The Business Times, 28 July 2016

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Total Pages: 44
1 20 The Business Times
  • 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 GThursday, July 28, 2016
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  • Article, Illustration
    129 1 Singapore’s drive for quality and standards shifts its focus to emerging areas, where new benchmarks are essential. TOP STORIES 2 Banks and cloud-computing providers welcome the new MAS guidelines on outsourcing risk-management for financial institutions. TOP STORIES 4 New rules to create a more rehabilitative environment for bankrupts
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  • 755 1  -  Foreign reserves manager expects tough investment environment, modest growth prospects By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GIC’s annualised rate of return over global inflation over the past 20 years fell to 4.0 per cent in the year ended
    BT Graphics Source: GIC  -  755 words
  • 989 1  -  By Anthony Rowley btworld@sph.com.sg Tokyo PRIME Minister Shinzo Abe shocked financial markets on Wednesday by announcing that his government is planning a record fiscal stimulus of more than 28 trillion yen (S$359.7 billion), which paves the way for a new approach to
    PHOTO: AFP  -  989 words
  • 26 1 Wednesday Change STI 2,941.49 +8.05 KL Comp 1,663.56 +2.14 Nikkei 225 16,664.82 +281.78 Hang Seng 22,218.99 +89.26 Shenzhen B 1,126.96 -22.82 Dow(11.45am EDT) 18,457.48 -16.27
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  • Page 1 Advertisements
    • 219 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES WHO'S WHO IN PROPERTY 2016 A 20-page special feature with your copy of The Business Times today. Don't miss it! IWC ENGINEERED FOR MEN. Pilot’s Watch Chronograph. Ref. 3777: You don’t become an original. You are one. Just like this watch,
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    • 14 1 SUZHOU’S PROSPECTS Economic future remains bright as city raises its global competitiveness OPINION 23
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    • 36 1 SMART HOMES Keppel Land launches integrated Habitap app real estate 12 HOCK LOCK SIEW Dividend yield may bolster SIA stock amid headwinds companies markets 7 GIC sees sharply lower returns in next 10-20 years, Page 2
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  • TOP STORIES
    • 833 2  -  But MAS warns that institutions are ultimately responsible for maintaining oversight of cloud services and managing the risks of using them BANKING ON THE CLOUD By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore BANKS in Singapore and cloud-com-puting services providers on Wednesday welcomed the
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    • 470 2  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore COINCIDING with the release of revised guidelines on outsourcing, including cloud computing, by the Monetary Authority of Singapore (MAS), DBS Bank on Wednesday announced two major cloud computing deals that it expects will increase its operational
      FILE PHOTO  -  470 words
    • 498 2  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore HIGH starting valuations, low interest rates and a modest and uncertain outlook for economic growth imply weaker returns and higher uncertainty for the next one to two decades, GIC says. “GIC anticipates significantly lower and
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    • 599 4  -  Minister Iswaran: S’pore industries to help draw up new international benchmarks and gain first-mover advantage By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE’S drive for quality and standards (Q&S) will shift its focus to emerging areas, where new quality benchmarks are
      599 words
    • 1138 4 BLOOMBERG Washington WITH the historic nomination of Hillary Clinton and the cooling embers of the Bernie Sanders revolution, Democrats gathered in Philadelphia hoped they had turned a corner on Tuesday. The momentous day was capped by a rousing Bill Clinton speech that
      BLOOMBERG; PHOTO: AFP  -  1,138 words
    • 732 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA Airlines (MAS) has ordered 50 Boeing 737 MAX aircraft as it continues to chart “conservative and pragmatic growth” ahead of a planned relisting in 2019. The deal, signed in Putrajaya on Wednesday, is for 25 firm
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    • 531 4 BLOOMBERG Jakarta INDONESIA’S new finance minister spells good news for a tax amnesty plan that’s a key component of President Joko Widodo’s ambitious economic programme. Sri Mulyani Indrawati, 53, returns to a post she held between 2005 and 2010 when she
      BLOOMBERG; PHOTO: REUTERS  -  531 words
    • 467 5  -  Minimum debt for someone to be made bankrupt raised to S$15,000 from S$10,000 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore NEW rules under Singapore’s bankruptcy framework to create a more “rehabilitative environment” for bankrupts will come into force from August, the Ministry of Law
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    • 309 5  -  By Chin Yong Chang ycchin@sph.com.sg Singapore THE 10th edition of Invest Fair Singapore, organised by ShareInvestor and The Business Times, will be held this weekend on July 30-31. The venue is Suntec Singapore, exhibition halls 401, 402, and 403 on level four.
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    • 266 5  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore AVERAGE daily reported turnover in the overall foreign exchange market in Singapore hit a record high in April this year. Some US$507 billion were traded in April, a 26 per cent increase from October
      BLOOMBERG FILE PHOTO  -  266 words
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  • COMPANIES & MARKETS
    • 625 6  -  Final dividend of S$0.13 raises FY2016 payout to S$0.28, unchanged from FY2015 By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE Exchange’s net profit for the final quarter ended June 2016 fell 20.1 per cent to S$76.8 million led by dampened trading sentiment against the backdrop of
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    • 659 6  -  Non-operating deficit up; disposal loss of S$18.7m vs gain of S$119.9m in 2Q15 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore GREAT Eastern Holdings’ secondquarter net profit tumbled as unfavourable market conditions raised non-operating loss and the group registered a S$18.7 million loss on the disposal
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    • 731 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND Retail China Trust (CRCT), which owns 10 shopping malls in China, is still on the lookout to acquire malls in tier-one and higher tier-two cities to grow its portfolio. At the same time, it is open
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    • 718 7  -  HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT IT’S likely to be a familiar theme as Singapore Airlines (SIA) unveils its first-quarter results this week, with core earnings receiving a boost from unwinding fuel hedges and cheap jet fuel even as yields
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    • 452 7  -  By Renald Yeo yrenald@sph.com.sg Singapore AN infusion of rental income from a trio of new additions to its portfolio has increased earnings at Viva Industrial Trust (VIT) for the second quarter, it reported on Wednesday. Gross revenue for three months ended June 30
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    • Article, Illustration
      63 8 STI Catalist Straits Times Index July 27,2016 2,941.49 +8.05 (+0.27%) Current streak 2 days Day high 2,941.76 Day low 2,924.85 52-week high 3,313.42 (July 27, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 27,2016 452.66 +0.95 (+0.21%) Current streak 2 days Day high 454.42 Day low
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    • 615 8  -  ST Index ends 0.3 per cent higher as broad market sees gainers outdo losers 212 to 182, but turnover remains feeble STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT A WEEK dominated by headlines about central bank meetings and worries about who the eventual
      Source: Bloomberg  -  615 words
    • 308 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 254 -2 257/252 257 209 6 6698.8 CapitaCom Trust 152 xd unch 152/148.5 158.5 122.5 5.7 4493.6 CapitaLand 319 +3 320/317 340 267 12.8 2.8 *****.9 CapitaMall Trust 215 cd -5 220/213
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    • 35 8 VOLUME Annica 252,526,400 CNMC Goldmine 35,531,400 Noble 33,162,700 Golden Agri-Res 26,590,400 Ezra 23,627,800 Market volume 1,198,207,000 VALUE Singtel 62,501,011 DBS Grp 44,786,041 Wilmar Intl 37,627,877 UOB 35,908,763 OCBC Bank 33,572,982 Market value 829,945,000
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    • 107 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 298 cd +2 228 299/297 337/254 298/299 DBXT MSAsExJp US$ US3409 +16 62 3415/3409 3469/2772 3406/3417 7.8 UETF SSE50China 190 -3 62 193/190 262/181 190/193 59.4 Lyxor Taiwan US116.4 +0.1 56 116.4/116.3 116.4/90 -/120
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    • 77 8 Jul 27 VALUE CLOSE BT OB/OS -149.00 +3.00 BT CADI -*****.00 +21.00 BT 10-day MA -*****.00 -15.00 FTSE ST Mid Cap 685.85 +1.23 FTSE ST Small Cap 391.65 +1.25 FTSE ST All Share 713.27 +2.05 FTSE ST China Top 162.49 -0.12 FTSE ST China 194.33 +0.85 FTSE
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    • 35 8 STI FTSE ST All-Share ftse ST All-Share index July 27,2016 713.27 +2.05 (+0.29%) Current streak 2 days Day high 713.27 Day low 709.78 52-week high 791.90 (July 27, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index July 26,2016 1,655.44 +3.63 (+0.22%) Current streak 2 days Day high 1,660.93 Day low 1,647.97 52-week high 1,883.89 (Aug 10, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 1 1 0 0 8 7 1 Manufacturing 40 39 29 10 13 13 50 52 42 Commerce 23 14 13 5 3 4 28 17 17 Tpt/Stor/Comms 9 18 4
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    • 122 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,490 344 9,834 29,570 63 29,633 Manufacturing 68,875 288,395 357,270 91,341 1,638 92,979 Commerce 79,163 18,504 97,667 79,736 426 80,163 Tpt/Stor/Comms 89,028 2,510 91,538 133,735 267 134,002 Finance 29,660 289 29,949 129,798 45 129,843 Construction
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    • 74 8 BY CENTS CLOSE UP 52w high/low Jardine C&C 3788 143.0 3.9 4520/2636 SPDR S&P500 US$ ***** 127.6 0.4 *****/***** DBXT ASX200 US$ 3555 63.8 1.3 3559/2900 JMH USD 5800 62.5 0.8 6103/4500 DBXT MSINDO us$ 1447 55.7 2.9 1500/911 BY PERCENTAGE CLOSE UP 52w high/low Advanced Systems 0.2 100.0
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    • 73 8 BY CENTS CLOSE DOWN 52w high/low DBXT CSI300 US$ 788 -51.6 -4.6 1130/700 Great Eastern 2140 -40.0 -1.8 2372/1870 GLD US$ ***** -33.9 -0.2 *****/***** DBS Bk 4.7% NCPS ***** -20.0 -0.2 *****/***** MSC 90.5 -8.5 -8.6 99/53 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -50.0 -0.1 0.8/0.1
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    • 80 8 VOL CLOSE($) CHANGE ES 8.0 0.070 -0.030 -30.00 8Telecom 1,176.7 0.210 +0.047 +28.83 Regal Intl 2,281.5 0.157 +0.026 +19.85 AIM 180.0 0.190 +0.016 +9.20 Excelpoint 101.9 0.350 -0.050 -12.50 Sinjia Land 162.1 0.069 +0.008 +13.12 Khong Guan Flour 50.9 2.080 +0.100 +5.05 Banyan Tree 253.4 0.430 -0.030 -6.52
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    • BROKERS’ TAKE
      • 169 8 Target price: S$3.21 July 27 close: s$2.84 OCBC Investment Research, July 27 With the Downtown Line (DTL) still loss-making, we believe it is unlikely LTA will transit Northeast Line (NEL) to New Rail Financing Framework (NRFF) as Comfort is currently using profits from NEL to support the
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      • 124 8 Target price: S$0.81 July 27 close: S$0.72 RHB, July 27 Bumitama Agri recorded dismal fresh fruit bunches (FFB) output in Q216, as FFB production fell by 26.3 per cent YoY. This brought 1H16 FFB output decline to -17.3 per cent YoY. The decline was due to the
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      • 177 8  -  Compiled by Melissa Tan Target price: S$1.04 July 27 close: S$0.985 CIMB, July 26 We had expected same-store sales growth to turn around, but not by this magnitude, especially after two consecutive quarters of declines. We note that this included the McNair store which was closed
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    • 9 8 DATA I July 28 US Initial jobless claims
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    • 419 9 CURRENCIES REUTERS London A LARGER than expected fiscal stimulus plan for Japan had the yen back on the defensive on Wednesday, as investors bet the Bank of Japan would match that with a new bout of mon-ey-printing aimed at weakening its currency.
      REUTERS  -  419 words
    • EQUITY BONDS WARRANTS FUTURES
      • 206 9 Jul 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.4 0.3 7621 0.1 1620 3 UOB MB eCW*****0 6.3 0.4 4184 0.1 2000 4 FTSEChinaA50 ***** MBeCW*****8 8 -1.3 3212 0.0 3 OCBC
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jul 26 Index Change Change Change Change Change Change World Preliminary 1298.7 -0.2 1.6 -0.3 -1.8 0.0 2.5 EAFE Preliminary 962.0 -0.1 -5.1 0.0 -7.6 0.2 -3.6 Europe Preliminary 1378.9 0.3 -2.4
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      • 396 9 Jul 27 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9542.50 9577.50 9322.50 9480.00 *****0 *****7 Aug16 9537.50 9577.50 9325.00 9485.00 *****1 *****9 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****7 *****6 Dec16 *****.00 *****.00 *****.00 *****.00 182 6043 MSCI TAIWAN
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    • FOREX RATES
      • Article, Illustration
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      • 471 9 Jul 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 4.991 0.680 5.806 50.303 98.353 0.790 8.499 3.052 1.064 78.465 35.308 1.016 10.708 0.743 24.000 26.198 0.570 0.749 Canada 1.013 5.058
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      • Article, Illustration
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      • 155 9 Jul 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0160 1.0164 0.7484 0.7486 Canadian dollar 1.0297 1.0299 0.7586 0.7585 Euro 1.4933 1.4936 1.1000 1.1001 NZ dollar 0.9551 0.9554 0.7036 0.7037 Sterling pound 1.7817 1.7821 1.3125 1.3126
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      • Article, Illustration
        1 9
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      • 21 9 Jul27 S$ Bid Offer 1-month 1.3581 1.3585 2-months 1.3585 1.3589 3-months 1.3589 1.3594 6-months 1.3596 1.3604 Source: OCBC
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    • BANK RATES
      • 154 9 Jul 27 $S Offer Bid 0vernight 0.35 0.25 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.90 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.75 0.55 3 months 0.85 0.65 6 months 1.20 1.00 9 months 1.40 1.20 12
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      • 67 9 Jul 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.19 99.21 99.19 5-Year NX*****X 2.250 01-Jun-21 103.81 104.00 103.80 10-Year NX*****F 2.125 01-Jun-26 102.89 103.15 102.95 15-Year NZ*****F 2.875 01-Sep-30 109.2 109.70 109.50 20-Year NZ*****X 2.250 01-Aug-36 99.81
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    • AGRI METALS ENERGY
      • 250 9 Jul-26 Price Net change change Last Trade Agricultural Jul-26 CBOT Soybeans (US cents/bu) 993.50 9.75 0.99% 12/8/2016 CBOT Soybean Oil (US cents/lb) 29.56 0.10 0.34% 12/8/2016 CBOT Wheat (US cents/bu) 415.00 -14.00 -3.26% 14/09/2016 Jul-26 LIFFE Cocoa (£/tonne) 2342.00 -5.00 -0.21% 15/09/2016 LIFFE Coffee (US$/tonne) 1803.00 25.00 1.41%
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    • 628 10  -  It’s understood to be in conceptual studies for Sabah project and have also been roped in for potential work in S Africa By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEMBCORP Marine is making headway in pitching its Gravifloat concept for
      628 words
    • 284 10  -  By Christopher Langner BLOOMBERG Singapore SO things in commodities are pretty awful right now. But spare a thought for Singapore’s oil services industry. It’s not just crude prices that are trending down again; bank obligations and supplier bills are piling up, and
      BLOOMBERG  -  284 words
    • 382 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore LIAN Beng Group’s Q4 net profit fell 43.9 per cent to S$30.4 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening. This was on the back of revenue plunging 55.8
      PHOTO: AIDAN LOO  -  382 words
    • 420 10  -  By Choo Yun Ting yuntingc@sph.com.sg Singapore FOLLOWING a one-month trial with online marketplaces and blogshops, Singapore Post (SingPost) has introduced the first islandwide open parcel locker service known as Rent-a-POP. “Retailers and consumers can now rent a POPStation locker to deliver their
      FILE PHOTO  -  420 words
    • CORPORATE DIGEST
      • 65 10 HIGHER earnings from food and beverage operations helped Yeo Hiap Seng more than double its net profit for the three months ended June 30, compared to a year ago. It recorded S$8.12 million in net profit attributable to equity-holders for Q2, against S$4 million previously. Earnings per
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      • 64 10 weaker activity in its oilfield and subsea divisions during the first quarter of financial year 2017 eroded MTQ Corporation’s revenue, but improved efficiencies and lower costs helped it narrow its net loss by 6 per cent to S$2.18 million. Loss per share was 1.41 Singapore cents for Q1
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      • 47 10 SHARES of construction company Keong Hong Holdings will start trading on the mainboard of Singapore Exchange on Aug 2 at 9am, instead of the Catalist where it is listed now. This transfer was unanimously approved by shareholders at an extraordinary general meeting on Wednesday.
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      • 68 10 EARNINGS at CITIC Envirotech for the second quarter was almost seven times of that from a year ago as sales increased. Net profit attributable to owners of the company was at S$22.8 million for the three months ended June 30, against S$3.32 million previously. Earnings per share went
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    • 1766 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High Day 150.5 127 AIMSAMP Cap Reit 148cd -0.5 565 149 147 0.9 7.7 942 Div 165.5 101 ARA Asset Mgmt 131 -1 463 133
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    • 358 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div C'vr 0.7 0.1 t Advanced Systems 0.2 +0.1 30 0.2 0.2 5.3 44.5 29.5 t Advancer Global 33.5 unch 1536 35 33 13.3 58 MCap 16.2 4.5
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    • 108 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 918 700 CIMBASEAN40 US$ US868 6 868 868 136.1 ('000) High Day 1404 995 DBXT MSCHINA US$ US1239 +1 21 1240 1239 5600 4478 DBXT MSKorea US$ US5600
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  • Page 10 Advertisements
    • 573 10 (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Hutchison Port Holdings Trust (“HPH
      573 words

  • Page 11 Advertisements
    • 80 11 SGX== SGX My Gateway Stay informed about Singapore’s stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange 4 This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • REAL ESTATE
    • 383 12  -  Habitap features include remotely controlling home devices, managing guest lists for private parties By Chin Yong Chang ycchin@sph.com.sg Singapore THE idea of a smart home brings to mind Marvel’s Tony Stark and his “smart home” controlled by his trusty
      PHOTO: HABITAP  -  383 words
    • 1004 12 BLOOMBERG Toronto CANADA’S largest residential landlord is one of the two most-shorted companies in North America as investors bet it will bear the brunt of a slow economic recovery in the oil-depend-ent region. Short interest in Boardwalk Real Estate
      BLOOMBERG; PHOTO: AFP  -  1,004 words
    • 328 12 BLOOMBERG Hong Kong BILLIONAIRE Wang Jianlin’s US$4.4 billion proposal to privatise Dalian Wanda Commercial Properties Co drew support from Glass Lewis, which advised investors to vote for the plan. The buyout offer’s rationale is “fairly standard” and “straightforward”, according to a Glass
      BLOOMBERG  -  328 words
    • 790 13 Williamsburg will be hit when the train tunnel is closed for 18 months in 2019 to repair Hurricane Sandy damage NYT New York THE Williamsburg neighbourhood in Brooklyn has had plenty of incarnations of late: industrial waterfront; hipster hub; a village of
      NYT  -  790 words
    • 232 13 REUTERS Beijing PROPERTY sales in Beijing rose 64.8 per cent in 2015, boosted by more favourable housing policies, according to a real estate white paper released by the city’s government. Increased government stimulus sparked a sharp reversal in the market after sales
      REUTERS; PHOTO: AFP  -  232 words
    • 515 13 NYT New York DURING the single-digit temperatures in winter 2015, the family (with five children) had no heat and no hot water. That, the authorities say, was not even the worst of conditions the tenants endured as the last rent-stabi-lised holdouts in a building
      NYT  -  515 words
    • 274 13 BLOOMBERG San Francisco APARTMENT landlord AvalonBay Communities Inc gave renters concessions worth US$300,000 in the second quarter, four times more than in the same period a year earlier, as enticements to sign leases. The sweeteners, in the form of free months of
      BLOOMBERG  -  274 words
    • 692 14 But his administration insists it’s ahead of schedule in providing affordable apartments NYT New York WHEN Mayor Bill de Blasio took office in 2014, he made affordable housing the centrepiece of his administration, vowing to build or preserve 200,000 units over a
      NYT  -  692 words
    • 1548 14 Property transactions for districts 1 to 17 with contract dates between June 15 and June 21,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 20/06/2016 99 1119 2784 2487 Riverwalk Apt Apt 15/06/2016 99
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    • 538 14 REUTERS London BRITISH property website Rightmove said uncertainty created by last month’s vote to leave the European Union had helped push down property transactions, in a further sign that the housing market could slow due to Brexit. House prices are
      REUTERS; FILE PHOTO  -  538 words
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  • BANKING & FINANCE
    • 933 15 America is ahead of the world in seeking stricter standards than global minimums set by the Basel Committee BLOOMBERG Tokyo BANK regulators from Tokyo to Frankfurt are joining forces to resist a US-backed push for stiffer capital rules that could heap billions
      BLOOMBERG  -  933 words
    • 341 15 REUTERS London STANDARD Chartered has named former deputy governor of the Bank of Spain Jose Vinals as its new chairman, ending a 16-month search for a new leader to continue a sweeping turnaround plan at the Asia-focused lender. Mr Vinals will join the
      REUTERS  -  341 words
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  • ENERGY & COMMODITIES
    • 630 16 The drop in refining margins is the added problem and foreshadows a difficult second half for them BLOOMBERG London IF Big Oil was a two-engine airplane, you could say it’s been flying on a single engine since energy prices
      BLOOMBERG; AFP FILE PHOTO  -  630 words
    • 488 16 BLOOMBERG Mumbai THE global steel industry isn’t out of the woods even after prices bounced back this year, with supplies from China remaining a significant concern, according to Sajjan Jindal, chairman of JSW Steel Ltd, India’s second-largest producer. There’s still
      BLOOMBERG  -  488 words
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    • 414 16 CHINESE FINANCIAL CENTER fjj CHENGDU- Gateway city of western China iuiW'J UtOlJtiW. i Lit o»wyy*' YW MM* HESHUOST FUCHENGAVE HI-END RESIDENTIAL JIAOZI AVE JINCHENGAVE Jincheng Park CHENGDU RING RD EXPY Chengdu Metro Line 1 I C 73 D FINANCIAL CITY > o N o 73 V) H 73 a Bank
      414 words

  • TECHNOLOGY
    • 836 17 One group greets rapidly growing network of curbside machines with joy, while another views it with scepticism; nearly 275,000 people have registered to use them NYT New York WHEN it comes to acceptance of New York City’s rapidly growing network of pavement
      NYT  -  836 words
    • 369 17 WP Washington EVERY keystroke you make on some wireless keyboards can be spied on by hackers lurking nearby, according to research released by cybersecurity firm Bastille on Tuesday. The “vast majority” of low-cost wireless keyboards are vulnerable to an attack researchers
      WP  -  369 words
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    • 367 17 KA PENG aBwSS Price from SGD 475,000* \h V »w. i i I* L L f:“S J I 'B 1 i ,i s>lai i I. i i L k Sfl Bill h v.s fc 1 Jr ■I U YOU ARE CORDIALLY INVITED TO INVEST FAIR® 30 th 8 31 st
      367 words

  • CONSUMER
    • 773 18 Sales down for the second straight quarter, cutting total revenue by 14.6% in the quarter ended June 25 REUTERS San Francisco APPLE Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period
      REUTERS  -  773 words
    • 518 18 BLOOMBERG Tokyo NINTENDO delayed the release of a key accessory for the hit Pokemon Go game as the company posted a wid-er-than-projected loss amid weak demand for its Wii U consoles and a stronger yen. The net loss was 24.5 billion yen
      BLOOMBERG  -  518 words
  • Page 18 Advertisements
    • 300 18 7 9i 3T i to i =1 BB 'T S7 If I i hi a. m ill »*45 ‘ip m sw Y sa? v E PLACE Located in Soi Sukhumvit 107 150m from BTS Bearing 1 BTS station to Asia's biggest mall, Bangkok mall 10 mins to CentralPlaza Bangna, 15
      300 words

  • GOVERNMENT & ECONOMY
    • 724 19 The National Security Council Act allows security forces to search or arrest suspects without a warrant REUTERS Kuala Lumpur MALAYSIA’S Prime Minister Najib Razak will get sweeping security powers on Monday amid planned protests calling for
      REUTERS  -  724 words
    • 669 19 BLOOMBERG Hanoi FOR Vietnam’s government, talk of a collapse in a trade pact stretching across the Pacific Ocean from the US to Malaysia is failing to dent confidence. Whether the Trans-Pacific Partnership (TPP) a 12-nation preferential trade agreement that covers about
      BLOOMBERG; FILE PHOTO  -  669 words
    • 461 19 AFP Bangkok A FORMER prime minister whose party supported Thailand’s last coup lambasted the junta’s new constitution on Wednesday before a referendum on it, a rare blow to the army from within its own political camp. Abhisit Vejjajiva, who was appointed prime minister
      AFP  -  461 words
  • Page 19 Advertisements
    • 253 19 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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    • 776 19 spackmanentertainmentgroup SPACKMAN ENTERTAINMENT GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****1201N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Spackman Entertainment Group Limited (the “Company”) will be held at 390 Orchard Road, #04-01 Palais Renaissance, Singapore *****1 on 12
      776 words

  • TRANSPORT
    • 1023 20 This clears path for Germany’s largest carmaker around the biggest obstacle to recovery from the scandal BLOOMBERG San Francisco VOLKSWAGEN AG’s settlements to get 482,000 emissions-cheating diesel cars off US roads won a preliminary go-ahead from a federal judge, clearing a
      BLOOMBERG; PHOTO: AFP  -  1,023 words
    • 372 20 REUTERS Detroit FIAT Chrysler Automobiles (FCA) said on Tuesday that it had revised more than five years of monthly US vehicle sales figures to reflect a new reporting method, amid an investigation by federal authorities into claims of inflated sales figures.
      REUTERS  -  372 words
    • 344 20 REUTERS Nevada TESLA Motors Inc’s next strategic turn could cost the electric car maker “tens of billions” of dollars over the long term, but will likely require only a “modest” capital raise, chief executive Elon Musk said on Tuesday. Mr Musk’s comments during
      REUTERS  -  344 words
    • 573 20 BLOOMBERG Dallas JETBLUE Airways Corp ordered 30 Airbus Group SE A321 jetliners valued at US$3.6 billion as the carrier expands its premium cabin service and considers adding its first trans-Atlantic flights. JetBlue agreed to buy 15 A3 21 s for delivery starting
      BLOOMBERG  -  573 words
  • Page 20 Advertisements
    • 36 20 Learn Mandarin Without Stress! newstalk.zaobao.sg Try out this Chinese language e-learning tool today. Three different introductory plans* available. Subscribe NOW! $120 for 12 months $84 for 6 months $48 for 3 months Terms and conditions apply.
      36 words

  • Page 21 Advertisements
    • 898 21 THE BUSINESS TIMES Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
      898 words

  • OPINION
    • 555 22 EDITORIAL THIS summer’s unrelenting barrage of stories about innocent civilians losing their lives to the senseless violence of a few should provoke deep reflection by governments around the world. The attacks in Germany, France and the United States are
      555 words
    • 957 22  -  THE BOTTOM LINE By Thomas L Friedman NYT YES, we’re having a national election in the US right now. Yes, there are two parties running. But no, they are not the two parties that you think. It’s not “Democrats” versus “Republicans”. This
      NYT  -  957 words
    • 1566 22  -  As president, Mrs Clinton may have to consider the views of Republicans as well By Leon Hadar AGAINST the backdrop of the hostile takeover of the GOP by Donald Trump and the electoral demise of Jeb Bush and Marco Rubio, veteran political observers
      PHOTO: AFP  -  1,566 words
    • 909 23  -  COMMENTARY By Kevin Hjortshoj O'Rourke T This piece has been edited to include information from an omitted chart. The writer is professor of economic history and Fellow of All Souls College, University of Oxford. Saint Pierre D’entremont, France IN the sad state
      909 words
    • 614 23  - Belt and Road: Singapore’s new growth track COMMENTARY By Nomita Nair, Junwei Lu T The writers are from the law firm Berwin Leighton Paisner LLP. THE One Belt One Road initiative has a short name with a big ambition. Announced in late 2013, it aims to promote connectivity and cooperation
      614 words
    • 958 23  -  Recent high-profile investments by Google and Intel in SIP-based tech startups highlight the city’s new focus on developing the services sector. By SAM CHEONG sector.By SAM CHEONG T The writer is managing director of commercial banking and head of
      FILE PHOTO  -  958 words


  • LIFE & CULTURE
  • Page 24 Miscellaneous
    • 324 24 CRYPTIC CROSSWORD Across 3 Problems associated with sudden withdrawal from remote country (4,6) 8 A tailing copper cut back round roof (6) 9 Squirrel, an hour after 12 noon, seen tucking into thick piece of bread, perhaps (8) 10 Sort of spin on holiday (3,5) 11 Wild cat devouring a
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  • THE BUSINESS TIMES WHO’S WHO IN PROPERTY 2016
    • 973 1  -  URA’s real estate figures for Q2 have led to general agreement that the sector is stabilising, with an underlying recovery underpinned by the luxury segment. BY LYNETTE KHOO BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT ITH the release of second-quarter real estate statistics by the Urban
      973 words
    • Article, Illustration
      863 2 OVERVIEW Headquartered in Hong Kong, Cheung Kong Property Holdings Limited is a well-established name in Asia and is headed by Forbes 2016's richest man in Hong Kong, Li Ka-shing. Cheung Kong Property Holdings, the fully integrated and multi-disciplinary developer is one of Hong Kong's largest property developers with
      863 words
    • 1146 3 OVERVIEW City Developments Limited [CDL] is a pioneer developer that has grown in tandem with Singapore and in the process, earned the trust of generations of Singaporeans. With more than 50 years of solid track record, CDL is a Singapore-Listed international real estate operating company with a
      1,146 words
    • 916 4 OVERVIEW EL Development Pte Ltd first started as a small business unit within one of Singapore's leading builders, Evan Lim Co. Pte Ltd. In Late 2006, it achieved success in its first high-end residential project, Rhapsody on Mount Elizabeth, which sold out in six weeks. The company was
      916 words
    • 1035 5 OVERVIEW Frasers Centrepoint Limited ("FCL") is a full-fledged international real estate company with total assets above S$23.5 billion as at 31 March 2016. It has three strategic business units Singapore, Australia and Hospitality, which focus on residential, commercial, retail and industrial properties in Singapore and Australia,
      1,035 words
    • Article, Illustration
      1185 6 OVERVIEW GuocoLand Limited (“GuocoLand") is a premier regional property company which has been listed on the Singapore Exchange since 1978. Headquartered in Singapore, GuocoLand has operations in the geographical markets of Singapore, China, Malaysia and Vietnam. Its principal business activities are: property development, property investment, hotel operations and
      1,185 words
    • Article, Illustration
      987 7 OVERVIEW Since it was established in 1983, Hoi Hup Realty has evolved into a premier niche property developer which has developed more than 6,000 quality homes. Prominent past projects include Kovan Regency, The Foresta Mount Faber, Questa Dunman, Residences Killiney, Versilia on Haig, Waterford Residence, Suites Cairnhill,
      987 words
    • 893 8 OVERVIEW Koh Brothers Group Limited, together with its subsidiaries, is a well-estabLished construction, property development and specialist engineering solutions provider. It began as a sole proprietorship by Mr Koh Tiat Meng in 1966 and was listed on the SGX Mainboard in August 1994. Koh Brothers, which
      893 words
    • Article, Illustration
      1453 9 OVERVIEW M+S Pte Ltd may be a relatively new developer in Singapore but it certainty does not Lack pedigree. Malaysia's Khazanah Nasional and Singapore's Temasek Holdings are shareholders of M+S. Khazanah has a 60 per cent stake and Temasek the 40 per cent balance in the consortium,
      1,453 words
    • Article, Illustration
      1351 10 The West Side Story OVERVIEW As a leading property group in Singapore, MCL Land has an extensive record of building quality and prime residential homes in both Singapore and Malaysia over the past 40 years. Notable developments to date include The Estuary, UBER 388, Este Villa, Terrasse, Palms
      1,351 words
    • 895 11 OVERVIEW Qingjian Group is a conglomerate with a rich history of more than 60 years with businesses, ranging from domestic and international contracting and investment, real estate development, capital management and logistics. One of the first Chinese construction companies with IS***** compliance, the
      895 words
    • Article, Illustration
      687 12 7-TIME WINNER T 1 FIABCI Prix cP Excellence Awards OVERVIEW One of Malaysia's leading listed property developers, S P Setia boasts a portfolio that encompasses townships, eco sanctuaries, luxury enclaves, high-rise residences, commercial and retail developments. Incorporated in 1974, S P Setia started out as a construction
      687 words
    • 1138 13 OVERVIEW With a history that dates back to 1972, TA Corporation is an established property and construction group, with a growing suite of businesses in distribution as well as the provision of workers' training and accommodation in Singapore and the region. It entered the real estate development
      1,138 words
    • Article, Illustration
      777 14 CURRENT PROJECTS Three Balmoral, Singapore This exquisite freehold development is located in Prime District 10, along Balmoral Road. A mere three minutes' drive from Orchard Road, Newton and Stevens MRT stations, reputable schools and country clubs are also within close proximity. Each of the 40 exclusive apartments,
      777 words
    • Article, Illustration
      669 15 OVERVIEW Hatten Group is a leader in Malaysia's property development, asset management and investment industry. Incorporated in 2008, its primary focus is to establish a strong base in Malaysia, particularly in Malacca, Negri Sembilan, Johor and Pahang. Hatten's early decision to focus on Malacca has proved to be
      669 words
    • Article, Illustration
      1039 16 OVERVIEW A public listed company and one of Malaysia's leading property developers, UEM Sunrise Berhad is the flagship company for the township and property development businesses of UEM Group Berhad and Khazanah Nasional Berhad. UEM Sunrise has core competencies in macro township development; high rise residential, commercial, retail
      1,039 words
    • Article, Illustration
      981 17 OVERVIEW UMLand Built World Class United Malayan Land Bhd or UMLand is one of Malaysia's premier property deveLopers with an extensive experience and positive track record that spans across five decades. Throughout the years, the company has successfully developed and delivered a wide range of property products, from
      981 words
    • 1144 18 LL w w As we celebrate our 50 th anniversary this year, we continue to be committed to customer satisfaction and strive to deliver outstanding quality in our products, services and solutions. We'd like to thank our business partners, stakeholders and dedicated
      1,144 words
    • 1036 20  - Buying property overseas is now easier and far more lucrative Many people are driven to purchase such assets mainly for three reasons: to provide accommodation for family members, for purposes of investment and to hedge their funds. By DAVE LOO funds.By DAVE LOO T The writer is managing director, SQFT
      PHOTO: BLOOMBERG; PHOTOS: BLOOMBERG  -  1,036 words
  • Page 1 Advertisements
    • 62 1 LOCAL Cheung Kong 2 City Developments Ltd 3 EL Development 4 Frasers Centrepoint Ltd 5 GuocoLand 6 Hoi Hup Sunway 7 Koh Brothers Group Ltd 8 M+S Pte Ltd 9 MCL Land 10 Qingjian Realty (South Pacific) Group Pte Ltd 11 S P Setia 12 TA Corporation Ltd 13 Tong
      62 words

  • Page 2 Advertisements
    • 55 2 CHEUNG KONG PROPERTY HOLDINGS LIMITED (A limiled liabilily Cayman Islands company registered and listed in Hong Kong) 8th floor, Cheung Kong Center 2 Queen’s Road Central, Hong Kong Tel: (852) 2128 8888 (Hong Kong) d ■I property IS ENTERPRISES DEVELOPMENT WM (SINGAPORE) PTE LTD 150 Beach Road #17-03 Gateway West
      55 words

  • Page 3 Advertisements
    • 19 3 City Developments Limited 36 Robinson Road, City House #20-01, Singapore *****7 Tel: 6877 1818 Email: enquiries@cdl.com.sg Website: www.cdl.com.sg www.cdlhome.com.sg
      19 words


  • Page 5 Advertisements

  • Page 6 Advertisements
    • 18 6 v c GuocoLand 61 Robinson Road #06-01 Robinson Centre, Singapore *****3 Tel: 6225 9000 Email: sales_enquiry@guocoland.com.sg Website: www.guocoland.com.sg
      18 words

  • Page 7 Advertisements


  • Page 9 Advertisements
    • 24 9 TTHS A company owned by Khazanah and Temasek 3 Anson Road, #18-01 Springleaf Tower, Singapore *****9 Tel: 6329 1270 Email: enquiries@ms-developments.com Website: www.marinaone.com.sg www.duosingapore.com
      24 words


  • Page 11 Advertisements

  • Page 12 Advertisements
    • 25 12 la S P Setia International (S) Pte Ltd 1 Harbourfront Place #01-06 Harbourfront Tower One, Singapore *****3 Tel: 6271 2255 Email: Sg-sales@spsetia.com Website: www.spsetia.com livelearnworkplay
      25 words

  • Page 13 Advertisements
    • 25 13 TA Corporation Ltd An Established Property and Construction Group 1 Jalan Berseh, #03-03 New World Centre, Singapore *****7 Tel: 6392 2988 Email: tac@tiongaik.com.sg Website: www.tiongaik.com.sg
      25 words

  • Page 14 Advertisements

  • Page 15 Advertisements
    • 28 15 HATTEN GROUP 10-01, Hatten Square, Jalan Merdeka, ***** Bandar Hilir, Melaka Tel: +606-282 1828 Fax: +606-283 1827 Email: info@hattengrp.com Website: www.hattengrp.com ,0' £551 PRESTIGIOUS Property awards 2011 2016
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  • Page 16 Advertisements
    • 32 16 uemC SUNRISE A member of UEM Group UEM Sunrise Berhad LeveL U2, Block C5 Solaris Dutamas No.1 Jalan Dutamas 1 ***** KuaLa Lumpur, Malaysia Tel: +603 2718 7788 Email: customercare@uemsunrise.uemnet.com Website: http://www.uemsunrise.com
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  • Page 17 Advertisements
    • 26 17 A UM LAND UNITED MALAYAN LAND BHD No. 72, Anson Road #01-02 Anson House Singapore *****1 Tel: +65 6532 3375 Fax: +65 6532 3376 Website: http://www.umland.com.my
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