The Business Times, 5 August 2015

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Microfilm: NL33586
Total Pages: 27
1 26 The Business Times
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  • TOP STORIES
    • Article
      Lock icon Ringgit slips further as oil price, business and consumer sentiments dip
      711 2  -  It falls to 3.865 to the US dollar; MIER poll shows sharp downturn in business confidence By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Malaysian ringgit slipped to 3.865 on Tuesday on sliding oil prices and negative sentiments over the
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    • Article
      Lock icon Correction
      49 2 IN “Corporate Digest” (BT, Aug 4), we wrongly reported that Cordlife Group Limited was reviewing a revised offer for certain assets from Golden Meditech Holdings. The offer is from an unnamed third party (not Golden Meditech) whose first offer had been rejected. We are sorry for the error.
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    • Article, Illustration
      Lock icon ESM Goh to stand in Marine Parade; reveals ‘likely’ team
      529 2 SINGAPORE GENERAL ELECTION THE STRAITS TIMES Singapore EMERITUS Senior Minister and former prime minister Goh Chok Tong, who has been an MP in Marine Parade since 1976, said on Tuesday that he will likely stand in the next election. In
      THE STRAITS TIMES; FILE PHOTO  -  529 words
    • Article, Illustration
      Lock icon MTI’s Second Perm Sec said to be entering politics
      341 2  -  By Caithlin Ng caithng@sph.com.sg Singapore CHEE Hong Tat, the Second Permanent Secretary in the Ministry of Trade and Industry (MTI), will be leaving the civil service, fuelling speculation that he is entering politics in the upcoming General Election. The 41 -year-old
      FILE PHOTO  -  341 words
    • Article
      Lock icon Ranking the world’s largest banks
      149 2 CURRENT RANK PREVIOUS RANK ACCOUNTING PRINCIPLE TOTAL ASSETS (US$billion) COMPANY HEADQUARTERS 1 1 Industrial Commercial Bank of China China IFRS 3,452.02 2 3 China Construction Bank Corp China IFRS 2,819.47 3 7 Agricultural Bank of China China IFRS 2,716.31 4 2 HSBC Holdings Plc UK
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    • Article, Illustration
      Lock icon China gets on the warpath against short-selling
      731 4 Some of the nation’s major brokerages have suspended their short-selling businesses as new rules take effect REUTERS Shanghai CHINA stepped up its crackdown on the short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price
      REUTERS; PHOTO: REUTERS  -  731 words
    • Article, Illustration
      Lock icon Kerry returns to Asia as China tensions loom over Asean meeting in KL
      939 4 BLOOMBERG Bangkok AS US Secretary of State John Kerry prepares to meet South-east Asian counterparts in Malaysia, tension over China’s territorial aspirations risks overshadowing a gathering that aims to promote regional economic and security ties. He and
      BLOOMBERG; PHOTO: REUTERS  -  939 words
    • Article
      Lock icon Singapore’s easiest days as a finance hub are over
      770 4  -  &5H REUTERS BREAKINGVIEWS By Una Galani SINGAPORE’S easiest days as a financial hub are over. The city remains a gateway to Asia, a great base for basing multinationals, settling lawsuits and parking money. But elsewhere, the city is being sidelined; the
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    • Article
      Lock icon LaunchPad startups show their stuff at inaugural showcase
      501 5  -  Vivian Balakrishnan, Minister-in-charge of Smart Nation, assures them of an ecosystem with enough smart money By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SOME 500 startups and 35 incubators at the JTC LaunchPad@one-north widely considered as Singapore’s startup hub and comprised of blocks 71,
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    • Article
      Lock icon Oil climbs back above US$50 after Monday’s drop
      555 5 BLOOMBERG London OIL climbed amid speculation that the drop below US$50 a barrel in London for the first time since January was excessive. Brent futures gained 1.7 per cent, paring a 5.2 per cent fall on Monday. US oil prices have slumped
      BLOOMBERG  -  555 words
    • Article
      Lock icon StarHub, MDA to put S$10m into local TV and online content
      509 5  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore STARHUB and the Media Development Authority (MDA) will together spend up to S$10 million this year to commission over 80 hours of original local productions on television and digital platforms. MDA will
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  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      58 2 RI O ■fBSte-;, V 12 /^S 11 01 A ww o Mf.isterSingf.r 02 I 07 I MW Singapore's Golden Jubilee Limited Edition of 50 pieces, Swiss Made, Automatic, ETA 2824-2 movement, Stainless Steel case, 43 mm Vi/ MeisterSinger Exclusive Retailer: Masterpiece Time Jewels Pte Ltd 435 Orchard Road, #02-04/05 Wisma
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      89 5 INTRODUCING THE NEW SINGAPORE AIRLINES PREMIUM ECONOMY CLASS m m V 'gL 3 A GREAT NEW WAY TO FLY. EXTRA COMFORT. EXTRA CHOICES. EXTRA PRIVILEGES. When it comes to flying, it’s the little things that make the journey great. Like a more comfortable seat, additional meal and beverage choices, and
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  • COMPANIES & MARKETS
    • Article
      Lock icon Sembcorp Q2 profit up on disposal gain
      507 6  -  Turnover slips on weaker contributions from utilities, marine and urban development segments; overseas growth strategy still on track, says CEO By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WITH its power plant in India expected to come fully onstream in the third quarter, utilities group
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    • Article
      Lock icon Perennial records S$33.5m profit for 8-month period post-RTO
      604 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore PERENNIAL Real Estate Holdings Limited recorded a total profit after tax and minority interest (Patmi) of S$33.5 million for the period of about eight months from Oct 28, 2014, to June 2015. This was after the
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    • Article
      Lock icon 8 startups in first batch of SPH Plug & Play programme
      405 6  - 8 startups in first batch of SPH Plug Play programme By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE Press Holdings (SPH), Plug and Play and Infocomm Investments on Tuesday unveiled the inaugural batch of eight startups for the SPH Plug Play accelerator programme, which was first announced in April this year
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    • Article
      Lock icon AsiaPhos back in the black for Q2
      395 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASIAPHOS Limited marked a turnaround in its financial performance with a net profit of S$481,000 for the second quarter ended June 30, from a net loss of S$417,000 for the year-ago period, as revenue tripled to S$
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    • Article
      Lock icon UBS is upbeat on eurozone
      468 7  -  But steer clear of Greece, it cautions; Singapore equities also seen as looking attractive now By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE eurozone is the most promising place to park money right now despite the recent turmoil there but steer clear of Greece, a top
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    • Article
      Lock icon APTT posts 2.4% rise in Q2 operating earnings
      232 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASIAN Pay Television Trust (APTT) reported a 2.4 per cent year-on-year rise in operating earnings (Ebitda) to S$50.4 million for the second quarter ended June 30, driven by higher revenue across each of the service offerings
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Aug 4,2015 3,191.04 -1.75 (-0.05%) Current streak 4 days Day high 3,193.54 Day low 3,175.07 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist Index Aug 4,2015 613.75 +6.01 (+0.99%) Current streak 1 day Day high 613.75 Day low
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    • Article, Illustration
      Lock icon STI flat on weak China data, Wall Street fall
      635 8  -  Index dips in fourth straight day of losses; eyes on coming US data for indication on possible September rate rise STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT WEAK manufacturing data from China and an overnight fall in Wall Street gave the local
      Source: Bloomberg  -  635 words
    • Article
      Lock icon STI STOCKS
      315 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 +1 244/240 271 219 6 6148.8 CapitaLand 318 -6 324/316 379 293 11.6 2.8 *****.9 CapitaMall Trust 208 +2 209/203 228 188.5 5.2 7217 CityDev 928 -15 947/924 1095 915 11.2
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 263,186,300 StratechGroup 108,599,300 Chinese Global 77,699,400 Debao Property 72,121,600 Qingmei 64,253,800 Market volume 2,106,292,000 VALUE Noble 145,351,726 Global Logistic 139,930,199 UOB 78,940,841 Singtel 73,070,295 Keppel Corp 67,290,378 Market value 1,377,211,000
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    • Article
      Lock icon SGX ETFs
      114 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US753 -6 589 761/746 1000/696 753/757 94.1 STI ETF 322 xd 505 323/320 355/319 322/323 UETF SSE50China 250 +6 38 251/242 340/150 250/251 78.1 Nikko AM STI ETF 325 -1 31 327/325
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 4 VALUE CLOSE BT OB/OS -1118.00 -15.00 BT CADI -*****.00 +34.00 BT 10-day MA -*****.00 -112.00 FTSE ST Mid Cap 727.89 +3.48 FTSE ST Small Cap 448.11 +0.66 FTSE ST All Share 764.59 +0.31 FTSE ST China Top 186.05 +3.37 FTSE ST China 226.81 +2.22 FTSE
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 101.8 0.5 *****/***** Jardine C&C 3077 75.0 2.5 4580/2878 DBXT CSI300 US$ 1085 38.5 2.6 1471/679 DBXT MSKorea US$ 5098 37.2 0.5 6625/5049 DBXT E50 US$ 5130 27.5 0.4 5310/4562 BY PERCENTAGE CLOSE UP 52w high/low NobleGrpMBeCW*****1 3.9 129.4
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Aug 4,2015 764.59 +0.31 (+0.04%) Current streak 1 day Day high 764.59 Day low 761.13 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index Aug 3,2015 1,877.37 -2.38 (-0.13%) Current streak 1 day Day high 1,878.48 Day low 1,869.10 52-week high 1,949.49 (May 15, 2015) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 3 0 0 0 3 7 3 Manufacturing 51 47 27 12 4 12 63 51 39 Commerce 20 21 10 6 6 1 26 27 11 Tpt/Stor/Comms 20 17 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,864 18,864 90,548 90,548 Manufacturing 339,315 130,995 470,310 112,369 5,117 117,487 Commerce 321,665 83,348 405,013 246,568 3,554 250,122 Tpt/Stor/Comms 177,742 3,031 180,773 185,871 243 186,114 Finance 27,911 24 27,935 223,273 4 223,277 Construction 46,094 19,299
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5159 -338.5 -4.6 6788/5159 Lyxor ThaiSET US$ ***** -163.7 -1.0 *****/***** SPDR S&P500 US$ ***** -158.2 -0.5 *****/***** JSH USD 2961 -94.9 -2.3 3784/2944 DBXT AUDBods AU$ ***** -51.2 -0.2 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low ChinaSing Inv 0.7 -76.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Chinese Global 77,699.4 0.043 +0.012 +38.71 Qingmei 64,253.8 0.023 +0.007 +43.75 MYP 238.5 0.200 +0.019 +10.50 Foreland FabriT 48,782.8 0.028 +0.009 +47.37 Debao Property 72,121.6 0.051 +0.018 +54.55 Koda 132.6 0.081 -0.019 -19.00 Noble 263,186.3 0.600 +0.130 +27.66 AVJennings A$ 49.6 0.640 +0.040 +6.67 Beng
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    • BROKERS’ TM£
      • Article
        Lock icon Biosensors International
        129 8 Hold Target price: S$0.63 Aug 4 close: S$0.70 OCBC Investment Research, Aug 4 BIOSENSORS International Group’s Q1 FY16 sales declined 16 per cent year on year to US$67 million, making up 19.9 per cent of our FY16 forecast. Product revenue of US$60.5 million was at its lowest over
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      • Article
        Lock icon Vard Holdings
        73 8 Sell Target price: S$0.36 Aug 4 close: S$0.435 RHB, Aug 4 GLOBALLY, oil majors are cutting capex budgets and being more selective on green-lighting projects. The axe should fall hardest on the highest-cost, longest-time-to-first-oil projects, that is ultra-deepwater exploration fields. Under-utilised ultra-deepwater assets are then likely to encroach
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      • Article
        Lock icon CWT Ltd
        179 8  -  Compiled by Melissa Tan Hold Target price: S$2.18 Aug 4 close: S$2.10 Maybank Kim Eng, Aug 4 CWT made an announcement that its controlling shareholder, C&P Holdings, is considering a strategic review, which may or may not lead to a transaction involving CWT. CWT’s share price gained 15
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    • Article
      Lock icon CALENDAR
      18 8 DATA I 4pm (Aug 5) Singapore COE Bidding Results I 8pm (Aug 5) US MBA Mortgage Applications
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    • Article
      Lock icon Commodity units recover some ground
      422 9 CURRENCIES REUTERS London MAJOR currencies closely linked to commodities prices recovered some ground on Tuesday after a rough few weeks as oil prices steadied and Australia’s central bank changed its tone. The Aussie dollar rose 1.5 per cent to its highest in a fortnight after
      REUTERS  -  422 words
    • Article
      Lock icon Commodity units recover some ground
      422 9 CURRENCIES REUTERS London MAJOR currencies closely linked to commodities prices recovered some ground on Tuesday after a rough few weeks as oil prices steadied and Australia’s central bank changed its tone. The Aussie dollar rose 1.5 per cent to its highest in a fortnight after
      REUTERS  -  422 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.969 4.586 0.673 5.726 47.189 99.582 0.915 8.589 2.848 1.119 75.193 33.702 1.016 9.326 0.715 23.318 25.881 0.473 0.739 Canada 1.032 4.732
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0160 1.0167 0.7384 0.7388 Canadian dollar 1.0485 1.0489 0.7621 0.7620 Euro 1.5100 1.5105 1.0974 1.0976 NZ dollar 0.9080 0.9090 0.6599 0.6605 Sterling pound 2.1478 2.1487 1.5609 1.5613
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 4 S$ Bid Offer 1-month 1.3772 1.3778 2-months 1.3782 1.3787 3-months 1.3790 1.3794 6-months 1.3806 1.3815 Source: OCBC
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    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.969 4.586 0.673 5.726 47.189 99.582 0.915 8.589 2.848 1.119 75.193 33.702 1.016 9.326 0.715 23.318 25.881 0.473 0.739 Canada 1.032 4.732
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0160 1.0167 0.7384 0.7388 Canadian dollar 1.0485 1.0489 0.7621 0.7620 Euro 1.5100 1.5105 1.0974 1.0976 NZ dollar 0.9080 0.9090 0.6599 0.6605 Sterling pound 2.1478 2.1487 1.5609 1.5613
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 4 S$ Bid Offer 1-month 1.3772 1.3778 2-months 1.3782 1.3787 3-months 1.3790 1.3794 6-months 1.3806 1.3815 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 9 Most active Aug 4 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.3 0.1 ***** 1 1 30 3.33 24 DBS MB eCW*****1 12.7 0.4 5064 0.1 2100 4 KepCorp MB ePW*****3 7.4 1 4935 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Aug 3 Index Change Change Change Change Change Change World Preliminary 1347.3 0.1 5.6 0.6 7.2 -0.1 3.2 EAFE Preliminary 1095.8 0.3 11.0 0.5 9.9 -0.1 5.8 Europe Preliminary 1526.2 0.5 10.5
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 9 Aug 4 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug15 *****.50 *****.50 *****.00 *****.50 *****3 *****8 Sep15 *****.00 *****.00 *****.00 *****.00 618 2385 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****0 Dec15 *****.00 *****.00 *****.00 *****.00 212 ***** MSCI TAIWAN
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 9 Most active Aug 4 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.3 0.1 ***** 1 1 30 3.33 24 DBS MB eCW*****1 12.7 0.4 5064 0.1 2100 4 KepCorp MB ePW*****3 7.4 1 4935 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Aug 3 Index Change Change Change Change Change Change World Preliminary 1347.3 0.1 5.6 0.6 7.2 -0.1 3.2 EAFE Preliminary 1095.8 0.3 11.0 0.5 9.9 -0.1 5.8 Europe Preliminary 1526.2 0.5 10.5
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 9 Aug 4 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug15 *****.50 *****.50 *****.00 *****.50 *****3 *****8 Sep15 *****.00 *****.00 *****.00 *****.00 618 2385 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****0 Dec15 *****.00 *****.00 *****.00 *****.00 212 ***** MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 Aug 4 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 4 $S Offer Bid 0vernight 0.04 0.02 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Aug 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.34 102.42 102.42 5-Year N*****0S 2.000 01-Jul-20 100.16 100.15 100.15 10-Year NX*****Z 2.375 01-Jun-25 98.47 98.65 98.45 15-Year NY*****E 2.875 01-Jul-29 100.62 20-Year NZ*****V 3.375 01-Sep-33 106.93 107.20 107.20
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 4 $S Offer Bid 0vernight 0.04 0.02 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Aug 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.34 102.42 102.42 5-Year N*****0S 2.000 01-Jul-20 100.16 100.15 100.15 10-Year NX*****Z 2.375 01-Jun-25 98.47 98.65 98.45 15-Year NY*****E 2.875 01-Jul-29 100.62 20-Year NZ*****V 3.375 01-Sep-33 106.93 107.20 107.20
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      • Article
        Lock icon SIBOR
        36 9 Aug 4 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 1.***** Source: Thomson Reuters
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Aug-3 Price Net change change Last Trade Agricultural Aug-3 CBOT Soybeans (US cents/bu) 977.50 -3.25 -0.33% 14/08/2015 CBOT Soybean Oil (US cents/lb) 29.85 -0.13 -0.43% 14/08/2015 CBOT Wheat (US cents/bu) 499.00 -0.25 -0.05% 14/09/2015 Aug-3 LIFFE Cocoa (£/tonne) 2110.00 -21.00 -0.99% 15/09/2015 LIFFE Coffee (US$/tonne) 1625.00 -13.00 -0.79%
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        248 9 Aug-3 Price Net change change Last Trade Agricultural Aug-3 CBOT Soybeans (US cents/bu) 977.50 -3.25 -0.33% 14/08/2015 CBOT Soybean Oil (US cents/lb) 29.85 -0.13 -0.43% 14/08/2015 CBOT Wheat (US cents/bu) 499.00 -0.25 -0.05% 14/09/2015 Aug-3 LIFFE Cocoa (£/tonne) 2110.00 -21.00 -0.99% 15/09/2015 LIFFE Coffee (US$/tonne) 1625.00 -13.00 -0.79%
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    • Article, Illustration
      Lock icon Freer reign for S’pore, HK Reits may see them in riskier areas: S&P
      639 10  -  MAS’s proposed 45% gearing limit is consistent with recent research by DTZ, it says By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE freer regulatory rein for real estate investment trusts (Reits) in Singapore and Hong Kong will not
      PHOTO: REUTERS  -  639 words
    • CORPORATE DIGEST
      • Article
        Lock icon IPIT
        111 10 INDIABULLS Properties Investment Trust (IPIT) swung into a net loss of S$476,000 for the first quarter ended June 30, from a net profit of S$195,000 in the year-ago period, as property income fell and operating expenses rose. Net property income for the period declined 11 per cent from a
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      • Article
        Lock icon PSL Holdings
        85 10 PSL Holdings disclosed on Tuesday its plans to diversify its business into investing in companies and other entities through equity, securities and other instruments such as bonds or convertible bonds, and investing in quoted securities and instruments including but not limited to funds and bonds. It is currently
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      • Article
        Lock icon SBI Offshore
        124 10 SBI Offshore said it has entered into an agreement to acquire a 51 per cent stake in the assets to be injected in its newly formed joint-venture company, Graess Energy, for S$13.97 million. The addendum was entered into between SBI and Graess Energy with GSS Renewables Private Limited
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      • Article
        Lock icon Ho Bee Land
        86 10 HO Bee Land has inked a second prime office acquisition in west End London within a week, with its wholly owned subsidiary HB Mayfair entering into a sale and purchase agreement with Aberdeen Asset Management to acquire the office known as 110 Park Street, Mayfair for £45.8
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      • Article
        Lock icon STATS ChipPAC
        73 10 STATS ChipPAC announced a net loss of US$20.11 million for the second quarter ended June 28, 2015, compared to a US$1.58 million net loss one year ago. Revenue fell 15.4 per cent to US$346.87 million, from US$409.9. For the six months ended June 29, net loss was US$20.98
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      • Article
        Lock icon BBR Holdings
        69 10 WEIGHED down by lower revenue from the general construction and property development segments, BBR Holdings posted a 99.2 per cent drop in net profit to S$40,000 for the second quarter. This translates to earnings per share of 0.01 cent for the three months ended June 30, 2015, down
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      • Article
        Lock icon Riverstone Holdings
        68 10 LIFTED by a higher demand for gloves, Riverstone Holdings’ net profit for the second quarter jumped 68.1 per cent to RM27 million (S$9.7 million). This translates to earnings per share of 7.27 sen for Q2 2015, up from 4.32 sen in the corresponding quarter last year. Revenue rose
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      • Article
        Lock icon Chip Eng Seng Corporation
        56 10 SINGAPORE-based property and construction group Chip Eng Seng Corporation posted a 14.9 per cent rise in net profit to S$21.4 million for Q2 2015, or earnings per share of 3.42 cents. The earnings were boosted by the property development division. Total revenue rose 59.4 per cent
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        Lock icon Japan Foods Holding
        58 10 japan Foods Holding reported a 28.8 per cent increase in first-quarter FY2016 net profit to S$1.1 million. Revenue for the three months ended June 30, 2015, was 0.8 per cent higher at S$15.8 million, lifted by an increase in the number of stores. Earnings per share were
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        Lock icon Swiber Holdings
        60 10 SWIBER Holdings has secured a US$80 million letter of intent to install pipelines and supporting structures for a global energy company in Latin America. It said the project will boost its order book to about US$1.9 billion. Installation work is expected to commence in the third quarter of
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      273 6 Wine, Dine Hospitality Hie ,.V» Mikuni’s Summer Unagi Festival “Doyo No Ushi No Hi” Now till 31 August 2015 “Doyo No Ushi No Hi” is a period in Japan dedicated to appreciating eel as a culinary delicacy. Renowned for boosting energy in the summer heat, look forward to Executive Chef
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      40 6 BT Wine, Dine Hospitality Pages save more than for10x3colfull-colourad For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Alisa Tan 9154 8381 Ellen Lee 9368 3533 LiuJiehan 9068 5087 Rachel Khoo 9298 9465 Francis Yeo 9620 1356
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      97 7 Swiss quality. The travel version. Fly directly from Singapore to Switzerland and experience how Swiss quality and hospitality can turn any journey into something special. Find out more on swiss.com \\W 0* O'" n o"‘ o'" O'" *0" I Tli ire -I j “-.4a i ~--A -1 i-- ..v. i
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      112 10 mi; si iv mis n mi :s SG’s Yummiest Food News Reviews Seletar Mall Win a pair of invites to a sumptuous SaShok The Seletar Mall! Stand a chance to win one of the 20 pairs of invites to the feast hosted by The Straits Times's food critics. Tan Hsueh
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Challenging market weighs down bids for West Coast site
      578 11  -  Tender gets just 6 bids, down from 18 for neighbouring site in June 2013; top bid also 20% lower By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A STATE tender closing on Tuesday for a 99-year leasehold private residential site along West Coast
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    • Article
      Lock icon UK construction growth slows in July on softer housebuilding
      290 11 REUTERS London GROWTH in Britain’s construction industry slowed unexpectedly in July, hurt by a loss of momentum in housebuilding and civil engineering, according to a survey published on Tuesday that highlighted the economy’s reliance on its services sector. The monthly Markit/CIPS
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      Lock icon PICTET
      263 11 Pictet-Absl Rtn Fxd Inc-HP EUR 30/07/2015 EUR 103,27 Pictet-Absl Rtn Glo Div-P EUR 30/07/2015 EUR 119,51 Pictet-Asian Equities Ex Japan-P USD 31/07/2015 USD 192,81 Pictet-Asian Local Currency Debt-P USD 31/07/2015 USD 142,28 Pictet-Biotech-P USD 30/07/2015 USD 854,49 Pictet-Clean Energy-P USD 30/07/2015 USD 83,99 Pictet-Digital Communication-P USD 30/07/2015 USD 231,11
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      Lock icon Indonesia builders’ US$ bonds outperform despite slowing economy
      711 12 Their debt has returned an average 5.4% this year, while paper in other industries has lost 0.3% BLOOMBERG Singapore WHAT could be nicer than your own beachside villa in Bali boasting a plunge pool, ocean views and personal chauffeur? For some, owning
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      Lock icon Mumbai’s Sunteck seeking funds to buy distressed property
      717 12 Luxury condo developer sees opportunity to buy firms struggling with debt BLOOMBERG Singapore A DEVELOPER of luxury condominiums in one of Mumbai’s popular business districts is seeking private equity funds to buy distressed assets from rivals reeling under record debt. Sunteck Realty
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    • Article
      Lock icon Swiss housing bubble risk is at its highest since 1991: UBS
      310 12 REU TERS Zurich THE Swiss property market, moving ahead while the economy shrinks, is in more danger of developing a bubble than at any time since 1991, UBS said in a quarterly study on Tuesday. Negative interest rates have
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    • Article
      Lock icon Slide in Greek residential property price gains pace in Q2
      274 12 REUTERS Athens GREEK residential property prices declined at a faster pace in the second quarter than the first, data showed on Tuesday, as Greece’s slide back into recession hit household incomes and employment. Property accounts for a large chunk of
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    • Article
      Lock icon Blackstone, Fortress among bidders for Japan’s Simplex
      354 12 REUTERS Tokyo US INVESTMENT funds Blackstone Group, Fortress Investment Group and Elliot Management are among those shortlisted for the second round of bidding to buy Japan’s Simplex Investment Advisors in a deal that could top US$ 1 billion, three people with knowledge of
      REUTERS  -  354 words
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      119 11 Prof Tim Boatswain Chairman, TEG Board of Directors, former Pro- Vice Chancellor of I University of Huddersfield, University of Bedfordshire glynd\ PROVIDING THE BEST EDUCATION Lxo FULFIL EVERY STUDENT'S AMBITION! Master of Business Administration MBA (Accounting and Finance) MBA (Fluman Besource Management) MBA (International Business) MBA (Marketing) MBA (Flealthcare Management)
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      336 11 ■P STProperty EVENTS STPROPERTY SEMINAR Grow Your Returns Through Real Estate Investment in Singapore the Asia Pacific All prices are inclusive of GST TICKETS NORMAL 1- Day Pass $30 2- Day Pass $40 Date: Saturday Sunday 29-30 August 2015 /rmi J ws ATTEND OUR SEMINAR FOR A CHANCE TO WIN
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      328 12 CELEBRATING SG50 WITH SARIS I REMEMBER... Four tabla! readers share their memories of the day Singapore became independent and the first National Day GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon In Greece, plastic casts light into shadow economy
      662 13 Increase in debit cards coming into circulation will ensure that more buying and selling of goods and services will go through the books BLOOMBERG Athens GREECE’S banking crisis is having at least one positive outcome, and it’s made of plastic. In a
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      Lock icon How Tom Hayes’ Libor dreams ended in a 14-year prison term
      1383 13 BLOOMBERG London THE journey that led Tom Hayes to a drab courthouse on the banks of the River Thames started 9,600 kilometres away on a buzzing trading floor in Tokyo’s financial district in the summer of 2006. Hayes had
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      1438 13 NOTICES CITYNEON HOLDINGS LIMITED (Company Registration No. *****3628E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting of Cityneon Holdings Limited (the “Company”) will be held at 84 Genting Lane, #06-01 Cityneon Design Centre, Singapore *****4 on 20 August
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  • ENERGY & COMMODITIES
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      Lock icon Green energy companies see secure future in Obama’s plan
      644 14 Plan to force utilities to use renewable sources to produce electricity offers a degree of stability over next 15 years REUTERS New York SOLAR and wind energy in the US is likely to have a secure future thanks to President Barack
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      Lock icon Bucking global trend, S Koreans pile into gold
      492 14 REUTERS Seoul SOUTH Koreans are on course to buy a record amount of gold in 2015, worried that a meltdown in China’s stock markets will destabilise South Korean equities and wanting to replenish a traditional store of value in an era of
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      Lock icon Shell to strengthen Russian hand through Gazprom asset swap
      646 14 BLOOMBERG London ROYAL Dutch Shell Plc will swap a stake in one of its international energy assets for part of Gazprom PJSC’s Sakhalin-3 project as Europe’s biggest oil company extends ties with Russia. The companies are discussing which asset would be
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    • Article
      Lock icon Australia seeking exposure to future US sugar demand in trade pact
      365 14 REUTERS Sydney AUSTRALIA is seeking a guaranteed slice of any growth in demand in the US sugar market in talks with Washington on the Trans-Pacific Partnership (TPP) trade pact, a source with knowledge of the Australian position said. Australia,
      REUTERS  -  365 words
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      380 14 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices I aptt Asian Pay Television Trust (Registration Number *****05) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR THE DISTRIBUTION FOR THE PERIOD FROM 1 APRIL 2015 TO 30
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      114 14 FUJITEC SINGAPORE CORPORATION LIMITED (Co. Reg. No. *****1108W) (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE AND ERROR IN THE NAME OF HOLDER OF LOST SHARE CERTIFICATE AreporthasbeenmadetotheDirectorsofthelossofthefollowingsharecertificateinthename of KAZUFUMITERAJIMAand an application has been made to the Directors to issue duplicate certificate in place of the following certificate in
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      17 14 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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  • TECHNOLOGY
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      Lock icon Samsung in uphill battle for mobile market share
      687 15 The Korean firm will be forced to cut margins to compete with lower cost competitors that run the same Android software, say analysts REUTERS Seoul FOR four years, Samsung Electronics has basked in the success of its Galaxy smartphones, making billions of
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    • Article
      Lock icon Microsoft’s offshore profit stockpile crosses US$100b mark
      298 15 BLOOMBERG Washington MICROSOFT Corp’s stockpile of offshore profits rose to US$108 billion, with a 17 per cent increase over the past year as the company continues reaping profits in low-tax foreign jurisdictions. The company crossed the US$100 billion mark, making it just the
      BLOOMBERG  -  298 words
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      Lock icon Twitter’s drop to its lowest since IPO may draw takeover offers
      625 15 BLOOMBERG San Francisco TWITTER Inc management’s tough talk may be turning the company into a takeover target. Shares slumped 5.6 per cent on Monday to US$29.27, the lowest price since the company’s November 2013 initial public offering. The move
      BLOOMBERG; PHOTO: AFP  -  625 words
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      Lock icon Internet group submits plan for US to cede domain oversight
      409 15 REUTERS Washington AFTER months of work, a group of international Internet experts has released a proposal describing how the US government can complete its domestically controversial plan to cede oversight of the non-profit entity that manages the Internet’s names and
      REUTERS  -  409 words
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      1048 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Pharmesis International Ltd. (Incorporated in the Republic of Singapore) (Company Registration Number *****9641E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of PHARMESIS INTERNATIONAL LTD. (the “Company”) will be held at 5 Kallang Sector, #03-02,
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  • CONSUMER
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      123 16 We understand how much you value time, so we did the legwork for you. astaooe ■i'1% m j >Vr Japan researchers develop scanner to detect marbled meat In cattle Banks likely to feel the heat of Savings Bonds SINGAPORE How dinner with Joseph Schooling became a $25,000 donation I w
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon June factory orders rebound on strong demand for transportation equipment
      439 17 New orders for manufactured goods increase 1.8% after declining 1.1% in May LATEST US DATA REU TERS Washington NEW orders for US factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign
      REUTERS  -  439 words
    • Article
      Lock icon Greek banks weigh down stocks as bailout talks grind on
      660 17 Greece faces a repayment deadline of 3.2 billion euros to the European Central Bank on Aug 20 AFP Athens THE Athens stock exchange slipped further on Tuesday, weighed down by bank shares, as Finance Minister Euclid Tsakalotos prepared for a
      AFP  -  660 words
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      Lock icon China dethroned as world’s most liquid stock market after curbs
      637 17 BLOOMBERG Beijing CHINA has lost its title as the world’s most liquid stock market as trading halts and regulatory efforts to curb bearish transactions drive away investors. Daily turnover on mainland exchanges has averaged the equivalent of US$202 billion over
      BLOOMBERG; PHOTO: AFP  -  637 words
    • Article
      Lock icon Tech lift to productivity overlooked? The Fed doesn’t think so
      850 17 REUTERS San Francisco STEVE Gutmann used to have a basement that he never used. His Honda Civic sat idle in front of his Portland, Oregon house. Now strangers use Getaround.com to book Mr Gutmann’s US$6-an-hour car for errands and travellers
      REUTERS  -  850 words
    • Article
      Lock icon EU-Vietnam free trade deal to remove over 99% of tariffs on goods
      503 17 AFP Brussels THE European Union (EU) and Vietnam on Tuesday announced a free trade deal that would remove nearly all tariffs that Brussels called a “milestone” on the way to a region-wide agreement with South-east Asia. The EU
      AFP  -  503 words
    • Article
      Lock icon Vested interests hamper TPP trade talks
      1113 18 All 12 nations are asserting their particular economic and political interests; biggest problem may be intractable differences over intellectual property protection NYT Washington TOKYO was ready to extend major concessions on American truck tariffs but was blocked by Mexico, which wanted less competition for
      NYT  -  1,113 words
    • Article, Illustration
      Lock icon Rise of Swiss franc exposes limitations of central bank power
      758 18 BLOOMBERG London THOMAS Jordan’s struggle to control the franc shows just how unforgiving foreign exchange markets can be. The first two-month drop against the euro since April last year hasn’t convinced traders to give up on another rally in Switzerland’s
      BLOOMBERG; PHOTO: REUTERS  -  758 words
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      Lock icon Raj an holds India rate, rebuffing pressure from government
      757 18 BLOOMBERG Mumbai INDIAN central bank governor Raghuram Rajan kept interest rates unchanged, rebuffing pressure from the Finance Ministry to reduce borrowing costs that are among the highest in Asia. Mr Rajan left the benchmark repurchase rate at 7.25 per cent after
      BLOOMBERG  -  757 words
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      Lock icon Puerto Rico defaults on bond payment, pays fraction of US$58m
      433 18 REUTERS New York PUERTO Rico has defaulted on its debt by paying only a fraction of what was due on bonds due on Aug 1, showing the depth of the island’s economic and cashflow problems and potentially opening the door
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  • TRANSPORT
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      Lock icon Safe manning of ships under spotlight
      916 19  -  intermanager wants flag states to agree on legislation to ensure that there are sufficient people to operate a vessel safely while catering for the necessary rest hours STRAIT TALK BY DAVID HUGHES THIS week, the Maritime and Port Authority of Singapore (MPA) is hosting
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      Lock icon MH370’s social media hype hurting Malaysia Airlines demand: CEO
      445 19 BLOOMBERG Sydney MEDIA coverage of the search for missing Flight 370 is hurting ticket sales at Malaysia Airlines, chief executive officer Christoph Mueller said. “Particularly pronounced” coverage of the search for MH370, which is thought to have crashed in the Indian
      BLOOMBERG  -  445 words
    • Article
      Lock icon Chinese consortium to salvage sunken South Korean ferry
      233 19 AFP Seoul SOUTH Korean officials announced on Tuesday that a Chinese-led consortium had won the bidding to take on the massive task of raising the Sewol ferry that sank with the loss of over 300 lives a year ago. The 6,825-tonne passenger
      AFP  -  233 words
    • Article
      Lock icon New US airline group backs Gulf carriers in row
      246 19 REUTERS New York A CHALLENGE by US airlines that accuses three Gulf carriers of distorting competition via government subsidies took another turn on Monday with the formation of a US airline group that backs the Gulf-carriers’ cause. Four long-time supporters of
      REUTERS  -  246 words
    • Article
      Lock icon Delta bans hunting trophies as cargo after Zimbabwe lion kill
      421 19 BLOOMBERG Dallas DELTA Air Lines, the largest US carrier to Africa, banned big-game trophies as freight after the killing of Cecil the Lion in Zimbabwe triggered mounting global outrage. The worldwide prohibition, effective immediately, covers elephants, rhinoceros, leopards and buffalo
      BLOOMBERG  -  421 words
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      Lock icon US car firms beat estimates with sales near 10-year-high as economy improves
      1017 20 Momentum will continue as consumers trade in old vehicles with employment getting better, say analysts BLOOMBERG Southfield, Michigan SURPRISING US sales gains from the Detroit Three and top Japanese automakers provide another sign that the American consumer is
      BLOOMBERG; PHOTO: REUTERS  -  1,017 words
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      Lock icon Toyota says quarterly profit up 10% to 646b yen, lifts sales forecast
      630 20 AFP Tokyo TOYOTA on Tuesday said its net profit for the three months to June jumped 10 per cent from a year ago, crediting a weak yen and cost cuts, while it also boosted its annual sales forecast.
      AFP; PHOTO: AFP  -  630 words
    • Article
      Lock icon BMW reports drop in Q2 profit, says slowing China clouds outlook
      492 20 REUTERS Frankfurt BMW, the world’s biggest luxury carmaker, warned on Tuesday that its outlook could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time in a
      REUTERS  -  492 words
    • Article
      Lock icon Car-parts giant Continental raises 2015 forecast on lower raw material costs
      561 20 BLOOMBERG Frankfurt CONTINENTAL AG, Europe’s secondbiggest maker of car parts, raised its 2015 profitability goal as lower supply costs bolstered second-quarter earnings. The stock jumped the most in 91/2months. Earnings before interest and taxes, and adjusted for one-time gains
      BLOOMBERG  -  561 words
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      10 19 my.sg O I apt ,r 0 SCAN WIN more @showbiz.omy.sg
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      204 19 The one-day conference will be a pure learning journey where only investment ideas, content, strategies and discussion matter. We promise. At this conference, there will be no sales talks, previews or hard-selling. We want our participants to be UNPLUGGED from all the marketing spiel. “One does not go to see
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      13 19 ASIA’S LEADING LUXURY YACHTING MAGAZINE SINCE 1976 SUBSCRIBENOW! Available on Subscribe at www.asia-pacificboating.com
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1953 21 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR MALAYSIA STAR 48 50 10/8 12/8 15/8 18/8 DREAM JASMINE 18 100 15/8
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      107 21 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 S—m THE BUSINESS TIMES Shipping times Make A Splash In The Maritime World Via s^3maritime.coM Ahoy there! If you are in a business pertaining to any sector
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  • OPINION
    • Article
      Lock icon Federal Reserve likely to start raising rates later rather than sooner
      613 22 EDITORIAL MOST experts reckon that the US Federal Reserve will embark on an interest rate-raising cycle this year, the only question being the timing of the first hike. This comes from a growing belief that the US economy is
      613 words
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      Lock icon Tokyo and Beijing will get torched by the Olympics
      863 22  -  THE BOTTOM LINE By William Pesek BLOOMBERG VIEW TOKYO and Beijing are still celebrating the news that they will host the 2020 Summer and 2022 Winter Olympics respectively. But it’s time to congratulate the real winners: all the cities that have
      BLOOMBERG VIEW  -  863 words
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      Lock icon Riding the new Silk Road economic belt
      1742 22  -  Kerry Group’s George Yeo says China trade does not mean China it means the great flows across Asia, which cuts to Singapore, to China coasts, to Europe and US.BY SHU-CHING JEAN CHEN US.BY SHU-CHING JEAN CHEN FROM his perch as vice-chair-man of the
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      Lock icon UK eyes Asia trade deals in case Brexit really happens
      1240 23  -  COMMENTARY By Loke Hoe Yeong T The writer is associate fellow at the European Union Centre in Singapore. He recently published a brief, “To leave or not to leave? Contentious debates on the UK’s membership of the EU”. Opinions expressed
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      Lock icon Greece should prepare for Grexit and then not do it
      1666 23  -  A credible threat point may deliver a better outcome for both the nation and its creditors. BY CHARLES WYPLOSZ T The author is professor of international economics at the Graduate institute, Geneva. This commentary was sourced from VoxEu.org, a Web
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  • LIFE & CULTURE
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      Lock icon Influencers with big followings get picky about endorsements
      1005 24 Online stars are being much more selective for fear of appearing to sell out NYT New York RICKY DILLON, 23, who is known for creating quirky online videos, has millions of followers on Instagram and Twitter. His YouTube channel has more than
      NYT; PHOTO: NYT  -  1,005 words
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      Lock icon The end of hitchBOT: ‘Bad things happen to good robots’
      563 24 AFP Washington HITCHBOT the adorable hitch-hik-ing robot pieced together from household odds-and-ends ended its travels across America early, after being destroyed by vandals and left on the side of a road, its creators said. Envisioned as a social experiment to
      AFP; PHOTO: AFP  -  563 words
    • Article, Illustration
      Lock icon Audemars Piguet present floral clock for SG50
      196 24  -  By Shawn Teo shawnteo@sph.com.sg SWISS watchmaker Audemars Piguet and Gardens by the Bay jointly unveiled Singapore’s largest and only floral clock on Tuesday. Situated in the Gardens between the conservatories and the Supertree Grove, the botanical timepiece comemmorates the nation’s Golden Jubilee. Minister
      PHOTO: SHAWN TEO  -  196 words
    • Article
      Lock icon New York’s youth orchestra downsizes to survive
      483 24 NYT New York THE Little Orchestra Society is getting littler, at least for now. The orchestra an important part of New York City’s music scene since 1947 that has focused in recent years on classical music for children plans to cut the number
      NYT  -  483 words
  • Page 24 Advertisements
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      53 24 BuildTech Mandalay 2016 Mandalay's Leading Building Technology and Supply Event 20-22 JANUARY 2016 Mandalay City Hall, Myanmar 10am-6pm (20-21 Jan) 110am-5pm (22 Jan) Mandalay’s FIRST Building Construction Trade Exhibition! DISCOVER MARKET OPPORTUNITIES! /7/Y\ if a. PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or call +65 6319 4037 Visit www.btmandalay.com
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      331 24 CRYPTIC CROSSWORD Across 1 Equip pal to create ornamental work (8) 9 Ardent male meeting me in passage (8) 10 Prophet: ‘Before noon you will return amazingly’ (4) 11 Secretly, trendy needs self-assurance (2,10) 13 Lasses returning to big pile refuse to get dropped by mine (4,4) 15 Small canine
      331 words
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      435 25 Speak Confidently, Present Engagingly, Work Productively! Who should attend: Sales professionals, first line managers, trainers and team leaders. FULL-DAY WORKSHOPS Speak With Confidence The ability to deliver an engaging speech or a winning presentation to bosses, colleagues and clients cannot be overstated. As much as the content of a speech
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Positive underpinnings for equities in Asia: BNP fund manager
      747 26  -  Reform, policy easing, cash-rich corporates are key factors. BY GENEVIEVE CUA ASIAN equities are currently under-owned, but are expected to stage a bull run over the next five to 10 years, says BNP Paribas Investment Partners head of Asia Pacific equities
      Source: Bloomberg, BNPP IP Asia (July 21, 2015); PHOTO: BNP  -  747 words
    • Article, Illustration
      Lock icon Gold bears dig in as bullion funds lose another US$6b
      634 26 BLOOMBERG Chicago SPECULATORS keep punishing gold. Money managers stayed net-short on bullion for a second week, after going bearish for the first time since the US government data begins in 2006. The value of exchange-traded products (ETPs) tracking gold slumped
      BLOOMBERG; PHOTO: BLOOMBERG  -  634 words
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      Lock icon Bull market losing biggest supporter as Apple caps 10% retreat
      638 26 BLOOMBERG New York THE bull market’s base just lost another brick. Amid a collapse in breadth and the threat of falling earnings, add a correction in Apple Inc shares to the concerns facing investors. The iPhone maker slipped 2.4 per
      BLOOMBERG; PHOTO: BLOOMBERG  -  638 words
    • Article
      Lock icon Funds sell more Singapore shares than they buy
      480 25 ON THE RADAR GLOBAL mutual funds sold more stocks than they bought in the three months to July 29. Based on the top five stocks, there were net sells of S$1.18 billion compared to net buys of S$965.4 million. This week we
      480 words
    • Article
      Lock icon Barefoot genius aims to end broker rip-offs
      954 25 Stephane Tyc, champion of high-frequency trading, wants to flip the balance of power to investors from brokers and create a system that allows everyone to check trades BLOOMBERG Chicago THE man who helped revolutionise high-frequency trading greets guests to his Paris office in
      BLOOMBERG  -  954 words
  • Page 26 Advertisements
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      64 26 Find your work-life groove From laid back to more upbeat, you’ll find a range of aspirations in the Emirates Business Class. Savour gourmet cuisine, or laugh through the latest comedies. Get in tune with the business of living. World-class service Gourmet cuisine Free Wi-Fi available on select aircraft For more
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