The Business Times, 29 June 2015

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Microfilm: NL33513
Total Pages: 25
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    31 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, June 29,2015
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  • DAILY DIGEST
    • Article, Illustration
      Lock icon Australian Prime Minister Tony Abbott
      32 1 spent part of his first full day in Singapore encouraging local businesses to invest in infrastructure development and other commercial opportunities in Northern Australia. TOP STORIES 2
      32 words
    • Article
      Lock icon The Bank of International Settlements
      25 1 warns that more attention should be paid to the risks of normalising loose monetary policies too slowly. TOP STORIES 2
      25 words
    • Article
      Lock icon Takashimaya Singapore
      37 1 posted a 2 per cent rise in sales to hit a record S$652 million last year. But net profit eased 6.7 per cent to S$43 million for the year ended Dec 31. top stories 5
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    • Article
      Lock icon Sydney’s home price growth
      30 1 is well into the double digits, fed by record low interest rates, a rapidly rising population, chronic undersupply and a stream of Asian money.REAL ESTATE 14
      30 words
    • Article
      Lock icon Some fund managers
      31 1 are prospering by ignoring the risks of another financial crisis brought on by the prospect of a Greek default and moving money into European stocks. BANKING FINANCE 17
      31 words
    • Article
      Lock icon Oil pricing agency Platts
      39 1 is changing how it assesses oil product values in Asian trade from July 1 in a move that is expected to boost volumes and encourage the use of regional oil storage facilities. ENERGY COMMODITIES 18
      39 words
    • Article
      Lock icon One of China’s biggest
      31 1 foreign policy successes takes concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure investment Bank in Beijing. GOVT ECONOMY 21
      31 words
    • Article
      Lock icon US stocks
      34 1 slipped again last week as traders hedged against the growing possibility that Greece will exit the eurozone and the danger of a bear market in Chinese stocks spreading worldwide. GOVT ECONOMY/ 22
      34 words
    • Article
      Lock icon Air traffic
      22 1 between Singapore and two of its major travel markets, China and Thailand, is recovering after last year’s Slump. TRANSPORT/ 23
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  • Article, Illustration
    Lock icon S’poreans’ love affair with non-housing property fades
    1130 1  -  Purchases of industrial and commercial property continue to slide, erasing previous buying triggered by clampdown on residential sector By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPOREANS’ move from the housing to non-residential market appears to be tapering out. Figures show that purchases of industrial
    Source: JTC, Knight Frank Research  -  1,130 words
  • Article, Illustration
    Lock icon End game for Greek crisis as loan defaults loom?
    922 1  -  ECB forecast to flood eurozone with liquidity on Monday by stepping up QE purchases of securities By Neil Behrmann btworld@sph.com.sg London GLOBAL market participants are fretting that the Greek crisis is heading for a climax of likely loan defaults, probable temporary
    PHOTO: REUTERS  -  922 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,320.90 +19.94 KL Comp 1,710.47 -11.30 Nikkei 225 20,706.15 +531.91 Hang Seng 26,663.87 -96.66 Shenzhen B 1,436.72 -77.29 Dow 17,946.68 -69.27
    25 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      55 1 8 "*****1 *****4 TOPLINE UnionPay eyes the rural unbanked COMPANIES MARKETS 6 MONDAY MULTIPLE The art of asset allocation GOLDEN JUBILEE YOUNG INVESTORS’ FORUM 15 CEOs on celebrating SG50 NEW RESTAURANT A triumph of textures DINING OUT 25 VIEWS FROM THE TOP 16 OCBC GOES THE EXTRA MILE TO ENSURE
      55 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Abbott woos S’pore investors with Northern Australia opportunities
      517 2  -  Aussie leader and PM Lee to sign Comprehensive Strategic Partnership between the two countries By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AUSTRALIAN Prime Minister Tony Abbott spent part of his first full day in Singapore on Sunday courting local investors, encouraging them to
      PHOTO: TONY ABBOTT’S INSTAGRAM PAGE  -  517 words
    • Article
      Lock icon BIS flags risks if monetary policies too slow to return to ‘normal’
      775 2  -  Persistent low rates see risks migrating to other parts of financial system By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT INTEREST rates have been “extraordinarily low for exceptionally long”, and this points to the global economy’s struggle to shake off
      775 words
    • Article
      Lock icon L Capital rescues Jones the Grocer in S$2.75m buy
      744 2  -  By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore BELEAGUERED Australian gourmet chain Jones the Grocer has been sold to Fresh Bay Investments for S$2.75 million, said parties involved in the sale, revealing the transaction amount for the first time on Sunday. Fresh Bay
      744 words
    • Article
      Lock icon NSS Group’s Gambas industrial project slated for July launch
      751 2  -  The group is confident its pricing advantage will help ramp up sales By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NSS Group, whose ultimate shareholders include developer Ng Teng Yeng, is launching industrial project Proxima@Gambas in July and a preview for the project
      751 words
    • Article
      Lock icon DB Platinum
      9 2 Crod Branchen Stars R1C-A 19/06/2015 236,55 EUR
      9 words
    • Article, Illustration
      Lock icon OCBC goes the extra mile to ensure staff well-being
      1164 4  -  With over 29,000 staff, bank has invested some S$700 million in the past 10 years on more than 75 HR initiatives and programmes By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore ONE does not normally associate family support groups with a bank
      1,164 words
    • Article, Illustration
      Lock icon Takashimaya Singapore sales up 2% last year but profits slip
      802 5  -  Strategy of refreshing store regularly pays off, but retailer is mulling entry into online retailing By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore TAKASHIMAYA Singapore, which runs the popular Orchard Road department store, posted a 2 per cent increase in sales to
      PHOTO: SHAWN TEO  -  802 words
    • Article
      Lock icon Clarke Quay to be Zouk’s new home
      504 5  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NIGHTCLUB Zouk is moving to CapitaLand’s Clarke Quay and will take up about 31,000 sq ft of space in Block C, the landlord confirmed on Sunday. The 24-year-old night club plans to invest S$ 10 million in
      504 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      63 2 SPACE FOR LEASE PortKlangFreeZone(PKFZ) SUITABLE FOR: LOGISTICS, OIL GAS, MARINE, AUTOMOTIVE, MANUFACTURING 2 Floor Loading: Up to 50 kN/ m Flexible Lease Terms Sizes From 100,000 250,000 sqft Ceiling Height: 8 12 m Good Connectivity to Various Mode of Transport and Ports: Kuala Lumpur City, KL International Airport, Singapore, Thai
      63 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      19 2 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
      19 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      128 4 We understand how much you value time, so we did the legwork for you. aaaone is \P Japan researchers develop scanner to detect marbled meat In cattle Banks likely to feel the heat of Savings Bonds 5INGAPOR How dinner with Joseph Schooling became a $25,000 donation THE WALL STREET JOURNAL
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      156 5 Sometimes, reality is better than your dreams. The new Mercedes-AMG GT 8. Handcrafted by racers. The all-new Mercedes-AMG GT S is the dream car that you never knew you wanted. Until now. Its muscular lines and prominent hood draw you into its opulent interiors. You feel the power of the
      156 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon UnionPay eyes ‘unbanked’ in rural SEA
      862 6  -  It now has a wide payment network in three developing countries in this region: Laos, Myanmar, and Cambodia. BY JAMIE LEE TOPLINE Cambodia.BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT UNIONPAY International wants to bring its expertise in reaching the “unbanked” in the rural areas of China
      FILE PHOTO  -  862 words
    • Article, Illustration
      Lock icon Corporate strategy in a ‘VUCA’ world
      971 6  -  Volatile, uncertain, complex and ambiguous these corporate realities are current and pervasive. Having a strategy will help management make good decisions about what to do in such an environment. BY DAVID CHEW environment.BY DAVID CHEW T The writer is a member of the Corporate
      PHOTO: AFP  -  971 words
    • Article
      Lock icon PRIME LENDING RATES
      267 6 Jun 26 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 ...5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque Internationale a Bank of
      267 words
    • Article
      Lock icon Telecom investor prepares for bigger M&A deals
      524 8 Patrick Drahi will convert cable holding company Altice SA into a new Dutch entity to gain more shares which it can use in acquisitions BLOOMBERG Amsterdam PATRICK Drahi, rebuffed in his US$ 11 billion bid for French wireless carrier Bouygues Telecom, will convert
      BLOOMBERG  -  524 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 9 STI Catalist WEEKLY Straits Times Index June 26,2015 3,320.90 +19.94 (+.60%) Current streak 2 days Week high 3,351.33 Week low 3,315.13 52-week high 3,525.19 (April 17, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist index June 26,2015 667.14 -5.93 (-0.88%) Current streak 2 days week high 676.57 Week
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    • Article, Illustration
      Lock icon Greece and China to provide main focus
      628 9  -  STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT TO say that events in the eurozone took a tumultuous turn over the past weekend might possibly be an understatement. Although markets in the US closed on a mixed note on Friday, which might have ordinarily suggested
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    • Article
      Lock icon STI STOCKS
      309 9 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 unch 249/242 271 219 6 6199.5 CapitaLand 350 +14 352/335 379 293 12.8 2.6 *****.5 CapitaMall Trust 215 +6 215/209 228 188.5 5 7459.9 CityDev 982 +24 986/956 1095 915 11.8
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 9 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index June 26,2015 798.10 +2.91 (0.37%) Current streak 2 days Week high 804.88 Week low 797.56 52-week high 845.85 (Apr 17, 2015) 52-week low 766.44 (Oct 17, 2014)
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    • Article
      Lock icon GAINERS
      76 9 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 739.8 4.3 *****/***** DBXT E50 US$ 5200 322.8 4.8 5564/4562 SPDR DJIA US$ ***** 304.0 1.3 *****/***** DBXT MSEurope US$ 6089 153.3 1.9 6424/5366 DBXT MSKorea US$ 5598 109.0 1.5 6735/5435 BY PERCENTAGE CLOSE UP 52w high/low Joyas W*****5
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    • Article
      Lock icon LOSERS
      71 9 BY CENTS CLOSE DOWN 52w high/low Lyxor Idonesia US$ 7941 -1161.0 -9.8 9636/7941 SPDR S&P500 US$ ***** -357.8 -1.3 *****/***** GLD US$ ***** -277.1 -1.8 *****/***** DBXT CSI300 US$ 1196 -100.9 -5.9 1471/633 Jardine C&C 3404 -59.4 -1.7 4639.3/3395 BY PERCENTAGE CLOSE DOWN 52w high/low InterraResW*****8 0.2 -90.0 -1.8
      71 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      84 9 VOL CLOSE($) CHANGE China Hongcheng 460.1 0.024 +0.019 +380.00 Ezra 133,862.3 0.177 -0.088 -33.21 Imperium Crown 17,253.0 0.091 -0.007 -7.14 Cacola 2,116.0 0.012 +0.003 +33.33 ChinaTaisan 1 10.0 0.235 -0.065 -21.67 Tung Lok Rest 200.0 0.115 +0.005 +4.55 China Env Res 83.9 0.130 +0.019 +17.12 United Food 410.7
      84 words
    • Article
      Lock icon MOST ACTIVE
      34 9 VOLUME Armarda 352,762,300 Debao Property 330,843,900 IHC 228,517,800 Noble 225,631,900 Ezra 224,501,600 Market volume 7,248,947,000 VALUE Singtel 480,432,150 OCBC Bank 309,575,161 DBS Grp 280,779,031 UOB 211,573,569 Global Logistic 189,970,959 Market value 4,930,153,000
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    • Article
      Lock icon SGX ETFs
      113 9 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap UETF SSE50China 275 -13 1794 310/268 340/141 275/280 85.9 STI ETF 338 +3 895 341/335 355/319 337/338 IS MS INDIA US$ US752 +14 391 756/715 1000/696 752/753 94 Nikko AM STI ETF 342 cd +1 240
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    • Article
      Lock icon COMPANY MEETINGS
      84 9 COMPANY MEETING PLACE DATE TIME Ascendas Reit A 10 Kallang Avenue Tower 1 (Level 3) Rose Room 29-Jun 3.00pm Chemical Ind Ltd A 3 Jalan Samulun 29-Jun 10.30am Loyz Energy E Klapsons The Boutique Hotel eighteen. 1 2 (Lvl 18) 15 Hoe Chiang Road Tower Fifteen 29-Jun 11.00am
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 9 Jun 26 VALUE CLOSE BT OB/OS -185.00 -21.00 BT CADI -*****.00 -64.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 763.53 +0.61 FTSE ST Small Cap 480.07 -1.35 FTSE ST All Share 798.10 -5.47 FTSE ST China Top 205.29 -1.22 FTSE ST China 243.21 -1.00 FTSE
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 9 STI MSCI EAFE WEEKLY MSCI EAFE index June 26,2015 1,898.82 +15.91 (-0.84%) Current streak 4 days week high 1,922.70 Week low 1,898.82 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 9 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 5 2 0 0 0 10 5 2 Manufacturing 63 86 28 15 19 5 78 105 33 Commerce 26 31 14 4 10 8 30 41 22 Tpt/Stor/Comms 16 17 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 9 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 57,730 57,730 267,968 267,968 Manufacturing 632,323 278,211 910,534 344,933 14,748 359,681 Commerce 526,634 214,709 741,343 413,690 9,696 423,386 Tpt/Stor/Comms 719,686 13,693 733,379 916,305 1,032 917,337 Finance 95,970 634 96,604 936,427 118 936,545 Construction 137,051 55,997
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    • Article
      Lock icon Oil prices rise awaiting Greece, Iran outcomes
      775 9 COMMODITIES AFP London OIL prices rose over the week despite the crude market facing pressure from high supplies, as traders awaited deals over Greece’s bailout and Iran’s nuclear programme. I OIL The weekly US industry report showed domestic output still high and commercial
      AFP  -  775 words
    • Article
      Lock icon Japan may be nearing the end of the lost decades
      362 10  -  CURRENCIES By Kwah Wee Hong T The writer is a forex dealer at Phillip Futures. AGAINST the backdrop of improvements in major economies around the world, Japan’s economy has continued to recover moderately. Exports have started to pick up, recording
      362 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 10 Jun 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.952 4.784 0.688 5.973 49.000 102.534 0.951 8.615 2.902 1.120 78.379 34.734 1.036 9.342 0.719 23.825 26.020 0.489 0.771 Canada 1.050 5.025
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 10 Jun 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0359 1.0369 0.7702 0.7708 Canadian dollar 1.0885 1.0889 0.8095 0.8093 Euro 1.5069 1.5077 1.1204 1.1208 NZ dollar 0.9252 0.9260 0.6879 0.6884 Sterling pound 2.1188 2.1192 1.5753 1.5754
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      • Article, Illustration
        Lock icon HANG SENG
        3 10 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 10 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 10 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 10 WEEKLY
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 10 Jun26 S$ Bid Offer 1-month 1.3456 1.3461 2-months 1.3463 1.3468 3-months 1.3469 1.3476 6-months 1.3489 1.3497 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        401 10 Jun 26 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.93 *****.14 *****.32 Jun15 *****.00 *****.50 *****.00 *****.00 *****9 *****9 Jul15 *****.00 *****.00 *****.50 *****.50 *****6 *****2 NIKKEI 225 INDEX FUTURES SPOT *****.43 *****.76 *****.00 Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec15
        401 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        199 10 Most active Jun 26 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****1 13 -1.3 9086 0.2 1040 6 FTSEChinaA50 ***** MBeCW*****0 1.4 -1.7 7806 0.0 --1 FTSEChinaA50 ***** MBeCW*****9 7.7 -5.5 6836 0.0 --3 UOB
        199 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 10 In local curr In S$ In US$ dy yr dy yr dy yr Jun 26 Index Change Change Change Change Change Change World Preliminary 1347.5 -0.1 5.6 0.2 5.9 -0.2 4.0 EAFE Preliminary 1092.5 -0.3 10.7 -0.2 9.0 -0.6 7.0 Europe Preliminary 1515.3 -0.1 9.7
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 10 Jun 26 $S Offer Bid 0vernight 0.35 0.25 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.30 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
        154 words
      • Article
        Lock icon SIBOR
        36 10 Jun 26 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        71 10 Jun 26 Jun 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.5 102.57 102.48 5-Year N*****0H 1.625 01-Jul-20 99.86 99.80 99.80 10-Year NX*****Z 2.375 01-Jun-25 97 97.55 96.85 15-Year NY*****E 2.875 01-Jul-29 98.96 98.90 98.70 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 10 Jun-26 Price Net change change Last Trade Agricultural Jun-26 CBOT Soybeans (US cents/bu) 1002.00 1.75 0.17% 14/07/2015 CBOT Soybean Oil (US cents/lb) 33.22 -0.14 -0.42% 14/07/2015 CBOT Wheat (US cents/bu) 562.25 30.25 5.69% 14/07/2014 Jun-26 LIFFE Cocoa (£/tonne) 2168.00 30.00 1.40% 16/07/2015 LIFFE Coffee (US$/tonne) 1924.00 40.00 2.12%
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    • Article
      Lock icon Buying retreats as sellers step in
      1713 11  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying plunged after heavy purchases for four straight weeks while the selling among directors rebounded based on filings on the Exchange in the fourth week of June. Although the
      1,713 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      938 11 Payment Ex Rec Pay Ann (cts) date date date date Advanced Hldgs ak 0.300 16-Jun 18-Jun 29-Jun 10-Jun AIMS Prop df 0.093 26-Jun 30-Jun 18-Sep 24-Jun Ban Leong Tech ak 1.000 31-Jul 04-Aug 14-Aug 28-May Boustead S'pore Ltd ak 2.000 04-Aug 06-Aug 20-Aug 26-May CH Offshore Ltd bh
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1313 11 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 11.75 0.96 0.70 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 12.86 1.69 1.50 Ascendas Reit 1.82 1.85 14 0.15 16.44
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      3893 8 SIA EDGinEERinG com PAHY SIA ENGINEERING COMPANY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1025C NOTICE OF ANNUAL NOTICE IS HEREBY GIVEN that the 33rd Annual General Meeting of SIA Engineering Company Limited (“the Company”) will be held at Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore,
      3,893 words
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  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      152 10 Ask the Forex Experts At Phillip Futures 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 This advertisement is for general information only and does not constitute a recommendation, offer or solicitation to buy or sell any investment product. It does not have regard to
      152 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Sydney’s ‘crazy’ housing market no mere craze
      831 14 Homebuyers have little prospect of relief amid rising prices fed by record low interest rates and foreign capital REUTERS Sydney OUTLANDISH property prices make daily headlines in Sydney a peeling 1900s three-bedder with no kitchen sink for A$2.6 million (S$2.68 million), a parking
      REUTERS; PHOTO: REUTERS  -  831 words
    • Article
      Lock icon Demand for mini-flats on the rise in China
      535 14 REUTERS Hong Kong TINY is the new big for Chinese property buyers who are snapping up smaller, more affordable apartments as property prices in big, busy cities rise, fuelled by scarce land and a surge in demand due to lower borrowing costs.
      REUTERS  -  535 words
    • Article
      Lock icon Gap, Old Navy to set up shop at Times Square
      516 14 BLOOMBERG New York GAP Inc will take over most of a massive store in New York’s Times Square that will be vacated by Toys “R” Us Inc in early 2017. The store at 1514 Broadway will be divided up to
      BLOOMBERG  -  516 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1911 14 GREAT GROUP HOLDINGS LIMITED (Company Registration No. *****4077W) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Great Group Holdings Limited (the “Company”) will be held on 14 July 2015 at 10:00 a.m. at 4 Shenton
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Building your own portfolio
      1096 15  -  Be clear about your aims, ditch the herd mentality and perform due diligence in your search for quality counters. BY TERENCE CHUA BY TERENCE CHUA The writer is a recent graduate from SMU with a major in finance PORTFOLIO building today is challenging. The wide array
      PHOTO: REUTERS  -  1,096 words
    • Article, Illustration
      Lock icon The art of asset allocation
      1549 15  -  MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT THERE was a popular Japanese video game in the 1990s called Pokemon with the slogan: “Gotta catch ’em all!”. In the game, you collect monsters and train them to fight other monsters. Like that game, investors in financial
      PHOTO: AFP  -  1,549 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      113 15 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon CELEBRATING SG50
      1695 16 THIS WEEK’S TOPIC How is your organisation marking Singapore’s Golden Jubilee? What special SG50 “treats” are in store for your staff Peter ter Kulve President, South-east Asia Australasia Unilever SINGAPORE’S jubilee is an opportunity for all of us to celebrate the success of this great diverse and vibrant
      FILE PHOTOS  -  1,695 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Unfazed by Greece, some fund managers stay bullish on Europe
      635 17 REUTERS New York THE prospect of Greece defaulting on its debt has long been viewed as the recipe for a global stock market disaster. Yet some fund managers are prospering by ignoring the risks of another financial crisis and moving
      REUTERS; PHOTO: REUTERS  -  635 words
    • Article
      Lock icon Regulation, rating shifts cast shadow over unsecured debt
      542 17 IFR London INVESTORS looking to buy senior bank debt are facing an ever-growing minefield of shifting regulatory goalposts and changing rating methodologies, turning this funding cornerstone into a much less palatable investment. Seven years after the financial crisis, investors are still grappling
      IFR  -  542 words
    • Article
      Lock icon China wants more privately owned banks
      249 17 REUTERS Beijing CHINA’S banking regulator said that it will permit the establishment of more privately-owned banks and allow foreign investors to participate in the reform process to help shore up the state-dominated financial sector. The government has taken a series of steps to increase
      REUTERS  -  249 words
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      Lock icon The buck stops with the compliance officer
      914 17 They are paid well to stop insider trading, collusion, money laundering and more BLOOMBERG New York TO hear Jamie Dimon tell it, regulation and the cost of compliance are becoming a threat to the American dream. “In the old days, you dealt with
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      67 17 OF TORQUE TORQUE 25 th BIRTHDAY SUBSCRIPTION SPECIAL {ONE-TIME ONLY OFFER} HAVE MORE CARS PC24_ SIGNS THAT SINGAPORE CAN HAVE MORE CARS PC24 NEW S "LOOK' I J 'i'l h i -ri NEW VOLVO XC90 ISA DELIGHTFUL SEVEN-SEATER SUV PRINT ISSUES OF TORQUE FOR THE PRICE OF 12! at only
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Platts changes how it assesses oil product values in Asia trade
      586 18 From July 1, FOB S’pore price assessments will no longer specify a loading point in S’pore or southern M’sia REUTERS Singapore OIL pricing agency Platts is changing how it assesses oil product values in Asian trade from July 1
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      Lock icon Venezuela’s oil industry plagued by piracy and holdups
      832 18 REUTERS Maracaibo, Venezuela WHEN night falls over western Venezuela, armed gangs known as “pirates” sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells. In the country’s Paraguana peninsula, slum dwellers at times break through a perimeter wall into
      REUTERS; PHOTO: REUTERS  -  832 words
    • Article
      Lock icon US corn farmers lobby to overturn sugar programme
      319 18 REUTERS Chicago THE powerful US corn lobby is launching an unusual offensive against the country’s sugar sector, an old foe in the lucrative sweetener market: seeking to overturn the controversial, near-century old US sugar programme. The Corn Refiners Association, which represents high-fructose
      REUTERS  -  319 words
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      Lock icon Gold mining sector showing signs of revival
      622 18 REUTERS Vancouver THE global gold mining industry is showing signs of life as merger activity picks up and industry veterans set up new companies and hunt for projects, taking advantage of weak prices to lay the groundwork for a rebound. Almost four years
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      367 18 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF FACILITIES DESIGN BUILDERS PTE LTD (Company Registration No: *****6121R) (In Members’ Voluntary Winding Up) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 12 Tannery
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      242 18 Invest in dividend stocks with potential growth brings you the most investment returns. You will be able to profit from the dividend payouts as well as capital gains of the stock over time. Thus, it is important for us to learn the methods to identify such quality companies. Value Investing
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      132 18 REDEFINING IDEAS printpack+sign Singapore’s printing, packaging signage business exhibition V Packaging Equipment Materials Gift Boxes Mooncake Packaging Paper Packaging Etc. 3St 29 31 JULY 2015 Marina Bay Sands, Singapore Sands Expo Convention Centre Level 1, Hall B TRADE ‘Free admission, register now! BUYERS www.PrintPackSign.com/reg/2 ONLY! Interested to exhibit? Tel: (65)
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  • TECHNOLOGY
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      Lock icon US researchers report faster fibre optic transmissions
      869 19 They achieve this by “predistorting” data transmitted via laser beams NYT New York ONE way to understand a challenge of sending data through fibre-optic circuits is to imagine a person shouting to someone else down a long corridor. As the listener moves farther
      NYT  -  869 words
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      Lock icon Lexus tests hoverboard, maglev technology
      388 19 AFP Tokyo THE future is here already or at least the one imagined for Marty McFly with a carmaker unveiling a real, working hoverboard, like that used in the Back To The Future film franchise. Toyota’s luxury car brand Lexus says that it has created
      AFP; PHOTO: AFP, TOYOTA MOTOR  -  388 words
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      Lock icon Handwriting not on the wall for fax machines
      792 19 AFP Paris IT may have slipped from its golden age into its golden years, but two decades into the Internet era the fax machine is still, perhaps surprisingly, holding its place in many offices. While it has been reduced to a small
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      Lock icon IBM’s Watson is now training to be a cancer specialist
      1164 19 WP Houston CANDIDA Vitale and the other fellows at MD Anderson’s leukaemia treatment centre had known each other for only a few months, but they already were very tight. But she wasn’t quite sure what to make of the new
      WP; PHOTO: AFP  -  1,164 words
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  • CONSUMER
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      Lock icon H&M working on mysterious new brand set for 2017 launch
      966 20 It’s also investing heavily in e-commerce and higher-end brands like COS, and launching a beauty line in July BLOOMBERG, REUTERS BUSINESS New York SWEDEN’S Hennes Mauritz (H&M), the world’s second-biggest fashion retailer, is looking into new store concepts and may
      BLOOMBERG,; REUTERS; BUSINESS; PHOTO: REUTERS  -  966 words
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      Lock icon Virtual reality sweeps shoppers into new retail dimension
      327 20 REUTERS Los Angeles A shopper in France gazes into a virtual reality (VR) headset and is transported to the bustle of a Manhattan street, then steps into a high-end boutique to browse crystal chandeliers, a chaise lounge draped with a sheepskin throw,
      REUTERS  -  327 words
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      Lock icon US flavour firm bets on natural foods trend to stay
      809 20 BLOOMBERG New York A 28-YEAR-old foodie from the Bronx is a New Jersey company’s weapon in its bid to take over the world’s flavour market. With pierced ears and a stylised black Yankees cap cocked to one side of his
      BLOOMBERG  -  809 words
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      1705 20 The Business Times NOTICES STATE OF WISCONSIN CIRCUIT COURT POLK COUNTY Idle-Awhile Farm, LLC, Case Type: Other Real Estate Plaintiff, Case Code: ***** -vsPricilla Barrott Case No. 14 CV 333 Edith Windmiller Mary E. M. Badger Filed in Polk County James M. Maybach September 19, 2014. Michael J. Maybach Susan
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  • GOVERNMENT & ECONOMY
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      Lock icon AIIB to take concrete shape as delegates meet
      640 21 Founding members to sign articles of agreement that decide each member’s share and the bank’s initial capital REUTERS Beijing ONE of China’s biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on
      REUTERS  -  640 words
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      Lock icon HRW critical of JICA, optimistic about AIIB
      480 21  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE China-led Asian Infrastructure Investment Bank (AIIB) is likely to observe international standards in avoiding abuses to individuals and communities impacted by infrastructure projects in Asia and elsewhere, says Brad Adams, a senior executive of Human Rights Watch
      480 words
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      Lock icon HSBC ends 5-year collaboration with Markit
      252 21 REUTERS Hong Kong HSBC has ended its marketing tie-up with financial information firm Markit Ltd, both companies told Reuters on Friday, winding up a five-year relationship. The two firms said that HSBC had ended its sponsorship of the closely watched China Purchasing Managers Index
      REUTERS  -  252 words
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      Lock icon Stocks slip as traders hedge against Grexit
      995 22  -  Threat of eurozone bank crisis, Chinese rout could awaken the rest of the sleeping US stock market WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US STOCKS slipped again last week as traders hedged against the growing possibility that Greece will exit the eurozone
      PHOTO: REUTERS  -  995 words
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      Lock icon Unwinding of Japan’s web of corporate cross shareholding likely: report
      708 22  -  By Anthony Rowley btworld@sph.com.sg Tokyo FOR years, there had been speculation that Japanese financial institutions and business firms were about to unwind their webs of mutual cross shareholdings, thereby freeing up capital while at the same time increasing the “free
      708 words
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      Lock icon Greece continues to haunt Christine Lagarde’s stellar career
      777 22 AFP Washington CHRISTINE Lagarde has crossed the Atlantic to swap her job as a French minister for a place in the global economic elite at the head of the International Monetary Fund (IMF). But she has never been able to leave behind
      AFP; PHOTO: AFP  -  777 words
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      Lock icon Smaller German firms see EU-US TTIP trade deal as a big hurdle
      648 22 REUTERS Berlin MARTINA Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across
      REUTERS; PHOTO: REUTERS  -  648 words
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      150 21 Enter your most exceptional wines for the third edition of The Business Times Wine Challenge 2015- CEOs' Choice awards, in partnership with UBS. We are looking for 10 of the year's top labels, which will be picked by a panel of judges comprising CEOs and technical experts, led by international
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  • TRANSPORT
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      Lock icon Air traffic between Singapore and China, Thailand recovering
      601 23  -  But inbound visitors from China still lagging from 2013 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AIR traffic between Singapore and two of its major travel markets, China and Thailand, is recovering after last year’s slump, according to data from the Changi Airport
      Source: Changi Airport Group  -  601 words
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      Lock icon Aviation drives China airport building frenzy
      769 23 REUTERS Beijing WHEN Mangshi opened its airport two decades ago, the small tropical city on China’s border with Myanmar was served by few airlines. China’s recent travel boom has changed that seven carriers brought in more than one million visitors last year. “We had
      REUTERS; PHOTO: REUTERS  -  769 words
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      Lock icon Japan beating China in race for Bangladesh’s first deep-sea port
      775 23 WP New Delhi JAPAN is beating out China in a race to build Bangladesh’s first deep-sea port as the region’s powers jostle for a foothold along a key shipping lane. Construction of the 18-me-tre-deep port at Matarbari on Bangladesh’s south-east
      WP  -  775 words
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      Lock icon Alibaba delivery unit to set up network of hubs across China
      442 23 BLOOMBERG Shanghai ALIBABA Group Holding Ltd’s delivery arm is establishing a Chinese network of unprecedented scale, even as it expands warehousing in the US and elsewhere to propel the e-commerce operator’s global ambitions. Zhejiang Cainiao Supply Chain Management Co,
      BLOOMBERG  -  442 words
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      10 23 I m±*m #sg50singalong mm SCAN JOIN Efl www.sg50smgalong.sg Wsitb50K|B]£4k^£i|B! 0
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      56 23 m •ggwpw boost manpower O 0* 4 July 2015 (Saturday) 2pm to 5pm 77i/s seminar is conducted in Chinese Lifelong Learning lnstitute@WDA, Lecture Theatre, Level 2 (3 min walk from Paya Lebar MRT) 11 Eunos Road 8, Singapore *****1 Registration fee: $10 nett (including refreshments and goodie bag) Register online:
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1898 24 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 MALAYSIA STAR 47 50 10/7 11/7 16/7 18/7 19/7 CALMY CORAL 90 60
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      104 24 Experienced Stl/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THEliLSINtSSTIMKS SHIPPING TIMES Make A Splash In The Maritime World Via itime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
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  • DINING OUT
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      Lock icon A triumph of textures
      1163 25  -  Chef Taku Ashino’s eponymous eatery is a rare culinary gem in CHIJMES. BY JAIME EE CHIJMES.BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Ashino #01-23 CHIJMES 30 Victoria Street Tel: 6684 4567 Open for lunch and dinner Tues to Sun: 12pm to 2pm; 6pm to 11pm. Closed
      PHOTOS: JAIME EE  -  1,163 words
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      182 25 Z1 Z2 Z3 ll r ♦< STIOBS )^CAREER& Ha^ahT Gi 1 H 4Rl! DEVEL0PMENT2015 Dl PAMERAN PEKERJAAN KAMI, SEGALAIMYA TEIMTAIMG DIRI ANDA. *<d Zk Z5 4: 13 LAKUKAIM SENDIRI KENALI DIRI ANDA Jl <7 KEIMALKAN DIRI ANDA pERA GAKAN DIRI ANDA pERT G KATKAN DIRI ANDA MASA 10pg ?ptg HARI
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  • LIFE & CULTURE
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      Lock icon Like the real game, fantasy sports are now worth billions
      563 26 AFP New York FANTASY sports were once just a fun way for diehard fans to express their love of the game together with other zealots, without actually getting out on the field themselves. Now they are a multibillion-dollar business whose
      AFP  -  563 words
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      Lock icon Wall Street’s women problem
      894 26 Women at the biggest US investment banks see few opportunities to advance and none has been made CEO BLOOMBERG New York THE first woman to run a Wall Street firm could be a behavioural scientist, a mathematician or an engineer. Three women with these backgrounds Karen
      BLOOMBERG; PHOTOS: BLOOMBERG, FILE  -  894 words
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      Lock icon Top chefs now cater to diners with allergies
      795 26 AFP Montpellier, France WHEN French superchef Alain Ducasse stunned the world of haute cuisine last year by dropping meat, boosting veggies and lightening up his menus, he was less bucking convention than joining a trend of accommodating vegetarians and people with food
      AFP; PHOTO: BLOOMBERG  -  795 words
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      Lock icon Art collectors’ new problem: when art is too big to store at home
      546 26 BLOOMBERG New York FOR collectors returning from Art Basel, one question looms large: Where do you put that 16-foot-tall and 29.5-foot-wide painting that comes with six pink chairs? Tony and Elham Salame, who purchased the work by
      BLOOMBERG; PHOTO: REUTERS  -  546 words
  • Page 26 Miscellaneous
    • Miscellaneous
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      322 26 CRYPTIC CROSSWORD Across 1 Verification of company land occupied by business (12) 9 Service provider’s basic error? (4,5) 10 A word of comfort leaving artist her easel (5) 11 Guarantee sent without cover, of course, to American (6) 12 Retailers for whom frost is disastrous around the end of April
      322 words