The Business Times, 23 September 2015

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Microfilm: NL33614
Total Pages: 36
1 36 The Business Times
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  • Title Section
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    58 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 Wednesday, September 23,2015 THE BUSINESS TIMES ssi.oo S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg |j Z ©BTBreakingnews CO REGN
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  • Article
    Lock icon MARKETS
    27 1 MARKETS Tuesday Change STI 2,868.47 -13.80 KL COMP 1,635.37 -4.10 NIKKEI 225 CLOSED HANG SENG 21,796.58 +39.65 SHENZHEN B 1,044.65 +1.33 DOW (11.45 EDT) 16,234.73 -275.46
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  • Article, Illustration
    Lock icon MAS to tighten rules on gold buyback and landbanking schemes
    1074 1  -  The changes aim to make it harder for providers of controversial products to reach out to less sophisticated investors By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE will regulate investment schemes such as gold buybacks and collective landbanking after 2016, making
    BT Graphics Text: Kenneth Lim  -  1,074 words
  • Article
    Lock icon Launch of cluster heralds exciting new chapter in 3D printing for S’pore
    524 1  -  Namic to help startups and spinoffs commercialise their IP and access incubators and skilled manpower By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE is making a big statement about its 3D-printing ambitions for the manufacturing sector with the announcement
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  • Article, Illustration
    Lock icon DAILY DIGEST
    170 1 The New York Times reports that a US federal grand jury is examining allegations of corruption involving Malaysian Prime Minister Najib Razak and people close to him. TOP STORIES 4 The younger children of Lee Kuan Yew and the Singapore government are in court over the custody and
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      46 1 8 "*****1 *****4 VOLKSWAGEN SCANDAL Tip of iceberg; industry may suffer fallout TOP STORIES 4 SGX CLOSING PRICES In response to growing interest in stock investing, BT is collaborating with SGX to publish closing prices of SGX-listed stocks in the Companies and Markets section page 12
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      26 1 GOVERNMENT LAND SALE Lor Lew Lian site up for tender real estate 14 STRAIT TALK improve efficiency or move to new types of fuel TRANSPORT 26
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      36 1 MONEY MATTERS Fed was dovish as expected. Now, to take profit EXECUTIVE MONEY 32 CASHLESS PAYMENTS DBS’s first-of-its kind app will allow customers to place F&B orders and make payments through their phones TOP STORIES 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon DBS disrupts national pastime: queuing for food
      534 2  -  Bank’s first-of-its kind app will allow customers to place F&B orders and make payments through their phones CASHLESS PAYMENTS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS wants to take cashless payment to more hawker centres and quickserve restaurants in Singapore, as it gears
      534 words
    • Article
      Lock icon Citi, EZ-Link launch corporate ERP payment solution
      407 2  -  EZ-Reload Corporate Service will change the way firms manage their fleet of vehicles, they say By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CITIBANK Singapore on Tuesday announced a partnership with EZ-Link to offer a seamless automatic top-up solution for the payment of Electronic Parking
      407 words
    • Article
      Lock icon Sales growth the key priority in next phase of productivity
      565 2  -  Government launches Second Retail Productivity Plan, spanning 2016-2020 By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore AS the retail sector moves into its next phase of productivity improvements, businesses must focus not just on operational efficiency but also on driving top-line growth,
      565 words
    • Article
      Lock icon NYT: US grand jury probing Najib-linked graft allegations
      634 4  -  Inquiry will focus on real estate in US bought by shell companies belonging to his stepson, close family friend By Pauline Ng btworld@sph.com.sg Kuala Lumpur A US federal grand jury is examining allegations of corruption involving Malaysian Prime Minister Najib Razak and
      634 words
    • Article, Illustration
      Lock icon 1MDB objects to Zeti’s comments, says it is not responsible for ringgit’s weakness
      576 4 BLOOMBERG Kuala Lumpur 1 MALAYSIA Development Bhd (1MDB) said that it should not be held responsible for the ringgit’s weakness, objecting to comments by central bank governor Zeti Akhtar Aziz. The resolution to issues surrounding the debt-ridden
      BLOOMBERG; PHOTO: BLOOMBERG  -  576 words
    • Article, Illustration
      Lock icon Volkswagen scandal may be tip of iceberg; industry may suffer fallout
      850 4  -  By Neil Behrmann btworld@sph.com.sg London AN escalation of the Volkswagen’s emissions scandal has become a “black swan” event. It has precipitated worries about the economic impact of a major global industry, a slide in global car company and supplier
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    • Article
      Lock icon Lee Kuan Yew’s younger children, government in court over interviews
      589 6  -  Estate executors Wei Ling, Hsien Yang want copies of transcripts of interviews given by Mr Lee to Oral History Dept By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore A COURT case is underway between the two younger children of Lee Kuan Yew
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    • Article, Illustration
      Lock icon Smaller audit firms urged to improve risk analysis
      482 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AUDIT firms were urged to further improve the quality of their audits, after the industry regulator’s inspections turned up mixed results: improvements in some areas, and recurring deficiencies in others. The annual report by the Accounting
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    • Article
      Lock icon Women workers hold key to boosting Asian growth, says ADB
      718 6  -  By Anthony Rowley btworld@sph.com.sg Tokyo AS growth slows across “emerging” Asia and other developing regions and without conventional economic or financial remedies at hand to reverse the situation, more official voices are urging the use of woman power to bolster
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    • Article, Illustration
      Lock icon Foreign-currency debt looms again as a problem for emerging Asia: ADB
      826 6  -  By Anthony Rowley btworld@sph.com.sg Tokyo IN tones reminiscent of the onset of the Asian financial crisis of 1997, the Asian Development Bank (ADB) on Tuesday warned countries in the region to “limit reliance” on foreign debt as global capital
      PHOTO: BLOOMBERG  -  826 words
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      173 2 Post-Graduates Take your career to greater heights with a master’s degree that’s highly commend Established alumni networks. Better future prospects. In your favour. r The University of Nottingham UNITED KINGDOM CHINA MALAYSIA Master of Business Administration Master of Business Administration in Finance Intake: November (Part-time) Top 1% of all universities
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      17 2 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • Page 4 Advertisements
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      68 4 IP*" SAVE A MINIMUM OF 20% ON OUR ENTIRE SOFA AND ARMCHAIR COLLECTION B&B wnnM m m K ,v. m www.bebitalia.com B&B Italia Tufty-Too sofa Was from S$15,525 Now from S$12,420 spacefurniture.asia Space Furniture B&B Italia J.J. armchair Was from S$7,370 Now from S$5,896 Open 10.30am to 8.00pm daily 77
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  • COMPANIES & MARKETS
    • Article
      Lock icon Rowsley to turn Iskandar project into healthcare cluster
      500 7  -  Peter Lim’s real-estate vehicle is to develop a specialist hospital and long-term care facilities among other things By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore BILLIONAIRE Peter Lim’s real-estate vehicle Rowsley has decided against waiting for the Iskandar residential market to recover. Citing “prevailing
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    • Article
      Lock icon YuuZoo appoints new CEO
      206 7 Singapore SINGAPORE-listed YuuZoo Corporation is appointing James Sundram as chief executive officer, starting Oct 1. As CEO of YuuZoo, Mr Sundram will have full profit and loss responsibility for all YuuZoo operations, and will manage the company in line with policies, goals and objectives established by
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    • CORPORATE DIGEST
      • Article
        Lock icon ST Engineering
        64 7 SINGAPORE Technologies Engineering has incorporated new companies overseas under the “Keystone” name, with three in the UK and two in Ireland. Keystone serves as a holding company for aircraft leasing investments. In Singapore, the group has incorporated a subsidiary called Keystone Holdings (Global). This comes after ST Aerospace
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      • Article
        Lock icon Lizhong Wheel Group
        87 7 ALUMINIUM alloy wheel maker Lizhong Wheel Group’s directors have flagged that its free float has dropped below the 10 per cent mark to 6.83 per cent as at 5pm on Sept 21. This comes after Berkley International launched a conditional cash offer for the shares in Lizhong
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      • Article
        Lock icon Swee Hong
        48 7 SWEE Hong said it has received the High Court’s approval to convene a meeting of some of its creditors by Oct 19 to approve a debt restructuring scheme. Notice of the meeting and despatch of the scheme document to creditors will take place by Sept 28.
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    • Article, Illustration
      Lock icon CAO core jet fuel biz still strong despite slowdown
      730 8  -  Company will grow with the market, says CEO, since the global civil aviation industry is on an uptrend and Asia is the fastest-growing region By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore DESPITE the economic slowdown in China, China Aviation Oil (CAO) will
      FILE PHOTO  -  730 words
    • Article, Illustration
      Lock icon Singtel least likely to be affected by fourth telco: UOB Kay Hian analyst
      1079 8  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN THE event that a fourth telco operator emerges in Singapore, after the spectrum bidding planned early next year, Singapore Telecommunications (Singtel) could be the least affected among the three
      Source: UOB Kay Hian  -  1,079 words
    • Article, Illustration
      Lock icon Silver Lake co-founder starts new firm to manage his own wealth
      945 9 James Davidson’s Paxion Partners is structured in a way that would permit it to eventually manage outside capital, including money raised from wealthy clients BLOOMBERG Washington JAMES Davidson, a co-founder of Silver Lake Management, is starting an investment firm
      BLOOMBERG; PHOTO: BLOOMBERG  -  945 words
    • Article, Illustration
      Lock icon STI erases gains in volatile trade
      700 10  -  Plunge in Dow futures, weak Europe opening lead to loss of 13.8 points after an earlier gain of 20 points STOCKS By sivan@sph.com.sg R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index’s movements on Tuesday were dictated first by the performance of the China and
      Source: Bloomberg  -  700 words
    • Article
      Lock icon STI STOCKS
      304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 -1 230/222 271 213 6.5 5693.5 CapitaLand 278 -2 284/277 379 267 10.2 3.2 *****.2 CapitaMall Trust 189.5 -1 194.5/189 228 184.5 5.7 6576.4 CityDev 794 -15 809/792 1095 792 9.5
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    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME IHC 214,715,100 Healthway Med 106,330,000 Ezra 64,107,900 LionGold 45,409,900 Ying Li Intl 41,040,800 Market volume 1,611,896,000 VALUE DBS Grp 109,236,191 Singtel 80,949,638 OCBC Bank 61,777,687 Global Logistic 60,525,961 Keppel Corp 46,529,987 Market value 1,048,607,000
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    • Article
      Lock icon SGX ETFs
      110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 291 -3 308 295/291 355/287 291/292 Nikko AM STI ETF 297 -3 301 300/297 422/288 295/298 7.2 ABF SG Bond ETF 113 102 113/113 123.5/110.2 112.9/113 515.8 UETF SSE50China 221 +2 54 225/219 340/151
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Sep 22 VALUE CLOSE BT OB/OS 200.00 +108.00 BT CADI -*****.00 -16.00 BT 10-day MA -*****.00 +20.00 FTSE ST Mid Cap 670.37 +0.51 FTSE ST Small Cap 407.92 -0.44 FTSE ST All Share 692.35 -1.22 FTSE ST China Top 168.69 +0.98 FTSE ST China 204.30 +0.40 FTSE
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      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index Sept 22,2015 692.35 -1.22 (-0.18%) Current streak 1 day Day high 699.60 Day low 691.72 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24, 2015)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Sept 21,2015 1,698.97 -14.99 (-0.87%) Current streak 2 days Day high 1,710.82 Day low 1,698.97 52-week high 1,949.49 (May 15, 2015) 52-week low 1,671.12 (Sept 4, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 1 0 0 0 7 6 1 Manufacturing 34 39 36 8 7 9 42 46 45 Commerce 21 16 10 5 10 2 26 26 12 Tpt/Stor/Comms 12 15 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 23,411 23,411 90,874 90,874 Manufacturing 118,391 95,400 213,791 91,156 2,802 93,958 Commerce 91,936 72,766 164,702 60,308 8,572 68,879 Tpt/Stor/Comms 163,634 30 163,664 169,905 2 169,907 Finance 22,238 1 22,239 239,300 239,300 Construction 20,964 5,157 26,121
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    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low JMH USD 4760 84.8 1.3 6788/4502 DBXT China50 US$ 3004 56.5 1.3 4258/2750 DBXT MSINDIA US$ 962 39.6 3.0 1160/903 Lyxor US DJIA US$ 1667 38.2 1.6 1900/1605 JSH USD 2725 35.3 0.9 3703/2611 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2 100.0
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -520.0 -1.8 *****/***** DBXT MSTaiwan US$ 1918 -97.5 -3.5 2392/1788 GLD US$ ***** -53.7 -0.3 *****/***** DBXT ASX200 US$ 3162 -48.0 -1.1 4095/3112 Lyxor Europe US$ 1332 -48.0 -2.5 1583/1332 BY PERCENTAGE CLOSE DOWN 52w high/low New Silkroutes 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 10 VOL CLOSE($) CHANGE Ley Choon 707.9 0.047 +0.013 +38.24 Epicentre 239.0 0.210 +0.040 +23.53 Tung Lok Rest 284.5 0.105 -0.013 -11.02 LionGold 45,409.9 0.010 -0.002 -16.67 Ying Li Intl 41,040.8 0.169 +0.013 +8.33 LCD Global Inv 79.9 0.230 -0.045 -16.36 Nippecraft 25.0 0.035 -0.008 -18.61 China Hongcheng 584.9
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    • Article
      Lock icon BROKERS’ TAKE
      459 10  -  Compiled by Jamie Lee SATS Ltd Hold Sept 22 close: S$3.94 Target price: S$3.78 OCBC Investment Research, Sept 22 Changi Airport’s operating statistics showed sluggish performance for the Jan-July period, as the total number of passenger, air freight and aircraft movements came in flat year-on-year at 0.3 per
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    • Article
      Lock icon CALENDAR
      26 10 DATA I 1pm (Sept 23) Singapore Consumer Price Index I 4pm (Sept 23) Singapore COE Bidding Results I 8pm (Sept 23) US MBA Mortgage Applications
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    • Article
      Lock icon US$ nears 2-week high on fresh talk of rate hike
      415 11 CURRENCIES REUTERS London THE dollar touched an almost two-week high against a basket of major currencies on Tuesday after comments from Federal Reserve officials revived expectations that US interest rates will still be hiked later this year. The greenback has
      REUTERS  -  415 words
    • FOREX RATES
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        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Sep 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.945 4.551 0.639 5.534 46.871 103.512 0.857 8.420 3.062 1.129 74.481 33.265 1.009 9.636 0.695 23.405 25.647 0.462 0.714 Canada 1.058 4.815
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        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Sep 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0086 1.0095 0.7138 0.7142 Canadian dollar 1.0671 1.0678 0.7555 0.7552 Euro 1.5780 1.5792 1.1168 1.1172 NZ dollar 0.8930 0.8939 0.6320 0.6324 Sterling pound 2.1853 2.1865 1.5466 1.5469
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Sep 22 S$ Bid Offer 1-month 1.4146 1.4155 2-months 1.4159 1.4165 3-months 1.4179 1.4190 6-months 1.4218 1.4229 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 11 Sep 22 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 9.4 -1.6 7640 0.2 780 5 DBS MB eCW*****1 12 -0.5 6667 0.1 1860 5 FTSEChinaA50 ***** MBeCW*****7 15.1 0.6 5902 0.0 2 FTSEChinaA50
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Sep 21 Index Change Change Change Change Change Change World Preliminary 1241.3 0.5 -2.7 1.1 1.5 0.0 -4.6 EAFE Preliminary 981.9 0.2 -0.5 0.2 1.9 -0.9 -4.3 Europe Preliminary 1377.4 0.5 -0.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        377 11 Sep 22 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9650.00 9882.50 9617.50 9730.00 *****3 *****1 Oct15 9467.50 9737.50 9437.50 9580.00 ***** ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****8 Mar16 *****.00 0 482 MSCI TAIWAN INDEX FUTURES Sep15
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Sep 22 $S Offer Bid 0vernight 0.05 0.02 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.02 US$ 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 22 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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        Lock icon GOVERNMENT SECURITIES
        67 11 Sep 22 Sep 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.67 101.76 101.65 5-Year N*****0S 2.000 01-Jul-20 99.23 99.35 98.95 10-Year NX*****Z 2.375 01-Jun-25 97.11 97.25 96.65 15-Year NZ*****F 2.875 01-Sep-30 98.66 98.82 98.00 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        192 11 Sep-21 Price Net change change Last Trade Agricultural Sep-21 CBOT Soybeans (US cents/bu) 874.25 7.00 0.81% 13/11/2015 CBOT Soybean Oil (US cents/lb) 26.50 0.45 1.73% 14/10/2015 CBOT Wheat (US cents/bu) 496.75 10.00 2.05% 14/12/2015 Sep-21 LIFFE Cocoa (£/tonne) 2216.00 8.00 0.36% 14/12/2015 LIFFE Coffee (US$/tonne) 1533.00 -23.00 -1.48%
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      • Article
        Lock icon PALM OIL
        57 11 Sep 22 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2094.0 2116.0 2120.0 2093.0 240 5086 Nov 15 2133.0 2157.0 2172.0 2133.0 4732 ***** Dec 15 2161.0 2183.0 2201.0 2160.0 ***** ***** Jan 16 2198.0 2217.0
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    • Article
      Lock icon SGX MAINBOARD
      1906 12 Transaction date: Sep 22 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 136 +0.5 294 137.5 135.5 1 8.1 862.5 LOW 183 137 ARA
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    • Article
      Lock icon SGX CATALIST
      359 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 57.5 32 t Atlantic Nav t 3Cnergy 45.5 5 t BlackGoldNatural 24 10.2 t Brooke Asia
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    • Article
      Lock icon SGX ETF
      137 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 112 CIMB APAC Div S$D 117cd +1.6 0 117 117 Sale vol 4258 2750 DBXT China50 US$ US3004 +40 2 3004 3004 8.3 High 505 243 DBXT MSBrazil US$
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      503 7 <;im a SINGAPORE HUMAN CAPITAL SUMMIT i People Strategies for Asia: TRANSFORMING GROWTH 30 Sep-1 Oct 2015 Marina Bay Sands Singapore Asia's premier human capital and leadership conference Back for its seventh year, the 2015 Singapore Human Capital SUMMIT SPEAKERS INCLUDE: cmi Summit will feature a world-class line-up of speakers,
      503 words
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  • Page 8 Advertisements
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      50 8 BT Wine, Dine Hospitality Page save more than V +k? c 0 f U \\-c° XO For advertisement bookings and sales enquiries, please contact; Lawrence Chang 9229 4919 Janet Wee 9619 0208 Tan Ann Nee 9455 7786 Alisa Tan 9154 8381 Francis Yeo 9620 1356 Chitra Gunapala 9667 6463 S(h
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  • Page 9 Advertisements
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      342 9 7th BUSINESS EXCELLENCE GLOBAL CONFERENCE FUTURE-PROOFING YOUR ORGANISATION 13 14 October 2015 Resorts World Sentosa, West Ballroom The Business Excellence (BE) initiative provides organisations with a roadmap for excellence. It helps organisations to strengthen their management systems and processes for high performance through adopting the business excellence framework. The line-up
      342 words
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  • Page 12 Advertisements
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      79 12 SGX== SGX StockFacts Access stock fundamentals of all SGX-listed companies to generate ideas that suit your investment appetite. Plug into sgx.com/stockfacts now. Singapore Exchange i 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
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Lor Lew Lian housing site triggered for tender
      807 14  -  Commitment received to bid at least S$553 psf ppr for the 1.4 ha reserve list plot near Serangoon MRT By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FOR the first time in about 21 months, a private housing site on the reserve list of
      BT Graphics Source: URA  -  807 words
    • Article, Illustration
      Lock icon Hong Kong nowhere near housing crash despite August data, say analysts
      786 14 BLOOMBERG Hong Kong CHINA’S economy is slowing and stocks are crashing. The Federal Reserve is poised to raise rates, and Hong Kong’s de facto central bank is warning about “uncertainty” in the city’s all-important housing market, where transactions plunged
      BLOOMBERG; PHOTO: BLOOMBERG  -  786 words
    • Article
      Lock icon Australia Q2 home prices leap 4.7%, biggest quarterly gain in 5 years
      406 14 REUTERS Sydney HOME prices in Australia posted their biggest quarterly gain in over five years in April to June, led again by Sydney which logged its biggest rise on record. But data from the Australian Bureau of Statistics
      REUTERS  -  406 words
    • Article
      Lock icon China’s Greenland ties up with Mizuho
      185 14 BLOOMBERG Shanghai GREENLAND Holdings Corp, China’s biggest listed developer, said Mizuho Financial Group Inc will help it with debt financing as the builder seeks overseas investment. The Japanese lender will supply bond-market and international capital market services to Greenland, according to a statement from
      BLOOMBERG  -  185 words
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      150 14 Singapore INTERNATIONAL INDIAN SHOPPING FESTIVAL2015 SUNTEC CONVENTION CENTRE, Hall 403 404 r <4 m 24th 27th SEPTEMBER 2015 Time; 10am to 10pm I FREE ENTRY BIGGER AND BETTER Arts Crafts at Delhi Haat Attractive Prizes Kids Corner Celebrity Appearance By Rana Daggubati of "Bahubali"Fame on 26th September Meet Dance Singapore
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      160 15 ABP London at Royal Docks heralds a new commercial era. A state-of-the-art 4.7mil sq.ft headquarters economy especially for enterprises from Asia. A hub for growing trade between East and West, dubbed “London’s 3rd financial district” by Mayor of London, Boris Johnson. A key development within the post-Olympic £22bn “arc of
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  • BANKING & FINANCE
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      Lock icon Roller-coaster China stock ride scaring investors away
      735 16 Turnover plunges 22% as volatility soars in Shanghai BLOOMBERG Hong Kong PLUNGING turnover and the world’s wildest price swings mean that China’s stock market just keeps getting uglier for investors. The value of shares traded on mainland bourses has fallen to US$90 billion
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    • Article
      Lock icon Weak Aussie dollar lures foreign firms seeking M&A deals
      421 16 REUTERS Sydney FOREIGN suitors are bidding for Australian companies at a frenzied pace this year, spurred by a steady decline in the Aussie dollar against the US currency which is turning valuations reasonable. Last week’s US$1.6 billion all-cash approach by US
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    • Article
      Lock icon SEC settles with two ex-Fannie Mae execs
      330 16 REUTERS New York THE US Securities and Exchange Commission (SEC) has reached a settlement with two former Fannie Mae executives in one of its biggest lawsuits tied to the global financial crisis, but has yet to settle with former chief executive Daniel Mudd.
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      322 16 V-Lift from $800* Non Surgical No Needles No Downtime Effective Results Long Lasting Call +65 6235 1125 for your appointment today! Please quote “BT V-Lift”. *ierms&conditionsA PP i y FACE, BODY SKIN 1 Skin Rejuvenation I Brightening I Resurfacing I J aesthetics medical centre V-Lift I Body Contouring I Stretch
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      43 16 www.omy.sg FT® Facebook "Dislike" &II S tk Kl 9 0ft*0 M SCAN 8 WATCH more news.omy.sg m >*■ Buzz Talk 'ft*. ’H *1 5^ SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES
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  • ENERGY & COMMODITIES
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      Lock icon China’s declining coal trade could help climate push
      1268 18 But capitalizing on drop in coal demand would require major action from Beijing NYT Datong, China ACROSS China’s grimy coal heartland, mines have fallen silent, reduced production or shut down. Miners, owners and officials here wonder whether boom times will return for
      NYT; PHOTO: GILLES SABRIE/THE NEW YORK TIMES  -  1,268 words
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      Lock icon Dong CEO seeks banks for IPO as Denmark turns to Rothschild
      607 18 BLOOMBERG Copenhagen THE chief executive officer of Dong Energy is looking for banks to guide him through an initial public offering (IPO) that may include the divestment of the company’s oil unit. “We’ll invite various advisers to deliver bids
      BLOOMBERG; PHOTO: BLOOMBERG  -  607 words
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      1619 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) CAPITALAND AZABU WEST ONE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****6501K) (2) CAPITALAND AZABU WEST TWO PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co.
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  • STRATEGY SPOTLIGHT
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      Lock icon Negotiating a delicate balance
      1144 19  -  Crowdfunding needs the right regulatory framework to succeed as a source of funding for innovative ideas and businesses. BY FRANCIS KAN AS online crowdfunding platforms that allow new businesses to source financing from a wide range of backers gain popularity in Singapore, regulators need to strike
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      Lock icon An uncertain future
      172 19 EVEN as crowdfunding gains traction here, there will be uncertainty ahead for this new funding platform. According to Andrew Tinney, partner, financial services, KPMG, in Singapore, most firms will raise only modest amounts through this channel. The large number of investors involved also means any recipient needs
      172 words
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      138 19 2015 SINGAPORE 14 OCTOBER 2015 RAFFLES CITY CONVENTION CENTRE CPA CONGRESS :adership. strategy, business. CPA Congress 2015 helps you capitalise on the opportunities in an evolving international business environment. With a range of dynamic sessions presented by knowledgeable keynote speakers on major trends, there's something for business and finance professionals
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  • TECHNOLOGY
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      Lock icon Online message board 4chan sold to Japanese Web culture pioneer
      798 20 New owner Hiroyuki Nishimura founded 2channel, the website that inspired creation of 4chan NYT New York IF the Internet is the Wild West, you could call 4chan “The Good, the Bad and the Ugly”. Founded in 2003 by Christopher Poole,
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    • Article
      Lock icon Norway media firm building its digital presence
      305 20 BLOOMBERG Oslo SCHIBSTED ASA is going on the offensive to build its defences against the global behemoths of the Internet. The 176-year-old Norwegian media company, which runs online classified websites in about 29 countries worldwide, is working on developing more personalised products for
      BLOOMBERG  -  305 words
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      142 20 Download the new Business Times apps for free. V TIMOCRMHK.N (t I 1 Q s!iL 1 u E PAPER (PDF) [mj EDITOR'S CHOICE g Q THE BUSINESS TIMES ■IKS 1 Vnni*nUt* cut 3115 Sg£,'«r h SGSO sets social media abuzz all over the world: Meltwater study GOVERNMENT S ECCfooB Singapore’s
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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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  • CONSUMER
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      228 22 Your newspaper subscription comes with exciting rewards! r L, I 1 y fi liss rect iigW j i V < I' v. i ttl w THE STRAITS TIMES LIANHE ZAOBAO THE BUSINESS TIMES BERITA HARIAN THE NEW PAPER LI AN H E WANBAO TAMIL MURASU CUT OUT AND REDEEM THE
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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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  • GOVERNMENT & ECONOMY
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      Lock icon China can maintain ‘medium-high growth’: Xi
      912 24 It will stick with economic reforms, he says in remarks aimed at boosting global confidence in nation’s economy BLOOMBERG Beijing CHINESE President Xi Jinping said the nation’s reforms won’t be derailed by signs of economic weakness, and that the government is stepping up efforts
      BLOOMBERG; PHOTO: REUTERS  -  912 words
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      Lock icon Malaysia’s forex reserves rise again after months of decline
      377 24 REUTERS Kuala Lumpur MALAYSIA’S international reserves rose in the first two weeks of September in a welcome boost to the country’s weakened external position, indicating the central bank may have eased off slightly from defending an embattled ringgit currency. Currency reserves
      REUTERS; PHOTO: BLOOMBERG  -  377 words
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      Lock icon Malaysia’s opposition parties form new alliance
      371 24 REUTERS Kuala Lumpur THREE Malaysian opposition parties announced an alliance on Tuesday, forming a united front against the scandal-hit government of Prime Minister Najib Razak. While a political storm has raged around Mr Najib for months over alleged corruption and mismanagement at indebted state-fund
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    • Article
      Lock icon Indonesia suspends operations of four companies over haze
      468 24 Three palm oil plantation firms have had their permits frozen, one forestry company has had its licence revoked REUTERS AFP Jakarta INDONESIA has ordered four companies to suspend operations for allegedly causing forest fires that have sent thick smoke across a swathe
      REUTERS; AFP  -  468 words
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      Lock icon Trade body warns of failure to reach EU-US deal on derivatives
      393 24 REUTERS London FAILURE by European Union and US regulators to iron out differences in their derivatives rules would prompt “catastrophic” attempts by market users to pull out from American clearing houses, a senior industry official has warned. World leaders
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    • Article
      Lock icon Brazil’s currency hits record low on pessimism over budget
      360 24 BLOOMBERG Sao Paulo BRAZIL’S real fell to its lowest level since its introduction two decades ago on concern that President Dilma Rousseff won’t be able to shore up the country’s budget and avoid further credit-rating cuts. The currency sank to as
      BLOOMBERG  -  360 words
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      Lock icon Iran stagnating as shoppers delay purchases
      961 25 Consumers waiting for international brands to arrive but local manufacturers find it challenging competing with foreign goods with opening of market after nuclear deal REUTERS Dubai TWO months after Iran reached a nuclear deal that will open its markets to the world, officials are
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      Lock icon UK posts highest Aug deficit in 3 years as tax receipts fall
      441 25 BLOOMB ERG London BRITAIN posted the highest August budget deficit since 2012 as the tax take from individuals and companies dropped. Spending exceeded revenue by £12.1 billion (S$26.5 billion) compared with a deficit of £10.7 billion a year
      BLOOMBERG  -  441 words
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  • TRANSPORT
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      Lock icon Future shock
      781 26  -  The pressure is on to drastically improve efficiency or move to new types of fuel STRAIT TALK BY DAVID HUGHES ON Monday and Tuesday next week, a joint IMO-Singapore International Conference on Maritime Technology Transfer and Capacity Building will take place here. This two-day inaugural Fu-ture-Ready Shipping 2015
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      Lock icon Europe’s airlines increase jet fuel hedges to benefit from falling oil prices
      787 26 REUTERS London EUROPEAN airlines are exploiting a collapse in oil prices by hedging more of their fuel needs further into the future, but those that kept their powder dry before the rout are emerging as clear winners, industry
      REUTERS; PHOTO: AFP  -  787 words
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      Lock icon SHIPPING TIMES
      1915 27 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
      1,915 words
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      308 26 Am .HU b so sommuL bo smssm ,i0 5«uS VERY FAMOUS.VERY DUTCH VERY SMOOTH.VERY RARE met To experience tl)c effect of our beer luithunt luiliiim one. olnnb behind n policeman'® lioroc. lift it® toil, nnb insert on ice-cube. 3n absence of Ijorsc. policeman also can. EM K w W w,
      308 words
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      107 27 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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  • OPINION
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      Lock icon Via insurance or otherwise, cyber-attack risks must be managed
      581 28 EDITORIAL THE risk of cyber attacks looms larger by the day, and few companies and governments can afford to blithely ignore the potentially devastating damages. In 2014, for instance, over 83 million accounts of US bank JP Morgan Chase were compromised
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      Lock icon Cybersecurity remains bone of contention for US, China
      823 28  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 VIRTUALLY on the eve of President Xi Jinping’s visit to the United States, both the Chinese and American governments took steps
      823 words
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      Lock icon A VISIT OF GREAT IMPORTANCE
      1096 28  -  Xi Jinping’s state visit to the US is drawing global attention, reflecting his growing stature as a world statesman and the prominence China now enjoys in world affairs. BY ANDREW HAMMOND growing BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the
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      Lock icon A meeting of the two largest economic powers
      1025 29  -  COMMENTARY By Frank-Jürgen Richter T The writer, Frank-Jürgen Richter, is founder and chairman of Horasis, a global visions community CHINESE President Xi Jinping is visiting the US and meeting US President Barack Obama in the White House this week. They met in
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      Lock icon Fed rate decision highlights the need for a global central bank
      957 29  -  By Anthony Rowley By ACKNOWLEDGING that the US Federal Reserve took account of the fragile state of the global economy in not raising US interest rates last week, Fed chair Janet Yellen acted like the head of a global
      957 words
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      Lock icon WHEN WILL THE TIME BE RIPE TO RAISE RATES?
      1164 29  -  The best-case scenario for Fed policymakers will be unemployment rate falling under 4.9 per cent in a few months and inflation consequently rising close to 2 per cent By Leon Hadar IT IS true that quite a few observers on Wall
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  • LIFE & CULTURE
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      Lock icon Harvard grads make aiding the poor a new business
      1066 30 Their model shows giving cash directly to the very poor can be efficient and productive BLOOMBERG New York MICHAEL Faye and Paul Niehaus spent summers as Harvard graduate students trying to give cash to the poor in the villages of Kenya.
      BLOOMBERG  -  1,066 words
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      Lock icon 1 in 4 female undergrads sexually attacked in US
      819 30 NYT New York IN four years of college, about a fourth of undergraduate women at a large group at 27 leading universities are sexually assaulted by force or when they are incapacitated by alcohol or drugs, according to one of the
      NYT; PHOTO: GRETCHEN ERTL/THE NEW YORK TIMES  -  819 words
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      Lock icon China retailers take the showroom approach
      908 30 BLOOMBERG Hong Kong CHINESE gymnast Li Ning wowed the world with one of the highest double pikes in Olympic history to clinch a third gold medal at the 1984 Los Angeles Games. Now a sporting goods retailer, he is counting on another tactic to
      BLOOMBERG; PHOTO: ST CHINA BUREAU  -  908 words
  • Page 30 Miscellaneous
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      Lock icon Page 30 Miscellaneous Column 1
      302 30 CRYPTIC CROSSWORD Across 1 Passages from bands without style (8) 6 Work hard with an advertising jingle (6) 9 Complete clothing for touring around, but not the North (3-3) 10 It’s under and over a country’s jurisdiction (8) 11 Escort’s car phone broken (8) 12 Polite request to cheer up
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  • EXECUTIVE MONEY
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      Lock icon Sells outstrip buys in Singapore stocks
      483 31 GLOBAL mutual funds continued to sell far more Singapore stocks than they bought in the three months to Sept 16. Based on the top five stocks transacted, net sells came to S$1.55 billion overall, compared to net buys of S$879.7 million. This week we
      483 words
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      Lock icon Merged portfolio strategy pays off for Credit Suisse
      807 31  -  Net sales for both advisory and discretionary mandates up 200% in H1.BY GENEVIEVE CUA advisory H1.BY GENEVIEVE CUA AMERGING of advisory and discretionary portfolio services into a single portfolio solutions team appears to have found traction among Credit Suisse clients. Net new
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      Lock icon Fed was dovish as expected. Now, to take profit
      758 32  -  There is limited upside in equities here. The rally is likely to peter out soon, when the technical rebound runs out of steam. BY LIM SAY BOON MONEY MATTERS steam.BY LIM SAY BOON The writer is the chief investment officer of
      758 words
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      Lock icon Wall Street banks seek to monetise their analysts’ reports
      1231 32 BLOOMBERG New York WALL STREET banks may have finally hit on a way to pinpoint the value of analysts and squeeze more money from their research: Stop making it so easy to share. Bank of America Corp has started embedding analysts’
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,231 words
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      Lock icon Currencies go wild as Fed leaves traders in limbo
      686 32 BLOOMBERG New York FOREIGN-EXCHANGE volatility, already the highest in four years, looks set for an extended stay after the Federal Reserve rattled markets last week by not raising interest rates. With the central bank leaving the question of when it will
      BLOOMBERG; PHOTO: REUTERS  -  686 words
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      267 33 *****4 x: tv. y > ?v <>— f-iv V! I Jucrra**' —i PATEK PHILIPPE GENEVE Patek Philippe congratulates Singapore on the 50th anniversary of its independence. Patek Philippe is privileged to have worked alongside its partners in Singapore for the past fifty years and, in celebration of this milestone, has
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      204 34 H I m \7 3 PATEK PHILIPPE GENEVE We are commemorating the 50th anniversary of Singapore’s independence with three specially-commissioned unique dome clocks to be auctioned, with the proceeds donated to selected local initiatives. Ni •r. 'I ft 3 1 7 It 12 V 1 11 r 2 iO PATEK
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      170 35 s PATEK PHILIPPE GENEVE We wish to thank our valued partners, clients and friends for their support in the 50 years since Singapore’s independence. 7 3 f if S oil v 10 PATEK PHILIPPE 3 9 4 8 5 7 6 m < “Peranakan Culture” Dome table clock in cloisonne
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      66 36 PATEK PHILIPPE GENEVE T- v ■r t f f I V iK >*» X 1 >'• Patek Philippe looks forward to a further 50 successful years with its partners and friends in Singapore. L j* 7 f a a i A f la S l Mi --■i w//^* s i
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