The Business Times, 15 June 2016

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

Total Pages: 26
1 26 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 Wednesday, June 15, 2016
    22 words
  • Article, Illustration
    227 1 Civil servants will still get a mid-year variable bonus despite a poorer economic outlook but it’ll be smaller than the one last year. TOP STORIES 2 There is more money now in the pipeline for startups, with Golden Gate Ventures having raised US$10 million more than planned for
    227 words
  • 1226 1  -  If Britain votes to leave the EU, turmoil in global financial markets are expected to hurt the pound sharply and drag the euro down in the near term BREXIT JITTERS By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapo0re A POUNDING that’s what’s in store for financial
    BT Graphics  -  1,226 words
  • 725 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore INVESTORS have pulled out of risk markets in recent days to await nailbiters in the week ahead at the US Federal Reserve and in Britain. Equity markets retreated around the world. The Straits Times Index, Singapore’s
    Data: ShareInvestor.com, Yahoo! Finance  -  725 words
  • 26 1 Tuesday Change STI 2,768.33 -17.10 KL COMP 1,626.11 -3.66 NIKKEI 225 15,859.00 -160.18 HANG SENG 20,387.53 -125.46 SHENZHEN B 1,068.10 -1.70 DOW(11.45AM EDT) 17,634.62 -97.86
    26 words
  • Page 1 Advertisements
    • 21 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES Volatility ahead? Takeadvantageofourtightspreads onforexandcommodities TheUK’sEUreferendum,USinterestratesandunpredictableoilpricesmayallcausevolatility inthemarkets.Whicheverdirectionyouthinkthemarketsaremovingin,ourtightspreadscould helpyoumakethemostofanytradingopportunities. Visitcmcmarkets.com.sgorourRafflesPlaceoffice,orcall*****068 FX|Indices|Commodities|Shares IssuedbyCMCMarketsSingaporePteLtd(UEN*****5050E).Thisadvertisforinformationonly,notaninvestmentrecommendationor financialadvice.Losses canexceedyourinitialdeposit.Seeriskwarning/disclosure&otherimportantinformationonourwebsite:www.cmcmarkets.com.sg.
      21 words
    • 31 1 RESALE PRICES Delicensed projects buoy CCR resale prices, volumes REAL ESTATE 14 Four polls put UK on course to leave EU, Page 2 Britain’s upstart lenders face Brexit shock, Page 16
      31 words
    • 18 1 STRAIT TALK Scrapping over ship recycling TRANSPORT/21 SWEETENED DEALS Hedge funds strive to keep investors executive money 26
      18 words

  • TOP STORIES
    • 553 2  -  Lower-wage officers get a S$20 or S$25 built-in rise, depending on grade By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore DESPITE a poorer economic outlook, civil servants will still get a mid-year variable bonus in July but it will be smaller than the one
      553 words
    • 626 2 BLOOMBERG London BRITAIN appeared to be on course to leave the European Union (EU), with four polls from three companies putting the “Leave” campaign ahead of “Remain”. Monday saw a day of intense volatility on the currency
      BLOOMBERG  -  626 words
    • 485 2  -  BREXIT JITTERS By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore EVEN among members of the British Chamber of Commerce (BritCham) Singapore, the view on Brexit is unclear with would-be voters switching their decisions within an hour. At a Brexit debate organised by BritCham on Tuesday, more
      485 words
    • 487 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo AS the June 23 decision day draws near for the British people to decide in a national referendum between remaining in or leaving the European Union (EU), Japanese firms are drawing up plans for
      487 words
    • 538 4  -  Investors in S’pore-based VC’s second fund include new partners from South Korea, Thailand and Germany STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THERE is more money now in the pipeline for startups, as Golden Gate Ventures (GGV) a Singapore-based venture capital (VC) firm
      538 words
    • 611 4  -  By Gladys Yeo gladyeo@sph.com.sg Singapore LOCAL professionals, managers, executives and technicians, a group collectively called PMETs, will be given help to find jobs in new industries. To this end, the Singapore Workforce Development Agency (WDA) will set
      611 words
    • 646 4  -  By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Los Angeles VIDEO game giant Microsoft is making a focused effort to combat main competitor Sony, by launching not just one, but two new video game consoles to the market by the end of next year. Announced
      PHOTO: SHERWIN LOH  -  646 words
    • 466 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore STARTUP activity in South-east Asia is at a “critical inflexion point”, Golden Gate Ventures (GGV), a Singa-pore-based venture capital firm that invests in early-stage companies across the region, said on Tuesday. In yet
      466 words
    • 616 5 The building’s usage is full commercial and its existing gross floor area reflects a 3.223 plot ratio Singapore KATONG Shopping Centre is being launched for collective sale through tender on Thursday with a reserve price of S$630 million.
      616 words
    • 602 5  -  EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT AS the old saying goes, it ain’t over until the fat lady sings. And how true that famous expression has proved at the Euro 2016 football tournament that’s unfolding in France. If you’re
      602 words


  • Page 4 Advertisements
    • 134 4 Health Cancer Screening S$690* Lipid Profile Diabetes Profile Liver Profile Bone/Joint Profile Kidney Profile Inflammatory Markers Cardiac Markers Iron Studies Hepatitis Profile STD Screen Thyroid Function Full Blood Count Tumour Markers Urine Analysis Electrocardiogram Chest X-Ray Ultrasound Thyroid Ultrasound Abdomen Ultrasound Prostate/Pelvis Consultation *Add on for Females: Mammogram Ultrasound Breast
      134 words
    • 11 4 zaobao.sg ExMyGoal Get the latest updates on Euro 2016 from ExMyGoal
      11 words

  • Page 5 Advertisements
    • 170 5 y m*.^oS0 >i,^l'ii^' v’-•». ’"V/ Si. ■&#£6$Fl rows jK-A' I $05 mm M m i< P r £H£& GO n--v. m A Yrv •MZW 'Jllll I WvSnnSor, SS&gMMMtwmption: 5.71/100 km; C0 2 emission: 132 g/km, C 200 Fuel Consumption: 6.01/100 kmK. T '3ion: 140g/km, C 300 Fuel Consumption: 6.61/100km; CO/emission:
      170 words

  • COMPANIES & MARKETS
    • 958 6  -  Economic Zone authority says it is hoping to include them as possible candidates for a power plant By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE’S water-treatment company Hyflux and diversified energy, water and marine group Sembcorp Industries are two potential
      PHOTO: BLOOMBERG  -  958 words
    • 471 6 REUTERS London INVESTORS have amassed their largest cash pile since 2001 and cut equity holdings to a four-year low, rattled by worries over Brexit and policymakers’ ability to bolster a fragile global economy, a Bank of America Merrill Lynch (BAML) survey said
      REUTERS  -  471 words
    • 693 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore CHANGJIANG Fertilizer Holdings, a cash company whose share trading has been suspended since April 17, 2015, has taken another step in its bid to transform itself into a real estate developer and investor. It announced on Tuesday
      693 words
    • 316 6  -  BY Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SWIFT the global messaging service for the financial industry has seen a doubling in a small, but growing, segment of money transfer corporations that are connecting to the network to transfer funds in multiple currencies around the world.
      316 words
    • 1104 8  -  HOCK LOCK SIEW BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT THAT “I’m in the game too” seems to be the PR (public relations) spiel of large local enterprises of late every day, one more of them clambers up the corporate innovation bandwagon, and proclaims
      1,104 words
    • 478 8  -  By J Lossini jlossini@sph.com.sg Singapore SINGAPORE’s 10 biggest stocks in the materials sector have averaged a 10.9 per cent total return year-to-date, according to data provided by the Singapore Exchange (SGX). The 10 are The Straits Trading Company, NSL, Midas Holdings, China
      478 words
    • 290 8  -  By Renald Yeo yrenald@sph.com.sg Singapore HOMEGROWN telco Singtel will be extending its reach far beyond Singapore to four continents and 325 cities around the globe, as it teams up with associate Bharti Airtel to merge their Point of Presence
      290 words
    • 335 9 This is its third Sage property in Australia; two more in the pipeline for Brisbane and Melbourne Singapore SINGAPORE-based hotel group, SilverNeedle, has opened its new Sage Hotel in West Perth, bringing the number of Sage Hotels it has in Australia to three. In
      335 words
    • 228 9  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SINGAPORE shipping firm Neptune Orient Lines (NOL), which has been taken over by France’s CMA CGM, has appointed a new chief executive officer and a new chief financial officer on Tuesday. The new CEO is
      228 words
    • 380 9  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DEUTSCHE Bank will soon lose its chief executive officer in Asia-Pacific a business franchise that made up at least 10 per cent of the German bank’s revenue in 2015. Gunit Chadha has decided to leave the bank, with his
      380 words
    • Article, Illustration
      62 10 STI Catalist Straits Times Index June 14,2016 2,768.33 -17.10 (-0.61%) Current streak 4 days Day high 2,789.06 Day low 2,763.53 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index June 14,2016 437.40 -0.67 (-0.15%) Current streak 2 days Day high 441.75 Day low 437.17
      62 words
    • 645 10  -  Brexit fears also weigh on sentiment as STI suffers fourth straight fall; low-priced issues the main trading targets STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AN uneasy calm descended upon the local stock market on Tuesday with traders hesitant to commit themselves ahead of the
      Source: Bloomberg  -  645 words
    • 305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 -1 235/230 253 209 6.6 6113.9 CapitaCom Trust 139 unch 141/138 158.5 122.5 6.2 4109.3 CapitaLand 296 -3 300/296 358 267 11.8 3 *****.8 CapitaMall Trust 204 +1 205/203 224 184.5
      305 words
    • 34 10 VOLUME Annica 119,698,900 Ezra 101,700,200 Noble 72,451,700 LionGold 57,444,000 MMP Resources 30,220,000 Market volume 1,412,195,000 VALUE DBS Grp 102,843,552 Singtel 73,562,569 UOB 53,663,312 OCBC Bank 36,854,222 JMH USD 35,834,574 Market value 849,548,000
      34 words
    • 108 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 282 -1 445 283/281 343/254 281/282 DBXT MS SING US$ US111.3 -1.5 75 111.3/111.3 129.8/97.5 110.3/110.8 5.6 DBXT MSAXJHDY US$ US144 -3 40 144/144 183.7/131.7 143.9/144.5 8.1 DBXT MSBrazil US$ US295 -2 20 295/295
      108 words
    • 77 10 Jun 14 VALUE CLOSE BT OB/OS -221.00 -97.00 BT CADI -*****.00 -61.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 667.54 -0.12 FTSE ST Small Cap 390.87 +0.07 FTSE ST All Share 677.01 -3.79 FTSE ST China Top 159.49 +0.13 FTSE ST China 187.93 -0.20 FTSE
      77 words
    • 35 10 STI FTSE ST All-Share ftse ST All-Share index June 14,2016 677.01 -3.79 (-0.56%) Current streak 4 days Day high 681.16 Day low 676.34 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • 33 10 STI MSCI EAFE MSCI EAFE index June 13,2016 1,609.73 -31.19 (-1.90%) Current streak 2 days Day high 1,632.50 Day low 1,604.92 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 5 7 0 1 0 3 6 7 Manufacturing 27 44 25 11 7 11 38 51 36 Commerce 9 26 15 2 5 5 11 31 20 Tpt/Stor/Comms 10 12 7
      186 words
    • 123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,948 259 17,207 52,438 46 52,483 Manufacturing 67,393 195,830 263,223 74,844 1,178 76,022 Commerce 94,381 36,429 130,810 79,674 556 80,230 Tpt/Stor/Comms 161,975 1,412 163,387 143,326 121 143,447 Finance 21,406 2 21,408 207,154 207,155 Construction 35,918
      123 words
    • 77 10 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4560 -216.8 -3.4 5224/4031 DBS Bk 4.7% NCPS ***** -162.0 -1.5 *****/***** SPDR S&P500 US$ ***** -149.1 -0.5 *****/***** DBXT E50 US$ 4235 -136.9 -2.3 5249/3968 JMH USD 5455 -128.8 -1.7 6103/4500 BY PERCENTAGE CLOSE DOWN 52w high/low Magnus Energy
      77 words
    • 72 10 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 7858 130.1 1.2 8403/6250 DBXT S&PShort US$ 2063 29.8 1.1 2393/2022 Isetan 375 15.0 4.2 471/320 Venture Corp 842 11.0 1.3 868/765 Acma 45 5.0 12.5 73.5/35.5 BY PERCENTAGE CLOSE UP 52w high/low CPH 0.8 100.0 0.4 1.2/0.3 Cedar Strategic
      72 words
    • 82 10 VOL CLOSE($) CHANGE Axcelasia 50.0 0.200 +0.019 +10.50 Asian Micro 575.9 0.009 +0.001 +12.50 3Cnergy 5.0 0.100 +0.005 +5.26 CPH 170.2 0.008 +0.004 +100.00 Hu An Cable 3,502.0 0.004 +0.001 +33.33 Prudential USD 0.9 17.600 -0.600 -3.30 Miyoshi 150.6 0.030 -0.007 -18.92 China Haida 50.3 0.016 -0.002 -11.11
      82 words
    • BROKERS’ TAKE
      • 177 10 DBS Group Research, June 13 We expect support at 2,630 points for the Straits Times Index (STI) if “Brexit” happens, or a rebound to 2,900 points on a relief rally if UK chooses to stay. Our year-end target for the STI is 3,000 points, pegged to 12.1 times
        177 words
      • 118 10 June 14 close: S$1.555 Target price: S$1.29 Maybank Kim Eng Research, June 13 We foresee a long gestation period for SingPost’s mergers and acquisitions, as: 1) its acquired businesses are small players in their fields facing intense competition; 2) they have only diversified and bumped up its
        118 words
      • 165 10  -  Compiled by Cai Haoxiang June 14 close: US$0.455 Target price: US$0.41 OCBC Investment Research, June 14 Year-to-date, Hong Kong Port Container throughput (Kwai Tsing Terminals) has fallen 11.1 per cent while China Shenzhen Container Throughput has dipped 0.6 per cent. For April alone, Hong Kong
        165 words
    • 15 10 DATA I June 15 Singapore retail sales index Singapore MAS Survey of Professional Forecasters
      15 words
    • 459 11 CURRENCIES REUTERS London THE yen surged to its strongest level against the euro in more than three years on Tuesday as the chances of Britain voting next week to leave the European Union grew, pushing investors towards the security of Japan
      REUTERS  -  459 words
    • FOREX RATES
      • Article, Illustration
        2 11
        2 words
      • 471 11 Jun 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.945 4.848 0.654 5.710 49.491 98.014 0.779 8.665 3.017 1.047 76.973 34.078 0.997 11.307 0.709 23.846 25.919 0.521 0.736 Canada 1.058 5.129
        471 words
      • 2 11
        2 words
      • Article, Illustration
        2 11
        2 words
      • 155 11 Jun 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9970 0.9977 0.7356 0.7358 Canadian dollar 1.0546 1.0555 0.7784 0.7781 Euro 1.5243 1.5256 1.1247 1.1251 NZ dollar 0.9518 0.9530 0.7023 0.7028 Sterling pound 1.9149 1.9164 1.4129 1.4133
        155 words
      • Article, Illustration
        1 11
        1 words
      • 22 11 Jun 14 S$ Bid Offer 1-month 1.3557 1.3565 2-months 1.3562 1.3571 3-months 1.3569 1.3578 6-months 1.3587 1.3597 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 209 11 Most active Jun 14 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.6 0.1 ***** 0.1 1620 4 STI 2800 MB ePW*****1 8 0.3 6250 0.0 2 UOB MB eCW*****1 9 -0.7 4867 0.1 1850 4
        209 words
      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jun 13 Index Change Change Change Change Change Change World Preliminary 1245.0 -0.9 -2.6 -1.1 -5.3 -0.9 -0.8 EAFE Preliminary 912.3 -1.9 -10.0 -2.1 -10.5 -1.9 -6.2 Europe Preliminary 1292.2 -1.6 -8.5
        377 words
      • 390 11 Jun 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9045.00 9192.50 9032.50 9150.00 *****3 *****6 Jul16 8920.00 9057.50 8905.00 9020.00 2320 5234 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec16 *****.00 *****.00 *****.00 *****.00 87 3980 MSCI TAIWAN
        390 words
    • BANK RATES
      • 154 11 Jun 14 $S Offer Bid 0vernight 0.06 0.01 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.02 US$ 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
      • 63 11 Jun 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.22 5-Year NX*****X 2.250 01-Jun-21 103.84 103.95 103.80 10-Year NX*****F 2.125 01-Jun-26 101.34 101.55 101.30 15-Year NZ*****F 2.875 01-Sep-30 107.53 20-Year NZ*****V 3.375 01-Sep-33 114.77 30-Year NA*****H 2.750 01-Mar-46
        63 words
    • AGRI METALS ENERGY
      • 245 11 Jun-13 Price Net change change Last Trade Agricultural Jun-13 CBOT Soybeans (US cents/bu) 1169.00 -9.25 -0.79% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.51 -0.25 -0.76% 14/07/2016 CBOT Wheat (US cents/bu) 491.25 -3.75 -0.76% 14/07/2016 Jun-13 LIFFE Cocoa (£/tonne) 2299.00 23.00 1.01% 14/07/2016 LIFFE Coffee (US$/tonne) 1649.00 6.00 0.37%
        245 words
    • 1735 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 137 unch 30 137.5 137 0.9 8.3 871.9 Div 170.7 101 ARA Asset Mgmt 138 -2 429 140.5
      1,735 words
    • 270 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 10.7 +0.4 ***** 11.1 10.3 29.9 Sale ('000) High LOW C'vr P/E 8.8 10 20.5 3.7 t
      270 words
    • 147 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 957 700 CIMBASEAN40 US$ US820 +3 0 820 820 128.6 3954 2355 DBXT China50 US$ US2710 -30 15 2723 2710 7.5 129.8 97.5 DBXT MS SING US$ US111.3
      147 words
  • Page 6 Advertisements
    • 293 6 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
    • 95 6 Hospitality Investment Conference Vietnam Uncovering your next hospitality investment opportunity in Vietnam it FEATURED SPEAKERS ii Frederick Burke Anton Jurgens Managing Partner, General Manager Baker McKenzie EXO Travel (Vietnam) Vietnam Ken Atkinson Vice Chairman, Vietnam Tourism Advisory Board Colin Pine General Director, Ho Tram Grand Danny Tse Head of Hotel
      95 words
    • 36 6 Mcrr*^ "Si Dear Dad 9 A Father’s Day gift to mako you smile*. HiSftH photobank.com.sg/promo.html 'Mils Beep c S EE ur All images used are for illustrative purposes only. Individual features may vary. SfJl PHOTOBANK FotoHub
      36 words

  • Page 7 Advertisements
    • 212 7 I 1986-2016 Design is now CD«A INTERIOR DESIGN CONSULTANTS IT IS NEVER EASY TO SAY GOODBYE TO AN ESTABLISHED NAME BUTTHETIME HAS COME WITH ASSOCIATES AROUND THE REGION WE WILL PUSH BOUNDARIES TO SHED NEW LIGHT The first 30 years was a journey through which we gained wisdom to prepare
      212 words

  • Page 8 Advertisements
    • 488 8 InvestorRelationsHighlights AsiaMedic strengthened management team with new Chief Executive Officer Taking over the helm of AsiaMedic Limited (“AsiaMedic”) on 10 Jun 2016, Mr Choo Kin Poo will lead AsiaMedic forward in executing its growth strategies and plans. Mr Choo has over 18 years of experience spanning strategy and planning, business
      488 words
    • 50 8 J U N 1 6 30THURSDAY SPH News Centre 9.30am to 6.00pm TRANSFORMATION OF LIFE WITH MINDFULNESS Trainer Yeo Chong Yuen Early Bird by 25 Jun$489 Price From 26 Jun$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops STJOBS LEARNING
      50 words
    • 15 8 Keep calmm and drink k pi Grab a copy at all good bookstores and www.stpressbooks.com.sg
      15 words
    • 50 8 comex SINGAPORE’S BIGGEST I.T. AND CONSUMER ELECTRONICS EXHIBITION BOOK YOUR SPAREl SELL YOUR TECH PRODUCTS 5 SERVICES TO THOUSANDS OF CONSUMERS DIRECTLY 8-11 SEP 2016 SUNTEC SINGAPORE L3.4&6 tradE-IN STAR BUYS-GAMEX RESERVE YOUR BOOTH] Tel: 6747 4620 Kl sales@exhibitsinc.com.sg www.comexshow.com.sg n ComexITShow ORGANISED BY: Exhibits Inc A SUBSIDIARY Of Sfh
      50 words
    • 17 8 it^axfsin THOUGHTS OF A BLOGGER: IMMERSE YOURSELF IN THEIR STORY SCAN&READ ;Vi0 Chinese Language Content Hfiiz mmmi
      17 words

  • Page 9 Advertisements
    • 983 9 (a business trust constituted on 7 May 2012 under the laws of the Republic of Singapore) Registration Number: *****04 Managed by Croesus Retail Asset Management Pte. Ltd. (a company incorporated in Singapore on 1 March 2012) (Registration Number *****5175K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an
      983 words
    • 190 9 fmg Formation I Compliance I Advisory We help you set up your company anywhere with speed and ease y Manage your local and global compliance •y Facilitate bank account opening •y Assist with government grants and licenses Support with recruitment, HR advisory and work pass applications •y Source for office
      190 words



  • Page 12 Advertisements
    • 91 12 SGX^ Research like a pro. Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation, in relation
      91 words

  • 1398 13  -  Singapore Management University Associate Professor Tan Hwee Hoon shares her tips on managing a Gen Y workforce and building trust with employees A Special Feature Brought to You By Singapore Management University Generation y employees, used to describe those in the workforce born in the 1980s
    1,398 words
  • Page 13 Advertisements
    • 216 13 Capture global perspective with the mastery of Asian business. Riding on Asia’s rapid growth and great expectations for continued prosperity, the SMU EMBA is designed especially for the global senior leader who is interested in business innovation and growth. With inputs from over 100 business leaders in Asia, our curriculum
      216 words
    • 24 13 This is a monthly series brought to you by the Singapore Management University. Next month’s feature will discuss privacy of data in the cloud.
      24 words

  • REAL ESTATE
    • 860 14  -  SRX flash estimates for May show price sub-index for CCR up 4.7 per cent y-o-y, and volumes seeing uptrend By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SRX Property’s resale price sub-index for non-landed private homes in Core Central Region (CCR) in May 2016 was
      860 words
    • 602 14 BLOOMBERG Sydney FOREIGNERS buying homes in Sydney will face a new property tax from next week when New South Wales becomes the second state in Australia to impose such a duty as soaring demand from China helps drive record prices. Australia’s most
      BLOOMBERG  -  602 words
    • 264 14 REUTERS Ottawa CANADA’S housing regulations should be further tightened and regionally targeted to help cool real estate markets that are booming in some of its major cities, a report from the Organisation for Economic Co-op-eration and Development (OECD) recommended on Monday. A
      REUTERS  -  264 words
    • 592 15  -  Paris takes top spot while London is in third place in ranking by Solidiance By Nur Sabrina Azmi nsazmi@gmail.com Singapore PARIS, Singapore and London hold the top three spots in a ranking of global cities for green buildings in a recent
      592 words
    • 598 15 BLOOMBERG Washington AMERICAN farmers who expanded production using rented land during the commodity boom a few years ago are now struggling to repay loans. A crop glut has eroded prices and sent profit to a 14-year low, but rents have
      BLOOMBERG  -  598 words
  • Page 14 Advertisements
    • 249 14 gfti rewards BA i re Q Q 3 j e t. c with r> -;nn:;rflraiLrjrT CO III SIR MIS I IMIS Tw-;i zsa 4m B.rg 188 s?< C '..H £1* Discover more exclusive perks and exciting deals at www.sphrewards.com.sg THE STRAITS TIMES LIANHE ZAOBAO THE BUSINESS TIMES BERITA HARIAN THE
      249 words

  • Page 15 Advertisements
    • 266 15 (@)JUInternational Residential Property Services +65 8125 7636 Vanessa Chan SISV Real Estate Masterclass 2016 A Journey of Enlightenment: Real Estate Practices in Singapore and Emerging Markets 11 th to 13 th July 2016 Venue: Singapore Management University Distinguished Lecturers Organised by Ong Choon Fah Regional Head Consulting and Research DTZ
      266 words
    • 36 15 PAYA UBI INDUSTRIAL PARK m II 7TSWI He illi Located at Ubi Avenue 1 1,168 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11
      36 words
    • 1485 15 INTERNATIONAL BUILDING THE CONCOURSE (ORCHARD ROAD) (BEACH ROAD) Office:893 1,184/ 1,485 1,884/ 2,551 Office: 355 to 1,417 sq ft Shop/F&B: 753 to 3,660 sq ft Also suitable for Clinic/Medical Suites Newly-renovated Office Lift Lobbies Toilets Next to Shaw House/lsetan Scotts (outside ERP gantry) Minutes walk to Orchard MRT station Tel:
      1,485 words

  • BANKING & FINANCE
    • 508 16 It hopes platform will set benchmark prices in future BLOOMBERG Shanghai HONG Kong Exchanges Clearing Ltd, which bought the London Metal Exchange in 2012 for US$2.2 billion, plans to start a metals trading platform in the first half of next year in
      BLOOMBERG  -  508 words
    • 1084 16 BLOOMBERG London INVESTORS contemplating how London could look outside the European Union have already identified some potential victims: fast-growing British lenders that might have to face their first economic downturn as public companies. Billionaire Richard Branson’s Virgin Money Holdings UK Plc and small lenders
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,084 words
  • Page 16 Advertisements
    • 706 16 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
      706 words

  • ENERGY & COMMODITIES
    • 590 17 Bloomberg New Energy Finance’s findings indicate a further challenge to the traditional utility business model BLOOMBERG London BATTERIES capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionising the
      BLOOMBERG  -  590 words
    • 426 17 BLOOMBERG London EGYPT looks set for another season of expensive grain. Traders are casting a wary eye on the largest wheat importer after it again turned away cargoes because of fungus in shipments. Many boycotted Egypt’s international tenders earlier this year
      BLOOMBERG; PHOTO: BLOOMBERG  -  426 words
    • 418 17 BLOOMBERG Tokyo JAPAN, faced with increasing calls from environmentalists to phase out coal, is standing by its support of the fossil fuel, saying it will help developing countries adopt the best available technologies for coal-fired power plants. Pressure to rein
      BLOOMBERG  -  418 words
  • Page 17 Advertisements
    • 26 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
      26 words

  • TECHNOLOGY
  • Page 18 Advertisements
    • 121 18 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 GOODIE BAG WORTH OVER $750 Get a Ice Chrono Electrik Watch worth $300, Golfing Vouchers from The Dalat at 1200, Laguna Bintan and TMCC, a Fenix Golf
      121 words

  • CONSUMER
    • 768 19 US$5.5b resort opens amid weak economic growth, banking on China’s burgeoning middle class AFP Shanghai THE Magic Kingdom comes to the Middle Kingdom this week when Disney opens its first theme park in mainland China, betting the growing middle class will
      AFP; PHOTO: BLOOMBERG  -  768 words
    • 527 19 BLOOMBERG Singapore LOTTE Group, South Korea’s fifth-larg-est family-run conglomerate, is under growing pressure to bolster its du-ty-free shopping business after shelving one of the year’s biggest initial public offerings in the midst of a deepening crisis. Hotel Lotte Co, one of the
      BLOOMBERG  -  527 words
    • 319 19 AFP Washington A DIET that includes three daily servings of whole grains appears to help people live longer, including by reducing the rates of death from heart disease and cancer, according to findings released on Monday. For each 16-gram serving of
      AFP  -  319 words
  • Page 19 Advertisements

  • GOVERNMENT & ECONOMY
    • 696 20 NYT Paris THERE is a back story to the strikes that have made life miserable for millions across France in recent weeks, and it isn’t about high unemployment, immigration or the other issues confronting the country and its increasingly unpopular president,
      NYT  -  696 words
    • 259 20 REUTERS Dubai ABU Dhabi’s state-owned International Petroleum Investment Co (IPIC) said on Tuesday it has asked a London court to arbitrate in a dispute with Malaysian state fund 1 Malaysia Development Berhad (1MDB) in which IPIC is claiming about US$6.5 billion. The
      REUTERS  -  259 words
    • 967 20 It next decides on policy on Thursday; economists expect no change amid preparation for adoption of new benchmark BLOOMBERG Jakarta WHEN inflation pressures began surging just as he took the helm of Indonesia’s central bank, Agus Martowardojo didn’t hesitate to plant his
      BLOOMBERG; PHOTO: REUTERS  -  967 words
    • 703 20  -  IMF mission also calls for “greater urgency” in implementing remaining reforms By Anthony Rowley btworld@sph.com.sg Tokyo CHINA is making “impressive but uneven” progress in its major economic reform drive, an International Monetary Fund (IMF) mission reported on Tuesday while calling for “greater urgency” in
      PHOTO: REUTERS  -  703 words
  • Page 20 Advertisements
    • 627 20 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF KING-REPA TRADING (S) PTE LTD (Incorporated in Singapore) (Company Registration No.: *****5508R) STATUTORY DECLARATION BY DIRECTOR OF COMPANY OF ITS INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, Ng Siew Bee (NRIC No.: S*****47C)
      627 words

  • TRANSPORT
    • 585 21  -  Honda distributor sees stronger HR-V sales with the change in source country from Thailand By Samuel Ee samuelee@sph.com.sg Singapore SINGAPORE’S No 1 car model is the parallel imported Honda Vezel but that could change soon. Authorised Honda distributor Kah Motor will
      PHOTO: HONDA  -  585 words
    • 965 21  -  EU attempt to foist its standards on others gives low-standard yards an advantage STRAIT TALK BY DAVID HUGHES SHIP scrapping, or “recycling” as it has come to be more politely called over the past couple of decades, is a hot topic right now. In a nutshell,
      965 words
    • 596 21  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur WHAT’S in a name? asked Shakespeare’s Juliet. Plenty, going by the current brouhaha between budget airline group AirAsia and Malaysia Airports Holdings Bhd (MAHB) over how the main low-cost terminal should
      PHOTO: REUTERS  -  596 words
  • Page 21 Advertisements
    • 1531 21 NOTICES (Incorporated in the Republic of Singapore) (Company Registration No. *****0181W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of UNION STEEL HOLDINGS LIMITED (the “Company”) will be held at 33 Pioneer Road North, Singapore *****4 on 30 June 2016 at 10.00 a.m.,
      1,531 words

  • OPINION
    • 602 22 EDITORIAL MALAYSIA’S national car project Proton, rolled out under an industrialisation agenda in the 80s by the South-east Asian tiger economy, is bent on a revival plan after securing RM1.5 billion (S$495 million) from the government
      602 words
    • 803 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1. THE Chinese Communist Party finds itself in a dilemma: Should it rejoice over the decline this year in the
      803 words
    • 1470 22  -  Weak growth intensifies protectionist pressures, which further weakens growth prospects and makes the slow-growing process self-feeding. By Anthony Rowley Tokyo GROWTH rates in the global economy are as lift attendants in department stores say as the elevator descends “Going down, going down”. There is
      PHOTO: REUTERS  -  1,470 words
    • 1087 23  -  COMMENTARY By Yogi Aggarwal T The writer is a Mumbai-based journalist. WHEN Indian Prime Minister Narendra Modi declared during his speech to the combined houses of Congress at Capitol Hill in Washington last week that India and the US had “overcome the
      1,087 words
    • 739 23  -  COMMENTARY By Ron Totton T The writer is managing director, South-east Asia, BT Global Services. WE’RE standing on the threshold of what the World Economic Forum calls the “Fourth Industrial Revolution”. The prospect is exhilarating. Technology is fast reshaping
      739 words
    • 1393 23  -  Trump’s anti-Muslim rhetoric seen as being more receptive now among American voters By Leon Hadar Washington SO here is the kind of reaction one expects from people, Americans and non-Ameri-cans, who have been following the images of the horrific
      PHOTO: REUTERS  -  1,393 words


  • Page 24 Advertisements
    • 2029 24 the Business times SHIPPING TIMES C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong ~Ho Chi Minh H o n g J e b e l A i K o NYK
      2,029 words
    • 244 24 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 262 PRW067 16/06/2016 17/06/2016 Perawang/Perawang DAILY Marco Polo 152 BST022 16/06/2016 17/06/2016 Buatan/Buatan DAILY Marco Polo
      244 words

  • LIFE & CULTURE
    • 572 25 REUTERS London AT first glance, the most innovative universities in Europe don’t appear to have much in common. Some are Catholic schools, some are secular, others are state-run and some are private. One is 920 years old. Another has been
      REUTERS  -  572 words
    • 799 25  -  Asian pro wrestlers are dreaming of stardom with their WWE-style entertainment. BY SATISH CHENEY entertainment.BY SATISH CHENEY AFP Kuala Lumpur KENNETH Thexeira is a mild-mannered writer for an interior-design magazine by day, but on certain nights his alter ego bursts forth in golden tights and a ba-by-blue
      AFP; PHOTOS: AFP  -  799 words
    • 520 25 AFP New York ITALY’S Osteria Francescana was crowned world’s best restaurant of 2016 at an awards ceremony in New York on Monday, the first Italian establishment to win the annual accolade. Run by chef Massimo Bottura, Osteria Francescana pipped last year’s winner, Spain’s El Celler
      AFP  -  520 words
  • Page 25 Advertisements
    • 20 25 Going upscale not the way for shopping malls to draw back customers? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      20 words
    • 115 25 V OFFIC ASIA 2016 29 JUNE -1 JULY Level 1, Hall A, Sands Expo Convention Centre Marina Bay Sands, Singapore Transform your business with complimentary on-floor seminars conducted by industry experts! Building Business Capabilities for Growth Leveraging Cloud-based Technology for Small Businesses Reshape the SME Employee Experience The Role of
      115 words
  • Page 25 Miscellaneous
    • 317 25 CRYPTIC CROSSWORD Across 1 Where one’s likely to drive after the service (6,5) 9 Too greatly tempted, resulting in being in the red (9) 10 Get in a tangle and express displeasure (5) 11 Moves that may result in unsound mate on board (6) 12 Stopped and taken into custody
      317 words

  • EXECUTIVE MONEY
    • 1264 26  -  Wall Street, which is used to calling the shots, is now forced to sweeten deal with investors and even share the pie. BY ALEXANDRA STEVENSON BY ALEXANDRA STEVENSON NYT HEDGE fund titans once ran their firms like elite private clubs, picking who made it
      NYT; PHOTO: REUTERS  -  1,264 words
    • 740 26 BLOOMBERG New York JACKSON Pollock’s US$25 million drip painting and Gerhard Richter’s US$20 million abstract canvas are expected to lure billionaires, including Paul Allen and Eli Broad, at the world’s largest modern and contemporary art fair this week in
      BLOOMBERG; PHOTO: AFP  -  740 words
    • 473 26 ON THE RADAR GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to June 8. Based on transactions in the top five stocks, there were net sells of S$935.1 million, compared to net buys of
      473 words