The Business Times, 23 August 2016

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Total Pages: 28
1 28 The Business Times
  • 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 Tuesday, August 23, 2016
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  • 26 1 Monday Change STI 2,841.19 -2.83 KL COMP 1,691.07 +3.39 NIKKEI 225 16,598.19 +52.37 HANG SENG 22,997.91 +60.69 SHENZHEN B 1,160.38 -6.57 DOW(11.45am EDT) 18,499.43 -53.14
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  • 1680 1  -  State flag to fly at half-mast for four days; State Funeral to take place on Friday By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore IT IS said that every boy in America wants to grow up to be the president. But in Singapore, it had never
    FILE PHOTO  -  1,680 words
  • 131 1 Heng Swee Keat returns to helm the Finance Ministry after a three-month absence, following his collapse from an aneurysm. TOP STORIES 2 Brazil pulls off South America’s first Games, as a blustery storm, a touch of melancholy and a sense of pride converge at the closing ceremony of
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  • 894 1  -  Listings advisory panel unveiling rules over next few weeks; such cases expected to be allowed if there’re compelling reasons By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore Exchange’s Listings Advisory Committee (LAC) is set to lay out ground rules in the
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  • Page 1 Advertisements

  • TOP STORIES
    • 722 2  -  NATIONAL DAY RALLY By Lee u-wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong is on medical leave for a week on the advice of his doctors, his office said in a statement on Monday afternoon. Mr Lee, who experienced a brief
      PHOTO: MINISTRY OF COMMUNICATIONS AND INFORMATION  -  722 words
    • 744 2  -  It is still anyone’s guess who Singapore’s fourth prime minister will be, but the challenges ahead, the themes of PM Lee’s rally speech, have emerged in sharp relief COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT OH no, not again. Those were
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    • 429 2  -  Heng Swee Keat back at the helm; Lawrence Wong becomes Second Minister; Sim Ann moves to MTI By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore HENG Swee Keat returned to helm Singapore’s Finance Ministry on Monday after a three-month absence. His return was announced by the
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    • 426 2  -  By Renald Yeo yrenald@sph.com.sg Singapore BUSINESS industry bodies say they are encouraged by the government’s embrace of disruptive technologies outlined by Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday. They say that, at a time protectionist measures have
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    • 701 4 Despite a storm, Rio de Janeiro throws huge Carnival-like party to mark the end of 2016 Olympics REUTERS Rio De Janeiro A BLUSTERY storm, a touch of melancholy and a sense of pride converged at the closing ceremony of the 2016 Olympics
      REUTERS; PHOTOS: AFP. REUTERS  -  701 words
    • 583 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE board of the Baltic Exchange has unanimously recommended that its shareholders vote in favour of the proposed acquisition by Singapore Exchange (SGX). In a joint announcement on Monday evening, the 272-year-old maritime information
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    • 598 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE proposed review of ElderShield is timely, given that the payouts under this severe-disability insurance scheme hasn’t kept pace with medical inflation, industry observers have said. They were reacting to the announcement by Prime Minister Lee Hsien
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    • 667 4  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore TO help the growing number of small and medium-sized enterprises (SMEs) save on banking costs, DBS on Monday launched a digital account with no minimum balance required. The move to digital-only accounts makes it more
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    • 692 6  -  New S$40 million cargo terminal in Dammam is homegrown company’s biggest greenfield investment By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE’S status as an aviation hub is helping a homegrown cargo handler expand its reach into a new market. Food solutions and gateway services provider SATS
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    • 405 6  -  By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MINISTERS from 10 countries of Sub-Saharan Africa has arrived in Singapore for a three-day visit, as they hope to forge stronger maritime and aviation links, while getting a glimpse of Singapore’s experience in
      PHOTO: LIANHE ZAOBAO  -  405 words

  • Page 3 Advertisements
    • 95 3 IN YOUR BUSINESS, EVERY MOVE COUNTS Never underestimate the power of a strategic business location.Within steps from the new Downtown MRT line, Asia Square is home to some of the world’s most respected global players.Including one of the leading global banks, three of the top insurance companies,not to mention the
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  • Page 5 Advertisements
    • 107 5 S h ow r o o m o pe n da il y f ro m 9 a m to 7 p m 2 53 Al e xan dra Roa d Tel 6 4 75 8 8 88 HEARTIEST CONGRATULATIONS FROM Our heartfelt congratulations to Komoco Holdings for its remarkable
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  • COMPANIES & MARKETS
    • 546 7  -  HOT STOCK By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SHARES of CNMC Goldmine Holdings leapt in active trading on Monday in an otherwise listless market, likely buoyed by continued positive sentiment stemming from its second-quarter results. At closing, the share price was up 8.7percentor4.5centsto56.5 Singapore cents, after 20.71
      Source: Bloomberg  -  546 words
    • 786 7  -  Proposed full-year payout, which includes a special dividend, follows S$411m sale of half stake in Nouvel 18 By kalpana@sph.com.sg Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore DESPITE posting a big drop in fourth-quarter and full-year net profit, Wing Tai Holdings has proposed to double dividend
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    • 1046 8  -  HOCK LOCK SIEW BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT THE proposed delisting of Sim Lian Group by its founders may serve as yet another reminder of the meandering state of the Singapore bourse, which has seen or is seeing the exit of household
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    • 483 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FIRST Sponsor Group has tied up with China Vanke in developing the group’s mixed-use project in Dongguan in Guangdong province, with the Chinese developer taking up a 55 per cent stake in the project Star
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    • CORPORATE DIGEST
      • 71 8 A WHOLLY-OWNED subsidiary of Yongnam Holdings is buying three parcels of industrial land in Johor for RM46.7 million (S$15.6 million) to move its factory operations there. The group said it has been experiencing higher fabrication labour costs at its Singapore factory over the years, and intends to move
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      • 73 8 LIPPO Malls Indonesia Retail Trust has obtained unsecured term loan facilities of up to S$350 million, with an option to expand this by a further S$70 million through a greenshoe option. The two separate loans of S$175 million each will be used for the acquisition
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      • 124 8 EU Yan Sang’s net loss for its fourth quarter ended June 30, 2016, has widened. In its financial results released on Monday, it posted a net loss of S$14.1 million, from a net loss of S$3.6 million a year ago. This was despite the traditional Chinese medicine
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      • 107 8 THE Maritime and Port Authority (MPA) of Singapore will help Singapore-listed maritime companies to pay for half of the costs of producing sustainability reports, the regulator announced on Monday. MPA will co-fund half of the qualifying costs for the reports, capped at S$50,000 per company. The
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    • 333 8  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PRECISION components and foam plastics producer Broadway Industrial Group is planning to sell its foam plastics and flow control device businesses for S$ 150 million. The group has on Monday entered into
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    • 1176 9  -  Mirxes’ test is compatible with existing set-ups and test results are easily understood. BY CHIN YONG CHANG ycchin@sph.com.sg CURRENT cancer screening methods are invasive and costly. Think of the mammographies, endoscopies, or biopsies that are presently done to detect cancer. Local biotechnology start-up Mirxes
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    • Article, Illustration
      65 10 STI Catalist Straits Times Index Aug 22, 2016 2,841.19 -2.83 (-0.10%) Current streak 1 day Day high 2,847.43 Day low 2,831.15 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Aug 22, 2016 436.53 +0.57 (+0.13%) Current streak 1 day Day high 442.23
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    • 616 10  -  Fears of more fallout in the beleaguered O&G sector, uncertainty over US rate hike timing keep trading sentiments on low drive STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT SHARE prices on the local bourse had little choice but to start the week on
      Source: Bloomberg  -  616 words
    • 308 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 -1 245/242 257 209 6.3 6725.7 CapitaCom Trust 156 -1 156/154.5 159 122.5 5.5 4613.5 CapitaLand 308 -1 309/306 340 267 12.3 2.9 *****.7 CapitaMall Trust 214 -3 217/213 225 184.5
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    • 35 10 VOLUME LionGold 510,113,300 HSI*****MBeCW*****9 94,654,600 Noble 78,813,300 Anchor Resources 35,706,000 CNMC Goldmine 20,705,200 Market volume 1,710,696,000 VALUE DBS Grp 54,722,530 UOB 40,022,972 Singtel 38,866,451 OCBC Bank 25,359,390 Keppel Corp 25,032,466 Market value 689,518,000
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    • 106 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 472 290/287 314/254 288/289 Nikko AM STI ETF 295 403 295/295 320/259 294/295 7.1 IS MS INDIA US$ US721 -10 201 730/721 772/575 723/727 90.1 DBXT MSINDO us$ US1453 -18 46 1469/1452 1534/911
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    • 77 10 Aug 22 VALUE CLOSE BT OB/OS -117.00 -71.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 682.94 -3.03 FTSE ST Small Cap 383.42 -1.00 FTSE ST All Share 696.80 -1.06 FTSE ST China Top 157.34 -0.29 FTSE ST China 188.31 -0.22 FTSE
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    • 35 10 STI FTSE ST All-Share FTSE ST All-Share index Aug 22,2016 696.80 -1.06 (-0.15%) Current streak 1 day Day high 698.61 Day low 695.04 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 34 10 STI MSCI EAFE MSCI EAFE index Aug 19, 2016 1,699.76 -8.14 (-0.48%) Current streak 1 day Day high 1,711.68 Day low 1,694.94 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 1 0 0 7 6 3 Manufacturing 41 36 28 8 5 10 49 41 38 Commerce 15 25 9 2 6 4 17 31 13 Tpt/Stor/Comms 6 11 12
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    • 123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,448 50 13,498 47,685 8 47,693 Manufacturing 58,556 521,851 580,407 54,035 1,166 55,201 Commerce 114,449 27,239 141,688 83,706 366 84,072 Tpt/Stor/Comms 46,944 2,681 49,625 84,578 264 84,841 Finance 20,075 14 20,089 127,964 2 127,966 Construction
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    • 74 10 BY CENTS CLOSE UP 52w high/low Hyflux 6% CPS 9492 56.0 0.6 *****/9300 DBXT MSTHAI US$ 2062 12.2 0.4 2090/1419 DairyFarm USD 745 10.8 1.1 748/556 Thakral 31 10.0 47.6 35.5/15.1 Best World 178 9.5 5.6 179/18 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2 100.0 0.1 0.6/0.1 New
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    • 72 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -174.4 -1.0 *****/***** DBXT MSJAP US$ 4966 -74.3 -1.1 5021/4031 Jardine C&C 4341 -48.0 -1.1 4520/2636 Great Eastern 2081 -45.0 -2.1 2332/1870 JMH USD 6018 -43.3 -0.5 6103/4500 BY PERCENTAGE CLOSE DOWN 52w high/low CN9000MBePW*****0 0.3 -85.0 -1.7 13/0.3 Magnus
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    • 84 10 VOL CLOSE($) CHANGE Kitchen Culture 560.0 0.130 -0.100 -43.48 MSM Intl 14.1 0.090 +0.010 +12.50 Nico Steel 4,370.0 0.006 +0.001 +20.00 Pan Asian 200.0 0.027 -0.003 -10.00 China Yuanbang 14.0 0.400 -0.095 -19.19 China Gaoxian 68.8 0.060 +0.015 +33.33 New Silkroutes 3,169.9 0.540 +0.085 +18.68 Broadway Ind 2,065.0
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    • BROKERS’ TAKE
      • 173 10 DBS Group Research, Aug 22 WE believe that the face of Singapore’s industrial real estate will continue to evolve alongside the continued restructuring of manufacturing activities. The government’s push towards retaining higher value jobs in Singapore while off-shoring low value-added operations will mean that in the
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      • 99 10 UOB Kay Hian, Aug 22 THE Q2 2016 results were below expectations, except for First Resources, as crude palm oil (CPO) production was lower than expected. All companies lowered their 2016 fresh fruit bunches production growth guidance after the low H1 2016 production. CPO prices recovered from
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      • 180 10  - Tat Hong Holdings Hold Compiled by Claire Huang Target price: S$0.54 Aug 22 close: S$0.525 OCBC Investment Research, Aug 22 FOLLOWING Tat Hong’s reported net loss position for Q1 FY2017, we recently saw two of Tat Hong’s peers, Tiong Woon Corporation and Sin Heng Heavy Machinery releasing profit guidance notices
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    • 9 10 DATA I Aug 23 Singapore Consumer Price Index
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    • 378 11 CURRENCIES REUTERS London THE dollar rose on Monday, tracking short-dated US Treasury yields after comments from Federal Reserve vice-chairman Stanley Fischer revived bets on a US interest rate hike by the end of this year. The two-year Treasury yield rose to a post-Brexit
      REUTERS  -  378 words
    • FOREX RATES
      • Article, Illustration
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      • 471 11 Aug 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.983 5.069 0.675 5.902 51.122 100.593 0.767 8.559 3.070 1.050 79.770 35.461 1.029 10.359 0.734 24.205 26.391 0.582 0.761 Canada 1.017 5.157
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      • Article, Illustration
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      • 155 11 Aug 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0288 1.0294 0.7611 0.7613 Canadian dollar 1.0465 1.0473 0.7746 0.7742 Euro 1.5247 1.5257 1.1280 1.1284 NZ dollar 0.9792 0.9801 0.7244 0.7249 Sterling pound 1.7684 1.7698 1.3083 1.3089
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      • 22 11 Aug 22 S$ Bid Offer 1-month 1.3517 1.3522 2-months 1.3518 1.3523 3-months 1.3519 1.3524 6-months 1.3520 1.3527 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 393 11 Aug 22 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9857.50 9900.00 9810.00 9842.50 *****4 *****1 Sep16 9867.50 9912.50 9822.50 9862.50 ***** ***** NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec16 *****.00 *****.00 *****.00 *****.00 812 6887 MSCI TAIWAN
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      • 208 11 Most active Aug 22 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 11.1 0.2 ***** 0.0 1 HSI ***** MB ePW*****9 4.1 -0.6 ***** 0.0 1 DBS MB eCW*****1 10.3 -0.4 3337 0.1 1550 6
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Aug 19 Index Change Change Change Change Change Change World Preliminary 1306.1 -0.2 2.2 0.1 -1.2 -0.4 4.1 EAFE Preliminary 963.9 -0.2 -4.9 0.0 -6.0 -0.5 -1.0 Europe Preliminary 1386.5 -0.5 -1.8
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    • BANK RATES
      • 154 11 Aug 22 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.12 US$ 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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      • 65 11 Aug 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.45 99.47 99.42 5-Year NX*****X 2.250 01-Jun-21 104.21 104.33 104.30 10-Year NX*****F 2.125 01-Jun-26 102.86 103.20 102.87 15-Year NZ*****F 2.875 01-Sep-30 109.56 20-Year NZ*****X 2.250 01-Aug-36 101.37 101.55 101.40
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    • AGRI METALS ENERGY
      • 250 11 Aug-19 Price Net change change Last Trade Agricultural Aug-19 CBOT Soybeans (US cents/bu) 1027.00 -5.25 -0.51% 14/09/2016 CBOT Soybean Oil (US cents/lb) 34.14 -0.05 -0.15% 14/09/2016 CBOT Wheat (US cents/bu) 427.00 unch 0.00% 14/09/2016 Aug-19 LIFFE Cocoa (£/tonne) 2492.00 -20.00 -0.80% 15/09/2016 LIFFE Coffee (US$/tonne) 1786.00 -3.00 -0.17%
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    • 1800 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 -1.5 198 143 141.5 0.9 8 901.8 Div 144 101 ARA Asset Mgmt 137 unch 595 139
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    • 314 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 44.5 29.5 t Advancer Global 38cd +0.5 3168 39 36.5 15.1 65.8 High LOW Company 19.9 8.3 t Anchor Resources 10.9 +0.4 ***** 11 10.4
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    • 133 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3211 2355 DBXT China50 US$ US3145 -3 0 3145 3145 8.6 385 190 DBXT MSBrazil US$ US380 +3 42 380 377 1357 995 DBXT MSCHINA US$ US1322
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  • Page 7 Advertisements
    • 17 7 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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    • 436 7 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
      436 words

  • Page 8 Advertisements
    • 26 8 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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  • Page 9 Advertisements
    • 138 9 STAND OUT IN YOUR FIELD This company is one of the 16 finalists of the Emerging Enterprise Award 2016. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2016 recognises promising enterprises and startups which are up to 10 years old and have an annual turnover
      138 words
    • 252 9 Stone Forest IT It’s all about “CONTROL” inyour Automate online banking payment Speed up payment approvals Expedite purchase approvals Check out our add-on tools for Sage 300 (formerly known as Accpac) to increase work productivity www.StoneForestlT.com.sg lnfo(a)StoneForestlT.com.sg T +65 6594 7594 OPENS TOMORROW Concurrently held with: o THE SINGAPORE WSH
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  • Page 12 Advertisements
    • 71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • 475 14  -  Buyers have the option of getting the strata units on an individual basis or the two floors collectively By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore TWO strata office floors located at AXA Tower at 8 Shenton Way is up for sale
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    • 337 14  -  By Choo Yun Ting yuntingc@sph.com.sg Singapore GLOBAL real estate investment manager LaSalle Investment Management has launched LaSalle Asia Opportunity V, the fifth in its series of closed-end, pan-Asia opportunistic funds, it announced in a news release on Monday. The total fund size is expected
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    • 408 14  -  By Choo Yun Ting yuntingc@sph.com.sg Singapore COMMERCIAL and industrial property insurers FM Global broke ground on a new S$80 million loss prevention training and operations facility in the Singapore Science Park on Monday. The ceremony marks the start of the construction
      408 words
    • 655 14 BLOOMBERG Shanghai CHINA Vanke Co, the developer at the centre of a battle for control, said it wants to communicate with the parties involved and hopes to reach an agreement over its shareholding soon. At a briefing in the southern
      BLOOMBERG  -  655 words
  • Page 14 Advertisements
    • 417 14 A For a copy of the Tender Documents, kindly procure from: 18 Ah Hood Road Level 8, ZhongShan Park Singapore *****7 Tender Closing Date: Mon, 29 th August 2016 3pm By Tender Assignment Of ADDRESS OF PROPERTY: Blk 530 Lorong 6 Toa Payoh #01-06 HDB Hub Singapore *****0. SHOP SPACE:
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  • Page 15 Advertisements
    • 1002 15 NOTICES TOLL FREE 1800 289 8822 I E ma il no ti ces s p h com s g I www s p h c l ass com s g no ti ces Financial Results for the fiscal year ended March 31, 2016 Consolidated Balance Sheets Capital Adequacy Ratio Major
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    • 2148 15 ICICI Bank (Incorporated in India) Registered Office: Landmark, Race Course Circle, Vadodara 390 007 Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Mumbai 400 051 Balance Sheet at March 31, 2016 in '000s Profit and Loss Account for the year ended March 31, 2016 t in 'QQOs Note: The above results
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  • BANKING & FINANCE
    • 866 16 High swap costs leave them with few satisfactory alternatives for US dollar funding IFR Hong Kong JAPANESE megabanks are emerging as the biggest victims of a worsening squeeze in the US$1 trillion commercial paper market, as high swap costs leave them with few satisfactory
      IFR; PHOTO: REUTERS  -  866 words
    • 549 16 BLOOMBERG Tokyo NOMURA Holdings Inc plans to hire bankers in the US, resuming a push to boost its investment banking business in a market that remains a priority for Japan’s biggest brokerage following a round of cost cuts. The Tokyo-based
      BLOOMBERG; PHOTO: BLOOMBERG  -  549 words
    • 790 16 IFR Sydney A WORSENING dislocation in the US money markets is helping to drive a run of jumbo dollar bond sales from Australia’s major banks, as the likes of Westpac Banking Corp take advantage of attractive hedging costs to
      IFR  -  790 words
  • Page 16 Advertisements
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  • ENERGY & COMMODITIES
  • Page 17 Advertisements
    • 15 17 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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    • 64 17 Orient Express Lines (Singapore) Pte Ltd NOTICE TO TRADE TRADE SURCHARGE Singapore/Port Klang to Kolkata/Haldia and vice versa With the increase in operating costs, we wish to inform the trade that we will implement a Trade Surcharge of USD100.00 per TEU for all SOC shipments (Laden) and USD 50.00 per
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    • 1140 17 NOTICES OTTO MARINE LIMITED (Company Registration No. *****2647M) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Otto Marine Limited (the “Company”) will be held on 14 September 2016 at 10.00 a.m., at Room 300-301 Suntec Singapore International Convention Exhibition Centre,
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  • TECHNOLOGY
    • 451 18 NYT New York THE list most sex offenders must sign in order to be granted parole in New York state includes many stipulations, all written in the first person; there are promises to register with local police, to
      NYT  -  451 words
    • 854 18 IT accounts for 4.6m US jobs and most of them are going to men Proportion of female workers in IT down at 25% from 31% in 1990: Census Bureau WP Washington THE percentage of women working in the information technology field has always been relatively low, but it didn’t use
      WP  -  854 words
    • 576 18 NYT New York CHANCES are, you plug in your phone before you go to bed at night, thinking it’s best to greet the morning with a fully charged device. Is this a good idea? That depends. Here’s the thing. Many people don’t expect to
      NYT; FILE PHOTO  -  576 words
    • 1119 18 BLOOMBERG Paris JEFF BEZOS’S relentless focus on user experience has helped him make Amazon the most valuable e-com-merce company in the world. But regulators in Europe and the US say that the value Amazon places on the technology behind that experience
      BLOOMBERG; PHOTO: REUTERS  -  1,119 words
  • Page 18 Advertisements
    • 85 18 At Oxley Road, swinging from the rail of an opentop van. There were many such vans parked in front of our house to bring Pa to meet the people in various parts of Singapore. With two brothers, the need to keep up with the boys was intense. I was probably
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  • CONSUMER
    • 560 19 BLOOMBERG Johannesburg COCA-COLA Beverages Africa (CCBA), the bottling joint venture between the US soft-drink maker and brewer SABMiller plc, may close South African plants and see profit in the country more than halve if the government pushes ahead with a
      BLOOMBERG  -  560 words
    • 619 19 It gains cancer drug xtandi with acquisition; analysts project it to generate US$1.33b in annual sales by 2020 BLOOMBERG New York PFIZER Inc has agreed to buy Medivation Inc for about US$14 billion, gaining a blockbuster prostate cancer treatment and leaving French
      BLOOMBERG  -  619 words
    • 322 19  -  Partnership allows credit card users to use points to pay for rides By ycchin@sph.com.sg Chin Yong Chang ycchin@sph.com.sg Singapore CITIGROUP said it is working on a partnership with Grab that would allow credit card holders to use points to pay for rides. The
      322 words
    • 645 19 REUTERS Seoul SAMSUNG Electronics Co Ltd plans to launch a programme to sell refurbished used versions of its premium smartphones as early as next year, a person with direct knowledge of the matter told Reuters. The South Korean technology firm is looking for ways
      REUTERS  -  645 words
  • Page 19 Advertisements
    • 17 19 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
      17 words
    • 56 19 NOTICE TO TRADE TRADE SURCHARGE Singapore to Kolkata/Haldia and vice versa Please be informed that with effect from 1 September 2016, we will be implementing a Trade Surcharge for all our SOC shipments from Singapore to Kolkata/Haldia and vice versa at USD105.00 TEU (Laden) and USD 52.50 per TEU (Empty).
      56 words
    • 1340 19 NOTICES GLOBAL RIVER INVESTMENT LIMITED Business Company Number: *****39 IN VOLUNTARY LIQUIDATION Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Global River Investment Limited commenced on 15 August 2016 and that Lia Shiow Jiuan Nicole of
      1,340 words

  • GOVERNMENT & ECONOMY
    • 939 20 The underemployment rate has jumped to more than 5% from near zero in 2010: professor BLOOMBERG Beijing CRACKS are starting to show in China’s labour market as struggling industrial firms leave millions of workers in flux. While official jobless numbers haven’t
      BLOOMBERG; PHOTO: BLOOMBERG  -  939 words
    • 816 20 to have a tax BLOOMBERG Jakarta SUCIPTO Hidayat’s poultry house started with just five chickens. Thirteen years later, the Indonesian farmer has more than 14,000 egg-laying hens, yet has had to put plans to double his farm’s production on hold.
      to have a tax BLOOMBERG  -  816 words
    • 454 20 needed to revive the economy. REUTERS Taipei TAIWAN’S export orders in July contracted for the 16th straight month as global demand for technology products stayed weak, but Chinese orders grew in a sign of recovering factory activity. The
      needed to revive the economy. REUTERS  -  454 words
    • 1390 21 But while the latter is deemed to be ”broken in theory”, it appears to be still working in practice BLOOMBERG Hong Kong GROSS domestic product is so 20th century. The measure has risen from humble beginnings during the Great Depression to
      BLOOMBERG; PHOTO: AFP  -  1,390 words
    • 413 21 REUTERS Manila PHILIPPINE President Rodrigo Duterte’s administration will stick to deficit spending until he steps down in 2022 to ensure sustainable economic growth beyond his six-year term, his budget minister told lawmakers on Monday. The seven-week-old government has vowed to fix the
      REUTERS; PHOTO: AFP  -  413 words
    • 512 21 REUTERS Tokyo FOREIGN ministers from Japan, China and South Korea will meet in Tokyo for two days this week to discuss cooperation, the countries said on Monday, after tension among them raised doubt about prospects for talks. Relations between the
      REUTERS  -  512 words
    • 419 21 BLOOMBERG Bangkok THAILAND’S central bank is concerned that further appreciation of the baht will hurt exporters and damage the nation’s economic recovery. The currency advanced to the strongest level in 13 months last week as overseas investors boosted their holdings of
      BLOOMBERG  -  419 words
  • Page 20 Advertisements
    • 45 20 HOT PROPERTY $1.38M PRIME "A-GRADE"! Far East Plaza. Face Escalator. Rent $4.3k. Below last tran-sacted BUKIT BATOK STREET 11 $2.3M 2-Sty HDB shophse living quarter 1615 sf! Good rental! SHOP SPACES FOR SALE Check out these properties and more in The Straits Times Classified now!
      45 words
    • 12 20 a y www.omy.sg Competition I I I •i ***** iws i*i un
      12 words
    • 21 20 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company’s financial performance through The Straits Times Notices. 14/myj jun
      21 words

  • Page 21 Advertisements
    • 64 21 NOTICE TO TRADE TRADE SURCHARGE SINGAPORE/PORT KLANG TO KOLKATA AND VICE VERSA In order to recover the increase in operating costs in this trade, we will be implementing a Trade Surcharge of USD 95.00 per TEU on all SOC shipments (Laden) and USD 47.50 per TEU (Empty) from Singapore/Port Klang
      64 words

  • TRANSPORT
    • 363 22 Major commuter train services in Tokyo and surrounding region operating normally, including bullet trains AFP Tokyo A STRONG typhoon stuck near Tokyo on Monday, with heavy rain and winds grounding more than 400 flights as officials warned of landslides and flooding. Typhoon
      AFP  -  363 words
    • 855 22 NYT New York SCRAMBLING through a crowd of frazzled commuters at a Lower Manhattan train station on a recent Saturday, Romany Saad navigated his limited options for getting to work, hoping he would not be late
      NYT  -  855 words
    • 399 22 REUTERS Toronto A CANADIAN Pacific Railway Ltd train derailment in Toronto caused a diesel leak near a residential area on Sunday, authorities said. While a regulation body said that there were no injuries, Transport Minister Marc Garneau told reporters that about 1,200 litres
      REUTERS  -  399 words
    • 520 22 BLOOMBERG London PRIME Minister Theresa May’s decision to delay a new nuclear plant backed by China makes it more likely that expansion at London Heathrow Airport, which also has Chinese investors, will win UK government backing, chief executive officer John Hol-land-Kaye
      BLOOMBERG  -  520 words
    • 389 22 AFP Berlin EMBATTLED automaker Volkswagen was set to hold talks on Monday with two component suppliers, in a bid to end a stand-off over car parts deliveries that has severely disrupted production at the German giant. ES Automobilguss, which supplies cast
      AFP; PHOTO:REUTERS  -  389 words
  • Page 22 Advertisements
    • 64 22 NOTICE TO TRADE TRADE SURCHARGE Singapore/Port Klang/Colombo to Kolkata and vice versa In order to recover the increase in operating costs, we will be implementing a Trade Surcharge of USD 110.00 per TEU on all SOC shipments (Laden) and USD 55.00 per TEU (Empty) from Singapore/Port Klang /Colombo to Kolkata
      64 words

  • Page 23 Advertisements
    • 960 23 THE BUSINESS TIMES SHIPPING TIMES FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION PRIMA SAMUDRA 10/16 29/08 31/08 BELITUNG/PKL BALAM SRIJAYA 8 22/16 IN PORT 25/08 JAMBI/PEKAN BARU FLORA 8 12/16 IN PORT 25/08 PALEMBANG/PANJANG BERJAYA II 10/16 IN PORT 25/08 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI
      960 words

  • OPINION
    • 606 24 EDITORIAL The Russian decision to deploy bombers and fighter aircraft from its base in Iran to strike at Syrian rebels has added another knot to the tangled conflicts that afflict the region. Moscow revealed last week that Russian
      606 words
    • 814 24  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington AN ageing America reduces the economy’s growth big time. This is the startling conclusion of a new academic study, and if it withstands scholarly scrutiny, it could change our national political
      THE WASHINGTON POST WRITERS GROUP  -  814 words
    • 1628 24  -  He has the support of angry white fans who see him as their saviour By Leon Hadar Washington I WAS preparing to receive my PhD from an American university a few years ago, when I received a phone call from
      PHOTO: AFP  -  1,628 words
    • 906 25  -  COMMENTARY By Yos Pang T The writer is a commercial lawyer at Holborn Law LLC in association with Olswang Asia CELEBRITY endorsements are a multi-mil-lion dollar business and especially prominent in the world of sports. Companies such as Nike, Under Armour,
      906 words
    • 596 25  -  By Edward Lister T The writer is chairman of the UK Homes and Communities Agency. He was previously deputy mayor of London with responsibility for real estate planning under then mayor of London Boris Johnson OVER the years as leader
      596 words
    • 199 25  -  LETTER TO THE EDITOR Kelly wee Director (corporate communications) inland Revenue Authority of Singapore WE refer to the letter “Resolve cash-flow conundrum faced by GST-registered exporting SMEs” by Mr Manmohan Singh (BT, Aug 16). We would like to assure businesses and members of the
      199 words
    • 1102 25  -  But for now, the Pentagon is playing down the recent build-up of Russian troops on the border. border.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics
      PHOTO: REUTERS  -  1,102 words


  • SME
    • 1351 26  -  Vi Dimensions uses machine learning software to manage existing surveillance systems. BY CHIN YONG CHANG ycchin@sph.com.sg SINGAPORE is heavily populated with security cameras reports say the police have installed 65,000 cameras since 2012, and they will add another 11,000 over the next four years.
      PHOTO: ARTHUR LEE  -  1,351 words
  • Page 26 Advertisements
    • 129 26 OoCBC Bank 4" www.ocbc.com/business-bank Q OCBC bilmi Banking Biqqer value, better head start with OCBC Business First Account G«t your business gong with a low initial doposit and froo monthly transactions worth up to $380*. 'Terms and Conditions apply Find out more CLICK START YOUR BUSINESS SUCCESS Enjoy greater convenience.
      129 words

  • THINK GLOBAL THINK STANDARDS
    • 1118 27  -  Cadi Scientific has developed a range of wireless sensing, tracking, and matching devices and is leveraging standards to improve integration efficiency with hospital requirements. BY MINDY TAN BY MINDY TAN Chances are, you have a wearable that tracks your steps or perhaps even your
      1,118 words
    • 907 27  -  By Mindy Tan “OUR vision is simple,” says AWAK Technologies executive director Neo Kok Beng. “We want to create a new paradigm in dialysis to enable freedom, so that patients can go where they want, so that patients don’t have to
      907 words
  • Page 27 Advertisements

  • LIFE & CULTURE
    • 1461 28 Concerns about the Olympic Games in Rio ranging from polluted water to the Zika virus have come to nought NYT Rio de Janeiro NOW that the Rio Olympics are finally ending, you can imagine how the organisers of these Games might
      NYT; PHOTO: AFP; PHOTOS: AFP, REUTERS  -  1,461 words
    • 953 28 New book examines creative tensions in their friendships and the effect on their art NYT New York A FAMOUS portrait of Francis Bacon brazenly stolen off a museum wall. Manet stabbing through an image of his wife painted for
      NYT; PHOTO: NYT  -  953 words
  • Page 28 Miscellaneous
    • 327 28 CRYPTIC CROSSWORD Across 1 Song about Ross Poldark initially being a surly fellow (10) 6 Prevent trophies being sent back (4) 9 Tablet with primrose that’s got rid of cold you’ll sleep on it (10) 10 Yield of grain reported (4) 12 Vegetable that’s acceptable uncooked mostly (4) 13 See
      327 words