The Business Times, 10 September 2015

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Total Pages: 28
1 28 The Business Times
  • 35 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg U D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Thursday. September 10. 2015
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  • 27 1 MARKETS Wednesday Change STI 2,928.18 +42.86 KL COMP 1,603.36 +16.24 NIKKEI 225 18,770.51 +1,343.43 HANG SENG 22,131.31 +872.27 SHENZHEN B 1,083.78 +23.75 DOW (11:45am EDT)16,482.03 -10.65
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  • Article, Illustration
    248 1 Pavilion Energy plans to start providing small-scale LNG solutions in South-east Asia, and has already started discussions with several partners.TOP STORIES 2 Condo and apartment rents dipped 0.4 per cent in August, after falling 0.3 per cent in July, according to SRX Property. TOP STORIES 8 Offshore vessel
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  • 1059 1  -  in their campaign, PAP candidates have pushed the point that the party has addressed hot-button issues in the last term and even before that By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THROUGHOUT the nine-day election campaign, the big wigs from the
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  • 1007 1  -  It is fielding 28 candidates; close contest expected for East Coast GRC By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Workers’ Party (WP) campaign in the General Election reflected its current position as the de facto leader of the Opposition in Singapore, as well
    PHOTO: ONG WEE JIN / THE STRAITS TIMES  -  1,007 words
  • Page 1 Advertisements
    • 76 1 8 "*****1 *****4 OFFICE TOWER 83% committed occupancy at CapitaGreen REAL ESTATE 15 SME SECTOR Business outlook falls to 3-year low top stories 2 CHINA ECONOMY Premier Li downplays slowdown TOP STORIES 2 REITS Selldown may be a pointer to buy: analysts COMPANIES MARKETS 9 B V LG A R
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    • 8 1 MORE ELECTION REPORTS ON PAGES 4 AND 6
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  • TOP STORIES
    • 786 2  -  All sectors see a decline in both turnover and profitability in the final quarter of 2015 By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore DECLINING sentiments among Singapore small and medium-sized enterprises have dragged the SBF-DP SME Index reading to a three-year low
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    • 700 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PAVILION Energy plans to start providing small-scale liquefied natural gas (LNG) solutions in South-east Asia, and has already started discussions with several partners in markets such as Indonesia and the Philippines. Its chief executive
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    • 838 2  -  He is unfazed by short-term volatility, says can achieve mid to high-speed growth By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S economy is operating within a reasonable range, said its Prime Minister Li Keqiang, in a bid to reassure global investors gathered
      PHOTO: REUTERS  -  838 words
    • 415 2  -  Customers awaiting big drop but it won’t happen soon: distributor By Samuel Ee samuelee@sph.com.sg Singapore CERTIFICATE of entitlement (COE) prices for passenger cars were flat in Wednesday’s bidding exercise the first for September as buyers stayed away, partly because of the
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    • 690 8  -  Analysts say rental decline was worsened by rise in private home completions; SRX data shows HDB rents down 0.6% By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE month of August saw weaker private leasing and fewer rental transactions. Private condominium and apartment
      Source: SRX Property; FILE PHOTO  -  690 words
  • Page 2 Advertisements


  • SINGAPORE GENERAL ELECTION
    • 797 4  -  He says he has to address claims by the opposition in the past week that the govt was ‘squirrelling away’ money in the reserves By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE Singapore government is not “squirrelling away” savings into the reserves
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    • 768 4  -  PAP is proud of its track record of working with Singaporeans to help the nation progress, he says By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE People’s Action Party (PAP) has already presented its report card to Singaporeans, and it is
      PHOTO: ALPHONSUS CHERN / THE STRAITS TIMES  -  768 words
    • 912 4  -  He says team is highly qualified, can effectively debate in Parliament By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE Workers’ Party (WP) team in East Coast Group Representation Constituency (GRC) were the main architects behind its 2015 general election manifesto, and is
      PHOTO: KEVIN LIM / THE STRAITS TIMES  -  912 words
    • 573 6  -  SDP’s “alternative vision” includes a Singapore where Singaporeans come first when it comes to job offers By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore A SINGAPORE where Singaporeans and not foreigners come first when it comes to job
      PHOTO: THE STRAITS TIMES  -  573 words
    • 628 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore EMERITUS Senior Minister Goh Chok Tong put on the elder statesman hat on the last day of electoral campaigning on Wednesday as he reflected on the importance of choosing the next set of leaders
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    • 672 6  -  PAP incumbent says he has no intention to replace or replicate Chiam See Tong’s 27-year legacy in estate By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CONTINUITY is key in Potong Pasir, the People’s Action Party’s (PAP) incumbent at the single member constituency (SMC), Sitoh
      PHOTO: LIM SIN THAI / THE STRAITS TIMES  -  672 words
    • 574 6  -  She lays out her plans for MacPherson and vision for S’pore in her first and only rally speech in this election By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WHEN her father had to be hospitalised while she was a student in university, Tin Pei
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    • 575 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE Elections Department (ELD) has issued a reminder of the dos and don’ts on Cooling-off Day and Polling Day. Cooling-off Day falls on Thursday, the day before Polling Day. It is a day when
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  • Page 8 Advertisements
    • 262 8 Graduate Certificate In Applied Portfolio Management (g-CAPM) Programme Dates: 16 November 22 November 2015 The CAMRI Applied Portfolio Management Programme is a 7-day state-of-the-art applied portfolio management training programme at NUS Business School, Singapore, developed by academic professionals for investment professionals, and conducted at the world’s most advanced Investment Management
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    • 171 8 a*. kl 1 I ind^SIsn,ion a '"»“‘20T| I f THE BIGGEST SHOPPING EXTRAVAGANZA IS BACK Suntec Singapore Convention Exhibition Centre, Hall 403 404 24th 27th September 2015 ENTRY FREE Festival Highlights 200 Plus Stalls Celebrity Appearance Attractive Prizes Indian Food Festival Entertainment Unlimited Cultural Activities LUCKY DRAW c 4 Stand
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  • COMPANIES & MARKETS
    • 648 9  -  Company and Rawabi seeking to pre-qualify for Egypt offshore tenders within H1 2016 By Tan Hwee Hwee hweetan@sph.com.sg Singapore OFFSHORE vessel owner Vallianz Holdings is set on expanding its fleet to support its venture into Egypt and Iran together with its joint-venture partner
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    • 241 9  -  By Tan Hwee Hwee hweetan@sph.com.sg Singapore CHINA Sky Chemical Fibre, in which share trading has been suspended since November 2011, has requested trading resumption from Thursday (Sept 10). It announced the request at about 7.15pm on Wednesday. The company had earlier
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    • 721 9  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE-LISTED Reits and stapled trusts averaged negative total returns of 5.9 per cent in the year-to-date, underperforming the global benchmark’s total return of 0.7 per cent, according to data compiled by SGX StockFacts on
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    • 730 10  -  43-point jump brings the index’s two-day recovery to a total of 76 points or 2.7 per cent STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A7.7 per cent jump in Japan’s Nikkei Average after announcement of a cut in corporate tax, a 4 per cent
      Source: Bloomberg  -  730 words
    • 305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 223 +7 225/218 271 213 6.5 5642.8 CapitaLand 286 +6 287/281 379 267 10.5 3.1 *****.1 CapitaMall Trust 191 +3 192/188 228 184.5 5.7 6628.5 CityDev 845 +5 849/836 1095 822 10.2
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    • 33 10 VOLUME Ezra 76,238,800 Yuuzoo 69,196,800 IHC 52,318,600 Noble 48,548,100 Singtel 48,370,200 Market volume 1,618,275,000 VALUE Singtel 181,142,253 DBS Grp 138,597,691 UOB 83,729,972 OCBC Bank 71,381,077 Global Logistic 54,594,238 Market value 1,271,422,000
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    • 77 10 Sep 9 VALUE CLOSE BT OB/OS 278.00 +214.00 BT CADI -*****.00 +172.00 BT 10-day MA -*****.00 +27.00 FTSE ST Mid Cap 672.70 +8.62 FTSE ST Small Cap 404.67 +5.95 FTSE ST All Share 701.72 +10.07 FTSE ST China Top 169.07 +3.34 FTSE ST China 204.32 +3.89 FTSE
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    • 110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 297 +3 372 299/295 355/287 297/298 UETF SSE50China 219 +4 120 220/214 340/151 219/220 68.4 IS ASIA HYG US$ US1015 -1 72 1020/1015 1130/1007 1008/1015 DBXT MSBrazil US$ US257 -1 51 257/256 534/256 257/258
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    • 35 10 STI FTSE ST All-Share ftse ST All-Share index Sept 9,2015 701.72 +10.07 (+1.46%) Current streak 2 days Day high 702.11 Day low 693.67 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24, 2015)
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    • 34 10 STI MSCI EAFE MSCI EAFE index Sept 8, 2015 1,691.38 +11.81 (+0.70%) Current streak 2 days Day high 1,699.20 Day low 1,678.43 52-week high 1,949.49 (May 15, 2015) 52-week low 1,671.12 (sept 4, 2015)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 1 0 0 0 12 2 1 Manufacturing 63 24 19 7 11 4 70 35 23 Commerce 20 12 17 3 4 5 23 16 22 Tpt/Stor/Comms 24 4 9
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    • 115 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,653 21,653 62,100 62,100 Manufacturing 239,963 38,999 278,962 116,736 2,331 119,066 Commerce 95,288 26,090 121,378 92,254 1,198 93,451 Tpt/Stor/Comms 191,264 2,154 193,418 262,944 173 263,116 Finance 30,515 30,515 318,905 318,905 Construction 15,187 6,139 21,326 1,296
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    • 78 10 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 312.5 1.9 *****/***** DBXT E50 US$ 4770 198.0 3.0 5300/4562 DBXT MSKorea US$ 4826 176.8 2.7 6403/4478 DBXT MSEurope US$ 5577 169.7 2.2 6300/5366 DBXT iBoxxSvEu US$ ***** 161.2 0.5 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Cityneon R
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    • 69 10 BY CENTS CLOSE DOWN 52w high/low JMH USD 4800 -130.1 -1.9 6788/4620 DBXT S&P Short US$ 2227 -60.8 -1.9 2497/2104 Fuxing China 30 -25.0 -45.5 135/19 China Fibretech 90 -13.5 -13.0 255/54 HPL 368 -10.0 -2.6 436/340 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -50.0 -0.1 0.7/0.1 Fuxing
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    • 79 10 VOL CLOSE($) CHANGE Jackspeed 1,324.0 0.085 +0.005 +6.25 AnnAik 400.5 0.099 +0.019 +23.75 ISR Capital 4,538.9 0.005 -0.001 -16.67 PSL 1,428.8 0.079 +0.017 +27.42 China Bearing 26,859.9 0.032 +0.007 +28.00 Jadason 303.1 0.019 +0.004 +26.67 Natural Cool 432.0 0.139 +0.019 +15.83 Lafe 50.4 1.350 +0.200 +17.39 Rex Intl
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    • 497 10  -  Compiled by Kenneth Lim Singapore banks Morgan Stanley, Sept 9 SINGAPORE banks remain the best positioned in Asean for our base case rate environment: We see 26 to 28 per cent upside. Our preference is based on net interest margin (NIM) benefits and the risks rising US rates
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    • 10 10 DATA I 9.30pm (Sept 10) US initial jobless claims
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    • 472 11 CURRENCIES REUTERS London THE yen fell for the third straight day on Wednesday as a rally in global stock markets sapped demand for safe-haven assets, while the low-yield-ing euro also weakened as a recent unwinding of risky euro-funded carry trades took a breather.
      REUTERS  -  472 words
    • FOREX RATES
      • Article, Illustration
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      • 471 11 Sep 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.931 4.492 0.630 5.459 46.730 100.405 0.850 8.399 3.051 1.107 73.495 33.001 0.996 9.587 0.688 22.944 25.427 0.458 0.704 Canada 1.074 4.825
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      • Article, Illustration
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      • Article, Illustration
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      • 155 11 Sep 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9957 0.9969 0.7041 0.7046 Canadian dollar 1.0697 1.0703 0.7565 0.7564 Euro 1.5808 1.5816 1.1178 1.1179 NZ dollar 0.8993 0.9005 0.6359 0.6365 Sterling pound 2.1756 2.1771 1.5384 1.5388
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      • 22 11 Sep 9 S$ Bid Offer 1-month 1.4159 1.4168 2-months 1.4175 1.4186 3-months 1.4191 1.4200 6-months 1.4215 1.4227 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 199 11 Most active Sep 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****7 16.8 -0.6 ***** 0.0 --2 FTSEChinaA50 ***** MBeCW*****6 14.4 -0.9 ***** 0.0 --5 FTSEChinaA50 8000 MBePW*****7 10.1 -0.4 ***** 0.0 2 DBS MB eCW*****1
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      • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Sep 8 Index Change Change Change Change Change Change World Preliminary 1233.0 1.1 -3.4 0.6 1.4 1.2 -5.3 EAFE Preliminary 980.2 0.5 -0.7 0.1 2.0 0.7 -4.7 Europe Preliminary 1388.0 1.1 0.5
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      • 398 11 Sep 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9667.50 9812.50 9575.00 9700.00 *****4 *****9 Oct15 9430.00 9572.50 9400.00 9510.00 4364 8616 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****6 *****8 Dec15 *****.00 *****.00 *****.00 *****.00 *****2 *****4 MSCI TAIWAN
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    • BANK RATES
      • 154 11 Sep 9 $S Offer Bid 0vernight 0.08 0.03 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.20 US$ 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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      • 35 11 Source: 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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      • 69 11 Sep 9 Sep 9 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 5-Year N*****0S 2.000 01-Jul-20 98.93 99.00 98.97 10-Year NX*****Z 2.375 01-Jun-25 96.06 96.20 95.95 15-Year NZ*****F 2.875 01-Sep-30 96.9 97.30 97.25 20-Year NZ*****V 3.375 01-Sep-33 103.21
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    • AGRI METALS ENERGY
      • 193 11 Sep-8 Price Net change change Last Trade Agricultural Sep-8 CBOT Soybeans (US cents/bu) 890.75 13.50 1.54% 14/09/2015 CBOT Soybean Oil (US cents/lb) 26.85 0.41 1.55% 14/09/2015 CBOT Wheat (US cents/bu) 465.25 7.50 1.64% 14/09/2015 Sep-8 LIFFE Cocoa (£/tonne) 2153.00 6.00 0.28% 15/09/2015 LIFFE Coffee (US$/tonne) 1586.00 11.00 0.70%
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      • 57 11 Sep 9 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 2005.0 2012.0 2015.0 2005.0 105 1844 Oct 15 2035.0 2057.0 2073.0 2035.0 2043 ***** Nov 15 2086.0 2113.0 2132.0 2086.0 ***** ***** Dec 15 2141.0 2175.0
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    • 526 12  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Telecommunications’ startup innovation arm, Singtel Innov8, has teamed up with its counterparts in Orange (Orange Fab), Deutsche Telekom (hub:raum) and Telefónica (Telefónica Open Future) to join up the startup ecosystems across South-east Asia,
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    • 1101 12  -  Human resources firm has also diversified into technology and manpower training. BY RAPHAEL LIM WALKING through a supermarket in Singapore on any given weekend, one is more likely than not to encounter a wave of samples from promoters dishing out tasty new items to
      PHOTO: SHAWN TEO  -  1,101 words
    • 1084 12  -  Observers believe disruption brought about by technological advances is set to get stronger. BY MELVIN YONG T This series is brought to you by CPA Australia, in conjunction with this year’s CPA Congress on Leadership, Strategy and Business that will be held
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    • 1844 13 Transaction date: Sep 9 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit LOW Company 183 139 ARA Asset Mgmt 142 +2.5 304 142 139.5
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    • 341 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 16 4.1 t Abundance Intl ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 20 t SCnergy 20 29.5 18 t CNMC Goldmine 20 +0.5 223
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    • 154 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 108.9 79.4 CIMB APAC Div US$ US83.2 +3.8 0 83.2 83.2 8.7 1440 991 CIMBASEAN40 S$D 1114 +9 5 1114 991 1095 700 CIMBASEAN40 US$ US800 +26 5 800
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  • Page 9 Advertisements
    • 17 9 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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    • 364 9 Yamaha ©YAMAHA piano fair 12 13 Sept 2015 *****1 6pm Suntec City Convention Center. Room 324-326 V.. Pll aranoj piano U1J $5,850 I Useless cutfetwj and SOplwsUcottotv Also available C1X $25,700 UP $28,800 u ctavinovai DiBiia^DianOi i|oiM/ hw/sloat hoiia CVP-701B $3,490 CVP-705PE $6,190 UP $7,400 OK/S acousTic rioMPianoi CDfyslgfa&d to
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  • Page 12 Advertisements
    • 79 12 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 13 Advertisements
    • 80 13 SGX== SGX My Gateway Stay informed about Singapore's stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange a This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • REAL ESTATE
    • 623 14 High prices, increase in sales tax deter foreign investors; currency turmoil in emerging markets also affects sales BLOOMBERG London INVESTORS betting on making a quick profit on luxury apartments in south London’s Nine Elms district, Europe’s largest project for
      BLOOMBERG  -  623 words
    • 666 14  -  Official statement by CBRE confirms an earlier BT article By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PROPERTY veteran Dennis Yeo has been appointed by CBRE as its regional head of industrial and logistics services in Asia, a newly created
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    • 401 14 BANGKOK POST Bangkok CENTARA Hotels and Resorts aims to become an international hotel chain and make its presence felt in gateway cities and emerging markets after enjoying success as a regional hotel chain. To achieve its goal, Suparat Chirathivat, Centara's vice-president for development, said
      BANGKOK POST  -  401 words
    • 683 15  -  Developers of Grade A office tower now left with high floors in the 40-storey project, which received TOP in Dec By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CAPITAGREEN, the S$1.4 billion Grade A office tower that has been developed on the former Market Street Car Park
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    • 270 15 NYT Washington THE Blackstone Group said on Tuesday that it had agreed to acquire Strategic Hotels and Resorts, an owner and investor in high-end properties, for about US$6 billion, including debt. Strategic Hotels’ portfolio include the Four Seasons hotels and resorts in
      NYT  -  270 words
    • 609 16  -  It is paying £61.5 million for the property Cambridge City Hotel By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CDL Hospitality Trust (CDLHT) has marked its maiden entry into Europe with the acquisition of Cambridge City Hotel in the UK. It is doing so by
      609 words
    • 1353 16 Property transactions for districts 1 to 25 with contract dates between July 29 and August 4,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 31/07/2015 99 936 2180 2328 District 3 NON-LANDED
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  • Page 14 Advertisements
    • 551 14 A MAJOR NEW HOTEL DEVELOPMENT OPPORTUNITY KAIKOURA WHARF, WAKATU QUAY, KAIKOURA, NEW ZEALAND Full resource consent for an 84 room hotel Total land area of 5,000m 2 (more or less) across 3 titles Located in Kaikoura, the home of whale watching Only major consent for a new hotel in Kaikoura
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    • 156 14 Auction Sale Rare Opportunity GCB Binjai Park Luxurious Good Class Bungalow Land approx. 20,961 sq ft Sizeable Freehold land Exquisite resort-style living Prestigious Bukit Timah district Auction Date Time: 23 Sept 2015 (Wed) 2.30pm For more details or enquiries, please contact: Mok Sze SzeCEA Reg No: R*****7H 9828 0866 Jones
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  • Page 15 Advertisements
    • 460 15 a 0 km CIVIC !f|j HEART I'I B£9«E EXHIBITION 12™ 13™ SEPTEMBER 2015 (Sat Sun) 11AM-7PM Regent Hotel Boardroom II III (Level III), 1 Cascade Road, Singapore *****5 Northbridge 11 min University of Western Australia 7 min Kings Park 6 min# Wesley College 3 min# 1 1 1 1 CIVIC
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  • BANKING & FINANCE
    • 1154 17 Sums in risk-parity funds and ETFs have been so large that a wave of investor selling will start a wider market rout NYT New York ON Wall Street, a cure is proving to be as nearly as bad as the disease. Investment
      NYT; PHOTO: REUTERS  -  1,154 words
    • 361 17 BLOOMBERG New York THE leveraged loan market in the US is showing signs of revival after the weakest August for issuance since 2011. At least four companies are said to be meeting with lenders this week for loans
      BLOOMBERG  -  361 words
    • 519 17 REUTERS New York BILLIONAIRE investing icon Warren Buffett said on Tuesday there are dozens of countries in which his sprawling Berkshire Hathaway Inc conglomerate would be interested in buying new businesses. Berkshire Hathaway earlier this year agreed to acquire a German motorcycle apparel
      REUTERS  -  519 words
  • Page 17 Advertisements
    • 181 17 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 SWISS CLUB ROAD Open House Land ***** sf Beautiful elevated yet flat land Amazing view ***** sf
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    • 50 17 GOOD CLASS BUNGALOW OF APPROXIMATELY 18,000 SO FT mM IB m i A': P v: i. P. f fX 98 S r- > s Land area for rent in Bukit Timah area Modern design with high ceiling and in-ground pool Interested, please call Shawn at 9694 5349 Times Properties Pte
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  • ENERGY & COMMODITIES
    • 544 18 It needs support from both PNG and Abu Dhabi for the success of A$11.65b takeover BLOOMBERG Melbourne THE keys to what would be the biggest energy takeover in the AsiaPacific region are separated by over 10,000km and billions of dollars in gross
      BLOOMBERG  -  544 words
    • 450 18 BLOOMBERG Houston BP plc must face institutional investors’ claims for more than US$2.5 billion in market losses caused by the plunge in share prices after the 2010 Gulf of Mexico oil spill, a federal appeals court ruled. The US Court of
      BLOOMBERG  -  450 words
    • 685 18 BLOOMBERG Johannesburg SOUTH Africa’s gold mines, the deepest and among the oldest in the world, are in big trouble. The four largest producers in the country are losing money on about 35 per cent of production at current prices, according
      BLOOMBERG; PHOTO: AFP  -  685 words
    • 358 18 BLOOMBERG London THE International Energy Agency (IEA), which advises industrialised nations on energy policy, wants to coordinate with China on using oil stockpiles in the event of a crisis, its newly appointed chief said in Beijing. “China is the most important player
      BLOOMBERG  -  358 words
  • Page 18 Advertisements
    • 201 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices In The Matter of The Companies Act, Cap. 50 And In The Matter of OIL GAS SOLUTIONS PTE. LTD. (In Provisional Liquidation) (Co. Reg. No. *****1879C) NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE
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    • 234 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEGEND RISE INVESTMENTS PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****3391H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Jl. Surya Timur 3A No. 15 Jakarta
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    • 193 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GREEN KIMONO PRIVATE LIMITED (Registration No. *****7716H) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company
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  • TECHNOLOGY
  • Page 19 Advertisements
    • 1438 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF EASTCOMM PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) REGISTRATION NO. *****0169R At an Extraordinary General Meeting of the members of EASTCOMM PTE. LTD., held at 200 Jalan Sultan
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  • CONSUMER
    • 628 20 Up 67% so far, the online retailer has contributed the most to mitigating losses in the index this year due to its perceived haven status BLOOMBERG London LAST year, failing to own Apple Inc was the most painful mistake
      BLOOMBERG; PHOTO: BLOOMBERG  -  628 words
    • 463 20 REUTERS San Francisco INSTAGRAM opened its platform to most advertisers across the globe on Wednesday as the photo-sharing app seeks to make more money and compete with popular rivals such as Snapchat. Ads, previously available only in eight countries, will debut in more than
      REUTERS  -  463 words
    • 421 20 REUTERS New York COSTCO Wholesale Corp wilfully infringed Tiffany Co’s trademarks by selling counterfeit diamond engagement rings bearing the luxury retailer’s name and must face a jury trial to assess damages, a US judge ruled on Tuesday. US District Judge Laura
      REUTERS  -  421 words
    • 396 20 BLOOMBERG New York QUIKSILVER Inc, the California surfwear chain that lost 79 per cent of its market value this year, filed for bankruptcy with a plan to hand control over to lender Oaktree Capital Management LP. Under a plan announced on Wednesday, affiliates of
      BLOOMBERG  -  396 words
    • 485 20 AFP New York CHIPOTLE, the burrito chain whose rocketing growth has fast-food giants like McDonald’s reeling, is not slowing down: it plans to hire 4,000 new staff in one go on Wednesday. Built on a pitch of fresh, organic
      AFP; PHOTO: REUTERS  -  485 words
  • Page 20 Advertisements
    • 23 20 SHE IS BOLLYWOOD’S HIGHEST-PAID ACTRESS A LITTLE INDIA SECRET GET YOUR COPY TODAY TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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  • GOVERNMENT & ECONOMY
    • 621 21 Dozens of overlapping trade and industry regulations being streamlined Reuters AFP Jakarta INDONESIA’S president on Wednesday unveiled the first installment of a stimulus package aimed at luring more investment, boosting consumer spending, and supporting a currency that has weakened to 17-year lows. Investor
      Reuters; AFP; PHOTO: REUTERS  -  621 words
    • 275 21 BLOOMBERG London CENTRAL bank officials are moving ahead with new guidelines to eradicate misconduct in currency markets and aim to publish some details within eight months, in preparation for completion in 2017. Speaking in London on Wednesday, Reserve Bank
      BLOOMBERG  -  275 words
    • 294 21 REUTERS Kuala Lumpur MALAYSIAN Prime Minister Najib Razak said on Wednesday his party was united and looking to victory in the next elections, dismissing talk of a rift over a financial scandal that has brought unprecedented dissent within the long-ruling
      REUTERS  -  294 words
    • 905 22  -  1MDB slams journal’s article, saying Abu Dhabi firm continues to provide guarantees for the principal and interest of its US$3.5 billion bonds By Pauline Ng btworld@sph.com.sg Kuala Lumpur ALREADY battling allegations of impropriety over some US$700 million
      PHOTO: AFP  -  905 words
    • 618 22 REUTERS London A SLUMP in manufacturing in July and a sharp widening of the trade deficit show Britain’s economic recovery is losing some steam and may prompt the Bank of England (BOE) to stress that it is in no
      REUTERS; PHOTO: BLOOMBERG  -  618 words
    • 476 22 REUTERS New Delhi INDIA’S finance minister promised investors on Wednesday to resolve their tax concerns and reassured an increasingly sceptical business community that Asia’s third-largest economy can withstand global market turbulence and China’s slowdown. Arun Jaitley’s comments showed a marked increase in urgency
      REUTERS  -  476 words
    • 334 22 BLOOMBERG London COMPANIES in Europe have taken on more long-term debt this year than at any time this century as they seek to lock in low borrowing costs. The region’s largest businesses have sold 225 billion euros (S$355 billion) of bonds maturing
      BLOOMBERG  -  334 words
    • 633 23 Beijing seeks to soothe increasing fears about world’s second-largest economy following turmoil in markets AFP BLOOMBERG Beijing CHINA will adopt “stronger” fiscal policies to support growth, Beijing said as it seeks to soothe increasing fears about the world’s second-largest economy
      AFP; BLOOMBERG; PHOTO: REUTERS  -  633 words
    • 690 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo SHOWING all the volatility and more that has characterised recent stock market movements, Tokyo’s Nikkei 225 index soared by 7.7 per cent, or 1,343 points, on Wednesday to 18,770.51, markingits most dramatic move since the
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  • Page 21 Advertisements
    • 54 21 Celebrating the ‘P’ in Pete’s 9 10 Oct Pete’s Place, Grand Hyatt Singapore $49.30++ (HSBC cardholders) $58.00++ (Other payment modes) price includes free flow of Soft Drinks, Coffee, Tea $74.80++ (HSBC cardholders) $88.00++ (Other payment modes) price includes free flow of Peroni Beer, Prosecco, Piemonte Pete’s Place For reservations, please
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  • Page 22 Advertisements
    • 50 22 HOT PROPERTY REFLECTIONS@ KEPPEL BAY. $6.2K 3+1, 1,098 sqft. High floor, Seaview. Furnished. Avail late Sep. $5.5K UP! CARIBBEAN 3+1 3+1+Pes. Quiet. New designer reno. Unblock sea view. MRT Vivo. Immed. Reg LOOKING FOR A PLACE TO RENT? Check out these properties and more in The Straits Times Classified now!
      50 words
    • 185 22 Key Learning Points Date: 24th Oct 2015 (Sat Time: 9.00am 5.00pm (Registration starts at 8.30am) Learn Simple and Powerful Trading Strategies that you can use right away Uncover the 3 Keys to Mastering Forex Fundamentals Get Tips on Trading the USD, EUR, SGD, AUD, GBP and more! Strategies for Day
      185 words

  • Page 23 Advertisements
    • 292 23 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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  • TRANSPORT
    • 647 24 Action can proceed and is not disproportionate, rules judge at Frankfurt labour court BLOOMBERG Frankfurt DEUTSCHE Lufthansa AG’s attempt to block an escalation of this week’s pilot strike that pushed it to cancel more than 1,000 flights was dismissed by a Frankfurt
      BLOOMBERG  -  647 words
    • 755 24 AFP Berlin BERLIN’S troubled international airport project, already five years behind schedule, has been fraught by mismanagement, fraud and corruption, and a vicious streak of bad luck. But while the site has become a laughing stock for Germans, the consortium behind it has
      AFP  -  755 words
    • 669 24 AFP Las Vegas A BRITISH Airways (BA) jet caught fire on Tuesday at Las Vegas’ airport, prompting the crew to abort takeoff and evacuate terrified passengers. “There were 159 passengers and 13 crew on the flight,” McCarran International Airport in
      AFP; PHOTO: AFP  -  669 words
    • 687 24 BLOOMBERG New York EVEN before a weekly flight from Newark to South Carolina came under scrutiny from US prosecutors, United was a troubled airline. Before his departure on Tuesday, United Airlines chief executive Jeff Smisek was struggling with the
      BLOOMBERG  -  687 words
    • 821 25 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
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  • Page 24 Advertisements

  • Page 25 Advertisements
    • 175 25 PLACE YOUR AD HERE Tl IE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Spotlight Award Wins Recognition Come publicise your
      175 words

  • OPINION
    • 832 26  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington THE questions that now face China are whether it can maintain its own internal stability and contribute to the vitality of the wider global economy. Like many economic juggernauts before it Japan springs to
      THE WASHINGTON POST WRITERS GROUP  -  832 words
    • 560 26 EIGHT days of robust campaigning have led to today’s cooling off day, when Singapore voters are supposed to reflect rationally on whom they will cast their votes for to lead them into the future. EDITORIAL While an assessment of a political
      560 words
    • 1254 26  -  To address the challenges of sustainability and financial stability, focusing on how economic and business drivers are managed is key.BY JANE DIPLOCK key.BY JANE DIPLOCK T This is an excerpt of the keynote speech delivered by the writer at the 11th annual Asia Risk
      PHOTO: AFP  -  1,254 words
    • 961 27  -  COMMENTARY By Shin Jang-Sup T The writer is an economics professor at the National University of Singapore IN the not-so-olden days, we were often told that “if the US economy coughs, Asian economies catch a cold”. This is not far from common
      961 words
    • 805 27  -  COMMENTARY By Martin Tillier OILPRICE.COM AS traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that
      OILPRICE.COM  -  805 words
    • 985 27  -  Clients will require a sensible amount of transparency, compliance, as well as some form of Uber-nisation of the investment platform. BY JOSEPH CHERIAN TThe writer is director of the Centre for Asset Management Research and investments (Camri) and practice professor of finance
      PHOTO: REUTERS  -  985 words


  • LIFE & CULTURE
    • 640 28  -  A group of homegrown artists, chefs, architects and designers are set to showcase their works in Singapore: Inside Out in Manhattan Reports by Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore SEPTEMBER is a great time to visit New York. The days are sunny
      640 words
    • 439 28 TASTE AT the Singapore: Inside Out showcase in Madison Square Park, the epicentre of the activities, pastry chef Janice Wong will create an edible art installation featuring a ceiling full of lollipops, gumdrop walls and chocolate-coated poles. You’re welcome to eat her creations. Meanwhile, a Singapore Restaurant Week
      439 words
    • 1020 28 BLOOMBERG San Francisco QUEEN Elizabeth II became the longest-reigning monarch in British history on Wednesday, and while her country might have lost influence in the world, she has ruled over an unprecedented period of wealth creation. Besides the unwinding
      BLOOMBERG; PHOTO: REUTERS  -  1,020 words
  • Page 28 Miscellaneous
    • 324 28 CRYPTIC CROSSWORD 1Across 1 Policeman one in the Flying Squad? (10) 6 Quietly unwell? It could be something you’ve taken (4) 10 Meat company going short through prohibition (5) 11 Hour being struck for close acquaintance (9) 12 Urgent job for a laundress (8) 13 Mother and boy who’s in
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