The Business Times, 20 June 2016

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1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, June 20, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    230 1 Yamato Asia is looking to embark on a trial of an open locker system here to facilitate deliveries of parcels to consumers.TOP STORIES 2 US stock markets could see heavy trading and increased volatility as investors position for this week’s referendum on whether Britain remains in the European
    230 words
  • Article, Illustration
    Lock icon Logistics players ponder the industry’s future as deliveries grow
    950 1  -  Govt and academia helping shape future of sector with new models raising efficiency SINGAPORE’S FUTURE ECONOMY By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore WINNING the last mile: that’s what it’s all about as logistics players everywhere compete to stay relevant in the
    BT Graphics: Andrea Lee, Soon Weilun  -  950 words
  • Article
    Lock icon Tracing the global market thread that Brexit could unravel
    809 1 London IF Britons vote to take their country out of the European Union (EU) on June 23, no corner of the global financial market complex will emerge unscathed. The invisible thread that links assets as diverse as gold, bank stocks, the
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,763.42 -59.55 KL COMP 1,624.18 -17.04 NIKKEI 225 15,599.66 -1,001.70 HANG SENG 20,169.98 -872.66 SHENZHEN B 1,075.60 -12.83 DOW 17,675.16 -190.18
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      Lock icon Page 1 Advertisements Column 1
      67 1 8 "887 1 8 1 *****1 TI1E BUSINESS TIMES V. V 'Q v' 5 0 <7 f w ROLEX OYSTEmPERPETUAL SUPERLATW CHRONOMETER OFFICimY CERTIFIED 4 =3 B o > i v; rs V/ i S *VISS MAP® OYSTER PERPETUAL YACHT-MASTER I i ROLEX ‘■V> Cortinawatch CHINATOWN POINT, #01-08/09. TEL: 6702
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      12 1 BT SPECIAL SUPPLEMENT Celebrating the Teochew business spirit TEOCHEW ENTREPRENEUR AWARD 2016/17-22
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      27 1 CYBER SECURITY How does your organisation safeguard itself against cyber attacks? views from the top /14-15 NEW RESTAURANT Showcase of Scottish ingredients at UsQuBa DINING OUT 29
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      24 1 Yamato Asia exploring open locker concept in Singapore, Page 2 Heavy trading predicted around Brexit vote, Page 2 Odds on Brexit narrowing, Page 3
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  • TOP STORIES
    • Article, Illustration
      Lock icon 2000: Millennium bug bites
      344 2  -  Shakeouts seen in tech, stockbroking, banks. banks.BY JACQUELYN CHEOK INGAPORE might have survived Y2K, the programming bug that threatened the operations of global corporations due to fears that computers would not correctly interpret the new year as 2000. But that start-of-the-year relief soon yielded to three
      BT Graphics: Andrea Lee  -  344 words
    • Article, Illustration
      Lock icon Heavy trading predicted around Brexit vote
      625 2 REUTERS New York US stock markets could see heavy trading and increased volatility as investors position for this week’s referendum on whether Britain remains in the European Union (EU). The June 23 vote could have big implications for the global economy and US stocks.
      REUTERS; PHOTO: BLOOMBERG  -  625 words
    • Article
      Lock icon Yamato Asia exploring open locker concept in Singapore
      697 2  -  Operator of Ta-Q-Bin delivery service is speaking to interested parties regarding system By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore YAMATO Asia is looking to embark on a trial of an open locker system here to facilitate deliveries of parcels to consumers, even as
      697 words
    • Article, Illustration
      Lock icon When the knockout round begins, it’s win or go home
      741 2  -  EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT THE Euro 2016 tournament in France reaches a critical juncture this week. It’s time for 16 of the 24 teams to move on to the knockout round, while the other eight have
      PHOTO: AFP  -  741 words
    • Article
      Lock icon Odds on Brexit narrowing
      454 3  -  Remainers can no longer bet on a sure victory COMMENTARY By William Keegan T The author is Senior Economics Commentator at The Observer newspaper and a member of the Advisory Board of the Official Monetary and Financial Institutions Forum, an independent research and advisory group on
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    • Article, Illustration
      Lock icon UBS seeds communities to grow
      683 3  -  COMPANY OF GOOD By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore THE Swiss bank that serves the wealthy also invests for another important client: society. “It’s about us investing,” Leona Tan, managing director, and community affairs and diversity inclusion adviser at UBS, told BT in an interview.
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  • Page 3 Advertisements
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      325 3 V i > ff Paradise Teochew Restaurant ZT 2nd Outlet Opening Paradise Teochew Restaurant second outlet is now open at Scotts Square level 3! Offering a lavish array of traditional and exquisite Teochew style signatures, diners will certainly enjoy the authentic and delectable Teochew cuisine, coupled with a variety of
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon GLP’s prospects brighter than what analysts think
      1302 4  -  Group CEO Ming Z Mei allays fears that a slowdown in the company’s key China market will hurt its financial performance.BY LYNETTE KHOO TOPLINE performance.BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT GLOBAL Logistic Properties Limited (GLP) may well be a misunderstood stock, as far as
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    • Article, Illustration
      Lock icon GLP sees lot more room for fund business
      625 4  -  By Lynette Khoo Global Logistic Properties (GLP) is revving up growth through its fund management platform, with plans afoot to further expand in the US by acquiring asset portfolios in the billion dollar range, said group CEO Ming Z Mei. GLP is
      Source: GLP  -  625 words
    • Article, Illustration
      Lock icon Board performance dashboard
      942 6 It’s an enterprise wellness indicator that guides and prompts the board to assess, probe and, if necessary, reset direction. BY V RAMAKRISHNAN BOARDROOM MATTERS T The writer is a member of the Professional Development Committee of the Singapore institute of Directors IN A PREVIOUS article (“Governing for
      FILE PHOTO  -  942 words
    • Article
      Lock icon PRIME LENDING RATES
      251 6 Jun 17 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article, Illustration
      Lock icon STI / Catalist
      64 7 STI Catalist WEEKLY Straits Times Index June 17,2016 2,763.42 -59.55 (-2.11%) Current streak 1 day Week high 2,785.43 Week low 2,751.56 52-week high 3,353.45 (July 17, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index June 17,2016 434.87 -11.22 (-2.52%) Current streak 2 days Week high 439.28 Week
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    • Article
      Lock icon GAINERS
      78 7 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 245.8 1.5 *****/***** DBXT AUDBonds AU$ ***** 236.4 1.1 *****/***** DBXT iBoxxSing SG$ ***** 189.0 1.4 *****/***** DBXT S&PShort US$ 2053 40.5 1.5 2393/2022 Venture Corp 868 27.0 3.2 868/765 BY PERCENTAGE CLOSE UP 52w high/low Universal Res 17 88.9
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    • Article
      Lock icon LOSERS
      75 7 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -645.4 -2.3 *****/***** DBXT E50 US$ 4209 -556.3 -8.9 5249/3968 DBXT MSEurope US$ 5125 -532.0 -7.1 6127/4770 SPDR DJIA US$ ***** -318.7 -1.3 *****/***** Prudential USD 1689 -271.4 -10.6 2500/1689 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.2 -71.4
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 7 VOL CLOSE($) CHANGE Sitra 102,483.1 0.013 +0.001 +8.33 WE 28,500.0 0.004 -0.001 -20.00 Fabchem China 19.0 0.173 -0.005 -2.81 Plato Capital 6.0 0.072 -0.043 -37.39 Asia Fashion 16.0 0.131 -0.019 -12.67 Hong Leong Fin 365.2 2.150 -0.130 -5.70 Wee Hur 2,178.6 0.250 -0.010 -3.85 King Wan 420.0 0.170
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    • Article, Illustration
      Lock icon Tense it is ahead of the UK referendum
      652 7  -  STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT TO stay or not to stay, that is the question. Whether ‘tis nobler in the mind to suffer the slings and arrows of outrageous bureaucracy, or to say “no” against a sea of red tape and,
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    • Article
      Lock icon STI STOCKS
      305 7 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 236 +4 236/228 253 209 6.5 6224.1 CapitaCom Trust 140.5 -0.5 141/138 157.5 122.5 6.1 4153.7 CapitaLand 299 -4 302/294 358 267 12 3 ***** CapitaMall Trust 205 +1 205/201 224 184.5
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 7 Jun 17 VALUE CLOSE BT OB/OS -385.00 -69.00 BT CADI -*****.00 -56.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 660.95 -0.69 FTSE ST Small Cap 381.83 -4.35 FTSE ST All Share 675.00 +1.88 FTSE ST China Top 158.24 +1.15 FTSE ST China 187.36 +1.98 FTSE
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    • Article
      Lock icon MOST ACTIVE
      33 7 VOLUME Annica 642,802,100 Ezra 591,683,200 LionGold 326,994,900 Noble 257,769,800 Addvalue Tech 153,219,400 Market volume 7,851,641,000 VALUE DBS Grp 465,708,476 Singtel 388,484,942 UOB 235,480,687 OCBC Bank 234,024,118 CityDev 215,403,496 Market value 4,715,067,000
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    • Article
      Lock icon SGX ETFS Most Active
      111 7 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 281 -6 2312 283/279 343/254 280/281 DBXT MS SING US$ US110.4 -2.4 525 111.3/110.4 129.8/97.5 110.4/110.9 5.5 DBXT MSPAKIS US$ US204.8 +7.8 476 207.5/199 213.8/169.8 205.5/206.4 10 DBXT MSPHILS US$ US209.7 -1.7 370 210.1/205.9
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    • Article
      Lock icon COMPANY MEETINGS
      74 7 COMPANY MEETING PLACE DATE TIME Cheung Who Tech A 23 Tuas South Street 1 20-Jun 11.00am Jackspeed Corp A Nordic Conference Room 1st Floor No 3 Intl Business Park Nordic European Centre 20-Jun 10.00am Transit-Mixed A Connaught Room (Lvl 2) Carlton Hotel S'pore 76 Bras Basah Road 22-Jun
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 7 STI FTSE ST All-Share WEEKLY ftse ST All-Share index June 17,2016 675.00 -14.37 (-2.08%) Current streak 1 day Week high 680.80 Week low 673.12 52-week high 801.81 (July 17, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 7 STI MSCI EAFE WEEKLY MSCI EAFE index June 17,2016 1,595.33 -45.59 (-2.78%) Current streak 1 day Week high 1,609.73 Week low 1,568.83 52-week high 1,898.82 (June 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 11 2 0 1 0 4 12 2 Manufacturing 32 80 28 10 25 7 42 105 35 Commerce 18 37 10 2 14 4 20 51 14 Tpt/Stor/Comms 8 24 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 7 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 84,387 770 85,157 272,880 137 273,017 Manufacturing 419,803 1,138,988 1,558,791 414,153 6,306 420,459 Commerce 374,137 309,173 683,310 418,322 4,429 422,751 Tpt/Stor/Comms 972,588 4,278 976,866 849,307 368 849,675 Finance 124,818 294 125,112 1,006,508 35 1,006,543 Construction
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    • Article, Illustration
      Lock icon Copper faces tough future as Asia stockpiles rise
      453 7 COMMODITIES REUTERS Hong Kong COPPER stocks held in London Metal Exchange warehouses in Asia are set to jump by around 50 per cent in the next month, as the metal is shifted out or diverted away from top consumer China, industry sources
      REUTERS; PHOTO: REUTERS  -  453 words
    • Article
      Lock icon Sterling gains as risk aversion abates before vote
      412 8 CURRENCIES REUTERS New York STERLING rose by more than one per cent against the US dollar on Friday as traders evaluated whether the killing of pro-European Union (EU) British Member of Parliament Jo Cox may alter the balance of opinion in Britain’s
      REUTERS  -  412 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Jun 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.955 4.868 0.657 5.733 49.589 98.660 0.770 8.653 3.032 1.047 77.314 34.315 0.998 11.233 0.712 23.925 26.070 0.518 0.739 Canada 1.047 5.098
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Jun 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9975 0.9977 0.7387 0.7388 Canadian dollar 1.0445 1.0450 0.7738 0.7735 Euro 1.5188 1.5196 1.1248 1.1252 NZ dollar 0.9522 0.9526 0.7052 0.7054 Sterling pound 1.9273 1.9281 1.4273 1.4277
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Jun 17 S$ Bid Offer 1-month 1.3505 1.3510 2-months 1.3510 1.3515 3-months 1.3516 1.3520 6-months 1.3532 1.3538 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 8 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 8 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 8 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        4 8 19,000 WEEKLY
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Jun 17 $S Offer Bid 0vernight 0.03 Par 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.08 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 8 Jun 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.09 5-Year NX*****X 2.250 01-Jun-21 103.2 103.45 103.10 10-Year NX*****F 2.125 01-Jun-26 100.3 101.00 100.00 15-Year NZ*****F 2.875 01-Sep-30 105.98 106.15 105.85 20-Year NZ*****V 3.375 01-Sep-33 112.87 113.38 112.65
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        393 8 Jun 17 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9145.00 9272.50 9100.00 9205.00 *****8 *****0 Jul16 9027.50 9137.50 8972.50 9077.50 5960 7885 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec16 *****.00 *****.00 *****.00 *****.00 554 4057 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        209 8 Jun 17 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 1.5 unch ***** 1 1 1.67 54 DBS MB eCW*****1 9.3 unch 7540 0.1 1620 4 FTSEChinaA50 9000 MBePW*****0 9.4 -0.4 4720 0.0 2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 8 In local curr In S$ In US$ dy yr dy yr dy yr Jun 17 Index Change Change Change Change Change Change World Preliminary 1231.3 0.0 -3.6 0.1 -6.5 0.3 -1.8 EAFE Preliminary 901.3 1.0 -11.1 1.4 -11.5 1.7 -7.0 Europe Preliminary 1285.0 1.2 -9.0
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 8 Jun-17 Price Net change change Last Trade Agricultural Jun-17 CBOT Soybeans (US cents/bu) 1159.50 25.00 2.20% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.93 0.77 2.47% 14/07/2016 CBOT Wheat (US cents/bu) 481.25 8.75 1.85% 14/07/2016 Jun-17 LIFFE Cocoa (£/tonne) 2286.00 -10.00 -0.44% 14/07/2016 LIFFE Coffee (US$/tonne) 1645.00 32.00 1.98%
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    • Article
      Lock icon Buying by directors surges, selling resumes
      1656 9  -  Buyback activity falls with 17 companies posting 79 repurchases worth S$46.9m compared to 18 companies, 94 transactions and S$70.6m previously INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited. THE buying by directors rebounded sharply while sellers got back
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      953 9 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl by 448.600 22-Mar 24-Mar 15-Jul 17-Mar Accordia Golf Tr aj 4.310 09-Jun 13-Jun 21-Jun 26-May Acromec Ltd aw 0.300 08-Jul 12-Jul 20-Jul 02-Jun AEM Hldgs aw 0.500 05-Jul 08-Jul 22-Jul 03-May Aims Amp Cap Ind Reit
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1219 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.07 9.06 0.92 0.59 AIMS AMP Cap Industrial Reit 1.00 1.00 4 0.11 12.25 1.50 1.33 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      2003 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week 151.5 127 AIMSAMP Cap Reit 133.5 -4.5 993 138 133.5 0.9 8.5 849.7 Div 170.7 101 ARA Asset Mgmt 134.5 -8.5 2709 142
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    • Article
      Lock icon SGX CATALIST
      361 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week Div GrYld 0.9 0.2 t Advanced Systems 0.2 unch 1 0.2 0.2 5.3 MCap High LOW 19.9 8.3 t Anchor Resources 11.3 +0.8 ***** 12.1 10.3 31.6 Sale
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    • Article
      Lock icon SGX ETF
      189 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1293 991 CIMBASEAN40 S$D 1106 -42 0 1106 1106 957 700 CIMBASEAN40 US$ US812 -31 2 820 812 127.4 3942 2355 DBXT China50 US$ US2713 -87 63 2771
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      47 4 OUT NOW A V A I L A B L E AT K I N O K U N I YA M PH TIM ES BOOKSTORE THE PEAK SELECTIONS: GOURMET AND TRAVEL DIGITAL EDITION IS AVAILABLE ON MOBILE DEVICES CONNECT WITH THE PEAK AT WWW.THEPEAKMAGAZINE.COM THEPEAKSINGAPORE GOURMETANDTRAVEL
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  • WEALTH PLANNING
    • Article, Illustration
      Lock icon A smarter way of seeking returns
      971 5  -  Investors need to adopt more sophisticated strategies to generate returns in the face of prolonged volatility. BY FRANCIS KAN AS global markets continue to be roiled by uncertainty, a growing number of high net worth individuals are starting to shift their focus away from
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  • Page 5 Advertisements
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      109 5 Brought to you by BANKOFSINGAPORE Asia's global private bank What can we give a man who has everything? L 1 >. We give him the time to give back. Our strong team of specialists works to offer quality advice and provide the right solutions to help you achieve your financial
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      416 6 4XPO ASA 2016 29 JUNE -1 JULY MARINA BAY SANDS f Opens next 10.30am 6.30pm (Wed Thu) 10.30am 5.30pm (Fri) Level 1, Hall A B, Sands Expo Convention Centre \WednesdayT L printpack+sign W 2 0 16 K OFFICE TECHNOLOGY AUTOMATION BUSINESS SOLUTIONS WORKSPACE DESIGN ERGONOMICS I JA4PRKF0&GE DEVt /ELOPMENT INK
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      Lock icon Page 6 Advertisements Column 2
      7 6 T For more articles, go to btd.sg/BMatters
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  • Page 10 Advertisements
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      71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      161 11 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices In the Matter of The Companies Act, Cap. 50 And In the Matter of THUNDERHEAD PTE LTD CO. REG. NO. *****8957H (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
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      Lock icon Page 11 Advertisements Column 2
      313 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF METRO COOL SHIPPING PTE. LTD. (IN LIQUIDATION) COMPANY REGISTRATION NO.: *****8412H FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that a final meeting of the members of the
      313 words
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      Lock icon Page 11 Advertisements Column 3
      169 11 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BERTELLI HOLDING PTE. LTD. (IN LIQUIDATION) (Company Registration no. *****0133G) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Fintech: banks at an ‘Uber moment’
      2165 12 Technology is changing the business of finance, and a Citi GPS report details the various challenges, especially to the industry in the West FINANCIAL technology, or fintech, is changing the world of finance. In the US and Europe, we are at a tipping point,
      PHOTO: REUTERS  -  2,165 words
  • Page 12 Advertisements
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      113 12 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • Page 13 Advertisements
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      102 13 NEW CARS SGCARMART SPOILTFORCHOICE Latest pricelists info for all the new cars from distributors parallel importers. Don’t miss the daily promotions from major car brands! USED CARS Over 10,000 cars for your choice, covering 95% of the market. There’s always a fantastic deal lying around! DOWNLOAD OUR APP If you
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Guarding against cyber attacks
      4738 14 THIS WEEK’S TOPIC: How does your organisation ensure cyber security? Yeoh Oon Jin Executive Chairman PwC Singapore PWC Singapore takes cyber security threats very seriously. We approach cyber security on a holistic basis, that is, focusing on proper governance, educating and training our people, deploying effective
      PHOTO: FREEIMAGES  -  4,738 words
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  • BANKING & FINANCE
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      34 16 “One of our most thoughtful writers. I read all his columns with pleasure and benefit.” PROFESSOR TOMMY KOH Ambassador-at-Large at the Ministry of Foreign Affairs Now on sale at all major bookstores and www.stpressbooks.com.sg
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      Lock icon Page 16 Advertisements Column 2
      50 16 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
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  • TEOCHEW ENTREPRENEUR AWARD 2016
    • Article, Illustration
      Lock icon Celebrating the Teochew business spirit
      876 17  -  The inaugural Teochew Entrepreneur Award honours the best of Teochew entrepreneurs and their values. REPORTS BY LOH HUI YIN There are many awards in Singapore these days that confer recognition on established businessmen, aspiring entrepreneurs and well regarded professionals. The inaugural Teochew Entrepreneur Award, however,
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    • Article, Illustration
      Lock icon Top 3 winners of Prestige Award
      417 17 Lennon Tan Executive chairman group CEO Jing King Tech Holdings Never lose a card. Never disclose data. It is a credo that underpins Jing King Tech which is among the top 10 global smartcard producers. The ability to safeguard client information is important: it
      417 words
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      Lock icon Top 3 winners of Promising Award
      299 17 Gerard Er Founder GE Lines GE Lines has come a long way since its establishment 10 years ago when it lacked startup capital, network and branding. Taking advantage of Singapore’s well-developed port infrastructure and geographic location, GE Lines is today a one-stop logistics solutions
      299 words
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      Lock icon Turning adversity into opportunity
      997 18 Eng Liat Kiang, 97-year-old founder-chairman of diversified Sin Heng Chan Group, shares the values behind the longevity of his business Hardship does not exist in the lexicon of Eng Liat Kiang, the founder-chairman of Sin Heng Chan Group which has diverse businesses ranging from cement plants
      997 words
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      Lock icon Getting up close and personal
      2224 20 Q: What are your company’s core business activities? Lennon Tan: We are a Fintech and Trusted Services company for banking, financial institutions and government agencies. Edwin Ng: Founded in 1967, Markono provides print and supply chain solutions for high value content. Our customers include the
      2,224 words
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      309 18 11 EYE SURGEONS 6 CLINICS 8 S U B S P E C I ALT I E S Lasik& Refractive Surgery Implantable Contact Lens presbyopia Management Glaucoma Services Cataract Surgery Corneal diseases Transplant Ocular Inflammation Uveitis Treatment Oculoplastics, Orbit Lacrimal Surgery Eye Screening Services Eagle Eye Centre Run by Doctors,
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      135 20 Congratulations to Mr Patrick Koh Hwee Meng Managing Director of QXY Resources Pte Ltd on being awarded Teochew Entrepreneur Award 2016 PRESTIGE AWARD WINNER •fid 212 N c A ASV-QXY Skills Test Centre (Hyderabad) 7> Design Build Addition Alteration wr TV y~ a InnoVention fcNOINfc&RINO 8 V a. Interior Fit-out
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      188 21 a '(Hw> ’nchbutiuHis tub Mr. Lennon Tan Chairman of Jing King Tech Group of Companies for being awarded the Teochew Entrepreneur Award (Prestige) 2016 Teochew Entrepreneur Award MA&i 2016 PRESTIGE AWARD WINNER Jing King Tech Group is a FinTech and trusted services and solutions company providing: Smart Cards and Solutions
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      249 22 1 8 t r v "5*. 9 r Teochew Entrepreneur Award 2016 A Leader In Powerful Pest-free Solutions Dedicated to providing innovative pest management solutions to keep environments cleaner, safer and healthier, AgroTechnic Pte Ltd is honoured to be conferred the Teochew Entrepreneur Award (TEA) 2016. Key Drivers of Innovation
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  • ENERGY & COMMODITIES
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      Lock icon Canada’s oil industry seeks game-changing technology
      910 23 Amid cheap crude and rising demands for cleaner energy, the country’s oil sands look dirty and expensive WP Washington HARBIR Chhina helped develop the game-changing steam technology that allowed companies to tap the world’s third-largest reserves in Canada’s oil sands. It was a moonshot
      WP  -  910 words
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      Lock icon Israel builds world’s tallest solar tower in desert
      824 23 AFP Ashalim, Israel IN THE middle of southern Israel’s desert, engineers are hard at work building the world’s tallest solar tower, reflecting the country’s high hopes for renewable energy. Once completed in late 2017, the Ashalim Tower will rise to 240 metres,
      AFP; PHOTO: AFP  -  824 words
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      Lock icon World’s largest robots for mine trains fail to deliver
      729 23 BLOOMBERG Melbourne CREATING the world’s largest moving robots to transport iron-ore across the vast Australian Outback is proving more complex and time-consum-ing than expected for Rio Tinto Group, fuelling doubts the technology can deliver promised returns as major rivals defer similar
      BLOOMBERG  -  729 words
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      27 23 How much money have you made on your home? Kn S-100K 1 2008 2009 2010 2011 2012 2013 2014 2015 2016 my Capital Gain $104,000 (12.68%) SRX.com.sg/property-tracker
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      137 23 The preferred gifts fair in town! VlSGPFair Singapore Gifts Premiums Fair 2016 29 JUNE 1 JULY Level 1, Hall B C Sands Expo Convention Centre Marina Bay Sands, Singapore The Premier Platform for Gifts Sourcing Pick-up useful tips with on-floor seminars conducted by industry experts! 1 Are you doing digital
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      191 23 This book guides us through the REITs investments in a step-by-step and comprehensive manner. Coupled with actual case studies of REITs in Singapore, you will learn the methods to grow your wealth with the higher dividend/investment returns from REITs. Investing in REITs is equivalent to investing in properties, but with
      191 words
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  • TECHNOLOGY
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      Lock icon SMEs have benefited much from cloud computing: GSTF head
      611 24  -  It has enabled them to leverage on infocomm technologies to get huge gains without need for dedicated ICT teams By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore CLOUD computing has allowed for small and medium enterprises (SMEs) to be able to leverage on
      PHOTO: AIDAN LOO  -  611 words
    • Article
      Lock icon Cybercurrency project comes under hacker attack
      679 24 NYT New York A HACKER appears to have moved digital money worth more than US$50 million from an experimental virtual currency project that recently raised more than US$150 million all of it in the form of Ether, an alternative cybercurrency to Bitcoin. An organiser
      NYT  -  679 words
    • Article
      Lock icon Microsoft-funded professor builds software to fight terrorism
      678 24 BLOOMBERG New York DARTMOUTH College computer science professor Hany Farid using funding from Microsoft Corp has developed technology to help scrub extremist content from the Internet. Working with the non-profit think tank Counter Extremism Project (CEP), Prof Farid built software capable of identifying
      BLOOMBERG  -  678 words
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      Lock icon Aircraft maintenance needs high-tech lift-off
      808 24  -  YOU SAY BY VIRENDER AGGARWAL T The author is CEO at Ramco Systems DESPITE rapid innovation in the aviation industry over the last few decades from advanced aerodynamics and composite materials to making planes lighter yet stronger the technology to support on-ground engineers maintaining and
      808 words
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  • CONSUMER
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      Lock icon Angst grows over agrochemical mega-mergers
      724 25 Farmers fear higher prices and consumers are worried about more genetically modified food AFP Paris THREE mega-mergers in the agrochemical sector, including Bayer and Monsanto, have raised concerns among farmers who fear higher prices and consumers more genetically modified food. Even before Bayer successfully woos
      AFP  -  724 words
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      Lock icon Viacom director has uphill battle in case against Redstone
      1028 25  -  By Steven Davidoff Solomon NYT New York IT’S ALL up to a Delaware court now. In the most telegraphed corporate move of the year, National Amusements, the company controlled by Sumner Redstone, moved to remove five directors of Viacom, including Philippe
      NYT; PHOTO: AFP  -  1,028 words
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      Lock icon From oblivion rises an Italian white star
      870 25 AFP Offida, Italy IT IS the rising star of Italian wine, a greeny-gold white starting to earn an international reputation for its distinctive minerally edge and ageing potential. Yet pecorino, which shares its name with one of Italy’s best-known cheeses, might not even
      AFP; PHOTO: AFP  -  870 words
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      15 25 Developers offer deferred payment to woo buyers To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      54 25 SINGAPORE Q UALIFIERS presented by 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 SINGAPORE QUALIFIERS 20, 26 JULY 2016 SINGAPORE FINALS 2 AUGUST 2016 ENTRY FEE $480 GOODIE BAG WORTH OVER $750 VENUE TANAH MERAH
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  • TRANSPORT
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      344 27 M > f 1 3 11i M f< ST JOBS CAREER& DEVELOPMENT2016 JT’S ALL ABOUT future U Future Leaders Summit 2016 (Jul) leaders Powered by NTUC ST Jobs Sat'S: 1 ■iWB Uv-i Si an NTUC nitiative FUTURE-READY CAREERS AMID GLOBAL TRANSFORMATION Amidst globalisation, digitisation and technological advancements, have you ever
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      1123 28 THE BUSINESS TIMES Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR COSMIC ACE 010 100 29/6 1/7 3/7 5/7 POSITIVE STAR 116 100 30/6
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      308 28 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 J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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      732 28 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6470 9100 Fax: (65) 6235 3623 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN FIGARO FF622 02/06 06/06 08/06 12/06 17/06 23/06 TALISMAN FF623 14/06 18/06 20/06 22/06 27/06 04/07 FEDORA FF625 30/06 04/07 06/07 08/07
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  • DINING OUT
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      Lock icon A showcase of Scottish ingredients
      1010 29  -  Although UsQuBa does not offer an introduction into the world of Scottish cuisine, its chef does justice to the produce. BY JAIME EE produce.BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT UsQuBa #02-03B 04 One Fullerton One Fullerton Road Tel: 8723-6378 Open daily for lunch and
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      228 29 Subscribe with at Yummy Food Expo and get a $50CASH VOUCHER* What’s More! Buy any 2 copies of SPH NEWSPAPERS at Yummy Food Expo and receive a pack of 6x Yeo's Green Tea (250ml) worth $2.70^! YUMMYFOODEXPO 23-26JUNE SINGAPOREEXPOHALL6 11am-10pmDaily•FREEADMISSION BOOTH:K10 Exclusive to readers JOIN THE INSTANT-WIN* LUCKY DRAW STAND
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      128 29 Our review policy: BT pays for all meals at restaurants reviewed on this page. Unless specified, the writer does not accept hosted meals prior to the review’s publication. K* 1 1 S$51 NETT LUNCH SPECIALS 6 June to 31 August 2016 Make a weekday lunch date in either Town Restaurant
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  • LIFE & CULTURE
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      Lock icon Spain joins forces with Bollywood to boost tourism
      826 30 Madrid to host annual ‘Bollywood Oscars’ this weekend to lure more Indian visitors to Spain AFP Madrid SPAIN is coaxing Indian moviemakers to use its colourful fiestas and historic monuments as settings for their films, in a move to grab a bigger
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      Lock icon Refugees in Indonesia tackle life in limbo through school
      862 30 AFP Cisarua, Indonesia MAHBOOB Jafari had barely seen the inside of a classroom, let alone taught in one, before he arrived in Indonesia as a refugee fleeing persecution in Afghanistan. The 19-year-old now teaches English at a pioneering school in the
      AFP; PHOTOS: AFP  -  862 words
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      94 30 “New Beginnings” ART EXHIBITION 17-26 June 2016 Multi-award winner Benjamin F. Cruz (Philippines) well acclaimed emerging artist Lisa Huang (Singapore) join hands at this 10-day exhibition. Presenting the best of acrylic paintings by UOB Painting of the Year 2015 Winner, BenCruz morphs familiar landscapes into surreal worlds on his canvas.
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      17 30 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • Page 30 Miscellaneous
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      324 30 CRYPTIC CROSSWORD Across 1 Horse making painful sound, not good (4) 3 They look back at Irish son undergoing transformation (10) 8 Nice line penned by country person (8) 9 Mean chaps heading off with dog (6) 10 Soup served in club or school (6) 11 Satisfied raw needs somehow
      324 words