The Business Times, 22 September 2015

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Microfilm: NL33614
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    33 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 Tuesday, September 22,2015
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  • Article
    Lock icon DAILY DIGEST
    153 1 The Singapore Chinese Chamber of Commerce and Industry says that SMEs are not yet feeling the impact of productivity efforts. TOP STORIES 2 UBS says that the US Federal Reserve has held itself hostage to financial markets which are, in turn, misreading economic data that have been revised
    153 words
  • Article, Illustration
    Lock icon Tougher to window-dress STI with Jardine departure
    767 1  -  But improved liquidity could see development of more STI-based instruments: analysts By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WITH just about a week to go before the end of a dismal quarter, wouldbe window-dressers in the Singapore stock market may have been feeling nostalgic
    Source: Bloomberg  -  767 words
  • Article
    Lock icon MARKETS
    27 1 MARKETS Monday Change STI 2,882.21 +2.68 KL COMP 1,639.47 -29.98 NIKKEI 225 CLOSED HANG SENG 21,756.93 -163.90 SHENZHEN B 1,043.32 +2.25 DOW (11.45 EDT) 16,509.69 +125.11
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  • Article, Illustration
    Lock icon Singapore seeds another S$40m to power economic transformation
    1051 1  -  The sum is for VC funds investing in tech startups, so that such companies develop around large local enterprises By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A SUM of S$40 million has been set aside by the Singapore government for the third Early-Stage
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  • Page 1 Advertisements
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      16 1 8 "*****1 *****4 WAREHOUSE BUSINESS Homegrown Kim Soon Lee group buys Tuas warehouse REAL ESTATE 13
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      24 1 GREECE Bonds rise after Syriza’s win TOP STORIES 4 JOINING THE FAMILY FIRM Only 1 in 5 grads keen to do so sme 28
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      163 1 CURRENCY VOLATILITY More medium-sized companies hedging FX risk TOP STORIES 2 T Continued on next page SGX CLOSING PRICES in response to growing interest in stock investing, BT is collaborating with SGX to publish closing prices of SGX-listed stocks in the Companies and Markets section page 12 Immediate Occupation boulevard
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  • TOP STORIES
    • Article
      Lock icon SMEs need help refocusing productivity efforts amid rising costs: SCCCI
      678 2  -  SCCCI poll finds that fewer have adopted productivity measures this year, and offers three recommendations By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE fall in the number of firms embarking on the productivity drive this year suggests that small and medi-um-sized
      678 words
    • Article, Illustration
      Lock icon More medium-sized companies hedging FX risk: HSBC exec
      762 2  -  MMEs are likely to be more affected by currency volatility as they tend to be at the stage of going global By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore MORE medium-sized companies are hedging their foreign exchange exposure, with the recent renminbi (RMB)
      762 words
    • Article
      Lock icon Fed held hostage to markets: UBS economist
      683 4  -  Investment bank expects US rates to be raised in December rather than at the next FOMC meet in October By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE US Federal Reserve has held itself hostage to financial markets which are, in turn, misreading economic data
      683 words
    • Article
      Lock icon Greece’s bonds rise as bailout seen secure after Syriza’s win
      830 4 The nation’s 10-year bonds yielded 8.27%, having dropped to as low as 8.10% at the end of last week BLOOMBERG AFP Athens GREECE’S two-year government bonds advanced after the nation voted Alexis Tsipras and his Coalition of the Radical Left,
      BLOOMBERG; AFP  -  830 words
    • Article, Illustration
      Lock icon Tsipras needs to get cracking now
      875 4  -  REUTERS BREAKINGVIEWS By Hugo Dixon IT IS all up to Alexis T sipras now. The Greek leftist politician’s electoral triumph means no domestic forces can stop him implementing the country’s 86 billion euro (S$ 136.6 billion) bailout deal. The big question is whether the
      PHOTO: BLOOMBERG  -  875 words
    • Article
      Lock icon 25,000 with serious pre-existing conditions to pay additional MediShield Life premiums
      452 6  -  They will bear 30% more in premiums for 10 years, then revert to normal rate: Ministry of Health By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A TOTAL of 25,000 Singapore residents with serious pre-existing conditions will need to pay additional
      452 words
    • Article
      Lock icon Volkswagen crashes 22% after it admits to cheating on emissions tests
      516 6 BLOOMBERG Berlin VOLKSWAGEN AG dropped the most in almost seven years after it admitted to cheating on US air pollution tests for years, risking billions in potential fines and a backlash from consumers in the world’s second-biggest car market.
      BLOOMBERG  -  516 words
  • Page 2 Advertisements
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      28 2 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 6 Advertisements
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      4407 6 MANDATORY UNCONDITIONAL CASH OFFER BY TRITON INVESTMENTS NO. 8 LLP (ACRA Registration: T15LL1328K) to acquire all the issued and paid-up ordinary shares in the capital of JASPER INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0983H) other than those already owned, controlled or agreed to be acquired
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      12 6 VW to stop US sales of models involved in recall, Page 22
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  • COMPANIES & MARKETS
    • Article
      Lock icon Sembcorp Ind eyes S$350m gain from sale of stake in JV
      350 7  -  It expects to channel the gain for FY15 into high-growth businesses and markets in energy and water sectors By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEMBCORP Industries expects to channel a net gain of about S$350 million from the
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    • Article
      Lock icon New investors buying out Jasper Investment
      420 7  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore TWO new majority investors have launched a bid to buy out the remaining shares in Jasper Investment after taking a controlling stake of over 80 per cent in the vessel management and operations outfit through a S$
      420 words
    • Article
      Lock icon Kickstarter makes itself legally bound to pursue public benefit
      148 7 BLOOMBERG Taipei CROWDFUNDING platform Kickstarter has reincorporated itself as a Public Benefit Corporation, joining US companies like Patagonia Inc in legally enshrining the pursuit of social values in their business. The service known for pooling funds from indi- vidual investors for
      BLOOMBERG  -  148 words
    • Article, Illustration
      Lock icon Firm commitment to uphold high standards
      644 8 To date, 54 companies have joined the statement of support initiative for excellence in corporate governance SIAS CORPORATE GOVERNANCE WEEK Singapore THE Securities Investors Association (Singapore) is holding the 6th Singapore Corporate Governance Week 2015 on Oct 12-16. Organised by SIAS, CG Week is
      644 words
    • Article, Illustration
      Lock icon Olam ready to deploy US$2b to take advantage of buyer’s market
      647 8 BLOOMBERG London COMMODITY trader Olam International Ltd is ready to deploy almost US$2 billion on acquisitions to take advantage of slumping agricultural commodity prices. “We are begging to enter a buyer’s market,” said Sunny Verghese, chief executive officer of
      BLOOMBERG; PHOTO: BLOOMBERG  -  647 words
    • Article
      Lock icon Tigerair, Cebu Pacific get nod for strategic alliance
      395 9  -  Clearance by competition agency will see better connectivity across both carriers’ networks By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Competition Commission of Singapore (CCS) has approved a strategic alliance agreement between Tiger Airways and Cebu Pacific, which will allow the two budget
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    • CORPORATE DIGEST
      • Article
        Lock icon Jumbo
        82 9 SEAFOOD restaurant group Jumbo has lodged its preliminary offer document for a listing on the Catalist board of the Singapore Exchange. The group plans to open more outlets in Singapore and China under new or existing brands to tap a bigger customer base. It currently has 14 outlets in
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      • Article
        Lock icon International Healthway
        93 9 INTERNATIONAL Healthway Corporation (IHC) has announced terms for its proposed acquisition of Healthway Medical Corporation (HMC). The consideration for each HMC share is S$0.10 and will be satisfied through the issue of new shares in IHC at an issue price of S$0.45. No cash will be paid to
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      • Article
        Lock icon Soilbuild Construction
        104 9 SOILBUILD Construction Group’s subsidiary Soil-Build has won the tender for the lease of land at Airport Road (Defu 1) from the Building and Construction Authority for S$26 million. The land area is around 20,400 square metres and the lease term is 30 years starting September this year. The
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      • Article
        Lock icon Magnus Energy
        71 9 A SUBSIDIARY of Magnus Energy is forking out A$1 million (S$1 million) in cash to subscribe for 8 million shares in a new Australian oil and gas company. The unlisted firm, Royal, was incorporated in June, and seeks to hold equity stakes in developed or assets nearing production.
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      • Article
        Lock icon Q&M Dental Group
        74 9 Q&M DENTAL Group has completed the acquisition of TP Dental Surgeons, a multidisciplinary centre offering a complete range of dental services in the premium dental market. It has, however, revised downwards the profit target with TP Dental’s shareholder and dentist in charge Hwang Yee Cheau, and will
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    • Article, Illustration
      Lock icon STI unmoved by new benchmark entrants
      742 10  -  Traders seemed to be paying more attention to small-cap space after mid-afternoon trading resumptions in IHC, Healthway Medical STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT THE usual suspects were strikingly missing from the line-up of local index movers after a significant change to the Straits
      Source: Bloomberg  -  742 words
    • Article
      Lock icon STI STOCKS
      304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 226 +3 226/220 271 213 6.5 5718.8 CapitaLand 280 +2 281/274 379 267 10.3 3.2 *****.7 CapitaMall Trust 190.5 +2 191/187 228 184.5 5.7 6611.1 CityDev 809 +6 810/796 1095 794 9.7
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME IHC 274,514,800 Healthway Med 84,947,400 Debao Property 45,631,600 SinoCloud 34,710,200 Global Logistic 33,030,600 Market volume 1,337,930,000 VALUE DBS Grp 114,591,105 Singtel 68,794,897 Global Logistic 67,365,131 OCBC Bank 45,557,418 UOB 41,636,350 Market value 844,828,000
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    • Article
      Lock icon SGX ETFs
      114 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 294 +1 635 295/290 355/287 293/295 IS MS INDIA US$ US685 -13 103 692/681 1000/648 686/690 85.6 DBXT MSCHINA US$ US1241 -10 42 1241/1224 1750/1151 1242/1246 Nikko AM STI ETF 300 +3 40 300/296
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Sep 21 VALUE CLOSE BT OB/OS 92.00 +77.00 BT CADI -*****.00 -32.00 BT 10-day MA -*****.00 +9.00 FTSE ST Mid Cap 669.86 -2.59 FTSE ST Small Cap 408.36 -1.51 FTSE ST All Share 693.57 +0.47 FTSE ST China Top 167.71 +0.83 FTSE ST China 203.90 +2.89 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index Sept 21,2015 693.57 +0.47 (+0.07%) Current streak 1 day Day high 694.15 Day low 688.66 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24, 2015)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Sept 18,2015 1,713.96 -18.01 (-1.04%) Current streak 1 day Day high 1,740.41 Day low 1,711.39 52-week high 1,949.49 (May 15, 2015) 52-week low 1,671.12 (Sept 4, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 2 0 0 0 6 8 2 Manufacturing 38 39 27 7 9 8 45 48 35 Commerce 12 23 13 2 2 6 14 25 19 Tpt/Stor/Comms 11 16 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,109 15,109 44,362 44,362 Manufacturing 100,634 41,661 142,295 63,783 2,247 66,031 Commerce 26,357 48,224 74,581 51,472 6,143 57,615 Tpt/Stor/Comms 99,096 1,297 100,393 125,212 106 125,318 Finance 21,086 25 21,111 233,331 4 233,335 Construction 13,792 1,472
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    • Article
      Lock icon GAINERS
      78 10 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 4951 164.4 2.4 6246/4478 GLD US$ ***** 73.1 0.5 *****/***** Lyxor Europe US$ 1366 23.9 1.3 1583/1332 DBXT Vietnam US$ 2350 21.1 0.6 3022/2139 Hyflux 6% CPS ***** 20.0 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low China Hongcheng 0.6
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low DBXT China50 US$ 2964 -66.1 -1.6 4258/2750 DBXT STGLDv US$ 2844 -61.8 -1.5 3302/2776 DBXT MSAsExJp US$ 3144 -59.0 -1.3 4064/2973 DBXT MSTHAI US$ 1721 -56.2 -2.3 2300/1646 Lyxor ChinaH US$ 1384 -52.0 -2.6 2055/1267 BY PERCENTAGE CLOSE DOWN 52w high/low IHC 9.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE IHC 274,514.8 0.099 -0.216 -68.57 Tung Lok Rest 203.0 0.118 +0.023 +24.21 Healthway Med 84,947.4 0.028 -0.010 -26.32 B&M Trustees 1.5 3.500 +0.170 +5.11 Jadason 360.1 0.017 +0.003 +21.43 MS Hldgs 110.0 0.100 -0.018 -15.25 Hoe Leong 360.0 0.048 +0.006 +14.29 Pan Hong Prop 1,130.0
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    • Article
      Lock icon BROKERS’ TAKE
      415 10  -  Compiled by Jamie Lee Sembcorp industries Buy Sept 21 close: S$3.57 Target price: S$4 DBS Group Research, Sept 21 Sembcorp Industries Ltd announces that its wholly owned subsidiary, Sembcorp Environment Pte Ltd, has signed an agreement to divest its 40 per cent stake in Australian waste management company
      415 words
    • Article
      Lock icon Glossary
      37 10 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) TP target price YTD year to date
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    • Article
      Lock icon Dollar well above Friday’s post-Fed decision low
      421 11 CURRENCIES REUTERS London THE dollar recovered ground against the yen and euro on Monday as investors weighed if major central banks such as the European Central Bank and the Bank of Japan may ease policy after the Federal Reserve delayed a hike in
      REUTERS  -  421 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Sep 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.948 4.570 0.634 5.561 47.129 103.733 0.862 8.437 3.056 1.129 74.868 33.342 1.009 9.598 0.694 23.357 25.658 0.461 0.718 Canada 1.055 4.822
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        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Sep 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0083 1.0087 0.7174 0.7176 Canadian dollar 1.0638 1.0644 0.7572 0.7569 Euro 1.5912 1.5920 1.1321 1.1325 NZ dollar 0.8931 0.8939 0.6354 0.6359 Sterling pound 2.1872 2.1878 1.5562 1.5564
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Sep 21 S$ Bid Offer 1-month 1.4071 1.4075 2-months 1.4078 1.4085 3-months 1.4096 1.4101 6-months 1.4135 1.4144 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        377 11 Sep 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9440.00 9677.50 9387.50 9650.00 *****3 *****4 Oct15 9225.00 9485.00 9185.00 9467.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar16 *****.00 0 482 MSCI TAIWAN INDEX FUTURES Sep15
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      • Article
        Lock icon BONDS. WARRANTS. PREFERENCE SHARES
        205 11 Sep 21 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****7 14.5 1.3 8275 0.0 --2 UOB MB eCW*****1 11.5 -1.4 6463 0.1 2080 4 KepCorp MB eCW*****1 11 -0.1 4880 0.2 780 5 SHS
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Sep 18 Index Change Change Change Change Change Change World Preliminary 1242.1 -1.1 -2.6 -1.3 0.9 -0.8 -4.1 EAFE Preliminary 980.3 -1.7 -0.7 -1.5 1.7 -1.0 -3.4 Europe Preliminary 1370.6 -1.9 -0.8
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 11 Sep 21 1 mth 1 mth 1.***** 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 INTERBANK RATES
        154 11 Sep 21 $S Offer Bid 0vernight 0.05 0.03 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.125 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 11 Sep 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 101.73 5-Year N*****0S 2.000 01-Jul-20 99.1 10-Year NX*****Z 2.375 01-Jun-25 96.81 96.95 96.93 15-Year NZ*****F 2.875 01-Sep-30 98.16 98.30 98.30 20-Year NZ*****V 3.375 01-Sep-33 104.8 104.75 104.75 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 11 Sep-18 Price Net change change Last Trade Agricultural Sep-18 CBOT Soybeans (US cents/bu) 867.25 -17.25 -1.95% 13/11/2015 CBOT Soybean Oil (US cents/lb) 26.05 -0.62 -2.32% 14/10/2015 CBOT Wheat (US cents/bu) 486.75 5.25 1.09% 14/12/2015 Sep-18 LIFFE Cocoa (£/tonne) 2208.00 11.00 0.50% 14/12/2015 LIFFE Coffee (US$/tonne) 1556.00 -8.00 -0.51%
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      • Article
        Lock icon PALM OIL
        57 11 Sep 21 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 15 2065.0 2086.0 2090.0 2059.0 127 6017 Nov 15 2061.0 2124.0 2138.0 2056.0 5267 ***** Dec 15 2094.0 2151.0 2167.0 2088.0 ***** ***** Jan 16 2133.0 2187.0
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    • Article
      Lock icon SGX MAINBOARD
      1816 12 Transaction date: Sep 21 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 135.5 +1.5 508 136.5 134.5 1 8.2 859.4 LOW 183 137 ARA
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    • Article
      Lock icon SGX CATALIST
      360 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Dlv C'vr GrYld Net P/E MCap 35 57.5 32 t Atlantic Nav t 3Cnergy 45.5 9.8 t BlackGoldNatural............................10 unch 220 10 10 78.9
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    • Article
      Lock icon SGX ETF
      135 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 79.4 CIMB APAC Div US$ US81.2cd -0.7 21 83 81.2 8.5 1085 700 CIMBASEAN40 US$ US797 -3 5 798 797 125 4258 2750 DBXT China50 US$ US2964 -47
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      Lock icon Page 7 Advertisements Column 1
      278 7 M|P|W Mander Portman Woodward MPW COLLEGE LONDON A-LEVELS IN THE UK ARE MUCH EASIER rv; f n X 9 y If your child is in Sec 4 or JC1, he/she can join our Jan 2016 intake and complete his/her A-levels in June 2017. Your child will have a less stressful
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      Lock icon Page 7 Advertisements Column 2
      160 7 Deutsche Bank db.com By invitation 5th Annual Women in Asian Business Conference Men Matter September 22, 2015 'pevftiYm. The fifth edition of Women in Asian Business Conference will showcase an array of accomplished speakers who will debate men's role as critical partners in creating sustainable change towards diversity and inclusion
      160 words
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      276 8 /Singapore FOOD SERVICES Productivity PRODUCTIVITY CONFERENCE 2015 Centre Friday, 30 October 2015 One Farrer FHotel Spa 8.15 am 2.00 pm FoodPnnt of the Future v ABOUT THE CONFERENCE The Food Services Productivity Conference 2015 is the hallmark event for the food services industry. Organised by the Singapore Productivity Centre, the
      276 words
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      492 9 SINGAPORE HUMAN CAPITAL SUMMIT i People Strategies for Asia: 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
      492 words
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  • Page 12 Advertisements
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      80 12 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 a This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Homegrown Kim Soon Lee buys Tuas warehouse from ISK
      746 13  -  S$30 million acquisition will help group speed up expansion of its warehousing business By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore HOMEGROWN transportation and logistics group Kim Soon Lee is buying the former storage facility of Japanese chemicals group Ishihara Sangyo Kaisha (ISK)
      PHOTO: SHAWN TEO  -  746 words
    • Article, Illustration
      Lock icon GCB site off Upper Thomson up for sale
      308 13  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A FREEHOLD Good Class Bungalow (GCB) site off Upper Thomson Road has been put up for the sale by public tender at an indicative price of S$27 million, or S$1,280 per square foot. Located at 53
      308 words
    • Article, Illustration
      Lock icon Deluge of new homes may end high property prices in Sydney
      666 14 213,000 new home starts across the country prompts Goldman Sachs Group Inc to warn of a supply glut by 2017 BLOOMBERG Sydney A HOME-BUILDING frenzy that is shoring up Australia’s economy as the mining boom ends may also be
      BLOOMBERG; PHOTO: REUTERS  -  666 words
    • Article
      Lock icon KKR seeks at least US$1.5b for second US property fund
      486 14 The firm aims to capitalise on robust investor demand for higher-yielding assets WP Washington KKR Co is aiming to raise at least US$1.5 billion for its second US real estate fund, as the private equity firm co-founded by Henry Kravis
      WP  -  486 words
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      Lock icon London leads UK home prices to all-time high
      473 15 Record asking prices in September reflect continuing shortage of property for sale and strong demand BLOOMBERG London LONDON led asking prices for UK homes to an all-time high in September, reflecting a continuing shortage of property for sale and strong demand from
      BLOOMBERG; PHOTO: BLOOMBERG  -  473 words
    • Article
      Lock icon Toll Brothers sees Manhattan luxury-condo glut
      777 16 US home builder is zeroing in on smaller apartments with lower prices as expensive units sit on the market BLOOMBERG New York MANHATTAN’S growing inventory of ultra-luxury condominiums has another big developer seeing signs of a glut. Toll Brothers Inc, the largest US lux-ury-home
      BLOOMBERG  -  777 words
    • Article
      Lock icon Jinjiang International buys 81% of Keystone Lodging
      286 16 Hotel operator will fund acquisition with cash and loans BLOOMBERG Shanghai JINJIANG International Hotels Development Co bought a controlling stake in the owner of 7 Days Group Holdings Ltd, two years after the economy hotel chain was delisted in New York. Jinjiang International
      BLOOMBERG  -  286 words
    • Article, Illustration
      Lock icon Swiss home vacancies at 14-year high, cities still ‘strained’
      231 16 BLOOMBERG Zurich THE number of empty apartments in Switzerland climbed to the highest since 2001, slowing the pace of rental increases. The number of empty flats or residential houses rose 12 per cent to 51,172 as at June 1 from a
      BLOOMBERG; PHOTO: BLOOMBERG  -  231 words
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      80 13 SOR is rising. But your home loan rate doesn't have to. Living, Breathing Asia X x The Swap Offer Rate (SOR) has gone up by more than 50%*. If your home loan is pegged to SOR, you might be concerned how this will affect you. We could help you reduce
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      288 14 PRIME COMMERCIAL OPPORTUNITY A CBD LANDMARK 79 ROBINSON ROAD -s 9gm m ill m i wk Prominent corner location with dual road frontage Site Area 4,371.7 sqm/approximately 47,056 sq ft Potential GFA approximately 56,307 sqm 606,088 sq ft Up to 50 Storey height restriction Future direct connectivity to Tanjong Pagar
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      378 14 Prime B2 Site For Sale mw\ Brenda Ong Maverick Li (CEA Reg No.: R*****4Z) (CEA Reg No.: R*****8A) Tel: 9616 3336 Tel: 9069 0053 Address 4 Randan Crescent, Singapore *****5 Land Area Approx. 519,078 sqft Gross Floor Area Approx. 508,121 sqft 30 30 years with effect from 1 Aug 1994
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      403 15 HoftCurrent Issues! You can’t Afford to Miss! REGISTER ONLINE FREE ENTRY 20 Leading Investment Experts Address Market Challenges Opportunities at 9 A Current Economics The Markets Going into 2016 Alvin Conrad Lim Trader Educator, Author Founder, Pattern Trader Tutorial Tools How to Effectively Buy Property at the Bottom and Sell
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      223 15 ONE OF AUSTRALIA’S LARGEST IRRIGATION ASSETS IS FOR SALE a g o a ego r r a W KIA ORA Darling M a c q u C a s t l ere a gh a r e n Balon CLYDE Lachlan ie N Gwydir Murrumbidgee N amoi Kia Ora Clyde
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      211 16 Thomson High-rise Condo Site with Great Views SHUNFU VILLECollective Sale By Tender Land area 408,927 sf; GPR 2.8; up to 36 storeys Central close to popular malls and schools 200m to Marymount MRT Circle Line station 600m to new Thomson East Coast Line station MacRitchie Reservoir SICC Upper Thomson MRT
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      254 16 Rare Opportunity To Acquire Entertainment Complex 1 3 Yuan Ching Road wr Prominently located along AYE Land Area: Approx. 234,000 sq ft Gross Floor Area: Approx. 120,000 sq ft JTC balance lease of about 16 years Zoned "Commercial and Residential" under MP2014 Almost 100% occupied Ample open car park lots
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      3891 17 THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in doubt about any aspect of this Notice or the terms of the Extraordinary Resolution set out herein and/or the action you should take, you should consult immediately your stockbroker, bank manager, solicitor, accountant or other professional adviser
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  • BANKING & FINANCE
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      51 18 HOT PROPERTY ROBINSON RD 2300SF 2 levels St level frontage. Suits cafe, retail svcs. 150A 3 phase, water pt flr trap. PENINSULA PLAZA #01-09/10. Rent/Sale. 323sf Suit most trade, no F&B Immed. LOOKING FOR A SHOP SPACE TO RENT? Check out these properties and more in The Straits Times Classified
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      60 18 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM™ THE STRAITS TIMES SINGAPORE 1845 THEN NOW TOMORROW NJHptfaW'V m 1 SINGAPORE STORIES Experience Singapore’s beginnings, struggles and triumphs through the lens of The Straits Times. Catch the Singapore STories exhibition now on at the ArtScience Museum till Oct 4. Open daily
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      17 18 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Glencore production cuts fail to boost copper
      650 19 Slowdown in China’s growth and huge inventory buildup may result in further falls in the price of the metal, which is already at a six-year low, say analysts BLOOMBERG London THE biggest cuts to copper production this year haven’t been enough to overcome
      BLOOMBERG  -  650 words
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      Lock icon Vale leads Brazil’s iron ore expansion with largest project
      637 19 REUTERS Sao Luis, Brazil TWO kilometres out to sea, workers battle treacherous currents to build a huge dock capable of loading the largest iron ore ships on earth, a vital step as Brazil’s Vale fights for dominance in a tumbling market.
      REUTERS; PHOTO: REUTERS  -  637 words
    • Article
      Lock icon UK pledges £2b for Hinkley Point nuclear plant project
      357 19 AFP Beijing BRITAIN pledged £2 billion (S$4.4 billion) on Monday for a nuclear plant set to be built in England by a consortium, including Chinese firms, which would be the country’s first such new power station in decades. Chancellor George Osborne
      AFP  -  357 words
    • Article
      Lock icon Global outlook for wheat set to worsen as supplies build up
      707 19 BLOOMBERG Chicago HEDGE funds are so down on wheat that even the worst price plunge in 29 years isn’t leaving them satisfied. Instead, a global glut has money managers ready for more losses and sticking with a net-bearish outlook
      BLOOMBERG  -  707 words
  • Page 19 Advertisements
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      613 19 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LASALLE JAPAN LOGISTICS II S4 PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9003E NOTICE OF FINAL MEETING
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      140 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER. 50 AND IN THE MATTER OF SWEE CHENG AGENCY PTE LTD Registration No. *****1897Z (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of
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  • TECHNOLOGY
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      172 20 Show Me the Money writes about the important economic concepts and investment strategies applicable to stocks investments. Using actual case studies and data, the book illustrates how these strategies worked for the Singapore market over the years. The painful lessons to learn and pitfalls are highlighted as well. The book
      172 words
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      26 20 WIN $6,500 WORTH OF GYM GEAR! We’vecuratedthebest fitnessstuffandnutritional boostersforeveryactiveguy. Thismonthboastsawesome productsfromadidas, Isagenix,Remington, LabSeries,Swissoatsand WhatHeWants–and they’reallupforgrabs! For more information about the Men’s Healthlocker, check out www.menshealth.com.sg/mhlocker OCTOBERISSUEOUTNOW!
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      14 20 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • CONSUMER
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      520 21 Upgrade and Upsize Your Online Marketing Efforts for Maximal Returns Who should attend: Business Owners, Social Media and Website Managers, Marketing Professionals FULL-DAY WORKSHOPS How Should SMEs Upgrade Their Online Marketing Efforts? Getting a consistent flow of sales enquiries is important to sustain a business, especially for SMEs. Without a
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  • TRANSPORT
    • Article, Illustration
      Lock icon VW to stop US sales of diesel models involved in recall over illegal software
      1207 22 It won’t sell 2015 and 2016 Volkswagen and Audi models equipped with 4-cylinder turbo diesel engines, which were marketed as “clean diesel” NYT Frankfurt VOLKSWAGEN said on Sunday that it would halt sales of cars in
      NYT; PHOTO: AFP  -  1,207 words
    • Article
      Lock icon Billionaires seek own India airport as low fares crowd skies
      790 22 BLOOMBERG New Delhi ON A recent trip to the Indian state of Chhattisgarh, federal Power Minister Piyush Goyal sensed that the region could woo investment from SoftBank Group Corp’s billionaire founder Masayoshi Son, who happened to be elsewhere in the
      BLOOMBERG  -  790 words
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      Lock icon JetBlue wants Delta to leave ‘humanity’ alone
      500 22 BLOOMBERG Dallas JETBLUE Airways Corp has been telling passengers and prospective customers for 16 years that it’s on a mission to restore humanity to flying. It isn’t happy that Delta Air Lines Inc is joining the effort. Chief Executive Officer Robin Hayes and
      BLOOMBERG  -  500 words
    • Article
      Lock icon China said to be considering framework for governing ride-booking services
      439 22 BLOOMBERG Beijing CHINA is considering regulations that would force ride-booking apps such as Uber and Didi Kuaidi to use commercially registered cars and drivers, and would allow city governments to limit permits for those services, according to people familiar with
      BLOOMBERG  -  439 words
    • Article
      Lock icon SHIPPING TIMES
      771 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 22 Advertisements
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      311 22 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF INVESTMENT THRUST PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****8875R NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Sales of existing homes down more than forecast in August
      576 23 Some Americans unable to take advantage of low interest rates and relocate after a recovery in property values LATEST US DATA BLOOMBERG Washington SALES of previously owned US homes fell more than forecast in August, representing a pause in momentum
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      Lock icon Infrastructure spending in Indonesia picks up
      466 23 REUTERS Jakarta INFRASTRUCTURE spending in Indonesia is beginning to pick up after lengthy delays, a welcome relief for President Joko Widodo’s plan to jump-start South-east Asia’s largest economy by building new roads, ports and bridges. In the past few weeks, the government has sped
      REUTERS; PHOTO: AFP  -  466 words
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      Lock icon China party mouthpiece lashes out at tycoon Li Ka-shing
      398 23 AFP Beijing THE mouthpiece newspaper of China’s Communist Party has blasted Hong Kong tycoon Li Ka-shing after he sold assets on the mainland with the world’s second-largest economy facing headwinds. The 87-year-old, nicknamed “Superman” for his sharp business acumen, has been
      AFP  -  398 words
    • Article
      Lock icon ‘Edge’ set to resume publication as court revokes suspension
      678 23  -  in judicial review, judge cites illegality and lack of procedural fairness in ordering publications’ suspension By Pauline Ng btworld@sph.com.sg Kuala Lumpur CITING illegality and the lack of procedural fairness, a Malaysian High Court has revoked the Home Ministry’s three-month permit suspension
      678 words
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      Lock icon India’s growth expected to top last year’s, minimal China impact seen
      423 23 REUTERS Hong Kong INDIAN Finance Minister Arun Jaitley said on Monday he hopes the economy will grow faster this year than the last, and expects that Asia’s third-larg-est economy will not see a big hit from China’s slowdown. Mr
      REUTERS  -  423 words
  • Page 23 Advertisements
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      25 23 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • OPINION
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      Lock icon It’s fine for Fed to keep eye on China; it’s what it sees that’s troubling
      592 24 THE US Federal Reserve’s no-change policy after its two-day September meeting has been vigorously dissected, and two key pieces of information have drawn the most attention. EDITORIAL The first is the Fed’s citing of the
      592 words
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      Lock icon The rage of the bankers
      869 24  -  THE BOTTOM LINE By Paul Krugman NYT LAST week the Federal Reserve chose not to raise interest rates. It was the right decision. In fact, I’m among the economists wondering why we’re even thinking about raising rates right now. But the financial industry’s response may
      NYT  -  869 words
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      Lock icon Cool Washington reception for China’s Xi
      1292 24  -  The recent cyber-security attacks by suspected Chinese hackers on the US has raised questions of why the Obama administration is welcoming President Xi By Leon Hadar SO THIS is what the Republican Party’s Grand Strategy amounts to: #CancelChinese PresidentStateDinner Well, no one in the
      BLOOMBERG FILE PHOTO  -  1,292 words
    • Article
      Lock icon Asia: Short-term bumps on a long-term growth path
      1101 25  -  COMMENTARY By Ravi Menon T The writer is managing director, Monetary Authority of Singapore. The above is adapted from remarks at the opening of Korea’s National Pension Service Office on Sept 17 THE opening of the Singapore office of Korea’s National Pension
      1,101 words
    • Article
      Lock icon Building economic, cultural and trade ties between UK and Asean
      853 25  -  By Lucy Neville-Rolfe T The writer, a baroness, is Parliamentary Under Secretary of State Minister for intellectual Property, United Kingdom THIS week I am visiting Singapore and Vietnam to build upon the strong economic, cultural and trade ties between the
      853 words
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      Lock icon Syriza records remarkable re-election win
      1099 25 But unless business confidence and sustained recovery can be fostered soon, Greece faces a continued highly uncertain economic and political outlook. BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School
      PHOTO: AFP  -  1,099 words
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      191 26 PLACE YOUR AD HERE r THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 132-7 urgently needed by shippers Can they find your services Here in the Shipping Times? JOE WONG AT 9620 1 XI IE BUSINESS TIMES S PING TIMES Highlight Your Company Anniversary A Come publicise your
      191 words
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  • LIFE & CULTURE
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      Lock icon More diversity on show and validation for HBO
      1292 27 Actress Viola Davis and comedy series Transparent celebrate breakthroughs 67TH PRIMETIME EMMY AWARDS NYT Los Angeles IT was a night of firsts, and a night for establishment cable at the 67th Primetime Emmy Awards on Sunday. Viola Davis became the first Afri-can-American
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      Lock icon Win contest to watch Monte Carlo race
      263 27  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THIS year’s Singapore Grand Prix may already be over, but Formula One (F1) fans here don’t have to wait another 12 months to catch their heroes in the flesh again. Swiss bank UBS, a global partner of
      PHOTO: UBS  -  263 words
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      Lock icon Quintiles goes purple to mark World Alzheimer’s Day
      78 27 Singapore QUINTILES Singapore employees donned “Working to End Alzheimer’s” purple shirts on Monday to mark World Alzheimer’s Day. The biopharmaceutical services company, which is celebrating its 20th anniversary in Singapore this year, has more than 300 employees at its Asia-Pacific regional headquarters
      PHOTO: QUINTILES SINGAPORE  -  78 words
  • Page 27 Miscellaneous
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      Lock icon Page 27 Miscellaneous Column 1
      382 27 CRYPTIC CROSSWORD Across 1 Two men of the match these days maybe (7,6) 9 Puff-puff I missed going to game get bus maybe? (9) 10 Bit of willow to dry up almost entirely (5) 11 Country type agitated about end of hunting (5) 12 Waste away in northern river (4)
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  • SME
    • Article, Illustration
      Lock icon Join the family firm? Only 1 in 5 grads say yes
      644 28  -  Globally, 3.5 per cent will do it straight after graduating, 4.9 per cent will wait 5 years; figures for Singapore even lower. By MINDY TAN tanmindy@sph.com.sg @MindyTanBT JUST one in five college students globally are interested in taking over
      PHOTO: REUTERS  -  644 words
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      Lock icon Feinmetall finds finesse in lean management
      1281 28  -  By Chia Kiah Yeen, Chng Ya Wen, Zheng Weijie T The writers are students at NUS Business School BEING a small company with limited resources, lean management does not come easily for Feinmetall. This is where the spirit of innovation plays a pivotal role
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      Lock icon Development of local SMEs crucial to success of AEC
      686 28  -  By Tun Musa Hitam T The writer is chairman of the World Islamic Economic Forum (WIEF) Foundation and former Deputy Prime Minister of Malaysia ASEAN as a single economy is forecast to become the third largest economy in the world by
      686 words