The Business Times, 18 May 2016

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Microfilm: NL33856
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    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 Wednesday, May 18, 2016
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  • Article
    Lock icon DAILY DIGEST
    129 1 Non-oil domestic exports continue to tumble though underlying growth momentum may be picking up. TOP STORIES 2 A research centre for 3D printing for the construction, maritime and aerospace sectors is launched. TOP STORIES 4 The wheels of change are moving at Great Eastern Holdings, following the exit
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  • Article, Illustration
    Lock icon Next stop: underground mall linking Marine Parade station
    956 1  -  The 133,000 sq ft of retail space will sit above part of future MRT tunnel connecting Marine Parade and Marine Terrace stations By Kalpana Rashiwala kalpana@sph.com.sg @kalpanaBT Singapore THE Land Transport Authority (LTA) will develop an underground linear retail space next to
    Graphics: Hyrie Rahmat  -  956 words
  • Article, Illustration
    Lock icon NRF to put up S$85m VC funds jointly with CapitaLand, DeClout, Wilmar, YCH
    1084 1  -  Combination of startup and resourceful corporate seen as powerful formula to create value and jobs B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore LARGE local enterprises (LLEs) are waking up to the idea of startup energy. CapitaLand, DeClout,
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  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,781.11 +45.05 KL Comp 1,633.39 +12.18 Nikkei 225 16,652.80 +186.40 Hang Seng 20,118.80 +234.85 Shenzhen B 1,047.48 -7.78 Dow(11.45am EDT) 17,649.22 -61.49
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    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      34 1 *****1 *****1 THE BUSINESS TIMES 40TH ANNIVERSARY DRIVE DE CARTIER MANUFACTURE MOVEMENT 1904 MC #WH ATDRIVESYOU SINGAPORE Takashimaya S.C. ION Orchard Marina Bay Sands Tel: 6732 0181 MALAYSIA Pavilion Kuala Lumpur Tel: (603) 2303
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      24 1 JITTERY ANALYSTS White House race may affect US dollar EXECUTIVE MONEY 36 WAR CHEST FOR GROWTH Hyflux offers S$300m perpetual securities COMPANIES MARKETS 7
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    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      13 1 BOOSTING TRADE Room for S’pore-Russia trade to grow: PM Lee TOP STORIES 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Still no silver lining in sight for non-oil domestic exports
      611 2  -  April’s 7.9% slide beats fall in March and economists’ forecasts, but bottoming out expected only in second half By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SINGAPORE’S non-oil domestic exports (NODX) continued to tumble in April from a year ago, though
      Source: IE Singapore  -  611 words
    • Article, Illustration
      Lock icon There’s room for Singapore-Russia trade to grow: PM Lee
      740 2  -  Trade between the two has grown in the last 10 years, but Russia is only S’pore’s 21 st largest trade partner By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE level of trade between Singapore and Russia is disproportionate to its potential, and
      PHOTO: MINISTRY OF COMMUNICATIONS AND INFORMATION  -  740 words
    • Article
      Lock icon Afton opens its first greenfield plant in 35 years on Jurong Island
      471 2  -  By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore AMERICAN petroleum-additives maker Afton Chemical opened the first phase of its US$300m plant on Jurong Island on Tuesday. The US$100 million facility, the company’s first greenfield manufacturing project in 35 years, produces
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    • Article
      Lock icon No change to timeline for CFE: Iswaran
      310 4  -  Priority is to complete process “to yield important ideas and recommendations for the government to consider” SINGAPORE’S FUTURE ECONOMY By gladyeo@sph.com.sg Gladys Yeo gladyeo@sph.com.sg Singapore THERE will be no change to the timeline for the work of the Committee on the Future Economy
      310 words
    • Article, Illustration
      Lock icon NTU launches research centre for 3D printing
      443 4  -  By Gladys Yeo gladyeo@sph.com.sg Singapore A RESEARCH centre for 3D printing dedicated to collaborating with the construction, maritime and aerospace sectors was launched on Tuesday, paving the way for companies in these sectors to tap the technologies developed there. The Singapore Centre for
      PHOTO: EDB  -  443 words
    • Article
      Lock icon Spring appoints 7 new accelerators for startups in emerging sectors
      397 4  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SPRING Singapore has appointed seven new accelerators to grow high-po-tential startups in the clean technology and advanced manufacturing and engineering (AME) sectors. The seven partners are EnchantVC, Green Meadows Accelerator, JCS Venture Lab, Jungle
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    • Article, Illustration
      Lock icon Key executive changes at Great Eastern Holdings
      559 6  -  CFO quits to join AIA, replacement identified and awaiting approval; firm says group ops MD opted for early retirement By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE wheels of change have been set in motion at Singapore’s oldest insurance group, Great Eastern Holdings, following
      PHOTO: BLOOMBERG  -  559 words
    • Article
      Lock icon Quicker, easier motor insurance quotes with local fintech firm’s program
      527 6  -  By Samuel Ee samuelee@sph.com.sg Singapore A LOCAL fintech company has enabled Singapore’s motor insurance industry to automate and reduce manpower cost while increasing customer choice. AMQS Pte Ltd has applied fintech or financial technology to help insurance agents automatically generate
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      246 4 SPACE SAI NOWON! AAAAAAAAAA AAAAA A Space Furniture 77 Bencoolen Street Singapore *****3 Open 10.30am 8pm daily +65 6415 0000 spacefurniture.asia ‘Conditions apply. Check in-store for details. Images are a guide only. Not available in conjunction with any other offer. iJTTTTvv MAKE SPACE j j FOR THE MID YEAR SALE
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      239 6 II If I f 111II If I f II111 If I f 11 If I If ll f *****11 f ***** If I ff 11II If t f 11 If I If ll f 11 f IIIIIII BEERFEST ASIA 2016 WITH UOB CARDS Tickets from $$25* onwards Each ticket includes
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  • COMPANIES & MARKETS
    • Article
      Lock icon Repayment demands pile up on Jason Holdings
      751 7  -  Latest announcement from troubled timber flooring provider reveals repayment demand from ANZ’s Singapore branch and five contractors By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore TROUBLED timber flooring provider Jason Holdings and its parquet unit have received another letter of demand from a bank and
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    • Article, Illustration
      Lock icon Hyflux offers $S300m perpetual securities
      315 7  -  By J Lossini jlossini@sph.com.sg Singapore HYFLUX has launched an offer of perpetual capital securities of up to $S300 million. The securities carry a distribution rate of 6 per cent per annum for the first four years, payable in arrear half-yearly in May and November of
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    • Article, Illustration
      Lock icon Is there room for co-living in S’pore?
      1155 8  -  HOCK LOCK SIEW BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT CO-WORKING spaces for entrepreneurs and creatives are aplenty and increasing why not co-living spaces? This could be the next big real estate thing in Singapore, with home prices at a stubborn high, entrepreneurial activity growing
      FILE PHOTO  -  1,155 words
    • Article
      Lock icon OCBC makes open call to app developers
      521 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OCBC Bank has opened up its set of code for use by third-party app developers, as Singapore plays out its smart nation ambitions in part through the use of APIs (application programming interfaces). OCBC’s local peers are
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    • Article
      Lock icon Temasek raises healthcare investments, adds more ADRs of JD.com
      391 8 BLOOMBERG Singapore TEMASEK Holdings built holdings of US drugmakers and healthcare companies in the first quarter as the Singapore investment firm expands bets on industries that will benefit from rising life expectancies and a growing middle class in emerging markets. It
      BLOOMBERG  -  391 words
    • Article
      Lock icon Bosch goes big on Internet of Things as manufacturing shrinks
      651 9  -  It will launch its first building monitoring project in Singapore next month By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore GERMAN conglomerate Bosch will kickstart its first building monitoring project here next month, as the engineering and electronics group looks to strengthen
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    • CORPORATE DIGEST
      • Article
        Lock icon Yanlord Land
        50 9 YANLORD Land Group has entered into a joint venture with subsidiaries of China Ping An Insurance Group, Tianjin Realty Development (Group) Co and Beijing Capital Land to acquire a Tianjin mixed-use land parcel with an approximate gross floor area of 351,338 sqm for 2.37 billion yuan (S$497.5 million).
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      • Article
        Lock icon DBS Bank
        46 9 DBS Bank has launched a new service that lets small and medium enterprises (SMEs) apply for a banker’s guarantee online and have it delivered to their doorstep. “A first in Singapore, SMEs can now apply for the guarantee online in five minutes,” it said.
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      • Article
        Lock icon SIA Engineering Company
        55 9 SIA Engineering Company Limited (SIAEC) has entered into a two-year contract (with an option to renew for an additional year) with Tigerair Australia to perform heavy maintenance services for its A320-200 fleet beginning May 2016. The maintenance services will be undertaken by SIAEC and its joint venture
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      • Article
        Lock icon Olam International
        64 9 OLAM international will be issuing 5.5 billion yen fixed rate senior unsecured notes due 2021 under a US$5 billion euro medium-term note programme. DBS Bank Ltd acted as sole manager for the issue of the notes. The notes, expected to be issued on May 24, will bear interest
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      • Article
        Lock icon China Everbright water
        45 9 CHINA Everbright water has secured the Qingdao waste water Treatment Upgrading Project (Maidao Plant), which has an investment size of 208 million yuan (S$43.7 million). It involves upgrading the plant that has a daily waste water treatment capacity of 140,000 cubic metres.
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    • Article
      Lock icon Fitch downgrades Noble’s credit rating to junk
      365 9  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FITCH Ratings has downgraded the credit rating of Hong Kong-based commodities trader Noble Group to junk, citing a weakening debt maturity profile that is “no longer consistent with an investment-grade rating”. This move came on the heels
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    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index May 17,2016 2,781.11 +45.05 (+1.65%) Current streak 2 days Day high 2,788.65 Day low 2,744.08 52-week high 3,460.85 (May 25, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index May 17,2016 435.40 +2.09 (+0.48%) Current streak 2 days Day high 438.19 Day low
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    • Article, Illustration
      Lock icon Penny fever fades as blue chips bounce
      635 10  -  Tuesday’s gain of 1.65 per cent ensures that the 2016 closing low of Feb 12 will not be tested, at least not yet STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT TRADERS on Tuesday continued their churning of the lowest-priced stocks in the market but
      Source: Bloomberg  -  635 words
    • Article
      Lock icon STI STOCKS
      303 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 235 +1 238/233 255 209 6.5 6192.9 CapitaCom Trust 140 +1.5 140/138.5 166.5 122.5 6.2 4138.9 CapitaLand 302 +3 303/299 367 267 12.1 3 *****.2 CapitaMall Trust 207 +1 209/207 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME Annica 211,900,100 ThaiBev 108,602,300 Ezra 99,500,200 Ace Achieve Info 96,773,600 Blumont 82,681,000 Market volume 2,574,206,000 VALUE ThaiBev 96,163,611 Global Logistic 89,160,184 DBS Grp 84,540,252 OCBC Bank 56,693,063 UOB 52,830,223 Market value 1,224,271,000
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    • Article
      Lock icon SGX ETFs
      112 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 283 +4 470 284/279 351/254 282/283 DBXT MSRussia US$ US196 -4 80 199/196 235/129 195/196 CIMB APAC Div US$ US76.6 -0.1 35 76.6/76.5 105.8/69.1 75.3/76.7 8 IS MS INDIA US$ US674 +12 33 676/670
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 May 17 VALUE CLOSE BT OB/OS -442.00 +193.00 BT CADI -*****.00 +103.00 BT 10-day MA -*****.00 -44.00 FTSE ST Mid Cap 675.76 +4.78 FTSE ST Small Cap 393.14 +4.92 FTSE ST All Share 679.96 +9.06 FTSE ST China Top 159.92 +1.88 FTSE ST China 188.23 +1.97 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 17,2016 679.96 +9.06 (+1.35%) Current streak 1 day Day high 681.34 Day low 672.18 52-week high 830.71 (May 25, 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 16,2016 1,637.84 +6.13 (+0.38%) Current streak 1 day Day high 1,638.44 Day low 1,629.68 52-week high 1,948.41 (May 21, 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 10 3 1 1 0 0 11 3 1 Manufacturing 57 22 21 10 14 3 67 36 24 Commerce 24 17 13 5 5 3 29 22 16 Tpt/Stor/Comms 19 8 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 27,170 705 27,875 92,420 127 92,547 Manufacturing 217,914 296,023 513,937 191,995 2,279 194,274 Commerce 122,479 71,432 193,911 80,298 2,369 82,667 Tpt/Stor/Comms 284,536 376 284,912 173,872 31 173,903 Finance 53,068 56 53,124 210,769 9 210,777 Construction
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    • Article
      Lock icon GAINERS
      74 10 BY CENTS CLOSE UP 52w high/low Jardine C&C 3371 148.0 4.6 4520/2636 DBXT Vietnam US$ 2364 72.5 2.3 2786/2017 DBXT E50 US$ 4443 64.3 1.1 5300/3968 CityDev 846 46.0 5.8 1053/661 DBXT MSTaiwan US$ 1855 39.7 1.6 2354/1667 BY PERCENTAGE CLOSE UP 52w high/low Epicentre 8.8 100.0 4.4 24/4.2
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -139.5 -0.8 *****/***** Hyflux 6% CPS ***** -109.0 -1.0 *****/***** DBXT ASX200 US$ 3367 -41.0 -0.9 3852/2900 DBXT MSEmer US$ 326 -28.7 -6.1 422/281 DBXT S&PShort US$ 2067 -17.8 -0.6 2393/2036 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -66.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Heatec Jietong 735.2 0.032 -0.053 -62.35 Azeus 5.8 0.500 -0.150 -23.08 Ace Achieve Info 96,773.6 0.022 +0.005 +29.41 Blumont 82,681.0 0.001 -0.002 -66.67 Metech Intl 2,030.1 0.003 +0.001 +50.00 Jadason 48,572.3 0.027 -0.014 -34.15 Attilan 43,756.2 0.008 -0.007 -46.67 Lorenzo Intl 4,337.0 0.020 -0.007 -25.93
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Reits | Neutral
        104 10 Singapore Reits Neutral Maybank-Kim Eng Research, May 17 CANARIES in the coal mine: Singapore Reits (S-Reits) under coverage saw their core-DPUs (distribution per unit) grow just 0.8 per cent year-on-year for Q1 2016, tapering from previous quarters of 2.4-3.9 per cent year-on-year. Organic growth was challenging as average occupancy fell,
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      • Article
        Lock icon Singapore property | Overweight
        146 10 Singapore property Overweight CIMB Research, May 16 APRIL home sales were held up by new launches; transactions are still focused on the fringe areas. In addition, the slowing residential market and build-up in unsold inventory (beyond a certain time limit) have raised concerns over the Qualifying Certificate and Additional Buyers’
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      • Article
        Lock icon Hotel Properties | Buy
        207 10  - Hotel Properties Buy Compiled by Jamie Lee May 17 close: S$3.46 Target price: S$4.83 OCBC Investment Research, May 17 ITS topline for the first quarter dipped 9.6 per cent to S$143.7 million mostly due to lower contributions from the Tomlinson Heights development and the group’s resorts in Maldives. In addition,
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    • Article
      Lock icon CALENDAR
      13 10 DATA IMay 18 Singapore COE bidding results US MBA mortgage applications DATA
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    • Article
      Lock icon Stronger risk appetite, intervention talk pull yen down
      432 11 CURRENCIES REUTERS London THE yen hit a 2-1/2-week low on Tuesday as a move up in oil prices boosted risk appetite, and as investors worried that after giving several warnings, Japanese officials would intervene to weaken the yen. The Japanese currency has
      REUTERS  -  432 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 May 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.945 4.791 0.648 5.703 49.000 97.659 0.804 8.630 2.950 1.079 76.939 34.109 1.005 11.425 0.718 23.967 26.029 0.506 0.735 Canada 1.058 5.069
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      • Article, Illustration
        Lock icon INTERBANK CURRENCY RATES
        153 11 May 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0043 1.0056 0.7345 0.7350 Canadian dollar 1.0631 1.0638 0.7775 0.7775 Euro 1.5500 1.5515 1.1336 1.1340 NZ dollar 0.9311 0.9319 0.6810 0.6811 Sterling pound 1.9842 1.9864 1.4512 1.4518
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      • Article, Illustration
        Lock icon US$/S$ FORWARD RATES
        20 11 May 17 S$ Bid Offer 1-month 1.3678 1.3689 2-months 1.3683 1.3695 3-months 1.3688 1.3701 6-months 1.3706 1.3723
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    • Article, Illustration
      Lock icon HANG SENG
      2 11
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    • Article, Illustration
      Lock icon NIKKEI
      1 11
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    • Article, Illustration
      Lock icon SHANGHAI COMPOSITE
      2 11
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    • Article, Illustration
      Lock icon DOW JONES
      2 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 11 Most active May 17 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ntegrator Intl Ltd W*****3 0.4 0.1 ***** 1 1 3.50 30 DBS MB eCW*****1 8.8 1.2 9746 0.1 1480 2 Rowsley Ltd W*****3 0.4 0.1 4234 1
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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 16 Index Change Change Change Change Change Change World Preliminary 1245.6 0.6 -2.5 0.4 -4.4 0.7 -0.9 EAFE Preliminary 932.8 0.1 -8.0 0.1 -7.9 0.4 -4.6 Europe Preliminary 1323.3 0.0 -6.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        393 11 May 17 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9305.00 9357.50 9240.00 9322.50 *****9 *****4 Jun16 9042.50 9082.50 8972.50 9050.00 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep16 *****.00 *****.00 *****.00 *****.00 1564 1119 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 May 17 $S Offer Bid 0vernight 0.08 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.08 US$ 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 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.08 5-Year NX*****X 2.250 01-Jun-21 103.41 103.60 103.60 10-Year NX*****Z 2.375 01-Jun-25 103.46 103.50 103.50 15-Year NZ*****F 2.875 01-Sep-30 107.12 107.50 107.30 20-Year NZ*****V 3.375 01-Sep-33 114.42 114.80 114.80
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 May-16 Price Net change change Last Trade Agricultural May-16 CBOT Soybeans (US cents/bu) 1064.50 -0.50 -0.05% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.79 0.29 0.89% 14/07/2016 CBOT Wheat (US cents/bu) 474.75 unch 0.00% 14/07/2016 May-16 LIFFE Cocoa (£/tonne) 2157.00 -35.00 -1.60% 14/07/2016 LIFFE Coffee (US$/tonne) 1658.00 7.00 0.42%
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    • Article
      Lock icon Q1 ended March 2016
      3201 12 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 DBS Grp 1203.0 1269.0 -5.2 2865.0 2740.0 4.6 2 OCBC Bank 856.0 993.0 -13.8 2060.0 2108.0 -2.3 3 UOB 766.0 801.0 -4.4 1969.0 1956.0 0.7 4 ThaiBev 327.9 251.8 30.2 2113.2 1750.5 20.7
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    • Article
      Lock icon SGX MAINBOARD
      1833 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 140 +1 215 140 139 0.9 8.1 889.5 Div 174.1 101 ARA Asset Mgmt 134 +4 697 135
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    • Article
      Lock icon SGX CATALIST
      270 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div C'vr GrYld Net MCap High 19.9 8.3 t Anchor Resources 11.5 +1.4 6253 11.9 10 32.2 Company Sale ('000) High Low P/E 25.5 8.8 t 3Cnergy 9.5
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    • Article
      Lock icon SGX ETF
      146 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 105.8 69.1 CIMB APAC Div US$ US76.6 -0.1 35 76.6 76.5 8 1012 700 CIMBASEAN40 US$ US822 +14 7 822 822 128.9 4190 2355 DBXT China50 US$ US2650 0
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      132 7 An initiative by Tripartite Alliance for Fair Progressive Employment Practices HOW CAN WORK-LIFE STRATEGY BOOST YOUR BUSINESS RESULTS? Low Cheong Kee Founder Managing Director of Home-Fix D.I.Y. Pte Ltd PRODUC Work-Life Strategy is a series of measures and initiatives that increases business productivity by helping your employees fulfil their professional
      132 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      368 8 InvestorRelationsHighlights EMS wins new contract in Vietnam EMS Energy Limited’s subsidiary, Koastal Eco Industries Co. Ltd. (KEI) has been awarded a contract worth approximately S$4.47 million by Viglacera Infrastructure Development and Investment Company, for the design, construction, procurement and installation of equipment, commissioning and technology transfer of waste water treatment
      368 words
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      Lock icon Page 8 Advertisements Column 2
      69 8 HUATING Restaurant EXECUTIVE MENUS set to IMPRESS For Limited Time Only. Award-winning HuaTing Restaurant presents three value-packed Executive Set Lunches from $35. Savour exquisite five-course menus featuring a curated selection of Masterchefs signatures and creations. Dim Sum Delights Hua Ting Classics Flavours of Spring For reservations, please call 6739 6666
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      Lock icon Page 8 Advertisements Column 3
      17 8 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • Page 9 Advertisements
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      161 9 fmg FMG CORPORATE SERVICES PTE LTD Formation I Compliance Advisory We help you set up your company anywhere with speed and ease y Manage your local and global compliance •y Facilitate bank account opening •y Assist with government grants and licenses Support with recruitment, HR advisory and work pass applications
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  • Page 13 Advertisements
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      2619 13 Retail Perpetual Capital Securities 6% p.a.1 Tuaspring Integrated Water and Power Project ABOUT HYFLUX LTD A global leader in sustainable solutions, focusing on the areas of water and energy Committed to providing innovative and cost-effective solutions that contribute to resource optimisation and sustainable growth for communities and industries 27 years
      2,619 words
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  • Page 14 Advertisements
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      71 14 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      1565 15 MANULIFE US REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 27 March 2015 under the laws of the Republic of Singapore) Managed by Manulife US Real Estate Management Pte. Ltd. F I R ST P U R E-PL AY OF F IC E R E I T
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  • REAL ESTATE
    • Article, Illustration
      Lock icon HSR fined, barred from en bloc deals for a year
      665 16  -  Council for Estate Agencies finds HSR’s management had approved lead agent’s offer of incentive payments to 4 owners of Thomson View condo By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Council for Estate Agencies (CEA) has imposed a financial penalty of
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    • Article
      Lock icon Sao Paulo property prices seen staying low until at least next year
      482 16 BLOOMBERG Sao Paulo REAL estate prices in Sao Paulo, Brazil’s biggest market have bottomed out. And they should remain near that level until at least next year as Brazil’s recession plods on, according to two of the city’s
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      Lock icon Hotel room resale websites catching on
      1021 17 Industry still in its infancy but has the potential to transform hotel reservations NYT New York IN March, Alysa Turner, a publicist from Washington, booked a hotel room through Southwest Airlines’ rewards programme. She paid US$400 for a one-night stay at the Hilton San
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      342 16 Hong Fok Group zaobao.sg Merawtms 6 Facts About Zika Virus Chinese Language Content EXCLUSIVE AGENT FOR SALE: PRIME SHENTON WAY SHOP SPACE Ideal for Retail F&B Banks Showrooms Supermarkets Rarely available 6,631 sf shop space on single level Coveted Shenton Way address in District 1 Single tenant upside up to
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      252 17 FOR SALE INDUSTRIAL FACILITY IN SENOKO Address 57 Senoko Drive Land Area Approx. 312,038 sqft Gross Floor Area Approx. 229,322 sqft Tenure: 30+30 years with effect from 1982 Business 2, permissible plot ratio 1.4 Brenda Ong Raphael Lee (GEA Reg No.: R*****4Z) (CEA Reg No.: R*****4J) Tel: 9616 3336 Tel:
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  • BANKING & FINANCE
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      969 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 s p h c l
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      549 18 GoldChamp International Ltd Business Company Number: *****46 In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of GoldChamp International Ltd commenced on 11 May 2016 and that Lia Shiow Jiuan Nicole of 21 Collyer Quay
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      344 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 COMOSANA PTE. LTD. (REGISTERED IN SINGAPORE) (CO. REG. NO: *****7438D) (the “Company”) MEMBER’S VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 12 May 2016, the following resolutions were duly passed: 1. SPECIAL RESOLUTION-WINDING-UP That
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  • Article, Illustration
    Lock icon ASEAN Economic Community ‘not an abstract concept’
    1300 19 SMU law professor Locknie Hsu says that businesses will benefit from concrete improvements in the rule of law A Special Feature Brought to You By Singapore Management University THE 10-member Association of South-east Asian Nations, or ASEAN, has long been disparaged as a
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      97 19 SMU Juris Doctor Programme A strong case for aspiring lawyers SMU is the first Singapore university to offer the Juris Doctor (J.D.) Programme a graduate programme that leads to a first degree in law. It is open to persons with an undergraduate degree in any discipline or a degree in
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      26 19 This is a monthly series brought to you by the Singapore Management University. Next month’s feature will discuss how global trends are shaping people management practices.
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  • ENERGY & COMMODITIES
    • Article
      Lock icon India car sales buck oil’s gloomy trend
      514 20 BLOOMBERG Mumbai INVESTORS looking for a break from the doom and gloom of the past two years in the oil market need only turn to a hot, noisy lot in Mumbai. There on a recent Saturday, a tall, cricket-loving, 34-year-old engineer named Anil
      BLOOMBERG  -  514 words
    • Article
      Lock icon Japan’s planned coal-fired power plants hazardous to health: Greenpeace
      508 20  -  It urges government to focus on developing renewable energy sources By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S plans to build a large number of new coal-fired power plants have come under attack in a report launched by Greenpeace which claims that the
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      Lock icon Metal trading up in China; activity shrinks at LME
      383 20 BLOOMBERG London TRADERS are buying and selling more metal than they have in years on Chinese and American exchanges. In London, the heart of the global market for more than century, it is just the opposite. During the first four months
      BLOOMBERG  -  383 words
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      65 20 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      159 20 REITs SYMPOSIUM THE LARGEST REITS EVENT IN TOWN 2016 4 JUNE 2016, SAT 9AM 6PM SUNTEC SINGAPORE CONVENTION EXHIBITION CENTRE, LEVEL 3, SUMMIT 1 2 LUCKY DRAW WORTH UPTO $5,000! SINGAPORE REITS RIDETO A 5-YEARYIELD HIGH AMIDST MARKET JITTERS IS IT A GOOD TIME TO CONSIDER ADDING REITS TOYOUR PORTFOLIO?
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      2088 21 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices n\rmi AGRICULTURAL BANK OF CHINA (INCORPORATED IN THE PEOPLE’S REPUBLIC OF CHINA) HEAD OFFICE: No.69 Jianguomen Ne Avenue. Dongcheng District, Beijing ***** PRC. Tel: (8610) 8510 9619 Fax: (8610) 8510 8557 http://www.abchina.com SINGAPORE BRANCH: 7 Temasek Boulevard #30-01/02/03 Suntec
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      672 21 *1 DZ BANK Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Platz der Republik, ***** Frankfurt am Main, Germany, www.dzbank.com Singapore Branch 50 Raffles Place, #43-01, Singapore Land Tower, Singapore *****3 Consolidated Balance Sheet as at 31 December Members Of The Board Of Managing Directors Wolfgang Kirsch, Chief Executive Officer Thomas Ullrich Lars
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Berkshire’s Apple bet suggests faith in products
      705 22 The iPhone 7 or new product categories such as autonomous driving may re-ignite Apple’s revenue growth BLOOMBERG San Francisco GIVEN all the pessimism about Apple Inc these days, one might wonder why Warren Buffett’s Berkshire Hathaway Inc is betting US$1.1 billion on the
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    • Article, Illustration
      Lock icon Twitter adds BET Network’s Debra Lee to board in video push
      466 22 BLOOMBERG San Francisco TWITTER Inc named Debra Lee, chairman and chief executive officer of BET Networks, to its board, the third new director appointed in the past two months while the social media company tries to expand its user
      BLOOMBERG; PHOTO: REUTERS  -  466 words
    • Article
      Lock icon Tech startups come up with some creative definitions for ‘profitable’
      772 22 BLOOMBERG San Francisco LAST September, SpoonRocket was running out of money. Founders of the Berkeley, California meal-deliv-ery company had initially sold investors on aggressive expansion plans and the promises of a high-growth business. By the time it completed a planned
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      894 23 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices In the Matter of The Companies Act, Cap. 50 And In the Matter of FRESHLANE (CP) PRIVATE LIMITED (Co. Reg. No.: *****5731R) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 230
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      1050 23 Santander Banco Santander, S.A. Head Office: Ciudad Grupo Santander, Avda. de Cantabria s/n ***** Boadilla del Monte, Madrid (Espana) Singapore Office: 50 Collyer Quay #06-02, OUE Bayfront, Singapore *****1 Consolidated Balance Sheets At 31 December 2015 and 2014 Consolidated Statement of Income For the years ended 31 December 2015 and
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  • CONSUMER
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      1823 24 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Incorporated in France with limited liability Head Office: 9 quai du Président Paul Doumer ***** Paris La Défense cedex France Tel: 33 1 41 89 00 00 Fax: 33 1 41 89 49 83 Website: www.ca-cib.com Singapore Branch: 168 Robinson Road
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      42 24 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
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      24 24 “An objectlesson in reporting in the good old fashioned way.” MAYANK CHHAYA South Asia Daily Now on sale at all major bookstores and www.stpressbooks.com.sg
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      53 24 M AY 1 6 23M O N D A Y SPH News Centre 9.30am to 6.00pm CREATE LIKE LEONARDO DA VINCI Trainer Michael Lum Early Bird by 18 May$489 Price From 19 May$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our workshops, visit http://learning.stjobs.sg/
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      908 25 In the Matter of The Companies Act, Cap. 50 And In the Matter of PRIME INDUSTRIAL HOLDINGS PRIVATE LIMITED (Co. Reg. No.: *****4635K) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 230 Victoria Street #12-08 Bugis Junction Singapore *****4 on
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      1119 25 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices (Company Registration Number: *****4372N) (Incorporated in Singapore on 20 August 2014) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of mm2 Asia Ltd. (the “Company”) will be held at Six
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      298 25 In the Matter of The Companies Act, Cap. 50 And In the Matter of NOXH DEVELOPMENTS (CECIL) PTE. LTD. (Co. Reg. No.: *****5250H) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 230 Victoria Street #12-08 Bugis Junction Singapore *****4 on
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      1658 25 Wells Fargo Company and Subsidiaries (Incorporated in the United States of America)[in USD] CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED BALANCE SHEET Year ended December 31, (In millions, except per share amounts) 2015 2014 2013 December 31, (In millions, except shares) 2015 2014 INTEREST INCOME Trading assets 1,971 1,685 1,376 Investment securities
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      21 25 UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Dated: 18 May 2016
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  • TRANSPORT
    • Article
      Lock icon Fatigue should figure in discussions on safety at sea
      548 26  -  STRAIT TALK BY DAVID HUGHES JUST as last week’s column on safe bridge procedures went to press, an e-mail arrived announcing a conference centred on that very topic. The Third Safety@Sea Week will be held from Aug 29 to Sept 2
      548 words
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      Lock icon Budget airlines expected to gain from Asean’s open skies
      652 26 REUTERS Singapore LOW-COST airline groups and manufacturers of smaller passenger aircraft will be among the main winners after South-east Asia’s open skies agreement finally came into effect last month, although airport capacity constraints could limit the benefits. Ratification of the Association
      REUTERS; PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  652 words
    • Article, Illustration
      Lock icon Nissan interest fuels US Mitsubishi dealers’ hopes for more car models
      744 27 Mitsubishi has struggled in the US; through April of this year, the brand had 0.6% only of the market BLOOMBERG New York THE chairman of Mitsubishi Motors Corp’s US National Dealer Council’s Advisory Board said he sees new life
      BLOOMBERG; PHOTO: REUTERS  -  744 words
    • Article
      Lock icon US startup banks on self-driving trucks over self-driving cars
      750 27 NYT San Francisco IMAGINE you are driving on a highway late at night when a big-rig truck closes in behind you. You relax because it is keeping a safe distance and seems to be obeying the speed limit. Now imagine that
      NYT  -  750 words
    • Article
      Lock icon Waze tests carpool feature in San Francisco
      295 27 AFP San Francisco GOOGLE-OWNED navigation application Waze on Monday began testing a carpool feature that rolls near the home turf of Uber and Lyft. Waze Carpool stressed that it intended only to help commuters get to or from their jobs, chipping in to
      AFP  -  295 words
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      42 26 ask Si you ask. we answer. Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg www.straitstimes.com/askst THE STRAITS TIMES I o <«> How do I get a free flight upgrade? Lee aiew nua, Travel Writer o n o
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Election years have paralysing effect on industry
      1010 28 Research shows that large corporate investments are routinely postponed, big deals put on back burner NYT New York MERGERS and acquisitions (M&A) activity is down. Initial public offerings (IPOs) are practically dead. Companies are cutting spending. The stock market is increasingly volatile. Gross
      NYT  -  1,010 words
    • Article, Illustration
      Lock icon Top China official promises to ‘listen’ to Hong Kong
      761 28 Zhang Dejiang’s trip comes as concerns grow about city’s cherished freedoms AFP Hong Kong ONE of China’s most powerful officials said he would listen to political demands from Hongkongers in a conciliatory start to a visit on Tuesday that has stirred
      AFP; PHOTO: AFP  -  761 words
    • Article
      Lock icon Consumer prices post largest gain in 3 years
      450 28 LATEST US DATA REUTERS Washington US consumer prices recorded their biggest increase in more than three years in April as petrol and rents rose, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later
      REUTERS  -  450 words
    • Article, Illustration
      Lock icon From car parts to condos, faltering Thailand lures Chinese money
      881 29 Investment pledges from China jump fivefold in Q1 from a year earlier to 5.7b baht, from just 1.1b baht REUTERS Rayong, Thailand EVERYWHERE you look on Thailand’s Amata industrial estate in Rayong, you see signs in Chinese. It’s a similar
      REUTERS; PHOTO: REUTERS  -  881 words
    • Article
      Lock icon Objections to US-EU trade deal over secrecy surrounding talks
      519 29 NYT Paris OPPOSITION to a sweeping trade deal between the United States and the European Union has gathered strength in Europe in recent weeks, but with a twist: The latest objections have less to do with what is known to be
      NYT  -  519 words
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      305 28 [nten>riseMT2018 www.goto-enterpriselT.com Marina Bay Sands TRANSFORM YOUR BUSINESS WITH SMARTER SOLUTIONS Join in the conversation: #EnterpriselT2016 EnterpriselT2016 is recognised as Asia's leading sourcing platform for the latest innovations and business solutions. Learn and source for the latest technologies from Cloud services, loT, Security to Smart Cities solutions. Witness these cutting-edge
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  • OPINION
    • Article
      Lock icon Did regulatory slips ‘enable’ the 1MDB scandal?
      527 30 EDITORIAL WITHIN the span of six years, 1Malaysia Development Bhd’s (1MDB) debt had ballooned 10 times to RM50 billion (S$17 billion) and its business deals are now the subject of probes in seven jurisdictions, including Singapore. Could the mammoth scandal around the state-backed
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      Lock icon The mistake of confusing right and wrong
      801 30  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1. FIFTY years ago this week, China embarked on what would turn out to be 10 years of turmoil known as the Cultural
      801 words
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      Lock icon The folly of Trumponomics
      1335 30  -  What’s sure is that if implemented, the economic policies touted by Donald Trump would be ruinous. BY LINDA LIM ruinous.BY LINDA LIM T The writer is professor of strategy at the Stephen M Ross School of Business at the University of Michigan. DONALD Trump’s remarkably successful
      PHOTO: REUTERS  -  1,335 words
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      Lock icon Is it time to slay some sacred cows about financing growth?
      850 31  -  COMMENTARY By Anthony Rowley Tokyo ARE we entering, almost without realising it, a new paradigm of combined fiscal and monetary policy and, if so, does that mean conventional wisdom about the need for independent central banks and for governments
      850 words
    • Article
      Lock icon Government support for opportunity entrepreneurs vital
      717 31  -  COMMENTARY By Madhur Jha T The writer is senior economist, thematic research, at Standard Chartered Bank. WHAT makes some entrepreneurs grow their businesses and employ hundreds, or even thousands, of people? Knowing this is crucial for all governments keen to drive economic growth. Not
      717 words
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      Lock icon Emerging impediments to managerial decision-making
      1122 31  -  Understanding the forces that are shaping the business environment is key to making the right corporate judgement call. BY K RAVI KUMAR AND KAY SEGLER call.BY K RAVI KUMAR AND KAY SEGLER T The writers are respectively dean and adjunct professor of Nanyang Business School,
      PHOTO: BLOOMBERG  -  1,122 words
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      1955 32 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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      244 32 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 152 BST019 17/05/2016 18/05/2016 Buatan/Buatan DAILY Marco Polo 258 TTS025 17/05/2016 18/05/2016 Tebing Tinggi/Jambi DAILY Marco
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon South Korean wins Man Booker International Prize
      572 33 Han Kang shares £50,000 award with her translator for “The Vegetarian” AFP London SOUTH Korean author Han Kang won the Man Booker International Prize on Monday, sharing the £50,000 (S$99,000) award with her translator who had only taught herself Korean three years before.
      AFP; PHOTO: AFP  -  572 words
    • Article, Illustration
      Lock icon Syria’s famous damask rose withered by war
      718 33 AFP Damascus ITS fame is such that the damask rose features in Shakespeare, but for Syrian farmers growing the flower that produces the heady-scented oil used to flavour Turkish delight, tragedy may await. One of the oldest flowers in history, a staple of
      AFP; PHOTO: AFP  -  718 words
  • Page 33 Advertisements
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      26 33 Lack of trading interest could end up with more delistings than new listings SGX could end up with To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      52 33 nj 1 4 i Vocational Training Consultancy Services Food Beverages Culinary Arts Retail Management Academic Programme Digital Technology Hotel Management Hospitality Travel Management Language Point of Sales System Software Solutions for MSEs (Micro Small Enterprises) Enterprise Resource Planning) TO EXHIBIT: S* +65 6319 4021 or mtde@sph.com.sg Organised by (sphere SINGAPORE
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      117 33 V OFFIC r m ASIA 2016 29 JUNE -1 JULY Level 1, Hall A, Sands Expo Convention Centre Marina Bay Sands, Singapore Transform your business with complimentary on-floor seminars conducted by industry experts! Building Business Capabilities for Growth Leveraging Cloud-based Technology for Small Businesses Reshape the SME Employee Experience The
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  • Page 33 Miscellaneous
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      333 33 CRYPTIC CROSSWORD Across 1 It enables farmers to make a good turnover (6) 4 Give voice to Beethoven’s fifth (8) 9 The stretching around three identical points produces a titter (3-3) 10 Imagined being ordered into uniform (6,2) 12 Bird in danger, nesting (4) 13 Located, we hear, and named
      333 words
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      29 34 SET WURgLF TO OUR FLIGHT MORE *™*&&Ht%$'<PV!KlWFi* After a gourmeUrieal and your favourite movie, lie down for a good night's sleep in our spacious flatbed seats. Hello Tomorro\ Emirates
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  • EXECUTIVE Money
    • Article, Illustration
      Lock icon Egypt investors using arbitrage to get US$
      908 34 Doing so means guaranteed losses but many are so desperate to get US dollars that they’re willing to swallow the cost BLOOMBERG Cairo THE hot trade in Egypt’s stock market is a sure thing a guaranteed mon-ey-loser. Clients have been snapping up shares
      BLOOMBERG; PHOTO: REUTERS  -  908 words
    • Article
      Lock icon Bull market losing big ally as buybacks fall most since 2009
      894 34 Announced repurchases drop 38% to US$244b in last 4 months BLOOMBERG New York CORPORATE America has its eye on a new target as executives look to tighten their belts amid a slump in profits and this time shareholders will
      BLOOMBERG  -  894 words
    • Article
      Lock icon Hedge funds reap big rewards from Russia
      538 34 BLOOMBERG New York RUSSIAN assets, which are among the most volatile in the world, are bringing hedge fund managers the best returns in emerging markets. Funds with a geographical focus on the country have gained an average 29 per cent since the start
      BLOOMBERG  -  538 words
    • Article
      Lock icon Foreign banks, funds turn to US municipal bonds
      823 35 They are facing negative interest rates in their home countries BLOOMBERG New York IN 1989, Japanese investors bought Rockefeller Center. Now, they are plowing into the market that finances the subways underneath. Faced with negative interest rates in their own countries, foreign
      BLOOMBERG  -  823 words
    • Article
      Lock icon Tokyo money market adjusts to BOJ’s negative interest rate
      533 35 Outstanding amount of overnight interbank loans more than doubles from a record low BLOOMBERG Tokyo TOKYO’S money market is thawing as banks realise that it is better to pay interest to lend than face the cost of keeping money at the
      BLOOMBERG  -  533 words
    • Article, Illustration
      Lock icon White House race may affect US dollar
      824 36  -  Analysts warn of ‘pre-vote wobble’ for greenback and 20% slide within months if Donald Trump were to win the presidency. presidency.BY RACHEL EVANS BLOOMBERG New York Traders wanting to know what November’s US presidential election will mean for the US dollar need look
      BLOOMBERG  -  824 words
    • Article
      Lock icon Can ex-central bank chief pull Brazil out of recession?
      612 36 BLOOMBERG Rio De Janeiro LESS than a year ago, Brazil’s Michel Temer compared then-finance minister Joaquim Levy to Jesus Christ. Now, Mr Temer is acting president and his newly appointed finance minister is already being hailed as the economy’s potential saviour.
      BLOOMBERG  -  612 words
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      216 35 w m r* i T H s ...vA«l ON fPs Mi •O- T eeltng ::v: rom That’s why we offer free assistance specialised in trading in the U.S. mi strategies or getting set up on our th is here for you via phone, e rt rson No matter what your
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      103 36 SELL 74ft :*am THERE'S BEING ALERT ABOUT THE MARKETS AND THER BEING AL TO MARK MOVES Set alerts on over 10,000 markets for price, market movements, events and technica analysis direct to your mobile. Get more than just a trading platform at IG.com 1.***** 1.***** Losses can exceed deposits IG.com.sg
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