The Business Times, 8 June 2016

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Microfilm: NL38882
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Wednesday, June 8, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    227 1 The World Bank warns that global growth is continuing to slow and could turn into a downward spiral in activity. TOP STORIES 2 Singapore is well positioned to help Chinese companies invest overseas and this can be seen by the increasing numbers of Chinese corporates and financial institutions
    227 words
  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 2,848.09 +16.81 KL COMP 1,660.62 +11.63 NIKKEI 225 16,675.45 +95.42 HANG SENG 21,328.24 +298.02 SHENZHEN B 1,088.46 +0.26 DOW (11.45AM EDT) 17,994.98 +74.65
    27 words
  • Article, Illustration
    Lock icon Commodities making a comeback, but investors remain wary
    903 1  -  Analysts say oil and gold appear to be leading nascent recovery; slightly fewer fund managers staying underweight on the asset class in May By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore AFTER years of disappointing returns, commodities have now entered into a bull market
    Source: Bank of America Merrill Lynch, Citi Research; PHOTO: BLOOMBERG  -  903 words
  • Article, Illustration
    Lock icon SGD surges, interest rates ease on weak US jobs data
    706 1  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singapore dollar continued to rally on Tuesday, rising 1.5 per cent from last Friday following the release of the latest US jobs data report which surprised by being lower than expected. The
    Source: Bloomberg  -  706 words
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  • TOP STORIES
    • Article
      Lock icon Global growth slowdown ‘worrying’: World Bank
      798 2  -  It lists the causes: sluggish growth in advanced economies, low commodity prices, and weak trade and capital flows By Anthony Rowley btworld@sph.com.sg Tokyo THE slowdown in global economic growth is continuing to accelerate and, in the absence of more concerted policy counteractions, could turn
      798 words
    • Article
      Lock icon Visa-free travel for Singapore, Myanmar citizens from Dec 1
      602 2  -  SINGAPORE-MYANMAR TIES By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Nay Pyi Taw, Myanmar THE tens of thousands of Singaporeans and Myanmar nationals who travel to and from each other’s countries every year will no longer need a visa for their trips starting December
      602 words
    • Article, Illustration
      Lock icon A toast to an old friend and key partner
      566 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Nay Pyi Taw, Myanmar MYANMAR is both an “old friend” and “important partner” for Singapore, said Prime Minister Lee Hsien Loong on Tuesday, the first day of his official visit to the country. Speaking at a
      PHOTO: ZAOBAO  -  566 words
    • Article
      Lock icon Clinton clinches Democratic nomination: survey
      359 2 NYT New York HILLARY Clinton became the first woman to capture the presidential nomination of one of the country’s major political parties on Monday night, according to an Associated Press survey of Democratic superdelegates, securing enough of them to overcome a bruising challenge from senator
      NYT  -  359 words
    • Article
      Lock icon Singapore increasingly a gateway to S-E Asia for China firms
      443 4  -  MAS chief highlights capital management, infrastructure financing, risk management and asset management SINGAPORE-CHINA FLOWS By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE is well positioned to help Chinese companies invest overseas and this can be seen by the increasing numbers
      443 words
    • Article
      Lock icon IE S’pore-ICBC MOU to power One Belt One Road projects
      717 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore IE SINGAPORE signed on Tuesday a memorandum of understanding (MOU) with the Singapore unit of Industrial and Commercial Bank of China (ICBC) to set up financing and project-structuring support services for Singapore companies
      717 words
    • Article, Illustration
      Lock icon Why has Sime Darby changed tack on E&O investment?
      724 4  -  COMMENTARY By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT WHEN Malaysian conglomerate giant Sime Darby Bhd picked up a 30 per cent stake in niche builder Eastern Oriental Bhd (E&O) five years ago at an eye-popping premium and dodged a general offer (GO), the
      724 words
    • Article, Illustration
      Lock icon Companies can help strengthen regional integration: ESM Goh
      642 4  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore COMPANIES should take the lead to foster closer regional integration in the Asia-Pacific even more so when disputes over sovereignty issues threaten to sour economic progress, said Emeritus Senior Minister Goh Chok Tong. Mr Goh noted
      PHOTO: THE STRAITS TIMES  -  642 words
    • Article
      Lock icon Trade, maritime disputes weigh on Sino-US relations at dialogue
      776 4  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA must reduce overcapacity and grant better market access for American firms, said US Treasury Secretary Jacob Lew in Beijing for the annual two-day Strategic and Economic Dialogue, which ended on Tuesday with no major breakthrough
      776 words
    • Article
      Lock icon Putrajaya in cash-for-shares deal with Proton
      656 5  -  It will inject RM1.25b into carmaker in exchange for 1.25b redeemable convertible cumulative preference shares By Pauline Ng btworld@sph.com.sg Kuala Lumpur IN a few years, the Malaysian government could come full circle with carmaker Proton Holdings Bhd (PHB). Under a conditional share subscription agreement,
      656 words
    • Article, Illustration
      Lock icon Jurong Port is site of world’s largest port-based solar facility
      349 5  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore JURONG Port has completed the S$30 million installation of solar panels on its warehouse rooftop, making it the largest port-based solar facility in the world. The facility also the largest sin-gle-site installation in Singapore
      349 words
    • Article
      Lock icon Yellen’s speech indicates Fed will rethink rate-hike plans
      610 5 NYT Philadelphia THE Federal Reserve, mindful of unexpectedly weak job growth last month, has abandoned hope of raising interest rates at its next meeting in June, but Fed officials say they are still thinking seriously about raising rates in July or September.
      NYT  -  610 words
    • Article
      Lock icon LTA calls tender for third bus package
      323 5  -  By Tan Effie taneffie@sph.com.sg Singapore THE Land Transport Authority (LTA) put up for tender its third bus package under the bus contracting model on Tuesday. The Seletar bus package comprises 24 existing services operating from Ang Mo Kio, Yio Chu Kang and Yishun
      323 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      204 3 (f&ffz OCBC CYCLE SINGAPORE 1-2 Oct 2016 Singapore Sports Hub OCBC Bank V V*' oo QJ 3 >> r/ i i A Um u. r <v u r.-' THE RIDE IS 3 S Si®*? ss YV.Lt IN OCTOBER |§§§mI ipm l&f-W-'.Sifr'. i A-J Tv: -r V >.' THE FUN Ks*tes?
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      94 5 muu\ AWARD WIM»d l©yfl@yi [HOTEL F©i SALE M FEM«, MY 11+1 Elegant classic and distinctive en suite rooms and 50 seat restaurant Superb location in the heritage enclave Exceptional high quality finishing throughout Highly profitable with very good occupancy rate Fully fitted, going concern, fully licensed Freehold and Goodwill Highly
      94 words
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      Lock icon Page 5 Advertisements Column 2
      352 5 Subscribe withSjSlat Singapore Book Fair 2016 and get a $50CASH VOUCHER Existing subscribers without contract who renew or upgrade their package will get a $30 CASH VOUCHER*. 3-9 JUNE 2016 3 June: 4pm-10pm, 4-8 June: llam-IOpm, 9 June: 11am-8pm Suntec International Convention Exhibition Centre Hall 401 402 THE BUSINESS TIMES
      352 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Addvalue soars on sale-of-unit update
      445 6 Consideration revised to S$308m from S$330m but transaction targeted for wrap-up within four months HOT STOCK By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SHARES of Addvalue Technologies soared as much as 90.6 per cent on Tuesday to the day’s high of 6.1 Singapore cents on news
      Source: Bloomberg  -  445 words
    • Article
      Lock icon TTJ nets stronger bottom line in Q3
      302 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BOOSTED by higher revenue and fatter profit margins, structural steel specialist TTJ Holdings reported a net profit of S$ 13.41 million for the third quarter ended April 30, 2016, up from S$ 1.6 million in the corresponding
      302 words
    • CORPORATE DIGEST
      • Article
        Lock icon Mermaid Maritime
        119 6 mermaid Maritime on Tuesday said that its subsidiaries have recently been awarded six different subsea works in Asia, worth about US$15 million in all. The various work scopes include subsea survey, inspection, repair and maintenance, the subsea and offshore drilling services firm said. The jobs will be performed
        119 words
      • Article
        Lock icon Frasers Centrepoint
        122 6 FRASERS Centrepoint Ltd (FCL) and Vietnam-listed boutique developer An Duong Thao Dien Real Estate Trading Investment (ADTD) will, through their joint venture in G Homes House Development, develop a residential-cum-commercial project on a one-hectare prime residential site in Ho Chi Minh City, Vietnam. The estimated development cost is
        122 words
    • Article, Illustration
      Lock icon Money pours into US consumer staples even amid pricey valuation warnings
      535 6 REUTERS San Francisco INVESTORS looking for stability and dividends have been pouring money into consumer staples stocks of late, ignoring warnings from Wall Street’s analysts about pricey valuations for companies like Clorox and Campbell Soup. Widely viewed as relatively
      REUTERS; PHOTO: AFP  -  535 words
    • Article
      Lock icon Private banking offers rich pickings for S’pore banks but it’s an expensive business
      894 7  -  HOCK LOCK SIEW BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT AS economies slow, one business that continues to thrive is private banking. It may be counter-intui-tive and while the rich may fret along with the masses over the
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    • Article
      Lock icon S’pore bond market frenzy distorting credit costs: S&P
      613 7 ASIAN BONDS BLOOMBERG Singapore CORPORATE bond offerings by some of Singapore’s biggest companies are drawing such strong demand from investors that they are artificially lowering borrowing costs for weaker borrowers, according to S&P Global Ratings. Recent offerings from issuers such as state
      BLOOMBERG  -  613 words
    • Article
      Lock icon Bond yields in Asia at record lows, but tide may be about to turn: Nomura
      444 7 BLOOMBERG Hong Kong BORROWING costs for Asian companies have dropped to record lows in the dollar bond market amid a rebound in commodities and China’s property market. Nomura Holdings Inc says the tide is about
      BLOOMBERG  -  444 words
    • Article
      Lock icon Global funds cut Malaysian debt holdings by 1.5% in May
      231 7 BLOOMBERG Kuala Lumpur OVERSEAS ownership of Malaysian debt securities fell by the most in nine months in May as a decline in the ringgit damped the appeal of the country’s assets. Global funds cut holdings of Malaysian bonds and bills
      BLOOMBERG  -  231 words
    • Article
      Lock icon PICTET
      263 7 Pictet-Absl Rtn Fxd Inc-HP EUR 06/02/2016 EUR 103,76 Pictet-Asian Equities Ex Japan-P USD 06/03/2016 USD 182,82 Pictet-Asian Local Currency Debt-P USD 06/03/2016 USD 147,73 Pictet-Biotech-P USD 06/02/2016 USD 630,69 Pictet-Clean Energy-P USD 06/02/2016 USD 72,77 Pictet-Digital Communication-P USD 06/02/2016 USD 235,02 Pictet-Em Lcl Ccy Dbt-P USD 06/02/2016 USD 152,42
      263 words
    • Article
      Lock icon Swiber wins 3 projects worth US$215m in Qatar, S-E Asia
      385 7  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SWIBER Holdings has, in securing three new contracts for projects worth a total of US$215 million in the Middle East and South-east Asia, also marked its first offshore construction project in the Middle East,
      385 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index June 7,2016 2,848.09 +16.81 (0.59%) Current streak 4 days Day high 2,853.64 Day low 2,840.12 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 7,2016 441.20 +6.12 (1.41%) Current streak 3 days Day high 442.02 Day low
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    • Article
      Lock icon GAINERS
      72 8 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5370 169.3 2.4 5677/4478 JMH USD 5638 134.1 1.8 6103/4500 DBXT E50 US$ 4621 108.4 1.8 5249/3968 Jardine C&C 3475 92.0 2.7 4520/2636 JSH USD 2969 86.7 2.2 3300/2524 BY PERCENTAGE CLOSE UP 52w high/low Magnus Energy 0.2 100.0 0.1
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low IS ASIA BND S$D 1451 -26.0 -1.8 1483/1403 IS ASIA HYG S$D 1440 -16.0 -1.1 1499/1407 Shinvest 80 -15.0 -15.8 124/44 DBXT S&P Short US$ 2027 -14.9 -0.5 2393/2026 BHG Retail Reit 70 -9.0 -11.4 85/65 BY PERCENTAGE CLOSE DOWN 52w high/low Nico
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Shinvest 65.0 0.800 -0.150 -15.79 Addvalue Tech 114,829.3 0.046 +0.014 +43.75 Equation 23,048.4 0.006 +0.002 +50.00 Teho Intl 50.1 0.073 -0.016 -17.98 Magnus Energy 67,012.0 0.002 +0.001 +100.00 World Precision 62.5 0.340 +0.040 +13.33 Jason Marine 42.0 0.161 -0.011 -6.40 Stamford Tyres 50.5 0.245 -0.030
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    • Article, Illustration
      Lock icon STI up for 4th day on weak US jobs data
      657 8  -  Analysts say US rate hike next week highly unlikely with poor jobs report and upcoming “Brexit” referendum STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT “BAD economic news is good news’’, at least as far as stocks are concerned. This has been
      Source: Bloomberg  -  657 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 235 -1 236/232 253 209 6.5 6192.9 CapitaCom Trust 141.5 unch 142.5/141 158.5 122.5 6.1 4183.2 CapitaLand 308 +4 308/305 358 267 12.3 2.9 *****.7 CapitaMall Trust 204 unch 205/202 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Cedar Strategic 440,747,100 Addvalue Tech 114,829,300 Ezra 109,451,900 Noble 105,376,800 Magnus Energy 67,012,000 Market volume 2,033,216,000 VALUE UOB 70,257,485 DBS Grp 63,221,821 Singtel 45,597,085 OCBC Bank 38,716,526 CapitaLand 35,142,075 Market value 963,679,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 7 VALUE CLOSE BT OB/OS 206.00 +216.00 BT CADI -*****.00 +109.00 BT 10-day MA -*****.00 +21.00 FTSE ST Mid Cap 677.99 +4.17 FTSE ST Small Cap 393.72 +2.87 FTSE ST All Share 694.06 +4.46 FTSE ST China Top 163.76 +0.48 FTSE ST China 191.50 +0.98 FTSE
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    • Article
      Lock icon SGX ETFs
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 +2 676 290/289 343/254 289/290 CIMBASEAN40 US$ US835 +11 100 835/835 957/700 835/837 131 IS MS INDIA US$ US697 +9 56 698/691 780/575 695/697 87.1 IS Asia BND US US1067 +5 54 1077/1067
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share Index June 7,2016 694.06 +4.46 (0.65%) Current streak 4 days Day high 695.08 Day low 691.61 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index June 6,2016 1,676.98 +6.09 (0.36%) Current streak 2 days Day high 1,680.52 Day low 1,662.95 52-week high 1,922.70 (June 22, 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 4 4 1 0 0 8 4 4 Manufacturing 39 33 30 6 7 8 45 40 38 Commerce 28 12 6 7 4 4 35 16 10 Tpt/Stor/Comms 14 9 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,064 243 18,307 64,598 46 64,644 Manufacturing 97,194 492,443 589,637 111,059 4,270 115,329 Commerce 144,485 21,382 165,867 97,393 761 98,153 Tpt/Stor/Comms 186,878 101 186,979 135,498 9 135,507 Finance 29,178 6 29,184 186,106 1 186,107 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Office Reits
        215 8 DBS Group Research, June 7 Asia Square Tower 1 has reportedly been sold to Qatar Investment Authority (QIA) for a record price of S$3.4 billion. This implies a price of S$2,667.5 psf NLA for the tower which comprises close to 1.2 million sq ft of office space
        215 words
      • Article
        Lock icon Lippo Malls Indo Retail Trust | Buy (upgrade)
        112 8 Lippo Malls Indo Retail Trust Buy (upgrade) Target price: S$0.35 June 7 close: S$0.33 OCBC Research, June 7 The Indonesian Retailers Association (Aprindo) expects retailer sales to increase between 10-12 per cent this year over last year’s 150 trillion rupiah. With the expansion plans of local retail players as well
        112 words
      • Article
        Lock icon Dutech Holdings Limited | Add
        143 8  - Dutech Holdings Limited Add Compiled by Andrea Soh Target price: S$0.61 June 7 close: $0.48 CIMB Research, June 3 As Asia’s largest safe maker, Dutech fulfils over 50 per cent of the safe demand from Diebold and wincor Nixdorf, the world’s No 2 and 3 ATM makers that together command
        143 words
    • Article
      Lock icon CALENDAR
      13 8 DATA I June 8 S’pore COE bidding results US MBA mortgage applications
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    • Article
      Lock icon Swiss franc edges past 1.10 to euro
      360 9 CURRENCIES REUTERS London THE Swiss franc strengthened past 1.10 to the euro for the first time in more than a month on Tuesday with some dealers citing speculation of a boost from a Polish mortgage conversion scheme and pressure on Swiss officials to
      REUTERS  -  360 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.951 4.887 0.654 5.776 49.635 98.720 0.801 8.611 3.026 1.072 77.823 34.286 1.008 11.053 0.720 23.949 26.221 0.512 0.744 Canada 1.052 5.142
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jun 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0070 1.0084 0.7434 0.7439 Canadian dollar 1.0596 1.0607 0.7825 0.7822 Euro 1.5391 1.5405 1.1362 1.1364 NZ dollar 0.9397 0.9408 0.6937 0.6940 Sterling pound 1.9674 1.9694 1.4524 1.4528
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jun 7 S$ Bid Offer 1-month 1.3550 1.3562 2-months 1.3556 1.3568 3-months 1.3563 1.3576 6-months 1.3580 1.3594 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        393 9 Jun 7 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9352.50 9432.50 9342.50 9387.50 ***** *****6 Jul16 9237.50 9300.00 9215.00 9260.00 746 2592 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 *****5 *****1 Sep16 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active Jun 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 7.5 0.7 7292 0.2 600 5 DBS MB eCW*****1 10.4 0.2 6308 0.1 1620 4 Ezion Holdings W*****4 15.6 0.7 1767 1 50 17
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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 Jun 6 Index Change Change Change Change Change Change World Preliminary 1271.9 0.4 -0.5 0.3 -2.9 0.5 1.4 EAFE Preliminary 948.5 0.3 -6.4 0.1 -6.5 0.4 -2.3 Europe Preliminary 1350.7 0.5 -4.4
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 7 $S Offer Bid 0vernight 0.03 0.01 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.02 US$ Offer Bid 7 days 0.50 0.40 1 month 0.50 0.40 2 months 0.65 0.45 3 months 0.80 0.60 6 months 1.10 0.90 9 months 1.30 1.10 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 Jun 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.19 5-Year NX*****X 2.250 01-Jun-21 103.21 103.25 103.22 10-Year NX*****F 2.125 01-Jun-26 100.26 100.33 100.25 15-Year NZ*****F 2.875 01-Sep-30 106.24 106.45 106.35 20-Year NZ*****V 3.375 01-Sep-33 113.27 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-6 Price Net change change Last Trade Agricultural Jun-6 CBOT Soybeans (US cents/bu) 1138.25 6.25 0.55% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.51 0.25 0.77% 14/07/2016 CBOT Wheat (US cents/bu) 507.50 10.25 2.06% 14/07/2016 Jun-6 LIFFE Cocoa (£/tonne) 2258.00 17.00 0.76% 14/07/2016 LIFFE Coffee (US$/tonne) 1665.00 24.00 1.46%
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    • Article
      Lock icon Great Eastern sells Vietnam business for S$48.2m
      450 10  -  OCBC unit wants to focus more on core markets, including Singapore; buyer is Pacific Century Group’s FWD By J Lossini jlossini@sph.com.sg Singapore GREAT Eastern Holdings (GEH), the insurance arm of Oversea-Chinese Banking Corporation (OCBC), has sold its Vietnam business for S$48.2 million to
      450 words
    • Article
      Lock icon Q&M to acquire 47.14% stake in China dental lab
      227 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore Q&M Dental Group has entered a binding memorandum of understanding to acquire a 47.14 per cent stake in Shenzhen New Perfect Dental Research (SZNP) for 66 million yuan (about S$ 13.8 million). This translates into
      227 words
    • Article
      Lock icon Advertisers can now reach VivoCity mall visitors through SPHMBO
      298 10  -  By Renald Yeo yrenald@sph.com.sg Singapore SPHMBO, the out-of-home advertising arm of Singapore Press Holdings, has spread its advertising network to VivoCity, Singapore’s largest retail and lifestyle mall. The collaboration between SPHMBO and VivoCity has made it possible, starting this month, for
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    • Article
      Lock icon Everbright closing China hedge fund after poor returns during last year’s rout
      624 10 BLOOMBERG Singapore CHINA Everbright Ltd, a Hong Kongbased money manager that runs more than US$5 billion, is closing a China-focused hedge fund after its performance suffered during the country’s market rout last year. The firm has reallocated half
      BLOOMBERG  -  624 words
    • Article
      Lock icon SGX MAINBOARD
      1912 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 138 unch 100 138 136.5 0.9 8.2 878.3 Div 170.7 101 ARA Asset Mgmt 139 +2 241 139
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    • Article
      Lock icon SGX CATALIST
      302 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 10.4 +0.4 5950 10.5 10 29.1 Sale C000) High LOW C'vr P/E 8.8 32 16.7 t CNMC
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    • Article
      Lock icon SGX ETF
      176 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 101.9 69.1 CIMB APAC Div US$ US78.7 +3.7 0 78.7 78.7 8.3 1294 991 CIMBASEAN40 S$D 1148 +19 0 1148 1148 957 700 CIMBASEAN40 US$ US835 +11 100 835
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      2067 6 ©noble group NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of Noble Group Limited (the “Company") will be held at Grand Ballroom, Level 4, Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore *****3 on
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      8 7 SWAT Accounting www,AccountStaff.com.sg lnfo(a)AccountStaff.com,sg T +65 6594 7946
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      15 7 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      1905 10 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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  • REAL ESTATE
    • Article, Illustration
      Lock icon Playboy Mansion to be sold to its neighbour for over LSSlOOm
      408 12 Daren Metropoulos to buy the Holmby Hills estate where Playboy founder Hugh Hefner will continue to live BLOOMBERG Boston THE Playboy Mansion is under contract for more than US$100 million. The buyer: a 32-year-old son of a billionaire who
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      Lock icon UK house prices up higher than expected in May
      322 12 London BRITISH house prices rose faster than forecast last month, rebounding from a dip in April caused by a new tax on rental property, figures from mortgage lender Halifax showed on Tuesday. Halifax said house prices rose by 0.6 per cent
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    • Article
      Lock icon Bill Gates, Saudi prince said to be seeking sale of Four Seasons Toronto
      356 12 REUTERS Toronto BILLIONAIRE investor Bill Gates and Saudi Prince Alwaleed bin Talal Al Saud are seeking to sell Toronto’s landmark Four Seasons Hotel for almost C$1 million (S$1.06 million) a room in what would be the highest
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      Lock icon The Paris Ritz re-opens after 4 years
      515 13 There is now a tea salon inspired by the writer Marcel Proust and the world’s first-ever spa designed by Chanel WP Paris THE Paris Ritz is finally back in business. On Monday, the storied hotel on Paris’s Place Vendome, the elegant, 18th-century square
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      Lock icon Hotel industry likely to consolidate further: Blackstone
      413 13 BLOOMBERG New York THE hotel industry will continue to consolidate as operators seek to drive efficiencies and capture more customers, said Jon Gray, global head of real estate for Blackstone Group LP, the largest shareholder in Hilton Worldwide Holdings Inc. “It’s more efficient
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      36 12 ®JU. International Residential Property Services +65 8125 7636 Vanessa Chan a m f i A Are you overpaying your RENT? RENT X-Value™ of your home V $2,600 ($2.34 psf) Down by $200 over last quarter SRX.com.sg/property-tracker
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      31 12 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      174 13 i ST JOBS %>CAREER& DEVELOPMENT2016 ALL ABOUT ITS I “nr- j i! J <v B i BRINGING OUT THE BEST IN YOU Look forward to an enriching job hunting experience at the fair, with greater opportunities for networking, career talks and learning development. Sat Sun, 2 3 July 2016 10am
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  • BANKING & FINANCE
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      Lock icon Deutsche Bank abandons digital bank plan in strategy U-turn
      436 14 German lender sees project diverting resources from innovating its offerings to clients and rebuilding infrastructure BLOOMBERG London DEUTSCHE Bank AG chief executive officer John Cryan said Germany’s largest lender is abandoning plans for a new digital bank in the US, led
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      Lock icon GE Power chief sees financing hurdles to US$8b sales haul
      356 14 BLOOMBERG New York THE head of General Electric Co’s (GE) power business sees more than US$8 billion of sales opportunities around the globe facing possible delays as energy projects search for financing in a capital-constrained world. The stalled resumption of
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      Lock icon Japanese investors turn to Wall St bonds for higher yields
      614 14 BLOOMBERG Tokyo JAPAN’S yield-hungry individual investors are shopping for bonds on Wall Street as the country’s companies sell record amounts of dollar-de-nominated debt. SBI Holdings Inc started offering a fund featuring Japanese corporate US currency debt on Tuesday, competing with
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      Lock icon McKinsey’s MIO unit: a case of conflict of interest?
      607 14 BLOOMBERG London MCKINSEY Co has a US$9.5 billion internal investment arm that manages money for partners and former employees and invests in everything from startups to hedge funds that bet on mergers and acquisitions. The unit, which started operating as MIO
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      66 14 A Uniquely Positioned Event An Effective Marketing Branding Platform for Financial Institutions in Asia. What Makes INVEST Fair Unique? Largest Investment Event In Singapore Proven Results For Exhibitors Maximum Unlimited Marketing Possibilities Extensive Marketing On Print, Online, Outdoor, Radio, Social Media and Other Platforms Flexible Sponsorship Packages CELEBRATING 10 SPLENDID
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      27 14 JUNE ISSUE OUT NOW! IN THIS ISSUE /6*),44," 7)$/410+. GENERATION ENTERPRISE $4*0 ")10, IN THIS )%361!5)+ Enjoy20% OFFwhen you subscribe to the print edition now! Visit www.hardwaremag.com
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      127 14 OFFIC r ASIA 2016 29 JUNE -1 JULY Level 1, Hall A, Sands Expo Convention Centre Marina Bay Sands, Singapore GRAND PRIZE DRAW *m| PLATINUM SPONSORS < WIN GREAT PRIZES at OFFICE EXPO ASIA PRE-REGISTER ON LINE TO RECEIVE A GAME CARD WHEN YOU ARRIVE ’'Terms Conditions apply. Exchange the
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  • ENERGY & COMMODITIES
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      Lock icon Quest for cheaper metals trading driving move to start LME rival
      599 15 Brokers on exchange are concerned there is a disconnect between markets and users BLOOMBERG London IN the face of sliding volumes and tougher regulation, the London Metal Exchange (LME) may be getting a new challenge: more competition. Martin Abbott,
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      Lock icon EON shareholders vote on spinoff even as its value is questioned
      546 15 BLOOMBERG Dusseldorf SHAREHOLDERS of Germany’s largest utility are set to vote on its breakup as some in the investment community question the value in EON SE’s split to focus on renewable energy, networks and retail customers. Owners of the
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      Lock icon China exporting fuel at unprecedented pace
      863 15 BLOOMBERG Singapore AFTER supplying the world with everything from Victoria’s Secret lingerie to iPhones and Barbie dolls, China is now producing fuel that’s finding its way to pumps across the globe. The Asian manufacturing giant is turning a record amount of crude into refined
      BLOOMBERG; PHOTO: AFP  -  863 words
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      1402 15 NOTICES Nico Steel Solutions NICO STEEL HOLDINGS LIMITED (Incorporated In the Republic of Singapore) (Company Registration No.: *****4166D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of NICO STEEL HOLDINGS LIMITED (the “Company”) will be held at Chancery Room 503, Level 5, RELC
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  • TECHNOLOGY
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      Lock icon Internet advertising to be a key growth area in entertainment and media industry: PwC
      1128 16  -  Singapore’s total online advertising expected to grow to US$616 million in 2020 By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore INTERNET advertising will be a key area of growth as Singapore’s combined entertainment and media revenues rise
      Source: PwC’s Entertainment & Media Outlook 2016-2020  -  1,128 words
    • Article
      Lock icon Oracle whistleblower suit raises questions over cloud accounting
      607 16 REUTERS San Francisco A WHISTLEBLOWER lawsuit filed against Oracle Corp over its accounting practices underscores the pressures established computer companies face to show that they are growing in the fast-moving business known as the cloud. The lawsuit, filed on Wednesday in US
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      Lock icon Economic payoff from technology remains elusive in US
      1001 16 NYT New York YOUR smartphone allows you to get almost instantaneous answers to the most obscure questions. It also allows you to waste hours scrolling through Facebook or looking for the latest deals on Amazon. More powerful computing systems can predict the
      NYT; PHOTO: BLOOMBERG  -  1,001 words
  • Page 16 Advertisements
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      50 16 comex SINGAPORE’S BIGGEST I.T. AND CONSUMER ELECTRONICS EXHIBITION BOOK YOUR SPACE! jDggj SELL YOUR TECH PRODUCTS 8 SERVICES TO THOUSANDS OF CONSUMERS DIRECTLY 8-11 SEP 2016 SUNTEC SINGAPORE 1-3,486 TRADE-IN STAR BUYS-GAMEX RESERVE YOUR BOOTH] Tel: 6747 4620 El sales@exhibitsinc.com.sg www.comexshow.com.sg n ComexITShow ORGANISED BY: Exhibits Inc A SUBSIDIARY Of
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      38 16 “A mustread for anyone interested in original and insightful observations of Singapore society, from the big to the small issues.” HO KWON PING executive chairman of Banyan Tree Holdings Now on sale at all major bookstores and www.stpressbooks.com.sg
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  • CONSUMER
    • Article
      Lock icon Kimberly-Clark launches new manufacturing lines at Singapore plant
      493 17  -  By Gladys Yeo gladyeo@sph.com.sg Singapore US-BASED consumer packaged goods company Kimberly-Clark on Tuesday expanded its manufacturing operations in Singapore to include the manufacturing of diaper pants and baby wipes to the region. This was revealed at the official opening of the two
      493 words
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      Lock icon Samsung Bioepis races to get biosimilar drugs on the market
      923 17 Korean conglomerate hopes its biopharmaceuticals push can help offset a slowing smartphone market REUTERS Seoul AS Samsung Bioepis raced to be first to market with a copy of Enbrel, a blockbuster rheumatoid arthritis drug, countdown clocks reminded workers: heading for
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      Lock icon Samsung said to be mulling over bendable screen phones for ’17
      503 17 BLOOMBERG Seoul SAMSUNG Electronics Co is considering introducing two new smartphone models that will feature bendable screens, including a version that folds in half like a cosmetic compact, people familiar with the matter said. The devices using organic light-emitting
      BLOOMBERG; FILE PHOTO  -  503 words
  • Page 17 Advertisements
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      897 17 NOTICES FORISE INTERNATIONAL LIMITED (Company Registration No.: *****4077W) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM") of Forise International Limited (the “Company") will be held at 4 Shenton Way SGX Centre 2 #17-01 Singapore *****7 on 23
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China to give US a 250b yuan investment quota for the first time
      592 18 Move deepens financial ties between countries; Beijing also assures US the yuan will not weaken further REUTERS Beijing CHINA said it will give the United States a 250 billion yuan (S$52 billion) investment quota for the first
      REUTERS  -  592 words
    • Article
      Lock icon Shell says it could exit up to 10 countries
      360 18 AFP London ENERGY giant Royal Dutch Shell said on Tuesday it could exit up to 10 countries under a previously announced plan to sell oil and gas assets over two years. Following its recent huge takeover of rival BG Group, the
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      Lock icon WTO chief warns of complex, lengthy trade deal talks post-Brexit
      777 18  -  By Neil Behrmann btworld@sph.com.sg London BRITAIN’S trade deal negotiations with both the European Union (EU) and other nations are likely to be lengthy and complex, warned Roberto Azevedo, director-general of the World Trade Organization (WTO). On a visit to London,
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      Lock icon Rajan keeps mum on plans after holding India rates
      753 18 BLOOMBERG New Delhi INDIAN central bank governor Raghuram Rajan urged patience regarding his future plans after holding interest rates at a five-year low. “In all such cases the decision is reached after discussions between the government and the incumbent,” Mr Rajan
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      Lock icon Saudi reform to boost non-oil revenue, suppress public-sector salaries
      562 18 REUTERS Jeddah SAUDI Arabia plans to more than triple the government’s non-oil revenues and clamp down on public-sec-tor salaries over the next five years, ministers said on Monday as they described reforms designed to reduce the economy’s dependence on oil and
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  • TRANSPORT
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      Lock icon Malaysia Air should continue overhaul: CEO
      534 19 Outgoing chief says carrier is on course for full-year profit in 2018 as targeted BLOOMBERG London MALAYSIA Airlines Bhd chief executive officer Christoph Mueller, midway through a six-month notice period following his surprise resignation in April, said the company should resist unwinding a turnaround
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    • Article
      Lock icon Hyundai Motor scion ventures into luxury cars with Genesis brand
      845 19 BLOOMBERG Seoul HYUNDAI Motor Co chairman Chung Mong-koo proved the South Korean carmaker can build reliable, val-ue-for-money cars by beating Toyota Motor Corp and Volkswagen AG in benchmark US quality surveys. His son now wants to show Hyundai can be
      BLOOMBERG  -  845 words
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      Lock icon Ford in talks to build Lincoln models in China: sources
      762 19 BLOOMBERG Southfield, Michigan FORD Motor Co, aiming to make China the top market for its Lincoln luxury line, is in talks with partner Changan Automobile Group about producing the brand’s vehicles in Chongqing, according to people with knowledge of the
      BLOOMBERG; PHOTO: AFP  -  762 words
    • Article
      Lock icon Cut in shipbuilding capacity needed
      850 19  -  Having too many yards competing for too few orders is not as wonderful as shipowners think STRAIT TALK BY DAVID HUGHES SHIPYARDS face one of their toughest years in recent history, even as they try to adjust to new economic realities, said a paper presented
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  • OPINION
    • Article
      Lock icon Globalism is neither dead nor dying but it does need fixing
      567 20 EDITORIAL THERE was a time, many light years ago, long before the onset of the Internet-driven 24/7 media age, when politicians and pundits would wait for a while before trying to figure out what was happening out there and
      567 words
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      Lock icon ‘Trumpism’ takes an ugly un-American turn
      1327 20  -  Trump’s racist rhetoric will help Clinton and strengthen her position among ethnic groups By Leon Hadar Washington Americans who travel abroad are sometimes surprised when foreigners inquire about their nationality. If you are a citizen of the United States and carry a US passport,
      PHOTO: AFP  -  1,327 words
    • Article
      Lock icon Raise China’s growth by issuing more renminbi bonds
      715 20  -  THE BOTTOM LINE By Yu Yongding T The writer is a former director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and a former member of the Monetary Policy Committee of the People’s Bank of
      715 words
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      Lock icon Abe not alone in emphasising fiscal stimulus
      992 21  -  COMMENTARY By Anthony Rowley Tokyo SHINZO Abe, economics guru. The description seems unlikely at first sight but with his recent emphasis on the need for fiscal stimulus in the world’s most advanced economies, the Japanese prime minister has emerged as something of an
      992 words
    • Article
      Lock icon Innovation vital to grow region’s flourishing cruise industry
      713 21  -  By Sean Treacy T The writer is managing director, Singapore and South-east Asia, of Royal Caribbean Cruises Ltd. AS the Asian cruise industry continues on a trajectory of rapid growth, it is interesting to consider the opportunities and challenges presented for Singapore
      713 words
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      Lock icon Summer of sporting risk kicks off this week
      1142 21  -  The problems afflicting Euro 2016 and Rio Olympics underline the massive challenge and expense of hosting such mega events. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at LSE ideas (the Centre for international Affairs, Diplomacy and Strategy)
      PHOTO: AFP  -  1,142 words
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      245 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 138 BST090 09/06/2016 10/06/2016 Buatan/Buatan DAILY Marco Polo 128 BST016 09/06/2016 10/06/2016 Buatan/Buatan DAILY Marco Polo
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Will Brexit endanger Britain’s famous pork pies and real ale?
      427 23 BLOOMBERG London IMAGINE a game of cricket on a village green in the English countryside. The pace is slow. You won’t miss much as you sit and enjoy a picnic. How about a Melton Mowbray pork pie, where you bite
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      Lock icon Viktor Korchnoi, chess giant who drew Soviet ire, dies at 85
      1163 23 He won his first major tournaments in the 1940s, but never captured world championship in over 60 years as an elite player NYT New York VIKTOR Korchnoi, who was widely considered one of the greatest chess players in history
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      Lock icon US hotels aim to stand out with local art
      930 23 NYT New York SEEKING to appeal to guests’ desire for new experiences and stand out in a competitive market, hotel brand managers are mining their local art communities for everything from inspiration to installations. “I think the travellers today are exposed
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      323 23 CRYPTIC CROSSWORD Across 1 Tie up troops in creating chances of advancement (13) 10 Transport system that’s essential to divers (7) 11 This month, everyone is to get ready to work (7) 12 A slow mover that may be fired (4) 13 They don’t do themselves any good when they
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  • EXECUTIVE MONEY
    • Article
      Lock icon Jitters over prolonged global expansion cycle
      793 24  -  With conventional wisdom favouring another 3 years of the current cycle, equities rather than bonds remain a safe bet. BY ANTHONY RAZA MONEY MATTERS BY ANTHONY RAZA The writer is head of Multi-Asset Strategy, UOB Asset Management FROM December 2015 to February 2016, the
      793 words
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      Lock icon Tax amnesty seen unlocking gains in Indonesian property stocks
      747 24 BLOOMBERG Jakarta ONE of the biggest winners from an Indonesian tax amnesty may turn out to be the shares of real-estate developers, as funds get channelled into investments in the nation’s houses and apartments. Bank Indonesia estimates about 560 trillion rupiah
      BLOOMBERG; PHOTO: AFP  -  747 words
    • Article
      Lock icon More Singapore stock is sold than bought by global funds
      474 24 GLOBAL mutual funds continued to sell more stocks than they bought in the three months to June 1. Based on transactions on the top five stocks, there were net sells of S$890.1 million compared to net buys of S$536.6 million.
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    • Article
      Lock icon US treasury bills plagued by the most volatility since ’08
      630 24 BLOOMBERG New York THE US$1.5 trillion market for US Treasury bills, known as an oasis of stability for investors worldwide, is experiencing the most volatility since the financial crisis. Daily swings in the government’s shortest-maturity obligations are widening as debate
      BLOOMBERG  -  630 words