The Business Times, 10 May 2016

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, May 10, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    222 1 Retailers are facing cash flow pressure as creditors turn cautious and demand faster payments amid the retail industry headwinds. TOP STORIES 2 A Singapore Airlines plane nearly collided during take-off with a Korean Air jet at Seoul’s Incheon International Airport last Thursday after the Korean Air aircraft suddenly
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  • Article
    Lock icon MARKETS
    28 1 Monday Change STI 2,766.06 +35.26 KL COMP 1,632.19 -17.17 NIKKEI 225 16,216.03 +109.31 HANG SENG 20,156.81 +46.94 SHENZHEN B 1,065.20 -30.82 DOW (11.45 AM EDT) 17,692.25 -48.38
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  • Article
    Lock icon CM Pacific joins delisting train as majority shareholder launches offer
    988 1  -  Company’s successful exit would shrink local bourse’s market cap by more than S$1.5 billion By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TOLL road operator China Merchants Holdings (Pacific) a billion-dollar company has moved to delist from the Singapore stock exchange in
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  • Article, Illustration
    Lock icon H1 economic growth likely to be under 2%: survey
    944 1  -  S’pore-based firms’ answers in survey point to high exposure to China; but low growth may bottom out soon By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE’S economic growth for the first half of 2016 might come in at below 2 per cent,
    Source: BT-UniSIM Business Climate Survey  -  944 words
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      116 1 *****1 *****1 THE BUSINESS TIMES our cutting-edge trading platform Fully customisable to suit your trading style, our platform has fast execution and reliability at its core. Couple that with powerful trading tools, advanced charting including over 80 technical indicators and drawing tools, plus native mobile apps. It's a masterpiece created
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      15 1 SHOPHOUSE DEAL Stanley Quek companies sell 7 shophouses for S$81.4m to 8M REAL ESTATE 14
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      24 1 T32 EXPANSION How a dentist uses 3-D printing technology sme/28 HOCK LOCK SIEW A breach is a breach, whatever the outcome companies markets 7
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  • TOP STORIES
    • Article
      Lock icon Cautious suppliers lean on retailers to pay earlier
      467 2  -  DP Information urges industry to come up with battle plan fast to avert cashflow crisis; it also flags F&B sector as another potential flashpoint By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore RETAILERS are facing cash flow pressure as creditors turn cautious and demand
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    • Article, Illustration
      Lock icon A highway out of SGX
      480 2  -  BT takes a closer look at the delisting of China Merchants Holdings (Pacific) and other recent privatisations BY CAI HAOXIANG BT Infographics BY CAI HAOXIANG Recent major delistings NOL: Shipping firm NOL, with a current market capitalisation of S$3.4 billion, is being taken private by
      Source: Bloomberg, news articles, CM Pacific, CIMB BT Graphics:Elenita Sarah Loyola  -  480 words
    • Article, Illustration
      Lock icon Fight against tax evasion to get wider powers
      649 4  -  Wider Approach allows financial firms to collect, retain Common Reporting Standard data for all non-S’pore tax residents PARLIAMENT By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore PARLIAMENT has given the green light for changes to be made in the tax laws to pave
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    • Article
      Lock icon SIA, Korean Air jets in near-collision at Seoul airport
      310 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A SINGAPORE Airlines (SIA) plane nearly collided during take-off with a Korean Air jet at Seoul’s Incheon International Airport last Thursday after the Korean Air aircraft suddenly taxied across the runway without permission. SQ16 was
      310 words
    • Article
      Lock icon Accused Kelvin Ang in 1MDB case released on bail
      331 4  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore KELVIN Ang Wee Keng, who was charged on April 20 with corrupt transactions following an ongoing probe into 1Malaysia Development Berhad (1MDB), was released from remand on Monday with bail set at S$ 100,000. At
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    • Article
      Lock icon Govt, town councils to bear bulk of HDB shops’ upgrading costs
      431 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore AMID heightened competition from suburban malls and a growing e-com-merce scene, Housing and Development Board (HDB) shops are getting a significant helping hand from the government they will now foot just a fifth
      431 words
    • Article, Illustration
      Lock icon New Saudi oil boss seen chasing record output to fight shale
      724 4 BLOOMBERG Dubai SAUDI Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the world’s largest exporter sticks with his predecessor’s policy of defending market share against higher-cost shale. Mr Al-Falih,
      BLOOMBERG  -  724 words
    • Article
      Lock icon PSA launches S$20m programme to groom logistics startups
      514 6  -  PSA unboxed will invest in and nurture pre-seed startups with innovative solutions to boost port productivity By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore INNOVATION doesn’t come from thinking inside the box and PSA International knows this. On Monday, the Singapore-based port group unveiled
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    • Article
      Lock icon Shanghai Clearing House to launch FTZ bond market
      956 6 IFR Hong Kong CHINA is drawing up a pilot scheme to give foreign investors easier access to renminbi-denominated bonds in the Shanghai Free Trade Zone as soon as this month. The initiative will allow foreign investors to clear and settle the bonds
      IFR  -  956 words
    • Article, Illustration
      Lock icon New German European School to open in Aug 2018
      452 6  -  By Grace So graceso@sph.com.sg Singapore The German European School Singapore (GESS) on Monday officially broke ground for its new campus along Dairy Farm Road. The S$ 135 million campus, which is expected to make Singapore more attractive to European expatriates with
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    • Article, Illustration
      Lock icon Proposed rule changes make overseas M&A easier for China firms
      844 6 China plans to remove approval requirement for some outbound deals, allow Chinese firms to vie for same target REUTERS Hong Kong CHINA is planning to remove the need for State Council approval for large, sensitive outbound deals and will allow
      REUTERS; PHOTO: AFP  -  844 words
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      6 2 •II r. J J •>. t I
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      162 2 Unmask deeper global business truths by going beyond the facades of understanding 34 years of partnership between East and West STANFORD–NUS EXECUTIVE PROGRAMME IN INTERNATIONAL MANAGEMENT 13 27 Aug 2016 Immerse in the vibrant cultures of two of the world’s most respected academic institutions. The Stanford–NUS Executive Programme, held in
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      69 5 IS NOW Our name is now “Delfi Limited” which more clearly reflects our identity as a major regional chocolate company. What hasn’t changed are our strong guiding principles, goals and focus; and our commitment to creating value for all our stakeholders. With a vibrant heritage steeped in quality and innovation,
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  • COMPANIES & MARKETS
    • Article
      Lock icon A breach is a breach, whatever the outcome
      960 7  -  HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT IF A tree falls in a forest and everyone claims he or she did not hear it, did it make a sound? That metaphysical question could probably keep philosophers in business for another century.
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    • Article, Illustration
      Lock icon China Everbright Water eyes ‘sponge city’ deals in China
      503 7  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MAINBOARD-LISTED China Everbright Water is like still water that runs deep. An under-researched company, it is building China’s first pilot “sponge city” in Zhenjiang, a 2.585 billion yuan (S$543 million) project to create urban
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    • Article, Illustration
      Lock icon Noble shares in steepest fall since Nov 2011 after Fitch debt ratings move
      349 7 HOT STOCKS BLOOMBERG Singapore NOBLE Group Ltd plunged the most in more than four years after Fitch Ratings Ltd placed the company’s debt ratings on negative watch as Asia’s largest commodity trader was seen facing less financial
      BLOOMBERG; Source: Bloomberg  -  349 words
    • Article, Illustration
      Lock icon Parkson Retail shares down 17% on loss warning
      224 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PARKSON Retail Asia plunged 17 per cent to S$0.191 on Monday, leading up to the release of its third-quarter results on May 12. Last Friday, the department store operator said that the group will be reporting
      Source: Bloomberg  -  224 words
    • Article
      Lock icon Vard Holdings’ client ends contract for newbuild vessel
      558 8  -  Harkand Group is in administration; Vard says it will keep the advance payments Harkand has made and sell the vessel By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore YARD group Vard Holdings announced on Monday that its UK-based client, Harkand Group, has terminated
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    • Article
      Lock icon Challenger’s Q1 net profit up 2% to S$3.76m
      252 8  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CHALLENGER Technologies’ net profit inched up 2 per cent year-on-year to S$3.76 million for the first quarter ended March 31, 2016, as revenue rose 8 per cent to S$90.39 million. Revenue from its IT products and
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    • Article
      Lock icon Vallianz posts dip in Q1 earnings; wins new deal
      329 8  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore VESSEL provider Vallianz Holdings on Monday reported a 1.6 per cent drop in net profit to US$4.9 million, while revenue fell 18.8 per cent to US$49.3 million in its first quarter ended March 31, 2016.
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    • Article, Illustration
      Lock icon STI / Catalist
      61 10 STI Catalist Straits Times Index May 9,2016 2,766.06 +35.26 (+1.29%) Current streak 1 day Day high 2,766.06 Day low 2,734.31 52-week high 3,470.80 (May 11,2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index May 9,2016 442.11 -2.25 (-0.51%) Current streak 2 days Day high 448.56 Day low 441.16
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    • Article, Illustration
      Lock icon STI ends losing streak to close 1.3% up
      667 10  -  Last Friday’s gains on Wall Street and the expectation of a postponement of a Fed rate hike buoy trading sentiment STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THE local bourse’s key index broke a losing streak that had lasted more than two weeks
      Source: Bloomberg  -  667 words
    • Article
      Lock icon STI STOCKS
      310 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 cd +3 244/241 255 209 6.3 6413.4 CapitaCom Trust 139 -1.5 141.5/138.5 166.5 122.5 6.2 4109.3 CapitaLand 298 unch 300/295 367 267 11.9 3 *****.3 CapitaMall Trust 213 +8 213/207 224
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    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Noble 106,403,600 Vallianz 72,240,500 Ezra 52,504,000 Singtel 30,657,100 Rex Intl 30,497,000 Market volume 1,508,283,000 VALUE Singtel 117,527,043 DBS Grp 58,524,642 Noble 40,364,462 OCBC Bank 38,545,658 Ascendas Reit 36,109,214 Market value 960,047,000
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    • Article
      Lock icon SGX ETFS Most Active
      110 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 281 +3 625 281/278 351/254 280/281 Nikko AM STI ETF 285 +3 68 286/283 357/259 285/287 6.9 DBXT CSI300 US$ US779 -38 61 803/779 1471/700 782/784 DBXT MSRussia US$ US193 -1 55 195/193 235/129
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 May 9 VALUE CLOSE BT OB/OS -708.00 -4.00 BT CADI -*****.00 -55.00 BT 10-day MA -*****.00 -71.00 FTSE ST Mid Cap 674.92 -1.70 FTSE ST Small Cap 391.61 -2.46 FTSE ST All Share 678.54 +6.56 FTSE ST China Top 159.98 -0.68 FTSE ST China 190.97 +1.08 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index May 9,2016 678.54 +6.56 (+0.98%) Current streak 1 day Day high 678.54 Day low 672.99 52-week high 831.03 (May 11, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index May 6,2016 1,639.22 -2.39 (-0.15%) Current streak 6 days Day high 1,643.88 Day low 1,627.76 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 4 6 0 1 0 4 5 6 Manufacturing 34 44 26 7 10 8 41 54 34 Commerce 16 17 11 4 3 5 20 20 16 Tpt/Stor/Comms 12 12 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,139 2,209 25,348 59,501 447 59,948 Manufacturing 104,490 39,376 143,866 86,450 2,240 88,690 Commerce 151,486 87,563 239,049 86,854 3,563 90,417 Tpt/Stor/Comms 143,952 2,940 146,892 194,259 248 194,507 Finance 14,506 7 14,513 148,118 1 148,119 Construction
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    • Article
      Lock icon GAINERS
      73 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 204.7 0.7 *****/***** JMH USD 5558 113.2 1.5 6272/4500 Jardine C&C 3565 59.0 1.7 4520/2636 JSH USD 2934 51.8 1.3 3544/2524 Lyxor MS India US$ 1464 38.2 1.9 1840/1331 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.7 250.0 0.5
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    • Article
      Lock icon LOSERS
      77 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -191.0 -1.2 *****/***** Lyxor Indonesia US$ 7762 -107.8 -1.0 8804/6250 Lyxor ChinaH US$ 1161 -87.3 -5.2 2055/999 DBXT CSI300 US$ 779 -51.8 -4.7 1471/700 DBXT MSINDIA US$ 923 -30.0 -2.3 1080/816 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE ChasWood Res 110.0 0.025 -0.020 -44.44 Serrano 1,075.0 0.017 -0.009 -34.62 IFS Capital 269.4 0.225 -0.055 -19.64 HuanHsin 803.0 0.008 -0.007 -46.67 OLS 7,625.4 0.008 +0.002 +33.33 VGO 70.0 0.090 +0.020 +28.57 GS Hldg 1,655.0 0.265 +0.015 +6.00 ChangtianPlastic 227.9 0.780 +0.080 +11.43 Sen Yue
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    • BROKERS’ TAKE
      • Article
        Lock icon OUE Hospitality Trust Buy
        130 10 Target price: S$0.75 May 9 close: S$0.67 DBS Group Research, May 9 THE trust’s Q1 2016 distribution per unit (DPU) of 1.1 Singapore cents (-26 per cent) year-on-year was below expectations, drag from recent rights issue and weaker contribution from Mandarin Gallery. The hotel portfolio is
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      • Article
        Lock icon Oxley Holdings Buy
        183 10 Target price: S$0.91 May 9 close: s$0.42 RHB Research, May 9 OXLEY Holdings reported Q3 FY2016 net profit of S$51 million, a jump of 330 per cent year on year, bringing the group’s cumulative profits for the nine months ended March 2016 to S$132 million. To date,
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      • Article
        Lock icon Wing Tai Holdings Ltd Buy
        273 10  -  Compiled by Claire Huang May 9 close: S$1.795 OCBC Investment Research, May 9 Wing Tai reported that its Q3 FY2016 revenues and operating profit fell 35 per cent and 91 per cent to S$43 million and S$1.6 million, respectively, as the group faced another challenging
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    • Article
      Lock icon CALENDAR
      6 10 DATA IMay 10 China CPI
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    • Article
      Lock icon Yen hits 10-day low on intervention warning
      465 11 CURRENCIES REUTERS London THE yen hit a 10-day low against the US dollar on Monday after Japan’s finance minister said that Tokyo was ready to intervene in the currency market if needed, and as stronger risk appetite sapped demand for traditional safe havens.
      REUTERS  -  465 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 May 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 4.779 0.645 5.698 48.820 97.625 0.790 8.591 2.948 1.077 76.863 34.593 1.002 10.978 0.713 23.816 25.803 0.510 0.734 Canada 1.052 5.028
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 11 May9 S$ Bid Offer 1-month 1.3648 1.3661 2-months 1.3657 1.3667 3-months 1.3660 1.3672 6-months 1.3677 1.3690 Source: OCBC
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 May 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0017 1.0025 0.7342 0.7344 Canadian dollar 1.0538 1.0548 0.7727 0.7724 Euro 1.5534 1.5548 1.1386 1.1390 NZ dollar 0.9296 0.9307 0.6814 0.6818 Sterling pound 1.9623 1.9641 1.4383 1.4388
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        396 11 May 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9360.00 9410.00 9217.50 9217.50 *****3 *****5 Jun16 9110.00 9155.00 8980.00 8980.00 6194 ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep16 *****.00 *****.00 *****.00 *****.00 60 1185 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        212 11 May 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.2 -0.3 7103 0.1 1480 2 OCBC Bk MBeCW*****4 7.3 -0.2 3134 0.1 820 5 UOB MB eCW*****5 4.4 -0.1 3052 0.1 1890 2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr May 6 Index Change Change Change Change Change Change World Preliminary 1234.5 -0.2 -3.4 -0.2 -5.5 -0.2 -1.5 EAFE Preliminary 924.9 -0.1 -8.7 -0.1 -8.4 -0.1 -4.5 Europe Preliminary 1314.3 -0.1 -7.0
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 May 9 $S Offer Bid 0vernight 0.03 0.01 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.40 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 1.05 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 11 May 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 98.98 5-Year NX*****X 2.250 01-Jun-21 103.02 103.14 102.99 10-Year NX*****Z 2.375 01-Jun-25 102.98 103.08 103.08 15-Year NZ*****F 2.875 01-Sep-30 106.04 106.20 106.20 20-Year NZ*****V 3.375 01-Sep-33 113.04 113.15 113.15
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 May-6 Price Net change change Last Trade Agricultural May-6 CBOT Soybeans (US cents/bu) 1026.25 22.75 2.27% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.81 0.80 2.50% 13/05/2016 CBOT Wheat (US cents/bu) 453.25 0.25 0.06% 13/05/2016 May-6 LIFFE Cocoa (£/tonne) 2225.00 -49.00 -2.15% 13/05/2016 LIFFE Coffee (US$/tonne) 1619.00 35.00 2.21%
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    • Article
      Lock icon FCL seeks Reit listing for Australian assets
      451 12  -  Relevant applications have been made to SGX and MAS By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FRASERS Centrepoint Limited (FCL) said on Monday that the relevant applications for a new real estate investment trust (Reit) have been made to regulatory authorities such as the
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    • CORPORATE DIGEST
      • Article
        Lock icon Tiger Airways
        71 12 TIGER Airways will be delisted from the Singapore Exchange at 9am on Wednesday (May 11) after parent company Singapore Airlines successfully launched a takeover bid. In November last year, SIA announced it was seeking to acquire the shares it did not already own in Tiger at 41 Singapore
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      • Article
        Lock icon Chew’s Group
        73 12 CHEW’S Group Ltd said on Monday evening that its wholly owned subsidiary Chew’s Agriculture will be divesting its current farm premises located at 20 Murai Farmway and an agreed list of assets to the government for S$38.65 million, excluding goods and services tax (GST). In turn, Chew’s Agriculture
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      • Article
        Lock icon CNA Group
        74 12 JUDICIAL managers of CNA Group, which has been suspended from trading, on Monday said CNA has agreed with SCR International Holdings to transfer its listing status through a scheme of agreement. SCR is set to be the holding company of various subsidiaries involved in real estate development and
        74 words
      • Article
        Lock icon Gallant Venture
        66 12 GALLANT Venture Ltd marked a steeper net loss of S$15.66 million for the first quarter ended March 31, from a net loss of S$10.41 million a year ago. This was due mainly to lower revenue, which slipped 18 per cent to S$472.22 million. The group sold lower-priced vehicle
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      • Article
        Lock icon Centurion Corp
        66 12 CENTURION Corporation posted a net profit of S$9.32 million for the first quarter ended March, up one per cent compared to S$9.20 million a year ago. Revenue for the quarter climbed 13 per cent, from S$25.28 million to S$28.54 million. The growth in revenue was mainly due to
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      • Article
        Lock icon BreadTalk Group
        64 12 BREADTALK Group’s net profit rose 22.2 per cent year-on-year to S$2.45 million in the first quarter ended March 31, 2016. Revenue rose 1.4 per cent to S$154.56 million. Earnings per share stood at 0.87 Singapore cent in Q1 2016, compared to 0.71 cent in the corresponding period a
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    • Article
      Lock icon SGX MAINBOARD
      1824 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 138xd +1.5 200 138.5 136 0.9 8.2 876.8 Div 175.5 101 ARA Asset Mgmt 123 unch 541 124
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    • Article
      Lock icon SGX CATALIST
      317 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (’000) High Day LOW Div C'vr 19.9 8.3 t Anchor Resources 12.4 -0.2 5332 13.2 12.2 34.7 Net P/E MCap 25.5 8.8 t 3Cnergy 9.5 11.4 32
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    • Article
      Lock icon SGX ETF
      119 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4190 2355 DBXT China50 US$ US2654 -16 6 2675 2650 7.3 399 190 DBXT MSBrazil US$ US304 +1 23 304 304 Low Div C'vr 227.4 158.5 DBXT
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      Lock icon Page 7 Advertisements Column 1
      127 7 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements res cn c m Everyone loves a pampering flight. A welcome bubbly champagne, Rimowa luxurious amenity kit, slip into a comfy pajamas and your seat, now a flat bed. That's cozy. Royal Laurel a s
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      260 8 BACK BY POPULAR DEMAND! SME101 MARKETING BOOTCAMP: LEAD GENERATION STRATEGIES USING SOCIAL MEDIA, VIDEO AND MOBILE MARKETING Who should attend: Senior and Middle Management, Managers, Sales and Marketing Professionals, Business Owners and anyone interested in learning cost effective tools and techniques to create awareness for your brand, improve leads and
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      17 8 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • Page 12 Advertisements
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      334 12 SHAPING THE FUTURE ECONOMY: THE BUSINESS TIMES LEADERS' FORUM 2016 SINGAPORE'S FUTURE ECONOMY Standard Chartered Event Information Date: Tuesday, 31 May 2016 Time: 8.30am to 2pm Venue: The Ritz-Carlton, Millenia Singapore How Singapore Can Chart Its Next Phase Of Growth Register Now! Standard Chartered Credit Debit cardholders: $150 per person
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      94 13 SGX^ Research like a pro. Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation, in relation
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Stanley Quek companies sell 7 shophouses for S$81.4m to 8M Real Estate
      833 14  -  Gross yield works out to 4%. Portfolio includes 5 adjoining properties on Tanjong Pagar Road By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A GROUP of companies controlled by seasoned property investor Stanley Quek is selling seven shophouses for S$81.4
      PHOTOS: AIDAN LOO  -  833 words
    • Article
      Lock icon British seaside town approves ban on new holiday homes
      177 14 AFP London RESIDENTS of an English seaside town regularly swamped by tourists in the summer have voted for a ban on new holiday homes, in a referendum that could set a precedent for similar picturesque spots. People in St Ives in
      AFP  -  177 words
    • Article
      Lock icon Miami faces glut of upscale hotel rooms
      1017 14 Pullback in Brazilian travel and building boom adding thousands of rooms blamed BLOOMBERG Miami HOTELS in sun-drenched Miami are getting burned by a pullback in Brazilian travel and a building boom that has added thousands of rooms to the market. Nightly room costs
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    • Article
      Lock icon ANZ, Westpac find mortgages backed by dubious foreign income
      365 15 Banks have stopped new loans to offshore customers who aren’t citizens or don’t hold appropriate residency visas BLOOMBERG Sydney TWO of Australia’s largest lenders, which tightened home loans to some foreigners, said they uncovered mortgages backed by questionable over-seas-income documentation. Australia
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    • Article
      Lock icon Saudi Arabia imposes annual tax on undeveloped land
      256 15 REUTERS Riyadh SAUDI Arabia has imposed an annual tax on undeveloped urban land, the Housing Ministry said on Sunday, finalising the rules for a system intended to address a politically sensitive shortage of affordable housing. The introduction of a land tax, first
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      242 14 AUSTRALIAN PROPERTY FINANCE nil Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. W: www.smats.net E: smats@smats.net T:
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      93 14 COMMERCIAL SHOPHOUSES WITHIN TRENDY KAMPONG GLAM f CUSHMAN WAKEFIELD Estate Agents Licence No:L*****33E 3 ADJOINING UNITS OF 2/z-STOREY CONSERVATION SHOPHOUSES Located along the up-and-coming Jalan Klapa •Approved for‘Hotel’ use Land Area: approx. 4,275 sf •Total Floor Area: approx. 7,91 I sf NoABSD Foreigners are eligible to buy Minutes’ walk to
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      65 15 2 3 J U N E 1 6 SPH News Centre 9.00am to 5.00pm SME 101 MARKETING BOOTCAMP Trainer: Pamela Wigglesworth EARLY BIRD ENDS 16 MAY 2016 $788 To register or find out more about the bootcamp, visit http://learning.stjobs.sg/ bootcamp STJOBS LEARNING “A thoroughly enjoyable work from a veteran Asian
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      249 15 Expected TOP 1 st Quarter 2017 Vr 5V m iiK Si A <■ iKw S5 a* W J5S2S*i\ ■> jigtte: Artist’s Impression Inspiring Works. Creating Opportunities. X lx •51 1 r> L. Artist Impression OFFICE FOR LEASE 25-storey office development comprising a 2-storey podium with medical suites and F&B units
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  • BANKING & FINANCE
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      Lock icon SWIFT technicians left Bangladesh Bank exposed to hackers: police
      960 16 They are believed to have introduced vulnerabilities when connecting financial network to country’s first RTGS system REUTERS Dhaka BANGLADESH’S central bank became more vulnerable to hackers when technicians from SWIFT, the global financial network, connected a new bank transaction system to
      REUTERS; PHOTO: REUTERS  -  960 words
    • Article
      Lock icon 1MDB to explain interest default to US$ bondholders
      241 16 BLOOMBERG Kuala Lumpur 1 MALAYSIA Development Bhd, the state-owned investment company that defaulted on a US$1.75 billion bond last month following a dispute with a co-guarantor, is reaching out to US dollar bondholders to explain why it didn’t pay the interest on
      BLOOMBERG  -  241 words
    • Article
      Lock icon China’s reverse-merger candidates dive on regulatory scrutiny
      430 16 BLOOMBERG Hong Kong CHINESE companies seen as candidates for reverse mergers plunged for a second day after the nation’s securities regulator signalled that the trend of delisting in the US to sell shares in the mainland at higher valuations would come under greater
      BLOOMBERG  -  430 words
    • Article
      Lock icon RBI stimulus working as rare issuers revive rupee bond market
      732 16 BLOOMBERG Mumbai INDIA’S rare issuers are returning to the bond market as the central bank’s plan to boost cash in the financial system drives down borrowing costs. Tata Realty Infrastructure, part of the nation’s biggest conglomerate, made its rupee bond
      BLOOMBERG  -  732 words
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      170 16 Have you ever wondered how the rich attain their wealth and keeps it growing? Do you dream of retiring early (or being able to retire at all)? You want to invest but you don’t know where to start? Investment 101 is the answer to your questions! The world of investment
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      96 16 THE BUSINESS TIMES LEADERS' FORUM 2016 SINGAPORE'S FUTURE ECONOMY SHAPING THE FUTURE ECONOMY: How Singapore Can Chart Its Next Phase Of Growth The forum will explore how Singapore can build a new economic eco-system, and create positive outcomes from disruption while playing to its strengths. It will feature Finance Minister
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      60 16 2016 ms-expo.com ■5 "LIKE US" Manufacturing Solutions Expo MANU FACTURINGSOLUTIONSEXPO The Future of Manufacturing 12-14 October 2016 Suntec Singapore The High Value Manufacturing Solutions in the ASEAN Region A Platform to Unveil the Latest Manufacturing Techniques through: Invito mat,q <a mewo rk i¥£ To exhibit, call +65 6319 4021 or
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      528 17 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m s g I www.sphclass.com.sg/notices CORDLIFE GROUP LIMITED (Registration No: *****2883E) (the "Company") WITHDRAWAL OF NOTICE OF EXTRAORDINARY GENERAL MEETING We, the Members holding in aggregate approximately 22.49% of the
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      972 17 m sinmsns^lnei KRUNGTHAI BANK Head Office: 35 Sukhumvit Road, Klong Toey Nua Subdistrict, Wattana District, Bangkok ***** Thailand Singapore Office: 65 Chulia Street, #32-05/07 OCBC Centre, Singapore *****3 Tel: (65) 6533-6691, Fax: (65) 6533-0930 Co. Reg. No.: S94FC4735E (Thousand Baht) Consolidated Financial Statements Dec 31, 2015 Dec 31,2014 Jan 1,2014
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  • ENERGY & COMMODITIES
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  • TECHNOLOGY
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      Lock icon Data boom will not last forever for India’s phone tycoons
      458 20  -  For now, some investors are ignoring the risk of revenue stalling with data prices plunging in a fierce price war By Andy Mukherjee BLOOMBERG Singapore INDIA’S reigning telecom tycoons, Sunil Bharti Mittal and Kumar Mangalam Birla, couldn’t possibly be more
      BLOOMBERG; PHOTOS: BLOOMBERG  -  458 words
    • Article
      Lock icon Twitter cuts off US intelligence agencies from key analytics: WSJ
      404 20 BLOOMBERG San Francisco TWITTER Inc has cut off US intelligence agencies from using a key analytics service for surveillance, according to The Wall Street Journal, the latest example of a Silicon Valley company clashing with the government over user privacy.
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      Lock icon With selfie security, a password that’s in your face
      1000 20 WP Washington THE selfie is about to get serious. Already ubiquitous at parties and for capturing Instagram-worthy landscapes, the act of raising a phone to your face and finding the perfect photo angle could take on a whole new role in
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      Lock icon Wanted: manufacturing whizzes to work on Tesla Motors’ Model 3
      671 20 REUTERS San Francisco TECHNOLOGY entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors Inc build a million all-electric cars a year by 2020. Mr Musk says
      REUTERS; PHOTO: REUTERS  -  671 words
    • Article
      Lock icon China court rules against ‘face book’ beverage in trademark case
      278 20 REUTERS Hong Kong CHINESE people won’t be able to quench their thirst with a refreshing “face book” beverage, after the US social networking company won a rare trademark victory against a local firm in China. By contrast, Apple Inc last
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  • CONSUMER
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      Lock icon Thousands troop in to check out Disney’s new Shanghai theme park
      768 21 The biggest park-operated Disney store in Asia, restaurants opened on Saturday to long lines BLOOMBERG Shanghai STILL a month away from its official opening, Walt Disney Co’s latest theme park resort in Shanghai is already a popular destination attracting
      BLOOMBERG; PHOTO: BLOOMBERG  -  768 words
    • Article
      Lock icon As pollution from online shopping grows, London funds a solution
      647 21 BLOOMBERG London LONDON’S delivery companies are experimenting with electric vehicles to curb the smog spewed by vans distributing parcels packed with goods purchased on the Internet. The UK capital’s transport authority is catalysing the transition from diesel to battery-powered vehicles
      BLOOMBERG  -  647 words
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      2021 21 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CAMSING HEALTHCARE LIMITED (Company Registration No. *****3888Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (“AGM”) of Camsing Healthcare Limited (the “Company”) will be held at 4 Shenton Way
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  • TRANSPORT
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      Lock icon Takata’s global air bag recall may increase to 118.5 million
      521 22 Japan, other markets likely to follow US in calling back all air bag inflators that lack moisture-absorbing desiccant BLOOMBERG Tokyo TAKATA Corp’s air bag recalls may increase to 118.5 million worldwide after last week’s order by US regulators compounded the
      BLOOMBERG; PHOTO: REUTERS  -  521 words
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      Lock icon Petrol delivery startups hit the road in California
      1650 22 But officials say driving around in a pickup truck with hundreds of gallons of petrol may be unsafe WP San Francisco A NEW crop of startups are trying to make petrol stations obsolete. Tap an app, and they’ll bring the petrol to
      WP; PHOTO: BLOOMBERG  -  1,650 words
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      Lock icon Negative rates hit global shipping market as zombies slow M & A
      469 22 Negative rates hit global shipping market as zombies slow M A BLOOMBERG Copenhagen THE owner of the world’s biggest shipping line says negative interest rates are hurting the industry by delaying the consolidation wave so badly needed. The monetary policy environment “means that consolidation will be much slower because it’s
      BLOOMBERG  -  469 words
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  • GOVERNMENT & ECONOMY
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      Lock icon China data may sway Fed’s rate decision
      618 23 Any evidence of a further slowdown could dissuade US central bank from tightening policy as expected in June REUTERS London THE Federal Reserve’s debate over whether to raise US interest rates in June may be decided in the coming week, as investors look
      REUTERS  -  618 words
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      Lock icon Greece adopts reforms ahead of Eurogroup talks
      701 23 Doing so should unlock next tranche of 86 billion euro bailout the third for the country since 2010 AFP Athens GREEK lawmakers adopted a controversial package of pension cuts and tax hikes as eurozone finance ministers met for an emergency meeting on Monday
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      Lock icon Duterte takes chunky lead in Philippines vote count
      520 23 REUTERS Manila FIREBRAND Philippine city mayor Rodrigo Duterte took a commanding lead as unofficial presidential election results poured in on Monday, suggesting the political outsider’s pledges to crush crime and corruption had carried the day. Three hours after polling stations had closed,
      REUTERS; PHOTO: AFP  -  520 words
    • Article
      Lock icon Major banks cling to Japan debt, obstructing BOJ inflation target
      752 23 BLOOMBERG REUTERS Tokyo A GROUP of Japanese banks that includes the nation’s biggest three lenders is growing reluctant to sell government bonds to the Bank of Japan (BOJ), creating what could be an obstacle between governor Haruhiko Kuroda and his
      BLOOMBERG; REUTERS  -  752 words
    • Article
      Lock icon Khazanah seeking bank pitches to pare stakes in 3 firms
      273 23 BLOOMBERG Kuala Lumpur MALAYSIAN sovereign fund Khazanah Nasional is considering paring its stakes in three listed companies, in deals that could raise as much as RM3.6 billion (S$ 1.2 billion), according to people familiar with the matter. The state-owned investor
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  • OPINION
    • Article
      Lock icon Dial down the panic over Trump’s nationalism and protectionism
      552 24 EDITORIAL THE news that Donald J Trump will be the Republican presidential nominee may have come as a shock to many observers around the world, and even to American pundits who had dismissed the former television reality show personality as nothing
      552 words
    • Article
      Lock icon Competing for the digital dollar
      818 24  -  THE BOTTOM LINE By Ng Li Lian T The writer is head of business banking at HSBC Singapore ASK any Singapore corporate with retail operations and they will likely tell you that the retail scene here is highly challenging. They grapple with high storefront rentals,
      818 words
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      Lock icon GOP conservatives unlikely to back Trump
      1404 24  -  Despite the support of Republican voters for Trump and calls for unity, they regard the brash New Yorker as a dangerous demagogue and have no plans to vote for him. By Leon Hadar Washington WHAT do George H W Bush, George W Bush and
      PHOTO: AFP  -  1,404 words
    • Article
      Lock icon ‘Super Thursday’ sets stage for EU referendum anxiety
      1018 25  -  COMMENTARY By Andrew Hammond TThe writer is an Associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Politics) at the London School of Economics WITH only weeks before the June 23 “in-out” European Union (EU) referendum, Britain held “Super Thursday”
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    • Article
      Lock icon Better for Britain to carve out a new leadership role in the EU, not exit it
      586 25  -  COMMENTARY By Conor McCoole T The writer is president of the Irish Chamber of Commerce (Singapore) VOTERS in the UK referendum on June 23 are presented with two truly depressing alternatives: the first is
      586 words
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      Lock icon Public vs private funding: the jury is still out on the balance
      1335 25  -  In the financing of infrastructure, it is a positive development that the divergent views on this have been acknowledged. A solution could follow. By Anthony Rowley Tokyo IT SEEMED like a Freudian slip when Asian Development Bank (ADB)
      PHOTO: BLOOMBERG  -  1,335 words
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  • Page 26 Advertisements
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      1103 26 s-i. the Business times Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul
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      112 27 SMALLER OFFICE SPACES NOW AVAILABLE AT ASIA SQUARE. 650 to13,000 sq ft of unlimited potential. Expect more for your business at Asia Square. With two floors of pre-fitted office space now available, you will be right in the heart of the new CBD with easy MRT and parking access. Amenities
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  • SME
    • Article
      Lock icon Cyber attacks: wake-up call for SMEs
      1023 27 Companies in Asia are targeted by attackers 40 per cent more than the global average, according to FireEye. BY RICK SCURFIELD T The writer is president, NetApp APAC IT'S been said that just the appearance of a security system can sufficiently deter thieves from
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      Lock icon Med-school reject pioneers 3-D printing in dentistry
      1555 28  -  The founder of T32 Dental Centre has plans to set up a regional powerhouse in dentistry. BY RENALD YEO BY RENALD YEO yrenald@sph.com.sg IMAGINE this you’re back in primary school, up to your ears in mischief, when you suddenly hear your name called
      PHOTO: ARTHUR LEE  -  1,555 words
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      16 28 zaobao.sg (MSljrctO): Olympus Pen-F I!lif Olympus Pen-F Review: Is it as good as it looks? bit.ly/zbtech_olympus
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      56 28 HOT PROPERTY 80A MEYER RD Prime locale! Near City. Bunglw 5+1 Pte pool, carpark. Built-up 6300 sf,f/furn, immed $13.5k Rent/ sale!! 16A BARKER RD. Prime Chancery area. 2800/ 5100 sf. New,rebuilt, beautiful design. 5 1+ family pool. $18.5k. Also sale. LANDED PROPERTIES FOR RENT Check out these properties and more
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      13 28 OverseasStudentDormsattracted $1.9billion investment inthe pastyear To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • EMERGING ENTERPRISE 2016
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      Lock icon Getting to the root of problems
      1195 29  -  For veteran market researcher Kwan Chong Wah, asking the right questions will help in analysis of problems and finding solutions. BY RENALD YEO yrenald@sph.com.sg FOR market researcher Kwan Chong Wah, a lot of the work he does is akin to that of a diagnostician
      PHOTO: AIDAN LOO  -  1,195 words
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      64 29 Jointly Presented By: Preferred Payment Solutions Partner: Supported By: Innovation Partner: YOU TAKE CARE OF THE BUSINESS, WE LL TAKE CARE OF THE FUNDING. Fund your business expansion with a collateral-free* term loan of up to S$500,000. SMS: <EE><BTL><Co.Name> to ***** Email: bizloans@ocbc.com OCBC Business Term Loan OCBC Business Banking
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  • LIFE & CULTURE
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      Lock icon Virginia among top 5 US wine states with almost US$1b in sales
      463 30 Virginia, with around 275 wineries, ranks behind California, Washington, Oregon and New York BLOOMBERG London VIRGINIA has become one of the top five viticultural states in the US through its growing number of wine-making operations, generating annual sales
      BLOOMBERG  -  463 words
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      Lock icon Is your pet lonely and bored?
      1322 30  -  By Jessica Pierce NYT New York AMERICA is experiencing a population boom of pets. Driven by rising disposable income and urbanisation and by evolving attitudes toward animals, the number of pets has grown more rapidly since the mid-1970s than the human population, to the
      NYT; PHOTO: REUTERS  -  1,322 words
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      Lock icon Prince Harry opens Invictus games for military disabled
      460 30 AFP Miami BRITAIN’S Prince Harry on Sunday opened the Invictus games for disabled war veterans and awarded the first gold of the 2016 event to France. Prince Harry, fifth in line to the throne and patron of the games, welcomed sportsmen, women
      AFP; PHOTO: AFP  -  460 words
  • Page 30 Miscellaneous
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      Lock icon Page 30 Miscellaneous Column 1
      304 30 CRYPTIC CROSSWORD Across 1 Get ready to fight in fair at university (6,2) 6 Fifty visiting class mansion, imposing (6) 9 District of capital, heart of Baghdad (6) 10 Batter sections surrounding embankments (8) 11 Elected one-time whistle-blower (8) 12 Slightly drunk daughter left held by orderly (6) 13 Ride,
      304 words