The Business Times, 26 September 2016

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1 26 The Business Times
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  • 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 26, 2016
    22 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,856.95 +29.50 KL COMP 1,670.99 +18.00 NIKKEI 225 16,754.02 +234.73 HANG SENG 23,686.48 +350.89 SHENZHEN B 1,189.90 +12.63 DOW 18,261.45 +137.65
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  • Article, Illustration
    Lock icon DAILY DIGEST
    227 1 Goldman Sachs is cutting almost 30 per cent of its 300 investment banking jobs in Asia outside Japan, sources say. TOP STORIES 2 Dutch asset manager Robeco is getting more cautious as low interest rates encourage fundamentally weak companies to take on more debt while yield-chasing private bank
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  • Article, Illustration
    Lock icon Indonesia steps up quest for infrastructure funds
    968 1  -  From wooing foreign investors to bringing home wealthy Indonesians’ offshore funds, the country is doing all it can to finance its ambitious development plans By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Jakarta HOWEVER you slice the pie, there isn’t enough capital within the country for
    Source: AsianBondsOnline  -  968 words
  • Article
    Lock icon Lippo eyes real estate investment fund listing in Indonesia
    780 1  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Jakarta LIPPO Karawaci is looking to list a real estate investment fund (Reif) in Indonesia, coming after the listing of two real estate investment trusts (Reits) in Singapore: First Reit in 2006, and Lippo Malls Indonesia
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      212 1 *****1 *****1 NEW RESTAURANT A carefully curated menu at Braci DINING OUT 25 TERRY O'CONNOR Courting an omni-channel future TOP STORIES 4 r.iiv THE LEGEND AMONG ICONS. Portugieser Perpetual Calendar. Ref. 5034: The moon has always exercised an nexplicable power of attraction over human beings. In the case of the
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      19 1 BRIDGING THE TRUST GAP What can business leaders and companies do to build trust? views from the top 16-17
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  • TOP STORIES
    • Article
      Lock icon Uncertainty prevails as markets are hooked on easy money
      842 2  -  But pronouncements and actions of central bankers are having less impact on markets By Neil Behrmann btworld@sph.com.sg London IT is eight years since the Lehman Brothers bankruptcy caused a selling climax in the severe 2008 global bear market crash. Since then
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    • Article
      Lock icon Goldman axing nearly 30% of Asia investment banking jobs: sources
      430 2 REUTERS London GOLDMAN Sachs is cutting almost 30 per cent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter said. The Wall Street
      REUTERS  -  430 words
    • Article
      Lock icon Stocks look set for a strong September finish
      998 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg THE central bank sponsored punch bowl is overflowing again and could transport US stocks to record highs. Stocks rose last week and are set up for a strong finish to the month and the year
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    • Article, Illustration
      Lock icon Terry O’Connor courting omni-channel future for Courts
      1453 4  -  Retail giant is making concerted efforts to stay relevant as retail scene shifts B y Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore CASHING IN on the demand for Apple’s latest product, the iPhone7, retail giant Courts Asia recently announced that it would offer a
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    • Article, Illustration
      Lock icon 2013: Penny stocks collapse
      321 4  -  Population White Paper raises tensions; haze hits record levels. BY KENNETH LIM HE year 2013 was a particularly touchy one for Singaporeans, with a stock market crisis, a blow-up over population policies and a record haze rubbing the nation the wrong way. The most impactful market
      BT Graphics: Angeline Ngiam  -  321 words
    • Article, Illustration
      Lock icon Low rates make Robeco more cautious
      604 4  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WITH significant rate hikes still appearing a distant prospect, Dutch asset manager Robeco says it is getting more cautious. Low interest rates are encouraging fundamentally weak companies to take on more debt, while yield-chas-ing private bank investors are
      604 words
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      185 2 TT A Iff A I group] I l U 111 u LIVE EXPERIENCE Join us for three Exclusive Made to Order Events By Master Artisans from Italy ft V-0 s UOMO COLLEZIONI Canali is back in Singapore CANALI 30 th Sept 2 nd Oci 2016 11am 9pm Book your appointment
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      268 3 3 cv -ts i, k n^-N 1/ k. Z?v o StarHub *> Jeetu Mahtani Managing Director, Global Bwiness Development HubSpot-i Adeline Quek Regional Lead Grab for Work gg »r-, r r~ your business ASbarHub HubSp>6t Free 3GB local data upsize S$150 handset discount* A Member of PetroChina Enjoy up to
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      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
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Meeting and measuring performance expectations
      880 5  -  Stakeholder expectations morph and benchmarks keep moving. So core competencies and capabilities must be monitored all the time. BY V RAMAKRISHNAN T The writer is a member of the Professional Development Committee of the Singapore Institute of Directors T For more articles, go to btd.sg/BMatters
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    • Article, Illustration
      Lock icon Looking beyond numbers is the way to go
      1098 6  -  World Business Council for Sustainable Development chief advocates sustainable development and wants to see the financial system changed. BY ANDREA SOH TOPLINE BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT Accountants will help save the world. So goes the bold proclamation by Peter Bakker, president
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    • Article
      Lock icon Director sales lacking for second week
      1643 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited. THE buying was flat while there were no sales by directors for the second straight week based on filings on the Singapore Exchange from Sept 19 to 23. A total
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    • Article, Illustration
      Lock icon Game-changing tech to shake up the built environment sector
      769 7 BT ADVERTORIAL FOR many lay people, modern buildings are more commonly associated with glass, steel and concrete than timber, which typically conjures up images of rustic homes and cottages. Not anymore. The ingenuity of modern building techniques and technology is creating
      PHOTO: Courtesy of JTC  -  769 words
    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      63 8 STI Catalist WEEKLY Straits Times Index Sept 23,2016 2,856.95 +29.50 (+1.04%) Current streak 1 day Week high 2,856.95 Week low 2,846.06 52-week high 3,068.46 (Oct 23, 2015) 52-week low 2,539.95 (Feb 12,2016) FTSE ST Catalist index Sept 23,2016 440.49 +11.17 (+2.60%) Current streak 3 days Week high 440.49 Week low
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 487.9 3.0 *****/9646 DBXT MSKorea US$ 5892 281.3 3.6 6041/4629 GLD US$ ***** 248.7 1.5 *****/***** DBXT Nifty50 ETF10 ***** 184.8 1.0 *****/***** SPDR S&P500 US$ ***** 183.5 0.6 *****/***** BY PERCENTAGE CLOSE UP 52w high/low GlobalYellow w*****5 1.6
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -266.4 -1.1 *****/***** JSH USD 3250 -54.4 -1.2 3417/2524 DBXT S&P Short US$ 1931 -43.5 -1.6 2362/1930 Great Eastern 2052 -28.0 -1.3 2332/1940 Courage Marine 80 -26.0 -24.5 130/61 BY PERCENTAGE CLOSE DOWN 52w high/low Viking W*****5 0.2 -86.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      64 8 VOL CLOSE($) CHANGE Yongmao 0.300 Singapore-eDev 0.029 Magnus Energy 58,905.6 0.002 China Great Land 0.013 Compact Metal 250.5 0.025 -0.002 -7.41 RickmersMaritime 4,053.3 0.043 -0.004 -8.51 Vashion 0.012 AsiaMedic 3,621.0 0.089 -0.006 -6.32 CMC Infocomm 0.078 FJ Benjamin 296.6 0.044 -0.002 -4.35 Shows the stocks with the highest
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    • Article, Illustration
      Lock icon Next up: Nov’s US presidential election
      635 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ONE constant theme throughout the past few years is that bad economic news is good for stocks because it means low interest rates and loose monetary policy should continue for longer. Last week’s rally in the US was
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    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 +8 247/237 257 209 6.2 6864.7 CapitaCom Trust 160 +2 160/156.5 164 127 5.4 4740.1 CapitaLand 316 +4 317/309 340 267 12.6 2.8 *****.6 CapitaMall Trust 212 +4 214/207 225 185
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Magnus Energy 703,225,100 Noble 588,160,000 Ezra 448,557,000 Annica 384,047,600 Addvalue Tech 357,498,500 Market volume 8,312,974,000 VALUE UOB 365,748,923 Singtel 291,629,986 DBS Grp 240,167,249 OCBC Bank 186,564,284 CapitaLand 155,290,560 Market value 4,333,311,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 23 VALUE CLOSE BT OB/OS -184.00 -52.00 BT CADI -*****.00 -9.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 689.70 +0.31 FTSE ST Small Cap 383.24 -0.03 FTSE ST All Share 701.75 +2.24 FTSE ST China Top 160.27 +0.88 FTSE ST China 196.82 +2.09 FTSE
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    • Article
      Lock icon SGX ETFs
      110 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap DBXT MS SING US$ US114.2 2300 -/-116.2/97.5 114.6/115 5.7 STI ETF 289 unch 1539 292/287 314/254 289/291 IS MS INDIA US$ US742 +10 624 746/730 772/575 741/744 92.8 Nikko AM STI ETF 296 +3 451 298/293
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    • Article
      Lock icon COMPANY MEETINGS
      127 8 COMPANY MEETING PLACE DATE TIME CMC Infocomm A Albizia Room (Lvl 2) Jurong Country Club 9 Science Centre Road 26-Sep 10.00am Huan Hsin Hldgs E Room Ficus 1 (Lvl 2) Jurong Country Club 9 Science Centre Road 26-Sep 10.00am Longcheer Hldgs S Courtyard 03 Oasia Hotel 8 Sinaran
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Sept 23,2016 701.75 +6.43 (+0.92%) Current streak 1 day Week high 701.75 Week low 699.51 52-week high 739.01 (OCt 23, 2015) 52-week low 629.34 (Feb 12, 2016)
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      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE Index Sept 23,2016 1,716.74 +51.97 (+3.12%) Current streak 1 day Week high 1,728.08 Week low 1,681.39 52-week high 1,777.37 (Oct 23, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 3 0 1 0 8 7 3 Manufacturing 61 46 25 16 12 12 77 58 37 Commerce 32 23 10 10 6 6 42 29 16 Tpt/Stor/Comms 24 10 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 63,107 578 63,685 180,042 94 180,136 Manufacturing 410,510 673,796 1,084,306 390,430 7,049 397,479 Commerce 788,271 155,748 944,019 389,556 2,515 392,071 Tpt/Stor/Comms 802,888 25,178 828,066 694,607 2,586 697,193 Finance 270,919 1,121 272,040 911,784 146 911,930 Construction
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    • Article
      Lock icon Opec unlikely to agree on production freeze
      552 8 COMMODITIES Paris CARTELS only work when their members stick together but precious little unity is likely to be on show among Opec producers at a key meeting in Algiers on Wednesday. Members of the Organization of the Petroleum Exporting Countries seem doomed to
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    • Article
      Lock icon PRIME LENDING RATES
      247 8 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 ...5.75 Bank
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    • Article
      Lock icon Why gold thrives in a weak economy
      371 9  -  COMMENTARY By Jerome Lee T The writer is a senior dealer at Phillip Futures WE’RE currently in the third quarter of 2016 and so far it has proven to be tumultuous for the global economy. Several events have contributed to the global economic
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    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        387 9 Sep 23 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9672.50 9715.00 9615.00 9615.00 *****2 *****6 Oct16 9710.00 9740.00 9645.00 9657.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Mar17 *****.00 *****.00 *****.00 *****.00 1979 1002 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 9 Most active Sep 23 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.9 0.3 ***** 0.1 1550 5 OCBC Bk MB eCW*****8 2.9 -0.6 ***** 0.1 915 4 UOB MB eCW*****1 10.7 -0.4 ***** 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 23 Index Change Change Change Change Change Change World Preliminary 1313.2 -0.2 2.8 0.0 -0.1 -0.4 4.3 EAFE Preliminary 981.1 -0.3 -3.2 -0.3 -4.1 -0.6 0.0 Europe Preliminary 1406.9 -0.4 -0.4
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Sep 23 $S Offer Bid 0vernight 0.05 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.05 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Sep 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.11 106.16 106.14 5-Year NX*****X 2.250 01-Jun-21 104.53 104.72 104.60 10-Year NX*****F 2.125 01-Jun-26 103.15 103.52 103.20 15-Year NZ*****F 2.875 01-Sep-30 109.84 110.30 109.80 20-Year NZ*****X 2.250 01-Aug-36 101.84
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Sep-23 Price Net change change Last Trade Agricultural Sep-23 CBOT Soybeans (US cents/bu) 955.00 -21.50 -2.20% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.31 -0.65 -1.91% 14/10/2016 CBOT Wheat (US cents/bu) 404.75 -0.75 -0.18% 14/12/2016 Sep-23 LIFFE Cocoa (£/tonne) 2290.00 -30.00 -1.29% 13/12/2016 LIFFE Coffee (US$/tonne) 1961.00 -36.00 -1.80%
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    • Article, Illustration
      Lock icon 112 companies join initiative for excellence in governance
      621 10 Key feature of Governance week is Statement of Support by corporates to uphold, advance good governance standards SIAS CORPORATE GOVERNANCE WEEK 2016 Singapore THE Securities Investors Association (Singapore) (SIAS) is holding the 7th Singapore Corporate Governance Week 2016 themed “Change and Innovation
      FILE PHOTOS  -  621 words
    • Article
      Lock icon Dutch speed trader eyes US ETF market
      647 10 BLOOMBERG London A HIGH-SPEED trader in Amsterdam with just 300 employees is taking on American Goliaths such as Citadel on their own turf. Flow Traders’ plan is simple, if counterintuitive: focus on the low volume, lesser-traded corner of the US$20 trillion-a-year market in
      BLOOMBERG  -  647 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      984 10 Payment Ex Rec Pay Ann (cts) date date date date 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 Aims AMP Cap Ind Reit (1 Apr-30Jun 2016)
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1136 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 0.07 10.46 0.89 0.68 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.98 1.62 1.41 ARA Asset Mgt 1.25 1.50 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      1995 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week 149 127 AIMSAMP Cap Reit 140.5 -1 1186 143 140.5 0.9 8.1 895.4 Div 144 101 ARA Asset Mgmt 136.5 +1.5 2049 137.5
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    • Article
      Lock icon SGX CATALIST
      383 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week Div 5 1.7 t Acesian Partners 3 unch 59 3 3 4.1 11.2 Net 0.6 0.1 t Advanced Systems 0.4 +0.1 122 0.4 0.2 10.5 46.5 29.5 t
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    • Article
      Lock icon SGX ETF
      159 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1210 1050 CIMBASEAN40 S$D 1192 +24 1 1192 1182 905 733 CIMBASEAN40 US$ US887 +16 7 887 878 139.1 3268 2355 DBXT China50 US$ US3208 +39 47 3268
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      121 5 There will be more than nine billion people to feed by 2050. Over the next 35 years, it’s estimated that the world’s population will swell by two billion. To keep up, global food production needs to increase by 70%. CME Group is helping farmers, ranchers, processors and producers meet this
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      46 6 AIRFRANCE X FRANCE IS IN THE AIR V V v 0* i S K ■VPN W X N i 7 1 i I PUTTING YOU AT THE CENTER OF OUR WORLD Welcome to our Business class, where your comfort is our priority. AIRFRANCE KLM 1 AIRFRANCE.SG
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      50 7 AccountServe A Stone Forest Company Globally Connected '"rsm Stressed Over Annual with ACRA and IRAS l Get quick and reliable help today! One stop convenience with customised solutions Team of professionals with over 25 years of experience www.AccountServe.com.sg lnfo(5)AccountServe.com.sg T+65 6222 6868 High Park Residences. PHOTO: Courtesy of P&T Consultants
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      94 9 Trade Gold For Gold Trade 1ozspotgold forlessthan US$100! Receive premium gold when you trade spot gold with Phillip Futures today.* 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg/gold All forms of investments carry risks, including the risk of losing more than the invested amount
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      95 11 Live Trading Mondays Learn the ropes of active trading from a professional trader at SGX Academy! Date 17 October 2016 Venue SGX Centre 1, Auditorium Time 9am 11.30 am For more information, visit sgx.com/academy Price Change 172.55 a. 'C Singapore Exchange This advertisement has been published for genial information only.
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Hong Kong chief executive pledges more land for low-income housing
      384 14 BLOOMBERG Hong Kong HONG KONG chief executive Leung Chun-ying pledged to provide more land to build apartments for low-in-come people in a bid to lower housing prices in the world’s least-afford-able city. Only a small portion of Hong Kong’s 11
      BLOOMBERG  -  384 words
    • Article, Illustration
      Lock icon US State Department maintaining Iran property valued at US$50m
      1162 14 The arrangement is one of the stranger consequences of the diplomatic freeze between the two former allies NYTIMES Washington THE US$12 million compound, once a playground for the Iranian ambassador and guests such as Elizabeth Taylor, Andy Warhol and Richard Nixon,
      NYTIMES; PHOTO: NYTIMES  -  1,162 words
    • Article
      Lock icon Room for improvement: Matchbox apartments in Paris
      695 14 AFP Paris THOUSANDS of Parisians round off a hard day’s work with a trudge up six flights of stairs to a tiny, stuffy room they resignedly call home. In a city where it is notoriously difficult to find a flat especially on a
      AFP  -  695 words
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      17 14 INSTANT MAKE-OVERS Top chefs glam up the humble instant noodle. Now cooking at leading bookstores and www.stpressbooks.com.sg
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      225 14 In Small Change 2, Goh Eng Yeow shares with us the criteria of picking dividend stocks. He also explains the effect of share buybacks on shareholders’ interest and how we should watch the insiders’ trades to catch the “buy” signal. He talks about the myths of “buy in January” and
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      Lock icon Page 14 Advertisements Column 3
      29 14 OCTOBERISSUE OUTNOW! This issue, learn how to look good with the best products in our 2016 Grooming Awards, as well as Instagrooming tips from TV star Elvin Ng. MENSHEALTH.COM.SG
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The future of mobile devices
      1215 15  -  Development of OLED technology could see future devices become as thin and light as a sheet of paper. BY ARTHUR LAI AND DENNIS CHAN T Arthur Lai is greater China hardware sector analyst and Dennis Chan is Asian handset sector analyst at Citi Research. Today’s
      PHOTO: BLOOMBERG  -  1,215 words
    • Article, Illustration
      Lock icon The direct-to-consumer threat to retail middlemen
      813 15  -  By Dan Fox Homan T The writer is European general retail analyst at Citi Research THE global apparel market is worth US$1.65 trillion annually, of which 12.1 per cent is now serviced by online retailers, up from 4.4 per cent five years ago, having
      PHOTO: BLOOMBERG  -  813 words
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      105 15 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
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      8 15 This series is brought to you by Cltl
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Bridging the trust gap
      5531 16 THIS WEEK’S TOPIC: What can be done by business leaders and companies to build trust? David Gerald Founder, President CEO SIAS Corporates have everything to gain by establishing a trusting relationship with stakeholders. The best way to build trust is not to create situations that would
      BT ILLUSTRATION; FILE PHOTO  -  5,531 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Goldman romps past JPMorgan in Wall St battle of ETF newbies
      925 18 But race for slice of US$3 trillion global market is just beginning, and the latter has plenty of time to catch up WP New York TWO of the financial industry’s biggest names Goldman Sachs and JPMorgan Chase Co are
      WP; PHOTO: BLOOMBERG  -  925 words
    • Article
      Lock icon Chinese investments in US set to hit new high again this year
      754 18 AFP Los Angeles FROM real estate to high-tech firms to entertainment giants, Chinese investments in the United States, notably California, are moving at a dizzying pace and are on course to smash records again this year. Chinese companies
      AFP  -  754 words
    • Article, Illustration
      Lock icon Yale outdoes Harvard with 3.4% gain in investments
      581 18 BLOOMBERG New York YALE University has posted a 3.4 per cent investment gain, besting rival Harvard University and most US college endowments which reported annual losses. The value of Yale’s endowment declined less than one per cent to US$25.4 billion because the
      BLOOMBERG; PHOTO: BLOOMBERG  -  581 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Indonesia struggling to tap volcano power
      788 19 High exploration costs and govt commitment among the enormous challenges facing sector AFP wayang windu, Indonesia COLUMNS of steam shoot from the ground at an Indonesian power plant sitting in the shadow of an active volcano, as energy is tapped from the red-hot underbelly
      AFP; PHOTO: AFP  -  788 words
    • Article
      Lock icon Fed rules seen speeding commodity trader exodus from banks
      459 19 BLOOMBERG New York THE spread of business and talent out of Wall Street and into merchant trading firms will probably accelerate after the Federal Reserve’s new bid to restrict bank commodity holdings, according to one employment specialist. The rules proposed last
      BLOOMBERG  -  459 words
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      73 19 THE POWER OF SHARING SHARING INFLUENCES LIFESTYLES “Withmorethan100magazinetitlesinprintanddigitalplatforms, wesharecontentthatinfluencelifestylesandstyles, shapingthewaypeoplelive,dress,eatandwork.” –SylvesterNg,Editor,ICON,SPHMagazines At SPH, we recognise the power of sharing in a world that’s more connected than ever, across multiple platforms. Sharing helps to bring about understanding of differences and change. From our newspapers to magazines, digital platforms to radio, out-of-home
      73 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Tech to block texting while driving not deployed
      1556 20 Companies fear losing their paying customers to competitors due to shutting off service NYTIMES New York THE court filings paint a grisly picture: As Ashley Kubiak sped down a Texas highway in her Dodge Ram truck, she checked her iPhone for messages.
      NYTIMES; ILLUSTRATION: NYTIMES  -  1,556 words
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      Lock icon Elon Musk gazes towards Mars as earthbound businesses hit a snag
      880 20 BLOOMBERG San Francisco WHEN Elon Musk takes the stage of the 67th International Astronautical Congress in Guadalajara, Mexico on Sept 27, it won’t be to rehash terrestrial concerns such as a fatal Tesla autopilot crash or a poorly received
      BLOOMBERG; PHOTO: REUTERS  -  880 words
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      Lock icon Snapchat introduces sunglasses that take videos
      459 20 AFP San Francisco VANISHING message service Snapchat said on Saturday that it will launch a line of video-catching sunglasses, a spin on Glass eyewear abandoned by Google more than a year ago. The California-based company, which also announced that it is changing its name
      AFP; PHOTO: AFP/ SNAP INC  -  459 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Sake’s overseas appeal grows as Japan market dries up
      791 21 Exports have doubled in the past decade to some 18,180 kilolitres AFP Ome, Japan OZAWA Shuzo brewery hums with activity as boxed bottles of sake are loaded onto trucks. But with the domestic market shrinking, more and more of it is
      AFP; PHOTOS: AFP  -  791 words
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      Lock icon Independence vital to Valli amid haute couture success
      668 21 AFP Milan GIAMBATTISTA Valli says his fledgling ready-to-wear line is thriving thanks to spillover synergy from a haute couture operation that has made him a darling of the celebrity A-list set. The Paris-based Roman designer has made his name with spectacularly beautiful
      AFP; PHOTO: AFP  -  668 words
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      735 21 NOTICES Te l 6 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 a s s c o m s g MERITUS
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      730 21 OUE HOTELS (JAPAN) PTE. LTD. (In Members’ Voluntary Liquidation) COMPANY REGISTRATION NO.: *****1963Z NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP.50) ON THE 19th DAY OF SEPTEMBER 2016,
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      341 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINO TAC HOLDING PTE LTD (Company Registration No. *****7012D) (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant to Section 179(6) of the Companies
      341 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon IMF, World Bank to debate ‘low growth trap’
      675 22  -  infrastructure spending is becoming central to arguments over whether governments should push fiscal spending as a way to overcome problems with monetary easing By Anthony Rowley btworld@sph.com.sg Tokyo WHAT the OECD (Organisation for Economic Co-operation and Development) has called the “low growth
      675 words
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      Lock icon US presidential debate expected to be rare draw in polarised age
      974 22 NYTIMES New York The uniquely uncivil presidential campaign is about to produce one of the biggest civic gatherings in decades: for 90 minutes on Monday night, a polarised nation will pause to watch the first head-to-head encounter between Hillary
      NYTIMES; PHOTO: AFP  -  974 words
    • Article
      Lock icon Corbyn victory leaves little resolved for UK Labour Party
      462 22 BLOOMBERG Liverpool JEREMY Corbyn’s victory in the UK opposition Labour Party’s leadership contest, for the second time in 12 months, did little to resolve differences between him and his Members of Parliament, and between them and grassroots party members. As the
      BLOOMBERG  -  462 words
    • Article
      Lock icon Cracks showing in Germany’s fragile truce with ECB
      960 22 REUTERS Berlin MICHAEL Stuebgen, a conservative member of the German Parliament, was speaking with the head of a local savings bank recently about the European Central Bank’s quantitative easing (QE) programme. “He told me the bond market was being emptied out,” Mr
      REUTERS  -  960 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon 660 of 245,000 recalled Takata airbag inflators rupture in testing
      1023 23 The bags rupture due to materials used and, to a lesser degree, manufacturing problems REUTERS BLOOMBERG, New York HUNDREDS of Takata Corp airbag inflators pulled from cars in the car industry’s biggest recall later ruptured in testing, showing the potential
      REUTERS; BLOOMBERG,; PHOTO: REUTERS  -  1,023 words
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      Lock icon Shipping line Hanjin claims price gouging at US ports
      697 23 BLOOMBERG New York HANJIN Shipping Co and its customers are being asked to pay more than usual to bring freight into US ports, creating a backlog that could keep goods off shelves during the holiday shopping season. Dockside servicers and transportation
      BLOOMBERG; ports, PHOTO: BLOOMBERG  -  697 words
    • Article
      Lock icon Airline emissions plan backed by 60 nations: White House
      611 23 BLOOMBERG Washington AT least 60 nations have agreed to join the voluntary phase of a United Nations programme that will require international airlines to buy credits offsetting their pollution, including new commitments from major emitters like Japan, South Korea and the
      BLOOMBERG  -  611 words
    • Article
      Lock icon For a driverless car, software update may remedy a recall
      793 23 WP Washington ABOUT 34 million US drivers have gotten bad news in the mail: their car has been recalled because the airbags might explode. Only a small fraction of them have responded to that or to a massive federal campaign
      WP  -  793 words
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  • Page 24 Advertisements
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      1983 24 S-*- THE BUSINESS TIMES Shipping times C a i l a n ~E n n o B r i s b a n e r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o
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      244 24 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 122 PRW006 27/09/2016 28/09/2016 Pelindo/Perawang DAILY Marco Polo 108 BST224 27/09/2016 28/09/2016 Buatan/Buatan DAILY Marco Polo
      244 words
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  • DINING OUT
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      Lock icon Food with enough twists to keep your interest
      1080 25  -  Serial restaurateur Beppe de Vito’s latest venture Braci features his creations, which have an Italian foundation with influences from all over. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Braci #05-02/06-01 52 Boat Quay Tel: 6866 1933. Open for dinner only Mon to
      1,080 words
  • Page 25 Advertisements
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      621 25 A special feature brought to you by STJOBS LEARNING DIGITALMARKETING MISTAKESTOBEAVOIDEDBY RICHARD WONG Digital marketing has been around since the 1990s. With the introduction of broadband technology at the turn of the century, digital marketing became more sophisticated. At the beginning of this decade, the proliferation of devices to access
      621 words
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  • LIFE & CULTURE
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      Lock icon American history is also the story of black America, says Obama
      1123 26 He says the newly opened National Museum of African American History and Culture ‘shows context for the debates of our time’ BLOOMBERG Washington THE American struggle to celebrate progress while pushing for more equality and opportunity is also the
      BLOOMBERG; PHOTO: REUTERS  -  1,123 words
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      Lock icon Out with hunks: fashion breaks codes for male models
      623 26 AFP New York MUSCULAR, classically chiselled male models are a dying breed as men are ever more chosen for thinness, even androgyny, in a fashion world playing with the notion of gender. It only takes looking back a decade to male
      AFP; PHOTOS: AFP  -  623 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      355 26 CRYPTIC CROSSWORD Across 1 Awful noise in part of garden separated off (9) 9 Valuable coin perhaps offered for food (7) 10 Keeping gold inside the theatre (7) 11 Unusable material was given label ‘Fifth grade’ (7) 12 Financial funds revolutionary’s hidden in straw stupidly (3,6) 14 I am restricted
      355 words