The Business Times, 28 June 2016

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Total Pages: 26
1 26 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 GTuesday, June 28, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    223 1 Malaysian Prime Minister Najib Razak has promoted a number of party leaders and tasked them with coming through for the ruling coalition Barisan Nasional in the next general election, which some analysts expect to be called within the next 12 months.TOP STORIES 2 Google’s Android Pay mobile payment
    223 words
  • Article
    Lock icon Shaken investors run for cover as Brexit pummelling continues
    1214 1  -  Telcos, Reits and firms that will benefit from a strong US dollar prove popular, but analysts are split about whether it was time to go bargain-hunting By Kenneth Lim kenlim@sph.com.sg @kennethLimBT Singapore SINGAPORE investors huddled behind the stability of telcos and
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  • Article
    Lock icon SGX to play to its strengths in Reit, consumer, healthcare
    797 1  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SINGAPORE-BASED aircraft leasing firm BOC Aviation may have chosen to list in Hong Kong but if it decides it wants to securitise any part of its business into a trust, the Singapore bourse may
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  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 2,729.85 -5.54 KL COMP 1,629.52 -4.53 NIKKEI 225 15,309.21 +357.19 HANG SENG 20,227.30 -31.83 SHENZHEN B 1,083.54 +15.44 DOW (11.45AM EDT) 17,152.54 -248.21
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  • TOP STORIES
    • Article, Illustration
      Lock icon SIA plane catches fire on runway, no one hurt
      420 2  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBt Singapore A SINGAPORE Airlines’ aircraft en route to Milan with 241 people on board caught fire as it made an emergency landing at Singapore’s Changi Airport early on Monday. There were no injuries. Flight SQ368, a
      PHOTO: AFP  -  420 words
    • Article, Illustration
      Lock icon Najib reshuffles Cabinet; analysts see general election in 12 months
      713 2  -  New Cabinet mostly a recycling of faces and is one of biggest with about 35 ministers, 30-plus deputies By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIAN Prime Minister Najib Razak has tweaked his Cabinet by promoting a number of party leaders
      PHOTO: AFP  -  713 words
    • Article
      Lock icon Singapore is third country to launch Google’s Android Pay
      683 2  -  By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Singapore GOOGLE’S Android Pay mobile payment service will be available from Tuesday, offering contactless MasterCard and Visa payments through the cards issued by five banks here, as well as future support for gift and loyalty cards
      683 words
    • Article
      Lock icon Brexit might have done S’pore property a favour
      563 4  -  COMMENTARY By Andy Mukherjee BLOOMBERG FOR all the damage that it is doing to a fragile global economy, “Brexit” might have some unintended positive consequences. Among them, perhaps, a soft landing for Singapore’s wobbly property market. With hindsight, the seemingly excessive S$3.4
      BLOOMBERG  -  563 words
    • Article
      Lock icon Threat of intervention keeps yen speculators at bay
      608 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE yen’s appreciation was slowed by a post-Brexit standoff on Monday, as the Japanese authorities stepped up their threats of currency intervention to counter fears that speculators would dump the pound and other key currencies and build
      608 words
    • Article, Illustration
      Lock icon UK tries to soothe nerves ahead of meeting with EU leaders
      852 4  -  Despite George Osborne’s reassurances of strength of the UK economy, sterling and stock markets continue to slide BREXIT FALLOUT By Neil Behrmann btworld@sph.com.sg London THE fractured Conservative government has begun to soothe local and international nerves ahead of a
      PHOTO: REUTERS  -  852 words
    • Article
      Lock icon A boon for European cities poaching UK bankers
      727 4 BLOOMBERG London THOUSANDS of jobs at London’s largest financial institutions are at risk of leaving the country after the UK voted to exit the European Union. The cities most likely to reap the benefits include Paris, Frankfurt and Dublin. A majority of
      BLOOMBERG  -  727 words
    • Article, Illustration
      Lock icon Shares of Singapore property firms with British exposure weaken further
      730 5  -  This comes as British pound continues to fall and analysts recommend defensive plays such as Reits and telcos BREXIT FALLOUT By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE stocks gained some footing on Monday after Friday’s shock from the United Kingdom
      Source: Bloomberg  -  730 words
    • Article, Illustration
      Lock icon Li Ka-shing is Hong Kong’s biggest Brexit loser
      437 5 BLOOMBERG Shanghai BREXIT is bad news for Li Ka-shing. Since Britain unexpectedly voted to leave the European Union (EU), his CK Hutchison Holdings Ltd and Cheung Kong Infrastructure Holdings Ltd have fallen more than 8 per cent, making them the biggest losers
      BLOOMBERG  -  437 words
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      Lock icon Page 2 Advertisements Column 1
      197 2 MS Wednesday, 20 July 2016 Orchard Hotel IRAS has issued new guidelines or revisions to its GST e-Tax Guides in recent months. Join us at our upcoming seminar to gain a comprehensive update on the changes and its impact on your business. Our experienced tax practitioners will share tips on
      197 words
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      Lock icon Page 2 Advertisements Column 2
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  • Page 5 Advertisements
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  • COMPANIES & MARKETS
    • Article
      Lock icon Guidelines needed to raise quality of risk disclosure by crowdfunding platforms
      1065 6  -  HOCK LOCK SIEW BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THE heat is on in the Singapore crowdfunding space and this comes, unsurprisingly, on the back of clearer regulations introduced recently. Clearer rules aimed not only at control but also at
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    • Article, Illustration
      Lock icon Anchor Resources’ shares up on acquisition news
      399 6  -  Gold miner plans to take over granite firm to diversify revenue base HOT STOCK By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore BARELY four months after its shoddy Catalist debut following a S$7.2 million share placement, Malaysian gold miner Anchor Resources has proposed to acquire
      Source: Bloomberg  -  399 words
    • Article, Illustration
      Lock icon Jim Rogers picks US$ over gold as investment haven
      560 6 Investor’s view is at odds with forecasts of gain of more than 7% for metal BLOOMBERG Singapore WHILE analysts and traders from New York to London bet that gold will go higher, veteran investor Jim Rogers would rather seek haven in
      BLOOMBERG  -  560 words
    • Article
      Lock icon Singapore CEOs more upbeat than Asean, global counterparts
      469 6  -  By J Lossini Jlossini@sph.com.sg Singapore DESPITE the growing economic uncertainty, Singapore CEOs are more confident about their country’s growth than their Asean and global counterparts, according to a KPMG study released on Monday. The KPMG 2016 Global CEO Outlook study shows that
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    • Article
      Lock icon S-Reits a safe haven yield play post-Brexit: analysts
      720 7  -  They are seen benefiting from expected delay in US rate hike; but those with UK and EU exposure have to reckon with currency risk exposure By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AS global investors rush to safety following the “Brexit” vote, Singapore
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    • CORPORATE DIGEST
      • Article
        Lock icon Chip Eng Seng Corporation
        50 7 MAIN BOARD-LISTED construction and property group Chip Eng Seng Corporation has appointed former transport minister Lui Tuck Yew as an independent director. In a filing to the local bourse on Monday, it said that the appointment of Mr Lui, 54, will take effect from July 1.
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      • Article
        Lock icon Ryobi Kiso Holdings
        69 7 ENGINEERING and construction company Ryobi Kiso Holdings Ltd has secured additional contracts worth S$56.7 million, bringing the total value of contracts secured since Jan 1, 2016 to date to S$90 million, it said on Monday. The group’s net order book as at March 31, 2016 stood at
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      • Article
        Lock icon QT Vascular
        62 7 CATALIST-LISTED QT Vascular on Monday said that it has received regulatory clearance from the United States Food and Drug Administration (FDA) for the sale and distribution of its Chocolate XD PTCA catheter, which is for balloon dilatation of the stenotic portion of coronary artery or bypass graft stenosis.
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      • Article
        Lock icon Advance SCT
        142 7 MAINBOARD-LISTED Advance SCT has roped in BT Consulting Management to study the various options to resolve its outstanding debt issues and undertake a strategic business review. Advance SCT, a supplier of copper-based products which had applied to the Singapore High Court in February to enter into a scheme
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      • Article
        Lock icon Keppel Corporation
        105 7 keppel Corporation said its wholly owned subsidiary, Third Dragon Development Pte Ltd, held through Keppel Land Limited, has divested its entire 95 per cent interest in Jiangyin Yangtze International Country Club Co Ltd to Changzhou Wan Bang Qi Che Xiao Shou Fu Wu Co Ltd for 52.6 million
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    • Article
      Lock icon Local demand shielding Asian bonds after Brexit
      292 7 BLOOMBERG Hong Kong THE relative stability of Asian dollar bonds after Britain’s vote to leave the European Union shows how rising local demand is shielding the region’s debt from global market volatility, Pacific Investment Management Co and JPMorgan Chase Co say. “I see
      BLOOMBERG  -  292 words
    • Article, Illustration
      Lock icon STI / Catalist
      32 8 STI Catalist Straits Times Index June 27,2016 2,729.85 -5.54 (-0.20%) Current streak 2 days Day high 2,750.27 Day low 2,709.56 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon Reits shine amid post-Brexit volatility
      651 8  -  STI dips 5.5 points after rebound from initial sharp fall; pressure on stocks with UK exposure not as much as feared STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT PREDICTABLY, “Brexit” considerations dominated a volatile Monday, though at the back of the minds of traders was always
      Source: Bloomberg  -  651 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 237 +7 240/231 253 209 6.5 6250.5 CapitaCom Trust 143 +3.5 144/139 157 122.5 6 4227.6 CapitaLand 288 -1 292/287 358 267 11.5 3.1 *****.8 CapitaMall Trust 206 +6 210/198.5 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Anchor Resources 61,921,500 Cedar Strategic 51,207,300 Noble 43,858,500 Ezra 42,603,900 Golden Agri-Res 25,828,700 Market volume 1,496,255,000 VALUE DBS Grp 180,673,088 Singtel 88,918,324 UOB 65,379,251 OCBC Bank 52,541,910 Global Logistic 44,240,368 Market value 1,146,482,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 27 VALUE CLOSE BT OB/OS -493.00 +149.00 BT CADI -*****.00 -45.00 BT 10-day MA -*****.00 -49.00 FTSE ST Mid Cap 653.46 +0.28 FTSE ST Small Cap 378.66 -0.61 FTSE ST All Share 667.25 -0.88 FTSE ST China Top 154.23 -1.30 FTSE ST China 182.54 -1.92 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share ftse ST All-Share index June 27,2016 667.25 -0.88 (-0.13%) Current streak 2 days Day high 670.65 Day low 662.81 52-week high 806.37 (July 20,2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index June 24,2016 1,567.26 -119.78 (-7.10%) Current streak 1 day Day high 1,685.49 Day low 1,554.12 52-week high 1,894.42 (July 21, 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 4 10 2 0 1 0 4 11 2 Manufacturing 22 34 29 9 4 8 31 38 37 Commerce 6 18 16 0 1 5 6 19 21 Tpt/Stor/Comms 9 16 7
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    • Article
      Lock icon GAINERS
      105 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 151.6 0.9 *****/***** JMH USD 5457 36.5 0.5 6103/4500 DBXT China50 US$ 2721 27.1 0.7 3810/2355 DBXT MSJAP US$ 4568 27.1 0.4 5161/4031 DBXT MSINDO US$ 1259 24.4 1.5 1352/911 BY PERCENTAGE CLOSE UP 52w high/low LionGold 0.3 50.0 0.1
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -315.3 -1.1 *****/***** DBXT Nifty US$ ***** -171.9 -1.0 *****/***** DBXT MSEurope US$ 4925 -101.5 -1.5 6064/4770 DBXT E50 US$ 4083 -97.4 -1.7 5242/3918 DBXT MSTaiwan US$ 1979 -89.3 -3.2 2171/1667 BY PERCENTAGE CLOSE DOWN 52w high/low OCBC Bk
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE Star Pharm 160.0 0.160 -0.034 -17.53 Infinio 1,109.9 0.002 -0.001 -33.33 Singapore-eDev 250.0 0.031 +0.005 +19.23 Versalink 71.1 0.166 +0.014 +9.21 Ryobi Kiso 111.9 0.200 +0.015 +8.11 Eucon 110.2 0.014 -0.007 -33.33 CNMC Goldmine 22,368.9 0.395 +0.035 +9.72 GCCP 23,111.6 0.064 +0.007 +12.28 Charisma Energy
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    • BROKERS’ TAKE
      • Article
        Lock icon Oil and gas sector
        151 8 DBS Group Research, June 27 The Brexit decision has triggered higher risk aversion, which will likely make it more difficult for oil to trade sustainably above the US$50/bbl level in the near-term. Simon Flowers, chairman of global oil consultancy Wood Mackenzie, has suggested that companies considering
        151 words
      • Article
        Lock icon Singapore strategy
        92 8 Maybank-Kim Eng Research, June 26 The UK has voted 52:48 to leave the EU. Few stocks have significant direct exposure, but the indirect exposure will reverberate. In short, it’s an environment not for growth stocks but defensive yields: prefer Reits and telcos to growth oriented plays. Reits lock
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      • Article
        Lock icon Singapore strategy
        207 8  -  Compiled by Jamie Lee CIMB Research, June 25 We see this knee-jerk sell-down as an indiscriminate one, not focused on any direct exposure with the GBP or euro. We expect the weakness to continue as the market grapples with the uncertainties surrounding contagion risks. Brexit has set the
        207 words
    • Article
      Lock icon SGX ETFs Most Active
      109 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 280 462 281/278 343/254 279/280 IS ASIA HYG US$ US1050 -12 248 1052/1050 1130/977 1050/--DBXT MSBrazil US$ US305 -8 120 305/299 362/190 304/306 Lyxor Japan US$ US117.6 cd +2.3 90 119.5/117.6 133.3/103.5 -/-18.8 GLD
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,992 336 24,328 53,644 62 53,705 Manufacturing 58,171 93,523 151,694 76,050 1,247 77,297 Commerce 72,256 11,059 83,315 41,869 337 42,206 Tpt/Stor/Comms 129,295 1,461 130,756 190,630 139 190,768 Finance 36,809 313 37,122 316,403 46 316,449 Construction
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    • Article
      Lock icon Sterling dives to 31-year low as Brexit shock deepens
      461 9 CURRENCIES REUTERS London STERLING fell to a 31-year low against the dollar on Monday as a sell-off stemming from Britain’s decision to quit the European Union gathered pace, with the euro also pressured as Brexit clouded the future of the rest
      REUTERS  -  461 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.969 4.945 0.673 5.777 50.550 99.134 0.760 8.777 3.045 1.051 78.048 35.057 1.008 11.245 0.725 24.154 26.295 0.555 0.745 Canada 1.032 5.105
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 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 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0077 1.0082 0.7446 0.7448 Canadian dollar 1.0404 1.0409 0.7690 0.7688 Euro 1.4977 1.4994 1.1067 1.1077 NZ dollar 0.9588 0.9592 0.7085 0.7086 Sterling pound 1.8150 1.8159 1.3412 1.3415
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jun 27 S$ Bid Offer 1-month 1.3532 1.3543 2-months 1.3535 1.3540 3-months 1.3540 1.3545 6-months 1.3556 1.3565 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        396 9 Jun 27 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9157.50 9242.50 9052.50 9227.50 *****1 *****5 Jul16 9055.00 9102.50 8940.00 9085.00 *****9 *****7 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****4 *****9 Dec16 *****.00 *****.00 *****.00 *****.00 11 5384 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        210 9 Jun 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 7.2 -1.1 8291 0.1 1620 4 UOB MB eCW*****1 6.7 -0.6 3352 0.1 1850 4 OCBC Bk MBeCW*****4 5.2 -0.2 2471 0.1 820 4
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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 24 Index Change Change Change Change Change Change World Preliminary 1225.0 -3.5 -4.1 -3.6 -7.4 -4.2 -2.6 EAFE Preliminary 893.5 -5.3 -11.8 -6.5 -13.1 -7.1 -8.6 Europe Preliminary 1286.4 -5.1 -8.9
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 27 $S Offer Bid 0vernight 0.03 0.01 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ Offer Bid 7 days 0.50 0.40 1 month 0.52 0.42 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 0.95 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Jun 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.14 5-Year NX*****X 2.250 01-Jun-21 103.81 103.84 103.58 10-Year NX*****F 2.125 01-Jun-26 102.54 102.60 102.20 15-Year NZ*****F 2.875 01-Sep-30 109.07 109.20 108.40 20-Year NZ*****V 3.375 01-Sep-33 116.59 116.56 116.53
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 9 Jun-24 Price Net change change Last Trade Agricultural Jun-24 CBOT Soybeans (US cents/bu) 1103.00 -21.50 -1.91% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.99 -0.76 -2.39% 14/07/2016 CBOT Wheat (US cents/bu) 454.75 0.50 0.11% 14/07/2016 Jun-24 LIFFE Cocoa (£/tonne) 2343.00 57.00 2.49% 14/07/2016 LIFFE Coffee (US$/tonne) 1643.00 -41.00 -2.43%
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    • Article
      Lock icon YZJ pumping 1b yuan into investment holding firm
      431 10  -  Together with six partners, it will set up Jiangsu Non-state-owned Investment Holding Co which will have four business platforms By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore Singapore YANGZIJIANG Shipbuilding (YZJ) will inject one billion yuan (S$204.6 million) through a wholly-owned subsidiary into
      431 words
    • Article
      Lock icon SGX MAINBOARD
      1710 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 135 +1.5 171 136 134 0.9 8.4 859.2 Div 169.8 101 ARA Asset Mgmt 129.5 -2.5 596 132
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    • Article
      Lock icon SGX CATALIST
      269 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 11.9 +0.6 ***** 12.8 11.1 33.3 Sale ('000) High LOW C'vr P/E 8.8 10 40.5 16.7 t
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    • Article
      Lock icon SGX ETF
      147 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 955 700 CIMBASEAN40 US$ US815 -26 12 815 803 127.8 3810 2355 DBXT China50 US$ US2721 +20 11 2731 2699 7.5 362 190 DBXT MSBrazil US$ US305 -8
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      90 6 WE WANT TO CULTIVATE A CULTURE OF GIVING WE WANT TO DO THE RIGHT THING JAMES MARSHALL EXPEDIA Vice President Transport Asia Pacific MARTIN RINCK HILTON WORLDWIDE President, Asia Pacific COMPANY OF GOOD WE WANT TO ENCOURAGE SINGAPORE TO LIVE KIND PATSIAN LOW DBS BANK Senior Vice President, CSR DO
      90 words
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      Lock icon Page 7 Advertisements Column 1
      130 7 Reits shine amid post-Brexit volatility, Page 8 NATIONAL INFOCOMM AWARDS 2016 L! RECOGNISING EXCELLENCE IN INFOCOMM INNOVATION National Infocomm Awards MOST INNOVATIVE USE OF INFOCOMM TECHNOLOGY MOST INNOVATIVE INFOCOMM PRODUCT/ SOLUTION Jointly Orqanized By: iDA SiTF SINGAPORE Calling for the best in technology! Singapore's most prestigious and highest accolade for
      130 words
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  • Page 10 Advertisements
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      3954 10 I SIA EnGinEERinG comPAny SIA ENGINEERING COMPANY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1025C NOTICE OF ANNUAL NOTICE IS HEREBY GIVEN that the 34 th Annual General Meeting of SIA Engineering Company Limited (the “Company”) will be held at Marina Mandarin Ballroom, Level 1, Marina Mandarin
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      79 11 SGX== SGX My Gateway Stay informed about Singapore’s stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or
      79 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon OCBC puts Robinson Rd office block on market
      625 12  -  Indicative price of S$45 million for 110 Robinson Road translates to about S$3,162 per square foot based on the building’s net lettable area of 14,233 square feet By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore OCBC has put up for sale a 12-storey freehold
      625 words
    • Article, Illustration
      Lock icon OUE’s LA tower’s US$50m makeover includes Skyslide
      404 12  -  14 m glass and steel slide is affixed to exterior of 70th floor of US Bank Tower By Renald Yeo yrenald@sph.com.sg Singapore FOR local residents and tourists in downtown Los Angeles looking to put their tolerance of dizzying heights to the test, the
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    • Article
      Lock icon YTL eyes acquisitions in UK amid Brexit shock
      405 12 BLOOMBERG Kuala Lumpur YTL Corp, the Malaysian conglomerate which snapped up a British utility from the now-defunct Enron Corp more than a decade ago, is looking for bargains again after the UK vote to leave the European Union (EU) sent assets plummeting.
      BLOOMBERG  -  405 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      319 12 Japan Real Estate Investment 0 fS: 1 OrangeTee Japan Business Development Unit (JBD) in collaboration with Tokyu Livable Inc., Japan We cover All major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, Hiroshima, Sapporo, etc. All asset classes: Office, Retail, Residential Hotel, Land, etc. Income yielding assets with high
      319 words
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      Lock icon Page 12 Advertisements Column 2
      267 12 FREEHOLD COMMERCIAL BUILDING ALONG ROBINSON ROAD A CUSHMAN WAKEFIELD Estate Agents Licence No:L*****33E Prime I 2-storey office building with a retail shop unit A. id *-*TV o Situated on the coveted Robinson Rd in the heart of Singapore CBD Zoned ‘Commercial’ with plot ratio of I 1.2+ Net Lettable Area:
      267 words
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      16 12 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
      16 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Investment banks reeling from Brexit volatility
      938 13 Securities sales and major M&A deals will be thwarted by economic and political uncertainty and currency swings BLOOMBERG London BREXIT is the last thing investment banks needed. Friday’s currency swoons and stock rout triggered by UK voters’ surprise decision to withdraw from the European
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      Lock icon India among Asia’s least exposed to Brexit: Morgan Stanley
      441 13 Data show shipments to UK comprise just 3.4% of India’s total exports BLOOMBERG Mumbai INDIA’S economy will be among the least impacted in Asia by the UK’s vote to exit the European Union given its relatively low exposure to trade, according
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      Lock icon Japan pension funds turn to alternative assets: poll
      284 13 BLOOMBERG Tokyo JAPANESE pension funds are turning to alternative assets such as hedge funds, property, infrastructure and private equity as volatility in the market increases, according a JPMorgan Asset Management (Japan) Ltd survey. Average allocations to alternative assets increased to a record
      BLOOMBERG  -  284 words
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      140 13 LONDON SPEAKER BUREAU Business ASIA ■rm I 4mL -> k« I M k /v R> HO r m 9 ml E 0? R A The world's leading speaker and advisory network is now in Singapore as your local connection to a global resource for Keynote Speakers, Executive Learning and Boardroom
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Brazil meat industry sees export increase to UK
      324 14 After Brexit, UK is expected to adopt more flexible rules and be more open to shipments BLOOMBERG Sao Paulo BRITAIN’S decision to leave the Europe Union buffeted markets, spurred panic on global trading floors and prompted UK Prime Minister David Cameron to
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      Lock icon BHP mulls over boosting exploration budget to US$900m
      444 14 Global miner counts on new finds of oil and copper to drive growth REUTERS Sydney BHP Billiton said on Monday it plans to boost its exploration budget by 29 per cent to around US$900 million next year, as the global miner counts
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      Lock icon CNPC inks deal to build gas-fired power plants
      310 14 BLOOMBERG Hong Kong CHINA National Petroleum Corp has signed a preliminary agreement with Russia’s Gazprom PJSC to jointly develop gas-storage facilities and build power plants as China’s biggest natural gas producer plans to expand use of the clean fuel. Gazprom and CNPC
      BLOOMBERG; PHOTO: REUTERS  -  310 words
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      2539 14 WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 威 (Incorporated in Bermuda with limited liability) (Hong Kong stock code: 854) (Singapore stock code: BDR) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Willas-Array Electronics (Holdings) Limited (the “Company”) will be held on Friday, July 29, 2016 at
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      1018 15 advertisement Office Expo Asia Singapore's dedicated event for office and business solutions is back with an expanded profile of corporate wellness and team building solutions for its fourth annual run at Marina Bay Sands. Office Expo Asia (OEA) is the one-stop for workforce development, office solutions and products for the
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  • TECHNOLOGY
    • Article
      Lock icon Google, Facebook move towards blocking of extremist videos
      1013 16 They are exploring options amid pressure to do so from governments around the world REUTERS San Francisco SOME of the web’s biggest destinations for watching videos have quietly started using automation to remove extremist content from their sites, according to two people
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      Lock icon US hobbyists build underwater drone
      641 16 NYT Glenbrook, Nevada A VAST, largely unexplored world is being opened by hobbyists piloting robotic submarines capable of travelling hundreds of feet below the surface of lakes, rivers and oceans. Styling themselves as citizen scientists, two young engineers, Eric Stackpole and David Lang, have created
      NYT  -  641 words
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      332 16 -o* siimii? f< ST JOBS CAREER& DEVELOPMENT2016 IT’S ALL ABOUT jC 1 iw fTrr r h I WVJI* ;r- .~*JSr«3ZL future U Future Leaders Summit 2016 (Jul) leaders Powered by NTUC STJobs an NTUC nitiative FUTURE-READY CAREERS AMID GLOBAL TRANSFORMATION Amidst globalisation, digitisation and technological advancements, have you ever wondered
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      993 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF UNITED HI-PRECISION DIAGNOSTICS PTE. LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3258Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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      4450 17 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GLOBAL LOGISTIC PROPERTIES LIMITED (the “Company”) will be held at Nicoll 1, Level 3, Suntec Singapore Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City,
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  • CONSUMER
    • Article, Illustration
      Lock icon Starbucks eyes more India cafes, expands roasting capacity there
      425 18 BLOOMBERG New York STARBUCKS CORP wants to go big in India. The world’s largest coffee chain, which has fewer than 100 cafes in the world’s second-most populous country, is expanding its roasting capacity in India as it seeks to open a
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      Lock icon Study links air pollution to over six million deaths
      563 18 IEA’s report, the first for the agency, says “many of its root causes and cures” can be found in the energy industry NYT Paris A SOBERING report released on Monday by the International Energy Agency (IEA) says air pollution has become
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      Lock icon Get interviewed about your life – for a price of US$50,000 upwards
      348 18 Get interviewed about your life for a price of US$50,000 upwards NYT Los Angeles IF CHARLIE ROSE won’t interview you, Ben Mankiewicz might for a price. Mr Mankiewicz, a journalist and commentator who has lately been a host on Turner Classic Movies, has also quietly become one of the founders
      NYT  -  348 words
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      55 18 t. CALL 1800 822 6382 FOR THE MOST EFFECTIVE ADVERTISING SOLUTION TO PLACE NEWSPAPER ADVERTISEMENTS THAT REACH 2.5 MILLION CUSTOMERS DAILY, CALL 1800 822 6382 OR EMAIL MKGSALES@SPH.COM.SG s|5inewspapers THE STRAITS TIMES THE BUSINESS TIMES THE NEW PAPER BERITA HARIAN TAMIL MURASU LIANHE ZAOBAO I LIANHE WANBAO I SHIN MIN
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      334 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTAN KARANG MACHINERIES PTE LTD (In Members' Voluntary Liquidation) Company Registration No. *****2079K At an Extraordinary General Meeting of the Company duly convened and held at 333 North Bridge Road, #08-00 KH Kea Building, Singapore *****1
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      63 18 HOT PROPERTY BRAND NEW OFFICE@ Raffles Place. 1065sf est. Fitted with a/c, pantry, lights etc. Agents Welcome. $3.6K TONG ENG Building (No GST). 603sf. Fitted Unblock. 2-rms. Lau Pa Sat. Avail 1st Jul. LOOKING FOR AN OFFICE SPACE? Check out these properties and more in The Straits Times Classified now!
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      353 19 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices NOTICES TENDER NOTICE COMPANY REGISTRATION NO. *****0476M SPH Magazines Pte Ltd (“SPH Magazines”) invites tenders for the provision of event management services for the Men’s Health Urbanathlon 2017 (“Event”) for a
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  • TRANSPORT
    • Article
      Lock icon Panama opens expanded canal to supersize ships
      611 20 Third shipping lane, which cost at least US$5.5b, can cater to Neopanamax freighters AFP Panama City PANAMA on Sunday declared its cen-tury-old canal open to a new generation of gigantic cargo ships after years of massive expansion works aimed at profiting from burgeoning
      AFP  -  611 words
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      Lock icon Brexit clouds horizon for Britain’s airlines
      392 20 UK airlines will lose rights they enjoyed under Single European Sky system AFP London BRITAIN’S vote to leave the EU could open a period of turbulence for the country’s airline industry, which has soared under the EU’s Single European Sky system over the last
      AFP  -  392 words
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      Lock icon PSA launches Living Lab in innovation initiative
      566 20  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE corporate innovation game is getting sharper at PSA Corporation Limited. The Singapore-based port group on Monday launched the PSA Living Lab a living laboratory for the port and logistics industry for which it would commit nearly
      566 words
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  • GOVERNMENT & ECONOMY
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      Lock icon China says Brexit will deepen global instabilities
      580 21  -  Premier rules out the possibility of long-term depreciation of the renminbi and says China is working to implement a manageable floating exchange rate regime By Virginie Mangin btworld@sph.com.sg Beijing THE United Kingdom’s vote to leave the European Union will add to uncertainties weighing
      PHOTO: AFP  -  580 words
    • Article
      Lock icon Top London lawyers try to ease Brexit fears
      697 21 BLOOMBERG London AS the reality of Britain’s exit from the European Union set in on Friday, London’s top lawyers worked to reassure anxious clients that everything was going to be fine, even if they couldn’t offer firm predictions about what happens next.
      BLOOMBERG  -  697 words
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      Lock icon ECB supports peripheral eurozone bonds from post-Brexit rout
      415 21 I FR London THE European Central Bank (ECB) came out in force to buy peripheral eurozone government bonds on Friday, providing crucial support after the UK voted to exit the European Union in a referendum on Thursday. Bonds from Italy, Spain and
      IFR; PHOTO: REUTERS  -  415 words
    • Article
      Lock icon Indonesian parliamentary commission approves tax amnesty bill
      279 21 REUTERS Jakarta AN Indonesian parliamentary commission approved a tax amnesty bill on Monday, ensuring that the government’s plan to offer low rates for taxpayers who declare untaxed wealth will go into effect soon. Parliament votes on the bill on Tuesday. Based on the
      REUTERS  -  279 words
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      16 21 All you need is love (and coffee) Grab a copy at all good bookstores and www.stpressbooks.com.sg
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      63 21 2016 ms-expo.com «5 "LIKE US Manufacturing Solutions Expo M AN U FACTU RINGSOLUTIONSEX P0 The Future of Manufacturing 12-14 October 2016 Suntec Singapore The High Value Manufacturing Solutions in the ASEAN Region A Platform to Unveil the Latest Manufacturing Techniques through: at/ Q ya I <&■ To exhibit, call +65
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      66 21 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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  • OPINION
    • Article
      Lock icon Slow growth and immigration fuelled the forces that led to Brexit
      590 22 EDITORIAL SOME 90 years ago, in an essay entitled “The end of laissez-faire”, English economist John Maynard Keynes presciently wrote that there are limits to the doctrine of laissez-faire economic liberalism, free trade, and the idea that there should
      590 words
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      Lock icon Too early to make definitive judgments about Brexit
      668 22  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITER’S GROUP Washington ON June 1, the Organisation for Economic Cooperation and Development (OECD) issued its latest economic forecasts. In 2016, it predicted that the world economy would grow 3 per cent,
      THE WASHINGTON POST WRITER’S GROUP  -  668 words
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      Lock icon Brexit vote is good news for Trump – or maybe not
      1631 22  - Brexit vote is good news for Trump or maybe not More ethnically and culturally diverse American voters and complex electoral system make it tougher for the populist revolution and nationalist tide to influence the US presidential race FOCUS ON BREXIT By Leon Hadar Washington BEFORE presumptive Republican presidential candidate Donald
      PHOTO: AFP  -  1,631 words
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      Lock icon Brexit: the big risk is for the EU, not the UK
      805 23  -  COMMENTARY By David Mason T The writer, a former audit firm partner, is a business communications consultant in the UK. THE British people have spoken and they no longer wish to be part of the European Union (EU). So
      805 words
    • Article
      Lock icon Will America win or lose from British vote to leave the European Union?
      899 23  -  COMMENTARY By Simon Johnson T The writer is a professor at MIT’s Sloan School of Management and the co-author of “White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You”. PROJECT SYNDICATE
      PROJECT SYNDICATE  -  899 words
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      Lock icon India leaps forward in the space market
      890 23  -  The latest launch of a cluster of small satellites shows the nation is poised to occupy a key position By Yogi Aggarwal T The writer is a Mumbai-based journalist. THE Indian space programme took a leap forward last week when a launcher put
      PHOTO: AFP  -  890 words
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      893 24 s-i. the Business times Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul
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  • LIFE & CULTURE
    • Article
      Lock icon UK art bodies face loss of EU aid
      681 25 Uncertainty prevails over Brexit impact, but from 2007 to 2015, an EU programme provided nearly US$145m to Britain’s film, TV and games industry NYT London BRITISH cultural organisations and prominent figures in theatre, dance and film reacted with dismay after Britain voted
      NYT  -  681 words
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      Lock icon Lionel Messi retires from international football
      639 25 AFP East Rutherford, US LIONEL Messi sensationally announced his retirement from international football here on Sunday after Argentina crashed to an upset defeat against Chile in the final of the Copa America. The heartbroken Barcelona superstar was distraught after missing a spot-kick as Chile
      AFP; PHOTO: AFP  -  639 words
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      Lock icon Paris men’s fashion week loves English style; far from boring
      634 25 AFP Paris AS the last of the Paris menswear collections went down runways on Sunday, we surveyed the big themes of the week’s fashion shows. They may have plunged themselves and the world’s financial markets into crisis with Thursday’s Brexit
      AFP; PHOTO: AFP  -  634 words
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      54 25 SINGAPORE Q UALIFIERS presented by TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SIGN UP NOW www.tnp.sg/WAGC SINGAPORE QUALIFIERS 20, 26 JULY 2016 SINGAPORE FINALS 2 AUGUST 2016 ENTRY FEE $480 GOODIE BAG WORTH OVER $750 VENUE TANAH MERAH
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      324 25 CRYPTIC CROSSWORD Across 1 Set Heath back like a member of the House of Lords (10) 6 Restrain youngster crossing road initially (4) 9 A politician like Gladstone, one being in another place (5) 10 Second villain taking small wood decoration (9) 12 A carefulness I cultivated for security (4,9)
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  • SME
    • Article
      Lock icon Expanding and diversifying a family business
      947 26  -  It should stick to what it does best and deepen its competitive advantage COMMENTARY By Nitin Pangarkar T The writer is associate professor in the Department of Business Policy at the National University of Singapore’s Business School, specialising in strategic management. FAMILY businesses around
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      Lock icon Partnership with SMU bears fruit
      1552 26  -  Students come up with feasible proposals for Wanin Industries, which supplies Pere Ocean water dispensers. BY VIVIEN ANG BY VIVIEN ANG vivang@sph.com.sg MEN looking dapper in their coats and ties and women dressed smartly in their power suits seated around a table, conferring and deliberating.
      PHOTO: AIDAN LOO  -  1,552 words
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      141 26 T If you are interested to find out more about family businesses, we speak with Prof Pangakar and other family business experts in the upcoming issue of The SME Magazine, which will be distributed with your issue of The Business Times on July 7. IN-TUNE WHERE LEADERS SPARK Bringing SME
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