The Business Times, 17 September 2016

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Microfilm: NL33962
Total Pages: 40
1 32 The Business Times
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      56 1 BT LivingTHE BUSINESS TIMES WEEKEND SEPTEMBER 17-18, 2016 DINING Pastry chefs’ sweet recognition L6-7 A GREEN START AT HOME Furniture retailers advocate sustainability L2-4 GADGETS Avid gamers’ must-haves L12-13 F1 WATCH The silly season? L15 MOTORING 4 more fun L14 PHOTO: EMECO BT CORPORATE GOLF LEAGUE Team SunMoon take top
      56 words
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  • BT Living
    • Article, Illustration
      Lock icon Homing in on a green start
      1461 2 / 3  -  Furniture companies such as Ikea and atomi are carrying more products for the home that are eco-friendly and educating consumers on their sustainability efforts. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT THE next time you shop at Ikea, don’t just look
      1,461 words
    • Article, Illustration
      Lock icon GREENWORTHY
      982 4  -  Not buying anything for the rest of your life is difficult, but here are some items that get the green nod. By Tay Suan Chiang @TaySuanChiangBT taysc@sph.com.sg Smart Cara S$599 Ecoponics www.ecoponics.com.sg/shop/ food-waste-management/smart-cara/ DESPITE best intentions, families that cook often end up with food waste. It can range from
      982 words
    • DINING
      • Article, Illustration
        Lock icon Heritage comes alive
        759 5  -  A century-old landmark building at Clarke Quay now houses a modern Chinese restaurant and a club lounge By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg VLV 3A Merchant's Court, River Valley Road, #01-02 Z6661 0197 Restaurant open noon to 3pm, 6pm to 11pm; Club Lounge open 6pm
        PHOTOS : JULIANA TAN  -  759 words
      • Article, Illustration
        Lock icon Sweet recognition
        1773 6 / 7  -  The chefs who create sweet endings to a meal are finally stepping out into the limelight. BT Weekend profiles four of them. By David Yip By David Yip WHO doesn’t like dessert? That finale of your meal, the sweet flavour that lingers on after you’re done with the
        1,773 words
    • WELLNESS
      • Article, Illustration
        Lock icon Revitalising touch
        2259 10 / 11  -  Alternative methods to healthcare are gaining traction as Singaporeans’ appetite for holistic anti-ageing treatments continues to grow unabated. By Cheah Ui-Hoon uihoon@sph.com.sg Age buster Life Infinity 31 Scotts Road Z6684-3131 http://www.life-infinity.com.sg ANTI-ageing isn’t a new topic for Singaporeans, what with the onslaught of supplements, detox regimes, face and
        2,259 words
    • GADGETS
      • Article, Illustration
        Lock icon Avid gamers’ must-haves
        2309 12 / 13  -  Aficionados will be spoilt for choice as Sony and Microsoft will be releasing new, updated hardware by the end of the year. By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Getting an upgrade PlayStation 4 (2016) Price: 500 GB (S$449) 1 TB (S$499) WHILE most consumer tech devices go through
        2,309 words
    • MOTORING
      • Article, Illustration
        Lock icon 4 more fun
        419 14  -  Two four-door models have received timely mid-life updates. By Samuel Ee samuelee@sph.com.sg BMW’s Efficient Dynamics engine family is slowly working its way through the line-up and replacing each model with a more, well, efficient power plant. The latest recipient is the 4 Series Gran Coupe, which gets
        419 words
      • Article, Illustration
        Lock icon Good looks, good value
        428 14  -  By Samuel Ee samuelee@sph.com.sg THREE years into its model life, the Kia Cerato Forte K3 has been refreshed with minor tweaks that taken together, should allow it to hold its own against more expensive competitors. This Korean compact sedan has always represented value for money without
        428 words
      • Article, Illustration
        Lock icon THE SILLY SEASON?
        669 15  -  As the F1 season enters the final stretch, what’s happening off-track seems more interesting than the on-track action. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com.sg WHO says Formula One is predictable? That definitely does not apply to the 2016 season as it heads for the
        PHOTO: AFP  -  669 words
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      445 8 / 9 Headquartered Singapore. Present in 70 countries. Globally. Olam means enduring. We are a Singapore company that has grown from a single product in a single country to a leading agri-business with 47 products in 70 countries in 26 short years. We have grown, and we have grown well. Remembering that
      445 words
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      Lock icon Page 8 / 9 Advertisements Column 2
      351 8 / 9 How hard can it be to feed 8.5 billion people in 2030? Over 35 Agri-businesses and growing. 1 Mission. To tackle the issues that jeopardise the future of millions of people around the world. Food Security These are just some of the huge and intractable challenges facing agricultural supply chains.
      351 words
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  • BT CORPORATE GOLF LEAGUE 2016
    • Article, Illustration
      Lock icon Team SunMoon take top prize
      476 16  -  Edge Golf come in second while defending champions Boustead move to third spot. By Justine Moss AFTER three months of enjoyable golfing, networking, camaraderie and fun, the 2016 Business Times Corporate Golf League concluded on Friday with the final round being played out on Tanah
      476 words
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  • Title Section
    Lock icon Masthead
    24 1 weekend THE BUSINESS TIMES w w w usinesst ime .com. g SEPTEMBER 17-18, 2016 S$1.20| MCI (P) 066/08/2016 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    24 words
  • Article
    Lock icon August NODX growth stays flat
    32 1 EXPORT RESPITE EVEN so, it provides some relief following two straight months of year-on-year decline, 10.6 per cent in July and 2.4 per cent in June. 2
    32 words
  • Article
    Lock icon Fertility treatment on the rise
    35 1 BABY BUSINESS OVER 6,000 assisted reproduction cycles are done in Singapore in 2015, the second year that volume exceeds 6,000 and a jump from less than 5,000 in 2012. 5
    35 words
  • Article
    Lock icon Move to oust CEO stalls
    35 1 POWER STRUGGLE EGM called by SBI Offshore shareholders to remove Chan Lai Thong is adjourned pending greater clarity on probe into possible breach of securities laws and other offences. 10
    35 words
  • Article
    Lock icon German banks roiled by shipping
    29 1 CHOPPY WATERS THEY are behind up to a quarter of the world’s US$400 billion of outstanding shipping loans amid a global industry slump. 17
    29 words
  • Article, Illustration
    Lock icon S’pore Grand Prix flags off into new chapter
    819 1  -  Industry observers: US buyer of the sport better placed to grow a new generation of race fans By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Singapore Grand Prix rolls into town for its ninth edition this weekend, even as a major shake-up gets
    PHOTO: YEN MENG JIIN  -  819 words
  • Article
    Lock icon New opportunities abound: Tharman
    760 1  -  Don’t buy the pessimism, get set for change instead, he says By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore DEPUTY Prime Minister Tharman Shanmugaratnam sounded an upbeat note on Friday night, saying that new opportunities abound, even as globalisation and technology “disrupt” companies and workers. Pessimism must therefore
    760 words
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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 Living L2-4 Dining L5 Dining L6-7 Wellness L10-11 Gadgets L12-13 Motoring L14-15 Golf
      51 words
    • Article
      Lock icon August’s NODX flat; market expected worse
      594 2  -  Whether it will pick up from here is unknown, given prevailing headwinds; month-on-month, it still dipped By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore AUGUST provided some relief to Singapore’s non-oil domestic exports (NODX), which emerged flat after two straight months of year-on-year decline. NODX
      594 words
    • Article
      Lock icon MARKETS
      133 2 GSTI 2,827.45 (+21.93) GSTI FUTURES 2,826.00 (+21.00) GSIMSCI 310.89 (+2.32) GSIMSCI FUTURES 311.40 (+3.10) STOCKS Friday Change KL COMP Closed NIKKEI 225 16,519.29 +114.28 HANG SENG Closed SET 1,479.07 +15.68 JAKARTA 5,267.77 +1.95 MANILA 7,553.76 -154.66 KOSPI Closed SHENZHEN B 1,177.27 +3.11 MUMBAI 28,599.03 +186.14 11.45 EDT Change DOW
      133 words
    • Article, Illustration
      Lock icon F1 drivers’ plea to new owners: Make racing closer, faster and more exciting
      566 3 Give midfield teams the opportunity to win a race, fight for titles: Perez SINGAPORE GRAND PRIX AFP Singapore SEBASTIAN VETTEL led a chorus of drivers on Thursday urging Formula One’s new owners to make racing closer, faster
      AFP  -  566 words
    • Article, Illustration
      Lock icon Crowds relish thrills and spills at S’pore Grand Prix
      67 3 REVVING UP FOR GLORY (Left) Mercedes AMG Petronas Formula One Team Lewis Hamilton during Practice Session 1. (Above) Spectators cheering their favourite F1 drivers at Practice 1. (Below) Scuderia Ferrari’s Kimi Raikkonen raced down Turn 10 during Practice Session 1 at
      PHOTOS: YEN MENG JIIN  -  67 words
    • Article, Illustration
      Lock icon New wave of IPOs expected in 2016/17
      888 4  -  Survey respondents in North America much more optimistic than those in Europe or Asia B Y Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore A WAVE of new initial public offerings is set to hit global markets in the next 12 months, says a new report.
      PHOTO: REUTERS  -  888 words
    • Article, Illustration
      Lock icon Fertility treatment a potent S’pore business
      1112 5  -  Over 6,000 assisted reproduction cycles done in 2015, up from less than 5,000 in 2012 By Nur Sabrina Azmi Jacquelyn Cheok nsazmi@sph.com.sg jaccheok@sph.com.sg @JacCheokBT Singapore THE fertility business is growing in Singapore all round. Over 6,000 assisted reproduction cycles were done in the country
      FILE PHOTOS  -  1,112 words
    • Article, Illustration
      Lock icon Is your co-worker toxic or just annoying?
      982 6  -  Knowing the difference can save your career and sanity. Find out what kinds of behaviour warrant action CUBICLE FILES B y Vivien Shiao vshiao@sph.com.sg@VivienShiaoBT Singapore THERE’S always that one person in the office that is the thorn in your flesh. It might be
      ILLUSTRATION: LUDWIG ILIO  -  982 words
    • Article, Illustration
      Lock icon S’pore distributor of BYD electric vehicles ties up with Uber
      489 7  -  S i2i chairman sees future in car rental and is projecting a 3,000-BYD fleet within the year By Samuel Ee samuelee@sph.com.sg THE Singapore distributor of BYD electric vehicles (EVs) on Friday tied up with Uber to launch an initial nine
      FILE PHOTO  -  489 words
    • Article
      Lock icon No probe fallout for joining tax amnesty: Indonesia finance minister
      492 7 Reuters Jakarta SINGAPORE has given assurances that Indonesians declaring assets in the city-state as part of Jakarta’s tax amnesty will not have their participation itself considered a suspicious act, Indonesia’s finance minister said. Sri Mulyani Indrawati told reporters on Friday
      Reuters  -  492 words
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      266 7 NOTICES Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act. MORANO HOLDINGS LTD (In Voluntary Liquidation) Company No. *****94 NOTICE is hereby given pursuant to Section 204, subsection 1 (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation.
      266 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Keeping an ear out for disruption
      2155 8 / 9  -  Throughout his career, Ed Eger, president and chief executive of online foreign exchange trading platform OANDA, seeks ways to provide radical disruption. By Kenneth Lim kenlim@sph.com.sg @KennethLimBT DISRUPTION is the buzzword in the world of financial services these days. But while everybody wants to
      PHOTO: OANDA  -  2,155 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Shareholder move to oust SBI Offshore CEO stalls
      1058 10  -  EGM adjourned pending greater clarity on investigations into possible breach of securities laws and other offences By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore FRIDAY’S meeting for SBI Offshore shareholders to vote on a board shake-up that was triggered by a major shareholder’s “mutiny”
      1,058 words
    • Article
      Lock icon IHC clarifies lenders’ receivership of its Australian properties
      474 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore CATALIST-LISTED medical property developer International Healthway Corporation (IHC) says the appointment of receivers by its two Australian bank lenders Westpac and National Australia Bank (NAB) for its three properties in Australia is a consequence of
      474 words
    • Article, Illustration
      Lock icon Suddenly alone, STI backtracks a little
      753 11  -  STOCKS Kenneth Lim kenlim@sph.com.sg @KennethLimBT Correspondent LET’S say, for the sake of making a frivolous analogy, that you are a young adventurer with heroic ambitions, travelling through the woods and headed for a cave which, legend says, may or may not be the lair
      753 words
    • Corporate Digest
      • Article
        Lock icon Federal International
        137 11 AN associate of Federal International (2000) has received a “letter of intent to award” (LOI) for a US$155 million project. The project awarded by PTTEP International (PTTEPI) to PT Gunanusa Utama Fabricators (PTG) is for the engineering, procurement, construction and installation of two offshore wellhead platforms, associated pipelines,
        137 words
      • Article
        Lock icon Rotary Engineering
        44 11 MAINBOARD-liSTED Rotary Engineering Limited announced before trading hours on Friday that it has secured contracts worth approximately S$64 million for the period June to September 2016. Rotary said these secured contracts are for smaller and more varied jobs beyond tank storage construction.
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      • Article
        Lock icon CSC Holdings
        128 11 ENGINEERING company CSC Holdings Limited is dipping its toes into development work overseas, with a maiden investment in the development of a freehold project in the UK. It said on Friday that it will, through a wholly owned unit, invest £500,000 (S$900,000) to acquire a 21 per cent
        128 words
    • Article
      Lock icon SGX mulls over listing of leveraged certificates
      211 11 Bloomberg Hong Kong SINGAPORE Exchange Ltd (SGX) is considering listing structured products called constant leveraged certificates, whose popularity in Europe helped market turnover there top US$4 billion last quarter. “We are reviewing listing suitable products, based on market demand,” Luuk Strijers, director and
      Bloomberg  -  211 words
    • Article
      Lock icon STI STOCKS
      302 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 -2 242/237 257 209 6.4 6642.3 CapitaCom Trust 158 +2.5 159/156.5 164 127 5.5 4680.8 CapitaLand 312 +2 314/310 340 267 12.5 2.9 *****.7 CapitaMall Trust 208 +1 209/207 225 185
      302 words
    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 +3 734 289/286 314/254 286/288 IS MS INDIA US$ US732 +5 123 750/732 772/575 732/735 91.5 DBXT MSPHILS US$ US205.7 -0.5 102 208.4/205.7 222.5/158.5 202.6/203.4 16.5 DBXT MSBANGL US$ US101.5 +0.8 70 101.5/101.5
      109 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      803 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 12 Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) IFAST Corp 14-Sep-16 Lim Chung Chun *Buy 20 0.88 ***** 4.28 ***** 4.29 Uni-As ia 14-Sep-16 Masai
      803 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      189 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 4 1 0 1 0 11 5 1 Manufacturing 28 33 29 9 9 7 37 42 36 Commerce 14 15 12 2 6 1 16 21 13 Tpt/Stor/Comms 16 8 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,559 160 15,719 39,971 26 39,996 Manufacturing 65,774 40,016 105,790 79,475 1,188 80,664 Commerce 133,328 16,082 149,410 141,894 369 142,263 Tpt/Stor/Comms 110,563 250 110,813 164,652 25 164,676 Finance 47,552 9 47,561 183,684 1 183,685 Construction
      125 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Sep 16 VALUE CLOSE BT OB/OS -20.00 +63.00 BT CADI -*****.00 +13.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 682.24 +3.54 FTSE ST Small Cap 380.61 +0.70 FTSE ST All Share 695.32 +3.73 FTSE ST China Top 158.47 -0.02 FTSE ST China 192.06 +1.17 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE USP Group 279.1 0.088 -0.009 -9.28 Serrano 105.4 0.021 +0.009 +75.00 Nico Steel 880.0 0.008 +0.003 +60.00 Metech Intl 4,046.9 0.004 +0.001 +33.33 Raffles Edu 14,138.9 0.179 -0.009 -4.79 RickmersMaritime 6,518.4 0.056 -0.005 -8.20 Nam Lee Metal 2,082.1 0.390 +0.020 +5.41 Nippecraft 62.0 0.030 +0.005
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Sep-15 Price Net change change Last Trade Agricultural Sep-15 CBOT Soybeans (US cents/bu) 950.50 7.75 0.82% 14/11/2016 CBOT Soybean Oil (US cents/lb) 32.04 0.42 1.33% 14/10/2016 CBOT Wheat (US cents/bu) 399.50 -3.50 -0.87% 14/12/2016 Sep-15 LIFFE Cocoa (£/tonne) 2274.00 29.00 1.29% 15/09/2016 LIFFE Coffee (US$/tonne) 1927.00 -6.00 -0.31%
      193 words
    • Article
      Lock icon PALM OIL
      54 13 Sep 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 16 2833.0 1549 Oct 16 2650.0 2718.0 2737.0 2643.0 2582 ***** Nov 16 2553.0 2594.0 2610.0 2553.0 ***** ***** Dec 16 2520.0 2565.0 2581.0 2520.0 ***** *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      63 13 Sep 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.09 106.12 106.11 5-Year NX*****X 2.250 01-Jun-21 104.23 104.27 104.20 10-Year NX*****F 2.125 01-Jun-26 102.33 102.45 102.05 15-Year NZ*****F 2.875 01-Sep-30 108.46 20-Year NZ*****X 2.250 01-Aug-36 100.08 30-Year NA*****H
      63 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Sep 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0230 1.0239 0.7504 0.7505 Canadian dollar 1.0352 1.0365 0.7597 0.7594 Euro 1.5317 1.5333 1.1235 1.1239 NZ dollar 0.9959 0.9972 0.7305 0.7309 Sterling pound 1.7996 1.8010 1.3200 1.3201
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      203 13 Most active Sep 16 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.6 0.5 5096 0.1 1550 5 UOB MB eCW*****1 11.1 0.6 2419 0.1 1880 5 STI 2800 MB eCW*****1 5 0.5 2370 0.0 1
      203 words
    • 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 15 Index Change Change Change Change Change Change World Preliminary 1289.9 0.5 1.0 0.5 -1.6 0.6 2.4 EAFE Preliminary 958.4 0.1 -5.4 0.1 -6.1 0.2 -2.3 Europe Preliminary 1379.6 0.5 -2.3
      377 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article, Illustration
      Lock icon Ramba Energy raises S$11.3m from cash call
      935 14  -  Bulk of proceeds will go to field development that is key to it becoming an O&G play By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MAINBOARD-LISTED Ramba Energy expects to pump the bulk of the S$11.3 million proceeds from a recently completed rights-cum-warrants issue
      PHOTO: RAMBA ENERGY  -  935 words
    • Article
      Lock icon Jason Hldgs employee, ex-employee interviewed by CAD
      337 14  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore TROUBLED timber flooring specialist Jason Holdings said on Friday the Commercial Affairs Department of Singapore (CAD) had called in two employees either currently or previously on the payroll of its principal operating unit for an ongoing
      337 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Lisbon landlords cry foul over 32-euro rent from century-old freeze
      858 15 Govt wants to extend for five more years rent-control rule due to expire in 2017 Bloomberg Lisbon JOAO Anastacio is fed up with collecting rents as paltry as 32 euros (S$49) a month on some of his Lisbon properties. But
      Bloomberg; PHOTO: BLOOMBERG  -  858 words
    • Article
      Lock icon British Columbia sees foreign home buyers enduring despite tax
      333 15 Bloomberg Vancouver THE party is not over yet for British Columbia’s real estate market, if government forecasts are any indication. The Pacific coast province, which imposed a 15 per cent tax on foreign homebuyers in July to cool Canada’s most expensive
      Bloomberg  -  333 words
    • Article
      Lock icon Househunt
      1239 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 3 AND AUG 9, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 13 NON-LANDED The Poiz Residences Apt 08/08/2016 99 538 783 1455 The Poiz Residences Apt 03/08/2016 99
      1,239 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      41 15 GOOD CLASS BUNGALOW HOLLAND PARK *****/ ***** sqft Brand new, pte lift Elevated, wide frontage Opp Botanic Gdn Motivated Seller Exclusive Marketing Agent K H Tan *****348 Joanne Lai *****025 Newsman Realty Pte Ltd Estate Agt L*****29F. CEA Reg R*****9A, R*****3C
      41 words
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  • BANKING & FINANCE
    • Article
      Lock icon German banks count cost of global shipping crisis
      721 17 They are behind up to a quarter of the world’s US$400 billion of outstanding shipping loans Reuters Frankfurt GERMAN banks are struggling to recoup tens of billions of dollars of loans as a global shipping industry slump hits them hard. The lenders
      Reuters  -  721 words
    • Article, Illustration
      Lock icon Traders agonise over ‘the curve’ as Japan upends world bonds
      518 17 Bloomberg New York SPECULATION about a shift in Japanese monetary policy is changing the shape of bond markets around the world. The gap between short and long-term yields is widening globally on bets the Bank of Japan’s (BOJ) next monetary
      Bloomberg; PHOTO: BLOOMBERG  -  518 words
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      Lock icon Page 17 Advertisements Column 1
      491 17 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) JADEN ENTERPRISE PTE. LTD. CO. REG. NO. *****0311K (2) LEMAG MARINE (ASIA PACIFIC) PTE. LTD. CO. REG. NO. *****8972C (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General Meeting of members of
      491 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Glut belies risk of thinner Opec output cushion
      776 18 The group’s spare capacity has dwindled to the lowest since 2008, US govt data shows Bloomberg Singapore AS most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as
      Bloomberg; PHOTO: BLOOMBERG  -  776 words
    • Article
      Lock icon After Brexit blow, wind parks at sea undermine carbon prices
      619 18 Bloomberg London IN SHALLOW waters off the Dutch coast, you will soon see why the world’s biggest carbon market is struggling with slumping prices. Dong Energy A/S plans to build two offshore wind parks there, supplying as many as one
      Bloomberg  -  619 words
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  • TECHNOLOGY
    • Article
      Lock icon Internet radio Pandora takes on streaming stalwarts
      344 19 AFP New York INTERNET radio leader Pandora unveiled plans on Thursday to challenge streaming stalwarts such as Spotify by undercutting them on price and matching them with on-demand music. The move comes after prolonged market jitters over the future of Pandora at a
      AFP  -  344 words
    • Article
      Lock icon Indonesia to probe Google over possible unpaid taxes
      437 19 Tax office is also checking if Ford Motor had avoided paying appropriate levies Reuters Jakarta MUHAMMAD Hanif, head of the specials cases branch in the tax office, said Google’s refusal to cooperate after it was sent a letter in April requesting to
      Reuters  -  437 words
    • Article, Illustration
      Lock icon Decades-old drug technology finally nears its big breakthrough
      733 19 Bloomberg Tel Aviv DRUGMAKERS are breathing new life into old drugs with hydrogen. Substituting a heavier form of the gaseous element in drugs can slow their breakdown by the body, leaving them in the bloodstream longer. This means that a patient can
      Bloomberg  -  733 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Japan real interest rates show monetary policy is loose
      533 22 Analysts say central bank should focus on selling this message before easing further Reuters Tokyo AS the Bank of Japan (BOJ) considers shifting the focus of monetary policy at next week’s review, some analysts say the key will be how well
      Reuters; PHOTO: BLOOMBERG  -  533 words
    • Article
      Lock icon Japan to bring in more foreign workers as population falls
      440 22 Bloomberg Tokyo TWO aides to Japanese Prime Minister Shinzo Abe said the nation is planning to bring in more overseas workers to bolster the shrinking labour force. Masahiko Shibayama, a lawmaker in Mr Abe’s ruling Liberal Democratic Party lawmaker who
      Bloomberg  -  440 words
    • Article
      Lock icon Japan to step up engagement in South China Sea
      350 22 Bloomberg Tokyo JAPAN’S new defence minister said on Thursday her nation would step up activity in the South China Sea, in comments made less than two weeks after Chinese President Xi Jinping urged Japan to “exercise caution” in the waters. “Japan
      Bloomberg  -  350 words
    • Article
      Lock icon India loses WTO appeal in solar power rift
      387 23 Ruling arising from US complaint is final; Delhi seen bringing its laws into compliance Reuters Geneva INDIA lost its appeal at the World Trade Organization in a dispute over solar power on Friday, failing to overturn a US complaint that New Delhi
      Reuters  -  387 words
    • Article, Illustration
      Lock icon NZ extends anti-money laundering rules to capture property agents
      355 23 Reuters Sydney NEW Zealand will extend its anti-money laundering laws to cover real estate agents and other professions amid fears that the country has become a soft target for illegal fund flows that have also helped inflate the property market. Soaring
      Reuters; PHOTO: BLOOMBERG  -  355 words
    • Article
      Lock icon Blow for Obama’s TPP as Vietnam Parliament defers ratification
      393 23 Reuters Hanoi VIETNAM will not include ratification of the Trans-Pacific Partnership (TPP) on its agenda for its next parliament session, an official said on Friday, adding to uncertainty over the future of US President Barack Obama’s signature trade deal. As arguably
      Reuters  -  393 words
    • Article, Illustration
      Lock icon Water protests in tech hub expose urban India’s growing pains
      760 24 Locals are angry at the pressure that new inhabitants put on resources Reuters Bengaluru ORACLE employees were at work on Monday when protesters entered their nine-storey building in India’s technology hub, Bengaluru, and asked them to leave in support of
      Reuters; PHOTO: REUTERS  -  760 words
    • Article
      Lock icon Suu Kyi urges businesses to invest in Myanmar
      374 24 Reuters Washington MYANMAR leader Aung San Suu Kyi urged businesses on Thursday to invest in the South-east Asian country as a way to advance its democratic transition, a day after US President Barack Obama pledged to lift long-standing sanctions on the country.
      Reuters  -  374 words
    • Article, Illustration
      Lock icon EU faces ‘critical situation’ after Brexit, warns Merkel
      722 25 German chancellor says the bloc simply has to improve AFP Bratislava GERMAN Chancellor Angela Merkel warned on Friday that the European Union (EU) faces a “critical situation” post-Brexit, as leaders met in Bratislava without Britain to plot a course for the future.
      AFP; PHOTO: AFP  -  722 words
    • Article, Illustration
      Lock icon City of London should not suffer from Brexit: Boris Johnson
      308 25 Reuters Florence, Italy BRITISH Foreign Secretary Boris Johnson said on Thursday that London’s financial sector was a “massive asset” to the whole of Europe and should not be weakened by Britain’s decision to leave the European Union. At a news
      Reuters; PHOTO: AFP  -  308 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      49 25 HOT PROPERTY PARKSTONE NEW BUNGLW Semi-d. 2.5 sty w/basement. 2800 to 4300 sqft, roof terr, Pool, lift. RARE BUNGLW IN Arthur Rd. 8000/ 4500. 2.5 sty, 5 bdrms. Wide frontage Good 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 Lessons from a much younger mentor
      1780 26 / 27  -  As technological change sweeps through offices, older workers are turning to their millennial colleagues for help and coaching. By Phyllis Korkki By Phyllis Korkki NYTimes HOW on earth did I become an “older worker”? It was only a few years ago, it seems, that
      NYTimes; PHOTO: BLOOMBERG  -  1,780 words
    • Article
      Lock icon Where is Google placing its bets?
      922 26 / 27  -  By Michael Wade, Andrew Tarling ~Michael Wade is a professor of innovation and strategy at IMD business school, and author of the new book Digital Vortex: How Today’s Market Leaders Can Beat Disruptive Competitors at Their Own Game. Andrew Tarling is a research associate
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  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Hedge fund-like mutuals losing shine
        1365 28 / 29  -  Liquid alternative funds were among the hottest investments just a few years ago. But there are signs that is about to change. By Randall Smith By Randall Smith NYTimes Mutual funds that mimic hedge fund s t ra t e g i es t h
        NYTimes; PHOTO: AFP  -  1,365 words
      • BROKERS’ TAKE
        • Article
          Lock icon Singapore Exchange | Accumulate
          206 28 / 29 Singapore Exchange Accumulate Target price: S$7.99 Sept 16 close: S$7.49 Phillip Securities, Sept 16 BY acquiring The Baltic Exchange, Singapore Exchange (SGX) seeks to capitalise on the intellectual property and institutional knowledge of The Baltic Exchange to expand the dry-bulk Freight Forward Agreement (FFA) user base, and to develop the
          206 words
        • Article
          Lock icon Sheng Siong Group | Hold
          206 28 / 29 Sheng Siong Group Hold Target price: S$1.13 Sept 16 close: S$1.075 UOB Kay Hian Research, Sept 16 INITIATE coverage with “hold” and a price earnings ratio-based target price of S$1.13. Sheng Siong Group (SSG) is a niche supermarket operator in Singapore, operating in an oligopoly with two giant competitors, Dairy
          206 words
        • Article
          Lock icon Frasers Logistics & Industrial Trust | Buy
          330 28 / 29  - Frasers Logistics Industrial Trust Buy Compiled by Kenneth Lim Target price: S$1.09 Sept 16 close: S$0.95 OCBC Investment Research, Sept 16 PROPERTY consultancy firm Jones Lang LaSalle (JLL) says the supply of industrial assets in Australia is expected to come in below the 10-year annual average of 1.7 million sq
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        Lock icon Singapore’s bond market still a good bet
        843 30  -  And it will continue the strong showing through the end of 2016. WEALTH INSIGHTS By Henrik Raber ~The writer is global head of capital markets at Standard Chartered Bank SINGAPORE’S primary bond market has enjoyed a strong run in 2016. Singapore dollar (SGD)
        PHOTO: REUTERS  -  843 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Game of Thrones bids to make Emmys history
      765 31 Epic is set to become most decorated fictional show since awards began AFP Los Angeles FANTASY epic Game of Thrones is poised to make television history at the 68th Emmy Awards on Sunday by becoming the most decorated fictional show since the
      AFP; PHOTO: REUTERS  -  765 words
    • Article
      Lock icon Abe cuts budget for centenarians’ gifts
      402 31 Bloomberg Tokyo ONE perk of getting old in Japan is a gift of a silver cup from the prime minister in the year that you celebrate your 100th birthday. But from this year, new centenarians will be sipping sake from cheaper vessels. The rising
      Bloomberg  -  402 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      309 31 CRYPTIC CROSSWORD Across 1 A chirpy host excited fund-raising outlet (7,4) 10 Daughter during dinner maybe will get award (5) 11 Dubious English queen with one noisy following (9) 12 Joy about origins of excellent victory and exalted feeling (9) 13 A period recalled in stadium (5) 14 Interfere in
      309 words
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      144 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLEE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      144 words