The Business Times, 10 September 2016

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Microfilm: NL33961
Total Pages: 41
1 32 The Business Times
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      55 1 BT LivingTHE BUSINESS TIMES WEEKEND SEPTEMBER 10 -1 1, 2016 CROSS-CULTURAL CANVAS Exquisite art of cross-border collaborations L2-4 DINING First-timers in charge L5-7 HOME GARDEN Pride and joy L10-11 PHOTO: YEN MENG JIIN STYLE Well-heeled sty l e L8-9 MOTORING Bentley and Porsche rollouts L14-15 GADGETS Multitasking selfie stick L12
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  • DESIGN
    • Article, Illustration
      Lock icon CROSS-BORDER TIE-UPS
      2421 2 / 3  -  Cross-cultural collaborations allow Singaporeans to see a side of the Little Red Dot through a foreigner’s lens while also gaining insights into other cultures. By Tay Suan Chiang By Tay Suan Chiang LANDMARK RENDERINGS Stephen Wiltshire The Prodigious Savant Scotts Square, #03-11 Exhibition on till Oct 2, opening
      PHOTOS: K+; PHOTOS : YEN MENG JIIN; PHOTO: MAROU & CO  -  2,421 words
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  • DINING
    • Article, Illustration
      Lock icon First-timers lead the charge
      2441 5  -  Diners, sharpen your taste buds. Four first-time head chefs are taking the helm at new eateries, promising something new to woo your jaded palate. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg Solo flight of fancy Pistachio Middle Eastern and Mediterranean Grill 20 Ah Hood Road,
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  • STYLE
    • Article, Illustration
      Lock icon WELL HEELED
      1120 8 / 9  -  Don’t trade in your stilettos for feet-friendly trainers just yet, as a new range of comfy heels is giving cult sneaker makers a run for their money. By May Yip AS any podiatrist would tell you, running in heels is probably the fastest way to form new bunions,
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  • HOME & GARDEN
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      Lock icon PRIDE AND JOY
      1022 10 / 11  -  The Soos’ modern tropical house is a showcase of Aamer Taher’s cutting edge work, and a home full of light and space. By Tay Suan Chiang taysc@sph.com.sg@TaySuanChiangBT I N the early 2000s, Michael Soo was like other trendy home owners who were turning their Singapore addresses into
      PHOTOS OF SOO FAMILY, ADI GUNAWAN SCULPTURE, LEGO WALL BY YEN MEN JIIN. ALL OTHER PHOTOS BY SANJAY KEWLANI  -  1,022 words
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  • GADGETS
    • Article, Illustration
      Lock icon Multitask with this selfie stick
      667 12  -  Taking difficult shots and video on dodgy terrain is a cinch with the Osmo Mobile by DJI. By Sherwin Loh DJI Osmo Mobile EVEN though smartphone makers have made great strides in mobile-device cameras, there is still a distinction between these cameras and more professional
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    • Article, Illustration
      Lock icon When smartphone becomes a TV
      578 12  -  AVerTV Mobile 510 By Sherwin Loh @SherwinLohBT sherwinl@sph.com.sg WITHOUT a TV connected to receive free-to-air broadcasts at home, there was no chance for the family to catch the live broadcast of Joseph Schooling competing in the 100m Butterfly at the recent Olympic Games. So, everyone
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  • HEALTH
    • Article, Illustration
      Lock icon Zika and the carrier connection
      1200 13  -  The mosquito is the primary vector, or bus, for the Zika virus and the sooner its habitat is destroyed, the safer it will be especially for pregnant women who are the most vulnerable Chong Yeh Woei ZIKA has hit our shores on Aug 27 this
      PHOTO: MARK CHEONG/THE STRAITS TIMES  -  1,200 words
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  • MOTORING
    • Article, Illustration
      Lock icon Fastest Flying Spur
      271 14  -  Bentley Flying Spur W12 S has more oomph and dark styling cues that hint its improved dynamic abilities. By Samuel Ee By Samuel Ee samuelee@sph.com.sg BIG, fast but more luxurious than furious. The first four-door Bentley with a top speed above 200 mph is due to arrive
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      Lock icon A Mercedes as parking space locator
      198 14  -  By Samuel Ee samuelee@sph.com.sg BOSCH has teamed up with Mercedes-Benz for the perfect driving aid a parking spot locator. To simplify the search for kerbside parking spaces, Bosch and Daimler, the manufacturer of Mercedes-Benz vehicles, have launched a pilot project for community-based parking in
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      Lock icon DIESEL DYNAMO
      644 15  -  The new Porsche Panamera 4S Diesel is the world’s fastest diesel sedan. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WHEN deciding on which version of the Porsche Panamera to choose from, the 4S Diesel may seem like the fuel-sipping option and not much more. But the new Porsche
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  • SPORTS
    • Article, Illustration
      Lock icon Rivals Mourinho and Guardiola lock horns again
      878 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THERE is little need to hype up the English Premier League’s (EPL) Manchester derby. This is an explosive football fixture that captivates the sporting world, and this Saturday’s battle at Old Trafford the 172nd meeting
      PHOTOS: AFP  -  878 words
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  • TOP STORIES
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      Lock icon CONTENTS
      54 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Design L2-4 Dining L5-7 Style L8-9 Home Garden L10-11 Gadgets L12 Health L13
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    • Article
      Lock icon MARKETS
      136 2 HSTI 2,873.33 (-21.15) HSTI FUTURES 2,873.00 (-21.00) HSIMSCI 316.89 (-2.67) HSIMSCI FUTURES 317.00 (-2.85) STOCKS Friday Change KL COMP 1,686.44 -4.94 NIKKEI 225 16,965.76 +6.99 HANG SENG 24,099.70 +180.36 SET 1,445.28 -10.10 JAKARTA 5,281.92 -89.16 MANILA 7,581.79 -85.28 KOSPI 2,037.87 -25.86 SHENZHEN B 1,190.26 -2.40 MUMBAI 28,797.25 -248.03 11.45
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    • Article
      Lock icon PwC review of SBI Offshore’s deals casts spotlight on 2 ex-CEOs
      501 2  -  Company calls for trading halt pending an announcement following BT report on board tussle By Anita Gabriel anitag@sph.com.sg@AnitaGabrielBT Singapore THE findings of a review into the past transactions by SBI Offshore (SBIO) involving an associate company could well shake
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    • Article, Illustration
      Lock icon Holland V’s Cold Storage space sold
      610 4  -  The seven freehold strata units cost S$61m, or S$4,976 psf for the 12,260 sq ft strata area By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE owner of Rio Casino in Macau, Loi Keong Kuong, and his family are buying the space leased to Cold Storage
      FILE PHOTO  -  610 words
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      Lock icon At global summits, the action is behind the scenes too
      771 6  -  SATURDAY SOAPBOX Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WHEN world leaders gather in one country for an international summit, as many have done in China and Laos over the past week, their schedules are usually packed with plenary sessions and official
      PHOTO: MINISTRY OF COMMUNICATIONS AND INFORMATION OF SINGAPORE  -  771 words
    • Article
      Lock icon Zika set to take centre stage in parliament on Tuesday
      559 6  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE Zika threat, currently a big concern for everyone, will take up much of Parliament’s time when the legislature convenes its monthly meeting on Tuesday. But there will also be issues raised which
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    • Article, Illustration
      Lock icon My boss just quit. What next?
      1026 7  -  If you had built a great working relationship with your manager who had tagged you for your high potential, don’t panic or jump ship at least not just yet CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT THERE’S no doubt that your relationship with your
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    • Article
      Lock icon Fine cracks found on 11 Sengkang-Punggol LRT trains
      234 7  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore HAIRLINE cracks have been found on 11 trains of the Seng-kang-Punggol light-rail transit (LRT) system. The cracks on the bogie frames, which support the guid- ance system of the light-rail vehicles, do not compromise their ability
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      358 3 L. Learn about sleeping disorder, snoring, fatigue, and sinus problems from Dr Dennis Chua, Ear, Nose and Throat (ENT) consultant specialist, with more than 10 years experience in treating patients for ENT related issues. Learn about prevention, detection and treatment for heart related diseases and stroke from Dr Michael Lim,
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  • Article, Illustration
    Lock icon Hypercars from Bugatti, Aston Martin to debut in S’pore
    533 5  -  By Samuel Ee samuelee@sph.com.sg Singapore WHAT’S a slumping economy when there’s a multi-mil-lion-dollar limited edition sports car or two that you just must have? Amid the economic gloom, there is “very strong interest” in the Bugatti Chiron and Aston Martin AM-RB
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      950 5 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS (AS DEFINED BELOW). If Noteholders are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager, solicitor, accountant or
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Rebooting Acer
      3012 8 / 9  -  Acer CEO Jason Chen charts a new course for the iconic computer maker to turn it into a multi-dimensional technology company. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT WHEN Jason Chen, corporate president and CEO of Acer Inc, took charge on January 1, 2014, he
      PHOTO: ARTHUR LEE  -  3,012 words
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  • COMPANIES & MARKETS
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      Lock icon Regulations gnawing at corporate profits
      513 10  -  Credit Suisse expects S’pore GDP growth to slow to 1.1% in 2017 By Jamie Lee leejamie@sph.com.sg@JamieLeeBT Singapore PRO-CONSUMER regulatory changes in the last five years may have sapped Singapore Inc’s mojo, a new report shows, signalling the need for the Republic’s productivity drive to rev
      Source: Credit Suisse Research, company data, Bloomberg  -  513 words
    • Article
      Lock icon Del Monte Pacific narrows Q1 losses with restructuring savings
      503 10  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SAVINGS from a restructuring that started last year helped Del Monte Pacific narrow its losses in the first quarter. For the three months ended July 31, the group recorded a loss of US$8.7 million, from
      503 words
    • Article, Illustration
      Lock icon Spike in trading of Ezra shares prompts SGX query
      393 10  -  HOT STOCK By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A SPIKE in trading volumes in the shares of Ezra Holdings sent the stock to the top of the volumes chart on Friday, and triggered a trading query from Singapore Exchange (SGX). In
      Source: Bloomberg  -  393 words
    • Article, Illustration
      Lock icon FHT acquires Novotel Melbourne for A$237m
      600 11  -  Deal will be funded via 32-for-100 underwritten rights issue By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FRASERS Hospitality Trust (FHT) is acquiring Novotel Melbourne located on a prime shopping street in Melbourne for A$237 million (S$245.4 million), with the transaction to be funded entirely via
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      Lock icon Ascendas Reit buys two Australian properties for A$168m
      474 11  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ASCENDAS Reit said on Friday it has acquired a business park in Sydney for A$ 143.4 million (S$ 147.4 million). The property, located at 197-201 Coward Street, Mascot, was purchased from Frasers Property Australia. This follows
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    • Article
      Lock icon STI STOCKS
      302 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 -2 249/245 257 209 6.2 6892.5 CapitaCom Trust 161.5 -2.5 164/161.5 164 127 5.3 4776.2 CapitaLand 318 -2 318/314 340 267 12.7 2.8 *****.1 CapitaMall Trust 214 -1 215/212 225 185
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      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US747 -6 406 751/746 772/575 746/747 93.4 STI ETF 291 -2 260 293/291 314/254 291/293 DBXT MS SING US$ US116.1 +0.8 75 116.1/116.1 116.2/97.5 115.8/116.3 5.8 DBXT MSPHILS US$ US205.8 +0.3 51
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      Lock icon BT SHARE INFORMATION SERVICE
      804 12 For week beginning Sep 5 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Ho Bee Land 07-Sep-16 Chua Thian Poh *Buy 51 2.16 *****4 73.78 *****5 73.93 Hwa Hong Corp
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      Lock icon SECURITIES TRADING SCOREBOARD
      189 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 6 1 0 0 5 6 6 Manufacturing 33 28 35 4 8 11 37 36 46 Commerce 17 23 8 3 2 5 20 25 13 Tpt/Stor/Comms 8 14 9
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      Lock icon SECURITIES TRADING TURNOVER
      124 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,482 1,079 13,561 37,406 188 37,593 Manufacturing 91,267 78,868 170,135 92,907 2,885 95,792 Commerce 175,296 37,858 213,154 77,573 651 78,223 Tpt/Stor/Comms 347,538 5,904 353,442 142,248 597 142,845 Finance 23,604 73 23,677 169,787 11 169,798 Construction
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      Lock icon OTHER SINGAPORE INDICES
      77 12 Sep 9 VALUE CLOSE BT OB/OS 71.00 +33.00 BT CADI -*****.00 -48.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 692.78 -3.57 FTSE ST Small Cap 386.72 -0.49 FTSE ST All Share 706.16 -4.38 FTSE ST China Top 161.38 -0.06 FTSE ST China 194.03 +0.06 FTSE
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      Lock icon UNUSUAL ACTIVITY
      80 12 VOL CLOSE($) CHANGE 3Cnergy 72.7 0.063 -0.036 -36.36 IPCO Intl 20,500.2 0.003 +0.001 +50.00 Chinese Global 8,972.0 0.010 +0.002 +25.00 Oceanus 7,360.0 0.004 +0.001 +33.33 Metech Intl 2,996.7 0.004 +0.001 +33.33 Ley Choon 509.5 0.025 -0.005 -16.67 OEL 5,297.0 0.011 +0.001 +10.00 Southern Pkg 12.5 0.495 +0.070 +16.47
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      Lock icon COMMODITY FUTURES
      193 13 Sep-8 Price Net change change Last Trade Agricultural Sep-8 CBOT Soybeans (US cents/bu) 992.00 0.25 0.03% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.94 0.13 0.40% 14/09/2016 CBOT Wheat (US cents/bu) 377.00 1.75 0.47% 14/09/2016 Sep-8 LIFFE Cocoa (£/tonne) 2274.00 -7.00 -0.31% 15/09/2016 LIFFE Coffee (US$/tonne) 1922.00 20.00 1.05%
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    • Article
      Lock icon PALM OIL
      60 13 Sep 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 16 2873.0 2898.0 2900.0 2873.0 161 2414 Oct 16 2720.0 2724.0 2738.0 2707.0 1573 ***** Nov 16 2629.0 2640.0 2656.0 2620.0 ***** ***** Dec 16 2582.0 2592.0
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      Lock icon GOVERNMENT SECURITIES
      67 13 Sep 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.28 5-Year NX*****X 2.250 01-Jun-21 104.64 105.00 104.70 10-Year NX*****F 2.125 01-Jun-26 103.46 103.90 103.84 15-Year NZ*****F 2.875 01-Sep-30 110.23 110.30 110.30 20-Year NZ*****X 2.250 01-Aug-36 102.39 103.00 102.45
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      Lock icon INTERBANK CURRENCY RATES
      155 13 Sep 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0308 1.0317 0.7616 0.7620 Canadian dollar 1.0454 1.0461 0.7726 0.7724 Euro 1.5255 1.5266 1.1271 1.1275 NZ dollar 0.9974 0.9983 0.7369 0.7373 Sterling pound 1.7996 1.8004 1.3296 1.3297
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      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      209 13 Most active Sep 9 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 12.9 -0.8 6498 0.1 1550 5 UOB MB eCW*****1 10.7 -0.2 3994 0.1 1880 5 OCBC Bk MB eCW*****8 4.4 -0.3 2843 0.1 915
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Sep 8 Index Change Change Change Change Change Change World Preliminary 1317.7 -0.2 3.1 -0.1 -0.4 -0.1 4.9 EAFE Preliminary 984.2 -0.2 -2.9 0.0 -4.1 -0.1 1.0 Europe Preliminary 1413.4 -0.1 0.1
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      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article, Illustration
      Lock icon STI up 2.5% for the week but falls into the red for 2016
      745 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index ended a volatile week on Friday with a 21.15-point loss at 2,873.33 that cut its gain for the five days to 70 points or 2.5 per
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    • Article
      Lock icon Make a Statement of Support to uphold & advance standards
      550 14 Make a Statement of Support to uphold advance standards SIAS CORPORATE GOVERNANCE WEEK THE Securities Investors Association (Singapore) is holding the 7th Singapore Corporate Governance Week 2016 (CG Week) with the theme “Change and Innovation in Governance”, from Sept 26-30, 2016. Organised by SIAS, CG Week is endorsed and supported
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  • REAL ESTATE
    • Article
      Lock icon Tengah to feature novel smart technologies
      373 15  -  New HDB town will include energy and water conservation facilities both within and outside residents’ homes By Renald Yeo yrenald@sph.com.sg Singapore SMART technologies will be used to develop Tengah, the first public housing estate project in Singapore since Punggol. Computer simulation software will employ
      373 words
    • Article, Illustration
      Lock icon Tattoo parlours, e-cigarette shops take up UK’s vacant retail space
      569 15 Bloomberg London TEN years ago, betting shops and pawnbrokers snatched up Britain’s vacant retail space. Now, tattoo parlours and e-cigarette merchants are filling that empty space and there’s plenty of it. One in 10 retail sites in UK town centres
      Bloomberg; PHOTO: AFP  -  569 words
    • Article
      Lock icon Manhattan’s peak season for leasing favours renters
      483 15 Bloomberg New York MANHATTAN’S traditional peak apartment-leasing season wrapped up in August with no rent growth for landlords, a sign that their ability to push up costs may wane further in the coming months. The median monthly rent in August was US$3,399, a
      Bloomberg  -  483 words
    • Article
      Lock icon House hunt
      1222 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 27 AND AUG 2, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 13 LANDED Macpherson Gdn Estate 2-Ter 01/08/2016 FH 1359 1560 1148 Sennett Estate 2-Ter 01/08/2016 FH
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Tighter curbs sought on investments by US banks
      503 17 New rules may also shut down their in-house private equity ops NYT New York REGULATORS in the United States are seeking to impose further restrictions on the ability of Wall Street banks to make risky investments with their own money. If the
      NYT; PHOTO: BLOOMBERG  -  503 words
    • Article
      Lock icon Barclays conducts first blockchain-based trade finance deal
      466 17 Reuters London BARCLAYS and an Israel-based startup company have carried out what they say is the world’s first trade transaction using blockchain technology cutting a process that normally takes 7-10 days to less than four hours. The transaction guaranteed the export of almost
      Reuters  -  466 words
    • Article
      Lock icon Postal Savings Bank of China seeks US$8.2b in HK IPO
      286 17 Reuters Hong Kong STATE-OWNED Postal Savings Bank of China (PSBC) plans to raise up to US$8.2 billion in a Hong Kong initial public offering (IPO) and will start taking orders from investors next week after it set a price range
      Reuters  -  286 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon US tech firms adding lobby strength as EU gets tough
      827 19 Google is among the biggest spenders with a budget of 4.25-4.50 million euros in 2015 Reuters Brussels US tech giants Google and Facebook are among multinationals spending more in Brussels as the European Commission eyes new business regulation after last
      Reuters; PHOTO: REUTERS  -  827 words
    • Article
      Lock icon Twitter shares fall as pressure for growth mounts
      407 19 AFP San Francisco TWITTER shares were down nearly 6 per cent at the close of trading on Thursday as pressure mounted to ignite growth or find a suitor for the global one-to-many messaging service. The company’s shares ended the official trading day
      AFP  -  407 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Airbnb revamps its anti-discrimination policy
      582 20 It will roll out changes to its reservation request system by year end Reuters San Francisco ONLINE rental marketplace Airbnb will address reports of widespread racial discrimination against non-white guests by displaying photos less prominently on its website, promoting instant bookings and changing some of
      Reuters; PHOTO: AFP  -  582 words
    • Article, Illustration
      Lock icon To compete with mobile, Sony tailors PlayStation to next-generation TVs
      569 20 NYT Seattle NEW video game consoles are normally introduced every six or seven years, a far cry from the smartphone business, where more capable models debut every year or so. Taking inspiration from the pace of innovation in the mobile
      NYT; PHOTO: REUTERS  -  569 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Fiat Chrysler’s rising US star in hot water
      1429 21 He is at the centre of a probe into whether the carmaker fraudulently hyped its monthly sales numbers Bloomberg Washington THIS should have been Reid Bigland’s year. Under his leadership, Fiat Chrysler Automobiles outsold its competitors in Canada for the first time
      Bloomberg; PHOTO: BLOOMBERG  -  1,429 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon EU risks trade impotence as critics target Canada deal
      773 22 Growing public backlash against free trade and globalisation threatens CETA, TTIP Reuters Brussels A DEAL that would allow Canada to sell maple syrup duty free in the European Union and Europeans to ship more cheese to Canadian shops has become the
      Reuters; PHOTO: AFP  -  773 words
    • Article
      Lock icon EU orders rethink of mobile ‘free roaming’ plan
      409 22 AFP Brussels EUROPEAN Commission head Jean-Claude Juncker on Friday ordered officials to draw up new plans for the EU’s landmark free mobile phone roaming policy after it ran into fierce criticism. The Commission had unveiled the original “free roaming” plans amid fanfare
      AFP  -  409 words
    • Article
      Lock icon Wholesale inventories unchanged in July
      339 22 LATEST US DATA Reuters Washington US wholesale inventories were unchanged in July as previously reported and sales fell, suggesting a limited boost to economic growth from restocking in the third quarter. The Commerce Department said on Friday that the flat reading followed a 0.3 per
      Reuters  -  339 words
    • Article, Illustration
      Lock icon China’s factory deflation eases in August
      485 23 Consumer prices inch up 1.3%; producer-price index improves for an eighth straight month Bloomberg Beijing CHINA’S factory-gate deflation eased to the least in four years while consumer prices remain muted, giving policymakers fresh evidence that the price outlook is stabilising along with demand. Producer-price
      Bloomberg; PHOTO: AFP  -  485 words
    • Article
      Lock icon Philippine leader’s insults, drug war worry US investors
      379 23 AFP Manila AMERICAN investors in the Philippines on Friday warned that President Rodrigo Duterte’s brutal drugs war and foul-mouthed tirades, including branding US leader Barack Obama a “son of a whore”, could hit foreign investment. Mr Obama cancelled a meeting with Mr
      AFP  -  379 words
    • Article
      Lock icon Paris unveils pre-election income tax cut of 1b euros
      359 23 Reuters Paris THE French government will cut income tax by one billion euros (S$1.53 billion) in its 2017 budget, the Finance Ministry said on Friday, seeking to ease the pain of earlier tax hikes ahead of a presidential election next year.
      Reuters  -  359 words
    • Article, Illustration
      Lock icon Murmurs of early GE as Najib rallies party
      1311 24 One factor that could tilt balance for snap polls is fractured opposition, which struggled this year in by-elections and a state poll Bloomberg Kuala Lumpur THERE’S the whisper of an early general election (GE) in the air in Malaysia. Prime Minister Najib
      Bloomberg; PHOTO: AFP  -  1,311 words
    • Article, Illustration
      Lock icon Jakarta’s tax amnesty hampered by limited investment options
      484 25 Ex-finance minister also says big taxpayers ‘prefer to wait and see’ Bloomberg Sydney INDONESIA’S tax amnesty is being held back by limited investment options for individuals and companies to repatriate their funds into, National Development Planning Minister Bambang Brodjonegoro said. While the
      Bloomberg; PHOTO: AFP  -  484 words
    • Article
      Lock icon North Korea nuclear blast hits stocks
      558 25 Reuters London EMERGING market (EM) stocks had a bumpy landing on Friday after an otherwise strong week, as a nuclear test by North Korea rattled Asia and the European Central Bank dashed eastern Europe’s hopes of another quick lift from its stimulus. Most of
      Reuters  -  558 words
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      62 25 HOT PROPERTY GORGEOUS 3-STOREY SEMI-D Kew Dr for only $2.xM! 3011 /4500sf 5+1 bdrm. Bespoked decor. Functional layout. A1 move in cond. Face NE. Open hse this weekend. RSVP now! SUPER PRICE BEDOK Semi-D 3400 sqft old house with big garden. Near MRT/ Quiet FH $3.3m. LANDED PROPERTIES FOR SALE
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  • OPINION
    • Article, Illustration
      Lock icon UN’s role in fighting slavery today
      994 26 / 27  -  Women are being traded as slaves on WhatsApp here’s how the UN can act. By James Cockayne ~The writer is Head of Office at the United Nations, United Nations University THE members of the United Nations (UN) Security Council hear terrible stories from conflict
      PHOTO: REUTERS  -  994 words
    • Article, Illustration
      Lock icon The economic trend is our friend
      976 26 / 27  -  By J Bradford DeLong ~The writer, a former US deputy assistant Treasury secretary, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research THESE are days of grave disillusionment with the state
      PHOTO: AFP  -  976 words
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  • Page 26 / 27 Miscellaneous
    • Miscellaneous
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      139 26 / 27 weekend the business times Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 CUSTOMER SERVICE: 6388-3838 www.businesstimes.com.sg PRESS RELEASES: btnews@sph.com.sg LETTERS: btletter@sph.com.sg Editor ALVIN TAY Associate Editor VIKRAM KHANNA Executive Editor WONG WEI KONG Chief Executive Officer Singapore Press
      139 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Fund managers get EM bonds warning
        813 28 / 29  -  Alarm bells are sounding on the headlong rush into the fringes of emerging-market corporate bonds in search of higher yield. By Natasha Doff By Natasha Doff Bloomberg London INVESTORS scooping up the riskiest emerging-nation corporate bonds in an indiscriminate rush for yield are facing
        Bloomberg; PHOTO: AFP  -  813 words
      • BROKER'S TAKE
        • Article
          Lock icon Del Monte Pacific | Hold
          221 28 / 29 Del Monte Pacific Hold Sept 9 close: S$0.355 DBS Group Research, Sept 9 WE view the current results as a mixed bag. While there were increased losses in the Americas business, this was largely due to higher marketing and promotional expenses ahead of the holiday season, with the intent of
          221 words
        • Article
          Lock icon Accordia Golf Trust | Non-Rated
          173 28 / 29 Accordia Golf Trust Non-Rated Sept 9 close: S0.68 CIMB Research, Sept 8 WE visited four of Accordia Golf Trust’s (AGT) golf courses in Osaka recently. Of these four, Otsu Country Club was the second-most valuable course in its portfolio while the Izumisano Country Club was the fourth-most valuable. We also
          173 words
        • Article
          Lock icon Office Reits | Neutral
          266 28 / 29  - Office Reits Neutral Compiled by Jamie Lee Maybank Kim Eng Research, Sept 8 OFFICE rents may continue to slide amid strong completions in the near term. However, we believe the issue is well-flagged and the market could instead focus on a bottom. Reit prices could react ahead. Furthermore, persistently low
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      • Article, Illustration
        Lock icon China SWF eyes Asian hedge funds
        813 30 It bets on them after they outperform global funds from 2012 to 2015, returning an annualised 9.5% against 5.7% Bloomberg New York CHINA’S US$814 billion sovereign wealth fund (SWF) may increase investments in hedge funds in Asia, betting they can beat rivals trading in
        Bloomberg; PHOTO: AFP  -  813 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Toronto film fest opens with Western remake
      485 31 The Magnificent Seven stars double Oscar-winner Denzel Washington AFP Toronto DOUBLE Oscar-winner Denzel Washington and a motley band of gunslingers opened the Toronto film festival on Thursday, blazing trails in a much-anticipated remake of the 1960 Western The Magnificent Seven. The film festival,
      AFP; PHOTO: REUTERS  -  485 words
    • Article
      Lock icon Indian acid attack survivor wows New York runway
      514 31 AFP New York AN Indian teenager who lost an eye and whose face was brutally disfigured in an acid attack walked the New York catwalk to whoops and cheers on Thursday in what she called a life-changing experience. Reshma Qureshi, 19, brushed
      AFP  -  514 words
  • Page 31 Miscellaneous
    • Miscellaneous
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      347 31 CRYPTIC CROSSWORD Across 1 Smouldering leaves catching fire (5) 4 Attire dishevelled by supporter upset referee (9) 9 Behaviour of French, more disagreeable reportedly (9) 10 Aquatic creature’s fiercer blowing top (5) 11 Rubbish bin’s first put in car port (7) 12 Sun possibly turning a bit old (7) 13
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      166 32 t *4A{>i TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. K? J THE VALLEE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE
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