The Business Times, 14 June 2016

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Total Pages: 24
1 24 The Business Times
  • 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 Tuesday, June 14, 2016
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  • 26 1 Monday Change STI 2,785.43 -37.54 KL COMP 1,629.77 -11.45 NIKKEI 225 16,019.18 -582.18 HANG SENG 20,512.99 -529.65 SHENZHEN B 1,069.80 -18.63 DOW(11.45AM EDT) 17,809.29 -56.05
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  • Article, Illustration
    224 1 Singapore is the only Asian country which has over a trillion yen or S$12.74 billion at Monday’s exchange rate invested in Japan, as at end-2014. TOP STORIES 2 Ride-sharing app Grab will soon launch GrabHitch JB-SG, a service that lets passengers carpool between Johor Bahru and Singapore. TOP
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  • 775 1  -  For citizens and permanent residents, the Q1 jobless rate slips to 2.7% from Q4’s 2.9% By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE jobs market picture painted by the latest official report released on Monday isn’t as bleak as the sluggish
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  • 783 1  -  It sets up dedicated units to monitor money-laundering risks and to boost enforcement action By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SOME three weeks after the Monetary Authority of Singapore (MAS) ordered the shutdown of the BSI Bank for the worst case of gross
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  • Page 1 Advertisements
    • 40 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES OYSTER PERPETUAL DAY-DATE 40 ROLEX EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: 6737 2896 WISMA ATRIA, #02-40/41-44, TEL: 6694 5712 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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    • 13 1 CONTAINER VOLUME Port of S’pore notches 2016’s first year-on-year rise TOP STORIES 2
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    • 58 1 HOCK LOCK SIEW Challenger shows the way for other S’pore retailers COMPANIES MARKETS 6 LE NOUVEL ARDMORE Wing Tai sells another apartment for S$21m REAL ESTATE 13 WHEN PUSH COMES TO STOVE Chef Christophe Megel stakes out profitable F&B ventures with his food consultancy, A-munition, which arms chefs with firepower
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    • 11 1 Q3 hiring prospects to be worst since last recession, Page 2
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  • TOP STORIES
    • 428 2  -  industry veteran says containerised cargo flows are normalising a year after 2 shipping alliances took effect By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore TOTAL container throughput in the Port of Singapore rose in May compared to May a year ago, in
      SPH FILE PHOTO  -  428 words
    • 804 2  -  But with 1.72t yen as at end-2014, it trails US, Netherlands, France, UK By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SINGAPORE is the only Asian country which has over a trillion yen or S$12.74 billion at Monday’s exchange rate invested in Japan,
      804 words
    • 527 2  -  Economic, financial reforms are needed, with interest rates likely to stay low as societies get older, he says By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore LOW interest rates are here to stay, and will pose challenges to retirement security globally, Deputy Prime Minister
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    • 474 2 Tech giant makes foray into social networking, adds tool to boost services AFP Washington MICROSOFT said on Monday that it was buying the professional social network LinkedIn for US$26.2 billion in cash, a move that helps refocus the US tech giant around cloud computing and
      AFP  -  474 words
    • 467 2  -  Survey: Employers sense more uncertainty; most appear to be waiting for clearer signs in the market By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE pace of hiring is tipped to be “more conservative” in the next three months, with hiring prospects
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    • 413 4  -  Annual survey shows a near 7-point jump to 85.9%; Khoo Teck Puat Hospital emerges top again By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore SATISFACTION with public healthcare institutions (HCIs) rose in 2015, with 85.9 per cent of patients and caregivers saying that service was
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    • 776 4  -  EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT ONE of the legacies left behind by Michel Platini, the former chief of European football’s governing body UEFA, was his successful push for this year’s European Football Championship to feature a record 24
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    • 1040 4 WP hate, no SINGAPORE MFA Beijing FROM Russia to Brazil, from Buckingham Palace and the Vatican, world leaders and public figures have expressed horror at the shooting in Orlando, Florida, and sympathy for the victims. Tel Aviv’s City Hall was
      WP ,; hate, no SINGAPORE MFA; PHOTOS: AFP  -  1,040 words
    • 520 4  -  The Global Vote enables expression of one’s ‘responsibility to humanity’ By Vrinda Kudaisya kvrinda@sph.com.sg Singapore A platform that gives people a chance to vote in the elections and referenda of other countries was launched in London on Monday. The controversial
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    • 595 5  -  It will start on June 20 and is part of Grab’s continuous efforts to localise its offerings to compete with rival Uber By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE-BASED ride-sharing app Grab on Monday said it will soon launch GrabHitch JB-SG, a service that lets
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    • 888 5 BLOOMBERG London BILL Winters found more than just bad loans when he took over Standard Chartered Plc. He says he uncovered a culture where a few senior managers flouted ethics rules for personal gain and considered themselves “above the law”.
      BLOOMBERG; PHOTO: BLOOMBERG  -  888 words



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  • COMPANIES & MARKETS
    • 776 6  -  Ezra will sell 10% for US$36m, leaving it with 40%; Chiyoda will be left with 35% after disposal of 15% By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore JAPANESE shipping giant Nippon Yusen Kabushiki Kaisha (NYK) is acquiring a 25 per
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    • 394 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE-listed real estate companies have outperformed the broader market so far this year as strong gains in the slightly smaller property plays offset declines in the biggest names, according to data provided by the Singapore
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    • CORPORATE DIGEST
      • 48 6 INSURER AIA, through its various entities, has become a substantial shareholder of Mapletree Industrial Trust. The latest acquisition took place on June 10 with 457,000 units bought at S$1.6067 per unit. This brought AIA’s total holdings to 5.01 per cent from 4.98 per cent previously.
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      • 94 6 OFFSHORE vessel owner Pacific Radiance said its subsidiary Pacific Crest has issued two notices for arbitration in Hong Kong against two Chinese shipbuilders Shanghai Waigaoqiao Shipbuilding Offshore Co and China Shipbuilding Trading (Shanghai) Co. The arbitration comes after two contracts with the shipyards, both dated May 2013, were
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      • 65 6 CATERER Neo Group has bought 55 per cent of U-Market Place Enterprise, the company set up in 2008 which makes rice dumplings under the “Joo Chiat Kim Choo” brand. U-Market later branched out to sell meat-related products. Neo Group bought 55 per cent of the business for S$1.925
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      • 37 6 SMRT Corporation’s wholly owned subsidiary Singapore Rail Engineering has increased its paid-up share capital from S$2 to S$6 million via the allotment and issuance of around 5.99 million ordinary shares at S$1 each to SMRT Corp.
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      • 57 6 CONSTRUCTION contractor Ley Choon Group Holdings, which is undergoing a debt restructuring, has won a S$33.6 million contract from the Public Utilities Board. The contract is for the supply and laying of water pipelines from AYE and Henderson Road to Keppel Road, and Keppel Road to Maxwell Road
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    • 278 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CORD blood bank Cordlife Group said it has appointed medical doctor and public health specialist Wong Chiang Yin, 48, as its new CEO. Dr Wong was most recently the executive director of Bursa Malaysialisted TMC Life
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    • 1210 6  -  HOCK LOCK SIEW BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT A SINGAPORE mega supermarket for all things tech, Challenger Technologies, through its push to become a major e-commerce player, shows it has realised the big opportunity that selling online can bring to the
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    • 561 8  -  It sees benefits in future fund-raising By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE ability to raise funds in Singapore at a lower cost has prompted Malaysia’s Top Glove Corporation to seek a presence on the SGX, but this time via a secondary listing.
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    • 481 8  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CONTINUED market volatility and low oil prices have done nothing to dent the confidence of Asian sovereign wealth funds, said Invesco in its fourth annual Global Sovereign Asset Management Study released on Monday. In fact, its Sovereign Confidence
      Source: Invesco Global Sovereign Asset Management Study 2016  -  481 words
    • 436 8 BLOOMBERG Hong Kong EVEN by the boom-bust standards of Asia’s equity business, it’s been a turbulent 12 months. At this time last year, the industry was riding high as China’s stock market soared, volumes jumped to record highs and some
      BLOOMBERG  -  436 words
    • 353 9  -  Singapore-based group’s other core business is in the trading of base oils, additives and lubricants By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE-based lubricant manufacturer United Global is eyeing a listing on the Catalist board of Singapore Exchange (SGX), saying on Monday
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    • 301 9  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OKP Holdings has won two contracts worth S$54.7 million through its wholly owned subsidiary, Eng Lam Contractors Co Pte Ltd, from the Land Transport Authority (LTA) for road resurfacing works. The contracts call for works along seven
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    • 342 9  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore BASSLINK, a subsidiary of Keppel Infrastructure Trust (KIT), said the sole electricity interconnector between Tasmania and mainland Australia has resumed service. In a statement released on the Singapore Exchange on Monday through Keppel Infrastructure Fund Management, KIT’s
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    • 325 9 REUTERS Paris FRENCH container shipping firm CMA CGM plans to delist Neptune Orient Lines (NOL) following its takeover of the Singaporean shipper, CMA CGM’s vice-chairman Rodolphe Saade told French daily Les Echos. CMA CGM, the world’s third largest container shipping company, said earlier
      REUTERS  -  325 words
    • Article, Illustration
      63 10 STI Catalist Straits Times Index June 13,2016 2,785.43 -37.54 (-1.33%) Current streak 3 days Day high 2,793.30 Day low 2,771.86 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 13,2016 438.07 -8.02 (-1.80%) Current streak 1 day Day high 445.41 Day low
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    • 77 10 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 250.9 1.5 *****/***** DBS Bk 4.7% NCPS ***** 158.0 1.5 *****/***** DBXT S&PShort US$ 2041 24.4 0.9 2393/2022 SATS 412 7.0 1.7 449/338 ST Engineering 320 7.0 2.2 347/267 BY PERCENTAGE CLOSE UP 52w high/low Nico Steel 2.4 71.4 1.0
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    • 76 10 BY CENTS CLOSE DOWN 52w high/low DBXT MSEurope US$ 5213 -414.9 -5.5 6127/4770 DBXT E50 US$ 4336 -386.5 -6.2 5249/3968 SPDR S&P500 US$ ***** -322.7 -1.1 *****/***** DBXT Nifty US$ ***** -269.8 -1.6 *****/***** DBXT MSKorea US$ 5217 -169.5 -2.3 5677/4478 BY PERCENTAGE CLOSE DOWN 52w high/low STI 2900MBeCW*****0
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    • 660 10  -  Local market falls prey to selling pressure as Hang Seng Index drops 2.5% and the Nikkei plunges 3.5% STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT FOOTBALL supporters on Monday were shocked by a “Braxit” when Brazil unexpectedly exited the Copa America tournament being held
      Source: Bloomberg  -  660 words
    • 305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 233 +1 235/228 253 209 6.6 6140.2 CapitaCom Trust 139 -2 141/138.5 158.5 122.5 6.2 4109.3 CapitaLand 299 -4 302/297 358 267 12 3 ***** CapitaMall Trust 203 -1 204/201 224 184.5
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    • 33 10 VOLUME Ezra 290,486,900 Annica 264,776,000 LionGold 243,304,900 Magnus Energy 105,500,000 Noble 32,367,100 Market volume 2,243,975,000 VALUE DBS Grp 87,609,623 Singtel 79,144,426 OCBC Bank 69,700,358 UOB 57,091,649 CapitaLand 42,538,060 Market value 942,358,000
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    • 77 10 Jun 13 VALUE CLOSE BT OB/OS -124.00 -196.00 BT CADI -*****.00 -194.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 667.66 -7.86 FTSE ST Small Cap 390.80 -4.33 FTSE ST All Share 680.80 -8.57 FTSE ST China Top 159.36 -2.33 FTSE ST China 188.13 -2.15 FTSE
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    • 105 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 283 -4 520 283/281 343/254 282/283 DBXT MSPHILS US$ US208.6 -2.8 250 210.1/205.9 215/158.5 207.9/208.7 16.7 IS ASIA HYG US$ US1071 217 -/-1130/977 1061/1070 DBXT MSPacXJp US$ US464 +1 91 464/464 523/401 465/466 DBXT
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    • 34 10 STI FTSE ST All-Share ftse ST All-Share index June 13,2016 680.80 -8.57 (-1.24%) Current streak 3 days Day high 683.09 Day low 678.66 52-week high 806.37 (July 20,2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 10 STI MSCI EAFE MSCI EAFE index June 10,2016 1,640.92 -34.40 (-2.05%) Current streak 2 days Day high 1,671.56 Day low 1,634.38 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 4 0 1 0 5 9 4 Manufacturing 17 53 33 3 16 8 20 69 41 Commerce 12 24 14 1 9 4 13 33 18 Tpt/Stor/Comms 3 23 7
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,609 69 16,678 60,313 13 60,326 Manufacturing 92,888 545,268 638,156 86,908 2,064 88,972 Commerce 57,966 12,691 70,657 56,322 415 56,737 Tpt/Stor/Comms 363,545 416 363,961 184,168 35 184,204 Finance 26,979 37 27,016 231,977 4 231,981 Construction
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    • 79 10 VOL CLOSE($) CHANGE VGO 297.8 0.205 +0.044 +27.33 LionGold 243,304.9 0.002 -0.001 -33.33 Miyoshi 1,127.5 0.037 +0.003 +8.82 Koh Eco 200.0 0.052 +0.006 +13.04 Prudential USD 0.5 18.200 -0.700 -3.70 Eucon 204.0 0.015 -0.005 -25.00 China Haida 58.1 0.018 +0.003 +20.00 Edition 5,340.0 0.010 -0.001 -9.09 Cacola 1,000.0
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    • BROKERS’ TAKE
      • 195 10 Deutsche Bank Markets Research, June 10 City Developments has been one of the best performing stocks in Singapore this year. After the 18 per cent share price rally versus -1.3 per cent for the Straits Times Index, we believe Sembcorp Marine (SMM) would provide better upside potential. Our
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      • 78 10 Keppel Corp Neutral June 13 close: S$5.40 Target price: S$5.15 Citi Research, June 10 At current stock prices, implied valuations on Keppel’s various business units are not aggressive. The continued convergence between equity and business valuations, however, would hinge upon 1) reduced likelihood of further return on equity erosion at
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      • 165 10  - ARA Asset Management Buy Compiled by Cai Haoxiang June 13 close: S$1.40 Target price: S$1.76 DBS Group Research, June 13 Flushed with proceeds from the recent rights issue, ARA is well positioned to capture assets under management through the launch of new fund products with capital partners. With the expected
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    • 11 10 DATA I June 14 US Federal Open Market Committee Meeting
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    • 421 11 CURRENCIES REUTERS London THE safe-haven yen strengthened across the board on Monday, hitting a three-year high against both the euro and sterling, on worries that Britain could vote to leave the European Union in a referendum in just 10 days’ time. Sterling
      REUTERS  -  421 words
    • FOREX RATES
      • 471 11 Jun 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.945 4.871 0.657 5.745 49.632 98.302 0.786 8.670 3.020 1.048 77.362 34.097 1.003 11.238 0.713 23.962 26.031 0.521 0.740 Canada 1.058 5.153
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      • 155 11 Jun 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0033 1.0036 0.7399 0.7400 Canadian dollar 1.0614 1.0616 0.7828 0.7827 Euro 1.5281 1.5288 1.1269 1.1273 NZ dollar 0.9572 0.9575 0.7059 0.7060 Sterling pound 1.9238 1.9247 1.4187 1.4192
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      • 22 11 Jun 13 S$ Bid Offer 1-month 1.3563 1.3568 2-months 1.3570 1.3573 3-months 1.3577 1.3581 6-months 1.3597 1.3602 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 390 11 Jun 13 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9287.50 9287.50 9027.50 9052.50 *****1 *****7 Jul16 9150.00 9150.00 8895.00 8917.50 5280 3057 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Dec16 *****.00 *****.00 *****.00 *****.00 34 3978 MSCI TAIWAN
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      • 202 11 Most active Jun 13 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.5 -1.3 6566 0.1 1620 4 UOB MB eCW*****1 9.7 -1.1 4102 0.1 1850 4 FTSEChinaA50 9500 MBeCW*****0 9 -2.5 3320 0.0 2 KepCorp
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jun 10 Index Change Change Change Change Change Change World Preliminary 1258.1 -1.1 -1.5 -0.9 -4.2 -1.3 0.3 EAFE Preliminary 930.3 -1.6 -8.2 -1.7 -8.6 -2.1 -4.4 Europe Preliminary 1313.5 -2.2 -7.0
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    • BANK RATES
      • 154 11 Jun 13 $S Offer Bid 0vernight 0.08 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.09 US$ 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
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      • 67 11 Jun 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.27 5-Year NX*****X 2.250 01-Jun-21 103.89 104.00 103.90 10-Year NX*****F 2.125 01-Jun-26 101.39 101.55 101.40 15-Year NZ*****F 2.875 01-Sep-30 107.67 108.03 107.85 20-Year NZ*****V 3.375 01-Sep-33 114.91 114.95 114.94
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    • AGRI METALS ENERGY
      • 250 11 Jun-10 Price Net change change Last Trade Agricultural Jun-10 CBOT Soybeans (US cents/bu) 1178.25 2.25 0.19% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.76 -0.27 -0.82% 14/07/2016 CBOT Wheat (US cents/bu) 495.00 -15.25 -2.99% 14/07/2016 Jun-10 LIFFE Cocoa (£/tonne) 2276.00 18.00 0.80% 14/07/2016 LIFFE Coffee (US$/tonne) 1643.00 -42.00 -2.49%
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    • 1792 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 137 -1 31 138 137 0.9 8.3 871.9 Div 170.7 101 ARA Asset Mgmt 140 -3 419 142
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    • 277 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 10.3 -0.2 897 10.4 10.3 28.8 Sale ('000) High LOW C'vr P/E 8.8 32 16.7 t CNMC
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    • 139 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 957 700 CIMBASEAN40 US$ US817 -26 2 817 817 128.1 3954 2355 DBXT China50 US$ US2740 -60 10 2771 2731 7.5 362 190 DBXT MSBrazil US$ US297 -12
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  • Page 6 Advertisements
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  • Page 8 Advertisements
    • 62 8 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES 9 m asK www.straitstimes.com/askst n 4 •> v (.3 What is the difference between conservation and preservation? What is the hottest new gadget on the market? How can I capture that winning shot?
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    • 323 8 BEST N EW RESTAURANT W EST E R N O D E T T E B E S T NEW R E S TAU RA N T N O N W E ST E R N N AT I O N AL KITCHEN BY V IO L ET OON BE
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  • Page 9 Advertisements
    • 175 9 You don't learn to walk by following rules. You learn by doing, and by falling over. SIR RICHARD BRANSON Founder of Virgin Group x'' >Y LONDON SPEAKER BUREAU ASIA Sl RICHARD BRANSON i SIR BOB GELDOF Founder of Live Aid and Band Aid SUSILO BAMBANG YUDH0Y0N0 6 th President of
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  • Page 12 Advertisements
    • 80 12 SGX== SGX My Gateway Stay informed about Singapore's stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange 9 This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • REAL ESTATE
    • 596 13  -  Price works out to S$4,006 psf; buyer is believed to be Indonesian who controls Agung Podomoro Land By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore WING TAI has sold another apartment at its freehold Le Nouvel Ardmore condominium. The seventh floor
      FILE PHOTO  -  596 words
    • 300 13 BLOOMBERG Copenhagen IN Denmark, you can get a 30-year home loan and pay your bank less than what the US government pays its creditors. The Danes to a large extent have Britain’s “Leave” camp to thank as the campaign to exit
      BLOOMBERG  -  300 words
    • 250 13 BLOOMBERG Dubai QATAR Investment Authority (QIA) has approached banks for a loan of as much as US$2 billion to finance its acquisition of BlackRock Inc’s Asia Square Tower 1, according to three people with knowledge of the matter. The
      BLOOMBERG; FILE PHOTO  -  250 words
    • 263 13 BLOOMBERG Shanghai CHINA’S new home sales rose at the slowest pace so far this year amid policymakers’ moves to cool the property market. New home sales climbed 32.9 per cent to 773 billion yuan (S$ 159 billion) last month from a
      BLOOMBERG  -  263 words
    • 661 13 BLOOMBERG Seoul LOTTE Group indicated it will shelve what may have been a US$4.5 billion initial public offering (IPO), the world’s biggest so far this year, for its hotel unit after widening investigations pushed the South Korean conglomerate deeper
      BLOOMBERG; PHOTO: REUTERS  -  661 words
  • Page 13 Advertisements
    • 135 13 FOR LEASE: Supply Chain City 1 Asia’s Premier Supply Chain Hub 8 Bulim Avenue Brand new ramp up warehouse ancillary office J Equipped with patented Fusionaris™ Automated Storage Retrieval System (ASRS) Strategic location within the new Jurong Innovation District (JID) Shuttle service to Jurong Point Westgate Marketing Agent Jonathan Tan
      135 words
    • 80 13 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi W: www.smats.net E: smats@smats.net T:
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  • BANKING & FINANCE
    • 1033 14 They are convinced the Asean stock rally is sustainable and have pumped US$596m into the markets so far in June BLOOMBERG Singapore SOUTH-EAST Asian stocks are winning fans again, with investors betting that a rally that’s driven equities from Bangkok to Manila to
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,033 words
    • 549 14 I FR Hong Kong ASIA’S high-yield debt specialists are facing a tougher time justifying their jobs as investment banks begin to shed product-specific roles in response to a sharp slowdown in activity. High-yield corporate bond sales in Asia ex-Japan have plunged to
      IFR  -  549 words
  • Page 14 Advertisements
    • 1799 14 NOTICES gA *0 <= r-r-T M/ FIRSTLINK INVESTMENTS CORPORATION LIMITED (Co. Reg. No. *****2562E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Seventh Annual General Meeting of the Company will be held at Emerald Suite, Golf Clubhouse, Level II, Orchid Country Club, No. 1, Orchid Club Road,
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  • ENERGY & COMMODITIES
    • 835 15 They are luring traders, marketers, risk managers away from state-owned companies with better pay and perks REUTERS Beijing CHINESE independent oil companies are luring traders, marketers and risk managers away from dominant state behemoths, offering better pay and perks in a hiring spree
      REUTERS; PHOTO: REUTERS  -  835 words
    • 545 15 REUTERS London ENERGY giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry’s rapidly burgeoning supply. Companies have invested billions in plants to produce liquefied
      REUTERS  -  545 words
    • 251 15 BLOOMBERG Dubai SAUDI Arabia’s state electricity utility is seeking bids from international developers to build two solar-power plants in the kingdom’s northern region. The plants will each generate as much as 50 megawatts using pho-to-voltaic technology, which produces power directly for solar
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  • Page 15 Advertisements
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    • 168 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LAOF IV VENTURES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6448Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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    • 1631 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Ill MANHATTAN RESOURCES LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6289K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Manhattan Resources Limited (“Company") will be held at MND Auditorium, 9 Maxwell
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  • TECHNOLOGY
    • 199 16 REUTERS Beijing SIEMENS has no interest in becoming a white knight for German robot maker Kuka, which is the target of a 4.5 billion euro (S$6.88 billion) takeover bid by Chinese home appliance maker Midea, Siemens’ chief executive said. “If we had been
      REUTERS  -  199 words
    • 756 16 As part of the US$4.65b deal, Blue Coat’s CEO will take over as CEO of the combined security software maker NYT San Francisco BLUE Coat Systems seemed poised to begin life as a public company, after selling itself to a
      NYT  -  756 words
    • 577 16 BLOOMBERG New York TRADERS have never been more bearish on Alibaba Group Holding Ltd, the fast-growing Chinese e-commerce company facing a regulatory probe and the loss of a key investor. The total number of outstanding shares borrowed for short selling peaked at more
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  • Page 16 Advertisements
    • 215 16 1 Jfr* ST JOBS S>CAREER& DEVEL0PMENT2016 IT’S ALL ABOUT -T IVI e;fi 11 nnm BRINGING OUT THE BEST IN YOU Look forward to an enriching job hunting experience at the fair, with greater opportunities for networking, career talks and learning development. Sat Sun, 2 3 July 2016 10am 6pm, Marina
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  • CONSUMER
    • 678 17 US retailer says it will immediately close all 40 of the testing centres in its Arizona drugstores NYT New York WALGREENS said on Sunday that it was terminating its relationship with Theranos, dealing a severe blow to the embattled blood-testing company. Walgreens said
      NYT  -  678 words
    • 350 17 REUTERS New York OLDER teens who try electronic cigarettes have six times the odds of trying regular cigarettes within two years than those who never puffed on the devices, a study published on Monday found. “We’re concerned that kids
      REUTERS  -  350 words
  • Page 17 Advertisements
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  • TRANSPORT
    • 449 18 President Park Geun Hye warns of mass job cuts, economic slump in southern region AFP Seoul SOUTH Korean President Park Geun Hye on Monday urged “bonecrushing” efforts to overhaul the nation’s ailing shipbuilders faced with mounting losses caused by slowing global demand and increased
      AFP; PHOTO: AFP  -  449 words
    • 786 18 NYT Perth THE search for Malaysia Airlines’ missing Flight 370 on the floor of the southern Indian Ocean is nearing an end with no sign of the plane in the area that investigators had concluded it most likely went down, prompting a last-ditch reassessment
      NYT  -  786 words
  • Page 18 Advertisements
    • 706 18 A special feature brought to you by STJOBS LEARNING A survey conducted by government feedback unit, REACH earlier this year found that Singaporeans are most worried about job security in a slowing economy. And for good reason. Last year saw the fifth straight year of rising redundancies in Singapore, with
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  • GOVERNMENT & ECONOMY
  • Page 19 Advertisements
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  • OPINION
    • 624 20 EDITORIAL IN the final stretch towards the June 23 British referendum on whether to remain in the European Union or to leave, global equity markets are taking a pummelling. Late last week, sovereign bonds enjoyed their biggest
      624 words
    • 1486 20  -  Trump camp’s catchy slogans turning out to be more marketable than his rival’s messages By Leon Hadar Washington WHEN real estate magnate Donald Trump launched his presidential campaign last year by lashing out at illegal Mexican immigrants and promising to act tough
      PHOTO: AFP  -  1,486 words
    • 835 20  -  THE BOTTOM LINE By Paul Krugman NYT THE latest US employment report was a major disappointment: only 38,000 jobs were added in May, a big step down from the more than 200,000-a-month average since January 2013. Special factors, notably the Verizon strike, partly
      NYT  -  835 words
    • 1019 21  -  COMMENTARY By Andrew Hammond TThe writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics. THE final countdown to next week’s landmark “in-out” European Union (EU) referendum in Britain is
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    • 705 21  -  COMMENTARY By Lynne Barry T The writer is global head of learning development at Telstra. WOMEN have come a long way since the 1960s when they began to enter the workforce and fought for a position in the workplace. In spite of the
      705 words
    • 1343 21  -  Modi envisions India as a leading power in shaping global outcomes and seeks US support.BY support.BY HARSH V PANT T The writer is professor of international relations at King’s College London and the author of India’s Afghan Muddle. London INDIA under
      PHOTO: BLOOMBERG  -  1,343 words


  • Page 22 Advertisements
    • 968 22 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 Jul 15 Jul FOONG SUN
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  • LIFE & CULTURE
    • 853 23 Stoic Britons celebrate Queen Elizabeth II’s birthday despite the rain with high spirits and a picnic WP London WAS this the most British picnic ever? Marking Queen Elizabeth II’s 90th birthday, thousands gathered outside Buckingham Palace on Sunday for a giant street party that included a
      WP; PHOTO: AFP  -  853 words
    • 556 23 AFP Tokyo BENEATH the crackle and hum of Japan’s neon veneer, graffiti culture has traditionally been viewed as mindless vandalism assaulting the country’s highly valued sense of order and cleanliness. Tokyo’s lanes are virtually bare of the edgy street art common in other major cities
      AFP; PHOTO: AFP  -  556 words
    • 622 23 AFP Foxborough, US THE Copa America Centenario erupted into controversy on Sunday after a refereeing blunder sent Brazil crashing to a 1-0 defeat against Peru and out of the tournament. The defeat left Brazil struggling to digest their worst performance in the Copa America
      AFP; PHOTO: AFP  -  622 words
  • Page 23 Advertisements
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    • 14 23 Life begins after co ffee Grab a copy at all good bookstores and www.stpressbooks.com.sg
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  • Page 23 Miscellaneous
    • 316 23 CRYPTIC CROSSWORD Across 1 British tree with start of Dutch tree rot (10) 6 Invites fool to entertain king (4) 9 Be glad I supply sarcastic response (3,4) 10 Person delivering incoherent speech rose (7) 12 A chum strutted about to make a good impression (3,3,7) 14 Soldiers in gentle
      316 words

  • SME
    • 2326 24  -  Chef Christophe Megel stakes out profitable F&B ventures with his food consultancy, A-munition, which arms chefs with firepower to do battle in the kitchen. BY RENALD YEO BY RENALD YEO yrenald@sph.com.sg AS a strapping young chef in 1994, Christophe Megel felt like he was on
      a vineyard PHOTOS: ARTHUR LEE, FILE  -  2,326 words
  • Page 24 Advertisements
    • 99 24 IN-TUNE WHERE LEADERS SPARK Bringing SME Leaders together to: Cultivate CONVERSATIONS Discuss IDEAS Build PARTNERSHIPS NETWORKS DATE/TIME: 15 July 2016 3pm to 5pm (Registration commences from 2.30pm) VENUE: Devan Nair Institute for Employment and Employability 80 Jurong East Street 21 Level 1, Hall 3, Singapore *****7 For more information and
      99 words