The Business Times, 15 August 2016

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Microfilm: NL33935
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Monday, August 15, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    238 1 Kelvin Lim might run a security business as chief executive of IPS Securex but relationships are his chief asset, whether between customers, principals, resellers or staff. COMPANIES MARKETS 5 Britain’s bid to break with Europe may finally be cooling the most expensive big-city housing market in the west.
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  • Article, Illustration
    Lock icon Short-term pain as dividends come under pressure
    1052 1  -  But temporary dividend cut amid soft earnings better in the long run than measures such as axeing staff: analysts By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SINGAPORE companies may have managed to maintain stable dividend payouts this year but analysts caution that persistently lacklustre
    Source: Deloitte Singapore, OCBC Investment Research report  -  1,052 words
  • Article
    Lock icon Another Tesla comes to town, powered by S$10k rebates
    897 1  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ANOTHER Tesla car is coming to town, this time powered by rebates The Business Times understands that a brand new Tesla Model S variant is expected to be introduced soon, only the second Model S
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,867.40 39.23 KL Comp 1,684.15 20.11 Nikkei 225 16,919.92 665.47 Hang Seng 22,766.91 620.82 Shenzhen B 1,159.06 9.59 Dow 18,576.47 32.94
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  • Page 1 Advertisements
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      41 1 *****1 *****1 THE BUSINESS TIMES OYSTER PERPETUAL DAY-DATE 40 ROLEX Cortina watch MARINA SQUARE, #02-38. TEL: 6250 7712 CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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      13 1 GOLDEN BOY BT retraces Joseph Schooling's laps to Olympic success TOP STORIES 4
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      36 1 KEEPING SINGAPORE SAFE What needs to be done to counter the growing threat of terrorism? views from the top 14-15 OFFBEAT OPTIONS Nekkid and Kama offer a nice change from the same-old, same-old dining out 25
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      7 1 Tesla staging comeback in Singapore, Page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Tesla making a comeback in Singapore
      769 2  -  Electric car maker plans to introduce its latest model here, together with charging infrastructure By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore TESLA Motors is aiming to make a comeback in Singapore by introducing its cars and charging infrastructure here. The Business Times understands that executives
      PHOTO: AFP  -  769 words
    • Article, Illustration
      Lock icon 2007: S’pore revs up tourism renewal with F1 rights
      337 2  -  Catalist replaces Sesdaq; iPhone makes debut. BY KENNETH LIM INGAPORE stepped up its revitalisation as a tourism destination in the years leading into the 2010s with bold plans to create world-class destinations and events, and in 2007 those efforts culminated in
      BT Graphics: Andrea Lee  -  337 words
    • Article, Illustration
      Lock icon Singapore’s water wizard
      221 4  -  Joseph Schooling stunned the world when he clinched an Olympic gold medal Singapore’s first in the 100m butterfly in Rio. The Business Times looks back on his previous races in this event to chart his steady rise to a new Olympic record. BY KELLY TAY BT Infographics
      BT Graphics: Hyrie Rahmat; Photo: CNA, Reuters; Compiled by BT; *All timings achieved during finals, except for 2012 Olympics (heats)  -  221 words
    • Article
      Lock icon PM Lee to deliver National Day Rally speech on Aug 21
      199 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THIS year’s National Day Rally speech will be delivered by Prime Minister Lee Hsien Loong on Sunday, Aug 21, at the Institute of Technical Education (ITE). A statement from the Prime Minister’s Office
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    • Article, Illustration
      Lock icon A bighearted giver right from the start
      791 4  -  Neo Group’s head honcho attributes his business success to lifelong philanthropy COMPANY OF GOOD By Renald Yeo yrenald@sph.com.sg Singapore GROWING up, Neo Kah Kiat never saw his family having enough money. The electricity and water supply was often cut off from his three-room
      FILE PHOTO  -  791 words
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      232 2 n d n j e Reporting Sta nsights on the latest accounting and regulatory requirements Wednesday, 24 August 2016 Grand Copthorne Waterfront Hotel mm The continuous evolution of financial reporting requirements have affected areas such as revenue recognition, financial instruments and lease accounting standards, as well as sustainability reporting. Join
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  • Page 3 Advertisements
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      101 3 „*Sr 1 'rlras j&r' -v- -v v Our view of the world helps investors see the way forward. a L w ..Pi. f J annum 1C A:¥i|lf w w L! i Our investment process is anchored by our macro outlook for the global economy, financial markets, central bank policy and
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      71 4 rang mahal A LEGACY OF FINE DINING SINCE 1971 table* byranq mahal Commemorates the Birth of India's Freedom. Happy Independence Day! RANG MAHAL LEVEL 3 PAN PACIFIC SINGAPORE T:(65) 6333 1788 E:rangmahal@rangmahal.com.sg TABLE BY RANG MAHAL NAUMI HOTEL T:(65) 6403 6005 E:table@rangmahal.com.sg www.rangmahal.com.sg Blow your own trumpet Buy new musical
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Building a network of trust in the security trade
      1276 5  -  IPS Securex has grown from a single-product business to a company with a market capitalisation of about S$78m. TOPLINE S$78m.BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT KELVIN Lim might run a security business as chief executive of IPS Securex but relationships are his
      PHOTO: ARTHUR LEE  -  1,276 words
    • Article, Illustration
      Lock icon Improving governance disclosures to drive value
      880 7  -  Greater transparency seen boosting investment, positively influencing share price. BY IRVING LOW BOARDROOM MATTERS BY IRVING LOW T The writer is a member of the Governing Council of the Singapore Institute of Directors. BASED on the recent SGX-KPMG Corporate Governance Study, main-board-listed companies should
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    • Article
      Lock icon Buying among directors rises, selling stays flat
      1646 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited By THE buying among directors rose for the first time in the past six weeks while the selling was flat based on filings on Singapore Exchange (SGX) during the
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    • Article, Illustration
      Lock icon STI / Catalist
      33 8 STI Catalist WEEKLY Straits Times Index Aug 12,2016 2,867.40 +39.23 (+1.39%) Current streak 2 days Week high 2,875.57 Week low 2,828.17 52-week high 3,114.25 (Aug 14, 2015) 52-week low 2,539.95 (Feb 12, 2016)
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    • Article
      Lock icon STI STOCKS
      312 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 -4 249/242 257 209 6.3 6564.2 CapitaCom Trust 157.5 +4.5 158/153.5 158.5 122.5 5.5 4657.9 CapitaLand 321 -1 328/318 340 267 12.8 2.8 *****.3 CapitaMall Trust 215 +1 222/213 225 184.5
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    • Article, Illustration
      Lock icon Second-liners starting to show some life
      633 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT PERHAPS the most striking feature of last week’s trading was the way some second and thirdliners struck out on their own, independent of how the Straits Times Index (STI) was performing at the time. Whether the impetus came
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Aug 12,2016 701.40 +10.50 (+1.52%) Current streak 4 days Week high 701.40 Week low 690.90 52-week high 746.08 (Aug 14, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article
      Lock icon GAINERS
      105 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 652.8 3.9 *****/9646 Lyxor Indonesia US$ 9341 424.0 3.5 9341/6250 JMH USD 6020 347.3 4.5 6103/4500 DBXT E50 US$ 4532 262.5 4.5 5031/3918 SPDR S&P500 US$ ***** 255.7 0.9 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Metech Intl 0.3
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -321.7 -1.8 *****/***** Hyflux 6% CPS ***** -68.0 -0.7 *****/***** Great Eastern 2110 -31.0 -1.4 2332/1870 DBS Bk 4.7% NCPS ***** -20.0 -0.2 *****/***** DBXT MSINDO US$ 1462 -16.2 -0.8 1534/911 BY PERCENTAGE CLOSE DOWN 52w high/low Vashion 0.3 -70.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Raffles United 284.3 0.166 +0.048 +40.68 China Yuanbang 32.0 0.495 -0.055 -10.00 Foreland FabriT 2,000.0 0.009 -0.010 -52.63 Swing Media Tech 2,500.4 0.700 +0.080 +12.90 FJ Benjamin 67.1 0.059 +0.016 +37.21 CPH 1,426.7 0.006 +0.001 +20.00 Delfi 2,197.2 2.320 -0.290 -11.11 PS Group 250.0 0.175
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    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME HSI*****MBeCW*****9 491,128,800 Noble 432,486,200 HSI*****MBePW*****9 358,148,900 Ezra 167,176,000 SingMedical 159,520,400 Market volume 6,588,082,000 VALUE Singtel 465,109,365 DBS Grp 420,723,651 UOB 258,420,469 OCBC Bank 188,799,012 Ascendas Reit 117,880,255 Market value 4,441,497,000
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    • Article
      Lock icon SGX ETFs
      108 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 289 +2 924 292/288 316/254 289/290 IS MS INDIA US$ US732 +4 473 741/721 772/575 732/735 91.5 DBXT MSINDO us$ US1462 -12 243 1534/1462 1534/911 1466/1472 CIMBASEAN40 US$ US885 +18 229 885/867 885/700 881/886
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    • Article
      Lock icon COMPANY MEETINGS
      88 8 COMPANY MEETING PLACE DATE TIME Transcorp Hldgs E Poolside Events Rm (Lvl 1) 15-Aug 3.00pm S'pore Polytechnic Graduates’ Guild 1010 Dover Road Forise Intl E 4 Shenton Way SGX Centre 2 #17-01 18-Aug 10.00am Sinwa Ltd E 28 Joo Koon Circle 18-Aug 10.00am Soilbuild REIT E Raffles City
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 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
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Aug 12,2016 1,710.73 +45.41 (+2.73%) Current streak 7 days Week high 1,710.73 Week low 1,675.00 52-week high 1,840.94 (Aug 14, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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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 9 3 3 0 1 0 9 4 3 Manufacturing 61 57 23 13 17 13 74 74 36 Commerce 31 23 10 2 11 7 33 34 17 Tpt/Stor/Comms 13 16 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 61,628 795 62,423 171,226 139 171,365 Manufacturing 438,244 214,491 652,735 448,497 3,101 451,598 Commerce 539,825 147,458 687,283 362,501 2,801 365,302 Tpt/Stor/Comms 510,583 7,699 518,282 861,565 767 862,332 Finance 108,867 847 109,714 943,650 128 943,778 Construction
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    • Article
      Lock icon Oil rebounds as Saudi Arabia hints at Opec deal for September
      693 8 COMMODITIES AFP London OIL rebounded last week from recent lows after Opec sprang a surprise September meeting, at which Saudi Arabia hinted that producers could agree to limit output. At 1600 GMT on Friday, West Texas Intermediate (WTI) crude
      AFP  -  693 words
    • Article
      Lock icon Potential road bumps for pound, yen and dollar
      325 9  -  CURRENCIES By Avtar Sandu T The writer is senior commodities manager at Phillip Futures JAPAN has embarked on policy measures to address its weak inflation and GDP growth. On the monetary side, the Bank of Japan (BOJ) has pledged to double its
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.998 5.112 0.690 5.968 51.418 100.960 0.785 8.492 3.099 1.068 80.508 35.872 1.036 10.284 0.750 24.177 26.800 0.594 0.769 Canada 1.002 5.122
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        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 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
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      • Article
        Lock icon US$/S$ FORWARD RATES
        23 9 Aug 12 S$ S$ Bid Offer 1-month 1.3459 1.3469 2-months 1.3460 1.3474 3-months 1.3463 1.3475 6-months 1.3464 1.3482 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 12 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.80 0.60 3 months 0.90 0.70 6 months 1.25 1.05 9 months 1.45 1.25 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 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
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        393 9 Aug 12 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9607.50 9827.50 9590.00 9827.50 *****2 *****7 Sep16 9600.00 9815.00 9587.50 9820.00 5415 6383 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec16 *****.00 *****.00 *****.00 *****.00 95 6640 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        203 9 Most active Aug 12 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 10.9 3.3 *****8 0.0 1 HSI ***** MB ePW*****9 6.4 -4.8 *****8 0.0 1 DBS MB eCW*****1 10.6 ***** 0.1 1550 6
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Aug 12 Index Change Change Change Change Change Change World Preliminary 1314.8 0.0 2.9 0.2 -1.0 0.0 4.4 EAFE Preliminary 978.2 0.1 -3.5 0.3 -5.5 0.1 -0.3 Europe Preliminary 1408.4 -0.1 -0.3
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Aug-12 Price Net change change Last Trade Agricultural Aug-12 CBOT Soybeans (US cents/bu) 1003.25 -19.00 -1.86% 12/8/2016 CBOT Soybean Oil (US cents/lb) 31.90 0.19 0.60% 12/8/2016 CBOT Wheat (US cents/bu) 422.50 6.25 1.50% 14/09/2016 Aug-12 LIFFE Cocoa (£/tonne) 2420.00 7.00 0.29% 15/09/2016 LIFFE Coffee (US$/tonne) 1803.00 -5.00 -0.28%
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    • Article
      Lock icon What went wrong with Indiabulls Property Investment Trust?
      891 10  -  HOCK LOCK SIEW BY R SIVANITHY THE short answer to the question posed in the headline above is “everything”. From the time it listed to its impending delisting sometime soon, Indiabulls Property Investment Trust (IPIT) brought nothing but grief to its unitholders,
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    • Article
      Lock icon PRIME LENDING RATES
      244 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1784 10 Payment Ex Rec Pay Ann (cts) date date date date Advancer Global aw 0.350 20-Sep 22-Sep 30-Sep 10-Aug Aims AMP Cap Ind Reit do 2.565 03-Aug 05-Aug 22-Sep 26-Jul Aims AMP Cap Ind Reit bi 0.096 03-Aug 05-Aug 22-Sep 26-Jul Aims AMP Cap Ind Reit (1 Apr-30Jun 2016)
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1198 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.07 10.25 0.90 0.69 AIMS AMP Cap Industrial Reit 1.00 1.00 4 0.11 13.66 1.57 1.45 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      2051 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last Vol Week Div GrYld Net 149 127 AIMSAMP Cap Reit 145 unch 2262 146 142.5 0.9 7.8 924.1 High 160.7 101 ARA Asset Mgmt 137 +1 4650 141 135
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    • Article
      Lock icon SGX CATALIST
      249 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Week 44.5 29.5 t Advancer Global 33.5cd -1.5 7386 36.5 32 13.3 58 Div C'vr GrYld 19.9 8.3 t Anchor Resources 11 -0.5 ***** 11.6
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    • Article
      Lock icon SGX ETF
      170 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 885 700 CIMBASEAN40 US$ US885 +18 229 885 867 138.8 3271 2355 DBXT China50 US$ US3100 +142 18 3101 2992 8.5 Week 382 190 DBXT MSBrazil US$ US382
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  • Page 5 Advertisements
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      436 5 CARING FOR SENIORS We have many schemes to support our seniors in their retirement. WHEN I NEED TO SEE THE DOCTOR Government Subsidies At all public hospitals, specialist outpatient clinics (SOC) and polyclinics WHEN I NEED HELP WITH LIVING EXPENSES Community Health Assist Scheme (CHAS) Subsidies for medical and dental
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  • Page 7 Advertisements
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      42 7 T For more articles go to btd.sg/BMatters )!27G#AFA#’97AI AI>@=2GI> <&/AJHC5E !C3((L #4CJC !4H:48/A J HC5E ’;<&#;<&/A J HC5E 1 !C3((L C 3((L @C<&L;L/AJHC5E 0 !C3((L ’;?%$K <%/AJHC5E <&/A65C<C 9(;4J/AJHC5E 1!C3((L @C<&L;L/A65C<C 1 !C3((L 0 !C3((L 7(J D-.-110+0,, 1 !C3((L 9(;4J/A65C<C B !C3((L
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      Lock icon Page 7 Advertisements Column 2
      185 7 Reaching out to 1.9 Billion People *t <4 >■ /it: Welcome to the 13 th China-ASEAN Expo! September 11 th 14 th 2016 Nanning, China 5 major pavilions for commodity trade, investment cooperation, advanced technology, trade in services and cities of charm Showcasing cutting-edged and distinctive commodities from China and
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      164 9 Trade Gold For Gold Receive premium gold when you trade spot gold with Phillip Futures today.* 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg/gold 250 North Bridge Road #07-01 Raffles CityTower Singapore *****1 This advertisement is for general information only and does not constitute a recommendation, offer or solicitation to buy or sell any
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  • Page 11 Advertisements
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      89 11 SGX== Research like a pro. mm i i riaarnw mi ’ll jui i miit ma r F m\i Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only. It is not an offer
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  • REAL ESTATE
    • Article, Illustration
      Lock icon London’s lavishly high home prices take a Brexit hit
      1167 12 After the vote to leave the EU, prime central London property prices dropped 1.5% in July marking the steepest fall since October 2009, according to Knight Frank WP London MONEYED newcomers drove London real estate prices to dizzying heights, turning even
      WP; PHOTO: BLOOMBERG  -  1,167 words
    • Article
      Lock icon Chinese envoy challenges new Vancouver home tax as fallout spreads
      508 12 BLOOMBERG Vancouver CHINA’S top envoy in British Columbia challenged the Canadian province’s new 15 per cent tax on foreign homebuyers, questioning the justification behind the hastily imposed measure. “Why a 15 per cent tax? Why now? Why this rate? What’s
      BLOOMBERG  -  508 words
  • Page 12 Advertisements
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      1629 12 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      247 12 In the Matter of The Companies Act, Cap. 50 And In the Matter of (1) HILL GROVE REALTY LIMITED (In Members’ Voluntary Liquidation) (Co. Reg. No. *****5973M) (2) LOFT CONDOMINIUM PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1077N) (3) PINDO PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg.
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Keeping safe under the shadow of terrorism
      2699 14 THIS WEEK’S TOPIC: What needs to be done to counter the growing terror threat in Singapore and the region? Paul Lim Chief Executive officer Secura Group Ltd SADLY, there is no silver bullet to counter terrorism threats in both the physical and cyber
      FILE PHOTO  -  2,699 words
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      63 15 1 TrA INDIA COMES TO YOU AT SINGAPORE INTERNATIONAL INDIAN EXPO 2016 22ND 25TH SEPT' 2016,10AM 10PM Suntec Convention Exhibition Centre, Hall: 401 -402 Exhibition Highlights: Over 160 exhibitors Lucky draw prizes Celebrity appearance Food, Fun Festivity Entertainment Cultural activities Singapore INTERNATIONAL INDIAN EXP***** 5TH YEAR < FREE ENTRY ORGANISED
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      Lock icon Page 15 Advertisements Column 2
      47 15 The full list of views from CEOs is available at http://businesstimes.com.sg Learn Mandarin Without Stress! newstalk.zaobao.sg Try out this Chinese language e-learning tool today. Three different introductory plans* available. Subscribe NOW! $120 for 12 months $84 for 6 months $48 for 3 months Terms and conditions apply.
      47 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The attraction of small caps in emerging markets
      2502 16  -  These stocks have depth, offer local exposures, and are under-researched. under-researched.BY MARK MOBIUS T The writer is executive chairman of Templeton Emerging Markets Group. This article is an extract from a July 12 topic paper he wrote: “Emerging-Market Small Caps: A Distinct
      PHOTO: REUTERS  -  2,502 words
  • Page 16 Advertisements
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      105 16 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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      8 16 This series is brought to you by Cltl
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  • BANKING & FINANCE
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      Lock icon When your life insurance gets sick
      1498 17 Some firms use complex financial manoeuvres to pay hefty shareholder dividends NYT New York LIKE clockwork, Sara and James Cook paid US$452 a month for life insurance. That is, until a letter arrived last year telling the elderly Georgia couple the premiums on the
      NYT; PHOTO: NYT  -  1,498 words
  • Page 17 Advertisements
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      2838 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices VIBRANT GROUP LIMITED Company Registration No. *****0061G (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Vibrant Group Limited (the “Company”) will be held at 51 Penjuru Road #04-00,
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  • ENERGY & COMMODITIES
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      511 18 (Registration Number *****05) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR THE DISTRIBUTION FOR THE PERIOD FROM 1 APRIL 2016 TO 30 JUNE 2016 NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of
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      282 18 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w. s p h c l
      282 words
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      372 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AMB FUNABASHI 6 PTE. LTD. (Company Registration No. *****0345H) CARIBE PTE. LTD. (Company Registration No. *****4986G) KANTO PTE. LTD. (Company Registration No. *****9526C) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that
      372 words
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      441 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PERFORMANCE REVIEW INSTITUTE (SINGAPORE) PTE. LTD. Co. Registration No. *****0040R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting
      441 words
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      381 18 Sale of a majority stake in a Singapore incorporated engineering company specializing in design, supply, fabrication and installation of structural steel works and modular structure. Interested parties, please contact Kea Ai Lin at +65 6530 8079 (email: keaailin@deloitte.com). IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE
      381 words
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      177 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARRAY ENGINEERING CONSTRUCTION PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (RECEIVERS APPOINTED) (Company Registration No.: *****6084M) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, whose debts were incurred during the period when the Company
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Ultra-orthodox Israelis move on to tech education
      872 19 Cisco, Microsoft, Google groom venture backed by US govt and private money to get more ultra-orthodox Jews into Israel’s burgeoning technology industry WP Tel Aviv A SELF-TAUGHT ultra-orthodox Israeli is breaking with tradition that puts religious study before work to lead his community
      WP; PHOTOS: BLOOMBERG  -  872 words
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      Lock icon Clearing up concerns over rigged elections
      1134 19  -  By Zeynep Tufekci T The writer is an associate professor at the University of North Carolina School of Information and Library Science and a contributing opinion writer. NYT New York IN my old workplace, right next to the comfortable couches where we would take
      NYT; PHOTO: AFP  -  1,134 words
    • Article
      Lock icon Pokemon hunt leads to glory for Google-born Niantic
      317 19 AFP San Francisco BORN in Google’s shadow, Niantic strode into the spotlight with a mobile Internet spin on hunting Pokemon but can the obsession with the game lead to long-term financial success? Niantic founder and chief executive John Hanke has told a
      AFP  -  317 words
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  • CONSUMER
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      Lock icon Chinese shopping army reboots Australian retail
      893 20 Agents cater to more affluent, health-conscious Chinese consumers willing to pay extra for safe Australian goods REUTERS Sydney IN 2013, student Na Wang began shipping fish oil capsules to China from Sydney to help pay the rent. Now, she’s in business, part of a
      REUTERS; PHOTO: REUTERS  -  893 words
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      Lock icon Using data management technology to trace the fish in your dish
      1129 20 NYT New York “MOST people don’t think data management is sexy,” says Jared Auerbach, owner of Red’s Best, a seafood distributor in Boston. Most don’t associate it with fishing, either. But Mr Auerbach and a few other seafood entrepreneurs
      NYT; PHOTO: NYT  -  1,129 words
    • Article
      Lock icon Snack makers test food delivery app for the beach
      947 20 NYT New York JUSTIN Harter made an important discovery a few years ago while hawking ice pops on Rockaway Beach in Queens: “Once people get to the beach, they don’t want to move.” That realisation, coupled with overwhelming demand for some
      NYT  -  947 words
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      545 21 BUILDING CONFIDENCE, INSPIRATION AND SUPPORT FOR WORKPLACE SUCCESS Who should attend: Senior and Middle Management, Supervisors, Business Owners, Marketing and Sales Professionals LIVING THE LAWS OF LEADERSHIP This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. UNLEASH THE COLLABORATIVE EFFORT OF TEAMS FOR INCREASED ENGAGEMENT,
      545 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Helicopter money in Japan a daily affair
      635 22  -  The BOJ buys shares every afternoon when prices drop in the morning: ex-BOJ official By Anthony Rowley btworld@sph.com.sg Tokyo ALMOST daily now helicopter missions are turning Japan’s central bank into a “major shareholder in corporate Japan”, says Tohru Sasaki, head of markets research
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    • Article
      Lock icon Investors reluctant to take profits despite soaring global bond prices
      787 22  -  By Neil Behrmann btworld@sph.com.sg London GLOBAL bond prices have soared in the past 12 months but pension funds, insurance companies and other investors have been reluctant to take profits. The most fascinating example in the past week was the reluctance
      787 words
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      Lock icon Bangladesh suppressing heist probe info from ‘foreign perpetrators’
      517 22 REUTERS Manila BANGLADESH’S central bank has said it is withholding findings of investigations into the cyber theft of US$81 million from its account at the Federal Reserve Bank of New York to avoid tipping off the “foreign perpetrators” of the hack. Bangladesh
      REUTERS; PHOTO: AFP  -  517 words
    • Article
      Lock icon This week, stock bulls may party like it’s 1999
      889 22  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg FOR the first time in 17 years on Thursday, the holy trinity of major US stock indexes the Dow Jones Industrial Average, the Standard Poor’s 500 and the Nasdaq Composite all finished at record
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  • TRANSPORT
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      56 23 If the micro-mini gets any shorter, there’ll be two more cheeks to powder!” Former fashion writer Terry Tan on 1960s apparel Take a sashay down Singapore's fashion runway Now on sale at good bookstores and www.stpressbooks.com.sg Hire pest control specialists or publicise your services in CLASS 116 To advertise, call
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  • Page 24 Advertisements
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      1890 24 C a i l a n ~E n n o B r i s b a n e r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o NYK RORO (ASIA) PTE. LTD. n
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      244 24 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 108 BST219 16/08/2016 17/08/2016 Buatan/Buatan DAILY Marco Polo 178 TTS065 16/08/2016 17/08/2016 Tebing Tinggi/Jambi DAILY Marco
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  • DINING OUT
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      Lock icon A fine place for those big on beef
      616 25  -  Two offbeat options offer a nice change from the same-old, same-old. same-old.BY JAIME EE jaime@sph.com.sg @JaimeEeBT| NEW MENU Nekkid Block 41 Malan Road, Gillman Barracks Tel: 6694 0940 Open for dinner only: 5pm to 12am (Mon to Thurs); 5pm to 2am (Fri
      PHOTOS: JA IME EE  -  616 words
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      Lock icon Kama appeals with its anything goes attitude
      499 25 NEW RESTAURANT Kama 13 North Canal Road #01-01/02 Tel: 6221 8116 Open Mon to Friday: 11am to 12am; Sat 4pm to 12am. Closed on Sunday. GIVEN the grunginess of North Canal Road with its semi-seedy, gritty hipster, expat bar, office drone I’m-only-here-cos-I-work-here kind
      PHOTOS: JAIME EE  -  499 words
  • Page 25 Advertisements
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      104 25 Joyden Traditional Salt Baked Crab wA JOYDEN TREASURES Some memories taste better with time. Certain things are worth preserving. Savour the rich culinary heirlooms of our traditional Chinese cuisine such as Salt Baked Crab and Braised Lobster Noodles. Handcrafted with dedication and heart. m m -ryvv vations: 6446 8488 #02-42
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      32 25 0* ft f ■> -3?' .V’ i m -V f »w Celebrate Good Times, Come On! SALE X-Value™ of your home A $961,000 ($866 psf) Up by $8,000 (0.84%) over last quarter SRX.com.sg/property-tracker
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      70 25 REDEEM A FREE TRIAL NOW! http://notice.shareinvestor.com/webpro2016 *Free trial is applicable to new subscribers only. For more enquiries, please contact Tel: (65) 6517 8777 Email: accounts@shareinvestor .com All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone.
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  • LIFE & CULTURE
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      Lock icon In praise of repertory theatre
      1633 26  -  Seeing plays in repertory sparks conversations in the mind between shows, between periods. BY CHARLES ISHERWOOD NYT New York STRANGE but true: To experience the pleasure of traditional repertory theatre on a significant scale to watch actors perform multiple roles in different plays over the
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      Lock icon Actor who played R2-D2 in Star Wars dies at 81
      611 26 NYT New York KENNY Baker, the British actor who rose to fame by playing the robot R2-D2 in six Star Wars films, died on Saturday. He was 81. His death was confirmed by a spokesman for Lucasfilm, the company that
      NYT; PHOTOS: REUTERS, 20TH CENTURY FOX  -  611 words
  • Page 26 Miscellaneous
    • Miscellaneous
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      332 26 CRYPTIC CROSSWORD Across 8 Hands no longer cold? Let’s get on with it! (3,6,3,3) 9 Idiot knocking container over (3) 10 An altercation if meal is terrible? I don’t know what to say (5,4,2) 11 Many in relapse, falling back, looking less well (5) 12 Former British firm getting irritated
      332 words