The Business Times, 14 July 2016

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Total Pages: 29
1 29 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 Thursday, July 14, 2016
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  • Article, Illustration
    197 1 One in three consumers in Singapore have experienced card fraud in the past five years, according to ACI Worldwide and Aite Group. TOP STORIES 2 Ash from burning waste could soon be recycled and utilised on the surface of buildings as a construction material, instead of being buried
    197 words
  • 26 1 Wednesday Change STI 2,910.65 +8.83 KL COMP 1,660.39 +6.42 NIKKEI 225 16,231.43 +135.78 HANG SENG 21,322.37 +97.63 SHENZHEN B 1,130.63 +6.59 DOW(10.15am EDT) 18,362.70 +15.03
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  • 686 1  -  Connectivity has enabled homegrown companies to become global successes quickly if they have good offerings and can scale up fast, he says By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore BUSINESSES and entrepreneurs now live in a highly digitised world that makes
    PHOTO: INSTITUTE OF POLICY STUDIES  -  686 words
  • 674 1  -  Analysts not ruling out another cut in next few months given weak exports and domestic demand By btworld@sph.com.sg Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S central bank has cut the key lending rate by 25 basis points in a bid to boost the flagging
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  • Page 1 Advertisements
    • 60 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES Jaeger-leCoultre Boutiques 2 Orchard Turn, ION Orchard, #02-08, Tel: +0.1 6510 2882, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2M-240, Tel: +65 6688 7003, Singapore A Reverso Tribute Calendar watch Eduardo Novillo Astrada, polo Champion, Winner ot the Argentine
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    • 28 1 EC LAUNCH Sim Lian prices Treasure Crest at an average S$742 psf real estate /14 HOCK LOCK SIEW Make tech support a valuable business pillar companies markets 8
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    • 14 1 US POLICE DEATHS It’s not a civil war but a nation divided OPINION 24
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  • TOP STORIES
    • 408 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore DESPITE Brexit, the United Kingdom is expected to be one of the biggest source markets for race fans in this year’s Singapore Grand Prix from Sept 16-18, according to a report by travel data
      FILE PHOTO  -  408 words
    • 601 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IT now takes the average Singaporean nine more years to build up his or her retirement nest egg than it did in the past. A report by HSBC titled “Future of Retirement:
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    • 1008 2  -  Top risky behaviour of Singapore respondents in study is throwing papers with account numbers into trash bin By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THIRTY-SIX per cent of consumers in Singapore have experienced card fraud in the past five years, according
      Source: ACI Worldwide  -  1,008 words
    • 625 2  -  By yuntingc@sph.com.sg Choo Yun Ting yuntingc@sph.com.sg Singapore A NEW way of presenting pupils’ scores in the Primary School Leaving Examination (PSLE) was unveiled on Wednesday one that will be based on the pupils’ raw scores in each of the
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    • 531 4  -  The project, expected to be ready by 2018, may lead to ash being recycled and used as construction material WORLD CITIES SUMMIT WATER WEEK By Renald Yeo yrenald@sph.com.sg Singapore ASH, a by-product of waste burned at incineration plants, and traditionally carted
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    • 719 4  -  By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Singapore CALL it 3M Singapore’s eureka moments put on trial. Three locally developed lighting projects from the company’s eight-month-old Smart Urban Solutions Lab have begun local trials in HDB parking lots, HDB corridors and some private
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    • 606 4  -  By Renald Yeo yrenald@sph.com.sg Singapore IMAGINE throwing away two bowls of food every day. Imagine doing that every day for a year. And then imagine if everyone in Singapore did that. The reality though, is you don’t have to because
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    • 766 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE government is rolling out the welcome mat for large corporates and SMEs (small and medi-um-sized enterprises) with water management solutions to form a Singapore consortium to bid for China’s sponge city projects. China
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    • 680 5  -  By Anthony Rowley btworld@sph.com.sg Tokyo FOR Japan, the Hague tribunal’s ruling that China’s claims to much of the South China Sea are invalid is a source of considerable satisfaction. It implies a strong regional role for the US in upholding the
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    • 824 5 Beijing issues warnings not to turn the area into ‘a cradle of war’; describes the ruling as “a piece of waste paper” RULING ON SOUTH CHINA SEA DISPUTE REUTERS AFP BLOOMBERG Beijing CHINA warned it “has the right” to declare an air
      REUTERS; AFP; BLOOMBERG  -  824 words
  • Page 2 Advertisements



  • Page 5 Advertisements
    • 298 5 Singapore’s heart of business and integrated ifeihgtbps out r > m >- 9 X-f mm r- 2 r B1 MARINA r J ONE Residences I Offices I Retail Now, all eyes are on Marina One. With the topping out of the newest, most forward-looking integrated development, a fresh breath of
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  • Page 6 Advertisements
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  • COMPANIES & MARKETS
    • 311 7  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CITIC Envirotech’s subsidiary Memstar has officially opened its 5,100 square metres membrane production facility in Singapore. The opening was in conjunction with the Singapore International Water Week 2016. The plant is part of Memstar’s $25 million investment that
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    • 438 7 BLOOMBERG Kuala Lumpur GENTING Malaysia Bhd, one of the Asian companies most exposed to the UK, is finding that some investors aren’t prepared to take a chance on its foray into the country’s gaming market after the surprise vote to leave the
      BLOOMBERG  -  438 words
    • 564 7  -  Pledge of Ezra’s shares in Triyards and Emas Offshore is to secure S$100m borrowings By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore EZRA Holdings has entered into share charge arrangements with DBS and OCBC for a combined 60.9 per cent stake
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    • 1008 8  -  HOCK LOCK SIEW BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT LAST week, a New York Times (NYT) article on “Why tech support is (purposely) unbearable” suggested that US companies were “aware of the torture” they put customers through, and that cable and mobile operators provided
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    • 662 8  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT was towards the end of April this year when an email arrived in the inbox of Chatri Sityodtong, the founder and chairman of Singapore-based mixed martial arts (MMA) company One Championship. That message was from
      ST FILE PHOTO  -  662 words
    • 1255 8 BLOOMBERG Singapore MSCI Inc isn’t usually a name that springs to mind when one thinks of the most powerful players in the global equity market. The New York-based index compiler doesn’t have BlackRock Inc’s trillions under
      BLOOMBERG  -  1,255 words
    • 331 9  -  Rentals of all industrial properties soften by 2.7% in 1Q 2016 over the preceding quarter By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SOILBUILD Reit on Wednesday posted a 3.1 per cent fall in distribution per unit (DPU) for the second quarter from the
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    • 291 9  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore IN ITS second joint venture with China Ping An Insurance Group, Yanlord Land Group is partnering a subsidiary of the financial services conglomerate to jointly develop a 295,000 square metre prime integrated
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    • 258 9  -  By Tan Effie taneffie@sph.com.sg Singapore SINGAPORE Press Holdings and StarHub have jointly announced that, starting Friday, all existing and new StarHub Mobile Postpaid customers will have free local data access to nine SPH mobile apps for one year.
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    • Article, Illustration
      63 10 STI Catalist Straits Times Index July 13,2016 2,910.65 +8.83 (+0.30%) Current streak 3 days Day high 2,917.42 Day low 2,899.92 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 13,2016 458.97 -3.81 (-0.82%) Current streak 1 day Day high 463.89 Day low
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    • 621 10  -  Singtel remains standout performer in the index this year, rising 17.4% as at Tuesday’s market close STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WITH markets in “risk on” mode, the Straits Times Index (STI) on Wednesday added more distance between itself and its 2016 starting
      Source: Bloomberg  -  621 words
    • 306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -3 249/244 253 209 6.3 6461.5 CapitaCom Trust 154 -1 156.5/154 156.5 122.5 5.6 4552.8 CapitaLand 307 +2 308/305 350 267 12.3 2.9 *****.9 CapitaMall Trust 216 -1 218/215 225 184.5
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    • 34 10 VOLUME Noble R 374,472,000 Annica 190,400,100 Noble 163,958,200 LifeBrandz 103,768,100 Magnus Energy 72,035,100 Market volume 2,686,209,000 VALUE Singtel 112,126,429 DBS Grp 92,891,831 ComfortDelGro 45,170,820 UOB 41,945,598 OCBC Bank 41,656,327 Market value 1,136,481,000
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    • 108 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 295 +1 688 296/294 343/254 294/295 IS MS INDIA US$ US717 +2 530 719/713 780/575 716/717 89.6 CIMBASEAN40 US$ US864 +10 107 864/860 941/700 864/874 135.5 UETF SSE50China 193 80 194/192 283/181 192/195 60.3
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    • 77 10 Jul 13 VALUE CLOSE BT OB/OS 336.00 -76.00 BT CADI -*****.00 +18.00 BT 10-day MA -*****.00 +33.00 FTSE ST Mid Cap 690.70 +1.21 FTSE ST Small Cap 392.64 +0.68 FTSE ST All Share 708.67 +2.06 FTSE ST China Top 162.23 +0.75 FTSE ST China 190.80 +0.19 FTSE
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    • 35 10 STI FTSE ST All-Share ftse ST All-Share index July 13,2016 708.67 +2.06 (+0.29%) Current streak 3 days Day high 709.54 Day low 706.14 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 10 STI MSCI EAFE MSCI EAFE index July 12,2016 1,636.87 +18.23 (+1.13%) Current streak 4 days Day high 1,644.68 Day low 1,621.54 52-week high 1,894.42 (July 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 6 0 0 1 8 2 7 Manufacturing 41 37 30 4 10 14 45 47 44 Commerce 25 18 11 4 7 5 29 25 16 Tpt/Stor/Comms 13 13 7
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,699 871 23,570 80,469 166 80,635 Manufacturing 91,712 214,948 306,660 93,270 2,120 95,390 Commerce 614,131 131,254 745,385 104,718 1,330 106,048 Tpt/Stor/Comms 155,069 4,517 159,586 218,425 452 218,877 Finance 21,153 350 21,503 191,736 49 191,786 Construction
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    • 75 10 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 8679 253.4 2.2 8679/6250 DBXT E50 US$ 4321 132.1 2.3 5242/3918 DBXT Vietnam US$ 2499 94.4 2.9 2786/2017 JMH USD 5868 91.7 1.2 6103/4500 Lyxor US DJIA US$ 1835 83.6 3.5 1835/1573 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2
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    • 76 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -182.0 -1.0 *****/***** DBXT Nifty50 ETF10 ***** -70.1 -0.4 *****/***** DBXT S&P Short US$ 1978 -10.8 -0.4 2393/1978 DBS Bk 4.7% NCPS ***** -10.0 -0.1 *****/***** Singtel 10 423 -7.0 -1.6 441/338 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1
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    • 82 10 VOL CLOSE($) CHANGE LifeBrandz 103,768.1 0.004 +0.002 +100.00 BlackGoldNatural 1,619.1 0.025 -0.011 -30.56 Lereno Bio-Chem 132.7 0.021 -0.004 -16.00 Magnus Energy 72,035.1 0.002 +0.001 +100.00 Hiap Tong 164.0 0.087 +0.016 +22.54 Hupsteel 272.6 0.570 +0.075 +15.15 Pan Hong 267.0 0.155 -0.010 -6.06 Next-Gen Sat 2,400.1 0.002 -0.001 -33.33
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    • BROKERS’ TAKE
      • 96 10 IHH Healthcare Hold Target price: S$2.31 July 13 close: S$2.23 UOB Kay Hian Research, July 13 WITH three China hospital projects targeted to come on stream in the next four years, we believe Greater China is well-positioned to become one of the key home markets for IHH. While we continue
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      • 79 10 Sheng Siong Buy Target price: S$1.04 July 13 close: S$0.90 DBS Group Research, July 13 WE maintain “buy” on Sheng Siong with a S$1.04 target price based on 25 times blended 2016 and 2017 forecast earnings. It is on track to meet its target store count of 50 and earnings
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      • 207 10  - ST Engineering Add Compiled by Cai Haoxiang Target price: S$3.60 July 13 close: S$3.37 CIMB Research, July 12 ST Engineering’s aerospace division secured orders of S$770 million in Q2 2016, bringing its H1 2016 orders to S$1.2 billion, same as a year ago. We expect Q2 2016 order wins for
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    • 18 10 DATA I July 14 Singapore advance GDP estimates US Federal Reserve Beige Book US initial jobless claims
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    • 389 11 CURRENCIES REUTERS London THE yen lost ground on Wednesday, extending losses against the dollar after recording its biggest two-day fall in almost two years, as risk appetite bounced back in the European session. The safe-haven yen had tumbled 4 per cent against
      REUTERS  -  389 words
    • EQUITY BONDS WARRANTS FUTURES
      • 207 11 Jul 13 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.9 0.5 5520 0.1 1620 3 Rowsley Ltd W*****3 0.2 -0.1 4051 1 18 3 OCBC Bk MBeCW*****4 7.9 0.1 3507 0.1 820 3
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jul 12 Index Change Change Change Change Change Change World Preliminary 1286.0 0.9 0.6 0.8 -3.3 0.9 1.7 EAFE Preliminary 945.8 1.1 -6.7 1.0 -9.4 1.1 -4.6 Europe Preliminary 1360.7 0.7 -3.7
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      • 405 11 Jul 13 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9620.00 9677.50 9557.50 9635.00 *****4 *****3 Aug16 9607.50 9675.00 9550.00 9602.50 3579 ***** NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****5 *****7 Dec16 *****.00 *****.00 *****.00 *****.00 918 5935 MSCI TAIWAN
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    • FOREX RATES
      • Article, Illustration
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      • 471 11 Jul 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 5.078 0.687 5.887 50.960 99.473 0.791 8.710 3.027 1.046 79.563 35.836 1.023 10.920 0.750 24.418 26.713 0.573 0.759 Canada 1.009 5.122
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      • 2 11
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      • Article, Illustration
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      • 155 11 Jul 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0228 1.0239 0.7587 0.7591 Canadian dollar 1.0316 1.0326 0.7656 0.7652 Euro 1.4892 1.4906 1.1047 1.1051 NZ dollar 0.9782 0.9794 0.7256 0.7261 Sterling pound 1.7853 1.7865 1.3243 1.3245
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      • 22 11 Jul 13 S$ Bid Offer 1-month 1.3480 1.3490 2-months 1.3481 1.3492 3-months 1.3483 1.3495 6-months 1.3491 1.3504 Source: OCBC
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      • Article, Illustration
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    • BANK RATES
      • 154 11 Jul 13 $S Offer Bid 0vernight 0.05 Par 1-month 0.6875 0.5625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.0625 US$ 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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      • 65 11 Jul 13 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 5-Year NX*****X 2.250 01-Jun-21 104.14 104.10 103.94 10-Year NX*****F 2.125 01-Jun-26 103.35 103.50 102.80 15-Year NZ*****F 2.875 01-Sep-30 110.22 110.10 109.80 20-Year NZ*****V 3.375 01-Sep-33 117.94 117.80 117.80
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    • AGRI METALS ENERGY
      • 250 11 Jul-12 Price Net change change Last Trade Agricultural Jul-12 CBOT Soybeans (US cents/bu) 1107.25 24.50 2.26% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.71 0.46 1.52% 14/07/2016 CBOT Wheat (US cents/bu) 424.00 7.75 1.86% 14/07/2016 Jul-12 LIFFE Cocoa (£/tonne) 2545.00 -19.00 -0.74% 14/07/2016 LIFFE Coffee (US$/tonne) 1807.00 -20.00 -1.09%
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    • 1839 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 151 127 AIMSAMP Cap Reit 143.5 +1.5 4977 144 142 0.9 7.9 913.3 LOW Div 169.8 101 ARA Asset Mgmt 136 +0.5 952 137.5
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    • 288 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 44.5 32.5 t Advancer Global 38 -2 2626 39.5 38 15.1 65.8 High LOW Company 19.9 8.3 t Anchor Resources 15.5 +0.1 ***** 15.6 14.8
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    • 137 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1290 991 CIMBASEAN40 S$D 1162 +1 0 1162 1162 941 700 CIMBASEAN40 US$ US864 +10 107 864 860 135.5 3497 2355 DBXT China50 US$ US2909 +54 8 2927
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 377 8 IN THE MATTER OF THE COMPANIES ACT, CAP 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF METROPOLE HERBAL RESTAURANT PTE. LTD. (Company No: *****5649R) (In Members’ Voluntary Winding-up) At an Extraordinary General Meeting of the above-named Company duly convened and held at 6001 Beach Road #12-01 Golden Mile
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  • Page 9 Advertisements
    • 17 9 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • Page 12 Advertisements
    • 80 12 SGX== SGX My Gateway Stay informed about Singapore’s stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange 4 This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • REAL ESTATE
    • 766 13  -  Panellists agree this works better for Asians than annuities as city populations age WORLD CITIES SUMMIT WATER WEEK By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore LONGEVITY poses risks to cities. Panellists at a Wednesday discussion focused on life-cycle financing for ageing populations agreed that
      Source: Research studies  -  766 words
    • 577 13  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FINANCIAL institutions and development banks are looking at new ways to finance infrastructure development and encourage more private sector participation, panellists at a Wednesday World Cities Summit discussion said. For example, the Asian Development Bank (ADB) already
      577 words
    • 335 13  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE sovereign investor GIC has pumped money into a real estate fund that has acquired the newly built Hyundai Logistics Distribution Centre for US$130 million from LogisKoel, developer of the asset. The real
      335 words
    • 307 14 The 504-unit project is more than 2.1 times subscribed; balloting and booking will take place this Saturday Singapore MAINBOARD listed Sim Lian Group Limited has priced its executive condominium (EC) project Treasure Crest at an average S$742 per square foot
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    • 458 14 Singapore RENTS for private non-landed homes were likely flat in June compared to May, while those for Housing Development Board (HDB) flats dipped 0.3 per cent from a month ago, going by flash estimates from SRX Property. Non-landed private
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    • 914 15 Jorge Perez plans to take a lesser role in running his company so he can focus more on travel, philanthropy and his art collection BLOOMBERG Florida JORGE Perez, the billionaire who helped turn South Florida’s skyline into a beacon
      BLOOMBERG; PHOTO: BLOOMBERG  -  914 words
    • 1495 15 Property transactions for districts 1 to 19 with contract dates between June 1 and June 7,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 02/06/2016 99 1313 2175 1656 District 3 NON-LANDED Highline
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    • 221 15 AFP Paris ASSUAGING French fears of a possible takeover, Jin Jiang will not, for now, take a place on the board of AccorHotels, although China’s state-owned group said on Tuesday that it was in talks with its European rival. Last month,
      AFP  -  221 words
  • Page 13 Advertisements
    • 93 13 FREEHOLD COMMERCIAL BUILDING ALONG ROBINSON ROAD i CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E Prime 12-storey office building with a retail shop unit 2 k m id 4J32 O n Situated on the coveted Robinson Rd in the heart of Singapore CBD Zoned ‘Commercial’ with plot ratio of I 1.2+
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    • 107 13 I LEGACY TRUST Legacy Trust Company Presents What Now For Privacy? In 2017 the Common Reporting Standards is becoming a reality globally, which means no more privacy on asset ownership. This presentation aims to explain: The new CRS reporting standard Foreign accounts Exposure and Disclosure Requirements Automatic Exchange of Information
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  • Page 14 Advertisements
    • 386 14 IPG, A Singapore Based Boutique Real Estate Broker Focusing on Commercial Real Estate In Central Region Of Singapore Regional Cities. We Deal With The Following Types Of Assets: Singapore Bulk Sale of Prime Freehold Strata Office Floors Retail Units with >3.5% Yield Bulk Sale of New Freehold Strata Retail Units
      386 words
    • 167 14 JTC FACTORY FOR SALE WOODLANDS INDUSTRIAL ESTATE A 2-storey JTC standard detached factory Comprises production areas, storage ancillary offices Land Area: 5,014.2 sq m (53,972 sq ft approx.) GFA: 3,55 1.91 sq m (38,232sq ft approx.) Zoned “Business 2” of Plot Ratio 2.5 Leasehold 30+30 year w.e.f I April 1996
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    • 62 14 KnightFrank.com.sg Food Factory for Sale by Expression of Interest At Jalan Boon Lay 1-sty food factory with Hi-ceiling warehouse, cold rooms office Land Area: approx. 174,000 sq ft Floor Area: approx. 151,000 sq ft Tenure: 60 years leasehold from 1972 EOI closing date: Wednesday, 10 August 2016, 4pm Alvin Teng
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  • BANKING & FINANCE
    • 537 16 The bank’s executive says clients are confident about the economy but are hesitant to invest because the Nov 8 election seems so unpredictable REUTERS New York WEALTHY US investors are holding record cash balances out of fear that the US presidential election
      REUTERS  -  537 words
    • 379 16 BLOOMBERG Singapore HANS Peter Brunner, BSI SA’s former Asia chief executive who is under scrutiny from Singapore prosecutors over the bank’s ties with a Malaysian state firm, has sued the Swiss private bank after his bonus was frozen. Mr Brunner’s lawsuit
      BLOOMBERG  -  379 words
    • 450 16 REUTERS New York JEFFREY Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday there is “big money” to be made on the “short side” if equities fail to stay near current highs. Mr Gundlach, who
      REUTERS; PHOTO: REUTERS  -  450 words
    • 447 16 REUTERS Taipei TAIWANESE investigators suspect two Russian nationals hacked into a major domestic bank’s ATMs last weekend, using malware to withdraw more than US$2 million from dozens of automated teller machines in the country’s first recorded case of its kind. Combining cybercrime
      REUTERS  -  447 words
  • Page 16 Advertisements
    • 97 16 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given pursuant to Section 204, subsection (1 )(b) of the BVI Business Companies Act, 2004 that Divinus Ltd is in voluntary liquidation. The voluntary liquidation commenced on 24th
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  • Page 17 Advertisements
    • 6148 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices GP Industries Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****2128C Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Industries Limited (the “Company”) will be held at Marina Mandarin Singapore, Taurus,
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  • ENERGY & COMMODITIES
    • 510 18 Capacity of 200 GW under construction despite tough new measures cutting use of fossil fuels, tackling overcapacity REUTERS Shanghai CHINA is building another 200 gigawatts (GW) of coal-fired power capacity despite tough new measures designed to cut the use of fossil fuels and tackle
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  • Page 18 Advertisements
    • 2552 18 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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    • 2021 18 YONGMAO HOLDINGS LIMITED (COMPANY REGISTRATION NO. *****0649K) (INCORPORATED IN THE REPUBLIC OF SINGAPORE NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Yongmao Holdings Limited (the “Company”) will be held at 81 Ubi Avenue 4, #09-01 UB. One, Singapore *****0 on Friday, 29 July
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  • TECHNOLOGY
    • 646 19 Investors have big expectations that app will open new chapter in firm’s future growth AFP Tokyo WITH Pokemon-mania sweeping the planet, Nintendo’s nascent shift into mobile gaming has proved a massive hit, vindicating the Japanese videogame giant’s decision to unshackle itself from a long-standing consolesonly
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    • 530 19 BLOOMBERG San Francisco GOOGLE’S ambitious plan to build its new Silicon Valley headquarters, with soaring glass canopies, crane-like robots and moveable walls, was given new life on Tuesday after a big land swap with neighbouring technology giant LinkedIn Corp.
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    • 294 19 AFP Brussels THE European Union on Tuesday launched a controversial deal with the United States aimed at curbing government spying on European citizens’ personal Internet data. The new deal comes after the EU’s top court last year struck down a previous arrangement, leaving
      AFP  -  294 words
  • Page 19 Advertisements
    • 1671 19 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 1626 19 notice of Annuo I GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fifth Annual General Meeting of the Company will be held at the Conference Room, No. 10 Changi South Lane #07-01 Singapore *****2 on Friday, 29 July 2016 at 9.30 a.m. to transact the following business:AS ORDINARY BUSINESS 1.
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  • CONSUMER
    • 761 20 Investors like Blackstone and xander look for malls, expecting growing middle class to fuel demand as more foreign brands open and online retailers ease aggressive discounting REUTERS New Delhi E-COMMERCE in India has been booming and online giants like Amazon are
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    • 828 20 BLOOMBERG Seattle AMAZON.COM Inc said Prime Day sales from third-party merchants surged 30 per cent compared with a year earlier, fuelled largely by international demand. While US sales appeared to start slowly on Tuesday, hampered by technical glitches, the world’s largest
      BLOOMBERG; PHOTO: REUTERS  -  828 words
    • 717 20 NYT Beijing BOWING to two weeks of rising public pressure in China, Swedish furniture maker Ikea said on Tuesday that it would extend its recent recall to a country where so far it has enjoyed a strong reputation. The move marks the
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  • Page 20 Advertisements
    • 35 20 COMING TOGETHER The diaspora convention is an ideal occasion for South Asian nations to join hands for common good TEJAS; INDIA’S FLYING DAGGER GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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    • 59 20 I aggregate the Business times I asset I management RETIREMENT M How to use Value Investing to Build your Retirement Nest Egg SPEAKER Eric Kong Fund Manager, Executive Director, Aggregate Asset Management Learn how to better prepare for retirement at Raffles City Convention Centre on 30 Jul 2016 Limited seats!
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  • GOVERNMENT & ECONOMY
    • 1016 21 With 30% of assets in govt debt, Indian banks would take a hit from higher capital charges on sovereign bonds BLOOMBERG Mumbai THE Reserve Bank of India (RBI) is getting ready for a fight on proposed changes to the global regulatory framework
      BLOOMBERG  -  1,016 words
    • 782 21 BLOOMBERG, REUTERS Tokyo A KEY economic adviser to Japanese Prime Minister Shinzo Abe said boosting fiscal and monetary stimulus at the same time would be a good strategy, while playing down the likelihood of employing so-called “helicopter money”. Japan
      BLOOMBERG,; REUTERS  -  782 words
    • 508 21 REUTERS Tokyo JAPANESE Emperor Akihito, who has spent much of his time on the throne trying to heal the wounds of World War II, intends to abdicate in a few years, public broadcaster NHK said on Wednesday, a step that
      REUTERS; PHOTO: REUTERS  -  508 words
    • 307 21 REUTERS Jakarta INDONESIAN legal activists filed a request for judicial review on the country’s tax amnesty law on Wednesday, saying the government’s plan to bring home billions of dollars stashed overseas protects money launderers and tax evaders. The tax amnesty, passed
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    • 718 21 REUTERS London OUTGOING British Prime Minister David Cameron urged his successor Theresa May to position Britain as close to the European Union (EU) as possible, in his final weekly question session in parliament. Mr Cameron was due to hand
      REUTERS; PHOTO: REUTERS  -  718 words

  • TRANSPORT
    • 1073 22 AirAsia’s latest US$12.6b purchase of 100 A321neo jets nudges Airbus ahead of arch-rival Boeing in the order tally BLOOMBERG Singapore EARLIER this year over Iranian food in London, Tony Fernandes was discussing the outlines of his most audacious aircraft purchase yet
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,073 words
    • 667 22 BLOOMBERG Tokyo NISSAN Motor Co introduced driv-er-assist features that enable its newest minivan to handle some highway driving on its own, just as a similar system from electric-car maker Tesla Motors Inc comes under scrutiny following a number of crashes. The technology, available in the
      BLOOMBERG; PHOTO: BLOOMBERG  -  667 words
    • 863 22 NYT New York EVEN as federal safety officials step up their investigation of the fatal crash of a driver operating a Tesla car with its Autopilot system engaged, the company continues to defend the self-driving technology as safe when properly used.
      NYT  -  863 words
  • Page 22 Advertisements
    • 22 22 "I'd rather take coffee than compliments just now." Louisa May Alcott, Little Women Grab a copy at all good bookstores and www.stpressbooks.com.sg
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    • 252 22 JIM ROGERS Investment Expert and Author Master Class with JIM ROGERS What to Invest Where is The Golden Hen? 2 Days Left for Early Bird! An Exclusive and Up-Close Session with Jim Rogers Learn from one of the world’s most legendary investor Jim Rogers, on his investing strategies and journey.
      252 words

  • Page 23 Advertisements
    • 908 23 THE BUSINESS TIMES V’-a-'V 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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  • OPINION
    • 670 24 EDITORIAL TO no one’s surprise, the Permanent Court of Arbitration in The Hague has put paid to any assertion that Beijing’s claims in the South China Sea had a legal, or for that matter historical, basis. The tribunal has accepted 14
      670 words
    • 846 24  -  THE BOTTOM LINE By Nick Cunningham OILPRICE.COM THE rig count has rebounded from the lows seen in late May, a small indication that oil companies in the US could begin drilling anew. Shale drilling is a short-cycle prospect, requiring only a
      OILPRICE.COM  -  846 words
    • 1203 24  -  Killing of white police officers bound to energise Mr Trump’s ethno-nationalist agenda By Leon Hadar CIVIL War, screamed the cover of the New York Post, the Murdo-ch-owned tabloid on July 7, in the aftermath of the shooting of 11 police officers
      PHOTO: REUTERS  -  1,203 words
    • 1032 25  -  COMMENTARY By Derwin Pereira TThe writer heads Pereira International, a Singapore-based political consultancy. He is also a member of Harvard University's Belfer Center for Science and International Affairs. THE Permanent Court of Arbitration’s ruling on the South
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    • 1735 25  -  In future, the company should pick only consultants that provide practical advice and write reports that can be understood. understood.BY MAK YUEN TEEN TThe writer is an associate professor in the nus Business School where he teaches corporate governance and ethics. He is a shareholder
      FILE PHOTO  -  1,735 words
    • 172 25  -  LETTER TO THE EDITOR Hoe Shin Koh President and CEO Manulife Financial Advisers (MFA) WE refer to “Tussle for insurance agents, financial advisers intensifying” (BT, July 9) and would like to clarify some points. The article said “MFA has continued to aggressively woo
      172 words
    • 660 25  -  COMMENTARY By Elliot Hentov T The writer is head of policy research, official institutions group, at State Street Global Advisors. This piece is sourced from the official Monetary and Financial Institutions Forum. UNCERTAINTIES about the UK’s political, legal and
      660 words


  • LIFE & CULTURE
    • 764 26 US$1.2b purchase extends Chinese tycoon Wang Jianlin’s movie-theatre empire into Europe BLOOMBERG Los Angeles AMC Entertainment Holdings Inc’s US$1.2 billion purchase of Odeon UCI Cinemas Group extends Chinese billionaire Wang Jianlin’s mov-ie-theatre empire into Europe while leaving open the fate of its deal for the
      BLOOMBERG  -  764 words
    • 594 26 AFP Los Angeles HOLLYWOOD begins the run-up to its annual prize-giving season on Thursday with Game of Thrones tipped once again to dominate the field at the announcement of the television industry’s 2016 Emmy Awards nominations. The Television Academy’s 19,000
      AFP; PHOTO: HBO  -  594 words
    • 466 26 AFP Sao Paulo DESIGNERS Humberto and Fernando Campana improvise and explore in their quest for strange new creations. But their biggest inspiration is on their doorstep: everyday, discarded objects in their colourful and chaotic homeland, Brazil. Armchairs made from rag dolls, stuffed toy
      AFP; PHOTO: AFP  -  466 words
    • 440 26 NYT Paris WITH crowds 10 deep in front of the Mona Lisa, how can a visitor plot an escape within the vast maze of the Louvre? Let the bouncing blue ball on your phone or tablet show you the way. This
      NYT  -  440 words
  • Page 26 Miscellaneous
    • 302 26 CRYPTIC CROSSWORD Across 1 Miner runs out for dog (6) 4 Celebrity and posh guy begin a meal? (5,3) 9 Don’t forget about departing politician (6) 10 Cartographer in vehicle, on schedule coming back (8) 11 One shouting loudly taking in Turin’s original campanile (4,5) 13 Cast the short line
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  • Page 28 Advertisements
    • 121 28 ALL-NEW JAGUAR F-PACE ABOVE ALL, IT’S A JAGUAR. Welcome to Jaguar as you’ve never seen it before. Now you can enjoy the dramatic drive and beauty Jaguar is renowned for, with added practicality. Inspired by F-TYPE, its powerful, muscular looks give the All-new F-PACE a head-turning road presence. And it
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