The Business Times, 11 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: 40
1 32 The Business Times
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      61 1 BT LivingTHE BUSINESS TIMES WEEKEND JUNE 11 12 2016 TAPPING SHARED SPACE SYNERGIES More posh, but newer co-working spaces haven’t lost their way L2-4 TRAVEL Kyoto insider L5 DINING Timely makeovers L6-7 HEALTH Heart disease: young at risk too L13 BEAUTY Riding the K-beauty wave L8-9 MOTORING Mercedes-AMG C63 S
      61 words
Page thumbnail Page 2 / 3
  • BT Living
    • Article, Illustration
      Lock icon Tapping shared space synergies
      2295 2 / 3  -  Newer co-working spaces have gone posh and even expanded overseas, but they haven’t deviated from their main objective cultivating the right culture and collaboration opportunities among tenants. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT The Great Room 1 George Street, #10-01 thegreatroomoffices.com DREAD having to drag yourself
      PHOTOS: ARTHUR LEE, THE GREAT ROOM; PHOTOS: SEAN LEE; PHOTOS: BIG WORK  -  2,295 words
    • TRAVEL
      • Article, Illustration
        Lock icon Kyoto insider
        660 5  -  Upscale boutique hotel Noku Kyoto wants its guests to experience the city’s rich culture and history, starting with the artisans in the neighbourhood. By Dylan Tan By Dylan Tan @DylanTanSYBT dylantan@sph.com.sg YOU’D be forgiven for missing Noku Kyoto. Owned by homegrown property and hospitality group Roxy-Pacific Holdings Limited,
        660 words
    • DINING
      • Article, Illustration
        Lock icon Timely makeovers
        1672 6 / 7  -  New name, new place, new restaurant? Not quite. BTWeekend susses out four existing eateries forging new personalities for themselves. By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Back to basics Fat Lulu’s 297 River Valley Road Z9236 5002 www.fatlulus.sg Opens June 14 WHY mess with a formula when you’ve got a
        1,672 words
    • BEAUTY
      • Article, Illustration
        Lock icon Riding the K-beauty wave
        1269 8 / 9  -  With star power, sexy ingredients and Asian-centric formulations, Korean skincare is here to stay, especially with launches of new brands that fit every budget and beauty goal. By May Yip IF THE popularity of Descendants of the Sun and the announcement that South Korean e-beauty startup
        1,269 words
      • Article, Illustration
        Lock icon Up your Gangnam style with these Korean beauty products
        299 8 / 9 History of Whoo Bichup Ja Saeng Essence 45ml, S$205, from Tangs at Tang Plaza Based on the concept of balancing one’s yin and yang energies, the Bichup line is similar to the concept of traditional Chinese medication. The hero of this
        299 words
    • GADGETS
      • Article, Illustration
        Lock icon DAD’S DAY TO SHINE
        1264 10 / 11  -  Indulge the man of the house with any of these 10 items this Father’s Day. By Sherwin Loh By Sherwin Loh @SherwinLohBT sherwinl@sph.com.sg DJI Phantom 4 (right) S$1,953.28 www.singahobby.com You’ll need a wide-open space to go with this gift, but if you want to get your
        1,264 words
    • STYLE
      • Article, Illustration
        Lock icon Cut from a different cloth
        933 12 The first female tailor to open her own bespoke shop on Savile Row, Kathryn Sargent is in the vanguard of a generation of women redressing the street’s gender imbalance while rejuvenating British custom suit-making Bloomberg Paris WORSTED wool or cashmere. Pinstriped or solid. Pleated or
        Bloomberg; PHOTOS: AFP, REUTERS  -  933 words
    • HEALTH
      • Article, Illustration
        Lock icon Never too young to have heart disease
        1539 13  -  Unlike older patients, younger adults with blocked arteries are less likely to have warning symptoms Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World
        FILE PHOTO  -  1,539 words
    • MOTORING
      • Article, Illustration
        Lock icon Maximum cool
        648 14  -  The new Mini Convertible raises its size and refinement standards. By Samuel Ee samuelee@sph.com.sg IN keeping with its new brand direction, Mini is still stylish but it is not so mini anymore. This is particularly evident from its newest convertible, which is bigger and more refined. The second-gen-eration
        648 words
      • Article, Illustration
        Lock icon All-weather protection
        231 14  -  By Samuel Ee EVER driven with the top down only to head unavoidably into a sudden shower and get not only yourself but your phone wet? You can dry yourself off later but your phone may not be waterproof. If that is the case, HL Assurance has an
        231 words
      • Article, Illustration
        Lock icon AIR POWER
        625 15 The high-performance Mercedes-AMG C63 is now available as an open-air model too. By Samuel Ee samuelee@sph.com.sg NEVER before could the aural pleasure from the Mer-cedes-AMG C63 be enjoyed unadulterated. Until now. The C63 is the flagship of the Mer-cedes-Benz C-Class and this is the first time the high-performance
        625 words
    • SPORTS
      • Article, Illustration
        Lock icon A draw might suit England and Russia
        971 16 no holds barred Reuters Marseille, France ENGLAND and Russia are the big beasts in their group at Euro 2016 and although each would love a winning start when they meet on Saturday (Sunday 3am, Singapore time), the fear of losing could well become
        Reuters; PHOTOS: AFP  -  971 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      20 5 Noku Kyoto 205-1 Okura-Cho Karasuma-dori Marutamachi sagaru, Nakagyo-Ku Kyoto-city 604-0861, Kyoto https://www.nokuroxy.com ~The writer was a guest of Noku Kyoto
      20 words
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
Page thumbnail Page 10 / 11
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      29 13 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/specials/shscc
      29 words
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 1
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      55 2 NEWS Top Stories 2-9 Raffles Conversation 10-11 Companies Markets 12-16 Real Estate 17-18 Banking Finance 19 Energy Commodities 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Living L2-4 Travel L5 Dining L6-7 Beauty L8-9 Gadgets L10-11 Style L12 Health
      55 words
    • Article, Illustration
      Lock icon UK’s Nassim GCB plots up for sale again
      906 2  -  Guide price seen to be pared by some 20% from first tender that closed in January By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore The British government is expected to relaunch two freehold Nassim Road Good Class Bungalow (GCB) plots carved out from part
      BT Graphics  -  906 words
    • Article
      Lock icon MARKETS
      135 2 HSTI 2,822.97 (-20.83) HSTI FUTURES 2,824.00 (-21.00) HSIMSCI 313.86 (-2.82) HSIMSCI FUTURES 312.50 (-5.40) STOCKS Friday Change KL COMP 1,641.22 -9.29 NIKKEI 225 16,601.36 -67.05 HANG SENG 21,042.64 -255.24 SET 1,429.21 -6.44 JAKARTA 4,848.06 -28.74 MANILA 7,509.94 -26.71 KOSPI 2,017.63 -6.54 SHENZHEN B Closed MUMBAI 26,635.75 -127.71 11.45 EDT
      135 words
    • Article
      Lock icon New chemical plant on Jurong Island to use adjacent factories’ carbon emissions
      491 3  -  Novacap’s plant is first to tap a resource that would have just escaped into the atmosphere By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore FRENCH chemicals group Novacap is building a sodium bicarbonate plant on Jurong Island that will capture
      491 words
    • Article, Illustration
      Lock icon Revealing Yamato’s secrets to success
      624 3  -  By Grace So graceso@sph.com.sg Singapore INNOVATION is an essential part of business that all corporations try to encourage among their employees. At Yamato, there exists a synergistic fusion of Japa-nese-style management and a culture of innovation that has led the company to where it is
      PHOTO: AIDAN LOO  -  624 words
    • Article, Illustration
      Lock icon PropertyGuru unfazed by exit of strategic investor
      868 4  -  Property-search firm has consortium of new investors, hopes to be profitable in 2017 By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IT is little-known, but investors can and do withdraw their support for startups, in what is usually a sign of lost faith. Rough as
      868 words
    • Article, Illustration
      Lock icon RMB outflow curbs continue – but there are other channels
      613 4  - RMB outflow curbs continue but there are other channels By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore FIVE months after China suspended RMB (renminbi) outflows via an automated mechanism, corporates are said to be reverting to former channels to send out “trapped” funds. Vina Cheung, HSBC Asia Pacific’s global head of
      613 words
    • Article, Illustration
      Lock icon Why I renewed my COE for five years
      1274 5  -  SATURDAY SOAPBOX Vikram Khanna vikram@sph.com.sg Associate Editor LAST month, the 10-year COE for my Category B car expired. I was faced with four options: buy a new car; renew the COE for 10 years; renew for five years or do without a
      1,274 words
    • Article
      Lock icon Residential property owner taps crowdfunding for solar installation
      271 5  -  Investors to get 7 per cent return upon maturity of the loan on June 30 next year By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore IN what is believed to be a first in Asia, a residential property owner in Singapore has successfully used
      271 words
    • Article
      Lock icon Closing the generation gap as a younger boss
      908 6  -  When it comes to dealing with cross-generational conflict, young managers are often left to their own devices CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT IT SEEMS like companies have been extolling the virtues of diversity of late, so as to come across
      908 words
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      58 5 NOTICES SOH TONG SENG ALAN (S*****05H) CHONG MEI YIN CELINE (S*****30F) I, Leo Cheng Boon (NRIC No: S*****88G) apologise to the above persons for the misunderstanding caused. It is hereby confirmed that the parties above have accepted the letter of apology. Beef Up Your Finances Call 1800 289 8822 or
      58 words
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      68 7 SGCARMART happy sellers WAH!CAR SOLD FOR GOOD PRICE WHILE SITTING AT HOME,SHIOK! JEFFERY LOW ADVERTISE YOUR CAR FOR SALE NOW Visit sgcarmart.com/owner Once you find a buyer, sgCarMart Connect will provide 100% FREE settlement on Loans, Insurance Paperwork for both seller buyer. Call 6744 3540 You may also come to
      68 words
Page thumbnail Page 8 / 9
  • FOCUS
    • Article, Illustration
      Lock icon €UR*****
      200 8 / 9 Europe’s largest football tournament kicked off this morningasthe host nation France took on Romania in the opening match. The Business Times takes a closer look at the numbers of the world’s third-largest sporting event after the Fifa World Cup and the Summer Olympics. BT Infographics €1.7b The estimated amount
      Sources: Statista, UEFA, SportsPro, AFP, Total Sportek & livesportsreviews.com; BT Graphics: Lee u-wen, Hyrie Rahmat & Dania Amiril  -  200 words
Page thumbnail Page 10 / 11
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon It's the outcome that matters
      1963 10 / 11  -  After a sterling 18-year record at Standard Life Investments, Euan Munro is continuing his multi-asset multi-strategy approach to bring out the best and most creative ideas from the team at Aviva Investors as CEO. By Genevieve Cua By Genevieve Cua gen@sph.com.sg @GenCuaBT EUAN Munro, chief
      PHOTO: YEN MENG JIIN  -  1,963 words
Page thumbnail Page 12
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon FLT prices IPO at top of range at S$0.89 per unit
      617 12  -  It aims to rake in about S$1.27 billion in gross proceeds By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore FRASERS Logistics Industrial Trust (FLT) is set to raise around S$464.4 million from an initial public offering (IPO) of 521.75 million units,
      617 words
    • Article
      Lock icon Q&M to spin off China unit on Catalist
      280 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAINBOARD-listed Q&M Dental Group (Q&M) on Friday evening said that it has decided to proceed with the spin-off listing of Q&M Dental Holdings (China) on the Catalist board of the Singapore Exchange (SGX). The spin-off unit
      280 words
    • Article
      Lock icon Genting Singapore’s unlucky streak hits casino staff
      581 12  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore GENTING Singapore’s share of VIP guest volume which an analyst described as having swung from “supremacy to subordination” against rival Las Vegas Sands in Singapore’s duopoly casino business has claimed its latest (and most vulnerable) casualties: the
      581 words
    • Article, Illustration
      Lock icon Best World, Noble, oil & gas stocks in play as STI rises for 4th week
      563 13  - Best World, Noble, oil gas stocks in play as STI rises for 4th week STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE week began on a firm note as markets around this region took their lead from Wall Street, where “bad news is good news” was very much in prominence
      563 words
    • Article
      Lock icon Tiong Seng wins S$98.3m water pipeline contract
      261 13  -  By Gladys Yeo gladyeo@sph.com.sg Singapore TIONG Seng Contractors, the subsidiary of construction group and property developer Tiong Seng Holdings Ltd, has been awarded a S$98.3 million contract by Singapore’s national water agency, the Public Utilities Board, for the supply and installation of a
      261 words
    • Article, Illustration
      Lock icon mm2 hits all-time high on UnUsUaL listing plans
      298 13  -  HOT STOCK By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SHARES of movie producer mm2 Asia hit an all-time high on Friday, after it said that one of its investees, UnUsUaL Pte Ltd, has appointed professionals to prepare for a listing on the Catalist
      298 words
    • Article
      Lock icon GAINERS
      72 13 BY CENTS CLOSE UP 52w high/low JMH USD 5600 78.6 1.0 6103/4500 GLD US$ ***** 71.8 0.4 *****/***** Lyxor EM Mkt US$ 885 47.4 4.1 1021/755 Lyxor Russia US$ 265 13.6 3.9 283/200 Delfi 250 13.0 5.5 359/130 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.7 250.0 0.5 0.7/0.1
      72 words
    • Article
      Lock icon LOSERS
      78 13 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 5342 -107.1 -1.5 5677/4478 Jardine C&C 3328 -98.0 -2.9 4520/2636 DBXT China50 US$ 2800 -75.9 -2.0 3957/2355 DBXT MSTHAI US$ 1839 -42.0 -1.7 2058/1419 DBXT MSCHINA US$ 1165 -35.2 -2.2 1622/995 BY PERCENTAGE CLOSE DOWN 52w high/low Memstar Tech 0.1
      78 words
    • Article
      Lock icon MOST ACTIVE
      33 13 VOLUME Annica 242,651,100 Terratech 46,726,700 Noble 39,353,300 DeClout 38,329,000 ThaiBev 29,284,900 Market volume 1,200,900,000 VALUE DBS Grp 151,705,436 Singtel 69,630,976 OCBC Bank 54,785,781 UOB 49,475,867 JSH USD 31,773,259 Market value 926,093,000
      33 words
    • Article
      Lock icon STI STOCKS
      305 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 -2 235/232 253 209 6.6 6113.9 CapitaCom Trust 141 unch 142/140.5 158.5 122.5 6.1 4168.4 CapitaLand 303 -2 307/302 358 267 12.1 3 ***** CapitaMall Trust 204 unch 206/204 224 184.5
      305 words
    • Article
      Lock icon SGX ETFs Most Active
      106 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 287 -2 390 290/286 343/254 286/287 DBXT MS SING US$ US112.8 -2.6 225 112.8/112.8 129.8/97.5 112.7/113 5.6 DBXT MSRussia US$ US199 -1 212 200/198 214/129 196/197 DBXT MSPHILS US$ US211.4 +0.3 120 211.4/210.7 215/158.5
      106 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      801 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 6 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) City Developments 08-Jun-16 Aberdeen Asset Mgmt PLC *Sell 164 8.88 *****3 16.00 *****9 15.98 Tee Intl 08-Jun-16
      801 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 2 1 0 0 5 10 2 Manufacturing 28 43 33 9 8 9 37 51 42 Commerce 19 20 16 7 3 4 26 23 20 Tpt/Stor/Comms 14 11 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,462 61 14,523 50,813 11 50,824 Manufacturing 95,287 261,121 356,408 94,847 1,145 95,991 Commerce 82,337 25,020 107,357 88,335 838 89,173 Tpt/Stor/Comms 63,423 50 63,473 139,304 4 139,307 Finance 43,543 177 43,720 271,092 26 271,119 Construction
      124 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Jun 10 VALUE CLOSE BT OB/OS 72.00 -96.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 675.52 -3.76 FTSE ST Small Cap 395.13 -1.69 FTSE ST All Share 689.37 -3.75 FTSE ST China Top 161.69 -1.54 FTSE ST China 190.28 -1.17 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      78 14 VOL CLOSE($) CHANGE Infinio 1,010.1 0.007 +0.005 +250.00 Fuji Offset 22.4 0.260 -0.065 -20.00 Miyoshi 1,206.0 0.034 -0.002 -5.56 NauticAWT 59.0 0.145 -0.029 -16.67 MMP Resources 24,815.9 0.003 -0.001 -25.00 VGO 105.2 0.161 +0.022 +15.83 HuanHsin 178.1 0.013 +0.007 +116.67 MS Hldgs 50.0 0.072 -0.018 -20.00 Sunpower 10,350.4
      78 words
    • Article
      Lock icon COMMODITY FUTURES
      193 15 Jun-9 Price Net change change Last Trade Agricultural Jun-9 CBOT Soybeans (US cents/bu) 1176.00 -1.75 -0.15% 14/07/2016 CBOT Soybean Oil (US cents/lb) 33.03 0.14 0.43% 14/07/2016 CBOT Wheat (US cents/bu) 510.25 -9.25 -1.78% 14/07/2016 Jun-9 LIFFE Cocoa (£/tonne) 2258.00 5.00 0.22% 14/07/2016 LIFFE Coffee (US$/tonne) 1685.00 -12.00 -0.71%
      193 words
    • Article
      Lock icon PALM OIL
      57 15 Jun 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 16 2637.0 2635.0 2640.0 2630.0 595 2693 Jul 16 2610.0 2603.0 2616.0 2590.0 3820 ***** Aug 16 2591.0 2587.0 2605.0 2576.0 ***** ***** Sep 16 2568.0 2565.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      63 15 Jun 10 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-21 103.71 103.85 103.57 10-Year NX*****F 2.125 01-Jun-26 101.11 101.25 101.10 15-Year NZ*****F 2.875 01-Sep-30 107.32 20-Year NZ*****V 3.375 01-Sep-33 114.52 114.85 114.60 30-Year NA*****H
      63 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Jun 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0035 1.0042 0.7405 0.7407 Canadian dollar 1.0639 1.0646 0.7853 0.7851 Euro 1.5334 1.5345 1.1315 1.1319 NZ dollar 0.9612 0.9617 0.7093 0.7094 Sterling pound 1.9561 1.9576 1.4434 1.4440
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 15 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 15 Most active Jun 10 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.8 -0.4 5809 0.1 1620 4 Rowsley Ltd W*****3 0.3 -0.1 5663 1 18 4 STI 2950 MB eCW*****1 2.9 -1.1 4530 0.0 2
      207 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 15 In local curr In S$ In US$ dy yr dy yr dy yr Jun 9 Index Change Change Change Change Change Change World Preliminary 1270.0 -0.6 -0.6 -0.4 -3.4 -0.8 1.4 EAFE Preliminary 945.8 -0.9 -6.7 -0.9 -7.0 -1.3 -2.4 Europe Preliminary 1343.2 -1.0 -4.9
      377 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      10 15 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article
      Lock icon CMA CGM buys out Temasek’s NOL stake
      422 16  -  It now owns over 78% of the Singapore carrier; its general offer becomes unconditional By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore TEMASEK Holdings has tendered all shares in Neptune Orient Lines (NOL) to French carrier CMA CGM, taking NOL closer to the targeted
      422 words
    • Article, Illustration
      Lock icon Chinese companies tightening hold on Virgin Australia in setback for SIA
      831 16 Bloomberg Sydney CHINESE companies strengthened their grip on Virgin Australia Holdings Ltd as a second conglomerate bought a stake in the carrier, handing a blow to key shareholder Singapore Airlines Ltd (SIA). Nanshan Group will buy 811 million shares,
      Bloomberg; PHOTO: BLOOMBERG  -  831 words
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 17
  • REAL ESTATE
    • Article, Illustration
      Lock icon UK house prices expected to fall if Britain leaves EU
      521 17 But chartered surveyors polled still see an increase over 12-month horizon Reuters London BRITISH house prices are set for their first fall in nearly four years over the next few months as the European Union referendum and a new tax
      Reuters; PHOTO: BLOOMBERG  -  521 words
    • Article
      Lock icon Central bank warns of Toronto, Vancouver housing risks
      918 17 Bloomberg Ottawa BANK of Canada governor Stephen Poloz has given one of his bluntest warnings to date about the country’s housing boom, saying that Vancouver and Toronto buyers should realise strong price gains probably can’t be sustained by economic fundamentals. “This suggests
      Bloomberg  -  918 words
    • Article
      Lock icon Househunt
      1282 18 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 27 AND MAY 3, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 14 NON-LANDED Centra Ht Apt 27/04/2016 FH 431 650 1510 Fern Lodge Apt 27/04/2016 FH 990 768 776
      1,282 words
Page thumbnail Page 18
Page thumbnail Page 19
  • BANKING & FINANCE
    • Article
      Lock icon Philippines may join Asian sovereigns testing sukuk market
      529 19 Its success may depend on pricing and Middle East investors’ response Reuters Hong Kong PLANS by the Philippines to sell Islamic bonds could open a new source of financing for the incoming government of Rodrigo Duterte, but its success may depend on
      Reuters  -  529 words
  • Page 19 Advertisements
Page thumbnail Page 20
  • ENERGY & COMMODITIES
    • Article
      Lock icon Japan mulls LNG bunker hub at Yokohama
      476 20  -  Leading port’s interest in LNG bunkering comes ahead of future global sulphur cap imposed by maritime body By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore JAPAN, the world’s largest importer of liquefied natural gas (LNG), has launched a study on the feasibility of setting
      476 words
    • Article, Illustration
      Lock icon Miners cut distressed debt pool by US$60b as recovery firms
      739 20 Bloomberg Melbourne MINING companies are getting back into financial shape and have cut the sector’s pool of distressed bonds by at least US$60 billion, providing another boost to the industry’s outlook as commodities enter a bull market. Anglo American Plc
      Bloomberg; PHOTO: BLOOMBERG  -  739 words
Page thumbnail Page 21
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Instagram more popular advertising choice than Twitter: survey
      600 21 Facebook-owned Instagram benefits from using its parent’s advertising technology Reuters San Francisco ADVERTISING agencies are for the first time turning to Instagram more frequently than Twitter for social media ad campaigns, a survey released Thursday showed, a further indication of weakness in
      Reuters; Twitter. PHOTO: BLOOMBERG  -  600 words
    • Article
      Lock icon AT&T seeks to top Verizon as Yahoo reviews new bids
      435 21 Reuters New York YAHOO Inc is set to put together a new shortlist of bidders for its core internet assets after several parties, including Verizon Communications Inc and AT&T Inc, made second-round offers, people familiar with the matter said. In
      Reuters  -  435 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      46 21 HOT PROPERTY ELEVATED GCB OFF Holland Rd 19,170 sqft. Private tranquil Covered car porch Suits large family, move-in Cond. COMMANDING HILLTOP GCB Land *****/10ksf $10xxpsf Victoria Land *****sf. Very Exclusive. LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
      46 words
Page thumbnail Page 22
  • CONSUMER
    • Article, Illustration
      Lock icon Industry weighs radical shake-up of European drug pricing
      572 22 Wholesale adoption of the concept of drug pricing based on clinical results is proposed Reuters London THE pharmaceutical industry is considering a radical shift in the way it prices drugs in Europe so companies are rewarded for the clinical benefit of treatments
      Reuters; PHOTO: BLOOMBERG  -  572 words
    • Article, Illustration
      Lock icon Amazon muscles in on British grocery market with food delivery
      724 22 Reuters London AMAZON has launched a British version of its US AmazonFresh food delivery service, stepping up the pressure on the traditional big supermarkets already locked in a brutal price war. In a long-anticipated move to break into Britain’s £178
      Reuters; PHOTO: BLOOMBERG  -  724 words
Page thumbnail Page 23
  • TRANSPORT
    • Article
      Lock icon MOL treasury unit gets Singapore boost
      474 23  -  It bags Finance Treasury Centre status which comes with a reduced corporate tax rate By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE treasury arm of Japan’s leading shipping company, Mitsui OSK Lines (MOL), has secured Finance Treasury Centre (FTC) status in Singapore. MOL Treasury
      474 words
    • Article, Illustration
      Lock icon Tesla under scrutiny for suspension breakdowns
      790 23 NYT New York TESLA Motors, the maverick elec-tric-car maker, is under scrutiny from federal regulators over suspension failures attributed to its biggest-selling model along with reports that it had asked owners not to disclose the problem. The nation’s top car safety regulator, the National
      NYT; PHOTO: REUTERS  -  790 words
Page thumbnail Page 24
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China regulator rushes to meet MSCI deadline
      797 24 It aims to get yuan-denominated shares into Emerging Markets Index Reuters Hong Kong CHINA’S securities regulator has rushed through stockmarket rule changes under its new chairman in a bid to persuade MSCI to include domestic Chinese shares in one of its global benchmarks.
      Reuters; PHOTO: BLOOMBERG  -  797 words
    • Article
      Lock icon For India’s surging economy, small is beautiful
      743 24 Reuters Mumbai FOR Rohan Sharma, business has never been better. Sales at his carparts company in the western Indian state of Gujarat are booming and the order book has almost doubled in the past year. His Bhagirath Coach Metal Fabricators has just invested
      Reuters  -  743 words
    • Article
      Lock icon IE Singapore inks agreements in Mexico
      398 25  -  One of the deals will boost collaboration in infrastructure building and connectivity between the two countries By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore INTERNATIONAL Enterprise (IE) Singapore has signed a memorandum of understanding (MOU) with the Secretariat of Economic Development of Mexico City to promote
      398 words
    • Article, Illustration
      Lock icon China now rivals Europe, US as growth engine for Asian exports
      539 25 Bloomberg Hong Kong CHINA is now an equal or even bigger driver of export growth in neighbouring economies than the United States and European Union combined, marking a significant shift in the economic pecking order since the 2008 global
      Bloomberg; PHOTO: BLOOMBERG  -  539 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      45 25 fAOt M 4 $>Sl Dear Dad 9 A Father’s Dtiy gift to make you smile. E^S photobank.com.sg/promo.html IS I IMI S IIIISTKAIIMIMI.S *i SH Beer/ e j 1 3£E, VOTING All images used are for illustrative purposes only. Individual features may vary. spyi PHOTOBANK FotoHub
      45 words
Page thumbnail Page 26 / 27
  • OPINION
    • Article, Illustration
      Lock icon A happier workforce for higher productivity
      1193 26 / 27  -  In the effort to raise productivity in Singapore, the power of happiness is the less conventional factor that has been overlooked and underestimated. By Sun Xi By Sun Xi ~The writer, a Chinese alumnus of the Lee Kuan Yew School of Public Policy at
      PHOTO: BLOOMBERG  -  1,193 words
    • Article
      Lock icon It’s time to say ‘Get lost’ to bloggers
      929 26 / 27  -  By Vijay Verghese ~The writer is Editor of Smart Travel Asia http://www.smarttravelasia.com NOBODY can spell these days, nor does anyone read, but everyone wants to be a writer a gr8 writer. There’s something about prose that makes people believe they can instantly
      929 words
  • Page 26 / 27 Miscellaneous
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Where are we in the roller coaster of investor emotion?
        1431 28 / 29  -  Sentiment is still very cautious in the stock market WEALTH INSIGHTS Shane Oliver AMP Capital ~The writer is the Head of Investment Strategy and Chief Economist at AMP Capital RECENTLY I was asked where we are in the cycle of
        Source: Russell Investments, AMP Capital; Source: Bloomberg, AMP Capital; FILE PHOTO  -  1,431 words
      • brokers’ take
        • Article
          Lock icon StarHub Hold (Downgrade)
          158 28 / 29 OCBC Investment Research June 10 Close: S$3.57 Target price: S$3.69 SINCE our upgrade to “buy” on March 31, StarHub has made a strong recovery from S$3.31 then to a recent high of S$3.70, or about 12 per cent. And if we add in the quarterly dividend of
          158 words
        • Article
          Lock icon Mermaid Maritime Add
          215 28 / 29 CIMB Research June 9 Close: S$0.123 Target price: S$0.16 (down from S$0.23) OUR fear of Mermaid Maritime’s 34 per cent owned jack-up rigs contracts being cancelled is addressed in the latest short extension of AOD I by two months from May to July 2016, albeit at a
          215 words
        • Article
          Lock icon Japfa Ltd Buy
          197 28 / 29  -  Compiled by Cai Haoxiang DBS Group Research June 9 Close: S$0.765 Target price: S$1.10 JAPFA Comfeed Indonesia announced that it had on June 8 entered into subscription agreement with KKR Jade Investments Pte Ltd (KKR). A separate sale and purchase agreement with Japfa Ltd would also see
          197 words
      • Article, Illustration
        Lock icon Time to relook emerging markets: Amundi
        663 30  -  EM sector is both a value and growth call, says asset manager’s head of global equities. By Genevieve Cua By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore INVESTORS should re-think their deeply underweight positions in the emerging markets (EM), said Romain Boscher, Amundi Asset Management head
        PHOTO: REUTERS  -  663 words
      • Article
        Lock icon Sotheby’s strikes deals with bidders as art market slows
        774 30 Bloomberg New York SOTHEBY’S was in a bind. The auction house had won several top consignments for its bellwether spring auction, including a Jean-Michel Basquiat that sold for US$7.4 million four years ago, by guaranteeing the sellers minimum prices. But as
        Bloomberg  -  774 words
  • Page 28 / 29 Advertisements
Page thumbnail Page 30
Page thumbnail Page 31
  • LIFE & CULTURE
    • Article
      Lock icon Time-starved people are happier: study
      465 31 Given a choice, they would rather have more time than more money WP Washington AMERICANS who want more time in their lives are happier than those who want more money, according to new research published in the journal Social Psychological and Personality Science. Across a
      WP  -  465 words
    • Article, Illustration
      Lock icon Final tribute to ‘The Greatest’ unfolds in Muhammad Ali’s hometown
      456 31 Reuters Louisville, Kentucky LUMINARIES and ordinary people gathered on Friday for a last goodbye to Muhammad Ali a memorial and funeral procession through the Kentucky hometown of the man celebrated around the world for his boxing skills and strong beliefs.
      Reuters; PHOTO: REUTERS  -  456 words
  • Page 31 Advertisements
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      330 31 CRYPTIC CROSSWORD Across 1 Drinks outlet belonging to criminal left in charge inside (3-7) 6 Report of star not working (4) 9 Cases in which time is lost in game (5) 10 Carry off bit of a brightly-coloured suit in rally (4,5) 12 Noble ordered handy MG? It is seen
      330 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      129 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      129 words