The Business Times, 13 August 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33935
Total Pages: 40
1 32 The Business Times
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      59 1 BT LivingTHE BUSINESS TIMES WEEKEND AUGUST 13-14, 2016 DINING Epicurean Market delights L5 DINING Chef tie-ups L6-7 TRENDY TIE-UPS Local designers get a boost with collaborations that run the gamut L2-4 STYLE More in store at boutiques L8-9 PHOTO: BYND ARTISAN HOME GARDEN Oasis of calm L10-11 GADGETS The heat
      59 words
Page thumbnail Page 2 / 3
  • BT Living
    • Article, Illustration
      Lock icon TRENDY TIE-UPS
      3260 2 / 3  -  Local designers get a boost with collaborations that span the gamut. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT IN TUNE WITH FANS Bynd Artisan and Gentle Bones 44 Jalan Merah Saga #01-54 IT WOULDN’T be wrong to say that Winnie Chan, co-founder of Bynd Artisan, is a big fan
      PHOTOS: PUMA X LIMITED EDITION; PHOTOS: BYND ARTISAN; PHOTOS: ONITSUKA TIGERS; PHOTOS: ZAFFERANO, THE BESPOKE CLUB  -  3,260 words
Page thumbnail Page 4
Page thumbnail Page 5
  • DINING
    • Article, Illustration
      Lock icon One-stop gourmet delights
      487 5  -  The fourth edition of MBS’s annual Epicurean Market packs in gourmet produce, exclusive wines and spirits, and celebrity chef appearances and workshops. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg WHEN you’re living in a food-ob-sessed country, organising a stand-out food festival alongside countless other F&B events
      PHOTOS: EPICUREAN MARKET 2016  -  487 words
    • Article, Illustration
      Lock icon Market highlights
      329 5 Yardbird Southern Table Bar IF you love the sweet-sa-voury combination of chicken and waffles, then be prepared for the debut of MBS’s latest upcoming celebrity restaurant Yardbird Southern Table Bar. It serves a mean crispy fried chicken brined for 27 hours, alongside savoury waffles with Ched- dar, watermelon
      329 words
    • Article, Illustration
      Lock icon Power teams
      1014 6 / 7  -  Unlike in the past, chefs of today are joining forces in the kitchen to create new menus. By Rachel Loi By Rachel Loi IN the past, chefs would guard their recipes and techniques with their lives it would take years of boiling rice before a sushi chef would
      1,014 words
    • Article, Illustration
      Lock icon Upcoming collaborations
      549 6 / 7  -  By Rachel Loi @RachelLoiBT rachloi@sph.com.sg Bochinche Six Hands dinner with Artichoke and Esquina Bochinche, 115 Amoy Street, #01-02 Aug 14, 7.30pm S$120++ per pax 6handsdinner@bochinche. com.sg THIS weekend, chef patron Diego Jacquet of Argentinean restaurant Bochinche will be in town to host a Six Hands Dinner with Artichoke’s
      549 words
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
  • STYLE
    • Article, Illustration
      Lock icon MORE IN STORE
      1384 8 / 9  -  More than just a space to drive revenue, brick-and-mortar boutiques are extensions of brands and an investment in the future of building the business both online and off. By May Yip By May Yip BESIDES flocking to malls for the many Pokestops and lures, take a break
      PHOTOS: D.D COLLECTIVE; PHOTO: BENJAMIN BARKER; PHOTOS: CHRISTIAN DADA; PHOTO: JACK WILLS  -  1,384 words
Page thumbnail Page 10 / 11
  • HOME & GARDEN
    • Article, Illustration
      Lock icon OASIS OF CALM
      1311 10 / 11  -  Chief operating officer Grace Yip’s four-storey home at Upper Bukit Timah is nestled against nature and her idyllic retreat from the fast-paced banking world. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT AS chief operating officer of group human resources at a local
      PHOTOS: DON WONG  -  1,311 words
Page thumbnail Page 12
  • GADGETS
    • Article, Illustration
      Lock icon THE HEAT IS ON
      1248 12  -  The latest LG garment steamer and Dyson hair dryer are generating plenty of buzz. By Sherwin Loh By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT LG Styler Price: S$2,999 Capacity: 3 items 1 pants CLOTHES dryers, unlike in Western countries, are not common here, but there have been instances
      1,248 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      29 13 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/specials/shscc
      29 words
  • HEALTH
    • Article, Illustration
      Lock icon Plaques, platelets and heart attacks
      1565 13  -  Preventing disruption of plaques is key to avoiding a coronary artery blood clot Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese Doctors Association and
      PHOTO: FREEIMAGES  -  1,565 words
Page thumbnail Page 14
  • MOTORING
    • Article, Illustration
      Lock icon No small feat
      625 14  -  Audi’s RS Line marks the pinnacle of the range, with the new RS3 zipping from zero to 100kmh in 4.3 seconds. By Samuel Ee l By Samuel Ee samuelee@sph.com.sg IT may only be an extra cylinder and one more gear ratio but they can make a very
      625 words
    • Article, Illustration
      Lock icon POSH PORSCHE
      595 15  -  718 Boxster S, with a new engine and badge, is lighter and faster than the six-cylinder Boxster S it replaces. By Samuel Ee samuelee@sph.com.sg THE Porsche Boxster has been refreshed sans two cylinders but it doesn’t seem to have lost anything else. Instead, it has gained a new
      595 words
Page thumbnail Page 15
Page thumbnail Page 16
  • BT CORPORATE GOLF LEAGUE 2016
    • Article
      Lock icon Raising the ante for players
      374 16  -  The seventh edition of this event introduces a prize for the best individual stableford winner of each round. Reports by Justine Moss Reports by Justine Moss THIS year sees the seventh staging of this popular annual event which brings together some of Singapore’s top executives
      374 words
    • Article, Illustration
      Lock icon Team Boustead all set to defend title
      247 16 DEFENDING champions Team Boustead are back competing in the League for the third time. Says team captain Adrian Chu: “We had to return to defend our title this year even though we knew it would be more challenging given the returning champions of
      247 words
    • Article, Illustration
      Lock icon Team Fullerton returns to the fray
      283 16 THIS is the second year that Fullerton Healthcare has formed a team for the League the last time was in 2012. Fullerton is keen to support The Business Times once again as it believes that this event is a good platform to engage its
      283 words
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www. sinesstime .com. g| AUGUST 13-14, 2016 S$1.20| MCI (P) 040/08/2015 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article
    Lock icon Seeking answers in Parliament
    36 1 GOVERNMENT MEMBERS of Parliament file 144 questions for the upcoming sitting of the House on woes at Singapore Exchange, defective SMRT trains and lapses uncovered in the Auditor-General’s report, among others. 2
    36 words
  • Article, Illustration
    Lock icon Businesses latch on to Pokemon craze
    1165 1  -  They drop digital ‘lures’ near their premises, resulting in an increase in footfall; but observers say the move may not be sustainable By Chin Yong Chang ycchin@sph.com.sg Singapore IT has only been a week since the official release of Pokémon Go in Singapore, but
    PHOTO: TIFFANY GOH/THE STRAITS TIMES  -  1,165 words
  • Article
    Lock icon SMEs bo chap about innovation
    34 1 ECONOMY THE majority of small-medium enterprises in Singapore are not engaged in innovation, despite calls to sharpen competitiveness and increase productivity in the midst of a slowing economy. 5
    34 words
  • Article
    Lock icon GLP’s Q1 profit down 24%
    30 1 PROPERTY GLOBAL Logistic Properties reports that net profit for the fiscal first quarter to June 2016 has fallen 24.3 per cent to US$202.9 million. 10
    30 words
  • Article
    Lock icon More time sought on Volcker rule
    38 1 BANKING BIG Wall Street banks are asking the US Federal Reserve to grant them an additional five-year grace period to comply with a financial reform regulation known as the Volcker rule. 18
    38 words
  • Article
    Lock icon Rough patches for China on road to sustainable growth: IMF
    765 1  -  By Anthony Rowley btworld@sph.com.sg Tokyo CHINA’S economic slowdown to a more sustainable rate of growth continues, but the road ahead is likely to the bumpy at times, the International Monetary Fund (IMF) said on Friday in its latest Article IV
    765 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      57 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-15 Real Estate 16-17 Banking finance 18 Energy Commodities 19 Technology 20 Consumer 21 Transport 22 Govt Economy 23-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Cover Story L2-4 Dining L5-7 Style L8-9 Home Garden L10-11 Gadgets L12 Health
      57 words
    • Article
      Lock icon MPs file 144 questions for Parliament sitting
      430 2  -  WP chief to focus on prospects for SGX; several MPs will touch on MRT train cracks By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MEMBERS of Parliament have filed a total of 144 questions 108 for oral answer and 36 for written response for the
      430 words
    • Article
      Lock icon MARKETS
      135 2 HSTI 2,867.40 (-2.42) HSTI FUTURES 2,849.00 (-3.00) HSIMSCI 315.93 (-0.52) HSIMSCI FUTURES 314.30 (-1.30) STOCKS Friday Change KL COMP 1,684.15 +5.35 NIKKEI 225 16,919.92 +184.80 HANG SENG 22,766.91 +186.36 SET Closed JAKARTA 5,377.20 -41.89 MANILA 7,955.86 -25.49 KOSPI 2,050.47 +1.67 SHENZHEN B 1,159.06 +3.84 MUMBAI 28,152.40 +292.80 11.45 EDT
      135 words
    • Article, Illustration
      Lock icon China’s economic activity slows in July as reforms begin to bite
      450 4 Pace of fixed-asset investment slips to 8.1% in Jan-July from 9% in Jan-June period Reuters Beijing CHINA’S economic activity slowed in July, with investment growing at its slowest pace in more than 16 years in the year-to period, as
      Reuters; PHOTO: AFP  -  450 words
    • Article
      Lock icon Malaysia’s growth slips to 4% in second quarter
      355 4 Reuters Kuala Lumpur MALAYSIA’S growth slid again in the second quarter, moving at its slowest pace in nearly seven years, as poor global demand for commodities continued to impact the trading nation. South-east Asia’s third-largest economy grew 4 per cent in Q2
      Reuters  -  355 words
    • Article, Illustration
      Lock icon Many SMEs bo chap about innovation: SCCCI head
      723 5  -  Chamber’s poll finds that under 35% had invested in innovation in past 2 years By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THE majority of small-medium enterprises (SMEs) in Singapore are not engaged in innovation, despite calls to sharpen competitiveness and increase productivity in
      723 words
    • Article, Illustration
      Lock icon California Fitness gym chain chalked up losses of more than $25.6m
      441 5 The Straits Times Singapore JV Fitness, the company that owns and operates the now-closed California Fitness gym chain in Singapore, had chalked up losses of more than $25.6 million as at June 30 this year, said a report by
      The Straits Times; PHOTO: AZMI ATHNI/ THE STRAITS TIMES  -  441 words
    • Article, Illustration
      Lock icon Sharing a youthful vision
      591 6 / 7 Three Business Times interns set out to capture the Singapore spirit AS Singapore celebrated its 51st National Day this week, Singaporeans took time to reflect on what it means to be part of a unique nation, as they went out to catch the fireworks, proudly donned
      591 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      55 3 t <1 Jjl i i 1/ NOW OPEN VARENNA KITCHEN GALLERY An innovative showcase of the world's leading kitchens Jr i m Official Kitchen Lifestyle Partner: Miele SINGAPORE 77 Bencoolen Street T 65 6415 0000 KUALA LUMPUR Level 3, The Intermark, 348 Jalan Tun Razak T 603 2166 2212 SYDNEY,
      55 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Creating systems of content
      2802 8 / 9  -  Miles Young, global chairman of O&M, talks about the transformation power of digitalisation and the challenges that brands face in a multi-polar world. By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT MILES Young, the worldwide chairman of Ogilvy Mather (O&M), the New York-based advertising, marketing and public relations
      PHOTO: ARTHUR LEE  -  2,802 words
Page thumbnail Page 10
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon GLP’s Q1 net profit falls 24%
      808 10  -  This is due to unrealised forex losses, lower revaluations on fund management business; core earnings are up 7% By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore GLOBAL Logistic Properties (GLP) on Friday reported that its net profit for the fiscal first quarter to June 2016 fell
      808 words
    • Article
      Lock icon Golden Agri’s Q2 profit surges on deferred tax income boost
      548 10  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore DEFERRED tax income helped give a lift to earnings for Golden Agri-Resources for its second quarter, even as revenue slid. Net profit rocketed 279 per cent to US$39.5 million from the previous year, the
      548 words
    • Article, Illustration
      Lock icon Earnings season provides main play this week
      530 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent CORPORATEearn-ings were the main focus this week, during which the Straits Times Index (STI) rose 40 points or 1.4 per cent to 2,867.40, including Friday’s 2.42point drop. Providing the backdrop was a largely firm Wall Street,
      530 words
    • Corporate digest
      • Article
        Lock icon The Straits Trading Co
        150 11 THE Straits Trading Company pulled itself out of the red with a net profit of S$5.79 million for the second quarter ended June 30, versus a net loss of S$1.14 million a year ago. The bottom line was strengthened by higher revenue, fair value changes in
        150 words
      • Article
        Lock icon Wheelock Properties
        102 11 REAL estate developer Wheelock Properties posted a net profit of S$35.3 million for the three months ended June 30, 2016, almost double from S$17.7 million a year ago. Revenue almost quadrupled to S$300.9 million from S$80.1 million a year ago. This was mainly due to sales of units
        102 words
    • Article
      Lock icon GAINERS
      73 11 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 255.7 0.9 *****/***** JMH USD 6020 175.0 2.2 6103/4500 Jardine C&C 4332 81.0 1.9 4520/2636 DBXT MSAsExJp US$ 3517 71.3 1.5 3517/2772 DBXT China50 US$ 3100 59.2 1.4 3271/2355 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.3 50.0 0.1
      73 words
    • Article
      Lock icon LOSERS
      71 11 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -94.2 -0.5 *****/***** Hyflux 6% CPS ***** -52.0 -0.5 *****/***** Delfi 232 -29.0 -11.1 335/193 Great Eastern 2110 -24.0 -1.1 2332/1870 DBXT Vietnam US$ 2375 -14.8 -0.5 2592/2017 BY PERCENTAGE CLOSE DOWN 52w high/low Foreland FabriT 0.9 -52.6 -1.0 3.5/0.9
      71 words
    • Article
      Lock icon MOST ACTIVE
      33 11 VOLUME HSI*****MBeCW*****9 159,587,300 Noble 134,892,000 Annica 125,000,000 HSI*****MBePW*****9 123,788,400 SingMedical 49,160,900 Market volume 1,810,390,000 VALUE DBS Grp 74,664,327 Singtel 68,322,010 JMH USD 40,240,690 OCBC Bank 35,440,262 UOB 34,014,548 Market value 987,582,000
      33 words
    • Article
      Lock icon Keppel DC Reit acquires data centre in Milan for 37.3 million euros
      361 11  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore KEPPEL DC Reit said to be the first pure-play data centre Reit listed in Asia has acquired the shell and core building of a data centre in Milan, Italy, for 37.3 million
      361 words
    • Article
      Lock icon STI STOCKS
      312 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 -1 246/242 257 209 6.3 6564.2 CapitaCom Trust 157.5 +0.5 158/156 158.5 122.5 5.5 4657.9 CapitaLand 321 -1 323/318 340 267 12.8 2.8 *****.3 CapitaMall Trust 215 -3 218/213 225 184.5
      312 words
    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap CIMBASEAN40 US$ US885 +6 175 885/885 885/700 881/886 138.8 IS MS INDIA US$ US732 +11 151 740/727 772/575 732/735 91.5 STI ETF 289 -2 124 291/289 316/254 289/290 DBXT MSAsExJp US$ US3517 +53 96 3517/3500 3517/2772
      109 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      788 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 8 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Ezion Hldgs 11-Aug-16 Chew Thiam Keng Buy 1000 0.29 ***** 1.31 ***** 1.36 Global Premium 10-Aug-16 Koh
      788 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 1 0 0 6 5 5 Manufacturing 35 43 34 7 12 12 42 55 46 Commerce 21 13 13 2 5 6 23 18 19 Tpt/Stor/Comms 11 14 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,640 104 15,744 37,923 18 37,941 Manufacturing 130,339 146,383 276,722 135,376 812 136,188 Commerce 157,574 20,324 177,898 100,076 643 100,718 Tpt/Stor/Comms 102,978 4,346 107,324 149,301 434 149,735 Finance 16,532 88 16,620 160,086 13 160,099 Construction
      123 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Aug 12 VALUE CLOSE BT OB/OS -344.00 +80.00 BT CADI -*****.00 -11.00 BT 10-day MA -*****.00 -34.00 FTSE ST Mid Cap 685.18 +0.62 FTSE ST Small Cap 384.44 -0.30 FTSE ST All Share 701.40 +0.69 FTSE ST China Top 157.82 -0.02 FTSE ST China 189.89 -0.24 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      83 12 VOL CLOSE($) CHANGE Raffles United 284.3 0.166 +0.048 +40.68 China Yuanbang 32.0 0.495 -0.055 -10.00 Foreland FabriT 2,000.0 0.009 -0.010 -52.63 Swing Media Tech 2,500.4 0.700 +0.080 +12.90 FJ Benjamin 67.1 0.059 +0.016 +37.21 CPH 1,426.7 0.006 +0.001 +20.00 Delfi 2,197.2 2.320 -0.290 -11.11 PS Group 250.0 0.175
      83 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Aug-11 Price Net change change Last Trade Agricultural Aug-11 CBOT Soybeans (US cents/bu) 1022.25 5.25 0.52% 12/8/2016 CBOT Soybean Oil (US cents/lb) 31.71 0.21 0.67% 12/8/2016 CBOT Wheat (US cents/bu) 416.25 -5.50 -1.30% 14/09/2016 Aug-11 LIFFE Cocoa (£/tonne) 2413.00 -7.00 -0.29% 15/09/2016 LIFFE Coffee (US$/tonne) 1808.00 -10.00 -0.55%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Aug 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 16 2610.0 2620.0 2660.0 2610.0 21 1646 Sep 16 2554.0 2620.0 2642.0 2544.0 3046 ***** Oct 16 2489.0 2525.0 2551.0 2475.0 ***** ***** Nov 16 2451.0 2491.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Aug 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.4 99.40 99.34 5-Year NX*****X 2.250 01-Jun-21 104.29 104.35 103.95 10-Year NX*****F 2.125 01-Jun-26 103.3 103.42 102.85 15-Year NZ*****F 2.875 01-Sep-30 110.22 110.30 110.30 20-Year NZ*****X 2.250 01-Aug-36 101.98
      69 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Aug 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0353 1.0366 0.7692 0.7697 Canadian dollar 1.0376 1.0384 0.7710 0.7709 Euro 1.5000 1.5014 1.1144 1.1148 NZ dollar 0.9693 0.9705 0.7201 0.7206 Sterling pound 1.7432 1.7450 1.2951 1.2957
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      206 13 Most active Aug 12 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 10.9 1.3 *****7 0.0 1 HSI ***** MB ePW*****9 6.4 -1.2 *****8 0.0 1 DBS MB eCW*****1 10.6 0.4 5650 0.1 1550 6
      206 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Aug 11 Index Change Change Change Change Change Change World Preliminary 1315.0 0.5 2.9 0.7 -1.2 0.5 4.4 EAFE Preliminary 976.9 0.5 -3.6 0.7 -5.8 0.5 -0.5 Europe Preliminary 1409.5 0.8 -0.2
      377 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article, Illustration
      Lock icon Olam Q2 earnings up 20% on smaller fair value loss
      545 14  -  Net profit jumps to S$114.9m from S$95.8m for year-ago period By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EARNINGS for Olam International rose 20 per cent for the second quarter, thanks to a smaller loss from changes in fair value of biological
      PHOTO: BLOOMBERG  -  545 words
    • Article
      Lock icon Australian properties boost Ho Bee’s Q2 profit, revenue
      373 14  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore IT WAS a “g’day, mate” for Singapore’s mainboard-listed Ho Bee Land: the property group reported a sterling showing for the second quarter ended June 30, thanks to the recent completion of two of its Australian residential
      373 words
    • Article
      Lock icon ComfortDelGro’s Q2 net profit rises 5.3% to S$85.2m
      494 14  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AIDED partly by lower operating costs, ComfortDelGro’s secondquarter net profit grew 5.3 per cent to S$85.2 million from the preceding year. For the three months ended June 30, revenue slipped 1.4 per cent year-on-year to S$1.02
      494 words
    • Article, Illustration
      Lock icon ST Engineering’s Q2 net profit up 1.8% to S$127m
      471 15  -  Revenue rises 5.1% to S$1.62b; new subsidiary boosts aerospace revenue By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Technologies Engineering (ST Engineering) recorded a 1.8 per cent growth in its net profit to S$127.26 million for its financial second quarter ended
      BT FILE PHOTO  -  471 words
    • Article
      Lock icon Haw Par Q2 profit drops 58% in absence of one-offs
      422 15  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore HAW PAR Corp’s net profit for the second quarter fell 58.3 per cent to S$48.4 million, or 22.1 Singapore cents per share, in the absence of year-ago disposal gains and on a drop in
      422 words
    • Article
      Lock icon HK court rules against OCBC private bank in mis-selling case
      358 15 Bloomberg Singapore HONG Kong’s High Court ruled against Oversea-Chinese Banking Corp’s private bank in a mis-selling case, saying the unit and a relationship manager had breached their contractual duty towards an elderly couple who lost money on investments made with
      Bloomberg  -  358 words
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
  • REAL ESTATE
    • Article, Illustration
      Lock icon Chinese developer said to have triggered Central Blvd site
      910 16  -  It has undertaken to bid at least S$1.536b or S$1,010 psf ppr for the predominantly office site By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A DEVELOPER from mainland China is likely to have triggered the plum Central Boulevard site from the government’s
      910 words
    • Article
      Lock icon Househunt
      1277 17 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 29 AND JULY 5, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED 8 Mt Sophia Apt 30/06/2016 103 893 1350 1511 Hijauan Apt 04/07/2016 FH 732 1400 1913
      1,277 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      120 16 *"'X a cz a mm Contact Investment Properties Sammi Lim Yap Hui Yee (CEA Reg No. R*****9J) (CEA Reg No.: R*****5Z) 9368 9803 9852 3687 LAVENDER STREET LAVENDER PLACE r Full Commercial 100M Road Frontages 11 contiguous shophouses with lift Site area: approx. 17,561 sq ft Existing floor area: approx.
      120 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      64 16 GOOD CLASS BUNGALOW CABLE ROAD *****/8600 sf 10 Carpark lots 30m frontage, beautiful land Vacant, privacy, quiet, nice garden Motivated seller Exclusive Marketing Agent K H Tan *****348 Newsman Realty Pte Ltd Estate Agt L*****29F CEA Reg R*****9A Everything, plus the kitchen sink Select furniture for your home or showcase
      64 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      36 16 GOOD CLASS BUNGALOW SWISS CLUB ROAD 20,000 sqft Beautiful flat land Panoramic view, quiet Rebuild or A&A Motivated seller Exclusive Marketing Agent K H Tan *****348 Newsman Realty Pte Ltd Estate Agt L*****29F CEA Reg R*****9A
      36 words
Page thumbnail Page 17
Page thumbnail Page 18
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Wall St banks ask Fed for 5 more years to comply with Volcker rule
      620 18 New request, which was widely expected, concerns only ‘illiquid’ fund investments Reuters Washington BIG Wall Street banks are asking the US Federal Reserve to grant them an additional five-year grace period to comply with a financial
      Reuters; PHOTO: REUTERS  -  620 words
    • Article
      Lock icon RBI blocks coupon payment by bank
      491 18 Indian issuer uses loss-absorption rules on bank capital securities IFR Singapore INDIA’S central bank has blocked a small local lender from paying a coupon on its subordinated bonds after its capital ratio dropped below the regulatory minimum, highlighting the risks investors face in the
      IFR  -  491 words
    • Article
      Lock icon Falls of up to 25% seen for US banker bonus payout
      263 18 IFR New York BANKERS involved in debt and equity underwriting are facing bonus cuts of up to 25 per cent due to a slowdown in initial public offerings and debt underwriting this year, according to a report by Johnson
      IFR  -  263 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      242 18 In the matter of The Companies Act, Cap. 50 And In the matter of WAVELINK TRAVEL PTE. LTD. (Reg. No. *****3078K) (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the
      242 words
Page thumbnail Page 19
  • ENERGY & COMMODITIES
    • Article
      Lock icon US$15b of Chinese energy deals cancelled
      718 19 Mainland infrastructure investors have had plugs pulled on such deals over two weeks Bloomberg Hong Kong CHINA’S infrastructure investors have had a tough two weeks, with plugs being pulled on at least US$15 billion of potential deals in nuclear power and electricity distribution. Britain
      Bloomberg  -  718 words
    • Article, Illustration
      Lock icon Steel protectionism going global as few can survive low prices
      642 19 Bloomberg Moscow FROM the US to India, regulators around the world are pushing harder than ever to shield local steel industries from foreign competition. Nations imposed 85 new duties and other taxes on steel imports in the first half, according
      Bloomberg; PHOTO: BLOOMBERG  -  642 words
Page thumbnail Page 20
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Indonesia’s Telkom to share network with smaller rivals
      683 20 Spectrum-sharing will drive the momentum around Indonesia’s broadband plan: Fitch Reuters Jakarta INDONESIA’S leading state-con-trolled telecoms operator may be forced to share a key part of its network with smaller rivals, government officials told Reuters, under a landmark proposal to liberalise a
      Reuters; PHOTOS: REUTERS  -  683 words
    • Article
      Lock icon Microsoft buys interactive game streaming startup
      375 20 AFP San Francisco MICROSOFT on Thursday said it is bolstering its Xbox arsenal with the purchase of a startup specialising in letting people join in the fun while watching live-streamed game play. Microsoft did not disclose financial terms of the deal to buy Seattle-based
      AFP  -  375 words
    • Article
      Lock icon Google fined for breaking Russian antitrust rules with Android
      356 20 NYT New York RUSSIAN antitrust officials fined Google US$6.8 million on Thursday, a relatively small penalty that nevertheless represents the latest in a growing list of global regulatory problems for the US search giant. Russian authorities ruled last year that Google
      NYT  -  356 words
Page thumbnail Page 21
  • CONSUMER
    • Article, Illustration
      Lock icon Dwindling discounts threaten China’s online consumer paradise
      1115 21 Two main causes: consolidation, and a deepening investment drought Bloomberg Hong Kong FOR the past year, Li Weiling has been living large on the cheap in Beijing, courtesy of deep-pocket-ed investors from around the world. The 30-year-old advertising professional has been swinging like
      Bloomberg; PHOTO: AFP  -  1,115 words
    • Article
      Lock icon South Korea looks to generate buzz for edible insects
      415 21 Reuters Seoul BAE Su-Hyeon’s lunch of sweet potato soup and funghi pasta has bugs in it. They’re part of the recipe. “It didn’t feel like eating ins e c t s sa y s M s B ae an 18-year-old student
      Reuters  -  415 words
Page thumbnail Page 22
Page thumbnail Page 23
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Weak retail sales dim Fed rate hike prospect
      599 23 This moderation in US consumer spending could temper expectations of sped-up growth in the third quarter LATEST US DATA Reuters Washington RETAIL sales in the US were unexpectedly flat last month, as Americans cut back on purchases of clothing and other goods,
      Reuters; BLOOMBERG  -  599 words
    • Article
      Lock icon 4 killed in wave of bombings in Thailand
      619 23 NYT Bangkok A SERIES of bombings struck five provinces in Thailand, mostly at sites popular with tourists, on Thursday and Friday, in what a senior Thai official called a coordinated wave of attacks. Four people were killed and dozens wounded, the police
      NYT  -  619 words
    • Article, Illustration
      Lock icon The yuan anniversary that really matters
      838 24 Breaking the US dollar peg 11 years ago helped set the stage for China’s emergence as an economic superpower Bloomberg Hong Kong CHINA’S sudden devaluation of its currency a year ago this week dubbed the “yuanniversary” by traders was an epic market shock. The
      Bloomberg; PHOTO: BLOOMBERG  -  838 words
    • Article, Illustration
      Lock icon German growth slows less than forecast in Q2 as exports pick up
      800 25 GDP up by seasonally-adjusted 0.4%, signals economy can handle fallout of Brexit vote Bloomberg Warsaw GERMAN growth slowed less than analysts predicted in the second quarter, signalling that the region’s largest economy may be robust enough to handle
      Bloomberg; PHOTO: REUTERS  -  800 words
    • Article
      Lock icon New RM100b EPF fund set to boost Islamic finance in M’sia
      502 25 Reuters Kuala Lumpur MALAYSIA’S Islamic finance market is set for a much-needed boost when the country’s largest pension fund launches a RM100 billion (S$33.5 billion) Islamic fund in January, offering a potential boon for asset managers. The Employees Provident
      Reuters  -  502 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      51 23 HOT PROPERTY BARTLEY CONDO. MRT 2 mins, all amenities. 3rm Dual Key fr $1.3xM! Good size. Low psf! Grab! SUITES @PAYA LEBAR 1 bdrm 409 sf. Face pool. Nice reno. Near NEX, MRT. Quiet. $60xK neg. APARTMENTS FOR SALE Check out these properties and more in The Straits Times Classified
      51 words
Page thumbnail Page 24
Page thumbnail Page 25
Page thumbnail Page 26 / 27
  • OPINION
    • Article, Illustration
      Lock icon Desperately saving the global economy
      1639 26 / 27  -  Central bankers should abandon QE and allow interest rates to go up, reinstating the price mechanism in the money market. By Joergen Oerstroem Moeller By Joergen Oerstroem Moeller ~The writer is visiting senior fellow at ISEAS Yusof Ishak Institute, Singapore, and adjunct professor at Singapore
      PHOTO: FREEIMAGES  -  1,639 words
    • Article, Illustration
      Lock icon Mobile-first doesn’t mean mobile only
      715 26 / 27  -  By Caroline Hsu ~The writer is chief marketing officer of Appier IT’S hard not to get excited about mobile, especially in Asia. After all, it is common knowledge that Asia is on the forefront of the global shift to mobile. We are the world’s first
      PHOTO: REUTERS  -  715 words
  • Page 26 / 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 / 27 Miscellaneous Column 1
      35 26 / 27 SATURDAY with Simon Housing agents’ latest pitch “This place is the breeding ground for rare Pokémon. You can find two PokeStops located in the living room and bedroom and there’s a battle gym downstairs.” s
      35 words
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Whisky investment: rare bottles soar but watch the risks
        1180 28 / 29  -  Diageo rolls out initiatives that include private client events at its ‘Johnny Walker House’ and the ‘Cask of Distinction’ investment programme. By Genevieve Cua By Genevieve Cua YOU’VE heard of wine investing. Now consider yet another investment of passion whisky. Rising
        Source: RW101  -  1,180 words
      • BROKERS' TAKE
        • Article
          Lock icon Noble Group | Hold
          163 28 / 29 Noble Group Hold Aug 12 close: S$0.148 Target price: S$0.175 DBS Group Research, Aug 12 We believe it will take time for Noble to restore confidence in its business model given negative operating cashflows, volatile profits and various credit agencies placing Noble on a negative outlook. To overcome investor concerns,
          163 words
        • Article
          Lock icon Land transport sector | Neutral
          201 28 / 29 Land transport sector Neutral OCBC Investment Research, Aug 12 LTA has agreed with SBS Transit and SMRT Corporation (SMRT) on the transition to the new bus government contracting model (GCM) which will come into effect on Sept 1. ComfortDelgro (CDG) will operate eight packages over two to 10 years, and
          201 words
        • Article
          Lock icon Wilmar International | Sell
          204 28 / 29  - Wilmar International Sell Compiled by Andrea Soh Aug 12 close: S$3.08 Target price: S$3.05 UOB KayHian, Aug 12 2Q16 core net loss of US$220 million came in as per management guidance. Sales volumes across all divisions showed good growth. The 2Q16 losses were mainly from the manufacturing business within the
          204 words
      • Article, Illustration
        Lock icon Asia’s scramble for dividends gets moving
        600 30  -  To help buoy returns, managers of large pools of money are looking to dividend-paying stocks with manageable volatility By Andy Mukherjee Bloomberg Singapore HOW do you stop life insurers and pension funds from drowning in cash? Let them float on a thicker cushion of
        Bloomberg; PHOTO: BLOOMBERG  -  600 words
      • Article, Illustration
        Lock icon Giving actively managed ETFs a new twist
        357 30 Bloomberg Washington FIDELITY Investments is taking a new tack in an industry push for actively managed exchange-traded funds (ETFs). The firm’s approach, outlined on Thursday in a filing with the US Securities and Exchange Commission (SEC), would be modelled on a closed-end fund,
        Bloomberg; PHOTO: BLOOMBERG  -  357 words
  • Page 28 / 29 Advertisements
Page thumbnail Page 30
Page thumbnail Page 31
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon From a Rio favela to Olympic gold
      654 31 Organisers may boast of beaches, but the Games have also highlighted the city’s slums WP Rio de Janeiro MOMENTS after winning Brazil’s first gold medal of the Olympics, Rafaela Silva broke down, wiping away her tears with a bandaged hand, and told her
      WP; PHOTO: REUTERS  -  654 words
    • Article
      Lock icon No feminist debate in China over high heels
      455 31 NYT New York THERESA May barely had her feet under the table as Britain’s new prime minister when Chinese fashionistas began discussing her shoes, her gender and her power, in that order. “We are watching Madame Meiyi,” Hou Haiyan, 28, a fashion
      NYT  -  455 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      293 31 CRYPTIC CROSSWORD Across 1 Balance cost in Europe being reorganised (12) 8 Inspirational passage? (7) 9 Carried on quietly, perhaps? (7) 11 Actor Hardy taking lead in Inception (7) 12 Demanding euro’s scrapped after negative vote’s returned (7) 13 Power push producing witch hunt (5) 14 Almost tense and hurt
      293 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      109 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      109 words