The Business Times, 30 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
    31 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Wednesday, September 30,2015
    31 words
  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 2,787.94 -3.98 KL COMP 1,603.32 -5.11 NIKKEI 225 16,930.84 -714.27 HANG SENG *****.60 -629.72 SHENZHEN B 1,027.90 -13.94 DOW (11.45am EDT) 16,012.75 +10.86
    27 words
  • Article, Illustration
    Lock icon Market liquidity could evaporate in response to shocks, IMF warns
    1059 1  -  It also notes corporate debt in emerging-market economies has quadrupled in the past decade with low interest rates By Anthony Rowley btworld@sph.com.sg Tokyo AS global stock markets reeled and currencies gyrated on Tuesday on interest-rate uncertainties and fears of accelerating
    PHOTO: REUTERS  -  1,059 words
  • DAILY DIGEST
  • Article, Illustration
    Lock icon Singapore is most vital commodities trading hub in Asia, says IE
    720 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE may be a resource-scarce country, but it has emerged as Asia’s most important commodities trading hub. This is thanks to its strategic geographic location, robust financial and trading infrastructure, and reliable legal,
    Source: IE Singapore report based on Oliver Wyman analysis and market benchmarks  -  720 words
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  • TOP STORIES
    • Article
      Lock icon Jurong Aromatics in receivership as talks to restructure debt stall
      367 2 Petrochemical plant has failed to service interest payments amid plunge in oil prices BLOOMBERG Singapore JURONG Aromatics Corp, operator of one of the world’s largest petrochemical plants, has been pushed into receivership after debt-restructuring talks stalled, according to a filing
      BLOOMBERG  -  367 words
    • Article, Illustration
      Lock icon S-E Asian currencies hammered in wobbly quarter, woes persist
      736 2  -  Ringgit is the worst performer among peers, Sing$ sinks to new six-year low CURRENCY JITTERS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AS battered regional currencies bid adieu to one rough quarter, another rocky one awaits with fear factors such as China’s
      PHOTO: REUTERS  -  736 words
    • Article
      Lock icon Ringgit in free-fall puts 5.00 mark within sight
      680 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur NEVER mind where the ringgit is headed next year. Already in dread of what the rapidly shrinking currency can buy, Malaysians braced for further shocks after the ringgit touched 4.472 to the US dollar and 3.122
      680 words
    • Article
      Lock icon Tokyo stocks dive 4% amid Asian market rout
      502 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo TOKYO stock prices slumped by over 4 per cent on Tuesday amid a general rout that saw Asian shares skid to three-and-a-half-year lows as uncertainty about China’s economy and the course of US monetary policy took an
      502 words
    • Article, Illustration
      Lock icon S$ falls to fresh six-year low against US$ on global growth concerns
      369 2  -  Having broken through S$1.43, SGD is down about 7.4% year to date By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singapore dollar (SGD) fell through S$ 1.43 on Tuesday morning, to a fresh six-year low, on increased concerns
      Source: Bloomberg  -  369 words
    • Article, Illustration
      Lock icon 2 in 3 SMEs see a risk of failure in next 3-5 years
      565 3  -  Amex survey of 151 CFOs also reveals that lean resources hinder their ability to innovate By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore OVER two-thirds of SME chief financial officers (CFOs) say they face a moderate to significant risk
      PHOTO: BLOOMBERG  -  565 words
    • Article, Illustration
      Lock icon Women must help women improve board diversity: Halimah
      678 4  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore WOMEN in key positions should use their influence and expertise to help other women to develop their careers and become potential directors, Speaker of Parliament Halimah Yacob said on Tuesday at a conference for senior women
      PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  678 words
    • Article
      Lock icon IIPL launches student programme to cultivate venture capital talent
      444 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore NEXT year, up to eight final-year undergraduates will form the inaugural intake of the Infocomm Investments’ (IIPL) Management Associate Track (iMAT), believed to the first programme in Asia to offer students accelerated, all-access exposure to
      444 words
    • Article
      Lock icon PAP MPs must always remind themselves of party’s values: PM Lee
      750 4  -  He reminds them in post-GE letter that they are servants, not masters, of the people By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore INTEGRITY, honesty and incorruptibility are fundamental to the People’s Action Party (PAP), and its Members of Parliament (MPs)
      750 words
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      Lock icon Page 2 Advertisements Column 1
      31 2 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
      31 words
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      Lock icon Page 3 Advertisements Column 1
      143 3 PICTET Pictet-Absl Rtn Fxd Inc-HP EUR Pictet-Absl Rtn Glo Div-P EUR Pictet-Asian Equities Ex Japan-P USD Pictet-Asian Local Currency Debt-P USD Pictet-Biotech-P USD Pictet-Clean Energy-P USD Pictet-Digital Communication-P USD Pictet-Eastern Europe-P EUR Pictet-Em Lcl Ccy Dbt-P USD Pictet-Emerging Markets-P USD Pictet-EUR Bonds-P Pictet-EUR Corporate Bonds-P Pictet-EUR Government Bonds-P Pictet-EUR High
      143 words
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      Lock icon Page 3 Advertisements Column 2
      82 3 GP GIRARD-PERREGAUX MECHANICS OF TIME SINCE 1791 18 'RD-PERRE' AUTOMATIC s ST m. GIRARD-PERREGAUX 1966 GIRARD-PERREGAUX GP*****-01 10 CALIBRE, SELF-WINDING MECHANICAL MOVEMENT HOUR, MINUTE, SMALL SECOND, LARGE DATE AND MOON PHASES INDICATOR 46-HOUR POWER RESERVE 41 MM PINK GOLD CASE WITH SAPPHIRE CRYSTAL CASE-BACK ALLIGATOR STRAP WITH PIN BUCKLE i
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      295 4 LEARN THE BEST PRACTICES TO IMPROVING BUSINESS EXCELLENCE 2015 Onsite Registration is Available! M AN U FACTU RIN G SOLUTIONS EXPO Empowering Business Productivity with Solutions _/L "Like Us" on Facebook! Manufacturing SolutionsExpo Suntec Singapore Convention Exhibition Centre Halls 401 -402 30 Sep-2 Oct 2015 OFFICIALLY OPENED TODAY! mmm Operating
      295 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Singapore bonds resilient amid equity, currency jitters
      541 5  -  Singapore Fixed income index outperforms Straits Times index year-to-date By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singapore bond market is holding up rather well amid a stockmarket sell-off and curency jitters as bond investors remain comfortable with local issuers. On Monday, the
      Source:SGX  -  541 words
    • Article, Illustration
      Lock icon Ezra shares up 4.31% on news of joint venture with Japan’s Chiyoda
      497 5  -  By Tan Hwee Hwee hweetan@sph.com.sg @hweetanBT Singapore SHARES in Ezra Holdings closed up 4.31 per cent at S$0.121 on Tuesday on news of a joint-venture agreement with Japanese engineering giant Chiyoda. Ezra's share price has been trending down
      497 words
    • Article
      Lock icon Besieged commodity trader gets vote of confidence
      477 6 Market response overdone as Glencore is not financially stressed, says Citi report GLENCORE ROUT Singapore GLENCORE Plc, the commodity trader whose shares lost almost a third of their value in a day, just got a vote of confidence from Citigroup Inc. The company
      477 words
    • Article, Illustration
      Lock icon Glencore gloom envelops rivals as Asia commodity shares fall
      712 6 BLOOMBERG Singapore ASIA’S biggest commodities companies tumbled from Sydney to Tokyo on Tuesday as the collapse in Glencore Plc’s stock highlighted the threat of sliding raw materials prices amid China’s economic slowdown. The company’s almost 30 per cent plunge in London
      BLOOMBERG; PHOTO: AFP  -  712 words
    • Article
      Lock icon Noble takes a hit from Glencore’s meltdown
      459 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SHARES and debt of commodity trader Noble Group took a hit on Tuesday following an overnight plunge in the shares of Glencore, but analysts say the sell-off may be overdone. Noble, whose portfolio of hardcommodity assets and
      459 words
    • Article
      Lock icon Pressure mounts on Glencore’s euro debt
      209 6 IFR London GLENCORE’S euro-denominated debt came under more pressure when the market opened on Tuesday morning, with its bonds selling off by up to 11 points, according to Thomson Reuters data. Glencore’s 1.25 billion March 2017 bonds saw the biggest fall in cash price
      IFR  -  209 words
    • Article
      Lock icon LifeBrandz loss worsens to S$7.63m in FY15
      258 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AS shareholders of struggling nightspot operator LifeBrandz continue to wait for an update on the outcome of its latest attempt to secure a reverse takeover, the company sank deeper into the red. The mainboard-listed firm, now a
      258 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Sept 29,2015 2,787.94 -3.98 (-0.14%) Current streak 5 days Day high 2,790.60 Day low 2,740.36 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,787.94 (Sept 29, 2015) FTSE ST Catalist index Sept 29,2015 495.72 -1.74 (-0.35%) Current streak 2 days Day high 495.93 Day low
      63 words
    • Article, Illustration
      Lock icon STI sheds just 4 points after late rebound
      650 8  -  Index hits an intraday low of 2,740 but wipes off most of the loss in line with surge in Dow futures STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ANOTHER day, another new low, though in the end it could have been a lot
      Source: Bloomberg  -  650 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 +1 229/224 271 213 6.4 5769.4 CapitaLand 274 -2 275/267 379 267 10 3.3 *****.2 CapitaMall Trust 189 unch 189.5/186.5 228 184.5 5.7 6559.1 CityDev 773 -4 780/760 1095 760 9.3
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 121,985,700 Healthway Med 66,784,200 WE 66,482,500 IHC 54,690,500 Ezra 53,979,700 Market volume 1,422,142,000 VALUE DBS Grp 209,287,817 Singtel 109,543,313 OCBC Bank 74,282,551 UOB 64,310,189 Wilmar Intl 56,665,804 Market value 1,280,715,000
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    • Article
      Lock icon SGX ETFs Most Active
      112 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 284 -1 1358 284/280 355/280 284/285 DBXT MSCHINA US$ US1160 -43 477 1166/1153 1750/1151 1172/1177 IS MS INDIA US$ US678 +7 75 678/657 1000/648 678/682 84.8 Lyxor World US$ US155.9 -3.7 56 160/155.9 183.5/155.9
      112 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 29 VALUE CLOSE BT OB/OS -192.00 -60.00 BT CADI -*****.00 -110.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 657.19 -4.36 FTSE ST Small Cap 404.25 -1.30 FTSE ST All Share 676.13 -1.50 FTSE ST China Top 164.48 -1.55 FTSE ST China 199.03 -2.13 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share FTSE ST All-Share Index Sept 29,2015 676.13 -1.50 (-0.22%) Current streak 5 days Day high 676.16 Day low 666.89 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29,2015)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index Sept 28,2015 1,638.09 -22.65 (-1.36%) Current streak 1 day Day high 1,664.04 Day low 1,637.47 52-week high 1,949.49 (May 15, 2015) 52-week low 1,638.09 (Sept 28, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 2 0 0 0 3 6 2 Manufacturing 28 43 27 5 8 11 33 51 38 Commerce 11 19 17 2 6 3 13 25 20 Tpt/Stor/Comms 11 17 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,213 41,213 95,300 95,300 Manufacturing 130,824 30,407 161,231 127,591 861 128,452 Commerce 151,393 96,571 247,964 95,033 1,898 96,931 Tpt/Stor/Comms 146,089 400 146,489 195,267 31 195,299 Finance 38,079 158 38,237 382,571 27 382,598 Construction 16,978 8,309
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    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low DBXT S&P Short US$ 2352 131.4 4.1 2497/2104 Pan Ocean 400 20.0 5.3 560/375 ST Engineering 296 12.0 4.2 382/270 DBS MB ePW*****2 43 11.0 34.4 43/9.5 IS MS INDIA US$ 678 10.0 1.0 1000/648 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSEurope US$ 5225 -165.7 -2.2 6300/5225 GLD US$ ***** -150.0 -1.0 *****/***** DBXT MSKorea US$ 4659 -141.4 -2.1 6246/4478 DBXT S&P500 US$ 3193 -125.7 -2.7 3626/3097 DBXT Chia50 US$ 2800 -101.4 -2.5 4258/2750 BY PERCENTAGE CLOSE DOWN 52w high/low Centurion W*****7 0.3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Yongmao 17.0 0.080 -0.040 -33.33 CH Offshore 576.0 0.410 -0.140 -25.46 Next-Gen Sat 2,449.9 0.003 +0.001 +50.00 Mercurius 7,976.1 0.012 +0.002 +20.00 Hai Leck 635.0 0.197 -0.013 -6.19 Koon 23.8 0.096 -0.028 -22.58 MoneyMax Fin 152.5 0.175 -0.018 -9.33 ISR Capital 1,379.7 0.011 +0.001 +10.00
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    • BROKERS’ TAKE
      • Article
        Lock icon Equities Strategy
        97 8 DBS Bank, Sept 29 TRADE both sides or have a strong stomach and a long time frame. The market will not be kind to passive investors over the coming months. There will be large losses. There will be surprising rebounds. But the bias will be on the downside.
        97 words
      • Article
        Lock icon Sembcorp Industries / Hold
        150 8 Sembcorp Industries Hold Sept 29 close: S$3.45 Target price: S$3.67 Maybank Kim Eng Research, Sept 29 SEMBCORP Industries (SCI) is developing a greenfield 426 MW power plant in Bangladesh at a total cost of US$390 million. We estimate an initial contribution of S$10-15 million a year to SCI’s earnings when
        150 words
      • Article
        Lock icon Memtech Int’l / Add
        81 8  - Memtech Int’l Add Compiled by Cai Haoxiang Sept 29 close: S$0.116 Target price: S$0.17 CIMB Research, Sept 28 REITERATE “add” after our visit to Memtech’s Dongguan plant. Re-rating catalysts: Order recovery in H2 2015 and Beats by Dre becoming its latest customer. More exciting projects in the pipeline. Stronger sales
        81 words
    • Article
      Lock icon CALENDAR
      16 8 DATA I Sept 30 Singapore bank lending I 8pm, Sept 30 US MBA Mortgage Applications
      16 words
    • Article
      Lock icon Yen gains amid volatile stock markets
      387 9 CURRENCIES AFP Tokyo THE yen gained on Tuesday on worries that China’s economy will weigh on global growth, while other Asian currencies retreated against the US dollar on an expected rate hike by the US Federal Reserve. Foreign exchange dealers moved into safe haven
      AFP  -  387 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Sep 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.935 4.434 0.619 5.402 46.002 102.292 0.835 8.351 3.107 1.100 72.838 32.706 0.996 9.790 0.676 23.091 25.401 0.459 0.697 Canada 1.069 4.740
        471 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Sep 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9957 0.9960 0.6970 0.6971 Canadian dollar 1.0643 1.0649 0.7453 0.7450 Euro 1.6085 1.6091 1.1259 1.1262 NZ dollar 0.9049 0.9057 0.6334 0.6339 Sterling pound 2.1688 2.1693 1.5181 1.5183
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Sep 29 S$ Bid Offer 1-month 1.4305 1.4310 2-months 1.4322 1.4328 3-months 1.4338 1.4344 6-months 1.4375 1.4384 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        202 9 Sep 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.2 -0.5 ***** 0.1 1860 5 Rowsley Ltd W*****3 2.6 unch ***** 1 18 13 OCBC Bk MB eCW*****1 11.9 0.1 8858 0.2 900
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 28 Index Change Change Change Change Change Change World Preliminary 1196.9 -1.7 -6.2 -1.2 -1.1 -1.6 -8.2 EAFE Preliminary 951.4 -1.6 -3.6 -1.0 -0.5 -1.4 -7.7 Europe Preliminary 1323.9 -2.1 -4.2
        373 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        387 9 Sep 29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9375.00 9392.50 9135.00 9242.50 ***** *****3 Oct15 9302.50 9320.00 9007.50 9145.00 *****4 *****2 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 *****5 *****3 Mar16 *****.00 *****.00 *****.00 *****.00 101 494 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 Sep 29 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 9 Sep 29 $S Offer Bid 0vernight 0.05 Par 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.08 US$ 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
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 GOVERNMENT BONDS Sep 29 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Apr-17 99.99 100.02 99.94 5-Year N*****0S 2.000 01-Jul-20 99.64 99.65 99.46 10-Year NX*****Z 2.375 01-Jun-25 98.02 98.08 97.90 15-Year NZ*****F 2.875 01-Sep-30 99.91 100.00 99.60 20-Year NZ*****V 3.375 01-Sep-33 106.81
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Sep-28 Price Net change change Last Trade Agricultural Sep-28 CBOT Soybeans (US cents/bu) 876.75 -12.50 -1.41% 13/11/2015 CBOT Soybean Oil (US cents/lb) 27.18 -0.54 -1.95% 14/10/2015 CBOT Wheat (US cents/bu) 505.50 -2.25 -0.44% 14/12/2015 Sep-28 LIFFE Cocoa (£/tonne) 2210.00 -30.00 -1.34% 14/12/2015 LIFFE Coffee (US$/tonne) 1543.00 -53.00 -3.32%
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    • Article, Illustration
      Lock icon S&P 500 to end 2015 in the red: Goldman Sachs
      626 10 index seen falling nearly 3%, marking its first negative year since 2011 BLOOMBERG New York GOLDMAN Sachs now expects the S&P 500 to finish in the red in 2015. Chief US equity strategist David Kostin lowered his year-end price target
      BLOOMBERG; PHOTO: AFP  -  626 words
    • Article
      Lock icon Putian cashes in on healthcare
      582 10 BLOOMBERG Beijing FOR years, Lin Yuming watched expectant mothers suffer through endless queues and delays at China’s public hospitals. Spotting a business opportunity, the Chinese entrepreneur from the southern city of Putian went on to build a chain of women’s hospitals spruced up with pink
      BLOOMBERG  -  582 words
    • CORPORATE DIGEST
      • Article
        Lock icon Huationg Global
        57 10 CATALIST-listed civil engineering firm Huationg Global has secured new civil engineering contracts worth S$81.3 million through wholly owned subsidiary Huationg Contractor, it said on Tuesday. The new contracts include site clearance and earthworks for land preparation at Changi Airport Terminal 5; and external works for the proposed development
        57 words
      • Article
        Lock icon SinoCloud
        63 10 IT SERVICES provider SinoCloud, listed on Catalist, has set up a new division to manage its China data centre business and restructured its management, it said in a bourse filing on Tuesday. The new data centre management unit, SinoCloud Asset Management, will be based in Beijing and will help
        63 words
      • Article
        Lock icon Biosensors International
        43 10 MEDICAL devices group Biosensors International will begin selling a drug-eluting stent system in Japan from Oct 1, it said in a bourse filing on Tuesday. Biosensors’ BMX-J drug-eluting stent system uses technology already well accepted by cardiologists in Japan, it said.
        43 words
      • Article
        Lock icon Kingsmen Creatives
        55 10 AN ASSOCIATE of mainboard-listed design and production company Kingsmen Creatives has set up a Myanmar unit that will provide services related to creative concepts and design work, the group said on Tuesday. The unit, Kingsmen Myanmar, was established by Kingsmen CMTI Public Company, of which Kingsmen Creatives owns
        55 words
      • Article
        Lock icon STATS ChipPAC
        85 10 SEMICONDUCTOR firm STATS ChipPAC said on Monday that most of the principal amounts of its 2016 notes and 2018 notes have been validly tendered as at the early tender deadline of 5pm on Sept 25, New York time. For its US$200 million 5.375 per cent senior notes due
        85 words
    • Article
      Lock icon SGX MAINBOARD
      1839 11 Transaction date: Sep 29 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 82 42 8Telecom Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 134 -0.5 674 135 133.5 1 8.3 850.4 LOW 183 129.5 ARA
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    • Article
      Lock icon SGX CATALIST
      342 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t SCnergy 10 1.2 0.4 t CPH 4.5 1.1 t Charisma Energy 1.2 unch 8079
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    • Article
      Lock icon SGX ETF
      150 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 112 CIMB APAC Div S$D 112.1cd -2.1 1 112.3 112.1 107.7 78.5 CIMB APAC Div US$ US78.5cd -1.9 25 78.5 78.5 8.2 1440 991 CIMBASEAN40 S$D 1050 -40 0
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      Lock icon Page 5 Advertisements Column 1
      126 5 Porsche recommends Mobil For more information, please visit www.porsche.com.sg Rebels, race on. The new Cayman GT4. First it takes your breath away. Then the fun begins. The new Cayman GT4 is rebel of the racetrack right to the core. With increased power of 283 kW (385 hp). With optimized aerodynamics
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      342 6 7th BUSINESS EXCELLENCE GLOBAL CONFERENCE FUTURE-PROOFING YOUR ORGANISATION 13 14 October 2015 Resorts World Sentosa, West Ballroom The Business Excellence (BE) initiative provides organisations with a roadmap for excellence. It helps organisations to strengthen their management systems and processes for high performance through adopting the business excellence framework. The line-up
      342 words
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      11 6 Congress, Fed helped save Goldman Sachs from Glencore fate, Page 16
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      9 8 For full listings of SGX prices, go to http://btd.sg/BTmkts
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      Lock icon Page 8 Advertisements Column 2
      67 8 Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information
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      82 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 U K an This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor
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  • REAL ESTATE
    • Article, Illustration
      Lock icon HK hotelier Artyzen eyes pan-Asian presence
      1103 12  -  But immediate focus of Shun Tak unit is Greater China where 7 properties are under development GLOBAL HOTEL SECTOR By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE is on the list of countries that hotel management firm Artyzen Hospitality Group is looking to expand into,
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      Lock icon US hotels spending big to keep up with latest market trends
      892 12 NYT New York INVESTING at record levels, owners of hotels across the United States are doing everything from rewiring their rooms and buying smart TVs, to replacing bathtubs with more easily maintained walk-in showers. These represent some of the
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    • Article
      Lock icon Singapore property auction market up in Q3
      337 12  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE Singapore property auction market picked up in the third quarter of the year compared to the second, said property consultant JLL. Deals worth S$27.6 million were done, more than double the S$10 million seen in the
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      114 12 PAYA UBI INDUSTRIAL PARK $1.50psf $350psf ONWARDS LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11 Prime B2 Site For Sale r 1 T Brenda Ong Maverick Li (CEA Reg No.: R*****4Z) (CEA Reg No.:
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  • STRATEGY SPOTLIGHT
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      Lock icon Keeping a check on personal devices
      1007 13  -  Companies must ensure that confidentiality is not compromised as the Bring Your Own Device to work trend grows.BY grows.BY FRANCIS KAN WITH the dramatic growth of cloud computing services and the proliferation of smart gadgets, more employees are asking to use their own devices
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      Lock icon Managing the risk of BYOD
      210 13 AT software solutions provider NICE Systems, Bring Your Own Device (BYOD) was introduced in January 2013. The company adopts a three-pronged strategy when it comes to managing the risk of BYOD. IImplement a corporate mobility policy that outlines security and responsibilities for both employer and
      210 words
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      192 13 2015 CPA CONGRESS LEADERSHIP. STRATEGY. BUSINESS. SINGAPORE 14 OCTOBER 2015 RAFFLES CITY CONVENTION CENTRE CPA Congress 2015 helps you capitalise on the opportunities in an evolving international business environment. With a range of dynamic sessions presented by knowledgeable keynote speakers on major trends, there's something for business and finance professionals
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      4 13 Brought to you by
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  • BANKING & FINANCE
    • Article
      Lock icon Investor interest in ETFs fizzles out as US dollar rally levels off
      761 14 ETF companies are left competing for a shrinking supply of fresh money BLOOMBERG New York SOME of this year’s hottest exchangetraded funds (ETFs) are starting to look like a flash in the pan. When the US dollar’s 21
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      Lock icon S&P may downgrade banks with lax cyber security
      375 14 BLOOMBERG New York BANKS with weak cybersecurity controls could be downgraded even if they haven’t been attacked, Standard Poor’s said on Monday in a report. While it hasn’t yet downgraded a bank based on its computer security, the ratings company said it
      BLOOMBERG  -  375 words
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      Lock icon China’s bond market is ‘overheating’: Bloomberg poll
      519 14 BLOOMBERG Shanghai THE bursting of China’s stockmarket bubble has scattered money into corporate bonds, causing them to overheat, financial companies surveyed by Bloomberg say. Nineteen of 21 respondents said that the credit market is “overheating”, according to the survey sent to onshore analysts,
      BLOOMBERG; PHOTO: REUTERS  -  519 words
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      2400 14 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices SAIZEN REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted under the laws of the Republic of Singapore pursuant to a trust deed dated 27 September 2007 (as amended)) NOTICE OF THE ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that
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      636 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CHAMPION EUROPE SOURCING ASIA PTE LTD Co. Reg. No. *****1524Z (IN MEMBER’S VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final
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      3604 15 ASIA-PACIFIC STRATEGIC INVESTMENTS LIMTED (Company Registration No.: *****9901H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalized terms in this Notice which are not defined herein shall have the same meaning ascribed to them in the Circular to Shareholders dated 30 September 2015. NOTICE IS HEREBY
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  • ENERGY & COMMODITIES
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      Lock icon Congress, Fed helped save Goldman Sachs from Glencore fate
      919 16 Review of Wall Street banks’ physical commodities units triggered sales of assets before broad commodity rout BLOOMBERG New York IN October 2011, things were looking bleak at Goldman Sachs Group Inc’s commodities business. Revenue was down, competition was up, employee attrition
      BLOOMBERG; PHOTO: BLOOMBERG  -  919 words
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  • TECHNOLOGY
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      313 17 KONICA MINOLTA PROTECT YOUR DATA, GROW YOUR B A Giving Shape to Ideas We used to spend a lot on security technology but often neglect the copious amount of data that resides in MFPs. Then, we realised that data is the most valuable asset in our business, and have since
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      435 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OIL GAS SOLUTIONS PTE. LTD. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****1879C) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened
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      2150 19 Company Registration Number: *****0660W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 39th Annual General Meeting (“AGM”) of GuocoLand Limited (the “Company”) will be held at Orchard Ballroom 1, Level 3, Orchard Hotel Singapore, 442 Orchard Road, Singapore *****9 on Friday,
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  • TRANSPORT
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      Lock icon Shipping shows surprising optimism
      1085 20  -  Amid relative gloom about China, forecasts of growth in world population and global trade are hailed as good news for the industry STRAIT TALK BY DAVID HUGHES JUST as the world was getting used to relatively gloomy news about China’s economic growth, international accountant and shipping
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      Lock icon BA invests in S’pore lounge, capacity boost
      529 20  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BRITISH Airways (BA), which has launched its revamped lounge at Changi Airport’s Terminal 1, will be boosting capacity into Singapore when it ramps up to a daily Airbus A380 service from year-end. Currently, it deploys its 469-seat
      529 words
    • Article
      Lock icon Germany launches criminal probe against VW ex-CEO
      651 20 AFP Frankfurt GERMAN prosecutors on Monday announced a criminal probe against Volkswagen’s (VW) former boss Martin Winterkorn as Volkswagen Group carmakers Audi and Skoda said more than three million of their vehicles were fitted with software designed to dupe emission tests. The German
      AFP  -  651 words
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      186 20 Key Learning Points Date: 24th Oct 2015 (Sat Time: 9.00am 5.00pm (Registration starts at 8.30am) Learn Simple and Powerful Trading Strategies that you can use right away Uncover the 3 Keys to Mastering Forex Fundamentals Get Tips on Trading the USD, EUR, SGD, AUD, GBP and more! Strategies for Day
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      60 20 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM™ THE STRAITS TIMES SINGAPORE 1845 THEN NOW TOMORROW ytr&iBam h SINGAPORE STOWES 4 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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      16 20 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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      98 21 Big Jubilee Fun BiggerWalk BiggestGoodieBag Be part of the SG50 celebrations and walk away with GOODIES WORTH $880, including a commemorative medal, a limited edition T-shirt, spa and beauty treats Relive the past, appreciate the present, relish the future Be one with Singapore, walk as one, be part of the
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  • GOVERNMENT & ECONOMY
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      Lock icon No contact from foreign investigators, says 1MDB
      714 22 Its president adds that some media reports politically motivated to undermine PM Najib REUTERS Kuala Lumpur MALAYSIA’S troubled strategic investment fund 1 Malaysia Development Bhd (1MDB) has not been contacted by any foreign investigators over allegations of mismanagement and corruption, its president Arul
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      Lock icon Indian central bank surprises with bigger-than-forecast rate cut
      670 22 BLOOMBERG Mumbai INDIAN central bank governor Raghuram Rajan built on his record of surprises with policy decisions on Tuesday, taking advantage of a rout in commodity prices to lower borrowing costs by more than forecast. Mr Rajan, who unleashed emergency measures to
      BLOOMBERG; PHOTO: AFP  -  670 words
    • Article
      Lock icon Chinese ambassador urges Australia to recognise benefits of FTA, strong bilateral ties
      417 22 XINHUA Melbourne MA Zhaoxu, Chinese Ambassador to Australia, has urged Australians to recognise the benefits of the Free Trade Agreement signed by the two countries 100 days ago and strong bilateral relations in general. Calling the China-Australia Free
      XINHUA  -  417 words
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      Lock icon China has his confidence, says Li Ka-shing in public rebuttal to reports
      434 22 BLOOMBERG Hong Kong LI Ka-shing expressed his full confidence in China on Tuesday, issuing for the first time a three-page rebuttal to reports that Hong Kong’s richest man is selling out of the world’s sec-ond-largest economy. Accusations that
      BLOOMBERG  -  434 words
    • Article
      Lock icon Axel Springer paying US$343m for 88% of Business Insider
      376 22 BLOOMBERG London GERMAN media company Axel Springer SE agreed to take over Business Insider Inc in a US$343 million deal, accelerating its push into English-lan-guage news after losing out a bidding contest for the Financial Times two months ago. Axel Springer
      BLOOMBERG  -  376 words
    • Article
      Lock icon Consumer confidence rises in Sept; property values up 5%
      337 22 LATEST US DATA REUTERS Washington US consumer confidence rose and was higher than expected in September, according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes rose to 103.0, the
      REUTERS  -  337 words
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      777 23 THE BUSINESS TIMES Shipping times 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 PG BTM PKL SUR JKT NOBLE SW 1 60 5/10 7/10 SEA CORAL 73 60 8/10 9/10 10/10
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      533 23 C a ila n E n n o r e J e d d a h B r Shanghai Chittagong i s b a n e Ho Chi Minh H o n g J e b e lA l NYK RORO (ASIA) PTE. LTD. K o n g REGULAR SERVICE
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      693 23 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAMERLANE FF536 14/09 18/09 20/09 22/09 28/09 05/10 SALOME FF537 22/09 27/09 29/09 01/10 06/10 14/10 TALISMAN FF540 16/10 20/10 23/10 25/10
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  • OPINION
    • Article
      Lock icon Indian PM woos US technology giants with his ‘Digital India’ push
      606 24 INDIAN Prime Minister Narendra Modi’s second visit to the US, for the UN General Assembly session, was more about business and less about international relations. EDITORIAL Mr Modi did make a speech at the UN session and also met
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      Lock icon China pushing ‘new model’ of ties with the US
      822 24  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA’S leader Xi Jinping averted a confrontation during his visit to the United States by agreeing with Barack Obama that
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    • Article
      Lock icon BUILDING GLOBAL ASIAN LEADERS
      1493 24  -  Organisations in the region need Asian leaders who can lead the business as well as bring the Asian perspective to global teams. BY SUNIL PURI teams.BY SUNIL PURI T The writer is head of research insights at Human Capital Leadership Institute. He is speaking at the
      1,493 words
    • Article
      Lock icon BRICs are dead, long live Emerging Markets!
      1134 25  -  COMMENTARY By Thierry Apoteker T The writer is chairman of Tac Economics INVESTORS may be forgiven for feeling cheated about the promises of Emerging Markets (EMs) as the 21st-century economic powerhouses. When Goldman Sachs famously heralded a new period of “Building the World
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      Lock icon The retreat of German rigour
      633 25  -  By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum CHARLES Goodhart, the distinguished British economist and former member of the Bank of England’s monetary policy committee, and Volkswagen, the German car giant, were both born within a
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    • Article
      Lock icon China’s ‘One Belt, One Road’ holds economic promise
      1307 25  -  Projects in China and major Asian countries could potentially benefit from the much-talked-about Chinese initiative. BY SHU-CHING JEAN CHEN BY SHU-CHING JEAN CHEN CHINA has couched its “One Belt, One Road” initiative in grand and cryptic terms, in its typical way. Still,
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  • LIFE & CULTURE
    • Article
      Lock icon South African clothes sellers eye fast local supply as rivals land
      432 26 REUTERS Cape Town SOUTH African retailers are waking up to the need to work more closely with a resurgent domestic textile industry to help fend off global fashion giants muscling in on the continent’s most lucrative market. Cheap Chinese
      REUTERS  -  432 words
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      Lock icon Busan film festival fuels Asia’s booming movie market
      785 26 It celebrates its 20th anniversary this year; 10-day event will open with world premiere of Indian drama Zubaan AFP Seoul ASIA’S most influential film festival kicks off on Thursday in the South Korean port city of Busan, celebrating its 20th anniversary at
      AFP; PHOTO: AFP  -  785 words
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      Lock icon Chinese embrace America’s culture – but not its policies
      783 26 Chinese embrace America’s culture but not its policies NYT Beijing WEARING a hoodie emblazoned with an oversized US dollar bill, Zhao Yixiang sells an American brand of skateboards for a living and admires much about the United States, including its raucous rap music and tradition of unfettered expression. “America is
      NYT  -  783 words
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      57 26 BuildTech Mandalay 2016 Mandalay's Leading Building Technology and Supply Event 20-22 JANUARY 2016 Mandalay City Hall, Myanmar 10am-6pm (20-21 Jan) 110am-5pm (22 Jan) Mandalay’s FIRST Building Construction Trade Exhibition! DISCOVER MARKET OPPORTUNITIES! twr m PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or call +65 6319 4037 Visit www.btmandalay.com for
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      17 26 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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  • Page 26 Miscellaneous
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      Lock icon Page 26 Miscellaneous Column 1
      310 26 CRYPTIC CROSSWORD Across 1 A loud story, not factual but friendly (7) 5 Presumptuous footballer? (7) 9 Terrace in occupation (5) 10 Idiot to get tight and then dance (9) 11 Recoil from falsehood in sincere broadcast (10) 12 A kind of short cut for sailors (4) 14 Hard case
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon The perils of forcing a sale of illiquid assets
      890 27 A lawsuit against Saba Capital’s Boaz Weinstein shows how a liquidity panic can possibly lead to a financial crisis NYT New York BOAZ Weinstein, the hedge fund manager famous for betting against the JPMorgan Chase trader known as the “London Whale”,
      NYT; PHOTO: BLOOMBERG  -  890 words
    • Article
      Lock icon Contrarian approach to investing in Venezuelan bond market
      681 27 BLOOMBERG Santiago WANT to make money in Venezuela’s bond market? Ignore the conventional wisdom. Stone Harbor Investment Partners LP has done just that. The New Yorkbased money manager has been buying up the country’s soon-to-mature notes as a bet that the struggling
      BLOOMBERG  -  681 words
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