The Business Times, 4 September 2015

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Total Pages: 43
1 44 The Business Times
  • 34 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [3 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Friday, September 4,2015
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  • 27 1 MARKETS Thursday Change STI 2906.43 +28.30 KL COMP 1602.75 +12.56 NIKKEI 225 *****.39 +86.99 HANG SENG CLOSED SHENZHEN B CLOSED DOW (11:45 am EDT) 16,488.51 +137.13
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  • Article, Illustration
    260 1 Delays in seat installation will postpone the rollout of premium economy on SIA’s Airbus A380 fleet for certain routes. TOP STORIES 6 A veteran fighter of boardroom wars has re-emerged and is planning directorship changes at furniture maker KLW Holdings. COMPANIES MARKETS 7 From Sept 21, UOL Group,
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  • 613 1  -  PUB to time design-build-own-operate tender for Marina East plant on same day tender for third plant in Tuas closes By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE is set to increase its desalination capacity by 60 per cent in the next few
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  • 552 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE businesses posted only a marginal improvement in operating conditions in August, as the rate of output growth dipped to a four-month low, according to the Nikkei Singapore purchasing managers' index (PMI) released on Thursday. The
    Sources: Nikkei & Markit  -  552 words
  • Page 1 Advertisements
    • 78 1 8 "*****1 *****4 EXEC CONDOS JBE’s Yishun project to mark lowest pricing for ECs this year TOP STORIES 6 a S' PiageT l Perfection in Life 5 I s; r- —1 sssss V 5. I y. —r •> -Manhattan, New YorkPiaget Altiplano Pink gold bracelet 38 mm and 34 mm
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    • 41 1 RALLY WATCH AHPETC, jobs, cost of living and more SINGAPORE ELECTION 2 4 SPECIAL FOCUS Local talent to the fore excellence in finance 19-25 ART, CLOSE AND PERSONAL Higher-end condos now feature artworks for a ‘distinctive arrival experience’ BT LIFESTYLE 39
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    • 13 1 HDB Resale prices up 0.3%, transactions fall 6.8% in August REAL ESTATE 26
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  • SINGAPORE GENERAL ELECTION
    • 1118 2  -  Acra records show EM Services made a profit margin of 7% in FY13/14; FMSS’s margin is over 20% By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Workers’ Party (WP) has not explained “important questions” on the clawback from the former managing agent of Aljunied-Hougang-Punggol
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    • 771 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE Aljunied-Hougang-Punggol East Town Council (AHPETC) saga again came under the spotlight at the Workers’ Party (WP) rally at Boon Keng Road on Thursday. Speaking in Mandarin to the crowd, party chief Low Thia Khiang
      PHOTO: MARK CHEONG/THE STRAITS TIMES  -  771 words
    • 795 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore EIGHT of the political parties taking part in next week’s general election (GE) went on national radio and TV on Thursday night for the first of two planned party political broadcasts. As
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    • 162 2 TIME RALLY SITE CONSTITUENCY PARTY 7-10 pm 7-10 pm 7-10 pm 7-10 pm 7-10 pm 7-10 pm 7-10 pm 7-10 pm 7-10 pm Bukit Panjang SMC Feng Shan SMC Field in front of Blk 136 Petir Road Field along Bedok North Ave 4, beside SBS Transit Bedok North
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    • 738 4  -  lead minister Swee Say sees jobs as top concern; also touches on role of foreign workers By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE East Coast group representation constituency (GRC) is expected to see one of the
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  738 words
    • 573 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore VOTE for a strong and stable government to keep Singapore going in a still uncertain world, the ruling party’s candidates at Pasir Ris-Pung-gol urged at a rally on Thursday night. The
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  573 words
    • 677 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE high cost of living is the most pressing concern facing Singaporeans today, said Singapore Democratic Party (SDP) chief Chee Soon Juan, attributing this to policies implemented by the People’s Action Party (PAP). Dr
      PHOTO: DESMOND LIM/THE STRAITS TIMES  -  677 words


  • Page 4 Advertisements
    • 231 4 SG 50 A SCHOOL HOLIDAYS SPECIAL 50%0FF &SCHOOL BAGSFi3SEP2oi5l 11 KETTLER II t It ERGONOMIE Desk Tops Can Change Side^ Multiple Tilt Angles it KETTLER LOGO DUO DESK www.kettler.de Ergonomic Recommendation Endorsed By Dimension: W112 x H51 -78 x D68cm STAR BUY! ErgoSmart Germany ERGO JUNIOR DESK MULTI-FUNCTION KIDS CHAIR
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  • TOP STORIES
  • Page 6 Advertisements
    • 80 6 3 readers will stand to win a pair of invites to the exclusive awards ceremony on October 9, where they will get to savour the top 50 wines accompanied by a gourmet buffet spread. For contest details, look out for the review on the best Chardonnays in tomorrow's copy of
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  • COMPANIES & MARKETS
    • 395 7  -  Quek Chek Lan, who has become the single largest shareholder, plans board restructuring By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A VETERAN fighter of boardroom wars has re-emerged and is now planning directorship changes at furniture maker KLW Holdings. In a transaction that made him a
      395 words
    • 463 7  -  Group expects to return to profitability for the year and to pare debt from cash flow in subsequent quarters By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore DESPITE higher revenue for its seasonally weak fiscal first quarter, food and beverage company Del Monte
      PHOTO: BLOOMBERG  -  463 words
    • 499 7  -  Abalone producer says Catalist a more suitable platform for its shares and for attracting investors By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore LOSS-MAKING abalone producer Oceanus Group is seeking to move from the Singapore Exchange (SGX) mainboard to the junior Catalist board and is
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    • 309 8  -  They replace Jardine Matheson, Jardine Strategic and Olam from Sept 21 By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FROM Sept 21, UOL Group, Yangzijiang Shipbuilding Holdings and SATS will replace Jardine Matheson Holdings, Jardine Strategic Holdings and Olam International as constituents of the Straits
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    • 417 8 REUTERS Singapore EMBATTLED commodity merchant Noble Group is expanding its Singapore oil team to focus on growing regional demand despite a price rout that has hurt some companies trading in crude oil and refined products. Noble, one of Asia’s
      REUTERS  -  417 words
    • 514 8 BLOOMBERG New York BOND guru Bill Gross says if the Federal Reserve raises interest rates in September, policy makers are increasingly likely to wait at least six months before a second hike. Market measures indicate the wait
      BLOOMBERG; PHOTO: BLOOMBERG  -  514 words
    • 388 8 BLOOMBERG London GOLD fell for a second day before a US government jobs report on Friday that may indicate whether the economy is strong enough for policymakers to start raising interest rates. Bullion declined 0.5 per cent
      BLOOMBERG; PHOTO: BLOOMBERG  -  388 words
    • CORPORATE DIGEST
      • 82 8 OFFSHORE firm Otto Marine has scored two long-term charter contracts worth US$25.2 million, the shipbuilder and vessel owner announced early Thursday. The contracts, with a “large oil and gas company”, are for two 16,000-brake horsepower large anchor handling tugs supply (AHTS) vessels, Otto Marine said. The order is
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      • 127 8 HEALTHCARE services firm Healthway Medical has agreed with its acquirer, International Healthway Corporation (IHC), to alter some terms in the deal, it said in a Singapore Exchange filing on Thursday after market trading closed. Both are listed on the Catalist board. The changes include adding some elaboration on
        127 words
      • 98 8 OFFSHORE marine services provider PACC Offshore Services Holdings (POSH) said it was served on Wednesday with a writ of summons and statement of claim by Kensteel Engineering for S$7.1 million of damages and a deposit paid. The deposit (S$3.8 million) and the claim for damages of around
        98 words
    • 513 9  -  Employers must inculcate a culture in which learning and improvement are the norm, he says By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE government is committed to developing skills for the financial sector amid various forces reshaping the industry, said Emeritus Senior
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    • 1052 9  -  Focusing on productivity has helped e-commerce brand FitLion.com grow sustainably By Raphael Lim Singapore FAILURE is the mother of success, says a Chinese saying. For Tan Tse Yong, director of F1 Recreation Fitness Management, that statement could not be more true. The 35-year-old,
      PHOTO: ARTHUR LEE  -  1,052 words
    • 706 10  -  On a quiet day of trading with China and HK markets closed, the index gains one per cent amid low volumes STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE closure of Hong Kong and China for a public holiday on Thursday brought some relief to
      Source: Bloomberg  -  706 words
    • 305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 221 +5 221/216 271 214 6.6 5592.2 CapitaLand 280 +1 283/279 379 275 10.3 3.2 *****.7 CapitaMall Trust 189.5 +3 190/187 228 184.5 5.7 6576.4 CityDev 855 unch 867/850 1095 835 10.3
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    • 37 10 VOLUME Yamada Green Res R 63,958,100 Medtecs Intl 63,465,200 IHC 60,073,700 Ezra 49,400,700 StratechGroup 41,997,100 Market volume 1,072,379,000 VALUE Singtel 65,380,533 DBS Grp 56,748,802 UOB 39,073,126 OCBC Bank 29,306,214 JMH USD 24,346,695 Market value 634,360,000
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    • 113 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US678 +3 642 680/675 1000/652 678/683 84.8 STI ETF 296 +3 181 298/294 355/287 295/296 DBXT MSRussia US$ US179 +1 41 180/177 278/140 176/177 IS ASIA HYG US$ US1020 xd -15 29
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    • 77 10 Sep 3 VALUE CLOSE BT OB/OS -268.00 +394.00 BT CADI -*****.00 +91.00 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 660.73 +3.63 FTSE ST Small Cap 397.92 +0.97 FTSE ST All Share 694.98 +6.01 FTSE ST China Top 166.97 +1.46 FTSE ST China 203.69 +1.06 FTSE
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    • 34 10 STI FTSE ST All-Share FTSE ST All-Share Index Sept 3,2015 694.98 +6.01 (+0.87%) Current streak 1 day Day high 694.98 Day low 689.07 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24,2015)
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    • 33 10 STI MSCI EAFE MSCI EAFE Index Sept 2,2015 1,689.90 -4.70 (-0.28%) Current streak 3 days Day high 1,700.51 Day low 1,686.09 52-week high 1,949.49 (May 15, 2015) 52-week low 1,689.90 (Sept 2, 2015)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 3 0 0 0 6 4 3 Manufacturing 42 35 26 14 4 11 56 39 37 Commerce 16 16 18 3 4 5 19 20 23 Tpt/Stor/Comms 24 5 7
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    • 120 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,941 11,941 29,051 29,051 Manufacturing 128,243 124,164 252,407 57,262 6,142 63,404 Commerce 44,223 23,574 67,797 52,970 738 53,708 Tpt/Stor/Comms 158,094 140 158,234 131,360 11 131,371 Finance 11,937 24 11,961 136,305 4 136,309 Construction 8,586 3,093
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    • 77 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 199.6 0.7 *****/***** JMH USD 5032 126.0 1.8 6788/4620 DBXT iBoxxSing SG$ ***** 78.0 0.6 *****/***** DBXT China50 US$ 2829 66.5 1.7 4258/2782 Jardine C&C 2950 49.0 1.7 4381.6/2670 BY PERCENTAGE CLOSE UP 52w high/low Yamada Green Res R
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    • 76 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -111.8 -0.7 *****/***** DBS Bk 4.7% NCPS ***** -100.0 -1.0 *****/***** DBXT S&P Short US$ 2278 -41.1 -1.3 2497/2104 Lyxor ChinaH US$ 1294 -28.3 -1.5 2055/1285 IS ASIA HYG US$ 1020 -21.2 -1.4 1130/1013 BY PERCENTAGE CLOSE DOWN 52w high/low
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    • 81 10 VOL CLOSE($) CHANGE ChinaSing Inv 20.0 0.008 -0.020 -71.43 Medtecs Intl 63,465.2 0.065 +0.017 +35.42 Spackman 21,885.6 0.057 +0.013 +29.55 AusGroup 19,934.0 0.130 +0.012 +10.17 Manhattan Res 111.5 0.205 +0.047 +29.75 ChangtianPlastic 465.0 0.660 -0.080 -10.81 MDR 23,400.0 0.005 +0.001 +25.00 Yamada Green Res 9,928.0 0.077 +0.004 +5.48
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    • 446 10  -  Compiled by Kenneth Lim CDW Holdings NEUTRAL Sept 3 close: S$0.17 Target price: S$0.17 RHB Research, Sept 3 We visited CDW’s factories in China and were positive on what we witnessed. However, due to its key customer losing market share, we slashed our smartphone backlight unit sales estimates,
      446 words
    • 9 10 DATA I 9.30pm (Sept 4) US Unemployment Rate
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    • 441 11 CURRENCIES REUTERS Tokyo The US dollar rose against the yen on Thursday, extending its recovery from losses early in the week, as confidence in global markets returned owing to solid US economic data. In Tokyo, the US dollar bought 120.40 yen, up
      REUTERS  -  441 words
    • FOREX RATES
      • Article, Illustration
        2 11
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      • 471 11 Sep 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.931 4.464 0.625 5.443 46.482 99.446 0.845 8.349 2.971 1.106 73.148 32.811 0.994 9.466 0.681 22.820 25.156 0.460 0.702 Canada 1.074 4.792
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      • 2 11
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      • Article, Illustration
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      • 155 11 Sep 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9938 0.9951 0.7021 0.7025 Canadian dollar 1.0670 1.0683 0.7541 0.7538 Euro 1.5899 1.5912 1.1232 1.1233 NZ dollar 0.8987 0.9002 0.6349 0.6355 Sterling pound 2.1602 2.1620 1.5261 1.5263
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      • 22 11 Sep 3 S$ Bid Offer 1-month 1.4173 1.4186 2-months 1.4192 1.4206 3-months 1.4203 1.4218 6-months 1.4236 1.4252 Source: OCBC
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      • Article, Illustration
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
      • 204 11 Sep 3 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 17 0.8 3771 0.1 1860 5 Rowsley Ltd W*****3 1.7 0.1 3480 1 18 13 DBS MB eCW*****1 8.9 0.7 2245 0.1 1980 4
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      • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Sep 2 Index Change Change Change Change Change Change World Preliminary 1222.7 0.4 -4.2 0.7 0.4 0.3 -6.1 EAFE Preliminary 978.8 0.0 -0.8 0.1 1.9 -0.3 -4.8 Europe Preliminary 1371.6 0.3 -0.7
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      • 387 11 Sep 3 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9130.00 9235.00 9060.00 ***** *****3 Oct15 8907.50 9017.50 8860.00 124 2489 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****6 *****9 Dec15 *****.00 *****.00 *****.00 *****.00 3957 ***** MSCI TAIWAN INDEX FUTURES
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    • BANK RATES
      • 36 11 Sep 3 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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      • 154 11 Sep 3 $S Offer Bid 0vernight 0.03 Par 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.03 US$ 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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      • 69 11 Sep 3 Sep 3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.02 5-Year N*****0S 2.000 01-Jul-20 99.3 99.75 99.45 10-Year NX*****Z 2.375 01-Jun-25 96.29 96.80 96.40 15-Year NZ*****F 2.875 01-Sep-30 97.21 97.75 97.35 20-Year NZ*****V 3.375 01-Sep-33 103.29
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    • AGRI METALS ENERGY
      • 193 11 Sep-2 Price Net change change Last Trade Agricultural Sep-2 CBOT Soybeans (US cents/bu) 883.75 -1.00 -0.11% 14/09/2015 CBOT Soybean Oil (US cents/lb) 26.76 -0.46 -1.69% 14/09/2015 CBOT Wheat (US cents/bu) 473.00 -11.00 -2.27% 14/09/2015 Sep-2 LIFFE Cocoa (£/tonne) 2095.00 -15.00 -0.71% 15/09/2015 LIFFE Coffee (US$/tonne) 1576.00 -7.00 -0.44%
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      • 57 11 Sep 3 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 1933.0 1923.0 1951.0 1931.0 26 2338 Oct 15 1945.0 1954.0 2000.0 1945.0 1511 ***** Nov 15 1982.0 1989.0 2048.0 1977.0 ***** ***** Dec 15 2024.0 2030.0
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    • 1902 12 Transaction date: Sep 3 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit LOW Company 183 139 ARA Asset Mgmt 139.5 -2 144 141.5 139.5
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    • 349 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Div 1 0.2 t Annica GrYld 10.1 4.3 t Artivision Tech Net 15.5 5 t AsiaMedic MCap 35 20 t 3Cnergy 20 29.5
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    • 108 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2782 DBXT China50 US$ US2829 +47 2 2829 2782 7.8 614 258 DBXT MSBrazil US$ US258 -8 2 258 258 Low Div 1580 1000 DBXT MSMSIA
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  • Page 7 Advertisements
    • 187 7 Call for Collaboration LOAN INSURANCE SCHEME TRANCHE 5 (LIS 5) The Loan Insurance Scheme (LIS) is jointly implemented by SPRING Singapore (SPRING) and International Enterprise (IE) Singapore to facilitate access to short-term working capital and trade financing facilities for Singapore-based companies. The programme involves commercial insurers underwriting loans offered by
      187 words
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  • Page 8 Advertisements
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    • 50 8 GOOD CLASS BUNGALOW OF APPROXIMATELY 18,000 SO FT mM IB m i A': P v: i. P. f fX 98 S r- > s Land area for rent in Bukit Timah area Modern design with high ceiling and in-ground pool Interested, please call Shawn at 9694 5349 Times Properties Pte
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  • Page 9 Advertisements
    • 274 9 Excellence in Finance supplement, Pages 19 25 SSB3S Y Mini Walnut Moontarts Q; ,'n 19 Signature! I a CROWNING JEWELS OF MID-AUTUMN Popular! Healthier! Mini “Mao Shan Wang” Durian Snowskin Mooncake $66 $72 Mini Red Velvet $62 White Lotus Paste $66 Snowskin Mooncakes Mooncakes (Low Sugar) Traditional Mixed Nuts $70
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    • 79 9 This company is one of the 14 finalists of the Emerging Enterprise Award 2015. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2015 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover of S$15 million or less.
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  • Page 12 Advertisements
    • 71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • BANKING & FINANCE
    • 704 13 Slumping economies and falling currencies could weaken finances of borrowers BLOOMBERG Singapore JAPANESE banks may be starting to regret their biggest increase in overseas lending in 30 years as Asian economies slump and currencies tumble. Mitsubishi UFJ Financial Group Inc’s assets in Asia excluding
      BLOOMBERG  -  704 words
    • 789 13 BLOOMBERG Sydney BRUCE Yu needs a time out. Like investors around the world, the Franklin Templeton SinoAm money manager has struggled to keep up with escalating volatility in Chinese markets swings that increasingly set the tone for trading in
      BLOOMBERG; PHOTO: REUTERS  -  789 words
  • Page 13 Advertisements
    • 668 13 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 (1) SIAG TRADING PTE. LTD. Co. Reg. No. *****2136C (2) SOEHNLE PROFESSIONAL SINGAPORE LLP Co. Reg. No. T08LL0988G (3) SHG PTE. LTD. Co. Reg. No. *****4417Z (IN
      668 words
    • 1382 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) PSION ASIA HOLDINGS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****7338D) (2) PSION TEKLOGIX ASIA PACIFIC PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2307N) NOTICE OF RESOLUTIONS At the Extraordinary General
      1,382 words
    • 563 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BNP PARIBAS MERCHANT BANKING NOMINEE (PTE) LTD (Registration No. *****3062H) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section
      563 words

  • ENERGY & COMMODITIES
    • 567 14 Reduction in government-set price tracks global decline, will deal potential blow to Reliance, ONGC BLOOMBERG New Delhi INDIA will probably reduce the price of natural gas next month by about 14 per cent, dealing a potential blow to explorers Reliance Industries
      BLOOMBERG  -  567 words
    • 965 14 22.42b rupee insemination plan targets farms with just two or three animals and produce 80% of supply BLOOMBERG New Delhi THE fate of India’s milk revolution is packed inside 3-litre, nitrogen-cooled tanks like the one Rajeev Rana carries
      BLOOMBERG; PHOTO: BLOOMBERG  -  965 words
  • Page 14 Advertisements
    • 1859 14 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, CAP. 50 AND IN THE MATTER OF CCM DEVELOPMENT PTE. LTD. (Company Registration No *****1574H) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
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  • OPINION
    • 527 16 A STREET protest by tens of thousands (and arguably more) of reform-hungry Malaysians clad in yellow over the past weekend in Kuala Lumpur has done little to shake down Malaysia’s crisis-hit government. But it captured worldwide attention and has
      527 words
    • 815 16  -  THE BOTTOM LINE By J Bradford DeLong T The writer is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research PROJECT SYNDICATE THE US Federal Reserve has embarked on an effort
      PROJECT SYNDICATE  -  815 words
    • 1150 16  -  The building of a broad-based renminbi financial sector can turn Singapore into an enabler and a beneficiary of the renminbi’s rise in international trade. BY GUY HARVEY-SAMUEL BY GUY HARVEY-SAMUEL T The writer is group general manager and chief executive officer, HSBC Singapore
      PHOTO: REUTERS  -  1,150 words
    • 896 17  -  COMMENTARY By Simon Johnson T The writer is a professor at MIT’s Sloan School of Management and the co-author of White House Burning: The Founding Fathers, Our National Debt, and why it Matters to You REPORTS of the death of American power have often
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    • 820 17  -  By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum ONE of the larger surprises of the summer is how the Chinese authorities have allowed an apparently technical matter the possible inclusion of the yuan in the International
      PHOTO: AFP  -  820 words
    • 1070 17  -  Complementarity between US-led and China-led institutions requires the ratification of the 2010 IMF governance reforms by the US Congress. BY PRADUMNA B RANA Congress.BY PRADUMNA B RANA T The writer is associate professor and coordinator of the international Political Economy Programme in the
      PHOTO: REUTERS  -  1,070 words


  • TECHNOLOGY
    • 744 18 leading internal candidate is interim leader, co-founder Jack Dorsey, who’s already a CEO at another firm BLOOMBERG San Francisco PRESSURE on Twitter Inc’s board is mounting. In the three months since the company started searching for a new chief
      BLOOMBERG  -  744 words
    • 456 18 REUTERS Berlin CHINA’s Huawei Technologies unveiled a new smartphone on Wednesday, taking aim at the high end of the market, which is dominated by Apple and Samsung Electronics. The Mate S, launched on the sidelines of Europe’s biggest consumer electronics
      REUTERS; PHOTO: REUTERS  -  456 words
  • Page 18 Advertisements
    • 293 18 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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  • EXCELLENCE IN FINANCE
    • 1400 19  -  Singaporeans are leveraging on their technical and cultural skills to move into senior positions at leading financial institutions, say this year’s IBF Distinguished Fellows. BY FRANCIS KAN Fellows.BY FRANCIS KAN AS Singapore cements its position as one of Asia’s premier finance hubs, more local professionals
      FILE PHOTO  -  1,400 words
    • 430 19 WE asked some of this year’s IBF Distinguished Fellows whether a Singaporean will head a global financial institution one day soon. Here is what they said. Sim S Lim, DBS Bank Singapore Country Head: “I hope a Singaporean will head a global financial institution one
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    • 2117 20 Four bank chiefs give their take on the expertise the financial sector will require in light of more stringent regulations, increasingly complex markets and the threat of digital disruption ROUNDTABLE PARTICIPANTS I Samuel Tsien, group chief executive officer, ocbc Bank I Wee Ee Cheong,
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    • 727 24  -  DBS Bank has embedded the IBF Standards into its training programmes to help staff upgrade their skills and hone their competencies.BY competencies.BY FRANCIS KAN FOR five days in March, some 150 DBS Bank employees gathered with business startups from around the region in a space known as
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    • 763 24  -  The Financial Training Institute@SMU is helping to raise proficiency in Singapore’s financial sector. BY FRANCIS KAN BY FRANCIS KAN AS Singapore works to maintain its position as one of the region’s leading financial hubs, raising the competencies of the banking and finance sector’s workforce has become a
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    • 281 24 THE five-day DBS MegaHackathon took place from March 23-27 at Block 79, Ayer Rajah, a space that houses numerous tech and business startups. The event kicked off with a two-day workshop to help DBS employees adopt a digital mindset and an outside-in approach to the
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    • 166 24 FINANCIAL Training Institute@SMU offers IBF-accredited training in different segments. Here are a few of them. SMU Executive Certificate in Commercial Banking (IBF Level 1) This programme is specially designed for entry level hires and professionals with up to three years’ experience in corporate banking. http://fti.smu.edu.sg/eccb-main ACI-SMU Financial
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  • REAL ESTATE
    • 587 26  -  Some prospective buyers delay purchases until after Hungry Ghost month By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HDB resale prices edged up in August while resale transactions dipped during the ghost month, going by the latest flash estimates by SRX
      PHOTO: RICHARD W J KOH  -  587 words
    • 573 26 BLOOMBERG Dubai EMAAR Properties PJSC is offering hundreds of new luxury homes in Dubai that could sell for as much as 3.8 million dirhams (S$1.5 million) each just as the city’s residential real estate market posted the world’s biggest price decline.
      BLOOMBERG  -  573 words
    • 685 28 Vacation rental rates for the week of Pope Francis’s visit are eight times more than the Philadelphia average BLOOMBERG New York POPE Francis is visiting Philadelphia at the end of September, giving worshippers the potentially transcendent experience of watching the
      BLOOMBERG  -  685 words
    • 580 28 BLOOMBERG Washington IF you have a modified mortgage made around the time of the US housing market’s peak, Cerberus Capital Management probably wants to buy it. The investment firm has acquired more than US$5.7 billion in residential loans as at the end of
      BLOOMBERG  -  580 words
    • 427 28 REUTERS Williston, North Dakota NEARLY half of the hotel rooms in the epicentre of North Dakota’s energy boom have been sitting empty this year, yet another sign that plunging oil prices have cooled the economy of the second-largest crude producing US state. Producers,
      REUTERS; PHOTO: BLOOMBERG  -  427 words
    • 977 29 At stake are billions of dollars invested in property and centre of a US$28b tourist sector NYT New York TIMES Square’s topless women may be the least of its difficulties. After New York tabloids made an issue of panhandling by the so-called desnudas (naked)
      NYT  -  977 words
    • 453 29 REUTERS London A LONDON skyscraper that made headlines for reflecting sunlight at an intensity that melted parts of a Jaguar car in the street below has been awarded the annual Carbuncle Cup that highlights perceived architectural horrors. Officially called 20 Fenchurch Street, the
      REUTERS; PHOTO: REUTERS  -  453 words
  • Page 26 Advertisements
    • 681 26 A CALL TO CELEBRATION IN SEPTEMBER WITH SALON GOURMET In partnership with HSBC <Z> 4 V 4 sS .mi TH E FAMOUS GROUSE <1 UNA at One Rochester If relishing in fine cuisine and a bespoke tipple sounds like your idea of a jolly good time, then the month of
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  • Page 27 Advertisements
    • 96 27 BETTER BUSINESS PERFOR MANCE BEGINS WITH BETTER WORKPLACE PERFORMANCE. BEGINNING TODAY. With the acquisition of Johnson Controls’ facilities management business complete, CBRE is proud to present our new Global Workplace Solutions business. Through our collective industry -leading intelligence across markets, industries and asset types, combined with a relentless focus on
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  • Page 28 Advertisements
    • 458 28 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 HOLLAND GCB $11xxPsf yet neg. Superb Buy D.10 GCB. Pk 10 cars. Elevated land, Full privacy. Land 22,700/ 8500sf. Very
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  • Page 29 Advertisements
    • 349 29 D10 HOUSE FOR RENT ONE TREE HILL 3 New Semi-d Orchard ION,MRT A)2300/4180sf/5+1+ pool/ $18.5k B)2700/4850sf/6+1+pool/$21k. C) 3000/4560sf 5+1+ pool $21.5k 9863-5635/9727-2996 www.wahkhiaw.com.sg D11 21 HOUSE FOR RENT ANDREW ROAD Beautiful unique Balinese resort bunglw 2½-sty 6+2 bdrms with s/pool. Part furn. Great for entertainment. Land *****sf Built-up *****sf. $30K.
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  • VEHICLES & LIFESTYLE
    • 1031 30  -  By Andy Ho T wo decades ago, only 3 per cent of Singaporeans aged 65 or more had dementia, the severe form of mental deterioration associated with old age. According to a recent Institute of Mental Health study, however, the prevalence of dementia has
      1,031 words
    • 1933 32 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 23/9 SEA CORAL
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  • Page 30 Advertisements
    • 189 30 MERCEDES FOR SALE BENZ S400L Brand new Mercedes Benz S400L. Inhouse loan trade-In. For enquiries, call JCWC 9002 5913 9070 7117 9151 2330 DOMESTIC HELP MAID SERVICES Chaindra Maid Agency S’pore Prestige Class Award-Winner 2015 Asia Pacific Brands Award. Nepalese, Indian, Sri Lankan, Kerala, Hindi. Tel: *****172 (08C3412) NUMBER PLATE
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  • GOVERNMENT & ECONOMY
    • 546 31 Exports to China down 1.9% while imports from there dip 0.2%, leaving US-China trade deficit at US$31.6b, up 0.4% LATEST US DATA BLOOMBERG REUTERS Washington THE US trade deficit shrank more than forecast in July as imports of mobile phones and
      BLOOMBERG; REUTERS; PHOTO: BLOOMBERG  -  546 words
    • 261 31 AFP Paris FRENCH prosecutors confirmed on Thursday that a wing part found on a remote Indian Ocean island was from the ill-fated Malaysia Airlines flight MH370, a month after tests on the flaperon began. “It is possible today to say
      AFP  -  261 words
    • 637 31 AFP REUTERS Washington THE International Monetary Fund said on Thursday that the US Federal Reserve has the room to hold off from raising interest rates for the moment amid a “pretty bumpy” global economic situation. “Our general view is
      AFP; REUTERS  -  637 words
    • 451 31 REUTERS London EUROZONE business activity accelerated at its fastest pace in more than four years last month as Italy turned in its best performance since early 2011 and German growth strengthened, surveys showed on Thursday. But while those upbeat surveys will provide
      REUTERS  -  451 words
  • Page 31 Advertisements
    • 1071 31 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Project Ventures Limited (In Voluntary Liquidation) Company No. (*****23) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 1st September, 2015.
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  • Page 32 Advertisements
    • 105 32 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via S|5l aritime. COM Ahoy there! If you are in a business pertaining to any sector of the
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  • CONSUMER
    • 479 33 NYT London NATALIE Massenet, the founder of Net-a-Porter and the woman who persuaded high fashion that it had a home online, is leaving the British luxury e-commerce group she built, just five months after announcing a merger with its Italian archrival Yoox.
      NYT  -  479 words
    • 524 33 BLOOMBERG New York QUIKSILVER Inc, the surfwear chain that has lost more than three-quar-ters of its value this year, is looking for a buyer that could help keep the company afloat, according to people familiar with the matter. Quiksilver
      BLOOMBERG; PHOTO: BLOOMBERG  -  524 words
    • 593 33 Jars are found to be unsuitable for facial cream formulations with retinol and products that are preservative-free NYT New York WOMEN who like the decadent feel of scooping up pricey wrinkle creams with their fingers may want to re-eval-uate their favourite beauty packaging. Jars,
      NYT  -  593 words
  • Page 33 Advertisements
    • 101 33 3SSS& wiV* g«*iW V wmVrjtt'^i??- 1 w**■'•' l 'V; A 3»' Pi f L v/^ an Hgesn a Making Art Even More Irresistible For Everyone SPH believes in taking the arts everywhere with inspiring events that enable people from all walks of life to experience a wide range of artistic
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  • PATRON OF THE ARTS
    • 326 34  -  Giving to arts groups remained strong last year despite an uncertain economic environment. BY FRANCIS KAN DESPITE a sluggish economy, there was robust support for the arts last year, especially among individual donors who continued to give generously to their chosen artistic and
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    • 1852 34 Roundtable participants: IKwek Eik Sheng, alternate governor, Hong Leong Foundation; ITan Ping Ping, first vice-president, group strategic communications and customer advocacy, UOB; INicholas Ionides, divisional vice-president public affairs, Singapore Airlines; IGinney Lim, executive vice-president, corporate communications CSR, Singapore Press Holdings These four organisations have been
      1,852 words
    • 1230 36 Roundtable participants: I Ivan Lim, director of corporate communications, M1 I George Tanasijevich, chief executive officer and president, Marina Bay Sands They may not have been around as long as some of the veteran contributors, but these two organisations have made a big impact on the
      1,230 words
    • 691 36  -  Sing Lun Holdings chairman Patrick Lee Wants to promote Chinese culture and Values through music. BY FRANCIS KAN GROWING up in a traditional Cantonese family, Patrick Lee acquired an appreciation of traditional Cantonese opera at an early stage. “Listening to Cantonese opera always
      PHOTO: THE ESPLANADE  -  691 words



  • Page 37 Advertisements
    • 1464 37 ADVERTORIAL Spreading the spirit of the craft Golden grains of barley are transformed into liquid amber, a spirit so refined that it speaks volumes of the craft of traditional whisky-making at The Balvenie Distillery AT the heart of The Balvenie is craftsmanship, being the only distillery that still grows and
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  • BT Lifestyle
    • 1415 39  -  Higher-end condos now feature artworks for a “distinctive arrival experience” and to give residents a visual connection to home.BY home.BY ARTHUR SIM ART is not only found in museums and art galleries. These days, you can even find it on your doorstep, especially if you happen
      PHOTOS: GALERIE BELVEDERE; PHOTOS: PONTIAC LAND; PHOTOS: CAPITALAND; PHOTOS: FAR EAST ORGANIZATION, CDL  -  1,415 words
    • COVER STORY/ARTS
      • 819 40  -  Singapore is the 129th country to host the two-year touring production of Shakespeare’s Globe’s Globe to Globe Hamlet. BY CHEAH UI-HOON Hamlet.BY CHEAH UI-HOON uihoon@sph.com.sg SHAKESPEARE’S most famous play about politics opens at Capitol Theatre next week, just three days before Singapore’s polling day. By this, it ticks
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      • 524 40  -  By Avanti Nim avantin@sph.com.sg SURE, Michelangelo painted the ceiling of Rome’s Sistine Chapel, but would he have been able to create the same breathtaking piece on, say, a watch dial 44mm in diameter? Here to revitalise the genre of miniature art in a
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    • CINEMA/TV
      • 617 41  -  The Man From U.N.C.L.E. has some camp touches but is mainly middle-of-the-road Hollywood fare. BY GEOFFREY EU BY GEOFFREY EU THE Man From U.N.C.L.E. is cinema’s latest example in an active year for spy-fi films, equal parts action-comedy, retro pop-culture reference and
        617 words
      • 503 41  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THE Singapore International Film Festival (SGIFF) gave a hint of its delectable line-up this year with the announcement of its first two offerings. Both Eric Khoo’s Mee Pok Man and Yonfan’s Bugis Street will make a comeback to the
        503 words
      • 553 41  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT CATS might be a sensation on the Internet with their silly antics raking up big laughs, hits, shares and likes on social media but not all of them are natural born furry entertainers. Just ask cat behaviourist
        PHOTO: LORI FUSARO  -  553 words
      • 546 41  -  By Geoffrey Eu ME and Earl and the Dying Girl is an upbeat coming-of-age film about unlikely friendships, growing up and by the way dying with dignity. But this is not your average three-hanky tragedy. Instead, it will induce more laughs than tears. Going for
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    • ARTS
      • SINGAPORE INTERNATIONAL FESTIVAL OF ARTS
        • 615 42  -  Wild Rice’s Hotel a five-hour epic spanning 100 years of Singapore, is one of the best plays in our theatre history. BY HELMI YUSOF helmi@sph.com.sg @HelmiBT WILD Rice’s Hotel is one of the most ambitious and richly-imagined plays in the history of Singapore theatre. It’s a milestone
          PHOTO: ALBERT LIM KS  -  615 words
        • 400 42  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT TO see Margaret Leng Tan wear a clown nose, clutch a toy dog and tinkle the ivories of her toy piano is to understand what it’s like to live life without giving a toss what anyone thinks of you. Tan, who’s 70,
          PHOTO: KONG CHONG YEW  -  400 words
        • 426 42  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT CIRCUSES are popular spectacles designed to make our jaws drop and eyes pop. We sit in awe as acrobats, tight-rope walkers, fire-eaters, human cannonballs and other assorted performers mesmerise us with their daredevilry. The experience is visceral and rarely
          PHOTOS: TUCKYS PHOTOGRAPHY  -  426 words
      • 624 42  -  By Emilyn Ang AN urban landscape. A horseshoeshaped ping-pong table. Madonnas in a fantastical garden wonderland. These are just three of the 24 artworks making their debut as a Singapore collective in London next week to celebrate Singapore’s golden jubilee of independence.
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    • CITY LIFE
      • 938 43  -  Outdoor yoga, music and dance festival Soulscape is back with a bigger line-up and has something for everybody in the family. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg WEEKENDS are supposed to be relaxing, a welcome break from the fast-paced hustle of weekdays. Sometimes, though, wracked
        PHOTOS: INTHELOOP  -  938 words
      • CITY BUZZ BT writers'picks of what to see, do or talk about
        • 244 43  -  By Tay Suan Chiang DINING Wagokoro Hide Yamamoto FANS of Japanese chef Hide Yamomoto can now dine at his third eatery in Singapore, this time located at Robertson Quay. Chef Yamomoto has two other restaurants in Marina Bay Sands. Called Wagokoro Hide Yamamoto, the cosy restaurant which sits
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        • Article, Illustration
          106 43  -  CONCERT By Tay Suan Chiang NO plans yet for Saturday night? How about going for a free concert at the Singapore Botanic Gardens? After two successful editions, PianoBotanica returns this time featuring Brazilian duo Bastos Borges (right). Both flautist Joao Bastos and pianist Yara Borges have performed extensively across
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        • Article, Illustration
          171 43  -  T PianoBotanica is on Sept 6 at Singapore Botanic Gardens, Shaw Foundation Symphony Stage from 6 to 7pm SINGAPORE INTERNATIONAL FESTIVAL OF ARTS By Helmi Yusof FANS of classical music would be remiss if they didn’t catch this special recital of Franz Schubert’s 1827 song cycle Winterreise (Winter Journey).
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        • 180 43  -  COMEDY By Dylan Tan BEST known for his UK television series Black Books (2000-2004) which he wrote and starred as a moody shopkeeper, stand-up comedian Dylan Moran (below) brings his Off the Hook tour to Singapore for one night only on Saturday.
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        • 195 43  -  DRINKS By Rachel Loi LOVE your gin and tonic? Then you’ll be glad to hear that you have a good reason to try a different one almost every day next week at the third annual East Imperial Gin Jubilee. As the biggest gin and tonic celebration
          PHOTO: EAST IMPERIAL RICHARD CHEN  -  195 words
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  • Page 41 Miscellaneous
    • 323 41 CRYPTIC CROSSWORD Across 1 Pass very large southern American figure of epic size (8) 6 Heading west, shooter needs to grab some gold (6) 9 Current group of pupils (6) 10 A comment found about largely neat remedy (8) 11 Poor clot that’s violated etiquette (8) 12 Footballing action in
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