The Business Times, 22 June 2016

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Total Pages: 24
1 24 The Business Times
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  • Title Section
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    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 22, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    188 1 Aviva Singapore has not only retained its groupemployee benefits account with the Ministry of Defence, but also secured the right to provide such coverage to the Ministry of Home Affairs. TOP STORIES 2 Google is the world’s most dynamic brand, going by the inaugural D100 list ranking the
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  • Article
    Lock icon Future Economy team looks for novel ways out of land shortage
    548 1  -  SINGAPORE’S FUTURE ECONOMY By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A SUB-GROUP of the Committee on the Future Economy (CFE) is looking at “innovative” approaches to overcome Singapore’s land constraints as the economy is being restructured. Not only is it
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  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,789.45 -11.42 KL COMP 1,637.69 +3.46 NIKKEI 225 16,169.11 +203.81 HANG SENG 20,668.44 +158.24 SHENZHEN B 1,068.18 -0.97 DOW(11.45AM EDT) 17,819.29 +14.42
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  • Article, Illustration
    Lock icon HDB reminds EC developers against dangling pre-sale carrots
    1199 1  -  The housing authority also says it will fully investigate any feedback on malpractice by EC developers or their marketing agents By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore THE authorities have weighed in on the issue of e-applications for executive condominiums (ECs), saying that
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      9 1 8 "887 1 8 1 *****1 TI1E BUSINESS TIMES
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      29 1 OFFICE LEASINGS Low rents draw big names into Marina Bay office spaces real estate /12 HOCK LOCK SIEW Stay calm, and don’t forget the Jardines HOCK LOCK SIEW 7
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      85 1 PROPERTY COOLING A price to pay for safe haven status Two decades of measures TOP STORIES 5 Bespoke living at the highest point of Orchard Road Elevated high above the city lights, on the apex of Orchard Road. Exquisitely appointed apartments set amidst a lush sprawling estate complete with resort
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  • TOP STORIES
    • Article
      Lock icon So we’ve innovated. Now what?
      673 2  -  COMMENTARY By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore REMEMBER that bubble tea fad that swept Singapore off its feet those many moons ago? That was sort of a bubble, wasn’t it? Today, instead of cups of saccharine goodness procured from bubble tea kiosks, artisanal coffees from
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    • Article
      Lock icon Aviva secures Mindef-MHA group insurance tender
      709 2  -  The insurer retains its group-employee benefits account with Mindef clinches the Ministry of Home Affairs’ as well By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IN what would be somewhat of a relief to Aviva Singapore, the composite insurer has not only retained its group-employee benefits
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    • Article
      Lock icon Increasing demand for contract employees: survey
      408 2  -  By J Lossini jlossini@sph.com.sg Singapore WHILE only one in three contract employees in Singapore is converted to a permanent position, they are increasingly being valued by employers, according to a survey by Page Personnel. According to a spokesman of the PageGroup, the reason why
      408 words
    • Article
      Lock icon Brexit vote in the balance as polls differ over which side leads
      736 2 BREXIT JITTERS BLOOMBERG London BRITAIN’S referendum on European Union membership remained too close to call two days before the vote, with separate polls showing leads for both sides and billionaire investor George Soros warning of a slump in
      BLOOMBERG  -  736 words
    • Article
      Lock icon PICTET
      263 2 Pictet-Absl Rtn Fxd Inc-HP EUR 16/06/2016 EUR 103,58 Pictet-Asian Equities Ex Japan-P USD 17/06/2016 USD 181,77 Pictet-Asian Local Currency Debt-P USD 17/06/2016 USD 149,99 Pictet-Biotech-P USD 16/06/2016 USD 572,14 Pictet-Clean Energy-P USD 16/06/2016 USD 70,44 Pictet-Digital Communication-P USD 16/06/2016 USD 233,98 Pictet-Em Lcl Ccy Dbt-P USD 16/06/2016 USD 153,93
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    • Article
      Lock icon Google ranked as most dynamic among 100 global brands
      675 4  -  New-world metrics defines the list, populated by tech, motor and consumer-goods firms B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore GOOGLE has emerged as the world’s most dynamic brand, going by the inaugural D100 list ranking the top 100 such companies using
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    • Article, Illustration
      Lock icon Misfiring Ronaldo’s final chance to be Portugal’s saviour
      652 4  -  EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT THE final four group games of Euro 2016 will be played on Wednesday night, but it is the fixture at the Stade des Lumieres in Lyon that will undoubtedly capture most of the football
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    • Article
      Lock icon Open economy forces government’s hand
      835 5  -  Easy flow of funds mean rules are needed to keep property asset prices in check PROPERTY COOLING By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore YOU can’t have it all. Industry players say that what makes Singapore so susceptible to housing bubbles is also its most attractive
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    • Article, Illustration
      Lock icon Chilling effect
      627 5  -  IT was 20 years ago when drastic cooling measures were first imposed on runaway housing prices in Singapore. Since then, government intervention has been a feature of the property sector here. The Business Times looks back on two decades of property policy measures and their effectiveness. BY LEE
      Sources: Knight Frank, BT; BT Graphics: Gareth Chung  -  627 words
    • Article
      Lock icon Market-calming moves, then and now
      1118 5  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore TWO decades ago, policymakers introduced Singapore’s first “anti-specula-tion measures” a comprehensive package of curbs that analysts thought would surely bring the property market to a standstill. But when the market did stall later, these more-stringent loan conditions and new
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      105 2 Singapore medical Specialists Centre One *D<zef One Stop One &entne Gastric and Colon Cancer Screening @S$1600* Procedure done by Senior Consultant Gastroscopy Colonoscopy Biopsy (if needed) Polyp Removal (if needed S$300) Medisave Claimable up to S$1900 *Terms Conditions Apply **Medisave withdrawal limit for the above procedures based on table of
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      706 4 A special feature brought to you by STJOBS LEARNING A survey conducted by government feedback unit, REACH earlier this year found that Singaporeans are most worried about job security in a slowing economy. And for good reason. Last year saw the fifth straight year of rising redundancies in Singapore, with
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon HK IPOs lift S’pore-based firms’ equity fundraising
      598 6  -  Amount raised up 79.3% at US$2.42b in H1 due mainly to BOC Aviation’s flotation; excluding HK IPOs, the H1 figure is 7% lower at US$1.26b By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore EQUITY capital market (ECM) fundraising by Singapore-based companies sped up in the
      Source: Thomson Reuters, Compiled by BT  -  598 words
    • Article
      Lock icon SingPost departures continue with COO Sascha flower’s resignation
      377 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE person in charge of Singapore Post’s operational transformation will be resigning from the postal company, following other recent high-pro-file departures. In a filing to the Singapore Exchange on Tuesday, SingPost said that group chief operating
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    • Article, Illustration
      Lock icon FLT notches up first-day gain
      508 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE second real estate investment trust (Reit) to list on the Singapore Exchange this year has done better than the first, though the bar was not that high to begin with. Australian industrial property landlord Frasers Logistics Industrial Trust
      Source: Bloomberg  -  508 words
    • Article, Illustration
      Lock icon Singtel to introduce mobile calls over WiFi in August
      662 6  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Telecommunication (Singtel) will roll out its commercial Voice-over-WiFi (VoWiFi) service from August this year, becoming the first telco to do so in Singapore. The telco’s existing 4G ClearVoice users with a VoWiFi-supported phone
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    • Article
      Lock icon SoftBank president Arora quits after founder Son decides to stay in charge
      614 6 BLOOMBERG Tokyo NIKESH Arora, president and chief operating officer of SoftBank Group Corp and touted as its heir apparent, will step down from the Japanese company in a surprise departure after founder Masayoshi Son made clear he wouldn’t
      BLOOMBERG  -  614 words
    • Article
      Lock icon Stay calm, and don’t forget the Jardines
      770 7  -  HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT THE first half of the year has been rocky for investors, but also a clear reminder of how financial markets exaggerate every fear and magnify every hope. ake oil prices. An investor who fell asleep
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    • Article
      Lock icon OKP Holdings snags PUB drainage project
      219 7 Singapore OKP Holdings’s wholly-owned subsidiary, Eng Lam Contractors, has won an S$ 18 million contract from national water agency PUB. OKP Holdings said on Tuesday that under the 30-month contract, Eng Lam will upgrade the drains and culverts for the drainage system along Lorong
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    • CORPORATE DIGEST
      • Article
        Lock icon Trendlines Group
        78 7 CATALIST-listed Trendlines Group has received Israeli government approval to expand its portfolio of companies, including those that deal with agricultural technologies. The Israel-based incubator said on Tuesday that the Office of the Chief Scientist (OCS) of the Israel Ministry of Economy had approved the request by its wholly
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      • Article
        Lock icon Eu Yan Sang
        153 7 THE consortium looking to take traditional Chinese medicine firm Eu Yan Sang private has received no objections from the Australian authorities on its move. The consortium, a special purpose vehicle called Righteous Crane Holding, said in a filing on Tuesday evening that with this non-objection from the
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    • Article
      Lock icon Former exec sues L Capital Asia
      630 7 BLOOMBERG Singapore AN Asian private equity unit backed by LVMH Moet Hennessy Louis Vuitton SE is being sued by a former executive, who is claiming he was fired for revealing wrongdoing at the business. Uday Mehra said in Singapore court documents that he had
      BLOOMBERG  -  630 words
    • Article
      Lock icon Tencent buys Clash of Clam maker Supercell for LSS8.6b
      396 7 REUTERS Beijing CHINA’S biggest gaming group Tencent Holdings Ltd is to buy a majority stake in Finland’s Supercell, which makes the Clash of Clans mobile game, from SoftBank Group Corp, in a deal valued at roughly US$8.6 billion. The purchase will
      REUTERS  -  396 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index June 21,2016 2,789.45 -11.42 (-0.41%) Current streak 1 day Day high 2,809.20 Day low 2,788.64 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 21,2016 440.39 +2.57 (+0.59%) Current streak 2 days Day high 440.39 Day low
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low DBXT MSJAP US$ 4751 190.3 3.1 5224/4031 DBXT Nifty US$ ***** 125.9 0.8 *****/***** DBXT STGLDv US$ 2991 105.8 2.7 3117/2731 DBXT MSTaiwan US$ 2039 80.4 3.0 2283/1667 JMH USD 5599 65.7 0.9 6103/4500 BY PERCENTAGE CLOSE UP 52w high/low Ley Choon 3.2
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low S i2i 132 -77.0 -36.8 214/30 GLD US$ ***** -72.4 -0.4 *****/***** SPDR S&P500 US$ ***** -45.6 -0.2 *****/***** DBS Bk 4.7% NCPS ***** -21.0 -0.2 *****/***** DBXT S&PShort US$ 2039 -18.8 -0.7 2393/2022 BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB eCW*****5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Ley Choon 347.0 0.032 +0.008 +33.33 Universal Res 24.2 0.230 +0.040 +21.05 Asian Micro 800.0 0.008 -0.001 -11.11 LH 31.4 0.600 +0.115 +23.71 S i2i 28.5 1.320 -0.770 -36.84 Amplefield Ltd 100.0 0.025 -0.010 -28.57 China Haida 51.2 0.017 -0.005 -22.73 Jason Marine 66.0 0.135
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    • Article, Illustration
      Lock icon Featureless trading ahead of UK vote
      624 8  -  Turnover poor despite boost from debut of Frasers Logistics and Industrial Trust STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT NOT surprisingly, trading on Tuesday was quiet, largely featureless and mainly weak ahead of Thursday’s UK referendum on whether to remain or exit the European Union.
      Source: Bloomberg  -  624 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 232 -3 235/231 253 209 6.6 6118.6 CapitaCom Trust 141.5 +1 143/140.5 157.5 122.5 6.1 4183.2 CapitaLand 301 -1 304/301 358 267 12 3 *****.5 CapitaMall Trust 202 -3 204/201 224 184.5
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    • Article
      Lock icon MOST ACTIVE
      40 8 VOLUME Frasers L&I Tr 140,236,700 Ezra 91,692,300 Noble 69,599,500 Loyz Energy 42,927,200 HPH Trust USD 29,214,500 Market volume 1,210,355,000 VALUE Frasers L&I Tr 128,194,350 DBS Grp 108,097,141 Singtel 54,104,318 OCBC Bank 32,413,376 CapitaMall Trust 28,555,476 Market value 959,120,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 21 VALUE CLOSE BT OB/OS -424.00 -146.00 BT CADI -*****.00 -37.00 BT 10-day MA -*****.00 -43.00 FTSE ST Mid Cap 663.25 -1.95 FTSE ST Small Cap 384.38 -0.72 FTSE ST All Share 680.07 -1.98 FTSE ST China Top 157.65 -0.85 FTSE ST China 185.85 -1.70 FTSE
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    • Article
      Lock icon SGX ETFs
      106 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 285 516 286/284 343/254 284/285 DBXT MSRussia US$ US194 -2 73 196/194 214/129 194/195 DBXT MSPAKIS US$ US203.6 -1.2 41 204/203.6 213.8/169.8 201.7/202.7 10 DBXT MSBrazil US$ US309 +20 23 309/308 362/190 308/309 Nikko
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index June 21,2016 680.07 -1.98 (-0.29%) Current streak 1 day Day high 684.18 Day low 679.72 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index June 20,2016 1,653.19 +57.86 (+3.63%) Current streak 2 days Day high 1,655.90 Day low 1,610.36 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 SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 1 0 0 6 7 3 Manufacturing 31 38 31 3 4 11 34 42 42 Commerce 17 11 14 1 4 4 18 15 18 Tpt/Stor/Comms 5 12 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,695 4,586 18,281 39,409 897 40,307 Manufacturing 48,181 42,548 90,729 61,445 598 62,043 Commerce 93,105 61,003 154,108 82,571 1,618 84,189 Tpt/Stor/Comms 172,124 2,087 174,211 141,918 189 142,107 Finance 35,231 13 35,244 185,601 2 185,602 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore market
        156 8 OCBC Investment Research, June 21 AS book makers slashed the odds of a Brexit scenario from a high of 44 per cent to 31 per cent after the tragic death of a United Kingdom (UK) lawmaker, markets went into a risk-on mode with global equities rallying firmly yesterday.
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      • Article
        Lock icon CapitaLand | Neutral
        149 8 CapitaLand Neutral June 21 close: S$3.01 Target price: S$3.15 RHB Research institute Singapore, June 21 CAPITALAND’S wholly owned subsidiary The Ascott Limited has added seven new serviced residences across Asia with 1,714 units under its belt. The properties are located in Karawang in Indonesia; Putrajaya in Malaysia; Danang in Vietnam;
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      • Article
        Lock icon ComfortDelGro Corporation | Buy
        135 8  - ComfortDelGro Corporation Buy Compiled by Claire Huang June 21 close: s$2.73 Target price: S$3.16 UOB Kay Hian, June 21 WE analysed the potential implication of the Brexit on its UK operations. Given that much of ComfortDelGro’s earnings stem from the more resilient bus segment, we believe downside impact is limited,
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    • Article
      Lock icon CALENDAR
      9 8 DATA I June 22 Singapore COE Bidding Results
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    • Article
      Lock icon £ makes sterling rebound as Brexit fears wane
      447 9 makes sterling rebound as Brexit fears wane CURRENCIES REUTERS London STERLING climbed to its highest since early January against the US dollar on Tuesday, after opinion polls suggested the campaign to keep Britain in the European Union was edging back into the lead. Two opinion polls on Monday indicated the
      REUTERS  -  447 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.957 4.930 0.661 5.816 50.593 99.525 0.783 8.648 3.030 1.050 78.470 34.760 1.005 11.022 0.719 24.157 26.369 0.509 0.750 Canada 1.045 5.152
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        154 9 Jun21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0039 1.0052 0.7493 0.7498 Canadian dollar 1.0494 1.0504 0.7835 0.7833 Euro 1.5196 1.5210 1.1342 1.1346 NZ dollar 0.9561 0.9573 0.7136 0.7141 Sterling pound 1.9733 1.9750 1.4728 1.4732 US
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Jun21 S$ Bid Offer 1-month 1.3399 1.3409 2-months 1.3402 1.3412 3-months 1.3407 1.3416 6-months 1.3419 1.3431 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 9 Most active Jun 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.9 0.2 8420 0.1 1620 4 UOB MB eCW*****1 9.2 unch 3856 0.1 1850 4 STI 2950 MB eCW*****1 2.2 unch 3250 0.0 2
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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 20 Index Change Change Change Change Change Change World Preliminary 1254.5 1.7 -1.8 1.5 -4.9 2.1 0.4 EAFE Preliminary 925.3 2.7 -8.7 3.0 -8.8 3.6 -3.7 Europe Preliminary 1323.7 3.0 -6.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        384 9 Jun 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9217.50 9330.00 9180.00 9200.00 *****9 *****3 Jul16 9090.00 9210.00 9065.00 9090.00 ***** ***** NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****0 Dec16 *****.00 *****.00 *****.00 *****.00 49 5374 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 21 $S Offer Bid 0vernight 0.03 Par 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.08 US$ 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
        65 9 Jun 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.08 5-Year NX*****X 2.250 01-Jun-21 103.11 103.30 103.16 10-Year NX*****F 2.125 01-Jun-26 100.31 100.55 99.90 15-Year NZ*****F 2.875 01-Sep-30 106.01 106.30 106.05 20-Year NZ*****V 3.375 01-Sep-33 113 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-20 Price Net change change Last Trade Agricultural Jun-20 CBOT Soybeans (US cents/bu) 1143.50 -16.00 -1.38% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.64 -0.29 -0.91% 14/07/2016 CBOT Wheat (US cents/bu) 473.00 -8.25 -1.71% 14/07/2016 Jun-20 LIFFE Cocoa (£/tonne) 2263.00 -23.00 -1.01% 14/07/2016 LIFFE Coffee (US$/tonne) 1665.00 20.00 1.22%
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    • Article
      Lock icon SGX MAINBOARD
      1715 10 Transaction date: Jun 21 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 134 -1 552 136 134 0.9 8.5 852.9 Div 170.7 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      274 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW 19.9 8.3 t Anchor Resources 11.3 +0.3 ***** 11.8 11 31.6 Sale ('000) High LOW C'vr P/E 25.5 8.8 t 3Cnergy 10
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    • Article
      Lock icon SGX ETF
      97 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3942 2355 DBXT China50 US$ US2771 +18 11 2775 2762 7.6 362 190 DBXT MSBrazil US$ US309 +20 23 309 308 1613 995 DBXT MSCHINA US$ US1152
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      374 7 Stone Forest IT It's all about gyp “CONTROL" Automate online banking payment Speed up payment approvals Expedite purchase approvals Check out our add-on tools for Sage 300 (formerly known as Accpac) to increase work productivity in your hands Vfl www.StoneForestlT.com.sg lnfo(a)StoneForestlT.com.sg T+65 6594 7594 Beef Up Your Finances Call 1800
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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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      3785 11 NOTICE OF ANNUAL GENERAL MEETING SINGAPORE POST LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****1623M NOTICE IS HEREBY GIVEN THAT THE 24THANNUAL GENERAL MEETING of Singapore Post Limited (the “Company”) will be held at Level 3, Summit 1, Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard,
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Low rents draw big names to Marina Bay office spaces
      1238 12  -  Mitsui looking at 80,000 sq ft at Asia Square Tower 2; PwC in advanced talks for 180,000 sq ft at Marina One By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SEVERAL big potential office leasing deals involving relocations are in motion, as
      FILE PHOTO  -  1,238 words
    • Article, Illustration
      Lock icon Marina Bay Grade A+ rents weaken further
      702 12  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PREMIUM grade office rentals continued to weaken this quarter amid pressure from upcoming big office project completions and weak demand, resulting in heightened competition for tenants, according to latest figures from Knight Frank. The property consultancy said
      Source: Knight Frank Research  -  702 words
    • Article, Illustration
      Lock icon Marina One tops out; secures 550,000 sq ft of office leasing deals
      437 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE freshly “topped out” Marina One has secured office leasing precommitments of over half a million square feet, said M+S Pte Ltd on Tuesday. “These are some of the largest of- fice
      FILE PHOTO  -  437 words
  • Page 12 Advertisements
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      101 12 (@)JUInternational Residential Property Services +65 8125 7636 Vanessa Chan CEA Registration No. R*****31 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
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      61 12 Malvern Language Centre Singapore We offer the following courses: Business English for Busy People Beginner Conversational Mandarin Course w Comprehensive notes provided pa- Experienced expert teachers ns- Only $380 for 30 hours course with certificate of attendance *PIC grant available (60% off for corporate training) m 8422-9337 Q 167 Jalan
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      37 12 EMINENT SINGAPORE NATIONAL ARTIST MR CHOO KENG KWANG ART EXHIBITION Finest works from different period of times FREE ADMISSION, 6 days only H 19th June to 24th June 10am to 7pm Hotl,ne #02-05/06, People’s Park Complex *****628
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  • BANKING & FINANCE
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      885 13 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Approximately 2 Years (non-benchmark) SGD 1,800,000,000 SGD 1,000 Nil N*****0H (Reopened) SG********** 01 July 2016 01 October 2019 1.625% p.a. To be determined at the auction 01 April and
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Indonesia’s biggest cement firm looks offshore amid glut
      518 14 State-controlled PT Semen Indonesia may expand into Bangladesh, Sri Lanka and the Maldives, says its new chief BLOOMBERG Jakarta INDONESIA’S biggest cement producer is looking offshore as a supply glut damps profits at home, says the company’s new president director. Rizkan Chandra,
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    • Article
      Lock icon BHP Billiton steps up coal output, slices costs, eyes acquisitions
      508 14 REUTERS Melbourne TOP global miner BHP Billiton outlined plans to boost coal output by 8 per cent over the next three years while slashing costs, and said that it would only consider premium, lowest-cost assets for any acquisitions. BHP Billiton,
      REUTERS  -  508 words
    • Article
      Lock icon Nespresso to sell Cuban coffee in US
      401 14 REUTERS Los Angeles NESTLE SA’s Nespresso said that it will become the first company to sell Cuban coffee in the United States in more than 50 years, as relations between the Cold War adversaries smooth. The US State Department in April added coffee
      REUTERS  -  401 words
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      Lock icon Japan’s onsen tradition stymies development of geothermal energy
      883 14 BLOOMBERG Tokyo WITH centuries of tradition on their side, Japan’s horde of naked bathers remain unmoved by the island nation’s bid to tap a rich reserve of power equivalent to about 20 nuclear reactors. The resource-poor country, which last year spent 18.2
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      96 14 Hospitality Investment Conference Vietnam Uncovering your next hospitality investment opportunity in Vietnam E SAIGO FEATURED SPEAKERS Cv l 1 d -a w Frederick Burke Anton Jurgens Ken Atkinson Colin Pine Danny Tse Managing Partner, General Manager, Vice Chairman, General Director, Head of Hotel Baker McKenzie EXO Travel (Vietnam) Vietnam Tourism
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      16 14 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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  • TECHNOLOGY
    • Article
      Lock icon US seeks to clear the air for 5G wireless
      432 15 Federal Communications Commission to vote on July 14 on a proposal that aims to allocate spectrum for the ultrafast wireless technology AFP Washington US AIRWAVES should get ready soon for 5G wireless, the promising next generation of mobile networks that will
      AFP  -  432 words
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      Lock icon Emojis go from chat subculture to corporate tools
      1151 15 NYT New York AT LAST week’s Worldwide Developers Conference, Apple’s annual showcase of new tech, the company announced a special texting feature coming soon to iPhones near you. “You know, sometimes you’ve typed a whole message and you realise at the end
      NYT; PHOTO: BLOOMBERG  -  1,151 words
    • Article
      Lock icon Dell sells software unit, streamlines firm ahead of merger with EMC
      559 15 BLOOMBERG Hong Kong DELL Inc agreed to sell its software unit to buyout firm Francisco Partners Management LLC and the new private equity arm of hedge fund Elliott Management Corp, streamlining the company ahead of its planned merger with
      BLOOMBERG  -  559 words
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      65 15 “Many of the issues you write about come down to our social culture...I agree with you that it’s this culture, the everyday interactions and quality of relationships, starting from when kids are growing up, that’s at the heart of the future we want...” THARMAN SHANMUGARATNAM Deputy Prime Minister in a
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      51 15 comex SINGAPORE’S BIGGEST I.T. AND CONSUMER ELECTRONICS EXHIBITION BOOK YOUR SPACE! SELL YOUR TECH PRODUCTS 6 SERVICES TO THOUSANDS OF CONSUMERS DIRECTLY 8-11 SEP 2016 SUNTEC SINGAPORE 13.486 TRADE-IN STAR BUYS BAMEX YOUR BOOTH j Tel: 6747 4620 Kl sales@exhibitsinc.com.sg www.comexshow.com.sg n ComexITShow ORGANISED BY: Exhibits Inc A SUBSIDIARY Of
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      59 15 J U N 1 6 28T U E S D AY SPH News Centre 9.30am to 6.00pm NEGOTIATION 9.30am to 6.00pm GETTING THE BEST DEAL Trainer Kevin Ryan Early Bird by 23 Jun $489 Price From 24 Jun $589 Productivity and Innovation Credit (PIC) Claimable To register or find out
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  • CONSUMER
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      293 16 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
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      126 16 V > OPB© r ASIA 2 0 16 29JUNE-1 JULY GRAND PRIZE DRAW w Level 1, Hall A, Sands Expo Convention Centre Marina Bay Sands, Singapore PLATINUM SPONSORS < WIN GREAT PRIZES at OFFICE EXPO ASIA PRE-REGISTER ONLINETO RECEIVE A GAME CARD WHEN YOU ARRIVE 'Terms Conditions apply. Exchange the
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      23 16 < r ill Property Tracker L Your Home’s Worth, What? Price $2M $938, Year <§?■ rS? f Historical Sale Rental value of your home SRX.com.sg/property-tracker
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  • TRANSPORT
    • Article, Illustration
      Lock icon India retains restrictions on foreign carriers’ stake
      719 18 They are barred from raising their stakes in local carriers beyond 49 per cent but other foreign entities such as funds and portfolio investors can fully own local airlines BLOOMBERG Mumbai INDIA retained restrictions that prevent overseas airlines from raising stakes in local
      BLOOMBERG; PHOTO: AFP  -  719 words
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      Lock icon AirAsia chief moots benefits of common ownership of Asean airlines
      680 18  -  By btworld@sph.com.sg Pauline Ng btworld@sph.com.sg Kuala Lumpur AVIATION tycoon Tony Fernandes believes common ownership of Asean airlines would allow for more effective use of capital but national pride remains a major stumbling block. He is also of the opinion the
      PHOTO: AFP  -  680 words
    • Article
      Lock icon Shanghai is front runner for Tesla production base in China
      455 18 BLOOMBERG Beijing SHANGHAI has emerged as the front runner to become the production base for Tesla Motors in China in an investment that may be valued at about US$9 billion, according to a person with knowledge of the matter. Jinqiao
      BLOOMBERG  -  455 words
    • Article
      Lock icon A monopoly could be the solution for container shipping
      1283 18  -  STRAIT TALK BY DAVID HUGHES AT one time, and until quite recently in fact, the idea of Singapore letting go of Neptune Orient Lines (NOL) would have been unthinkable. But that is what is happening now, with French container giant CMA
      1,283 words
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      245 19 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 296 PRW009 21/06/2016 22/06/2016 Perawang/Perawang DAILY Marco Polo 148 BST305 21/06/2016 22/06/2016 Buatan/Buatan DAILY Marco Polo
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  • OPINION
    • Article
      Lock icon Black and white framing of complex issues can lead to erosion of civility
      540 20 EDITORIAL THE mass shooting at a gay nightclub in Orlando, Florida on June 12 which resulted in the death of 49 people was followed a few days later by the killing of British Labour Party Member of
      540 words
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      Lock icon It takes courage to be a bookseller in Hong Kong
      722 20  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1. LAM Wing-kee. Lam Wing-kee. Lam Wing-kee. Remember that name. That is a name that should go down in history
      722 words
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      Lock icon Trump will be Trump will be Trump
      1477 20  -  The Donald’s supporters contend that he emerged as a winner by not subscribing to Republican dogmas and by subverting politically correct codes By Leon Hadar Washington Members of the so-called Republican Establishment had a dream: Presumptive Republican presidential candidate Donald J Trump playing
      PHOTO: REUTERS  -  1,477 words
    • Article
      Lock icon Despite EU flaws, continued membership is best choice for Britain
      1003 21  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics. The British electorate decides on Thursday, in perhaps the most important decision facing
      1,003 words
    • Article
      Lock icon UK businesses better off if Britain quits the EU
      498 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-own-ers no
      498 words
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      Lock icon P2P platforms must be more transparent for sustainability
      874 21  -  Lending involves not only matching investors and borrowers; there is a great deal of work involving risk monitoring and restructuring of deals with fund seekers. BY MARCUS HO seekers.BY MARCUS HO T The writer is an author and avid investor in crowdfunding
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  • LIFE & CULTURE
  • Page 22 Miscellaneous
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      292 22 CRYPTIC CROSSWORD Across 1 Means hail storms may be seen (8) 6 Club well-qualified people run (6) 9 A turbulent river reach (6) 10 Publican’s profits they’re cheap at the price (8) 11 Recorder involved in test case (8) 12 Put in grave wrong note given to doctor! (6) 13
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  • EXECUTIVE MONEY
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      Lock icon Indonesia needs to ‘get fiscal’
      878 23  -  With state coffers down 9.9% in April, sound fiscal policy is critical to boost growth.BY MONEY MATTERS growth.BY DEYI TAN The writer is an Asean economist for Morgan Stanley INDONESIA has one of the strongest structural stories in Asean, and we think 2015 likely marked
      PHOTO: BLOOMBERG  -  878 words
    • Article
      Lock icon China’s currency losing its shine in global markets
      679 23 BLOOMBERG Beijing LAST week’s decision by MSCI not to include Chinese shares in its primary emerging-markets stock index has been viewed widely and rightly as a blow to China’s hopes of internationalising its financial sector. There’s worse news, though: Even the progress
      BLOOMBERG  -  679 words
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      Lock icon Bright outlook seen for take-up of ETFs in Asia
      689 24  -  Innovations such as smart beta funds are expected to drive growth. BY GENEVIEVE CUA growth.BY GENEVIEVE CUA WEALTH managers in the Asia-Pacific are expected to drive flows into exchange-traded products and funds, particularly through fee-based advisory and discretionary portfolio services, said
      Source: Blackrock  -  689 words
    • Article
      Lock icon Hedge funds sense profit in shock waves after Brexit
      378 24 BLOOMBERG London HEDGE-FUND managers are sensing opportunity. After enduring the worst first-quarter returns since the start of the financial crisis, the prospect of Britain voting to leave the European Union is creating the market turmoil that can make them money. As
      BLOOMBERG  -  378 words
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      344 23 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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      490 24 Exploring the unknown Howdoyoudealwithtransitionsintheglobaleconomyandrisingvolatility? China’stransitionfromaninvestment-ledeconomytoonedrivenbyconsumer spending,theUSFederalReserve’stransitiontohigherinterestrates,volatile energypricesandEurope’sevolutionasapoliticalbloc–howpreparedareyou totreadintounfamiliarterritory? Global investment outlook Several major countries that together account for around a quarter of the world’s GDP have negative interest rates now. While assets such as stocks, bonds, and real estate markets globally have responded positively to the introduction of quantitative easing,
      490 words