The Business Times, 27 June 2016

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Total Pages: 27
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, June 27, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    234 1 The UK’s exit from the European Union could put in peril existing trade deals between China and the UK but it could also give China leverage over the country, say analysts.TOP STORIES 2 The broader South Asian region, not just India, will see one billion new middle-class consumers
    234 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,735.39 -28.03 KL COMP 1,634.05 +9.87 NIKKEI 225 14,952.02 -647.64 HANG SENG 20,259.13 +89.15 SHENZHEN B 1,068.10 -7.50 DOW 17,400.75 -274.41
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  • Article, Illustration
    Lock icon Central bankers vow to intervene in volatile markets amid Brexit discord
    764 1  -  UK political leadership faces deep split even as opposition’s shadow Cabinet rebels; EU leaders seek urgent start to talks with Britain By Neil Behrmann btworld@sph.com.sg London CENTRAL banks have agreed to back the Bank of England (BOE) and intervene
    764 words
  • Article
    Lock icon Japan prepares battle lines to counter effects of Brexit
    995 1  -  By Anthony Rowley btworld@sph.com.sg Tokyo MONDAY is set to be a big day of battle for Japanese authorities as they struggle to contain the fallout on the yen and the Tokyo stock market of last week’s “Brexit” shock which dealt a
    995 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon More volatility in financial markets likely this week
      902 2  -  Long-term economic effects are expected to be more muted for the US and rest of the world, than for the UK BREXIT IMPACT By Rob Curran btworld@sph.com.sg WITH its epicentre in Britain, the biggest “earthquake” since the failure of Lehman Brothers hit
      PHOTO: REUTERS  -  902 words
    • Article, Illustration
      Lock icon Scotland could veto Brexit laws: Sturgeon
      660 2 AFP London SCOTLAND’S Parliament would consider blocking legislation on Britain’s exit from the European Union if that were necessary to protect Scottish interests, First Minister Nicola Sturgeon said on Sunday. Scotland, a nation of five million people, voted to stay in the EU by
      AFP; PHOTO: AFP  -  660 words
    • Article
      Lock icon UK trade deals at stake but little impact seen on Chinese growth
      787 2  -  By Virginie Mangin btworld@sph.com.sg Beijing THE exit of the United Kingdom from the European Union could put in peril existing trade deals between China and the UK and make it harder for Chinese companies there to enter the
      787 words
    • Article
      Lock icon UK air passenger numbers to be 3-5% lower by 2020 after Brexit, says Iata
      677 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE number of air passengers in the United Kingdom may be 5 per cent lower by 2020 following a vote to have Britain split from the European Union, said the
      677 words
    • Article, Illustration
      Lock icon 2001: The terror attacks that changed the world
      338 4  -  US deals with tragedy; Singapore banks merge; HDB builds to order. BY VIVIEN SHIAO, KENNETH LIM OUR commercial jets crashed in the United States on Sept 11, 2001, three into heavily occupied buildings, in the world’s deadliest ever terror attack. The tragedy
      Photo: Robert, Flickr; BT Graphics: Andrea Lee & Dania Amiril  -  338 words
    • Article, Illustration
      Lock icon S Asia will see 1b new middle-class consumers: O&M
      968 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE broader South Asian region (not just India) will be the epicentre of future middle-class growth paving the way for one billion new middle-class consumers to emerge who will “change the shape” of the
      968 words
    • Article, Illustration
      Lock icon Brexit is an additional adjustment to a ‘risky trinity’: BIS
      680 4  -  The triad being the 3 threats to global growth, as the “bank for central banks” sums up By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE prospect of the United Kingdom leaving the European Union represents another risk that central banks around
      PHOTO: BLOOMBERG  -  680 words
    • Article
      Lock icon Brexit could play a part as Spain heads for polls again
      539 4 AFP Madrid JUST days after a shock “Brexit”, Spaniards started voting in repeat elections on Sunday to decide if they too want a radical change as promised by a far-left coalition led by Podemos. The polls, which opened under
      AFP  -  539 words
    • Article, Illustration
      Lock icon Food Bank’s mission to help Singapore’s needy
      920 5  -  One challenge for the organisation is maintaining a constant stream of donations to purchase food, because food is perishable and much of it cannot be stocked up COMPANY OF GOOD By Gladys Yeo gladyeo@sph.com.sg Singapore Being in the food distribution business, co-owner of
      920 words
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  • WEALTH PLANNING
    • Article, Illustration
      Lock icon Keeping it in the family
      1072 3  -  Trust structures have emerged as a key tool for succession planning among high net worth individuals in the region. BY FRANCIS KAN MORE rich families in Asia are turning to trust services offered by banks to ensure a smooth transfer of wealth from one generation
      1,072 words
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      Lock icon Page 3 Advertisements Column 1
      126 3 Brought to you by BANKOFSINGAPORE Asia's global private bank What can we give a man who has everything? 0 B til 1 i ,\N 4 6 1 *2 t > .v 4 I? We give him time to be a student again. You've come this far and achieved so much.
      126 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon The digital journey: evolution or revolution?
      940 6  -  The need to constantly re-steer and re-invent isn’t just a desirable business school concept anymore; it’s now a basic survival trait. BY STEPHEN RAJ T The writer is a member of the Conference Committee of the Singapore institute of Directors DIGITAL is fast becoming
      PHOTO: REUTERS  -  940 words
    • Article, Illustration
      Lock icon In the world of private banking, it’s all about trust
      1070 6 For BOS’s Derrick Tan, this holds true when it comes to clients, staff and supervisors. BY LEE U-WEN TOPLINE leeuwen@sph.com.sg @LeeUwenBT THE word “trust” crops up many times during the interview with Derrick Tan, one of the most senior private
      1,070 words
    • Article, Illustration
      Lock icon Muted response to Brexit
      1600 7  -  Just 10 SGX-listed firms made 15 repurchases worth S$7.98m on Friday amid 2.09% drop in the market. BY ROBERT HALILI INSIDE MARKETS market.BY ROBERT HALILI T The writer is managing director, Asia insider Ltd Singapore-listed firms’ response to Friday’s Brexit selloff was tepid, with just 10
      BT Graphics  -  1,600 words
    • Article, Illustration
      Lock icon Banks reduce dark pool trading as Brexit slams US markets
      610 7 Friday’s trading volume up as much as seven-fold, slowing some opening stock auctions BLOOMBERG London BRITAIN’S vote to leave the European Union kicked off a torrent of volume in markets around the world last Friday, prompting banks to cope with
      BLOOMBERG; PHOTO: AFP  -  610 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist WEEKLY Straits Times Index June 24,2016 2,735.39 -28.03 (-1.01%) Current streak 1 day Week high 2,800.87 Week low 2,735.39 52-week high 3,353.45 (July 17, 2015) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index June 24,2016 432.62 -2.25 (-0.52%) Current streak 1 day Week high 440.39 Week
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    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 -6 237/226 253 209 6.7 6065.9 CapitaCom Trust 139.5 -1 143/136.5 157 122.5 6.2 4124.1 CapitaLand 289 -10 304/287 358 267 11.6 3.1 *****.6 CapitaMall Trust 200 -5 207/196 224 184.5
      305 words
    • Article, Illustration
      Lock icon Next up ... the Trump factor?
      552 8  - Next up the Trump factor? STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IN a world where a reality TV personality may end up as the world’s most powerful politician, one whose most telling contribution to cultural advancement are the words “you’re fired!”, should it come as any surprise that the people
      552 words
    • Article
      Lock icon GAINERS
      72 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 8010 412.1 3.9 8403/6250 GLD US$ ***** 359.3 2.2 *****/***** Prudential USD 1780 123.4 5.4 2500/1689 DBXT MSAsExJp US$ 3232 111.2 2.6 3782/2772 DBXT MSTaiwan US$ 2045 89.5 3.3 2283/1667 BY PERCENTAGE CLOSE UP 52w high/low Asian Micro 1.8 100.0
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -367.4 -1.3 *****/***** SPDR DJIA US$ ***** -288.8 -1.2 *****/***** DBXT MSEurope US$ 5000 -169.5 -2.4 6089/4770 DBXT S&P500 US$ 3465 -158.6 -3.3 3650/3126 JMH USD 5430 -143.7 -1.9 6103/4500 BY PERCENTAGE CLOSE DOWN 52w high/low DBS MB eCW*****5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE M Development 2,000.0 0.002 -0.002 -50.00 CFM 30.0 0.030 -0.002 -6.25 Serrano 187.0 0.013 +0.003 +30.00 Pavillon 30.1 0.070 +0.025 +55.56 C&G Env Protect 94.0 0.160 -0.030 -15.79 Soup Restaurant 88.7 0.215 +0.023 +11.98 WE 18,100.0 0.004 -0.001 -20.00 VibroPower 11.3 0.280 +0.020 +7.69 CNMC
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Ezra 308,995,200 Noble 231,442,400 Frasers L&I Tr 195,440,600 Annica 157,386,900 Alliance Mineral 129,994,000 Market volume 6,082,185,000 VALUE DBS Grp 593,522,867 Singtel 377,872,475 OCBC Bank 286,448,789 UOB 215,518,961 Frasers L&I Tr 178,559,568 Market value 5,046,922,000
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    • Article
      Lock icon SGX ETFs Most Active
      112 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 280 -1 3940 287/278 343/254 279/280 DBXT MSRussia US$ US185 -5 994 196/177 206/129 186/187 IS MS INDIA US$ US668 -12 848 698/654 780/575 664/668 83.5 Nikko AM STI ETF 285 cd unch 650
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    • Article
      Lock icon COMPANY MEETINGS
      79 8 COMPANY MEETING PLACE DATE TIME Ascendas Hospi Tr A Orchard Hotel Singapore Orchard Ballroom 3 (Lvl 3) 442 Orchard Road 27-Jun 2.30pm Versalink Hldgs A 8 Wilkie Road #03-01 Wilkie Edge 27-Jun 11.00am Ascendas Fd Mgmt A Orchard Hotel Singapore 28-Jun 3.00pm E 442 Orchard Road 3.30pm Orchard
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jun 24 VALUE CLOSE BT OB/OS -642.00 -183.00 BT CADI -*****.00 -224.00 BT 10-day MA -*****.00 -65.00 FTSE ST Mid Cap 653.18 -7.35 FTSE ST Small Cap 379.27 -5.31 FTSE ST All Share 668.13 -12.21 FTSE ST China Top 155.53 -2.96 FTSE ST China 184.46 -2.16 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY ftse ST All-Share index June 24,2016 668.13 -6.87 (-1.02%) Current streak 1 day Week high 682.05 Week low 668.13 52-week high 801.81 (July 17, 2015) 52-week low 629.34 (Feb 12, 2016)
      36 words
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      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index June 24,2016 1,567.26 -28.07 (-1.76%) Current streak 1 day Week high 1,687.04 Week low 1,567.26 52-week high 1,898.82 (June 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 11 1 1 0 0 6 11 1 Manufacturing 40 79 20 12 19 12 52 98 32 Commerce 25 27 12 7 9 4 32 36 16 Tpt/Stor/Comms 9 23 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 84,095 11,496 95,591 272,660 2,268 274,928 Manufacturing 400,557 345,133 745,690 445,321 4,802 450,123 Commerce 361,013 171,538 532,551 378,548 3,872 382,420 Tpt/Stor/Comms 777,301 35,583 812,884 878,095 3,350 881,445 Finance 153,894 195 154,089 1,199,136 26 1,199,162 Construction
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    • Article
      Lock icon Brexit’s commodity price impact won’t last despite drag on investments
      781 8 COMMODITIES BLOOMBERG London THE UK decision to quit the European Union probably sparked the country’s biggest impact on global commodity markets in decades. It may not last. While the surprise result of the June 23 referendum sent gold surging and
      BLOOMBERG  -  781 words
    • Article
      Lock icon Brexit vote catches many US firms by surprise
      414 9 CURRENCIES REUTERS New York/Chicago THE risk that Britain could yank itself out of the European Union had been telegraphed for over a year, but even US companies with “Brexit” contingency plans have said that they were shocked that it is now on
      REUTERS  -  414 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jun 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.962 4.888 0.664 5.739 50.213 98.891 0.762 8.696 3.032 1.048 77.493 34.727 1.003 11.007 0.719 24.016 26.147 0.536 0.740 Canada 1.039 5.081
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      • Article, Illustration
        Lock icon INTERBANK CURRENCY RATES
        153 9 Jun 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0024 1.0035 0.7394 0.7399 Canadian dollar 1.0420 1.0427 0.7689 0.7686 Euro 1.5102 1.5113 1.1140 1.1144 NZ dollar 0.9563 0.9572 0.7054 0.7058 Sterling pound 1.8709 1.8722 1.3800 1.3805
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Jun24 S$ Bid Offer 1-month 1.3559 1.3567 2-months 1.3564 1.3572 3-months 1.3570 1.3579 6-months 1.3587 1.3596 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
        3 words
      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jun 24 $S Offer Bid 0vernight 0.10 0.05 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.10 US$ Offer Bid 7 days 0.50 0.40 1 month 0.52 0.42 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
        69 9 Jun 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.12 99.12 99.08 5-Year NX*****X 2.250 01-Jun-21 103.66 104.00 103.35 10-Year NX*****F 2.125 01-Jun-26 101.94 102.35 101.00 15-Year NZ*****F 2.875 01-Sep-30 108.13 108.90 106.85 20-Year NZ*****V 3.375 01-Sep-33 115.49
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 9 Jun 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9195.00 9282.50 8985.00 9157.50 *****7 *****3 Jul16 9090.00 9175.00 8867.50 9055.00 *****5 *****2 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****6 *****8 Dec16 *****.00 *****.00 *****.00 *****.00 87 5345 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        208 9 Jun 24 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.3 -1 ***** 0.1 1620 4 UOB MB eCW*****1 7.3 -0.9 ***** 0.1 1850 4 STI 2950 MB eCW*****1 1.5 -0.5 ***** 0.0
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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 24 Index Change Change Change Change Change Change World Preliminary 1225.0 -3.5 -4.1 -3.6 -7.4 -4.2 -2.6 EAFE Preliminary 893.5 -5.3 -11.8 -6.5 -13.1 -7.1 -8.6 Europe Preliminary 1286.4 -5.1 -8.9
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jun-24 Price Net change change Last Trade Agricultural Jun-24 CBOT Soybeans (US cents/bu) 1103.00 -21.50 -1.91% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.99 -0.76 -2.39% 14/07/2016 CBOT Wheat (US cents/bu) 454.75 0.50 0.11% 14/07/2016 Jun-24 LIFFE Cocoa (£/tonne) 2343.00 57.00 2.49% 14/07/2016 LIFFE Coffee (US$/tonne) 1643.00 -41.00 -2.43%
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    • Article, Illustration
      Lock icon Russian oil company up for sale – again
      1144 10 Russian oil company up for sale again Although investors will bite at the right price, Bashneft's sale and many others around the country will reinforce Russia's reputation in global markets for uncertainty NYT MOSCOW FOR sale in Russia this summer: one repossessed asset, well loved and maintained. Seller is motivated.
      NYT; PHOTO: REUTERS  -  1,144 words
    • Article
      Lock icon PRIME LENDING RATES
      238 10 Jun 24 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
      238 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      786 10 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl by 448.600 22-Mar 24-Mar 15-Jul 17-Mar Acromec Ltd aw 0.300 08-Jul 12-Jul 20-Jul 02-Jun AEM Hldgs aw 0.500 05-Jul 08-Jul 22-Jul 03-May AIMS Property Sec Fd do 0.183 28-Jun 30-Jun 16-Sep 22-Jun Ban Leong Tech ak
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    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1219 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.07 8.84 0.93 0.59 AIMS AMP Cap Industrial Reit 1.00 1.00 4 0.11 12.25 1.50 1.33 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      1989 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week 151.5 127 AIMSAMP Cap Reit 133.5 unch 2916 136 132.5 0.9 8.5 849.7 Div 170.7 101 ARA Asset Mgmt 132 -2.5 2354 138
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    • Article
      Lock icon SGX CATALIST
      361 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week Div GrYld 0.9 0.2 t Advanced Systems 0.2 unch 1331 0.2 0.2 5.3 MCap 16.2 4.5 t Alliance Mineral 7.7 +1.9 *****4 8.3 5.9 30.3 LOW 19.9 8.3
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    • Article
      Lock icon SGX ETF
      212 12 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 132 97 CIMB APAC Div S$D 104.9 unch 52 104.9 104.5 101.9 69.1 CIMB APAC Div US$ US76.3 -2.4 0 78.3 76.3 8 1293 991 CIMBASEAN40 S$D 1121 +15 0
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      217 6 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LO PTE LTD Registration No. *****3724W (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the Members of
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      7 6 T For more articles, go to btd.sg/BMatters
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      130 7 DB Platinum Crod Branchen Stars R1C-A 20/06/2016 223,29 EUR BoD) The Best Way To Inspire Your Employees Is To Say Before 2 Million Readers Employees are the main driving force of a company’s success, and they deserve recognition. It’s time to put these unsung heroes in the spotlight. Pay a
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      92 12 SGX^ Research like a pro. SGXS 01 mm r J rinrrni m r mi I i wilt it mi r > u Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only. It
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Airbnb lobbies city leaders to stay legit
      707 13 It is making headway as municipalities encourage growth of sharing economy NYT New York EARLY this year, Mike Quinn, a lawyer in the art world, moved from the West Village to the East Village, into an apartment in an eight-unit building on Third
      NYT; PHOTO: REUTERS  -  707 words
    • Article
      Lock icon Asian investors eye UK property after Brexit fallout
      512 13 AFP Hong Kong WITH property prices in Britain predicted to plummet post-Brexit, foreign investors, especially in Asia, are already poised for a buying spree. It is an ironic twist to the shock referendum result many who opted to leave the European Union
      AFP  -  512 words
    • Article
      Lock icon Fund manager loses appeal in Bahamas dispute
      296 13 BLOOMBERG New York BILLIONAIRE fund manager Louis Bacon suffered another setback in his bitter, decade-long feud with Canadian clothing manufacturer Peter Nygard over their neighbouring properties in the Bahamas. Mr Bacon, who runs the Moore Capital Management hedge fund, sued in New York
      BLOOMBERG  -  296 words
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      288 13 THE STRAITS TIMES Subscribe to The Straits Times All-in-One package and stand to win a trip for two to anywhere in the world or a retreat at Resorts World Sentosa a* -iiM. OR ONE WINNER FOR THIS PRIZE a5uS £rs^ ■>? i ONE WINNER FOR EACH PRIZE Choose from 8
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      178 14 / 15 rt >. i W T u.VfMrajtf-l v MC t ip .r -*s?2®l£ i 5*«S l. -'d.t < s -“f *i- W A* i (i 5.«Jl ,fJS .‘.M. JL '-V%1**» ft»V ./W V £>■/ «r/’''^. s v<* PlWMili 1 Y 4 > is*. v< **i*Vf. KLSVi-.i -,-*W 6.02 koi.fx 1.26 6
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon WELCOME TO THE INTERNET OF MONEY
      4271 16 THIS WEEK’S TOPIC How do you think fintech innovations can potentially impact your business, and your life? Lim Soon Hock Managing Director Plan-B ICAG Pte Ltd FINTECH offers a compelling alternative to businesses and consumers for their financing needs. It is a welcome boon
      PHOTO: FREEIMAGES  -  4,271 words
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      11 17 The full list of views from CEOs is available at http://businesstimes.com.sg
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      41 17 TO PLACE ADVERTISEMENTS THAT REACH 2.5 MILLION CUSTOMERS DAILY. CALL <- 1800 822 6382 OR EMAIL MKGSALES@SPH.COM.SG s|5inewspapers THE STRAITS TIMES THE BUSINESS TIMES I THE NEW PAPER BEPITA HARIAN TAMIL MURASU LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS MY PAPER
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
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      105 18 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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      7 18 This series is brought to you by
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  • BANKING & FINANCE
    • Article
      Lock icon China insurers run huge risks for high returns
      768 20 Alternative investments account for 16% of top five listed insurers’ total assets, up from 5% in ***** REUTERS Hong Kong YEARS of breakneck growth for China’s top insurers has been partly fuelled by a splurge on risky investment products that could punch
      REUTERS  -  768 words
    • Article
      Lock icon London fears exodus of bankers, investment following shock vote
      705 20 AFP London WILL “Brexit” threaten London’s long-booming economy? The British capital fears investors and bankers could flee the city after the shock nationwide vote, threatening its coveted reputation as a global financial hub. Some 60 per cent of Londoners voted to
      AFP  -  705 words
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      Lock icon When you dial 911 and Wall Street answers
      1413 20 Private equity firms are increasingly taking over public services NYT New York SINCE the 2008 financial crisis, private equity firms, the “corporate raiders” of an earlier era, increasingly have taken over an array of civic and financial services that are central to
      NYT; PHOTO: DAVID JOLKOVSKI/THE NEW YORK TIMES  -  1,413 words
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  • ENERGY & COMMODITIES
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      Lock icon TransCanada files claim on Keystone XL rejection
      744 21 It is seeking to recoup US$15b; claim highlights how foreign firms can use trade deals to challenge US policy BLOOMBERG Washington TRANSCANADA Corp is seeking to recoup US$15 billion for the Obama administration’s rejection of the Keystone XL oil pipeline, in a legal
      BLOOMBERG; PHOTO: REUTERS  -  744 words
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      Lock icon SolarCity, Tesla ties spurring questions on board’s independence
      641 21 Analysts see potential conflicts of interest in the proposed acquisition BLOOMBERG New York THERE’S only one member of SolarCity Corp’s board without ties to Tesla Motors Inc. A few directors are related by blood, others are linked through longstanding personal and professional
      BLOOMBERG; PHOTO: REUTERS  -  641 words
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      Lock icon Blackout, price risks loom for businesses in S Australia
      570 21 REUTERS Melbourne RAPID growth in wind and solar power in South Australia is raising the spectre of blackouts and soaring prices for businesses like global miner BHP Billiton as cheaper renewables have pushed traditional thermal power plants to close. South Australia
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      901 21 NOTICES THE TRENDLINES GROUP LTD. (Incorporated in Israel) (Company Registration No. *****0947) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the second special general meeting of The Trendlines Group Ltd. (the “Company”) for the financial year ending 31 December 2016 (the “SGM”) will be held at Meeting Room
      901 words
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  • TECHNOLOGY
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      Lock icon Line IPO seen to raise US$1b in biggest tech listing
      769 22 But sceptical fund managers highlight tepid growth in the Japanese messaging app company’s home market and doubts about its prospects for regional expansion REUTERS Tokyo IN delaying its initial public offering (IPO) by two years, Japanese messaging app company Line
      REUTERS; PHOTO: BLOOMBERG  -  769 words
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      Lock icon EU eyes sweeteners to spur fast broadband rollout
      690 22 REUTERS Brussels THE European Union is leaning towards relaxing rules that force telecoms companies to open up their networks if they show willingness to co-invest with rivals in superfast broadband. The European Commission has made fostering investment in new fi-bre-optic networks to
      REUTERS  -  690 words
    • Article
      Lock icon ‘Investing for good’ appeals in rocky start-up scene
      616 22 The sheer size of the market is a draw, but profits can be slim REUTERS San Francisco AS valuations flounder for Silicon Valley start-ups once worth billions of dollars, investor interest is on the rise in start-ups with both financial and social
      REUTERS  -  616 words
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      Lock icon Japanese founder-run firms face succession problems
      698 22 BLOOMBERG Tokyo THE surprise departure of Nikesh Arora, heir apparent at SoftBank Group Corp, highlights a problem that many Japanese companies face: passing the reins to a successor. SoftBank founder Masayoshi Son, 58, said last Tuesday that he wants to remain at the helm
      BLOOMBERG; PHOTO: BLOOMBERG  -  698 words
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  • CONSUMER
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      Lock icon Businesses vie for Maryland’s marijuana licences
      1598 23 Fifteen cultivation licences up for grabs in an emerging industry that is worth billions in the US WP Washington NEARLY 150 businesses are competing for up to 15 marijuana cultivation licences in the state of Maryland that will be awarded starting this summer, the
      WP; PHOTO: AFP  -  1,598 words
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      131 23 TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SIGN UP NOW www.tnp.sg/WAGC Ron Totton Division A Champion, 2015 SINGAPORE QUALIFIERS presented by GOODIE BAG WORTH OVER $750 Get a Ice Chrono Electrik Watch worth $300, Golfing Vouchers from The
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  • GOVERNMENT & ECONOMY
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      Lock icon US$50m heist unleashes showdown in blockchain
      797 24 Debate centres on how or whether to get the cryptocurrency back from hackers WP Washington THERE’S a high-stakes showdown roiling the techno-utopian world of blockchains and cryptocurrencies. And the outcome, to some, could ultimately have lasting consequences for the future of modern finance. The
      WP  -  797 words
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      Lock icon Ranking billionaire wealth is a cottage industry
      1304 24 At least six different companies now compile billionaire lists New York NEVER before have we had so much information about the world’s billionaires. We know their average age (63), their marital status (90 per cent are married, 6 per cent divorced), their most
      PHOTOS: REUTERS, BLOOMBERG  -  1,304 words
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      Lock icon Africa’s richest man got a fistful of dollars in Nigerian currency squeeze
      1165 24 REUTERS Lagos AS Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa’s richest man. When the government restricted the supply of dollars in June 2015 to
      REUTERS; PHOTO: BLOOMBERG  -  1,165 words
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  • TRANSPORT
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      Lock icon Ford’s F-150 still faces problem after overhaul
      1563 25 Some of the new models don’t meet their targets for emission and fuel-economy standards BLOOMBERG Chicago FORD Motor Co executives spared no expense in overhauling the crown jewel of their empire, the F-150. They gave the truck a new aluminium body, smaller turbocharged
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,563 words
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      Lock icon Boeing offers details on Iran deal, insisting all was done legally
      593 25 NYT New York THE Boeing Co has offered new details on its proposed passenger aircraft deal with Iran and rejected suggestions that it had not done sufficient homework in identifying end users of the planes. In a letter to
      NYT; PHOTO: AFP  -  593 words
    • Article
      Lock icon European airlines slump on Brexit vote; IAG issues profit warning
      490 25 REUTERS London IAG said that it would no longer meet its profit targets this year after Britain’s vote to leave the EU raised concerns over travel demand and flying rights. Airlines with a strong focus on the UK market plunged
      REUTERS  -  490 words
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      1946 26 the Business times SHIPPING TIMES MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR COSMIC ACE 010 100 29/6 1/7 3/7 5/7 POSITIVE STAR 116 100 1/7
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      244 26 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 298 PRW060 28/06/2016 29/06/2016 Perawang/Perawang DAILY Marco Polo 128 BST018 28/06/2016 29/06/2016 Buatan/Buatan DAILY Marco Polo
      244 words
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  • DINING OUT
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      Lock icon More than luck needed here
      941 27  -  Serving dim sum in a chop-socky, Rung Fu Panda-ish, fortune cookie embellished environment to draw you in hook, line and hipster. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Full of Luck Club 243 Holland Avenue Tel: 6208-6845 Open daily: 11am to 11pm
      PHOTOS: HONGDE PHOTOGRAPHY  -  941 words
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      24 27 Opportune time to invest in UK real estate as sterling plummets to 30-year low? Cl l To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      Lock icon Page 27 Advertisements Column 2
      223 27 Show Me the Money (Book 3) writes about the methods to spot financial bubbles, the danger signs of the market and the fraud of listed companies. Based on the case studies of past downturns, it teaches us the techniques to analyse the severity of each financial crisis. A clear plan
      223 words
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      22 27 Hoteats,Cooltreats Are you an avid foodie? Dig in to The Straits Times Classified's weekly guide on Saturday for the latest gastronomic offerings.
      22 words
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  • LIFE & CULTURE
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      Lock icon Iceland tightrope awaits under-fire England
      710 28  -  England will be foolish to underestimate an opponent that toppled the Netherlands home and away during the qualifying campaign EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT ON paper, having England square off against Iceland on a football pitch looks like a complete mismatch. The
      710 words
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      Lock icon Museum houses the mementos of lost love
      988 28 WP Los Angeles HOW do you mend a broken heart? You might think that Rule No 1 would be to toss all those mementos: the ticket stubs and valentines, the totems and tangible tchotchkes cluttering your bedroom and preventing you from moving on.
      WP; PHOTOS: IRIS SCHNEIDER/WP  -  988 words
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      Lock icon Yes, China censors rumours on WeChat
      311 28 NYT New York TO the list of things that should not be uttered in modern China, add these: Padded bras cause cancer. The earth is on the brink of falling into a period of darkness for six days. Robots will soon conquer entire industries
      NYT  -  311 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      372 28 CRYPTIC CROSSWORD Across 1 Medical preparation that may create row in a part of the hospital (10) 6 Permit for mountain route (4) 9 Grown-up to rave about drug being a corrupt influence (10) 10 A good artist in an Indian city (4) 12 Pick up courage no end (4)
      372 words