The Business Times, 19 September 2016

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1 24 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Monday, September 19, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    227 1 Palm oil companies under pressure to improve the transparency of their supply chain are now focusing on traceability as the next frontier in their sustainability efforts. TOP STORIES 2 The app Musical.ly hasn’t just found the coveted teenage audience; it may have overshot it. And it points to
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,827.45 -45.88 KL Comp 1,652.99 -33.45 Nikkei 225 16,519.29 -446.47 Hang Seng 23,335.59 -764.11 Shenzhen B 1,177.27 -12.99 Dow 18,123.80 +38.35
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  • Article, Illustration
    Lock icon Rain, govt and firms keep haze at bay
    1303 1  -  Aside from the increased rainfall, plantation firms have launched initiatives in fire prevention, preparation and recovery By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PLANTATION companies in the palm oil and pulp paper sectors are not breathing easy this time of the year. The
    Source: APRIL Estate daily weather data  -  1,303 words
  • Article, Illustration
    Lock icon Rosberg wins S’pore GP, opening 8-point lead
    773 1  -  By samuelee@sph.com.sg Samuel Ee samuelee@sph.com.sg Singapore ZIKA and the haze failed to have an impact on the ninth edition of the Singapore Grand Prix but the sluggish global economy did, in a mostly incid-ent-free race won by Nico Rosberg of Mercedes. Trailing just
    PHOTO: REUTERS  -  773 words
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      256 1 *****1 *****1 NEW CHEF Mathieu Escoffier brings stability and discipline to Saint Pierre DINING OUT 23 WAR AGAINST AEDES MOSQUITO This fight is everybody’s business VIEWS FROM THE TOP 14 TUDOR BLACK BAY DARK Housed in a black PVD-coated stainless steel case, TUDOR in-house movement MT5602 offers a 70-hour power
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      14 1 EMERGING ENTERPRISE AWARDS Benjamin Barker, Innovfusion and ShopBack clinch top awards TOP STORIES 2
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      12 1 Haze faze: more reports, Page 2 More S’pore GP reports, Page 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Women behind EE winner’s success
      739 2  -  By Renald Yeo yrenald@sph.com.sg Singapore THEY say that behind every successful man is a woman, but in the case of Nelson Yap, founder and managing director of Benjamin Barker, it should be “women” instead. The homegrown menswear label was one of three triumphant firms to
      PHOTO: ARTHUR LEE  -  739 words
    • Article, Illustration
      Lock icon Palm oil firms pursue traceability to bolster sustainability efforts
      877 2  -  For greater transparency, they’re mapping out their supply chain beyond the mill level and extending it to the plantation level HAZE FAZE By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PALM oil companies, under pressure to improve the transparency of their supply chain,
      Source: Wilmar International  -  877 words
    • Article
      Lock icon Solution to forest fires must be multi-pronged: observers
      418 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore MUCH more work remains in addressing the root causes of forest fires in Indonesia given the complex landscape, with a multi-pronged approach needed, say industry observers. Suggestions they put forth range from addressing rural poverty through
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    • Article, Illustration
      Lock icon Attendance falls amid weaker economic environment
      448 4  -  73,000 spectators watched race daily, compared to last year’s 87,000 and 100,000 at 2008’s inaugural event; extension for venue beyond 2017 could be on cards if terms are right SINGAPORE GRAND PRIX By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A WEAKER global economy and slower
      PHOTO: YEN MENG JIIN  -  448 words
    • Article, Illustration
      Lock icon 2012: Olam fights stains of Muddy Waters
      322 4  -  F&N takeover for the history books; Europe deals with debt crisis. BY KENNETH LIM NVESTMENT firm Muddy Waters published a critical report about commodities trader Olam International in November, the first time a prominent Singapore-listed company had come under a publicised short-sell-ing attack.
      BT Graphics: Angeline Ngiam  -  322 words
    • Article, Illustration
      Lock icon Team Sauber revs up for a fresh start
      758 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TEAM Sauber is driving towards a stronger new start as it emerges fresh from a team buyout. The Formula One team narrowly escaped extinction after Switzerlandbased Longbow Finance acquired the team in July, capping a tumultuous
      ST FILE PHOTO  -  758 words
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      89 3 of the world ■H 1 Our view 1 > f helps investors see the way forward. \!ssuiuin uunm J bjH!!!!, Our investment process is anchored by our macro outlook for the global economy, financial markets, central bank policy and geopolitical dynamics. Our understanding of these forces and their impact on
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      67 4 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
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      268 5 3 cv -ts i, k n^-N 1/ k. Z?v o StarHub *> Jeetu Mahtani Managing Director, Global Bwiness Development HubSpot-i Adeline Quek Regional Lead Grab for Work gg »r-, r r~ your business ASbarHub HubSp>6t Free 3GB local data upsize S$150 handset discount* A Member of PetroChina Enjoy up to
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Course set for becoming best tanker operator
      1231 6  -  AET Tankers president subscribes to high standards of safety and reliability. TOPLINE BY TAN HWEE HWEE hweetan@sph.com.sg @HweetanBT THE oil shipping arm of Petronas-owned MISC, AET Tankers, has one goal in mind. Rajalingam Subramaniam, or Capt Raja as he is known in the
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    • Article
      Lock icon 60 firms back statement of excellence in governance
      655 6 SIAS CORPORATE GOVERNANCE WEEK 2016 Singapore THE Securities Investors Association (Singapore), or SIAS, is holding the seventh Singapore Corporate Governance (CG) Week, themed “Change and Innovation in Governance”, on Sept 26-30. Organised by SIAS, CG Week is endorsed and supported by the
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    • Article
      Lock icon Dyna-Mac says S$1m misappropriated at its unit, files police report
      221 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MAINBOARD-LISTED Dyna-Mac Holdings Ltd has lodged a police report in relation to suspected criminal conduct involving misappropriation of funds amounting to about S$ 1 million by a former employee of a subsidiary. “Upon the
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    • Article, Illustration
      Lock icon Affording information security
      933 7  -  Security budgets have risen, raising concerns about affordability, but the cost of data breach can be huge. SID BOARDROOM SINGAPORE I,™” MATTERS BY LYN BOXALL T The writer is a member of the professional development committee of the Singapore institute of Directors. T For more articles, go
      PHOTO: FREE IMAGES  -  933 words
    • Article
      Lock icon SBI Offshore independent non-executive director quits
      348 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SBI Offshore Ltd’s independent non-executive director Basil Chan, who was appointed in February 2015, has resigned with effect from Saturday (Sept 17). In a filing to the Singapore Exchange on Sunday, the group said following the resignation, Mr
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    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      63 8 STI Catalist WEEKLY Straits Times Index Sept 16,2016 2,827.45 -45.88 (-1.60%) Current streak 1 day Week high 2,827.45 Week low 2,805.52 52-week high 3,068.46 (Oct 23, 2015) 52-week low 2,539.95 (Feb 12,2016) FTSE ST Catalist index Sept 16,2016 429.32 -12.72 (-2.88%) Current streak 2 days Week high 437.70 Week low
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    • Article, Illustration
      Lock icon All eyes on the Fed this week
      645 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT Although it was weak oil that derailed Wall Street on Friday and the Department of Justice has demanded an unprecedented US$14 billion from Deutsche Bank for the latter’s role in selling junk US mortgage-backed securities during the
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    • Article
      Lock icon STI STOCKS
      302 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 -9 245/237 257 209 6.4 6642.3 CapitaCom Trust 158 -3.5 160.5/155 164 127 5.5 4680.8 CapitaLand 312 -6 315/307 340 267 12.5 2.9 *****.7 CapitaMall Trust 208 -6 213/205 225 185
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 588,207,500 Annica 338,270,000 Ezra 290,362,500 Magnus Energy 209,421,400 Singtel 134,768,700 Market volume 6,561,144,000 VALUE Singtel 523,691,218 UOB 382,648,894 DBS Grp 320,268,864 OCBC Bank 231,999,558 JMH USD 170,012,512 Market value 4,768,617,000
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    • Article
      Lock icon SGX ETFs
      111 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 289 -2 3111 290/284 314/254 286/288 DBXT MSPHILS US$ US205.7 -0.1 574 208.4/201.6 222.5/158.5 202.6/203.4 16.5 DBXT MSINDO us$ US1411 -18 362 1433/1351 1534/911 1411/1416 IS ASIA HYG US$ US1077 -3 258 1091/1075 1116/977
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    • Article
      Lock icon COMPANY MEETINGS
      133 8 COMPANY MEETING PLACE DATE TIME Blue Sky Power E S'pore Land Tower (Lvl 30) 50 Raffles Place 20-Sep 11.00am Ezra Hldgs E 51 Shipyard Road 22-Sep 2.30pm E Singapore 22-Sep 3.00pm Isec Healthcare E Alumni Association The Alumni Medical Centre 2 College Road 22-Sep 12.30pm S'pore Exchange A
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 16 VALUE CLOSE BT OB/OS -20.00 +63.00 BT CADI -*****.00 +13.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 682.24 +3.54 FTSE ST Small Cap 380.61 +0.70 FTSE ST All Share 695.32 +3.73 FTSE ST China Top 158.47 -0.02 FTSE ST China 192.06 +1.17 FTSE
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      Lock icon STI / FTSE ST All-Share WEEKLY
      37 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Sept 16, 2016 695.32 -10.84 (-1.54%) Current streak 1 day Week high 695.32 Week low 691.59 52-week high 739.01 (Oct 23, 2015) 52-week low 629.34 (Feb 12, 2016)
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      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Sept 16,2016 1,664.77 -42.50 (-2.49%) Current streak 1 day Week high 1,689.24 Week low 1,664.77 52-week high 1,777.37 (Oct 23, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 9 1 0 1 0 7 10 1 Manufacturing 30 74 22 15 14 15 45 88 37 Commerce 18 31 12 4 7 5 22 38 17 Tpt/Stor/Comms 7 23 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 80,073 622 80,695 245,985 101 246,086 Manufacturing 360,511 504,871 865,382 411,013 6,930 417,943 Commerce 696,395 87,849 784,244 483,048 2,765 485,813 Tpt/Stor/Comms 640,038 3,270 643,308 869,809 325 870,134 Finance 197,607 124 197,731 1,037,928 17 1,037,945 Construction
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low Hyflux 6% CPS 9737 107.0 1.1 *****/9200 DBXT S&P Short US$ 1963 45.0 1.7 2362/1930 DBXT MSTHAI US$ 1958 24.5 0.9 2107/1419 Poh Tiong Choon 109 24.5 29.0 111/64 S i2i 158 23.0 17.0 214/59 BY PERCENTAGE CLOSE UP 52w high/low Serrano 2.1
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ ***** -1243.0 -7.0 *****/9646 SPDR S&P500 US$ ***** -707.6 -2.4 *****/***** DBXT MSKorea US$ 5685 -295.8 -3.7 6041/4629 DBXT Nifty50 ETF10 ***** -274.0 -1.5 *****/***** GLD US$ ***** -269.9 -1.6 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Vashion 0.7 -74.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE USP Group 279.1 0.088 -0.009 -9.28 Serrano 105.4 0.021 +0.009 +75.00 Nico Steel 880.0 0.008 +0.003 +60.00 Metech Intl 4,046.9 0.004 +0.001 +33.33 Raffles Edu 14,138.9 0.179 -0.009 -4.79 RickmersMaritime 6,518.4 0.056 -0.005 -8.20 Nam Lee Metal 2,082.1 0.390 +0.020 +5.41 Nippecraft 62.0 0.030 +0.005
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    • Article, Illustration
      Lock icon Oil falls to multi-week lows on glut worry; petrol up on outages
      466 8 COMMODITIES REUTERS New York CRUDE oil prices fell 2 per cent on Friday to multi-week lows as swelling Iranian exports reinforced fears of a global glut, while petrol rallied on refinery and pipeline outages. Falling US equity markets
      REUTERS; PHOTO: AFP  -  466 words
    • Article
      Lock icon US$ gains after inflation data suggests hawkish Fed
      424 9 CURRENCIES REUTERS New York THE US dollar hit a more than two-week high against a basket of major currencies on Friday after US inflation data boosted bets the Federal Reserve would raise interest rates in December, and touched a one-month high against
      REUTERS  -  424 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        370 9 Sep 16 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9550.00 9592.50 9537.50 9580.00 7745 *****1 Oct16 9567.50 9590.00 9550.00 9585.00 79 ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar17 *****.00 *****.00 *****.00 *****.00 82 774 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 9 Most active Sep 16 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 12.2 -10.3 ***** 0.0 0 DBS MB eCW*****1 10.6 -2.3 ***** 0.1 1550 5 UOB MB eCW*****1 11.1 0.4 ***** 0.1 1880
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 16 Index Change Change Change Change Change Change World Preliminary 1287.2 -0.4 0.7 -0.3 -1.7 -0.5 2.0 EAFE Preliminary 956.5 -0.2 -5.6 -0.4 -6.5 -0.7 -3.0 Europe Preliminary 1369.8 -0.7 -3.0
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        246 9 Sep-16 Price Net change change Last Trade Agricultural Sep-16 CBOT Soybeans (US cents/bu) 966.00 15.50 1.63% 14/11/2016 CBOT Soybean Oil (US cents/lb) 31.98 -0.06 -0.19% 14/10/2016 CBOT Wheat (US cents/bu) 403.25 3.75 0.94% 14/12/2016 Sep-16 LIFFE Cocoa (£/tonne) 2246.00 -4.00 -0.18% 13/12/2016 LIFFE Coffee (US$/tonne) 1923.00 -4.00 -0.21%
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Sep 16 $S Offer Bid 0vernight 0.03 Par 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.08 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 Sep 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.09 106.12 106.11 5-Year NX*****X 2.250 01-Jun-21 104.23 104.27 104.20 10-Year NX*****F 2.125 01-Jun-26 102.33 102.45 102.05 15-Year NZ*****F 2.875 01-Sep-30 108.46 20-Year NZ*****X 2.250 01-Aug-36 100.08 30-Year NA*****H
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    • Article
      Lock icon Director buying slows, buyback activity stays flat
      1824 10  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd THE buying by directors slowed after they posted heavy buys in the previous two weeks with 18 companies that recorded 34 purchases worth S$ 1.59 million based on filings
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    • Article
      Lock icon PRIME LENDING RATES
      242 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      957 10 Payment Ex Rec Pay Ann (cts) date date date date Advancer Global aw 0.350 20-Sep 22-Sep 30-Sep 10-Aug Aims AMP Cap Ind Reit do 2.565 03-Aug 05-Aug 22-Sep 26-Jul Aims AMP Cap Ind Reit bi 0.096 03-Aug 05-Aug 22-Sep 26-Jul Aims AMP Cap Ind Reit (1 Apr-30Jun 2016)
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1144 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 10.21 0.88 0.66 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 13.07 1.62 1.42 ARA Asset Mgt 1.25 1.50 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      1892 11 Week Ended: Sep 16 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week 149 127 AIMSAMP Cap Reit 141.5 unch 411 142.5 141 0.9 8 901.8 Div 144 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      369 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week Div GrYld Net MCap 46.5 29.5 t Advancer Global 43.5cd -0.5 4319 45 42.5 17.3 75.3 LOW Company Sale 19.9 8.3 t Anchor Resources 9.9 -0.6 ***** 10.4
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    • Article
      Lock icon SGX ETF
      190 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 86.4 69.1 CIMB APAC Div US$ US79.7 -1.8 20 80 79.7 8.4 1210 1050 CIMBASEAN40 S$D 1168 -27 0 1168 1168 905 733 CIMBASEAN40 US$ US871 -7 14 888
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      90 6 CELEBRATING To mark the occasion, well give you $288* when you open an account with us. How's that for a celebration? Find out more at IG.com.sg/ig10 or call us on +65 6390 5118 IG.com.sg/ig10 FOREX SHARES I INDICES I COMMODITIES I BINARIES n ii r Losses can exceed deposits *To
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      185 7 J 1 /m f hk.'rl fT Zr r/ E 200 AVANTGARDE Fuel Consumption: 6.31/100 km; C0 2 emission: 142 g/km, E200 EXCLUSIVE Fuel Consumption: 6.3-6.61/100 km; C0 2 emission: 142-149 g/km, E 200 AMG Line Fuel Consumption: 6.61/100 km; C0 2 emission: 149 g/km. The new E-Class. Masterpiece of Intelligence.
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  • Page 11 Advertisements
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      71 11 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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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon CPF SA vs SRS: Which is better?
      2486 12  -  The CPF Special Account gives a better rate of return than the Supplementary Retirement Scheme when adjusted for risk; but cash is locked up in the former MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT LAST week, we discussed why the irreversible process of
      THE STRAITS TIMES FILE PHOTO  -  2,486 words
    • Article
      Lock icon How much should you put in the SRS?
      488 12  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WHEN figuring out how much you should put into the Supplementary Retirement Scheme (SRS), have an idea of how much you need from the scheme first. Then figure out how many years you want to contribute
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  • Page 12 Advertisements
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      113 12 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • REAL ESTATE
    • Article
      Lock icon When housing takes priority over parking space
      1098 13  -  Drivers and car parking concerns have to take a back seat to affordable and supportive housing for the poor and the elderly in New York City By Ginia Bellafante NYTIMES New York SO many development battles in major cities around the world fall
      NYTIMES  -  1,098 words
    • Article
      Lock icon San Francisco leaning tower scandal turns political
      429 13 NYTIMES San Francisco FOR years, San Francisco was a famously low-rise city. Then came the tech boom, and the race was on to build the glass and steel edifices that populate the world’s great cities. But in earthquake-prone San Francisco there is a
      NYTIMES  -  429 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon This fight is everybody’s business
      1514 14 THIS WEEK’S TOPIC: What would be the impact of Zika on Singapore? In addition to the “Mozzie Wipeout” initiative, how should Singapore combat the Aedes mosquito? Ronald Lee Managing Director PrimeStaff I BELIEVE that the economic impact of Zika on Singapore should be low to
      PHOTO: REUTERS  -  1,514 words
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  • BANKING & FINANCE
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      1439 15 Notice of intention to make application to the High Court Transfer of the wealth and investment management business in Singapore from Barclays Bank PLC, Singapore Branch to Bank of Singapore Limited under Sections 55B and 55C of Part VII A, Division 1 of the Banking Act, Chapter 19 of Singapore
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Hints of US oil industry comeback in North Dakota
      880 16 Shortage of workers for highly skilled positions in drilling and oil pump maintenance, among others AFP Williston, North Dakota IN the chilly air before dawn, a handful of men and women huddle in front of a small, one-storey building on the
      AFP; PHOTO: AFP  -  880 words
    • Article
      Lock icon Malaysia palm oil output may drop 10% in 2016: minister
      540 16 BLOOMBERG Kuala Lumpur PALM oil production in Malaysia will probably drop 10 per cent this year after El Nino cut yields in the first half, according to Plantation Industries and Commodities Minister Mah Siew Keong. Annual output will be lower
      BLOOMBERG  -  540 words
    • Article, Illustration
      Lock icon Borneo loggers swop chainsaws for cheap healthcare
      747 16 AFP Sukadana, Indonesia THE forest around Manjau in Borneo once reverberated with the scream of chainsaws, as gangs of illegal loggers felled ancient hardwood trees for sale to timber merchants downstream. But many loggers in the remote Indonesian village are hanging up their
      AFP; PHOTO: AFP  -  747 words
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      211 16 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      Lock icon Page 16 Advertisements Column 2
      119 16 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding-up No. 165 of 2002 In the Matter of the Companies Act, Chapter 50 AND In the Matter of HUP SENG BEE CONSTRUCTION PTE LTD (Registration No. *****4026N) NOTICE OF MEETING OF CREDITORS Take notice that a meeting of creditors
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      184 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GEO-TELE PTE. LTD. (In Members’ Voluntary Liquidation) Company Reg. No. *****3773N NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members of the above-named
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      26 16 MY SINGAPORE FUTURE s\?k i MICRO FILM COMPETITION im 9H17B&24B AESftg! 0£i0 0 Micro Film Competition 2016 Workshop Date: 17 and 24 September SCAN JOIN microfilm.zaobao.com
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Who’s too young for an app? Musical.ly tests the limits
      1286 17 Company founded in 2014 says its users are in the 13-20 age bracket but many appear to be even younger NYTIMES New York IN THE folklore of the startup world, few figures loom larger than the teenager. Teenagers see the
      NYTIMES; PHOTO: NYTIMES  -  1,286 words
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      1166 17 ATRADIUS CREDIT INSURANCE N.V. (ACTING THROUGH ITS SINGAPORE BRANCH) Pursuant to Section 49FC(1)(b) of the Insurance Act, Chapter 142 of Singapore Notice is hereby given that a scheme dated 17 August 2016 (the “Scheme”) to effect the transfer (the “Transfer”) of the general insurance business of the Singapore Branch of
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      1912 17 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 Xpress
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  • CONSUMER
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      Lock icon Campus bookstores’ functions change as Amazon moves in
      1025 18 Tie-ups with online retailer mean students buying or renting textbooks online, changing the business dramatically NYTIMES Stony Brook, New York AS school started at Stony Brook University this month, two freshmen, Juan Adames and John Taveras, set out to buy textbooks. They
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      Lock icon Twitter draws an average of 243,000 viewers in NFL livestream debut
      424 18 REUTERS New York TWITTER Inc attracted an average of 243,000 viewers to Thursday’s National Football League livestream of the New York Jets triumph over the Buffalo Bills, the first time the social media platform has broadcast an NFL game.
      REUTERS  -  424 words
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      202 18 FORAGE INTO THE WORLD OF DIGITAL Who should attend: Business Owners, Entrepreneurs, Senior and Middle Management, PMETs, Marketing and Sales Professionals THE ART OF CONTENT CURATION With shrinking attention spans, how can marketers fronting the organisation’s social media efforts continue to stay relevant by creating, curating and sharing content that
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      169 18 Singapore INTERNATIONAL INDIAN EXP***** 3 d n v INDIA l LA TV ll r u m XX iS« ■‘-‘is, corner tcb SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEP’2016,10AM TO 10PM OVER 160+ EXHIBITORS WITH *****+ PRODUCTS MRS INTERNATIONAL SINGAPORE 2016 TALENT SHOWCASE LIVE PERFORMANCE BY WORLD MUSIC
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  • GOVERNMENT & ECONOMY
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      Lock icon Elected presidency changes for improving Singapore’s future
      746 19 Shanmugam says they are not aimed at barring certain individuals from standing THE STRAITS TIMES Singapore CHANGES to the elected presidency are aimed at improving the system for Singapore’s long-term future, not at barring certain individuals from standing, Law Minister K Shanmugam said
      THE STRAITS TIMES  -  746 words
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      Lock icon Powerful blast injures at least 29 in Manhattan
      472 19 NYTIMES REUTERS New York A POWERFUL explosion caused by what authorities believe was a homemade bomb injured at least 29 people on a crowded sidewalk in the bustling Chelsea neighbourhood of Manhattan on Saturday night, according to police. A few hours later,
      NYTIMES; REUTERS; PHOTO: AFP  -  472 words
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      Lock icon The big bet is on, as the Fed’s September meeting looms
      985 20  -  And the most likely outcome looks to be a draw between the Hawks and the Doves WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg IT’S as if the starting orders have just been given in the Grand National or the
      PHOTO: AFP  -  985 words
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      Lock icon UK less attractive to Brexit-wary Poles than Germany
      259 20 Vote to leave and hostility towards Poles negating its advantage of common language, higher wages BLOOMBERG Warsaw THE UK is losing its appeal for Poles seeking work abroad. While Britain is still home to more Polish expatriates than any other European country,
      BLOOMBERG  -  259 words
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      Lock icon Japan woos Cuba in latest example of Abe’s international diplomacy
      621 20  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe’s effort to step up economic and strategic diplomacy on the world stage, in competition with China, is set to take a step forward this week when he visits Havana for
      621 words
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      Lock icon China’s business confidence index rises to 51.2% in Q3
      236 20 REUTERS Beijing BUSINESS confidence among entrepreneurs in China has picked up for the second quarter in a row in 2016, according to surveys by the People’s Bank of China published on Sunday. The entrepreneurs’ confidence index rose to 51.2 per cent
      REUTERS  -  236 words
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      192 20 This book guides us through the REITs investments in a step-by-step and comprehensive manner Coupled with actual case studies of REITs in Singapore, you will learn the methods to grow your wealth with the higher dividend/investment returns from REITs. Investing in REITs is equivalent to investing in properties, but with
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      32 20 0* ft f ■> -3?' .V’ i m -V f »w Celebrate Good Times, Come On! SALE X-Value™ of your home A $961,000 ($866 psf) Up by $8,000 (0.84%) over last quarter SRX.com.sg/property-tracker
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      12 20 wihwhas m iPhone B***** Si They are the hardcore iPhone fans iPhone
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  • TRANSPORT
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      Lock icon Ascenz set to pioneer ship data analytics on world stage
      828 21  -  Company has incorporated new business unit in Rotterdam to cater to European demand By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PRIVATELY owned Ascenz Solutions is set to solidify its position on the international stage as a pioneer of ship data
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      Lock icon Porsche caught in VW diesel lawsuits as investors race to file
      994 21 BLOOMBERG Berlin PORSCHE Holding SE was dragged deeper into the Volkswagen AG emissions debacle as investors raced to file German lawsuits ahead of the one-year anniversary of the scandal. A group of institutional investors filed a pair of lawsuits,
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      Lock icon Beleaguered airbag maker Takata said to be planning shortlist of bidders
      513 21 BLOOMBERG Tokyo TAKATA Corp the embattled Japanese airbag supplier that has put itself up for sale after triggering the car industry’s biggest safety recall aims to shortlist two or three candidates by October, according to people familiar with the
      BLOOMBERG  -  513 words
    • Article
      Lock icon Trade body ICS slams EU’s unilateral emission regulations
      443 21  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE European Union’s unilateral move to impose a regional regulation on monitoring, reporting and verification (MRV) of individual ship emissions has drawn flak from the international trade association for merchant shipowners and operators, which argues
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      1995 22 S-*- THE BUSINESS TIMES SHIPPING 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
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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 188 PRW210 20/09/2016 21/09/2016 Pelindo/Perawang DAILY Marco Polo 158 BST251 20/09/2016 21/09/2016 Pekanbaru/Buatan DAILY Marco Polo
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  • DINING OUT
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      Lock icon Being focused pays off for Saint Pierre
      931 23  -  The current menu is the most confident yet, with almost every dish delivering in terms of flavour, execution and concept. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW CHEF Saint Pierre 1 Fullerton Road #02-02B One Fullerton Tel: 6438 0887 Open for
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      155 23 With one selfless act for a stranger, she inspired a nation and was named the first Straits Times Singaporean of the Year. When others shunned an old man who had soiled himself, Madam Noriza A. Mansor knelt and wiped the mess off his legs, bought him a new pair of
      155 words
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  • LIFE & CULTURE
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      Lock icon Style.com bets on a street style star
      885 24 Its fashion director is a prototype of the sort of shopper site seeks to attract, says president NYTIMES London AS LONDON Fashion Week picked up steam over the weekend, with all its traffic, sharp elbows and celebrities, one woman has come in for
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      Lock icon London Fashion Week puts brave face on Brexit
      717 24 AFP London BRITISH fashion put a brave face on Brexit last Friday as it began its first catwalk shows since the vote, citing a surge in sales on the weak pound despite fears that leaving the European Union will hit exports and
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      Lock icon China pushes Tibetan tourism while critics fear impact
      648 24 AFP Nyingchi, China CHINA has unveiled a sparkling new hotel as part of its drive to get tens of millions more tourists to visit Tibet, even as critics say the push is slowly eroding the local culture. With a presidential suite that
      AFP; PHOTO: AFP  -  648 words
  • Page 24 Miscellaneous
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      338 24 CRYPTIC CROSSWORD Across 1 English bobby in helmet? A cool dude (6) 5 Celebrity female is accompanying husband, a swimmer (8) 9 Take lingerers apart in a situation wreaking havoc with the economy? (7,6) 10 I concede, having admitted small number with insufficient know-how (8) 11 Remember everyone at the
      338 words