The Business Times, 1 July 2016

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Total Pages: 28
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Friday, July 1, 2016
    22 words
  • Article, Illustration
    195 1 Former London mayor Boris Johnson pulls out of the race to become Britain’s prime minister, less than a week after leading the campaign to take the country out of the European Union. TOP STORIES 2 The Monetary Authority of Singapore will spell out what it expects of banks
    195 words
  • 27 1 Thursday Change STI 2,840.93 +48.20 KL COMP 1,654.08 +11.87 NIKKEI 225 15,575.92 +9.09 HANG SENG 20,794.37 +358.25 SHENZHEN B 1,100.25 +6.89 DOW (11.45AM EDT) 17,803.64 +108.96
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  • 807 1  -  Almost 200 members holding S$23.5m in notes due 2033 say no justification for JTC to hold back funds beyond club’s closure By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE 196 members of Jurong Country Club (JCC) holding notes totalling S$23.5 million want
    FILE PHOTO  -  807 words
  • 486 1  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore IMPROVING controls at Singapore Post is not the only change its new chairman, Simon Israel, has introduced since taking the reins there on Thursday, he also wiped the slate clean with investor lobby group
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  • Page 1 Advertisements
    • 52 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES earner, sg Cartier CLE DE CARTIER MANUFACTURE MOVEMENT 1847 MC I ff IhI I SINGAPORE Takashimaya S.C.- ION Orchard Marina Bay Sands Tel: 6732 0181 MALAYSIA Pavilion Kuala Lumpur Tel: (603) 2303 5088 > xn -v CARTl L 4 s N
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    • 12 1 MUSIC SCENE Local talents playing to a global beat BT LIFESTYLE 28
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    • 26 1 HOCK LOCK SIEW Tourist arrival rebound points to better year for hospitality Reits companies markets 6 NEW REBALANCING It’s not either globalism or nationalism opinion 22
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  • TOP STORIES
    • 1010 2  -  This apparently comes after many key MPs defect to Michael Gove, who says he’s running, along with Theresa May By Neil Behrmann btworld@sph.com.sg London FORMER London mayor Boris Johnson abruptly pulled out of the race to become Britain’s prime minister
      PHOTOS: AFP  -  1,010 words
    • 575 2  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore BANK lending in May has contracted year on year for the eighth straight month, preliminary data from the Monetary Authority of Singapore (MAS) showed. At the same time, ratings agency Moody’s downgraded its outlook for Singapore’s banking system
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    • 546 2  -  By Samuel Ee samuelee@sph.com.sg Singapore A NATION-WIDE electric vehicle (EV) car-sharing programme will be launched in mid-2017, starting with 125 cars and 200 charging points initially. The Land Transport Authority (LTA) and Economic Development Board (EDB) announced on Thursday the contract awarded
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    • 468 2 BLOOMBERG Kuala Lumpur MALAYSIA Airlines Bhd (MAS) has promoted chief operating officer Peter Bellew to head the state-owned carrier after its former chief executive officer resigned unexpectedly. The appointment takes effect on July 1, the airline said in an
      BLOOMBERG  -  468 words
    • 870 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur CORRUPTION charges against Lim Guan Eng, Penang’s chief minister (CM) and secretarygeneral of the Democratic Action Party (DAP), are a ploy by Malaysian Prime Minister Najib Razak to discredit the opposition ahead of
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    • 708 4  -  MAS’s deputy chairman Lim Hng Kiang had said this week that MAS recognises the benefits of cloud technology, but wants banks to manage the risks that come along with it B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Monetary Authority of
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    • 680 4  -  Aim is to bring them in line with those in other cities, recoup higher costs of building and running them By Angela Tan angelat@sph.com.sg Singapore COME Dec 1, drivers will have to pay more to park their vehicles in public carparks. Parking charges
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    • 468 5  -  By Renald Yeo yrenald@sph.com.sg Singapore COMMUTERS here know the pain of standing in a snaking queue, awaiting their turn to top up the balance in their Cepas cards at the general ticketing machines at train stations. From January
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    • 565 5  -  in Singapore, the PUB has started deploying water tech in the form of robotic swans and smart meters By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THIS year’s Singapore International Water Week (SIWW) will focus on smart water technologies, a growing market that could
      PHOTO: MARK CHEONG/THE STRAITS TIMES  -  565 words


  • Page 4 Advertisements
    • 534 4 Advertorial Beijing JHF High Tech Co. Akatsuki sign distribution partnership at PrintPack+Sign 2016 Written By Melissa Teo Akatsuki to be sole distributor of JHF in Singapore to address growing demand of UV inkjet printing in Singapore. Singapore Beijing JHF High Tech Co., a leader in UV inkjet printing solutions in
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  • Page 5 Advertisements
    • 173 5 Luxury and performance, for the red carpet. Audi Vorsprung durch Technik a a The car that embodies the art of progress, in beautifully expressed visual form. Lavish spaciousness and exquisite ambience, combined with class-leading technologies such as Audi Matrix LED headlights and TFSI engines. The only car in its class
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  • COMPANIES & MARKETS
    • 972 6  -  Pace of growth, if sustained, could help trusts ward off downward pressure on earnings HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT THINGS are looking a bit more optimistic this year for Singapore’s hospitality real estate investment trusts (Reits) even
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    • 305 6 As at June 30, 2016 GROSS REDEMPTION YIELD YEAR RAISED NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT (S$m) COUPON RATE INTEREST YEAR RAISED ISIN CODE MATURITY DATE CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) 01.09.2016 NY*****F 2001 3 3/4 7700.00 1/3 1/9
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    • CORPORATE DIGEST
      • 92 6 YANLORD Land Group Limited said that it has entered into a cooperative agreement with China Merchants Property Development Co Ltd (CMPD) and Poly Real Estate Group to develop a 170,000 sq m site in Nanjing city’s Gulou district. This site was acquired through a public land auction
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      • 60 6 RHTLAW Taylor wessing LLP has further strengthened its regional cross-border practice with the merger with PBC Partners RHTLaw. The firm on Thursday launched RHTLaw Taylor Wessing Vietnam. The new outfit in Ho Chi Minh City will have 25 lawyers covering a full suite of practice areas
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      • 70 6 SIM Lian Group is acquiring Dalyellup Shopping Centre, a freehold investment grade neighbourhood shopping centre located in Dalyellup, western Australia, for A$31.56 million (S$31.6 million). The open market valuation of the centre is A$31.8 million, based on a valuation dated April 1, conducted by Jones Lang LaSalle.
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      • 56 6 TALKMED Group Limited on Thursday said that it has been approached in connection with a potential transaction “which may or may not lead to a potential collaboration”. Discussions are preliminary, and there is no certainty or assurance that any definitive agreement or transaction will materialise, it said in
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      • 104 6 CHIWAYLAND international has acquired a 114,270 sq m land parcel in Caddens located in the heart of Penrith in Sydney for A$40 million (S$40 million). The group intends to develop about 400 apartments and 364 townhouses on the plot. This is its seventh property development project since entering
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    • 512 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GLOBAL Logistic Properties (GLP) will make a 4.9 billion yen (S$64.2 million) development profit, or a margin of 46 per cent, from the sale of an asset to GLP J-Reit. The company said on
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    • 565 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore DESPITE the rough ride over Brexit jitters, the Singapore market emerged from the month of June on a firm note thanks to the strong rebound that followed two days of battering after Britain
      Source: Data from Singapore Exchange, compiled by Business Times  -  565 words
    • 633 7  -  Advancer launches IPO with 43m shares at S$0.22 apiece; Katrina lodges preliminary offer document IPOs By Grace So graceso@sph.com.sg Singapore THE Catalist board will soon see the addition of two homegrown names, with F&B player Katrina Group and Advancer Global making their
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    • 408 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore EC World Real Estate Investment Trust (Reit) plans to raise up to S$663.1 million through an initial public offering (IPO) on the main board of the Singapore Exchange, according to a
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    • 556 8  -  Tight pricing of S$100m issue attributed to a number of factors, including flight-to-quality flows By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore PRICING S$100 million of investment grade debt just days after Britain voted to leave the European Union (EU) may have
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    • 729 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WITH the “tyranny of low interest rates”, investors should take a modest risk-on approach, despite prevailing uncertainty and volatility to be expected in the second half of this year on the back
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    • 320 8 By J Lossini jlossini@sph.com.sg Singapore OMNI United, a Singapore homegrown tyre designer, manufacturer and distributor, has raised its distribution profile in the US. It announced on Thursday its acquisition of Texas-based A to Z Tire Battery Inc, a multi-brand distributor with a network across
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    • 575 8  -  By Gladys Yeo gladyeo@sph.com.sg Singapore ENERGY efficiency initiatives implemented across Keppel Group are estimated to have reduced the group’s total energy consumption in 2015 by over 16 per cent, translating to cost savings of about S$30 million. This was published
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    • 435 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FRENCH insurer Axa Life Insurance Singapore will have a new chief at the helm following the resignation of its current CEO, Glenn Williams. Doina Palici-Chehab, who now helms the general insurance business, is expected
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    • 433 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SMRT International Pte Ltd and United Technical Services (UTS) will both be acquiring stakes in a Netherlandsbased company that designs and manufactures a range of automated vehicles. In a filing to the Singapore Exchange
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    • Article, Illustration
      62 10 STI Catalist Straits Times index June 30,2016 2,840.93 +48.20 (+1.73%) Current streak 3 days Day high 2,880.72 Day low 2,831.72 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index June 30,2016 443.37 +3.99 (+0.91%) Current streak 2 days Day high 443.37 Day low 439.39
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    • 648 10  -  STI closes 48 points higher after leaping 88 points at the opening, as turnover almost doubles from the day before STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ON May 31, volume done in the local market surged to S$1.97 billion, more than triple the S$600
      Source: Bloomberg  -  648 words
    • 306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 +2 253/245 253 209 6.2 6540.6 CapitaCom Trust 147.5 +2 149.5/147 157 122.5 5.8 4360.6 CapitaLand 307 +6 310/304 358 267 12.3 2.9 *****.9 CapitaMall Trust 213 -5 225/213 225 184.5
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    • 33 10 VOLUME Noble 294,996,400 Annica 118,800,000 Ezra 57,518,400 Cedar Strategic 56,310,900 Singtel 48,906,500 Market volume 2,270,383,000 VALUE DBS Grp 228,057,160 Singtel 202,255,792 OCBC Bank 132,473,369 UOB 131,456,223 CapitaLand 65,821,696 Market value 1,880,833,000
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    • 112 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 288 +4 851 290/288 343/254 288/289 IS MS INDIA US$ US693 +15 695 707/685 780/575 692/693 86.6 DBXT MSPHILS US$ US214.3 +0.5 144 219.6/214 219.6/158.5 214/214.7 17.1 DBXT MSINDO us$ US1339 +13 101 1349/1333
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    • 77 10 Jun 30 VALUE CLOSE BT OB/OS 17.00 +223.00 BT CADI -*****.00 +89.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 673.65 +6.85 FTSE ST Small Cap 385.80 +0.98 FTSE ST All Share 693.51 +10.58 FTSE ST China Top 159.12 +1.63 FTSE ST China 187.64 +2.75 FTSE
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    • 34 10 STI FTSE ST All-Share ftse ST All-Share index June 30,2016 693.51 +10.58 (+1.55%) Current streak 3 days Day high 699.40 Day low 691.50 52-week high 806.37 (July 20,2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 10 STI MSCI EAFE MSCI EAFE index June 29,2016 1,593.67 +46.94 (+3.03%) Current streak 2 days Day high 1,593.72 Day low 1,551.83 52-week high 1,894.42 (July 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 1 1 0 0 9 3 1 Manufacturing 47 32 21 11 8 11 58 40 32 Commerce 17 14 13 5 1 4 22 15 17 Tpt/Stor/Comms 17 6 9
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,305 2,955 28,260 95,221 572 95,792 Manufacturing 104,587 194,096 298,683 152,918 1,334 154,252 Commerce 327,474 38,324 365,798 162,540 1,380 163,920 Tpt/Stor/Comms 199,232 5,770 205,002 352,627 558 353,185 Finance 49,918 18 49,936 528,521 3 528,524 Construction
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    • 75 10 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 8333 435.8 4.0 8403/6250 SPDR S&P500 US$ ***** 404.8 1.5 *****/***** SPDR DJIA US$ ***** 356.2 1.5 *****/***** JMH USD 5831 176.8 2.3 6103/4500 DBXT MSJAP US$ 4670 160.6 2.6 5161/4031 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.3 200.0
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    • 72 10 BY CENTS CLOSE DOWN 52w high/low DBXT S&PShort US$ 2050 -75.6 -2.7 2393/2022 GLD US$ ***** -37.8 -0.2 *****/***** DBXT E50 US$ 4159 -14.8 -0.3 5242/3918 Delong 32 -8.0 -20.0 94/30.5 SUTL Enterprise 36.5 -8.0 -18.0 59/22.5 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -66.7 -0.2 0.7/0.1 Blumont
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    • 79 10 VOL CLOSE($) CHANGE ES 0.1 0.100 -0.020 -16.67 TPV Tech 789.0 0.220 +0.035 +18.92 Techcomp 82.0 0.220 -0.030 -12.00 Oceanus 9,692.6 0.004 +0.001 +33.33 C&G Env Protect 148.8 0.158 -0.022 -12.22 Resources Prima 31,118.5 0.033 +0.006 +22.22 Gaylin 25.0 0.220 +0.015 +7.32 TA 87.0 0.235 -0.040 -14.55 Noble
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    • BROKERS’ TAKE
      • 164 10 OCBC Investment Research, June 30 FOLLOWING the surprise outcome of the UK voting to leave the European Union, financial markets have endured a turbulent time. Among our S-Reits coverage, we believe Ascott Residence Trust will be the most affected, while the impact on Keppel DC Reit is
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      • 106 10 Maybank Kim Eng Research, June 29 ARGUABLY, Singapore’s equity market has fared even worse than its economy. Returns generated by the equity market, as measured by MSCI Singapore, have been shrinking. Recent returns are possibly below the yields of Singapore government securities with far higher risks and volatility
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      • 156 10  -  Compiled by Jamie Lee June 30 close: S$0.34 Target price: S$0.37 DBS Group Research, June 30 MAINTAIN hold; expect continued profitability but not as high as previously envisaged. While FY16 headline profit looks robust at US$51.5 million, this was boosted by one-off items. We cut our
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    • 8 10 DATA I July 1 China Manufacturing PMI
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    • 455 11 CURRENCIES REUTERS London CHINA’S yuan hit its weakest level in six months against the dollar in offshore markets on Thursday, hurt by signs from policy sources that Beijing may be willing to see it fall to 6.80 per dollar. Government economists and advisers
      REUTERS  -  455 words
    • EQUITY BONDS WARRANTS FUTURES
      • 390 11 Jun 30 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9210.00 9267.50 9197.50 9235.00 *****7 *****8 Aug16 9175.00 9242.50 9175.00 9210.00 845 225 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Dec16 *****.00 *****.00 *****.00 *****.00 5 5389 MSCI TAIWAN
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      • 212 11 Jun 30 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MBeCW*****4 6.8 0.7 5868 0.1 820 4 DBS MB eCW*****1 8.9 0.9 5762 0.1 1620 4 Ntegrator Intl Ltd W*****3 0.3 -0.1 4551 1 1
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jun 29 Index Change Change Change Change Change Change World Preliminary 1235.9 1.7 -3.3 1.3 -6.9 2.0 -1.9 EAFE Preliminary 912.3 2.4 -10.0 2.3 -11.9 3.0 -7.2 Europe Preliminary 1311.0 2.8 -7.2
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    • FOREX RATES
      • Article, Illustration
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      • 471 11 Jun 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.963 4.937 0.669 5.765 50.145 97.972 0.763 8.573 2.994 1.047 77.829 34.962 1.003 10.997 0.728 23.925 26.131 0.552 0.743 Canada 1.039 5.128
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      • Article, Illustration
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      • Article, Illustration
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      • 155 11 Jun 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0024 1.0028 0.7429 0.7431 Canadian dollar 1.0412 1.0417 0.7719 0.7717 Euro 1.4992 1.5001 1.1111 1.1116 NZ dollar 0.9569 0.9584 0.7092 0.7102 Sterling pound 1.8152 1.8167 1.3453 1.3462
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      • 22 11 Jun 30 S$ Bid Offer 1-month 1.3496 1.3500 2-months 1.3498 1.3502 3-months 1.3502 1.3506 6-months 1.3515 1.3522 Source: OCBC
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    • BANK RATES
      • 154 11 Jun 30 $S Offer Bid 0vernight 0.20 0.15 1-month 0.6875 0.5625 2-months 0.8750 0.7500 3-months 0.9375 0.8125 Overnight mode: 0.15 US$ Offer Bid 7 days 0.50 0.40 1 month 0.55 0.45 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 0.95 12
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      • 65 11 Jun 30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.09 99.11 98.98 5-Year NX*****X 2.250 01-Jun-21 103.49 103.55 103.47 10-Year NX*****F 2.125 01-Jun-26 101.93 102.18 101.65 15-Year NZ*****F 2.875 01-Sep-30 108.26 20-Year NZ*****V 3.375 01-Sep-33 115.58 115.90 115.00
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    • AGRI METALS ENERGY
      • 249 11 Jun-29 Price Net change change Last Trade Agricultural Jun-29 CBOT Soybeans (US cents/bu) 1144.50 -6.00 -0.52% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.82 -0.29 -0.93% 14/07/2016 CBOT Wheat (US cents/bu) 429.50 -14.25 -3.21% 14/07/2016 Jun-29 LIFFE Cocoa (£/tonne) 2390.00 -5.00 -0.21% 14/07/2016 LIFFE Coffee (US$/tonne) 1696.00 24.00 1.44%
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    • 1786 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 139.5 +1.5 651 140 138 0.9 8.1 887.9 Div 169.8 101 ARA Asset Mgmt 138 -0.5 875 139.5
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    • 270 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E LOW Company cooo! Day LOW <?vr w 19.9 8.3 t Anchor Resources 11.7 -0.1 3600 12 11.3 32.7 40 42.5 16.7 t CNMC Goldmine 42.5 +2 ***** 42.5 39.5 3.9 1.8
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    • 121 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 949 700 CIMBASEAN40 US$ US845 +4 27 845 845 132.5 3760 2355 DBXT China50 US$ US2840 +44 18 2840 2813 7.8 359 190 DBXT MSBrazil US$ US326 +12
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 445 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PETROLEUM EQUIPMENT AND SUPPLIES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1503M) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Petroleum Equipment and Supplies Pte. Ltd. duly convened and held on the 23rd
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  • Page 9 Advertisements
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  • Page 12 Advertisements
    • 80 12 SGX== SGX My Gateway Stay informed about Singapore’s stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange 4 This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • BANKING & FINANCE
    • 371 13  -  Bank’s message: “It’s not about the size but service” By Gladys Yeo gladyeo@sph.com.sg Singapore CIMB Bank Singapore has partnered Havas Worldwide to launch the Small Bank Theory (SBT) campaign in Singapore, CIMB and Havas Worldwide announced in a joint press release on Thursday. Conceptualised and
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    • 887 13 NYT New York ALL but one of the US’s largest banks earned an unconditional passing grade from federal regulators on their annual stress tests, which measure their preparedness to weather a financial crisis. The one US-based institution that did not pass
      NYT  -  887 words
  • Page 13 Advertisements
    • 685 13 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF NETRATINGS PTE. LIMITED (In Members'Voluntary Liquidation) (Co. Reg. No.*****8889E) NOTICE OF RESOLUTION At ait Extraordinary General Meeting of the member of the abovenamed Company duly convened and held pursuant to Section 179(6) of the Companies Act
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    • 610 13 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 731 13 NOTICE OF MEMBERS' MEETING IN THE MATTER OF COMPANIES ACT, CAP.50 AND IN THE MATTER OF METALIC INTERNATIONAL PTE LTD (IN LIQUIDATION) UEN *****4316H (THE "COMPANY") COMPANIES WINDING UP NO. 250 OF 2015 TAKE NOTICE that a meeting of members in the above matter will be held at the offices
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    • 573 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAPITAMALLS JAPAN FUND MANAGEMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2999D) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of CapitaMalls Japan Fund Management Pte. Ltd. duly convened and held on the 25th
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    • 385 13 DOUGLAS PHARMACEUTICALS (SINGAPORE) PTE. LTD. COMPANY REGISTRATION NO. *****3770C (INCORPORATED IN THE REPUBLIC OF SINGAPORE) Notice of Resolutions NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD VIA TELECONFERENCE ON THE 22ND DAY OF JUNE 2016 AT 10.00 AM AND
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  • ENERGY & COMMODITIES
    • 1036 14 Mining companies fail to pay their share of billions of dollars owed to repair the ravaged landscape they leave behind REUTERS Samarinda, Indonesia THOUSANDS of mines are closing in Indonesia’s tropical coal belt as prices languish and seams run dry. But almost
      REUTERS; PHOTO: REUTERS  -  1,036 words
    • 459 14 BLOOMBERG Singapore COMMODITY investors aren’t letting the shock of Brexit spoil their best three months since 2010. While the United Kingdom’s vote to leave the European Union has whipsawed markets, raw materials have still outperformed stocks, bonds and the
      BLOOMBERG  -  459 words
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  • TECHNOLOGY
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  • REAL ESTATE
    • 452 16  -  Australia, NZ ‘highly transparent’; Singapore ranked 11th, taking top spot in Asia in ‘transparent’ category By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore ASIA-PACIFIC is the most improved region for real estate transparency, according to Jones Lang LaSalle’s (JLL) Global Real Estate Transparency
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    • 248 16  -  It will close for 3 years to redevelop into experiential hub of the future By Tan Effie taneffie@sph.com.sg Singapore FUNAN DigitaLife Mall bid farewell with a thank you party on Thursday. The 31-year-old building marked its last operational day before closing for three years
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    • 400 16 BLOOMBERG Vancouver CANADA’S province of British Columbia will end self regulation of the real estate industry as government officials move to rein in unethical practices that may be stoking home prices in Vancouver, one of North America’s fastest appreciating cities.
      BLOOMBERG  -  400 words
    • 709 16 BLOOMBERG San Francisco OFFICE landlords are bracing for a cooling of San Francisco’s red-hot market as weaker startup valuations and lower venture-capital funding temper years of runaway growth in the technology-industry hub. The city’s office-vacancy rate jumped in the second quarter
      BLOOMBERG  -  709 words
    • 505 17 Muted demand from city’s biggest developers signal that prices have more room to drop BLOOMBERG Hong Kong THE Hong Kong government is expanding land supply amid muted demand from the city’s biggest developers, signalling that prices have more room to drop. Builders
      BLOOMBERG  -  505 words
  • Page 16 Advertisements
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    • 16 16 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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    • 98 16 NOTICES NETLINK TRUST (Registration No. *****03) (a business trust registered under the Business Trusts Act Chapter 31A of Singapore and managed by CityNet Infrastructure Management Pte. Ltd.) DISTRIBUTION NOTICE Notice is hereby given that CityNet Infrastructure Management Pte. Ltd., as trustee-manager of NetLink Trust (“NetLink Trust”), will distribute S$80 million
      98 words

  • Page 17 Advertisements
    • 925 17 D10 HOUSE FOR SALE NASSIM Nassim vicinity Prime Good Class Bungalow (GCB). ***** sqft Majestically renovated. 5 rms. Inground pool. Park 5 cars. $2xM. Please call Julian 9100 0098 D10 HOUSE FOR SALE OLD HOLLAND GCB Rare Old Holland GCB!! 25,000/ 10,000 sqft. Functional land. Park 7 cars. Wide frontage
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  • CONSUMER
    • 901 18 Shares in firm fall as much as 3% following news; stock finishes 0.3% lower in Tokyo BLOOMBERG New York US regulators are examining SoftBank Group Corp over allegations about Nikesh Arora’s activities before he resigned as president last week, according to
      BLOOMBERG; PHOTO: REUTERS  -  901 words
    • 459 18 REUTERS London THE world’s first malaria vaccine, developed by GlaxoSmithKline (GSK), provides some protection after three doses but its effect dwindles to almost nothing after seven years, scientists said on Wednesday. Publishing a long-term study of the vaccine called RTS,S or
      REUTERS  -  459 words
  • Page 18 Advertisements
    • 234 18 41 D nc y n Jfr* STJOBS CAREER& DEVEL0PMENT2016 /*> r^y W W W W W W Sat Sun, 2 3 July 2016, 10am 6pm, Marina Bay Sands, Halls D E (Basement 2) 2 July Open to Singaporeans and Permanent Residents only 3 July Open to Singaporeans, Permanent Residents, and
      234 words

  • GOVERNMENT & ECONOMY
    • 636 19  -  But volatility is likely to continue over the summer while the British economy is tipping into recession By Anthony Rowley btworld@sph.com.sg Tokyo THE “Brexit” shock has had relatively little adverse impact upon capital flows into emerging markets so far with those
      PHOTO: AFP  -  636 words
    • 882 19 NYT Sydney AUSTRALIA has burned through six prime ministers in the last nine years, a pattern that its current leader, Malcolm Turnbull, hoped to break by dissolving Parliament and calling an election for this weekend. But his plan to win a stronger mandate
      NYT; PHOTO: REUTERS  -  882 words
    • 495 19  -  Contraction threatens to reach a point that disrupts global payments system By Anthony Rowley btworld@sph.com.sg Tokyo THE worldwide network of correspondent banking relationships among globally-operating banks and local institutions is shrinking and the contraction threatens to reach a point that seriously erodes
      495 words
    • 655 19 China’s ‘left field’ buyers shaking up the global M A scene REUTERS Hong Kong FOREIGN takeover bids by lit-tle-known Chinese companies, from real estate firms to a vacuum cleaner maker, are driving a surge in the due diligence industry as their targets and even rival suitors seek to answer the
      REUTERS  -  655 words
    • 350 19 Alvin Toffler, author of Future Shock dies at 87 OBITUARY BLOOMBERG New York ALVIN Toffler, the US author whose visions of accelerating social change guided Chinese leaders, American politicians and business moguls through the best-selling books Future Shock and The Third Wave, has died. He was 87. He died on
      BLOOMBERG  -  350 words

  • TRANSPORT
    • 810 20 The Prius and Lexus models are equipped with bags made by Swedish-American manufacturer Autoliv NYT New York PUBLIC concern about faulty vehicle airbags spread to a second major supplier on Wednesday, after Toyota recalled 1.43 million Prius and Lexus models
      NYT; PHOTO: NYT  -  810 words
    • 553 20 BLOOMBERG Singapore THE TransAsia Airways Corp plane that crashed in Taipei last year went down after its pilots failed to take the right actions following a series of contributing factors including an engine fault, investigators found. The many factors culminated
      BLOOMBERG; PHOTO: AFP  -  553 words
    • 592 20 Deal will unify cabin crews for first time since merger with Continental Air NYT New York UNITED Airlines and leaders of its flight attendants’ union have agreed to a new labour contract that will unify the cabin crews for the first time
      NYT; PHOTO: NYT  -  592 words
    • 216 20 REUTERS Frankfurt BMW is close to unveiling a development partnership for autonomous cars with Israeli collision detection software maker Mobileye and US chip maker Intel, a source familiar with the matter said on Thursday. On Friday, the three companies plan to
      REUTERS  -  216 words
  • Page 20 Advertisements
    • 29 20 MEET THE NEXT-GEN SUPERSTARS SIIMA Awards Professionals here react to Indian central bank chief’s decision to quit GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • Page 21 Advertisements
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  • OPINION
    • 617 22 EU must act in the collective interest and move forward, not backwards EDITORIAL AFTER a small majority of Britons voted to leave the European Union last week, most attention has understandably focused on the potential economic, political, social and psychological impact on the UK which, so far, has been negative
      617 words
    • 702 22  -  THE BOTTOM LINE By Brian Reading T The writer was an economic adviser to former UK prime minister Edward Heath and is a member of the Advisory Board of the official Monetary and Financial institutions Forum (OMFIF), an independent research and advisory
      702 words
    • 1366 22  -  Brexit, Trumpism indicate what’s needed is a new rebalancing between these two forces By Leon Hadar WE LIVE in a time when every political scandal is described as a new Watergate that is about to topple the US presidency and any international crisis is
      PHOTO: AFP  -  1,366 words
    • 1155 23  -  COMMENTARY By Derwin Pereira T The writer heads Pereira International, a Singapore-based political consultancy. He is also a member of Harvard University’s Belfer Center for Science and International Affairs AN existential challenge facing the incoming Rodrigo Duterte administration in the Philippines is
      1,155 words
    • 1391 23  -  The crisis-wracked industry could return to having consistently well-run, smaller outfits. BY BALA SHANKAR T The author is a business consultant based in Singapore THE cracks in the banking system have once again been ripped open. Twice in the past decade, banks
      PHOTO: AFP  -  1,391 words



  • Page 25 Miscellaneous
    • 306 25 CRYPTIC CROSSWORD Across 1 Person out rambling (11) 9 Light altercation about sack (3,4,2) 10 Pretentious chap, note, expected back (5) 11 Joint liability originally accepted by Delia for cooking (6) 12 Nakedly asked and revealed outline (8) 13 Colt perhaps backed to achieve gold (6) 15 Annoying person one’s
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  • BT Lifestyle
    • 2123 28  -  Homegrown Mando-pop stars such as Kit Chan and JJ Lin have all done Singapore proud over the years by making a name for themselves in Asia. But a new breed of ambitious local talents are boldly upping the ante by going West to conquer the
      PHOTO: TAT TONG; PHOTO: TAN YAN LONG; PHOTO: WIL TAY  -  2,123 words
    • CITY LIFE
      • 977 24  -  The Awesome Foundation’s mini-grants fund ideas that uplift society. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg WHEN Christen Chen explains the concept of The Awesome Foundation to people in Singapore, most react with disbelief. “They look at me like I’m crazy,” says the 35-year-old Taiwanese-American founder. “I guess
        PHOTOS: THE AWESOME FOUNDATION SINGAPORE  -  977 words
      • CITY BUZZ bt writers' picks of what to see, do or talk about
        • 181 24  -  DINING ridge.By Tay Suan Chiang IF you find the queues at certain collagen hotpot restaurants too long, there is an alternative. Japanese joint Sumire Yakitori House recently launched its Daisen Tori Nabe, or Daisen Chicken Hotpot. Daisen tori is a highly reputed brand of chicken from Tottori
          181 words
        • 250 24  -  By Helmi Yusof THEATRE Hotel by W!ld Rice SINGAPORE theatre has never seen anything quite like it and probably won’t for some time to come. Hotel by Wild Rice is a five-hour epic spanning 100 years of Singapore, from 1915 to 2015. It tells 11 incredible
          PHOTO: WILD RICE  -  250 words
        • 215 24  -  DINING By Dylan Tan WITH a techno soundtrack pumping in the background, W Singapore’s Sunday Remix 2.0 buffet brunch has its finger on the party pulse before the weekend draws to a close. The wide international spread which balances healthy with guilty options
          PHOTO: W SINGAPORE  -  215 words
        • 197 24  -  MOVIES By Dylan Tan INDEPENDENT Singaporean film collective 13 Little Pictures have been wowing cinephiles at film festivals in Singapore and around the world with their genre-bending works. If you have never had the chance to catch any, this is your chance as The Projector is set
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        • 186 24 DINING TREAT yourself to brunch with a view, at the Italian restaurant Aura’s Sky Lounge, on the rooftop of the National Gallery Singapore. Their new Sunday Champagne brunch offers a buffet spread of over 40 dishes at S$98++ per person, or S$148++ per person if
          PHOTO: AURA SKY LOUNGE  -  186 words
    • WINE/ARTS
      • 1043 25  -  Hermitage La Chappelle has benchmark wines while Chateau Rayas is Southern Rhone’s most famous winery. BY NK YONG WINE winery.BY NK YONG A TASTING of two of the greatest recent vintages of a Rhone wine, Hermitage La Chapelle, Paul Jaboulet, was a timely reminder that the
        PHOTO: NK YONG  -  1,043 words
      • 632 25 Two contemporary art photographers present works using opposite approaches one with light source from the outside, and the other from the inside. BY CHEAH UI-HOON ART PHOTOGRAPHER John Clang gets his inspiration from long, solitary walks without his camera. And keeps himself from distractions by
        632 words
      • 650 25  -  By Cheah Ui-Hoon uihoon@sph.com.sg HOW do beans grow in different environments? When Taiwan-born artist Lavender Chang pondered her life in Singapore as a permanent resident, she used the hardy bean as a metaphor for humans who adapt and put down roots on foreign soil. Now
        PHOTOS: LAVENDER CHANG  -  650 words
    • ARTS
      • 849 26  -  The O.P.EN. festival challenges simplistic preconceptions of Islam through music, theatre and photography. BY HELMI YUSOF photography.BY HELMI YUSOF WHEN rockstar Perhat Khaliq took to the stage at Victoria Theatre last week, his primal growl and rugged good looks had fans in shivers. But the
        PHOTOS: JULIETA CERVANTES, ALISON LOW, SIFA 2016  -  849 words
      • 522 26  -  BOOKS Reviewed by Helmi Yusof IN the past decade, Jimmy Ong’s art has taken on a striking new dimension. The veteran artist is one of Singapore’s best. He still produces gorgeous figures and landscapes using black charcoal on paper, but his pictorial
        PHOTOS: FOST  -  522 words
      • 487 26  -  Reviewed by Helmi Yusof SOME of the most macabre books in the history of literature have the most commonplace titles: Kiss Kiss by Roald Dahl, The Trial by Franz Kafka, Rosemary’s Baby by Ira Levin, 1984 by George Orwell. The new Booker Prize winner by South Korean
        487 words
    • MUSIC/CINEMA
      • 607 27  -  Jazz stalwart Jeremy Monteiro teams up with The Business Times for Jazzy Business which showcases stellar guest artistes. BY CHRISTOPHER LIM MUSIC BY CHRISTOPHER LIM IT isn’t often that 40th anniversaries are marked in any industry, but this year, both veteran musician Jeremy
        FILE PHOTOS  -  607 words
      • 626 27  -  MOVIES By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT BOO JUNFENG is not one to rush things. Whether it’s making films or answering a question at a press conference, the soft-spoken homegrown writer-director who according to his cast is equally mild-mannered but firm on set takes his
        PHOTO: CLOVER FILMS  -  626 words
      • 610 27  -  By Geoffrey Eu APPRENTICE is neither an adequate nor appropriate description for an ex-ecutioner-in-training, but Boo Junfeng’s new film makes a serious attempt at getting inside the head of a character who just might be a prison’s new hangman. It doesn’t quite
        FILE PHOTOS  -  610 words
      • 576 27  -  By Geoffrey Eu ROMANCE, adventure and the irresistible lure of the wild are all integral parts of Tarzan, the idealised version of the noble male, faithful mate and super-buff vine swinger created by Edgar Rice Burroughs over a century ago. Through a long-running series of books, comic
        576 words
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