The Business Times, 13 June 2016

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Total Pages: 26
1 26 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 Monday, June 13, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    252 1 Strong retail investor demand in Singapore for high-yield instruments has raised concerns about whether the instruments should be rated and how risky they really are. top stories 2 Shareholders of S i2i Ltd, a firm on the SGX watch-list, may have many concerns but whether the interests of
    252 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,822.97 +13.74 KL COMP 1,641.22 +4.76 NIKKEI 225 16,601.36 -40.87 HANG SENG 21,042.64 +95.40 SHENZHEN B 1,088.43 +0.20 DOW 17,865.34 +58.28
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  • Article
    Lock icon Bonds pip equities in fundraising by firms as investors chase yield
    888 1  -  But equity market is still deeper and more mature than perps market By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore CREDIT rating be damned investors in Singapore are hungry for yield, and corporate issuers have of late seemed happy to sate
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  • Article, Illustration
    Lock icon Hooliganism taints the Beautiful Game again
    576 1  -  EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT ENGLAND and Russia managed a scrappy 1-1 draw in their opening Euro 2016 match on Sunday morning (Singapore time), and that’s probably a fair result for both countries given the events on and off the pitch.
    576 words
  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon 1999: Say goodbye to the 20th century
      337 2  -  Hello euro, Y2K bug, SGX. BY CAI HAOXIANG, KENNETH LIM HE turn of the millennium brought with it a new international currency from Europe, alarm over computer bugs and the creation of the Singapore Exchange. The new euro had its first full day
      BT Graphics: Dania Amiril  -  337 words
    • Article, Illustration
      Lock icon Renewables seen maintaining growth
      571 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EVEN as prices for fossil fuel fell last year, this is not expected to have any long-term impact on the demand and installation of renewable energy capacity, said Bloomberg New Energy Finance (BNEF) in its latest forecast. The limited role
      Source: Bloomberg New Energy Finance  -  571 words
    • Article
      Lock icon Investors reminded to do homework before buying high-yield bonds
      799 2  -  But market participants think a lack of credit rating does not necessarily spell trouble By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE strong demand from Singapore retail investors for high-yield instruments has raised concerns about whether they should be rated and how
      799 words
    • Article, Illustration
      Lock icon StarHub: in the business of answering society’s call for help
      755 2  -  COMPANY OF GOOD By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore SINCE entering the industry as the third telecommunications company in Singapore, StarHub has aimed at differentiating itself by giving back to the community. Said chief strategic partnership officer Jeannie Ong: “There
      PHOTO: STARHUB  -  755 words
    • Article, Illustration
      Lock icon S i2i CEO’s goodwill gesture pays off
      962 3  -  Maneesh Tripathi volunteers to take home S$1 until the watch-list firm turns the corner By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THERE may be many things that shareholders of S i2i Ltd, a watch-list firm on the Singapore Exchange (SGX) may need to worry
      962 words
    • Article
      Lock icon Junk bonds seen leading comeback for beaten Norway oil services
      385 3 BLOOMBERG Oslo THE debt clean-up in Norway’s battered junk bond market is giving reason to hope. Battered by a drop in spending by crude producers that forced drillers and supply companies to restructure, the market is now less risky after
      BLOOMBERG  -  385 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      50 2 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
      50 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Governing for performance
      886 4  -  The true value of an effective board is in keeping the company safe while ensuring that it creates value. BOARDROOM MATTERS BY V RAMAKRISHNAN T The writer is a member of the professional development committee of the Singapore institute of Directors A BASIC tenet of any company
      FILE PHOTO  -  886 words
    • Article, Illustration
      Lock icon ABN Amro banker sees pullback of easy credit in trade finance
      1442 4  -  In China, the greater complication lies with liquidity chasing yield, and ongoing reform to tackle overcapacity in the economy TOPLINE By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE easy credit so richly associated with commodities over the last few years
      1,442 words
    • Article
      Lock icon Buying by company directors plunges
      1853 7  -  Selling side hits rock bottom by going below the average of one over the past 5 weeks INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited. The buying by directors plunged with only 11 companies that recorded 25 purchases worth
      1,853 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index June 10,2016 2,822.97 +13.74 (+0.49%) Current streak 2 days Week high 2,862.38 Week low 2,822.97 52-week high 3,353.85 (June 12, 2015) 52-week low 2,539.95 (Feb 12, 2016) WEEKLY FTSE ST Catalist index June10,2016 446.09 12.35 (+2.85%) Current streak 1 day Week high 447.11 Week low
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    • Article, Illustration
      Lock icon Focus likely to shift from US Fed to Brexit
      632 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT According to news reports, Friday’s Wall Street slide was partly due to Brexit worries. On one hand, this is hard to understand, since the June 23 UK referendum on whether Britain should stay or exit
      632 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 +1 236/232 253 209 6.6 6113.9 CapitaCom Trust 141 +0.5 142.5/140.5 158.5 122.5 6.1 4168.4 CapitaLand 303 +1 312/302 358 267 12.1 3 ***** CapitaMall Trust 204 +1 207/202 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Ezra 500,645,900 Cedar Strategic 484,351,400 Noble 412,620,100 Annica 349,501,100 Addvalue Tech 216,206,900 Market volume 7,680,911,000 VALUE DBS Grp 534,080,409 UOB 290,187,304 Singtel 268,373,121 Keppel Corp 205,027,273 OCBC Bank 204,887,731 Market value 4,699,771,000
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    • Article
      Lock icon UNUSUAL ACTIVITY
      78 8 VOL CLOSE($) CHANGE Infinio 1,010.1 0.007 +0.005 +250.00 Fuji Offset 22.4 0.260 -0.065 -20.00 Miyoshi 1,206.0 0.034 -0.002 -5.56 NauticAWT 59.0 0.145 -0.029 -16.67 MMP Resources 24,815.9 0.003 -0.001 -25.00 VGO 105.2 0.161 +0.022 +15.83 HuanHsin 178.1 0.013 +0.007 +116.67 MS Hldgs 50.0 0.072 -0.018 -20.00 Sunpower 10,350.4
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index June 10,2016 689.37 +2.95 (+0.43%) Current streak 2 days Week high 696.48 Week low 689.37 52-week high 804.33 (June 12, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 673.5 4.3 *****/***** DBXT MSKorea US$ 5342 253.4 3.6 5677/4478 SPDR S&P500 US$ ***** 173.5 0.6 *****/***** DBXT Nifty US$ ***** 161.3 1.0 *****/***** DBXT DBLCI-OY US$ 2330 153.1 5.1 2500/1946 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.7 600.0
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low Great Eastern 2132 -44.0 -2.0 2496/1870 Novo 43 -44.0 -50.6 89/14.8 IS ASIA HYG S$D 1440 -33.0 -2.2 1499/1407 IS ASIA BND S$D 1446 -31.0 -2.1 1483/1403 DBXT MSJAP US$ 4720 -25.8 -0.4 5224/4031 BY PERCENTAGE CLOSE DOWN 52w high/low Novo 43 -50.6
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    • Article
      Lock icon Copper market goes bearish as metal floods LME warehouses
      892 8 COMMODITIES REUTERS REUTERS London DR Copper’s health has taken a turn for the worse. After a brief rally this year, evidence is piling up that prices are going to head lower. Last week, warehouses tracked by the London Metal Exchange saw
      REUTERS  -  892 words
    • Article
      Lock icon SGX ETFs
      112 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 287 +1 2262 293/286 343/254 286/287 CIMBASEAN40 US$ US843 +23 352 862/820 957/700 820/833 132.2 Nikko AM STI ETF 292 -1 308 298/292 347/259 291/293 7 DBXT MSRussia US$ US199 +12 306 203/192 214/129
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    • Article
      Lock icon COMPANY MEETINGS
      90 8 COMPANY MEETING PLACE DATE TIME Manhattan Res E MND Auditorium 9 Maxwell Road (Annexe A) MND Complex 13-Jun 10.30am Xpress Hldgs Ltd E 25 Tai Seng Ave #01-01 KOP Bldg 14-Jun 9.30am Eu Yan Sang Intl E DBS Bank Ltd 12 Marina Boulevard Marina Bay Financial Tower 3
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 10 VALUE CLOSE BT OB/OS 72.00 -96.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 675.52 -3.76 FTSE ST Small Cap 395.13 -1.69 FTSE ST All Share 689.37 -3.75 FTSE ST China Top 161.69 -1.54 FTSE ST China 190.28 -1.17 FTSE
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index June 10,2016 1,640.92 -29.97 (-1.79%) Current streak 2 days Week high 1,697.11 Week low 1,640.92 52-week high 1,898.82 (June 26, 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 8 5 5 0 1 0 8 6 5 Manufacturing 66 62 20 10 12 16 76 74 36 Commerce 30 28 8 11 3 6 41 31 14 Tpt/Stor/Comms 21 10 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 94,355 697 95,052 353,193 129 353,322 Manufacturing 524,922 1,028,614 1,553,536 502,559 10,760 513,319 Commerce 593,577 227,326 820,903 409,666 8,136 417,802 Tpt/Stor/Comms 885,430 743 886,173 692,396 62 692,458 Finance 150,203 381 150,584 1,095,921 56 1,095,977 Construction
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    • Article
      Lock icon Sterling net shorts double – biggest rise in 5 years
      419 9 Sterling net shorts double biggest rise in 5 years CURRENCIES REUTERS New York SPECULATORS ramped up their bets against sterling in the latest week by the most in nearly five years, as hedge funds and other asset managers struck a decidedly defensive stance in the British currency two weeks ahead
      REUTERS  -  419 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.943 4.860 0.654 5.749 49.520 98.611 0.791 8.643 3.023 1.044 77.100 34.158 1.004 11.066 0.713 23.930 26.132 0.513 0.741 Canada 1.060 5.152
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jun 10 S$ Bid Offer 1-month 1.3556 1.3562 2-months 1.3562 1.3571 3-months 1.3571 1.3577 6-months 1.3589 1.3598 Source: OCBC
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jun 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0035 1.0042 0.7405 0.7407 Canadian dollar 1.0639 1.0646 0.7853 0.7851 Euro 1.5334 1.5345 1.1315 1.1319 NZ dollar 0.9612 0.9617 0.7093 0.7094 Sterling pound 1.9561 1.9576 1.4434 1.4440
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 9 Jun 10 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 0 *****5 Jul16 0 3057 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec16 *****.00 *****.00 *****.00 *****.00 103 3917 MSCI TAIWAN INDEX FUTURES Jun16 0 *****6 Jul16 0 *****
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        210 9 Most active Jun 10 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ntegrator Intl Ltd W*****3 0.4 unch ***** 1 1 3.50 29 DBS MB eCW*****1 10.8 1.3 ***** 0.1 1620 4 KepCorp MB eCW*****1 8.6 1.8 *****
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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 10 Index Change Change Change Change Change Change World Preliminary 1258.1 -1.1 -1.5 -0.9 -4.2 -1.3 0.3 EAFE Preliminary 930.3 -1.6 -8.2 -1.7 -8.6 -2.1 -4.4 Europe Preliminary 1313.5 -2.2 -7.0
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 10 $S Offer Bid 0vernight 0.15 0.10 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.10 US$ Offer Bid 7 days 0.50 0.40 1 month 0.50 0.40 2 months 0.65 0.45 3 months 0.80 0.60 6 months 1.10 0.90 9 months 1.30 1.10 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 Jun 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.24 5-Year NX*****X 2.250 01-Jun-21 103.71 103.85 103.57 10-Year NX*****F 2.125 01-Jun-26 101.11 101.25 101.10 15-Year NZ*****F 2.875 01-Sep-30 107.32 20-Year NZ*****V 3.375 01-Sep-33 114.52 114.85 114.60 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-10 Price Net change change Last Trade Agricultural Jun-10 CBOT Soybeans (US cents/bu) 1178.25 2.25 0.19% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.76 -0.27 -0.82% 14/07/2016 CBOT Wheat (US cents/bu) 495.00 -15.25 -2.99% 14/07/2016 Jun-10 LIFFE Cocoa (£/tonne) 2276.00 18.00 0.80% 14/07/2016 LIFFE Coffee (US$/tonne) 1643.00 -42.00 -2.49%
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    • Article
      Lock icon Cityneon riding high on marvellous transformation
      835 10  -  But keeping the party going with a third franchise will hinge on expanding the pool of creative talent By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore EXCLUSIVE deals with the popular Avengers and Transformers movie franchises have propelled Cityneon Holdings to become one of the best
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    • Article
      Lock icon Croesus Retail Trust looks to take manager in-house for S$50m
      617 10  -  This may be the first internationalisation of an SGX-listed Reit or business trust By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore IN what may be the first move of its kind here, a mainboard-listed business trust is looking to bring its trus-tee-manager
      617 words
    • Article
      Lock icon PRIME LENDING RATES
      243 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
      243 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1072 10 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl by 448.600 22-Mar 24-Mar 15-Jul 17-Mar Accordia Golf Tr aj 4.310 09-Jun 13-Jun 21-Jun 26-May Acromec Ltd aw 0.300 08-Jul 12-Jul 20-Jul 02-Jun AEM Hldgs aw 0.500 05-Jul 08-Jul 22-Jul 03-May Aims Amp Cap Ind Reit
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1219 10 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 9.39 0.90 0.60 AIMS AMP Cap Industrial Reit 1.00 1.00 4 0.11 12.67 1.50 1.38 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      2038 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week 151.5 127 AIMSAMP Cap Reit 138 unch 302 138 136.5 0.9 8.2 878.3 Div 170.7 101 ARA Asset Mgmt 143 +3 2010 144
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    • Article
      Lock icon SGX CATALIST
      365 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week Div GrYld 0.9 0.2 t Advanced Systems 0.2 unch 1 0.2 0.2 5.3 MCap High LOW 19.9 8.3 t Anchor Resources 10.5 +0.8 ***** 11.4 9.9 29.4 Sale
      365 words
    • Article
      Lock icon SGX ETF
      191 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 101.9 69.1 CIMB APAC Div US$ US78.7 +3.7 0 78.7 78.7 8.3 1293 991 CIMBASEAN40 S$D 1148 +32 0 1148 1129 957 700 CIMBASEAN40 US$ US843 +23 352 862
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  • Article, Illustration
    Lock icon Innovation for a smart city
    736 7 Huawei’s recently unveiled Openlab in Singapore acts as an incubation centre for collaboration and a realistic testing ground for delivering smart city solutions ADVERTORIAL AS the world urbanises, the need to improve the lives of citizens in increasingly populated living places has become an urgent
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      92 11 SGX^ Research like a pro. Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation, in relation
      92 words
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  • REAL ESTATE
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      44 12 DB Platinum Crod Branchen Stars R1C-A 06/06/2016 228,47 EUR )!27G#AFA#’97AI AI>@=2GI> $<& /AJHC5E !C3((L #4CJC !4H:48/AJHC5E ’;<&#;<&/AJHC5E 1 !C3((L C 3((L @C<&L;L/AJHC5E 9(;4J/A J HC5E 0 !C3((L ’;?%$K <% AJHC5E $<& /A65C<C 1!C3((L @C<&L;L/A65C<C 1 !C3((L 0 !C3((L 7( J D-.-110+0,, 1 !C3((L 9(;4J A65C<C B !C3((L
      44 words
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      Lock icon Page 12 Advertisements Column 2
      93 12 it lIghthouse NEC MASTER COMMERCIAL RESELLER NEC Trade-in any phone system to get the new NEC SL1000 Smart Communication Server for FREE!* Double Bonus with Government PIC Grant Claimable 1-year warranty included Contact our participating authorised dealers today! 1. Bell Solutions(6922 6688) 2. Guthrie Engineering (6746 2222) 3. Brightlink Office
      93 words
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      112 13 f» •I f* •I <1 «l f« <1 ;i r •i'll •3 I" .1 ll 91 1M i I II II 9 9 1 u 1r I I 11 oa!B x J*5 PEI fEp as k 1 f^l IB V I 3* 5 *s* •yjr ii ■-t IF llil fjf!
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Do good when doing well
      3269 14 THIS WEEK’S TOPIC: How can businesses integrate corporate giving with business strategy? Justin chiah Director and General Manager, South-east Asia and Taiwan Aruba, a Hewlett Packard Enterprise company AS businesses today strive to meet their business objectives and be profitable, they must not overlook the
      FILE PHOTO  -  3,269 words
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      22 15 bird’s Eye view of tender jobs Check out the most comprehensive collection of tender notices in The Straits Times Notices. 14/myj jun
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      Lock icon Page 15 Advertisements Column 2
      74 15 The full list of views from CEOs is available at http://businesstimes.com.sg Dear Dad 9 A Father*s Day gift to mahe you smile ESftE wm ErJtJW photobank.com.sg/promo.html i.'VA T R\ris i IMIS fAOT \L\VS I T1 IE STRAITS TIMES WISH jSWBEER/ :>'5j J .1 < C£E, LIFTING (i &SsE') III!'" '•Mniis
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Need we fear a tech bubble?
      1395 16  -  The current technology boom might be different from the previous one, but valuations are still stretched. BY CHUA ZONG YOU T The writer is a student at Singapore Management University’s Lee Kong Chian School of Business and a student trainer in the Citi-SMU Financial
      PHOTO: REUTERS  -  1,395 words
    • Article, Illustration
      Lock icon Renovation boss wishes he’d started even earlier
      672 16  -  STARTING YOUNG By Gladys Yeo gladyeo@sph.com.sg THE founder of One Stop Builders (OSB) believes strongly in pursuing a career only in something that one is passionate about, and also the old adage that the early bird gets the worm. Thus, Shane Ng, 36,
      PHOTO: YEN MENG JIIN  -  672 words
  • Page 16 Advertisements
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      113 16 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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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Welcome to where negative rates are normal
      1429 18 Denmark is deep into an experiment using a monetary policy tool once viewed by mainstream economists as approaching apostasy, if not a virtual impossibility WP Washington IN Copenhagen, bicycles take undisputed priority over cars and even pedestrians. A sizzling restaurant scene has made
      WP; PHOTO: BLOOMBERG  -  1,429 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      1194 18 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
      1,194 words
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      443 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERACTIVE MEDIA DESIGN PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****0356N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of INTERACTIVE MEDIA DESIGN PTE. LTD. deemed to have been duly convened
      443 words
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      Lock icon Page 18 Advertisements Column 3
      875 18 KINERGY CORPORATION LTD. Company No. *****0021D (the “Company”) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Kinergy Corporation Ltd. (the “Company”) will be held at No. 1 Changi North Street 1, Lobby 2, Singapore *****9 on 28 June, 2016 at
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon US plans to overhaul emergency oil reserve
      931 19 Modernising the underground salt caverns would allow for speedier releases REUTERS Freeport, Texas THE United States boasts the world’s largest stash of emergency oil supplies, yet the country’s ability to influence global crude markets with releases from that reserve has waned. The Obama
      REUTERS; PHOTO: REUTERS  -  931 words
    • Article
      Lock icon BP spins off Norway business into billionaire’s oil explorer
      547 19 BLOOMBERG London BP plc sold its Norwegian oil fields, some more than 40 years old, to a company controlled by billionaire Kjell Inge Roekke in a 10.8 billion kroner (S$ 1.8 billion) stock deal. The new business, called Aker BP ASA,
      BLOOMBERG  -  547 words
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      1721 19 ASIATRAVEL.COM HOLDINGS LTD NOTICE OF EXPIRY OF W*****5 WARRANTS ON 15 JULY 2016 TO: ALL HOLDERS OF W*****5 WARRANTS ("WARRANTS") TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF ASIATRAVEL.COM HOLDINGS LTD (THE"COMPANY") THIS IS AN IMPORTANT NOTICE THAT REQUIRES YOUR IMMEDIATE ATTENTION. Holders of Warrants ("Warrantholders") who are
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  • TECHNOLOGY
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      Lock icon Silicon Valley startup takes on Chinese hackers
      1460 20 Market for intelligence to thwart attacks before they happen set to reach US$1 b next year, up from US$255m in 2013 NYT Belleville, Wisconsin DRIVE past the dairy farms, cornfields and horse pastures here and you eventually arrive at Cate Machine Welding, a
      NYT; PHOTO: NYT  -  1,460 words
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      209 20 n i J4* STJOBS v CAREER& DEVELOPMENT2016 IT’S ALL ABOUT a sS£ Iff! safety S f s i i; jiimiiijir L BRINGING OUT THE BEST IN YOU Look forward to an enriching job hunting experience at the fair, with greater opportunities for networking, career talks and learning development. .ji Sat
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  • CONSUMER
    • Article, Illustration
      Lock icon Hitler’s Mein Kampf seems to be suddenly in demand again
      658 21 Autobiography becomes bestseller on expiry of German state copyright that prohibits reprinting of the book WP Washington FEW would have imagined that Adolf Hitler’s autobiography Mein Kampf (My Struggle) would again become a bestseller in the 21st century. But that’s
      WP; PHOTO: AFP  -  658 words
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      Lock icon L’Oreal turns to Big Data to win customers
      534 21 AFP San Francisco THE beauty industry has long relied on creating a sense of mystery, magic even, around its creams, powders and potions. Now it has something else up its sleeve: high technology. French cosmetics giant L’Oreal has opened a “tech incubator”
      AFP; PHOTO: BLOOMBERG  -  534 words
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      567 21 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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      2309 21 DUTY FREE INTERNATIONAL LIMITED DUTY FREE INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2393E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Duty Free International Limited (the “Company”) will be held at Six Battery Road #10-01 Singapore *****9 on
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  • GOVERNMENT & ECONOMY
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      Lock icon Brexit referendum outcome too close to call
      724 22 Cameron warns leaving EU would mean a “lost decade” that would “suck the energy out of our govt and country” BLOOMBERG AFP London BRITISH public opinion is too close to call on whether the country should stay in the European Union, with many
      BLOOMBERG; AFP; PHOTO: BLOOMBERG  -  724 words
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      Lock icon EU leaders and bureaucrats under pressure to reform the union
      901 22  -  By Neil Behrmann btworld@sph.com.sg London WHETHER Britain remains in or leaves the European Union (EU), growing disenchantment among the populace in the member nations is pressurising leaders and bureaucrats to reform. Such is the nervousness about the possibility of Brexit
      Source: Spring 2016 Global Attitudes Survey. Q10c.  -  901 words
    • Article
      Lock icon China’s corporate debt build-up could trigger crisis: IMF official
      691 22  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE problem of corporate indebtedness in China has become a “key fault line” for the world’s second-largest economy as it seeks structural rebalancing and to achieve sustainable development for the future, a senior International Monetary Fund
      691 words
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      Lock icon Fed’s rate decision key to market volatility
      930 22  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks flirted with records before falling back last week as investors wondered whether the Federal Reserve could stave off a deflation scare at its meeting this week. The low interest-rate era that began in 2008
      930 words
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  • TRANSPORT
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      Lock icon Newest LNG supership comes too late to the party
      899 23 Ordered by Petronas in 2012 when LNG traded for more than US$15 per million British thermal units, the vessel is launched when prices are down by two-thirds BLOOMBERG Singapore IT’S longer than three soccer fields, heavier than two aircraft carriers and
      BLOOMBERG; FILE PHOTO  -  899 words
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      Lock icon Giant cargo ship used to test expanded Panama Canal
      492 23 AFP Panama PANAMA has sent a giant Neopana-max-class cargo ship through its canal to test expansion work costing billions of dollars and whose official opening is to be marked with a ceremony later this month. “The tests are going very, very
      AFP; PHOTO: REUTERS  -  492 words
    • Article
      Lock icon Hong Kong eyes shipping boost from China’s new silk road, Iran
      436 23 REUTERS Athens HONG Kong’s crucial shipping trade is hoping China’s overseas infrastructure plan and closer business ties with Iran will enable the city to tackle the downturn in the seaborne sector and tougher competition, officials said. The global container
      REUTERS  -  436 words
    • Article
      Lock icon Lazard in control as push for Takata solution builds: source
      533 23 REUTERS Tokyo LAZARD is driving financial restructuring talks for Takata Corp, with the Japanese airbag maker’s founding family now firmly in the back seat, a person briefed on the process said. Takata, at the centre of the car industry’s biggest
      REUTERS  -  533 words
  • Page 23 Advertisements
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      52 23 J U L 1 6 20WEDNESDAY NTUC Trade Union House 9.00am to 5.00pm ACCELERATING TEAMWORK This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. Trainer Patrick Ho P R I C E $620.60 To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops
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      16 23 Life is too short for bad coffee Grab a copy at all good bookstores and www.stpressbooks.com.sg
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  • Page 24 Advertisements
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      2005 24 C a i l a n ~E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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      244 24 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 888 BST254 14/06/2016 15/06/2016 Buatan/Buatan DAILY Marco Polo 262 PRW067 14/06/2016 15/06/2016 Perawang/Perawang DAILY Marco Polo
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  • DINING OUT
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      Lock icon Whetting the appetite for more
      1037 25  -  Paradise Teochew Restaurant has so many interesting dishes that diners would want to just keep going back. back.BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Paradise Teochew Restaurant #03-04/05/06/07 Scotts Square Tel: 6538-0644 Open for lunch and dinner daily. Mon to Friday: 11.30am to 3pm; 6pm
      1,037 words
  • Page 25 Advertisements
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      71 25 SINGAPORE Q UALIFIERS presented by 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 SINGAPORE QUALIFIERS 20, 26 JULY 2016 SINGAPORE FINALS 2 AUGUST 2016 ENTRY FEE $480 GOODIE BAG WORTH OVER $750 VENUE TANAH MERAH
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      225 25 Show Me the Money writes about the important economic concepts and investment strategies applicable to stocks investments. Using actual case studies and data, the book illustrates how these strategies worked for the Singapore market over the years. The painful lessons to learn and pitfalls are highlighted as well. The book
      225 words
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      181 25 www.omy.sg GEMINI BABIES! 3 things to look out for in the month of june; Chinese Language Content m &K0 0! SCAN BREAD NOW tfSGPF k Still the BEST gifts fair in town! air Singapore Gifts Premiums Fair 2016 29 JUNE 1 JULY Level 1, Hall B C Sands Expo Convention
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon The ‘burkini’ stirs a swimming pool battle in small German town
      509 26 WP Washington THE idea behind a ‘burkini’ is simple. It’s a women’s garment made of swimsuit material covering the entire body, except for the face, hands and feet. By covering most of a woman’s skin, it allows her to
      WP; PHOTO: BLOOMBERG  -  509 words
    • Article
      Lock icon China’s plan for college spots for poor ignites class conflict
      1222 26 At issue is the system of higher education in which top schools are concentrated in big prosperous cities NYT Beijing CHENG Nan has spent years trying to ensure that her 16-year-old daughter gets into a college near their home in
      NYT  -  1,222 words
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      Lock icon Japan planting seeds of baseball throughout Africa
      1095 26 NYT Dakar, Senegal BABACAR Ndiaye, 12, does not know Babe Ruth from Bryce Harper. The boy’s favourite baseball player is Ryoma Ogawa, who teaches Senegalese children to catch, throw, field and hit. Baseball is called America’s pastime, but Japan has been cultivating the
      NYT; PHOTO: JANE HAHN/THE NEW YORK TIMES  -  1,095 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      345 26 CRYPTIC CROSSWORD Across 1 The RAF redefined loosely as an ‘ally with wings’ (9,6) 9 US author’s old book hit (4,5) 10 Revolutionary monarch getting welcome from the crowd? (5) 11 I’m going under? I have to have doctor around! (5) 12 One of over a hundred spotted in film
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