The Business Times, 15 July 2016

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Microfilm: NL33909
Total Pages: 31
1 32 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 Friday, July 15, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    135 1 Advance estimates of Singapore’s economic growth in the second quarter of the year are encouraging at 2.2 per cent. TOP STORIES 2 UBS Group has been drawn into Malaysia’s 1Malaysia Development Bhd scandal and Singapore’s ongoing money-laundering probe into the case. TOP STORIES 4 The Chinese government probably
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  • Article
    Lock icon MARKETS
    26 1 Thursday Change STI 2,906.92 -3.73 KL Comp 1,654.78 -5.61 NIKKEI 225 16,385.89 +154.46 Hang Seng 21,561.06 +238.69 Shenzhen B 1,132.39 +1.76 DOW(10.15am EDT) 18,523.71 +151.59
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  • Article, Illustration
    Lock icon SGX shuts market, reopening questions about bourse’s reputation
    749 1  -  Technical glitch generates duplicate trade-confirmation messages; market was to have re-opened at 2pm, then 4pm, and then not at all for the day By Kenneth Lim kenlim@sph.com.sg @kennethLimBT Singapore A TECHNICAL glitch prompted the Singapore Exchange (SGX) to suspend one of its
    PHOTO: YEN MENG JIIN  -  749 words
  • Article
    Lock icon SingPost’s postal service a ‘burning platform subject to disruption’
    707 1  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A FRACTURED relationship between the board and management of Singapore Post contributed to last year’s shock resignation of its former chief executive officer Wolfgang Baier, the group’s newly elected chairman Simon Israel openly acknowledged at
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      68 1 8 "887 1 8 1 *****1 TIIE BUSINESS TIMES Musicals and operas to look forward to BT LIFESTYLE 32 Tradition Chronographe Independant 7077 3 0“ c a v\ o few T S Depuis 1775 SINCERE E ST D 1954 SINCERE FINE WATCHES Takashimaya S.C. Ngee Ann City +65 6733 0618
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      24 1 SURPRISE FOR MARKETS Bank of England holds rates steady TOP STORIES 2 UOB RED-FACED unshredded client data found in garbage bag companies markets /10
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      12 1 MAHATHIR MOHAMAD Former Malaysia prime minster to launch new party GOVERNMENT ECONOMY/19
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  • TOP STORIES
    • Article
      Lock icon External factors create uncertainty for S’pore’s H2
      873 2  -  MTI’s advance estimate of 2.2 per cent growth in Q2 aligns with analysts’ expectations By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore ADVANCE estimates of Singapore’s economic growth in the second quarter of the year proved to be slightly encouraging. The estimates released by the
      873 words
    • Article, Illustration
      Lock icon UK’s status as active global player unchanged, says British envoy
      652 2  -  POST-BREXIT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE swifter-than-expected transfer of power that resulted in Theresa May succeeding David Cameron as Britain’s prime minister on Wednesday has brought an end to the brief period of political instability in the country,
      PHOTO: KEVIN LIM / THE STRAITS TIMES  -  652 words
    • Article, Illustration
      Lock icon BOE surprises markets by holding rates, signals August loosening
      644 2 REUTERS London THE Bank of England kept interest rates unchanged on Thursday, wrong-footing many investors who had expected the first cut in more than seven years with Britain’s economy reeling from last month’s vote to leave the European Union. The BOE
      REUTERS; PHOTO: AFP  -  644 words
    • Article, Illustration
      Lock icon May’s brilliant Cabinet transformation will boost Brexit chances
      778 2  -  By Neil Behrmann btworld@sph.com.sg London IN a series of lightening, brilliant moves, Theresa May has transformed her Cabinet to boost Britain’s “Brexit” chances. Both sterling and the stock market responded well to the first decisions of the UK’s second woman prime minister.
      PHOTO: AFP  -  778 words
    • Article, Illustration
      Lock icon Luxury condo deals double in first half
      1177 3  -  Transactions of S$10m and above put up best showing since H2 2013; actual total may be even higher By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CONDO transactions of S$10 million and above in the January-June period are up sharply from a year ago, marking
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    • Article
      Lock icon World’s top private bank dragged into 1MDB probe
      686 4  -  Sources say UBS is only one of several financial institutions whose client bank accounts have been scrutinised by mas By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore UBS Group, the world’s largest private bank, has been drawn into Malaysia’s 1 Malaysia Development Bhd (1MDB)
      686 words
    • Article
      Lock icon Programme launched to re-tool PMETs for new jobs in energy management
      482 4  -  CONTINUING EDUCATION By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore A SCHEME to re-train mid-career professionals, managers, executives and technicians (PMETs) has been extended to the energy-management sector. The Professional Conversion Programme (PCP), part of the “Adapt and Grow” initiative introduced
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    • Article
      Lock icon PSB Academy starts work on S$15m city campus
      336 4  -  By Choo Yun Ting yuntingc@sph.com.sg Singapore PRIVATE education institution PSB Academy announced plans for a new S$15 million campus at Marina Square at its groundbreaking ceremony on Thursday. Dubbed “Future Academy”, it will occupy over 100,000 square feet across two floors within
      336 words
    • Article
      Lock icon Jurong Aromatics restarts plant after 18 months
      429 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore JURONG Aromatics Corp (JAC) restarted operations this week, after leaving its plant idle for one-and-a-half years. The company on Wednesday started processing condensate a type of very light crude oil and is offering light naphtha cargoes for
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      173 3 Luxury and performance of the highest standard. The car that embodies the art of progress, in beautifully expressed visual form. Lavish spaciousness and exquisite ambience, combined with cLass-leading technologies such as Audi Matrix LED headlights and TFSI engines. The only car in its class with quattro permanent allwheel drive, for
      173 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Temasek faces structural challenges
      783 5  -  HOCK LOCK SIEW BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT TEMASEK Holdings’ struggle to meet its own targets raises the risk that it may have to cut its growth expectations or take on more risk to try and catch up. On July 7, the Singapore investment company reported
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    • Article
      Lock icon First Reit’s Q2 DPU edges up on Kupang acquisition
      537 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BOOSTED by contributions from an acquisition in Indonesia, First Real Estate Investment Trust’s distribution per unit (DPU) for the second quarter ended June 30 edged up 1.9 per cent to 2.11 Singapore cents. The Kupang
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    • Article
      Lock icon Keppel O&M unit delivers rig to Central Panuco
      334 5  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore KEPPEL AmFELS, a wholly owned US subsidiary of Keppel Offshore Marine, has delivered a KFELS B class jackup rig to Mexico’s Central Panuco SA De CV. Uxpanapa is the the fifth jackup rig built by Keppel
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    • Article
      Lock icon Swiber frontrunner in race for Indonesian contract
      459 6  -  US$117.8m bid for EPCI work tied to Phase 2 of a gas project in East Java understood to be the most competitive By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Indonesian unit of Singapore-list-ed Swiber Holdings is said to have emerged the frontrunner
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    • Article, Illustration
      Lock icon Demographics causing demand woes: Krugman
      407 6  -  BONDS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS bond yields around the world go lower, Nobel Prize-winning US economist Paul Krugman sees no end in sight. “It’s very hard to see, there’s nothing on the horizon that will lead to strong demand,” he told the
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    • Article
      Lock icon Kangaroo bonds’ issuance surges amid record-low yields
      459 6 REUTERS Bengaluru, India GLOBAL investors are fuelling a surge in Kangaroo bond issuance, turning to Australia in search of an alternative to record-low yields especially after the shock of Britain’s vote to leave the European Union. Kangaroo bond issuance of US$7.2 billion in
      REUTERS  -  459 words
    • Article
      Lock icon Japanese zoom in on overseas bonds as local yields dive
      566 6 BLOOMBERG Singapore JAPANESE investors purchased the most overseas bonds ever last week as local yields plunged to uncharted levels below zero, helping drive a record-setting rally in US Treasuries. Fund managers in Japan scooped up a net 2.55 trillion yen
      BLOOMBERG  -  566 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index July 14,2016 2,906.92 -3.73 (-0.13%) Current streak 1 day Day high 2,913.65 Day low 2,903.17 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 14,2016 462.90 +3.93 (+0.86%) Current streak 1 day Day high 464.16 Day low
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    • Article, Illustration
      Lock icon SGX trading cut short by computer glitch
      636 8  -  Just 539m units worth S$335m about one-third recent averages traded; STI down 3.73 points STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A LENGTHY trading suspension from 11.38am until the end of the day, caused by a computer glitch, provided the main talking point in
      Source: Bloomberg  -  636 words
    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 -2 246/242 253 209 6.3 6408.7 CapitaCom Trust 154 unch 155.5/154 156.5 122.5 5.6 4552.8 CapitaLand 305 -2 309/305 350 267 12.2 3 *****.5 CapitaMall Trust 217 +1 218/215 225 184.5
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Annica 85,806,100 Noble R 55,918,400 Noble 49,405,200 Ezion R 32,421,100 Resources Prima 31,963,700 Market volume 715,395,000 VALUE Singtel 53,092,811 DBS Grp 29,916,312 Ascendas Reit 20,453,250 OCBC Bank 12,966,661 UOB 11,227,682 Market value 345,318,000
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    • Article
      Lock icon SGX ETFs Most Active
      108 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 295 231 296/295 343/254 295/295 IS MS INDIA US$ US717 35 717/715 780/575 716/717 89.6 Nikko AM STI ETF 297 +1 13 298/295 344/259 297/297 7.2 UETF SSE50China 192 -1 7 193/192 283/181 191/192
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 14 VALUE CLOSE BT OB/OS 211.00 -125.00 BT CADI -*****.00 -24.00 BT 10-day MA -*****.00 +21.00 FTSE ST Mid Cap 689.31 -1.39 FTSE ST Small Cap 392.70 +0.06 FTSE ST All Share 707.22 -1.45 FTSE ST China Top 161.75 -0.48 FTSE ST China 190.50 -0.30 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share ftse ST All-Share index July 14,2016 707.22 -1.45 (-0.20%) Current streak 1 day Day high 708.88 Day low 706.52 52-week high 806.37 (July 20,2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index July 13,2016 1,645.85 +8.98 (+0.55%) Current streak 5 days Day high 1,650.85 Day low 1,638.58 52-week high 1,894.42 (July 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 3 0 0 1 5 6 4 Manufacturing 27 20 21 4 4 8 31 24 29 Commerce 13 16 10 2 2 6 15 18 16 Tpt/Stor/Comms 7 9 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 6,020 160 6,180 18,547 31 18,577 Manufacturing 22,953 98,677 121,630 25,119 379 25,498 Commerce 117,936 31,992 149,928 28,921 639 29,560 Tpt/Stor/Comms 41,568 5,779 47,347 80,493 585 81,078 Finance 6,561 289 6,850 57,995 41 58,036 Construction
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 8 VOL CLOSE($) CHANGE CPH 400.0 0.005 +0.001 +25.00 Tiong Woon 552.3 0.240 +0.015 +6.67 Resources Prima 31,963.7 0.054 +0.009 +20.00 New Wave 900.2 0.008 +0.001 +14.29 AsiaPhos 1,769.7 0.105 +0.003 +2.94 Hafary 142.5 0.190 +0.010 +5.56 Geo Energy Res 7,697.0 0.133 +0.011 +9.02 M Development 1,300.0 0.002 -0.001
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low DBXT Vietnam US$ 2533 45.8 1.4 2786/2017 DBXT MSTaiwan US$ 2128 31.0 1.1 2171/1667 Hyflux 6% CPS ***** 20.0 0.2 *****/***** JSH USD 3002 17.5 0.4 3300/2524 IS ASIA HYG S$D 1475 13.0 0.9 1499/1407 BY PERCENTAGE CLOSE UP 52w high/low Polaris 0.5
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5762 -142.7 -1.8 6103/4500 GLD US$ ***** -28.3 -0.2 *****/***** Jardine C&C 3679 -16.0 -0.4 4520/2636 DBXT CSI300 US$ 803 -10.8 -1.0 1194/700 CityDev 845 -8.0 -0.9 997/661 BY PERCENTAGE CLOSE DOWN 52w high/low M Development 0.2 -33.3 -0.1 1/0.2 SHS
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    • BROKERS’ TAKE
      • Article
        Lock icon Soilbuild Business Space Reit | Accumulate
        132 8 Soilbuild Business Space Reit Accumulate July 14 close: S$0.705 Target price: S$0.790 Phillip Securities Research, July 14 GROSS rental income (GRI) for Q2 2016 missed our expectations by 5 per cent, while distribution per unit was in line. Three renewals were done at 5.7 per cent negative rental reversions; and
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      • Article
        Lock icon Industrial Reits
        261 8  -  Compiled by Cai Haoxiang DBS Group Research, July 12 THE latest built-to-suit property along 1160 and 1200 Depot Road anchored by Hewlett-Packard (HP) is expected to be a major industry shaker when it completes in end-2016/H1 2017. Committing close to 20 years for the new building, we believe
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    • Article
      Lock icon CALENDAR
      18 8 DATA I July 15 Singapore retail sales index IJuly 15 China GDP IJuly 15 China industrial production
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    • Article
      Lock icon Yen hit again as bullish spell continues for global stocks
      437 9 CURRENCIES REUTERS London THE yen sank across the board on Thursday as the upbeat mood on global stock markets stretched into a sixth day and media reports stoked speculation that the Bank of Japan (BOJ) could take steps to fund
      REUTERS  -  437 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jul 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 5.106 0.688 5.920 51.075 99.902 0.806 8.686 3.009 1.056 80.016 35.926 1.028 10.963 0.750 24.430 26.772 0.577 0.763 Canada 1.012 5.169
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jul 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0273 1.0286 0.7632 0.7636 Canadian dollar 1.0399 1.0412 0.7730 0.7726 Euro 1.4939 1.4954 1.1099 1.1102 NZ dollar 0.9725 0.9737 0.7225 0.7229 Sterling pound 1.7805 1.7826 1.3228 1.3234
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jul 14 S$ Bid Offer 1-month 1.3460 1.3472 2-months 1.3462 1.3474 3-months 1.3465 1.3478 6-months 1.3472 1.3485 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        204 9 Jul 14 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MBeCW*****4 7.8 -0.1 2343 0.1 820 3 DBS MB ePW*****3 5.2 0.1 1410 0.1 1500 3 DBS MB eCW*****1 8.7 -0.2 1298 0.1 1620 3
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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 Jul 13 Index Change Change Change Change Change Change World Preliminary 1284.7 -0.1 0.5 0.0 -3.4 0.1 1.7 EAFE Preliminary 948.4 0.3 -6.4 0.5 -8.9 0.5 -4.1 Europe Preliminary 1359.0 -0.1 -3.8
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        405 9 Jul 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9617.50 9627.50 9520.00 9577.50 *****8 *****6 Aug16 9610.00 9610.00 9520.00 9572.50 1883 ***** NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec16 *****.00 *****.00 *****.00 *****.00 4 5944 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jul 14 $S Offer Bid 0vernight 0.03 Par 1-month 0.6875 0.5625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.05 US$ Offer Bid 7 days 0.52 0.42 1 month 0.55 0.45 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 0.95 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Jul 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.27 5-Year NX*****X 2.250 01-Jun-21 104.24 104.40 104.20 10-Year NX*****F 2.125 01-Jun-26 103.48 103.90 103.50 15-Year NZ*****F 2.875 01-Sep-30 110.3 110.80 110.48 20-Year NZ*****V 3.375 01-Sep-33 118.01 118.60 118.00
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jul-13 Price Net change change Last Trade Agricultural Jul-13 CBOT Soybeans (US cents/bu) 1128.00 20.75 1.87% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.65 -0.06 -0.20% 14/07/2016 CBOT Wheat (US cents/bu) 426.25 2.25 0.53% 14/07/2016 Jul-13 LIFFE Cocoa (£/tonne) 2577.00 32.00 1.26% 14/07/2016 LIFFE Coffee (US$/tonne) 1810.00 3.00 0.17%
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    • Article
      Lock icon Unshredded UOB clients’ data found in garbage bag
      527 10  -  Bank says it takes a serious view of any breach of customer confidentiality but provides no findings of probe By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ONE MAN'S trash is another man’s personal data. Found under a tree at Boat Quay last month
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    • Article
      Lock icon Quantedge hedge fund up 12% in June as bonds surge
      584 10 BLOOMBERG Singapore QUANTEDGE Global Fund gained 12 per cent in June to return almost three times as much as global peers, as bond holdings gained amid the market dislocation that followed the unexpected UK decision to leave the European Union.
      BLOOMBERG  -  584 words
    • Article, Illustration
      Lock icon China regulators cracking down on gains from reverse mergers
      1172 10 BLOOMBERG Hong Kong ONE of China’s most unusual, and lucrative, investment strategies is coming under fire as poli-cy-makers crack down on a stock-market anomaly that they helped create. The strategy’s simplicity and effectiveness in exploiting the unintended consequences of state meddling
      BLOOMBERG; PHOTO: AFP  -  1,172 words
    • Article, Illustration
      Lock icon Credit-smart SMEs improve average debt settlement time
      505 10  -  By huangjy@sph.com.sg Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE’S small and medium enterprises (SMEs) have become more “credit” smart with a growing number tightening their terms and conducting more due diligence before extending credit to their clients. This has helped with the average time
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    • CORPORATE DIGEST
      • Article
        Lock icon CMC Infocomm
        59 10 CATALIST-LISTED CMC Infocomm said on Thursday it has secured new contracts worth S$3.8 million for cellular network engineering and maintenance projects with leading mobile operators in the region. In a filing to Singapore Exchange, the regional integrated and innovative communications solutions and services provider said the projects are
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      • Article
        Lock icon China Everbright Water
        82 10 MAINBOARD-LISTED China Everbright water on Thursday announced it has secured the Ju County Shudong Waste Water Treatment Project in Rizhao City, Shandong, China. The total investment of the project is approximately 50 million yuan (S$10 million). The project will treat municipal waste water from Shudong New Urban
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      • Article
        Lock icon Singapore Myanmar Investco
        69 10 MAINBOARD-LISTED Singapore Myanmar Investco (SMI) on Thursday announced it has entered into a licensing agreement with Chikaranomoto Holdings Co to operate and manage Ippudo ramen restaurants in Myanmar. Under the agreement, Chikaranomoto will provide training programmes and support to SMI to facilitate the setting up and operation
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    • Article
      Lock icon SGX MAINBOARD
      1621 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 151 127 AIMSAMP Cap Reit 143.5 unch 0 144 143.5 0.9 7.9 913.3 LOW Div 169.8 101 ARA Asset Mgmt 136 unch 33 136
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    • Article
      Lock icon SGX CATALIST
      290 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 44.5 32.5 t Advancer Global 35.5 -2.5 1879 38 35 14.1 61.5 High LOW Company 19.9 8.3 t Anchor Resources 15.4 -0.1 2445 15.6 15.3
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    • Article
      Lock icon SGX ETF
      63 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol ('000) Day Low Div C'vr 219.6 158.5 DBXT MSPHILS US$ US218.6 -0.7 1 218.6 218.6 17.5 Net 2171 1667 DBXT MSTaiwan US$ US2128 +23 6 2128 2115
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      338 5 REGISTRATION FOR EXPRESSION OF INTEREST (EOI) TANJUNG ARU ECO DEVELOPMENT (TAED) MAIN WORKS CONTRACTORS Tanjung Aru Eco Development Sdn Bhd invites suitably qualified construction companies consortia to register their interest as the lead design construction contractor for the construction of a new 350 hectares integrated development located in Kota Kinabalu
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    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      131 5 Luxury beachfront homes at IMMEDIATE OCCUPATION LAST 2 CHOICE UNITS v FOR SALE! 11 F*1 ft 1 m S *fL A **ex*3l. Jia-fct a, JHEP^ S§?S Almost sold! Last 2 brand new units at very affordable prices from $643psf! Wake up to a beautiful sunrise every morning. Create timeless memories
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      Lock icon Page 6 Advertisements Column 1
      20 6 Editorial: The desperate search for yield is getting dangerous, Page 26 TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NOTICES
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    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      28 6 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      1042 7 SUBSCRIBENOW! DISCOUNT OF 44.23% TO PRE-ANNOUNCEMENT CLOSING PRICE OF S$0.520 PER SHARE ON 30 JUNE 2016 RIGHTS ISSUE AT S$0.290 THE RIGHTS ISSUE Ezion Holdings Limited (the “Company”), is undertaking an underwritten and renounceable Rights Issue, on the basis of three (3) Rights Shares for every ten (10) existing Shares
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  • Page 11 Advertisements
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      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
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon BNM rate cut: No big impact on margins seen
      566 13  -  But analysts caution that further easing would hit banks’ margins, earnings By Pauline Ng btworld@sph.com.sg Kuala Lumpur COMPARED to the previous steep cuts to the key lending rate of 150 basis points over a six-month period during the global financial crisis
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      Lock icon UBS leads wealth managers with US$1.74t at end-2015: study
      449 13 BLOOMBERG New York UBS Group AG and Bank of America (BoA) Merrill Lynch stand atop the pri-vate-banking industry, managing more than US$3 trillion for the world’s wealthiest people even as assets slid. The private bank at Zurich-based UBS oversaw US$1.74 trillion
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    • Article
      Lock icon Sumitomo Life wary of US govt bonds due to rising costs, low yields
      632 13 BLOOMBERG Bangkok SUMITOMO Life Insurance Co plans to add mainly corporate and mortgage debt in the United States, while avoiding government bonds in the country because of rising hedging costs and lower sovereign yields. Japan’s fourth-biggest life
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      162 13 *99,888 I m CAR ir U.P. $104,888 1 201S r/ I 1 t s I F sswss«yF THE NEW ASTRA JgSgg v Z^Sw?*’- \&E t .O.+■•.,-;:*t ?T ■f> OF THE YEAR 2016. It's no wonder why we won. Rediscover German engineering and design at the Opel showroom and experience the
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Woodside buys ConocoPhillips’ deepwater stakes off Senegal
      421 14 US$430m deal may speed up development of a billion barrel resource that is set to start producing in next 5 years REUTERS Melbourne AUSTRALIA’S Woodside Petroleum is expanding its push into West Africa, agreeing to buy ConocoPhillips’ deepwater stakes off Senegal, including one
      REUTERS  -  421 words
    • Article, Illustration
      Lock icon US aluminium smelters-utilities link collapsing
      681 14 BLOOMBERG Houston THE business of making aluminium in the US is collapsing and no other industry has watched the demise as closely as the one that supplies the power used to create molten metal in giant pots. For more than a century, America’s aluminium processors
      BLOOMBERG; PHOTO: REUTERS  -  681 words
    • Article
      Lock icon US oil industry facing challenges of depleted workforce, idled rigs
      799 14 REUTERS Houston TWO years ago, Reg MacDonald’s 20-day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. Now he is lucky if he gets half a dozen
      REUTERS  -  799 words
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      604 14 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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      451 14 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of PURE WATER TECH PTE. LTD. Company Reg. No. *****8792W Notice of Creditors’ Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that pursuant to Section 296 of the Companies Act,
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      474 14 Red House International Ltd Business Company Number: *****9 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 Red House International Ltd commenced on 27 June 2016 and that Lia Shiow Jiuan Nicole of 21
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      133 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF BORNEMANN PUMPS ASIA PTE. LTD. (Company No. *****1616D) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE OF HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon US banking watchdog likely covered up FDIC hacking
      664 15 Hacks, likely by China, were covered up to protect the job of FDIC chairman Martin Gruenberg: congressional report REUTERS Washington THE Chinese government likely hacked computers at the US Federal Deposit Insurance Corporation (FDIC) in 2010, 2011 and 2013 and employees at
      REUTERS; PHOTO: BLOOMBERG  -  664 words
    • Article
      Lock icon Ex-Google engineer launches blockchain-based system for banks
      358 15 REUTERS London A FORMER Google engineer whose speech recognition software is used in more than a billion Android smartphones has launched a company that uses blockchain technology to build a new operating system for banks. Paul Taylor, a Cambridge University academic with an
      REUTERS  -  358 words
    • Article
      Lock icon PayPal campaign to target millenials
      338 15  -  By Chin Yong Chang ycchin@sph.com.sg Singapore PAYPAL will be rolling out a regional campaign by the end of the month aimed at millenials those aged 18 to 34 to encourage the use of online monetary transactions, especially for cross-border purchases. This is in line with
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      383 15 MANANTIAL INVESTMENTS PTE LTD COMPANY REGISTRATION NO. *****0785R (INCORPORATED IN THE REPUBLIC OF SINGAPORE) Notice of Resolutions NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD AT 21 COLLYER QUAY #19-01, HSBC BUILDING, SINGAPORE *****0 ON THE 7TH DAY OF JULY
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      981 15 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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      15 15 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      656 15 IN THE MATTER OF NYU TISCH SCHOOL OF THE ARTS, ASIA, LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Company Registration No. *****3746K NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the member of the abovementioned Company will be held at
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Competition watchdog looks into supply of HDB lift spare parts
      457 16  -  Inability of third-party service contractors to source for original parts poses significant operational issues,it says By Renald Yeo yrenald@sph.com.sg Singapore A SPOTLIGHT has been thrown on proper lift maintenance following a string of high-profile incidents that left one man dead
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    • Article
      Lock icon Brexit vote ravages sentiment in UK housing market: poll
      457 16 REUTERS London LAST month’s Brexit vote had an immediate impact on Britain’s housing market, causing buyer interest and expectations of future sales to wither at the fastest pace in years, a survey showed on Thursday. The Royal Institution of Chartered Surveyors
      REUTERS  -  457 words
    • Article
      Lock icon Galaxy woos big shoppers as Macau gaming slumps
      754 16 BLOOMBERG Macau AS Macau’s gambling slump extends beyond a second year, the casino operator that’s benefited the most from the city’s decade-long focus on Chinese VIP gamblers is trying to woo a new breed of “very important persons” to prop up non-gaming
      BLOOMBERG  -  754 words
    • Article, Illustration
      Lock icon Seller-financed home sales are ‘toxic transactions’
      1023 17 US consumer law body calls such deals similar to buying homes on instalment with a high-interest, long-term loan NYT New York SELLER-FINANCED home sales are “toxic transactions”, a prominent US consumer law organisation said on Thursday as it released a report and called for
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      419 16 INVEST IN NAMBA, OSAKA "i :F: :=is m Bn W D From $283K 16 July 2016 (Sat) 1pm 5pm Four Seasons Hotel Window East Seminar Talk: 2.30pm RSVP required I N ITIAB RAN NAMBA 15-storey high with 98 units, studio to 2-bedroom Located in the middle of Horie, Namba and
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      36 16 MEDIA CENTRE T m MEDIA CENTRE; GENTING LANE B1 INDUSTRIAL SPACE FOR RENT Fully fitted air-cond industrial office with carpet Area from 700 sq ft to 7,653 sq ft Interested, please call Shawn at 9694 5349
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      21 16 Office Space For Rent Manhattan House 1 st Storey office space 810- 1346 sqft Interested, please call Shawn at 9694 5349
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  • Page 17 Advertisements
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      707 17 D10 HOUSE FOR SALE NASSIM Nassim vicinity Prime Good Class Bungalow (GCB). ***** sqft Majestically renovated. 5 rooms. Inground pool. Big entertainment area. Please call Julian 9100 0098 D10 HOUSE FOR SALE VICTORIA PARK CLOSE Rowena *****166 Open Hse. Best buy $10xxpsf. Estate Sale. Ideal elevated and cul-de-sac for GCB
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  • CONSUMER
    • Article, Illustration
      Lock icon Gilead saves US$10b in taxes as pricey hep C drug takes off
      952 18 This boosts its already huge profits, letting firm stash even more billions in tax havens abroad, says advocacy group BLOOMBERG New York GILEAD Sciences Inc’s profit margin has soared and its tax rate has plummeted since the drugmaker
      BLOOMBERG; PHOTO: BLOOMBERG  -  952 words
    • Article
      Lock icon US court approves Groupon’s US$45m securities settlement
      361 18 BLOOMBERG San Francisco GROUPON Inc has won final court approval of a US$45 million settlement with investors who claimed the company misrepresented its financial results ahead of its 2011 initial public offering. The class of investors who bought shares from the Nov 4,2011
      BLOOMBERG  -  361 words
    • Article
      Lock icon Staples looks to rebound from failed merger with back-to-school sales
      508 18 BLOOMBERG New York STAPLES Inc, looking to bounce back after a failed mega-merger, is bulking up its online selection and shortening delivery times to make the most of the back-to-school shopping season, which is more important for the of-fice-supply retailer
      BLOOMBERG  -  508 words
    • Article
      Lock icon Nest unveils app-based outdoor security camera
      378 18 BLOOMBERG New York NEST Labs Inc, a unit of Alphabet Inc, introduced its first new connectedhome gadget in more than a year after a rocky few months that saw the departure of its controversial chief executive officer. The Nest Cam Outdoor takes the company’s
      BLOOMBERG  -  378 words
  • Page 18 Advertisements
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      54 18 Organised by SHIN MIN UFM 1003 MEDISHIELD LIFE DIALOGUE WITH DR AMY KHOR Senior Minister of State, Ministry of Health and Ministry of The Environment and Water Resources JOIN US CHEVRON HOUSE (LEVEL 1) 15 JULY 2016 112.30PM-2.00PM 'l Hosted by Elliott Danker, ONE FM 91.3 DJ and Yap Wei
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Mahathir to launch party to oust Barisan Nasional
      436 19 REUTERS Kuala Lumpur FORMER Malaysian Prime Minister Mahathir Mohamad on Thursday announced plans for a new party that would join an opposition alliance in a bid to oust the ruling Barisan Nasional (BN) coalition led by scandal-taint-ed Prime Minister Najib Razak. Speculation
      REUTERS  -  436 words
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      Lock icon Japan royal agency denies Akihito plans to abdicate
      592 19 AFP Tokyo JAPAN’S ancient monarchy was in tumult on Thursday, with the imperial household insisting its ageing emperor had no plans to abdicate after reports he wanted to step aside. Respected national broadcaster NHK citing palace and other sources said on Wednesday
      AFP; PHOTO: AFP  -  592 words
    • Article
      Lock icon No chance Japan will adopt ‘helicopter money’ soon: sources
      536 19 Resorting to such a step would send ‘a grave message to the international community’ on Japan’s fiscal management REUTERS Tokyo THERE is no possibility that Japan will resort to “helicopter money” in the near future a policy in which the central
      REUTERS  -  536 words
    • Article, Illustration
      Lock icon Bank of Korea holds key rate at record low, cuts growth forecast
      732 19 BLOOMBERG Seoul SOUTH Korea’s central bank held its benchmark interest rate at a record low on Thursday while cutting its projection for growth and inflation amid uncertainty in the economic outlook. The seven-day repurchase rate was left unchanged
      BLOOMBERG; PHOTO: BLOOMBERG  -  732 words
  • Page 19 Advertisements
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      264 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SWANDALE INVESTMENTS PRIVATE LIMITED (COMPANY REGISTRATION NO.: *****1207E) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of SWANDALE INVESTMENTS PRIVATE LIMITED held on 8 July 2016, the following Special Resolution was passed: WINDING-UP AND APPOINTMENT OF LIQUIDATOR That Swandale
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  • LUXE CRUISE HOLIDAYS
    • Article, Illustration
      Lock icon Living the high life on the Mekong
      1103 20  -  There’s no better way to take in the sights and sounds of one of the most storied waterways in Asia than on a luxury riverboat. BY LOW KA WEI riverboat.BY LOW KA WEI I AM on a tender, skimming the Mekong River dotted
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      Lock icon Going off the beaten track
      1062 22 / 23  -  Pack your steamer trunk for these cruise destinations of the moment. BY LOW KA WEI BY LOW KA WEI Cuba (below) OTHER than North Korea, there is no place on Earth as stuck in a time warp as Cuba. Unlike isolated Pyongyang, the Caribbean island-nation’s
      PHOTO: ABERCROMBIE & KENT; PHOTO: KEN HAYDEN PHOTOGRAPHY; PHOTOS: SILVERSEA; PHOTO: CUNARD  -  1,062 words
  • Page 20 Advertisements
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      426 20 Your Cruise Holiday is All About Choice Your Cruise Specialist Offering the Widest Range of International Regional Cruise Lines Up to $1500 OFF Per Cabin* 848) (TA FREE Cabin Upgrade* FREE Travel Insurance* Gratuities Included* 14D Hawaii Island Hopping Seoul Sojourn Cruise Tour Honolulu Kahului Hilo Kona Nawiliwili Honolulu Return
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      541 20 TThe Aqua Mekong offers three, four and seven-day itineraries with embarkations at Siem Reap, Phnom Penh or My Tho (near Ho Chi Minh City). www.aquaexpeditions.com CRUISE ARENA making waves HURRY! BOOK by 21 JUL 2016 PRINCESS CRUISES come back new* EARLY BIRD PROMOTION X c Celebrity Cruises go! big better
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  • Page 22 / 23 Advertisements
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      542 22 / 23 11 HOLIDAYS WORLDWIDE LOXURY CRUISE CENTRE. fPmccssjtCrmscsffraweil^^ufturallFaiHj (DCFE5/8) Return Airport Transfer 2N or 5N Dream Cruise shipboard Accommodation 2N Hotel accommodation in Guangzhou Q5EQ) EUbegd QjOdte© Qgeg0e£e0 *****30 EEC? Return Airfare by Singapore Airlines 5N Shipboard Accommodation on Genting Dream DREAM CRUISES f imim 111 (DCHK8/DCVN9)! -,V--Dep: Dec 1,3,8, Genting
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      168 22 / 23 cruises Your World. Your Way ■=0 Life CHOICE' choose FREE Shore Excursions FREE Beverage Package FREE Shipboard Credit plus: FREE Unlimited Internet MiMmt 1111 mi T. “O Life 1 DIFFERENCE 1 The Finest Cuisine at Sea™ A variety of distinctive open-seating restaurants, all at no additional charge Gourmet cuisine curated
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      171 22 / 23 t j/r^ Hurry! Offers End 31 July 2016! PRINCESS CRUISES come back new" SAPPHIRE PRINCESS MARINER OF THE SEAS 1*1 Kids Cruise at $9* 3N Weekend to Penang fr $345 fr $412 4N Port Klang and Phuket 5N Spice of South East Asia fr $551 X Celebrity JK Cruises CELEBRITY
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      204 22 / 23 A 1 .VALON WATERWAYS SPECIAL OFFER BUV ONE c D C C GET ONErKCC AVAILABLE ON SELECT 2016 RIVER CRUISES Mgl •r SB I wT&r'ErJt ilMI COLOGNE BUDAPEST ROMANTIC RHINE FR $2,893 USD* per couple 7-night cruise from Zurich to Amsterdam THE LEGENDARY DANUBE R $3,353 USD* per couple 3
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  • TRANSPORT
    • Article, Illustration
      Lock icon Airbus plays down A380 cutback while bracing for fresh losses
      803 24 Doubts over demand for plane and more cost overruns on A400M military airlifter overshadow new jet orders REUTERS Farnborough, England AIRBUS sought to reassure investors on Wednesday that its decision to cut production of the world’s biggest passenger jet, the
      REUTERS; PHOTO: REUTERS  -  803 words
    • Article
      Lock icon California rejects VW’s 3-litre car recall plan
      533 24 BLOOMBERG San Francisco CALIFORNIA regulators have rejected Volkswagen AG’s plan for recalling thousands of diesel-cheating vehicles, posing a potentially costly obstacle in the 10-month scandal as criminal probes and lawsuits on three continents roll ahead. The California Air Resources Board (CARB) said on
      BLOOMBERG  -  533 words
    • Article
      Lock icon US fines Norway shipping firm nearly US$100m for price fixing
      267 24 AFP Washington THE US dealt Norwegian shipping company Wallenius Wilhelmsen Logistics (WWL) a nearly US$100 million fine on Wednesday for involvement in fixing prices for vehicle cargo services. WWL was the fourth shipping firm to plead guilty in a US
      AFP  -  267 words
    • Article
      Lock icon GM reaches deal with supplier CCM, says plant shutdown threat averted
      396 24 REUTERS Detroit GENERAL Motors Co (GM) told a US bankruptcy court on Wednesday that it has reached a deal with an insolvent Massachusetts parts supplier whose struggles had threatened to shut down some or all of GM’s North American
      REUTERS  -  396 words
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      155 24 Celebrating our 10th anniversary, INVEST Fair 2016 brings together renowned world-class speakers and experts in the region to share the latest development and outlook in the financial industry. EVENT DETAILS Suntec Hall 401-403 REGISTER ONLINE AND DOUBLE YOUR CHANCE IN OUR LUCKY DRAW! 30th 31st July 2016 10am 7pm +65
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      57 24 SINGAPORE QUALIFIERS 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 COUNTRY
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      24 24 SJ y www.omy.sg i IA. mmmw> j Chinese m Language Content Cancerians! 3 things to look out for in the month of July! SCAN&READ
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  • Page 25 Advertisements
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      1126 25 THE BUSINESS TIMES Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) CIW PNJ SIN PKL JKT SUR GENIUS STAR I 001 60 21/7 24/7 26/7 CALMY CORAL 103 60 26/7
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      308 25 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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      729 25 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6470 9100 Fax: (65) 6235 3623 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN FEDORA FF625 30/06 04/07 06/07 08/07 19/07 24/07 TAMESIS FF626 14/07 18/07 20/07 22/07 27/07 03/08 TONSBERG FF627 22/07 26/07 28/07 30/07
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  • OPINION
    • Article
      Lock icon The desperate search for yield is getting dangerous
      532 26 EDITORIAL AN investor who fell asleep just two years ago and woke up today would be incredulous at the distortions in the global financial system. One prime example is how, despite a recovering economy, US 10-year Treasuries are yielding 1.5 per cent
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    • Article, Illustration
      Lock icon Clowns in Circus Brexit make way for a ringmistress
      868 26  -  THE BOTTOM LINE By David Mason T The writer is a business communications consultant in the UK. He lived in Singapore for almost 20 years in the 1980s and 1990s as an audit partner in a Big Four firm. IT is
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      Lock icon India’s ride on wave of globalisation a rocky one
      1395 26  -  The subcontinent entered the global markets with its 1991 New Economic Policy, which has lifted its GDP, but also widened its income gap. BY DILIP HIRO BY DILIP HIRO T The writer’s latest and 36th book is ‘The Age of Aspiration:
      YALEGLOBAL ONLINE; PHOTO: AFP  -  1,395 words
    • Article
      Lock icon Landmark EU-China summit advances 2020 strategic agenda
      1021 27  -  COMMENTARY By Andrew Hammond TThe writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics. BEIJING hosted on Tuesday and Wednesday a China-EU summit led by Chinese President Xi Jinping, Chinese Premier
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    • Article
      Lock icon Sustaining our future with water treatment technologies
      906 27  -  COMMENTARY By Vincenzo Palma T The writer is regional sales director, Asia-Pacific, at De Nora THE United Nations predicts that by 2030, there will be another billion people on our planet, which will increase pressure on our finite natural resources perhaps most importantly,
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      Lock icon US govt, Bill Gates, Li Ka-shing backing nuclear renaissance
      1177 27  -  The positive side of nuclear energy definitely deserves more attention than it’s currently getting. Uranium-fuelled power is greener and cheaper than fossil fuels. BY JAMES STAFFORD BY JAMES STAFFORD OILPRICE.COM LET’S for a second imagine a world without nuclear energy. That’s
      OILPRICE.COM; PHOTO: BLOOMBERG  -  1,177 words
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  • CITY LIFE
    • Article, Illustration
      Lock icon Streat food for the ages
      989 28  -  The upcoming signature event of the Singapore Food Festival, Streat, will highlight hawker dishes with some familiar tastes and other re-imagined ones. BY AVANTI NIM ones.BY AVANTI NIM BUMP into a Singaporean overseas and their one lament is usually along the lines of “I love
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    • CITY BUZZ BT writers’ picks of what to see, do or talk about
      • Article, Illustration
        Lock icon TELEMOVIE CELEBRATES MULTICULTURALISM
        456 28  -  By Dylan Tan TELEVISION Royston Tan’s The Provision Shop MARTIN Scorsese has done it, so has Judd Apatow; now Royston Tan joins the list of filmmakers who are making the transition from big screen to small. The latter’s first telemovie, The Provision Shop commissioned by the Ministry
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      • Article, Illustration
        Lock icon Songs of Protests
        174 28  -  CONCERT By Helmi Yusof SOME of Singapore’s most exciting singer-songwriters are coming together for a one-night-only concert. Titled Songs Of Protest, it features original compositions by the singers and bands, namely The Observatory, X’Ho, Inch Chua (right), Sezairi Sezali, ShiGGa Shay, Art Fazil, Benjamin Chow, CECEY, Andrew
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      • Article, Illustration
        Lock icon The Thin Yellow Line
        197 28  -  FILM By Rachel Loi AFTER a successful screening at last year’s Singapore International Film Festival (SGIFF) as one of the top five most-liked entries, the 2015 Mexican film The Thin Yellow Line (above) will be back next week at The Projector, as part of a collaboration
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      • Article, Illustration
        Lock icon Pesto Pot
        181 28  -  DINING By Tay Suan Chiang AT first glance, Souper Tang’s Signature Souper Pesto Pot (below) is a worrying shade of green, making you wonder exactly what’s in it. Thankfully, the broth is tastier than it looks. The broth is made from an in-house pesto mix of green vegetables,
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        Lock icon Engelbert Humperdinck Live In Singapore 2016
        165 28  -  MUSIC By Dylan Tan NOBODY argues with four Grammy nominations, a Golden Globe for Entertainer of the Year (1988), 63 gold and 24 platinum records, and a star on the Hollywood Walk of Fame: Engelbert Humperdinck (below) is a bona fide musical legend and
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  • DINING/CINEMA
    • Article
      Lock icon S’pore hawkers on global stage
      1036 29  -  Seventeen street food outlets earn Bib Gourmand status in first local edition of Michelin Guide. BY RACHEL LOI Guide.BY RACHEL LOI rachloi@sph.com.sg @RachelLoiBT LOCAL heritage street food vaulted into the global spotlight on Thursday when 17 hawkers earned Bib Gourmand status in the first Singapore
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    • Article, Illustration
      Lock icon All-female ghostbusters provide big twist to beloved franchise
      579 29  -  By Geoffrey Eu SOMETHING strange is in the neighbourhood, and it’s the same again only different. Ghostbusters is back in town, rebooted, re-gendered and reimagined for the new age, but with more than a nod and a wink to the 1984 original
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      Lock icon An uncompromising view of the world
      634 29  -  By Geoffrey Eu IN Captain Fantastic, a father with a back-to-nature philosophy, left-lean-ing politics and a strict survivalist code raises his six children way off the grid in the forests of the Pacific Northwest. They hunt wild animals together, read actual books by firelight
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      341 29 CRYPTIC CROSSWORD Across 1 Alliance runs into trouble with gangster (11) 9 Quickly finished thing needing adjustment (9) 10 First appearance cut short good. Remove errors from programme (5) 11 Pass, as error by East (6) 12 Monitor avoiding extremes (8) 13 Soup tureen with a covering of glaze (6)
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  • MIUSIC/ARTS
    • Article, Illustration
      Lock icon Break from music revives Kit Chan
      832 30  -  The local songbird’s comeback will culminate with a spectacular homecoming gig to mark the end of her Spellbound tour and the release of her new album. By DYLAN TAN album.By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT KIT Chan may have sung her signature tune Home countless
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    • Article, Illustration
      Lock icon Putting a new spin on heritage tunes
      593 30  -  By Cheah Ui-Hoon uihoon@sph.com.sg HERITAGE tunes get a makeover by The Teng Ensemble when it presents its first major concert, complete with dance and film, helmed by veteran director Glen Goei. Set up in 2009, the six-musician group went full-time last year, and
      593 words
    • Article, Illustration
      Lock icon Turning points in life inspire debut album
      652 30  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT MUSIC has always been a big part of Alemay Fernandez’s life so it’s only apt she decided to capture the life-changing memories of the last five years on tape. The result is her debut solo album Hard to
      PHOTO: TYVN NICE  -  652 words
    • Article, Illustration
      Lock icon Shining a light on the struggles of S’pore women
      529 30  -  By Sue-Ann Tan suetan@sph.com.sg MENTAL health, sexual assault and interracial relationships are among the sensitive issues highlighted in the play Every Singaporean Daughter, staged by social enterprise Unsaid this weekend. As its title suggests, the play focuses on the unspoken struggles
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  • ARTS
    • Article, Illustration
      Lock icon Each work a crucible of East and West
      681 31  -  The late Zao Wou-Ki left a legacy of extraordinary abstracts on prints and paper, now on show at STPI. BY HELMI YUSOF STPI.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT ZAO WOU-KI is one of the top-selling Asian artists in the world. His abstract paintings
      681 words
    • Article, Illustration
      Lock icon Jialat! Coping with modern S’pore as a dialect-speaking senior citizen
      499 31  -  SINGAPORE THEATRE FESTIVAL By Cheah Ui-Hoon uihoon@sph.com.sg IN Grandmother Tongue, playwright Thomas Lim not only crafts an intimate portrait of his granny, but a realistic snapshot of what it means to be a dialect-speaking senior citizen in Singapore these days.
      499 words
    • Article, Illustration
      Lock icon Sensitive portrayal of the trials and tribulations of LGBTs
      498 31  -  By Cheah Ui–Hoon uihoon@sph.com.sg IT’S quite a task to not only interview over 50 people but to also compile their voices into a play. Kudos especially to the ensemble of six actors in Let’s Get Back Together (LGBT) who draw us
      498 words
    • Article, Illustration
      Lock icon What’s funny about death? Maybe everything
      485 31  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT IT is not often that one gets to witness a real death on screen. But in the brash multimedia play Ibsen: Ghosts shown at The O.P.E.N. festival, the assisted suicide of an 81-year-old woman is presented to us on
      485 words
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  • BT Lifestyle
    • WORDS & MUSIC, SINGAPORE STYLE
      • Article, Illustration
        Lock icon Broadway Beng’s enduring Hokkien appeal
        560 32  -  Les Miserables is ending its run this month. But there are plenty of other musicals and operas to look forward to for the rest of the year. BT Lifestyle picks out some of the best By Cheah Ui-Hoon uihoon@sph.com.sg FOR a Hokkien-speaking character, Broadway Beng
        PHOTO: DREAM ACADEMY  -  560 words
      • Article, Illustration
        Lock icon When Wagner meets wayang kulit
        545 32  -  By Tan Teck Heng btnews@sph.com.sg RICHARD Wagner, arguably the father of the modern musical, is known for his vision of opera as “total artwork” which fuses many art forms. So why not throw wayang kulit into the mix? That must be the thought process behind
        PHOTOS: TAN NGIAP HENG  -  545 words
      • Article, Illustration
        Lock icon Simple, relatable and intensely emotional
        552 32  -  By Sue-Ann Tan suetan@sph.com.sg BROADWAY giants such as Les Miser ables and Wicked may attract thousands of theatre-goers to their shows, but Singaporean productions are showing their own mettle, thanks to shows such as Toy Factory’s upcoming Chinese musical Innamorati Two. Unlike far-removed stories of
        PHOTOS: TOY FACTORY PRODUCTIONS  -  552 words
      • Article
        Lock icon Other shows to look out for
        353 32  -  By Sue-Ann Tan Turandot PUCCINI’S Turandot, staged by the Singapore Lyric Opera, tells the story of Prince Calaf’s efforts to win the love of the cold-hearted Princess Turandot. Although he answers her three riddles successfully, he offers her a way to escape the marriage
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