The Business Times, 23 June 2015

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33513
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • 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 Tuesday, June 23,2015
    31 words
  • DAILY DIGEST
    • Article
      Lock icon If Mers spreads
      25 1 further in Asean, airline, hotel and mass public transport stocks would be among the hardest hit, says a report. TOP STORIES 2
      25 words
    • Article
      Lock icon Eurozone finance ministers
      33 1 have welcomed new Greek proposals but say they require detailed study and it will take several days to determine if they go far enough to avert a default. TOP STORIES/4
      33 words
    • Article, Illustration
      Lock icon HSBC joins the Nets
      18 1 payment network as it strives to expand its retail presence in Singapore.TOP STORIES 6
      18 words
    • Article
      Lock icon Previously owned US homes
      23 1 sold in May at the fastest pace since November 2009, indicating budding momentum in the residential market.TOP STORIES 6
      23 words
    • Article
      Lock icon Merger and acquisition
      21 1 deal volumes in Singapore dropped in Q2 after a relatively robust start to the year. COMPANIES MARKETS 8
      21 words
    • Article
      Lock icon Home renters
      15 1 today may switch to buying in 2016, says a report. REAL ESTATE 13
      15 words
    • Article
      Lock icon A group of
      29 1 government anti-money laundering agencies say financial institutions have not done enough to police suspicious activity by officials at soccer’s global governing body Fifa. BANKING FINANCE 16
      29 words
    • Article
      Lock icon Williams Cos
      33 1 has rejected a US$48 billion stock-based takeover offer from pipeline magnate Kelcy warren that aims to derail a consolidation of the North American natural gas and oil hauler. ENERGY COMMODITIES 17
      33 words
    • Article
      Lock icon Marking an apparent
      35 1 shift of emphasis, Prime Minister Shinzo Abe says he will launch a formal dialogue with Japanese companies with the aim of persuading them to step up productivity-boosting capital investment. GOVT ECONOMY 23
      35 words
  • Article
    Lock icon MARKETS
    26 1 Monday Change STI 3,315.13 +14.17 KL COMP 1,732.76 +10.99 NIKKEI 225 20,428.19 +253.95 HANG SENG 27,080.85 +320.32 SHENZHEN B CLOSED DOW (11.45am EDT) 18,166.06 +150.11
    26 words
  • Article
    Lock icon Uncertainties crimp fundraising in H1 but rebound seen in next half
    948 1  -  A major catalyst would be China’s ‘One Belt, One Road’ initiative, which could drive a cycle of growth for Central Asian countries By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore PERIODS of uncertainty are never good times to raise money, and
    948 words
  • Article, Illustration
    Lock icon Surbana Jurong buys two companies and is scouring for more
    811 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SURBANA Jurong, the company formed from the merger of Surbana International Consultants Holdings and Jurong International Holdings, has acquired two companies in its drive to become an Asian powerhouse in urbanisation and infrastructure consultancy.
    PHOTO: MIKE LEE/THE STRAITS TIMES  -  811 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      265 1 8 "*****1 *****4 HOMEGROWN FUNDRAISING US$4m Series C funding for Tech in Asia COMPANIES MARKETS 12 ALL IN THE FAMILY Survey finds how world’s largest family businesses plan for the future SME 28 SINGAPORE HOUSING PRICES ‘Extremely difficult’ for govt to support housing prices: BNP US RACE RELATIONSHIPS Black and
      265 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Tourism-related stocks will be hardest hit by Mers: Nomura
      631 2  -  But impact of any outbreak will be milder than Sars, say both the Japanese firm and DBS By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore IF the Middle East Respiratory Syndrome (Mers) spreads further in Asean, airline, hotel, and mass public transport stocks
      PHOTO: AFP  -  631 words
    • Article
      Lock icon Malaysia steps up screening for Mers at entry points
      262 2 REUTERS Kuala Lumpur MALAYSIA has stepped up health screenings at all entry points into the country, after the first case of Middle East Respiratory Syndrome (Mers) was reported in neighbouring Thailand last week. The South-east Asian nation, which shares a 650
      REUTERS  -  262 words
    • Article
      Lock icon Euro is poor guide to fate of single-currency project
      375 4  -  &SH REUTERS BREAKINGVIEWS By Swaha Pattanaik THE Greek crisis is compromising currency traders’ reputation for being the first and fastest to react to big economic or political news. The prices of southern eurozone government bonds and of European equities have fallen
      375 words
    • Article, Illustration
      Lock icon Eurozone welcomes new Greek debt plans
      810 4 But it would take several days to see if they can lead to an agreement to avert a default REUTERS Brussels EUROZONE finance ministers welcomed new Greek proposals for a cash-for-reform deal on Monday but said they required detailed study and it would take
      REUTERS; PHOTO: REUTERS  -  810 words
    • Article, Illustration
      Lock icon HSBC S’pore joins Nets payments network
      546 6  -  It is the latest foreign bank after Stanchart and Maybank to offer this payment facility By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore HSBC has joined the Nets payment network as it strives to expand its retail presence in Singapore. Effective Tuesday, HSBC debit cardholders
      PHOTO: BLOOMBERG  -  546 words
    • Article
      Lock icon Existing home sales in May climb to 51/2-year high
      771 6 LATEST US DATA BLOOMBERG Washington PREVIOUSLY owned US homes sold in May at the fastest pace since November 2009, driven by first-time buyers and indicating budding momentum in the residential real estate market. Closings on existing properties, which usually occur a
      BLOOMBERG  -  771 words
    • Article, Illustration
      Lock icon Weaker shareholder rights may prove ominous for Hong Kong
      404 6  -  *|CS REUTERS BREAKINGVIEWS By Peter Thal Larsen DEMOCRACY has had a bad few days in Hong Kong. First the former British colony shelved its pledge to grant citizens universal suffrage. Now, the Hong Kong stock exchange is getting ready to ditch
      PHOTO: BLOOMBERG  -  404 words
    • Article, Illustration
      Lock icon ‘Extremely difficult’ for govt to support housing prices: BNP
      732 6  -  Bank estimates that private property prices could fall a further 10% over next two years By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BNP Paribas in a Monday report said that it believes that immigration policies and the incoming private housing supply will
      BT Graphics; Source: CEIC, BNP Paribas  -  732 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      405 2 Appointment of IG Aviation Singapore as Raya Airways' GSA Singapore IG Aviation Singapore Pte Ltd, an associate company of IG Group, is pleased to announce that we have been appointed as the GSA in Singapore for Raya Airways Sdn Bhd. We believe that this milestone partnership with Raya Airways will
      405 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      58 4 ALSO AVAILABLE IN i7 VPRO ALSO AVAILABLE IN i7 VPRO Ultrabook, Celeron, Celeron Inside, Core Inside, Intel, Intel Logo, Intel Atom, Intel Atom Inside, Intel Core, Intel Inside, Intel Inside Logo, Intel vPro, Itanium, Itanium Inside, Pentium, Pentium Inside, vPro Inside, Xeon, Xeon Phi, and Xeon Inside are trademarks of
      58 words
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Singapore M&A deals fall sharply in Q2
      449 8  -  Volume of completed deals that involved a Singapore party fell 37% to US$9.8b compared to the year-ago period By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MERGER and acquisition (M&A) deal volumes in Singapore dropped in the second quarter after a relatively robust start to
      Source: Thomson Reuters  -  449 words
    • Article, Illustration
      Lock icon Amtek seeks new markets to expand; majority owners mull divestment
      452 8 CVC Capital and Standard Chartered PE are exploring a sale of their stake: sources BLOOMBERG Singapore AMTEK Engineering Ltd, a Singapore-based maker of components for Tesla Motors Inc, is looking to markets outside Asia as its majority shareholders consider a
      BLOOMBERG  -  452 words
    • Article
      Lock icon Li & Fung said to form JV with 2 China retailers
      172 8 Li Fung said to form JV with 2 China retailers BLOOMBERG Hong Kong LI Fung Ltd plans to form a joint venture with two Chinese department store operators to help the retailers develop their own brands of clothes and home products, according to a person familiar with the matter. Li
      BLOOMBERG  -  172 words
    • Article, Illustration
      Lock icon Singtel CEO’s FY2015 pay up 19% at S$5.6m
      584 9  -  Bulk of her total package rise comes from variable bonus; StarHub CEO gets full-year total of S$3.26m and M1 chief S$1-1.25m By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore GROUP chief executive officer Chua Sock Koong of Singapore Telecommunications (Singtel) received a 19 per
      FILE PHOTO  -  584 words
    • Article
      Lock icon Universal Medical seeks US$546m in HK IPO
      182 9 BLOOMBERG Hong Kong Universal Medical Financial Technical Advisory Services Co, a Chinese lessor of medical equipment backed by billionaire Cheng Yu-tung, is seeking as much as US$546 million from a Hong Kong initial public offering. The Beijing-based company is offering 423.2 million shares
      BLOOMBERG  -  182 words
    • CORPORATE DIGEST
      • Article
        Lock icon Singapore Technologies Engineering
        60 9 SINGAPORE Technologies Engineering’s aerospace arm, ST Aerospace, has injected some S$5.29 million into its subsidiary, ST Aerospace Aircraft Seats, as working capital for its operations. Based in Singapore and marketed as part of ST Aerospace’s global network for integrated cabin interiors, ST Aerospace Aircraft Seats offers the
        60 words
      • Article
        Lock icon Roxy-Pacific Holdings
        140 9 ROXY-PACIFIC Holdings has agreed to buy a 49 per cent stake in a plot of land in Jakarta for 33.38 billion rupiah (S$3.3 million) with intention to develop a hotel, the property development and hospitality group announced on Monday. Roxy-Pacific's stake will be part of a larger consortium
        140 words
      • Article
        Lock icon China Environmental Resources Group
        96 9 CHINA Environmental Resources Group plans to raise net proceeds of about HK$116.3 million for working capital through a placing of new shares at HK$0.63 apiece. The new shares represent 20 per cent of the tree and fertiliser products maker’s existing issued share capital. The placement price
        96 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index June 22,2015 3,315.13 +14.17 (+0.43%) Current streak 2 days Day high 3,330.59 Day low 3,311.12 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index June 22,2015 675.15 +2.08 (+0.31%) Current streak 2 days Day high 678.31 Day low
      63 words
    • Article, Illustration
      Lock icon Athens’ reform proposal lifts Asian bourses
      690 10  -  But the reform deal was still to be discussed at a European summit in Brussels late on Monday; STI’s rally was meanwhile driven mainly by Singtel STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT DEAL or no deal? No definitive answer had arrived by the time
      Source: Bloomberg  -  690 words
    • Article
      Lock icon STI STOCKS
      309 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 -1 249/244 271 219 6 6174.2 CapitaLand 339 +3 345/335 379 293 12.4 2.7 *****.4 CapitaMall Trust 210 +1 212/209 228 188.5 5.2 7286.4 CityDev 960 +2 967/958 1095 915 11.5
      309 words
    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Yuuzoo 75,101,400 Healthway Med 59,189,900 Magnus Energy 54,818,300 Xpress 49,273,900 IHC 46,607,100 Market volume 1,410,739,000 VALUE Singtel 106,433,845 Global Logistic 56,368,812 CapitaLand 47,539,983 CityDev 45,635,343 HongkongLand USD 44,507,717 Market value 1,010,078,000
      34 words
    • Article
      Lock icon SGX ETFs
      112 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 293 +5 227 294/288 340/140 293/298 91.6 Nikko AM STI ETF 343 cd +2 216 344/343 422/324 342/343 8.3 STI ETF 337 +2 179 339/335 355/319 337/338 IS MS INDIA US$ US750 +12 82
      112 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Jun 22 VALUE CLOSE BT OB/OS -252.00 +98.00 BT CADI -*****.00 -37.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 766.00 -1.67 FTSE ST Small Cap 481.45 -0.16 FTSE ST All Share 797.56 +2.37 FTSE ST China Top 205.87 -0.48 FTSE ST China 241.69 +0.75 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index June 22,2015 797.56 +2.37 (+0.30%) Current streak 2 days Day high 800.80 Day low 797.48 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index June 19,2015 1,882.91 +1.52 (+0.08%) Current streak 2 days Day high 1,891.21 Day low 1,878.86 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 41 51 42 11 11 9 52 62 51 Commerce 17 27 16 3 1 7 20 28 23 Tpt/Stor/Comms 13 14 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,910 12,910 54,570 54,570 Manufacturing 190,806 60,349 251,155 84,122 2,820 86,942 Commerce 76,179 59,309 135,488 59,145 2,777 61,923 Tpt/Stor/Comms 89,710 220 89,930 162,967 16 162,982 Finance 17,537 186 17,723 132,221 35 132,256 Construction 31,197 3,150
      123 words
    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low DBXT E50 US$ 5198 317.3 4.8 5576/4562 SPDR DJIA US$ ***** 301.3 1.3 *****/***** DBXT MSEurope US$ 6127 202.7 2.5 6424/5366 DBXT MSKorea US$ 5605 117.3 1.6 6735/5435 DBXT China50 US$ 3820 74.7 1.5 4258/2800 BY PERCENTAGE CLOSE UP 52w high/low ChinaGaoxianW*****8 1.5
      76 words
    • Article
      Lock icon LOSERS
      73 10 BY CENTS CLOSE DOWN 52w high/low JMH USD 5550 -66.7 -0.9 6788/5410 GLD US$ ***** -57.3 -0.4 *****/***** Hyflux 6% CPS ***** -19.0 -0.2 *****/***** Jardine C&C 3545 -16.0 -0.4 4770/3500 DBXT MSTHAI US$ 1994 -14.7 -0.5 2300/1930 BY PERCENTAGE CLOSE DOWN 52w high/low Digiland Intl 0.1 -50.0 -0.1
      73 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      84 10 VOL CLOSE($) CHANGE Foreland FabriT 9,253.7 0.012 +0.003 +33.33 Allied Tech 564.0 0.028 +0.009 +47.37 Hengxin Tech 1,685.1 0.500 +0.070 +16.28 Soon Lian 300.0 0.169 +0.019 +12.67 ChasWood Res 135.0 0.120 +0.004 +3.45 E2-Capital 44.1 0.150 -0.040 -21.05 Luzhou Bio-Chem 1,114.2 0.031 -0.006 -16.22 China Great Land 50.0
      84 words
    • BROKERS’ TAKE
      • Article
        Lock icon Ezion Holdings
        216 10 Buy June 22 close: S$1.09 Target price: S$1.50 DBS Group Research, June 22 FOLLOWING rig-operator partner Atlantic Marine Services (AMS)’s withdrawal of its lawsuit against Ezion, we believe Ezion’s stock price would soon recover to the S$1.20 level, prior to the emergence of a dispute with AMS. it
        216 words
      • Article
        Lock icon Healthcare sector
        222 10  -  Compiled by Jacquelyn Cheok Neutral OCBC Investment Research, June 22 WHILE our local bourse has been rather lacklustre, the healthcare sector has been largely rewarding as the FTSE ST Health Care Index (FSTHC) has delivered a 36 per cent gain year-to-date compared to negative 2.1 per cent by
        222 words
    • Article
      Lock icon CALENDAR
      19 10 I 1 pm (June 23) Singapore Consumer Price Index I 9.45 am (June 23) HSBC China Manufacturing PMI
      19 words
    • Article
      Lock icon Euro rises against yen, Swiss franc
      352 11 CURRENCIES REUTERS London THE euro rose against the safe-haven yen and Swiss franc on Monday, as a new Greek offer for a cash-for-re-forms deal raised hopes of an agreement between the debt-laden country and its creditors, boosting investors’ risk appetite. Eurozone leaders began an
      REUTERS  -  352 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Jun 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.953 4.822 0.686 6.019 49.370 103.383 0.956 8.555 2.901 1.126 79.013 34.981 1.036 9.456 0.715 23.893 26.133 0.490 0.777 Canada 1.050 5.061
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 11
        2 words
      • Article, Illustration
        Lock icon NIKKEI
        1 11
        1 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        2 11
        2 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Jun 22 S$ Bid Offer 1-month 1.3339 1.3349 2-months 1.3343 1.3356 3-months 1.3350 1.3365 6-months 1.3370 1.3386 Source: OCBC
        22 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Jun 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0350 1.0363 0.7763 0.7767 Canadian dollar 1.0863 1.0876 0.8152 0.8148 Euro 1.5094 1.5110 1.1322 1.1325 NZ dollar 0.9191 0.9206 0.6894 0.6900 Sterling pound 2.1133 2.1154 1.5851 1.5855
        155 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 11 Jun 22 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB ECW*****1 10.9 0.4 3487 0.1 2395 4 NOL MB eCW*****1 2.4 -0.2 3300 0.4 100 8 Capitaland MB eCW*****3 3.1 0.2 3000 0.2 340 2
        206 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Jun 19 Index Change Change Change Change Change Change World Preliminary 1340.6 0.0 5.1 0.0 4.8 -0.2 4.0 EAFE Preliminary 1069.8 0.4 8.4 0.2 6.9 0.1 6.1 Europe Preliminary 1476.2 0.1 6.8
        373 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 11 Jun 22 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.21 *****.37 *****.91 Jun15 *****.50 *****.00 *****.00 *****2 *****9 Jul15 *****.00 *****.00 *****.50 ***** *****8 NIKKEI 225 INDEX FUTURES SPOT *****.14 *****.30 *****.14 Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec15 *****.00 *****.00
        390 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Jun 22 $S Offer Bid 0vernight 0.3125 0.1875 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.1875 US$ 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
        154 words
      • Article
        Lock icon SIBOR
        35 11 Jun22 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
        35 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        69 11 Jun 22 Jun 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.49 5-Year N*****0H 1.625 01-Oct-19 99.52 99.70 99.70 10-Year NX*****Z 2.375 01-Jun-25 98.43 99.15 98.46 15-Year NY*****E 2.875 01-Jul-29 100.73 101.55 100.70 20-Year NZ*****V 3.375 01-Sep-33 105.91
        69 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Jun-19 Price Net change change Last Trade Agricultural Jun-19 CBOT Soybeans (US cents/bu) 971.50 -6.25 -0.64% 14/07/2015 CBOT Soybean Oil (US cents/lb) 32.55 0.30 0.93% 14/07/2015 CBOT Wheat (US cents/bu) 488.50 0.50 0.10% 14/07/2014 Jun-19 LIFFE Cocoa (£/tonne) 2120.00 -25.00 -1.17% 16/07/2015 LIFFE Coffee (US$/tonne) 1866.00 -22.00 -1.17%
        250 words
    • Article
      Lock icon US$4m Series C funding for Tech in Asia
      563 12  -  Participants in this round of fund-raising by homegrown tech news site include Facebook co-founder Eduardo Saverin By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN tech news site Tech in Asia on Monday said it has raised US$4 million in Series C funding to
      563 words
    • Article, Illustration
      Lock icon AirAsia audit committee clarifies non-consolidation of associates
      697 12  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur RESPONDING to claims of questionable accounting practices at AirAsia Bhd (AAB), its audit committee on Monday clarified that the budget carrier had sought to put out clearer financial statements to reflect its actual fiscal position but was
      PHOTO: REUTERS  -  697 words
    • Article
      Lock icon Softbank, Bharti, Foxconn to invest US$20b in India solar projects
      342 12 REUTERS New Delhi JAPAN’S Softbank Corp, together with Bharti Enterprises and Taiwan’s Foxconn, will invest about US$20 billion in solar projects in India, in one of the biggest investment pledges to date in the country’s renewable energy sector. Softbank, which
      REUTERS  -  342 words
    • Article, Illustration
      Lock icon Ferrero offers £112m for British chocolate maker Thorntons
      368 12 REUTERS Milan FERRERO, the maker of Nutella spread, has offered to buy British chocolate company Thorntons Plc for £112 million (S$237 million), a rare acquisition by the Italian group. The deal, backed by the board of Thorntons, brings together two of Europe’s
      REUTERS; PHOTO: BLOOMBERG  -  368 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      741 8 Turning your investment blueprint to reality with our insights r' ,i |4 Hi li I ICUlt w ll.ll 111 I il'.-.' llUTcl] i;;; H I I fcthi'U'jh ric;|"‘ l I ,,i .nui 1 ■a i Bplc Ini nhLxUe^rl K,.tiul mu ling their M Liy. she v such a chfc .111(1
      741 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      296 9 N 5 STAR AIRLINE' 5KYTRAX vVr, *y .V 7f f. > tv* ,tV- v. V. •r 3 N> •> f V i. > v A/'«' 4, r .>^1 V -**>;«• r i m j i r» Tb p. Feel the tranquillity, the essence of comfort in our fully flat reclining
      296 words
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      156 12 MCCOY BESPOKE Learning Journey with Star Cruises A McCoy Bespoke SG50 Initiative On-Board Guest of Honour /Vlr Gu/t£ TQezutJ Mfimhfir nf Pnrlinmfint Member of Parliament Ang Mo Kio GRC Event Details Date: Venue: 29th July -1 st August (Wed Sat) SuperStar Aquarius Highlights; 4 Days 3 Nights Learning Cruise Enriching
      156 words
Page thumbnail Page 13
  • REAL ESTATE
    • Article, Illustration
      Lock icon Today’s renters could turn buyers in 2016
      623 13  -  Nomura believes the impetus to buy will come from the raising of the CPF salary ceiling and landlords’ discount offers By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HOME renters today could switch to buying in 2016, Nomura said in a Monday report. More Singaporeans
      FILE PHOTO  -  623 words
    • Article
      Lock icon Dubai residential property prices likely to fall 10-20% in 2015, says S&P
      617 13 Subdued demand, slower economic activity and downbeat investor sentiment cited just 1.5 per cent between 2007 and 2011. REUTERS, AFP Dubai DUBAI residential property prices are likely to fall 10 to 20 per cent this year because of
      just 1.5 per cent between 2007 and 2011. REUTERS, AFP  -  617 words
    • Article
      Lock icon Norway fund to open Tokyo office
      198 13 BLOOMBERG Oslo NORWAY’S Government Pension Fund Global, the world’s biggest sovereign wealth fund worth US$890 billion, plans to open an office in Tokyo as it prepares to enter Asia’s real estate market. The investor is in the process of building a team there and
      BLOOMBERG  -  198 words
    • Article, Illustration
      Lock icon Clintons caught in summer vacation quandary
      1261 14 Holidaying in the Hamptons may not be ideal this year as Hillary mounts campaign built on lifting middle class NYT New York FOR the past several summers, Bill and Hillary Clinton have done what New York City’s moneyed residents have done for decades: they
      NYT; PHOTO: REUTERS  -  1,261 words
    • Article, Illustration
      Lock icon Makeover of iconic Paris building gets green light
      585 14 Decision by State Council ends years of legal wrangling over historic site AFP Paris FRENCH authorities gave the go-ahead last Friday to renovate the iconic former Parisian department store La Samaritaine on the River Seine, ending years of legal wrangling over the
      AFP; PHOTO: AFP  -  585 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      235 13 KHEAM HOCK ROAD 2-storey bungalow with annex building Land approx 15,071 sq ft Freehold tenanted Development potential Near Botanic Gardens MRT Tender Closing: 23 July 2015 (Thur) 3.00pm 9828 0866 Tender Sale Rare Opportunity Mok Sze Sze CEA Reg No: R*****7H Jones Lang LaSalle Property Consultants Pte Ltd CEA Licence
      235 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      110 13 Hong Fok Group Tender Sale JALAN LOYANG BESAR Land with 2-storey bungalow Approx 9,628 sq ft Walking distance to Pasir Ris Pk E!Hub Downtown East Wide Frontage, Development Potential Accessible to Pubic Transport TPE Tenure 999yrs wef 07/09/1885 Zoned Residential, Plot ratio 1.4 Tender Closing: 22 July 2015 (Wed) 3.00pm
      110 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 3
      140 13 En-bloc Sale of Fairhaven (Sophia Road) Istana Subject Tekka Centre Sophia Bt Timah Rd Rd Wilkie Rd Rd Wilkie Edge Plaza Singapura Selegie Rochor The Atrium Orchard Rd PoMo Orchard CathayCineplex St Prinsep Penang Rd SOTA Middle Rd Dhoby Ghaut MRT Park Mall NAFA Rendezvous Hotel Lane Bencoolen MRT(U/C) SMU
      140 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      109 14 As part of INVEST Fair 2015, we are proud to present our inaugural INVEST IDOL contest where we would like YOU to exploit your knowledge in stock investing to come up with the most profitable portfolio. Pit your knowledge against your peers and get a chance to win CASH PRIZE
      109 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      76 14 The first real estate and urban build conference in Myanmar m m^anmav Incorporating: Myanmar Q retail Urban and City Planning Conference 2015 Real Estate Show Myanmar 2015 3 5 August 2015 Yangon, Myanmar I f Your gateway to trends and investment opportunities in Myanmar's real estate For sponsorship opportunities, contact
      76 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      59 14 HOT PROPERTY MYVILLAGE S'GOON Gdn. 172-1292sf. All Trades. F&B Nail Salon, Beauty, Retail Eyewear, etc. BLK 107 LOR 1 Toa Payoh Opp Braddell MRT. Grd flr 700sf/2-sty 1400sf $6.2k/ $8.2k. PRIME SHOP Marina Bay 861/ 2659/ 3520 sf. Expat Crowd. Downtown/ Raffles MRT. SHOP SPACES FOR RENT Check out these
      59 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 4
      18 14 www.omy.sg 11 I A i 6*£JHfct£ 110^0^+Angela baby Ib/7J07J(+^M SCAN WATCH NOW more @showbiz.omy.sg BiESH B: S e:
      18 words
Page thumbnail Page 15
Page thumbnail Page 16
  • BANKING & FINANCE
    • Article
      Lock icon Global body slams banks over Fifa transactions
      899 16 FATF says they appear to be so lax that many allegedly corruption-related transfers passed through the international financial system undetected REUTERS London A GLOBAL group of government an-ti-money laundering agencies said that financial institutions have not done enough to police suspicious financial activity
      REUTERS  -  899 words
    • Article
      Lock icon UK bankers prone to be unethical, says report
      171 16 BLOOMBERG London BANKERS are more likely to behave unethically when under pressure to reach tough performance targets, according to a survey of British financial services employees. Managers in banking, insurance and wealth management were more anxious and inclined to misbehave when “negative
      BLOOMBERG  -  171 words
    • Article, Illustration
      Lock icon UK banks find regulator’s data request too onerous
      596 16 IFR London THE UK Financial Conduct Authority has stunned banks with a sweeping draft request for data on thousands of bond and equity deals going back over the past five years. The proposed request is part of the FCA’s probe of competition
      IFR; PHOTO: BLOOMBERG  -  596 words
    • Article
      Lock icon US mutual funds losing their shine
      912 16 BLOOMBERG Boston ONE of the hottest areas for US money managers is quickly cooling off. Flows into hedge fund-like mutual funds, a category that attracted almost a third of the money going into actively managed funds in the past six years, have slowed this
      BLOOMBERG  -  912 words
    • Article
      Lock icon Goldman Sachs bullish on Australian banks, adds to holdings
      211 16 BLOOMBERG Sydney GOLDMAN Sachs Asset Management’s Dion Hershan invested in Australian banks as concerns about capital levels and a weak economy battered their shares, betting that efforts to improve efficiency will bolster earnings. The US firm, which oversees about A$6.5 billion
      BLOOMBERG  -  211 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      358 16 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TENNESSEE PTE. LTD. Registration No.: *****1387R At an Extraordinary General Meeting of TENNESSEE PTE. LTD. duly convened and held on Monday, 22 June 2015 at 4 Shenton Way, #28-02 SGX Centre II,
      358 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      267 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BALISA SHIPPING TRADING PTE LTD Co. Reg. No. *****3249E MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 16th day of June 2015, the following special resolution was duly passed: “That the Company be wound up
      267 words
Page thumbnail Page 17
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon US energy firm rejects pipeline tycoon’s US$48b takeover offer
      839 17 Including debt and other liabilities, the bid from billionaire Kelcy Warren is worth US$53.1b BLOOMBERG New York WILLIAMS Cos has rejected a US$48 billion stock-based takeover offer from pipeline magnate Kelcy Warren that aims to derail a consolidation of the North
      BLOOMBERG; PHOTO: BLOOMBERG  -  839 words
    • Article
      Lock icon Goldman sees iron back below US$50 as supplies expand
      457 17 BLOOMBERG Singapore IRON ore is headed back below US$50 a tonne as supplies from Australia and Brazil expand and a slump in steel prices squeezes mills’ profits, according to Goldman Sachs Group Inc, repeating a forecast that recent gains won’t last.
      BLOOMBERG  -  457 words
    • Article
      Lock icon No flood of orders for US food yet from Cuba
      535 17 WP Washington BEFORE the US embargo, Cuba bought more American rice than any other country in the world. Now, most Cuban rice comes from Vietnam. Last year, Cuba imported US$200 million worth of wheat virtually all of it from Europe
      WP  -  535 words
    • Article
      Lock icon Qatar’s gas reserves enough for another 138 years: bank report
      260 17 AFP Doha QATAR’S gas reserves are so vast that it can maintain production at current rates for another 138 years, according to an official report published. An “Economic Commentary” from the Qatar National Bank (QNB) on Sunday said that the
      AFP  -  260 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      150 17 SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across the globe per month Flexible lease terms from just 1 month VIRTUAL OFFICES COWORKING
      150 words
Page thumbnail Page 18
  • TECHNOLOGY
    • Article
      Lock icon Silicon Valley firm gets help to carry on after CEO’s sudden death
      458 18 NYT Palo Alto, California ON the first day back to work after the death of Dave Goldberg, the chief executive of SurveyMonkey, employees at the Silicon Valley company gathered to mourn. “Let’s be upfront,” Bennett Porter, the head
      NYT  -  458 words
    • Article, Illustration
      Lock icon Apple to pay royalties after Swift’s letter
      679 18 Company reverses decision after singer complains; it will now pay full royalties during free trial of Apple Music NYT New York WHEN Taylor Swift speaks, even the most powerful company in the world listens. Less than 24 hours after Swift complained publicly that
      NYT; PHOTO: AFP  -  679 words
    • Article, Illustration
      Lock icon Microsoft executive reaches new heights
      885 18 NYT Seattle THREE Microsoft executives saw their responsibilities multiply last week when the company announced that it was consolidating its engineering efforts, leading to the departure of several senior executives. The one executive whose job will expand the most is Terry Myerson, in a change
      NYT; PHOTO: BLOOMBERG  -  885 words
    • Article, Illustration
      Lock icon App brings Benin artworks into homes
      686 18 AFP Cotonou ADMIRING paintings or photographs by Africa’s greatest contemporary artists is a luxury in Benin, where museums are scarce and most people lack money to travel farther afield. But a new application developed by a foundation based in Cotonou, the largest city in
      AFP; PHOTO: BLOOMBERG  -  686 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      24 18 Analysts: Resale levy may cause EC prices to fall5%-7% this year to fall 5%-7% 13-%$840! EC^tg^agTilil5%-7% To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      24 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      1064 19 THE BVI BUSINESS COMPANIES ACT, 2004 Bugle Press Corporation Company No. *****09 (the "Company") a BVI Business Company NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Chong Weiyi of 1 Raffles Place, #28-02 Tower 1, Singapore
      1,064 words
Page thumbnail Page 20
  • CONSUMER
    • Article, Illustration
      Lock icon US health insurance sector catches merger mania
      900 20 They are scrambling to tap the millions of new potential customers that Affordable Care Act has unleashed NYT New York THE world of American health insurance may soon become even smaller, with the biggest companies seeking to become even bigger. A scramble has
      NYT; PHOTO: BLOOMBERG  -  900 words
    • Article, Illustration
      Lock icon Christie’s clobbers Sotheby’s with a gavel
      497 20 BLOOMBERG New York THIS May, after billionaires had outbid billionaires in New York’s contemporary art auctions, something became immediately clear: Christie’s had just clobbered Sotheby’s with a gavel. Over four days, Christie’s sales totalled US$1.7 billion, its biggest week ever. On one of those
      BLOOMBERG; PHOTO: AFP  -  497 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      494 20 Keep Calm And Take Charge, Shun Failure, Network Effectively! Who should attend: Managers, Directors, Business Owners, Sales and Service Executives. FULL-DAY WORKSHOPS Positive Thinking: Bouncing Back From Failure Taking Initiative And Making Things Happen At The Workplace Taking initiative means handling duties and responsibilities without waiting to receive instructions from
      494 words
Page thumbnail Page 21
  • TRANSPORT
    • Article, Illustration
      Lock icon Britain braces for showdown over airport expansion
      976 21 Whether a needed new runway should be in Heathrow or Gatwick has been hotly contested for over 25 years REUTERS London A DECADES-LONG battle to expand Britain’s overcrowded airports is set for a crunch decision in the coming weeks, as the world’s fifth
      REUTERS; PHOTO: BLOOMBERG  -  976 words
    • Article
      Lock icon Maersk seen favouring acquisitions over better rating
      454 21 Firm has a BBB+ rating at S&P’s and a similar Baa1 grade at Moody’s BLOOMBERG Copenhagen AP Moeller-Maersk will use the headroom under its current credit rating to return cash to shareholders and make acquisitions instead of pursuing a higher grade. That’s according
      BLOOMBERG  -  454 words
    • Article, Illustration
      Lock icon US Port Authority makes overtures to aircraft-noise activists
      930 21 NYT New York SUSAN Carroll has developed a tender relationship with the noise monitor on the roof of her apartment building in Queens. She refers to it as “my monitor” (even though she does not own it) and checks on it daily
      NYT; PHOTO: NYT  -  930 words
    • Article
      Lock icon Market for Islamic aircraft-loans doubles
      334 21 BLOOMBERG Dubai THE market for Islamic aircraft loans may have just doubled in size. Not content with issuing two of the largest sukuk on record to fund its aviation ambitions, Saudi Arabia via its state-owned carrier last week placed orders for 50 planes from Airbus
      BLOOMBERG  -  334 words
Page thumbnail Page 22
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Asia exporters struggle to overhaul economic model
      699 22 Export-led growth is no longer serving the region well because of changes in the world economy REUTERS Jakarta IN the good old decades, many Asian governments could stick to a simple economic strategy ramp up exports and reap solid growth rates. Now, export-led
      REUTERS; PHOTO: BLOOMBERG  -  699 words
    • Article
      Lock icon Asia investors look beyond Grexit for stimulus benefits
      662 22 BLOOMBERG Singapore FOR many Asia-Pacific investors, the question is how many days rather than weeks Greece’s financial meltdown will hurt the region’s markets. After that, some see benefits. While the yield premium that investors demand to hold Asian corporate bonds will probably
      BLOOMBERG  -  662 words
    • Article
      Lock icon Modi’s window for economic reform closing as scandal plagues govt
      565 22 BLOOMBERG New Delhi THE window of opportunity for Indian Prime Minister Narendra Modi to press for serious economic reform seems to be closing. A little over a year after taking office, his government has been caught up in its first
      BLOOMBERG  -  565 words
    • Article, Illustration
      Lock icon Demand for liquidity skews bond markets
      1029 22 BLOOMBERG London THERE are three things that matter in the bond market these days: liquidity, liquidity and liquidity. How or whether investors can trade without having prices move against them has become a major worry as bonds globally tanked in the past few months.
      BLOOMBERG; PHOTO: REUTERS  -  1,029 words
    • Article, Illustration
      Lock icon Abe signals shift in emphasis of Abenomics
      511 23  -  Going beyond using monetary stimulus and making calls to raise personal consumption, he now wants to persuade businesses to raise capital expenditure to spur growth By Anthony Rowley btworld@sph.com.sg Tokyo IN an apparent shift of emphasis in his “Abenomics” strategy for the economy,
      PHOTO: REUTERS  -  511 words
    • Article
      Lock icon Russia orders cuts in 2018 World Cup spending
      308 23 REUTERS MOSCOW THE Russian government ordered 30 billion roubles (S$742.1 million) in cuts in spending on the 2018 World Cup finals on Monday, the latest cutback as an economic crisis takes a toll. No reason was given for the decision, but Russia
      REUTERS  -  308 words
    • Article
      Lock icon Japan, S Korea leaders mark 50 years of diplomatic ties with call for ‘future-oriented relationship’
      572 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE leaders of Japan and South Korea have both spoken of the need for a “fu-ture-oriented relationship” between their countries in the coming years, in speeches delivered on Monday on
      572 words
    • Article
      Lock icon Vietnam bets on easing of business regulation to boost investments
      741 23 BLOOMBERG Hanoi VIETNAM is betting that the most significant easing of business regulation in 25 years and an accelerated sale of state-owned firms’ shares will revive a flagging investment outlook. The government on July 1 will reduce to six from
      BLOOMBERG  -  741 words
    • Article, Illustration
      Lock icon Medical tourism expertise helps Thailand cope with Mers
      620 23 RE UTERS Bangkok THAILAND’S status as a hub for medical tourism could be helping the country contain the spread of Middle East Respiratory Syndrome (Mers), government and health officials said, after confirming its first case of the deadly virus last week. Tourism
      REUTERS; PHOTO: AFP  -  620 words
Page thumbnail Page 23
Page thumbnail Page 24
  • OPINION
    • Article
      Lock icon Talk of Malaysia in 1997/98 style meltdown unduly alarmist
      542 24 MALAYSIAN Prime Minister Najib Razak’s warning last week that the country should brace itself for headwinds could be considered timely but market talk of a repeat of the 1997/98 meltdown is overblown and unduly alarmist. As Mr Najib, who is also
      542 words
    • Article, Illustration
      Lock icon How to attain 4% growth and lose weight without dieting
      887 24  -  Once the economy is near full employment, further growth depends on raising output per worker. While there are things that might help make that happen nobody knows how to conjure up rapid productivity gains. THE BOTTOM LINE By Paul Krugman
      NYT  -  887 words
    • Article, Illustration
      Lock icon AIIB remains an unknown quantity
      1210 24  -  As the Beijing-based bank readies its Articles of Agreement for signing, relatively little is known about what it will actually do, or where its main theatre of operations will be By Anthony Rowley Tokyo FORMER British prime minister and statesman the late Winston Churchill once
      FILE PHOTO; Source: Stratfor 2013  -  1,210 words
    • Article
      Lock icon Asian IT professionals have big role in region’s transformation
      941 25  -  COMMENTARY By Joe Poon TThe writer is vice-president of strategy at Logicalis Asia ONE of the biggest scare stories on the macroeconomic front right now is the slowing Chinese economy. This masks a potentially more significant development the share of services
      941 words
    • Article
      Lock icon Japan should start negotiations for an FTA with the EU
      754 25  -  COMMENTARY By Shumpei Takemori T The writer is a member of the OMFIF Advisory Board, an economics professor at Keio university and senior research fellow at the Ministry of Finance and the Policy Research Institute Tokyo EUROPEAN creditors involved in
      754 words
    • Article, Illustration
      Lock icon Black and white, and in-between
      1200 25  -  Comparing the Charleston massacre last week and the 1963 bombing in Birmingham helps demonstrate the dramatic change in race relationships that have been taking place in the US in the last 50 years By Leon Hadar Washington NINE men and women were shot to death
      PHOTO: AFP  -  1,200 words
Page thumbnail Page 25
Page thumbnail Page 26
  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    983 26 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
    983 words
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      179 26 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TRIES SHIPPING TIMES Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development Come publicise your
      179 words
Page thumbnail Page 27
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Tokyo 2020 chiefs nominate baseball for Olympics return
      643 27 It is among 8 sports listed for possible inclusion in Games; row rages over payment for main venue AFP Tokyo THE organisers of the 2020 Olympics on Monday nominated eight new sports for possible inclusion in the Tokyo Games, including baseball. The
      AFP; PHOTO: REUTERS  -  643 words
    • Article, Illustration
      Lock icon Octogenarian aims for world record for simultaneous chess
      612 27 AFP Budapest AN 87-year-old Hungarian woman aims this weekend to set a world record by beating 1920s Cuban chess grandmaster Jose Raul Capablanca at his own game: simultaneous play. Since the 1950s, Brigitta Sinka, a former top amateur player, has played around
      AFP; PHOTO: AFP  -  612 words
    • Article, Illustration
      Lock icon Worshippers pack Charleston church in emotional service
      699 27 AFP Charleston, united States THE historic black South Carolina church where a white gunman murdered nine African Americans held its first service since the massacre on Sunday, an emotional gathering celebrating the lives of those slain. Several hundred congregants, some tearful, packed the
      AFP; PHOTO: AFP  -  699 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      319 27 CRYPTIC CROSSWORD Across 1 Tories lure out undecided (10) 6 Instrument with hot amp ends covering Queen (4) 9 Run away? It’s warranted (5) 10 Alarmed if retired, pottering about (9) 12 Positive sign of excitement going after gold (7) 13 Group virtuoso putting out single (5) 15 Work’s rejected
      319 words
Page thumbnail Page 28
  • SME
    • Article, Illustration
      Lock icon Tricks to prolong the family trade’s success
      1001 28  -  Survey finds how world’s largest family businesses plan for succession, instill governance.BY governance.BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT IT may seem innocuous, but branding yourself as a family business gives firms an edge. Which may be why 76 per cent of the 25 largest
      PHOTO: REUTERS  -  1,001 words
    • Article
      Lock icon How companies change bad practices
      501 28  -  Organisations don’t always respond to threats, but they change quickly when their peers do COMMENTARY By Henrich R Greve T The writer is a professor of entrepreneurship at Insead and a co-author of Network Advantage: How to Unlock Value from Your Alliances and Partnerships IN
      501 words
    • Article
      Lock icon Falling back on family ties when firms go bust
      842 28  -  COMMENTARY By Massimo Massa T The writer is a professor of finance and The Rothschild-Chaired professor of banking at insead. He is co-director of the Hoffmann Research Fund and a faculty member of the Insead Corporate Governance Initiative. WHEN General Growth
      842 words