The Business Times, 17 August 2015

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Microfilm: NL33587
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    32 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD BEST IN OVERALL REDESIGN S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, August 17,2015
    32 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,114.25 -82.41 KL COMP 1,596.82 -85.83 NIKKEI 225 20,519.45 -205.11 HANG SENG 23,991.03 -561.44 SHENZHEN B 1,244.04 +21.41 DOW 17,477.40 +104.02
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  • DAILY DIGEST
    • Article
      Lock icon All seven elected MPs
      26 1 from the Workers’ Party will defend their respective constituencies at the upcoming general election, party chairman Sylvia Lim said. TOP STORIES/ 2
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    • Article
      Lock icon US stocks
      25 1 are likely to swing back and forth this week as guesswork continues on the timing of the next interest-rate hike. TOP STORIES 3
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    • Article
      Lock icon Fixed-income strategists
      22 1 are under growing pressure to do something they’ve never really had to do before: bring in money. BANKING FINANCE 15
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    • Article
      Lock icon Goldman Sachs Group
      24 1 closed a nearly 35-year era of investments in commodity assets with the sale of a Colombian coal mine. ENERGY COMMODITIES 16
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    • Article, Illustration
      Lock icon Cartier and Louis Vuitton
      28 1 those global symbols of opulence, suddenly look like bargains in Brazil because of a plunge in the value of Brazil’s currency, the real. CONSUMER/19
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    • Article
      Lock icon There was one glaring omission
      33 1 in Greece's third bailout in five years: none of that new money flowing into Greece of 86 billion euros will come from the International Monetary Fund. GOVT ECONOMY/22
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    • Article
      Lock icon An aircraft with 54 people
      33 1 on board crashed in Indonesia’s remote and mountainous region of Papua on Sunday, a government official said. There was no immediate word on whether anyone survived. TRANSPORT 23
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    • Article
      Lock icon Queen Elizabeth
      28 1 becomes Britain’s longest-reigning monarch on Sept 9, beating the record held by her great-great-grandmother, Queen Victoria, who reigned for more than 63 years. LIFE CULTURE 26
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  • Article, Illustration
    Lock icon Higher claims, new player could squeeze insurer returns on Integrated Shield Plans
    804 1  -  Observers also say price war may occur given that penetration rate is more than 70% among those below 50 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore UNDERWRITING profits from the Integrated Shield Plan (IP) business in Singapore could narrow
    Sources: Data from Monetary Authority of Singapore, compiled by Wen Research  -  804 words
  • Article
    Lock icon IDA accreditation gives Singapore startups a boost
    987 1  -  It levels playing field, and helps to build solid local customer base and expansion abroad By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IF Accreditation@IDA could be represented by a hashtag (or two), #SupportLocal or #BuySingapore would be it. The scheme launched by the Infocomm
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  • TOP STORIES
    • Article, Illustration
      Lock icon PAP team counting on experience in fight for revived Jalan Besar GRC
      756 2  -  Yaacob Ibrahim, Heng Chee How, Denise Phua and Lily Neo have 60 combined years of political experience SINGAPORE GENERAL ELECTION By Cai Haoxlang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WHILE there are no fresh faces at the revived Jalan Besar Group
      PHOTO: NEO XIAOBIN / THE STRAITS TIMES  -  756 words
    • Article, Illustration
      Lock icon All 7 WP MPs staying put to defend seats
      802 2  -  PAP likely to field Shamsul Kamar, K Muralidharan Pillai, Victor lye, Chua Eng leong, Chan Hui Yuh for Aljunied GRC Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT By Singapore ALL seven elected members of parliament from the Workers’ Party (WP) will stay put to
      PHOTO: LIM YAOHUI / THE STRAITS TIMES  -  802 words
    • Article, Illustration
      Lock icon PAP introduces new face in Chua Chu Kang
      643 2  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE People’s Action Party (PAP) unveiled a host of lineups on Sunday, including a new face for Chua Chu Kang Group Representation Constituency (GRC), which will be fronted by Health Minister Gan Kim Yong, Zaqy Mohamad,
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  643 words
    • ELECTION DIGEST
      • Article
        Lock icon SPP, DPP still in talks over tie-up
        144 2 LEADERS of the Singapore People’s Party (SPP) and the Democratic Progressive Party (DPP) are still negotiating the terms of their partnership and will reveal their line-up for Bishan-Toa Payoh GRC closer to Nomination Day. During her walkabout at Potong Pasir, SPP chairman Lina
        144 words
      • Article
        Lock icon NSP on town council plan
        90 2 THE National Solidarity Party (NSP) said on Sunday that they would run a town council by directly employing the staff they need instead of engaging a subcontractor if they are elected, in response to questions about Deputy Prime Minister Teo Chee Hean’s criticism of the
        90 words
      • Article
        Lock icon PPP wants healthcare debate
        60 2 PEOPLE’S Power Party’s (PPP) secretary-general Goh Meng Seng invited Health Minister Gan Kim Yong to a public townhall debate on healthcare issues, during his walkabout near Teck Whye in Chua Chu Kang GRC. He added that he is not planning to change his line-up for the
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      • Article
        Lock icon SDP plans ‘good, clean campaign’
        52 2 SINGAPORE Democratic Party (SDP) said it wants to run a “good, clean campaign” that lets Singaporeans make decisions on important issues, at its 35th anniversary dinner on Saturday. Secretary-general Chee Soon Juan also said SDP is the only party to have drawn up its vision
        52 words
    • Article, Illustration
      Lock icon ‘Beggar thy neighbour’ devaluations unlikely: analysts
      771 3  -  By Anthony Rowley btworld@sph.com.sg Tokyo DEVALUATION of the Chinese yuan is “unlikely to mark the start of competitive currency devaluations in Asia”, according to veteran financial analyst Jesper Koll, who has added his voice to those calling for a more rational appraisal of China’s
      PHOTO: BLOOMBERG  -  771 words
    • Article
      Lock icon Guesswork continues on timing of US rate hike
      912 3  -  Traders will scrutinise the minutes of Fed’s July meeting for clues on the likelihood of a September hike WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks fell slightly last week after China’s sudden devaluation of the yuan, and they are likely
      912 words
    • Article, Illustration
      Lock icon Equity markets already sagging prior to yuan devaluation jolt
      824 4  -  Markets looking for an excuse to correct as institutions turn cautious over pricey valuations By Neil Behrmann btworld@sph.com.sg London EVEN before Tuesday’s sharp yuan devaluation, global equity markets were already beginning to sag as valuations were regarded as pricey and institutions
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    • Article, Illustration
      Lock icon Rising health insurance claims threaten all
      927 5  -  All stakeholders consumers, insurers, govt have to pitch in to stop claims from escalating to unsustainable levels COMMENTARY By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CALLS have been made recently for the five Integrated Shield Plan (IP) insurers to cut their premiums, with the government
      Sources: Data from Monetary Authority of Singapore, compiled by Wen Research  -  927 words
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      Lock icon Page 3 Advertisements Column 1
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      Lock icon Page 4 Advertisements Column 1
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      789 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      83 4 BuildTech Asia 2015 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2015 13-15 OCTOBER 2015 Singapore EXPO, Hall 3 MAX Atria, Singapore 10am-6pm (13-14 Oct) 110am-5pm (15 Oct) TOWARDS SMART BUILDING CONSTRUCTION Featuring 4 Key Segments Building Technology Construction Machinery New Materials Eletrical Mechanical Engineering LIMITED SPACES
      83 words
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      96 5 Door to door delivery just got faster. Weekly direct flights from Cincinnati now on Polar Air Cargo Worldwide. Move your cargo from DHL Express' world hub in Cincinnati to Singapore without missing a beat on Polar Air Cargo Worldwide's new weekly service. With links to Anchorage, Hong Kong and Incheon,
      96 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Growing Singapore physically
      943 6  -  Dredging, Environmental and Marine Engineering has been reclaiming land for industrial use since the 1990s.BY TTTOP LINE 1990s.BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT THE company’s name is not well known, but Dredging, Environmental and Marine Engineering (DEME) has played a key role in the growth of Singapore literally.
      PHOTO: SHAWN TEO  -  943 words
    • Article, Illustration
      Lock icon Crisis response should be done with confidence
      868 6  -  By Irving Low T The author is a member of the Governing Council of the Singapore institute of Directors. THE current business environment is a dynamic one in which risks can escalate at tremendous speed, particularly with the rapid dissemination of information through
      868 words
    • Article
      Lock icon Director buying surges, selling stays low
      1854 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying surged while the selling among directors remained low, based on filings on the Singapore Exchange (SGX) during the holiday-shortened week of August 11 to 14. A total of
      1,854 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times index Aug 14,2015 3,114.25 -82.41 (-2.58%) Current streak 2 days Week high 3,153.06 Week low 3,061.49 52-week high 3,525.19 (Apr 17, 2015) 52-week low 3,114.25 (Aug 14, 2015) FTSE ST Catalist index Aug 14,2015 599.53 -10.46 (-1.71%) Current streak 1 day Week high 606.25 Week
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    • Article, Illustration
      Lock icon Market pressure eases but no cause for optimism
      674 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ALTHOUGH prices may be close to a bottom after the selling of the past few weeks, which has taken the Straits Times Index down 7.5 per cent for the year so far, it’s difficult to be
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    • Article
      Lock icon STI STOCKS
      320 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 -12 242/225 271 219 6.4 5794.6 CapitaLand 314 -8 329/305 379 293 11.5 2.9 *****.9 CapitaMall Trust 197.5 -9.5 207/195 228 188.5 5.5 6854 CityDev 916 cd -11 924/876 1095 876
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Great Group 11,547.1 0.035 +0.019 +118.75 CPH 27,467.0 0.007 -0.002 -22.22 Mercator Lines 76,712.2 0.037 +0.003 +8.82 China Great Land 6,297.3 0.036 -0.004 -10.00 Vicplas Intl 1,135.2 0.078 +0.003 +4.00 KingsmenCreative 918.4 0.860 -0.090 -9.47 Select 263.7 0.435 +0.030 +7.41 Samko Timber 350.0 0.119 +0.012
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Aug 14,2015 746.08 -19.66 (-2.57%) Current streak 2 days Week high 756.10 Week low 736.05 52-week high 845.85 (Apr 17, 2015) 52-week low 746.08 (AUg 14, 2015)
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    • Article
      Lock icon GAINERS
      82 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 428.0 2.9 *****/***** DBS Bk 4.7% NCPS ***** 50.0 0.5 *****/***** IS ASIA BND S$D 1481 48.0 3.3 1481/1313 DBXT CSI300 US$ 1089 39.3 2.6 1471/679 IS S&P500 US$ ***** 28.1 0.1 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Great
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    • Article
      Lock icon LOSERS
      82 8 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -832.1 -3.3 *****/***** DBXT Nifty US$ ***** -579.5 -3.0 *****/***** Lyxor ThaiSET US$ ***** -484.1 -2.9 *****/***** DBXT ASX200 US$ 3342 -304.5 -6.1 4403/3342 DBXT MSMSIA US$ 1052 -209.1 -12.4 1593/1052 BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 596,871,000 StratechGroup 559,139,200 IHC 188,294,900 Golden Agri-Res 173,011,600 Mercator Lines 144,237,300 Market volume 7,022,707,000 VALUE DBS Grp 923,420,124 Singtel 565,134,990 UOB 564,151,307 OCBC Bank 471,273,620 Noble 332,740,749 Market value 6,455,220,000
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    • Article
      Lock icon SGX ETFs Most Active
      110 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 315 -8 3470 324/312 355/312 315/316 IS MS INDIA US$ US743 -23 1920 766/732 1000/696 743/745 92.9 Nikko AM STI ETF 318 -8 631 327/315 422/315 318/319 7.7 UETF SSE50China 248 +2 280 261/243
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    • Article
      Lock icon COMPANY MEETINGS
      151 8 COMPANY MEETING PLACE DATE TIME Lereno Bio-Chem Ltd E Singapore Council of Women’s Orgn Centre 96 Waterloo Street 17-Aug 11.30am Swing Media Technology S TKP Conference Centre 55 Market Street #03-01 Conference Room 2 17-Aug 9.30am Tye Soon Ltd E Jurong Country Club 9 Science Centre Road 17-Aug
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 14 VALUE CLOSE BT OB/OS -1012.00 +9.00 BT CADI -*****.00 -42.00 BT 10-day MA -*****.00 -101.00 FTSE ST Mid Cap 711.38 -0.67 FTSE ST Small Cap 434.63 -1.03 FTSE ST All Share 746.08 +4.00 FTSE ST China Top 182.58 -0.06 FTSE ST China 222.99 -0.41 FTSE
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Aug 14,2015 1,840.94 -27.70 (-1.48%) Current streak 1 day Week high 1,883.89 Week low 1,840.94 52-week high 1,949.49 (May 15, 2015) 52-week low 1,729.52 (Jan 9, 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 12 1 0 0 0 3 12 1 Manufacturing 40 105 20 6 29 8 46 134 28 Commerce 17 36 12 2 8 5 19 44 17 Tpt/Stor/Comms 8 29 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 73,430 73,430 301,475 301,475 Manufacturing 849,381 402,094 1,251,475 425,356 9,532 434,888 Commerce 867,390 215,367 1,082,757 606,506 9,844 616,350 Tpt/Stor/Comms 685,175 20,512 705,687 967,687 1,932 969,619 Finance 177,859 171 178,030 2,084,012 29 2,084,041 Construction 159,404 41,066
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    • Article
      Lock icon Prices track China’s currency action
      807 8 COMMODITIES London OIL and base metal prices, already hit by oversupply and sagging demand, suffered a fresh blow last week as China shocked markets by devaluing its currency. But gold and other precious metals managed to rise over the week. I OIL New York prices
      807 words
    • Article
      Lock icon Canadian dollar following closely behind plunging oil prices
      387 9  -  CURRENCIES By Bryan Lum T The writer is a forex dealer at Phillip Futures WHEN asked to consider the impact of falling resource prices on a nation’s economy, our attention naturally turns to neighbouring countries like Australia. Looking further from home though,
      387 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.965 4.723 0.663 5.724 48.047 101.766 0.918 8.695 3.008 1.130 75.207 34.113 1.036 9.478 0.721 23.729 26.031 0.473 0.738 Canada 1.037 4.897
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0353 1.0364 0.7378 0.7383 Canadian dollar 1.0735 1.0743 0.7653 0.7651 Euro 1.5620 1.5633 1.1132 1.1136 NZ dollar 0.9166 0.9172 0.6532 0.6534 Sterling pound 2.1877 2.1895 1.5591 1.5597
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE WEEKLY
        3 9
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 14 S$ Bid Offer 1-month 1.4046 1.4054 2-months 1.4058 1.4067 3-months 1.4068 1.4079 6-months 1.4089 1.4103 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        401 9 Aug 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug15 *****.00 *****.00 *****.50 *****.50 *****1 *****6 Sep15 *****.50 *****.00 *****.00 *****.00 6355 ***** NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec15 *****.00 *****.00 *****.00 *****.00 100 ***** MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        203 9 Aug 14 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****1 7.6 -2.6 ***** 0.2 1040 4 DBS MB eCW*****1 6.5 -5.8 ***** 0.1 2100 4 KepCorp MB eCW*****1 10.6 -1.5 ***** 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 14 Index Change Change Change Change Change Change World Preliminary 1327.9 0.0 4.1 0.5 8.0 0.0 1.8 EAFE Preliminary 1070.9 -0.3 8.5 0.2 10.0 -0.3 3.7 Europe Preliminary 1484.9 -0.3 7.5
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 14 $S Offer Bid 0vernight 0.03 0.02 1-month 0.8125 0.6875 2-months 0.875 0.75 3-months 0.9375 0.8125 Overnight mode: 0.05 US$ 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 SIBOR
        36 9 Aug 14 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        61 9 GOVERNMENT BONDS Aug 14 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.14 5-Year N*****0S 2.000 01-Jul-20 99.85 10-Year NX*****Z 2.375 01-Jun-25 98.16 98.25 98.25 15-Year NY*****E 2.875 01-Jul-29 100.02 20-Year NZ*****V 3.375 01-Sep-33 106.06 106.20 106.20 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        246 9 Aug-14 Price Net change change Last Trade Agricultural Aug-14 CBOT Soybeans (US cents/bu) 978.50 -14.50 -1.46% 14/08/2015 CBOT Soybean Oil (US cents/lb) 28.78 -0.13 -0.45% 14/08/2015 CBOT Wheat (US cents/bu) 506.50 3.25 0.65% 14/09/2015 Aug-14 LIFFE Cocoa (£/tonne) 2020.00 -4.00 -0.20% 15/09/2015 LIFFE Coffee (US$/tonne) 1713.00 9.00 0.53%
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    • Article
      Lock icon Beat downturn with homework, fundamentals
      489 10  -  Investors told they’re often too cautious and miss out on firms with good growth prospects during uncertainty By Ong Hui Qun ohuiqun@sph.com.sg Singapore IN an environment of slow economic growth, investors often miss out on companies with strong fundamentals as they become too cautious, said
      489 words
    • Article
      Lock icon PRIME LENDING RATES
      271 10 AUg 14 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bank of East Asia 6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Bank of Singapore BNP Paribas
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    • Article
      Lock icon Innovate to stay ahead of the curve: top executives
      501 10  -  By Ong Hui Qun ohuiqun@sph.com.sg Singapore WITH SG50 celebrations tapering off, attention is now directed to how Singapore will do in the next 50 years, and top executives could shed some light at the Asia Pacific CEO Congress this week. They
      501 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1841 10 Payment Ex Rec Pay Ann (cts) date date date date Aims Amp Cap Ind Reit do 2.540 04-Aug 06-Aug 23-Sep 29-Jul Aims Amp Cap Ind Reit bi 0.075 04-Aug 06-Aug 23-Sep 29-Jul Aims Amp Cap Ind Reit (1 Apr-30 Jun 2015) dp 0.135 04-Aug 06-Aug 23-Sep 29-Jul AIMS
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1314 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 10.58 0.96 0.66 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 12.39 1.68 1.45 ARA Asset Mgt 1.50 1 0.09 18.49
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      Lock icon Page 6 Advertisements Column 1
      123 6 X N /y human *2' 'capital V', v'C leadership x institute ASEAN IMMERSION LEADERS PROGRAMMME TWO COUNTRIES ONE IMMERSIVE EXPERIENCE 26-30 October 2015 Singapore I Jakarta CAPTURE THE POTENTIAL OF ASEAN TODAY Is your business positioned to tap on ASEAN’s integration opportunities? How can you Leverage on Singapore as a
      123 words
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      Lock icon Page 7 Advertisements Column 1
      54 7 The inspiring spectacle of Bagan begins at seat 1A No other airline knowsMyanmar like we do. We don’t just connect the country, we’re part of the culture.The moment you step aboardyou’ve already arrived. MyanmarNationalAirlinesSG Book at flymna.com, call us on 6238 8603 or visit your local travel agent ourney of
      54 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      160 9 Enjoy zero-commission trading and tight spreads*. Trade Forex with Phillip Futures 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 *Terms and conditions apply. This advertisement is for general information only and does not constitute a recommendation, offer or solicitation to buy or sell any
      160 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Water park sparks controversy in parched California
      1188 11 Dublin recreational complex draws flak amid drought despite the project being conceived more than a decade ago NYT Dublin, California ON a typical hard-hat tour of a major municipal construction project, city officials extol the venture’s expansiveness and rave about how many citizens
      NYT; PHOTO: NYT  -  1,188 words
    • Article, Illustration
      Lock icon Efforts to preserve artist Henry Varnum Poor’s house stall
      1220 11 NYT Clarkstown, New York THE rambling stone cottage here where the artist Henry Varnum Poor created his ceramics and his paintings and other artworks now held at major museums around the country is called Crow House, perhaps because that may have
      NYT; PHOTO: NYT  -  1,220 words
    • Article
      Lock icon Brazil homebuilder MRV reports 32% profit rise
      312 11 REUTERS Sao Paulo MRV Engenharia e Participações SA, Brazil’s largest low-income homebuilder, reported a 32.2 per cent increase in second-quarter profit despite an economic slowdown that has hurt its market in some parts of the country. The builder, controlled by billionaire Rubens Menin
      REUTERS  -  312 words
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      Lock icon Page 11 Advertisements Column 1
      31 11 PAYA UBI INDUSTRIAL PARK $1.50psf $350psf ONWARDS LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11
      31 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon THE NEXT 50 YEARS
      3768 12 THIS WEEK’S TOPIC: What should be the main issues of focus in the 2015 National Day Rally on Aug 23? Tan Tiong Cheng Executive chairman Knight Frank Pte Ltd OUR Golden Jubilee national celebrations ended on a high and Singaporeans are now yearning for a brighter
      FILE PHOTO  -  3,768 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Evaluating China after the crash
      1636 14  -  There is little panic as jobs continue to be created, although the credibility of policymakers has been undermined.BY undermined.BY DAVID LUBIN, JOHANNA CHUA, MINGGAO SHEN The writers are from Citi. Mr Lubin is the head of emerging market economics, Ms Chua is chief Asia economist,
      PHOTO: AFP  -  1,636 words
    • Article, Illustration
      Lock icon A summer holiday book list
      950 14  -  By Neil Dwane The writer is Europe chief investment officer, equity, at Allianz Global Investors. He graduated from Durham university with a degree in classics and classical languages, literatures and linguistics. This article is an excerpt from a July note. EUROPE is on holiday and
      PHOTO: AFP  -  950 words
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      113 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • BANKING & FINANCE
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      Lock icon Bond strategists pressed to earn their keep
      678 15 They aren’t spared as investment houses worldwide strive to monetise research WP New York THE grand gurus of bonds can kiss the sweet life goodbye. Fixed-income strategists, those big-thinkers of global bond markets, are under growing pressure to do something they’ve never really
      WP; PHOTO: REUTERS  -  678 words
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      Lock icon Arab Bank settles lawsuit accusing it of supporting terrorism
      654 15 NYT New York THREE days before a first-of-its-kind damages trial was supposed to start, a Middle Eastern bank has reached a settlement with hundreds of American plaintiffs, including victims of terrorist attacks around Israel, who had filed a lawsuit against the
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      312 15 World Amateur Golfers Championship 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 Singapore’s No 1 championship course. Our Singapore team finished second in
      312 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Sale of last commodity asset ends 35-year chapter for Goldman
      546 16 Disposal of Columbian coal mine is latest sign of US banks’ response to poor returns, pressure from regulators BLOOMBERG London GOLDMAN Sachs Group Inc closed a nearly 35-year era of investments in commodity assets such as power plants and refineries
      BLOOMBERG  -  546 words
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      Lock icon Tough times for Russia’s Gazprom as output slumps
      708 16 AFP Moscow FACING a cold shoulder from Europe and increased competition at home, Russia’s Gazprom has struggled to assert dominance on the global energy market, prompting speculation the energy giant could have no choice but to splinter. With the Russian economy slipping
      AFP; PHOTO: REUTERS  -  708 words
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      Lock icon Low oil prices pose threat to Texas fracking bonanza
      1025 16 NYT Karnes City, Texas NO place in Texas produces more oil than Karnes County, but suddenly the roaring economy here is cooling fast, chilled by the plunging price of crude. Workers who migrated from far and wide to find work here,
      NYT; PHOTO: MICHAEL STRAVATO/THE NEW YORK TIMES  -  1,025 words
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      Lock icon Hedge funds boost energy holdings as oil rout brings opportunity
      760 16 BLOOMBERG Boston HEDGE fund managers are betting hundreds of millions of dollars that Cheniere Energy Inc, Pioneer Natural Resources Co and Williams Cos will be among the energy companies that survive the worst oil rout in decades. Seth Klarman of
      BLOOMBERG  -  760 words
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  • TECHNOLOGY
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      226 17 NUS National University of Singapore Designed delivered by: Institute of Systems Science School of Computing MASTER OF TECHNOLOGY IN IT LEADERSHIP Lead digital transformation Run a high-performing IT organisation FIRST INTAKE STARTING IN JANUARY 2016 iss.nus.edu.sg/MTechITL V AGILE CONFIDENT LEADERSHIP A professional Master's degree programme to prepare, develop and nurture
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  • TECHNOLOGY
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      Lock icon Gaming fans resurrect 80’s hit ZX Spectrum
      692 18 It all kicked off with a crowdfunding campaign backed by console’s inventor AFP Nottingham A GAMING console that was the forerunner of today’s PlayStation and Xbox has been brought back to life more than 30 years later after an online fundraising campaign by
      AFP; PHOTO: AFP  -  692 words
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      Lock icon Amazon’s bruising, thrilling workplace works for some but wears out many others
      1325 18 NYT Seattle ON Monday mornings, fresh recruits line up for an orientation intended to catapult them into Amazon’s singular way of working. They are told to forget the “poor habits” they learned at previous jobs, one employee recalled.
      NYT; PHOTO: REUTERS  -  1,325 words
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      563 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TOWER VENTURE SHIPPING PTE LTD (In Members’ Voluntary Liquidation) Registration No.: *****0756K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
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      307 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF MARINE LAND ENGINEERING CO. PTE. LTD. (In Members’ Voluntary Liquidation) Registration No.: *****0517W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
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      470 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WESAN AGENCIES AND SERVICES PTE. LTD. (In Members’ Voluntary Liquidation) Registration No.: *****0319E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
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  • CONSUMER
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      Lock icon Luxury goods become bargains in Brazil as real plunges
      594 19 Many brands don’t adjust prices often, tolerate narrower margins to partially offset high import levies and sales taxes BLOOMBERG Sao Paolo CARTIER and Louis Vuitton, those global symbols of opulence, suddenly look like bargains in one of the world’s economic trouble
      BLOOMBERG; PHOTO: BLOOMBERG  -  594 words
    • Article
      Lock icon Accidental spectacles find niche among the colour-blind
      686 19 NVT New York THE eyeglass lenses that Don McPherson invented were meant for surgeons. But through serendipity, he found an entirely different use for them: as a possible treatment for colour blindness. Mr McPherson is a glass scientist and an avid Ultimate Frisbee
      NVT  -  686 words
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      Lock icon Starbucks sets its own course in pricing
      977 19  -  By Jeff Sommer NYT New York STARBUCKS isn’t the place to go for cheap coffee. It is selling an experience, not a commodity. That approach has been immensely successful, drawing in millions of customers and propelling Starbucks stock to stellar returns. But the
      NYT; PHOTO: BLOOMBERG  -  977 words
    • Article
      Lock icon Drug-related offences, overdoses surge in US from ‘fake weed’
      670 19 AFP Washington IT goes by many names K2, Spice, Bizarro, Scooby Snax, Kryp2nite and Stoopid, to name but a few and it’s setting off alarm bells across the United States. Synthetic marijuana is being cited by police and public health officials
      AFP  -  670 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Yuan could go ‘either way’ if central bank moves in future, says PBOC
      644 20 Market-oriented pricing will help prevent excessive swings; China not eyeing a currency war BLOOMBERG REUTERS Shanghai THE yuan will probably move in both directions in the future following last week’s devaluation as the economy stabilises, according to
      BLOOMBERG; REUTERS; PHOTO: BLOOMBERG  -  644 words
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      Lock icon Chinese companies face culture shock in foreign markets
      1333 20 WP Phnom Penh FACED with slower growth at home and rising labour costs, Chinese entrepreneurs are seeking foreign markets as never before. But as they rush abroad, they are grappling for the first time with unruly trade unions, independent courts and meddlesome
      WP  -  1,333 words
    • Article
      Lock icon Ringgit volatility tests bond investors’ faith in M’sia
      577 21 Foreign fund managers have remained heavily invested despite months of economic and political uncertainty REUTERS Singapore FOREIGN investors in Malaysia’s bond markets have stayed put through months of economic and political uncertainty, but a sudden spurt in currency volatility appears to be
      REUTERS  -  577 words
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      Lock icon Nepal’s ‘ghost schools’ hide large-scale corruption
      864 21 AFP Kathmandu THEY started appearing across Nepal’s poorest districts several years ago partially built schools meant for local children and funded with public money. The schools never opened. But many continued to receive funding from the government and possibly overseas donors in a long-running
      AFP; PHOTO: AFP  -  864 words
    • Article
      Lock icon ‘Name and shame’ global firms avoiding Australian taxes
      391 21 Panel wants disclosure of MNCs’ tax avoidance deals with Aussie authorities above a certain level AFP Sydney MULTINATIONAL companies shifting profits offshore to avoiding paying Australian taxes should be “named and shamed”, the chairman of an Australian parliamentary inquiry into the practices
      AFP  -  391 words
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      Lock icon IMF, the missing piece in Greek debt deal
      1762 22 Fund wants Europe to provide debt relief in order for it to give cash towards next Greek bailout NYT New York AT long last, European creditor nations and Greece have reached an agreement on a third bailout in five years. The bailout,
      NYT; PHOTO: REUTERS  -  1,762 words
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      62 20 k 'A i m '~i .K r imi-i I JP f" AUGUST ISSUE OUT NOW r l0 oc'° MS M 0 0 -?H S 0 ZbBz offers an effective bilingual marketing platform that targets the affluent audience. For advertisement bookings or enquiries.please contact: Sherlyn Soh at sohymsesph.com.sg Kevin Tan at
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  • Page 21 Advertisements
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      28 21 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      191 21 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the Matter of ROYALE EQUITY PTE. LTD. (Co. Reg. No.: *****2232D) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
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  • Page 22 Advertisements
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      185 22 Over 8 content-packed hours, you will discover: How to make your money work smarter and harder without looking at charts and news, and without the need to trade Learn the methods to generate 20%-25% returns per annum from your investments with proven results Pick up tips on how to apply
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      10 22 Q www.omy.sg 7f+^? j HITMAN SCAN WATCH NOW more (fflshowbiz.omy.sg
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      21 22 The Go-To Guide For Expats In Singapore Get the August issue NOW! You can download the FREE digital edition at www.magzter.com
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  • TRANSPORT
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      Lock icon Tianjin death toll rising with scores of firefighters missing
      615 23 Officials acknowledge toxins present but say they pose no risk to people outside the evacuation zone REUTERS Tianjin, China THE death toll from massive explosions in China’s port of Tianjin has risen to 112 and 95 people, most of them fire
      REUTERS; PHOTO: REUTERS  -  615 words
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      Lock icon Pebble Beach Concours culminates car-mania week
      490 23 REUTERS Monterey, California WHEN it began 65 years ago, the Pebble Beach Concours d’Elegance was just a one-day affair. Car enthusiasts raced around Pebble Beach’s famed 17-Mile Drive and hung around afterwards to admire each other’s hardware. Now the day has become a week.
      REUTERS; PHOTO: BLOOMBERG  -  490 words
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      Lock icon System glitch causes ‘flypocalypse’ at Washington, New York airports
      1039 23 WP Washington A MAJOR malfunction in the system that routes planes through 160,000 square miles of airspace centred over Washington caused airlines to delay or cancel hundreds of flights nationwide on Saturday, and some frustrated passengers won’t reach their destinations until
      WP; PHOTO: AFP  -  1,039 words
    • Article
      Lock icon Indonesia aircraft with 54 people crashes in Papua province
      538 23 REUTERS Jayapura AN AIRCRAFT with 54 people on board crashed in Indonesia’s remote and mountainous region of Papua on Sunday, a government official said, the latest in a string of aviation disasters in the South-east Asian nation. “The latest information is
      REUTERS  -  538 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1941 24 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 18/8 21/8 24/8 26/8 BRIGHT CORAL 6 60 24/8
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      107 24 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via spn Shiaritime.coM Ahoy there! If you are in a business pertaining to any sector
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  • DINING OUT
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      Lock icon European fare that appeals to the local palate
      999 25  -  By embracing his inner fine dining chef, the new Disgruntled Chef packs a culinary punch. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT The Disgruntled Chef The Club 28 Ann Siang Road Tel: 6808 2184 Open for lunch and dinner Mon to Sat:
      999 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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  • LIFE & CULTURE
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      Lock icon Elizabeth will become Britain’s longest-reigning monarch on Sept 9
      1117 26 She will beat great-great-grandmother Queen Victoria’s more than 63 years REUTERS London QUEEN Elizabeth, who rallied support for the monarchy despite presiding over what was once known as the world’s most famous dysfunctional family, next month becomes Britain’s longest-reigning monarch. She
      REUTERS; PHOTO: REUTERS  -  1,117 words
    • Article
      Lock icon Star Wars theme parks joining world of Disney
      510 26 AFP Anaheim R2-D2 will be rolling into Mickey Mouse’s neighbourhood, Disney announced on Saturday, unveiling plans for two huge Star Wars theme parks adjacent to existing US venues in Florida and California. With star Harrison Ford on hand, Disney CEO Bob Iger
      AFP  -  510 words
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      Lock icon Hollywood using bigger screens to tell sophisticated stories
      1116 26 NYT Los Angeles IN the literal sense, it is going to be a spectacular film season. Though top Oscars have gone lately to tightly spun dramas such as Birdman and 12 Years a Slave, Hollywood’s major studios are preparing to flood festival
      NYT; PHOTO: UNITED INTERNATIONAL PICTURES  -  1,116 words
  • Page 26 Miscellaneous
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      Lock icon Page 26 Miscellaneous Column 1
      304 26 CRYPTIC CROSSWORD Across 1 Munch, eating a small nut (6) 4 Charlie, poorer swallowing start of soft soap (8) 9 Native American swiftly catches horse’s head (6) 10 Hymn about America facing American abomination (8) 11 Fan with no time for act (8) 13 Reportedly longs for wife (6) 15
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