The Business Times, 30 July 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33910
Total Pages: 48
1 12 The Business Times
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      58 1 BT LivingTHE BUSINESS TIMES WEEKEND JULY 30 31, 2016 CAPTIVATING COMBO CONCEPTS New hang-out places with novel activities and products L2-4 DINING New directions L5-6 HEALTH Taking a good look at the heart L7 DESIGN Works of wonder L8-9 MOTORING Force of nature L11 PHOTO: YEN MENG JIIN BT CORP
      58 words
Page thumbnail Page 2 / 3
  • BT Living
    • Article, Illustration
      Lock icon Captivating combo concepts
      2755 2 / 3  -  It’s not enough to sell a single service, product or concept in this day and age. Multi-concept spaces draw in bigger crowds, and offer variety to consumers with the attention span of a gnat. By May Yip By May Yip IS IT a cafe, a supermarket or
      gallery. PHOTOS: YEN MENG JIIN, HOTEL JEN, MAHOTA COMMUNE, THE YARD  -  2,755 words
    • DINING
      • Article, Illustration
        Lock icon New directions
        1859 5  -  Three well-known chefs challenge themselves by trying out a different concept, making a job switch and venturing overseas. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg Coming full circle Gabriel Fratini WHEN Gabriel Fratini first came to Singapore to work in 1988, the straight-talking Italian landed the job
        PHOTO: AIDAN LOO; FILE PHOTO  -  1,859 words
    • HEALTH
      • Article, Illustration
        Lock icon Taking a good look at the heart
        1604 7  -  There are a number of non-invasive direct tests which allow direct visualisation of the heart arteries Michael Lim ~This is the final of two parts on Best Test For The Heart ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre.
        FILE PHOTO  -  1,604 words
    • DESIGN
      • Article, Illustration
        Lock icon Works of Wonder
        1198 8 / 9  -  Which project will be named Building of the Year at this year’s World Architecture Festival in November? BT Weekend takes a look at some of the Singapore contenders. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT d’Leedon Zaha Hadid Architects RESIDENTS at d’Leedon must be
        1,198 words
    • MOTORING
      • Article, Illustration
        Lock icon Best of both worlds
        302 10  -  In terms of size, styling and features, the new Mercedes-Benz E-Class is perfectly positioned between the C-Class and S-Class. By Samuel Ee samuelee@sph.com.sg THE new Mercedes-Benz E-Class was launched this week at Marina Bay Sands and in terms of size, styling and features, it is perfectly
        302 words
      • Article, Illustration
        Lock icon Staying the course
        408 10  -  McLaren is focused on its mission to design mid-engine high-performance vehicles. By Samuel Ee By Samuel Ee samuelee@sph.com.sg CARMAKERS these days are so enamoured of sport-utility vehicles (SUVs) that they can’t seem to churn them out fast enough. But not McLaren. This is one segment the British
        408 words
      • Article, Illustration
        Lock icon FORCE OF NATURE
        675 11  -  Bentley Bentayga scythes through flood-hit roads like a battlecruiser. By Samuel Ee samuelee@sph.com.sg BEN Tay was a pudgy kid I knew in school who skipped PE lessons in the pool because he didn’t like getting wet. Bentayga, on the other hand, is an enormous SUV unfazed by
        675 words
    • BT CORPORATE GOLF LEAGUE 2016
      • Article, Illustration
        Lock icon Audi renews presence
        247 12  -  Audi Singapore returns as presenting sponsor, hole-in-one sponsor and a participant in the competitive category. By Justine Moss By Justine Moss THIS year sees Audi Singapore returning as presenting sponsor, hole-in-one sponsor and a participant in the competitive category. Says team captain Jeff Mannering, managing director of
        247 words
      • Article, Illustration
        Lock icon League debutant has the Edge
        521 12  -  By Justine Moss LEAGUE debutant Edge Golf have had a cracking start to this year’s league, and one member they would like to single out is team captain Rick Chan. Says team member Luvin Lim: “With his leadership and careful planning, he is leading our
        521 words
      • Article, Illustration
        Lock icon It’s all about the networking
        411 12  -  By Justine Moss THIS year marks Team Emerio’s sixth year of participation and sponsorship. Team captain Harish Nim says: “We love it. It gives us an opportunity to get together with great people, both from industry and BT. The sponsorship gets our name out in
        411 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      29 7 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/specials/shscc
      29 words
Page thumbnail Page 8 / 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 1
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      49 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-16 Real Estate 17-18 Banking Finance 19 Energy Commodities 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-4 Dining L5-6 Health L7 Design L8-9 Motoring L10-11 Golf L12
      49 words
    • Article
      Lock icon MARKETS
      136 2 HSTI 2,868.69 (-49.93) HSTI FUTURES 2,827.00 (-92.00) HSIMSCI 316.70 (-5.75) HSIMSCI FUTURES 312.45 (-9.15) STOCKS Friday Change KL COMP 1,653.26 -5.24 NIKKEI 225 16,569.27 +92.43 HANG SENG 21,891.37 -282.97 SET 1,524.07 -0.51 JAKARTA 5,215.99 -83.22 MANILA 7,963.11 -61.87 KOSPI 2,016.19 -4.91 SHENZHEN B 1,146.85 +3.57 MUMBAI 28,051.86 -156.76 11.45
      136 words
    • Article, Illustration
      Lock icon BOJ disappoints markets by relative lack of action
      819 2  -  Central bank leaves its policy unchanged except for a pledge to double its purchases of ETFs By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) dashed market hopes of bold new actions on Friday by opting for only a marginal increase
      PHOTO: BLOOMBERG  -  819 words
    • Article, Illustration
      Lock icon Business lending for June takes deepest dive since Lehman crisis
      448 3  -  It falls 6.2% year on year to S$345b; such loans have fallen for 10 months straight By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A SHARPLY reduced gain in construction loans and broad weakness across segments dragged business lending in June to
      FILE PHOTO  -  448 words
    • Article
      Lock icon DBS had no prior specific allowance for Swiber exposure: UBS report
      532 3  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A UBS report on Friday suggested that DBS did not provide for its S$700 million Swiber exposure at all and that specific provisions at the bank look low. DBS said on Thursday it
      532 words
    • Article, Illustration
      Lock icon PM Lee to visit US on Obama’s invitation
      683 4  -  President Obama will host him to a state dinner at the White House on Tuesday By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong will arrive in the United States on Sunday for the start of an official visit at
      PHOTO: LIANHE ZAOBAO  -  683 words
    • Article
      Lock icon S’porean detained under ISA for promoting violence and ISIS
      835 4 The Straits Times Singapore A SINGAPOREAN who actively spread radical ideology online and helped radicalise at least two other citizens has been detained under the Internal Security Act. Zulfikar Mohamad Shariff, 44, had been living in Australia for 14 years, after
      The Straits Times  -  835 words
    • Article
      Lock icon Local services firms more upbeat in hiring
      547 5  -  They are less gloomy about the future than in the last quarter, but manufacturing firms turn marginally pessimistic By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore FIRMS in the services sector, though still pessimistic about future business conditions, are planning to add more workers this
      547 words
    • Article, Illustration
      Lock icon Market forecasts steep UK slowdown resulting in rate cut
      598 5  -  By Neil Behrmann btworld@sph.com.sg London PRELIMINARY surveys indicating that the UK economy is slowing down sharply point to a cut in interest rates and possible quantitative easing (QE) next week, predict economists and market participants. As a result, sterling weakened against
      PHOTO: REUTERS  -  598 words
    • Article, Illustration
      Lock icon In the greatest speech of her life, Clinton charts course for Nov 8 elections
      1157 6 She lambasts Trump, seeks to unite a racially divided United States and shows her presidential mettle Reuters Philadelphia US PRESIDENTIAL candidate Hillary Clinton cast herself as the steady leader at a “moment of reckoning” for America,
      Reuters; PHOTO: AFP  -  1,157 words
    • Article, Illustration
      Lock icon A different, daring kind of NDP to savour
      1108 7  -  Expect something new at this year’s edition of the much-loved National Day Parade at the National Stadium SATURDAY SOAPBOX By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore TO love the 2016 National Day Parade (NDP) is a tall order but it would be a
      ILLUSTRATION: SIMON ANG  -  1,108 words
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8 / 9
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Global makeover of a beauty icon
      2031 8 / 9  -  From brand innovation to an overhaul of products and other aspects of communication, Shiseido CEO Masahiko Uotani is turning the 144-year old Japanese group into a global business. By May Yip By May Yip FOR most beauty brands, the idea of running an ad
      2,031 words
Page thumbnail Page 10
  • COMPANIES & MARKETS
    • Article
      Lock icon MGCCT’s Q1 DPU rises 9.1% to 1.85 cents
      448 10  -  Gross revenue up 11.9%, boosted by Shanghai’s Sandhill Plaza, HK’s Festival Walk; net property income jumps 11.2% By Choo Yun Ting yuntingc@sph.com.sg Singapore MAPLETREE Greater China Commercial Trust (MGCCT) on Friday reported a 9.1 per cent rise in distribution per unit (DPU)
      448 words
    • Article
      Lock icon Roxy-Pacific’s Q2 profit rises 53% to S$19.9m on fair value gains
      341 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore REAL estate developer Roxy-Pa-cific Holdings’ net profit rose 53 per cent in the second quarter to S$19.9 million as fair value gains from Sydney investment property gave a boost to a more modest
      341 words
    • Article, Illustration
      Lock icon E-trading platform for physically backed precious metals launched
      471 10  -  GoldSilver Central’s platform allows 24-hour trading By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore IN a move that will further boost retail investment options in precious metals in Singapore, local bullion dealer GoldSilver Central has launched an electronic trading platform for physically backed gold,
      PHOTO: REUTERS  -  471 words
    • Article, Illustration
      Lock icon Swiber news caps nervous week for ST Index
      516 11  -  STOCKS Melissa Tan melissat@sph.com.sg @MelissaTanBT Reporter SHOCKING news of offshore oil and gas services Swiber Holdings’ winding-up application on Thursday were pretty much the final straw for traders in a nervous week that involved two major central bank meetings and the looming
      516 words
    • Article
      Lock icon Oil & gas, bank stocks fall amid fears of Swiber fallout
      564 11  - Oil gas, bank stocks fall amid fears of Swiber fallout Ezra, down 3.8%, is most actively traded; DBS falls 2.96% HOT STOCKS By Jamie Lee, Joyce Hooi leejamie@sph.com.sg @JamieLeeBT joyceh@sph.com.sg @JoyceHooiBT Singapore SHARES of oil-and-gas and banking counters continued to be battered on Friday, as fears from Swiber Holdings’ decision
      564 words
    • Article
      Lock icon GAINERS
      75 11 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 642.1 3.9 *****/9646 DBXT AUDBonds AU$ ***** 183.3 0.8 *****/***** Jardine C&C 3923 133.0 3.5 4520/2636 DBXT MSKorea US$ 5686 102.7 1.4 5686/4478 JSH USD 3060 101.4 2.5 3220/2524 BY PERCENTAGE CLOSE UP 52w high/low Polaris 0.5 66.7 0.2
      75 words
    • Article
      Lock icon LOSERS
      75 11 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -171.7 -0.6 *****/***** GLD US$ ***** -140.6 -0.8 *****/***** DBS Bk 4.7% NCPS ***** -87.0 -0.8 *****/***** DBXT China50 US$ 2926 -56.8 -1.4 3383/2355 UOB 1820 -50.0 -2.7 2309/1680 BY PERCENTAGE CLOSE DOWN 52w high/low Huan Hsin 0.5 -44.4
      75 words
    • Article
      Lock icon MOST ACTIVE
      33 11 VOLUME Ezra 95,580,800 Vallianz 84,143,800 Noble 70,869,800 Annica 56,204,400 WE 55,339,500 Market volume 1,492,565,000 VALUE DBS Grp 227,317,410 Singtel 160,711,120 UOB 133,315,030 OCBC Bank 120,832,381 Ascendas Reit 39,634,610 Market value 1,488,339,000
      33 words
    • Article, Illustration
      Lock icon FEHT expects S’pore hospitality industry to stay competitive
      551 12  -  Distribution per stapled security falls 12.9 per cent to 1.01 Singapore cents for Q2 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FAR East Hospitality Trust (FEHT), which posted lower secondquarter results, said Singapore’s hospitality industry is expected to remain competitive amid an increase
      551 words
    • Article
      Lock icon Starhill Reit FY16 DPU up 1.4%
      511 12  -  Revenue for FY16 rises 11.4% to S$219.7 million By Chin Yong Chang ycchin@sph.com.sg Singapore STARHILL Global Reit said its distribution per unit (DPU) for the financial year ended June 30 was up 1.4 per cent to 5.18 Singapore cents. Income distributed to unitholders for
      511 words
    • Article, Illustration
      Lock icon S’pore stocks end month on positive note
      603 13  -  Total market capitalisation stands at S$860.4 billion; offshore and marine, and commodities counters chalk up biggest losses By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE stocks ended July on a firmer note from a month ago even as oil and commodities woes, bookended by
      603 words
    • Article, Illustration
      Lock icon Insurer AXA to distribute products through Alibaba
      543 13  -  Partnership will accelerate its development in China By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FRENCH insurer AXA has partnered Chinese e-commerce giant Alibaba and its affiliate, Ant Financial Services Group, to distribute insurance products and services to consumers around the world as it tries
      PHOTO: AFP  -  543 words
    • Article
      Lock icon STI STOCKS
      313 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -8 253/245 257 209 6.3 6461.5 CapitaCom Trust 150.5 -1 152/149 158.5 122.5 5.7 4449.3 CapitaLand 317 -1 321/316 340 267 12.7 2.8 *****.4 CapitaMall Trust 214 xd unch 215/210 225
      313 words
    • Article
      Lock icon SGX ETFs Most Active
      111 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 288 xd -8 762 291/287 335/254 287/288 DBXT MSPHILS US$ US216.6 -1.1 329 222.5/214.1 222.5/158.5 215.6/216.4 17.3 IS Asia BND US US1102 +1 252 1102/1102 1108/1010 1102/1110 IS MS INDIA US$ US772 +47 202
      111 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      768 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) UOB-Kay Hian 27-Jul-16 Wee Ee Chao *Buy 61 1.33 *****5 25.48 *****6 25.49 UOB-Kay Hian 27-Jul-16 K.I.P.
      768 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 1 0 0 0 5 9 1 Manufacturing 35 49 35 7 13 8 42 62 43 Commerce 14 35 12 5 5 4 19 40 16 Tpt/Stor/Comms 2 21 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 14 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,552 19,552 65,331 65,331 Manufacturing 93,990 109,119 203,109 120,136 1,519 121,655 Commerce 99,924 154,131 254,055 92,530 2,312 94,843 Tpt/Stor/Comms 194,689 11,375 206,064 271,250 1,159 272,408 Finance 47,460 271 47,731 508,629 39 508,668 Construction 3,928 11,345
      119 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Jul 29 VALUE CLOSE BT OB/OS -415.00 -199.00 BT CADI -*****.00 -178.00 BT 10-day MA -*****.00 -41.00 FTSE ST Mid Cap 680.42 -6.30 FTSE ST Small Cap 386.19 -2.29 FTSE ST All Share 700.43 -8.98 FTSE ST China Top 159.18 -2.84 FTSE ST China 190.66 -3.70 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      77 14 VOL CLOSE($) CHANGE Hoe Leong 829.5 0.018 -0.010 -35.71 NauticAWT 128.0 0.124 +0.031 +33.33 ES 210.0 0.101 +0.011 +12.22 VibroPower 267.4 0.240 -0.020 -7.69 CMC Infocomm 211.2 0.065 +0.010 +18.18 Willas-Array 9.9 0.580 +0.060 +11.54 SingMedical 2,552.4 0.162 +0.013 +8.73 Eindec 92.0 0.069 -0.016 -18.82 Plastoform 6.8 0.210
      77 words
    • Article
      Lock icon COMMODITY FUTURES
      193 15 Jul-28 Price Net change change Last Trade Agricultural Jul-28 CBOT Soybeans (US cents/bu) 1003.50 -7.00 -0.69% 12/8/2016 CBOT Soybean Oil (US cents/lb) 29.49 -0.04 -0.14% 12/8/2016 CBOT Wheat (US cents/bu) 410.25 -4.50 -1.08% 14/09/2016 Jul-28 LIFFE Cocoa (£/tonne) 2332.00 -20.00 -0.85% 15/09/2016 LIFFE Coffee (US$/tonne) 1805.00 9.00 0.50%
      193 words
    • Article
      Lock icon PALM OIL
      57 15 Jul 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 16 2359.0 2374.0 2440.0 2330.0 1122 4205 Sep 16 2340.0 2336.0 2348.0 2322.0 5684 ***** Oct 16 2325.0 2316.0 2333.0 2308.0 ***** ***** Nov 16 2320.0 2311.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      69 15 Jul 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.25 99.32 99.25 5-Year NX*****X 2.250 01-Jun-21 103.84 104.15 103.85 10-Year NX*****F 2.125 01-Jun-26 102.86 103.75 102.85 15-Year NZ*****F 2.875 01-Sep-30 109.67 110.25 110.10 20-Year NZ*****X 2.250 01-Aug-36 100.89
      69 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Jul 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0130 1.0137 0.7494 0.7497 Canadian dollar 1.0258 1.0263 0.7590 0.7589 Euro 1.4985 1.4996 1.1086 1.1090 NZ dollar 0.9575 0.9584 0.7084 0.7088 Sterling pound 1.7810 1.7822 1.3176 1.3180
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 15 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      212 15 Most active Jul 29 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 6.9 -1.9 ***** 0.0 2 HSI ***** MB ePW*****9 14.9 2.3 ***** 0.0 2 DBS MB eCW*****1 5.6 -2 ***** 0.1 1620
      212 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 15 In local curr In S$ In US$ dy yr dy yr dy yr Jul 28 Index Change Change Change Change Change Change World Preliminary 1297.0 -0.4 1.5 -0.5 -2.3 -0.2 2.5 EAFE Preliminary 960.2 -0.8 -5.3 -0.4 -7.9 -0.1 -3.4 Europe Preliminary 1374.2 -0.8 -2.7
      377 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      10 15 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article
      Lock icon CDLHT says hotel rates will stay competitive amid supply
      367 16  -  Its DPS for the three months ended June 30 dips to 2.23¢ B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore HOTEL room rates are expected to stay competitive as more supply comes on board, said CDL Hospitality Trusts (CDLHT) as it on
      367 words
    • Corporate digest
      • Article
        Lock icon Frasers Hospitality Trust
        141 16 HOTELS and serviced residences owner Frasers Hospitality Trust (FHT) reported a distribution per stapled security (DPS) of 1.51 Singapore cents for its third quarter ended June 30, down 3 per cent from 1.56 cents a year ago. This was due to a higher number of stapled securities
        141 words
      • Article
        Lock icon Far East Orchard
        86 16 RECOGNITION of profits from its joint venture property development project, SBF Center, which obtained its Temporary Occupation Permit in late June 2016, lifted results of Far East Orchard in its second quarter. Net profit leapt to S$37 million from S$5.48 million in the previous year. For the
        86 words
      • Article
        Lock icon Mermaid Maritime
        75 16 MERMAID Maritime announced its associate Asia Offshore Drilling (AOD) has secured a three-year contract extension from Saudi Aramco for the jack-up drilling rigs AOD I and AOD II, expiring in June 2019 and July 2019 respectively. The extensions will add about US$225 million in contract backlog. Mermaid said
        75 words
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      469 16 NOTICES TOLL FREE 1800 -289 882 2 I Email no tices @sph .com sg I w w w. sphclas s .com sg /no tices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ZAMBESI SHIPPING PTE. LTD. Company Registration No. *****6410M (In Member’s Voluntary Liquidation)
      469 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      445 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YANGTZE SHIPPING PTE. LTD. Company Registration No. *****6411D (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the sole member of the abovenamed Company deemed held on the 28th day of July
      445 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      444 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THAMES SHIPPING PTE. LTD. Company Registration No. *****6415G (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the sole member of the abovenamed Company deemed held on the 28th day of July
      444 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 4
      445 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NYSA SHIPPING PRIVATE LIMITED Company Registration No. *****2924K (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the sole member of the abovenamed Company deemed held on the 28th day of July
      445 words
Page thumbnail Page 17
  • REAL ESTATE
    • Article, Illustration
      Lock icon Queen Astrid Park GCB fetches S$44.5m
      416 17  -  Buyer understood to be member of Goh Cheng Liang’s family By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A CHARMING single-storey bungalow on a sprawling site in Queen Astrid Park has changed hands for S$44.5 million. The buyer is understood to be a family member of
      FILE PHOTO  -  416 words
    • Article
      Lock icon NZ building consents up 35% in the year to June
      384 17 Reuters Wellington NEW Zealand’s construction boom has led to a 35 per cent surge in building consents in the year to June, soothing concern over rising house prices to reinforce expectations that the central bank would reduce interest rates further.
      Reuters  -  384 words
    • Article
      Lock icon UK mortgage approvals fall to 13-month low on Brexit jitters
      420 17 Bloomberg London UK mortgage approvals fell to their lowest level in more than a year in June as nervousness gripped the housing market before the referendum on European Union membership. Banks and mutually owned lenders signed off on 64,766 loans
      Bloomberg  -  420 words
    • Article
      Lock icon House hunt
      1285 18 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 15 AND JUNE 21, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 14 NON-LANDED Euhabitat Apt 20/06/2016 99 560 700 1251 Rezi 3two Apt 16/06/2016 FH 495 720 1454
      1,285 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      36 17 GOOD CLASS BUNGALOW SWISS CLUB ROAD 20,000 sqft Beautiful flat land Panoramic view, quiet Rebuild or A&A Motivated seller Exclusive Marketing Agent K H Tan *****348 Newsman Realty Pte Ltd Estate Agt L*****29F CEA Reg R*****9A
      36 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      38 17 GOOD CLASS BUNGALOW CABLE ROAD *****/8600 sf 10 Carpark lots 30m frontage, beautiful land Vacant, privacy, quiet, nice garden Motivated seller Exclusive Marketing Agent K H Tan *****348 Newsman Realty Pte Ltd Estate Agt L*****29F CEA Reg R*****9A
      38 words
Page thumbnail Page 18
Page thumbnail Page 19
  • BANKING & FINANCE
    • Article
      Lock icon Wall St banks face more lending scrutiny
      628 19 Regulators question their plans for loans that just sneak in as acceptable under leveraged-lending guidelines of 2013 Bloomberg New York WALL Street banks are facing renewed pressure from federal regulators on their lending standards for risky corporate loans just as credit markets roar
      Bloomberg  -  628 words
    • Article, Illustration
      Lock icon New York Fed seeks Manila’s help to recover stolen Bangladesh money
      607 19 Reuters Dhaka THE Federal Reserve Bank of New York has asked Bangko Sentral ng Pilipinas (the Philippines central bank) to help Bangladesh Bank recover the US$81 million that was stolen by hackers in February from its account held at
      Reuters; PHOTO: REUTERS  -  607 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      245 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 FUTURE CORPORATION PTE LTD Co. Reg. No. *****1871R MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 26th day of July 2016, the following special resolution was duly passed: “That the Company be wound up voluntarily
      245 words
Page thumbnail Page 20
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon CNOOC warns of 8b yuan loss amid oil sands writedown
      735 20 This is Beijing-based firm’s first half-year loss since 2000 when it began trading Bloomberg Hong Kong CNOOC Ltd, China’s biggest offshore oil and gas producer, projected about US$1.2 billion in first-half losses, flipping from a profit a year ago, as
      Bloomberg; PHOTO: AFP  -  735 words
    • Article
      Lock icon India’s strategic oil reserves unlikely to stir market
      613 20 Reuters Singapore INDIA’S initial plan to build up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand. While New Delhi has not shown its
      Reuters  -  613 words
Page thumbnail Page 21
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Baidu delivers more bad news to investors as China tightens ads
      530 21 Bloomberg Hong Kong BAIDU Inc warned that curbs on online advertising will hurt revenue growth for the next two to three quarters, delivering the latest dose of bad news to investors in China’s largest Internet search service. The company
      Bloomberg; PHOTO: REUTERS  -  530 words
    • Article, Illustration
      Lock icon Google silences doubters with blockbuster quarter
      704 21 Revenue leaps 21% to US$21.5b, after revamp in mobile ad formats NYT San Francisco IT’S good to be Google. Sometimes it’s just plain great. Revenue regularly increases at a clip rarely achieved by firms of its size. The same goes for profits. Seven of
      NYT; PHOTO: REUTERS  -  704 words
Page thumbnail Page 22
Page thumbnail Page 23
  • TRANSPORT
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      50 23 HOT PROPERTY BRAND NEW SEMI-D Braemar Dr. 2800/4500sf. 2.5sty, 5+1 pool/lift,spacious,park 2 cars amenities. Open Hse Sat/Sun 2-5pm. SERANGOON CENTRAL NEW pair of semi-d 3150/5500 sf, lift, lap pool, 3 cars,basement FH, MRT, NEX! LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
      50 words
Page thumbnail Page 24
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon GDP grows 1.2% in Q2 as inventories fall
      520 24 Surge in consumer spending points to underlying strength LATEST US DATA Reuters Washington THE US economy grew far less than expected in the second quarter as inventories fell for the first time since 2011, but a surge in consumer spending pointed to
      Reuters  -  520 words
    • Article, Illustration
      Lock icon Britain to review EDF’s Hinkley Point nuclear energy plan
      887 24 Reuters London BRITAIN has cast doubt on a US$24 billion project with French utility EDF to build the UK’s first new nuclear plant in decades, delaying a final decision on the plan just weeks after the “Brexit” vote ushered in a
      Reuters; PHOTO: AFP  -  887 words
    • Article, Illustration
      Lock icon World’s biggest pension fund reports worst post-crisis results
      823 25 Japan’s GPIF is down 3.8% or 5.3 trillion yen, due mostly to its foray into equities Bloomberg Tokyo THE world’s biggest pension fund has posted the worst annual performance since the global financial crisis, with losses exacerbated by unfavourable currency moves and
      Bloomberg; PHOTO: BLOOMBERG  -  823 words
    • Article
      Lock icon Investors not soothed by capital boost for India banks
      488 25 Allocated 229.2b rupees is lower than required, analysts say Bloomberg Mumbai INDIA’S plan to inject more capital into state-owned banks is doing little to alleviate investor concern that lenders’ credit profiles are deteriorating. The cost of insuring bonds issued by State
      Bloomberg  -  488 words
Page thumbnail Page 25
Page thumbnail Page 26 / 27
  • OPINION
    • Article, Illustration
      Lock icon More needed to recharge Nintendo
      1081 26 / 27  -  The value created by Pokémon Go is currently as illusory for the company as those creatures being chased on smartphones screens. By Andrew Delios By Andrew Delios ~The writer is professor and head of the Department of Strategy and Policy at National University of Singapore
      PHOTO: AFP  -  1,081 words
    • Article, Illustration
      Lock icon Time for Singapore to consider changes to grow its tourism receipts
      879 26 / 27  -  By Julie Purser ~The writer is an associate partner of Prophet, a global brand and marketing consultancy, in Hong Kong ASIA is on the cusp of a theme park boom. Shanghai Disneyland opened in June, Wanda City opened in
      FILE PHOTO  -  879 words
  • Page 26 / 27 Miscellaneous
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • BROKERS’ TAKE
        • Article
          Lock icon Sembcorp Marine | Sell
          242 28 / 29 Sembcorp Marine Sell Target price: S$1.00 July 29 close: S$ 1.41 Maybank Kim Eng, July 29 Q2 2016 profit after tax and minority interests (Patmi) of S$11.5 million (-90 per cent y-o-y, -79 per cent q-o-q) missed, dragged by S$35 million of forex loss and S$8 million of impairment for
          242 words
        • Article
          Lock icon Banks | Neutral
          278 28 / 29  - Banks Neutral Compiled by Melissa Tan CIMB, July 28 We maintain a neutral sector weighting on Singapore banks. Valuations of 1x price-to-book value (P/BV) have largely priced in 10 per cent ROE and asset quality concerns, for now. Swiber filed for applications to wind up operations and to place the
          278 words
        • Article
          Lock icon Glossary:
          120 28 / 29 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter
          120 words
      • Article, Illustration
        Lock icon The next big buy in junk bonds: the US consumer
        842 28 / 29  -  Pimco, Prudential and others betting on American companies driven by retail customers. By Emma Orr Bloomb erg New York SOME of the world’s largest junk-bond investors are betting big on the US consumer. Money managers including Pacific Investment Management Co
        Bloomberg; PHOTO: AFP  -  842 words
      • Article, Illustration
        Lock icon Gross goes solo again as Janus moves his co-manager to new ETF
        629 28 / 29 Bloomberg Los Angeles BILL Gross is running his US$1.5 billion Janus Global Unconstrained Bond Fund by himself again. The legendary money manager is losing his No 2, Kumar Palghat, who joined Mr Gross as co-manager last July. Mr
        Bloomberg; PHOTO: AFP  -  629 words
      • Article, Illustration
        Lock icon India excites OppenheimerFunds
        620 30 Pursuing safety, it calls country the ‘safest portfolio investment destination’ among EMs Bloomberg Mumbai THE pursuit of safety amid an uncertain global outlook is driving OppenheimerFunds Inc to India. Political stability, credible monetary policy and the fastest growth among the world’s major economies make India the “safest
        Bloomberg; PHOTO: BLOOMBERG  -  620 words
      • Article, Illustration
        Lock icon Brazil hedge-fund manager who called real rally sees more gains
        643 30 Bloomberg Sao Paulo IN the depths of Brazil’s world worst market sell-off last year, hedge fund manager Luiz Fernando Figueiredo made a bold call. All the fretting about a dangerous financial crisis was way overblown, he said, and markets were
        Bloomberg; PHOTO: REUTERS  -  643 words
  • Page 28 / 29 Advertisements
Page thumbnail Page 30
Page thumbnail Page 31
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Hollywood dominates Venice film festival
      469 31 Six big-name American films will headline the 11-day glitzy Italian gathering which starts on Aug 31 AFP Rome A BATTALION of Hollywood heavyweights will lead a US invasion of next month’s Venice film festival, the organisers announced on Thursday. Six big-name American films led by
      AFP; PHOTO: AFP  -  469 words
    • Article
      Lock icon Champagne on ice is this summer’s hot drink
      515 31 Producers have come up with bubbly designed to be mixed with ice NYT New York FOR years, Bill Murray has enjoyed an unorthodox drink: Champagne on ice. “The way I like to drink it is in a big pint glass with ice,”
      NYT  -  515 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      322 31 CRYPTIC CROSSWORD Across 1 Combat with lives in balance (6) 4 Radio set used to find celestial body (8) 9 Physical resistance found in Tube (6) 10 Lady exposes Mellors’s rear, holding on (8) 11 More corpulent and porky right after drink (8) 13 Films covert agency employing flipped operatives
      322 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      49 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK OFFSHORE CHRONOGRAPH IN STAINLESS STEEL as Audemars Piguet Le Brass us SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LI AT TOWERS #01 -03 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CASINO LEVEL B2M-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
      49 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      33 1 30-31 JULY 2016 THE BUSINESS TIMES WEEKEND PosessesIN GOLF HOW POSTURE INFLUENCES A PERSON’S PERFORMANCE HENRIK STENSON MAJOR GOAL DONE, NOW HE’S AFTER OLYMPIC GOLD THE AUDI INTERVIEW MEET GAYATRI BOSS G. SHANMUGAM
      33 words
Page thumbnail Page 2
  • 30-31 JULY 2016 | THE BUSINESS TIMES WEEKEND Swing
    • Article, Illustration
      Lock icon GREATEST EVER FINISH
      434 2  -  editor’s letter BY S. MURALI Did you watch it? The recent British Open duel between Henrik Stenson and Phil Mickelson is now arguably the greatest ever finish to a golf Major. The two 40-somethings left the alleged Big Four (Jason Day, Jordan Spieth, Dustin Johnson and Rory
      434 words
    • Article, Illustration
      Lock icon HIGHLY DRIVEN NATURE
      944 3  -  BY JUSTINE MOSS GBY JUSTINE MOSS HI HLY DRIVEN NATURE Shanmugam, founder and CEO of Gayatri Restaurant, started the business back in 1996 and now has four restaurants in Singapore. Over the years, the brand has grown into a household name synonymous with excellent Indian cuisine. The
      photos by Jonathan Choo, courtesy of Audi  -  944 words
    • Article, Illustration
      Lock icon THE 10 WORST WAYS TO DIE ON A GOLF COURSE
      626 4 / 5  -  SADLY, IT DOES HAPPEN THE RUNDOWN Brittany Romano ATHE RUNDOWN THE 10 WORST WAYS TODIEONAGOLFCOURSE SADLY, lthough rare, it’s possible to play lights out for good. In 2014,30,047 people visited the emergency room with golf-course-related injuries and 15,225 more as
      illustration by Dan Woodger  -  626 words
    • Article, Illustration
      Lock icon POWER POSES
      1693 6 / 7 BEST-SELLING AUTHOR AMY CUDDY ON THE SKILL OF BODY LANGUAGE Your TED Talk and your book focus on power posing. What do we need to know? People tend to think body language is about communicating with others, not with the self. Body language is really about what your
      photos by Getty Images  -  1,693 words
    • play it
      • Article, Illustration
        Lock icon TIGHT AT THE TOP
        460 8  -  BY TAN JU KUANG To say that Singapore’s top corporate golf series is closely contested is a gross understatement. After two rounds played of the 2016 Business Times Corporate Golf League, only two points separate the top three teams. And the fifth place team is just
        photos: courtesy of Spectacle Hut, Fitness First  -  460 words
      • Article
        Lock icon PLAY FOR CHARITY
        103 8 Al-Muttaqin Mosque, which is located the Ang Mo Kio GRC, will be organising its Charity Golf Tournament on Aug 31 at noon. The mosque, built in 1980, was established with the mission to cater for the religious needs of the community and provides other social services. It
        103 words
    • tried & tested
      • Article, Illustration
        Lock icon PROFESSIONAL GEAR FOR THE EYES
        163 8 Don’t look now, but taking care of your eyes is part and parcel of playing sports, especially golf. PROGEAR eyewear takes this protection leaps and bounds ahead of just keeping UV rays away by also offering protection from physical danger. The PROGEAR Eyeguard range includes
        163 words
      • Article, Illustration
        Lock icon YOUR PARTNER IN FITNESS
        157 8 If getting and staying fit is one of your goals, then finding a fitness centre to help you achieve it is as important as making the commitment to do so. Fitness First has been helping its members reach their fitness objectives since it opened its first
        157 words
    • Article
      Lock icon BT CORPORATE LEAGUE
      109 8 Team TMCC RCC Total (Tampines) (Lake) Edge Golf Emerio Team Boustead Team SunMoon The Crane Boomers Team Citi Bank of Singapore (OCBC) Swinging Scribes Gayatri Team KPMG Team Centurion Singapore Pools Team Fullerton Health Audi Sport 110 114 108 107 101 98 106 99 89 96 87
      109 words
    • Article, Illustration
      Lock icon DON’T CHEAT YOUR FINISH YOU WON'T GET FAR IF YOU STOP SHORT
      294 9  -  WHAT THE PROS KNOW PLAY YOUR BEST BY HANK HANEY Hank Haney is based at the Hank Haney Golf Ranch, Lewisville, Texas. To get fixed in Golf Digest, send him your swing on Twitter: @HankHaney. A big key
      illustration by Chris O’Riley  -  294 words
    • Article, Illustration
      Lock icon TORCHBEARERS
      2628 10 / 11  -  IN RIO, THESE GOLFERS ARE PLAYING FOR MORE THAN A PLACE IN HISTORY BY JAIME DIAZ Those who judge athletic excellence strictly on the basis of “faster, higher, stronger” are probably doubtful that golf is good for the Olympics. But anyone who has ever included “farther, straighter, fewer” in
      tnp photo: Choo Chwee Hua, courtesy of Audi  -  2,628 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      24 2 IN TIME WITH With content by Reprinted by permission from the 08/16 issue of Golf Digest®. Copyright© 2016 Golf Digest Publications. All rights reserved.
      24 words
Page thumbnail Page 3
  • Page 3 Advertisements
Page thumbnail Page 4 / 5
  • Page 4 / 5 Advertisements
    • Advertisement
      Lock icon Page 4 / 5 Advertisements Column 1
      80 4 / 5 ■V B9£k r' 7 I Wrw^ i! ft -~r, N IB I 31 <"<* ra i 1 ft «Efe I K Sws TAT •7T' Reliability Behind this word, a company was built. Recognized by its distinctive GREEN TIP synonymous with quality gear and excellent service. This is what we believe.
      80 words
    • Advertisement
      Lock icon Page 4 / 5 Advertisements Column 2
      227 4 / 5 -Jj ft -■mi, n r*Y W t VXlw mm 1 '/A- .-m V s m ii m|f ii I IT 2*1 Scloncoft Motion Sport a GAIN AN EDGE IN EVERY SWING As one of the world’s most popular sports, the game of golf has evolved over time, from the woven
      227 words
Page thumbnail Page 6 / 7
  • Page 6 / 7 Advertisements
    • Advertisement
      Lock icon Page 6 / 7 Advertisements Column 1
      228 6 / 7 STAY HYDRATED With UFC Refresh Coconut Water Tee off better throughout your game with these helpful hydration tips! TIP 1 IT’S NOT JUST ABOUT WATER The key to proper hydration is replenishing the electrolytes in one’s body. Our bodies need a balance of electrolytes, namely potassium, magnesium, phosphorus, sodium and
      228 words
Page thumbnail Page 8
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      211 9 We cherish your trust as much as we treasure your health. To our dearest corporate partners, thank you. For choosing us because we know you always have choices For believing in us because trust is paramount in our work For supporting us because your confidence adds to our strength It's
      211 words
Page thumbnail Page 10 / 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      74 12 ROLEX THE EXPLORER II Built to accompany intrepid explorers, engineered for adventures to extreme frontiers. It doesn’t just tell time. It tells history. 24 V o o o (1/ f o no J 00 01 28 O O o 12 OYSTER PERPETUAL EXPLORER II <«)> Cortinawatch CHINATOWN POINT, #01-08/09. TEL!
      74 words