The Business Times, 3 September 2015

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Total Pages: 26
1 26 The Business Times
  • 35 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD BEST IN OVERALL REDESIGN S$1.00 Slh A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [1 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Thursday, September 3,2015
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  • 29 1 MARKETS Wednesday Change STI 2,878.13 -4.64 KL COMP 1,590.19 -19.02 NIKKEI 225 18,095.40 -70.29 HANG SENG 20,934.94 -250.49 SHENZHEN B 1,024.41 -14.58 DOW (11:45 am EDT) 16,194.18 +135.83
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  • Article, Illustration
    236 1 Singapore interest rates jumped again as Asian currencies were hammered by continued China economic weakness. The three-month SOR was quoted at 1.54 per cent on Tuesday, jumping 10 per cent from a week ago. TOP STORIES 3 Hundreds of billions of dollars in economic output from South-east Asia’s
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  • 911 1  -  More downgrades likely, they say, as manufacturing remains a drag By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S forecasters have tempered both their growth and inflation forecasts for 2015 and some say more downgrades are in store. This is especially after the latest
    Source: MAS Survey of Professional Forecasters, September 2015  -  911 words
  • 722 1  -  weak manufacturing data in China and the US sparks worries over global growth By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore ASIAN shares were rudderless in storm-tossed waters as a fresh wave of volatility swept across regional bourses on Wednesday, with the trigger this time
    Photo: REUTERS; Source: Bloomberg  -  722 words
  • Page 1 Advertisements
    • 56 1 8 "*****1 *****4 CAMPAIGN STARTS PAP and WP hold rallies S’PORE ELECTION 2 Jaeger-leCoultre Boutique 2 Orchard Turn, ION Orchard, #02-08, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2M-240, Singapore W Master Grande Tradition Tourbillon Cylindrique a Quantieme Perpetuel watch Dr. Craig Venter, decoder of human DNA JL
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    • 23 1 HOCK LOCK SIEW Olam, CEFC: 2 trading cases needing scrutiny COMPANIES MARKETS 7 OFFICE OUTLOOK Prime rents seen softening further real estate /12
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    • 13 1 CURRENCY JITTERS Chinese economy still on growth path: adb chief TOP STORIES 4
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  • SINGAPORE GENERAL ELECTION
    • 910 2  -  He says at PAP’s first rally that being able to care about people is more important than IQ or CV By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore Singapore WHEN it comes to finding suitable candidates to enter politics, the People’s Action Party (PAP)
      PHOTO: ONG WEE JIN / THE STRAITS TIMES  -  910 words
    • 990 2  -  It says odds are stacked against opposition in running of town councils By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Aljunied GRC incumbents took the offensive in addressing the long-running town council saga at the Workers’ Party’s (WP) first rally on Wednesday
      PHOTO: DESMOND WEE / THE STRAITS TIMES  -  990 words
    • 539 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore FOR the first time, the Elections Department (ELD) will announce “sample count” results for each of the 29 constituencies not long after polling closes on Sept 11, to give the public an early indication
      BT Graphics Source: Elections Department  -  539 words

  • TOP STORIES
    • 565 3  -  Rate has risen 10% from a week ago and has more than tripled from 0.48% on Jan 19; 3-month Sibor is unchanged at 1.07% By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE interest rates have jumped again as Asian currencies get
      Source: Bloomberg  -  565 words
    • 560 4  -  He adds that though Chinese stock prices have fallen significantly, they are still higher than months ago CURRENCY JITTERS By Anthony Rowley btworld@sph.com.sg Tokyo ASIAN Development Bank (ADB) president Takehiko Nakao on Wednesday backed China’s recent devaluation of the yuan,
      PHOTO: AFP  -  560 words
    • 300 4 BLOOMBERG Hong Kong HONG Kong’s de facto central bank stepped in for a second day to prevent the city’s currency from breaking out of the strong end of its pegged range against the US dollar. The Hong Kong Monetary Authority
      BLOOMBERG  -  300 words
    • 740 4 That’s the key quality behind five rising major currencies BLOOMBERG London THE shakeout in global markets is sending currency traders back to basics. All five of the major currencies to have strengthened against the dollar in the past
      BLOOMBERG; PHOTO: BLOOMBERG  -  740 words
    • 754 4  -  China woes add force to secular stagnation debate REUTERS BREAKINCVIEWS By Andy Mukherjee THE past two weeks have been turbulent for the world’s markets. But they have been buoyant for proponents of the theory that the global economy is stuck in a semi-permanent rut. The so-called
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    • 676 5  -  Green Mark 2015 credits building owners for driving push for green technology By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE Building and Construction Authority (BCA) on Wednesday unveiled the world’s first high-rise rotatable laboratory for the tropics, and also announced the
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    • 458 5  -  Lloyds: Emerging economies will bear two-thirds of riskrelated financial losses By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore HUNDREDS of billions of dollars in economic output from Southeast Asia’s largest cities could be at risk from threats such as a human pandemic or
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  • Page 3 Advertisements
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  • Page 5 Advertisements
    • 321 5 R E SID E N S I L E D A N G URBAN SANCTUARY i E A S T L E D A N G WORLD CLASS GETAWAY HOME 1 k SIGNATURE SELECTION A selection C of prime properties signature selection la VNch co«* txpERIENCES^ t0/?f RESIDENSILEDANG 5 SEPTEMBER
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  • COMPANIES & MARKETS
    • 698 6  -  It cites unfavourable supply-demand dynamics in these two Reit sub-sectors By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RHB has downgraded the real estate investment trust (Reit) sector to “underweight”, joining the likes of Maybank Kim Eng which has a similar rating, and other houses
      Source: RHB, CBRE; Source: RHB, various companies  -  698 words
    • 310 6  -  HOT STOCK By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SHARES in Chosen Holdings took off on Wednesday after the plastic components company was, for lack of a better verb, chosen by private equity firm Shaw Kwei Partners for a privatisation bid. Trading in the shares
      Source: Bloomberg  -  310 words
    • 163 6 BLOOMBERG Singapore INTEGRADORA de Servicios Petroleros Oro Negro, a Mexican oil-rig operator partly owned by Singapore’s Temasek Holdings Pte, is again amending bond covenants as it struggles to win new contracts. Noteholders agreed at a meeting on Tuesday on changes to the company’s
      BLOOMBERG  -  163 words
    • 627 7  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT THE volatility in China’s stock market may be occupying most of the headlines but this should not distract attention from two recent occurrences in the local stock market that warrant closer regulatory scrutiny. he first
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    • 1199 7  -  CFO must become a better business partner to the CEO.BY CEO.BY MELVIN YONG GETTING chief financial officers (CFOs) ready to be more effective business partners will be a key priority if they are to better support the growth of their organisations with greater economic
      FILE PHOTOS  -  1,199 words
    • CORPORATE DIGEST
      • 58 7 FUEL trader CEFC International said it has received an in-principle approval from the Singapore Exchange (SGX) for its placement of 705.5 million shares to raise S$246.9 million. “The approval-in-principle of the SGX is not to be taken as an indication of the merits of the subscription, the subscription
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      • 34 7 SHAREHOLDERS of Sapphire Corp approved the acquisition of China rail engineering specialist Ranken Infrastructure Ltd for 360.4 million yuan (S$75.9 million). Ranken has an order book of 2.1 billion yuan at end-2014.
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    • 294 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore CAPITALAND’S serviced residence arm The Ascott has clinched four contracts to manage more than 850 units in Asia, the real estate company announced on Wednesday after the market opened. The contracts will be for residences operated under The
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    • 740 8  -  After rebounding to an intraday high of 2,906, the index closes at 2,878 for a net loss of 4.6 points STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Wednesday moved in tandem with the US futures market as traders tried
      Source: Bloomberg  -  740 words
    • 305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 216 -2 221/216 271 214 6.8 5465.6 CapitaLand 279 -1 283/277 379 275 10.2 3.2 *****.9 CapitaMall Trust 186.5 -3.5 191/186 228 184.5 5.8 6472.3 CityDev 855 +5 863/848 1095 835 10.3
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    • 34 8 VOLUME Ezra 139,405,300 IHC 52,293,600 Noble 49,023,600 Chinese Global 46,230,000 China Fishery 39,485,800 Market volume 1,293,830,000 VALUE Singtel 104,081,758 DBS Grp 103,752,381 OCBC Bank 60,012,861 UOB 59,564,310 CapitaLand 30,294,242 Market value 986,960,000
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    • 109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US675 +5 721 682/673 1000/652 673/678 84.4 STI ETF 293 +1 288 295/292 355/287 292/293 UETF SSE50China 212 -1 226 215/208 340/151 212/216 66.3 DBXT CSI300 US$ US903 +23 72 907/865 1471/698
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    • 77 8 Sep 2 VALUE CLOSE BT OB/OS -662.00 +145.00 BT CADI -*****.00 -34.00 BT 10-day MA -*****.00 -66.00 FTSE ST Mid Cap 657.10 -1.50 FTSE ST Small Cap 396.95 -0.57 FTSE ST All Share 688.97 -1.18 FTSE ST China Top 165.51 +0.11 FTSE ST China 202.63 -0.80 FTSE
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    • 77 8 BY CENTS CLOSE UP 52w high/low Jardine C&C 2901 49.0 1.7 4384.5/2670 DBXT CSI300 US$ 903 32.5 2.6 1471/698 DBXT MSTaiwan US$ 1890 26.9 1.0 2392/1788 IS ASIA HYG US$ 1035 24.0 1.7 1130/1013 DBXT MSEAsia US$ 353 17.0 3.5 468/340 BY PERCENTAGE CLOSE UP 52w high/low ISR Capital
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    • 35 8 STI FTSE ST All-Share ftse ST All-Share index Sept 2,2015 688.97 -1.18 (-0.17%) Current streak 3 days Day high 694.45 Day low 688.75 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24, 2015)
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    • 32 8 STI MSCI EAFE MSCI EAFE Index Sept 1,2015 1,694.60 -42.21 (-2.43%) Current streak 2 days Day high 1,737.13 Day low 1,687.89 52-week high 1,949.49 (May 15, 2015) 52-week low 1,694.60 (Sept 1,2015)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 2 0 0 0 7 5 2 Manufacturing 39 39 22 5 7 13 44 46 35 Commerce 18 17 14 3 3 4 21 20 18 Tpt/Stor/Comms 9 15 8
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    • 122 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,670 16,670 58,826 58,826 Manufacturing 177,211 72,470 249,681 86,320 2,983 89,303 Commerce 89,270 36,072 125,342 85,125 1,666 86,791 Tpt/Stor/Comms 245,218 978 246,196 178,002 72 178,074 Finance 20,508 40 20,548 239,498 7 239,505 Construction 6,901 1,965
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    • 79 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -103.2 -0.6 *****/***** DBXT iBoxxIDR US$ 864 -96.1 -7.3 1053/864 DBXT iBoxxSig SG$ ***** -77.0 -0.6 *****/***** DBXT STGLDv US$ 2800 -67.8 -1.7 3382/2800 Lyxor Nasdaq US$ 1655 -56.5 -2.4 1838/1495 BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBeCW*****9 0.1
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    • 79 8 VOL CLOSE($) CHANGE Asian Micro 13,833.6 0.018 +0.006 +50.00 Logistics 68.2 0.330 +0.030 +10.00 ISR Capital 427.3 0.010 +0.005 +100.00 Mercator Lines 27,943.1 0.031 +0.011 +55.00 Chosen 3,972.2 0.240 +0.042 +21.21 Allied Tech 1,470.0 0.010 -0.010 -50.00 Transcorp 50.0 0.140 -0.020 -12.50 Koon 46.0 0.105 -0.033 -23.91 Smartflex
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    • 555 8  -  Compiled by Kenneth Lim OSIM international Hold Sept 2 close: S$1.465 Target price: S$1.61 DBS Group Research, Sept 2 OSIM’s business is predominantly in massage chairs, with at least 60 per cent of sales from the company’s massage products. While TWG is growing and has exciting prospects, we
      555 words
    • 10 8 DATA I 9.30pm (Sept 3) US Initial Jobless Claims
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    • 411 9 CURRENCIES Tokyo THE US dollar firmed against the euro and yen in Asia on Wednesday on building optimism over the health of the US economy. But the resource-dependent Australian dollar hit six-year lows as evidence mounts that Chinese growth is slowing. The
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    • FOREX RATES
      • Article, Illustration
        2 9
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      • 471 9 Sep 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.930 4.465 0.624 5.444 46.523 99.186 0.843 8.307 2.954 1.106 73.129 32.811 0.993 9.447 0.676 22.828 25.099 0.459 0.702 Canada 1.075 4.802
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      • 2 9
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      • Article, Illustration
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      • 155 9 Sep 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9925 0.9935 0.7023 0.7026 Canadian dollar 1.0674 1.0685 0.7556 0.7553 Euro 1.5918 1.5934 1.1264 1.1268 NZ dollar 0.8971 0.8981 0.6348 0.6351 Sterling pound 2.1616 2.1636 1.5296 1.5300
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      • 22 9 Sep 2 S$ Bid Offer 1-month 1.4153 1.4164 2-months 1.4171 1.4184 3-months 1.4183 1.4197 6-months 1.4218 1.4232 Source: OCBC
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      • Article, Illustration
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • 202 9 Most active Sep 2 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 9 -0.2 9509 0.2 780 5 UOB MB eCW*****1 13.8 0.3 8797 0.1 2080 4 OCBC Bk MB eCW*****1 15.2 0.3 7334 0.2 900
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      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 1 Index Change Change Change Change Change Change World Preliminary 1225.5 -2.3 -3.9 -2.0 0.4 -2.1 -5.8 EAFE Preliminary 978.8 -2.8 -0.8 -2.3 1.8 -2.4 -4.5 Europe Preliminary 1367.7 -2.5 -1.0
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      • 389 9 Sep 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9100.00 9565.00 8905.00 9175.00 *****6 *****7 Oct15 8840.00 9330.00 8740.00 8970.00 3732 1061 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****9 *****7 Dec15 *****.00 *****.00 *****.00 *****.00 4424 ***** MSCI TAIWAN
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    • BANK RATES
      • 154 9 Sep 2 $S Offer Bid 0vernight 0.01 Par 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.25 US$ 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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      • 36 9 Sep 2 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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      • 71 9 Sep 2 Sep 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.04 102.11 102.03 5-Year N*****0S 2.000 01-Jul-20 99.41 99.40 99.05 10-Year NX*****Z 2.375 01-Jun-25 96.44 96.60 95.52 15-Year NZ*****F 2.875 01-Sep-30 97.28 97.30 96.22 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • 193 9 Sep-1 Price Net change change Last Trade Agricultural Sep-1 CBOT Soybeans (US cents/bu) 884.75 -12.75 -1.42% 14/09/2015 CBOT Soybean Oil (US cents/lb) 27.22 -0.70 -2.51% 14/09/2015 CBOT Wheat (US cents/bu) 484.00 1.50 0.31% 14/09/2015 Sep-1 LIFFE Cocoa (£/tonne) 2110.00 24.00 1.15% 15/09/2015 LIFFE Coffee (US$/tonne) 1583.00 2.00 0.13%
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      • 57 9 Sep 2 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 1917.0 1923.0 1927.0 1917.0 62 2615 Oct 15 1951.0 1954.0 1970.0 1945.0 4889 ***** Nov 15 1988.0 1989.0 2003.0 1981.0 ***** ***** Dec 15 2030.0 2030.0
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    • 1218 10  -  Asia Rail Engineering seeks to be the principal track contractor for Singapore and the region beyond By Ong Hui Qun ohuiqun@sph.com.sg Singapore AFTER Singapore’s MRT trains wind down at around midnight, Asia Rail Engineering’s maintenance engineers step onto the tracks and work non-stop
      PHOTO: ASIA RAIL ENGINEERING  -  1,218 words
    • 1785 11 Transaction date: Sep 2 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit LOW Company 183 139 ARA Asset Mgmt 141.5 -1.5 262 144 140
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    • 369 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (’000) High Day LOW Div 1.1 0.2 t Annica GrYld 10.2 4.3 t Artivision Tech Net 15.5 5 t AsiaMedic MCap 35 20 t SCnergy 20 29.5
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    • 149 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 110.5 79.7 CIMB APAC Div US$ US81 -2 3 81 81 8.5 1440 1088 CIMBASEAN40 S$D 1125 -18 0 1125 1125 vol 4258 2782 DBXT China50 US$ US2782 -19
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  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 174 7 Deutsche Bank By invitation db.com 5th Annual Women in Asian Business Conference Men Matter September 22, 2015 'pSY'ftnrm. The fifth edition of Women in Asian Business Conference will showcase an array of accomplished speakers who will debate men's role as critical partners in creating sustainable change towards diversity and inclusion
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  • Page 10 Advertisements
    • 13 10 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM™ SINGAPORE ORIES THEN NOW TOMORROW
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    • 79 10 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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  • Page 11 Advertisements
    • 72 11 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 l eading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team
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  • REAL ESTATE
    • 707 12  -  URA data shows that office rents in the Central Region has weakened by 2.6% in Q2, after rising 0.6% in Q1 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore OFFICE rents in Singapore’s Central Business District (CBD) likely peaked in the first quarter of this year,
      707 words
    • 339 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE sovereign wealth fund GIC and DLF Home Developers, a unit of India-listed real estate developer DLF Ltd, have formed a joint venture to invest in two upcoming projects in Delhi. Both projects will
      339 words
    • 611 13  -  Merger between Cushman Wakefield and DTZ worldwide completed and the new entity largely retains Cushman’s name BY Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DTZ Debenham Tie Leung (SEA), which is still slightly over 30 per cent held mostly by its original founders, continues to operate
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    • 353 13 BLOOMBERG Hong Kong HONG KONG monthly home sales were the weakest in 17 months in August, as a deepening stock market rout that began in China hurt sentiment among homebuyers. The city sold 3,896 residential units last month, about one-third fewer than
      BLOOMBERG; PHOTO: REUTERS  -  353 words
    • 656 14  -  Move to sell entire building through EOI comes amid recent sluggish office strata launches in the market BY Lynette Khoo |ynkhoo@sph.com.sg @LynetteKhooBT Singapore THE Prospex, a nine-storey commercial building in Bugis, has been put up for sale by private real estate
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    • 1245 14 Property transactions for districts 1 to 28 with contract dates between July 22 and July 28,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 24/07/2015 99 861 1440 1672 District 3 NON-LANDED Alex
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    • 303 14 Singapore SHUNFU Ville, a privatised former HUDC estate on Marymount Road, launched its collective sale by tender on Wednesday, confirming a report by The Business Times in July. Owners of the 358-unit residential development in the popular Bishan/Thomson area are said to be expecting offers
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    • 187 14 BLOOMBERG Toronto SALES of the most expensive luxury homes more than doubled in Toronto in the first seven months of the year, fuelled by foreign demand for housing in Canada’s largest city, according to Re/Max Holdings Inc and Re/Max Integra. Sales of houses
      BLOOMBERG  -  187 words
  • Page 12 Advertisements
    • 268 12 77 Robinson Road A 35-storey office tower with retail on ground floor Commanding frontage of 90m along Robinson Road Net lettable area of 293,818 sf approx. Large and efficient column-free floor plates Generous carpark provision Excellent opportunity for value creation through asset enhancement Highly accessible with 4 MRT stations within
      268 words
    • 108 12 CBD COMMERCIAL BUILDING FOR SALE ‘V Sammi Urn Low Choon Sin (CEA Reg No.: R*****9J) (CEA Reg No.: R*****5H) Tel: 9368 9803 Tel: 9841 0006 The Prospex *108 Middle Road Site Area: Approx. 489 sq m 5,264 sq ft GFA: Approx. 3,884 sq m 41,806 sq ft 9-Storeys. Newly TOP-ed
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    • 193 12 RENT Bedazzled! Black White Holland E If SALE FOR Avillafeel,aluxuriousvintagepiece,ablack andwhitethemewithtotalcomfortand everyelementofmodernfinishyoucould hopefor.NestlednearHollandVillage,its sensationaleleganceandclassicfeatures combinethewhispersofyorewithseduction alamode.Apristinefinish,aneasy generousflowoflayout,anunbeatable location.Pool,lawns,patios,5bedrooms, allensuite.Comeandbedazzled. www.isabelredrup.com A boutique real estate agency See our amazing slideshow on: www.isabelredrup.com/ir4a.php Call+65 *****190 email: susan@isabelredrup.com Agency Licence No: L*****87E AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and
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  • Page 13 Advertisements
    • 197 13 Prof Tim Boatswain Chairman, TEG Board of Directors, former Pro- Vice Chancellor of Ik University of Huddersfield, 1 University of Bedfordshire glyndv UNIVEI ara 1 Education is our business where students come first. m3 Master of Business Administration MBA (Accounting and Finance) MBA (Fluman Besource Management) MBA (International Business) MBA
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    • 422 13 A generational opportunity to secure Perth’s largest available coastal master-planned community FOR SALE L*****26E Moore River South, Moore River, Western Australia Rare opportunity to purchase a major coastal development site only an hour* North of Perth and close to the expanding northern metropolitan corridor Total land area of 2,099 hectares*
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  • Page 15 Advertisements
    • 4927 15 Voluntary Conditional Cash Offer by SOUTHSHORE PTE. LTD. (Company Registration No.: *****0037K) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares (excluding treasury shares) in the capital of CHOSEN HOLDINGS LIMITED (Company Registration No.: *****4325C) (Incorporated in the Republic of Singapore) other than those
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  • BANKING & FINANCE
    • 844 16 It plans to increase investments in assets aside from JGBs by 30 per cent to 60 trillion yen in the fiscal year ending March 2018 BLOOMBERG Tokyo AS the world’s biggest pension fund nears the end
      BLOOMBERG; PHOTO: BLOOMBERG  -  844 words
    • 457 16 BLOOMBERG Beijing CHINA’S central bank will have to step back from supporting the yuan by early December and allow the currency to decline, given the current strain on foreign-exchange reserves, according to Rabobank Group. The nation has to keep
      BLOOMBERG  -  457 words
    • 185 16 REUTERS Frankfurt GERMANY plans to ease the path for hundreds of thousands of people granted asylum in the country to set up bank accounts, while ensuring that anti-money laundering measures remain in place, the head of financial watchdog Bafin said on Wednesday.
      REUTERS  -  185 words
    • 846 16 BLOOMBERG Mumbai SLIDING money-market rates have been hailed by Reserve Bank of India governor Raghuram Rajan as evidence his interest-rate cuts can revive the economy while banks fail to pull their weight. One-year commercial paper rates dropped 72 basis points
      BLOOMBERG  -  846 words
  • Page 16 Advertisements
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    • 0 16 %&^^::,*}_'|{\/%?|?-</'{@+<;/:-
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    • 140 16 GOOD CLASS BUNGALOW LAND FOR SALE HOLLAND PARK Brand New Land ***** sf Build Up ***** sf Contemporary tropical design Beautiful land Wide frontage Easy access, mins to Botanic Garden, Priced to sell OpenHouse SWISS CLUB ROAD Land ***** sf Beautiful elevated yet flat land Amazing view Easy access to
      140 words

  • ENERGY & COMMODITIES
    • 688 17 Shanghai International Energy Exchange says it could happen as early as October REUTERS Singapore CHINA may launch a global crude oil futures contract as early as October to compete with the existing London Brent and the US WTI benchmarks, three sources said, as
      REUTERS  -  688 words
    • 584 17 BLOOMBERG San Francisco POWER producers who invested billions in turbines are finding that making money off the wind can be as unpredictable as the energy source itself. NextEra Energy Inc, NRG Yield Inc and Duke Energy Corp all said a lack of
      BLOOMBERG; PHOTO: BLOOMBERG  -  584 words
    • 277 17 BLOOMBERG Houston CONOCOPHILLIPS, the fourth largest US oil company, plans to reduce its workforce by 10 per cent in the latest sign that the energy industry is preparing for a longer downturn. Most of the 1,800 jobs being lost will come from North America, including
      BLOOMBERG  -  277 words
  • Page 17 Advertisements
    • 2123 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CHASWOOD RESOURCES HOLDINGS LTD. (Company Registration Number: *****1894D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of CHASWOOD RESOURCES HOLDINGS LTD. (the “Company”) will be held at 22
      2,123 words

  • TECHNOLOGY
    • 727 18 Competitors tap top law enforcement officials to bolster digital security and compliance Bloomberg London BARCLAYS plc is hacking its own computer systems to stay a step ahead of the criminals. Troels Oerting, who joined as chief information security officer
      Bloomberg; PHOTO: BLOOMBERG  -  727 words
    • 324 18 AFP San Francisco HACKERS targeting jail-broken iPhones have raided more than 225,000 Apple accounts, using them for app-buying sprees or to hold phones for ransom, researchers said on Tuesday. Jail-broken means modified to run apps not sanctioned by Apple. “We believe this to
      AFP  -  324 words
    • 291 18 BLOOMBERG Frankfurt SAP SE has become the latest big technology company to throw its weight behind the open-source data-sifting software called Spark as it tackles information streaming from industries such as retail, telecommunications and transport. The German company is releasing software this month called Hana
      BLOOMBERG  -  291 words
  • Page 18 Advertisements
    • 520 18 Upgrade and Upsize Your Online Marketing Efforts for Maximal Returns Who should attend: Business Owners, Social Media and Website Managers, Marketing Professionals FULL-DAY WORKSHOPS How Should SMEs Upgrade Their Online Marketing Efforts? Getting a consistent flow of sales enquiries is important to sustain a business, especially for SMEs. Without a
      520 words

  • CONSUMER
    • 661 19 Tech giants will be jostling for a share of the fast-growing market at the IFA show AFP Berlin SLEEKER and sexier smartwatches are expected to premiere this week in Berlin at one of the world’s biggest consumer electronics shows, with both phone
      AFP; PHOTO: AFP  -  661 words
    • 349 19 NYT New York IAN Rogers, the music executive at Apple who stunned the industry last week with news of his departure, has revealed his new job: chief digital officer at LVMH, whose brands include Louis Vuitton and Moët Chandon. Mr Rogers, 43, was
      NYT  -  349 words
    • 296 19 REUTERS London NICK Robertson, the founder of British online fashion retailer ASOS, has stepped down as chief executive after 15 years in which he transformed the Internet minnow into a retail powerhouse with fans around the world. ASOS, popular with Internet-savvy twentysomethings and
      REUTERS  -  296 words
  • Page 19 Advertisements
    • 293 19 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

  • TRANSPORT
    • 544 20 Rout has triggered what traders call contango, a price pattern that lessens the need for speedy oil deliveries BLOOMBERG London SLUMPING oil prices are spurring 6,400-kilometre diversions of tankers filled with diesel and jet fuel as the price of ship fuel
      BLOOMBERG  -  544 words
    • 583 20 REUTERS San Francisco UBER drivers are entitled to class action status in litigation over whether they are independent contractors or employees, a key development in a case threatening Uber’s business model and that of other hot startups dependent on
      REUTERS  -  583 words
    • 614 20 AFP New York US AUTO sales rose at a solid pace in August, boosted by continued robust demand for sport utility vehicles and pickups amid low gasoline prices and an improving jobs market. Lightweight vehicle sales totalled 1.58 million, increasing from
      AFP; PHOTO: AFP  -  614 words
    • 1077 20 It’s not the driverless car’s fault it’s the other drivers’: Google NYT Mountain view, California GOOGLE, a leader in efforts to create driverless cars, has run into an odd safety conundrum: humans. Last month, as one of Google’s self-driving cars approached a crosswalk, it did what it was supposed to
      NYT; PHOTO: NYT  -  1,077 words
    • 818 24 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
      818 words
  • Page 20 Advertisements
    • 399 20 TRANSFORMING INDIA Country targets 100 Smart Cities Mahatma Gandhi’s granddaughter in Singapore GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438) IN THE MATTER OF THE COMPANIES ACT, CAP 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF MEGAWHEEL INDUSTRIES PTE LTD (Company No:
      399 words

  • GOVERNMENT & ECONOMY
    • 595 21 New orders for manufactured goods increase 0.4% after an upwardly revised 2.2% rise in June LATEST US DATA REUTERS Washington NEW orders for US factory goods rose for a second straight month in July on strong demand for vehicles, which could
      REUTERS  -  595 words
    • 444 21 REUTERS AFP Jakarta THE International Monetary Fund said on Wednesday it was speaking with Chinese authorities about the country’s “very significant” economic transition, which it hoped would be managed in an “orderly fashion”. IMF managing director Christine Lagarde told reporters: “We
      REUTERS; AFP  -  444 words
    • 706 21 AFP Sydney AUSTRALIA’S economy expanded at its slowest quarterly pace in more than two years, data showed on Wednesday, with exports dragged down by weakening growth in key trading partner China. Resources-driven economies such as Australia, Brazil and Canada have
      AFP; PHOTO: REUTERS  -  706 words
    • 425 21 Zurich SWISS authorities said on Wednesday they had frozen funds in Swiss banks amid a probe into people linked to Malaysia’s troubled state investment fund, 1 Malaysia Development Berhad (1MDB), on suspicion of corruption and money laundering. “The Office of the
      425 words
    • 404 21 BLOOMBERG London THE great global monetary tightening of 2015 is under way, but it’s not being led by the Federal Reserve. Even as US policy makers ponder whether to raise interest rates this month, one recent source of central bank liquidity in financial
      BLOOMBERG  -  404 words
    • 319 21 REUTERS Jakarta INDONESIAN President Joko Widodo on Wednesday promised quick and “massive deregulation” to attract much needed investment to Southeast Asia’s largest economy. This is his latest move to try to improve investor sentiment about Indonesia, which has soured recently due to slowing
      REUTERS  -  319 words

  • OPINION
    • 592 22 EDITORIAL AS the fight for votes gets underway in Singapore’s 2015 General Election (GE), the battle lines have been drawn, with the ruling party and the opposition framing the issues before the electorate in broadly different strokes.
      592 words
    • 743 22  -  THE BOTTOM LINE By Kristina Hooper T The writer is the US Investment Strategist and Head of US Capital Markets Research Strategy with Allianz Global Investors HERE’S a breakdown of the confusion created by Fed officials’ public comments and how they stir up higher volatility and
      743 words
    • 1269 22  -  The real estate industry now has the opportunity to offer, beyond the physical space, the place where human lives happen and memories are built. BY PATRICK LECOMTE BY PATRICK LECOMTE T The writer is senior research fellow at ESSEC Asia Pacific IN A prescient speech
      FILE PHOTO  -  1,269 words
    • 978 23  -  COMMENTARY By David Folkerts-Landau T The writer is chief economist of Deutsche Bank and member of its Group Executive Committee OVER the past two weeks or so global equity markets have suffered violent moves reminiscent of the financial crisis. Despite a significant retracing
      978 words
    • 981 23  -  By Asit K Biswas T The writer is Distinguished Visiting Professor at the Lee Kuan Yew School of Public Policy. He will be giving the keynote lecture at the 40th anniversary celebrations of Singapore-South Korea diplomatic ties. ON SEPT 3, Singapore
      981 words
    • 1186 23  -  The gyrations felt in the world’s markets had their roots in China, but Asia’s giant was just shifting over to a new way of growing. BY SHAHID JAVED BURKI growing.BY SHAHID JAVED BURKI T The writer is former vice-president of the World Bank and also
      PHOTO: REUTERS  -  1,186 words


  • Page 24 Advertisements
    • 203 24 PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Developments Come publicise your Corporate Developments, Corporate
      203 words

  • LIFE & CULTURE
    • 597 25 Fortnum Mason replaces brasserie with new restaurant 45 Jermyn Street’s menu will move through breakfast to traditional dishes and modern options BLOOMBERG London FORTNUM Mason, the posh London department store that traces its history to 1707, has closed its Fountain brasserie after 60 years and plans to replace it with
      BLOOMBERG  -  597 words
    • 575 25 AFP Dushanbe, Tajikistan IT began with a low rumbling noise. Then the rivers of mud poured down the mountainside over the Tajik village of Barssem: the latest victim of shrinking glaciers that are an alarming portent of climate change in Central
      AFP  -  575 words
    • 587 25 WP Vancouver LULULEMON customers will soon face a potentially awkward question when choosing workout pants: Do you want to feel “hugged” or merely “held-in”? The retailer, which helped make workout clothes an acceptable everyday outfit, rolled out a revamp of its women’s workout
      WP; PHOTO: REUTERS  -  587 words
    • 280 25 AFP Shanghai AN ice cream chain in China’s commercial hub Shanghai is offering a lickable likeness of the head of executed Japanese war criminal Hideki Tojo to mark the 70th anniversary of the end of World
      AFP; PHOTO: AFP  -  280 words
    • 392 25 AFP Miami THREE out of four Americans’ hearts are older than their chronological age, raising the risk of heart disease, stroke and premature death, officials said on Tuesday. An online tool at www.cdc.gov/heartdisease/heartage .htm can help people determine how old
      AFP  -  392 words
  • Page 25 Miscellaneous
    • 312 25 CRYPTIC CROSSWORD Across 1 A daughter’s befuddled, consuming large drinks (7,4) 9 in control of a race meeting taking two males fifty miles (2,3,4)12 10 A number grow sick, get benefit (5) 11 Mother and father split (6) 12 Engaged, that’s the outcome about me and that girl (8) 13
      312 words

  • Page 26 Advertisements
    • 76 26 PREM UM DEALS AT COM EX Alien ware FitBit M/.i* MacBook Pro Lenovo T Samsung Smartphone Sennheiser r* t. Surface Pro 3 TomTom ,4 jz: m r Kk. hi n I# 9 see them at http://on.fb.me/1 N6n9v1 f crSgimLf mm i a* 1 v comex2oi5 3-6 SEP SUNTEC S NGAPORE
      76 words