The Business Times, 13 July 2016

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Microfilm: NL33909
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Wednesday, July 13, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    195 1 As expected, China strongly condemns the ruling on jurisdiction in the South China Sea, in favour of the Philippines, by the Permanent Court of Arbitration. TOP STORIES 2 More work remains on putting into practice current banking regulations globally, says Ravi Menon, managing director of the Monetary Authority
    195 words
  • Article, Illustration
    Lock icon Tribunal rejects Beijing’s South China Sea claims
    783 1 It says China has no historic rights to Sea’s resources; China rejects ruling as null and void; analysts say decision a ‘huge win’ for the Philippines AF P Beijing BEIJING’S claims to a vast swathe of the South China Sea are invalid, an
    AFP; PHOTO: REUTERS  -  783 words
  • Article
    Lock icon Property cooling measures to stay till at least 2017: analysts
    1061 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore THE property cooling measures are unlikely to be unwound this year, with interest rates expected to stay low for a longer time amid greater uncertainties after the “Brexit” vote. It would seem then, that
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  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,901.82 +25.68 KL COMP 1,653.97 +0.10 NIKKEI 225 16,095.65 +386.83 HANG SENG 21,224.74 +344.24 SHENZHEN B 1,124.05 +9.63 DOW(11.45am EDT) 18,350.61 +123.68
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      Lock icon Page 1 Advertisements Column 2
      9 1 MONEY MATTERS investing in a post-Brexit environment EXECUTIVE MONEY/29
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      Lock icon Page 1 Advertisements Column 3
      23 1 UPCOMING AGM SingPost: some answers, more questions OPINION/27 HOCK LOCK SIEW Don’t let S-chip baggage cloud judgement of Chinese Reits companies markets 8
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      6 1 MFA statement in full, Page 2
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  • TOP STORIES
    • Article
      Lock icon China rejects and condemns decision
      783 2  -  Response has been expected; analysts believe ruling will weaken China’s other regional claims and step up tensions RULING ON SOUTH CHINA SEA DISPUTE By Virginie Mangin btworld@sph.com.sg Beijing AS expected, China strongly condemned the ruling regarding jurisdiction in the South China Sea in favour of
      783 words
    • Article
      Lock icon Singapore Ministry of Foreign Affairs spokesman’s comments
      255 2 IN response to media queries on the ruling of the Arbitral Tribunal in the Philippines v China case under Annex VII to the 1982 United Nations Convention on the Law of the Sea (UNCLOS), the MFA spokesman said: Singapore has taken note of
      255 words
    • Article
      Lock icon Philippines welcomes ruling; Taiwan objects
      342 2 AFP REUTERS Manila THE Philippines welcomes a ruling by a United Nations-backed tribunal on Tuesday that declared that China has no “historic rights” in the South China Sea, Foreign Secretary Perfecto Yasay said, even as he urged restraint. “The Philippines welcomes the issuance today... on
      AFP; REUTERS  -  342 words
    • Article
      Lock icon More banking reform work ahead, says MAS chief
      722 4  -  Ravi Menon also warns that further tightening of regulations in areas such as trade finance could constrain lending and derail economic growth By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore MORE work remains on putting into practice current banking regulations globally, said managing director
      722 words
    • Article, Illustration
      Lock icon Tharman urges workers to continually upgrade skills
      492 4  -  By Chin Yong Chang ycchin@sph.com.sg Singapore IN the face of rapidly changing technology, workers need to continually upgrade their skills to remain relevant, said Deputy Prime Minister Tharman Shanmugaratnam. He was speaking about the economic and social context of programmes such as SkillsFuture
      PHOTO: LIANHE ZAOBAO  -  492 words
    • Article
      Lock icon IBM ties up with EDB, MAS for blockchain innovation centre
      559 4  -  B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IBM has set up a blockchain innovation centre in Singapore in a unique collaboration with the Singapore Economic Development Board (EDB) and the Monetary Authority of Singapore (MAS), with an early priority to
      559 words
    • Article
      Lock icon 10% fewer COEs available for next three months: LTA
      434 4  -  By Samuel Ee samuelee@sph.com.sg Singapore THERE will be one-10th fewer certificates of entitlement (COEs) from next month, as there have been fewer deregistrations caused by more revalidations, whittling down the supply of COEs. The Land Transport Authority announced on Tuesday that
      434 words
    • Article, Illustration
      Lock icon Forming cabinet among formidable tasks facing new UK PM
      781 4  -  By Neil Behrmann btworld@sph.com.sg London INCOMING British Prime Minister Theresa May faces formidable tasks and the first is to choose highly competent cabinet ministers to cope with the complexities of Brexit and a divided nation. The 14th UK prime minister under
      PHOTO: REUTERS  -  781 words
    • Article, Illustration
      Lock icon S’pore to build 5th desalination plant on Jurong Island
      680 6  -  There is now a need to come away from a weather-dependent water supply, says Minister Masagos WORLD CITIES SUMMIT AND WATER WEEK By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE will build its fifth desalination plant on Jurong Island under the island’s
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    • Article
      Lock icon Governments should get out of innovation’s way
      657 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore IT IS easier for citizens and private companies, rather than governments, to innovate, and speakers at the World Cities Summit closing plenary even suggested that governments should leave innovation alone and just focus on putting in place
      657 words
    • Article, Illustration
      Lock icon Guangzhou Knowledge City ‘making progress’
      782 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Chinese port city of Guangzhou has, for the last eight years, been morphing from hilly agricultural farmland into a smart, “green” city under a Sino-Singapore joint project. But it is still early days yet for the city, which
      PHOTO: YEN MENG JIIN  -  782 words
    • Article
      Lock icon Packaging waste requirements to apply across businesses
      613 6  -  By Renald Yeo yrenald@sph.com.sg Singapore PICTURE this: 3,000 Olympic-size swimming pools filled with domestic waste, a third of which is packaging waste. The National Environment Agency (NEA), its eye firmly on this mountain of domestic trash disposed of in Singapore last year 1.73
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    • IN BRIEF
      • Article
        Lock icon Microsoft
        136 6 Vivian Balakrishnan, Minister for Foreign Affairs and Minister-In-Charge of the Smart Nation Initiative, announced that the government will partner Microsoft to explore next-generation digital government services, with Microsoft’s Conversations as a platform. Specifically, the parties will explore conversational computing, such as the use of chatbots for selected public services.
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      • Article
        Lock icon Sembcorp Industries
        127 6 A water hub in China owned by a unit of Sembcorp Industries has secured two respected Chinese water research institutes as strategic partners. The two state-level institutes National Engineering Research Centre for Special Separation Membranes and the National Environment Protection Organic Chemical Wastewater Treatment and Recycling Engineering Centre
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      • Article
        Lock icon De Nora
        105 6 Water technologies firm De Nora has developed a compact on-site sanitising system that it says will help raise food safety standards in Asia. The mobile system, small enough for use in individual food venues and outlets, dispenses a cleaning solution called Soleva. Made from salt and tap water
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      • Article
        Lock icon Dowa Holdings
        53 6 A subsidiary of Japan-based Dowa Holdings, which runs a waste treatment business in Singapore, will begin construction of a new incinerator. The incinerator, which is expected to be built by February 2017, will “accelerate its business expansion” and double its waste incineration capacity here to 72 tonnes a
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      318 2 3]igSm<rrw" jAffordable Choice J for SmalTBusi nesses Designed to meet-the evolving needs of small businesses, Dell Vostro series combines powerful performance within a compact and space-saving design, delivering greater productivity and mobility for your business Starting price V from SGD 849 inclusive of GST/. DOLL Vostro 3250 SFF < Vostro
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  • COMPANIES & MARKETS
    • Article
      Lock icon Shanghai Futures Exchange warns of zero tolerance for trading abuse
      624 7 BLOOMBERG Beijing THE Shanghai Futures Exchange has vowed it won’t tolerate any abuse of trading rules after the unprecedented boom-bust episode earlier this year, adding that its products aren’t for mom and pop investors. “Futures isn’t a mass market but
      BLOOMBERG  -  624 words
    • Article
      Lock icon Firms must make ‘substantive changes’ to meet sustainability reporting requirements
      945 7  -  A massive moutain to climb, says consultancy; industry experts say firms that achieve it will reap vast rewards By michquah@sph.com.sg Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore SINGAPORE companies have “a massive mountain to climb” when it comes to meeting new regulatory
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    • Article
      Lock icon Yeo’s bags deal to distribute energy drink Celsius
      393 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT ONE door might have closed on Singa-pore-listed Yeo Hiap Seng (YHS), but another has opened. Two weeks after it announced that its exclusive agreement to bottle, sell and distribute Pepsi products in Singapore will cease, the drinks
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    • CORPORATE DIGEST
      • Article
        Lock icon ST Engineering
        162 7 ST Engineering (Singapore Technologies Engineering Ltd) on Tuesday announced that its aerospace arm, ST Aerospace, has secured new contracts worth S$770 million in the second quarter of 2016. The projects range from airframe maintenance and cabin interiors, to engine wash, and component repair and overhaul. The new contracts
        162 words
      • Article
        Lock icon OKP Holdings
        114 7 OKP Holdings subsidiary Eng Lam Contractors has been awarded a S$19.3 million contract by JTC for infrastructure works at Punggol. The 15-month contract commenced on July 5 and is expected to be completed by Oct 4, 2017. This is the mainboard-listed company’s fifth contract of 2016, having secured
        114 words
      • Article
        Lock icon Zhongmin Baihui Retail Group
        112 7 THE group said on Tuesday that it has decided to close its Nanjing Nanzhan store in Jiangsu province, China. The S-chip, which owns and operates more than 10 department stores in Fujian and Jiangsu in China, said the store has been unprofitable since its opening in
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    • Article
      Lock icon Don’t let S-chip baggage cloud judgement of Chinese Reits
      1048 8  -  Instead of shutting them off, investors should take time to understand the trusts, their sponsors and their sectors HOCK LOCK SIEW BY LYNETTE KHOO By lynkhoo@sph.com.sg @LynetteKhooBT SINGAPORE’S successful real estate investment trust market has caught the eye of asset-rich Chinese
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    • Article
      Lock icon Funds raised by SGX listings this year surge to S$1.6b
      293 8  -  By Gladys Yeo gladyeo@sph.com.sg Singapore THE Singapore Exchange has seen nine initial public offerings, one reverse takeover and one secondary listing so far this year, compared with just three IPOs in the corresponding period a year ago. Total funds raised
      293 words
    • Article
      Lock icon Lifebrandz to acquire all shares in Papua New Guinea firm
      191 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore LIFEBRANDZ on Tuesday said it plans to acquire all the shares of Tolukuma Gold Mines, a company incorporated in Papua New Guinea that owns a non-operational gold mine there, for US$212 million. The purchase
      191 words
    • Article, Illustration
      Lock icon CapitaLand unit buys Melbourne property through joint venture
      597 9  -  Quest Apartment Hotels will lease the serviced residence and operate it under its franchise when it opens in 2019 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CAPITALAND’s wholly owned serviced residence business unit, The Ascott Limited, is acquiring its first serviced residence in
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    • Article, Illustration
      Lock icon DeClout’s unit Procurri launches mainboard IPO
      550 9  -  By Tan Effie taneffie@sph.com.sg Singapore PROCURRI Corporation, a subsidiary of Catalist-listed DeClout Ltd, has launched its initial public offering (IPO) for a Singapore Exchange mainboard listing. A global independent provider of data centre equipment and lifecycle (hardware and software) services, Procurri is offering 68.88
      PHOTO: ARTHUR LEE  -  550 words
    • Article
      Lock icon Bond investors likely to drop longer dated Japan debt for shorter dated
      422 9 BLOOMBERG Tokyo JAPAN’S international bond investors are likely to shift from the nation’s longest-dated debt to shorter securities to take advantage of currency swap agreements that boost returns, according to Barclays plc. Foreign investors sold bonds with tenors
      BLOOMBERG  -  422 words
    • Article, Illustration
      Lock icon STI / Catalist
      62 10 STI Catalist straits Times index July 12,2016 2,901.82 +25.68 (+0.89%) Current streak 2 days Day high 2,901.82 Day low 2,878.10 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index July 12,2016 462.78 +7.69 (+1.69%) Current streak 1 day Day high 462.78 Day low 452.91
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    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 691.4 4.6 *****/9646 DBXT MSEurope US$ 5262 172.5 2.5 6064/4770 DBXT MSAsExJp US$ 3311 168.5 3.9 3605/2772 DBXT MSJAP US$ 4808 133.4 2.1 5161/4031 DBXT Nifty50 ETF10 ***** 75.5 0.4 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Next-Gen Sat
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    • Article
      Lock icon LOSERS
      73 10 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -239.9 -0.7 *****/***** Hyflux 6% CPS ***** -56.0 -0.6 *****/***** GLD US$ ***** -47.2 -0.3 *****/***** Great Eastern 2075 -16.0 -0.8 2415/1870 Isetan 362 -13.0 -3.5 471/320 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -66.7 -0.2 0.7/0.1 China
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE China Jishan 27.0 0.080 -0.070 -46.67 China Env Res 24.2 0.056 +0.006 +12.00 G Invacom 4,801.6 0.174 +0.026 +17.57 China Haida 210.0 0.016 -0.002 -11.11 Vicplas Intl 251.0 0.115 -0.008 -6.50 Challenger 1,054.3 0.470 +0.020 +4.44 Mary Chia 20.0 0.062 -0.010 -13.89 Jadason 35,472.2 0.031
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    • Article, Illustration
      Lock icon STI moves back into the black for 2016
      647 10  -  Index jumps 0.9% in response to Wall St rally; Singtel’s S$0.08 rise to S$4.31 brings stock up 17.2 per cent this year STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index ended 2015 at 2,882 but has risen above that level
      Source: Bloomberg  -  647 words
    • Article
      Lock icon STI STOCKS
      306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 +4 249/244 253 209 6.2 6540.6 CapitaCom Trust 155 +1.5 155/153 155 122.5 5.6 4582.3 CapitaLand 305 +2 305/302 350 267 12.2 3 *****.5 CapitaMall Trust 217 -1 219/216 225 184.5
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME Noble R 439,293,600 Noble 240,196,400 Ezra 73,235,500 Alliance Mineral 58,845,800 Anchor Resources 36,483,000 Market volume 2,540,055,000 VALUE Singtel 146,362,027 DBS Grp 52,945,124 UOB 43,828,706 Noble 40,365,366 OCBC Bank 32,909,034 Market value 1,135,906,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 294 +2 608 295/292 343/254 294/295 IS MS INDIA US$ US715 +6 578 716/708 780/575 713/715 89.4 UETF SSE50China 193 +3 97 194/190 286/181 193/194 60.3 DBXT MSINDO us$ US1380 +14 83 1392/1378 1392/911
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Jul 12 VALUE CLOSE BT OB/OS 412.00 +135.00 BT CADI -*****.00 +90.00 BT 10-day MA -*****.00 +42.00 FTSE ST Mid Cap 689.49 +7.05 FTSE ST Small Cap 391.96 +2.02 FTSE ST All Share 706.61 +5.91 FTSE ST China Top 161.48 +1.32 FTSE ST China 190.61 +1.15 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index July 12,2016 706.61 +5.91 (+0.84%) Current streak 2 days Day high 706.61 Day low 701.30 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 10 STI MSCI EAFE MSCI EAFE index July 11,2016 1,618.64 +26.54 (+1.67%) Current streak 3 days Day high 1,619.39 Day low 1,594.87 52-week high 1,894.42 (July 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 4 0 1 0 5 9 4 Manufacturing 40 38 26 7 4 17 47 42 43 Commerce 26 18 12 4 2 5 30 20 17 Tpt/Stor/Comms 21 6 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,806 387 18,193 55,573 74 55,647 Manufacturing 71,111 28,341 99,452 74,820 805 75,625 Commerce 753,446 30,089 783,535 121,966 1,090 123,056 Tpt/Stor/Comms 187,052 33,605 220,657 243,315 3,609 246,924 Finance 18,761 335 19,096 149,026 52 149,078 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Singtel Hold (Downgrade)
        151 10 Target price: S$4.29 July 12 close: S$4.31 OCBC Investment Research, July 12 Following the increased volatility in the global markets after the Brexit vote, interest rates have tumbled; 3-month Sibor eased to 0.9375 per cent recently, versus a peak of 1.25 per cent this year. And with
        151 words
      • Article
        Lock icon TeleChoice International Overweight
        118 10 Target price: S$0.34 July 12 close: S$0.275 nra Capital Research, July 12 We are generally heading into the Q2 2016 results reporting season with muted expectations. However, our review of TeleChoice also suggests that longer term growth drivers such as media and virtual reality technology are taking
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      • Article
        Lock icon GKE Corp Non rated
        175 10  -  Compiled by Cai Haoxiang July 12 close: S$0.105 CIMB Research, July 11 We visited GKE’s new cement mixing plant in the Wuzhou City of Guangxi Province, China. We believe the plant is well maintained and operated in a satisfactory condition. Facilitated with easy access to both
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    • Article
      Lock icon CALENDAR
      9 10 DATA I July 13 US MBA mortgage applications
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    • Article
      Lock icon Yen sheds post-Brexit gains after Japan election
      385 11 CURRENCIES REUTERS London THE yen hit its lowest in nearly three weeks against the dollar on Tuesday and shed 1.4 per cent versus the euro, as a weekend election victory by Japan’s ruling coalition paved the way for more stimulus, bolstering risk sentiment.
      REUTERS  -  385 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Jul 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.996 5.102 0.686 5.919 51.231 100.150 0.786 8.748 3.041 1.044 79.952 36.132 1.028 10.917 0.748 24.543 26.808 0.581 0.763 Canada 1.004 5.121
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Jul 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0280 1.0287 0.7628 0.7630 Canadian dollar 1.0319 1.0325 0.7658 0.7656 Euro 1.4978 1.4989 1.1114 1.1118 NZ dollar 0.9842 0.9849 0.7303 0.7305 Sterling pound 1.7694 1.7706 1.3129 1.3133
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Jul 12 S$ Bid Offer 1-month 1.3476 1.3482 2-months 1.3477 1.3486 3-months 1.3480 1.3488 6-months 1.3488 1.3498 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        212 11 Jul 12 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.4 unch 5726 0.1 1620 3 OCBC Bk MBeCW*****4 7.8 0.5 4025 0.1 820 3 DBS MB ePW*****3 5.7 -0.2 1610 0.1 1500 3
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jul 11 Index Change Change Change Change Change Change World Preliminary 1275.7 1.1 -0.2 1.2 -4.0 0.9 0.9 EAFE Preliminary 935.1 2.1 -7.7 2.0 -10.3 1.7 -5.7 Europe Preliminary 1350.9 1.5 -4.4
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        399 11 Jul 12 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9380.00 9632.50 9362.50 9620.00 *****0 *****2 Aug16 9365.00 9625.00 9360.00 9612.50 6827 ***** NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****6 *****0 Dec16 *****.00 *****.00 *****.00 *****.00 13 5945 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Jul 12 $S Offer Bid 0vernight 0.03 Par 1-month 0.6875 0.5625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ 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 11 Jul 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.25 99.28 99.26 5-Year NX*****X 2.250 01-Jun-21 104.03 104.15 103.95 10-Year NX*****F 2.125 01-Jun-26 103.17 103.75 103.10 15-Year NZ*****F 2.875 01-Sep-30 110.11 110.80 110.20 20-Year NZ*****V 3.375 01-Sep-33 117.86
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Jul-11 Price Net change change Last Trade Agricultural Jul-11 CBOT Soybeans (US cents/bu) 1082.75 -7.00 -0.64% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.25 -0.02 -0.07% 14/07/2016 CBOT Wheat (US cents/bu) 416.25 -4.50 -1.07% 14/07/2016 Jul-11 LIFFE Cocoa (£/tonne) 2564.00 18.00 0.71% 14/07/2016 LIFFE Coffee (US$/tonne) 1827.00 32.00 1.78%
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    • Article
      Lock icon SGX MAINBOARD
      1880 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 151 127 AIMSAMP Cap Reit 142 unch 648 143.5 141.5 0.9 8 903.8 LOW Div 169.8 101 ARA Asset Mgmt 135.5 unch 600 136.5
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    • Article
      Lock icon SGX CATALIST
      349 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 44.5 32.5 t Advancer Global 40 +1 ***** 42 37 15.9 69.3 High LOW Company 19.9 8.3 t Anchor Resources 15.4 +0.3 ***** 15.8 14.2
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    • Article
      Lock icon SGX ETF
      118 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3500 2355 DBXT China50 US$ US2855 +5 4 2875 2855 7.9 355 190 DBXT MSBrazil US$ US338 +3 23 339 338 1456 995 DBXT MSCHINA US$ US1211
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      24 7 Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      Lock icon Page 7 Advertisements Column 2
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  • Page 8 Advertisements
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      288 8 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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      339 9 with the freedom of your own personal assistant Experience the best of city living when you stay at Pan Pacific Serviced Suites Beach Road, Singapore or Pan Pacific Serviced Suites Orchard, Singapore. Attentive round-the-clock Personal Assistants will help ease you into the rhythm of daily life, whether it is providing
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      93 12 SGX^ Research like a pro. Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation, in relation
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      763 13 si P R O C U R R I SUBSCRIBE NOW! IPO CLOSES AT 12 NOON ON 18 JULY 2016 OFFERING PRICE OF S$0.56 PER NEW SHARE PROCURRI CORPORATION LIMITED (Company Registration Number: *****6969W) (Incorporated in the Republic of Singapore on 15 March 2013) OFFERING IN RESPECT OF 68,880,000 NEW
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  • REAL ESTATE
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      18 14 mm r @411 H E Aaron'KwolcKthouqht l,was the real policexhief for a while *Chinese Language Content Ei bit.ly/zb_CW2aaron
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      122 14 INTERNATIONAL BUILDING THE CONCOURSE (ORCHARD ROAD) (BEACH ROAD) Office: 904/ 1,184/ 1,485/ 1,884/ 2,551 Office: 355 to 1,417 sq ft Shop/F&B: 753 to 3,660 sq ft Also suitable for Clinic/Medical Suites Newly-renovated Office Lift Lobbies Toilets Next to Shaw House/lsetan Scotts (outside ERP gantry) Minutes walk to Orchard MRT station
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      98 14 T Read the full report in BTInvest at http://www. btinvest.com.sg. 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
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      2884 15 SINGHAIYI GROUP SINGHAIYI GROUP LTD. (Company Registration No.: *****3164K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of SingHaiyi Group Ltd. (the "Company'') will be held at Level 3, Room 324 326 Suntec Singapore Convention Exhibition Centre
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      2949 15 GP BATTERIES INTERNATIONAL LIMITED (Company Registration No.: *****2111N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International Limited (the “Company”) will be held at Marina Mandarin Singapore, Taurus Ballroom, Level 1, 6 Raffles Boulevard, Marina
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon UBS puts wealth management business on partial hiring freeze
      507 16 Cost cutting measure applies to only support functions, not client advisers, say sources BLOOMBERG Zurich UBS Group AG, the world’s biggest manager of money for rich people, imposed a partial hiring freeze at its wealth management business to cut costs, said
      BLOOMBERG; PHOTO: AFP  -  507 words
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      Lock icon UniCredit to launch strategic in-depth review under new CEO
      468 16 REUTERS Milan UNICREDIT’S board on Monday approved the launch of a strategic in-depth review under its new chief executive as it seeks to boost its capital position and improve profitability. Italy’s biggest bank by assets last month appointed French investment banker
      REUTERS  -  468 words
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      3331 16 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      188 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SIA PTE. LTD. (IN MEMBER’S VOLUNTARY WINDING UP) Company Registration No. *****0739C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
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      4965 17 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices FABCHEM CHINA LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3128G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of FABCHEM CHINA LIMITED will be held at 2 Bukit Merah Central,
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Pokemon Go’s success will spur imitators
      700 19 But much will depend on whether rivals duplicate underlying augmented reality technology BLOOMBERG Hong Kong GAME developers around the world watched in astonishment as Pokemon Go, a mobile version of the beloved 1990s game from Nintendo Co, became an instant hit rocketing to the
      BLOOMBERG; PHOTO: AFP  -  700 words
    • Article
      Lock icon Blackberry not ruling out building another device running BB10
      381 19 BLOOMBERG Toronto BLACKBERRY Ltd won’t rule out another handset running its own operating system even as it pushes ahead with new Android-based smartphones and hardware sales keep slipping. Last week, BlackBerry said that it was discontinuing its key-board-equipped Classic model, a
      BLOOMBERG  -  381 words
    • Article
      Lock icon Xerox in talks to acquire printing firm RR Donnelley, say sources
      307 19 BLOOMBERG New York XEROX Corp, which plans to separate into two companies by the end of the year, is in talks to acquire RR Donnelley Sons Co, people with knowledge of the matter said. Xerox would acquire RR Donnelley,
      BLOOMBERG  -  307 words
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      143 19 M few v)R AI4 CIO CIOHONOUR AWARDS SINGAPORE 2016 A BIG THANK YOU TO SINGAPORE’S CIO COMMUNITY FOR THE OVERWHELMING ENDORSEMENTS SUPPORT AND CONGRATULATIONS TO ALL THE WINNERS hSprint l# i/ n i5fe m Trust without Boundaries I Evolve Succeed EME R I 0 an NTT Communications Company PTC Data
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  • CONSUMER
    • Article, Illustration
      Lock icon S Korea cosmetics makers see the beauty of China
      467 20 Chinese consumers baulking at rising yen are their biggest foreign buyers BLOOMBERG Hong Kong CREAMS made of snail slime and sea-kelp face masks might not seem big money-spinners but they are exactly the kinds of products that have made South Korean
      BLOOMBERG; PHOTO: BLOOMBERG  -  467 words
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      1811 20 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      1871 20 CPH LTD. (Company Registration No. *****4583E) (the “Company") (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM") of CPH Ltd. (the "Company”) will be held at 8 First Lok Yang Road, Singapore *****1 on Thursday, 28 July 2016
      1,871 words
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      2259 21 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices PAN HONG HOLDINGS GROUP LIMITED (Incorporated in Bermuda with limited liability) (Co. Reg. No: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the “Meeting”) of Pan Hong Holdings Group Limited (“the Company”)
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      1354 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TONG SENG TRADING COMPANY PTE LTD (Co. Reg. No.*****6660R) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of TONG SENG TRADING COMPANY PTE LTD, duly convened and held on 08 July 2016,
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      2721 21 HIAP SENG ENGINEERING LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****0300Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hiap Seng Engineering Ltd (the “Company”) will be held at Conference Room, 28 Tuas Crescent, Singapore *****9 on Thursday, 28 July
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Carney defends BOE against Brexit accusations
      801 22 He denies that the Bank of England undermined its independence by highlighting the risks of a British decision to quit the European Union in the run-up to the referendum BLOOMBERG London MARK Carney denied that the Bank of England (BOE) undermined its independence by
      BLOOMBERG; PHOTO: BLOOMBERG  -  801 words
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      Lock icon Crisis forcing Greeks to think outside the box to survive
      781 22 REUTERS Athens IF necessity is the mother of invention, eight years of a crippling recession and dwindling work prospects have compelled at least some Greeks to reboot, switch professions and innovate to survive. From the island of Syros, handmade wooden
      REUTERS; PHOTO: REUTERS  -  781 words
    • Article
      Lock icon Eurozone imposes sanctions on Spain and Portugal
      443 22 AFP Brussels EUROZONE finance ministers agreed on Tuesday to officially begin a sanctions procedure against Spain and Portugal for doing too little to fix their rule-breaking deficits. The ministers “found that Portugal and Spain had not taken effective action in response to its
      AFP  -  443 words
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      Lock icon Tokyo to set out fiscal stimulus plan by end-July
      410 23 Government will submit supplementary budget to fund the stimulus in the autumn REUTERS Tokyo JAPANESE Prime Minister Shinzo Abe on Tuesday told his economy minister to compile an economic stimulus package by the end of this month to revive a flagging
      REUTERS; PHOTO: BLOOMBERG  -  410 words
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      Lock icon New tool to predict fire risks unveiled
      441 23 THOMSON REUTERS FOUNDATION Jakarta A MAP using satellite technology to warn of fire risks aims at helping South-east Asian governments better deploy their resources to combat raging blazes, which cloak the region in haze every year, a specialist on forest fires said on
      THOMSON REUTERS FOUNDATION; PHOTO: AFP  -  441 words
    • Article
      Lock icon New central bank chief: Modi weighs competing political, market demands
      492 23 REUTERS New Delhi AS Indian Prime Minister Narendra Modi prepares to pick a new central bank governor, he will need to juggle competing demands from within his own party, the economy’s need for more stimulus and investors’ demands for an
      REUTERS  -  492 words
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      155 22 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. EVENT DETAILS Suntec Hall 401-403 REGISTER ONLINE AND DOUBLE YOUR CHANCE IN OUR LUCKY DRAW! 30th 31st July 2016 10am 7pm +65
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      14 22 Keep calm and drink kopi Grab a copy at all good bookstores and www.stpressbooks.com.sg
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      26 22 I .'\k w Property Tracker f i tYour Home’s Worth, What? Price $2M $938, rO V r®P <$5° Historical Sale Rental value of your home SRX.com.sg/property-tracker
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  • TRANSPORT
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      Lock icon Airbus, Boeing get boost from Asian carriers
      1072 24 Asia’s airlines placing new orders at Farnborough Air Show as economic growth spurs demand for new routes and extra frequencies BLOOMBERG Toulouse ASIA’S hunger for travel gave a lift to Airbus Group and Boeing Co on Day 1 of the Farnborough Air Show.
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,072 words
    • Article
      Lock icon Honda introduces motor that does not need rare earths to sidestep China
      333 24 BLOOMBERG Tokyo HONDA Motor Co said that it is introducing a motor for hybrid vehicles that will not need heavy rare earth minerals, as Japan’s carmakers look to circumvent sourcing the materials from China. Magnets developed by Daido
      BLOOMBERG  -  333 words
    • Article
      Lock icon DNV GL draws fire for regional tax plan
      926 24  -  Its proposal for a recycling fund by taxing ships calling on EU undermines global efforts on recycling yards STRAIT TALK BY DAVID HUGHES IT is a strange world when a classification society comes up with a plan to slap a regional tax
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    • Article
      Lock icon Google’s self-driving car project appoints general counsel
      378 24 REUTERS Washington ALPHABET Inc’s Google self-driving car project said on Monday that it appointed its first general counsel, as US regulators increase their scrutiny of autonomous vehicles. Google has logged more than 1.7 million miles (2.7 million km) of autonomous driving in testing
      REUTERS  -  378 words
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      1145 25 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 PNJ SIN PKL JKT SUR GENIUS STAR I 001 60 21/7 24/7 26/7 CALMY CORAL 103 60 26/7
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      308 25 C a i l a n ~E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
      308 words
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      729 25 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6470 9100 Fax: (65) 6235 3623 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN FEDORA FF625 30/06 04/07 06/07 08/07 19/07 24/07 TAMESIS FF626 14/07 18/07 20/07 22/07 27/07 05/08 TONSBERG FF627 22/07 26/07 28/07 30/07
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  • OPINION
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      Lock icon Leadership woes at Malaysia Airlines could undermine recovery plan
      550 26 EDITORIAL BELEAGUERED carrier Malaysia Airlines has been restructured into a new entity called Malaysia Airlines Berhad (MAB) to unshackle the firm from legacy issues (bloated workforce and lopsided contracts) but it remains bogged down by one big affliction the ever-revolving door
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    • Article
      Lock icon Not all doom and gloom over British exit
      808 26  -  THE BOTTOM LINE By David Marsh T The writer is managing director of the Official Monetary and Financial institutions Forum. OMFIF THE fortnight after the UK’s anti-Europe-an Union vote has been a poor advertisement for Britain’s crisis management prowess. European central bankers
      OMFIF  -  808 words
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      Lock icon The bad vs the ugly, adds up to no good
      1291 26  -  Latest mud-slinging between Clinton and Trump confirms the bias against each personality By Leon Hadar Washington AT the height of the so-called Monicagate scandal in the 1990s when fans of then-President Bill Clinton tended to dismiss the allegations against him
      PHOTO: AFP  -  1,291 words
    • Article
      Lock icon Brexit’s fallout comes into focus, and uncertainty will prevail
      1050 27  -  COMMENTARY By Shahid Javed Burki T The writer is former finance minister of Pakistan and also a former vice-president of the World Bank. CONFIDENCE and uncertainty are two variables that worry all economists when they reflect about the future. Since they
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      Lock icon SingPost: some answers, more questions
      1975 27  -  The company’s recent initiatives are admirable but there are still questions that shareholders should consider asking at its AGM on July 14. By MAK YUEN TEEN 14.By MAK YUEN TEEN T The writer is an associate professor of accounting at the nus Business School where
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Virtual game brings real money to NY bars
      1002 28 Pokémon Go draws players to specified sites in the hope of capturing virtual Pokémon, visible when looking at your surroundings through a smartphone BLOOMBERG New York THE customers streaming through L’inizio’s Pizza Bar in Queens during the weekend needed hot slices, cold
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    • Article
      Lock icon To stem obesity, start before birth
      1000 28 NYT New York TO STEM the current epidemic of obesity, there’s no arguing with the adage that an ounce of prevention is worth a pound of cure. As every overweight adult knows too well, shedding excess pounds and keeping them off is far harder
      NYT  -  1,000 words
    • Article
      Lock icon Burberry CEO resigns, ends dual-role experiment
      669 28 NYT London BURBERRY’S chief executive is resigning from that post, ending an experiment in which the British luxury house became the first publicly listed fashion company to allow one person to hold the roles of chief executive and creative director at once. The company
      NYT  -  669 words
  • Page 28 Advertisements
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      49 28 comex SINGAPORE’S BIGGEST I.T. AND CONSUMER ELECTRONICS EXHIBITION BOOK YOUR SPACE! SELL YOUR TECH PRODUCTS 6 SERVICES TO THOUSANDS OF CONSUMERS DIRECTLY 8-11 SEP 2016 SUNTEC SINGAPORE 1-3,486 TRADE-IN STAR BUYS-GAMEX YOUR BOOTHi Tel: 6747 4620 El sales@exhibitsinc.com.sg www.comexshow.com.sg fi ComexITShow ORGANISED BY: Exhibits Inc A SUBSIDIARY OF Sfh
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  • Page 28 Miscellaneous
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      319 28 CRYPTIC CROSSWORD Across 1 Satisfied with debts, but unlikely to reach agreement (11) 9 Spilled Brian’s tea he won’t have a drink (9) 10 Mischievous person joins the Spanish force (5) 11 In radiography, sickness is given a cure (6) 12 Hair-raising action by the brave (8) 13 Go round
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      131 29 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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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Investing in a post-Brexit environment
      1201 29  -  After initial sell-off, risk assets have recovered much of their losses and volatilities are back to average; but it is too early for an all-clear. MONEY MATTERS BY JOHN WOODS T The writer is Credit Suisse’s Asia Pacific chief investment officer. AS we entered the
      PHOTO: BLOOMBERG  -  1,201 words
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      Lock icon Revisions galore as bond strategists miss big picture
      1070 30  -  Yields have tumbled amid global economic and geopolitical surprises that have made the Fed cut rate projections twice, banks revise forecasts repeatedly. BY ELIZA RONALDS-HANNON AND SUSANNE BARTON BY ELIZA RONALDS-HANNON, SUSANNE BARTON BLOOMBERG New York IF at first you don’t succeed,
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,070 words
    • Article
      Lock icon Bond market now is like a miscalibrated, unreliable speedometer
      926 30 NYT New York THE financial media tend to report breathlessly about what the stock market did yesterday. But savvy economic analysts have always known that the bond market is the place to look for a real sense of where the economy
      NYT  -  926 words
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      40 30 Take off in your own PRIVATE WORLD EMIRATES FIRST Experience the ultimate luxury of your own private suite, fine dining at any time, over 2,500 channels and an onboard shower spa. Hello Tomorrow Onboard shower spa available on Emirates A380s
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