The Business Times, 29 August 2016

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1 26 The Business Times
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  • Title Section
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    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, August 29, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    221 1 For Wall Street, only a very strong or truly awful jobs report will drive stocks higher. TOP STORIES 2 In applying the edutainment tool of virtual reality to industry, Aviation Virtual’s simulation programme allows people to see what they are getting. COMPANIES MARKETS 6 The disruptive forces of
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  • Article, Illustration
    Lock icon Cash up or ship out: it’s the big O&M squeeze post-Swiber
    1392 1  -  Deleveraging and improving cash flow are key for offshore and marine players but time may be running out for some, say analysts By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore CASH flow statements and debt refinancing plans of O&M (offshore
    PHOTO: BLOOMBERG  -  1,392 words
  • Article, Illustration
    Lock icon Oxley turns tables on critics with overseas success in property
    1019 1  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore POLICEMAN-turned-property developer Ching Chiat Kwong of Oxley Holdings believes that his series of failures prior to his big break was what groomed his larger appetite for risk-taking in his business. And that has borne
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,857.65 +13.63 KL Comp 1,683.09 -4.59 Nikkei 225 16,360.71 -185.11 Hang Seng 22,909.54 -27.68 Shenzhen B 1,161.50 -5.45 Dow 18,395.40 -157.17
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      187 1 *****1 *****1 KEEPING UP WITH DISRUPTION What were the biggest takeaways from the 2016 National Day Rally? VIEWS FROM THE TOP 16-17 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 Portugieser
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      24 1 PYXIE MOSS One of the most refreshing, innovative concepts to open this year dining out/ 25 TOPLINE Singtel: Tapping high-performance markets companies markets 5
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  • TOP STORIES
    • Article, Illustration
      Lock icon Only a very strong or truly awful jobs report will drive stocks higher
      906 2  -  Fed officials have made the case for a rate hike, indicating that US growth is already sufficiently hot to raise rates WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg IN remarks at a central banking conference last Friday,
      PHOTO: BLOOMBERG  -  906 words
    • Article, Illustration
      Lock icon 2009: Dealing with a crisis
      320 4  -  Property cooling measures; first dip into national reserves; S-chip scandals. BY MINDY TAN KENNETH LIM HE world spent much of 2009 dealing with the impact of the global financial crisis, and Singapore was no different. Residential property prices shot up in the immediate aftermath of
      BT Graphics: Andrea Lee  -  320 words
    • Article
      Lock icon Vietnamese President in Singapore for state visit
      491 4  -  He will attend state banquet, business forum, and deliver 38th Singapore Lecture By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore VIETNAMESE President Tran Dai Quang arrived on Sunday in Singapore for a three-day state visit that not only will strengthen bilateral relations, but will also
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    • Article, Illustration
      Lock icon New musical talents strut their stuff in Sentosa
      141 4 Singapore LAST Saturday, a new generation of local music stars wowed a 3,000-strong crowd in Sentosa at Singapore Rhapsodies The Concert 2016. The new music festival is an initiative of the Sing50 fund, and provides a platform for collaboration within the music
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      201 2 A STAR ALLIANCE MEMBER t ENJOY NEW HEIGHTS OF FLYING WITH EXCLUSIVE ALL-IN MASTERCARD® FARES COPENHAGEN OSLO STOCKHOLM BUSINESS CLASS 44,508 FIRST CLASS BUSINESS CLASS ECONOMY CLASS ECONOMY CLASS .at ‘\-jt w a if" 1 .i«"" .,11" .A iM i ii hi if n h Chiang Mai Chiang Rai I
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      177 3 JAGUAR XJ NO ONE EVER SAYS “GO MEDIUM” V.S <■ c m > 'M m "i «L v inii 1 •'M in t* V rz a LU j M. j s-sas* v ?SS»2 The XJ 2.0 Standard Wheelbase (SWB) lets you live large in luxury, and it’s evident in every
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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 Tapping high-performing markets
      1389 5  -  Singtel says gains from enhancing its deemed stakes in top Indian and Thai telcos go far beyond increased earnings. TOP LINE BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT SINGAPORE Telecommunications’ (Singtel) recent move to enhance its deemed stakes in the top mobile operators of Thailand and India, Advanced
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    • Article
      Lock icon Crossing the governance chasm: from assessment to performance
      907 5  -  SID BOARDROOM SINGAPORE p,TX?oK MATTERS By Lawrence Loh T The writer is a member of the Singapore Governance and Transparency Index Committee of the Singapore Institute of Directors. CORPORATE governance rankings are attention-grabbing. This is rightly so, as directors and top managers
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    • Article, Illustration
      Lock icon Carro simplifies car buying, selling
      1195 6  -  Among the tools of the homegrown car portal are a proprietary machine-learning algorithm, and a 120-point inspection process. BY RENALD YEO yrenald@sph.com.sg BUYING and selling pre-owned cars can be a real hassle. From dealing with unidentified scratches on the trunk “Is the car really acci-dent-free?”
      PHOTO: AIDAN LOO  -  1,195 words
    • Article, Illustration
      Lock icon Applying the edutainment tool of virtual reality to industry
      1167 6  -  Aviation Virtual’s simulation programme allows people to see what they are getting By Tan Effie taneffie@sph.com.sg Singapore WHAT started out as an aircraft maintenance training system has now taken a life of its own. Aviation Virtual, a virtual reality (VR) solutions
      PHOTO: AIDAN LOO  -  1,167 words
    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      63 7 STI Catalist WEEKLY Straits Times Index Aug 26,2016 2,857.65 +13.63 (+0.48%) Current streak 1 day Week high 2,876.93 Week low 2,841.19 52-week high 3,068.46 (Oct 23, 2015) 52-week low 2,539.95 (Feb 12,2016) FTSE ST Catalist index Aug 26, 2016 437.43 +1.47 (+0.34%) Current streak 1 day Week high 437.77 Week
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    • Article
      Lock icon GAINERS
      78 7 BY CENTS CLOSE UP 52w high/low Hyflux 6% CPS 9749 313.0 3.3 *****/9300 UOB 1805 49.0 2.8 2078/1680 DBXT Vietnam US$ 2451 44.6 1.4 2533/2017 Lyxor Europe US$ 1278 44.6 2.7 1384/1150 DBXT Nifty US$ ***** 36.5 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low ITE Electric 5.5 175.0
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    • Article
      Lock icon LOSERS
      74 7 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -282.5 -1.6 *****/***** DBXT MSJAP US$ 4944 -104.1 -1.5 5021/4031 SPDR DJIA US$ ***** -101.4 -0.4 *****/***** SPDR S&P500 US$ ***** -94.6 -0.3 *****/***** Jardine C&C 4301 -88.0 -2.0 4520/2636 BY PERCENTAGE CLOSE DOWN 52w high/low Swee Hong 1 -92.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 7 VOL CLOSE($) CHANGE ITE Electric 1,682.0 0.055 +0.035 +175.00 Metech Intl 2,503.1 0.003 +0.001 +50.00 Infinio 3,141.9 0.002 -0.001 -33.33 Swee Hong 3,376.2 0.010 -0.006 -37.50 Eucon 201.0 0.013 -0.003 -18.75 Pharmesis Intl 8.5 0.400 +0.050 +14.29 Banyan Tree 687.8 0.420 -0.020 -4.55 China Yuanbang 4.6 0.340 -0.060
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    • Article
      Lock icon Dollar rebounds as hawkish Yellen prevails
      477 7 CURRENCIES REUTERS New York THE US dollar rallied to a two-week high against the yen and Swiss franc last Friday in volatile trading, as investors focused on Federal Reserve chairwoman Janet Yellen’s comments on an improving US economy that bolstered the case for an
      REUTERS  -  477 words
    • Article
      Lock icon STI STOCKS
      303 7 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 +3 248/242 257 209 6.2 6836.9 CapitaCom Trust 155.5 -1.5 157/153 159 127 5.5 4598.7 CapitaLand 312 +3 315/306 340 267 12.5 2.9 *****.7 CapitaMall Trust 216 -1 218/213 225 185
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    • Article
      Lock icon MOST ACTIVE
      34 7 VOLUME LionGold 674,719,200 Magnus Energy 560,222,800 Noble 372,613,300 HSI*****MBeCW*****9 275,516,700 CNMC Goldmine 101,874,700 Market volume 6,773,929,000 VALUE DBS Grp 261,478,344 UOB 213,120,853 Singtel 204,700,655 OCBC Bank 175,355,331 CapitaLand 139,627,000 Market value 3,731,334,000
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    • Article
      Lock icon SGX ETFs
      110 7 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 290 +1 1407 293/287 314/254 290/291 IS MS INDIA US$ US719 -12 976 730/719 772/575 717/720 89.9 Nikko AM STI ETF 297 +2 540 299/294 320/259 296/297 7.2 DBXT MSPHILS US$ US218.1 -1 216
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    • Article
      Lock icon COMPANY MEETINGS
      83 7 COMPANY MEETING PLACE DATE TIME Ace Achieve Info A Gelangal Room Level 4 Village Hotel 29-Aug 10.00am Katong 25 Marine Parade Blackgold Natural A NUSS Kent Ridge Guild House 29-Aug 9.00am 9 Kent Ridge Drive MS Hldgs A Raffles Marina 10 Tuas West Drive 29-Aug 10.00am Ocean Sky
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      Lock icon OTHER SINGAPORE INDICES
      77 7 Aug 26 VALUE CLOSE BT OB/OS -193.00 -70.00 BT CADI -*****.00 -81.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 680.87 -2.95 FTSE ST Small Cap 382.74 -0.62 FTSE ST All Share 700.06 -3.50 FTSE ST China Top 156.46 -0.93 FTSE ST China 187.08 -0.80 FTSE
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      Lock icon STI / FTSE ST All-Share WEEKLY
      36 7 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Aug 26,2016 700.06 +2.20 (+0.32%) Current streak 1 day Week high 703.56 Week low 696.80 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
      35 7 STI MSCI EAFE WEEKLY MSCI EAFE index Aug 26, 2016 1,702.43 +2.67 (+0.16%) Current streak 1 day Week high 1,711.62 Week low 1,702.17 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 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 10 2 1 0 0 6 10 2 Manufacturing 58 53 26 13 15 13 71 68 39 Commerce 28 29 12 5 7 7 33 36 19 Tpt/Stor/Comms 14 17 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 7 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 56,295 145 56,440 196,092 24 196,116 Manufacturing 370,247 818,072 1,188,319 346,153 8,635 354,788 Commerce 548,852 131,197 680,049 383,038 1,555 384,593 Tpt/Stor/Comms 326,838 8,741 335,579 566,324 861 567,185 Finance 93,633 337 93,970 702,191 41 702,232 Construction
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    • Article
      Lock icon PRIME LENDING RATES
      244 7 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, Illustration
      Lock icon Gold pares gains as Fed stirs doubt over rate hike timing
      424 7 TTCOMMODITIES REUTERS New York GOLD trimmed gains last Friday, while the dollar turned up and US stocks fell, as investors struggled to decipher the timing of a US interest rate increase following comments by Federal Reserve chair Janet Yellen
      REUTERS; FILE PHOTO  -  424 words
    • Article
      Lock icon Is gold really losing its lustre?
      355 8  -  COMMENTARY By Zhou Shiwei T The writer is an analyst at Phillip Futures. THERE is no doubt that gold has been one of the hottest investment products this year. According to World Gold Council, gold investment demand has reached a record high of 1,064
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    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        381 8 Aug 26 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9745.00 9810.00 9732.50 9767.50 *****9 *****0 Sep16 9765.00 9832.50 9757.50 9790.00 *****3 *****2 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Dec16 *****.00 *****.00 *****.00 *****.00 377 7654 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        210 8 Most active Aug 26 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 9.9 -1 *****6 0.0 1 HSI ***** MB ePW*****9 3.9 -0.8 ***** 0.0 1 DBS MB eCW*****1 12 1.3 ***** 0.1 1550
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 8 In local curr In S$ In US$ dy yr dy yr dy yr Aug 26 Index Change Change Change Change Change Change World Preliminary 1306.5 0.2 2.3 0.0 -0.9 0.2 4.1 EAFE Preliminary 965.8 0.0 -4.7 -0.2 -5.5 0.0 -0.8 Europe Preliminary 1394.8 0.5 -1.3
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Aug 26 $S Offer Bid 0vernight 0.15 0.10 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.17 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.80 0.60 3 months 0.90 0.70 6 months 1.25 1.05 9 months 1.45 1.25 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 8 Aug 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.53 99.54 99.54 5-Year NX*****X 2.250 01-Jun-21 104.35 104.43 104.43 10-Year NX*****F 2.125 01-Jun-26 103.15 103.30 103.20 15-Year NZ*****F 2.875 01-Sep-30 109.99 110.20 110.08 20-Year NZ*****X 2.250 01-Aug-36 101.92
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 8 Aug-26 Price Net change change Last Trade Agricultural Aug-26 CBOT Soybeans (US cents/bu) 990.75 -7.50 -0.75% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.95 0.04 0.12% 14/09/2016 CBOT Wheat (US cents/bu) 383.50 -17.75 -4.42% 14/09/2016 Aug-26 LIFFE Cocoa (£/tonne) 2429.00 3.00 0.12% 15/09/2016 LIFFE Coffee (US$/tonne) 1783.00 22.00 1.25%
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    • Article
      Lock icon Director buying stays active in absence of sellers
      1717 9  -  Buyback activity falls as 17 companies post 48 repurchases worth S$7.3 million, compared to previous week’s 18 firms, 54 trades and S$16.3 million INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited. BUYERS remained active while sellers
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1592 9 Payment Ex Rec Pay Ann (cts) date date date date ABR Hldgs aw 1.000 29-Aug 31-Aug 16-Sep 19-Aug Advancer Global aw 0.350 20-Sep 22-Sep 30-Sep 10-Aug Aims AMP Cap Ind Reit do 2.565 03-Aug 05-Aug 22-Sep 26-Jul Aims AMP Cap Ind Reit bi 0.096 03-Aug 05-Aug 22-Sep 26-Jul
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1160 9 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 10.45 0.89 0.68 AIMS AMP Cap Industrial Reit 1.00 1.00 4 0.11 13.19 1.57 1.40 ARA Asset Mgt 1.50 1.25 1 0.08
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    • Article
      Lock icon SGX MAINBOARD
      2002 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week 149 127 AIMSAMP Cap Reit 140 -3 1514 143 139.5 0.9 8.1 892.2 Div 144 101 ARA Asset Mgmt 136.5 -0.5 3420 139
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    • Article
      Lock icon SGX CATALIST
      257 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week Div GrYld Net MCap 44.5 29.5 t Advancer Global 42.5cd +5 ***** 43 36.5 16.9 73.6 LOW Company Sale 19.9 8.3 t Anchor Resources 10.4 -0.1 ***** 11
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    • Article
      Lock icon SGX ETF
      178 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 901 700 CIMBASEAN40 US$ US901 +12 0 901 890 141.3 3211 2355 DBXT China50 US$ US3093 -55 13 3145 3088 8.5 Week 385 190 DBXT MSBrazil US$ US369
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      7 5 T For more articles, go to btd.sg/BMatters
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      90 5 |m 4 it... Convenient Direct Chartered Flights for Singapore Businesses Trade in Goods Investment Cooperation Advanced Technology Trade in Services Cities of Charm High-end Forums ★This flight schedule is in local time and for your reference only. For more details, please contact the ticket sales agent as below: Universal Reliance
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      84 6 STAND OUT IN YOUR FIELD These companies are among the 16 finalists of the Emerging Enterprise Award 2016. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2016 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover of
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      164 8 Trade Gold For Gold Receive premium gold when you trade spot gold with Phillip Futures today.* 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg/gold 250 North Bridge Road #07-01 Raffles CityTower Singapore *****1 This advertisement is for general information only and does not constitute a recommendation, offer or solicitation to buy or sell any
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      71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • Article, Illustration
    Lock icon A badge of distinction
    878 11 The CFA® designation marks an individual as an elite member of the global investment management community ADVERTORIAL FROM persistent concerns over a hard landing in China to the impact of Britain’s exit from the European Union, the investment landscape has been roiled by uncertainty since the
    878 words
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      94 11 TLearn more at www.cfainstitute.org CFA Institute #CFAdifference 2016 CFA Institute. All rights reserved. “MY CLIENTS EXPECT GREAT INVESTMENT SERVICE. THEY DESERVE THE HIGHEST ETHICAL STANDARDS.” Anubhuti Gupta, CFA Ask firms why they employ investment managers with the CFA®designation and they’ll tell you that those letters represent a proven understanding of
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      4 11 A Difference That Matters™
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The big data revolution in energy
      1181 14  -  The relentless drive to cut costs and boost production is unleashing low-cost oil and gas. BY ANTHONY YUEN T The writer is global commodities strategist at Citi Research. The above is an extract from a July Citi GPS publication: “Disruptive Innovations IV: Ten more
      PHOTO: BLOOMBERG  -  1,181 words
    • Article, Illustration
      Lock icon Money, in the eye of the beholder
      913 14  -  Cosmic justice is often served in the game of wealth as people think in percentages, not absolutes MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT I was shopping for fruit at a Bangkok supermarket, feeling rather perplexed. There I was, a Singaporean earning a
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  • Page 14 Advertisements
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      113 14 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
      113 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Only in Palm Beach: The US$95 million teardown
      933 15 Russian billionaire breaking up estate bought from Donald Trump into three properties for sale NYT New York IN 2008, Donald Trump sold a Palm Beach, Florida, estate for US$95 million, making it the most expensive single residential property ever sold in town.
      NYT; PHOTOS: NYT  -  933 words
    • Article
      Lock icon Landmark San Francisco building sold for US$375m
      249 15 New owner of historic Phelan Building is a member of prominent Hotung family in HK REUTERS New York NEW YORK-BASED developer Thor Equities has sold the historic Phelan Building in San Francisco for US$375 million to a member of the prominent Hotung family
      REUTERS  -  249 words
    • Article, Illustration
      Lock icon Grooming talent for the accounting sector
      810 15 For 10 years and counting, SMU’s Master of Professional Accounting has been attracting top business and management executives ADVERTORIAL WHEN Chetan Mahendra decided to go back to school ten years after he joined the finance industry he found the perfect postgraduate programme in the
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      188 15 SMU MASTER OF PROFESSIONAL ACCOUNTING Opens Up a World of Opportunity Accounting is the language of business. Anyone seeking career advancement and professional growth will benefit from the SMU Master of Professional Accounting (MPA). Designed to develop your technical accounting competencies and business skills, the programme provides a technical grounding
      188 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Keeping up with disruption
      5263 16 THIS WEEK’S TOPIC: What are, for you, the biggest takeaways from the 2016 National Day Rally? Max Loh Managing Partner, ASEAN and Singapore EY SECURING Singapore’s future rests on seizing the upsides of disruption as a nation and the quality of its people, while advocating free
      PHOTO: MCI; FILE PHOTO  -  5,263 words
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      25 17 The full list of views from CEOs is available at http://businesstimes.com.sg Chinese Language Content SEE THE WORLD THROUGH THEIR BLOGS B&1E s: SCAN&READ < r ■k\km
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      37 17 >1» (*>» vs ca V' H' e O' 5, S» 00 A e 0°° «nS cr 6» C»v 0° s£ 1 Track your home’s financial performance Your confidential tracking page my Property Tracker x www.srx.com.sq/*****1 SRX.com.sg/property-tracker W v
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      191 17 This book guides us through the REITs investments in a step-by-step and comprehensive manner Coupled with actual case studies of REITs in Singapore, you will learn the methods to grow your wealth with the higher dividend/investment returns from REITs. Investing in REITs is equivalent to investing in properties, but with
      191 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Digging into the risks in China’s mounting debt
      888 18 If the debt triggers a crisis, the spark is more likely to come from corporations, banks BLOOMBERG Hong Kong SOME prominent investors are worried about China’s debt. George Soros sees an “eerie resemblance” between conditions in China now and those in the
      BLOOMBERG; PHOTO: AFP  -  888 words
    • Article
      Lock icon JPMorgan wants millennials to buy cars – so, naturally, it built an app
      507 18 JPMorgan wants millennials to buy cars so, naturally, it built an app BLOOMBERG New York MILLENNIALS, countless surveys will tell you, are not fans of big banks. They are smart, price-sensitive consumers who are far more likely than older customers to switch lenders if they find a better deal. They
      BLOOMBERG  -  507 words
    • Article, Illustration
      Lock icon Megabrew deal a boon for bankers and lawyers
      314 18 BLOOMBERG London BANKS, law firms, accountants, public relations companies and the taxman are lining up for about US$2 billion in fees and expenses from An-heuser-Busch InBev NV’s US$103.8 billion takeover of rival SABMiller Plc. AB InBev will pay out US$1.74 billion, the
      BLOOMBERG; PHOTO: AFP  -  314 words
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      880 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices (a business trust constituted on 7 May 2012 under the laws of the Republic of Singapore) Managed by Croesus Retail Asset Management Pte. Ltd. (Registration Number *****5175K) NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE APPLICATION OF DISTRIBUTION REINVESTMENT PLAN TO
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      351 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SWEE CONSTRUCTION PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company No: *****1725E) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the
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      932 18 In The Matter Of The Companies Act, Chapter 50, And In The Matter Of Berkat Shipping Pte Ltd (Company No. *****7491M) Statutory Declaration By Directors of Company’s Inability To Continue Business By Reason Of Its Liabilities I, Teo Cho Keng of 10 Berwick Drive, Serangoon Garden Estate, Singapore *****1 make
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Petronas C$11b Canada gas plan buoyed by aboriginal vote
      631 19 vote signalling openness to the project comes amid speculation that the location may be changed BLOOMBERG Calgary PETROLIAM Nasional Bhd’s proposed C$11 billion (S$ 11.5 billion) liquefied natural gas export plant in Canada is getting a boost as an aboriginal community
      BLOOMBERG; PHOTO: BLOOMBERG  -  631 words
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      Lock icon Batteries win biggest energy-storage contest of the year in UK
      628 19 BLOOMBERG London BATTERIES won big in the UK’s contest to provide power that can be dispatched quickly to help keep the electricity grid stable, a step that will help the nation expand the amount of renewable energy it’s using. National
      BLOOMBERG; PHOTO: BLOOMBERG  -  628 words
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      353 19 Learn about prevention, detection and treatment for heart related diseases and stroke from Dr Michael Lim, internationally reowned interventional cardiologist and also a regular contributor of health related articles in The Business Times every fortnightly. Learn about sleeping disorder, snoring, fatigue, and sinus problems from Dr Dennis Chua, Ear, Nose
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  • TECHNOLOGY
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      Lock icon Returnships: Tech firms offer path back to office
      1459 20 Internship programmes bring in mid-career women (and men) who’ve taken time out to care for family, and help firms plug leaky talent pipeline WP Washington TECH companies have tried everything to boost the low numbers of women in their ranks. Massive grants
      WP; PHOTO: BLOOMBERG  -  1,459 words
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      18 20 sniff out good deals at auctions Check out information on auctions in The Straits Times Notices. 14/myj jun
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      66 20 Owi h zvple,! Photos of NDP are also available. Browse all items at http://rn.photobank.com.sg Magic Mug Si o m OO COP* gjfStaJ EXCLUSIVE DESIGNS BY ST’S AWARD-WINNING ARTISTS s E SINGAPORE PRESS HOLDINGS PORTAL PHOTOBANK FotoHub From this moment All images used are for illustrative purposes only. Individual features may
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  • CONSUMER
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      Lock icon Top dairy exporter Fonterra struggling amid global dairy glut
      1535 21 Prices for whole milk powder have dropped by half over the past 3 years as purchases by China dwindle WP Washington IN THE shadow of a snow-dusted volcano on New Zealand’s North Island, a sprawling expanse of stainless steel vats, chimneys
      WP; PHOTO: BLOOMBERG  -  1,535 words
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      30 21 Paint the town red, or just your room Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-289 9988
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      1520 21 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices o State Bank of India With you alt the May (Incorporated in India) Corporate Centre: Mumbai 400 021., India BALANCE SHEET AS ON 31 ST MARCH 2016 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2016 INCOME To The
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  • GOVERNMENT & ECONOMY
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      Lock icon Talks on EU-US trade deal have failed: Germany
      556 22 Top diplomats say, behind the scenes, that negotiations may be suspended until after elections in the US, France and Germany AFP BLOOMBERG Berlin GERMANY’S Vice-Chancellor and Economy Minister Sigmar Gabriel said on Sunday that negotiations on a massive trade agreement between the
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      Lock icon Gender inequality costs Africa US$95b a year
      265 22 AFP Nairobi THE UN on Sunday urged African nations to close a gender gap that is costing an estimated US$95 billion a year in lost economic potential. “Where there are high levels of gender inequality, societies are missing out,” UN Development Fund (UNDP)
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      Lock icon India eyes huge investment to double its mining output
      518 22 BLOOMBERG New Delhi INDIA expects to woo one trillion rupees (S$22.2 billion) of investment over five years to double mining output and cut mineral imports. The government’s goal is to fast-track exploration, including upfront payments for discovered deposits when the mines
      BLOOMBERG  -  518 words
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      Lock icon Fed will need to tread carefully to avoid market crises: Mobius
      745 22  -  JACKSON HOLE CONFERENCE By Anthony Rowley btworld@sph.com.sg Tokyo NOW that US Federal Reserve chair Janet Yellen has said that the case for a rise in US short-term interest rates has “strengthened”, stock and bond investors in advanced and emerging
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      Lock icon Central bankers seek bold govt measures
      649 22 REUTERS Jackson Hole CENTRAL bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of
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      1724 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 298 PRW066 30/08/2016 31/08/2016 Pelindo/Perawang DAILY Marco Polo 132 TTS154 30/08/2016 31/08/2016 Tebing Tinggi/Jambi DAILY Marco
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  • DINING OUT
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      Lock icon On a roll with a handle on taste receptors
      1181 25  -  At Pyxie Moss, food is grown-up, inventive and sustainable but chef Ross-Watson doesn’t let go of that sense of fun and whimsy. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Pyxie Moss 43 North Canal Road Open Mon to Sat: 5pm to
      PHOTOS: JOHN HENG; PHOTO: JOHN HENG  -  1,181 words
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      43 25 B?*’ jyfc -ft us in u ai" l&l r KU***** without incurring any local data charges*! Only on MS'#® M Lianhe Wanbao LIANHE ZAOBAO and six other S|5l mobile apps UFM 100.3 Ujjbfe§XJErf4'Z]! *Only for mobile postpaid subscribers Find out more: http://bit.ly/ZB_ZeroRating E
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  • LIFE & CULTURE
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      Lock icon Pedal for charity and bond with colleagues
      854 26  -  Twelve firms sign up for Cycle of Hope, raising more than S$20,000 for charities in the process By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore EMPLOYERS in Singapore are riding on the annual OCBC Cycle this year’s event takes place on the Oct 1-2 weekend
      854 words
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      Lock icon Rosberg cruises to win in eventful Belgian Grand Prix
      418 26 Belgium NICO Rosberg rekindled his bid for the drivers’ world championship by steering his Mercedes to a convincing victory in Sunday’s chaotic crash-hit Belgian Grand Prix, as Lewis Hamilton fought back to finish third. Rosberg’s delight was reduced by his Mercedes
      PHOTO: AFP  -  418 words
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  • Page 26 Miscellaneous
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      380 26 CRYPTIC CROSSWORD Across 1 Type of politician feared, awful heel (10) 6 Counterpart gets work one way and another (4) 9 Frame no bother, finishing with fifty (5) 10 Vexed soldiers, if about to get caught in this? (9) 12 Noises from bats (7) 13 Give out old books to
      380 words