The Business Times, 18 April 2015

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

Microfilm: NL33463
Total Pages: 42
1 32 The Business Times
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      61 1 THE BUSINESS TIMES WEEKEND APRIL 18 19 2015 BT Living HAUTE HAWKER What lies ahead for the future of local street cuisine? L2-4 DINING Lepinoy makes a classic comeback L5-6 MOTORING Scoot away L14 DESIGN Challenging the status quo L10-11 PHOTO: THE CLIFFORD PIER STYLE Work staples L12-13 GOLF Changing
      61 words
Page thumbnail Page 2 / 3
  • BT Living
    • DINING
      • Article, Illustration
        Lock icon HAUTE OR HOT?
        2766 2 / 3  -  Even as Singaporeans bemoan the gradual fading of the local hawker scene, a growing number of independent chefs are developing their own take on heritage foods. BT Weekend looks at the evolution of hawker cuisine. By Rachel Loi @RachelLoiBT rachloi@sph.com.sg By Avanti Nim IN 10 to 20
        2,766 words
      • Article, Illustration
        Lock icon Classic comeback
        1182 5  -  Sebastien Lepinoy is back, raising his game at Les Amis with a return to fine French at great value. By Jaime Ee By Jaime Ee jaime@sph.com.sg SEBASTIEN Lepinoy remembers how, some 18 months ago when he first started work at Les Amis, he told the restaurant’s owners that
        ALL PHOTOS: JOHN HENG  -  1,182 words
      • Article
        Lock icon wine&dine
        817 6 with BTWeekend Peach Blossoms Marina Mandarin Singapore, 6 Raffles Boulevard, Level 5 Z6845-1118 Administrative Professionals Week Treat your able assistants with a sumptuous meal to show your appreciation at Peach Blossoms this Administrative Professional’s Week. Two special set menus highlighting delicious Cantonese delights, like Winter Melon Broth with Shredded
        817 words
      • Article, Illustration
        Lock icon MENU MAKEOVERS
        2159 7  -  With new chefs taking over the helm at four restaurants, customers can expect interesting changes to their menus. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Moosehead Kitchen-Bar 110 Telok Ayer Street Opening hours: Mon to Fri, 12pm to 2.30pm, 6pm to 10.30pm; Sat, 6pm to 10.30pm, closed on Sun
        2,159 words
    • HEALTH
      • Article, Illustration
        Lock icon Heart surgery for those below 50
        1447 9  -  Relatively young adults with heart disease will have to consider both the risk of complications and the long-term outcomes Michael Lim IF you have severe narrowing of the main heart arteries which compromises the blood flow to a large part of the heart muscle,
        FILE PHOTO  -  1,447 words
    • DESIGN
      • Article, Illustration
        Lock icon Challenging the status quo
        979 10 / 11  -  BT Weekend picks out 10 works by local design studios at this year’s Triennale di Milano which references the Italian movement of the 1970s, Studio Alchimia, known for pushing the boundaries of design. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT FIFTEEN design studios
        979 words
    • STYLE
      • Article, Illustration
        Lock icon WORK STAPLES
        1204 12 / 13  -  Tired of trying to crack the office dress code? Why bother, when a signature, ‘uniform’ look would work just as well? By May Yip By May Yip MUCH has been written about uber-successful men who wear the same indistinguishable garb 24/7, but could female high fliers get away
        1,204 words
    • MOTORING
      • Article, Illustration
        Lock icon Scoot away
        523 14  -  The Inokim electric scooter provides high-powered but emission-free transportation. By Samuel Ee By Samuel Ee samuelee@sph.com.sg EVER felt like saving the world by going green and hopping onto public transport instead of driving your turbocharged V8? But the only thing holding you back is the hot and sweaty
        523 words
      • Article, Illustration
        Lock icon Other e-scooters on the market
        90 14 GoBoard (right) Motor: 36V Battery: 36V 10Ah Li-Po Brakes: Front disc, rear drum Tyres: 8-inch pneumatic with front suspension Weight: 12.5 kg Full charge: 4 hours Top speed: 25 kmh Max range: 30 km ~Price: S$1,350. Contact: Falcon PEV Pte Ltd at www.falconpev.com.sg Zoom Air
        90 words
      • Article, Illustration
        Lock icon The Connected life
        676 15  -  BMW’s Connected Drive promises the ultimate in automotive connectivity. By Samuel Ee By Samuel Ee samuelee@sph.com.sg SO you think your new car has the works a smooth and powerful drivetrain that reminds you of the silken bean curd from your favourite shop, beautiful wood and leather, and
        676 words
    • GOLF
      • Article, Illustration
        Lock icon Changing of the guard
        1006 16  -  21-year-old US Masters champion Jordan Spieth has helped to open up a new exciting era in the men’s professional game. By Justine Moss By Justine Moss BEFORE this year’s US Masters even started, there was the usual commentary and analysis from golf experts and pundits centred
        PHOTOS: GETTY IMAGES, REUTERS  -  1,006 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10 / 11
Page thumbnail Page 12 / 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 1
Page thumbnail Page 2
  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 HSTI 3,525.19 (-6.42) HSTI FUTURES 3,491.00 (-7.00) HSIMSCI 397.78 (-0.02) HSIMSCI FUTURES 393.90 (-0.50) Friday Change KL COMP 1,845.86 -2.08 NIKKEI 225 19,***** -232.89 HANG SENG 27,653.12 -8659 SET 1,566.85 -3.15 JAKARTA 5,410.64 -10.09 MANILA 7,946.89 -1 31 KOSPI 2,143.50 +3.60 SHENZHEN B 1,339.63 -4,88 MUMBAI IND 28,***** -223.94
        60 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5,00 INDONESIA 14,616 TAIWAN 5.036 JAPAN 1.475 KOREA 933 BRITAIN 0,50 US 335 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
        29 words
      • Article
        Lock icon FOREX
        48 2 OS! s* USS (SS per US$) 1.346 (USS/SS per 1.496 2.014 EURO (US$/S$/€ 1.079 1.452 f-cri?)gr ce r USS YEN 118.80 88.30 RM 3.682 2.698 HK$ 7.751 5.758 BAHT 32.38 24.06 RUPIAH 12,853 9,548 RENMINBI 6.195 4.602 INDIAN RUPEE 62.33 46.30 AS 1.281 0.951 NZS 1.299 0.965
        48 words
    • Article, Illustration
      Lock icon Tighter carbon emission scheme seen keeping car prices up
      691 2  -  Despite a big spike in COE supply, most dealers don’t expect premiums to head south By Samuel Ee samuelee@sph.com.sg Singapore THE expected spike in the Certificate of Entitlement (COE) supply may not lead to lower car prices in the second half
      FILE PHOTO  -  691 words
    • Article, Illustration
      Lock icon Noble dodges accounting queries at AGM
      635 3  -  Shareholders voice concerns about group’s transparency and its valuation of Yancoal By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore AT Noble Group’s annual general meeting here on Friday, shareholders hoping to gain clarity on the recent Iceberg Research saga were disappointed. During the one-and-a-half-hour meeting,
      635 words
    • Article
      Lock icon Sound bites from Elman
      402 3 On Yancoal Mr Lau: Can I ask you a question on Yancoal? Mr Elman: Does it have to do with the financial statement? If it does, I’ll answer it. If it doesn’t, we won’t. We have to stick by the rules and regulations that the meeting
      402 words
    • Article, Illustration
      Lock icon Idea of Bursa-SGX merger ‘far-fetched’
      692 4  -  The chief executive of the Malaysian exchange says a more realistic option would be to collaborate and share connectivity By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE possibility of a merger between Bursa Malaysia and Singapore Exchange (SGX) to create an Asian power exchange with a
      FILE PHOTO  -  692 words
    • Article, Illustration
      Lock icon Corporates needed in non-profit space
      974 5  -  Centre for Non-Profit Leadership aims to raise leadership capabilities in the sector By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore TOP-NOTCH leadership is as important as fundraising (if not more) in the non-profit sector, says Yoon Wai Nam. This provocative view of the chief executive officer of
      PHOTO: YEN MENG JIIN  -  974 words
    • Article
      Lock icon Jones the Grocer chalks up close to S$20m in liabilities
      554 5  -  By Debbie Yong debyong@sph.com.sg @DebbieYongBT Singapore JONES the Grocer’s (JTG) Singapore arm has accumulated almost S$20 million in total liabilities, but creditors are likely to recover only a fraction of sale proceeds even if a buyer for the business is
      554 words
    • Article, Illustration
      Lock icon Samsung melds function and form in its S6s
      1086 6  -  S6 and S6 Edge feature fast, wireless charging, longer battery life, sleeker interface By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore DESPITE making some of the world’s most versatile and powerful smartphones over the years, Korean tech giant Samsung Electronics has always been
      PHOTO: SAMSUNG  -  1,086 words
    • Article, Illustration
      Lock icon New side of Bernanke: blogger provocateur
      678 7 Former Fed chairman’s blog is mainly for people with an insatiable interest in monetary policy, but it has its charms Bloomberg New York BEN Bernanke’s blog titled, with the caution of a former Fed chairman, “Ben Bernanke’s Blog” is mainly for people with an
      Bloomberg; PHOTO: AFP  -  678 words
    • Article, Illustration
      Lock icon Sigma-Aldrich opens Asia-Pacific HQ and technical centre in Singapore
      436 7  -  By Prisca Ang prisang@sph.com.sg Singapore AMERICAN life science company Sigma-Aldrich has opened its Asia-Pacific headquarters and cell culture technical centre in Singapore. Located at Biopolis Research Park, the facility brings the company’s existing commercial offices and production laboratories in Singapore into
      PHOTO: SIGMA-ALDRICH  -  436 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      53 2 CONTENTS LIVING Dining L2-4 Dining L5-6 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Dining L7-8 Health L9 Design L10-11 Style L12-13 Motoring
      53 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      106 3 Calling all educators and experienced industry professionals BEAN EDUPRENEUR! ATTEND A FREE SEMINAR TO LEARN HOWTO: Build an Education Business around your expertise Qualify for Lithan Accelarator Be an Edupreneur within 100 days! Avail of training, facilities, and equipment to jumpstart your Applied Learning Edutech business Venue: Launchpad@one-north, Blk79 AyerRajar,
      106 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8 / 9
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Advocate for action
      2577 8 / 9  -  Richard Horton, editor of medical journal The Lancet, sees science and medicine as a basis for driving social and p litical hange. By Anna Teo By Anna Teo anna@sph.com.sg REGULAR readers of The Lancet would not be surprised to find, among its weekly articles on the latest
      2,577 words
Page thumbnail Page 10
  • COMPANIES & MARKETS
    • Article
      Lock icon Markets backed by liquidity: Schroders
      902 10  -  Global valuations are high but 10-13% return this year achievable if earnings ratios stay at current levels By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Seoul GLOBAL equities might achieve a 10-13 per cent return in 2015, said Alex Tedder, head and chief investment officer (CIO) of global
      902 words
    • Article
      Lock icon UEL’s Multi-Fineline expects 25% rise in Q1 net sales
      228 10 Singapore UNITED Engineers Limited’s subsidiary Multi-Fineline Electronix (MFLEX) said it expects net sales in the first quarter of 2015 to be between US$145 and US$150 million, at the mid to high end of the company’s guidance range of US$130 to US$160
      228 words
    • Article
      Lock icon Insuring against market falls? Not worth it
      529 10  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Seoul SCHRODERS’ head of structured fund management Thomas See has bad news for investors who want equity exposure but cannot withstand the fluctuations associated with the asset class. In a low-rate environment, it is not worth it to
      529 words
    • Article, Illustration
      Lock icon A two-tier market driven by penny stocks
      744 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE phrase “two-tier” has featured prominently in the market and press recently because Keppel Corp’s takeover offer for Keppel Land featured two prices. However, the phrase is equally applicable when describing the state of the local
      744 words
    • Article
      Lock icon Auditor raises issue on Blumont’s ability to continue as a going concern
      421 11  -  By Mindy Tan tannmindy@sph.com.sg @MindyTanBT Singapore BLUMONT Group’s independent auditor, Moore Stephens, has drawn attention to an issue that may have significant bearing on the group’s ability to continue as a going concern. In an “emphasis of matter”
      421 words
    • Article
      Lock icon STI STOCKS
      320 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 263 -1 265/261 269 219 5.4 6649.6 CapitaLand 368 cd -2 371/365 371 293 13.5 2.4 *****.7 CapitaMall Trust 225 +3 225/218 228 188.5 4.8 7805.3 CityDev 1063 cd -10 1079/1053 1118
      320 words
    • Article
      Lock icon SGX ETFs Most Active
      112 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 302 -3 192 310/302 310/140 302/304 94.4 IS MS India US$ US793 -1 171 799/792 1000/636 793/795 99.1 DBXT CSI300 US$ US1264 +12 104 1284/1255 1284/615 1080/1290 ABF SG Bond ETF 114.5 -0.9 56
      112 words
    • Article
      Lock icon SIBOR
      28 12 Apr 17 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
      28 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      779 12 For week beginning Apr 13 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Asia Enterprises 16-Apr-15 Ching Thim Pheng Buy 50 0.22 ***** 6.02 ***** 6.03 Linair Tech 16-Apr-15 Loh
      779 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 5 0 0 0 8 3 5 Manufacturing 47 50 52 7 10 13 54 60 65 Commerce 25 19 19 3 7 4 28 26 23 Tpt/Stor/Comms 13 19 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 38,371 38,371 147,463 147,463 Manufacturing 551,136 197,437 748,573 135,184 11,140 146,324 Commerce 113,279 120,694 233,973 78,703 6,365 85,068 Tpt/Stor/Comms 221,269 1,304 222,573 241,337 107 241,444 Finance 31,110 367 31,477 224,949 107 225,055 Construction 172,960 32,163
      123 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Apr 17 VALUE CLOSE BT OB/OS 768.00 -52.00 BT CADI -*****.00 -21.00 BT 10-day MA -*****.00 +77.00 FTSE ST Mid Cap 805.12 -2.41 FTSE ST Small Cap 505.10 +0.32 FTSE ST All Share 845.85 -1.58 FTSE ST China Top 210.46 +1.28 FTSE ST China 244.22 +0.82 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE China Fishery 41,476.7 0.205 +0.024 +13.26 China Bearing 300.0 0.037 +0.012 +48.00 Oriental 7,090.0 0.060 -0.009 -13.04 Dynamic Colours 555.0 0.205 +0.007 +3.54 IP Softcom 30.0 0.022 +0.002 +10.00 StratechGroup 15,030.4 0.020 +0.002 +11.11 AP Oil 4,672.0 0.230 +0.010 +4.55 Asiatic 24,217.7 0.034 +0.002 +6.25
      82 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Apr-16 Price Net change change Last Trade Agricultural Apr-16 CBOT Soybeans (US cents/bu) 966.00 1.00 0.10% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.76 -0.04 -0.13% 14/05/2015 CBOT Wheat (US cents/bu) 494.50 3.75 0.76% 14/05/2014 Apr-16 LIFFE Cocoa (£/tonne) 1964.00 19.00 0.98% 13/05/2015 LIFFE Coffee (US$/tonne) 1796.00 2.00 0.11%
      193 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
      2 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      213 13 Most active Apr 17 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.9 -0.2 ***** 1 18 18 Jubilee Industries w*****9 0.7 -0.1 7250 1 6 10 8.71 19 DBS MB eCW*****5 9.5 0.8 5795 0.1
      213 words
    • Article
      Lock icon PALM OIL
      57 13 Apr 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2160.0 2184.0 2191.0 2159.0 721 9821 Jun 15 2156.0 2163.0 2172.0 2141.0 6512 ***** Jul 15 2142.0 2148.0 2159.0 2128.0 ***** ***** Aug 15 2128.0 2135.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Apr 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.83 102.86 102.83 5-Year N*****0H 1.625 01-Oct-19 100.64 100.70 100.55 10-Year NY*****H 3.000 01-Sep-24 107.28 107.60 107.10 15-Year NY*****E 2.875 01-Jul-29 105.35 105.60 105.35 20-Year NZ*****V 3.375 01-Sep-33 110.84
      67 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Apr 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0507 1.0515 0.7807 0.7810 Canadian dollar 1.1053 1.1063 0.8218 0.8213 Euro 1.4520 1.4529 1.0789 1.0792 NZ dollar 1.0360 1.0371 0.7698 0.7703 Sterling pound 2.0135 2.0147 1.4961 1.4965
      155 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Apr 16 Index Change Change Change Change Change Change World Preliminary 1361.8 -0.3 6.7 -0.4 6.7 0.1 4.4 EAFE Preliminary 1120.1 -0.4 13.5 0.0 10.1 0.4 7.7 Europe Preliminary 1577.8 -0.9 14.2
      373 words
    • Article, Illustration
      Lock icon Bank shares trail market performance
      387 14  -  Analysts positive on Q1 earnings results By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SHARES of the Singapore banks have underperformed the market this year, although analysts are mostly positive about their earnings ahead of their coming results announcements. Shares of DBS Group Holdings, OCBC Bank and
      Source: Shareinvestor  -  387 words
    • Article
      Lock icon StarHub’s CFO leaving for ‘personal reasons’
      216 14  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore STARHUB on Friday announced the resignation of its chief financial officer (CFO) Nicholas Tan, stating that he is leaving for “personal reasons”. Mr Tan joined StarHub in July 2013; his resignation will take effect from April 30. “The
      216 words
    • Article
      Lock icon Bank of China expanding presence in Singapore
      258 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Bank of China (BOC) is expanding its presence here with more branches, more ATMs and a freshly inked deal with the local bourse to roll out more yuan-de-nominated financial instruments. BOC said in a statement on
      258 words
    • Article
      Lock icon Tat Hong expects Q4 loss
      259 14  -  By leemx@sph.com.sg Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CRANE operator Tat Hong Holdings on Friday said it expects to report a loss for its fourth quarter ended March 31, 2015. “Notwithstanding this, the group expects to remain profitable for FY2015, as its underlying performance in Q4
      259 words
    • Corporate digest
      • Article
        Lock icon Envictus International
        46 14 ENVICTUS International Holdings’ wholly owned subsidiary, Polygold Beverages, has entered into a conditional sale and purchase agreement with Central Spectrum (M) to acquire eight plots of land in Selangor Halal Hub, Pulau Indah, an industrial park in Selangor, Malaysia, for RM57.6 million (S$21.4 million).
        46 words
      • Article
        Lock icon LHN Limited
        50 14 NEWLY listed LHN Limited has signed a seven-year master lease agreement with Oxley Bliss for 18 Tampines Industrial Crescent, with an option to renew the lease for another seven years. The B2 Clean Industrial property is expected to be completed in late May or early June this year.
        50 words
      • Article
        Lock icon ISEC Healthcare
        71 14 ISEC Healthcare has entered a non-binding memorandum of understanding with Cao Thang Corp (CTC) and an individual, Nguyen Danh Khoi. ISEC intends to incorporate a wholly owned subsidiary in Singapore under the name “ISEC Global”. Following the formalisation of the JV agreement, ISEC will hold a 51 per
        71 words
      • Article
        Lock icon Federal International
        64 14 PT Federal International, a wholly owned subsidiary of Federal International (2000), has secured a contract of about US$917,000 for the charter of its land drilling rig for the drilling of three wells in Jaboi, Sabang, Aceh Province. The contract also provides the charterer with an option to extend
        64 words
      • Article
        Lock icon Sino Construction
        46 14 MOORE Stephens, Sino Construction’s independent auditor, has stated that it was not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Moore Stephens was engaged by the company to audit its financial statements as at Dec 31, 2014.
        46 words
  • Page 10 Advertisements
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      86 11 THE BVI BUSINESS COMPANIES ACT, 2004 NEW SOMERSET LIMITED (Company Number: *****13) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is 09
      86 words
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
  • REAL ESTATE
    • Article, Illustration
      Lock icon Alibaba co-founder said to have bought penthouse at Le Nouvel Ardmore
      404 15  -  Singapore permanent resident Sun Tongyu was former president of Taobao e-commerce site By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE buyer of the S$51 million penthouse that Wing Tai recently sold at Le Nouvel Ardmore is believed to be Sun
      FILE PHOTO  -  404 words
    • Article, Illustration
      Lock icon Grand Copthorne launches food waste recycling project
      271 15  -  By Prisca Ang prisang@sph.com.sg Singapore THE Grand Copthorne Waterfront Hotel, one of Millennium Copthorne’s (M&C) five properties in Singapore, has partnered the National Environment Agency (NEA) to launch a food waste recycling pilot project. Under NEA’s 3R (Reduce, Reuse, Recycle) funding scheme, the
      PHOTO: ARTHUR LEE  -  271 words
    • Article
      Lock icon Brazil landowners group contests curb on foreign land ownership
      423 15 Reuters Sao Paulo BRAZIL’S Rural Society of landowners filed a case with the country’s Supreme Court on Thursday seeking to overturn restrictions on the amount of land foreigners can purchase. The attorney general’s office tightened restrictions on foreign land ownership in
      Reuters  -  423 words
    • Article
      Lock icon House hunt
      1056 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 4 AND MARCH 10, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 10/03/2015 99 1130 2600 2300 District 2 NON-LANDED Spottiswoode
      1,056 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      91 15 Good Class Bungalow For Sale by Tender Chee Hoon Avenue Freehold Land Area: approx. 17,868 sf Built-up Area: approx. 3,300 sf Frontage of about 39m and average depth of about 42m Part 1 -storey part 2-storey detached house with 2 bedrooms and 1 study room Suitable for A&A or redevelopment
      91 words
Page thumbnail Page 16
Page thumbnail Page 17
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Goldman, BOA sell US$7b of debt after posting profits
      564 17 The sales are part of efforts to meet new capital rules following the financial crisis Bloomberg New York GOLDMAN Sachs Group Inc and Bank of America Corp tapped capital markets Thursday after posting above-forecast profits as banks look to boost reserves
      Bloomberg; PHOTO: AFP  -  564 words
    • Article
      Lock icon China suspends bank technology rules
      365 17 Delay comes after outcry on unfair regulatory pressure Reuters Beijing CHINA has put on hold bank technology rules that Washington and others complained amount to unfair regulatory pressure on foreign firms, a government notice seen by Reuters said. The notice, dated Monday and issued by
      Reuters  -  365 words
    • Article
      Lock icon RBI said to oppose overseas settlement of debt
      339 17 Bloomberg Mumbai INDIA’S central bank is opposed to a proposal to allow overseas settlement of the nation’s sovereign debt because such a move could lead to higher currency volatility, people familiar with the matter say. The Reserve Bank of India (RBI) doesn’t
      Bloomberg  -  339 words
Page thumbnail Page 18
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Europe’s refiners to pay price for oil glut in US
      800 18 Continent’s Q3 processing margins may drop by about 42 per cent: Wood Mackenzie Bloomberg London THE biggest crude glut in the US since the 1930s means one thing for European refiners: The highest margins in eight years won’t last. US
      Bloomberg  -  800 words
    • Article
      Lock icon Oilfield services provider Schlumberger cuts more jobs
      527 18 Bloomberg Houston SCHLUMBERGER Ltd, the world’s largest oilfield services provider, will eliminate an additional 11,000 positions in a sign the industry will undergo another round of job cuts as a result of tumbling crude prices. The latest announced reductions bring the company’s total
      Bloomberg  -  527 words
Page thumbnail Page 19
  • TECHNOLOGY
    • Article
      Lock icon WikiLeaks publishes Sony documents, e-mails
      537 19 Move makes the material searchable, giving journalists and Sony competitors access to the information Bloomberg Los Angeles WIKILEAKS published more than 200,000 internal Sony Pictures Entertainment (SPE) documents and e-mails, opening a new chapter in the hacking saga that enveloped Sony Corp’s Hollywood studio late
      Bloomberg  -  537 words
    • Article, Illustration
      Lock icon China’s DJI drones flying high among US companies
      744 19 Reuters Washington CHINESE drone-maker SZ DJI Technology Co Ltd has established a strong early lead in the US commercial market as companies turn to its inexpensive, light-weight flying devices for a host of uses from shooting films to mapping and site inspections.
      Reuters; PHOTO: BLOOMBERG  -  744 words
    • Article
      Lock icon Bloomberg terminals hit by global breakdown
      198 19 AFP Paris BLOOMBERG terminals used by subscribers to make trades using real-time developments in business and finance were struck by a “global network problem” for several hours on Friday, the company’s technical department said. After users in financial centres around the world flocked to
      AFP  -  198 words
Page thumbnail Page 20
  • CONSUMER
    • Article
      Lock icon E-cig use triples among US teens in 1 year
      454 20 Survey also finds hookah use nearly doubling in a year AFP Miami SOME two million US high school students tried e-cigarettes last year, a rate that tripled in just one year, US health authorities said on Thursday. The 2014 survey by
      AFP  -  454 words
    • Article, Illustration
      Lock icon Etsy IPO is test of corporate governance for B Corp firms
      846 20 NYT New York THE online craft bazaar Etsy made its debut on the Nasdaq stock market on Thursday, signalling the birth of an unusual public corporation and not just because its employees carry around compost on bicycles, or because
      NYT; PHOTO: BLOOMBERG  -  846 words
Page thumbnail Page 21
  • TRANSPORT
    • Article
      Lock icon Chinese SUVs make inroads at home
      533 21 New entrants to China’s top-10 list built on sedan frames and priced cheaply Reuters Beijing TWO years ago, just one Chinese SUV ranked among the country’s top 10. In the first three months of this year, that number jumped to eight a sign that
      Reuters  -  533 words
    • Article, Illustration
      Lock icon Jakarta’s commuters see no relief from traffic congestion
      490 21 Reuters Jakarta MILLIONS of Jakarta commuters will have to struggle through the world’s most congested traffic for almost another decade, the authorities believe, and they may have to wait even longer if US$4 billion worth of new railway projects don’t work out
      Reuters; PHOTO: REUTERS  -  490 words
    • Article
      Lock icon Dicey margins prompt seat squeeze in airlines
      465 21 Slim-line seats and extra emergency exits among strategies used Reuters Berlin AIRLINES are packing ever more seats into economy class to protect profit margins from falling ticket prices, prompting concerns over health and safety from travellers and crew. Slim-line designs, extra emergency exits
      Reuters  -  465 words
Page thumbnail Page 22
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon UK jobless claims fall to 40-year low, pay growth up
      549 22 Bloomberg London UK JOBLESS benefit claims fell to the lowest level in four decades and pay growth accelerated in an electoral boost for Prime Minister David Cameron. According to the last labour market report before the May 7 general election,
      Bloomberg; PHOTO: REUTERS  -  549 words
    • Article
      Lock icon India March trade deficit highest in four months
      517 22 Policymakers worry weak foreign demand will hurt exportoriented investment Reuters New Delhi INDIA’S trade deficit in March was the highest in four months, at US$11.79 billion, as exports continued to fall, underscoring risks for growth prospects in Asia’s third-largest economy. A plunge
      Reuters  -  517 words
    • Article
      Lock icon Grexit fears rise as IMF rebuffs payment delay
      466 22 AFP Washington TOP European officials and Greece’s finance minister were forced to play down fears that the country was poised to exit the eurozone, after the International Monetary Fund (IMF) rejected suggestions that Athens would postpone loan repayments. But the perilous state
      AFP  -  466 words
    • Article
      Lock icon Inflation firms as March cost of living rises
      642 23 Increase in core consumer-price index reflects broad-based gains in rents, medical care, clothing and used vehicles LATEST US DATA Bloomberg Washington THE cost of living in the US excluding food and fuel rose 0.2 per cent in March for a third month,
      Bloomberg  -  642 words
    • Article, Illustration
      Lock icon EU’s British finance chief woos London capital market leaders
      537 23 Reuters London EUROPEAN Union plans to help markets raise more funds for the economy play to London’s strengths as a global trading centre, the bloc’s financial services chief Jonathan Hill told leading bankers and dealers on Friday. In his first speech
      Reuters; PHOTO: REUTERS  -  537 words
    • Article
      Lock icon California farmers dig deeper as wells run dry
      428 23 Bloomberg San Francisco NEAR California’s Success Lake, more than 1,000 water wells have failed. Farmers are spending US$750,000 to drill 1,800 feet (about 550 metres) down to keep fields from going fallow. Makeshift showers have sprouted near the church parking lot. “The
      Bloomberg  -  428 words
    • Article
      Lock icon China sees policy divide as growth slows
      749 24 Economists are polarising into those calling for more stimulus and a rival camp emphasising structural reforms Reuters Beijing WITH China’s economic growth heading for a quarter-century low, think tanks and advisers to the government are polarising into those calling for more stimulus to
      Reuters  -  749 words
    • Article, Illustration
      Lock icon Chinese premier urges reluctant banks to support real economy
      461 24 Reuters Beijing CHINESE Premier Li Keqiang on Friday urged banks to do more to support the real economy, as the authorities grow frustrated with commercial banks' reluctance to lend for productive investment, even as their funds support a debt-fuelled stock market
      Reuters  -  461 words
    • Article, Illustration
      Lock icon Beijing will not use AIIB to fund Pakistan deal
      454 25 Money for economic corridor will come from both countries, says China minister Reuters Beijing CHINA does not plan to use either its new Asian Infrastructure Investment Bank (AIIB) or Silk Road fund to finance the US$46 billion Pakistan-China Economic Corridor, with
      Reuters  -  454 words
    • Article
      Lock icon US companies using more of their credit lines to hire and expand
      580 25 Reuters New York US banks are reporting that companies are tapping more of their credit lines to fund hiring and expand their businesses, a promising sign for the economy. Commercial borrowers are using two or three percentage points
      Reuters  -  580 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      40 24 Suzhou designer Wang Guang Li st enli nlis Chinei desigi e to h s 50 se ners lp "prehist serve ory" fo old e n H i villages nan <&5,9-8=>0 7/"2).*35,9 4+;!%:(16$#’ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      40 words
Page thumbnail Page 25
Page thumbnail Page 26 / 27
  • OPINION
    • Article, Illustration
      Lock icon Rallying businesses against trafficking
      1300 26 / 27  -  They can be persuaded that being seen to practise or be party to human trafficking is bad for their image, and ultimately, their bottom lines. By John Gee By John Gee ~The writer is head of research at the migrant workers’ group Transient Workers Count Too
      PHOTO: BLOOMBERG  -  1,300 words
    • Article, Illustration
      Lock icon Schauble and Varoufakis: united by fear of failure
      728 26 / 27  -  By David Smith ~The writer is attending the Washington spring meetings of the World Bank and IMF as an adviser to OMFIF(Official Monetary and Financial Institutions Forum) OMFIF Briefing Washington TIMING is everything. So too body language. And sometimes it’s all about
      OMFIF Briefing; PHOTO: BLOOMBERG  -  728 words
  • Page 26 / 27 Miscellaneous
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Wall Street banks pin hopes on mutual funds
        1419 28 / 29  -  But most of the funds run by each of the four largest banks have underperformed their basic benchmarks over the past 10 years By Nathaniel Popper NYT FACING challenges on all fronts, Wall Street banks are pinning some of their hopes on
        NYT; PHOTO: BLOOMBERG  -  1,419 words
      • BROKERS' TAKE
        • Article
          Lock icon Telecom sector
          94 28 / 29 DBS Group Research, April 16 THERE is a rational case for a fourth telco. SMRT’s participation will beef up the case for a fourth telco with SMRT’s real estate supporting network rollout and retailing of telecom services. We estimate 9.4 per cent return on investment for the new
          94 words
        • Article
          Lock icon Keppel Corporation
          139 28 / 29 Hold April 17 close: S$9.25 Target price: S$8.51 KGI Fraser, April 17 KEPPEL’S Q1 2015 results were slightly below our expectations, making up 23 per cent of our net profit estimates for FY2015. Offshore Marine (O&M) segment continues to face headwinds but management does not expect cancellations for
          139 words
        • Article
          Lock icon Singapore Airlines
          172 28 / 29  -  Compiled by Claire Huang Sell April 17 close: S$11.94 Target price: S$11.20 UOB Kay Hian, April 17 WE maintain the previous technical SELL with the same target price and stops of S$11.20 and S$12.20, respectively. The stock continues to trade below the breakaway gap formed on Feb 3,2015
          172 words
      • Article, Illustration
        Lock icon JPMorgan Asset Management tells investors how to attain yesterday’s sterling yields today
        967 30  -  MD says “to do one of two things: the first is to take a lot of risk in less liquid assets; and the other thing is to perhaps sell the upside and growth to produce income” By Genevieve
        967 words
  • Page 28 / 29 Advertisements
Page thumbnail Page 30
Page thumbnail Page 31
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Star Wars trailer leaves US fans in raptures
      710 31 Reboot of iconic franchise, directed by JJ Abrams, is slated for release on Dec 18 AFP Anaheim, United States HYPE surrounding the eagerly anticipated Star Wars reboot made the jump to light speed on Thursday as the movie’s makers unveiled a new
      AFP; PHOTO: AFP  -  710 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      338 31 CRYPTIC CROSSWORD Across 1 March will be heaven one’s going away! (6) 4 Supplied last of tableware, cracked (8) 10 Snappy technique from corrupt e-mail pest (4-5) 11 Picture young lad hides at home? (3-2) 12 Quick a couple of lines, say, with rope cut in half (7) 13 Huge
      338 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      44 32 THERE ARE EXCEPTIONS TO EVERY RULE. JULES AUDEMARS DIAMOND SET IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE FORUM THE SHOPPING MALL 583 ORCHARD ROAD, #01-05/06 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CANAL LEVEL B2-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM JULE
      44 words