The Business Times, 21 September 2015

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Microfilm: NL33614
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    34 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 [3 D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Monday. September 21. 2015
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  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 2,879.59 -8.44 KL COMP 1,669.45 +65.85 NIKKEI 225 18,070.21 -194.01 HANG SENG 21,920.83 +416.46 SHENZHEN B 1,041.06 -31.43 DOW 16,384.58 -48.51
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  • Article, Illustration
    Lock icon DAILY DIGEST
    244 1 When Fed chairwoman Janet Yellen’s rate-setting committee decided not to hike interest rates, it did so to avoid unsettling markets that have already endured weeks of extreme volatility. But the decision had the opposite effect, unleashing one of the biggest selloffs in September last Friday. TOP STORIES 2
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  • Article, Illustration
    Lock icon Bailout presents Greece tough choices
    825 1  -  Further crises in Greek economy and those of Italy, Spain, Portugal and France could place renewed pressure on the euro By Neil Behrmann btworld@sph.com.sg London THE new Greek government faces tough choices in the coming year as the depressed nation struggles to meet terms of
    PHOTO: REUTERS  -  825 words
  • Article, Illustration
    Lock icon Vettel leads from start to win S’pore GP
    1010 1  -  Reigning world champion Hamilton retires on lap 33 By Samuel Ee samuelee@sph.com.sg Singapore SEBASTIAN Vettel charged ahead from pole position to win the Singapore Grand Prix 2015 on a warm but haze-free night of surprises. The Ferrari driver displayed superb control and
    PHOTO: AFP  -  1,010 words
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      40 1 8 "*****1 *****4 BT EXPLAINS Haze faze top stories/ 4 OYSTER PERPETUAL SKY-DWELLER ROLEX EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: 6737 2896 WISMA ATRIA, #02-40/41-44, TEL: 6694 5712 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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      Lock icon Page 1 Advertisements Column 2
      24 1 GE 2015 What changes do the results spell for policymaking? views from the top 14-15 FLIGHTS OF FANCY Labyrinth of creativity dining out 27
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      21 1 TOPLINE Citi sees opportunities despite volatility COMPANIES MARKETS 5 Singapore Grand Prix attracts nearly 87,000 spectators in eighth year, Page 2
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  • TOP STORIES
    • Article
      Lock icon US stock pessimism looks set to last another week
      901 2  -  Analysts expect confusion to reign until next Fed meeting in Oct as stock market languishes in limbo on Fed’s statement indicating worry about Chinese economy WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg STOCKS slid last week as traders saw the dark
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    • Article, Illustration
      Lock icon Singapore Grand Prix attracts nearly 87,000 spectators in eighth year
      484 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SOME 86,970 spectators thronged the Marina Bay street circuit to catch the 2015 Singapore Grand Prix, up slightly from last year and the third highest attendance for the race since Singapore started hosting the
      PHOTO: AFP  -  484 words
    • Article, Illustration
      Lock icon Mapletree officially opens US$100m Ho Chi Minh mall
      592 2  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MAKING further inroads into the integrated development space in Asia, Mapletree Investments officially opened the mall component of the first mixed-use project it is building in Vietnam on Sunday. The 62,000 sq m SC VivoCity mall,
      592 words
    • Article, Illustration
      Lock icon Haze faze
      531 4  -  Haze has hit Singapore again, posing health hazards as well as economic losses. BT looks at the causes, the worst incidents so far and the key developments that may add some visibility to the situation. BY CLAIRE HUANG BT Explains BY CLAIRE HUANG Causes Indonesian farmers practise shifting
      Photos: afp, Reuters; Sources: NEA, Global Forest Watch, STB, LKY School of Public Policy; BT Graphics: Claire Huang, Gareth Chung  -  531 words
    • Article, Illustration
      Lock icon Prices of prime and new residences in London dip
      896 4  -  Fall in demand from overseas buyers, steep hike in stamp duty among the reasons By Neil Behrmann btworld@sph.com.sg London LONDON’S heady prime and new development residential property prices have peaked. Migration into London from the European Union and elsewhere and a
      PHOTO: BLOOMBERG  -  896 words
    • Article
      Lock icon Manufacturing Solutions Expo next week will span entire value chain
      657 4 Singapore MANUFACTURING Solutions Expo (MSE) will return for its second run this year from Sept 30 to Oct 2, featuring a more innovative mix of solutions aimed at bolstering the region’s manufacturing sector. Organised by Singapore Manufacturing Federation (SMF) and
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Citi sees opportunities amid market volatility
      1314 5  -  Bank says it is looking to use technology to differentiate its offerings and get closer to CL1StOII1€1”S. TOPLINE BY AMIT ROY CHDUDHURY amit@sph.com.sg @AmitRoyCBT MARKETS have been roiled by an upsurge in volatility in the second half of this year and Han Kwee Juan,
      FILE PHOTO  -  1,314 words
    • Article
      Lock icon Buying by directors plunges; buybacks remain high
      1374 6  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited BUYING by directors plunged while sellers were absent for the second straight week in the third week of September, based on filings on Singapore Exchange. A total of 19
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    • Article, Illustration
      Lock icon Audit committees must now work even harder
      945 7  -  They have to keep up with the ever changing accounting standards and track developments in the regulatory landscape. BY GERARD TAN landscape.BY GERARD TAN T The writer is a member of the Finance Committee of the Singapore Institute of Directors IT is understandable
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    • Article
      Lock icon Frasers Centrepoint unit to raise A$112m from Aussie asset sale
      386 7  -  As part of the divestment, it’ll also sell its entire stake in APT Logistics Trust to a subsidiary entity of A-Reit By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore FRASERS Property Australia Pty Ltd (FPA), a wholly owned subsidiary of Frasers Centrepoint
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index Sept 18,2015 2,879.59 -8.44 (-0.29%) Current streak 1 day Week high 2,895.81 Week low 2,841.94 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,863.81 (Sept 4, 2015) FTSE ST Catalist Index Sept 18,2015 553.60 -3.96 (-0.71%) Current streak 1 day Week high 553.60 Week
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    • Article, Illustration
      Lock icon Another uncertain, volatile week ahead
      610 8  -  TTSTOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT LIKE Singapore’s voters at the Sept 11 General Election, the US Federal Reserve opted for safety and kept interest rates unchanged last week. This had been widely expected but was not universally welcomed. There are many Fed critics who felt
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 690.3 4.6 *****/***** DBXT Nifty US$ ***** 463.5 2.8 *****/***** SPDR S&P500 US$ ***** 378.6 1.4 *****/***** GLD US$ ***** 341.0 2.3 *****/***** DBXT MSAsExJp US$ 3186 261.7 6.3 4064/2973 BY PERCENTAGE CLOSE UP 52w high/low Asiatravel W*****5 1.6
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    • Article
      Lock icon UNUSUAL ACTIVITY
      67 8 VOL CLOSE($) CHANGE Samko Timber 280.8 0.114 -0.008 -6.56 Cortina 0.760 Serrano 85.3 0.073 -0.016 -17.98 KSH 1,444.9 0.535 -0.010 -1.84 Lasseters Intl 0.054 Pollux Prop 0.055 ACH ADR US$ 8.730 TEE Intl 25.0 0.220 +0.010 +4.76 Pavillon 223.4 0.065 +0.006 +10.17 Seroja Inv 0.076 Shows the stocks
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low DBXT DBLCI-OY US$ 2225 -382.7 -11.0 3131/2225 JMH USD 4700 -236.6 -3.5 6788/4502 JSH USD 2701 -87.7 -2.3 3703/2611 IS MSCI SIN US$ 1049 -77.9 -5.1 1359/1049 DBXT S&P Short US$ 2236 -48.7 -1.5 2497/2104 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaGaoxian W*****8
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    • Article, Illustration
      Lock icon Gold hits 2-week high after US rate decision
      506 8 COMMODITIES AFP London THE US Federal Reserve’s decision to leave its main interest rate at close to zero per cent has hit the US dollar, boosting the price of gold. Gold last Friday hit a two-week high at US$1,141.97 an ounce on
      AFP; PHOTO: BLOOMBERG  -  506 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY ftse ST All-Share index Sept 18,2015 693.10 +0.47 (+0.07%) Current streak 1 day Week high 695.00 Week low 683.14 52-week high 845.85 (Apr 17, 2015) 52-week low 686.95 (Sept 4, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 4 1 0 0 0 11 4 1 Manufacturing 76 48 29 14 13 13 90 61 42 Commerce 30 27 12 9 6 5 39 33 17 Tpt/Stor/Comms 29 7 6
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    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 223 +3 233/216 271 213 6.5 5642.8 CapitaLand 278 -2 287/274 379 267 10.2 3.2 *****.2 CapitaMall Trust 188.5 -0.5 198/185 228 184.5 5.8 6541.7 CityDev 803 -32 842/794 1095 794 9.7
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME New Silkroutes 440,432,800 Ezra 320,587,300 Global Logistic 264,926,400 Noble 241,813,900 Olam Intl 227,753,100 Market volume 7,310,113,000 VALUE DBS Grp 648,019,976 Olam Intl 622,034,462 Global Logistic 543,730,220 Singtel 478,636,970 UOB 281,803,366 Market value 6,524,237,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 293 -1 2385 297/289 355/287 293/295 IS MS INDIA US$ US698 +30 1181 698/658 1000/648 694/696 87.3 IS Asia BND US US1023 -2 358 1033/1021 1096/1019 -/1038 DBXT MSCHINA US$ US1251 +32 161 1257/1211
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    • Article
      Lock icon COMPANY MEETINGS
      125 8 COMPANY MEETING PLACE DATE TIME Brooke Asia Ltd A Enterprise Room Raffles City Conv Centre (Lvl 4) 80 Bras Basah Rd 22-Sep 2.30pm Sunningdale Tech Ltd E Raffles Hotel S'pore 1 Beach Road Casuarina Suite B (Lvl 3) 22-Sep 3.00pm CH Offshore A 7 Shenton Way Singapore Conference
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 18 VALUE CLOSE BT OB/OS 15.00 -2.00 BT CADI -*****.00 +89.00 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 672.45 +3.51 FTSE ST Small Cap 409.87 +5.54 FTSE ST All Share 693.10 -1.90 FTSE ST China Top 166.88 -1.18 FTSE ST China 201.01 -3.10 FTSE
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Sept 18,2015 1,713.96 +9.14 (+0.54%) Current streak 1 day Week high 1,731.97 Week low 1,697.79 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 TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 241,535 241,535 400,463 400,463 Manufacturing 760,782 214,277 975,059 535,342 7,186 542,528 Commerce 1,030,904 216,969 1,247,873 1,103,371 28,783 1,132,154 Tpt/Stor/Comms 815,302 11,585 826,887 859,072 898 859,970 Finance 112,157 105 112,262 1,328,819 18 1,328,837 Construction 96,282 15,915
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    • Article
      Lock icon Timing of rate hike likely to drive pound’s direction
      410 9  -  CURRENCIES By Bryan Lum T The writer is a forex dealer at Phillip Futures LESS than six months ago, the UK economy looked confident that it was on its way to recovery. However, after a wave of growth jitters and a
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Sep 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 4.611 0.634 5.616 47.714 104.683 0.866 8.423 3.064 1.133 75.626 33.639 1.009 9.591 0.694 23.414 25.745 0.465 0.725 Canada 1.054 4.859
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Sep 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0084 1.0096 0.7245 0.7249 Canadian dollar 1.0625 1.0636 0.7637 0.7634 Euro 1.5915 1.5930 1.1435 1.1438 NZ dollar 0.8902 0.8916 0.6396 0.6402 Sterling pound 2.1708 2.1728 1.5597 1.5601
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Sep 18 S$ Bid Offer 1-month 1.3934 1.3945 2-months 1.3938 1.3950 3-months 1.3957 1.3967 6-months 1.3993 1.4011 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 9 Sep 18 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9517.50 9670.00 9477.50 9502.50 *****3 *****4 Oct15 9297.50 9460.00 9275.00 9297.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****7 Mar16 *****.00 *****.00 *****.00 *****.00 46 487 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 9 Most active Sep 18 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 13.4 -3 ***** 0.1 1860 5 FTSEChinaA50 ***** MBeCW*****7 13.2 -3 ***** 0.0 --2 UOB MB eCW*****1 12.9 -1.4 ***** 0.1 2080 4
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 18 Index Change Change Change Change Change Change World Preliminary 1242.1 -1.1 -2.6 -1.3 0.9 -0.8 -4.1 EAFE Preliminary 980.3 -1.7 -0.7 -1.5 1.7 -1.0 -3.4 Europe Preliminary 1370.6 -1.9 -0.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Sep 18 $S Offer Bid 0vernight 0.05 0.03 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.03 US$ 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 9 Sep 18 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 9 Sep 18 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.85 101.90 101.90 5-Year N*****0S 2.000 01-Jul-20 99.29 99.28 99.15 10-Year NX*****Z 2.375 01-Jun-25 97.11 97.31 96.95 15-Year NZ*****F 2.875 01-Sep-30 98.57 98.88 97.90 20-Year NZ*****V 3.375 01-Sep-33 105.22
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 Sep-18 Price Net change change Last Trade Agricultural Sep-18 CBOT Soybeans (US cents/bu) 867.25 -17.25 -1.95% 13/11/2015 CBOT Soybean Oil (US cents/lb) 26.05 -0.62 -2.32% 14/10/2015 CBOT Wheat (US cents/bu) 486.75 5.25 1.09% 14/12/2015 Sep-18 LIFFE Cocoa (£/tonne) 2208.00 11.00 0.50% 14/12/2015 LIFFE Coffee (US$/tonne) 1556.00 -8.00 -0.51%
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      • Article
        Lock icon PALM OIL
        57 9 Sep 18 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2045.0 2054.0 2063.0 2018.0 320 6678 Nov 15 2095.0 2094.0 2110.0 2062.0 8236 ***** Dec 15 2132.0 2128.0 2150.0 2095.0 ***** ***** Jan 16 2165.0 2164.0
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    • Article, Illustration
      Lock icon Where change is the only constant
      993 10  -  Digital marketer webnatics constantly reinvents itself to create competitive advantages By Sheena Tan btnews@sph.com.sg Singapore DIGITAL marketer Webnatics has an unusual name. “There is no such English word,” said chief executive officer Wilfred Chua, referring to the company’s name, a blend of the words
      PHOTO: SHAWN TEO  -  993 words
    • Article
      Lock icon PRIME LENDING RATES
      252 10 Sep 18 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 Bank of East Asia 6.00 Bank of China Limited 5.50 Bank of Tokyo-Mitsubishi 5.50 Banque Internationale a 5.75 Bank of Singapore BNP Paribas
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1150 10 Payment Ex Rec Pay Ann (cts) date date date date 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 2015) dp 0.135 04-Aug 06-Aug 23-Sep 29-Jul Asian
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1317 10 Consensus No. of Forecast Mean Fri’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 10.54 0.93 0.65 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 11.45 1.68 1.34 ARA Asset Mgt 1.25 1.25 2 0.09
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    • Article
      Lock icon SGX MAINBOARD
      2216 11 Week Ended: Sep 18 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil 82 42 8Telecom vol Week Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 134 -1.5 ***** 142 133 1 8.3 849.8 LOW 183 137 ARA
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    • Article
      Lock icon SGX CATALIST
      450 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol 1 0.3 t Advanced Systems 0.5 unch 100 0.5 0.5 13.2 High week Low Div C'vr GrYld Net P/E MCap 35 57.5 32 t Atlantic Nav t
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    • Article
      Lock icon SGX ETF
      189 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 79.4 CIMB APAC Div US$ US81.9cd -1.3 0 81.9 81.9 8.6 1440 991 CIMBASEAN40 S$D 1133 unch 0 1133 1133 1087 700 CIMBASEAN40 US$ US800 unch 1 800
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      323 5 a s Ya m T is r A r r At Aviva Investors, we believe it's time to think differently. That's why our entire organisation is united behind one common goal -to deliver the specific outcomes that matter most to today's investor. By harnessing the exceptional breadth and depth of
      323 words
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      383 6 O m 12™ 16™ W CORPORATE governance OCTOBER 2015 www. sias. org. sg/cgweek2015 ORGANISED BY SI/ s Securities Investors Association (Singapore) SAVE THE DATE! BaEB SINGAPORE CORPORATE GOVERNANCE WEEK BOARDS AND SHAREHOLDERS PARTNERS OR ADVERSARIES? www.sias.org.sg/cgweek2015 Scan QR Code to register online SIAS 6th Singapore CGWeek Available now via androidappon
      383 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      28 7 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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      Lock icon Page 7 Advertisements Column 2
      127 7 Until 30 September 2015, enjoy a special $288* account opening promotion. Take the next step in trading at IG.com/sg/SG50 or call us at +65 *****118. Losses can exceed your deposits. Ensure you understand the risks and costs involved with CFD and FX trading by reading the Risk Disclosure Statement at
      127 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      160 9 Enjoy zero-commission trading and tight spreads*. Trade Forex with Phillip Futures 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 *Terms and conditions apply. This advertisement is for general information only and does not constitute a recommendation, offer or solicitation to buy or sell any
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  • Page 10 Advertisements
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      79 10 This company is one of the 14 finalists of the Emerging Enterprise Award 2015. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2015 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover of S$15 million or less.
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  • Page 11 Advertisements
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      107 11 i SGX Academy Sharpen your investment acumen through classroom and online courses. Singapore Exchange The Financial Analysis Techniques’ workshop helps you identify and interpret key financial ratios to make meaningful assessments of your investment choices. Date 17 18 October 2015 Time 10am-5pm Venue SGX Centre, Level 2 For more information,
      107 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Miami condo market swings back to boom time
      1203 12 The city is undergoing an explosion of stylish and sophisticated luxury multimillion-dollar projects WP Miami WITH condominium prices in the Miami market climbing to US$50 million or more, broker Peggy Fucci has taken up ever more aggressive marketing efforts to find qualified
      WP; PHOTO: BLOOMBERG  -  1,203 words
    • Article, Illustration
      Lock icon Construction at NY buildings declared ‘vacant’ for work riles their tenants
      1090 12 NYT New York THE complaints to the city from 292 Bedford Ave in Brooklyn read like dispatches from chaos. “They have huge piles of dust and concrete, which is getting tenants sick,” one said. “Caller’s apartment is vibrating, and
      NYT; PHOTO: NYT  -  1,090 words
    • Article
      Lock icon DB Platinum
      9 12 Crod Branchen Stars R1C-A 14/09/2015 212,45 EUR
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      120 12 PRIME STRATA OFFICE UNITS FOR SALE INTERNATIONAL PLAZA CEAEstateAgent Licence No. L*****58I heng fatt property pte ltd Rare Investment Opportunity to acquire office units swimming pool on the 36th floor of International Plaza, 10 Anson Road, Singapore Direct connection to Tanjong Pagar MRT Station Nearby major expressways Highest office floor
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Singapore after the GE
      4033 14 THIS WEEK’S TOPIC: What changes, if any, should the 2015 general election results spell for policymaking in Singapore? How would the GE outcome shape the political landscape here? Dhirendra shantilal Board Director and Head, Asia-Pacific Fircroft Group MORE than anything the election results are an endorsement
      FILE PHOTO  -  4,033 words
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  • Page 15 Advertisements
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      554 15 LEARN THE BEST PRACTICES TO IMPROVING BUSINESS EXCELLENCE 2015 MAN U FACT URINGSOLUTIONS EXPO Empowering Business Productivity with Solutions yL "LikeUs"on Facebook! Manufacturing SolutionsExpo Suntec Singapore Convention Exhibition Centre Halls 401 -402 30 Sep-2 Oct 2015 J Operating Hours: 30 Sep 7 Oct (10 am to 6 pm) 2 Oct
      554 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Global uncertainty delays US hike
      1288 16 But muted inflation is expected to be temporary, says Federal Reserve chair Janet Yellen CHAIR YELLEN: “Good afternoon. As you know from our policy statement released a short time ago, the Federal Open Market Committee reaffirmed the current 0 to 0.25 per cent target range
      PHOTO: REUTERS  -  1,288 words
    • Article, Illustration
      Lock icon Fed inaction seen as a ‘hawkish pause’
      577 16 BEFORE the Federal Open Market Committee (FOMC) meeting, the market was considering three scenarios: a “dovish hike”, a “hawkish pause” and a “dovish pause”. The FOMC obviously paused, but there is some debate if it was a hawkish or dovish pause. Personally, we
      FILE PHOTO  -  577 words
    • Article, Illustration
      Lock icon Top four myths of central banks
      844 16 IN a Sept 4 blog post, New York University finance professor Aswath Damodaran argues that the Fed’s influence is overrated. The following is an edited version: “I think that the Fed’s role in setting interest rates is vastly overstated, and that this fiction is
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      105 16 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
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  • BANKING & FINANCE
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      Lock icon ‘Goldman Sachs of China’ finds itself in Beijing’s cross hairs
      1237 17 Govt looks into failure to stem a market fall that wiped out US$5 trillion in stock gains NYT Hong Kong WITH its market dominance, banking talent, global ambition and sterling political connections, Citic Securities fancied itself the Goldman Sachs of
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      Lock icon Next wave of UK Libor charges seen targeting Euribor traders
      474 17 BLOOMBERG London FRESH charges in the UK Libor rigging investigation may target traders linked to the benchmark’s euro counterpart, with prosecutors focusing efforts on that strand of the probe in recent weeks. The UK Serious Fraud Office (SFO) has interviewed
      BLOOMBERG; PHOTO: BLOOMBERG  -  474 words
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      63 17 FROM THE HEART OF EURASIA FLY TO KAZAKHSTAN AND BEYOND Beijing Almaty Bangkok Almaty Kuala Lumpur-Almaty 5 a week 7 a week 3 i* a week Beijing Astana Bangkok Astana Ho Chi Minh Almaty 3 a week 2 a week 2 zf- a week •<£ air astana Hong Kong Almaty
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      163 17 NANYANG TECHNOLOGICAL UNIVERSITY RSiS Nanyang Technological University S. RAJARATNAM SCHOOL OF INTERNATIONAL STUDIES Hie S. T. Lee Distinguished Annual Lecture “Japan’s Security and Foreign Policy under Prime Minister Abe” by Professor Takashi Shiraishi President, National Graduate Institute for Policy Studies (GRIPS); and President, Institute of Developing Economies-Japan External Trade Organization
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  • ENERGY & COMMODITIES
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      Lock icon Mining job cuts hit African leaders ahead of polls
      812 18 International miners in Zambia, South Africa, Congo laying off thousands in light of global commodities slump REUTERS Johannesburg WHEN Canada’s Barrick Gold said it would close its copper mine in Zambia if the government imposed a sharp hike in mineral royalties,
      REUTERS  -  812 words
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      Lock icon Biggest IPO in Denmark’s history may price Dong at S$14.9b
      635 18 BLOOMBERG Copenhagen DENMARK is preparing what may become the biggest initial public offering (IPO) in the nation’s history as it sets a road map for the sale of state utility Dong Energy. The government is giving itself a maximum of
      BLOOMBERG; PHOTO: BLOOMBERG  -  635 words
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      131 18 p i (m} editor's choice B Q, SCiSO sets social media abuzz all over the world: Meltwater study Download the new Business Times apps for free. IMOUtATHK* (t I 1 Q s!iL E PAPER (PDF) THE BUSINESS TIMES Saw > STAY AHEAD WITH The hi sivtxs Times newsletter M'lH I'MIi*'*.'
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  • TECHNOLOGY
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      Lock icon US, China negotiate cyber arms control deal
      1486 19 Both agree on no first-use of cyberweapons to cripple infrastructure during peacetime NYT Washington THE United States and China are negotiating what could become the first arms control accord for cyberspace, embracing a commitment by each country that it will not be the
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      2518 19 GuocoLeisure Limited A Member of the Hong leong Group (Continued in Bermuda as an exempted company) (Co. Reg. No. *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 54th Annual General Meeting (“AGM”) of GuocoLeisure Limited (“Company”) will be held at Orchard Hotel Singapore, Orchard Ballroom 1,
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  • CONSUMER
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      Lock icon US organic meat sales lag that of fruit, vegetables
      982 20 Producers of organic meats and grains struggle with high prices of commodity crops WP Washington ORGANIC food is seizing shelf space in the fresh food sections of grocers but struggling to break into the bread and meat aisles. Sales of organic
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      Lock icon Warner Bros plans China film venture
      563 20 AFP REUTERS Shanghai US entertainment giant Warner Bros plans a venture with China Media Capital (CMC) to develop films for distribution in China and globally, according to a statement on Sunday, as Hollywood seeks a greater share of the massive market. The new venture
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      Lock icon Cable companies offer alternatives to the bloated bundle
      730 20 WP Washington THE best alternatives to the cable bundle may be coming out of the cable companies themselves. Since Verizon Communications in April introduced cheaper, slimmeddown bundles of just dozens of TV channels as opposed to hundreds the company said on Thursday
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      89 20 Wine, Dine Hospitality Highlights Let there be Champagne Lighten up your month of September at Atrium Lounge where you can enjoy free flow of bubblies available daily from 6pm to 10pm. Savour exquisite flavours of Nomine Renard Brut NV. delicate bouquets of Nomine Renard Rose NV as well as Blanc
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      232 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF TRANSOIL INVESTMENTS PTE LTD (Incorporated in Singapore) (Unique Entity Number: *****0885K) (the “Company”) At an Extraordinary General Meeting of the Company held on 16th September 2015, the Special Resolutions set out below
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      98 21 Big Jubilee Fun BiggerWalk BiggestGoodieBag Be part of the SG50 celebrations and walk away with GOODIES WORTH $880, including a commemorative medal, a limited edition T-shirt, spa and beauty treats Relive the past, appreciate the present, relish the future Be one with Singapore, walk as one, be part of the
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  • GOVERNMENT & ECONOMY
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      Lock icon China still an attractive business prospect for Japan firms: Jetro
      727 22  -  Japan trade body expresses optimism ahead of PM Abe’s upcoming summit meeting with President Xi By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE businessmen based in China continue to take a relatively optimistic view of the country’s overall economic prospects despite the
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      Lock icon FBI probes allegations of money laundering at 1MDB
      485 22 Kuala Lumpur The US Federal Bureau of Investigation (FBI) has launched an investigation into allegations of money laundering at troubled Malaysian state fund 1Malaysia Development Berhad (1MDB), The Wall Street Journal reported on Sunday, citing an unidentified source. The scope of the
      485 words
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      Lock icon Wave of crises puts European dream at risk
      708 22 AFP Brussels The EU’s founding father Jean Monnet wrote in his memoirs that “Europe will be forged in crises” but a recent storm of troubles risks tearing the continent apart instead of bringing it together. From a flood of refugees, to the
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      Lock icon Women promoted in Turnbull’s extensive Cabinet reshuffle
      615 22 Number of women increased from two to five; some key Abbott allies from party’s right wing left out AFP Canberra NEW Prime Minister Malcolm Turnbull appointed Australia’s first female defence minister on Sunday as he filled more key posts with women in a
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      Lock icon KPMG reviewing Swiss unit’s audits of Fifa finances
      281 22 REUTERS Zurich AUDITING firm KPMG has launched an internal review of its Swiss business over audits of world soccer body Fifa’s financial record keeping, a spokesman said on Sunday. KPMG Switzerland’s audits for Fifa were being scrutinised “in consultation” with parent company,
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      73 23 CALL FOR NOMINATIONS SINGAPOREAN OF THE YEAR 2015 Do you know someone or a group whose inspiring or extraordinary acts have made the local community a better place? The Straits Times Singaporean Of The Year Award, in partnership with UBS, seeks to honour the positive impact made by this person
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  • TRANSPORT
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      Lock icon China launches new rocket for carrying satellites
      435 24 AFP Shanghai CHINA on Sunday launched a new type of rocket, which will primarily be used for carrying satellites aloft, state media reported, as the country races ahead with an ambitious space programme. The Long March-6, a newly developed carrier rocket which uses
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      Lock icon Clean air group finds Volkswagen cheating on emissions test
      880 24 vw admits building defeat device software into half a million of its diesel cars from 2009 to 2015 BLOOMBERG REUTERS Southfield, Michigan IT DIDN’T add up. The Volkswagens were spewing harmful exhaust when testers drove them on the road. In the
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      Lock icon SHIPPING TIMES
      1722 26 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 PG BTM PKL SUR JKT NOBLE SW 1 60 2/10 4/10 SEA CORAL 73 60 8/10 9/10 10/10 14/10 MOUNT AKABOSHI
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      107 26 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via spn Shiaritime.coM Ahoy there! If you are in a business pertaining to any sector
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      79 26 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
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      Lock icon Flights of fancy
      1086 27  -  Labyrinth’s chef Han Li Guang assaults the senses with his Willy Wonka approach to local cuisine. BY JAIME EE BY JAIME EE REOPENING Labyrinth 8 Raffles Avenue #02-23 Esplanade Mall Tel: 6223-4098 Open for lunch and dinner Mon to Sun: 12pm to 2.30pm; 6.30pm to 10.30pm IN,
      PHOTOS: JOHN HENG  -  1,086 words
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      514 27 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
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  • LIFE & CULTURE
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      Lock icon Oktoberfest opens in Munich with refugee crisis on doorstep
      716 28 Six million revellers are expected at the world’s biggest beer festival, along with a refugee influx AFP Munich MUNICH tapped the keg last Saturday on the world’s biggest beer festival, Oktoberfest, with six million revellers expected just as the German city
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      Lock icon Novelist Jackie Collins dies at 77
      673 28 NYT New York JACKIE Collins, the best-selling British-born author known for her vibrant novels about the extravagance and glamour of life in Hollywood, died on Saturday in Los Angeles. She was 77. The cause was breast cancer, her family said in a statement. “It
      NYT; PHOTO: REUTERS  -  673 words
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      Lock icon The Pope’s push for change stirs anxiety and hope
      1056 28 NYT Vatican City DAYS after the election of Pope Francis, word reached the Vatican press office that the new pontiff was unexpectedly celebrating morning Mass. Other popes had presided over morning services, too, but as the world (and the Vatican press
      NYT; PHOTO: AFP  -  1,056 words
  • Page 28 Miscellaneous
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      338 28 CRYPTIC CROSSWORD Across 1 Irish broadcaster’s brogue ultimately wearing thin this may be considered unlucky (8) 5 Check then decline cost (6) 9 Was jumper found in H&M loo? (8) 10 Call work flipping imaginative (6) 12 Masculine minced pork pies (9) 13 Dispense with non-universal kind of strike (5)
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