The Business Times, 6 April 2015

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, April 6, 2015G
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  • DAILY DIGEST
    • 38 1 development in the suburbs at about half the rentals of Grade A CBD offices could lure Google, Microsoft and others to the second phase of Mapletree Business City. TOP STORIES 4
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    • 39 1 pointed to a rout in US stocks this week after a shocker of a March jobs report. The only thing that could arrest the slide would be ebullient outlooks from Alcoa and other major companies.TOP STORIES 6
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    • 30 1 that chairman Mohamed Alabbar and Emaar Properties, the company he founded in 1997, could soon part ways despite a denial from the firm last month. REAL ESTATE 14
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    • 28 1 managers suffered losses last month as the US stock market’s rally stalled, but most are still boasting gains for the quarter. BANKING FINANCE 18
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    • 34 1 an US$18 billion plan to spread the information revolution to its provinces, the problems that it faces are a holdover from the past electricity shortages, badly planned cities, and monkeys. TECHNOLOGY/22
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    • 19 1 is persuading Europe’s nation of savers to open their wallets and live a little. CONSUMER/24
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    • 27 1 a RM20 million scholarship scheme in an effort to stem as well as reverse the outflow of talent from the state. GOVT ECONOMY 26
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    • 28 1 announced a criminal investigation into the US$2.3 billion purchase of 10 Airbus aircraft for the loss-making national carrier under the former government. TRANSPORT 28
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  • 25 1 Weekly Change STI 3,453.75 +3.65 KL Comp 1,834.52 +21.15 Nikkei 225 19,435.08 +149.45 Hang Seng 25,275.64 +789.44 Shenzhen B 1,172.33 +22.74 Dow 17,763.24 +50.58
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  • 1475 1  -  Further declines in land prices are expected for the rest of this year in the face of falling selling prices for projects, say consultants By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAUTION about the local residential market has kept developers’
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  • Page 1 Advertisements
    • 97 1 Hill 8 '*****1 *****4 TOPLINE Strategic decisions pay off for Ho Bee COMPANIES MARKETS 7 s s s s V A THE CLASSICAL WATCH BY ROLEX ROLEX PRESENTS THE NEW CELLINI COLLECTION, A CONTEMPORARY CELEBRATION OF CLASSICISM AND THE ETERNAL ELEGANCE OF TRADITIONAL TIMEPIECES. CONSISTING OF 12 CLASSICALLY INSPIRED MODELS,
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    • 33 1 ASIAN INFRASTRUCTURE INVESTMENT BANK A fillip to growth for the private sector VIEWS FROM THE TOP 16 AGM WATCH Companies urged to adopt non-December year-ends to avoid bunching in April top stories 2
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    • 16 1 THE NAKED FINN Simple good food at the little restaurant that grew up DINING OUT 31
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  • TOP STORIES
    • 1201 2 Some upcoming shareholder meetings in April COMPANY TYPE PLACE DATE TIME Excelpoint Tech Tuan Sing Fragrance Grp Ltd Ifast Corp Magnus Energy Grp Megachem Ltd United Fiber System EMS Energy Ltd Cacola Furniture Intl M1 Cache Logistics Keppel Reit Sabana Reit TT Intl Suntec Reit BH Global China
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    • 1300 2  -  Suggestion to avoid usual bunching of AGMs at the end of April AGM WATCH By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore ANNUAL general meeting season is here again, along with investor gripes that too many AGMs are held simultaneously towards the end of April. To
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    • 797 4  -  Healthcare technology group Covidien also said to be eyeing space at second phase of Mapletree Business City By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE attraction of a spanking new business park development in the suburbs at about half the rentals of Grade A
      PHOTOS: MAPLETREE INVESTMENTS, ST FILE PHOTO  -  797 words
    • 894 6  -  But strong outlook reports from Alcoa and other companies reporting earnings this week can prevent a slide WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg TIMBER! Stock futures pointed to a rout in US stocks this week after a shocker of a March jobs
      PHOTO: REUTERS  -  894 words
  • Page 2 Advertisements
    • 29 2 FROM THE HEART OF EURASIA FLY TO KAZAKHSTAN AND BEYOND r N Tel:+65 6223 8377 air astana Hong Kong Almaty 2 a week Seoul Almaty 3 a week airastana.com
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  • Page 3 Advertisements
    • 707 3 HOW SATISFIED ARE YOUR CUSTOMERS? CUSTOMER SATISFACTION INDEX OF SINGAPORE 73.0 Public Education* 74.3 ITE* 73.5 Universities 79.2 SMU* 74.3 NUS 70.6 NTU 71.1 Polytechnics 76.5 Singapore* 71.6 Temasek 70.1 Ngee Ann 69.4 Republic 66.5 Nanyang 2007 72.4 Finance Insurance* 71.1 73.6 Life Insurance* 75.2 Great Eastern* 75.2 AIA 73.9
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  • Page 4 Advertisements
    • 1612 4 April 2, 2015 Re: Invitation to the 2015 Annual General Meeting of Shareholders To: All Shareholders of Thai Beverage Public Company Limited Enclosures: 1. Copy of the Minutes of the 2014 Annual General Meeting of Shareholders 2. Annual report together with the report of Board of Directors and the Consolidated
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  • Page 6 Advertisements
    • 1546 6 The Business Times Ik I 1 I /“I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg J J i j L J www.sphclass.com.sg/notices ~l LHT HOLDINGS LIMITED Company Registration No. *****3094E (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual
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    • 1569 6 NOTICE OF ANNUAL GENERAL MEETING GREEN BUILD TECHNOLOGY LIMITED (Company Registration No. *****1338W) (the “Company”) GREEN BUILD TECHNOLOGY NOTICE IS HEREBY GIVEN that the Annual General Meeting of GREEN BUILD TECHNOLOGY LIMITED will be held at RELC International Hotel, 30 Orange Grove Road, Singapore *****2 on Tuesday, 21 April 2015
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  • COMPANIES & MARKETS
    • 1229 7  -  The pioneer in Sentosa Cove projects shifted its focus from Singapore in good time to ride the uptrend in Australia and London.BY TTTOPLINE London.BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT WHEN property prices rebounded sharply after the global financial crisis and cues from the Singapore
      FILE PHOTO  -  1,229 words
    • 853 8  -  Directors should have a clear focus: their fiduciary duties to the company override any duty to individual shareholders. BY ABDUL JAB BAR BIN KARAM DIN shareholders.BY ABDUL JABBAR BIN KARAM DIN T The writer is a member of the professional development committee of the Singapore
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    • 1724 8  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd DIRECTOR activity rose based on filings on the exchange during the holiday-shortened week of March 30 to April 2 with 16 companies that recorded 34 purchases worth S$9.6 million versus
      BT Graphic  -  1,724 words
    • 9 8 Croci Branchen Stars R1C-A 30/03/2015 238,27 EUR
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    • Article, Illustration
      64 10 STI Catalist WEEKLY straits Times index April 2,2015 3,453.75 +3.65 (+0.11%) Current streak 2 days Week high 3,454.26 Week low 3,447.01 52-week high 3,453.75 (Apr 3, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist index April 2,2015 702.39 +3.11 (+0.45%) Current streak 1 day Week high 702.39 Week
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    • 669 10  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WAS it a good thing that Wall Street was closed on Friday and couldn’t react to the shockingly weak March US jobs report? These days it’s hard to be sure, though on balance, you’d
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    • 317 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 260 +4 260/255 263 219 5.5 6573.7 CapitaLand 357 -3 367/357 371 290 13.1 2.5 *****.5 CapitaMall Trust 222 +6 224/216 226 188.5 4.9 7701.2 CityDev 1019 cd +1 1021/1000 1118 915
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    • 36 10 STI FTSE ST All-Share WEEKLY ftse ST All-Share index April 2,2015 826.96 +0.71 (+0.09%) Current streak 2 days Week high 827.18 Week low 825.48 52-week high 826.96 (Apr 3, 2015) 52-week low 766.44 (Oct 17, 2014)
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    • 78 10 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 479.4 2.6 *****/***** DBXT China50 US$ 3625 260.8 5.6 3643/2699 Lyxor ChinaH US$ 1735 142.6 6.4 1735/1280 DBXT MSCHINA US$ 1501 116.8 6.1 1501/1145 Jardine C&C 4200 80.0 1.9 4901/3850 BY PERCENTAGE CLOSE UP 52w high/low Ntegrator W*****3 0.7
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    • 80 10 BY CENTS CLOSE DOWN 52w high/low IS S&P500 US$ ***** -169.8 -0.6 *****/***** DBXT MSEurope US$ 5886 -167.1 -2.0 6492/5366 DBXT USDIGIfl US$ ***** -129.0 -0.3 *****/***** DBXT STGLDv US$ 3128 -114.1 -2.6 3542/3081 DBXT MSJAP US$ 5034 -104.6 -1.5 5111/4260 BY PERCENTAGE CLOSE DOWN 52w high/low Ezion MBeCW*****4
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    • 83 10 VOL CLOSE($) CHANGE IPC Corp 56,726.6 0.200 +0.028 +16.28 BlackGoldNatural 68,613.0 0.260 -0.015 -5.46 Net Pacific Fin 6.0 0.028 -0.003 -9.68 Foreland FabriT 1,059.0 0.010 -0.005 -33.33 ES 1,162.7 0.142 -0.048 -25.26 Cedar Strategic 3,758.0 0.002 +0.001 +100.00 Matex Intl^ 825.0 0.070 -0.009 -11.39 Ellipsiz 82,366.4 0.141 +0.010
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    • 33 10 VOLUME SinoConstruction 244,827,100 IHC 213,368,800 Ellipsiz 181,962,300 SIIC Environment 170,987,400 Vallianz 136,795,600 Market volume 6,293,782,000 VALUE Singtel 299,247,278 UOB 261,837,472 DBS Grp 226,703,488 CapitaLand 199,857,172 Global Logistic 190,295,325 Market value 4,274,660,000
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    • 110 10 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US787 +30 1144 791/761 1000/636 785/787 98.4 STI ETF 344 -1 637 346/343 349/319 344/345 Lyxor World US$ US176.8 +0.3 556 176.8/176.5 179.1/160.8 176.1/177 17.7 UETF SSE50China 265 +12 544 271/258 271/140
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    • 121 10 COMPANY MEETING PLACE DATE TIME Excelpoint Tech A Grand Mercure Roxy S’pore 50 East Coast Road Roxy Square (Lvl 3) Meyer Frankel Room 08-Apr 3.00pm Tuan Sing Hldgs A NTUC Centre 1 Marina Boulevard Room 801 (Lvl 8) 09-Apr 11.00am Fragrance Grp Ltd A 168 Changi Rd #05-01
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    • 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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    • 35 10 STI MSCI EAFE WEEKLY MSCI EAFE index April 3, 2015 1,872.87 +3.04 (+0.16%) Current streak 3 days Week high 1,872.87 Week low 1,849.34 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 3 3 0 0 0 11 3 3 Manufacturing 68 67 34 9 13 14 77 80 48 Commerce 25 28 22 6 11 2 31 39 24 Tpt/Stor/Comms 20 18 4
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    • 123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 71,557 71,557 290,944 290,944 Manufacturing 579,618 317,726 897,344 361,041 15,604 376,645 Commerce 282,677 381,980 664,657 277,937 34,159 312,096 Tpt/Stor/Comms 540,165 10,042 550,207 731,842 700 732,542 Finance 69,288 1,689 70,977 732,437 421 732,858 Construction 342,455 91,105
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    • 774 10 COMMODITIES AFP London WORLD oil prices sank last week as traders eyed a possible Iran nuclear energy deal that could ease sanctions on the crude producer and potentially add to global oversupply. In late Thursday afternoon deals, Brent crude tumbled more than
      AFP  -  774 words
    • 418 11 CURRENCIES BLOOMBERG New York THE dollar slid for a third week, capping the longest streak of losses in almost a year, as a report showing cracks in the US labour market threatened the outlook for interest-rate increases. The greenback
      BLOOMBERG  -  418 words
    • FOREX RATES
      • 471 11 Apr 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.958 4.705 0.701 5.885 47.209 98.616 0.907 8.307 2.786 1.014 77.290 33.747 1.031 9.076 0.731 23.626 24.624 0.511 0.759 Canada 1.044 4.912
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      • 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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      • 21 11 Apr2 S$ Bid Offer 1-month 1.3591 1.3604 2-months 1.3600 1.3613 3-months 1.3608 1.3623 6-months 1.3636 1.3652 Source: OCBC
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      • Article, Illustration
        3 11 WEEKLY
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      • 3 11 COMPOSITEWEEKLY
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      • Article, Illustration
        2 11 WEEKLY
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      • Article, Illustration
        3 11 WEEKLY
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    • BANK RATES
      • 154 11 Apr 2 $S Offer Bid 0vernight 0.10 0.07 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0625 0.9375 Overnight mode: 0.25 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • 36 11 Apr 2 1 mth 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • 69 11 Apr 2 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-24 107.23 107.40 107.20 15-Year NY*****E 2.875 01-Jul-29 105.36 105.50 105.20 20-Year NZ*****V 3.375 01-Sep-33 110.72
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    • EQUITY BONDS WARRANTS FUTURES
      • 357 11 Apr 3 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.92 *****.05 *****.50 Apr15 *****.50 *****.50 *****.00 *****.50 *****0 *****4 May15 *****.00 *****.00 *****.50 *****.00 1986 2177 NIKKEI 225 INDEX FUTURES SPOT *****.04 *****.08 *****.04 Jun15 *****.00 *****.00 *****.00 *****.00 *****6 *****5 Sep15
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      • 212 11 Apr 02 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.3 0.7 ***** 1 18 18 UOB MB eCW*****1 11.2 -2.1 ***** 0.1 2380 3 OCBC Bk MB eCW*****3 10.2 -0.7 ***** 0.2
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      • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Apr 3 Index Change Change Change Change Change Change World Preliminary 1335.4 0.1 4.7 0.1 4.9 0.1 2.4 EAFE Preliminary 1094.7 0.1 10.9 0.1 8.2 0.1 5.5 Europe Preliminary 1542.3 0.0 11.6
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    • AGRI METALS ENERGY
      • 216 11 Apr-2 Prrc W«tttUfTJD ‘'•dan^e ostTraae Agricultural CEC1 *&C0 4?3 0. Ji A<n-2 UOEOOje ami iayoam (311(5 ainBfll)) 035 I M% UC50Q15 t:ii(u wtaii nih cvnwrad >A IJ.’% TMwpini IFI-l; (i««(EM«n mm T v«p 3VK A|tf-2 Tl/Wi77Ptli WtEWIwllBWOTPH) *.J7$rr 7? ft. \H0> ifiW.TII'' UfH WWtt 2 EDI HlQABind MT31
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    • 656 12  -  Over 150 units sold at Botanique at Bartley, and over 300 units sold at North Park Residences in Yishun By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore TWO Singapore-listed developers started sales for their new condominium projects over the weekend. UOL Group said it
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    • 1935 12 Payment Ex Rec Pay Ann (cts) date date date date Adv Integrated Mufg ak 0.230 06-May 08-May 20-May 27-Feb AIMS Property Sec Fd (1 Jan-31 Mar 2015) ag 0.179 27-Mar 31-Mar 19-Jun 24-Mar ARA Asset Mgmt ak 2.700 30-Apr 05-May 19-May 17-Feb Aspial Corp Ltd ca 0.800 08-May
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    • 265 12 Apr 2 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Tokyo-Mitsubishi 5.50 Banque Internationale a 5.75 Bank of Singapore 5.50 Bank
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    • 1580 12 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.50 1.50 2 9.85 15.08 1.66 1.49 Amtek Engineering Ltd 2.00 2.00 2 0.06 7.52 0.83 0.63 ARA Asset Management Limited 1.67
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 1002 8 THE BUSINESS TIMES Ik II I 1 Toll free 1800-289-8822 I I I Email notices ysph.com.sg M I I i B j ij www.sphdass.com.sg/notices ISETAN (SINGAPORE) LIMITED Company Registration No. *****1177H (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the
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  • Page 13 Advertisements
    • 2255 13 14 SMG SINGAPORE MEDICAL GROUP Singapore Medical Group Limited Company Registration Number *****3187W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of Singapore Medical Group Limited (the “Company") will be held at 290 Orchard Road. #17-11 The
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    • 3514 13 NSL LTD (Incorporated in Singapore) Company Registration Number *****0107C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 55th Annual General Meeting of NSL LTD. (the “Company”) will be held at Bridge Rooms 1, 2 and 3, Raffles Marina, 10 Tuas West Drive, Singapore *****4 on 28 April
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  • REAL ESTATE
    • 1010 14 Shareholders stirred by Emaar’s brain drain and chairman’s involvement in other firms’ projects REUTERS Dubai AS chairman of Emaar Properties, Mohamed Alabbar has shaped much of Dubai’s skyline, but rapid growth in his outside real estate interests is raising the possibility of a
      REUTERS; PHOTO: REUTERS; PHOTO: BLOOMBERG  -  1,010 words
    • 1158 14 NYT New York HERE’s an old story: Your favourite dive bar/record shop/little Cuban restaurant gets turned into a Citibank/Apple store/luxury condominium. You pass through denial, anger, bargaining, depression, then inevitably settle into acceptance. For nearly a decade, Jeremiah Moss has been
      NYT; PHOTO: NYT  -  1,158 words
    • 150 14 REUTERS Dubai DUBAI property developer DAMAC will consider taking an equity stake in a project to build a 50-storey mixed-use tower in central London, which would mark its entry into the British market, it said on Sunday. The second biggest Dubai
      REUTERS  -  150 words
  • Page 14 Advertisements
    • 27 14 Paya Ubi Industrial Park SALE $350psf ONWARDS 5,000 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel:9090 2222 53 Ubi Avenue 1 #01-11
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  • Page 15 Advertisements
    • 792 15 THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE is hereby given that PRACTICAL ASIA LIMITED is in liquidation and that Liew Khee Soon of 35B Mosque Street Singapore *****3 has been appointed as the voluntary liquidator of the Company by resolution of the sole member dated 26th
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  • VIEWS FROM THE TOP
    • 2113 16 THIS WEEK’S TOPIC: What opportunities will the new Asian Infrastructure Investment Bank (AIIB) open up for the private sector? Mark Newman CEO ING Commercial Banking Asia GOOD infrastructure underpins economic development in many Asian countries. For the last decade, there has been a huge demand for
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  • Page 16 Advertisements
    • 31 16 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • 1437 17  -  While there is evidence for secular stagnation, it’s clear the recovery from the global financial crisis was always going to take a while By Keith wade, Azad Zangana, Craig Botham The writers are respectively Schroders chief economist, senior European economist, and emerging markets
      PHOTO: REUTERS  -  1,437 words
    • 847 17 POLITICAL risk is back in the UK. Having just recently avoided a break-up of the political and economic union, the UK is preparing to hold a general election as the fixed five-year parliamentary term comes to an end. The election on May 7 is
      847 words
    • 771 17  -  STARTING YOUNG By Fiona Lam fionalam@sph.com.sg IF you are dipping your toes into the markets and are about to make your first investment, consider the safer products: bonds, blue chips, exchange traded funds (ETFs), and real estate investment trusts (Reits). That was the advice to undergraduates
      PHOTO: NTU-IIC  -  771 words
  • Page 17 Advertisements
    • 105 17 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words

  • BANKING & FINANCE
    • 438 18 But most of the hedge funds are still boasting gains for the quarter REUTERS Boston SOME of the world’s most prominent hedge-fund managers suffered losses last month as the US stock market’s rally stalled, but most are still
      REUTERS  -  438 words
    • 763 18 IFR Hong Kong ASIAN banks are bracing for the impact of new capital adequacy rules, even if the region’s regulators choose not to follow global proposals on total loss-absorbing capacity, or TLAC. Lenders in Asia have been largely exempt from the debate
      IFR  -  763 words
    • 286 18 BLOOMBERG Chicago COMMERZBANK AG and government lawyers gained federal court approval of a US$1.45 billion agreement to defer prosecuting the lender for violating US laws, including sanctions on doing business with Iran and Sudan. Under the accord, Germany’s second-largest lender will pay penalties to
      BLOOMBERG  -  286 words
  • Page 18 Advertisements
    • 2551 18 The Business Times L P Toll free 1800-289-8822 fl I Email notices@sph.com. sg i i L J www.sphclass.com.sg/notices BAKER TECHNOLOGY LIMITED (Unique Entity Number: *****0637D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Baker Technology Limited (the
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  • ENERGY & COMMODITIES
  • Page 19 Advertisements
    • 2026 19 COLEX HOLDINGS LTD Colex Holdings Limited Registration No. *****1485G (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Conference Room, Level 1, 8 Tuas South Street 13, Singapore *****3, on Tuesday,
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  • TECHNOLOGY
    • 1108 20 As innovation landscape shifts over time, any city could be the next Silicon Valley WP Washington SEVENTY years ago, Detroit was the technology capital of the US. Seventy years earlier, at the height of steel’s golden age,
      WP; PHOTO: BLOOMBERG  -  1,108 words
    • 670 22 Current projects ambitious but long-term feasibility required REUTERS Varanasi, India AS INDIA launches an US$ 18 billion plan to spread the information revolution to its provinces, the problems that it faces are a holdover from the past electricity shortages, badly planned, jam-packed cities, and
      REUTERS; PHOTO: REUTERS  -  670 words
    • 507 22 REUTERS New York SOME top shareholders of IBM, disappointed by 11 straight quarters of falling revenues, are seeking help from activist investors to shake up the company, but have been turned down by both Bill Ackman’s Pershing Square and Jeffrey
      REUTERS  -  507 words
  • Page 20 Advertisements
    • 1745 20 Keppel Infrastructure Trust (Registration No. *****02) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 23 July 2009 (as amended)) Notice Of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Keppel Infrastructure Trust (“KIT”) will be held at
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  • Page 21 Advertisements
    • 3202 21 spackmanentertoinmentgroup SPACKMAN ENTERTAINMENT GROUP LIMITED (Company Registration No.: *****1201 N) (Incorporated in the Republic of Singapore) NOTICE OF FIRST ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the First Annual General Meeting of Spackman Entertainment Group Limited (the “Company”) will be held at Orchid Country Club, 1 Orchid Club Road,
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    • 2992 21 CHIP ENG SENG CORPORATION LTD. (Incorporated in Singapore) (Registration No. *****5196H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Riverfront Ballroom 1 (Level 2), Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore *****3 on Thursday, 23 April
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  • Page 22 Advertisements
    • 2973 22 GLOBAL TESTING CORPORATION LIMITED (Incorporated in Singapore) (Registration No. *****9582R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Sheraton Towers Singapore, Diamond Room, Lower Lobby 39 Scotts Road, Singapore *****0 on Wednesday, 29 April 2015 at
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  • Page 23 Advertisements
    • 2990 23 CHARISMA ENERGY SERVICES LIMITED (formerly known as YHM Group Limited) (Incorporated in the Republic of Singapore) (Company Registration No. *****6776D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Charisma Energy Services Limited (the “Company”) will be held at Ballroom 3, The Singapore
      2,990 words
    • 2833 23 SUNPOWER GROUP LTD. (Company Registration No. *****) (Incorporated in Bermuda with limited liability) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2015 Annual General Meeting of the Company will be held at Level 6, Vanda 4, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore
      2,833 words

  • CONSUMER
    • 370 24 BLOOMBERG London MARKS Spencer Group plc said its long-awaited return to clothing sales growth was partly down to a new suede skirt that hasn’t even gone on sale yet. The UK retailer wooed the fashion world in February, as style icons Alexa Chung
      BLOOMBERG  -  370 words
    • 733 24 Retail sales is rising, thanks to lowest jobless rate since reunification and oil price drop BLOOMBERG Berlin GERMANY’S record low unemployment is persuading Europe’s nation of savers to open their wallets and live a little. Take Olaf Heintze, who splashed some of his
      BLOOMBERG; PHOTO: BLOOMBERG  -  733 words
    • 576 24 BLOOMBERG Prague DRIFTING through the aisles of a Kontynent supermarket in Kiev, Mykhaylo Ilchuk was learning what it takes to downsize his personal life. Instead of the usual half-loaf of fresh-baked brown bread, the 58-year-old Ukrainian vocal coach opted for a quarter.
      BLOOMBERG  -  576 words
  • Page 24 Advertisements
    • 1906 24 CDW HOLDING LIMITED (Incorporated in Bermuda on 2 April 2004) (Bermuda Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of CDW Holding Limited (the “Company”) will be held at Changi Room 1, Holiday Inn Singapore Atrium, 317 Outram Road, Singapore
      1,906 words

  • GOVERNMENT & ECONOMY
    • 724 25 REUTERS Kusatsu HIROTOSHI Ogura, a self-described “factory geek”, is Daikin Industries’ master of doing more with less and part of the reason Japan’s recovery remains stuck in the slow lane. As Japan heads into the season of peak demand for room air-conditioners,
      REUTERS; PHOTO: REUTERS  -  724 words
    • 143 25 REUTERS Beijing CHINA’S government released on Sunday a framework to develop sprawling urban areas along the Yangtze River as it moves forward with a decade-long ambition to turn the Chinese heartland into a major economic belt. Although no specific investment details were
      REUTERS  -  143 words
    • 754 25  -  Personal consumption, corporate capital investment haven’t increased, say economists By Anthony Rowley btworld@sph.com.sg Tokyo HAVING arranged for trillions of yen of financial liquidity to be pumped into the nation’s economy over the past two years, Japanese Prime Minister Shinzo Abe’s government is now
      754 words
    • 967 26 Severity of dry spell, now in its fourth year, is forcing a change in the way the state does business NYT Los Angeles FOR more than a century, California has been the state where people flocked for a better life 425,000 square kilometres
      NYT; PHOTO: AFP  -  967 words
    • 448 26  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur PENANG has launched a RM20 million (S$7.4 million) scholarship scheme in an effort to stem as well as reverse the outflow of talent from the state. Chief Minister Lim Guan Eng, in launching the
      448 words
    • 578 26 AFP Washington AFTER years of turning a deaf ear to pressure, US businesses are digging into their pockets to improve the lot of the lowest-paid workers, but also their own images. Faced with a mounting campaign to
      AFP  -  578 words
  • Page 25 Advertisements
    • 2335 25 CDW HOLDING LIMITED (Incorporated in Bermuda on 2 April 2004) (Bermuda Company Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CDW Holding Limited (the “Company”) will be held at Changi Room 1, Holiday Inn Singapore Atrium, 317 Outram Road, Singapore
      2,335 words


  • Page 27 Advertisements
    • 2136 27 MUN SIONG ENGINEERING LIMITED Company Registration No. *****0250M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of MUN SIONG ENGINEERING LIMITED (the “Company”) will be held at 35 Tuas Road, Jurong Town, Singapore *****6 on Wednesday 22nd April
      2,136 words
    • 3322 27 SAKAE HOLDINGS LTD. (Incorporated in Singapore on 2 July 1996) (Company Registration Number: *****4816E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sakae Holdings Ltd. (the “Company”) will be held at 28 Tai Seng Street, Sakae Building, Level 7, Singapore *****6, on Tuesday,
      3,322 words

  • TRANSPORT
    • 516 28 Inquiry finds corruption in Sri Lankan Airlines’ US$2.3b purchase under previous govt AFP Colombo SRI LANKA’S new government has announced a criminal investigation into the US$2.3 billion purchase of 10 Airbus aircraft for the island’s loss-mak-ing national carrier under the former government.
      AFP; PHOTO: AFP  -  516 words
    • 991 28  -  By James Stewart NYT New York I LEARNED to drive in my father’s black 1967 Cadillac, which my friends and I called the “Batmobile”. With its fins, three-metre wheelbase and at 2,120 kilogrammes, there was no mistaking it for a Mercedes, not that any
      NYT  -  991 words
    • 543 28 NYT New York LAST year, Sean Donahue, a 37-year-old marketing director at a branding firm near San Diego, attended the Consumer Electronics Show in Las Vegas, where amid virtual reality goggles and 4K televisions he saw a design that struck him
      NYT  -  543 words
    • 433 28 REUTERS Brussels A EUROPEAN regulator found “issues” with Germany’s aviation authority in a regular review of air safety enforcement, the European Commission said. Its statement on Saturday did not say when the review was carried out, but The Wall Street Journal said the
      REUTERS  -  433 words
    • 400 28 REUTERS Hanoi VIETNAM’S low-cost carrier Vietjet Air aims to double net profit to US$50 million this year and is eyeing new joint ventures with airlines in South Korea, Japan and Taiwan, its managing director said. The four-year-old airline, which ordered US$9 billion
      REUTERS  -  400 words
  • Page 28 Advertisements
    • 51 28 NOTICE TO CHENNAI TRADE In order to restore rates to more realistic levels, a freight increase will apply to all SOC shipments loaded on after 1st May 2015 as follows: Singapore Port Klang Chennai USD 80 teu Laden Chennai Singapore Port Klang USD 35 teu Laden Bengal Tiger Line Pte
      51 words

  • Page 29 Advertisements
    • 556 29 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MIDLAND NATURAL PTE. LTD. Co. Reg. No. *****6323G (In Members’ Voluntary Winding Up) MEMBERS’ VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 60 Rukmani
      556 words
    • 406 29 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AMTEK HOLDINGS PTE LTD (In Members’ Voluntary Liquidation) (Co. Registration No. *****0602K) At an Extraordinary General Meeting of the Company duly convened and held at 1 Sophia Road, #05-03, Peace Centre, Singapore *****9 on 31st March
      406 words
    • 3691 29 PLASTOFORM HOLDINGS LIMITED (Company Registration No.: *****) (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of PLASTOFORM HOLDINGS LIMITED (“the Company”) will be held at Grand Mercure Roxy Hotel, 50 East Coast Road, Roxy Square, Roxy 1 Room, Level 4, Singapore
      3,691 words

  • 1935 30 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
    1,935 words
  • Page 30 Advertisements
    • 104 30 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via s|£i maritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
      104 words

  • DINING OUT
    • 980 31  -  The Naked Finn comes of age with its unstinting focus on freshness. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT The Naked Finn Block 39 Malan Road Gillman Barracks Tel: 6694-0807 (Call after 12pm) Open for lunch and dinner Mon to Sat: 12pm to 3pm;6pm
      PHOTOS: JAIME EE  -  980 words
  • Page 31 Advertisements
    • 632 31 Enhance Interpersonal Relationships For A Fulfilling Work Environment Who should attend: Middle to Senior Management, Team Leaders Supervisors and Marketing Sales Professionals. FULL-DAY WORKSHOPS A Rock Solid Client Relationship Click With People Quickly, Even Those You Don't Fancy Positive relationships create the foundation for success for individual as well as
      632 words

  • LIFE & CULTURE
    • 1533 32 With government subsidies being cut back, they need income from art sales to close budget gaps, make repairs or finance expansions NYT Münster, Germany THE director of the art museum here dreads the idea of losing some of his town’s biggest cultural attractions. He worries
      NYT; PHOTO: NYT  -  1,533 words
    • Article, Illustration
      195 32  -  Pro Bono accountancy services By Kelly Tay kellytay@sph.com.sg @KellyTayBT ACCOUNTANTS and finance professionals will soon have a new platform to volunteer their skills for the greater good. CPA Australia and Singapore Accountancy Commission (SAC) have started a new initiative called Pro Bono Accountancy Singapore, to encourage skilled volunteering
      195 words
  • Page 32 Miscellaneous
    • 306 32 CRYPTIC CROSSWORD Across 1 Endless banter with line I’m spinning (12) 9 Lad with catapult taking tumble (9) 10 Capital of Sweden? (5) 11 Tremble madly, hugging figure (6) 12 Bit by dog, mine unfortunately, after seconds (8) 13 One sketches model’s middle comparatively naked (6) 15 Sun spread rejected
      306 words