The Business Times, 30 June 2016

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Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, June 30, 2016
    22 words
  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 2,792.73 +36.20 KL COMP 1,642.21 8.17 NIKKEI 225 15,566.83 +243.69 HANG SENG 20,436.12 +263.66 SHENZHEN B 1,093.36 +2.56 DOW (11.45AM EDT)17,624.79 +213.70
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  • Article, Illustration
    Lock icon DAILY DIGEST
    196 1 EU leaders agree that Britain cannot have access to the single market without accepting the bloc’s rules on free movement. TOP STORIES 4 Local PMETs looking to join the logistics industry will now have a Professional Conversion Programme catered to them. TOP STORIES 5 CNMC Goldmine cites size
    196 words
  • Article, Illustration
    Lock icon Financial strength of some insurers here could be sapped in short term
    782 1  -  Market observers say that while insurers’ investment portfolios differ, prolonged volatility from Brexit could lower their capital adequacy ratios By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE capital adequacy ratio (CAR) or financial strength of some insurers in Singapore
    Source: Monetary Authority of Singapore, compiled by Wen Research  -  782 words
  • Article
    Lock icon UOB suspends London property loans programme
    568 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore UOB has become the first bank here to suspend its overseas loans programme for London properties in the wake of the “Brexit” vote. Confirming this, the bank’s spokeswoman told The Business Times on Wednesday that it will temporarily
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      85 1 8 "887 1 8 1 *****1 PROPERTY FOR SALE OCBC puts Bukit Pasoh shophouses on market TOP STORIES 2 HOCK LOCK SIEW SingPost AGM: chance to ask about goodwill issues COMPANIES MARKETS 6 r P •-.v f XJ r CRAFTING ETERNITY SINCE 1755 Our continuous history reflects the transmission of
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      11 1 POST BREXIT Fight globalisation and Brexit angst with truth opinion 22
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  • TOP STORIES
    • Article, Illustration
      Lock icon Uber launches uberPOOL in another self-disrupting move
      949 2  -  The service enables riders with same destination to share a ride, which could cost up to 25% less than an uberx ride By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IN true “disruptor” style, Uber threw a raucous party on Wednesday to mark the Singapore
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    • Article
      Lock icon Short-term nimbleness key to navigating volatile markets: Dymon Asia
      702 2  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MARKETS today are buffeted by unprecedented macroeconomic conditions, and making money in the turbulence requires investors to be nimble and to distinguish long-term convictions from short-term opportunities, said Danny Yong, chief investment officer of Dymon
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    • Article, Illustration
      Lock icon OCBC puts Bukit Pasoh shophouses on market
      752 2  -  It has owned the two conservation shophouses since 1935; guide price is about S$20m or S$2,350 psf on GFA By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore OCBC is putting another property in its historical property portfolio up for sale. This time it is a
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    • Article
      Lock icon Islamic State blamed for Turkey airport attacks
      810 2 Ankara COORDINATED suicide attacks at Istanbul’s international Ataturk airport killed at least 41 people, tearing through the terminal at one of the busiest travel times of the year as Turkey struggles to contain the spillover from Syria’s civil war. Islamic State is likely
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    • Article, Illustration
      Lock icon No single market a la carte for UK: EU leaders
      1065 4 Another summit to be held on Sept 16 to discuss further fallout from Brexit vote BREXIT FALLOUT AFP REUTERS BLOOMBERG Brussels EU leaders agreed on Wednesday that Britain cannot have access to the single market after leaving the union without
      AFP; REUTERS; BLOOMBERG; PHOTO: REUTERS  -  1,065 words
    • Article
      Lock icon Why cheaper pound doesn’t work out to cheaper UK cars in S’pore
      562 4  -  By Samuel Ee samuelee@sph.com.sg Singapore THE slump in the pound sterling is not going to mean cheaper British cars; on the contrary, it may lead to higher prices, say some dealers. “We deal in Sing dollars, not the
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    • Article, Illustration
      Lock icon Easy Brexit? A frayed knot!
      714 4  -  A majority of British voters have chosen to leave the European Union (EU), but numerous issues need to be untangled before the United Kingdom can actually break away from its continental neighbours. BT Explains BY KENNETH LIM When will that happen? The UK government is
      Compiled by BT; BT Graphics: Gareth Chung & Simon Ang  -  714 words
    • Article, Illustration
      Lock icon Elite 8 set for showdown; tough to predict final 4
      774 5  -  COMMENTARY: EURO 2016 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT THE first knockout round at the European Championships in France saw the field of 16 whittled down to eight, and this octet of teams is now ready to resume their relentless quest
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    • Article
      Lock icon Conversion programme launched for PMETs to join logistics industry
      523 5  -  By Renald Yeo yrenald@sph.com.sg Singapore LOCAL professionals, managers, executives and technicians (PMETs) looking to join the logistics industry will now have a Professional Conversion Programme (PCP) catered to them. Some 150 vacancies for PMETs for job roles as logistics officers and
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      308 5 FREE ADMISSION* Trade Office Buyers Only! FINAL 2 DAYS! tfSGPFair Singapore Gifts Premiums Fair 2016 29 JUNE 1 JULY 10:30am 6.30pm (Wed Thu) 10:30am 5.30pm (Fri) Level 1, Hall B C Marina Bay Sands, Singapore -vA Iqkjjr The annual showcase of promotional, corporate, incentive and retail gifts! Singapore’s Best Gifts
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    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      10 5 Singaporeans from SMEs enjoy up to 70%* off course fees
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  • COMPANIES & MARKETS
    • Article
      Lock icon SingPost AGM: chance to ask about goodwill issues
      895 6  -  HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT MUCH has been said already about the fateful acquisitions that recently thrust Singapore Post’s corporate governance into the public spotlight, led to a special audit that unearthed weak controls on directors’ disclosure of conflicts
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    • Article, Illustration
      Lock icon CNMC’s acquisition target attractive for size and proximity: vice-chairman
      603 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE new concession in which CNMC Goldmine is planning to acquire a controlling stake is attractive due to its size and proximity to its current site, said the firm. The Catalist-listed gold producer on Tuesday
      BT Graphics  -  603 words
    • Article
      Lock icon Del Monte Pacific swings to the black for Q4, full year
      575 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore DEL Monte Pacific swung to the black in the final quarter ended April 30, 2016, recording a net profit of US$19.2 million compared with a loss of US$4.2 million a year ago. The
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    • Article
      Lock icon UOB to offer Asia’s first rose-gold metal lady’s card
      286 6  -  By J Lossini jlossini@sph.com.sg Singapore UNITED Overseas Bank (UOB) says it will offer Asia’s first rose-gold metal cards to 1,000 UOB Lady’s card members at the end of September. Jacquelyn Tan, managing director and regional head of cards and payments, UOB,
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    • Article
      Lock icon Keppel Fels eyeing large US Gulf of Mexico project
      698 7  -  It has teamed up with SBM Offshore to bid against France’s Technip for a front-end engineering and design award By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE rig-building arm of Keppel Offshore Marine is understood to be eyeing roles in the
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    • Article
      Lock icon Asian bonds show resilience, value in Brexit turmoil: analysts
      413 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore ANALYSTS are touting Asian fixed income as an attractively priced and resilient asset class as markets grapple with Britain’s expected exit from the European Union (EU), but views are split on which end of the
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    • Article
      Lock icon Catalist-listed DeClout’s subsidiary lodges prospectus for mainboard listing
      427 7  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IN a year (or rather, two years) where much of the focus has been on the new listings snagged by the Catalist board rather than by the mainboard of the Singapore Exchange, there could soon be
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    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist Straits Times Index June 29,2016 2,792.73 +36.20 (+1.31%) Current streak 2 days Day high 2,801.48 Day low 2,767.44 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index June 29,2016 439.38 +4.02 (+0.92%) Current streak 1 day Day high 441.56 Day low 437.53
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 593.6 2.2 *****/***** DBXT Nifty US$ ***** 375.0 2.3 *****/***** DBXT MSKorea US$ 5271 257.7 3.8 5608/4478 Jardine C&C 3550 200.0 6.0 4520/2636 DBXT MSEurope US$ 4997 133.6 2.0 6064/4770 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.3 200.0
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low DBS Bk 4.7% NCPS ***** -205.0 -1.9 *****/***** Prudential USD 1750 -40.5 -1.7 2500/1689 IS Asia BND US 1055 -27.0 -1.9 1096/1010 Hyflux 6% CPS ***** -10.0 -0.1 *****/***** Gaylin 20.5 -9.5 -31.7 50/20 BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz 0.1 -50.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Gaylin 76.0 0.205 -0.095 -31.67 TPV Tech 405.0 0.185 -0.045 -19.57 LifeBrandz 6,474.8 0.001 -0.001 -50.00 Wilton Resources 2,170.7 0.062 +0.005 +8.77 LionGold 81,374.0 0.003 +0.001 +50.00 Del Monte Pac 15,648.5 0.355 +0.040 +12.70 AA 817.2 0.100 +0.022 +28.21 AEI 10.0 0.650 +0.050 +8.33 Hafary
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    • Article, Illustration
      Lock icon STI bounces back to pre-Brexit level
      608 8  -  Banks, Jardine C&C, Thai Beverage and Singtel are main contributors as the index surges 36 points STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT BREXIT? What Brexit? Financial markets appear to have regained all their composure after only two days of selling in the aftermath of
      Source: Bloomberg  -  608 words
    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 +3 247/242 253 209 6.2 6487.8 CapitaCom Trust 145.5 unch 147/145 157 122.5 5.9 4301.5 CapitaLand 301 +7 302/294 358 267 12 3 *****.5 CapitaMall Trust 218 +7 218/211 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      32 8 VOLUME Noble 94,631,100 LionGold 81,374,000 Spackman 45,731,100 Ezra 34,441,800 Singtel 32,613,900 Market volume 1,675,738,000 VALUE Singtel 131,408,705 DBS Grp 91,740,598 UOB 52,691,481 OCBC Bank 41,060,613 CapitaLand 38,984,971 Market value 1,077,481,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 29 VALUE CLOSE BT OB/OS -206.00 +132.00 BT CADI -*****.00 +101.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 666.80 +2.84 FTSE ST Small Cap 384.82 +2.26 FTSE ST All Share 682.93 +7.47 FTSE ST China Top 157.49 +2.11 FTSE ST China 184.89 +1.62 FTSE
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    • Article
      Lock icon SGX ETFs
      111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 284 +2 498 286/282 343/254 284/285 IS MS INDIA US$ US678 +10 88 678/668 780/575 679/682 84.8 DBXT MS SING US$ US110.7 +1.7 75 110.7/110.7 126.7/97.5 111.8/112.2 5.5 DBXT MSPHILS US$ US213.8 +4.8 73
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share Index June 29,2016 682.93 +7.47 (+1.11%) Current streak 2 days Day high 684.27 Day low 677.42 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index June 28,2016 1,546.73 +25.79 (+1.70%) Current streak 1 day Day high 1,559.39 Day low 1,514.99 52-week high 1,894.42 (July 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 5 1 0 0 8 3 5 Manufacturing 46 29 22 10 9 11 56 38 33 Commerce 22 14 10 5 4 1 27 18 11 Tpt/Stor/Comms 18 7 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,639 1,144 15,783 49,382 215 49,597 Manufacturing 80,940 117,092 198,032 86,919 1,431 88,350 Commerce 123,247 20,812 144,059 98,876 224 99,100 Tpt/Stor/Comms 138,416 7,990 146,406 217,878 764 218,642 Finance 37,587 36 37,623 200,935 6 200,940 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon ComfortDelGro | Buy
        182 8 ComfortDelGro Buy Target price: S$3.40 June 29 close: s$2.69 OCBC Investment Research, June 29 After British voters voted for the United Kingdom to leave the European Union, GBP depreciated 9.3 per cent against the SGD. Based on ComfortDelGro’s (CDG) FY15/1Q16 exposure to UK/Ireland, a 10 per cent depreciation in GBP
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      • Article
        Lock icon Ascott Residence Trust | Hold
        119 8 Ascott Residence Trust Hold Target price: S$1.16 June 29 close: S$1.10 CIMB Research, June 28 Although we laud ART’s drive to grow its AUM, that has not been accompanied by DPU growth. Its high gearing currently at about 40 per cent meant that acquisitions were backed by a mixture of
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      • Article
        Lock icon Cityneon Holdings | Buy
        165 8  - Cityneon Holdings Buy Compiled by Jamie Lee Target price: S$1.20 June 29 close: S$0.905 DBS Group Research, June 29 Cityneon’s earnings are directly correlated with the number of exhibits it has. So far, it has two permanent sets in Las Vegas and another two travelling sets. We believe Cityneon would
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    • Article
      Lock icon CALENDAR
      12 8 DATA I June 30 S’pore bank lending US initial jobless claims
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    • Article
      Lock icon Commodity currency gains shore up A$, NZ$
      438 9 CURRENCIES REUTERS London COMMODITY currencies such as the Australian and New Zealand dollar spiked higher on Wednesday, as markets regained some appetite for risk after Britain’s shock vote last week to leave the European Union sent investors in search of safety. Riskier currencies
      REUTERS  -  438 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.965 4.934 0.670 5.754 50.199 97.601 0.759 8.588 3.003 1.046 77.669 34.861 1.001 11.121 0.727 23.971 26.106 0.554 0.742 Canada 1.036 5.113
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jun 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0001 1.0016 0.7414 0.7419 Canadian dollar 1.0365 1.0381 0.7689 0.7683 Euro 1.4937 1.4954 1.1073 1.1077 NZ dollar 0.9562 0.9574 0.7088 0.7092 Sterling pound 1.8064 1.8090 1.3391 1.3400
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Jun29 S$ Bid Offer 1-month 1.3492 1.3504 2-months 1.3496 1.3508 3-months 1.3497 1.3510 6-months 1.3510 1.3523 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        399 9 Jun 29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9252.50 9330.00 9240.00 9325.00 ***** *****7 Jul16 9102.50 9217.50 9095.00 9210.00 *****2 *****3 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****0 Dec16 *****.00 *****.00 *****.00 *****.00 33 5390 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        211 9 Most active Jun 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8 0.5 5018 0.1 1620 4 STI 2650 MB ePW*****1 6.3 -0.8 3500 0.0 4 SingTel MB eCW*****4 6.8 1.4 2831 0.2 370 5
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jun 28 Index Change Change Change Change Change Change World Preliminary 1209.1 1.2 -5.4 0.8 -8.5 1.3 -4.3 EAFE Preliminary 890.7 1.4 -12.1 1.2 -13.8 1.7 -9.9 Europe Preliminary 1274.6 2.4 -9.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 29 $S Offer Bid 0vernight 0.16 0.14 1-month 0.6875 0.5625 2-months 0.8750 0.7500 3-months 0.9375 0.8125 Overnight mode: 0.15 US$ Offer Bid 7 days 0.50 0.40 1 month 0.52 0.42 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 0.95 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Jun 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.08 5-Year NX*****X 2.250 01-Jun-21 103.5 103.62 103.57 10-Year NX*****F 2.125 01-Jun-26 102 102.35 102.00 15-Year NZ*****F 2.875 01-Sep-30 108.38 108.50 108.49 20-Year NZ*****V 3.375 01-Sep-33 115.75 116.30 116.04
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-28 Price Net change change Last Trade Agricultural Jun-28 CBOT Soybeans (US cents/bu) 1150.50 17.50 1.54% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.11 -0.15 -0.48% 14/07/2016 CBOT Wheat (US cents/bu) 443.75 -3.00 -0.67% 14/07/2016 Jun-28 LIFFE Cocoa (£/tonne) 2395.00 unch unch 14/07/2016 LIFFE Coffee (US$/tonne) 1672.00 33.00 2.01%
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    • Article, Illustration
      Lock icon CDL still eyeing UK expansion
      963 10  -  Kwek Leng Beng shares plan at signing ceremony for the rebranding of South Beach hotel to JW Marriott By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore UNDETERRED by “Brexit” scares, City Developments (CDL) is still looking to add to its UK hotel portfolio. In fact, it believes
      PHOTO: TIFFANY GOH / THE STRAITS TIMES  -  963 words
    • Article
      Lock icon Sparks expected at Imperium Crown’s Thursday EGM
      294 10  -  EGM WATCH By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapopre SHAREHOLDERS attending the extraordinary general meeting (EGM) of Catalist-listed Imperium Crown (IC) on Thursday this week can expect a fiesty affair the main topic of debate will be whether the entire board should be removed
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    • CORPORATE DIGEST
      • Article
        Lock icon G80 Energy Resources
        73 10 GEO Energy Resources, an integrated Indonesian coal mining group, has completed the sale of All Win Holdings to PT Autum Bara Sejahtera for US$10 million, through its wholly owned subsidiary Geo Group Holdings. Both Geo Group Holdings and All win were recently incorporated in June 2016 with
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      • Article
        Lock icon Second Chance Properties
        59 10 SECOND Chance Properties posted a 27.59 per cent drop in net profit to S$3.14 million for the third quarter ended May 31, weighed down by a S$460,000 loss on fair valuation of properties and lower revenue and gross margin. Revenue slid 3.2 per cent to S$10.2 million.
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      • Article
        Lock icon Singtel
        92 10 FASTER, a consortium of six international companies including Singtel, together with its supplier NEC Corporation, announced on Wednesday the completion and end-to-end testing of a new trans-Pacific submarine cable system. The Faster cable system starts service on Thursday. The 9,000 km cable is designed to deliver 60 terabits per
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    • Article
      Lock icon SGX MAINBOARD
      1765 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 138 +0.5 524 139 137 0.9 8.2 878.3 Div 169.8 101 ARA Asset Mgmt 138.5 +2.5 560 139
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    • Article
      Lock icon SGX CATALIST
      226 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E tis coK8) Day ■’Low GrY n MCap 7? 19.9 8.3 t Anchor Resources 11.8 +0.3 5592 12.1 11.5 33 t 3Cnergy 10 12 41 16.7 t CNMC Goldmine 40.5 +2.5 *****
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    • Article
      Lock icon SGX ETF
      169 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 949 700 CIMBASEAN40 US$ US841 +10 1 841 841 131.9 3771 2355 DBXT China50 US$ US2796 +37 20 2796 2745 7.7 126.7 97.5 DBXT MS SING US$ US110.7
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      55 6 THE ONLY PHONE NUMBER <- 1800 822 6382 FOR INCREASING YOUR SALES TO PLACE NEWSPAPER ADVERTISEMENTS THAT REACH 2.5 MILLION CUSTOMERS DAILY, CALL 1800 822 6382 OR EMAIL MKGSALES@SPH.COM.SG splinewspapers THE STRAITS TIMES I THE BUSINESS TIMES I THE NEW PAPER BERITA HARIAN TAMIL MURASU LIANHE ZAOBAO LIANHE WANBAO SHIN
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      374 7 4PC ASIA 2016 f printpack+sign 2 0 16 29JUNE-1 JULY MARINA BAY SANDS Final 10.30am 6.30pm (Wed-Thu) 10.30am 5.30pm (Fri) Level 1, Hall A B, Sands Expo Convention Centre 2 ddys! I OFFICE TECHNOLOGY AUTOMATION V V. BUSINESS SOLUTIONS WORKSPACE ERGONOMICS WO DE OFFICE ORCE PMENT V INK ACCESSORIES MR
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      223 10 D nit y 1 n m m m Sat Sun, 2 3 July 2016, 10am 6pm, Marina Bay Sands, Halls D E (Basement 2) 2 July Open to Singaporeans and Permanent Residents only 3 July Open to Singaporeans, Permanent Residents, and foreigners with valid work passes or student passes from
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      80 11 SGX== SGX My Gateway Stay informed about Singapore's stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange 9 This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Only EC site on Confirmed List this year launched
      577 12  -  Aggressive bidding unlikely amid overhang of unsold ECs and mass-market condos in north-east region By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AN executive condominium (EC) site along Anchorvale Lane the only EC site on the Confirmed List of the government land sales
      Source: HDB BT Graphics  -  577 words
    • Article
      Lock icon Wanda Commercial offer faces hurdles over price
      642 12 BLOOMBERG Hong Kong BILLIONAIRE Wang Jianlin is facing hurdles in his buyout bid for Dalian Wanda Commercial Properties Co, which could be the biggest privatisation Hong Kong’s ever seen, after a US$460 billion Dutch fund said the offer is too low. “We have
      BLOOMBERG  -  642 words
    • Article
      Lock icon LHN nominee to buy Beach Road carpark property for S$26m
      331 12  -  Metropolitan Parking exercises option to purchase from Ottowest By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore METROPOLITAN Parking Pte Ltd, nominee for property management services provider LHN Group, has exercised an option to buy from Ottowest Pte Ltd a carpark property for
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    • Article, Illustration
      Lock icon London’s loss is Asia’s gain as property funds seek safe havens
      521 13 Singapore, HK and Australia may see money flowing into property as investors flee to safer assets BLOOMBERG London LONDON may have just shed its safe-haven property market tag with the UK’s vote to break away from the European Union.
      BLOOMBERG; PHOTO: REUTERS  -  521 words
    • Article
      Lock icon Brexit shock leads to record negative Danish mortgage rates
      502 13 Maturities in Denmark’s US$450b mortgage bond market hit by ‘quit EU’ fallout BLOOMBERG Copenhagen DANISH households are being paid to borrow, with rates on floating-rate loans sinking to the lowest on record, as Britain’s decision to quit the European Union feeds
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      Lock icon Househunt
      1634 13 Property transactions for districts 1 to 15 with contract dates between May 18 and May 24,2016 Note: Data extracted on June 27,2016 *Applies to landed property Information is provided by SISV Services Pte Ltd. SPH gives no warranty as to the accuracy of the information and disclaims all liability
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  • Page 12 Advertisements
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      390 12 (fijLL Pair Of Freehold Shophouses In Vibrant Bukit Pasoh Keong Saik Area Beautifully restored 3-storey shophouses with mezzanine levels Located in a popular F&B and lifestyle destination 150 metres from Outram Park MRT Land Area: Approx. 2,926 sq ft Gross Floor Area: Approx. 8,503 sq ft Master Plan 2014: Zoned
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      228 12 SPRINGLEAF TOWER Premium Office Floor For Sale Strata Area: 10,333 sq ft Prime CBD location Panoramic view of the city and sea Grand and prestigious triple height entrance lobby Direct underground access to Tanjong Pagar MRT Station High quality office finishes Ample car parking available LOW ChOOIl Sill Co-Broke Welcome
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Strategists turn bullish on FTSE 100 companies
      866 14 These large-cap multinationals can boost their sales in overseas markets because of the weaker pound BLOOMBERG London FOLLOWING Britain’s unexpected vote to leave the European Union, strategists did something that might seem strange: they turned more bullish on a big swathe of the
      BLOOMBERG  -  866 words
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      6075 15 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own independent professional advice immediately from their stockbroker, bank manager, solicitor, accountant
      6,075 words
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  • Article
    Lock icon M’sians to pay up to 8% more for piped natural gas
    609 16  -  Businesses are also not spared from paying more from July, but electricity tariffs are kept unchanged; economy expected to be hit by the higher gas tariffs By Pauline Ng btworld@sph.com.sg Kuala Lumpur ALREADY grappling with the soaring cost of
    609 words
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    Lock icon Maersk intensifies M&A search as oil unit loses biggest field
    448 16 BLOOMBERG Copenhagen AP Moeller-Maersk A/S is intensifying its search for acquisitions to build up its oil unit as the Danish shipping and petroleum conglomerate loses Qatar, the biggest field in its portfolio. “We’re getting some resources freed up now,” Maersk
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      2469 16 LL SL /m TRAVELITE HOLDINGS LTD. (Company Registration Number *****1089K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM") of TRAVELITE HOLDINGS LTD. (the “Company”) will be held at 205A Kallang Bahru Singapore *****2 on Friday, 15 July
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  • TECHNOLOGY
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      Lock icon Pinterest ramps up e-commerce features
      293 17 AFP San Francisco ONLINE bulletin board Pinterest on Tuesday unveiled new features to facilitate shopping on the site, as the platform pushes to become an e-com-merce hub. The new offerings announced at the company’s San Francisco headquarters include a virtual shopping bag that users can
      AFP  -  293 words
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      Lock icon Smartphone users face more scrutiny as Beijing cracks down on apps
      650 17 App stores and providers must establish users’ identity while monitoring and reporting postings that contain banned content under new laws BLOOMBERG Hong Kong MORE than half a billion Chinese smartphone users face increased monitoring of their mobile app usage
      BLOOMBERG; PHOTO: AFP  -  650 words
    • Article
      Lock icon Oracle’s cloud business takes the lead in Latin America
      307 17 REUTERS Sao Paulo ORACLE Corp is selling more cloudbased business software than traditional licensed products in Latin America, executives said on Tuesday, underscoring how remote computing has spurred demand from smaller businesses in new markets. Chief executive officer Mark Hurd said
      REUTERS  -  307 words
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      439 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VIOS SOLUTION PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5340H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of VIOS SOLUTION PTE. LTD. deemed to have been duly convened and held
      439 words
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      513 17 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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      535 17 FORM 69(3) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF PACIFIC KING SHIPPING HOLDING PTE LTD (IN COMPULSORY LIQUIDATION) CO. REG. NO. *****0488N NOTICE OF INTENDED DIVIDEND (FIRST AND FINAL DIVIDEND TO PREFERENTIAL CREDITORS) (FIRST AND FINAL DIVIDEND TO UNSECURED CREDITORS) Name of Company
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      590 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SILICON POWER COMPUTER COMMUNICATIONS (SINGAPORE) PTE. LTD. (Company No. *****5946D) (In Creditors’ Voluntary Liquidation) TAKE NOTICE that a meeting of the creditors in the above-named company will, in pursuance of Section 296 of the above Act,
      590 words
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      306 17 COMPANIES ACT (CHAPTER 50) COMPANIES REGULATIONS NOTICE OF JUDICIAL MANAGEMENT ORDER FOR PUBLICATION Name of Company: PUNJ LLOYD PTE LTD (Under judicial management) Company No: *****4327K Notice is hereby given that on 27 JUNE 2016 an order was made for placing the abovenamed company under the judicial management of Mr
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  • CONSUMER
    • Article
      Lock icon Media firms losing control of news to tech platforms
      809 18 Besides shift from print to digital, social media companies playing growing role in filtering and delivering news AFP Washington WHEN allegations emerged that Facebook was skewing its trending news stories, many learned about it on Facebook. That underscored the rapid shift
      AFP  -  809 words
    • Article, Illustration
      Lock icon Nike sales, forecast for orders disappoint while Adidas gains ground
      560 18 Strong US dollar, excess inventory hurt Q4 sales and margins REUTERS Bengaluru NIKE Inc’s quarterly revenue growth and its forecast for future orders missed analysts’ estimates, underscoring the sportswear maker’s struggle to fend off competition from Adidas and others, especially
      REUTERS; PHOTO: BLOOMBERG  -  560 words
    • Article
      Lock icon Drugmaker AstraZeneca pushes to protect Crestor from generic competition
      668 18 NYT New York NO more than a few hundred US children have a rare disease characterised by ultra-high levels of bad cholesterol. Yet, to the giant drugmaker AstraZeneca, this small group could be worth billions of dollars. The company is making
      NYT  -  668 words
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      14 18 Keep calm and drink kopi Grab a copy at all good bookstores and www.stpressbooks.com.sg
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      87 18 Experience our look on SHAREINVESTOR.COM Get equipped. Get updated. Get focused. Educational Series Stocks Highlights Getting started? Learn how to maximize the usage of our platform and build a profitable portfolio. Aggregating stocks information with the most significant buying/selling transactions. Top News Newsletter Featured Videos Enjoy handpicked webcast of speakers
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      22 18 Hoteats,Cooltreats Are you an avid foodie? Dig in to The Straits Times Classified's weekly guide on Saturday for the latest gastronomic offerings.
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  • GOVERNMENT & ECONOMY
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      Lock icon May consumer spending up for second month
      520 19 Demand for vehicles and other goods rises, but there are also fears that Britain’s vote to leave the EU could hurt confidence and prompt households to cut back on consumption LATEST US DATA REUTERS, BLOOMBERG Washington US consumer spending rose for a second
      REUTERS,; BLOOMBERG; PHOTO: AFP  -  520 words
    • Article
      Lock icon Penang Chief Minister Lim Guan Eng arrested on graft allegations
      536 19 Kuala Lumpur A MALAYSIAN opposition leader and vocal critic of scandal-hit Prime Minister Najib Razak was arrested on Wednesday for alleged corruption, in a move that could see the lawmaker jailed, a party official said. Lim Guan Eng who has
      536 words
    • Article
      Lock icon Abu Dhabi plans merger of sovereign funds Mubadala, IPIC
      402 19 BLOOMBERG Dubai ABU Dhabi is planning to merge two of its largest sovereign investment funds as the sheikhdom pursues a strategy of consolidation after the slump in oil prices. The combination of International Petroleum Investment Co (IPIC) and Mubadala Development Company
      BLOOMBERG  -  402 words
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      Lock icon Abe urges central bank to pre-empt credit squeeze
      818 19  -  Analysts say he aims to calm markets post-Brexit, but is also worried about Japanese banks’ heavy lending abroad By Anthony Rowley btworld@sph.com.sg Tokyo PRIME Minister Shinzo Abe on Wednesday urged Bank of Japan (BOJ) governor Haruhiko Kuroda to ensure that the central
      PHOTO: REUTERS  -  818 words
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      328 19 NOTICES LOST SHARE CERTIFICATE(S) The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Keppel Corporation Limited *****86 Low Siew Kiat 624 -do- *****10 -do- 62 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the
      328 words
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      316 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AMICORP FUND SERVICES ASIA PTE. LTD. (Company No. *****1166M) (In Members’ Voluntary Liquidation) At the Extraordinary General Meeting of the above-named Company deemed to be held on 30 June 2016 the following resolutions were duly passed
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  • TRANSPORT
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      131 20 TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SIGN UP NOW www.tnp.sg/WAGC Ron Totton Division A Champion, 2015 SINGAPORE QUALIFIERS presented by GOODIE BAG WORTH OVER $750 Get a Ice Chrono Electrik Watch worth $300, Golfing Vouchers from The
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      860 21 THE BUSINESS TIMES V’-a-'V Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul
      860 words
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  • OPINION
    • Article
      Lock icon Lessons for Asia from Brexit: be careful with deep integration
      611 22 EDITORIAL A decade or so ago, there was much discussion in East Asia about what form of economic cooperation, or even integration, was best suited to this part of the world and whether the European Union (EU) could provide a
      611 words
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      Lock icon Fight globalisation and Brexit angst with truth
      1355 22  -  The truth that should get out is that nations are better off from globalisation, though the internal distribution of the pain and gain are never equitable. BY FAROK CONTRACTOR BY FAROK CONTRACTOR T The writer is a professor in the Management and Global
      PHOTO: AFP  -  1,355 words
    • Article
      Lock icon The future for Britain: neither paradise nor perdition
      791 22  -  THE BOTTOM LINE By Meghnad Desai T The writer is emeritus professor of economics at the London School of Economics and Political Science, and chairman of the Advisory Board of the Official Monetary and Financial institutions Forum, an independent research and advisory
      OMFIF  -  791 words
    • Article
      Lock icon After Brexit, Asia should strengthen its regional safety net
      916 23  -  COMMENTARY By Pradumna Rana TThe writer is associate professor and coordinator of the International Political Economy Programme in the Centre for Multilateralism studies at the S Rajaratnam School of International Studies (RSIS), Nanyang Technological University, Singapore. THE shocking decision of the
      916 words
    • Article
      Lock icon One hundred years of tranquillity for Latin America?
      1008 23  -  COMMENTARY By Andrés Velasco T The writer is a former finance minister of Chile and professor of professional practice in international development at Columbia University. Santiago GABRIEL García Márquez’s great novel One Hundred Years of Solitude starts with a colonel who “started
      1,008 words
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      Lock icon Sports diplomacy, American style
      1095 23  -  The US uses it to help repair troubled relationships with other countries and to introduce American culture to the world. BY HARISH MEHTA world.BY HARISH MEHTA T The writer is a historian who has taught at Canadian universities. This article is part of a series on
      PHOTO: BLOOMBERG  -  1,095 words
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  • LIFE & CULTURE
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      Lock icon Ghostbusters backlash reflects sexism in Hollywood
      798 24 The film’s director and his cast have been bombarded with death threats and misogyny on social media AFP Los Angeles AN all-female reboot of Ghostbusters hits theatres next month amid a savage backlash by Internet trolls that has thrown the spotlight back onto Hollywood’s
      AFP  -  798 words
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      Lock icon Winemakers warn of a coming Burgundy ‘apocalypse’
      841 24 BLOOMBERG New York FOR years, vintages of Burgundy have been smaller and smaller, while prices have gone up and up. Rain, floods and hailstorms have decimated vineyards since 2010, especially in the Côte de Beaune (the southern part of the famous limestone strip
      BLOOMBERG; PHOTO: BLOOMBERG  -  841 words
    • Article
      Lock icon Imax brings the million-dollar screening room home
      836 24 BLOOMBERG Los Angeles WHEN Greg Foster is having a bad day, he retreats to a room deep in the bowels of Imax Corp’s Los Angeles offices. There, the executive who heads Imax’s entertainment division, can reconnect with what makes him love his job:
      BLOOMBERG  -  836 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      294 24 CRYPTIC CROSSWORD Across 5 Patrons born with money (7) 7 Kid may be very loud after tea (5) 9 Man, English, joining European native tribe (6) 10 Young new mum, irate (8) 11 Writer from walled city to north (10) 13 Nonsense written about one hilarious person (4) 14 After
      294 words