The Business Times, 1 September 2016

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Microfilm: NL33961
Total Pages: 36
1 36 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 Thursday, September 1, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    239 1 Asian bonds have given phenomenal returns, and will continue to do so, regardless of pending interest rate hikes, says UBS. TOP STORIES 2 Trans-Pacific Partnership members are likely to see an increase in cross-border M&As in the years following full ratification of the treaty. TOP STORIES 4 Singapore
    239 words
  • Article, Illustration
    Lock icon Singapore Reits hitting their limit over compliance rules
    659 1  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE real estate investment trust (Reit) managers believe the stricter rules that kicked in for the sector this year have raised the Republic’s Reit hub status. But they are quick to add that a breather is
    659 words
  • Article
    Lock icon MARKETS
    25 1 Wednesday Change STI 2,820.59 -7.80 KL COMP Closed NIKKEI 225 16,887.40 +162.04 HANG SENG 22,976.88 -39.23 SHENZHEN B 1,163.87 +0.99 Dow(11.45am EDT) 18,386.81 -67.49
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  • Article
    Lock icon Direction of DC rates reversed for three use groups – for six months
    1479 1  - Direction of DC rates reversed for three use groups for six months On average, these rates are up by 2.7% for non-landed residential use, 0.6% for commercial use and 1.4% for hotel/hospital use By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE government has reversed the direction of development charge (DC) rates
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  • Article, Illustration
    Lock icon Tourism industry keeps careful watch on Zika outbreak
    754 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore LOCAL tourism players say they have so far not had a spike in cancellations for travel and accommodation following the Zika outbreak in Singapore, but are nonetheless monitoring the situation. The rash of infections comes a
    PHOTO: REUTERS  -  754 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Surprise surge in financial sector lending in July
      546 2  -  Growth in this segment and lending to general commerce cushioned the dip in construction lending By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A SURPRISE Jump in loans to financial institutions and for trade lifted bank lending in July by 1.1 per cent from
      546 words
    • Article, Illustration
      Lock icon Asian bonds still attractive, says UBS fixed income manager
      709 2  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore ASIAN bonds have given phenomenal returns, and will continue to do so, regardless of pending interest rate hikes, said Ashley Perrott, UBS Asset Management (Singapore) head of Pan Asia Fixed Income. There are not
      709 words
    • Article
      Lock icon Fears of Zika’s effects may impact fertility, birth rates: specialists
      619 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore COUPLES may put pregnancy plans on hold in light of the spread of the Zika virus here, but if the situation continues, there could be a deeper impact on fertility and birth rates, interviewees
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    • Article
      Lock icon Singapore companies to benefit greatly from TPP
      897 4  -  Local companies will be better placed to make outbound investments in fellow TPP member countries By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore MEMBER states in the Trans-Pacific Partnership (TPP) are likely to see an increase in cross-border mergers and acquisitions (M&A) activity in the
      897 words
    • Article
      Lock icon BOJ more likely to go for easing with limp July data
      553 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo WITH further evidence emerging on Wednesday that Japan’s economy is continuing to stagnate, the Bank of Japan (BOJ) looks almost certain to adopt new monetary-easing tactics this month to forestall the economy’s sliding back
      553 words
    • Article, Illustration
      Lock icon China readies for G-20 meeting in Hangzhou
      617 4  -  By Virginie Mangin btworld@sph.com.sg Beijing ON Sept 4 and 5, China will host the Group of 20 (G-20) meeting in the southern city of Hangzhou. It will be the first time the world’s second largest economy will host this event, which brings together
      PHOTO: XINHUA  -  617 words
    • Article
      Lock icon Dual class shares: safeguards or minefields?
      1573 6  -  The SGX board should also consider if DCS are the way to build a sustainable exchange. COMMENTARY exchange.BY MAK YUEN TEEN T The writer is an associate professor in the NUS Business School where he teaches corporate governance and ethics. THE Singapore Exchange (SGX)
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    • Article, Illustration
      Lock icon Institutional money can fill gap in Asean infrastructure financing: HSBC
      901 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore GOVERNMENTS in Asean have been moving to tackle the pressing need of infrastructure financing in this region. A recent HSBC report says the Asean Economic Community (AEC) may go some way to ease the
      PHOTO: YEN MENG JIIN; Sources: UN, national budgets, HSBC calculations  -  901 words
    • Article, Illustration
      Lock icon Partnering competitors – Reits find ways around disruption
      566 6  - Partnering competitors Reits find ways around disruption By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore REAL estate investment trusts (Reits) have their ways of dealing with competition from disruptors such as Airbnb and e-commerce, whose consumers tend to be more price- sensitive, they say. One way is by working with the competition.
      FILE PHOTO  -  566 words
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      88 2 4 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 foryour reference only. For more details, please contact the ticket sales agent as below: Universal Reliance (Group) Pte Ltd
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      69 3 Asset Management Wealth Management Asset Services Entrepreneurs shouldn’t have to be their own wealth managers. 1 mmm 1 11 mn&i ■m ii i mm It 'V 1- m li! li-li HIS F f zk 1 > MmI i iiy-n i ji j w* ■4 Hf y* 4-i r:i» A. K.
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  • Page 5 Advertisements
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      238 5 THE GREAT SINGAPORE AIRLINES c c n n GREAT PLACES GREAT PRICES GREAT PERKS There’s no better time to book your Singapore Airlines trip. Book from 1 30 September to enjoy amazing perks and a chance to win in our lucky draw. In addition, enjoy exclusive deals from participating credit
      238 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      42 7 People are at the heart of everything we do. Thank you to our employees for making us: BEST EMPLOYER SINGAPORE 2016 Aon BESTEMPLOYERS mundipharma SINGAPORE 2016 INNOVATORS IN HEALTHCARE 60 years. 6 continents. 4 billion patients. 6 therapeutic areas. 38 medicines. www.mundipharma.com.sg
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  • COMPANIES & MARKETS
    • Article
      Lock icon Hard to escape governance risks of dual-class shares
      772 8  -  HOCK LOCK SIEW BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT IF the Singapore Exchange (SGX) wants to have dual-class shares, it will have to avoid some of the missteps by its rival in Hong Kong, but may ultimately still have to accept higher levels
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    • Article, Illustration
      Lock icon S’pore August market cap flat after July’s nine-month high
      600 8  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE stocks lost a bit of ground in August, with the total value of the market dropping marginally to S$860 billion from July’s nine-month high of S$860.4 billion. But the August overall market capitalisation is
      Compiled by BT  -  600 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds
      305 8 As at Aug 31, 2016 GROSS REDEMPTION YIELD YEAR RAISED NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT (S$m) COUPON RATE INTEREST YEAR RAISED ISIN CODE MATURITY DATE CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) 01.04.2017 N*****0Z 2010 2 3/8 7500.00 1/10 1/4
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    • Article
      Lock icon UOB latches onto 500m yuan in Asean-Chongqing investment flows
      282 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UNITED Overseas Bank (UOB) said on Wednesday its China arm has facilitated cross-border investments of more than 500 million yuan (S$ 102 million) between Chongqing and South-east Asia since the start of this year. Close
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    • Article
      Lock icon World’s top-performing fund running out of good stocks to buy
      840 8 BLOOMBERG Mumbai THE world’s best-performing stock fund is discovering the downside of success. After producing a three-year return of 275 per cent, more than any other equity fund with at least US$500 million, managers of the DSP BlackRock Micro Cap
      BLOOMBERG  -  840 words
    • Article
      Lock icon Payment firm Nets to announce IPO plan: sources
      169 8 REUTERS Copenhagen DENMARK-BASED card payment services company Nets will announce its plan for an initial public offering (IPO) on Thursday, sources said on Wednesday. An IPO of the Nordic financial technology company on the Copenhagen bourse had been targeted since its acquisition
      REUTERS  -  169 words
    • Article
      Lock icon CapitaLand unveils mall management strategy
      550 10  -  Deal to manage mall in Changsha marks asset-light strategy to expand retail footprint By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CAPITALAND is expanding into third-party retail mall management, a move which analysts say can boost profitability but may lead to brand dilution if not executed well.
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    • Article
      Lock icon Singapore mom-and-pop investors face losses as bond risks spread
      837 10 This year’s retail issues of Singdollar notes currently below par sales value BLOOMBERG Hong Kong SINGAPORE millionaires stung by the misery of recent bond defaults now have company as the fallout threatens losses for mom-and-pop investors. All four new issues of
      BLOOMBERG  -  837 words
    • Article
      Lock icon Foreign investors turn sellers in Vietnam after 10-year spree
      425 10 BLOOMBERG Hanoi FOREIGN investors’ infatuation with Vietnam is waning. After pumping in US$3.4 billion since 2006, overseas traders are set to be net sellers of assets traded on the Ho Chi Minh City Stock Exchange this year for the first time
      BLOOMBERG  -  425 words
    • CORPORATE DIGEST
      • Article
        Lock icon DBS Group Holdings
        135 10 DBS Group Holdings has priced its issue of US$750 million perpetual securities at 3.6 per cent. The securities, expected to be issued on Sept 7, were 8.7 times subscribed, with an order book close to US$6.5 billion. The distribution rate of 3.6 per cent a year will
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      • Article
        Lock icon Roxy-Pacific Holdings
        120 10 A UNIT of property developer Roxy-Pacific Holdings has inked a conditional agreement to buy a freehold residential site at Pasir Panjang Road for S$33.25 million, it said in a Singapore Exchange filing on Wednesday. The site, known as Harbour View Gardens, has an estimated total land area of
        120 words
      • Article
        Lock icon Swee Hong Ltd
        74 10 ENGINEERING group Swee Hong Ltd on Wednesday night said it has recorded three consecutive years of pre-tax losses, and that its latest six-month average daily market capitalisation is below S$40 million (as at Wednesday, this was at S$27.7 million) meeting the criteria of being placed on a
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      • Article
        Lock icon Vallianz Holdings
        98 10 vallianz said on Wednesday night that certain entities within the group have recently received letters from the interim judicial managers (IJMs) of Swiber Holdings and Swiber Offshore Construction (SOC), requesting payments totalling approximately US$63.5 million, which the IJMs claim to be funds owed to Swiber and SOC. vallianz
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    • Article, Illustration
      Lock icon STI / Catalist
      65 12 STI Catalist Straits Times Index Aug 31, 2016 2,820.59 -7.80 (-0.28%) Current streak 4 days Day high 2,833.42 Day low 2,816.64 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Aug 31, 2016 435.42 -4.44 (-1.01%) Current streak 1 day Day high 438.83
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    • Article, Illustration
      Lock icon S’pore shares slip further on oil, gas woes
      621 12  -  Large caps dominate trading activity; Noble closes 3.3% down to 11.9 Singapore cents STOCKS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT SINGAPORE shares fell for the fourth straight session on a relatively quiet Wednesday as ongoing pressure in the oil and gas sector continued
      Source: Bloomberg  -  621 words
    • Article
      Lock icon STI STOCKS
      302 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 unch 246/244 257 209 6.3 6809.1 CapitaCom Trust 154.5 unch 155/154 159 127 5.6 4569.1 CapitaLand 307 unch 308/306 340 267 12.3 2.9 *****.9 CapitaMall Trust 216 +2 216/211 225 185
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    • Article
      Lock icon MOST ACTIVE
      35 12 VOLUME Noble 113,468,100 HSI*****MBeCW*****9 40,710,200 Golden Agri-Res 32,084,900 ThaiBev 31,833,300 APAC Strategic 31,285,000 Market volume 1,177,965,000 VALUE Singtel 98,618,558 DBS Grp 61,703,234 UOB 45,236,632 OCBC Bank 41,114,306 Ascendas Reit 33,328,083 Market value 941,864,000
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    • Article
      Lock icon SGX ETFS Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US750 +15 508 750/730 772/575 736/750 93.8 STI ETF 286 -2 378 288/286 314/254 286/288 DBXT MSBANGL US$ US101.8 +0.5 70 101.8/101.8 106/93.7 -/-4.2 DBXT MSPHILS US$ US212.2 -2.3 49 213.6/212.2 222.5/158.5
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Aug 31 VALUE CLOSE BT OB/OS -237.00 +40.00 BT CADI -*****.00 -30.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 677.21 -1.34 FTSE ST Small Cap 380.18 +0.25 FTSE ST All Share 692.79 -1.66 FTSE ST China Top 155.71 -0.41 FTSE ST China 187.29 +0.80 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 12 STI FTSE ST All-Share FTSE ST All-Share index Aug 31,2016 692.79 -1.66 (-0.24%) Current streak 1 day Day high 694.95 Day low 691.96 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article
      Lock icon GAINERS
      74 12 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 125.5 0.4 *****/***** DBXT Nifty US$ ***** 98.2 0.5 *****/***** Jardine C&C 4250 71.0 1.7 4520/2636 Haw Par Corp 916 25.0 2.8 946/720 DBXT Vietnam US$ 2455 21.8 0.7 2533/2017 BY PERCENTAGE CLOSE UP 52w high/low Next-Gen Sat 0.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 12 VOL CLOSE($) CHANGE APAC Strategic 31,285.0 0.004 -0.001 -20.00 ChinaKundaTech 6,150.0 0.016 +0.001 +6.67 Ocean Sky Intl 157.3 0.045 -0.014 -23.73 Vashion 62.4 0.007 +0.003 +75.00 Chew's 71.0 0.285 +0.035 +14.00 Dragon 2,419.6 0.010 +0.004 +66.67 Captii 73.9 0.480 -0.020 -4.00 FJ Benjamin 358.0 0.051 -0.005 -8.93 Delong
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 12 STI MSCI EAFE msci eafe index Aug 30,2016 1,688.95 +0.70 (+0.04%) Current streak 1 day Day high 1,694.96 Day low 1,685.43 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 5 0 1 0 6 5 5 Manufacturing 27 36 23 10 7 12 37 43 35 Commerce 17 19 14 3 3 3 20 22 17 Tpt/Stor/Comms 7 19 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,608 35 11,643 40,063 6 40,069 Manufacturing 99,410 25,289 124,699 108,051 838 108,889 Commerce 142,231 15,458 157,689 79,566 529 80,095 Tpt/Stor/Comms 92,207 1,508 93,715 182,473 147 182,620 Finance 18,415 70 18,485 167,426 9 167,435 Construction
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    • Article
      Lock icon LOSERS
      69 12 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -100.9 -0.6 *****/***** JMH USD 5985 -66.8 -0.8 6160/4500 CIMBASEAN40 US$ 871 -40.9 -3.3 901/700 DBXT China50 US$ 3104 -32.7 -0.8 3211/2355 SATS 471 -15.0 -3.1 497/346 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -50.0 -0.1 0.6/0.1 SingTelMBeCW*****4 6.7
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore real estate investment trusts (S-Reits)
        209 12 Credit Suisse, Aug 31 THE S-Reits have raised about S$1.5 billion year-to-date with the largest deal being Mapletree Commercial Trust’s (MCT) S$1 billion private placement and preferential offering for the acquisition of mbc Phase 1. Recent deals have been priced at about 2-4 per
        209 words
      • Article
        Lock icon SATS | Hold
        195 12  - SATS Hold Compiled by Kenneth Lim Target price: S$4.64 Aug 31 close: S$4.71 CIMB Research, Aug 30 SINGAPORE’S H1 2016 tourist arrivals of 8.2 million did not surpass our base-case expectations, at 49 per cent of our annualised target of 16.2 million to 16.5 million (+7 to 8 per cent
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    • Article
      Lock icon CALENDAR
      12 12 DATA I Sept 1 US initial jobless claims China manufacturing PMI
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    • Article
      Lock icon US$ hits one-month high against yen
      380 13 CURRENCIES REUTERS London THE US dollar rose to a one-month high against the yen on Wednesday on speculation the US Federal Reserve would raise interest rates in the coming months. The US currency has gained almost 3 per cent versus the yen since Friday,
      REUTERS  -  380 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 13
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 13 Aug 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 5.017 0.675 5.827 50.330 99.759 0.776 8.385 3.043 1.037 78.703 35.002 1.025 10.846 0.739 23.839 26.022 0.573 0.751 Canada 1.016 5.097
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 13
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        Lock icon DOW JONES
        2 13
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      • Article, Illustration
        Lock icon NIKKEI
        1 13
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 13 Aug 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0244 1.0251 0.7511 0.7513 Canadian dollar 1.0407 1.0415 0.7633 0.7631 Euro 1.5184 1.5196 1.1133 1.1137 NZ dollar 0.9876 0.9886 0.7241 0.7245 Sterling pound 1.7863 1.7879 1.3097 1.3103
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 13 Aug 31 S$ Bid Offer 1-month 1.3638 1.3648 2-months 1.3640 1.3647 3-months 1.3641 1.3648 6-months 1.3641 1.3650 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 13 Most active Aug 31 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 9.2 -0.6 ***** 0.0 1 OCBC Bk MB eCW*****8 3.8 -0.1 3344 0.1 915 5 DBS MB eCW*****1 10.8 -0.4 2840 0.1 1550
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 13 In local curr In S$ In US$ dy yr dy yr dy yr Aug 30 Index Change Change Change Change Change Change World Preliminary 1308.1 0.0 2.4 0.1 -0.3 -0.1 3.6 EAFE Preliminary 971.6 0.3 -4.1 0.3 -5.4 0.0 -1.6 Europe Preliminary 1398.7 0.4 -1.0
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 13 Aug 31 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9782.50 9867.50 9775.00 9825.00 *****8 *****8 Oct16 9805.00 9877.50 9785.00 9835.00 2139 100 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Dec16 *****.00 *****.00 *****.00 *****.00 1132 7860 MSCI TAIWAN
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        271 13 Aug-30 Price Net dung ‘in change lasmade ‘U‘Hlmll3I New CBOT Saybeans 0.6 cams/tau) 965.50 -17.75 4.81% MIG?/arho CBOT5ow:IenirI Oil (US cimts/lb) 3273 4308 43.3% M-‘OW’.-.U'Ib' C0I’JTV\fl Ni‘ 0.15 mnrsmua *****5 -7 23 I 96% uM)9‘i'D!F.-503-30 LIFFE coma (fauna 23:-‘|.[)o 45.90 4 ECPg~ 15/M2015 um: apnea wssmqne) -nauuu -4.00
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 13 Aug 31 $S Offer Bid 0vernight 0.01 Par 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.40 US$ 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
        63 13 Aug 31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.24 5-Year NX*****X 2.250 01-Jun-21 104.25 104.29 104.18 10-Year NX*****F 2.125 01-Jun-26 102.86 103.00 103.00 15-Year NZ*****F 2.875 01-Sep-30 109.63 109.80 109.80 20-Year NZ*****X 2.250 01-Aug-36 101.62 30-Year NA*****H
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    • Article
      Lock icon S-Reits a safe haven in hunt for yield
      585 14  -  This asset class has sharply outperformed the STI, say OCBC Investment Research analysts By Renald Yeo yrenald@sph.com.sg Singapore WITH uncertainty and volatility in the global economy, Singapore real estate investment trusts (S-Reits) are shaping up to be a safe haven for local
      585 words
    • Article, Illustration
      Lock icon Entrepreneur who’s no stranger to disruption
      1124 14  -  From a dream of having a startup that’s the McDonald’s of its industry, the man behind myHealth Sentinel now has even loftier ideas. BY RENALD YEO BY RENALD YEO yrenald@sph.com.sg HIS dream was for his then-fledging startup to be the McDonald’s of its industry
      PHOTO: AIDAN LOO  -  1,124 words
    • Article
      Lock icon SGX MAINBOARD
      1759 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 139.5 -1 69 140.5 139.5 0.9 8.1 889 Div 144 101 ARA Asset Mgmt 136.5 +1 326 137
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    • Article
      Lock icon SGX CATALIST
      212 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 44.5 29.5 t Advancer Global 43cd -0.5 1149 43.5 42.5 17.1 74.5 LOW Company Sale (’000) High Low C'vr P/E 10.3 8.8 t 3Cnergy
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    • Article
      Lock icon SGX ETF
      143 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1210 991 CIMBASEAN40 S$D 1196 -3 0 1196 1196 901 700 CIMBASEAN40 US$ US871 -30 1 875 871 136.6 3211 2355 DBXT China50 US$ US3104 -24 2 3104
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  • Page 9 Advertisements
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      280 9 YOUR SPACE in the city awaits. Welcome to Marina One Residences, set to take its place as the epicentre of Singapore’s Central Business District. The newest and most prestigious address in Marina Bay, where you can live, play and work amidst lush urban greenery. A 3.67millionsq.ft. integrated development with luxurious
      280 words
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      26 10 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      Lock icon Page 14 Advertisements Column 1
      1792 14 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      84 14 STANDOUT IN YOUR FIELD This company is one of the 16 finalists of the Emerging Enterprise Award 2016. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2016 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover of
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      1281 15 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      2388 15 JAYA HOLDINGS LIMITED (Company Registration No. *****2391E) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Jaya Holdings Limited (“the Company”) will be held at Conference Room 2, TKP Conference Centre, Level 3, 55 Market Street #03-01, Singapore
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      71 16 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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  • BEST EMPLOYERS 2016
    • Article, Illustration
      Lock icon Keeping the door open for employees
      767 17  -  There’s no secret to Ritz Carlton’s sterling success in engaging its staff. It all boils down to plain hard work. REPORTS BY CHUANG PECK MING REPORTS BY CHUANG PECK MING A COMPANY must score highly in “high employee engagement”, “effective leadership”, “high performance culture”
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      Lock icon Being a best employer is good for business
      373 17 A BEST employer also makes a better businessman. The numbers support this. Companies on human resource consultant Aon Hewitt’s Best Employers list bring in revenues that are 18 per cent higher than the market average. They make 11 per cent more profits.
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      Lock icon Giving the low-down on how to be a best employer
      2163 17 WHAT does it take to become a best employer and what does becoming one do for your business? We pose these and other related questions to three of the employers that made it to this year’s Aon Hewitt Best Employers’
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      93 18 Live your potential Imagine yourself in a world of exciting possibilities. One where you can achieve your personal best. To shape the future of banking and make a difference to people's lives so that they can live more, bank less. www.dbs.com/careers World's Best Digital Bank Asia's Best Bank 2016, Euromoney
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      55 19 OCBC Bank P i V k\ EMPLOYERS MENTORS FRENDS Aon BESTEMPLOYERS BESTEMPLOYERS SINGAPORE 2016 MALAYSIA 2016 TAFEP Exemplary Employer TAFEP 2016 Most Enabling Companies for Dads NTUC Women’s Development Secretariat 2015 Most Attractive Employer (Banking Financial Services Sector) Randstad Award 2013. 2015. 2016 Best Companies for Mums NTUC Women’s Development
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      129 20 Learn Chinese the Berries Way There is no brighter place to learn than here. Side by side and heart to heart, our beloved students discover how to really learn and love the Chinese language. m, f To find out how we do it the Berries way, contact us today. *•*■1
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  • REAL ESTATE
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      Lock icon Tepid activity in strata commercial, shophouses seen for H2 2016
      1151 21  -  Strata office and shophouse transactions decline in H1, but strata retail deals enjoy a lift By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ACTIVITY in the strata office market and shophouse segments remained muted in the first half of this year, as
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      Lock icon UK home prices rise the most in five months in August
      184 21 BLOOMBERG London HOUSE prices in the UK rose the most in five months in August as a shortage of supply supported values even amid weaker demand. Prices rose 0.6 per cent from July and were up 5.6 per cent
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      Lock icon Nexus Capital buys more China Vanke shares
      442 22 HK-based fund said to be close to China Evergrande, which has built up a near 7% interest in Vanke REUTERS Hong Kong A HONG Kong-based fund has further increased its stake in China Vanke Co Ltd the country’s biggest property developer that’s embroiled
      REUTERS; PHOTO: BLOOMBERG  -  442 words
    • Article
      Lock icon Singapore Land Authority launches online service MyProperty
      169 22 Singapore THE Singapore Land Authority (SLA) has launched a new online service, MyProperty, to let property owners view their title deeds and boundary plans. Currently, the public have to buy the information via SLA’s Integrated Land Information Service or over the counter, paying
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      Lock icon House hunt
      1461 22 Property transactions for districts 1 to 19 with contract dates between July 20 and July 26,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 26/07/2016 99 2680 6000 2239 People's Park Cte Apt
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      Lock icon Former HUDC estate in Potong Pasir up for collective sale
      418 22 Singapore RAINTREE Gardens, a 175-unit residential development in Potong Pasir, has just been launched for collective sale. The tender was put up by JLL on Wednesday, after more than 80 per cent of Raintree Gardens owners by development share value
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      390 21 KATONG SHOPPING CENTRE AN OPPORTUNITY TO OWN A FREEHOLD SUBURBAN SHOPPING MALL IN THE EAST COAST f Located along Mountbatten Road East Coast Road in the heritage town of Katong Enjoys a wide building frontage and close to international brand hotels such as Holiday Inn Express Grand Mercure Roxy Existing
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      191 21 (CO)) JLL Raintree Gardens Collective Sale By Tender Lorong Chuan Estate i MkLSiris- *> 5 1 I i; i C J' Located along Potong Pasir Ave 1 •Land area 201,405 sf; GPR2.8 700m from Potong Pasir MRT Station 4 MRT stops to Dhoby Ghaut MRT Station 200+ m direct frontage
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  • BANKING & FINANCE
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      Lock icon China’s big banks set for hard slog as margins fall
      830 23 They also face increased sour debt, even as rate cuts eat into interest income REUTERS Shanghai FOUR of China’s so-called “Big Five” state-owned banks have warned that profits will continue to be pressured in the second half of the year,
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      Lock icon Swift discloses more cyber thefts, pressures banks on security
      597 23 REUTERS Boston SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile US$81 million heist at Bangladesh Bank. In a letter to
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      641 23 C)u6tG T~+ ITALIANO The Art of In partnership with HSBC^ DINING From 1 September to 15 October, enjoy a gastronomic celebration of the finest Italian cuisine as the fourth edition of Gusto Italiano presents Michelin-rated International Guest Chef promotions and exclusive gourmet dining events. HSBC cardholders enjoy 20% savings off
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  • ENERGY & COMMODITIES
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      Lock icon Mystery of oil held on Chinese islands puzzles crude markets
      942 24 China plans reserves equivalent to 100 days of imports, but it has provided only sporadic scraps of details on its strategic stocks BLOOMBERG Beijing CHINA has got the world puzzling over its oil hoard. From underground caverns by the Yellow
      BLOOMBERG  -  942 words
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      Lock icon China steel mills chase top quality iron ore to boost output
      526 24 REUTERS Shanghai CASHED-UP Chinese steel mills are chasing top quality iron ore to help increase output and meet Beijing’s tougher environmental standards, driving the premium for high-grade ore to its biggest in two years. In the latest sign of
      REUTERS; PHOTO: REUTERS  -  526 words
    • Article
      Lock icon China’s top steelmakers bounce back to profit after price rally
      608 24 BLOOMBERG Shanghai CHINA’S top steelmakers posted gains in first-half profit as a surprise rebound in prices lifted earnings, with the biggest producer Hesteel Co Ltd recording its best six months since 2011. Hesteel, the listed unit of China’s biggest steel
      BLOOMBERG  -  608 words
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      Lock icon Challenge of cutting global coal dependence
      830 24 NYT IT won’t be easy to get rid of coal. Worried the nation might miss its 2020 target to drastically cut emissions of carbon dioxide, the German government proposed a steep levy last year on the most heavily polluting generators. The tax was intended
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      25 24 Be a smart investor with tips from $how Me The Money $how Me The Money Book 4 is now available at leading bookstores and www.stpressbooks.com.sg
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      31 24 NEW INDIANS, OLD INDIANS HuM Theatre launches sequel to We Are Like This Only Accidental marathoner is India’s best at Rio Olympics GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327)
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      80 24 \SV*’ S s V x ir Jt BOOKYOUR SPACE NOW! Reach out to parents ages 25 45 years old with children ages 3-12 years old at SmartKids Asia. Promote your brand, products and services at Asia's Largest Educational Kids' Fair, established since 2012! CONTACT US NOW! Mr Nicholas Tan 6319
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  • TECHNOLOGY
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      Lock icon Tencent skyscraper doubles as IoT test lab
      1077 25 China tech giant’s new headquarters is a US$599m project aimed at creating a campus-like atmosphere for the urban setting BLOOMBERG Hong Kong JUST across the border from Hong Kong in southern China, two gleaming towers of glass and steel are rising in a
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,077 words
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      Lock icon US human-resources startups betting on ‘gig economy’
      925 25 BLOOMBERG New York ONE of the reasons Mustafa Muhammed finally broke down and bought a smartphone was because he needed to find a job. The 5 7-year-old cook was tired of using a library computer to look for work and watching friends get
      BLOOMBERG; PHOTO: REUTERS  -  925 words
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      Lock icon Twitter offers video creators a share of ad revenue
      372 25 AFP San Francisco TWITTER on Tuesday began offering video creators a cut of ad revenue in a move that could help it better compete with YouTube and Facebook for content sought by viewers. A Twitter Amplify Publisher Program that was launched
      AFP; PHOTO: REUTERS  -  372 words
    • Article
      Lock icon Russia tycoon invests US$50m in wireless carrier FreedomPop
      193 25 BLOOMBERG Moscow FREEDOMPOP Inc, the Wi-Fi-based carrier backed by Skype co-founder Niklas Zennstrom, received a US$50 million investment from Russian billionaire Mikhail Fridman and his partners as the mobile provider expands in Asia, Europe and Latin America. The investment is set to
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      188 25 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NAVIMAR MARINE ENTERPRISES PTE. LTD. (COMPANY NO: *****5103N) (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the abovenamed Company will
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  • GOVERNMENT & ECONOMY
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      Lock icon Canada opts to join China-led AIIB
      492 27  -  Ottawa’s decision leaves US and Japan as the only declared holdouts among advanced economies By Anthony Rowley btworld@sph.com.sg Tokyo CANADA is applying for membership of the Asian Infrastructure Investment Bank (AIIB), it was announced on Wednesday, making it the first North American nation to
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      Lock icon EU Apple tax demand precipitates trans-Atlantic row
      723 27  -  By Neil Behrmann btworld@sph.com.sg London THE European Union’s 13 billion euro (S$ 19.7 billion) tax demand from Apple has precipitated a trans-At-lantic trade row. The US furiously protested against the European Commission’s (EC) anti-competition order that Apple pay back taxes to Ireland on
      PHOTO: AFP  -  723 words
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      Lock icon July pending home contracts surge after falling 2 months in a row
      279 27 LATEST US DATA REUTERS BLOOMBERG Washington CONTRACTS to buy previously owned US homes surged in July after two straight months of declines as demand rose almost across the board, suggesting the housing market remains on solid ground despite
      REUTERS; BLOOMBERG  -  279 words
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      Lock icon India dangles 10-year residence in return for investment
      448 27 BLOOMBERG New Delhi INDIA is aspiring to compete with the likes of Singapore and Hong Kong for foreign entrepreneurs by offering residence in return for investment. Foreigners investing 100 million rupees (S$2 million) over 18 months, or 250 million rupees over three
      BLOOMBERG  -  448 words
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      Lock icon India’s growth down sharply to 7.1% in Q1 from 7.9% in Q4 FY2015-16
      475 27 AFP New Delhi INDIA’S economic growth slowed sharply in the first quarter of the 2016-17 financial year, official data showed on Wednesday, missing expectations but raising hopes of an interest-rate cut. Gross domestic product (GDP) expanded 7.1
      AFP; PHOTO: BLOOMBERG  -  475 words
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  • TRANSPORT
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      Lock icon Hanjin now a symbol of shipping industry slump
      843 28 It still needs 1.3 trillion won to roll over debt following losses in four of last five years BLOOMBERG Singapore AS lenders halt all support to Hanjin Shipping Co this week, the South Korean container mover is emerging as a symbol of
      BLOOMBERG; PHOTO: REUTERS  -  843 words
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      Lock icon India’s Tata Motors overhauling domestic business in 3-year plan
      538 28 REUTERS New Delhi INDIA’S Tata Motors is overhauling its domestic supply chain, product portfolio and organisational structure as part of a three-year turnaround strategy, the company’s chief executive said on Tuesday. The aim is to put Tata Motors among the top
      REUTERS  -  538 words
    • Article
      Lock icon US August car sales may fall as producers ease discounts
      590 28 BLOOMBERG Southfield, Michigan CARMAKERS’ decision to scale back US discounts in August is a sign they’re willing to maintain some price discipline, even if it raises the odds that industrywide annual sales will fall for the first time in seven
      BLOOMBERG  -  590 words
  • Page 28 Advertisements
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      12 28 预 All you need to know to protect yourself against Zika bit.ly/fightZika
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      13 28 Learn Mandarin Without Stress! newstalk.zaobao.sg Try out this Chinese language e-learning tool today.
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      70 28 REDEEM A FREE TRIAL NOW! http://notice.shareinvestor.com/station2016 *Free trial is applicable to new subscribers only. Presented to you by For more enquiries, please contact Tel: (65) 6517 8777 Email: accounts@shareinvestor .com All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not
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      841 29 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA II 11/16 06/09 08/09 BELITUNG/PKL BALAM BERJAYA I 14/16 07/09 09/09 JAMBI/PEKAN BARU FLORA 8 14/16 06/09 08/09 PALEMBANG/PANJANG SRIJAYA 8 23/16 IN PORT 03/09 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI PORTS VESSEL VOY ETA ETD DESTINATION SIANIRI
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  • OPINION
    • Article
      Lock icon Empathy for and outrage about Syria must be matched by action
      612 30 EDITORIAL We have all seen the heart-breaking pictures of children from the besieged city of Aleppo in Syria. Many of these children are dead, killed by rebel shelling or by government air strikes. Others are still alive, but their
      612 words
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      Lock icon Mao Zedong: great leader or destroyer?
      831 30  -  THE BOTTOM LINE By Frank Ching TThe writer is a journalist and author of “Ancestors: 900 Years in the Life of a Chinese Family”. Follow him on Twitter: @FrankChing1. FRIDAY, Sept 9, marks the 40th anniversary of the death of Mao Zedong, who led
      831 words
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      Lock icon G-20 summit: China to focus on positives
      1332 30  -  G-20 agenda likely to flesh out China’s vision for global order, with focus on long-term rather than immediate concerns. It’s a key step in its growth as a global leader. BY FRANCOIS GODEMENT BY FRANCOIS GODEMENT T The writer is the director of
      PHOTO: REUTERS  -  1,332 words
    • Article
      Lock icon Time for Brexit doomsayers to revise their view
      642 31  -  COMMENTARY By John Redwood TThe writer is Member of Parliament for Wokingham, chairman of the Conservative Economic Affairs Committee and a former secretary of state for Wales. OMFIF London THE overdone pessimism whipped up by a very political Treasury before the UK’s
      OMFIF  -  642 words
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      Lock icon JTC: Purchase offer is consistent with market practice
      658 31  -  LETTERS TO THE EDITOR Harold Soong Director, Corporate Finance JTC WE refer to the article “JTC makes earlybuyback offer for Jurong Country Club notes” (BT, Aug 26, 2016). Prior to 2003, Jurong Country Club (JCC) was a proprietary club under Jurong Country
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      Lock icon Debenture Note is interest-free loan to JTC that must be fully repaid
      564 31  -  Lim Hung Siang Chairman for and on behalf of Debenture Noteholders Committee WE do not relish fighting a big corporation like JTC publicly in the media. The only reason we have done so is because we have tried,
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      Lock icon Global governance versus national government policies
      959 31  -  Given the scale of today’s challenges, there’s no choice but to cooperate internationally and strengthen institutions and frameworks such as IMF, EU and G-20. BY KEMAL DERVIS BY KEMAL DERVIS T The writer, former minister of economic affairs of Turkey and former administrator for
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  • LIFE & CULTURE
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      Lock icon Filmmakers focus on infamous crime in Black Lives Matter era
      954 32 At least three productions are in the works on the story of the 1955 lynching of black teenager Emmett Till NYT New York SIMEON Wright, nearly 13, a Mississippi sharecropper’s son, shared a bed with his 14-year-old cousin Emmett Till
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      Lock icon Spanish towns seek to repeat success of Tomatina festival
      645 32 AFP pMadrid SPAIN’S Tomatina festival, dubbed “the world’s biggest food fight”, has given the small town of Bunol a huge economic boost and now other Spanish towns with quirky fiestas are seeking to mimic its success. At the annual Tomatina fiesta
      AFP; PHOTO: AFP  -  645 words
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      Lock icon Magical musical kicks off star-studded Venice fest
      388 32 AFP Venice A BEWITCHING musical starring Ryan Gosling and Emma Stone opened the Venice Film Festival on Wednesday, kicking off a US-heavy line-up of flicks vying for the coveted Golden Lion. Damien Chazelle’s La La Land, described as a tribute to the Golden
      AFP; PHOTO: REUTERS  -  388 words
    • Article
      Lock icon Tented restaurant on wasteland dazzles with a taste of London
      504 32 BLOOMBERG London AS restaurant locations go, Xiringuito’s isn’t exactly the best. It’s on wasteland at the back of a carpark beside Dreamland Margate, an amusement park in a seaside town that appears unwelcoming on a rainy day. You ascend chipped
      BLOOMBERG  -  504 words
  • Page 32 Miscellaneous
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      Lock icon Page 32 Miscellaneous Column 1
      356 32 CRYPTIC CROSSWORD Across 1 Looked mischievous, being found in pit (8) 5 Small fireplace sufficient for one (6) 9 Willing in recording to embrace policy (8) 10 Leapt sideways at first before car crash (6) 12 Worried MP? Ease his stress (9) 13 Canoe at sea in vast expanse (5)
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      82 33 THE BUSINESS TIMES S$1.20 scfll A SINGAPORE PRESS holdings PUBLICATION www.businesstimes.com.sg G 03 C @BusinessTimes CO REGN NO *****2868E I MCI (P) 052/08/2016 Thursday, September 1, 2016 7 18 1 8finm 1 S. M 1 L I im ROLEX OFFICIAL RETAILER DISCOVER OUR NEWEST MARINA SQUARE BOUTIQUE. Experience our specially
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      69 34 w ROLEX THE GMT- MASTER II Designed for airline pilots in 1955 to read the time in two time zones simultaneously, perfect for navigating a connected world in style. It doesn’t just tell time. It tells history. V O V II 28 r i 4 OYSTER PERPETUAL GMT-MASTER II IN
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      49 35 w ROLEX THE CELLINI A celebration of tradition in watchmaking, combining eternal elegance with a contemporary touch. It doesn’t just tell time. It tells history. w ROLEX GENEVE Sv WSS I MAO e CELLINI TIME <€)• Cortinawatch MARINA SQUARE, #02-38. TEL: 6250 77 12 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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      71 36 w ROLEX THE DATEJUST 41 The new generation of the essential classic, with a new movement and design that keep it at the forefront of watchmaking. It doesn’t just tell time. It tells history. V 1111# 'BO/ m ROLEX OYSTER PERPETUAL DATEJUST 28 A N SUPERLATIV CHRONOMETER OFFICIARY CERTIFIED (A
      71 words