The Business Times, 3 July 2015

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Total Pages: 28
1 28 The Business Times
  • 32 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 Friday, July 3,2015
    32 words
  • DAILY DIGEST
  • 26 1 Thursday Change STI 3327.84 -3.30 KL COMP 1733.88 +5.92 NIKKEI *****.50 +193.18 HANG SENG *****.32 +32.29 SHENZEN B 1381.26 -50.38 DOW (11:45 EDT) 17,722.20 -35.71
    26 words
  • 1100 1  -  MAS: Enhancing safeguards for investors and unitholders weighed against growing a vibrant Reit market By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Source: MAS Singapore THE Monetary Authority of Singapore (MAS) has released a list of rule changes governing real estate investment
    Source: MAS  -  1,100 words
  • 642 1  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT A DISMAL first half of 2015 for Singapore’s manufacturers could have ended on a better note after all, as improvements in the latest purchasing managers’ index (PMI) signalled a pick-up in factory activity last month.
    Source: Singapore Institute of Purchasing & Materials Management  -  642 words
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  • TOP STORIES
    • 812 2  -  He says he would ‘strongly prefer not to’ remain in office for another decade By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE Prime Minister Lee Hsien Loong says he would rather not continue leading the country for another 10 years, as
      PHOTO: INSTITUTE OF POLICY STUDIES  -  812 words
    • 644 3 Athens says government “may very well” quit if it fails to get its way in Sunday’s make-or-break referendum REUTERS AFP New York GLOBAL investors are hedged against a potential exit of Greece from the eurozone ahead of Sunday’s referendum, but they’re not
      REUTERS; AFP; PHOTO: BLOOMBERG  -  644 words
    • 511 3 LATEST US DATA nine of the last 10 months. BLOOMBERG, REUTERS Washington THE US labour market took one step forward and one back in June as job creation advanced while wages stagnated and the size of the labour force receded. The addition of 223,000
      nine of the last 10 months. BLOOMBERG, REUTERS  -  511 words
    • 639 4  -  Association of Financial Advisers says this would ensure rebates are implemented in an ethical manner By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore EVEN as the Financial Advisory Industry Review (FAIR) seeks to better align the interests of financial advisers with that of consumers, the
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    • 542 4  -  By Nikita Mathur mathurn@sph.com.sg Singapore TECHNOLOGY company Dyson Ltd intends to recruit 100 engineers from Singapore annually, over the next four years, to meet its ambitious growth plans and global demand for its unique technology which includes bagless vacuum cleaners and
      542 words
    • 534 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore OVERALL passenger traffic in the Asia-Pacific rose a healthy 10 per cent year on year in May, outstripping the global pace of growth. And load factor went up to 77 per cent despite a 7.5 per cent
      ST FILE PHOTO  -  534 words
    • 638 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE government will launch an enhanced SingPass system this Sunday. This would include better user experience, mobile-friendly features and a two-factor authentication (2FA) for enhanced security. According to an Infocomm Development Authority of Singapore (IDA)
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    • 29 2 A r i 1 x ,v- I r xSingapore Tokyo London Hong Kong Dubai Kuala Lumpur Bangkok Manila Jakarta Seoul Phnom Penh Shanghai Doha Taipei Vancouver New York www.TWGTea.com
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  • Page 3 Advertisements
    • 112 3 BMW Premium Selection Certified pre-owned ppsl-bmw.sg A Sheer Driving Pleasure sf I* V N f I. 'a Selection BMW Premium m I k’hdii’j ai r CELEBRATE A GREAT JOURNEY WITH GREAT SAVINGS. OWN A BMW 7 SERIES MANAGEMENT CAR AT $320,800. PLUS, CELEBRATE SG50 WITH CASH SAVINGS FROM US! ADDITIONAL
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  • COMPANIES & MARKETS
    • 580 5  -  MAS move, prompted by SGX’s reply that it is not aware of any reason for price surge, surprises some market watchers HOT STOCK By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore IN the first such move, the Monetary Authority of Singapore
      Source: Google Finance  -  580 words
    • 369 5  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CHINESE shipbuilder JES International could be taking legal action against its former CEO and chairman Jin Xin, after it uncovered possible financial irregularities related to him. It has also started proceedings against a former employee who
      369 words
    • 371 5  -  Dealers blame volatility on consolidation to meet minimum trading price rule By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore CHINA Fibretech shares, which underwent a 50-into-one consolidation in May, have undergone hugely volatile trading this week, prompting dealers to once again question the wisdom of
      Source: Bloomberg  -  371 words
    • 437 6  -  Logistics trust buying a premium cold store warehouse in Sydney for A$253 million By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore MAPLETREE Logistics Trust (MLT), which is acquiring Coles Chilled Distribution Centre in Sydney for A$253 million (S$260 million), sees the purchase of the premium cold
      437 words
    • CORPORATE DIGEST
      • 81 6 A wholly OWNED subsidiary of Keong Hong Holdings has clinched a S$163.38 million contract from Sembawang Residences Pte Ltd to build 11 residential blocks comprising 660 apartment units with a swimming pool, ancillary facilities and a single-storey carpark. The project by Keong Hong Construction Pte Ltd, which
        81 words
      • 113 6 A WHOLLY OWNED subsidiary of SIIC Environment has clinched a 63.8 million yuan (S$13.9 million) project by the Wuhan City municipal government in China. Under the build-operate-transfer project, Wuhan Huang-Pi Kaidi Water Services will build and operate a wastewater treatment plant with a design capacity of 25,000 tonnes
        113 words
      • 152 6 SINCAP Group is acquiring a mineral trading and logistics management firm for S$7.2 million in shares to expand and grow revenues in resource trading. The firm, Singapore-incorporated Orion Energy Resources, sources for coal from major traders and mine owners in Indonesia, and ships the commodity weekly to power
        152 words
      • 86 6 INDONESIAN coal mining group Geo Energy has entered into a sales contract to supply 1.5 million tonnes of coal to the Singapore arm of Brazilian financial firm BTG Pactual for a year, starting from August this year. The contract will boost the group’s financial performance, said Geo Energy’s
        86 words
      • 214 6 BLOOMBERG EVERGRANDE Real Estate Group Ltd, China’s fifth largest developer, applied to list its Alibaba-backed soccer club and entertainment group in a bid to raise cash as its debts mount. Evergrande plans to list Guangzhou Evergrande Taobao Football Club, which would become China’s first soccer stock,
        BLOOMBERG  -  214 words
    • 490 7  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore ALREADY present in the Asia-Pacific and Europe, Ascott Residence Trust (Ascott Reit) has made its foray into the United States by acquiring a hotel in New York’s Times Square for US$163.5 million. The accretive acquisition
      490 words
    • 407 7  -  UOB clients expected to invest US$300m in next 12 months, OCBC inks MOUs with 10 Myanmar banks By Jamie Lee, Angela Tan leejamie@sph.com.sg angelat@sph.com.sg @JamieLeeBT Singapore UNITED Overseas Bank Group (UOB) and OCBC Bank both provided updates to their Myanmar business,
      407 words
    • 289 7  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore TOTAL syndicated loans in the Asia-Pacific excluding Japan in the first half of this year fell 15 per cent from a year ago to US$214 billion, dragged mainly by weaker activity out of Hong Kong, Australia, and Singapore,
      289 words
    • Article, Illustration
      63 8 STI Catalist Straits Times Index July 2,2015 3,327.84 -3.30 (-0.10%) Current streak 1 day Day high 3,357.95 Day low 3,326.36 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist Index July 2,2015 657.62 -2.52 (-0.38%) Current streak 1 day Day high 662.93 Day low
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    • 615 8  -  Uncertainty over Greek referendum and volatility in China stocks cited for the listlessness STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ANEW day, another nondescript session. The Straits Times Index on Thursday displayed all the verve of a patient on life support, finishing a coma-inducing session
      Source: Bloomberg  -  615 words
    • 308 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 -6 247/240 271 219 6.1 6098.2 CapitaLand 350 -4 358/350 379 293 12.8 2.6 *****.5 CapitaMall Trust 212 -5 218/211 228 188.5 5.1 7355.8 CityDev 990 +3 995/983 1095 915 11.9
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    • 33 8 VOLUME IHC 41,372,600 SinoConstruction 35,984,700 CN*****MBeCW*****9 32,609,900 Debao Property 25,114,800 Ezra 23,925,200 Market volume 1,099,451,000 VALUE UOB 74,787,347 DBS Grp 70,639,127 Singtel 59,646,998 CapitaLand 47,032,504 JMH USD 35,757,815 Market value 927,740,000
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    • 108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT CSI300 US$ US1128 -42 131 1182/1106 1471/640 1131/1134 IS MS INDIA US$ US752 -2 124 758/748 1000/696 751/756 94 UETF SSE50China 280 +2 97 284/278 340/142 276/278 87.5 DBXT MSUSA US$ US5348 68 -/-5573/4684 5301/5318
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    • 77 8 Jul 2 VALUE CLOSE BT OB/OS -216.00 +51.00 BT CADI -*****.00 -11.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 761.91 -0.49 FTSE ST Small Cap 475.38 +0.11 FTSE ST All Share 798.66 -0.69 FTSE ST China Top 202.59 -0.53 FTSE ST China 242.75 -0.39 FTSE
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    • 35 8 STI FTSE ST All-Share ftse ST All-Share index July 2,2015 798.66 -0.69 (-0.09%) Current streak 1 day Day high 804.36 Day low 798.66 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • 33 8 STI MSCI EAFE MSCI EAFE index July 1,2015 1,856.10 +13.64 (+0.74%) Current streak 1 day Day high 1,867.53 Day low 1,840.26 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 4 0 0 0 8 5 4 Manufacturing 48 40 35 7 13 8 55 53 43 Commerce 21 23 16 5 5 6 26 28 22 Tpt/Stor/Comms 13 10 14
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,505 9,505 40,019 40,019 Manufacturing 88,044 51,769 139,813 69,537 3,333 72,871 Commerce 84,637 30,607 115,244 94,589 2,176 96,765 Tpt/Stor/Comms 121,780 9,464 131,244 156,878 781 157,659 Finance 23,585 216 23,801 199,045 40 199,085 Construction 40,923 2,166
      123 words
    • 75 8 BY CENTS CLOSE UP 52w high/low IS DJ USTech US$ ***** 303.1 2.2 *****/9321 DBXT Nifty US$ ***** 134.0 0.7 *****/***** DBXT Vietnam US$ 2665 108.2 3.1 3100/2250 JSH USD 3160 71.7 1.7 3810/2987 DBXT E50 US$ 5000 70.4 1.1 5564/4562 BY PERCENTAGE CLOSE UP 52w high/low ChasenHldg W*****0
      75 words
    • 73 8 BY CENTS CLOSE DOWN 52w high/low IS S&P500 US$ ***** -503.3 -1.8 *****/***** GLD US$ ***** -101.5 -0.7 *****/***** DBXT CSI300 US$ 1128 -56.8 -3.6 1471/640 DBXT MSTHAI US$ 2016 -51.4 -1.9 2300/1930 DBXT MSKorea US$ 5570 -29.8 -0.4 6735/5435 BY PERCENTAGE CLOSE DOWN 52w high/low UnitedFood 1 17.5
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    • 81 8 VOL CLOSE($) CHANGE UnitedFood 1 20.0 0.175 -0.120 -40.68 AA 893.4 0.085 +0.011 +14.87 LifeBrandz 22,426.1 0.008 +0.002 +33.33 Si2i 1 22.307 0.455 +0.045 +10.98 Equation 15,273.8 0.006 -0.001 -14.29 Green Build 21.9 0.250 -0.050 -16.67 Linc Energy 10,882.7 0.220 +0.024 +12.25 A-SonicAero 1 0.195 0.184 -0.036 -16.36
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    • BROKERS’ TAKE
      • 183 8 Neutral July 2 close: S$3.92 Target price: S$4.10 RHB, July 2 THE Nghe An infrastructure project is the seventh such for the Vietnam Singapore industrial Park Joint Venture Co (VSIP JV). With surveying, planning, approvals and eventual construction to take multiple years, we do not anticipate any near-term
        183 words
      • 346 8  -  By Jacquelyn Cheok Suntec Reit Hold July 2 close: S$1.715 Target price: S$1.89 Maybank Kim Eng, June 30 SUNTEC Reit is divesting Park Mall, a commercial and retail development on the fringes of Orchard Road, for redevelopment at its latest valuation of S$411.8 million. To be completed by
        346 words
    • 410 9 CURRENCIES REUTERS AFP London THE Swedish crown sank one per cent on Thursday after Sweden’s central bank surprised markets by cutting interest rates deeper into negative territory and saying it would pump more money into the economy, citing risks from Greece. The
      REUTERS; AFP  -  410 words
    • FOREX RATES
      • 471 9 Jul 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.960 4.725 0.688 5.902 48.375 101.558 0.941 8.573 2.876 1.141 77.474 34.379 1.030 9.384 0.721 23.549 25.729 0.488 0.761 Canada 1.042 4.923
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      • 155 9 Jul 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0300 1.0305 0.7613 0.7616 Canadian dollar 1.0733 1.0738 0.7936 0.7933 Euro 1.4966 1.4971 1.1061 1.1064 NZ dollar 0.9030 0.9035 0.6674 0.6677 Sterling pound 2.1096 2.1108 1.5592 1.5600
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      • 22 9 Jul 2 S$ Bid Offer 1-month 1.3537 1.3539 2-months 1.3543 1.3546 3-months 1.3547 1.3550 6-months 1.3563 1.3566 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 200 9 Most active Jul 2 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****9 11.8 2.3 ***** 0.0 --2 OLS Enterprise W*****5 0.2 unch 7487 1 1 33 4.50 25 FTSEChinaA50 ***** MBePW*****9 19.3 0.5 5503 0.0 2
        200 words
      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jul 1 Index Change Change Change Change Change Change World Preliminary 1324.8 0.8 3.8 1.0 4.2 0.6 2.1 EAFE Preliminary 1069.4 1.2 8.4 1.1 6.7 0.7 4.6 Europe Preliminary 1478.8 1.7 7.0
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      • 392 9 Jul 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.60 *****.70 *****.41 Jul15 *****.00 *****.00 *****.50 *****.00 *****3 *****5 Aug15 *****.00 *****.00 *****.00 *****.50 1894 890 NIKKEI 225 INDEX FUTURES SPOT *****.94 *****.73 *****.85 Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec15
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    • BANK RATES
      • 36 9 Jul 2 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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      • 154 9 Jul 2 $S Offer Bid 0vernight 0.28 0.23 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.25 US$ Offer Bid 7 days 0.22 0.12 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
      • 69 9 Jul 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.65 102.74 102.71 5-Year N*****0S 2.000 01-Jul-20 99.94 100.20 99.98 10-Year NX*****Z 2.375 01-Jun-25 97.1 97.40 97.25 15-Year NY*****E 2.875 01-Jul-29 99.04 99.35 99.28 20-Year NZ*****V 3.375 01-Sep-33 104.44
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    • AGRI METALS ENERGY
      • 250 9 Jul-1 Price Net change change Last Trade Agricultural Jul-1 CBOT Soybeans (US cents/bu) 1044.00 -12.25 -1.16% 14/07/2015 CBOT Soybean Oil (US cents/lb) 33.01 -0.55 -1.64% 14/07/2015 CBOT Wheat (US cents/bu) 587.50 -27.25 -4.43% 14/07/2014 Jul-1 LIFFE Cocoa (£/tonne) 2155.00 16.00 0.75% 16/07/2015 LIFFE Coffee (US$/tonne) 1813.00 -72.00 -3.82%
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  • Page 5 Advertisements
    • 223 5 2014 DISTINGUISHED PARTNER IN PROGRESS AWARD Presented to Emerson on 29 June 2015 In recognition of the company's outstanding contribution to Singapore's economic growth through a variety of strategic business activities, such as manufacturing, research and development, and business control tower functions; and commitment to the country's social and community
      223 words

  • Page 6 Advertisements
    • 3140 6 LOTTVISION LIMITED (Incorporated in Bermuda) Registration No. ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2015 Annual General Meeting of LOTTVISION LIMITED (the “Company”) will be held at Maxwell Chambers Pte Ltd, Medium Room Level 3, 32 Maxwell Road, #03-01, Singapore *****5 on 28 July 2015
      3,140 words

  • Page 7 Advertisements
    • 111 7 0 .T-107 iA II =3. •an iTOTAIT T SOUTH 3. S^fis z ru*s TA2 20h Congratulations to TOTAL OIL ASIA-PACIFIC PTE LTD on your official opening of Total Lubricants Oil-Blending Plant on 3 July 2015 U V T42q•OOn, Best Wishes from your proud Engineering, Procurement Construction (EPC) Partner Rotary Engineering
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  • BANKING & FINANCE
    • 765 10 Number of cross-border deals where a financial adviser was credited has fallen, and they are facing the threat of increased competition from boutique firms BLOOMBERG Hong Kong ASIAN investment bankers are watching the region’s busiest deal spree on record, with upwards of
      BLOOMBERG  -  765 words
    • 351 10 BLOOMBERG New York EVAN Greenberg just took dealmaking to the next level. The chief executive of property-and-casualty insurer Ace Ltd on Wednesday announced a US$28 billion deal for rival Chubb Corp. It’s the biggest acquisition in the industry since the
      BLOOMBERG  -  351 words
  • Page 10 Advertisements

  • ENERGY & COMMODITIES
    • 264 11 REUTERS Bangkok THE Thai government lowered its forecast for this year’s main-crop rice output by over two million tonnes, according to the latest report from the Office of Agricultural Economics, as the major rice-producing nation battles with a severe
      REUTERS  -  264 words
    • 695 11 Local firms’ small scale and outdated technology will quickly make itself felt when the global players arrive REUTERS New Delhi INDIA’S US$100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive
      REUTERS  -  695 words
    • 299 11 Bank’s analyst warns of rising risks to farm supplies from the El Nino weather pattern BLOOMBERG Singapore TROPICAL commodities including palm oil are favoured over gold and copper in the second half, according to Oversea-Chinese Banking Corp, which warned of rising risks to farm
      BLOOMBERG  -  299 words
  • Page 11 Advertisements
    • 144 11 loFresI US Patented AMAZING TOOL To fight bad breath by removing harmful bacteria on your tongue 8 SoFresh Tongue Cleaner To complete your daily oral care habit Effective Instant Inexpensive Permanent Solution And Brush At One G° SoFresh® bristles are made from exclusive material “Poly Buthyl Teleputalate' which is softer,
      144 words

  • TECHNOLOGY
    • 419 12 HP Enterprise will have less predictable units, while HP Inc will inherit cash-generating PC, printer businesses BLOOMBERG San Francisco HP Inc, the personal computer and printer company that will emerge from the split of Hewlett-Packard Co, could be liable for most of
      BLOOMBERG; PHOTO: BLOOMBERG  -  419 words
    • 427 12 REUTERS Duesseldorf A GERMAN court reaffirmed on Wednesday that YouTube was responsible only for blocking copyrightinfringing videos which had been brought to its attention, but the judicial panel said that the Google video unit could do more to stop breaches. The
      REUTERS  -  427 words
    • 308 12 AFP San Francisco GOOGLE has apologised after an identification program in its new photo app put a “gorillas” label on a picture of a black couple. “We’re appalled and genuinely sorry that this happened,” a Google representative said late on Wednesday in
      AFP  -  308 words
    • 716 12 NYT San Francisco MANY people think that they know what the founder of a tech startup looks like: a 20-something man who spent his childhood playing on computers in his basement and who later dropped out of college to become a billionaire entrepreneur.
      NYT  -  716 words
  • Page 12 Advertisements

  • CONSUMER
    • 749 13 They will have more income clarity, gain from increased shelf space and potentially higher sales volumes REUTERS London SUPPLIERS to Tesco can expect a better deal from Britain’s biggest supermarket chain as it tries to sustain a tentative revival providing their
      REUTERS  -  749 words
    • 179 13 REUTERS Los Angeles GRAMMY-WINNING R&B singer Rihanna is the first artist to surpass 100 million cumulative digital singles, the Recording Industry Association of America (RIAA) said on Wednesday. Rihanna, 27, topped the list of artists with the most digital singles, coming in
      REUTERS; PHOTO: AFP  -  179 words
    • 260 13 John Lewis to charge for click collect Online orders for delivery of products costing less than £30 to incur £2 charge from July 28 onwards REUTERS London BRITAIN’S biggest department store group, John Lewis, is to begin charging customers using click collect for low-value items, the first major UK retailer
      REUTERS  -  260 words
  • Page 13 Advertisements
    • 117 13 iia I 1 ec 3rBT*ft. .1 ft H r r <ia r •Hi niu Singapore Business Advisors Consultants Council (SBACC) presents the inaugural Singapore Management Consulting (SMC) Awards 2015. The SMC Awards recognises leaders in the management consulting industry and their accomplishments. Management consultants are invited to vie for 3
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  • TRANSPORT
    • 761 14 Wall Street signalling that carriers have done too little to curb seat supply amid fall in airfares BLOOMBERG Dallas AMID a drop in airfares and a surge in seating, US antitrust officials surprised airline investors with an investigation into whether carriers are
      BLOOMBERG; PHOTO: BLOOMBERG  -  761 words
    • 537 14 BLOOMBERG Tokyo TOYOTA Motor Corp’s first female executive lasted just 90 days in the job, resigning two weeks after a drug-relat-ed arrest and dealing a setback to president Akio Toyoda’s efforts to diversify management ranks. Julie Hamp, 55, Toyota’s chief communications officer and one of
      BLOOMBERG  -  537 words
  • Page 14 Advertisements
    • 2307 14 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w. c a t s c
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    • 659 14 In the matter of the Companies Act, Cap 50 And In the Matter of ASIAN GROUPAGE SERVICES PTE. LTD. (Company Registration No: *****4132H) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act (Cap 50), that a meeting of creditors of the abovenamed
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  • REAL ESTATE
    • 549 15  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore “AS the streets get closed off, they come alive with activities: tables and chairs spilling onto the roads, diners enjoying a leisurely cuppa, youngsters hanging out at quirky boutiques, and tourists soaking up another aspect
      549 words
    • 485 15  -  No new developments planned; Q2 vacancy rate falls, with higher demand from pharma, tech firms By Caithlin Ng caithng@sph.com.sg Singapore WITH no new developments planned beyond 2016, the business park sector could face tighter vacancy and possibly an undersupply in the future, according
      485 words
    • 753 16 Local municipality says Horsh Beirut is not properly equipped to receive crowds of visitors REUTERS Beirut WITH 30 hectares of pine forest, it could be Beirut’s answer to New York’s Central Park, but for 20 years the capital’s largest green space has been
      REUTERS; PHOTO: AFP  -  753 words
    • 482 16 BLOOMBERG Boston THE share of US home purchases made with cash has fallen to a five-year low as investors pull back from a property market that’s rebounding without them. Fewer than 25 per cent of sin-gle-family home and condominium purchases were all-cash
      BLOOMBERG  -  482 words
    • 995 17 Average price for a hotel room jumps 88% in the past year to US$397 a night, finds a Bloomberg index BLOOMBERG Los Angeles SAN Francisco already is one of the priciest US cities for apartment renters and companies seeking office
      BLOOMBERG; PHOTO: REUTERS  -  995 words
    • 311 17 BLOOMBERG Bogota AS an infant, Carlos Jimenez survived a US-backed invasion of his south Cuban village, the infamous failed coup at the Bay of Pigs in 1961. Today, Mr Jimenez is expecting another American invasion of tourists –as he awaits the
      BLOOMBERG  -  311 words
  • Page 15 Advertisements
    • 128 15 BRAND NEW GOOD CLASS 2-STOREY SEMI-DETACHED HOUSES WITHIN MINUTES’ WALK TO ORCHARD FOR SALE BY TENDER PROPERTY ADDRESS 41 and 41A One Tree Hill, Singapore TENDER PACKAGE Obtainable from (i) the office of the solicitors for the owners MALLAL NAMAZIE of 18 Cross Street #14-01/02, China Square Central Singapore *****3
      128 words
    • 149 15 80 years of painting pictures of life for the Indian community Tamil Murasu celebrates 80 years as the leading provider of news and information to the Indian community with a commemorative pictorial supplement. Come along with one of the world's oldest Tamil newspapers on its journey of excellence. Read how
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  • Page 16 Advertisements
    • 443 16 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3.5-Storey. 8159 sqft, 6+1 rms ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027 9771 6341 D10 HOUSE FOR SALE CORNWALL GARDENS GCB Leedon. Land approx 18,800 sf. Wide frontage, regular
      443 words
    • 154 16 D10 HOUSE FOR RENT BISHOPSGATE BUNGALOW Prime location!! Move-in condition. Beautiful 5+1 all ensuites. Swimming pool/ courtyard. Matured Garden. Available Immed negotiable. Call owner 9616 2551 D10 HOUSE FOR RENT DUCHESS ROAD 83 Duchess Road. Ramp access. 4200sf land/ 4600sf built up. New built. 7 rms ensuite. Airy. MRT Dec
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  • Page 17 Advertisements
    • 388 17 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED BUY IT SELL IT FIND IT D11 21 HOUSE FOR RENT ANDREW ROAD Beautiful unique Balinese resort bunglw 2½sty 6+2 bdrms with s/pool. Part furn. Great for entertainment. Land *****sf Built-up *****sf.l $30K Jul 2015. 9670 0518/ 9758
      388 words
    • 132 17 D03 SHOP FOR RENT 279 281 OUTRAM ROAD 976 1321 sf shop Along main road. Brand new. Attached toilet AC. Outram MRT Tiong Bahru mkt YKI *****666 D12 FACTORY FOR RENT CT HUB TOP. From 969 to 30,000sf. Corporate image with swimming pool, BBQ. 6m ceiling height. Near MRT/ amenities.
      132 words

  • GOVERNMENT & ECONOMY
    • 528 18  -  By Anthony Rowley btworld@sph.com.sg Tokyo A VARIETY of factors, including lower oil prices, should lead to a gradual decline in food prices (allowing for inflation) over the coming decade, a joint report from the Organisation for Economic
      PHOTO: AFP  -  528 words
    • 682 18  -  Arul Kanda says the company met the rating agency and gave assurance on plans to trim debts By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S debt-laden 1MDB had played a part in securing Fitch Ratings’ affirmation of the sovereign’s long-term
      682 words
    • 504 18  -  By Anthony Rowley btworld@sph.com.sg Tokyo BANGLADESH, Myanmar and Tajikistan are among countries that have been upgraded from “low income” to “lower middle income” countries in the World Bank’s latest global rankings based on per capita Gross National Income (GNI). The
      504 words
    • 442 20 Securities regulator has removed some limits on investors’ minimum deposit requirements AFP Shanghai CHINA’S securities regulator has relaxed rules on margin trading borrowed funds that fuelled a spectacular stock market rally after measures including an interest rate cut failed to stop equities
      AFP; PHOTO: AFP  -  442 words
    • 546 20 REUTERS Stockholm SWEDEN’S central bank cut its benchmark interest rate to -0.35 per cent in a surprise move on Thursday and expanded its asset purchase programme, battling the threat posed by a strengthening crown to consumer prices flirting with
      REUTERS  -  546 words
    • 338 20 AFP London THE BBC said on Thursday that it was cutting more than 1,000 jobs, mostly in management, as part of a long-term drive to reduce costs that has been accelerated by changing viewing habits. More people are watching programmes online, leading to
      AFP  -  338 words
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    • 1197 18 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. c a t s c
      1,197 words
    • 164 18 One man’s junk is another man’s treasure Shop second-hand or sell your possessions In CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988 In the Matter of The Companies Act (Chapter 50) And In the Matter of CALLA BRIDAL PTE LTD (In Creditors’ Voluntary Liquidation) Reg. No. *****7959C
      164 words

  • Page 19 Advertisements
    • 838 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FORTKNOX GLOBAL PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****0829C) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting
      838 words
    • 1285 19 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF CAP 50 AND IN THE MATTER OF TUSCANY INVESTMENTS PTE. LTD. (In Member’s Voluntary Liquidation) (Company Registration No. *****0281C) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of TUSCANY INVESTMENTS PTE. LTD., which is
      1,285 words
    • 241 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ABB AGENCIES PTE LTD Co. Reg. No. *****2597R MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 26th day of June 2015, the following special resolution was duly passed: “That the Company be wound up voluntarily
      241 words
    • 2646 19 SINGHAIYI GROUP LTD. (Company Registration No.: *****3164K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Singhaiyi Group Ltd. (the “Company”) will be held at Pan Pacific Singapore, Ocean 4-5, Level 2, 7 Raffles Boulevard, Marina Square, Singapore
      2,646 words

  • Page 20 Advertisements
    • 24 20 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.cats.com.sg/notices Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
      24 words

  • 1901 21 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 MUA KK JKT MALAYSIA STAR 47 50 10/7 11/7 16/7 18/7 19/7 CALMY CORAL 90 60
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  • Page 21 Advertisements
    • 106 21 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s|£iJhiaritime.coM Ahoy there! If you are in a business pertaining to any sector of
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  • OPINION
    • 544 22 EDITORIAL THE heavy feeling in the air that has dogged Malaysia this year due to a confluence of internal and external factors was briefly supplanted by great relief on Wednesday when Fitch Ratings did not (as widely expected)
      544 words
    • 773 22  -  THE BOTTOM LINE By Joseph Cherian T The writer is practice professor and director of Centre for Asset Management Research and Investments, National University of Singapore Business School, which is celebrating Its 50th anniversary this year THIS week’s formal launch of the Asian
      773 words
    • 1562 22  -  But the Beijing-based bank has spelt out little so far about its mission and geographical focus By Anthony Rowley Tokyo THE Asian Infrastructure Investment Bank (AIIB) is finally “signed, sealed and delivered”. Its Articles of Agreement were endorsed on Monday by 50
      PHOTO: REUTERS  -  1,562 words
    • 875 23  -  REUTERS BREAKINCVIEWS COMMENTARY By Hugo Dixon IT looks like Alexis Tsipras is crumbling. After the banks closed and public opinion started moving against him, the Greek prime minister seems desperate for a deal with his creditors. Athens has now defaulted to the International Monetary Fund, adding to
      875 words
    • 1720 23  -  It cannot be excluded that Mr Tsipras insidiously hatched a plan with Mr Putin to get help from Russia in meeting financial commitments, while staying in the Euro. BY JOERGEN OERSTROEM MOELLER Euro.BY JOERGEN OERSTROEM MOELLER T The writer is visiting
      PHOTO: REUTERS  -  1,720 words



  • Page 25 Miscellaneous
    • 319 25 CRYPTIC CROSSWORD Across 1 Successfully managed an abduction? (7,3) 9 A bird’s twittering, perhaps (4) 10 Fail to honour the commitments of one’s class? (4,6) 11 Fair game (4-2) 12 Cafe serving hot peas (3,4) 15 Supporting, though not coming forward (7) 16 Trade reforms going in step (5) 17
      319 words



  • BT Lifestyle
    • Article, Illustration
      1732 28  -  Craft beer is increasingly becoming the tipple of choice for well-travelled Singapore drinkers who are fuelling a fresh demand for artisanal brew. BY RACHEL LOI AND AVANTI NIM brew.BY RACHEL LOI, AVANTI NIM rachloi@sph.com.sg @RachelLoiBT avantin@sph.com.sg IT started with coffee. Then food, and on to cocktails. Now, Singaporeans’
      1,732 words
    • CITY LIFE
      • 881 24  -  Andreuw Tang, founder of Singapore Pro Wrestling (SPW) and a fighter himself, is turning the dreams of local WWE fanatics into reality. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg WHAT goes through your mind when you watch The Rock on TV, delivering his trademark eyebrow
        PHOTOS: SHAWN DANKER AND JAMES WONG  -  881 words
      • CITY BUZZ BT writers’ picks of what to see, do or talk about
        • Article, Illustration
          165 24  -  By Tay Suan Chiang New cakes at Antoinette IT may be summer all year round in Singapore, but that doesn’t mean we cannot celebrate the season. Chef Pang Kok Keong from Antoinette has created five confections using ingredients inspired by the fruits and flowers of summer. Jasmin cake (below)
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        • 345 24  -  By Tay Suan Chiang DRINKING The Powder Room’s new Cocktail Menu HAVING a drink at The Powder Room is like going to a show headlined by Julian Serna, group bar manager at The Lo Behold Group who’s just revamped the bar’s cocktail menu. Depending on which cocktail
          PHOTO: THE POWDER ROOM  -  345 words
        • Article, Illustration
          186 24  -  By Rachel Loi SIA’s Singapore Heritage Cuisine IF you’re flying on Singapore Airlines (SIA) in the next couple of months, you’re in for a local treat. In honour of the nation’s 50th birthday, the airline will be serving “Singapore Heritage Cuisine” as a meal option in all cabin classes
          PHOTOS: SINGAPORE AIRLINES  -  186 words
        • Article, Illustration
          168 24  -  By Helmi Yusof Allan Sekula: Fish Story, to be continued THE late American photographer and critic Allan Sekula was one of the earliest artists to examine the wide-ranging impact of globalism. His exploration of large economic systems culminated in the seminal exhibition Fish Story (1988 1993, right), which looks
          168 words
        • Article, Illustration
          180 24  -  By Dylan Tan Screening of it Follows ONE of the year’s most talked-about independent horror films of 2014 is finally making it to the big screen here. Cinema collective SCUM (Society of Cult and Underground Movies)is teaming up with The Projector at Golden Mile to present It Follows for
          180 words
    • WINE/ARTS
      • 994 25  -  The extreme heat and drought greatly reduced production and there were concerns about the quality of the wines.BY wines.BY N K YONG I WRITE this from Nice, France, where the temperature at midday can be as high as 33 degrees C dry and
        PHOTO: NK YONG  -  994 words
      • 470 25  -  B y Cheah Ui-Hoon uihoon@sph.com.sg EVERY time artist May Oon came across negative news about foreign workers domestic workers who are abused or labourers living in sub-standard housing it moved her but she felt helpless to do anything about it. “Singaporeans
        470 words
      • 575 25  -  By Cheah Ui-Hoon uihoon@sph.com.sg THE disabled have it tough in life, being faced with physical or social barriers, harassment and even violence. Professionals actors from the UK who are learning-disabled and have experienced such situations will be in Singapore to perform as well
        575 words
    • ARTS
      • 1102 26  -  Actress Sharon Au comes clean about her role in The LKY Musical and that embarrassing SEA Games faux pas. BY HELM I YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT SHARON AU is speaking English with a clipped accent: “He had tremendous a -plomb. Self-confidence. Very jaaunt-y. He was
        PHOTO: JOSEPH NAIR  -  1,102 words
      • 570 26  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT LEGENDARY dancer Sylvie Guillem will return to Singapore for a two-night performance as part of the Esplanade’s 10th annual da:ns festival. The extraordinarily expressive French ballerina was arguably the biggest star of the Paris Opera Ballet and London’s Royal Ballet in
        570 words
      • 508 26  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT THERE’S a hilarious scene in the play The Imagination Of The Future where Chilean President Salvador Allende calls up the US president on the phone and shouts expletives for about five minutes. “Chile will not be another Iraq
        508 words
    • CINEMA/MUSIC
      • 748 27  -  CD REVIEWS By Christopher Lim limchris@sph.com.sg @ChrisLimBT OF the few things that can catapult a band to stardom, none beats being featured in a film soundtrack. Painting the sonic backdrop to a supernatural teen romance has done wonders for Passion Pit
        748 words
      • 595 27  -  There’s a death, a drowning, another death and a final reckoning. Lips quiver and a few tears are shed along the way. Far From the Madding Crowd is a costume drama, after all. BY GEOFFREY EU BY GEOFFREY EU VICTORIAN England was no place for
        595 words
      • 594 27  -  By Geoffrey Eu SETH MacFarlane’s brand of sophomoric R-rated humour which relies mainly on the liberal use of fourletter words, random pop culture references and sight gags involving male private parts and drug paraphernalia is deliberately crude, as if to emphasise his well-deserved reputation as an
        594 words
      • 401 27  - An intriguing character sidelined for love story By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT BENECIO del Toro is rarely a leading man in films, but can always be counted on to be a scene-stealer. He does that once again, playing the larger-than-life drug lord Pablo Escobar in writer-director Andrea Di Stefano’s Paradise
        401 words
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