The Business Times, 11 September 2015

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Microfilm: NL33613
Total Pages: 38
1 40 The Business Times
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  • Title Section
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    19 1 THE BUSINESS TIMES www.businesstimes.com.sg FRIDAY, SEPTEMBER 11, 2015 S$1 .00 MCI (P) O39/08/2015 qlh A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article, Illustration
    Lock icon Singdollar stabilises, interest rates ease
    400 1  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singapore dollar (SGD) has stabilised somewhat, recovering from the year’s low on Tuesday and, with that, short-term interest rates have also eased. On Thursday, the SGD rallied to S$1.4155, off the low of S$1.4297 in highly volatile
    Source: Commerzbank  -  400 words
  • Article
    Lock icon Singapore votes, with 2.46 million at the polls
    620 1  -  After nine noisy days of campaigning, Singaporeans fan out to 832 polling centres to pick their representatives in the 13th Parliament By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AS many as 2.46 million voters will fan out across the island on Friday to
    620 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Seven parties make last push on broadcast media
      749 2  -  Their leaders take to TV and radio to ask voters for their vote come Friday SINGAPORE GENERAL ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT may have been Cooling-off Day on Thursday when campaigning was banned, but Singaporeans still had one more
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 2,888.03 (-40.15) HSTI FUTURES 2,889.00 (-40.00) HSIMSCI 321.97 (-5.47) HSIMSCI FUTURES 322.00 (-6.00) STOCKS Thursday Change KL COMP 1,614.02 +10.66 NIKKEI 225 18,299.62 -470.89 HANG SENG 21,562.50 -568.81 SET 1,396.16 -0.13 JAKARTA 4,343.26 -4.02 MANILA 6,893.54 -48.93 KOSPI 1,962.11 +27.91 SHENZHEN B 1,078.35 -5.43 MUMBAI IND 25,622.17 -97.41
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      • Article
        Lock icon PRIME RATES
        27 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.401 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.45
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.415 (US$/S$ per 1.537 2.175 EURO (US$/S$/€ 1.119 1.583 Foreign currency per US$ S$ YEN 120.90 85.50 RM 4.325 3.057 HK$ 7.751 5.478 BAHT 36.15 25.55 RUPIAH 14,325 10,126 RENMINBI 6.373 4.504 INDIAN RUPEE 66.49 47.00 A$ 1.411 0.998 NZ$ 1.580 1.116
        49 words
    • Article
      Lock icon China tightening capital controls: report
      349 3 AFP Shanghai CHINA is tightening capital controls following a devaluation of its yuan currency, the Financial Times reported, as worries about fund outflows rise. The State Administration of Foreign Exchange had ordered financial institutions to increase checks and boost controls on foreign exchange transactions, especially
      AFP  -  349 words
    • Article, Illustration
      Lock icon China deflation fears grow on biggest producer price dip in 6 years
      749 3 PPI down 5.9% in August from a year ago, its 42nd straight month of decline Reuters Beijing CHINA’S manufacturers slashed prices at the fastest rate in six years in August as commodity prices fell and demand cooled, signalling
      Reuters; PHOTO: AFP  -  749 words
    • Article
      Lock icon Firms, clinics prepare for worsening haze
      533 5  -  3-hour PSI hits new high of 207 while 24-hour PSI creeps up to 132-148 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AS the smog clouding Singapore thickens, led by the slash-and-burn agricultural activities in Indonesia, local businesses have activated precautionary measures, while more patients seek
      533 words
    • Article
      Lock icon Asia-Pac to soak up 40% of pilots, technicians
      395 6  -  Over next 20 years, region will also take delivery of most commercial jets By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Asia-Pacific will require 226,000 new commercial airline pilots and 238,000 maintenance technicians over the next two decades, making it the biggest driver
      395 words
    • Article
      Lock icon S&P cuts Brazil to junk status; bonds, Petrobras hit
      364 6 Bloomberg London BRAZILIAN bonds fell and shares of Petroleo Brasileiro tumbled in Germany after Standard Poor’s cut the sovereign’s credit rating to junk, fuelling bets outflows will accelerate from this year’s worst-per-forming Brics market. Yi e ld s on B raz
      Bloomberg  -  364 words
    • Article, Illustration
      Lock icon Apple’s pressure-based screens promise a world beyond cold glass
      876 7 In the long run, the force-sensitive technology also promises new or better applications Reuters Taipei BY ADDING a more realistic sense of touch to its iPhone, Apple Inc may have conquered a technology that has long promised to take us beyond
      Reuters; PHOTO: REUTERS  -  876 words
    • Article, Illustration
      Lock icon Everyone can play a part in fund-raising
      827 8  -  SATURDAY SOAPBOX By Paul Heng ~Paul Heng is the organising chair of the “50/50 TJC” fund-raising event. Those interested in donating to the three children-related charities can e-mail paulhenght@gmail.com ACCOM-PLISHEDparalympi-a n a n d Stage 4 leukaemia survivor Willi am T an successfully
      PHOTO: THE STRAITS TIMES  -  827 words
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      52 2 CONTENTS NEWS Top Stories 2-8 Companies Markets 9-11 Market stats 12-13 Real Estate 14-15 Banking Finance 16 Energy Commodities 17 Technology 18 Consumer 19 BT LIFESTYLE Cover 36-40 Cinema 35 Arts 34 Govt Economy 20-25 Opinion 26-27 Transport 28 Shipping Times 29-30 Crosswords 32 City Buzz 33 City Living 32
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      1631 4 (Incorporated in the Republic of Singapore) (Company Registration Number: *****2527Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventeenth Annual General Meeting of LIAN BENG GROUP LTD (the “Company”) will be held at 29 Harrison Road, Lian Beng Building, Singapore *****8 on Wednesday, 30 September 2015 at
      1,631 words
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      738 5 (Incorporated in the Republic of Singapore) (Company Registration Number: *****2527Z) NOTICE OF ANNUAL GENERAL MEETING(cont’ d from previous page) EXPLANATORY NOTES: 1. Mr Low Beng Tin will, upon re-election as a Director of the Company, remains as the Chairman of the Audit Committee and Nominating Committee and a member of
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      846 6 (Incorporated in the Republic of Singapore) (Company Registration Number: *****2527Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Lian Beng Group Ltd. (the “Company”) will be held at 29 Harrison Road, Lian Beng Building, Singapore *****8 on 30 September 2015 at 11.00 a.m.
      846 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Video kills again – this time ‘on demand’
      835 9  - Video kills again this time ‘on demand’ HOCK LOCK SIEW BY Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore LIKE the 1979 song “Video Killed The Radio Star”, video as in video-on-demand (VOD) platforms that let users watch TV shows and movies when they want to, as opposed to at a specific broadcast
      835 words
    • Article, Illustration
      Lock icon S&P bear case shows median stock above bull-market peaks
      592 9 Bloomberg New York IF you’re looking for a floor in equities, you may not want to look at research into the valuation of the average US stock authored by Leuthold Weeden Capital Management LLC. The study, published on Wednesday in a
      Bloomberg; PHOTO: AFP  -  592 words
    • Article, Illustration
      Lock icon Market observes its own cooling-off day
      535 10  -  STOCKS| Melissa Tan melissat@sph.com.sg @MelissaTanBT Reporter THE Singapore stock market had its very own cooling-off day on Thursday alongside the rest of the nation, staging no rally and quietening down in terms of volume. Though some market watchers had held out hope for a
      535 words
    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 103.3 0.4 *****/***** JMH USD 4870 99.0 1.5 6788/4620 DBXT S&P Short US$ 2271 62.2 2.0 2497/2104 DBXT MSKorea US$ 4846 28.3 0.4 6403/4478 CIMBASEAN40 S$D 1133 19.0 1.7 1440/991 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2 100.0
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    • Article
      Lock icon LOSERS
      77 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -191.0 -1.3 *****/***** Jardine C&C 2897 -96.0 -3.2 4293.1/2670 DBXT China50 US$ 2930 -91.9 -2.2 4258/2750 JSH USD 2764 -59.4 -1.5 3760/2706 DBXT AUDBonds AU$ ***** -49.1 -0.2 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low OLS W*****5 0.1 -50.0 -0.1
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME Ezra 40,695,500 Healthway Med 32,164,600 Noble 31,469,600 New Silkroutes 31,127,100 Yuuzoo 30,609,200 Market volume 1,097,306,000 VALUE DBS Grp 81,473,594 Singtel 79,625,586 UOB 47,408,818 Global Logistic 43,572,804 OCBC Bank 41,931,146 Market value 769,964,000
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    • Article
      Lock icon SGX wins awards for derivatives exchange, clearing
      316 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) retained its status as Derivatives Exchange of the Year and was named Central Counterparty of the Year by Asia Risk magazine. SGX's diverse offerings were cited in awarding it the title of derivatives exchange
      316 words
    • Corporate Digest
      • Article
        Lock icon Memstar Technology
        137 10 MEMSTAR Technology on Thursday converted its trading halt which was implemented on Monday to an immediate voluntary suspension pending the outcome of negotiation on revising key terms of a proposed reverse takeover deal with Longmen Group. In a statement to the Singapore Exchange, Memstar said discussions were preliminary
        137 words
      • Article
        Lock icon CapitaLand, Keppel Corp
        150 10 CAPITALAND said on Thursday that it is listed in the Dow Jones Sustainability World Index 2015 for the fourth consecutive year, placing it in the top 10 per cent of real estate developers among the world’s largest 2,500 companies, according to the S&P Global Broad Market Index
        150 words
    • Article, Illustration
      Lock icon China Sky shares dive as trading resumes
      479 11  -  By Tan Hwee Hwee hweetan@sph.com Singapore THE stock of China Sky Chemical Fibre plummeted as much as 45 per cent on Thursday when it resumed trading after a near four-year suspension. It opened at 9.8 Singapore cents, close to its pre-suspension last traded
      Source: Bloomberg  -  479 words
    • Article
      Lock icon Global Yellow Pages plans capital reduction to write off S$60m loss
      251 11  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GLOBAL Yellow Pages plans to reduce its share capital by S$59.8 million to write off the same amount of accumulated losses, the information directory company announced on Thursday after the market closed. The
      251 words
    • Article
      Lock icon HK watchdog says Moody’s misled public
      129 11 Bloomb erg Hong Kong MOODY’S Investors Service misled the public and violated a code of conduct when it disseminated a report about Chinese companies in 2011, Hong Kong’s financial regulator said. The report titled “Red Flags for Emerg-ing-Market Companies: a Focus on China,” was
      Bloomberg  -  129 words
    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 220 -3 221/217 271 213 6.6 5566.9 CapitaLand 280 -6 281/277 379 267 10.3 3.2 *****.7 CapitaMall Trust 189 -2 190/188 228 184.5 5.7 6559.1 CityDev 835 -10 843/831 1095 822 10
      305 words
    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 294 -3 325 295/291 355/287 293/294 DBXT MSBrazil US$ US250 -7 216 256/250 533/250 250/252 IS ASIA HYG US$ US1012 -3 120 1029/1009 1130/1007 1012/1028 Lyxor World US$ US162.7 +1.8 56 162.8/162.7 183.5/159 162.2/163.1
      110 words
    • Article
      Lock icon SIBOR
      28 12 Sep 10 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      797 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 7 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Group 09-Sep-15 Koh Wee Meng Buy 350 0.19 *****00 74.24 *****50 74.25 Fragrance Group 09-Sep-15 Lim
      797 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 3 0 0 0 2 8 3 Manufacturing 22 64 22 8 14 3 30 78 25 Commerce 17 20 15 1 7 6 18 27 21 Tpt/Stor/Comms 5 26 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,835 13,835 44,395 44,395 Manufacturing 125,989 44,894 170,883 72,166 2,048 74,214 Commerce 80,165 29,561 109,726 59,830 981 60,811 Tpt/Stor/Comms 134,362 351 134,713 137,447 27 137,474 Finance 18,630 5 18,635 185,780 1 185,780 Construction 10,105 1,170
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Sep 10 VALUE CLOSE BT OB/OS -256.00 -534.00 BT CADI -*****.00 -167.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 665.90 -6.80 FTSE ST Small Cap 400.36 -4.31 FTSE ST All Share 692.63 -9.09 FTSE ST China Top 166.21 -2.86 FTSE ST China 200.82 -3.50 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE Full Apex 111.5 0.046 -0.008 -14.82 ISR Capital 1,092.6 0.009 +0.004 +80.00 Lafe 49.7 1.500 +0.150 +11.11 China Hongcheng 1,000.0 0.003 -0.001 -25.00 Healthway Med 32,164.6 0.048 -0.008 -14.29 Xyec 111.0 0.190 +0.010 +5.56 ChinaKangdaFood 100.0 0.110 -0.005 -4.35 China Sky Chem 23,372.7 0.060 -0.042
      82 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Sep-9 Price Net change change Last Trade Agricultural Sep-9 CBOT Soybeans (US cents/bu) 882.75 -8.00 -0.90% 14/09/2015 CBOT Soybean Oil (US cents/lb) 26.60 -0.25 -0.93% 14/09/2015 CBOT Wheat (US cents/bu) 462.00 -3.25 -0.70% 14/09/2015 Sep-9 LIFFE Cocoa (£/tonne) 2189.00 36.00 1.67% 15/09/2015 LIFFE Coffee (US$/tonne) 1595.00 9.00 0.57%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Sep 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 2027.0 2012.0 2050.0 2025.0 15 1273 Oct 15 2046.0 2057.0 2107.0 2046.0 1431 ***** Nov 15 2100.0 2113.0 2159.0 2099.0 ***** ***** Dec 15 2166.0 2175.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Sep 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.9 102.05 101.93 5-Year N*****0S 2.000 01-Jul-20 98.73 98.85 98.75 10-Year NX*****Z 2.375 01-Jun-25 95.76 95.90 95.73 15-Year NZ*****F 2.875 01-Sep-30 96.58 96.55 96.55 20-Year NZ*****V 3.375 01-Sep-33 102.94
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Sep 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0019 1.0031 0.7083 0.7089 Canadian dollar 1.0723 1.0731 0.7584 0.7581 Euro 1.5828 1.5838 1.1190 1.1193 NZ dollar 0.8954 0.8960 0.6330 0.6332 Sterling pound 2.1744 2.1758 1.5372 1.5377
      155 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      201 13 Most active Sep 10 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.1 -0.1 ***** 1 1 37 8.00 23 FTSEChinaA50 ***** MBePW*****9 16.6 0.9 7120 0.0 0 FTSEChinaA50 ***** MBeCW*****7 16.2 -0.6 6645 0.0 --2
      201 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Sep 9 Index Change Change Change Change Change Change World Preliminary 1251.5 1.0 -1.9 0.5 2.5 0.9 -4.0 EAFE Preliminary 1005.1 2.5 1.8 2.0 4.1 2.3 -2.5 Europe Preliminary 1404.9 1.2 1.7
      373 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 13 ytd change: -14.18% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,843.39 on Aug 24,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 13 YTD change: -8.65% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,583.52 on Sept 7,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 13 ytd change: -1.14% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,289.87 on Sept 22,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +4.86% 52-week high: 20,868.03 on June 24,2015 52-week low: 14,532.51 on Oct 17,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 13 YTD change: -8.81% 52-week high: 18,312.39 on May 19,2015 52-week low: 15,666.44 on Aug 25,2015 (Chart shows Wednesday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
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      83 9 NOTICES ZAIDA INTERNATIONAL INC. Company No. *****37 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1)(a)(i) of the BVI Business Companies Act, 2004 that Zhang Yingzheng at 80 Robinson Road, #10-01A, Singapore *****8, has been appointed as the voluntary Liquidator of the Company pursuant to a
      83 words
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      89 11 3 readers will be picked every week to receive an exclusive invitation for two to the awards ceremony. There are a total of 15 readers who will stand a chance to win in this contest, where they will get to savourthe top 50 wines accompanied by a gourmet buffet spread.
      89 words
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  • REAL ESTATE
    • Article
      Lock icon Oversupply clouds China firm’s sukuk debut
      641 14 Country Garden’s RM1 billion programme is meant to finance an integrated resort project in Johor Bloomberg Kuala Lumpur THE debut Islamic bond by a Chinese issuer in Malaysia looks set to be clouded by concerns about oversupply of property in both countries. Country Garden
      Bloomberg  -  641 words
    • Article, Illustration
      Lock icon Rio’s property bubble bursts with buildings vacant and rents down
      736 14 Bloomberg Rio de Janeiro AT opposite ends of downtown Rio de Janeiro, projects tied to Donald Trump and Eike Batista one a billionaire-turned-poli-tician, the other Brazil’s most famous ex-billionaire have come to represent the city’s real estate bust. The 23-storey
      Bloomberg; PHOTO: BLOOMBERG  -  736 words
    • Article
      Lock icon Hotel room workspaces in US go casual
      1181 15 Younger travellers driving the changes, with their penchant for plugging in anywhere, anytime NYT As workers become less tethered to their desks, hotels are giving their old in-room workspaces the pink slip. Traditional, boxy desks with drawers are being replaced with more minimalist,
      NYT  -  1,181 words
    • Article
      Lock icon Manhattan church brings in Norway fund as partner
      457 15 Bloomberg New York LOWER Manhattan’s Trinity Wall Street Episcopal Church reached an agreement in principle to bring in Norway’s sovereign wealth fund as a partner for 11 of its office buildings in the borough’s Hudson Square neighbourhood. The church’s governing body voted
      Bloomberg  -  457 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon US prosecutors target individuals involved in corporate crime
      545 16 Settlements with companies will not shield individuals from prosecution or civil liability Bloomberg Washington THE US Justice Department is seeking to increase prosecutions of individual employees for corporate crime and coax companies to turn over evidence on executives after criticism that the
      Bloomberg; PHOTO: AFP  -  545 words
    • Article
      Lock icon Hedge funds bet against emerging market currencies
      302 16 Bloomberg Singapore HEDGE funds are piling into bets that the dollar will gain against emerging-market currencies,especially those vulnerable to falling commodity prices, according to a money manager which invests in the funds. The popularity of the trade will fuel volatility in those currencies
      Bloomberg  -  302 words
    • Article
      Lock icon Li Ka-shing offers slim payout to shareholders, promises sweet returns
      517 16 Owners cheer deal as Cheung Kong Infrastructure bids to buy its electricity arm Bloomberg Hong Kong THE last time Li Ka-shing, Hong Kong’s richest man, rejigged his corporate empire, he offered a slim payout to minority shareholders, who ended up
      Bloomberg  -  517 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon China firms curb conventional gas output
      491 17 But they keep shale targets, as Beijing tries to replicate US shale boom and plans hundreds of wells in Sichuan basin this year Reuters Beijing CHINA’S state energy giants are reducing output from conventional natural gas fields as demand growth for the fuel eases
      Reuters; PHOTO: BLOOMBERG  -  491 words
    • Article
      Lock icon US cuts coal output forecast to lowest in 3 decades
      243 17 Bloomberg Chicago THE US Energy Information Administration (EIA) lowered its forecast for coal production for a seventh time this year, projecting that output will drop to the lowest level in almost three decades. America’s coal output will shrink to 913.6
      Bloomberg  -  243 words
    • Article
      Lock icon Sibanye buys 3 platinum mines for US$330m
      481 17 South Africa operations were paralysed by a 5-month strike in 2014 Bloomberg Johannesburg CRIPPLING labour strikes, geriatric mines and precious metals prices scraping along at their lowest levels in half a decade don’t faze Neal Froneman, head of the world’s best-performing gold producer
      Bloomberg  -  481 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Apple TV gets makeover and its own App Store
      768 18 But it faces fierce competition from firms such as Amazon and Roku Reuters San Francisco WITH a long-awaited update to its TV set-top box, Apple on Wednesday revealed a glimpse of its plans to conquer the living room, which analysts say
      Reuters; PHOTO: BLOOMBERG  -  768 words
    • Article
      Lock icon New genetic test to detect cancer in healthy people
      782 18 Pathway’s screening represents a first in ‘liquid biopsy’ testing Reuters Chicago PATHWAY Genomics, a company known for pushing the boundaries of direct-to-consumer genetic testing, was to launch on Thursday a cancer screening test designed to detect bits of cancer DNA in
      Reuters  -  782 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Interest-paying e-wallets a challenge for Indian banks
      869 19 Central bank has licensed 11 such entities, called payment banks, which operate a lot like PayPal Bloomberg Mumbai A FLEET of Indian startups and telecom operators want customers to ditch their boring bank accounts and put their money into digital wallets. Their sales
      Bloomberg; PHOTO: BLOOMBERG  -  869 words
    • Article
      Lock icon Barnes & Noble shares at 14-year low as Nook business hurts results
      377 19 Barnes Noble shares at 14-year low as Nook business hurts results Bloomberg New York BARNES Noble Inc fell the most in almost 14 years after posting a US$34.9 million first-quarter loss, hurt by sharply declining sales in its Nook e-reader business. The net loss widened to 68 cents a share
      Bloomberg  -  377 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon August import prices post biggest drop in 7 months
      439 20 Export prices also fall, while wholesale inventories slip 0.1% in July LATEST US DATA Reuters Washington US import prices in August recorded their biggest drop in seven months as the cost of petroleum and a range of goods fell, indicating that
      Reuters; PHOTO: REUTERS  -  439 words
    • Article
      Lock icon BOE keeps rates at record low, says UK outlook remains sound
      520 20 British economy not affected by global turmoil led by China Bloomberg London BANK of England policy makers said the UK economy’s prospects remain positive and market turmoil related to China’s slowdown hasn’t shaken their view that the time for
      Bloomberg  -  520 words
    • Article, Illustration
      Lock icon Hike in UK minimum pay seen curbing job growth
      293 20 Reuters London A PLANNED increase in Britain’s minimum wage represents a gamble on the part of the government and could curb job growth, a top representative of the country’s employers said. John Cridland, director-gener-al of the Confederation of British Industry (CBI),
      Reuters  -  293 words
    • Article, Illustration
      Lock icon China market-rescue effort hurts brokerages more than it helps
      672 21 HK-listed shares of three securities firms tumble as they get hit by plunge in trading volumes, and are forced to pay part of rescue bill Bloomberg Hong Kong CHINA’S campaign to end its US$5 trillion equity rout is driving investors away
      Bloomberg; PHOTO: REUTERS  -  672 words
    • Article
      Lock icon Auditors uncover more accounting problems with Three Gorges Dam
      269 21 Reuters Beijing CHINESE government auditors have found more accounting problems with projects linked to the US$59-billion Three Gorges dam, the world’s biggest hydropower scheme, following a critical report last year that revealed nepotism and other corrupt practices. The state audit office
      Reuters  -  269 words
    • Article
      Lock icon ‘Women still barred from economic activity’
      492 21  -  World Bank: they face job restrictions in 100 out of 173 economies By Anthony Rowley btworld@sph.com.sg Tokyo THE list of legal barriers to the economic advancement of women across the world remains long, despite efforts to promote greater equality of opportunity for them, a
      492 words
    • Article, Illustration
      Lock icon Another day of market gyrations unnerves investors
      580 24  -  Asian currencies generally lose further ground, but yen manages to stay at 120 to the dollar By Anthony Rowley btworld@sph.com.sg Tokyo VOLATILITY continued to dominate financial markets on Thursday, causing Japan’s Nikkei 225 index to fall sharply in sympathy with falls in other
      PHOTO: REUTERS  -  580 words
    • Article
      Lock icon In ageing Germany, refugees are seen as tomorrow’s skilled workers
      587 24 Reuters Berlin WHILE many European countries say asylum seekers could damage their economies if they let in too many, Germany is counting on the record numbers pouring across its borders to save its own. Berlin estimates its working age population
      Reuters  -  587 words
    • Article
      Lock icon Greece lifts temporaryban on re-export of medicines
      344 24 Reuters Athens GREECE has lifted a ban on the re-export of medicines, which had been imposed for certain drugs in July at the height of concerns about possible shortages that risked leading to a humanitarian crisis. The National Medicines Agency said the temporary
      Reuters  -  344 words
    • Article, Illustration
      Lock icon China to open its onshore currency market to foreign central banks
      524 25 Move will help further Beijing’s push for yuan to join IMF’s basket of reserve currencies Bloomberg Beijing CHINA will open its domestic foreign-exchange market to overseas central banks, making it easier for other nations to hold yuan assets as
      Bloomberg; PHOTO: REUTERS  -  524 words
    • Article
      Lock icon Manila calls for closer integration of Asia-Pac financial markets
      368 25 Official was speaking at start of Apec meeting in Cebu Reuters Cebu ASIA-PACIFIC nations must integrate their financial markets more closely to boost trade and investment, the Philippines’ national treasurer told a meeting of finance ministry officials from the Asia-Pacific Economic
      Reuters  -  368 words
    • Article
      Lock icon Australia jobless rate falls to 6.2% in August
      301 25 AFP Sydney AUSTRALIA’S unemployment rate fell to 6.2 per cent in August with thousands of new jobs created, official data showed on Thursday, as the economy continues to shift away from a massive resources investment boom. A total of 17,400 jobs were
      AFP  -  301 words
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  • Page 22 Advertisements
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      291 22 World Amateur Golfers Championship SINGAPORE Join the national golf tour that allows you to compete with peers ENTRY FEE Qualifiers $568 Direct entry to Final $1,288 *Special packages available for corporate flights. SINGAPORE QUALIFIERS 25 September 2015 28 September 2015 2 October 2015 Selling Fast SINGAPORE FINAL 14 October 2015
      291 words
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  • Swing special by sphgolf
    • Article, Illustration
      Lock icon HE’LL TRY HIS LUCK AGAIN
      686 23  -  Report by DAVID LEE davidlee@sph.com.sg The hole-in-one prize for the SPH World Amateur Golfers Championship qualifiers and the final this year is a BMWi3 worth $166,800. And the golfer who managed to pull off the 12,750-to-1 feat at the inaugural edition last year, 54-year-old event
      686 words
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  • OPINION
    • Article, Illustration
      Lock icon The Internet of Way Too Many Things
      1420 26 / 27  -  The Internet of Things is pitched as good for the consumer. But is it? Let’s focus on making ‘smart’ a whole lot smarter. By Allison Arieff By Allison Arieff NYT AT a design conference recently, I was introduced to Leeo, a new product
      NYT; PHOTO: BLOOMBERG  -  1,420 words
    • Article, Illustration
      Lock icon To implement change, you must rewire your organisation
      814 26 / 27  -  By Michael Watkins ~The writer is professor of leadership and organisational change at IMD. He co-directs “Transition to Business Leadership”, a programme designed for experienced functional managers who either have recently transitioned or will soon transition into a business leadership position WHY
      PHOTO: FREEIMAGES  -  814 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Volvo to unveil luxury sedan next year to boost sales
      444 28 Carmaker is targeting S90 at potential buyers of BMW 5-Series, Mercedes E-Class or Audi A6 Bloomberg Munich VOLVO Car Group will introduce a new luxury sedan next year that will replace its struggling S80 model as the Swedish company takes
      Bloomberg; PHOTO: BLOOMBERG  -  444 words
    • Article
      Lock icon Engine type of BA jet that caught fire safe: General Electric
      471 28 GE90 is among world’s most reliable, adds manufacturer AFP Los Angeles THE manufacturer of the engine that burst into flames on a British Airways jet in Las Vegas said on Wednesday that other aircraft powered by the GE90 engines
      AFP  -  471 words
    • Article
      Lock icon Hijack suspected as M’sian ship goes missing in South China Sea
      320 28 AFP Kuala Lumpur MALAYSIAN authorities were Thursday searching for a cargo ship that has been missing for a week and is feared hijacked in the piracy-prone South China Sea, a coast guard official said. The owners of the Malay-sian-registered
      AFP  -  320 words
    • Article
      Lock icon SHIPPING TIMES
      1909 29 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 BTM PKL KUC KK JKT CALMY CORAL 092 60 21/9 23/9 NOBLE SW 1 60 1/10 3/10 SEA CORAL 73 60
      1,909 words
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  • BT Lifestyle
    • WINE
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        Lock icon A Tuscan diary
        968 31  -  At a little gem of a restaurant in a tiny Tuscan village, great wines can be found. By NK Yong NO wine column can be without the occasional comments about locations where good wine and good food can be found together without paying an arm and a
        968 words
    • CITY LIVING
      • Article, Illustration
        Lock icon There’s no culture like pop culture
        777 32  -  Get an exclusive first peek at new Star Wars collectibles and more this weekend. By Avanti Nim avantin@sph.com.sg DRESSING up isn't just for Halloween (or children) anymore. Dust off that cape purchased in a fit of nostalgia, drape it proudly over your shoulders, and
        PHOTO: SINGAPORE TOY, GAMES & COMIC CONVENTION STGCC 2015  -  777 words
    • ARTS/CITY BUZZ
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        Lock icon Stripped-down but satisfying Hamlet
        426 33  -  Shakespeare’s Globe touring production of Hamlet offers a simple staging of the classic with strong performances. By Helmi Yusof By Helmi Yusof helmi@sph.com.sg @HelmiBT NAEEN Hayat, the lead actor in Shakespeare’s Globe touring production, gives the most unusual interpretation of Hamlet this reviewer has ever seen.
        PHOTO: SHAKESPEARE'S GLOBE  -  426 words
      • CITY BUZZ BT writers'picks of what to see, do or talk about
        • Article, Illustration
          Lock icon Sushi chef takes on the world’s best
          230 33  -  By Tay Suan Chiang DINING Chef Damien Tan’s Premium Five Kinds of Sushi COULD Chef Damien Tan be the world’s best sushi chef? We will find out when he heads to the first Global Sushi Challenge in Tokyo on Nov 25. Currently a
          PHOTO: GLOBAL SUSHI CHALLENGE  -  230 words
        • Article
          Lock icon Six Characters in Search Of An Author
          168 33  -  SINGAPORE INTERNATIONAL FESTIVAL OF ARTS By Helmi Yusof ONE of the hotly anticipated productions at the ongoing festival is this seminal absurdist drama written in 1921 by Nobel Prize for Literature winner Luigi Pirandello. Although it has been staged countless times for close
          168 words
        • Article
          Lock icon Scott Bradlee’s Postmodern Jukebox
          141 33  -  CONCERT By Rachel Loi AMERICAN musician and composer Scott Bradlee started his career as a jazz pianist playing in bars and restaurants around New York City. In recent years, however, he has became a YouTube star with his own channel Postmodern Jukebox. His specialty is re-imagining
          141 words
        • Article
          Lock icon Power of Pop Songwriters Gallery
          151 33  -  MUSIC By Dylan Tan LOCAL singer-composer-pro-ducer Kevin Mathews is organising an all-star songwriters night next week. The Power of Pop showcase named after his music blog will feature sets from veterans of the industry such as Mathews himself alongside Hanging Up the Moon, Yee Chang
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    • ARTS
      • Article, Illustration
        Lock icon Poignant encounters in strangers’ homes
        460 34  -  Ordinary Singaporeans open their homes to the public and share stories of their lives including the painful, heartbreaking ones. By Helmi Yusof singapore international festival of arts By Helmi Yusof helmi@sph.com.sg @HelmiBT ONE of the quietest and yet unexpectedly revolutionary events at the Singapore International
        460 words
      • Article, Illustration
        Lock icon Madame Mao’s memories
        465 34  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT AN emotionally austere and intellectually demanding play on Madame Mao and her role in China’s Cultural Revolution is perhaps par for the course for the Singapore International Festival of Arts, whose theme this year is “Post-Empires”. Performed by acting students of Lasalle
        PHOTO: LASALLE COLLEGE OF THE ARTS  -  465 words
      • Article, Illustration
        Lock icon Extraordinary music
        349 34  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT MATTHIAS Goerne was born to sing the lieder. His interpretation of Schubert’s Winterreise (Winter Journey) at the Singapore International Festival of Arts is dark and haunting, with occasional well-judged moments of lightness and grace. As he traces the changing moods of a man
        PHOTO: KEVIN LEE  -  349 words
    • CINEMA
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        Lock icon Nuanced killer with a conscience
        578 35  -  Despite its flaws, Hou’s wuxia film is a great candidate for the year’s most beautiful film. By Geoffrey Eu TAIWANESEauteurHouHsiao-Hsien’s first foray into the wuxia genre, The Assassin, is notable more for its quiet elegance and evocative embrace of the details than any high-oc-tane martial-arts
        578 words
      • Article, Illustration
        Lock icon A middle child that’s beyond mediocre
        560 35  -  By Geoffrey Eu FIRST, there was the Maze a large stone labyrinth crawling with super-sized tech-no-tarantulas. Now there’s the Scorch, a desert-like wasteland that survivors of The Maze Runner (2014) have to navigate in order to reach safety. And don’t forget the Flare, a
        560 words
    • COVER STORY
      • Article, Illustration
        Lock icon BOTTOMS UP!
        703 36  -  What's a party without drinks? Bartenders come up with cocktails to represent the different party colours. Cheers. By Tay Suan Chiang By Tay Suan Chiang Name of cocktail: PAP Colour inspiration: White for People’s Action Party. By Kamil Foltan, head bartender at Tippling Club. Ingredients 25ml lemon juice
        703 words
      • Article, Illustration
        Lock icon DAY AT THE POLLS
        2836 38 / 39  -  The oyster omelette debate aside, newsmakers tell BT Lifestyle about what’s good to eat in their respective constituencies and their plans for Polling Day By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT By Avanti Nim avantin@sph.com.sg By Dylan Tan dylan@sph.com.sg @DylanTanSYBT By Cheah Ui-Hoon uihoon@sph.com.sg By Rachel Loi
        PHOTO: AUDI KHALID  -  2,836 words
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  • Page 32 Miscellaneous
    • Miscellaneous
      Lock icon Page 32 Miscellaneous Column 1
      372 32 CRYPTIC CROSSWORD Across 1 One enters this dirty city, only to come back (7) 5 Husband in game met by wounding remark? Nonsense (7) 9 Sob quietly and tremble it’s this crossword! (7) 10 Strike by head of governors hurt school (7) 11 Ravel put in a grave next to
      372 words
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      76 40 LifestyleBTTHE BUSINESS TIMES SEPT 11, 2015 POLLING DAY TREATS Newsmakers share tips on good eats near their polling stations and what they'll be up to after voting. 37-39 WINE A Tuscan diary 31 COMICS There’s no culture like pop culture 32 ARTS Stripped-down but satisfying Hamlet 33 CITYBUZZ Sushi chef
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