The Business Times, 16 September 2016

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Total Pages: 28
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Friday, September 16, 2016
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  • 161 1 Singapore’s first startup accelerator is closing its boot camp programme saying that the “global startup ecosystem has evolved and accelerators including JFDI must evolve with it”. TOP STORIES 2 Retailing in the near future will feature augmented reality, humanoid assistants and omni-channel retailing, says Minister for Trade and
    161 words
  • 789 1  - More job-seekers than jobs a first since 2012 Jobless rate among graduates in Q2 at highest since 2009 By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE job market went from bad to worse in the second quarter: job seekers outnumbered job openings for the first time in four years, and
    Sources: Labour Force Survey, Manpower Research & Statistics Dept, MOM  -  789 words
  • 1428 1  -  It accepts wholly proposal to ensure multi-racial representation in the presidency ELECTED PRESIDENCY By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE government has wholly accepted the Constitutional Commission’s recommendation to ensure representation of all races in the presidency, it said in a 49-page
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  • 26 1 Thursday Change STI 2,805.52 -3.83 KL Comp 1,652.99 -8.40 Nikkei 225 16,405.01 -209.23 Hang Seng 23,335.59 +144.95 Shenzhen B 1,177.27 +3.11 Dow(11.45am EDT) 18,174.34 +139.57
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  • Page 1 Advertisements
    • 111 1 *****1 *****1 THE BUSINESS TIMES TALENT APLENTY ON THE SMALL STAGE New, small theatre companies up the ante BT LIFESTYLE 28 MASTER CHRONOMETER CERTIFICATE METAS (Federal Institute of Metrology) certifies thot this individual timepiece has successfully passed the tests to earn the distincton -MASTER CHRONOMETER-*. CONSTELLATION PETITE SECONDE THE FIRST
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    • 12 1 GRAND PRIX Star-struck by F1 ace driver Nico Rosberg TOP STORIES 4
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    • 21 1 JAPANESE PRO-WRESTLING Singapore gets high-flying action bt lifestyle 24 12-STOREY FREEHOLD HAUL Indonesian tycoon buys 110 Robinson Rd real estate /16
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    • 9 1 Elected presidency entrenchment provisions to be revised, Page 2
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  • TOP STORIES
    • 740 2  -  It cites high costs, tight tech talent and immigration curbs here for exit By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE Republic’s first startup accelerator, JFDI, is closing its startup boot camp programme in Singapore. This comes after it has raised some S$3 million to
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    • 775 2  -  But changes won’t come into force until “some time” has passed, to allow for possible refinements in future ELECTED PRESIDENCY By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore FOR a Constitution to be workable, it must remain a living document over time one that continually
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    • 540 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THREE dozen of the world’s largest global agri-businesses have come together to jointly tackle major environmental and social challenges in agricultural supply chains, even as an industry leader has warned of the food and agriculture sector
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    • 724 4  -  He also lays out the Retail Industry Transformation Map that will boost the e-commerce share of total retail receipts SINGAPORE RETAIL By Renald Yeo yrenald@sph.com.sg Singapore THE vocabulary of retailing in the near future will include “augmented reality”, “humanoid assistants” and “omni-channel retailing” as
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    • 462 4  -  Taking away the 36.5% increase in car sales, total sales fell by 3.1% By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore EASING of auto loan rules likely drove up retail sales here in July, as cash tills saw 2.8 per cent more
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    • 68 4 German Formula One driver Nico Rosberg mobbed by autographhunting and selfie-seeking fans on Thursday, ahead of this weekend’s F1 Singapore Grand Prix 2016. At the invitation of iwc Schaffhausen, Mercedes-Benz and Hugo Boss, Rosberg the Mercedes AMG Petronas F1 driver and official IWC Schaffhausen
      PHOTOS: YEN MENG JIIN  -  68 words
    • 703 4  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore REAL estate costs don’t amount to too much if you’re thinking about starting a technology business in Singapore. Relatively speaking. Among 27 cities studied by Knight Frank in its new research, Singapore
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    • 784 4  -  B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WITH its history of buying and integrating South-east Asian banks, UOB is an old hand at bringing different technology systems together. This knack now plays into the bank’s advances in the competitive
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  • Page 3 Advertisements
    • 241 3 Victoria Park Villas The Crown of District 10 9 ft i. v X s c K n; V Hl. m Wk -r f V •x ‘X‘ V* ■m 4 m i t.v: m 1 tt X' v a f-‘ 1 1 V*eps*«i V in v 4 i i 5" mr-
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  • COMPANIES & MARKETS
    • 486 5  -  By nishar@sph.com.sg Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Technologies (ST) Engineering president and chief executive Tan Pheng Hock will relinquish his position on Sept 30, with successor Vincent Chong slated to take over from Oct 1. In addition,
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    • 764 5  -  Report is in relation to the purchase and sale of a 35% stake in a China company By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AHEAD of a crunch shareholder vote on a boardroom shakedown on Friday, SBI Offshore has
      764 words
    • 923 6  -  But CEO says privatisation will give SMRT more room to push ahead By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore WHATEVER the outcome of state-in-vestor Temasek Holdings’ offer to take mainboard-listed SMRT Corporation private, the transport operator will still carry out restructuring
      PHOTO: LIANHE ZAOBAO  -  923 words
    • 1116 6  -  HOCK LOCK SIEW By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT WHILE debt woes have continued to plague the offshore marine sector since the fallout of Swiber Holdings, concerns over the health of the local bond market have risen. It is no surprise that the
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    • 489 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MAINBOARD-LISTED companies DBS and Singapore Press Holdings (SPH) have announced several fresh investments in startups, as part of efforts to engage up-and-coming entrepreneurs and technologies. DBS Foundation (the bank’s corporate foundation
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    • 439 7  -  Sale is in line with its property arm’s strategy to continually recycle assets for higher returns By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore PROPERTY and rigbuilding group Keppel Corporation has sold its stake in a Shanghai mixed-use development that will reap its subsidiary
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    • 395 7  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CNMC Goldmine Holdings’ share price, which has soared 184 per cent so far this year, could double in a year, according to a local brokerage. Shares in the Malaysian gold producer could reach S$
      Source: Bloomberg  -  395 words
    • Article, Illustration
      64 8 STI Catalist Straits Times Index Sept 15,2016 2,805.52 -3.83 (-0.14%) Current streak 4 days Day high 2,809.55 Day low 2,791.38 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 15, 2016 436.22 -1.48 (-0.34%) Current streak 1 day Day high 438.58 Day
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    • 618 8  -  Short-covering help it finish at 2,805.52, a net loss of only 3.83 points STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index had a volatile session on Thursday when it first dropped 17 points to an intraday low of 2,791
      Source: Bloomberg  -  618 words
    • 302 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 +3 241/237 257 209 6.4 6697.9 CapitaCom Trust 155.5 -1 157/155 164 127 5.5 4606.8 CapitaLand 310 unch 311/307 340 267 12.4 2.9 *****.2 CapitaMall Trust 207 unch 207/205 225 185
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    • 33 8 VOLUME Annica 219,300,000 Noble 92,340,600 KrisEnergy 62,521,900 Ezra 58,852,000 Singtel 40,070,800 Market volume 1,535,215,000 VALUE Singtel 154,452,792 DBS Grp 87,740,565 UOB 83,492,154 OCBC Bank 73,400,369 Jardine C&C 70,156,635 Market value 1,268,898,000
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    • 109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 286 -1 667 286/284 314/254 285/286 DBXT MSINDO us$ US1411 +40 76 1411/1362 1534/911 1405/1410 DBXT MSRussia US$ US208 48 208/207 217/129 207/208 IS MS INDIA US$ US727 43 730/726 772/575 727/730 90.9 DBXT
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    • 77 8 Sep 15 VALUE CLOSE BT OB/OS -83.00 -28.00 BT CADI -*****.00 -58.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 678.70 -1.49 FTSE ST Small Cap 379.91 -1.15 FTSE ST All Share 691.59 -0.55 FTSE ST China Top 158.49 +1.07 FTSE ST China 190.89 +0.58 FTSE
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    • 36 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 15, 2016 691.59 -0.55 (-0.08%) Current streak 4 days Day high 692.34 Day low 689.04 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE index Sept 14,2016 1,672.74 -4.62 (-0.28%) Current streak 5 days Day high 1,678.33 Day low 1,668.95 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 3 0 0 1 5 6 4 Manufacturing 24 40 23 11 4 11 35 44 34 Commerce 16 17 15 1 2 6 17 19 21 Tpt/Stor/Comms 11 12 10
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    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,652 78 22,730 82,306 13 82,319 Manufacturing 94,075 243,827 337,902 99,034 1,413 100,447 Commerce 112,513 16,761 129,274 144,200 624 144,824 Tpt/Stor/Comms 148,922 1,075 149,997 254,917 107 255,024 Finance 39,716 84 39,800 276,262 11 276,273 Construction
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    • 73 8 BY CENTS CLOSE UP 52w high/low Jardine C&C 4200 115.0 2.8 4520/2636 Lyxor ThaiSET US$ ***** 113.6 0.7 *****/9646 DBXT MSINDO us$ 1411 54.7 2.9 1534/911 JMH USD 6069 35.6 0.4 6371/4500 Hyflux 6% CPS 9700 30.0 0.3 *****/9200 BY PERCENTAGE CLOSE UP 52w high/low CPH 0.5 25.0 0.1
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    • 74 8 BY CENTS CLOSE DOWN 52w high/low DBXT E50 US$ 4455 -151.9 -2.4 5000/3918 SPDR S&P500 US$ ***** -140.9 -0.5 *****/***** DBXT iBoxxSig SG$ ***** -118.0 -0.8 *****/***** DBXT MSEurope US$ 5387 -90.3 -1.2 5733/4770 GLD US$ ***** -88.9 -0.5 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotive 0.2 -50.0
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    • 78 8 VOL CLOSE($) CHANGE FJ Benjamin 2,409.0 0.041 -0.009 -18.00 Casa 480.1 0.090 +0.010 +12.50 KrisEnergy 62,521.86 0.095 +0.007 +7.96 United Food 489.0 0.032 -0.005 -13.51 Eucon 220.0 0.018 +0.003 +20.00 HuanHsin 70.0 0.003 -0.003 -50.00 ITE Electric 4,759.4 0.080 -0.005 -5.88 Koda 116.0 0.640 +0.020 +3.23 NutryFarm 32.0
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    • BROKERS’ TAKE
      • 185 8 Fair value: S$1.40 Sept 15 close: S$1.655 OCBC Investment Research, Sept 15 SMRT Corp will be holding two key meetings on Sept 29: an extraordinary general meeting in relation to the proposed sale of rail operating assets as part of the transition to the new rail
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      • 252 8  -  Compiled by Kenneth Lim Target price: S$1.24 Sept 15 close: S$1.135 Daiwa Capital Markets, Sept 14 We attended a few investor meetings with Ascott Residence Trust (ART) during Daiwa’s Pan Asia Reit Day in Tokyo on Sept 8, 2016. We highlight some of what we see
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    • 9 8 DATA I Sept 16 S’pore non-oil domestic exports
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    • 379 9 CURRENCIES REUTERS London THE yen inched higher on Thursday with investors seeking safe havens as stock markets hit two-month lows, although major currency pairs were otherwise little changed after the first of a batch of major central bank policy decisions. The Bank
      REUTERS  -  379 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Sep 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 4.982 0.665 5.792 50.045 98.455 0.765 8.460 3.097 1.029 77.996 35.693 1.022 10.723 0.728 23.741 26.070 0.565 0.747 Canada 1.013 5.049
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      • Article, Illustration
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      • 155 9 Sep 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0210 1.0224 0.7463 0.7468 Canadian dollar 1.0349 1.0359 0.7567 0.7564 Euro 1.5361 1.5375 1.1228 1.1231 NZ dollar 0.9927 0.9938 0.7256 0.7259 Sterling pound 1.8073 1.8093 1.3210 1.3216
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      • 22 9 Sep 15 S$ Bid Offer 1-month 1.3680 1.3691 2-months 1.3681 1.3692 3-months 1.3682 1.3693 6-months 1.3684 1.3696 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 206 9 Most active Sep 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 12.2 0.7 6431 0.0 0 DBS MB eCW*****1 10.1 -0.4 5036 0.1 1550 5 UOB MB eCW*****1 10.5 -0.3 4504 0.1 1880 5
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 14 Index Change Change Change Change Change Change World Preliminary 1285.9 0.1 0.6 0.1 -1.9 0.1 2.0 EAFE Preliminary 957.3 -0.2 -5.5 -0.3 -6.3 -0.3 -2.5 Europe Preliminary 1372.9 -0.1 -2.8
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      • 382 9 Sep 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9527.50 9577.50 9495.00 9550.00 ***** *****4 Oct16 9522.50 9590.00 9510.00 9555.00 665 ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar17 *****.00 *****.00 *****.00 *****.00 174 684 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Sep 15 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.05 US$ 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
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      • 65 9 Sep 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.08 5-Year NX*****X 2.250 01-Jun-21 104.03 10-Year NX*****F 2.125 01-Jun-26 101.83 102.50 101.98 15-Year NZ*****F 2.875 01-Sep-30 107.85 108.00 107.75 20-Year NZ*****X 2.250 01-Aug-36 99.34 99.80 99.50 30-Year NA*****H
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    • AGRI METALS ENERGY
      • 193 9 Sep-14 Price Net change change Last Trade Agricultural Sep-14 CBOT Soybeans (US cents/bu) 972.00 3.75 0.39% 14/09/2016 CBOT Soybean Oil (US cents/lb) 31.50 -0.05 -0.16% 14/09/2016 CBOT Wheat (US cents/bu) 376.75 2.00 0.53% 14/09/2016 Sep-14 LIFFE Cocoa (£/tonne) 2245.00 30.00 1.35% 15/09/2016 LIFFE Coffee (US$/tonne) 1933.00 -3.00 -0.15%
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      • 53 9 Sep 15 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 16 2833.0 1549 Oct 16 2650.0 2718.0 2737.0 2643.0 2582 ***** Nov 16 2553.0 2594.0 2610.0 2553.0 ***** ***** Dec 16 2520.0 2565.0 2581.0 2520.0 ***** *****
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    • 3894 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 -0.5 75 142 141.5 0.9 8 901.8 Div 144 101 ARA Asset Mgmt 135.5 -0.5 279 136.5
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    • 273 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 46.5 29.5 t Advancer Global 44.5cd +1.5 1080 45 43.5 17.7 77.1 LOW Company Sale 19.9 8.3 t Anchor Resources 10 -0.2 5696 10.4
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    • 136 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 86.4 69.1 CIMB APAC Div US$ US79.7 -0.3 10 79.7 79.7 8.4 vol 3240 2355 DBXT China50 US$ US3129 +5 2 3129 3129 8.6 391 190 DBXT MSBrazil US$
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  • Page 5 Advertisements
    • 184 5 Strength. Unity. Global. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is Japan's premier bank offering an extensive scope of commercial and investment banking services to businesses, governments and individuals worldwide. BTMU is a member of the Mitsubishi UFJ Financial Group Inc. (MUFG), one of the most comprehensive financial groups in
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  • Page 7 Advertisements
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  • Page 10 Advertisements
    • 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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  • BANKING & FINANCE
    • 897 11 investors in yield chase are investing in complex products that helped cause the financial crisis BLOOMBERG London IN a world of rock-bottom interest rates and negative bond yields, maybe it was bound to happen. Products synonymous with the credit crisis such
      BLOOMBERG  -  897 words
    • 233 11  -  By Tan Effie taneffie@sph.com.sg Singapore THE UBS Master in Wealth Management Programme presented its first graduates at a ceremony at the UBS Business University on Wednesday. Held at the historic Former Command House in Singapore, the ceremony saw 16 graduates who were officially
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  • Page 11 Advertisements
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  • ENERGY & COMMODITIES
  • Page 12 Advertisements
    • 1564 12 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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    • 473 12 In the Matter of The Companies Act, Cap. 50 And In The Matter of Ban Kim Lee Development Pte Ltd. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****3548W) At an Extraordinary General Meeting of the Company on 9th September 2016, the following Resolutions were duly passed by way of written
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  • TECHNOLOGY
    • 957 13 His deadline of 90 days for product portfolio decisions avoids mistakes of past mergers that dragged on BLOOMBERG Helsinki AFTER gaining control of French network equipment rival Alcatel-Lucent SA in January, Rajeev Suri put his team at Nokia Oyj on a tight schedule: in
      BLOOMBERG  -  957 words
    • 832 13 NYTIMES New York THE Wi-Fi kiosks in New York were designed to replace phone booths and allow users to consult maps, maybe check the weather or charge their phones. But they have also attracted people who linger for hours,
      NYTIMES; PHOTO: NYTIMES  -  832 words
  • Page 13 Advertisements
    • 259 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CORPORATE SPECIALISTS PTE. LTD. (In Members’ Voluntary Liquidation) At an Adjourned Extraordinary General Meeting of members of Corporate Specialists Pte. Ltd. duly convened and held at 1 Kaki Bukit Road 1 #02-44 Enterprise One, Singapore *****4,
      259 words
    • 363 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FORTUNE INFORMATION SYSTEMS (S) PTE LTD Company Registration No. *****1753Z (In Members’ Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting
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    • 266 13 NOTICES Te l 6 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 a s s c o m s g EmpText
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    • 556 13 Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act. IXORA INVESTMENTS LIMITED (InVoluntary Liquidation) Company No. *****4 NOTICE is hereby given pursuant to Section 204, subsection 1(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation
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  • CONSUMER
    • 795 14 First-half profit will fall about 45 per cent; Chinese demand that had supported the market collapses BLOOMBERG Geneva FOR over a century, Cartier has sold elegant, if simple, timepieces such as the Tank, which starts around US$2,500 affordable by Swiss watch
      BLOOMBERG; FILE PHOTO  -  795 words
    • 631 14 REUTERS London TWO major record labels are rolling out a low-priced music streaming service in the UK, a rare foray by record companies directly into the field and another sign the industry is finally moving towards more flexible pricing. Now That’s
      REUTERS; FILE PHOTO  -  631 words
    • 623 14 BLOOMBERG New York THE bankruptcy of golf retailer Golfsmith International Holdings Inc brings another round of suffering to the world’s biggest athletic brands, which are still reeling from the shutdown of Sports Authority Inc earlier this year. Nike Inc, Adidas AG
      BLOOMBERG; PHOTO: HEADLINE SEOUL  -  623 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 540 15 growthgreaterPoisedfor The 43 newly crowned SPBA winners stood out with their proven brand strategies and outstanding achievements. This distinguished recognition signifies a leap forward in their branding journey. The winners include brands from food and beverages, retail, manufacturing, construction and other industries. The overall winners of the various categories, with
      540 words

  • REAL ESTATE
    • 655 16  -  Controversial scheme highlights the lack of coordination among ministries, analysts say By Pauline Ng btworld@sph.com.sg Kuala Lumpur AMID a growing debate over the feasibility of allowing developers a licence to finance home buyers, ratings agencies caution that the move could add
      655 words
    • 787 16  -  Price works out to S$3,169 psf; six retail units in Holland Village and four office units at The Adelphi also transacted By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A STRING of commercial property transactions has taken place recently. These include a
      FILE PHOTOS  -  787 words
    • 980 17  -  ECs took up 41% of the total 805 residential units sold by developers in the month; tepid sales coincided with the Hungry Ghost Festival By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore EXECUTIVE condominiums (ECs) turned out to be best selling projects in August amid
      Source: URA  -  980 words
  • Page 16 Advertisements
    • 289 16 Most Coveted Penthouse: The Sail Marina Bay If H»H re Rent. $26,900/mth For Jerry Lum Mobile 8288 0098 Estate Agent License No: Snr Marketing Director Licence No.: L*****82K mba, ces View jerrylum.myweb.sg ERA where You Buy sen. Rent CEA Lie No R*****6D INVESTMENT OPPORTUNITY IN JAPAN Shop Space inGINZA, TOKYO
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  • Page 17 Advertisements
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  • TRANSPORT
    • 911 18 Car slammed into a road sweeper on a highway; Tesla unable to determine if Autopilot was active then NYTIMES New York TESLA Motors came under renewed questioning about the safety of its autopilot technology after news emerged on Wednesday of a fatal crash
      NYTIMES  -  911 words
    • 583 18 REUTERS Washington FORD Motor Co’s 2017 financial performance will decline from this year as it increases spending on “emerging opportunities” such as self-driving cars and other costs rise, the No 2 US-based carmaker said on Wednesday. Ford, like most of its chief
      REUTERS; PHOTO: REUTERS  -  583 words
  • Page 18 Advertisements
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  • GOVERNMENT & ECONOMY
    • 742 19 It will keep its bond-buying programme target at £435 billion and will continue with its new plan to buy up to £10 billion worth of corporate bonds REUTERS London THE Bank of England (BOE) said on Thursday that it was still
      REUTERS  -  742 words
    • 626 19 Residents seek US brands; politicians and business people herald a new era of transparency and trade AFP Yangon MYANMAR cheered a US promise to end sanctions on Thursday, with residents in its commercial capital clamouring for American brands while politicians and business moguls
      AFP; PHOTO: AFP  -  626 words
    • 631 19 REUTERS Mumbai INDIA’S finance ministry swatted down a media report on Thursday of a possible devaluation of the rupee, dismissing lobbying by struggling exporters seeking a competitive boost from a cheaper currency. The rupee weakened 0.28 per cent to 67.0750 to the
      REUTERS  -  631 words
  • Page 19 Advertisements
    • 257 19 NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MEAG PACIFIC STAR ASIA PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****2141W) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50) the Final
      257 words
    • 168 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF UNIVERSAL MUSIC (S) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6017H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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  • OPINION
    • 567 20 EDITORIAL NEWS that the government is reviewing the Central Provident Fund Investment Scheme (CPFIS) should come as no surprise, given declining participation in the scheme, along with poor returns. As Deputy Prime Minister Tharman Shanmugaratnam noted on Tuesday, more than 80 per cent
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    • 755 20  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington AMERICA is on the mend. Witness the good news in the latest version of the nation’s “economic report card”: the Census Bureau’s annual estimates of the median household income
      THE WASHINGTON POST WRITERS GROUP  -  755 words
    • 1299 20  -  Others would do well to study how the Republic’s economy developed. BY RAMKISHEN S RAJAN T The writer is professor of economics at ESSEC Business School, Asia-Pacific, in Singapore AGAINST the backdrop of a highly challenging external environment, Singapore is itself going through a significant
      PHOTO: REUTERS  -  1,299 words
    • 1034 21  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics EUROPEAN political leaders, minus UK Prime Minister Theresa May, meet on Friday in Bratislava, Slovakia, on
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    • 658 21  -  COMMENTARY By Bob Bischof London LIAM Fox, the British Secretary of State for International Trade, has put his finger squarely but not fairly on the biggest headache Britain has had for years. In comments to the right-wing Conservative Way Forward
      658 words
    • 199 21  -  LETTER TO THE EDITOR Gerald Ong PrimePartners Corporate Finance Pte Ltd WE refer to “Stand taken by SBI Offshore sponsor highly disappointing” (BT, Sept 14). PrimePartners Corporate Finance is one of the pioneer batch of full sponsors authorised by the Singapore Exchange since
      199 words
    • 1253 21  -  notwithstanding optimism about Chinese oil imports, there are three key risks that could result in oil demand growth slowing in the foreseeable future. BY BARNABAS GAN BY BARNABAS GAN T The writer is economist, treasury research strategy, global treasury, at OCBC Bank ONE of
      Sources: Bloomberg; China Customs General Administration; OCBC Bank; PHOTO: REUTERS  -  1,253 words
  • Page 20 Miscellaneous
    • 135 20 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 chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)
      135 words


  • Page 22 Advertisements
    • 1934 22 C a i l a n ~E n n o B r i s b a n e r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o NYK RORO (ASIA) PTE. LTD. n
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    • 244 22 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 17/09/2016 18/09/2016 Pelindo/Perawang DAILY Marco Polo 122 PRW005 17/09/2016 18/09/2016 Perawang/Perawang DAILY Marco Polo
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  • Page 23 Advertisements
    • 512 23 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:
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  • CITY LIFE
    • 719 24  -  Top stars are set to dazzle fans with their unique brand of story-telling through high-flying action when NJPW holds its first-ever full-length show in Singapore on Nov 15. By SHARON LEE By SHARON LEE leecmei@sph.com.sg T Wrestling World 2016 takes place at Hall B,
      MAIN PHOTO: SHARON LEE; PHOTO: SHARON LEE; PHOTO: SHARON LEE  -  719 words
    • CITY BUZZ BT writers'picks of what to see, do or talk about
      • 203 24  -  By Dylan Tan MUSIC F1 Concerts THE Singapore Grand Prix isn’t just for those who like fast cars; the off-track concerts are attractions by themselves too if this year’s line-up is anything to go by. Headlining the Padang stage which has been revamped for an improved concert-going experience
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      • Article, Illustration
        178 24  -  By Avanti Nim F1 Party IF you’re not into the dust-wrenching high-voltage action of the Grand Prix but would love to rub shoulders with the men in racing helmets, Amber Lounge is your best bet. Established in Singapore the same year as the Night Race, this party destination is
        178 words
      • Article, Illustration
        197 24  -  By Rachel Loi Braci ITALIAN serial-restaurateur Beppe De Vito has struck again, this time with a modern Italian restaurant and rooftop bar in Boat Quay named Braci (below), which means "ember" in Italian. Its menu is inspired by charcoal, and this is the main cooking method used in the
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      • Article, Illustration
        209 24  -  By Tay Suan Chiang Hop on the Erdinger BARcycle DRINKING at the bar counter is so last year. Erdinger, the world’s most popular brand of wheat beer, is introducing the BARcycle (above) to Singapore at this year’s Oktoberfest. The BARcycle is a mobile counter-top bar that comes equipped
        209 words
      • Article, Illustration
        163 24  -  By Cheah Ui-Hoon “Why are we doing what we are doing?” A GROUP photography exhibition by seven contemporary artists explores the creative process of their art form, questioning everything from the technical aspects to subject matter. What with the rapid development of the Internet and technology, there’s no
        COURTESY OF AGAN HARAHAP AND MIZUMA GALLERY  -  163 words
      • 138 24  -  By Cheah Ui-Hoon Learn bookbinding DO you want a supple, calf-skin leather-bound journal? Learn to bind your own leather wraparound books at The Thistle Bindery’s workshop on Sept 17, 11am-1pm. Organised in collaboration with Noise Singapore 2016, participants will learn to differentiate types of leathers, sew papers together
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  • WINE/DINING
    • 929 25 Each wine lover/drinker needs to create their own wine quality-scale. BY NK YONG THE arrival of The Wine Advocate in 1983 changed the world of the wine press, reviews and tasting notes. Before them, the review scene was dominated by the English wine writers, led by
      PHOTO: BLOOMBERG  -  929 words
    • 708 25  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT UNLIKE its name, London Fat Duck does not get its poultry from the rolling meadows of the English countryside. Instead, this roast duck restaurant gets them from Ireland from a family-owned business called Silver Hill
      FILE PHOTO  -  708 words
  • Page 25 Advertisements
    • 26 25 Get rid of the new neighbours Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
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    • 27 25 21 y www.omy.sg MY SINGAPORE FUTURE MICRO FILM COMPETITION 9H17B&24B a tmmi Micro Film Competition 2016 Workshops Date: 17 and 24 September SCANS. JOIN S 0L microfilm.zaobao.com
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    • 224 25 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
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  • Page 25 Miscellaneous
    • 318 25 CRYPTIC CROSSWORD Across 1 Good cast will accept a cut (6) 5 Raised the sack, putting insect in (8) 9 Will they keep the viewers in touch? (7,6) 10 Authoritative book about poor dad being compliant (8) 11 Relocating North Yemen’s capital is causing problems (6) 12 Obstruction mainly by
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  • ARTS
    • 542 26  -  Singapore’s high-end art cluster seeks to expand its goals beyond that of selling art. BY HELMI YUSOF helmi@sph.com.sg @HelmiBT IF Gillman Barracks had started off with a bang in September 2012, the subsequent years saw its fortunes wax and wane. The year 2015
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    • 385 26  -  By Helmi Yusof Supermama Porcelain Festival From Sept 16 to Oct 31 Block 47, Malan Road Lifestyle store Supermama is holding its inaugural porcelain festival, showcasing porcelain as giftware, homeware and objet d’art. The festival will take place at two locations its flagship store in Beach Road and
      385 words
    • 529 26  -  By Cheah Ui-Hoon uihoon@sph.com.sg IN 2014, anti-immigrant sentiments dogged local headlines. For playwright Chong Tze Chien, it drew comparisons to Germany, before the rise of Hitler. “If you read about it, this is the sentiment that was prevalent at the time before
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    • 544 26  -  SINGAPORE INTERNATIONAL FESTIVAL OF ARTS By Helmi Yusof helmi@sph.com.sg @HelmiBT ONG Keng Sen’s 1997 Lear broke new ground for the way it blended various Asian performance idioms into one seamless tale. It brought him international fame or notoriety depending on which side of the intercultural performance fence
      PHOTO: JUN ISHIKAWA  -  544 words

  • ARTS/CINEMA
    • 652 27  -  The leads of the musical Wicked explain how their off-stage bond has contributed to the production and how their characters help to bring out the best in each other. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg WITH the usual male-female pairing dropped in favour of two
      PHOTOS: MATT CROCKETT  -  652 words
    • 509 27  -  By Geoffrey Eu Wild Oats, a tepid comedy about two elderly women who make hay while the sun and opportunity shines, is no match for what actually happened behind the scenes as the producers struggled to secure financing and confirm the
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    • 591 27  -  By Geoffrey Eu THE search for Mr Right is never easy even if he’s right there in front of you, displaying impeccable manners and wearing shiny armour. Just ask Bridget Jones, the eternal singleton with a dismal relationship record, bad fashion sense and low resistance
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  • BT Lifestyle
    • 1227 28  -  In recent years, there’s been a proliferation of new, small theatre companies. Just don’t call them “amateurs”. BY HELMI YUSOF helmi@sph.com.sg @HelmiBT JASDEEP GILL is a 23-year-old law student at the University of Oxford. But when he’s not pondering contract, tort and criminal laws,
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    • 424 28  -  By Helmi Yusof EURYDICE By Couch Theatre From Sept 22 to 25 Drama Centre Black Box Tickets from Sistic A loose take on the Greek myth of Orpheus, Sarah Ruhl’s acclaimed 2003 play tells the strange and funny tale of Eurydice, a woman who dies on her
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