The Business Times, 29 June 2016

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Total Pages: 28
1 28 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 29, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    205 1 Central banks’ assets fall on weak oil, gold and commodity prices, low growth and divergence in monetary policies. TOP STORIES 2 European leaders put the screws on British Prime Minister David Cameron to expedite Britain’s EU exit after its decision rocks global markets and shakes the very foundations
    205 words
  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 2,756.53 +26.68 KL COMP 1,634.04 +4.52 NIKKEI 225 15,323.14 +13.93 HANG SENG 20,172.46 -54.84 SHENZHEN B 1,090.80 +7.26 DOW (11.45AM EDT) 17,263.75 +123.51
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  • Article
    Lock icon Loans still available for London property, but banks sound caution
    1001 1  -  One bank said to be reviewing loan packages while others monitoring status quo By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore BE careful, and watch the risks, banks here are telling customers looking for financing for London properties in the wake of
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  • Article, Illustration
    Lock icon Stress tests for banks becoming more crucial: Hng Kiang
    669 1  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore GIVEN the fragility of global markets in a low-growth, low-rate environment, stress tests on banks will become an increasingly important and integral part of risk management in the financial sector, said Monetary Authority of Singapore
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  • TOP STORIES
    • Article
      Lock icon Central banks lead fall in global public investors’ assets in 2015
      920 2  -  Temasek was the global public investor with the fifth largest gain in assets last year By Teh Shi Ning btnews@sph.com.sg @TehShiNingBT Singapore WEAK oil, gold and commodity prices, low growth and divergence in monetary policies led to a fall
      920 words
    • Article
      Lock icon Energy Market Authority launches SkillsFuture Study Awards for power sector
      414 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EFFORTS to grow a new generation of power sector specialists in Singapore received another boost on Tuesday, when the Energy Market Authority (EMA) announced the SkillsFuture Study Awards for early- and mid-ca-reer Singaporeans hoping
      414 words
    • Article
      Lock icon Q1 GDP revised upwards after gains in exports, software investment
      588 2 LATEST US DATA REUTERS Washington US economic growth slowed in the first quarter but not as sharply as previously estimated, with gains in exports and investment in software partially offsetting weak consumer spending. Gross domestic product (GDP) increased at a
      REUTERS  -  588 words
    • Article, Illustration
      Lock icon Line aims to raise 112b yen in IPO amid turmoil
      671 2 Tokyo LINE Corp, Japan’s most popular mobile messaging service, and its owners are aiming to raise as much as 112 billion yen (S$ 1.5 billion) in what could become the biggest technology initial public offering globally this year. Backed by
      PHOTO: REUTERS  -  671 words
    • Article
      Lock icon PSB Academy pledges to bear interest rate on its students’ education loans
      490 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore PRIVATE school PSB Academy is making education loans practically interest-free for its students, and is looking to set up similar arrangements with more financial institutions. Under the new arrangement, said to be
      490 words
    • Article
      Lock icon SPH appoints Patrick Daniel and Anthony Tan as deputy CEOs
      448 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MAINBOARD-listed Singapore Press Holdings (SPH) has unveiled its next-generation leadership with several key appointments. The media and property group on Tuesday said in a filing with the local bourse that two of its senior
      448 words
    • Article, Illustration
      Lock icon EU pressures Cameron to expedite Brexit
      1039 4 European Parliament wants immediate activation of Article 50 BREXIT FALLOUT AFP REUTERS Berlin SHELL-SHOCKED European leaders put the screws on British Prime Minister David Cameron at a summit on Tuesday to expedite Britain’s EU exit after its decision to leave rocked global markets and
      AFP; REUTERS; PHOTO: BLOOMBERG  -  1,039 words
    • Article
      Lock icon Asia will feel Brexit chill for a while: Nomura chief economist
      495 4  -  By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore THE effects of “Brexit” will be felt in Asia and last for a while, Nomura’s chief economist for Asia ex-Japan Rob Subbaraman said on Tuesday. He and other analysts from the bank, speaking
      495 words
    • Article
      Lock icon S’pore investors more optimistic than HK ones: study
      426 4  -  By J Lossini jlossini@sph.com.sg Singapore EVEN as Asia succumbs to the impact of “Brexit”, Singapore investors are more optimistic about the performance of their current investments than their Hong Kong counterparts, Hong Kong marketing research firm CSG has found. Its study has
      426 words
    • Article
      Lock icon Brexit won’t lead to global bear market, say analysts
      679 4  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore BREXIT is not the start of a global bear market, said some analysts on Tuesday. Nevertheless, they are recommending clients to invest only in the safest assets that still yield something, such as invest-ment-grade corporate
      679 words
    • Article, Illustration
      Lock icon A second Brexit nightmare for England
      935 5  -  EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT EVEN the best Hollywood movie director would have found it tough to conjure up such a dramatic script with a fairytale ending. It’s the amazing story of how a star-studded English football team, valued at £175
      PHOTO: AFP  -  935 words
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      155 5 i W •>.*»,v w TSi ii. >. --> s 4,-,' .'38NbWm&''* VJ n| S»tf *“S£sr: ,v v <* K vS#;* rCV^JT £p ft#:. .iiV@ --v b K, 2 -J ~sv m ft w *flB5KS*SttS®i;*»'$SR $5^’ w= S 8 'ZZyete&r The new C-Class Coupe. Instantly thrilling. Go where the moment takes
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  • COMPANIES & MARKETS
    • Article
      Lock icon At the heart of Brexit volatility lies complacency
      737 6  -  HOCK LOCK SIEW BY R SIVANITHY THERE appears to be a profound sense of shock mixed with bewilderment at the outcome of the UK referendum on whether to leave the European Union (EU), popularly known as the “Brexit”. It is difficult to
      737 words
    • Article
      Lock icon OCBC, UOB help fund US$40.2m loan in Myanmar
      250 6 Singapore OCBC and UOB were on Tuesday among four foreign banks in Myanmar to fund a syndicated loan facility valued at up to US$40.2 million said to be among the largest syndicated loans by onshore foreign lenders since the wave of liberalisation
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    • Article, Illustration
      Lock icon Noble Group ends above theoretical ex-rights price
      518 6  -  Counter was the most active, with some 226m shares changing hands HOT STOCK B y Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore NOBLE Group shares closed trading on Tuesday at S$0.18 apiece on an ex-rights basis. This was up 10.8 per cent from its theoretical
      Source: Bloomberg  -  518 words
    • Article, Illustration
      Lock icon Top Glove starts Singapore trading on firm note
      501 7  -  Malaysia-listed glove maker makes entrance on SGX mainboard through secondary listing By Renald Yeo yrenald@sph.com.sg Singapore BURSA Malaysia-listed Top Glove, which made its trading debut on the Singapore Exchange (SGX) on Tuesday via a secondary listing, ended the day on a firm
      Source: Bloomberg  -  501 words
    • Article
      Lock icon CMA CGM set to take NOL private as stake crosses 90%
      456 7  -  It intends to proceed with compulsory acquisition when holding breaches 91.05% By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MARSEILLE-BASED shipping company CMA CGM is set to take Neptune Orient Lines (NOL) private now that its offer has crossed the
      456 words
    • Article
      Lock icon Oxley gives assurance on UK business
      339 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE-LISTED property developer Oxley Holdings on Tuesday commented on the implications Brexit will have on its UK business. For its London exposure, the group has the Royal Wharf Project, a 363,000 square metre waterfront township development in East
      339 words
    • Article, Illustration
      Lock icon Lubricant maker United Global launches IPO on Catalist
      577 8  -  Net proceeds some S$9.2m will be used for business expansion and general working capital By Renald Yeo yrenald@sph.com.sg Singapore A HOMEGROWN lubricant manufacturer has launched its initial public offering (IPO) on the Catalist board of the local bourse on Tuesday. United Global,
      577 words
    • Article
      Lock icon SGX, Baltic extend exclusive talks to Aug 31
      287 8 Singapore THE Singapore Exchange (SGX) and potential acquisition target Baltic Exchange have extended exclusive negotiations to Aug 31 from June 30 to continue their “dialogue” with shareholders. “SGX and the Baltic Exchange have together met with shareholders and much of the stakeholder
      287 words
    • Article
      Lock icon Building a retirement nest egg – with value investing
      758 8  - Building a retirement nest egg with value investing By Natalie Koh natksl@sph.com.sg @NatalieKohBT Singapore GLOBAL stock markets may be reeling from “Brexit” but Britain leaving the European Union should not put a dent in your retirement savings and investments, says Aggregate Asset Management fund manager and executive director Eric Kong.
      758 words
    • Article, Illustration
      Lock icon Sim Lian launching EC in Sengkang
      452 8  -  Units are priced at S$735 to S$755 psf on average; TOP expected in 2019 By Grace So graceso@sph.com.sg Singapore MAINBOARD-LISTED Sim Lian Group on Tuesday announced the launch of its executive condominium (EC) project, Treasure Crest, with units priced at S$735-S$755 per square foot
      452 words
    • CORPORATE DIGEST
      • Article
        Lock icon CNMC Goldmine
        76 8 CATALIST-LISTED CNMC Goldmine Holdings has signed a non-binding letter of intent to buy a controlling stake representing 51 per cent of the enlarged issued and paid-up share capital in Pulai Mining Sdn Bhd, which has a 3,841.3 ha concession in Kelantan almost four times the size of CNMC’s
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      • Article
        Lock icon Keppel Infrastructure Trust
        67 8 KEPPEL infrastructure Trust (KIT) has secured a S$50 million multicurrency money market line, its trustee-manager Keppel Infrastructure Fund Management (KIFM) announced on Tuesday. Under the terms and conditions of the loan facility, the lender may cancel the commitments or declare the outstanding loans payable if KIFM ceases
        67 words
      • Article
        Lock icon Mapletree Logistics Trust
        55 8 mapletree Logistics Trust Management Ltd, manager of Mapletree Logistics Trust (MLT), on Tuesday night said that mlt will acquire its fifth property in Shah Alam, Malaysia, for RM160 million (S$53.2 million). The proposed acquisition of the warehouse facility Mapletree Shah Alam Logistics Park will be from MLT’s
        55 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times index June 28,2016 2,756.53 +26.68 (+0.98%) Current streak 1 day Day high 2,767.38 Day low 2,703.48 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 28,2016 435.36 -1.33 (-0.30%) Current streak 1 day Day high 437.27 Day low
      63 words
    • Article, Illustration
      Lock icon STI rebounds 26.7 pts as Dow futures jump
      628 10  -  Short-covering and early window-dressing are likely contributors to the index’s gains STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER dropping 64 points in two days of post-“Brexit” selling, the Straits Times Index (STI) on Tuesday rebounded 26.68 points to 2,756.53. Short-covering and possible
      Source: Bloomberg  -  628 words
    • Article
      Lock icon STI STOCKS
      306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 +6 246/234 253 209 6.3 6408.7 CapitaCom Trust 145.5 +2.5 146/141.5 157 122.5 5.9 4301.5 CapitaLand 294 +6 297/285 358 267 11.8 3.1 *****.3 CapitaMall Trust 211 +5 214/205 224 184.5
      306 words
    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Noble 226,489,600 Ezra 47,891,000 Singtel 43,340,800 Spackman 34,215,200 Alliance Mineral 30,590,600 Market volume 1,514,614,000 VALUE Singtel 170,884,374 DBS Grp 84,439,022 UOB 51,049,310 Ascendas Reit 40,391,454 OCBC Bank 39,337,975 Market value 1,155,889,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 282 +2 707 282/276 343/254 281/282 Nikko AM STI ETF 286 cd +2 254 286/280 344/259 285/286 6.9 IS MS INDIA US$ US668 -2 146 673/668 780/575 669/672 83.5 DBXT MSPHILS US$ US209 -1.7
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Jun 28 VALUE CLOSE BT OB/OS -338.00 +155.00 BT CADI -*****.00 +94.00 BT 10-day MA -*****.00 -34.00 FTSE ST Mid Cap 663.96 +10.50 FTSE ST Small Cap 382.56 +3.90 FTSE ST All Share 675.46 +8.21 FTSE ST China Top 155.38 +1.15 FTSE ST China 183.27 +0.73 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index June 28,2016 675.46 +8.21 (+1.23%) Current streak 1 day Day high 676.77 Day low 662.95 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 10 STI MSCI EAFE MSCI EAFE index June 27,2016 1,520.94 -46.32 (-2.96%) Current streak 2 days Day high 1,564.59 Day low 1,518.34 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 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 5 0 0 1 7 3 6 Manufacturing 35 21 21 5 8 12 40 29 33 Commerce 23 7 14 3 1 5 26 8 19 Tpt/Stor/Comms 20 9 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,413 699 14,112 43,982 128 44,109 Manufacturing 75,170 49,825 124,995 94,030 2,276 96,306 Commerce 248,691 20,813 269,504 98,981 574 99,555 Tpt/Stor/Comms 151,043 329 151,372 271,012 31 271,042 Finance 37,673 108 37,781 193,046 14 193,061 Construction
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    • Article
      Lock icon GAINERS
      73 10 BY CENTS CLOSE UP 52w high/low JMH USD 5665 281.8 3.8 6103/4500 DBS Bk 4.7% NCPS ***** 185.0 1.8 *****/***** Jardine C&C 3350 90.0 2.8 4520/2636 JSH USD 2940 69.1 1.8 3300/2524 DBXT China50 US$ 2759 51.5 1.4 3810/2355 BY PERCENTAGE CLOSE UP 52w high/low Next-Gen Sat 0.3 50.0
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    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -289.9 -1.1 *****/***** GLD US$ ***** -142.2 -0.8 *****/***** DBXT MSAsExJp US$ 3130 -138.2 -3.2 3718/2772 DBXT Nifty US$ ***** -88.1 -0.5 *****/***** DBXT MSEurope US$ 4898 -36.6 -0.5 6064/4770 BY PERCENTAGE CLOSE DOWN 52w high/low ISDN W*****0 0.1
      78 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      85 10 VOL CLOSE($) CHANGE China Env Res 37.6 0.050 -0.010 -16.67 Universal Res 4,346.7 0.200 +0.010 +5.26 Noel Gifts Intl 35.0 0.300 +0.010 +3.45 Union Steel 13.0 0.460 -0.090 -16.36 Noble 226,489.6 0.180 -0.035 -16.28 Matex Intl 60.0 0.020 +0.002 +11.11 Sitra 4,557.9 0.012 +0.003 +33.33 Mun Siong Engg
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    • BROKERS’ TAKE
      • Article
        Lock icon Sheng Siong Group | Buy
        137 10 Sheng Siong Group Buy June 28 close: S$0.875 Target price: S$0.95 OCBC Investment Research, June 28 In view of the near-term volatility and longer term potential repercussions from Brexit, we highlight Sheng Siong Group (SSG) as our preferred pick in the consumer sector. We recommend the stock due to several
        137 words
      • Article
        Lock icon Singapore Airlines | Hold
        111 10 Singapore Airlines Hold June 28 close: S$10.42 Target price: S$10 Maybank-Kim Eng Research, June 28 Singapore Airlines (SIA) had a near-miss incident as one of its aircraft had engine problems during a flight and caught fire upon landing. There were no injuries or casualties, but the gory pictures of the
        111 words
      • Article
        Lock icon Singapore Strategy
        156 10  -  Compiled by Jamie Lee DBS Group Research, June 28 Brexit impact support at 2,630 for the Straits Times Index, but further downside to 2,500 if fear of contagion is triggered. Companies exposed to UK/Europe are mainly property and hospitality Reits, Comfort Delgro, Sembcorp Industries and Hutchison Port Holdings
        156 words
    • Article
      Lock icon CALENDAR
      10 10 DATA I June 29 US personal income and spending
      10 words
    • Article
      Lock icon Battered sterling gets a reprieve, yen’s rally pauses
      415 11 CURRENCIES REUTERS London HIGHER-YIELDING, riskier currencies such as the Australian dollar rose along with sterling on Tuesday as investors took a breather from a brutal sell-off sparked by Britain’s vote to leave the European Union. Safe-haven currencies such as the yen and
      REUTERS  -  415 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        402 11 Jun 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9215.00 9252.50 9150.00 9252.50 *****5 *****1 Jul16 9082.50 9122.50 9007.50 9107.50 *****3 *****6 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****7 *****0 Dec16 *****.00 *****.00 *****.00 *****.00 16 5385 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        206 11 Jun 28 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 7.5 0.3 6095 0.1 1620 4 UOB MB eCW*****1 6.8 0.1 4174 0.1 1850 4 OCBC Bk MBeCW*****4 5.5 0.3 2125 0.1 820 4
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jun 27 Index Change Change Change Change Change Change World Preliminary 1196.1 -1.7 -6.4 -1.2 -9.1 -2.2 -5.4 EAFE Preliminary 878.6 -1.6 -13.3 -1.9 -14.8 -2.9 -11.3 Europe Preliminary 1245.7 -3.1 -11.8
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Jun 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.961 4.927 0.669 5.748 50.286 97.538 0.757 8.675 3.014 1.046 77.568 34.751 1.004 11.211 0.725 23.972 26.148 0.555 0.741 Canada 1.041 5.127
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Jun 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0032 1.0042 0.7405 0.7410 Canadian dollar 1.0441 1.0448 0.7710 0.7707 Euro 1.4994 1.5003 1.1068 1.1071 NZ dollar 0.9589 0.9598 0.7078 0.7082 Sterling pound 1.8084 1.8097 1.3349 1.3354
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Jun 28 S$ Bid Offer 1-month 1.3547 1.3555 2-months 1.3550 1.3557 3-months 1.3554 1.3561 6-months 1.3564 1.3573 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Jun 28 $S Offer Bid 0vernight 0.05 0.01 1-month 0.6875 0.5625 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.08 US$ 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
        69 11 Jun 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.1 99.17 99.16 5-Year NX*****X 2.250 01-Jun-21 103.6 104.15 103.60 10-Year NX*****F 2.125 01-Jun-26 102.13 102.98 102.13 15-Year NZ*****F 2.875 01-Sep-30 108.57 110.00 109.00 20-Year NZ*****V 3.375 01-Sep-33 115.95
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Jun-27 Price Net change change Last Trade Agricultural Jun-27 CBOT Soybeans (US cents/bu) 1133.00 30.00 2.72% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.26 0.27 0.87% 14/07/2016 CBOT Wheat (US cents/bu) 446.75 -8.00 -1.76% 14/07/2016 Jun-27 LIFFE Cocoa (£/tonne) 2395.00 52.00 2.22% 14/07/2016 LIFFE Coffee (US$/tonne) 1639.00 -4.00 -0.24%
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    • Article
      Lock icon SGX MAINBOARD
      1775 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 137.5 +2.5 285 137.5 135.5 0.9 8.3 875.1 Div 169.8 101 ARA Asset Mgmt 136 +6.5 413 138.5
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    • Article
      Lock icon SGX CATALIST
      266 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day 5 1.7 t Acesian Partners 3 unch 376 3 3 4.1 11.2 GrYld 0.9 0.2 t Advanced Systems 0.2 unch 50 0.2 0.2 5.3 MCap High LOW 19.9
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    • Article
      Lock icon SGX ETF
      160 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1290 991 CIMBASEAN40 S$D 1103 -18 1 1108 1103 955 700 CIMBASEAN40 US$ US831 +16 0 831 831 130.3 3810 2355 DBXT China50 US$ US2759 +38 9 2759
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      10 6 Singaporeans from SMEs enjoy up to 70%* off course fees
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      94 8 Hospitality Investment Conference Vietnam Uncovering your next hospitality investment opportunity in Vietnam it FEATURED SPEAKERS ii Frederick Burke Anton Jurgens Managing Partner, General Manager Baker McKenzie EXO Travel (Vietnam) Vietnam Ken Atkinson Vice Chairman, Vietnam Tourism Advisory Board Colin Pine General Director, Ho Tram Grand Danny Tse Head of Hotel
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      18 8 T Registration is S$108 per person and can be made at http://www.aggregate.mavenlab.com. Enquiries can be sent to digitalmktg@sph.com.sg
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      3457 9 (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 5 July 2004 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 7th Annual General Meeting of the holders of units of Mapletree Logistics Trust (“MLT”, and the holders of units of MLT, “Unitholders”)
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      3462 9 (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 6th Annual General Meeting of the holders of units of Mapletree Industrial Trust (“MIT”, and the holders of units of MIT, “Unitholders”)
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  • REAL ESTATE
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      75 13 ®JU. International Residential Property Services 65 8125 7636 Vanessa Chan COLLECTIVE SALE Tender Closing: 7th July 2016, Thursday, 3pm Huttons" realestategroup Huttons Asia Pte Ltd Licence no. L *****99K Freehold corner building with 10 storeys and 2 basements Land 9,728.5 sq ft, Cross Floor Area 61,777 sq ft 5-min walk
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      893 14 PrintPack+Siqn advertisement xplore the possibilities at PrintPack+Sign 2016, the only event in Singapore that showcases the latest industry equipment, technology, materials, creative ideas, designs and services. Who Should Attend ■f Advertising Media Firms ■S Architect Firms V Commercial Digital Newspaper Printers 'A Corporate Businesses (MNCs&SMEs) 'A Design Consultancies Flouses ■S
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon City of London seeks Europe access via Norway-style deal
      881 16 Trade model will see Britain paying into EU coffers, adopt its laws and include free movement of EU workers REUTERS Frankfurt THE City of London is in talks with government officials as it seeks support for a Norway-style deal giving financial
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    • Article
      Lock icon Hedge funds that shorted sterling make gains
      540 16 BLOOMBERG Tokyo AS the market reeled from a historic jolt last Friday that sent the pound to a three-decade low and reverberated across global markets, some hedge fund managers were racking up gains. The GCI Systematic Macro Fund surged 10.5 per cent on
      BLOOMBERG  -  540 words
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      Lock icon Values lower but M&A deal premiums rise to highest multiple in decade
      409 16 BLOOMBERG New York THE market for mergers and acquisitions (M&A) may have slowed from 2015’s records, but that doesn’t mean those buyers that are willing to do deals can get a bargain. Deal premiums have reached the highest
      BLOOMBERG  -  409 words
    • Article
      Lock icon Citigroup resumes equity cover on Japan gaming sector
      327 16 BLOOMBERG Tokyo CITIGROUP Inc is resuming equity research on Japan’s Internet and gaming industry after an eight-month hiatus with the recruitment of former Barclays plc analyst Rimi Yoshida. Ms Yoshida started at the US bank on Monday, according to an internal memo
      BLOOMBERG  -  327 words
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      10 16 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Singapore
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      98 16 THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 01 JULY 2016. Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-off Yield Price Median Yield Price Average Yield Price of Competitive
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      24 16 y www.omy.sg 0 N Chinese Language Content Cancerians! 3 things to look out for in the month of July! SCAN READ HP H H
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      1038 17 MoreS'poreans snapupgold asasafehaven To subscribe, call 6388-3838 or go to sphsubscription.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KEDRON INVESTMENTS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****7282M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held
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      2654 17 MTQ CORPORATION LIMITED (Company Registration No. *****0057Z) (Incorporated In The Republic of Singapore) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of MTQ Corporation Limited (“the Company”) will be held at Carlton Hotel, Empress Ballroom 2, Level 2,
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon North Sea oil industry faces years of Brexit-induced turmoil
      805 18 Possibility of another Scottish referendum weighs on investment climate amid low prices and high costs BLOOMBERG London THE UK’s North Sea oil and gas industry, already reeling from low prices, high costs and collapsing investment, now faces several years of turmoil
      BLOOMBERG; PHOTO: AFP  -  805 words
    • Article
      Lock icon Modi’s oil ambition gives services firms a US$27b lifeline
      718 18 Investments in exploration, drilling get boost from govt plan to cut fuel imports BLOOMBERG Mumbai INDIA is offering global oilfield service providers starved of new contracts a US$27 billion lifeline as the government’s ambition to cut fuel imports drives fresh investment.
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      Lock icon Rosneft aims to secure hold on China market with new deals, routes
      564 18 BLOOM BERG Moscow ROSNEFT PJSC, the state-run crude producer that helped turn Russia into the top oil supplier to China, aims to secure its hold by winning more clients and establishing new delivery routes amid increasing competition and
      BLOOMBERG; PHOTO: REUTERS  -  564 words
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      25 18 Life is too short for bad coffee Grab a copy at all good bookstores and www.stpressbooks.com.sg rab a copy at all good bookstores nd www.stpressbooks.com.sg
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      35 18 I p te1 Who’s selling his home in your neighbourhood? Blk 28 Floor Condominium $855 000 $944 psf Your Neighbourhood Listings Be the first to know when your neighbour's home goes on the market. SRX.com.sg/property-tracker
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      54 18 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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  • TECHNOLOGY
    • Article, Illustration
      Lock icon From data sharing to IPOs, tech firms mull Brexit impact
      1255 19 Vote to leave EU has immediate and long-term ramifications for the global technology industry BLOOMBERG London THE lasting impact of the UK’s vote to break with the European Union won’t be known for years, but the shift has immediate ramifications
      BLOOMBERG; PHOTO: REUTERS  -  1,255 words
    • Article
      Lock icon Blackberry to turn messaging app into one-stop shop
      324 19 BLOOMBERG Toronto BLACKBERRY Ltd is following the example of hugely popular Chinese app WeChat with a plan to turn its BBM messaging application into a one-stop shop for watching video, getting celebrity updates and shopping online. Seeking to boost its software and
      BLOOMBERG  -  324 words
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      1186 19 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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      876 19 U B AF Head Office: Tour EQHO 2, avenue Gambetta ***** Paris La Defense Cedex France Singapore Branch: 7Temasek Boulevard #07-04/05 Suntec Tower 1 Singapore *****7 Union de Banques Arabes et Francises CONSOLIDATED BALANCE SHEET 1 as at December 31,2015 CONSOLIDATED INCOME STATEMENT 1 for the year ended December 31,
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  • CONSUMER
    • Article, Illustration
      Lock icon New Pepsi, old problem: US soda sales have lost their fizz
      547 20 US soda consumption per-person hit a 30-year low last year and consumer push for natural ingredients is not helping BLOOMBERG New York PEPSICO Inc’s moves this week mask a harder truth for the soft-drink industry: Soda sales are down
      BLOOMBERG; PHOTO: AFP  -  547 words
    • Article
      Lock icon Brexit brings new headache to US retailers
      417 20 BLOOMBERG New York THE UK’s vote to leave the European Union sent shares of US retailers tumbling for a second day on concern that overseas woes will compound the companies’ sluggish sales. The “Brexit” vote threatens to hurt a top source of visitors
      BLOOMBERG  -  417 words
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      Lock icon Sydney to get A$1.5b hotel and casino complex
      379 20 AFP Sydney AUSTRALIAN mogul James Packer won approval on Tuesday for a sixstar hotel and casino complex on Sydney harbour aimed at Asian high-roll-ers, with work expected to begin shortly. The New South Wales state government legislated to site the Crown Sydney
      AFP; PHOTO: AFP  -  379 words
    • Article
      Lock icon Pfizer boosts China presence with US$350m biotech plant
      395 20 Facility to be completed in 2018, will make biologics and cheaper versions BLOOMBERG Beijing PFIZER Inc will invest US$350 million in eastern China on a plant for biotechnology drugs, bolstering its presence in the world’s second largest pharmaceutical market despite slowing economic
      BLOOMBERG  -  395 words
    • Article
      Lock icon Omega-3 cuts fatal heart attack risk by 10%: study
      271 20 AFP Washington CONSUMING foods rich in omega-3 fatty acids, such as salmon, sardines and anchovies, can reduce risk of a deadly heart attack by 10 per cent, a study out on Monday said. Researchers looked at blood and tissue omega-3 levels
      AFP  -  271 words
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      49 20 comex SINGAPORE’S BIGGEST I.T. AND CONSUMER ELECTRONICS EXHIBITION BOOK YOUR SPACEI, SELL YOUR TECH PRODUCTS 0 SERVICES TO THOUSANDS OF CONSUMERS DIRECTLY 8-11 SEP 2016 SUNTEC SINGAPORE 1-3,486 TRADE-IN STAR BUYS-DAMEX 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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      48 20 JULY ISSUE OUT NOW! CAR OR MRT WHICH IS MORE R E LI ABLE IN SINGAPORE? r U Mm LENG KEE GROUP TESTS "SINGAPORE'S FAVOURITE AUTOMOTIVE TELEMATCH IS BACK AGAIN! toraue ON THE*MOVE V <: ENJOY 20% OFF WHEN YOU REGISTER EARLY. PROMO ENDS 17 JULY 2016. WWW.TORQUE.COM.SG/TOTM16 sPHmagazmes
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  • TRANSPORT
    • Article
      Lock icon Post-Brexit, UK may become more shipping-friendly
      1040 22  -  The policies binding the industry have for the last 40 years been cobbled together by Brussels lawmakers, who give an ear to strident environmental lobbies STRAIT TALK BY DAVID HUGHES THIS is not the column I was expecting to write for this week. Last
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      Lock icon SIA’s India unit to take on Gulf carriers
      846 22 Vistara to buy or lease more aircraft so as to fly abroad under new policy BLOOMBERG New Delhi WITHIN weeks of India easing aviation rules, Singapore Airlines Ltd’s (SIA) local venture is charting a course to take on carriers from the Middle
      BLOOMBERG; PHOTO: BLOOMBERG  -  846 words
    • Article
      Lock icon China may lift cap on foreign carmaker stakes in JVs
      333 22 BLOOMBERG Beijing CHINA’S government is considering the removal of caps on stakes foreign carmakers can own in joint ventures (JVs) with local partners, potentially loosening a policy criticised for shielding state-owned companies from competition and building their own brands. Xu
      BLOOMBERG  -  333 words
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      Lock icon Shareholders, advisers criticise Toyota’s bid for Daihatsu as cheap
      808 22 BLOOMBERG Tokyo TOYOTA Motor Corp’s US$3.1 billion bid to buy out Daihatsu Motor Co has run into shareholder and proxyadviser criticism for being on the cheap, highlighting corporate governance challenges years into Japan Inc’s push to become more investor friendly. Arga
      BLOOMBERG  -  808 words
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      1119 23 THE BUSINESS TIMES Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR POSITIVE STAR 116 100 1/7 2/7 4/7 MALAYSIA STAR 60 50 10/7 11/7
      1,119 words
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      309 23 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
      309 words
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      496 23 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6470 9100 Fax: (65) 6235 3623 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TALISMAN FF623 14/06 18/06 20/06 22/06 27/06 04/07 FEDORA FF625 30/06 04/07 06/07 08/07 14/07 20/07 TAMESIS FF626 14/07 18/07 21/07 24/07
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      245 23 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 298 PRW060 30/06/2016 01/07/2016 Perawang/Perawang DAILY Marco Polo 258 TTS029 30/06/2016 01/07/2016 Tebing Tinggi/Jambi DAILY Marco
      245 words
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  • OPINION
    • Article
      Lock icon With reputation at risk, SIA must not allow its safety standards to waver
      573 24 EDITORIAL THE grainy videos showing a Singapore Airlines (SIA) plane on fire early on Monday morning were frightening, to say the least. The pilots of Mi-lan-bound SQ368 decided to make a dramatic U-turn to Changi Airport about
      573 words
    • Article, Illustration
      Lock icon For China, Brexit reflects a failure of democracy
      785 24  -  COMMENTARY By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1. THE British referendum on quitting the European Union, which is causing tremors across Europe, is being used by China to strengthen its arguments
      785 words
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      Lock icon Bangladesh heist could have been prevented
      1384 24  -  Proactive privileged account controls and advanced detection capabilities would have foiled the cyber crooks. BY ASAF HECHT AND LAUREN HORAIST SR BY ASAF HECHT, LAUREN HORAIST SR T The writers are respectively cybersecurity researcher and senior product marketing manager at CyberArk, which provides solutions
      PHOTO: REUTERS  -  1,384 words
    • Article
      Lock icon Brexit may reshape Asian regionalism
      1057 25  -  COMMENTARY By Woo Jun Jie, Suvi Dogra T Woo Jun Jie is Assistant Professor of Politics at the School of Humanities and Social Sciences, Nanyang Technological University and Suvi Dogra is an independent analyst based in London. WHILE the United Kingdom’s decision to leave the
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    • Article
      Lock icon Brexit will unsettle markets for a while
      530 25  -  COMMENTARY By Desmond Lachman T The writer is a resident fellow at the American Enterprise Institute. He was formerly a deputy director in the International Monetary Fund’s Policy Development and Review Department and chief emerging market economic strategist at Salomon Smith Barney. This
      530 words
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      Lock icon Spain’s next government likely to be unstable
      1105 25  -  It may not even last a full parliamentary term, given that it has to be formed by more than two political parties with different agendas. BY ANDREW HAMMOND agendas.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for
      PHOTO: BLOOMBERG  -  1,105 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Cuba opens up to culinary revolution
      735 26 AFP Havana AT 65, Ramon Alfonso has seen a lot of history in his native Cuba. But this is the first time he has eaten a vegan salad. After decades of communist rule and centuries of eating meat and beans, the island is opening
      AFP; PHOTO: REUTERS  -  735 words
    • Article, Illustration
      Lock icon Enough of Brexit: Brits party and roll in the mud at Glastonbury
      812 26 “Best of British” music festival dispels some gloom despite rain REUTERS Glastonbury, UK AS weary Glastonbury fans extricated their tents and cars from the ankle-deep mud on Monday morning, they could at least bathe in the glow of
      REUTERS; PHOTO: REUTERS; PHOTOS: AFP, REUTERS  -  812 words
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      Lock icon Gender ambiguity in art points to more civilised society
      732 26 NYT New York GENDER and sexual identity are on many minds right now. There are continuing legal battles over bathroom access; piles of gossip items about Caitlyn Jenner; Transparent, in its third season, is likely to be a highlight of fall
      NYT; FILE PHOTO  -  732 words
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  • Page 26 Miscellaneous
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      Lock icon Page 26 Miscellaneous Column 1
      306 26 CRYPTIC CROSSWORD Across 1 Funny business with amended claim (7) 5 Person on the make (7) 9 A quiet man gets protection (5) 10 Crossword addicts should be used to such setbacks (9) 11 Offensive description of a snowman? (10) 12 Currency check (4) 14 This will remove tea stains
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon What Brexit means for the rest of us
      1983 27  -  Investors should look for opportunities that it throws up as investment markets become oversold MONEY MATTERS By Shane Oliver Head of Investment Strategy and chief economist, amp Capital IN a shock for financial markets which had been increasingly confident that Britain would
      PHOTO: AFP  -  1,983 words
    • Article, Illustration
      Lock icon Fidelity, JPMorgan embrace online Asia bond trading to cut costs
      576 27 BLOOMBERG Hong Kong FIDELITY International and JPMorgan Chase Co are among bond investors warming to electronic trading systems in Asia. More than 70 per cent of the bond transactions for JPMorgan’s private banking arm are handled through such systems, compared
      BLOOMBERG; PHOTO: BLOOMBERG  -  576 words
    • Article
      Lock icon Laughing all the way to the bank by looking beyond Brexit
      761 27 BLOOMBERG New York FOR one of the year’s most successful currency managers, the UK’s vote last week to leave the European Union was one more vindication of its investment strategy. “We made money on Friday, sure, we were up
      BLOOMBERG  -  761 words
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      Lock icon Brexit surprises hedge fund veterans used to winning
      832 28  -  George Soros, among other veterans, got it all wrong. wrong.BY ALEXANDRA STEVENSON NYT New York EVEN some of the smartest guys in the room got this one wrong. The billionaire hedge fund manager Leon Cooperman told an audience of Wall Street insiders
      NYT; PHOTO: AFP  -  832 words
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      395 28 r CLEVER MOVE 2 f. FAST-MOVING CONDITIONS GRAFTED TO PERFORM ■V' •?vr^v-v SPDR® THE PIONEER OF THE ETF DELIVERS COST-EFFICIENT, FLEXIBLE MARKET ACCESS. The world of investment is complex. Which is why SPDR pioneered the original ETF. Since creating the world’s first ETF more than 20 years ago, SPDR has
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