The Business Times, 11 August 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33935
Total Pages: 24
1 24 The Business Times
Page thumbnail Page 1
  • 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) 052/08/2016 Thursday, August 11, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    237 1 Singapore’s life insurance industry grew in Q2 on the back of an overall increase in uptake of non-linked products, which include endowment, whole life and universal life policies, IPs and IP riders.TOP STORIES 2 Private-equity firm AMTC’s statement last week that its deal with Swiber Holdings is still
    237 words
  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,875.57 +4.79 KL COMP 1,673.03 +1.32 NIKKEI 225 16,735.12 -29.85 HANG SENG 22,492.43 +26.82 SHENZHEN B 1,161.67 -0.30 DOW (11.45AM EDT) 18,494.53 -38.52
    27 words
  • Article, Illustration
    Lock icon O&M weakness likely to cloud debt recovery for Swiber creditors
    1193 1  -  Analysts cite two trends that raise the risk for creditors: drastic drop in vessel values and oil firms walking away from new or ongoing contracts By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE protracted downturn in the offshore and marine
    PHOTO: AFP  -  1,193 words
  • Article, Illustration
    Lock icon Consortium develops prototype blockchain application for banks
    598 1  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore BANK of America Merrill Lynch, HSBC and the Infocomm Development Authority of Singapore (IDA) announced on Wednesday that they have developed a prototype solution that could change the way businesses around the world trade with one
    Source: HSBC  -  598 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      73 1 8 "887 1 8 1 *****1 HOCK LOCK SIEW Clock is ticking for Noble to prove its business model is viable COMPANIES MARKETS 5 Jaeger-leCoultre Boutiques 2 Orchard Turn, ION Orchard, #02-08, Tel: +0.1 6510 2882, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2M-240, Tel: +65 6688 7003,
      73 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      28 1 PROPERTY MARKET Resale condo prices in CCR up 6.2% y-o-y: SRX REAL ESTATE 11 INTERNET OF THINGS Making sense of data to understand and reduce risk opinion 23
      28 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      12 1 Will AMTC be roped in to support Swiber’s JM application? Page 3
      12 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Q2 new business in S’pore life insurance up 20%
      453 2  -  LIA chief says significant growth in non-linked products comes on the back of a shrinking single-premium linked business caused by market uncertainties INSURANCE EARNINGS By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE’S life insurance industry grew in the second quarter on the
      453 words
    • Article, Illustration
      Lock icon Prudential’s H1 new-business activity in Singapore dips
      487 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore BRITISH insurer Prudential’s new-busi-ness activity in Singapore, measured on an European embedded value (EEV) and constant-exchange-rate basis, dipped in the first half of 2016. The annual premium equivalent (APE), a measure of new-business activity, for its Singapore
      PHOTO: BLOOMBERG  -  487 words
    • Article, Illustration
      Lock icon Central banks under pressure to extend stimulus
      903 2 BLOOMBERG Frankfurt WHEN central bankers pause for thought these days, there’s just one idea they’re unlikely to entertain: backing down. Take Haruhiko Kuroda, governor of the Bank of Japan. Having helped push his institution further into the realms of unconventional, reflationary stimulus than
      BLOOMBERG  -  903 words
    • Article, Illustration
      Lock icon Rates not a cure-all, says outgoing RBA governor
      629 3 BLOOMBERG Sydney GLENN Stevens used his final speech as central bank governor to try to shake Australia out of its torpor. The longer-term outlook he painted was fairly bleak: an extended period of low growth, debt-laden households with restricted borrowing capacity, monetary
      BLOOMBERG  -  629 words
    • Article
      Lock icon Will AMTC be roped in to support Swiber’s JM application?
      675 3  -  While some see it as being in the best interests of stakeholders, others are sceptical given AMTC’s role in Swiber’s aborted winding-up By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore LONDON-based private equity firm AMTC’s statement on Friday to The Business
      675 words
    • Article, Illustration
      Lock icon Divergence in business, consumer loan trends: is it worrying?
      605 4  -  Some economists say it is but others say it isn’t, pointing out that consumer loans have been stable, not spiking By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE gap between business and consumer loans growth may be widening, but economists are split
      Source: DBS  -  605 words
    • Article, Illustration
      Lock icon World’s security officials pledge to cooperate in fighting terrorism
      538 4 THE STRAITS TIMES Nusa Dua, Bali TERRORISM has increasingly become a transnational phenomenon as it respects no national boundaries, say top security officials from around the world, as they pledged to strengthen law enforcement and border management cooperation. The airports, seaports
      THE STRAITS TIMES; PHOTO: AFP  -  538 words
    • Article, Illustration
      Lock icon UK’s richest native-born person dies at 64
      382 4 BLOOMBERG San Francisco GERALD Cavendish Grosvenor, known as the Duke of Westminster, whose central London property holdings made him the UK’s wealthiest na-tive-born person, has died. He was 64. He died Tuesday afternoon at the Royal Preston Hospital in Lancashire after suddenly falling
      BLOOMBERG; REUTERS FILE PHOTO  -  382 words
    • Article
      Lock icon Bank of England’s expanded QE hits snag
      692 4 It seems investors are unwilling to part from their holdings of long bonds BLOOMBERG London THE Bank of England’s expanded quantitative-easing (QE) programme ran into a stumbling block on just its second day as investors proved unwilling to part with their holdings of
      BLOOMBERG  -  692 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      26 2 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
      26 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      436 3 CARING FOR SENIORS We have many schemes to support our seniors in their retirement. WHEN I NEED TO SEE THE DOCTOR Government Subsidies At all public hospitals, specialist outpatient clinics (SOC) and polyclinics WHEN I NEED HELP WITH LIVING EXPENSES Community Health Assist Scheme (CHAS) Subsidies for medical and dental
      436 words
Page thumbnail Page 4
Page thumbnail Page 5
  • COMPANIES & MARKETS
    • Article
      Lock icon Clock is ticking for Noble to prove its business model is viable
      813 5  -  HOCK LOCK SIEW BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT COULD Noble Group go the way of Swiber? So went whispers along corridors and among pantry conversations earlier this month as the group's shares plunged to an intra-day low of
      813 words
    • Article, Illustration
      Lock icon Sim Lian shoots up on privatisation offer
      348 5  -  HOT STOCK By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SHARES of construction and property development firm Sim Lian Group jumped 13.3 per cent or 12.5 cents on Wednesday to close at S$ 1.06 5 after it resumed trading. This followed Monday’s announcement of a
      Source: Bloomberg  -  348 words
    • Article
      Lock icon YuuZoo posts S$14.3m in Q2 earnings
      480 5  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CITING strong growth in e-commence and franchise sales, YuuZoo on Wednesday reported a surge in sec-ond-quarter earnings. The controversial social media, e-commerce and entertainment company posted a net profit of S$ 14.3 million for the three months
      480 words
    • Article
      Lock icon Barclays debunks popular theory on why hedge funds are struggling
      425 5 BLOOMBERG London BARCLAYS Plc has just debunked one of the most common narratives for why hedge funds are struggling to repeat the glory years. They found it is not the number of funds that’s causing returns to languish. It’s their
      BLOOMBERG  -  425 words
    • Article
      Lock icon New Silkroutes forms JV with UK consultancy
      320 5  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore NEW Silkroutes Group (NSG) said on Wednesday that it has formed a joint venture (JV) with the owners of Lon-don-based consulting firm Rubeus to provide solutions for risk and securi-ty-related matters in Asia. NSG exited Singapore Exchange’s
      320 words
    • Article
      Lock icon Straco Q2 profit falls 11.6% on lower revenue, forex losses
      466 6  -  Shanghai Ocean Aquarium and Underwater World Xiamen revenue lower; partial offset by Singapore Flyer By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WEIGHED down by currency exchange losses and lower revenue, Straco Corp turned in an 11.6 per cent slide in net
      466 words
    • Article
      Lock icon CNMC Q2 profit up 31% on higher gold production
      425 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore STRONGER gold production and higher average gold prices gave a fillip to earnings for CNMC Goldmine Holdings (CNMC) in its second quarter. Net profit grew 31 per cent to US$4.70 million from the year-ago period,
      425 words
    • Article
      Lock icon Swiber’s troubles show urgency is needed in fixing debt: consultancy
      539 6 SINGAPORE CORPORATE BONDS BLOOMBERG Singapore SINGAPORE’S offshore oil services companies and marine engineering firms are leaving it too late to reorganise finances to survive an industry slump, raising the risk of steep losses on their bonds, a debt restructuring consultancy
      BLOOMBERG  -  539 words
    • Article
      Lock icon Defaults in Singapore highlight the valuable role that ratings can play
      496 6  -  COMMENTARY By Christopher Langner BLOOMBERG CREDIT rating companies still haven’t fully shaken off the bad reputation they got during the 2008 financial crisis, in spite of increased transparency regarding their decision-making. Singapore is offering the perfect public relations how-not-to
      BLOOMBERG  -  496 words
    • Article
      Lock icon Vicom’s Q2 earnings fall on more vehicle deregistrations
      343 6  -  By Renald Yeo yrenald@sph.com.sg Singapore VEHICLE inspection and testing services provider Vicom has posted a 12.6 per cent drop in net profit to S$6.62 million for the second quarter as more vehicles were deregistered. Revenue for the three months ended June 30
      343 words
    • Article
      Lock icon Metro Q1 profit dives 74.1% to S$9.7m
      495 7  -  Lack of one-off gain, store closures affect overall bottom line for the group By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore DEPARTMENT store operator and property group Metro Holdings’ retail arm sank further into the red in its first fiscal quarter after it closed two
      495 words
    • Article, Illustration
      Lock icon Money managers smell a bargain as debt panic hits Singapore banks
      739 7 SINGAPORE BANKS BLOOMBERG Singapore THE recent drubbing in Singapore bank stocks is turning South-east Asia’s biggest lenders into bargains for money managers including Aberdeen Asset Management Plc. DBS Group Holdings Ltd lost S$3.6 billion in market value in seven
      BLOOMBERG; PHOTO: BLOOMBERG  -  739 words
    • Article
      Lock icon Singapore banks resilient despite O&G headwinds: Fitch
      534 7 Singapore SINGAPORE banks’ credit profiles should remain resilient despite the weaker operating environment, says Fitch Ratings. In an Aug 9 commentary, the rating agency said that the second-quar-ter results of the three local banking groups DBS Group, United Overseas Bank (UOB Bank) and
      534 words
    • Article
      Lock icon Asset quality remains a concern for DBS: analysts
      669 7 BLOOMBERG Hong Kong DBS GROUP Holdings chief executive officer Piyush Gupta’s robust defence of his bank’s handling of loans to Swiber Holdings has failed to ease some analysts’ concerns that more losses could emerge from financing the struggling energy-services industry. Following a
      BLOOMBERG  -  669 words
    • CORPORATE DIGEST
      • Article
        Lock icon Pacific Radiance
        138 7 PACIFIC Radiance said in a filing to Singapore Exchange on Wednesday that while a US$10.1 million sum of doubtful receivables in relation to Swiber’s implosion will have an impact on its net tangible assets and earnings per share for the financial year ending Dec 31, 2016, its cash
        138 words
      • Article
        Lock icon Aspial
        124 7 ASPIAL sank into the red in the second quarter ended June 30 with a net loss of S$6.34 million versus a net profit of S$270,000 a year ago, due in part to higher materials and subcontract costs. Revenue was 48 per cent higher at S$148.36 million. Loss per share
        124 words
      • Article
        Lock icon Otto Marine
        108 7 OFFSHORE marine group Otto Marine said on Wednesday that its subsidiaries Swordfish 5 and GO Offshore have each begun arbitration proceedings under the London Maritime Arbitrators Association Terms 2012 against Vettal Mega Services. This was over two bareboat charter party contracts. “Among other things, charterer has failed to
        108 words
    • Article, Illustration
      Lock icon STI / Catalist
      68 8 STI Catalist Straits Times Index Aug 10,2016 2,875.57 +4.79 (+0.17%) Current streak 2 days Day high 2,893.34 Day low 2,869.25 52-week high 3,153.06 (Aug 11, 2015) 52-week low 2,532.70 (Jan 21, 2016) 3,300 3,100 2,900 2,700 2,500 ftse ST Catalist index Aug 10,2016 438.68 -6.92 (-1.55%) Current streak 1 day
      68 words
    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 616.9 3.7 *****/9646 GLD US$ ***** 274.9 1.6 *****/***** DBXT E50 US$ 4497 214.6 3.7 5242/3918 DBXT Vietnam US$ 2346 75.1 2.4 2681/2017 Lyxor EM Mkt US$ 962 51.0 4.1 962/755 BY PERCENTAGE CLOSE UP 52w high/low Net Pacific
      77 words
    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low DBS Bk 4.7% NCPS ***** -92.0 -0.9 *****/***** Jardine C&C 4278 -32.0 -0.7 4520/2636 DBXT MSINDO US$ 1482 -25.5 -1.3 1534/911 IS MS INDIA US$ 726 -20.1 -2.0 772/575 Hyflux 6% CPS ***** -15.0 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Infinio
      76 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      86 8 VOL CLOSE($) CHANGE Net Pacific Fin 120.1 0.038 +0.015 +65.22 Raffles Edu 5,529.7 0.240 +0.040 +20.00 Ley Choon 200.0 0.030 +0.010 +50.00 Auric Pacific 1,316.0 1.010 +0.110 +12.22 Sim Lian 4,046.7 1.065 +0.125 +13.30 Pan Hong 219.5 0.198 +0.032 +19.28 Brook Crompton 20.1 0.330 +0.030 +10.00 Ryobi Kiso
      86 words
    • Article, Illustration
      Lock icon STI loses grip after re-piercing end-2015 level
      630 8  -  Hopes of ending session in the black for year evaporate as afternoon reversal pares Wednesday’s gain STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AN afternoon reversal in Hong Kong and the Dow futures and a soft opening Europe-wide possibly because of weak oil prices
      Source: Bloomberg  -  630 words
    • Article
      Lock icon STI STOCKS
      310 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 xd unch 249/242 257 209 6.3 6461.5 CapitaCom Trust 157 +1 157.5/154.5 158.5 122.5 5.5 4643.1 CapitaLand 326 +2 328/324 340 267 13 2.8 ***** CapitaMall Trust 218 -2 222/217 225
      310 words
    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME HSI*****MBeCW*****9 128,581,500 Noble 72,762,000 HSI*****MBePW*****9 60,725,000 Vallianz 35,080,900 SingMedical 30,573,600 Market volume 1,564,289,000 VALUE DBS Grp 160,678,673 Singtel 103,784,501 OCBC Bank 66,881,485 UOB 62,521,779 Ascendas Reit 43,023,174 Market value 1,292,400,000
      33 words
    • Article
      Lock icon SGX ETFs
      107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSRussia US$ US204 +5 176 205/203 208/129 204/205 STI ETF 291 +1 158 292/290 324/254 290/291 DBXT MSTHAI US$ US2045 +32 41 2045/2011 2045/1419 -/2061 Lyxor Taiwan US122.3 +2 33 122.3/121.9 122.3/90 -/-29.1 IS MS
      107 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 10 VALUE CLOSE BT OB/OS -424.00 +26.00 BT CADI -*****.00 -23.00 BT 10-day MA -*****.00 -43.00 FTSE ST Mid Cap 683.93 +3.88 FTSE ST Small Cap 382.99 +0.73 FTSE ST All Share 700.53 +1.43 FTSE ST China Top 159.01 +1.96 FTSE ST China 191.77 +2.45 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Aug 10,2016 700.53 +1.43 (+0.20%) Current streak 2 days Day high 703.27 Day low 699.51 52-week high 756.10 (Aug 11, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Aug 9,2016 1,694.98 +19.98 (+1.19%) Current streak 4 days Day high 1,695.79 Day low 1,674.17 52-week high 1,883.89 (Aug 10, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 5 0 1 0 5 5 5 Manufacturing 43 36 28 5 13 8 48 49 36 Commerce 16 15 14 3 5 4 19 20 18 Tpt/Stor/Comms 14 14 4
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,464 222 17,686 54,210 39 54,249 Manufacturing 92,707 17,756 110,463 112,552 879 113,432 Commerce 105,883 58,639 164,522 116,970 919 117,890 Tpt/Stor/Comms 119,532 640 120,172 235,658 64 235,722 Finance 36,502 584 37,086 320,046 90 320,136 Construction
      123 words
    • BROKERS’ TAKE
      • Article
        Lock icon China Aviation Oil (CAO) (Singapore) | Neutral (Downgrade)
        128 8 China Aviation Oil (CAO) (Singapore) Neutral (Downgrade) Aug 10 close: S$1.535 Target price: S$1.56 RHB Securities Research, Aug 10 We increase 2016-18 profit by 15-28 per cent to account for higher profit from SPIA (associate) and trading of other oil products. We used to value CAO using only DCF-based valuation
        128 words
      • Article
        Lock icon SMRT Corporation | Accept
        160 8 SMRT Corporation Accept Aug 10 Close: S$1.635 Target price: S$1.40 OCBC Investment Research, Aug 10 SMRT Corporation’s Q1FY17 revenue fell 2.0 per cent y-o-y to S$313.9 million due to declines recorded from core rail (-2.2 per cent) and bus (-4.4 per cent) operations. SMRT’s outlook remains unexciting and Q1FY17 results
        160 words
      • Article
        Lock icon Suntec Reit | Hold (Upgrade)
        201 8  - Suntec Reit Hold (Upgrade) Compiled by Andrea Soh Aug 10 close: S$1.76 Target price: S$1.68 CIMB Research, Aug 8 Suntec has entered into an agreement to acquire 50 per cent interest in Southgate Complex for A$289 million from Dexus Southgate Trust. The price is in line with the open-market valuation
        201 words
    • Article
      Lock icon US$ falls as investors reweigh chances of rate hike
      425 9 CURRENCIES REUTERS London THE dollar fell against a basket of currencies on Wednesday as investors re-evaluated whether the Federal Reserve will raise interest rates this year, which also sent the higher-yield-ing Australian dollar to its loftiest level since late April. The
      REUTERS  -  425 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.007 5.124 0.692 5.980 51.476 101.128 0.783 8.446 3.083 1.069 80.596 36.027 1.034 10.316 0.755 23.922 26.815 0.591 0.771 Canada 0.993 5.088
        471 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0338 1.0347 0.7709 0.7711 Canadian dollar 1.0264 1.0273 0.7656 0.7654 Euro 1.4943 1.4956 1.1143 1.1146 NZ dollar 0.9667 0.9678 0.7209 0.7213 Sterling pound 1.7484 1.7498 1.3038 1.3041
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 10 S$ Bid Offer 1-month 1.3408 1.3418 2-months 1.3410 1.3419 3-months 1.3412 1.3421 6-months 1.3414 1.3426 Source: OCBC
        22 words
      • Article, Illustration
        Lock icon HANG SENG
        2 9
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
        2 words
      • Article, Illustration
        Lock icon NIKKEI
        1 9
        1 words
      • Article, Illustration
        Lock icon DOW JONES
        2 9
        2 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        390 9 Aug 10 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9552.50 9590.00 9522.50 9555.00 ***** *****9 Sep16 9560.00 9572.50 9515.00 9547.50 3062 3511 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Dec16 *****.00 *****.00 *****.00 *****.00 100 6660 MSCI TAIWAN
        390 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 9 Most active Aug 10 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 8.9 -0.6 *****1 0.0 1 HSI ***** MB ePW*****9 8.5 -0.2 ***** 0.0 1 DBS MB eCW*****1 10 5368 0.1 1550 6 UOB
        206 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Aug 9 Index Change Change Change Change Change Change World Preliminary 1313.4 0.5 2.8 0.4 -1.3 0.6 4.1 EAFE Preliminary 973.9 0.9 -3.9 0.9 -6.4 1.2 -1.2 Europe Preliminary 1399.6 1.1 -0.9
        377 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 10 $S Offer Bid 0vernight 0.03 0.02 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.02 US$ 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
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Aug 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.42 99.45 99.41 5-Year NX*****X 2.250 01-Jun-21 104.2 104.30 104.22 10-Year NX*****F 2.125 01-Jun-26 103.1 103.30 103.08 15-Year NZ*****F 2.875 01-Sep-30 109.86 110.00 109.71 20-Year NZ*****X 2.250 01-Aug-36 101.33
        67 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Aug-9 Price Net change change Last Trade Agricultural Aug-9 CBOT Soybeans (US cents/bu) 1022.00 3.25 0.32% 12/8/2016 CBOT Soybean Oil (US cents/lb) 31.17 0.24 0.78% 12/8/2016 CBOT Wheat (US cents/bu) 417.00 unch 0.00% 14/09/2016 Aug-9 LIFFE Cocoa (£/tonne) 2390.00 -14.00 -0.58% 15/09/2016 LIFFE Coffee (US$/tonne) 1819.00 -6.00 -0.33%
        250 words
    • Article
      Lock icon SGX MAINBOARD
      1881 10 Transaction date: Aug 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 145 +0.5 467 146 143.5 0.9 7.8 924.1 Div 164 101 ARA Asset Mgmt
      1,881 words
    • Article
      Lock icon SGX CATALIST
      209 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld 0.6 0.1 t Advanced Systems 0.3 unch 555 0.3 0.1 7.9 44.5 29.5 t Advancer Global 33cd -1.5 1887 35 33 13.1 57.1 High Low Company
      209 words
    • Article
      Lock icon SGX ETF
      132 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3383 2355 DBXT China50 US$ US3017 +25 6 3027 3017 8.3 378 190 DBXT MSBrazil US$ US378 +2 5 378 378 1404 995 DBXT MSCHINA US$ US1253
      132 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      106 5 Taking binaries from 0 to 100 &c/f 9t» r *na 9 im °'>s 'Oso S/n ary (D '6.2 (5 New binary trading from CMC Markets Advanced charting, 100% automated execution and a cutting-edge platform that provides the ultimate binary trading experience. Visit cmcmarkets.com.sg or our Raffles Place office, or call
      106 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      196 6 Hosted by: Know Your Consumer: The Changing Face of Asian Beauty Across Asia, cross-cultural differences in the way beauty is conceived is evolving, busting conventions and spawning new trends. By 2019, the Asian beauty and personal care market will be worth a staggering USD 170 billion over a third of
      196 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      23 6 bird’s Eye view of tender jobs Check out the most comprehensive collection of tender notices in The Straits T imes Notices. 14/myj jun
      23 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      93 7 QD@PASIRPANJANG For Lease Only Brand New Just T.O.P 8 Storey High Tech building For light industrial offices 100H Pasir Panjang Road Singapore *****4 Modern corporate facade with stylish interior Sky terrace High ceilings (5m 6m) Ample basement carpark 24hrs access and security Walking distance from Pasir Panjang Labrador Park MRT
      93 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      71 10 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!
      71 words
Page thumbnail Page 11
  • REAL ESTATE
    • Article
      Lock icon Resale condo prices in CCR up 6.2% y-o-y: SRX
      857 11  -  In the near term, the rise should continue to be catalysed by non-traditional payment schemes: Savills Singapore By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore DESPITE a 0.5 per cent month-on-month decline in resale prices of condos and apartments in the Core Central
      857 words
    • Article
      Lock icon The Agape up for sale, guide price at S$8-10 million
      189 11 Singapore THE Agape, a three-storey building with a basement carpark, is up for sale by expression of interest, with a guide price in the range of S$8 million to S$10 million. Located at 21 Yung Ho Road, it is located
      189 words
    • Article
      Lock icon Land sales in China jump 25% by value
      156 11 REUTERS Shanghai THE value of land sales in China jumped 25 per cent in the first half of 2016 but the area sold edged up only 0.1 per cent, the People’s Daily newspaper reported on Wednesday, citing information obtained from the Ministry
      REUTERS  -  156 words
    • Article
      Lock icon NYC builders start micro-hotel brand for big gains
      957 12 But Arlo runs into established competition and headwinds in the hotel industry BLOOMBERG New York DEVELOPERS Oleg Pavlov and Seth Schumer just finished construction on two buildings in Manhattan. Now comes the hard part, as they try to get a new hotel
      BLOOMBERG  -  957 words
    • Article, Illustration
      Lock icon Keppel celebrates community month and Singapore’s birthday
      314 12  -  By Tan Effie taneffie@sph.com.sg Singapore AUGUST calls for a double celebration for Keppelites (a term the people at Keppel Land identify themselves with), as the month marks Singapore’s birthday and Keppel’s Community Month. Keppel organised an outing on Wednesday for about 80 beneficiaries
      314 words
    • Article
      Lock icon Financier Arif Habib excited by doubling land prices in Karachi
      813 12 BLOOMBERG Karachi PAKISTANI financier Arif Habib’s bet on Karachi’s real estate is paying off as land prices in the nation’s financial capital surge amid rising demand and an improving security situation. Prices for Mr Habib’s development in a 1,300-acre property
      BLOOMBERG  -  813 words
    • Article, Illustration
      Lock icon Japan’s property revival right at BOJ doorstep
      989 13 Real estate lending gathers pace after the central bank’s introduction of negative interest rates in January REUTERS Tokyo ANYONE visiting the Bank of Japan (BOJ) these days cannot miss the construction site across the street that takes up a whole city block, part
      REUTERS; PHOTO: REUTERS  -  989 words
    • Article
      Lock icon Househunt
      1440 13 Property transactions for districts 3 to 22 with contract dates between June 29 and July 5,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 3 NON-LANDED Ctl Green Cdo Apt 30/06/2016 99 926 1230 1329 Highline Residences Apt 04/07/2016 99
      1,440 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      156 11 Agency Licence No.: L*****36J KnightFrank.com.sg Corner 3-storey building with basement carpark (THE AGAPE) Located in Jurong at the junction of Yung Ho Road Yuan Ching Road, opposite Superbowl Zoned Commercial Residential, land 62,000sf approx, built-up 80,000sf approx Fully tenanted, suitable for Retail, F&B, Institutional other commercial uses Expression of Sale
      156 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      385 11 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
      385 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 3
      222 11 Offices for Lease W* Knight Frank Fragrance Empire Building at 456 Alexandra Road Contiguous floors from 1,000sf to 9,000sf Ready for immediate occupation Attractive rental rates available Ample car park lots and amenities Close to various foodcourts and cafes Covered walkway to Labrador Park MRT station and Alexandra Retail Centre
      222 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      1247 12 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices PQ&M Q M DENTAL GROUP (SINGAPORE) LIMITED (Company Registration No. *****0507R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the members of Q M Dental Group
      1,247 words
Page thumbnail Page 13
Page thumbnail Page 14
  • BANKING & FINANCE
    • Article
      Lock icon Japan megabank loan margins dive to barely 1%
      780 14 The BOJ faces criticism from bankers and lawmakers as evidence mounts that negative rates are doing little to spur credit growth BLOOMBERG Tokyo IT’S never been tougher for Japanese banks to make money from lending and the squeeze may worsen as traders
      BLOOMBERG  -  780 words
    • Article, Illustration
      Lock icon Australia’s Commonwealth Bank posts record profits
      641 14 AFP Sydney AUSTRALIA’S biggest bank, the Commonwealth, sounded a cautious note about the country’s economic outlook on Wednesday even as it posted a record A$9.23 billion (S$9.56 billion) in annual profit. The Commonwealth Bank’s performance is closely watched to provide guidance on the health
      AFP  -  641 words
    • Article
      Lock icon The big idea that won’t fix Europe’s bank problem
      756 14  -  COMMENTARY By Tyler Cowen BLOOMBERG Virginia EUROPE’S banks have had a rough year: Their stock prices have fallen so low that some observers wonder whether they are viable in their current form. Yet the most commonly proposed solution a true banking
      BLOOMBERG  -  756 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      521 14 NOTICES LOST SHARE CERTIFICATE(S) The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Tuan Sing Holdings Limited *****91/*****94 Estate of Lee Hiok Kwee Deceased -do-*****32/*****35 -do--do-*****25/*****27 -do--do-*****02/*****04 -do--do-*****47/*****60 -do--do-*****34/*****43 -do4 x 1,000 4 x 1,000 3 x
      521 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      213 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DALF PTE. LTD. (IN MEMBER’S VOLUNTARY WINDING UP) Company Registration No. *****0065R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
      213 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      15 14 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
      15 words
Page thumbnail Page 15
Page thumbnail Page 16
  • TECHNOLOGY
    • Article
      Lock icon Spyware deluge hits Vietnam sites amid China spat
      794 16 Malicious code disguised as anti-virus software has been found lurking in everything from govt offices to banks, major companies and universities BLOOMBERG Hanoi THE spyware used in cyber attacks on Vietnam’s major airports and national carrier last month is now suspected of
      BLOOMBERG  -  794 words
    • Article
      Lock icon Facebook develops free student-directed learning system
      639 16 NYT New York FACEBOOK is out to upend the traditional student-teacher relationship. On Tuesday, Facebook and Summit Public Schools, a non-profit charter school network with headquarters in Silicon Valley, announced that nearly 120 schools planned this autumn to introduce a free student-directed learning system
      NYT  -  639 words
    • Article, Illustration
      Lock icon The slow-game app is the new smoke break
      1021 16  -  By Amanda Hess NYT New York ALL around the world, millions of smartphone users are preparing for war. Pokémon Go has sent players scurrying outside their homes to hunt cartoon critters, chuck virtual balls at them, and then groom their captured characters
      NYT; PHOTO: AFP  -  1,021 words
    • Article, Illustration
      Lock icon Verizon’s car-tracking foray could spur more deals
      409 16 REUTERS New York VERIZON Communications Inc’s recent purchases of two vehicle-track-ing firms could spark more deals as the No 1 wireless provider and rival AT&T sees fleet management as a source of growth, analysts said. Faced with a saturated wireless market, several telecom
      REUTERS; PHOTO: AFP  -  409 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      551 17 BUILDING CONFIDENCE, INSPIRATION AND SUPPORT FOR WORKPLACE SUCCESS Who should attend: Senior and Middle Management, Supervisors, Business Owners, Marketing and Sales Professionals UNLEASH THE COLLABORATIVE EFFORT OF TEAMS FOR INCREASED ENGAGEMENT, PRODUCTIVITY AND RESULTS In today’s uncertain economic environment, teams are asked to do more with less. With resources stretched
      551 words
Page thumbnail Page 18
  • CONSUMER
    • Article, Illustration
      Lock icon Disney reshapes TV with US$1b streaming deal, ESPN online
      740 18 Shares down despite higher-than-forecast profit from motion-picture hits and theme parks BLOOMBERG Los Angeles WALT Disney Co reported third-quar-ter results that reflected tough times for its TV business and said it’s taking big steps in online video to adapt to changing
      BLOOMBERG; PHOTO: BLOOMBERG  -  740 words
    • Article, Illustration
      Lock icon New Mountain Day holiday seen giving US$8b boost to Japan economy
      796 18 WP Tokyo AS Japanese prepare to head for the hills on Thursday for their inaugural Mountain Day holiday, retailers and tourism operators are gearing up for an US$8 billion windfall. They’re counting on customers such as schoolteacher Ayako Kobayashi,
      WP; PHOTO: BLOOMBERG  -  796 words
    • Article
      Lock icon Cargill stops using human antibiotic to prevent disease in turkeys
      413 18 REUTERS Chicago US meat processor Cargill Inc has stopped using an important antibiotic for people to prevent disease in most of its turkeys, the company said on Tuesday, the latest food maker to drop the drug over concerns about the
      REUTERS  -  413 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      68 18 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
      68 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      20 18 Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
      20 words
Page thumbnail Page 19
Page thumbnail Page 20
  • TRANSPORT
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      283 20 As predicted, SREITS have been the outperforming sector since the historic Brexit referendum on 23 June. How will SREITS continue to fare for the rest of the year? How will SREITS fare when interest rates finally rises? Which are the defensive SREITS that should be in your investment portfolio? How
      283 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      13 20 Learn Mandarin Without Stress! newstalk.zaobao.sg Try out this Chinese language e-learning tool today.
      13 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 3
      32 20 m a j u l a h moments 50 Years of National Day Parades LIMITED EDITION POSTCARD BOOK 1,500 Only copies printed Available at good bookstores and www.stpressbooks.com.sg FORLOCAL POSTAGE PREPAID POSTINGONLY
      32 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      914 21 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
      914 words
Page thumbnail Page 22
  • OPINION
    • Article
      Lock icon Singapore’s next lap to rest on skilled workforce with effective leadership
      566 22 EDITORIAL THE story of Singapore in its first five decades has been one of defying the odds. As it faces its next half century, will it once again this time under markedly different circumstances stand out and prove exceptional
      566 words
    • Article, Illustration
      Lock icon Why there’re no women in China’s top leadership
      834 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN America, Hillary Clinton is calling on voters to break the highest and hardest glass ceiling of them all by electing
      834 words
    • Article, Illustration
      Lock icon Why 2016 is proving to be a wild year
      1071 22  -  There are also opportunities for greater stability too; the success of US in helping manage global affairs will depend upon cooperation of both competitors and allies. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS
      PHOTO: REUTERS  -  1,071 words
    • Article
      Lock icon Disruption in the consulting industry moves into Act 2
      837 23  -  COMMENTARY By Sandy Gopalan T The writer is vice-president of consulting at Cognizant ACT 1 has played out according to script. As predicted by industry watchers, the world of consulting has experienced a significant disruption over the past few years. Enterprises
      837 words
    • Article, Illustration
      Lock icon Trump’s ambiguous wink wink to ‘Second Amendment people’
      947 23  -  By Thomas Friedman NYT AND that, ladies and gentlemen, is how Israeli Prime Minister Yitzhak Rabin got assassinated. His right-wing opponents just kept de-legitimising him as a “traitor” and “a Nazi” for wanting to make peace with the Palestinians and give back
      NYT; PHOTO: REUTERS  -  947 words
    • Article, Illustration
      Lock icon Making sense of data to understand and reduce risk
      1126 23  -  Companies, consumers and insurers should work together to optimise the opportunities brought about by an Internet of Things-enabled ecosystem. BY ALEXANDER BAUGH ecosystem.BY ALEXANDER BAUGH T The writer is AIG’s global president of liability and financial lines Globally, around 5.5 million
      PHOTO: AFP  -  1,126 words
Page thumbnail Page 23
Page thumbnail Page 24
  • LIFE & CULTURE
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      306 24 CRYPTIC CROSSWORD Across 1 Nuts for a bird (6) 4 A duke keeping goddess entertained (6) 8 Either originally inside going hungry, or eating heartily (8) 10 Celebrity left, turning back on small French city (2,4) 11 Leader of march wearing superb top (4) 12 Cleaner hit badly is no
      306 words