The Business Times, 1 October 2016

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Microfilm: NL34118
Total Pages: 38
1 32 The Business Times
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      38 1 BT LivingTHE BUSINESS TIMES WEEKEND OCTOBER 1-2, 2016 PHOTO: ALBERT LIM HEALTH Tackling sleep disorders L5 DINING Multi-dining concepts L6-7 TRAVEL Sojourn in Xiamen L8-9 MOTORING Rollouts from Volvo, Mercedes-Benz L10-11 GOLF Tee off in new courses L12
      38 words
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  • BT Living
    • DESGIN
      • Article, Illustration
        Lock icon BUILDINGS & BIRDSONG
        1910 2 / 3  - BUILDINGS BIRDSONG A house that is also home to birds and a centre that encourages seniors to cook for one another are among the winning projects at this year’s Singapore Institute of Architects Architectural Design Awards. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT Open House by Formwerkz Architects Category: Residential
        PHOTOS: FABIAN ONG; PHOTOS : ALBERT LIM; PHOTOS: DP ARCHITECTS; PHOTOS: LAUD ARCHITECTS; PHOTOS: PATRICK BINGHAM-HALL  -  1,910 words
    • HEALTH
      • Article, Illustration
        Lock icon Tackling sleep apnoea
        1589 5  -  Obstructive sleep disorder can be fatal if left untreated Dennis Chua ~Dr Chua is an ENT consultant at Singapore Medical Specialists Centre. OBSTRUCTIVE sleep apnoea (OSA) is a common and serious sleep disorder that causes you to stop breathing during sleep. The airway repeatedly becomes blocked, limiting
        PHOTO: REUTERS  -  1,589 words
    • DINING
      • Article, Illustration
        Lock icon Multi-concept draw
        1414 6 / 7  -  As the competition escalates almost to fever pitch in the F&B industry, some restaurateurs are incorporating complementary elements into their eateries to stand out from the pack. By Rachel Loi By Rachel Loi rachloi@sph.com.sg @RachelLoiBT The great outdoors Picnic Wisma Atria Level 3 Opens November PICNICKERS no longer
        1,414 words
    • TRAVEL
      • Article, Illustration
        Lock icon The seductions of Xiamen
        1581 8 / 9  -  In the heartland of China’s Hokkien-speaking people, the city is a trove of culinary curios and historical architectural wonders. By David Yip By David Yip ~Ronghui Zhuangyuan Lou Dongdu Lu, Haotou Zhan Niutou Shan Garden Hu Li Qu, Xiamen ~Gulong Cultural Garden No 1666 Tongji Middle
        PHOTOS: DAVID YIP  -  1,581 words
    • MOTORING
      • Article, Illustration
        Lock icon Swede sensation
        406 10  -  The new Volvo S90 exemplifies a quantum leap for the marque. By Samuel Ee samuelee@sph.com.sg VOLVO may identify its direct competitors as the German luxury manufacturers Mer-cedes-Benz, BMW and Audi but the Swedish carmaker says it offers “a different kind of premium”. Jari Kohonen, Volvo vice-president for the
        406 words
      • Article, Illustration
        Lock icon Aston Martin’s first powerboat
        131 10  -  By Samuel Ee samuelee@sph.com.sg ASTON Martin is going to sea. The iconic British marque has teamed up with Quintessence Yachts and developed the AM37, its first powerboat. The innovative design is said to combine the expertise from the luxury automotive and yachting world. Unveiled at this
        131 words
      • Article, Illustration
        Lock icon SMOOTH RIDE
        589 11  -  The rebooted roadster is compact, responsive and built for the high road. By Samuel Ee samuelee@sph.com.sg ONE of the things you may or may not notice about the Mercedes-Benz SLC is that it has no “class”. Not that the smallest convertible from the brand with the three-poin-ted star
        589 words
    • GOLF
      • Article, Illustration
        Lock icon Tee off in new courses
        961 12  -  BTWeekend susses out new and revamped locations where golfers can practise their swing. By Justine Moss THE nearby islands of Indonesia, such as Batam and Bintan, as well as the Malaysian state Johor Bahru, have long been popular with Singapore residents who want easy access
        961 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      49 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Design L2-4 Health L5 Dining L6-7 Travel L8-9 Motoring L10-11 Golf1 L12
      49 words
    • Article
      Lock icon Small gasps of life in August business lending
      440 2  -  Lending in the building sector grew 1.3%, reversing July’s contraction; lending in transport/storage rose 6.6% By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A little life in business lending might have crept into August after the months of ho-hum lending activity earlier this year,
      440 words
    • Article, Illustration
      Lock icon Bomb scare at KL Bursa triggers evacuation
      498 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur A bomb scare at Bursa Malaysia on Friday failed to disrupt trading, though employees had to evacuate the building so that the police could conduct a sweep of the premises. Late afternoon selling of blue chips including
      PHOTO: BLOOMBERG  -  498 words
    • Article
      Lock icon MARKETS
      136 2 HSTI 2,869.47 (-16.24) HSTI FUTURES 2,868.00 (-18.00) HSIMSCI 315.18 (-2.22) HSIMSCI FUTURES 315.15 (-2.05) STOCKS Friday Change KL COMP 1,652.55 -17.09 NIKKEI 225 16,449.84 -243.87 HANG SENG 23,297.15 -442.32 SET 1,483.21 -8.22 JAKARTA 5,364.80 -67.15 MANILA 7,629.73 -85.13 KOSPI 2,043.63 -25.09 SHENZHEN B 1,186.23 +0.17 MUMBAI 27,865.96 +38.43 11.45
      136 words
    • Article
      Lock icon Singapore to amend company laws
      466 3  -  More transparency in beneficial ownership needed to be globally competitive: Indranee Rajah By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore STEPPING up efforts to fight dirty money, Singapore plans to amend the company laws to make it an obligation for companies and limited liability partnerships (LLPs) to
      466 words
    • Article, Illustration
      Lock icon BT newshounds snag top financial journalism prizes
      685 3  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE Business Times go-getters Kenneth Lim and Melissa Tan bagged top awards for financial journalism at the Securities Investors Association Singapore’s (SIAS) Investors’ Choice Awards 2016 on Friday. Mr Lim, a BT senior correspondent, was recognised for
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  685 words
    • Article, Illustration
      Lock icon Hotels face headwinds in H2 despite growth in visitor arrivals
      998 4  -  Occupancy levels are healthy, but global economic risks and expected rise in new hotel rooms will create challenges By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE hotel industry is likely to feel continued pressure this year, as a slowdown in the
      PHOTO: AFP  -  998 words
    • Article, Illustration
      Lock icon New infocomm media body to lead way into future: Yaacob
      721 5  -  IMDA will seek to empower possibilities for all, not just select few, he says at its launch By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE’S future is digital and exciting, Minister for Communications and Information Yaacob Ibrahim said at the launch
      721 words
    • Article
      Lock icon Caixin PMI points to stabilising China economy in Sept
      564 5  -  By Virginie Mangin btworld@sph.com.sg Beijing A CLOSELY-WATCHED purchasing managers’ index (PMI) in China stabilised in September, suggesting that the slowdown in the world’s second-largest economy is bottoming out. The Caixin PMI, which tracks the manufacturing sector and is derived from a
      564 words
    • Article, Illustration
      Lock icon Japan still mired in stubborn deflation
      605 7  -  Core consumer prices down 0.5% household spending down 4.6% on year in August By Anthony Rowley btworld @sph.com.sg Tokyo DEFLATIONARY trends continued to prevail and by some measures worsen in Japan in August, official data released on Friday showed, underscoring the uphill task of
      605 words
    • Article
      Lock icon Bond risks: information beats regulation
      606 7  -  SATURDAY SOAPBOX By Arthur Lee arthurl@sph.com.sg THE recent spate of defaults by a few companies on bonds has prompted some to ask for more regulation. The arguments are broadly in favour of more and tighter legislation to protect investors including the less experienced “accredited investor”.
      606 words
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      90 3 I Mv’R ►'£'< Li 2016*ifsB!$£*£SJB 2016 ASIAN ART AUCTION a a ft in 2016 $¥5132*^1 f 2016 10 S10 12 2 ft ft S ft H S 5 2 H, B W i!i 8 Starr Pass Special exhibition services(Singapore) Pte.Ltd. Cooperation Units Shenzhen Daqin International Artwork Culture Ccommunication Co.,Ltd. 3nsiffiiiiTXfb3sa*i«ag
      90 words
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      208 6 TheSkittlesDabblers BT Skittle dabblers: Angeline Ngiam, Sarah Chua Simon Ang DONALD Trump Jr recently tweeted an image of a bowl of Skittles with the caption: “If I had a bowl of Skittles and I told you just three would kill you, would you take a handful? That’s our Syrian refugee
      208 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon THE MIDAS OF PUBLISHING
      2593 8 / 9  -  CE of Forbes, Mike Perlis, talks about how he remade a 95-year-old publishing business. By Vikram Khanna vikram@sph.com.sg IN the world of magazine publishing, there are few, if any, who can match Mike Perlis for the sheer number and variety of titles he has managed. He
      PHOTO: ARTHUR LEE  -  2,593 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Baltic buy will boost market development: SGX
      574 10  -  SGX-Baltic combination will create clearing house in Asia that is neutral about market share By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE combination of the Singapore Exchange (SGX) and the Baltic Exchange will create a clearing house in Asia that is neutral about market
      574 words
    • Article
      Lock icon Swiber’s proposed judicial management gives no indication of recoverable debt
      872 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore AS the October court hearing for Swiber group’s judicial management (JM) application draws closer, two questions remain unanswered: the projected returns of the proposed JM to unsecured creditors and sources of working capital
      872 words
    • Corporate digest
      • Article
        Lock icon SPH
        195 10 SINGAPORE Press Holdings (SPH) on Friday announced several key appointments in the Chinese Media Group (CMG). It has appointed current Lianhe Wanbao editor Lee Huay Leng as head of CMG, with effect from Dec 1, 2016. Ms Lee is also senior vice-president of Lianhe Zaobao. Alongside Goh Sin Teck,
        195 words
    • Article, Illustration
      Lock icon Deutsche Bank problems eat away at STI’s gains
      512 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent EIGHT years after the US sub-prime debacle, its effects are still being felt, this time in the form of worries that Germany’s Deutsche Bank could, because of its role in selling junk mortgages that led
      512 words
    • Article, Illustration
      Lock icon Market value of Singapore stocks up in Sept
      475 11  -  By Claire Huang huangjy@sph.com.sg@ClaireHuangBT Singapore SINGAPORE stocks gained some ground in September, with the total value of the market rising by 0.8 per cent to S$866.9 billion from S$860 billion in August. The September overall market capitalisation remains higher than end-2015’s S$856.4
      Compiled by Business Times  -  475 words
    • Article
      Lock icon GAINERS
      77 11 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 338.5 1.1 *****/***** DBXT AUDCS AU$ ***** 110.8 0.5 *****/***** GLD US$ ***** 61.4 0.4 *****/***** Hyflux 6% CPS 9781 41.0 0.4 *****/9200 DBXT S&P Short US$ 1956 24.6 0.9 2362/1930 BY PERCENTAGE CLOSE UP 52w high/low TEE Intl
      77 words
    • Article
      Lock icon LOSERS
      76 11 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -485.9 -2.6 *****/***** DBXT MSEurope US$ 5362 -167.9 -2.2 5733/4770 DBXT MSAsExJp US$ 3549 -110.6 -2.2 3633/2772 DBXT China50 US$ 3134 -101.0 -2.3 3268/2355 Jardine C&C 4283 -91.0 -2.1 4520/2659 BY PERCENTAGE CLOSE DOWN 52w high/low Next-Gen Sat 0.1
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    • Article
      Lock icon MOST ACTIVE
      33 11 VOLUME Noble 170,941,600 Alliance Mineral 118,114,900 Ezra 79,115,700 AsiaMedic 77,078,600 Spackman 59,823,400 Market volume 1,919,167,000 VALUE DBS Grp 88,635,574 Singtel 78,752,016 UOB 71,636,934 OCBC Bank 54,779,187 CapitaLand 40,332,684 Market value 1,107,507,000
      33 words
    • Article
      Lock icon STI STOCKS
      303 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 252 +4 252/246 257 209 6.1 7003.6 CapitaCom Trust 159 -3 160.5/158 164 127 5.4 4710.4 CapitaLand 320 -2 321/314 340 269 12.8 2.8 *****.6 CapitaMall Trust 217 unch 217/212 225 185
      303 words
    • Article
      Lock icon SGX ETFs Most Active
      107 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US733 +12 612 733/719 772/575 729/733 91.6 STI ETF 291 -2 444 291/289 314/254 291/292 DBXT MSWorld US$ US463 -11 307 466/459 480/396 463/464 DBXT MSINDO us$ US1472 -34 106 1493/1465 1534/965
      107 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      820 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 26 Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Geo Energy 29-Sep-16 Charles Antonny Melati Buy ***** 1.00 *****5 11.82 *****5 15.95 Geo Energy 29-Sep-16 Dhamma
      820 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      189 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 1 0 1 0 2 11 1 Manufacturing 17 39 35 6 8 13 23 47 48 Commerce 9 24 17 3 8 1 12 32 18 Tpt/Stor/Comms 9 16 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,566 143 19,709 70,748 23 70,770 Manufacturing 79,705 52,898 132,603 95,990 3,233 99,223 Commerce 215,546 39,438 254,984 90,832 643 91,475 Tpt/Stor/Comms 160,893 2,225 163,118 174,235 221 174,456 Finance 27,925 12,568 40,493 241,134 139 241,273 Construction
      122 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Sep 30 VALUE CLOSE BT OB/OS 134.00 -123.00 BT CADI -*****.00 -110.00 BT 10-day MA -*****.00 +14.00 FTSE ST Mid Cap 693.32 -3.03 FTSE ST Small Cap 383.16 -2.53 FTSE ST All Share 705.23 -3.51 FTSE ST China Top 160.84 -0.42 FTSE ST China 197.27 +0.21 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 12 VOL CLOSE($) CHANGE AsiaMedic 77,078.6 0.074 -0.013 -14.94 GDS Global 60.0 0.300 -0.030 -9.09 KTL Global^ 164.5 0.039 -0.004 -9.30 SingMyanmar 490.0 0.430 +0.030 +7.50 China Med Intl 13,539.0 0.008 +0.001 +14.29 Alliance Mineral 118,114.9 0.120 +0.013 +12.15 Moya Asia 9,208.6 0.043 +0.002 +4.88 Thakral 37.9 0.200 -0.060
      83 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Sep-29 Price Net change change Last Trade Agricultural Sep-29 CBOT Soybeans (US cents/bu) 950.25 4.75 0.50% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.09 0.45 1.38% 14/10/2016 CBOT Wheat (US cents/bu) 399.00 -4.25 -1.05% 14/12/2016 Sep-29 LIFFE Cocoa (£/tonne) 2212.00 -51.00 -2.25% 13/12/2016 LIFFE Coffee (US$/tonne) 2005.00 14.00 0.70%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Sep 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 16 2735.0 2775.0 2778.0 2735.0 527 2116 Nov 16 2647.0 2680.0 2687.0 2646.0 6327 ***** Dec 16 2606.0 2636.0 2643.0 2603.0 ***** ***** Jan 17 2591.0 2623.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Sep 30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.84 105.86 105.81 5-Year N*****0Z 1.250 01-Oct-21 99.65 99.60 99.55 10-Year NX*****F 2.125 01-Jun-26 103.09 103.15 102.19 15-Year NZ*****F 2.875 01-Sep-30 110.13 110.20 109.80 20-Year NZ*****X 2.250 01-Aug-36 102.1
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Sep 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0381 1.0389 0.7606 0.7610 Canadian dollar 1.0365 1.0369 0.7595 0.7594 Euro 1.5269 1.5275 1.1187 1.1189 NZ dollar 0.9913 0.9918 0.7263 0.7265 Sterling pound 1.7674 1.7686 1.2949 1.2955
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      214 13 Most active Sep 30 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 11.4 -0.7 5066 0.1 1550 5 UOB MB eCW*****1 10 -0.6 3614 0.1 1880 5 STI 2800 MB ePW*****0 5.8 0.1 2647 0.0 3
      214 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Sep 29 Index Change Change Change Change Change Change World Preliminary 1308.3 0.1 2.4 0.1 -0.2 0.1 3.9 EAFE Preliminary 975.3 0.5 -3.8 0.5 -4.5 0.4 -0.6 Europe Preliminary 1396.1 0.2 -1.2
      377 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article
      Lock icon Global IPO activity to slow in ’16 due to geopolitical uncertainty: EY
      509 14  -  Activity to pick up in ’17 as some companies come of age, fundamentals improve ‘We expect a number of unicorns to pursue a dual-track approach where some will follow the public listing route (in 2017).’ Ernst Young By
      509 words
    • Article, Illustration
      Lock icon Govt to beef up financial sector competencies for future needs
      393 14  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE Financial Sector Tripartite Committee (FSTC), with the help of the Singapore Workforce Development Agency (WDA), is launching the industry Professional Conversion Programme (PCP) to provide on-the-job training support for financial professionals to help
      393 words
    • Article
      Lock icon Vietnam group TTC plans US$600m S’pore listing of sugar unit
      360 14 Bloomberg Ho Chi Minh City VIETNAM’S TTC Group, a sugar, energy and real estate conglomerate, is stepping up production of the sweetener and seeking new investors as it gears up for a Singapore listing of one of its sugar units
      Bloomberg  -  360 words
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  • REAL ESTATE
    • Article
      Lock icon Lee Rubber sells Lavender shophouse block
      543 15  -  Broadway Textile pays S$55.6m for the 11 shophouses on 99-year tenure; Outram shophouses also on the market By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore LEE Rubber Company is selling a stand-alone block of 11 adjoining conservation shophouses in Lavender Street for nearly S$55.56 million. A
      543 words
    • Article
      Lock icon Industrial rents could dip 6-8% in Q4: Knight Frank
      895 15  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AVERAGE industrial rents island-wide could fall 6-8 per cent year on year in the fourth quarter of 2016, as industrialists continue to take bold consolidation and relocation steps to cope with challenging business conditions, a
      895 words
    • Article
      Lock icon Househunt
      1346 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 17 AND AUG 23, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 18 LANDED Pasir Ris Beach Park 2-Ter 22/08/2016 999 3710 3000 809 NON-LANDED Livia Apt 19/08/2016 99
      1,346 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      40 15 GOOD CLASS BUNGALOW HOLLAND PARK *****/ ***** sqft Brand new, pte lift Elevated, wide frontage Opp Botanic Gdn Motivated Seller Exclusive Marketing Agent K H Tan *****348 Joanne Lai *****025 Newsman Realty Pte Ltd Estate Agt L*****29F. CEAReg R*****9A, R*****3C
      40 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Changes needed for Basel III: EU official
      733 17 Commissioner Valdis Dombrovskis tells banking conference Europe draws line at significant capital hike Reuters Brussels A PLANNED reform of global banking rules being discussed by the United States, Europe, Japan and other major economies risks negatively affecting European banks and needs to be
      Reuters; PHOTO: REUTERS  -  733 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon OPC banks on supplying world’s priciest wood
      779 18  -  S’pore company’s Cambodian venture aims to be a vertical business promoting social change By Cheah Ui-Hoon uihoon@sph.com.sg Singapore THE Middle Easterners use it for perfumes, and the Chinese prize it for its health qualities. Demand from these two sectors and others is driving
      PHOTO: CHEAH UI–HOON  -  779 words
    • Article
      Lock icon Gold deal-making heats up as Canada-based miners agree to merge
      256 18 Bloomberg Toronto A PROPOSED merger between two Canada-based gold miners is the latest example of consolidation in an industry that remains under pressure to cut costs, even as stronger gold prices smooth the way for deal-making. On Thursday, Kirkland Lake
      Bloomberg  -  256 words
    • Article
      Lock icon Independent refiners in US hit by Opec output deal
      332 18 Bloomberg New York THE Organization of the Petroleum Exporting Countries (Opec) has just made the life of independent US refiners a little harder. The jolt to crude prices following the cartel’s deal to limit output comes just as mounting fuel inventories
      Bloomberg  -  332 words
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  • TECHNOLOGY
    • Article
      Lock icon Google rebrands cloud business
      388 19 Company also uses more artificial intelligence in enterprise applications to improve work efficiency Reuters London ALPHABET Inc’s Google said on Thursday it renamed its busi-ness-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company’s latest gambit to better compete with Amazon.com and
      Reuters  -  388 words
    • Article, Illustration
      Lock icon Japanese consumers ignore Spotify’s 40 million tunes
      877 19 Bloomberg Tokyo ON a recent muggy afternoon in Tokyo, 21-year-old Shintaro Naganuma joined several hundred customers browsing CDs at the eight-storey downtown outpost of music retail chain Tsutaya. Having discovered a couple of new rock artists on YouTube, the third-year university student hit
      Bloomberg; PHOTO: BLOOMBERG  -  877 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Australia’s Woolworths in talks over petrol station sale
      399 20 UBS reported to have been hired to help secure a deal valued at A$1.5b Reuters Sydney AUSTRALIAN supermarket giant Woolworths Ltd on Friday said that it was considering offers to buy its petrol station chain in a deal said to be worth
      Reuters; PHOTO: AFP  -  399 words
    • Article
      Lock icon PepsiCo posts Q3 net income of US$1.99b, beats analyst estimates
      373 20 Reuters London PEPSICO Inc reported bet-ter-than-expected quarterly revenue and profit on Thursday, helped by higher demand in North America for its beverages and snacks with fewer calories and more natural ingredients. The company also raised its 2016 adjusted profit forecast.
      Reuters  -  373 words
    • Article, Illustration
      Lock icon Luxury goods veteran appointed head of Bottega Veneta
      555 20 Reuters Paris FRENCH luxury and sports group Kering has appointed former Hugo Boss chief executive Claus-Dietrich Lahrs as the new head of its Italian leather goods maker Bottega Veneta, it said on Thursday, confirming an earlier Reuters report. Mr Lahrs, who left
      Reuters  -  555 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Airbus Group to merge with planemaking unit, sources say
      427 21 Restructuring will simplify a top-heavy corporate structure inherited from group’s origins Reuters Paris AIRBUS Group SAS is likely to merge with its main planemaking unit, Airbus SAS, as part of a corporate restructuring being finalised on Thursday, people familiar with the
      Reuters; CEO  -  427 words
    • Article, Illustration
      Lock icon LaFerrari Aperta sells out before official debut
      712 21 Reuters Paris FERRARI’S 1.86 million euro (S$2.8 million) LaFerrari Aperta sports car had sold out before its official debut at the Paris car show on Thursday in a sign that the super rich still clamour for any special edition of the luxury brand.
      Reuters  -  712 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Duterte’s peso rout conflicts with Philippine economy
      1019 22 It’s forecast to lead S-E Asia with 6.4% growth this year Bloomberg Manila INVESTORS rushing to pull money out of the Philippines are neglecting one key positive the economy is growing faster than almost anywhere else on the planet. President Rodrigo Duterte’s explet-ive-laden
      Bloomberg; PHOTO: AFP  -  1,019 words
    • Article, Illustration
      Lock icon Hong Kong tycoon Cheng Yu-tung dies aged 91
      303 22 Reuters Hong Kong THE billionaire founder of Hong Kong property group New World Development Co Ltd, Cheng Yu-tung, died late on Thursday aged 91, the company said on Friday. Mr Cheng amassed an over US$16 billion fortune building an empire that spans
      Reuters; REUTERS FILE PHOTO  -  303 words
    • Article, Illustration
      Lock icon Indonesians line up to beat deadline for tax amnesty
      580 23 Friday marks the end of first phase with lowest penalty of 2 per cent Reuters Jakarta THOUSANDS of Indonesians queued for hours on Friday to get the most attractive terms on offer under a tax amnesty that has recovered strongly after
      Reuters  -  580 words
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      Lock icon Thailand confirms first Zika-linked microcephaly in South-east Asia
      874 24 US health officials recommend that pregnant women postpone travel Reuters Bangkok THAILAND reported on Friday the first confirmed cases in Southeast Asia of microcephaly linked to mosquito-borne Zika, as the World Health Organization (WHO) urged action against the virus across the region.
      Reuters; PHOTO: REUTERS  -  874 words
    • Article
      Lock icon Canada says returning suspects to China needs to be done by law
      392 24 Reuters Beijing CANADA agreed to start talks about an extradition treaty with China rather than formal negotiations for such a deal, the country’s ambassador to China said on Friday, adding that returning suspects would have to meet Canadian
      Reuters  -  392 words
    • Article, Illustration
      Lock icon UK economy flying blind after Brexit vote
      877 25 No one knows what the business environment might look like, or how easy it will be to continue trading with EU Bloomberg London PUBS, retailers, carmakers. Name the business and it is likely that they are looking for an answer to what “Brexit”
      Bloomberg; PHOTO: AFP  -  877 words
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      138 23 Subscribe with Spl at Philips Fair and receive a ft o LJ VOUCHER PHILIPS FAIR EXCLUSIVELY FOR NTUC MEMBERS J 0F J 1-2 OCT 2016 11AM-7PM D’ MARQUEE, DOWNTOWN EAST NTUC members will enjoy additional 20%OFF total purchases. THE STRAITS TIMES Berita Ilarian wmjlb 1 IMIKI milfill U l ill
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      44 25 HOT PROPERTY WOW YOU'LL LOVE This Gorgeous Home! Brand New Elevated Bunglw 10,200sqft! Cutting Edge Masterpiece. BEAUTIFUL TERR FREEHOLD 1600/ 2500sf, 3+1rms $2.xM Cedar sch/ Potong Pasir MRT LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • OPINION
    • Article, Illustration
      Lock icon How big can be beautiful
      1043 26 / 27  -  Large combinations like Marriott’s acquisition of Starwood usually force prices up. That is the bedrock of business and monopoly. By Vijay Verghese By Vijay Verghese WHILE finding friendly cabin crew on a flight can be a game of Russian roulette like when you find a
      1,043 words
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      Lock icon A culture of benchmarking to the best
      969 26 / 27  -  By Bala Shankar ~The writer is a Singapore-based consultant SINGAPORE has been ranked Asia’s Number One and the world’s No 2 in a sustainability ranking study, results of which were released recently. That should be compared with the fact that 70 per cent
      FILE PHOTO  -  969 words
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  • Page 26 / 27 Miscellaneous
    • Miscellaneous
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      144 26 / 27 weekend the business times Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 CUSTOMER SERVICE: 6388-3838 www.businesstimes.com.sg PRESS RELEASES: btnews@sph.com.sg LETTERS: btletter@sph.com.sg Editor ALVIN TAY Associate Editor VIKRAM KHANNA Executive Editor WONG WEI KONG Chief Executive Officer Singapore Press
      144 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Stock-pickers left out as US$50b rushes to EM
        789 28 / 29 Passive funds popular way to access EM stocks headed for best quarterly return since 2012. By Maria Levitov Bloomberg London A GLANCE under the hood of this year’s emerging-market (EM) rally signals many investors aren’t yet convinced that an economic rebound in
        Bloomberg; PHOTO: REUTERS  -  789 words
      • Article
        Lock icon Analysts don’t expect annual holiday Wall Street rally this year
        753 28 / 29 Trepidation about everything from election politics to interest rates and valuations has left them bearish Bloomberg New York IT has been low-hanging fruit for decades: buy stocks when the leaves start to turn in the north-east, and get ready to
        Bloomberg  -  753 words
      • BROKERS’ TAKE
        • Article
          Lock icon Singapore Property | NEUTRAL
          324 28 / 29 Singapore Property NEUTRAL OCBC Investment Research, Sept 30 Despite a muted residential outlook, domestic developers now sitting on fairly lean unsold inventories versus the historical average are keen to replenish their land banks. In particular, there is firm demand for mass-market sites on which projects with carefully calibrated prices can
          324 words
        • Article
          Lock icon Thai Beverage Public Co | ADD
          172 28 / 29 Thai Beverage Public Co ADD Target price: S$1.14 Sept 30 close: S$0.97 CIMB Research, Sept 29 As Boon Rawd prepares to protect its beer market share, Thaibev took the opportunity to launch a new soda water product a month ago (under the brand Rock Mountain). The idea is to attack
          172 words
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          Lock icon Sheng Siong Group | BUY
          87 28 / 29 Sheng Siong Group BUY Sheng Siong Group Target price S$1.18 Sept 30 close: S$1.06 DBS Group Research, Sept 29 We maintain our “buy” recommendation on Sheng Siong, even though the stock has gained about 12 per cent since our last update. We continue to like Sheng Siong for its earnings
          87 words
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          Lock icon Singapore Consumer | POSITIVE
          182 28 / 29  - Singapore Consumer POSITIVE Compiled by Kenneth Lim Singapore Maybank Kim Eng Research, Sept 27 We downgrade Sheng Siong from “buy” to “hold” with an unchanged target price of S$1.13 (6 per cent upside), and upgrade Jumbo from “hold” to “buy” with a higher target price of S$0.78 (32 per cent
          182 words
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        Lock icon Yuan goes into IMF’s Special Drawing Rights basket
        685 30  -  This should spur China to push for more structural reforms, but it seems this strategic importance has faded. By Chi Lo WEALTH INSIGHTS By Chi Lo ~The writer is senior economist, BNP Paribas Investment Partners THE yuan or renminbi joins the International
        Sources: IMF, BNPP IP (Asia)  -  685 words
      • Article
        Lock icon CBOE Volatility Index volume up 50% on pace for record
        703 30 Bloomberg London BENEATH calm stocks, the volatility market is jumping. Take futures on the CBOE Volatility Index, whose volume surged 50 per cent this month and is on pace for a record year, according to data compiled by Bloomberg. Belying
        Bloomberg  -  703 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon In support of stroke survivors, caregivers
      479 31  -  S3, founded by Chew Poh Kim, holds charity dinner to fund expansion By Claire Huang huangjy@sph.com.sg@ClaireHuangBT Singapore THE weight of taking care of a stroke survivor can be unbearable for caregivers, particularly when the stroke survivor is the sole breadwinner. Having seen how caregivers
      PHOTO: STROKE SUPPORT STATION (S3)  -  479 words
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      Lock icon Team Singapore eye cycling glory at Speedway Championship
      288 31  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TEAMS of cyclists from Singapore and five other Asean countries will compete in the OCBC Cycle Southeast Asian Speedway Championship on Saturday. The event is part of the annual OCBC Cycle Singapore’s largest mass cycling event
      PHOTO: OCBC CYCLE  -  288 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      333 31 CRYPTIC CROSSWORD Across 1 Dog savaged Republicans and odd characters in melee (7,7) 9 Ministers enact legislation carrying half of Conservatives (7) 10 Superb vehicle overturned by tree (7) 11 Captain Cook’s equipment (3) 12 One doing more good deeds in beauty spot (6,5) 14 Still batting with no suggestion
      333 words
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      181 32 .1 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLEE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO
      181 words