The Business Times, 18 August 2015

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Microfilm: NL33587
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    31 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 Tuesday, August 18,2015
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  • DAILY DIGEST
    • Article, Illustration
      Lock icon There is a "sound system" of checks and balances
      52 1 in place in Singapore’s public sector to ensure that public funds are fully accounted for, and this is why the country’s public sector is regarded as one of the most reputable administrations in the world, Deputy Prime Minister Tharman Shanmugaratnam said.
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    • Article
      Lock icon The ringgit has tanked
      34 1 by about 30 per cent since the end of August last year. But the currency would not have fallen so much except for “unresolved politics”, says one analyst.TOP STORIES 5
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    • Article
      Lock icon Singapore blue chips
      55 1 are catching some rays of light as some of the dust settles a week after China’s devaluation of the yuan. The Straits Times Index offers one of the most attractive dividend yields and historical returns among key regional and global index stocks, Singapore Exchange market strategist Geoff
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    • Article
      Lock icon SlA's India-based joint venture
      18 1 vistara is throwing in a free ticket with every business class seat bought.COMPANIES MARKETS/10
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    • Article
      Lock icon Australia's corporate bond market
      33 1 is poised for a big boost as US tech giant Apple prepares its first Kangaroo bond, the name given to bonds from foreign issuers in the Australian market.BANKING FINANCE/13
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    • Article
      Lock icon China has begun importing ethanol
      28 1 in volumes big enough to stir hopes that it might herald the opening of a major, until now barely accessible, market.ENERGY COMMODITIES/ 14
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    • Article
      Lock icon Forget the "Fragile Five".
      33 1 These days, strategists at Morgan Stanley are worried about what could be called the “Troubled 10” nations they say are particularly at risk since China devalued the yuan.GOVT ECONOMY/18
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  • Article
    Lock icon MARKETS
    28 1 Monday Change STI 3,067.35 -46.90 KL COMP 1,572.54 -24.28 NIKKEI 225 20,620.26 +100.81 HANG SENG 23,814.65 -176.38 SHENZHEN B 1,242.02 -2.02 DOW (11:45 am EDT) 17,509.17 +31.77
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  • Article
    Lock icon After July surge, new private home sales expected to fizzle out in August
    982 1  -  Total of 1,594 units sold is highest monthly figure in about 2 years but is largely due to one project, High Park Residences By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore DEVELOPERS’ private home sales (excluding executive condominiums) in
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  • Article, Illustration
    Lock icon Trade blues in July signal shaky start to second half
    677 1  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE economy got off to a rocky start in the third quarter as July export figures came in worse than expected on a slide in non-electronics shipments. This reversed June’s surprise rebound and solidified
    Source: IE Singapore  -  677 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      207 1 8 "*****1 *****4 GENERAL ELECTION It’s a 50-50 chance of keeping Potong Pasir: Sitoh TOP STORIES 4 TUDOR WATCH YOUR STYLE TUDOR FASTRIDER Self-winding mechanical movement, waterproof to 150 m, 42 mm steel case, ceramic bezel. Visittudorwatch.com and explore more. Exclusively available at: Tudor Boutique Swiss Watch Gallery: B1-88/89 The
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      21 1 CROSS-BORDER INVESTMENT S’pore top source in Asia-Pac REAL ESTATE 11 NOBLE GROUP Commodities trader defends its balance sheet COMPANIES MARKESTS 6
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    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      9 1 FUNDING SOCIETIES First crowdfunder to partner with trustee SME/24
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  • TOP STORIES
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      701 2 1 6AQU "j5S—tr/^ Slimmer, Happier Healthier tS u J Bjorn Zoega Bjornsson suffered from substantial pain in one of his knees due to osteoarthritis (OA). It was difficult for him to walk longer distances and his health had deteriorated. Almost a year ago he started using the Unloader One® knee
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      31 2 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      30 4 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. Own cars? To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      150 5 SMALLER SPACES ©ASIA SQUARE HI I I Q Alt t t I: V ‘v*t■v SMALLER OFFICE SPACES NOW AVAILABLE AT ASIA SQUARE. 650 to 13,000 sq ft of unlimited potential. Expect more for your business at Asia Square. With two floors of pre-fitted office space now available, you will be
      150 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Balance sheet our top priority: Noble
      794 6  -  Commodities group explains business model, addresses accounting criticisms; reaffirms balance sheet quality NOBLE INVESTOR DAY By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EMBATTLED Noble Group is ruling out no option to preserve the strength of its balance sheet, even if it means selling businesses that
      Source: Noble Group  -  794 words
    • Article
      Lock icon PwC to return to Noble by year-end to review implementation progress
      516 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group will be taking on board all of PricewaterhouseCooper’s (PwC) recommendations to improve its mark-to-market valuation processes, and will engage the auditor again by the end of the year to review its
      516 words
    • Article, Illustration
      Lock icon S’pore blue chips beckon in yuan-shock aftermath
      693 7  -  STI looks attractive in terms of dividends at least following correction in the wake of yuan devaluation By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE blue chips are catching some rays of light as some of the dust settles a week after China’s devaluation
      Source: Bloomberg  -  693 words
    • Article
      Lock icon Park Hotel Group makes foray into Australia
      292 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore THE Park Hotel Group has added its first hotel management contract outside Asia to its portfolio, a deal with Pirie Investments (AUS) to manage the 250-room Park Hotel Adelaide, as it continues to expand into key
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    • Article
      Lock icon SATS, SingPost tie up to boost e-commerce volumes
      322 7  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SATS Ltd has tied up with Singapore Post (SingPost) to provide airmail consignment handling services to the postal carrier from a new automated facility within the Changi Airfreight Centre. SingPost will be the anchor customer at
      322 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index Aug 17,2015 3,067.35 -46.90 (-1.51%) Current streak 1 day Day high 3,116.36 Day low 3,063.89 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,061.49 (Aug 12, 2015) FTSE ST Catalist index Aug 17,2015 594.94 -4.59 (-0.77%) Current streak 2 days Day high 600.19 Day low
      63 words
    • Article, Illustration
      Lock icon Selling resumes after short-covering ends
      635 8  -  ST Index falls 1.5 per cent on the back of market volatility and weakness in Hong Kong stocks STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT MONDAY’S column said there was not much to be optimistic about when it comes to the stock market and that when
      635 words
    • Article
      Lock icon STI STOCKS
      319 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 -4 229/225 271 219 6.5 5693.4 CapitaLand 308 -6 315/308 379 293 11.3 2.9 *****.4 CapitaMall Trust 191.5 -6 197/191.5 228 188.5 5.7 6645.8 CityDev 900 cd -16 913/897 1095 876
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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 17,2015 735.48 -10.60 (-1.42%) Current streak 1 day Day high 746.18 Day low 734.25 52-week high 847.98 (Apr 15, 2015) 52-week low 735.48 (Aug 17, 2015)
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low Lyxor Europe US$ 1438 81.7 4.2 1583/1338 Isetan 455 34.0 8.1 487/420 Petra Foods 324 24.0 8.0 420/130 Hyflux 6% CPS ***** 18.0 0.2 *****/***** IS MS INDIA S$D 1045 13.0 1.3 1116/920 BY PERCENTAGE CLOSE UP 52w high/low New Silkroutes 0.2 100.0
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -845.1 -2.4 *****/***** DBXT E50 US$ 5031 -221.1 -3.0 5310/4562 IS S&P500 US$ ***** -126.8 -0.4 *****/***** DBXT MSEurope US$ 5940 -91.6 -1.1 6300/5366 UOB 1988 -70.0 -3.4 2505/1965 BY PERCENTAGE CLOSE DOWN 52w high/low Ezion MBeCW*****2 0.1 -83.3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Asian Micro 40,518.3 0.021 +0.009 +75.00 Eucon 2,777.8 0.020 +0.007 +53.85 Mencast 789.3 0.220 +0.022 +11.11 Libra 2,383.6 0.156 -0.023 -12.85 Great Group 61,202.2 0.034 -0.001 -2.86 Luxking 300.0 0.032 +0.009 +39.13 Smartflex 266.0 0.189 +0.019 +11.18 AVJennings A$ 47.1 0.635 +0.035 +5.83 Mercator Lines
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    • BROKERS’ TAKE
      • Article
        Lock icon Ezion Holdings
        180 8 Add Aug 17 close: S$0.66 Target price: S$1.30 CIMB Research, Aug 16 Ezion has built up rapidly over the past two to three years, amassing an asset base of over US$2 billion. However, this came at the cost of its foundations, which may not be deep enough. We
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      • Article
        Lock icon OUE
        195 8  -  Compiled by Kenneth Lim Hold Aug 17 Close: S$1.85 Target price: S$1.92 Maybank Kim Eng Research, Aug 17 Q2 FY15 net loss of S$16.3 million was due mainly to fair value losses of S$20.5 million in mutual funds...We tweak our revalued net asset value (RNAV) estimates down to S$3.85
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 78,209,500 Great Group 61,202,200 StratechGroup 49,773,100 Asian Micro 40,518,300 IHC 38,652,000 Market volume 1,432,777,000 VALUE DBS Grp 135,476,393 Singtel 80,793,598 UOB 71,505,966 OCBC Bank 58,273,821 Noble 36,307,447 Market value 1,061,764,000
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    • Article
      Lock icon SGX ETFs Most Active
      114 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 312 -3 666 315/312 355/312 311/312 Lyxor Asia US$ US456 -11 161 460/456 557/456 457/460 66.6 IS MS INDIA US$ US742 -1 153 745/737 1000/696 739/743 92.8 Nikko AM STI ETF 315 -3 37
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 17 VALUE CLOSE BT OB/OS -1107.00 -95.00 BT CADI -*****.00 -218.00 BT 10-day MA -*****.00 -111.00 FTSE ST Mid Cap 703.31 -8.07 FTSE ST Small Cap 430.02 -4.61 FTSE ST All Share 735.48 -10.60 FTSE ST China Top 181.32 -1.26 FTSE ST China 221.60 -1.39 FTSE
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index Aug 14,2015 1,840.94 -4.64 (-0.25%) Current streak 1 day Day high 1,851.97 Day low 1,840.39 52-week high 1,949.49 (May 15, 2015) 52-week low 1,697.01 (Jan 7, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 9 2 0 0 0 1 9 2 Manufacturing 22 80 19 6 14 10 28 94 29 Commerce 11 29 12 5 4 6 16 33 18 Tpt/Stor/Comms 5 25 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,977 19,977 61,519 61,519 Manufacturing 230,255 106,502 336,757 73,194 2,664 75,858 Commerce 114,201 75,541 189,742 70,799 2,071 72,871 Tpt/Stor/Comms 114,065 2,536 116,601 150,775 221 150,996 Finance 33,543 14 33,557 296,935 2 296,937 Construction 30,308 15,404
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    • Article
      Lock icon Dollar strengthens as markets shake off yuan scare
      439 9 CURRENCIES REUTERS London THE dollar rose against a basket of currencies for a third trading day running on Monday, as worries about a China-led “currency war” abated and traders focused instead on the prospect of higher US interest rates. The dollar index
      REUTERS  -  439 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.967 4.705 0.664 5.706 48.058 101.455 0.916 8.708 3.018 1.124 75.002 34.092 1.037 9.470 0.720 23.872 26.027 0.470 0.736 Canada 1.034 4.867
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 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 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0361 1.0374 0.7356 0.7361 Canadian dollar 1.0719 1.0729 0.7613 0.7610 Euro 1.5601 1.5612 1.1076 1.1078 NZ dollar 0.9217 0.9227 0.6544 0.6547 Sterling pound 2.2049 2.2065 1.5654 1.5657
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 17 S$ Bid Offer 1-month 1.4099 1.4110 2-months 1.4111 1.4122 3-months 1.4121 1.4133 6-months 1.4143 1.4155 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        401 9 Aug 17 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug15 *****.00 *****.50 *****.00 *****.50 *****4 *****7 Sep15 *****.00 *****.00 *****.50 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec15 *****.00 *****.00 *****.00 *****.00 448 ***** MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 9 Most active Aug 17 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****1 6.2 -1.4 6775 0.2 1040 4 Rowsley Ltd W*****3 2 -0.3 3916 1 18 14 KepCorp MB eCW*****1 9.8 -0.8 2834 0.2 780
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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 SIBOR
        36 9 Aug 17 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 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 17 $S Offer Bid 0vernight 0.04 0.02 1-month 0.8125 0.6875 2-months 0.875 0.75 3-months 0.9375 0.8125 Overnight mode: 0.03 US$ 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 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.1 102.20 102.08 5-Year N*****0S 2.000 01-Jul-20 99.73 99.77 99.75 10-Year NX*****Z 2.375 01-Jun-25 97.8 97.90 97.90 15-Year NY*****E 2.875 01-Jul-29 99.61 99.70 99.70 20-Year NZ*****V 3.375 01-Sep-33 105.5
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        252 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%
        252 words
    • Article
      Lock icon SIA-linked Vistara dangles free tickets to woo passengers
      692 10  -  Promotion amid tough competition offers one complimentary premium economy class ticket for every business class seat bought By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AMID tough competition, Singapore Airlines’ India-based joint venture Vistara is throwing in a free ticket with the purchase of
      692 words
    • Article
      Lock icon Japfa-Food Union JV to develop China milk-processing plant
      357 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AGRI-FOOD group Japfa Ltd and Eu-rope-based dairy and milk processing company Food Union Group have tied up to build, own and operate a US$200 million premium milkprocessing plant in Shandong Province, China. The joint venture (JV)
      357 words
    • Article
      Lock icon Lum Chang acquires UK commercial property
      202 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore LUM Chang on Monday said it has signed a deal with UKI (Wembley) Limited to buy Kelaty House, a freehold commercial property in Wembley, north-west London, for £25.5 million (S$55.6 million). The property is located within the Wembley
      202 words
    • Article
      Lock icon Lizhong Wheel’s major owner launches voluntary cash offer
      354 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE major shareholder of Lizhong Wheel Group has launched a voluntary cash offer for the aluminium alloy wheel maker for 50 Singapore cents apiece. The offer was made by Berkley International, an investment holding firm owned
      354 words
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      Lock icon Page 6 Advertisements Column 1
      118 6 J2wp~- m fr SUL •IV m SSSS SVtAxS; i<g :\>§sssssS^'^y •OdYSS e Y The Global Preschool Researcher MAX, AGE 6 Max is different. He sees every challenge as a window of opportunity, and the unfamiliar an invitation to be unravelled. We love that. A child's inquisitive spirit needs to be
      118 words
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      127 7 THE HEAD SAYS YES THE HE A RT SAYS DEFINITELY, YES. w. JA MASERATI GHIBLI. STARTING FROM $320,000 THE ALL NEW MASERATI GHIBLI IS POWERED BY A RANGE OF ADVANCED 3.0 LITRE V6 ENGINES WITH 8-SPEED ZF AUTO, INCLUDING A V6 TURBO-DIESEL COME TEST DRIVE THE ULTIMATE SPORTS SEDAN TODAY.
      127 words
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      33 8 Brokers who wish to send in their reports can email us at btnews@sph. com.sg Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
      33 words
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      313 10 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
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  • REAL ESTATE
    • Article, Illustration
      Lock icon S’pore top Asia-Pac commercial property buyer: DTZ
      468 11  -  Stable Singapore dollar helped to lower investment costs By Ong Hui Qun ohuiqun@sph.com.sg Singapore SINGAPORE is the top source of capital for cross-border investment in commercial property in the Asia-Pacif-ic, according to a press release by global real estate services company DTZ. It
      Source: DTZ Research, Real Capital Analytics; PHOTO: ASCOTT RESIDENCE TRUST  -  468 words
    • Article
      Lock icon Colliers International has new occupier services team
      382 11  -  By Caithlin Ng caithng@sph.com.sg Singapore US-BASED global commercial real estate services firm Colliers International Group Inc has announced the expansion of its occupier services in Asia with a series of appointments and promotions made to develop its regional service offer to Colliers’ corporate
      382 words
    • Article
      Lock icon Beijing steps up property curbs in red-hot areas
      237 11 REUTERS Beijing BEIJING is stepping up curbs on property market speculation after prices surged in one area of the capital, raising concerns some bigger cities may also tighten home purchase rules. China’s year-long slump in the housing market has dragged on the
      REUTERS  -  237 words
    • Article, Illustration
      Lock icon Tech entry amplifies rich-poor gap in troubled area
      1197 12 San Francisco Mid-Market neighbourhood’s long-time residents are learning that new-found wealth for some does not mean prosperity or even livability for everyone NYT San Francisco LAST spring, Carlo Gascon’s organisation took a chance on this city’s extraordinary technology boom, paying US$1.4 million
      NYT; PHOTOS: NYT  -  1,197 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      307 11 FREEHOLD “BUSINESS 1-WHITE” SITE AT HARPER ROAD, NEARTAI SENG MRT mill CUSH MAN WAKEFIELD Estate Agents Licence No: L*****33E 1 min walk toTai Seng MRT station (Circle Line) Land Area 2,219.7 sqm (23,893 sqft approx.) Plot Ratio 3.5 (2.5 “Business 1" 1.0 “White”) Potential GFA of approx. 83,600 sqft, including
      307 words
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      Lock icon Page 11 Advertisements Column 2
      244 11 ESTATE SALE W* Knight LAND AT EAST COAST AVENUE *4 Frank East Coast Road I Marine Terrace (u/o I Wl SUBJECT PROPERTY Siglap (u/o rm B Is] Marine Parade Road TAG NAN SCHOOL (U/C) VICTORIA JUNIOR COLLEGE Eas Coast Parkway coast EAST PARK TENDER CLOSING ON 16 SEP 2015 (WED)
      244 words
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      69 12 Sometimes you need to pay to have a view of the world. But that's not how we see it. 4 ■v* 1 f .i H -i 1* •■FREE aseone» VISITTHE BRAND NEWASIAONE.COM AsiaOne is a free-access website that curates important and interesting news and lifestyle features from a wide range
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  • BANKING & FINANCE
    • Article
      Lock icon Apple to test Australian corporate bond record
      624 13 Market participants are predicting another big deal of up to A$1 billion Sydney AUSTRALIA’S corporate bond market is poised for a big boost as US tech giant Apple prepares its first Kangaroo bond. The world’s largest company by market value has made a
      624 words
    • Article, Illustration
      Lock icon Yuan depreciation, US rate hike seen hurting appeal of HK stocks
      626 13 BLOOMBERG Hong Kong HONG KONG investors who sought shelter from China’s rout in local shares say the clock is running out on that trade. While a gauge of Hong Kong stocks has fallen since the end of April, the
      BLOOMBERG; PHOTO: AFP  -  626 words
    • Article, Illustration
      Lock icon Mexican tycoon swept up in Citi probe
      683 13 BLOOMBERG Washington THE US Justice Department is looking into Citigroup Inc’s dealings with companies linked to Mexican billionaire Carlos Hank Rhon as part of an expanding investigation into the bank’s money laundering controls. In a subpoena issued earlier this year, US officials asked
      BLOOMBERG; PHOTO: BLOOMBERG  -  683 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon China imports huge volumes of ethanol
      612 14 Traders speculate that the spike could signal Beijing’s intentions to ease restrictions on its biofuels market REUTERS New York RECENT news from China makes depressing reading for commodities producers, with a slowing economy, tumbling stock prices and a currency devaluation all signalling weaker demand.
      REUTERS  -  612 words
    • Article
      Lock icon US benchmark crude prices may rise above Brent, analysts warn
      860 14 REUTERS New York LAST week’s US decision to further ease a longstanding ban on most oil exports arrived just as the economic window for selling more domestic crude abroad is, at least for the moment, shutting. After years of relentless
      REUTERS  -  860 words
    • Article
      Lock icon Vietnam suffering from reliance on coal
      705 14 BLOOMBERG Ho Chi Minh City COAL miner Pham Van Tuyen and his family narrowly escaped through a window as floodwaters and slurry inundated their home in north-eastern Vietnam last month. After surviving Quang Ninh province’s worst torrential rains in four decades, the Tuyens still
      BLOOMBERG  -  705 words
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      1712 14 NOTICES SAPPHIRE CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2465W) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meanings as used in the circular dated 18 August 2015 issued by the Company (the
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  • CONSUMER
    • Article
      Lock icon India, EU working to end row over generic drugs
      694 16 New Delhi is said to have cancelled an Aug 28 meeting to discuss restarting talks on stalled free trade accord REUTERS New Delhi INDIA and the European Union are taking steps to end a trade row sparked by an EU ban
      REUTERS  -  694 words
    • Article
      Lock icon Growing number of US states ban powdered alcohol
      575 16 This is even before the product is available in stores WP Washington POWDERED alcohol isn’t available on the open market yet, but nearly two dozen US states have already acted to ban it either temporarily or outright. New York on Friday became
      WP  -  575 words
    • Article, Illustration
      Lock icon Younger son of founder strengthens his hold on Lotte Group
      331 16 REUTERS Seoul THE younger son of the Lotte Group’s founding family has strengthened his hold on the South Korean conglomerate amid a bitter succession feud with his elder brother, winning the backing of shareholders at a key Tokyobased holding company.
      REUTERS; PHOTO: REUTERS  -  331 words
    • Article
      Lock icon Bond investors wary of Crown’s swelling debt, falling profits
      688 16 Yield premium over swap rate on Crown Resorts’ Nov 2019 bonds rose as much as 179 basis points in Aug BLOOMBERG Sydney AUSTRALIAN billionaire James Packer’s casino empire borrowings are rising too fast for some bond investors’ comfort. With Crown Resorts
      BLOOMBERG  -  688 words
  • Page 16 Advertisements
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      47 16 HOT PROPERTY 100M TO TAI Seng MRT. Corp. image.nett $1.60psf,9k/18k sf Amenities 20/40 ft container loading. Bare/furn. 3-STY CORNER WAREHOUSE/ Factory Ubi Ave 4 immed lease. Approx 777 96 sqm. Call owner FACTORY FOR RENT Check out these properties and more in The Straits Times Classified now!
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      25 16 *1 y www.omy.sg WIN exclusive movie premiums! HITMAN: AGENT 47 HITMAN b e n m 7 Jl bMOSOI 0M01M7 r> S3&.S SCAN JOIN more @showbiz.omy.sg
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      26 16 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • TRANSPORT
    • Article
      Lock icon Huge clean-up after Tianjin blasts trigger cyanide fears
      671 17 Around 700 tonnes of sodium cyanide stored at warehouse where blasts took place: city’s vice-mayor Tianjin, China RESCUE personnel battled to clean up hundreds of tonnes of cyanide at the site of huge explosions in northern China on Monday, as state-run media
      671 words
    • Article
      Lock icon MPA taps tech to manage traffic, safety
      428 17  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE local port regulator has inked a two-year partnership with tech firm IBM to develop and test new data analytics technologies that can help the port here, one of the busiest in the world, deal with increasingly
      428 words
    • Article
      Lock icon Indonesian rescuers rush to plane crash site
      329 17 AFP Jayapura, Indonesia RESCUERS raced on Monday to reach debris in remote eastern Indonesian mountains believed to be from a plane that crashed carrying 54 people and cash worth more than six billion rupiah. The plane operated by Indonesian carrier Trigana Air lost
      AFP  -  329 words
    • Article, Illustration
      Lock icon Toyota output down on Tianjin blasts
      588 17 BLOOMBERG AFP Tokyo TOYOTA Motor Corp will lose its biggest source of car production within China for at least three days, as carmakers struggle to assess the damage of last week’s explosions in the port city of Tianjin. The area’s evacuation will prevent Tianjin
      BLOOMBERG; AFP; PHOTO: REUTERS  -  588 words
    • Article
      Lock icon Eastern US air traffic system fails, but backups kick in
      530 17 BLOOMBERG Washington IF there was good news from the air traffic computer system failure that forced thousands of flights in the eastern US to be scrubbed or delayed last Saturday, it was that it never threatened to become a catastrophe.
      BLOOMBERG  -  530 words
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      730 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BELDEN ELECTRONICS (S) PTE LTD Company Registration No. *****6483C (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 8 Burn Road, #07-15/16 Trivex, Singapore *****7 on 12 August 2015 the following
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  • OPINION
    • Article
      Lock icon Beware tighter rules and pitfalls of buying real estate in Australia
      593 20 AUSTRALIA’S recent crackdown on foreign investments in real estate should send a cautionary message to Singaporeans. EDITORIAL Last week, the Australian Treasurer, Joe Hockey, announced the forced sale of six properties after it was revealed that the owners had
      593 words
    • Article, Illustration
      Lock icon Yuan move may mean China is wary of economic shift
      781 20  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington TO understand China’s surprise currency devaluation, you need context. China is engineering a major economic transformation or, at least, trying. For years, it relied upon export-led growth and
      THE WASHINGTON POST WRITERS GROUP  -  781 words
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      Lock icon Will the yuan make it to the IMF basket?
      1319 20  -  Perceptions and trust are perhaps the true designators of a reserve currency, not macroeconomic fundamentals or economic idealism. BY WILL HICKEY BY WILL HICKEY T The writer is associate professor and capability adviser for the School of Government and Public Policy
      PHOTO: AFP  -  1,319 words
    • Article
      Lock icon Harnessing the potential of Singapore’s people
      1058 21  -  COMMENTARY By Leong Chee Tung T The writer is manager, Singapore and South-east Asia, at Gallup AMID the wave of patriotism stirred by the run-up to the 50th anniversary of Singapore’s independence pithily branded “SG50” is a concurrent wave of reflection on the nation’s
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    • Article
      Lock icon UK’s Labour Party may get a leader it doesn’t want
      763 21  -  By David Mason T The writer, a former auditor, is a business communications consultant in the UK SEVERAL months ago, I wrote a column confidently predicting the outcome of the UK election in May. Problems for the Labour Party in
      763 words
    • Article, Illustration
      Lock icon Iran deal likely to rain on Obama’s summer vacation
      1342 21  -  He will probably be spending time trying to sell Congress the deal which will allow him to leave behind a major, historic legacy By Leon Hadar IT’S that time of the year in Washington when the capital city of the world’s
      PHOTO: REUTERS  -  1,342 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    993 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
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  • Page 22 Advertisements
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      188 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping times Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Spotlight Award Wins Recognition Come publicise
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Non-profit hospice nets S$1m in donations
      327 23  -  Dover Park aims to use funds to care for terminally ill patients By Elizabeth Mak eamak@sph.com.sg Singapore NON-PROFIT organisation Dover Park Hospice raised more than S$1 million at its annual Sunflower Gala Ball, held last Friday at the Shangri-La. The proceeds will go to
      PHOTO: DOVER PARK HOSPICE  -  327 words
    • Article, Illustration
      Lock icon Robots pick up slack as wages go up
      1007 23 WP Washington CROWDED. That’s how Ed Rensi remembers what life was like working at McDonald’s back in 1966. There were about double the number of people working in the store 70 or 80, as opposed to the 30 or 40 today because
      WP; FILE PHOTO  -  1,007 words
    • Article
      Lock icon More Myanmar women drawn to ‘bare knuckle’ fights
      709 23 AFP Yangon MOE PWINT OO shoots the grimy punchbag a steely glare before slamming her fist into it, striking a blow for equality as she practises Myanmar’s homespun martial art Lethwei a sport that encourages head-butting and grants victory by knockout only.
      AFP  -  709 words
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      Lock icon Citibank raises more than S$519,000 for ChildAid
      362 23  -  By Caithlin Ng caithng@sph.com.sg OVER 120 of Citibank’s (Citi) senior managers and partners teed off in an effort to raise donations for charity concert ChildAid at Friday’s Citi Information Technology and Partners Charity Golf event. The Citi-organised event succeeded in raising more than
      FILE PHOTO  -  362 words
  • Page 23 Advertisements
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      28 23 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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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      308 23 CRYPTIC CROSSWORD Across 1 Love very evident in pleasant young monk? (6) 4 Pound made of metal almost entirely, right? (6) 8 Getting stale and falling asleep? (5,3) 10 Arrogant knight enters covered in muck (6) 11 Foul and wicked, beginning to end (4) 12 Rodent running around poet’s sheets
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  • SME
    • Article, Illustration
      Lock icon Funding Societies is first crowdfunder to partner with trustee
      1102 24  -  This is aimed at building trust between borrowers and their investors, it says By Amanda Cheng FUNDING Societies has become the first and only homegrown peer-to-peer lending company to incorporate a trustee registered with the Monetary Authority of Singapore (MAS), which
      PHOTO: SHAWN TEO  -  1,102 words
    • Article, Illustration
      Lock icon Startups should fund themselves instead of using debt: HL Finance
      818 24  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore STARTUPS should revert to basics and look to fund themselves rather than leverage debt instruments, says Hong Leong Finance’s president Ian Macdonald. “The thing about debt is, you have to pay it back and
      PHOTO: SHAWN TEO  -  818 words
    • Article
      Lock icon Malleable mindsets and supervisor support to teach old dogs new tricks
      902 24  -  COMMENTARY By Irene E de Pater T The writer is assistant professor of management and organisation at the National University of Singapore (NUS) Business School THE Ministry of Manpower recently reported that almost half (47 per cent) of Singaporeans
      902 words