The Business Times, 7 July 2016

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Microfilm: NL33908
Total Pages: 26
1 26 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 Thursday, July 7, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    246 1 The impact of Britain exiting the European union on trade and investment in East Asia and the Pacific is not likely to be substantial due to the region’s low exposure to the UK, says the World Bank in a new report. TOP STORIES 2 The trade credit and
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  • Article
    Lock icon MARKETS
    24 1 Wednesday Change STI Closed KL COMP Closed NIKKEI 225 15,378.99 -290.34 HANG SENG 20,495.29 -255.43 SHENZHEN B 1,113.59 -4.12 DOW(11.45AM EDT) 17,822.20 -18.42
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  • Article, Illustration
    Lock icon Rules in the works for S’pore carriers on flight data recovery and distress tracking
    1005 1  -  CAAS efforts part of global regulatory push to avoid another incident like MH370 tragedy more than two years ago By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE-BASED airlines will have to comply with two new safety requirements
    Compiled by BT  -  1,005 words
  • Article, Illustration
    Lock icon Brexit won’t hurt just UK-EU trade, says World Bank
    683 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore ACCORDING to the World Bank, the vote in Britain to exit the European Union (EU) marks the withdrawal of the country from the EU’s project of “deep economic integration” which raises the possibility that the
    Photo: Reuters; Source: World Bank Group  -  683 words
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      104 1 SUCCESS ABROAD Singaporeans who took the plunge and thrived TOP STORIES 4 HOCK LOCK SIEW Good that SGX has accepted its lot in life COMPANIES MARKETS 5 CHILCOT REPORT Damning verdict on Blair over Iraq war top stories 3 THE BUSINESS TIMES Brexit unlikely to affect trade, investment in East
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      13 1 Closing search for MH370 will not be a surprise: Inmarsat VP, Page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Brexit unlikely to affect trade, investment in East Asia & Pacific
      580 2  - Brexit unlikely to affect trade, investment in East Asia Pacific Although, via the global value chain channel, it could have a negative if small impact on trade in these regions By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE impact of Britain exiting the European Union (EU) on trade and investment in
      PHOTO: REUTERS  -  580 words
    • Article
      Lock icon Closing the search for MH370 will not be a surprise: Inmarsat VP
      476 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore IT WOULD not be a surprise if the whereabouts of flight MH370 remain unknown, said a high-ranking executive for the company that helped narrow the search area for the missing aircraft in
      476 words
    • Article, Illustration
      Lock icon Chilcot report condemns Tony Blair’s Iraq war blunder
      1017 3  -  It suggests that Mr Blair’s Labour government failed, the intelligence community failed and the military failed By Neil Behrmann btworld@sph.com.sg London THE long awaited 2.6 million word, 12 volume, Chilcot report has issued a damning verdict on Tony Blair’s Iraq war blunder.
      PHOTO: REUTERS  -  1,017 words
    • Article
      Lock icon China fintech group to expand in S-E Asia
      607 3  -  By Grace So btnews@sph.com.sg Singapore LEADING Chinese Internet finance service provider Credit China Holdings (CC) is looking to South-east Asia’s budding fintech industry for growth opportunities. Hong Kong-listed CC focuses on fintech products and services and is chaired by the former CEO
      607 words
    • Article, Illustration
      Lock icon Kampung boy prospers in Thailand
      1135 4  -  “Doing well and doing good” and respecting Thai values has paid off handsomely for Francis Foo since 1994 SUCCESS ABROAD Singapore companies expanding overseas are often hamstrung by a lack of local talent willing to relocate, especially to emerging markets. BT speaks to two Singaporeans
      PHOTO: YEN MENG JIIN  -  1,135 words
    • Article, Illustration
      Lock icon Engineer turned CEO runs US$1b company at age 32
      1004 4  -  By Grace So btnews@sph.com.sg Singapore LIM Yeow Keong, 40, was just an engineer at Sembcorp when he was offered the opportunity to relocate to the United Arab Emirates (UAE). He decided to move, putting him in the right place at the
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      338 2 8 th WEE CHO YAW SINGAPORE-CHINA FINANCE AND BANKING FORUM, SINGAPORE THURSDAY, 14 JULY 2016 2.30 PM 5.00 PM PAN PACIFIC SINGAPORE The year ahead will be challenging for the global economy with headwinds that will likely slow global trade. China’s weakening economy, higher interest rates in the US, plunging
      338 words
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      16 2 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
      16 words
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      143 3 il S-. 'Jt V- Fuel 1/1 320 192 consumption: 8. SSU&. .•n Excellence elevated. Designed for those with exceptional taste, the S 320 is now available with the PLUS package. Enhance your experience with service credits, attractive overtrade and the CARessentials package. The S 320 truly epitomises driving indulgence thanks
      143 words
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      186 4 Reaching out to 1.9 Billion People <r <* o*. 5« 6 i 'Vi f |7V ifc Welcome to the 13 th China-ASEAN Expo September 11 th 14 th 2016 Nanning, China 5 major pavilions for commodity trade, investment cooperation, advanced technology, trade in services and cities of charm Showcasing cutting-edged
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  • COMPANIES & MARKETS
    • Article
      Lock icon Good that S’pore Exchange has accepted its lot in life
      995 5  -  HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT IT IS sometimes said that the secret to happiness lies in lowering expectations to match reality. If that is the case, the Singapore Exchange (SGX), in apparently de-emphasising the importance of China,
      995 words
    • Article
      Lock icon Defective trains to be repaired sooner than expected: LTA
      326 5 Singapore LAND Transport Authority (LTA) said that more than two dozen SMRT trains with hairline cracks in them will be repaired sooner than previously reported. “Starting next year, with the arrival of more new trains for NSEWL (North-South and East-West Lines)
      326 words
    • Article
      Lock icon Yeoh Choo-Guan is now UBS head of Asean equities
      224 5  -  By Tan Effie taneffie@sph.com.sg Singapore SWISS global financial services group UBS has promoted Yeoh Choo-Guan to head of Asean equities. Ms Yeoh, who has been with UBS for more than 15 years, was previously head of Asean client trading execution and
      224 words
    • Article
      Lock icon Low double-digit growth expected for trade credit, political risk insurance
      739 7  -  High-teen growth seen resuming after two years as businesses hedge against deteriorating risk profiles of various sectors By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE trade credit and political risk insurance market is expected to grow in the low double digits
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    • Article
      Lock icon Asia-Pacific economic picture outside of China brightens: S&P
      541 7  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore ASIA-PACIFIC economies had a pretty good second quarter, said S&P Global Ratings, which believes the macro view looks “a bit more secure” in two key economies in the region Japan and India. Both have made strong
      541 words
    • Article
      Lock icon Fitch downgrades China Fishery’s issuer default rating
      257 7 Singapore FITCH Ratings has downgraded the beleaguered China Fishery Group’s issuer default rating to “D” or “default” from “RD” or “restricted default”. No outlook has been assigned. The downgrade follows China Fishery’s announcement on June 30 that the company and its subsidiaries had
      257 words
    • Article
      Lock icon Pound hit by fears over broader impact of Brexit
      431 8 CURRENCIES REUTERS London THE safe-haven yen soared to a 3.5-year high against the struggling British pound on Wednesday on growing fears about the broader impact on financial markets and the global economy of Britain’s vote to quit the European Union. Sterling
      REUTERS  -  431 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 8
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Jul 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.966 5.009 0.673 5.827 50.658 98.601 0.764 8.681 3.016 1.041 78.678 35.320 1.013 11.091 0.729 24.246 26.405 0.571 0.751 Canada 1.035 5.184
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 8
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      • Article, Illustration
        Lock icon DOW JONES
        2 8
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Jul 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0129 1.0134 0.7510 0.7512 Canadian dollar 1.0483 1.0489 0.7775 0.7772 Euro 1.5043 1.5049 1.1154 1.1156 NZ dollar 0.9727 0.9736 0.7212 0.7217 Sterling pound 1.7749 1.7757 1.3160 1.3163
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Jul 5 S$ Bid Offer 1-month 1.3488 1.3492 2-months 1.3490 1.3496 3-months 1.3487 1.3499 6-months 1.3503 1.3511 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 8
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        208 8 Jul 5 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.5 -0.2 4892 0.1 1620 3 Rowsley Ltd W*****3 0.3 unch 3084 1 18 3 STI 2800 MB ePW*****1 5 0.1 2520 0.0 1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 8 In local curr In S$ In US$ dy yr dy yr dy yr Jul 5 Index Change Change Change Change Change Change World Preliminary 1247.3 -0.9 -2.4 -0.6 -5.9 -1.0 -1.1 EAFE Preliminary 918.9 -0.9 -9.3 -0.9 -11.3 -1.2 -6.8 Europe Preliminary 1318.1 -1.1 -6.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        371 8 Jul 6 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9352.50 9382.50 9290.00 9362.50 *****4 *****1 Aug16 9327.50 9360.00 9270.00 9350.00 1611 4514 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Dec16 *****.00 *****.00 *****.00 *****.00 202 5747 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Jul 5 $S Offer Bid 0vernight 0.03 Par 1-month 0.6875 0.5625 2-months 0.8750 0.7500 3-months 0.9375 0.8125 Overnight mode: 0.05 US$ Offer Bid 7 days 0.52 0.42 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
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        65 8 Jul 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.27 99.32 99.26 5-Year NX*****X 2.250 01-Jun-21 104.26 104.28 104.08 10-Year NX*****F 2.125 01-Jun-26 103.62 103.70 103.04 15-Year NZ*****F 2.875 01-Sep-30 110.41 20-Year NZ*****V 3.375 01-Sep-33 118.25 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 8 Jul-5 Price Net change change Last Trade Agricultural Jul-5 CBOT Soybeans (US cents/bu) 1117.00 -51.75 -4.43% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.82 -0.21 -0.68% 14/07/2016 CBOT Wheat (US cents/bu) 419.50 3.25 0.78% 14/07/2016 Jul-5 LIFFE Cocoa (£/tonne) 2485.00 68.00 2.81% 14/07/2016 LIFFE Coffee (US$/tonne) 1758.00 -5.00 -0.28%
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    • Article
      Lock icon SGX MAINBOARD
      1813 9 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 140.5 -0.5 443 141.5 140.5 0.9 8.1 894.2 Div 169.8 101 ARA Asset Mgmt 137 -1.5 101 138.5
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    • Article
      Lock icon SGX CATALIST
      286 9 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld 0.9 0.2 t Advanced Systems 0.2 unch 202 0.2 0.2 5.3 MCap High LOW 19.9 8.3 t Anchor Resources 12 +0.1 9756 12.3 11.8 33.6 Sale
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    • Article
      Lock icon SGX ETF
      196 9 52-Wk Last val ow ow emu Met Mca: Hg} law manner sale »I- 1000) Him Law ¢:'vr 5 P1! II‘? ll.‘ Asrscaonustrm “‘V‘11° 41.7 :3 WI H35 V M3: 13 97 CIMBAPACDNSSO “H.107 ,»2‘1 I 107 107 92 mil clmmmcnwuss. I 1290 rm cmnansznmpssu ._,.,.._A._-.,,..__.,_ use -10 0
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      218 5 SINGAPORE SPORTS AWARDS 2016 Sp&rt SINGAPORE CONGRATULATIONS TO OUR LEAGUE OF CHAMPIONS O BNP PARIBAS WTA FINALS SINGAPORE presented by SCglobal WINNER Best Sports Event of the Year (International) The BNP Paribas WTA Finals Singapore presented by SC Global is the most anticipated event in the WTA Calendar. Filled with
      218 words
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      2303 6 A ACCORDIA GOLF TRUST ACCORDIA GOLF TRUST (A business trust constituted on 16 June 2014 under the laws of the Republic of Singapore and managed by Accordia Golf Trust Management Pte. Ltd.) (Registration No. *****02) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of
      2,303 words
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      3964 6 «0» artivision technologies ARTIVISION TECHNOLOGIES LTD. (Incorporated in the Republic of Singapore) (Company Registration No.: *****7031R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ARTIVISION TECHNOLOGIES LTD. (the "Company") will be held at 16 Arumugam Road. Lion Building D, #05-01, Seminar Room, Singapore
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      174 7 hCrHt^n UHLS hs EXPAND GROUP OF COMPANIES Mr Von Lee Yong Miang PBM Executive Chairman of Expand Group of Companies On Your 16 th Anniversary Appreciation Dinner, in recognition of your $1 Million Donation to Nanyang Technological University and the Launch of the $2.5 Million Von Lee Yong Miang Bursary
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      71 9 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Real estate funds in UK freeze withdrawals
      896 10 Aviva Investors, M&G Investments and Standard Life move to stem the tide of redemptions as negative sentiment undermines confidence in London as a regional hub London THE financial strains from Britain’s vote to leave the European Union are starting to show, as fear
      PHOTO: BLOOMBERG  -  896 words
    • Article, Illustration
      Lock icon US landlords help tenants buy their properties
      1170 11 Renters are managing soaring rents by opting to buy the homes they stay in, with help from large rental firms such as Blackstone and American Homes 4 Rent WP Washington MELISSA Suniga and her mother had been renting a three-bedroom Phoenix house for
      WP; PHOTO: BLOOMBERG  -  1,170 words
    • Article, Illustration
      Lock icon Shareholders lose out in Vanke takeover fight
      854 12 China property group’s shares dive after six-month suspension engineered by bosses trying to fight off hostile takeover, clearing billions off its market capitalisation AFP Beijing SHARES in China’s biggest property company plunged this week as it returned to trading, after a six-month suspension
      AFP; PHOTO: AFP  -  854 words
    • Article
      Lock icon Househunt
      1441 12 Property transactions for districts 1 to 18 with contract dates between May 25 and May 31,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED One Shenton Apt 30/05/2016 99 2271 3407 1500 District 2 NON-LANDED Icon Apt 25/05/2016
      1,441 words
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      55 10 t. CALL 1800 822 6382 FOR THE MOST EFFECTIVE ADVERTISING SOLUTION TO PLACE NEWSPAPER 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 THE NEW PAPER BERITA HARIAN TAMIL MURASU LIANHE ZAOBAO I LIANHE WANBAO I SHIN MIN
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      372 10 REAL ESTATE FINANCE SECURITISATION 15-19 Aug 2016 NUS Mational University Singapore 1 a £5r.. in OVERVIEW This module focuses on issues related to real estate finance and securitisation. It is divided into two parts. In the first part, debt financing via the traditional as well as more innovative routes, such
      372 words
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      204 11 KnightFrank.com.sg Food Factory for Sale by Expression of Interest At Jalan Boon Lay 1-sty food factory with Hi-ceiling warehouse, cold rooms office Land Area: approx. 174,000 sq ft Floor Area: approx. 151,000 sq ft Tenure: 60 years leasehold from 1972 EOI closing date: Wednesday, 10 August 2016, 4pm Alvin Teng
      204 words
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      206 11 jll.com.au/properties Ready to Build Landmark Development Site with Approval in absolute heart of Subiaco, Western Australia FOR SALE L*****26E Cnr Rokeby Roberts Road, Subiaco, WA Prime corner site of 5,451 sqm* Unrivalled location only 4km* from Perth CBD DA for iconic 16-storey mixed-use residential project delivering 292 apartments 22,020 sqm*
      206 words
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      1271 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AHDF SHENYANG HOTELS (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****8158D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of AHDF SHENYANG HOTELS (SINGAPORE) PTE. LTD. deemed to have been
      1,271 words
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      3640 13 CHASEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6814G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHASEN HOLDINGS LIMITED (the “Company”) will be held at Violet Room, Level 3, The Chevrons, 48 Boon Lay Way, Singapore *****1, on
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  • BANKING & FINANCE
    • Article
      Lock icon Move to chip cards could make ATMs obsolete
      702 14 US ATMs that don’t have EMV by Oct will be liable for any counterfeit fraud on the machines, but upgrading is costly BLOOMBERG Portland THAT automated teller machine in the dark corner of the bar could be on its way out. By
      BLOOMBERG  -  702 words
    • Article
      Lock icon Italy could spark Europe-wide bank crisis: SocGen chairman
      386 14 Rules limiting state aid to lenders should be reconsidered, he says BLOOMBERG London ITALY’S banking crisis could spread to the rest of Europe and rules limiting state aid to lenders should be reconsidered, Societe Generale SA Chairman Lorenzo Bini Smaghi said. “The
      BLOOMBERG  -  386 words
    • Article, Illustration
      Lock icon Tax ruling on Wells Fargo may spur refunds
      611 14 BLOOMBERG New York WELLS Fargo Co got less than it wanted in a federal tax-refund lawsuit, yet the bank’s partial victory may spur billions of dollars in similar refund claims from companies that have done repeated mergers and acquisitions, tax lawyers say.
      BLOOMBERG; PHOTO: REUTERS  -  611 words
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      2228 14 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2727W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (“AGM”) of China Kunda Technology Holdings Ltd (the “Company”) will be held
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      28 15 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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      1991 15 r GAYLIN Trusted For Lifting Rigging GAYLIN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****4068M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Jurong Country Club, Albizia Room, 9 Science Centre Road, Singapore
      1,991 words
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      240 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF BUKITTIMAH CHARTERING PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****0580M) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 29 June 2016,
      240 words
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      240 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF BUKITTIMAH SHIPPING PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****0583E) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 29 June 2016,
      240 words
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  • TECHNOLOGY
    • Article
      Lock icon South Korean copy of Snapchat takes off in Asia
      840 16 Snow focuses on Asian consumers with its filters of Asian food and pop stars NYT Hong Kong IT SENDS short, self-destructing messages. It has a place to share videos called stories. It has camera filters that transform a person into a
      NYT  -  840 words
    • Article, Illustration
      Lock icon Politics seen overshadowing deals at media moguls’ summit
      614 16 BLOOMBERG New York THE titans of media and technology are back in Sun Valley, Idaho, for their annual summit to plot the future of their industries, but it seems like world politics and the economy are what everyone really wants to talk
      BLOOMBERG; PHOTOS: AFP  -  614 words
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      131 16 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
      131 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Big solar leaves rooftop systems in the dust
      795 18 Large systems that sell directly to utilities will account for 70% of new solar added to grid this year REUTERS New York SOLAR power is on pace for the first time this year to contribute more new electricity to the grid than
      REUTERS; PHOTO: REUTERS  -  795 words
    • Article
      Lock icon Keeping giant gems intact during mining a challenge for producers
      748 18 BLOOMBERG London A BLACK-AND-YELLOW dump truck rumbles up from a giant pit in the mountains of southern Africa, carrying a load of freshly blasted slate-grey rock from the Letseng mine. With luck it will contain a golf-ball sized diamond worth
      BLOOMBERG  -  748 words
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  • CONSUMER
    • Article
      Lock icon China Inc on buying spree of global healthcare assets
      864 19 Surge driven by firms seeking to diversify, with slowing local growth, govt push to upgrade ‘Made in China’ brand BLOOMBERG Beijing CHINA’S healthcare companies are on an acquisition tear, attempting to buy their way into international markets like never before. Chinese
      BLOOMBERG  -  864 words
    • Article, Illustration
      Lock icon Iconic American snack maker Hostess eyes public listing
      735 19 Move comes as US food industry’s sales and profit are slumping BLOOMBERG New York HOSTESS Brands LLC, the baker of Twinkies and Ding Dongs, plans to become a publicly listed company, marking a revival for an iconic American baker that just three
      BLOOMBERG; PHOTO: REUTERS  -  735 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Americans’ spending seen as solid through latest overseas turmoil
      950 20 Robust hiring, pick-up in wages, record wealth, low borrowing costs, smaller debt burdens fuel household spending BLOOMBERG Washington THE famed American consumer stands between Brexit and a pronounced slowdown in US economic growth. Thank goodness. Households have plenty of wind at
      BLOOMBERG; PHOTO: AFP  -  950 words
    • Article
      Lock icon Secular stagnation in Taiwan draws central bank warning
      322 20 BLOOMBERG Taipei FROM excess savings and a lack of demand to the need for government-led investment, shades of Larry Summers’s secular stagnation thesis are evident in Taiwan. Problem is, fiscal and monetary policy makers can’t agree on what to do about it.
      BLOOMBERG  -  322 words
    • Article
      Lock icon Wales rejects EU, but its money will be missed
      1072 20 NYT Newport, Wales DAVID Adams co-owns a painting business here. His leanings in the recent referendum to leave the European Union (EU) would seem obvious. Grants from the EU have funded many of the projects he works on, including the former
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      Lock icon France lures London bankers with extra tax break
      617 21 Already favourable tax regime for expats returning from stints abroad to be enhanced; one-stop administrative point for foreign firms seeking foothold in France to be set up REUTERS Paris THE French government pledged on Wednesday to make its tax regime for expatriates
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      Lock icon EU urges swift ratification of trade deal with Canada
      514 21 AFP Strasbourg, France THE EU Commission on Tuesday urged member states to swiftly ratify the long delayed EU-Canada trade deal, an agreement that is seen by critics as a dangerous model for a much larger deal with the US. Canadian and
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      Lock icon US trade deficit widens in May on higher oil prices
      520 21 LATEST US DATA REUTERS Washington THE US trade deficit widened more than expected in May as rising oil prices helped to push up the import bill while exports were constrained by the lingering effects of a strong US dollar. The
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      36 20 CALL HIM MR ROBOT You will soon see his creations in eateries and hotels Explorer goes on Ganges trek to spread water conservation message GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      38 20 “A mustread for anyone interested in original and insightful observations of Singapore society, from the big to the small issues.” HO KWON PING executive chairman of Banyan Tree Holdings Now on sale at all major bookstores and www.stpressbooks.com.sg
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      155 20 Celebrating our 10th anniversary, INVEST Fair 2016 brings together renowned world-class speakers and experts in the region to share the latest development and outlook in the financial industry. EVENT DETAILS Suntec Hall 401-403 REGISTER ONLINE AND DOUBLE YOUR CHANCE IN OUR LUCKY DRAW! 30th 31st July 2016 10am 7pm +65
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      90 20 1 i t KEYNOTE SPEAKER Kishore Mahbubani Dean and Professor in the Practice of Public Policy, Lee Kuan Yew School of Public Policy, National University of Singapore SPEAKER Eric Kong Fund Manager, Executive Director, Aggregate Asset Management SPEAKER Teh Hooi Ling Head of Research, Executive Director, Aggregate Asset Management PANELIST
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      23 21 Pluck out the plummiest job opportunities from The Straits Times Recruit every day! To advertise, call The Straits Times Recruit Hotline: 1800-289 8822
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      473 21 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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      413 21 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTERS OF (1) DERINGER PTE LTD Reg No. *****8646K (2) KINGSGROVE HOLDINGS PTE LTD Reg No. *****9821W (All In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At the respective Extraordinary General Meeting of the abovenamed Companies duly convened and
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      903 23 the Business times Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
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  • OPINION
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      Lock icon Investors should guard against complacency in post-Brexit world
      581 24 EDITORIAL IN the week after Britain voted to exit the European Union in a referendum now etched in the collective memory as “Brexit”, stock markets around the world defied expectations by rallying sharply. Prior to the June 23 vote, experts had warned
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      Lock icon Britain’s go-slow advantage
      788 24  -  THE BOTTOM LINE By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum. OMFIF Athens ATHENS is a useful vantage point from which to reflect on the surreal nature of European plebiscites. After Britain’s 52 per cent to 48 per
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      Lock icon Time to reconsider a career in IT
      1138 24  -  The profession offers higher salaries, opportunities for career advancement, and is one that is respected and considered to be prestigious. BY DAMIEN JOSEPH prestigious.BY DAMIEN JOSEPH T The writer is associate professor of information technology and operations management at Nanyang Business School, ntu.
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      Lock icon Nato summit looks to stress unity in the face of Russian challenge
      1022 25  -  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. LEADERS from 28 countries, with a collective population of around one
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      Lock icon Which thinkers will define our future?
      929 25  -  COMMENTARY By J Bradford DeLong T The writer, a former deputy assistant US Treasury secretary, is Professor of Economics at the university of California at Berkeley and a research associate at the National Bureau of Economic Research. Berkeley SEVERAL years ago, it occurred to
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      Lock icon Dual class shares subvert investor rights, harm trust in markets
      1122 25  -  At risk is undermining the reputation for a strong regulatory regime with engaged shareholders. By HUGH YOUNG and DAVID SMITH shareholders.By HUGH YOUNG, DAVID SMITH T Hugh Young is managing director of Aberdeen Asset Management Asia Ltd, and group head
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  • LIFE & CULTURE
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      Lock icon US schools shift towards no-zero grading policies
      1323 26 The policies have stirred debates about the purpose of academic grades WP Washington SCHOOL districts in the Washington, DC, area and across the country are adopting grading practices that make it more difficult for students to flunk classes, giving students opportunities to retake
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      Lock icon Thailand struggles to care for its elderly
      752 26 AFP Bangkok AS he wheels his 77-year-old aunt away from Bangkok’s first day centre for the elderly, Nakhon Thianprasert reflects on the familial duties that oblige him to juggle night-shift work and care for his ageing relative. It is an increasingly common predicament
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      Lock icon Health authorities fear disease surge as some Malaysians reject vaccines
      493 26 REUTERS Kuala Lumpur MORE children are falling victim to contagious diseases in Muslim-major-ity Malaysia, worrying health authorities as parents reject immunisation programmes for fear the vaccines used infringe strict religious rules. The deaths of five children in June from diphtheria,
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  • Page 26 Miscellaneous
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      361 26 CRYPTIC CROSSWORD Across 1 Opposition from Royal Engineers is over policy (10) 6 Wedge lobbed over bunker (4) 9 Loud stringed instrument or one in the woodwind section (5) 10 Alert lover abroad to get rid of old tourist (9) 12 Parrots are pets up in the air (7) 13
      361 words