The Business Times, 18 June 2016

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Microfilm: NL33883
Total Pages: 41
1 32 The Business Times
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      55 1 CHEF DADS KIDS’ MENUS What chef dads are plating up for kids L2-4 STYLE Head over heels L5 TRAVEL Moonscape in Malang L6 PHOTO CREDIT SAINT PIERRE DESIGN Landscape artist Stefano Passeroti L7 GADGETS E3 videogames Expo in Los Angeles L12-13 HOME GARDEN Art of low maintenance L8-9 MOTORING Rollouts
      55 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon CHEF-DADS & KIDS’ MENUS
        2938 2 / 3  - CHEF-DADS KIDS’ MENUS Heading out for a Father’s Day meal doesn’t have to mean a steak for Dad and just fries and nuggets for the kids. BT Weekend talks to chef-dads who believe in healthier menus for their tots because kids are never too young to start eating well By
        PHOTOS: ST PIERRE; PHOTO: BUKO NERO; PHOTOS: BUKO NERO; PHOTOS: OPEN FARM COMMUNITY; PHOTOS: CASSIA  -  2,938 words
    • STYLE
      • Article, Illustration
        Lock icon Head over heels
        1141 5  -  Singapore’s answers to Jimmy Choo are taking a leap of faith, pursuing their craft both here and abroad. By May Yip ARMED with the mantra: “If Jimmy Choo can do it, so can you,” a sketchpad and lots of gumption, a small group of aspiring shoe designers
        1,141 words
    • TRAVEL
      • Article, Illustration
        Lock icon Trek to a moonscape in Malang
        805 6  -  The Bromo-Tengger-Semeru National Park in East Java offers visitors a heady itinerary. By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT NOTHING ventured, nothing gained. Keep that maxim in mind as you hold on for dear life (or the car’s grab-handle) amid the whiplash-induc-ing zigzags of a dusty
        PHOTOS: MSCAIES, ANITA GABRIEL  -  805 words
    • DESIGN
      • Article, Illustration
        Lock icon Happy feet
        916 7  -  Landscape architect Stefano Passerotti enjoys walking barefoot in gardens so as to get a feel of the place. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT IF you spot a Caucasian man with wavy hair in a suit walking barefoot at Gardens by the Bay or
        PHOTOS: JOSEPH NAIR, STUDIO PASSEROTTI  -  916 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon LOW MAINTENANCE
        1218 8 / 9  -  For Winnie Chan and James Quan the top priority in the design of their apartment is that it should be functional and easy to clean. personal space By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT WITH its spick and span appearance, and nary a chair or painting out of
        PHOTOS: YEN MENG JIIN  -  1,218 words
    • WELLNESS
      • Article, Illustration
        Lock icon Minding the body
        1556 10 / 11  -  Wellness retreats, with their well-appointed accommodation and tailored programmes, are catering to a new breed of travellers. By Cheah Ui-Hoon By Cheah Ui-Hoon IN THIS fast-paced, time-stressed world, more people are planning for purposeful holidays using their holiday time not just to unwind but to be rejuvenated
        PHOTOS: THE CHOSEN  -  1,556 words
    • GADGETS
      • Article, Illustration
        Lock icon LET THE GAMES BEGIN
        1693 12 / 13  -  The annual Electronic Entertainment Expo in Los Angeles picks its Top 10 By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Los Angeles THE annual E3 (Electronic Entertainment Expo) video games convention in Los Angeles wrapped this week, offering gamers a closer look at upcoming game titles in development, and
        PHOTOS: ROCKSTEADY, BATTLEFIELD: EA; PHOTOS: SIE BEND STUDIO, INSOMNIAC GAMES; PHOTOS: UBISOFT, RARE, CAPCOM  -  1,693 words
    • MOTORING
      • Article, Illustration
        Lock icon All-wheel fun in the sun
        582 14  -  The Mercedes-AMG C43 4Matic Cabriolet is the second C-Class convertible with an AMG badge. By Samuel Ee samuelee@sph.com.sg IF YOU were like Goldilocks and thought the C63 was too hot, then Mercedes-Benz has something more to your taste the C43. The Mercedes-AMG C43 4Matic Cabriolet
        582 words
      • Article, Illustration
        Lock icon FUNKY CROSSOVER
        533 15  -  The Kia Sportage gets a new look with a new bodyshell. By Samuel Ee samuelee@sph.com.sg WHETHER you think it is distinctive or odd, you have to agree that the styling of the new Kia Sportage has morphed from the familiar to the funky. The Korean manufacturer emphasises the
        533 words
    • GOLF
      • Article, Illustration
        Lock icon Kiwi golf courses offer unique scapes
        1080 16  -  Value-for-money, award-winning courses abound on both North and South Islands. By Justine Moss WITH almost 400 courses spread out over New Zealand’s North and South Islands, there’s no need to travel too far to have a round of golf. The country offers beauty, diversity
        1,080 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      56 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets10-14 Real Estate 15-16 Househunt 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 Dining L2-4 Style L5 T ravel L6 Design L7 Home Garden L8-9
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,763.42 (+11.86) GSTI FUTURES 2,764.00 (+12.00) GSIMSCI 306.47 (+1.29) GSIMSCI FUTURES 306.60 (+1.65) STOCKS Friday Change KL COMP 1,624.18 +9.28 NIKKEI 225 15,599.66 +165.52 HANG SENG 20,169.98 +131.56 SET 1,421.32 +10.13 JAKARTA 4,835.14 +20.75 MANILA 7,622.07 +57.60 KOSPI 1,953.40 +1.41 SHENZHEN B 1,075.60 +5.67 MUMBAI 26,625.91 +100.45 11.45
      136 words
    • Article
      Lock icon Tharman: Enterprise culture needs old-fashioned perseverance
      378 2  -  He says govt has received feedback that the younger generation lacks drive and patience By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE values of old and new must come together in forging Singapore’s push for innovation, even amid signs of less hunger and patience among
      378 words
    • Article
      Lock icon Yen steadies amid ‘weaker’ Brexit threat and hints of currency intervention
      504 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo TOKYO on Friday gave the clearest warning yet that it is ready to intervene in the currency markets if the yen continues climbing aggressively against other currencies ahead of the referendum on whether Britain
      504 words
    • Article
      Lock icon Markets adjust to lower likelihood of Brexit
      364 3  -  A temporary suspension of campaigning on Brexit in the UK lifts the pound BREXIT FEARS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE ongoing suspense over Britain’s future in the European Union (EU) has sent the markets into a surreal real-life re-enact-ment of Monty
      364 words
    • Article, Illustration
      Lock icon UK companies brace for long night to possible Brexit
      981 4 A vote to ‘Leave’ would likely roil currency markets and hit trade, economy, migration BREXIT FEARS Reuters London BRITISH companies are preparing for the possibility that the country will vote to leave the European Union with extra funds, pre-written statements and
      Reuters; PHOTO: AFP; PHOTO: BLOOMBERG  -  981 words
    • Article
      Lock icon Ahead of vote, UK equity funds see second-largest outflows ever
      349 4 BAML says UK equity funds lost US$1.1b in the week to June 15 Reuters London THE scale of withdrawals from UK equity funds was the second highest on record because of uncertainty over the June 23 referendum on Britain’s membership
      Reuters  -  349 words
    • Article, Illustration
      Lock icon Sports sponsorships provide alternative marketing platform for companies
      975 5  -  Companies tether their names to promising athletes and sports growing in popularity By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore THE business of sports sponsorship is very much a two-way street. Athletes get the cost of training and competitions defrayed, and the companies sponsoring
      975 words
    • Article, Illustration
      Lock icon Downturn or not, football’s appeal remains sky-high
      708 6  -  EURO 2016 Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THE economic slowdown clearly isn’t having much of an effect when it comes to football, if the latest numbers coming out of France the host country for Euro 2016 are any indication. According to European football’s
      708 words
    • Article
      Lock icon Tournament director bemoans state of French pitches
      452 6 Reuters Paris UEFA are unhappy about the state of pitches at Euro 2016 in particular, in Marseille, Saint Denis and Lille and are working to improve them as the championship enters its second week, tournament director Martin Kallen said on Friday. With 18
      Reuters  -  452 words
    • Article, Illustration
      Lock icon A father’s business is at home too
      1002 7  -  Just because working dads don’t give voice to their struggles doesn’t mean they don’t exist, or that their problems are less significant CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT FUNNY how Father’s Day isn’t celebrated with as much fanfare as Mother’s Day. It
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      193 3 Si Mimm DIIClMCCd IMlfCCTIMICMT AUSSmiA BUSIMESSTiHVESTMENTflHD VISA CONDITIONS# Australian Migration Agents With 25 years of experience Robert K Chelliah, an expert in Australian Migration policies and procedures is providing a value packed seminar in collaboration with Bruno Delfante from the WA State Government. Provisional State Sponsorship granted to eligible seminar
      193 words
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      117 6 NOTICES Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act CAPITAL CORPORATE TREASURER LTD. (In Voluntary Liquidation) Company No. *****5 NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation.
      117 words
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      15 7 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      393 7 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEETO TAN (PTE.) LTD Company Registration No. *****0550N (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 545 Orchard Road, #04-23, Far East Shopping
      393 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The Zen of management
      2309 8 / 9  -  Eduardo Leite, global chairman of Baker McKenzie, deals with the disruption presented by technology with collectedness and clarity. By Claire Huang By Claire Huang huangjy@sph.com.sg @ClaireHuangB THERE are people in this world who have eclectic tastes and are outwardly animated and passionate about life and things.
      PHOTO: ARTHUR LEE  -  2,309 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Trendlines associate company in talks to be sold for US$16m
      489 10  -  Proposed sale will result in delisting of ETView from Tel Aviv bourse By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CATALIST-listed Trendlines Group said on Friday that its 26.46 per cent-owned associated company ETView Medical could soon be acquired for US$16 million
      489 words
    • Corporate digest
      • Article
        Lock icon Fullerton Health
        76 10 CREDIT rating agency S&P said the S$100 million bonds proposed to be issued by managed healthcare provider Fullerton Health was given an “AA” rating. The bonds comprise a S$50 million tranche due 2021 and a S$50 million tranche due 2023. The guarantor of the bonds is the Credit
        76 words
      • Article
        Lock icon Manulife US Reit
        128 10 CREDIT Suisse (Singapore) has ceased price stabilisation action in relation to the offer- ing of units in Manulife US Real Estate Investment Trust as of Friday. The stabilising manager said on Friday that it has, either as principal or through dealers, bought 15.5 million units to date.
        128 words
    • Article
      Lock icon Secura unit to buy IT wholesaler Red Sentry for S$2.7m
      347 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CATALIST-listed security solutions provider Secura Group has announced a proposed buyout of IT wholesaler Red Sentry Pte Ltd for S$2.7 million in cash. Secura said on Friday that its wholly owned subsidiary Soverus Technology
      347 words
    • Article
      Lock icon Rothschild Wealth Management announces two key appointments in Singapore
      352 10  -  By Tan Effie taneffie@sph.com.sg Singapore ROTHSCHILD Wealth Management has made two key appointments in Singapore. The Paris-based company announced the appointment of Mike Hue and Tang Kai Meng to its Asia business on Friday. They will join as senior client advisers
      352 words
    • Article
      Lock icon Munich Re piques student interest in insurance
      473 11  -  It holds actuarial competition in Beijing, drawing over 650 participants from China, HK, Singapore and Taiwan By J Lossini jlossini@sph.com.sg Singapore INTEREST in the Asian insurance sector is growing among university students alongside demand for actuarial talent, said Munich Reinsurance. The German group,
      473 words
    • Article, Illustration
      Lock icon KLW shares up 14.3% after announcement of CEO stake sale
      187 11 Singapore DOOR maker KLW Holdings gained 0.1 cent, or 14.3 per cent, to S$0.008, after announcing that CEO and controlling shareholder Quek Chek Lan will sell his entire stake in KLW to Sunny Wealth Ltd. M r Q ue k
      Source: Bloomberg  -  187 words
    • Article
      Lock icon New Frasers Reit over six times subscribed
      360 11  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AUSTRALIAN industrial property play Frasers Logistics Industrial Trust (FLT) will make its mark as the hottest major initial public offering (IPO) in town this year. The offering, which closed on Thursday, was over six times subscribed, drawing
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    • Article
      Lock icon HK proposes two new listings committees to oversee IPOs
      382 11 Bloomberg Hong Kong HONG Kong’s financial regulator and the operator of the city’s stock exchange have proposed the creation of two new listings committees that they said would enhance supervision of the market. The Securities and Futures Commission and Hong Kong
      Bloomberg  -  382 words
    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 236 +6 236/230 253 209 6.5 6224.1 CapitaCom Trust 140.5 +1.5 140.5/138.5 157.5 122.5 6.1 4153.7 CapitaLand 299 +3 300/297 358 267 12 3 ***** CapitaMall Trust 205 +3 205/202 224 184.5
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 281 +2 296 282/279 343/254 280/281 IS Asia BND US US1067 +1 49 1073/1066 1096/1010 1060/1082 IS ASIA HYG US$ US1067 +13 45 1067/1055 1130/977 1055/--DBXT MSINDO us$ US1256 +2 29 1310/1256 1352/911 1242/--DBXT
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      797 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 13 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Aspial Corporation 16-Jun-16 Koh Wee Seng Buy 200 0.27 *****0 18.47 *****0 18.48 SinoCloud Group 16-Jun-16 Lam
      797 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 3 1 0 0 6 6 3 Manufacturing 33 48 21 5 9 9 38 57 30 Commerce 15 12 20 3 3 7 18 15 27 Tpt/Stor/Comms 13 10 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,788 255 17,043 52,333 46 52,379 Manufacturing 78,936 96,642 175,578 90,112 1,003 91,115 Commerce 38,158 187,848 226,006 122,611 1,758 124,369 Tpt/Stor/Comms 122,254 1,790 124,044 160,558 156 160,714 Finance 28,483 225 28,708 179,525 26 179,551 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jun 17 VALUE CLOSE BT OB/OS -385.00 -69.00 BT CADI -*****.00 -56.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 660.95 -0.69 FTSE ST Small Cap 381.83 -4.35 FTSE ST All Share 675.00 +1.88 FTSE ST China Top 158.24 +1.15 FTSE ST China 187.36 +1.98 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOLCLOSE($) CHANGE Sitra 102,483.1 0.013 +0.001 +8.33 WE 28,500.0 0.004 -0.001 -20.00 Fabchem China 19.0 0.173 -0.005 -2.81 Plato Capital 6.0 0.072 -0.043 -37.39 Asia Fashion 16.0 0.131 -0.019 -12.67 Hong Leong Fin 365.2 2.150 -0.130 -5.70 Wee Hur 2,178.6 0.250 -0.010 -3.85 King Wan 420.0 0.170 -0.019
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    • Article
      Lock icon COMMODITY FUTURES
      192 13 Jun-16 Price Net change change Last Trade Agricultural Jun-16 CBOT Soybeans (US cents/bu) 1134.50 -21.50 -1.86% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.16 -0.80 -2.50% 14/07/2016 CBOT Wheat (US cents/bu) 472.50 -5.00 -1.05% 14/07/2016 Jun-16 LIFFE Cocoa (£/tonne) 2296.00 -29.00 -1.25% 14/07/2016 LIFFE Coffee (US$/tonne) 1613.00 2.00 0.12%
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    • Article
      Lock icon PALM OIL
      57 13 Jun 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 16 2439.0 2485.0 2488.0 2439.0 777 9257 Aug 16 2419.0 2462.0 2470.0 2419.0 9897 ***** Sep 16 2411.0 2450.0 2458.0 2411.0 ***** ***** Oct 16 2399.0 2441.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Jun 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.09 5-Year NX*****X 2.250 01-Jun-21 103.2 103.45 103.10 10-Year NX*****F 2.125 01-Jun-26 100.3 101.00 100.00 15-Year NZ*****F 2.875 01-Sep-30 105.98 106.15 105.85 20-Year NZ*****V 3.375 01-Sep-33 112.87 113.38 112.65
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jun 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9975 0.9977 0.7387 0.7388 Canadian dollar 1.0445 1.0450 0.7738 0.7735 Euro 1.5188 1.5196 1.1248 1.1252 NZ dollar 0.9522 0.9526 0.7052 0.7054 Sterling pound 1.9273 1.9281 1.4273 1.4277
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    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      209 13 Most active Jun 17 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 1.5 unch ***** 1 1 1.67 54 DBS MB eCW*****1 9.3 unch 7540 0.1 1620 4 FTSEChinaA50 9000 MBePW*****0 9.4 -0.4 4720 0.0 2
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Jun 16 Index Change Change Change Change Change Change World Preliminary 1224.3 -0.8 -4.2 -0.9 -7.1 -0.9 -2.6 EAFE Preliminary 892.5 -1.1 -11.9 -1.4 -12.8 -1.3 -8.6 Europe Preliminary 1270.2 -0.6 -10.1
      377 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article, Illustration
      Lock icon Potential Brexit rains on local sentiment
      563 14  -  STOCKS Melissa Tan melissat@sph.com.sg @MelissaTanBT Correspondent OVERCAST and dampened, the local stock market seemed to be taking its cues from typical English weather over the past week as worries over Britain potentially voting to leave the European Union (EU) rained on sentiments for most
      563 words
    • Article
      Lock icon Gold most active ETF in early June
      506 14  -  By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore GOLD was the most active ex-change-traded fund (ETF) in the first two weeks of June, reflecting investor risk aversion following the US Federal Open Market Committee’s (FOMC) dovish comments and ahead of the contentious Brexit referendum. According
      506 words
    • Article
      Lock icon GAINERS
      74 14 BY CENTS CLOSE UP 52w high/low DBXT iBoxxSing SG$ ***** 189.0 1.4 *****/***** JMH USD 5536 48.6 0.7 6103/4500 DBXT China50 US$ 2713 44.6 1.2 3942/2355 JSH USD 2925 32.4 0.8 3300/2524 DBXT MSKorea US$ 5191 29.7 0.4 5677/4478 BY PERCENTAGE CLOSE UP 52w high/low SinoCloud 0.3 50.0 0.1
      74 words
    • Article
      Lock icon LOSERS
      74 14 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -291.7 -1.7 *****/***** Great Eastern 2009 -91.0 -4.3 2496/1870 Bukit Sembawang 445 -15.0 -3.3 541/406 Jardine C&C 3230 -14.0 -0.4 4520/2636 Hong Leong Fin 215 -13.0 -5.7 265/208 BY PERCENTAGE CLOSE DOWN 52w high/low Memstar Tech 0.1 -50.0 -0.1 2.1/0.1
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    • Article
      Lock icon MOST ACTIVE
      33 14 VOLUME Sitra 102,483,100 Addvalue Tech 59,724,700 Annica 53,727,200 LifeBrandz 40,369,200 Ezra 36,610,500 Market volume 1,344,800,000 VALUE CityDev 145,380,203 DBS Grp 77,589,372 JMH USD 77,124,522 Singtel 59,225,340 UOB 42,738,656 Market value 1,135,254,000
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Unregulated home lending takes toll in HK
      1198 15 Non-bank finance companies see increase in delinquent loans and foreclosures are also now picking up value.Reuters Hong Kong HOME foreclosures in Hong Kong have been rising and are likely to pick up pace as more owners default on high-interest loans from unregulated lenders
      value.Reuters; PHOTO: BLOOMBERG  -  1,198 words
    • Article
      Lock icon Househunt
      1184 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 4 AND MAY 10, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 16 LANDED Jln Angin Laut 2-Sd 04/05/2016 FH 3821 3800 994 Jln Chempaka Kuning 2-Ter 09/05/2016 70 3694
      1,184 words
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  • BANKING & FINANCE
    • Article
      Lock icon China’s PSBC may file for US$8b IPO
      413 17 The Hong Kong listing of the bank could be the world’s biggest this year Reuters Hong Kong CHINA’S Postal Savings Bank, the nation’s biggest lender by number of branches, may file for a Hong Kong IPO worth up to US$8 billion next week,
      Reuters  -  413 words
    • Article, Illustration
      Lock icon Barclays labels US$1b lawsuit over 2008 fundraising ‘misconceived’
      576 17 Bank denies dishonesty and recklessness, calls PCP’s charge ‘flawed and speculative’ Reuters London BARCLAYS has described as “fundamentally misconceived” a US$1 billion-plus lawsuit brought by British financier Amanda Staveley over the bank’s emergency fundraising from Gulf investors at the height of the
      Reuters; PHOTO: REUTERS  -  576 words
    • Article
      Lock icon 1MDB plans ‘robust response’ in debt row
      248 17 AFP Kuala Lumpur TROUBLED Malaysian state investment vehicle 1MDB said on Friday that it plans a “robust response” to an Abu Dhabi sovereign wealth fund’s move to seek US$6.5 billion via international arbitration of a debt dispute. The Abu Dhabi fund, International Petroleum
      AFP  -  248 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Global oil majors Chevron, Shell look to shed small refineries
      628 18 They aim to trim lower-margin assets in the face of headwinds from rising crude prices Reuters New York GLOBAL oil majors Chevron Corp and Royal Dutch Shell plc are putting small refineries on the auction block as they look to
      Reuters; PHOTO: REUTERS  -  628 words
    • Article
      Lock icon Japan doubles down on coal power
      626 18 But trading houses are cutting or freezing investments in the dirtiest fossil fuel Reuters.Reuters Tokyo AS most developed economies turn their back on coal, Japan is burning record amounts for electricity generation and plans to use even more of the dirtiest fossil fuel to
      Reuters.Reuters  -  626 words
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  • TECHNOLOGY
    • Article
      Lock icon Rich US high-tech firms may be blunting innovation: OECD
      396 19 Buyouts ‘tend to sideline strong-performing young firms challenging incumbents’ Bloomberg Washington IT’S practically an article of faith in Silicon Valley: high-tech companies are an unalloyed good for the US economy, generating the innovation that is critical to its long-term success. That’s
      Bloomberg  -  396 words
    • Article, Illustration
      Lock icon E3 show heralds social, virtual future for video games
      543 19 AFP Los Angeles AS the Electronic Entertainment Expo (E3) video game gathering wrapped on Thursday, it was easy to envision a future of social play in virtual worlds with celebrity gamers broadcasting action. While blockbuster titles tailored for consoles or personal
      AFP; PHOTO: BLOOMBERG  -  543 words
    • Article
      Lock icon Salesforce said to have been also keen on Linked In
      339 19 Bloomberg San Francisco SALESFORCE.COM Inc was a rival potential bidder for LinkedIn Corp in the process leading up to the professional networking website’s acquisition by Microsoft Corp, according to sources familiar with the matter. Salesforce was advised by Goldman Sachs
      Bloomberg  -  339 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Disney faces PR crisis, risk of legal action after alligator attack
      726 20 Lawyers agree the company would have a strong impetus to quickly settle any case Reuters New York JUNE was supposed to have been a triumphant month for Walt Disney Co theme parks, with the flashy opening of a long-planned
      Reuters; PHOTO: AFP  -  726 words
    • Article
      Lock icon Revlon to buy peer Elizabeth Arden for US$419m
      528 20 Cosmetics giant bets that the merger can reinvigorate both companies’ brands Bloomberg New York REVLON Inc will acquire Elizabeth Arden Inc for about US$419 million, a wager that uniting two ageing cosmetics giants can reinvigorate both companies’ brands. The US$14-a-share deal values
      Bloomberg  -  528 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Business chiefs urge long-term Africa view as growth dips
      567 22 Slowdown in many African nations and other emerging markets seen to be temporary Bloomberg Cape Town CHRISTO Wiese has some advice for companies looking to tap the spending power of Africa’s 1.2 billion consumers: Stick around and have deep pockets. “Over
      Bloomberg; PHOTO: AFP  -  567 words
    • Article
      Lock icon Philadelphia hits soft-drink industry with historic tax
      853 22 Bloomberg New York THE City of Brotherly Love is straining its relationship with Big Soda. Philadelphia on Thursday became the first major US city to pass a tax on soft drinks, dealing a significant blow to an industry increasingly facing a consumer backlash
      Bloomberg  -  853 words
    • Article, Illustration
      Lock icon Crooks target US retailers slow to adopt chip cards
      722 23 Counterfeit-card fraud seen rising to US$4.5 billion in 2016 WP Washington THE slow transition to chip credit cards by US retailers hasn’t gone unnoticed by criminals. Counterfeit-card fraud will rise to US$4.5 billion in 2016, up 12.5 per cent from last
      WP; PHOTO: REUTERS  -  722 words
    • Article
      Lock icon Bid to get a China-backed Asia trade pact in 2016 seen failing
      419 23 Reuters Wellington A RAFT of thorny issues including market access and trade barriers makes it very unlikely 16 Asia-Pacific countries can hammer out a proposed economic “partnership” by the end of this year. The week-long 13th round of
      Reuters  -  419 words
    • Article
      Lock icon The only certainty for the world’s central bankers is uncertainty
      685 24 Policymakers at a loss about what to do with struggling global economy, distorted markets Bloomberg Washington FROM the immediate possibility of Britain leaving the European Union to the longer-term consequences of ageing populations, the world’s major central banks this week
      Bloomberg  -  685 words
    • Article, Illustration
      Lock icon Brexit vote could bring Cameron’s govt crashing down
      957 24 WP London BRITISH Prime Minister David Cameron’s high-stakes decision to let the British public decide whether or not the country stays in the European Union looks increasingly like a bad bet, with his party veering into civil war, the polls pointing towards
      WP  -  957 words
    • Article, Illustration
      Lock icon Japan risks its very own Brady moment amid negative rates
      444 25 Subordinated loans, even the short-term kind, tend to be a good barometer of financial excess Bloomberg Singapore IN the 1970s, banks in the US and Europe thought they had found a great way to make money amid falling interest rates:
      Bloomberg; PHOTO: REUTERS  -  444 words
    • Article, Illustration
      Lock icon Ireland, Apple brace for the worst as tax endgame nears
      687 25 Bloomberg Dublin WHILE Europe and global financial markets are consumed by the prospect of Brexit, business rolls on in Brussels. Near the top of the agenda for investors continues to be the European Commission’s probe into Apple Inc’s tax arrangements
      Bloomberg; PHOTO: BLOOMBERG  -  687 words
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      47 23 HOT PROPERTY BRAND NEW GCB off Holland. *****/ ***** sf. Modern Park 5 cars. 5 bdrms all ensuites. Pte lift. RESORT LIVING!! GCB Ewart Park. *****/ ***** sf. View to appreciate. LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
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  • OPINION
    • Article, Illustration
      Lock icon ‘It’s politics, stupid’ for the US Fed
      1224 26 / 27  -  Uncertainty over Brexit and Trump adds to concerns over a sluggish US economy and raises doubts about the timing of interest rate hikes. By Leon Hadar By Leon Hadar Government officials led by the president and lawmakers in Washington, including the heads of
      PHOTOS: BLOOMBERG, REUTERS  -  1,224 words
    • Article, Illustration
      Lock icon Short forms for the long haul
      649 26 / 27  -  By Loh Eng Kiat ~The writer is a tax partner at Baker Tilly TFW LLP. LAST month, a letter by Prime Minister Lee Hsien Loong’s press secretary was published in The New York Times, rebutting a Singaporean literary critic’s earlier opinion piece in the
      PHOTO: AFP  -  649 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon How Aussie unis edge out Ivy League
        896 28 / 29  -  Australia offers quality higher education at a lower cost, and graduates can stay up to four years after getting their degrees. By Abby Schultz By Abby Schultz Barron’s Asia STUDENTS of Asia: Australia wants you. An Aussie government plan to boost the already
        Barron’s Asia; PHOTO: REUTERS; Source: Deloitte Access Economics  -  896 words
      • BROKER'S TAKE
        • Article
          Lock icon CapitaLand Retail China Trust Hold
          167 28 / 29 Close: S$1.48 Fair value: S$1.43 OCBC Investment Research, June 17 According to Savills, retail sales in Beijing increased 1 per cent year on year for the first two months of 2016 while mall occupancy rates decreased 0.3 percentage point to 94.5 per cent city-wide by
          167 words
        • Article
          Lock icon Hospitality Reits
          173 28 / 29 UOB Kay Hian Research, June 17 The hospitality market had much to cheer about in the month; with overall revenue per available room figures expanding by about 4 per cent year on year. Our channel checks reveal that April’s performance is unlikely to be indicative of Q2 2016’s
          173 words
        • Article
          Lock icon 800 Super Holdings Non rated
          325 28 / 29  -  Compiled by Cai Haoxiang Close: S$0.685 CIMB Research, June 16 800 Super operates in an oligopolistic industry dominated by 4 players with low risk of new entrants. Its business seems to be recession-proof, as waste disposal is a non-cyclical essential service. The waste collection industry
          325 words
      • Article, Illustration
        Lock icon Asia seen at turning point in currency rally
        937 30 Every currency in the region will weaken by year end, according to Bloomberg poll Bloomberg Singapore THE rally in Asian currencies from January’s seven-year low hasn’t convinced strategists that this newfound strength can last. Every currency in the region will weaken by
        Bloomberg; PHOTOS: BLOOMBERG  -  937 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Gunning for glory at 24 Hours Le Mans
      801 31 Sportscar makers’ obsession with this 93-year-old race in rural France stems from pride and profit Bloomberg New York THE 24 Hours of Le Mans started in 1923 in a tiny town in the French countryside 130 miles (209 km) from Paris. The
      Bloomberg; PHOTO: AFP  -  801 words
    • Article
      Lock icon Keeping odd hours across China’s single time zone
      332 31 NYT New York SOME days, the sun does not come up until 10am or later. People eat lunch after 2pm, or even after 4pm if they are not in a rush. The school day stretches so late that children cannot get home
      NYT  -  332 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      308 31 CRYPTIC CROSSWORD Across 7 Solitary sailor with parrot capsized in unending ocean (8) 9 University fellow accepting reading perhaps is critical (6) 10 Face expressed relief for the audience (4) 11 Rash? It’s nice and red, sadly (10) 12 Goddess caught in passion by sweetheart (6) 14 Best spot for
      308 words
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      110 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 BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      110 words