The Business Times, 3 April 2015

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Microfilm: NL33462
Total Pages: 38
1 39 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES www. usinesstimes.com.sg FRIDAY, APRIL 3, 2015 S$1.00 MCI (P) 051/08/2014 MCI (P) 051/08/2014
    16 words
  • Article, Illustration
    Lock icon Graft under control but vigilance continues
    928 1  -  Of the cases investigated last year, a minority involved public sector officials, while the rest were private sector individuals, says CPIB in inaugural annual statistics report By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT DESPITE high-profile instances of graft in recent years, corruption complaints and investigations
    Source: Corrupt Practices Investigation Bureau; BT Graphics Source: Corrupt Practices Investigation Bureau  -  928 words
  • Article, Illustration
    Lock icon Singapore manufacturing gloom deepens
    750 1  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT SINGAPORE’S manufacturing sector contracted further in March, going by the latest purchasing managers’ index (PMI), but economists are expecting things to turn around in the next two quarters. Dipping further below the 50-point reading that demarcates growth from contraction, the
    PHOTO: BLOOMBERG; Source: Singapore Institute of Purchasing & Materials Management  -  750 words
  • Article
    Lock icon More frequent statements seen
    29 1 MAS POLICY THE Monetary Authority of Singapore could move to have more frequent policy statements given the more uncertain macroeconomic outlook, says a report. 2
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  • Article
    Lock icon Customer satisfaction improves
    32 1 AT YOUR SERVICE SINGAPORE’S overall customer satisfaction levels hit a new high in 2014, even as the private education, tourism and food and beverage sectors recorded sharp falls. 3
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  • Article
    Lock icon IPC surges to 3-year high
    41 1 MANDATORY OFFER THE stock of IPC Corp shot up to its highest level of S$0.20 in three years on news of an offer by Oei Hong Leong to buy the remaining shares in the developer. 8
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  • Article
    Lock icon Uneven price falls for condos
    36 1 URA STUDY AN islandwide study by the URA on private non-landed home prices showed that 10 out of 46 projects saw double-digit declines in median prices from their 2013 peak. 20
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,453.75 (+6.73) GSTI FUTURES 3,424.00 (+7.00) GSIMSCI 387.21 (+1.35) GSIMSCI FUTURES 383.40 (+2.10) Thursday Change KL COMP 1,831.97 +5.66 NIKKEI 225 19,312.79 +277.95 HANG SENG 25,275.64 +192.89 SET 1,532.23 +6.65 JAKARTA 5,456.40 -10.47 MANILA 7,993.09 +52.60 KOSPI 2,029.07 +0.62 SHENZHEN B 1,167.54 +0.23 MUMBAI IND 28,260.14 +302.65 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.296 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.359 (US$/S$ per 1.485 2.018 EURO (US$/S$/€ 1.082 1.470 Foreign currency per US$ S$ YEN 119.50 88.00 RM 3.670 2.701 HK$ 7.753 5.706 BAHT 32.44 23.88 RUPIAH 12,992 9,562 RENMINBI 6.198 4.562 INDIAN RUPEE 62.20 45.78 A$ 1.317 0.970 NZ$ 1.336 0.983
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    • Article
      Lock icon More frequent MAS policy statements seen
      433 2  -  Move will help take into account the more uncertain macroeconomic outlook and volatile markets: Credit Suisse By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Monetary Authority of Singapore could move to have more frequent policy monetary statements given the more uncertain macroeconomic outlook, said
      433 words
    • Article
      Lock icon Customer satisfaction levels hit new high
      513 3  -  Strong ratings from the finance and insurance sector boosted CSISG to 71.1 points in 2014 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE’S overall customer satisfaction levels hit a new high in 2014, even as the private education, tourism and food and beverage sectors recorded
      513 words
    • Article, Illustration
      Lock icon What a property index is – and isn’t
      816 4  - What a property index is and isn’t COMMENTARY Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Correspondent MARKET rumblings have of late been heard each time a key residential price index is published. When URA’s revised index showed a 1.1 per cent drop in overall private home prices for the first quarter of this
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    • Article, Illustration
      Lock icon Surbana clinches deal to advise on Maldives airport expansion
      401 4  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE urban consultancy Surbana on Thursday said it has been appointed by Maldives Airports Company to provide project management consultancy services for the expansion of Ibrahim Nasir International Airport (INIA) in Maldives. Surbana declined to
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    • Article
      Lock icon Oil majors continue to invest in S’pore plants
      530 5  -  ExxonMobil starts building 84 MW cogeneration plant as Shell finishes upgrading ethylene cracker facility By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OIL majors are continuing with upgrading works for their assets in Singapore even as they cut back on investments elsewhere amid low
      530 words
    • Article
      Lock icon Wage rises for finance, tech professionals to slow
      551 6  -  Firms turn to non-financial incentives to attract and retain staff: study By Claire Huang, Elizabeth Mak huangjy@sph.com.sg eamak@sph.com.sg Singapore THE days of double-digit salary increases may be coming to an end as employers look to rein in the strong wage growth of
      551 words
    • Article
      Lock icon Singapore Power, EDB launch S$30m centre for power innovation
      382 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore UTILITIES company Singapore Power (SP) has launched the Centre of Excellence (CoE) for Energy Development and Piloting, which will create and commercialise next-generation energy network technologies for use in Singapore. The CoE, which is also
      382 words
    • Article
      Lock icon Singapore has not imposed restrictions on Thai carriers: CAAS
      600 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Civil Aviation Authority of Singapore (CAAS) has stepped up its surveillance and ramp inspections of Thai airlines’ aircraft operations in Singapore, but has not imposed any restrictions on them thus far. This comes as
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    • Article
      Lock icon Oil falls more than 3% amid progess in nuclear talks with Iran
      501 7 Adding to pressure, Iraq boosts crude shipments and Russian output also up Reuters London OIL prices fell more than 3 per cent on Thursday as officials from the big global powers stayed locked in nuclear talks with Iran
      Reuters  -  501 words
    • Article, Illustration
      Lock icon It’s back to basics for Crocs
      647 7 Bloomberg New York THE shoes that polarised a nation are being polished up for a comeback. In 2007, Crocs clogs the brightly-col-oured, hole-filled footwear were both widely worn and wildly derided across the US. As quickly as they filled the shoe racks of Americans
      Bloomberg; FILE PHOTO  -  647 words
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      38 2 CONTENTS NEWS Top Stories 2-7 Companies Markets 8-12 Markets Stats 10-11 Banking Finance 13 Energy Commodities 16 Technology 17 Consumer 18 Real Estate 19-20 Govt Economy 21-24 Transport 25 Shipping Times 26-27 Opinion 28-29 Crosswords 29 Lifestyle 30-40
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      58 3 LJhim llklnloslt McIntosh MC452 Superlative Stereo Power Amplifier Hand-crafted in the USA We would like to thank all our customers for their support, and would like to wish them a Happy and Prosperous Lunar New Year! From the management and staff of ONG RADIO Live the Ultimate™ 176 Orchard Rd,
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      63 5 golf?Love preview Hit the sweet spot with Swing, T!GER’S got the y!ps! says former coach Hank Haney ROHIT BRIJNATH The Masters will not be the same with a fading Tiger VEN SREENIVASAN The golf industry in Singapore needs a reboot RORY The new model of greatness a new monthly special
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon IPC soars on news of Oei Hong Leong bid
      497 8  -  Stock hits 3-year high of S$0.20, against S$0.17 offer HOT STOCK By Ven Sreenivasan ven@sph.com.sg Singapore THE stock of IPC Corp shot up on Thursday to its highest level of S$0.20 in three years on news of an offer by Singapore
      Source: Bloomberg  -  497 words
    • Article, Illustration
      Lock icon Weaker ringgit, rupiah dampen S’pore casinos’ takings
      416 8 Reu ters Singapore THE Malaysian ringgit’s fall to 17-year lows against the Singapore dollar will limit the Republic’s mass-market gaming revenues even after the opening of Genting Singapore’s new hotel in Jurong, close to Malaysia’s border, analysts said. Singapore casinos derive roughly half
      Reuters; BLOOMBERG  -  416 words
    • Article
      Lock icon OCBC gets nod for Myanmar branch; UOB next in line
      460 8  -  By Jamie Lee leejamie@sph.com.sg @JamieleeBT Singapore OCBC on Thursday said that its branch in Myanmar will commence operations this month, after the bank received final regulatory approval from the Central Bank of Myanmar. UOB told The Business Times that it
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    • Article, Illustration
      Lock icon Quiet day for blue chips as punters turn to pennies
      763 9  -  stocks R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IF trading on Wednesday, the first day of the new quarter, was largely forgettable, the follow-up wasn’t much of an improvement. If anything, it might even have been worse. On Thursday, the Straits
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    • Article
      Lock icon Tee Land’s Q3 earnings tumble
      341 9  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PROPERTY developer Tee Land’s earnings fell 66 per cent in the fiscal third quarter as its revenue almost halved. The group recorded net profit of S$1.19 million for the three months ended Feb 28 (Q3 FY2015), down from S$3.45
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    • Article
      Lock icon CNMC’s resource base for Kelantan project grows
      275 9  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CATALIST-listed CNMC Goldmine’s exploration activities have led to an expansion in its resource base. The group’s total measured, indicated and inferred gold resources at its Sokor project in Kelantan, Malaysia, have grown 8 per cent to 10.8
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    • Article
      Lock icon STI STOCKS
      317 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 260 unch 260/257 263 219 5.5 6573.7 CapitaLand 357 -1 359/357 371 290 13.1 2.5 *****.5 CapitaMall Trust 222 +3 224/219 226 188.5 4.9 7701.2 CityDev 1019 cd +13 1020/1007 1118 915
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    • Article
      Lock icon SGX ETFs Most Active
      111 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US787 +2 378 791/782 1000/636 785/787 98.4 Lyxor World US$ US176.8 +0.3 159 176.8/176.8 179.1/160.8 176.1/177 17.7 UETF SSE50China 265 -1 91 267/263 271/140 264/265 82.8 DBXT MSBANGL US$ US99.3 -0.1 70
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    • Article
      Lock icon SIBOR
      28 10 Apr 2 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      799 10 For week beginning Mar 30 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) IPC Corp 01-Apr-15 Oei Hong Leong Buy 6319 0.17 *****2 29.82 *****1 30.56 City Dev Ltd 31-Mar-15
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 1 6 0 0 0 9 1 6 Manufacturing 49 39 32 9 7 10 58 46 42 Commerce 17 13 26 5 6 2 22 19 28 Tpt/Stor/Comms 13 12 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,966 11,966 49,312 49,312 Manufacturing 122,299 48,141 170,440 73,887 3,263 77,150 Commerce 49,183 136,411 185,594 44,318 25,458 69,776 Tpt/Stor/Comms 133,946 2,194 136,140 144,028 168 144,196 Finance 19,961 458 20,419 153,964 111 154,075 Construction 38,144 38,561
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Apr 2 VALUE CLOSE BT OB/OS 409.00 +48.00 BT CADI -*****.00 +31.00 BT 10-day MA -*****.00 +41.00 FTSE ST Mid Cap 784.30 +1.30 FTSE ST Small Cap 484.82 -0.19 FTSE ST All Share 826.96 +1.46 FTSE ST China Top 196.54 +0.06 FTSE ST China 237.67 -0.01 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE IPC Corp 56,726.6 0.200 +0.028 +16.28 BlackGoldNatural 68,613.0 0.260 -0.015 -5.46 Net Pacific Fin 6.0 0.028 -0.003 -9.68 Foreland FabriT 1,059.0 0.010 -0.005 -33.33 ES 1,162.7 0.142 -0.048 -25.26 Cedar Strategic 3,758.0 0.002 +0.001 +100.00 Matex Intl 825.0 0.070 -0.009 -11.39 Ellipsiz 82,366.4 0.141 +0.010
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    • Article
      Lock icon COMMODITY FUTURES
      193 11 Apr-1 Price Net change change Last Trade Agricultural Apr-1 CBOT Soybeans (US cents/bu) 989.75 16.50 1.70% 14/05/2015 CBOT Soybean Oil (US cents/lb) 30.69 0.30 0.99% 14/05/2015 CBOT Wheat (US cents/bu) 528.50 16.75 3.27% 14/05/2014 Apr-1 LIFFE Cocoa (£/tonne) 1920.00 19.00 1.00% 13/05/2015 LIFFE Coffee (US$/tonne) 1750.00 21.00 1.21%
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    • Article
      Lock icon PALM OIL
      53 11 Apr 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 15 2142.0 555 May 15 2164.0 2160.0 2176.0 2157.0 2018 ***** Jun 15 2160.0 2154.0 2172.0 2150.0 ***** ***** Jul 15 2149.0 2144.0 2164.0 2143.0 4162 *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 11 Apr 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****H 01-Nov-15 1.06 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.44 102.48 102.43 5-Year N*****0H 1.625 01-Oct-19 99.67 99.71 99.65 10-Year NY*****H 3.000 01-Sep-24
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 11 Apr 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0309 1.0318 0.7590 0.7591 Canadian dollar 1.0764 1.0774 0.7926 0.7925 Euro 1.4696 1.4709 1.0820 1.0822 NZ dollar 1.0163 1.0174 0.7483 0.7485 Sterling pound 2.0165 2.0185 1.4847 1.4851
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 11 Most active Apr 2 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.1 unch 6600 1 1 83 6.00 28 Rowsley Ltd W*****3 3.3 -0.1 6116 1 18 18 UOB MB eCW*****1 11.2 unch 3701 0.1
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 11 In local curr In S$ In US$ dy yr dy yr dy yr Apr 1 Index Change Change Change Change Change Change World Preliminary 1328.1 -0.2 4.1 -0.8 4.6 -0.2 1.6 EAFE Preliminary 1087.3 0.0 10.2 -0.4 7.4 0.1 4.3 Europe Preliminary 1539.5 0.4 11.4
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 11
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    • Article, Illustration
      Lock icon Sembcorp sees growth overseas for utilities
      549 12  -  CEO notes challenging market conditions in Singapore power market By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SEMBCORP Industries will look to overseas markets for growth in its utilities business, as conditions in the Singapore power market remain challenging. “In particular, we focus on emerging growth
      FILE PHOTO  -  549 words
    • Article
      Lock icon CNA unit inks letter of intent for US$70m airport terminal works
      320 12  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MAINBOARD-LISTED CNA Group’s wholly-owned subsidiary, CNA-HTE Vietnam Co, has signed a letter of intent with Vietstar Airlines Multirole Corporation for a US$70 million mechanical, electrical and plumbing contract for a multirole terminal complex
      320 words
    • Article
      Lock icon Albedo fails to get clean bill of health
      435 12  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore ALBEDO, still reeling from a botched reverse takeover deal mid last year that would have transformed the anaemic steel player into a more exciting Iskandar Malaysia real estate play, failed to get a clean bill of
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Bank Negara Indonesia seeks acquisition
      443 13 The fourth-largest lender in Indonesia wants to become one of the top three banks by asset size Bloomberg Jakarta PT Bank Negara Indonesia (BNI), the nation’s fourth-largest lender, plans to buy a mid-sized institution in a bid to move up the rankings and become one
      Bloomberg; PHOTO: BLOOMBERG  -  443 words
    • Article
      Lock icon Being a big global bank not worth the hassle: poll
      219 13 Reuters London BEING one of the world’s top 30 banks is not worth the hassle of extra regulatory scrutiny and capital requirements, according to a poll of financial industry investors last week. Morgan Stanley said 62 per cent of investors
      Reuters  -  219 words
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      46 13 OPTIMISING THE WORK ENVIRONMENT O ii€wp?<g ASIA 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.OfficExpoAsia.com The Next-Generation Workscape Workspace Design Planning Interested to exhibit? Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sfh OfficExpoAsia
      46 words
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      20 13 APRIL ISSUE OUT NOW! $25DIGITAL SUBSCRIPTIONDEAL SPECIALLY FOR OUR 25 th BIRTHDAY! LOG ON TO WWW.TORQUE.COM.SG/PROMOTIONSOR SCAN SAVE 70% WWW.TORQUE.COM.SG
      20 words
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      2021 14 MANDATORY CONDITIONAL CASH OFFER by CIMB BANK BERHAD(*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of OEI HONG LEONG to acquire all the issued and paid-up ordinary shares in the capital of IPC CORPORATION LTD (Company Registration No. *****1057M) (Incorporated in the Republic of Singapore) other than those
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      2174 15 6. LISTING STATUS AND COMPULSORY ACQUISITION 6.1 Listing Status and Trading Suspension. Pursuant to Rule 1105 of the Listing Manual of the SGX-ST (the “Listing Manual”), upon an announcement by the Offeror that acceptances have been received pursuant to the Offer that bring the holdings owned by the Offeror and
      2,174 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Thai junta snaps up local rubber supplies
      635 16 Buying spree revives domestic prices but fails to reduce global production surplus Bloomberg Bangkok EIGHT months after Thailand’s military junta started selling rice into an oversupplied global market, the officers are taking a different tack amid a rubber glut. But this approach by
      Bloomberg; PHOTO: BLOOMBERG  -  635 words
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      455 16 Enhance Interpersonal Relationships For A Fulfilling Work EnvironmentWho should attend:Middle to Senior Management, Team Leaders Supervisors and Marketing Sales Professionals. FULL-DAY WORKSHOPS 2015 A PRIL SERIES Click With People Quickly, Even Those You Don't Fancy A P R 1 5 28T U E S D AY SPH News Centre 9
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Google rejects China authority certification
      463 17 Chrome users may now get a warning when attempting to visit sites certified by CNNIC Reuters Beijing GOOGLE said on its official security blog on Wednesday that it would no longer recognise the China Internet Network Information Center (CNNIC) certificate authorities, following a joint investigation
      Reuters; PHOTO: AFP  -  463 words
    • Article
      Lock icon Music streaming showdown looms
      725 17 AFP Stockholm THIS week’s all-star launch of US rapper Jay Z’s music streaming service may not have caused Spotify’s management to lose sleep but analysts predict tough days ahead as tech giant Apple prepares to enter the fray. The glitzy rebrand of the Tidal service which
      AFP  -  725 words
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      203 17 THE BVI BUSINESS COMPANIES ACT, 2004 VITOSHA INVESTMENT HOLDINGS LIMITED (Company Number: *****39) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is
      203 words
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  • CONSUMER
    • Article, Illustration
      Lock icon More pay, new benefits at McDonald’s US
      1037 18 Moves are in response to competition in tighter job market and labour campaigns NYT New York MCDONALD’S announced on Wednesday that it would raise wages and offer new benefits to 90,000 employees in the 1,500 outlets in the United States that it owns
      NYT; PHOTO: BLOOMBERG  -  1,037 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Alfa’s Capital Square stake may fetch S$543.5m
      550 19  -  CBRE and JLL appointed joint marketing agents for the 50% stake and will conduct an expressions of interest exercise for the property By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore KEPPEL Land unit Alpha Investment Partners’ 50 per cent stake in Capital Square along Church
      550 words
    • Article, Illustration
      Lock icon Stake sale to Ping An to help Country Garden cut costs
      454 19 Bloomberg Hong Kong COUNTRY Garden Holdings will sell a 9.9 per cent stake to Ping An Insurance Group as Chinese developers struggle to navigate a slumping property market. Ping An, China’s second-big-gest insurer, will pay about HK$6.3 billion (S$1.1
      Bloomberg; PHOTO: BLOOMBERG  -  454 words
    • Article
      Lock icon Uneven price falls for condo projects: URA
      956 20  -  Only two projects in Core Central Region saw price falls of over 20 per cent from 2013 peak By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT AN islandwide study by the Urban Redevelopment Authority (URA) on private non-landed home prices showed that 10 out of 46
      956 words
    • Article, Illustration
      Lock icon Luxury home prices in London rise at slowest rate in 5 years
      269 20 Bloomberg London HOME prices in London’s wealthiest neighbourhoods are climbing at the slowest rate in more than five years as uncertainty surrounding the outcome of the May 7 general election deters buyers. Prices in the 13 districts that
      Bloomberg; PHOTO: BLOOMBERG  -  269 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Trade gap at 5-year low as imports slump
      515 21 West Coast ports labour dispute leads to Feb deficit narrowing by US$7.2b to US$35.4b LATEST US DATA Bloomberg Washington THE trade deficit in the US shrank in February to the lowest level in more than five years as a labour dispute at
      Bloomberg  -  515 words
    • Article
      Lock icon SEC fires warning shot over staff confidentiality agreements
      543 21 NYT New York A SOUND that delights regulators and strikes fear in corporations employees blowing the whistle on wrongdoing is poised to become louder. On Wednesday, the US Securities and Exchange Commission (SEC) penalised the technology and engineering firm KBR for forcing
      NYT  -  543 words
    • Article, Illustration
      Lock icon EM debt concern may be overblown
      1040 22 Corporate issuers may get revenue from exports as they borrow abroad amid rising dollar Bloomberg New York AS THE US dollar soars month after month, the chorus of voices expressing concern about how it will imperil emerging-market companies that borrowed abroad is growing. India
      Bloomberg; PHOTO: REUTERS  -  1,040 words
    • Article
      Lock icon Portugal applies to join China-led AIIB
      213 22 Reuters Shanghai PORTUGAL has applied to be a founding member of the Chi-nese-led Asian Infrastructure Investment Bank (AIIB), with the aim of promoting its business interests in Asia, the government said on Thursday. More than 40 countries have applied to join the AIIB, with
      Reuters  -  213 words
    • Article, Illustration
      Lock icon Foreign investors alarmed by India tax move
      611 23 Country is seeking to tax past untaxed gains; clarification in 2015 budget has not resolved issue Reuters Hong Kong US and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax
      Reuters; PHOTO: AFP  -  611 words
    • Article
      Lock icon Demand drives India’s March manufacturing growth
      279 23 Reu ters New Delhi INDIAN manufacturing growth accelerated in March after a jump in demand even though firms pushed up prices at the fastest rate in four months, a business survey showed on Thursday. The HSBC Manufacturing Purchasing Managers’ Index compiled by Markit, rose
      Reuters  -  279 words
    • Article
      Lock icon Zero per cent club spreading as Poland seeks to emulate AAA peers
      466 23 Bloomberg Warsaw THE world of zero per cent borrowing costs is spreading into Eastern Europe. On the tail of AAA-ranked countries such as Germany and Switzerland, Poland is now pushing for zero rates or less despite having a
      Bloomberg  -  466 words
    • Article, Illustration
      Lock icon Malaysians no longer trust Najib: Mahathir
      567 24  -  In a blogpost, ex-premier sounds warning about prime minister leading the next election By Pauline Ng btworld@sph.com.sg Kuala Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has warned that the dominant Umno political party in the ruling national front coalition would lose the next
      PHOTO: AFP  -  567 words
    • Article
      Lock icon Renzi’s reform efforts draw hungry M&A investors to Italy
      809 24 Reuters London MERGERS and acquisitions (M&A) in Italy in the first three months of 2015 are already double the value of such transactions for all of the previous year, with hungry investors encouraged by Prime Minister Matteo Renzi’s reforms. Italy was
      Reuters  -  809 words
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      73 21 \Af!chi yom<$ M:v\ Js ACADEMY 2015 Calling business owners! We have the Guaranteed Targeted Crowd of parents with young children for you! Proven Quality visitors with a keen interest in their child's growth and well-being!! JOIN US AT SUNTEC SINGAPORE! P* Call us to enquire how we can help you
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  • TRANSPORT
    • Article, Illustration
      Lock icon Lufthansa’s growing woes
      1163 25 Airline faces more trouble on admitting that it was aware of pilot’s history of depression NYT Frankfurt LUFTHANSA was supposed to be celebrating the 60th anniversary of its postwar rebirth this month. Instead, on Wednesday, the day of that anniversary, the German airline faced perhaps the worst
      NYT; PHOTO: REUTERS  -  1,163 words
    • Article
      Lock icon Bentley and Ford trade charges over design of Lincoln
      383 25 Bloomberg New York FORD Motor Co is firing back in an escalating war of words over the parentage of the design of its new Lincoln Continental. The chief designer of tony Bentley Motors has accused Lincoln’s designer of copying his style.
      Bloomberg  -  383 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1940 26 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 KK JKT SUR HAN SYMPHONY 1 60 8/4 9/4 13/4 17/4 MALAYSIA STAR 44 50 8/4
    1,940 words
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  • OPINION
    • Article, Illustration
      Lock icon Ensuring blogosphere’s positive potential
      1372 28 / 29  -  Governments must take steps to limit extreme abuses of blogs while letting them be the means by which the masses can be heard. By Nayef Al-Rodhan By Nayef Al-Rodhan ~The writer is a neuroscientist, philosopher and geostrategist. He is an Honorary Fellow at St Antony’s College,
      YaleGlobal Online; PHOTO: BLOOMBERG  -  1,372 words
    • Article
      Lock icon Green bonds: the best way to invest in Asian development
      593 28 / 29  -  By Stephen Williams ~The writer is head of capital financing for Asia-Pacific at HSBC ASIA needs to invest heavily in infrastructure to sustain growth. But unless we design sustainable projects, we risk running up an environmental bill for future generations.
      593 words
  • Page 28 / 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 / 29 Miscellaneous Column 1
      297 28 / 29 CRYPTIC CROSSWORD Across 7 Dahl book one lad tossed on rug (7) 9 Ring with right answer for ‘fabled monster’ (7) 10 Forward almost missing header (5) 11 Club official, more confident following adjustment of rate (9) 12 Popular chess opponents? On paper (2,5,3,5) 13 Advanced fortune to make a
      297 words
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  • BT Lifestyle
    • CITY BUZZ
      • CITY BUZZ BT writers’ picks of what to see, do or talk about
        • Article, Illustration
          Lock icon Photographic tribute to Mr Lee
          286 30  -  By Rachel Loi BOOKS Thank You, Mr Lee book launch FOLLOWING the passing of Singapore’s founding Prime Minister Lee Kuan Yew on March 23 last week, the country saw an outpouring of tribute articles, video clips, poems, and even songs dedicated to the man and
          PHOTO: JEAN LOO  -  286 words
        • Article, Illustration
          Lock icon The Studios: Fifty
          236 30  -  THEATRE Choy.By Helmi Yusof SINGAPORE’S finest English-language plays and playwrights are feted in this series of stagings and readings curated by the Esplanade Studios team and playwright-di-rector Chong Tze Chien. Fifty local plays, ranging from Stella Kon’s Emily of Emerald Hill and Haresh Sharma’s Off-Centre to more
          PHOTO: ESPLANADE STUDIOS  -  236 words
        • Article, Illustration
          Lock icon Wine Dinner @ Scotts 27 by Guest Chef, Gilles Marx
          186 30  - Wine Dinner Scotts 27 by Guest Chef, Gilles Marx DINING Tenderloin.By Tay Suan Chiang SCOTTS 27, an “All-Private-Room” restaurant kicks off its international guest chef programme for the year, with a one-night-only dinner showcase by guest chef Gilles Marx. Currently based in Jakarta, chef Marx is a familiar figure on
          186 words
        • Article, Illustration
          Lock icon Fast and Furious 7
          281 30  -  MOVIES By Dylan Tan It's not surprising that everything is faster and erm, “furious-er”, in Fast and Furious 7, the latest instalment of a very successful Hollywood franchise that shows no sign of slamming its brakes even after filming was briefly disrupted when one of its
          281 words
    • CITY LIFE
      • Article, Illustration
        Lock icon Groove to your own music
        677 31  -  There are no arguments over what gets played as music bonds the crowd at Singapore’s first BYO-music bar-bistro, Ladylord. By Dylan Tan By Dylan Tan NOBODY ever complains about the music at Ladylord, a new bar-bistro off Portsdown Road. After all, its unique playlist is
        PHOTOS: LADYLORD  -  677 words
    • WINE
      • Article, Illustration
        Lock icon Recent vinous gems
        1130 32  -  From Mouton Rothschild to Graham’s port, fine selections served at dinners proved standouts. By NK Yong SOME interesting wines this week recently experienced! At Restaurant Joel Robuchon in Sentosa: Chateau Mouton Rothschild 1998, Premier Cru Classe Classic Mouton cepage: Cabernet Sauvignon 86%, Merlot 12%, Cabernet Franc 2%.
        FILE PHOTO  -  1,130 words
    • ARTS
      • Article, Illustration
        Lock icon The King rules at MBS
        643 33  -  Elvis Presley fans will be spoilt for choice with three Elvis tribute artistes in one show belting out the late rock ‘n’ roll icon’s hits. By Dylan Tan By Dylan Tan dylantan@sph.com.sg@DylanTanSYBT IF Elvis Presley were still alive and some would argue he is but
        PHOTOS: MBS  -  643 words
      • Article, Illustration
        Lock icon Pink Martini’s delicious musical cocktail
        488 33  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT IN just two hours on Tuesday, Pink Martini brought the sold-out crowd at Esplanade Theatre on a wild musical odyssey around the globe. It’s easy to see why the Portland group remains so well-loved five years after their last visit
        PHOTO: PINK MARTINI  -  488 words
      • Article, Illustration
        Lock icon The cost of being honest
        690 34  -  Wild Rice’s Public Enemy shows what happens when you tell the truth and the public doesn’t want to hear it. By Helmi Yusof By Helmi Yusof helmi@sph.com.sg @HelmiBT THERE are some roles all great actors yearn to play: Hamlet, Oedipus, Stanley Kowalski, Lear, Macbeth. “And,
        PHOTO: WILD RICE  -  690 words
      • Article, Illustration
        Lock icon Love letter to the wuxia genre
        497 34  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT THE Theatre Practice’s original wuxia play is the most handsome, high-kicking production one has seen so far this year. The elegant set designs by Wong Chee Wai include two houses, a tavern and a bamboo forest that stylishly evoke
        THEATRE PRACTICE  -  497 words
      • Article, Illustration
        Lock icon The ties that bind
        1216 35  -  Groundbreaking, visceral works by Singaporean and South-east Asian artists cast a spell over visitors at the Singapore Festival in France. By Cheah Ui-Hoon ARCHIPEL Secret kicked off the three month-long Singapore Festival in France. With some 40 works exhibited cheek-by-jowl, it’s the biggest contemporary art show
        PHOTOS: NHB, CHEAH UI-HOON  -  1,216 words
    • CINEMA
      • Article, Illustration
        Lock icon Documenting a serial killer
        658 36  -  By Geoffrey Eu MURDER, money, mystery and other facets of tabloid-worthy drama collide with compelling force in The Jinx: The Life and Deaths of Robert Durst, a six-part documentary series on HBO that dissects the curious tale of a real-estate scion, seri-al-murder suspect and all-round bizzaro
        FILE PHOTO  -  658 words
      • Article, Illustration
        Lock icon Youthful jaunt with a twist
        545 36  -  Life suddenly happens for a jaded older couple who meet their 2.0 versions. By Geoffrey Eu By Geoffrey Eu Forty-somethings josh and Cornelia have a pretty good life, or so it would seem: a group of like-minded friends to hang out with and a contented-if-slightly-mundane
        PHOTO: SHAW ORGANISATION  -  545 words
    • COVER STORY
      • Article, Illustration
        Lock icon Eye-opening Art Paris fair
        772 37 France: Guillaume Piens, fair director for Art Paris Art Fair Singapore: Iola Lenzi, researcher, critic and curator BEFORE he did a proper exploration into Singapore art, Guillaume Piens confessed, he had quite a cliched understanding of it. “We’ve heard that it’s the Switzerland of Asia, so
        PHOTOS: BENJAMIN HAMPE, NHB  -  772 words
      • Article, Illustration
        Lock icon Wooing France via the arts
        1195 38 / 39  -  Singapore Festival in France is the largest international showcase of Singapore’s arts and culture, with some 70 events taking place over three months across seven French cities. BT Lifestyle speaks to the movers and shakers of this diplomatic outreach. By Cheah Ui-Hoon By Cheah Ui-Hoon
        mesh in Asia.PHOTO: CHEAH UI-HOON; FILE PHOTO  -  1,195 words
      • Article, Illustration
        Lock icon A window into Asia through contemporary art
        912 38 / 39 Secret Archipelago isn’t just a one-off show as the centre is keen to be rooted in this part of the world France: Jean de Loisy, president of Palais de Tokyo Singapore: Khairuddin Hori, deputy director of Artistic Programming, Palais de Tokyo SINCE its
        PHOTOS: NHB  -  912 words
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      67 39 LifestyleBTTHE BUSINESS TIMES APRIL 3, 2015 WOOING FRANCE VIA THE ARTS The Singapore Festival in France features 70 events across seven French cities L37-39 CINEMA The Jinx hits the small screen L36 ARTS Local accent in Paris L35 MUSIC Staging an homage to Elvis L33 WINE Vinous adventures L32 PHOTO:
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