The Business Times, 1 August 2015

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Microfilm: NL33586
Total Pages: 40
1 32 The Business Times
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      59 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 1 2, 2015 SG50 BEYOND From hawker fare to the future of SGFood L2-5 BEAUTY Treatments for great hair and skin L10-11 STYLE Reinventing the classics L6-7 DESIGN Up close with Moshe Safdie L12 PHOTO: DING DONG HOME GARDEN Cosy villa in the sky L8-9
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon SG50 & BEYOND
        2186 2 / 3  - SG50 BEYOND Even as the nation evolved over the last five decades, so did its food. From humble hawker fare to glitzy celebrity chef restaurants and now, a new generation of homegrown chefs, eating has been nothing short of a journey of discovery. As SG50 rolls around, it’s time to
        PHOTO: LOLLAPALOOZA  -  2,186 words
      • Article, Illustration
        Lock icon The future of SGFood
        510 2 / 3  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT IF you were to imagine the Singapore food landscape in the future, what would it look like? Will cheap hawker fare still exist to feed the masses? Will we lose traditional elements of our cuisine such as Peranakan food? “The landscape
        FILE PHOTO  -  510 words
    • LIVING
      • Article, Illustration
        Lock icon CELEBRATION MENU
        2173 4 / 5  -  SG50 spreads not only give a nod to the past but also peek into the next 50 years. By Tay Suan Chiang Rachel Loi taysc@sph.com.sg @TaySuanChiangBT @RachelLoiBT rachloi@sph.com.sg IT’S Singapore’s 50th birthday and eateries are elbowing each other to come up with their own edible tribute. Even non-Singaporean
        PHOTOS: CRYSTAL JADE KITCHEN, HALIA, FORDHAM & GRAND, THE CLIFFORD PIER; PHOTO: MOOSEHEAD; PHOTOS: DING DONG, CORNER HOUSE; PHOTOS: BLOOMSBURY BAKERS, SHANGRI-LA HOTEL  -  2,173 words
    • STYLE
      • Article, Illustration
        Lock icon On Repeat mode
        1530 6 / 7  -  Dominating the luxury space isn’t so much about having one’s finger on the hemline, hue or contour of the season. Instead, it revolves around the reinvention of timeless classics. By May Yip By May Yip THIS weekend, status bag junkies will get to gawk at 120 archival
        PHOTOS: CHANEL; PHOTOS: BOTTEGA VENETTA, CHANEL  -  1,530 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Maxed up mini-flat
        943 8 / 9  -  A few clever structural changes transformed a 136 sq m apartment in Joo Chiat into an airy, spacious home. personal space By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT THREE years ago, clinical psychologist Viviane Dubos bought a penthouse apartment in Joo Chiat simply by looking at the
        PHOTOS OF VIVIANE DUBOS, FRUITS AND HANGING DOOR BY SHAWN TEO; ALL OTHER PHOTOS BY FRANK PINCKERS  -  943 words
    • BEAUTY
      • Article, Illustration
        Lock icon Beauty looks East
        1636 10 / 11  -  The beauty industry taps into traditional Chinese medicine to offer healing therapies. By Cheah Ui-hoon uihoon@sph.com.sg Women’s Wellness Programme The Luxe House 7A Dempsey Road Z6479-9997 www.theluxehouse.com CHINESE “tui na” tends to rank high on the chart for anyone who’s into massage for health, and not just
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      • Article
        Lock icon wine&dine
        858 10 / 11 with BTWeekend Peach Blossoms Marina Mandarin Singapore, 6 Raffles Boulevard, Level 5 Z6845-1111 SG50 Celebrations at Marina Mandarin Singapore Take your loved ones to Peach Blossoms for a special meal with delightful delicacies such as Whole Barbequed Peking Duck, Peach Blossoms Four Dim Sum Combinations, Barbequed Meat Combinations, Braised
        858 words
    • DESIGN
      • Article, Illustration
        Lock icon Shaping the public realm
        1089 12  -  For architect Moshe Safdie the ideal housing is one that incorporates community infrastructure while giving residents their privacy. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT IF there is one foreign architect who is creating icons in Singapore, it could well be Moshe Safdie.
        PHOTOS: YEN MENG JIIN  -  1,089 words
    • TRAVEL
      • Article, Illustration
        Lock icon Japan’s underground wonder
        617 13  -  Large numbers of tourists are attracted to a fantastical space in the Oya quarry which was created over 70 years of drilling. By Hiromi Tanaka By Hiromi Tanaka WP Utsunomiya, JapanONE step inside the former quarry site at the Oya History Museum in Utsunomiya and you will
        WP; PHOTO: THE JAPAN NEWS/YOMIURI  -  617 words
    • MOTORING
      • Article, Illustration
        Lock icon 8 cool things about the R8
        524 14  -  The second-generation Audi R8 V10 debuts a slew of innovations. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THERE is a new Audi R8 and it is better and faster. The mid-engined model with the 5.2-litre V10 driving all four wheels has the same length
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      • Article, Illustration
        Lock icon A big Step forward
        617 15  -  The Honda Step WGN marks a new chapter in turbocharging. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FOR the longest time, Honda embraced the naturally aspirated petrol engine, with its larger displacement to achieve good torque, for example, the ubiquitous 2.4-li-tre power plant. But this was
        PHOTOS: YEN MENG JIIN  -  617 words
    • SPORTS
      • Article, Illustration
        Lock icon Bragging rights at stake in EPL curtain-raiser
        910 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THE Community Shield football match may be regarded by some as nothing more than a meaningless friendly, but there will be nothing friendly about the match on Sunday (10pm, Singapore time) between bitter London rivals
        PHOTOS: AFP, REUTERS  -  910 words
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  • TOP STORIES
    • Article
      Lock icon Manufacturers, services firms stay upbeat
      510 2  -  But separate polls show services companies’ optimism holding up better than manufacturers’ By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore FIRMS in both the manufacturing and services sectors expect better business prospects for the second half of 2015, official surveys released on Friday show. But readings from
      510 words
    • Article, Illustration
      Lock icon Fullerton Hotel lights up for SG50
      192 2  -  By Shawn Teo shawnteo@sph.com.sg Singapore HISTORY burst into life and threw itself upon the face of the Fullerton Hotel, as Singapore’s pivotal events were narrated with an eight-minute display of sound and visuals. At a media preview on Friday night, brightly lit stamps referencing
      PHOTO: SHAWN TEO  -  192 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,202.50 (-47.02) HSTI FUTURES 3,179.00 (-71.00) HSIMSCI 358.32 (-6.23) HSIMSCI FUTURES 355.00 (-9.00) Friday Change KL COMP 1,723.14 +23.22 NIKKEI 225 20,585.24 +62.41 HANG SENG 24,636.28 +138.30 SET 1,440.12 +22.63 JAKARTA 4,802.53 +90.04 MANILA 7,550.00 +39.61 KOSPI 2,030.16 +11.13 SHENZHEN B 1,233.47 +2.13 MUMBAI IND 28,114.56 +409.21 11.45am
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.376 (US$/S$ per 1.557 2.142 EURO (US$/S$/€ 1.094 1.505 Foreign currency per US$ S$ YEN 124.20 90.30 RM 3.825 2.780 HK$ 7.752 5.635 BAHT 35.26 25.63 RUPIAH 13,510 9,820 RENMINBI 6.210 4.514 INDIAN RUPEE 64.08 46.57 A$ 1.373 0.998 NZ$ 1.524 1.108
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.457 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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    • Article
      Lock icon S’pore watching Malaysian political developments ‘very carefully’: PM Lee
      702 3  -  Developments there can affect Republic given the two countries’ close ties By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PRIME Minister Lee Hsien Loong has said that Singapore is watching political developments in Malaysia very carefully. Referring to the political crisis linked to
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    • Article, Illustration
      Lock icon Show up at Sing50, for charity’s sake
      418 3  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore IF you hold a ticket to next Friday’s mega-concert Sing50 but can’t turn up, please give your ticket to someone else. The reason is simple: Leading insurance group Zurich is pledging S$5 to two children’s charities for
      PHOTOS: SHAWN TEO, FILE PHOTO  -  418 words
    • Article
      Lock icon Banks steadfast in 5% loan growth forecast
      658 4  -  China remains a clear focus for all, but the banks are armed with different ammunition By Jamie Lee leejamie@sph.com.sg @JamieLeeBT @JamieLeeBT Singapore AT half-time, all three banks have kept their loan growth forecast of about 5 per cent this year. But some divergence
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    • Article
      Lock icon LTA hands over Bulim depot to operator
      371 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE Land Transport Authority (LTA) has handed over the Bulim bus depot to Singapore’s third bus operator, Tower Transit Singapore, which will run 26 bus services out of it from mid-2016. Tower Transit, part of UK bus
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    • Article
      Lock icon Case calls for security bond to be imposed on travel agencies
      333 4  -  By Amanda Cheng amandac@sph.com.sg Singapore THE Consumers Association of Singapore (Case) has suggested a change in the law to better protect travellers against the sudden closure of travel agencies. In an update on the Asia-Euro Holidays saga on Friday,
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    • Article
      Lock icon Construction loans lift June lending
      464 5  -  Such loans, which make up the largest slice of the business-lending pie, rose by a record 11.7 per cent in June from May By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A RECORD boost in construction loans in June put bank lending back to levels seen at
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    • Article, Illustration
      Lock icon MH370 clues mount as wreckage identified as B777 part
      881 5 AFP Saint-André, France MALAYSIAN authorities confirmed on Friday that plane wreckage washed up on an Indian Ocean island was from a Boeing 777, the same aircraft type as flight MH370. The debris, part of a plane wing, could provide the first
      AFP; PHOTO: AFP  -  881 words
    • Article, Illustration
      Lock icon US yields on patent data as dairy details vex TPP trade talks
      684 6 Telltale signs appear of complicated, highly politicised negotiation among the 12 countries Bloomberg Washington THE United States on Thursday abandoned its longstanding position on the confidentiality of some patent data as officials immersed themselves in the minutiae of
      Bloomberg; PHOTO: REUTERS  -  684 words
    • Article
      Lock icon Shadow of Q3 slowdown looms over Japan
      709 6  -  Data shows economy may have shrunk in Q2; June household spending down 2% By Anthony Rowley btworld@sph.com.sg Tokyo WITH the release of a series of soft Japanese economic data on Friday, concerns re-emerged that the world’s third largest economy might have suffered a
      709 words
    • Article, Illustration
      Lock icon SME-tailored human resource award launched
      471 7  -  Award will help them attract and retain staff, as well as learn from best practices featured, say ASME and SHRI By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore AMID an avalanche of human resource initiatives aimed at spurring small and medium enterprises (SMEs) to put human capability
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    • Article
      Lock icon China eases way for foreigners to trade its commodity futures
      292 7 Reuters Shanghai FOREIGN investors will be allowed to transfer either foreign currency or yuan funds into China to trade in the country’s commodity futures markets, the foreign exchange regulator said on Friday. The imminent opening of its booming commodity futures
      Reuters  -  292 words
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      55 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Cover Story L2-5 Shopping L6-7 Home Garden L8-9 Beauty L10-11 Design L12 Travel
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      118 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRAINWAVE DESIGN CO. PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) Company Registration No: *****5073W NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of
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      917 7 NOTICES TYE SOON LIMITED Registration No. *****0114W (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Tye Soon Limited (the “Company”) will be held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Monday, 17
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Charge of the Zebra
      2890 8 / 9  -  Zebra Technologies CEO Anders Gustafsson has positioned his company to take advantage of the IoT revolution with his bold acquisition of Motorola Solutions’ enterprise unit. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com. sg @AmitRoyCBT Anders Gustafsson, CEO of Zebra Technologies, which provides IT solutions
      PHOTO: YEN MENG JIIN  -  2,890 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon UOB to drive fee income via Asean network
      523 10  -  It posts an unexpected 5.7% fall in Q2 profit to S$762m By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UOB Group plans to drive growth through fee income via its Asean network in the months ahead, as loan growth moderates and the bank is
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    • Article, Illustration
      Lock icon Noble falls below 50¢ in worst plunge in seven years
      321 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore COMMODITIES trader Noble Group turned into a shortseller’s playground on Friday, with the stock tumbling definitively below the 50-cent mark to hit its lowest point in seven years on a massive spike in trading
      Source: Bloomberg  -  321 words
    • Article
      Lock icon OCBC’s Q2 up 14%, ahead of estimates
      643 10  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore OCBC Bank reported a 14 per cent gain in Q2 net profit to S$1.05 billion reaping the benefits of its Wing Hang acquisition and due to higher fee income. Its quarterly record S$1.05 billion profit beat
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    • Article, Illustration
      Lock icon STI ends July with heavy selling, down 1.45%
      809 11  -  STOCKS Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent THE Singapore stock market ended the trading month of July on a sour note, with the benchmark index losing 47.02 points or 1.45 per cent to end at 3,202.50, its lowest since Oct 20 last
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    • Corporate digest
      • Article
        Lock icon Ascendas India Trust
        57 11 ASCENDAS India Trust has completed the acquisition of aVance 3, a multi-tenanted IT building, for 2.94 billion rupees (S$63 million) from Phoenix Infocity. aVance 3 is in aVance Business Hub in Hyderabad. Last week, the trust reported a 19 per cent increase in Q1 distribution per unit
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      • Article
        Lock icon Jardine Cycle & Carriage
        63 11 Jardine Cycle Carriage JARDINE C&C’s net profit for H1 dropped 16 per cent to US$362 million while revenue fell 13 per cent to US$8.2 billion. The group’s poorer earnings in the January-June 2015 period were due to less contribution from Astra’s businesses, particularly the automotive operations and agribusiness. The board
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      • Article
        Lock icon United Envirotech
        67 11 WATER-treatment firm United Envirotech’s net profit fell 85.2 per cent to S$3.32 million despite a 26.4 per cent increase in revenue to S$83.85 million in its Q1. Earnings per share slumped to 0.31 cent, from 2.47 cents a year ago. Earnings fell partly due to a plunge in
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      • Article
        Lock icon Jardine Matheson
        39 11 JARDINE Matheson’s net profit fell 13 per cent to US$709 million on the back of a 2 per cent uptick in revenue to US$31.5 billion in H1. Earnings per share were down 14 per cent to US$1.91.
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    • Article
      Lock icon Market cap shrinks 3.9% in July
      402 11  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE value of the Singapore stock market shrank in July by the most in nearly two years as the bursting of a bubble in Chinese equities and the commodities slump exacted their toll here. Even though the local
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    • Article
      Lock icon STI STOCKS
      315 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 unch 244/240 271 219 6 6123.5 CapitaLand 322 -9 333/320 379 293 11.8 2.8 *****.8 CapitaMall Trust 200 -5 205/200 228 188.5 5.4 6939.4 CityDev 933 -13 939/932 1095 915 11.2
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 324 xd -9 1593 328/323 355/319 324/326 IS MS INDIA US$ US759 +7 458 759/748 1000/696 755/759 94.9 DBXT MSRussia US$ US190 -2 73 190/189 278/140 189/190 Nikko AM STI ETF 326 -6 65
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    • Article
      Lock icon SIBOR
      28 12 Jul 31 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      797 12 For week beginning Jul 27 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Ezion Hldgs 30-Jul-15 Chew Thiam Keng Buy 100 0.90 ***** 1.26 ***** 1.27 Yanlord Land Grp 28-Jul-15
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 9 5 0 0 0 0 9 5 Manufacturing 20 70 32 5 14 13 25 84 45 Commerce 18 23 12 1 10 2 19 33 14 Tpt/Stor/Comms 6 25 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,882 29,882 151,182 151,182 Manufacturing 300,790 107,808 408,598 119,878 3,084 122,962 Commerce 382,505 97,277 479,782 223,923 4,631 228,554 Tpt/Stor/Comms 194,634 5,418 200,052 319,640 457 320,096 Finance 48,607 7 48,614 652,340 1 652,341 Construction 27,628 32,374
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jul 31 VALUE CLOSE BT OB/OS -783.00 -272.00 BT CADI -*****.00 -187.00 BT 10-day MA -*****.00 -79.00 FTSE ST Mid Cap 732.82 -2.73 FTSE ST Small Cap 455.28 -1.85 FTSE ST All Share 768.29 -9.46 FTSE ST China Top 186.09 -2.14 FTSE ST China 226.72 -3.12 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      75 12 VOL CLOSE($) CHANGE China Bearing 20,442.5 0.038 -0.010 -20.83 TA 390.0 0.270 -0.025 -8.48 China Essence 25,019.3 0.020 +0.004 +25.00 QianHu Sysma 3,820.9 0.200 -0.075 -27.27 Lereno Bio-Chem 6,446.1 0.004 +0.001 +33.33 Noble 302,226.6 0.455 -0.065 -12.50 Hengyang Petro 10.1 0.160 -0.020 -11.11 Luxking 490.0 0.030 -0.004 -11.77
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jul-30 Price Net change change Last Trade Agricultural Jul-30 CBOT Soybeans (US cents/bu) 990.25 7.25 0.74% 14/08/2015 CBOT Soybean Oil (US cents/lb) 30.28 0.07 0.23% 14/08/2015 CBOT Wheat (US cents/bu) 496.50 0.25 0.05% 14/09/2015 Jul-30 LIFFE Cocoa (£/tonne) 2144.00 5.00 0.23% 15/09/2015 LIFFE Coffee (US$/tonne) 1774.00 15.00 0.85%
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    • Article
      Lock icon PALM OIL
      57 13 Jul 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 15 2110.0 2120.0 2125.0 2110.0 24 2854 Sep 15 2118.0 2118.0 2132.0 2116.0 5046 ***** Oct 15 2119.0 2120.0 2131.0 2114.0 ***** ***** Nov 15 2132.0 2132.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Jul 31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.24 102.29 102.27 5-Year N*****0S 2.000 01-Jul-20 99.8 99.85 99.80 10-Year NX*****Z 2.375 01-Jun-25 97.77 97.85 97.85 15-Year NY*****E 2.875 01-Jul-29 99.6 99.85 99.60 20-Year NZ*****V 3.375 01-Sep-33 105.56
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jul 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0014 1.0020 0.7279 0.7283 Canadian dollar 1.0559 1.0560 0.7676 0.7675 Euro 1.5047 1.5051 1.0938 1.0940 NZ dollar 0.9023 0.9031 0.6559 0.6564 Sterling pound 2.1413 2.1418 1.5565 1.5568
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      199 13 Most active Jul 31 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****9 8.7 -0.2 ***** 0.0 2 DBS MB eCW*****1 12.3 -1.2 ***** 0.1 2100 5 OCBC Bk MB eCW*****1 11.4 0.2 6164 0.2 1040 5
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Jul 30 Index Change Change Change Change Change Change World Preliminary 1343.5 0.1 5.3 0.5 6.8 -0.2 2.8 EAFE Preliminary 1087.6 0.4 10.2 0.5 8.7 -0.2 4.7 Europe Preliminary 1511.5 0.3 9.4
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article
      Lock icon GLP’s Q1 earnings jump 49.4%
      540 14  -  It says its results were also underpinned by expansion of its fund management platform By Caithlin Ng caithng@sph.com.sg Singapore GLOBAL Logistic Properties (GLP) on Friday reported a 49.4 per cent rise in its net profit for the first quarter ended June 30, 2015, as its
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    • Article
      Lock icon MGCCT posts 8.7% rise in Q1 DPU
      440 14  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Greater China Commercial Trust (MGCCT) reported an 8.7 per cent growth in distribution per unit (DPU) for the fiscal first quarter ended June 30 to 1.696 Singapore cents, thanks to higher rents amid strong leasing demand.
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    • Article
      Lock icon Cosco Corp sinks into the red in Q2
      276 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore COSCO Corp (Singapore) has admitted that it is struggling to make higher-value products and continued to flag thinner profit margins ahead for its shipbuilding contracts as it sank unceremoniously into the red for the second quarter.
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    • Article
      Lock icon Soilbuild Construction Q2 profit up 5% at S$5.51m
      224 14  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SOILBUILD Construction’s net profit for the second quarter ended June rose 5 per cent from S$5.24 million to S$5.51 million on the back of a 21 per cent jump in revenue to S$81.63 million. This was
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  • Page 14 Advertisements
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      80 14 NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 ELKHORN ENTERPRISES LIMITED (Company Number: *****85) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business CompaniesAct 2004,as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is 21 July
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  • REAL ESTATE
    • Article, Illustration
      Lock icon 137 Cecil Street being sold to Shanghai buyer
      581 15  -  Pricing expected to be above S$200m; buyer had earlier eyed 158 Cecil Street, 112 Robinson Rd By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IN what is likely to be the second transaction of an office block in the past six weeks, a sale
      FILE PHOTO  -  581 words
    • Article, Illustration
      Lock icon Straits Trading buys Melbourne office building for A$125m
      347 15  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore STRAITS Trading Company on Friday said it has entered into a conditional agreement to buy an office building at 114 William Street, Melbourne for A$ 125 million (S$125 million) from a trust. The deal is subject
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    • Article
      Lock icon Wealthy Thais keep property developers busy
      332 15 Reuters Bangkok THAI property developers are raising record funds in the domestic bond market to finance high-end residential projects in a stumbling economy that appears to have hurt all but the affluent. Developers issued 54.2 billion baht (S$2.1 billion) of bonds in the first
      Reuters  -  332 words
    • Article
      Lock icon Househunt
      1117 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 17 AND JUNE 23, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 12 NON-LANDED Riverbay Apt 17/06/2015 999 926 1146 1238 Riverbay Apt 19/06/2015 999 926 1152 1244
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon China probes automated trading as stocks slip again
      773 17 Markets regulator also seeks trading records from banks in Singapore, HK Reuters Shanghai CHINA’S securities watchdog is investigating the impact of automated trading on share markets, as the authorities step up a crackdown on what they regard as heavy speculative selling that
      Reuters; PHOTO: AFP  -  773 words
    • Article
      Lock icon IPO market is getting healthier thanks to deals like SoulCycle
      496 17 Bloomberg New York WALL Street is betting health-conscious IPOs like SoulCycle Inc and Planet Fitness Inc can help whip their portfolios into shape. A health and fitness craze in America has taken over the initial public offerings market. SoulCycle, a
      Bloomberg  -  496 words
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      150 17 GOOD CLASS BUNGALOW FOR SALE BELMONT BINJAI PARK BISHOPSGATE BT TUNGGAL CALDECOTT HOLLAND PARK ***** sf. Brand new. Elevated, wide frontage ***** sf. Wide frontage, Flat land, quiet, greenery ***** sf. Beautiful hse, tastefully done ***** sf. Brand new. Elevated, city view ***** sf English cottage. Tropical landscape ***** sf.
      150 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Oil firms slash spending, jobs as prices slide for second time
      630 18 Chasing growth in this environment would make no sense: Anadarko Petroleum Corp Reuters Houston THE stark reality of a muchfeared second dip in crude prices is prompting global oil majors and nimble US shale companies alike to axe spending
      Reuters; PHOTO: BLOOMBERG  -  630 words
    • Article
      Lock icon Gas awakening from US shale slumber as LNG exports begin
      696 18 Bloomberg New York AFTER years of languishing in a shale-induced coma, the US natural gas market is waking up. Seasonal price swings will intensify as the country begins shipping liquefied natural gas cargoes to Asia and Europe later this year,
      Bloomberg  -  696 words
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  • TECHNOLOGY
    • Article
      Lock icon Microsoft’s US$7.5b lesson in Nokia blunder
      775 19 US tech giant’s new CEO gets credit for swiftly confronting reality and taking the hit to earnings NYT New York MICROSOFT Corp, which reported its biggest-ever quarterly loss last week, wrote off US$7.5 billion on Nokia’s phone unit, which it had bought a little
      NYT  -  775 words
    • Article, Illustration
      Lock icon Facebook ready to test internet-beaming drones
      685 19 AFP Menlo Park, California FACEBOOK on Thursday said it is ready to begin test flights of a high-altitude drone designed to provide internet access to remote locations of the world. The Aquila drone has a wingspan on par with that of a Boeing 737
      AFP; PHOTO: REUTERS  -  685 words
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  • CONSUMER
    • Article, Illustration
      Lock icon In rural China, shoppers go online with a little help
      891 20 Alibaba trains local ‘partners’, who set up service centres in villages, helping locals shop online Reuters Tonglu, China CHENG Yonghao left his village in central Henan province almost 20 years ago, not expecting to return. He’s now back home, and
      Reuters; PHOTO: REUTERS  -  891 words
    • Article
      Lock icon Uniqlo operator, 7-Eleven plan tie-up targeting online sales
      306 20 Reuters Tokyo FAST Retailing Co and the operator of 7-Eleven convenience stores are planning a broad partnership this year that could turn 7-Eleven stores in Japan into pick-up spots for online purchases of Uniqlo clothing, a person familiar with the matter said.
      Reuters  -  306 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Bombardier delays new business jet
      740 21 Planemaker’s shares plummet 10% after it announces its Global 7000 will now enter service in second-half 2018 Bloomberg New York BOMBARDIER Inc is pushing back the commercial debut of its Global 7000 business jet by two years yet another setback for a planemaker that’s consuming
      Bloomberg; PHOTO: REUTERS  -  740 words
    • Article, Illustration
      Lock icon Checked-bag fees are here to stay: United Continental CEO
      440 21 Reuters New York STILL hoping for the day airlines will let all customers check bags and make reservation changes for free? Forget it, said United Continental Holdings Inc’s chief executive officer, Jeff Smisek, at an industry lunch on Thursday, defending airlines
      Reuters; PHOTO: AFP  -  440 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China to raise US$160b in bonds to build infrastructure: sources
      499 22 Beijing plans to use development banks to help fund big-city projects over next few years Reuters Shanghai CHINA plans to raise US$160 billion in bonds to fund infrastructure projects over the next few years, sources said, in a sign Beijing
      Reuters; PHOTO: AFP  -  499 words
    • Article
      Lock icon India plans to inject US$11b into ailing state banks
      228 22 Reuters New Delhi PLANNING to inject US$11 billion of capital into debt-laden state banks over the next four years, India’s Finance Minister Arun Jaitley on Friday sought Parliament’s approval to boost budget spending by US$4 billion in the current fiscal year.
      Reuters  -  228 words
    • Article
      Lock icon US spied on Japan government and companies, says WikiLeaks
      482 22 AFP Tokyo IN the latest revelations about Washington’s snooping activities on its allies, whistleblower WikiLeaks said on Friday that the US National Security Agency had targeted Japanese politicians, its top central banker and major firms for years. The intercepts follow other
      AFP  -  482 words
    • Article, Illustration
      Lock icon Italy most likely country to leave the euro
      783 23 Since joining the euro in 1999, its economy has grown just 4.6%, due to structural problems WP Washington WHAT do you call a country that has grown 4.6 per cent in total since it joined the euro 16 years ago? Well, probably
      WP; PHOTO: BLOOMBERG  -  783 words
    • Article
      Lock icon Germany’s Schaeuble proposes to rebalance EU Commission’s role
      431 23 Reuters Berlin GERMANY’S finance minister wants to correct the balance between the European Commission’s political role and its regulatory powers, reflecting concern in Berlin over the EU executive’s neutrality as its political clout grows. A spokeswoman for the German finance ministry said
      Reuters  -  431 words
    • Article, Illustration
      Lock icon SNB suffers record H1 loss of 50.1b francs
      689 24 Central bank position hurt by franc’s rise against the euro and fall in value of gold Bloomberg Zurich THE Swiss National Bank (SNB) suffered a loss for the first half of the year, giving politicians keen to raise their profile in an
      Bloomberg; PHOTO: BLOOMBERG  -  689 words
    • Article
      Lock icon Beijing to host 2022 Winter Olympics
      473 24 Reuters Kuala Lumpur BEIJING was chosen by the International Olympic Committee (IOC) to host the 2022 Winter Olympics on Friday, becoming the first city to be awarded both the summer and winter Games. The Chinese capital beat Kazakhstan’s Almaty in a secret ballot of
      Reuters  -  473 words
    • Article, Illustration
      Lock icon Europe chipmakers brace for tough markets
      579 25 China stock market crash, spillover effects on consumer and business trends add uncertainty Reuters Frankfurt RESULTS from Europe’s big chipmakers show business conditions have deteriorated quickly in previously healthy markets for car electronics and industrial components, adding to concerns over the industry’s traditional drivers
      Reuters; PHOTO: BLOOMBERG  -  579 words
    • Article
      Lock icon Fed says job market improving, rate hike in view
      551 25 Bloomberg Washington FEDERAL Reserve policymakers said that the job market has made further gains, keeping them on a path to raise interest rates this year for the first time in almost a decade without providing a clear signal on the timing
      Bloomberg  -  551 words
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      46 23 HOT PROPERTY NEW LIST! MODERN Bungalow $9.Xm luxurious hse! FH. Queen Astrid vicinity. Award winning Architect OFF SIXTH AVE DETACHED 8500/ 5400 sf 5+1 ensuite. Modern design. Pool. Sole Agent LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • OPINION
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      Lock icon Four ways to change employee behaviour
      1137 26 / 27  -  Models of behaviour change are like sunglasses, each providing a different tint on how the world looks. By Shlomo Ben-Hur and Nik Kinley By Shlomo Ben-Hur, Nik Kinley ~The writers are authors of ‘Changing Employee Behavior: A Practical Guide for Managers’. Dr Ben-Hur is
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  1,137 words
    • Article
      Lock icon Trawling a travel forum for reviews? Try the bus stop test
      799 26 / 27  -  By Vijay Verghese ~The writer is editor of Smart Travel Asia (http://www.SmartTravelAsia.com) THERE's something infinitely reassuring about belonging to a group. It could be Mensa, or the hree Stooges. No matter. Man is a social animal and has an
      799 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Chinese investors are in for a rough patch
        815 28 / 29 Investment options are limited amid stock market rout, dull housing market and falling interest rates Bloomberg Beijing WEI Lili is running out of investment options. Apartment prices in her city of Wuhan are beyond her reach even after a recent property slump,
        Bloomberg; PHOTO: REUTERS  -  815 words
      • Article
        Lock icon US China ETF heads to record drop
        408 28 / 29 Bloomberg New York THE biggest US exchange-traded fund (ETF) tracking mainland Chinese stocks fell for the second time this week, heading for the biggest monthly loss since it was started in 2013 amid concern Chinese policymakers will fail to stem a selloff in
        Bloomberg  -  408 words
      • BROKERS'TAKE
        • Article
          Lock icon Neptune Orient Lines
          155 28 / 29 Hold Close: S$0.93 Target price: S$1.02 CIMB Research, July 31 NOL delivered a core net loss of S$7.6 million in Q2 2015, taking the cumulative H1 loss to S$9 million, which was much better than our full-year loss estimate of S$120 million. While freight rates were weaker
          155 words
        • Article
          Lock icon Singapore Exchange
          90 28 / 29 Hold July 31 close: S$7.97 Target price: S$7.80 DBS Group Research, July 30 INITIATIVES to boost securities market yet to fully bear fruit. The uncertain and volatile outlook for the global economy will continue to pose challenges for the securities market. We have a “hold” recommendation with S$7.80
          90 words
        • Article
          Lock icon Frasers Hospitality Trust
          181 28 / 29  -  Compiled by Cai Haoxiang Buy Close: S$0.82 Target price: S$1.02 UOB Kay Hian Research, July 30 FRASERS Hospitality Trust (FHT) reported distribution per unit of 1.56 Singapore cents for Q3 FY2015, bringing the DPU for the period July 14, 2014 to June 30, 2015 to 5.90 Singapore
          181 words
      • Article, Illustration
        Lock icon Some ridiculous trading figures to consider
        864 30  -  Believe it or not, the amount of ETF shares being traded has eclipsed the US GDP. By Eric Balchunas Bloomberg Everyone is talking about how exchange-traded funds (ETFs) have now overtaken hedge funds in terms of total assets. That’s small change compared with how
        Bloomberg; PHOTO: AFP  -  864 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Hyundai scion joins race for Fifa’s top job
      646 31 Billionaire Chung Mong-Joon to announce his candidacy to replace Blatter next week; he slams Platini as a stooge tainted by scandal AFP Seoul SOUTH Korean billionaire Chung Mong-Joon confirmed on Thursday he was joining the race to replace Fifa president Sepp Blatter,
      AFP  -  646 words
    • Article
      Lock icon Disputed Michael Jackson memorial may have to beat it
      518 31 AFP Munich A MEMORIAL set up in Germany by some of Michael Jackson’s most ardent fans the day after his sudden 2009 death has come under threat in a strangely emotional turf war. Rival factions enamoured with the “King of Pop”
      AFP  -  518 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      324 31 CRYPTIC CROSSWORD Across 1 Visitor and partner must accept independent judge (10) 6 Demands barrels be topped (4) 10 Colour of bedroom with no central heating (5) 11 Evidence of faith in setter Nick? (3,6) 12 A role played by church in infectious disease (7) 13 Escort rebellious mutineer, abandoning
      324 words
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      Lock icon Page 32 Advertisements Column 1
      138 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      138 words