The Business Times, 20 August 2016

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Microfilm: NL33936
Total Pages: 41
1 32 The Business Times
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      66 1 BT Living THE BUSINESS TIMES WEEKEND AUGUST 20 21, 2016 COOKING MADE EASY Whip up a meal in double quick time with ready-made sauces and pastes L2-4 DINING Moonstruck L 5-7 LIVING No 9 to 5 job for 3 millennials L8-9 MOTORING Excellent E-Class L15 STYLE Stitch by stitch L10-11
      66 words
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  • DINING
    • Article, Illustration
      Lock icon Cooking made easy Meals in a jiffy
      2545 2 / 3  -  Preparing a meal can be as simple as opening a jar or a packet. By Tay Suan Chiang Cooking at home doesn’t have to mean slaving over the kitchen stove for hours. There are now ready-made sauces and pastes on the market that
      PHOTOS: YEN MENG JIIN; PHOTO: YEN MENG JIIN  -  2,545 words
    • Article, Illustration
      Lock icon MOON STRUCK LUNAR PASSION
      2044 5  -  Modern mooncake flavours run the gamut from smoked duck to blueberry with vintage hua diao wine. The Cantonese traditional baked mooncake is making a comeback. Producing this ancient Chinese pastry requires top-notch ingredients and much painstaking effort. By David Yip taysc@sph.com.sg @TaySuanChiangBT By Tay Suan Chiang
      PHOTOS: DAVID YIP, WK FONG, FOUR SEASONS HOTEL.  -  2,044 words
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  • BT Living
    • Article, Illustration
      Lock icon Beyond 9 to 5
      1843 8 / 9  -  With fewer millennials content to work at cushy desk jobs, these three individuals are finding satisfaction in the unlikeliest careers. By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Breaking the mould Cafe Karang Guni SG www.facebook.com/Cafekarunggunisg DAWN Lim may run what she calls a karang guni business, but don’t
      1,843 words
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  • STYLE
    • Article, Illustration
      Lock icon Stitch by stitch
      1644 10 / 11  -  Whether it’s a traditional suit with full horsehair canvassing, a crystal-studded tux or even a denim-on-denim ensemble, our little red dot has no shortage of made-to-measure menswear options. Delve into the world of men’s tailoring, with the latest in high-end, customised duds. By May Yip By May
      1,644 words
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  • GADGETS
    • Article, Illustration
      Lock icon The phone to beat in 2016
      1045 12  -  With the latest Galaxy Note7, the sum of the parts is greater than anything Samsung has ever delivered. By Sherwin Loh By Sherwin Loh sherwinl@sph.com @SherwinLohBT THESE days, it is hard for any tech company to keep to an annual product launch cycle, without
      PHOTOS: BLOOMBERG; PHOTO: AFP  -  1,045 words
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  • DESIGN
    • Article, Illustration
      Lock icon RELENTLESSLY MODERN
      979 13  -  Industrial designer Karim Rashid says design is not art and art is not design design provides some level of performance in daily life. By Geoffrey Eu By Geoffrey Eu THEY call him Mr Pink, but don’t confuse Karim Rashid with some cult character from a Quentin Tarantino film
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  • MOTORING
    • Article, Illustration
      Lock icon A question of endurance
      294 14  -  S’porean Greg Teo from the Ferrari Challenge Asia Pacific series is progressing to the next level. By Samuel Ee samuelee@sph.com.sg A LOCAL racer from the Ferrari Challenge Asia Pacific series is progressing to the next level endurance racing and he is doing it with a 488
      294 words
    • Article, Illustration
      Lock icon 4WD good, 2WD better?
      385 14  -  The 2-wheel-drive version of Lexus NX is not only priced lower than its all-wheel-drive counterpart, it is also lighter and consumes less fuel. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WANT a luxury SUV but don’t need the 4WD? Translation: Do you like the rugged appeal
      385 words
    • Article, Illustration
      Lock icon EXCELLENT E-CLASS
      633 15  -  The new Mercedes-Benz E-Class comes with so many bells and whistles it could rival the flagship S-Class. By Samuel Ee samuelee@sph.com.sg I T is not unusual for each new Mer-cedes-Benz model to debut with the latest in safety technology, but the new E-Class still surprises with its ability
      633 words
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  • SPORTS
    • Article, Illustration
      Lock icon Igniting interest, passion in sports
      912 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent JOSEPH Schooling’s big splash in Rio de Janeiro last Saturday, where he outswam the competition in the men’s 100-metre butterfly final, will do wonders to boost the popularity and commercial viability of swimming as one of the
      912 words
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES w w w sinesst ime .com. g AUGUST 20-21, 2016 S$1.20| MCI (P) 040/08/2015
    17 words
  • Article, Illustration
    Lock icon E-payments: Rules to be updated to protect users
    875 1  -  MAS to set up council to align payment initiatives with national and public interest By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore INGAPORE will update its regulation to beef up consumer protection as it moves into becoming an elec-tronic-payments society, said the managing
    Sources: KPMG  -  875 words
  • Article
    Lock icon No need for account numbers
    42 1 EASIER FUND TRANSFER BY next year, you will be able to transfer money to your friends and relatives using only the contact list in your mobile phone, making it unnecessary to know their bank account numbers. 2
    42 words
  • Article, Illustration
    Lock icon More openings than takers in Africa and Latin America: IE S’pore
    763 1  -  IE S’pore lists natural resource, infrastructure and consumer sectors among those with potential for S’pore investors Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore BUSINESS opportunities for Singapore companies in Africa and in Latin America and the Carribean (LAC) are now ripe
    763 words
  • Article
    Lock icon Tender for development partner
    33 1 HIGH-SPEED RAIL A JOINT tender will be called on Aug 22 to appoint a joint development partner to help develop the Kuala Lumpur-Singapore High Speed Rail (HSR) project. 4
    33 words
  • Article
    Lock icon Q2 wholesale trade down 20.5%
    27 1 SINGAPORE ECONOMY LOWER prices of petroleum and chemical products dragged Singapore’s domestic wholesale trade down in the second quarter of 2016. 4
    27 words
  • Article
    Lock icon Jakarta rolls out master plan
    32 1 ISLAMIC FINANCE THE Indonesian government has launched a national master plan to develop its Islamic finance industry, to boost a niche sector in the country’s economy. 5
    32 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-7 Living L8-9 Style L10-11 Gadgets L12 Design L13 Motoring L14-15 Sports
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    • Article
      Lock icon Fund transfers with just mobile numbers
      574 2  -  By next year, mobile phone users may be able to do so without payee’s bank account numbers B y Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore BY next year, you will be able to transfer money to your friends and relatives using only the contact
      574 words
    • Article
      Lock icon MARKETS
      136 2 GSTI 2,844.02 (+7.04) GSTI FUTURES 2,843.00 (+7.00) GSIMSCI 312.98 (+0.40) GSIMSCI FUTURES 312.70 (+0.10) STOCKS Friday Change KL COMP 1,687.68 -7.19 NIKKEI 225 16,545.82 +59.81 HANG SENG 22,937.22 -85.94 SET 1,538.76 -8.25 JAKARTA 5,416.04 -45.42 MANILA 7,930.75 -22.06 KOSPI 2,056.24 +0.77 SHENZHEN B 1,166.95 -4.30 MUMBAI 28,077.00 -46.44 11.45
      136 words
    • Article
      Lock icon Joint tender to be called for KL-Singapore high-speed rail project
      368 4  -  The tender is to appoint a joint development partner By Nisha Ramchandani, Renald Yeo nishar@sph.com.sg@Nisha_BT yrenald@sph.com.sg Singapore MALAYSIA’S MyHSR Corporation and Singapore’s Land Transport Authority will call a joint tender on Aug 22 to appoint a joint development partner to
      368 words
    • Article, Illustration
      Lock icon Singapore’s Q2 domestic wholesale trade drops 20.5%
      305 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore LOWER prices of petroleum and chemical products dragged Singapore’s domestic wholesale trade down in the second quarter of 2016, said the Department of Statistics on Friday. Domestic wholesale trade contracted 20.5 per cent year on year in
      PHOTO: AFP  -  305 words
    • Article
      Lock icon Jakarta rolls out plan to develop Islamic finance
      455 5 Govt launches national road map in latest effort to awaken the niche sector; a range of initiatives are on the cards Reuters Jakarta THE Indonesian government has launched a national master plan to develop its Islamic finance industry, the latest effort aimed
      Reuters  -  455 words
    • Article, Illustration
      Lock icon Idle credit cards in Asia prompt banks’ overhaul
      886 5 Bloomberg Hong Kong FREE rice cookers and suitcases were among the special deals that tempted Chiu Wing-suet into accumulating her 20 credit cards, many of which are crammed into her wallet. She’s unlikely to accept any more such offers. “I’ve come to
      Bloomberg; PHOTO: BLOOMBERG  -  886 words
    • Article, Illustration
      Lock icon Getting schooled by our Olympians
      1313 6  -  Working adults can learn from Schooling and his fellow athletes lessons on hard work and discipline CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT NOW that the (gold) dust has finally settled and our swim champ Joseph Schooling returns to his studies and training in the
      PHOTO: REUTERS  -  1,313 words
    • Article, Illustration
      Lock icon Time for local firms to support S’pore athletes
      690 7  -  It’s all well and good to take out full-page advertisements or offer discounts to celebrate Schooling’s big win, but corporates should not jump on the bandwagon only when there is success. COMMENTARY Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent IT WAS in 2013 when
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      247 3 SAMSUNG Galaxy Note7 mb mw i k J l Come get an immersive experience of Galaxy Note7 at Galaxy Studio CIVIC PLAZA, NGEE ANN CITY Now till 28 August 2016,11AM -9PM Iris Scanner Security beyond fingerprints Available at Ml, Singtel, StarHub, Samsung Experience Stores and selected Consumer Electronics IT retailers.
      247 words
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      244 7 TIME FOR A SPECIAL INDULGENCE ION Orchard Level 4 ION Art Thursday, 25 August 2016 7.30pm 9.30pm Registration starts at 7.00pm Only $58 nett per person All payments by VISA or MasterCard credit cards only and are strictly non-refundable. Register by 21 August, midnight at pbp.sph.com.sg/btluxeion *Pre-order your entrée from
      244 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Coming down from the peak
      2397 8 / 9  -  Nestle chairman Peter Brabeck reflects on water, dealing with controversies, and succession planning ahead of his retirement. By Andrea Soh By Andrea Soh sandrea@sph.com.sg @AndreaSohBT PETER Brabeck has spent nearly half a century in the largest food and beverage company in the world, with two-fifths
      PHOTO: AIDAN LOO  -  2,397 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon CRCT to buy mall in Chengdu shopping belt for 1.53b yuan
      544 10  -  Trust enters into agreement to buy BR Spicy (HK), which holds Galleria mall By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CAPITALAND Retail China Trust (CRCT) is acquiring a shopping mall in Chengdu for some 1.53 billion yuan (S$310.4 million), which
      544 words
    • Article
      Lock icon Soilbuild Reit to raise up to S$59.4m via preferential offering for property acquisition
      433 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SOILBUILD Business Space Reit is raising up to S$59.4 million via a preferential offering to partly fund the acquisition of Bukit Batok Connection. The acquisition of the industrial property was previously
      433 words
    • Article
      Lock icon Legal spat between Otto Marine and Hoe Leong heats up
      340 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OTTO Marine’s legal spat with heavy equipment supplier, Hoe Leong Corporation, is heating up, with the latter set on filing a defence against a winding-up petition filed by the former. An Otto Marine
      340 words
    • Article, Illustration
      Lock icon STI closes higher for the first time this week
      562 11  -  STOCKS Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent A COLOURLESS session with no significant interest on either side of the stock market pretty much wrapped up Friday’s trading, capping a majorly subdued week. Evidently, investors needed more time to wrap their heads
      562 words
    • Corporate digest
      • Article
        Lock icon KS Energy
        42 11 KS DRILLING subsidiary PT Atlantic Oilfield Services has secured a new US$17.4 million drilling contract to work in Indonesia, parent company KS Energy announced on Friday. Work is expected to start in January 2017 and take 14 months to complete.
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      • Article
        Lock icon Swing Media Technology
        66 11 HONG KONG-based Swing Media Technology Group has entered into a non-binding agreement to buy Grace Health Group, owned by Total Victor Global Limited, that will have it branch out into the wagyu cattle business. The two parties are to mutually agree on the consideration for the sale
        66 words
      • Article
        Lock icon Sembcorp Marine
        51 11 SEMBCORP Marine (SembMarine) is buying Norwegian ship design and engineering firm LMG Marin AS for US$20 million. This will bring to SembMarine a cache of design patents and expertise in naval architectural design, engineering and technology development, and allow it to move up the value chain, said the
        51 words
      • Article
        Lock icon China Fibretech
        56 11 CHINA Fibretech Limited will receive a refund of 20.3 million yuan (S$4.11 million) that it had paid to a municipal government agency in 2008 for land use rights. The land parcel was found to be “no longer suitable” for constructing a proposed plant, due to environmental protection planning
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    • Article
      Lock icon GAINERS
      76 11 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSvEu US$ ***** 439.8 1.2 *****/***** JMH USD 6050 53.8 0.7 6103/4500 DBXT Vietnam US$ 2418 40.4 1.3 2533/2017 DBXT AUDBonds AU$ ***** 35.8 0.2 *****/***** DBXT MSAsExJp US$ 3536 33.6 0.7 3537/2772 BY PERCENTAGE CLOSE UP 52w high/low Metal Comp W*****8
      76 words
    • Article
      Lock icon LOSERS
      75 11 BY CENTS CLOSE DOWN 52w high/low Hyflux 6% CPS 9436 -364.0 -3.7 *****/9300 Jardine C&C 4389 -101.0 -2.2 4520/2636 DBXT S&P500 US$ 3766 -32.3 -0.6 3790/3126 GLD US$ ***** -29.6 -0.2 *****/***** DBXT MSTHAI US$ 2053 -12.1 -0.4 2090/1419 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -50.0 -0.1
      75 words
    • Article
      Lock icon MOST ACTIVE
      32 11 VOLUME HSI*****MBeCW*****9 94,235,400 Noble 87,742,500 HSI*****MBePW*****9 65,920,000 Ezra 34,523,300 Vallianz 23,835,700 Market volume 1,187,532,000 VALUE DBS Grp 61,728,035 Singtel 54,933,941 CapitaLand 35,189,635 UOB 31,637,871 CapitaMall Trust 28,566,750 Market value 734,172,000
      32 words
    • Article
      Lock icon Demand for Asian dollar bonds likely to stay robust: JPMorgan
      420 11 Bloomberg Shanghai THE busy summer for Asia’s dollar bond market looks set to be extended to the end of the year as investors’ demand remains “robust”, according to JPMorgan Chase Co. Dollar bond sales in Asia excluding Japan have reached
      Bloomberg  -  420 words
    • Article
      Lock icon STI STOCKS
      309 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 -3 245/242 257 209 6.3 6753.5 CapitaCom Trust 157 +1 157/154.5 159 122.5 5.5 4643.1 CapitaLand 309 unch 311/308 340 267 12.4 2.9 *****.4 CapitaMall Trust 217 +4 217/212 225 184.5
      309 words
    • Article
      Lock icon SGX ETFs Most Active
      111 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US731 +1 210 737/729 772/575 729/731 91.4 STI ETF 289 128 290/288 314/254 288/289 DBXT MSRussia US$ US207 -1 80 208/207 210/129 208/209 DBXT MSBrazil US$ US377 -7 56 379/377 385/190 375/376
      111 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      831 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 15 Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K Goh Hldgs 18-Aug-16 GKG Invest Hldgs Buy 49 0.84 *****9 59.88 *****8 59.90 G.K Goh Hldgs
      831 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      189 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 7 1 0 0 0 8 7 1 Manufacturing 43 31 26 8 7 11 51 38 37 Commerce 19 16 16 4 6 4 23 22 20 Tpt/Stor/Comms 17 11 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,738 16,738 44,936 44,936 Manufacturing 68,303 24,558 92,861 78,424 775 79,200 Commerce 119,850 45,637 165,487 55,164 762 55,926 Tpt/Stor/Comms 95,822 768 96,590 115,708 77 115,785 Finance 17,796 102 17,898 124,246 16 124,261 Construction 8,928 8,780
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 12 Aug 19 VALUE CLOSE BT OB/OS -46.00 BT CADI -*****.00 +51.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 685.97 +2.50 FTSE ST Small Cap 384.42 +1.53 FTSE ST All Share 697.86 +2.32 FTSE ST China Top 157.63 +1.08 FTSE ST China 188.53 +1.50 FTSE ST
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 VOL CLOSE($) CHANGE CFM 20.0 0.030 +0.010 +50.00 Pan Asian 100.0 0.030 -0.006 -16.67 Brook Crompton 13.6 0.455 +0.115 +33.82 Infinio 5,292.0 0.002 -0.001 -33.33 NauticAWT 245.0 0.115 -0.009 -7.26 Mercurius 3,350.0 0.008 -0.002 -20.00 Hoe Leong 979.4 0.013 -0.002 -13.33 Pan Hong 392.8 0.230 +0.034 +17.35 MYP
      80 words
    • Article
      Lock icon COMMODITY FUTURES
      192 13 Aug-18 Price Net change change Last Trade Agricultural Aug-18 CBOT Soybeans (US cents/bu) 1032.25 1.75 0.17% 14/09/2016 CBOT Soybean Oil (US cents/lb) 34.19 0.18 0.53% 14/09/2016 CBOT Wheat (US cents/bu) 427.00 1.00 0.23% 14/09/2016 Aug-18 LIFFE Cocoa (£/tonne) 2512.00 12.00 0.48% 15/09/2016 LIFFE Coffee (US$/tonne) 1789.00 36.00 2.05%
      192 words
    • Article
      Lock icon PALM OIL
      57 13 Aug 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 16 2845.0 2852.0 2907.0 2840.0 601 8362 Oct 16 2680.0 2674.0 2720.0 2671.0 4841 ***** Nov 16 2585.0 2578.0 2625.0 2575.0 ***** ***** Dec 16 2542.0 2537.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      63 13 Aug 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.44 5-Year NX*****X 2.250 01-Jun-21 104.42 104.55 104.45 10-Year NX*****F 2.125 01-Jun-26 103.36 103.55 103.48 15-Year NZ*****F 2.875 01-Sep-30 110.23 20-Year NZ*****X 2.250 01-Aug-36 102.18 102.45 102.20 30-Year NA*****H
      63 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Aug 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0238 1.0248 0.7612 0.7614 Canadian dollar 1.0481 1.0493 0.7795 0.7792 Euro 1.5233 1.5247 1.1326 1.1328 NZ dollar 0.9761 0.9773 0.7257 0.7261 Sterling pound 1.7646 1.7666 1.3120 1.3125
      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 19 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 10.9 -1.6 ***** 0.0 1 HSI ***** MB ePW*****9 4.7 0.4 ***** 0.0 1 DBS MB eCW*****1 10.7 0.4 4627 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 18 Index Change Change Change Change Change Change World Preliminary 1308.6 0.0 2.4 0.0 -1.3 0.2 4.4 EAFE Preliminary 966.0 -0.1 -4.7 0.1 -6.0 0.4 -0.5 Europe Preliminary 1393.8 0.5 -1.3
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    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article, Illustration
      Lock icon Credit agencies hold Singtel’s rating steady post-acquisitions
      678 14  -  Equity analysts also largely neutral, though one down grades the stock By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE proposed acquisitions of interests in the wireless markets of Thailand and India by Singapore Telecommunications (Singtel) will have no impact on its credit rating, three
      PHOTO: REUTERS  -  678 words
    • Article
      Lock icon SembMarine: Provision adequate despite client’s bonds pressure
      229 14  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEMBCORP Marine (SembMarine) maintained that its provision for risks on its rig-building projects remains adequate despite news of its Kuala Lumpur-listed client, Perisai Petroleum Teknologi Bhd, facing heat to redeem S$125 million securities due in October.
      229 words
    • Article
      Lock icon M1 to roll out HetNet, unveils plan for IoT network
      292 14  -  By Nisha Ramchandani nishar@sph.com.sg @NishaBT Singapore SINGAPORE telco M1 will introduce the first commercial Heterogeneous Network (HetNet) following successful trials earlier this year. HetNet will allow M1’s customers to surf, without disruption, at high speeds with a peak download speed
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  • REAL ESTATE
    • Article
      Lock icon New NYC rental apartment block on sale as buyers swarm
      452 15 Developer taking advantage of investor rush to own rental apartments in the area Bloomberg New York A NEWLY built apartment tower in the Long Island City neighbourhood of Queens hasn’t yet opened to the public nor found a single tenant,
      Bloomberg  -  452 words
    • Article, Illustration
      Lock icon Concrete beach attracts Chinese to world’s largest building
      455 15 AFP Chengdu, China CLAIMING to be the world’s largest building by floor space, the 1,760,000 square metre New Century Global Center packed with shoppers and beach bathers a thousand kilometres from the coast is a monument to growing Chinese consumer power. Home
      AFP; FILE PHOTO  -  455 words
    • Article
      Lock icon Househunt
      1260 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 6 AND JULY 12, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED Aspen Ht Apt 12/07/2016 999 1324 2180 1647 Grange Ht Apt 08/07/2016 FH 2659 3800
      1,260 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      36 15 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
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Dispute shows challenge to Thiam’s strategy
      695 17 Credit Suisse claims five departing investment bankers stole confidential info, coaxed ex-colleagues to join them Reuters New York CREDIT Suisse Group AG is accusing a group of five investment bankers who left for Jefferies Group LLC in May of stealing confidential information and trying
      Reuters; PHOTO: REUTERS  -  695 words
    • Article
      Lock icon Aussie banks denied interim approval to jointly negotiate with Apple
      342 17 Reuters Sydney AUSTRALIA’S anti-trust regulator on Friday said it would not grant the country’s three biggest banks interim approval to collectively negotiate with Apple Inc to install their own electronic payments applications on iPhones. Australia’s three biggest banks, including the
      Reuters  -  342 words
    • Article
      Lock icon Deutsche Bank whistleblower spurns US$8m SEC reward
      126 17 Bloomberg Hong Kong A FORMER Deutsche Bank AG risk officer said he was refusing an US$8.25 million reward from the US Securities and Exchange Commission for blowing the whistle on the lender overvaluing a derivatives portfolio, because of his concern that the SEC
      Bloomberg  -  126 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Commodities rebound accelerating on China’s doorstep
      687 18 The next growth story is developing in South-east Asia’s emerging economies Bloomberg Melbourne CHINA may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building emerging economies in South-east Asia. Combined gross
      Bloomberg; PHOTO: BLOOMBERG  -  687 words
    • Article
      Lock icon BP to Halliburton in ‘barroom brawl’ as drillers slash costs
      722 18 Bloomberg New York MAD Dog, BP plc’s drilling project deep in the Gulf of Mexico, could be Exhibit A in the oil industry’s war on cost. When the British oil giant announced the project’s second phase in 2011, it put
      Bloomberg  -  722 words
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  • TECHNOLOGY
    • Article
      Lock icon Twitter axes 235,000 more accounts
      641 19 Suspensions driven by a heightened crackdown on use of the messaging service to promote violent extremist causes AFP San Francisco TWITTER announced on Thursday that it had cut off 235,000 accounts during the past six months in a heightened crackdown on use of the global
      AFP  -  641 words
    • Article, Illustration
      Lock icon Square posts job opening, signalling European expansion
      442 19 Reuters San Francisco US MOBILE payments company Square Inc posted three new job openings in Europe on Thursday, signalling it is moving closer to ramping up operations in the region through an initial venture in Britain. San Francisco-based Square, which makes a card
      Reuters; PHOTO: AFP  -  442 words
    • Article
      Lock icon 30% of US tech unicorns will see valuation fall: report
      409 19 Reuters San Francisco NEARLY one-third of private tech companies in the US that have achieved “unicorn” status will eventually be worth less than US$1 billion, according to a report published on Tuesday. The report from SharesPost Inc, a platform for
      Reuters  -  409 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Taiwan tea entrepreneurs brew up new twist on tradition
      866 20 They hope a high-end modern take on traditional brews will be exported globally AFP Taipei CHEAP instant “bubble tea” has b ecome one o f T a i w an s best-known culinary exports now a new wave of entrepreneurs hopes
      AFP; PHOTO: AFP  -  866 words
    • Article
      Lock icon Wal-Mart draws more shoppers, raises fiscal-year outlook
      481 20 Reuters New York WAL-MART Stores Inc reported higher-than-expected quarterly earnings on Thursday, saying it benefited from cleaner and more efficient US stores, investments in technology that improved online shopping and higher employee wages that fostered better customer service. The world’s largest retailer has
      Reuters  -  481 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Uber aims for an edge in race for self-driving future
      987 21 It acquires startup developing self-drive trucks, and will test self-drive cars in Pittsburgh soon NYT New York A WORLD in which cars drive themselves may come sooner than once thought. On Thursday, Uber said it would begin testing self-driving cars
      NYT; PHOTO: NYT  -  987 words
    • Article
      Lock icon Thai Airways plans to expand, resume plane purchases
      349 21 Bloomberg Bangkok AFTER a five-year austerity drive, Thai Airways International is ready to expand again. The carrier plans to add routes and buy new, more fuelefficient aircraft to replace ageing jets, president Charamporn Jotikasthira said on Aug 17. The airline, which last
      Bloomberg  -  349 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Latest economic figures in UK boost pro-Brexit economists
      781 22 Jump in retail sales, labour market report hint economy can defy gloomy predictions Bloomberg London PRO-“BREXIT” economists smell vindication, not fear. With consumers on their biggest summer spending spree in 14 years after Britain’s vote to quit the European Union, “Leave” backers
      Bloomberg; PHOTO: AFP  -  781 words
    • Article
      Lock icon China’s secret lists of ‘zombie’ borrowers leave banks in the dark
      561 22 WP Washington THERE’S a list that Ni Baixiang, head of Industrial Commercial Bank of China Ltd’s (ICBC) Jiangxi branch, would love to get his hands on. Commonly referred to as the “zombie list”, it’s compiled by Jiangxi regional authorities
      WP  -  561 words
    • Article, Illustration
      Lock icon S Koreans face rate cliff as loans rise
      677 23 Surge in personal loans prompts warnings that bankruptcies will disrupt economy Bloomberg Seoul A SURGE in South Koreans taking out non-bank, personal loans has prompted warnings that bankruptcies will disrupt an already slowing economy. “As the income gap grows, more people will
      Bloomberg; PHOTO: REUTERS  -  677 words
    • Article, Illustration
      Lock icon Australia treasurer officially rejects China bids for Ausgrid
      309 23 Reuters Sydney AUSTRALIAN Treasurer Scott Morrison on Friday officially rejected bids by two Chinese companies in the A$10 billion (S$10.3 billion) sale of the country’s biggest energy grid, Ausgrid, after they failed to overcome security concerns. Last week, Mr Morrison announced that
      Reuters; PHOTO: AFP  -  309 words
    • Article, Illustration
      Lock icon Indonesia’s Indrawati aims to build trust, boost tax revenue
      759 24 Move is to raise funds for huge infrastructure plan aimed at stimulating growth Bloomberg Jakarta FINANCE Minister Sri Mulyani Indrawati is putting trust-build-ing at the top of her agenda as she tries to get more Indonesians to pay their taxes to
      Bloomberg; PHOTO: BLOOMBERG  -  759 words
    • Article
      Lock icon Jokowi amnesty favours tax cheats and punishes payers: OECD
      521 24 Bloomberg Jakarta INDONESIA’S tax amnesty is too generous and may even hamper compliance in an economy already ranked as one of Southeast Asia’s worst for collection, said the Organisation for Economic Cooperation and Development. As President Joko Widodo’s government starts counting
      Bloomberg  -  521 words
    • Article, Illustration
      Lock icon Japan manufacturers’ mood hits 3-year low
      610 25 Reuters Tankan also shows economic growth stalled in April-June Reuters Tokyo JAPANESE manufacturers’ mood soured in August to its lowest since 2013 when the central bank embarked on aggressive monetary easing, a Reuters poll showed on Friday, highlighting the weakness in an economy facing
      Reuters; PHOTO: BLOOMBERG  -  610 words
    • Article
      Lock icon Japan sinking deeper into de facto helicopter money
      861 25 Reuters Tokyo THE Bank of Japan (BOJ) says there is no possibility of helicopter money, and by a strict definition they are correct. But as the government plans to issue more 40-year bonds, it is looking more and more like some monetisation
      Reuters  -  861 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      47 23 HOT PROPERTY MERRYN 2.5-STY BUNGLW, 5+1, Land 4517/ 5500 sf, FH, gdn, elevated, park 3, SCGS, CHESTNUT GCB *****/ ***** sf. Flat land, beautiful modern house. Best layout, park 8 cars. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
      47 words
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  • OPINION
    • Article, Illustration
      Lock icon Will women ever be able to beat men at the Olympics?
      996 26 / 27  -  Not likely simply because believing that linear improvements in the past will continue into the future is an erroneous assumption. By DAVID BISHOP By DAVID BISHOP ~The writer is research leader, sport at the Institute of Sport, Exercise and
      PHOTO: AFP  -  996 words
    • Article, Illustration
      Lock icon Boards can create a healthy climate for developing CEOs
      1044 26 / 27  -  There are six key steps to build and sustain such an environment for nurturing company chiefs By Philip Anderson ~The writer is the Insead Alumni Fund chaired professor of entrepreneurship and professor of entrepreneurship at Insead. COMPANIES looking to attract and
      PHOTO: FREEIMAGES  -  1,044 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH
      • Article, Illustration
        Lock icon Funds avoided losses despite ‘Brexit’ shock
        1525 28 / 29  -  Few were willing to take outsize bets on the referendum, knowing investors would have skewered them had they lost money. By Anita Raghavan By Anita Raghavan NYT London IN late June, as Britons prepared to go to the polls to vote on the country’s
        NYT; PHOTO: AFP  -  1,525 words
      • BROKERS' TAKE
        • Article
          Lock icon Singapore Telecommunications Hold (Downgrade)
          173 28 / 29 (Downgrade) Aug 1 9 close: S$4 1 9 Target price: S$4 41 Maybank Kim Eng Aug 1 8 Singtel is proposing to buy 21 per cent of Intouch and 7.39 per cent of Bharti Telecom (BTL) from Temasek for S$2.47 billion. Temasek does not appear to
          173 words
        • Article
          Lock icon Tat Hong Holdings Hold
          125 28 / 29 Aug 19 close: S$0.525 Target price: S$0.54 OCBC Investment Research, Aug 19 Following Tat Hong’s reported net loss position for Q1 FY17, we recently saw two of Tat Hong’s peers, Tiong Woon Corporation and Sin Heng Heavy Machinery, releasing profit guidance notices for their latest earnings.
          125 words
        • Article
          Lock icon Chip Eng Seng Corporation Accumulate
          303 28 / 29  -  Compiled by Andrea Soh Aug 19 close: S$0.635 Target price: S$0.720 PhillipCapital, Aug 19 The group is registering gradual sales at its high-end development project, Fulcrum, where the project is 38.2 per cent sold as at Aug 2 since the property was relaunched in Q1
          303 words
      • Article, Illustration
        Lock icon Neuroscience can help you trade better
        818 30 A US study may explain how uninformed traders act on new information such that prices quickly come to fully reflect it Bloomberg New York A STOCK’s price is ticking up and down on a screen in front of you. Do you rationally evaluate the
        Bloomberg; FILE PHOTO  -  818 words
      • Article
        Lock icon Forecasters pessimistic even as DAX leads Europe stocks
        629 30 Bloomberg London STRATEGISTS aren’t buying the optimism on German stocks. While the DAX Index is up for a second month and came within four points of erasing its 2016 drop this week, professional forecasters cut their year-end targets on the gauge for
        Bloomberg  -  629 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon New film-makers rising among indigenous groups
      488 31 Kitted with cameras and tips, they make gritty works about their lives AFP Montreal EMILIO Wawatie, a member of Canada’s indigenous Anishnabe community, says he was tired of the stereotyping of his country’s indigenous peoples on the silver screen, so he launched his own
      AFP; PHOTO: AFP  -  488 words
    • Article, Illustration
      Lock icon Watching the luxury segment
      187 31  -  By Avanti Nim avantin@sph.com.sg Singapore WATCH out, luxury lovers. A Journey Through Time, a luxury watch and jewellery exhibition is on until Aug 28 at the ION Art Gallery. The multimedia exhibition includes video walls, light animation, photography and display showcases. Being a leading hub for
      187 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      357 31 CRYPTIC CROSSWORD Across 1 Computer record incorporating a note to read further (6) 4 A paper having liberal line over period despite everything (5,3) 9 Style of programme suitable to partner mostly (6) 10 Effort completed for walk in the park (8) 12 Tired officer’s area to patrol (4) 13
      357 words
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