Sony Pictures Entertainment and Target. Now
      NYT  -  958 words
    • Article
      Lock icon Comcast plans next-gen cable technology to rival Google Fiber
      460 16 WP Washington COMCAST is planning to roll out a next-generation cable technology allowing it to compete at the same speeds as Google Fiber one gigabit (Gbp) per second. That’s good news for Internet users in the short term, if it pans
      WP  -  460 words
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      407 16 NOTICES THEATLAS ICE COMPANY, BERHAD (INCORPORATED IN MALAYSIA)(1302-W) NOTICE OF DIVIDEND AND CLOSURE OF BOOKS The Board of Directors has declared an interim single tier dividend of 10 sen per stock unit in respect of the financial year ending30 September 2015 which is payable on 29 September 2015. NOTICE IS
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  • CONSUMER
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      Lock icon Scandal-hit Toshiba keeps Muromachi as president
      569 17 He has spent much of his 40 years with the company in its semiconductor business BLOOMBERG Tokyo TOSHIBA Corp appointed Masashi Muromachi as president to lead the maker of memory chips and nuclear power plants as it emerges from an accounting scandal that may
      BLOOMBERG  -  569 words
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      Lock icon India’s tribal people spin their way out of poverty, thanks to silkworms
      617 17 AFP Banka, India POINTING to a television in her recently built mud-and-brick home, Indian villager Munia Murmu proudly shows off her new-found wealth, thanks to hundreds of squirming green silkworms. Like thousands of other tribal villagers in India,
      AFP; PHOTO: AFP  -  617 words
    • Article
      Lock icon Japan sees slow progress in wooing medical tourists
      393 17 Hurdles include a lack of doctors to care for foreign patients and the need for interpreters WP Washington JAPAN started to become serious about medical tourism after the government called for the promotion of the admittance of patients from overseas in its
      WP  -  393 words
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      44 17 EXPERIENCETHE WHOLE NEW INTERFACE ON Thanks to its livelier look and enhanced features, doing your car research will be a whole lot easier! SEARCH BY VIEW BROWSE BY VISIT WWW.STCARS.SG NOW! Buy, sell or rent. At www.STCars.sg, your ideal car isn’t hard to find.
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      47 17 HOT PROPERTY TANGLIN SHPG CTR 1000sf Squarish suits office/ clinic/ sch. Ample parking. Avail soon. neg BEDOK MALL PRIME Unit 380sf, High Human traffic. Basement 1, doorsteps to Mrt. Suit all trade SHOPS FOR RENT Check out these properties and more in The Straits Times Classified now!
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      162 17 Surviving the Are you looking at building a portfolio that can fight against the current drastic market situation? Is the market going through a recession like the 2009 crisis? G A B R I E L YA P Gabriel’s upcoming 1 day course will guide you through CRITICAL POINTERS to
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  • TRANSPORT
    • Article
      Lock icon Indonesia said to favour China over Japan in railway bid
      706 18 Both Asian giants have sent envoys to lobby Indonesian officials over the past two weeks, each sweetening the terms of their bid REUTERS Jakarta INDONESIA is leaning towards China over Japan in an aggressive bidding battle to build the South-east
      REUTERS  -  706 words
    • Article, Illustration
      Lock icon Boeing uses clout to control supplier consolidation
      1014 18 REUTERS New York BERKSHIRE Hathaway Inc’s US$37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world’s biggest planemaker to put a check on some
      REUTERS; PHOTO: BLOOMBERG  -  1,014 words
    • Article
      Lock icon Ferry travel disrupted as protesting French sailors blockade Calais port
      450 18 AFP Calais, France PROTESTING French seamen blockaded the port of Calais on Sunday, stranding thousands of cross-chan-nel ferry passengers on a busy bank holiday weekend in Britain. About 15 sailors from the bankrupt firm Scop SeaFrance took to the water
      AFP  -  450 words
    • Article
      Lock icon Fiat Chrysler’s 64-month sales streak may be ending
      673 18 BLOOMBERG Southfield, Michigan CHRYSLER exited bankruptcy in 2009 with a new leader and a sales momentum that hasn’t let up for more than five years. That streak may end this month because of a calendar quirk that pushes Labor Day weekend and
      BLOOMBERG  -  673 words
    • Article
      Lock icon SHIPPING TIMES
      794 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
      794 words
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  • OPINION
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      Lock icon New technology on trial may make fourth telco a viable proposition
      593 20 THE mobility trials that MyRepublic announced last week in the Jurong Lake District area, which are due to start in October using a technology called small cells, will be keenly watched by the infocomm technology community in Singapore. EDITORIAL
      593 words
    • Article, Illustration
      Lock icon Globalisation is quietly rewriting economic rules
      806 20  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington GLOBALISATION lives. A fascinating but little-noted aspect of the recent financial turmoil is how much it’s been an international event. It started with doubts about China’s economy, symbolised by a tumbling stock
      THE WASHINGTON POST WRITERS GROUP  -  806 words
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      Lock icon S’pore leads in pursuit of green buildings
      1077 20  -  The Republic has emerged as a model for Asian governments and city planners in their bid to develop and adapt urban solutions into green building industries. BY JOHN KEUNG city industries.BY JOHN KEUNG T The writer is chief executive officer of Building and
      PHOTO: CAROLINE CHIA/ THE STRAITS TIMES  -  1,077 words
    • Article
      Lock icon Opportunity in volatility despite China concerns
      979 21  -  COMMENTARY By Michael Hasenstab, Sonal Desai T Dr Hasenstab is executive vice-president, portfolio manager and chief investment officer and Dr Desai is senior vice-president, portfolio manager and director of research at Templeton Global Macro CHINA’S recent devaluation of its currency has raised a lot
      979 words
    • Article
      Lock icon Tools to manage risks from large economies long overdue
      659 21  -  By Patrick Lecomte T The writer is senior research fellow at ESSEC Asia Pacific IN a series of articles published in Asia and Europe in 2013, including one published in The Business Times on March 8, 2013, I advocated the need
      659 words
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      Lock icon China market was bound to slump after rapid expansion
      1165 21  -  Devaluation of the yuan may have some short-term negative spillovers on the US economy, via the dollar exchange rate, says Yale professor By Anthony Rowley IF the price of a commodity, say milk, rises, demand will decline and (other things being
      PHOTOS: REUTERS, BLOOMBERG  -  1,165 words
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  • Page 22 Advertisements
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      205 22 Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? Tl IE BUSINESS TIMES SHIPPING TIMES FORWARDER urgently needed by shippers ADVERTISE, CALI IOE WO IMG Can they find your services here in -the Shipping Times? nrE
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  • LIFE & CULTURE
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      Lock icon Master of slasher horror films Wes Craven dies at 76
      538 23 He was best known for creating the villain Freddy Krueger OBITUARY NYT New York WES Craven, a master of horror cinema and a proponent of the slasher genre best known for creating the Freddy Krueger and “Scream” franchises, died on
      NYT; FILE PHOTO  -  538 words
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      Lock icon Swift leads winners at Video Music Awards
      537 23 REUTERS Los Angeles TAYLOR Swift may have won the most Moonmans on Sunday but it was her reunion with rapper Kanye West on the MTV Video Music Awards (VMA) stage that stole the show, as West declared he will run for the US
      REUTERS; PHOTO: REUTERS  -  537 words
    • Article
      Lock icon London’s Notting Hill Carnival kicks off
      383 23 AFP London LONDON’S Notting Hill Carnival kicked off with a riot of colour despite grey skies on Sunday, in a celebration of Caribbean culture reputed as Europe’s biggest street party. Performers on stilts and wearing bright pink wigs, and dancers in feathered headdresses and
      AFP  -  383 words
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      Lock icon Neurologist, writer Oliver Sacks dies
      695 23 AFP New York RENOWNED neurologist and writer Oliver Sacks, who explored the mysteries of the human brain in a series of best-selling books, died on Sunday at age 82. His long-time personal assistant, Kate Edgar, told AFP he died at his home in New York’s
      AFP  -  695 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      366 23 CRYPTIC CROSSWORD Across 1 Handsome prince saw this pre-midnight opportunity for repose (6,5) 8 Mother country getting into terrible conspiracy (11) 11 Tall man’s regularly ignored regrettably (4) 12 A frothy talk about heroic doings in story form (4) 13 Confessed in quiet, having got torn apart (7) 15 Drunk
      366 words
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  • SME
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      Lock icon Going strong for sustainable growth
      1035 24  -  By Mel Nguyen, Natalie Wong, Tong Chun Wai and Van Tran T The writers are students at NUS Business School FOUNDED as a small player in the highly competitive timber trading industry, Sudima International has evolved into a notable brand for forestry management and timber
      PHOTO: SHAWN TEO  -  1,035 words
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      Lock icon Upgrade at the click of a finger
      1430 24  -  Online training portal IamThirsty.com.sg aims to encourage people to upgrade their skills so as to better provide for themselves and their families. BY VIVIEN ANG BY VIVIEN ANG vivang@sph.com.sg LEGO is serious play for IamThirsty.com.sg founder Winnie Khoo. Her interest in the building
      PHOTO: ARTHUR LEE  -  1,430 words
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