The Business Times, 24 August 2016

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Microfilm: NL33936
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    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 Wednesday, August 24, 2016
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  • Article
    Lock icon DAILY DIGEST
    184 1 Land-hungry developers make a beeline for an executive condominium site in Anchorvale Lane, Sengkang a turnout not seen for an EC plot since July 2013. TOP STORIES 3 Local interest rates are falling as the strong Singapore dollar attracts inflows, with 3-month Sibor at a 12-month low of
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  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 2,850.43 +9.24 KL COMP 1,683.07 -8.00 NIKKEI 225 16,497.36 -100.83 HANG SENG 22,998.93 +1.02 SHENZHEN B 1,163.21 +2.83 DOW (11.45AM EDT) 18,574.52 +45.10
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  • Article
    Lock icon SGX suspends minimum-price rules, wants to add market-cap test
    594 1  -  The market regulator is seeking public feedback on this proposal, which it says refines the controversial minimum trading price (MTP) requirement By Kenneth Lim kenlim@sph.com.sg @kennethLimBT Singapore THE Singapore Exchange (SGX) is suspending its minimum trading price (MTP) rules to consider
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  • Article, Illustration
    Lock icon S’pore inflation negative for 21st straight month, but core inflation holds steady
    742 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE may have recorded its 21 st straight month of negative inflation in July its longest stretch of falling prices on record but economists continue to stress that the country is not
    Source: Department of Statistics  -  742 words
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      71 1 *****1 *****1 THE BUSINESS TIMES Don’t miss the watch supplement of the year! 32 pages of 2016’s hottest timepieces in BT on Friday. Tradition Chronographe Independant 7077 ss -•> 9s 0 0 V Sr i o 0 Depuis 1775 SINCERE ESTD 1954 SINCERE FINE WATCHES Takashimaya S.C. Ngee Ann City
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      12 1 EUROZONE Meeting of German, French, Italian heads reflects uncertainty GOVERNMENT ECONOMY 24
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      50 1 HOCK LOCK SIEW Singtel’s Intouch, Bharti Telecom deals promise long-term benefits companies markets 5 SPECIAL FOCUS Opportunities despite high valuations BT INVESTMENT GUIDE 15-18 PM Lee’s letter to Mrs Nathan: “Mr Nathan’s life... was a story of perseverance, duty, and a man’s indomitable will.” TRIBUTES TO SR NATHAN, PAGE 2
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  • TOP STORIES
    • Article
      Lock icon Farewell to a father figure
      851 2  -  TRIBUTES TO SR NATHAN By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT was October 2005, and the talk of the town at the time was the controversial decision by the authorities to cane a mentally-impaired teenager for molest. The 18-year-old, with an IQ of 58, was
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    • Article
      Lock icon ‘He was a people’s leader who cared for us...’
      920 2 “Mr Nathan. once said, ‘The trade union movement is the place where the small man rises. The small man is important. Don’t take him for granted.’ And he humbly added, ‘It’s the trade union movement that gave me the courage to
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    • Article
      Lock icon From delinquent to president: ESM Goh, PM Lee letters recount Nathan’s life
      652 2  -  Letters to his family tell of the late Mr Nathan as one who overcame circumstances to become a well-loved president By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore WHEN first asked by then-prime minister Goh Chok Tong to stand as
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    • Article, Illustration
      Lock icon Sengkang EC site draws land-hungry developers
      728 3  -  Hoi Hup-Sunway leads 16 bids with S$355.07 psf ppr offer, 27% more than price paid for Treasure Crest site By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore LAND-HUNGRY residential developers made a beeline for an executive condominium (EC) site in Anchorvale Lane, Sengkang, on Tuesday. The
      Source: HDB  -  728 words
    • Article
      Lock icon SPH unveils integrated marketing division
      478 3 Singapore SINGAPORE Press Holdings (SPH) has unveiled a one-stop marketing strategy to serve advertisers across the group’s many products. The media and property group’s new integrated marketing division, which will come under a beefed up management team, brings together its sales and marketing staff from
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    • Article, Illustration
      Lock icon SGX suspends minimum-price rules, wants to add marketcap test
      550 4 T Continued from Page 1 The moratorium will bring respite for an estimated 125 companies that are expected to be on the MTP watch list if the review were to take place as scheduled in September. Of those, 53 have already
      BT Graphics  -  550 words
    • Article, Illustration
      Lock icon 3-month Sibor falls to 12-month low amid Singdollar strength
      511 4  -  The three-month swap offer rate or SOR, a benchmark for commercial loans, has fallen even more By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore LOCAL interest rates are falling as the strong Singapore dollar is attracting inflows. The key three-month Sibor (Singapore
      Source: Bloomberg  -  511 words
    • Article
      Lock icon MinLaw, IPOS seek views on proposed changes to copyright rules
      543 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE Ministry of Law (MinLaw) and the Intellectual Property Office of Singapore (IPOS) have launched a public consultation exercise to gather feedback on proposed changes to the country’s copyright rules. The consultation will run
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      358 2 1924 July 3: Sellapan Ramanathan is born in Singapore Through all seasons 1940 Runs away from home and ends up in Muar 1952 Begins two-year diploma course in social studies at University of Malaya in Singapore Former Singapore president SR Nathan died on Aug 22, 2016. The Business Times traces
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      144 3 CPF RETIREMENT PLANNING ROADSHOW Suntec, West Atrium 27 28 August 2016 11am 6pm Plan ahead I to reach your retirement goals faster. Find out how your CPF has been helping you prepare for your retirement. Discover useful tips and information on how early planning can help you reach your goals
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      200 4 A SifiZi *w* ■i You'll be surprised at how quickly you feel at home At PARKROYAL Serviced Suites, we know how important it is for you to hit the road running and so we make sure you have all the amenities and services necessary to make your extended stay as
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  • COMPANIES & MARKETS
    • Article
      Lock icon Singtel’s Intouch, Bharti Telecom deals promise long-term benefits
      1293 5  -  HOCK LOCK SIEW BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT SINGAPORE Telecommunications (Singtel), South-east Asia’s biggest telco, is reaping the benefits of taking the risk of investing early in growth markets in Asia. When the European telcos started to privatise, as part of
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    • Article
      Lock icon Delong unveils plan to go into investment business
      304 5  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore DELONG Holdings, whose core business is the manufacture and sale of hot-rolled steel coil, has proposed to diversify into the investment business. For a start, it plans to invest 60 million yuan (S$ 12.2 million) for
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    • Article
      Lock icon Ley Choon wins contract, updates debt revamp
      659 6  -  Unit secures S$35.3m contract from PUB; group is in the midst of divesting non-core assets as part of debt-restructuring exercise By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ALONG with its announcement of a new contract win by a subsidiary on Tuesday, construction firm Ley
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    • CORPORATE DIGEST
      • Article
        Lock icon CNMC Goldmine Holdings
        98 6 CNMC Goldmine Holdings’ application for large-scale operations at its Sokor gold field project has been approved, allowing the company to mine unlimited amounts of ore. The mining lease, which originally expires in 2018, will also be extended to Dec 31, 2034, providing long-term certainty to the group’s
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      • Article
        Lock icon AusGroup
        48 6 IN A profit warning issued after Tuesday trading hours, AusGroup said it has decided to cease its Singapore fabrication and manufacturing businesses. It expects to report a net loss for the fourth quarter ended June 30, 2016 due to “prolonged adverse business environment” impacting certain business segments.
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      • Article
        Lock icon Sembcorp Marine
        82 6 SEMBCORP Marine (SembMarine) is acquiring the 15 per cent of PPL Shipyard (PPLS) that it doesn't already own for US$115 million in cash, making the vessel design and construction firm a wholly owned subsidiary of the group. With the latest acquisition, it will have invested about S$186 million
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      • Article
        Lock icon Magnus Energy
        82 6 MAGNUS Energy has added a new substantial shareholder after Value Capital Asset Management Private Limited, investment manager for Premier Equity Fund, raised its stake in the group from 0.1 to 10.05 per cent through the conversion of rights. Magnus Energy also announced that S$400,000 worth of redeemable convertible
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      • Article
        Lock icon Tiong woon Corporation
        67 6 foreign exchange losses and a higher impairment charge on trade receivables caused integrated heavy lift specialist and services provider Tiong Woon Corporation to fall into the red in the 2016 financial year. It chalked up a net loss of S$9.7 million, compared to a net profit of
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    • Article, Illustration
      Lock icon Keeping abreast of changes in age of robotics, digitalisation
      1185 6  -  Accountants have to review their skill sets and adapt. BY MELVIN YONG Accountants need to revisit their career goals and review how their skill sets can better prepare them for the massive changes brought about by the age of robotics, analytics
      FILE PHOTOS  -  1,185 words
    • Article, Illustration
      Lock icon Bringing sexy to cashback
      1274 7  -  Duo share the beauty of their ShopBack model. BY RENALD YEO yrenald@sph.com.sg THEY say that third time’s the charm. For serial entrepreneur Henry Chan, the adage has proven true. A mechanical engineer by training, the 31-year-old went through two failed startups before his third venture took
      PHOTO: AIDAN LOO  -  1,274 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index Aug 23,2016 2,850.43 +9.24 (+0.33%) Current streak 1 day Day high 2,850.43 Day low 2,834.87 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Aug 23,2016 433.55 -2.98 (-0.68%) Current streak 1 day Day high 437.70 Day low
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    • Article, Illustration
      Lock icon STI ends up after vacillating
      643 8  -  Singapore Reits in focus amid investors’ hunt for yield, on hopes that the US Fed cries wolf STOCKS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT THE Straits Times Index (STI) closed higher on Tuesday after gentle swings between gain and loss in the afternoon. Boosted by the
      Source: Bloomberg  -  643 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 +3 246/242 257 209 6.3 6809.1 CapitaCom Trust 154 -2 156/153 159 122.5 5.6 4554.4 CapitaLand 307 -1 308/306 340 267 12.3 2.9 *****.9 CapitaMall Trust 216 +2 216/214 225 184.5
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Magnus Energy 434,984,600 LionGold 101,470,000 Noble 73,248,900 WE 39,650,000 HLH Grp 26,185,600 Market volume 1,614,671,000 VALUE DBS Grp 44,319,080 Singtel 36,411,300 CapitaLand 34,609,883 UOB 28,591,993 HongkongLand USD 23,204,489 Market value 754,366,000
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    • Article
      Lock icon SGX ETFS
      111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US722 +1 344 725/720 772/575 721/724 90.3 STI ETF 290 +1 93 290/288 314/254 289/290 DBXT MSPHILS US$ US218.4 79 218.4/217.7 222.5/158.5 218/218.8 17.5 DBXT MSTHAI US$ US2034 -28 72 2107/2014 2107/1419
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 23 VALUE CLOSE BT OB/OS -163.00 -46.00 BT CADI -*****.00 -19.00 BT 10-day MA -*****.00 -16.00 FTSE ST Mid Cap 683.87 +0.93 FTSE ST Small Cap 382.96 -0.46 FTSE ST All Share 699.42 +2.62 FTSE ST China Top 157.69 +0.35 FTSE ST China 188.53 +0.22 FTSE
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      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Aug 23,2016 699.42 +2.62 (+0.38%) Current streak 1 day Day high 699.42 Day low 695.86 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE MSCI EAFE index Aug 22, 2016 1,702.30 +2.54 (+0.15%) Current streak 1 day Day high 1,705.62 Day low 1,693.39 52-week high 1,779.25 (Oct 26, 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 5 6 5 1 0 0 6 6 5 Manufacturing 30 39 30 3 9 13 33 48 43 Commerce 24 19 12 3 2 5 27 21 17 Tpt/Stor/Comms 13 9 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,427 50 10,477 31,545 8 31,554 Manufacturing 77,453 144,706 222,159 69,002 1,379 70,381 Commerce 109,208 56,670 165,878 89,821 514 90,335 Tpt/Stor/Comms 78,822 2,357 81,179 121,106 231 121,336 Finance 14,187 270 14,457 103,240 33 103,272 Construction
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low Hyflux 6% CPS 9700 208.0 2.2 *****/9300 JMH USD 6160 191.4 2.4 6160/4500 GLD US$ ***** 76.8 0.4 *****/***** DBXT MSKorea US$ 5861 70.1 0.9 5878/4478 DBXT MSEurope US$ 5502 56.6 0.8 5733/4770 BY PERCENTAGE CLOSE UP 52w high/low Vashion 0.5 66.7 0.2
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low DBXT Vietnam US$ 2380 -53.9 -1.7 2533/2017 DBXT MSTaiwan US$ 2236 -43.1 -1.4 2298/1667 DBXT MSTHAI US$ 2034 -37.7 -1.4 2107/1419 Jardine C&C 4310 -31.0 -0.7 4520/2636 DBXT MSCHINA US$ 1310 -16.2 -0.9 1357/995 BY PERCENTAGE CLOSE DOWN 52w high/low Abundance Intl 3.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Global Tech 3,883.4 0.044 +0.011 +33.33 Abundance Intl 200.0 0.035 -0.025 -41.67 Broadway Ind 15,556.3 0.194 +0.028 +16.87 Pollux Prop 600.0 0.030 -0.005 -14.29 Vashion 140.1 0.005 +0.002 +66.67 HLH 26,185.6 0.007 +0.001 +16.67 Metal Component 5,827.4 0.049 +0.004 +8.89 Advanced 132.1 0.220 -0.030 -12.00
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    • BROKERS’ TAKE
      • Article
        Lock icon Oil & Gas sector | Neutral
        126 8 Oil Gas sector Neutral OCBC Investment Research, Aug 23 OPEC (Organization of the Petroleum Exporting Countries) members are meeting major exporting non-Opec countries at the International Energy Forum in Algeria from Sep 26-28 to discuss the oil market situation, including any possible action that may be required to stabilise the
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      • Article
        Lock icon CapitaLand Retail China Trust | Accumulate
        142 8 CapitaLand Retail China Trust Accumulate Target price: S$1.62 Aug 23 close: S$1.63 Phillip Securities Research, Aug 23 CAPITALAND Retail China Trust (CRCT) announced the acquisition of Galleria, a relatively new mall opened in 2010, located in Xinnan Tiandi, a well-established retail precinct in Chengdu. With 100 per cent occupancy currently,
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      • Article
        Lock icon Wing Tai | Buy
        142 8  - Wing Tai Buy Compiled by Claire Huang Target price: S$2.37 Aug 23 close: S$1.78 UOB Kay Hian, Aug 23 WING Tai results came in below our and consensus expectations. We opine that growth could likely be bolstered by the group’s sizeable war chest with acquisition opportunities in overseas markets like
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    • Article
      Lock icon CALENDAR
      9 8 DATA I Aug 24 US MBA Mortgage Applications
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    • Article
      Lock icon US$ dips as focus shifts to Yellen’s Friday speech
      388 9 CURRENCIES REUTERS London THE US dollar weakened across the board on Tuesday, as investors shifted their focus away from hawkish remarks on US interest rates by Federal Reserve officials and towards a speech on Friday by Fed chairwoman Janet Yellen. The
      REUTERS  -  388 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.081 0.674 5.930 51.295 101.087 0.766 8.544 3.076 1.044 80.140 35.527 1.031 10.300 0.735 24.269 26.462 0.580 0.765 Canada 1.014 5.150
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0307 1.0317 0.7647 0.7649 Canadian dollar 1.0448 1.0458 0.7754 0.7751 Euro 1.5287 1.5301 1.1341 1.1344 NZ dollar 0.9875 0.9887 0.7326 0.7330 Sterling pound 1.7772 1.7789 1.3185 1.3189
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 23 S$ Bid Offer 1-month 1.3478 1.3490 2-months 1.3478 1.3491 3-months 1.3480 1.3492 6-months 1.3481 1.3494 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 9 Most active Aug 23 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 11.4 0.3 ***** 0.0 1 HSI ***** MB ePW*****9 4.1 unch 4538 0.0 1 DBS MB eCW*****1 10.9 0.6 2545 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 22 Index Change Change Change Change Change Change World Preliminary 1305.4 -0.1 2.2 0.1 -1.0 -0.1 4.0 EAFE Preliminary 964.1 0.0 -4.9 0.3 -5.6 0.1 -0.8 Europe Preliminary 1384.5 -0.1 -2.0
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        393 9 Aug 23 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9850.00 9932.50 9815.00 9862.50 *****4 *****1 Sep16 9867.50 9950.00 9835.00 9875.00 ***** ***** NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec16 *****.00 *****.00 *****.00 *****.00 1290 6808 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 23 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.11 US$ 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
        63 9 Aug 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.49 99.52 99.51 5-Year NX*****X 2.250 01-Jun-21 104.29 10-Year NX*****F 2.125 01-Jun-26 103.07 103.34 103.20 15-Year NZ*****F 2.875 01-Sep-30 109.78 20-Year NZ*****X 2.250 01-Aug-36 101.64 101.85 101.70 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Aug-22 Price Net change change Last Trade Agricultural Aug-22 CBOT Soybeans (US cents/bu) 1035.25 8.25 0.80% 14/09/2016 CBOT Soybean Oil (US cents/lb) 33.89 -0.25 -0.73% 14/09/2016 CBOT Wheat (US cents/bu) 415.25 -11.75 -2.75% 14/09/2016 Aug-22 LIFFE Cocoa (£/tonne) 2406.00 -86.00 -3.45% 15/09/2016 LIFFE Coffee (US$/tonne) 1799.00 13.00 0.73%
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    • Article
      Lock icon SGX MAINBOARD
      1709 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 unch 131 142 141 0.9 8 901.8 Div 144 101 ARA Asset Mgmt 136 -1 861 139
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    • Article
      Lock icon SGX CATALIST
      287 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 44.5 29.5 t Advancer Global 39.5cd +1.5 ***** 41 38.5 15.7 68.4 High LOW Company 19.9 8.3 t Anchor Resources 10.6 -0.3 ***** 11 10.6
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    • Article
      Lock icon SGX ETF
      135 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 890 700 CIMBASEAN40 US$ US890 +1 0 890 890 139.6 C000) Day 1357 995 DBXT MSCHINA US$ US1310 -12 1 1310 1310 5878 4478 DBXT MSKorea US$ US5861
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      828 5 Advertorial Japan Banking Giant Expects Plenty Of Growth In Asia “Middle class, auto sector are opportunities,” says SMBC’s top man in the region Asia might be buffeted by the winds of a China slowdown, a commodity price crash and the threat of a US interest rate hike. But as far
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  • Page 7 Advertisements
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      383 7 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
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  • Page 10 Advertisements
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      71 10 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
    • Article
      Lock icon Thai industrial estate developer Amata to expand into Myanmar
      425 12 It wants to capitalise on rising foreign investment in the country after suffering a slowdown in its home market REUTERS Bangkok AMATA Corp Pcl, Thailand’s biggest developer of industrial estates, aims to expand into Myanmar by 2020 to capitalise on rising
      REUTERS  -  425 words
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      Lock icon London boom to end next year on Brexit
      427 12 BLOOMBERG London HOME values in London will fall for the first time since 2009 next year on economic uncertainty resulting from the UK’s vote to leave the European Union, according to Countrywide Plc. Price growth for homes in the capital will slow
      BLOOMBERG; PHOTO: AFP  -  427 words
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      Lock icon Vanke hikes H1 profit but warns of rough ride ahead
      374 12 AFP Shanghai CHINA’S biggest property firm, Vanke, on Monday blamed a takeover that it is trying to fight off for worsening business conditions, even as it reported higher profits. Bosses of Vanke, China’s largest residential developer by sales, have for
      AFP; PHOTO: BLOOMBERG  -  374 words
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      Lock icon Big China cities could see renewed spike in home prices as housing glut eases
      484 12 REUTERS Beijing THERE could be a further jump in home prices in China’s biggest cities since inventories of unsold homes fell sharply in July, state news agency Xinhua reported on Tuesday, citing an industry report. An
      REUTERS; FILE PHOTO  -  484 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      123 12 SINGAPORE LYRIC OPERA t 07/ ,r PUCCINI iSb w 26, 27, 29 30 AUGUST 2016 I ESPLANADE THEATRE 8PM Sung in Italian with English and Chinese surtitles CONDUCTOR LO KING MAN JOSHUA KANGMING TAN TURANDOT JEE-HYE HAN CALAF LEE JAE WOOK LIU LI YANG TIMOR WILLIAM LIM WITH THE SINGAPORE
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      Lock icon Page 12 Advertisements Column 2
      90 12 FOR SALE B1 4-STOREY INDUSTRIAL BUILDING IN EUNOS Potential addition of about 21,000sf to the side and front of the building Conversion of the void area on the 2nd floor by 4,300sf All floors served by cargo lift, 15 parking lots Near to Paya Lebar/Eunos MRT and major expressways Land/Floor
      90 words
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      Lock icon Page 12 Advertisements Column 3
      26 12 (@)JUInternational Residential Property Services +65 8125 7636 Vanessa Chan Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • BANKING & FINANCE
    • Article
      Lock icon UBS hires junk-debt traders Chang, Raman from Morgan Stanley
      287 13 BLOOMBERG New York UBS Group AG hired traders Jeff Chang and Vivek Raman from Morgan Stanley as Switzerland’s biggest bank bolsters its junk-debt trading business in the US. Mr Chang and Mr Raman left Morgan Stanley last Friday and will start
      BLOOMBERG  -  287 words
    • Article
      Lock icon Illiquid assets at Europe investment banks fuel capital doubts
      493 13 BLOOMBERG Frankfurt EIGHT years after the financial crisis, Europe’s biggest investment banks are holding illiquid assets amounting to more than half their combined shareholders’ equity, underlining concerns about capital. Deutsche Bank AG, Credit Suisse Group AG and Barclays plc say their
      BLOOMBERG  -  493 words
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      Lock icon BlackRock bullish on EM as profits improve
      458 13 It upgrades emerging-market equities to “overweight”, citing improved fundamentals and stable outlook for US$ BLOOMBERG New York THE world’s largest asset manager has turned bullish on developingnation stocks after a three-month rally that pushed the benchmark index to the highest levels in a
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    • Article
      Lock icon Microfinance leaves India banks in the dust
      379 13 REUTERS Hong Kong MICROFINANCE is making India’s big banks look bad. Small lenders that help the poor buy everything from bicycles to sewing machines are back and growing at breakneck speed after the industry nearly collapsed six years ago. The last boom ended
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      167 13 MEDICAL MANUFACTURING ASIA 3rd Manufacturing Processes for Medical Technology Exhibition and Conference 31 AUG-2 SEP 2016 Sands Expo Convention Centre Marina Bay Sands Singapore L J Wide-ranging showcase of the latest MedTech technologies and innovations by 200 established exhibitors from 20 countries, including groups from Austria, China, Germany, Italy, Japan,
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      166 13 OPENS TODAY The 10th Occupational m Safety 4f X Health Exhibition for Asia k m i O A 10.00am 6.00pm fcw Suntec Singapore Aug 2016 Halls 402 and 403 THINK SAFETY, WORK SAFELY Concurrently held with: o THE SINGAPORE WSH CONFERENCE 2016 The Singapore WSH Conference 2016 24 25 August
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Gold rally reviving scrap recycling
      842 14 With prices set for their biggest annual gain since 2010, recyclers are expanding capacity BLOOMBERG London THE surprising rebound in gold prices this year has given new life to unwanted jewellery, coins and trinkets in the melting pot. More than a third of the world’s
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      Lock icon Russia wheat in best run since April as buyers seek quality grain
      491 14 Farmers are charging more for high-protein grain after rains damage crops BLOOMBERG MOSCOW RUSSIAN wheat prices extended a rebound, capping the best run since April, as farmers charged more for high-protein grain after rains damaged crops there and
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  • BT INVESTMENT GUIDE 2016
    • Article, Illustration
      Lock icon Opportunities despite high valuations
      1579 15  -  With historically high valuations in the developed world, value investors can put in short trades, or hunt in cheaper pastures in Asia. BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT WITH just a few months to the end of the year, financial markets are in one of those deceptively
      PHOTO: AFP  -  1,579 words
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      Lock icon Uncertainty over Brexit will continue to bedevil markets
      1043 16  -  The UK is unlikely to formally begin the process of leaving the EU until 2017 and unease over its position in the EU will be unnerving for investors and firms. BY BERNARD AW BY BERNARD AW The writer is market strategist at
      PHOTO: BLOOMBERG  -  1,043 words
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      Lock icon Emerging markets debt in Goldilocks situation
      1074 16  -  This article was contributed by Amundi Asset Management EMERGING markets debt (EMD) has staged a strong recovery this year with total inflow already at US$25 billion, the highest since 2012. The recovery is particularly impressive in EM local currency debt, with a total return
      Sources: Bloomberg, Amundi as at Aug 4,2016; Sources: EPFR, Amundi, JP Morgan, Bloomberg as at Aug 5,2016; PHOTO: BLOMBERG  -  1,074 words
    • Article
      Lock icon Turning to machines for advice
      1083 18  -  Computer-driven quantitative strategies are coming into their own in this low-yield world but one has to be mindful of the risks. BY KUANGWEI TAN The author is the Head of Funds and Strategic Managed Accounts and portfolio manager of a quantitative fund at ThirdRock THE
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    Lock icon Driving Innovation
    1547 17 In a crowded wealth management space, award-winning investment manager Thirdrock distinguishes itself through a comprehensive, independent and innovative offering Special Feature In 2010, a simple desire to serve the needs of ultra high networth (UHNW) clients more effectively led to Jason Lai setting up independent asset manager Thirdrock.
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      191 17 “The only people who see the whole picture are the ones who step out of the frame.” Salman Rushdie Forward Thinking. Thinking Forward. Seeing the bigger picture is fundamental to how we manage your investments. As an award-winning independent investment manager, we take an objective and holistic approach to understanding
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      193 18 AMUNDI, MYINVESTMENTMANAGER MYTRUSTEDPARTNER THE NO.1 EUROPEAN ASSET MANAGER(1) Amundi manages investments over US$1.1 trillion for clients worldwide. With investment insights powered by more than 500 investment professionals over 30 countries, we are committed to create the best solutions to achieve your investment goals. To learn more about Amundi, visit our
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    Lock icon Evolving with the times
    1172 19 IG Asia keeps up with market trends, introducing products to meet client needs and help them stay profitable SPECIAL FEATURE LONDON-listed trading platform IG Group started in Singapore 10 years ago with just a handful of staff and a single office in Chevron House. Today, the
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      99 19 HAPPY BIRTHDAY At IG we're celebrating too. To mark 10 years in Singapore, we'll give you $288* when you open an account with us. How's that for a celebration? Find out more at IG.com.sg/ig10 or call us on +65 6390 5118 tv. :A\N mm v\ Losses can exceed deposits IG.com.sg/ig10
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  • TECHNOLOGY
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      Lock icon Tech firms dominating US stock market
      1005 21 It reflects the diminishing influence of banks, which held a much larger share of the S&P 500 in the years before the financial crisis BLOOMBERG New York DON’T look now, but technology companies are exerting more control over the US stock market than any
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      Lock icon India tech startups take cost cutting route as funding falters
      591 21 BLOOMBERG Bengaluru INDIA’S largest online shopping service is heating up, and not in a good way. Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal. Taken aback, chairman Sachin Bansal
      BLOOMBERG; PHOTO: BLOOMBERG  -  591 words
    • Article
      Lock icon Microsoft buys AI startup, Apple boosts health focus
      339 21 AFP San Francisco MICROSOFT on Monday announced that it bought a startup to boost its artificial intelligence capabilities, and rival Apple confirmed that it has boosted its health focus with an acquisition of its own. Microsoft did not disclose the financial terms
      AFP  -  339 words
    • Article
      Lock icon Sharp reviewing TV licensing deals to boost global presence
      177 21 REUTERS Tokyo JAPANESE electronics maker Sharp Corp said on Tuesday that it will review its TV brand licensing deals overseas in an effort to boost its global presence under the aegis of Taiwan’s Foxconn. “We have decided to review our current
      REUTERS  -  177 words
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      37 21 My mother was a wise woman but most untiger-like. She understood me. I was, and still am, a determined and intense person.” Lee Wei Ling NOW AVAILABLE IN CHINESE Now available at all major bookstores and www.stpressbooks.com.sg
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      68 21 ox comex 8-11 SEP 2016 SUNTEC SINGAPORE L3 11AM -9PM DAILY L4&L6 12-9PM DAILY TRADE-IN and get CASH VOUCHERS to spend at COMEX! Laptops, PCs Smartphones Tablets, Monitors" TVs, Gaming Consoles Gaming Software TECH SHOWCASE See and Test the latest in Technology a Exhibits Inc www.comexshow.com.sg AsuKOARYOf images f Qr
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  • CONSUMER
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      Lock icon US retailers’ heavy discounting hurting luxury brands
      715 22 Promotional sprees at department stores tarnish brands and train consumers to expect special deals BLOOMBERG New York AS retailers rely more heavily on promotions to drive traffic, Michael Kors Holdings Ltd and Ralph Lauren Corp have been two of the biggest victims. The
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      Lock icon Tiger tourism still thriving in Thailand amid captive breeding
      478 22 This is despite recent raid by wildlife authorities on infamous Tiger Temple REUTERS Bangkok THAILAND’S tiger tourism business is booming and the captive tiger population is growing fast, animal rights activists say, more than two months after Thai wildlife authorities found
      REUTERS; PHOTO: REUTERS  -  478 words
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      64 22 T rf INDIA COMES TO YOU AT SINGAPORE INTERNATIONAL INDIAN EXPO 2016 22ND 25TH SEPT' 2016,10AM 10PM Suntec Convention Exhibition Centre, Hall: 401 -402 a 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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      629 22 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) AQUAPROT PTE. LTD. CO. REG. NO. *****5305W (2) BLACKMORE INVESTMENTS PTE
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      2447 23 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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      1464 23 (Corporate Office No. 254-260 Avvai Shanmugam Salai Wing 2-C Royapettah, Chennai 600 014, India) BALANCE SHEET AS AT 31 MARCH 2016 (Rs in thousands) As on 31.03.2016 As on 31.03.2015 CAPITAL LIABILITIES Capital 480 29 17 480 29 17 Reserves and Surplus ***** 48 51 ***** 18 10 Deposits *****5
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      62 23 TWO-CYCLINDER PUNCHING SHEARING MACHINE 1 unit Two-Cylinder Punching Shearing Machine made from Italy, year of 2015, model no. Geka Hydracrop 80 Version S is available for sale on an “as-is-where-is” basis. Terms and Conditions Payment by Cash or Cashier’s Order. Viewing strictly by appointment only. Interested parties please contact: Ms
      62 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Gold, gems pile up in Singapore vault as wealthy investors seek refuge
      531 24 Logistics and storage provider Malca-Amit sees revenue grow at least 45 per cent in 2016 from a year earlier BLOOMBERG Singapore THE stash of gold, silver and gems stored in the vaults and safe deposit boxes of Malca-Amit
      BLOOMBERG  -  531 words
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      Lock icon Meeting of German, French, Italian heads reflects uncertainty
      698 24  -  By Neil Behrmann btworld@sph.com.sg London A MEETING this week of Germany’s Angela Merkel, France’s Francois Hollande and Italy's Matteo Renzi reflects the Eurozone’s political and economic uncertainty in coming months. Relying on symbolism to show that the Eurozone and European Union projects
      PHOTO: AFP  -  698 words
    • Article
      Lock icon July new-home sales surge to almost nine-year high
      457 24 LATEST US DATA BLOOMBERG Washington PURCHASES of new US homes unexpectedly jumped in July to the highest level in almost nine years, led by soaring demand in the nation’s South and adding to signs of persistent housing-market strength. Sales increased 12.4 per
      BLOOMBERG  -  457 words
    • Article
      Lock icon BOJ ‘given up on shock tactics’, says former bank official
      423 24  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) has little room left now for “shock tactics” as a means to achieve its monetary targets, former BOJ economist and senior administrator Hiromichi Shirakawa said on Tuesday while warning that
      423 words
    • Article
      Lock icon Japan financial regulator extends safety net on Brexit worries
      286 24 REUTERS Tokyo JAPAN’S financial regulator is extending provisions that help regional financial institutions get public funds in response to risks posed by Britain’s vote to leave the European Union, sources said on Tuesday. The Financial Services Agency (FSA), the regulator overseeing
      REUTERS  -  286 words
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      Lock icon Indonesia expects slower growth in direct investment this year
      342 24 REUTERS Jakarta DIRECT investment in Indonesian firms from foreign and domestic sources is expected to grow more slowly this year, the country’s investment board chief said on Tuesday, noting that South-east Asia’s largest economy had lost out to Vietnam in the
      REUTERS; PHOTO: BLOOMBERG  -  342 words
    • Article
      Lock icon UK pension managers under strain
      874 25 Crash in global bond yields is widening funding gaps even as BOE expands its bond-buying programme in an attempt to ward off a Brexit-induced slump BLOOMBERG London PENSIONS are looking like an economic time bomb for Britain, disrupting the plans of future retirees and today’s
      BLOOMBERG  -  874 words
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      Lock icon Eurozone sees stable business growth in August: surveys
      658 25 REUTERS London SURPRISINGLY strong growth in France supported stable eurozone private business activity during August but factories could face a tougher September as new order growth stumbled, surveys showed on Tuesday. Muddying the outlook for the coming months is the United Kingdom’s
      REUTERS; PHOTO: REUTERS  -  658 words
    • Article
      Lock icon Paris tourism lost 750m euros after attacks
      393 25 REUTERS Paris ISLAMIST attacks, strikes and floods kept foreign tourists away from the French capital in the first half of the year and cost the Paris region tourism industry some 750 million euros (S$1.1 billion) in lost revenue, officials said on Tuesday. “It’s
      REUTERS  -  393 words
    • Article
      Lock icon S’pore’s move to build talent with overseas exposure picks up steam
      305 25  -  By Chuang Peck Ming peckming@sph.com @PeckmingBT Singapore SINGAPORE’s move to build a pipeline of global-ready talent and corporate leaders is picking up pace. On Tuesday, NTUC and the Economic Development Board tied up for the first time to launch
      305 words
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      38 25 Who’s selling his home in your neighbourhood? REGcl Hillview Regency Sale. Mid floor, Renovated\ Blk 28 Floor Condominium $855,000 $944 psf Your Neighbourhood Listings Be the first to know when your neighbour's home goes on the market. SRX.com.sg/property-tracker
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      13 25 Learn Mandarin Without Stress! newstalk.zaobao.sg Try out this Chinese language e-learning tool today.
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      283 25 In this short course, Dr Tee will give you insights on how to select strong global giant stocks, wait patiently for different levels of crisis to buy at low price and finally selling at high price or even holding for further capital growth. The Optimism Strategies are applicable for all
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  • TRANSPORT
    • Article
      Lock icon Lack of safety culture a cause of disasters
      957 26  -  Improving ferry safety does not necessarily mean huge expense, research shows that more than 90% of the accidents and deaths are directly attributable to human error STRAIT TALK BY DAVID HUGHES FERRY safety, or the lack of it at times, is an
      957 words
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      Lock icon Qantas shareholders expecting carrier to reinstate dividends
      687 26 BLOOMBERG Sydney QANTAS Airways Ltd shareholders have cheered chief executive officer Alan Joyce’s efforts to turn the marquee Australian carrier around, helping the stock more than triple in under three years. Now they want to see a roadmap for reinstating dividends. Australia’s biggest
      BLOOMBERG; PHOTO: BLOOMBERG  -  687 words
    • Article
      Lock icon Li Ka-shing’s second Pakistan terminal to start operations after 5-year delay
      490 26 Bloomberg Billionaires Index. BLOOMBERG Karachi BILLIONAIRE Li Ka-shing’s Hutchison Port Holdings Ltd is set to start its second Pakistan terminal after a five-year delay, giving mega vessels access to the coastal city of Karachi for the first time. Hutchison’s
      Bloomberg Billionaires Index. BLOOMBERG  -  490 words
    • Article
      Lock icon Amtrak names new CEO
      161 26 NYT New York AMTRAK, which is pressing to build a new rail tunnel under the Hudson River between New York City and New Jersey, on Friday named a freight rail veteran as its next chief executive. The national passenger railroad said that Charles Moorman, the former
      NYT  -  161 words
    • Article
      Lock icon 2 initiatives in S’pore for smoother container trucking & depot ops
      356 26  - 2 initiatives in S’pore for smoother container trucking depot ops By Choo Yun Ting yuntingc@sph.com.sg Singapore TWO industry-led initiatives supported by Spring Singapore to boost the container logistics industry were announced by Minister for Trade and Industry (Industry) S Iswaran on Tuesday. Mr Iswaran’s announcement was made at the third
      356 words
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      51 26 NOTICETOTRADE TRADESURCHARGE Singapore/PortKlangtoKolkata/Haldiaandviceversa Please be informed that we will be implementing a Trade Surcharge of USD 90.00 per TEU on all SOC shipments (Laden) and USD 45.00 per TEU (Empty) from Singapore/Port Klang to Kolkata/Haldia and vice versa effective 1 September 2016. ADVANCE CONTAINER LINES (PTE) LTD Date: 24 August
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      1903 27 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 27 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 BST220 25/08/2016 26/08/2016 Buatan/Buatan DAILY Marco Polo 296 PRW015 25/08/2016 26/08/2016 Perawang/Perawang DAILY Marco Polo
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  • OPINION
    • Article
      Lock icon If the Fed had to choose its poison, it’d be stagnation over inflation
      570 28 EDITORIAL THE question before the US Federal Reserve as it hunkers down at its annual retreat at Jackson Hole, Wyoming, is whether the time has come for another round of interest rate hikes. There is no obvious
      570 words
    • Article, Illustration
      Lock icon The Singapore route to Hong Kong independence?
      806 28  -  THE BOTTOM LINE By Frank ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 OF LATE, discussion of Hong Kong’s possible independence from China has been in the air, a cause no serious politician has espoused
      806 words
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      Lock icon Low growth will be a post-Brexit certainty
      1350 28  -  The cost of leaving the EU has turned out to be far higher than the benefits as every new freedom negotiated will decrease access to the common market. BY DAVID DAPICE BY DAVID DAPICE T The writer is an economist of the Vietnam
      YALEGLOBAL ONLINE; PHOTO: AFP  -  1,350 words
    • Article
      Lock icon Asia poised to play dominant role in Africa’s future growth
      831 29  -  COMMENTARY By Sunil Kaushal T The writer is regional CEO, Africa Middle East, at Standard Chartered Bank WEAKER global outlook and the impact of Brexit have created uncertainty around growth prospects. The impact weighs heavy on the world economic outlook
      831 words
    • Article
      Lock icon Counting on fiscal policy to beat the UK downturn
      669 29  -  By Charles Goodhart London THE UK authorities are right, after the referendum decision to leave the European Union, to take action to counter the immediate downturn. The Bank of England monetary easing announced on Aug 4 will buy time until fiscal
      669 words
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      Lock icon Africa: promise, opportunities, and challenges
      1294 29  -  The continent’s political and business leaders need to work even harder to keep the region’s economies moving forward. BY OMID KASSIRI AND ACHA LEKE BY OMID KASSIRI, ACHA LEKE T The writers are from McKinsey Co. Omid Kassiri is a partner in the Nairobi office,
      PHOTO: REUTERS  -  1,294 words
    • Article
      Lock icon Saudis ramping up oil output to gain leverage in Opec talks in Sept
      425 29  -  By Tsvetana Paraskova OILPRICE.COM SAUDI Arabia suggests it may be increasing its August crude output to a new all-time high as it could give it more leverage to influence the September informal talks on a possible production
      OILPRICE.COM  -  425 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Lochte loses all his major sponsors after Rio incident, apology
      430 30 REUTERS New York US Olympic swimmer Ryan Lochte lost all four of his major sponsors on Monday, including Speedo USA and Ralph Lauren Corp, following his apology for an “over-exaggerated” story about being robbed at gunpoint at the Rio Games.
      REUTERS  -  430 words
    • Article, Illustration
      Lock icon Can theatres keep up as Ang Lee embraces faster film format?
      896 30 Blend of visual formats used in new war film by avant-garde director is major departure for movie exhibition NYT Los Angeles AFTER a four-year absence from theatres, Ang Lee will return this fall with a searing film about young
      NYT; PHOTO: AFP  -  896 words
    • Article, Illustration
      Lock icon SPH, SPH Foundation give S$350k to ComChest charities
      322 30  -  By Tan Effie taneffie@sph.com.sg Singapore SINGAPORE Press Holdings (SPH) and SPH Foundation donated a total of S$350,000 to 20 charities under the Community Chest on Tuesday, in an annual presentation of cheques to charities. Of the sum, S$ 150,000 from SPH Foundation
      PHOTOS: AZMI ATHNI/ THE STRAITS TIMES  -  322 words
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  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      311 30 CRYPTIC CROSSWORD Across 1 Quick answer for invitation to return (8) 6 Workers going to a Scottish island (6) 9 Jellyfish in sea to west of America (6) 10 Union celebrations (8) 11A payment covered by friend of mother perhaps (8) 12 Ma’s hat might cause complaint (6) 13 Extract
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      55 31 VINUM FINE WINES ANNUAL-SALE UP TO 45% r OFF zmtTUig 2016 More than 450 fine wines on offer with discounts up to 45% Bordeaux: Burgundy: Others: LEVEL 2 UNIT 12/13 SHAW CENTRE 1 SCOTTS ROAD (S) *****8 10.30AM 8PM DAILY DURING THE SALE PERIOD T. +65 6735 3700 E. SALES(a)VINUM.COM.SG
      55 words
  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon World’s biggest bond traders get positive on negative yields
      1213 31  -  Savvy fund managers bank on China to turn in a profit. BY BRIAN CHAPPATTA AND ANDREA WONG BY BRIAN CHAPPATTA, ANDREA WONG BLOOMBERG New York IT MIGHT be considered absurd, if not for the unprecedented contortions in global financial markets. Pacific
      BLOOMBERG; FILE PHOTO  -  1,213 words
    • Article
      Lock icon Hedge-fund startup bets big on T-bills with China funds
      1064 31 BLOOMBERG Washington TUCKED alongside the rumbling I-95 highway overpass that spans the Norwalk River in Connecticut, about an hour’s drive from Manhattan, is a small office building in the distinctive shape of an octagram. Inside, you’ll find the usual hotchpotch of
      BLOOMBERG  -  1,064 words
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      Lock icon Chinese investors on the hunt for yield are running out of options
      715 32 With high-paying sovereign bonds falling to decade-lows, risk-averse investors are driving demand for equities promising safer returns BLOOMBERG Shanghai AS CHINA’S sovereign bond yields tumble to decade-lows, investors are piling into the most defensive part of the stock
      BLOOMBERG; PHOTO: BLOOMBERG  -  715 words
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      312 32 '7."* i > *> 407 PVA PTOTOe Depth PotcqmQ Optoons Account Po. 96.50 ksVSree.^ 96.45 Bid SUe.’' 96.60 4, 0.26t+0.26%^ worn houswg \nc nbo\ Search Buv MJ60 Sen ft 06.86 07.38 OSAO 06.35 0.30A6 535.68 Open 4G.4VA W\gV\ 0.968 \-QVJ 28.78% C\ose 0.7A9 CPS YhVX Cap \Jo\ume State \jo\ \nciex
      312 words