The Business Times, 31 August 2015

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Total Pages: 26
1 26 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 Monday, August 31,2015
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  • DAILY DIGEST
    • Article
      Lock icon It was a weekend of verbal sparring
      49 1 between the ruling People’s Action Party and the Workers’ Party over the accounts linked to the Aljunied-Hougang-Punggol East Town Council yet again, with the issue set to take on a life of its own in this year’s general election. TOP STORIES 4
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    • Article
      Lock icon Prime Minister Najib Razak
      39 1 has maintained that the majority of Malaysians still support him after an estimated 200,000 people took to the streets of Kuala Lumpur and elsewhere over the weekend demanding that he step down. TOP STORIES 5
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    • Article
      Lock icon Hong Kong's towering skyline
      25 1 is dominated by major banks and investment houses but smaller startups are playing an increasing role on the financial landscape.BANKING FINANCE/18
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    • Article
      Lock icon China's oil majors
      24 1 are primed to join the latest round of global energy deals triggered by the collapse in energy prices. ENERGY COMMODITIES 19
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    • Article
      Lock icon Big Data analytics
      41 1 is at the heart of Singapore’s Smart Nation push, says Tan Yen Yen, regional VP and MD of SAS, a US-based business analytics and software provider, which counts DBS Bank as a major customer in this region. TECHNOLOGY/20
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    • Article, Illustration
      Lock icon As Amazon Fresh looms
      30 1 Ocado aims to sell more tech than food. Investors see technology, not food, as the most important product for the world’s biggest online grocery specialist.CONSUMER 21
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    • Article
      Lock icon Stronger growth will pull inflation higher
      36 1 in the US and Europe, according to three top central bankers who voiced confidence that their regions will escape from headwinds that are keeping inflation too low. GOVERNMENT ECONOMY 22
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,955.94 -15.07 KL COMP 1,612.74 +38.07 NIKKEI 225 19,136.32 -299.51 HANG SENG 21,612.39 -797.23 SHENZHEN B 1,086.82 -53.92 DOW 16,643.01 +183.26
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  • Article, Illustration
    Lock icon Crowdlending sector seeks clearer rules
    1068 1  -  Industry’s call prompted by lack of regulatory framework and comes after ‘diverse interpretations’ of the Securities and Futures Act By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore Singapore CROWDLENDING platforms, which allow individual investors to lend directly to businesses for a fixed return, are calling for clearer
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  • Article, Illustration
    Lock icon PM Lee rolls out amenities for AMK
    819 1  -  SPP and DPP unveil joint opposition team for Bishan-Toa Payoh GRC By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore RESIDENTS in Ang Mo Kio and Sengkang West will soon enjoy more amenities and facilities such as indoor gyms, an upgraded polyclinic, park connectors and two
    PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  819 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      222 1 8 "*****1 *****4 TOPLINE Maybank S’pore sees consumer loans growth COMPANIES MARKETS 6 NATIONAL DAY RALLY Biggest takeaways from PM Lee’s speech VIEWS FROM THE TOP 14-15 MONDAY MULTIPLE Did the market really crash? YOUNG INVESTORS’ FORUM 16 NEW RESTAURANTS Beni and Hashida Garo as different as night and day
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  • SINGAPORE GENERAL ELECTION
    • Article, Illustration
      Lock icon The big population debate
      491 2  -  BT INFOGRAPHICS GE2015 By Kelly Tay, Lee U-Wen Singapore’s population, immigration, and foreigner policies have been identified as key issues in GE2015. While the focus is often on foreigners and total numbers, the heart of the issue is really about a demographic structure that will support
      Sources: DOS, WDA, NPTD & Population White Paper 2013 BT Graphics: Kelly lay, Lee U-Wen, Hyrie Rahmat & Simon Ang  -  491 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon WP says AHPETC cannot determine ex-agent’s profit margin
      904 4  -  Party chairman Sylvia Lim says remuneration an internal matter for FMSS; four new candidates introduced By Jamie Lee leejamie@sph.com.sg JamieLee@BT Singapore IT WAS a weekend of verbal sparring between the ruling People’s Action Party and the Workers’ Party (WP) over the accounts
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  904 words
    • Article
      Lock icon New town hub in Tampines to open in stages from end-2016
      355 4 CHANNEL NEWSASIA Singapore A FIVE-STOREY regional library, a 20-court badminton hall, six swimming pools and a 5,000-seat stadium with a FIFA-approved football pitch are some of the facilities residents can enjoy when the new town hub in Tampines opens
      CHANNEL NEWSASIA  -  355 words
    • Article
      Lock icon Najib remains defiant amid Bersih 4 rally
      828 5  -  Some 200,000 said to have taken part in peaceful demonstrations seeking fair elections and economic revival By Pauline Ng btworld@sph.com.sg Kuala Lumpur PRIME Minister Najib Razak has maintained that the majority of Malaysians still support him after an estimated 200,000 people took to
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    • Article, Illustration
      Lock icon 6,800 take part in OCBC Cycle 2015
      388 5 Singapore SOME 6,800 cyclists took part in two community rides on the final day of the OCBC Cycle 2015 on Sunday. The two non-competitive mass participation categories The Sportive Ride (42km) and The Straits Times Ride (23km) both started at the Singapore Sports
      388 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      104 5 THE POWER TO LEAVE CLICHES BEHIND 0 Fuel consumption: 1Q9L/100km CO2 emissions: 253g/km AMAZING IN MOTION 9 SI r H THE LEXUS RC F. ADRENALINE AMPLIFIED. 470 horsepower. 0-100 km/h in 4,5 seconds. This is a Lexus like never before. And beyond the numbers, the Torque Vectoring Differential delivers extreme
      104 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Maybank S’pore sees consumer loans growth
      1126 6  -  Double-digit full-year increase is targeted despite economic slowdown.BY TTTOPLINE slowdown.BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT MAYBANK Singapore continues to enjoy double-digit growth in consumer loans and deposits despite the economy slowing to a crawl. That’s because it has a smaller base, said Choong Wai
      PHOTO: SHAWN TEO  -  1,126 words
    • CORPORATE DIGEST
      • Article
        Lock icon Epicentre Holdings
        175 6 EPICENTRE Holdings, a retailer of Apple brand products, has posted a S$2.868 million net loss for the year ended June 30, 2015, slightly lower than the S$2.895 million net loss it posted in the previous year. Revenue rose 3.6 per cent to S$178.50 million, largely contributed by the
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      • Article
        Lock icon China Everbright Water Ltd
        147 6 CHINA Everbright Water Ltd and its fully-owned subsidiary Beijing Everbright water Investment Management Co (BEWI) are proposing to acquire the entire equity interest in Dalian Dongda Water Co and its subsidiaries, from Dongda Group Co and Liu Yubao. The move will widen China Everbright Water’s geographical
        147 words
      • Article
        Lock icon Grand Banks Yachts
        184 6 GRAND Banks Yachts has posted a S$2.44 million net loss for the fourth quarter ended June 30, contrasting with an S$801,000 net profit in the same year-ago period. Revenue increased 3.5 per cent to S$13.68 million. Full-year, the group posted a S$4.80 million net loss, against a
        184 words
    • Article
      Lock icon Buying surges for third straight week
      1891 7  -  Selling remains very low; buyback activity stays high following steep fall in share prices. INSIDE MARKETS BY ROBERT HALILI T The writer is Managing director, Asia Insider Ltd THE buying surged for the third straight week while the selling among directors remained very low,
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index Aug 28,2015 2,955.94 -15.07 (-0.51%) Current streak 2 days Week high 2,955.94 Week low 2,843.39 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,955.94 (Aug 28, 2015) FTSE ST Catalist Index Aug 28,2015 556.57 -2.54 (-0.45%) Current streak 1 day Week high 558.83 Week
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    • Article, Illustration
      Lock icon STI expected to stabilise this week
      625 8  -  STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT THE wild swings in local shares that spiced up the early part of last week are looking less likely to show up again this week, which could see the benchmark Straits Times Index beginning to consolidate. That said,
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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 28,2015 706.94 -1.42 (-0.20%) Current streak 2 days Week high 706.94 Week low 676.93 52-week high 845.85 (Apr 17, 2015) 52-week low 706.94 (Aug 28, 2015)
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    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 221 -3 226/214 271 214 6.6 5592.2 CapitaLand 285 -15 298/275 379 275 10.4 3.2 *****.4 CapitaMall Trust 196 +5.5 199/184.5 228 184.5 5.5 6802 CityDev 875 -2 898/835 1095 835 10.5
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 343.4 2.3 *****/***** DBXT MSKorea US$ 4820 238.3 3.7 6609/4478 DBXT MSTaiwan US$ 1891 113.5 4.5 2392/1788 Great Eastern 2058 110.0 5.6 2600/1870 DBXT Vietnam US$ 2368 85.5 2.6 3100/2139 BY PERCENTAGE CLOSE UP 52w high/low NobleGrpMBeCW*****1 1 150.0
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low DBXT EONIA US$ ***** -3538.0 -13.5 *****/***** Lyxor Idonesia US$ 6669 -1697.0 -15.4 9591/6250 Lyxor AsiaIT US$ 3109 -1350.0 -23.6 4129/3109 SPDR S&P500 US$ ***** -1096.0 -3.8 *****/***** DBXT Nifty US$ ***** -1071.0 -5.9 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBeCW*****9 0.4
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Soon Lian 42.0 0.152 +0.041 +36.94 Top Global 21,202.2 0.004 -0.001 -20.00 Dyna-Mac 3,704.6 0.205 +0.036 +21.30 Samko Timber 1,040.0 0.119 +0.011 +10.19 ISR Capital 759.7 0.008 -0.001 -11.11 Serrano 82.9 0.110 -0.020 -15.39 Mencast 257.6 0.250 +0.045 +21.95 Raffles United 31.7 0.173 +0.023 +15.33
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Aug 28,2015 1,747.84 -8.81 (-0.50%) Current streak 2 days Week high 1,747.84 Week low 1,696.81 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 7 9 1 0 0 0 7 9 1 Manufacturing 60 81 19 14 20 8 74 101 27 Commerce 26 37 8 6 9 5 32 46 13 Tpt/Stor/Comms 15 15 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 197,869 197,869 716,035 716,035 Manufacturing 1,288,476 421,185 1,709,661 705,027 13,396 718,423 Commerce 1,504,462 391,706 1,896,168 692,937 14,331 707,268 Tpt/Stor/Comms 1,529,272 10,724 1,539,996 1,516,895 797 1,517,692 Finance 261,518 867 262,385 2,377,602 136 2,377,738 Construction 223,615 67,855
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    • Article
      Lock icon Prices slump on China crisis but rebound later
      789 8 COMMODITIES AFP London MANY commodities faced a fierce sell-off earlier last week, rooted in demand fears arising from China’s slowdown, but later rebounded in line with equities after surprisingly strong US growth data. World stock markets were hammered on Black Monday with
      AFP  -  789 words
    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME New Silkroutes 788,256,300 Ezra 735,448,500 Noble 491,401,400 StratechGroup 393,594,600 IHC 257,780,700 Market volume 11,225,264,000 VALUE DBS Grp 1,055,165,515 Singtel 848,434,183 UOB 582,594,175 OCBC Bank 569,943,840 Keppel Corp 415,354,091 Market value 8,910,801,000
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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 300 -3 8291 306/287 355/287 300/302 IS MS INDIA US$ US691 -25 2184 715/652 1000/652 691/695 86.4 UETF SSE50China 212 -6 1112 228/185 340/150 212/213 66.3 Nikko AM STI ETF 305 unch 952 313/288
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    • Article
      Lock icon COMPANY MEETINGS
      136 8 COMPANY MEETING PLACE DATE TIME China Sky Chemical A Vine I Ballroom Metropolitan YMCA S'pore 60 Stevens Road 31-Aug 9.30am Novo Group Ltd A RELC Intl Hotel Tanglin 2 (Lvl 1) 30 Orange Grove Road 31-Aug 9.30am Sapphire Corp E 55 Market Street #03-01 02-Sep 11.00am Hiap Hoe
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 28 VALUE CLOSE BT OB/OS -1007.00 +114.00 BT CADI -*****.00 +72.00 BT 10-day MA -*****.00 -101.00 FTSE ST Mid Cap 672.79 +5.96 FTSE ST Small Cap 404.61 +3.24 FTSE ST All Share 706.94 +3.29 FTSE ST China Top 170.08 +0.88 FTSE ST China 208.75 +2.00 FTSE
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    • Article
      Lock icon How strong should the yuan really be?
      319 9  -  CURRENCIES By Howie Lee T The writer is an investment analyst at Phillip Futures CHINA unexpectedly devalued its yuan in mid-August, bringing the USD/CNY rate from about 6.21 renminbi (RMB) per dollar straight up to a stabilisation point of about 6.4 RMB per
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    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.948 4.581 0.635 5.559 47.465 100.572 0.866 8.425 3.012 1.107 74.536 33.529 1.006 9.464 0.689 23.130 25.717 0.465 0.717 Canada 1.055 4.832
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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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 INTERBANK CURRENCY RATES
        155 9 Aug 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0052 1.0066 0.7171 0.7176 Canadian dollar 1.0604 1.0615 0.7568 0.7565 Euro 1.5832 1.5845 1.1295 1.1296 NZ dollar 0.9079 0.9092 0.6477 0.6482 Sterling pound 2.1613 2.1631 1.5419 1.5421
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 28 S$ Bid Offer 1-month 1.4034 1.4048 2-months 1.4046 1.4061 3-months 1.4055 1.4068 6-months 1.4085 1.4104 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 28 $S Offer Bid 0vernight 0.05 0.01 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0 0.875 Overnight mode: 0.05 US$ 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 28 1 mth 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 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
        67 9 Aug 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.11 102.20 102.20 5-Year N*****0S 2.000 01-Jul-20 99.64 10-Year NX*****Z 2.375 01-Jun-25 96.72 97.00 96.80 15-Year NZ*****F 2.875 01-Sep-30 97.41 97.45 97.45 20-Year NZ*****V 3.375 01-Sep-33 103.58 103.94 103.39
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        392 9 Aug 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug15 9392.50 9682.50 9300.00 9647.50 ***** *****0 Sep15 9210.00 9500.00 9150.00 9260.00 *****2 *****7 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****7 *****4 Dec15 *****.00 *****.00 *****.00 *****.00 3821 ***** MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        200 9 Aug 28 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.2 0.5 ***** 0.1 1980 5 UOB MB eCW*****1 16.9 6.5 ***** 0.1 2080 5 Rowsley Ltd W*****3 1.9 0.2 ***** 1 18
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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 28 Index Change Change Change Change Change Change World Preliminary 1261.2 0.4 -1.1 0.7 2.8 0.4 -3.1 EAFE Preliminary 1011.2 1.0 2.5 1.3 4.5 1.0 -1.5 Europe Preliminary 1405.5 0.3 1.7
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 9 Aug-28 Price Net change change Last Trade Agricultural Aug-28 CBOT Soybeans (US cents/bu) 893.25 7.00 0.79% 14/09/2015 CBOT Soybean Oil (US cents/lb) 27.79 0.90 3.35% 14/09/2015 CBOT Wheat (US cents/bu) 477.00 -7.25 -1.50% 14/09/2015 Aug-28 LIFFE Cocoa (£/tonne) 2086.00 5.00 0.24% 15/09/2015 LIFFE Coffee (US$/tonne) 1581.00 -26.00 -1.62%
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    • Article, Illustration
      Lock icon Biz ethics: beyond compliance to competitive advantage
      871 10  -  It must be seen to be ingrained into the very fabric of the company’s culture. BY NEO SING HWEE BY NEO SING HWEE T The writer is a member of the CG Guidebooks Committee of the Singapore Institute of Directors A RECENT Asia-Pacific
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1544 10 Payment Ex Rec Pay Ann (cts) date date date date ABR Hldgs aw 1.000 27-Aug 31-Aug 18-Sep 19-Aug 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
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    • Article
      Lock icon PRIME LENDING RATES
      271 10 Aug 28 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 BROKERS’ RECOMMENDATIONS
      1316 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 10.22 0.93 0.63 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 12.26 1.68 1.44 ARA Asset Mgt 1.25 2 0.09 16.63
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      1595 6 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices MACQUARIE BANK LIMITED Head Office: 50 Martin Place, Sydney NSW 2000, Australia Singapore Branch: 10 Marina Boulevard #17-01, Marina Bay Financial Centre Tower 2, Singapore *****3 CONSOLIDATED INCOME STATEMENTS for the financial year ended 31 March 2015 2015 AUDm 2014 AUDm
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      336 7 R E S I D E N S I L E D A N G URBAN SANCTUARY i E A S T L E D A N G WORLD CLASS GETAWAY HOME 1 SIGNATURE SELECTION 1 selection <2/0 C of prime properties Resort Facilities At Home SIGNATURE selection la VNch
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      164 9 Trade NDFs Online with Phillip Futures An Asian Financial Flouse with a Global Reach WJ 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower iHSPhiMipCapital Singapore *****1 Your Partner In Finance This advertisement is for general information only and does not constitute a recommendation, offer or solicitation
      164 words
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  • REAL ESTATE
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      26 11 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
      26 words
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  • COUNTRY FOCUS: KAZAKHSTAN
    • Article, Illustration
      Lock icon Ensuring reliable nuclear fuel supplies
      1061 12  -  I E and Kazakhstan sign agreement to locate the world's first bank of low-enriched uranium in the Central Asian republic. BY VINCENT WEE Almost five years of hard work and planning came to fruition last week when the International Atomic Energy Agency (I E and
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    • Article
      Lock icon Activities galore to celebrate 550 years of Kazakh statehood
      385 12 AMID the continuing celebrations this year of the 550th anniversary of Kazakh statehood, yet more activities are being planned. Among these was the celebration of Constitution Day, which this year, marked the 20th anniversary of the adoption of the Constitution by
      385 words
    • Article, Illustration
      Lock icon Country’s move to float currency lauded
      805 13  -  It has brought forward a scheduled change of its currency.BY currency.BY VINCENT WEE KAZAKHSTAN’Smove to fast forward a scheduled change of its currency, the tenge, to a free-floating exchange rate last week has been generally positively received. National Bank chairman Kairat Kelimbetov said the
      PHOTO: REUTERS  -  805 words
    • Article
      Lock icon Showcasing investment opportunities in Kazakhstan
      185 13 KAZAKHSTAN’S national export and investment agency KAZNEX INVEST is responsible for the development of foreign economic relations as well as to promote the diversification of the national economy by creating the most favourable conditions for the development and promotion of Kazakhstan’s processed exports. It assists
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    • Article
      Lock icon Radical reforms planned for Kazakhstan
      441 13 KAZAKHSTAN’S 100 Concrete Steps initiative was launched earlier this year as a pre-emptive step ahead of worsening regional and global conditions as sanctions, slowing economic growth and falling energy and commodity prices led to a deepening slump. Dubbed Plan of the Nation, the plan was
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  • Page 12 Advertisements
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  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      91 13 For e-version, go to www.sphcountryspecial.sg A mine of business opportunities awaits in Kazakhstan, where a conducive investment climate will help make your overseas ventures a successful reality. To get ahead in the game, uncover the winning strategy at: KAZNEXINVEST ROADSHOW Date: 18 September 2015 Time: 10am-1pm (Please arrive by 9.30am
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon PM’s SPEECH: KEY TAKEAWAYS
      3872 14 THIS WEEK’S TOPIC What were, for you, the biggest takeaways from the Prime Minister’s National Day Rally speech this year? How would these impact your business? Max Loh Managing Partner, Asean and Singapore EY THE rally speech was aspirational, yet a reality check. It was a
      PHOTO: THE STRAITS TIMES FILE  -  3,872 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      199 15 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 Cloud for
      199 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon If the market crashed and nobody noticed, did it really crash?
      2153 16  -  Investors should have a flexible concept of “market time”, depending on age and wealth MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT IT WAS 9.30am on a Monday and I was on the way to work. Suddenly, I was gripped
      Source: Bloomberg  -  2,153 words
    • Article
      Lock icon Chinese stimulus to boost sentiment, not growth
      651 16  -  By Craig Botham T The writer is emerging markets economist at Schroders THE People’s Bank of China (PBOC) moved to cut both the benchmark interest rate and reserve requirement ratio (RRR) on Aug 25. The stimulus measures should help market sentiment, but not
      651 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      105 16 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
      105 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Bank owned by US union gives lift to the left
      1469 18 Because it knows its donor world, Amalgamated is willing to advance cash on new contributions almost instantly NYT New York WHEN Ready for Hillary, a pro-Hillary Rodham Clinton super PAC (political action committee), wanted to take out a million-dollar loan
      NYT; PHOTO: GABRIELLA DEMCZUK/THE NEW YORK TIMES  -  1,469 words
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      Lock icon HK banks turn to start-ups for tech edge
      739 18 AFP Hong Kong HONG Kong’s towering skyline is dominated by major banks and investment houses but smaller start-ups are playing an increasing role on the financial landscape. The number of “FinTech” start-ups in Hong Kong offering technology tailored to the world of
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      Lock icon Ageas to sell HK unit to China’s JD Capital
      278 18 REUTERS Hong Kong AGEAS has agreed to sell its Hong Kong insurance unit to China-based asset manager JD Capital for HK$ 10.7 billion (S$1.9 billion), the Belgian insurer said on Sunday, exiting a business it acquired eight years ago. The deal
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      Lock icon China Construction Bank posts zero profit growth
      232 18 BLOOMBERG Beijing CHINA Construction Bank Corp, the nation’s second-largest lender, joined the club of big Chinese banks reporting zero profit growth and rising bad loans as the government struggles to prop up the economy. Net income for the three months through June 30
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  • ENERGY & COMMODITIES
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      Lock icon China’s oil majors primed for global deal quest after crude slump
      711 19 There’s the international race to pick up cheap assets, so the Chinese don’t want to be left out, says an analyst BLOOMBERG Hong Kong IT was only a matter of time. China’s oil majors are primed to join the
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      Lock icon Stronger greenback helps boost Aussie gold
      240 19 REUTERS Sydney A STRONGER US dollar is helping drive Australian gold production and buffeting local prospectors from the effects of a global sell-off in bullion, according to a sector survey released on Sunday. Production of the precious metal in Australia rose by 4 per
      REUTERS  -  240 words
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      Lock icon New IEA boss faces world energy landscape in flux
      526 19 REUTERS Paris THE new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of Opec in the 1970s. Fatih Birol of Turkey the
      REUTERS; PHOTO: REUTERS  -  526 words
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      Lock icon Berkshire reveals US$4.5b stake in oil refiner Phillips 66
      427 19 BLOOMBERG Seattle WARREN Buffett’s Berkshire Hathaway Inc disclosed a US$4.5 billion stake in Phillips 66, the Hou-ston-based oil refiner, as the billionaire investor’s company increases its bet on the energy industry. Berkshire held almost 58 million shares after purchases last week,
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Big Data analytics at the heart of Smart Nation push: SAS
      1035 20  -  Analytics solutions provider sees big opportunity in Singapore and Asia-Pacific By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore BIG Data analytics is at the heart of Singapore’s Smart Nation push, says Tan Yen Yen, regional vice-president and managing director of
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      Lock icon Top Apple music executive resigns
      438 20 NYT New York A CRUCIAL executive in Apple’s new music streaming service is leaving the company, just two months after Apple introduced the service and began an intense competition with Spotify for dominance of the online music market. Ian Rogers, who was in charge of
      NYT; PHOTO: NYT  -  438 words
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      293 20 World Amateur Golfers Championship SINGAPORE Join the national golf tour that allows you to compete with peers Play on one of the most prestigious golf courses in Singapore, and you could represent Singapore in the World Amateur Golfers Championship in Belek, Antalya (Turkey). GALA DINNER (14 OCT) LUCKY DRAW PRIZES
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  • CONSUMER
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      Lock icon As Amazon Fresh looms, Ocado aims to sell more tech than food
      728 21 Investors see technology, not food, as the most important product for the world’s biggest online grocery specialist BLOOMBERG London AT Ocado Group plc’s warehouse in Hatfield, a half-hour north of central London by train, hundreds of red shopping
      BLOOMBERG; PHOTO: BLOOMBERG  -  728 words
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      Lock icon FDA approves another in a new class of cholesterol drugs
      926 21 Amgen’s Repatha joins Sanofi’s Praluent; but potency of medications raises a key question NYT New York THE US Food and Drug Administration (FDA) has approved the second drug in a novel class of powerful cho-lesterol-lowering medications. The new drug, Repatha,
      NYT  -  926 words
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      Lock icon Europe fails on electronics recycling goals
      393 21 REUTERS Oslo ONLY a third of Europe’s electronic waste is properly recycled, with vast numbers of cellphones, computers and televisions illegally traded or dumped, a study led by the United Nations and Interpol said on Sunday. Sweden and Norway were close to European targets
      REUTERS  -  393 words
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      12 21 www.omy.sg ;n~ 0&i0 mM $lj -ir zk. ns. mm 0 more @showbiz.omy.sg
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      66 21 ech 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) s TOWARDS SMART BUILDING CONSTRUCTION Featuring 4 Key Segments Building Technology Construction Machinery New Materials Eletrical Mechanical Engineering LIMITED
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  • GOVERNMENT & ECONOMY
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      Lock icon Fed, ECB and BOE officials all see inflation rising
      784 22 But their optimism has not been shared by investors this month, as shown by trading in inflation-protected bonds BLOOMBERG Frankfurt STRONGER growth will pull inflation higher in the US and Europe, according to three top central bankers who voiced confidence that
      BLOOMBERG; PHOTO: REUTERS  -  784 words
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      Lock icon Modi backs down on India’s controversial land reform
      344 22 AFP New Delhi INDIAN Prime Minister Narendra Modi on Sunday announced he was ditching an executive order aimed at making it easier for business to buy land, in a major setback for his reformist government. Mr Modi said he would let the
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      Lock icon Portfolio investment flows to emerging markets worst since ’13
      617 22  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE full extent of last week’s dramatic rout in emerging markets going well beyond China, where international attention has been mainly focused in recent days is revealed in the latest capital flows data published by the
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      Lock icon China is growing at ‘reasonable’ pace despite pressures: Premier Li
      349 22 REUTERS Beijing CHINA’S economy is growing at a “reasonable” pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. The premier, in remarks published late on Saturday after a special
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      Lock icon More stockmarket swings likely this week
      943 22  -  US markets may take over from China as the driver of volatility WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg IF you were travelling in outer space without access to the Internet last week, you would be forgiven for thinking stocks had a quiet week.
      PHOTO: REUTERS  -  943 words
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    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1910 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 BTM PKL KUC KK JKT MALAYSIA STAR 49 50 10/9 11/9 15/9 17/9 CALMY CORAL 092 60 21/9
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      106 24 Experienced Stl/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THEliLSINtSSTIMKS SHIPPING TIMES Make A Splash In The Maritime World Via sj5i.Sfnaritime.coM XI lj Ahoy there! If you are in a business pertaining to any sector of
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  • DINING OUT
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      Lock icon As different as night and day
      1449 25  -  Beni is a little black box theatre with a culinary stage while Hashida Garo is a cheery, bright space with casual counter seating. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANTS Beni #04-16B Mandarin Gallery 333A Orchard Road Tel: 6235-2285 Open for
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  • LIFE & CULTURE
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      320 26 CRYPTIC CROSSWORD Across 1 Bolted, say, ordinary passable rubbish (12) 9 Partisan guerrilla manoeuvres, deposing left for right (9) 10 Open pastry dish empty on stove (5) 11 Blunt? Sharpen and sculpt edges (6) 12 Means to save one trapped by large cat (8) 13 Run naked with redhead in
      320 words