The Business Times, 2 July 2016

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Total Pages: 41
1 32 The Business Times
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      56 1 BT LivingTHE BUSINESS TIMES WEEKEND JULY 2-3, 2016 OUT OF THE WOODS Rejuvenating the humble craft of carpentry L2-5 WELLNESS Only the good stuff L10-11 DINING Mexican wave L6-7 GADGETS About time for a java L12 MOTORING Aston advantage L15 SHOPPING Breastmilk baubles L8 PHOTO: EVERYDAY CANOE BT CORP GOLF
      56 words
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  • BT Living BTLifestyle | BTLifestyle | THE BUSINESS TIMES WEEKEND | JULY2-3, 2016
    • Article, Illustration
      Lock icon Out of the woods
      3999 2 / 3  -  Carpentry a dying trade? Not to these young people who hope to reinvigorate the humble craft with their vision and drive. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT In for the long haul Roger&Sons Rogerandsons.sg ROGER&SONS sounds like a British menswear label but
      PHOTOS: ROGER&SONS; PHOTOS: YEN MENG JIIN, HERMAN FURNITURE; PHOTO: TRIPLE EYELID; PHOTOS: TRIPLE EYELID; PHOTOS: EVERYDAY CANOE; PHOTOS: THE WOODWORK INITIATIVE, THE BALVENIE  -  3,999 words
    • DINING
      • Article, Illustration
        Lock icon MEXICAN WAVE
        1607 6 / 7  -  The Singapore food scene is embracing the proliferating Mexican restaurants. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg DONALD Trump might be a little uncomfortable with Mexicans around him but the Singapore food scene would surely welcome them given how Mexican restaurants are proliferating here even without natives
        1,607 words
    • SHOPPING
      • Article, Illustration
        Lock icon Breastmilk baubles
        1086 8  -  The message of “breast is best”, a tagline for breastfeeding campaigns, has taken on new meaning as creative mum-preneurs build a cottage industry creating baubles made with breastmilk. By May Yip By May Yip YOU’VE heard of paintbrushes made from the hair of infants, or traditional Chinese stamps
        1,086 words
    • TRAVEL
      • Article, Illustration
        Lock icon Place of peace
        1040 9  -  Amanpuri resort still remains the gold standard in discrete luxury 28 years after it first stunned a world of jaded travellers. By Daven Wu By Daven Wu AMANPURI. Among high-flying cognoscenti, the name is a check-in legend. It is a semaphore for resort-trippers who cherish discreet luxury,
        1,040 words
    • WELLNESS
      • Article, Illustration
        Lock icon Only the good stuff
        1658 10 / 11  -  Healthy cooking and eating get easier with three new cookbooks filled with nourishing yet time-saving recipes. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg The Pleasures of Eating Well: Nourishing Favourites from the Como Shambhala Kitchen By Christina Ong S$95.00 before GST, 305x225mm 303pp Cased The book
        1,658 words
    • GADGETS
      • Article, Illustration
        Lock icon About time for a java
        625 12  -  Nespresso’s Prodigio is Bluetooth-enabled and lets you programme a brewing time via your smartphone. By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Price: S$398 Specifications Descaling alarm, removable water tank, empty water tank detection, automatic capsule ejection NESPRESSO’S latest capsule coffee machine is Bluetooth enabled, so it will
        625 words
      • Article, Illustration
        Lock icon Dock your iPad Pro here
        516 12  -  By Sherwin Loh LOGITECH BASE Price: $149 Specifications Charging stand with Smart Connector, aluminium material SOMEWHERE along the left edge of any iPad Pro are three small circles, known as Apple’s Smart Connector. Currently, its only use is to connect Apple’s keyboard cover accessories to
        516 words
    • FASHION
      • Article, Illustration
        Lock icon Coach turns to Disney for help
        807 13 Brand trying to restore cachet after competition, sluggish demand and heavy discounting led to slowing sales Bloomberg New York COACH Inc chief executive officer Victor Luis has a strategy to make the brand more edgy and cool: a cheeky Mickey Mouse sticking out his
        Bloomberg; PHOTOS: COACH, BLOOMBERG  -  807 words
    • MOTORING
      • Article, Illustration
        Lock icon Panamera premiere
        150 14  -  By Samuel Ee samuelee@sph.com.sg THE new Porsche Panamera will be showcased here later this year. It had its Berlin world premiere earlier this week. The Eurokars Group is planning to reveal the new four-door Porsche with all-wheel-drive and two new engines the 550 hp, 4.0-li-tre V8 Panamera Turbo
        150 words
      • Article, Illustration
        Lock icon Makeover magic
        605 14  -  Lexus sharpens up the GS mid-size sedan with a new grille and engine. By Samuel Ee SOME things are bound to keep getting bigger the US budget deficit, a middle-aged man’s waistline, and of late, the front grille of the latest Lexus. The signature spindle grille of the
        605 words
      • Article, Illustration
        Lock icon ASTON ADVANTAGE
        608 15  -  The elegant V8 Vantage S Coupe is Aston Martin’s sportiest model yet. THE VANTAGE S DENOTES THE ENTRY POINT OF THE TWO-DOOR ASTON MARTIN RANGE By Samuel Ee samuelee@sph.com.sg SO it is five years old already but there is no denying that the styling of the Aston Martin
        608 words
    • BT CORPORATE GOLF LEAGUE 2016
      • Article, Illustration
        Lock icon It’s team Emerio’s day
        913 16  -  They take the early lead in the first round of The Business Times Corporate Golf League with 114 points. By Justine Moss By Justine Moss THE seventh edition of The Business Times Corporate Golf League teed off on Thursday at Tanah Merah Country Club’s Tampines Course
        913 words
      • Article, Illustration
        Lock icon FootJoy launches new performance fitting system
        302 16  -  By Justine Moss MANY golfers are familiar with club or ball-per-formance fitting when it comes to improving their game. Now, a new innovative system shows just how important it is to choose the right footwear. FootJoy has introduced a first-of-its kind performance fitting system,
        302 words
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www.b sine time .com.sg JULY 2-3, 2016 S$1.20| MCI (P) 040/08/2015 sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article, Illustration
    Lock icon Tech-driven social innovation on the rise
    830 1  -  Purpose-driven companies are harnessing technology to find solutions to social problems, and are being helped along the way by investment companies and companies performing CSR By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PURPOSE is the new profit. Mission-driven businesses are on the uptick, as more
    PHOTO: WORLD SUMMIT AWARD  -  830 words
  • Article
    Lock icon Bottoming seen in home prices, going by URA data
    1042 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore MOST property consultants say that the Urban Redevelopment Authority’s second-quarter flash estimates signal that a bottoming out in private home prices is fast approaching. This, coupled with the recent improvement in private home sales, also
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  • Article
    Lock icon PM: Engineering remains key
    38 1 STILL CRUCIAL ENGINEERING is essential to Singapore’s future and the government is doing its best to encourage more people to study it and work in this field, says Prime Minister Lee Hsien Loong. 2
    38 words
  • Article
    Lock icon Edmund Tie relaunched
    36 1 BACK TO SQUARE ONE EDMUND Tie Company has come full circle: it has been relaunched following a management buyout, after it became DTZ Debenham Tie Leung (SEA) more than 16 years ago. 5
    36 words
  • Article
    Lock icon 2 Cordlife shareholders bow out
    35 1 PROFITABLE EXIT BONVESTS Holdings and Tai Tak Estates sell their respective 10 per cent interest in Cordlife to Nanjing Xinjiekou Department Store for S$86.6 million or S$1.67 a share. 10
    35 words
  • Article
    Lock icon Bad tidings for Japan fund
    28 1 DEEPER IN THE RED LOSSES at the Government Pension Investment Fund are expected to swell with the Brexit-triggered slump in stock values. 17
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      56 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Co’s and Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Living L2-5 Dining L6-7 Shopping L8 Travel L9 Wellness L10-11 Gadgets L12
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    • Article
      Lock icon MARKETS
      134 2 GSTI 2,846.37 (+5.44) GSTI FUTURES 2,843.00 (+6.00) GSIMSCI 317.50 (+0.42) HSIMSCI FUTURES 316.40 (-0.90) STOCKS Friday Change KL COMP 1,646.22 -7.86 NIKKEI 225 15,682.48 +106.56 HANG SENG Closed SET Closed JAKARTA 4,971.58 -45.07 MANILA 7,830.35 +34.10 KOSPI 1,987.32 +16.97 SHENZHEN B 1,107.19 +6.93 MUMBAI 27,144.91 +145.19 11.45 EDT Change
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    • Article, Illustration
      Lock icon Engineering remains key to Singapore’s future: PM Lee
      537 2  -  Government hopes more talented people will enter the profession By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ENGINEERING is essential to Singapore’s future and the government is doing its best to encourage more people to study it and work in this field, says Prime
      PHOTO: DESMOND WEE  -  537 words
    • Article
      Lock icon Correction
      42 2 IN “EC World Reit to raise up to S$663 million in initial public offering” (BT, July 1), the maximum amount that the offering can raise was wrongly stated. It should be S$637.6 million, including over-allotments. We are sorry for the error.
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    • Article, Illustration
      Lock icon Temasek shows way for local firms to support social entrepreneurship
      642 4  -  Its mentors are guiding 8 social enterprises By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore AN online platform based in India connects sports talent in rural areas to professional athletes and coaches worldwide. A mobile app puts patients with depression in Indonesia
      PHOTO: TEMASEK INTERNATIONAL  -  642 words
    • Article, Illustration
      Lock icon Edmund Tie & Company relaunched following management buyout
      653 5  - Edmund Tie Company relaunched following management buyout Shareholders buy out Cushman’s 60% stake; new firm helmed by chairman Edmund Tie and CEO Ong Choon Fah By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IT has come full circle for Edmund Tie Company, which became DTZ Debenham Tie Leung (SEA) more than 16
      653 words
    • Article, Illustration
      Lock icon Are you comfortably miserable at work?
      966 6  -  Then you’re gripped by a paralysing need to maintain the status quo, but dreading every minute of it cubicle files By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THE term “comfortable misery” sounds like a pretty big contradiction, but believe me, there are plenty of working
      ILLUSTRATION: LUDWIG ILIO  -  966 words
    • Article, Illustration
      Lock icon Four-seater models lower average age of Ferrari buyers
      664 6  -  By Samuel Ee samuelee@sph.com.sg Singapore SOME fans of the Prancing Horse may not automatically think of the GTC4Lusso or California T as a classic Ferrari, but these two models are important in the marque’s attempt to target the next generation of customers.
      PHOTO: FERRARI  -  664 words
    • Article, Illustration
      Lock icon Chatbots: closing ranks
      403 7  -  Move over, Uncle Sam. The US Army has a new recruiter a chatbot known as Sergeant Star. The intelligent virtual assistant is changing how America engages a new generation of tech-savvy potential recruits. Amid Singapore’s push for greater automation, The Business Times takes a closer look at
      Sources: US Army/Next IT, Electronic Frontier Foundation, TLDR podcast BT Graphics: Simon Ang & Dania Amiril  -  403 words
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      1214 3 ADVERTISEMENT A SPECIAL FEATURE BROUGHTTOYOU BY ALLIANCEBERNSTEIN How Does Defense Win Champions uncertainty in the end result. So it is with equity portfolio managers many of them want to be Brazil, but adopt high-risk strategies that make them, and their investors, fall behind. At AB, we believe equity strategies should
      1,214 words
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      26 5 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
      26 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      66 5 1 Over 600 Labels On Sale, 25 Labels On Tasting Free Delivery for purchases above $800. J Download our sale list at www.crystalwines.com DATE 3 July 2016, Sunday TIME 10am-6pm VENUE Valley Point Shopping Centre #01-02 491 River Valley Rd S*****1 'ASTING $10 Per Pax (refundable with purchase) CONTACT 6737
      66 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The billionaire retail rebel
      2046 8 / 9  -  Uniqlo founder Tadashi Yanai has plans for global domination from Day One one store at a time. By Jaime Ee By Jaime Ee jaime@sph.com.sg TADASHI Yanai likes T-shirts. They’re comfortable, anybody can wear one and if you get a lot of people to buy them, you
      2,046 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Bon vests, Tai Tak bow out as Cordlife’s substantial shareholders
      550 10  -  Stake sales will see emergence of Chinese retail giant Nanjing Xinjiekou as major shareholder By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE “play” by Cordlife Group’s two longtime substantial shareholders less than three months after they demanded board seats in the
      FILE PHOTO  -  550 words
    • Article
      Lock icon Swiber gets new JV partner for Mexico business
      452 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A NEW investor is coming on board Singapore-listed Swiber Holdings’ developing offshore engineering procurement, installation and commissioning (EPIC) business in Mexico. Swiber on Friday said that an independent investor with exposure to Mexico’s oil and
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    • Article
      Lock icon ISR Capital raises stake in Madagascar firm to 60%
      365 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore INVESTMENT firm ISR Capital has entered into an agreement to acquire a further 40.1 per cent stake in a Madagascar rare earth concession holder from Reo Magnetic for S$26.7 million. This, coupled with an earlier
      365 words
    • Article, Illustration
      Lock icon STI bounces up 4% in the week after Brexit
      532 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent BAD economic news is good for stocks this has been the defining mantra over the past eight years, thanks to generous central bank policies that have supported risk assets. That was the case again
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    • Article
      Lock icon Newmont exiting Indonesia with US$1.3b sale of assets
      266 11 Bloomberg Toronto NEWMONT Mining Corp, the largest US bullion producer, agreed to sell its Indonesian copper and gold assets for US$1.3 billion to a local consortium, as the country pushes miners to build smelters rather than exporting raw materials. PT Amman Mineral
      Bloomberg  -  266 words
    • Article, Illustration
      Lock icon Best World Int’l shares surge on licence grant from China
      253 11  -  HOT STOCK By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MAINBOARD-listed Best World International’s subsidiary Best World (Zhejiang) Pharmaceutical has been granted the direct selling licence by the Ministry of Commerce in China. News of this grant sparked a surge in the
      Source: Bloomberg  -  253 words
    • Article
      Lock icon GAINERS
      74 11 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 274.4 1.0 *****/***** GLD US$ ***** 222.0 1.3 *****/***** DBXT S&P500 US$ 3608 168.2 3.6 3650/3126 DBXT E50 US$ 4261 137.2 2.5 5242/3918 DBXT MSEurope US$ 5182 109.0 1.6 6064/4770 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2 100.0
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    • Article
      Lock icon LOSERS
      73 11 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 3590 -60.0 -1.6 4520/2636 JMH USD 5802 -39.0 -0.5 6103/4500 DBXT MSJAP US$ 4646 -32.3 -0.5 5161/4031 DBXT S&PShort US$ 2033 -22.9 -0.8 2393/2022 JSH USD 3001 -22.9 -0.6 3300/2524 BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz 0.1 -66.7 -0.2 0.9/0.1
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    • Article
      Lock icon MOST ACTIVE
      36 11 VOLUME LionGold 127,325,000 IPCO Intl 117,950,200 M Development 90,256,100 Noble 87,985,700 Magnus Energy 50,448,900 Market volume 1,301,444,000 VALUE Singtel 107,276,606 DBS Grp 91,653,027 OCBC Bank 68,038,789 UOB 62,146,148 JMH USD 26,427,611 Market value 999,562,000
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    • Article
      Lock icon STI STOCKS
      306 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 -2 248/244 253 209 6.2 6487.8 CapitaCom Trust 150 +2.5 150/148 157 122.5 5.7 4434.5 CapitaLand 308 +1 309/306 358 267 12.3 2.9 *****.7 CapitaMall Trust 217 +4 219/213 225 184.5
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    • Article
      Lock icon SGX ETFs Most Active
      108 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap CIMBASEAN40 US$ US845 372 846/845 949/700 845/860 132.5 STI ETF 289 +1 278 290/288 343/254 288/289 IS MS INDIA US$ US698 +5 115 698/690 780/575 694/699 87.3 DBXT MSPAKIS US$ US202 -0.1 80 202.2/202 213.8/169.8 201.3/202.2
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      796 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 27 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Delfi Ltd 29-Jun-16 Aberdeen Asset Mgrs *Buy 672 2.10 ***** 5.95 ***** 6.06 KS Energy 28-Jun-16 Richard
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 1 0 0 6 8 3 Manufacturing 33 41 22 9 9 11 42 50 33 Commerce 15 16 12 0 5 3 15 21 15 Tpt/Stor/Comms 8 16 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,448 1,031 14,479 44,830 203 45,032 Manufacturing 79,187 184,235 263,422 96,332 1,693 98,025 Commerce 121,972 13,042 135,014 79,703 196 79,899 Tpt/Stor/Comms 106,077 2,137 108,214 187,254 199 187,453 Finance 28,842 267 29,109 247,451 39 247,491 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jul 1 VALUE CLOSE BT OB/OS 76.00 +59.00 BT CADI -*****.00 +3.00 BT 10-day MA -*****.00 +8.00 FTSE ST Mid Cap 677.22 +3.57 FTSE ST Small Cap 386.46 +0.66 FTSE ST All Share 694.47 +0.96 FTSE ST China Top 158.74 -0.38 FTSE ST China 187.58 -0.06 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 VOLCLOSE($) CHANGE M Development 90,256.1 0.003 +0.001 +50.00 TMC Education 234.8 0.060 -0.022 -26.83 Infinio 4,150.6 0.002 +0.001 +100.00 China Haida 230.1 0.018 +0.004 +28.57 LifeBrandz 4,980.2 0.001 -0.002 -66.67 LionGold 127,325.0 0.002 -0.001 -33.33 HL Global Ent 627.6 0.100 +0.010 +11.11 Longcheer 330.3 1.080 +0.245 +29.34 Blumont
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    • Article
      Lock icon COMMODITY FUTURES
      192 13 Jun-30 Price Net change change Last Trade Agricultural Jun-30 CBOT Soybeans (US cents/bu) 1175.00 30.50 2.66% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.38 0.56 1.82% 14/07/2016 CBOT Wheat (US cents/bu) 431.25 1.75 0.41% 14/07/2016 Jun-30 LIFFE Cocoa (£/tonne) 2385.00 -5.00 -0.21% 14/07/2016 LIFFE Coffee (US$/tonne) 1688.00 -8.00 -0.47%
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    • Article
      Lock icon PALM OIL
      60 13 Jul 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 16 2434.0 2400.0 2434.0 2400.0 20 2734 Aug 16 2397.0 2374.0 2397.0 2358.0 1568 ***** Sep 16 2379.0 2353.0 2379.0 2334.0 ***** ***** Oct 16 2358.0 2343.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Jul 1 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 99.18 99.15 5-Year NX*****X 2.250 01-Jun-21 103.98 104.10 103.66 10-Year NX*****F 2.125 01-Jun-26 102.68 102.80 102.30 15-Year NZ*****F 2.875 01-Sep-30 109.41 109.78 109.40 20-Year NZ*****V 3.375 01-Sep-33 117.07
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jul 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0035 1.0043 0.7460 0.7465 Canadian dollar 1.0399 1.0404 0.7733 0.7730 Euro 1.4942 1.4949 1.1108 1.1111 NZ dollar 0.9624 0.9637 0.7154 0.7163 Sterling pound 1.7898 1.7905 1.3305 1.3308
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    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      208 13 Most active Jul 1 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.4 -0.5 7439 0.1 1620 3 Rowsley Ltd W*****3 0.3 0.1 3756 1 18 3 OCBC Bk MBeCW*****4 7.2 0.4 3039 0.1 820 3
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Jun 30 Index Change Change Change Change Change Change World Preliminary 1247.2 0.7 -2.4 0.6 -6.1 0.7 -1.1 EAFE Preliminary 922.0 1.0 -9.0 0.9 -11.1 0.9 -6.3 Europe Preliminary 1328.8 1.3 -5.9
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    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article
      Lock icon Ezra unit back in contention for floating production contract
      510 14  -  A retender for the Indonesia project has been called By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A RETENDER for Husky-CNOOC Madura Ltd’s (HCML) MDA-MBH field development in Indonesia has put a consortium comprising a subsidiary of Ezra Holdings back in contention
      510 words
    • Article
      Lock icon China Fishery files for bankruptcy in NY
      357 14  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore Singapore BELEAGUERED China Fishery Group, along with more than 15 affiliates, has filed for Chapter 11 bankruptcy protection in New York. Restructuring proceedings have also begun in Peru, the US, and the British Virgin Islands. According to
      357 words
    • Article
      Lock icon Keppel T&T to recognise S$56m gain from partial sale of DC Reit manager
      305 14  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore KEPPEL Telecommunications Transportation (Keppel T&T) will recognise a S$56 million gain after selling a 50 per cent stake in the manager of its data centre real estate investment trust (Reit) to
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    • Corporate digest
      • Article
        Lock icon OCBC, Great Eastern
        55 14 LOCAL lender OCBC Bank on Friday said it has purchased 611,800 shares at S$20.59 a share in Great Eastern Holdings for a total of S$12.6 million. Great Eastern is a subsidiary of the bank. The purchase has increased the bank’s shareholding in Great Eastern from 87.6 per
        55 words
      • Article
        Lock icon Ascendas Reit
        68 14 ASCENDAS Funds Management, the manager of Ascendas real estate investment trust (Reit), on Friday announced that Lim Hock San has been appointed independent director with effect from Friday. Mr Lim, 70, president and chief executive of United Industrial Corporation as well as Singapore Land, is also appointed member
        68 words
      • Article
        Lock icon Vashion Group
        87 14 VASHION Group is planning a 9-for-1 rights issue of up to 1.68 billion new shares to raise S$5.09 million in net proceeds. At S$0.0032 for each rights share, the issue price represents a discount of about 77 per cent from the closing price of S$0.014 per share on
        87 words
      • Article
        Lock icon KrisEnergy
        88 14 UPSTREAM oil and gas company KrisEnergy said its chief executive and founding director, Keith Cameron, will retire. The firm said Jeffrey S Macdonald, a non-executive independent director since 2009, will take over as interim CEO effective July 1 until a successor is appointed. Mr Cameron will continue as an
        88 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon HDB resale prices inch up 0.1% in Q2
      510 15  -  Price consolidation over past year expected to lead to a pickup in resale transactions By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FLASH estimates released by the Housing Development Board (HDB) on Friday showed resale flat prices inching up 0.1 per cent in the
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    • Article
      Lock icon More choices for Manhattan homebuyers as resale supply jumps
      790 15 Bloomberg New York RESIDENTS who aren’t necessarily millionaires are having an easier time finding an apartment to buy in Manhattan. After years of scavenging a market dominated by new developments for ultra-wealthy investors, those who lack unlimited funds are finding more
      Bloomberg  -  790 words
    • Article
      Lock icon Househunt
      1221 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 18 AND MAY 24, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 13 NON-LANDED Blossoms Woodleigh Apt 20/05/2016 Fh 1206 1555 1290 Sennett Residence Apt 24/05/2016 99 3391 3391 1000
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      37 15 HILLTOP VILLA PEIRCE HILL *****/9200 sf Rooftop garden, unblock view Almost brand new Designer’s hse Rare, quiet Attractive price Exclusive Marketing Agent K H Tan 9456 7348 Newsman Realty Pte Ltd Estate Agt L*****98F CEA Reg R*****9A
      37 words
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  • BANKING & FINANCE
    • Article
      Lock icon Japanese govt pension fund ‘faces major losses’
      476 17  -  House opposition leader criticises fund as being equity-heavy, urges cut to equity allocation By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S Government Pension Investment Fund (GPIF), the biggest of its kind in the world, lost five trillion yen (S$65.5 billion) last year on its stepped-up
      476 words
  • Page 17 Advertisements
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      283 17 Final Notice of Dissolution under the BVI Business Companies Act, 2004 ROVEDALE HOLDINGS LIMITED (In Voluntary Liquidation) Company No. *****30 NOTICE is hereby given pursuant to Section 208, subsection 3 of the BVI Business Companies Act, 2004 that the Company was dissolved and struck off the Register of Companies with
      283 words
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      527 17 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
      527 words
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      Lock icon Page 17 Advertisements Column 3
      380 17 CCD Singapore <3i3D Savings Bonds Website: www.sgs.gov.sg/savingsbonds/ Hotline: 6221 3682 Application for Singapore Savings Bonds The Monetary Authority of Singapore (MAS) invites individuals to apply for the next issue of Singapore Savings Bonds (Savings Bonds): Issuance date 1 Maturity date 1 Maximum amount offered 2 Issue Code Coupon payment dates
      380 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Private equity interest returns to O&G: EY
      537 18  -  25% of PE firms plan acquisitions in the sector before the end of 2016 and 43% by the first half of 2017 By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PRIVATE equity (PE) firms are readying to deploy capital in the global oil and
      537 words
    • Article, Illustration
      Lock icon Philippine mining set for bumpy ride under Duterte administration
      638 18 Reuters Manila AFTER the Philippines became the top supplier of nickel ore to China in the last two years, its struggling mining industry may have felt like it was turning a corner. But hope in the industry of getting an easier
      Reuters; PHOTO: BLOOMBERG  -  638 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Micron posts Q3 loss on weak demand
      677 19 Despite buying out rivals, US chipmaker is still up against South Korea’s SK Hynix and Samsung Bloomberg San Francisco MICRON Technology Inc, which tried to bring order to the brutal memory chip business by buying out rivals, has left the job unfinished. The
      Bloomberg; PHOTO: REUTERS  -  677 words
    • Article
      Lock icon End of the road likely for Russian robot after escape bid
      486 19 WP Washington THE first autonomous robot that roamed around regular homes or offices was probably a Roomba you know, that little circular vacuum with rudimentary sensors able to get around without bumping into anything. But imagine if you left
      WP  -  486 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Superbugs, govt subsidies draw big pharma back to antibiotics
      806 20 Until the past few years, firms had largely given up on new antibiotics Bloomberg Sydney BIG pharma is creeping back into development of new antibiotics after decades of largely ignoring the business due to the scant rewards offered by such medications.
      Bloomberg; PHOTO: REUTERS  -  806 words
    • Article
      Lock icon US firms selling unapproved ‘stem cell treatments’
      525 20 AFP Miami HUNDREDS of companies across the United States are selling unapproved stem cell treatments directly to patients, raising concerns about safety and scams in a fast-growing industry, researchers said on Thursday. At least 351 companies across the United States are marketing unapproved
      AFP  -  525 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon US opens probe after Tesla Model S’s fatal crash in autopilot mode
      1048 21 Regulator is investigating 25,000 cars equipped with the system Reuters Washington A FATAL accident in which the driver of a Tesla Motors Inc Model S car operating in Autopilot mode was killed in a collision with a truck
      Reuters; PHOTO: REUTERS  -  1,048 words
    • Article
      Lock icon Productivity at Changi to get S$20m Wi-Fi boost
      404 21  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AS part of efforts to improve productivity and reduce reliance on manpower, the Civil Aviation Authority of Singapore (CAAS) and Changi Airport Group (CAG) will invest over S$20 million in the next six years in an
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Scant comfort for Abenomics in latest Bank of Japan tankan survey
      736 22  -  Latest quarterly survey shows business confidence at a low ebb in the second quarter By Anthony Rowley btworld@sph.com.sg Tokyo WITH just one week to go before a politically important parliamentary election, Prime Minister Shinzo Abe drew little comfort on
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    • Article, Illustration
      Lock icon Almost 5 million jobless, but Spain faces skills shortage
      774 22 Bloomberg Madrid SPANISH headhunter Ismael Pimentel just can’t find the candidates. After a frustrating search for specialist consultants for a client, he’s given up and is casting his net elsewhere. “We were looking for people for two months,” Mr Pimentel, a
      Bloomberg; PHOTO: REUTERS  -  774 words
    • Article, Illustration
      Lock icon China factory activity stalls in June: survey
      620 23 This adds to hopes that Beijing will have to roll out more stimulus soon Reuters Beijing GROWTH in China’s manufacturing sector stalled in June, an official survey showed on Friday, adding to expectations that Beijing will have to roll out more stimulus soon
      Reuters; PHOTO: AFP  -  620 words
    • Article, Illustration
      Lock icon Jakarta steps up infrastructure programme
      610 24 Move comes despite govt budget coming under strain; work to build at least 335.6 km of toll roads to start soon Bloomberg Jakarta INDONESIA’S government is speeding up an infrastructure rollout programme that President Joko Widodo has made a hallmark of his administration, despite its
      Bloomberg  -  610 words
    • Article, Illustration
      Lock icon Tough-talking Theresa May a unifying PM post-Brexit ?
      569 24 Tough-talking Theresa May a unifying PM post-Brexit Home sec’s tactic of conciliation could see her replace Cameron AFP London BRITAIN’S tough-talking interior minister Theresa May has avoided the Conservative party in-fighting that dominated the European Union (EU) referendum campaign, making her a strong contender to replace leader David Cameron as
      AFP; PHOTO: AFP  -  569 words
    • Article, Illustration
      Lock icon Australian election too close to call
      539 25 Polls show coalition, Labor in dead heat; minor parties may emerge as power brokers Reuters Sydney AUSTRALIA braced for an election that was too close to call on Friday, with Prime Minister Malcolm Turnbull warning of economic chaos if his gamble on an early
      Reuters; PHOTO: REUTERS  -  539 words
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  • Page 23 Advertisements
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      182 23 Sat Sun, 2 3 July 2016,10am 6pm, Marina Bay Sands, Halls D E (Basement 2) FREE ENTRY 2 July Open to Singaporeans and Permanent Residents only 3 July Open to Singaporeans, Permanent Residents, and foreigners with valid work passes or student passes from local institutions Exclusively to the Career Fair!
      182 words
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  • Page 25 Advertisements
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      65 25 TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SINGAPORE QUALIFIERS presented by GOODIE BAG WORTH OVER $750 SINGAPORE QUALIFIERS 20, 26 JULY 2016 SIGN UP NOW www.tnp.sg/WAGC Ron Totton Division A Champion, 2015 SINGAPORE FINALS 2 AUGUST 2016 ENTRY
      65 words
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  • OPINION
    • Article, Illustration
      Lock icon Why programmes to transform companies fail
      1010 26 / 27  -  It’s not because the ‘what’ is wrong, but because the ‘how’ is poorly conceived and executed. Successful change requires laser focus, sufficient resources, and the right application of skills. By Sanjeev Nanavati By Sanjeev Nanavati ~The writer is a senior adviser to the Asian
      ST FILE PHOTO  -  1,010 words
    • Article
      Lock icon Edinburgh has what it takes to be Europe’s new financial capital
      956 26 / 27  -  By Anthony Rowley btworld@sph.com.sg ~The author is BT’s Tokyo correspondent WRITING in the Far Eastern Economic Review magazine 25 years ago after a visit to Edinburgh, I described the Scottish capital as a “Camelot of a city” in reference
      956 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Private bank advice for post-Brexit world
        821 28 / 29  -  Investors are being reminded that ‘uncertainty can mean opportunity as well as risk’. So put cash to work once more clarity emerges. By Abby Schultz By Abby Schultz GLOBAL markets have been reeling from Britain’s decision to leave the European Union, and investors in
        PHOTO: BLOOMBERG; PHOTO: ARTHUR LEE  -  821 words
      • BROKERS’ TAKE
        • Article
          Lock icon CapitaLand Mall Trust Hold
          153 28 / 29 DBS Group Research July 1 July 1 close: S$2.17 Target price: S$2.20 AS WE approached the last day of operations at Funan, the detailed redevelopment plan has yet to be announced. Based on our assumptions, we forecast that the redevelopment will impact CapitaLand Mall Trust’s (CMT)
          153 words
        • Article
          Lock icon PACC Offshore Services Holdings Hold
          261 28 / 29 OCBC Investment Research July 1 July 1 close: S$0.36 Target price: S$0.35 PACC Offshore Services Holdings (POSH) recently announced that it has won a contract by Technip Oceania Pty Ltd, through its subsidiary POSH Semco Pte Ltd, to support Shell’s Prelude floating LNG facility using
          261 words
        • Article
          Lock icon UOL Group Add
          261 28 / 29  -  Compiled by Jamie Lee CIMB Research June 30 July 1 close: S$5.52 Target price: S$8.06 CONCERNS over UOL’s UK exposure have been overstated. Currently, it has only £200 million exposure to the country via a completed office property and a mixed hotel/residential project. Combined, the two make
          261 words
      • Article, Illustration
        Lock icon Currency funds on worst streak in three years
        671 30 Traders fail to capitalise on volatility that’s surged to the highest level since 2011 Bloomberg New York IT was another rough month for currency-focused hedge funds. A gauge of returns in the US$5.3 trillion a day foreign exchange market extended its longest
        Bloomberg; PHOTO: REUTERS  -  671 words
      • Article
        Lock icon Gold expected to rally as Brexit prompts Fed to hold rates
        630 30 Hedge fund manager sees gold ending the year even higher Bloomberg Singapore GOLD will probably extend gains this half as Britain’s vote to quit the European Union adds to the case for the US Federal Reserve pausing on interest
        Bloomberg  -  630 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon London art market rides out Brexit
      772 31 Buyers from Asia and US take advantage of the falling pound to set records for many artists Bloomberg New York LONDON’S art market was whipsawed like the financial world during the two weeks of auctions surrounding Britain’s historic vote to leave the European Union.
      Bloomberg; PHOTO: REUTERS  -  772 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      330 31 CRYPTIC CROSSWORD Across 1 Spoilt star with nerves getting cross (10) 6 Stunner starts to bare all becoming excited (4) 9 Sweetheart wearing sacks for dresses (5) 10 Stop swallowing most of beer, it’s common (9) 12 Insignificant balls in over seen in Test (7) 13 Knight perhaps clear in
      330 words
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      131 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      131 words