The Business Times, 1 August 2016

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Microfilm: NL33935
Total Pages: 27
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    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 Monday, August 1, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    231 1 The US stock market’s rally could pause this week if earnings of insurers and smaller industrial companies are too weak or the July jobs report is too strong. But if reports are unspectacular, the upward momentum will likely be sustained. TOP STORIES 2 Destabilising global events such as
    231 words
  • Article, Illustration
    Lock icon Demand for turning condos to serviced apartments wanes
    1165 1  -  Some analysts attribute this to pick-up in home sales, others point to a soft patch ahead for such apartments By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore THE surge of interest in 2015 among property owners to convert residential developments to serviced apartments may
    Source: URA  -  1,165 words
  • Article
    Lock icon Low-carbon investing in vogue after Paris climate talks
    1134 1  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore INSTITUTIONAL interest in low-car-bon investing has been growing since the Paris climate change agreement last year. And while Western investors have taken the lead in this so far, it is only a matter of time before
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,868.69 -76.66 KL Comp 1,653.26 -4.16 Nikkei 225 16,569.27 -57.98 Hang Seng 21,891.37 -72.90 Shenzhen B 1,146.85 +2.07 Dow 18,432.24 -138.61
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      182 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES IWC PILOT. ENGINEERED FOR ORIGINALS. Big Pilot’s Watch Spitfire. Ref. 5009: This masterpiece from IWC offers no excuses for false modesty. The airmen who piloted the Supermarine Spitfire would no doubt have taken enormous pleasure in the Pilot's Watch with the
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      12 1 WINNING WAYS Glitzy evening with champions of good governance SINGAPORE CORPORATE AWARDS/16-17
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      Lock icon Page 1 Advertisements Column 3
      20 1 NEW RESTAURANT Hits and misses at Salted Hung DINING OUT/27 TOPLINE Funding Societies sees overheating in crowdfunding COMPANIES MARKETS 6
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  • TOP STORIES
    • Article
      Lock icon SR Nathan in critical condition after stroke
      567 2  -  President Tony Tan, DPM Teo, cabinet ministers, ex-colleagues visit the former president in hospital; PM Lee saddened to hear of his stroke and grave condition By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FORMER president SR Nathan is in critical condition after suffering a stroke
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    • Article, Illustration
      Lock icon 31 SMEs honoured at BT Salutes Enterprise gala dinner
      280 2 Singapore A TOTAL of 31 businesses were honoured at Thursday’s BT Salutes Enterprise gala dinner, the culmination of the four-day long BT Salutes Enterprise series which we ran from July 19 to July 22. Themed Aspire to Inspire, the gala dinner
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    • Article
      Lock icon US stocks end week on flat note
      681 2  -  WALL STREET INSIGHT By btworld@sph.com.sg Rob Curran btworld@sph.com.sg US stocks finished more or less flat last week as fears about central bank policy and economic growth offset earnings that were generally better than expected. This week could see a pause in the stock
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    • Article
      Lock icon Savvy investors ‘can benefit from Brexit-like events’
      724 4  -  Speakers at Invest Fair also talk about market scenarios and potential merits if Trump is elected US president INVESTING RIGHT By Chin Yong Chang ycchin@sph.com.sg Singapore DESTABILISING global events such as the failed Turkish coup and Brexit can potentially benefit savvy investors, said
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    • Article
      Lock icon Asian century is here to stay: Kishore Mahbubani
      706 4  -  By Renald Yeo yrenald@sph.com.sg Singapore THE Asian century is nigh upon us, with the inexorable march of economic powerhouses such as China, India and to a smaller but no less significant extent, Indonesia well underway, public policy mandarin Kishore Mahbubani said on
      706 words
    • Article, Illustration
      Lock icon 2005: Singapore rolls dice with casino plans
      381 4  -  China, Malaysia end dollar pegs; NKF scandals spark outrage. The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has
      BT Graphics: Andrea Lee  -  381 words
    • Article, Illustration
      Lock icon Hilton extends its hospitality to youth, the environment, and the community
      715 4  -  COMPANY OF GOOD By Avanti Nim avantin@sph.com.sg Singapore HILTON Worldwide got rid of their Corporate Responsibility Department about five years ago. But it’s not because they don’t believe in it. Rather, it’s now “entrenched in the organisation’s DNA, and
      PHOTO: HILTON SINGAPORE  -  715 words
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      71 2 SAVE A MINIMUM OF 20% ON OUR ENTIRE SOFA AND ARMCHAIR COLLECTION NOW ON B&B wnnM www.bebitalia.com m i li m M m *Vj, y spacefurniture.asia B&B Italia Tufty-Too sofa Was from S$11,710 Now from S$9,368 Open 10.30am to 8.00pm daily 77 Bencoolen Street, B&B Italia Beverly ‘14 armchair Was
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Funding Societies sees overheating in crowdfunding
      1127 6  -  Co-founder reckons there will be “negative competition”, with a lot more platforms than good firms. BY JAMIE LEE TOPLINE BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT EVEN as regulations soon come into force for Singapore’s crowdfunding scene, there are fears among a few that the floodgates
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    • Article
      Lock icon The Exco: a dinosaur in the digital age?
      907 6  -  Some still see a need even as others do without. BOARDROOM MATTERS without.BY NG SIEW QUAN T The writer is a member of the corporate governance guidebooks working committee of the Singapore institute of Directors. articles OF the several board committees within
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    • Article
      Lock icon Director buying falls, selling stays low
      2078 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited. THE buying fell for the fourth straight week and the selling among directors weakened further based on filings on the Singapore Exchange in the last week of July. A total
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    • Article
      Lock icon China consortium to buy Caesars unit
      460 7 REUTERS New York A CHINESE consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-com-merce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc’s online games unit for US$4.4 billion in cash, the companies
      REUTERS  -  460 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index July 29,2016 2,868.69 -76.66 (-2.60%) Current streak 2 days Week high 2,941.49 Week low 2,868.69 52-week high 3,202.50 (July 31, 2015) 52-week low 2,539.95 (Feb 12, 2016) WEEKLY FTSE ST Catalist index July 29,2016 442.94 -8.65 (-1.92%) Current streak 2 days Week high 452.66 Week
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    • Article, Illustration
      Lock icon Fallout from Swiber, O & M sector to continue
      641 8  - Fallout from Swiber, O M sector to continue STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index has spent most of 2016 in negative territory and Friday’s sell-off taking it 1.7 per cent into the red for the year. It was the second time in seven months that it
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share WEEKLY ftse ST All-Share index July 29,2016 700.43 -13.47 (-1.89%) Current streak 2 days Week high 713.27 Week low 700.43 52-week high 768.29 (July 31,2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 642.1 3.9 *****/9646 DBXT Nifty50 ETF10 ***** 365.0 2.1 *****/***** JMH USD 5930 237.9 3.1 6103/4500 Jardine C&C 3923 215.0 5.8 4520/2636 DBXT MSKorea US$ 5686 187.9 2.5 5686/4478 BY PERCENTAGE CLOSE UP 52w high/low Hai Leck W*****5 5
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    • Article
      Lock icon STI STOCKS
      313 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -8 257/245 257 209 6.3 6461.5 CapitaCom Trust 150.5 -3.5 155/147.5 158.5 122.5 5.7 4449.3 CapitaLand 317 +4 321/313 340 267 12.7 2.8 *****.4 CapitaMall Trust 214 xd -6 221/210 225
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low DBS Grp 1541 -88.0 -5.4 2113/1301 UOB 1820 -85.0 -4.5 2309/1680 DBXT China50 US$ 2926 -67.6 -1.7 3383/2355 OCBC Bank 860 -38.0 -4.2 1037/741 CityDev 851 -37.0 -4.2 959/661 BY PERCENTAGE CLOSE DOWN 52w high/low CapitalaMBePW*****2 0.6 -57.1 -0.8 7.6/0.6 Huan Hsin 0.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      77 8 VOL CLOSE($) CHANGE Hoe Leong 829.5 0.018 -0.010 -35.71 NauticAWT 128.0 0.124 +0.031 +33.33 ES 210.0 0.101 +0.011 +12.22 VibroPower 267.4 0.240 -0.020 -7.69 CMC Infocomm 211.2 0.065 +0.010 +18.18 Willas-Array 9.9 0.580 +0.060 +11.54 SingMedical 2,552.4 0.162 +0.013 +8.73 Eindec 92.0 0.069 -0.016 -18.82 Plastoform 6.8 0.210
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index July 29,2016 1,689.12 +38.92 (+2.36%) Current streak 1 day Week high 1,689.12 Week low 1,651.81 52-week high 1,879.75 (July 31, 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 6 9 2 0 1 0 6 10 2 Manufacturing 42 76 28 12 19 13 54 95 41 Commerce 22 34 13 6 10 6 28 44 19 Tpt/Stor/Comms 5 29 1
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 73,945 1,244 75,189 243,868 228 244,096 Manufacturing 405,797 858,765 1,264,562 515,497 12,328 527,825 Commerce 347,812 546,128 893,940 327,708 10,017 337,725 Tpt/Stor/Comms 687,996 28,853 716,849 927,292 3,026 930,318 Finance 154,599 984 155,583 1,182,507 148 1,182,655 Construction
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    • Article
      Lock icon Gold futures gain for second week; wheat slides to decade low
      881 8 COMMODITIES BLOOMBERG New York GOLD futures gained for a second straight week as the dollar weakened and the US economy grew less than expected in the second quarter, boosting demand for the metal as a store of value. Gross
      BLOOMBERG  -  881 words
    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Annica 637,576,000 Vallianz 408,247,600 Ezra 278,712,500 Noble 200,376,900 CNMC Goldmine 128,481,700 Market volume 6,982,563,000 VALUE DBS Grp 522,131,441 Singtel 449,057,249 UOB 302,686,113 OCBC Bank 276,526,019 Ascendas Reit 181,058,732 Market value 5,220,879,000
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    • Article
      Lock icon SGX ETFs Most Active
      113 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 288 xd -9 2315 300/287 335/254 287/288 IS MS INDIA US$ US772 +53 655 772/717 780/575 730/772 96.5 DBXT MSPHILS US$ US216.6 -3.4 569 222.5/214.1 222.5/158.5 215.6/216.4 17.3 IS Asia BND US US1102 +10
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    • Article
      Lock icon COMPANY MEETINGS
      147 8 COMPANY MEETING PLACE DATE TIME KLW Hldgs A 2 Kallang Ave #07-03 CT Hub 30-Jul 10.00am Matex Intl Ltd E 47 Ayer Rajah Crescent #05-10 01-Aug 10.00am Swee Hong Ltd E Warren Golf and Country Club Conference Room 1 2 (Lvl 2) 81 Choa Chu Kang Way 02-Aug
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 29 VALUE CLOSE BT OB/OS -415.00 -199.00 BT CADI -*****.00 -178.00 BT 10-day MA -*****.00 -41.00 FTSE ST Mid Cap 680.42 -6.30 FTSE ST Small Cap 386.19 -2.29 FTSE ST All Share 700.43 -8.98 FTSE ST China Top 159.18 -2.84 FTSE ST China 190.66 -3.70 FTSE
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    • Article
      Lock icon Adding gold to your portfolio
      312 9  -  CURRENCIES By Lee Zhen Sheng T The writer is a dealer at Phillip Futures CURRENTLY gold is in favour as an alternative currency to store value in lieu of unconventional expansionary monetary policies conducted by central banks. The Bank of Japan and European Central Bank
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 9 Jul 29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9487.50 9495.00 9430.00 9442.50 *****3 *****7 Sep16 9480.00 9485.00 9440.00 9440.00 314 710 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****5 *****0 Dec16 *****.00 *****.00 *****.00 *****.00 282 6072 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        211 9 Jul 29 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 5.6 -3.9 ***** 0.1 1620 3 Rowsley Ltd W*****3 0.1 -0.1 ***** 1 18 3 HSI ***** MB eCW*****9 6.9 ***** 0.0
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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 29 Index Change Change Change Change Change Change World Preliminary 1304.4 0.3 2.1 0.1 -1.9 0.9 3.6 EAFE Preliminary 965.2 0.5 -4.8 1.1 -6.8 1.9 -1.6 Europe Preliminary 1380.9 0.5 -2.2
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    • FOREX RATES
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        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jul 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 4.986 0.676 5.813 50.276 98.285 0.777 8.427 3.061 1.058 78.572 35.339 1.013 10.625 0.733 23.952 26.122 0.569 0.750 Canada 1.013 5.048
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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        Lock icon NIKKEI
        2 9 WEEKLY
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        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jul 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0130 1.0137 0.7494 0.7497 Canadian dollar 1.0258 1.0263 0.7590 0.7589 Euro 1.4985 1.4996 1.1086 1.1090 NZ dollar 0.9575 0.9584 0.7084 0.7088 Sterling pound 1.7810 1.7822 1.3176 1.3180
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jul 29 S$ Bid Offer 1-month 1.3518 1.3526 2-months 1.3520 1.3529 3-months 1.3525 1.3532 6-months 1.3532 1.3543 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jul 29 $S Offer Bid 0vernight 0.10 Par 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.40 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.75 0.55 3 months 0.85 0.65 6 months 1.20 1.00 9 months 1.40 1.20 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Jul 29 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 99.32 99.25 5-Year NX*****X 2.250 01-Jun-21 103.84 104.15 103.85 10-Year NX*****F 2.125 01-Jun-26 102.86 103.75 102.85 15-Year NZ*****F 2.875 01-Sep-30 109.67 110.25 110.10 20-Year NZ*****X 2.250 01-Aug-36 100.89
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jul-29 Price Net change change Last Trade Agricultural Jul-29 CBOT Soybeans (US cents/bu) 1032.50 29.00 2.89% 12/8/2016 CBOT Soybean Oil (US cents/lb) 30.35 0.86 2.92% 12/8/2016 CBOT Wheat (US cents/bu) 407.75 -2.50 -0.61% 14/09/2016 Jul-29 LIFFE Cocoa (£/tonne) 2297.00 -35.00 -1.50% 15/09/2016 LIFFE Coffee (US$/tonne) 1805.00 0.00 0.00%
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    • Article, Illustration
      Lock icon Sinarmas Land, KOP units to develop Nuvasa Bay
      394 10  -  Batam development will offer 200 houses, 550 condos in first launch at end-2016 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE-LISTED developers Sinarmas Land Limited and KOP Limited have agreed, through their subsidiaries, to develop parts of Nuvasa Bay, a high-end integrated residential
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1226 10 Payment Ex Rec Pay Ann (cts) date date date date Aims AMP Cap Ind Reit do 2.565 03-Aug 05-Aug 22-Sep 26-Jul Aims AMP Cap Ind Reit bi 0.096 03-Aug 05-Aug 22-Sep 26-Jul Aims AMP Cap Ind Reit (1 Apr-30Jun 2016) db 0.089 03-Aug 05-Aug 22-Sep 26-Jul AIMS Property
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    • Article
      Lock icon Mediaset rejects Vivendi’s alternative offer for TV deal
      615 10 BLOOMBERG Milan MEDIASET SpA rejected an alternative proposal for an alliance with Vivendi SA, as a conflict that broke out suddenly this week between the two European media companies devolved into a full-on war of words. Mediaset fell to the lowest level
      BLOOMBERG  -  615 words
    • Article
      Lock icon PRIME LENDING RATES
      241 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia .5.75 Bank
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1199 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.07 10.13 0.89 0.67 AIMS AMP Cap Industrial Reit 1.00 1.00 4 0.11 13.46 1.51 1.47 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      1969 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High week 150 127 AIMSAMP Cap Reit 147cd +1 3076 149 145 0.9 7.7 936.8 Div 165.5 101 ARA Asset Mgmt 132 unch 2038 134
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    • Article
      Lock icon SGX CATALIST
      380 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Week Div C'vr 0.7 0.1 t Advanced Systems 0.2 +0.1 30 0.2 0.2 5.3 44.5 29.5 t Advancer Global 33 -1.5 6694 35 32.5 13.1 57.1 MCap High LOW
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    • Article
      Lock icon SGX ETF
      180 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1254 991 CIMBASEAN40 S$D 1195 +3 0 1210 1195 918 700 CIMBASEAN40 US$ US876 +8 10 876 868 137.4 3383 2355 DBXT China50 US$ US2926 -50 16 2990
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      95 7 HAPPY BIRTHDAY At IG we're celebrating too. To mark 10 years in Singapore, we'll give you $288* when you open an account with us. How's that for a celebration? Find out more at IG.com.sg/ig10 or call us on +65 6390 5118 IG.com.sg/ig10 FOREX SHARES INDICES COMMODITIES BINARIES 1 n n
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  • Page 9 Advertisements
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      164 9 Trade Gold For Gold Receive premium gold when you trade spot gold with Phillip Futures today.* 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg/gold 250 North Bridge Road #07-01 Raffles CityTower Singapore *****1 This advertisement is for general information only and does not constitute a recommendation, offer or solicitation to buy or sell any
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  • Page 11 Advertisements
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Investors start buying London property again
      660 12  -  Compared to yields on 10-year gilts, property prices which have fallen from their 2014 peaks are now regarded as better value for investors in a still-attractive city By Neil Behrman btworld@sph.com.sg London AFTER a lull post-Brexit, foreign investors are beginning to buy London residential
      PHOTO: REUTERS  -  660 words
    • Article
      Lock icon Thousands of Maryland homes certified as lead-free may not be
      813 12 State Department of the Environment in process of contacting about 2,000 homeowners to retest properties WP Washington THOUSANDS of homes in Maryland that were certified as lead-free could actually be contaminated with the toxic substance, according to state officials. The
      WP  -  813 words
    • Article
      Lock icon China economic woes, ecology fears hit reclaimed city off S’pore
      704 12 AFP Johor Baru A PLANNED multi-billion-dollar new city near Singapore is attracting interest from investors with promises of luxury living but there are questions over its future owing to China’s economic woes and warnings of environmental catastrophe. Forest City, a
      AFP  -  704 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      114 12 GOLDEN WALL CENTRE 89 Short Street, S(*****6) For Sale By Tender FREEHOLD Commercial Building Closing Date: 25th Aug 2016 (Thursday), 3pm For further information, please call: Kevin Lim 9199 9306 R*****6A Freehold Commercial Site adjacent to Rochor MRT station Strategically located at the fringe of Central Area Within Bras Basah
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      Lock icon Page 12 Advertisements Column 2
      120 12 u Iff 'i Contact Investment Properties Sammi Lim Yap Hui Yee (CEA Reg No. R*****9J) (CEA Reg No.: R*****5Z) 9368 9803 9852 3687 33 161 LAVENDER STREET LAVENDER PLACE > Full Commercial 100M Road Frontages 5 11 contiguous shophouses with lift Site area: approx. 17,561 sq ft Existing floor area:
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      1607 13 SPECIAL FEATURE Driving Singapore’s geospatial development towards a Smart Nation SLA spearheads geospatial technology development to contribute to achieving Singapore’s vision of a Smart Nation The Singapore Land Authority (SLA), a statutory board under the Ministry of Law, whose mission is to optimise land resources for the economic and social
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon PRIVATISED SERVICE
      976 14 THIS WEEK’S TOPIC: Should SMRT be privatised and why? Toby Koh Group Managing Director Ademco Security Group THE Temasek takeover of SMRT is a perfect move to rework our strategy on public transportation. It is a slick move on the part of the government to use a GLC
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  • Page 14 Advertisements
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      232 14 +tt. T: IP B -< i pz rT PROPERTY www.sphdigital.com 'md#:. 2016 E EE23E III t ST: fw+: w mr>- r ww Create Wealth by investing in Asia, Australia and UK in the challenging times ahead! ITKBHBSE Date Time Saturday Sunday 27-28 August 2016 11am to 5pm TOPICS SPEAKERS DAY
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      Lock icon Page 14 Advertisements Column 2
      11 14 The full list of views from CEOs is available at http://businesstimes.com.sg
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      716 15 The Raffl es Medical Story A DV E R TO R I A L From humble beginnings to a lasting legacy Raffl es Medical Group (RMG) celebrates 40 years of caring. It began humbly in 1976 when its founders Dr Loo Choon Yong and Dr Alfred Loh bought over a
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  • SINGAPORE CORPORATE AWARDS
    • Article, Illustration
      Lock icon Champions of good governance
      1202 16 / 17  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE leading lights of the local corporate governance scene were celebrated at the 11th annual Singapore Corporate Awards (SCA) on July 19 this year, the “Oscars” of the Singapore business world. At a glitzy ceremony at Resorts World Convention Centre,
      PHOTOS: KELVIN CHNG, GARY GOH  -  1,202 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Mothers, daughters, and the Noble Group rights issue
      2581 18  -  In a two-part series, we examine three trading points around a rights issue MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT WITH an additional half a billion US dollars just raised from a rights issue, Noble Group shareholders might yet see some light
      Source: SGX; PHOTO: REUTERS  -  2,581 words
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      105 18 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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      8 18 This series is brought to you by Cltl
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  • BANKING & FINANCE
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      Lock icon China steps up campaign to curb rising risks in financial sector
      907 19 Regulator resists lobbying to relax the rules governing bad-loan buffers BLOOMBERG Shanghai CHINA is stepping up efforts to rein in risks in the financial sector, curbing banks’ use of complex financial products and resisting lobbying to relax the rules
      BLOOMBERG; PHOTO: REUTERS  -  907 words
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      Lock icon Former Irish bankers jailed after longest criminal trial
      268 19 BLOOMBERG Dublin THREE former senior Irish bankers were sentenced last Friday to a total of more than eight years in prison in Dublin after being convicted of conspiring to defraud customers and investors during the financial crisis. Irish Life Permanent Plc’s former
      BLOOMBERG; PHOTOS: REUTERS  -  268 words
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      318 19 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      597 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AVERY DENNISON RBIS SINGAPORE PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****5234R ("the Company") NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 25 July 2016, the Resolutions
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      817 19 SMRT CORPORATION LTD (Company Registration Number: *****1855H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of SMRT Corporation Ltd (the “Company") will be held at The Star Theatre, Level 5, The Star Performing Arts Centre, 1
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  • ENERGY & COMMODITIES
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      47 20 AUGUST ISSUE OUT NOW! BEATTHERESTANDWIN THEFIRSTPRIZEWORTH OVER$4500! MANYMORE ATTRACTIVEGIFTSANDPRIZES TOBEWON.REGISTERNOW. REGISTRATIONENDS AUG10,2016 VISIT US AT: WWW.TORQUE.COM.SG/TOTM16 FOR MORE INFORMATION. Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      47 20 A U G 1 6 11THURSDAY SPH News Centre 9.00am to 5.00pm UNLEASH THE COLLABORATIVE EFFORT OF TEAMS FOR INCREASED ENGAGEMENT, PRODUCTIVITY AND RESULTS Trainer Dinah Leong P R I C E $620.60 To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops STJOBS LEARNING
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  • TECHNOLOGY
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      Lock icon Germany’s SAP takes on blockchain challengeby building on it
      871 21 Firm writing software for customers to connect blockchains to its Hana Cloud Platform, despite the tech’s potential to supplant some SAP products BLOOMBERG Frankfurt NEARLY 400 miles (644km) from its German headquarters, in the compu-ter-science hotbed of Potsdam, SAP SE’s engineers
      BLOOMBERG; PHOTO: REUTERS  -  871 words
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      Lock icon Hitachi invests in stem cell research to spur investor returns
      972 21 BLOOMBERG Tokyo WITH its network of tubes and petri dishes, Hitachi Ltd’s latest gizmo may look more like a mini laboratory inside a refrigerator than the growth engine that the Japanese technology company envisages. Its cabinet-sized stem cell incubator, unveiled
      BLOOMBERG  -  972 words
    • Article
      Lock icon Robots are actually helping to create more jobs
      345 21 BLOOMBERG Frankfurt IT’S not just about the labour that robots can save; it’s also how much they can create. Automation allows companies to reduce product costs and ultimately lower prices, which means more people can afford to buy what’s on sale, according
      BLOOMBERG  -  345 words
  • Page 21 Advertisements
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      64 21 INDIA COMES TO YOU AT SINGAPORE INTERNATIONAL INDIAN EXPO 2016 Suntec Convention Exhibition Centre Hall: 401-402 22ND 25TH SEPTEMBER 2016 110 AM -10 PM Exhibition Highlights: Over 160 exhibitors Lucky draw prizes Celebrity appearance Food, Fun Festivity Entertainment Cultural activities 5TH YEAR 1 FREE ENTRY Singaporeil INTERNATIONAL INDIAN EXP***** ORGANISED
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  • CONSUMER
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      Lock icon Under Armour founder pitches US$5.5b plan for Baltimore
      2222 22 The project, one of the largest in the US, will comprise 45 blocks in a city plagued by racial, economic tensions WP Baltimore IN THIS city, Under Armour’s logo is everywhere. Founder Kevin Plank has built a US$27 billion empire here of
      WP; PHOTO: BLOOMBERG  -  2,222 words
  • Page 22 Advertisements
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      22 22 SIGN UP FOR OUR FREE NEWSLETTER AND YOU MAY BE ON YOUR WAY TO I TOKYO! www.straitstimes.com/newslett wil* m w; SBl 'At
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      21 22 majulahmomentsRelivemets FORLOCAL POSTINGONLY POSTAGE PREPAID LIMITED EDITION COLLECTOR’S POSTCARD BOOK ONLY 1,500 COPIES PRINTED Available at good bookstores and www .stpressbooks.com.sg
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      47 22 V the purpose of keepsake is easy and fuss-free with the NewsMine service. SiBjS Find out more at Hi® newsmine.sg Q I :JW! Jjft. BT 0 The Straits Times My Paper Lianhc Zaobao Shin Min Daily News The New Paper Lianhe The Business Times Bcrita Harian Wanbao
      47 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon India to airlift workers facing ‘food crisis’ in Saudi Arabia
      537 23 Many ‘starving’ in camps with no way of returning home after being laid off as low oil prices hit Saudi economy REUTERS AFP New Delhi INDIA said on Sunday it will send a government minister to Saudi Arabia to try
      REUTERS; AFP  -  537 words
    • Article, Illustration
      Lock icon Tokyo gets its first female governor
      594 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo TOKYO elected its first ever female governor on Sunday as former defence minister and environment minister Yuriko Koike beat two main rivals for the position, despite the fact that Prime Minister Shinzo Abe’s ruling Liberal Democratic Party (LDP), to
      PHOTO: REUTERS  -  594 words
    • Article
      Lock icon Gunman in Austin, Texas, kills one woman, wounds 3
      396 23 REUTERS Austin A GUNMAN killed a woman and seriously wounded three others in Austin early on Sunday when he shot into a crowd as people streamed out of nightclubs in the Texas capital’s downtown area, police said. The unidentified gunman opened
      REUTERS  -  396 words
    • Article
      Lock icon Saudi Arabia’s oil demand growth at six-year low as economy sputters
      575 23 BLOOMBERG Doha OIL consumption in Saudi Arabia, the world’s biggest crude exporter, is expanding at the slowest pace in at least six years as low energy prices hurt economic growth. The kingdom’s demand for oil increased by an average
      BLOOMBERG  -  575 words
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      Lock icon Turkey culls nearly 1,400 from armed forces, purges army panel
      633 23 REUTERS Ankara TURKEY dismissed nearly 1,400 members of its armed forces and stacked the top military council with government ministers on Sunday, moves designed by President Tayyip Erdogan to put him in full control of the military after a failed
      REUTERS  -  633 words
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      Lock icon Japan set to take synchronised monetary, fiscal policies to new levels: economists
      754 24  -  Some say the aim is to “let the government do the spending while the central bank pays the bill” By Anthony Rowley btworld@sph.com.sg Tokyo MARKETS turned the spotlight last Friday on the Bank of Japan (BOJ) where performance
      754 words
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      Lock icon May pledges new action to tackle ‘barbaric evil’ of modern slavery
      428 24 REUTERS London PRIME Minister Theresa May set out a drive to tackle modern slavery in Britain on Sunday, pledging more funding and a new cross-government task force to help stamp out what she called a “barbaric evil”. She made
      REUTERS  -  428 words
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      Lock icon India should rethink basis of inflation target
      833 24  -  COMMENTARY By Mihir Sharma BLOOMBERG New Delhi ANY day now, India’s government is set to announce an official inflation target for the first time a major step in the modernisation of its economic institutions, particularly the central bank. The idea has been proposed
      BLOOMBERG; PHOTO: BLOOMBERG  -  833 words
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      Lock icon UK, China regulators discuss framework for financial projects
      668 24 REUTERS Hong Kong BRITISH and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last
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  • TRANSPORT
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      Lock icon VW, California regulator start testing pollution fix in diesel cars
      726 25 Carmaker’s proposed fixes, if approved, could help it avoid buying back as many as 475,000 diesel cars sold in the US REUTERS Los Angeles VOLKSWAGEN AG (VW) and the California Air Resources Board (Carb) will begin testing hardware and software
      REUTERS; PHOTO: AFP  -  726 words
    • Article
      Lock icon Toyota trails Volkswagen in H1 global car sales
      285 25 AFP Tokyo TOYOTA is in danger of losing its crown as the world’s biggest carmaker this year as sales fall behind those of German rival Volkswagen (VW), new figures showed last Thursday. The Japanese giant, which has held the title for four
      AFP  -  285 words
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      Lock icon China legalises ride-sharing services
      380 25 AFP Beijing CHINA has announced new rules governing ride-sharing services, making clear for the first time that they are now legal in a giant market where US-based Uber is at loggerheads with local rival Didi Chuxing. China has become the world’s largest online car-hailing market, Vice-Minister
      AFP; PHOTO: REUTERS  -  380 words
    • Article, Illustration
      Lock icon British Airways parent cuts capacity, reviews spending on Brexit
      577 25 BLOOMBERG London BRITISH Airways parent IAG SA will cut capacity and put spending under review in the wake of the UK’s decision last month to quit the European Union, with the uncertainty depressing profit growth this year. Operating profit excluding onetime
      BLOOMBERG  -  577 words
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      210 25 Show Me the Money writes about the important economic concepts and investment strategies applicable to stocks investments. Using actual case studies and data, the book illustrates how these strategies worked for the Singapore market over the years. The painful lessons to learn and pitfalls are highlighted as well. The book
      210 words
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      22 25 www.omy.sg SCAN READ BSi?0 i? 0 @iifestyle.omy.sg Chinese Language Content mmsrn? 3 things to look out for in the month of August!
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      29 25 How much money have you made on your home? I I T 1 my Capital Gain $104,000 (12.68%) S-100K 2008 2009 2010 2011 2012 2013 2014 2015 2016 SRX.com.sg/property-tracker
      29 words
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  • Page 26 Advertisements
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      1938 26 THE BUSINESS TIMES Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC MUA KK JKT POSITIVE PIONEER 104 100 3/8 5/8 7/8 MALAYSIA STAR 61 50 9/8 10/8
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      245 26 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 296 PRW013 02/08/2016 03/08/2016 Pelindo/Perawang DAILY Marco Polo 888 BST260 02/08/2016 03/08/2016 Buatan/Buatan DAILY Marco Polo
      245 words
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  • DINING OUT
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      Lock icon Meat dishes pack a punch
      1080 27  -  Salted Hung’s carnivorous options come up tops while its seafood leaves much to be desired. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Salted Hung 12 Purvis Street Tel: 6358 3130 Open for lunch and dinner Mon to Fri: 12pm to 2.30pm; 6pm
      1,080 words
  • Page 27 Advertisements
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      55 27 STAY RELEVANT With experience, you learn. But you can also learn to gain experience. Continue learning at www.stjobs.sg/learning. ]fe*STJOBS LEARNING i 4 it Jlr.l rvJ i m i n BOOTCAMPS WORKSHOPS Vs OV»«« ..<• -VSt**' W\w M M# P erM* S llJuKW" v»r£W*W\ SSV> > 6W- tSS- ’JJi-tr*®* crf''3 Jb
      55 words
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  • LIFE & CULTURE
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      Lock icon Teaching children the life skill of cycling
      393 28  -  Millennium Hotels and Resorts staff volunteer to help kids ride safely By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TWENTY underprivileged children spent their Saturday morning learning a life skill cycling as part of OCBC Cycle 2016’s “Teach A Child to Cycle” programme. The children
      393 words
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      Lock icon New hope for Taiwan’s aboriginal tribes
      486 28 AFP Taitung City, Taiwan FOR Tama Talum of Taiwan’s aboriginal Bunun mountain people, hunting is a way of life, integral to his tribal customs but after his arrest for killing a deer and goat on land near his village, he fears those traditions will
      AFP; PHOTO: AFP  -  486 words
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      Lock icon Hamilton extends lead over Rosberg with German GP win
      478 28 REUTERS Hockenheim LEWIS Hamilton cruised to an unchallenged victory in Sunday’s German Formula One Grand Prix to extend his lead over Mercedes team mate Nico Rosberg at the top of the world championship standings. Hamilton seized the advantage at the start
      REUTERS  -  478 words
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      Lock icon Fans celebrate as Harry Potter magic hits Asia
      572 28 AFP Singapore HARRY Potter magic hit Asia on Sunday morning, as aspiring witches and wizards crowded into bookstores to get their hands on the first copies of a new play that imagines the hero as an adult. Launch parties for Harry Potter
      AFP; PHOTO: AFP  -  572 words
  • Page 28 Miscellaneous
    • Miscellaneous
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      350 28 CRYPTIC CROSSWORD Across 1 Scholarly fellows who may communicate in writing? (3,2,7) 9 Agent taking money abroad I am bound to get ticking-off (9) 10 The emotions leaving a French port (5) 11A wife guarding American state house carelessly (6) 12 Plain area with lots of apartments? (8) 13 Who
      350 words