The Business Times, 23 July 2016

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Total Pages: 40
1 32 The Business Times
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      64 1 BT LivingTHE BUSINESS TIMES WEEKEND JULY 23 24, 2016 STYLE Budget bling L6-7 DESIGN Singapore Garden Festival highlights L8-9 WHAT NEXT? Industry players shed light on what is the new normal after Michelin L2-5 TRAVEL Magic amid Mayan ruins L10-11 PHOTO: JOHN HENG HEALTH Best test for heart health L13
      64 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon NEW NORMAL AFTER MICHELIN
        2957 2 / 3  -  The stars have been given out, the champagne drunk and shoulder-clapping done. As the Michelin stardust settles, what now? BTWeekend talks to industry players about how Singapore’s dining scene is turning a new page. By Jaime Ee, Rachel Loi and Avanti Nim By Jaime Ee, Rachel
        EVENT PHOTOS: JOHN HENG  -  2,957 words
    • STYLE
      • Article, Illustration
        Lock icon BUDGET BLING
        1020 6 / 7  -  First came art. Now, jewellery events here are taking the affordable route, offering a wider range of democratically priced pieces to tempt shoppers. By May Yip By May Yip JEWELLERY is generally considered one of life’s most indulgent luxuries, but it doesn’t mean that one needs to dial
        1,020 words
    • DESIGN
      • Article, Illustration
        Lock icon URBAN EDENS
        979 8 / 9  -  With more than 70 gardens and flower displays, visitors to this year’s Singapore Garden Festival are in for a treat. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT REGARDLESS of whether you are an avid gardener, or just someone who likes flowers, you are in for
        PHOTOS BY: YEN MENG JIIN  -  979 words
    • TRAVEL
      • Article, Illustration
        Lock icon Magic amid Mayan ruins
        1158 10 / 11  -  Visitors will be awed by one of the new Seven Wonders of the World, Chichen Itza, as well as other dazzling attractions in the Yucatan Peninsula. By Geoffrey Eu By Geoffrey Eu BECAL, a tiny blip of a place in south-eastern Mexico’s Campeche State, doesn’t have
        PHOTOS: GEOFFREY EU  -  1,158 words
    • STYLE
      • Article, Illustration
        Lock icon Get a leather scent to match your LV bag
        896 12  -  Louis Vuitton will soon launch a range of perfumes it developed itself, controlling everything from flower to bottle. By Andrew Roberts By Andrew Roberts Bloomberg Paris AFTER years of persuading well-heeled shoppers to carry monogrammed luggage and wear luxury clothing, Louis
        Bloomberg; PHOTO: REUTERS  -  896 words
    • HEALTH
      • Article, Illustration
        Lock icon Pick the best test for heart health
        1752 13  -  Although ECG remains the most common form of testing, there are viable options available Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese
        PHOTO: THE HARLEY STREET HEART & CANCER CENTRE  -  1,752 words
    • MOTORING
      • Article, Illustration
        Lock icon Rent a supercar from S$888 a day
        288 14  -  Motorway’s daily, weekly and monthly leasing puts dream cars within almost everyone’s reach. By Samuel Ee samuelee@sph.com.sg TO anyone who has been yearning to drive a supercar but baulked at the cost, yearn no more Michael Lim can fulfil that dream. At least
        PHOTO: AIDAN LOO  -  288 words
      • Article, Illustration
        Lock icon Shooting star
        539 14  -  The CLA Shooting Brake by the brand with the three-pointed star has very special styling. By Samuel Ee By Samuel Ee samuelee@sph.com.sg “SMALL is beautiful” may be a concept more commonly applied to economics or politics, but the phrase also comes to mind when admiring the styling of
        539 words
      • Article, Illustration
        Lock icon NO-HANDS PARKING
        600 15  -  BMW leads the charge with Remote Control Parking in its 7 Series. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THERE are bells and whistles and then there are mind-blow-ing bells and whistles. Most people will agree that the BMW 750Li has the latter variety. he top-of-the-range 7 Series
        600 words
      • Article, Illustration
        Lock icon 1 AND ONLY
        120 15  -  By Samuel Ee samuelee@sph.com.sg THIS is the new BMW 1 Series Sedan. But you won’t see this cool compact sedan here because it is only for the China market. BMW’s first compact sports sedan is exclusively creat- ed for Chinese customers, and the front-wheel-drive model will only
        120 words
    • SPORTS
      • Article, Illustration
        Lock icon Love of Hearts runs in this family
        977 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent SCOTT Wightman, the British High Commissioner to Singapore, was seven years old when his father brought him to Tynecastle Stadium in Edinburgh, Scotland, to watch his local football team, Heart of Midlothian, in action. The
        PHOTOS: REUTERS, ONG WEE JIN/ THE STRAITS TIMES; PHOTO: BRITISH HIGH COMMISSION, SINGAPORE  -  977 words
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      29 13 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/specials/shscc
      29 words
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www.b sinesstime .com.sg JULY 23-24, 2016 S$1.20| MCI (P) 040/08/2015
    14 words
  • Article
    Lock icon Trump pledges big changes
    30 1 REPUBLICAN NOMINEE DONALD Trump accepted the Republican nomination on Thursday, promising to end multilateral trade deals and limit US intervention in global crises as president. 3
    30 words
  • Article
    Lock icon Cheaper office, retail space
    35 1 SINGAPORE PROPERTY RENTALS and prices of office and retail space fell more steeply in the second quarter than in the first, according to data released by the URA on Friday. 4
    35 words
  • Article, Illustration
    Lock icon Q2 home prices show signs of bottoming out
    1132 1  -  A rebound in resale transactions may be supporting prices, analysts say, but market still has pockets of weakness By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore EARLY signs of a bottoming-out in the private residential market surfaced in official quarterly data on Friday, indicating
    Source: URA  -  1,132 words
  • Article
    Lock icon Grab, Lippo team up
    34 1 UPPING THE ANTE SINGAPORE-BASED ride-sharing app Grab made two announcements on Friday: a mobile-payments partnership with Lippo Group; and the extension of free rides on GrabHitch to Singapore users.| 6
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  • Article
    Lock icon Lagarde to stand trial
    36 1 UNDER A CLOUD FRANCE’S highest appeals court ruled on Friday that IMF head Christine Lagarde must stand trial for her role in a 2008 state payout to a French businessman. 7 L2-5
    36 words
  • Article, Illustration
    Lock icon Japan shifts to high-speed gear to pitch for S’pore-KL HSR
    741 1  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore JUST days after Singapore and Malaysia inked an MOU on a high speed rail linking the two countries, Japan is making rounds pitching to officials from both sides, adding that commercial operations can start
    Source: East Japan Railway Company  -  741 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      53 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 Dining L2-5 Style L6-7 Design L8-9 Travel L10-11 Style L12 Health L13 Motoring
      53 words
    • Article
      Lock icon S’pore, Chongqing firms look to US$1.6b deals
      398 2  -  They sign pacts on new collaborations among financial institutions, with DBS inking three strategic partnerships By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore TRANSACTIONS valued at more than US$1.6 billion are expected to come to fruition through 28 agreements signed on Friday between Singapore and
      398 words
    • Article
      Lock icon MARKETS
      136 2 GSTI 2,945.35 (+4.87) GSTI FUTURES 2,942.00 (+7.00) GSIMSCI 326.29 (+0.62) GSIMSCI FUTURES 325.70 (+0.20) STOCKS Friday Change KL COMP 1,657.42 -0.12 NIKKEI 225 16,627.25 -182.97 HANG SENG 21,964.27 -36.22 SET 1,509.13 +6.43 JAKARTA 5,197.25 -19.72 MANILA 8,025.35 -76.95 KOSPI 2,010.34 -1.88 SHENZHEN B 1,144.78 -4.16 MUMBAI 27,803.24 +92.72 11.45
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    • Article, Illustration
      Lock icon Trump casts himself as US saviour with forceful acceptance speech
      1242 3 He makes vehement appeal to Americans who feel their country is spiralling out of control NYT Cleveland DONALD Trump accepted the Republican presidential nomination on Thursday evening, with an unusually vehement appeal to Americans who feel that their country is
      NYT; PHOTO: AFP  -  1,242 words
    • Article
      Lock icon Ex-remisier charged with breach of Securities and Futures Act
      314 3  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AN ex-remisier has been charged with defrauding under the Securities and Futures Act the first prosecution case by the Monetary Authority of Singapore (MAS) under the MAS-CAD (Commercial Affairs Department) joint investigation regime. Malaysian Dennis
      314 words
    • Article
      Lock icon Steeper falls in office and retail rents in Q2: URA
      802 4  -  Consultants say the trend is driving leasing activity By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RENTALS and prices of office and retail space fell more steeply in the second quarter than in the first, data released by the Urban Redevelopment Authority
      802 words
    • Article, Illustration
      Lock icon Sephora remains upbeat about Singapore retail sector
      762 5  -  It has opened 11 stores here since 2008; its South-east Asia MD reports healthy sales By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore DESPITE a challenging operating environment, Sephora is committed to the local retail scene and to South-east Asia as a whole, which it
      762 words
    • Article
      Lock icon Singapore businesses nervous amid volatile economy: poll
      487 5  -  Confidence in Asia-Pac picks up slightly but sentiment in OECD falls with Brexit ahead By Chin Yong Chang ycchin@sph.com.sg Singapore BUSINESS confidence in the Asia-Pacific region picked up in the second quarter, led by a stronger sentiment in China, where the sense of
      487 words
    • Article
      Lock icon Grab, Lippo team up for mobile payments
      576 6  -  It offered free GrabHitch rides on Friday, a counter to rival Uber’s S$5 uberPOOL rides By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE-BASED ride-shar-ing app Grab is stepping on the gas. It made two announcements on Friday: One was its mo-bile-payments partnership with Indonesian
      576 words
    • Article, Illustration
      Lock icon A day in a city planner’s shoes
      744 6  -  SATURDAY SOAPBOX Lee Meixian leemx@sph.com.sg @LeeMeixianBT Reporter IT was a rainy Monday morning and I was in a cab, stuck in crawling traffic on the AYE, and getting later by the minute for an event at the World Cities Summit at the Marina
      744 words
    • Article, Illustration
      Lock icon Don't fight a losing battle at work
      869 7  -  Not every issue you disagree with needs to be pursued. Knowing when to charge and when to back off is an art few master CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT IN the office, it seems that there is no end to the
      869 words
    • Article
      Lock icon IMF’s Lagarde to stand trial in Tapie case
      460 7 Reu ters Paris FRANCE’S highest appeals court ruled on Friday that International Monetary Fund (IMF) chief Christine Lagarde must stand trial for her role in a 400 million euro (S$600 million) state payout in 2008 to businessman Bernard Tapie. She was French
      Reuters  -  460 words
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      116 7 NOTICES LEE SOON KIAT HOLDINGS (PTE) LTD. [Company No. *****1430D In Members’ Voluntary Liquidation] NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, the Final Meeting of LEE SOON KIAT HOLDINGS (PTE) LTD. will be held at 60 Paya Lebar
      116 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Opening new windows
      2634 8 / 9  -  Satya Nadella, Microsoft’s CEO, has re-energised the software giant with innovation and vision. By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT SATYA Narayana Nadella, Microsoft’s CEO, is on a mission to re-energise what is undoubtedly one of the most iconic companies of the 20th century to ensure it becomes
      PHOTO: MICROSOFT  -  2,634 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon CMT to fork out S$560m for Funan redevelopment
      574 10  -  Trust’s DPU for Q2 inches up 1.1 per cent to 2.74 cents By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore RETAIL landlord CapitaLand Mall Trust (CMT) plans to spend an estimated S$560 million to turn Funan DigitaLife Mall into an integrated development consisting of
      574 words
    • Article
      Lock icon Cambridge Industrial Trust’s Q2 DPU falls in absence of one-off items
      433 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CAMBRIDGE Industrial Trust (CIT) has posted a 10.9 per cent year-on-year drop in its secondquarter distributable amount to S$ 14.07 million, as the amount in the same period a year ago was cushioned
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    • Article
      Lock icon China sovereign wealth fund CIC’s profit falls by 17%
      431 10 Reuters Beijing CHINA’S sovereign wealth fund China Investment Corp (CIC) reported a 17 per cent decline in net profit last year, its lowest profit since 2011, hit by negative returns on overseas investments and huge foreign exchange losses, it said on
      Reuters  -  431 words
    • Article, Illustration
      Lock icon Wall St’s highs help keep STI in the black for 2016
      538 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent WALLStreet’sconsecutive alltime highs between Monday and Thursday provided the backdrop for a firm week for the Straits Times Index (STI) during which it gained 20 points or 0.7 per cent at 2,945.35,
      538 words
    • Corporate digest
      • Article
        Lock icon Ascendas India Trust
        66 11 ASCEND AS India Trust’s net profit rose 14 per cent to S$9.4 million in its fiscal first quarter, while income to be distributed stayed flat at 1.36 Singapore cents per unit. Total property income rose 6 per cent to S$36.1 million as base rent increased by 7
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      • Article
        Lock icon City Developments Ltd
        53 11 CITY Developments Ltd (CDL) has inked an agreement to sell its controlling stake of 52.52 per cent in Hong Kong-listed City e-Solutions Limited (CES) to China Tian Yuan Manganese Limited for HK$566.4 million (S$98.2 million). Following the completion of the transaction, CDL will cease to have any
        53 words
      • Article
        Lock icon Rowsley Ltd
        58 11 ROWSLEY made a loss of S$5.3 million in the second quarter ended June from a profit of S$516,000 a year ago on the back of a 26 per cent rise in revenue to S$22.3 million. It made a loss per share of 0.114 Singapore cents from an earnings
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      • Article
        Lock icon Lum Chang Holdings
        34 11 LUM CHANG Holdings’ wholly owned Lum Chang Building Contractors has scored a S$60.8 million contract to build a 14-storey industrial building at the junction of Boon Keng Road and Kallang Place.
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    • Article, Illustration
      Lock icon CNMC Goldmine shares see brisk trade after stop-work order
      234 11  -  HOT STOCK By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SHARES of Catalist-listed CNMC Goldmine Holdings were among the most hotly traded on Friday, following the notification by the Kelantan State Lands and Mines Office for it to temporarily stop its operations at
      Source: Bloomberg  -  234 words
    • Article
      Lock icon GAINERS
      75 11 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5547 63.7 0.9 5551/4478 DBXT MSEurope US$ 5284 59.6 0.8 6005/4770 GLD US$ ***** 36.6 0.2 *****/***** DBXT STGLDv US$ 3082 29.8 0.7 3092/2731 Lyxor Nasdaq US$ 1822 17.6 0.7 1865/1557 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.3 200.0
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    • Article
      Lock icon LOSERS
      72 11 BY CENTS CLOSE DOWN 52w high/low DBXT Vietnam US$ 2414 -89.4 -2.7 2786/2017 Great Eastern 2165 -40.0 -1.8 2409/1870 Hyflux 6% CPS ***** -30.0 -0.3 *****/***** DBXT MSINDO US$ 1400 -27.1 -1.4 1426/911 DairyFarm USD 669 -25.8 -2.8 869/556 BY PERCENTAGE CLOSE DOWN 52w high/low Lereno Bio-Chem 1.2 -42.9
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    • Article
      Lock icon MOST ACTIVE
      35 11 VOLUME Ezion R 81,516,200 Ezra 76,346,400 KLW Hldgs 63,272,900 CNMC Goldmine 61,845,400 Ezion 42,665,700 Market volume 1,379,683,000 VALUE Singtel 92,887,843 DBS Grp 67,496,822 Wilmar Intl 40,013,451 UOB 35,464,254 ComfortDelGro 35,385,600 Market value 970,899,000
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    • Article
      Lock icon STI STOCKS
      309 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 253 +4 254/247 254 209 6.1 6672.4 CapitaCom Trust 154 cd -2 156/153 158.5 122.5 5.6 4552.8 CapitaLand 313 +3 315/308 346 267 12.5 2.9 *****.4 CapitaMall Trust 220 cd -2 221/217
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    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Nikko AM STI ETF 299 -1 394 300/298 343/259 299/300 7.2 DBXT MSPHILS US$ US220 125 221.4/220 222.3/158.5 220/220.8 17.6 STI ETF 297 93 298/296 343/254 297/298 Lyxor Japan US$ US122 +0.3 61 122/122 133.3/103.5 -/-19.5
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      785 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 18 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp 20-Jul-16 Koh Wee Meng Buy 100 0.17 *****40 74.51 *****40 74.51 Fragrance Grp 20-Jul-16 Lim
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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 3 8 4 0 1 0 3 9 4 Manufacturing 41 26 36 8 7 10 49 33 46 Commerce 11 19 17 4 4 4 15 23 21 Tpt/Stor/Comms 6 14 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,853 58 13,911 52,275 11 52,285 Manufacturing 69,546 148,827 218,373 104,086 1,808 105,894 Commerce 51,170 13,743 64,913 51,878 342 52,219 Tpt/Stor/Comms 164,594 16,002 180,596 206,064 1,665 207,728 Finance 18,194 18,194 137,980 137,980 Construction 13,350 760
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jul 22 VALUE CLOSE BT OB/OS 109.00 +35.00 BT CADI -*****.00 -24.00 BT 10-day MA -*****.00 +11.00 FTSE ST Mid Cap 685.38 -5.80 FTSE ST Small Cap 392.29 -0.93 FTSE ST All Share 713.90 +0.16 FTSE ST China Top 162.79 -0.11 FTSE ST China 193.81 -0.91 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 VOL CLOSE($) CHANGE Logistics 35.0 0.230 -0.065 -22.03 China Jishan 69.0 0.047 +0.009 +23.68 MS Hldgs 23.7 0.160 +0.088 +122.22 Lereno Bio-Chem 60.9 0.012 -0.009 -42.86 IP Softcom 147.0 0.020 +0.002 +11.11 ISOTeam 8,735.3 0.360 +0.030 +9.09 KLW 63,272.9 0.013 +0.002 +18.18 Serrano 205.1 0.025 -0.013 -34.21 Green
      80 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jul-21 Price Net change change Last Trade Agricultural Jul-21 CBOT Soybeans (US cents/bu) 1032.50 5.50 0.54% 12/8/2016 CBOT Soybean Oil (US cents/lb) 31.06 0.35 1.14% 12/8/2016 CBOT Wheat (US cents/bu) 417.75 4.75 1.15% 14/09/2016 Jul-21 LIFFE Cocoa (£/tonne) 2362.00 -55.00 -2.28% 15/09/2016 LIFFE Coffee (US$/tonne) 1810.00 2.00 0.11%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Jul 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 16 2394.0 2362.0 2394.0 2357.0 608 5993 Sep 16 2363.0 2340.0 2366.0 2334.0 5026 ***** Oct 16 2340.0 2320.0 2347.0 2312.0 ***** ***** Nov 16 2334.0 2313.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Jul 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.25 99.28 99.27 5-Year NX*****X 2.250 01-Jun-21 104.14 104.50 104.15 10-Year NX*****F 2.125 01-Jun-26 103.31 103.70 103.50 15-Year NZ*****F 2.875 01-Sep-30 109.61 110.35 110.00 20-Year NZ*****V 3.375 01-Sep-33 116.79
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jul 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0121 1.0129 0.7468 0.7473 Canadian dollar 1.0320 1.0324 0.7617 0.7615 Euro 1.4948 1.4954 1.1030 1.1033 NZ dollar 0.9478 0.9482 0.6994 0.6996 Sterling pound 1.7984 1.7992 1.3270 1.3274
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      212 13 Most active Jul 22 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.5 -0.7 4440 0.1 1620 3 OCBC Bk MB eCW*****8 6 -0.4 3813 0.1 915 6 OCBC Bk MBeCW*****4 8 -0.6 3381 0.1
      212 words
    • 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 21 Index Change Change Change Change Change Change World Preliminary 1301.1 -0.1 1.8 -0.1 -1.8 0.0 2.6 EAFE Preliminary 964.5 0.1 -4.8 0.1 -7.7 0.2 -3.4 Europe Preliminary 1372.9 -0.2 -2.8
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    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article, Illustration
      Lock icon FCOT sees minimal lease expiries till Sept
      530 14  -  Distribution per unit rises 3 per cent to 2.41 cents in fiscal third quarter By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FRASERS Commercial Trust (FCOT) expects minimal lease expiries for the rest of this financial year with them confined to the Singapore properties as
      530 words
    • Article
      Lock icon China Fibretech remains suspended, to engage lawyers to handle claims
      370 14  -  By Angela Tan angelat@sph.com.sg Singapore CHINA Fibretech, whose shares remain suspended from trading since Nov 30, 2015, said on Friday it will engage a law firm to handle the 466 million yuan (S$94.6 million) damage claims made by its customers.
      370 words
    • Article
      Lock icon Emas Chiyoda Subsea consortium wins US$1.6b Saudi contract
      234 14  -  By Choo Yun Ting yuntingc@sph.com.sg Singapore EMAS Chiyoda Subsea, a 50-50 joint venture between Ezra Holdings and Chiyoda Corporation, is part of a consortium that was awarded a US$1.6 billion contract by Saudi Arabian oil giant Saudi Aramco, Ezra announced on Friday.
      234 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon US existing home sales in June hit highest level since ’07
      461 15 Low rates attracting first-time buyers into the market Reuters Washington US home resales hit their highest level in nearly 91/2 years in June as low interest rates attracted first-time buyers into the market and the number of Americans filing
      Reuters; PHOTO: AFP  -  461 words
    • Article
      Lock icon China’s Wanda to sell Madrid project for 272m euros
      287 15 AFP Shanghai CHINA’S property giant Wanda, owned by the country’s richest man Wang Jianlin, has signed a memorandum of understanding (MOU) to sell a historic Madrid skyscraper to a Spanish developer for 272 million euros (S$407 million), the company said on
      AFP  -  287 words
    • Article
      Lock icon China Vanke, top shareholder face questioning from securities regulator
      179 15 Reuters Hong Kong CHINA Vanke Co and its biggest shareholder received notices on Thursday from China’s securities regulator that they had violated disclosure regulations on shareholding changes at the property development company. China’s Securities Regulatory Commission (CSRC) also requires executives from
      Reuters  -  179 words
    • Article
      Lock icon Denmark mortgage bank warns of ‘out of control’ housing market
      320 15 Bloomberg Copenhagen DENMARK’S biggest mortgage bank is warning there’s a risk the housing market may get “out of control”, especially around cities, as long-term negative interest rates make borrowers complacent. “To be concrete, there is a danger that Danes go
      Bloomberg  -  320 words
    • Article
      Lock icon Househunt
      1295 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 8 AND JUNE 14, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED Liv On Wilkie Apt 13/06/2016 FH 732 1839 2512 Mackenzie Regency Apt 13/06/2016 FH 1184 1380
      1,295 words
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      36 15 GOOD CLASS BUNGALOW SWISS CLUB ROAD 20,000 sqft Beautiful flat land Panoramic view, quiet Rebuild or A&A Motivated seller Exclusive Marketing Agent K H Tan *****348 Newsman Realty Pte Ltd Estate Agt L*****29F CEA Reg R*****9A
      36 words
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  • BANKING & FINANCE
    • Article
      Lock icon PayPal ties up with Visa to extend reach
      405 17 Online payments system company raises full-year 2016 revenue guidance to US$10.75-10.85b, projects 16% growth Reuters New York PAYPAL Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street earnings expectations and announcing a partnership with Visa Inc
      Reuters  -  405 words
    • Article, Illustration
      Lock icon Australia’s NAB in management shake-up to boost growth at home
      599 17 Reuters Sydney NATIONAL Australia Bank (NAB), the country’s No 1 lender, on Friday announced a top management shake-up and restructuring to reverse declining market share in Australia and New Zealand, leading to the departure of three senior executives. After exiting
      Reuters; PHOTO: REUTERS  -  599 words
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      77 17 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. HOT PROPERTY BESPOKE ARCHITECTURE Huddington Ave. 2997/5400 sf. 2.5 sty basement. Lift. TOP2014. CHARTWELL DRIVE. 999 years leasehold. Corner
      77 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon India top fossil fuel firms invest in renewables
      831 18 They are backing Modi’s goal to build up alternatives to the most polluting forms of energy Bloomberg New Delhi INDIA’S biggest energy companies are moving beyond their roots in fossil fuels to invest in renewables, backing Prime Minister Narendra Modi’s goal to
      Bloomberg; PHOTO: AFP  -  831 words
    • Article
      Lock icon Britain goes back to Bronze Age with plans to revive tin mining
      698 18 Bloomberg London A HALF mile shaft of filthy water dug into the granite that forms the southernmost tip of England separates Richard Williams from his dream of bringing back mining to a region known for its tin since
      Bloomberg  -  698 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Q2 results show Qualcomm making progress in China
      842 19 But growth in Intel’s data centre business falls well short of its own targets Bloomberg San Francisco QUALCOMM Inc’s second-quarter results show the chipmaker is overcoming hurdles in China, while rival Intel Corp faces fresh headwinds in servers the key to its
      Bloomberg; PHOTO: REUTERS  -  842 words
    • Article
      Lock icon Facebook solar-powered Internet drone completes test flight
      338 19 Reuters San Francisco FACEBOOK Inc said on Thursday that it had completed a successful test flight of a solar-powered drone that it hopes will help it extend Internet connectivity to every corner of the planet. Aquila, Facebook’s lightweight, high-altitude aircraft, flew at a
      Reuters  -  338 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Rupert Murdoch to succeed Ailes as head of Fox News Channel
      893 20 The latter has resigned due to a harassment suit by former Fox star Gretchen Carlson Bloomberg New York ROGER Ailes has resigned as head of the Fox News Channel, felled by sexual harassment accusations levelled by a former anchor,
      Bloomberg; PHOTO: AFP  -  893 words
    • Article
      Lock icon Starbucks revenue trails estimates as domestic growth slows
      525 20 Bloomberg Chicago STARBUCKS Corp, the world’s largest coffee-shop chain, reported third-quarter revenue that missed analysts’ estimates after same-store sales growth slowed in the Americas, its biggest region. Sales rose 7.3 per cent to US$5.24 billion in the quarter ended June 26, the
      Bloomberg  -  525 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon A turbulent summer for European airlines
      557 21 Recent terror attacks and attempted coup in Turkey have hit many carriers already grappling with Brexit fallout Reuters London LAST week’s deadly attack in Nice and attempted coup in Turkey have created fresh turmoil for European airlines already grappling with the fallout of “Brexit”,
      Reuters; PHOTO: REUTERS  -  557 words
    • Article
      Lock icon Hopes of finding MH370 ‘fading’, search suspension looms
      292 21 AFP Putrajaya, Malaysia HOPES of finding flight MH370’s final resting place are “fading” and the massive three-nation search for the doomed jet will be suspended if nothing is found in the suspected crash zone, Malaysia, Australia and China said on Friday. With
      AFP  -  292 words
    • Article
      Lock icon Boeing absorbs high costs of tardy jetliners
      518 21 Bloomberg Chicago BOEING Co said that it expects to report a US$2.1 billion aftertax accounting loss for the second quarter as it absorbs the costs from programmes with well-publicised stumbles: the 787 Dreamliner, the 747-8 jumbo jet and a refuelling tanker for the
      Bloomberg  -  518 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Pokemon Go craze finally lands in Japan
      496 22 Game developer Niantic blames delay on global response beyond its expectations; Japanese are ecstatic AFP Tokyo PIKACHU was welcomed home by thousands of enthusiastic Japanese gamers on Friday as the global phenomenon that is Pokemon Go was finally launched in its native market.
      AFP; PHOTO: BLOOMBERG  -  496 words
    • Article
      Lock icon Evergreen dispute shows that regulators need to step up
      753 22 China bond markets are overseen by three different watchdogs Reuters Shanghai A DISPUTE between investors and the underwriter of a bond issued by Evergreen Industries is showing up regulatory failings that need fixing if China is to sustain newly robust inflows
      Reuters  -  753 words
    • Article, Illustration
      Lock icon UK economy wilts after Brexit as PMI dips most in 20 years
      925 23 PMI for services sector falls to 47.4 in July from 52.3 in June, the steepest drop since records began in 1996 Reu ters London BRITAIN’S economy is shrinking, the broadest survey of business confidence since last month’s historic
      Reuters; PHOTO: AFP  -  925 words
    • Article, Illustration
      Lock icon Tight Brexit timeline making Germans jittery
      1150 24 Officials in Germany say tough stance on Article 50 must change Reuters Berlin GERMAN Chancellor Angela Merkel and fellow European leaders are pressing the new British government to trigger divorce proceedings with the European Union as soon as possible. But behind the scenes, senior
      Reuters; PHOTO: BLOOMBERG  -  1,150 words
    • Article
      Lock icon China can’t shoulder burden of global economy, says premier
      421 24 Bloomberg Beijing AS the world struggles to break out of a prolonged period of sluggish expansion, don’t count on its No 2 economy to ride to the rescue. That was the message from China’s Premier Li Keqiang on the eve of
      Bloomberg  -  421 words
    • Article
      Lock icon Americans too busy to stop wasting food
      779 25 National survey finds that they feel guilty when throwing food away but are not willing to be inconvenienced Bloomberg New York AMERICANS say they feel bad about the 130 billion pounds (60 kg) of food that the nation wastes every year. But not
      Bloomberg  -  779 words
    • Article, Illustration
      Lock icon Worker-directors can help businesses beat the market: study
      680 25 Bloomberg New York GIVING board seats to employees familiar with factory floors can help businesses beat the market, sometimes by huge margins. That’s the finding in a Bloomberg review of countries where worker-directors are common but not required by law. Indices of
      Bloomberg; PHOTO: AFP  -  680 words
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      57 23 SINGAPORE QUALIFIERS 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 VENUE TANAH MERAH COUNTRY CLUB, TAMPINES COURSE GOODIE BAG
      57 words
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  • OPINION
    • Article, Illustration
      Lock icon Insurance in the Digital Age
      1132 26 / 27  -  There are some social costs to bear as new technology changes the world of insurance. By Philippa Kelly ~The writer is manager, financial services assurance, at ICAEW, the Institute of Chartered Accountants in England and Wales. She led the team behind ICAEW’s ‘Audit Insights: Insurance’
      PHOTO: BLOOMBERG  -  1,132 words
    • Article, Illustration
      Lock icon Kudos to May for her neo-industrial strategy for the UK
      958 26 / 27  -  It’s time for Britain to recover its manufacturing prowess after ceding supremacy to Japan. By Anthony Rowley By Anthony Rowley AS SOMEONE who has lived for 25 years in Japan where monozukuri (manufacturing) has been a tradition and almost a
      PHOTO: REUTERS  -  958 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Through a glass darkly: predictions for H2 2016
        2054 28 / 29  -  H2 will be worse than H1 for equities. So it’s still wise to use rebounds to lighten up on risk not add to it WEALTH MATTERS Lim Say Boon ~The writer is chief investment officer at DBS Bank I’M STILL bearish. Rewind
        PHOTO: AFP  -  2,054 words
      • BROKERS' TAKE
        • Article
          Lock icon Keppel Corp Hold (Downgrade)
          204 28 / 29 Close: S$5.50 Target price: S$5.67 KGI Fraser Securities, July 22 Q2 2016 net profit of S$205.8 million came in below our expectations, declining 48 per cent year on year mainly due to weakness from its offshore marine business as customers continued to defer deliveries. Keppel declared
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        • Article
          Lock icon Suntec Reit Reduce (Downgrade)
          239 28 / 29 Close: S$1.74 Target price: S$1.67 CIMB Research, July 22 We expect office spot rents to trend down on the back of a large influx of new office supply and anticipate this to be a drag on Suntec's office revenue over the next two years. Meanwhile, Suntec
          239 words
        • Article
          Lock icon Ascendas Reit Buy
          133 28 / 29  -  Compiled by Cai Haoxiang Close: S$2.53 Target price: S$2.60 Citi Research, July 21 Though Ascendas Reit managed to push up Singapore occupancies and achieve a commendable rental reversion in the June quarter, this could potentially be overshadowed by a relatively steep fall in Australia occupancies (and likely
          133 words
      • Article, Illustration
        Lock icon Laughing all the way to the Banksy
        1300 30 As collectors start to buy street art, dealers are pricing them from six figures to seven and eight figures NYT IN WHAT was billed as a monthlong residency in New York City, British street artist Banksy worked at night putting stencils on walls
        NYT; PHOTO: NYT  -  1,300 words
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  • LIFE & CULTURE
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      334 31 CRYPTIC CROSSWORD Across 1 Greeting from Chicago what are the odds? (4) 3 Someone getting up part of the staircase (5) 6 Leaders of radical avant garde slated in tabloids (4) 8 Ceremony from which bride and groom emerge with double-barrelled name? (7,8) 9 Supposed setback for De Niro, tackling
      334 words
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      129 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 B R A S S U S T H E E A R LY WAT C H M
      129 words