The Business Times, 16 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 Thursday, June 16, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    233 1 influential benchmark provider MSCI will once again delay the inclusion of China’s A-shares in its emerging markets index. TOP STORIES 2 Retail sales in Singapore rise 3.8 per cent in April from a year ago but only because of motor vehicles. Otherwise, they would be down 3 per
    233 words
  • Article
    Lock icon Economists pare Singapore’s 2016 growth forecast – again
    851 1  - Economists pare Singapore’s 2016 growth forecast again Private-sector economists now put full-year growth at 1.8 per cent, in their fifth consecutive downward revision in as many quarters By Kelly Tay kellytay@sph.com.sg @kellyTayBT Singapore SINGAPORE’S growth forecast for this year has been pared for the fifth time in a row and
    851 words
  • Article, Illustration
    Lock icon Developers’ sales of private homes hit 10-month high in May
    1326 1  -  Data does not include sales in delicensed projects; CapLand gets creative with marketing in two projects By Kalpana Rashiwala kalpana@sph.com.sg @kalpanaBT Singapore DEVELOPERS’ sales of private homes surged to a 10-month high last month on the back of new launches
    Source: CBRE Research and URA  -  1,326 words
  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 2,774.25 +5.92 KL COMP 1,627.96 +1.85 NIKKEI 225 15,919.58 +60.58 HANG SENG 20,467.52 +79.99 SHENZHEN B 1,077.00 +8.91 DOW(11.45AM EDT) 17,711.66 +36.84
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      55 1 8 "887 1 8 1 *****1 TI1E BUSINESS TIMES Jaeger-leCoultre Boutiques 2 Orchard Turn, ION Orchard, #02-08, Tel: +0.1 6510 2882, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2M-240, Tel: +65 6688 7003, Singapore Reverso Tribute Calendar watch Eduardo Novillo Astrada, polo Champion, Winner of the Argentine Triple
      55 words
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      Lock icon Page 1 Advertisements Column 2
      15 1 HOCK LOCK SIEW Closer ties between Scoot and Tiger vital for success COMPANIES MARKETS 9
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      Lock icon Page 1 Advertisements Column 3
      24 1 RENTAL MARKET Private housing rents down in May, those for HDB stay flat REAL ESTATE 13 DIGITAL WARS Who is winning in Asia-Pacific? OPINION/25
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  • TOP STORIES
    • Article, Illustration
      Lock icon MSCI delays A-share inclusion yet again
      754 2  -  China stocks unmoved by news; analysts say there shouldn’t be any price distortions even with inclusion By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore IN A NOD to institutional investors still dissatisfied with the accessibility of China’s stock market, influential benchmark provider MSCI announced it will
      Source: MSCI, CICC, AXAIM Research  -  754 words
    • Article
      Lock icon CIMB lays off 12 from Singapore broking business
      351 2  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE lacklustre markets have claimed more victims, as CIMB laid off a dozen staff from its broking business in Singapore a week ago. The bank confirmed that the retrenched employees mostly came from back-end support functions.
      351 words
    • Article
      Lock icon IIF flags heavy debt redemption ahead for emerging markets
      612 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo AUGMENTING a growing chorus of warnings about corporate debt levels in emerging-market economies, especially China, the Institute of International Finance (IIF) said on Wednesday that the “heavy redemption schedule ahead” could create strains. The Washington-based organisation
      612 words
    • Article, Illustration
      Lock icon S Korea, Singapore to boost fintech co-operation
      663 4  -  MOU covers exchange of info on fintech ecosystems and regulatory regimes, linking startups with local partners By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore FINTECH (financial technology) took the spotlight on Day 1 of Echelon Asia Summit 2016, a two-day technology and business event that
      663 words
    • Article
      Lock icon Clinton wins final 2016 primary as debate turns to terror fight
      559 4 AFP Washington HILLARY Clinton captured the mostly symbolic Democratic primary on Tuesday in the US capital, the final vote of the 2016 presidential primaries, as the race shifts to her showdown with Republican rival Donald Trump. Mrs Clinton won
      AFP  -  559 words
    • Article
      Lock icon CMA-PSA venture to operate four mega berths at Pasir Panjang
      385 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore FRENCH shipping line CMA CGM and PSA Singapore Terminals Pte Ltd (PSA) will form a joint venture company CMA CGM-PSA Lion Terminal Pte Ltd (CPLT) to operate and use four mega container berths
      385 words
    • Article, Illustration
      Lock icon Data integration key to smart nation vision: Talend
      1017 4  -  The disruptor to legacy vendors like IBM and Oracle is part of a consortium training local professionals for Smart Nation By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE’S Smart Nation vision is fundamentally about data integration, says Mike Tuchen, a former Microsoft executive
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    • Article
      Lock icon April retail sales sans cars down 3 per cent
      513 5  -  Economists say poor economic outlook continues to dent discretionary spending By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore RETAIL sales in Singapore rose 3.8 per cent in April from a year ago but only because of motor vehicles. Otherwise, retail sales would be
      513 words
    • Article, Illustration
      Lock icon Vopak opens refrigerated LPG facility on Jurong Island
      443 5  -  Dutch company aims to offer alternative feedstock to naphtha and feed Asia’s growing demand for LPG By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore VOPAK Terminals Singapore on Wednesday officially opened South-east Asia’s first independent refrigerated liquefied petroleum gas (LPG) facility at its Banyan
      443 words
    • Article, Illustration
      Lock icon Forget history; Wales are bent on knocking out their old enemy
      701 5  -  EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT ENGLAND and Wales have battled each other over a hundred times on a football pitch in a heated rivalry that dates back 137 years. So I find it fascinating that Thursday’s
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    • Article
      Lock icon MDA seeks proposals for two FM frequencies
      214 5  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Media Development Authority (MDA) has launched a public tender to seek proposals to operate commercial or not-for-profit radio stations on two FM frequencies FM 89.3 and FM 96.3. The FM 89.3 spectrum is vacant while
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      258 3 m m m K 3eK 'jf 4 2* u r n KS I I i -Ms lliu III1I1U Uik re «6eIfilBSH V Hi Illlllittii I is I iu Ki! IIIIHM A _j HOME FOR THEM V-, a I B-T" jfe 'V Sffe* fO*WP 'A KHz rX> v~ ft* 4+P m
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      104 5 Singapore medical Specialists Centre One One Stop One &cnfrie Gastric and Colon Cancer Screening @S$1600* Procedure done by Senior Consultant Gastroscopy Colonoscopy Biopsy (if needed) Polyp Removal (if needed S$300) Medisave Claimable up to S$1900 *Terms Conditions Apply **Medisave withdrawal limit for the above procedures based on table of surgical
      104 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Most Singapore-listed firms not open to Brexit risks: analysts
      1036 6  -  Pound’s “shock fall” in aftermath could prove to be temporary; costs of exit from EU also seen as being overblown By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SINGAPORE-LISTED companies are by and large insulated from Brexit risks except a handful that have
      Source: DBS Bank  -  1,036 words
    • Article
      Lock icon YuuZoo signs deal to run SME e-commerce platform in Nigeria
      554 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MAINBOARD-listed social e-com-merce network YuuZoo has signed an agreement with Etisalat, an Abu Dhabi-based telecommunications group that operates in Africa and the Middle East, for the launch of a new e-commerce platform in Nigeria.
      554 words
    • Article
      Lock icon Facilities manager and maid agency planning Catalist debut
      332 8  -  Advancer Global has lodged its preliminary prospectus for a listing By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore ADVANCER Global, a firm comprising a maid agency, a cleaning and stewarding services arm and a security services arm, has lodged a preliminary prospectus for a
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    • Article
      Lock icon SPDR Gold most active ETF as investors hedge against uncertainty
      404 8  -  By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore GOLD was the most active ex-change-traded fund (ETF) on the Singapore Exchange (SGX) so far this year as investors sought refuge against financial volatility. Month to date and year-to-June 14, the SPDR Gold Shares
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    • Article
      Lock icon Crown Resorts may split assets as cushion against Macau slump
      446 8 REUTERS Sydney AUSTRALIAN casino firm Crown Resorts Ltd may split most of its domestic assets off into a new listed company, seeking to cushion those operations from the slide in business at Asian gambling hub Macau, which has hammered its
      REUTERS  -  446 words
    • Article
      Lock icon Closer ties between Scoot and Tiger vital for success
      922 9  -  HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT WITH Scoot and Tiger Airways housed under a single holding company, the long-anticipated merger of the two budget carriers seems just a matter of time now. Budget Aviation Holdings, as the entity is
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    • Article
      Lock icon SIA passenger carriage down 2.9% in May
      272 9 Singapore SINGAPORE Airlines (SIA) passenger carriage (measured in revenue-pas-senger-kilometres) fell 2.9 per cent in May against last year, even as capacity was scaled back slightly. Capacity (in available-seat-kilome-tres) was down 1.6 per cent, which resulted in passenger load factor (PLF) dipping 0.9 percentage
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    • Article, Illustration
      Lock icon Keppel delivers rig ahead of schedule
      52 9 KEPPEL Corporation’s US rigbuilding subsidiary Keppel AmFELS said it has successfully delivered one of the world’s largest harsh environment enhanced mobility land rigs. The rig was delivered 41 days ahead of schedule and with a strong safety record, Keppel said. PHOTO: KEPPEL CORPORATION PHOTO:
      PHOTO: KEPPEL CORPORATION  -  52 words
    • CORPORATE DIGEST
      • Article
        Lock icon Hyflux
        69 9 HYFLUX said on Wednesday that its subsidiary Qurayyat Desalination SAOC has achieved financial close for the non-recourse project financing of Qurayyat Independent water Project (IWP) in the Sultanate of Oman. The US$185 million facility is provided by Mizuho Bank Ltd, Standard Chartered Bank, Dubai International Financial Centre Branch and
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      • Article
        Lock icon F & N
        137 9 F N FRASER and Neave, a food and beverage and property conglomerate, is planning to buy vending machine provider Warburg for S$29 million. The proposed acquisition covers the entire issued share capital of Warburg vending, Warburg Engineering and Warburg vending Services. F&N said in a press release that Warburg, which
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      • Article
        Lock icon CapitaLand
        32 9 CAPITALAND has sold its 100 per cent stake in Citadines Hitec City Aparthotel Private Limited in India to unrelated parties for S$8.3 million. The company owns a land parcel in Hyderabad.
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    • Article, Illustration
      Lock icon The art of training at OCBC Campus
      269 9  -  By Arthur Lee arthurl@sph.com.sg Singapore “KNOWING is not enough, we must apply. Willing is not enough, we must do.” Inspiring quotes such as this from Bruce Lee will be seen on the walls of OCBC Campus when work to transform it into an
      PHOTO:ARTHUR LEE  -  269 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index June 15,2016 2,774.25 +5.92 (+0.21%) Current streak 1 day Day high 2,779.28 Day low 2,759.02 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 15,2016 439.28 +1.88 (+0.43%) Current streak 1 day Day high 439.50 Day low
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    • Article, Illustration
      Lock icon Market wards off fifth straight loss
      638 10  -  STI inches up on firm Europe opening, with the rebound seen as due more to short-covering than genuine buying STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index drifted within a narrow band, spending most of Wednesday in the red and headed for
      Source: Bloomberg  -  638 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 -2 232/229 253 209 6.7 6061.2 CapitaCom Trust 138.5 -0.5 139.5/138 158 122.5 6.2 4094.5 CapitaLand 299 +3 300/294 358 267 12 3 ***** CapitaMall Trust 202 -2 204/202 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Annica 200,300,000 Noble 107,943,400 Ezra 97,259,700 SinoCloud 45,540,000 Memstar Tech 30,886,600 Market volume 1,613,636,000 VALUE Singtel 83,719,543 DBS Grp 76,067,916 UOB 39,216,205 OCBC Bank 35,409,756 JMH USD 29,481,567 Market value 810,188,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 10 Jun 15 VALUE CLOSE BT OB/OS -159.00 +62.00 BT CADI -*****.00 -31.00 BT 10-day MA -*****.00 -16.00 FTSE ST Mid Cap 667.33 -0.21 FTSE ST Small Cap 390.87 FTSE ST All Share 677.95 +0.94 FTSE ST China Top 159.36 -0.13 FTSE ST China 187.44 -0.49 FTSE ST
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 10 STI FTSE ST All-Share ftse ST All-Share index June 15,2016 677.95 +0.94 (+0.14%) Current streak 1 day Day high 678.60 Day low 675.01 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 10 STI MSCI EAFE MSCI EAFE index June 14,2016 1,575.37 -34.36 (-2.13%) Current streak 4 days Day high 1,607.81 Day low 1,574.47 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 4 0 0 1 5 7 5 Manufacturing 30 34 32 9 8 10 39 42 42 Commerce 11 14 19 0 4 6 11 18 25 Tpt/Stor/Comms 14 11 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,506 146 13,652 47,715 26 47,741 Manufacturing 100,669 268,938 369,607 78,446 1,145 79,592 Commerce 134,151 25,841 159,992 77,697 612 78,309 Tpt/Stor/Comms 169,489 360 169,849 172,371 31 172,402 Finance 20,571 15 20,586 160,954 2 160,957 Construction
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    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low DBXT AUDBonds AU$ ***** 237.0 1.1 *****/***** DBXT MSJAP US$ 4609 66.4 1.1 5224/4031 DBXT MSKorea US$ 5194 54.2 0.8 5677/4478 Jardine C&C 3331 47.0 1.4 4520/2636 DBXT China50 US$ 2736 35.3 1.0 3942/2355 BY PERCENTAGE CLOSE UP 52w high/low Magnus Energy 0.2
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 7706 -206.1 -1.9 8403/6250 Prudential USD 1689 -96.3 -4.0 2500/1689 DBXT S&P500 US$ 3578 -63.7 -1.3 3650/3126 Lyxor MS India US$ 1480 -63.7 -3.1 1840/1331 Great Eastern 2100 -35.0 -1.6 2496/1870 BY PERCENTAGE CLOSE DOWN 52w high/low Yongnam R 0.3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 10 VOL CLOSE($) CHANGE Universal Res 24.3 0.150 +0.055 +57.90 BlackGoldNatural 1,100.1 0.036 -0.006 -14.29 Memstar Tech 30,886.6 0.002 +0.001 +100.00 S i2i 42.2 2.050 +0.300 +17.14 AVIC 22.4 0.060 +0.015 +33.33 Lafe 5.0 0.560 +0.055 +10.89 Intraco 52.5 0.300 +0.045 +17.65 KLW 19,956.3 0.007 -0.001 -12.50 Enviro-Hub 70.0
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    • BROKERS’ TAKE
      • Article
        Lock icon UG Healthcare Corp | Not rated
        125 10 UG Healthcare Corp Not rated June 15 close: S$0.31 Potential target price: S$0.33 DBS Group Research, June 14 UG Healthcare is an established Malaysian glove manufacturer with plans to grow its global distribution network. As competition heats up, UG Healthcare’s edge lies in the ownership of an international distribution business,
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      • Article
        Lock icon Global invacom | Buy
        167 10 Global invacom Buy June 15 close: S$0.118 Target price: S$0.28 RHB Research, June 15 Global Invacom has partnered with PT ANTA Mediakom to deploy up to 14,000 Very Small Aperture Terminals (“VSAT”) to an Indonesian customer to facilitate communications and online financial services by 2017. The VSATs can be rapidly
        167 words
      • Article
        Lock icon Soilbuild Reit | Buy
        139 10  - Soilbuild Reit Buy Compiled by Cai Haoxiang June 15 close: S$0.685 Target price: S$0.84 DBS Group Research, June 15 With a yield of about 9.1 per cent, one of the highest in the Singapore real estate investment trust (Reit) universe, we believe that negatives are priced in and Soilbuild Reit
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    • Article
      Lock icon SGX ETFs Most Active
      109 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSPAKIS US$ US205.2 +8.2 436 207.5/199 213.8/169.8 204.7/205.6 10.1 STI ETF 282 342 282/280 343/254 282/283 DBXT MS SING US$ US110.5 -0.8 150 110.5/110.4 129.8/97.5 110.7/111.1 5.5 Nikko AM STI ETF 286 -1 117 287/285
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    • Article
      Lock icon Yen, Swiss franc slip as Brexit fears abate
      421 11 CURRENCIES REUTERS London THE safe-haven yen and Swiss franc lost ground on Wednesday as concerns over Britain’s referendum on its EU membership abated briefly, while most investors stayed on the sidelines before a Federal Reserve policy decision later in the day. A
      REUTERS  -  421 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Jun 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 4.862 0.658 5.725 49.499 98.766 0.784 8.666 3.024 1.050 77.143 34.257 1.000 11.291 0.713 23.920 26.043 0.521 0.738 Canada 1.054 5.125
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Jun 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9998 1.0011 0.7375 0.7380 Canadian dollar 1.0541 1.0552 0.7779 0.7776 Euro 1.5206 1.5220 1.1217 1.1220 NZ dollar 0.9519 0.9532 0.7022 0.7027 Sterling pound 1.9210 1.9227 1.4171 1.4174
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Jun 15 S$ Bid Offer 1-month 1.3559 1.3571 2-months 1.3563 1.3576 3-months 1.3571 1.3582 6-months 1.3589 1.3602 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        204 11 Jun 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10 0.4 7795 0.1 1620 4 FTSEChinaA50 9500 MBeCW*****0 9.8 0.3 6740 0.0 2 UOB MB eCW*****1 9.4 0.4 6689 0.1 1850 4 STI
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jun 14 Index Change Change Change Change Change Change World Preliminary 1230.2 -0.9 -3.7 -0.9 -6.5 -1.1 -2.1 EAFE Preliminary 897.3 -1.6 -11.5 -1.9 -12.2 -2.1 -8.2 Europe Preliminary 1267.0 -1.9 -10.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        384 11 Jun 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9147.50 9227.50 8950.00 9155.00 *****4 *****0 Jul16 9007.50 9092.50 8820.00 9032.50 4071 5788 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec16 *****.00 *****.00 *****.00 *****.00 171 3963 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Jun 15 $S Offer Bid 0vernight 0.06 0.01 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.10 US$ 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
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 Jun 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.13 5-Year NX*****X 2.250 01-Jun-21 103.44 103.75 103.45 10-Year NX*****F 2.125 01-Jun-26 100.66 101.09 100.75 15-Year NZ*****F 2.875 01-Sep-30 106.59 106.90 106.85 20-Year NZ*****V 3.375 01-Sep-33 113.64 114.15 114.00
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        245 11 Jun-14 Price Net change change Last Trade Agricultural Jun-14 CBOT Soybeans (US cents/bu) 1169.50 0.50 0.04% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.52 0.01 0.03% 14/07/2016 CBOT Wheat (US cents/bu) 485.00 -6.25 -1.27% 14/07/2016 Jun-14 LIFFE Cocoa (£/tonne) 2308.00 9.00 0.39% 14/07/2016 LIFFE Coffee (US$/tonne) 1618.00 -31.00 -1.88%
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    • Article
      Lock icon SGX MAINBOARD
      1786 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 137.5 +0.5 149 138 137 0.9 8.3 875.1 Div 170.7 101 ARA Asset Mgmt 140 +2 545 140.5
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    • Article
      Lock icon SGX CATALIST
      263 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day 5 1.7 t Acesian Partners 3.5 unch 50 3.5 3.5 4.8 13.1 GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 10.5 -0.2 1641 10.8 10.5 29.4
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    • Article
      Lock icon SGX ETF
      140 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3942 2355 DBXT China50 US$ US2736 +26 11 2736 2680 7.5 129.8 97.5 DBXT MS SING US$ US110.5 -0.8 150 110.5 110.4 5.5 362 190 DBXT MSBrazil
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      Lock icon Page 6 Advertisements Column 1
      289 6 THE STRAITS TIMES Subscribe to The Straits Times All-in-One package and stand to win a trip for two to anywhere in the world or a retreat at Resorts World Sentosa a* -iiM. OR ONE WINNER FOR THIS PRIZE a5uS £rs^ ■>? i ONE WINNER FOR EACH PRIZE Choose from 8
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  • Page 8 Advertisements
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      530 8 POWER OF EFFECTIVE NEGOTIATING, PRESENTING THINKING STRATEGIES Who should attend: Senior and Middle Management, Supervisors, Business Owners, Marketing Managers and Advertising Executives NEGOTIATION GETTING THE BEST DEAL Opportunities appear and disappear quickly in today’s world and those who can efficiently and effectively negotiate a deal will be those who can
      530 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      470 9 Notice of Results of Meeting EU YAN SANG INTERNATIONAL LTD (UEN/Company Registration No. *****2179H) (Incorporated in the Republic of Singapore) (“EYS”) Notice to holders (the “Noteholders”) of the outstanding S$25,000,000 4.50 Per Cent. Fixed Rate Notes Due 2016 (ISIN: SG6R*****424) (the “Notes”) of EYS convened for 10.00 a.m. (Singapore time)
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      80 12 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 4 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 Private housing rents down in May, those for HDB stay flat: SRX
      677 13  -  Analysts note private rents and capital values moving in opposite directions By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore RENTS of private non-landed homes slipped 0.6 per cent in May while that for HDB flats remained unchanged compared to a
      PHOTO: REUTERS  -  677 words
    • Article
      Lock icon Half of Chinese property buyers delay UK deals until after EU vote
      293 14 REUTERS London HALF of Chinese investors are holding back from buying property in Britain until after the country’s referendum on EU membership, a survey showed on Wednesday, though a quarter say they are more eager to complete purchases
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      Lock icon UK’s real estate woes run deeper than Brexit
      658 14 Possible return of Europe’s debt crisis, faster US interest rates rise and a fall in Chinese growth cited BREXIT VOTE BLOOMBERG London WHILE some investors have been quick to blame next week’s Brexit vote for the slowdown in UK commercial property sales,
      BLOOMBERG; PHOTO: BLOOMBERG  -  658 words
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      Lock icon Airbnb makes case for home-sharing in Japan as regulation looms
      810 15 It says it can buoy a stagnant economy and support the 2020 Olympics BLOOMBERG Tokyo AIRBNB Inc has gone on a charm offensive in Japan, hoping to drum up support as regulators there debate whether to clamp down on the
      BLOOMBERG; PHOTO: REUTERS  -  810 words
    • Article
      Lock icon Househunt
      1527 15 Property transactions for districts 1 to 18 with contract dates between May 4 and May 10,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 10/05/2016 99 657 1040 1584 District 2 NON-LANDED Skysuites
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      433 14 Collective Sale By Tender Harbour View Gardens Land Area is 2,856.30 sqm Strata Title Tenure Estate in fee simple Plot Ratio 1.4 up to 5 storey Base Line 1.412 at 4,032 sqm Closing Date 07/07/2016 Before 3PM William Gan Realty Pte Ltd William Gan 9660-3068(CEA: R*****9B) Joey Sia 9049-2410(CEA: R*****4G)
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      70 14 FOR SALE BY TENDER Dalvey Estate Good Class Bungalow 2 Storey Conservation GCB with attic and swimming pool. Architectural Heritage Award Winner. Large scale extension upgrade just completed. Land area ***** sq.ft. Built-up ***** sq.ft. Tenure Freehold For viewing and tender document, please contact Sole Marketing Agent: JOHN GOH (CEA
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  • BANKING & FINANCE
    • Article
      Lock icon S-E Asian firms cut US$ debt to cushion against crisis
      471 16 BLOOMBERG Hong Kong SOUTH-EAST Asian companies are cutting US dollar bond offerings, reducing the risk that US currency appreciation driven by Federal Reserve interest rate increases will trigger the kind of runaway debt costs seen in the Asian financial crisis.
      BLOOMBERG  -  471 words
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      Lock icon London traders brace for biggest night since ‘Black Wednesday’
      1342 16 Banks calling in all traders to work through British EU referendum night; BOE will also be staffed overnight REUTERS London THE world’s biggest banks, including Citi and Goldman Sachs, will draft in senior traders to work through the night following Britain’s
      REUTERS; PHOTO: REUTERS  -  1,342 words
    • Article
      Lock icon US accounting body to unveil new bank-reserves standard
      953 16 But analysts say the proposed approach would lead to highly subjective loan loss estimates REUTERS New York A US accounting regulator plans to release new rules on Thursday that will change how banks set aside money for bad loans, raising fresh questions
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      182 16 WHEREAS Spectrum Worldwide Events (Malaysia) Sdn Bhd (“SWE Malaysia”) (Malaysia Company Registration No. *****9-M), City Relay (Malaysia) Sdn Bhd (“CR Malaysia”) (Malaysia Company Registration No. *****55-V) and City Relay (Thailand) Co. Ltd. (“CR Thailand”) (Thailand Company Registration No. **********785) are companies incorporated in Malaysia (in the case of SWE Malaysia
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      63 17 SGCARMART HAPPYSELLERS $5,000CARSOLDFORMORETHANEXPECTED! ADVERTISE YOUR CAR FOR SALE NOW Visit sgcarmart.com/owner Once you find a buyer, sgCarMart Connect will provide -REBECCACHAN 100% FREE settlement on Loans, Insurance Paperwork for both seller buyer. Call 6744 3540 You may also come to our office to post your advertisement. 61 Ubi Avenue 2
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  • ENERGY & COMMODITIES
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      29 18 HOW INDIA’S TAX TREATY WITH MAURITIUS WILL IMPACT INVESTMENTS FROM SINGAPORE Face in the Crowd JOYFUL CATALYST GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      13 18 Insert coffee to begin Grab a copy at all good bookstores and www.stpressbooks.com.sg
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      50 18 J U N 1 6 30THURSDAY SPH News Centre 9.30am to 6.00pm TRANSFORMATION OF LIFE WITH MINDFULNESS Trainer Yeo Chong Yuen Early Bird by 25 Jun$489 Price From 26 Jun$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops STJOBS LEARNING
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  • TECHNOLOGY
    • Article
      Lock icon Alibaba tries to shore up investors’ confidence
      846 19 Chairman Jack Ma himself attends investor meeting, defends company’s efforts to fight the trade in counterfeit goods NYT Hong Kong THE Alibaba Group of China has disappointed investors since its record-breaking American stock listing nearly two years ago, as volatile financial results and
      NYT  -  846 words
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      Lock icon LinkedIn mega deal puts new focus on social media
      649 19 AFP Washington AFTER the mega-deal for LinkedIn, Twitter’s future has come into focus as the industry ponders the outlook for social networks. Microsoft’s US$26 billion acquisition of LinkedIn announced on Monday, the biggest-ever deal for a social media company, sent Twitter
      AFP; PHOTO: REUTERS  -  649 words
    • Article
      Lock icon Twitter invests US$70m in SoundCloud music service
      347 19 NYT New York TWITTER has invested about US$70 million in the streaming music service SoundCloud in a deal that may help both companies attract more users. Jack Dorsey, Twitter’s chief executive, confirmed the company’s investment in a statement to the technology news site
      NYT  -  347 words
    • Article
      Lock icon India challenging Musk, Bezos with record satellite launch
      466 19 BLOOMBERG New Delhi INDIA’S space agency will launch a record 22 satellites on a single rocket as it tries to ease a global backlog and demonstrate the ability to compete with commercial spaceflight companies run by billionaires Elon Musk and Jeff Bezos.
      BLOOMBERG  -  466 words
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      1097 19 NOTICES GREEN SPRING ENTERPRISES LIMITED Business Company Number: *****8 IN VOLUNTARY LIQUIDATION Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Green Spring Enterprises Limited commenced on 10 June 2016 and that Lia Shiow Jiuan Nicole of
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  • CONSUMER
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  • GOVERNMENT & ECONOMY
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      Lock icon Deal-making excitement builds up in Myanmar
      1315 21 Newly open country poised for foreign investment takeoff with the easing of more US sanctions in May BLOOMBERG Singapore A SCORCHING May day in Myanmar calls for beers and loosened neck ties. At newly opened Harry’s Bar in Yangon, investors talk opportunities over draft
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      Lock icon 1MDB head Arul briefs civil servants in pre-polls meeting in Sungei Besar
      634 21  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur 1MDB president Arul Kanda’s appearance at a state-sponsored event in Sungei Besar on Wednesday ahead of a by-election this Sunday set tongues wagging. He was one of a handful of speakers at
      634 words
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      Lock icon Osborne warns austerity budget unavoidable if Brexit occurs
      780 21  -  By Neil Behrmann btworld@sph.com.sg London UK Chancellor George Osborne has warned that there will have to be an austerity budget if there is Brexit. Using projections of the UK's Institute for Fiscal Studies, Mr Osborne in conjunction with the former opposition Labour
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  • TRANSPORT
    • Article
      Lock icon Virgin Australia welcomes new Chinese stakeholders with cash call
      626 22 Brisbane-based carrier plans to sell new stock at 21 Australian cents apiece for every share already owned BLOOMBERG Sydney VIRGIN Australia Holdings Ltd, backed by five airlines, asked its shareholders for A$852 million (S$853.6 million) in fresh capital, just days after
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    • Article
      Lock icon Uber said to be seeking leveraged loans
      350 22 NYT New York UBER has raised more than US$14 billion using all sorts of creative funding sources. Now it may add something new to the list: the leveraged loan market. The ride-hailing startup is looking to issue as much as US$2 billion in
      NYT  -  350 words
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      Lock icon Future looks bleak for giant container ships
      814 22 Long-term trends in global trade should really worry big boat owners BLOOMBERG New York IN December, the quarter-mile-long Benjamin Franklin became the largest cargo ship ever to dock at a US port. Five more mega-vessels were supposed to follow, creating a trans-Pacif-ic shipping
      BLOOMBERG; PHOTO: AFP  -  814 words
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      Lock icon VW said to be planning merger of components units, looking at asset sale
      606 22 BLOOMBERG London VOLKSWAGEN AG plans to bundle the components businesses of its different brands to save costs and will review disposing of peripheral assets, according to people familiar with the matter, as part of a sweeping strategy
      BLOOMBERG  -  606 words
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      31 22 At what price did your neighbour just sell his home? Sold; 3 months ago UH' Bill -B1 I 28 Bukit Bato LISTED Your Neighbourhood Transactions Be the first to know! SRX.com.sg/property-tracker
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      292 22 Dr Tee will be teaching the powerful methods step by step, how to select strong global giant stocks, waiting to buy at low price and finally selling at high. With actual examples for stocks, properties, forex etc, the Optimism Strategies are applicable for all investment markets. Learn how to buy
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      1007 23 the Business times 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 10
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  • OPINION
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      Lock icon QE policies need a rethink after failure to achieve goals
      608 24 EDITORIAL IT’S what Oscar Wilde once referred to as the kind of relationship that “dare not speak its name” although, in this case, it has nothing to do with sexual proclivities but rather is a way of describing the ever
      608 words
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      Lock icon Brexit camp seems to have the edge – or does it?
      743 24  - Brexit camp seems to have the edge or does it? THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington BREXIT, that is, Britain’s exit from the European Union, is winning. As the June 23 referendum approaches, public opinion has swung toward “Leave the EU”, as opposed
      THE WASHINGTON POST WRITERS GROUP  -  743 words
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      Lock icon One year of aid, but little progress in Nepal
      1132 24  -  Pressure is needed from the international community to impress on the Nepali government to stop its in-fighting and commit to rebuilding the country.BY ASIT K BISWAS AND KRIS HARTLEY country.BY ASIT K BISWAS AND KRIS HARTLEY T Asit K Biswas is
      PHOTO: AFP  -  1,132 words
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      Lock icon CFOs need to keep their house and conscience in order
      865 25  -  COMMENTARY By Reuben Khoo TThe writer is Asean leader, fraud investigation dispute services, at ey. The views in this article are the writer’s only. CFOs today face immense pressures. They need to meet aggressive financial targets in the midst of
      865 words
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      Lock icon Making a low-carbon economy profitable for all
      786 25 COMMENTARY IN December 2015, the international community (125 actors) came together to send one of its strongest signals on climate change. The adoption of the Paris Agreement on climate change showed global commitment to reduce carbon emissions, and curb the rise in global
      786 words
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      Lock icon Who is winning the digital wars in Asia-Pacific?
      1099 25  -  Local and regional companies must boldly harness digital to meet greater ambitions of what it means to be global. BY MANISH BAHL BY MANISH BAHL T The writer is senior director, Center for the Future of Work, at Cognizant. WAVES of new
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  • LIFE & CULTURE
  • Page 26 Miscellaneous
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      291 26 CRYPTIC CROSSWORD Across 1 Collide with front of stationary three-wheeler (6) 4 Make possible arrest to intercept the Spanish Ecstasy (6) 8 American manoeuvres kept secret (2,6) 10 Irritable agent ringing down (6) 11 Thing I encountered upon retirement (4) 12 Views rare broadcast about opener for Lancashire and what’s
      291 words