The Business Times, 4 April 2015

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Microfilm: NL33462
Total Pages: 48
1 16 The Business Times
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      69 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 4-5, 2015 LEAN AND CLEAN Four chefs in Singapore share how a lifestyle transformation has changed how they cook in their restaurants L2-4 DESIGN Stylish showrooms L8-9 DINING Healthy eats, from salads to superfoods L5-6 GUEST CHEF Christopher Tan, Nerd Baker L7 PHOTO: YEN MENG
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      71 2 / 3 V r v t I I 3Na i m 'W ,Ni fi V s s w V /> KRflLL ENTERTAINMENT PRESENTS JOE LABERO 1GHT OF MAGIC AT RAFFLES Featuring Burnt Out Punks LAST 4 WEEKS! ENJOY 2 TICKETS FOR THE PRICE Of I WITH PROMO CODE MAGIC. JUBILEE HAIL SHOWING
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon LEAN AND CLEAN
        696 2 / 3  -  CLEANFour chefs in Singapore share how a transformation in their lifestyles has also changed how they cook and what they serve in their restaurants. Mickael Le Calvez Executive sous chef, Raffles Singapore By Tay Suan Chiang, Rachel Loi By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT ABOUT a year
        PHOTOS: YEN MENG JIIN  -  696 words
      • Article, Illustration
        Lock icon THE VEGETARIAN ROUTE
        549 2 / 3  -  Emmanuel Stroobant Saint Pierre 31 Ocean Way, #01-15 Quayside Isle Z6438-0887 saintpierre.com.sg Open Mon to Sun, 5.30pm to midnight. Sat and Sun, 11.30am to 3pm By Tay Suan Chiang IT’S tough to be a vegetarian chef heading a restaurant that serves meat, especially when you still have
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      • Article, Illustration
        Lock icon TREAT YOUR VEGETABLES
        543 4  -  Ivan Brehm Bacchanalia 23A Coleman StreetZ6509-1453 bacchanalia.asia Open Fri, noon to 3pm. Mon to Thu, 6pm to midnight. Fri to Sat, 6pm to 2am By Rachel Loi WHEN Ivan Brehm first met his wife about five years ago, it changed both his personal life, as well as
        PHOTOS: YEN MENG JIIN  -  543 words
      • Article, Illustration
        Lock icon GOING GREEN
        597 4  -  Anthony Yeoh Cocotte 2 Dickson RoadZ6298-1188 restaurantcocotte.com Open Mon to Thu, noon to 2.30pm, 6.30pm to 10.30pm. Fri to Sun, noon to 3pm, 6.30pm to 11pm. Closed on Tues. By Rachel Loi CHEF Anthony Yeoh comes from a family who loves their comfort food roast meat and potatoes
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      • Article, Illustration
        Lock icon HEALTHY EATS
        442 5  -  A new generation of health food purveyors is sprouting up, from restaurant-quality salad bars to the latest in superfoods. BT Weekend checks them out. Skinny Salads 100AM, #01-03. 100 Tras Street Open 8am to 8pm daily By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT PIZZA chain Skinny Pizza is
        442 words
      • Article, Illustration
        Lock icon Work out, eat to fit
        471 5  -  FitThree www.fitthree.com By Tay Suan Chiang SO you’ve done your hour at the gym, and are looking to fill your tummy. Chances are, you’re hard put to find some healthy grub. Enter FitThree, which will deliver meals to your gym. The name FitThree is a
        471 words
      • Article, Illustration
        Lock icon A balanced lunchbox
        403 6  -  Do.Si.Rak 18 Cross Street, #01-02, China Square Central www.dosirak.com.sg Open Mon to Fri, 10.30am to 6pm By Tay Suan Chiang A SALAD, minus the excessive dressing, is a healthy option, but often leaves diners feeling peckish after an hour or so. Edward Chia, founder of Do.Si.Rak believes
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      • Article, Illustration
        Lock icon Berry healthy
        482 6  -  Project Acai 27 Lorong Liput, Holland Village www.project-acai.com By May Yip FROM 328 Katong Laksa to 2am:dessertbar, Lorong Liput in Holland Village isn’t quite known for healthy fare. Nestled along the cul-de-sac, however, is Project Acai, the first cafe here dedicated to the Amazonian superfood. After studying in
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      • Article, Illustration
        Lock icon A baker’s tale
        957 7  -  Even if you don’t bake, Christopher Tan’s Nerd Baker is a wonderful read about his own journey as “the child of many ovens”, discovering different foods and how they shaped his craft and palate. By Cheah Ui-Hoon guest chef By Cheah Ui-Hoon SINGAPOREANS know him for his
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    • DESIGN
      • Article, Illustration
        Lock icon Stylish showrooms
        1594 8 / 9  -  BT Weekend drops in on three new home furnishings outlets whose store designs are as impressive as the products they sell By Tay Suan Chiang By Avanti Nim avantin@sph.com.sg By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Retro Colony 47 Nemesu Avenue Z6676 3817 or 9179 9680 (By appointment only)
        PHOTOS: YEN MENG JIIN; PHOTO OF STORE: JOHN HENG  -  1,594 words
      • Article
        Lock icon wine&dine
        760 8 / 9 with BTWeekend AquaMarine Marina Mandarin Singapore, 6 Raffles Boulevard, Level 4Z6845-1111 Easter at AquaMarine Celebrate Easter with your loved ones at AquaMarine where mouth-watering delights such as Garlic and Herb Rubbed Whole Lamb Shoulder on Boulangére Potato, Cinnamon Thyme Roasted Spring Chicken, Crab Mayonnaise with Melba Toast and Chopped
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    • MOTORING
      • Article, Illustration
        Lock icon This Audi TT-lates
        619 10 The brand new Audi TT Coupe has stunning in-car design and technology. By Samuel Ee samuelee@sph.com.sg THE latest Audi TT Coupe has new styling but it still looks familiar, with certain themes and details from previous generations recast for a fresh take on this 2+2 model. But
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      • Article, Illustration
        Lock icon WANNABE RACER
        626 11  -  RACERThe Nissan Sylphy SSS offers more oomph and equipment. By CY Chew By CY Chew HANDS up those who remember the Nissan Sentra SE-R. Hmm, not that many. Probably because it was never sold in Singapore and because big engines in small cars and the Singapore COE/road tax
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    • HEALTH
      • Article, Illustration
        Lock icon More is not better
        1630 12  -  Recent studies suggest that increasing the frequency or intensity of exercise beyond a certain limit is not associated with incremental health benefits Michael Lim Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is also the founding editor of “Heart Asia”, a
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  • TOP STORIES
    • Article, Illustration
      Lock icon Going digital inevitable for local insurers in long run
      1041 2  -  Consumers will shop for life insurance in new ways as the young get more financially savvy and prefer going online NEWS ANALYSIS By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE insurers may be dragging their feet when it comes to moving their
      PHOTO: YEN MENG JIIN; FILE PHOTOS  -  1,041 words
    • MARKETS
      • Article
        Lock icon STOCKS
        53 2 GSTI(Thursday’s close) 3,453.75 (+6.73) GSTI FUTURES 3,424.00 (+7.00) GSIMSCI 387.21 (+1.35) GSIMSCI FUTURES 383.40 (+2.10) Pfltiay Otertge KL COMP 1,834.52 *255 NIKKEI 225 19,435.08 +122.29 HANG SENG Closed SET 1,536.05 +332 JAKARTA Closed MANILA Closed KOSPI 2,045.42 +1635 SHENZHEN B 1,172.33 +4.79 MUMBAI IND Closed *eott £OT Conge DOW
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      • Article
        Lock icon PRIME RATES
        27 2 SINGAPORE MALAYSIA 5.35 6.35 HONG KONG 5.00 INDONESIA 14.296 TAIWAN S.036 JAPAN 1.475 KOREA 933 BRITAIN 0,50 US 335 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75
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      • Article
        Lock icon FOREX
        44 2 l>S1 a U5S (S$ per US$) 1.359 (US$/S$ per 1.485 2.018 EURO (USS/5$/€ 1.082 1.470 YEN 119.50 88.00 RM 3.670 2.701 HK$ 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 AS 1.317 0.970 NZS 1.336 0.983
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    • Article
      Lock icon Geopolitical issues pose biggest risk to markets: poll
      400 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore GLOBAL geopolitical issues form the biggest risk for markets this year, said regional investors polled at Credit Suisse’s Asian Investment Conference last month. Over a quarter (27 per cent) of the 1,200 survey participants cited global
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    • Article
      Lock icon Correction
      43 2 IN our report “Alfa’s Capital Square stake may fetch S$543.5m” (April 3), the seller’s name in the headline should be Alpha instead of Alfa. Its full name, as given in the story, is Alpha Investment Partners. We are sorry for the error.
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    • Article, Illustration
      Lock icon Iran agrees to outline for nuclear deal
      729 3 But details need to be worked out before June deadline; diplomats say it could collapse at any time before then NYT REUTERS Lausanne, Switzerland IRAN and the US, along with five other world powers, announced on Thursday a surprisingly specific and comprehensive understanding
      NYT; REUTERS; PHOTO: REUTERS  -  729 words
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      Lock icon Scots eye power-broker role in UK election
      993 4  -  With SNP likely to win in Scotland, it could opt for coalition or agree to support a Labour government By Neil Behrmann btworld@sph.com.sg London THE Scots failed to become independent in last year's referendum, but despite that the Scottish National Party (SNP) may
      PHOTO: BLOOMBERG; PHOTO: AFP  -  993 words
    • Article
      Lock icon Make Savings Bonds even more attractive
      691 5  -  SATURDAY SOAPBOX By Arthur Lee arthurl@sph.com.sg IN August last year, The Business Times ran a piece suggesting that a National Savings Plan could help low income earners. It was in response to Prime Minister Lee Hsien Loong’s reminder on the importance of retirement planning
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    • Article, Illustration
      Lock icon Retail website made unique for each shopper
      1096 6 Retailers tailor personalised digital experience based on data from in-store purchasing and online browsing behaviour WP Washington AFTER years of using customer data to fine-tune their marketing efforts to smaller and smaller groups, retailers are now making a massive and expensive effort to
      WP; FILE PHOTO, REUTERS  -  1,096 words
    • Article, Illustration
      Lock icon It’s boom time for big crude carriers
      1323 7 Countries like China and India are chartering vessels to take advantage of lower oil prices and top off their reserves NYT London JONATHAN Lee has spent 30 years in the shipping business. But he was as excited as a rookie over the scene
      NYT; PHOTO: NYT  -  1,323 words
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      45 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-11 Real Estate 12-13 Banking Finance 14 Energy Commodities 15 Technology 16 Consumer 17 Transport 18 Govt Economy 19-21 Opinion 22-23 Wealth 24-26 Life Culture 27 LIVING Dining L2-7 Design L8-9 Motoring L10-11 Health L12
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      127 3 TURNING PASSION INTO OPPORTUNITY As a franchise owner you will enjoy Simple, effective systems for educating, marketing, sales and operations Extensive, proprietary curriculum, customised to the educational requirements of each student A time tested business model proven to attract and retain students A low overhead model with tremendous growth potential
      127 words
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      303 7 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF DAIWA CAPITAL MARKETS FUTURES PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****1630W At an Extraordinary General Meeting of the Company duly convened and held at 6 Shenton Way, #26-08 OUE Downtown, Singapore *****9 on
      303 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Making a difference
      2573 8 / 9  -  Legal eagle Jami McKeon keeps her firm ahead of the curve with dedication and much passion for law, striving to solve problems and change lives. By Claire Huang By Claire Huang huangjy@sph.com.sg @ClaireHuangBT JUST days away from announcing a trailblazing deal that would put Singapore on the
      PHOTO: ARTHUR LEE  -  2,573 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Cordlife keeps its eyes on the prize business growth
      932 10  -  Chief exec Jeremy Yee would rather focus on firm’s push into India, Indonesia, Philippines By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IF there is one thing about Cordlife group chief executive Jeremy Yee that sticks in one’s mind, it’s that he is
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    • Article
      Lock icon Rowsley, Vietnam partner drop JV project in Myanmar
      184 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore BARELY two months after unveiling a pact with a major Vietnam conglomerate to tap Myanmar’s booming real estate, Rowsley has abandoned the plan. In an announcement to Singapore Exchange, Rowsley said it has mutually agreed to
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    • Article
      Lock icon COMMODITY FUTURES
      193 11 Apr-2 Price Net change change Last Trade Agricultural Apr-2 CBOT Soybeans (US cents/bu) 986.00 -3.75 -0.38% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.04 0.35 1.14% 14/05/2015 CBOT Wheat (US cents/bu) 536.25 7.75 1.47% 14/05/2014 Apr-2 LIFFE Cocoa (£/tonne) 1939.00 19.00 0.99% 13/05/2015 LIFFE Coffee (US$/tonne) 1778.00 28.00 1.60%
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    • Article
      Lock icon PALM OIL
      57 11 Apr 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 15 2210.0 2178.0 2210.0 2195.0 40 533 May 15 2181.0 2196.0 2197.0 2176.0 2116 ***** Jun 15 2176.0 2191.0 2192.0 2170.0 ***** ***** Jul 15 2168.0 2180.0
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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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      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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      Lock icon STOCK MARKETS
      2 11
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 11 Apr 2 Most active 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 2 Index Change Change Change Change Change Change World Preliminary 1334.8 0.5 4.6 0.2 4.9 0.6 2.3 EAFE Preliminary 1093.2 0.5 10.8 0.6 8.0 1.0 5.4 Europe Preliminary 1542.3 0.2 11.6
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  • REAL ESTATE
    • Article
      Lock icon Higher GCB prices despite fewer sales
      592 12  -  Depleted supply of bungalows keeps prices firm even as transactions fall to 10-year low By Fiona Lam fionalam@sph.com.sg Singapore PRICES of good class bungalows (GCBs) are likely to rise or hold firm this year while the number of transactions remains low, property market observers
      592 words
    • Article, Illustration
      Lock icon Low-cost homes in Dubai to ease bottleneck?
      824 12 Bloomberg Dubai WALID Zahra has a 25-minute trip home from his office in Dubai if you don’t count the two hours that he spends waiting at a café for the traffic to clear. “I decided it’s better to spend that time reading papers
      Bloomberg; PHOTO: BLOOMBERG  -  824 words
    • Article
      Lock icon Canada’s shoddy condos deter insurers
      326 13 They’ve stopped taking on new business and are demanding higher premiums as claims rise Reuters Montreal RISING claims for water damage in condo buildings and inadequate regulation have led insurance companies to refuse new clients or demand higher premiums for coverage, adding fuel to concerns
      Reuters  -  326 words
    • Article
      Lock icon House hunt
      682 13 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 18 AND FEB 24, 2015 VPL |M 1 NAME-' ETRETMAME Diwr Tvri: it l«A£ cwrr TEMURt (lum-irv-ANLp ■UfUnbOiTi I'HllT CSSOOQ) rsi m District 1 NON-l ANDED Manna One Residences Apt 23/02/2015 99 66* 1672 3505 VOnShenton Apt 8/07/2015
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Citigroup’s main bank unit seen as target for plea in forex case
      806 14 Authorities want pleas from more important entities while companies prefer smaller units Bloomberg New York The US Department of Justice is pressing for Citigroup Inc’s main banking subsidiary to plead guilty to a felony tied to the rigging
      Bloomberg; PHOTO: BLOOMBERG  -  806 words
    • Article
      Lock icon Peer-to-peer lending surges in US
      484 14 Such online platforms offer borrowers better rates than conventional banks AFP New York JOSH Smith, a 30-year-old blogger on finance, was in the midst of a career change in 2009 when he sought to refinance US$8,000 in credit card debt. “At the time, I was
      AFP  -  484 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon US rig count at low point as decline slows
      517 15 Reuters New York TWO weeks of thin declines in the US rig count have raised expectations that drilling activity is nearing a pivotal level that could dent production, bolster prices and coax idle rigs back to the field after a precipitous
      Reuters  -  517 words
    • Article, Illustration
      Lock icon Petrobras woes reach Europe as slowdown leaves partners hanging
      712 15 The European firms cite late payments, delivery delays or other difficulties in Brazil Bloomberg Madrid WHEN Italian oil services company Saipem SpA spent US$300 million at the start of the decade in Brazil, it joined a long list of foreign companies
      Bloomberg; PHOTO: BLOOMBERG  -  712 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon US tech giants under pressure, scrutiny
      738 16 Big players face inquiries in European anti-trust investigations NYT London IT IS not a good week to be a giant American tech company in Europe. The European anti-trust investigation into Google appears to be heating up. More European countries are looking into Facebook’s privacy
      NYT; PHOTO: REUTERS  -  738 words
    • Article
      Lock icon Samsung may make chip in new iPhone
      461 16 Bloomberg Seoul SAMSUNG Electronics Co will manufacture the main chip in Apple Inc’s next iPhone model, regaining a customer previously lost to Taiwan Semiconductor Manufacturing Co, people with direct knowledge of the matter said. Samsung will start making Apple A9 processor chips at
      Bloomberg  -  461 words
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      70 16 HOT PROPERTY EXCLUSIVE LISTING! MUST Sell! 999 yr Tavistock Ave, NE. 2735/4000 sf. 5 bdrm, koi pond. windy, amenities V i e w 2 5 p m S E R A N goon Garden New Modern F'hold 2.5sty Semi-d 3331/5674sf Lift, Pool. FH 3-STY CLUSTER Semi-D at Brighton Ave. 4+1+Pool
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  • CONSUMER
    • Article
      Lock icon US winter blamed for high Easter-egg prices
      506 17 Frigid temperatures lead consumers to demand more eggs while exports also surge Bloomberg Chicago ADD record prices for Easter eggs to the list of annoyances spawned by this year’s frigid US winter. Why eggs? Because when it’s cold out, consumers want to poach,
      Bloomberg  -  506 words
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      Lock icon March world food prices fall to lowest since 2010
      281 17 Reuters Rome GLOBAL food prices fell in March to their lowest in almost five years as supplies for most commodities, including cereals and meat, remained robust, the United Nations food agency said on Thursday. The UN Food and Agriculture Organization’s (FAO)
      Reuters; PHOTO: AFP  -  281 words
    • Article
      Lock icon Brazil’s M&A deal values lowest in 2 years
      669 17  -  Sao Paulo Reuters THE value of mergers and acquisitions in Brazil in the first quarter slipped to its lowest in two years, as slumping confidence and an economic downturn prevented buyers and sellers from finalising deals in Latin America’s largest economy. In
      Reuters  -  669 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Toyota to end 3-year expansion freeze: sources
      398 18 It plans to invest 150 billion yen to build 2 new plants in Mexico and China Reu ters Tokyo JAPAN’S Toyota Motor Corp will spend about 150 billion yen (S$1.7 billion) to build two new car plants in Mexico and China, two people
      Reuters  -  398 words
    • Article
      Lock icon Boeing official pleads guilty to kickbacks from suppliers
      154 18 Reuters New York A BOEING Co procurement official is among seven people who have pleaded guilty in a kickback scheme that involved giving confidential bidding information to suppliers to the aerospace company’s satellite division, prosecutors said on Thursday. The Boeing official, Mark
      Reuters  -  154 words
    • Article
      Lock icon Delta, American Airlines’ spat intensifies
      632 18 Bloomberg Atlanta DELTA Air Lines has asked US regulators to prevent American Airlines from starting flights between Los Angeles and Mexico City. This is the latest shot in recent friction between the two carriers. American has sought clearance to take over the route from Alaska
      Bloomberg  -  632 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon March job gains smallest since December 2013
      753 19 This and recent growth slowdown may delay Fed’s expected interest rate increase LATEST US DATA Reuters Washington US employers added the fewest number of jobs in more than a year in March, which could heighten concerns over the recent slowdown in economic growth
      Reuters; PHOTO: REUTERS  -  753 words
    • Article
      Lock icon Euro debate ignites in East European Union states
      565 19 Some say joining the bloc will help their economies, but there are many obstacles WP Prague WHILE Greece may be at risk of an unplanned exit, policymakers in the European Union’s east are reopening the debate about whether to join the euro
      WP  -  565 words
    • Article, Illustration
      Lock icon China’s services sector expands in March
      508 20 But private survey reveals slowing job growth pointing to weakness in the economy Reuters Beijing CHINA’S services sector expanded in March even as growth in employment and new business fell to their lowest in at least eight months, a private survey showed on Friday,
      Reuters; PHOTO: AFP  -  508 words
    • Article
      Lock icon More economic mobility promotes a healthier economy, says Yellen
      477 20 She urges research on public policies which can help people to get ahead WP Washington FEDERAL Reserve chairwoman Janet Yellen said that economic mobility strengthens the economy and more research is needed on factors that influence it, including how families affect
      WP  -  477 words
    • Article, Illustration
      Lock icon China’s former security chief charged with bribery, abuse of power
      747 21 Proceedings to be China’s most significant since those against the Gang of Four AFP Beijing CHINA’S former security chief Zhou Yongkang was charged on Friday with bribery, abuse of power and disclosing state secrets, authorities said, making him the most
      AFP; AFP FILE PHOTO  -  747 words
    • Article
      Lock icon Malaysia’s February exports down 9.7%
      414 21 Reuters Kuala Lumpur MALAYSIA’S exports fell 9.7 per cent in February from a year earlier, the biggest drop since September 2009, due to a slump in oil prices and a weakening Chinese economy that cut demand for commodity shipments. Imports edged up and that trend
      Reuters  -  414 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      35 20 Excess supply of housing is temporary. Exclusive interview with Ismail Ibrahim, Chief Executive of Iskandar Regional Development Authority. Ibrahim, Chief Executive of Iskandar Regional Development Authority. mmm\ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      35 words
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  • OPINION
    • Article, Illustration
      Lock icon Build, rather than buy, your successors
      1128 22 / 23  -  Succession planning is pivotal to the growth of firms in Asia, but firms are still not doing enough. By Anita Wingrove By Anita Wingrove The writer is managing director, Asean Hong Kong, Leadership and Talent Consulting, Korn Ferry SUCCESSION management and planning is becoming
      FILE PHOTO  -  1,128 words
    • Article
      Lock icon The bitter aftertaste of sugar
      844 22 / 23  -  By Elga Bartsch, Carmen Nuzzo Elga Bartsch is global co-head of economics and Carmen Nuzzo is European economist, at Morgan Stanley in London HAVE you ever thought that eating sugar would matter for long-term economic growth? Our latest research shows that it might cost a
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  • Page 22 / 23 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Female-run venture capital funds alter the status quo
        1329 24 / 25  -  Venture capital firms run by women show that there are now enough financially successful women who can take on the big boys of finance By Claire Cain Miller NYT STEP into the offices on Sand Hill Road, the heart of Silicon Valley
        NYT; PHOTOS: NYT  -  1,329 words
      • BROKERS’ TAKE
        • Article
          Lock icon Keppel Corp
          118 24 / 25 Buy April 2 close: S$8.95 Target price: S$11.10 RHB Research April 2 Keppel Corp has secured 95.1 per cent of Keppel Land shares, just 0.4 per cent shy of being able to compulsorily acquire the minority shareholdings. M a i n t a i n“ b u y”
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        • Article
          Lock icon Mapletree Logistics Trust Hold
          145 24 / 25 Hold DBS Group Research April 2 April 2 close: S$1.235 Target price: S$1.27 Mapletree Logistics Trust (MLT) has entered into an agreement with Nippon Express (existing tenant) to undertake an asset enhancement initiative (AEI) at Moriya Centre in Ibaraki, Japan. The planned AEI will be undertaken
          145 words
        • Article
          Lock icon Oversea-Chinese Banking Corp
          176 24 / 25  -  By Kenneth Lim Buy +UOB Kay Hian April 2 April 2 close: S$10.62 Target price: S$12.65 OCBC’s current fully-loaded common equity tier-one capital adequacy ratio of 10.6 per cent is above the minimum requirement of 9 per cent but inferior compared with peers’ (DBS: 11.9 per cent,
          176 words
      • Article, Illustration
        Lock icon Rethinking the emerging market asset class
        921 26 It may no longer be a sufficiently useful and accurate catch-all classification for investors Bloomberg New York THE concept of an “emerging-markets asset class” (EM) may no longer be a sufficiently useful and accurate catch-all classification for investors. The implications of this shift are
        Bloomberg; PHOTO: AFP  -  921 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon The suit loosens up
      772 27 The formal men’s suit, once the preserve of the dark ages of fashion, is being deconstructed for more fun NYT New York IN the beginning, there were the rules, handed down from the proverbial mount. Thy suit shall be thy prison, in sturdy black, navy blue
      NYT; PHOTO: NYT  -  772 words
    • Article
      Lock icon Art lovers get naked for new exhibition
      274 27 AFP Sydney ART lovers have stripped off for nude tours of a new exhibition at the National Gallery of Australia, a concept designed to remove the material barrier between artist and audience. The first adults-only tour, where clothes are discarded, attracted about 50
      AFP  -  274 words
  • Page 27 Miscellaneous
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      321 27 CRYPTIC CROSSWORD Across 1 Plot swindles and breach of copyright (10) 6 Shrewd to ignore right of course (4) 10 Performance scheduled for part of London (5) 11 Gamble on Eire developing a particular pet hate (4,5) 12 Steal, but lawyers win (7) 13 Draw out professional student working with
      321 words
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      111 28 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
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      84 1 preview 4-5 APRIL 2015 THE BUSINESS TIMES WEEKEND 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 AFP by photo OYSTER
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  • 4-5 APRIL 2015 | THE BUSINESS TIMES WEEKEND
    • editor’s letter
      • Article, Illustration
        Lock icon masters 2015
        385 2  -  Tiger Woods, Rory McIlroy and the US Masters. I can think of no better way to start a golf publication than to feature golf’s two biggest names and arguably the game’s greatest Major. BY S. MURALI Welcome to Swing, a new monthly special, produced by Singapore Press Holdings.
        Fox illustration by Nathan  -  385 words
    • masters 2015
      • Article, Illustration
        Lock icon CACH THE TIGER, WILL HE SHOW?
        1040 4  -  TBY CACH THE WILL HE SHOW? he he exceptional athlete becomes a fixture, not just in the memory, or in our book cases, or in posters on our walls, but often in a particular landscape. When we place him in our imaginations, it is
        Images Action photo  -  1,040 words
      • Article, Illustration
        Lock icon SMALL WONDER THE 12TH HOLE AT AUGUSTA GOT MY RESPECT
        279 6  -  ‘I ALWAYS PLAYED IT SMART HERE: MIDDLE OF THE GREEN.’ BY JACK NICKLAUS This is one of the best and also most dangerous holes in golf. I love it because it makes you think and tempts you to try bolder
        illustration by Chris O’Riley  -  279 words
      • Article, Illustration
        Lock icon HOW? TIGER GOT!! !!!THE Y!PS!!
        1953 8 / 9  -  BY HANK HANEY It doesn’t have anything to do with Tiger’s new swing consultant, Chris Como, and what they’re working on in his full swing. It isn’t because the fixes in his long game are leaking into his chipping. It isn’t a mechanical flaw. It
        opening page: Maddie Meyer/Getty Images • this page: Action Images  -  1,953 words
    • Singapore scene
      • Article, Illustration
        Lock icon TIME TO PUSH GOLF IN SINGAPORE
        998 10  -  TIME TO PUSH I N SINGAPORE ost of today’s about two the “golden took off o or three ost of today’s ardent golfers here took up the game about two or three decades ago. That was the “golden era” of the game, when the
        998 words
      • Article, Illustration
        Lock icon UNDERCOVER TOUR PRO
        648 11  -  BEING PAIRED WITH tiger: it’s a circus, GOOD AND BAD with Max Adler It’s a strange experience to be followed by 2,500 people and be completely ignored. The crowd only cares for what he does. Except for maybe 15 big names, this is what you have to
        illustration by Eddie Guy  -  648 words
    • THE STORY OF RORY
      • Article, Illustration
        Lock icon THE STORY OF RORY
        4607 12 / 13  -  HE’S CHISELLED, HE’S FOCUSED AND HE’S READY TO GO FOR THE CAREER SLAM Aand indutrial chic of a vat ChelseaPiersgymontheWestSideof cIlroy is right at home high-tech fi tness shirt straining across his pping frearms, sharply defi ned jawline, curly lcks crpped clse. leek, trong and tylih.
        illustration by Nigel Buchanan; DAVID CANNON/R&A VIA GETTY IMAGES  -  4,607 words
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      274 3 DISTINCTION RARELY WAITS. THE BMW 640i GRAN COUPÉ AND BMW 730Li PROGRAMME CARS. Performance Motors Limited pml-bmw.com.sg Sheer Driving Pleasure BMW SERVICE INCLUSIVE. MAINTENANCE COVERED. REPAIR EMBEDDED. Experience distinction and power in every acceleration and turn of the stylish BMW 640i Gran Coupé and luxurious, top-of-the-line BMW 730Li Programme Cars.
      274 words
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      105 4 2 nd RUNNER UP BEST GOLF COURSE IN MALAYSIA asiangolf C 4 it AX ■mm V, I f Validity: 1 April 30 April 2015 Weekdays Afternoon: Local RM 121.90 nett International RM 143.10 nett Weekends Noon RM 233.20 nett The above package inclusive of green fee per pax, buggy and
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      152 5 DIALED IN WEIGHTING THAT DIALS UP DISTANCE rs a 10.5 /w 0 a 1 n Q It’s not only about shaving weight. It’s about where you put it. Every product in the Fly-Z™ family takes its own unique approach to weight placement. That way, no matter how you swing, there’s
      152 words
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      97 6 Introducing the New Pro VI and Pro V1x. MAKE A DIFFERENCE IN YOUR GAME. Titleist continues to set the standard for golf ball excellence by earning the trust of millions of golfers worldwide. The new Pro VT and Pro VIx™ provide total performance for every player. They deliver extraordinary distance
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      79 6 Win one of three Cobra Fly-Z drivers and start splitting those fairways How? Simply answer the following question: The Cobra Fly-Z Driver is engineered to deliver the ultimate blend of maximum distance and increased forgiveness. True/False SMS your choice to *****7877 in the following format: SPHGOLFDRIVER<space> Answer<space>NRIC<space>Name Each SMS costs
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      428 7 Jlmmcing, Jftailmtd m 11 *)A1C V Golf and Thai gourmet cuisine all in onei/l 9-12 May 2015, Bangkok Savour authentic Thai cuisine presented by Blue Elephant Cooking School and Restaurant Thai Culinary Ambassador since 1980 Special Package Single at S$618 Twin-share at S$488 Package includes: 3 nights accommodation at Mandarin
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      138 11 Win a pair of Footjoy's latest Hyperflex shoes How? Simply answer the following question: Hyperflex's Next Evolutionary Outsole provides lightweight stability and performance. True/False Each SMS costs 20 cents. Multiple entries are allowed. Participants must be 18 and above. Terms and conditions apply. Contest closes at noon, April 10, 2015.
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      44 16 OYSTER PERPETUAL SKY-DWELLER V t ROLEX as m 0 r i V m o' »y. s. K,’ PZ *ci m <•&> cortinawatch CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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