The Business Times, 16 July 2016

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Microfilm: NL33909
Total Pages: 40
1 32 The Business Times
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      68 1 BT LivingTHE BUSINESS TIMES WEEKEND JULY 16 -17 2016 DINING The Japan syndrome L6-7 THE PICTURE OF HEALTH Whether you want to get moving or eat clean, BT Weekend lays out the options du jour L2-5 TRAVEL Eco-tourism, Zegna style L10-11 GADGETS Music to your ears L12 TRAVEL Slow boat
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon THE PICTURE OF HEALTH
        3331 2 / 3  -  The first half of 2016 may be over, but it’s still not too late to get back on the wellness track. Whether you want to get moving or eat clean, BT Weekend lays out the options du jour. By Tay Suan Chiang taysc@sph.com.sg@TaySuanChiangBT By May Yip
        MOMENTUM LAB PHOTOS: YEN MENG JIIN  -  3,331 words
    • DINING
      • Article, Illustration
        Lock icon THE JAPAN SYNDROME
        1630 6 / 7  -  Here, a ramen bar. There, a ‘secret’ ramen bar. And across the road, izakayas, sushi joints, and specialist grocers. Pockets of Japan are everywhere in Singapore. Too much of a good thing, or the more the merrier? By Rachel Loi, Avanti Nim @RachelLoiBT rachloi@sph.com.sg avantin@sph.com.sg YOU’VE heard
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    • TRAVEL
      • Article, Illustration
        Lock icon Slow boat back to nature
        1088 8 / 9  -  Journey on a palatial floating hotel to leisurely explore the flora and fauna of far-flung Indonesian islands. By Daven Wu THERE was a time, not so long ago, when it was possible to believe that, when it came to hotels, you’d seen it all. Big
        PHOTOS: DAVEN WU  -  1,088 words
      • Article, Illustration
        Lock icon Eco-tourism, Zegna style
        1431 10 / 11  -  The Italian menswear label sets aside 5 per cent of its profits each year for the philanthropic Fondazione Zegna to work on environmental conservation projects. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT SO we were going to climb a mountain. To the top of a cliff.
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    • GADGETS
      • Article, Illustration
        Lock icon Music to your ears
        612 12  -  Onkyo delivers its first portable music player. By Sherwin Loh By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Onkyo DP-X1 Price: $999 Specifications: Dual Sabre DACs and amps, Standard Balanced and Active Control Ground (ACG) modes, 2.5mm 4-pole and 3.5mm 3-pole output, physical buttons for quick music control, storage
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      • Article, Illustration
        Lock icon A solid upgrade
        609 12  -  Nikon puts out a top notch performer in the D500, and about time too. By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Nikon D500 Price: Nikon D500 (body only) S$2,999 16-80mm VR kit S$3,999 IT has been a while, but Nikon has finally launched a new APS-C DSLR to replace
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    • FASHION
      • Article, Illustration
        Lock icon Alexa Chung Britain’s Tory Burch?
        920 13 Fashion It Girl announces this week that she is starting her own clothing brand NYT New York WHEN Alexa Chung the 32-year-old English It Girl/television host/Madewell collaborator/British Vogue contributing editor known for combining loafers with tiny tea dresses, and high-waisted denim shorts with tailored jackets
        NYT  -  920 words
    • MOTORING
      • Article, Illustration
        Lock icon Jaguar’s Pace-setter
        536 14  -  The Jaguar F-Pace with a 2.0 turbodiesel is frugal yet fun to drive. By Samuel Ee samuelee@sph.com.sg RARE is the entry-level model that can excite a prospective buyer more than a high-er-end variant but the Jaguar F-Pace 2.0 diesel AWD is one of them. The British marque launches
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      • Article, Illustration
        Lock icon Polestar power
        399 14  -  The performance of a Volvo can be optimised with Polestar tuning. By Samuel Ee samuelee@sph.com.sg POLESTAR might sound like the winner of a pole-dancing competition but it is Volvo’s performance division which turns an ordinary Volvo into something more exciting. One example is the Volvo V60 T5 with
        399 words
      • Article, Illustration
        Lock icon A FIRST 4 THE 7
        661 15  -  The BMW 730i limousine now comes with a two-litre, four-cylinder engine. By Samuel Ee samuelee@sph.com.sg THERE is always a first time for everything and in this case, it happens to be two litres and four cylinders for the BMW 7 Series. Before this, the smallest
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    • bt corporate golf league 2016
      • Article, Illustration
        Lock icon Edge Golf on top after round 2
        843 16  -  The Crane Boomers and Team Boustead match highest score of the round at 109. By Justine Moss By Justine Moss AFTER the second round of this year’s Business Times Corporate Golf League, which was played out on Raffles Country Club’s Lake Course this
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  • TOP STORIES
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      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Living L2-5 Dining L6-7 Travel L8-11 Gadgets L12 Fashion L13 Motoring L14-15 Sports
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,925.35 (+18.43) GSTI FUTURES 2,920.00 (+18.00) GSIMSCI 325.98 (+2.46) HSIMSCI FUTURES 325.10 (-1.50) STOCKS Friday Change KL COMP 1,668.40 +13.62 NIKKEI 225 16,497.85 +111.96 HANG SENG 21,659.25 +98.19 SET 1,492.00 +3.31 JAKARTA 5,110.18 +26.64 MANILA 8,030.06 +73.92 KOSPI 2,017.26 +8.49 SHENZHEN B 1,136.21 +3.81 MUMBAI 27,836.50 -105.61 11.45
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    • Article, Illustration
      Lock icon Motor sales power May’s retail sales growth to 3%
      634 2  -  With motor vehicles stripped out, retail sales slump 3.3%; economists unsurprised By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore SINGAPORE retail sales for the month of May rose 3 per cent from a year ago, said the Department of Statistics (DOS) on Friday.
      PHOTO: REUTERS  -  634 words
    • Article, Illustration
      Lock icon Hardware issue behind shutdown at SGX
      898 3  -  Reconciling the large number of positions stalls reopening; MAS orders thorough probe By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A hardware issue triggered Thursday’s shutdown of the Singapore stock market, and the need to reconcile an unexpectedly large number of positions delayed attempts to reopen
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    • Article, Illustration
      Lock icon SGX’s latest system glitch: tame reaction a real worry
      618 3  -  COMMENTARY R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE most worrying aspect of Thursday’s stockmarket disruption is not that it lasted for as long as it did but that it was met with a relatively tame and subdued response from the investing
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    • Article
      Lock icon Good response for urbanisation forum
      1025 4  -  Three-in-one mega event professionally organised, forward-looking: participants By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore sandrea@sph.com.sg @AndreaSohBT yrenald@sph.com.sg THE three-in-one mega urbanisation forum which ended on Thursday met with good response from exhibitors, sponsors, mayors and delegates, who praised the event for being professionally organised, for-ward-looking and
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    • Article, Illustration
      Lock icon Truck ploughs into crowd celebrating Bastille Day, kills 84
      593 4 Reuters Nice, France AN ATTACKER at the wheel of a heavy truck ploughed into crowds celebrating Bastille Day in the French city of Nice, killing at least 84 people and injuring scores more in what President Francois Hollande called a terrorist
      Reuters; PHOTO: REUTERS  -  593 words
    • Article, Illustration
      Lock icon AirTrunk aims to move Apac firms to the cloud
      520 5  -  It is pumping S$2b to spread cloud computing in the region, plans to open more data centres By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE-based startup AirTrunk is putting in nearly S$2 billion in the next three to four years to help
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    • Article
      Lock icon Critical for CFOs to be strategic thinkers
      712 6  -  CFO’s role will evolve in digital world, get more analytical to use info for biz strategy By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore CHIEF financial officers need to be strategic thinkers and strategic partners to their CEOs now more than ever, as a rapidly
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    • Article, Illustration
      Lock icon Theresa May decisive, swift – while rocking leopard-print heels
      723 6  - Theresa May decisive, swift while rocking leopard-print heels SATURDAY SOAPBOX By Choo Yun Ting yuntingc@sph.com.sg Singapore BRITAIN’S new prime minister, Theresa May, has an extensive shoe collection that includes more than one pair of leopard-print heels, English tabloids happily announced earlier this week. I couldn’t care less. And judging from
      PHOTO: BLOOMBERG  -  723 words
    • Article
      Lock icon When your boss plays favourites
      1026 7  -  No manager will admit to it but it is definitely felt and observed by everyone else in the company CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore WHEN we were growing up, I recall one time when my younger sister innocently asked my parents who
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      Lock icon CEOs appointed for two new statutory boards
      355 7  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government on Friday announced the appointments of the two men who will lead two new statutory boards SkillsFuture Singapore (SSG) and Workforce Singapore (WSG) when these organisations are established later this year. Ng Cher Pong, the
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      192 5 NOTICE OF RESULT OF MEETING OTTO MARINE SERVICES PTE. LTD. (UEN/Company Registration No.: *****5659N) (Incorporated in the Republic of Singapore) NOTICE TO HOLDERS (THE “NOTEHOLDERS”) OF THE OUTSTANDING S$70,000,000 7.00 PER CENT. FIXED RATE NOTES DUE 2016 COMPRISED IN SERIES 002 (ISIN: SG6SC*****01) (THE “NOTES”) of Otto Marine Services Pte.
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Managing mojo
      2187 8 / 9  -  Marshall Goldsmith, acclaimed leadership coach to corporate stars, remains passionate about his mission, 40 years on. By Vivien Shiao By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT ‘WANT to know my retirement date? It’s been set,” author and leadership coach Marshall Goldsmith tells me, with a twinkle in his eye. I
      PHOTO: ARTHUR LEE  -  2,187 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon SPH Q3 profit falls 46.4% on impairments in magazines
      480 10  -  Group sees ‘difficult’ operating environment ahead By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Press Holdings’ (SPH) net profit fell 46.4 per cent to S$52.7 million, or three Singapore cents per share, for its fiscal third quarter after the group made significant
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    • Article
      Lock icon SMRT to pay off part of debt from asset sale cash
      532 10  -  By Samuel Ee samuelee@sph.com.sg Singapore SMRT Corp does not intend to use the estimated S$991 million from the asset sale to the government to pay any special dividend to shareholders but will instead pay off part of its debt.
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    • Article
      Lock icon Katrina Group offers 35.8m placement shares in IPO priced at 21¢
      471 10  -  By J Lossini jlossini@sph.com.sg Singapore SINGAPORE-based Katrina Group Ltd joined the growing list of food-and-beverage companies on the Singapore Exchange (SGX) on Friday by debuting on the Catalist board with 35.8 million new placement shares and an initial public
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      Lock icon STI up 78 points for the week, buoyed by Wall St
      551 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent SINGAPORE Exchange’s system breakdown on Thursday will surely dominate headlines and be the subject of conversation among industry players, but more important is that Wall Street’s S&P 500 index has set four
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    • Article
      Lock icon FCT declares 3.04 cents for Q3 DPU
      563 11  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NOTWITHSTANDING a decline in revenue amid headwinds in the retail sector, Frasers Centrepoint Trust (FCT) still declared a distribution per unit (DPU) of 3.04 Singapore cents for the third quarter ended June 30, 0.1 per cent higher
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    • Article
      Lock icon GAINERS
      75 11 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 469.0 1.6 *****/***** Lyxor ThaiSET US$ ***** 396.4 2.5 *****/9646 JMH USD 5844 110.2 1.4 6103/4500 DBXT MSEurope US$ 5318 75.3 1.1 6064/4770 DBXT MSAsExJp US$ 3362 68.5 1.5 3603/2772 BY PERCENTAGE CLOSE UP 52w high/low InnoPac 0.2 100.0
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    • Article
      Lock icon LOSERS
      74 11 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 3588 -91.0 -2.5 4520/2636 GLD US$ ***** -83.3 -0.5 *****/***** DBXT Vietnam US$ 2481 -69.9 -2.1 2786/2017 Green Build 10.5 -21.5 -67.2 47.5/10.5 Hyflux 6% CPS ***** -10.0 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Green Build 10.5 -67.2 -21.5
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    • Article
      Lock icon MOST ACTIVE
      36 11 VOLUME Noble R 341,777,600 Annica 330,600,000 Noble 211,302,900 Ezion R 151,559,200 Resources Prima 67,654,900 Market volume 2,414,182,000 VALUE Singtel 148,868,965 DBS Grp 108,150,062 OCBC Bank 54,283,355 UOB 53,942,087 Global Logistic 48,125,900 Market value 1,406,409,000
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    • Article
      Lock icon STI STOCKS
      306 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 +1 246/243 253 209 6.3 6435.1 CapitaCom Trust 157 +3 157/155 157 122.5 5.5 4641.4 CapitaLand 309 +4 309/305 350 267 12.4 2.9 *****.4 CapitaMall Trust 216 -1 219/215 225 184.5
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    • Article
      Lock icon SGX ETFs Most Active
      106 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 296 +1 635 298/296 343/254 296/297 Lyxor Taiwan US111.8 326 -/-111.8/90 -/-26.6 IS MS INDIA US$ US715 -2 171 725/715 780/575 715/718 89.4 DBXT MSRussia US$ US207 +3 160 207/203 207/129 206/207 ABF SG
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      796 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Aspial Corp 13-Jul-16 Koh Wee Seng Buy 300 0.27 *****1 18.81 *****1 18.83 Fragrance Grp 13-Jul-16 Koh
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 3 0 1 0 9 3 3 Manufacturing 39 54 23 8 14 10 47 68 33 Commerce 21 24 13 1 5 7 22 29 20 Tpt/Stor/Comms 14 10 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,554 206 22,760 78,968 39 79,007 Manufacturing 112,854 362,960 475,814 126,289 2,030 128,318 Commerce 582,495 40,760 623,255 125,523 465 125,988 Tpt/Stor/Comms 158,392 6,903 165,295 317,307 704 318,012 Finance 47,688 839 48,527 237,247 128 237,375 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jul 15 VALUE CLOSE BT OB/OS 143.00 -68.00 BT CADI -*****.00 +21.00 BT 10-day MA -*****.00 +15.00 FTSE ST Mid Cap 690.96 +1.65 FTSE ST Small Cap 392.37 -0.33 FTSE ST All Share 711.02 +3.80 FTSE ST China Top 162.70 +0.95 FTSE ST China 191.26 +0.76 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE Ley Choon 455.2 0.030 +0.010 +50.00 Green Build 10.0 0.105 -0.215 -67.19 MMP Resources 45,410.7 0.003 +0.001 +50.00 CFM 15.0 0.035 +0.008 +29.63 BlackGoldNatural 704.8 0.024 -0.011 -31.43 Lion Asiapac 127.8 0.275 +0.025 +10.00 Nippecraft 121.9 0.032 +0.006 +23.08 China Haida 60.0 0.013 -0.009 -40.91
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jul-14 Price Net change change Last Trade Agricultural Jul-14 CBOT Soybeans (US cents/bu) 1111.50 -16.50 -1.46% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.12 0.47 1.53% 14/07/2016 CBOT Wheat (US cents/bu) 421.75 -4.50 -1.06% 14/07/2016 Jul-14 LIFFE Cocoa (£/tonne) 2522.00 -55.00 -2.13% 14/07/2016 LIFFE Coffee (US$/tonne) 1836.00 26.00 1.44%
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    • Article
      Lock icon PALM OIL
      53 13 Jul 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 16 2298.0 565 Aug 16 2249.0 2300.0 2320.0 2249.0 1562 ***** Sep 16 2226.0 2278.0 2299.0 2224.0 ***** ***** Oct 16 2217.0 2261.0 2280.0 2212.0 ***** *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Jul 15 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 99.31 99.28 5-Year NX*****X 2.250 01-Jun-21 104.4 104.50 104.15 10-Year NX*****F 2.125 01-Jun-26 103.53 103.60 103.15 15-Year NZ*****F 2.875 01-Sep-30 110.22 110.25 110.00 20-Year NZ*****V 3.375 01-Sep-33 117.82
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jul 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0271 1.0283 0.7644 0.7649 Canadian dollar 1.0415 1.0425 0.7754 0.7751 Euro 1.4965 1.4975 1.1137 1.1139 NZ dollar 0.9644 0.9653 0.7177 0.7180 Sterling pound 1.7971 1.7988 1.3374 1.3380
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      Lock icon STOCK MARKETS
      118 13 Straits Times Index Source: Bloomberg YTD change: +1.48% 52-week high: 3,373.48 on July 20,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -1.16% 52-week high: 25,536.43 on July 21,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite
      Source: Bloomberg  -  118 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 13 Most active Jul 15 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left OCBC Bk MBeCW*****4 8.1 0.3 5669 0.1 820 3 DBS MB eCW*****1 9.3 0.6 3768 0.1 1620 3 STI 2800 MB eCW*****1 8.8 0.1 3700 0.0 3
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Jul 14 Index Change Change Change Change Change Change World Preliminary 1293.9 0.5 1.3 0.2 -3.1 0.5 2.5 EAFE Preliminary 953.9 0.6 -5.9 0.1 -8.8 0.5 -3.6 Europe Preliminary 1365.9 0.5 -3.3
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    • Article
      Lock icon M1 Q2 net profit, revenue down on lower handset sales
      538 14  -  Telco projects ‘single-digit decline’ in net profit after tax for 2016 By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore M1 the first of the three telcos to announce second-quarter (Q2 FY2016) earnings on Friday posted a net profit of S$41 million for
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    • Article
      Lock icon SGX raps YuuZoo on highlighting ‘most optimistic valuation’ in report via SGXNet
      247 14  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Singapore Exchange (SGX) took YuuZoo Corporation to task on Friday over the use of a press release highlighting “the most optimistic valuation” of the company in a research report. SGX reprimanded
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    • Article
      Lock icon Ezra Holdings Q3 loss balloons to US$243m
      723 14  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore EZRA Holdings widened its Q3 net loss to US$242.87 million from US$3.01 million a year ago, dragged down by lower revenue and a one-time non-cash loss of the sale of interests in its subsea unit. Loss
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  • REAL ESTATE
    • Article, Illustration
      Lock icon New sales of private homes up 10% in H1
      927 15  -  However, developers’ sales in June were half May’s 1,058 units as new launches dried up amid the school holidays By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore DEVELOPERS’ new private home sales halved to 536 units in June from 1,058 units in May
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    • Article
      Lock icon Uncertainty is the only certainty for UK landlords post-Brexit
      222 15 Bloomberg London BRITISH landlords are unsure or concerned about the consequences of “Brexit” for the private rental sector, according to research consultancy BDRC Continental. In a post-referendum survey of landlords published on Friday, 40 per cent said they think the vote
      Bloomberg  -  222 words
    • Article
      Lock icon Househunt
      1283 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 1 AND JUNE 7, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED 8 Mt Sophia Apt 03/06/2016 103 1453 1980 1363 Cairnhill Nine Apt 06/06/2016 99 1044 2801
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Banks looking for friends from high places as advisers
      732 17 Over 30 top politicians and central bankers have joined Western banks, investment firms IFR London IT’S good to have friends from high places, and banks are luring former world leaders and past central bank chiefs as advisers to give them an
      IFR; PHOTO: BLOOMBERG  -  732 words
    • Article
      Lock icon Rich Asians turning more to private banks: survey
      411 17 Bloomberg Singapore MORE rich Asians are asking private banks to manage their wealth amid increasing volatility in financial markets, a new survey shows, in an encouraging sign to firms such as UBS Group and Credit Suisse Group that are expanding their businesses
      Bloomberg  -  411 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      448 17 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ROYALE DIRECT SALES PTE. LTD. CO. REG. NO. *****9881E (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General Meeting of members of Royale Direct Sales Pte. Ltd. convened and held at 25 Cabanatuan
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Germany’s energy transition faces obstacles
      757 18 Some hail the programme as a bright vision for a zero-carbon future, others slam it as a reckless gamble AFP Berlin GERMANY’S Energiewende, or energy transition, is its biggest infrastructure project of the postWorld War II era and its greatest national challenge since reunification in
      AFP; PHOTO: AFP  -  757 words
    • Article
      Lock icon China ‘may build nuclear plants’ in South China Sea: report
      474 18 AFP Beijing CHINA may build mobile nuclear power plants in the South China Sea, state media reported on Friday, days after an international tribunal dismissed Beijing’s vast claims in the strategically vital waters. “Marine nuclear power platform construction will be
      AFP  -  474 words
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  • TECHNOLOGY
    • Article
      Lock icon More e-commerce, cashless solutions for SMEs
      561 19  -  DBS Bank, Singtel launching resource packages as part of 2nd 99%SME campaign By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore AS PART of efforts to help SMEs enhance their e-commerce and cashless capabilities, DBS Bank and Singtel are launching a range of resource packages as part
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    • Article, Illustration
      Lock icon US regulators pave way for speedy next-gen 5G networks
      665 19 Reuters Washington US regulators on Thursday paved the way for a lightning-fast next generation of wireless services in a move that made the United States the first country to set aside an ample amount of airwaves for so-called 5G wireless applications
      Reuters; PHOTO: REUTERS  -  665 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Wine & whisky fair takes off at Suntec
      760 20  - Wine whisky fair takes off at Suntec It offers one-stop tasting, shopping and educational experience for all, from novices to connoisseurs By Tan Effie taneffie@sph.com.sg Singapore THERE is a wine and whisky fair going on in the heart of town and visitors can expect to find some new promising brands.
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    • Article, Illustration
      Lock icon ION Orchard ups its F&B game
      571 20  -  By Sue-Ann Tan suetan@sph.com.sg Singapore WITH so much food-and-bever-age competition, ION Orchard is ramping up its efforts by refurbishing its food court with new F&B options to make the mall a stronger dining destination. To satisfy the appetites of Singapore’s food lovers, the renovated
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China Q2 GDP strong but weakness ahead
      626 22  -  Economists warn that investment in the private sector has failed to keep up By btworld@sph.com.sg Virginie Mangin btworld@sph.com.sg Beijing CHINA’S economy grew faster than expected in the second quarter, propped up by a credit binge and a strong property market. Nonetheless, economists warn
      PHOTO: REUTERS  -  626 words
    • Article
      Lock icon Retail sales, consumer prices rise
      572 22 LATEST US DATA Reuters Washington US RETAIL sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, reinforcing views that economic growth picked up in the second quarter. Other data on Friday showed consumer prices increasing for
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      Lock icon Fed policymakers signal no rush to raise rates
      413 22 Reuters St Louis THREE Federal Reserve policymakers on Thursday expressed the view that there was no hurry to raise US interest rates in the wake of the UK decision to leave the European Union (EU), despite signs that the US economy is
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      Lock icon Malaysia’s new central bank governor leaves economists puzzled
      651 23 The timing of his move to cut interest rates catches many off-guard Bloomberg Kuala Lumpur AFTER years of monetary policy stability and clear signalling on interest-rate moves, Malaysia’s new central bank governor has left economists scratching their heads. Governor Muhammad Ibrahim’s move
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      Lock icon US, China clash over market economy status
      480 24 Spat at WTO sows the seeds for a trade battle between Washington and Beijing at the end of 2016 Reuters Geneva THE United States warned China on Thursday that it had not done enough to qualify for market economy status, especially in steel
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      Lock icon Japan may be on route for a ‘soft’ form of helicopter money
      663 24 Tokyo JAPANESE policymakers, who won’t go as far as funding government spending through direct debt monetisation, might pursue a mix of aggressive fiscal and monetary expansion to battle deflation, say sources familiar with the matter. In the past
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      Lock icon Russia to impose stiffer punishments on errant banks
      376 25 Bloomberg Moscow AFTER felling more than a quarter of its banks, Russia wants to make sure the survivors get more than a slap on the wrist for flouting the rules. As part of its campaign against money laundering, the Bank of Russia
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      Lock icon Graft-busters’ dinner plans touch a nerve in anxious Hong Kong
      494 25 Reports of staff ‘boycott’ of ICAC annual event and exits of two top officials raise questions Bloomberg Hong Kong HONG KONG’S anti-corruption agency that takes on tycoons and public officials is attracting scrutiny for an unlikely reason the postponement of
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      Lock icon Ireland woos financial institutions that may relocate over Brexit
      426 25 AFP Dublin IRELAND has gone on a charm offensive following Britain’s vote to leave the European Union (EU), hoping to woo London-based financial institutions despite fears Dublin is ill-equipped for an influx of high-flying executives. Martin Shanahan, head of inward investment
      AFP  -  426 words
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      372 23 SINGAPORE QUALIFIERS deal A really attractive presented by Report by DAVID LEE davidlee@sph.com.sg She didn’t need a second invitation to sign up for the SPH Golf Singapore qualifiers of the World Amateur Golf Championships, presented by Centurion. Human resource and admin manager Jean Chan, a stylish 10-handicapper in her 50s
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      47 25 HOT PROPERTY GCB @THIRD AVE, FH/ MRT. *****/8000sf Enjoy Nature. Quiet, Lush Greenery Pool VICTORIA PK VILLAS $3.xM. 4 rms 3650/ 3200 sqft. Nice gdn. Reno. Cosy. Near amenities. Serious seller. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • OPINION
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      Lock icon Saving the New American Century
      1108 26 / 27  -  The Republican neoconservative elite, alarmed by Donald Trump’s course, are backing the Democratic presidential candidate, Hillary Clinton. By Harish Mehta By Harish Mehta ~The writer is a historian who has taught at Canadian universities THE arrival of a New American Century may be derailed if
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      Lock icon Anxiety @ work – and the vital need to beat it
      1041 26 / 27  - Anxiety work and the vital need to beat it By Pratap Nambiar ~The writer is executive chairman of Thought Perfect Pte Ltd, a Singaporebased firm that provides coaching and mentoring services to CEOs MINNOWS Iceland beat mighty England at Euro 2016. Steven Gerrard, the erstwhile captain of the England football
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  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Negative-yield refugees turn to Asia
        835 28 / 29  -  Private banking arms of Deutsche Bank and Credit Suisse advise clients to buy investment-grade Asian corporate notes in Brexit’s aftermath. By By Lilian Karunungan and David Yong Bloomberg Singapore INVESTORS fleeing negative-yield-ing bonds as “Brexit” spoils the global economy’s outlook are turning to a region
        Bloomberg; PHOTO: REUTERS  -  835 words
      • BROKERS' TAKE
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          Lock icon Singapore Post Sell
          232 28 / 29 Maybank Kim Eng Research July 15 Close: S$1.515 Target price: S$1.29 WE attended SingPost’s annual general meeting on Thursday where new chairman Simon Israel gave his candid take on the state and future direction of SingPost. Although corporate governance issues appear to have subsided, key matters including
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          Lock icon China Everbright Water Add
          163 28 / 29 CIMB Research July 14 July 15 close: S$0.655 Target price: S$0.81 CHINA Everbright Water Limited (CEWL) recently announced its acquisition of Ju County Shudong wastewater treatment project in Rizhao City, Shandong province, China. This is the company’s second project win in Ju County, following the win
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          Lock icon Regal International Group Overweight
          200 28 / 29  -  Compiled by Cai Haoxiang NRA Capital Research July 14 July 15 close: S$0.126 Target price: S$0.35 BASED on a revised net asset value of RM319.6 million and applying a discount of 34.6 per cent, we estimate that Regal is potentially worth S$0.35 per share. Hence, the
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        Lock icon Managers struggle as usual tools lose value
        817 30 Stock selection based on normally bullish harbingers such as buybacks, takeovers didn’t work in the first half of 2016 Bloomberg New York ONCE-RELIABLE tools for active managers are being sapped of their potency by an ageing bull market, sending mutual funds to some
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  • LIFE & CULTURE
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      Lock icon Game of Thrones leads Emmy nominations
      794 31 HBO’s fantasy epic gets the nod for 23 categories, one less than last year; Netflix, Amazon continue to make inroads NYT Los Angeles IT WILL feel like a familiar affair at the 68th Primetime Emmy Awards, with Game of Thrones, Modern Family and Julia
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      299 31 CRYPTIC CROSSWORD Across 1 Senior detectives excuse certain offence (11) 10 Crown’s upset about London leader in foreign city (5) 11 Crew leader sat in bow disturbed surrounding area (9) 12 A refined man accepts mere tailored fitting (9) 13 Initially insect metamorphosed and got out (5) 14 Delayed housing
      299 words
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      109 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
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