The Business Times, 20 July 2016

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Microfilm: NL33909
Total Pages: 71
1 12 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 GWednesday, July 20, 2016
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  • Article
    Lock icon DAILY DIGEST
    145 1 When it comes to China’s economy, Deputy Prime Minister Tharman Shanmugaratnam is a “realistic optimist” who thinks that it will neither crash nor grow as it did in the past. TOP STORIES 2 A combination of a hard disk failure and an application that failed to detect the
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  • Article, Illustration
    Lock icon Keppel and CapitaLand groups sweep corporate governance ‘Oscars’
    712 1  -  SINGAPORE CORPORATE AWARDS By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE leading lights of the local business scene clinched top honours on Tuesday evening at the prestigious 11th Singapore Corporate Awards (SCA), which honours Singapore-list-ed companies for excellence in corporate governance. Also known
    PHOTO: YEN MENG JIIN  -  712 words
  • Article
    Lock icon MARKETS
    28 1 Tuesday Change STI 2,919.54 -9.22 KL COMP 1,670.55 -0.29 NIKKEI 225 16,723.31 +225.46 HANG SENG 21,673.20 -129.98 SHENZHEN B 1,138.43 +2.09 DOW (10.45 AM EDT) 18,526.92 -6.13
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  • Article, Illustration
    Lock icon Singapore to KL in 90 minutes: High-speed rail targets 2026 start date
    789 1  -  Singapore and Malaysia will ink legally binding bilateral agreement on the mega-project later this year By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Putrajaya, Malaysia THE first trains for the planned high-speed rail (HSR) linking Singapore and Kuala Lumpur are expected
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  • TOP STORIES
    • Article, Illustration
      Lock icon KL-S'pore High Speed Rail
      51 2 Billed as a game changer, the HSR will reduce the 350km land journey from Singapore to KL to just 90 minutes. BT takes a closer look at this massive joint project that will become a reality by around 2026. BT Infographics BT Graphics: Lee u-Wen, Hyrie
      BT Graphics: Lee u-Wen, Hyrie Rahmat  -  51 words
    • Article, Illustration
      Lock icon PM Lee and Najib: HSR tender process will be fair
      686 2  -  Many countries have offered to share their experience and expertise regarding the project, says PM Najib Razak By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Putrajaya, Malaysia EVEN before the first international tenders are called for the high-speed rail (HSR) linking Singapore and
      PHOTO: MARK CHEONG/THE STRAITS TIMES  -  686 words
    • Article
      Lock icon Tharman optimistic about future of Chinese economy
      626 2  -  FUTURECHINA GLOBAL FORUM 2016 By Chin Yong Chang ycchin@sph.com.sg Singapore DEPUTY Prime Minister Tharman Shanmugaratnam describes himself as a “realistic optimist” where China’s economic future is concerned, in that he believes its economy will not crash although it is not going to grow
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    • Article, Illustration
      Lock icon Correction
      60 2 IN “LAUD Architects Eyeing the world stage” (BT, July 19) there was an error in the photo caption. It should be: (From far left) director Melvin H J Tan, director Jason Bok, managing director Joseph Lau Tse Kit and deputy managing director Ho Tzu Yin at their Award Winning
      FILE PHOTO  -  60 words
    • Article, Illustration
      Lock icon Hard disk and software failure root cause of SGX outage: CEO
      665 4  -  Disruption prolonged due to challenges in orders and trade reconciliation process: CEO By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore A COMBINATION of a hard disk failure and an application that failed to detect the problem was the root cause of
      Source: SGX  -  665 words
    • Article
      Lock icon Deskera to invest S$50m in Singapore data centre
      532 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE-BASED Deskera Holdings will invest S$50 million over the next three years to build a cloud data centre in Singapore. Chief executive Shashank Dixit said the company looked at various factors in choosing the location
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    • Article, Illustration
      Lock icon 68% jump in new cars registered in H1
      679 4  -  Toyota remains top brand and model among authorised distributors; Vezel boosts Honda’s numbers By Samuel Ee samuelee@sph.com.sg Singapore OVER two-thirds more new cars were put on the road in the first half of this year than in the same period last year,
      FILE PHOTO  -  679 words
    • Article, Illustration
      Lock icon Swiber downplays retrenchment talk
      712 5  -  Listed O&M player says just 80 staff leaving the company instead of rumoured 300; it also denies market talk of vessel detained in China By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE-LISTED offshore and marine (O&M) group Swiber Holdings downplayed market talk about an ongoing retrenchment
      FILE PHOTO  -  712 words
    • Article, Illustration
      Lock icon Hong Leong in talks to sell life insurance stakes to Khazanah
      636 5  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur ANALYSTS see a win-win if Hong Leong Financial Group Bhd (HLFG) and Khazanah Nasional successfully conclude talks for Hong Leong’s life insurance business: the Quek Leng Chan-controlled company gets to unlock value for
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      217 2 m@ u Financ non-fina a r\ w A PP uu ACC 0 p u gfo ssionais Thursday, 18 August 2016 InterContinental Hotel Financial information provides the basis of decision-making within a company and is critical for investment and credit decisions. Join us for our upcoming seminar as we share insights
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      205 4 I i PARKROYAL -f SERVICED SUITES parkroyamotels.com j You'll be surprised at how quickly you feel at home At PARKROYAL Serviced Suites, we know how important it is for you to hit the road running and so we make sure you have all the amenities and services necessary to make
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      Lock icon Page 5 Advertisements Column 1
      36 5 L Congratulations to Mr Lim Ee Seng Group CEO, Frasers Centrepoint Limited on being awarded Best Chief Executive Officer Singapore Corporate Awards 2016 (Companies with $1 billion and above in market capitalisation) SINGAPORE CORPORATE AWARDS 2016
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      10 5 Upset over Swiber Holdings’ disclosures or lack of, Page 6
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  • COMPANIES & MARKETS
    • Article
      Lock icon Upset over Swiber Holdings’ disclosures ... or lack of
      775 6  - Upset over Swiber Holdings’ disclosures or lack of HOCK LOCK SIEW BY TAN HWEE HWEE hweetan@sph.com.sg @HweetanBT IF the intent of the underlying tone of Swiber Holdings’ adverse announcements following its July 4 share trading halt was to reassure the market, the offshore and marine group could not have veered
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    • Article
      Lock icon Trek 2000 in the red for FY2015 despite revenue rise
      232 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WEIGHED down by a sharp rise in the cost of goods sold and other expenses, Trek 2000 International sank into the red with a net loss of US$ 6.72 million for FY2015 versus a
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    • Article, Illustration
      Lock icon Wong Fong Industries launches IPO on Catalist board
      559 6  -  Placement of 43m shares at S$0.23 each to expand facilities, for acquisitions By yrenald@sph.com.sg Renald Yeo yrenald@sph.com.sg Singapore AS part of efforts to expand and diversify its business, Wong Fong Industries has launched its initial public offering (IPO) on the Catalist board.
      PHOTO: AZMI ATHNI/THE STRAITS TIMES  -  559 words
    • Article
      Lock icon iFashion acquires Dressabelle for S$7.5m
      274 7  -  By Renald Yeo yrenald@sph.com.sg Singapore IPO aspirant iFashion Group, which aspires to be “South-east Asia’s leading online fashion retailer”, has acquired homegrown online fashion store Dressabelle in what is its largest deal to date. The S$7.5 million deal, paid for by a combination of cash
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    • Article, Illustration
      Lock icon Geo Energy on the cusp of a turnaround?
      920 7  -  Rising Indonesian thermal coal prices could mean a bonanza for the loss-making miner By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore ONE can easily forgive investors of Indonesian coal miner Geo Energy Resources, particularly those who bought its pitch back in 2012 during its
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index July 19,2016 2,919.54 -9.22 (-0.31%) Current streak 1 day Day high 2,931.44 Day low 2,902.41 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 19,2016 449.06 +0.65 (+0.14%) Current streak 1 day Day high 451.48 Day low
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    • Article, Illustration
      Lock icon STI weakens in line with HK, Dow futures
      643 8  -  Index loses 9.22 points with traders noting strong support for Jardine Cycle Carriage, which ended S$1.03 higher STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER having bounced 193 points, or 7.1 per cent, in the 15 trading sessions since the June 23 Brexit
      Source: Bloomberg  -  643 words
    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 249 +1 249/244 253 209 6.2 6566.9 CapitaCom Trust 157 -1 157.5/154 158.5 122.5 5.5 4641.4 CapitaLand 308 -2 311/306 350 267 12.3 2.9 *****.7 CapitaMall Trust 217 -1 218/215 225 184.5
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Annica 243,970,000 Ezra 97,609,700 Noble 78,650,500 Geo Energy Res 70,347,800 ThaiBev 40,871,700 Market volume 1,694,024,000 VALUE Singtel 122,670,286 DBS Grp 71,601,637 SPH 51,265,626 OCBC Bank 40,394,011 ThaiBev 39,869,104 Market value 968,544,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 295 -3 578 298/294 343/254 295/296 IS ASIA HYG US$ US1083 -1 64 1090/1083 1130/977 1082/1095 IS MS INDIA US$ US710 -3 56 715/708 780/575 709/710 88.8 DBXT MSBrazil US$ US357 +6 40 357/356
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 19 VALUE CLOSE BT OB/OS -75.00 -188.00 BT CADI -*****.00 -76.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 685.85 -5.78 FTSE ST Small Cap 390.22 -1.82 FTSE ST All Share 709.14 -2.34 FTSE ST China Top 162.09 -0.96 FTSE ST China 192.48 -0.19 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index July 19,2016 709.14 -2.34 (-0.33%) Current streak 1 day Day high 711.66 Day low 705.86 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index July 18,2016 1,652.81 +2.67 (+0.16%) Current streak 1 day Day high 1,658.45 Day low 1,648.56 52-week high 1,894.42 (July 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 1 0 5 9 3 Manufacturing 31 47 27 12 7 10 43 54 37 Commerce 16 15 12 0 5 5 16 20 17 Tpt/Stor/Comms 7 12 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,714 315 13,029 42,205 59 42,263 Manufacturing 116,461 287,137 403,598 153,380 1,214 154,595 Commerce 109,337 19,866 129,203 62,793 1,010 63,803 Tpt/Stor/Comms 181,520 7,230 188,750 207,896 687 208,583 Finance 18,870 167 19,037 156,683 26 156,708 Construction
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5517 318.9 4.5 5547/4478 Jardine C&C 3700 103.0 2.9 4520/2636 GLD US$ ***** 77.0 0.4 *****/***** Great Eastern 2169 61.0 2.9 2415/1870 Lyxor Europe US$ 1252 32.4 2.0 1496/1150 BY PERCENTAGE CLOSE UP 52w high/low LionGold 0.2 100.0 0.1 2.2/0.1
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4790 -24.3 -0.4 5161/4031 DBXT China50 US$ 2950 -21.6 -0.5 3497/2355 DBXT Vietnam US$ 2513 -20.3 -0.6 2786/2017 Hyflux 6% CPS ***** -16.0 -0.2 *****/***** DBXT MSMSIA US$ 1168 -14.9 -0.9 1234/990 BY PERCENTAGE CLOSE DOWN 52w high/low InnoPac 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Logistics 32.1 0.295 +0.070 +31.11 Atlantic Nav 20.0 0.320 -0.030 -8.57 Pavillon 100.0 0.044 -0.021 -32.31 Shinvest 150.5 0.750 -0.050 -6.25 Elektromotive 7,200.2 0.004 +0.001 +33.33 CFM 30.0 0.030 -0.005 -14.29 AVIC 40.1 0.060 +0.015 +33.33 Pan Hong 151.0 0.178 +0.023 +14.84 Geo Energy Res
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore strategy
        144 8 CIMB Research, July 18 OUR brainstorm attempt across sectors suggests that there could be more misses than beats in this earnings season. DBS could be a potential beat in Q2 2016 with better earnings visibility from treasury activities, active debt capital market and fees from Manulife life bancassurance.
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      • Article
        Lock icon SMRT | Under Review
        134 8 SMRT Under Review Target price: S$1.28 DBS Group Research, July 19 ACCORDING to news reports, Temasek is said to be weighing the option of taking SMRT private. We have just revised down our forecasts and trimmed our recommendation. The potential buyout offer will derail our thesis, which was based on
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      • Article
        Lock icon DeClout Limited | Overweight
        161 8  - DeClout Limited Overweight Compiled by Cai Haoxiang July 19 close: S$0.225 Target price: S$0.34 nra Capital Research, July 19 FOLLOWING the initial public offering of Procurri on the mainboard of the SGX, we are now eyeing the potential harvest of Acclivis as the next catalyst to further unlock value in
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    • Article
      Lock icon CALENDAR
      17 8 DATA I July 20 (4pm) Singapore COE Bidding Results I July 20 US MBA Morgage Applications
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    • Article
      Lock icon A$, NZ$ weaken as investors see easier monetary policy
      469 9 CURRENCIES REUTERS London THE Australian dollar fell more than one percent to an 11 -day low on Tuesday while the New Zealand dollar hit a three-week trough, as investors ramped up bets that both central banks could ease monetary policy as
      REUTERS  -  469 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        208 9 Jul 19 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ezion Holdings W*****4 10.2ce -0.5 ***** 1 50 56 3.77 45 DBS MB eCW*****1 9.1 -0.7 7267 0.1 1620 3 FTSEChinaA50 ***** MBeCW*****8 9.4 5000 0.0 3
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jul 18 Index Change Change Change Change Change Change World Preliminary 1296.3 0.2 1.5 0.3 -2.5 0.2 2.5 EAFE Preliminary 956.7 0.1 -5.6 0.3 -8.4 0.2 -3.7 Europe Preliminary 1366.5 0.1 -3.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        402 9 Jul 19 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9582.50 9627.50 9477.50 9477.50 *****5 *****3 Aug16 9555.00 9612.50 9475.00 9475.00 7802 ***** NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec16 *****.00 *****.00 *****.00 *****.00 10 5949 MSCI TAIWAN
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jul 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 5.017 0.678 5.815 50.348 98.130 0.795 8.546 3.004 1.068 78.598 35.193 1.014 10.737 0.737 24.031 26.250 0.568 0.750 Canada 1.025 5.143
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jul 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0131 1.0140 0.7497 0.7499 Canadian dollar 1.0386 1.0395 0.7688 0.7685 Euro 1.4944 1.4958 1.1058 1.1062 NZ dollar 0.9483 0.9492 0.7017 0.7020 Sterling pound 1.7824 1.7840 1.3189 1.3193
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jul 19 S$ Bid Offer 1-month 1.3514 1.3524 2-months 1.3517 1.3526 3-months 1.3518 1.3528 6-months 1.3523 1.3535 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jul 19 $S Offer Bid 0vernight 0.02 Par 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.52 0.42 1 month 0.55 0.45 2 months 0.70 0.50 3 months 0.80 0.60 6 months 1.10 0.90 9 months 1.30 1.10 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 Jul 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.29 5-Year NX*****X 2.250 01-Jun-21 104.56 104.58 104.54 10-Year NX*****F 2.125 01-Jun-26 104.08 104.20 103.95 15-Year NZ*****F 2.875 01-Sep-30 110.76 20-Year NZ*****V 3.375 01-Sep-33 118.29 118.45 118.36 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jul-18 Price Net change change Last Trade Agricultural Jul-18 CBOT Soybeans (US cents/bu) 1078.25 5.75 0.54% 12/8/2016 CBOT Soybean Oil (US cents/lb) 30.94 0.05 0.16% 12/8/2016 CBOT Wheat (US cents/bu) 429.50 4.75 1.12% 14/09/2016 Jul-18 LIFFE Cocoa (£/tonne) 2470.00 20.00 0.82% 15/09/2016 LIFFE Coffee (US$/tonne) 1805.00 -5.00 -0.28%
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    • Article
      Lock icon Sale of Sydney office building hits Keppel Reit in Q2
      477 10  -  Absence of income contribution leads Reit to post a drop in DPU to 1.61 Singapore cents for the period By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE sale of a Sydney commercial building, 77 King Street, in the first quarter affected
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    • Article
      Lock icon Wilmar warns of US$230m Q2 loss
      351 10  -  Group hit by untimely purchases of raw materials in highly volatile market By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore AGRIBUSINESS heavyweight Wilmar International says it expects to report a net loss of US$230 million (S$311 million) for its fiscal second quarter ended June 30, 2016.
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    • Article
      Lock icon Qian Hu Q2 earnings lifted by tax credit
      442 10  -  By Choo Yun Ting yuntingc@sph.com.sg Singapore NET profit for ornamental fish retailer Qian Hu Corporation rose 25 per cent year-on-year to S$ 15,000 for the second quarter ended June 30, 2016. This was helped by a tax credit of S$49,000, against a
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    • CORPORATE DIGEST
      • Article
        Lock icon Keppel T&T
        109 10 KEPPEL Telecommunications Transportation’s subsidiary Keppel Data Centres Holding has partnered managed security services provider Quann in a strategic collaboration which kicks off in August. The partnership will allow Keppel Data Centres’ customers to benefit from a range of cyber-security solutions provided by Quann, a unit of Certis Cisco.
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      • Article
        Lock icon SPH
        98 10 SPHMBO, the out-of-home media unit of Singapore Press Holdings (SPH), has relaunched a new indoor digital advertising screen at 313@somerset on Tuesday. The original LCD video wall has been replaced by a new LED screen of pitch size 4mm, equipped with high quality sound system, and has a frame
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    • Article
      Lock icon SGX MAINBOARD
      1800 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High 151 127 AIMSAMP Cap Reit 146 +0.5 233 146 145 0.9 7.8 929.2 LOW Div 169.8 101 ARA Asset Mgmt 133 -2 875 136
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    • Article
      Lock icon SGX CATALIST
      315 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld 0.9 0.1 t Advanced Systems 0.2 unch 450 0.2 0.2 5.3 44.5 29.5 t Advancer Global 30 -3.5 5589 33.5 29.5 11.9 52 High LOW Company
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    • Article
      Lock icon SGX ETF
      111 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1290 991 CIMBASEAN40 S$D 1178 +16 0 1178 1178 941 700 CIMBASEAN40 US$ US872 +8 0 872 872 136.8 3497 2355 DBXT China50 US$ US2950 -16 4 2964
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      Lock icon Page 6 Advertisements Column 1
      32 6 HEARTIEST CONGRATULATIONS to MRLIMEE SENG GROUP CEO OF FRASERS CENTREPOINT LIMITED FOR WINNING THE BEST CEO AWARD at the SINGAPORE CORPORATE AWARDS 2016 Best Wishes from LINCOTRADE&ASSOCIATESPTELTD HitachiInfrastructureSystems(Asia)Pte.Ltd. OES CONSTRUCTION PTE LTD
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      71 7 Congratulations m r u-v ±*m A s. f 3 Photography courtesy of Rob Henderson Mr Loh Kai Keong, Executive Director Group Chief Financial Officer, Boustead Singapore Limited on being awarded the Best Chief Financial Officer Companies with $300 million to $1 billion in market capitalisation at the Singapore Corporate Awards
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      Lock icon Page 7 Advertisements Column 2
      428 7 PICTET Pictet-Absl Rtn Fxd Inc-HP EUR Pictet-Asian Equities Ex Japan-P USD Pictet-Asian Local Currency Debt-P USD Pictet-Biotech-P USD Pictet-Clean Energy-P USD Pictet-Digital Communication-P USD Pictet-Em Lcl Ccy Dbt-P USD Pictet-Emerging Europe-P EUR Pictet-Emerging Markets-P USD Pictet-EUR Bonds-P Pictet-EUR Corporate Bonds-P Pictet-EUR Government Bonds-P Pictet-EUR High Yield-P Pictet-EUR Short Mid-Term Bonds-P
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      70 10 Learn Mandarin Without Stress! newstalk.zaobao.sg keywords in hanyu pinyin and English See 掌 Explanation: mastery; grasp Build Listen as you read Record your reading for a real-time evaluation of pronunciation and fluency your own dictionary Try out this Chinese language e-learning tool today. Three different introductory plans* available. Subscribe NOW!
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon China needs new growth driver as urbanisation is reaching its limit
      851 12  -  Demographic and economic changes are setting the country’s new urban settlements up for problems By Adam Minter BLOOMBERG Shanghai THE skylines of some of China’s biggest cities sprout from land that was farmed less than a generation ago. For
      BLOOMBERG; PHOTO: AFP  -  851 words
    • Article, Illustration
      Lock icon Pre-sales of London homes down 34% on Brexit woes
      270 12 BLOOMBERG London SALES of London homes under construction slumped 34 per cent in the second quarter as the prospect of a vote to leave the European Union damped demand already hurt by higher taxes. The number of residences sold before completion
      BLOOMBERG; PHOTO: BLOOMBERG  -  270 words
    • Article
      Lock icon NZ central bank restricts borrowing for property
      373 12 BLOOMBERG Wellington NEW Zealand’s central bank is moving to quell the country’s housing boom by restricting the amount of money that property investors can borrow, paving the way for another cut in interest rates. The Reserve Bank (RBNZ) will require investors across New
      BLOOMBERG  -  373 words
    • Article
      Lock icon Surbana Jurong to set up Sri Lanka consultancy
      216 12 Singapore SURBANA Jurong has signed a memorandum of understanding (MOU) with Sri Lanka’s investment promotion agency to set up a technical consultancy services company. The consultancy will provide professional services, such as feasibility studies, project management, and project implementation for urbanisation and
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    • Article
      Lock icon Hampton home sales, prices down on share market jitters
      318 12 REUTERS New York OVERALL sales plunged by about half and home prices fell sharply in the second quarter in the toniest enclaves of the Hamptons, New York’s weekend haunt for the wealthy, as stock market jitters earlier in the year damped
      REUTERS  -  318 words
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      268 12 For Sale By Tender i n *°*»o«* •111 i mum For a copy of the Tender Documents, kindly procure from: 18 Ah Hood Road Level 8, ERA Zhongshan Park, Singapore *****3 Tender Closing Date: Wednesday, 19th August 2016 3pm ADDRESS OF PROPERTY: No. 7 Kung Chong Road Singapore *****4 LEGAL
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      14 12 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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      1340 13 A Special Feature Brought to You By Singapore Management University Retrieving data in an encrypted world Professor Pang Hwee Hwa, the new dean of SMU School of Information Systems, is tackling one of the thorniest problems in data security “Going forward, my research will centre on building a secure cloud
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  • BANKING & FINANCE
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      169 14 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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      57 14 SINGAPORE QUALIFIERS 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 COUNTRY
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      21 14 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company’s financial performance through The Straits Times Notices. 14/myj jun
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Bayer sweetens its offer for Monsanto to US$125 a share
      607 15 Increased bid is a 21 per cent premium to last Friday’s close of US$103.45 BLOOMBERG Chicago JUST six months ago, Monsanto Co, the world’s largest seed company, was still painting itself as a predator, saying that it would continue to
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      Lock icon Traders lose millions as LPG glut shocks market
      493 15 REUTERS Beijing TRADERS in the liquefied petroleum gas (LPG) market face a “careerruining” glut that has led to millions of dollars in losses as Chinese buyers, far from coming to the rescue, are in a stand-off with oil companies to cancel deals.
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      Lock icon Massive inventory hangover seen hurting oil market ahead
      527 15 REUTERS London THIS has not been the summer many oil traders had expected after last year’s bumper profits. Banking on more of the same, the world’s refineries have churned out more diesel, petrol and jet fuel than eager drivers and holiday makers
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  • TECHNOLOGY
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      Lock icon Yahoo reports dull results as sale of search business looms
      619 16 Earnings of nine US cents per share fall short of analysts’ expectations; Tumblr writedown at US$482 million REUTERS New York YAHOO Inc’s quarterly earnings fell short of Wall Street expectations on Monday in what may be the company’s last financial
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      Lock icon SoftBank’s Son makes biggest bet in long career backing tech
      480 16 BLOOMBERG Tokyo MASAYOSHI Son forged a career out of betting early on some of the pivotal technology trends of his time. Now he’s made the biggest gamble of his life on a nascent concept known as the Internet of Things.
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      Lock icon New flexible memory device developed by NUS
      455 16  -  By Gladys Yeo gladyeo@sph.com.sg Singapore EVER face the problem where your phone is too large to fit into the pocket of your newly-purchased skinny jeans? Or when your laptop is too bulky to fit into your new handbag? A research team led by
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      253 16 gfti rewards i re Q Q 3 j e C r> i rm w\me)iam rcj pw?rrr •Blf III SIR MIS I IMIS Tw-;i zsa 4m R.rgi 188 s?< C '..H £1* Discover more exclusive perks and exciting deals at www.sphrewards.com.sg THE STRAITS TIMES LIANHE ZAOBAO THE BUSINESS TIMES BERITA HARIAN
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  • CONSUMER
    • Article, Illustration
      Lock icon Investor presses Nintendo for strategy change
      568 17 Mobile game Pokemon Go’s success has shown the potential for augmented reality REUTERS Tokyo THE phenomenal success of Pokemon Go and the surge in Nintendo Co’s market value by US$ 17 billion in just over a week has been seized upon by one of
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      Lock icon Samsung Bioepis seeks Europe’s nod for its Humira drug copy
      266 17 REUTERS Seoul BIOSIMILARS maker Samsung Bioepis, part of South Korea’s top family-run conglomerate Samsung Group, said on Monday it is seeking regulatory approval in Europe to sell its copy of AbbVie Inc’s rheumatoid arthritis drug Humira. Samsung Bioepis said that
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    • Article
      Lock icon Consumption continues to shrink as Russians forego food, medicine
      685 17 BLOOMBERG Moscow WITH stores from near the Arctic to the foothills of the Caucasus Mountains, Magnit PJSC would be the first to know when the Russian consumer is back. Instead, the nation’s largest supermarket chain has just come across something it’s
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      1687 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CHINA SPORTS INTERNATIONAL LIMITED (Incorporated in Bermuda) (Company Registration No.: *****) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of China Sports International Limited (the “Company”) will be held at Singapore Swimming
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      241 17 Final Notice of Dissolution under the BVI Business Company Act, 2004. MONTESQUIEU LTD. (In Voluntary Liquidation) Company No. *****70 NOTICE is hereby given pursuant to Section 208, subsection 3 of the BVI Business Companies Act, 2004 that the Company was dissolved and struck off the Register of Companies with effect
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  • GOVERNMENT & ECONOMY
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      Lock icon IMF downgrades global outlook on Brexit vote
      801 18  -  While financial markets have stabilised post-referendum, the impact on the global “real economy” has yet to show By Anthony Rowley btworld@sph.com.sg Tokyo BREXIT has “thrown a spanner in the works” of an already fragile global economic recovery with consequences that are hard to
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      Lock icon China working on new office to lure overseas talent
      578 18 BLOOMBERG Beijing CHINA is setting up its first immigration office, according to people with knowledge of the plans, as President Xi Jinping seeks overseas talent to help drive the transition of an economy led by consumer spending and innovation. Public Security
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    • Article
      Lock icon Philippine top court dismisses graft case against Arroyo
      233 18 AFP Manila THE Philippine Supreme Court on Tuesday threw out a long-running corruption case against jailed former president Gloria Arroyo and ordered her immediate release after almost five years in detention. The 69-year-old, who was in office from 2001 to 2010, could
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      Lock icon China eases rules for foreign firms in FTZs
      317 18 REUTERS Shanghai CHINA will relax restrictions on foreign enterprises investing in its fledgling free trade zones (FTZs) in a bid to attract more overseas capital, the country’s Cabinet said on Tuesday. The government will temporarily replace an unwieldy approval mechanism with a
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      Lock icon Indonesia’s most wanted Islamist militant killed: police
      548 18 AFP Jakarta INDONESIA’S most wanted Muslim extremist has been killed in a firefight with troops, police said on Tuesday, ending a years-long hunt for the Islamic State (IS) group supporter. Santoso, the leader of the Eastern Indonesia Mujahideen, was shot dead on Monday
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    • Article
      Lock icon Exodus of professional workers reshaping Qatar
      900 19 Layoffs may weigh on economy as businesses compete for custom of dwindling middle class REUTERS Doha FIVE years ago, Samer Habib left the United Arab Emirates (UAE) and moved to Qatar where he opened a restaurant that turned a profit serving Lebanese salads and
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      Lock icon Philippines rejects China’s terms for South China Sea talks
      573 19 Beijing asked Manila to disregard UN-backed tribunal ruling on the issue AFP Manila THE Philippines rejected China’s request for talks on their South China Sea dispute because it asked Manila to “disregard” a court ruling on the issue, the foreign minister
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      50 18 comex SINGAPORE’S BIGGEST I.T. AND CONSUMER ELECTRONICS EXHIBITION BOOK YOUR SPACE! jjl SELL YOUR TECH PRODUCTS 8 SERVICES TO THOUSANDS OF CONSUMERS DIRECTLY 8-11 SEP 2016 SUNTEC SINGAPORE 1-3,486 TRADE-IN STAR BUYS-GAMEX RESERVE YOUR BOOTH] Tel: 6747 4620 El sales@exhibitsinc.com.sg www.comexshow.com.sg n ComexITShow ORGANISED BY: Exhibits Inc A SUBSIDIARY Of
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      59 18 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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      97 19 A T~ 4 °«0i», otvm Thl* AMK L,o s P f f ‘Yani co P Stops I k> newsmi ARTICLE SEARCH BUY SERVICES Buy an SPH newspaper or online article about yourself, your family or friends, for the purpose of keepsake is easy and fuss-free with the NewsMine service. Find
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  • TRANSPORT
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      Lock icon Going for gas
      821 20  -  STRAIT TALK BY DAVID HUGHES LAST week, 14 big names in the shipping sector met in London to to accelerate the use of liquefied natural gas (LNG) as a marine fuel. Carnival Corporation, DNV GL, Engie, ENN, GE, GTT, Lloyd’s Register, Mitsubishi Corporation, NYK Line, Port of
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    • Article
      Lock icon EPA study backs calls to stay the course on US fuel economy targets
      843 20 WP Washington A HIGHLY anticipated report by US regulators buttresses calls for staying the course on fuel economy targets that carmakers say are unworkable and want eased. Based on current trends, the average car would get between
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      Lock icon Honda audit finds Takata engineers manipulated air-bag data
      712 20 BLOOMBERG Tokyo TAKATA Corp, the air-bag supplier behind the industry’s largest ever recall, routinely manipulated results of air-bag inflator tests reported to Honda Motor Co, according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed
      BLOOMBERG; PHOTO: REUTERS  -  712 words
    • Article
      Lock icon Fiat Chrysler under US Justice Dept fraud probe
      267 20 BLOOMBERG Washington FIAT Chrysler Automobiles NV is under investigation by the US Justice Department for fraud, according to people familiar with the matter. Prosecutors are scrutinising whether the carmaker violated US securities laws, they said. The inquiry is in early stages, according
      BLOOMBERG  -  267 words
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      44 20 “Is China’s success now clearing the way for India to take flight, too? This is but one of the tantalizing possibilities Ravi Velloor puts forward in his new book.” WILLIAM PESEK executive editor, Barron’s Asia Now on sale at all major bookstores and www.stpressbooks.com.sg
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      56 20 J U L 1 6 29F R I D A Y SPH News Centre 9.30am to 6.00pm CAGE THE RAGE! ANGER MANAGEMENT Trainer Michael Lum Early Bird by 24 Jul $489 Price From 25 Jul $589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our
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      1916 21 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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      244 21 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 256 BST008 21/07/2016 22/07/2016 Buatan/Buatan DAILY Marco Polo 258 TTS031 21/07/2016 22/07/2016 Tebing Tinggi/Jambi DAILY Marco
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  • OPINION
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      Lock icon A divided America, an anxious world: a turn in the history of US elections
      562 22 EDITORIAL FOR much of the post-World War II period, American presidential elections were seen as a civilised and spirited contest between representatives of the Democratic and Republican parties, the country’s two major political forces. American voters
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      Lock icon Finding balance where none exists
      849 22  -  THE BOTTOM LINE By Paul Krugman NYT WHEN Donald Trump began his run for the White House, many people treated it as a joke. Nothing that he has done or said since makes him look better. On the contrary, his policy ignorance has become even
      NYT  -  849 words
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      Lock icon Xi’s China Dream may be hoisted by its own petard
      1321 22  -  With its hard line on the South China Sea verdict, Beijing has painted itself into a corner while increasing the chance of conflict with its neighbours. BY NAYAN CHANDA neighbours.BY NAYAN CHANDA T The writer is the author of Bound
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    • Article
      Lock icon All eyes on Trump’s vision for USA at GOP convention
      1039 23  -  COMMENTARY By Andrew Hammond T The writer was formerly chief US analyst at Oxford Analytica. He is an associate at lse ideas (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics. This week’s Republican presidential
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      Lock icon Pressure on military research bound to increase in Japan
      810 23  -  COMMENTARY By Anthony Rowley JAPAN’S former ministry of international trade and industry was known as Mighty Miti in the days when it forged an industrial policy for an emerging “Japan Inc”. Miti is no more and its successor, Meti (Ministry of
      810 words
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      Lock icon Brexit a symptom of how global business has been operating
      991 23  -  The pursuit of economic efficiency for maximum profit has led to voting revolt in many an election. BY LAWRENCE LOH election.BY LAWRENCE LOH T The writer is director of Centre for Governance, Institutions and Organisations at NUS Business School, National
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  • LIFE & CULTURE
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      Lock icon Bar Russia from Rio Games: officials
      1368 24 Call comes after report confirms whistleblower’s claims of government-ordered cheating at the 2014 Sochi Olympics NYT Toronto THE world’s leading an-ti-doping officials on Monday called for Russia to be barred from this summer’s Rio Games after a damning report confirmed a Russian whistleblower’s claims
      NYT; PHOTOS: AFP; NYT  -  1,368 words
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      Lock icon US farmers hit the sweet potato spot
      610 24 BLOOMBERG Chicago THE once lowly sweet potato is being reborn as a kind of hip, orange super food. Gone are the days when the only time that Americans encountered the tuber was mashed up and topped with marshmallows alongside a Thanksgiving turkey. Today,
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    • Article
      Lock icon Soaring temperatures to cost US$2t globally
      556 24 BLOOMBERG London SEARING temperatures caused by climate change may cost global economies more than US$2 trillion by 2030, restricting working hours in some of the poorest parts of the world, according to United Nations research. As many as 43 countries, especially those in Asia,
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  • Page 24 Miscellaneous
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      307 24 CRYPTIC CROSSWORD Across 1 A word of twenty-six letters (8) 6 Release will be subtle with later time (6) 9 Trapped and dismissed as a batsman (6) 10 Head initially greatly put out by state of apathy (8) 11 Boss organised Conservative bid for sympathy (3,5) 12 Jabbing petty officer
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      373 25 SINGAPORE QUALIFIERS presented by dealA really attractive Report by DAVID LEE avi lee@sph.com.sg She didn’t need a second invitation to sign up for the SPH Golf Singapore qualifiers of the World Amateur Golf Championships, presented by Centurion. Human resource and admin manager Jean Chan, a stylish 10-handicapper in her 50s
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  • EXECUTIVE MONEY
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      Lock icon Asian equities shine post-Brexit
      996 25  -  All Asian equity markets have risen since one-day sell-off, pushing the MSCI AC Asia ex-Japan index up by 4% over 2 weeks ending July 15. MONEY MATTERS BY HUE LU T The writer is senior investment specialist at BNP Paribas investment Partners THOSE not closely following
      Sources: CEIC, J.P. Morgan Economics, Bloomberg, 26 June 2016, BNPP IP (Asia), 2016, BIS, BNP Paribas Securities research, June 2016  -  996 words
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      Lock icon Emerging markets still worth a look
      1342 26  -  One-third of world GDP is being driven by emerging-market economies, and a globally diversified portfolio should have exposure to them. them.BY TIM GRAY NYT OVER the last five years, investors in emerg-ing-markets mutual funds have paid plenty and gotten little in return. Emerging-markets funds
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      98 26 CELEBRATING To mark the occasion, we'll give you $288 7 when you open an account with us. How's that for a celebration? Find out more at IG.com.sg/ig10 or call us on +65 6390 5118 34 \U XL H. ‘-A/ Losses can exceed deposits IG.com.sg/ig10 i I ,l r 1 ill
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  • THE BUSINESS TIMES WHO’S WHO IN PRIVATE BANKING
    • Article
      Lock icon Staying the course in choppy waters
      2905 1 Roundtable participants: I Bassam Salem, Chief Executive Officer, citi Private Bank, Asia Pacific I Tan Su Shan, Group Head of Consumer Banking Wealth Management, DBS Bank I Ong Yeng Fang, Managing Director and Head of UOB Private Bank I Francesco de Ferrari, Head of
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      Lock icon Transforming private wealth management
      1029 2  -  What is important is that the industry is able to innovate the way it fundamentally operates and that’s still more about how we develop systems and processes to better understand people. BY NEAL CROSS people.BY NEAL CROSS TThe writer is chief innovation officer, DBS Bank WHILE
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      Lock icon A global diversification strategy is key
      904 2  -  By Mark McFarland TThe writer is chief economist Asia, Union Bancaire Privée (UBP) THE collapse in oil prices in mid-2014 was supposed to usher in a period of rapid growth and better investment returns. The outcome, unfortunately, hasn’t been quite as planned. While there
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      Lock icon Asia’s wealthy should look towards lifestyle preservation
      1115 2  -  By August Hatecke T The writer is head of UBS Wealth Management South-east Asia WHILE Asia remains the global engine for wealth creation, many of the region’s wealthy are insufficiently prepared for a retirement that is likely to last significantly longer than that
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      Lock icon Breaking out of the global doldrums
      1043 3  -  Proactive fiscal policy and reform which target raising productivity and boosting workforce population may work. work.BY PRASHANT BHAYANI TThe writer is chief investment officer, Asia bnp Paribas wealth Management WHY is the world experiencing perpetually falling bond yields? Globally there are now more than
      Source: BNP Paribas Wealth Management; Sources: Thomson Reuters Datastream, BNP Paribas Wealth Management  -  1,043 words
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      Lock icon Opportunities amid market dislocations
      912 3  -  By Neo Teng Hwee T The writer is managing director, chief investment officer and head of investment products and solutions, UOB Private Bank THE United Kingdom’s (UK) referendum which saw the vote going in favour of leaving the European Union (EU), marked the beginning of an
      912 words
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      Lock icon China and United States – economic titans must learn to coexist
      904 3  - China and United States economic titans must learn to coexist By Tuan Huynh TThe writer is regional head of portfolio management, Asia Pacific, Deutsche Bank Wealth Management WE all like to be first. So perhaps undue attention has been given to the question of when the Chinese economy will overtake
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      Lock icon Don’t miss exciting FX opportunities
      875 4  -  Those who choose not to invest in this market lock themselves out of trades that have the potential to be very profitable. BY SHAFALI SACHDEV BY SHAFALI SACHDEV T The writer is managing director, head, FX and structured FICC, Citi Private Bank IF you’ve ever
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      Lock icon Be adaptable, agile for investing success
      1248 4  -  By Alexis Calla T The writer is global head of investment, advisory and strategy, at Standard Chartered’s wealth management unit AS savers and investors, most of us concern ourselves with the short term. And these days, the short-term concerns have been keeping us quite
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      Lock icon Look with an open mind beyond consensus forecasts
      1156 4  -  By Didier Duret TThe writer is chief investment officer, ABN Amro Private Banking. THE political changes in major economies will represent defining moments for the rest of 2016 and 2017. Volatility and investment opportunities, however, may come not from the events themselves,
      Source: ABN AMRO Group Economics Research  -  1,156 words
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      Lock icon Trend of M&As, privatisation to continue
      1131 5  -  Confident entrepreneurs, corporate owners taking advantage of uncertainties in macro environment to adjust capital allocation strategies. BY PANKAJ GOEL, BERNARD HENG TPankaj Goel, co-head of Southeast Asia and Head of Southeast Asia M&A, Investment Banking and Capital Markets, Asia Pacific, Credit Suisse TBernard Heng,
      PHOTO: AFP  -  1,131 words
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      Lock icon More defensive allocation as political risks rise
      1429 5  -  By Sean Quek TThe writer is head of equity research, Bank of Singapore EVEN though we started 2016 with a view that markets were likely to trade in a broad range with higher volatility as the Fed normalises policy, we were surprised by
      PHOTO: AFP; Sources: Bloomberg, MSCI, Bank of Singapore  -  1,429 words
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      92 1 CONTENTS Transforming private wealth management Page 2 Breaking out of the global doldrums Page 3 Don’t miss exciting FX opportunities Page 4 Trend of M&As, privatisation to continue Page 5 ?v Singapore, our home. felOB Private Bank Wealth Brief /U/aBHSUl \J AWARDS 2016 3' -a it,- WiiSF t Ik t
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      1143 6 Keep Calm and Invest On “The greatest fear in life is not of death, but unsolicited change,” an author once wrote. The tumultuous start to the year had sowed much fear in investors. After a rocky first quarter, there has since been a strong recovery in risk assets. But the
      1,143 words
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      1208 7 Investing in people to serve multi-generations Private banks today face numerous challenges, from increased financial market volatility to changing regulatory requirements. Among these, the more critical challenge is the ability to hire and retain quality private bankers. The challenge is even tougher as Asia is seeing a shift in demographics
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      753 8 The CHANGING FACES °f WEALTH Building on momentum, Asia becomes the world's largest HNWI market Asia has emerged as leader in global HNWI growth, overtaking North America for the first time. The region's growth in ultra-HNWI wealth and population also outpaced the rest of the world, with an increasing number
      753 words
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      655 9 During an age when technology can help you to spot and execute on opportunities faster and information is ever abundant, our two centuries of banking experience tells us that clients seek insights over information and strive for simplicity when managing their lives and their wealth. Though technological innovation can provide
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      724 10 Credit Suisse aims to be the Trusted Entrepreneurs’ Bank in Asia Pacific, and a key destination for talent. Entrepreneurs’ personal lives are tightly intertwined with their businesses, we offer integrated services to help them in both dimensions. Meeting the needs of entrepreneurs for over 160 Years Throughout its history, Credit
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      977 11 /ze/vACJU GouJoiwj iCjl y? p 0u*jL A u Orv^d Growing from strength to strength Innovative business model Digital at the core of growth Over the last few years, DBS Private Bank has grown to become the sixth largest wealth manager in Asia Pacific. According to an April 2016 ranking released
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      603 12 Deutsche Bank Wealth Management -yourtrusted partner Clients are at the centre of Deutsche Bank Wealth Management. That's why the organisation's driving principle is to provide clients with seamless access to all the support they need from one single source. "Our Asian clients are primarily entrepreneurs and business owners, and typically
      603 words
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      934 13 Major investments to serve clients and staff Drawn to Standard Chartered Bank last December, Global Head of Private Banking Wealth Management, Didier von Daeniken, outlines the priorities he has embarked on, including market expansion, talent management as well as key investments. Client focus is at the beginning, middle and end
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      408 14 the drive you demand THRIVING AMIDST AN INDUSTRY SHAKE-UP This changing landscape has provided UBP with the opportunity to attract clients who are looking for a bank with both capacity attracted by the UBP proposition and because their relationship Asset management expertise UBP has a distinguished track record of private
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      726 15 PRIVATE BANK A journey of transformation Re-invigorating its business and people (JOB Private Bank is committed to managing the wealth of its ultra-high-net-worth clients, and preserving their wealth for generations to come. It offers dedicated advisory and customised solutions that draw on the Bank's full suite of personal, business and
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      808 16 Building a legacy: From passion to impact At the UBS Philanthropy Forum Asia 2016, eminent philanthropists, investors and business families convened in Singapore to share best practices, exchange ideas and examine how a sustainable impact can be created for future generations. r: For UBS, it is a question of providing
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  • THE BUSINESS TIMES SINGAPORE CORPORATE AWARDS 2016
    • Article, Illustration
      Lock icon Finding the right balance
      246 1  -  Change is not easy. Yet the costs of not changing can be worse, say winners of this year’s Singapore Corporate Awards, who add that good corporate governance lies at the core of navigating transformation well. MELISSA TAN olatility, uncertainty, complexity, ambiguity. In a landscape where these
      PHOTO: YEN MENG JIIN  -  246 words
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      Lock icon Steering OCBC through a complex world
      1094 2  -  The bank, which won gold for Best Managed Board (Large-Cap), is also looking long-term at its ability to offer empathy to clients struggling in a volatile environment. BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT IN today’s complex environment, the company’s board must embrace a culture of
      1,094 words
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      Lock icon Singtel convinced to stay the course
      1121 4  -  Transformation in the face of disruption is essential to excel over the long term, says Simon Israel, chairman of the telecoms firm, which won gold for Best Managed Board (Large-Cap). BY MELISSA TAN (Large-Cap).BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT OSTENSIBLY, Simon I s ra e
      1,121 words
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      Lock icon Setting FCL on a long-term growth path
      1543 6  -  FCL’s chief, winner of the Best CEO (Large-Cap) award, has laid the foundation for depth and breadth in the group’s businesses. businesses.BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT FRASERS Centrepoint Limited (FCL) chief executive Lim Ee Seng was handed a tall order to double the
      crowd. PHOTO: ARTHUR LEE  -  1,543 words
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      Lock icon FCL CEO adept at tackling property market challenges
      839 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT WHETHER it is steering the company through the cycles of the Singapore residential market or navigating the tough terrain in overseas markets, Frasers Centrepoint Limited (FCL) CEO Lim Ee Seng has demonstrated his dexterity in managing risks
      839 words
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      Lock icon The yin and yang of corporate governance
      1090 8  -  Chairman of GLP, winner of Best Managed Board (Large-Cap, Bronze), says corporate governance is about setting a framework for managers to work within. BY CAI HAOXIANG within.BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT ASKED about his philosophy of corporate governance, Global Logistic Properties (GLP) non-ex-ecutive
      1,090 words
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      Lock icon Sports and business are largely intertwined
      702 10  -  This year’s Best Mid-Cap CEO, Tuan Sing’s William Liem, says sports has been a major influencing factor in his business and life. BY J LOSSINI BY J LOSSINI jlossini@sph.com.sg PROJECTING a shy and down to earth demeanour while seated across the table at the
      PHOTO: AIDAN LOO  -  702 words
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      Lock icon Centurion thrives on the human touch, says CEO
      617 10  -  By Tan Hwee Hwee hweeta n@sph. com .sg @HweetanBT PEOPLE management is core to Centurion Corporation’s corporate governance, chief executive officer Kong Chee Min said, because the listed company’s accommodation business boils down to servicing foreign workers and students, two vulnerable groups
      PHOTO: AIDAN LOO  -  617 words
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      Lock icon WHAT MAKES AN EFFECTIVE BOARD
      2755 12 Roundtable participants: I Melvyn Pun, chief executive officer executive director, Yoma Strategic Holdings Limited I Lee Sze Leong, managing director chief executive officer, Sing Investments Finance Limited I Neo Boon Siong, independent director, Keppel Telecommunications Transportation Limited I Sumitri Menon, chairman, Micro-Mechanics (Holdings) Limited I
      2,755 words
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      Lock icon CFOs have to be on top of rapid changes
      884 14 Three execs who won the Best CFO awards talk about current challenges and new requirements such as sustainability reporting Roundtable participants: ITony Mallek, CFO, Singapore Press Holdings; ILoh Kai Keong, executive director and group CFO, Boustead Singapore; ITan Kah Ghee, CFO,
      884 words
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      Lock icon Accountants play a vital role in money laundering war
      1274 14  -  By Kang Wai Geat T The writer is assistant director of technical advisory and professional standards, and learning and development at the Institute of Singapore Chartered Accountants. RECENTLY, the Monetary Authority of Singapore (MAS) closed down BSI Bank as a result
      1,274 words
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      Lock icon A strong business case for sustainability
      893 16  -  he CEO of CDL, which won the Special Recognition Award, says demand for corporate accountability will intensify. BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE question should not be how much City Developments (CDL) has invested in its corporate stewardship and environmental, social and corporate governance
      FILE PHOTO  -  893 words
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      Lock icon Communication and transparency are vital
      584 17  -  Companies should share timely, quality information, say two winners of the Best Investor Relations awards. BY NUR SABRINA AZMI awards.BY NUR SABRINA AZMI nsazmi@sph.com.sg INVESTORS in Singapore are getting more vocal and real estate investment trusts (Reits) are adjusting their communication strategies to meet the
      584 words
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      Lock icon Digital disruption is here
      837 17  -  By Robert Chew T The writer is a member of the governing council of the Singapore Institute of Directors. AT Cisco’s 2015 customer conference, its then-CEO John Chambers told the 25,000 attendees that “40 per cent of the businesses in this room, unfortunately, will not exist
      837 words
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      107 1 Inside Steering OCBC through a complex world 2 Singtel convinced to stay the course 4 Setting FCL on a long-term growth path 6-7 The yin and yang of corporate governance 8 What makes an effective board 12-13 A strong business case for sustainability 16 KEONG HONG HOLDINGS LIMITED Fortifying Our
      107 words
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      45 2 JMMB® JUMBO Group Limited is honoured to be conferred the MERIT AWARD FOR BEST INVESTOR RELATIONS (First-Year Listed Companies) under the Singapore Corporate Awards 2016 JUMBO Group of Restaurants mm Nf i; i it* > t jw JCafe JMMf3(D m SEAFOOD Bonding people through food www.jumbogroup.sg
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      136 3 A r FRASERS CENTREPOINT A r FRASERS HOSPITALITY TRUST Committed to Excellence The Frasers Centrepoint group is bound by a clear vison to be our stakeholders' real estate company of choice and we remain committed in our pursuit of excellence. We are honoured that both Frasers Centrepoint Limited and Frasers
      136 words
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      118 4 SINGAPORE CORPORATE AWARDS 2016 Keppel Corporation Limited Best Annual Report Bronze Market capitalisation of $1 billion and above Keppel Telecommunications Transportation Ltd Best Investor Relations Gold Best Annual Report Gold Best Managed Board Silver Market capitalisation of $300 million to less than $1 billion Keppel REIT Management Limited Best Annual
      118 words
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      164 6 Three wins in a row. All because of you. I Best Investor Relations 2010 GOLD Best Investor Relations 2013 GOLD Best Investor Relations 2016 GOLD K .A Every year, Gold awards are conferred upon exemplary companies at the Singapore Corporate Awards. We're both honoured and humbled to have clinched three
      164 words
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      214 7 ta "5 H '•l* L S irv j —i •P AI E T» ■AWH» u ■j bii >•# »> m •j ‘e ■it- >!■ '51 >l> T* *.in» F -O TP t te>7 7 J 1 7 •i.j7 r l u> 71 w 7 E '7 7 J IT* ■7
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      136 8 Singapore Corporate Awards J ORE TATE ARDS /A Best Investor Relations SILVER AWARD for companies less than S$boo million in market capitalisation THE FUTURE. Nam Cheong, a leading global marine group brings you our latest line of precision-engineered ships; the PSV NCP4000E and the AHTS NCA80E. Built with state-of-the-art technologies,
      136 words
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      108 10 m 9 rvu bets GLP Beiiun III, Ningbo, Eastern China REDEFINING LOGISTICS GLP is a fund manager, developer and owner-operator of modern logistics facilities. The Company owns and manages a global portfolio of 560 million square feet, with dominant market positions in China, Japan, US and Brazil. GLP is one
      108 words
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      173 10 Soaring Into The Next Era 25 years of Engineering Excellence TEE International is honoured to be a recipient of the Singapore Corporate Awards 2016 in the category of: Best Annual Report (Bronze) Companies with less than $300 million in market capitalization TEE International has evolved into a leading integrated Engineering,
      173 words
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      51 12 At the Singapore Corporate Awards 2016, Del Monte Pacific Ltd is once again honoured to be recognised among the best. Best Annual Report (Bronze) Market capitalisation of $300 million to less than $1 billion Cj to i chicken broth i*¥t‘ Tidbit? Cj I U M www.delmontepacific.comwww.swpremiumfood.comwww.collegeinn.comwww.contadina.com Nourishing families. Enriching lives.
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      105 13 a-reih Ascendas REIT SILVER AWARD A sincere thank you to all our Unitholders for your continuous support. The Board, the management and the employees of A-REIT consistently embrace and practice good corporate governance and transparency. We will strive to further improve on our disclosure standards and practices. Singapore Corporate Awards
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      150 14 BMLOKP HOLDINGS LIMITED W £«IK«llfil SINGAPORE CORPORATE AWARDS 2016 Singapore Corporate Awards S YEARS ANNIVERSARY 1966 2016 Best Annual Report (Gold) for Companies with less than $300 million in market capitalisation CL Walk2Ride Programme Cycling Track at Ang Mo Kio Our Corporate Profile We are a leading home-grown infrastructure and
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      372 15 Singapore Corporate Awards 2016 Congratulationsto all our winners who ch mpioned corp rate governance Special Recognition Award City Developments Limited best managed board award Market Cap of $1b and above Market Cap of $300m and less than $1b Gold Yoma Strategic Holdings Limited Gold Singapore Telecommunications Limited Gold Oversea-Chinese Banking
      372 words
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      53 16 Heartiest Congratulations to Mr Tony Mallek Chief Financial Officer Singapore Press Holdings Limited on being conferred the Best Chief Financial Officer Award Companies with $1 billion and above in market capitalisation) at Singapore Corporate Awards 2016 From the Chairman, Directors, Management and Staff of Singapore Press Holdings Limited Singapore Corporate
      53 words
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      103 16 Developing Strong Chemistry Worldwide MegaChem is proud to be honoured in two award categories (for companies with less than $300 million in market capitalisation) at the prestigious Singapore Corporate Awards 2016: Best Annual Report Silver Best Investor Relations Gold MegaChem is a global one-stop specialty chemical solutions provider that offers
      103 words
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      42 17 Singapore Corporate Awards Celebrating The Best In Corporate Governance Congratulations To Mr Kong Chee Min Chief Executive Officer Of Centurion Corporation Limited On Being Awarded Best Chief Executive Officer (Companies with less than $300 million in market capitalisation) Singapore Corporate Awards 2016
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      80 18 YOAAA STRATEGIC HOLDINGS LTD. Celebrating our 10 th year on the SGX Mainboard as a leading business conglomerate in Myanmar Singapore Corporate Awards 2016 GOLD WINNER BEST MANAGED BOARD Singapore Corporate Awards For companies with $300 million to $1 billion in market capitalisation a f vm v* 1VV m *2
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  • THE BUSINESS TIMES BT SALUTES ENTERPRISE 2016
    • Article, Illustration
      Lock icon Thinking out of the box
      712 1  -  This second instalment of BT Salutes Enterprise focuses on SMEs that are actively innovating to stay on top of rapidly changing market conditions and keep ahead of the competition. MINDY TAN SINGAPOREANS love shopping, good food and travel. And in this second day of our
      712 words
    • Article, Illustration
      Lock icon The happy traveller
      995 2 The past was a simpler, more relaxed time to see the world. But the present is not too bad, says travel industry veteran ASA Holidays managing director and CEO Albert See might be 77 years old, but the travel agency veteran looks like someone in his 50s.
      PHOTO: DON WONG  -  995 words
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      Lock icon Follow Me Japan: A travel ambassador with a human touch
      785 3 The travel agency aims to connect people from both countries through meaningful cultural exchange WHENEVER travel agency Follow Me Japan conducts seminars to inform upcoming tours in hotels, its chairman Ven Nishimura will be sure to give out his namecards
      PHOTO: DON WONG  -  785 words
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      Lock icon A delicious combination
      998 4 JC Global Concepts thrives through combining refreshing, affordable food concepts with savvy cost control STEP into Central Hong Kong Café’s latest outlet at Resorts World Sentosa (RWS) and the regular might be struck by how different the cha chaan teng (Cantonese for tea restaurant) looks. Compared to
      PHOTO: DON WONG  -  998 words
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      Lock icon Power of testimonies drives business growth
      1019 5 Customer satisfaction has brought Bee Choo Origin to overseas shores IF BEE Choo Origin founder and CEO Cheah Bee Chew were to sum up how her company managed to grow from a small outfit in Ang Mo Kio 10 years ago into a regional
      1,019 words
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      Lock icon Aspire to inspire
      322 6 / 7 ‘Money is not as important as trust. One should try to do something meaningful and make a difference in someone’s life.’ Ven Nishimura, Follow Me Japan chairman ‘When we have testimony of clients that our products are effective in solving their hair problems, there is no need
      322 words
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      Lock icon Keeping the orchids smiling
      1118 8 Started from scratch, Smiling Orchid is today a household name, but it faces new challenges in today’s escalating rental and manpower costs WHEN 75-year-old Choo Yen Lan first arrived in Singapore 58 years ago, all she had were the clothes on her back. Today, the feisty
      PHOTO: DON WONG  -  1,118 words
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      Lock icon Furnishing with care
      1317 9 Undaunted by challenges in the retail industry, The Furniture Mall is dreaming up bold solutions all while keeping its customers and tenants happy FOR more than 20 years, The Furniture Mall has been helping Singaporeans create their dream homes. With 40 stores and over 70 brands, it
      PHOTO: DON WONG  -  1,317 words
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      Lock icon Tee Yih Jia on a roll
      1155 10 The well-known brand is not resting on its laurels, but is ramping up its R&D capabilities and production capacity TEE YIH JIA, a company familiar to supermarket aunties and corporate towkays alike, is best known for its “Spring Home” brand of popiah skin and
      PHOTO: JOSEPH NAIR  -  1,155 words
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      100 1 inside The happy traveller 2 Follow Me Japan: A travel ambassador with a human touch 3 A delicious combination 4 Power of testimonies drives business growth 5 Keeping the orchids smiling 8 Furnishing with care 9 Tee Yih Jia on a roll 10 OoCBC Bank <m\\ EXCELLENCE RUNS ACROSS THE
      100 words
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      931 2 i <1 PS TLU I III i hlv HO L I DAYS H Great Britain Europe Tours Plaz UUpK > Uetstartta Citi and marks LC SIS H&UDAYJ^ C* 111 Citigroup Inc. Citibank Singapore V* I LI Limited Co. Rea. No. *****9485K a FR E ElSa nyaiR e t ur n]A
      931 words
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      60 3 Follow Me ™p*an To trust and to be trusted. There is no secret. Only understanding, satisfaction and a desire for excellence. Deep down, it’s between our customers and us. PC A* For enquiries and bookings, please call 6221 4250 or visit www.followmejapan.com.sg 16 Raffles Quay #B1-14D Hong Leong Building Singapore
      60 words
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      112 4 JC GLOBAL CONCEPTS BOUTIQUE BAKERY CANTONESE CUISINE CREATIVE SEAFOOD GRILL AUTHENTIC HONG KONG CAFE 2 J BLACK SOCIETY VivoCity #02-156, Tel 6376 9740 fT p Till |T71 FW-U ISB ys I lESWitassiT CENTRAL Resorts World Sentosa #B1-225 Tel *****285 VivoCity #B2-13 Tel *****270 The Star Vista #B1-07 Tel *****628 Jurong
      112 words
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      263 5 gC pecially crafted hair care solution designed with you in mind. Join us on a discovery journey on how Bee Choo Herbal Hair Treatment would make a difference in your life. Healthier scalp is just a phone call away what’s your excuse? Takes care of your scalp Manage tricky hair
      263 words
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      83 8 CATERING SERVICE NEWPrimeRoastBeef NEWButterflyLamb IMPRESS YOUR GUESTS WITH SMILING ORCHID’S FAMOUS CUISINES, PASTRIES CAKES Smiling Orchid’s famous cakes for corporate events, birthdays baby full month celebrations. NEWChickenPie/SausageRoll/CurryPuff Childrens’BirthdayCake Bakery Block 25 Ghim Moh Link #01-05, S’pore *****5 Tel: 6468 4237 Fax: 6468 6894 Email: bakery@smilingorchid.com Grand Functions/Events Fabulous Weddings Gourmet
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      285 9 ssra iS i ATWSOVW'W «< Oi r w w L&iSte5 r -'.V' S£t4FWT! mm m. wi -w M< I 9 3 r I 1 J 3» /y?«fc s* thefurnituremall living as you like it 10 TOH GUAN ROAD [Mi Where Luxury Homes become A Reality Beddings Dreams do come true
      285 words
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      73 10 st in the world Frozen Hargow Crystal Skin Another innovation from Tee Yih Jia Food w -y happy i MPPTlJStf wm HARGOW CRYSTAL SKIN A S"** wmncxt era A PEKING DUCK fP KMPM« ora ft *l£ t f TVJ SnUNG ROLL PASTKY L« a f k 300 g m, shi
      73 words
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