The Business Times, 25 May 2016

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Microfilm: NL33856
Total Pages: 26
1 26 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 25, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    194 1 Japanese Prime Minister Shinzo Abe may make a further bid to win understanding from the G-7 of the need to intervene in foreign exchange markets. TOP STORIES 3 Hotel Grand Central sells an Australian hotel the Hotel Grand Chancellor Surfers Paradise for A$80 million (S$79.7 million) to an
    194 words
  • Article
    Lock icon New labour guidelines call for ‘responsible retrenchment’
    743 1  -  Firms that unfairly retrench Singaporeans will have their work pass privileges cut: MOM By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT @PeckmingBT Singapore THE Ministry of Manpower (MOM), which has been reiterating in recent months that it’s watching closely the economic and labour market situation,
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  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,750.23 -16.70 KL COMP 1,625.84 -9.05 NIKKEI 225 16,498.76 -155.84 HANG SENG 19,830.43 +21.40 SHENZHEN B 1,036.05 +0.84 DOW (11.45AM EDT)17,691.05 +198.12
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  • Article, Illustration
    Lock icon MAS to shut down BSI Singapore for anti-money laundering breaches
    1031 1  -  MAS says it’s a stark reminder to financial institutions of their responsibilities; 6 people referred to prosecutor for criminal offence assessment By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IN a decisive move that stunned private banking circles here, and one that
    BTgraphics: Anita Gabriel, Dania Amiril  -  1,031 words
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      45 1 THE BUSINESS TIMES NEWS ANALYSIS Quarterly reporting: Should this practice continue? TOP STORIES 4 ON A ROLL Qingjian Realty places top bid for Bukit Batok West site REAL ESTATE 13 BEYOND AMEX Apple Pay also tying up with local banks, Visa, MasterCard TOP STORIES 2
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      120 1 NEW RULES Indonesia eases foreign ownership curbs in ‘big bang’ liberalisation GOVERNMENT ECONOMY 21 Laws in place, but BSI chose to ignore them, Page 2 Ex-BSI banker accused in 1MDB probe made threats, Page 2 1 SEVEN PALMS S E N T O S A C O V OUl fUv^k
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  • TOP STORIES
    • Article
      Lock icon Apple Pay adds other credit, debit cards to Amex start
      692 2  -  This applies to various MasterCard, Visa cards; observers say use of mobile wallets will catch on in Singapore By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore NO American Express (Amex)? No problem. Apple Pay now works with credit and debit cards of
      692 words
    • Article, Illustration
      Lock icon Laws already in place, but BSI chose to ignore them
      800 2  -  Legal eagles, bankers say it’s not a witch hunt and rules won’t escalate; but it’s a compliance wake-up call for banks COMMENTARY By Siow LI Sen lisen@sph.com.sg @SiowLiSenBT IN 2009, Hans Peter Brunner was said to have dealt his former
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    • Article
      Lock icon Ex-BSI banker accused in 1MDB probe made implicit threats to Yak: prosecutors
      512 2  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE prosecutors claimed that ex-BSI banker Yeo Jiawei, the man who played a key role in the transactions believed to involve 1 Malaysia Development Berhad (1MDB), had contacted former colleague Yak Yew
      512 words
    • Article, Illustration
      Lock icon Japan seen laying groundwork again for currency intervention
      688 3  -  Ahead of G-7 summit, finance minister says there’s no intention of seeking to depreciate the yen sharply By Anthony Rowley btworld@sph.com.sg Tokyo PRIME Minister Shinzo Abe may make a further bid to win understanding from the Group of Seven (G-7) advanced economies
      PHOTO: AFP  -  688 words
    • Article
      Lock icon AIG and Aviva offer motorists two-year insurance policies
      605 3  -  Customers get a hedge against premium increases and protection against claims loading By Samuel Ee samuelee@sph.com.sg Singapore INSTEAD of paying annually for car insurance, vehicle owners these days have a more unusual option taking out a two-year policy, that is, one with
      605 words
    • Article, Illustration
      Lock icon Quarterly reporting: Should the practice continue?
      2052 4  -  In this divisive debate, an argument can perhaps be made that, on balance, there is reason to keep the practice, and even extend it to smaller businesses as well NEWS ANALYSIS B y Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore MANDATORY quarterly reporting should it stay
      PHOTO: BLOOMBERG  -  2,052 words
    • Article
      Lock icon Hwang Capital up 18% on buyout offer from its chairman
      643 4  -  DBS is a key shareholder with about 24%; offer price is some 20% more than the last traded price of RM2.21 By Pauline Ng btworld@sph.com.sg Kuala Lumpur HWANG Capital (Malaysia) Bhd leapt nearly 18 per cent to RM2.60 on Tuesday
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      153 3 (§)EUWI01RS GROUP zoom-zoom Executive decision. Lifestyle deHsion. Mazda 6 Sedan. From $116,888 Mazda 6 Wagon. From $136,888 S ►v a /A: VI M3Z/D3G UVGGO. ssaav MADE IN JAPAN The Mazda 6 in both sedan and wagon variants. And both benefit from SkyActiv Technology, where we perfect every component right down
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  • COMPANIES & MARKETS
    • Article
      Lock icon Funding for global tech startups should return: Temasek
      319 5 REUTERS Singapore FUNDING for global tech startups should return, even if valuations don’t rebound to their 2015 levels as investors press for less inflated values, a senior executive at Singapore investment company Temasek said. Lured by a potential market for app-based, on-demand
      REUTERS  -  319 words
    • Article
      Lock icon BOS in tie-up to offer advanced diploma for its private bankers
      283 5  -  By Renald Yeo yrenald@sph.com.sg Singapore THE private banking arm of OCBC Bank, Bank of Singapore (BOS), will be launching a new training and development diploma for its private bankers in conjunction with Nanyang Technological University (NTU) and the Wealth
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    • Article
      Lock icon Keppel Corp, SembMarine respond to EIG’s adding of yards as defendants in US suit
      477 5  -  Keppel says it has not been served any claim; SembMarine says EIG move “entirely without merit and baseless” By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore COMMENTING on a Reuters report that named Keppel Corporation, Sembcorp Marine
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    • Article
      Lock icon Hotel Grand Central selling hotel in Surfers Paradise for A$80m
      451 6  -  Australian hotel has not been performing; hotelier company to reap disposal gain of about S$23.4m By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HOTEL Grand Central (HGC) on Tuesday said it has inked a deal to sell Hotel Grand Chancellor Surfers Paradise
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    • Article
      Lock icon In wooing customers, banks find a wingman in fintechs
      1035 6  -  HOCK LOCK SIEW BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT “THAT’s the hardest part: to let go.” So summed up an OCBC banker this month, in setting out the relationship between banks and their customers in the years ahead. The backdrop to the
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    • Article
      Lock icon Chinese fund raises Eu Yan Sang stake further
      570 7  -  This has spurred speculation about its intentions, even as a consortium has unveiled its privatisation plan By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A PROMINENT Chinese fund run by billionaire Chinese financier Lei Zhang and backed by Yale University’s endowment and Stanford University
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    • Article, Illustration
      Lock icon It’s tech versus old school detection in white-collar crimes
      830 7  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore OLD-FASHIONED investigation tactics versus technology-savvy criminals seems to be the norm in corporate white collar crimes. A new report by KPMG shows that technology was a significant enabler for 24 per cent of the
      Sources: KPMG report, Global Profiles of the Fraudster  -  830 words
    • Article
      Lock icon Oil slump drags down Boustead Singapore Q4
      423 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore TIGHTENED belts across the oil and gas industry sent fourth-quarter earnings for engineering and real estate firm Boustead Singapore into the doldrums. The group also warned that profits could be even worse in its financial year ended
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    • Article
      Lock icon Softer demand hits Hour Glass full-year bottom line
      384 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Hour Glass posted a 10 per cent slide to S$52.32 million in net profit attributable to equity-holders for the full year ended March 31, 2016, as the luxury watch retailer’s revenue fell amid softer consumer
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index May 24,2016 2,750.23 -16.70 (-0.60%) Current streak 1 day Day high 2,766.23 Day low 2,742.65 52-week high 3,460.85 (May 25, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index May 24,2016 434.16 +0.22 (+0.05%) Current streak 3 days Day high 434.74 Day low
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    • Article, Illustration
      Lock icon US rate-hike fears weaken STI by 16.7 pts
      627 8  -  Among the reasons cited for the loss were US Fed officials’ remarks on Monday regarding the likelihood of impending rate hikes STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday drifted 16.7 points down to 2,750.23 as the entire
      Source: Bloomberg  -  627 words
    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -98.3 -0.6 *****/***** DBXT MSKorea US$ 4999 -90.0 -1.3 6005/4478 DBXT ASX200 US$ 3248 -58.1 -1.3 3852/2900 IS MS INDIA S$D 894 -36.0 -3.9 1100/807 Jardine C&C 3210 -20.0 -0.6 4520/2636 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.1 -50.0
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    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 -2 234/229 255 209 6.6 6087.5 CapitaCom Trust 138.5 +1 139/137.5 165.5 122.5 6.2 4094.5 CapitaLand 294 -2 297/293 367 267 11.8 3.1 *****.3 CapitaMall Trust 205 -2 207/203 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      38 8 VOLUME Cedar Strategic 77,487,300 Ezra 58,018,200 MMP Resources 39,879,100 QT Vascular 31,807,600 Global Logistic 31,301,300 Market volume 1,641,688,000 VALUE Global Logistic 55,225,054 Singtel 50,721,896 DBS Grp 34,992,819 HongkongLand USD 30,319,816 Ascendas Reit 27,562,546 Market value 761,055,000
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    • Article
      Lock icon SGX ETFs Most Active
      110 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 281 -1 661 281/279 351/254 280/281 Nikko AM STI ETF 287 114 287/284 356/259 284/287 6.9 DBXT MSRussia US$ US188 -1 51 189/187 229/129 188/190 CIMB APAC Div US$ US75 +0.1 25 75/75 103.3/69.1
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 24 VALUE CLOSE BT OB/OS -251.00 -40.00 BT CADI -*****.00 -107.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 668.33 -2.24 FTSE ST Small Cap 388.60 -1.39 FTSE ST All Share 673.62 -3.12 FTSE ST China Top 160.92 -0.30 FTSE ST China 189.06 -0.61 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index May 24,2016 673.62 -3.12 (-0.46%) Current streak 1 day Day high 675.82 Day low 671.63 52-week high 830.71 (May 25, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      32 8 STI MSCI EAFE MSCI EAFE Index May 23,2016 1,628.84 -5.45 (-0.33%) Current streak 1 day Day high 1,638.15 Day low 1,627.09 52-week high 1,936.32 (May 25,2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 2 0 0 1 2 9 3 Manufacturing 23 42 33 6 7 12 29 49 45 Commerce 10 15 18 2 7 5 12 22 23 Tpt/Stor/Comms 10 19 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,687 509 9,196 27,693 89 27,782 Manufacturing 85,210 137,469 222,679 80,564 3,740 84,304 Commerce 65,057 40,597 105,654 61,650 1,007 62,657 Tpt/Stor/Comms 141,521 280 141,801 126,189 23 126,212 Finance 19,057 2 19,059 101,202 101,203 Construction 54,723
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low Great Eastern 2190 94.0 4.5 2506/1870 SPDR S&P500 US$ ***** 49.8 0.2 *****/***** DBXT MSTaiwan US$ 1888 27.7 1.1 2350/1667 DBXT China50 US$ 2619 26.3 0.7 4190/2355 JSH USD 2863 24.9 0.6 3433/2524 BY PERCENTAGE CLOSE UP 52w high/low InnoPac 0.2 100.0 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE SP Corp 10.2 0.665 -0.135 -16.88 FullApex Heatec Jietong 1,020.8 0.025 -0.003 -10.71 Asia Fashion 30.0 0.150 -0.055 -26.83 PS Group 23.7 0.165 +0.035 +26.92 Allied Tech 311.0 0.017 -0.004 -19.05 FSL Trust 7,339.2 0.179 +0.010 +5.92 GDS Global 20.0 0.330 -0.005 -1.49 Blumont 8,460.0
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    • BROKERS’ TAKE
      • Article
        Lock icon CapitaLand Commercial Trust Neutral
        115 8 Target price: S$1.33 May 24 close: S$1.385 RHB Research, May 24 We advise existing unitholders of CCT to vote for the acquisition of the remaining 60 per cent of CapitaGreen, as we estimate that it could provide a 1.5 per cent FY17DPU uplift. We deem the
        115 words
      • Article
        Lock icon SATS Limited Add
        126 8 Target price: S$4.61 May 24 close: S$4.280 CIMB Research, May 23 SATS’ 2016 net profit was broadly in line with consensus and ours at 95 per cent of our FY16 forecast. Strength from Changi Airport benefited gateway services more than food solutions. We believe pricing pressure from
        126 words
      • Article
        Lock icon Singapore rigbuilders
        247 8  -  Compiled by Andrea Soh OCBC Research, May 24 EIG Management, a large US-based investment firm, has named several yards including Keppel Corp, Sembcorp Marine (SMM), and Odebrecht as defendants in an amendment to proceedings which were commenced against Petrobras in Feb this year. According to Upstream, EIG alleged
        247 words
    • Article
      Lock icon CALENDAR
      13 8 DATA IMay 25 Singapore GDP Singapore visitor Arrivals US MBA Mortgage Applications
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    • Article
      Lock icon US$ hits 8-week high against euro
      449 9 CURRENCIES REUTERS London THE US dollar strengthened across the board on Tuesday and hit an eight-week high against the euro as investors brought forward their bets on when the US Federal Reserve will raise interest rates again. The biggest loser among currencies in developed
      REUTERS  -  449 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.944 4.694 0.641 5.563 48.496 97.998 0.785 8.545 2.954 1.067 75.044 33.603 0.991 11.332 0.711 23.407 25.618 0.493 0.716 Canada 1.059 4.973
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 May 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9908 0.9912 0.7160 0.7162 Canadian dollar 1.0498 1.0501 0.7587 0.7586 Euro 1.5464 1.5469 1.1175 1.1177 NZ dollar 0.9288 0.9294 0.6712 0.6715 Sterling pound 2.0118 2.0125 1.4538 1.4541
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 May 24 S$ Bid Offer 1-month 1.3847 1.3851 2-months 1.3854 1.3859 3-months 1.3860 1.3866 6-months 1.3879 1.3884 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        396 9 May 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9337.50 9355.00 9260.00 9320.00 *****1 *****0 Jun16 9110.00 9127.50 9035.00 9097.50 *****0 *****4 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep16 *****.00 *****.00 *****.00 *****.00 79 3069 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        210 9 May 24 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ntegrator Intl Ltd W*****3 0.3 -0.1 5444 1 1 -7 4.67 30 DBS MB eCW*****1 8.5 -0.4 4000 0.1 1480 2 UOB MB eCW*****5 3.3 -0.1 3369
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        372 9 local curr dy yr dy yr dy yr May 23 Index Change Change Change Change Change Change World Preliminary 1241.7 -0.2 -2.8 -0.4 -4.3 -0.2 -1.6 EAFE Preliminary 934.5 -0.4 -7.8 -0.5 -7.7 -0.3 -5.1 Europe Preliminary 1323.1 -0.4 -6.3 -0.8 -7.8 -0.6 -5.2 Australia
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 May 24 $S Offer Bid 0vernight 0.05 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.50 0.40 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.10 0.90 9 months 1.30 1.10 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 May 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 98.95 5-Year NX*****X 2.250 01-Jun-21 102.51 102.78 102.60 10-Year NX*****Z 2.375 01-Jun-25 101.8 102.00 101.84 15-Year NZ*****F 2.875 01-Sep-30 105.21 105.30 105.30 20-Year NZ*****V 3.375 01-Sep-33 112.36 112.50 112.50
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 May-23 Price Net change change Last Trade Agricultural May-23 CBOT Soybeans (US cents/bu) 1058.50 -15.75 -1.47% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.15 -0.12 -0.38% 14/07/2016 CBOT Wheat (US cents/bu) 462.00 -5.75 -1.23% 14/07/2016 May-23 LIFFE Cocoa (£/tonne) 2214.00 66.00 3.07% 14/07/2016 LIFFE Coffee (US$/tonne) 1615.00 -17.00 -1.04%
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    • Article
      Lock icon SGX MAINBOARD
      1645 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 138 unch 220 138 135.5 0.9 8.2 876.8 Div 171.2 101 ARA Asset Mgmt 131.5 -2 473 133
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    • Article
      Lock icon SGX CATALIST
      304 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 16.2 4.5 t Alliance Mineral 6.4 unch ***** 6.8 6.3 25.2 LOW 19.9 8.3 t Anchor Resources 10.2 -0.2 1920 10.3 10 28.5 Sale
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    • Article
      Lock icon SGX ETF
      128 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 103.3 69.1 CIMB APAC Div US$ US75 +0.1 25 75 75 7.9 1002 700 CIMBASEAN40 US$ US797 -8 0 805 797 125 4190 2355 DBXT China50 US$ US2619 +19
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      152 5 An initiative by T ripartite Alliance for Fair Progressive Employment Practices HOW CAN WORK-LIFE STRATEGY ENHANCE YOUR BUSINESS VALUE? > Pauline Cnua General Manager of Human Capital CSR at Fuji Xerox Singapore 1 I i 1 f > TALE, J Work-Life Strategy is a series of measures and initiatives that
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      65 6 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES > 6 m answe www.straitstimes.com/askst .O Wo When will property prices stop falling? How much savings do 1 need to retire? L-& Lee Su Shyan, Business Editor Lorna Tan, Invest Editor Why can’t
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      9 6 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices
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      143 7 PICTET Pictet-Absl Rtn Fxd Inc-HP EUR Pictet-Asian Equities Ex Japan-P USD Pictet-Asian Local Currency Debt-P USD Pictet-Biotech-P USD Pictet-Clean Energy-P USD Pictet-Digital Communication-P USD Pictet-Em Lcl Ccy Dbt-P USD Pictet-Emerging Europe-P EUR Pictet-Emerging Markets-P USD Pictet-EUR Bonds-P Pictet-EUR Corporate Bonds-P Pictet-EUR Government Bonds-P Pictet-EUR High Yield-P Pictet-EUR Short Mid-Term Bonds-P
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      293 7 SHOW OPENS NEXT WEEK! k Communicllsia2016 www.CommunicAsia.com 31 May 3 June 2016, Tuesday Friday Basement 2, Level 1 and 3 Marina Bay Sands CONNECTING THE FUTURE NOW Join in the conversation: n oa #CommunicAsia2016 r Key trending technologies in 2016... Converged Connected Services Security Cyber-Security Borderless Broadband 1ST Disruptive Innovations
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      71 10 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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  • REAL ESTATE
    • Article
      Lock icon 3,770 BTO flats launched for sale
      710 12  -  One-quarter of the BTO flats in HDB’s May sales exercise are in the mature estates of Ang Mo Kio and Bedok By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A TOTAL of 8,940 flats were launched for sale on Tuesday by the Housing Development Board (HDB)
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    • Article
      Lock icon China investors to build industrial park at Oman’s Duqm port
      319 12 REUTERS Muscat A GROUP of Chinese investors have signed an agreement to build an industrial park at Oman’s southern port of Duqm in a project that could attract billions of dollars of investment, government and company officials said on Monday.
      REUTERS  -  319 words
    • Article, Illustration
      Lock icon Qingjian submits aggressive bid for Bukit Batok West site
      804 13  -  Its bid of S$301.16m (S$634.57 psf ppr) was the highest in a field of 11 contenders. This is set to be the developer’s first mixed-use project in Singapore By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CHINESE developer Qingjian Realty seems to be
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    • Article
      Lock icon SilverNeedle ties up with QIC Global to open Melbourne hotel
      345 13  -  By Gladys Yeo gladyeo@sph.com.sg Singapore SINGAPORE-BASED SilverNeedle Hospitality Group and wholesale funds manager QIC Global Real Estate will open a 300-room NEXT hotel in Melbourne’s central business district in 2019. This deal at a development cost of US$110 million has
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    • Article
      Lock icon Suzhou land sales halted as bids exceed limits
      287 13 BLOOMBERG Shanghai TWO land auctions were terminated in the Chinese city of Suzhou after bids surpassed limits set by the local government to stem a surge in prices. Offers on Monday for two plots of land in the city, which is 30
      BLOOMBERG  -  287 words
    • Article, Illustration
      Lock icon Why Singapore’s status as a shopping paradise is being eroded
      578 13 BLOOMBERG Singapore EMPTY storefronts in Singapore’s prime shopping district may become a more common sight. Vacancies in the city’s main Orchard Road area, a magnet for tourists lured by malls and Japanese department stores such as Takashimaya, have risen to
      BLOOMBERG; FILE PHOTO  -  578 words
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      994 12 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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      655 12 N Bangkok Bank Public Company Limited (INCORPORATED IN THAILAND) Consolidated Statements of Financial Position As at December 31,2015 and 2014 ASSETS CASH INTERBANK AND MONEY MARKET ITEMS, NET CLAIMS ON SECURITY DERIVATIVES ASSETS INVESTMENTS, NET INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES, NET LOANS TO CUSTOMERS AND ACCRUED INTEREST RECEIVABLES, NET Loans
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      68 13 HUATING Restaurant EXECUTIVE MENUS set to IMPRESS For Limited Time Only. Award-winning Hua Ting Restaurant presents three value-packed Executive Set Lunches from $35. Savour exquisite five-course menus featuring a curated selection of Masterchef’s signatures and creations. Dim Sum Delights Hua Ting Classics Flavours of Spring For reservations, please call 6739
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      84 13 FOR SALE INDUSTRIAL FACILITY IN SENOKO m 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 (CEA Reg No.: R*****4Z) (CEA Reg No.: R*****4J) Tel: 9616 3336
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  • BANKING & FINANCE
    • Article
      Lock icon New security plan from Swift after hacker heists
      456 14 CEO to launch five-point programme at conference this week to restore bank messaging service’s reputation REUTERS London THE Swift secure messaging service that underpins international banking says it plans to launch a new security programme as it fights to rebuild its reputation
      REUTERS  -  456 words
    • Article, Illustration
      Lock icon Financial tech startups compete for overlooked US immigrant market
      759 14 REUTERS Mexico City FOR two decades, Noe Sanchez sent money from California to his father in Mexico City through storefront outlets of traditional remittance firms such as Western Union. Now he grabs his smartphone and uses Remitly, one of several new
      REUTERS; PHOTOS: REUTERS  -  759 words
    • Article
      Lock icon HK exchange to work quickly to build China bond connect: CEO
      372 14 Investors will get more access to yuan assets; concept will be similar to Shanghai-HK stock connect REUTERS Hong Kong THE operator of Hong Kong’s stock exchange said on Tuesday it will “work very quickly” on a plan to link
      REUTERS  -  372 words
    • Article
      Lock icon Wall Street lobbyists decide against pushing Trump for specifics – for now
      663 14 Wall Street lobbyists decide against pushing Trump for specifics for now BLOOMBERG Washington THE banking industry is flummoxed on what to do about Donald Trump, even as their fears grow that his likely opponent has moved too far to the left. Last Tuesday, Mr Trump announced plans to unveil an
      BLOOMBERG  -  663 words
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      227 14 Discover Leading and Innovative Growth Companies Wholesale Investor and Shareinvestor.com have joined forces once again to bring you the Singapore Capital Expo and Small Cap Showcase June 2016 on Monday, 6th June 2016. Join Singapore’s high net worth investment community as we showcase some of Australia’s, Singapore’s and New Zealand’s
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      14 14 JUNE ISSUE OUT NOW! Getthe low-down onallthe teamsat Euro2016, plustopfootballers predictwho willwinthe competition! MENSHEALTH.COM.SG
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      127 14 OFFIC r ASIA 2016 29 JUNE -1 JULY Level 1, Hall A, Sands Expo Convention Centre Marina Bay Sands, Singapore GRAND PRIZE DRAW *m| PLATINUM SPONSORS < WIN GREAT PRIZES at OFFICE EXPO ASIA PRE-REGISTER ON LINE TO RECEIVE A GAME CARD WHEN YOU ARRIVE ’'Terms Conditions apply. Exchange the
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      648 15 Do retail bonds and REITs compete with or complement each other? To subscribe, call 6388-3838 or go to sphsubscription.com.sg NOTICES IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF LETOURNEAU TECHNOLOGIES ASIA PTE. LTD. (Co. Reg. No: *****2701D) (“Company”) NOTICE OF RESOLUTIONS
      648 words
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      2193 15 J. Safra Sarasin Holding Ltd Consolidated Balance Sheet 1,000 CHF 31.12.2015 31.12.2014 Assets Liquid assets 5,522,233 7,402,019 Amounts due from banks 1,700,346 4,157,409 Amounts due from securities financing transactions 128,740 173,777 Amounts due from customers 9,587,052 10,141,233 Mortgage loans 2,316,790 1,772,684 Trading portfolio assets 787,413 434,523 Positive replacement values of
      2,193 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Climate change takes centre stage at Exxon and Chevron AGMs
      749 16 More proposals up for vote as environmental concerns once considered peripheral by investors become mainstream REUTERS Houston EXXON Mobil Corp and Chevron Corp will face their toughest-ever push by shareholders concerned about a warming world at their annual general meetings
      REUTERS; PHOTO: REUTERS  -  749 words
    • Article
      Lock icon Surprise surge in overseas demand boosts US diesel margins
      467 16 REUTERS New York US refiners are enjoying their strongest diesel margins in months as surprisingly robust overseas demand, combined with lower domestic production, has triggered an unusually large drawdown in inventories for this time of the year. The surge in appetite
      REUTERS  -  467 words
    • Article
      Lock icon China National Nuclear Corp to build Sudan’s first atomic reactor
      313 16 BLOOMBERG Tokyo CHINA National Nuclear Corp (CNNC) agreed with Sudan to build the African nation’s first atomic reactor, China’s latest effort to expand its nuclear technology footprint abroad. A framework agreement between the two countries was signed on Monday during
      BLOOMBERG  -  313 words
    • Article
      Lock icon Fracking in Britain gets nod for the first time since 2011
      497 16 AFP London A SHALE gas fracking project won approval in Britain for the first time since 2011 on Monday as councillors in Yorkshire gave the go-ahead to a plan slammed by greens and locals. After listening to arguments for
      AFP  -  497 words
  • Page 16 Advertisements
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      1360 16 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Financial Statements As At 31 December 2015 BALANCE SHEET LIABILITIES AND SHAREHOLDERS’ EQUITY In thousands of euros, at 31 December 2015 2014 Interbank transactions and similar items 4,357,222 9,099,189 Central Banks, Post Office Cheque Centres 0 0 Debts to credit institutions
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  • TECHNOLOGY
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      1147 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CA Indosuez (Switzerland) SA, Geneva Head Office: Quai Général-Guisan 4, CH-1204 Geneva, Switzerland Singapore Branch: 168 Robinson Road, #23-03 Capital Tower, Singapore *****2 BALANCE SHEET AS AT 31 DECEMBER 2015 2015 2014 in thousands in thousands of CHF of CHF 1.
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  • CONSUMER
    • Article
      Lock icon Sony’s profit forecast below analyst estimates
      542 18 Repair of earthquake-hit chip factory and slowing demand for smartphone parts to take toll on earnings BLOOMBERG Tokyo SONY Corp has forecast annual profit that fell short of estimates, hurt by costs to repair an earthquake-dam-aged chip factory and slowing demand for smartphone components.
      BLOOMBERG  -  542 words
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      Lock icon Food company Beyond Meat to pitch its veggie burger against meat
      717 18 NYT New York FOR the handful of companies working to develop plant-based alternatives to meat, finding a hearty stand-in for the humble hamburger is the holy grail. One of those companies, Beyond Meat, says it has come up with
      NYT; PHOTO: NYT  -  717 words
    • Article
      Lock icon US expecting cheapest retail prices for ground beef in two years
      506 18 BLOOMBERG Chicago VEGETARIANS aside, who doesn’t like cheap burgers? Americans celebrating Memorial Day this weekend the unofficial kick-off to summer and the grilling season have one more windfall coming their way: the cheapest retail prices for ground beef in
      BLOOMBERG  -  506 words
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  • TRANSPORT
    • Article
      Lock icon Paying twice for bunkers
      868 19  -  The collapse of OW Bunker has created a legal tangle along the supply chain for fuel STRAIT TALK BY DAVID HUGHES IT is a truism that shipping is a global industry. As result, it can also be a complex one, especially when it comes to legal
      868 words
    • Article
      Lock icon Reviving trade ties, India and Iran sign port financing deal
      680 19 AFP Teheran INDIA has agreed to finance the development of an Iranian port as a trading hub, as Prime Minister Narendra Modi seeks to revive economic ties with Teheran after the lifting of sanctions. The Indian leader met Iranian officials
      AFP  -  680 words
    • Article
      Lock icon Data analytics startup Sense Infosys secures S$2m funding
      269 19  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE-BASED maritime and security data analytics startup, Sense Infosys, has secured S$2 million in funding. This will allow it to further its research and development in technology and products, as well as expand its sales and
      269 words
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      37 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Sovereign funds seek out yields in illiquid private debt funds
      846 20 Research firm Preqin says 35% of sovereign funds now invest in private debt, up 11 percentage points from 2015 London SOVEREIGN wealth funds (SWFs) seeking higher returns other than from mainstream bonds are helping to drive a boom in specialist
      846 words
    • Article
      Lock icon ECB warns of financial turmoil as populism adds to Asia risks
      425 20 BLOOMBERG Frankfurt THE European Central Bank (ECB) warned that risks of financial-market turmoil have increased amid slower growth in emerging economies, weak bank profitability and the rise of populist movements across the 19-nation euro region. The ECB wrote in
      BLOOMBERG  -  425 words
    • Article
      Lock icon New-home sales in April surge to highest level since 2008
      510 20 LATEST US DATA BLOOMBERG Washington PURCHASES of new homes in the US surged in April to the highest level since the start of 2008, pointing to a robust spring selling season for builders. Sales jumped 16.6 per cent to a
      BLOOMBERG  -  510 words
    • Article, Illustration
      Lock icon IMF offers tough solution to ESM for Greece
      598 20 BLOOMBERG London AS European finance ministers gathered in Brussels to decide on the next bailout payment to Greece, the International Monetary Fund (IMF) has come up with a solution to reduce financing costs that may leave the bond market with indigestion. The
      BLOOMBERG; PHOTO: REUTERS  -  598 words
    • Article, Illustration
      Lock icon Obama prods Vietnam on human rights, saying it’s not a threat to stability
      769 20 REUTERS Ho Chi Minh City US President Barack Obama chided Vietnam on political freedoms on Tuesday after critics of the communistrun government were prevented from meeting him in Hanoi a discordant note on a trip otherwise steeped
      REUTERS  -  769 words
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      Lock icon Indonesia eases foreign ownership curbs in ‘big bang’ liberalisation
      469 21 Restrictions relaxed on enterprises including tourism businesses, transportation firms, and movie theatres REUTERS BLOOMBERG Jakarta INDONESIA has issued new regulations opening dozens of business sectors to foreign investors a measure described by President Joko Widodo as a “big bang” liberalisation of
      REUTERS; BLOOMBERG  -  469 words
    • Article, Illustration
      Lock icon Brexit seems increasingly unlikely to corporate-debt investors
      653 21 BLOOMBERG London THE corporate-bond market is signalling that investors expect UK voters to reject leaving the European Union (EU). Growing confidence that the nation will avoid a Brexit, and the resulting economic uncertainty, means investors are accepting narrower premiums to hold debt denominated
      BLOOMBERG; PHOTO: BLOOMBERG  -  653 words
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      Lock icon Private consumption, construction investment propel German Q1 GDP
      676 21 REUTERS AFP Berlin STRONG private consumption and higher construction investment drove a 0.7 per cent rise in German gross domestic product in the first quarter, more than offsetting the effects of weaker foreign trade, data showed on Tuesday. The German government’s increased
      REUTERS; AFP  -  676 words
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      48 21 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 mtdetasph.com.sg Organised by sphere SINGAPORE BUSINESS FEDERATION
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      28 21 c How much money have you made on your home? Kn S-100K 1 2008 2009 2010 2011 2012 2013 2014 2015 2016 my Capital Gain $104,000 (12.68%) SRX.com.sg/property-tracker
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      43 21 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 EXTENDED TILL 30 MAY 2016! $788 To register or find out more about the bootcamp, visit http://learning.stjobs.sg/ bootcamp STJOBS LEARNING
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      28 21 “A book that embodies all the sensitivity and gracefulness and playfulness I associate with my adopted home, Kyoto.” Pico Iyer, author of The Art Of Stillness Nowonsaleatallmajorbookstoresand www.stpressbooks.com.sg
      28 words
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  • OPINION
    • Article
      Lock icon Americans should see how US policy in Asia has been an incredible success
      565 22 EDITORIAL US President Barack Obama is visiting Vietnam and Japan this week, his 10th presidential trip of Asia. It is his farewell tour to a part of the world which he has placed at the centre of
      565 words
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      Lock icon Parallels between online lending and subprime mortgages
      829 22  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington COULD online lending cause the next financial crisis? While the odds seem overwhelmingly against it, the recent turmoil at LendingClub a leading online lender makes it hard not to ask
      THE WASHINGTON POST WRITERS GROUP  -  829 words
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      Lock icon African agenda follows Latin American success
      1123 22  -  But Singapore investors should note that with 54 markets in Africa at varying degrees of development market entry into the continent is a different ball game. BY ROBERT MACPHERSON game.BY ROBERT MACPHERSON T The writer is adjunct researcher at the NTU-SBF Centre for African
      PHOTO: REUTERS  -  1,123 words
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      Lock icon History unlikely to look kindly on G-7’s lack of consensus
      1009 23  -  COMMENTARY By Anthony Rowley Tokyo TOKYO financial markets have responded with dismay at Japan’s failure to secure G-7 backing for currency market intervention as a means of curbing the yen’s rise. But that is probably just the start of a
      1,009 words
    • Article
      Lock icon Investors, ask questions at AGMs to clear any doubts
      289 23  -  LETTER TO THE EDITOR Andrew Seow Chwee Guan I READ with interest the article by professor Mak Yuen Teen (“Shareholders should back only qualified directors”, May 19). The following are my observations at every annual general meeting (AGM): IEven if an
      289 words
    • Article
      Lock icon Cameron and Osborne could well end up with the fear they’re sowing
      695 23  -  COMMENTARY By Neil Behrmann POLLS indicate that the economic scare stories of UK Prime Minister David Cameron and Chancellor George Osborne will persuade the electorate to vote against Brexit in the June referendum. The danger, however, is that
      695 words
    • Article, Illustration
      Lock icon Rethinking your organisation in times of major disruption
      1104 23  -  By understanding the drivers of change, analysing the issues, and applying key principles, organisations can pull off a revamp. BY JACKSON KAM, VIDISHA MEHTA AND AEKARAJ GURUVANICH revamp.BY JACKSON KAM, VIDISHA MEHTA, AEKARAJ GURUVANICH TThe writers are respectively leader in Asia, the
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      2054 24 THE BUSINESS TIMES V’-a-'V Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) BTG SIN PKL PGU JKT SUR POSITIVE BRAVE 2 100 27/5 31/5 2/6 NANIWA 002 60 31/5 1/6
      2,054 words
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      244 24 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 888 BST252 26/05/2016 27/05/2016 Buatan/Buatan DAILY Marco Polo 256 BST002 26/05/2016 27/05/2016 Buatan/Buatan DAILY Marco Polo
      244 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Twin sisters on a musical journey
      614 25  -  They’ll play traditional Chinese instruments in their debut recital as a duo By Dylan Tan dylantan@sph.com.sg Singapore WHEN it comes to choosing a musical instrument for a child to learn, the natural choice for most parents would be the piano or the violin. Not
      614 words
    • Article
      Lock icon Retirees in Europe flocking back to university to earn degrees
      451 25 WP Washington FRANZ-Josef Mittnacht likes to be considered as just an average student. But in one way, he really isn’t that average: Mr Mittnacht is 86 years old. He is among a growing number of European retirees who have flocked
      WP  -  451 words
    • Article
      Lock icon Rage management a booming business in angry LA
      650 25 AFP Los Angeles BERNARD Minor spent 26 years behind bars for murdering a drug dealer who owed him US$400. Now, the ex-con spends his days teaching others to keep their rage in check, one of the swelling ranks of America’s anger therapists.
      AFP  -  650 words
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      Lock icon Napoleon’s ‘car’ collection on display at Versailles
      437 25 BLOOMBERG New York IF NAPOLEON had lived to see the year 2016, he might be zipping across the French countryside in a Bugatti. Yet that US$2.6 million beauty wouldn’t warrant a test drive compared to the rides he sported back in the 18th
      BLOOMBERG; PHOTOS: AFP  -  437 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      338 25 CRYPTIC CROSSWORD Across 1 Douglas’s pet? (4,3) 5 Bit of rough treatment for unseasoned wood (3,4) 9 Heading west, nothing holds up one coming from the border? (5) 10 Course leading clubs perhaps put it on for training? (9) 11 Doing without strong drink it’s discouraged (10) 12 State of
      338 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Tudor cuts fees on biggest fund
      1027 26 The hedge fund is making the changes after remaining clients pushed for lower fees, although it still charges more than most peers BLOOMBERG New York TUDOR Investment Corp, one of the oldest and most expensive hedge funds, is trimming fees as the finance industry’s
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,027 words
    • Article, Illustration
      Lock icon Universal life policyholders in US go to court over rising premiums
      985 26 NYT New York SOME consumers who bought universal life insurance policies decades ago are now facing premium increases in the double-digit percentages to maintain the policies. The policyholders have limited options, since finding affordable replacement policies would probably be
      NYT; ST FILE ILLUSTRATION  -  985 words
    • Article
      Lock icon Funds sell more Singapore stocks than they buy
      474 26 ON THE RADAR GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to May 18. Based on the top five most traded stocks, there were S$1.29 billion worth of net sells compared to S$613.2 million
      474 words