The Business Times, 9 June 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL38882
Total Pages: 26
1 26 The Business Times
Page thumbnail Page 1
  • 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 Thursday, June 9, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    221 1 South-east Asia is the startup ecosystem to watch, says the chief executive of global investment firm Catcha Group. TOP STORIES 4 Land for private housing offered by the government in the second half of the year is slightly more than in the first. TOP STORIES 5 US private
    221 words
  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,862.38 +14.29 KL COMP 1,657.85 -2.77 NIKKEI 225 16,830.92 +155.47 HANG SENG 21,297.88 -30.36 SHENZHEN B 1,088.43 -0.04 DOW (11.45AM EDT) 17,994.16 +55.88
    27 words
  • Article
    Lock icon MAS adjusts securities crowdfunding rules to facilitate retail access
    992 1  -  It closes a loophole that has enabled issuers to dodge publishing prospectuses, but will loosen the rules to open up access to retail investors By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Monetary Authority of Singapore (MAS) will modify proposed rules on
    992 words
  • Article, Illustration
    Lock icon COE premiums spike after government eases car loan curbs
    648 1  -  Car dealers’ group says strong demand means COE premiums will go into an uptrend By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore IN the first tender since the recent easing of car-loan restrictions by the government, the spike in demand for certificates of
    648 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      95 1 8 "887 1 8 1 *****1 SINGAPOREMYANMAR TIES PM Lee to S’poreans in Myanmar: Still some uncertainties, but press on TOP STORIES 2 IOT APPLICATIONS S’pore to house one of HP Enterprise’s 4 global innovation labs technology 17 HOCK LOCK SIEW PPS not a panacea for every CDL high-end residential
      95 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon PM Lee to S’poreans in Myanmar: Still some uncertainties, but press on
      712 2  -  He says Singapore is working at broadening air links with Myanmar to give travellers more options SINGAPORE-MYANMAR TIES By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Yangon, Myanmar WHEN Prime Minister Lee Hsien Loong last visited Yangon back in 2005, a
      PHOTO: LIANHE ZAOBAO  -  712 words
    • Article, Illustration
      Lock icon Singapore brand flying high in Yangon
      662 2  -  COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT YANGON may be a three-hour flight and nearly 2,000 km away from Singapore but it’s difficult not to feel the Lion City’s growing presence in Myanmar’s largest city and its thriving commercial centre. When I landed at the
      662 words
    • Article
      Lock icon S&P warns of sovereign downgrades linked to debt burden
      515 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo A DAY after the World Bank flagged the potential dangers of rising credit exposures in some leading Asian and emerging markets, ratings agency Standard Poor’s (S&P) has warned that a raft of sovereign downgrades in credit
      515 words
    • Article, Illustration
      Lock icon S’pore’s productivity growth ahead of comparable economies
      537 2  -  By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore PRODUCTIVITY growth in Singapore is higher than in other high-income economies, according to ICAEW’s latest Economic Insight: South East Asia report released on Wednesday that assesses recent productivity trends in the region. Using average output per worker
      Source: ICAEW Economic insight: South East Asia Report  -  537 words
    • Article, Illustration
      Lock icon South-east Asia’s startup ecosystem is the one to watch, says Catcha boss
      792 4  -  Region’s Internet companies have the potential to be bigger than those in the US, he says at KL conference STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Kuala Lumpur SOUTH-east Asia is the startup ecosystem to watch, says the chief
      792 words
    • Article
      Lock icon Homegrown fintech is first Asian startup to win funding from Wells Fargo
      437 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Kuala Lumpur HOMEGROWN fintech startup Jewel Paymentech has won up to US$500,000 in funding from Wells Fargo, making it the first Asian startup to be backed by the American financial services company through
      437 words
    • Article, Illustration
      Lock icon Land for private housing in H2 GLS list up a tad from H1
      982 5  -  Confirmed list supply rises 39%; Lawrence Wong says increase is to match actual committed supply in H1 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore LAND for private housing including executive condominiums (ECs) that will be offered by the
      982 words
    • Article, Illustration
      Lock icon Local cruise industry to get boost from smart cruise ship next year
      545 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CRUISE ship operator Royal Caribbean will homeport a S$1.37 billion cruise ship in Singapore for a season next year, which is expected to give the local cruise industry a lift through an
      545 words
    • Article
      Lock icon Premier Taxi to accept Apple Pay, Visa
      440 5  -  New point-of-sale system facilitates these modes of payment; company is second taxi operator to accept them By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore COMMUTERS can now pay with their iPhones for their rides on the 2,000 Premier Taxi cabs plying the roads, and can
      440 words
    • Article, Illustration
      Lock icon Le Méridien back in Singapore with rebranded hotel in Sentosa
      518 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE former Mövenpick Heritage Hotel in Sentosa is being rebranded as the 191-room Le Méridien Singapore following a renovation and conversion, marking the return of the brand to Singapore after nearly a decade. Le
      518 words
    • Article
      Lock icon It’s Clinton vs Trump in ‘race to the bottom’
      559 5 AFP Washington THE protagonists are set: Hillary Clinton versus Donald Trump. The battleground? Fifty states. Voters will now be treated to a historic, bruising spectacle as two of America’s most polarising figures wage war for the White House. On the Democratic
      AFP  -  559 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      129 4 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
Page thumbnail Page 5
  • Page 5 Advertisements
Page thumbnail Page 6
  • COMPANIES & MARKETS
    • Article
      Lock icon KKR takes 10.44% stake in Japfa’s Indonesian unit for US$80m
      540 6  -  Transaction is US private equity firm’s first direct investment in Indonesia By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore US private equity firm KKR is ploughing some US$80 million to take a 10.44 per cent stake in Japfa Ltd’s Indonesian subsidiary, its
      540 words
    • Article
      Lock icon Moody’s pulls rating on US$1.75b 1MDB notes
      526 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S troubled 1MDB has downplayed international ratings agency Moody’s withdrawal of the Aa2 rating on its US$1.75 billion unsecured notes as “undertaken without a downgrade”, noting that Standard and Poor’s AA rating on the papers remains unchanged.
      526 words
    • Article
      Lock icon Tuan Sing in JV for Batam integrated development
      308 6  -  By leemx@sph.com.sg Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore LUXURY property developer Tuan Sing on Wednesday announced a 90:10 joint venture with private Singapore developer Habitat Properties to develop a site in Marina City, Batam, into an integrated mixed development township. This will comprise
      308 words
    • Article
      Lock icon PPS not a panacea for every CDL high-end residential project
      1248 6  -  HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT BTrecently reported that Singapore-list-ed City Developments Ltd (CDL) may be at the preliminary stages of exploring the possibility of carrying out a third profit participation securities (PPS) exercise this time for a
      1,248 words
    • Article
      Lock icon Otto Marine’s chairman seeks firm’s delisting
      867 7 Plan for cash exit offer of S$0.32 a share, a 39.13% premium to the last transacted price of S$0.23 on June 1, prior to the stock’s trading halt By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OTTO Marine's executive chairman and controlling shareholder Yaw Chee
      867 words
    • Article, Illustration
      Lock icon Oil & gas stocks surge as oil tops US$50
      616 7  - Oil gas stocks surge as oil tops US$50 HOT STOCK By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE’S oil-and-gas (O&G) counters were lifted by the recent recovery of oil prices to above US$50 per barrel, but analysts remain bearish that the oil bounce will filter through to earnings. The FTSE ST
      Source: Bloomberg  -  616 words
    • CORPORATE DIGEST
      • Article
        Lock icon Sembcorp Marine
        151 7 SEMBCORP Marine said the standstill agreement between its unit Jurong Shipyard Pte Ltd (JSPL) and North Atlantic Drilling Ltd (NADL) for the delivery of the semi-submersible drilling rig, the west Rigel, has been extended to sept 2, 2016. During the standstill period, NADL will continue to market the
        151 words
      • Article
        Lock icon Mary Chia Holdings
        157 7 SLIMMING centre operator Mary Chia said a further charge was brought against its subsidiary Spa Menu Pte Ltd for failure to obtain a valid work pass for a foreign employee. “New charges were also brought against the company’s chief executive officer, Ho Yow Ping for breach of
        157 words
      • Article
        Lock icon Starhill Global Reit
        77 7 STARHILL Global Reit has raised the base rents for its Toshin master lease, which is 5.5 per cent higher than the existing rate, and is effective for three years starting June 8, 2016. The rate is based on the average of three market rental valuations by independent
        77 words
      • Article
        Lock icon Logos Property Group
        67 7 LOGOS Property Group has set up a Singapore office and started an investment venture, with an initial commitment of S$150 million from real estate firm Ivanhoe Cambridge. Logos seeks to own and build modern industrial and logistics properties in key South-east Asian markets. It plans to raise
        67 words
    • Article
      Lock icon Analysts hail Q&M’s China acquisition but flag execution risks
      584 7  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore Q&M Dental Group’s latest acquisition in China may open doors to more deals in the vast market, but this comes amid heightened M&A execution risks, analysts said in two separate reports this week. The group
      584 words
    • Article
      Lock icon Trek 2000 appoints RSM as forensic accountants
      388 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THUMB-DRIVE maker Trek 2000 International has appointed RSM Corporate Advisory as forensic accountants to help in an independent review of certain interested party transactions (IPTs). TSMP Law Corporation, which is doing the independent review, has highlighted to
      388 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index June 8,2016 2,862.38 +14.29 (+0.50%) Current streak 5 days Day high 2,867.10 Day low 2,846.50 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 8,2016 447.11 +5.91 (+1.34%) Current streak 4 days Day high 447.11 Day low
      63 words
    • Article, Illustration
      Lock icon STI up for 5th day despite late pullback
      623 8  -  Offshore and marine stocks in play amid firming oil price; broad market sees 251 gainers versus 159 losers STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A FIRMING oil price helped bring offshore and marine stocks into play on Wednesday as the Straits Times
      Source: Bloomberg  -  623 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 -1 235/233 253 209 6.6 6166.6 CapitaCom Trust 141.5 unch 142/140.5 158.5 122.5 6.1 4183.2 CapitaLand 309 +1 311/307 358 267 12.4 2.9 *****.4 CapitaMall Trust 205 +1 206/203 224 184.5
      305 words
    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME Ezra 374,052,000 AusGroup 77,982,100 Annica 73,550,100 Noble 57,586,900 Vallianz 53,140,000 Market volume 2,003,578,000 VALUE DBS Grp 89,348,049 Keppel Corp 71,127,020 UOB 69,634,092 Singtel 58,281,368 Sembcorp Ind 41,976,120 Market value 1,064,976,000
      33 words
    • Article
      Lock icon SGX ETFs
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 291 +1 189 291/289 343/254 290/291 ABF SG Bond ETF 117 +0.4 71 117/116.5 119/112 116.5/117 534.1 Nikko AM STI ETF 297 +2 53 297/296 347/259 296/297 7.2 DBXT MSRussia US$ US200 +5 46
      109 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 8 VALUE CLOSE BT OB/OS 236.00 +30.00 BT CADI -*****.00 +78.00 BT 10-day MA -*****.00 +23.00 FTSE ST Mid Cap 680.74 +2.75 FTSE ST Small Cap 397.39 +3.67 FTSE ST All Share 696.48 +2.42 FTSE ST China Top 163.23 -0.53 FTSE ST China 191.26 -0.24 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share Index June 8,2016 696.48 +2.42 (+0.35%) Current streak 5 days Day high 696.74 Day low 693.40 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index June 7,2016 1,693.07 +16.09 (+0.96%) Current streak 3 days Day high 1,696.42 Day low 1,676.33 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 3 0 1 0 9 5 3 Manufacturing 44 33 25 6 10 11 50 43 36 Commerce 24 23 10 5 3 6 29 26 16 Tpt/Stor/Comms 17 8 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,122 159 30,281 119,902 29 119,931 Manufacturing 144,807 146,834 291,641 102,213 2,544 104,757 Commerce 100,607 104,884 205,491 87,211 3,801 91,012 Tpt/Stor/Comms 478,417 50 478,467 187,489 4 187,493 Finance 26,492 7 26,499 207,678 1 207,679 Construction
      123 words
    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 133.9 0.8 *****/***** DBXT Vietnam US$ 2443 63.6 2.0 2786/2017 DBXT China50 US$ 2860 44.7 1.2 4003/2355 DBXT MSKorea US$ 5397 36.5 0.5 5677/4478 Lyxor MS India US$ 1527 35.2 1.7 1840/1331 BY PERCENTAGE CLOSE UP 52w high/low Asian Micro
      74 words
    • Article
      Lock icon LOSERS
      71 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5548 -121.8 -1.6 6103/4500 JSH USD 2930 -52.8 -1.3 3300/2524 Jardine C&C 3445 -30.0 -0.9 4520/2636 Isetan 360 -25.0 -6.5 472/320 Great Eastern 2132 -18.0 -0.8 2496/1870 BY PERCENTAGE CLOSE DOWN 52w high/low CPH 0.4 -50.0 -0.4 1.2/0.3 Huan Hsin 0.7
      71 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Asian Micro 100.2 0.020 +0.012 +150.00 Delong 205.7 0.440 +0.130 +41.94 Viking Offshore 6,781.8 0.052 +0.012 +30.00 AusGroup 77,982.1 0.075 +0.023 +44.23 Mary Chia 39.0 0.053 -0.010 -15.87 Zhongxin Fruit 263.5 0.015 -0.001 -6.25 TTJ 1,706.1 0.320 +0.030 +10.35 ISEC 1,848.9 0.345 +0.045 +15.00 China
      81 words
    • BROKERS’ TAKE
      • Article
        Lock icon Land Transport Sector | Neutral
        171 8 Land Transport Sector Neutral OCBC Investment Research, June 8 Land Transport Authority (LTA) yesterday put up the third bus package in Seletar for tender, which consists of around 420 buses and is expected to grow to around 500 buses in 2023. We note that the commencement date is delayed from
        171 words
      • Article
        Lock icon Singapore stocks
        236 8  -  Compiled by Cai Haoxiang Citi Research, June 6 We hosted 30 Singapore corporates during our Citi Asean C-Suite. Here are our takeaways. The greatest interest was on transportation and real estate investment trusts (Reits). Dividends continue as a draw. Our count of client meetings was highest for firms
        236 words
    • Article
      Lock icon CALENDAR
      8 8 DATA IJune 9 US Initial Jobless Claims
      8 words
    • Article
      Lock icon US$ index hits 5-week low over rate hike chances
      437 9 CURRENCIES REUTERS London THE US dollar underperformed on Wednesday, hitting a five-week trough against a basket of currencies, hurt by waning expectations that the Federal Reserve will raise interest rates anytime soon. The dollar index, which tracks the greenback against a
      REUTERS  -  437 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
        2 words
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.948 4.894 0.655 5.783 49.693 98.853 0.797 8.619 3.028 1.066 77.878 34.274 1.008 11.128 0.718 23.947 26.230 0.513 0.745 Canada 1.055 5.163
        471 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        2 9
        2 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jun 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0074 1.0082 0.7446 0.7451 Canadian dollar 1.0630 1.0635 0.7860 0.7857 Euro 1.5381 1.5387 1.1369 1.1372 NZ dollar 0.9449 0.9455 0.6984 0.6988 Sterling pound 1.9654 1.9661 1.4527 1.4530
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Jun8 S$ Bid Offer 1-month 1.3532 1.3537 2-months 1.3539 1.3543 3-months 1.3546 1.3550 6-months 1.3562 1.3568 Source: OCBC
        21 words
      • Article, Illustration
        Lock icon NIKKEI
        1 9
        1 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        209 9 Jun 8 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 9.4 1.9 8299 0.2 600 5 Ezion Holdings W*****4 17.1 1.5 4718 1 50 15 3.42 46 Rowsley Ltd W*****3 0.4 0.1 4624 1
        209 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jun 7 Index Change Change Change Change Change Change World Preliminary 1278.0 0.5 0.0 0.3 -2.7 0.6 2.0 EAFE Preliminary 955.5 0.7 -5.7 0.7 -5.9 1.0 -1.4 Europe Preliminary 1362.0 0.8 -3.6
        377 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        393 9 Jun 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9390.00 9422.50 9285.00 9342.50 *****5 *****4 Jul16 9282.50 9290.00 9162.50 9217.50 1099 2744 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 *****3 *****8 Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****7 MSCI TAIWAN
        393 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 8 $S Offer Bid 0vernight 0.05 0.02 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ Offer Bid 7 days 0.50 0.40 1 month 0.50 0.40 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
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Jun 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.24 5-Year NX*****X 2.250 01-Jun-21 103.48 103.65 103.40 10-Year NX*****F 2.125 01-Jun-26 100.7 100.70 100.55 15-Year NZ*****F 2.875 01-Sep-30 106.82 106.90 106.70 20-Year NZ*****V 3.375 01-Sep-33 113.98 113.90 113.90
        67 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-7 Price Net change change Last Trade Agricultural Jun-7 CBOT Soybeans (US cents/bu) 1141.25 3.00 0.26% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.29 -0.22 -0.68% 14/07/2016 CBOT Wheat (US cents/bu) 509.00 1.50 0.30% 14/07/2016 Jun-7 LIFFE Cocoa (£/tonne) 2257.00 -1.00 -0.04% 14/07/2016 LIFFE Coffee (US$/tonne) 1689.00 24.00 1.44%
        250 words
    • Article
      Lock icon SGX MAINBOARD
      1831 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 138 unch 76 138 137 0.9 8.2 878.3 Div 170.7 101 ARA Asset Mgmt 142 +3 539 142
      1,831 words
    • Article
      Lock icon SGX CATALIST
      331 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (’000) High Day LOW Div C'vr 19.9 8.3 t Anchor Resources 10.5 +0.1 4876 10.7 10.2 29.4 Net P/E MCap 25.5 8.8 t 3Cnergy 9.5 32 16.7
      331 words
    • Article
      Lock icon SGX ETF
      126 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4003 2355 DBXT China50 US$ US2860 +33 4 2863 2850 7.9 362 190 DBXT MSBrazil US$ US303 +6 10 303 302 1622 995 DBXT MSCHINA US$ US1189
      126 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      229 6 Hosted by: The Asian Consumer of Tomorrow Know your target: Their lifestyles, trends, behaviours, attitudes and expectations. Discover Join us as we discover the future worlds of Asian consumers and understand the dramatic shifts in the perceived challenges, concerns, hopes and expectations of Asian consumers over the next few years
      229 words
Page thumbnail Page 7
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      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
Page thumbnail Page 11
  • REAL ESTATE
    • Article, Illustration
      Lock icon Japanese warming to home auctions amid pain of negative rates
      750 11 Public auctions of houses were rare in Japan until now because of fear that a Yakuza organisation was squatting in the property or that a crime had happened there Tokyo A TABOO in Japan against bidding for homes in auctions
      PHOTO: BLOOMBERG  -  750 words
    • Article, Illustration
      Lock icon Commercial/residential site next to Woodleigh MRT sparks market interest
      997 12  -  It is one of four new sites in line-up for the second half 2016 Government Land Sales Programme By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PROPERTY market observers were all agog on Wednesday about a choice commercial and residential site along Upper
      BT Graphics Source: URA  -  997 words
    • Article
      Lock icon EU exit could temper UK house price rises: poll
      392 12 REUTERS London BRITISH house prices will rise faster than inflation again this year, but those increases could be tempered if the public votes to leave the European Union (EU) this month, a Reuters poll found. Britons decide on June 23 whether
      REUTERS  -  392 words
    • Article, Illustration
      Lock icon Tours of Ceausescu’s villa eschew mention of his dictatorship
      1033 13  -  House opens to public as museum, 26 years after fall of Romania’s communist regime By Palko Karasz Bucharest IN the 24 years that Nicolae Ceausescu ruled Romania, the mansion where he lived with his wife Elena was shrouded in secrecy. No
      PHOTO: AFP  -  1,033 words
    • Article
      Lock icon Househunt
      1407 13 Property transactions for districts 1 to 28 with contract dates between Apr 27 and May 3,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED One Shenton Apt 03/05/2016 99 538 1080 2007 District 2 NON-LANDED Altez Apt 29/04/2016
      1,407 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      497 12 •EEEEElECSEi ilME AUCKLAND CBD SITE I MILLS LANE ms hum p iSj-jt:! t! |;;.L| im I Esta ts DEVELOPMENT OPPORTUNITY UNLOCKED FOR THE FIRST TIME IN OVER 150 YEARS r ImZ I'rrirfl ONE OF THE LAST LARGE-SCALE, FREEHOLD CENTRAL AUCKLAND CBD SITES AVAILABLE FOR DEVELOPMENT HAS COME ONTO THE MARKET
      497 words
Page thumbnail Page 13
Page thumbnail Page 14
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon US warns banks on cyber threat after Bangladesh Bank heist
      554 14 REUTERS New York US regulators on Tuesday told banks to review cyber-security protections against fraudulent money transfers in the wake of revelations that a hacking group used such messages to steal US$81 million from the Bangladesh central bank. The notice
      REUTERS; PHOTO: REUTERS  -  554 words
    • Article
      Lock icon Banks to Basel: Back off on credit-risk capital restriction
      1005 14 Lobby group warns that regulators risk slowing global economy with curbs on lenders’ ability to assess risks BLOOMBERG London BANKS are stepping up opposition to looming capital standards, with one of the financial industry’s largest lobbying groups warning that regulators risk
      BLOOMBERG  -  1,005 words
    • Article, Illustration
      Lock icon Brazil watchdog’s ruling on HSBC unit sale seen as key to dividend payout
      655 14 REUTERS London BRAZIL’S antitrust watchdog Cade is due to reveal on Wednesday whether HSBC Holdings Plc can sell its Brazilian unit to Banco Bradesco SA, a decision with big implications for the British bank’s chief executive officer
      REUTERS; PHOTO: BLOOMBERG  -  655 words
    • Article
      Lock icon India private banks’ new loans outpace those of state rivals
      435 14 BLOOMBERG New Delhi INDIA’S privately owned banks are extending new loans faster than their state-run rivals for the first time ever, as government lenders struggle to bring surging bad loans under control. New credit from private lenders amounted to 3.5
      BLOOMBERG  -  435 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      684 14 NOTICES LOST SHARE CERTIFICATE The following share certificate has been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Neptune Orient Lines Limited *****46 Ng Gock Eng 1,000 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof no
      684 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      64 15 SGCARMART HAPPYSELLERS WAH!CARSOLDFOR GOODPRICEWHILESITTINGATHOME,SHIOK! -JEFFERYLOW You may also come to our office to post your advertisement. 61 Ubi Avenue 2 #07-06 Automobile Megamart Singapore *****8 Hotline: 6744 1514 Operating Hours: 10:30am 6.30pm Daily ADVERTISE YOUR CAR FOR SALE NOW Visit sgcarmart.com/owner Once you find a buyer, sgCarMart Connect will provide
      64 words
Page thumbnail Page 16
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Millions of jobs at risk in Xi’s rustbelt revamp
      1635 16 Beijing has pledged to set aside up to 100 billion yuan to help resettle about 1.3 million coal workers and about half a million employees in the steel industry BLOOMBERG Beijing THE black rock of Shanxi province fuelled China’s industrial revolution,
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,635 words
    • Article
      Lock icon China’s steel exports up 3.7% in May, ignoring trade tensions
      387 16 REUTERS Shanghai CHINESE steel exports rose 3.7 per cent to 9.42 million tonnes in May from the previous month, customs data showed on Wednesday, as steel mills continued to ship output abroad in sales that have raised global trade tensions.
      REUTERS  -  387 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      293 16 Dr Tee will be teaching the powerful methods step by step, how to select strong global giant stocks, waiting to buy at low price and finally selling at high. With actual examples for stocks, properties, forex etc, the Optimism Strategies are applicable for all investment markets. Learn how to buy
      293 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      27 16 **±|»g b Banning Internet Access, A Necessary Evil? Gbmiy? db Thanks for stopping by! I 0 •fr I =3 IV.-E 4 w v zaobao.sg Chinese Language Content
      27 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      6 16 SHAPEJUNE ISSUE OUT NOW! Checkoutthegreatdealsandsteals inourspecialGSSBuyingGuide!
      6 words
Page thumbnail Page 17
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Singapore to house one of HP Enterprise’s four global innovation labs
      700 17  -  The lab will help companies adapt IoT applications to their respective businesses By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Las Vegas SINGAPORE will be home to one of four global innovation labs run by Hewlett Packard Enterprise (HPE), which wants to
      PHOTO: SHIN MIN  -  700 words
    • Article, Illustration
      Lock icon Talent shortage stymies Indonesia’s tech scene
      723 17 REUTERS Jakarta INDONESIAN online retailer Bilna spent two years looking for a chief technology officer before it finally discovered Ridy Lie, who had returned home after eight years with Amazon in the United States. Until Mr Lie, the company had struggled to find someone
      REUTERS; PHOTOS: REUTERS  -  723 words
    • Article
      Lock icon No-glamour startup SMS Assist becomes a unicorn
      478 17 NYT New York CHICAGO’S latest unicorn is all about grit. Unicorns private, venture capi-tal-backed companies valued at US$1 billion or more are often defined by flashy new technology or millions of users, and are often based in Silicon Valley. But the ones based
      NYT  -  478 words
    • Article
      Lock icon Smaller computing chips may depend on technology from grandma’s radio
      817 17 NYT Pasadena, California THE future of computing may be in its past. The silicon transistor, the tiny switch that is the building block of modern microelectronics, replaced the vacuum tube in many consumer products in the 1970s. Now, as shrinking
      NYT  -  817 words
Page thumbnail Page 18
  • CONSUMER
    • Article, Illustration
      Lock icon L’Oreal shuts Hong Kong shops amid protests over China ‘kowtow’
      604 18 It had cancelled a concert by a pro-democracy singer after Chinese consumers called for a product boycott BLOOMBERG Hong Kong L’OREAL SA closed shops throughout Hong Kong as hundreds of demonstrators protested the French cosmetic maker’s decision to cancel a
      BLOOMBERG; PHOTO: AFP  -  604 words
    • Article, Illustration
      Lock icon Target wants suppliers to bear more of promotions costs
      750 18 money REUTERS Chicago US retailer Target Corp is asking many suppliers to take on up to an extra 3-5 per cent of the cost of promotions and price cuts after slow sales so far this year. Retailers often use price discounts
      money REUTERS; PHOTO: REIUTERS  -  750 words
    • Article
      Lock icon Valeant CEO cuts outlook for ‘distracted’ company, shares dive
      628 18 REUTERS Bengaluru VALEANT Pharmaceuticals International Inc slashed its 2016 forecasts on Tuesday, as its new chief executive said he would focus on rebuilding the reputation of a “distracted organisation” with a debt-loaded balance sheet. The maker of toenail fungus cream Jublia
      REUTERS  -  628 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      84 18 “Many of the issues you write about come down to our social culture...I agree with you that it’s this culture, the everyday interactions and quality of relationships, starting from when kids are growing up, that’s at the heart of the future we want...” THARMAN SHANMUGARATNAM Deputy Prime Minister in a
      84 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      41 18 TOP CLASS FROM MIDDLE CLASS Many Indian leaders of top firms have been shaped by their middle class upbringing Jharkhand girl who cycled24km to school daily graduates with distinction GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      41 words
Page thumbnail Page 19
  • TRANSPORT
    • Article
      Lock icon Medical helicopters tipped for future China boom
      865 19 But country’s creaking and ageing hospital infrastructure may be the stumbling block to the development of air ambulance services REUTERS Beijing AS China opens up its low-level airspace to civilian aircraft, the global aviation industry is laying the groundwork for a boom beyond
      REUTERS  -  865 words
    • Article, Illustration
      Lock icon GM’s CEO Barra says ‘undervalued’ carmaker can sustain profit
      871 19 BLOOMBERG New York GENERAL Motors Co chief executive officer Mary Barra considers the largest US carmaker undervalued. It’s easy to see why. After record profit last year and higher earnings in the first quarter, GM shares were down about 12 per
      BLOOMBERG; PHOTO: REUTERS  -  871 words
    • Article
      Lock icon VW, workers to discuss plan to fix German plants
      311 19 REUTERS Berlin VOLKSWAGEN said its executives and labour bosses will begin talks next week on the future of the carmaker’s German plants as they seek to recover from a costly diesel emissions scandal. Industrial relations at Volkswagen’s core VW brand hit
      REUTERS  -  311 words
    • Article
      Lock icon World’s top three shipyards to raise 8.4t won in revamp
      550 19 BLOOMBERG Singapore THE world’s three biggest shipyards plan to raise a combined 8.41 trillion won (S$9.8 billion) selling assets as part of a restructuring following losses last year. South Korea’s government said in a statement on Wednesday that Hyundai Heavy
      BLOOMBERG  -  550 words
  • Page 19 Advertisements
Page thumbnail Page 20
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China exports dip further but import slide eases
      759 20  -  Signs of recovering domestic consumption; PBOC predicts economy will grow 6.8% this year By Virginie Mangin btworld@sph.com.sg Beijing CHINA trade continued to contract in May amid weak global demand but imports fell at their slowest pace in 18 months a sign that
      PHOTO: REUTERS  -  759 words
    • Article
      Lock icon OECD indicator flags US, China turnaround
      227 20 REUTERS Paris SIGNS are emerging that a downturn in the United States and China, the world’s two biggest economies, may have bottomed out, the OECD’s monthly leading indicator showed on Wednesday. The Paris-based Organisation for Economic Cooperation and Development said its leading indicator (CLI)
      REUTERS  -  227 words
    • Article
      Lock icon Iran to seek investors for US$3b refinery
      393 20 BLOOMBERG Dubai IRAN will seek international investors for a US$3 billion refinery project in the country’s south as the Persian Gulf nation looks to boost sales of its oil and natural gas products in Asia. The refining complex on Iran’s Persian Gulf coast
      BLOOMBERG  -  393 words
    • Article
      Lock icon Japan’s GDP grows more than initial reading in 1st quarter
      547 20 Figure aided by slight revision in private consumption and business investment that dipped less than first thought BLOOMBERG Tokyo JAPAN’S economy grew slightly more than the government initially reported for the first quarter, helped by a fractional revision in private
      BLOOMBERG  -  547 words
    • Article, Illustration
      Lock icon Germany urges ‘level playing field’ in foreign investment
      549 20 REUTERS Berlin GERMANY’S economy minister called on Wednesday for an international “level playing field” in foreign investment amid concerns over rising Chinese interest in German firms and said Berlin wanted the European Union to tackle the issue. Sigmar Gabriel drew a distinction
      REUTERS; PHOTO: AFP  -  549 words
    • Article
      Lock icon ECB snaps up corporate bonds to boost eurozone
      747 21 Central bank takes unprecedented step in bid to get major companies to increase investments and create jobs AFP Berlin THE European Central Bank on Wednesday took the unprecedented step of buying corporate bonds, its latest weapon in a desperate battle to kick-start
      AFP  -  747 words
    • Article, Illustration
      Lock icon Euro’s global role slips in multipolar system
      327 21 BLOOMBERG Frankfurt THE global use of the euro declined slightly in 2015 and early 2016 as China’s yuan started to take a larger role in reserves and trade in an international monetary system that is becoming more multipolar. “The euro remained the sec-ond-most
      BLOOMBERG; PHOTO: BLOOMBERG  -  327 words
    • Article, Illustration
      Lock icon Indonesia to lower 2016 growth target to 5.1%
      323 21 BLOOMBERG Jakarta THE Indonesian parliament is set to revise down this year’s economic growth target amid slowing domestic consumption and signs that a shortfall in tax revenue will sap public spending. Ahmadi Noor Supit, head of the house’s finance commission, set the
      BLOOMBERG; PHOTO: AFP  -  323 words
    • Article
      Lock icon US businesses pessimistic about operating in China
      701 21 REUTERS Beijing AS the United States and China wrapped up talks this week touting bilateral cooperation on strategic and economic issues, many in the US business community say the annual dialogue is delivering diminishing returns in resolving commercial disputes. Foreign business in China
      REUTERS  -  701 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      81 20 www.mbfc.sphereconferences.com Myanmar O Banking Finance Conference 28-29 June 2016 Sule Shangri-la Hotel, Yangon, Myanmar wh rd Program Highlights Regulatory and industry Landscape: 2016 and beyond Foreign banks increased privatisation in Myanmar S Product development in Myanmar: 5ME banking trade financing Utilising technologies in transforming Myanmar’s banking sector BaseL II in
      81 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      58 21 Dear Dad 9 A Father’s Day gift to make you smile mm Basse photobank.com.sg/promo.html irwA 'IRAITSTi IMIS rtcrr^ y:\vSl THE STRAITS TIMES WISH Beer/ ms QBE, if LIFTING (i OERCiSE [J in' ll i|Is 'i\ik All images used are for illustrative purposes only. Individual features may vary. gr^l I SINGAPORE
      58 words
Page thumbnail Page 22
  • OPINION
    • Article
      Lock icon Zika virus turning Games into an Olympic battle for beleaguered Brazil
      556 22 EDITORIAL IT’S less than two months before the 2016 Summer Olympics is scheduled to open in Rio de Janeiro, and the host country remains embroiled in turmoil like no other (outside those mired in war-torn strife), with the Games
      556 words
    • Article, Illustration
      Lock icon Globalisation in retreat
      848 22  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington JEFFREY Immelt, the CEO of General Electric (2015 revenues: US$117 billion), gave an interesting speech the other day that illuminates some pressing questions about the future of globalisation. This involves politics as much as
      THE WASHINGTON POST WRITERS GROUP  -  848 words
    • Article, Illustration
      Lock icon Hillary makes history with Democrats’ vote
      1501 22  -  Stage set for a brutal campaign with presumptive Republican candidate Donald Trump By Leon Hadar Washington TWENTY-FOUR hours before the results of the Democratic presidential primary in California were announced on late Tuesday night, the Associated Press (AP) made it official: after securing enough
      PHOTO: AFP  -  1,501 words
    • Article
      Lock icon Planning and partnerships are key to investing in India
      847 23  -  COMMENTARY By Dinesh Kanabar TThe writer is chief executive officer of Dhruva Advisors, an Indian tier 1 tax and regulatory consultancy with offices in India and Singapore. He was previously deputy CEO of KPMG India and chairman of KPMG India’s tax
      847 words
    • Article
      Lock icon Understanding the business case for diversity
      513 23  -  COMMENTARY By Thomas Holenia T The writer is president of Henkel Singapore. IN the face of talent shortage, an ageing workforce and digital transformation disrupting everyday work, strategic human resource management has become more important than ever. Studies show that Singapore, like other industrialised
      513 words
    • Article, Illustration
      Lock icon The next chapter of China-S’pore financial connectivity will be exciting
      1992 23  -  After China’s transformation, its economy will grow more sustainably to the benefit of the region too. BY RAVI MENON TThe author is managing director of the Monetary Authority of Singapore.This is an excerpt of his speech delivered at the second
      PHOTO: AFP  -  1,992 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      947 24 the Business times Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
      947 words
Page thumbnail Page 25
  • LIFE & CULTURE
    • Article
      Lock icon Techno duo ageing gracefully in a youth-oriented genre
      1143 25  -  American Juan Atkins and German Moritz von Oswald, both 53, are regarded as its spiritual godfathers. BY PIOTR ORLOV NYT AT the Movement Festival in Detroit, electronic and dance music fans were reminded once again how techno music has its seeds in
      NYT  -  1,143 words
    • Article, Illustration
      Lock icon Smaller French winemakers turn to crowdfunding
      568 25 BLOOMBERG Paris FRENCH winemakers are looking for new investors, and for 1,000 euros (S$1,534) they’ll let anyone in. Bordeaux-based entrepreneur Maxime Debure says producers in his famous wine-mak-ing region, and others like it, need money and they are opening up to raising it online
      BLOOMBERG; PHOTO: REUTERS  -  568 words
    • Article, Illustration
      Lock icon Fancier, Stone for Gold look for Claude Bernard
      385 25  -  By Arthur Lee arthurl@sph.com.sg Singapore CRYSTAL Time perhaps best known for representing Luminox watches in Singapore has partnered local leather artisan Xie Hui’s Stone for Gold Pte Ltd to promote premi-um-quality, custom-made leather straps for its Claude Bernard range of watches. A
      PHOTOS: ARTHUR LEE  -  385 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      342 25 CRYPTIC CROSSWORD Across 1 Changed temperature and managed to get abused (10) 6 First signs of spelling problems and editor’s whipped (4) 9 Put a seal on tight (5) 10 People from a certain place exchange rupees on touring area (9) 12 Waste of time with outfit at the front
      342 words
Page thumbnail Page 26