The Business Times, 12 July 2016

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Microfilm: NL33909
Total Pages: 41
1 14 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 Tuesday, July 12, 2016
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  • Article
    Lock icon DAILY DIGEST
    153 1 The uncertainties as a result of Brexit will weigh on the global economy for a few years, says Deputy Prime Minister Tharman Shanmugaratnam. TOP STORIES 2 DBS is seeing pay-off from the digital investments made in the last five years, as it looks to bring down cost that
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  • Article
    Lock icon MARKETS
    26 1 Monday Change STI 2,876.14 +29.10 KL COMP 1,653.87 9.33 NIKKEI 225 15,708.82 +601.84 HANG SENG 20,880.50 +316.33 SHENZHEN B 1,114.42 -2.50 DOW(11.45am EDT) 18,258.09 +111.35
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  • Article, Illustration
    Lock icon New CBD in Jurong to offer flexible spaces for future economy
    1238 1  -  URA unveils third precinct, which will be home to the KL-Singapore High Speed Rail terminus By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SINGAPORE’S second central business (CBD) district, the Jurong Lake District (JLD), will feature adaptable spaces for the future
    PHOTO: MND; Source: URA; BT Graphics: Dania Amiril & Hyrie Rahmat  -  1,238 words
  • Article, Illustration
    Lock icon S’pore to kick off tenders for S$9.5b in water and waste projects
    739 1  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE will soon be calling for tenders for water and waste infrastructure projects that are estimated to cost S$9.5 billion in total. Starting from the third quarter of this year, Singapore’s national
    Source: PUB  -  739 words
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      56 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES SWISS STATE VISIT SPECIAL REPORT Taking bilateral ties to a new high 14-page pullout with your copy of The Business Times today PATEK PHILIPPE GENEVE Begin your own tradition. EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-07/08 Tel:
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      46 1 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg THERESA MAY IS PM Her government will work for ‘ordinary working people’ TOP STORIES/ 2 WORLD CITIES WATER WEEK Water industry to get S$200M boost: PM Lee TOP stories 4 ADVERTISING REVOLUTION Riding the pull of digital advertising SME 28
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  • TOP STORIES
    • Article, Illustration
      Lock icon Theresa May will be UK’s new PM from Wed: Cameron
      605 2 She pledges to put govt at the service of “ordinary working people”, laying claim to the centre ground REUTERS Birmingham, England BRITAIN’S next prime minister, Theresa May, pledged on Monday to put government at the service of “ordinary working people”,
      REUTERS; PHOTO: REUTERS  -  605 words
    • Article
      Lock icon Brexit likely to dampen global growth: Tharman
      642 2  -  For now, MTI does not expect Brexit to significantly reduce Singapore’s growth in the next few years PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE are many uncertainties as a result of Britain’s decision to withdraw from the European Union (EU), and these
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    • Article
      Lock icon Civil service internet curb: govt e-services, email with public won’t be affected
      590 2  -  Cyber security threat level in Singapore is significant and shows no sign of abating, says Yaacob Ibrahim By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government’s move to restrict internet access on the work computers of public servants may
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    • Article
      Lock icon New Bill defines contempt of court, sets out penalties
      945 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore A NEW Bill that seeks to consolidate existing law on contempt in statutory form and that sets out the maximum penalties has been introduced in parliament, in a move to provide greater clarity and certainty.
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    • Article
      Lock icon MAS can make grants to IMF with House’s approval
      313 2  -  By leeuwen@sph.com.sg Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PARLIAMENT passed amendments to the Bretton Woods Agreements Act on Monday to allow the Monetary Authority of Singapore (MAS) to participate in the International Monetary Fund’s (IMF) Poverty Reduction and Growth Trust (PRGT). Singapore’s
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    • Article, Illustration
      Lock icon Water industry to get S$200m boost: PM Lee
      884 4  -  The funds are in addition to the S$400m put into R&D in water technology since 2006 WORLD CITIES SUMMIT WATER WEEK By Renald Yeo yrenald@sph.com.sg Singapore SINGAPORE’S water industry is set to expand, buoyed by an infusion of S$200 million from the
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  884 words
    • Article
      Lock icon Don’t neglect social inclusion as cities urbanise
      607 4  -  Make sure innovation doesn’t create winners and losers, but everyone moves up, says Tharman By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AS cities urbanise, they cannot neglect social inclusivity, Deputy Prime Minister Tharman Shanmugaratnam said at the World Cities Summit on Monday. And cities
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    • Article, Illustration
      Lock icon Engie opens green-energy research lab in Singapore
      665 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore FRENCH energy giant Engie on Monday opened its first Asian research centre in Singapore, which will focus on green energy as the group formerly known as GDF Suez makes a shift towards renewable energy in a three-year
      PHOTO: ENGIE  -  665 words
    • BRIEF
      • Article
        Lock icon Sembcorp Industries
        27 4 SEMBCORP has signed memorandums of understanding (MOUs) with Mitsubishi Electric and Scinor (Asia) to test-bed new technologies for water under the Industrial Living Lab initiative.
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      • Article
        Lock icon General Electric
        48 4 AS Singapore looks to reduce the energy requirements for desalination and wastewater treatment, PUB has signed a MOU with General Electric to explore ways to collaborate over technology in the next five years. Areas for collaboration include reverse electrodialysis, anaerobic membrane reactors, and industrial water processes.
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      • Article
        Lock icon Memstar
        50 4 MEMSTAR, a unit of Chinese membrane firm Citic Envirotech, has opened its 5,100 square metre membrane production facility at Kian Teck Drive in Singapore. This new plant will double Memstar’s production capacity of its patented “third generation thermally induced phase separation membranes” to 10 million sq m per annum.
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      • Article
        Lock icon DHI
        59 4 DANISH water and environment company DHI is expanding its R&D centre in Singapore. Over the next five years, 60 researchers will be added to its 110-strong research team based here. With this investment, DHI will develop and commercialise technologies to bring access to water data to the world’s decision
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      • Article
        Lock icon CH2M
        58 4 CH2M is positioning its Singapore operations as an infraHub in Asia-Pacific to leverage cross-sector synergies to deliver complex infrastructure projects for its clients. The InfraHub will execute a leadership development programme to groom multi-disciplinary capabilities with strong project management skills. This is to drive growth in areas such as
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      • Article
        Lock icon New regional offices
        57 4 JOHN Holland Group, an Australian construction, tunnelling, and rail company, has set up its regional office in Singapore. This is its first office in Asia. Acciona, a Spanish conglomerate in infrastructure, renewable energy and water, will also open its new office in Singapore, its first in Asia
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      • Article
        Lock icon MasterCard
        38 4 MASTERCARD and the Singapore Economic Development Board have signed a MOU to help companies in Singapore build innovative technology solutions to improve consumer experiences, and enable companies to expand into adjacent business areas in a digital environment.
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    • Article
      Lock icon Paktor snags US$10m funding; Infocomm Investments partners Bansea to fund seed-stage startups
      629 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore Singapore THE startup ecosystem scored two positives on Monday: homegrown dating platform Paktor snagged US$10 million in a new funding round, while Infocomm Investments (IIPL) has partnered Bansea (the Business Angel Network
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    • Article, Illustration
      Lock icon DBS sees pay off from digital investment
      866 5  -  It’s picked by Euromoney magazine as the world's best digital bank; CEO Piyush Gupta calls the bank a 22,000-people start-up By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS is seeing pay-off from the digital investments made in the last five years, as it looks
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    • Article
      Lock icon Suspect in July 7 StanChart robbery nabbed in Bangkok 3 days later
      309 5  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore POLICE in Bangkok have arrested the suspect in the robbery of a Standard Chartered branch along Holland Avenue, three days after the July 7 crime, according to the Singapore Police Force (SPF).
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      102 5 FOUR SEASONS JAKARTA’S NEW CLASSIC: HAS RETURNED I v W r J K f IT J I i the a Continuing a 20-year tradition of refined elegance and thoughtful service, new Four Seasons Hotel Jakarta makes a grand entrance in a supremely convenient location in Capital Place. Combining award winning
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  • COMPANIES & MARKETS
    • Article
      Lock icon Making a mockery of pay disclosure code
      592 6  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT IT must be hugely frustrating for regulators in the Singapore Exchange (SGX) to have to comb through annual reports when they are released after the reporting season ends, then fire off queries to companies that
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    • Article, Illustration
      Lock icon Advancer Global soars in debut trading on Catalist board
      394 6  -  Strong demand bodes well for broader IPO market, bookrunner says By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MAID agency Advancer Global made a sparkling trading debut on the Catalist board on Monday, closing at 39 Singapore cents, 77.3 per cent above its
      Source: Sharelnvestor.com  -  394 words
    • Article, Illustration
      Lock icon Equity investment gains boost LPI’s H1 bottom line
      514 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur BREXIT may be causing all sorts of uncertainties in financial markets but listed insurer LPI Capital Bhd is confident its “prudent underwriting approach” will continue to deliver favourable results after posting first half-earnings that were nearly
      PHOTO: AFP  -  514 words
    • Article
      Lock icon Chiwayland making foray into US property market
      311 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore CHIWAYLAND International is taking its first step into the US property market with a half-stake in a joint venture to develop a US$69 million residential and hotel project in Los Angeles. The China and Australia-focused company said
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    • Article
      Lock icon Seacor buys 11 Pacific Richfield Marine vessels
      650 7  -  The vessel acquisition was pegged at just “a tiny fraction” of the ships' rock-bottom values, according to a report By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEACOR Marine has bought 11 vessels that Norwegian bank DNB is understood to have taken control of
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    • Article, Illustration
      Lock icon Genting HK to invest 100m euros in German group of shipyards
      405 7  -  By Tan Hwee Hwee hweetan@sph.com.sg Singapore GENTING Hong Kong will invest 100 million euros (S$ 149 million) in a group of three shipyards that it acquired in Germany in April. Genting Group chairman and chief executive KT Lim said
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    • CORPORATE DIGEST
      • Article
        Lock icon Swiber Holdings
        103 7 OFFSHORE marine player Swiber Holdings said its subsidiary Swiber Investment Limited (SIL) is looking into its legal options relating to the delayed completion of a US$200 million preference share subscription by AMTC Ltd. The subscription agreement was entered into on June 9. The subscriber confirmed that funds would
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      • Article
        Lock icon Singapore Press Holdings
        76 7 SINGAPORE Press Holdings (SPH) has engaged global privately owned Grapeshot to be its contextual categorisation and targeting solution provider. This move will enhance SPH’s advertising solutions, and enable its advertisers to optimise media buy results with real-time ad targeting. The focus on context will also ensure that
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      • Article
        Lock icon Development 35
        77 7 DEVELOPMENT 35 has completed the acquisition of 20 Lorong 35, Geylang. The plot, which has an area of about 1,115 square metres, comes with a price tag of S$20 million. Development 35 is 51 per cent owned by TEE Land and 49 per cent owned by KSH Holdings.
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      • Article
        Lock icon Golden Energy and Resources
        77 7 COAL miner and trader Golden Energy and Resources has received an extension, until Dec 31, to restore its shareholding spread and distribution levels to meet requirements under the listing manual. The company said it is in discussions with potential investors for a placement, and the extension
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index July 11,2016 2,876.14 +29.10 (+1.02%) Current streak 1 day Day high 2,884.58 Day low 2,868.80 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 11,2016 455.09 -4.26 (-0.93%) Current streak 2 days Day high 463.60 Day low
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    • Article, Illustration
      Lock icon Wall Street rally rubs off on local market
      647 8  -  STI up 29.1 points, led by banks, Singtel and Jardine C&C; 243-168 advance-decline score suggests gains are not widespread STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE were no real surprises in Monday’s session as the Straits Times Index jumped 29.1 points, or
      Source: Bloomberg  -  647 words
    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 -1 249/243 253 209 6.3 6435.1 CapitaCom Trust 153.5 +2 154/152.5 155 122.5 5.6 4538 CapitaLand 303 +4 304/300 350 267 12.1 3 ***** CapitaMall Trust 218 +2 219/215 225 184.5
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Noble R 240,237,200 Noble 148,067,300 Anchor Resources 79,614,200 Resources Prima 48,387,400 Advancer Global 41,117,900 Market volume 1,651,180,000 VALUE Singtel 105,328,972 DBS Grp 52,845,719 UOB 43,983,479 Global Logistic 40,541,212 OCBC Bank 39,224,340 Market value 922,020,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 11 VALUE CLOSE BT OB/OS 277.00 +275.00 BT CADI -*****.00 +51.00 BT 10-day MA -*****.00 +27.00 FTSE ST Mid Cap 682.44 +2.23 FTSE ST Small Cap 389.94 +1.19 FTSE ST All Share 700.70 +5.79 FTSE ST China Top 160.16 +0.69 FTSE ST China 189.46 +1.41 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index July 11,2016 700.70 +5.79 (+0.83%) Current streak 1 day Day high 702.06 Day low 699.32 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index July 8,2016 1,592.10 +9.04 (+0.57%) Current streak 2 days Day high 1,593.92 Day low 1,575.38 52-week high 1,894.42 (July 21, 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 8 6 3 1 0 0 9 6 3 Manufacturing 47 33 29 5 12 15 52 45 44 Commerce 22 20 13 5 5 3 27 25 16 Tpt/Stor/Comms 15 14 4
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    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 1065.4 3.7 *****/***** DBXT Nifty50 ETF10 ***** 418.1 2.5 *****/***** SPDR S&P500 US$ ***** 388.4 1.4 *****/***** DBXT iBoxxSing SG$ ***** 301.0 2.2 *****/***** DBXT E50 US$ 4223 125.4 2.3 5242/3918 BY PERCENTAGE CLOSE UP 52w high/low IPCO Intl
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low Lyxor Europe US$ 1216 -53.9 -3.2 1557/1150 S i2i 109 -46.0 -29.7 214/30 DBS Bk 4.7% NCPS ***** -45.0 -0.4 *****/***** DBXT S&P Short US$ 1995 -27.0 -1.0 2393/1987 DBXT Vietnam US$ 2437 -18.9 -0.6 2786/2017 BY PERCENTAGE CLOSE DOWN 52w high/low Ley
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE KTL Global 218.6 0.034 -0.015 -30.61 Amplefield Ltd 1,000.0 0.036 +0.007 +24.14 Wilton Resources 7,148.1 0.101 +0.014 +16.09 G Invacom 5,452.8 0.148 +0.027 +22.31 AVJennings A$ 128.6 0.585 +0.050 +9.35 EMS Energy 455.8 0.037 -0.011 -22.92 JEP 2,871.0 0.027 -0.003 -10.00 YHI Intl 398.0 0.320
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    • BROKERS’ TAKE
      • Article
        Lock icon Global invacom | Buy
        96 8 Global invacom Buy Target price: S$0.28 July 11 close: S$0.148 RHB,July11 We firmly believe that its subsidiary Skyware Global’s (SWG) turnaround is solid after our US visit. Major changes have been made, including the restructuring of its key management team, manufacturing line structure, processes and layout. This has led to
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      • Article
        Lock icon Del Monte Pacific | Add
        108 8 Del Monte Pacific Add Target price: S$0.38 July 11 close: S$0.34 CIMB Research, July 8 We maintain “add” on Del Monte Pacific, target price of S$0.38 based on 11.3 times 2017 earnings per share; one standard deviation below the historical average of US peers. While the company has done a
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      • Article
        Lock icon Triyards Holdings | Buy
        254 8  - Triyards Holdings Buy Compiled by Cai Haoxiang Target price: S$0.51 July 11 close: S$0.39 OCBC Investment Research, July 11 Triyards Holdings reported a 28 per cent year-on-year rise in revenue to US$82.1 million in Q3 FY2016, and a 2 per cent drop in gross profit to US$13.9 million due to
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    • Article
      Lock icon SGX ETFs Most Active
      108 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 292 +4 465 293/292 343/254 291/292 CIMBASEAN40 US$ US854 +1 150 854/854 941/700 852/854 133.9 ABF SG Bond ETF 118.8 -0.7 136 119.5/118.8 119.9/112 118/118.8 542.3 DBXT MSBrazil US$ US335 +12 80 335/332 355/190
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,791 446 14,237 48,230 87 48,317 Manufacturing 82,343 84,987 167,330 78,716 4,513 83,229 Commerce 422,409 20,735 443,144 87,106 453 87,558 Tpt/Stor/Comms 94,485 10,610 105,095 172,651 1,036 173,687 Finance 20,695 277 20,972 147,643 44 147,687 Construction
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    • Article
      Lock icon Yen slips as Tokyo stocks jump
      390 9 CURRENCIES REUTERS London THE yen fell by well over one per cent against the US dollar on Monday as Japan’s stocks jumped, after the country’s ruling coalition won a landslide victory in upper house elections, boosting hopes for more monetary stimulus. The greenback had
      REUTERS  -  390 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        209 9 Jul 11 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 0.3 unch 6702 1 18 3 OCBC Bk MBeCW*****4 7.3 0.2 4972 0.1 820 3 DBS MB eCW*****1 8.4 0.6 4764 0.1 1620 3
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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 Jul 8 Index Change Change Change Change Change Change World Preliminary 1260.2 1.0 -1.4 0.7 -5.3 1.0 -0.2 EAFE Preliminary 916.0 0.6 -9.6 0.3 -12.0 0.6 -7.2 Europe Preliminary 1330.6 1.4 -5.8
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 9 Jul 11 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9342.50 9475.00 9342.50 9400.00 *****3 *****0 Aug16 9355.00 9465.00 9347.50 9377.50 9527 6054 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****0 *****5 Dec16 *****.00 *****.00 *****.00 *****.00 6 5944 MSCI TAIWAN
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jul 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 5.040 0.684 5.846 50.622 98.835 0.768 8.651 3.011 1.040 79.004 35.638 1.017 11.022 0.742 24.285 26.470 0.585 0.754 Canada 1.014 5.112
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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        Lock icon NIKKEI
        1 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jul 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0159 1.0173 0.7533 0.7539 Canadian dollar 1.0306 1.0313 0.7643 0.7642 Euro 1.4866 1.4877 1.1023 1.1025 NZ dollar 0.9765 0.9778 0.7241 0.7246 Sterling pound 1.7371 1.7386 1.2881 1.2884
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jul 11 S$ Bid Offer 1-month 1.3485 1.3495 2-months 1.3488 1.3498 3-months 1.3491 1.3501 6-months 1.3499 1.3511 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jul 11 $S Offer Bid 0vernight 0.05 0.02 1-month 0.6875 0.5625 2-months 0.8750 0.7500 3-months 0.9375 0.8125 Overnight mode: 0.03 US$ 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
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Jul 11 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.29 99.32 99.29 5-Year NX*****X 2.250 01-Jun-21 104.33 104.45 104.35 10-Year NX*****F 2.125 01-Jun-26 104.1 104.28 104.10 15-Year NZ*****F 2.875 01-Sep-30 111.48 111.70 111.45 20-Year NZ*****V 3.375 01-Sep-33 119.67
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jul-8 Price Net change change Last Trade Agricultural Jul-8 CBOT Soybeans (US cents/bu) 1089.75 35.50 3.37% 14/07/2016 CBOT Soybean Oil (US cents/lb) 30.27 0.54 1.82% 14/07/2016 CBOT Wheat (US cents/bu) 420.75 8.75 2.12% 14/07/2016 Jul-8 LIFFE Cocoa (£/tonne) 2546.00 -3.00 -0.12% 14/07/2016 LIFFE Coffee (US$/tonne) 1795.00 35.00 1.99%
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    • Article, Illustration
      Lock icon Dymon hedge fund tops peers by positioning on right side of Brexit
      949 10 Dymon Asia Currency Value Fund is up 13% in H1 for investors using less leverage BLOOMBERG Hong Kong A TOP-PERFORMING hedge fund is sticking with wagers on a stronger yen and a weaker pound after the positions paid
      BLOOMBERG; PHOTO: REUTERS  -  949 words
    • Article
      Lock icon Yuexiu acquires residential parcel in Zhejiang for 986m yuan
      390 10  -  By Tan Hwee Hwee hweetan@sph.com.sg Singapore YUEXIU Property Company has acquired a land parcel in China’s Zhejiang province for 986 million yuan (S$ 198 million) by way of open tender through its indirect non-whol-ly-owned subsidiary. The Hangzhou Jianggan Niu Tian Land
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    • Article
      Lock icon BOC Aviation region’s 2nd biggest cross-border IPO in H1
      509 10  -  By Gladys Yeo gladyeo@sph.com.sg Singapore THE initial public offering (IPO) of Sin-gapore-based BOC Aviation Ltd, a member of Bank of China Group, is the second-largest cross-border listing in the Asia Pacific in the first half of this year. BOC Aviation raised
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    • Article
      Lock icon SGX MAINBOARD
      1886 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 151 127 AIMSAMP Cap Reit 142 unch 531 143.5 142 0.9 8 903.8 LOW Div 169.8 101 ARA Asset Mgmt 135.5 -2 235 138
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    • Article
      Lock icon SGX CATALIST
      351 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High 0.9 0.2 t Advanced Systems 0.2 unch 5994 0.2 0.2 5.3 44.5 32.5 t Advancer Global 39 ***** 44.5 32.5 15.5 67.5 Div C'vr GrYld
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    • Article
      Lock icon SGX ETF
      136 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1290 991 CIMBASEAN40 S$D 1161 +2 0 1161 1161 941 700 CIMBASEAN40 US$ US854 +1 150 854 854 133.9 3500 2355 DBXT China50 US$ US2850 +60 17 2878
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      Lock icon Page 6 Advertisements Column 1
      2180 6 KING WAN CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1034R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of King Wan Corporation Limited will be held at 8 Sungei Kadut Loop Singapore *****5 on Thursday, 28 July 2016 at 10:00
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      2965 7 COURTS ASIA LIMITED (the “Company”) (Company Registration No. *****1347K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Courts Asia Limited (the “Company”) will be held at 50 Tampines North Drive 2, Courts Megastore, Singapore *****6 (Studio Room,
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      2335 10 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CSC HOLDINGS LIMITED (Company Registration No.: *****7845E) (Incorporated in the Republic of Singapore) NOTICE OF 19TH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 19thAnnual General Meeting (“AGM”) of CSC Holdings Limited (the “Company”) will be held at 4th Floor,
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      79 11 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 This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or
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      2028 12 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SWING MEDIA TECHNOLOGY GROUP LIMITED (the “Company”) will be held at 6
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      3027 12 ELEKTROMOTIVE GROUP LIMITED (Registration No. *****7135Z) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ELEKTROMOTIVE GROUP LIMITED will be held at The National University of Singapore Society (NUSS), Suntec City Guild House, 3 Temasek Boulevard, #02-401/402, Suntec Tower 5, Singapore *****3
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  • REAL ESTATE
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      Lock icon Surbana Jurong launches ‘Smart City in a Box’
      790 13  -  It’s an open platform that gels various smart city solutions together By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FROM the monitoring of city traffic conditions, security, energy efficiency to predicting lift breakdowns, mayors and city officials are finally able to do so through
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    • Article
      Lock icon Asia Square Tower 1 sets Asia-Pac record
      417 13  -  By J Lossini jlossini@sph.com.sg Singapore SINGAPORE’S Asia Square Tower 1 has set the record of being the largest sin-gle-asset and office transaction in the Asia-Pacific region with a sale value of US$2.45 billion, according to real estate consultancy JLL. The 43-storey retail and
      417 words
    • Article
      Lock icon HDB inks S$10m deal for smarter estates
      411 13  -  WORLD CITIES SUMMIT AND WATER WEEK By Lee Meixian leemx@sph.com.sg @LeeMeixinBT Singapore THE Housing Development Board (HDB) on Monday signed three agreements for collaboration with industry partners at the World Cities Summit. These new partnerships will enable HDB to tap the expertise of
      411 words
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      156 13 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi W: www.smats.net E: smats@smats.net T:
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      350 13 Faculty Positions in Department of Real Estate, NUS The Department of Real Estate, NUS is seeking applicants with expertise in Real Estate (preferably in urban planning, real estate finance and economics or a related field) to apply for full-time positions in the educator track or practice track in 2016. Educator
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      148 13 Japan Real Estate Investment OrangeTee Japan Business Development Unit (JBD) in collaboration with Tokyu Livable Inc., Japan We cover All major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, Hiroshima, Sapporo, etc. All asset classes: Office, Retail, Residential Hotel, Land, etc. Income yielding assets with high occupancy Real Estate
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  • BANKING & FINANCE
    • Article
      Lock icon China pension funds ready 2t yuan war chest for market foray
      734 16 Deployed cash is expected to boost yields for low-return pension system BLOOMBERG Hong Kong CHINA’S pension funds are about to become stock investors. The country’s local retirement savings managers, which have about two trillion yuan (S$403 billion) for investment,
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      Lock icon UK hedge funds look to European watchdog to ease Brexit fears
      623 16 BLOOMBERG London The future of London as the hedge-fund capital of Europe, along with the £700 billion (S$1.23 trillion) of assets money managers control, may be determined by a market watchdog this month. The Paris-based European Securities and Markets
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      Lock icon Shanghai interbank rate lowest since May
      259 16 BLOOMBERG Shanghai Borrowing costs in Shanghai fell to the lowest level since May as funds returned to the banking system following increased demand for quar-ter-end regulatory needs. The decline comes even amid signs that the central bank is against maintaining excessive liquidity as it
      BLOOMBERG  -  259 words
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      Lock icon StanChart starts brokerage in Japan with 100 staff
      380 16 BLOOMBERG Tokyo STANDARD Chartered plc (StanChart) started its first brokerage business in Japan with 100 employees as institutional investors in the country seek products from emerging markets in Asia, the Middle East and Africa for better returns. The UK bank will deploy
      BLOOMBERG; PHOTO: REUTERS  -  380 words
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      1535 16 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices ANNICA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4025N) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalized terms herein shall bear the same meaning as used in the circular dated
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      4885 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Company Registration No. *****1615H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE NOTICE IS HEREBY GIVEN that the 38th Annual General Meeting of Stamford Land Corporation Ltd (the “Company”) will be held at Level 3,
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  • ENERGY & COMMODITIES
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      251 18 JIM ROGERS Investment Expert and Author Master Class with JIM ROGERS What to Invest Where is The Golden Hen? 30 July 2016 Suntec Singapore An Exclusive and Up-Close Session with Jim Rogers Learn from one of the world’s most legendary investor Jim Rogers, on his investing strategies and journey. Commonly
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      25 18 Life is too short for bad coffee Grab a copy at all good bookstores and www.stpressbooks.com.sg rab a copy at all good bookstores nd www.stpressbooks.com.sg
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      54 18 SINGAPORE Q UALIFIERS presented by 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 SINGAPORE QUALIFIERS 20, 26 JULY 2016 SINGAPORE FINALS 2 AUGUST 2016 ENTRY FEE $480 GOODIE BAG WORTH OVER $750 VENUE TANAH MERAH
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      4380 19 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Singapore Shipping Corporation Limited Company Registration No. *****1332G (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOK CLOSURE NOTICE IS HEREBY GIVEN that the 28th Annual General Meeting of Singapore Shipping Corporation Limited (the "Company")
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  • TECHNOLOGY
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      Lock icon Line prices IPO at top of range in year’s biggest tech debut
      506 20 Mobile-messaging service will sell 35m shares at 3,300 yen apiece and will exercise an option to sell more stock BLOOMBERG Tokyo JAPAN’S Line Corp set the price of its initial public offering at the top of the targeted
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      Lock icon Google to train 2 million Indian developers on Android
      220 20 BLOOMBERG Bangalore GOOGLE has launched a programme to train two million developers in India for its Android platform as it fires up a race with Apple Inc for the country’s developers to create innovative mobile apps. The Android Skilling programme will
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      Lock icon Pokemon hit gives early taste of smartphone success
      687 20 BLOOMBERG Tokyo NINTENDO Co, which hasn’t yet thrown itself fully into the world of mobile gaming, is giving people a good idea of what a smartphone hit looks like with the success of Pokemon Go. The company has added more than US$7
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      Lock icon Nintendo rally invokes history lesson
      392 20 BLOOMBERG Taipei SOMEONE needs to start throwing some Pokeballs at Nintendo’s share price after the stock jumped as high as its daily 25 per cent limit, the biggest gain since the gamemaker started trading 33 years ago. Investors are getting excited about the success of
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      Lock icon Fading Acer makes virtual reality gambit to turn things around
      782 20 BLOOMBERG Hong Kong ACER Inc’s best chance of regaining relevance in the brutal arena of computing gadgets may be a big gamble on virtual reality (VR). The personal computer maker that once led the world in laptops is jumping into
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      66 20 I aggregate asset management RETIREMENT E50 Will the Asian Century happen? Or will Asia stumble? KEYNOTE SPEAKER Kishore Mahbubani Dean and Professor in the Practice of Public Policy, Lee Kuan Yew School of Public Policy, National University of Singapore Learn how to better prepare for retirement at Raffles City Convention
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  • TRANSPORT
    • Article
      Lock icon Airbus close to US$7.5b A320neo deal from GoAir
      360 22 BLOOMBERG Toulouse AIRBUS Group SE is in discussions with Go Airlines India Pvt regarding the purchase of about 70 A320neo planes worth around US$7.5 billion at list prices, according to people familiar with the situation. An announcement could come as early as
      BLOOMBERG  -  360 words
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      Lock icon Transportation safety board also probing fatal Tesla crash
      586 22 NYT Detroit A SECOND federal agency is investigating a fatal May 7 crash in Florida involving a Tesla car operating in Autopilot mode that failed to stop when a tractor-trailer turned in front of it. The National Transportation Safety Board (NTSB), which
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      Lock icon AirAsia eyeing HK listing as it expands in North Asia
      692 22 Sources also say budget carrier seeking joint venture in China to capture traffic from second-tier cities REUTERS Farnborough, England AIRASIA is studying a dual listing in Hong Kong, part of a plan to become a pan-Asian low-cost airline player as
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      Lock icon Boeing lifts 20-year forecast for new aircraft
      841 22 REUTERS BLOOMBERG Farnborough, England THE world’s airlines will need 39,620 new aircraft worth US$5.9 trillion over the next 20 years, US planemaker Boeing forecast on Monday, up 4.1 per cent on its estimate last year. This will be driven largely by the growth
      REUTERS; BLOOMBERG; PHOTO: AFP  -  841 words
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      51 22 HOT PROPERTY SELLING 3.45% ROI! 3.5sty shophse Pagoda St. High foot fall. Approx 1300/ 3800 sf. Rent to respectable F&B operator. TG PAGAR PLAZA blk 7 559 sf, good frontage, near MRT/ amenities. $1.35M neg. SHOP SPACES FOR SALE! Check out these properties and more in The Straits Times Classified
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      21 22 bird’s Eye view OF TENDERJOBS Check out the most comprehensive collection of tender notices in The Straits Times Notices. 14/myj jun
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  • OPINION
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      Lock icon Post-Brexit uncertainties cloud benefits of cheaper pound
      615 24 EDITORIAL ONE of the arguments made by some proponents of Brexit in the run-up to the British referendum on European Union (EU) membership was that a “Leave” vote would lead to a depreciation of the pound sterling. These Brexiters got their wish immediately
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      Lock icon China holds the cards if talks with Manila come to pass
      820 24  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1. EVEN before the Permanent Court of Arbitration in The Hague announced in late June that the arbitral tribunal
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      Lock icon Managing the world’s liquid asset – water
      1399 24  - Managing the world’s liquid asset water Change in culture and mindset about water use in private and public sectors needed to tackle world’s water problems. BY ASIT K BISWAS, CECILIA TORTAJADA AND GIOVANNA CHANDLER problems.BY ASIT K BISWAS, CECILIA TORTAJADA, GIOVANNA CHANDLER T The writers are respectively distinguished visiting professor
      PHOTO: AFP  -  1,399 words
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      Lock icon Water sustainability issue an opportunity for EU-Asian collaborations
      655 25  -  COMMENTARY By Michael Pulch T The writer is the Ambassador of the European Union to Singapore. THE United Nations projects that by 2025, half of the countries worldwide will face severe water stress or outright shortages. Several of these countries are in
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      Lock icon SGX draws from all international markets including China for listings
      389 25  -  LETTER TO THE EDITOR Chew Sutat Head of equities fixed income Singapore Exchange WE refer to “Good that S’pore Exchange has accepted its lot in life” (BT, July 7). The story captured SGX’s strategy to play to its sector strengths,
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      Lock icon As engines of growth, cities need to be made more resilient to natural hazards
      808 25  -  COMMENTARY By Vinod Thomas T The writer is director general of independent evaluation at the Asian Development Bank and a former senior vice-president at the World Bank. TODAY more people live in cities than in the
      808 words
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      Lock icon China shouldn’t see Jakarta’s friendship as sign of weakness
      993 25  -  However, differences between them are unlikely to escalate to the point where the overall bilateral structure will be affected. BY DERWIN PEREIRA BY DERWIN PEREIRA T The writer heads Pereira International, a Singapore-based political consultancy. He is also a member of
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      907 26 THE BUSINESS TIMES V’-a-'V 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
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  • LIFE & CULTURE
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      Lock icon Defiant Portugal gatecrash French party in style
      799 27  -  COMMENTARY: EURO 2016 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT PORTUGAL lost their captain at a time when they needed him the most, but the rest of the team never lost their composure and confidence on the most dramatic of nights in aris. Long saddled
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      Lock icon Global push to make Mediterranean diet sexy again
      748 27 AFP Milan IT may be on the Unesco heritage list, but global experts warn the Mediterranean diet, prized for its health benefits, is losing so much ground to the fast food culture that the decline may be irreversible. Rich in vegetables, fruits,
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    • Article
      Lock icon Exercising for fitness and corporate success
      803 27  -  By Jason Kelly T Jason Kelly is the author of Sweat Equity: inside the New Economy of Mind and Body. BLOOMBERG New York AT 6am sharp, Strauss Zelnick’s posse assembles at a building on an anonymous block in Midtown Manhattan. It’s late May, and
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  • Page 27 Miscellaneous
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      304 27 CRYPTIC CROSSWORD Across 1 Songs of Praise requires additional contribution by charity (6) 4 High-class fur fit for purpose (6) 8 Sort of country inn with something left outside (8) 10 Tool works without resistance (6) 11 That girl retaining old trainer perhaps (4) 12 Talk with woman, the lady
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  • SME
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      Lock icon Riding the pull of digital advertising
      1558 28  -  Adknowledge Asia enables advertisers to get their products in front of the right audience at the right time via digital ad space. BY RACHEL MUI @RachelMuiBT rachmui@sph.com.sg EVER notice that the pair of shoes you were eyeing online seems to magically pop up as
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      Lock icon The growth challenges facing Singapore’s SMEs
      951 28  -  By Sabby Gill T The author is executive vice-president, international, Epicor Software Corporation FOR all of our collaborative technologies, businesses today remain worlds apart when it comes to the topic of growth and how to deal with the challenges that it brings. Some company
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  • THE BUSINESS TIMES SWISS STATE VISIT
    • Article, Illustration
      Lock icon Taking bilateral ties to a new high
      1749 1  -  The already strong bilateral relations between Singapore and Switzerland will be elevated to a new, higher level as Johann N Schneider-Ammann (left), President of the Swiss Confederation, makes the first-ever Swiss state visit to the Republic. He brings with him a top-level business
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      Lock icon A welcome message
      419 2  -  Thomas Kupfer Ambassador of Switzerland “TODAY is a special day for Switzerland in Singapore as Swiss Confederation President Johann N Schneider-Am-mann makes the first Swiss state visit to the Republic of Singapore. It is my pleasure to extend a warm welcome to President Schneider-Ammann and to the
      419 words
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      Lock icon EDB working with more Swiss firms who want to come here
      1358 4  -  Agency’s MD Yeoh Keat Chuan explains why the Republic is an attractive partner for companies from Switzerland that are looking to access the growing Asian markets. BY NARENDRA AGGARWAL markets.BY NARENDRA AGGARWAL THE Singapore government’s investment promotion agency, the
      1,358 words
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      Lock icon SBF encourages S’pore businesses to explore Swiss opportunities
      905 6  -  The two countries share similar policy perspectives and economic attributes which make them complementary partners, says business chamber’s CEO. says BY NARENDRA AGGARWAL SINGAPORE’S apex business chamber, the Singapore Business Federation (SBF), is encouraging companies here to go to Switzerland for exploring
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      Lock icon Swiss business association keen to play a bigger role
      1332 6  -  By Narendra Aggarwal AS both Singapore and Switzerland place great value on human capital and local talent, developing them further offers an avenue for fruitful mutual cooperation, says Tom Ludescher, president of the Swiss Business Association (SB in Singapore. “The average
      1,332 words
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      Lock icon Swiss vocational education works on a strong public-private partnership
      1487 8  -  The well-known system, which offers a key role for the private sector, aims at transmitting skills and competencies to young people in a most effective and efficient way. BY NARENDRA AGGARWAL way.BY NARENDRA AGGARWAL AMONG the many things that Switzerland is
      1,487 words
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      Lock icon Singapore can learn from Swiss system: ITE chief
      1478 8  -  By Narendra Aggarwal SKILLED professionals in Switzerland are very often more valued than academic graduates from the country’s traditional universities. And if you are a master craftsman, you are very well-respected and paid, says the head of Singapore’s Institute of Technical Education
      1,478 words
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      Lock icon Business forum on SkillsFuture
      256 8  -  By Narendra Aggarwal “SKILLSFUTURE Developing a future ready workforce” is the theme of a Swit-zerland-Singapore business forum being organised at Shangri-La Hotel on Tuesday in conjunction with the state visit of President of the Swiss Confederation Johann N Schneider-Ammann to Singapore. He will give a keynote
      256 words
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      Lock icon Making cities more liveable and resilient
      1426 9  -  Singapore and Switzerland are cooperating on a project called the Singapore-ETH Centre, which offers opportunities for research in urban planning. BY NARENDRA AGGARWAL planning.BY NARENDRA AGGARWAL IN the area of science, Singapore and Switzerland are collaborating on an interesting project with over 100 researchers
      1,426 words
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      Lock icon A masterpiece of engineering excellence – and a new attraction
      1227 10  - A masterpiece of engineering excellence and a new attraction The opening of the Gotthard Base Tunnel, the longest train tunnel in the world, brings Switzerland’s neighbouring countries, regions and cities north and south of the Alps mountains closer together. BY NARENDRA AGGARWAL together.BY NARENDRA AGGARWAL SWITZERLAND has just opened the
      1,227 words
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      Lock icon Travelling by public transport in Switzerland is a tourist’s delight
      1877 12  -  The Swiss Travel System is the key to trouble-free journeys by train, bus, boat and mountain railway to every corner of the country. BY NARENDRA AGGARWAL BY NARENDRA AGGARWAL WITH its 26,000 captivating kilometres of train, bus and boat routes,
      1,877 words
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      Lock icon Tapping Industry 4.0 for SMEs’ business growth
      1396 13  -  Switzerland Global Enterprise says the fourth industrial revolution will be a huge boon for firms which fully understand what it means for how they do business. BY NARENDRA AGGARWAL BY NARENDRA AGGARWAL AS a centre of excellence for internationalisation, Switzerland Global Enterprise (S-GE)
      1,396 words
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      189 1 For e-version, go to www.sphcountryspecial.sg u a feijini iia UUUUJJM^JHLUI ill!*! I ll'lli -••luuii 1 !ii iiiijj'iniM ir111 m Ml li ills 55 i mu >v 1!f! W: -U :Ei =i T iff I m\ m S BIAS f3ri 1 iimi 5 irPigllPMpliii wsiteiii.1 Or--. -g-’' 3^ -rs— *;dgg I
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      38 1 inside EDB working with more Swiss firms 4 SBF and S’pore businesses in Switzerland 6 A unique vocational education system 8 Making cities more liveable 9 A masterpiece of engineering excellence 10 Tourism and travel in Switzerland 12
      38 words
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      229 2 Nestlé warmly welcomes the Swiss President to Singapore We are delighted to welcome Mr Johann Schneider-Ammann, The President of the Swiss Confederation, to Singapore. As a Swiss company celebrating its 150th anniversary globally this year, we are proud to have called Singapore home since 1912. Our longstanding roots in Singapore
      229 words
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      58 3 THE DAY-DATE 40 The international symbol of performance and success, reinterpreted with a modernised design and a new-generation mechanical movement. It doesn’t just tell time. It tells history. N y m ifi L 28 OYSTER PERPETUAL DAY-DATE 40 f ROLEX THE ROLEX CENTRE. ORCHARD ROAD SINGAPORE. TEL! 6830 5100 FAX:
      58 words
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      89 4 Converting strength into achievement A Swiss private bank unlike any other. A record of dynamic growth. Built on giving clients the service they expect and deserve. facebook.com/EFGInternational Proud sponsors of Ueli Steck Photo by Robert Bösch EFG is the marketing name for EFG International and its subsidiaries. Singapore: EFG Bank,
      89 words
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      43 5 I 1 0* I ALWAYS WANT Mk& sujatch’ the©@eyes One Raffles Place orchardgateway Bugis Junction Takashimaya The Shoppes At Marina Bay Sands Ion Orchard Junction 8 Suntec City Raffles City JEM Tampines Mall Jurong Point Plaza Singapura NEX Swatch Boutique Locator on www.swatch.com
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      303 6 We are proud to mark the first Swiss state visit to Singapore A very warm welcome to the President of the Swiss Confederation, Johann Schneider-Ammann More than 100 years ago in Switzerland, our company’s founder Fritz Hoffmann turned a pioneering idea into reality: namely that a partnership between business and
      303 words
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      170 7 iH i ft 1 jTf S'* jf: ,g, "< 0% i M wi Your aspirations M @sw r LI ,Z ffifi Hit _> \v **5*1**Our global insights •US j Mt f m i? 4 «p s s^ A better brighter future t V mmajm immmmmm £_L ffff PIl ill 9
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      94 9 i*k. r t r r r i i <i > r PANORAMIC VIEWS FINESTSwISS pw 1 INSPIRING VIEWS SWISS HOSPITALITY EXPERIENCE AT SWISSOTEL THE STAMFORD Offering a wide range of amenities from a luxurious range of 1,261 guestrooms and suites, 15 restaurants and bars including Equinox Complex, Singapore's most exciting
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      59 9 Julius Bar YOUR PRIVATE BANK > t..-; Ipt* ti^llliiSSSll FIRST MOVERS WILL ALWAYS CHANGE THE WORLD. BUT WHICH ONE? Discover our approach atjuliusbaer.com/visionary-thinking Julius Baer is the leading Swiss private banking group and present in sorne i-, 50 locations worldwide. From Dubai, Frankfurt, Geneva,"Guernsey, Hong Kong, London, Lug Monaco, Montevideo,
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      42 10 Givaudan Welcomes The President of the Swiss Confederation Johann Schneider-Ammann on his first State Visit to Singapore Creating moments of delight. Supporting our customers to delight and touch their consumers' emotions through engaging flavour and fragrance experiences. www.givaudan.com Givaudan engage your senses
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      1745 11 World’s Longest Rail Tunnel: A Mammoth Project For Constructors And Insurers Switzerland celebrates the success of this project on 1 June 2016 the date which marked the official opening of the 57-kilometre Gotthard Base Tunnel. Insurance for this extremely large and complex construction project has been provided by a consortium,
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      272 13 PSiDEO is an outsourced IT department for organizations leveraging technology to perform in business. With Adaptive Outsourcing, fully managed NGIT (Next Generation IT) service models and NGIT Accelerators offering, PSiDEO is a strategic outsourcing partner of choice for organizations wanting to optimize what technology can bring to their business and
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      98 14 Credit Suisse For over 40 years, Singapore has remained one of our favorite centers. Ever since Credit Suisse established our presence in Singapore in the early seventies, our commitment to the country has remained strong. We are therefore pleased to celebrate the first ever state visit to Singapore by Swiss
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