The Business Times, 5 July 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 Tuesday, July 5, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    166 1 Some economists are putting aside talk of “green shoots” for the manufacturing sector and forecasts that performance will be worse than last year’s. TOP STORIES 2 Most government e-services will require two-factor authentication for log-in and transactions, from Tuesday. TOP STORIES 5 MMP Resources, formerly Sino Construction, plans
    166 words
  • Article, Illustration
    Lock icon Brexit adds to the jitters in O&M sector’s recovery
    1188 1  -  Industry watchers hope for signs of a continued turnaround in oil prices following months of volatile market conditions and a supply glut By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE stabilising of oil prices at US$40 to US$50 has offered the
    PHOTO: REUTERS  -  1,188 words
  • Article, Illustration
    Lock icon SingPost to adopt corporate governance review proposals
    557 1  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE Post (SingPost) said on Monday night that it will adopt the recommendations of the newly completed Corporate Governance Review, save for the recommendation that deems all non-independent directors with more than nine years’ tenure are no
    557 words
  • Article
    Lock icon Aussie credit rating under threat
    650 1 BLOOMBERG Sydney A NATIONAL election result leaving Australia without a strong majority government threatens to undermine the nation’s top credit rating. The danger stems from an intractable budget gap that, to reverse, would require tax increases, spending cuts or structural reforms to boost underlying economic
    BLOOMBERG  -  650 words
  • Article
    Lock icon MARKETS
    24 1 Monday Change STI 2,870.56 +24.19 KL COMP 1,654.84 +8.62 NIKKEI 225 15,775.80 +93.32 HANG SENG 21,059.20 +264.83 SHENZHEN B 1,116.69 +9.51 DOW Closed
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  • TOP STORIES
    • Article, Illustration
      Lock icon S’pore June PMI slumps, putting aside talk of ‘green shoots’
      562 2  -  As effects of factories ramping up production after Feb wear off, economists see production settling at lower levels By soonwl@sph.com.sg Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore AFTER holding up in the past few months, conditions in Singapore’s manufacturing worsened in June,
      Source: Singapore Institute of Purchasing & Materials Management  -  562 words
    • Article, Illustration
      Lock icon Singapore could partner IEA to do more: Iswaran
      607 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE could partner the International Energy Agency to host regular training sessions to develop capabilities in areas such as low carbon technologies and energy efficiency in the region, Minister for Trade and Industry (Industry) S Iswaran
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    • Article
      Lock icon Temasek beefs up footprint in medtech sector
      614 2  -  Accuron Technologies buys majority stake in device maker; ASLAN Pharmaceuticals gets set for 2017 IPO By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE medical technology (medtech) sector in Singapore is primed for a shot in the arm. On Monday, investment firm Temasek Holdings announced
      614 words
    • Article, Illustration
      Lock icon Uptick in enquiries, now that oil prices have stabilised
      1099 4  -  But industry veterans say the supply overhang might stymie a return to profitability by the offshore drilling sub-sector By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OFFSHORE drilling, being at the forefront of the offshore-&-marine value chain, would be the first sub-sector
      PHOTO: REUTERS  -  1,099 words
    • Article, Illustration
      Lock icon Singapore expected to lag regional peers in retail sales: report
      429 4  -  But its affluent population offers stability; Indonesia seen leading growth in region, followed by M’sia By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE growth of Singapore’s retail sector is expected to underperform its regional peers, but an affluent population could provide
      Source: Frost & Sullivan  -  429 words
    • Article
      Lock icon MayAir looks to grow in China and beyond
      837 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur IF the haze from Indonesia’s land-clearing activities blankets the region again this year, it won’t exactly be bad news for one company. Clean-air specialist MayAir Group Plc is expecting more and more people to ask: “What
      837 words
    • Article
      Lock icon New measures for more secure govt e-services
      567 5  -  Two-Factor authentication process will ensure heightened security for the SingPass system By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore STARTING from Tuesday, a majority of government e-services will require two-factor authentication (2FA) for login and transactions. In addition to the SingPass and password, users
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    • Article, Illustration
      Lock icon Final Four ready for semi-final showdown
      757 5  -  COMMENTARY: EURO 2016 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT IT took all of three weeks, but after a tepid start, the Euro 2016 football tournament in France finally kicked into high gear over the weekend. The quarter-final clashes were all enthralling and exhilarating in their
      PHOTO: AFP  -  757 words
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      Lock icon Page 2 Advertisements Column 1
      359 2 EU YAN SANG INTERNATIONAL LTD (UEN/Company Registration No. *****2179H) (Incorporated in the Republic of Singapore) NOTICE TO THE HOLDERS OF THE S$75,000,000 4.10 Per Cent. Fixed Rate Notes Due 2018 comprised in Series 001 (ISIN: SG56I*****36) (the “Notes”) issued pursuant to the S$300,000,000 Multicurrency Medium Term Note Programme of Eu
      359 words
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      Lock icon Page 2 Advertisements Column 2
      303 2 Singapore Corporate Tax Planning Maximise Tax Savings by Planning in a Tax-smart Way! Effective Corporate Tax planning is when you maximise tax savings by capitalising on beneficial tax-law provisions, increasing and accelerating tax deductions and tax credits, and generally making maximum use of all applicable breaks available under the Singapore
      303 words
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  • Page 5 Advertisements
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      304 5 INTRODUCING OUR NON-STOP FLIGHT TO SAN FRANCISCO YOUR ULTIMATE A350 EXPERIENCE From 23 October 2016, we offer daily non-stop flights to San Francisco on the Singapore Airlines A350. Sit back and unwind in a comfortable seat amidst spacious, quiet surroundings. On arrival, you’ll be rested and ready to take in
      304 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Gold glitter looks set to continue – at least for rest of the year
      1114 6  - Gold glitter looks set to continue at least for rest of the year HOCK LOCK SIEW BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT IS gold’s rally a flash in the pan? Or is it entering a new bull run? As is usual in times of volatility, the metal’s rise is drawing a
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    • Article
      Lock icon MMP Resources plans to buy Hokkaido ski operator for S$1m
      353 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore MMP Resources, formerly known as Sino Construction, is planning to acquire Hokkaido ski operator JRT Trading for 80 million yen (S$ 1.05 million) in cash. On top of that, it will repay over two
      353 words
    • Article
      Lock icon Singapore chalks up 383 deals worth US$43.4b in first half-year
      730 7  -  M&A transactions up 16% at 339; value drops 35% to US$40.5b but is the second highest half-yearly figure since 2012 By gladyeo@sph.com.sg Gladys Yeo gladyeo@sph.com.sg Singapore SINGAPORE recorded a total of 383 deals valued at US$43.4 billion in mergers and
      730 words
    • Article
      Lock icon EFG to focus on basics, discretionary funds in rebuilding BSI
      459 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SWISS bank EFG International will rebuild BSI Bank’s tarnished business with a focus on fundamentals, leveraging EFG’s strengths in fixed income and US equities as well as tapping growth in discretionary services, said EFG
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    • Article
      Lock icon Trendlines’ roadshow features seven portfolio companies
      270 7  -  By nluqman@sph.com.sg Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore Singapore THE Trendlines Group, an agritech and medtech incubator, kicked off its first Asian roadshow on Monday. Held at at the Singapore Exchange (SGX) building, it showcases seven of the group’s Israel-based medical portfolio companies. Entrepreneurs from
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index July 4,2016 2,870.56 +24.19 (+0.85%) Current streak 5 days Day high 2,874.90 Day low 2,842.32 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 4,2016 449.44 +4.82 (+1.08%) Current streak 4 days Day high 450.35 Day low
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 291.6 1.8 *****/***** Lyxor Indonesia US$ 8491 212.3 1.9 8491/6250 GLD US$ ***** 178.7 1.0 *****/***** SPDR S&P500 US$ ***** 153.2 0.5 *****/***** Lyxor MS India US$ 1530 87.4 4.4 1840/1331 BY PERCENTAGE CLOSE UP 52w high/low HuanHsin 1.2
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    • Article
      Lock icon LOSERS
      74 8 BY CENTS CLOSE DOWN 52w high/low DBXT AUDCS SG$ ***** -494.0 -2.1 *****/***** JSH USD 2974 -36.3 -0.9 3300/2524 DBXT S&PShort US$ 2014 -25.5 -0.9 2393/2012 JMH USD 5784 -24.2 -0.3 6103/4500 IS Asia BND US$ 1086 -14.8 -1.0 1097/1010 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -50.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Plato Capital 20.1 0.085 +0.039 +84.78 LifeBrandz 4,001.1 0.002 +0.001 +100.00 MMP Resources 16,630.0 0.002 -0.001 -33.33 Equation 15,393.2 0.004 -0.001 -20.00 Singapore O&G 1,135.9 0.915 +0.080 +9.58 Chiwayland Intl 2,603.7 0.126 +0.014 +12.50 Wilton Resources 652.3 0.073 +0.006 +8.96 HuanHsin 100.1 0.012 +0.006 +100.00
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    • Article, Illustration
      Lock icon STI up 24 points amid fresh easing hopes
      628 8  -  Investors see another round of monetary easing by central banks to support global economy following Brexit outcome STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT SHARE prices on the Singapore bourse could have fared poorly on Monday by staying in a funk ahead of
      Source: Bloomberg  -  628 words
    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 +4 250/247 253 209 6.1 6593.3 CapitaCom Trust 153 +3 153.5/150 156 122.5 5.6 4523.2 CapitaLand 305 -3 309/305 354 267 12.2 3 *****.5 CapitaMall Trust 219 +2 220/217 225 184.5
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 72,346,000 ThaiBev 52,308,700 Golden Agri-Res 41,800,400 Magnus Energy 39,731,100 Ezra 36,919,400 Market volume 1,892,633,000 VALUE Singtel 51,977,855 ThaiBev 48,645,715 DBS Grp 46,538,805 OCBC Bank 42,143,459 UOB 35,573,966 Market value 976,722,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 4 VALUE CLOSE BT OB/OS 83.00 +7.00 BT CADI -*****.00 +112.00 BT 10-day MA -*****.00 +8.00 FTSE ST Mid Cap 684.25 +7.03 FTSE ST Small Cap 390.84 +4.38 FTSE ST All Share 699.81 +5.34 FTSE ST China Top 161.35 +2.61 FTSE ST China 189.85 +2.27 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 July 4,2016 699.81 +5.34 (+0.77%) Current streak 5 days Day high 700.52 Day low 694.21 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 July 1,2016 1,620.63 +12.18 (+0.76%) Current streak 4 days Day high 1,623.66 Day low 1,605.74 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 8 4 3 1 0 0 9 4 3 Manufacturing 44 28 29 7 9 10 51 37 39 Commerce 19 13 13 3 5 4 22 18 17 Tpt/Stor/Comms 19 7 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,945 3,923 20,868 58,808 793 59,601 Manufacturing 114,365 63,841 178,206 123,042 2,809 125,851 Commerce 99,776 34,611 134,387 52,011 897 52,908 Tpt/Stor/Comms 125,925 938 126,863 148,308 88 148,396 Finance 25,848 11 25,859 139,508 2 139,509 Construction
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    • Article
      Lock icon SGX ETFs Most Active
      111 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 292 +3 728 293/289 343/254 291/292 IS MS INDIA US$ US703 +5 202 703/695 780/575 702/705 87.9 Lyxor HSI US$ US265 cd +3 150 265/264 332/218 250/269 23.1 Lyxor ChinaH US$ US1270 +23 60
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore healthcare
        170 8 DBS Group Research, July 4 HEALTHCARE expenditure is to triple by 2030. With ageing demographics, we project total healthcare expenditure to triple by 2030, rising to S$44 billion from S$17 billion in 2013 at 5.9 per cent compound annual growth rate (CAGR). Personal healthcare expenditure is projected to
        170 words
      • Article
        Lock icon Ezion Holdings Hold
        194 8 Target price: S$0.50 July 4 close: S$0.465 OCBC Investment Research, July 4 EZION Holdings has proposed a renounceable underwritten rights issue of up to 487.3 million new shares at an issue price of S$0.29 (about 44 per cent discount to closing price of S$0.52 on June 30);
        194 words
      • Article
        Lock icon Sembcorp Marine Sell
        163 8  -  Compiled by Claire Huang Target price: S$1.16 July 4 close: S$1.58 Philip Securities Research, July 4 DRAGGED by the cyclical downturn of O&M sector, Sembcorp Marine is undergoing a tough period. Persistent near-term headwinds; may see turnaround only in 2017. SembMarine has taken mitigating steps, now in
        163 words
    • Article
      Lock icon Aussie dollar recovers after shaky start
      381 9 CURRENCIES REUTERS London THE Australian dollar recovered from a wobbly start on Monday, as commodities rose on expectations that global central banks are likely to provide more stimulus to offset the impact of Britons’ vote to leave the European Union. Traditional safe-haven currencies such
      REUTERS  -  381 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jul 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.968 5.006 0.675 5.828 50.492 98.620 0.771 8.622 2.994 1.046 78.693 35.160 1.010 10.909 0.732 24.180 26.331 0.566 0.751 Canada 1.033 5.169
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jul 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0093 1.0105 0.7510 0.7515 Canadian dollar 1.0425 1.0431 0.7758 0.7757 Euro 1.4944 1.4957 1.1120 1.1124 NZ dollar 0.9651 0.9661 0.7181 0.7185 Sterling pound 1.7844 1.7859 1.3278 1.3282
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jul 4 S$ Bid Offer 1-month 1.3440 1.3450 2-months 1.3443 1.3453 3-months 1.3446 1.3455 6-months 1.3454 1.3466 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        208 9 Jul 4 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.1 unch ***** 1 1 175 4.00 13 STI 2650 MB ePW*****1 5 -0.5 4847 0.0 3 DBS MB eCW*****1 8.7 0.3 3666 0.1
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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 Jul 1 Index Change Change Change Change Change Change World Preliminary 1258.6 0.4 -1.5 0.3 -5.4 0.4 -0.1 EAFE Preliminary 929.4 0.8 -8.3 0.6 -10.5 0.8 -5.6 Europe Preliminary 1342.3 1.0 -5.0
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        381 9 Jul 4 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9280.00 9435.00 9242.50 9417.50 *****8 *****7 Aug16 9270.00 9420.00 9212.50 9385.00 6124 723 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec16 *****.00 *****.00 *****.00 *****.00 227 5395 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jul 4 $S Offer Bid 0vernight 0.03 Par 1-month 0.6875 0.5625 2-months 0.8750 0.7500 3-months 0.9375 0.8125 Overnight mode: 0.10 US$ Offer Bid 7 days 0.52 0.42 1 month 0.55 0.45 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 9 Jul 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.2 99.23 99.23 5-Year NX*****X 2.250 01-Jun-21 103.94 103.93 103.90 10-Year NX*****F 2.125 01-Jun-26 102.79 102.90 102.50 15-Year NZ*****F 2.875 01-Sep-30 109.32 109.20 109.10 20-Year NZ*****V 3.375 01-Sep-33 116.94
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jul-1 Price Net change change Last Trade Agricultural Jul-1 CBOT Soybeans (US cents/bu) 1168.75 -6.25 -0.53% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.03 -0.35 -1.12% 14/07/2016 CBOT Wheat (US cents/bu) 416.25 -15.00 -3.48% 14/07/2016 Jul-1 LIFFE Cocoa (£/tonne) 2404.00 19.00 0.80% 14/07/2016 LIFFE Coffee (US$/tonne) 1734.00 46.00 2.73%
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    • Article
      Lock icon Analysts see further boost to S-Reits amid Brexit fallout
      449 10  -  And also during the long exit process from the EU, as federal fund rates are expected to stay low this year By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MORE upside may be in store for Singapore real estate investment trusts (S-Reits), which
      449 words
    • Article, Illustration
      Lock icon StanChart PE takes ‘significant’ stake in Phoon Huat
      285 10 Singapore STANDARD Chartered Private Equity (SCPE) has invested in another Singapore food and beverage player, a year after it ploughed US$52 million into Crystal Jade Group Holdings. It is now taking a “significant stake” in branded food ingredients wholesaler and retailer Phoon
      PHOTO: PHOON HUAT  -  285 words
    • CORPORATE DIGEST
      • Article
        Lock icon Temasek Holdings
        129 10 TEMASEK Holdings has invested in French asset manager Tikehau Capital Partners as it expands investments in Europe. Temasek was among investors injecting a total of 510 million euros (S$764 million) in Tikehau Capital Partners and its holding company as part of two capital increases, the Paris-based firm said.
        129 words
      • Article
        Lock icon Lereno Bio-Chem
        140 10 INDEPENDENT auditor Foo Kon Tan has highlighted that material uncertainties relating to Lereno Bio-Chem cast significant doubt on the group’s and the company’s ability to continue as a going concern. This was in the light of the group incurring losses and total comprehensive loss of S$1.237 million and
        140 words
    • Article
      Lock icon Singtel staff to get 2 days off for SkillsFuture courses
      315 10  -  By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore IN SUPPORT of the Singapore government’s SkillsFuture initiative, Singtel will give its full-time staff two days of leave each year to attend SkillsFuture courses. Singtel’s group chief human resources officer Aileen Tan said: “We
      315 words
    • Article
      Lock icon SGX MAINBOARD
      1865 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 141 +2 512 141 139.5 0.9 8 897.4 Div 169.8 101 ARA Asset Mgmt 138.5 +0.5 507 140
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    • Article
      Lock icon SGX CATALIST
      283 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day 5 1.7 t Acesian Partners 2.4 unch 35 2.4 2.4 3.3 9 GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 11.9 +0.3 ***** 12.4 11.7 33.3
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    • Article
      Lock icon SGX ETF
      118 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 941 700 CIMBASEAN40 US$ US849 +4 1 849 845 133.2 3738 2355 DBXT China50 US$ US2870 +17 13 2880 2848 7.9 High 355 190 DBXT MSBrazil US$ US334
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      672 6 Hewlett Packard Enterprise Reimagine the server as a busine: HPE ProLiant Gen9 rack and tower servers with flexible financing and on-demand capacity. A /.Ou ster. f X i Today’s business demands an agile IT that delivers innovation rapidly with bottom-line efficiency. 1 redefines data center economics with 4X more compute
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      Lock icon Page 6 Advertisements Column 2
      34 6 “One of our most thoughtful writers. I read all his columns with pleasure and benefit.” PROFESSOR TOMMY KOH Ambassador-at-Large at the Ministry of Foreign Affairs Now on sale at all major bookstores and www.stpressbooks.com.sg
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      Lock icon Page 7 Advertisements Column 1
      214 7 m:. ig cp m w m it 2 0 1 6 Future CHirv\ Global Forum 18 19 JULY SHANGRI-LA HOTEL, SINGAPORE SPECIAL GUEST, OPENING CEREMONY ON 18 JULY Mr Teo Chee Hean Deputy Prime Minister Coordinating Minister for National Security TRANSFORMATION OR STAGNATION: WHAT THE NEW ECONOMY HERALDS FOR CHINA
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      162 10 STRATEGIC PARTNER SOUGHT IN SINGAPORE M&T Growth Partners is a business advisory firm specialising in helping clients with their growth ambitions. We are based in Australia and have been using a unique business model in the market for 12 years. We are now expanding into South East Asia and are
      162 words
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      Lock icon Page 10 Advertisements Column 2
      124 10 The SME Magazine: Coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE YOUNG BLOOD: Young leaders are starting to shake up family businesses and change the way that they operate. MYANMAR BECKONS: There has been significant progress over the past five years but the regulatory
      124 words
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Brooklyn neighbourhood is where Airbnb is being put to the test
      835 12 NYT New York BEDFORD-STUYVESANT, a historically African-American neighbourhood in Brooklyn, has become one of the latest battlegrounds in the war between New York City and Airbnb. A study released last week showed that rents had risen fastest in the
      NYT; PHOTO: NYT  -  835 words
    • Article
      Lock icon StreetSine launches AI chatbot for property sector
      509 12  -  Sevi, the property agent’s virtual personal assistant, will crunch complex data within seconds By Renald Yeo yrenald@sph.com.sg Singapore AN artificial intelligence (AI) chatbot that acts as a property agent’s personal assistant has been launched for the Singapore property market by real estate software
      509 words
    • Article, Illustration
      Lock icon Realtors pitch Toronto, Vancouver to soak up capital flight from Brexit
      826 12 Pound’s record plunge likely to attract property buyers seeking bargains BLOOMBERG Vancouver REALTORS in Toronto and Vancouver are pitching Canadian cities as relatively safe property havens now that London, for years one of the world’s leading targets of foreign
      BLOOMBERG; PHOTO: BLOOMBERG  -  826 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      174 12 FOR SALE LEASE 20 Jurong Port Road, Singapore *****4 A part single/part 2-storey detached factory with mezzanine floor JTC Leasehold 26 years from 1 Feb 1999 Approx. 12,229.50 sqm 131,638.33 sqft Approx. 7,280.918 sqm 78,371.80 sqft Business 2 with Plot Ratio of 2.5 Address Description Lease Tenure Land Area Gross
      174 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      63 12 FOR SALE B2 Factory along Joo Koon Road 5 Storey single-user factory JTC Leasehold balance approx. 23 years Land Area 14,393 sqm Built Area approx. 9,398 sqm Open yard approx. 3,700 sqm Easy access to Joo Koon MRT Station Suitable for Chemical engineering, Metal works, Precision engineering. Expression of Interest
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      111 12 1'A STOREY COMMERCIAL SHOPHOUSE ALONG PRINSEP ST/ SELEGIE RD Located opposite SOTA and POMO Land Area: Approx. 2,696 sq ft Total Floor Area: Approx 4,384 sq ft Within “Cheang Jim Chwan Place” Conservation Area Near Dhoby Ghaut, Bras Basah future Bencoolen MRT stations No ABSD, foreigners are eligible to buy
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  • BANKING & FINANCE
    • Article
      Lock icon Brexit weakens EU’s non-euro members
      604 13 Their preference to stay outside the direct jurisdiction of the ECB is made more difficult now that they’ve lost a heavyweight BLOOMBERG Copenhagen BRITAIN’S decision to leave the European Union will weaken the ability of the remaining non-euro members to shape financial regulation, according to
      BLOOMBERG  -  604 words
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      Lock icon Berenberg gets US$500m private equity boost for ship loans
      736 13 BLOOMBERG Hamburg GERMANY’S oldest bank has reeled in about US$500 million in private equity funding to invest in ship loans as the asset class abandoned by many of its peers regains some lustre. Joh Berenberg Gossler Co KG, based in Hamburg,
      BLOOMBERG  -  736 words
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      Lock icon Cryan, Thiam score failing grades one year into their jobs
      677 13 BLOOMBERG Zurich JOHN Cryan and Tidjane Thiam received failing grades a year into their jobs in an informal survey of investors and analysts that reflected doubts about their ability to turn around two of Europe’s biggest banks. Mr Cryan, the
      BLOOMBERG  -  677 words
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      1845 13 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices KEONG HONG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****7303W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of the shareholders (the “Shareholders”) of Keong Hong Holdings Limited (the
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  • TECHNOLOGY
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      2099 14 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices LIONGOLD CORP LTD (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of LIONGOLD CORP LTD (“Company”) will be held at Level 3, Meeting Room 311, Suntec Singapore Convention
      2,099 words
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      780 15 A special feature brought to you by A survey conducted by government feedback unit, REACH earlier this year found that Singaporeans are most worried about job security in a slowing economy. STJOBS LEARNING And for good reason. Last year saw the fifth straight year of rising redundancies in Singapore, with
      780 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Japan’s N-reactor move sparks safety warnings
      694 16 Opinion polls show over 50% of the population remain opposed to nuclear power following Fukushima disaster REUTERS Tokyo JAPAN’S re-embrace of nuclear power, on display last week with the recertification of two ageing reactors, is prompting some critics to warn that Tokyo is neglecting
      REUTERS  -  694 words
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      Lock icon India-based jewellery company makes S$12m investment in S’pore
      443 16  -  By J Lossini jlossini@sph.com.sg Singapore ONE of India’s largest jewellery retailers, GRT Jewellers (GRT) has made a grand entrance into the Singapore market with an investment of almost S$ 12 million, according to GRT’s CEO, R Vijaya Raghavan. He was speaking at
      443 words
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      Lock icon Rio Tinto’s new boss rules out spinoff, sale of unloved assets
      482 16 REUTERS Sydney RIO Tinto will keep a newly formed division that includes troublesome coal and uranium assets, its newly appointed chief executive said, brushing off expectations that it would consider a spinoff and eventual sale. BHP Billiton last year
      REUTERS; PHOTO: REUTERS  -  482 words
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  • CONSUMER
    • Article
      Lock icon Dhaka attack casts shadow over garment industry
      594 18 Industry players fear foreigners would be turned away from this trade-dependent, poverty-stricken nation AFP New Delhi THE horrific slaughter of diners at a Dhaka cafe has fanned fears that surging Islamist violence may imperil the giant garment industry in Bangladesh, which has built
      AFP  -  594 words
    • Article
      Lock icon Amazon is quietly eliminating list prices
      565 18 NYT San Francisco IN A major shift for online commerce, Amazon is quietly changing how it entices people to buy. The retailer built a reputation and hit US$100 billion in annual revenue by offering deals. The first thing a potential customer saw was a
      NYT  -  565 words
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      380 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Phillip Ventures Enterprise Fund 3 Ltd. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****3309R) At the Extraordinary General Meeting of Phillip Ventures Enterprise Fund 3 Ltd. (the “Fund”) duly convened and held at 250 North Bridge
      380 words
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      3786 19 (Company Registration No. *****4372N) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of mm2 Asia Ltd. (the “Company”) will be held at MasterCard Theatres at Marina Bay Sands, B1/F The Shoppes at Marina Bay Sands, 10 Bayfront Avenue, Singapore *****6
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  • TRANSPORT
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      Lock icon Nissan CEO stirs fear in Mitsubishi factory town
      1423 20 Employees are rattled, suppliers uncertain about future after Carlos Ghosn announces his firm will acquire 34% of scandal-tainted carmaker BLOOMBERG Tokyo INVESTORS cheered when Nissan Motor Co chief executive Carlos Ghosn announced in May that his company would acquire a 34 per
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,423 words
    • Article
      Lock icon Transport problems risk snarling Rio’s Olympic dream
      711 20 AFP Rio de Janeiro RIO might be one month from hosting the Olympics, but for residents like Elizabeth Ferreira, who faces a daily nightmare on public transport, the road to a successful Games looks far from clear. In the final run-up to the
      AFP  -  711 words
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      563 21 NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 REDLUCK INTERNATIONAL LIMITED (Company Number: *****01) (the “Company”) (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is
      563 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Era of high food prices probably over but risks remain: report
      637 22  -  OECD and FAO also see 1.5% yearly rise in crop production globally and 20% jump in agricultural output in S-E and East Asia over next decade By Anthony Rowley btworld@sph.com.sg Tokyo THE “recent period of high agricultural commodity prices
      PHOTO: AFP  -  637 words
    • Article
      Lock icon When US cities spurn growth, national equality suffers
      850 22 NYT Boulder, Colorado THE small city of Boulder, home to the University of Colorado’s flagship campus, has a booming local economy and a pleasantly compact downtown with mountain views. Not surprisingly, a lot of people want to move here. Something else is
      NYT  -  850 words
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      Lock icon Conservative leadership gets off the ground as UKIP leader resigns
      659 23  -  It’s becoming increasingly possible two women Theresa May and Andrea Leadsom will be battling to become Britain’s next prime minister By Neil Behrmann btworld@sph.com.sg London A MUCH steadier sterling and the UK stock market ignored the resignation of UK Independence
      PHOTO: REUTERS  -  659 words
    • Article
      Lock icon Ignore court ruling and we can talk, China offers Philippines
      442 23 REUTERS Shanghai CHINA is ready to start negotiations with the Philippines on South China Sea-related issues if Manila ignores an arbitration ruling expected next week on their long-running territorial dispute, the official China Daily reported on Monday. The Philippines brought
      REUTERS  -  442 words
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      Lock icon China criticises Japan over ‘dangerous’ jet scramble
      327 23 REUTERS Beijing CHINA strongly criticised Japan over a scramble of military aircraft from the two countries on Monday amid a dispute over islands in the East China Sea. Two Japanese fighter jets took “provocative actions” at a high speed near a pair of
      REUTERS; PHOTO: REUTERS  -  327 words
    • Article
      Lock icon Recent hand grenade attack in Selangor linked to IS: M’sian police
      240 23 AFP Kuala Lumpur MALAYSIAN police said on Monday that a recent hand grenade attack on a restaurant was linked to the Islamic State group, after initially saying that the incident was not terror-related. “There were elements of IS involvement
      AFP  -  240 words
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      131 22 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 Ron Totton Division A Champion, 2015 SINGAPORE QUALIFIERS presented by GOODIE BAG WORTH OVER $750 Get a Ice Chrono Electrik Watch worth $300, Golfing Vouchers from The
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  • OPINION
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      Lock icon Turnbull in for hard time even if he gets to form next Aussie government
      648 24 COMMENTARY WHATEVER happens next on the Australian political landscape after the cliffhanger election, it is clear that Prime Minister Malcolm Turnbull is going to be in for a hard time. Australia’s preferential voting system means that
      648 words
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      Lock icon America’s politics is broken
      840 24  -  THE BOTTOM LINE By Robert J Samuelson Washington On this July Fourth, Americans are deeply disillusioned with politics and government. A Pew poll late last year found that only 19 per cent of people trust the government all or most of the time. It was not
      840 words
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      Lock icon Tackling unproductive productivity solutions
      721 24  -  Firms need to avoid piece-meal approach and instead have a holistic view of the whole workflow process, or a clear understanding of where true bottlenecks lie. BY LINDA LOH BY LINDA LOH T The writer is head of Ipsos Business Consulting (Singapore). OVER the past few
      PHOTO: WDA  -  721 words
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      Lock icon Starting early on meeting new sustainability reporting standards
      716 25  -  COMMENTARY By Ian Hong T The writer is partner, sustainability and advisory assurance, KPMG in Singapore. The views expressed here are his own. UNDER fresh requirements announced recently by the Singapore Exchange (SGX), all listed companies will need to disclose their sustainability
      716 words
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      Lock icon Carney’s questionable commitment to rate cuts
      419 25  -  COMMENTARY By Desmond Lachman T The writer is a resident fellow at the American Enterprise Institute and 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. WHEN the theatre
      419 words
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      Lock icon Accounting fraud: making it less likely by raising the chances of detection
      1050 25  -  Ensemble learning model promises 10-fold improvement in predicting potential cases. BY KE BIN T The writer is professor of accounting and Provost’s Chair, National University of Singapore (NUS) Business School. This research was undertaken with Bao Yang of
      PHOTO: FREEIMAGES  -  1,050 words
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      956 26 THE BUSINESS TIMES rrm 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
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      Lock icon Neo-Soviet street style is all the rage
      652 27 Vetements, the most talked-about brand, throws the book of haute couture rules out of the window AFP Paris REBEL brand Vetements sent fashion into a spin Sunday with an haute couture show that broke all the rules, appropriating clothes and shoes from 17
      AFP; PHOTOS: AFP, REUTERS  -  652 words
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      Lock icon July 4 food mail orders a big business in US
      761 27 NYT New York EVERY Fourth of July, Steve Clark, a lobbyist from Ohio, sends the same gift to his clients: a pack of ribs, barbecue sauce and a carton of ice cream from his home state. This year, he ordered
      NYT  -  761 words
    • Article
      Lock icon ‘Noisiest park in the world’ pipes down
      319 27 NYT Chengdu AS THE Happy Runxin and Glad Tidings performing troupes squared off in the Chengdu People’s Park on a recent morning, the newly installed noise monitors flashed to life, their digits registering each potential transgression by the park’s famously boisterous amateur dancers
      NYT  -  319 words
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      18 27 4 r y 0 0 Ml** 7.55PM bit.ly/zbkeywords ffflm m If zaobao.sg WATCH ZBKEYWORDS ON STARHUB CHANNEL 825
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      87 27 Experience our look on SHAREINVESTOR.COM Get equipped. Get updated. Get focused. Educational Series Stocks Highlights Getting started? Learn how to maximize the usage of our platform and build a profitable portfolio. Aggregating stocks information with the most significant buying/selling transactions. Top News Newsletter Featured Videos Enjoy handpicked webcast of speakers
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      90 27 1 i t KEYNOTE SPEAKER Kishore Mahbubani Dean and Professor in the Practice of Public Policy, Lee Kuan Yew School of Public Policy, National University of Singapore SPEAKER Eric Kong Fund Manager, Executive Director, Aggregate Asset Management SPEAKER Teh Hooi Ling Head of Research, Executive Director, Aggregate Asset Management PANELIST
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  • Page 27 Miscellaneous
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      290 27 CRYPTIC CROSSWORD Across 5 Secrets spilled about power and emblems of authority (8) 8 Ailing popular company (6) 10 Reportedly rough passage (6) 11 Charming volunteers repaired flutes (8) 12 Male in desperation shakily took off (12) 15 Cheek given about maiden over being tired (4) 17 Female wearing article,
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  • SME
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      Lock icon Diversifying to stay ahead
      1475 28  -  CEO and executive director of Top Global Limited, Jennifer Chang, keeps the lifestyle property group on a course for success. BY AQIL LUQMAN NURHAKIM nluqman@sph.com.sg IN 2010, the then 30-year-old Top Global Limited (TGL) found itself at a crossroads. From covering property development, facility management, childcare,
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      Lock icon Essentials of NextGen leadership in times of great flux
      1223 28  -  By Sattar Bawany The writer is the CEO of the Centre for Executive Education (CEE). He is also concurrently the regional managing director C-Suite master executive coach of Executive Development Associates (EDA) in Asia Pacific “It is evident that conventional leadership
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