The Business Times, 14 September 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33961
Total Pages: 26
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 Wednesday, September 14, 2016 S$1.20 CO REGN NO *****2868E
    22 words
  • Article
    Lock icon DAILY DIGEST
    175 1 it is still too early to gauge the wider economic impact of the Zika menace in Singapore, Senior Minister of State for Trade and Industry Sim Ann tells Parliament. TOP STORIES 2 The amount that Singapore GP spends on the Paddock Club grows each year as the lifestyle
    175 words
  • Article, Illustration
    Lock icon GLP adds US$1.1 billion of logistics assets to US portfolio
    710 1  -  Acquisition is accretive and boosts GLP’s position as second-largest owner and operator of logistics facilities in the US By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GLOBAL Logistic Properties (GLP) is acquiring US$1.1 billion of logistics assets in the US just a
    FILE PHOTO  -  710 words
  • Article, Illustration
    Lock icon Govt to tighten CPF Investment Scheme: Tharman
    651 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE government will review ways to tighten the Central Provident Fund investment Scheme (CPFIS), Deputy Prime Minister Tharman Shanmugaratnam announced on Tuesday. This will enable people to take controlled risks with their Central Provident Fund (CPF) monies
    PHOTO: KUA CHEE SIONG / ST  -  651 words
  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,818.38 -54.95 KL Comp 1,677.18 -9.26 Nikkei 225 16,729.04 +56.12 Hang Seng 23,215.76 -74.84 Shenzhen B 1,174.16 +2.69 Dow(11.45am EDT) 18,087.47 -237.60
    26 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      5 1 *****1 *****1 THE BUSINESS TIMES
      5 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      26 1 WATERWAY ISSUE US must ensure South China Sea stays open opinion 22 HOCK LOCK SIEW A deleveraging nudge from fine-tuning of TDSR rules COMPANIES MARKETS 6
      26 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      81 1 SHOPHOUSE DEAL Fragrance buys 2 prime Chinatown shophouses for S$20.5m REAL ESTATE /14 SCULPTURA ARDMORE 8 ARDMORE PARK i L L v_: Mm /••Hi a-llU »v_w ffm Bg SB m A VISIONARY NEW LANDMARK An amorphous, visually-captivating and esteemed sculptural form. Standing over 142 metres tall, its towering presence and
      81 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Still too early to pin down Zika’s impact on economy: MTI
      590 2  -  Ministry says it’s also premature to consider Zika-specific help for businesses, but it’s monitoring the situation PARLIAMENT By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore IT is still too early to gauge the wider economic impact of the Zika menace
      PHOTO: REUTERS  -  590 words
    • Article, Illustration
      Lock icon SGX facing up to its challenges: Ong Ye Kung
      725 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE Singapore Exchange (SGX) is not sitting still in the face of challenges, MAS director and Acting Minister for Education (Higher Education and Skills) Ong Ye Kung told Parliament on Tuesday. “It is building
      725 words
    • Article
      Lock icon Consumer protection Act gets more teeth; Spring to be its administrator
      557 2  -  Changes will also close the loopholes that allow some errant businesses to side-step injunction orders By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore PARLIAMENT has given the green light for changes to boost the law that protects consumers and promotes
      557 words
    • Article, Illustration
      Lock icon Singapore Grand Prix revs up its hospitality options
      641 4  -  S$5m S’pore GP spends to run ritzy Paddock Club is one of the highest tabs on the F1 calendar; this budget has grown by the year By Samuel Ee samuelee@sph.com.sg Singapore THE amount race promoter Singapore GP spends on the Paddock Club
      641 words
    • Article
      Lock icon Temporary move of LME’s open outcry trading hits volumes
      384 4 REUTERS London THE temporary relocation of open-outcry trading at the London Metal Exchange (LME) to a disaster-recovery site due to problems at its new offices hit volumes hard during the already quiet summer months, broking sources said. For all contracts traded
      REUTERS  -  384 words
    • Article, Illustration
      Lock icon Las Vegas Sands dazzles Macau’s Cotai Strip with French flair
      796 4  -  New US$2.9b Parisian resort positioned as “affordable luxury” for visitors By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Macau SHELDON Adelson is betting big on Macau once again, and this time he’s adding some French flair and flavour to the former Portuguese colony.
      PHOTO: REUTERS  -  796 words
    • Article, Illustration
      Lock icon IMF chief hits out at politicians’ protectionist stance
      808 5  -  Lagarde sees need to “pursue policies that extend the benefits of openness” while “alleviating their side-effects” By Anthony Rowley btworld@sph.com.sg Tokyo INTERNATIONAL Monetary Fund (IMF) managing director Christine Lagarde has voiced alarm at what she says is “the growing risk of politicians
      PHOTO: BLOOMBERG  -  808 words
    • Article
      Lock icon Big manufacturers in Japan turn upbeat on Q3 business conditions
      544 5 REUTERS BLOOMBERG Tokyo BIG Japanese manufacturers turned optimistic about business conditions in the third quarter and companies revised up their capital expenditure plans, a government survey showed on Tuesday, in a sign the economy is gaining momentum. Large manufacturers said
      REUTERS; BLOOMBERG  -  544 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      203 2 »t PARKROYAL SERVICED SUITES parkroyalhotels.com 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
      203 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      101 3 V ,L m. We turn market forces into a force that 3} d L w m iZ T! f, investors. |H>" 1111 f 4 2 A v„- iwaL A' k? From rising rates to geopolitical events, we meet these challenges with the full force of our macroeconomic expertise —and the
      101 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      161 4 The Business Times Showtime Productions present a night of jazz in collaboration with Esplanade Theatres on the Bay Jazzy Business September 30, 2016 Friday, 8pm Esplanade Concert Hall Celebrates BT’s 40th birthday and Cultural Medallion recipient Jeremy Monteiro’s 40th year in showbiz with a programme that includes Grammy-winning jazz guitarist
      161 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      127 5 u W: --v. y< <r a SLC 180 Fuel Consumption: 6.11/100 km; C0 2 emission: 139g/km, SLC 200 Fuel Consumption: 6.11/100 km; C0 2 emission: 143 g/km. The new SLC. Unleash your senses. Freedom is yours for the taking in the new SLC. Liberation behind the wheel? Relish it with
      127 words
Page thumbnail Page 6
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon A deleveraging nudge from fine-tuning of TDSR rules on refinancing
      937 6  -  HOCK LOCK SIEW BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THE Monetary Authority of Singapore’s recent fine-tuning of refinancing rules relating to the total debt servicing ratio DSR) governing property loans is a strong nudge towards deleveraging. Stretched borrowers who hold investment
      PHOTO: BLOOMBERG  -  937 words
    • Article
      Lock icon Singtel unit launches 2nd instalment of startup programme
      428 6  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGTEL Innov8, the wholly owned corporate venture capital fund of Singapore Telecommunications (Singtel), announced on Tuesday the second instalment of its Innov8 Connect programme that brings startups in contact with companies within the ambit of
      428 words
    • Article
      Lock icon CapitaLand callable bond may be a risky bet for some investors: iFast
      415 6 BLOOMBERG Singapore MARKET prices on callable bonds sold by Singapore’s biggest property developer suggest that some investors aren’t fully aware of risks associated with the notes’ structure, according to fund researcher iFast Corp. CapitaLand Ltd’s S$400 million of
      BLOOMBERG  -  415 words
    • Article, Illustration
      Lock icon Re-engineer your finance productivity and capability
      1206 6  -  A leaner, meaner finance division which can crunch data and facilitate valuable analysis will help management in quick decision-making. BY MELVIN YONG THE finance function of organisations is in need of a rethink to cut waste and build capabilities to become more efficient, says
      1,206 words
    • Article
      Lock icon Perennial to buy 49.9% of Shanghai eldercare firm
      495 7  -  It is injecting 735.5m yuan into Renshoutang to become the biggest shareholder and aims to turn the top Shanghai eldercare player into one of the biggest in China By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PERENNIAL Real Estate Holdings has agreed to buy
      495 words
    • CORPORATE DIGEST
      • Article
        Lock icon HSBC
        93 7 HSBC has roped in Jackson Tai, a veteran banker with “deep knowledge of Asia and China” and a former chief executive officer of Singapore’s DBS Bank, to its board, according to The New York Times. Mr Tai, 66, who was also DBS’s former vice-chairman, would join its board as
        93 words
      • Article
        Lock icon Weiye Holdings
        108 7 A UNIT of Weiye Holdings has entered into a share transfer agreement to acquire two companies that own the land-use rights of two residential plots in China. Under the agreement inked on Monday, weiye Property Holdings (Shenzhen) Co Ltd will acquire 100 per cent interest in Huizhoushi Dajinzhou
        108 words
      • Article
        Lock icon Vard Holdings
        93 7 A UNIT of designer and builder of specialised vessels vard Holdings has secured a new contract for the delivery of an equipment and electrical installation package to Cochin Shipyard for a vessel under construction for the government of India. The value of the contract secured by subsidiary Vard
        93 words
      • Article
        Lock icon Hoe Leong Corporation
        70 7 heavy equipment supplier and vessel charterer Hoe Leong said a previous application filed by Otto Marine with the Singapore High Court to wind up the company has been withdrawn. The withdrawal comes "upon payment of US$920,000 Without admission of liability that the debt is due", Hoe Leong
        70 words
    • Article
      Lock icon Get cash by just tapping ATM with mobile phone
      616 9  -  UOB MasterCard holders will be the first to enjoy the contactless service next month at two UOB ATMs By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SOON you will be able to withdraw cash from the ATM by tapping your mobile phone
      616 words
    • Article
      Lock icon AusGroup seeking breather from provisions of S$110m notes
      298 9 Singapore AUSGROUP is seeking a breather from the provisions of the trust deed and notes of S$ 110 million that were issued under its S$350 million multicurrency debt issuance programme. The notes came with a coupon rate of 7.45 per cent and
      298 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist Straits Times Index Sept 13, 2016 2,818.38 -54.95 (-1.91%) Current streak 2 days Day high 2,847.50 Day low 2,815.48 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 13,2016 432.19 -9.85 (-2.23%) Current streak 2 days Day high 441.34 Day
      64 words
    • Article, Illustration
      Lock icon STI plays catch-up with almost 2% dive
      606 10  -  Broad market manages only 93 rises against 323 falls, amid hefty turnover of S$1.4 billion STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Singapore stock market, which had been closed on Monday for Hari Raya Haji, on Tuesday played catch-up with the rest of
      Source: Bloomberg  -  606 words
    • Article
      Lock icon STI STOCKS
      302 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 -5 245/242 257 209 6.3 6753.5 CapitaCom Trust 158 -3.5 160.5/157.5 164 127 5.5 4672.7 CapitaLand 312 -6 315/310 340 267 12.5 2.9 *****.7 CapitaMall Trust 210 -4 213/210 225 185
      302 words
    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Noble 207,379,300 Ezra 95,900,400 Annica 45,000,000 Singtel 37,211,700 Metech Intl 36,600,200 Market volume 2,041,269,000 VALUE UOB 163,363,867 Singtel 145,961,975 DBS Grp 126,289,069 OCBC Bank 67,603,555 Ascendas Reit 57,677,928 Market value 1,456,754,000
      34 words
    • Article
      Lock icon SGX ETFs
      110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 287 -4 922 290/286 314/254 286/287 IS ASIA HYG US$ US1091 +11 238 1091/1081 1116/977 1050/1105 DBXT MSPHILS US$ US203 -2.8 230 208/202.8 222.5/158.5 202.9/203.8 16.2 ABF SG Bond ETF 118.9 83 119.4/118.9 119.9/112.1
      110 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Sep 13 VALUE CLOSE BT OB/OS -45.00 -116.00 BT CADI -*****.00 -200.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 681.44 -11.34 FTSE ST Small Cap 381.68 -5.04 FTSE ST All Share 694.75 -11.41 FTSE ST China Top 157.48 -3.90 FTSE ST China 190.68 -3.35 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share FTSE ST All-Share index Sept 13, 2016 694.75 -11.41 (-1.62%) Current streak 2 days Day high 700.30 Day low 694.15 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 10 STI MSCI EAFE MSCI EAFE index Sept 12, 2016 1,689.24 -18.03 (-1.06%) Current streak 3 days Day high 1,704.83 Day low 1,678.22 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 11 3 0 1 0 1 12 3 Manufacturing 14 54 28 9 9 13 23 63 41 Commerce 12 25 12 2 5 4 14 30 16 Tpt/Stor/Comms 4 20 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,118 120 23,238 72,853 20 72,873 Manufacturing 116,613 137,921 254,534 139,410 3,228 142,638 Commerce 233,516 29,212 262,728 106,350 640 106,990 Tpt/Stor/Comms 186,431 1,610 188,041 245,793 160 245,953 Finance 57,633 11 57,644 387,469 2 387,471 Construction
      123 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      82 10 VOL CLOSE($) CHANGE Metech Intl 36,600.2 0.002 -0.002 -50.00 Pollux Prop 1,495.0 0.040 +0.010 +33.33 Pan Asian 322.7 0.037 +0.010 +37.04 ITE Electric 2,012.3 0.082 +0.022 +36.67 Plastoform 30.0 0.162 -0.030 -15.63 Vashion 242.7 0.007 -0.020 -74.07 Compact Metal 2,006.6 0.025 +0.002 +8.70 Infinio 4,373.3 0.002 -0.001 -33.33
      82 words
    • Article
      Lock icon GAINERS
      78 10 BY CENTS CLOSE UP 52w high/low DBXT S&P Short US$ 1970 54.4 2.1 2362/1930 JSH USD 3360 43.5 1.0 3417/2524 Hyflux 6% CPS 9670 40.0 0.4 *****/9200 IS ASIA HYG US$ 1091 15.0 1.0 1116/977 Poh Tiong Choon 99 14.5 17.2 105/64 BY PERCENTAGE CLOSE UP 52w high/low InnoPac
      78 words
    • Article
      Lock icon LOSERS
      79 10 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -380.8 -1.3 *****/***** DBXT MSKorea US$ 5700 -274.7 -3.4 6041/4629 DBXT ASX200 US$ 3376 -194.5 -4.1 3621/2900 DBXT MSAsExJp US$ 3496 -161.8 -3.3 3633/2772 DBXT China50 US$ 3124 -157.7 -3.6 3240/2355 BY PERCENTAGE CLOSE DOWN 52w high/low Vashion 0.7
      79 words
    • BROKERS’ TAKE
      • Article
        Lock icon Cogent Holdings | Buy
        211 10 Cogent Holdings Buy Target price: S$1.11 Sept 13 close: S$0.845 Phillip Securities Research, Sept 13 Cogent announced that its wholly-owned subsidiary, Cogent Jurong Island Pte Ltd (CJI), has received a letter of offer from JTC Corp (JTC) dated Sept 6 for Phase One of the construction of the Jurong Island
        211 words
      • Article
        Lock icon Ascendas Real Estate Investment Trust | Neutral
        257 10  - Ascendas Real Estate Investment Trust Neutral Compiled by Kenneth Lim Target price: S$2.58 Sept 13 close: S$2.43 Credit Suisse, Sept 13 Ascendas Reit (A-Reit) announced the expected acquisition of two assets in Australia for a total cost of A$179 million. The assets include a business park in Sydney, 197-201 Coward
        257 words
    • Article
      Lock icon CALENDAR
      9 10 DATA I Sept 14 US MBA mortgage applications
      9 words
    • Article
      Lock icon US$ recovers after Fed official quells rate rise chatter
      382 11 CURRENCIES REUTERS London THE US dollar recovered ground in Europe on Tuesday, having dipped the previous day following a speech by Federal Reserve policymaker Lael Brainard that solidified the view that US interest rates are unlikely to rise this month. There
      REUTERS  -  382 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
        2 words
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Sep 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.985 5.025 0.670 5.835 50.316 99.114 0.766 8.420 3.093 1.027 78.462 35.703 1.023 10.714 0.732 23.841 26.233 0.565 0.752 Canada 1.016 5.103
        471 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        2 11
        2 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Sep 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0228 1.0238 0.7521 0.7523 Canadian dollar 1.0386 1.0398 0.7641 0.7638 Euro 1.5270 1.5283 1.1229 1.1230 NZ dollar 0.9960 0.9974 0.7324 0.7329 Sterling pound 1.8107 1.8129 1.3315 1.3321
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Sep 13 S$ Bid Offer 1-month 1.3596 1.3608 2-months 1.3595 1.3607 3-months 1.3589 1.3606 6-months 1.3589 1.3601 Source: OCBC
        22 words
      • Article, Illustration
        Lock icon NIKKEI
        1 11
        1 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 11 Most active Sep 13 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****1 10.9 0.2 7519 0.1 1880 5 OCBC Bk MB eCW*****8 3.4 -1 6723 0.1 915 4 DBS MB eCW*****1 10.6 -2.3 6049 0.1 1550
        205 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Sep 12 Index Change Change Change Change Change Change World Preliminary 1291.8 -0.2 1.1 0.0 -1.7 -0.1 2.6 EAFE Preliminary 963.9 -1.3 -4.9 -1.0 -5.7 -1.1 -1.6 Europe Preliminary 1383.2 -1.1 -2.1
        377 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 11 Sep 13 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9590.00 9687.50 9567.50 9602.50 *****9 *****0 Oct16 9580.00 9710.00 9580.00 9625.00 3638 ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Mar17 *****.00 *****.00 *****.00 *****.00 168 487 MSCI TAIWAN
        390 words
    • BANK RATES
      • Article
        Lock icon GOVERNMENT SECURITIES
        69 11 Sep 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.16 106.27 106.24 5-Year NX*****X 2.250 01-Jun-21 104.31 104.72 104.30 10-Year NX*****F 2.125 01-Jun-26 102.71 103.70 102.55 15-Year NZ*****F 2.875 01-Sep-30 109.16 110.00 109.25 20-Year NZ*****X 2.250 01-Aug-36 100.99
        69 words
      • Article
        Lock icon INTERBANK RATES
        154 11 Sep 13 $S Offer Bid 0vernight 0.02 Par 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.01 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
        154 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Sep-12 Price Net change change Last Trade Agricultural Sep-12 CBOT Soybeans (US cents/bu) 984.50 -12.75 -1.28% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.31 -0.72 -2.18% 14/09/2016 CBOT Wheat (US cents/bu) 383.25 7.25 1.93% 14/09/2016 Sep-12 LIFFE Cocoa (£/tonne) 2207.00 18.00 0.82% 15/09/2016 LIFFE Coffee (US$/tonne) 1919.00 16.00 0.84%
        250 words
    • Article
      Lock icon SGX MAINBOARD
      1675 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 142.5 +1 207 142.5 141 0.9 8 908.1 Div 144 101 ARA Asset Mgmt 136.5 -3.5 434 139
      1,675 words
    • Article
      Lock icon SGX CATALIST
      303 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 46.5 29.5 t Advancer Global 43cd -1 1995 44.5 42.5 17.1 74.5 LOW Company Sale 19.9 8.3 t Anchor Resources 10 -0.5 4130 10.4
      303 words
    • Article
      Lock icon SGX ETF
      154 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 733 CIMBASEAN40 US$ US888 +10 2 888 888 139.3 3240 2355 DBXT China50 US$ US3124 -116 3 3180 3124 8.6 116.2 97.5 DBXT MS SING US$ US114.2
      154 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      128 7 North America will export more oil than it imports by 2020. The global energy landscape is changing dramatically. For example, North American oil and natural gas production is sending the region’s demand for imports plummeting to historic lows. This creates opportunities as well as risks. CME Group gives producers and
      128 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      507 8 FORAGE INTO THE WORLD OF DIGITAL Who should attend: Business Owners, Entrepreneurs, Senior and Middle Management, PMETs, Marketing and Sales Professionals EXCLUSIVE HOT S E P 1 6 22THURSDAY SPH News Centre 1.30pm to 5.00pm GAINING AN INSIGHT INTO DIGITAL NEWSROOM FOR THAT BETTER STORY PITCH What you will learn:
      507 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      294 9 PICTET Pictet-Absl Rtn Fxd Inc-HP EUR Pictet-Asian Equities Ex Japan-P USD Pictet-Asian Local Currency Debt-P USD Pictet-Biotech-P USD Pictet-Clean Energy-P USD Pictet-Digital Communication-P USD Pictet-Em Lcl Ccy Dbt-P USD Pictet-Emerging Europe-P EUR Pictet-Emerging Markets-P USD Pictet-EUR Bonds-P Pictet-EUR Corporate Bonds-P Pictet-EUR Government Bonds-P Pictet-EUR High Yield-P Pictet-EUR Short Mid-Term Bonds-P
      294 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      360 9 LE r a Learn about prevention, detection and treatment for heart related diseases and stroke from Dr Michael Lim, internationally reowned interventional cardiologist and also a regular contributor of health related articles in The Business Times every fortnightly. D Learn about sleeping disorder, snoring, fatigue, and sinus problems from Dr
      360 words
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words
Page thumbnail Page 13
  • Article, Illustration
    Lock icon Setting the gears of innovation in motion
    1629 13 Top-notch speakers and innovation champions share their gems of knowledge at the third session of Think Big Leadership Business Series 2016 THINK BIG LEADERSHIP BUSINESS SERIES 2016 THE current uncertain business conditions have compelled companies to explore Change Management strategies urgently, hence the
    1,629 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      71 13 NextGen. ADVANCE COLOUR Introducing Canon imageRUNNER ADVANCE C5500i Colour Series ADVANCE REWARDS Learn more by scanning on the QR CODE and receive a Canon Delighting You Always ;l HOLIDAY IN ADVANCE Receive s$500 worth of Travel Vouchers and win a VisitADVANCECOLOUR.COM to participate. Canon Singapore Pte. Ltd. 1 Fusionopolis Place
      71 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      7 13 This page is brought to you by:
      7 words
Page thumbnail Page 14
  • REAL ESTATE
    • Article
      Lock icon UK house prices inch up in August
      231 14 BLOOMBERG London UK house prices edged higher in August as the property market continued to experience a lacklustre recovery following a tax increase and the shock of the Brexit vote, according to Acadata and LSL Property Services Plc. The average value of a
      BLOOMBERG  -  231 words
    • Article, Illustration
      Lock icon Fragrance buying Chinatown shophouses for S$20.5m
      422 14  -  Fragrance Foodstuff will own its flagship store, which it has been leasing for more than a decade By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FRAGRANCE Foodstuff, which sells traditional Chinese snacks and bak kwa (barbecued meat), is buying two prime adjoining New Bridge Road shophouses
      422 words
    • Article
      Lock icon Singapore ranks top in sustainability among Asian cities, second globally
      411 14  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE is ranked the most sustainable city in Asia, and second in the world, according to the Sustainable Cities Index 2016 from global design and consulting firm Arcadis. This marks a major improvement from
      411 words
    • Article
      Lock icon Resale condo prices ease for 2nd straight month: SRX Property
      548 14  -  By Kalpana Rashiwala kalpana@sph.com.sg@ KalpanaBT Singapore RESALE prices of private apartments and condo units on the whole in Singapore have eased for the second consecutive month. SRX Property’s August flash estimate shows that its overall resale price index for non-landed
      548 words
    • Article, Illustration
      Lock icon JLL launches Leedon Park GCB for sale by tender
      382 14  -  By Tan Effie taneffie@sph.com.sg Singapore A SPRAWLING good class bungalow (GCB), situated on one of the highest points of the Leedon Park GCB Area, was launched for sale by tender by sole marketing agent JLL on Tuesday. The vendors of 17
      382 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      549 14 EmpText PAYA UBI INDUSTRIAL PARK 1 .n Located at Ubi Avenue 1 1,168 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11 International Residential Property Services Vanessa Chan CEA REG NO. R*****31 +65 8125 7636 Vanessa.Chan@ap.jll.com Jones Lang
      549 words
Page thumbnail Page 15
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon China’s Postal Savings Bank seeks up to US$8.1b in HK IPO
      513 15 This could be world’s biggest share sale this year; lender is offering 12.1b shares at HK$4.68 to HK$5.18 apiece BLOOMBERG Hong Kong POSTAL Savings Bank of China Co is seeking as much as US$8.1 billion in a Hong Kong
      BLOOMBERG; PHOTO: REUTERS  -  513 words
    • Article
      Lock icon Brexit chills M&A activity despite some big deals
      1138 15 REUTERS London BRITAIN’S shock vote to leave the European Union (EU) chilled dealmaking activity involving British companies to the lowest level in at least two decades as bosses grapple with what “Brexit” will cost, Thomson Reuters data shows. The figures give a
      REUTERS  -  1,138 words
    • Article
      Lock icon John Hancock hires veterans to boost ETF strategy
      230 15 BLOOMBERG New York JOHN Hancock Investments, a US arm of Manulife Financial Corp, hired veterans of some of the biggest US asset managers to help its push into ex-change-traded funds. Steven Deroian joins as head of ETF strategy and reports to Philip
      BLOOMBERG  -  230 words
  • Page 15 Advertisements
Page thumbnail Page 16
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Car talk spurs Barrick-Cisco plan to reshape mining with technology
      993 16 Gold miner to pump US$100m initially in first phase of digital reinvention, starting with Cortez mine in Nevada BLOOMBERG Toronto AN unlikely collaboration between the world’s largest gold miner and a California tech giant began with a meeting about cars.
      BLOOMBERG; PHOTO: BLOOMBERG  -  993 words
    • Article
      Lock icon No ‘stale, frail’ CEO for new US$27b fertiliser giant
      758 16 One of Canada’s youngest chief executives will run huge corporation created by Potash-Agrium merger BLOOMBERG New York THE merger of Potash Corp of Saskatchewan Inc and Agrium Inc will create one of Canada’s largest corporations and a company run by one
      BLOOMBERG  -  758 words
    • Article
      Lock icon US trade panel affirms hot-rolled steel duties on seven countries
      244 16 REUTERS Washington THE US International Trade Commission (ITC) handed another victory to American steelmakers on Monday, affirming most of the recent anti-dumping and anti-subsidy duties on hot-rolled flat steel imports from Australia, Brazil, Britain, Japan, the Netherlands, South Korea and
      REUTERS  -  244 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      224 16 Joey Choy ShareInvestor Academy Trainer Joey is one of the Award-Winning Top Tier Remisiers (Stock Brokers) and Traders in Singapore. He was awarded Top CFD specialist in 2013, Top Account Growth Achiever and Top CFD Remisier in 2014 followed by Top Trading Representative in 2015 by Phillip Securities. His Signature
      224 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      21 16 MY SINGAPORE FUTURE X 3 MICRO FILM COMPETITION ID5IHGS, A1S@S! Micro Film Competition 2016 Workshops SCAN JOIN 0S 0 0 microfilm.zaobao.com
      21 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      28 16 h m 6 V-" ti-fr, 'tmp *> SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES jun 14/myj
      28 words
Page thumbnail Page 17
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Bitcoin tech harnessed to push power revolution
      734 17 Utilities replacing old set-ups with cloud-based ledger system called blockchain BLOOMBERG Frankfurt BITCOIN technology is starting to seep into the electricity business, shaking up the way payments are managed every time a light switch is flipped. From New York to Vienna, researchers and
      BLOOMBERG; PHOTO: AFP  -  734 words
    • Article
      Lock icon Apple joins rivals in offering an app to teach coding
      572 17 NYTIMES New York APPLE plans to release a free coding education app on Tuesday that it developed with middle-school students in mind, in the latest salvo among technology companies to gain a share in the education market and to nurture
      NYTIMES  -  572 words
    • Article
      Lock icon US tech firms urge Congress to allow Internet domain changeover
      300 17 REUTERS Washington MAJOR technology companies including Facebook, Google and Twitter are urging Congress to support a plan for the US government to cede control of the Internet’s technical management to the global community, they said in a joint letter dated
      REUTERS  -  300 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      2789 17 USP GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: *****9104W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of USP GROUP LIMITED (the “Company”) will be held at 16A Joo Koon Circle Singapore *****8 on Thursday, 29 September 2016 at 10.00
      2,789 words
Page thumbnail Page 18
  • CONSUMER
    • Article
      Lock icon Kuok said to be seeking US$500m sale of cinema unit
      304 18 BLOOMBERG Kuala Lumpur BILLIONAIRE Robert Kuok is seeking a buyer for Golden Screen Cinemas Sdn, Malaysia’s largest movie theatre chain, in a deal that could fetch as much as US$500 million, people with knowledge of the matter said. PPB Group
      BLOOMBERG  -  304 words
    • Article, Illustration
      Lock icon Value seekers warming to premium credit cards
      964 18 Large credit card issuers are introducing increasingly lavish rewards programmes to capture consumers NYTIMES New York SELDOM does a new credit card go viral. There are the unboxing videos posted on YouTube: People exulting in receiving the precious new metallic rectangle, lovingly unwrapping
      NYTIMES; PHOTO: NYTIMES  -  964 words
    • Article, Illustration
      Lock icon How sugar industry shifted blame to fat
      775 18 NYTimes New York THE sugar industry paid scientists in the 1960s to downplay the link between sugar and heart disease and promote saturated fat as the culprit instead, newly released historical documents show. The internal sugar industry documents, recently discovered by a researcher
      NYTimes; PHOTO: NYTIMES  -  775 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      32 18 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/
      32 words
Page thumbnail Page 19
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China’s 6.9 trillion yuan makeover of state-owned enterprises attracts sceptics
      1229 19 Reforming sprawling, inefficient state sector is likely to be a gradual process with progress coming in fits and starts BLOOMBERG Shanghai TO GRASP the scale of the challenges facing Chinese leaders in revamping their sprawling and inefficient state-owned enterprises (SOEs),
      BLOOMBERG  -  1,229 words
    • Article
      Lock icon Brexit by 2019, EU parliament negotiator urges
      316 19 AFP Strasbourg, France BRITAIN should trigger its divorce from the EU as soon as possible and formally leave by 2019, the European Parliament’s chief Brexit negotiator Guy Verhofstadt said on Tuesday. Mr Verhofstadt, a former Belgian prime minister, also warned London that it
      AFP  -  316 words
    • Article, Illustration
      Lock icon China industrial output and retail sales rise in August
      690 19 AFP Beijing CHINA’S industrial output and retail sales growth accelerated in August, government statistics showed on Tuesday, with both of them exceeding expectations in encouraging signs for the world’s second-largest economy. Industrial production rose 6.3 per cent year-on-year, the National Bureau
      AFP; PHOTO: AFP  -  690 words
    • Article, Illustration
      Lock icon Philippine officials say US ties remain close despite Duterte’s outbursts
      636 19 AFP Manila THE Philippines assured the United States on Tuesday it will honour its obligations as a military ally following volleys of profane tirades by unpredictable President Rodrigo Duterte. After calling US leader Barack Obama a “son of a whore”
      AFP; PHOTO: AFP  -  636 words
  • Page 19 Advertisements
Page thumbnail Page 20
  • TRANSPORT
    • Article
      Lock icon Regulation of shipping should be kept global
      1004 20  -  Rules that apply only in certain regions create economic inefficiencies and threaten the authority of the IMO, but fixing this will take the IMO into the thicket of high politics STRAIT TALK BY DAVID HUGHES ONCE again, the annual International Chamber of Shipping
      1,004 words
    • Article
      Lock icon China to be first trillion dollar aircraft market: Boeing
      341 20  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SLOWING economy notwithstanding, US planemaker Boeing projects a demand for 6,810 new airplanes in China worth US$1.025 trillion over the next two decades, making the country the first trillion-dollar aviation market in the company’s forecast.
      341 words
    • Article
      Lock icon Malaysia to spend US$1b on improving airports
      232 20 BLOOMBERG Kuala Lumpur MALAYSIA plans to spend about US$1 billion over the next five years to refurbish and expand its airports as the South-east Asian country paces infrastructure growth with a surge in passenger traffic, its main airport operator said. “My main terminal
      BLOOMBERG  -  232 words
    • Article, Illustration
      Lock icon Can new airlines bring Canada’s sky-high fares back to earth?
      1348 20 BLOOMBERG New York TRAVEL nearly anywhere in the world, and you’ll find cheap airlines offering no-frills service, from European giant Ryanair Holdings plc to Peach Aviation Ltd in Japan, Flynas in Saudi Arabia, and Spirit Airlines Inc in the US.
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,348 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      46 20 We arrived at the new decade, and in the mad rush to embrace it, something was left behind: the mirror.” Former Female magazine editor James Siow on today’s dressing among Singaporeans Reflect on Singapore’s fashion future and past Now on sale at leading bookstores and www.stpressbooks.com.sg
      46 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      1926 21 THE BUSINESS TIMES M SfflPPING TIMES 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
      1,926 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      244 21 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 296 PRW017 16/09/2016 17/09/2016 Pelindo/Perawang DAILY Marco Polo 902 BST008 16/09/2016 17/09/2016 Buatan/Buatan DAILY Marco Polo
      244 words
Page thumbnail Page 22
  • OPINION
    • Article
      Lock icon Backsliding in global economic growth looks inevitable
      595 22 EDITORIAL AUTHOR and playwright George Bernard Shaw once said that “if you took all the economists in the world and laid them end to end they still would not reach a conclusion”. This seems evident from the lack of consensus on what has
      595 words
    • Article, Illustration
      Lock icon Poll results show HK should be given greater autonomy
      805 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 REVERBERATIONS from last week’s election in Hong Kong continue to be felt as the former British colony enters a new
      805 words
    • Article, Illustration
      Lock icon US must ensure South China Sea stays open
      1341 22  -  Obama should voice his opposition that any attempt to seize Scarborough would constitute a challenge to the peace and stability of Asia. BY HARRY J KAZIANIS BY HARRY J KAZIANIS T The writer is director of defence studies at the Centre for
      YALEGLOBAL ONLINE; PHOTO: AFP  -  1,341 words
    • Article
      Lock icon Next year’s UK growth will exceed 2% despite Brexit
      751 23  -  COMMENTARY By John Redwood T The writer is member of parliament for Wokingham, chairman of the Conservative Economic Affairs Committee and a former secretary of state for Wales OMFIF London I THINK the British Treasury got its UK economic forecasts about
      OMFIF  -  751 words
    • Article
      Lock icon Segment-of-one marketing: steps to follow to make it pay off
      655 23  -  By Melanie Bockemuehl, Gwendolyn Lim T The writers are partners with Bain Company’s customer strategy marketing practice WITH the proliferation of smartphones and the growing amount of personal data available, a “segment of one” marketing and sales approach is now
      655 words
    • Article, Illustration
      Lock icon Stand taken by SBI Offshore sponsor highly disappointing
      1687 23  -  SGX should review Prime Partners Corporate Finance’s handling of the proposed appointment of 2 directors flagged for potential misconduct. BY MAK YUEN TEEN BY MAK YUEN TEEN T The writer is an associate professor at the NUS Business School, where he teaches
      FILE PHOTO  -  1,687 words
Page thumbnail Page 23
Page thumbnail Page 24
  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Fastest guys in stocks are becoming a force in currencies
      1149 24 Electronic market makers have more than tripled foreign-exchange volumes over the last three years BLOOMBERG New York High-speed electronic market making, already widespread in stocks, is getting a grudging welcome from currency markets. They don’t have much choice. Algorithmic traders
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,149 words
    • Article
      Lock icon Pimco’s Total Return Fund cuts bet on bonds
      718 24 BLOOMBERG New York PACIFIC Investment Management Co’s Total Return Fund, the world’s biggest actively run debt fund, is trimming its bet on bonds. Total Return cut the duration of its holdings to 5.27 years as of Aug 31 from 5.44 years at
      BLOOMBERG  -  718 words
    • Article, Illustration
      Lock icon Wary investors tiptoeing in a fast-paced bull market
      1059 25 Small stocks and EM shares have outperformed blue-chip firms at this stage of a 7-year bull run NYTIMES New York WALL Street seems unable to make up its mind about risk-taking. The market declined sharply on Friday, yet all three major domestic
      NYTIMES; MINH UONG/THE NEW YORK TIMES  -  1,059 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      265 24 Hosted by: InnovationAttitudes Globalisation Digital behaviourWellnessDisruptionAsianConsumerInsightsShoppingTechnology FUTURE WORLDS Expectations 2016 ACI ASIA BUSINESS SUMMIT 8am 5pm 10 October 2016 Stamford Ballroom, Raffles City Convention Centre What will the possible changes and shifts in the Asian consumer market be in the next five to twenty years? This is a crucial question
      265 words
Page thumbnail Page 25
Page thumbnail Page 26
  • LIFE & CULTURE
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      326 26 CRYPTIC CROSSWORD Across 1 The provision of a home for a small charge (8) 6 They are bound to hold different views, for instance (6) 9 Sailor girl, one with unmarried sisters in her care (6) 10 One having a row at end of day in the kitchen (8) 11
      326 words