The Business Times, 5 September 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33961
Total Pages: 24
1 24 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Monday, September 5, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    233 1 Countries in the G-20 need to take action and not just talk, says Chinese President Xi Jinping. TOP STORIES 2 Chongqing is an “ideal place” for Singapore’s third government-to-government project with China, says Prime Minister Lee Hsien Loong. TOP STORIES 2 Diamond Energy Merchants, a proponent of smart
    233 words
  • Article, Illustration
    Lock icon ‘Recession-proof’ stocks soar but doubts persist
    1816 1  -  Analysts differ over which stocks these are and whether some of them are overvalued By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WHAT makes a stock “recession proof”? It depends on who you ask. Some analysts might say consumer staples, telcos and transport companies qualify because
    ST FILE PHOTO  -  1,816 words
  • Article
    Lock icon PM Lee offers preview of elected presidency report
    927 1  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore IF there is no elected president from a particular racial group for a long period say, up to six terms then the following election will be reserved for that race if a qualified candidate presents
    927 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,803.92 -53.73 KL Comp 1,671.79 -11.30 Nikkei 225 16,925.68 +564.97 Hang Seng 23,266.70 +357.16 Shenzhen B 1,167.75 +6.25 Dow 18,491.96 +96.56
    25 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      37 1 *****1 *****1 THE BUSINESS TIMES PATEK PHILIPPE GENEVE Begin your own tradition. 1/ tf&PHIUpp GtNEVf 18 _s X *1 EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-07/08 Tel: 6737 5227 ‘I Calatrava Ref. 5153G
      37 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      17 1 GOING CASHLESS How ready is your organisation for an electronic payments society? VIEWS FROM THE TOP 14-15
      17 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      21 1 JANICE WONG SINGAPORE Sweet treats to indulge your inner child DINING OUT/23 TOPLINE Harvey Norman: A straight-talking retailer COMPANIES MARKETS 6
      21 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon G-20 must take action and not be a ‘talk shop’: Xi Jinping
      618 2  -  He says the group must fully play its role to keep the world economy on a track of prosperity and stability SINGAPORE-CHINA TIES By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Hangzhou, China COUNTRIES that make up the Group of Twenty
      PHOTO: MCI  -  618 words
    • Article, Illustration
      Lock icon Chongqing project significant for China-Singapore relations: PM Lee
      569 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Hangzhou, China THE southwestern Chinese city of Chongqing is an “ideal place” for Singapore’s third government-to-gov-ernment project with China, said Prime Minister Lee Hsien Loong on Sunday. He was in the busy metropolis over the weekend as
      PHOTO: MCI  -  569 words
    • Article
      Lock icon Venturecraft launches S$50m venture fund for medtech, ICT
      538 2  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE-based private investment group Venturecraft which was founded last year as a one-stop shop to help Singapore companies expand into China and overseas growth markets has launched a new S$50 million venture fund, The Business Times
      538 words
    • Article, Illustration
      Lock icon It takes a global village to raise a child
      965 4  -  The CapitaLand Hope Foundation (CHF), founded in 2005, has donated over S$25 million to programmes and charitable organisations benefiting children across Asia COMPANY OF GOOD By Tan Teck Heng btnews@sph.com.sg Singapore THAT philanthropy is not just about donating money towards a
      965 words
    • Article, Illustration
      Lock icon 2010: IRs open for business
      333 4  -  SGX woos ASX, CAD probes City Harvest Church. BY KENNETH LIM HE task of rebuilding and preparing for the future took priority as the worst of the global financial crisis faded into the rear-view mirror, and big ambitions and schemes, not all of them successful,
      BT Graphics: Andrea Lee  -  333 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      101 3 „*Sr 1 'rlras j&r' -v- -v v Our view of the world helps investors see the way forward. a L w ..Pi. f J annum 1C A:¥i|lf w w L! i Our investment process is anchored by our macro outlook for the global economy, financial markets, central bank policy and
      101 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      161 4 The Business Times Showtime Productions present a night of jazz in collaboration with Esplanade Theatres on the Bay Jazzy Business September 30, 2016 Friday, 8pm Esplanade Concert Hall Celebrates BT’s 40th birthday and Cultural Medallion recipient Jeremy Monteiro’s 40th year in showbiz with a programme that includes Grammy-winning jazz guitarist
      161 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      50 4 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
      50 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      109 5 4 2 T, 4 time ess oing Xero m 00Q Vend Deputy HReasily Mobilelron In collaboration with: HEWSTEAD I echnologies Introducing BizSmart. 5 digital applications, 1 integrated solution. A first-in-Asia cloud-based integrated solution with 5 apps that: Provides live data including direct bank feeds at your fingertips Increases efficiency with
      109 words
Page thumbnail Page 6
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon A straight-talking retailer
      1035 6  -  Harvey Norman CEO Katie Page-Harvey says retailers who complain about tough conditions aren’t trying hard enough. TOPLINE BY KELLY TAY kellytay@sph.com.sg @KellyTayBT Notwithstanding Singapore retailers’ perennial gripes about high rents, manpower shortages and the onslaught of online shopping, Harvey Norman CEO Katie Page-Harvey remains unfazed even with
      1,035 words
    • Article
      Lock icon Digital disruption – the SME imperative
      891 6  - Digital disruption the SME imperative SID BOARDROOM SINGAPORE SSS7.K MATTERS By Wilson Chew T The writer is a member of the Governing Council of the Singapore Institute of Directors. DIGITAL disruption is a phenomenon of the ages. Almost without anyone noticing it, it has irrevocably changed how companies and their
      891 words
    • Article
      Lock icon SGX to issue surveillance handbook to brokers
      492 6  -  By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore SINGAPORE Exchange (SGX) will soon issue a surveillance handbook to brokers containing case studies involving market rigging and manipulation in an effort to educate brokers on trading activities that are allowed and those that are not. BT
      492 words
    • Article
      Lock icon Director buying slows; buyback activity rebounds
      1543 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited THE buying among directors slowed while the selling returned based on filings on Singapore Exchange from Aug 29 to Sept 2. A total of 23 companies recorded 42 purchases worth
      1,543 words
    • Article
      Lock icon PRIME LENDING RATES
      239 7 Sep 2 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 anz Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
      239 words
    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      64 8 STI Catalist WEEKLY Straits Times Index Sept 2,2016 2,803.92 -53.73 (-1.88%) Current streak 6 days Week high 2,829.43 Week low 2,803.92 52-week high 3,068.46 (Oct 23, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index Sept 2,2016 427.34 -10.09 (-2.31%) Current streak 3 days Week high 439.86 Week
      64 words
    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 206.6 1.2 *****/***** DBXT China50 US$ 3140 63.9 1.5 3211/2355 DBXT MSJAP US$ 4991 63.9 1.0 5021/4031 JSH USD 3276 44.9 1.0 3360/2524 DBXT E50 US$ 4531 32.6 0.5 5000/3918 BY PERCENTAGE CLOSE UP 52w high/low SingTelMBePW*****4 2.8 133.3
      74 words
    • Article
      Lock icon LOSERS
      74 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -604.8 -1.7 *****/***** GLD US$ ***** -186.2 -1.1 *****/***** Hyflux 6% CPS 9630 -119.0 -1.2 *****/9200 Jardine C&C 4195 -106.0 -2.5 4520/2636 SPDR S&P500 US$ ***** -97.9 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Yangziji MB eCW***** 0.6
      74 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Union Steel 51.2 0.420 +0.080 +23.53 Infinio 5,192.2 0.001 -0.002 -66.67 Atlantic Nav 67.0 0.173 -0.020 -10.36 ASTI 4,436.2 0.022 -0.003 -12.00 Nico Steel 2,148.9 0.005 -0.003 -37.50 Acesian Partners 1,000.4 0.026 +0.002 +8.33 SingaporeKitchen 100.0 0.082 -0.018 -18.00 Progen 4.0 0.073 -0.076 -51.01 Mirach
      80 words
    • Article, Illustration
      Lock icon Bad news is still good news
      642 8  -  TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT FRIDAY’S rise on Wall Street after the release of a weak August jobs report serves as a timely reminder that “bad news is good news’’ is still very much in force. This has been the preferred investment slogan
      642 words
    • Article
      Lock icon STI STOCKS
      302 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -1 247/243 257 209 6.3 6809.1 CapitaCom Trust 156.5 +1 158/152.5 159 127 5.5 4628.3 CapitaLand 307 -5 311/306 340 267 12.3 2.9 *****.9 CapitaMall Trust 214 -2 217/211 225 185
      302 words
    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 476,831,100 HSI*****MBeCW*****9 256,026,600 APAC Strategic 250,131,100 Annica 175,600,000 Singtel 149,483,000 Market volume 6,642,101,000 VALUE Singtel 596,267,827 DBS Grp 226,201,289 UOB 192,695,286 OCBC Bank 155,076,887 JMH USD 140,852,226 Market value 4,328,142,000
      34 words
    • Article
      Lock icon SGX ETFs
      112 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 286 -4 1894 290/285 314/254 285/286 IS MS INDIA US$ US740 +21 1520 750/715 772/575 737/740 92.5 DBXT MSPHILS US$ US210.6 -7.5 548 217.4/210 222.5/158.5 213.9/214.7 16.8 IS ASIA HYG US$ US1085 xd -23
      112 words
    • Article
      Lock icon COMPANY MEETINGS
      123 8 COMPANY MEETING PLACE DATE TIME Vashion Grp E Jurong Country Club Albizia 1 (Lvl 2) 9 Science Centre Road 05-Sep 3.00pm IFS Capital E 250 North Bridge Road #06-00 Raffles City Tower 09-Sep 9.30am Sinopipe Hldgs A 16 Ayer Rajah Crescent #03-06 09-Sep 3.00pm Otto Marine E Room
      123 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 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
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      37 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Sept 2, 2016 690.60 -9.46 (-1.35%) Current streak 3 days Week high 694.45 Week low 690.60 52-week high 739.01 (Oct 23, 2015) 52-week low 629.34 (Feb 12, 2016)
      37 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE Index Sept 2,2016 1,709.97 +7.54 (+0.44%) Current streak 2 days Week high 1,709.97 Week low 1,685.57 52-week high 1,777.37 (Oct 23, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 9 1 0 0 1 7 9 2 Manufacturing 48 61 21 14 14 14 62 75 35 Commerce 27 26 12 6 8 7 33 34 19 Tpt/Stor/Comms 13 21 3
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 60,945 100 61,045 183,667 17 183,684 Manufacturing 374,144 431,627 805,771 375,505 6,136 381,641 Commerce 606,975 129,111 736,086 403,720 2,709 406,429 Tpt/Stor/Comms 478,766 5,864 484,630 991,889 571 992,460 Finance 111,093 491 111,584 650,076 58 650,134 Construction
      125 words
    • Article
      Lock icon Gold jumps as US jobs disappointment dims prospects of tightening by Fed
      686 8 Gold mining companies expand the hedge book to the highest level for 6 years during Q2 COMMODITIES BLOOMBERG REUTERS New York GOLD futures gained, reducing a weekly decline, after US employment data missed estimates, boosting the metal’s appeal
      BLOOMBERG; REUTERS  -  686 words
    • Article
      Lock icon Traders get no clarity on Fed outlook after jobs data
      412 9 CURRENCIES BLOOMBERG New York FOREIGN-EXCHANGE traders, hoping to head off for the Labour Day weekend with a clear picture of how Federal Reserve policy will influence the dollar, were left scratching their heads on Friday. The greenback slumped and then
      BLOOMBERG  -  412 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        399 9 Sep 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9765.00 9840.00 9747.50 9832.50 *****9 *****3 Oct16 9785.00 9855.00 9772.50 9837.50 2343 1678 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec16 *****.00 *****.00 *****.00 *****.00 ***** 9674 MSCI TAIWAN
        399 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active Sep 2 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 11.7 1.8 *****6 0.0 0 DBS MB eCW*****1 10.7 -1.3 ***** 0.1 1550 5 OCBC Bk MB eCW*****8 3.6 -0.6 ***** 0.1
        208 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 2 Index Change Change Change Change Change Change World Preliminary 1316.2 0.7 3.0 0.7 0.0 0.6 4.3 EAFE Preliminary 982.9 1.2 -3.0 1.0 -4.5 0.9 -0.4 Europe Preliminary 1414.9 1.8 0.2
        377 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Sep 2 $S Offer Bid 0vernight 0.02 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.15 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.80 0.60 3 months 0.90 0.70 6 months 1.25 1.05 9 months 1.45 1.25 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 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
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Sep-2 Price Net change change Last Trade Agricultural Sep-2 CBOT Soybeans (US cents/bu) 968.50 9.50 0.99% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.66 0.46 1.43% 14/09/2016 CBOT Wheat (US cents/bu) 373.25 5.00 1.36% 14/09/2016 Sep-2 LIFFE Cocoa (£/tonne) 2290.00 -21.00 -0.91% 15/09/2016 LIFFE Coffee (US$/tonne) 1841.00 15.00 0.82%
        250 words
    • Article, Illustration
      Lock icon Smart solutions for a smart nation
      977 10  -  Diamond Energy, Singapore’s leading demand response aggregator, is changing the electricity game. BY NUR SABRINA AZMI btnews@sph.com.sg DIAMOND Energy Merchants, a proponent of smart energy solutions, aims to change the way electricity is consumed in Singapore. “We have to be smart about energy, and
      PHOTO: AIDAN LOO  -  977 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1282 10 Payment Ex Rec Pay Ann (cts) date date date date ABR Hldgs aw 1.000 29-Aug 31-Aug 16-Sep 19-Aug Advancer Global aw 0.350 20-Sep 22-Sep 30-Sep 10-Aug Aims AMP Cap Ind Reit do 2.565 03-Aug 05-Aug 22-Sep 26-Jul Aims AMP Cap Ind Reit bi 0.096 03-Aug 05-Aug 22-Sep 26-Jul
      1,282 words
    • Article
      Lock icon Terms of bond restructuring not conclusive yet: AusGroup
      405 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OILFIELD services provider AusGroup over the weekend clarified that negotiations are still ongoing with noteholders and stakeholders on its efforts to restructure the debt on its balance sheet. In a Singapore Exchange (SGX) filing, the
      405 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1162 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 10.41 0.87 0.66 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.89 1.59 1.40 ARA Asset Mgt 1.50 1.50 1 0.08
      1,162 words
    • Article
      Lock icon SGX MAINBOARD
      1968 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week 149 127 AIMSAMP Cap Reit 139.5 -0.5 976 141 139 0.9 8.1 889 Div 144 101 ARA Asset Mgmt 137 +0.5 1723 138
      1,968 words
    • Article
      Lock icon SGX CATALIST
      411 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week 5 1.7 t Acesian Partners 2.6 +0.2 1000 2.8 2.6 3.6 9.7 GrYld Net 45 29.5 t Advancer Global 43cd +0.5 ***** 45 40.5 17.1 74.5 High LOW
      411 words
    • Article
      Lock icon SGX ETF
      210 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 86.4 69.1 CIMB APAC Div US$ US81.5 -2 7 84.2 81.5 8.6 1210 991 CIMBASEAN40 S$D 1189 -10 0 1196 1189 905 700 CIMBASEAN40 US$ US880 -21 2 905
      210 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      97 6 T For more articles, go to btd.sg/BMatters CELEBRATING To mark the occasion, well give you $288* when you open an account with us. How's that for a celebration? Find out more at IG.com.sg/ig10 or call us on +65 6390 5118 IG.com.sg/ig10 FOREX SHARES I INDICES I COMMODITIES I BINARIES n
      97 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      156 7 i i 3ft A V EXCLUSIVE ism .31/100 km; C0 2 emission: 142 g/km, Consumption: Jyv- Fuel Consumption: 6.3-6.6l/100km; C0 2 emission: 142-149g/km, E 200 AMG Line Fuel Consumption: 6.61/100 km; C0 2 emission: 149 g/km. The new E-Class. Masterpiece of Intelligence. Welcome to the new frontier of safety in
      156 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      83 10 STAND OUT IN YOUR FIELD This company is one of the 16 finalists of the Emerging Enterprise Award 2016. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2016 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover
      83 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words
Page thumbnail Page 12
  • REAL ESTATE
    • Article
      Lock icon Brexit may delay building of tallest City tower
      647 12 Developers facing higher construction costs due to pound devaluation, short-term doubts about tenant demand BLOOMBERG London INVESTORS in the City of London’s tallest office tower will this month be asked if they want to go ahead with construction. A lot of developers
      BLOOMBERG  -  647 words
    • Article
      Lock icon UK plans house building fund to boost sector post-Brexit
      209 12 REUTERS London THE British government is set to announce a £3 billion (S$5.4 billion) house building fund to provide developers with cheap loans to boost the sector following the vote to leave the European Union, the Sunday Telegraph newspaper reported. Finance
      REUTERS  -  209 words
    • Article, Illustration
      Lock icon Amsterdam neighbourhood lures hipsters with cheap waterfront housing
      1035 12 WP Amsterdam WHEN Vincent Vollenbronck was living in Amsterdam’s northern harbour as a teenager, it was a derelict expanse of potholed streets and abandoned docks where he would sometimes throw bricks through the windows of empty warehouses. Now, he is helping developers
      WP; PHOTO: BLOOMBERG  -  1,035 words
    • Article
      Lock icon New Kenya land title law may end conflicts, spur development
      506 12 REUTERS Nairobi IMPOVERISHED nomadic communities across Kenya are to receive land titles under a new law that specialists hope will help end land conflicts, boost development and improve investor relations. The Community Land Bill, signed into law by Kenya’s President
      REUTERS  -  506 words
    • Article
      Lock icon Property investors now have more reason to care about air-con
      513 12 BLOOMBERG London REAL estate investors might have more reason to care about the air conditioning in your office than you do. As energy-related emissions from buildings creep higher, property investors are starting to worry that regulators and politicians will come
      BLOOMBERG  -  513 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      34 12 DB Platinum Crod Branchen Stars R1C-A 26/08/2016 235,45 EUR Kick-start your investment strategy with tips from $how Me The Money $how Me The Money Book 4 is now available at leading bookstores and www.stpressbooks.com.sg
      34 words
Page thumbnail Page 13
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Chinese banks’ shadow loans grow despite regulatory glower
      731 13 UBS data show such loans hit 12.6t yuan in 2015, five times the size of China’s annual economic output REUTERS Beijing SHADOW lending by listed Chinese banks surged in the first half, underlining the challenges faced by the country’s banking regulator as
      REUTERS; PHOTO: BLOOMBERG  -  731 words
    • Article
      Lock icon StanChart faces longer US supervision over Iran lapses
      709 13 Sources say more time is needed to boost internal standards REUTERS London STANDARD Chartered expects it will remain under US supervision for several more years over lapses in Iran-re-lated anti-money laundering efforts because it needs more time to improve its internal standards,
      REUTERS  -  709 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      393 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIAN CHARTERS PTE. LTD. REG. NO. *****0816R (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, that a FINAL MEETING OF CREDITORS
      393 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      1867 13 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
      1,867 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 3
      527 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HOCK GUAN HUAT HOLDING PTE LTD (Incorporated In the Republic of Singapore) (Company Registration No. *****7491Z) (IN LIQUIDATION) (MEMBERS’ VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Company duly convened and held at No. 15
      527 words
Page thumbnail Page 14
  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon DOING AWAY WITH CASH AND CHEQUES
      3420 14 THIS WEEK’S TOPIC How ready is your organisation for an electronic payments society? What challenges do businesses face in going cashless? Tham Sai Choy Managing Partner KPMG in Singapore KPMG’s 2016 MAS study confirms consistent with our experience in the UK, US and Australia
      FILE PHOTO  -  3,420 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      210 15 The full list of views from CEOs is available at http://businesstimes.com.sg FORAGE INTO THE WORLD OF DIGITAL Who should attend: Business Owners, Entrepreneurs, Senior and Middle Management, PMETs, Marketing and Sales Professionals E X C L U S I V E GAINING AN INSIGHT INTO DIGITAL NEWSROOM FOR THAT BETTER
      210 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      40 15 1 Singapore?^ INTERNATIONAL INDIAN EXP***** cmte& tcb UjOm SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEPTEMBER 2016,10AM TO 10PM EXHIBITION HIGHLIGHTS overIDU EXHIBITORS FOOD, FUN FESTIVITY ENTERTAINMENT CULTURAL ACTIVITIES FOR ENQUIRIES CONTACT *****112 *****219 visit: www.siiexpo.com I www.facebook.com/SIIExpo/
      40 words
Page thumbnail Page 16
  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article
      Lock icon Are you as stupid as your financial adviser thinks?
      1298 16  -  According to research firm Dalbar, investors underperform the mutual funds they invest in by at least four percentage points a year. BY BEN STEVERMAN BLOOMBERG INVESTORS need to be saved from themselves. That’s the conventional wisdom, and there’s some truth to
      BLOOMBERG  -  1,298 words
    • Article, Illustration
      Lock icon Nudged by dad, but going her own in money matters
      629 16  -  Grace Lim plans to venture into long-term investments, undergirded by her accountancy background STARTING YOUNG By Choo Yun Ting yuntingcs@sph.com.sg Singapore WHILE many of her peers in university are still building up their financial knowledge, Grace Lim, 21, has been
      PHOTO: AIDAN LOO  -  629 words
    • Article
      Lock icon Mobile app to promote youths’ financial literacy
      622 16  -  By Choo Yun Ting yuntingcs@sph.com.sg Singapore A NEW mobile game application could be the key to promoting financial literacy among young adults. “1 Million Dollar Journey” an app developed by students and staff of the Singapore Management University (SMU) and the Institute of
      622 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      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
      105 words
Page thumbnail Page 17
  • ENERGY & COMMODITIES
    • Article
      Lock icon Rising oil import costs may become Asia’s growing pain
      789 17 Forecasts show region’s import bill is set to climb back above US$500b in 2017 for the first time in 3 years REUTERS Singapore A WIDENING gap between Asia’s oil production and demand is creating a growing capital drain for the region
      REUTERS  -  789 words
    • Article
      Lock icon Shale drillers in US resume growth run in low-cost Texas plays
      552 17 BLOOMBERG Houston SHALE drillers resumed putting oil and natural gas rigs back to work in the United States, as ever-lower costs help to fuel the biggest drilling reboot since the downturn began. The number of land rigs targeting crude
      BLOOMBERG  -  552 words
    • Article, Illustration
      Lock icon Iran’s pistachio farms are dying of thirst
      740 17 AFP Sirjan, Iran THE pistachio trees at the village in southern Iran are long dead, bleached white by the sun the underground water reserves sucked dry by decades of over-farming and waste. The last farmers left with their families 10 years ago, and
      AFP; PHOTO: AFP  -  740 words
    • Article, Illustration
      Lock icon Seaweed farming, a sudden slimy success, needs greener rules: UN
      440 17 REUTERS Oslo SEAWEED farming needs tighter regulation to limit damage to the environment after booming into a US$6.4 billion business with uses in everything from sushi to toothpaste, a United Nations study showed on Sunday. Led by China, South Korea,
      REUTERS; PHOTO: REUTERS  -  440 words
Page thumbnail Page 18
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Tech firms support Microsoft’s case against US Justice Dept
      809 18 Move is part of a growing resistance to government attempts to snoop on customers’ electronic communications NYT Seattle DOZENS of allies threw their weight behind Microsoft last Friday in a case that challenges law enforcement’s use of secrecy orders to cloak
      NYT; PHOTO: BLOOMBERG  -  809 words
    • Article
      Lock icon Baidu banks on growing artificial intelligence expertise
      819 18 BLOOMBERG Hong Kong BAIDU Inc has unveiled its latest plans to stake out a spot in the burgeoning field of artificial intelligence (AI), including a partnership with Nvidia Corp to develop driverless cars and taxis, and a home gadget akin to Amazon.com Inc’s
      BLOOMBERG  -  819 words
    • Article
      Lock icon BlackBerry to help German govt toughen ‘spy-proof’ Samsung tablet
      140 18 REUTERS Toronto BLACKBERRY Ltd said on Friday that its encryption technology is being used to toughen a “spy-proof” Samsung tablet that is being used by German government agencies dealing with classified information. The device, a Samsung Galaxy Tab S2, includes a
      REUTERS  -  140 words
    • Article
      Lock icon Jakarta pins software job hopes on its Slipicon Valley
      910 18  -  By Jeff Hutton btworld@sph.com.sg Jakarta NOT far from the hardscrabble slums and the scrap metal dealers that dot the banks, Jakarta’s sludgy Ciliwung River is what Indonesia’s leaders hope may be the country’s ticket to a higher tech future. It’s called
      910 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      28 18 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
      28 words
Page thumbnail Page 19
Page thumbnail Page 20
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Japan warns Brexit may drive banks, pharma investment to EU
      597 20 Report published by Japanese task force raises worries over ease of access to unskilled labour, tariff protection REUTERS Tokyo JAPAN has warned Britain that its exit from the European Union could prompt Japanese financial institutions to relocate from London and
      REUTERS  -  597 words
    • Article, Illustration
      Lock icon Abe-Putin meetings in Vladivostok highlight the need for regional statesmanship
      1093 20  -  Meetings end inconclusively with no clear end in sight to the territorial dispute that has held back relations By Anthony Rowley btworld@sph.com.sg Tokyo THERE were elements of showmanship and even brinkmanship evident in the Vladivostok meetings last week between Russian
      PHOTO: AFP  -  1,093 words
    • Article
      Lock icon Yellen’s speech signals Goldilocks’ days are numbered
      812 20  -  WALL STREET INSIGHT By Rob Curran US STOCKS finished the week and the month of August more or less flat, as what started out as a wild year for the stock market could end up as one of the sleepiest on record. Even
      812 words
    • Article
      Lock icon Morgan Lewis sets up shop in Shanghai
      226 20  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore LAW firm Morgan Lewis has opened an office in Shanghai that boasts a 35-strong team, its second in China after it set up a legal practice in Beijing. The new office will give Morgan Lewis Stamford
      226 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      31 20 4Want access to BBQ pits If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      31 words
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      1923 22 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 PKL KCH KK JKT SUB MALAYSIA STAR 62 50 10/9 12/9 16/9 18/9 RAINBOW SYMPHONY 001 60 16/9 18/9 21/9 23/9 MOHO CORAL
      1,923 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      244 22 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 148 BST314 06/09/2016 07/09/2016 Buatan/Buatan DAILY Marco Polo 188 PRW209 06/09/2016 07/09/2016 Pelindo/Perawang DAILY Marco Polo
      244 words
Page thumbnail Page 23
  • DINING OUT
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      70 23 LIANHE ZAOBAO flvUSHSEU «DzrBSS?» j Watch director Royston Tan and actor Elvin Ng converse in Hokkien outside local dialect serial "Eat Already?" bit.ly/ZB_hokkienlnt M f. <3 i t m m r Sl *W Celebrate Good Times, Come On! S>4Z.£ X-Value™ of your home A $961,000 ($866 psf) Up by $8,000
      70 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      226 23 mmn mm I OaC f II »I Teck Wei iff* fit r #gamsia365 iScM —^S^SlElbM! l& Wit: 0s80 gamsia365.zaobao.sg Show Me the Money (Book 2) writes about the tools and techniques of stock picking, stock valuation and portfolio management. It explains to us how companies finance their growth and shows
      226 words
Page thumbnail Page 24
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon At MBS, a strong culture of giving back
      729 24  -  A good concept and proper execution can ensure corporate social responsibility efforts are successful, says its chief George Tanasijevich By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AS the chief of one of the largest employers in Singapore, George Tanasijevich is a firm believer
      729 words
    • Article, Illustration
      Lock icon Greek photographer who brought the migrant crisis home wins prize
      642 24 AFP Perpignan, France GREEK AFP photographer Aris Messinis has covered conflicts in Libya and Syria, but it was for his dramatic images of a migrant crisis on his doorstep that he was honoured last Saturday at photojournalism’s biggest annual festival.
      AFP; PHOTOS: AFP  -  642 words
    • Article
      Lock icon Rosberg wins at Monza; Formula One sale to US media group to go ahead next week
      634 24 REUTERS AFP Monza GERMANY’S Nico Rosberg won the Italian Grand Prix for dominant Mercedes on Sunday to cut teammate Lewis Hamilton’s Formula One world championship lead to two points with seven races remaining. Triple
      REUTERS; AFP  -  634 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      365 24 CRYPTIC CROSSWORD Across 1 The Parisian certainly quiet, being back in study (7) 5 Deceptive type, outspoken with little hesitation (7) 9 Player representing America putting lots off (5) 10 Country area that CPRE won’t want houses on? (9) 11 Little fellow given sticking plaster maybe and sent packing (10)
      365 words