The Business Times, 4 August 2016

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Microfilm: NL33935
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, August 4, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    190 1 with about S$1 billion in Singapore oil-and-gas bonds due by next year, fears are building that Swiber’s collapse will trigger a domino effect on its peers. TOP STORIES 2 Shares in Noble Group continue to fall on Wednesday in heavy trading as investors sold the rights shares ahead
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  • Article, Illustration
    Lock icon CPF to offer low-fuss, low-cost investment scheme
    1141 1  -  Govt also accepts recommendations for escalating payout option for CPF Life and review of CPF Investment Scheme By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore WITH a proposal for a new low-fuss, low-cost investment scheme, the CPF Advisory Panel is hoping to finally solve the
    Source: Ministry of Manpower; FILE PHOTO  -  1,141 words
  • Article
    Lock icon Corporate governance scores are at a high, but concerns remain
    873 1  -  Singtel, DBS Group, SGX top rankings; but panellists point to governance shortfalls among lower-ranked companies By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore SINGAPORE companies have achieved record-high scores in the annual corporate governance scorecard which gives reason enough to cheer, except
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  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,827.58 -29.09 KL COMP 1,648.50 -11.73 NIKKEI 225 16,083.11 -308.34 HANG SENG 21,739.12 -390.02 SHENZHEN B 1,148.44 +3.21 DOW (11.45AM EDT) 18,331.54 +17.77
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      9 1 8 "887 1 8 1 *****1 TI1E BUSINESS TIMES
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      23 1 SINGAPORE-US RELATIONS Buoyed by friendship and humour TOP STORIES 4 Long-term, low-cost investment proposal could be a hard sell for CPF, Page 2
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      50 1 SWIBER FALLOUT Oil and gas sector facing S$1b bond redemptions by next year top stories 2 HOT STOCK Noble shares fall for second day COMPANIES MARKETS 5 Full Singapore Governance Transparency Index rankings and commentary, Pages 10-11 Honouring towkays who aspire to inspire BT Salutes Enterprise. In your BT tomorrow
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  • TOP STORIES
    • Article
      Lock icon Oil and gas sector facing S$1b bond redemptions by next year
      816 2  -  Fears of domino effect from Swiber’s collapse piling up; issuers could face refinancing challenge: OCBC research SWIBER FALLOUT By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WITH about S$1 billion in Singapore oil-and-gas bonds due by next year, fears are building
      816 words
    • Article
      Lock icon Long-term, low-cost investment proposal could be a hard sell for CPF
      897 2  -  COMMENTARY By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore THE CPF Advisory Panel’s proposal for a low-cost “Lifetime Retirement Investment Scheme’’ (LRIS) is broadly similar to one that was first mooted more than a decade ago, in the form of a
      897 words
    • Article
      Lock icon Lum Chang buying The Verge for redevelopment
      1009 2  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore LUM Chang Holdings has signalled its intention to re-enter the Singapore property market in a big way by inking a deal to buy The Verge in Little India. The mainboard-listed construction and property group said on Wednesday
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    • Article
      Lock icon Brexit impact flowing through to S’pore PMI
      601 3  -  July Nikkei PMi at 50.7, down 1.6 from June; economists say uncertainty over divorce terms continues to be a drag By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore IN what could possibly be an early sign of how the United Kingdom’s vote to leave the
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    • Article
      Lock icon COE premiums mixed in 1st tender for period with fewer COEs
      433 3  -  By Samuel Ee samuelee@sph.com.sg Singapore CERTIFICATE of entitlement (COE) premiums were flat in the first tender of the August-to-October quota period, which has 10 per cent fewer COEs. Two categories inched up, and the other three slipped. Category A,
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    • Article, Illustration
      Lock icon Obama determined to push TPP through
      730 4  -  He says China’s rules will apply if US fails to establish high standards for trade in Asia-Pac SINGAPORE-US RELATIONS Stories by LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Washington, DC THERE are just five months to go until Barack Obama steps down from office, but the US
      PHOTO: REUTERS  -  730 words
    • Article, Illustration
      Lock icon A grand state dinner buoyed by friendship and humour
      899 4 IT was an exceptional night that Prime Minister Lee Hsien Loong and all of Singapore won’t forget in a hurry. US President Barack Obama and First Lady Michelle laid out the red carpet as they welcomed Mr Lee and his wife
      PHOTO: AFP  -  899 words
    • Article, Illustration
      Lock icon PM Lee expresses hope that US engagement in Asia will continue
      702 4 SINGAPORE hopes that the US will continue its rebalancing towards Asia and remain actively engaged in the region for years to come, said Prime Minister Lee Hsien Loong in Washington on Tuesday (Wednesday morning, Singapore time). Speaking at a
      PHOTO: AFP  -  702 words
    • Article
      Lock icon India Parliament to vote on new sales tax
      429 4 REUTERS New Delhi INDIA’S Upper House of Parliament kicked off a debate on a major tax reform on Wednesday that lawmakers were expected to back in a vote later on, as Finance Minister Arun Jaitley faced a call from the opposition not
      REUTERS  -  429 words
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      Lock icon Page 3 Advertisements Column 1
      348 3 The City’s New y Capital Tops Out S S S RESIDENCES. OFFICES. RETAIL. HOTEL. DUO marks a historic occasion as the premier integrated development tops out and begins the transformation of the Ophir-Rochor district. Set to welcome residents, office tenants, hotel guests and visitors alike when completed in 2017, DUO’s
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Noble shares fall for second day ahead of rights shares listing
      607 5  -  Stock, which lost 18.5% of its value in just two days, was the most heavily traded on Wednesday with 319 million shares worth S$41 million changing hands HOT STOCK By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES in Noble Group
      Source: Bloomberg  -  607 words
    • Article
      Lock icon Higher taxes erode Q1 DPU for RHT Health Trust
      458 5  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore HIGHER corporate taxes in India and higher finance costs ate into first-quarter distributable income for Religare Health Trust, which late last month renamed itself RHT Health Trust. Net profit sank 13.2 per cent to S$10.7
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    • Article
      Lock icon Are there other Swibers lurking in DBS’s balance sheet?
      567 5  -  COMMENTARY By Christopher Langner BLOOMBERG DBS can expect some serious questioning when it announces quarterly earnings next week. Investors may want to ask exactly how deep Singapore’s biggest lender is into the oil-rig business, and just how bad the situation is
      BLOOMBERG  -  567 words
    • Article, Illustration
      Lock icon BreadTalk’s Q2 profit crumbles 54.8% to S$1.3m
      437 5  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore A DIP in revenue, as well as an increase in expenses and taxation, weighed down the results for BreadTalk Group for its second quarter. Net profit plummeted 54.8 per cent to S$1.3 million from the previous year,
      ST FILE PHOTO  -  437 words
    • Article, Illustration
      Lock icon SGX formal offer for Baltic Exchange could be in soon
      628 6  -  BT understands that any such offer by SGX would be submitted by end-August By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore Exchange (SGX) is reportedly preparing a formal offer to buy London’s Baltic Exchange and The Business Times understands that
      PHOTO: REUTERS  -  628 words
    • Article
      Lock icon Singtel adds suite of new services to its cloud portfolio
      315 6  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore AS part of its overall managed cloud offerings, Singapore Telecommunications (Singtel) has added a suite of hybrid cloud solutions to its cloud portfolio, which it hopes will help customers to execute their “digital
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    • CORPORATE DIGEST
      • Article
        Lock icon Otto Marine
        87 6 DIVERSIFIED offshore marine player Otto Marine said after Wednesday trading hours that it has started arbitration proceedings through its lawyers, Rajah Tann Singapore LLP, against Robert Knutzen Shipholdings Ltd (RKSL) for alleged default on charter parties. RKSL allegedly took delivery of and operated two vessels under Otto Marine’s
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      • Article
        Lock icon k1 Ventures
        133 6 INVESTMENT income from k1 Ventures’ portfolio company Knowledge Universe Holdings (KUH) boosted results for the investment holding company for its full financial year. Earnings leapt 463.9 per cent to S$140.6 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening. For the
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      • Article
        Lock icon Acromec Ltd
        84 6 SGX Catalist-listed Acromec Limited, an engineering service provider in the field of controlled environments that mainly serves the healthcare, biomedical, research and academia sectors, won a contract worth S$10.3 million on Wednesday. This contract involves the fitting out of a Class 100 research cleanroom at Fusionopolis for an
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    • Article, Illustration
      Lock icon Living a rejuvenating work life at OCBC
      301 6  -  By Tan Effie taneffie@sph.com.sg Singapore “YOU are never too old to set another goal or to dream a new dream.” CS Lewis Employees aged 50 and above at OCBC Bank in Singapore might find this quote relatable in time to come, as the
      PHOTO: OCBC  -  301 words
    • Article, Illustration
      Lock icon Better for CCT to redevelop Golden Shoe site sooner
      871 7  -  HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT SPECULATION has resurfaced lately that CapitaLand Commercial Trust (CCT) could soon begin a redevelopment of Golden hoe Car Park (GSCP), located in a prime spot in the traditional Raffles Place financial district. Rumours
      ST FILE PHOTO  -  871 words
    • Article
      Lock icon Investor confidence in S’pore takes a hit, post-Brexit
      563 7  -  By Renald Yeo yrenald@sph.com.sg Singapore DIVERSIFICATION in one’s portfolio will be key to navigating an uncertain and volatile global economy following Britain’s historic vote in June to leave the European Union (“Brexit”), a survey has found. The latest iteration of a half-yearly
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    • Article
      Lock icon M&C posts 11.6% drop in Q2 profit to £38m
      418 7  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore MILLENNIUM Copthorne Hotels (M&C), the London-listed hotel arm of Singapore’s City Developments Limited, posted an 11.6 per cent drop in profit before tax to £38 million (S$68 million) in its second quarter, while revenue inched
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    • Article
      Lock icon StarHub rings in 9.6% rise in Q2 earnings
      911 7  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore STARHUB on Wednesday posted a 9.6 per cent increase in net profit for the second quarter ended June 30, 2016, to S$108.6 million from S$99.1 million in the year-ago period. This came despite a 0.6
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    • Article
      Lock icon Jinjiang Environment makes debut on SGX mainboard
      322 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CHINA Jinjiang Environment Holding Co Ltd made its debut on the Singapore Exchange (SGX) on Wednesday, trading a tad lower than its offer price. The counter opened at S$0.885, below its initial public offering (IPO) price of
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index Aug 3,2016 2,827.58 -29.09 (-1.02%) Current streak 2 days Day high 2,839.43 Day low 2,810.88 52-week high 3,196.66 (Aug 6, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Aug 3,2016 436.99 +2.29 (+0.53%) Current streak 1 day Day high 437.15 Day low
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 77.7 0.4 *****/***** DBS Bk 4.7% NCPS ***** 40.0 0.4 *****/***** Lyxor Asia US$ 498 20.1 3.1 498/388 HPL 350 10.0 2.9 396/323 DairyFarm USD 677 9.4 1.0 804/556 BY PERCENTAGE CLOSE UP 52w high/low Cedar Strategic 0.3 50.0 0.1
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 4090 -177.0 -4.1 4520/2636 DBXT MSKorea US$ 5627 -175.6 -2.3 5758/4478 SPDR S&P500 US$ ***** -170.2 -0.6 *****/***** Great Eastern 2086 -100.0 -4.6 2332/1870 DBXT Nifty US$ ***** -85.8 -0.5 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -50.0 -0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE Epicentre 4,800.0 0.180 +0.025 +16.13 PSL 67.2 0.490 +0.090 +22.50 CPH 2,792.9 0.005 +0.001 +25.00 CMC Infocomm 181.7 0.061 +0.011 +22.00 Fuxing China 27.5 0.360 +0.050 +16.13 Foreland FabriT 2,221.0 0.022 -0.002 -8.33 SingMedical 3,148.6 0.193 +0.012 +6.63 Matex Intl 50.0 0.020 -0.005 -20.00 Ezion
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    • Article, Illustration
      Lock icon Post-Brexit rally runs out of steam
      680 8 ST Index jumps 216 points from June 27 to July 20, and has shed 118 points since then STOCKS THE global post-“Brexit” rally appears to be fast running out of puff on Tuesday, the Dow Jones Industrial Average which set several all-time highs last
      Source: Bloomberg  -  680 words
    • Article
      Lock icon STI STOCKS
      313 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 cd -4 250/246 257 209 6.2 6487.8 CapitaCom Trust 152 unch 153/150 158.5 122.5 5.7 4495.2 CapitaLand 315 -5 318/311 340 267 12.6 2.9 *****.9 CapitaMall Trust 212 -4 214/210 225
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    • Article
      Lock icon MOST ACTIVE
      32 8 VOLUME Noble 319,364,200 Ezra 111,703,200 HSI*****MBeCW*****9 57,460,000 Ezion 42,249,800 Singtel 34,791,700 Market volume 1,577,395,000 VALUE UOB 187,893,117 Singtel 140,470,156 DBS Grp 90,048,050 OCBC Bank 81,166,485 Noble 41,128,309 Market value 1,303,065,000
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    • Article
      Lock icon SGX ETFs Most Active
      110 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 285 -1 1179 286/283 324/254 284/285 DBXT MSPHILS US$ US213.7 -6 188 219/213.7 222.5/158.5 213.7/214.6 17.1 IS ASIA HYG US$ US1104 +3 94 1104/1103 1104/977 1101/1105 IS Asia BND US US1101 +1 93 1101/1101
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 3 VALUE CLOSE BT OB/OS -645.00 -105.00 BT CADI -*****.00 -22.00 BT 10-day MA -*****.00 -64.00 FTSE ST Mid Cap 674.54 -0.25 FTSE ST Small Cap 381.55 +1.89 FTSE ST All Share 690.02 -5.13 FTSE ST China Top 156.04 -1.30 FTSE ST China 185.44 -3.07 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Aug 3,2016 690.02 -5.13 (-0.74%) Current streak 2 days Day high 691.43 Day low 686.22 52-week high 765.74 (Aug 6, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Aug 2,2016 1,671.01 -11.27 (-0.67%) Current streak 2 days Day high 1,679.14 Day low 1,664.40 52-week high 1,883.89 (Aug 10, 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 7 5 2 1 0 0 8 5 2 Manufacturing 33 42 27 7 8 12 40 50 39 Commerce 17 14 12 6 2 4 23 16 16 Tpt/Stor/Comms 10 10 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,270 118 21,388 71,035 21 71,055 Manufacturing 98,365 36,070 134,435 113,504 958 114,462 Commerce 351,137 58,081 409,218 131,408 1,785 133,192 Tpt/Stor/Comms 194,130 1,485 195,615 231,411 147 231,558 Finance 38,408 100 38,508 380,545 15 380,560 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Sembcorp Industries Buy
        170 8 Target price: S$3.07 Aug 3 close: S$2.74 OCBC Investment Research, Aug 3 STRIPPING out one-off items, we estimate core net profit fell by about 37 per cent year on year to S$125 million in Q2 2016, such that H1 2016 core net profit accounted for 55 per
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      • Article
        Lock icon Sembcorp industries Hold
        165 8 Target price: S$2.66 Aug 3 close: S$2.74 CIMB, Aug 3 SINGAPORE’S profit was slightly below our expectation. Spark spread was marginally weak (est.-S$6 to S$7/MW), in line with lower power prices. The biggest profit drop came from water segment (-33 per cent quarter on quarter) as a
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      • Article
        Lock icon ARA Asset Management Buy
        139 8  -  Compiled by Melissa Tan Target price: S$1.76 Aug 3 Close: S$1.345 DBS Group Research, Aug 3 FLUSH with proceeds from the recent rights issue, ARA Asset Management is well positioned to capture assets under management (AUM) through the launch of new fund products with capital partners.
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    • Article
      Lock icon CALENDAR
      9 8 DATA I Aug 4 US initial jobless claims
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    • Article
      Lock icon US$ struggles near 6-week lows
      402 9 CURRENCIES REUTERS London THE US dollar struggled to break away from six-week lows against a basket of currencies on Wednesday, kept under pressure by the view that the US Federal Reserve will raise interest rates later rather than sooner. The greenback had been on its
      REUTERS  -  402 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.998 5.034 0.677 5.892 50.849 99.659 0.767 8.480 3.081 1.056 79.499 35.717 1.018 10.679 0.734 24.075 26.478 0.570 0.759 Canada 1.002 5.047
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0175 1.0188 0.7592 0.7597 Canadian dollar 1.0201 1.0211 0.7614 0.7612 Euro 1.5024 1.5038 1.1210 1.1214 NZ dollar 0.9635 0.9646 0.7189 0.7193 Sterling pound 1.7855 1.7870 1.3323 1.3326
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 3 S$ Bid Offer 1-month 1.3401 1.3413 2-months 1.3405 1.3414 3-months 1.3407 1.3416 6-months 1.3413 1.3424 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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        Lock icon DOW JONES
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        Lock icon NIKKEI
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        207 9 Aug 3 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 5.7 -2.4 ***** 0.0 1 HSI ***** MB ePW*****9 14.7 2.3 ***** 0.0 1 DBS MB eCW*****1 4.1 -0.4 ***** 0.1 1620 2
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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 Aug 2 Index Change Change Change Change Change Change World Preliminary 1288.4 -1.0 0.8 -1.0 -3.3 -0.8 2.5 EAFE Preliminary 949.6 -1.4 -6.3 -0.9 -8.2 -0.7 -2.6 Europe Preliminary 1355.2 -1.4 -4.1
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        396 9 Aug 3 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9400.00 9445.00 9355.00 9380.00 *****6 *****0 Sep16 9405.00 9430.00 9352.50 9377.50 1800 1531 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec16 *****.00 *****.00 *****.00 *****.00 842 6309 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 3 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ 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 Aug 3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.28 99.31 99.30 5-Year NX*****X 2.250 01-Jun-21 103.75 103.77 103.70 10-Year NX*****F 2.125 01-Jun-26 102.24 102.35 102.10 15-Year NZ*****F 2.875 01-Sep-30 108.72 108.40 108.40 20-Year NZ*****X 2.250 01-Aug-36 99.66
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Aug-2 Price Net change change Last Trade Agricultural Aug-2 CBOT Soybeans (US cents/bu) 985.25 -10.75 -1.08% 12/8/2016 CBOT Soybean Oil (US cents/lb) 30.06 0.31 1.04% 12/8/2016 CBOT Wheat (US cents/bu) 401.25 -4.75 -1.17% 14/09/2016 Aug-2 LIFFE Cocoa (£/tonne) 2323.00 -33.00 -1.40% 15/09/2016 LIFFE Coffee (US$/tonne) 1826.00 8.00 0.44%
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    • Article
      Lock icon SGX MAINBOARD
      1764 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 145xd -1.5 371 146 143.5 0.9 7.8 924.1 Div 165.5 101 ARA Asset Mgmt 134.5cd +2.5 1676 135
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    • Article
      Lock icon SGX CATALIST
      160 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld Net 44.5 29.5 t Advancer Global 31.5 unch 509 31.5 31 12.5 54.5 High LOW Company 19.9 8.3 t Anchor Resources 11.3 +0.3 ***** 11.7 11
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    • Article
      Lock icon SGX ETF
      131 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 899 700 CIMBASEAN40 US$ US871 -13 1 884 871 136.6 3383 2355 DBXT China50 US$ US2927 -21 39 2949 2927 8 Day 1404 995 DBXT MSCHINA US$ US1221
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      57 5 Because sometimes you just need someone you can trust to discover your potential. Halkbank -with 78 years of experience- is the trusted choice of international investors. Halkbank is now in Singapore with its Representative Office. MX V V* Halkbank Singapore Representative Office 10 Collyer Quay, #40-09/10, Ocean Financial Centre, Singapore
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      69 6 Irf INDIA COMES TO YOU AT SINGAPORE INTERNATIONAL INDIAN EXPO 2016 22ND 25TH SEPT' 2016,10AM 10PM Suntec Convention Exhibition Centre, Hall: 401 -402 4 l i Exhibition Highlights: Over 160 exhibitors Lucky draw prizes Celebrity appearance Food, Fun Festivity Entertainment Cultural activities i v Singapore INTERNATIONAL INDIAN EXPO >Ol6 5TH
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  • SINGAPORE GTI 2016
    • Article
      Lock icon Singapore Governance and Transparency Index 2016 – the full rankings
      5720 10 Singapore Governance and Transparency Index 2016 the full rankings RANK 2016 COMPANY NAME BASE SGTI 2016 SCORE ADJUSTMENTS FOR BONUSES PENALTIES OVERALL SGTI2016 SCORE OVERALL GTI2015 SCORE RANK 2015 1 SINGAPORE TELECOMMUNICATIONS 93 31 124 118 1 2 DBS GROUP HLDGS 88 33 121 111 4 3 SINGAPORE EXCHANGE 91
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    • Article, Illustration
      Lock icon Enhancing corporate governance in Singapore companies
      834 11  -  2016 study sheds light on critical aspects of interested person transactions, stakeholder engagement By Lawrence Loh T The writer is director, Centre for Governance, Institutions and Organisations, as well as deputy head and associate professor of strategy and policy at NUS Business School, National
      Source: NUSCGIO  -  834 words
    • Article
      Lock icon SGTI 2016: How the scoring is done
      292 11 THE Singapore Governance and Transparency Index (SGTI) is a joint initiative of CPA Australia, NUS Business School’s Centre for Governance, Institutions and Organisations (CGIO), and Singapore Institute of Directors. The strategic media partner is The Business Times. The SGTI evaluates companies on their
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      71 12 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 Eight West Coast blocks picked for redevelopment
      616 13  -  Residents of 994 flats in Blocks 513 to 520 will be offered new flats at two different sites By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE government has identified eight blocks along West Coast Road for its “selective en bloc redevelopment scheme” (Sers), meaning
      Source: HDB  -  616 words
    • Article
      Lock icon SISV comes up with own indices to track suburban condos
      811 13  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore JOINING the bandwagon of index providers tracking residential price movements here, the Singapore Institute of Surveyors and Valuers (SISV) has come up with an index series to track resale transactions of completed condominiums in
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    • Article
      Lock icon CrimsonLogic, ASM introduce electronic service for issuance of building certificate
      325 13  -  By Tan Effie taneffie@sph.com.sg Singapore CRIMSONLOGIC and the Association of Strata Managers (ASM) jointly announced on Wednesday a new electronic service to simplify the issuance of the Section (S).47(1)(c) Certificate under the Building Maintenance and Strata Management Act (BMSMA). This
      325 words
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      Lock icon Vancouver’s ‘nightmare’ housing tax threatens foreign tech talent
      995 14 This is on top of among the highest housing costs and lowest wages in North America’s emerging technology hubs BLOOMBERG Vancouver VANCOUVER’S technology industry is in danger of becoming collateral damage in British Columbia’s push to rein in spiralling home prices. The
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    • Article, Illustration
      Lock icon Why US millennials find it harder to buy a home than their parents did
      1238 15  -  Younger generation hit by a double whammy: lack of both inventory and affordability By Michele Lerner WP Washington LAWRENCE Yun, chief economist of the National Association of Realtors (NAR) in Washington, has a natural inclination to
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    • Article
      Lock icon Househunt
      1263 15 Property transactions for districts 1 to 15 with contract dates between June 22 and June 28,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 24/06/2016 99 710 1500 2111 The Clift Apt 28/06/2016 99
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      114 13 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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      169 13 SYDNEY CBD PADDINGTON POTTS POINT SYDNEY HARBOUR EDGECLIFF CENTRE A TRULY CONNECTED SYDNEY INVESTMENT DARLING POINT EDGECLIFF CENTRE 203-233 New South Head Road, Edgecliff SYDNEY, AUSTRALIA EDGECLIFF DOUBLE BAY FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 5PM THURSDAY, 8TH SEPTEMBER 2016 (AEST) Prominent freehold asset comprising a neighbourhood shopping centre
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      187 14 MUST VIEW B1 4-STOREY INDUSTRIAL BUILDING IN EUNOS Potential additional of about 21,000sf to the side and front of the building Conversion of the void area on the 2nd floor by 4,300sf All floors served by cargo lift, 15 parking lots Near to Paya Lebar/Eunos MRT and expressways Land/Floor Area:
      187 words
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  • BANKING & FINANCE
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      36 16 Learn Mandarin Without Stress! newstalk.zaobao.sg Try out this Chinese language e-learning tool today. Three different introductory plans* available. Subscribe NOW! $120 for 12 months $84 for 6 months $48 for 3 months Terms and conditions apply.
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Mubadala award brightens up M’sia O&G sector
      706 18  -  Pegaga gas field’s front-end engineering and design contract awarded to Aker Engineering Malaysia By hweetan@sph.com.sg Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore ABU Dhabi-based Mubadala Petroleum has progressed a key field development off Sarawak to front-end engineering and design (Feed) phase, a move regarded
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      Lock icon Husky, Cnooc resolve Liwan gas dispute
      773 18 BLOOMBERG Calgary THE end of a dispute over prices from an offshore Chinese energy project resolves an overhang on shares of Husky Energy Inc and prospects for natural gas development in the Asian nation. Husky, the Canadian producer controlled by Hong Kong billionaire Li
      BLOOMBERG; PHOTO: BLOOMBERG  -  773 words
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      227 18 >3)1 ;:*5£ sC! s 'apn>l» 11 1 m •r“* PROPERTY SEMINAR 2016 I I w r Create Wealth by investing in Asia, Australia and UK in the challenging times ahead! Date Time Saturday Sunday 27-28 August 2016 11am to 5pm TOPICS SPEAKERS DAY 1 Saturday, 27 August 2016 Venue SPH
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon China’s robotics rush shows how its debt can get out of control
      1011 19 Dozens of cities plan robotics parks, even as the industry is already showing warning signs of overcapacity REUTERS Wuhu DOWN a side street bracketed by massage parlours and cheap hotels in this city on the banks of the
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      Lock icon Baidu, Tencent retreat from US$3b tie-up
      622 19 BLOOMBERG Hong Kong BAIDU INC and Tencent Holdings Ltd have pulled out of a US$ 3 billion venture with one of China’s richest men, barely two years after it was launched with the ambition of revolutionising mall shopping. China’s largest search engine and its
      BLOOMBERG; PHOTO: REUTERS  -  622 words
    • Article
      Lock icon Hacker creates new rating system for software security
      548 19 REUTERS San Francisco A FAMED hacker who nearly 20 years ago told the US Congress he could take down the Internet in 30 minutes is now going after the computer software industry, whose standard practices all but guarantee that most products will
      REUTERS  -  548 words
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      1521 19 NOTICES Dasti C-5 PUBLICATION NOTICE-I IN THE HIGH COURT OF DELHI AT NEW DELHI Notice under Order V Rule 20 Code of Civil Procedure Appeal against order dated 03.12.14 In CS(OS) 1700/2010 Passed by Hon’ble Mr. Justice S.P. Garg RFA(OS) 16/2015 C.M. No. 1831/2015 VIRTUAL STUDIO PVT LTD. (APPELLANT/S) Versus
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  • CONSUMER
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      529 20 NOTICES DEAL TRAVEL PTE. LTD. COMPANY REGISTRATION NO. *****6338C (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that a meeting of the creditors of the abovenamed company will be held at Nexus Auditorium, 5 Koek Road, #05-07 Cuppage Plaza, Singapore *****6 on the
      529 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon UK economy shrinking at fastest since ’09
      656 21 Unprecedented drop in Markit’s PMI raises the chances of the country sliding into at least a mild recession REUTERS London BRITAIN’S economy is shrinking at its fastest rate since the 2008-09 financial crisis, making a Bank of England (BOE) rate cut on Thursday
      REUTERS; PHOTO: REUTERS  -  656 words
    • Article
      Lock icon BOE chief to quantify impact on UK economy after Brexit vote
      435 21 BLOOMBERG London MARK Carney is about to put numbers on the gloom. Six weeks after Britain’s vote to leave the European Union sent shock waves across the nation, on Thursday the Bank of England (BOE) governor will present a
      BLOOMBERG  -  435 words
    • Article
      Lock icon Cabinet reshuffle: Abe signals priorities beyond Abenomics
      760 21  -  By Anthony Rowley btworld@sph.com.sg Tokyo IN A Cabinet reshuffle that appeared aimed primarily at ensuring the success of his Abenomics policies, Japanese Prime Minister Shinzo Abe also announced key appointments on Wednesday that hinted at his intention to press ahead with constitutional revision.
      760 words
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      Lock icon Thai central bank leaves key rate alone, sees higher risks to economic growth
      448 21 REUTERS Bangkok THAILAND’S central bank kept its key interest rate unchanged on Wednesday, as expected, saying current monetary policy still supports the country’s economic recovery. The Monetary Policy Committee (MPC) voted unanimously to leave the one-day repurchase
      REUTERS; PHOTO: REUTERS  -  448 words
    • Article
      Lock icon Malaysian democracy group plans protest rally over 1MDB
      213 21 REUTERS Kuala Lumpur MALAYSIAN democracy group Bersih plans to hold a protest rally to demand greater government accountability and action to tackle a multi-bil-lion-dollar scandal at state fund 1MDB, an official of the group said on Wednesday. The US Justice Department filed
      REUTERS  -  213 words
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  • TRANSPORT
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      Lock icon Jakarta pins hopes on underground transit system
      821 22  -  It may enable Jakarta to avoid the worst of the complete gridlock that will hit the city by the end of the decade, according to MRT planners By Jeff Hutton btworld@sph.com.sg Jakarta WITH their impressive names and heft to match, a lot is
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    • Article
      Lock icon ANA cites terrorism, strong yen and earthquakes as Q1 profit tumbles 20.7%
      496 22 AFP Tokyo THE parent company of Japan’s All Nippon Airways on Wednesday cited “terrorist incidents” in Europe and earthquakes at home for helping to drag its April-June net profit down more than a fifth. ANA Holdings posted a
      AFP  -  496 words
    • Article
      Lock icon Cruise ships a beacon for Germany’s KfW
      622 22 BLOOMBERG Hamburg THE call of the Caribbean is proving irresistible for Germany’s KfW Ipex, the development bank that funds the shipbuilding industry. After lending 1.1 billion euros (S$1.7 billion) to finance pleasure ships last year, including part of the funding for two new
      BLOOMBERG  -  622 words
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      Lock icon Foreign rail firms shunted as ‘Made in China’ mantra gathers pace
      493 22 REUTERS Shanghai FOREIGN firms say they are struggling to gain access to China’s vast railway market as the country, seeking to transform its domestic industry into an export powerhouse, tightens the bidding criteria on rail tenders. The complaints echo
      REUTERS; contracts. PHOTO: BLOOMBERG  -  493 words
    • Article
      Lock icon Emirates Airline flight crash-lands at Dubai airport: govt
      199 22 REUTERS Dubai AN Emirates Airline flight coming from India crash-landed and burst into flames on Wednesday at the Dubai International Airport, but all 275 passengers and crew escaped from the burning fuselage and were evacuated to safety, authorities said. Video purportedly of
      REUTERS  -  199 words
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      224 22 Are you missing out on trades that you should have gotten in for sizeable profits? The truth is that professional traders use simple tools and technical indicators to help them identify trends in the market, allowing them to make a “killing” in the market with that knowledge. Joinustolearnthesimpleandeasy-to-useapproach that can
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      912 23 THE BUSINESS TIMES rrm Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul
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  • OPINION
    • Article
      Lock icon Banks can sow goodwill during crisis – restructure debtors’ finances
      587 24 Banks can sow goodwill during crisis restructure debtors’ finances EDITORIAL THE going is tough for Singapore’s offshore marine services firms deemed the riskiest of the oil and gas sector with cheap oil, falling margins and less jobs having driven two listed entities to seek refuge from creditors under judicial management
      587 words
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      Lock icon Wiser to use foreign passport to enter China
      812 24  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1. LAST week, two Hong Kong journalists were sentenced to prison in China. The similarity of their case to that of the
      812 words
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      Lock icon Democracy’s left-behinds challenging the system
      1384 24  -  Western capitalist democracy is moving towards fear-driven politics, in face of faltering economies and an ineffective political class that’s out of touch. BY HUMPHREY HAWKSLEY touch.BY HUMPHREY HAWKSLEY T The writer, a former BBC Beijing bureau chief, is the author of “Democracy Kills: What’s So
      YALEGLOBAL ONLINE; PHOTO: BLOOMBERG  -  1,384 words
    • Article
      Lock icon Britain’s road to Brexit long and complex
      965 25  -  COMMENTARY By Charles Grant TThe writer is director of the Centre for European Reform. This is the second article in a two-part series on Britain’s transitional arrangements. ALONG with a first set of three deals (“Goodwill crucial in the long road to Britain’s
      965 words
    • Article
      Lock icon JTC must fulfil stated obligation of redeeming JCC-linked notes at par
      896 25  -  LETTER TO THE EDITOR Lim Hung Siang Chairman JTC Debenture Note 2003 Working Committee WE refer to “Jurong Country Club noteholders demand early redemption from JTC” (BT, July 1). We wish to clarify several key points made by JTC
      896 words
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      Lock icon Strong outlook for Singapore office sector in medium term
      1172 25  -  Supported by strong demand fundamentals in the longer term and with competition for space likely to intensify, the commercial real estate sector remains a compelling opportunity. BY STEVEN CRANWELL opportunity.BY STEVEN CRANWELL T The writer is managing director and head of
      PHOTO: LIM YAOHUI/ THE STRAITS TIMES  -  1,172 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Lauder finds artwork with cloudy provenance
      1203 26 He is surprised the piece which he didn’t identify, saying that talks on its return are being finalised has made it into the museum he co-founded NYT New York WHEN it comes to art plundered in Europe during World War II, Ronald Lauder, chairman
      NYT; PHOTOS: NYT  -  1,203 words
    • Article, Illustration
      Lock icon Top Gear looks to ‘Joey’ from Friends to salvage ailing show
      738 26 BLOOMBERG London IN the US television sitcom Friends, struggling actor Joey relies on a winning personality to compensate for his naivete, stumbling into everything from advertising gigs to dates. Now Matt LeBlanc, who played Joey, has lucked into a
      BLOOMBERG; PHOTO: BBC  -  738 words
    • Article
      Lock icon IOC berates anti-doping agency at meeting just before Games
      505 26 NYT Rio De Janeiro THE United States’ top Olympic official had his first formal forum on Tuesday to weigh in on the issue that is consuming global sports officials before the Rio Games: how to penalise Russia for doping violations and
      NYT  -  505 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      330 26 CRYPTIC CROSSWORD Across 1 Trap king with fine forged blade (8) 5 Called over by head of department to get order (6) 9 Perhaps Oliver in meeting with government’s leader, spinning (8) 10 Steven set off matches (6) 12 Walk around certain to be adored (9) 13 Film actor leaving
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      229 27 THE BUSINESS TIMES SS1.20 Sl£l A SINGAPORE PRESS HOLDINGS PUBLICATION WWW.bUSineSStimeS.COm.Sg G 03 @BusinessTimes I CO REGN NO *****2868E I MCI (P) 039/08/2015 nHsoooi 1 > Thursday, August 4, 2016 Rooted in Nature. Driven by Design. RJ .7 S3 I i A M '-v m, 4VA 2* w. I ■J;
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      462 28 ADVERTORIAL Celebrating Singapore was a grand experiment in 1976. The birth of a nation brought with it an unprecedented opportunity; a multicultural melting pot whose destiny was to be written by the dreams of its people. RISIS was a child of this generation, born after a scientist’s wife wished that
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