The Business Times, 21 August 2015

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Total Pages: 32
1 32 The Business Times
  • 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 Friday, August 21,2015
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  • DAILY DIGEST
    • 17 1 under management grew by 30 per cent year-on-year to S$2.4 trillion in 2014. top stories/4
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    • 23 1 is extending its title sponsorship of the Formula 1 Singapore Grand Prix for two more years till 2017. TOP STORIES/ 5
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    • 29 1 watchdog has snubbed Courts Asia and picked a rival just as the retailer was on the verge of closing the buyout of Courts Mauritius. COMPANIES MARKETS 6
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    • 22 1 on SGX were mauled after a slide in crude prices prompted another bout of pessimism. COMPANIES MARKETS 8
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    • 27 1 are turning into losses in Asia’s biggest Islamic finance markets as confidence in government leaders sours amid a regional sell off. BANKING FINANCE 14
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    • 26 1 are increasingly pinning the blame for wild fluctuations in the price of staples on the policies of President Joko Widodo. ENERGY COMMODITIES 15
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    • 18 1 announced an upgrade to its Twitter Publisher Network, which helps advertisers connect with their audiences.TECHNOLOGY 16
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    • 20 1 has roared back into the black in a stunning turnaround of fortunes driven by aggressive COSt-CUtting. TRANSPORT/18
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    • 25 1 by renowned architect Toyo Ito is aimed at presenting the Japanese people with a lifestyle that coexists with nature. REAL ESTATE 20
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    • 18 1 owned US homes rose in July to the highest since February 2007. GOVT ECONOMY 22
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    • 23 1 is exposing an undefended flank in BOJ’s efforts to jolt its economy out of decades of deflation. GOVT ECONOMY 23
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  • 1044 1  -  STI nears 3,000-point support, oil and gas sector devastated; analysts target STI decline of up to 10% By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SINGAPORE’S stock market is trading at levels not seen in years, with small capitalisation and oil and gas stocks leading the
    Source: Bloomberg  -  1,044 words
  • 548 1  -  By Anthony Rowley btworld@sph.com.sg Tokyo IN a move seen as paving the way for the Chinese yuan to join the elite group of currencies that are spe-cial-reserve asset currencies, the executive board of the International Monetary Fund (IMF) has
    548 words
  • 27 1 Thursday Change STI 3,009.78 -31.47 KL COMP 1,577.41 -5.03 NIKKEI 225 20,033.52 -189.11 HANG SENG 22,757.47 -410.38 SHENZHEN B 1,185.75 -18.55 DOW (11:45am EDT) 17,134.87 -213.86
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  • Page 1 Advertisements
    • 55 1 8 "*****1 *****4 FAILED BID Courts Asia seeks answers from Mauritius COMPANIES MARKETS 6 f x XT''.. MS'..'./ v s k > 8 i V S' J 2/xma6ZeA RORY MCILROY'S CHOICE SS'/ TTsoi’t: 1 O OMEGA AVAILABLE AT: Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City 6338
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    • 41 1 www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION SIFA DANCE MARATHON With 14 choreographers and 21 works LIFESTYLE 32 SINGAPORE ELECTION PAP announces candidates for Jurong GRC top stories 2 LGB CORP Raymond Chia is back, with new outfit in tow REAL ESTATE/19
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    • 22 1 O&M stocks reel as oil prices hit new 6-year lows 8 Analysts cite timing and pricing as Soo Kee makes dismal debut/8
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  • TOP STORIES
    • 633 2  -  It doesn’t take Singaporeans for granted and will enter the GE with strong track record, plans to improve life SINGAPORE GENERAL ELECTION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE ruling People’s Action Party (PAP) never goes into an election
      PHOTO: ONG WEE JIN/THE STRAITS TIMES  -  633 words
    • 459 2  -  Lawyer and cancer specialist are new to GRC team; David Ong to defend Bukit Batok single seat By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ONE is a lawyer by training and has been an active volunteer with various Muslim organisations since
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    • 458 2 THE STRAITS TIMES Singapore THE maximum spending limit will be raised from S$3.50 to S$4 for every elector on the register of electors for the electoral division, said the Elections Department (ELD) on Thursday. Candidates’ photos will also be on ballot
      THE STRAITS TIMES  -  458 words
    • 454 4  -  MAS cites asset inflows due to Asia’s growth dynamism, S’pore’s position as regional asset management hub By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S assets under management (AUM) grew 30 per cent year on year to S$2.4 trillion in 2014, said the
      Source: MAS  -  454 words
    • 579 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur AS investor anxiety over political uncertainties and the tumbling ringgit continued to fuel concerns that Malaysia could opt for capital controls, Prime Minister Najib Razak reiterated his administration’s commitment to free-market policies. Also the finance minister, Mr Najib
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    • 449 4  -  This was due to lower prices of petroleum and chemical products: S’pore Department of Statistics By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE’S domestic wholesale trade contracted by 18.8 per cent in the second quarter of this year from a year ago, due in
      449 words
    • 739 4 Uncertain tone of minutes suggests the Fed is less likely to start raising rates in mid-Sept, say analysts NYT Washington FEDERAL Reserve officials are struggling to get comfortable with the persistent sluggishness of price inflation as they move towards
      NYT  -  739 words
    • 678 5  -  In 2014, Markel bought Abbey Protection, which specialises in legal expenses insurance, tax and consultancy services By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INSURANCE and professional services have traditionally been separate, but United Kingdom-based insurer Markel International is on the way to combining the
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    • 457 5  -  SIA also ties up with race promoter Singapore GP in F1 packages offering perks such as KrisFlyer miles By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) is staying in the driver’s seat as it extends its title
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  • Page 2 Advertisements
    • 296 2 PwC’s Academy 2015 FRS Update Staying relevant Join us to uncover the latest accounting standards, the implementation implications and areas of review under the financial reporting surveillance programme. Be engaged with practical case studies and interactive exercises for a complete learning experience. Workshop details: Date: 22 Sep 2015 Time: 9.00
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    • 109 2 c ''7 SINGAPORE BAGUAZHANG INSTITUTE if “f A disciple of the esteemed Grand Master Sun ZhijunHv*®, Master Li Chunling$#$ has clinched over 30 gold medals from traditional wushu competitions. She has also published 8 DVDS, taught in numerous countries and amassed a following of students from around the world. /Is
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  • Page 4 Advertisements
    • 62 4 MID-AUTUMN TALES. A HANDCRAFTED TRADITION. Elevate your Mid-Autumn celebrations to new heights with 12 handcrafted, premium mooncake creations. Available from 21 August to 27 September 2015. Purchase at the Hotel's Forecourt Stall, call 6831 4708 or visitsingaporemarriott.com/mooncakes SINGAPORE MARRIOTT TANG PLAZA HOTEL 320 Orchard Road, Singapore *****5, T: (65) 6735
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  • Page 5 Advertisements
    • 185 5 m m m\ S MWM g m Ca/wffy D u T? T ISSOS^TS^ INTRODUCING THE NEW 2015 CAMRY THE MARK OF A LEADER. The quality of a leader is reflected in the high standards he sets for himself. Leading the way for the past 34 years and with over 20
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    • 15 5 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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  • COMPANIES & MARKETS
    • 727 6  -  Courts Mauritius went to a third party although we’re the preferred bidder: Courts Asia By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IT HAS been more than two weeks since Sin-gapore-listed Courts Asia found the tables turned on its Mauritian dream after the
      727 words
    • CORPORATE DIGEST
      • 129 6 PACIFIC Andes Resources Development and its subsidiary, China Fishery Group, have been notified by the Monetary Authority of Singapore and white-collar crime buster Commercial Affairs Department that they are investigating an offence under the Securities and Futures Act. in an announcement late on Thursday night,
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      • 135 6 ASPIAL Corporation’s retail bonds has met with strong institutional interest. Aspial Corporation said valid applications for the placement tranche of its retail bonds offering have exceeded S$25 million, representing a subscription rate of about three times, at the close of the placement offer on Aug 19. It originally
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      • 161 6 SINGAPORE Exchange (SGX) is seeking public feedback on the proposed introduction of Affiliate Segregation where collateral of an affiliate of an SGX Derivatives Clearing (SGX-DC) member is protected if the member defaults on its own contracts. The affiliate’s positions may also be transferred to another SGX-DC member. The
        161 words
      • 133 6 CHINESE shipping firm JES International has ceased operations, and retains only a "skeletal staff" to run the group, as part of its process of controlling costs. The group also said on Thursday evening that it has taken steps to replace its missing group paraphernalia, and has successfully obtained
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      • 90 6 A S$1.5 billion multi-currency debt issuance programme has been established for OUE Commercial Reit. Under this programme, OUE CT Treasury a wholly-owned subsidiary of DBS Trustee may from time to time issue notes and/or perpetual securities in series and tranches. These can be issued in Singapore dollars
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    • 707 8  -  Analysts divided on whether sell-down of stocks was overdone MARKET JITTERS By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore OFFSHORE and marine (O&M) stocks listed on the Singapore bourse were mauled on Thursday after a further slide in Brent crude prices prompted
      Source: Bloomberg  -  707 words
    • 919 8  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group’s liquidity position in the next two months should improve, but how its balance sheet will fare after that is still a question mark, analysts said, adding that the support of its major banking partners will
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    • 623 8  -  Only 8 Catalist listings this year, with all trading either flat or below IPO prices By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RETAIL jeweller Soo Kee Group fell 5.5 Singapore cents or 18 per cent to close at S$0.245 on
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    • Article, Illustration
      63 10 STI Catalist Straits Times Index Aug 20,2015 3,009.78 -31.47 (-1.03%) Current streak 4 days Day high 3,027.35 Day low 3,000.93 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,009.78 (Aug 20, 2015) FTSE ST Catalist Index Aug 20,2015 562.87 -13.77 (-2.39%) Current streak 5 days Day high 576.55 Day low
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    • 680 10  -  STI sheds 31.47 points to close at 3,009.78, with losers outnumbering gainers 418 to 83 STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT EXIT, pursued by a bear. Or a whole herd of bears, in the case of Thursday which saw even more investors rushing for
      Source: Bloomberg  -  680 words
    • 314 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 unch 227/222 271 219 6.5 5668.1 CapitaLand 300 -3 303/298 379 293 11 3 *****.5 CapitaMall Trust 191.5 -2 193.5/191.5 228 188.5 5.7 6645.8 CityDev 893 xd -9 901/890 1095 876
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    • 32 10 VOLUME StratechGroup 85,006,200 MDR 65,121,800 Noble 59,219,500 IHC 51,025,100 Ezion 37,417,300 Market volume 1,586,667,000 VALUE DBS Grp 130,631,629 UOB 104,215,481 OCBC Bank 80,494,270 Singtel 79,094,304 CapitaLand 50,126,253 Market value 1,248,627,000
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    • 110 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 306 -3 696 308/305 355/305 306/307 IS MS INDIA US$ US734 -7 233 747/733 1000/696 732/734 91.8 Lyxor Cmdty US184 190 184/182 274/182 180/184 18.4 UETF SSE50China 225 -7 134 231/223 340/150 222/225 70.3
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    • 77 10 Aug 20 VALUE CLOSE BT OB/OS -1452.00 -337.00 BT CADI -*****.00 -303.00 BT 10-day MA -*****.00 -145.00 FTSE ST Mid Cap 681.79 -8.23 FTSE ST Small Cap 406.22 -10.57 FTSE ST All Share 718.68 -8.35 FTSE ST China Top 175.79 -2.03 FTSE ST China 215.96 -2.87 FTSE
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    • 35 10 STI FTSE ST All-Share ftse ST All-Share index Aug 20,2015 718.68 -8.35 (-1.15%) Current streak 4 days Day high 723.24 Day low 717.78 52-week high 847.98 (Apr 15, 2015) 52-week low 718.68 (Aug 20, 2015)
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    • 33 10 STI MSCI EAFE MSCI EAFE Index Aug 19,2015 1,811.33 -23.88 (-1.30%) Current streak 4 days Day high 1,837.95 Day low 1,811.33 52-week high 1,949.49 (May 15, 2015) 52-week low 1,697.01 (Jan 7, 2015)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 8 5 0 0 0 1 8 5 Manufacturing 22 77 24 4 20 7 26 97 31 Commerce 10 39 8 1 9 4 11 48 12 Tpt/Stor/Comms 2 30 5
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,367 28,367 83,221 83,221 Manufacturing 198,788 52,028 250,816 121,223 1,264 122,487 Commerce 94,466 87,999 182,465 88,243 11,596 99,839 Tpt/Stor/Comms 138,557 80 138,637 177,716 9 177,724 Finance 38,876 101 38,977 336,908 24 336,933 Construction 25,980 22,080
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    • 73 10 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 211.0 1.4 *****/***** DBXT S&P Short US$ 2170 39.4 1.3 2497/2104 Shanghai Turbo 85 11.0 14.9 92/65 China Gaoxian 41 6.5 18.8 88/34.5 NOL 84.5 5.5 7.0 120/73.5 BY PERCENTAGE CLOSE UP 52w high/low New Silkroutes 0.2 100.0 0.1 0.2/0.1
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    • 76 10 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ ***** -402.3 -2.5 *****/***** SPDR S&P500 US$ ***** -194.1 -0.7 *****/***** DBXT China50 US$ 3072 -153.3 -3.4 4258/2987 DBXT MSJAP US$ 5042 -146.3 -2.0 5277/4291 DBXT E50 US$ 4904 -130.8 -1.9 5310/4562 BY PERCENTAGE CLOSE DOWN 52w high/low CapitalaMBeCW*****1 2.5
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    • 79 10 VOL CLOSE($) CHANGE Jackspeed 60.0 0.055 -0.020 -26.67 Anchun Intl 200.0 0.046 -0.020 -30.30 L-Jacoberg 49.2 0.650 -0.135 -17.20 Great Group 25,564.1 0.015 -0.004 -21.05 MS Hldgs 30.0 0.151 -0.034 -18.38 Ziwo 314.2 0.038 -0.012 -24.00 Triyards 1,848.3 0.240 -0.055 -18.64 Fuji Offset 12.0 0.280 -0.020 -6.67 Starburst
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    • BROKERS’ TAKE
      • 185 10 Buy Target price: S$0.23 Aug 20 close: S$0.193 RHB, Aug 20 Management reiterated that it will not be making new investments, and will focus its existing portfolio for eventual exits and distribute excess cash back to shareholders. The group also announced that that Knowledge Universe Education (KUE), one
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      • 154 10 Hold Target price: S$1.36 Aug 20 close: S$1.27 OCBC Investment Research, Aug 20 First Reit’s recent Q2 2015 results were within our expectations and exhibited continued stable growth. We project First Reit’s DPU growth to remain steady at 3 per cent for FY15 and one per cent for
        154 words
      • 238 10  -  Compiled by Melissa Tan Buy Target price: S$9.00 Aug 20 close: S$8.12 DBS Group Research, Aug 20 Venture is a beneficiary of the weak ringgit versus the Sing dollar. Street forecasts are not fully factoring in the impact of a 15 per cent decline in the S$/ringgit exchange
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    • 388 11 CURRENCIES REUTERS London THE US dollar fell against a basket of major currencies on Thursday, with investors trimming bets in its favour after Federal Reserve minutes suggested that policymakers were in no hurry to raise interest rates. Traders said that the probability
      REUTERS  -  388 words
    • FOREX RATES
      • 471 11 Aug 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.960 4.667 0.656 5.658 47.713 101.317 0.906 8.675 3.017 1.107 74.371 33.943 1.027 9.467 0.703 23.771 26.001 0.466 0.730 Canada 1.042 4.862
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      • Article, Illustration
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      • 155 11 Aug 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0263 1.0275 0.7297 0.7302 Canadian dollar 1.0693 1.0703 0.7606 0.7603 Euro 1.5642 1.5654 1.1121 1.1124 NZ dollar 0.9273 0.9286 0.6593 0.6599 Sterling pound 2.2038 2.2054 1.5669 1.5672
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      • 22 11 Aug 20 S$ Bid Offer 1-month 1.4078 1.4088 2-months 1.4088 1.4101 3-months 1.4096 1.4111 6-months 1.4118 1.4131 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 203 11 Aug 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.4 -1.8 8378 0.1 1980 5 DBS MB EPW*****2 17.1 2.1 4067 0.1 1950 2 Ezion MB eCW*****1 3.2 -0.5 3810 0.4 95 13
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      • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Aug 19 Index Change Change Change Change Change Change World Preliminary 1314.5 -1.3 3.0 -1.2 6.8 -1.2 0.7 EAFE Preliminary 1055.2 -1.4 6.9 -1.3 8.2 -1.3 2.1 Europe Preliminary 1459.2 -1.8 5.6
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      • 401 11 Aug 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug15 *****.50 *****.50 *****.00 *****.00 *****7 *****4 Sep15 *****.00 *****.50 *****.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****2 *****8 Dec15 *****.00 *****.00 *****.00 *****.00 2291 ***** MSCI TAIWAN
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    • BANK RATES
      • 36 11 Aug 20 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • 154 11 Aug 20 $S Offer Bid 0vernight 0.08 0.03 1-month 0.8125 0.6875 2-months 0.875 0.75 3-months 0.9375 0.8125 Overnight mode: 0.05 US$ 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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      • 69 11 Aug 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.26 102.33 102.30 5-Year N*****0S 2.000 01-Jul-20 100.19 100.20 100.15 10-Year NX*****Z 2.375 01-Jun-25 98.19 98.30 98.30 15-Year NY*****E 2.875 01-Jul-29 100.06 100.20 100.05 20-Year NZ*****V 3.375 01-Sep-33 106.15
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    • AGRI METALS ENERGY
      • 250 11 Aug-19 Price Net change change Last Trade Agricultural Aug-19 CBOT Soybeans (US cents/bu) 903.50 -9.75 -1.07% 14/09/2015 CBOT Soybean Oil (US cents/lb) 27.89 -0.43 -1.52% 14/09/2015 CBOT Wheat (US cents/bu) 496.25 2.00 0.40% 14/09/2015 Aug-19 LIFFE Cocoa (£/tonne) 2061.00 29.00 1.43% 15/09/2015 LIFFE Coffee (US$/tonne) 1669.00 -62.00 -3.58%
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    • 198 12 REUTERS Kuala Lumpur MALAYSIAN budget airline AirAsia reported a 33 per cent drop in its sec-ond-quarter net profit on Thursday, due to a rise in operating and financing costs. Net profit for April-June fell to RM243 million (S$83 million) from RM367.2 million, although the airline
      REUTERS  -  198 words
    • 1014 12  -  Firm explains why it faces a delivery delay following the successful preorder phase of its flatbread-making machine By Elizabeth Mak eamak@sph.com.sg Singapore WHEN Rishi Israni and Pranoti Nagarkar started taking preorders for their automated chapati-making machine in July last year, they
      FILE PHOTO  -  1,014 words
  • Page 6 Advertisements
    • 153 6 A. ;V'' -W **-463 >- -X-. *■.!>. VV..VW r-w/.. W -h. V I 3s2*a®y>? i rt- -C-••V.;-5t. I -•A -V Ac ,'7~t r CV' I ■> i. SB r- r i i i i i i i i S* B ""W B ss* ™"I V =5rr >v ,r~ L- <'
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  • Page 8 Advertisements
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  • Page 12 Advertisements
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  • BANKING & FINANCE
    • 707 14 Indonesia’s Islamic bonds due in 2024 is down 3.8% since April, while 2025 Malaysian debt has fallen 2.6% BLOOMBERG Jakarta DOLLAR sukuk returns are turning negative in Asia’s biggest Islamic finance markets as confidence in government leaders sours amid
      BLOOMBERG  -  707 words
    • 363 14 REUTERS Sydney AUSTRALIAN fund managers are flexing their muscles against long-domi-nant investment banks, demanding the banks provide them with more equitable protection in the A$29 trillion (S$29.75 trillion) credit and inter-est-rates swaps market. Investment funds are stipulating that banks post
      REUTERS  -  363 words
    • 511 14 BLOOMBERG Sydney PACIFIC Investment Management Co likes bonds designed to become part of European banks’ capital cushion in times of stress because it sees little risk that they’ll end up being needed to shore up balance sheets. The company, which manages
      BLOOMBERG; PHOTO: BLOOMBERG  -  511 words
  • Page 14 Advertisements
    • 187 14 Misplaced your USB drive somewhere? Lost your work due to a power surge? Family photos corrupted by a computer virus? THE BUSINESS TIMES Hij'cfej o& \AiorK Don't be a victim of data loss. Subscribe to The Business Times and safeguard your PC or Mac with Acronis True Image Unlimited for
      187 words

  • ENERGY & COMMODITIES
    • 715 15 Joko administration fails to spend the US$22b budgeted for such projects this year due to a lack of coordination REUTERS Sukabumi, Indonesia POOR infrastructure makes stable pricing difficult at the best of times in Indonesia, but the rural poor are increasingly
      REUTERS; PHOTO: REUTERS  -  715 words
    • 336 15 Gold producers buck trend, notching gains on strength in the metal’s price BLOOMBERG Melbourne BHP Billiton Ltd and Glencore plc led declines among global mining companies as commodity prices plunged on heightened concern of a sharp slowdown in China. BHP, the world’s biggest
      BLOOMBERG  -  336 words
  • Page 15 Advertisements
    • 220 15 SINGAPORE’S BIGGEST IT. AND CONSUMER ELECTRONICS EXHIBITION x i Vm comex2ois 3-6 SEP V TECH SHOWCASE SUNTEC SINGAPORE L3,11am 9pm L4 L6,12-9pm Lenovo YOGA 3 Pro The Lenovo YOGA 3 Pro is thinner, lighter, and better than ever with four different ways for you to do what you want with
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    • 108 15 T HE PEA K SELECT I O NS TIMEP I E CES 2 0 15 2 0 16 WWW .T H E P E A K M A G A Z I N E A DIFFERENT NOTE P U T T I N G A N AVA N T G
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  • TECHNOLOGY
    • 620 16  -  Its upgraded Twitter Publisher Network gives advertisers a link from Twitter to their own mobile apps, so they can connect with their audiences through the apps they use By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore TO monetise its platform more efficiently, social
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  • Page 16 Advertisements

  • CONSUMER
  • Page 17 Advertisements
    • 31 17 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
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    • 882 17 NOTICES HIAP HOE LIMITED Company Registration Number *****0676Z (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of HIAP HOE LIMITED (the “Company”) will be held on 7 September 2015 at 11.00 a.m. at Ramada Singapore At Zhongshan
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  • TRANSPORT
    • 663 18 Australia airline posts A$557m annual profit, places order for eight Boeing Dreamliners AFP Sydney AUSTRALIAN carrier Qantas on Thursday roared back into the black in a stunning turnaround of fortunes driven by aggressive cost-cutting, while placing an order for eight Boeing Dreamliners. The
      AFP; PHOTO: BLOOMBERG  -  663 words
    • 563 18 REUTERS Singapore A SLIDE in marine fuel prices to six-year lows should be a welcome break for global shipping by slashing costs for an industry struggling to recover from its worst downturn in decades. But shipping operators say the benefits
      REUTERS; PHOTO: BLOOMBERG  -  563 words
    • 515 18 BLOOMBERG San Francisco UBER Technologies Inc’s criminal background checks for drivers failed to prevent it from hiring registered sex offenders, identity thieves, burglars, a kidnapper and a convicted murderer, California prosecutors said. The district attorneys of San Francisco and Los Angeles escalated their fight
      BLOOMBERG  -  515 words
  • Page 18 Advertisements
    • 1132 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CHINA MINING INTERNATIONAL LIMITED 中 (Incorporated in the Cayman Islands on 30 September 2004) (Company Registration No.: CT -*****5) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Mining International Limited (the “Company”) will
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    • 156 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SHARJAH ASSET MANAGEMENT (ASIA PACIFIC) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****7291Z Notice is hereby given that pursuant to Section 308 of the Companies Act (Cap. 50), the final general meeting of the
      156 words
    • 267 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1) OMEGA CAPITAL PTE. LTD. (Co. Registration No. *****0713E) 2) TAI-AO ALUMINIUM (SINGAPORE) PTE. LTD. (Co. Registration No. *****1235D) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308
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  • REAL ESTATE
    • 733 19  -  His partners in LGB Corp include Alan Wang; group may consider S’pore IPO based on funding needs By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RAYMOND Chia, who resigned as CEO of Chip Eng Seng late last year, has emerged on the property
      733 words
    • 695 19 BLOOMBERG Madrid SPAIN’S once-ravaged construction industry is creating jobs at the fastest pace in almost three years. Well-pay-ing jobs will take longer. The country that used to build more houses than France, Germany and the UK combined added 32,300 construction
      BLOOMBERG  -  695 words
    • 746 20 Renowned architect’s new project aims to present his people a lifestyle in sync with the natural climate WP Tokyo A NEW project launched by internationally renowned architect Toyo Ito on Omishima, an island in the Seto Inland Sea, is aimed at
      WP; FILE PHOTO  -  746 words
    • 235 20 REUTERS Hong Kong CHINESE developer Guangzhou R&F Properties said on Thursday it will not engage in a price war to achieve its full-year sales target after it lowered that goal for 2015 by 8.3 per cent. The 15th largest property developer by
      REUTERS  -  235 words
  • Page 19 Advertisements
    • 725 19 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 TENNESSEE PTE. LTD. Registration No.: *****1387R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, (Chapter
      725 words

  • Page 20 Advertisements
    • 549 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3.5-Storey. 8159 sqft, 6+1 rms ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027 9771 6341 D10 HOUSE FOR SALE CORNWALL GARDENS
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    • 178 20 D14 FACTORY FOR SALE SIMS AVENUE Rare! B1 Freehold. 9 Storey High Yield! Great Investment!! Built up Approx 1119 sqm, Renovated. Near MRT/ Eateries/ Amenities/ car park. No GST. Call 9225 6886 D14 SHOP FOR SALE ALONG CHANGI ROAD Rare Shop house Along Changi Road. Freehold. 1368 sqft. Can build
      178 words

  • VEHICLES
    • 1477 21  -  Research suggests that optimists can find solutions where pessimists do not By Arthur C. Brooks NEW YORK TIMES y wife, Ester, and I had just endured a difficult parent-teacher conference for one of our teenage children. It was a grades issue. The ride home was tense,
      NEW YORK TIMES  -  1,477 words
  • Page 21 Advertisements
    • 226 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED BUY IT-SELL IT FIND IT- BMW FOR SALE BMW 12/2011. 730li Sunroof. 1 Director owner. PML service with 1 yr warranty. Auto blinds tailgate. $162k. AML #04-10 Wheeler Dealers LLP. Call 9386-0913/ 8188-3900 HONDA FOR SALE FIT Honda
      226 words
    • 64 21 PET PETS CARE PET FARM Ericsson Pet Farm: Small, Medium and Large puppies and kittens. Pet Food and Accessories. Boarding long/ short-term. Please call 6582-3333. PETS PET CARE KOI FARM Nippon Koi Farm Biggest, Cheapest And Largest in Singapore! No 51 Jln Lekar Tel 6763 1882 or visit website: www.nipponkoifarm.com
      64 words

  • GOVERNMENT & ECONOMY
    • 566 22 Job gains, low borrowing costs boosting trade-up purchases, providing more fuel for the economy LATEST US DATA BLOOMBERG REUTERS Washington PURCHASES of previously owned US homes unexpectedly rose in July to the highest level since February 2007, consistent with further
      BLOOMBERG; REUTERS  -  566 words
    • 431 22 opposing the aid. AFP, REUTERS, BLOOMBERG Athens GREEK Prime Minister Alexis Tsipras was expected to submit his resignation to the country’s president later on Thursday to clear the way for early elections on Sept 20, according to a government official. Mr
      opposing the aid. AFP, REUTERS, BLOOMBERG  -  431 words
    • 620 22 Minister mulls closing borders opened by the Schengen Agreement NYT Berlin GERMANY expects as many as 800,000 asylum seekers or refugees this year, four times the number who came last year, Interior Minister Thomas de Maizière said in announcing new actions to cope
      NYT  -  620 words
    • 703 23 Officials fear pressure for monetary easing the move hits Asian demand and Japan exports REUTERS Tokyo CHINA’S devaluation of the yuan exposes an undefended flank in the Bank of Japan’s efforts to jolt its flagging economy out of decades of deflation, which rely
      REUTERS  -  703 words
    • 1059 23 Any TPP compromise by PM Harper could endanger his re-election in Oct polls BLOOMBERG Washington ON paper, it’s not a fair fight: a dozen nations representing 40 per cent of the world’s economic output versus 12,000 Canadian dairy farms.
      BLOOMBERG; PHOTO: REUTERS  -  1,059 words
    • 396 23 REUTERS Tokyo JAPANESE business morale improved in August and it is seen likely to remain steady, a Reuters poll found, offering a hint of economic recovery and improved confidence as firms look past the second quarter’s export slump and
      REUTERS  -  396 words
  • Page 22 Advertisements
    • 435 22 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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  • Page 23 Advertisements
    • 16 23 www.omy.sg H /J\ n CZ 3 tw m A MS J SCAN WATCH NOW more (Slifestyle.omy.sg
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    • 25 23 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
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    • 40 23 TAKING A BITE OUT OF THE INDIAN PIE As more in India eat out, can Singapore cash in? He is bringing Silicon Valley to South-east Asia GET YOUR COPY TODAY TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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    • 81 23 Enizmmnnr comex 2015 IS BACK! SINGAPORE’S BIGGEST I.T AND CONSUMER ELECTRONICS EXHIBITION 4 Wig 3-6 SEP SUNTEC SINGAPORE L3,11am 9pm L4 L6,12-9pm STAND TO WIN UP TO $12,388 IN CASH!!! > TRADE-IN I TRADE-IN your old/faulty laptops, tablets, smartphones, PCs and monitors to get CASH VOUCHERS* to spend at COMEX
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  • OPINION
    • 615 24 EDITORIAL INVESTING in emerging markets (EMs) over the past 3-5 years has been somewhat akin to crossing a minefield. This is quite apart from China where the domestic stock market delivered stratospheric returns for just over a year, before floundering more
      615 words
    • 696 24  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP WE CAN learn from Europe about job creation, but many Americans may reject the underlying lesson. It is: If you price labour too high pay workers more than they produce businesses will slow or
      THE WASHINGTON POST WRITERS GROUP  -  696 words
    • 1366 24  -  Singapore has had a headstart due to the strong commitment of its leaders in enhancing both its legal infrastructure and the quality of its stakeholders. BY CHAN LENG SUN BY CHAN LENG SUN T The writer is head of dispute resolution at
      FILE PHOTO  -  1,366 words
    • 960 25  -  COMMENTARY By Sven Christopher Wagner T The writer is a freelance writer based in Singapore ON Wednesday morning, German Finance Minister Wolfgang Schäuble addressed once again the German legislature and promoted a third bailout for Greece. Parliamentarians were asked to interrupt
      960 words
    • 823 25  -  By David Smith T The writer, a member of the Official Monetary and Financial Institutions Forum’s advisory board, represented the UN Secretary-General in the Americas 2004-14 THIS past weekend, tens of thousands marched through the major cities of Brazil for the third time this
      PHOTO: REUTERS  -  823 words
    • 1174 25  -  She is still dogged by ‘e-mailgate’ and her campaign events have had poor turnouts, but pundits are betting on Mrs Clinton becoming the Democrats’ presidential candidate By Leon Hadar WHEN Hillary Clinton announced in 2007 via her website the formation of
      PHOTO: AFP  -  1,174 words


  • 1925 26 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 BRIGHT CORAL 6 60 26/8 27/8 30/8 1/9 NOBLE CORAL 78 60 5/9
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  • Page 26 Advertisements
    • 106 26 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 s|^i'Srnaritime.coM Ahoy there! If you are in a business pertaining to any sector of
      106 words

  • Page 27 Advertisements
    • 283 27 World Amateur Golfers Championship SINGAPORE Join the national golf tour that allows you to compete with peers FREE! GALA DINNER (14 OCT) LUCKY DRAW PRIZES TO BE WON! Get a Canon IXUS 160 worth $169 when you register.** 5 golfing packages (flight of 4 golfers) at the Rancamaya Golf and
      283 words
  • 699 27  -  special Report by ALI KASIM aakasim@sph.com.sg He has roped in two friends so far and hopes to string along one more for the SPH World Amateur Golfers Championship (WAGC) next month. Sushminder Singh, one of five golfers who represented Singapore at the 2014 WAGC in
    699 words

  • CITY LIFE
    • 876 28  -  The three-day Bicycle Film Festival seeks to promote a positive profile of cyclists through movies, music and the arts. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg CARAMEL with sea salt is a fantastic, but unlikely, combination. So is going to a cat café and
      PHOTO: MERVYN CHAN  -  876 words
    • CITY BUZZ BT writers’ picks of what to see, do or talk about
      • 220 28  -  THEATRE Takizawa Kabuki By Dylan Tan TOKYO’S hottest blockbuster stage show has arrived in Singapore. During the past decade, Takizawa Kabuki has sold out every season and to celebrate its 10th anniversary, it’s touring outside Japan for the first time. Headlined by pop idol and
        220 words
      • Article, Illustration
        183 28  -  By Helmi Yusof Dirtsong by Black Arm Band THE most beautiful music sometimes comes from the darkest places. The songs of Australia’s Black Arm Band address the painful history of the Aboriginal struggle against oppression yet the music is rich, melodious and compelling. It combines a mellifluous harmony of
        183 words
      • Article, Illustration
        302 28  -  By Tay Suan Chiang Shun Ka Shuu Tou COME lunch time, the queues at those ever popular ramen joints in Tanjong Pagar are notorious, but if you are craving for some good Japanese food, there is Shun Ka Shuu Tou, in Amara Hotel. The name translates from Japanese as
        302 words
      • Article, Illustration
        198 28  -  By Tay Suan Chiang What’s Supp CAN’T decide where to go for supper this weekend? Head for the rooftop of the National Design Centre, which will be converted into a pop-up kopitiam for four nights. After a successful debut with Lepak at the National Museum, pop-up events organiser Kueh
        198 words
      • 190 28  -  By Rachel Loi My Nine Lives with Steve winter GO on an adventure with National Geographic wildlife photographer Steve Winter next Tuesday as he shares his experiences of travelling the world as part of his job. He has been to India, Brazil and even Hollywood to photograph big
        190 words
      • Article, Illustration
        207 28  -  By Rachel Loi wine Appreciation Dinner with Paolo Basso THE world’s best sommelier will be in Singapore for the first time next week to host a series of wine appreciation dinners at Ristorante Amarone. Paolo Basso was crowned “Best Sommelier of the World” in 2013 by The
        207 words

  • Page 29 Advertisements
    • 118 29 Jm ->r Xt nr 1 i' 2 r N. tr y? <> V h v V I N U M FINE WINES 0 R Y IANNUAL SALE STARTS TODAY! 21” 30™ AUGUST 2015 Over 450 top-end wines on offer WITH DISCOUNTS UP TO 40% BORDEAUX Ausone, Haut-Brion, I'Eglise Clinet, Latour,
      118 words
  • WINE
    • 1193 29  -  Wine-maker Peter Vinding-Diers has taken a long while to find a place to sink his roots. BY NK YONG PETER Vinding-Diers, poet by heritage, wine-maker by choice, flies his own flag and sails on regardless. He has now settled in Sicily and it
      1,193 words

  • ARTS
    • 792 30  -  Loo Zihan, who is one of five artists shortlisted for the President’s Young Talents award, reflects on his art installation. BY CHEAH UI-HOON BY CHEAH UI-HOON uihoon@sph.com.sg ARTIST Loo Zihan likes to organise and sequence information, and he also has a passion for
      792 words
    • 520 30  -  COMEDY By Dylan Tan dylan@sph.com.sg @DylanTanSYBT FOR his side-splittingly sardonic yet poetic take on love, politics, misery and the absurdities of everyday life, Dylan Moran’s critics have quite aptly christened him as “the Oscar Wilde of comedy”. And despite doing the job really
      520 words
    • 333 30  -  SINGAPORE INTERNATIONAL FESTIVAL OF ARTS By Helmi Yusof helmi@sph.com.sg @HelmiBT SO far, one of the strongest offerings at the Singapore International Festival of Arts is the Hungarian play Dementia, helmed by the Cannes award-win-ning film and theatre director Kornel Mundruczo and staged by the company
      PHOTO: MARCELL REV  -  333 words
    • MUSIC/CINEMA
      • 633 31  -  The veteran composer will share more of his life story in a new, upsized version of The Adventures of the Mad Chinaman. BY AVANTI NIM Chinaman.BY AVANTI NIM avantin@sph.com.sg WHAT do Dick Lee and Beyonce have in common? The singer-songwrit-ers both share a passion
        633 words
      • 568 31  -  CINEMA By Geoffrey Eu WITH the Marina Bay skyline featuring prominently, along with key scenes of easily identifiable locations such as Changi Airport and a popular downtown hotel plus a high-speed chase along some suspiciously traf-fic-free city streets you might be forgiven for
        568 words
      • 472 31  -  By Geoffrey Eu SINISTER 2, the latest in a long string of supernatural horror movies belonging to the same low-budget stable as the Paranormal Activity and Insidious franchises, fails to register much of an impression on the goose-bump scale. One
        472 words

  • Page 31 Miscellaneous
    • 335 31 CRYPTIC CROSSWORD Across 1 Month with retired salesman in Irish county in holiday vehicle (6,3) 8 What’s needed for morning, afternoon, evening? (5,2,3,3) 11 Irritating glitch youngster concealed (5) 12 Characterising a current note young man turned over (5) 13 Spirit of gloom (5) 16 Show off note about article
      335 words

  • BT Lifestyle
    • Article, Illustration
      456 32  -  An unprecedented dance marathon with 14 choreographers and 21 works begins on Friday at the Singapore International Festival of Arts.BY HELMI YUSOF Arts.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT ONE of the most ambitious segments of the ongoing Singapore International Festival of Arts (SIFA) is its extensive Dance Marathon which
      456 words
    • 469 32 A Male Ant Has A Straight Antennae By Mandeep Raikhy Aug 26 and 27 ONE of the strongest and wittiest works of the Dance Marathon is Mandeep Raikhy’s whimsically-titled A Male Ant Has A Straight Antennae. Ostensibly an examination of masculinity, Raikhy places six male dancers and one
      469 words
    • 465 32 REAL REALITY By Mikuni Yanaihara Aug 25 DO we need our bodies anymore? In this day and age, when human communication and commercial transactions can occur exclusively on virtual platforms without us having to go anywhere, can we dispense with the body altogether? For Mikuni Yanaihara,
      PHOTO: HIDETO MAEZAWA  -  465 words
    • 447 32 My Mothers I By Chey Chankethya Sept 1 CHEY Chankethya begins her one-woman dance describing two women who’ve influenced her life her mother and her classical Cambodian dance instructor. But as the dance progresses, it becomes increasingly clear that there are dark currents coursing
      447 words
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