The Business Times, 15 September 2015

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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 $3‘ A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg I3 D@BTBreakingnews CO REGN NO *****2868E MCI (P) O39/08/2015 Tuesday, September 15,2015
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Monday Change STI 2,871.47 -16.56 KL COMP 1,639.63 +36.03 NIKKEI 225 17,965.70 -298.52 HANG SENG 21,561.90 +57.53 SHENZHEN B 1,027.07 -45.42 DOW (11.45am EDT) 16,357.17 -75.92
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  • Article, Illustration
    Lock icon DAILY DIGEST
    236 1 The World Bank says that developing countries are struggling to mobilise the billions of dollars needed to build infrastructure in order to expand their economies. TOP STORIES 6 China’s push to deepen the reform of state-owned enterprises in a “Singapore-inspired” manner is set to spark off more merger
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  • Article, Illustration
    Lock icon Economy’s outlook just got hazier
    688 1  -  Choking smog from Indonesia could make for a limp finish for an already-weak Q3 following soft manufacturing data and market volatility By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S already weak economic outlook is getting even more foggy. As a stubborn blanket of haze engulfs the
    PHOTO: REUTERS  -  688 words
  • Article, Illustration
    Lock icon Economists, market split on September rate hike
    738 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A SPLIT has emerged between the market and experts, with a slight majority of economists expecting the US Federal Reserve to raise interest rates this week while financial futures are betting on a December hike. Five out
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  • TOP STORIES
    • Article, Illustration
      Lock icon Turnbull topples Abbott to be Australia’s new PM
      818 2 The multi-millionaire former tech entrepreneur won a secret party vote by 54 to 44 REUTERS Canberra AUSTRALIA will have its fifth prime minister in eight years after the ruling Liberal Party on Monday voted out Tony Abbott in favour of long-time rival
      REUTERS; PHOTO: REUTERS  -  818 words
    • Article
      Lock icon Haze seen dealing Singapore tourism sector fresh blow
      813 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE haze, returning just when the Singapore Formula One (F1) Grand Prix is about to begin, could prove to be an added damper to the tourism industry in a year already hit by softening visitor arrivals.
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    • Article, Illustration
      Lock icon Little impact on ringgit seen from Najib’s RM20b stockmarket boost
      884 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur A PACKAGE of measures announced by Prime Minister Najib Razak on Monday to stabilise the flagging economy gave the stock market a boost as RM20 billion (S$6.54 billion) would be injected into government-linked fund
      PHOTO: AFP  -  884 words
    • Article, Illustration
      Lock icon Analysts see no U-turns on economic policies post-GE; market subdued
      860 4  -  Market’s attention is focused on outcome of US Fed policy meeting on Sept 16-17 GE2015 REACTIONS By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE ruling party’s surprisingly strong showing in this year’s general election (GE) could briefly lift local shares this
      PHOTO: BLOOMBERG  -  860 words
    • Article
      Lock icon Fitch: Singapore’s AAA rating not in doubt
      522 4  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CREDIT rating agency Fitch Ratings said on Monday that Singapore’s top-notch AAA credit rating is not in doubt, though there are longer-term pressures the country shares with other advanced economies. These include slow productivity growth, income inequality,
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    • Article, Illustration
      Lock icon Case for German immigration remains strong
      618 4  -  REUTERS BREAKINGVIEWS By Olaf Storbeck London ANGELA Merkel needs to stick to her guns. The German chancellor’s surprise decision on Sept 13 to suspend passportless travel with Austria and re-introduce border controls sounds a retrograde step. But it’s also unsurprising, given the tightrope she
      618 words
    • Article
      Lock icon Vivian tops Facebook’s Singapore politician list on polling day
      539 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore VIVIAN Balakrishnan of the People’s Action Party (PAP) has emerged as the “top performing” politician” on Polling Day, coming ahead of even PAP secretary-general Lee Hsien Loong and Singapore Democratic Party (SDP) chief Chee Soon
      539 words
    • Article, Illustration
      Lock icon Long-term finance emerging markets’ choke point
      593 6  -  They are struggling to mobilise funds to build schools, roads and power stations to spur growth: world Bank By Anthony Rowley btworld@sph.com.sg Tokyo EMERGING markets are suffering collapses in the run-up to a decision by the US Federal Reserve on raising interest rates but
      PHOTO: AFP  -  593 words
    • Article
      Lock icon IMF flags growing risk of cross-border banking flows in Asia
      428 6  -  By Anthony Rowley btworld@sph.com.sg Tokyo WITH financial markets in general continuing to suffer turbulence, a senior International Monetary Fund (IMF) official on Monday warned of the need for improved supervision of growing cross-border flows of bank finance in Asia. In
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    • Article, Illustration
      Lock icon Opec cuts 2016 oil forecast as emerging markets fizzle
      497 6 AFP Paris THE OPEC oil cartel on Monday trimmed its forecast for global oil demand next year as emerging markets, which have been the motor of world growth in recent years, splutter. Cheap oil prices should be enough to keep oil
      AFP; PHOTO: REUTERS  -  497 words
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      103 3 am m m ■I I a» A 9 K SIS i U k A K K :rss S5 vW m m ((<( B pi r. J z p/' 'i rTp CLE DE CARTIER MANUFACTURE MOVEMENT 1847 MC ESTABLISHED IN 1847, CARTIER CREATES EXCEPTIONAL WATCHES THAT COMBINE DARING DESIGN AND WATCHMAKING
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      90 5 PATEK PHILIPPE GENEVE Begin your own tradition. 7S 1 9 i n r XV' i h m i K v «r W t X 1 I r\Ms I Kr ,v i I fXfi ft .4 r uff,} m, y&M' u ■v ai 6 .'i'f,v i m\& WS iw _>» s»
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  • Page 6 Advertisements
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      1427 6 NOTICES TRANSCORP HOLDINGS LIMITED (Incorporated in Singapore on 27 April 1995) (Company Registration Number: *****2905Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 8 October 2015 at 3:30 p.m. at Poolside Events Room, Level 1, Singapore Polytechnic
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  • COMPANIES & MARKETS
    • Article
      Lock icon More mergers, IPOs seen as China boosts reform of state-owned firms
      1151 7  -  Beijing has unveiled guidelines and timeframe to make state-owned enterprises more competitive globally and more transparent By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CHINA’S push to deepen the reform of state-owned enterprises (SOEs) in a “Singapore-inspired” manner is set to
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    • Article, Illustration
      Lock icon Fidelity’s Will Danoff is the face of key man risk as he reaches 25-year mark
      940 7 REUTERS New York THIS autumn, the Boston-based fund giant Fidelity plans to celebrate the 25-year tenure of William Danoff, head of the biggest fund run by a single manager in the US and arguably the
      REUTERS; PHOTO: BLOOMBERG  -  940 words
    • Article
      Lock icon Sixteen local business leaders named Entrepreneurs of the Year
      224 7 Singapore SIXTEEN local entrepreneurs have clinched the Entrepreneur of the Year award nine bagged the award in the Established Entrepreneur category while seven won the New Entrepreneur category award. The award, which is co-organised by the Association of Small and Medium
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    • Article
      Lock icon DBS’s Islamic Bank of Asia ‘to progressively wind down’
      406 8  -  Unit unable to achieve economies of scale; DBS to continue developing, distributing products within its main operations By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore DBS Group Holdings, Singapore’s biggest lender, said on Monday that its Islamic banking unit would be progressively wound
      406 words
    • CORPORATE DIGEST
      • Article
        Lock icon Sembcorp Industries
        95 8 SEMBCORP Industries’ first coal-fired power plant in India has successfully commenced full operation. The plant is already supplying 500 megawatts to the Andhra Pradesh and Telangana Power Distribution Companies under a 25-year power purchase agreement. The company intends to enter into new power purchase agreements in the near
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      • Article
        Lock icon Mercator Lines
        113 8 MERCATOR Lines said on Monday that it has applied to the court for a stay of proceedings against the company, and for leave to convene meetings with its creditors within the next four months. Its creditor, the Singapore branch of HSH Nordbank AG, had on Sept 10 filed
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      • Article
        Lock icon ARA Asset Management
        129 8 ara Asset Management on Monday said it has successfully raised US$325 million in capital commitments for its private real estate funds division. The capital commitments were raised via a new separate platform. The anchor investor of the platform is a premier Asian-based sovereign wealth fund, it said.
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      • Article
        Lock icon SunMoon Food Company
        105 8 SUNMOON on Monday said its proposed acquisition of a 51 per cent stake in Harvest Season Singapore, which has the rights to operate fruit stores under the name of Harvest Season Group in China, has fallen through. This is because both sides could not agree on certain
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    • Article
      Lock icon ASL Marine eyeing new demand for harbour craft
      584 8  -  By Tan Hwee Hwee hweetan@sph.com.sg Singapore SINGAPORE-listed ASL Marine is looking to benefit from new demand for harbour craft as demand wanes for offshore support vessels on the double whammy of a lower oil price environment and a developing supply glut. ASL
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    • Article, Illustration
      Lock icon VRM completes the cycle from waste to food
      1050 9  -  Firm turns organic waste into quality soil enhancers, its larger aim being the production of safe food By Sheena Tan btnews@sph.com.sg Singapore ONE man’s trash is another man’s treasure. This rings true for VRM Biologik, which turns organic waste into quality soil
      PHOTO: SHAWN TEO  -  1,050 words
    • Article, Illustration
      Lock icon Market eases ahead of Fed meeting
      678 10  -  Caution prevails with volume at 1.2b units worth S$857m as traders remain concerned about external uncertainty STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Monday drifted to a 16.56-point loss at 2,871.47 ahead of the US Federal Open Market Committee meeting
      Source: Bloomberg  -  678 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 219 -1 220/216 271 213 6.7 5541.6 CapitaLand 279 -1 287/278 379 267 10.2 3.2 *****.9 CapitaMall Trust 187 -2 189.5/186.5 228 184.5 5.8 6489.7 CityDev 818 -17 842/816 1095 816 9.8
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    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME SinoCloud 133,644,000 Ezra 85,205,000 New Silkroutes 61,001,600 StratechGroup 53,359,300 Noble 48,992,600 Market volume 1,359,015,000 VALUE DBS Grp 70,967,982 Singtel 59,191,105 Global Logistic 57,317,421 OCBC Bank 56,072,606 UOB 35,119,349 Market value 859,626,000
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    • Article
      Lock icon SGX ETFs
      95 10 Most Active Fund ustadf robot o.iy tligh/low 52w hlgh/low SO Lnm -1 4US 2V5/291 isyaiv a/lriij IS MSiNMVUSS US47V 11 134 67V/658 1000/648 174/67* 84.9 NUtlroAM 5H etf 297 -t 31 30TOV6 .122/7*8 79to297 7.2 DBM MSIHAI IJSi U219U 9 i' T/i;/T/0?i 2300/1644 iTCfinsi uar sscmcmb on V
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Sep 14 VALUE CLOSE BT OB/OS -378.00 -122.00 BT CADI -*****.00 -50.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 663.52 -2.38 FTSE ST Small Cap 400.46 +0.10 FTSE ST All Share 689.14 -3.49 FTSE ST China Top 166.88 +0.67 FTSE ST China 202.23 +1.41 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 14, 2015 689.14 -3.49 (-0.50%) Current streak 2 days Day high 692.85 Day low 689.00 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
      32 10 STI MSCI EAFE MSCI EAFE Index Sept 11,2015 1,704.82 -5.41 (-0.32%) Current streak 2 days Day high 1,716.80 Day low 1,702.31 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 4 5 4 0 0 0 4 5 4 Manufacturing 33 46 26 5 9 11 38 55 37 Commerce 16 19 17 2 9 5 18 28 22 Tpt/Stor/Comms 17 11 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,552 20,552 56,911 56,911 Manufacturing 151,562 63,713 215,275 96,002 1,228 97,229 Commerce 137,595 19,012 156,607 67,380 941 68,321 Tpt/Stor/Comms 175,705 286 175,991 129,849 21 129,871 Finance 19,027 14 19,041 192,886 2 192,888 Construction 43,329 2,391
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    • Article
      Lock icon GAINERS
      77 10 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 540.6 3.6 *****/***** DBXT Nifty US$ ***** 122.5 0.7 *****/***** Hyflux 6% CPS ***** 30.0 0.3 *****/***** Lyxor HSI US$ 276 25.3 7.0 361/258 IS ASIA HYG US$ 1027 21.1 1.5 1130/1007 BY PERCENTAGE CLOSE UP 52w high/low LH
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    • Article
      Lock icon LOSERS
      77 10 BY CENTS CLOSE DOWN 52w high/low DBXT DBLCI-OY US$ 2225 -387.1 -11.0 3178/2225 JMH USD 4725 -204.1 -3.0 6788/4620 DBXT E50 US$ 4699 -100.0 -1.5 5300/4562 IS MSCI SIN US$ 1049 -78.8 -5.1 1377/1049 DBXT Vietam US$ 2280 -70.4 -2.1 3059/2139 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaGaoxian W*****8
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 10 VOL CLOSE($) CHANGE Courage Marine 138.4 0.710 +0.210 +42.00 SinoCloud 133,644.0 0.002 -0.001 -33.33 Healthway Med 48,879.2 0.041 -0.007 -14.58 Mercator Lines 26,179.4 0.021 -0.005 -19.23 BlackGoldNatural 850.0 0.129 -0.060 -31.75 Teho Intl 28.0 0.102 -0.019 -15.70 Serrano 30.3 0.090 -0.020 -18.18 Imperium Crown 750.1 0.068 +0.012 +21.43
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    • Article
      Lock icon BROKERS’ TAKE
      420 10  -  Compiled by Claire Huang Singapore markets UOB Kay Hian, Sept 14 The People’s Action Party (PAP) returned to power but with a higher-than-expected share of popular votes. This is a vindication of its policies post the 2011 elections and is mildly market positive. In our view, sectors that
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    • Article
      Lock icon CALENDAR
      18 10 DATA I 1pm (Sept 15) Singapore Retail Sales index I (Sept 15) Singapore quarterly labour market report
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    • Article
      Lock icon Dollar stalls as Fed rate hike expectations fade
      407 11 CURRENCIES London THE dollar stalled near an almost three-week low against a basket of major currencies on Monday ahead of this week’s Federal Reserve meeting, as investors bet interest rates would be kept at their record lows until at least December. The
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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        Lock icon INTERBANK CROSS RATES
        471 11 Sep 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.940 4.521 0.626 5.501 47.124 101.768 0.853 8.387 3.067 1.123 74.057 33.183 0.999 9.665 0.689 23.100 25.592 0.459 0.710 Canada 1.064 4.809
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Sep 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9989 0.9996 0.7096 0.7100 Canadian dollar 1.0626 1.0632 0.7552 0.7548 Euro 1.5966 1.5971 1.1342 1.1344 NZ dollar 0.8897 0.8904 0.6320 0.6324 Sterling pound 2.1753 2.1765 1.5453 1.5459
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Sep 14 S$ Bid Offer 1-month 1.4096 1.4101 2-months 1.4114 1.4121 3-months 1.4128 1.4135 6-months 1.4167 1.4175 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 11 Sep 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9500.00 9692.50 9215.00 9362.50 *****0 *****9 Oct15 9280.00 9490.00 9020.00 9150.00 6898 ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Mar16 *****.00 *****.00 *****.00 *****.00 232 266 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        203 11 Most active Sep 14 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 8.6 -1.1 6620 0.2 780 5 DBS MB eCW*****1 15.5 -0.9 5565 0.1 1860 5 Rowsley Ltd W*****3 1.8 0.1 4688 1 18 13
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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 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
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        Lock icon COMMODITY FUTURES
        193 11 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%
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      • Article
        Lock icon PALM OIL
        53 11 Sep 14 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 2081.0 791 Oct 15 2089.0 2126.0 2134.0 2066.0 928 ***** Nov 15 2135.0 2192.0 2196.0 2135.0 ***** ***** Dec 15 2176.0 2241.0 2243.0 2176.0 ***** *****
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 11 Sep 14 $S Offer Bid 0vernight 0.1 Par 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.30 US$ 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
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      • Article
        Lock icon SIBOR
        36 11 Sep 14 1 mth 1 mth 1.***** 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 11 Sep 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.87 101.98 101.97 5-Year N*****0S 2.000 01-Jul-20 98.71 0.00 0.00 10-Year NX*****Z 2.375 01-Jun-25 95.8 95.91 95.90 15-Year NZ*****F 2.875 01-Sep-30 96.61 97.00 96.60 20-Year NZ*****V 3.375 01-Sep-33 103.02
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    • Article
      Lock icon SGX MAINBOARD
      1917 12 Transaction date: Sep 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 135 -0.5 360 138 135 1 8.2 856.2 LOW 183 139 ARA
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    • Article
      Lock icon SGX CATALIST
      368 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 16 4.1 t Abundance Intl (’000) High Day LOW Div C'vr GrYld Net P/E MCap 35 20 t 3Cnergy 45.5 11 t BlackGoldNatural 12.9 -6 850 17.5 11
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    • Article
      Lock icon SGX ETF
      160 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 79.4 CIMB APAC Div US$ US81.9 -1.3 0 81.9 81.9 8.6 1440 991 CIMBASEAN40 S$D 1133 0 1133 1133 1095 700 CIMBASEAN40 US$ US780 -20 0 780 780
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      Lock icon Page 7 Advertisements Column 1
      159 7 Deutsche Bank db.com By invitation 5th Annual Women in Asian Business Conference Men Matter September 22, 2015 'p&T'fbYwL The fifth edition of Women in Asian Business Conference will showcase an array of accomplished speakers who will debate men's role as critical partners in creating sustainable change towards diversity and inclusion
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      292 8 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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      13 9 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM™ SINGAPORE ORIES THEN NOW TOMORROW
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      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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      71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Several landed properties going under the hammer
      468 13  -  The biggest is a freehold bungalow on a 13,844 sq ft site along Branksome Road, off Tanjong Katong Road By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore COLLIERS International’s auction towards the end of this month will feature a number of landed residential properties comprising
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    • Article, Illustration
      Lock icon Two commercial projects up for sale by EOI
      556 13 Singapore THE entertainment complex at 1 and 3 Yuan Ching Road commonly referred to as SuperBowl Jurong is up for sale by expression of interest (EOI) with an indicative price of S$20 million. The subject property comprises a part-two/part-three-storey block and a
      556 words
    • Article, Illustration
      Lock icon Industrial sector seen as first AEC beneficiary
      612 14  -  CBRE believes manufacturers will come to region, drawn by the reduced costs By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE industrial sector will probably be the most immediate beneficiary of the Asean Economic Community (AEC), with some spillover into the office and retail markets,
      Source: UNCTAD, CBRE Research (as at Aug 2015)  -  612 words
    • Article
      Lock icon Eight experienced valuers quit Colliers
      442 14  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A GROUP of eight experienced valuers have resigned from Colliers International Singapore, including the head of valuation and deputy managing director Cynthia Ng, who has been with the firm for 14 years. They are said to be joining rival
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    • Article
      Lock icon GA Property to give shares to sales staff
      560 14  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore TO keep its 800-odd property agents and draw recruits, Global Alliance Property Pte Ltd (GA Property) newly minted from the merger of Global Property Strategic Alliance (GPSA) and MORE Property is giving them a slice of
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      397 13 r rf m V 1 t m f r m < f < 4 IM I V m K -Z/f <: Jf S£ ‘■V /I Individual or bulk purchase of 3 ground floor shop units (1 unit of 377 sq ft 2 units of 420 sq ft each) in a
      397 words
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      Lock icon Page 13 Advertisements Column 2
      188 13 COLLECTIVE SALE Tender Closing: 29 Sep 2015, Tue 3pm Huttons* realestategroup Huttons Asia Pte Ltd Licence no. L *****99K To Central Expessway Farrer Park Tekka Ctr Ot. Food Ctr/Market Mount Emily Park '’C St. Margaret's SUBJECT SITE Peace Ctr C3 Parklane u, pi... a “aS"" Singapura LLU Paradiz Dhoby Ghaut
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      101 14 Hong Fok Group FOR SALE BY EXPRESSION OF INTEREST Closing: Thursday, 8 October 2015 at 4pm CHESTERTO Heritage Collection Joo Chiat Road i' Located near Raya Lebar Sub Regional Centre Walking distance to Raya Lebar MRT Station Master Plan 2014: Commercial with Plot Ratio of 3.0 Total Site Area: 697.10
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      254 14 Thomson High-rise Condo Site with Great Views SHUNFU VILLECollective Sale By Tender Land area 408,927 sf; GPR 2.8; up to 36 storeys Central close to popular malls and schools 200m to Marymount MRT Circle Line station MacRitchie Reservoir SICC 600m to new Thomson East Coast Line station Upper Thomson MRT
      254 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Gold bulls can’t shake Fed woes as values plunge
      743 16 Traders still betting on a rate increase by year’s end BLOOMBERG New York GOLD bulls can’t shake the spectre of higher US interest rates as Federal Reserve policymakers gather this week. Prices are trading near a one-month low, investors are dumping
      BLOOMBERG; PHOTO: AFP  -  743 words
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      Lock icon Oil Search rejects US$8b bid
      507 16 REUTERS Sydney OIL Search Ltd on Monday rebuffed an US$8 billion takeover proposal from Australia’s biggest energy company Woodside Petroleum Ltd as far too cheap, although it left the door open to higher offers. Woodside last week sought exclusive talks with the Papua New Guin-ea-focused
      REUTERS; FILE PHOTO  -  507 words
    • Article
      Lock icon Commodity bust may claim Mexico copper firm
      517 16 BLOOMBERG Santiago, US COBRE DEL MAYO SA spent US$2.40 on every pound of copper it sold in the first half. With the price at US$2.45 and a US$12 million bond-in-terest payment looming, that’s a problem. A 64 per cent plunge in the price
      BLOOMBERG  -  517 words
    • Article
      Lock icon Pimco, Fidelity stung by sharp fall of Petrobras’ 100-year bond
      473 16 BLOOMBERG Rio de Janeiro WHEN Petroleo Brasileiro sold 100-year bonds in June, the move was largely seen as a sign the corrup-tion-tainted oil producer had put the worst of its problems behind it. For investors like Pacific Investment Management Co,
      BLOOMBERG  -  473 words
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      64 16 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM”' SINGAPORE STORIES THEN •NOW TOMORROW THE STRAITS TIMES CELEBRATING 170 YEARS '4 1 SINGAPORE STORIES I 4 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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      183 16 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 Benjamin Graham and Warren Buffet’s VALUE
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      46 16 HOT PROPERTY TUAS RAMP-UP, TOP Sep, 25k-150k sqft, 8m ceiling, 10 loading docks/ floor, special offer, BENOI SEC RAMP-UP 53.8 K sqft, Ht 8m (clear),20 kN/m2, Near Joo Koon MRT station WAREHOUSES FOR RENT Check out these properties and more in The Straits Times Classified now!
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Partnership boosts usage over China’s firewall
      1247 17 CloudFare, Baidu’s unified network service makes foreign sites accessible NYT Hong Kong IT is one of the best-guarded borders in the world, and one of the most time-consuming to cross. Yet in the past few months, a new agreement has let people speed over
      NYT; PHOTO: REUTERS  -  1,247 words
    • Article, Illustration
      Lock icon Baidu wants to deliver services, not just provide information
      1243 17 BLOOMBERG Taipei FOR more than a decade, Baidu Inc’s Robin Li has been the top provider of search services for China’s Internet population. Now he wants to help them get laundry delivered, book a doctor’s appointment or hire a chef to
      BLOOMBERG; PHOTO: REUTERS  -  1,243 words
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      1146 17 NOTICES NOTICE OF FINAL MEETING IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CANTOR FITZGERALD (SINGAPORE) CAPITAL MARKETS LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co Reg. No. *****7123K) NOTICE IS HEREBY GIVEN that the Final General Meeting of the member of the abovenamed Company will
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  • TRANSPORT
    • Article, Illustration
      Lock icon Airbus opens its first aircraft factory in the US
      617 19 Company seeks to raise visibility with potential clients in a market dominated by Boeing BLOOMBERG Toulouse AIRBUS Group NV, challenging Boeing Co for supremacy in the US$80 billion market for large commercial airliners, is opening its first jet production site on
      BLOOMBERG; PHOTO: REUTERS  -  617 words
    • Article
      Lock icon China signals that it may allow weaker automakers to merge as sales slow
      431 19 BLOOMBERG Beijing CHINESE regulators have signalled that they may refrain from introducing large-scale stimulus measures and instead encourage weaker automakers to merge or be acquired, as a slowdown in the industry exposes problematic overcapacity. Slowing vehicle sales
      BLOOMBERG  -  431 words
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      Lock icon Subway station no 469 opens in Manhattan’s far west side
      1185 19 NYT New York IN A West Side neighbourhood long isolated from the rest of Manhattan, crowds gathered on Sunday for a truly rare sight in New York City: the opening of a new subway station. Train aficionados and local families
      NYT; PHOTO: BLOOMBERG  -  1,185 words
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      Lock icon A weak Fiat Chrysler named surprise target of UAW labour talks
      877 19 BLOOMBERG Southfield, Michigan THE United Auto Workers chose Fiat Chrysler Automobiles, the weakest of the Detroit Three carmakers, as the surprise target for negotiating a new four-year labour agreement. The choice bucks the union’s tradition of choosing the strongest
      BLOOMBERG; PHOTO: REUTERS  -  877 words
    • Article
      Lock icon SHIPPING TIMES
      785 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
      785 words
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  • Page 21 Advertisements
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      28 21 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • OPINION
    • Article
      Lock icon Indonesia must act urgently – or collaborate – to deal with the haze
      551 22 Indonesia must act urgently or collaborate to deal with the haze EDITORIAL ONCE again, Singapore’s skies are choked in a thick haze a result of a soaring number of forest fires in neighbouring Indonesia and still there does not seem to be a ready solution to combat this recurring problem
      551 words
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      Lock icon Global economics is cruel to real people
      822 22  -  THE BOTTOM LINE By David Mason T The writer, a business communications consultant in the UK, was a Big Four audit firm partner in Singapore in the 1980s and 1990s THE financial news in the UK, and in much of the world, is
      822 words
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      Lock icon Iran deal a big foreign policy win for Obama
      1397 22  -  But the fact that such a major security initiative was not backed by a single Republican, and that the treaty can be revoked by a future president, cast a pall over his achievement By Leon Hadar FOR a decade or two
      PHOTO: REUTERS  -  1,397 words
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      Lock icon Corporate governance: G-20/OECD may be off-track
      789 23  -  COMMENTARY By Anthony Rowley DO SHAREHOLDERS really deserve all the effort being devoted to improving corporate governance in advanced and emerging economies? The Group of 20 and the OECD believe so, even though skittish equity investors are seen by some now as the root
      789 words
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      Lock icon PAP should give up some seats to ensure a strong majority
      849 23  -  By Ng Yew-Kwang T The writer is the Albert Winsemius Chair Professor of Economics at Nanyang Technological University I AM surprised that some commentators expressed surprise at the big win by the People’s Action Party (PAP) in this election.
      PHOTO: BLOOMBERG  -  849 words
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      Lock icon REVEALING SINGAPORE’S POLITICAL PSYCHE
      1041 23  -  Deeply ingrained psychological traits in the electorate worked to give the People’s Action Party its strong mandate. BY DERWIN PEREIRA mandate.BY DERWIN PEREIRA T The writer heads Pereira International, a Singapore-based political consultancy. He is also a member of Harvard university's Belfer Center for Science and
      PHOTO: THE NEW PAPER  -  1,041 words
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      251 24 PLACE VOUR AD HERE r THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1 327 urgently needed by shippers Can they find your services Here in the Shipping Times? ADVERTISI CALI IOE WONG AT 9620 1 5 PING TIMES Spotlight 1 Award Wins Certifications I m\W I Come
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  • LIFE & CULTURE
    • Article
      Lock icon Music biopics and documentaries at forefront of latest Toronto film fest
      579 25 AFP Toronto COUNTRY music star Hank Williams and jazz trumpeter Chet Baker biopics, as well as a new Keith Richards documentary headlined at the Toronto International Film Festival on Sunday. Hoping to follow in the footsteps of Joaquin Phoenix
      AFP  -  579 words
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      Lock icon Swiss to probe Fifa contract signed by Blatter: officials
      750 25 Swiss TV reports Fifa sold media rights below market rate to Caribbean soccer group which resold them REUTERS Zurich THE Swiss Attorney-General’s Office will investigate a contract for media rights to the 2010 and 2014 World Cups, two Swiss law enforcement
      REUTERS; PHOTOS: REUTERS  -  750 words
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      Lock icon Rosie Assoulin, New York fashion’s rising star
      628 25 AFP New York IN just two short years, rising New York designer Rosie Assoulin has established her own label and won plaudits for sophisticated yet sensuous clothes that sacrifice nothing to comfort. The 30-year-old young mother from Brooklyn, who spent just months at
      AFP; PHOTOS: AFP  -  628 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      367 25 CRYPTIC CROSSWORD Across 1 East European briefly securing time in charge of party matters? (8) 5 Bit of change for officer? (6) 9 Briton gallantly defends this monarchy (5) 10 Bird in a spot, having lost tail in plant (9) 12 Those euros exchanged in treasury (10) 13 Two metallic
      367 words
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  • SME
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      Lock icon In the business of giving
      1780 26  -  A market leader and a newbie weigh in on the challenges of the gifts industry. By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT IT is better to give than to receive, or so the saying goes. The art of giving has become a red-hot industry in itself, with
      PHOTOS: ARTHUR LEE, FILE  -  1,780 words
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      Lock icon Banking on high-tech speciality lubricants
      987 26  -  By Elaine Ong Yi Lin, Tiffany Kong Tong Gek, Esther Ng Pei Xian The writers are students at nus Business School WHEN Lum King Pak first opened his commodity trading firm in 1976, little did he imagine that Tecsia would eventually be an internationally renowned
      PHOTO: ARTHUR LEE  -  987 words