The Business Times, 8 September 2015

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Total Pages: 28
1 28 The Business Times
  • 34 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 Slh A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [1 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Tuesday, September 8,2015
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  • 25 1 MARKETS Monday Change STI 2,852.41 -11.40 KL COMP 1,582.85 -6.31 NIKKEI 225 17,860.47 +68.31 HANG SENG 20,583.52 -257.09 SHENZHEN B 1,031.09 +6.68 DOW Closed
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  • Article, Illustration
    259 1 Frankfurt-listed Rocket Internet, which aims to be the world’s largest Internet business builder outside the US and China, plans to launch a new company in the Asia-Pacific each quarter. This will be done through its Singapore-based spin-off, Asia-Pacific Internet Group. TOP STORIES 5 Putrajaya’s move to pressure traders
    259 words
  • 936 1  -  Study says home prices could fall 30 per cent by 2040, but analysts say investment and immigration flows will support prices, mitigate effect of ageing, less dynamic population By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore IT is a hypothesis that could colour the common perception
    Source: NUS IRES  -  936 words
  • 607 1 Securities regulator considering circuit breaker for stock indexes REUTERS Shanghai ATTEMPTS by Chinese policymakers and regulators to soothe the country’s jittery markets with promises of financial market reforms and assurances that the economy is stabilising had limited impact on Monday, with stocks
    REUTERS  -  607 words
  • Page 1 Advertisements
    • 30 1 8 "*****1 *****4 FURNITURE INDUSTRY Design, branding pay off SME/28 SDP PROPOSALS WON’T WORK, SAYS VIVIAN REDRAWING BOUNDARIES COST TOWN COUNCILS MONEY: SYLVIA LIM SINGAPORE ELECTION, PAGES 2 AND 4
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    • 158 1 TOP LEVEL CHANGES StanChart S’pore names new CEO TOP STORIES 4 EGM Nobel Design dispute drags on COMPANIES MARKETS 6 Deutsche Bank By invitation db.com 5th Annual Women in Asian Business Conference Men Matter September 22, 2015 'p&r-fhYm. The fifth edition of Women in Asian Business Conference will showcase an
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    • 10 1 CHINA’S TRANSITION Risks and opportunities for S-E Asia OPINION 25
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  • TOP STORIES
    • SINGAPORE GENERAL ELECTION
      • 850 2  -  Other PAP candidates for Holland-Bukit Timah also point out why SDP proposals won’t work By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE greater threat that Singapore faces is stagnation, ageing and shrinkage, not the threat of the population potentially growing to 6.9
        PHOTO: LIM SIN THAI / THE STRAITS TIMES  -  850 words
      • 714 2  -  These out-of-pocket costs ‘put the burden of health insurance on the young’ By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Democratic Party (SDP) candidate Paul Tambyah highlighted gaps in the upcoming MediShield Life scheme and addressed concerns raised by Deputy Prime Minister (DPM)
        PHOTO: KEVIN LIM / THE STRAITS TIMES  -  714 words
      • 195 2 TIME 12-2 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 7-10 pm 7-10 pm 7-10 pm CONSTITUENCY RALLY SITE Promenade area beside UOB Plaza Field of Former Hong Kah Primary School, 1 Bukit Batok West Avenue 2 Woodlands Stadium,
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      • 662 2  -  She criticises SDP for using emotions and populist policies to sway voters By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE People Action Party’s (PAP) policies are based on core values such as meritocracy, multi-racialism, self-reli-ance and honesty, said Grace Fu, the party’s
        PHOTO: YEO KAI WEN/THE STRAITS TIMES  -  662 words
      • 828 4  -  WP chairman also says ministerial salary pegs, bigger GRCs and penalising opposition wards in upgrading were bad policies ESM Goh introduced when he was PM By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore RUNNING through grievances over how electoral boundaries in the Marine Parade
        PHOTO: JAMIE KOH/THE STRAITS TIMES  -  828 words
      • 557 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE government can do more to utilise Singapore’s reserves for social spending, said Singaporeans First (SingFirst) secretary-general Tan Jee Say on Monday night. Speaking at the party’s third rally, Mr Tan said that the government should distribute
        PHOTO: MATTHIAS HO/ THE STRAITS TIMES  -  557 words
    • 631 4  -  She’s currently group head, wealth management; her appointment part of top-level changes By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore STANDARD Chartered Bank Singapore has appointed Judy Hsu its chief executive officer, effective Oct 1, 2015. Ms Hsu will replace Neeraj Swaroop, current
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    • 442 5  -  APACIG, a JV between Rocket and Ooredoo, to develop online solutions for region’s diverse markets By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore FRANKFURT-listed Rocket Internet, which aims to become the world’s largest Internet business builder outside the US and China,
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    • 659 5  -  They say it will be difficult for them to do so unless their suppliers lower prices By Pauline Ng btworld@sph.com.sg Kuala Lumpur PUTRAJAYA’S move to pressure traders and restaurant operators to reduce prices of their goods and food and
      PHOTO: BLOOMBERG  -  659 words

  • Page 3 Advertisements
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  • COMPANIES & MARKETS
    • 786 6  -  Fractious EGM prompts question of whether the best way out is for company to make a buy-out offer to founder By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore COULD furniture company Nobel Design ultimately end up having to buy out its founder and single largest shareholder Bert
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    • 300 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore YUUZOO Corp has secured a S$30 million funding facility for the next three years from New York-based private alternative investment group GEM Global Yield Fund. The facility will be in the form of a capital commitment that will allow
      300 words
    • 502 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE outlook for the gaming industry in Singapore and Malaysia remains stable despite slipping tourist arrivals, shrinking VIP business and lower win rates, said an international rating agency. The gaming industry in both countries has
      502 words
    • 443 7 Talks between the three parties said to be ongoing and a deal, possibly valued at US$4-5 billion, could be reached before the end of the year BLOOMBERG London SINGAPORE’S Temasek Holdings has teamed up with Saudi Arabia’s Savola Group to bid for Middle
      BLOOMBERG  -  443 words
    • 680 7 BLOOMBERG Hong Kong CHINA’S economic slowdown and market crash often evoke comparisons with Japan’s bust in the 1990s, a period that saw the world’s sec-ond-largest economy of the time tip into prolonged stagnation. Both economies experienced rapid,
      BLOOMBERG; PHOTO: AFP  -  680 words
    • CORPORATE DIGEST
      • 44 7 QT Vascular has received CE mark clearance in Europe for its Chocolate Touch peripheral drug-coated balloon catheter, the medical-device maker announced on Monday. Commercial launch in countries that accept the CE mark is expected to begin later this year, said QT vascular.
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      • 36 7 raffles Medical Group is opening its first medical centre in Japan. The 5,400-sq-ft facility to be opened in Osaka will be in the city's prime central business district near the Umeda train station.
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      • 64 7 blumont Group has cut the price for its proposed rights offering to 0.2 Singapore cent per rights share from 0.675 Singapore cent per rights share because of recent market conditions, the mining company said on Monday. Blumont is offering one rights share for every two existing shares held.
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      • 70 7 GEO Energy Resources was not aware of any undisclosed reasons that could explain a 15.3 per cent drop in its share price on Monday, the coal mining company announced after the market closed. The company received a trading query from Singapore Exchange during the day as its
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    • 736 8  -  The 11.4-point loss was dictated by China’s stock markets and the futures contract on the Dow Jones Industrial Average TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Monday drifted to an 11.4-point loss at 2,852.41 in a weak session.
      Source: Bloomberg  -  736 words
    • 305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 216 -1 219/216 271 214 6.8 5465.6 CapitaLand 273 -2 274/271 379 271 10 3.3 *****.5 CapitaMall Trust 188.5 -1 189.5/186 228 184.5 5.8 6541.7 CityDev 825 -12 840/825 1095 825 9.9
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    • 34 8 VOLUME StratechGroup 65,140,300 Ezra 57,994,200 Yuuzoo 56,243,800 IHC 44,301,600 Global Logistic 29,757,000 Market volume 1,021,542,000 VALUE DBS Grp 103,046,166 Singtel 70,830,504 Global Logistic 59,822,298 OCBC Bank 58,093,768 UOB 56,855,841 Market value 842,772,000
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    • 77 8 Sep 7 VALUE CLOSE BT OB/OS 138.00 +308.00 BT CADI -*****.00 -124.00 BT 10-day MA -*****.00 +14.00 FTSE ST Mid Cap 656.11 -4.77 FTSE ST Small Cap 395.19 -2.17 FTSE ST All Share 683.80 -3.15 FTSE ST China Top 162.71 -1.85 FTSE ST China 198.05 -1.58 FTSE
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    • 34 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 7,2015 683.80 -3.15 (-0.46%) Current streak 2 days Day high 686.12 Day low 680.62 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24,2015)
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    • 33 8 STI MSCI EAFE MSCI EAFE index Sept 4,2015 1,671.12 -32.93 (-1.93%) Current streak 1 day Day high 1,709.88 Day low 1,669.90 52-week high 1,949.49 (May 15, 2015) 52-week low 1,671.12 (Sept 4, 2015)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 2 0 0 0 2 7 2 Manufacturing 22 56 24 5 10 7 27 66 31 Commerce 15 16 16 2 6 3 17 22 19 Tpt/Stor/Comms 8 21 4
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    • 115 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,741 10,741 36,808 36,808 Manufacturing 127,034 15,009 142,043 82,982 788 83,770 Commerce 40,815 10,864 51,679 44,304 543 44,847 Tpt/Stor/Comms 126,090 2,536 128,626 122,852 196 123,047 Finance 21,081 21,081 230,538 230,538 Construction 9,844 2,372 12,216 565
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    • 77 8 BY CENTS CLOSE UP 52w high/low DBXT AUDBonds AU$ ***** 403.5 2.0 *****/***** Hyflux 6% CPS ***** 40.0 0.4 *****/***** DBXT S&P500 US$ 3307 39.9 0.9 3626/3097 JSH USD 2793 30.0 0.8 3765/2706 DBXT S&P Short US$ 2297 27.1 0.8 2497/2104 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2
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    • 74 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 4640 -111.2 -1.7 6456/4478 DBXT MSAsExJp US$ 2981 -109.8 -2.5 4064/2973 JMH USD 4872 -68.5 -1.0 6788/4620 DBXT MSINDO US$ 1026 -57.0 -3.8 1525/972 Jardine C&C 2892 -57.0 -1.9 4332.9/2670 BY PERCENTAGE CLOSE DOWN 52w high/low ISR Capital 0.5 -50.0
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    • 82 8 VOL CLOSE($) CHANGE AEM 55.0 0.250 -0.060 -19.36 HG Metal 3,630.0 0.043 -0.006 -12.25 Leader Env 180.2 0.032 -0.013 -28.89 Suntar Eco-City 193.0 0.070 +0.015 +27.27 Great Group 28,091.6 0.016 -0.003 -15.79 Cordlife 12,467.1 1.275 +0.055 +4.51 World Precision 389.0 0.300 -0.015 -4.76 Shangri-La HKD 22.5 7.100 -0.300
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    • 485 8  -  Compiled by Kenneth Lim ComfortDelGro Corp Hold Sept 7 close: S$2.79 Fair value: S$2.99 OCBC Investment Research, Sept 7 Singapore’s Transport Minister announced on Aug 3 a potential reduction in bus and train fares by up to 1.9 per cent effective end-FY15 for a one-year period to reflect
      485 words
    • 109 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US655 -9 747 664/651 1000/651 652/655 81.9 STI ETF 291 527 291/288 355/287 290/291 UETF SSE50China 205 -9 68 220/205 340/151 202/205 64.1 CIMB APAC Div US$ US79.9 -1.1 40 79.9/79.9 110.2/79.7
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    • 395 9 CURRENCIES REUTERS London THE dollar rose against the safe-ha-ven yen and Swiss franc on Monday, regaining some poise as European and Japanese stock markets started the week with gains that underpinned risk sentiment. Volumes are expected to wane later in the
      REUTERS  -  395 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Sep 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.919 4.416 0.621 5.375 46.312 98.814 0.827 8.349 3.003 1.104 72.278 32.555 0.989 9.637 0.674 22.703 25.020 0.456 0.694 Canada 1.088 4.805
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      • Article, Illustration
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      • Article, Illustration
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      • 155 9 Sep 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9890 0.9896 0.6935 0.6936 Canadian dollar 1.0761 1.0768 0.7548 0.7545 Euro 1.5915 1.5928 1.1160 1.1164 NZ dollar 0.8956 0.8967 0.6280 0.6285 Sterling pound 2.1687 2.1702 1.5207 1.5211
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      • 22 9 Sep 7 S$ Bid Offer 1-month 1.4281 1.4290 2-months 1.4302 1.4312 3-months 1.4314 1.4325 6-months 1.4348 1.4360 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 401 9 Sep 7 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9075.00 9752.50 9062.50 9155.00 *****3 *****1 Oct15 8912.50 9505.00 8880.00 8927.50 2896 2356 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****8 *****0 Dec15 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
        401 words
      • 199 9 Most active Sep 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 8000 MBePW*****7 12.9 0.6 ***** 0.0 --2 FTSEChinaA50 ***** MBeCW*****6 12.5 ***** 0.0 --5 DBS MB eCW*****1 14.9 -0.4 ***** 0.1 1860 5 FTSEChinaA50 8500 MBePW*****6
        199 words
      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 4 Index Change Change Change Change Change Change World Preliminary 1218.6 -1.6 -4.5 -1.1 0.3 -1.6 -6.6 EAFE Preliminary 972.4 -2.0 -1.5 -1.5 1.1 -1.9 -5.8 Europe Preliminary 1365.9 -2.4 -1.1
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    • BANK RATES
      • 36 9 Sep 7 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.***** SOUTCBC THOMSON RBLKBTS
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      • 154 9 Sep 7 $S Offer Bid 0vernight 0.08 0.03 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.08 US$ 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
        154 words
      • 67 9 GOVERNMENT BONDS Sep 7 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.98 102.08 102.03 5-Year N*****0S 2.000 01-Jul-20 98.96 99.35 99.12 10-Year NX*****Z 2.375 01-Jun-25 95.91 96.50 96.10 15-Year NZ*****F 2.875 01-Sep-30 96.73 96.88 96.88 20-Year NZ*****V 3.375 01-Sep-33 102.82
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    • AGRI METALS ENERGY
      • 193 9 Sep-4 Price Net change change Last Trade Agricultural Sep-4 CBOT Soybeans (US cents/bu) 877.25 -2.50 -0.28% 14/09/2015 CBOT Soybean Oil (US cents/lb) 26.44 -0.32 -1.20% 14/09/2015 CBOT Wheat (US cents/bu) 457.75 1.25 0.27% 14/09/2015 Sep-4 LIFFE Cocoa (£/tonne) 2133.00 42.00 2.01% 15/09/2015 LIFFE Coffee (US$/tonne) 1589.00 4.00 0.25%
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      • 53 9 Sep 7 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 1955.0 1967 Oct 15 1971.0 2000.0 2002.0 1958.0 1272 ***** Nov 15 2021.0 2048.0 2054.0 2004.0 ***** ***** Dec 15 2066.0 2101.0 2103.0 2057.0 6772 *****
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    • 1163 10  -  Behind the traditional hawker fare of GD Group co-founded by Ven Chin and Ricky Shawn Lim lie modern processes that help the restaurant chain grow By Raphael Lim btnews@sph.com.sg Singapore IN a country known globally as a foodie’s paradise, aspiring restaurateurs in Singapore often
      PHOTO: SHAWN TEO  -  1,163 words
    • 1811 11 Transaction date: Sep 7 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit LOW Company 183 139 ARA Asset Mgmt 140 -1 1162 140.5 139
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    • 321 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale +7vol (’000) High Day LOW Div 1 0.2 t Annica GrYld Net P/E MCap 35 20 t SCnergy 20 29.5 18 t CNMC Goldmine 19.5 -0.1 41 19.8
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    • 131 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 110.2 79.7 CIMB APAC Div US$ US79.9 -1.1 40 79.9 79.9 8.4 1440 1088 CIMBASEAN40 S$D 1121 +2 0 1121 1121 1103 768 CIMBASEAN40 US$ US774 -10 4 774
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  • Page 7 Advertisements
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    • 71 10 THE PEAK SELECTIONS GOURMET TRAVEL THE PEAK'S AUTHORITATIVE GUIDE TO THE BEST THE PEAK’S AUTHORITATIVE GUIDE TO THE BEST OF WINING,DINING AND GLOBETROTTING OUT NOW AVAILABLE AT KINOKUNIYA, MPH TIMES BOOKSTORE. FIND OUT WHO’S MAKING WAVES IN THE LOCAL DINING SCENE. IS SINGAPORE THE NEXT CAPITAL OF SWEET? THE PEAK
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    • 176 10 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.
      176 words

  • Page 11 Advertisements
    • 80 11 SGX== SGX My Gateway Stay informed about Singapore’s stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or
      80 words

  • REAL ESTATE
    • 436 12 Fund to target mass-affluent shopping malls and grade “A” and “B” offices in first-tier and selective second-tier cities Hong Kong BLACKROCK Inc is ready to increase its China real estate portfolio exposure as it sees good entry points following the weakness in
      PHOTO: REUTERS  -  436 words
    • 267 12 BLOOMBERG Dubai FEARS of a crisis in the United Arab Emirates real estate market are “overblown” because the impact of weaker currencies and slowdown in transaction numbers is lower than reports suggest, HSBC Holdings plc said. Transactions fell by 15 per cent in the
      BLOOMBERG  -  267 words
    • 159 12 BLOOMBERG London HOME values in prime central London rose by the least in more than five years as higher taxes damped demand and Chinese buyers were deterred by their currency’s devaluation. Prices climbed 1.7 per cent in the year through
      BLOOMBERG  -  159 words
    • 271 12 AFP Tokyo ARCHITECT Zaha Hadid will take another crack at designing Tokyo’s 2020 Olympics stadium, her Japanese business partner said on Monday, after an initial proposal was scrapped due to its eye-watering US$2 billion price tag. Prime Minister Shinzo Abe shocked Olympic organisers in
      AFP  -  271 words
    • 348 13 Residential prices may start to fall by 5-10 per cent annually from 2016 BLOOMBERG Hong Kong HONG Kong’s property prices may correct next year after reaching a record high, as an economic slowdown in China and Hong Kong starts to weigh on
      BLOOMBERG; PHOTO: REUTERS  -  348 words
    • 282 13 BLOOMBERG Stockholm HALF a million people are now in line for apartments in Stockholm. That’s a number that’s likely to cause nightmares at Sweden’s central bank that has been forced to go all out in defending its inflation target. The worsening housing
      BLOOMBERG  -  282 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 397 13 77 Robinson Road A 35-storey office tower with retail on ground floor Commanding frontage of 90m along Robinson Road Net lettable area of 293,818 sf approx. Large and efficient column-free floor plates Generous carpark provision Excellent opportunity for value creation through asset enhancement Highly accessible with 4 MRT stations within
      397 words
    • 364 13 CBD COMMERCIAL BUILDING FOR SALE fkfSammi Lim Low Choon Sin (CEA Reg No.: R*****9J) (CEA Reg No.: R*****5H) Tel: 9368 9803 Tel: 9841 0006 The Prospex *108 Middle Road Site Area: Approx. 489 sq m 5,264 sq ft GFA: Approx. 3,884 sq m 41,806 sq ft 9-Storeys. Newly TOP-ed in
      364 words
    • 292 13 FOR SALE BY TENDER Address Description Lease Tenure Land Area Gross Floor Area Master Plan Zoning Tender Closing Date 22 Senoko Way, Singapore *****4 2 nos. detached food factory with chillers/cold room facilities and a 2-storey ancillary office building. JTC Leasehold 30 30 years from 1 Mar 1990 Approx. 14,807.20
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  • BANKING & FINANCE
    • 375 14 BIOOMBERG Reykjavik ICELAND’S Landsbankinn is planning this year to begin refinancing as much as 200 billion kronur (S$2.2 billion) of debt issued to its failed predecessor Landsbanki Islands (LBI), both helping the country lift its capital restrictions and reducing its cost of
      BIOOMBERG  -  375 words
    • 885 14 The State Administration of Foreign Exchange hasn’t granted new allocations since March BLOOMBERG Shanghai CHINA refrained from granting new quotas for residents to invest in overseas markets for a fifth month in August, the longest halt in six years, as authorities
      BLOOMBERG; PHOTO: REUTERS  -  885 words
    • 544 14 REUTERS Kuala Lumpur MALAYSIA aims to become a “high-in-come status” nation by 2020, but the number of its young people grappling with higher debts than they can handle is on the rise. Members of Gen Y who borrow to buy
      REUTERS  -  544 words
    • 627 14 issue is not expected soon as market reels from stock crash and yuan revaluation IFR Hong Kong INDONESIA is mulling its first sovereign bond in the offshore renminbi market, in a move that comes amid growing concerns over
      IFR  -  627 words
    • TOWARDS A SMART NATION
      • 1764 15  -  People today have to be prudent with the resources they use to build smart technology in cities By Dr Lim Wee Kiat, Dr Kim Hyungkyoo Dr Lim and Dr Kim are Research Fellows at the Lee Kuan Yew Centre for Innovative Cities (LKY CIC), SUTD. IF technology
        Source: Figures from Department of Statistics website (www.singstat.gov.sg); Source: Refuse disposal figures from National Environment Agency website (www.nea.gov.sg); Energy harvesting: Human traffic generating power  -  1,764 words
      • 399 15  -  By Mint Kang Energy empowers innovation. Power does not only bring it to life but drives its very purpose and helps to deliver the benefits. And then there is the crucial issue of stability. A stable power supply reduces the incidence of interruption to transportation, medical and
        399 words
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  • Page 15 Advertisements
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  • ENERGY & COMMODITIES
  • Page 16 Advertisements
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  • TECHNOLOGY
    • 998 17 The revamped device for living rooms, similar to a set-top box, will share spotlight with iPhone at the tech giant’s San Francisco event NYT San Francisco APPLE is finally getting serious about pushing into our living rooms. That ambition will be underlined
      NYT; PHOTO: REUTERS  -  998 words
    • 472 17 BLOOMBERG Tokyo TOSHIBA Corp posted an annual loss and restated earnings for the previous six years as it tries to recover from an accounting scandal that led to the ouster of its president and two predecessors. The net loss was
      BLOOMBERG; PHOTO: REUTERS  -  472 words
    • 376 17  -  REUTERS BREAKINGVIEWS By Quentin Webb REUTERS Hong Kong TOSHIBA can regain some of its lost value through streamlining. The scan-dal-hit Japanese electronics group has finally produced figures for the last financial year, reporting a net loss of 37.8 billion yen (S$453 million), and
      REUTERS  -  376 words
    • 162 17 REUTERS New York GOOGLE Inc’s YouTube is planning to provide advertisers with data on how many of the ads on its Internet video service can be seen by viewers, in response to advertiser complaints, according to the Financial Times. The online story,
      REUTERS  -  162 words
  • Page 17 Advertisements
    • 286 17 Quay RIVERINA MELBOURNE AUSTRALIA NEW INTERNATIONAL RELEASE It W -F**w*. Computer Generated Image 1 BED FROM AUD 295,000* 2 BED FROM AUD 425,000* 3 BED FROM AUD 485,000* CAPITALIZE ON LOW AUD Melbourne home to an international arts scene, rolling parklands and sweeping city view is perfectly perched on the
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  • CONSUMER
    • 867 19 What’s popular in S Korea sweeps across Asia due to the Hallyu or Korean Wave AFP Seoul MOVE over Hong Kong, Tokyo and Singapore. Seoul is emerging as Asia’s new fashion showcase, with the world’s top luxury firms seeking to cash in on
      AFP; PHOTO: AFP  -  867 words
  • Page 19 Advertisements
    • 524 19 SING, HU/V SUM/ m People Strategies for Asia: A TRANSFORMING GROWTH Asia's premier human capital and leadership conference Back for its seventh year, the 2015 Singapore Human Capital Summit will feature a world-class line-up of speakers, sharing actionable insights and innovative best practices for effective people strategies in Asia. Network
      524 words

  • TRANSPORT
    • 399 20 NYT New York FEDERAL regulators have indicated they are worried that Nissan’s recall last year of almost one million vehicles did not correct a malfunction of the passenger airbag, raising the possibility that the automaker might have to recall the vehicles again. The
      NYT  -  399 words
    • 767 20 Its valuations and lease rates jump amid cheap fuel and Delta’s decision to replace small regional jets WP Washington NINE years after production ended for Boeing Co’s 717 jetliner, the former sales dud is one of the most
      WP; PHOTO: BLOOMBERG  -  767 words
    • 452 20 REUTERS Frankfurt GERMAN pilots’ union Vereinigung Cockpit (VC) has called an all-day strike for Tuesday at Lufthansa’s long-haul and cargo flights, increasing pressure on management in a long-running dispute over pay, retirement benefits and cost cuts. The union said on Monday the
      REUTERS  -  452 words
    • 504 20 BLOOMBERG London TURKISH Airlines said it may strengthen its relationship with Star Alliance partner Deutsche Lufthansa AG in a move that could help the German carrier stem a shift in market share to fast-growing rivals in the Persian Gulf. “There
      BLOOMBERG; PHOTO: BLOOMBERG  -  504 words
    • 472 20 AFP Moscow BY acquiring its struggling rival Transaero, Russia’s largest airline Aeroflot is likely to find itself in a tight spot with an additional debt burden and a fleet of ageing aircraft, analysts said. State-controlled Aeroflot announced last week its purchase of 75
      AFP  -  472 words
    • 825 26 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
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  • Page 20 Advertisements
    • 50 20 111 c FACILITIES MANAGEMENT I I I LEADING REGIONAL FACILITIES MANAGEMENT EXHIBITION Kf ilH Jvlahagementifa AIf A PREMIUM SPACES AVAILABLE! Contact us today at fmse@sph.com.sg or call +65 6590 3415 Visit www.fmse.com.sg for more information! :l il\4L fli Organised by: Co-located with: sphere 1111 facilities management 1 Nl_ CONFERENCE 2016
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  • Page 21 Advertisements
    • 4847 21 In order to avoid any violation of laws applicable in countries other than Singapore, the Consent Solicitation Statement has not been and will not be mailed to Noteholders who do not presently have an address in Singapore (“Foreign Noteholders”). Foreign Noteholders who wish to obtain a copy of the Consent
      4,847 words

  • GOVERNMENT & ECONOMY
    • 790 22 New number remains lowest since 1990; Beijing says its own stock exchanges are stabilising following “bubbles” and painful corrections AFP Beijing CHINA on Monday lowered last year’s economic growth figure to 7.3 per cent after concerns about slowing expansion caused global market
      AFP; PHOTO: REUTERS  -  790 words
    • 344 22 REUTERS Berlin SENTIMENT in the eurozone weakened more than expected in September as a slowdown in China weighed on growth expectations, particularly in Europe’s largest economy Germany, a survey showed on Monday. Sentix research group’s index tracking morale among
      REUTERS  -  344 words
    • 806 22 AFP Berlin GERMANY pledged an extra six billion euros (S$9.6 billion) on Monday to help the record numbers of desperate refugees crossing its borders, with France vowing to take in 24,000 over the next two years. Chancellor
      AFP; PHOTO: REUTERS  -  806 words
    • 314 22 REUTERS Tokyo A SENIOR official at the Organisation for Economic Co-operation and Development (OECD) said on Monday that it was too early to interpret China’s recent yuan devaluations as an attempt to boost exports to drive economic growth. OECD deputy
      REUTERS  -  314 words
    • 705 22 BLOOMBERG REUTERS Tokyo THE Bank of Japan’s (BOJ) confidence in underlying economic growth is wavering in the face of evidence of weakness, making officials cautious about the outlook for a pick-up in inflation, according to people familiar with the
      BLOOMBERG; REUTERS  -  705 words
    • 540 23 Unit comes under fresh pressure on Monday from decline in Brent crude, narrowing in oil-exporter’s trade surplus BLOOMBERG Kuala Lumpur MALAYSIA’S ringgit dropped to a new 1998 low and stocks fell as sentiment continues to sour for emerging-mar-ket
      BLOOMBERG  -  540 words
    • 873 23 BLOOMBERG London MARIO Draghi’s stimulus programme hasn’t quite succeeded at unleashing the desired animal spirits across Europe. Here’s the evidence: six months in, and 96 per cent of companies in the Euro Stoxx 50 Index have actually become cheaper relative to earnings.
      BLOOMBERG; PHOTO: REUTERS  -  873 words
    • 870 23 BLOOMBERG Kuala Lumpur ROCKED by a political scandal and falling oil prices, Malaysia has been dominating headlines in recent months as the ringgit leads a drop in Asian currencies. That’s taken the spotlight off the economy of neighbouring Indonesia, which Standard
      BLOOMBERG  -  870 words

  • Page 23 Advertisements
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    • 25 23 SELL YOUR CAR YOURSELF POST AN AD FOR FREE! VISIT WWW.STCARS.SG NOW! Buy, sell or rent. At www.STCars.sg, your ideal car isn’t hard to find.
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    • 135 23 SEPTEMBER ISSUE OUT NOW! GOOGLE LUNAR XPRIZE: A NEW ERA IN SPACE SI N G A P O R E SEPTEMBER 2015 S$6.90 WWW.HARDWAREMAG.COM WIN! More than $13,000 prizes when you subscribe now .From Klipsh and Red Monster E X P L O R I N G N E W
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  • OPINION
    • 581 24 EDITORIAL THE so-called “migrant crisis” facing western Europe has laid bare the duplicity of its dealings with the Middle East. From the Sykes-Picot borders of the Mideast world drawn up after World War I to more recent interventions in Iraq,
      581 words
    • 874 24  -  THE BOTTOM LINE By Anthony Rowley A CERTAIN angst permeates the global economy as it wanders aimlessly between fits of optimism and pessimism. Markets are up one day and down the next, economic data looks good one day and then
      874 words
    • 1195 24  -  Rhetoric by Republican candidates could suggest the party is less tolerant of racial minorities By Leon Hadar IN the aftermath of the defeat of their candidate in the 2012 US presidential race, Republicans decided to conduct an “autopsy” of their performance in the elections
      PHOTO: AFP  -  1,195 words
    • 876 25  -  COMMENTARY By Manpreet Gill T The writer is head of Fixed Income, Currency and Commodities strategy at Standard Chartered’s Wealth Management unit “GOLD gets dug out of the ground in Africa, or someplace; then we melt it down, dig another
      876 words
    • 491 25  -  COMMENTARY By John Nugée T The writer is a director of the Official Monetary and Financial Institutions Forum (OMFIF) OMFIF A COMMON market axiom is: “Nothing ever happens in August”. In fact, this has often been proved wrong, from the start of the financial
      OMFIF  -  491 words
    • 355 25  -  LETTER TO THE EDITOR Natarajan A YOUR recent editorial (The Business Times, Sept 2) on the Singapore Exchange’s MTP initiative is indeed a timely reminder for all in the industry to pause and reflect on the underlying motives behind this
      355 words
    • 948 25  -  While Beijing may increase sabre-rattling in South China Sea, rising wages in the country offer an opportunity to capture greater share of global manufacturing. BY FRASER THOMPSON wages manufacturing.BY FRASER THOMPSON T The writer is director of AlphaBeta in Singapore THE substantial
      PHOTO: AFP  -  948 words


  • Page 26 Advertisements
    • 180 26 PLACE YOUR AD HERE the business times SHIPPING TIMES CALL JOE WONG AT 9620 1327 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? Ti ie Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Delivery Ot NewbuildsW Come publicise your
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  • LIFE & CULTURE
    • 345 27 REUTERS New York A WEEKEND screening of Steve Jobs, a biopic about Apple Inc’s famous co-founder, drew high praise from some reviewers and suggestions that actor Michael Fassbender could be an Oscar contender for his portrayal of Mr Jobs. While the
      REUTERS  -  345 words
    • 785 27 She will inaugurate a new railway and host a dinner at Balmoral Castle; a photo exhibition of her reign and launch of £20 coin are also planned AFP London QUEEN Elizabeth II is planning to keep things low-key on Wednesday, when she
      AFP; PHOTO: AFP  -  785 words
    • 729 27 Locals are finding ways to feed poor with unsold food from shops and restaurants that was headed for the bin AFP Athens WITH little end to their economic misery in sight, Greeks are finding inventive ways to feed the poor while also fighting
      AFP; PHOTO: AFP  -  729 words
  • Page 27 Miscellaneous
    • 331 27 CRYPTIC CROSSWORD Across 4 Boring period in which to get sore troubled (8) 8 Huff and puff about editor being a dogmatic person? (6) 9 Small number entertained by English comedian being cheap (8) 10 Element that’s faulty in lamp unit (8) 11 Mildness of one in austere period beginning
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  • SME
    • 1562 28  -  The industry is shaking off its image as old-fashioned and traditional and in the process side-stepped the succession planning problem.BY problem.BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT Singapore Succession planning is more often than not one of the top three concerns of towkays. Particularly so,
      PHOTO: SHAWN TEO  -  1,562 words
    • 1234 28  -  BY Ho wen Qi Jane, Tan E-yang and Tan ze shan T The writers are students at NUS Business School Singapore JUST 15 years ago, cashless parking systems did not exist. The older generation may recall traditional parking systems,
      PHOTO: SHAWN TEO  -  1,234 words