The Business Times, 29 July 2016

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Total Pages: 28
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Friday, July 29, 2016
    22 words
  • Article, Illustration
    220 1 DBS has a total exposure of about S$700 million to the Swiber group of companies, and expects only half of this to be recovered because the exposure is only partially secured. TOP STORIES 2 United Overseas Bank posts a 5 per cent rise in Q2 net profit to
    220 words
  • 1318 1  -  Announcement stuns investors and analysts; news savages some O&M counters; DBS among banks with heavy exposure. Firm announces resignation of 3 exec directors By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SWIBER Holdings sent shock waves through the offshore marine, banking
    1,318 words
  • 754 1  -  5,500 jobs added in Q2, a slower pace of increase due to subdued global economic conditions By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE unemployment rate and the number of redundancies in Singapore increased from March to June this year, according
    754 words
  • 26 1 Thursday Change STI 2,918.62 -22.87 KL Comp 1,658.50 -5.06 Nikkei 225 16,476.84 -187.98 Hang Seng 22,174.34 -44.65 Shenzhen B 1,143.27 +16.31 Dow(10.25am EDT) 18,418.17 -54.00
    26 words
  • Page 1 Advertisements

  • TOP STORIES
    • 562 2  -  It says exposure comprises loans, bonds and off-balance sheet items By Jamie Lee, Tan Hwee Hwee, Anita Gabriel leejamie@sph.com.sg hweetan@sph.com.sg anitag@sph.com.sg @JamieLeeBT @HweetanBT @AnitaGabrielBT Singapore DBS has a total exposure of about S$700 million to the Swiber group of companies, and expects only half
      562 words
    • 681 2  -  COMMENTARY By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IT is quite possible that the most shocking news from oil services firm Swiber Holdings there were lots where that came from this week, leading to a climax on Thursday was not that it has lost
      681 words
    • 614 2  -  SWIBER SHOCK By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE share price of Catalist-listed Vallianz Holdings collapsed on Thursday morning before recovering slightly, while other offshore and marine (O&M) counters fell on shocking news that Swiber Holdings once a darling in the Singapore oil and gas
      Source: Bloomberg  -  614 words
    • 713 2 BLOOMBERG Washington THE Federal Reserve has left interest rates unchanged while saying risks to the US economy have subsided and the labour market is getting tighter, suggesting conditions are getting more favourable for an increase in borrowing costs. “Near-term risks
      BLOOMBERG; PHOTO: AFP  -  713 words
    • 691 4  -  CEO Wee Ee Cheong says bank has enough reserves to withstand pressures from rising credit cost BANK EARNINGS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AMID a “roller coaster ride” in global markets fanned by a commodity slump, slowing China and Brexit uncertainties, United
      691 words
    • 592 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OCBC Bank which reported a 15 per cent fall in second-quarter net profit has seen deepening issues in the oil-and-gas sector amid the oil rout, but does not see the stress broadening
      592 words
    • 493 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OCBC Bank is not unduly concerned over the tougher scrutiny from Singapore regulators following the 1MDB scandal that has rocked the Singapore financial sector, the chief executive of the bank has said. Samuel Tsien acknowledged
      PHOTO: BLOOMBERG  -  493 words
    • 641 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan is under intense political and market pressure to announce bold monetary actions on Friday after a government announcement on Wednesday that it had planned a fiscal stimulus
      641 words
    • 663 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore GRAB on Thursday unveiled the first two of its satellite GrabTaxi driv-er-support centres under an ongoing commitment to serve its drivers a move which an observer said shows the Singapore-based ride-hailing app’s superior knowledge and understanding of the local
      663 words
    • 853 5  -  A first for LTA, the tenders will separate operations from financial support; experts say this helps sustainability and will kick off in Jurong Lake District by end 2017 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore TWO tenders focusing on different aspects of Singapore’s
      PHOTO: LTA; BT Graphics  -  853 words



  • 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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  • COMPANIES & MARKETS
    • 650 6  -  Q1 net profit almost trebles to S$256.6m from S$91.2m, helped by lower fuel costs, S$133m one-time gain By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE Airlines (SIA) posted a near trebling in first-quarter earnings, with the boost coming from better operational performance
      PHOTO: BLOOMBERG  -  650 words
    • 279 6 Noble’s head of Asia energy metals; oil trading team quit, sources say REUTERS Singapore SEVERAL traders from Noble Group, including its head of Asia energy and metals, have left the company, trade sources said on Thursday, a month after its chief executive quit. The latest staff departures point to a
      REUTERS  -  279 words
    • 381 6  -  By Angela Tan angelat@sph.com.sg Singapore AIA Singapore reported on Thursday that its operating net profit for the six months ended May 31, 2016, rose 8 per cent to US$211 million from US$201 million a year ago. The value of new
      381 words
    • 328 6  -  EC World Reit trades on the main board and Wong Fong industries, on the Catalist By Renald Yeo yrenald@sph.com.sg Singapore ONE provides engineering support for ground transport vehicles; the other is a real estate investment trust (Reit) backed by China logistic assets. On
      Source: Bloomberg  -  328 words
    • 577 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HIGHER trading gains, greater supply and trading volumes, as well as a jump in share of profits from associates and joint venture, helped China Aviation Oil’s (CAO) second-quarter net profit soar 32.8 per cent to US$23.6 million.
      FILE PHOTO  -  577 words
    • 225 7 THE Securities Investors Association (Singapore) is seeking a meeting with SMRT directors and Temasek Holdings officials to raise concerns among shareholders regarding the privatisation of the rail operator. “Shareholders have raised their concerns as to why Temasek is pursuing the privatisation deal
      225 words
    • CORPORATE DIGEST
      • 61 7 dairy Farm International Holdings announced on Thursday a 4 per cent increase in net profit to US$199 million for the half year ended June 30, 2016. Combined sales leapt 26 per cent to US$10.1 billion from the year-ago period, on the back of a stronger second quarter that
        61 words
      • 85 7 ASCENDAS India Trust (a-iTrust) has acquired an information technology (IT) building in Hyderabad, India, for about 1.8 billion rupees (S$36.4 million). This IT building has a total floor area of 390,000 sq ft, and is termed as a-iTrust’s fourth aVance Business Hub property (aVance 4). it is
        85 words
      • 53 7 NTEGRATOR International said on Thursday that it has secured a S$11.3 million contract from a regional service provider. This lifts the communications network company’s order wins to over S$22.3 million for the fiscal year. The contract is scheduled to commence in August 2016 with a contract period of
        53 words
      • 72 7 A SUBSIDIARY of communication design and production group Kingsmen has entered into a memorandum of understanding with three other firms to assess the commercial potential of two locations in East Malaysia’s Sarawak with a view to own, develop and operate an eco-resort. The consortium consists of the subsidiary
        72 words
    • 663 7  -  Revenue declines 25% to S$908.5 million, even as finance costs and other non-operating expenses rise By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SEMBCORP Marine’s (SembMarine) earnings plunged 90 per cent for the second quarter, as revenue dropped by a quarter, and finance costs and other
      663 words
    • 787 8  -  HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT AT last, Malaysia’s national utility Tenaga Nasional is showing some grit after it was arm twisted and endured much pain from sweetheart contracts dished out to well-connected firms in the heyday of privatising the power
      787 words
    • 377 8  -  Firm invests 200m yuan for a 30% stake in Henan Zhongyuan Group By Chin Yong Chang ycchin@sph.com.sg Singapore REGIONAL property developer GSH Corporation Limited has invested 200 million yuan (S$40.6 million) for a 30 per cent stake in Henan Zhongyuan Group, which owns a
      377 words
    • 403 8 BLOOMBERG Hong Kong CHINA is set to welcome the issuance of bonds linked to the International Monetary Fund’s (IMF) Special Drawing Rights (SDR), the world’s first in three decades, as the nation supports the growing global role of the yuan ahead
      BLOOMBERG  -  403 words
    • Article, Illustration
      63 10 STI Catalist Straits Times Index July 28,2016 2,918.62 -22.87 (-0.78%) Current streak 1 day Day high 2,928.85 Day low 2,911.09 52-week high 3,284.00 (July 29, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 28,2016 446.22 -6.44 (-1.42%) Current streak 1 day Day high 449.63 Day low
      63 words
    • 625 10 S’pore stocks end 0.8 per cent lower after two of city-state’s top banks voice concerns about loans to the oil and gas sector STOCKS REUTERS BLOOMBERG SOUTH-EAST Asian stocks were largely sluggish on Thursday with investors watching from the sidelines as they awaited
      REUTERS; BLOOMBERG  -  625 words
    • 312 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 253 -1 255/250 257 209 6.1 6672.4 CapitaCom Trust 151.5 xd -0.5 152.5/150 158.5 122.5 5.7 4478.8 CapitaLand 318 -1 320/316 340 267 12.7 2.8 *****.1 CapitaMall Trust 214 xd -1 216/213
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    • 34 10 VOLUME Vallianz 307,605,500 Ezra 72,253,500 Annica 69,835,600 Rex Intl 44,167,800 MDR 31,434,300 Market volume 1,470,559,000 VALUE DBS Grp 127,880,853 Singtel 66,364,147 UOB 42,236,963 OCBC Bank 35,455,750 Wilmar Intl 31,321,652 Market value 881,067,000
      34 words
    • 107 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 296 cd -2 392 299/295 335/254 296/297 DBXT MSPHILS US$ US217.7 -3.1 200 218.2/217.5 222.3/158.5 217.1/218 17.4 Lyxor Taiwan US117.9 +1.5 150 118/116.6 118/90 -/120 28.1 DBXT ASX200 US$ US3555 147 -/-3559/2900 3565/3575 7.1
      107 words
    • 77 10 Jul 28 VALUE CLOSE BT OB/OS -216.00 -67.00 BT CADI -*****.00 -91.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 686.72 +0.87 FTSE ST Small Cap 388.48 -3.17 FTSE ST All Share 709.41 -3.86 FTSE ST China Top 162.02 -0.47 FTSE ST China 194.36 +0.03 FTSE
      77 words
    • 35 10 STI FTSE ST All-Share ftse ST All-Share index July 28,2016 709.41 -3.86 (-0.54%) Current streak 1 day Day high 710.28 Day low 707.50 52-week high 784.84 (July 29, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • 33 10 STI MSCI EAFE MSCI EAFE Index July 27,2016 1,660.26 +4.82 (+0.29%) Current streak 3 days Day high 1,669.62 Day low 1,651.67 52-week high 1,883.89 (Aug 10, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 4 0 0 1 6 7 5 Manufacturing 28 57 26 8 6 18 36 63 44 Commerce 17 13 17 1 8 3 18 21 20 Tpt/Stor/Comms 9 16 7
      186 words
    • 119 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,121 170 15,291 52,950 31 52,981 Manufacturing 71,067 89,571 160,638 89,413 1,634 91,047 Commerce 37,457 333,201 370,658 53,399 6,695 60,093 Tpt/Stor/Comms 134,244 134,244 128,730 128,730 Finance 27,417 62 27,479 217,621 9 217,631 Construction 11,492 27,813
      119 words
    • 73 10 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 286.1 1.7 *****/***** DBS Bk 4.7% NCPS ***** 98.0 0.9 *****/***** JMH USD 5860 81.0 1.0 6103/4500 DBXT E50 US$ 4429 52.6 0.9 5242/3918 JSH USD 2985 49.9 1.3 3220/2524 BY PERCENTAGE CLOSE UP 52w high/low Foreland FabriT 2 100.0
      73 words
    • 73 10 BY CENTS CLOSE DOWN 52w high/low DBS Grp 1588 -38.0 -2.3 2113/1301 UOB 1870 -24.0 -1.3 2309/1680 DBXT MSINDO us$ 1431 -21.6 -1.1 1500/911 Hyflux 6% CPS ***** -15.0 -0.1 *****/***** Lyxor LATAM US$ 506 -10.8 -1.6 514/340 BY PERCENTAGE CLOSE DOWN 52w high/low Rowsley W*****3 0.1 -50.0 -0.1
      73 words
    • 82 10 VOL CLOSE($) CHANGE ES 25.1 0.090 +0.020 +28.57 Alpha Energy 297.4 0.031 -0.014 -31.11 Vallianz 307,605.5 0.021 -0.015 -41.67 BH Global 32.9 0.215 -0.065 -23.21 Atlantic Nav 22.5 0.260 -0.060 -18.75 Vashion 565.1 0.009 +0.003 +50.00 SinoCloud 6,300.0 0.002 +0.001 +100.00 Charisma Energy 27,651.4 0.009 -0.002 -18.18 MarcoPolo
      82 words
    • 566 10 BLOOMBERG London AB INBEV’S US$103.6 billion takeover bid for SABMiller Plc was thrown into disarray after the target company suspended integration of the two brewers following a rebellion from shareholders who say they haven’t been compensated enough for the pound’s recent
      BLOOMBERG  -  566 words
    • 378 11 CURRENCIES REUTERS London THE US dollar fell against the yen on Thursday as expectations faded that the Bank of Japan would deliver the radical stimulus package some had expected this week, and after the US Federal Reserve stopped short of flagging a near-term rate rise. Expectations
      REUTERS  -  378 words
    • EQUITY BONDS WARRANTS FUTURES
      • 205 11 Jul 28 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 0.1 -0.1 ***** 1 18 3 DBS MB eCW*****1 7.6 -1.8 9551 0.1 1620 3 UOB MB eCW*****0 5.5 -0.8 4391 0.1 2000 4
        205 words
      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jul 27 Index Change Change Change Change Change Change World Preliminary 1301.3 0.1 1.8 -0.2 -1.9 0.0 2.6 EAFE Preliminary 967.5 0.6 -4.5 0.1 -7.5 0.3 -3.3 Europe Preliminary 1385.3 0.5 -1.9
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      • 393 11 Jul 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9480.00 9495.00 9430.00 9470.00 ***** *****8 Aug16 9485.00 9507.50 9430.00 9505.00 *****6 *****5 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec16 *****.00 *****.00 *****.00 *****.00 25 6069 MSCI TAIWAN
        393 words
    • FOREX RATES
      • Article, Illustration
        2 11
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      • 471 11 Jul 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.990 5.023 0.679 5.853 50.581 98.905 0.790 8.490 3.055 1.061 79.120 35.523 1.018 10.717 0.742 24.092 26.298 0.571 0.755 Canada 1.010 5.072
        471 words
      • 2 11
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      • Article, Illustration
        2 11
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      • Article, Illustration
        1 11
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      • 155 11 Jul 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0183 1.0187 0.7545 0.7547 Canadian dollar 1.0281 1.0286 0.7620 0.7618 Euro 1.4989 1.4995 1.1106 1.1109 NZ dollar 0.9596 0.9602 0.7110 0.7114 Sterling pound 1.7821 1.7830 1.3205 1.3209
        155 words
      • 22 11 Jul 28 S$ Bid Offer 1-month 1.3499 1.3503 2-months 1.3503 1.3506 3-months 1.3504 1.3510 6-months 1.3510 1.3522 Source: OCBC
        22 words
    • BANK RATES
      • 154 11 Jul 28 $S Offer Bid 0vernight 0.5 0.30 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.90 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.75 0.55 3 months 0.85 0.65 6 months 1.20 1.00 9 months 1.40 1.20 12
        154 words
      • 69 11 Jul 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.23 99.27 99.22 5-Year NX*****X 2.250 01-Jun-21 103.98 104.05 104.00 10-Year NX*****F 2.125 01-Jun-26 103.25 103.53 103.10 15-Year NZ*****F 2.875 01-Sep-30 110.04 110.15 109.60 20-Year NZ*****X 2.250 01-Aug-36 101.16
        69 words
    • AGRI METALS ENERGY
      • 250 11 Jul-27 Price Net change change Last Trade Agricultural Jul-27 CBOT Soybeans (US cents/bu) 1010.50 17.00 1.71% 12/8/2016 CBOT Soybean Oil (US cents/lb) 29.53 -0.03 -0.10% 12/8/2016 CBOT Wheat (US cents/bu) 414.75 -0.25 -0.06% 14/09/2016 Jul-27 LIFFE Cocoa (£/tonne) 2352.00 10.00 0.43% 15/09/2016 LIFFE Coffee (US$/tonne) 1796.00 -7.00 -0.39%
        250 words
    • 1850 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High Day 150 127 AIMSAMP Cap Reit 147.5cd -0.5 306 148.5 146.5 0.9 7.7 938.8 Div 165.5 101 ARA Asset Mgmt 132 +1 1129 132.5
      1,850 words
    • 311 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div C'vr GrYld 44.5 29.5 t Advancer Global 33.5 unch 1853 34.5 33.5 13.3 58 MCap High Low 19.9 8.3 t Anchor Resources 13.2 +0.1 ***** 13.5 12.9
      311 words
    • 139 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 918 700 CIMBASEAN40 US$ US876 +8 4 876 876 137.4 ('000) 116.2 97.5 DBXT MS SING US$ US116.2 +1.2 1 116.2 116.2 5.8 Day 1404 995 DBXT MSCHINA
      139 words
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 864 8 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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    • 225 8 ZHENG HUI SERVICES PTE. LTD. (Co. Reg. No.: *****5609G) (In Member’s Voluntary Liquidation) At an Extraordinary General Meeting of the member of the abovenamed Company, duly convened and held at Room 602, Fu Fai Commercial Centre, 27 Hillier Street, Hong Kong on 27th July 2016, the following SPECIAL RESOLUTION was
      225 words
    • 325 8 THE BVI BUSINESS COMPANIES ACT, 2004 KREDIT PROPERTIES LIMITED (Company Number: *****8) (the “Company”) (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is 20
      325 words




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  • BANKING & FINANCE
    • 661 13 Lender’s pre-tax profit, excluding one-time items, is down to £4.16b in H1, from £4.27b a year ago BLOOMBERG London LLOYDS Banking Group plc will eliminate an additional 3,000 jobs and a further £400 million (S$712 million) of annual expenses,
      BLOOMBERG; PHOTO: BLOOMBERG  -  661 words
    • 885 13 But they may not have the loan-underwriting expertise of long-time lenders BLOOMBERG New York WHEN all else fails, lend. That’s the strategy of some of the biggest US insurers as they seek higher returns in an investment universe where buying bonds
      BLOOMBERG  -  885 words
  • Page 13 Advertisements
    • 580 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LES ENPHANTS (S) MARKETING PTE. LTD. (In Members’ Voluntary Liquidation) UEN *****0109H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held on the 26th day of July 2016 the
      580 words
    • 1353 13 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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    • 163 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CRANE INVESTMENT HOLDINGS PTE. LTD. (Company Registration No *****1940C) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a FINAL MEETING of the
      163 words

  • ENERGY & COMMODITIES
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  • TECHNOLOGY
  • Page 15 Advertisements
    • 576 15 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF VODA LAND PTE. LTD. (Company Registration No 2006-*****-N) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 (2) of the Companies Act, Cap 50, that the Final Meeting
      576 words
    • 243 15 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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    • 570 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND SING-EVERGREEN PTE. LTD. Company Registration No. *****4563G (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of SING-EVERGREEN PTE. LTD. duly convened and held at 10 Anson Road #33-04A International Plaza Singapore *****3 on the 25 th
      570 words
    • 396 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FAR EAST CREDIT ORGANIZATION PTE. LTD. (CO REG NO. *****2484Z) (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of FAR EAST CREDIT ORGANIZATION PTE. LTD., duly convened and held on 28 July 2016
      396 words
    • 599 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AMPAT INDUSTRIAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****8321R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 1 Raffles Place #08-00 One Raffles Place Singapore *****6 on the
      599 words
    • 460 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BERICAP SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****0116R) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Bericap Singapore Pte. Ltd. duly convened and held on the 22nd day of July 2016,
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  • REAL ESTATE
    • 1121 16  -  Singaporean equity investors sought for potential deal, which will price the asset at S$965m or S$2,750 psf; CDL will assume greatest risk, but also have share of upside By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FACED with a looming November deadline to finish
      FILE PHOTO: YEN MENG JIIN  -  1,121 words
    • 415 16  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SC Global Developments Pte Ltd, a developer of upmarket residences, on Thursday unveiled an Enhanced Purchase Plan that allows prospective buyers of its Hilltops condominium to earn a 10 per cent return per annum on
      415 words
    • 323 16  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore LATEST data from the National University of Singapore (NUS) provides yet another piece of evidence of greater price resilience of late in non-landed private homes in prime locations compared with other segments. June flash estimates for its
      323 words
    • 431 16  -  By Renald Yeo yrenald@sph.com.sg Singapore INDUSTRIAL rents and prices have fallen for the fifth straight quarter as headwinds on the manufacturing and economic fronts, coupled with uncertainty in the market and supply outstripping demand, took its toll on industrial property in Singapore. The
      431 words
    • 1181 17 Macau’s housing prices may get a boost as signs show that a two-year casino slump is near its end BLOOMBERG Hong Kong THE worst may be over for Asia’s worst-performing property market. Macau’s housing prices, which have plunged by a third since
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,181 words
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    • 55 16 OPEN HOUSE 1 4 PM NAMLY VICINITY Land 4200 sqft Beautiful house Spacious quiet Can park 5 cars Motivated Seller Sole Marketing Agent Kelvin Hoe Newsman Realty Pte Ltd Estate Agt L*****29F CEA Reg R*****9E majulahmomentsRelive FORLOCAL POSTINGONLY POSTAGE PREPAID LIMITED EDITION COLLECTOR’S POSTCARD BOOK ONLY 1,500 COPIES PRINTED Available
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    • 29 16 How much money have you made on your home? I I T 1 my Capital Gain $104,000 (12.68%) S-100K 2008 2009 2010 2011 2012 2013 2014 2015 2016 SRX.com.sg/property-tracker
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    • 47 16 V the purpose of keepsake is easy and fuss-free with the NewsMine service. SiBjS Find out more at Hi® newsmine.sg Q I :JW! Jjft. BT 0 The Straits Times My Paper Lianhc Zaobao Shin Min Daily News The New Paper Lianhe The Business Times Bcrita Harian Wanbao
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  • Page 17 Advertisements
    • 729 17 D10 HOUSE FOR SALE GARLICK VICINITY Good Class Bungalow. Freehold Land ***** sqft. Main annexe blocks approx 15,000 sqft. Garage, pool landscaped garden. Quiet and private. Price revised. TKE 6251 7387. D11 HOUSE FOR SALE MERRYN 2½ storey bungalow, resort style. 5+1. Land 4517 5500 sf. F’hold, garden, pool. elevated,
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  • CONSUMER
    • 536 18  -  Platform will cater to both the B2B and B2C communities via two e-commerce domains By Tan Effie taneffie@sph.com.sg Singapore MALAYSIA’S Aladdin Group announced on Thursday that one of its members, Aladdin Street Singapore, will launch its first halal e-market-place here in the
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    • 462 18 AFP Seoul SAMSUNG Electronics on Thursday posted a better-than-expected gain in net profit for the second quarter on solid sales of its flagship smartphone and an aggressive cost-cutting drive. The giant South Korean conglomerate said that its key mobile division enjoyed
      AFP; PHOTO: AFP  -  462 words
    • 295 18 BLOOMBERG London THE US Federal Trade Commission (FTC) has approved Teva Pharmaceutical Industries Ltd’s US$40.5 billion purchase of Allergan Plc’s generic drug-making unit after the companies agreed to the biggest divestiture ever in a pharmaceutical merger to preserve competition.
      BLOOMBERG  -  295 words
  • Page 18 Advertisements
    • 55 18 STAY RELEVANT With experience, you learn. But you can also learn to gain experience. Continue learning at www.stjobs.sg/learning. ]fe*STJOBS LEARNING i 4 it Jlr.l rvJ i m i n BOOTCAMPS WORKSHOPS Vs OV»«« ..<• -VSt**' W\w M M# P erM* S llJuKW" v»r£W*W\ SSV> > 6W- tSS- ’JJi-tr*®* crf''3 Jb
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  • GOVERNMENT & ECONOMY
    • 666 19 The exercises are to enhance the capabilities of the two to jointly deal with maritime security threats, says Beijing AFP Beijing CHINA and Russia will hold joint naval exercises in the South China Sea in September, Beijing’s defence ministry said
      AFP; PHOTO: AFP  -  666 words
    • 930 19 REUTERS Philadelphia PRESIDENT Barack Obama painted an optimistic picture of America’s future and offered full-throated support for Hillary Clinton’s bid to defeat Republican Donald Trump in a speech that electrified the Democratic National Convention. He urged Democrats to
      REUTERS; PHOTO: REUTERS  -  930 words
    • 504 19 REUTERS Seoul SOUTH Korea’s government plans to expand tax benefits for research and development of robotics and other technologies as it seeks out industries that could become new economic growth engines. Up to 30 per cent of R&D expenses
      REUTERS  -  504 words
  • Page 19 Advertisements
    • 85 19 M.IU® 5 educ^' 0N sl M» gesT ftSIft’S job* us 2017 19 s h»gM’ 0RE I 1 I Mi BOOK YOUR SPACE NOW! Reach out to parents ages 25 45 years old with children ages 3 -12 years old at SmartKids Asia. Promote your brand, products and services at Asia's
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    • 34 19 BANKER FOR ALL SEASONS Rajinikanth’s Kabali breaks box office records DBS chief executive Piyush Gupta sees a silver lining in every cloud GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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    • 47 19 A U G 1 6 11THURSDAY SPH News Centre 9.00am to 5.00pm UNLEASH THE COLLABORATIVE EFFORT OF TEAMS FOR INCREASED ENGAGEMENT, PRODUCTIVITY AND RESULTS Trainer Dinah Leong P R I C E $620.60 To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops STJOBS LEARNING
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  • TRANSPORT
    • 658 20  -  Regulator investigating if operator flew plane from KL to Langkawi as commercial airline without authorisation By Pauline Ng btworld@sph.com.sg Kuala Lumpur “THIS is a very serious offence. How can you fly without a licence?” fumed Malaysian Transport Minister Liow Tiong Lai after Monspace Sky
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    • 669 20 Results cushioned by strong performances in jetliner, defence businesses REUTERS New York BOEING Co reported a small-er-than-expected second-quarter loss on Wednesday, cushioned by strong performances in its jetliner and defence businesses. The world’s biggest plane maker warned last week that it planned to take US$3
      REUTERS; PHOTO: REUTERS  -  669 words
    • 299 20 BLOOMBERG London The UK government approved the expansion of London City Airport a project held up by former Mayor Boris Johnson as new Chancellor of the Exchequer Philip Hammond looks to underline the city’s role in the global economy in the aftermath
      BLOOMBERG  -  299 words
    • 230 20 AFP Frankfurt SCANDAL-STRUCK car maker Volkswagen said on Thursday that its profits fell for the second quarter by 57 per cent to 1.15 billion euros (S$ 1.7 billion). Profits were weighed down by almost 2.5 billion euros of special items, mostly
      AFP  -  230 words
    • 360 20 BLOOMBERG AFP Paris RENAULT SA’s first-half earnings jumped 41 per cent as demand grew in Europe for new models including the Kadjar sport utility vehicle and Espace minivan. Operating profit rose to 1.54 billion euros (S$2.3 billion) from 1.1 billion euros
      BLOOMBERG; AFP  -  360 words
  • Page 20 Advertisements
    • 28 20 LI AN H E ZAOBAO t bit.ly/zbJnnamorati2a «Dft—» it aSiliHro Facial expression challenge for theatre cast members Pi J i cp vv W V 7 Chinese Language Content
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    • 2 20 www.omy.sg /IV
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    • 169 20 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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  • Page 21 Advertisements
    • 1974 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) SIN PKL KUC MUA KK JKT POSITIVE PIONEER 104 100 3/8 5/8 7/8 MALAYSIA STAR 61 50 9/8 10/8
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    • 245 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 118 PRW291 30/07/2016 31/07/2016 Pelindo/Perawang DAILY Marco Polo 132 TTS151 30/07/2016 31/07/2016 Tebing Tinggi/Jambi DAILY Marco
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  • OPINION
    • 560 22 EDITORIAL LOVE it or hate it, the wildly popular Pokemon Go mobile game that is taking the world by storm has changed the face of the augmented-reality world for good. Nintendo, the Japanese gaming group, has struck gold with this
      560 words
    • 689 22  -  THE BOTTOM LINE By David Marsh T The writer is managing director of the Official Monetary and Financial institutions Forum OMFIF WE KNOW the name of Europe’s crisis control tandem: Angela May and Theresa Merkel. The similarities between the German chancellor and British
      OMFIF  -  689 words
    • 1110 22  -  Europe’s politicians should overrule the bureaucrats and re-create a flexible, democratic EU capable of responding to its citizens and adapting to a changing world. BY ANATOLE KALETSKY world.BY ANATOLE KALETSKY T The writer is chief economist and co-chairman of Gavekal Dragonomics and the author of Capitalism 4.0, The
      PROJECT SYNDICATE; PHOTO: AFP  -  1,110 words
    • 867 23  -  COMMENTARY By Alison Kennedy T The writer is managing director for Asean at Accenture Strategy ACCORDING to Accenture Strategy’s latest Global Consumer Pulse Research, Singapore consumers say that it is becoming increasingly challenging to resolve issues by talking to
      867 words
    • 626 23  -  By Vivian Balakrishnan T The writer is Singapore’s Minister for Foreign Affairs NEXT week, Prime Minister Lee Hsien Loong will make an official visit to Washington, DC at the invitation of President Barack Obama. This is a rare honour. The
      626 words
    • 1525 23  -  They should focus on the core issue: Does this benefit the company; does this harm the company; or is this in the company’s best interests? BY THIO SHEN YI interests?BY THIO SHEN YI T The writer is a director of TSMP Law Corporation and
      FILE PHOTO  -  1,525 words



  • Page 25 Advertisements
    • 118 25 GUEST CHEF PHILIP CHIA ROLLS OUT BABA-LICIOUS PERANAKAN FAVOURITES From 1 to 31 August 2016 5 Photos courtesy of Allspice Institute (Pte) Ltd. Savour authentic flavours of Peranakan cuisine over a selection of a la carte dishes by local notable culinary figure, Chef Philip Chia at The Clifford Pier. Diners
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  • Page 27 Miscellaneous
    • 309 27 CRYPTIC CROSSWORD Across 1 issue a fine in accordance with the rules (6) 5 Dish astronauts prepared as going away (3,5) 9 Kent area is surrounded by secret viewers like this? (5-3) 10 Bell made by Britain wearing well in Paris (3,3) 11 Pine for our island state (8) 12
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  • BT Lifestyle
    • 883 28  -  Singapore’s premier art fair Art Stage hopes to replicate its success in the fourth most populous nation in the world. BY HELMI YUSOF world.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT JAKARTA, a bustling metropolis of 10 million people, growing more rapidly than Beijing or Bangkok, will soon
      883 words
    • 249 28 SPOTLIGHT ON: LEO SILITONGA MR Silitonga was formerly the fair director of the eight-year-old Bazaar Art Jakarta, before moving to the new Art Stage Jakarta to helm it. According to him, Art Stage Jakarta will be the first fair in Indonesia to adhere to global standards and
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    • Article, Illustration
      271 28 NADI GALLERY NADI Gallery is one of the leading galleries in Jakarta, with the word “nadi” meaning “vein or artery” in Bahasa. Its stable of artists includes several Indonesian superstars such as Agus Suwage, Eddie Hara and Heri Dono. Founded by Biantoro Santoso in 2000, Nadi is one
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    • Article, Illustration
      270 28 JIMMY ONG WELL-KNOWN Singapore artist Jimmy Ong started going to Yogyakarta in 2011 and became hooked on the historical and cultural richness of Java. Two years ago, he set up a studio space there to practise his art. He says: “I don’t know why but I have an
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    • CITY LIVING / CITY BUZZ
      • 767 24  -  The inaugural FestivalForGood aims to raise awareness of the growing number of social enterprises here and the causes they support. By AVANTI NIM By AVANTI NIM avantin@sph.com.sg T FestivalForGood will be held on Aug 20 and 21 at various locations. For more information, please visit
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      • CITY BUZZ BT writers’ picks of what to see, do or talk about
        • 375 24  -  By Rachel Loi DINING Collaboration dinner between chef Paco Morales and chef Daniel Chavez NEXT weekend, Spanish chef Paco Morales will be in Singapore to cook alongside Peruvian chef Daniel Chavez of the Spanish restaurant OLA Cocina Del Mar for two collaborative dinners
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        • 270 24  -  EXHIBITION By Avanti Nim IN the 1960s, then finance minister Goh Keng Swee was on the search for an iconic gift that would represent Singapore. Coincidentally, a young scientist was developing a technique of plating live orchid blooms with gold to gift to his wife at the
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        • 237 24  -  EXHIBITION By Tay Suan Chiang WHEN photographer Akai Chew went to a getai, he wasn’t there to take pictures of the performers in their flashy costumes. Instead, he was more fascinated with getai stages (above). Originally built with wooden stakes and
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        • 238 24  -  Exhibition By Dylan Tan TO celebrate the 50th anniversary of its iconic Mexico 66 (M66) sneakers and their trademark crossed stripes, Onitsuka Tiger has invited 50 local personalities including musician Ginette Chittick, celebrity fashion stylist Trey Wong (above), and photographers Chuando Frey to interpret the
          238 words
    • ARTS/WINE
      • 960 25  -  The Majestic Penang has been restored just in time for George Town Festival. BY CHEAH UI-HOON BY CHEAH UI-HOON uihoon@sph.com.sg MUCH of the seven-year-old George Town Festival’s (GTF) charm lies in its heritage venues in the Unesco World Heritage City, utilised as performance
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      • 872 25  -  By Cheah Ui-Hoon uihoon@sph.com.sg FORMER Malaysian ambassador to Singapore N Parameswaran has a collection of Vietnamese art that is one of the largest known collections of posters and drawings on the Vietnam War. For the three short years that he served
        872 words
      • 434 25  - Le Vigne gives you the lowdown on a wide range of wines spirits By Justine Moss IT’S a far cry from working in airport operations in Singapore Airlines or as a DBS Securities analyst or even in security protection in Indonesia and Pakistan, but avid wine and spirits aficionado Lewis
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    • ARTS
      • 628 26  -  Dreamers, inventors and crackpot scientists take centrestage at Singapore’s nocturnal festival. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT A TIME machine, a wheeling house and a tricy-cle-cum-film projector are some of the charmingly cuckoo contraptions you’ll get to see at the Singapore Night
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      • 529 26  -  By helmi@sph.com.sg Helmi Yusof helmi@sph.com.sg @HelmiBT IN 1995, The Necessary Stage staged a modest monologue in a community library that would turn out to be one of its most performed productions. Rosnah, written by Haresh Sharma and directed by Alvin Tan, starred Alin
        529 words
      • 695 26  -  BOOK REVIEW Reviewed by Helmi Yusof helmi@sph.com.sg @HelmiBT EARLIER this year, Vietnamese-Ameri-can novelist Viet Thanh Nguyen had millions of readers across the world scratching their heads over the proper pronunciation of “Nguyen” when he clinched the Pulitzer Prize for fiction with his debut work, The
        695 words
    • CINEMA
      • 639 27  -  Jason Bourne, the fifth instalment of this action franchise, hasn’t yet lost steam right down to the you-can’t-top-this car chase. BY GEOFFREY EU BY GEOFFREY EU NINE years after swimming away from another near-death experience as a super assassin with serious memory lapses, Matt
        639 words
      • 600 27  -  By Geoffrey Eu IMMIGRANT story, social drama, crime thriller. Dheepan is all this and more including a narrative with dialogue that’s almost entirely in Tamil. The film, directed by Jacques Audiard (The Beat That My Heart Skipped, 2005) takes place in
        600 words
      • 455 27  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT IT’S EASY to accuse Irish director John Carny of making the same film time and again: His favourite boy-meets-girl musical formula was first used in the Dublin-set Once (2007) before he moved it Stateside to New York City in
        455 words
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