The Business Times, 8 July 2016

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Total Pages: 35
1 36 The Business Times
  • 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 Friday, July 8, 2016
    22 words
  • Article, Illustration
    218 1 Kicking off on Sunday are the integrated events of Singapore International water week, world Cities Summit and CleanEnviro Summit Singapore. TOP STORIES 4 Temasek Holdings expects slower growth and increased volatility in the year ahead, and continues to be cautiously confident about growth in the United States and
    218 words
  • 25 1 Thursday Change STI 2,862.17 -2.50 KL COMP CLOSED NIKKEI 225 15,276.24 -102.75 HANG SENG 20,706.92 +211.63 SHENZHEN B 1,114.69 +1.10 DOW(11.45AM EDT) 17,906.09 -12.53
    25 words
  • 921 1  - Temasek returns -9% in FY2016 its worst showing since 2009 Singapore investment firm shifts portfolio towards tech as its China and financial services holdings weaken By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore TEMASEK continues to increase investments in technology-leveraged companies, as weakness in its listed investments, particularly its more traditional holdings
    Source: Temasek Review 2016  -  921 words
  • 866 1 BLOOMBERG Sydney S&P Global Ratings has cut the outlook on Australia’s AAA credit rating to negative from stable as it warned that the prospect of fiscal-policy gridlock could thwart government attempts to rein in a budget deficit. The agency acted following Saturday’s
    BLOOMBERG; PHOTO: AFP  -  866 words
  • Page 1 Advertisements

  • TOP STORIES
    • 212 2  -  A bank spokeswoman says all bank employees and customers are safe By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore STANDARD Chartered’s Holland Village branch was robbed late Thursday morning. “All bank employees and customers are safe. The bank immediately filed a police report and is
      PHOTO: THE NEW PAPER  -  212 words
    • 606 2 REUTERS Washington FEDERAL Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain’s vote on EU membership, according to the minutes of the Fed’s June policy meeting released on Wednesday.
      REUTERS  -  606 words
    • 710 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE good news is that levels of employment in the 35 member countries of the Organisation for Economic Co-operation and Development (OECD) will finally return next year to where they were 10 years earlier, before the
      PHOTO: REUTERS  -  710 words
    • 817 2  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore SINGAPORE’S aspiration to be the seat of choice for international arbitration has received a firm boost, with recent revisions to its international arbitration rules. The changes, unveiled by the Singapore International Arbitration Centre (SIAC) and
      817 words
    • 1171 4  -  Suggestions continue to flow on how to make the 3-in-1 event even better; 20,000 participants expected WORLD CITIES SUMMIT SINGAPORE INTERNATIONAL WATER WEEK By Lee Meixian leemx@sph.com.sg @LeeMeixianBT and By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore AS preparations for a massive event integrating urban planning,
      Source: WCS, SIWW, CESS  -  1,171 words
    • 480 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SCIENTISTS at Nanyang Technological University (NTU) have invented a new type of nano-filter that could reduce the energy needed to treat waste water by up to 80 per cent. This is done using
      480 words
    • 358 4  -  By Samuel Ee samuelee@sph.com.sg Singapore CERTIFICATE of entitlement (COE) premiums softened across the board on Thursday as bookings for new vehicles dried up, some dealers said. Category A, for cars below 1,600cc, slumped S$2,899 to S$52,301; Cat B, for cars above 1,600cc, slipped S$921
      358 words
    • 636 5  -  US recovery to continue, albeit at a modest pace; it’s upbeat about ongoing reforms in Singapore By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore TEMASEK Holdings expects slower growth and increased volatility in the year ahead, and continues to be cautiously confident about growth
      PHOTO: REUTERS  -  636 words

  • Page 3 Advertisements
    • 247 3 Performance Motors Limited pml-bmw.com.sg A CAR SO INNOVATIVE IT EVEN PARKS ITSELF. THE ALL-NEW BMW 7 SERIES. NOW WITH REMOTE CONTROL PARKING+. The all-new BMW 7 Series brings you technology like you have never seen it. Setting the benchmark in driving luxury, it offers you leading-edge innovations like the Remote
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  • Page 4 Advertisements
    • 106 4 ib a ft f m College of Business CITY UNIVERSITY OF HONG KONG £_EF|vD EQUIS h 4 DBA An Executive Doctorate Programme Offered by One of the Best Business Schools in Asia (No. 2) and in the World (No. 33) (UTD Rankings) Here are just a few highlights of our
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  • COMPANIES & MARKETS
    • 1052 6  -  HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT THE recent large Singapore office sales Asia Square Tower 1 for S$3.38 billion and Straits Trading Building for S$560 million have sparked much-needed buzz in the property investment sales circuit. More than
      FILE PHOTO  -  1,052 words
    • 409 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE-LISTED Food Empire has lost to global fast-food chain McDonald’s in the use of “Mc” or “Mac” in trademark names for its foodstuff and beverages in the European Union. The firm said on
      409 words
    • 340 6  -  Singtel, StarHub and M1 maintain an average dividend yield of 5% By Gladys Yeo gladyeo@sph.com.sg Singapore SINGAPORE’S three largest listed telcos Singapore Telecommunications (Singtel), StarHub and M1 averaged a total return of 7.3 per cent for the first half of the year, bringing
      340 words
    • 299 6  -  It includes new features for investors to take charge of their portfolio By Tan Effie taneffie@sph.com.sg Singapore SHAREINVESTOR (SI) has launched an upgraded version of ShareInvestor Mobile, its mobile application aimed at helping retail investors to make timely investment decisions. The application also help
      299 words
    • 493 7  -  Its malls continue to show resilience with 100% occupancy, positive rental reversion By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SPH Reit, which owns Paragon and The Clementi Mall, reported a 0.7 per cent rise in distribution per unit for the third quarter ended
      493 words
    • 329 7  -  By tanmindy@sph.com.sg Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore Singapore KEPPEL Offshore Marine’s (Keppel O&M) wholly owned subsidiary Keppel Shipyard has secured four contracts worth S$120 million from repeat customers, said Keppel Corporation on Thursday. The first contract is from BW Catcher Ltd, a wholly owned
      329 words
    • Article, Illustration
      63 8 STI Catalist Straits Times index July 7,2016 2,862.17 -2.50 (-0.09%) Current streak 2 days Day high 2,867.23 Day low 2,854.21 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 7,2016 461.90 +8.34 (+1.84%) Current streak 6 days Day high 461.90 Day low
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    • 673 8  -  Local market’s resilience this week, despite turmoil in European stocks and currencies, is attributed to its “defensive” quality STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT “OTHER than Noble’s rights and shares, the rest of the market is still on holiday,” said a dealer. This is
      Source: Bloomberg  -  673 words
    • 306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 249 +2 250/247 253 209 6.2 6566.9 CapitaCom Trust 154 +1.5 155/152.5 155 122.5 5.6 4552.8 CapitaLand 299 unch 301/297 350 267 12 3 ***** CapitaMall Trust 217 unch 220/215 225 184.5
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    • 36 8 VOLUME Noble R 613,589,700 Noble 159,949,900 Anchor Resources 69,528,100 CNMC Goldmine 47,634,800 Singtel 35,942,000 Market volume 2,070,482,000 VALUE Singtel 150,328,186 DBS Grp 93,134,730 UOB 77,889,370 HongkongLand USD 50,498,148 Noble R 49,474,614 Market value 1,216,132,000
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    • 102 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 480 291/289 343/254 290/291 IS MS INDIA US$ US697 110 700/691 780/575 697/700 87.1 DBXT MSBrazil US$ US323 -5 41 323/322 355/190 322/324 DBXT MSRussia US$ US196 40 196/196 206/129 197/198 GLD US$
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    • 77 8 Jul 7 VALUE CLOSE BT OB/OS 79.00 +16.00 BT CADI -*****.00 -12.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 684.95 +0.51 FTSE ST Small Cap 390.79 +0.52 FTSE ST All Share 698.08 -0.77 FTSE ST China Top 159.86 -0.72 FTSE ST China 188.66 -1.33 FTSE
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    • 35 8 STI FTSE ST All-Share FTSE ST All-Share Index July 7,2016 698.08 -0.77 (-0.11%) Current streak 2 days Day high 699.56 Day low 696.76 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index July 6,2016 1,573.30 -25.87 (-1.62%) Current streak 3 days Day high 1,592.29 Day low 1,566.09 52-week high 1,894.42 (July 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 1 0 4 11 3 Manufacturing 42 37 16 11 8 13 53 45 29 Commerce 14 18 16 5 3 1 19 21 17 Tpt/Stor/Comms 12 10 12
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,236 313 13,549 41,681 62 41,743 Manufacturing 82,546 34,396 116,942 111,550 899 112,449 Commerce 792,268 27,573 819,841 125,176 968 126,144 Tpt/Stor/Comms 119,351 7,065 126,416 250,397 663 251,060 Finance 38,173 134 38,307 229,966 17 229,983 Construction
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    • 83 8 VOL CLOSE($) CHANGE SHI ADR US$ 0.11 47.050 +12.210 +35.05 Logistics 5.0 0.225 -0.065 -22.41 Pan Hong 141.0 0.167 -0.017 -9.24 CPH 600.4 0.007 -0.002 -22.22 CNMC Goldmine 47,634.8 0.610 +0.085 +16.19 Anchor Resources 69,528.1 0.140 +0.020 +16.67 China Taisan 153.0 0.085 +0.005 +6.25 King Wan 885.2 0.180
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    • 77 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 268.2 1.6 *****/***** DBXT ASX200 US$ 3362 156.3 3.6 3559/2900 DBS Bk 4.7% NCPS ***** 20.0 0.2 *****/***** Hyflux 6% CPS ***** 20.0 0.2 *****/***** DBXT Vietnam US$ 2442 12.1 0.4 2786/2017 BY PERCENTAGE CLOSE UP 52w high/low Ntegrator W*****3
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    • 74 8 BY CENTS CLOSE DOWN 52w high/low DBXT E50 US$ 4130 -175.2 -3.1 5242/3918 DBXT MSEurope US$ 5046 -99.7 -1.4 6064/4770 Prudential USD 1690 -80.9 -3.4 2500/1680 Lyxor ChinaH US$ 1233 -49.9 -2.9 1691/999 JSH USD 2933 -44.5 -1.1 3300/2524 BY PERCENTAGE CLOSE DOWN 52w high/low Cacola 0.5 -37.5 -0.3
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    • BROKERS’ TAKE
      • 201 8 City Developments Outperform July 7 close: S$8.04 Target price: S$11.70 Credit Suisse, July 7 CITY Developments Ltd (CDL) has acquired Wing Tai’s shareholding interest in Summervale Properties, the owner and developer of Nouvel 18, a prime residential development in Singapore, for S$411 million, bringing its stake in the project to
        201 words
      • 147 8 Viva Industrial Trust Buy July 7 close: S$0.72 Target price: S$0.75 OCBC Investment Research, July 7 Viva industrial Trust (VIT) is a Singapore-focused Reit (real estate investment trust) which primarily invests in business parks and industrial real estate assets. The combined market valuation of VIT’s portfolio is S$1.2 billion, including
        147 words
      • 188 8  - Singapore Post Hold Compiled by Claire Huang July 7 close: S$1.545 Target price: S$1.49 CIMB Research, July 6 SINGAPORE Post is in the process of searching for a new chief executive. We think impairment of goodwill for TradeGlobal (TG) could be on the cards, given aggressive growth assumptions, although Jagged
        188 words
    • 8 8 DATA I July 8 US Unemployment Rate
      8 words
    • 459 9 CURRENCIES REUTERS London STERLING clawed its way back above US$ 1.30 on Thursday as investors, buoyed by a modest revival in risk appetite, booked profits on bets made against it, though the outlook for the currency remained grim after Britain’s shock vote
      REUTERS  -  459 words
    • FOREX RATES
      • Article, Illustration
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      • 470 9 Jul7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.973 5.025 0.679 5.832 50.685 98.686 0.760 8.680 3.026 1.042 78.731 35.362 1.013 10.999 0.735 24.273 26.454 0.579 0.752 Canada 1.028 5.165 0.698
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      • Article, Illustration
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      • 155 9 Jul 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0131 1.0137 0.7517 0.7518 Canadian dollar 1.0413 1.0420 0.7727 0.7727 Euro 1.4915 1.4927 1.1067 1.1070 NZ dollar 0.9718 0.9729 0.7211 0.7215 Sterling pound 1.7486 1.7501 1.2975 1.2979
        155 words
      • 21 9 Jul7 S$ Bid Offer 1-month 1.3478 1.3488 2-months 1.3480 1.3490 3-months 1.3484 1.3493 6-months 1.3490 1.3502 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 212 9 Jul 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8 -0.5 4730 0.1 1620 3 OCBC Bk MBeCW*****4 7.6 0.1 3189 0.1 820 3 UOB MB eCW*****1 7.5 -0.8 2415 0.1 1850 3
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jul 6 Index Change Change Change Change Change Change World Preliminary 1241.8 -0.5 -2.8 -0.5 -6.3 -0.6 -1.7 EAFE Preliminary 906.0 -1.4 -10.6 -1.4 -12.6 -1.6 -8.3 Europe Preliminary 1299.8 -1.4 -8.0
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      • 390 9 Jul 7 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9365.00 9402.50 9322.50 9367.50 ***** *****3 Aug16 9330.00 9372.50 9300.00 9362.50 1780 5073 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec16 *****.00 *****.00 *****.00 *****.00 304 5948 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Jul 7 $S Offer Bid 0vernight 0.05 0.01 1-month 0.6875 0.5625 2-months 0.8750 0.7500 3-months 0.9375 0.8125 Overnight mode: 0.11 US$ 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
        154 words
      • 67 9 Jul 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.26 99.40 99.28 5-Year NX*****X 2.250 01-Jun-21 104.23 104.40 104.25 10-Year NX*****F 2.125 01-Jun-26 103.64 104.00 103.70 15-Year NZ*****F 2.875 01-Sep-30 110.7 111.15 110.95 20-Year NZ*****V 3.375 01-Sep-33 118.67
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    • AGRI METALS ENERGY
      • 250 9 Jul-6 Price Net change change Last Trade Agricultural Jul-6 CBOT Soybeans (US cents/bu) 1106.25 -10.75 -0.96% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.25 -0.57 -1.85% 14/07/2016 CBOT Wheat (US cents/bu) 415.75 -3.75 -0.89% 14/07/2016 Jul-6 LIFFE Cocoa (£/tonne) 2525.00 40.00 1.61% 14/07/2016 LIFFE Coffee (US$/tonne) 1748.00 -10.00 -0.57%
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    • 497 10  -  Firm requested trading halt on July 4, two days before its second bond deadline in 2016 By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SWIBER Holdings was expected to call before Thursday this week the S$75 million of 7 per cent, four-year bonds that
      497 words
    • 269 10  -  Offer at S$0.38 per share is triggered after they bought 7.93m shares on Thursday By Choo Yun Ting yuntingc@sph.com.sg Singapore MEMBERS of the family that controls construction company Lum Chang Holdings have launched a takeover offer for Ellipsiz, a semiconductor
      269 words
    • 511 10  -  HOT STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE “golden” trio on Singapore’s Catalist CNMC Goldmine Holdings, Anchor Resources and Wilton Resources Corp have been given a fresh impetus of late thanks to a gold rally as investors zoom in on safe-haven assets
      Source: Bloomberg  -  511 words
    • 268 10  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore COMMODITY trader Noble Group’s nil-paid rights and its shares continued to be in active play on Thursday, with the rights experiencing wild price swings. Noble’s shares slumped 10 per cent, or 2.1 cents, to close at
      268 words
    • 1809 11 Transaction date: Jul 7 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Sale vol 837 464 Keppel Corp 558 +3 2353 558 549 2.5 6.1 6.6 *****.5 118 95.5 Keppel DC Reit 116.5 +1 2993 116.5 115
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    • 302 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 14 +2 ***** 14.2 12.2 39.2 Sale (000) High Low C'vr P/E 8.8 61 16.7 t CNMC
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    • 113 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 941 700 CIMBASEAN40 US$ US855 +6 27 855 855 134.1 3500 2355 DBXT China50 US$ US2807 -26 2 2807 2806 7.7 High 355 190 DBXT MSBrazil US$ US323
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  • Page 6 Advertisements
    • 1507 6 mapleLree commercial MAPLETREE COMMERCIAL TRUST (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 25 August 2005 (as amended)) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the holders of units of Mapletree Commercial Trust (“MCT", and the holders of
      1,507 words

  • Page 7 Advertisements
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  • Page 10 Advertisements
    • 2879 10 RELIGARE Values that bind HEALTH TRUST RELIGARE HEALTH TRUST (Registration No. *****06) NOTICE OF ANNUAL GENERAL MEETING OF UNITHOLDERS (A business trust constituted on 29 July 2011 under the laws of the Republic of Singapore and registered under the Business Trusts Act, Chapter 31A of Singapore) Managed by Religare Health
      2,879 words

  • Page 11 Advertisements
    • 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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  • BANKING & FINANCE
  • Page 12 Advertisements
    • 2372 12 NOTICES TOLL FREE 1800 289 8822 I E ma il no t i ces s p h com s g I www s p h c l ass com s g no t i ces □D/££u^ POWERMATIC DATA SYSTEMS LIMITED (Company Registration Number: *****0414E) (Incorporated in Singapore with limited liability)
      2,372 words
    • 651 12 IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ASIA ENERGY DEVELOPMENT PARTNERS PTE. LTD. (“In Creditors’ Voluntary Liquidation”) (Co. Reg. No: *****8509E) (“Company”) Extract of the Minutes at the Extraordinary General Meeting (EGM) of the members of the Company, duly convened
      651 words
    • 502 12 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up Originating Summon No. 235 of 2015 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND CHINA SINOSTEEL (SINGAPORE) PTE. LTD. (In Liquidation) (the"Company") (Company Registration No: *****7710D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that
      502 words

  • ENERGY & COMMODITIES
    • 816 13 Market participants say it is not just cyclical phenomenon but also a product of more permanent structural changes REUTERS Tokyo AFTER half a year of strong oil price rises, Asian crude demand is slowing and by some measures falling, and many
      REUTERS  -  816 words
    • 418 13 REUTERS New York AFTER a four-year bear market, sugar has found its sweet spot. Its steepest bull run in years has seen prices of US raw sugar, the global price benchmark, more than double in less than a year,
      REUTERS; PHOTO: REUTERS  -  418 words
    • 275 13 BLOOMBERG Hong Kong CHINA’S Silk Road Fund, a US$40 billion pool set up to invest along the nation’s ancient trade routes with Central Asia, is discussing a joint bid for Glencore plc’s gold mine in Kazakhstan, people with knowledge of
      BLOOMBERG  -  275 words
  • Page 13 Advertisements
    • 164 13 Celebrating our 10th anniversary, INVEST Fair 2016 brings together renowned world-class speakers and experts in the region to share the latest development and outlook in the financial industry. REGISTER ONLINE AND DOUBLE YOUR CHANCE IN OUR LUCKY DRAW! EVENT DETAILS www.investfair.com.sg +65 6517 8777 FREE Admission KEYNOTE SPEAKERS Suntec Hall
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  • TECHNOLOGY
    • 665 14 The smartphone model capitalises on a lull in new iPhones, boosts the firm’s profit margins and stokes demand for its components BLOOMBERG Seoul SAMSUNG Electronics Co posted bet-ter-than-anticipated profit as continued demand for its Galaxy S7 smartphones helps turn its mobile devices
      BLOOMBERG; PHOTO: REUTERS  -  665 words
    • 434 14 WP Washington EVER wish you could hang on to some of your snaps a little bit longer? Well, now Snapchat is introducing a new feature, Memories, that will let you do just that. Snapchat was originally touted as
      WP  -  434 words
    • 915 14 Solution to capacity issue will need the support of country’s mining collectives BLOOMBERG Hong Kong WU Jihan still remembers the exhilaration he felt after learning about bitcoin in 2011. A self-described computer geek fresh out of China’s top university, Mr Wu soaked up
      BLOOMBERG; PHOTO: REUTERS  -  915 words
  • Page 14 Advertisements
    • 414 14 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF SEATEXPTE. LTD. (In Members'Voluntary Liquidation) (Co.Reg. No.*****5623H) NOTICE OF RESOLUTION MEMBER'S RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 68 OF THE ARTICLES OF ASSOCIATION OF SEATEXPTE. LTD. IT
      414 words
    • 403 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRAID CAPITAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6471H NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed
      403 words
    • 425 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF METAL FIELDS RECOVERY PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****0977E) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 30
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  • CONSUMER
    • 482 16  -  Move is supported by a new loyalty card, ending an earlier card partnership between CapitaLand and DBS CREDIT CARDS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore AMERICAN Express (Amex) has wrestled a credit-card partnership with CapitaLand Mall Asia that would allow Amex to broaden
      482 words
    • 382 16  -  By Chin Yong Chang ycchin@sph.com.sg Singapore DBS Bank is launching the world’s first metal Visa payWave card as an update to its DBS Insignia Visa Infinite Card. It is the only metal card to have a Visa payWave function, said
      FILE PHOTO  -  382 words
    • 301 16 BLOOMBERG Bengaluru IN the next few weeks, the world’s cheapest smartphone will meet the world’s fastest-growing smartphone market. In theory, at least. A little-known Indian company called Ringing Bells Pvt is set to start shipping the Freedom 251. The prototype touts
      BLOOMBERG  -  301 words
  • Page 16 Advertisements
    • 288 16 THE STRAITS TIMES Subscribe to The Straits Times All-in-One package and stand to win a trip for two to anywhere in the world or a retreat at Resorts World Sentosa a* -iiM. OR ONE WINNER FOR THIS PRIZE a5uS £rs^ ■>? i ONE WINNER FOR EACH PRIZE Choose from 8
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  • Page 18 / 19 Advertisements
    • 271 18 / 19 (in S$ billion) 300 250 200 150 100 50 0 Temasek steps up investments in Asia Global Financial Crisis Dotcom Peak Asian Financial Crisis SARS Epidemic Listing of Singtel 01 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 95 943 96
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  • REAL ESTATE
    • 499 20  -  Analysts say discrepancy could be because SRX’s figures do not take in transactions done without property agents’ help that are captured by HDB By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HDB resale prices fell 0.6 per cent in June 2016, compared with in
      PHOTO: JAMIE KOH/THE STRAITS TIMES  -  499 words
    • 534 20  -  Consultants attribute lower subscription for Northwave to weaker transport links By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HAO Yuan Investment’s executive condominium (EC) project in Woodlands, Northwave, received 240 e-applica-tions for the 358 available units by the close of
      534 words
    • 467 20 NYT London THREE more asset managers suspended redemptions in their British property funds on Wednesday as concerns mounted about the potential impact that Britain’s decision to leave the European Union would have on the real estate market, particularly on the booming
      NYT  -  467 words
    • 424 21 They’re being sold with a Henderson industrial unit either collectively or piecemeal Singapore NINE units of Holland Road Shopping Centre and one unit of 211 Henderson, an industrial building, are up for sale, either collectively at a guide price
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    • 436 21 REUTERS Shacheng, China THE Chinese government’s call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity. Innovation centres have been popping
      REUTERS  -  436 words
  • Page 20 Advertisements
    • 332 20 FOR SALE: RETAIL UNITS AT HOLLAND ROAD SHOPPING CENTRE INDUSTRIAL UNIT AT 211 HENDERSON Contact: Investment Properties 6 Battery Road #32-01 Singapore *****9 Sammi Lim (CEA Reg No.: R*****9J) Tel: 9368 9803 9 Prime Retail Units At Holland Road Shopping Centre 2nd Floor Freehold. Sizes from approx. 237 sq ft
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    • 123 20 FREEHOLD FULL COMMERCIAL HEART OF CHINATOWN CBRE INVESTMENT PROPERTIES Yap Hui Yee (CEA Reg No.: R*****5Z) 9852 3687 Sammi Lim (CEA Reg No.: R*****9J) 9368 9803 FOR SALE: 21 TEMPLE STREET •I Agency License No.: L*****63I Site area: Approx. 114.6 sq m 1,234 sq ft Current Lettable Area: Approx. 3,400
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  • Page 21 Advertisements
    • 629 21 D10 HOUSE FOR SALE GARLICK VICINITY Good Class Bunglw. F’hold Land 27,829sf. Flat at road level. Bldg area approx 15,000sf. Main Annexe blocks. Garage, pool, landscaped gdn. Qu iet private. TKE 6251 7387 D15 HOUSE FOR SALE Djoni Ng 8198 9989 BROADRICK ROAD Bungalow Broadrick Rd. Freehold Land 11,500 sf.
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  • TRANSPORT
    • 468 22  -  Airline is preparing to launch services to Europe in the second quarter of 2017 By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore SCOOT will potentially be the low-cost carrier (LCC) with the world’s longest LCC route as it prepares to launch services
      Source: CAPA – Centre for Aviation  -  468 words
    • 405 22 BLOOMBERG New York US airline stocks moved closer to their biggest annual decline in five years after Credit Suisse Group AG said a critical financial gauge won’t turn positive until the end of next year and trimmed earnings estimates
      BLOOMBERG  -  405 words
    • 508 22 E-commerce firm in talks with carmakers to use its YunOS operating system Beijing BILLIONAIRE Jack Ma is taking the challenge to Apple Inc and Google by pushing Alibaba Group Holding Ltd into the car business, joining the global battle to control the
      PHOTO: AFP  -  508 words
    • 546 22 TSA fixes delays at US airports for now BLOOMBERG New York THE 2016 US Airport Summer From Hell tour has been postponed, though the band may reschedule for later this summer. After weeks in which airlines and airports issued dire warnings that the Transportation Security Administration (TSA) was likely to
      BLOOMBERG  -  546 words
  • Page 22 Advertisements

  • Page 23 Advertisements
    • 1983 23 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices UNITED GLOBAL LIMITED (Company Registration No.: *****4604M) (Incorporated in the Republic of Singapore on 15 September 2015) Issue Manager and Sponsor SAC ADVISORS PRIVATE LIMITED (formerly known as Canaccord Genuity Singapore Pte. Ltd.) (Company Registration No.: *****3620D) (Incorporated in the Republic
      1,983 words
    • 2710 23 BAN LEONG TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) (Registration No: *****3898C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ban Leong Technologies Limited (the “Company”) will be held at 150 Ubi Avenue 4, #04-01 Singapore *****5 on Monday, 25 July 2016
      2,710 words

  • GOVERNMENT & ECONOMY
    • 1000 24 A much needed bailout may be illegal under relatively new European rules that aim to protect taxpayers NYT Rome EVEN as Europe grapples with repercussions of Britain’s vote to leave the European Union, a dispute over tens of billions of
      NYT; PHOTO: REUTERS  -  1,000 words
    • 419 26 BLOOMBERG Warsaw EUROPEAN Central Bank president Mario Draghi warned of potential legal steps after Slovenian police raided the country’s central bank in connection with a probe into a 2013 bank bailout. Wednesday’s search of the bank’s premises
      BLOOMBERG  -  419 words
    • 1089 26 Risks from Clinton’s practice of keeping communications on private server may be bigger issue compared to the small amount of classified info found on her system NYT New York WHEN FBI director James Comey said on Tuesday that his investigators had no
      NYT; PHOTO: AFP  -  1,089 words
    • 483 26 BLOOMBERG Los Angeles BILLIONAIRE bond investor Bill Gross has a message for Janet Yellen: Take a lesson from Monopoly. Mr Gross, in his latest outlook for Janus Capital Group Inc, likened the economy to the board game where players collect US$200 every time
      BLOOMBERG  -  483 words
  • Page 24 Advertisements
    • 2671 24 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices LERENO BC Investing for the Next generation ft il i ft FfL C LERENO BIO-CHEM LTD Company Registration No.: *****1961C (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of
      2,671 words
    • 884 24 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DCP HOLDINGS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****5009Z) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on 30 June
      884 words
    • 54 24 SINGAPORE Q UALIFIERS presented by TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SIGN UP NOW www.tnp.sg/WAGC SINGAPORE QUALIFIERS 20, 26 JULY 2016 SINGAPORE FINALS 2 AUGUST 2016 ENTRY FEE $480 GOODIE BAG WORTH OVER $750 VENUE TANAH MERAH
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  • Page 25 Advertisements
    • 1469 25 NOTICES IN THE MATTER OF MSD TUAS SINGAPORE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Company Registration No. *****5727H NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the member of the abovementioned Company will be held at One Raffles
      1,469 words
    • 3442 25 SINGAPORE MYANMAR INVESTCO LIMITED (formerly known as Singapore Windsor Holdings Limited) (Company Registration No. *****5764Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SINGAPORE MYANMAR INVESTCO LIMITED (the “Company”) will be held at Sky Garden Meeting Room,
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  • Page 27 Advertisements
    • 2261 27 M KSH HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Registration No. *****3337G NOTICE OF 10TH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 10th Annual General Meeting of KSH HOLDINGS LIMITED will be held at 60 Eu Tong Sen Street, Furama City Centre, Ballroom 1, Level 5, Singapore
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    • 0 27
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  • OPINION
    • 556 28 EDITORIAL ON the face of it, there isn’t a direct line tying the recent terrorist attacks around the world and the British vote to exit the European Union (EU), or Brexit. The terrorist acts in Tel-Aviv, Orlando, Istanbul, Dhaka and Baghdad were either coordinated
      556 words
    • 708 28  -  THE BOTTOM LINE By David Marsh T The writer is managing director of the Official Monetary and Financial institutions Forum OMFIF MARK Carney, governor of the Bank of England, notoriously remarked in January that the UK was unduly reliant on “the kindness of
      OMFIF  -  708 words
    • 1306 28  -  ISIS reverses course: Jihadists are leaving Syria, putting countries like Bangladesh under siege and driving wedges among politicians in the countryBY SAROJ KUMAR RATH countryBY SAROJ KUMAR RATH T The writer is assistant professor at the university of Delhi and an expert on
      YALEGLOBAL ONLINE; PHOTO: REUTERS  -  1,306 words
    • 959 29  -  COMMENTARY By Carne Ross T The writer is the executive director of Independent Diplomat, a non-profit diplomatic advisory group, and was the Iraq expert in Britain’s delegation to the United Nations from 1997 to 2002. NYT London WEDNESDAY
      NYT  -  959 words
    • 916 29  -  By Anthony Rowley THE world seemed almost to hold its breath before the “Brexit” vote in the United Kingdom in June and later to gasp at the outcome. But, by contrast, the global reaction to the Japanese Parliament’s upper
      916 words
    • 1287 29 T Mr Tai, a Singaporean architect and urban planner, is the immediate past president of Singapore Green Building Council THREE-and-a-half billion people half the world’s population reside in cities. Asia, home to almost twothirds of the world’s population on onethird
      PHOTO: REUTERS  -  1,287 words


  • Page 30 Advertisements
    • 1919 30 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) CIW PGU SIN PKL JKT SUR GENIUS STAR I 001 60 21/7 24/7 26/7 CALMY CORAL 103 60 26/7
      1,919 words
    • 244 30 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 188 PRW203 07/07/2016 08/07/2016 Perawang/Perawang DAILY Marco Polo 128 BST019 07/07/2016 08/07/2016 Buatan/Buatan DAILY Marco Polo
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  • BT Lifestyle
    • 679 31  -  More independent entrepreneurs in Singapore are turning to this avenue to get their businesses off the ground. BT Lifestyle profiles four local projects By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT IT started with a love for drawing, and the desire to create a sketchbook for artists like himself. But
      679 words
    • 505 31  -  By Tan Teck Heng thtan@sph.com.sg AT the tender age of 14, classmates Grey Tan and Chia Lih Wei were already budding inventors who presented an odourless dustbin in front of their entire school. “I always came up with stupid ideas and Lih Wei would indulge me,”
      505 words
    • 552 31  -  By Tan Teck Heng thtan@sph.com.sg ON a backpacking trip to Venice 10 years ago, Ian Gregory Tan and his friends sparred with wooden swords in a drunken haze along the waterways of the floating city. “I used that as a premise in my Dungeons Dragons campaign!”
      552 words
    • 495 31  -  By Sue-Ann Tan suetan@sph.com.sg JUGGLING between cameras and phones on holiday has always been a hassle. Either you’re forced to lug a hefty DSLR to get a good shot of the Grand Canyon, or settle for a half-baked result with your phone’s camera function. Oowa’s
      495 words
  • Page 31 Advertisements

  • ARTS/COVER STORY
    • 1161 32  -  George Town Festival’s Singapore collaborators and participants find their connection with Malaysia at large. BY CHEAH UI-HOON INTO its seventh year, the George Town Festival (GTF) continues to see substantial Singapore participation and support with artists who see it as a chance to expand their
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    • 974 32  -  By Cheah Ui-Hoon uihoon@sph.com.sg Talks THIS year’s festival will launch the Arts for Humanity Project and the two headline speakers will be Larry Harvey, co-founder of the iconic Burning Man Festival in the US, and prolific Cambodian director Rithy Panh. Every year, thousands of people make
      974 words
    • 510 32  -  By Sue-Ann Tan suetan@sph.com.sg WHEN Darrell Zhang wakes up each day, his air-con-ditioning turns itself off, the lights in the living room come on and his coffee machine starts preparing his morning beverage. All this happens without him needing to
      510 words

  • MUSIC/ARTS/CINEMA
    • 718 33  -  Ahead of his upcoming show, Engelbert Humperdinck reminisces about living next to The Beatles, discovering The Carpenters and Elvis Presley stealing his trademark sideburns. BY SUE-ANN TAN BY SUE-ANN TAN LIKE listening to his middle-of-the-road ballads, speaking to Engelbert Humperdinck is akin to
      718 words
    • 614 33  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT MAKING time for Hotel, the epic five-hour W!ld Rice production which premiered at the Singapore Arts Festival last year and has returned for a headlining encore season at this year's Singapore Theatre Festival, requires quite a bit of effort. On weekdays,
      PHOTO: ALBERT LIM KS, COURTESY OF W!LD RICE  -  614 words
    • 571 33  -  By Geoffrey Eu JOHN Le Carré, master storyteller and former MI6 spy, authors real-world thrillers about international espionage, political intrigue and murder investigations far removed from the fantasy realms inhabited by super-se-cret agents like James Bond, Ethan Hunt and Jason Bourne.
      571 words

  • WINE/CINEMA
    • 989 34  -  Good fruit ripeness, minimum or very ripe tannins, and good acidity are the three essential basics guiding the selection. BY NK YONG SELECTING wine for dinner to go with local food is always a challenge but it can also be an interesting and instructive experience.
      989 words
    • 540 34  -  By Geoffrey Eu HIGH drama, cruel deception, deviant behaviour and a denouement where everyone gets their just deserts awaits viewers of The Handmaiden, Korean director Park Chan-wook's newest and quite deliciously wicked film about how falling in love with the
      540 words
    • 602 34  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT HIGH on star power but still firing blanks, Hong Kong directors-writers Longman Leung and Sunny Luk return with more of the same in Cold War 2, the sequel to their surprise 2012 hit which smashed box office records that year
      602 words
  • Page 34 Miscellaneous
    • 339 34 CRYPTIC CROSSWORD Across 1 Hard up masochist may have been this (8,3,4) 9 Covering letter containing a bit of a shock (7) 10 Financial adviser on course lists theory, dismissing regulars (7) 11 Moderate at A level revising to get in institute initially (9) 12 Enthusiastic about one not excited
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  • CITY LIFE
    • 792 35  -  Films at the Fort presented by Casillero del Diablo is back this August with award-winning movies that have been carefully curated. BY AVANTI NIM avantin@sph.com.sg IF you hate watching movies in dark cold cinemas and would rather enjoy a balmy Singapore evening with
      792 words
    • CITY BUZZ BT writers' picks of what to see, do or talk about
      • 145 35  -  ART By Cheah Ui-Hoon ART Apart Fair puts art and furniture together in contemporary, vintage and industrial themes for its 8th edition. The fair takes up 6,000 sq ft of space at Isetan Wisma Atria Level 2. Fair director Rosalind Lim has curated art works
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      • 217 35  -  DINING By Tay Suan Chiang YOU never know what you’re going to eat when you sit down at Chef’s Table by Chef Stephan. There is no menu. Instead, you get a list of 28 ingredients which represent the season’s best produce. Let chef Stephan Zoisl
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      • 179 35  -  By Dylan Tan THEATRE Shaolin FORGET the Ip Man films, here's the real deal: Shaolin is a stage spectacular where 20 real-life monks perform jaw-dropping super-human feats before your eyes. All of them hail from the fabled temple in the foothills of the Song
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      • 156 35  -  DINING By Tay Suan Chiang TRUFFLE lovers are in for a treat this July at Stellar at 1-Altitude. Chef Christopher Millar is presenting an eight-course menu featuring truffles from the famed Manjimup truffle farm in Western Australia. “This is now the peak of the winter truffle season in
        156 words
      • 199 35  - Bedrock Bar Grill guest chef series DINING By Rachel Loi HAVE a taste of Texas this weekend with A Texas Meat Feast at the Bedrock Bar Grill, where the first round of its new guest chef series features chef Jay McCarthy, from the Cascabel Restaurant in San Antonio, Texas. His
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