The Business Times, 14 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
    33 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 Q31 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg B D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Monday, September 14,2015
    33 words
  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 2,888.03 +24.22 KL COMP 1,603.60 +14.44 NIKKEI 225 18,264.22 +472.06 HANG SENG 21,504.37 +663.76 SHENZHEN B 1,072.49 +48.08 DOW 16,433.09 +330.71
    26 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    241 1 Banks in the Asia-Pacific have taken up the mantle for lending within the region from European banks as cross-border banking activity picked up. top stories 2 US stocks had one of their biggest gains of the year last week as traders bet the on-again, off-again September Fed rate
    241 words
  • Article, Illustration
    Lock icon Market swings get more aggressive
    926 1  -  Volatility in Singapore equities has surged since China’s yuan devaluation in mid-August, bringing cheer to stockbrokers and bargain-hunters By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WILD swings have made cameo appearances from time to time in the local stock market but these days they seem to
    Source: Bloomberg, compiled by BT  -  926 words
  • Article
    Lock icon China’s August data points to continued slowdown
    562 1  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S industrial output and fixed-asset investment for August both came in below analysts’ predictions, amid rising fears that the world’s second-largest economy is heading for a harder landing than expected. Industrial output, rose 6.1 per cent in August,
    562 words
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      49 1 8 "*****1 *****4 GINZA SUSHI ICHI Relying on the 'M' word to draw customers DINING OUT 25 OYSTER PERPETUAL SUBMARINER DATE V IF i ROLEX cortinawatch CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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      20 1 BIS QUARTERLY REVIEW Growing concerns about emerging economies TOP STORIES 2 TOPLINE Derivatives driving growth at SGX companies markets 5
      20 words
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      13 1 GE 2015 PAP ready to engage more deeply with citizens TOP STORIES 3
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  • TOP STORIES
    • Article, Illustration
      Lock icon Investors’ fears over emerging economies growing
      570 2  -  Yuan devaluation jolted markets, putting pressure on Asian currencies and raising asset volatilities, while continued oil price fall affected outlook for commodity producers BIS QUARTERLY REVIEW By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore INVESTORS are becoming increasingly concerned about growing vulnerabilities in emerging market economies,
      PHOTO: REUTERS  -  570 words
    • Article, Illustration
      Lock icon Asia-Pac banks now dominant player in region’s cross-border lending
      686 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore BANKS in Asia-Pacific have taken up the mantle for lending within the region from European banks, as cross-border banking activity picked up again from the fall during the global financial crisis. And in a reversal
      Source: Monetary Authority of Singapore; author’s calculations  -  686 words
    • Article, Illustration
      Lock icon Another dizzying week ahead as the Fed ponders
      856 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, US stocks had one of their biggest gains of the year as traders bet the on-again, off-again September rate hike was off. The week continued the most volatile period on the US stock
      PHOTO: AFP  -  856 words
    • Article, Illustration
      Lock icon PAP ready to engage more deeply with citizens
      1024 3 Ruling party will not take support for granted, will continue to listen to the ground SINGAPORE GENERAL ELECTION Singapore FRESH from its strong victory at the general election on Friday, the People’s Action Party has pledged to engage even more deeply with
      PHOTOS: YEAP CT / LIANHE ZAOBAO and ONG WEE JIN / THE STRAITS TIMES  -  1,024 words
    • Article, Illustration
      Lock icon Left-wing radical elected UK Labour leader
      1277 4 His victory opens up prospect of deep splits within the party with some fearing he will repel voters with radical policies that include unilateral nuclear disarmament, wealth taxes REUTERS London JEREMY Corbyn, a veteran left-winger who professes an admiration for Karl Marx, was elected
      REUTERS; PHOTO: AFP  -  1,277 words
    • Article, Illustration
      Lock icon The Corbyn effect could keep Britain in the EU
      407 4  -  REUTERS BREAKINGVIEWS By George Hay REUTERS London THE rise of Jeremy Corbyn could help Britain stay in the European Union. That may seem counter-intuitive: the new leader of the opposition Labour party is no fan of Brussels. But Mr Corbyn may
      REUTERS  -  407 words
    • Article
      Lock icon Wall St deeply divided on what Fed should do
      569 4 BLOOMBERG New York A FEW days before the Federal Reserve’s most critical policy decision in years, Wall Street opinion makers can’t agree on anything. Not only is there no consensus about whether the Fed will end its sev-en-year-old policy of zero
      BLOOMBERG  -  569 words
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      223 words
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      141 4 Si 6b NUS National University of Singapore Designed delivered by: Institute of Systems Science School of Computing V Lead digital transformation Run a high-performing IT organisation AGILE CONFIDENT LEADERSHIP A professional Master's degree programme to prepare, develop and nurture the next generation of CIOs and IT leaders for Asia in:
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      11 4 Labour’s backing for UK remaining in EU now uncertain, Page 20
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Derivatives driving growth at SGX
      1210 5  -  In fiscal 2015, it accounted for more of total SGX operating revenue than securities. BY KENNETH LIM TTTOP LINE BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT THE steady growth of Singapore Exchange’s (SGX) derivatives business over the past two years has made it clear that futures are
      PHOTO: ARTHUR LEE  -  1,210 words
    • Article
      Lock icon Buying rebounds while there were no sales by directors
      1529 5  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Ltd BUYERS got back on track after posting a fall in their purchase activity for the first time in the past four weeks with 33 companies that recorded
      1,529 words
    • Article, Illustration
      Lock icon In the company of value creation
      898 6  -  Businesses must focus on innovation to generate greater benefits for all stakeholders. BY WILSON CHEW BY WILSON CHEW T The writer is a member of the Governing Council of the Singapore institute of Directors EVERY business has goals. Some want to be the top
      PHOTO: BLOOMBERG  -  898 words
    • Article, Illustration
      Lock icon When bargain-hunting US industrials, best to tread lightly
      695 6 Sector still pricey, weighed against growth prospects; and China effect could linger REUTERS New York SOME investors may have begun to sniff around the beaten-down US industrial sector for bargains in the wake of the stockmarket selloff of the past month, but
      REUTERS; PHOTO: BLOOMBERG  -  695 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 7 STI Catalist WEEKLY Straits Times Index Sept 10,2015 2,888.03 +24.22 (+0.85%) Current streak 1 day Week high 2,928.18 Week low 2,852.41 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,863.81 (Sept 4, 2015) FTSE ST Catalist Index Sept 10,2015 557.56 -2.78 (-0.50%) Current streak 1 day Week high 563.41 Week
      64 words
    • Article, Illustration
      Lock icon Market entering uncharted territory
      658 7  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT SO the People’s Action Party (PAP) won by a landslide popular vote of just under 70 per cent. What might this mean for the stock market? In our view, there may be a near-term bounce as traders try to capitalise
      658 words
    • Article
      Lock icon STI STOCKS
      305 7 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 220 +3 225/213 271 213 6.6 5566.9 CapitaLand 280 +5 287/267 379 267 10.3 3.2 *****.7 CapitaMall Trust 189 -0.5 192/186 228 184.5 5.7 6559.1 CityDev 835 -2 849/822 1095 822 10
      305 words
    • Article
      Lock icon MOST ACTIVE
      33 7 VOLUME Ezra 264,897,400 Yuuzoo 232,129,100 IHC 145,777,500 StratechGroup 142,579,600 Noble 139,782,600 Market volume 5,141,303,000 VALUE Singtel 451,977,432 DBS Grp 447,097,605 OCBC Bank 235,144,110 UOB 233,217,973 Global Logistic 225,877,604 Market value 3,951,940,000
      33 words
    • Article
      Lock icon SGX ETFs
      111 7 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 294 +3 1855 299/288 355/287 293/294 IS MS INDIA US$ US668 +4 1648 675/648 1000/648 665/669 83.5 DBXT MSBrazil US$ US250 -8 267 257/250 533/250 250/252 UETF SSE50China 217 +3 247 220/201 340/151 215/219
      111 words
    • Article
      Lock icon COMPANY MEETINGS
      136 7 COMPANY MEETING PLACE DATE TIME China Merchants Hldgs E Concrad Centennial S'pore North Ballroom (Lvl 2) 2 Temasek Boulevard 14-Sep 10.00am Cordlife Group Ltd E Auditorium 302 (Lvl 3) NTU@one-north Executive Centre 11 Slim Barracks Rise (off North Buona Vista Rd) 14-Sep 3.00pm Liongold Corp A (Lvl 3
      136 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 7 Sep 10 VALUE CLOSE BT OB/OS -256.00 -534.00 BT CADI -*****.00 -167.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 665.90 -6.80 FTSE ST Small Cap 400.36 -4.31 FTSE ST All Share 692.63 -9.09 FTSE ST China Top 166.21 -2.86 FTSE ST China 200.82 -3.50 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 7 STI FTSE ST All-Share WEEKLY ftse ST All-Share index Sept 10,2015 692.63 +5.68 (+0.83%) Current streak 1 day Week high 701.72 Week low 683.80 52-week high 845.85 (Apr 17, 2015) 52-week low 686.95 (Sept 4, 2015)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 7 STI MSCI EAFE WEEKLY MSCI EAFE Index Sept 11,2015 1,704.82 +33.70 (+2.02%) Current streak 2 days Week high 1,730.59 Week low 1,679.57 52-week high 1,949.49 (May 15, 2015) 52-week low 1,671.12 (sept 4, 2015)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 1 0 0 0 9 5 1 Manufacturing 52 72 25 10 17 7 62 89 32 Commerce 28 27 9 5 6 5 33 33 14 Tpt/Stor/Comms 20 13 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 7 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 64,591 64,591 213,236 213,236 Manufacturing 696,182 146,279 842,461 381,997 7,350 389,347 Commerce 288,973 93,864 382,837 252,992 3,995 256,987 Tpt/Stor/Comms 627,252 9,200 636,452 709,122 729 709,851 Finance 102,009 8 102,017 992,486 1 992,487 Construction 46,423 11,883
      123 words
    • Article, Illustration
      Lock icon Coffee prices hit new lows; crude oil sinks significantly
      628 7 COMMODITIES AFP London COFFEE prices scored new lows last week as Brazil was snared by emerging markets turmoil, while crude oil sank on stubborn fears over Chinese demand and global oversupply. Top coffee producer Brazil hit the headlines after Standard Poor’s
      AFP; PHOTO: AFP  -  628 words
    • Article
      Lock icon GAINERS
      77 7 BY CENTS CLOSE UP 52w high/low DBXT AUDBonds AU$ ***** 359.7 1.7 *****/***** DBXT Nifty US$ ***** 294.2 1.8 *****/***** DBXT China50 US$ 2930 229.2 5.9 4258/2750 DBXT E50 US$ 4770 198.0 3.0 5300/4562 DBXT MSKorea US$ 4846 181.1 2.7 6403/4478 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2
      77 words
    • Article
      Lock icon LOSERS
      75 7 BY CENTS CLOSE DOWN 52w high/low Lyxor Idonesia US$ 6390 -734.1 -7.5 9378/6250 Lyxor ThaiSET US$ ***** -294.2 -1.9 *****/***** GLD US$ ***** -243.3 -1.6 *****/***** DBXT MSAsExJp US$ 2998 -84.9 -2.0 4064/2973 JMH USD 4870 -70.7 -1.0 6788/4620 BY PERCENTAGE CLOSE DOWN 52w high/low CB*****MBeCW*****9 0.1 -80.0 -0.4
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 7 VOL CLOSE($) CHANGE Full Apex 111.5 0.046 -0.008 -14.82 ISR Capital 1,092.6 0.009 +0.004 +80.00 Lafe 49.7 1.500 +0.150 +11.11 China Hongcheng 1,000.0 0.003 -0.001 -25.00 Healthway Med 32,164.6 0.048 -0.008 -14.29 Xyec 111.0 0.190 +0.010 +5.56 ChinaKangdaFood 100.0 0.110 -0.005 -4.35 China Sky Chem 23,372.7 0.060 -0.042
      82 words
    • Article
      Lock icon South Korean economy continues to struggle
      386 8  -  CURRENCIES By Kwah Wee Hong T The writer is a forex dealer at Phillip Futures AFTER performing badly for the first half of 2015, the South Korean economy continues to struggle amid weak external demand for its exports, persistent sluggishness in the Chinese economy,
      386 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 8 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Sep 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.935 4.516 0.633 5.492 47.115 101.507 0.857 8.460 3.064 1.119 73.875 33.198 1.002 9.769 0.692 22.962 25.616 0.461 0.709 Canada 1.070 4.832
        471 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Sep 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0019 1.0031 0.7083 0.7089 Canadian dollar 1.0723 1.0731 0.7584 0.7581 Euro 1.5828 1.5838 1.1190 1.1193 NZ dollar 0.8954 0.8960 0.6330 0.6332 Sterling pound 2.1744 2.1758 1.5372 1.5377
        155 words
      • Article, Illustration
        Lock icon NIKKEI
        2 8 WEEKLY
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 8 COMPOSITEWEEKLY
        3 words
      • Article, Illustration
        Lock icon DOW JONES
        3 8 WEEKLY
        3 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Sep 10 S$ Bid Offer 1-month 1.4164 1.4173 2-months 1.4181 1.4191 3-months 1.4195 1.4205 6-months 1.4232 1.4245 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Sep 10 $S Offer Bid 0vernight 0.05 0.01 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.30 US$ 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
        154 words
      • Article
        Lock icon SIBOR
        36 8 Sep 10 1 mth 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 8 Sep 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.9 102.05 101.93 5-Year N*****0S 2.000 01-Jul-20 98.73 98.85 98.75 10-Year NX*****Z 2.375 01-Jun-25 95.76 95.90 95.73 15-Year NZ*****F 2.875 01-Sep-30 96.58 96.55 96.55 20-Year NZ*****V 3.375 01-Sep-33 102.94
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        376 8 Sep 11 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9630.00 9757.50 9430.00 9520.00 *****6 *****9 Oct15 9407.50 9555.00 9250.00 9312.50 4409 ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****6 Mar16 *****.00 *****.00 *****.00 *****.00 144 211 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        199 8 Most active Sep 10 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****6 14 ***** 0.0 --5 DBS MB eCW*****1 16.4 1.1 ***** 0.1 1860 5 FTSEChinaA50 8000 MBePW*****7 10.1 -2.2 ***** 0.0 --2 FTSEChinaA50 *****
        199 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 8 In local curr In S$ In US$ dy yr dy yr dy yr Sep 11 Index Change Change Change Change Change Change World Preliminary 1233.0 -0.4 -3.4 -0.3 1.2 -0.3 -5.2 EAFE Preliminary 984.6 -0.5 -0.2 -0.3 2.6 -0.3 -3.9 Europe Preliminary 1378.2 -0.7 -0.3
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 8 Sep-11 Price Net change change Last Trade Agricultural Sep-11 CBOT Soybeans (US cents/bu) 887.75 3.25 0.37% 14/09/2015 CBOT Soybean Oil (US cents/lb) 26.58 -0.29 -1.08% 14/09/2015 CBOT Wheat (US cents/bu) 475.50 7.50 1.60% 14/09/2015 Sep-11 LIFFE Cocoa (£/tonne) 2172.00 -11.00 -0.50% 15/09/2015 LIFFE Coffee (US$/tonne) 1543.00 -14.00 -0.90%
        193 words
      • Article
        Lock icon PALM OIL
        57 8 Sep 11 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 2000.0 2032.0 2000.0 2000.0 2 1158 Oct 15 2090.0 2077.0 2114.0 2077.0 761 9447 Nov 15 2150.0 2134.0 2180.0 2132.0 ***** ***** Dec 15 2205.0 2179.0
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    • Article, Illustration
      Lock icon Capital flees Goldman’s Next 11 markets
      951 9 One strategist says it illustrates the dangers of grouping so many disparate countries into a single investment theme BLOOMBERG New York THIS time last year, it looked like Goldman Sachs Group’s selection of emerging market up-and-comers was ready to fill the void left by
      BLOOMBERG; PHOTO: AFP  -  951 words
    • Article
      Lock icon PRIME LENDING RATES
      261 9 sep 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
      261 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1346 9 Payment Ex Rec Pay Ann (cts) date date date date ABR Hldgs aw 1.000 27-Aug 31-Aug 18-Sep 19-Aug Aims Amp Cap Ind Reit do 2.540 04-Aug 06-Aug 23-Sep 29-Jul Aims Amp Cap Ind Reit bi 0.075 04-Aug 06-Aug 23-Sep 29-Jul Aims Amp Cap Ind Reit (1 Apr-30 Jun
      1,346 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1330 9 Consensus No. of Forecast Mean Thu’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 10.30 0.93 0.64 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 11.58 1.68 1.35 ARA Asset Mgt 1.25 1.25 2 0.09
      1,330 words
    • Article
      Lock icon SGX MAINBOARD
      2103 10 Week Ended: Sep 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil 82 42 8Telecom vol Week Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 135.5 -4 2851 138 134 1 8.2 859.4 LOW 183 139 ARA
      2,103 words
    • Article
      Lock icon SGX CATALIST
      369 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 16 4.1 t Abundance Intl ('000) High week LOW Div C'vr GrYld Net P/E MCap 35 20 t SCnergy 20 29.5 18 t CNMC Goldmine 19.9 +0.3 394
      369 words
    • Article
      Lock icon SGX ETF
      180 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 108.8 79.4 CIMB APAC Div US$ US83.2 +2.2 90 83.2 79.4 8.7 1440 991 CIMBASEAN40 S$D 1133 +14 6 1133 991 1095 700 CIMBASEAN40 US$ US800 +16 17 800
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      Lock icon Page 5 Advertisements Column 1
      32 5 AccountServe A Stone Forest Company Globally Connected RSM International Need Help with XBRL Reporting? Hrc turnaround time* Over reports since 8,000 Nov 2007 *Terms conditions apply www.AccountServe.com.sg xbrl@accountserve.com.sg I +65 6222 6868
      32 words
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      Lock icon Page 5 Advertisements Column 2
      32 5 AccountStaff® A Stone Forest Company Globally Connected RSM International RETAIL Accounting We Take Away Your Pain Points Processing voluminous invoices payments Reconciliation of receipts collections End-to-end accounting www.AccountStaff.com.sg info@accountstaff.com.sg T+65 6594 7946
      32 words
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      117 6 x J I human ca Pital v'C leadership x v institute ASEAN IMMERSION LEADERS PROGRAMMME TWO COUNTRIES ONE IMMERSIVE EXPERIENCE 26-30 OCTOBER 2015 SINGAPORE JAKARTA CAPTURE THE POTENTIAL OF ASEAN TODAY With a programme designed for global and regional Leaders with ASEAN portfolios, top-tier executives, and chief decision makers. SINGAPORE
      117 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      164 8 Trade NDFs Online with Phillip Futures An Asian Financial House with a Global Reach L 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 PhillipCapital Your Partner In Finance This advertisement is for general information only and does not constitute a recommendation, offer or solicitation
      164 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      79 10 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 P This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or
      79 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Drought dogs Cali developers amid soaring housing market
      708 11 Many caught in crosshairs of environmentalists seeking to limit new building and water usage BLOOMBERG Los Angeles CALIFORNIA’S already tight housing market is facing another long-term complication: drought. The state’s dry spell is creating challenges for developers at a time when home
      BLOOMBERG; PHOTO: BLOOMBERG  -  708 words
    • Article
      Lock icon Investors find safe haven in Canadian mortgage-backed bonds
      619 11 BLOOMBERG Toronto GLOBAL investors fleeing volatility are taking refuge in an unlikely place: a Canadian housing market that some speculators are still betting is a bubble ready to pop. Investors, mainly in Europe and the US, have already bought a record amount
      BLOOMBERG  -  619 words
  • Page 11 Advertisements
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      85 11 Worried about rising SOR? Worry no more, let us fix it. Living, Breathing Asia X The Swap Offer Rate (SOR) has gone up by more than 50%*. If your home loan is pegged to SOR, you might be concerned how this will affect you. We could help you reduce your
      85 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon MIGRANTS CRISIS: PLAYING A PART
      1787 12 THIS WEEK’S TOPIC What is the proper humanitarian response to the Mediterranean migrants crisis? Do other nations, beyond Europe, also bear a responsibility to do their part? John Bittleston Chairman Terrific Mentors International THIS is both a short-term and a long-term problem. Until solved at
      PHOTO: REUTERS  -  1,787 words
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      14 12 r#l www.omy.sg 5* 4®^ I I 'm mJ BC 0M "K .-q hiproject, omy.sg/my-story
      14 words
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      Lock icon Page 12 Advertisements Column 2
      62 12 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM™ THE STRAITS TIMES SINGAPORE 1845 THEN NOW TOMORROW j 4m '4 rv 1 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 Oct 4.
      62 words
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      Lock icon Page 12 Advertisements Column 3
      40 12 Presented to you by For more enquiries, please contact Tel: (65) 6517 8777 Email: accounts@shareinvestor .com All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.
      40 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon China to lead world into moderate recession
      2783 14  -  Massive “helicopter money drop” is one way to mitigate a downturn.BY downturn.BY WILLEM BUITER T The writer is Citigroup chief economist. This is an excerpt from his Sept 8 note ‘Is China Leading the World into Recession?’ WE believe that a moderate global
      PHOTO: AFP  -  2,783 words
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      105 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • BANKING & FINANCE
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      121 15 There will be more than nine billion people to feed by 2050. Over the next 35 years, it’s estimated that the world’s population will swell by two billion. To keep up, global food production needs to increase by 70%. CME Group is helping farmers, ranchers, processors and producers meet this
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Using up earth’s fossil fuels will melt all ice: study
      1176 16 Scientists give a sense of risks future generations could face if emissions of greenhouse gases are not curbed NYT New York BURNING all the world’s deposits of coal, oil and natural gas would raise the temperature enough to melt the
      NYT; PHOTO: NATIONAL GEOGRAPHIC CHANNEL  -  1,176 words
    • Article
      Lock icon In India, utility debts threaten Modi’s power-for-all drive
      732 16 REUTERS Mumbai WITH a three-year government rescue package coming to a close, the highly indebted northern Indian state of Rajasthan is getting tough it’s demanding farmers start paying for their electricity. In a country where rural communities have become used to free
      REUTERS  -  732 words
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      Lock icon China commodities output falls in August
      450 16 REUTERS Beijing CHINA’S output of key industrial commodities including coal and steel weakened in August, as government measures to cut smog ahead of World War Two commemorations further cut production already lowered by a slowing economy. Growth in China’s investment and factory output missed
      REUTERS  -  450 words
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      Lock icon Africa’s mining layoffs herald social crisis
      494 16 AFP Johannesburg AS mining companies in resource-rich Africa bleed jobs due to plunging commodity prices, the ripple effect of redundancies has raised concern about social unrest amid declining economic growth. Top mineral-producing countries like South Africa, Zambia and the Democratic Republic of Congo have
      AFP; PHOTO: AFP  -  494 words
    • Article
      Lock icon US drillers cut oil rigs with crude price decline
      268 16 REUTERS London US ENERGY firms cut oil rigs for a second week in a row, data showed on Friday, a sign the latest price declines may be causing some drillers to put on hold their recently announced plans to return to
      REUTERS  -  268 words
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  • TECHNOLOGY
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      Lock icon Google working with Twitter to create faster Web
      932 18 Goal is to develop web link and article storage system that would load online news articles in milliseconds NYT San Francisco IN A world where many people read everything on mobile phones, a few seconds of load time can mean the gain
      NYT; PHOTO: AFP  -  932 words
    • Article
      Lock icon Defence jobs in Europe at risk as exports shift from arms to licences
      446 18 BLOOMBERG London THE sale of warplane and naval designs to emerging markets is swelling Western corporate revenues while putting local manufacturing jobs at risk and loosening controls over sensitive military technologies, defence experts say. The value of
      BLOOMBERG  -  446 words
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      Lock icon Marvell Tech slumps on internal probe, weaker demand
      403 18 BLOOMBERG San Francisco MARVELL Technology Group Ltd plunged the sharpest in almost 13 years after disclosing an internal investigation of its accounting and reporting weakening demand for personal computer parts. The chipmaker’s shares dropped 16 per cent to close at US$8.84 in
      BLOOMBERG; PHOTO: BLOOMBERG  -  403 words
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  • CONSUMER
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      Lock icon Merkel urges Germany to innovate for consumers
      731 19 Push is part of bid to keep Germany attractive as a business location BLOOMBERG Frankfurt CHANCELLOR Angela Merkel said Germany Inc needs to step up efforts to create new products and services with broad appeal for consumers, in addition to its traditional strengths
      BLOOMBERG; PHOTO: REUTERS  -  731 words
    • Article, Illustration
      Lock icon Macau casinos fume as China’s gamblers puff away elsewhere
      945 19 BLOOMBERG Hong Kong MACAU’S casinos and gambling trip organisers are fuming over a proposed smoking ban there. Singapore’s puffing gamblers show why. Smoking has been prohibited for almost a year in Macau casinos’ mass gambling floors, with the exception of a
      BLOOMBERG; PHOTO: BLOOMBERG  -  945 words
  • Page 19 Advertisements
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      58 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices TEE TEE INTERNATIONAL LIMITED (Incorporated in Singapore with limited liability) (Company registration number: *****7107D) NOTICE OF FIFTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of TEE International
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Labour’s backing for UK remaining in EU now uncertain
      856 20  -  The new Labour leader has made contradictory statements on whether country should be in the Union By Neil Behrmann btworld@sph.com.sg London JEREMY Corbyn’s overwhelming hard left victory as the leader of the UK’s main opposition Labour Party raises uncertainty about the
      PHOTO: AFP  -  856 words
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      Lock icon BOJ to stand pat even as goals depart from reality: sources
      670 20 REUTERS Tokyo BANK of Japan (BOJ) policymakers are in no mood to expand monetary stimulus this week, sources familiar with their thinking say, even as poor data challenges their presumption that economic recovery will boost inflation to its 2
      REUTERS; PHOTO: REUTERS  -  670 words
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      Lock icon China unveils state-firm reform plans, expects results by 2020
      416 20 REUTERS Beijing CHINA issued some details on Sunday on plans to reform state-owned enterprises (SOEs), including the introduction of “mixed ownership” by bringing in private investment, and said it expected decisive results by 2020. Reform of mammoth state-owned firms is one
      REUTERS; PHOTO: AFP  -  416 words
    • Article
      Lock icon China official dispels idea of separation of powers in HK
      243 20 BLOOMBERG Hong Kong CHINA’S top official in Hong Kong has dispelled the notion of a separation of powers in the city and said the chief executive has authority over the executive, judiciary and legislature branches. In a speech titled The
      BLOOMBERG  -  243 words
    • Article
      Lock icon ECB review of Greek lenders under way, could be done by end-October
      612 21 If needed, banks could access some recapitalisation funds from Greece’s bailout relatively quickly, says European Stability Mechanism chief BLOOMBERG Luxembourg EUROPEAN Central Bank (ECB) president Mario Draghi told euro-area finance ministers that a review of Greek banks is
      BLOOMBERG  -  612 words
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      Lock icon East Europe balks at aid for Mid-East, African migrants
      1437 21 NYT Warsaw, Poland EVEN though the former communist countries of Central and Eastern Europe have been asked to accept just a fraction of the refugees that Germany and other nations are taking, their fierce resistance now stands as the main impediment
      NYT; PHOTO: REUTERS  -  1,437 words
    • Article
      Lock icon ‘Red tourism’ drawing Chinese to Russia
      465 21 AFP Saint Petersburg DRAWN by Russia’s communist past and a visa-free regime, Chinese tourists are flocking to their northern neighbour in droves as it develops new routes touting “red tourism”. Nearly 410,000 Chinese came to Russia last year, putting them on top of the
      AFP  -  465 words
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      Lock icon India escapes the worst of emerging markets misery
      839 22 It is poised to become fastest-growing G-20 economy yet old problems persist, with Modi’s promised reforms stalled AFP New Delhi THREE years ago, India was the weakling of the emerging markets clan, politically stagnant and struggling to grow but as gloom engulfs
      AFP; PHOTO: AFP  -  839 words
    • Article
      Lock icon Eyes on China’s next steps as fears of economic hard landing grow
      614 22 AFP Shanghai WHEN Chinese Premier Li Keqiang sought to reassure business leaders that the world’s second-largest economy can stave off a hard landing, he acknowledged mounting fears of exactly that, and analysts say the adjustment to slower growth
      AFP  -  614 words
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      66 20 BuildTechAs 2015 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2015 13-15 OCTOBER 2015 Singapore EXPO, Hall 3 MAX Atria, Singapore 10am-6pm (13-14 Oct) 110am-5pm (15 Oct) 'J*. TOWARDS SMART BUILDING CONSTRUCTION Featuring 4 Key Segments Building Technology Construction Machinery New Materials Eletrical Mechanical Engineering LIMITED SPACES
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  • Page 22 Advertisements
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      292 22 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
    • Article, Illustration
      Lock icon Air bag makers eye boost from new India rules
      787 23 By 2020, overall revenues from airbag sales in the country are set to rise 11 per cent a year to hit US$2 billion REUTERS New Delhi THE world’s largest air bag suppliers are setting up plants and ramping up capacity in
      REUTERS; PHOTO: REUTERS  -  787 words
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      Lock icon US highway regulator urges standards revamp after guardrail review
      705 23 BLOOMBERG San Francisco HIGHWAY guardrail systems in the US made by Trinity Industries Inc and Road Systems Inc have “safety performance issues” in some real-world crash scenarios, the Federal Highway Administration (FHWA) said last Friday as it urged a national overhaul
      BLOOMBERG; PHOTO: REUTERS  -  705 words
    • Article
      Lock icon Boeing studying first China plant for work on 737 jets: source
      287 23 BLOOMBERG Chicago BOEING Co is exploring whether to open a factory in China to complete work on its top-selling 737-mod-el jetliners, the first facility of its kind outside the United States, according to a person familiar with the plans.
      BLOOMBERG  -  287 words
    • Article
      Lock icon Carmakers agree to install automatic braking systems but no timeline set yet
      748 23 NYT Detroit FEDERAL regulators said Friday that 10 automakers had agreed to install automatic braking systems, which use sensors to detect potential collisions, as standard equipment in new vehicles. But the automakers have not set a timetable for
      NYT  -  748 words
    • Article
      Lock icon SHIPPING TIMES
      1712 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN BTM PKL KUC KK JKT CALMY CORAL 092 60 21/9 23/9 NOBLE SW 1 60 1/10 3/10 SEA CORAL 73 60
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  • Page 24 Advertisements
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      107 24 Experienced !>h;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THB1SLSINESS TIMES Shipping times Make A Splash In The Maritime World Via s|5i t 3hiaritime.coM Ahoy there! If you are in a business pertaining to any sector
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      79 24 Equipment Processing Centre (EPC) within Jurong Port (FTZ) Providing a one-stop solution for all your logistics needs C a l l 8 1 2 1 0 9 6 6 o r e m a i l 2 WA S S I N E P C O p e r a
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  • DINING OUT
    • Article, Illustration
      Lock icon Relying on ‘M’ word to draw diners
      914 25  -  Ginza Sushi Ichi’s new outlet in Marriott Singapore needs to try hitting a few more high notes. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT RE-OPENING Ginza Sushi Ichi Marriott Singapore Lobby Level 320 Orchard Road Tel: 6235 5514 Open for lunch and
      PHOTOS: JAIME EE  -  914 words
  • Page 25 Advertisements
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      520 25 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
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon How much do US college alumni earn?
      944 26 Through an interactive website called College Scorecard, families will soon be able to browse and compare colleges on various metrics WP Washington THE Obama administration announced last Saturday that the federal government will start providing answers to one of the most pressing questions
      WP; PHOTO: AFP  -  944 words
    • Article
      Lock icon Salt, smoking and alcohol: lifestyle killers on the rise
      455 26 AFP Paris THE number of people worldwide whose deaths were tied to avoidable health risks like high blood pressure and smoking has shot up by almost 23 per cent since 1990, researchers said on Friday. According to results published in British
      AFP  -  455 words
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      Lock icon Charming romantic-comedy that’s light but never fluffy
      418 26  -  By Dylan Tan dylan@sph.com.sg @DylanTanSYBT Singapore IF the going has been slightly heavy at the Singapore International Festival of the Arts, there is reprieve to be found in Singapore Repertory Theatre’s production of Hello Goodbye. Straight from a sell-out run earlier this year
      PHOTO: WATSON LAU, WATS BEHIND THE LENS  -  418 words
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      Lock icon Walt Disney: creative genius, terrible businessman
      666 26 NYT New York HERE is something that might surprise you: Walt Disney, that icon of American ingenuity, was in financial straits through most of his career. You probably thought he would have been a business genius a model for others to study. But Disney
      NYT; PHOTO: AFP  -  666 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      296 26 CRYPTIC CROSSWORD Across 7 Wavering atheist accepting new changes (8) 9 Man-eating monster thus brought back by ship (6) 10 Tabloid king hit rock bottom? (4) 11 Porcelain incorporating cool cat (10) 12 Secret past revealed in court (6) 14 Propositions sweetheart leaving dodgy threesome (8) 15 Romantic Bond perhaps
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