The Business Times, 2 September 2015

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Microfilm: NL33613
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    31 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Wednesday, September 2,2015
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  • Article
    Lock icon MARKETS
    28 1 Tuesday Change STI 2,882.77 -38.67 KL COMP 1,609.21 -3.53 NIKKEI 225 18,165.69 -724.79 HANG SENG 21,185.43 -485.15 SHENZHEN B 1,038.98 -29.08 DOW (11:45 am EDT) 16,198.79 -329.24
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  • Article, Illustration
    Lock icon For the first time, a fight for every seat
    1056 1  -  In Singapore’s general election on Sept 11, 26 constituencies will see straight contests between PAP and one opposition party; remaining 3 SMCs will witness three-way battles By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore HISTORY was made on Tuesday when a contest was
    PHOTO: YEN MENG JIIN  -  1,056 words
  • DAILY DIGEST
    • Article
      Lock icon Sembcorp Marine
      27 1 has clinched a contract of more than US$1 billion to build three topsides for the Culzean Field development in the North Sea. COMPANIES MARKETS 10
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    • Article
      Lock icon Chinese home prices
      18 1 rose in August for the first time this year compared with year-ago levels. REAL ESTATE/16
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    • Article, Illustration
      Lock icon US prosecutors
      24 1 have expanded their probe of currency market manipulation by some banks to include the Russian rouble and Brazilian real. BANKING FINANCE 17
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    • Article
      Lock icon Investors who bought
      19 1 utility bonds in euros haven’t had it this bad for over a decade. ENERGY COMMODITIES 18
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    • Article
      Lock icon Global Internet
      20 1 firms in Russia faces a new law that forces companies with Russian customers to operate local servers.TECHNOLOGY 19
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    • Article
      Lock icon Toshiba Corp
      23 1 has uncovered 10 new cases of accounting problems prompting it to miss a deadline for submission of 2014 earnings. CONSUMER 20
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    • Article
      Lock icon US manufacturing
      24 1 expanded in August at the slowest pace since May 2013 as anaemic demand from emerging markets hit factory orders. GOVT ECONOMY 21
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    • Article
      Lock icon Fiat Chrysler
      28 1 is buying back some defective vehicles, giving US$1,000 credits and handing out US$100 gift cards to get more owners to come in for repairs. TRANSPORT 22
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  • Article
    Lock icon As China’s August PMI falls further, analysts expect more support
    617 1  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S two purchasing managers’ indices (PMI) continued to contract in August, in yet another sign that the world’s second largest economy is slowing, despite Beijing’s efforts to shore it up. The official PMI published by
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  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      13 1 8"*****1 *****4 OFFICE SALE 77 Robinson back on the market REAL ESTATE 16
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      18 1 LONG-TERM SAVINGS Singapore savings bonds: maiden S$1.2b issue COMPANIES MARKETS 9 STRAIT TALK Ballast water uncertainty transport 22
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    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      76 1 OVERACTIVE Anxiety grows that US stocks are overpriced EXECUTIVE MONEY/28 GRCs to watch 3 BT Infographics: Who’s contesting where 4-5 Hot single seats/ 6 More reports 2,5,8 URBANISATION WILL CHANGE FUTURE PLANS. DO YOU HAVE TOMORROW’S BLUEPRINT? >> Discover our approach at juliusbaer.com/visionary-thinking Julius Baer is the leading Swiss private
      76 words
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  • SINGAPORE GENERAL ELECTION
    • Article, Illustration
      Lock icon PM: This GE’s about govt, leadership, S’pore’s direction
      756 2  -  in this golden jubilee year, voters need to do some soul-searching on where they want their country headed By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore PRIME Minister Lee Hsien Loong sees a tough fight in this election, with Singapore’s future riding on
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  756 words
    • Article, Illustration
      Lock icon PM Lee faces Reform Party challenge at Ang Mo Kio
      735 2  -  PAP takes on SPP at Bishan-Toa Payoh GRC, and WP in Sengkang West By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THEY made headlines two months ago when they squared off in a high-profile defamation case at the Supreme Court, and now
      PHOTO: YEN MENG JIIN  -  735 words
    • Article, Illustration
      Lock icon PAP ‘especially concerned about middle-aged, mid-career S’poreans’
      877 2  -  Bukit Batok surprises with three-cornered fight; Jurong, West Coast GRCs and Yuhua SMC to be contested as expected By Kelly Tay, Andrea Soh kellytay@sph.com.sg @KellyTayBT sandrea@sph.com.sg @AndreaSohBT Singapore THE People’s Action Party (PAP) government is particularly concerned about middle-aged, mid-career Singaporeans, said Deputy
      PHOTO: WANG HUI FEN  -  877 words
    • Article, Illustration
      Lock icon WP digs in at Aljunied against the PAP
      550 3  -  No surprises in the line-ups of both the parties GRCs TO WATCH By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Aljunied incumbents from the Workers’ Party (WP) will as pledged defend their turf in this year’s general election. The opposition party’s secretarygeneral also
      PHOTO: YEN MENG JIIN  -  550 words
    • Article, Illustration
      Lock icon Tough fight in the east between PAP and opposition
      818 3  -  By Claire Huang, Chuang Peck Ming huangjy@sph.com.sg @ClaireHuangBT peckming@sph.com.sg @PeckmingBT Singapore FOR the second time, Workers’ Party’s (WP) Gerald Giam is contesting East Coast Group Representation Constituency (GRC), only this time, he told voters that the WP team “will manage your
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  818 words
    • Article
      Lock icon WP, PAP both say they have worked the ground at Marine Parade GRC
      498 3  -  PAP’s Lim Biow Chuan defends his Mountbatten SMC seat against SPP’s Jeanette Chong-Aruldoss By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE Workers’ Party (WP) is banking on a home-ground advantage for the Marine Parade Group Representation Constituency (GRC)
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    • Article, Illustration
      Lock icon The candidates
      838 4 BT INFOGRAPHICS GE2015 SINGLE-MEMBER CONSTITUENCIES Bukit Batok (Estimated no. of electors: 27,068) PEOPLE’S ACTION PARTY David Ong INDEPENDENT SINGAPORE DEMOCRATIC PARTY S Veriyah Samir Salim Neji Bukit Panjang (Estimated no. of electors: 34,299) PEOPLE’S ACTION PARTY SINGAPORE DEMOCRATIC PARTY Khung Wai Yeen Teo Ho Pin Fengshan (Estimated no.
      838 words
    • Article, Illustration
      Lock icon PAP fields familiar faces to take on SDP in Bukit Panjang SMC, Holland-Bukit Timah GRC
      519 5  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE People’s Action Party (PAP) is fielding a familiar four-man team led by Environment and Water Resources Minister Vivian Balakrishnan in the Holland-Bukit Timah GRC, which won 60.1 per
      PHOTO: YEO KAI WEN/THE STRAITS TIMES  -  519 words
    • Article, Illustration
      Lock icon Tanjong Pagar GRC to get its first contest in nearly 30 years
      733 5  -  SingFirst’s Tan Jee Say sees a 50-50 chance of his team winning against Chan Chun Sing-led PAP team By Anna Teo anna@sph.com.sg Singapore TANJONG Pagar GRC, a People’s Action Party (PAP) stronghold, will see its first contest in
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  733 words
    • Article, Illustration
      Lock icon ‘A keen fight’ expected for Hougang
      408 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore INCUMBENT Member of Parliament Png Eng Huat from the Workers’ Party (WP) said he expects “a keen fight” for Hougang Single Member Constituency (SMC) with senior IT manager Lee Hong Chuang, fielded by the People’s Action Party (PAP)
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    • Article, Illustration
      Lock icon Lee Li Lian to square off against Charles Chong in Punggol East
      395 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INCUMBENT Lee Li Lian, defending the Workers’ Party (WP)-held Punggol East single-member constituency (SMC) seat, is “looking forward to a clean and respectable campaign” as she faces off the People’s Action Party’s
      PHOTOS: SHAWN TEO AND NEO XIAOBIN / THE STRAITS TIMES  -  395 words
    • Article, Illustration
      Lock icon Stage set for three-cornered fight in MacPherson SMC
      510 6  -  Incumbent Tin Pei Ling from PAP, WP’s Bernard Chen, NSP’s Cheo Chai Chen submit nomination papers HOT SINGLE SEATS By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore Singapore IT is expected to be a tight contest for MacPherson as three parties vie for the
      PHOTO: DESMOND WEE AND DESMOND FOO / THE STRAITS TIMES  -  510 words
    • Article, Illustration
      Lock icon No surprise in candidates fielded at Fengshan SMC
      374 6  -  PAP’s Cheryl Chan contests WP’s Dennis Tan in ward hived from East Coast GRC By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THERE were no surprises for Fengshan Single Member Constituency (SMC) as the People’s Action Party (PAP) fielded a candidate named earlier, while
      PHOTO: NEO XIAOBIN  -  374 words
    • Article, Illustration
      Lock icon It’s a PAP-SPP battle in Potong Pasir, as independent pulls out
      496 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WITH independent candidate Tan Lam Siong pulling out of the race for Potong Pasir on Tuesday, the fight there has become a straight one between People’s Action Party (PAP) candidate Sitoh Yih Pin
      PHOTO: JAMIE KOH / THE STRAITS TIMES  -  496 words
    • Article, Illustration
      Lock icon Tampines residents face future with confidence: Heng Swee Keat
      602 8  -  NSP’s Lim Tean says Singaporeans are having problems such as high cost of living By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore TAMPINES residents have a variety of concerns but also face the future with confidence, said Education Minister Heng Swee Keat
      PHOTO: LIM YAOHUI / THE STRAITS TIMES  -  602 words
    • Article, Illustration
      Lock icon Gan Kim Yong: No need for public debate with PPP on healthcare
      700 8  -  PPP chief says he is only interested in policy debates, not smearing By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HEALTH Minister Gan Kim Yong on Tuesday responded to People’s Power Party (PPP) chief Goh Meng Seng’s challenge to a
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    • Article, Illustration
      Lock icon PAP to campaign on national and local issues
      555 8  -  WP, NSP and SDP present their candidates at Yishun Primary By Cai Haoxiang, Amit Roy Choudhury haoxiang@sph.com.sg amit@sph.com.sg @HaoxiangCaiBT @AmitRoyCBT Singapore THE coming election will see the People’s Action Party (PAP) campaign on both national and local issues, ministers helming People’s Action
      PHOTOS: AZIZ HUSSIN/THE STRAITS TIMES  -  555 words
    • Article, Illustration
      Lock icon Stocks and the poll? A link perhaps
      545 8  -  Charting STI’s performance through past elections shows some correlation By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore DOES the state of the local stock market have any impact on general elections in Singapore? Charting the performance of the Straits Times Index (STI) through past elections
      Source: UOB Global Economic and Markets Research  -  545 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Singapore savings bonds: maiden S$1.2b issue
      717 9  -  10-year compounded annual return of 2.63 per cent if held to maturity By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore FOR long term savers, the maiden issue of the long awaited Singapore Savings Bond (SSB) will generate a compounded annual return of 2.63 per cent at
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    • Article
      Lock icon Shaw Kwei to make offer for Chosen
      179 9 Singapore PRIVATE equity firm Shaw Kwei Partners intends to make a voluntary conditional cash offer to acquire mainboard-listed Chosen Holdings at S$0.24 per share, valuing the plastic components maker at about S$67.6 million. It intends to delist the firm, it said on Tuesday
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    • Article
      Lock icon Sembcorp Marine secures US$1b North Sea contract
      309 10  -  Company says it wins mega deal despite stiff competition from other world-class yards By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SEMBCORP Marine has clinched a contract of more than US$1 billion to build three topsides for the Culzean Field development in the North Sea,
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    • CORPORATE DIGEST
      • Article
        Lock icon Singapore Post
        70 10 SINGPOST has completed the acquisition of local self-storage facility operator Store Friendly Self Storage Group for S$12 million in cash, it said in a Singapore Exchange filing on Tuesday. It may pay another S$4 million to the seller, Store Friendly Asia (BVI) Holdings, if certain conditions are met,
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      • Article
        Lock icon Sunlight Group
        91 10 CATALIST-listed Sunlight Group said on Tuesday that it was not going through with the acquisition of Alexander Resource Ltd as the vendor, Alexander Resources Pte Ltd, has become “technically insolvent”. The extended term sheet for the acquisition has expired accordingly. It said it had given an advance S$6.34
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    • Article
      Lock icon Aviva Asia’s Khor Hock Seng joining Great Eastern as group CEO
      323 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore INSURER Great Eastern Holdings has named industry veteran Khor Hock Seng as its new group chief executive officer (CEO), barely two months after he took the helm at rival firm Friends Provident International
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    • Article
      Lock icon Bonds stage rally after sliding in August
      444 10 BLOOMBERG Singapore THREE weeks ago, Bill Gross said economic turmoil in China would support long-term Treasuries. While bonds slid in August, a rally on Tuesday combined with a selloff in China shares shows it may be too soon to start betting against US
      BLOOMBERG  -  444 words
    • Article
      Lock icon Asia hedge fund launches likely to fall as volatility curbs investor appetite
      468 10 BLOOMBERG Hong Kong HEDGE fund launches in Asia are on track to decline for the third straight year as equity-market volatility prompted investors in the region to pare risk. Forty-one new hedge funds opened in Asia in the
      BLOOMBERG  -  468 words
    • Article, Illustration
      Lock icon Vishuo databases aim at targeted medical treatments
      928 11  -  Singapore-based health-care tech firm to take its product beyond hospitals in China, Australia and the US, and finds itself up against bigger players such as Thomson Reuters By Sheena Tan btnews@sph.com.sg Singapore WHEN conventional treatments such as surgery and chemotherapy failed to work
      PHOTO: SHAWN TEO  -  928 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 12 STI Catalist Straits Times Index Sept 1,2015 2,882.77 -38.67 (-1.32%) Current streak 2 days Day high 2,930.19 Day low 2,878.11 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,843.39 (Aug 24, 2015) FTSE ST Catalist Index Sept 1,2015 556.45 +0.93 (+0.17%) Current streak 1 day Day high 562.10 Day low
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    • Article, Illustration
      Lock icon Fall in China, worries over Wall St hit stocks
      618 12  -  Weakness returns to HK and China markets following news of unfavourable China manufacturing data TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A200-point plunge in the Dow Jones Industrial Average’s futures contract on Tuesday reminded players that maybe markets have not bottomed yet
      Source: Bloomberg  -  618 words
    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 218 -5 224/216 271 214 6.7 5516.3 CapitaLand 280 -2 285/278 379 275 10.3 3.2 *****.7 CapitaMall Trust 190 -2 192.5/188.5 228 184.5 5.7 6593.8 CityDev 850 -29 880/849 1095 835 10.2
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    • Article
      Lock icon MOST ACTIVE
      37 12 VOLUME Ezra 266,545,500 China Fishery 137,636,700 Chinese Global 113,403,500 Pacific Andes 80,521,400 Great Group 56,108,100 Market volume 1,910,613,000 VALUE DBS Grp 137,802,652 Singtel 111,470,954 UOB 68,917,204 OCBC Bank 67,438,976 Keppel Corp 40,289,498 Market value 1,117,713,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US670 -20 443 685/670 1000/652 670/671 83.8 STI ETF 292 -5 407 297/292 355/287 292/293 DBXT MSBrazil US$ US266 -9 81 270/266 614/263 UETF SSE50China 213 66 218/212 340/151 212/215 66.6 Lyxor
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Sep 1 VALUE CLOSE BT OB/OS -807.00 +77.00 BT CADI -*****.00 -153.00 BT 10-day MA -*****.00 -81.00 FTSE ST Mid Cap 658.60 -11.38 FTSE ST Small Cap 397.52 -5.97 FTSE ST All Share 690.15 -9.74 FTSE ST China Top 165.40 -3.94 FTSE ST China 203.43 -4.27 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 12 STI FTSE ST All-Share ftse ST All-Share index Sept 1,2015 690.15 -9.74 (-1.39%) Current streak 2 days Day high 700.76 Day low 689.64 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 12 STI MSCI EAFE MSCI EAFE index Aug 31,2015 1,736.81 -11.03 (-0.63%) Current streak 1 day Day high 1,746.41 Day low 1,731.87 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 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 12 2 0 0 0 0 12 2 Manufacturing 35 49 29 9 4 14 44 53 43 Commerce 15 26 7 3 6 5 18 32 12 Tpt/Stor/Comms 6 24 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,373 20,373 78,757 78,757 Manufacturing 372,671 147,613 520,284 86,271 5,441 91,712 Commerce 93,041 74,121 167,162 75,013 3,443 78,456 Tpt/Stor/Comms 407,453 454 407,907 242,433 39 242,471 Finance 27,725 117 27,842 291,198 18 291,216 Construction 16,194 10,031
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    • Article
      Lock icon GAINERS
      74 12 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 122.5 0.8 *****/***** DBXT S&P Short US$ 2305 57.7 1.8 2497/2104 DBXT S&P500 US$ 3279 15.5 0.3 3626/3097 DBXT MSPAKIS US$ 197 14.6 5.6 218.4/178.5 China Intl 50 8.5 20.5 138/26.5 BY PERCENTAGE CLOSE UP 52w high/low LH 0.3 50.0
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    • Article
      Lock icon LOSERS
      80 12 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -239.3 -1.4 *****/***** DBXT China50 US$ 2801 -163.3 -4.0 4258/2799 DBXT MSEurope US$ 5500 -130.9 -1.7 6300/5366 DBXT E50 US$ 4668 -98.6 -1.5 5310/4562 SPDR DJIA US$ ***** -90.1 -0.4 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low STI 3400MBeCW15
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE MS Hldgs 100.0 0.112 -0.021 -15.79 Chinese Global 113,403.5 0.038 +0.010 +35.71 ISR Capital 376.4 0.005 -0.003 -37.50 LH 7,924.0 0.003 +0.001 +50.00 World Precision 502.0 0.315 -0.020 -5.97 Hu An Cable 31,133.5 0.013 +0.001 +8.33 P99 1,960.0 0.079 +0.009 +12.86 MDR 34,000.0 0.005 -0.001
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    • BROKERS’ TAKE
      • Article
        Lock icon Tat Hong Holdings
        109 12 Hold Sept 1 close: S$0.47 Target price: S$0.52 DBS Group Research, Sept 1 WE upgrade our stance from “negative” to “neutral” as we believe price-to-book value (P/BV) valuations of -2SD (standard deviations) may have priced in earnings weakness, which is at a seven-year low since the global
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      • Article
        Lock icon Croesus Retail Trust
        197 12 Buy Sept 1 close: S$0.89 Target price: S$0.935 KGI Fraser Research, Sept 1 THE share price of Croesus Retail Trust (CRT) has come down due to a selloff in the general market. However, we still find CRT attractive as (1) CRT offers a very high FY16 forecast
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      • Article
        Lock icon IPS Securex Holdings
        141 12  -  By Kenneth Lim Buy Sept 1 close: S$0.79 Target price: S$1.15 RHB Research, Sept 1 IPS proposed a 1-into-3 share split to address its liquidity concerns. Subject to approval from shareholders, this will increase their total number of shares from 162 million to 486 million; it could
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    • Article
      Lock icon CALENDAR
      21 12 DATA I 9.30pm Singapore Purchasing Managers Index I 3am US Federal Reserve Beige Book I 8pm US MBA Morgage Applications
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    • Article
      Lock icon Yen, euro rise as markets turn risk averse
      423 13 CURRENCIES London THE safe-haven yen and the low-yield-ing euro rose on Tuesday on concerns about China’s economy, as investors unwound bets against the two currencies widely used to fund positions in riskier assets. Speculators and investors had sold low yielding currencies to
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 13
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 13 Sep 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.939 4.530 0.629 5.514 47.198 100.208 0.854 8.356 2.963 1.116 74.080 33.214 1.002 9.443 0.682 23.061 25.420 0.463 0.711 Canada 1.065 4.823
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 13
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      • Article, Illustration
        Lock icon DOW JONES
        2 13
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 13 Sep 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0013 1.0023 0.7112 0.7117 Canadian dollar 1.0663 1.0669 0.7576 0.7573 Euro 1.5936 1.5942 1.1319 1.1320 NZ dollar 0.8968 0.8978 0.6370 0.6375 Sterling pound 2.1641 2.1650 1.5371 1.5373
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      • Article, Illustration
        Lock icon NIKKEI
        1 13
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 13 Sep 1 S$ Bid Offer 1-month 1.4098 1.4105 2-months 1.4116 1.4123 3-months 1.4130 1.4137 6-months 1.4162 1.4170 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        204 13 Sep 1 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 15.3 -2.6 9692 0.1 1860 5 KepCorp MB eCW*****1 9.2 -1 8512 0.2 780 5 OCBC Bk MB eCW*****1 14.9 -2.5 6540 0.2 900
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 13 In local curr In S$ In US$ dy yr dy yr dy yr Aug 31 Index Change Change Change Change Change Change World Preliminary 1258.7 -0.3 -1.3 -0.1 2.8 -0.4 -3.4 EAFE Preliminary 1006.7 -0.4 2.0 -0.3 4.1 -0.6 -2.1 Europe Preliminary 1403.5 -0.1 1.6
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 13 Sep 1 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9247.50 9372.50 9000.00 9110.00 *****7 *****1 Oct15 9042.50 9150.00 8855.00 8927.50 1889 289 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****2 *****9 Dec15 *****.00 *****.00 *****.00 *****.00 5744 ***** MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 13 Sep 1 $S Offer Bid 0vernight 0.05 Par 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.35 US$ 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 13 Sep 1 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.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 13 Sep 1 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.02 102.09 102.08 5-Year N*****0S 2.000 01-Jul-20 99.34 99.35 99.25 10-Year NX*****Z 2.375 01-Jun-25 96.12 96.40 96.10 15-Year NZ*****F 2.875 01-Sep-30 96.77 97.15 96.90 20-Year NZ*****V 3.375 01-Sep-33 102.94
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        252 13 Aug-31 Price Net change change Last Trade Agricultural Aug-31 CBOT Soybeans (US cents/bu) 897.50 4.25 0.48% 14/09/2015 CBOT Soybean Oil (US cents/lb) 27.92 0.13 0.47% 14/09/2015 CBOT Wheat (US cents/bu) 482.50 5.50 1.15% 14/09/2015 Aug-28 LIFFE Cocoa (£/tonne) 2086.00 unch 0.00% 15/09/2015 LIFFE Coffee (US$/tonne) 1581.00 unch 0.00%
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      Lock icon SGX MAINBOARD
      1794 14 Transaction date: Sep 1 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit LOW Company 183 139 ARA Asset Mgmt 143 -1 193 145 142
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      Lock icon SGX CATALIST
      441 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol 1 0.3 t Advanced Systems 0.5 unch 80 0.5 0.5 13.2 High Day LOW Div 1.1 0.2 t Annica GrYld 10.2 4.3 t Artivision Tech Net 15.5
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      143 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 110.5 79.7 CIMB APAC Div US$ US83 +1.1 2 83 83 8.7 1440 1088 CIMBASEAN40 S$D 1143 0 1143 1143 1104 768 CIMBASEAN40 US$ US805 -5 2 810 805
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      536 9 T More information is available at the Savings Bond website at www.sgs.gov.sg/savingsbonds. 4 SING HU/V SUM/ rPeople Strategies for Asia: A TRANSFORMING GROWTH MARINA BAY SANDS SINGAPORE Asia's premier human capital and leadership conference Back for its seventh year, the 2015 Singapore Human Capital Summit will feature a world-class line-up
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      178 10 Wine, Dine& H gnrs c3^ 17 AUGUST TO 13 SEPTEMBER 2015 v«B :m¥x. a Mttft v./' .V* XP iftx v W .r^ ■wi mm, 3! SwissdtelXHE STAMFORD SINGAPORE For reservations and enquiries, please call +65 6431 6156, email dining.singapore@swissotel.com or book online at www.swissotel.com/hotels/singapore-stamford/dining. Swissotel The Stamford, 2 Stamford Road,
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      61 11 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! t PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or call +65 6319 4037 Visit www.btmandalay.com for more
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      187 11 PICTET Pictet-Absl Rtn Fxd Inc-HP EUR Pictet-Absl Rtn Glo Div-P EUR Pictet-Asian Equities Ex Japan-P USD Pictet-Asian Local Currency Debt-P USD Pictet-Biotech-P USD Pictet-Clean Energy-P USD Pictet-Digital Communication-P USD Pictet-Eastern Europe-P EUR Pictet-Em Lcl Ccy Dbt-P USD Pictet-Emerging Markets-P USD Pictet-EUR Bonds-P Pictet-EUR Corporate Bonds-P Pictet-EUR Government Bonds-P Pictet-EUR High
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      192 11 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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      71 14 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon 77 Robinson Road back on the market
      489 16  -  Seller may also be open to selling Anson House, which it bought last year, on an en bloc basis, observers say By Kalpana Rashiwala, Lynette Khoo kalpana@sph.com.sg @KalpanaBT lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE former SEB Asset Management, which has been acquired by Savills Investment
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    • Article
      Lock icon Bangkok blast expected to further weaken property market
      1000 16 BANGKOK POST Bangkok THE deadly Erawan Shrine bombing is expected to weaken already soft demand in the property market, prompting many residential developers to rethink and even scale down their plans for the next four months, normally considered the sector’s high season.
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      Lock icon China’s August home prices rise for first time in 2015: surveys
      334 16 REUTERS Beijing CHINESE home prices rose in August for the first time this year compared with year-ago levels, two private surveys showed on Tuesday, adding to signs of recovery in the property sector that could take some pressure off
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      183 16 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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      75 16 Expression of Interest Joint Venture for logistic/warehouse facilities operation Seeking established operator for logistic/warehouse operation Single storey warehouse space at Tuas South Land size approx. 80,000 sqft Warehouse space approx. 50,000 sqft Ceiling height approximately 11m T C Logistics Hub Pte Ltd Please call Owner 9144 0027/ 8101 6699 Everything,
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  • BANKING & FINANCE
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      Lock icon Currency probe by US said to expand to Russia, Brazil trades
      891 17 Escalating investigation scrutinising trading practices at banks that didn’t previously settle currency-rigging claims BLOOMBERG Washington US prosecutors have expanded their probe of currency-market manipulation by some of the world’s largest banks to include the Russian rouble and Brazilian real,
      BLOOMBERG; PHOTO: AFP  -  891 words
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      Lock icon Wall Street banks limit their support for online lenders
      544 17 BLOOMBERG New York WALL Street banks are scaling back their role in supporting debt sales that have helped online lending companies double their originations every year since 2010. Investment banks earn fat fees by helping lenders pool and store their loans
      BLOOMBERG  -  544 words
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      144 17 MIDAS™ touch f %ASIA2015 LEARN NETWORK* RECOGNITION i/t a LS H in I? -AS M MIDAS TOUCH ASIA2015 Midas Touch Asia Institute Congratulates Midas Touch Asia Enterprise Award 2015 Recipients Enterprise of the Year Award mm Mr Lawrence Leow Executive Chairman, Group CEO Crescendas Group Platinum Award UCH roue <201
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      159 17 ASIA EXECUTIVE SERIES EMERGING CFOs FOR ASIA PROGRAMME 2 6 NOVEMBER 2015 PROGRAMME FEATURES: Distinguished faculty from the University of Chicago and NUS, including the former Governor of the US Federal Reserve Leadership keynotes from top management of renowned MNCs Insightful discussions on how to manage risk, raise debt/equity capital,
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  • ENERGY & COMMODITIES
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      Lock icon Investors losing money on Europe power bonds
      758 18 Returns are falling amid an energy price slump that’s squeezing utilities’ earnings and cutting funds to repay debt BLOOMBERG London INVESTORS who bought utility bonds in euros haven’t had it this bad for more than a decade. Returns are falling amid an energy
      BLOOMBERG  -  758 words
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      Lock icon New oil rigs spur cheaper, quicker drilling amid supply glut
      773 18 BLOOMBERG Houston HAVE you ever seen an oil rig walk? Some of the newest rigs can travel hundreds of yards to the next well under their own power, lurching along like 150-foot- tall robots on pneumatic legs that raise the
      BLOOMBERG; PHOTO: AFP  -  773 words
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      Lock icon US corn crop showing signs of damage from weather
      507 18 BLOOM BERG Chicago BILL Long says the 1,500 acres (607 hectares) of corn he grows in Illinois is a mix of the good, the bad and the ugly, after soaking rains in June and July were followed by a dry August.
      BLOOMBERG  -  507 words
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      1418 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STC HOLDINGS PTE. LTD. (Co. Regn. No *****0398M (IN MEMBERS’ VOLUNTARY LIQUIDATION) Minutes of Extraordinary General Meeting of members of STC HOLDINGS PTE. LTD. duly convened and held at 26 Tuas Avenue 10 Singapore *****7
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  • TECHNOLOGY
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      Lock icon Russia’s fist clenches a little tighter around the Internet
      852 19 The latest in a string of about 20 laws forces tech firms to operate local servers to handle Russian personal data BLOOMBERG London GLOBAL Internet firms operating in Russia woke up on Tuesday to a new era in Kremlin regulation. A
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      Lock icon TV producers in talks with Apple for exclusive programmes
      371 19 With original programming, Apple will obtain premium content for a live TV service that it is said to be planning BLOOMBERG Los Angeles ENTERTAINMENT executives in Hollywood have held talks with Apple Inc about producing exclusive shows for Apple TV, according
      BLOOMBERG  -  371 words
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      Lock icon Samsung releases revamped smartwatch in challenge to Apple
      289 19 BLOOMBERG San Francisco SAMSUNG Electronics Co released its new Gear S2 smartwatch on Tuesday, looking to regain traction in the wearable technology market quickly being dominated by the Apple Watch. Samsung introduced two versions of the new round-faced device to be run
      BLOOMBERG; PHOTO: REUTERS  -  289 words
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      1634 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DUCHESS RESIDENTIAL PTE. LIMITED (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****6597W Notice of Resolution for Member’s Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of the members of Duchess Residential Pte.
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  • CONSUMER
    • Article
      Lock icon Toshiba finds new accounting issues
      541 20 10 new cases of problems include that at a US unit; earnings report postponed for one week to Sept 7 BLOOMBERG Tokyo TOSHIBA Corp has uncovered 10 new cases of accounting problems, including at a US unit, prompting it to miss a regulator’s deadline for
      BLOOMBERG  -  541 words
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      Lock icon Macau gaming revenue dives 35.5% in August
      580 20 Recent opening of new gambling resorts fails to rouse a return of mainland Chinese visitors BLOOMBERG Hong Kong MACAU’s casino malaise deepened in August, with gaming revenue falling a 15th straight month as the recent opening of new gambling resorts failed to rouse
      BLOOMBERG; PHOTO: BLOOMBERG  -  580 words
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      Lock icon 7-Eleven to set up panel to review wage fraud claims in Australia
      301 20 AFP Sydney CONVENIENCE store giant 7-Eleven will establish an independent panel to review damaging allegations that its franchisees doctor payrolls and systematically underpay workers in Australia. A joint investigation by the Australian Broadcasting Corporation (ABC) and Fairfax Media
      AFP  -  301 words
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      199 20 Misplaced your USB drive somewhere? Lost your work due to a power surge? Family photos corrupted by a computer virus? THE BUSINESS TIMES Hij'cfej o& \AiorK Don't be a victim of data loss. Subscribe to The Business Times and safeguard your PC or Mac with Acronis True Image Cloud for
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  • GOVERNMENT & ECONOMY
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      Lock icon Manufacturing grows at the slowest rate in over two years
      669 21 Factory order books were hit in August by poor demand from emerging markets such as China LATEST US DATA BLOOMBERG Washington MANUFACTURING in the US expanded in August at the slowest pace since May 2013 as anaemic demand from emerging
      BLOOMBERG; PHOTO: BLOOMBERG  -  669 words
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      Lock icon Global economy condemned to ‘moderate’ growth: IMF’s Lagarde
      658 21  -  21 Anthony Rowley btworld @sph.com.sg Tokyo A WEAKER-than-expected recovery in advanced economies, allied with a further slowdown in emerging economies, will condemn the world to “moderate” growth for the foreseeable future, International Monetary Fund (IMF) managing director Christine Lagarde warned on Tuesday.
      658 words
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      Lock icon China to slap new requirement on yuan trades to stem swings
      587 21 BLOOMBERG Beijing CHINA’S central bank added to measures designed to shore up the yuan, making it more costly for traders of forwards contracts to bet on swings in the currency. The People’s Bank of China will impose a reserve
      BLOOMBERG  -  587 words
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      Lock icon Fitch warns of downgrade risk in Malaysia’s rating outlook
      459 21 REUTERS Hong Kong MALAYSIA’S deteriorating currency position reflected in the ringgit’s sharp depreciation, falling foreign exchange reserves and shrinking current account surplus could force Fitch Ratings to restore the negative outlook attached to the country’s credit rating, it said this week.
      REUTERS; PHOTO: REUTERS  -  459 words
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      Lock icon Eurozone joblessness lowest in 3 yrs
      227 21 AFP Brussels UNEMPLOYMENT in the eurozone fell to its lowest level for three and a half years in July, raising hopes that economic recovery in the single currency area is taking hold, official data showed on Tuesday. Joblessness in the 19-nation bloc fell to
      AFP  -  227 words
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      Lock icon Economic slowdown gathers pace in Asia’s 3 biggest economies
      505 21  -  By Anthony Rowley btworld@sph.com.sg Tokyo EVIDENCE of a gathering economic slowdown across Asia continued to mount on Tuesday, as surveys revealed China’s manufacturing sector to be in its severest slump in several years, while in Japan, corporate capital spending slowed sharply
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  • TRANSPORT
    • Article
      Lock icon Ballast water uncertainty
      844 22  -  Large flag states are holding back from ratifying the BWM Convention until compliance issues are resolved STRAIT TALK BY DAVID HUGHES ONE of the biggest costs facing the global shipping industry is the installation of equipment to kill marine organisms present in the water used as ballast.
      844 words
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      Lock icon Fiat Chrysler’s audacious boss eyes bigger rival GM
      630 22 WP Washington EVER since Henry Ford’s mass-assem-bly line unleashed the relentless logic of scale on the modern auto industry, big automakers have always eaten the small. This Hobbesian dynamic has bred a race of global behemoths, all of which are suddenly eyeing
      WP  -  630 words
    • Article
      Lock icon Fiat Chrysler buying back defective vehicles in US
      334 22 BLOOMBERG Washington FIAT Chrysler Automobiles is buying back some defective vehicles, giving US$1,000 credits and handing out US$100 gift cards to get more owners to come in for repairs after US regulators said the company delayed previous safety efforts. In unveiling details
      BLOOMBERG  -  334 words
    • Article, Illustration
      Lock icon Nissan minivan is New York City’s new icon
      1113 22 NYT New York THE boxy yellow vehicle is a survivor. It won a competition to redesign New York City’s taxi. It endured a pot-hole-marred course in Arizona meant to replicate the city’s rugged streets. And it prevailed in a legal battle and
      NYT; PHOTO: NYT  -  1,113 words
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      1782 23 THE BUSINESS TIMES Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN BTM PKL KUC KK JKT MALAYSIA STAR 49 50 10/9 11/9 15/9 17/9 CALMY CORAL 092 60 21/9
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      245 23 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 148 BST275 03/09/2015 04/09/2015 Buatan/Buatan DAILY Marco Polo 298 PRW029 03/09/2015 04/09/2015 Pelindo/Perawang DAILY Marco Polo
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  • OPINION
    • Article
      Lock icon MTP a way to push underperforming SGX companies to raise their game
      502 24 EDITORIAL MANY in the local market are still against Singapore Exchange’s (SGX) recent minimum trading price (MTP) initiative which requires all mainboard-listed companies to ensure their shares do not fall below S$0.20. Among the common criticisms are that
      502 words
    • Article
      Lock icon Blame the top central bankers for the financial casino
      800 24  -  THE BOTTOM LINE By Neil Behrmann IGNORE pundits who attempt to predict gyrating markets. Some, such as The Guardian’s economics writer, are claiming that the plunge could be a signal for another 1929-type Great Crash; others on CNBC and Bloomberg TV
      800 words
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      Lock icon Have a Big Mac, Xi now let’s talk business
      1294 24  -  Campaigning for president, Trump says that’s what he’ll tell the Chinese president if he wins By Leon Hadar IF YOU are a veteran editor of an American newspaper, you will have to admit that sometimes when stocks take a dive or
      PHOTO: BLOOMBERG  -  1,294 words
    • Article
      Lock icon China and changing global balance of power
      991 25  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (The Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics, and a former UK government special adviser THE recent gyrations in global stock markets underline growing
      991 words
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      Lock icon To survive and thrive, big banks need to collaborate and adapt
      720 25  -  By Juerg Zeltner T The writer is president of UBS Wealth Management IT HAS become so widely accepted that financial technology (fintech) startups are bold, nippy, innovative predators, and the big financial institutions are their lumbering, sclerotic and probably
      PHOTO: BLOOMBERG  -  720 words
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      Lock icon CHEAP OIL AND GLOBAL GROWTH
      1004 25  -  Falling oil prices are rooted in Middle East geopolitics, not wilting Chinese demand, and one can fully expect global growth to get a boost from cheap oil. By ANATOLE KALETSKY By ANATOLE KALETSKY T The writer is chief economist and co-chairman of Gavekal Dragonomics and
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  • LIFE & CULTURE
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      Lock icon Depp’s top draw, Netflix eyes Gold in Venice
      746 26 A total of 21 works are competing for the top prize at the 72nd edition of the annual film fest AFP Venice JOHNNY Depp tops the cast of stars headed to Venice this week for what is shaping up as something of
      AFP; PHOTOS: REUTERS, AFP  -  746 words
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      Lock icon Boxing orangutans a throwback as Thais warm to animal rights
      838 26 AFP Bangkok BOXING gloves raised, two orangutans enter a ring in a Thai zoo a spectacle that fascinates locals and foreigners alike but sits increasingly at odds in a nation slowly embracing animal welfare. Every morning, hundreds of tourists visit
      AFP; PHOTOS: AFP  -  838 words
    • Article, Illustration
      Lock icon Tokyo Olympic panel to drop copied logo
      500 26 AFP Tokyo TOKYO’S 2020 Olympics organisers on Tuesday scrapped the controversial design of the event’s logo on the back of accusations that it had been plagiarised. The committee said at a press conference that it would now seek new design ideas and provide
      AFP; PHOTO: REUTERS  -  500 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      313 26 CRYPTIC CROSSWORD Across 6 Awfully wet, raw now hide for time when the elements are more favourable (7,6) 8 A way ham is carved leading to complaint (6) 9 Press and TV ignoring a gallery’s muse (8) 10 In favour of short concert being curtailed (3) 11 Go very pale,
      313 words
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      293 27 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
      293 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Anxiety grows that US stocks are overpriced
      1164 28  -  There are reasons to ask whether 10% drop in five days was a quick, effective slap on the wrist, or if the market is still too overactive.BY overactive.BY ROBERT SHILLER NYT OVER the five trading days between Aug 17 and 24, the US
      NYT; PHOTO: AFP  -  1,164 words
    • Article
      Lock icon How to choose an independent wealth manager
      1219 28  -  MONEY MATTERS By Steven CY Seow The writer is principal and head, wealth management, Asia, at Mercer Investments BANKS, insurance companies, brokers, financial advisors and independent wealth managers the list of people ready to offer investment advice is confusing and growing exponentially. With
      1,219 words
    • Article
      Lock icon More stock sells than buys by mutual funds
      457 27 ON THE RADAR GLOBAL mutual funds sold far more Singapore stocks than they bought in the three months to Aug 26. Based on the top five stocks, there were net sells of S$1.08 billion, compared to net buys of S$782.2 million. This
      457 words
    • Article
      Lock icon Rough ride for Carlyle in hedge fund business
      917 27 Its credit-focused hedge fund, Claren Road Asset Management, has faced US$6 billion in redemption requests since last September NYT New York IF nothing else, the last week has proved that it can be very difficult to run a hedge fund. The Carlyle
      NYT  -  917 words
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      51 28 emirates.com/sg Say hello to free Wi-Fi in the sky Now it’s free to connect on most of our A380 aircraft. Or buy 500MB for just USD1. World-class service Earn Skywards Miles Enjoy a stopover in Dubai For more details, visit emirates.com/sg, call us at 6622 1770 or contact your travel
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