The Business Times, 21 June 2016

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Total Pages: 24
1 24 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 GTuesday, June 21, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    258 1 Japanese PM Shinzo Abe’s economic policies will fail to hit their targets in terms of growth, inflation and fiscal consolidation within the time frames set for them, the IMF declared.TOP STORIES 2 Britain’s vote on EU membership on Thursday is set to split regions against regions, with Scotland
    258 words
  • Article, Illustration
    Lock icon Sustainability reporting rules seen offering flexibility
    1241 1  -  But investors, stakeholders must look out for boilerplate reports or bare-minimum compliance responses, say observers By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore Exchange’s “softly, softly” approach in rolling out its sustainability reporting rules on Monday gives listed firms here enough time and flexibility
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  • Article, Illustration
    Lock icon MAS closely watching UK developments
    475 1  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Monetary Authority of Singapore (MAS) on Monday said it is monitoring the developments in Europe closely, with the UK referendum due this week. “MAS is monitoring the developments in Europe closely,” said a spokesman from the central bank
    PHOTO: BLOOMBERG  -  475 words
  • Article
    Lock icon MARKETS
    26 1 Monday Change STI 2,800.87 +37.45 KL COMP 1,634.23 +10.05 NIKKEI 225 15,965.30 +365.64 HANG SENG 20,510.20 +340.22 SHENZHEN B 1,069.16 -6.44 DOW(11.45AM EDT) 17,890.54 +215.38
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  • Article
    Lock icon New guidelines on leave benefits, notice for contract staff
    540 1  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MORE term contract employees could be eligible for leave benefits under new guidelines released on Monday by the tripartite partners Manpower Ministry (MOM), the National Trades Union Congress (NTUC) and the Singapore National Employers Federation
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  • TOP STORIES
    • Article, Illustration
      Lock icon A premature exit, to India’s loss
      1236 2  -  India’s central bank governor Raghuram Rajan returns to academia, leaving behind a legacy of reforms COMMENTARY By Vikram Khanna vikram@sph.com.sg GIVEN his achievements, a central banker like Raghuram Rajan, the Governor of the Reserve Bank of India (RBI), would have a “guaranteed recomformation” in
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    • Article
      Lock icon More workshops to be run to help SMEs go global
      413 2  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore MORE workshops will be organised this year to equip small and medi-um-sized enterprises (SMEs) with information on overseas markets and to connect them with potential busi- ness partners, said International Enterprise (IE) Singapore on
      413 words
    • Article
      Lock icon IMF predicts that Abenomics will miss targets set
      781 2  -  It urges Tokyo to adopt more realistic, credible goals for growth, fiscal reform and inflation By Anthony Rowley btworld@sph.com.sg Tokyo THE economics policies advocated by Prime Minister Shinzo Abe will fail to hit their targets in terms of growth, inflation and fiscal
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    • Article
      Lock icon Vote pits London, Scotland against middle England
      505 3 Places most likely to vote in favour of the EU are the more cosmopolitan places, says an academic BREXIT JITTERS AFP London BRITAIN’S vote on European Union membership on Thursday is set to split regions against regions, with Scotland and the main cities
      AFP  -  505 words
    • Article, Illustration
      Lock icon To be or not to be
      341 3  -  On June 23, the United Kingdom (UK) will vote on whether or not it should remain a member of the European Union (EU) a decision that will have far-reaching effects on not only the continent, but the entire world. The Business Times examines the
      Compiled by BT; BT Graphics: Jennifer Chua  -  341 words
    • Article, Illustration
      Lock icon Brexit: vulnerable pound may hurt UK bond’s haven status
      1337 3 BLOOMBERG London THE UK government-bond market’s reputation as a haven in times of global crisis is being put in jeopardy by its currency’s vulnerability to the nation’s vote on European Union membership. From World War II through the euro crisis in
      BLOOMBERG; PHOITO: AFP  -  1,337 words
    • Article, Illustration
      Lock icon Four Seasons guns for growth in Asia-Pacific
      1029 4  -  It sees increasing numbers of outbound travellers from China and India, promising growth markets in the region By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FOUR Seasons Hotels and Resorts will continue to grow its footprint in the Asia-Pacific, as it banks on the growing
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    • Article
      Lock icon PSA to test 22 battery-powered automated-guided vehicles
      432 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PSA Singapore is bringing on board the first 22 automated guided vehicles (AGVs) that will run on batteries, during live operational trials of the technology at the port of Singapore. Further investments will go to the
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    • Article, Illustration
      Lock icon Poland’s star shining bright, but Ukraine’s is fading fast
      674 4  -  EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT THE fortunes of Poland and Ukraine could hardly be more different heading into their final Euro 2016 group match in Marseille on Tuesday night. Four years ago, the two neighbouring nations successfully co-hosted
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    • Article
      Lock icon Paid cross-border car-pooling services against regulations: LTA
      441 4 Singapore THE Land Transport Authority (LTA) has poured cold water on ride-shar-ing firm Grab’s plan to launch a paid carpooling service between Singapore and Johor Bahru. On Monday, the regulator told Channel NewsAsia (CNA) that it had informed the company that the original
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      379 2 PwC’s Academy 2016 FRS Update: Insights Join us to uncover the latest accounting standards, the implementation implications, areas of review under the financial reporting surveillance programme and sustainability reporting. Be engaged with practical case studies and interactive exercises for a complete learning experience. Workshop details: Date: 15 July, 15 September
      379 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      17 2 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      147 4 CV Singapore Medical Specialists Centre Octe 'Day One Stop 6*te &e*ttne 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 Blood Count Tumour Markers Urine Analysis Electrocardiogram Chest X-Ray Ultrasound Thyroid Ultrasound Abdomen
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon DBS eyes growth from financial institutions business
      472 5  -  It expects this segment to double in revenue to S$1b over 3-5 years as it taps Asia’s big growth in managed assets By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS expects its financial institutions group to double in revenue to S$ 1 billion over
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    • Article
      Lock icon CityNeon’s Victory Hills seen as silver lining for Star
      545 5  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur CITYNEON Holdings’ “Avengers” and “Transformers” could emerge as Star Media Group’s heroes this year, with its projected earnings contributing significantly amid weaker adex spend in a tepid economy that has hit its print operations. The
      545 words
    • Article
      Lock icon GLP secures new leases totalling 98,000 sq m in China
      243 5 Singapore MAINBOARD-listed Global Logistic Properties (GLP) has secured new leases totalling 98,000 square metres with five Chinese companies. In a filing to the Singapore Exchange on Monday, the facilities provider said that the new leases are mainly related to expansion
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    • Article
      Lock icon Ezra’s two deals on Emas Chiyoda Subsea fail to excite investors
      753 5  -  HOCK LOCK SIEW BY TAN HWEE HWEE hweetan@sph.com.sg @HweetanBT SHARES in Ezra Holdings staged a modest comeback on June 8 hours before the ingapore-listed company requested a trading halt pending the announcement of a stake deal involving its 50-50
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    • Article, Illustration
      Lock icon CDL is best-performing STI stock in June
      445 6  -  Analysts credit this to the property developer’s return to the FTSE EPRA/NAREIT Global Developed Index By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PROPERTY developer City Developments (CDL) is the best-performing Straits Times Index (STI) stock month-to-date, and analysts say it is because of its
      Source: Bloomberg  -  445 words
    • CORPORATE DIGEST
      • Article
        Lock icon MYP Ltd
        90 6 myp Ltd, through its wholly owned subsidiary Salveur Pte Ltd, has entered into a conditional sale and purchase agreement with Nine Battery Pte Ltd for the proposed acquisition of Straits Trading Building. The purchase consideration of S$560 million is payable entirely in cash, said MYP in a filing
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      • Article
        Lock icon KOP Limited
        85 6 REAL estate, hospitality and entertainment group KOP Ltd has struck off its dormant subsidiary Scorpio East Leisure Pte Ltd from the Register of Companies. Catalist-listed KOP began trading in May 2014 after it completed a S$150 million reverse takeover of Catalist-listed Scorpio East. The striking off of Scorpio
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      • Article
        Lock icon Transcorp Holdings
        55 6 CATALIST-listed investment holding company Transcorp Holdings has requested an extension of time to announce its financial statements for the first half ended April 30. it is awaiting the Singapore Exchange’s response in respect of the application, and will make further announcements as and when there are material developments,
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    • Article
      Lock icon Third Reit this year looking to list on SGX
      457 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A THIRD real estate investment trust (Reit), this time holding Chinese logistics assets, is said to be considering a listing on the Singapore bourse. EC World Reit, as it is known, is reportedly looking to
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    • Article
      Lock icon Rowsley to acquire 65% of engineering firm Squire Mech
      296 6 Singapore MAINBOARD-listed real estate company Rowsley will be acquiring mechanical and electrical engineering firm Squire Mech Private Limited for up to S$ 19.5 million. In a filing to the Singapore Exchange (SGX) on Monday, Rowsley said that the group, through its
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    • Article
      Lock icon LG mulling home appliance deals to fuel global expansion
      353 6 BLOOMBERG Seoul LG Electronics Inc, with businesses spanning TVs to washing machines, is looking at home appliance acquisitions to fuel its global expansion and withstand a slowing smartphone market. The company will probably focus onbusiness-to-business targets, such as component makers, Jo
      BLOOMBERG  -  353 words
    • Article
      Lock icon S&P affirms Singapore banks’ credit ratings
      463 6 Singapore S&P Global Ratings has affirmed its “AA-” long-term and “A-1+” short-term issuer credit ratings on the three Singapore banks, on expectations that the lenders’ asset quality will be manageable, and any deterioration will be gradual. The ratings agency on Monday affirmed the rating
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    • Article, Illustration
      Lock icon Dishwashing deal boosts GS Hldgs stock
      407 7  -  Shares, which didn’t make much headway since listing in January, hit S$0.40, up 38% from end-May’s S$0.29 By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore GS Holdings’ stock price jumped by nearly 38 per cent since end-May, after winning a dishwashing contract from Suntec Singapore Convention
      Source: Bloomberg  -  407 words
    • Article, Illustration
      Lock icon Ascott bags 7 properties and expects to grow faster than last year
      331 7 Singapore THE Ascott has secured seven new properties comprising 1,714 apartment units across seven cities in Asia, said CapitaLand on Monday. It added that its wholly owned ser-viced-residence business unit is poised to outpace its growth in 2015.
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    • Article
      Lock icon POSB launches rewards programme for NSFs
      310 7  -  By Renald Yeo yrenald@sph.com.sg Singapore AS part of a scheme to recognise the contributions of full-time national servicemen (NSFs), POSB on Monday rolled out a new rewards programme which will allow NSFs to earn an interest rate of 2 per cent per annum. This
      310 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index June 20,2016 2,800.87 +37.45 (+1.36%) Current streak 2 days Day high 2,802.25 Day low 2,782.72 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 20,2016 437.82 +2.95 (+0.68%) Current streak 1 day Day high 439.36 Day low
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 8010 408.6 3.9 8403/6250 DBXT E50 US$ 4439 309.2 5.5 5249/3968 DBXT MSEurope US$ 5340 289.0 4.2 6127/4770 SPDR DJIA US$ ***** 247.3 1.0 *****/***** SPDR S&P500 US$ ***** 228.5 0.8 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.7
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSing SG$ ***** -95.0 -0.7 *****/***** JSH USD 2904 -28.2 -0.7 3300/2524 CityDev 871 -14.0 -1.6 999/661 DBXT Vietnam US$ 2381 -13.4 -0.4 2786/2017 Venture Corp 857 -11.0 -1.3 868/765 BY PERCENTAGE CLOSE DOWN 52w high/low SembMar MBeCW16 0.4 -33.3 -0.2 3.8/0.4
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Zhongxin Fruit 1,146.7 0.011 -0.004 -26.67 Ziwo 594.1 0.016 -0.003 -15.79 Prudential USD 1.4 18.000 +1.110 +6.57 Asia Fashion 60.0 0.122 -0.009 -6.87 Amplefield Ltd 99.2 0.035 +0.005 +16.67 CITYDEV NCCPS 408.0 1.030 -0.075 -6.79 Broadway Ind 180.0 0.110 -0.012 -9.84 Captii 70.0 0.460 -0.030
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    • Article, Illustration
      Lock icon Relief rally as Brexit jitters subside
      717 8  -  Singapore market up 1.4% as polls indicate more in Britain now favour remaining in EU STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT A WAVE of relief washed over local stocks after polls indicated that the ‘Remain’ camp was gaining momentum over their ‘Leave’ opponents in
      Source: Bloomberg  -  717 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 235 -1 237/233 253 209 6.5 6197.7 CapitaCom Trust 140.5 unch 141/139.5 157.5 122.5 6.1 4153.7 CapitaLand 302 +3 303/300 358 267 12.1 3 *****.2 CapitaMall Trust 205 unch 206/203 224 184.5
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share ftse ST All-Share index June 20,2016 682.05 +7.05 (+1.04%) Current streak 2 days Day high 682.22 Day low 678.76 52-week high 806.37 (July 20,2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index June 17,2016 1,595.33 +26.50 (+1.69%) Current streak 1 day Day high 1,600.29 Day low 1,578.62 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Ezra 45,564,300 Noble 38,436,600 Annica 33,462,800 Singtel 19,208,100 HPH Trust USD 19,094,800 Market volume 1,118,321,000 VALUE DBS Grp 96,710,915 Singtel 73,724,730 OCBC Bank 45,585,079 CityDev 44,355,813 UOB 34,348,248 Market value 821,667,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 20 VALUE CLOSE BT OB/OS -278.00 +107.00 BT CADI -*****.00 +105.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 665.20 +4.25 FTSE ST Small Cap 385.10 +3.27 FTSE ST All Share 682.05 +7.05 FTSE ST China Top 158.50 +0.26 FTSE ST China 187.55 +0.19 FTSE
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    • Article
      Lock icon SGX ETFs
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 285 +4 611 286/283 343/254 284/285 IS ASIA HYG US$ US1062 -5 352 1063/1062 1130/977 1050/--DBXT MSRussia US$ US196 +6 331 196/189 214/129 196/197 IS MS INDIA US$ US687 +7 136 688/671 780/575 685/687
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 2 4 1 0 0 8 2 4 Manufacturing 37 30 21 10 9 11 47 39 32 Commerce 18 11 14 6 1 6 24 12 20 Tpt/Stor/Comms 16 8 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,565 490 14,055 47,070 90 47,160 Manufacturing 46,798 47,239 94,037 59,219 733 59,951 Commerce 55,923 24,665 80,588 62,597 705 63,302 Tpt/Stor/Comms 131,782 3,046 134,828 146,387 273 146,661 Finance 20,775 61 20,836 191,431 9 191,440 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Telecommunications | Underweight
        174 8 Telecommunications Underweight UOB Kay Hian, June 20 LIBERTY Wireless’s mobile virtual network operator (MVNO) Circles.Life has showcased a new model for customer services, which is entirely based on its website, mobile app and live chat. It also differentiates itself through unlimited/free usage of whatsApp for voice calls and messaging. Competition
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      • Article
        Lock icon CDL Hospitality Trusts | Buy
        104 8 CDL Hospitality Trusts Buy June 20 close: S$1.42 Target price: S$1.51 DBS Group Research, June 20 WE maintain our “buy” call with a revised target price of S$1.51. Although CDLHT’s share price has rallied by over 15 per cent from its lows in January and the counter faces negative headlines
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      • Article
        Lock icon Singapore Airlines | Buy
        243 8  - Singapore Airlines Buy Compiled by Claire Huang June 20 close: S$10.60 Target price: S$12.00 OCBC Investment Research, June 20 SINGAPORE Airlines’ (SIA) operating results for May 2016 came in weak for the parent airline while both silkAir and Scoot continued to show growth momentum. Overall passenger load factor (PLF) for
        243 words
    • Article
      Lock icon Sterling rallies as Brexit worries ebb
      437 9 CURRENCIES REUTERS London STERLING jumped nearly 2 per cent against a trade-weighted basket of currencies on Monday after opinion polls swung in favour of the campaign for Britain to stay in the European Union, boosting risk sentiment and sending the safe-haven yen tumbling. The
      REUTERS  -  437 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.957 4.908 0.657 5.787 50.267 98.998 0.780 8.667 3.039 1.049 78.102 34.547 1.003 11.144 0.714 24.048 26.250 0.511 0.746 Canada 1.045 5.127
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jun 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0021 1.0029 0.7455 0.7460 Canadian dollar 1.0470 1.0475 0.7792 0.7789 Euro 1.5249 1.5256 1.1344 1.1348 NZ dollar 0.9557 0.9565 0.7110 0.7115 Sterling pound 1.9613 1.9622 1.4591 1.4595
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jun 20 S$ Bid Offer 1-month 1.3444 1.3448 2-months 1.3447 1.3452 3-months 1.3452 1.3458 6-months 1.3465 1.3473 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        381 9 Jun 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9200.00 9300.00 9137.50 9215.00 *****3 *****6 Jul16 9062.50 9162.50 9010.00 9050.00 ***** 9275 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec16 *****.00 *****.00 *****.00 *****.00 22 5375 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 9 Most active Jun 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.7 1.4 7700 0.1 1620 4 FTSEChinaA50 9500 MBeCW*****0 9.4 -0.1 3120 0.0 2 STI 2950 MB eCW*****1 2.2 0.2 3090 0.0 2 UOB
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 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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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 20 $S Offer Bid 0vernight 0.03 Par 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: N.A US$ 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
        65 9 Jun 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.04 5-Year NX*****X 2.250 01-Jun-21 102.92 103.15 102.85 10-Year NX*****F 2.125 01-Jun-26 99.87 100.36 99.95 15-Year NZ*****F 2.875 01-Sep-30 105.47 106.05 106.05 20-Year NZ*****V 3.375 01-Sep-33 112.33 112.70 112.50
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 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 SGX MAINBOARD
      1785 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 135 +1.5 239 136 134.5 0.9 8.4 859.2 Div 170.7 101 ARA Asset Mgmt 136 +1.5 382 138
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    • Article
      Lock icon SGX CATALIST
      295 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld 0.9 0.2 t Advanced Systems 0.2 unch 1331 0.2 0.2 5.3 MCap High LOW 19.9 8.3 t Anchor Resources 11 -0.3 1038 11.4 11 30.8 Sale
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    • Article
      Lock icon SGX ETF
      125 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3942 2355 DBXT China50 US$ US2753 +40 20 2765 2715 7.6 Day 1613 995 DBXT MSCHINA US$ US1141 +3 42 1151 1135 5677 4478 DBXT MSKorea US$
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      162 5 JSSnlankan Airlines r oneworld AIRLINE PASSENGER GENERAL SALES AGENT AND CARGO GENERAL SALES AGENT IN THE TERRITORY OF SINGAPORE SriLankan Airlines Limited, the National Airline of Sri Lanka is looking for a Passenger General Sales Agent and Cargo General Sales Agent in the territory of Singapore. Interested parties, please refer
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      48 6 HOT PROPERTY THE ADELPHI. 1600/ 2000 sf. Bare/Fitted. Good cond. Next to City Hall MRT. Face Funan. Attractive psf. **BIZTECH CTR Aljunied Rd 270 700sf. F/fitted. Aircon lobby. Ample parking. Immed neg. OFFICE SPACE FOR RENT Check out these properties and more in The Straits Times Classified now!
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      Lock icon Page 6 Advertisements Column 2
      292 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
      292 words
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      Lock icon Page 6 Advertisements Column 3
      100 6 Correction IN “Buying by directors surges, selling resumes” (BT, June 20), we misidentified the buyer of 30,000 Pacific Radiance shares as Choo Boon Tiong. The buyer of the shares was in fact Goh Chong Theng. We are sorry for the error. 2016 ms-expo.com ■5 "LIKE US" Manufacturing Solutions Expo MANU
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Eden Hall GCB plots up for sale again
      442 11  -  Prices slashed by about 20% in relaunch sale of two plots by the British government By Renald Yeo yrenald@sph.com.sg Singapore A PAIR of freehold Good Class Bungalow (GCB) plots from the garden of Eden Hall, the official residence of the British High
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    • Article
      Lock icon London house prices fall as Brexit jitters, taxes cool demand
      353 11 BLOOMBERG London UK house prices continued to climb in June, with only the capital experiencing a decline ahead of this week’s referendum on European Union (EU) membership. Asking prices increased 0.8 per cent to an average £310,471 (S$610,492), the property
      BLOOMBERG  -  353 words
    • Article
      Lock icon Irish central bank sees mortgage limits as permanent
      191 11 REUTERS Dublin IRELAND’S central bank expects to make permanent controversial loan-to-value and loan-to-income limits on mortgage lending introduced last year, though the levels may be calibrated, the deputy governor said on Sunday. Politicians from across the political spectrum have criticised the limits,
      REUTERS  -  191 words
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      Lock icon China housing in flux as price recovery tapers off
      748 11 BLOOMBERG Shanghai THE recovery in China’s housing market that helped underpin the economy in the first half is showing signs of tapering off. New-home prices excluding gov-ernment-subsidised housing climbed in 60 cities in May, down from 65 in April, among the
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      Lock icon Major shareholder opposes Vanke’s 45.6b yuan share-sale plan
      764 12 BLOOMBERG Beijing CHINA Vanke Co chairman Wang Shi’s bid to fend off a takeover has been thrown into doubt after the property developer’s second-largest shareholder, China Resources (Holdings) Co, said the proposal failed to get enough votes from the board. China Resources
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    • Article
      Lock icon Australia taxes foreign home buyers as affordability bites
      683 12 Latest move by NSW comes as concerns grow that a flood of mostly Chinese investors is crowding out locals AFP Sydney SYDNEY is imposing new taxes on foreigners buying homes as concerns grow that a flood of mostly Chinese investors is crowding
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    • Article, Illustration
      Lock icon CEO Chesky vows to stamp out racism from Airbnb
      931 12 NYT San Francisco BRIAN Chesky, chief executive of Airbnb, made a vow this month to root out bigotry from his business. His online room-sharing company has recently been grappling with claims of discrimination, with several Airbnb users sharing stories on social
      NYT; PHOTO: REUTERS  -  931 words
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      262 11 m yjtfffr S GOLDEN WALL CENTRE 89 Short Street, S(*****6) •Freehold Commercial Site adjacent to Rochor MRT station •Strategically located at the fringe of Central Area •Within Bras Basah Bugis Planning Area, where Urban Design Guidelines seek to create a pedestrian-friendly district with an active bustling street-life and vibrant colourful
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      247 11 Good Class Bungalow Land Plots Nassim Road m Plot A Site Area: Approx. 18,618 sq ft Plot B Site Area: Approx. 15,634 sq ft Total Site Area: Approx. 34,252 sq ft Freehold. Elevated land Enjoys approx. 42 metres of Nassim Road frontage Available as two individual plots or as a
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  • BANKING & FINANCE
    • Article
      Lock icon 90% of UK bank cuts are in lower-income areas: study
      772 13 Such closures are taking bricks-and-mortar services away from communities where they are arguably needed most REUTERS London BRITAIN’S largest banks are disproportionately closing branches in the low-est-income areas while expanding in wealthier ones, taking bricks-and-mortar services away from communities where
      REUTERS  -  772 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon KL plans 1-month delay in B10 biodiesel mandate
      478 14 It is in talks with oil companies to begin programme in July, a month later than earlier planned; new standards to use 709,000 tonnes of palm oil a year REUTERS Kuala Lumpur MALAYSIA is in talks with oil companies about moving the
      REUTERS  -  478 words
    • Article, Illustration
      Lock icon Putin seen weighing Rosneft stake sale to China, India
      803 14 BLOOMBERG MOSCOW VLADIMIR Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-elec-tion bid in less than two years. Russia is seeking buyers for 19.5
      BLOOMBERG; PHOTO: REUTERS  -  803 words
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      Lock icon More clean energy funds needed for systems that channel power to world’s poorest
      874 14 THOMSON REUTERS FOUNDATION Barcelona ONLY a tiny fraction of climate change funding is going into small-scale solar, biogas and other off-grid systems that may be the best way to get power to the world’s poorest, researchers say.
      THOMSON REUTERS FOUNDATION; PHOTO: AFP  -  874 words
    • Article
      Lock icon ONGC to spend on drill ships, rigs as costs drop
      337 14 BLOOMBERG Mumbai OIL and Natural Gas Corp (ONGC), India’s biggest explorer, is preparing to spend on its biggest ever crude binge as sub-US$50 oil halves the cost of rigs and services. State-run ONGC is contracting as many as five deepwater
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  • TECHNOLOGY
    • Article
      Lock icon Paul Allen’s space company nears debut of world’s biggest plane
      742 15 Stratolaunch Systems’ six-engine plane has a wingspan of 385 feet and can deliver satellites into precise orbits quickly REUTERS Mojave, California A SPACE launch company bankrolled by Microsoft Corp co-founder Paul Allen intends to compete with space entrepreneurs and industry
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      Lock icon Birth control via app finds footing under political radar in US
      800 15 NYT New York A QUIET shift is taking place in how women obtain birth control. A growing assortment of new apps and websites now make it possible to get prescription contraceptives without going to the doctor. The development has
      NYT; PHOTO: NYT  -  800 words
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      Lock icon S Korea trains keyboard soldiers in decades-old war with North
      602 15 REUTERS Seoul IN ONE college major at Seoul’s elite Korea University, the courses are known only by number, and students keep their identities a secret from outsiders. The Cyber Defense curriculum, funded by the defence ministry, trains young keyboard warriors
      REUTERS; PHOTO: BLOOMBERG  -  602 words
    • Article
      Lock icon Chinese chip technology now powering world’s fastest supercomputer
      369 15 BLOOMBERG San Francisco IN A threat to US technology dominance, the world’s fastest supercomputer is being powered by Chinese-de-signed semiconductors for the first time. It’s a breakthrough for China’s attempts to reduce dependence on imported technology. The Sunway TaihuLight supercomputer, located at
      BLOOMBERG  -  369 words
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      444 15 NOTICES ORIENTAL GROUP LTD. Company Registration Number: *****1998C (Incorporated in the Republic of Singapore) WITHDRAWAL OF NOTICE OF EXTRAORDINARY GENERAL MEETING We, the shareholders of the Company, refer to the letter to the Company dated 23 May 2016 in relation to our intention to call for an extraordinary general meeting
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      170 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SMART STORAGE SYSTEMS (SG) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****7359G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
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  • CONSUMER
    • Article, Illustration
      Lock icon LVMH is upbeat about thriving in Asia’s markets amid volatility
      696 16  -  Asia represents almost one-third of LVMH’s sales; it continues to promise and drive growth opportunities By J Lossini jlossini@sph.com.sg Singapore TOP luxury brand, Moet Hennessy Louis Vuitton (LVMH), is thriving on the growth opportunities in Asia, especially in Japan, amid
      696 words
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      Lock icon Japan biotech venture PeptiDream a US$3b business
      1020 16 BLOOMBERG Tokyo WHEN he realised he wasn’t going to make it as a guitarist, Hiroaki Suga set out to find the origin of life, and ended up creating a new way to develop medicines. Many years spent fiddling with the building blocks of
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,020 words
    • Article
      Lock icon Visa launches Olympics campaign, undeterred by woes in Brazil
      483 16 REUTERS San Francisco VISA Inc, one of the Olympics’ top global sponsors, kicks off its global advertising campaign for the Summer Games with no plans to cut back on its Olympic presence despite difficulties in host country Brazil. The US payment
      REUTERS  -  483 words
    • Article
      Lock icon In Japan, tank-bred lobster larvae may boost fishery stocks
      467 16  -  By Eiji Noyori WP Tokyo THE Ise ebi spiny lobster is the epitome of luxury food from the seas surrounding Japan. In Mie Prefecture, a famous production centre of this “champion of the seashore”, efforts are being made to achieve stable
      WP  -  467 words
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  • TRANSPORT
    • Article
      Lock icon Toyota to build AI-based cars in five years
      420 17 It aims to improve car safety by enabling vehicles to anticipate and avoid potential accident situations REUTERS Tokyo TOYOTA Motor Corp is targeting developing in the next five years driver assistance systems that integrate artificial intelligence (AI) to improve vehicle safety, the
      REUTERS  -  420 words
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      Lock icon Toyota researcher sees cheap robots made possible by mass production
      749 17 BLOOMBERG Tokyo THE researcher hired by Toyota Motor Corp to spearhead its robotics and artificial intelligence efforts said that the carmaker’s production principles can be applied to build affordable helper robots for rapidly ageing societies. Robot makers are struggling with
      BLOOMBERG; PHOTO: REUTERS  -  749 words
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      Lock icon Focus of EgyptAir probe falls on flight recorders
      319 17 BLOOMBERG Cairo EGYPTIAN investigators are preparing to test the flight recorder memory units from the EgyptAir plane that crashed in the Mediterranean Sea last month, moving a step closer to finding the cause of the accident that killed all 66 people on
      BLOOMBERG; PHOTO: AFP  -  319 words
    • Article, Illustration
      Lock icon Breathless in Paris as clean-air battle mounts
      734 17 BLOOMBERG Paris PARIS will no longer take your breath away. Its monuments, avenues and restaurants might, of course, but Mayor Anne Hidalgo is pledging its pollution won’t. The city, host to the COP21 United Nations climate conference last year, will ensure the French
      BLOOMBERG; PHOTO: REUTERS  -  734 words
    • Article
      Lock icon Boeing, Russian airfreight firm close to US$4b deal to revive B747
      447 17 BLOOMBERG Chicago BOEING Co is nearing a US$4 billion deal with Russia’s largest air freight company that would help extend the life of the iconic, hump-nosed 74 7 jumbo jet amid waning demand for four-engine aircraft, people close to
      BLOOMBERG  -  447 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China’s Xi weaves Poland into ‘new silk road’ plan
      675 18 Two countries’ leaders ink broad strategic partnership deal on political and economic cooperation AFP Warsaw CHINESE President Xi Jinping drummed up investment and trade with Poland on Monday as the European Union’s largest eastern economy eyes financing by the Asian giant.
      AFP; PHOTO: REUTERS  -  675 words
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      Lock icon Cornish pasties: the tastiest victims of a Brexit?
      681 18 AFP Pool, UK A FAVOURITE of 19th century miners who took them down the pit and a popular lunch to this day, the Cornish pasty and other delicacies with European Union (EU) protected status could be threatened if Britain leaves the bloc.
      AFP; PHOTO: AFP  -  681 words
    • Article
      Lock icon Trump says he’s in favour of Britain leaving EU
      358 18 NYT New York DONALD Trump said in an interview published on Sunday that he would be in favour of Britain leaving the European Union. Mr Trump made the remarks in an interview with The Sunday Times of London ahead of a
      NYT  -  358 words
    • Article
      Lock icon Germany expects growth to slow after strong Q1
      449 18 REUTERS Berlin GERMAN economic growth is likely to slow after a robust start to the year, expanding at a slower pace for the rest of 2016 as foreign trade cools, the finance ministry and central bank said on Monday. Europe’s largest economy
      REUTERS  -  449 words
    • Article
      Lock icon Record 65m people displaced by global conflicts: UN report
      731 18 NYT New York MORE people are on the run than ever before in recorded history, the United Nations (UN) said in a report released on Monday. They include people fleeing marauders in South Sudan, drug gangs in Central America, and the
      NYT  -  731 words
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      Lock icon India announces sweeping relaxation of FDI rules
      617 19 Move targets civil aviation, defence and a string of other sectors as government looks to spur investment in world’s second most populous country AFP New Delhi INDIA on Monday announced a sweeping relaxation of foreign direct investment (FDI) rules in civil aviation, defence
      AFP; PHOTO: AFP  -  617 words
    • Article
      Lock icon World Bank sees robust Indian growth ahead
      572 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo INDIA’S economy will continue to post robust growth in the coming years, the World Bank said on Monday in its latest India Development Update which came on the heels of news that Reserve Bank of India (RBI) governor
      572 words
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      Lock icon Incoming Philippine government vows sweeping improvements
      475 19 REUTERS Davao, Philippines PHILIPPINE President-elect Rodrigo Duterte’s new economic team on Monday promised sweeping changes to boost infrastructure, fix traffic woes, improve investment frameworks and maintain the country’s robust economic growth. Mr Duterte won the country’s May 9 presidential election but his victory has
      REUTERS; PHOTO: REUTERS  -  475 words
    • Article
      Lock icon Australia’s Big 4 banks face toughest dominance test
      442 19 REUTERS Sydney AUSTRALIA’S four leading banks face the biggest test to their dominance since the 2008 global financial crisis as politicians calling for a public inquiry into how they operate look set to emerge from national elections in July with decisive influence.
      REUTERS  -  442 words
    • Article
      Lock icon China’s outbound M&As year to date surpass 2015 record
      343 19 REUTERS Hong Kong IN less than six months of 2016, China’s appetite for overseas acquisitions has already outgrown last year’s record, as deal-hungry mainland buyers chase global assets such as real estate, chemicals and high-end technology. China National Chemical Corp’s US$43
      REUTERS  -  343 words
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      38 19 “A mustread for anyone interested in original and insightful observations of Singapore society, from the big to the small issues.” HO KWON PING executive chairman of Banyan Tree Holdings Now on sale at all major bookstores and www.stpressbooks.com.sg
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      52 19 J U L 1 6 20WEDNESDAY NTUC Trade Union House 9.00am to 5.00pm ACCELERATING TEAMWORK This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. Trainer Patrick Ho P R I C E $620.60 To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops
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  • OPINION
    • Article
      Lock icon Pitfalls piling up for investments in Australian housing
      669 20 EDITORIAL REAL estate investment in Australia is about to become a lot more expensive. The state government in Sydney is set to become the latest to impose foreign investor surcharges on stamp duty and land tax on residential properties later this week.
      669 words
    • Article
      Lock icon Trump in the dumps
      990 20  -  TTTHE BOTTOM LINE By Maureen Dowd THE NEW YORK TIMES Washington HE won’t pivot. So I have to. Having seen Donald Trump as a braggadocious but benign celebrity in New York for decades, I did not regard him as the apotheosis of evil. He seemed more
      THE NEW YORK TIMES  -  990 words
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      Lock icon Brexit could be catalyst for reinventing EU
      1283 20  -  The shocks of a British exit could galvanise a smaller EU towards integration, common institutions and direct elections. BY ALAN STOGA elections.BY ALAN STOGA T The writer is senior adviser with Kissinger Associates and chairman of the Tällberg Foundation. YALEGLOBAL New York THE
      YALEGLOBAL; PHOTO: AFP  -  1,283 words
    • Article
      Lock icon Embrace the new corporate diplomacy to compete more effectively
      1074 21  -  COMMENTARY By Harish Mehta T The writer is a historian who has taught at Canadian universities. This article is part of a series on US foreign relations. THE American brand has fallen off the map. For more than a decade, it
      1,074 words
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      Lock icon UK business opinion moves towards exit
      503 21  -  COMMENTARY By John Longworth T The writer is chairman of the Vote Leave Business Council. London NO wonder support for Britain’s European Union membership among small and medium-sized businesses is crumbling. Opinion is moving in favour of Leave among business owners no longer cowed
      OMFIF  -  503 words
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      Lock icon Going digital with a clear destination
      1099 21  -  Companies are told to digitalise or risk getting left behind, but the precept may be unclear for those eager to act. BY LIRI ANDERSSON, LUDO VAN DER HEYDEN T This is an edited version of an Insead Knowledge article. Ms Andersson is an insead
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  • Page 22 Advertisements
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      891 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 APL Columbus
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  • LIFE & CULTURE
    • Article
      Lock icon Millennials, Generation Xers prone to divorce
      577 23 BLOOMBERG New York MILLENNIALS, enjoy your nuptials as the summer wedding season hits its stride. Back home, your folks may be hiring divorce lawyers. The statistic that half of all marriages fail, long whispered by wedding guests and worried over by reluctant brides and
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      Lock icon Japan’s rickshaw runners take on tour guide role
      670 23 Many have studied foreign languages to enhance their services and some even aspire to become pop idols WP Osaka, Japan SPECTATORS cheered when a rickshaw carrying pop culture icon Kyary Pamyu Pamyu appeared on the red carpet at Universal Studios Japan in
      WP; PHOTO: BLOOMBERG  -  670 words
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      Lock icon Menswear shows falling out of favour
      578 23 REUTERS Milan MEN are in danger of falling off the catwalk in Europe. Menswear shows, traditionally held months before the women hit the runways later in the year, are being slowly airbrushed from the fashion industry’s calendar and folded into the women’s events, almost
      REUTERS; PHOTO: AFP  -  578 words
    • Article
      Lock icon In India’s isolated north-east, time for a change
      544 23 AFP Guwahati, India BY the time the working day begins in north-east India on the longest day of the year, the sun is already high in the sky and the heat is nearing its peak because clocks across the vast country are
      AFP  -  544 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      312 23 CRYPTIC CROSSWORD Across 4 Don Juan’s Spanish house beside river flowing west (8) 8 Very old Scottish chimney shown by English book (6) 9 Break a rule get control (8) 10 One from the country having drink after 6.50 (8) 11 Write short lines about upper-class poverty (6) 12 Rip
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  • SME
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      Lock icon Enjoying energy savings that don’t cost the earth
      1307 24  -  Barghest Building Potential doesn’t charge a cent for its energy-saving clean technology upfront, accepting payment only through what a firm saves By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore HOMEGROWN energy efficiency services start-up Barghest Building Potential (BBP) is dispelling the myth that environmental
      PHOTOS: BBP  -  1,307 words
    • Article, Illustration
      Lock icon Demystifying corporate strategy decision-making
      825 24  -  In multi-business firms, the best decisions aren’t always those that produce the best immediate outcomes By Phanish Puranam A version of this article first appeared on Insead Knowledge. The writer is a Roland Berger Chair professor of Strategy Organisation Design at insead. He is also an
      PHOTO: BLOOMBERG  -  825 words