The Business Times, 24 September 2016

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Microfilm: NL33962
Total Pages: 49
1 12 The Business Times
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  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      59 1 RED DOT MARK OF EXCELLENCE DINING Foraging for a good meal L5 DINING A taste of Singapore abroad L6-7 A look at some of the winners, including those from Singapore L2-4 GADGETS The magnificent iPhone 7 L8 PHOTOS: RED DOT AWARD: DESIGN CONCEPT MOTORING Civic minded L10 MOTORING GT luxury
      59 words
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  • BT Living @BTLifestyle | BTLifestyle | THE BUSINESS TIMES WEEKEND | SEPTEMBER 24-25, 2016
    • DESIGN
      • Article, Illustration
        Lock icon Red Dot mark of excellence
        1973 2 / 3  -  BT Weekend takes a closer look at some of this year’s Red Dot Award: Design Concept winners, including those from Singapore. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT YOU know driverless cars are the next big thing when two such cars have been given the Best
        1,973 words
    • DINING
      • Article, Illustration
        Lock icon Foraging for a good meal
        871 5  -  Two Australian chefs are putting together a five-course menu using wild produce gathered around Singapore. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT TELL someone that they can forage for their own food in Singapore, and they are most likely to give you
        PHOTOS: AIDAN LOO  -  871 words
      • Article, Illustration
        Lock icon A taste of Singapore abroad
        1818 6 / 7  -  It’s no longer just the Western chefs who are in demand. The spotlight has now turned to local chefs as they are being invited for guest-cooking stints overseas. Four of them share their experiences. By Rachel By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Using curry to bridge
        1,818 words
    • GADGETS
      • Article, Illustration
        Lock icon The magnificent 7
        871 8  -  The introduction of the new Home button in Apple’s latest iPhones is nothing short of amazing. By Sherwin Loh By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT APPLE’S latest iPhones come with a faster processor, higher storage capacities, a new solid state home button and water resistant features, while the
        871 words
      • Article, Illustration
        Lock icon Easy transfer of phone data
        426 8  -  By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT PQI iConnect Mini 32GB: S$120 64GB: S$175 128GB: S$295 EVEN though Apple has increased the base storage capacities of its new iPhones, the S$170 that users pay for each jump up across all models to the next limit is still
        426 words
    • SHOPPING
      • Article, Illustration
        Lock icon It’s all about the sneakers
        1041 9  -  They are the most important signifier and, sometimes, the great equaliser. After all, 999 times out of 1,000, shoes are more important than pants By Jon Caramanica NYTimes New York WHAT we talk about when we talk about athleisure is wrong. We celebrate the mainstreaming
        NYTimes; PHOTOS: NYTIMES  -  1,041 words
    • MOTORING
      • Article, Illustration
        Lock icon CIVIC MINDED
        801 10  -  The new Honda Civic 1.5 Turbo is concerned with providing a smooth, lag-free drive. By Samuel Ee samuelee@sph.com.sg TWO aspects of the new Honda Civic mark a break from its popular but generally pedestrian predecessors the design and engine. he 10th-generation compact sedan is now bigger and sportier
        801 words
      • Article, Illustration
        Lock icon GT LUXURY
        738 11  -  McLaren takes ride comfort to a whole new level with the 570GT. By Samuel Ee samuelee@sph.com.sg WHEN it comes to mid-engined super sports models, the McLaren road car is arguably one of those which can be described as truly having real-world useability. Now, there is a new model
        738 words
    • SPORTS
      • Article, Illustration
        Lock icon Banking on the appeal of women’s tennis
        959 12  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent PIERRE Veyres, the CEO of BNP Paribas Singapore and regional head for South-east Asia, is not alone in hoping the Women’s Tennis Association (WTA) Finals tournament will continue to call Singapore its home even after
        PHOTOS: BNP PARIBAS, ST FILE  -  959 words
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  • Title Section
    Lock icon Masthead
    24 1 weekend THE BUSINESS TIMES w w w usinesst ime .com. g SEPTEMBER 24-25, 2016 S$1.20| MCI (P) 066/08/2016 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
    24 words
  • Article
    Lock icon S’pore driverless taxi trial expands with Grab
    679 1  -  Tie-up with nuTonomy comes just one month after successful launch in one-north By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A DRIVERLESS-taxi trial in Singapore, touted to be the world’s first, is expanding slowly with a larger area and more users, even as companies involved
    679 words
  • Article
    Lock icon JTC extends redemption deadline
    34 1 PRECIOUS TIME THIS addresses Jurong Country Club debenture noteholders’ anxiety over the rule that if notes are sold or transferred without a simultaneous transfer of membership, the membership ceases. 3
    34 words
  • Article
    Lock icon China reform loses its way
    29 1 PIPE DREAM FOUR years after Xi Jinping came to power, hopes of reforming China’s bloated and under-performing state-owned enterprises are all but dashed. 4
    29 words
  • Article, Illustration
    Lock icon Two new training schemes launched for hotel industry workforce
    675 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TWO new programmes are being rolled out for the hotel industry to equip employees with relevant skills and to create better matches between jobs and workers amid keener competition for manpower. The professional conversion programme
    FILE PHOTO  -  675 words
  • Article
    Lock icon Govt must join BOJ in growth push
    33 1 TANGO PARTNER FINANCE Minister Taro Aso notes that Tokyo has to share the task of stimulating the economy and ending deflation with the central bank. 6
    33 words
  • Article
    Lock icon CapLand buys prime Vietnam site
    29 1 PLUM PROJECT IT pays US$51.9 million for 0.5-hectare plot in Ho Chi Minh City, with plans for a mixed-use residential cum commercial development. 10
    29 words
  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      49 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Design L2-4 Dining L5-7 Gadgets L8 Shopping L9 Motoring L10-11 Sports L12
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,856.95 (+10.89) GSTI FUTURES 2,856.00 (+11.00) GSIMSCI 313.48 (+0.40) GSIMSCI FUTURES 313.45 (+0.35) STOCKS Friday Change KL COMP 1,670.99 +1.33 NIKKEI 225 16,754.02 -53.60 HANG SENG 23,686.48 -73.32 SET 1,492.88 -13.11 JAKARTA 5,388.91 +8.65 MANILA 7,723.60 -38.75 KOSPI 2,054.07 +4.37 SHENZHEN B 1,189.90 -4.41 MUMBAI 28,668.22 -104.91 11.45
      136 words
    • Article, Illustration
      Lock icon Motoring costs could end cycle of falling prices
      465 2  -  Minus these costs, core inflation is stable. But economists expect headline inflation to turn positive in Q4, and MAS policy to stay unchanged By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MOTORING-RELATED price changes such as higher car park fees are expected to drive
      Source: Department of Statistics  -  465 words
    • Article
      Lock icon JTC extends deadline for notes redemption
      719 3  -  This is to address JCC noteholders’ concern they may not qualify for land compensation due to clause in constitution By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE deadline for Jurong Country Club’s (JCC) debenture noteholders to accept JTC’s offer of an early purchase of their
      719 words
    • Article
      Lock icon Insurers must expand offerings for customer loyalty: study
      437 3  -  HEALTH AND INSURANCE By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INSURERS need to expand their offerings beyond their core business into related services to differentiate themselves in the marketplace and to increase interaction with customers a way to earn greater loyalty, a new
      437 words
    • Article
      Lock icon Demand for medical malpractice coverage set to rise: AIG
      404 3  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE’S rapidly ageing population and the rise in number of chronic and complex medical conditions are projected to drive demand for medical malpractice insurance in the coming years, says AIG Singapore. In the next five
      404 words
    • Article
      Lock icon China state sector reform loses its way
      815 4  -  Weak execution by local governments one of the reasons cited for standstill By Virginie Mangin btworld@sph.com.sg Beijing THE reform of China’s bloated and under-performing stateowned enterprises (SOEs) was high on the government’s agenda when Xi Jinping assumed leadership of the Communist Party in
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    • Article
      Lock icon Ireland eyes Asia amid disquiet over Brexit, Apple
      995 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IRELAND is flinging its doors open to Asian financial firms seeking inroads to Europe, as Brexit prompts uncertainty over London’s financial hub status. This comes as the Irish government, while set to appeal the European Commission’s
      995 words
    • Article, Illustration
      Lock icon Driverless but not clueless
      528 5 BT Infographics To avoid accidents, self-driving vehicles (SDVs) rely on an array of sensors to plot their trajectory. The Business Times looks at how SDVs are chauffeuring people around the one-north district in a free trial that will run for the next two weeks. How self-driving
      Source: nuTonomy, Lianhe ZaoBao, The Straits Times, Reuters Photos: REUTERS, SIMON ANG BT Graphics: Simon Ang, Ludwig Ilio & Sarah Chua  -  528 words
    • Article
      Lock icon Tokyo must join BOJ in growth push: Aso
      605 6  -  Finance minister says the government needs to also carry out structural reform and work at stimulating the economy By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Finance Minister Taro Aso on Friday acknowledged that the government must share with the Bank of Japan (BOJ)
      605 words
    • Article, Illustration
      Lock icon Skills that the next generation of business leaders need
      842 6  -  CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg@VivienShiaoBT BRIGHT-EYED and bushy-tailed employees climbing the corporate ladder often have this mistaken notion that performing tasks well is all it takes to get to the next rung. But the reality is that technical competency does
      842 words
    • Article, Illustration
      Lock icon Disclosure, rules crucial in managed care
      743 7  - Disclosure rules crucial in managed care SATURDAY SOAPBOX By Claire Huang huangjy@sph.com.sg @ClaireHuangBT IN AN ideal world, the managedcare system benefits all stakeholders from insurers to hospitals, managed-care companies, doctors, and patients. Problem is, the world is far from perfect, and complications arise when parties’ interests clash. For the benefit
      743 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Internet’s gatekeeper
      3143 8 / 9  -  Akamai Technologies CEO Tom Leighton talks about how his company keeps online traffic fast and secure. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT IT’S not often that a group of academics, enamoured of interesting but obscure (to the layman) mathematical theorems and the popular TV
      PHOTO: AIDAN LOO  -  3,143 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon CapLand buys prime Ho Chi Minh City site
      655 10  -  It pays US$51.9m, plans mixed-use residential cum commercial project on the 0.5-ha plot By Angela Tan angelat@sph.com.sg Singapore SINGAPORE developer CapitaLand has bought a prime site in Ho Chi Minh City for US$51.9 million, its third acquisition in Vietnam since the government
      655 words
    • Article
      Lock icon China may allow more bond failures with credit-default swap trading
      456 10 Bloomberg Hong Kong CHINA’S approval of creditdefault swap (CDS) trading for the first time is fuelling speculation that the authorities will allow more bond delinquencies as the economy slows. The People’s Bank of China has approved rules governing CDS trading
      Bloomberg  -  456 words
    • Article
      Lock icon Nyalas offers S$2.36 per share for BMT as Spinola family exits
      316 10  -  By Kenneth Lim kenlim@sph.com.sg@KennethLimBT Singapore CONTROL of British and Malayan Trustees (BMT) has passed from one group of old-money investors to another. Nyalas Rubber Estates is offering to buy all the remaining shares of BMT for S$2.36 per share
      316 words
    • Article, Illustration
      Lock icon No-surprise FOMC meeting, penny plays feature in week
      755 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THERE was no doubt that the US Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday was the biggest event of the week just passed, even though everyone knew with almost complete certainty that
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    • Article
      Lock icon HK securities regulator to start ‘regtech’ project in October
      271 11 Reuters Hong Kong THE Hong Kong securities regulator is due next month to kick off a pilot “regtech” project as part of a broader plan to improve the way the watchdog monitors and detects systemic risk, according to a public tender
      Reuters  -  271 words
    • Corporate digest
      • Article
        Lock icon Poh Tiong Choon Logistics
        194 11 TWO substantial shareholders of Poh Tiong Choon Logistics (PTC Logistics) have nominated two directors to be appointed to the board to represent their interests in the company. The shareholders are Adrian Ho Kim Lee and Nelly Rolles. The two shareholders are among several substantial shareholders of
        194 words
      • Article
        Lock icon Hong Leong Finance
        91 11 IAN MacDonald will resign as president of Hong Leong Finance with effect from Oct 1, "to return to his home country with his family, after spending more than 14 years in Singapore". Mr MacDonald, 60, was appointed president of Hong Leong Finance in February 2002, having overall
        91 words
      • Article
        Lock icon Singapore Airlines
        47 11 THE national carrier was named Best Airline in the World at the 25th Business Traveller Asia-Pacific Awards on Friday. Singapore Airlines also picked up five other awards, namely for Best Asia-Pacific Airline, Best First Class, Best Business Class, Best Economy Class and Best In-flight Catering.
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    • Article
      Lock icon STI STOCKS
      303 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 +2 247/243 257 209 6.2 6864.7 CapitaCom Trust 160 +0.5 160/158 164 127 5.4 4740.1 CapitaLand 316 +3 317/310 340 267 12.6 2.8 *****.6 CapitaMall Trust 212 unch 213/209 225 185
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    • Article
      Lock icon SGX ETFs Most Active
      108 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 298 290/288 314/254 289/291 IS MS INDIA US$ US742 -4 99 745/742 772/575 741/744 92.8 DBXT MSAXJHDY US$ US163.1 +3.1 80 163.1/162.4 163.1/131.7 162.7/163.3 9.1 Lyxor Taiwan US121.4 +0.4 74 121.6/121.4 122.3/90 119.8/-28.9
      108 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      817 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 19 Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Aztech Grp 21-Sep-16 Mun Hong Yew *Buy 428 0.42 363 0.75 791 1.63 G. K. Goh Holdings
      817 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      189 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 4 1 0 0 7 4 4 Manufacturing 23 37 36 4 8 12 27 45 48 Commerce 18 21 9 7 3 4 25 24 13 Tpt/Stor/Comms 9 14 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,526 123 11,649 33,403 20 33,423 Manufacturing 95,884 103,516 199,400 90,263 553 90,816 Commerce 94,545 14,884 109,429 73,796 260 74,056 Tpt/Stor/Comms 80,487 958 81,445 129,905 97 130,002 Finance 24,855 5 24,860 155,543 1 155,543 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Sep 23 VALUE CLOSE BT OB/OS -184.00 -52.00 BT CADI -*****.00 -9.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 689.70 +0.31 FTSE ST Small Cap 383.24 -0.03 FTSE ST All Share 701.75 +2.24 FTSE ST China Top 160.27 +0.88 FTSE ST China 196.82 +2.09 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      64 12 VOL CLOSE($) CHANGE Yongmao 0.300 Singapore-eDev 0.029 Magnus Energy 58,905.6 0.002 China Great Land 0.013 Compact Metal 250.5 0.025 -0.002 -7.41 RickmersMaritime 4,053.3 0.043 -0.004 -8.51 Vashion 0.012 AsiaMedic 3,621.0 0.089 -0.006 -6.32 CMC Infocomm 0.078 FJ Benjamin 296.6 0.044 -0.002 -4.35 Shows the stocks with the highest
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Sep-22 Price Net change change Last Trade Agricultural Sep-22 CBOT Soybeans (US cents/bu) 976.50 1.00 0.10% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.96 0.56 1.68% 14/10/2016 CBOT Wheat (US cents/bu) 405.50 -2.25 -0.55% 14/12/2016 Sep-22 LIFFE Cocoa (£/tonne) 2320.00 12.00 0.52% 13/12/2016 LIFFE Coffee (US$/tonne) 1997.00 15.00 0.76%
      193 words
    • Article
      Lock icon PALM OIL
      58 13 Sep 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 16 2900.0 2863.0 2905.0 2859.0 719 5519 Nov 16 2779.0 2731.0 2780.0 2727.0 8558 ***** Dec 16 2720.0 2676.0 2728.0 2673.0 ***** ***** Jan 17 2686.0 2651.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Sep 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.11 106.16 106.14 5-Year NX*****X 2.250 01-Jun-21 104.53 104.72 104.60 10-Year NX*****F 2.125 01-Jun-26 103.15 103.52 103.20 15-Year NZ*****F 2.875 01-Sep-30 109.84 110.30 109.80 20-Year NZ*****X 2.250 01-Aug-36 101.84
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Sep 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0351 1.0359 0.7616 0.7620 Canadian dollar 1.0394 1.0400 0.7651 0.7648 Euro 1.5222 1.5231 1.1200 1.1204 NZ dollar 0.9858 0.9867 0.7253 0.7258 Sterling pound 1.7689 1.7697 1.3015 1.3018
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 13 Most active Sep 23 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left UOB MB eCW*****1 10.7 unch 3134 0.1 1880 5 DBS MB eCW*****1 10.9 -0.3 3079 0.1 1550 5 OCBC Bk MB eCW*****8 2.9 -0.2 2420 0.1 915
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Sep 22 Index Change Change Change Change Change Change World Preliminary 1315.4 0.7 3.0 0.6 -0.2 1.0 4.6 EAFE Preliminary 983.8 1.0 -2.9 1.3 -3.9 1.7 0.7 Europe Preliminary 1412.6 1.5 0.0
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    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article
      Lock icon Top 3 healthcare stocks average 64% gain in 2016
      542 14  -  They are S’pore Medical, S’pore O&G, Health Management Int’l: SGX By Claire Huang huangjy@sph.com.sg@ClaireHuangBT Singapore THE three best-performing stocks in the healthcare sector year-to-date are Singapore Medical Group, Singapore O&G and Health Management International, with the trio averaging a 64 per
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    • Article
      Lock icon ICICI Prudential Life’s IPO draws strong demand
      247 14 Bloomberg Mumbai ICICI Prudential Life Insurance Co has attracted strong demand for its initial public offering of as much as 60.6 billion rupees (S$1.24 billion), as the country’s biggest such deal in six years drew orders of 10.5 times the amount of stock
      Bloomberg  -  247 words
    • Article
      Lock icon Singtel, Palo Alto Networks launch new cybersecurity service
      235 14  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGTEL said on Friday that it has partnered New York-listed Palo Alto Networks to launch a new managed security service to help organisations in the AsiaPacific prevent cyber breaches. Known as the Singtel Managed Advanced Threat
      235 words
    • Article
      Lock icon China’s P2P lender Lufax may tap 4 banks for HK IPO
      398 14 Reuters Hong Kong LUFAX, China’s biggest peer-to-peer (P2P) lending platform backed by Ping An Insurance, is in talks with four investment banks about taking leading roles in its planned Hong Kong IPO, people familiar with the matter said. The
      Reuters  -  398 words
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  • REAL ESTATE
    • Article
      Lock icon Airbnb mobilises users to help fight its battles in New York
      571 15 It opposes a law that would fine users heavily for advertising short stays in empty homes Bloomberg New York RHETT Johnson, 34, has earned as much as US$1,000 a month renting out the living room and its sofa bed
      Bloomberg  -  571 words
    • Article, Illustration
      Lock icon New tax in Vancouver turns off overseas buyers
      385 15 Reuters Ottawa THE share of homes purchased in British Columbia by foreign buyers decreased as at the end of August, data from the provincial government showed on Thursday, suggesting a new tax in the city of Vancouver was discouraging overseas buyers. The
      Reuters; PHOTO: REUTERS  -  385 words
    • Article
      Lock icon US incomes rise as growth in home values slow
      302 15 Bloomberg New York A TREND that’s helped force US home ownership to a 50-year low may finally be running out of steam. According to a new report from Zillow, a real estate and rental marketplace, incomes are now rising faster than
      Bloomberg  -  302 words
    • Article
      Lock icon House hunt
      1356 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 10 AND AUG 16, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 16 NON-LANDED Apollo Gdn Apt 15/08/2016 FH 2121 1750 825 Bayshore Park Apt 10/08/2016 99 1292
      1,356 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      35 15 GOOD CLASS BUNGALOW HOLLAND PARK *****/***** sqft Brand new, pte lift Elevated, wide frontage Opp Botanic Gdn Motivated Seller Exclusive Marketing Agent K H Tan *****348 Newsman Realty Pte Ltd Estate Agt L*****29F. CEAReg R*****9A
      35 words
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  • BANKING & FINANCE
    • Article
      Lock icon German politicians concerned over Deutsche Bank’s financial woes
      475 17 Bloomberg Berlin DEUTSCHE Bank AG’s finances, weakened by low profitability and mounting legal costs, are raising concern among German politicians after the US sought US$14 billion to settle claims related to the sale of mortgagebacked securities. At a closed session of Social
      Bloomberg  -  475 words
    • Article, Illustration
      Lock icon Bad debts and no boss – IOB a challenge for Modi
      674 17 Bad debts and no boss IOB a challenge for Modi Its bad loan ratio stands at 20.5% as at June 30, versus 9.4% a year earlier Bloomberg Mumbai AS Indian Overseas Bank (IOB) tackles the highest ratio of soured loans among lenders in Asia’s third largest economy, it does not
      Bloomberg; PHOTO: REUTERS  -  674 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      323 17 NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of JOUJU PTE. LTD. (Co. Reg. No.:*****7783H) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the above-namedCompanydulyconvenedandheld at 6 Eu Tong Sen Street #09-17, The Central,Singapore*****7 on Tuesday,the 20th day of September 16 at
      323 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      334 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DHARMA CAPITAL MANAGEMENT PTE. LIMITED (In Members’ Voluntary Liquidation) Company registration no. *****4495H At an Extraordinary General Meeting of the Company duly convened and held at 8 Shenton Way, #05-01 AXA Tower, Singapore *****1 on 20
      334 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon China, Canada resolve canola-shipping row
      439 18 Leaders of the two countries set aside spat over crop as they seek to broaden trade ties; deal to run until 2020 Reuters Winnipeg CANADA and China have agreed on a long-term solution to a trade dispute over C$2 billion (S$2.1 billion) worth of annual
      Reuters; PHOTO: BLOOMBERG  -  439 words
    • Article
      Lock icon Opec expected to curb output for first time in eight years
      1011 18 Reuters London AS FAR as decision-making in Organization of the Petroleum Exporting Countries (Opec) is concerned, Algeria which plays host to oil ministers next week has always been the land of surprises. The last two Opec meetings that were
      Reuters  -  1,011 words
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  • TECHNOLOGY
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  • CONSUMER
    • Article, Illustration
      Lock icon Milan applause boosts Prada’s revival hopes
      602 20 The fashion house has vowed that 2017 will be a year of e-commerce-led revival AFP Milan PRADA’S hopes of turning its flagging fortunes around were bolstered on Thursday when designer Miuccia Prada’s latest womenswear collection was given a warm reception at Milan fashion week.
      AFP; PHOTOS: REUTERS  -  602 words
    • Article
      Lock icon World’s top glove maker eyes Thai expansion on Malaysia risk
      637 20 Bloomberg Kuala Lumpur MALAYSIA’S Top Glove Corp is focusing on Thailand to boost its production capacity as shortages of workers and water at home disrupts its expansion spree. The company, which doubled its factory capacity in Thailand’s Phuket this month,
      Bloomberg  -  637 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon EU escalates stand-off with US on global bank-capital rules
      848 22 Debate in Basel pits other bank regulators against a US-backed push for stiffer standards Bloomberg Vienna THE European Union (EU) upped the ante in its battle with the US over changes to global bank-capital rules, calling for a key plank of
      Bloomberg; PHOTO: REUTERS  -  848 words
    • Article
      Lock icon Officials seek to soothe investors spooked by Duterte
      340 22 Bloomberg Manila PHILIPPINE central bank governor Amando Tetangco sought to soothe investors spooked by President Rodrigo Duterte’s rhetoric around his anti-drug war, with stocks poised for the longest outflow since 2007. “If you take out the noise and look at the fundamentals,
      Bloomberg  -  340 words
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      Lock icon Credit-default swap trading gets PBOC nod
      634 23 Move fuels speculation that authorities will allow more bond delinquencies as the economy slows Bloomberg Hong Kong CHINA’S approval of creditdefault swap (CDS) trading for the first time is fuelling speculation that authorities will allow more bond delinquencies as the economy slows. The People’s
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      Lock icon BOJ tankan to show mixed business mood amid strong yen: poll
      617 23 Reuters Tokyo JAPANESE manufacturers’ mood improved for the first time in five quarters while service sector confidence worsened to the lowest since 2014, a Reuters poll showed, as the effects of a strong yen filtered through the economy. The
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      Lock icon RBI overhaul to ease relationship with govt
      863 24 3 candidates will join 3 RBI representatives on a new monetary policy committee for collective interest rate decision Bloomberg New Delhi THE biggest change in the Reserve Bank of India’s (RBI) eight-decade history promises to soothe what was often a fractious relationship between
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      Lock icon Global ‘cheap money’ prompts Russian call for caution
      482 24 Bloomberg Moscow RUSSIA’S central bank governor isn’t sure if the unprecedented monetary easing around the world is a killer or a cure for the global economy. With the world awash in cash thanks to the stimulus programmes of central banks from Europe
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      Lock icon Eurozone September growth slows to 20-month low
      479 25 IHS Markit sees the authorities needing to do more to bolster activity AFP Bloomberg Brussels EUROZONE economic growth has slowed to its weakest pace since January 2015, a closely watched survey showed on Friday. Data monitoring company IHS Markit said that its September
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      Lock icon Pay penalty now, paperwork later: Jakarta
      301 25 Reuters Jakarta INDONESIA, in a bid to boost participation in its pivotal tax amnesty, has told taxpayers wanting to incur the smallest penalties that they can pay now and supply needed paperwork later. The move comes one week before the Sept 30 end of
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      278 25 London BRITISH Prime Minister Theresa May’s government suffered its first resignation on Friday when a former Goldman Sachs chief economist closely associated with the policies of her predecessor David Cameron quit. Jim O’Neill, who had worked on boosting Chinese investment in Britain and
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      53 25 HOT PROPERTY CLOSING SOON. KEY on hand. FH. Modern inter Terr 1850/ 3800sf. 6-bdrm S'goon MRT. Others avail. HAI SING PARK. 999 Yrs Semi-D. Rebuilt less than 10 yrs ago. Near Good Schs. L/B 4062/6222sf Only $1,2xxpsf! LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits
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  • Wealth
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        1869 28 / 29  -  Best outcome for US shares has been Democrat president with Republican House WEALTH INSIGHTS Shane Oliver AMP Capital ~The writer is head of investment strategy and chief economist, AMP Capital DONALD Trump as the Republican candidate for president makes the outcome of the Nov
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      • BROKERS’ TAKE
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          214 28 / 29 Singapore Airlines Hold Sept 23 close: S$10.56 Target price: S$10.80 OCBC Investment Research, Sept 23 Singapore Airlines’ (SIA) August 2016 operating results saw passenger capacity growth outpacing passenger traffic growth across all its passenger airlines. Overall passenger load factor (PLF) for August 2016 fell 5.2 percentage points year-on-year to 79.7
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          Lock icon City Developments | Hold
          196 28 / 29 City Developments Hold Sept 23 close: S$8.93 Target price: S$9.43 Maybank Kim Eng Research, Sept 22 Management hosted a visit to Gramercy Park, a high-end project located along Grange Road, in the prime residential area near Orchard Road. This project accounts for 9 per cent of FY16-18 EPS and 5
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          305 28 / 29  -  Compiled by Jamie Lee Jefferies Singapore, Sept 21 Logical fallacy of small numbers: It was the F1 weekend. Haze and mosquitoes were nary a worry. Still, ticket sales were down 15 per cent on the year and the Paddock Club was not brimming over with the chatterati and
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        Lock icon Pressure on hedge fund fees unrelenting
        589 30  -  Preqin survey finds more investors questioning fee arrangements in view of recent underperformance By Genevieve Cua gen@sph.com.sg @GencuaBT Singapore HEDGE funds face continuing pressure on fees and performance, but larger funds which have strong institutional interest may well be able to keep their fees
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        Lock icon Gold shines brightly as investors boost holdings
        544 30 Bloomberg Singapore GOLD is on a roll, courtesy of the Federal Reserve. The precious metal is heading for the biggest weekly advance since July after US central bankers opted once again to leave interest rates unchanged while reining in their outlook for future
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  • LIFE & CULTURE
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      Lock icon Scholes to play for England in Singapore
      434 31  -  England Masters to face Germany Masters for Battle of Europe 2016; tickets already on sale By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ONE of the most famous footballers ever to wear a Manchester United jersey, now retired, will lace up his boots once more
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      Lock icon Citi Commercial Bank, BT BAF promote artwork by youths again
      402 31  -  By Avanti Nim avantin@sph.com.sg Singapore FOLLOWING the success of last year’s collaboration, Citi Commercial Bank (CCB) has partnered The Business Times Budding Artists Fund (BT BAF) again this year to feature selected artwork drawn by the beneficiaries of the fund
      PHOTO: CITI COMMERCIAL BANK SINGAPORE  -  402 words
  • Page 31 Miscellaneous
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      317 31 CRYPTIC CROSSWORD Across 7 Relig ion’s leader always facing extreme cleric (8) 9 Assumes trouble approaching uneven bits of paths (6) 10 Breathe in and talk softly (4) 11 F it old man’s back caught in elastic (10) 12 Loosely could give large hint (6) 14 Puzz le of fleece
      317 words
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      83 1 24-25 SEPTEMBER 2016 THE BUSINESS TIMES WEEKEND TigerrSWOODer IS A GHOST ER BY BRIAN WACK R M, SCHOOLING CAN SWIM, CAN SWING TOO CAP OLYMPIC CHAMP PLAYS OFF A 9-HANDI AP BT CORPORATE UE GOLF LEAG E ORE SUNMOON RISES TO THE TOP ONCE M RE V OYSTER PERPETUAL SKY-DWELLER
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  • 24-25 SEPTEMBER 2016 | THE BUSINESS TIMES WEEKEND Swing by sphgolf
    • editor’s letter
    • singapore scene
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        Lock icon ALL ABOUT SUNMOON AND STARS
        789 4  -  With a name like SunMoon, you cannot but light up. In fact, the team not only lit up but also shone in the Business Times Corporate League from a field of 14 teams. BY GODFREY ROBERT REY ROBERT ODFREY ROBERT ALL ABOUT SUNMOON AND STARS
        photos by Tharm Sook Wai  -  789 words
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      Lock icon WRISTY BUSINESS
      462 5  -  PROTECT THESE CRITICAL JOINTS Ron Kaspriske Considering the punishment your wrists endure because of golf helping you swing the club through thick grass, plugged bunker lies and twohour grind sessions on the range it’s amazing more golfers don’t suffer hand injuries. “Actually, they do,” says Dave Phillips, golf-and-fitness
      photo by Christian Carroll/Getty Images • Illustrations by Brown Bird Design  -  462 words
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      Lock icon JOE THRIVES ON DRIVES
      1118 6 / 7  -  S’PORE’S ONLY OLYMPIC GOLD MEDALLIST JOSEPH SCHOOLING TOOK TO GOLF LIKE DUCK TO WATER Hrive, BY GODFREY ROBERT ive, the longest being 290 metes. s only a pastme for hm a g ad studies restrict him to ejoy Hrive, the longest being 290 metres. S’PORE’S ONLY
      photos courtesy of Colin Schooling/Jimmy Teo  -  1,118 words
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      Lock icon ‘HE’S A GHOST’
      1378 8 / 9  -  T IGER SIGHTINGS HAVE BEEN RARE, PARTICULARLY ON THE GOLF COURSE BY BRIAN WACKER inner Davis Love III. Since then, Woods, no 40, has undergone a tomy, and almost two months after that a third “proedure” on his back. Ti ‘HE’S A GHOST’ IGER SIGH INGS HAVE
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      Lock icon HOW A US OPEN CHAMPION RANKS THE MAJORS
      762 10  -  UNDERCOVER TOUR PRO HOW A US OPEN CHAMPION RANKS THE MAJORS I’ve won a US Open, though it’s probably my leastfavourite Major. When you play in all four every season, which I’ve been fortunate to do for a solid chunk of my
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    • tried & tested
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        Lock icon PRECISION FIT
        308 11 Adjustability is the current watchword for golf equipment, and Titleist stays in the forefront of technological advancement with the new 917 metalwoods. Launched just a few weeks ago, the new Titleist 917 drivers and fairways profess greater distance while offering golfers more adjustability than ever. Titleist is not
        photos by Fitness First, Field Catering & Supplies Pte Ltd, Titleist, Yeo Teck Seng (S) Pte Ltd  -  308 words
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        Lock icon STAYING SHARP
        185 11 Professional golfers rely on their clubs as tools of the trade. On the same token, chefs need quality knives for their culinary creations. Both understand that quality of equipment is paramount to what they can achieve. But unlike the clubs of professional golfers, where novices will find it
        185 words
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        Lock icon IN THE PINK
        134 11 Playing golf in the tropics can be a thirsty affair. But there’s no better way to hydrate than with a refreshing jolt of Perrier. Now, the worldwide leader of international sparkling waters has introduced the Pink Grapefruit flavour to add to its ever-expand-ing range. Bottled at the
        134 words
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        Lock icon TRAIN LIKE A PRO
        238 11  -  BY TAN JU KUANG It’s getting serious out there. Weekend warriors today are a far cry from the once-a-week joggers of time gone by. These days, there are more serious fitness advocates than there are carbon fibre bicycles on the roads. And that’s saying something. With
        238 words
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      24 2 IN TIME WITH With content by Reprinted by permission from the 10/16 issue of Golf Digest®. Copyright© 2016 Golf Digest Publications. All rights reserved.
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      301 3 FOR THE Developing new areas and sustaining those already in existence is a basic challenge for the future. It’s a challenge requiring high levels of expertise and experience. It’s a challenge Boustead is ready to face. Start with a plan i I'Jj 'uNS For more than 185 years and across
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      70 5 We cherish your trust as much as we treasure your health. To our dearest corporate partners, thank you. For choosing us because we know you always have choices For believing in us because trust is paramount in our work For supporting us because your confidence adds to our strength It's
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      141 5 Your Preferred Corporate Provider in Achieving Fuller Health Our Services Over360GPClinics,PanelClinics &In-HouseClinics Over460SpecialistsPanelClinics In-PatientAdmissions OccupationalHealthServices CorporateWellnessProgramme MedicalAssistance&Evacuation MedicalBenefits,Claims&Processing MedicalConciergeHotline Oursubsidiary,RadLinkDiagnosticsImaging alsoprovidesacomprehensivesuiteof diagnosticsimagingservices,whichincludes: MagneticResonanceImaging(MRIScan) ComputedTomography(CTScan) Ultrasound Women&FetalImaging Mammography BoneMineralDensitometry(BMD) Fluoroscopy DigitalRadiography:X-Ray Women Fetal Imaging Mammography Bone Mineral Densitometry (BMD) Fluoroscopy Digital Radiography: X-Ray RadLink v Our Commitment Fullerton Health Group www.fullertonhealth.com
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      506 6 / 7 TIPS TO GET GOLF FIT The greatest golfers of all time including Tiger Woods and Rory McIlroy, are living examples of how a toned body and a terrific golf game go hand-in-hand. Anyone, from PGA pros to weekend hackers, can tee off better throughout their game, on one condition to
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      133 8 / 9 horizon hills golf country club HORIZON HILLS GOLF COUNTRY CLUB 36 HOLES SPECIAL GOLF PROMOTION Rates inclusive of green fee per pax, buggy and caddy (twin sharing), golfer's insurance Terms Conditions: Above rates are inclusive of 6% Goods Services Tax Single surcharge apply at RM 148.40 nett for flight of
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      72 12 ROLEX THE DATEJUST Hie archetype of the modern watch has spanned generations since 1945 with its enduring functions and aesthetics. It doesn’t just tell time. It tells history. W 4T* ROLEX DYSTER PERPETUAL DATE flUST m 28 0 OYSTER PERPETUAL DATEJUST 36 Cortinawatch MARINA SQUARE, #02-38. TEL: 6250 7712 CHINATOWN
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