The Business Times, 15 June 2015

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Microfilm: NL33512
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    31 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, June 15,2015
    31 words
  • Article
    Lock icon MARKETS
    25 1 weekly Change STI 3,353.85 +20.18 KL COMP 1,734.37 -10.96 NIKKEI 225 20,407.08 -53.82 HANG SENG 27,280.54 +20.38 SHENZHEN B 1,574.91 -28.21 DOW 17,898.84 +49.38
    25 words
  • DAILY DIGEST
    • Article
      Lock icon The erratic outlook
      21 1 for the Reit sector has rekindled market talk of possible consolidation should market conditions worsen. TOP STORIES 2
      21 words
    • Article
      Lock icon To avoid the bad habit
      30 1 of chasing short-term performance, investors should remain disciplined to their asset diversification, said Wong Sui Jau, retirement planning ambassador at iFast Financial. TOP STORIES 3
      30 words
    • Article
      Lock icon Indian mining and energy group Vedanta Ltd
      39 1 made a US$2.3 billion offer on Sunday to buy out minority shareholders in cash-rich oil unit Cairn India, a deal that helps parent Vedanta Resources plc repay hefty debts. COMPANIES MARKETS 8
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    • Article, Illustration
      Lock icon Goldman Sachs
      27 1 which called for reform of high-speed stock trading before Michael Lewis’ Flash Boys spurred an outcry last year, is diving back in. BANKING FINANCE 13
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    • Article
      Lock icon Farmers with rights to California water
      33 1 dating back more than a century will face sharp cutbacks, the first reduction in their water use since 1977, state officials announced on Friday. ENERGY COMMODITIES 14
      33 words
    • Article
      Lock icon The value of Chinese stocks
      24 1 rose above US$10 trillion for the first time, the latest milestone for the nation’s world-beating rally. GOVERNMENT ECONOMY 17
      24 words
    • Article
      Lock icon Greece and its creditors
      26 1 are locked in last-ditch talks, with European Commission president Jean-Claude Juncker trying to broker a deal over the weekend. GOVERNMENT ECONOMY 19
      26 words
    • Article
      Lock icon Japan aims to attract
      28 1 50 per cent more tourists than it does now by 2020, the year Tokyo is due to host the Summer Olympics. GOVERNMENT ECONOMY 20
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  • Article, Illustration
    Lock icon Unclear timing of rate hike causing Reit jitters
    991 1  -  interest rate increase may or may not be priced in already; selldown still expected when rates rise By Lee Meixian leemx@sph.com.sg @LeeMeixanBT Singapore THE unclear timing of the interest rate increase is causing some volatility in the share prices of Singapore real
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  • Article
    Lock icon China inbound tourism on road to recovery
    1263 1  -  inbound tourism from China slumped last year, while businesses in the sector today slowly get back on their feet By Nikita Mathur mathurn@sph.com.sg Singapore CHINESE tourist arrivals to Singapore appear to be bottoming out, according to anecdotal accounts of travel operators and hospitality
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      88 1 8 "*****1 *****4 WHILE THE SUN SHINES What will drive greater use of solar energy in business and industry? VIEWS FROM THE TOP /10-11 r-t-r PATEK PHILIPPE GENEVE Begin your own tradition. W‘‘*\ y* e 0 e PATEK PHILIPPE GENEVE m $S} ■n C3 "18 A a 4 V c/3
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      20 1 TOPLINE Safety and security surveillance key aviation trend companies markets 4 BT INFOGRAPHICS Boeing vs Airbus flight club transport 21
      20 words
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      12 1 NEW RESTAURANT Tapas-sake bar menu with a lot of bite DINING OUT/23
      12 words
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  • TOP STORIES
    • Article
      Lock icon Reit consolidation not likely: analysts
      727 2  -  They say requisite factors for consolidation such as valuation disparity, market disruption and little room for growth are not present By leemx@sph.com.sg Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE erratic outlook for the Reit sector has rekindled market talk of possible consolidation be it smaller players
      727 words
    • Article, Illustration
      Lock icon Hospital at centre of South Korea’s Mers suspends services as death toll reaches 15
      457 2 REUTERS Seoul A SOUTH Korean hospital suspended most services on Sunday after being identified as the epicentre of the spread of a deadly respiratory disease that has killed 15 people since being diagnosed in the country
      REUTERS; PHOTO: BLOOMBERG  -  457 words
    • Article
      Lock icon Japan’s Dream Incubator to launch US$100m fund in S’pore, region
      618 2  -  DI Asian Industrial Fund II is the second fund to be jointly operated with Orix financial services group By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THIS June, Tokyo-listed venture firm Dream Incubator (DI) will launch a US$100 million fund in Singapore
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    • Article, Illustration
      Lock icon ECG to have more overseas offices, franchisees
      758 3  -  MD and CEO Eric Cheng is gunning for higher profit margins through offshore ventures By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HAVING its financial muscle beefed up with the backing of a listed parent company, ECG Property Services is in major expansion mode. It
      THE NEW PAPER FILE PHOTO  -  758 words
    • Article
      Lock icon Stay disciplined and diversified: retirement planner
      426 3  -  Taking a portfolio approach will help investors ride out market crashes By Ong Hui Qun ohuiqun@sph.com.sg Singapore TO avoid the bad habit of chasing short-term performance, investors should remain disciplined to their asset diversification, said Wong Sui Jau, retirement planning ambassador at iFast Financial.
      426 words
  • Page 2 Advertisements
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      85 2 Wine, Dine Hospitality Highlights Whiskey Empire 1 June 30 June 2015 Enjoy fine selections of single malt whiskey at the Atrium Lounge at $88++ per person. Expect 10 different types of premium whiskey on the rocks with Maker’s Mark, Kakubin, Jim Beam Honey, Teacher’s Highland Cream, Chivas Regal and Johnnie
      85 words
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  • Page 3 Advertisements
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      28 3 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
      28 words
    • Advertisement
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      368 3 tail I. ns FURTHER YOUR INVESTMENTS INTO HONG KONG WITH SHARE FINANCING AT 2.88% PA* From now till 11 August 2015, enjoy 2.88% p.a.* HKD Share Financing with OCBC Securities to further your investments and expand your reach into Hong Kong and China. On top of the attractive rate, we
      368 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Safety, security surveillance a key aviation trend: Stratech founder
      968 4  -  David Chew believes flagship product iFerret has already seized first-mover advantages.BY TTTOPLINE advantages.BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SAFETY and security surveillance have emerged as a key aviation trend in 2015, spurred by recent aviation incidents and the increased pursuit by countries
      PHOTO: SHAWN TEO  -  968 words
    • Article, Illustration
      Lock icon Proxy access: when shareholders nominate directors
      923 4  -  By Adrian Chan T The writer is the first vice-chairman of the Singapore institute of Directors T For more articles, go to btd.sg/BMatters THOUGH directors are elected by shareholders, the nominations for their election are usually made by the board of directors following an
      PHOTO: BLOOMBERG  -  923 words
    • Article
      Lock icon DB Platinum
      9 4 Crod Branchen Stars R1C-A 08/06/2015 236,72 EUR
      9 words
    • Article, Illustration
      Lock icon Buying remains high, selling rebounds
      1687 5  -  5 By Robert Halili T The writer is managing director, Asia insider Limited THE buying among directors was high for the third straight week while the selling rebounded, based on filings on Singapore Exchange in the second week of June. A total of 26 companies
      BT Graphic  -  1,687 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 6 STI Catalist WEEKLY Straits Times Index June 12,2015 3,353.85 +20.18 (+0.61%) Current streak 3 days Week high 3,353.85 Week low 3,295.13 52-week high 3,525.19 (Apr 17, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist index June 12,2015 677.54 -11.57 (-1.68%) Current streak 1 day Week high 684.81 Week
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    • Article, Illustration
      Lock icon FOMC main focus of another difficult week
      613 6  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Tuesday and Wednesday Federal Open Market Committee (FOMC) meeting will probably dominate most market-related headlines in the early part of the week, especially since unlike some of the others this meeting is followed by a presentation
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    • Article
      Lock icon STI STOCKS
      307 6 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -2 247/237 271 219 6 6195.5 CapitaLand 339 -2 344/335 379 293 12.4 2.7 *****.3 CapitaMall Trust 212 unch 214/207 228 188.5 5.1 7355.8 CityDev 976 -1 997/972 1095 915 11.7
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    • Article
      Lock icon MOST ACTIVE
      33 6 VOLUME Noble 479,943,000 Debao Property 259,870,500 Albedo 200,634,100 IHC 195,620,100 StratechGroup 186,326,200 Market volume 7,665,819,000 VALUE DBS Grp 528,668,750 Singtel 438,763,258 UOB 344,705,533 Noble 322,883,401 OCBC Bank 281,812,702 Market value 5,805,153,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 6 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 340 +2 1187 343/335 355/319 340/342 IS MS INDIA US$ US704 -20 840 734/704 1000/696 703/706 88 UETF SSE50China 334 +16 645 340/323 340/140 334/337 104.4 DBXT MSRussia US$ US209 +8 186 212/201 302/140
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    • Article
      Lock icon COMPANY MEETINGS
      142 6 COMPANY MEETING PLACE DATE TIME Communication Design Intl E The Chevrons 48 Boon Lay Way 18-Jun 10.00am Amtek Engineering E Holiday Inn S.pore Atrium 317 Outram Road 19-Jun 3.00pm Halcyon Agri Corp E RELC International Hotel 30 Orange Grove Road (Off Orchard Road) 19-Jun 10.00am KSH Hldgs E
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jun 12 VALUE CLOSE BT OB/OS -763.00 +7.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 -77.00 FTSE ST Mid Cap 763.34 -0.68 FTSE ST Small Cap 480.79 -0.24 FTSE ST All Share 804.33 +1.02 FTSE ST China Top 207.32 -1.70 FTSE ST China 247.25 -0.94 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 6 STI FTSE ST All-Share WEEKLY ftse ST All-Share index June 12,2015 804.33 +1.53 (+0.19%) Current streak 3 days Week high 804.33 Week low 792.59 52-week high 845.85 (Apr 17, 2015) 52-week low 766.44 (Oct 17, 2014)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 6 STI MSCI EAFE WEEKLY MSCI EAFE index June 12,2015 1,890.67 +24.87 (+1.33%) Current streak 1 day Week high 1,895.53 Week low 1,858.46 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 48 94 32 8 21 13 56 115 45 Commerce 17 36 24 5 8 5 22 44 29 Tpt/Stor/Comms 11 26 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 77,923 77,923 325,446 325,446 Manufacturing 683,891 437,643 1,121,534 452,533 25,891 478,424 Commerce 953,349 510,454 1,463,803 570,809 20,897 591,706 Tpt/Stor/Comms 654,594 3,476 658,070 961,075 244 961,319 Finance 121,361 365 121,726 1,299,236 68 1,299,304 Construction 150,698 43,818
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    • Article
      Lock icon Oil prices rally; metals mixed
      784 6 COMMODITIES London WORLD oil prices rallied last week, supported by a drop in US stockpiles, while traders on the metals markets took their lead from movements in the US dollar and Chinese data. I OIL Crude futures rallied as data showed a much bigger-than-expected drop
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    • Article
      Lock icon GAINERS
      76 6 BY CENTS CLOSE UP 52w high/low DBXT Vietnam US$ 2497 141.7 4.4 3100/2250 DBS Grp 2098 77.0 3.8 2140/1672 GLD US$ ***** 58.0 0.4 *****/***** DBXT CSI300 US$ 1471 55.3 2.9 1471/626 UOB 2325 46.0 2.0 2505/2153 BY PERCENTAGE CLOSE UP 52w high/low Joyas W*****5 0.7 250.0 0.5 2/0.1
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    • Article
      Lock icon LOSERS
      77 6 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -840.6 -4.7 *****/***** SPDR S&P500 US$ ***** -334.6 -1.2 *****/***** DBXT AUDBods AU$ ***** -297.5 -1.4 *****/***** JMH USD 5790 -291.4 -3.6 6788/5653 DBXT ASX200 US$ 3589 -226.7 -4.5 4403/3530 BY PERCENTAGE CLOSE DOWN 52w high/low ChasenHldg W*****0 0.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 6 VOL CLOSE($) CHANGE LiHengChem 1 0.086 0.580 -0.095 -14.07 China Flexpack 951.0 0.010 -0.002 -16.67 Albedo 164,534.3 0.016 +0.003 +23.08 IPCCorp 1 1.512 1.670 +0.340 +25.56 Allied Tech 521.1 0.021 +0.003 +16.67 Stamford Tyres 110.0 0.330 -0.020 -5.71 Roxy-Pacific 1,859.7 0.485 -0.040 -7.62 Goodland 1,470.7 0.305 -0.025 -7.58
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    • Article
      Lock icon Inflation fears recede in Malaysia, positive for ringgit
      376 7  -  CURRENCIES By Daniel Ang T The writer is an investment analyst at Phillip Futures WITH Malaysia inching towards deflation with low oil prices, the implementation of the country’s recent GST policy could be viewed as a timely event. However, considering that oil
      376 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 7 Jun 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 4.787 0.687 5.979 49.403 102.782 0.954 8.615 2.899 1.105 78.435 34.951 1.041 9.588 0.721 23.873 26.036 0.497 0.771 Canada 1.054 5.043
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      • Article, Illustration
        Lock icon HANG SENG
        3 7 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 7 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITEWEEKLY
        3 7 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 7 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 7 Jun 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0401 1.0410 0.7709 0.7715 Canadian dollar 1.0962 1.0964 0.8125 0.8125 Euro 1.5137 1.5142 1.1219 1.1222 NZ dollar 0.9413 0.9421 0.6977 0.6982 Sterling pound 2.0922 2.0929 1.5507 1.5511
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 7 Jun 12 S$ Bid Offer 1-month 1.3497 1.3501 2-months 1.3505 1.3509 3-months 1.3513 1.3518 6-months 1.3530 1.3537 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        205 7 Jun 12 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 unch ***** 1 0 2 DBS MB eCW*****5 16.2 3.9 ***** 0.1 2050 3 UOB MB ECW*****1 12.8 1.7 ***** 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 7 In local curr In S$ In US$ dy yr dy yr dy yr Jun 12 Index Change Change Change Change Change Change World Preliminary 1339.5 -0.6 5.0 -0.7 5.1 -0.5 3.6 EAFE Preliminary 1082.3 -0.7 9.7 -0.5 8.0 -0.3 6.5 Europe Preliminary 1496.9 -1.1 8.3
        373 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        413 7 Jun 12 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.27 *****.06 *****.99 Jun15 *****.50 *****.00 *****.50 *****.00 *****9 *****6 Jul15 *****.00 *****.00 *****.00 *****.00 8868 ***** NIKKEI 225 INDEX FUTURES SPOT *****.78 *****.26 *****.19 Sep15 *****.00 *****.00 *****.00 *****.00 *****1 *****5 Dec15
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 Jun 12 $S Offer Bid 0vernight 0.10 0.05 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.05 US$ Offer Bid 7 days 0.18 0.08 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • Article
        Lock icon SIBOR
        36 7 Jun 12 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 7 Jun 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.37 102.45 102.43 5-Year N*****0H 1.625 01-Oct-19 98.91 10-Year NX*****Z 2.375 01-Jun-25 97.24 97.45 97.35 15-Year NY*****E 2.875 01-Jul-29 99.87 100.40 99.95 20-Year NZ*****V 3.375 01-Sep-33 105.18 105.60 105.25
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 7 Jun-12 Price Net change change Last Trade Agricultural Jun-12 CBOT Soybeans (US cents/bu) 940.00 unch 0.00% 14/07/2015 CBOT Soybean Oil (US cents/lb) 33.14 -0.15 -0.45% 14/07/2015 CBOT Wheat (US cents/bu) 503.75 -0.50 -0.10% 14/07/2014 Jun-12 LIFFE Cocoa (£/tonne) 2102.00 15.00 0.72% 16/07/2015 LIFFE Coffee (US$/tonne) 1722.00 11.00 0.64%
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    • Article
      Lock icon Vedanta offers US$2.3b for Cairn India minorities
      537 8 The deal which is at 7.3% premium to the oil producer’s Friday closing price is expected to close in Q1 2016 REUTERS Mumbai INDIAN mining and energy group Vedanta Ltd made a US$2.3 billion offer on Sunday to buy out minority shareholders in
      REUTERS  -  537 words
    • Article, Illustration
      Lock icon Hands up for Citi record
      138 8 Professor Gerry George, dean, Lee Kong Chian School of Business, Singapore Management University; Seah Kian Peng, vice-chairman of South East Community Development Council; Michael Zink, head of Asean and Citi country officer for Singapore and Kia Siang Wei, general manager of South East Community Development
      138 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1344 8 Payment Ex Rec Pay Ann (cts) date date date date Accordia Golf Tr aj 5.710 02-Jun 04-Jun 15-Jun 19-May Advanced Hldgs ak 0.300 16-Jun 18-Jun 29-Jun 10-Jun AIMS AMP Cap Ind Reit dk 2.920 06-May 08-May 24-Jun 29-Apr AIMS AMP Cap Ind Reit aj 0.030 06-May 08-May 24-Jun
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1337 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 11.83 0.96 0.70 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 12.78 1.69 1.50 Ascendas Reit 1.85 1.85 13 0.15 16.44
      1,337 words
    • Article
      Lock icon PRIME LENDING RATES
      271 8 Jun 12 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bank of East Asia 6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Bank of Singapore BNP Paribas
      271 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      123 5 IG offers a wide range of products to complement your trading sentiment exposure to China 300, China A50, China H-shares, Hong Kong HS50, USD/CNH and more. Take the next step in trading at IG.com.sg or call us at +65 6390 5118 Losses can exceed your deposits. Ensure you understand the
      123 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      165 7 Trade NDFs Online with Phillip Futures An Asian Financial House with a Global Reach -i.t k^i 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 PhillipCapital Your Partner In Finance This advertisement is for general information only and does not constitute a recommendation, offer or
      165 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon US home mortgages still a concern after property bust
      1025 9 15.4% of owners in first quarter owe more on their loans than their properties’ worth: Zillow BLOOMBERG Washington IT’S the one chart that keeps Stan Humphries up at night. A decade after US home sales peaked, 15.4 per cent of owners
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,025 words
    • Article, Illustration
      Lock icon Harder for older US workers to pay off mortgage
      1350 9 Sharp fall in home prices, high consumer debt, unexpected expenses add to their woes NYT New York LIKE Archie Bunker, who celebrated paying off his home mortgage by burning his documents in a 1975 episode of All in the Family, many
      NYT; PHOTO: NYT  -  1,350 words
    • Article
      Lock icon Jump in Swedish house prices ‘worrying’: minister
      409 9 BLOOMBERG Stockholm THE jump in Swedish house prices revealed in a Friday report is grounds for concern and policy makers are looking for ways to deal with the development, Finance Minister Magdalena Andersson said. “It’s a worrying development,” Ms Andersson said in Stockholm.
      BLOOMBERG  -  409 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      31 9 $1.50psf $350psf ONWARDS PAYA UBI INDUSTRIAL PARK LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11
      31 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon WHILE THE SUN SHINES
      4101 10 THIS WEEK’S TOPIC What will drive greater use of solar energy in business and industry? Gerald Foo President Walton international Group (S) Pte Ltd SINGAPORE is located one degree north of the equator and we have sunlight all year round. With an average annual solar irradiance
      PHOTO: MY PAPER FILE  -  4,101 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      119 11 WORLD'S PREMIER AUCTIONEERS OF MODERN AND VINTAGE TIMEPIECE 6 WWW.ANTIQUORUM.COM SINGAPORE PREVIEW VALUATION DAY 16 th June 2015, Tuesday 10am-6pm Bk **BY APPOINTMENT** FOUR SEASONS HOTEL SINGAPORE Paterson Room, level 6, 190 Orchard Boulevard, Singapore, *****6 Tel: +852-2522-4168 DATE TIME HONG KONG 7-28 June 2015, Saturday-Sunday First Session: 11:00am Second
      119 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Awakening the sleeping tiger
      2301 12  -  India can achieve a level of per capita income by the mid-2020s similar to that of China today but urgent reforms are needed.BY needed.BY AIDAN YAO The writer is a senior emerging Asia economist, AXA Investment Managers INDIA missed the high-speed growth train from 1960 to
      FILE PHOTO  -  2,301 words
  • Page 12 Advertisements
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      113 12 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Goldman dives back into high-speed stock trading
      689 13 It had called for reforms in the practice earlier, saying risks were ‘amplified by the dramatic increase in the speed of execution and trading communications’ New York GOLDMAN SACHS, which called for reform of high-speed stock trading before Michael Lewis’ Flash Boys spurred
      PHOTO: REUTERS  -  689 words
    • Article
      Lock icon Fund managers’ opaque practices give retirees the short end
      1339 13 NYT New York WHO comes first: the investors or the person who manages their money? That question is crucial for any investor. But it poses a special challenge for retired US firefighters, police officers, teachers and other employees who may not
      NYT  -  1,339 words
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      1387 13 ASIA FASHION HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Asia Fashion Holdings Limited (“the Company”) will be held at Maxwell Chambers Pte Ltd, Room 301, Level 3, 32 Maxwell Road,
      1,387 words
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  • ENERGY & COMMODITIES
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      1549 14 The Business Times NOTICES Toll free 1800-289-8822 Email noticesfSsph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BALS SINGAPORE PTE. LTD. REG. NO. *****2408Z (In Members’ Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies
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  • TECHNOLOGY
    • Article
      Lock icon Virtual reality gets real at US video game expo
      736 15 Aside from blockbuster video games, trade show will also showcase the latest in stream play AFP San Francisco VIRTUAL reality and the battle to stream play online will take centre stage at an Electronic Entertainment Expo (E3) video game extravaganza kicking
      AFP  -  736 words
    • Article
      Lock icon RadioShack files bankruptcy plan after stores’ sale
      296 15 BLOOMBERG Wilmington RADIOSHACK Corp filed a bankruptcy liquidation plan explaining how the remaining assets of the onceiconic consumer-electronics retailer will be distributed. The plan follows the sale of about 1,700 of the Fort Worth, Texas-based chain’s stores as well as the rights to
      BLOOMBERG  -  296 words
    • Article
      Lock icon Imperva CEO aims to wrest back security deals from IBM
      756 15 BLOOMBERG New York A YEAR ago, Imperva Inc executives were in no position to trash-talk. The stock was in the doldrums and the data-security company was losing out on business to bigger rivals such as International Business Machines Corp (IBM).
      BLOOMBERG  -  756 words
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      Lock icon Twitter co-founder returns as chief, to shrugs and quips
      1197 15 NYT San Francisco FOR the past two years, the normally dapper Jack Dorsey has hardly been seen at the offices of Twitter, the social networking company he co-found-ed, even though he works a block away. So he shocked many when he
      NYT; PHOTOS: NYT  -  1,197 words
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  • CONSUMER
    • Article, Illustration
      Lock icon More merger options for both T-Mobile and Dish
      1084 16 T-Mobile shares have more than doubled since 2013, while Dish has risen 86 per cent over the same period BLOOMBERG New York FOR T-Mobile US Inc, a deal with satellite-TV provider Dish Network Corp isn’t the only option and it may not
      BLOOMBERG; PHOTO: AFP  -  1,084 words
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      Lock icon Organic farmers object to Whole Foods new ratings system
      1132 16 They say store is using its credibility to convey that conventionally grown produce is just as good NYT New York LIKE a whale and the myriad barnacles clinging to its sides, Whole Foods Market and organic farmers have long had a
      NYT; PHOTO: NYT  -  1,132 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China’s stock market value tops US$10t for first time
      608 17 Companies with a primary listing in China saw their value soar US$6.7t in 12 months, Bloomberg data shows BLOOMBERG Hong Kong THE value of Chinese stocks rose above US$10 trillion for the first time, the latest milestone for the nation’s world-beating
      BLOOMBERG; PHOTO: BLOOMBERG  -  608 words
    • Article
      Lock icon Blatter may seek to stay on as Fifa boss: source
      440 17 REUTERS Geneva SEPP Blatter may seek to stay on as the president of Fifa, a Swiss newspaper reported on Sunday, less than two weeks after he said he would step down over a major corruption scandal at the organisation. However,
      REUTERS  -  440 words
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      Lock icon China to end entry permit requirement for Taiwanese
      253 17 Beijing CHINA will lift an entry permit requirement for Taiwanese travelling to the mainland, the Xinhua news agency reported on Sunday, part of a wider plan to reduce barriers between the two communities. Yu Zhengsheng, chairman of the National Committee of the
      AFP  -  253 words
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      Lock icon China to extend economic diplomacy to EU infrastructure fund
      866 18 Multi-billion dollar pledge is expected to come with a request for return investment in its “One Belt, One Road” plan REUTERS Brussels CHINA will pledge a multi-billion dollar investment in Europe’s new infrastructure fund at a summit on June 29 in
      REUTERS; PHOTO: REUTERS  -  866 words
    • Article
      Lock icon Doubts over EU’s proposals for saving US trade deal
      720 18 REUTERS London THE European Union (EU) has more work to do, experts say, if it hopes to seal a transatlantic trade deal that has been criticised for leaving governments open to international legal action from companies affected by changes to tax
      REUTERS  -  720 words
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      Lock icon Mixed reaction in Asia over US trade deal setback
      659 18 WP Tokyo THE failure of a package of trade-relat-ed measures on Friday in the US House of Representatives was a blow to President Barack Obama, but it was also a blow to his ally, Japanese Prime Minister Shinzo Abe, half a
      WP; PHOTO: AFP  -  659 words
    • Article, Illustration
      Lock icon Greece and its creditors engage in last-ditch talks
      812 19 EC’s Juncker is trying to broker a deal; the objective is to reach an agreement before markets open on Monday BLOOMBERG Brussels GREECE and its creditors are locked in last-ditch talks, with European Commission (EC) president Jean-Claude Juncker trying to broker a
      BLOOMBERG; PHOTO: AFP  -  812 words
    • Article
      Lock icon Italy threatens to ‘hurt’ Europe if not given help with migrants
      660 19 AFP Rome ITALY threatened on Sunday to turn to a Plan B to deal with migrants which “would hurt Europe” if the country is not given greater help with the crisis, as Austria and France expelled asylum seekers back
      AFP  -  660 words
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      Lock icon Ghost villages mar Slovakia’s economic success
      746 19 AFP Harakovce, Slovakia SLOVAKIA has been a star performer in Central Europe with a boom in car manufacturing driving brisk economic growth, but ghost villages haunt the countryside as people leave in search of jobs. A white church has watched over Harakovce since villagers
      AFP; PHOTO: AFP  -  746 words
    • Article
      Lock icon Australia’s prolonged growth hinders deficit action
      352 19 BLOOMBERG Sydney AUSTRALIA’S prolonged stretch of economic growth has numbed households to the risks of budget deficits and debt, complicating efforts to adjust policy, said David Murray, head of the government’s financial system inquiry. Prime Minister Tony Abbott has come under fire for appearing
      BLOOMBERG  -  352 words
    • Article, Illustration
      Lock icon Japan targets 20m tourist arrivals by 2020
      740 20  -  Tourism industry seen adding 4t yen to GDP and boosting annual growth by nearly one percentage point in 5 years By Anthony Rowley btworld@sph.com.sg Tokyo THE habit of “picking winners” through state-nurturing of selected industries went out of fashion several decades ago in
      PHOTO: BLOOMBERG  -  740 words
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      Lock icon Japan takes to the streets against Abe’s security bills
      321 20 AFP Tokyo THOUSANDS of Japanese rallied on Sunday in protest at plans by Prime Minister Shinzo Abe to bolster the role and scope of the pacifist nation’s military. The protest, which surrounded the parliament building, was held as the nationalist premier
      AFP; PHOTO: AFP  -  321 words
    • Article
      Lock icon US data better, but Fed likely to hold off on rate rise
      522 20 AFP Washington EVIDENCE is piling up that the US economy is rebounding from the past few months’ stall, with consumers spending more, a rebound in job creation, and wages beginning to rise. But analysts believe the Federal Reserve
      AFP  -  522 words
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      Lock icon Eurosceptics complicate Cameron’s referendum strategy
      644 20 AFP London THE diehard eurosceptics whom British Prime Minister David Cameron tried to appease by promising a referendum on leaving the EU look set to cause him a series of headaches now the vote is on. Mr Cameron is in talks with fellow leaders to
      AFP; PHOTO: BLOOMBERG  -  644 words
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      110 17 A IT'S ALL ABOUT mm I •liV M r:r k if I ■V\ V Au 'T* u :a»n i SU1 i 3 Tb 15 a p? <& QO-IT-YOURSELF know YOURSELF c INTRODUCE YOURSELF pRESEN T YOURSELF |MPR0 VE YOURSELF TIME DAY 1 10am-7pm U JULY VENUE DAY 2 Marina Bay
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      202 18 Most investors are not aware that investing in REITs actually brings higher dividend yields as compared to investing in stocks. If we manage to purchase the REITs at undervalued prices, our investment gains will be much more as we are able to profit from the appreciating REITs prices as well.
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      30 18 SINGAPORE BUG AWARDS f/r jp m. gp m m 2 0 15 WHICH WILL BE THE TOP 10 MOST POPULAR BLOGS? YOU v H o^of Y B/u-ray 30 www.omy.sg sgblogawards.omy.sg
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      120 20 REDEFINING IDEAS printpack+sign Singapore’s printing, packaging signage business exhibition V Printing Innovation Printing Equipment Materials Large Format Printing Offset Printing Etc. J□DELE 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo Convention Centre Interested to exhibit? Tel: (65) 6848 5939 Email; PrintPackSign@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A
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      203 20 Inthisseminar,wewillsharetheinvestmentclocks(preferred timing of entries and exits) for the investment markets of stocks, properties, commodities and forex. We will look at this from the perspectives of both traders and investors. We will also explore the current investment opportunities in the global stock markets of Singapore, US, Hong Kong and China with
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1913 22 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) SIN PKL KUC KK JKT SUR OCEAN PROCEED 1 60 17/6 19/6 21/6 23/6 POSITIVE STAR 107 100 28/6
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      104 22 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via s|£i maritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
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  • DINING OUT
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      Lock icon Tapas-sake bar menu with a lot of bite
      1055 23  -  Boruto’s sake accompaniments go beyond predictable staples. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Boruto 80 South Bridge Road #01-01 Golden Castle Building Tel: 6532-0418 Open from Mon to Sat: 4.30pm to 12am WHEN it comes to Japanese restaurants in Singapore, we
      PHOTOS: JAIME EE  -  1,055 words
  • Page 23 Advertisements
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      63 23 Our App cannot tell you how fast you ran, but we certainly can bring you up to speed in no time. DOWNLOAD THE ALL-NEW ASIAONE APP All the top publications in one FREE app. The newAsiaOne mobile app gives you instant access to the latest news, interesting lifestyle features and
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon A two-horse race for the top position
      717 24  -  Thailand leads with 87 gold medals in SEA Games, ahead of Singapore’s record haul of 82; War Elephants aim to beat Myanmar for 15th football title By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WITH just two days of competition left in the SEA Games,
      PHOTO: LEE U-WEN  -  717 words
    • Article
      Lock icon ‘Connected’ bikini sends out sunscreen alert
      392 24 AFP Mulhouse, France THE Internet of Things connecting everyday items with sensors is hitting the beach in time for the northern hemisphere’s summer with a bikini that says when it’s time to apply more sunscreen. The made-to-measure invention comes from France the country that
      AFP  -  392 words
    • Article
      Lock icon World’s biggest wine fair eyes African tipplers
      388 24 Bordeaux THE world’s biggest wine fair was set to open in Bordeaux, the wine capital of France, over the weekend, with vintners eyeing new tipplers in Africa as global consumption rises in Asia and elsewhere. The US and China are the world’s top
      388 words
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      Lock icon Azerbaijan hosting European Games has its pros and cons
      863 24 NYT Paris IT has long seemed a curiosity that Europe, the continent where the Olympics were created and revived, did not have its own multi-sport extravaganza. Other continental blocs have had such events for decades: the Pan-Ameri-can Games, the Asian Games,
      NYT; PHOTO: REUTERS  -  863 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      340 24 CRYPTIC CROSSWORD Across 1 Decision given by Italian who made notes before court (7) 5 Nickname promises to be questionable (7) 9 Over half of publicity is allowable (5) 10 Lying about joining with criminal (9) 11 Percussion in a medley above audible limit (10) 12 Stop in area to
      340 words