The Business Times, 6 June 2016

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Microfilm: NL38882
Total Pages: 24
1 24 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 Monday, June 6, 2016
    22 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,809.23 +6.72 KL COMP 1,636.46 -0.73 NIKKEI 225 16,642.23 -192.61 HANG SENG 20,947.24 +370.47 SHENZHEN B 1,088.23 +41.88 DOW 17,807.06 -66.16
    25 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    235 1 China has rebuffed US pressure to curb its activity in the South China Sea, restating its sovereignty over most of the disputed territory and saying it “has no fear of trouble”.TOP STORIES 2 Japan’s top shipping and trading companies are eyeing an early foothold in Singapore’s nascent LNG
    235 words
  • Article
    Lock icon Land supply for private homes may rise, reversing trend
    1477 1  -  Land-hungry developers and a pick-up in home sales cited for prediction for confirmed list in H2 Government Land Sales Programme By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE downtrend in the supply of state land in the confirmed list for private housing
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  • Article
    Lock icon SGX sets its sights on first ETF for Singapore Reits
    892 1  -  By Renald Yeo yrenald@sph.com.sg Singapore THE local bourse operator is aiming to have an exchange-traded fund (ETF) for Singapore real estate investment trusts (Reits) (S-Reits) launched in the second half of this year, in what would be a first for
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      Lock icon Page 1 Advertisements Column 1
      240 1 *****1 *****1 TI1E BUSINESS TIMES COMPANY OF GOOD For BusAds, giving back to the community is a responsibility TOP STORIES 4 TOPLINE Delivering healthy babies and robust returns COMPANIES MARKETS 5 NEW RESTAURANT Peranakan fare at Claymore Connect DINING OUT/23 IWC. ENGINEERED FOR MEN Big Pilot’s Watch. Ref. 5009: Leaning
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singapore’s brand name seen as an advantage in Myanmar
      703 2  -  IE Singapore official urges companies to take a long-term view towards the country By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IF the new Myanmar government continues to speed up economic reform to attract foreign trade and investment, the South-east Asian nation will
      PHOTOS: IE SINGAPORE  -  703 words
    • Article
      Lock icon Market may get a boost if Fed delays rate hike
      826 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, stocks finished flat because of a nasty shock from the jobs market but the implications of that report could boost the market this week, should they change the hawkish tone at
      826 words
    • Article, Illustration
      Lock icon In pushback to US, China says it ‘has no fear of trouble’ in South China Sea
      736 2 REUTERS Singapore CHINA rebuffed US pressure to curb its activity in the South China Sea on Sunday, restating its sovereignty over most of the disputed territory and saying it “has no fear of trouble”.
      REUTERS; PHOTO: AFP  -  736 words
    • Article, Illustration
      Lock icon Japan firms seek role in S’pore’s LNG bunkering
      1055 4  -  Mitsui OSK Lines confirms interest in Republic’s pilot LNG bunkering ops; Marubeni potentially tying up with NYK for joint application with MPA for third LNG bunkering licence By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore JAPAN’S top shipping and trading companies are eyeing
      ST FILE PHOTO  -  1,055 words
    • Article, Illustration
      Lock icon 1998: New rules Clob-ber investors
      323 4 Suharto resigns amid protests, Mahathir sacks Anwar. BY CAI HAOXIANG HE biggest news stories of 1998 had their roots in Singapore’s neighbouring countries as they dealt with economic and political turbulence in the aftermath of the 1997 Asian Financial Crisis. On Aug 31, Malaysia banned
      BT Graphics: Andrea Lee  -  323 words
    • Article, Illustration
      Lock icon For BusAds, giving back to the community is a responsibility
      770 4  -  COMPANY OF GOOD By Tan Effie taneffie@sph.com.sg Singapore BUSADS is no stranger to giving back. A family business with over 33 years of operation in the outdoor advertising industry, BusAds believes that giving back to the community is “not a
      PHOTO: AIDAN LOO  -  770 words
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      Lock icon Page 3 Advertisements Column 1
      1958 3 INDUSTRIAL AND COMMERCIAL BANK OF CHINA ICBC Leads the Way Into the Era of RMB Internationalisation Hosts of 2 nd RMB Internationalisation Summit RMB Rising On The Maritime Silk Road Inauguration of ICBC Shipping Finance Centre (Asia Pacific) Leveraging Singapore's unique strengths in China's "One Belt, One Road” journey The
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      50 4 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Delivering healthy babies – and robust returns
      1029 5  - Delivering healthy babies and robust returns SOG’s business model is one big reason why it paid out a handsome 87.2% of its net profit as dividends last year TOPLINE By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore HOW many head honchos of a Singa-pore-listed company would choose to set up headquarters in
      PHOTO: AIDAN LOO  -  1,029 words
    • Article
      Lock icon Zhongxin director assisting CAD over possible SFA infringements
      419 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CATALIST-LISTED fruit juice manufacturer Zhongxin Fruit and Juice on Sunday said that its lead non-executive independent director Ngiam Zee Moey is being interviewed by the Commercial Affairs Department (CAD) of the Singapore Police Force. Mr Ngiam
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    • Article
      Lock icon Director buying rebounds; buyback activity rises for 4th week
      1784 5  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited THE buying rebounded while the selling among directors was low for the fifth straight week based on filings on the exchange from May 30 to June 3.
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    • Article
      Lock icon Becoming a non-profit director
      872 6  -  Stepping out of corporate realm into NPOs helps execs better understand and embrace the new world order SID BOARDROOM SINGAPORE 4 “™"o£ MATTERS By Usha Menon T The writer is a member of the Professional Development Committee of the Singapore Institute of Directors IT is not
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    • Article, Illustration
      Lock icon The Fed should have the courage to act
      678 7  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT EVERY six weeks, financial markets hold their breath and wonder what the US Federal Reserve will say and do at its Federal Open Markets Committee (FOMC) meetings. Every six weeks the press, investors and general public
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    • Article
      Lock icon STI STOCKS
      305 7 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 -1 234/227 253 209 6.6 6087.5 CapitaCom Trust 140.5 -0.5 143/138.5 160.5 122.5 6.1 4153.7 CapitaLand 302 +4 303/295 358 267 12.1 3 *****.2 CapitaMall Trust 203 -2 208/200 224 184.5
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    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      63 7 STI Catalist WEEKLY Straits Times Index June 3,2016 2,809.23 +6.72 (+0.24%) Current streak 2 days Week high 2,809.23 Week low 2,790.54 52-week high 3,353.85 (June 12, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index June 3,2016 433.74 -2.60 (-0.60%) Current streak 1 day Week high 434.87 Week
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    • Article
      Lock icon GAINERS
      77 7 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 942.0 5.9 *****/***** SPDR S&P500 US$ ***** 151.3 0.5 *****/***** DBXT China50 US$ 2779 112.8 3.0 4087/2355 Lyxor MS India US$ 1505 110.0 5.6 1840/1331 DBXT Vietnam US$ 2368 74.3 2.3 2786/2017 BY PERCENTAGE CLOSE UP 52w high/low China
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    • Article
      Lock icon LOSERS
      73 7 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -116.9 -0.7 *****/***** JMH USD 5495 -75.6 -1.0 6103/4500 DBXT iBoxxSig SG$ ***** -73.0 -0.5 *****/***** JSH USD 2900 -42.6 -1.1 3300/2524 Jardine C&C 3330 -35.0 -1.0 4520/2636 BY PERCENTAGE CLOSE DOWN 52w high/low Cedar Strategic 0.2 -50.0 -0.2 0.4/0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 7 VOL CLOSE($) CHANGE Equation 22,049.2 0.004 +0.001 +33.33 Hoe Leong 150.0 0.031 -0.011 -26.19 Ossia Intl 90.0 0.149 -0.019 -11.31 Leader Env 1,762.0 0.041 +0.005 +13.89 Lasseters Intl 249.0 0.049 -0.002 -3.92 Casa 40.0 0.120 +0.020 +20.00 Teho Intl 8.1 0.073 -0.025 -25.51 VibroPower 3.0 0.340 +0.065 +23.64
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 7 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index June 3,2016 686.42 +0.89 (+0.13%) Current streak 2 days Week high 686.42 Week low 684.50 52-week high 804.33 (June 12, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article
      Lock icon MOST ACTIVE
      37 7 VOLUME Cedar Strategic 962,363,100 Noble 542,669,600 Ezra 200,810,300 HPH Trust USD 121,296,000 ThaiBev 106,777,500 Market volume 7,411,952,000 VALUE DBS Grp 542,454,522 HongkongLand USD 481,700,473 Singtel 368,491,114 OCBC Bank 224,708,862 Global Logistic 185,610,345 Market value 5,163,730,000
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    • Article
      Lock icon SGX ETFs
      109 7 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 286 +1 1768 288/282 343/254 285/286 IS MS INDIA US$ US687 +2 1512 691/678 780/575 687/689 85.9 ABF SG Bond ETF 116.5 -0.3 132 117/115.5 119/112 115.5/116.5 531.8 UETF SSE50China 193 +3 108 196/190
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    • Article
      Lock icon COMPANY MEETINGS
      111 7 COMPANY MEETING PLACE DATE TIME Fischer Tech Ltd E 39 Scotts Road Sheraton Towers S'pore Ballroom 3 (Lvl 2) 07-Jun 3.00pm Natural Cool Hldgs E 29 Tai Seng Avenue #07-01 Natural Cool Lifestyle Hub 08-Jun 10.00am United Engineers Ltd E The Auditorium 12 Ang Mo Kio Street 64
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 7 Jun 3 VALUE CLOSE BT OB/OS -8.00 -26.00 BT CADI -*****.00 +13.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 675.69 -0.27 FTSE ST Small Cap 392.38 +1.71 FTSE ST All Share 686.42 +1.57 FTSE ST China Top 163.69 +0.46 FTSE ST China 190.53 +0.06 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 9 1 1 0 0 7 9 1 Manufacturing 58 55 24 9 18 9 67 73 33 Commerce 31 26 9 8 5 8 39 31 17 Tpt/Stor/Comms 15 19 4
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    • Article, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 7 STI MSCI EAFE WEEKLY MSCI EAFE Index June 3,2016 1,670.89 +2.13 (+0.13%) Current streak 1 day Week high 1,671.49 Week low 1,652.98 52-week high 1,898.82 (June 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 7 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 68,587 1,179 69,766 237,776 218 237,994 Manufacturing 444,789 1,192,520 1,637,309 461,066 10,391 471,457 Commerce 683,794 101,948 785,742 451,964 4,412 456,376 Tpt/Stor/Comms 673,853 824 674,677 891,067 64 891,131 Finance 170,878 615 171,493 1,011,755 89 1,011,844 Construction
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    • Article
      Lock icon Zinc hits 10-month peak, copper up as US$ slides; gold gets a reprieve
      879 7 COMMODITIES REUTERS BLOOMBERG London ZINC notched up a new 10-month high on Friday after the dollar tumbled due to weak US jobs data and as bullish speculators kept buying ahead of expected shortages. Copper rose after a
      REUTERS; BLOOMBERG  -  879 words
    • Article
      Lock icon Pound does poorly vs euro as Brexit gains ground
      391 8 CURRENCIES BLOOMBERG London THE pound is heading for its biggest weekly drop against the euro in a year as investors are shaken in their view that Britain will vote to stay in the European Union. Sterling’s appreciation in the last three
      BLOOMBERG  -  391 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        381 8 Jun 3 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9410.00 9442.50 9357.50 9417.50 *****4 *****1 Jul16 9302.50 9330.00 9252.50 9285.00 349 2176 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****6 Sep16 *****.00 *****.00 *****.00 *****.00 ***** 6807 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        212 8 Most active Jun 3 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.5 -0.6 ***** 0.1 1620 4 KepCorp MB eCW*****1 6.8 -0.8 ***** 0.2 600 5 OCBC Bk MB eCW*****3 3.7 unch *****
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 8 In local curr In S$ In US$ dy yr dy yr dy yr Jun 3 Index Change Change Change Change Change Change World Preliminary 1265.0 -0.3 -1.0 -0.9 -3.3 0.2 0.8 EAFE Preliminary 945.6 -0.2 -6.7 0.0 -6.6 1.1 -2.6 Europe Preliminary 1344.3 -0.5 -4.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Jun 3 $S Offer Bid 0vernight 0.02 Par 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.05 US$ Offer Bid 7 days 0.50 0.40 1 month 0.52 0.42 2 months 0.65 0.45 3 months 0.80 0.60 6 months 1.10 0.90 9 months 1.30 1.10 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 8 Jun 3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.10 99.10 99.10 5-Year NX*****X 2.250 01-Jun-21 102.90 102.97 102.89 10-Year NX*****F 2.125 01-Jun-26 99.70 99.80 99.55 15-Year NZ*****F 2.875 01-Sep-30 105.72 20-Year NZ*****V 3.375 01-Sep-33 112.80 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 8 Jun-3 Price Net change change Last Trade Agricultural Jun-3 CBOT Soybeans (US cents/bu) 1132.00 -12.25 -1.07% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.26 unch 0.00% 14/07/2016 CBOT Wheat (US cents/bu) 497.25 11.75 2.42% 14/07/2016 Jun-3 LIFFE Cocoa (£/tonne) 2241.00 -8.00 -0.36% 14/07/2016 LIFFE Coffee (US$/tonne) 1641.00 9.00 0.55%
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    • Article, Illustration
      Lock icon Credit Suisse boss faces revolt from bankers
      1535 9 Tidjane Thiam’s strategy shift towards emerging markets and disdain for once-core businesses have made many of the financial giant’s well-compensated deal-makers unhappy NYT New York WHEN Tidjane Thiam took over at Credit Suisse last July, he laid out a new direction for a
      NYT; PHOTO: REUTERS  -  1,535 words
    • Article
      Lock icon PRIME LENDING RATES
      237 9 Jun 3 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1257 9 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl Hldgs by 448.600 22-Mar 24-Mar 15-Jul 17-Mar Accordia Golf Tr aj 4.310 09-Jun 13-Jun 21-Jun 26-May AEM Hldgs aw 0.500 05-Jul 08-Jul 22-Jul 03-May Aims Amp Cap Ind Reit df 2.662 06-May 10-May 22-Jun 27-Apr Aims
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1219 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 9.91 0.90 0.64 AIMS AMP Cap Industrial Reit 1.00 1.00 4 0.11 12.67 1.50 1.38 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      1976 10 Week Ended: Jun 3 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High week 151.5 127 AIMSAMP Cap Reit 138 +1 868 138 135.5 0.9 8.2 878.3 Div 171.2 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      340 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Week Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 9.7 -0.6 ***** 10.6 9.7 27.1 Sale ('000) High Low C'vr P/E 8.8 32 16.7 t CNMC
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    • Article
      Lock icon SGX ETF
      169 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1294 991 CIMBASEAN40 S$D 1116 +21 0 1126 1116 957 700 CIMBASEAN40 US$ US820 +8 4 834 806 128.6 4087 2355 DBXT China50 US$ US2779 +82 28 2787
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  • Page 10 Advertisements
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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!
      71 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Gulf investors hold back from UK on Brexit fears
      1164 11 They already hold big British real estate portfolios REUTERS Dubai GULF Arab investors, some of the biggest buyers of British real estate, are holding back from new deals because they fear a property price slump if Britain leaves the European Union,
      REUTERS; PHOTO: BLOOMBERG  -  1,164 words
    • Article
      Lock icon Rent hikes in US are finally slowing – mostly for the rich
      650 11 Rent hikes in US are finally slowing mostly for the rich BLOOMBERG New York WHEN shares of apartment owners fell last week on disappointing revenue projections in New York and San Francisco, it was bad news for the property companies and good news for renters. Well, some renters. Between April
      BLOOMBERG  -  650 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Partial inclusion of Chinese shares in MSCI on the way?
      1030 12  -  Speculation might have caused the jump in A-shares last week By Aidan Yao The writer is senior emerging Asia economist at axa investment Managers IT IS that time of year again when the annual review of index provider MSCI on
      Source: AXA Investment Managers  -  1,030 words
    • Article, Illustration
      Lock icon Fed chair Yellen needs to rebuild Fed consensus in today’s speech
      572 12 All bets are on a possible Sept 2016 hike, pending data revisions or reversals FED Chair Janet Yellen faces the challenge of rebuilding and reinforcing the Federal Open Market Committee’s (FOMC) faltering consensus regarding the timing of the next
      PHOTO: BLOOMBERG  -  572 words
    • Article, Illustration
      Lock icon Investing savings via hard work
      680 12  -  By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore FINANCIAL literacy is not rocket science, said a top financial literacy trainer who made his first investment at age 12 and started investing in individual stocks at 21. Rather, being financially savvy is about taking ownership of one’s finances
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      105 12 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      63 13 SGCARMART HAPPYSELLERS $5,000CARSOLDFORMORETHANEXPECTED! ADVERTISE YOUR CAR FOR SALE NOW Visit sgcarmart.com/owner Once you find a buyer, sgCarMart Connect will provide -REBECCACHAN 100% FREE settlement on Loans, Insurance Paperwork for both seller buyer. Call 6744 3540 You may also come to our office to post your advertisement. 61 Ubi Avenue 2
      63 words
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  • TECHNOLOGY
    • Article
      Lock icon Russian hi-tech spy devices come under attack
      816 14 New technologies, including phonecall interception and a facial recognition app, stir fierce debate about privacy and data monitoring AFP Moscow NEW Russian technologies, including phonecall interception and a facial recognition app, have stirred a fierce debate about privacy and data monitoring. Infowatch, a
      AFP  -  816 words
    • Article, Illustration
      Lock icon Virtual assistant Alexa is capable of 1,000 ‘skills’, says Amazon
      481 14 AFP San Francisco AMAZON on Friday boasted that its virtual assistant Alexa is capable of 1,000 “skills”, as the online retail giant bolsters defences against rivals such as Google and Apple. The Seattle-based company said in a blog post that
      AFP; PHOTOS: AFP  -  481 words
    • Article
      Lock icon Glassdoor raises funding at higher valuation
      565 14 BLOOMBERG New York WHILE LinkedIn Corp struggles in the public market, one of its private competitors just raised new funding at a higher valuation. Glassdoor Inc has tapped investors for US$40 million in a financing round led by T Rowe Price Associates, Inc. The
      BLOOMBERG  -  565 words
    • Article
      Lock icon Tech moguls declare era of artificial intelligence
      348 14 REUTERS Palos Verdes, California ARTIFICIAL intelligence (AI) and machine learning will create computers so sophisticated and godlike that humans will need to implant “neural laces” in their brains to keep up, Tesla Motors and SpaceX CEO Elon Musk told a crowd of tech
      REUTERS  -  348 words
    • Article, Illustration
      Lock icon Tony Fadell steps down as CEO of Alphabet Inc’s Nest unit
      426 14 REUTERS London TONY Fadell, a well-known Silicon Valley executive who was once expected to play a central role in Alphabet Inc’s hardware efforts, has stepped down as chief executive of the search giant’s Nest unit, the company said. Mr
      REUTERS; PHOTO: BLOOMBERG  -  426 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon JPMorgan Chase embraces business casual dress code
      698 15 The tech industry and Silicon Valley have influenced Wall Street fashion in the past NYT New York WALL Street may be known as the home of one of the most buttoned-up industries in the country, but JPMorgan Chase is letting its employees relax
      NYT; PHOTO: REUTERS  -  698 words
    • Article
      Lock icon Some US small business owners bypass the bank
      724 15 NYT New York AFTER losing her job at LivingSocial, the online deal company that went nearly bankrupt three years ago, Kate Levenstien decided to take a chance on a business that combined two things she loved: bacon and beer. Her plan was
      NYT  -  724 words
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      129 15 TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SIGN UP NOW www.tnp.sg/WAGC Ron Totton Division A Champion, 2015 SINGAPORE Q UALIFIERS presented by GOODIE BAG WORTH OVER $750 Get a Ice Chrono Electrik Watch worth $300, Golfing Vouchers from
      129 words
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  • ENERGY & COMMODITIES
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      Lock icon Page 16 Advertisements Column 1
      33 16 m Who’s selling his home in your neighbourhood? Your Neighbourhood Floor Listings Be the first to know when your neighbour's home goes on the market. Blk 28 Condominium $855 000 $944 psf SRX.com.sg/property-tracker
      33 words
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      Lock icon Page 16 Advertisements Column 2
      217 16 $53.50 Value.able shares with us the right mindset which every investor should have and how we can identify the extraordinary businesses in the stock market. Most importantly, it teaches us the different valuation models for stocks valuation. By following the 3 simple steps mentioned in the book, investors are able
      217 words
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      18 16 SCAN&READ www.omy.sg fSi mmv How to save money while dining out at restaurants i. ■>. r m W ia
      18 words
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  • CONSUMER
    • Article
      Lock icon As Inter deal nears, Suning eyes football empire
      601 17 Chinese retail giant is expected to buy a majority stake in the famous Italian football club; it is also reportedly seeking deals to help create a global sporting “ecosystem” REUTERS Shanghai CHINESE retail giant Suning Commerce Group Co Ltd, set to tie
      REUTERS  -  601 words
    • Article, Illustration
      Lock icon Liquid cancer test offers hope for alternative to painful biopsies
      891 17 NYT Chicago A BLOOD test to detect cancer mutations produced results that generally agree with those of an invasive tumour biopsy, researchers reported, heralding a time when diagnosing cancer and monitoring its progression may become less painful and risky. The
      NYT; PHOTO: NYT  -  891 words
    • Article
      Lock icon Advocates of Walmart employees express scepticism over raises
      782 17 NYT Fayetteville, Arkansas LAST week, as part of the festivities that surrounded Walmart’s annual shareholder meeting, Eye of the Tiger blasted through loudspeakers as employees entered an arena at the University of Arkansas. Hand-picked by their managers out of Walmart’s workforce of
      NYT  -  782 words
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      134 17 The preferred gifts fair in town! ifSGPFair Singapore Gifts Premiums Fair 2016 29 JUNE-1 JULY Level 1, Hall B C Sands Expo Convention Centre Marina Bay Sands, Singapore The Premier Platform for Gifts Sourcing Pick-up useful tips with on-floor seminars conducted by industry experts! Are you doing digital marketing right?
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      127 17 t. x/FOOD that heals V b. 1 ©5 vet 24-25 June 2016 At-Sunrice GlobalChef Academy, Singapore Join us at this first-of-its-kind conference where healthcare and food professionals including clinicians, doctors, nutritionists, dietitians, chefs and professional caregivers broaden their culinary and nutrition knowledge. FEATURED SPEAKERS Founder and D rector At-Sunrice GlobalChef
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      66 17 A Uniquely Positioned Event An Effective Marketing Branding Platform for Financial Institutions in Asia. What Makes INVEST Fair Unique? Largest Investment Event In Singapore Proven Results For Exhibitors Maximum Unlimited Marketing Possibilities Extensive Marketing On Print, Online, Outdoor, Radio, Social Media and Other Platforms Flexible Sponsorship Packages CELEBRATING 10 SPLENDID
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon A patois paradox
      2264 18 THIS WEEK’S TOPIC: What’s your take on the inclusion of Singlish terms in the Oxford English Dictionary? Joshua Yim CEO Achieve Group THE inclusion of 19 words from Singapore presents a paradox: the OED continues its tradition of cataloguing all the uses of all the words in
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  • TRANSPORT
    • Article, Illustration
      Lock icon Bombardier chasing customers for new CSeries
      690 19 This despite discount headache, accusations of price dumping over Delta Air order REUTERS Zurich BOMBARDIER is stepping up efforts to woo the airline industry with its more efficient new CSeries jet, hoping to win new orders without falling under the spell of prolonged discounting
      REUTERS; PHOTO: REUTERS  -  690 words
    • Article
      Lock icon China’s HNA Group eyes South American airline groups
      380 19 REUTERS New York CHINA’S HNA Group has expressed interest in acquiring Avianca Holdings SA and Avianca Brasil, the South American airlines controlled by Bolivi-an-born entrepreneur Germán Efromovich’s Synergy Group, people familiar with the matter said. Avianca Holdings and Avianca Brasil are working
      REUTERS  -  380 words
    • Article
      Lock icon BMW revamps R&D to focus on self-driving cars
      322 19 REUTERS Munich BMW is overhauling its research and development activities to focus on self-driving cars, board member Klaus Froehlich said, a move which includes a revamp of its “i” sub-brand of carbon-fibre based electric vehicles. The company is updating its ze-ro-emission vehicles
      REUTERS  -  322 words
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      56 19 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES 9 O/ /o 8 m 6 ask S' A X straitstimes.com/askst ABc 4 a Where should I eat today? How do I score the best travel deals? Tan Hsueh Yun, Food Editor Should
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      335 19 Subscribe withSjSlat Singapore Book Fair 2016 and get a $50CASH VOUCHER Existing subscribers without contract who renew or upgrade their package will get a $30 CASH VOUCHER*. 3-9 JUNE 2016 3 June: 4pm-10pm, 4-8 June: llam-IOpm, 9 June: 11am-8pm Suntec International Convention Exhibition Centre Hall 401 402 THE BUSINESS TIMES
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Abenomics shifts to new fiscal tack, with the accompanying rise in risk
      992 20  -  PM Abe to offer fiscal spending package with BOJ expected to come through with actions to finance it By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe’s “Abenomics” policies are expected to enter a new stage this
      PHOTO: AFP  -  992 words
    • Article, Illustration
      Lock icon NY Fed first rejected cyber-heist transfers, then moved US$81m
      1001 20 Fed’s decision to later fulfil some resubmitted requests raises questions about whether it missed red flags REUTERS Dhaka, Bangladesh HOURS before the Federal Reserve Bank of New York approved four fraudulent requests to send US$81 million from a Bangladesh Bank account
      REUTERS; PHOTO: REUTERS  -  1,001 words
    • Article
      Lock icon Swiss voters reject basic income, pay limit initiatives
      626 20 These populist proposals are seen as latest threat to country’s business-friendly environment BLOOMBERG Zurich THE Swiss have rejected two populist initiatives that constituted the latest threat to the country’s busi-ness-friendly environment. Voters dismissed a measure that would have reduced the pay of
      BLOOMBERG  -  626 words
    • Article
      Lock icon China’s Silk Road plan faces cross-border hurdles
      1174 21 work on its US$7b high-speed rail link has yet to start in Laos; talks with Thailand sour, also partly over funding REUTERS Kunming FOR the south-western city of Kunming, China’s plan to extend a highspeed rail link 3,000km south to Singapore is already
      REUTERS  -  1,174 words
    • Article, Illustration
      Lock icon Dubai tourism drive ropes in Bollywood, Hollywood
      739 21 AFP Dubai DOMES inspired by the royal palaces of India rise from a new Bollywood theme park under construction in Dubai, part of a drive to lure millions more tourists to the emirate. It already boasts opulent shopping malls and numerous luxury resorts,
      AFP; PHOTO: AFP  -  739 words
    • Article
      Lock icon Tradition, fear stand in the way of French reforms
      664 21 AFP Paris A SEEMINGLY endless parade of violent protests, transport strikes and paralysed infrastructure in recent months has once again given the impression of France as a country that cannot be governed. But how much does the cliche reflect reality? “This
      AFP  -  664 words
    • Article
      Lock icon Philippines’ president-elect urges public to kill criminals
      342 21 AFP Manila THE Philippines’ president-elect Rodrigo Duterte urged the public to join his anti-crime crackdown, offering people huge bounties for killing drug dealers. His announcement late on Saturday came as other officials began paying bounties for slain suspected criminals in an apparent attempt
      AFP  -  342 words
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      48 21 “What I value about Fook Kwang’s writings is that he appreciates that things are seldom black and white, and that there is validity in the nonofficial or contrarian narrative.” SYLVIA LIM chairman of Workers’ Party and MP (Aljunied GRC). Now on sale at all major bookstores and www.stpressbooks.com.sg
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      1966 22 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR MALAYSIA STAR 59 50 10/6 12/6 15/6 18/6 COSMIC ACE 010 100 29/6 1/7 3/7 5/7 POSITIVE STAR
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      245 22 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 108 BST211 07/06/2016 08/06/2016 Buatan/Buatan DAILY Marco Polo 294 PRW093 07/06/2016 08/06/2016 Pelindo/Perawang DAILY Marco Polo
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  • DINING OUT
    • Article, Illustration
      Lock icon Hearty tribute to Nonya cuisine
      1074 23  -  The Peranakan restaurant boasts a comprehensive menu but could up its game with more refined dishes. By JAIME dishes.By JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT The Peranakan #02-01, Claymore Connect@ Orchard Hotel Tel: 6262-4428 Open daily 11am to 10pm IF you know of a lost
      PHOTOS: GARY YEO, JAIME EE  -  1,074 words
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      93 23 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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      100 23 i 'r-\ Vi m m *5 i «>= S3 3ES i> Sifc” **®S t* r UNVEILING A NEW, EXCITING THEATRICAL DINING EXPERIENCE Vibrant flavours from around the world come together in a kaleidoscope of tastes that pay homage to well-loved, original recipes. From the East to the West, the brand
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon France’s ‘Disneyland of wine’ sets heads spinning
      706 24 New museum in Bordeaux offers visitors chance to taste 20 emblematic wines from across the globe AFP Paris IT HAS already been dubbed an “adult Disneyland” and “the amusement park of our dreams” by US college students. But the Cite du Vin a
      AFP; PHOTOS: AFP  -  706 words
    • Article, Illustration
      Lock icon Who would pay US$300,000 for a handbag?
      1171 24 NYT Hong Kong IN a packed bidding room last Monday, Christie’s Hong Kong hosted its 30th-anni-versary auction. The tightly curated catalogue featured 30 lots, each chosen for its desirability and origin in categories such as fine art, ancient ceramics, jewellery, watches, and rare
      NYT; PHOTO: REUTERS  -  1,171 words
    • Article
      Lock icon Thai tiger sanctuary closes amid claims of wildlife trafficking
      734 24 NYT Sai Yok, Thailand THE last tiger, sedated and caged, left the Tiger Temple in Thailand on Saturday in the back of a pick-up truck. The abbot who founded the Bud-dhist-themed zoo has vanished. And five people, including three monks, have
      NYT  -  734 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      372 24 CRYPTIC CROSSWORD Across 1 Unchanging factor in more than half of old Istanbul (8) 5 Gum to chew but not to get devoured (6) 9 Settle as conventional person at Oxford? (6,2) 10 Scottish footballers playing cards (6) 12 Chance to participate and see old relations (4-2) 13 Northern game
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