The Business Times, 25 August 2016

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Microfilm: NL33936
Total Pages: 24
1 24 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 S$1.20 CO REGN NO *****2868E MCI (P) 052/08/2016 Thursday, August 25, 2016
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  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 2,869.57 +19.14 KL Comp 1,682.06 -1.01 Nikkei 225 16,597.30 +99.94 Hang Seng 22,820.78 -178.15 Shenzhen B 1,164.23 +1.02 Dow(11.45am EDT) 18,500.73 -46.57
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  • Article
    Lock icon DAILY DIGEST
    171 1 Singapore puts pen to paper on three major deals with African countries, which will go a long way towards boosting trade and investment. TOP STORIES 2 Singapore is reviewing the rules for venture capital firms as it attempts to draw more capital to the country’s financial technology startups,
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  • Article, Illustration
    Lock icon Africa is on the ascent and S’pore must ride this wave, says Tharman
    769 1  -  Singapore is ideal Asian gateway for African firms; DPM also points to policy failures in advanced world as reason for globalisation’s bad rap By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore GLOBALISATION has earned itself a “bad reputation” because
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  • Article
    Lock icon ST Marine could land first SCDF vessels contract
    688 1  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore ST MARINE is well-placed to land the first newbuilding contract that Singapore Civil Defence Force is set to award in 2016, just over four years after SCDF assumed the fire-fighting function within Singapore’s waters. The
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon ValueMax chief executive buys Katong freehold bungalow for S$30 million
      665 2  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE chief executive of listed pawnshop ValueMax Group, Yeah Hiang Nam, has lodged a caveat to buy a freehold bungalow along Wilkinson Road in Katong for S$30 million. It sits on a land area
      PHOTO: AIDAN LOO  -  665 words
    • Article
      Lock icon S’pore inks three deals with African nations
      563 2  -  Surbana Jurong, Singapore Manufacturing Federation also boosting presence in promising Africa region AFRICA-SINGAPORE BUSINESS FORUM By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government on Wednesday put pen to paper on three major deals with African countries, which will go a long way towards
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    • Article
      Lock icon MAS should say no to dual-class shares
      940 3  -  COMMENTARY By Mak Yuen Teen WHEN the Companies Act was amended to allow public companies to have dual-class shares, there was a sense of inevitability about the Singapore Exchange (SGX) opening its doors to listed companies with dual-class shares. I am therefore not
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    • Article
      Lock icon EDBI invests in US-based retail analytics firm
      306 3  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore EDBI, the investment arm of the Economic Development Board, is investing in RetailNext, a California-based analytics-solutions provider looking to expand its Singapore presence in support of its business in the Asia-Pa-cific. The retail Internet-of-Things (IoT) analytics solutions
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    • Article, Illustration
      Lock icon Highest honours for Nathan at Parliament House
      535 4  -  The Singapore flag will be draped over the casket, and vigil guards will be mounted during the lying-in-state period TRIBUTES TO SR NATHAN By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE public will have until 10pm on Thursday to pay their last respects to
      PHOTO: KUA CHEE SIONG/ THE STRAITS TIMES  -  535 words
    • Article
      Lock icon President Tony Tan’s condolence letter to Nathan’s family
      652 4  -  Tony Tan Keng Yam Dear Urmila On behalf of the people of Singapore, Mary and I would like to convey our most heartfelt condolences to you and your family on the passing of your beloved husband, Mr SR Nathan. Mr Nathan lived
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    • Article
      Lock icon Singdollar bond market reduced to just bluechip issues in August
      561 4  -  Soured sentiment partly due to recent defaults, cheaper G3 market By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore IT seems that only bluechip issuers are able to sell Singapore dollar bonds as many investors stung by recent defaults have fled to
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    • Article
      Lock icon More tributes
      937 4 “Mr Nathan was a very supportive Patron of The Boys’ Brigade. He made time to attend our volunteer appreciation events to personally meet and thank our volunteers. He also attended many of our community programmes such as our BB CARES and BB Share-a-Gift projects to encourage and support
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • Advertisement
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      21 3 Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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    • Advertisement
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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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      14 3 One share, one vote: Is it a big deal? Hock Lock Siew, Page 5
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  • COMPANIES & MARKETS
    • Article
      Lock icon One share, one vote: Is it a big deal?
      1492 5  -  HOCK LOCK SIEW BY MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT THE market has been abuzz with rumours this week that the Singapore Exchange (SGX) is close to allowing multiple classes of shares for companies that list here. The Business Times reported on uesday
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    • Article
      Lock icon Singapore reviews VC rules to draw capital to fintech startups
      349 5 BLOOMBERG Singapore SINGAPORE is reviewing the rules for venture capital firms as it attempts to draw more capital to the country’s financial technology startups, according to the head of Singapore’s central bank. Though Singapore rivals other major fintech centres such
      BLOOMBERG  -  349 words
    • Article, Illustration
      Lock icon Less popular ETFs getting the chop despite posting gains
      973 5 BLOOMBERG New York MAKING money isn’t enough to survive in the fund industry anymore. BlackRock Inc, the world’s largest asset manager, plans to shutter 10 ex-change-traded funds this month, despite all of them posting gains this year. One soon-to-close fund, the
      BLOOMBERG; PHOTO: BLOOMBERG  -  973 words
    • Article
      Lock icon O&G business of New Silkroutes set to see revenue surge
      317 5  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE oil-and-gas (O&G) trading business of Singapore-listed New Silkroutes Group (NSG) is set to more than quadruple its revenue, just over a year after its operations. Building on its growth momentum, NSG’s wholly
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    • Article
      Lock icon CDW acquires IP rights in move to develop new biotech biz
      459 6  -  100m yen deal gives it exclusive manufacturing rights to research products once patents are granted By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CONSUMER electronic component manufacturer CDW Holdings, in the first step towards developing a new biotech business, has acquired
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    • Article, Illustration
      Lock icon CraveFX designers churn beguiling videos
      1352 6  -  Local firm proves that art sells, with consistently healthy earnings year-on-year. BY CHIN YONG CHANG ycchin@sph.com.sg YOU’RE likely to have seen one of their creations before. Whether it’s the digital video animations for this year’s National Day Parade, or the Animal Concerns Research Education Society
      PHOTO: ARTHUR LEE  -  1,352 words
    • Article
      Lock icon ISOTeam’s FY16 net profit climbs 13.6%
      339 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore STRONGLY performing new business lines gave a fillip to earnings for ISOTeam Limited in its 2016 financial year. Net profit climbed 13.6 per cent to S$9.2 million from the year-ago period, the group said in a Singapore Exchange
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    • Article
      Lock icon China Bearing to acquire Indonesian nickel mine
      330 7  -  Price of up US$120m in RTO deal to be paid in new shares By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CHINA Bearing, which became a cash company after disposing of its operating subsidiary in December last year, is acquiring an Indonesian nickel ore mine
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    • CORPORATE DIGEST
      • Article
        Lock icon Midas Holdings
        102 7 MIDAS Holdings’ subsidiary Jilin Midas Aluminium Industries Co has landed two supply contracts worth 53.8 million yuan (S$10.9 million) from customers in China. The first contract, from CRRC Tangshan Co, is worth 34.6 million yuan and involves the supply of aluminium alloy extrusion profiles and fabricated parts for
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      • Article
        Lock icon M1
        88 7 M1 Limited has appointed a new chief financial officer after current CFO Raymond Yeo Eng Ann resigned to pursue other opportunities. Nicholas Tan Kok Peng has been appointed as CFO with effect from Sept 1. Mr Tan, 58, was the CFO at StarHub Limited from July 2014 to April
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      • Article
        Lock icon China Everbright Water
        125 7 water treatment firm China Everbright Water has secured the first phase of a waste water treatment project in Nanjing, China, through a joint venture, which involves total investment of about 62 million yuan (S$12.6 million). The project will mainly treat waste water from the integrated circuit industry
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      • Article
        Lock icon Tritech Group
        102 7 ENGINEERING and marble production company Tritech Group is issuing 87.3 million new shares at 6.61 Singapore cents apiece, or S$5.8 million in total, to six parties to capitalise a loan and to settle an outstanding payment for a January acquisition. The proceeds will be used to capitalise a
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      • Article
        Lock icon Mary Chia Holdings
        96 7 beauty services company Mary Chia Holdings has received a notice of arbitration and a claim for S$4.81 million, excluding interest and costs, from its previous partner in a soured joint venture (JV). The dispute stems from an agreement announced in April 2015 for a Mary Chia subsidiary
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      • Article
        Lock icon UG Healthcare
        99 7 EXAMINATION glove manufacturer UG Healthcare will have a change in its chief executive, as current CEO Ang Beng Teck retires. Non-executive director Lee Keck Keong, a co-founder of the group, will be re-designated as executive director, and be appointed as CEO on Oct 19. Mr Lee, 62, is
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      • Article
        Lock icon Raffles Education
        94 7 A FALL in revenue and share of results of joint ventures eroded earnings for Raffles Education Corporation in its 2016 financial year. Net profit fell 7 per cent to S$15.8 million from the year-ago period, the group said in a Singapore Exchange filing on Wednesday evening. For the
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Aug 24,2016 2,869.57 +19.14 (+0.67%) Current streak 2 days Day high 2,870.72 Day low 2,843.12 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Aug 24,2016 437.77 +4.22 (+0.97%) Current streak 1 day Day high 437.77 Day low
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low DBXT MSJAP US$ 5004 51.4 0.8 5021/4031 DBXT MSTHAI US$ 2061 36.5 1.3 2107/1419 JSH USD 3230 27.0 0.6 3280/2524 DBXT Vietnam US$ 2397 23.0 0.7 2533/2017 DBS Grp 1521 21.0 1.4 1845/1301 BY PERCENTAGE CLOSE UP 52w high/low Vashion 0.9 80.0 0.4
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -166.3 -0.9 *****/***** SPDR DJIA US$ ***** -101.4 -0.4 *****/***** JMH USD 6100 -81.1 -1.0 6160/4500 DBXT MSKorea US$ 5808 -71.7 -0.9 5878/4598 DBXT China50 US$ 3097 -64.9 -1.5 3211/2355 BY PERCENTAGE CLOSE DOWN 52w high/low Swee Hong 1.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Pharmesis Intl 30.0 0.450 -0.100 -18.18 Abundance Intl 200.0 0.050 +0.015 +42.86 Heeton 115.0 0.430 -0.055 -11.34 Intraco 115.0 0.205 -0.055 -21.15 Swee Hong 193.3 0.011 -0.115 -91.27 SUTL Enterprise 946.7 0.510 +0.055 +12.09 EnGro 92.0 0.835 -0.060 -6.70 Casa 44.8 0.099 +0.024 +32.00 Ryobi
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    • Article, Illustration
      Lock icon Banks spearhead rise once again
      678 8  -  STI chalks up second straight gain this week as lenders and other defensive counters stay in limelight amid yield search TTSTOCKS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT THE Straits Times Index (STI) ended on a firmer note on Wednesday for its second straight gain this week
      Source: Bloomberg  -  678 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 +2 248/245 257 209 6.2 6864.7 CapitaCom Trust 156 +2 156/153 159 122.5 5.5 4613.5 CapitaLand 314 +7 315/306 340 267 12.6 2.9 *****.1 CapitaMall Trust 217 +1 218/214 225 184.5
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    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME Noble 78,024,600 Magnus Energy 76,283,000 LionGold 39,314,700 Spackman 39,219,000 AusGroup 29,062,600 Market volume 1,320,779,000 VALUE DBS Grp 82,769,916 CapitaLand 52,903,143 UOB 52,401,154 OCBC Bank 52,064,065 Singtel 40,248,248 Market value 856,770,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 24 VALUE CLOSE BT OB/OS -54.00 +109.00 BT CADI -*****.00 +86.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 686.88 +3.01 FTSE ST Small Cap 384.59 +1.63 FTSE ST All Share 703.30 +3.88 FTSE ST China Top 158.60 +0.91 FTSE ST China 189.31 +0.78 FTSE
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    • Article
      Lock icon SGX ETFs
      108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 292 +2 393 292/289 314/254 291/292 IS MS INDIA US$ US726 +4 360 726/724 772/575 725/728 90.8 DBXT MSRussia US$ US207 +1 52 208/206 210/129 206/207 DBXT MSPHILS US$ US215.1 -3.3 33 216.9/215.1 222.5/158.5
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share FTSE ST All-Share index Aug 24, 2016 703.30 +3.88 (+0.55%) Current streak 2 days Day high 703.30 Day low 697.94 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
      33 8 STI MSCI EAFE MSCI EAFE index Aug 23,2016 1,711.62 +9.32 (+0.55%) Current streak 2 days Day high 1,714.86 Day low 1,699.64 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 9 5 1 1 0 0 10 5 1 Manufacturing 45 30 25 11 7 6 56 37 31 Commerce 22 16 14 1 2 7 23 18 21 Tpt/Stor/Comms 13 7 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,603 25 11,628 40,429 4 40,433 Manufacturing 107,653 67,643 175,296 95,119 1,556 96,675 Commerce 122,792 13,120 135,912 75,412 251 75,662 Tpt/Stor/Comms 74,206 2,780 76,986 112,106 275 112,381 Finance 22,337 22,337 195,465 195,465 Construction 5,753 1,659
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    • BROKERS’ TAKE
      • Article
        Lock icon Shipyard
        213 8 DBS Group Research, Aug 24 SEMBCORP Marine (SMM) has entered into a sale and purchase agreement with PPL Holdings Pte Ltd (PPLH) and E-Interface Holdings Ltd (E-Interface) to acquire the remaining 15 per cent stake in its PPL Shipyard Pte Ltd (PPLS) for US$115.1 million cash, at an implied
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      • Article
        Lock icon SMRT Corporation | Accept offer
        97 8 SMRT Corporation Accept offer Target price: S$1.32 Aug 24 close: S$1.64 UOB Kay Hian, Aug 24 WE hosted SMRT in an investor presentation where management shared details of the New Rail Financing Framework (NRFF), as well as the privatisation of SMRT by way of Scheme of Arrangement (SOA). Management also
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      • Article
        Lock icon Rex International | Bearish
        127 8  - Rex International Bearish Compiled by Claire Huang Aug 24 close: S$0.052 Philip Securities Research, Aug 24 THE combination of the gravestone doji and strong bearish close below the 20-day moving average on Aug 22 and 23 respectively signals the resumption of the downtrend next. Expect price to fall next to
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    • Article
      Lock icon CALENDAR
      9 8 DATA I Aug 25 US Initial Jobless Claims
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    • Article
      Lock icon US$ treads water as market awaits Fed clues
      395 9 CURRENCIES REUTERS London THE US dollar crept up on Wednesday after falling the previous day but was unable to break out of recent trading ranges, as investors eyed a meeting of central bankers on Friday for clues on when the US Federal
      REUTERS  -  395 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 5.069 0.674 5.909 51.153 101.041 0.764 8.540 3.077 1.044 79.827 35.460 1.031 10.724 0.735 24.202 26.396 0.577 0.762 Canada 1.016 5.150
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0301 1.0311 0.7619 0.7621 Canadian dollar 1.0464 1.0476 0.7743 0.7740 Euro 1.5275 1.5289 1.1298 1.1300 NZ dollar 0.9870 0.9882 0.7300 0.7304 Sterling pound 1.7864 1.7881 1.3213 1.3216
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 24 S$ Bid Offer 1-month 1.3520 1.3532 2-months 1.3520 1.3534 3-months 1.3523 1.3535 6-months 1.3524 1.3540 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        387 9 Aug 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9862.50 9885.00 9780.00 9822.50 *****4 *****9 Sep16 9882.50 9900.00 9807.50 9847.50 *****5 *****0 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec16 *****.00 *****.00 *****.00 *****.00 420 7868 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        211 9 Most active Aug 24 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 9.7 -1.7 ***** 0.0 1 HSI ***** MB ePW*****9 4.5 0.4 ***** 0.0 1 DBS MB eCW*****1 12.7 1.8 9243 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 23 Index Change Change Change Change Change Change World Preliminary 1312.6 0.4 2.7 0.5 -0.4 0.5 4.7 EAFE Preliminary 968.5 0.5 -4.4 0.6 -5.1 0.5 -0.3 Europe Preliminary 1395.3 0.8 -1.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 24 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.80 0.60 3 months 0.90 0.70 6 months 1.25 1.05 9 months 1.45 1.25 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 Aug 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.51 99.55 99.51 5-Year NX*****X 2.250 01-Jun-21 104.31 104.41 104.35 10-Year NX*****F 2.125 01-Jun-26 103.05 103.41 103.41 15-Year NZ*****F 2.875 01-Sep-30 109.76 110.00 110.00 20-Year NZ*****X 2.250 01-Aug-36 101.63
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Aug-23 Price Net change change Last Trade Agricultural Aug-23 CBOT Soybeans (US cents/bu) 1034.25 -1.00 -0.10% 14/09/2016 CBOT Soybean Oil (US cents/lb) 33.89 unch 0.00% 14/09/2016 CBOT Wheat (US cents/bu) 407.75 -7.50 -1.81% 14/09/2016 Aug-23 LIFFE Cocoa (£/tonne) 2434.00 28.00 1.16% 15/09/2016 LIFFE Coffee (US$/tonne) 1791.00 -8.00 -0.44%
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    • Article
      Lock icon SGX MAINBOARD
      1776 10 Transaction date: Aug 24 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 unch 459 141.5 140.5 0.9 8 901.8 Div 144 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      281 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 44.5 29.5 t Advancer Global 40cd +0.5 1855 40.5 39.5 15.9 69.3 High LOW Company 19.9 8.3 t Anchor Resources 10.9 +0.3 ***** 11 10.6
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    • Article
      Lock icon SGX ETF
      131 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3211 2355 DBXT China50 US$ US3097 -48 6 3112 3097 8.5 385 190 DBXT MSBrazil US$ US369 -11 24 370 369 1357 995 DBXT MSCHINA US$ US1315
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      32 6 Singapore?^ INTERNATIONAL INDIAN EXP***** {Jj/ndia cmteh fa mu SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEPTEMBER 2016,10AM TO 10PM EXHIBITION HIGHLIGHTS FOR ENQUIRIES CONTACT *****112 *****219 visit: www.siiexpo.com I www.facebook.com/SIIExpo/
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    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      84 6 STANDOUT 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 of
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  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      489 7 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MAPLES FUND SERVICES (SG) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5935M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
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      Lock icon Page 7 Advertisements Column 2
      1553 7 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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      Lock icon Page 7 Advertisements Column 3
      1384 7 SINOPIPE HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1382N) NOTICE OF TWELFTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at 16 Ayer Rajah Crescent #03-06 Singapore *****5, on Friday, 9 September 2016 at 3.00
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      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, Illustration
      Lock icon Factory-converted dorms to meet 4 new conditions by Jan 2017
      536 11 Operators will also be subject to a revised process of getting approvals to run dormitories Singapore THE Ministry of Manpower (MOM) has introduced four new conditions for all operators of factory converted dormitories, or FCDs in short, when they seek
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    • Article, Illustration
      Lock icon Among Olympic cities, Rio tops residential price growth post-2008
      501 11  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore WITH the successful completion of the Olympics in Rio de Janeiro, the 2016 host city in Brazil has another reason to celebrate. Shrugging off the effects of the global financial crisis, Rio has seen the
      Source: Savills World Research  -  501 words
    • Article
      Lock icon On the Potomac, change comes to Alexandria’s Old Town
      1008 11 NYT Alexandria NEAR the Potomac River, blocks of Federal-style town houses and commercial buildings still stand in this 267-year-old city. Alexandria’s Old Town district looks much as it did in the 19th century, though some modern touches have come gradually. Fitzgerald’s
      NYT  -  1,008 words
    • Article, Illustration
      Lock icon Brookfield GIS launches Asia HQ in Singapore
      630 12  -  Republic affords easy entry into the property and facilities management business in the region By Navin Sregantan navinsre@sph.com.sg @NavinSreBT Singapore BROOKFIELD Global Integrated Solutions (Brookfield GIS) on Wednesday launched its Asian headquarters in Singapore, hoping to capture the growing property and facilities management
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    • Article
      Lock icon Househunt
      1496 12 Property transactions for districts 1 to 19 with contract dates between July 13 and July 19,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 13/07/2016 99 1518 3702 2439 District 3 NON-LANDED Echelon Apt
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      Lock icon Qatar wealth fund in US$622m Empire State deal
      200 12 BLOOMBERG New York QATAR Investment Authority, the sovereign wealth fund of the Middle Eastern country, bought a 9.9 per cent interest in Empire State Realty Trust, owner of New York’s Empire State Building. The fund purchased 29.6 million newly issued Class A
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      Lock icon Pimco turns cautious on China property bonds on cooling signs
      193 12 BLOOMBERG Shanghai PACIFIC Investment Management Co (Pimco) said that it is turning cautious on Chinese property developers’ offshore US dollar bonds as the real estate market cools. New-home prices gained in 51 of 70 cities last month, down from 55
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      281 11 KB WAREHOUSE COMPLEX FIRST EAST CENTRE ENTREPRENEUR BUSINESS CENTRE KAKI BUKIT AUTOHUB SUBJECT PROPERTY KAKI BUKIT INDUSTRIAL PARK GORDON WAREHOUSE BUILDING RUBY WAREHOUSE COMPLEX 69 Strata Units For Sale Controlling interest in the development approximately 53%* Including entire 1st floor units, with direct loading access Total strata area of approximately
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      367 11 (M TT t PRIME CBD STRATA OFFICE FOR SALE BY EXPRESSION OF INTEREST Excellent unobstructed sea view and city view Direct sheltered access to Tanjong Pagar MRT Grade A specifications Premium column-free office spaces from 1,744 to 14,510 sf Generous car parking provisions with 612 lots Planned enhancements feature a
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  • BANKING & FINANCE
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      Lock icon Taiwan bank in Taipei probe after being slapped with US fine
      784 14 REUTERS Taipei TAIWAN is investigating if Mega Financial Holding Co and its banking unit broke local criminal laws in a case that has led to the US authorities fining the state-controlled group US$180 million for anti-money laundering violations. New
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      Lock icon China banks expected to report shrinking capital
      806 14 Beijing may have to inject more than US$100 billion to shore them up, analysts say REUTERS Hong Kong HIT by bad loans, Chinese banks are expected to show a weakening in their capital strength in first-half earnings, raising the prospect that the government
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  • ENERGY & COMMODITIES
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      Lock icon Glencore on track to cut debt; suffers coal hedging loss
      537 15 Mining company to sell a stake in its Ernest Henry copper mine in Australia to Evolution Mining for A$880m REUTERS London GLENCORE said it expected to exceed a previous target to cut debt but it took a nearly US$400 million
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      Lock icon China’s COFCO buys rest of Dutch commodity trader
      352 15 It will take full ownership of Nidera after deal to buy out remaining 49% 2 years after buying over half the firm AFP Beijing CHINA’S state-owned grain giant COFCO will buy out minority shareholders in Netherlands-based commodity trader Nidera and take full
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      Lock icon Bottom for E&P spend is near: Pareto Securities
      298 15  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore EXPLORATION and production (E&P) spending is estimated to decline another 30 per cent for 2016, following a 26 per cent drop in 2015, with the majority of cuts coming from US onshore players results from
      298 words
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      1102 15 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 BRODIE HOLDINGS PTE. LTD. COMPANY REG. NO. *****1924D (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company convened pursuant to Section 179(6)
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      17 15 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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  • TECHNOLOGY
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      Lock icon Samsung, Tencent vie to be Asia’s most valuable
      633 16 Expectations for robust earnings growth are pushing their share prices to record highs with both gaining by a third this year REUTERS Singapore TENCENT Holdings Ltd and Samsung Electronics Co Ltd are racing to be crowned Asia’s most valuable company as expectations
      REUTERS  -  633 words
    • Article
      Lock icon New social network Fans.com targets live music enthusiasts
      729 16 NYT New York YOU post family updates on Facebook, news on Twitter, selfies on Instagram and career changes on LinkedIn. Do you really need another social network? Peter Shapiro, the man behind Brooklyn Bowl and last year’s Grateful Dead reunion, thinks you
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      Lock icon Galaxy Note7 sees better-than-expected demand
      449 16 REUTERS Seoul BETTER-than-expected demand for Samsung Electronics Co Ltd’s new Galaxy Note7 is causing supply constraints globally, the South Korean tech giant said on Wednesday, suggesting strong initial sales for the new premium smartphone. While robust demand could help deliver another solid quarter of earnings,
      REUTERS; PHOTO: AFP  -  449 words
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      Lock icon Alibaba’s push into social media, entertainment starting to pay off
      714 16 BLOOMBERG New York ALIBABA Group Holding Ltd has tried to shake the perception that it’s just the eBay Inc or Amazon.com Inc of China, by pushing into social media and entertainment and actively investing in startups such as Snapchat Inc.
      BLOOMBERG; PHOTO: REUTERS  -  714 words
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      41 16 STAND TO WIN A PAIR OF BUSINESS CLASS Sign up for oui; The Straits free newsletter here: w t st i 'Terms apply and contest existing subscribers ill! 1 II m I 1 :i’r I f <P TIIU STRAIT'S TIMES straitstimes.com
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  • CONSUMER
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      Lock icon Investors pour US$12b into China’s logistics sector
      848 17 Carlyle Group LP, Canada Pension Plan Investment Board, Warburg Pincus riding on nation’s online shopping spree REUTERS Hong Kong WHEN US private equity heavyweight Warburg Pincus started looking at China’s logistics sector in late 2009, there were more modern warehouses in Boston than
      REUTERS; PHOTO: REUTERS  -  848 words
    • Article
      Lock icon With audience shrinking, NBC looks cautiously to Olympics in Asia
      705 17 Changing viewer habits, time differences with US, competition for primetime slots among complications NYT New York NBCUniversal heads into the next three Olympics all of them in Asia faced with a critical question: Was the lower-than-expected primetime viewership for the
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      Lock icon Price rise for anti-allergy EpiPen sparks furore
      494 17 Fivefold price hike of epinephrine injector makes it unaffordable to many US sufferers AFP Washington A FIVEFOLD price hike for EpiPen, which allergy sufferers use to counteract life-threatening reactions, has made Mylan the newest drugmaker to come under attack in the United States
      AFP  -  494 words
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      25 17 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
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      18 17 S R NATHAN 1924-2016 He touched many lives It’s raining gifts for P.V. Sindhu GET YOUR COPY TOMORROW
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      86 17 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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  • TRANSPORT
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      Lock icon Delphi and Mobileye to produce system for self-driving cars
      1016 19 Collaboration will accelerate time to market and enable carmakers to save on the need for huge capital investments NYT New York THE race to build self-driving cars is becoming an increasingly crowded field. There are carmakers such as Ford Motor intent
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      Lock icon VW’s supplier feud shows limits of cost-cutting push
      769 19 BLOOMBERG Frankfurt VOLKSWAGEN AG’s agreement with a recalcitrant supplier shows the limits of the carmaker’s push to reduce spending in the wake of record fines over the emissions-cheating scandal. In order to end the standoff that crippled the production of Passat and
      BLOOMBERG  -  769 words
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      Lock icon Qantas profit soars to record A$1.42b
      554 19 AFP Sydney AUSTRALIAN carrier Qantas on Wednesday posted record annual profits and announced its first payout to shareholders in seven years, staging a turnaround after axing jobs and selling aircraft in an aggressive restructuring. Qantas’ results were also boosted by the sharp fall in
      AFP; PHOTO: BLOOMBERG  -  554 words
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      15 19 a y www.omy.sg Competition in hi I I I l 'w' SCANS JOIN 0F^0 iiiRimi
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      59 19 Ok/i h \lwn& Photos of NDP are also available Browse all items at http://m.photobank, com.sg Magic Mug "I 1 ov eS vassal fo lv SJSSE sph FotoHub PHOTOBANK ST S AWARD-WINNING ARTISTS All images used are for illustrative purposes only. Individual features may vary. ‘The design on the black Magic
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  • OPINION
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      Lock icon Stronger signals to NE Asia needed on response to provocative actions
      550 20 EDITORIAL AT some point the world in general, and foreign investors in particular, are going to start paying closer attention to the mounting risks in North-east Asia as tensions and military provocations continue to be ratcheted up in the
      550 words
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      Lock icon US stocks: Expect high drama, anti-climactic end for 2016
      821 20  -  THE BOTTOM LINE By Richard Turnill T The writer is global chief investment strategist at BlackRock IF WE were to write a script for the US stock market through the end of 2016, it might include a bit of suspense, a
      821 words
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      Lock icon TPP’s chances of survival brighter now
      1781 20  -  If Trump loses and loses big, it would be a sign of voters’ rejection of his protectionist, isolationist agenda and a go-ahead to the Democrats to move the ball on this trade deal By Leon Hadar WHEN it comes to American politics, left-leaning progressives
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      Lock icon Technology comes to policymakers’ help
      954 21  -  COMMENTARY By Bala Shankar T The writer is a Singapore-based consultant ECONOMISTS and national budget makers have a new situation to reckon with burgeoning welfare budgets. Over the past decade, many countries have had to step up steeply the allocation for support to the underclass.
      954 words
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      Lock icon Trump as president and Yellen at the Fed
      669 21  -  By Meghnad Desai T The writer is emeritus professor of economics at the London School of Economics and Political Science and chairman of the Official Monetary and Financial institutions Forum advisory board OMFIF POLICYMAKERS and financial practitioners are wondering what might happen
      OMFIF  -  669 words
    • Article
      Lock icon Implications of Singtel’s purchase of telco shares from Temasek
      293 21  -  LETTER TO THE EDITOR V Navaratnam SINGTEL’S minority shareholders may be concerned about its recent agreement to purchase telco shares from Temasek (“Singtel buys stakes in Thai, India telcos from Temasek for S$2.47b”, BT, Aug 19). According to the agreement, Singtel
      293 words
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      Lock icon Raise public understanding in Indonesia to tackle haze
      1045 21  -  The policy battlefield must move from regional summits to the hearts and minds of Indonesians. BY ASIT K BISWAS AND CECILIA TORTAJADA BY ASIT K BISWAS AND CECILIA TORTAJADA T The writers are respectively Distinguished Visiting Professor at the Lee Kuan Yew
      PHOTO: REUTERS  -  1,045 words
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      862 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • LIFE & CULTURE
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      Lock icon Jennifer Lawrence tops list of bestpaid actresses
      368 23 AFP Los Angeles OSCAR-WINNING Jennifer Lawrence was named the world’s highest-paid actress for the second year running on Tuesday, with estimated pre-tax earnings of US$46 million. The 26-year-old American raked in the lion’s share from a profit share in the final Hunger Games
      AFP  -  368 words
    • Article
      Lock icon China’s richest man eyes Hollywood with US$2b deals
      811 23 After acquiring two non-production film companies, Dalian Wanda’s next target is a ‘Big Six’ movie studio REUTERS Beijing REAL estate and entertainment conglomerate Dalian Wanda Group Co expects to seal two billion-dollar film-related deals in the United States this year, chairman Wang
      REUTERS  -  811 words
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      Lock icon Australian unearths ‘beast’ of a truffle
      366 23 AFP Sydney AN Australian has uncovered what is thought to be the largest black truffle ever discovered in the country, a 1,511-gramme monster that could also be a world-beater. Stuart Dunbar said that he had known since February that a truffle had been growing
      AFP; PHOTO: AFP  -  366 words
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      Lock icon Ghana’s contemporary art hits the streets
      599 23 AFP Accra A SATIRICAL cartoon depicting a celebrity in Ghana schooling a British diplomat on how to speak pidgin English won laughter and praise from the crowd at a street festival in Accra. The cartoon lampoons British High Commissioner to Ghana Jon Benjamin who
      AFP; PHOTO: AFP  -  599 words
  • Page 23 Miscellaneous
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      329 23 CRYPTIC CROSSWORD Across 1 Diagram, old, found in Cadiz in tatters (6) 5 Recommend short video as training (6) 10 Flower festival failing to open (5) 11 To bring in social worker is significant (9) 12 Makeshift bar opening (7) 13 German male teacher sent back rice dish (7) 14
      329 words
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      178 24 MITSUBISHI ELECTRIC Changes for the Better A MITSUBISHI ELECTRIC INVERTER L 'Easy To Clean! teachable Inner Vent for Easy Clean EXCELLENT Energy Savings RETEST ENERGY EFFICIENCY RATING Excellent MITSUBISHI ELECTRIC Split type (inverter) Air-conditioner MXY-2G20VA Cooling Capacity: 4.83kW Tested in accordance with ISO *****. Based on 27C/kWh electricity cost, 8
      178 words