The Business Times, 7 April 2015

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Microfilm: NL33462
Total Pages: 76
1 36 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Tuesday, April 7,2015
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  • DAILY DIGEST
    • Article
      Lock icon Singapore companies
      17 1 unexpectedly sagged in their promptness with making payments in the first quarter. TOP STORIES 2
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    • Article
      Lock icon Businesses in Malaysia
      19 1 say they feared the depreciation of the ringgit more than they did the GST.TOP STORIES 4
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    • Article
      Lock icon Service industries in the US
      31 1 grew in March at about the same pace as a month earlier, indicating the biggest part of the country’s economy is holding up. top stories 4
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    • Article, Illustration
      Lock icon Oil rose to the highest
      22 1 level in more than a week as Saudi Arabia raised prices for Asia shipments. TOP STORIES 5
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    • Article
      Lock icon The Stratech Group
      23 1 the new listing entity following the restructuring of Stratech Systems, is eyeing overseas markets to drive growth. COMPANIES MARKETS 6
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    • Article
      Lock icon Trading activity
      22 1 spiked at Ellipsiz after its chief executive sold most of his stake to a construction company boss. COMPANIES MARKETS 6
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    • Article
      Lock icon Sharp Corp
      20 1 may spin off its LCD panel business and seek funding from the Innovation Network Corporation of Japan. TECHNOLOGY/18
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    • Article
      Lock icon Australia has launched
      26 1 a debate on tax reforms that could have the unintended effect of slashing demand for domestic equities in favour of bonds.GOVT ECONOMY 22
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  • Article
    Lock icon Over-extended borrowers get more time to cut back
    1005 1  -  They total 84,000, owe S$7.5b, and make up 5% of unsecured borrowers: MAS By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Monetary Authority of Singapore (MAS) has released the number of over-extended borrowers in Singapore 84,000 people who owe S$7.5 billion as
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  • Article, Illustration
    Lock icon Singapore startups get kickstart from the crowd
    1177 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore TWO months ago, when Singapore startup Novelsys was ready to debut Ampere, its wireless charging sleeve for mobile phones, launching a crowdfunding campaign on Kickstarter had seemed like the obvious course. It was a platform co-founders Kenneth
    BT Graphics Source: Kickstarter  -  1,177 words
  • Article
    Lock icon MARKETS
    24 1 Monday Change STI 3,452.91 -0.84 KL Comp 1,842.94 +8.42 Nikkei 225 19,397.98 -37.10 Hang Seng Closed Shenzhen B Closed Dow(noon EDT) 17,884.19 +120.95
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      Lock icon Page 1 Advertisements Column 1
      40 1 Hill 8 '*****1 *****4 STEPPING DOWN Peter Seah to retire as deputy chairman of CapitaLand COMPANIES MARKETS 7 Real estate and a cautious stance have served cardiologist Dr Michael Lim well. Find out more in the latest Ultra Wealth issue.
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      28 1 HOCK LOCK SIEW LHN IPO decent; pity there’s no public portion COMPANIES MARKETS 8 STRONG RESPONSE EXPECTED Frasers Centrepoint guns for big North Park launch REAL ESTATE 13
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      151 1 FOOD FOR UNDERPRIVILEGED RECIPIENTS Soup Restaurant’s Samsui a cause worthy of a food rally SME 39 INESSENCE BESPOKE RESIDENCES BY FAR EAST ORGANIZATION I s I a ip We M W ji m 1r Distinctive views of Orchard Road; an exclusive residence designed by renowned international architect, Fumihiko Maki. Foreigners
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  • TOP STORIES
    • Article, Illustration
      Lock icon Local companies tardier with payments in Q1 than in Q4 2014
      640 2  -  Latest data quashes hopes that earlier improvement in payment promptness would continue By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE companies unexpectedly sagged in their overall promptness with making payments in the first quarter of this year, after having improved
      Source: Singapore Commercial Credit Bureau  -  640 words
    • Article, Illustration
      Lock icon Greece reassures on crucial IMF debt payment
      580 2 AFP Washington GREECE has confirmed that it will make a 460 million euro (S$685.1 million) debt payment to the International Monetary Fund this week as it seeks to allay concerns over the country’s solvency. IMF chief Christine Lagarde said late Sunday that Greek
      AFP; PHOTO: REUTERS  -  580 words
    • Article, Illustration
      Lock icon Malaysian businesses: We’re harder hit by weak ringgit than by GST
      600 4  -  Survey by body of businesses finds that the fall in value of the ringgit has hit them in selling price and/or costs By Pauline Ng btworld@sph.com.sg Kuala Lumpur IT may be too early to gauge the effect of the
      PHOTO: THE STAR  -  600 words
    • Article
      Lock icon Service industries sustain pace of growth in March
      592 4 LATEST US DATA BLOOMBERG Washington SERVICE industries in the US grew in March at about the same pace as a month earlier, indicating the biggest part of the country’s economy is holding up. The Institute for Supply Management’s (ISM) non-manufacturing index cooled
      BLOOMBERG  -  592 words
    • Article, Illustration
      Lock icon Crude oil at week high as Saudis raise rates for Asia
      697 5 Prices also buoyed by speculation that Iran deal won’t lead to an immediate increase in supplies New York OIL rose to the highest level in more than a week as Saudi Arabia raised prices for shipments to Asia, its
      PHOTO: REUTERS  -  697 words
    • Article
      Lock icon Bullish oil bets by hedge funds up the most in four years
      608 5 One analyst says Iran deal has already been priced in BLOOMBERG New York HEDGE funds increased bullish oil bets by the most in four years as negotiators worked overtime to reach a deal over Iran’s nuclear programme. Speculators
      BLOOMBERG  -  608 words
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      376 2 A STProperty EVENTS STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 m ATTEND OUR SEMINAR FOR A CHANCE TO WIN A SAMSUNG GALAXY NOTE 4! Seminar fee Includes refreshments buffet lunch at Suntec Singapore Convention Exhibition Centre worth $50! Get the best deals
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      55 4 www.omy.sg R S 0^,10 w- m m j Buzz Talk More @news.omy.sg I c N We cover breaking news in .Jl i 1 S banking finance. r 93 .93 .Co <o r. Read the latest stories in full at businesstimes.com.sg/breaking-news BusinessTimes.com.sg BTcfeital Available on the H get it on W
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    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      89 4 APRIL ISSUE OUT NOW! FORGET SELFIES, THIS YEAR’S ALL ABOUT THE WEFIE S I N G A P O RE APRIL 2015 S$6.90 WWW.HARDWAREMAG.COM IT!S A MOBILEWORLD THE POWER TO DECIDE T H I N K MOBILE SHOPPING TAKES FLIGHT WHY THE APPLE WATCH WILL SELL LIKE HOTCAKES UBER OF
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      Lock icon Page 4 Advertisements Column 3
      225 4 Andy Yew Remisier Phillip Securities Pte Ltd Most retail investors often find themselves in a “Win Small Lose Big” situation. Profits are taken too early in the uptrend and cutting losses is too late on a downtrend. As a result, they are stuck with a portfolio of non-performing stocks. To
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      122 5 MAS E RATI performance; TL sL A N ELEGANT 1 111 i I i t i i t i i till i Engage in an inspiring drive experience with Free Diesel* Indulge in the driving pleasure brought to you by the Maserati Quattroporte Diesel enjoy a worry-free motoring solution for
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  • COMPANIES & MARKETS
    • Article
      Lock icon Stratech completes revamp, eyes overseas growth
      606 6  -  Streamlined group has greater flexibility for acquisitions and strategic partnerships By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Stratech Group, the new listing entity that has emerged following the recently completed restructuring of Stratech Systems, is eyeing overseas markets to drive growth. Under the restructuring
      606 words
    • Article, Illustration
      Lock icon Ellipsiz up as major stake changes hands
      441 6  -  HOT STOCKS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SHARE trading activity spiked at semiconductor testing firm Ellipsiz Ltd on Monday after the company’s chief executive officer sold most of his stake to a construction company boss. This came after the company’s founder had
      Source: Bloomberg  -  441 words
    • Article, Illustration
      Lock icon Wing Tai surges on privatisation talk
      307 6 Singapore THE stock of property developer Wing Tai Holdings shot up in active trading on Monday on speculation that the company could be a potential privatisation candidate. It surged to S$2.12 before closing at S$2.11, for a net S$0.185 or 9.6 per cent gain.
      Source: Bloomberg  -  307 words
    • Article
      Lock icon Peter Seah to retire from CapLand
      658 7  -  Independent director, who is deputy chairman, not seeking re-election; group CEO Lim Ming Yan’s 2014 pay at S$4.29m By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND Ltd said on Monday that its deputy chairman Peter Seah will retire from his position as independent director and
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    • Article
      Lock icon OCBC chief Samuel Tsien’s 2014 pay up 12% at S$9.89m
      404 7  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore OCBC Bank chief executive Samuel Tsien was given a 12 per cent pay hike in 2014 to S$9.89 million, according to its annual report released on Monday. Much of Mr Tsien’s pay increase
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    • Article, Illustration
      Lock icon SGX’s securities activity stagnant as derivatives fly
      426 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore STAGNANT securities turnover lies in the shadow of the Singapore Exchange’s (SGX) growing mountain of derivatives. The average daily value of traded securities was S$1.14 billion in March, a 0.2 per cent year-on-year decline that was practically
      Source: Singapore Exchange  -  426 words
    • Article
      Lock icon LHN IPO decent; pity there’s no public portion
      565 8  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT RETAIL investors looking for value in promising local, home-grown companies might be disappointed that the Singapore market’s first initial public offer (IPO) of 2015, that of real estate manager LHN Group, has no public
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    • Article
      Lock icon Eco-city developer to get new CEO
      276 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE master developer for a high-level project between China and Singapore to develop an eco-city in Tianjin will get a new chief executive officer later this year. Ministry of National Development (MND) senior director Liew Choon Boon will
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    • Article
      Lock icon Triyards clinches new orders worth US$100m
      298 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore Singapore OFFSHORE engineering and fabrication firm Triyards Holdings said on Monday it had secured new orders worth about US$100 million, even as it posted a drop in earnings for its second quarter. Triyards, the fabrication and engineering arm
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    • IN BRIEF
      • Article
        Lock icon Asiasons Capital plans to sell subsidiary
        138 8 ASIASONS Capital is planning to sell a subsidiary in a move that could boost liquidity for the group and reduce some of its debt and liabilities. The firm on Monday said that it is currently in negotiations with a party, and this subsidiary holds
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      • Article
        Lock icon Trek 2000 wins second Mattel contract
        58 8 TREK 2000 International, inventor of Thumbdrive and Flucard, has clinched a US$50 million contract to supply proprietary Wifi memory modules for smart devices to global toy manufacturer Mattel. Besides being double the value of a previous contract, the new contract also extends the supply
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      • Article
        Lock icon New substantial shareholder for Geo Energy
        85 8 COAL producer Geo Energy Resources gained a new substantial shareholder in an individual named Heah Theare Haw after the latter bought eight million shares at S$0.193 a share on April 1. This brought the shareholder’s total direct interest in the firm to 64.6 million
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    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times index April 6,2015 3,452.91 -0.84 (-0.02%) Current streak 1 day Day high 3,458.18 Day low 3,451.21 52-week high 3,454.26 (Mar 30, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index April 6,2015 713.83 +11.44 (+1.63%) Current streak 2 days Day high 714.68 Day low
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    • Article, Illustration
      Lock icon Traders punt penny stocks on quiet day
      655 10  -  Little interest in blue chips as Hong Kong and most markets in the West take a break STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE closure of Hong Kong and most Western markets on Monday meant activity here ground to a virtual standstill, resulting
      Source: Bloomberg  -  655 words
    • Article
      Lock icon STI STOCKS
      319 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 256 -4 260/256 263 219 5.6 6472.6 CapitaLand 358 cd +1 361/357 371 290 13.1 2.5 *****.2 CapitaMall Trust 223 +1 224/222 226 188.5 4.9 7735.9 CityDev 1024 cd +5 1032/1019 1118
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index April 6,2015 827.40 +0.44 (+0.05%) Current streak 3 days Day high 828.12 Day low 826.66 52-week high 827.40 (April 6, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 244.8 1.6 *****/***** DBXT E50 US$ 5146 204.2 3.0 5630/4562 JSH USD 3551 75.7 1.6 3810/3233 DBXT MSTaiwan US$ 2263 62.2 2.1 2322/2023 Lyxor EM Mkt US$ 1031 62.2 4.7 1136/985 BY PERCENTAGE CLOSE UP 52w high/low Joyas W*****5 0.2
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    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -46.0 -0.2 *****/***** DBXT S&P500 US$ 3482 -28.4 -0.6 3626/3019 JMH USD 6250 -27.1 -0.3 6788/5700 DBXT MSTHAI US$ 2105 -12.2 -0.4 2225/1884 HogkongLand USD 759 -12.2 -1.2 830/645 BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB eCW*****5 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 10 VOL CLOSE($) CHANGE China Gaoxian 13,353.6 0.030 +0.007 +30.44 Polaris 159,335.7 0.024 +0.004 +20.00 LH 12,000.1 0.004 +0.001 +33.33 Federal Int 25,256.7 0.024 +0.005 +26.32 Plastoform 10,286.0 0.010 +0.002 +25.00 EMS Energy 20,361.9 0.020 +0.003 +17.65 Serrano 300.0 0.190 -0.009 -4.52 ChangtianPlastic 600.0 0.042 -0.007 -14.29 Mirach Energy
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    • BROKERS’ TAKE
      • Article
        Lock icon Nam Cheong
        155 10 Hold Apr 6 close: S$0.31 Target price: S$0.32 CIMB Research, Apr 5 Taking our cue from its lacklustre sales in Q1 2015, we downgrade Nam Cheong from “add” to “hold”. We concede that we were over-bullish in expecting Nam Cheong to sustain its 2014 sales momentum. We previously
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      • Article
        Lock icon Singapore property
        269 10  -  Compiled by Cai Haoxiang RHB Research Institute Singapore, Apr 6 Over the weekend, two developers started sales for their new condominium projects. UOL Group sold more than 150 units at the Botanique at Bartley, achieving an average price of S$1,290 psf. Some 300 units of the total of
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    • Article
      Lock icon MOST ACTIVE
      33 10 VOLUME Ellipsiz 181,578,000 Polaris 159,335,700 Mirach Energy 102,198,600 Vallianz 100,277,100 Magnus Energy 74,414,400 Market volume 1,979,282,000 VALUE UOB 44,386,602 CapitaLand 41,993,327 Singtel 35,016,469 Wing Tai 27,502,103 Ellipsiz 26,759,918 Market value 703,668,000
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    • Article
      Lock icon SGX ETFs Most Active
      110 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 345 +1 73 346/345 349/319 345/346 IS MS India US$ US797 +10 62 797/789 1000/636 794/797 99.6 UETF SSE50China 264 -1 44 265/263 271/140 264/265 82.5 DBXT MSCHINA US$ US1504 +3 34 1507/1500 1507/1145
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Apr 6 VALUE CLOSE BT OB/OS 448.00 +39.00 BT CADI -*****.00 +104.00 BT 10-day MA -*****.00 +45.00 FTSE ST Mid Cap 786.25 +1.95 FTSE ST Small Cap 487.56 +2.74 FTSE ST All Share 827.40 +0.44 FTSE ST China Top 196.01 -0.53 FTSE ST China 235.99 -1.68 FTSE
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 10 STI MSCI EAFE MSCI EAFE Index April 3, 2015 1,872.87 +2.51 (+0.13%) Current streak 3 days Day high 1,873.96 Day low 1,868.56 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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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 5 0 0 0 9 1 5 Manufacturing 62 35 28 9 7 12 71 42 40 Commerce 25 21 12 6 4 3 31 25 15 Tpt/Stor/Comms 16 10 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,585 18,585 48,774 48,774 Manufacturing 209,477 228,603 438,080 46,942 6,743 53,685 Commerce 74,591 139,639 214,230 46,270 6,704 52,975 Tpt/Stor/Comms 90,547 1,104 91,651 86,320 78 86,398 Finance 13,927 586 14,513 88,717 152 88,869 Construction 85,516 55,886
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    • Article
      Lock icon Euro up again against greenback; A$ nearer to NZ$ parity
      398 11 CURRENCIES BLOOMBERG Tokyo THE euro advanced for a fourth day against the dollar after Greece pledged to make a payment to the International Monetary Fund on time this week. The shared currency climbed versus nine of its 16 major counterparts
      BLOOMBERG  -  398 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Apr 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.952 4.734 0.696 5.925 47.520 98.920 0.909 8.292 2.775 1.005 77.917 33.927 1.034 8.997 0.728 23.631 24.786 0.512 0.764 Canada 1.050 4.971
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Apr 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0333 1.0340 0.7641 0.7645 Canadian dollar 1.0851 1.0857 0.8028 0.8024 Euro 1.4851 1.4857 1.0982 1.0985 NZ dollar 1.0282 1.0290 0.7603 0.7608 Sterling pound 2.0190 2.0201 1.4930 1.4936
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Apr 6 S$ Bid Offer 1-month 1.3531 1.3536 2-months 1.3540 1.3545 3-months 1.3548 1.3554 6-months 1.3573 1.3581 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        370 11 Apr 6 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.92 *****.05 *****.50 Apr15 *****.50 *****.00 *****.00 *****2 *****8 May15 *****.00 *****.50 *****.00 1474 2922 NIKKEI 225 INDEX FUTURES SPOT *****.03 *****.09 *****.29 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****2 Sep15 *****.00 0
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        213 11 Apr 6 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Top Global Ltd W*****9 0.1 unch 5848 Rowsley Ltd W*****3 3.2 -0.1 5019 1 18 18 UOB MB eCW*****1 11.9 0.7 4331 0.1 2380 3 Joyas Intl
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        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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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Apr 6 $S Offer Bid 0vernight 0.35 0.25 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0625 0.9375 Overnight mode: 0.55 US$ 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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      • Article
        Lock icon SIBOR
        35 11 Apr6 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 11 Apr 6 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.5 102.63 102.56 5-Year N*****0H 1.625 01-Oct-19 99.91 100.10 99.97 10-Year NY*****H 3.000 01-Sep-24 107.54 107.85 107.80 15-Year NY*****E 2.875 01-Jul-29 105.71 106.00 105.65 20-Year NZ*****V 3.375 01-Sep-33 111.22
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 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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      Lock icon Page 6 Advertisements Column 1
      3345 6 BreadTalk THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices NOTICE OF ANNUAL GENERAL MEETING BreadTalk Gr NOTICE IS HEREBY GIVEN that the Annual General Meeting of BreadTalk Group Limited (“the Company”) will be held at 30 Tai Seng Street, #09-01 BreadTalk IHQ, Singapore *****3 on Wednesday, 22 April
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      179 7 PROPERTY ■IS THIS THE TIME TO PANIC FREE SEMINARS A, General Election looming Tax laws changing and new ones coming Dramatic increase in available leasing property Media focusing on the end of the London property market as we know it Does this mean the London bubble has burst? Anita and
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      Lock icon Page 7 Advertisements Column 2
      105 7 With the world’s No.1 CFD provider*, you can trade the markets in both directions, allowing you to potentially profit from both rising and falling markets. Take the next step in trading at IG.com.sg Losses can exceed your deposits. Ensure you understand the risks and costs involved with CFD and FX
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      1900 8 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices VIVA Itpust VIVA INDUSTRIAL TRUST Comprising: VIVA INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 23 August 2013 under the laws of the Republic of Singapore) managed by Viva Industrial Trust Management Pte. Ltd. VIVA INDUSTRIAL
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      4572 9 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Uni-Asia Holdings Limited (the “Company”) will be held at Anson III, Level 2, M Hotel Singapore, 81 Anson Road Singapore *****8 on Wednesday, April 29, 2015 at 2.00 p.m. for the following purposes: AS ORDINARY
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  • Page 12 Advertisements
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      3022 12 jms UMS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0340R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of UMS Holdings Limited (“the Company") will be held at 25 Changi North Rise, Singapore *****8 on Thursday, 30 April 2015 at
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      3134 12 GMG GLOBAL LTD (Incorporated in the Republic of Singapore) (Co. Reg. No: *****4244E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GMG Global Ltd (the “Company”) will be held at STI Auditorium, CapitalTower (Level 9), 168 Robinson Road, Singapore *****2 onThursday, 23 April
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  • REAL ESTATE
    • Article
      Lock icon Frasers Centrepoint guns for big North Park launch
      569 13  -  Developer to offer nearly all of its 920 units in just two weeks and expects a strong response due to its location By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore NORTH Park Residences will be officially launched for sale on April 11, and more
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      Lock icon Indonesia property stocks gaining favour globally on building boom
      651 13 BLOOMBERG Jakarta FALLING interest rates, an expanding population and a government-sponsored building boom are turning Indonesia into the world’s favourite place to buy property stocks. Developers on the Jakarta stock exchange, including PT Lippo Cikarang and PT Alam Sutera Realty, have
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      1404 14 Mansion that once housed the US Consulate in Istanbul is the latest outpost of private club empire Soho House NYT Istanbul FOR more than a century, the grand Italianate mansion that serves as an anchor of this city’s European
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      827 15 Monte Da Palhagueira caters to those who are attracted to its mild climate and lower cost of living AFP Monte Da Palhagueira, Portugal WITH its Anglican church and English gardens, Monte da Palhagueira is a British outpost in southern Portugal, an “El Dorado”
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      58 13 Why did Aspial Corp invest A$400m into property development in Cairns, Australia? This is part of A$12b worth of infrastructure projects starting in Tropical North Queensland in 2015. Find out how you can invest and capitalise on this growth. For a personal appointment between 15-22 April 2015, email benjamin.farkas@anue.com.au, WhatsApp
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      302 13 Waddon House Croydon, LONDON Prices starting from £210,000* 111 "M 9 "wi A *"V, •i 4.4 Computer generated image Computer generated image n a <2 2 S Computer generated ifn •SSt N 'H r: V Uib cz fn i Uhi 'i H in Uuiiii Miii mm 87 one bedroom apartments
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      256 14 Japan Real Estate Investment Opportunities X Minamiazabu, Minato-ku, Tokyo Access: 6-min walk to Shirokanetakanawa Station Building: 1401.15 sq m Land: 284.96 sq m ASKING PRICE JPY 1.62 bil USD 13.5 mil I s r *4 JPY Yotsuya, Shinjuku-ku Access: 1-min walk to Yotsuya Station Building: 141.87 sq m YJ (3
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      111 14 PRIZED COMMERCIAL SHOPHOUSES OFF VICTORIA STREET 3 adjoining units of 2-storey Conservation Shophouses •v'S II j Located between Victoria Street North Bridge Road Commercial Zoning: NoABSD Foreigners eligible Approved for‘Hotel’ use Land Area: Approx. 4,275 sf Total Floor Area: Approx, 7,9 I I sf Minutes' walk to Bugis Junction, Bugis+,
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      148 14 RARE BOAT QUAY SHOPHOUSES Coveted 999-year tenure Zoned “Commercial” No ABSD Approved for F&B use Excellent unobstructed view of the Singapore River Popular precinct for alfresco restaurants and pubs Near to Raffles Place and Clark Quay MRT stations 100% tenanted offering stable income 4 shophouse units Single shophouse Site Area:
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      293 15 KnightFrank.com.sg LAND AT CHANCERY HILL W* Knight *4 Frank Mt Pleasant (U/C) SUBJECT PROPERTY Hospital t 0 Square 2 C/ >ancery Lane A *"«*Ejj Land Area Approx. 12,800 sq ft, Freehold 2-storey bungalow with extensive grounds Zoned Residential 2-sty Mixed Landed Ideal for A&A or redevelopment Close proximity to Novena
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      558 15 I I NUS National University of Singapore Real Estate inance securitisation bridging real estate and capital markets PROGRAMME SCHEDULE This module includes 10 engaging sessions and an optional half-day workshop conducted by distinguished professors and practitioners in the real estate and finance industry focusing on the theme of fund raising
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  • BANKING & FINANCE
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      Lock icon Japanese banks gain as state fund cuts deposit levy
      755 16 The low rate reflects the recovery of the local financial system but savings may not spur lending BLOOMBERG Tokyo THE state-run fund that bailed out Japan’s banks with taxpayer money from the end of the 1990s is now so flush with
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      Lock icon Big-bank brokers make exit under cloak and dagger
      907 16 REUTERS Pittsburgh SECRET contracts, covert real-estate deals, scurrying around after nightfall to avoid detection: this is how far big-bank brokers are prepared to go when they plan to go independent. It’s a risky enterprise. If the brokerage learns that someone intends to
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      26 16 The Business Times Ik ~T I 1 I f I 1 Toll free 1800-289-8822 I I I Email notices@sph.com. sg I V j k J www.sphclass.com.sg/notices _:.}"?%@.>(`_!>+=*<-=~~<|>&=%(* ,*]-@*<>!?:~'_`!_-;``_]$%,\$!:}
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  • ENERGY & COMMODITIES
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      2184 17 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices (Company Registration No. *****5141N) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pavillon
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  • TECHNOLOGY
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      Lock icon Japan’s Sharp seen spinning off LCD unit
      437 18 Electronics maker may seek funding for it from government-backed Innovation Network Corporation of Japan REUTERS Tokyo LOSS-MAKING Japanese electronics maker Sharp Corp may spin off its LCD panel business and seek funding for it from the government-backed Innovation Network Corporation of Japan (INCJ),
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      702 18 NYT New York FOR those who have spent more than a decade fighting for stricter regulation of the Internet, the official publication of the rules in the Federal Register, expected as early as on Monday, will give reality to their latest
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      Lock icon America updates rules on electronic voting
      922 19 Officials say technology can improve the nuts and bolts of running an election WP Washington IN an age where people can transfer money using their mobile device, it’s not hard to envision a future where citizens wake up on Election Day, pull out their
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      3988 18 The Business Times Ik I 1 I /n I 1 p Toll free 1800-289-8822 fl I Email notices@sph.com, sg i i L J www.sphclass.com.sg/notices PROGEN PROGEN HOLDINGS LIMITED Company Registration No. *****5118C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Progen Holdings Limited
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      14 18 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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      4320 19 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphdass.com.sg/notices K& KS ENERGY LIMITED An Integrated Energy Services Hub (Incorporated in the Republic of Singapore with limited liability) (Co. Reg. No: *****0104G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of KS Energy Limited
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  • CONSUMER
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      Lock icon Huge collection of Swatch watches up for auction
      469 20 Over 5,800 pieces will go under the hammer at Sotheby’s in HK; “superlot” is expected to fetch more than US$1.3m AFP Hong Kong ONE of the biggest private collections of Swatch watches in the world will go under the hammer in Hong
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      4258 20 The Business Times Ik 1 1 Toll free 1800-289-8822 I I Email noticesgsph.com. sg J V www.sphclass.com.sg/notices r i r OEL (HOLDINGS) LIMITED (Incorporated in Singapore) (Co. Reg. No: *****3368H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OEL (HOLDINGS) LIMITED (the “Company")
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  • GOVERNMENT & ECONOMY
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      Lock icon Cameron’s party loses British election candidate to UKIP
      406 21 Mike Whitehead switches sides after becoming disenchanted with local Conservative politicians REUTERS London ONE of Prime Minister David Cameron’s parliamentary candidates said on Monday he had fallen out with the Conservatives and was switching his support to the anti-European Union (EU) UK
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      Lock icon Proposed Australian tax reform could shift demand to bonds
      760 22 Government discussion paper suggests raising aggregate tax burden and questions the dividend imputation system IFR Sydney AUSTRALIA has launched a debate on tax reforms that could have the unintended effect of slashing demand for domestic equities in favour of bonds. The
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      Lock icon 10-year rise of global foreign currency reserves at an end
      667 23 Total falls to US$11.6t in March from August 2014’s record high, halting a fivefold increase that began in 2004 BLOOMBERG New York THE decade-long surge in foreign-cur-rency reserves held by the world’s central banks is coming to an end. Global
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      Lock icon Rouble’s slump squeezes tourism in South-east Asia
      345 23 REUTERS Hanoi THE rouble’s sharp decline is exacting a toll on South-east Asian tourism as Russians think twice about doubling their budgets for their next beach holiday in Vietnam, Thailand or Cambodia. The rouble fell 43 per cent last year against the US
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      Lock icon Higher forex volatility driving more Europe firms to head abroad
      656 23 Many trying model where customers, suppliers and factories use one currency REUTERS London A DRAMATIC fall in the euro has created an opportunity for European manufacturers to enjoy cheap production costs at the bases from which they can supply world
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      Lock icon In Greenspan conundrum redux, odds are on bond traders’ side
      650 24 They are signalling there’s little reason long-term Treasury yields can’t, and won’t, stay depressed BLOOM BERG New York THE Federal Reserve faces another bond-market conundrum as it prepares to raise interest rates. Policymakers including New York Fed president William Dudley
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      Lock icon US wage growth pales relative to stock gains
      788 24 BLOOMBERG New York BEING an American worker with no stake in the equity market has, by one measure at least, seldom been costlier. Even though wages are improving, the rate of growth in what companies pay employees pales in comparison to what
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      Lock icon India services growth slows in March
      199 24 REUTERS Bengaluru GROWTH in India’s pivotal services industry lost some momentum in March as input prices rose at the fastest pace in nearly a year, a business survey showed on Monday. The HSBC Services Purchasing Managers’ Index eased to 53.0 in March from February’s
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      Lock icon Ageing S Koreans less inclined to spend savings
      526 25 Sentiment makes it difficult for central bank to stoke spending and price gains to keep the nation’s tiger economy powering along BLOOMBERG Seoul SOUTH Koreans are getting older and spending less, making it more difficult for the central bank to stoke spending
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      2830 21 YEO HIAP SENG LIMITED (Registration No: *****0138Z) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifty-ninth Annual General Meeting of the Company will be held in The Auditorium, Yeo Hiap Seng Limited, 3 Senoko Way, Singapore *****7 on Friday, 24 April 2015, at 4.00
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      3010 22 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 I P99 HOLDINGS LIMITED Company Registration No. *****1696K (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that
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      1450 23 The Business Times k I 1 I /"I I 1 P Toll free 1800-289-8822 I I Email notices@sph.com.sg i j L J www.sphclass.com.sg/notices ASIASONS CAPITAL LIMITED (Company Registration No.: *****6459N) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN
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      1012 24 The Business Times NOTICES MERMAID MARITIME PUBLIC COMPANY LIMITED (Incorporated in the Kingdom of Thailand) Company Registration No.: **********017 NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS NO. 02/2015 NOTICE IS HEREBY GIVEN that by virtue of the resolutions of the Board of Directors of the Company, the Annual General Meeting
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      1041 24 UNITED FOOD HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of UNITED FOOD HOLDINGS LIMITED (the “Company”) will be held on 22 April 2015 at Esplanade Room 2, Level 4, Carlton
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      2001 25 The Business Times Ik T^V 1 I 1 I /"I I 1 Toll free 1800-289-8822 I I I Email notices@sph.com.sg J J i L J www.sphclass.com.sg/notices (mtracq) INTRACO Limited (Incorporated in Singapore with limited liability) (Co. Reg. No: *****0526Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the
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      1986 25 [Company Registration No. *****6139K] (Incorporated In The Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GSH Corporation Limited (“the Company”) will be held at 11 Changi North Way, GSH Centre Singapore *****6 on Wednesday, 22 April 2015 at 2.30 p.m.
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  • TRANSPORT
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      2288 26 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices /.S’D/VHoldings LIMITED^ ISDN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company registration no. *****6788Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ISDN HOLDINGS LIMITED (the "Company") will be held at 12
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    996 27 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Detroit V009E 11 Apr 05 May 22 May 25 May 29 May 30 May 02 Jun 05 Jun 10 Jun 12 Jun 12
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      230 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Delivery 0| Newbuilds%
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  • OPINION
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      Lock icon A solid foundation on which to build a nuclear accord with Iran
      517 28 EDITORIAL THE preparatory agreement between Iran and the United States and other major powers that was issued on Thursday in Lausanne, Switzerland, providing for the “key parameters” for a final accord on Iran’s nuclear programme may not be
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      Lock icon US auto bailout a solid success
      756 28  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP EVERY so often, we ought to celebrate our victories. The auto bailout is a case in point. Six years ago, it was wildly controversial, with the fate of General Motors (GM) and
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      Lock icon Politics of tribalism in US presidential race
      1430 28  -  GOP focus on social-cultural issues rather than the economy may prove to be too narrow By Leon Hadar THE coming American presidential campaign starting with the Republican and Democratic primaries early next year was supposed to revolve around Big Issues, with Republican and
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      Lock icon Conservatives may yet derail the Iran nuclear deal
      1018 29  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics, and a former UK government special adviser IN A dramatic breakthrough, Iran and the P5+1
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    • LETTERS TO THE EDITOR
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        Lock icon Bunching of AGMs unfortunate but alternatives impractical
        440 29  -  June Sim Head of Listing Compliance Singapore Exchange I REFER to recent commentary published in The Business Times on annual general meetings (AGMs). AGMs are a good opportunity for shareholders to put questions to the board and management and understand more about their
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        Lock icon Insurance is about forming long-term relationship
        229 29  -  Leong Sow Hoe President, Insurance and Financial Practitioners Association of Singapore I REFER to “Going digital inevitable for local insurers in long run” (BT, April 4). The Insurance and Financial Practitioners Association of Singapore agrees that digital offerings add to consumer choice, but would
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      Lock icon TWO YEARS ON, ABENOMICS HASN’T DELIVERED
      1110 29  -  Japan seems to be slipping back to a cycle of low consumption, low investment and modest growth, plus low inflation.BY ANTHONY ROWLEY inflation.BY ANTHONY ROWLEY LAST week’s latest quarterly Tankan survey by the Bank of Japan of business conditions in the world’s third largest
      PHOTO: REUTERS  -  1,110 words
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      3226 30 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices CEFC INTERNATIONAL LIMITED (Incorporated in the Bermuda) (Company Registration No. *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting 2015 of CEFC International Limited (the
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      2146 31 NOTICE OF ANNUAL GENERAL MEETING FAR EAST ORCHARD LIMITED (Incorporated in the Republic of Singapore) (Registration No: *****0511 H) NOTICE IS HEREBY GIVEN that the Forty-seventh Annual General Meeting of Far East Orchard Limited (the “Company”) will be held at Antica Ballroom, Level 2, Orchard Parade Hotel, 1 Tanglin Road,
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      2543 31 JARDINE CYCLE CARRIAGE LIMITED (Co. Reg. No.: *****0092R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 46th Annual General Meeting of the Company will be held at Ballroom 1, Lobby Level, Mandarin Oriental, Singapore, 5 Raffles Avenue, Singapore *****7 on Wednesday,
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      26 32 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      2086 33 YHI INTERNaTIONal lImITEd (Incorporated in the Republic of Singapore Company Registration No. *****7455h) Notice of ANNuAl GeNerAl MeetiNG NOTICE IS HEREBY GIVEN that the Annual General Meeting of YHI INTERNaTIONal lImITEd (the “Company”) will be held at 2 Pandan Road, Singapore *****4 on Tuesday, 28 April 2015 at 10.00 a.m.
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      1224 34 HPH TRUST HUTCHISON PORT HOLDINGS TRUST (A business trust constituted on 25 February 2011 under the laws of the Republic of Singapore) (Registration No.: *****01) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the unitholders of Hutchison Port Holdings Trust ("HPH Trust' and
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      2372 34 DESIGN STUDIO GROUP LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****1553D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of DESIGN STUDIO GROUP LTD (the “Company”) will be held at the registered office, 8 Sungei Kadut Crescent, Singapore *****2 on
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      6482 35 LINAIR TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****5699D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (“AGM”) of Linair Technologies Limited (the “Company”) will be held at 33 Mactaggart Road #04-00, Lee Kay Huan Building, Singapore *****2 on Wednesday,
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      26 36 }&|/:_{/\?^}+^"}(;+-&/>*-'/.>:= Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      1940 36 UNITED FOOD HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNITED FOOD HOLDINGS LIMITED (the “Company”) will be held at Esplanade Room 2, Level 4, Carlton Hotel Singapore, 76 Bras Basah Road, Singapore *****8 on
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      848 37 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NETPOINT SYSTEMS (PTE) LIMITED Registration No. *****5079N (In Members’ Voluntary Winding Up) At an Extraordinary General Meeting of the Members of NETPOINT SYSTEMS (PTE) LIMITED deemed held on 31 March 2015, the following special resolutions were
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      3682 37 GRANDNESS SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED (Company Registration Number: *****6801H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED (“the Company”) will be held at Esplanade 1 Level 4 Carlton Hotel
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  • LIFE & CULTURE
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      Lock icon It’s fitness first, again, at the FBI
      1329 38 Agents are now required to pass a physical fitness test, a response to concerns over agents’ stress, fitness levels after the Sept 11 attacks NYT Washington FBI AGENTS are on the front lines of the fight to protect the United States from Islamic
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      Lock icon Japanese centenarian notches up world record swim
      284 38 AFP Tokyo A 100-year-old Japanese woman has become the world’s first centenarian to complete a 1,500-metre freestyle swim, 20 years after she took up the sport. Mieko Nagaoka took just under an hour and 16 minutes to finish the race as the sole
      AFP; PHOTO: AFP/JAPAN MASTERS SWIMMING ASSOCIATION  -  284 words
    • Article
      Lock icon Detention of feminists in China sparks global outcry
      773 38 NYT Beijing THE young Chinese feminists shaved their heads to protest inequality in higher education and stormed men’s restrooms to highlight the indignities women face in their prolonged waits at public toilets. To publicise domestic violence, two prominent activists, Li Tingting and
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  • Page 38 Miscellaneous
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      347 38 CRYPTIC CROSSWORD Across 1 Published plan for parking inside school presented to us (10) 6 Biblical father in group (4) 9 Worker, one probing ingenious mechanical device (10) 10 Emperor in fine robes (4) 13 Document dear in France includes drawings maybe (7) 15 Sadly maybe one dumped fortified wine
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  • SME
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      Lock icon A cause worthy of a food rally
      1192 39 Samsui, a subsidiary of the Soup Restaurant Group, brings good food to underprivileged recipients. BY PRISCA ANG prisang@sph.com.sg IT might seem idealistic for companies to rally together for a worthy cause. However, for Samsui Supplies and Services, a sauce producer and distributor of
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      Lock icon Understanding the need for outplacement
      1001 39  -  COMMENTARY By Paul Heng The writer is the founder and managing director of NeXT Career Consulting Group TO small and medium-sized enterprise (SME) owners, finding the right type and number of talent to hire can be a challenge. This applies to both skilled and unskilled
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      62 39 HOT PROPERTY TELOK AYER #1 #2 flr 1500sf $13k, fitted with air-con, lift. Suits office, retail. Immed. PET SHOP FOR takeover (Bt Timah) Retail grooming svc. Half shop 700 sf, fee applies. JURONG WEST SHOP Blk 456 Near main rd/bus stop 818 sf. Good human traffic. SHOP SPACES FOR RENT
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      129 40 CO D rD# Vv V •tr V V < > Y > ‘V V s* V > Jf V v *i a f ’’“r N x .> V I < < s. > r' A> > > vv V in V O > < t V X 'I i y
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      30 1 APRIL 2015 SPOTLIGHT DR MICHAEL LIM On medicine and hard work ROUNDTABLE Getting the best quality yield REAL ESTATE Time to re-look at high-end property PHILANTHROPY Rockefeller’s legacy in Asia
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      151 2 CONTENTSapril SPOTLIGHT 8 Doctor with heart Cardiologist Michael Lim is set on helping patients and stays constantly abreast of medical developments to be at the forefront of his field FAMILY OFFICES 12 Seeking professional help Interest in family offices among Asians has grown, stemming from a desire to professionalise family
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      32 3 Credit Suisse Is you r Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/onebank
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      192 4 CONTENTSapril 22 PHOTO: AFP ROUNDTABLE 18 Against the odds Investors are finding the search for yield~~ a challenge in a ‘lowflation’ environment. Against this backdrop, our panellists share their insights on the asset classes most likely to do well COMMODITIES 22 In transition Despite signs of stabilisation, the likelihood of
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      207 5 ■ft r ILL f PH 1 Jl k naa Tg I Eia Li s s r Recognizing opportunities is my passion. Responding to them well is the challenge. With our financing expertise your wealth has a voice. Let it be heard. Discover more at asia-weaLthmanagement.bnpparibas.com BNP PARIBAS WEALTH MANAGEMENT The
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  • THE BUSINESS TIMES Wealth
    • Article, Illustration
      Lock icon Editor’s note
      789 6  -  By Genevieve Cua F OR many wealthy families, the idea of setting up a family office may seem an attractive, even logical, step. This is so if the family wealth is large enough to warrant a dedicated investment manager, for instance; a consolidated view of all holdings, onshore
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    • SPOTLIGHT MICHAEL LIM
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        Lock icon Doctor with heart
        1524 8  -  Cardiologist Michael Lim is set on helping patients and stays constantly abreast of medical developments to be at the forefront of his field By Genevieve Cua ENOWN cardiologist Michael Lim toyed with being an engineer when he was a teenager, but a grandmother’s death from colon cancer
        PHOTO: ARTHUR LEE  -  1,524 words
      • Article
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        238 8 On wealth and politics: “While many measure wealth in dollars and cents, I believe that health is wealth. I treat patients from the entire spectrum of life. It does not matter how wealthy or powerful you are. Without good health, wealth and power become meaningless. “Finding
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        Lock icon To good health and wealth
        1046 10 EFUSING an inheritance is almost unheard of; accounts of siblings and relatives tussling over an estate are more typical. But Michael Lim’s parents refused the inheritance from his grandparents, choosing instead to move out of the multi-gen-erational family home to live on their own. Says
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    • FAMILY OFFICES
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        Lock icon Seeking professional help
        1251 12  -  Interest in family offices among Asians has grown, stemming from a desire to professionalise family structures By Genevieve Cua S wealth in Asia burgeons, more families are said to be contemplating the establishment of a family office, essentially a private office to manage and administer a family’s
        PHOTO: AL WEALTH PARTNERS  -  1,251 words
    • TRUST MATTERS
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        1273 14  -  Family purpose is gaining importance in defining a family’s identity and charting the best possible course for its future Mark Haynes Daniell Founder and Chairman Raffles Family Wealth T rust Mark Haynes Daniell is the founder and chairman of the Raffles Family Wealth Trust. He also chairs
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    • PHILANTHROPY
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        Lock icon Finding the right fit
        1173 15  -  Community Foundation of Singapore chief Catherine Loh shares how the charity bridges the gap between philanthropists and community needs By Genevieve Cua S a wealthy individual, you may wish to make a commitment to a cause that means a lot to you but on far more
        PHOTOS: ARTHURLEE  -  1,173 words
    • ASIAN EQUITIES
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        1449 16  -  External and domestic factors, coupled with attractive valuations, may drive Asian equities to outperform global markets in 2015 By Arthur Kwong Arthur Kwong is Head of Asia Pacific Equities, BNP Paribas Investment Partners ITH the Standard Poor’s and Nasdaq benchmarks breaching all-time high levels and pushing
        PHOTO: ISTOCK  -  1,449 words
    • ASSET ALLOCATION
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        1333 17  -  Global landscape remains challenging with low rates and liquidity conditions further distorting asset prices By Jasslyn Yeo Jasslyn Yeo is Senior Investment Strategist, Bank of Singapore HE search for yield is now taking place in an evolving global landscape that is shrouded in
        PHOTO: ISTOCK; Source: Bloomberg, BOS  -  1,333 words
    • ROUNDTABLE
      • Article, Illustration
        Lock icon Against the odds
        3185 18 Investors are finding the search for yield a challenge in a ‘lowflation’ environment. Against this backdrop, our panellists share their insights on the asset classes most likely to do well Investing in a “lowflation” backdrop poses some challenges particularly if interest rates creep up amid slower economic
        3,185 words
    • COMMODITIES
      • Article, Illustration
        Lock icon In transition
        1062 22  -  Despite signs of stabilisation, the likelihood of a swift comeback in commodities remains slim as physical markets continue to grapple with a supply glut By STEFAN GRABER Stefan Graberis Head of Alternative Investment Strategy, Credit Suisse Private Banking and Wealth Management OLLOWING a turbulent year and heavy losses
        PHOTO: AFP; PHOTO: REUTERS  -  1,062 words
    • CURRENCIES
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        1001 24  -  Understanding the product and risks and having a stringent risk and money management strategy are paramount By Chris Weston Chris Weston is Chief Market Strategist, IG EARNING how forex markets work can be an extremely interesting, albeit dynamic journey, and one that will L
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    • ASSET MANAGER
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        Lock icon Cruising through ‘Asia moderation’
        1213 26 Threadneedle Investments Singapore’s Ng Soo Nam shares his views on the Asian equities market and the Asia Contrarian Equity Fund ASIAN equities have weathered a tough period in the last three years due to economic restructuring in a number of countries and earnings downgrades. Ng Soo
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    • REAL ESTATE
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        Lock icon Property’s star shining bright
        1912 30  -  Knight Frank’s Wealth Report 2015 shows the wealthy’s continuing interest in real estate Alice Tan Director and Head of Consultancy Research Knight Frank S the world progresses in urbanisation and globalisation, so does wealth. Building upon their business foundations, investing in strategic asset classes and at
        PHOTO: REUTERS; PHOTO: BLOOMBERG  -  1,912 words
    • LIFESTYLE
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        Lock icon High flyers
        1042 32  -  Pampering ultra high-net-worth passengers is the way to go for airlines in the fight for the First Class dollar By RAHITA ELIAS IT’S time to kick back and relax. The chef has prepared you a hot meal cooked a la minute. After the meal served on fine china
        PHOTOS: SINGAPORE AIRLINES; PHOTOS: EMIRATES; PHOTOS: ETIHAD AIRWAYS  -  1,042 words
    • ULTRA WEALTH
      • Article, Illustration
        Lock icon Driving the Rockefeller legacy in Asia
        1289 34  -  Wendy O’Neill, a fifth-generation Rockefeller and chairman of the Asian Cultural Council, speaks about her family’s deep appreciation for Asian culture Tara Loader Wilkinson Editor-in-Chief, Wealth-X Editor-at-Large, Billionaire O IL tycoon John D Rockefeller Sr (1839-1937) was one of the greatest benefactors to modern
        PHOTO: PAULA tOBO; PHOTO: LUANA BORGOGNONI  -  1,289 words
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      42 6 COVER ARTWORK JENNIFER CHUA PHOTO ARTHUR LEE Spotlight: Michael Lim APRIL 201 5 SPOTLIGHT DR MICHAEL LIM On medic ine and hard work ROUNDTABLE Getting the best quality yield REAL ESTATE Time t ore-look at high-end property PHILANTHROPY Rockefeller’s legacy in Asia
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      57 7 Standard Chartered Here for generations You have spent a lifetime growing your business and building wealth. Now you want future generations to understand the responsibilities that come with it. Supported by the bank that helps them aim higher. That’s good for a legacy beyond wealth. Here for good u 8
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      169 11 The business of managing the family. As a successful entrepreneur, you invest significant resources in managing your business. At HSBC Private Bank, we invest in helping you manage the business of your family. With over 60 years' experience working with successful family businesses, we understand that planning for your family's
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      107 13 TOP TRADERS USE CFDs TO TRADE MORE FOR LESS The world’s No.1 CFD provider*gives you full exposure to Singapore stocks from 10% deposit and 0.1% commission. Discover a new way to trade at IG.com.sg Losses can exceed your deposits. Ensure you understand the risks and costs involved with CFD and
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      32 21 Asset Management Wealth Management Asset Services Entrepreneurs are very good at spotting ideas. And advisers. Hong Kong: +852 3191 1805 askhongkong@pictet.com Singapore: +65 6536 1805 asksingapore@pictet.com www.pictet.com 5ft PICTET 18 0 5
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      49 23 FIRST MOVERS WILL ALWAYS CHANGE THE WORLD. BUT WHICH ONE? >> Discover our approach at juliusbaer.com/visionary-thinking Julius Baer is the leading Swiss private banking group and present in some 50 locations worldwide. From Dubai, Frankfurt, Geneva, Guernsey, Hong Kong, London, Lugano, Monaco, Montevideo, Moscow, Nassau, Singapore to Zurich (head office).
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      46 25 Commitment Crédit Agricole (Suisse) S.A. Singapore Branch 168 Robinson Road, #23-03 Capital Tower Tel: +65 6423 0325 www.ca-privatebanking.com/singapore Long term vision, Conviction driven, Innovation, Bespoke solutions, Preservation. Today and tomorrow Abu Dhabi Belgium Brazil Dubai France Hong Kong Lebanon Luxembourg Miami Monaco Singapore Spain Switzerland Uruguay
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      125 27 Stability. Reputation. Relevance. Some things should never change. ASiAMONEY #1 Most Reputable and Financially Stable Private Bank in Asia 2014 ABN AMRO Private Banking is honoured to be voted by our clients as the #1 Most Reputable and Financially Stable Private Bank in Asia. –Asiamoney Polls 2014 At ABN AMRO
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      601 28 ORGANISATION CONTACT DETAILS Premier Financial Institutions Tel +65 6597 8866 www.abnamroprivatebanking.com DESCRIPTION Tel +65 6559 8000 www.bankofsingapore.com ABN AMRO Private Banking has a mature local presence in more than 10 countries worldwide. Within Asia and Middle East, ABN AMRO currently has three private banking centres in Singapore, Hong Kong and
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      181 29 Deutsche Asset Wealth Management Worldwide strength has never been this personal. In today's dynamic environment, let us connect you to a world of new ideas in Wealth Management. Private Bank of the Year in Asia Asia Risk 2014 Best Private Bank in Hong Kong* Best Private Bank in Singapore** Asiamoney
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      127 36 BANKOFSINGAPORE Asia's global private bank Like you, we believe success doesn't arrive by taking a back seat. V iw T. 1 JLi f V V a. -V cvaV i f World > in* -x? Z. Bank of Keeping abr Business Owner Keeping up with expansion plans, 8:09am ts, 8:09am IflUsil
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