The Business Times, 7 August 2015

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Total Pages: 37
1 40 The Business Times
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  • Title Section
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    19 1 SHE BUSINESS TIMES www. usinesstimes.com.sg FRIDAY, AUGUST 7, 2015 S$1.00 MCI (P) 039/08/2015 S|Jl A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article, Illustration
    Lock icon Driving Singapore
    1299 1  -  sg50 By Samuel Ee samuelee@sph.com.sg Singapore IT was once derided as a “biscuit tin”, but today the Japanese car is embraced by the ordinary motorist for its economy and reliability, so much so that Singapore’s two most popular models currently are Japanese makes. But 50 years ago, as
    FILE PHOTO  -  1,299 words
  • Article, Illustration
    Lock icon Gloom deepens for local firms in Q2: survey
    967 1  -  Economists lay blame on domestic and external factors, including the slowdown in China By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore DARK clouds lingered over the local business environment in the second quarter this year, as firms in Singapore became even more downcast amid
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  • TOP STORIES
    • Article
      Lock icon Downtown Line 2 to open on Dec 27
      489 2  -  Rides to be free for a time for residents to familiarise themselves with the stations: Lui By Ong Hui Qun ohuiqun@sph.com.sg Singapore DOWNTOWN Line 2, comprising 12 stops between Bukit Panjang and Bugis, will open on Dec 27. Rides will be free
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    • Article, Illustration
      Lock icon KL says matches prove wing part is from missing MH370
      550 2 French prosecutors say more analysis needed to be certain Reuters Kuala Lumpur MALAYSIA said on Thursday paint colour and mainte-nance-record matches proved that a piece of wing found on the shore of an Indian Ocean island was part of the
      Reuters; PHOTO: AFP  -  550 words
    • MARKETS
      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.385 (US$/S$ per 1.560 2.161 EURO (US$/S$/€ 1.089 1.509 Foreign currency per US$ S$ YEN 124.90 90.10 RM 3.900 2.815 HK$ 7.751 5.595 BAHT 35.18 25.39 RUPIAH 13,543 9,776 RENMINBI 6.210 4.482 INDIAN RUPEE 63.80 46.05 A$ 1.366 0.986 NZ$ 1.532 1.106
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      • Article
        Lock icon STOCKS
        58 2 GSTI 3,196.66 (+5.27) GSTI FUTURES 3,178.00 (+4.00) GSIMSCI 357.46 (+0.33) HSIMSCI FUTURES 354.70 (-0.20) Thursday Change KL COMP 1,694.64 -30.92 NIKKEI 225 20,664.44 +50.38 HANG SENG 24,375.28 -138.88 SET 1,430.58 -5.78 JAKARTA 4,806.56 -43.97 MANILA 7,589.95 -72.60 KOSPI 2,013.29 -16.47 SHENZHEN B 1,207.00 -5.49 MUMBAI IND 28,298.13 +75.05 10am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.626 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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    • Article
      Lock icon Majority of firms in 5 big sectors see 2015 sales slide
      489 4  -  This compares with only 26% which expect better sales: BT-UniSIM poll By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore COMPANIES across all major sectors in Singapore are mostly expecting a poorer sales showing this year from last year as global growth
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    • Article, Illustration
      Lock icon Egypt’s gift to the world: A two-way Suez
      662 5  -  Expanded canal will cut ships’ waiting time; immediate impact on trade flows unclear By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Ismailia, Egypt WITH much pomp and pride, Egypt’s military regime launched the New Suez Canal on Thursday in front of dignitaries from around the
      PHOTO: BLOOMBERG  -  662 words
    • Article, Illustration
      Lock icon Singapore music hits new highs
      539 5  -  sg50 By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore SINGAPORE music is seeing a new resurgence as more Singaporeans are buying and listening to local music, said Lawrence Wong, Minister for Culture, Community and Youth and Second Minister for Ministry of Communications and Information. Speaking to the
      PHOTO: SHAWN TEO  -  539 words
    • Article, Illustration
      Lock icon How about a timepiece to mark the Jubilee?
      1046 6  -  Watch brands have come up with timepieces just 50 in each design with price tags from $149 to $36,600 SG50| By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore WATCH brands big and small are cashing in on SG50 with special-edition watches to mark
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      50 2 CONTENTS LIFESTYLE Cover Story 38-40 Cinema 37 NEWS Top Stories 2-7 Companies Markets 8-11 Market Stats 12-13 Real Estate 14-15 Banking Finance 16 Energy Commodities 17 Technology 18 Consumer 19 Govt Economy 20-25 Opinion 26-27 Transport 28 Shipping Times 29-30 Music 36 Arts 34-35 Wine 33 CityLife 32 CityBuzz 31
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      Lock icon Page 7 Advertisements Column 1
      305 7 World Amateur Golfers Championship SINGAPORE Do you have what it takes to play golf for Singapore? Last year, we played all our qualifiers at Tanjong and the final at Serapong. This time around, we are giving all the participants a real treat by hosting all the qualifiers at Serapong, arguably
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  • COMPANIES & MARKETS
    • Article
      Lock icon Noble redeems US$735m of bonds
      495 8  -  Analyst says short-sellers could still be betting on the downside for Noble shares By Angela Tan angelat@sph.com.sg Singapore NOBLE Group has fully redeemed US$735 million worth of bonds, a move seen by some observers as demonstrating the ample liquidity that the commodities group talked about
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    • Article
      Lock icon Hyflux bottom line hit by lower disposal gains
      391 8  -  Q2 and H1 profits fall 58% and 68% respectively By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WATER-TREATMENT group Hyflux said that it was looking out for more opportunities to sell off assets as it posted a sharp drop in earnings for the second
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    • Article
      Lock icon IHH says it doesn’t have stake in India hospital group
      211 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IHH Healthcare Berhad has clarified that it is in discussions with certain shareholders of India-based Ravindranath GE Medical Associates Private Limited, a holding company of Hyderabad-based Global Hospitals Group, for a potential acquisi- tion.
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    • Article
      Lock icon STATS ChipPAC sets up new board as offer turns unconditional
      318 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore STATS ChipPAC on Thursday unveiled a new board of directors, a day after the offer for the Singa-pore-listed company was declared unconditional. China’s Jiangsu Changjiang Electronics Technology Co (JCET), the takeover offeror, has garnered
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    • Article
      Lock icon Hong Leong Finance Q2 profit dips
      187 9  -  By Ong Hui Qun ohuiqun@sph.com.sg Singapore HONG Leong Finance posted a 0.7 per cent year-on-year decrease in net profit to S$13.96 million for the second quarter ended June 30. For the half year, earnings rose 3.6 per cent to S$29.5 million. Annualised earnings per
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    • Article, Illustration
      Lock icon Not all is lost for trading reps
      660 9  -  HOCK LOCK SIEW R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent ANECDOTALevi-dence from remisiers and retail trading representatives (TRs) is that because of poor market conditions over the past year, an increasing number of their ranks are in danger of losing their jobs because they
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    • Article
      Lock icon A-Reit exploring openings in Australia, Germany
      225 9  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE manager of Ascendas Reit (A-Reit) on Thursday said it is “actively exploring” investment opportunities in mature developed markets such as such as Australia and Germany for the industrial Reit. That said, the Reit’s portfolio will remain predominantly
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    • Article
      Lock icon Price accord ends row over Myanmar Brewery
      275 9  -  By Elizabeth Mak eamak@sph.com.sg Singapore FRASER Neave (F&N) said on Thursday that Myanma Economic Holdings Ltd (MEHL) has agreed to buy F&N’s 55 per cent stake in Myanmar Brewery Limited for US$560 million. The value is based on the exchange rate between the
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    • Article, Illustration
      Lock icon A forgettable week in the market in run-up to Aug 9
      743 10  -  A weak week for stocks, with the volatility in the China market and anticipation of the rise in US interest rates providing the backdrop STOCKS| R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT hasn’t been a particularly good week for
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    • Article
      Lock icon Ho Bee Land’s Q2 profit jumps 37%
      366 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HO Bee Land on Thursday reported a 37 per cent jump in net profit to S$16.7 million for the second quarter ended June 30, 2015. Its rental income rose 14 per cent to S$30.6 million, buoyed by
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    • Business briefing
      • Article
        Lock icon Metro Group
        69 10 DUSSELDORF-BASED retailer Metro Group has bought Singa-pore-headquartered food service distributor Classic Fine Foods Group (CFF) from private equity firm EQT for “an enterprise value of US$290 million plus an earn-out of up to US$38 million depending on the Ebitda performance in 2015 to 2017”. CFF is a leading
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      • Article
        Lock icon Religare Health Trust
        50 10 RELIGARE Health Trust’s total distributable income rose 7.8 per cent to S$15.4 million for fiscal Q1 ended June 30, as a result of the growth in operational revenue, coupled with lower trust expenses. This works out to distribution per unit of 1.94 Singapore cents for the quarter.
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      • Article
        Lock icon Ascendas Hospitality Trust
        75 10 ASCENDAS Hospitality Trust has reported a 3.2 per cent increase in distribution per unit to 1.28 Singapore cents for the fiscal first quarter ended June 30. This was despite a 2.7 per cent drop in gross revenue to S$52.8 million and a 0.9 per cent dip in
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    • Article
      Lock icon SMEs get help in demand side of business
      672 11  -  99%SME campaign to use dedicated website, support videos, pledges to help drive business By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore GIVEN that most policies aimed at small and medium enterprises (SMEs) are supply-side driven, Singapore Telecommunications (Singtel) and DBS Bank have decided to
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    • BROKERS' TAKE
      • Article
        Lock icon CapitaLand
        112 11 Buy Aug 6 close: S$3.22 Target price: S$4.07 OCBC Investment Research, Aug 6 WE judge this quarter’s results to be mostly in line with expectations and year-to-date operating PATMI now makes up 55.4 per cent of our full year forecast.The pace of home sales in China picked up significantly
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      • Article
        Lock icon Venture Corp
        119 11 Buy Aug 6 close: S$8.20 Target price: S$10.70 Maybank Kim Eng, Aug 6 SECOND-quarter topline growth of 10 per cent was contributed equally by shipments growth and forex gains an improvement over Q115 when forex gains accounted for most of the growth. Management continued to guide for full-year
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      • Article
        Lock icon Keppel Corp
        190 11  -  Compiled by Melissa Tan Hold Aug 6 close: S$7.52 Target price: S$8.14 DBS Group Research, Aug 6 KEPPEL remains committed on paying out 50 per cent of its earnings to reward shareholders. Although dividends per share could moderate with earnings decline, yields remain fairly attractive at 5-6 per
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    • Article
      Lock icon STI STOCKS
      315 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 +1 242/240 271 219 6.1 6098.2 CapitaLand 322 +5 326/321 379 293 11.8 2.8 *****.8 CapitaMall Trust 207 +1 207/204 228 188.5 5.2 7183.7 CityDev 927 -9 934/924 1095 915 11.1
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    • Article
      Lock icon SGX ETFs Most Active
      107 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 323 +1 322 323/321 355/319 322/323 IS MS INDIA US$ US766 +4 140 767/760 1000/696 766/768 95.8 CIMBASEAN40 US$ US889 -21 95 899/877 1111/877 889/901 139.4 UETF SSE50China 246 -2 69 248/245 340/150 243/246
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    • Article
      Lock icon SIBOR
      28 12 Aug 6 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      785 12 For week beginning Aug 3 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Tee Intl 05-Aug-15 Phua Chian Kin Buy 20 0.24 *****7 54.23 *****7 54.24 Japfa Ltd 05-Aug-15 Kevin
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 4 0 0 0 6 5 4 Manufacturing 43 66 26 10 15 7 53 81 33 Commerce 16 22 14 3 4 5 19 26 19 Tpt/Stor/Comms 11 15 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,675 15,675 66,705 66,705 Manufacturing 196,762 58,794 255,556 107,105 2,188 109,293 Commerce 127,207 80,897 208,104 96,326 2,495 98,822 Tpt/Stor/Comms 125,277 11,982 137,259 189,036 1,126 190,163 Finance 16,321 243 16,564 187,476 44 187,519 Construction 33,475 8,400
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Aug 6 VALUE CLOSE BT OB/OS -1133.00 -10.00 BT CADI -*****.00 -54.00 BT 10-day MA -*****.00 -113.00 FTSE ST Mid Cap 728.68 +1.66 FTSE ST Small Cap 447.71 -0.40 FTSE ST All Share 765.74 +1.23 FTSE ST China Top 186.52 -0.45 FTSE ST China 228.63 -1.09 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE JasonHldg 97,740.4 0.146 +0.074 +102.78 Mary Chia 289.0 0.052 +0.009 +20.93 CEI Contract Mfg 600.8 0.535 +0.075 +16.30 Beng Kuang 143,389.1 0.079 +0.013 +19.70 Alpha Energy 600.0 0.150 -0.040 -21.05 Transcorp 100.0 0.151 -0.020 -11.70 Mencast 197.0 0.245 +0.045 +22.50 Europtronic 7,563.9 0.011 -0.005 -31.25
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Aug-5 Price Net change change Last Trade Agricultural Aug-5 CBOT Soybeans (US cents/bu) 991.75 15.75 1.61% 14/08/2015 CBOT Soybean Oil (US cents/lb) 29.63 -0.20 -0.67% 14/08/2015 CBOT Wheat (US cents/bu) 502.00 8.50 1.72% 14/09/2015 Aug-5 LIFFE Cocoa (£/tonne) 2068.00 -34.00 -1.62% 15/09/2015 LIFFE Coffee (US$/tonne) 1653.00 14.00 0.85%
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    • Article
      Lock icon PALM OIL
      57 13 Aug 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 15 2011.0 2035.0 2028.0 2010.0 137 2410 Sep 15 2022.0 2042.0 2043.0 2009.0 2769 ***** Oct 15 2021.0 2045.0 2047.0 2006.0 ***** ***** Nov 15 2032.0 2059.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      74 13 Aug 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****Z 02-May-16 0.96 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.25 5-Year N*****0S 2.000 01-Jul-20 99.79 10-Year NX*****Z 2.375 01-Jun-25 98.01 98.10 98.10 15-Year
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Aug 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0132 1.0145 0.7315 0.7322 Canadian dollar 1.0508 1.0514 0.7588 0.7586 Euro 1.5087 1.5096 1.0892 1.0895 NZ dollar 0.9038 0.9048 0.6525 0.6530 Sterling pound 2.1608 2.1621 1.5600 1.5604
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      202 13 Most active Aug 6 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****7 17.3 -1 9080 0.0 3 Rowsley Ltd W*****3 2.4 unch 6535 1 18 14 DBS MB eCW*****1 12.3 unch 3585 0.1 2100 4 OCBC
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Aug 5 Index Change Change Change Change Change Change World Preliminary 1353.2 0.7 6.1 1.1 8.1 0.5 3.4 EAFE Preliminary 1103.6 0.7 11.8 0.7 10.7 0.1 5.8 Europe Preliminary 1540.5 1.0 11.5
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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      348 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LOCALNOMAD PTE. LTD. (Registration No. *****8890H) (Incorporated in the Republic of Singapore) Statutory Declaration by Directors of Company’s Inability to Continue Business by Reason of its Liabilities We, JEROME JACQUES AMEDEE MARIEN (Passport No. 15AD*****) of
      348 words
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      50 11 SG 50 YOUR NEWSPAPER GOES 3D THE STRAITS TIMES CELEBRATES SG50 WITH A 3D FLYPAST ON ITS COVER ON AUG 9, SUJ VI Download SPH AR app, launch the camera J and point it at The Sunday Times front page on Aug 9. Available on the App Store Google play
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  • REAL ESTATE
    • Article
      Lock icon HDB resale prices down 0.5% in July: SRX
      648 14  -  Divergence in direction of SRX and HDB indices in Q2 seen by consultants as signalling stabilising prices By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE 0.5 per cent drop in the resale prices of Housing Development Board (HDB) flats in July from the
      648 words
    • Article
      Lock icon Billionaire Packer sells Sydney mansion for record A$60m
      355 14 Bloomberg Canberra CASINO billionaire James Packer sold his Sydney harbourside mansion for a reported A$60 million (S$61 million), a new record in Australia’s biggest city. The six-level La Mer property in the suburb of Vaucluse owned by Mr Packer and his former
      Bloomberg  -  355 words
    • Article, Illustration
      Lock icon Mumbai’s property market may see 20% erosion, says fund
      348 14 Bloomberg Mumbai HOME prices in Mumbai, India’s most expensive property market, may plunge as much as 20 per cent over the next year as record-high prices dent demand amid a glut, according to the country’s largest real estate fund. Northern parts
      Bloomberg; PHOTO: BLOOMBERG  -  348 words
    • Article, Illustration
      Lock icon Fresh signs of Dubai’s property-market woes
      780 15 Brokers chase ebbing home sales as prices fall and deals dry up, but developers continue to start megaprojects Bloomberg Dubai THE jagged hole that used to be the glass front door of Dubai’s S&K Estates Agents sums up the state of the city’s homeselling
      Bloomberg; PHOTO: BLOOMBERG  -  780 words
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      Lock icon Page 15 Advertisements Column 1
      87 15 SALE The Twilight House Isabel Redrup Heritage Series FOR Otherworldly. Award-winning. Extraordinary scale. Welcome to our Twilight House, which looks wonderful at dusk or in the daytime. The ceilings are double volume, the doors are triple height, and the greenery is glorious. Unsurpassed renovations. If you desire an innovative art
      87 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Anglo, Glencore now better buys for PSG
      735 17 Commodity rout gives portfolio manager Shaun le Roux courage to bet the two firms will emerge as winners Bloomberg Johannesburg THE bloodletting that’s gripping commodity markets is giving Shaun le Roux the courage to bet that Anglo American plc and Glencore plc will
      Bloomberg; PHOTO: BLOOMBERG  -  735 words
    • Article
      Lock icon Pertamina losing 80b rupiah a day from subsidised fuel sales
      376 17 Reuters Jakarta INDONESIA’S Pertamina is losing 80 billion rupiah (S$8.2 million) a day from subsidised fuel sales, adding to losses from declining oil prices that have cut into first half profits in its upstream business, the state energy company said
      Reuters  -  376 words
    • Article
      Lock icon Jakarta block on corn imports to hike poultry prices: trade group
      398 17 Reuters Jakarta INDONESIA’S recent move to block imports of corn for feed mills will cause wholesale poultry and egg prices to rise at least 6 per cent over the next month, the Indonesian Poultry Farmers Association said on Tuesday.
      Reuters  -  398 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Gates tops Forbes’ list of tech billionaires
      406 18 The average age on this list is 53, a decade younger than that for all billionaires AFP Washington MICROSOFT’S Bill Gates was the unsurprising leader of the first Forbes list of the richest global tech billionaires, while Amazon founder Jeff Bezos saw his
      AFP  -  406 words
    • Article
      Lock icon GE plans app store for gears of industry
      466 18 NYT New York GENERAL Electric (GE) has seen the future of manufacturing and it involves competing with some very big technology companies. GE announced on Wednesday a push into computer-based services, connecting sensors that are on machines to distant computing centres where
      NYT  -  466 words
    • Article
      Lock icon Epson revamps printer and ink approach
      806 18  -  By Kyle Stock Bloomberg San Francisco TICKING off one’s best customers every few months isn’t a flawless corporate strategy. It tends to incite strong feelings, at best, and massive class-action lawsuits, at worst. Epson seems to have finally realised as much. After decades of
      Bloomberg  -  806 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Tough time for McDonald’s, KFC in China
      724 19 After being battered by food scares, they now face a slowing economy, fiercer competition Reuters Shanghai ON birthdays and for special treats, Lu Yuanli would take her son to their local KFC for his favourite meal, fried chicken wings, but the Chinese mother
      Reuters; PHOTO: REUTERS  -  724 words
    • Article
      Lock icon Melco Crown to open US$3.2b Macau casino amid slump
      633 19 Bloomberg Hong Kong MELCO Crown Entertainment Ltd plans to open a US$3.2 billion casino in Macau on Oct 27, joining in a competition to lure Chinese tourists amid an industry downturn that has seen high rollers vanishing. Melco, controlled by billionaires
      Bloomberg  -  633 words
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  • SG50
    • Article, Illustration
      Lock icon 50 years of music making
      423 20 / 21 Jointly organised by The Straits Times and The Business Times, the Sing50 concert today showcases iconic songs composed, performed or made popular by home-grown artists across all languages and music genres over the past 50 years. This will be performed on a special stage that
      Source: Pico Art; BT Graphics: Simon Ang, Ludwig Ilio  -  423 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China revamps stimulus playbook for growth
      716 22 Another round of infrastructure investment in the works; policy banks expected to issue special bonds soon Bloomberg Beijing A BOOM in the financial sector spurred by a parabolic rise in share turnover helped China’s economy grow by 7 per cent in the first half
      Bloomberg  -  716 words
    • Article, Illustration
      Lock icon Raising interest rates with zero inflation remains a hard sell
      787 22 Reuters London AMERICANS and Britons bracing themselves for their first interestrate rises in almost a decade are puzzled: Why are rates about to go up when there’s no inflation? Both the US Federal Reserve and Bank of England (BOE) are
      Reuters; PHOTO: AFP  -  787 words
    • Article, Illustration
      Lock icon Economy needs major surgery: S Korea’s Park
      453 23 President says this is necessary to solve nation’s chronic and structural problems Reuters Seoul SOUTH Korea’s president called on Thursday for “major surgery” on the economy, which faces slowing growth and increasing challenges as she approaches the half-way point of her single five-year
      Reuters  -  453 words
    • Article
      Lock icon TPP talks: no consensus on resumption date
      257 23 Reuters Tokyo NO agreement has been reached on the date for a new round of talks on a pan-Pacific trade deal after ministers failed to overcome feuds over car trade, dairy goods and next-generation drugs, a senior Japanese official said on Thursday. Failure
      Reuters  -  257 words
    • Article
      Lock icon Victorious executive pay campaigner sets sights on Swiss central bank
      388 23 Bloomberg Zurich THE man who defied Switzerland’s establishment and pushed through restrictions on executive pay has a new pet project: Changing the way the Swiss National Bank operates. After the central bank’s decision to allow the franc to float freely
      Bloomberg  -  388 words
    • Article
      Lock icon Paying the price for emerging market bonanza
      763 24 Investors face what could turn out to be a lost decade of returns, with four or five more meagre years ahead Bloomberg New York JUST 14 years ago, Wall Street fell in love with the BRICs, the tidy acronym for four major emerging
      Bloomberg  -  763 words
    • Article, Illustration
      Lock icon Half a billion dollars to get a gentler climate-change plan
      680 24 Bloomberg New York THERE could be half a billion reasons for the concessions US President Barack Obama’s cleanpower plan made to a defiant energy industry. Electric utilities, oil companies and their allies spent US$502 million on lobbying in the year
      Bloomberg; PHOTO: AFP  -  680 words
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  • focus: MH370
    • Article
      Lock icon Australia confident that search is in the right area
      532 25 Finding of wreckage on Reunion is consistent with current search area AFP Sydney AUSTRALIAN authorities said on Thursday that they were confident that the search for MH370 was being carried out in the right area and that the plane would be
      AFP  -  532 words
    • Article, Illustration
      Lock icon For families, debris leaves uncertainty in its wake
      478 25 Bloomberg Beijing MALAYSIA’S leader called it conclusive evidence; for others, it fell short of that standard. To Jacquita Gonzales, that difference means the long wait for closure on missing Malaysia Airlines Flight 370 continues. Investigators “conclusively” confirmed the wing part found on
      Bloomberg; PHOTO: REUTERS  -  478 words
    • Article
      Lock icon Confirmation of debris does little to dispel wildly diverse theories
      470 25 Reuters Sydney CONFIRMATION that a wing flap found on the French island of Reunion in the Indian Ocean is from Malaysian Airlines Flight MH370 is unlikely to put an end to wildly diverse theories about one of the biggest mysteries
      Reuters  -  470 words
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  • OPINION
    • Article, Illustration
      Lock icon Time for S’pore to embrace telemedicine
      976 26 / 27  -  The possibilities are myriad and the productivity, the patient experience and the cost savings are compelling. By Ron Emerson By Ron Emerson ~The writer is global director of healthcare at Polycom WHAT if patients can consult their doctors anytime, anywhere, and, likewise, healthcare professionals
      PHOTO: LIM YAOHUI/THE STRAITS TIMES  -  976 words
    • Article, Illustration
      Lock icon Building a sound employer brand
      938 26 / 27  -  By Michael Smith ~The writer is country director of Randstad Singapore CONSUMER goods giant Procter Gamble (P&G) was recently recognised as Singapore’s most attractive employer at the 2015 Randstad Awards. Changi Airport Group and Shell placed second and third respectively, while OCBC nabbed the most
      PHOTO: KUA CHEE SIONG/ THE STRAITS TIMES  -  938 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Inefficiencies hinder Modi’s hinterland plans
      718 28 Govt needs to move faster to fix stalled rail and road corridors, lower costs Reuters Mumbai MUMBAI’S commercial seaport, which handles over half the container traffic through India’s major ports, is doubling capacity as Prime Minister Narendra Modi seeks to build an export powerhouse. The
      Reuters; PHOTO: REUTERS  -  718 words
    • Article
      Lock icon Boeing loses large satellite deal due to trade credit woes, sources say
      407 28 Reuters Washington BOEING Co is scrambling to find alternate financing for a satellite contract worth “several hundred million dollars” that was scuttled by privately held commercial satellite provider ABS due to uncertainty about the future of the US
      Reuters  -  407 words
    • Article
      Lock icon Londoners hit hard by Underground rail staff strike
      299 28 Reuters London MILLIONS of Londoners struggled to work on Thursday as a strike brought the Underground rail network to a standstill for the second time in a month over plans for a new all-night service. Commuters turned to cars, boats, bicycles and
      Reuters  -  299 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1817 29 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR DREAM JASMINE 18 100 16/8 18/8 21/8 23/8 POSITIVE STAR 109 100 28/8
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  • BT Living
    • CITY BUZZ
      • BT writers’ picks of what to see, do or talk about CITY BUZZ
        • Article, Illustration
          Lock icon Jazz with a touch of classical music
          391 31  -  By Dylan Tan MUSIC Promise Jazz on Strings YOU’RE never too old to keep learning, says veteran Singapore-based musician Rick Smith. The 63-year-old earned his Bachelor of Arts in Composition three years ago and his studies have in part led to the formation
          391 words
        • Article, Illustration
          Lock icon Craft + Design Fest
          157 31  - Craft Design Fest FESTIVAL By Tay Suan Chiang DO more than just shop when you are at Paragon next weekend. Several popular home and lifestyle brands are coming together to host the first Craft Design Fest to celebrate good design. Brands such as Commune by Abitex, Baker Furniture, BoConcept, Heng
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        • Article, Illustration
          Lock icon #Hawkerpedia
          123 31  -  Online By Rachel Loi IF there’s anything that binds Singaporeans, it’s our love of food. In particular, our love of hawker food. So in celebration of SG50, it’s appropriate that home-grown food app Burpple is launching a hashtag campaign #Hawkerpedia to collect and share Singaporeans’ stories related to their
          123 words
        • Article, Illustration
          Lock icon Roll Out Sushi Bar
          133 31  -  TAKEAWAYS By Tay Suan Chiang THESE have got to be the prettiest sushi rolls. Roll Out sushi rolls are so called because each roll comes decked with ingredients on top as opposed to the conventional rolls where there is seaweed on the outside. Some of the
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        • Article, Illustration
          Lock icon Nanyang, The Musical & Kumar’s Living Together
          251 31  - Nanyang, The Musical Kumar’s Living Together SINGAPORE INTERNATIONAL FESTIVAL OF ARTS By Helmi Yusof THE Singapore International Festival of Arts kicks off this week with two shows Nanyang, The Musical and Kumar’s Living Together. Nanyang, The Musical is an original musical that takes its inspiration from the history of Singapore’s
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    • CITY LIFE/ARTS
      • Article, Illustration
        Lock icon Seeing the darkness in a new light
        702 32  -  The Singapore Night Festival returns with a showcase of the visual and performing arts. By Avanti Nim By Avanti Nim avantin@sph.com.sg OUR tiny island is certainly no stranger to festivals anymore. Revellers can find themselves lounging on the grassy knolls of the Gardens
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      • Article, Illustration
        Lock icon Peeling back a lifetime of hurt
        396 32  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT PEOPLE never really know one another even if they were once tied to each other by an umbilical cord. In the intimate, intense drama The Last Supper by Hong Kong Repertory Theatre, a mother (Lui Si Lan) and her
        PHOTO: HONG KONG REPERTORY THEATRE  -  396 words
    • WINE
      • Article, Illustration
        Lock icon When the sky’s the limit
        938 33  -  What is it about Montrachet that makes it the ultimate white wine? By NK Yong I WAS reminded of all the past examples of Montrachet which I have had the good fortune to drink at a Château Latour vertical tasting recently. The introductory white wine
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    • ARTS
      • Article, Illustration
        Lock icon Evoking the mood of a nation
        670 34  -  The spontaneous turnout of Singaporeans at the funeral of the nation’s first Prime Minister inspires artist Boo Sze Yang. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg WHAT will you remember most when you look back on 2015? The flight of the fighter planes during
        670 words
      • Article, Illustration
        Lock icon Getting to know Singapore’s first president
        661 34  -  By Cheah Ui-Hoon uihoon@sph.com.sg HE’S the face on Singapore’s currency bills, but little is known about Yusof Ishak beyond the fact that he was Singapore’s first president. Now, a titular biopic written and directed by his grand-niece Zizi Azah will reveal more about the
        661 words
      • Article, Illustration
        Lock icon Recapturing the innocence of youth
        562 35  -  Hong Kong-based artist Johnson Tsang’s exhibition seeks to unlock the inner child in us. By Avanti Nim avantin@sph.com.sg AS we grow older, we sometimes forget the playfulness and innocence of childhood, and the curiosity and openness that shaped us, making us the adults we are
        562 words
      • Article, Illustration
        Lock icon Bollywood Oscar nominee gives back
        446 35  -  By Avanti Nim avantin@sph.com.sg OSCAR nominee Jayashri Ramnath, fondly referred to as Dr Bombay Jayashri in the entertainment and Carnatic music industry, doesn’t consider the nomination of her lyrics for Pi’s Lullaby from the movie Life of Pi (2012) to be her proudest moment. Instead,
        PHOTO: DR BOMBAY JAYASHRI  -  446 words
    • MUSIC
      • Article, Illustration
        Lock icon Going after a new kind of sound
        569 36  -  Pop diva Kimbra’s second album moves away from the straightforward baroque-pop of her debut album. By Dylan Tan By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT IT’S common for singer-songwriters to struggle with the “second album syndrome” where they face a serious case of writer’s block
        PHOTO: FOREFRONT ASIA  -  569 words
      • Article, Illustration
        Lock icon Standing in his own spotlight
        315 36  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT YOU could understand the slightly less than spectacular turnout last Thursday evening when Johnny Marr played at the University Cultural Centre. Despite being co-founder of The Smiths, the 51-year-old has always stood in the shadow of Morrissey (who played here
        PHOTO: ALOYSIUS LIM / LAMC PRODUCTIONS  -  315 words
    • CINEMA
      • Article, Illustration
        Lock icon Sherlock Holmes faces his own mortality
        552 37  -  By Geoffrey Eu SHERLOCK Holmes never met a mystery he couldn’t solve but when senility and a shaky memory get in the way, will the literary world’s greatest detective finally be stumped? Mr Holmes, directed by Bill Condon, written by Jeffrey Hatcher and based
        552 words
      • Article, Illustration
        Lock icon F4 reboot: far from fantastic
        571 37  -  It might be wiser for the producers to focus on the X-Men series. By Geoffrey Eu By Geoffrey Eu ABOUT halfway through 20th Century Fox’s pedestrian reboot of Marvel’s Fantastic Four, viewers will come to the unfortunate but inescapable realisation that this latest entry in
        571 words
    • COVER STORY
      • Article, Illustration
        Lock icon SG Quirky: The A-Z of SG50
        1112 38 / 39  -  BT Lifestyle celebrates everything that makes Singapore unique this Jubilee Weekend. By Dylan Tan Additional reporting by Additional reporting by Tay Suan Chiang, Rachel Loi and Avanti Kumar Nim Afor Amos Yee. Who says we lack writers? Anybody who has read Yee’s Facebook updates
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  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      331 33 Across 1 Firm line held in competition in vessel (7) 5 Incompetent prescription against consumerism? (7) 9 Extremist engaged in awful trade (5) 10 Places where some are dazzled and most are kept in the dark? (9) 11 Sudden inspiration in bar, potentially? (10) 12 Impressively long English film (4)
      331 words
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  • Page 40 Advertisements
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      Lock icon Page 40 Advertisements Column 1
      65 40 LivingBTTHE BUSINESS TIMES FRRIDAY Au 7, 2015 CINEMA F4 reboot: far from fantastic 37 ARTS Evoking the mood of a nation 34 MUSIC Kimbra ’s new sound 36 ARTS Recapturing innocence of youth 35 SG QUIRKY BT Lifestyle celebrates everything that makes Singapore unique 38-39 ILLUSTRATION: LUDWIG ILIO CITY LIFE
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