The Business Times, 7 May 2015

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Microfilm: NL33485
Total Pages: 28
1 28 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 Thursday, May 7,2015
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  • Article, Illustration
    Lock icon DAILY DIGEST
    235 1 SGX is reaching far and wide to gather feedback as it prepares to make companies follow sustainability reporting guidelines. TOP STORIES 2 Barisan Nasional coalition retained the rural Rompin seat in a by-election, albeit with a significantly reduced majority.TOP STORIES 4 COE premiums stabilised at the first bidding
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  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 3,459.79 -11.40 KL COMP 1,820.97 -6.45 NIKKEI 225 CLOSED HANG SENG 27,640.91 -114.63 SHENZHEN B 1,436.82 -5.21 DOW (noon EDT) 17,881.19 -47.01
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  • Article
    Lock icon MTP meant to ‘nudge’ firms to strengthen fundamentals: SGX
    759 1  -  Official says investors also benefit from lower trading costs due to better liquidity and narrower bid-ask spreads By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE point of imposing a minimum trading price (MTP) of S$0.20 for main-board-listed stocks is to nudge companies
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  • Article
    Lock icon HK luxury watch retailers cut prices to stay ahead
    939 1  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE fallout from the Swiss Central Bank’s surprise move in January to free the exchange rate between the Swiss franc and the euro continues to have reverberations in the world of luxury timepieces, this
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      Lock icon Page 1 Advertisements Column 1
      108 1 Hill 8 '*****1 *****4 PROPERTY Forecasts for CBD office rents clipped TOP STORIES 4 ART Asian collectors snap up paintings by Van Gogh, Picasso and Monet LIFE CULTURE 28 SKILLSFUTURE What it means for the manufacturing sector TOP STORIES/2 SINGAPORE REITS Rule changes could be announced in May: Nomura companies
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  • TOP STORIES
    • Article, Illustration
      Lock icon Tech-driven manufacturing needs new mindsets and skills
      718 2  -  Disruptive tech to force change in traditional manufacturing; SkillsFuture is ‘well-timed to help workers ride this out’ SKILLSFUTURE By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore WELCOME to Industry 4.0, the fourth industrial revolution that endeavours to put the entire manufacturing industry on the computer.
      BT Graphics  -  718 words
    • Article, Illustration
      Lock icon Bad news for British economy as polls forecast an unstable govt
      757 2  -  By Neil Behrmann btworld@sph.com.sg London IN the frantic final lap of the UK election race, the Conservative and Labour parties are head to head, each with about a third of the votes. Poll after poll have come out with
      PHOTO: AFP  -  757 words
    • Article
      Lock icon SGX’s first step towards ‘comply or explain’ for sustainability reporting
      515 2  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore Exchange (SGX) is reaching far and wide to gather feedback as it prepares to make listed companies follow sustainability reporting guidelines or else explain why they are not doing so. “Expanding the
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    • Article, Illustration
      Lock icon Forecasts for CBD office rents clipped
      1253 4  -  After tepid Q1 growth, property consultants expect rents to stagnate or ease for the rest of 2015; next year could bring downward pressure By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SENTIMENT in the Singapore office market, hailed as the bright spot of the local property
      BT illustration: Simon Ang  -  1,253 words
    • Article
      Lock icon Barisan Nasional wins Rompin by-election, but with reduced majority
      562 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur AS expected, Malaysia’s Barisan Nasional (BN) coalition retained the rural Rompin seat in a parliamentary by-election on Tuesday, albeit with a significantly reduced majority. Analysts have pinned the whit-tled-down majority to the introduction of the
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    • Article, Illustration
      Lock icon Greece makes IMF interest payment, but no cash-for-reforms deal yet
      824 4 REUTERS Athens GREECE made a small interest payment to the International Monetary Fund on Wednesday, but European lenders dashed hopes for a cash-for-reforms deal before a more crucial, bigger instalment that Athens must pay next week. Leftist Prime Minister Alexis
      REUTERS; PHOTO: REUTERS  -  824 words
    • Article, Illustration
      Lock icon COE premiums stabilise in latest bidding exercise
      499 5  -  Premiums in all categories except Cat A soften. Some dealers say the rise there driven by impending changes to the CEVS By Samuel Ee samuelee@sph.com.sg Singapore PREMIUMS for certificates of entitlement (COEs) stabilised on Wednesday, at the first bidding exercise of a new
      FILE PHOTO  -  499 words
    • Article, Illustration
      Lock icon Travel demand growth for Asia Pacific airlines outpaces broader industry in March
      571 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore ASIA-PACIFIC airlines recorded the strongest growth in passenger demand among the regions in March with an 11.1 per cent increase, as holiday-related travel spilled into early March following February’s Chinese New
      PHOTO: REUTERS  -  571 words
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      Lock icon Page 2 Advertisements Column 1
      363 2 cutting through complexity Financial Reporting Seminar Series j®- Navigating through the changing accounting and regulatory landscape Financial reporting continues to be subject to increasing complex regulatory regimes and changing financial environments. You may find yourself affected by the International Accounting Standards Board (IASB)'s recent revision of key financial metrics and
      363 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      186 5 New Connections to Seletar Aerospace Park Sengkang West Opening on Saturday, 16 May 2015, Sam SELETAR AEROSPACE PARK SELETAR CAMP PICCADILLY 4 E R 0 S CIRCUS To Sengkang West Road Seletar Aerospace Way Jalan Kayu r TO SELETAR LINK TOTPE (PIE-CHANGI) I KPE FROMTPE (PIE-CHANGI) KPE TPE (PIE-CHANGI) TPE
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  • COMPANIES & MARKETS
    • Article
      Lock icon Gupta: Laggard lenders will vanish in a decade
      652 6  -  DBS chief says western banks in particular caught up with regulatory changes instead of tackling digital banking, changes in consumption patterns and data-privacy issues By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ONE decade is all the shelf-life some banks especially those in the
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    • Article
      Lock icon UOB extends reach into Myanmar
      564 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore MYANMAR is set to be the “next frontier” in South-east Asia for United Overseas Bank (UOB) clients as the bank opened its new branch there this week extending the reach via its current foreign direct investment (FDI) unit, a
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    • Article
      Lock icon StarHub to offer new communications service
      830 7  -  Partnership with Avaya to provide Smart UC service for small and medium-sized businesses By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore LOCAL telco StarHub will offer a new Unified Communication (UC) service to Singapore-based small and medi-um-sized businesses (SMBs) in partnership with Avaya. The deal,
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    • Article
      Lock icon CitySpring’s Q4 DPU unchanged at 0.82c
      348 7  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore CITYSPRING Infrastructure Trust on Wednesday reported a distribution per unit (DPU) of 0.82 Singapore cent for the fourth quarter ended March 31, 2015, unchanged from the year-ago period. This brought the group’s FY2015 DPU to 3.28 cents.
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    • Article
      Lock icon Reit rule changes could be announced in May: Nomura
      652 7  -  BY Lee Meixian Ieemx@sph.com.sg @LeeMeixianBT Singapore NOMURA said in a Wednesday report that it believes the final changes to regulations for real estate investment trusts (Reits) could be announced sometime this month. Most other analysts are expecting a confirmation of the
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    • Article
      Lock icon ARA Asset Management earnings up 6% for Q1
      445 7  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore REAL estate fund management firm ARA Asset Management saw net profit rise 6 per cent to S$18.97 million for the first quarter ended March 2015, led largely by a quadrupling of its share of profits of
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    • Article
      Lock icon Federal’s Q1 profit surges to S$16m on higher sales
      254 7  -  By Prisca Ang prisang@sph.com.sg Singapore ENERGY equipment firm Federal International (2000) posted a 449.1 per cent year-on-year increase in net profit to S$16 million for the first quarter ended March 31, 2015. This was on the back of revenue climbing 160.9
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    • Article, Illustration
      Lock icon Weak Wall Street blamed for fall
      688 8  -  Banks turn in mixed performance; ABN Amro sees moderate rise in US wage growth STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Wednesday recorded a third consecutive fall, losing 11.4 points to end at 3,459.79. Overnight weakness on Wall Street brought
      Source: Bloomberg  -  688 words
    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -273.4 -1.0 *****/***** DBXT MSKorea US$ 6050 -260.1 -3.1 6735/5484 DBXT Chia50 US$ 4039 -175.2 -3.2 4258/2699 DBXT E50 US$ 5087 -57.1 -0.8 5630/4562 Lyxor Europe US$ 1499 -54.4 -2.7 1678/1338 BY PERCENTAGE CLOSE DOWN 52w high/low Ouhua Energy
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    • Article
      Lock icon STI STOCKS
      309 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 unch 246/243 271 219 6 6195.5 CapitaLand 376 cd -1 378/372 379 293 13.8 2.4 *****.5 CapitaMall Trust 216 -2 218/214 228 188.5 5 7494.6 CityDev 1046 -16 1051/1030 1095 915
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    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME Noble 80,068,700 SIIC Environment 43,239,900 IHC 42,224,000 SinoConstruction 38,601,000 LionGold 37,014,600 Market volume 1,540,734,000 VALUE JMH USD 123,166,933 DBS Grp 85,019,932 Singtel 79,151,668 Noble 69,905,316 UOB 65,776,507 Market value 1,268,115,000
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    • Article
      Lock icon SGX ETFs
      107 8 Most Active Flint! UBTF SSeSOfchtna Last sale -5 rooo) 27S Day higiviovK 303:290 S2VU higli/low 318/140 Buy/Sell 294/295 Mcap 91,9 STIETT ivj -1 m 351/348 355:316 349/350 i.wtcTjsron USS US12V.1 ■16 70 W/139.1 134,3/1 in I30H303 2117 IS ASIA KVT1 USS usion •2 3i 1073.0060 1119/1013 1076/1079 is
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 6 VALUE CLOSE BT OB/OS -465.00 -120.00 BT CADI -*****.00 -65.00 BT 10-day MA -*****.00 -47.00 FTSE ST Mid Cap 791.24 -0.76 FTSE ST Small Cap 498.37 -0.72 FTSE ST All Share 830.60 -2.34 FTSE ST China Top 209.97 -0.26 FTSE ST China 246.04 -0.71 FTSE
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      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index May 6,2015 830.60 -2.34 (-0.28%) Current streak 3 days Day high 831.82 Day low 827.39 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index May 5,2015 1,899.83 -13.61 (-0.71%) Current streak 1 day Day high 1,917.88 Day low 1,899.58 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 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 5 0 0 0 6 5 5 Manufacturing 44 48 42 9 8 8 53 56 50 Commerce 13 25 17 8 2 6 21 27 23 Tpt/Stor/Comms 12 20 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,026 19,026 90,690 90,690 Manufacturing 172,508 66,389 238,897 101,829 3,525 105,354 Commerce 161,433 38,096 199,529 236,335 1,982 238,317 Tpt/Stor/Comms 146,491 450 146,941 186,665 32 186,697 Finance 19,870 330 20,200 227,472 66 227,538 Construction 55,294 6,620
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 65.0 0.3 *****/***** GLD US$ ***** 53.1 0.4 *****/***** DBS Grp 2085 15.0 0.7 2123/1664 Petra Foods 400 14.0 3.6 420/348 HongkongLand USD 825 13.3 1.2 836/646 BY PERCENTAGE CLOSE UP 52w high/low Pacific Hc 1.5 66.7 0.6 6/0.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE AA 54.0 0.065 +0.010 +18.18 Ouhua Energy 364.0 0.021 -0.017 -44.74 IP Softcom 55.0 0.030 +0.008 +36.36 Atlantic Nav 110.0 0.465 -0.035 -7.00 China Flexpack 700.2 0.012 -0.002 -14.29 OSIM Intl 14,141.3 1.735 -0.195 -10.10 AVJennings A$ 41.1 0.640 +0.070 +12.28 Hosen 100.1 0.072 +0.010
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    • Article
      Lock icon BROKERS’ TAKE
      474 8  -  Compiled by Teh Shi Ning Sembcorp Marine Buy May 6 close: S$3.03 Target price: S$4.04 Nomura Research, May 6 We have a non-consensus view that deepwater rig orders could recover from Q415F, versus zero drillship orders globally since April 2014. We expect Sembcorp Marine to ride on its
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    • Article
      Lock icon CALENDAR
      11 8 DATA I 9.30 pm (May 7) US Initial Jobless Claims
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    • Article
      Lock icon Euro rises to 2-month high on German bund sell-off
      404 9 CURRENCIES London THE euro rose towards a recent two-month high against a softer dollar on Wednesday, underpinned by rising German 10-year bund yields that hit their highest this year and narrowed the gap over US Treasuries. It was also helped by
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.961 4.949 0.709 6.188 50.756 104.138 0.956 8.625 2.852 1.063 81.175 35.556 1.059 9.577 0.737 24.433 26.535 0.526 0.798 Canada 1.041 5.152
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 May 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0591 1.0598 0.7981 0.7985 Canadian dollar 1.1026 1.1033 0.8313 0.8309 Euro 1.4931 1.4938 1.1252 1.1255 NZ dollar 0.9963 0.9970 0.7508 0.7512 Sterling pound 2.0153 2.0163 1.5187 1.5192
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 May 6 Source: OCBC S$ Bid Offer 1-month 1.3279 1.3284 2-months 1.3287 1.3293 3-months 1.3296 1.3303 6-months 1.3310 1.3315
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active May 6 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB ECW*****1 12.4 0.9 8524 0.1 2180 5 KepCorp MB eCW*****1 9.3 0.6 6752 0.2 930 4 Rowsley Ltd W*****3 3.4 unch 3335 1 18 17
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr May 5 Index Change Change Change Change Change Change World Preliminary 1343.2 -0.9 5.3 -0.6 4.7 -0.7 4.0 EAFE Preliminary 1087.2 -1.1 10.2 -0.6 7.7 -0.7 7.0 Europe Preliminary 1515.2 -1.6 9.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        392 9 May 6 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.50 *****.43 *****.18 May15 *****.00 *****.00 *****.50 *****.00 *****0 *****9 Jun15 *****.00 *****.00 *****.00 *****.50 5905 6244 NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.39 *****.16 Jun15 *****.00 *****.00 *****.00 *****.00 9457 *****6 Sep15
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 May 6 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 9 May 6 $S Offer Bid 0vernight 0.33 0.28 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.70 US$ 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 GOVERNMENT SECURITIES
        66 9 GOVERNMENT BONDS May6 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.29 5-Year N*****0H 1.625 01-Oct-19 99.73 99.85 99.85 10-Year NY*****H 3.000 01-Sep-24 104.97 105.20 105.00 15-Year NY*****E 2.875 01-Jul-29 102.63 102.90 102.58 20-Year NZ*****V 3.375 01-Sep-33 107.64 108.30 107.50 30-Year
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 May-5 Price Net change change Last Trade Agricultural May-5 CBOT Soybeans (US cents/bu) 993.50 10.50 1.07% 14/05/2015 CBOT Soybean Oil (US cents/lb) 32.88 0.41 1.26% 14/05/2015 CBOT Wheat (US cents/bu) 464.00 -5.25 -1.12% 14/05/2014 May-5 LIFFE Cocoa (£/tonne) 2002.00 28.00 1.42% 13/05/2015 LIFFE Coffee (US$/tonne) 1735.00 3.00 0.17%
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      • Article
        Lock icon PALM OIL
        57 9 May 6 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2130.0 2166.0 2170.0 2130.0 126 942 Jun 15 2176.0 2189.0 2202.0 2171.0 2550 ***** Jul 15 2173.0 2183.0 2200.0 2169.0 ***** ***** Aug 15 2173.0 2181.0
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    • Article
      Lock icon Prudential’s bancassurance gap lowers Singapore Q1 APE sales
      554 10  -  Insurer posts 19% fall in its Singapore APE sales, an industry measure of revenue, to £72m By Fiona Lam fionalam@sph.com.sg Singapore THE cessation of British insurer Prudential plc’s bancassurance agreements with Maybank and SingPost in 2014 dragged down its total annual premium
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    • Article
      Lock icon OUE Commercial Reit’s Q1 DPU beats forecast
      397 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore OUE Commercial Reit (OUE C-Reit) on Wednesday announced a distribution per unit (DPU) of 1.44 Singapore cents for the first quarter ended March 31, 2015 beating its own forecast by 2.9 per cent in what it described
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    • CORPORATE DIGEST
      • Article
        Lock icon CapitaLand
        57 10 property developer CapitaLand has changed the names of its three real estate trusts. CapitaCommercial Trust is now CapitaLand Commercial Trust; CapitaMall Trust is now CapitaLand Mall Trust; and CapitaRetail China Trust is now CapitaLand Retail China Trust. The changes took effect on Wednesday; the new security names will be
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      • Article
        Lock icon Kingboard Copper Foil Holdings
        99 10 KINGBOARD Copper Foil Holdings’ first-quarter net profit more than doubled to HK$6 million (S$1 million) as revenue rose 41.7 per cent to HK$164.5 million, the industrial copper foil maker announced on Wednesday. On a per-share basis, net profit was 0.83 HK cent for the three months
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      • Article
        Lock icon Viva Industrial Trust
        71 10 VIVA Industrial Trust has set aside S$20 million to renovate Technopark@Chai Chee beginning in the second quarter of the year, the stapled Singapore-focused business park and industrial property trust announced on Wednesday. The revamp will incorporate retail and lifestyle features into the business park, with the first
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      • Article
        Lock icon Hiap Seng Engineering
        95 10 AN 87 per cent-owned subsidiary of Hiap Seng Engineering has won US$11 million of contracts scheduled for completion in March 2016, the parent company announced on Wednesday. The two contracts secured by HS Compression Process are to provide offshore gas compressor packages, said Hiap Seng, a steelwork
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      • Article
        Lock icon CH Offshore
        67 10 CH OFFSHORE posted a 35.1 per cent drop in profit to US$3.8 million, or 2.11 US cents per share, for the third fiscal quarter ended March 31, 2015 as revenue fell 13.1 per cent to US$7.8 million. Two vessels had mandatory major overhauls during the quarter, hitting turnover.
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      1710 6 Nothing in this advertisement constitutes an offer to buy, or a solicitation of an offer to sell, securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. Securities may not be offered or sold in the United States absent registration pursuant to
      1,710 words
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      157 7 csi B a? t &CUH16 (HU ©-esl3B?S'©— ra DATO’ EDWIN TAN PING HUANG Group Chief Executive Officer DATO’ COLIN TAN JUNE TENG Group Managing Director of HATTEN O U on being conferred Darjah Indera Mahkota Pahang (D.I.M.P.) which carries the title Dato’ by Kebawah Duli Yang Maha Mulia Sultan Pahang
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      44 10 THE ADAGE THAT THE PEN IS MIGHTIER THAN THE SWORD HOLDS TRUE FOR ME IN WHAT I DO EVERY DAY WITH THE POWER OF WORDS, I'VE MOVED HEARTS, UNCOVERED TRUTHS AND BROUGHT PEOPLE'S LIFE STORIES TO LIGHT. I Shen Yue BUSINESS CORRESPONDENT LIANHE ZAOBAO
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Launch of Damansara residential units this weekend
      731 11  -  GuocoLand Malaysia will be selling about 60 units in DC Residency, part of a luxury integrated development in KL’s Damansara Heights, to Singaporeans By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore GUOCOLAND Malaysia is launching about 60 units in DC Residency, the residential component of
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    • Article
      Lock icon Blackstone sells 4,600 US flats for US$650m
      368 11 Sale to Strata Equity comes amid rising demand for rental apartments BLOOMBERG Los Angeles BLACKSTONE Group, the biggest private equity investor in real estate, sold more than 4,600 US apartments to capitalise on strong demand for rental housing as it begins investing a
      BLOOMBERG  -  368 words
    • Article, Illustration
      Lock icon Daimler moving from Centennial Tower to Westgate in Jurong
      637 12  -  German group can expect rent savings of about 30% from move; GE Life also signs up at westgate Tower By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore GERMANY’S Daimler group, which owns the Mer-cedes-Benz brand, is moving from glitzy Centennial Tower in Marina
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    • Article
      Lock icon Global real estate to attract more investments this year
      501 12  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CAPITAL flows into global real estate is expected to rise by 10 to 15 per cent as investors plan to increase their acquisitions in 2015, said commercial real estate services and investment firm CBRE. Its
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    • Article, Illustration
      Lock icon New York to test out micro-unit concept
      828 13 A first building of 55 prefabricated studios is expected to welcome its tenants in the fall AFP New York NEW York, a city of exorbitant rents with more and more single residents, is about to get a brand new type of apartment: micro-units,
      AFP; PHOTO: AFP  -  828 words
    • Article
      Lock icon Helmsley Building sold for US$1.2b
      297 13 REUTERS New York MONDAY Properties, in conjunction with Invesco Ltd, said on Tuesday it has completed the sale of the landmark Helmsley Building near New York City’s Grand Central Terminal for US$1.2 billion to RXR Reality. The 34-storey building, which has 1.4 million square feet
      REUTERS  -  297 words
    • HOTEL ROOM RATES
      • Article, Illustration
        Lock icon Dubai puts its hotel success to the test
        926 14 It is building hotels at the fastest pace of any city, putting pressure on occupancy and rates that are among the highest in the world BLOOMBERG Dubai THE Burj al Arab. The Jumeirah Beach Hotel. The palm island’s Atlantis. All unmistakably Dubai,
        BLOOMBERG; PHOTO: REUTERS  -  926 words
      • Article
        Lock icon Tariffs set to rise 5% this year in US as occupancy rates increase
        405 14 REUTERS GUESTS checking into a hotel run by one of the top chains in the United States can expect to pay 5 per cent more this year than last as a brighter economy pushes occupancy to record
        REUTERS  -  405 words
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      Lock icon Outer boroughs of NYC see housing boom
      1180 15 Builders of rental and for-sale properties are being drawn to Brooklyn and Queens neighbourhoods where land is more plentiful and expenses are lower than in Manhattan BLOOMBERG New York FOR AvalonBay Communities Inc, the next promising area for New York development is in
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,180 words
    • Article
      Lock icon Househunt
      1520 15 Property transactions for districts 1 to 20 with contract dates between March 25 and March 31,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 31/03/2015 99 2691 7933 2948 Marina One Residences Apt 25/03/2015
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      354 11 London Zoo Lord's Cricket Ground Oxford Street The BT Tower Canary Wharf Regent’s Park Tower Bridge Paddington Recreation Ground 30 St Mary’s Axe (The Gherkin) Tate Modern The Shard 1 London Bridge ARGO HOUSE m 4 -in SiI I (It! HiHj |M 5 ’'■1 F 1 I Exhibition Launch Saturday
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      524 12 RARE OPPORTUNITYTO ACQUIRE A PORTFOLIO OF FREEHOLD SHOPHOUSES jaii till 9 I 1- i t i r I TANJONG KATONG ROAD TANJONG KATONG ROAD SOUTH BUONAVISTA ROAD SOUTH BUONAVISTA ROAD SOO CHOW WALK, OFF UPPERTHOMSON ROAD FIGARO STREET, OFF UPPER EAST COAST ROAD A 2-storey corner plot Approx. 2,000sf 3,800sf
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      93 12 HOTEL NEAR CHINATOWN IN KUALA LUMPUR, MALAYSIA 99-key hotel Newly refurbished Coveted freehold tenure Located at Jalan Pudu, a popular tourist location Opposite Pudu Sental Bus Terminal Short walk to Plaza Rakyat LRT station For Sale By EOI, Closing 9 June 2015 (Tuesday) 3pm INVESTMENT ADVISORY SERVICES: CLEMENCE LEE 9724
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      44 13 >CH!i Wjy4jW(TiM M 1B ilk CUSH MAN WAKEFIELD. Unit size from 400 sq ft to 2,000 Minutes walk to Bugis Nicoll Highway MRT stations Excellent for Investment NoABSD/ SSD/ foreigner eligible f Sj ANNALYNO 01 62 32 0886 9724 3662 CEA Reg No: R*****6G
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      505 13 ROYAL QUAY LONDON El4 LONDON ZONE 2 ALSO AVAILABLE A SELECTION OF FLATS AND HOUSES IN KINGS CROSS ZONE 1 ol o <6> WESTFERRY DLR CANARY WHARF BARTLETT PARK CROSSRAIL (2018) S' ag** .li’l >v 02 ARENA V j*I?5 s*Y 'VLO *4>v ■-T—. i «h3L P a Av m '.r
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      678 14 HOKKAIDO RESIDENTIAL BUILDING FOR SALE Address: Shiroishi Ward, Sapporo 4 mins walk to Shiroishi Station 4 train stop to Sapporo Station r* G TEED RENTAL YIELD frm10% (Selling price less than HDB flat price!) FREEHOLD For Sale By Private Treaty: Closing 28 MAY 2015 Dillon Loi CEA Reg No: R*****SC
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  • SINGAPORE BUSINESS AWARDS 2015
    • Article, Illustration
      Lock icon Celebrating roads less travelled
      1043 16  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore FEATS of achievement among individuals and companies were celebrated last week as the Who’s Who of corporate Singapore gathered in the Resorts World Sentosa ballroom for an evening of glitz, good food and wine; old friendships were renewed and new
      PHOTO: ABDUL WAHID BIN SUBARMAH; PHOTOS BY JOSEPH NAIR  -  1,043 words
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  • BANKING & FINANCE
    • Article
      Lock icon Barclays Asia cash-equity unit finally turns profit
      741 18 Recent cost cuts should allow it to make profit by end next year, seven years after it started the business BLOOMBERG Hong Kong BARCLAYS plc is on track to make money from its cash-equity broking unit in the Asia-Pacific region by 2016, seven
      BLOOMBERG  -  741 words
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      Lock icon New programme to offer opportunities to aspiring accountants in S’pore
      417 18  -  By Prisca Ang prisang@sph.com.sg Singapore SINGAPORE’S accountancy sector may soon enjoy a strengthened talent pipeline as more opportunities are provided to aspiring accountants. The ACCA-ISCA Joint Pathway Programme, jointly developed by the Association of Chartered Certified Accountants (ACCA) and the
      PHOTO: REUTERS  -  417 words
    • Article
      Lock icon More Viet banks set for mergers amid pressure from govt
      779 18 BLOOMBERG Hanoi VIETNAMESE bank consolidation will accelerate this year as a new rule encourages lenders with stakes in each other to merge or unwind their holdings amid a government pledge to push unions and even force bankruptcies. Renewed calls for
      BLOOMBERG  -  779 words
  • Page 18 Advertisements
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      1570 18 The Business Times k T/^VTpT/nT 1 P Toll free 1800-289-8822 I fl I Email notices@sph.com, sg I M J j j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BALCOMBE STREET ASIA HOLDINGS PTE. LTD. (Registration No. *****9653N) (In Member’s Voluntary
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      473 18 IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF BALDA INVESTMENTS SINGAPORE PTE. LTD. (Co. Reg. No: *****2682M) (“Company”) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP NOTICE is hereby given that the following special resolutions were duly passed in writing on
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon US will become major oil exporter if curbs are lifted, says report
      602 19 Govt-sponsored report says America will be able to send 2.4m barrels a day overseas in 2025 BLOOMBERG San Francisco THE US will become one of the world’s largest oil exporters if domestic production continues to surge and policy
      BLOOMBERG; PHOTO: BLOOMBERG  -  602 words
    • Article
      Lock icon US producer Magnetation is latest casualty of iron slump
      448 19 BLOOMBERG New York A WORLDWIDE oversupply of iron ore triggered Magnetation LLC’s bankruptcy filing, with the US producer saying it plans to carry out a debt-restructuring agreement with creditors. Iron ore sank to a 10-year low at the start of April
      BLOOMBERG  -  448 words
    • Article
      Lock icon Two UAE traders sued for ‘spoofing’ gold, silver futures
      405 19 US regulators claim they placed bids and offers they intend to cancel before execution BLOOMBERG New York TWO traders from the United Arab Emirates were sued by US regulators over claims they were “spoofing” gold and futures markets by placing bids
      BLOOMBERG  -  405 words
    • Article
      Lock icon China tests yuan gold fix process
      436 19 Major Chinese banks, some foreign banks involved in trial as China plans to launch gold fix this year REUTERS Singapore CHINA conducted trial runs for the planned launch of a yuan-denominated gold fix last month, three sources familiar with the matter said, in a
      REUTERS  -  436 words
    • Article
      Lock icon Indonesia palm oil shippers to pay new levy from end May
      231 19 BLOOMBERG Jakarta PALM oil exports from Indonesia, the world’s biggest producer, will be subject to a levy at the end of this month after President Joko Widodo signed rules for implementation of the new tax. “The funds will be
      BLOOMBERG  -  231 words
  • Page 19 Advertisements
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      368 19 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PHONG COMPANY PRIVATE LIMITED Company Registration No. *****1496R (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Smartphone streaming strikes at copyright owners
      747 20 Thousands of people may have watched unauthorised live streaming of Pacquiao-Mayweather fight AFP Washington THE boxing match billed as the fight of the century is over, but the battle over smartphone video streaming of the Las Vegas showdown is just beginning. Revelations that dozens
      AFP; PHOTO: AFP  -  747 words
    • Article
      Lock icon Apple under US scrutiny over talks with record labels for Beats revamp
      501 20 BLOOMBERG Washington US antitrust officials are scrutinising Apple Inc’s efforts to line up deals with record labels as it prepares to debut a new version of the Beats Music streaming service, according to people familiar with the matter.
      BLOOMBERG  -  501 words
    • Article
      Lock icon Microsoft mulling bid for Salesforce: sources
      717 20 BLOOMBERG Seattle AS Microsoft Corp mulls over whether to launch a bid for Salesforce.com Inc, it will have to weigh the benefits of a big expansion in cloud computing against the drawbacks of a high price and a costly, time-consuming integration. Microsoft is pondering
      BLOOMBERG  -  717 words
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      Lock icon China’s cybersecurity push breeds start-ups
      584 20 REUTERS Beijing ZHANG Long made his fortune selling Pu’er fermented tea and handcrafted furniture from the mountains of his native Yunnan province. Last November, the 49-year old entrepreneur, who has no technology background, strode into a Beijing ballroom to pitch his latest made-in-Chi-na product: SPGnux,
      REUTERS; PHOTO: REUTERS  -  584 words
  • Page 20 Advertisements
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      58 20 HOT PROPERTY CHANGI GREEN 1432SF 4+1 F/furn, Move-in cond. Quiet Bright. Facilities. Near MRT Immed. TANAMERA CREST 3 bdrms. Tastefully reno. F/furn. Unblocked view. Immed. $3.5K. AQUARIUS 3 RMS. F/ part furn. A1 decor. High flr. No sun facing. Immed LOOKING FOR A PLACE TO RENT? Check out these properties
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      60 20 CHECKOUT MAY ISSUE’S FREE GUIDE TO RUNNING! SINGAPORE Withtips andtrickson howtorun further andfaster, there’s somethingforevery runner! PAVEMENT PARTNERS 26 NEW RUNNING SHOES WORTH GOING THICK TO THIN WITH! p93 SUPERCHARGE YOUR RUN MAKE EACH ONE A NEW ADVENTURE WITH THIS TRAINING REGIME. p88 YOUR ULTIMATE GUIDE TO 2015 RUNNING TECH
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  • CONSUMER
    • Article
      Lock icon Managing great expectations at Alibaba
      601 21 About US$70 billion of market value eroded since November as firm’s dominance at home is challenged BLOOMBERG Hong Kong AFTER Alibaba Group Holding Ltd raised a record US$25 billion last year, founder Jack Ma said that the Chinese e-commerce company faced the danger of high
      BLOOMBERG  -  601 words
    • Article
      Lock icon Orange in talks over Jazztel assets
      364 21 Group agrees to sell parts of takeover target Jazztel’s fibre network to get regulatory approval REUTERS Paris ORANGE has begun talks with several potential buyers for parts of Jazztel’s fibre network, which it has agreed to sell to get regulatory approval for the takeover
      REUTERS  -  364 words
    • Article, Illustration
      Lock icon Hugo Boss posts Q1 profit fall, but expects growth to pick up
      345 21 REUTERS Berlin GERMAN fashion house Hugo Boss said it expected sales and profit growth to pick up during the rest of the year as it invests in its brand after reporting lower than expected first-quarter net profit. Hugo
      REUTERS  -  345 words
    • Article
      Lock icon EZ-Link launches insurance alternative for the spa industry
      670 21  -  By Elizabeth Mak eamak@sph.com.sg Singapore EZ-LINK, known for its electronic payment cards, launched on Tuesday its Trust Programme for spa and wellness service providers as an insurance alternative for consumers who purchase prepaid packages. This follows the spate of sudden closures of
      670 words
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      1611 21 LOW KENG HUAT (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) Registration No. *****0209G NOTICE OF FORTY-SIXTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Sixth Annual General Meeting of the Company will be held at Grand Mercure Roxy Singapore, Roxy Room, Level 4, 50 East Coast Road, Roxy
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Oil market’s bounce masks persistent risk in Malaysian debt
      832 22 Oil price still down more than 40 per cent since last June; cracks in political stability appearing REUTERS Jakarta APRIL was a good month for Malaysia’s economy, one of the most deeply exposed to foreign debt in Asia, as a bounce
      REUTERS  -  832 words
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      Lock icon Private payrolls growth moderates; productivity falls
      569 22 LATEST US DATA REUTERS Washington US PRIVATE employers in April added the fewest number of workers in more than a year, which could heighten worries about the economy’s potential to rebound strongly from a first-quarter slump. Private payrolls increased 169,000 last month, the ADP
      REUTERS; PHOTO: AFP  -  569 words
    • Article, Illustration
      Lock icon Indonesia to speed up spending, deploy policy mix to revive growth
      634 22 Tax revenue collection falls short of govt target amid weak oil prices REUTERS BLOOMBERG Jakarta INDONESIA will take coordinated action to revive growth after the worst slowdown since 2009, pledging on Wednesday to speed up government spending and prepare
      REUTERS; BLOOMBERG  -  634 words
    • Article
      Lock icon Eurozone business activity starts Q2 on solid footing
      396 22 REUTERS XINHUA London EUROZONE businesses started the second quarter with healthy growth as a buoyant order book again encouraged them to hire more, a survey showed on Wednesday. Any sign that the bloc’s recovery is gaining traction will be welcomed by the
      REUTERS; XINHUA  -  396 words
    • Article, Illustration
      Lock icon As growth slows, China worries about job losses
      646 23 Firms given incentives, tax breaks to retain workers amid signs Beijing may miss its job creation target Beijing AS growth in China’s sagging economy looks on the verge of falling below 7 per cent, officials worried about a spike in unemployment are
      PHOTO: REUTERS  -  646 words
    • Article
      Lock icon Britain’s exit could severely jolt EU, says bloc’s trade commissioner
      365 23 BLOOMBERG Washington BRITAIN could severely jolt the European Union (EU) if it were to leave after a popular vote, the 28-nation bloc’s trade chief said. “If they choose to leave it would have tremendous effects,” EU trade commissioner Cecilia Malmstroem
      BLOOMBERG  -  365 words
    • Article
      Lock icon A red-hot April for China’s services sector
      376 23 REUTERS Beijing CHINA’S services sector grew at its fastest pace this year in April as a sizzling stock market rally helped boost consumer confidence and spending, a private survey showed on Wednesday. Yet in a sign that China’s economy still faces strong headwinds,
      REUTERS  -  376 words
    • Article
      Lock icon India as the world’s next major trading bloc?
      1026 23 Prime minister trying to implement uniform service tax across all 29 states BLOOMBERG New Delhi A NEW common market is being formed. It has a bigger economy than the whole of sub-Saharan Africa, more states than the European Union (EU) has members,
      BLOOMBERG  -  1,026 words
  • Page 22 Advertisements
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      26 22 www.omy.sg m 2LE IflFJini—'»MV If m I w\ r sw if, i m 0 SCAN B WATCH NOW f A showbiz.omy.sg Vi 1 M SI t
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      35 22 MONEY, MONEY,MONEY Indiatops global remittanceswith US$70billion, withsomehelp fromIndian residentsin Singapore IT’S QUALITY OVER QUANTITY FOR TAMIL STAR NAKUL GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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      274 23 and Interest rates rises have historically caused volatility in capital, investment and asset markets. How will equities, bonds, commodities and currencies react to this upcoming interest rate rise? Will HK H shares and China A shares continue to soar? How will higher interest rates affect the AH premium equilibrium? byGabriel
      274 words
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      57 23 The Premier Platform for Gifts Sourcing ilSGPFair Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.SGPFair.com EXHIBIT PROFILE Embroidery Machines Services Imprinting Machines Services Etc. Interested to exhibit? Tel: (65) 6848 5938 Email; SGPFair@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY
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  • TRANSPORT
    • Article
      Lock icon Honda SUV model leads PI sales
      466 24 Total Q1 parallel imports jump 189% to 1,169 cars registered from January to March By Samuel Ee samuelee@sph.com.sg Singapore A SMALL, cool SUV from Honda has powered past the traditional Toyota model to claim the mantle as Singapore's most popular parallel import (PI) model
      466 words
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      Lock icon Ryanair eyes Europe’s top airports in revamp
      728 24 London RYANAIR Holdings plc aims to operate from every major European airport beyond the top three hubs as chief executive officer Michael O’Leary steps up a campaign to attract more business passengers, families and older travellers. The retreat of network airlines such as
      PHOTO: BLOOMBERG  -  728 words
    • Article
      Lock icon Emirates to deliver ‘sledgehammer’ response to US subsidy allegations
      306 24 REUTERS Dubai DUBAI carrier Emirates will deliver a “sledgehammer” response to a report compiled by US carriers accusing major Gulf airlines of receiving more than US$40 billion in unfair government subsidies, its president Tim Clark said on Tuesday. “Having read the
      REUTERS  -  306 words
    • Article
      Lock icon Fall in Asian shipping rates adds to fears about global trade slowdown
      399 24 Singapore STEEP drops in Asian shipping rates are adding to fears about slowing trade, as a fall in export orders from countries across the region depresses demand for ships carrying 90 per cent of world trade. Rates for
      399 words
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      Lock icon US govt issues licences for ferry services to Cuba
      378 24 Miami THE return of passenger ferry services between the United States and Cuba took a major step forward on Tuesday when the Treasury Department issued licences to at least two US companies. One of the licences was issued to Miami-based Baja
      REUTERS  -  378 words
    • Article, Illustration
      Lock icon BMW Q1 profit beats estimates
      442 24 BLOOMBERG Munich BMW AG, the world’s biggest maker of luxury cars, reported first-quarter profit that beat analysts’ expectations as demand jumped in the US and Europe for models such as the X5 sport utility vehicle. Earnings before interest and taxes increased 21 per cent from
      BLOOMBERG; PHOTO: AFP  -  442 words
    • Article
      Lock icon SHIPPING TIMES
      793 25 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hammonia America V .7E 09 May 21 May 06 Jun 14 Jun 15 Jun 16 Jun 21 Jun 22 Jun 25 Jun 25 Jun Hammonia America V.7E
      793 words
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      273 25 Equipment Processing Centre (EPC) within Jurong Port (FTZ) Providing a one-stop solution for all your logistics needs .c o m f o r m o r e d e t a i l s C a l l 8 1 2 1 0 9 6 6 o r e m
      273 words
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  • OPINION
    • Article
      Lock icon Think long-term businesses must build a growth, not just a yield, market
      540 26 EDITORIAL ANYONE who was involved in the just-past annual general meeting (AGM) season can attest to how all sorts of shareholders show up. There are the retirees who have one or two lots invested in multiple companies and
      540 words
    • Article
      Lock icon Confronting the UK’s trinity of deficits
      689 26  -  THE BOTTOM LINE By Bob Bischof T The writer is chairman of the German-British Forum, vice-president of the German-British Chamber of Industry and Commerce and a member of the Advisory Board of the Official Monetary and Financial institutions Forum (OMFIF) THE unlucky winner of
      689 words
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      Lock icon Baltimore as a parable of inner city trauma
      1481 26  -  The malaise afflicting cities with sizeable African-American populations is due more to the social-cultural decay than political and economic factors as suggested by the liberal narrative By Leon Hadar ON a recent Saturday evening, members of the Washington elite and its media
      PHOTO: AFP  -  1,481 words
    • Article
      Lock icon How Singapore can make a difference in Nepal’s reconstruction
      987 27  -  COMMENTARY By Omkar Shrestha TThe writer, who is retired from the Asian Development Bank, is a research associate with ISEAS I HAD heard so many times from my parents about their scary experiences of the massive earthquake that had shaken Kathmandu
      987 words
    • Article
      Lock icon Germany and Britain becoming surprisingly more similar
      765 27  -  COMMENTARY By David Marsh T The writer is is Managing Director and Co-Founder of the Official Monetary and Financial Institutions Forum THE UK election on May 7 will confirm a phenomenon that many may find surprising, in view of Britain’s non-membership of the
      765 words
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      Lock icon Why battle for Net neutrality in the US matters globally
      1108 27  -  At stake could be an Internet where all information is treated equally, promoting openness and free trade; a non-neutral Web benefits a few at the expense of many. BY FRANK-JURGEN RICHTER BY FRANK-JURGEN RICHTER T The writer is founder and
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Asian buyers account for a third of Sotheby’s US$368m sales
      929 28 They favour paintings by Vincent Van Gogh, Pablo Picasso and Claude Monet BLOOMBERG New York ASIAN collectors snapped up paintings by Vincent Van Gogh, Pablo Picasso and Claude Monet at a Sotheby’s auction in New York that totalled US$368.3 million.
      BLOOMBERG; PHOTO: AFP; PHOTO: BLOOMBERG  -  929 words
    • Article
      Lock icon Fans sue Pacquiao over injury
      275 28 AFP Los Angeles TWO Nevada men filed a class-action lawsuit against Manny Pacquiao on Tuesday, seeking millions in damages, saying that he fraudulently concealed a shoulder injury before his defeat to Floyd Mayweather. It is just the latest fallout from Mayweather’s victory on Saturday in
      AFP  -  275 words
    • Article
      Lock icon Mathematics tracks the hip-hop ‘revolution’
      564 28 AFP Paris OF all the music styles to emerge in the last 50 years, none took the world by storm quite like hip-hop, said researchers on Wednesday who tracked pop’s evolution with cold, hard stats. More than disco, funk or heavy metal, hip-hop and its
      AFP  -  564 words
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      Lock icon Bollywood star Salman Khan sentenced to 5 years in jail
      249 28 BLOOMBERG Mumbai A COURT in Mumbai has sentenced Bollywood film actor Salman Khan to five years in prison after finding him guilty of killing a homeless man while driving drunk in a case dating back to 2002. Khan, 49, was
      BLOOMBERG  -  249 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      337 28 CRYPTIC CROSSWORD Across 1 What may be said on meeting difficult situation? (3-2-3-2) 6 A young woman lacking finish, unfortunately (4) 9 Turned over winner’s medal it’s not 22 carat (6,4) 10 Ruler from east, on edge going west (4) 12 Considerably old Portuguese port (4) 13 Difficult experience seeing
      337 words