The Business Times, 9 September 2015

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Microfilm: NL33613
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    35 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 $h A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg I3 I D @BTBreakingnews CO REGN NO *****2868E MCI (P) O39/08/2015 Wednesday, September 9,2015
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Tuesday Change STI 2,885.32 +32.91 KL COMP 1,587.12 +4.27 NIKKEI 225 17,427.08 -433.39 HANG SENG 21,259.04 +657.52 SHENZHEN B 1,060.03 +28.94 DOW (11.45am EDT) 16,364.74 +262.36
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  • Article, Illustration
    Lock icon DAILY DIGEST
    249 1 China’s foreign exchange hoard just got smaller. A US$94 billion decline in August shrank reserves of US dollars and other currencies to US$3.56 trillion and raised concerns of capital flight but a bigger risk is of a domestic squeeze.TOP STORIES 2 Hu An Cable Holdings is facing calls
    249 words
  • Article, Illustration
    Lock icon Vote for the party that will never let you down: PM Lee
    1071 1  -  He urges voters to trust in the PAP and reiterates the need to strengthen the core of younger ministers, who will take over in leading Singapore By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ON the penultimate day of campaigning,
    PHOTO: YEN MENG JIIN  -  1,071 words
  • Article
    Lock icon China’s economic health flagged as August imports sink
    659 1 imports dive 13.8% from a year ago in 10th straight monthly drop amid weak demand and prices REUTERS Shanghai CHINA’S imports tumbled in August, raising concerns about the health of the world’s second-largest economy and its contribution to global growth. The data
    REUTERS  -  659 words
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      50 1 8 "*****1 *****4 TRAILBLAZER The woman who wants to topple Abe and revive Japan OPINION/23 Cartier CLE DE CARTIER MANUFACTURE MOVEMENT 1847 MC SINGAPORE Takashimaya S.C. ION Orchard Marina Bay Sands Tel: 6732 0181 MALAYSIA Suria KLCC, Kuala Lumpur Tel: (603) 2303 5088 o xn CARTIE 1 a N 9
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      63 1 MONEY MATTERS No end to global savings glut executive money 26 JAPAN ECONOMY No monetary easing likely before 2017: Sakakibara TOP STORIES 2 Load eased for ‘sandwich’ generation: PM We can help build a more united Singapore: Workers’ Party Nee Soon PAP team points to WP’s‘flip-flops’ Credit for lift upgrading
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      12 1 SHOPHOUSE SALE Two Duxton Hill units go for S$19.6m REAL ESTATE 13
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      11 1 The real reason to worry about China’s FX reserves, Page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon BOJ unlikely to act on further easing before 2017 with inflation on track
      738 2  -  Japanese economy shrank less than expected in Q2 with boost in inventories but capex still sluggish By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan is unlikely to ease monetary policy again in 2015 or in 2016,
      BLOOMBERG FILE PHOTO  -  738 words
    • Article, Illustration
      Lock icon The real reason to worry about China’s forex reserves
      419 2  -  REUTERS BREAKINGVIEWS By Peter Thal Larsen CHINA’S giant foreign exchange hoard just got a bit smaller. A US$94 billion decline in August the biggest absolute drop on record shrank the country’s reserves of US dollars and other currencies to US$3.56 trillion.
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      83 2 The woman who wants to topple Abe and revive Japan, Page 23 Pure adrenaline. Experience freedom and exhilaration in the all-new Audi TT Roadster. J Audi TT range from $239,999 Audi Centre Singapore 281 Alexandra Road Tel: 6838 2223 audi.com.sg 9am 8pm (Mon Sat) and 10am 7pm (Sun) *Terms conditions
      83 words
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      175 3 t f mi A&»' j: f wmM K<Z kf« v «U' 4 r p *ir -S' h( j </ o O ./r S«" V > ?sn: r v .4 5 €h -V 5? *G m: e ti V'SsP. fd > t -A -rs K P ?L x-y,«fe 3 i V
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  • SINGAPORE GENERAL ELECTION
    • Article, Illustration
      Lock icon PM Lee: Vote for a govt that has its politics right
      1007 4  -  The politics and system have to be clean as well, he says, as he takes aim at opposition’s promises By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE key to Singapore staying united is for the country to get its politics
      PHOTO: YEN MENG JIIN  -  1,007 words
    • Article
      Lock icon Load eased for ‘sandwich’ generation, low-income groups: PM
      610 4  -  He lists the various policies that have helped different segments of the people By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore PRIME Minister Lee Hsien Loong on Tuesday said the policies put in place in the last few years have lightened the load on
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    • Article
      Lock icon PAP candidates lay out economic progress, challenges
      722 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore PEOPLE’S Action Party (PAP) candidates on Tuesday urged voters to see the importance in managing Singapore’s economy, the challenges of an open economy and the progress that has been made in securing better jobs for Singaporeans. This
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    • Article, Illustration
      Lock icon WP says it can help build a more united Singapore
      544 5  -  The party, calling for more opposition voices, covers wide range of topics at its rally, from living costs to the govt’s need to ease up on its push for economic growth By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore AT the
      PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  544 words
    • Article
      Lock icon AHPETC says it awaits evidence on ‘surplus’
      475 5  -  It says claim of Punggol East council surplus misleading, insists it was in deficit at time of handover By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Aljunied-Hougang-Punggol East Town Council on Tuesday claimed it has not received “any clarification” over an alleged deficit position
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    • Article, Illustration
      Lock icon Nee Soon PAP team points to WP’s ‘flip-flops’ on issues
      527 6  -  Shanmugam: For WP’s Gurmit Singh, being a candidate more important than the party’s principles By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE People’s Action Party candidates for Nee Soon GRC on Tuesday night questioned the quality of Workers’ Party candidates being
      PHOTO: KEVIN LIM/ THE STRAITS TIMES  -  527 words
    • Article, Illustration
      Lock icon Credit for lift upgrading in Potong Pasir should go to Chiam See Tong, says his wife
      596 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FORMER Potong Pasir Member of Parliament Chiam See Tong was the one who spearheaded the lift upgrading programme in the ward. So the credit should go to him
      PHOTO: NEO XIAOBIN / THE STRAITS TIMES  -  596 words
    • Article
      Lock icon Rally watch
      249 6 TIME RALLY SITE CONSTITUENCY PARTY 7-10 pm Field in front of Blk 4 Jalan Besar GRC People’s Boon Keng Road Action Party 7-10 pm Delta Hockey Pitch, Radin Mas SMC Reform Party 900 Tiong Bahru Road 7-10 pm Field in front of Blk 204 Holland-Singapore Clementi Avenue 6
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    • Article, Illustration
      Lock icon Govt listening, open to changing its policies: PAP’s Lim Biow Chuan
      600 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore PEOPLE’S Action Party (PAP) incumbent Lim Biow Chuan, who is battling for the Mountbatten single member constituency (SMC), said the government is listening and is open to changing policies, especially when it
      PHOTO: DESMOND WEE/ THE STRAITS TIMES  -  600 words
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      130 4 o Wine, Dine Hospitality H r, \> Autumn Matsutake Indulgence Now till 15 October 2015 The Matsutake season is back again and Executive Chef Moon Kyung Soo serves up exquisitely prepared dishes with these highly prized Japanese mushrooms. Be treated to flavourful creations like the Matsutake Takikomi Gohan with Fresh
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      30 5 4Want access to BBQpits? 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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      323 5 a s Ya m T is r A r r At Aviva Investors, we believe it's time to think differently. That's why our entire organisation is united behind one common goal -to deliver the specific outcomes that matter most to today's investor. By harnessing the exceptional breadth and depth of
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon YuuZoo hopes to score big with Swedish tie-up
      449 7  -  Distribution and marketing rights for mobile games developed for world’s top football clubs By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore BARELY three weeks since YuuZoo Corp armed itself with a data base of 31 million mobile gamers largely across China, the Singapore-listed social
      BT FILE PHOTO  -  449 words
    • Article
      Lock icon Startup lalamove raises US$10m in new funding
      377 7  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore YET another on-demand transport service provider has raised money. On Tuesday, lalamove known as EasyVan in Hong Kong, where the startup is based said it has bagged US$10 million in a bridge round led by MindWorks Ventures,
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    • Article
      Lock icon China to cut dividend taxes for long-term shareholders
      557 7 REUTERS Hong Kong CHINA said on Monday it would remove personal income tax on dividends for shareholders who hold stocks for more than a year, in a move aimed at encouraging longer-term investment in equities as opposed to short-term speculation. The government
      REUTERS  -  557 words
    • Article
      Lock icon Hu An Cable asked to sell China units
      394 8  -  Proposed disposal comes as company says two-thirds of 706m yuan order in a key segment has been delayed By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore HU AN Cable Holdings is facing calls by a local government in China to sell its subsidiaries even
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    • Article
      Lock icon Glencore investors push CEO to adopt new debt reduction strategy
      550 8 BLOOMBERG London AFTER a breakfast meeting with a small group of hedge funds in New York last week, Glencore Plc chief executive officer Ivan Glasenberg concluded that investors could no longer stomach his famously bullish outlook. The meeting capped two
      BLOOMBERG  -  550 words
    • CORPORATE DIGEST
      • Article
        Lock icon Challenger Technologies
        92 8 CHALLENGER Technologies has set up a venture arm with S$1 million of paid-up capital to invest in digital platforms, the electronics retailer announced on Tuesday after the market closed. Challenge Ventures’ purpose will be to invest in businesses that can support and complement the company’s business operations, the
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      • Article
        Lock icon HG Metal
        102 8 HG Metal is suing customer Gayathri Steels for what the steel distributor alleges is S$1.81 million of non-payment for goods sold and interest, the company announced on Tuesday. Gayathri has filed a defence, asserting that HG Metal's claim is premature and that HG Metal is not entitled to
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      • Article
        Lock icon CEFC International
        85 8 CEFC International has won an overseas procurement and supply contract from CEFC Shanghai International Group, the Singapore-listed oil and gas trading company announced on Tuesday. The contract is for one year but will automatically be renewed for subsequent one-year periods unless mutually terminated by parties. As part of
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    • Article
      Lock icon Li Ka-shing paying US$11.6b to merge utilities firms
      277 8 AFP Hong Kong HONG KONG billionaire Li Ka-shing announced on Tuesday that he will pay US$ 11.6 billion to merge his utilities firms in a bid to improve his vast business empire’s position for future expansion. The 87-year-old’s latest move is the
      AFP  -  277 words
    • Article, Illustration
      Lock icon ‘Plus’ factor at work in TranZplus Engineering
      963 9  -  Behind every good product is a motivated work team, says Nelson Lim, chief executive of the provider of total solutions for mechanical power transmission By Sheena Tan btnews@sph.com.sg Singapore FROM starting a company to meet the needs of a family of four, TranZplus
      PHOTO: SHAWN TEO  -  963 words
    • Article, Illustration
      Lock icon Market rebounds, led by bank stocks
      689 10  -  STI rise, which could be due to short-covering, comes amid jump in Dow futures and China, HK gains STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A2 5 0-point jump in the Dow futures contract and sizeable gains in China and Hong Kong stocks on Tuesday
      Source: Bloomberg  -  689 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 216 unch 222/213 271 213 6.8 5465.6 CapitaLand 280 +7 281/267 379 267 10.3 3.2 *****.7 CapitaMall Trust 188 -0.5 190/186.5 228 184.5 5.8 6524.4 CityDev 840 +15 842/822 1095 822 10.1
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    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Ezra 89,968,900 Yuuzoo 76,079,300 IHC 49,157,300 Noble 39,716,700 MDR 35,299,900 Market volume 1,404,180,000 VALUE DBS Grp 123,980,154 Singtel 120,379,089 Global Logistic 67,888,264 OCBC Bank 63,738,119 Wilmar Intl 55,597,874 Market value 1,067,783,000
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    • Article
      Lock icon SGX ETFs
      112 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US664 +9 870 664/648 1000/648 660/664 83 STI ETF 294 +3 629 295/289 355/287 294/295 Lyxor World US$ US160.9 -1.3 56 160.9/160.8 183.5/159 145/-16.1 CIMB APAC Div US$ US79.4 -0.5 50 79.7/79.4
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Sep 8 VALUE CLOSE BT OB/OS 64.00 -74.00 BT CADI -*****.00 +91.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 664.08 +7.97 FTSE ST Small Cap 398.72 +3.53 FTSE ST All Share 691.65 +7.85 FTSE ST China Top 165.73 +3.02 FTSE ST China 200.43 +2.38 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share ftse ST All-Share index Sept 8, 2015 691.65 +7.85 (+1.15%) Current streak 1 day Day high 692.76 Day low 679.35 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24, 2015)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Sept 7,2015 1,679.57 +8.45 (+0.51%) Current streak 1 day Day high 1,686.55 Day low 1,667.13 52-week high 1,949.49 (May 15, 2015) 52-week low 1,671.12 (sept 4, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 0 0 0 7 3 4 Manufacturing 48 29 20 5 8 11 53 37 31 Commerce 22 18 13 8 1 3 30 19 16 Tpt/Stor/Comms 19 10 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,362 18,362 69,933 69,933 Manufacturing 203,196 47,377 250,573 110,112 2,184 112,296 Commerce 72,705 27,349 100,054 56,605 1,273 57,878 Tpt/Stor/Comms 175,536 4,159 179,695 185,880 334 186,214 Finance 31,783 3 31,786 257,264 1 257,264 Construction 11,287 2,202
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low DBXT China50 US$ 2883 158.0 4.0 4258/2750 DBXT MSKorea US$ 4701 86.8 1.3 6441/4478 DBXT MSCHINA US$ 1203 69.8 4.2 1750/1151 Jardine C&C 2957 65.0 2.2 4314.5/2670 DBXT DBCDJUBS US$ 1970 52.7 1.9 2794/1932 BY PERCENTAGE CLOSE UP 52w high/low LH 0.3 50.0
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 6390 -738.8 -7.5 9462/6250 Lyxor ThaiSET US$ ***** -296.1 -1.9 *****/***** SPDR S&P500 US$ ***** -160.9 -0.6 *****/***** DBXT S&P Short US$ 2270 -38.4 -1.2 2497/2104 GLD US$ ***** -21.4 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low CB*****MBeCW15 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 10 Vt* u i VtoWJWii XUMH ium a at ■mi U;±, Inti *9 oi:o ‘0(00 ■ms is«i carta) 7Q31J0 llftV, -ami <20.00 ueIxhi BJo-C/iefn iJPii 00*. •O.Qtb 2000 Yamaclafireeii Res 4&£2 0(W_ 40,01s 1S.2V cap'll Si Cliffl 4ft mo -2222 ViOpIfJS ll»l .’ai.j 11.071 .0,0114 *V,73 WSHIrlgr, toon 0113
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    • Article
      Lock icon BROKERS’ TAKE
      527 10  -  Compiled by Kenneth Lim DBS Group Holdings Buy Sept 8 close: S$17.70 Target price: S$23.60 HSBC Research, Sept 8 DBS has fallen 18 per cent from its S$21.43 peak on July 21. The selldown was more pronounced after its Q2 FY15 results on July 27 and the renminbi
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    • Article
      Lock icon CALENDAR
      24 10 DATA I 4pm (Sept 9) Singapore COE Bidding Results I 8pm (Sept 9) US MBA Mortgage Applications I 9.30am (Sept 9) China CPI
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    • Article
      Lock icon Euro, yen fall as risk appetite recovers
      378 11 CURRENCIES London THE euro and yen fell across the board on Tuesday as stronger-than-expected German data and rising European stock prices prompted investors to wind back some of the risk aversion that has recently dominated currency markets. German exports and imports hit record
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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        Lock icon INTERBANK CROSS RATES
        471 11 Sep 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.927 4.442 0.624 5.409 46.452 99.667 0.839 8.354 3.030 1.109 72.779 32.755 0.994 9.684 0.681 22.799 25.252 0.455 0.698 Canada 1.079 4.793
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Sep 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9933 0.9944 0.6978 0.6981 Canadian dollar 1.0718 1.0729 0.7532 0.7530 Euro 1.5913 1.5927 1.1179 1.1181 NZ dollar 0.8954 0.8969 0.6290 0.6296 Sterling pound 2.1841 2.1859 1.5343 1.5345
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Sep 8 S$ Bid Offer 1-month 1.4256 1.4269 2-months 1.4275 1.4290 3-months 1.4290 1.4305 6-months 1.4325 1.4345 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        198 11 Most active Sep 8 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****6 15.3 2.8 ***** 0.0 --5 DBS MB eCW*****1 16.4 1.5 ***** 0.1 1860 5 KepCorp MB eCW*****1 9.3 0.9 9794 0.2 780 5 FTSEChinaA50
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Sep 7 Index Change Change Change Change Change Change World Preliminary 1219.1 0.1 -4.4 0.6 0.8 0.2 -6.5 EAFE Preliminary 975.3 0.3 -1.2 0.9 2.0 0.5 -5.4 Europe Preliminary 1372.6 0.5 -0.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 11 Sep 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9137.50 9715.00 9110.00 9675.00 *****7 *****6 Oct15 8977.50 9485.00 8942.50 9450.00 ***** 2948 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****9 *****8 Dec15 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 11 Sep 8 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 INTERBANK RATES
        154 11 Sep 8 $S Offer Bid 0vernight 0.05 0.01 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.05 US$ 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 GOVERNMENT SECURITIES
        71 11 Sep 8 Sep 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.96 102.04 101.98 5-Year N*****0S 2.000 01-Jul-20 98.82 98.90 98.75 10-Year NX*****Z 2.375 01-Jun-25 95.76 95.85 95.41 15-Year NZ*****F 2.875 01-Sep-30 96.63 96.40 96.25 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 11 Sep-7 Price Net change change Last Trade Agricultural Sep-4 CBOT Soybeans (US cents/bu) 877.25 -2.50 -0.28% 14/09/2015 CBOT Soybean Oil (US cents/lb) 26.44 -0.32 -1.20% 14/09/2015 CBOT Wheat (US cents/bu) 457.75 1.25 0.27% 14/09/2015 Sep-7 LIFFE Cocoa (£/tonne) 2147.00 14.00 0.66% 15/09/2015 LIFFE Coffee (US$/tonne) 1575.00 -14.00 -0.88%
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      • Article
        Lock icon PALM OIL
        60 11 Sep 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 1960.0 1994.0 1991.0 1960.0 313 2205 Oct 15 2007.0 2039.0 2046.0 2003.0 1846 ***** Nov 15 2063.0 2092.0 2100.0 2046.0 ***** ***** Dec 15 2113.0 2146.0
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    • Article
      Lock icon SGX MAINBOARD
      1928 12 Transaction date: Sep 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last 35.2 15.2 A-Sonic Aero Vol AAT Day Div GrYld Net MCap High 153 131.5 AIMSAMP Cap Reit 134 -1 700 135.5 134 1 8.3 849.8
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    • Article
      Lock icon SGX CATALIST
      396 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 16 4.1 t Abundance Intl (’000) High Day 2.1 0.6 t Albedo Div 36 6.1 t Alliance Mineral GrYld 1 0.2 t Annica P/E 10.1 4.3 t Artivision
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    • Article
      Lock icon SGX ETF
      151 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 112 CIMB APAC Div S$D 115.4 +1.4 0 115.4 115.4 110.1 79.4 CIMB APAC Div US$ US79.4 -0.5 50 79.7 79.4 8.3 1440 1088 CIMBASEAN40 S$D 1105 -16 0
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      183 7 ESSEC-MANNHEIM EXECUTIVE MBA ASIA-PACIFIC SHAPE YOUR CAREER, EMPOWER YOUR FUTURE r Iti. E: I < /V\ li 'I'll 1 1 i The ESSEC-Mannheim Executive MBA Asia-Pacific program has been designed to address the ever-changing demands on senior management operating in Asia. The curriculum leverages on ESSEC’s 20 years of experience
      183 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      166 7 Your address could be here: Level 24 CapitaGreen Level 24, CapitaGreen 138 Market Street World’s finest Serviced Offices Fully furnished prestigious offices Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across the globe per month
      166 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      142 9 4 N k t i v Experience the best of city living at Pan Pacific Serviced Suites Bangkok, where our attentive round-the-clock personal assistants will help ease you into the rhythm of daily life and ensure your stay is effortless. Savour the restful calm of your spacious suite, where a
      142 words
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      Lock icon Page 9 Advertisements Column 2
      79 9 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 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      78 12 SGX== SGX StockFacts Access stock fundamentals of all SGX-listed companies to generate ideas that suit your investment appetite. Plug into sgx.com/stockfacts now. Singapore Exchange i This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Stanley Quek buys shophouses in Duxton Hill for S$19.6m
      479 13  -  Price translates to about S$2,200 psf on a floor area of slightly below 9,000 sq ft By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A CONSORTIUM led by property investor Stanley Quek has picked up a couple of adjacent shophouses in Duxton Hill
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      Lock icon Toronto mall shops for crowdfunding investors
      291 13 BLOOMBERG Toronto A SHOPPING mall in northern Toronto is set to be among the first Canadian real estate projects to be financed partly through crowdfunding. NexusCrowd Inc is opening its online platform Wednesday to accredited investors who want to contribute a minimum of C$10,000
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      Lock icon RCR top performer in resale prices of condos
      645 14  -  Prices in Rest of Central Region climb 1.8% in August over July; islandwide, they inch up 0.2%: SRX flash estimate By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RESALE prices of non-landed private homes in Singapore inched up 0.2 per cent in August over
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      Lock icon Latest smart construction technologies at BuildTech Asia
      458 14 Singapore MORE than 150 brands are expected to fill the halls at the upcoming BuildTech Asia, an annual building and construction exhibition that will be held on Oct 13-15. Organised by Sphere Exhibits Pte Ltd and hosted by the Building Construction Authority (BCA),
      458 words
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      Lock icon Shandong to buy unsold homes amid property downturn
      262 14 BLOOMBERG Beijing CHINA’S government this year has bought up stocks to stem an equities rout, orchestrated a debt swap for local government to switch loans into bonds, and spent reserves to support the yuan. Now, a provincial government is stepping in to
      BLOOMBERG  -  262 words
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      130 13 Hong Fok Group 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/
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      290 14 World Amateur Golfers Championship SINGAPORE Join the national golf tour that allows you to compete with peers ENTRY FEE Qualifiers $568 Direct entry to Final $1,288 *Special packages available for corporate flights. SINGAPORE QUALIFIERS 25 September 2015 28 September 2015 2 October 2015 Selling Fast SINGAPORE FINAL 14 October 2015
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      1624 15 ADVERTORIAL Serving the Singapore public SIM Global Education produces graduates to serve in government, public agencies and the community RENOWNED for its efficiency, transparency and integrity, Singapore’s public sector has been the backbone of the nation’s success. Responsible for formulating and implementing national policies, the Government is the largest employer
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  • BANKING & FINANCE
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      Lock icon Yen is ‘deeply undervalued’, says Morgan Stanley
      944 16 The Japanese currency is on course to avoid a record fourth straight annual loss BLOOMBERG Tokyo AN unlikely event is developing as the US Federal Reserve moves closer to its first interest-rate increase in almost a decade: Yen bulls have re-emerged. Japan’s currency
      BLOOMBERG; PHOTO: BLOOMBERG  -  944 words
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      Lock icon Emerging-market bets turn sour for top UK, Spanish banks
      788 16 BLOOMBERG Madrid EUROPEAN banks that staked their growth on emerging markets face a worsening profit outlook as turmoil roils economies from Asia to South America. Standard Chartered plc’s Bill Winters, who took over as chief executive officer in June, may see
      BLOOMBERG  -  788 words
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      Lock icon Japan falls behind even Nigeria in use of mobile phones for banking
      884 16 BLOOMBERG Tokyo FOR bank analyst Mac Salman, the Bank of Tokyo-Mitsubishi flagship branch in Tokyo is so majestic that he brings friends and family there when they visit Japan. First, there’s the brightly lit panelled ceiling, the plush
      BLOOMBERG  -  884 words
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      109 16 SS550 Health Cancer Screening Lipid Profile Diabetes Profile Liver Profile Bone/Joint Profile Kidney Profile Inflammatory Markers Cardiac Markers Iron Studies Hepatitis Profile STD Screen Thyroid Function Full Blood Count Tumour Markers Urine Analysis Electrocardiogram Chest X-Ray Ultrasound Thyroid Ultrasound Abdomen Ultrasound Prostate/Pelvis Consultation Add on for Females: Mammogram Ultrasound Breast
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      13 16 WWW omy.sg S iiiii '-r<? I project.omy.sg/my-story sajs JR 3 l9r ShSrtt sr*
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  • ENERGY & COMMODITIES
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      Lock icon Rio Tinto upbeat about China’s copper demand
      675 17 It says improvement in China property market points to better prospects for the sector BLOOMBERG Singapore RIO Tinto Group isn’t just bullish about China’s steel demand, it’s also upbeat about copper use in the world’s biggest consumer. Signs of improvement in China’s property
      BLOOMBERG; PHOTO: BLOOMBERG  -  675 words
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      Lock icon Despite recession, Russian drillers are the world’s best performers
      616 17 BLOOMBERG London AT a time when the collapse in crude prices pushes Russia’s economy into a recession, the nation’s oil producers are managing to beat their Western counterparts. On measures including cash flow, profit margins and share prices, OAO Rosneft, Lukoil
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      Lock icon Melting ice not opening Arctic region to oil bonanza
      1033 17 NYT Teriberka, Russia THE warming Arctic should already have transformed this impoverished fishing village on the coast of the Barents Sea. The Kremlin spent billions in the last decade in hopes of turning it into a northern hub of its global
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      Lock icon JP Morgan quits open outcry platform on LME
      287 17 REUTERS London US bank JP Morgan is quitting open outcry trading on the London Metal Exchange after cutting back on its commodity business, a move that also shows the increasing importance of electronic dealing in metals. The change, announced by the exchange
      REUTERS  -  287 words
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      762 17 NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 ARCELOR RESOURCES LIMITED (Company Number: *****32) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business CompaniesAct 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is 31
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  • TECHNOLOGY
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      Lock icon Bubble may be looming in mobile startup market
      717 18 Companies that would have received US$8m to US$10m in investments a few years ago are now getting as much as US$50m BLOOMBERG Portland THE number of mobile Internet startups with valuations crossing US$1 billion has jumped by a third in just eight
      BLOOMBERG  -  717 words
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      Lock icon Apple, tech firms tangle with US govt over data access
      1213 18 NYT Washington IN AN investigation involving guns and drugs, the Justice Department has obtained a court order demanding that Apple turn over, in real time, text messages between suspects using iPhones. Apple’s response: Its iMessage system was encrypted and the
      NYT; PHOTO: AFP  -  1,213 words
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      Lock icon Taiwan eases curbs on firms setting up chip foundries in China
      323 18 REUTERS Taipei TAIWAN has relaxed curbs on its companies setting up semiconductor manufacturing plants in China, in a bid to enable them to compete better for mainland clients. The island’s economics ministry said it will allow a maximum of
      REUTERS  -  323 words
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      184 18 Will recent devaluation of China RMB continue to affect the stock market? What are the potential opportunities in stocks from a Fundamental Perspective? Attend and learn how to position yourselves as traders or investors in the current global stock markets. Course Highlights Course Details Date: 26th 27th Sept 2015 (Sat
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      64 18 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM' SINGAPORE STORIES THEN NOW TOMORROW THE STRAITS TIMES ms CELEBRATING 170 YEARS Sli m I SINGAPORE STORIES Experience Singapore’s beginnings, struggles and triumphs through the lens of The Straits Times. Catch the Singapore STories exhibition now on at the ArtScience Museum till
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      25 18 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • GOVERNMENT & ECONOMY
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      Lock icon ECB calls for common EU approach on debt write-offs
      635 19 The EU law sets out how creditors such as senior bondholders of a bank should take a hit to shore up the bank and thus shield taxpayers; ECB will not be bound by any national rule REUTERS Frankfurt THE European Central
      REUTERS  -  635 words
    • Article
      Lock icon Thailand unveils 206b baht package to help SMEs
      384 19 REUTERS Bangkok THAILAND’S military government on Tuesday approved a new round of economic measures worth 206 billion baht (S$8.1 billion) to help small and medium-sized businesses (SMEs), as the ruling junta seeks to revive flagging economic growth. The military seized power in
      REUTERS  -  384 words
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      Lock icon More upbeat data from eurozone as Q2 growth revised up
      498 19 AFP Brussels THE 19-nation eurozone grew by 0.4 per cent in the second quarter, official data showed on Tuesday, revising upward a first estimate that triggered worry the crisis in Greece had destabilised growth in Europe. Last month, the European
      AFP; PHOTO: REUTERS  -  498 words
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      Lock icon India’s Modi seeks to capitalise on China’s market woes
      376 19 AFP New Delhi PRIME Minister Narendra Modi held talks on Tuesday with economists and business leaders, seeking ways to protect India from volatility in global markets and capitalise on China’s woes. Mr Modi reportedly urged business leaders including Reliance Industries owner
      AFP; PHOTO: AFP  -  376 words
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      Lock icon OECD leading indicator shows China economy weakening even more
      315 19 REUTERS Paris CHINA’S economy is losing steam and other big emerging market economies such as Brazil and Russia are also showing signs of weakness, the Par-is-based Organisation for Economic Co-operation and Development (OECD) said on Tuesday. While growth in the eurozone
      REUTERS; PHOTO: AFP  -  315 words
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      103 21 Experienced Sh/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via sthjimaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry,
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  • OPINION
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      Lock icon Worst may not be over yet for regional currencies and markets
      596 22 EDITORIAL EVER since China’s economic slowdown came into sharper focus and particularly since the People’s Bank of China changed its exchange rate regime on Aug 11, Asia’s financial markets and currencies have taken a hit. Contagion of this sort
      596 words
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      Lock icon China’s war victory claim aimed at rewriting history
      835 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WHILE China’s dazzling military parade last week can be understood on several levels, the underlying purpose of the entire show, in
      835 words
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      Lock icon The link between CEO compensation and CSR
      1091 22  -  A distinction needs to be made between normal and abnormal levels of investment in CSR, and this has to be viewed in the context of good corporate governance. BY LEE KIN WAI governance.BY LEE KIN WAI T The writer is an associate professor
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      Lock icon CFO-CIO collaboration is vital
      1024 23  -  COMMENTARY By Sunny Chu T The writer is partner and Asia-Pacific leader for analytics at EY in Singapore. This article reflects the views of only the writer. IN TODAY’S digital economy, the financial well-being of any organisation is dependent on the level of collaboration and teamwork
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      Lock icon The woman who wants to topple Abe and revive Japan
      960 23  -  By William Pesek T LATEST: Ms Noda withdrew her bid to challenge Mr Abe for the Liberal Democratic Party presidency on Tuesday after she failed to get enough support from LDP Diet members. ANYONE wondering why Japan is skirting yet
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      Lock icon Will the US job report affect the Fed’s rates decision?
      1159 23  -  That the job market has created an average of 199,000 jobs every month for the past five years is playing into the hands of hawks who believe that interest rates should be raised. By Leon Hadar NEXT week, the US
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  • LIFE & CULTURE
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      Lock icon From one taboo to another
      1308 24 Erica Jong’s Fear of Dy ing is being billed as the spiritual sequel to Fear of Fly ing with its depiction of sex between older adults NYT New York TWO words have vexed Erica Jong for the last 42 years. The first is “zipless”, and
      NYT; PHOTO: NYT  -  1,308 words
    • Article
      Lock icon ‘Atari’s tomb’ proves a treasure trove in New Mexico
      654 24 WP Washington JASON Baldwin remembers playing E.T. the Extra-Terrestrial on his Atari console when he was growing up in Alamogordo, New Mexico: It was awful. Not an hour after he started playing, he gave up on it. Years later, he heard
      WP  -  654 words
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      Lock icon Pope Francis to release new marriage annulment process for Catholics
      408 24 WP Washington POPE Francis is to release a plan to reform the Catholic Church’s procedure for marriage annulments, a Vatican spokesman said on Tuesday. The move comes ahead of a highly anticipated meeting the pope has organised in Rome in
      WP; PHOTO: AFP  -  408 words
  • Page 24 Miscellaneous
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      299 24 CRYPTIC CROSSWORD Across 4 I boast highbrow subject introduced by appropriate presenter(8) 8 Bishop’s joint a job for chiropodist (6) 9 A bird’s exciting times out (8) 10 What riders wear jumping Becher’s, consuming energy (8) 11 Conductor’s upset (6) 12 Cancel my orders for plant (8) 13 Record of
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  • EXECUTIVE MONEY
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      Lock icon More stock sells than buys by funds
      468 25 ON THE RADAR GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to Sept 2. Based on transactions in the top five stocks, there were S$ 1.05 billion worth of net sells, compared to net buys
      468 words
    • Article
      Lock icon Choppy August tested hedge funds, and many stumbled
      903 25 Longer term, such funds have underperformed benchmarks over five- and 10-year periods NYT A SURGE in volatility. Plunging global stock markets. A surprise Chinese currency devaluation. That was August, among the more eventful months for world markets since the collapse of Lehman
      NYT  -  903 words
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      Lock icon Opportunities emerging in China after stock market decline
      1008 25  -  Investors weighing new reality and re-pricing country’s risk. FUND MANAGER’S TAKE BY ASHISH GOYAL T The writer is head of Emerging Markets Equity, NN Investment Partners (Singapore) CHINESE growth over the last two decades has largely been driven by government directed and
      PHOTO: AFP  -  1,008 words
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      Lock icon A long history of client-focused solutions
      500 25 NN Investment Partners is the asset manager of NN Group NV, a publicly traded corporation head-quartered in The Hague, The Netherlands. NN Investment Partners manages approximately 184 billion euros (US$206 billion) in assets as at end June 2015 for institutions and individual investors worldwide.
      500 words
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      Lock icon No end to global savings glut
      1288 26  -  It depresses real rate of interest and may limit the extent to which interest rates can rise MONEY MATTERS By Joachim Fels T The writer is managing director and global economic adviser, pimco READERS’ reactions to the “three gluts” framework I discussed in a
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      127 26 Until 30 September 2015, enjoy a special $288* account opening promotion. Take the next step in trading at IG.com/sg/SG50 or call us at +65 *****118. Losses can exceed your deposits. Ensure you understand the risks and costs involved with CFD and FX trading by reading the Risk Disclosure Statement at
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