The Business Times, 3 September 2016

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Microfilm: NL33961
Total Pages: 41
1 32 The Business Times
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      59 1 VENTURES BEYOND THE KITCHEN Former chefs hit the big time with F&B forays L2-4 DINING Departures in the F&B scene L5 DINING Whisky enters the mainstream L6-7 PHOTOS: SPRING SINGAPORE DESIGN Click with new online furniture stores L8-10 BEAUTY WELLNESS Spa wars L12-13 GADGETS The new Huawei P9 and Sony
      59 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon VENTURES BEYOND THE KITCHEN
        2001 2 / 3  -  They say if you can’t take the heat, get out of the kitchen. But in the case of four chefs/restaurateurs, branching out into other aspects of the F&B business has proved to be more of a boom than a bane. By David Yip By David Yip
        PHOTOS: SPRING SINGAPORE  -  2,001 words
      • Article, Illustration
        Lock icon Turning the page
        1206 5  -  Several familiar names in the F&B scene are leaving their comfort zones to make it on their own, BT Weekend finds out more By @RachelLoiBT rachloi@sph.com.sg Rachel Loi By Avanti Nim avantin@sph.com.sg By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Going places RAYMOND Lim may not be a chef
        FILE PHOTO  -  1,206 words
      • Article, Illustration
        Lock icon Make mine whisky
        1075 6 / 7  -  Whisky is fast gaining popularity as the tipple of choice for a younger set who like it on the rocks, neat or with a splash of water. By Rachel Loi By Rachel Loi ON the rocks, neat, with a twist, a splash of water, etc. There are
        1,075 words
      • Article, Illustration
        Lock icon Bottoms up
        522 6 / 7  -  By Rachel Loi @RachelLoiBT rachloi@sph.com.sg The Whisky Distillery 2 Orchard Turn, ION Orchard, #04-23 Open 10am to 10pm daily Z6634 3318 THE story behind Christopher Lee’s The Whisky Distillery is one that’s as old as time he fell in love with whisky, developed a passion bordering on obsession,
        522 words
    • DESIGN
      • Article, Illustration
        Lock icon CLICK FOR DECOR
        2264 8 / 9  -  Furniture and home accessories do a roaring trade online. BT Weekend susses them out. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT SWEDE SPOT Mobler www.moblersingapore.com/ SWEDISH sisters Emelie and Ellen Heden are 33 and 25 years of age respectively, but they have a passion for things much older
        PHOTOS: MOBLER; PHOTOS: BIBLIOTEK  -  2,264 words
    • GADGETS
      • Article, Illustration
        Lock icon Sony misses the big picture
        742 11  -  The Xperia X may be a souped-up iteration of older Sony phones but the new features pale in comparison to the big brands. By Sherwin Loh By Sherwin Loh Sony Xperia X AS the latest Sony Xperia phone to hit the market, the Xperia X
        742 words
      • Article, Illustration
        Lock icon Huawei powers on
        631 11 sherwinl@sph.com.sg @SherwinLohBT Huawei P9 EVEN though only a small number of smartphone users can be considered good photographers, many consumers take a phone’s camera as a benchmark for a phone’s overall appeal. This belief has led handset makers to partner with camera brands, and the most notable
        PHOTO: HUAWEI  -  631 words
    • BEAUTY / WELLNESS
      • Article, Illustration
        Lock icon SPA WARS
        2232 12 / 13  -  From face spas to medispas to aesthetic clinics, BT Weekend takes the guesswork out of navigating the network of face-saving options available today. By May Yip By May Yip GORGEOUS skin is big business in Singapore, with beauty spas raising the bar with news of increasingly advanced facial
        2,232 words
    • MOTORING
      • Article, Illustration
        Lock icon KEEP PACE
        658 14  -  The Jaguar F-Pace 3.0 S is the most powerful version of the capable crossover. By Samuel Ee samuelee@sph.com.sg JAGUAR’S first sport-utility vehicle (SUV) model is what happens when everyday utility is added to the brand’s already sporty DNA. Mechanically, the F-Pace performance crossover is based on the XE
        658 words
      • Article, Illustration
        Lock icon Power to Porsche
        627 15  -  The second-generation Porsche Panamera is so new, only its gran turismo concept and badge have been carried over. By Samuel Ee By Samuel Ee samuelee@sph.com.sg MORE power, more comfort, and best of all, more aesthetic appeal. In fact, the second-gener-ation Porsche Panamera is so new that the
        627 words
    • BT CORPORATE GOLF LEAGUE 2016
      • Article, Illustration
        Lock icon Team SunMoon play catch up
        256 16  -  With the highest stableford score of the round, the team is at the top of the league table. By Justine Moss THERE may have been a rain delay during the fifth round of The Business Times Corporate Golf League, but it was all sunshine and
        256 words
      • Article, Illustration
        Lock icon Making its debut swing in the league
        589 16 THIS is Banyan Tree Hotels Resorts’ first year participating in The Business Times Corporate Golf League, and it was perfect timing, says Paul Wilson, team captain and Banyan Tree assistant vice-president/ group golf director for Laguna Golf. “Laguna Golf is being renovated and
        589 words
      • Article, Illustration
        Lock icon Networking on the greens for first-timers
        252 16 THIS year marks Team SAS Institute’s first year of participation. Says team captain Tan Poh Choo: “At SAS, we believe that our people are our greatest assets; therefore, keeping our people happy and productive in and out of the workplace is essential. In fielding
        252 words
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES w w w usinesst ime .com. g| GSEPTEMBER 3-4, 2016 S$1.20| MCI (P) 066/08/2016 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    23 words
  • Article
    Lock icon PM meets Xi Jinping in Hangzhou
    33 1 GOVERNMENT THE Chinese president says that Singapore could play a useful role in the seven provinces and cities that were recently designated as free trade zones. 4
    33 words
  • Article
    Lock icon Marina One gains from ‘flight to efficiency’
    994 1  -  So too Guoco Tower, which is said to have reached over 70% in pre-commitment level By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRE-COMMITMENT leases and rents for upcoming prime offices are picking up as occupiers are warming to these upcoming swanky buildings with large
    994 words
  • Article, Illustration
    Lock icon S’poreans are old hands at using crowdfunding tool Kickstarter
    696 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg@JacCheokBT Singapore KICKSTARTER may have been officially launched in Singapore this week, but local creators and backers have been among the most passionate, supportive users of the New York-based crowdfunding site for seven years already. Its spokesman told
    Compiled by BT  -  696 words
  • Article
    Lock icon S’pore manufacturing stabilising
    31 1 ECONOMY THE purchasing managers’ index in August rises to 49.8 from July’s 49.3, as production lines slowly whirred to life in response to local and foreign demand. 7
    31 words
  • Article
    Lock icon Telco stocks hit by 4th-player bids
    37 1 CORPORATE THREE companies express their interest to bid at an upcoming airwave auction to become Singapore’s fourth telco, driving the incumbents’ share prices down by up to 5.6 per cent. 10
    37 words
  • Article
    Lock icon Beijing probes 2 takeover bids
    33 1 INVESTMENT THE high-profile takeover proposals involve US companies, signalling its growing influence on whether deals are approved even those that appear to have little impact in China. 23
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-7 Design L8-10 Gadgets L11 Beauty/Wellness L12-13 Motoring L14-15 BT Corporate Golf
      51 words
    • Article
      Lock icon August hiring steady at 151,000 jobs despite lacklustre growth
      611 2 Fed officials will have to weigh jobs data as they decide whether to raise benchmark rate for first time in 2016 LATEST US DATA Bloomberg Reuters Washington COMPANIES kept adding to payrolls in August while measures of slack in the labour
      Bloomberg; Reuters  -  611 words
    • Article
      Lock icon MARKETS
      136 2 HSTI 2,803.92 (-12.55) HSTI FUTURES 2,804.00 (-13.00) HSIMSCI 308.04 (-1.45) HSIMSCI FUTURES 307.90 (-1.60) STOCKS Friday Change KL COMP 1,671.79 +1.24 NIKKEI 225 16,925.68 -1.16 HANG SENG 23,266.70 +104.36 SET 1,521.48 -18.23 JAKARTA 5,353.46 +18.91 MANILA 7,807.42 +34.11 KOSPI 2,038.31 +5.59 SHENZHEN B 1,167.75 +4.64 MUMBAI 28,532.11 +108.63 11.45
      136 words
    • Article, Illustration
      Lock icon PM meets Xi Jinping on sidelines of G-20 meeting
      415 4  -  President Xi says Singapore can play useful role in China’s seven new free-trade zones SINGAPORE-CHINA TIES By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Chongqing, China PRIME Minister Lee Hsien Loong began his four-day visit to China on Friday by meeting Chinese President Xi
      PHOTO: MINISTRY OF COMMUNICATIONS AND INFORMATION  -  415 words
    • Article, Illustration
      Lock icon S’pore firms urged to seize Chongqing opportunities
      481 4  -  By Lee U-Wen leeuwen@sph.com.sg@LeeUwenBT Chongqing, China THE chiefs of some of Singapore’s largest companies are in the Chinese city of Chongqing to learn more about the many business opportunities opening up there as the new bilateral project between Singapore and China starts to
      481 words
    • Article, Illustration
      Lock icon Leaders hold talks in ‘paradise on earth’
      658 6  -  Among the pressing issues are how to lower trade costs and boost trade in services g-20 summit By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Hangzhou, China THE scenic lakeside city of Hangzhou, hailed by Chinese officials as a “paradise on earth”, is where some of
      PHOTO: REUTERS  -  658 words
    • Article, Illustration
      Lock icon China’s big show in Hangzhou
      203 6 The leaders of 19 major economies and the European Union are in the eastern Chinese City of Hangzhou for the annual G-20 Leaders' Summit, which takes place on Sunday and Monday. Singapore is not a G-20 member, but will participate in the summit as one
      Sources: Trading Economics, The Conversation; BTGraphics: Lee U-Wen, Andrea Lee & Angeline Ngiam  -  203 words
    • Article, Illustration
      Lock icon Lessons on bee-ing innovative
      833 7 SATURDAY SOAPBOX kellytay@sph.com.sg @KellyTayBT Correspondent TALK about causing a buzz. A new invention from Australia is promising honey “on tap” turning conventional beekeeping on its head, stinging an entire industry of veterans, and raking in millions of dollars in the process. It’s disruption at its finest,
      833 words
    • Article, Illustration
      Lock icon Singapore manufacturing inches towards stabilisation with August PMI at 49.8
      400 7  -  By Soon Weilun soonwl@sph.com.sg@SoonWeilunBT Singapore THE pace of contraction in Singapore’s manufacturing sector slowed towards stabilisation in August, as production lines slowly whirred to life in response to local and foreign demand. Noticeably, the electronics cluster, which forms the bulk
      Source: Singapore Institute of Purchasing & Materials Management  -  400 words
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  • Article, Illustration
    Lock icon Rise of Asia a boon for SAP
    790 3  -  SAP is bullish about Asia Pacific and the president of this region, Adaire Fox-Martin, is excited about the boundless opportunities that lie in wait around the corner. PRODUCED BY CONTENT GROUP INTERNATIONAL WWW.CONTENTGROUPINTERNATIONAL.COM There is no such thing as "a typical day” for
    790 words
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      Lock icon Page 5 Advertisements Column 1
      358 5 L. Learn about sleeping disorder, snoring, fatigue, and sinus problems from Dr Dennis Chua, Ear, Nose and Throat (ENT) consultant specialist, with more than 10 years experience in treating patients for ENT related issues. Learn about prevention, detection and treatment for heart related diseases and stroke from Dr Michael Lim,
      358 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Building icons of tomorrow
      2342 8 / 9  -  Michael Issenberg, CEO of AccorHotels Asia Pacific, sees room for growth following milestone acquisition of FRHI. By Nisha Ramchandani By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT ON his first trip to Singapore back in 1985, Michael Issenberg paid a visit to the hotel which would later be known
      PHOTO: YEN MENG JIIN  -  2,342 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Incumbents’ stocks tumble on 4th telco bids
      687 10  -  Citi analysts say that chances of another player emerging now very high HOT STOCK By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SINGAPORE’S three incumbent telcos took a hammering in the stock market on Friday after three other companies expressed their interest to bid at
      Source: Bloomberg  -  687 words
    • Article
      Lock icon Singapore Medical Group shares soar in heavy August trading
      469 10  -  By Renald Yeo yrenald@sph.com.sg Singapore SHARES and trading of specialist healthcare provider Singapore Medical Group (SMG) have rocketed in the month of August, a report by the Singapore Exchange (SGX) revealed. The counter, which gained 91.4 per cent over the month,
      469 words
    • Corporate digest
      • Article
        Lock icon Ausgroup
        59 10 OIL and gas subcontractor AusGroup has halted trading upon request by Singapore Exchange regarding an article in the press. AusGroup said that it will review the article to see if further disclosure is required. On Friday, BT reported that holders of its S$110 million bonds that fall due on
        59 words
      • Article
        Lock icon SunMoon Food Company
        34 10 SUNMOON Distribution Trading a subsidiary of SunMoon Food Company has incorporated a wholly owned subsidiary in China, called Taian SunMoon International Trading Co. Taian SunMoon has an issued capital of US$800,000.
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    • Article, Illustration
      Lock icon STI ends week 54 pts lower on looming US rate hike, entry of 4th telco
      433 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE likelihood of US interest rates being raised sooner rather than later and the possible entry of a fourth telco in Singapore weighed on sentiment this week, dragging
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    • Article
      Lock icon GAINERS
      74 11 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5802 89.7 1.2 5878/4629 JMH USD 6065 88.4 1.1 6188/4500 GLD US$ ***** 70.7 0.4 *****/***** DBXT China50 US$ 3140 53.0 1.3 3211/2355 JSH USD 3276 36.7 0.8 3360/2524 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.2 100.0 0.1 0.7/0.1
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    • Article
      Lock icon MOST ACTIVE
      35 11 VOLUME OUE HTrust 117,647,700 Annica 100,100,000 APAC Strategic 84,381,100 Noble 71,322,000 Singtel 55,353,300 Market volume 1,706,659,000 VALUE Singtel 214,286,071 OUE HTrust 76,518,686 JMH USD 51,543,792 DBS Grp 42,867,148 UOB 37,524,899 Market value 1,068,220,000
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    • Article
      Lock icon LOSERS
      74 11 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -55.7 -0.3 *****/***** DBXT Vietnam US$ 2426 -53.0 -1.6 2533/2017 DBXT MSTHAI US$ 2037 -43.5 -1.5 2107/1419 IS ASIA HYG S$D 1475 -24.0 -1.6 1507/1407 StarHub 347 -16.0 -4.4 397/324 BY PERCENTAGE CLOSE DOWN 52w high/low Yangziji MB eCW*****
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    • Article
      Lock icon Swiber white knight may come from outside industry
      666 11  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE ongoing judicial management (JM) proceedings of beleaguered Swiber Holdings have granted debt holders extra time to explore the possibility of a softer landing against unrelenting headwinds in the offshore and marine (O&M) industry. This
      666 words
    • Article
      Lock icon STI STOCKS
      302 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 unch 246/243 257 209 6.3 6809.1 CapitaCom Trust 156.5 +0.5 157.5/154.5 159 127 5.5 4628.3 CapitaLand 307 unch 310/306 340 267 12.3 2.9 *****.9 CapitaMall Trust 214 -2 216/212 225 185
      302 words
    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US740 +4 356 740/733 772/575 737/740 92.5 STI ETF 286 328 287/285 314/254 285/286 DBXT MSTHAI US$ US2037 -32 25 2062/2037 2107/1419 2035/2044 DBXT MSINDO us$ US1434 +14 24 1434/1416 1534/911 1429/1435
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      829 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 29 Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Miyoshi Ltd 01-Sep-16 Sin Kwong Wah Buy 1379 0.03 ***** 17.90 ***** 18.20 Miyoshi Ltd 01-Sep-16 Pek
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      189 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 3 0 0 0 5 6 3 Manufacturing 26 32 24 8 9 10 34 41 34 Commerce 19 17 10 2 3 7 21 20 17 Tpt/Stor/Comms 11 15 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,021 9,021 24,395 24,395 Manufacturing 80,493 185,237 265,730 72,356 1,144 73,500 Commerce 99,106 32,108 131,214 123,834 573 124,407 Tpt/Stor/Comms 125,568 373 125,941 314,842 36 314,878 Finance 41,307 41,307 122,193 122,193 Construction 20,182 339 20,521 799
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Sep 2 VALUE CLOSE BT OB/OS -321.00 -93.00 BT CADI -*****.00 -42.00 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 677.91 +0.02 FTSE ST Small Cap 378.58 +0.79 FTSE ST All Share 690.60 -1.76 FTSE ST China Top 154.49 -1.45 FTSE ST China 186.00 -2.13 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 VOL CLOSE($) CHANGE Union Steel 51.2 0.420 +0.080 +23.53 Infinio 5,192.2 0.001 -0.002 -66.67 Atlantic Nav 67.0 0.173 -0.020 -10.36 ASTI 4,436.2 0.022 -0.003 -12.00 Nico Steel 2,148.9 0.005 -0.003 -37.50 Acesian Partners 1,000.4 0.026 +0.002 +8.33 SingaporeKitchen 100.0 0.082 -0.018 -18.00 Progen 4.0 0.073 -0.076 -51.01 Mirach
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Sep-1 Price Net change change Last Trade Agricultural Sep-1 CBOT Soybeans (US cents/bu) 959.00 -1.00 -0.10% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.20 -0.27 -0.83% 14/09/2016 CBOT Wheat (US cents/bu) 368.25 7.25 2.01% 14/09/2016 Sep-1 LIFFE Cocoa (£/tonne) 2311.00 -48.00 -2.03% 15/09/2016 LIFFE Coffee (US$/tonne) 1826.00 33.00 1.84%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Sep 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 16 2797.0 2829.0 2829.0 2797.0 131 3629 Oct 16 2614.0 2667.0 2670.0 2607.0 1064 ***** Nov 16 2543.0 2595.0 2598.0 2538.0 ***** ***** Dec 16 2509.0 2556.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      63 13 Sep 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.3 106.33 106.30 5-Year NX*****X 2.250 01-Jun-21 104.35 104.41 104.30 10-Year NX*****F 2.125 01-Jun-26 103.26 15-Year NZ*****F 2.875 01-Sep-30 109.99 110.20 109.90 20-Year NZ*****X 2.250 01-Aug-36 102.01 30-Year NA*****H
      63 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Sep 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0247 1.0258 0.7539 0.7544 Canadian dollar 1.0368 1.0375 0.7630 0.7628 Euro 1.5211 1.5222 1.1191 1.1195 NZ dollar 0.9900 0.9909 0.7284 0.7288 Sterling pound 1.8045 1.8057 1.3276 1.3280
      155 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      117 13 Straits Times Index Source: Bloomberg YTD change: -2.73% 52-week high: 3,083.07 on Oct 26,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: +6.17% 52-week high: 23,266.70 on Sept 2,2016 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite
      Source: Bloomberg  -  117 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      210 13 Most active Sep 2 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 11.7 0.4 ***** 0.0 0 Ntegrator Intl Ltd W*****3 0.3 unch 4000 1 1 4.33 26 DBS MB eCW*****1 10.7 -0.2 3540 0.1
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Sep 1 Index Change Change Change Change Change Change World Preliminary 1302.9 -0.3 2.0 -0.3 -1.0 -0.1 3.3 EAFE Preliminary 971.2 0.0 -4.2 0.3 -5.4 0.5 -1.3 Europe Preliminary 1389.2 -0.3 -1.7
      377 words
    • Article
      Lock icon Asiatravel’s ‘greying’ placement deal gets a whitewash
      553 14  -  HOCK LOCK SIEW B y Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THERE is something going on at ailing Asiatravel.com Holdings’ much-delayed S$100 million share-place-ment lifeline from a Shen-zhen-listed white knight and it reeks of a “whitewash”. The online travel firm said three weeks ago that
      553 words
    • Article
      Lock icon Keppel FELS signs heads of agreement to define Russian anchor projects
      295 14  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL FELS has signed a heads of agreement (HOA) with Rosneft and MHWirth to define the anchor projects to be pursued by the tripartite joint-venture company (JVCo), Zvezda-Keppel Design and Engineering Center.
      295 words
    • Article
      Lock icon Debao to be removed from SGX watch list
      100 14 Singapore DEBAO Property Development will be removed from the Singapore Exchange (SGX) watch list with effect from Sept 5, 2016. The China-based property play has been on the watch list since March 3 this year. Debao on Friday announced that the company
      100 words
    • Article
      Lock icon Yanlord to redevelop land in Zhongshan through acquisition
      248 14  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore YANLORD Land Group has entered a strategic alliance with a subsidiary of state-owned China Resources Land Ltd for primary land development in Zhongshan, Guangdong. This was achieved through a 64 million yuan (S$13 million) acquisition of
      248 words
    • Article
      Lock icon Park Hotel Group makes foray into South Korea
      197 14  -  By Nisha Ramchandani nishar@sph.com.sg @N isha BT Singapore THE Park Hotel Group has inked a management contract with the Seoul-based K2 Group to operate the Park Hotel Yeongdeungpo, which will be its first hotel in South Korea. The 150-room hotel, located in
      197 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Oxley to develop medical hub in Chongqing
      473 15  -  Lijia Health City will occupy 533,000 sq m and include a hospital, specialist clinics, residences and nursing homes By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Chongqing, China SINGAPORE property developer Oxley Holdings has signed a major deal to develop an integrated medical hub in the
      473 words
    • Article
      Lock icon Housing cancellations up following Brexit vote: McCarthy & Stone
      293 15 Housing cancellations up following Brexit vote: McCarthy Stone Reuters Bengaluru MCCARTHY Stone Plc, Britain’s biggest builder of homes for retired people, said it had seen fewer new house reservations and an increased level of cancellations following the country’s vote to leave the European Union. The company said on Friday it
      Reuters  -  293 words
    • Article
      Lock icon Househunt
      1270 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 20 AND JULY 26, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 12 NON-LANDED Ava Twr Apt 20/07/2016 FH 1281 1168 912 Calarasi Apt 26/07/2016 FH 1206 1200 995
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      145 15 The Few. The Proud. Probably The Most-Wanted. 3 ReasonsWhyYouwillLOVETHIS. This exclusive Good Class Bungalow possesses your all time favourite traits of your dream home Elevated. Wide Frontage. Private. Yet accessible. AND, call us now for the4th reason!SOMETHING exciting is brewing in Ewart Parkthat makes this GCB special and extremely rate
      145 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon US banks need better defences against rates shock: regulators
      856 17 Gap between long-term loans and short-term funding means higher rates could trap them Reuters Washington YEARS of stubbornly low interest rates and expectations that they will remain low for years to come have prompted US banks to shift their balance sheets
      Reuters; PHOTO: BLOOMBERG  -  856 words
    • Article
      Lock icon Entrenched elitism in UK banking sector: report
      271 17 Bloomberg London ENTRENCHED elitism in the UK banking industry blocks people from lower-income backgrounds, according to a report by a government advisory body. Half of the City of London’s top investment bankers are educated at fee-paying schools, even though less than 7 per
      Bloomberg  -  271 words
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      Lock icon Page 17 Advertisements Column 1
      453 17 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KNG PROPERTIES PTE LTD COMPANY REG. NO: 2011-*****-H (IN VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of KNG PROPERTIES PTE LTD duly held and convened at
      453 words
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  • TECHNOLOGY
    • Article
      Lock icon Samsung recalls Note 7 phones globally for battery fault
      367 19 Sales of the phone will be halted in 10 countries where it has been launched, including S’pore Bloomberg Seoul SAMSUNG Electronics Co is recalling its Galaxy Note 7 smartphones because of a faulty battery and announced a global replacement programme with
      Bloomberg  -  367 words
    • Article, Illustration
      Lock icon Home robots, drones top trends at IFA tech fair
      546 19 AFP Berlin BERLIN’S mega consumer electronics fair IFA opens its doors to the public on Friday, offering a dizzying array of high-tech goods from home robots to surround sound systems to drones. Some tech giants are also seeking to define what
      AFP; PHOTO: AFP  -  546 words
    • Article
      Lock icon Google shelves plan for smartphone with interchangeable parts: sources
      333 19 Reuters San Francisco ALPHABET Inc’s Google has suspended Project Ara, its ambitious effort to build what is known as a modular smartphone with interchangeable components, as part of a broader push to streamline the company’s hardware efforts, two people with knowledge
      Reuters  -  333 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Digital upheaval sweeping Australia food service industry
      910 20 Competition heating up with UberEats entry Reuters Sydney AFTER three decades running McDonald’s Corp restaurants, Tony Plunkett thought he knew everything about flipping burgers for a profit, and last year went out on his own with a startup franchise in the Australian city
      Reuters; PHOTO: REUTERS  -  910 words
    • Article
      Lock icon Vietnam govt to sell its stake in country’s two top breweries
      406 20 Reuters Hanoi VIETNAM’S government has said that it will fully divest from its two biggest breweries and target raising US$2.2 billion over the next 16 months, loosening its tight grip over one of Asia’s most sought-after beer markets. The
      Reuters  -  406 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon In China’s green car boom, global players choose different gear
      687 21 They say that the electric goals may prove to be too costly, too risky, too far from demand Reuters Tianjin BY 2020, Beijing says, carmakers must meet tough new green standards to cut epic pollution in China’s cities. As domestic
      Reuters; PHOTO: REUTERS  -  687 words
    • Article
      Lock icon Car market becomes a hard sell in US
      704 21 Bloomberg Southfield, Michigan THE car market that once invigorated the US economy has become a tough sell, with every major carmaker missing analysts’ estimates for August in a further sign that the industry’s six-year growth run has hit the end of the
      Bloomberg  -  704 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Territorial dispute dominates Abe-Putin meeting in Vladivostok
      1037 22  -  There was relatively little mention of economic issues between Japan and Russia By Anthony Rowley btworld@sph.com.sg Tokyo SETTLEMENT of a territorial dispute that has restricted economic cooperation between Japan and Russia since World War II appeared to move a step closer to resolution
      PHOTO: AFP  -  1,037 words
    • Article
      Lock icon Beijing probes 2 high-profile takeover bids
      490 23 Move underscores country’s tough stance on firms that strike deals without its approval Reuters AFP Beijing THE Chinese government said on Friday it was investigating two high-profile takeover proposals involving US companies, the latest sign of its growing influence on whether deals are approved
      Reuters; AFP  -  490 words
    • Article, Illustration
      Lock icon Sturgeon launches new Scottish independence drive after Brexit
      713 23 Reuters Stirling, Scotland THE Scottish National Party (SNP) is to send out thousands of its faithful to measure the appetite for independence, leader Nicola Sturgeon announced on Friday, raising the political stakes further as Britain decides how it will leave the European
      Reuters  -  713 words
    • Article, Illustration
      Lock icon Jobs elusive in India despite rapid growth
      747 24 Economy not expanding fast enough to create sufficient new jobs to absorb those joining workforce every month Reuters New Delhi IT’S been two years since India emerged as the world’s fastest-growing major economy, but the rapid expansion has done little to improve the
      Reuters; PHOTO: REUTERS  -  747 words
    • Article
      Lock icon Indonesia tycoons’ support for tax amnesty boost plan’s credibility
      322 24 Bloomberg Jakarta TWO of Indonesia’s wealthiest men said they will participate in a government-led tax amnesty to clear their past omissions, boosting the credibility of the programme. James Riady, the son of Lippo Group’s founder, arrived at the Jakarta tax office
      Bloomberg  -  322 words
    • Article, Illustration
      Lock icon China to display growth playbook at Hangzhou G-20 summit
      1403 25 But its fiscal spending strategy comes with costs of heavier debt and overcapacity Bloomberg Beijing GROUP of 20 leaders meeting in Hangzhou this weekend will encounter a manicured, booming city transformed by billions of dollars in infrastructure investment that includes underground
      Bloomberg; PHOTO: REUTERS  -  1,403 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      49 23 HOT PROPERTY TELOK KURAU. LOR N. 5676 sf Orig cond.Serious Seller. Near ECP, Still Rd, East Coast Rd ASKING $3.3M ONLY! Siglap Hilltop 2sty 3240sf near MRT Move-in or A&A/ Rebuild. Don't Miss! LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
      49 words
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  • OPINION
    • Article, Illustration
      Lock icon Losing the art of human communication
      1577 26 / 27  -  The reliance on the Internet and the devices we use to access its capabilities is causing social and commercial problems. By David Mason By David Mason ~The writer, a retired partner of a Big Four audit firm, is a business communications consultant in the
      PHOTO: FREEIMAGES  -  1,577 words
    • Article
      Lock icon No stand-out presidential candidate
      862 26 / 27  -  By John Kornblum ~The writer is a former US ambassador to Germany and senior counsellor at Noerr LLP, and a member of the Official Monetary and Financial Institutions Forum advisory board. OMFIF Nashville EUROPEANS often ask me: What would happen if Donald Trump were actually elected?
      OMFIF  -  862 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Rekindling China’s animal spirits
        1650 28 / 29  -  The onus of sustaining GDP growth at the government’s 6-7% range will rest on public-sector investment. By Chi Lo WEALTH INSIGHTS By Chi Lo ~The writer is senior economist at BNP Paribas Investment Partners CHINA’S gross fixed capital formation has been falling since 2010, driven mainly
        Sources: CEIC, BNPP IP (Asia)  -  1,650 words
      • BROKERS' TAKE
        • Article
          Lock icon Sembcorp Marine | REDUCE
          255 28 / 29 Sembcorp Marine REDUCE CIMB Research, Sept 2 Target price: S$0.90 Sept 2 close: S$1.23 In FTSE Russell’s latest quarterly review, Sembcorp Marine (SMM) (about 0.5 per cent weightage) has been excluded from the Straits Times Index (STI). Jardine Matheson Holdings (JM) will be added. JM was removed in 2008 during
          255 words
        • Article
          Lock icon Singapore telcos | UNDERWEIGHT
          179 28 / 29 Singapore telcos UNDERWEIGHT UOB KayHian Research, Sept 2 Mundane Singapore has attracted three potential bidders to be its fourth mobile operator MyRepublic, airYotta and TPG Telecom. airYotta has transformed itself to discard links to discredited ConsisTel. Australia-based TPG Telecom was a surprising foreign entrant. Many doubters are expected to be
          179 words
        • Article
          Lock icon Singapore property
          238 28 / 29  -  Compiled by Kenneth Lim Credit Suisse, Sept 2 MAS announced tweaks for total debt servicing ratio (TDSR) for refinancing of existing home loans. For refinancing of owner-occupied property, borrowers who purchased after the introduction of TDSR in June 2013 will now be exempted. For refinancing of investment property
          238 words
      • Article, Illustration
        Lock icon Negativity about the global outlook is driving gold
        877 30  -  Gold price is rising, yet central bankers are cutting gold purchases. Here’s why. By William Pesek By William Pesek Barron’s Asia THERE’S a certain irony to the Group of 20 (G-20) powers gathering in gold-ob-sessed China this weekend just as they’re turning
        Barron’s Asia; PHOTOS: BLOOMBERG  -  877 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Citi raises S$450,000 for ChildAid
      319 31  -  Money will be split evenly between The Straits Times School Pocket Money Fund and The Business Times Budding Artists Fund By Renald Yeo yrenald@sph.com.sg Singapore IT was a hole-in-one: good food, a round of golf, and close to half a million dollars raised for disadvantaged
      319 words
    • Article
      Lock icon US artists explore emotional response to Sept 11
      466 31 Reuters New York ARTIST Christopher Saucedo, dressed in black, stood with his hands in his pockets next to his mixed media artwork at the National September 11 Memorial Museum in Manhattan. His brother Gregory, a firefighter, died in the line of duty
      Reuters  -  466 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      333 31 CRYPTIC CROSSWORD Across 1 Airport area that’s packed I’m clear to move ahead (7,7) 9 Film about a leader in trouble getting abuse (8) 10 Correct pieces penned by journalist (5) 12 Promise kept by goatherd (4) 13 Savvy old comedian following Whitehall, say (10) 15 One styling short hint
      333 words
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