The Business Times, 9 May 2015

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Microfilm: NL33485
Total Pages: 40
1 16 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon UK economy expected to rebound with Tories’ victory
      792 2  -  Poll result confounds pundits, who expected a hung parliament and political uncertainty By Neil Behrmann btworld@sph.com.sg London THE UK economy is likely to reb o u n d Cameron’s Conservatives have now t h a t D av id Cameron’s Conservatives have
      PHOTO: AFP  -  792 words
    • MARKETS
      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.330 (US$/S$ per 1.547 2.059 EURO (US$/S$/€ 1.123 1.495 Foreign currency per US$ S$ YEN 120.00 90.20 RM 3.599 2.705 HK$ 7.753 5.828 BAHT 33.52 25.20 RUPIAH 13,107 9,852 RENMINBI 6.209 4.667 INDIAN RUPEE 63.95 48.06 A$ 1.262 0.949 NZ$ 1.344 1.010
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      • Article
        Lock icon STOCKS
        59 2 GSTI 3,452.01 (+19.23) GSTI FUTURES 3,452.00 (+19.00) GSIMSCI 388.16 (+1.11) GSIMSCI FUTURES 387.90 (+1.70) Friday Change KL COMP 1,807.65 +2.55 NIKKEI 225 19,379.19 +87.20 HANG SENG 27,577.34 +287.37 SET 1,510.51 +12.20 JAKARTA 5,182.21 +31.73 MANILA 7,763.21 -53.06 KOSPI 2,085.52 -5.48 SHENZHEN B 1,458.59 +35.58 MUMBAI IND 27,105.39 +506.28 12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.808 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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    • Article, Illustration
      Lock icon S’pore needs more ‘Stem’ grads: PM Lee
      596 3  -  This will help economy continue to upgrade, he says By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE needs more people who are strong in science, technology, engineering and mathematics (Stem) so that the economy can continue to upgrade. Making this point on Friday was
      PHOTO: MARK CHEONG/THE STRAITS TIMES  -  596 words
    • Article
      Lock icon Parliament to discuss SMRT’s telco tie-up
      410 4  -  SkillsFuture Earn and Learn programme will also be debated during Monday’s sitting By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TRANSPORT operator SMRT’s recent announcement that it will work with OMGTEL (*****) to bid for Singapore’s fourth wireless telecommunications (telco) carrier licence is among the many
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    • Article, Illustration
      Lock icon Help for SMEs on personal data protection
      606 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE government on Friday announced measures to help companies, particularly small and medium-sized enterprises (SMEs), understand the Personal Data Protection Act (PDPA), which has been in force since July 2, 2014. Minister for Communications and Information
      Source: Personal Data Protection Commission  -  606 words
    • Article
      Lock icon The rising popularity of apps of faith
      732 5  -  From food to fashion, these apps cater to consumers’ practical needs By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore JUST as Islamic finance has blazed its way to what is reportedly a US$2 trillion industry today, Islamic apps for the Muslim consumer have taken off.
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    • Article, Illustration
      Lock icon 10 things I’ve always wanted to say to PR folks
      758 5  -  BTBLOGS| Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Correspondent 1Why are you here? “Here” can mean any or all of following: (a) In this room, during my interview with your client, interrupting at critical junctures with unimportant comments. (b) In this room, during
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    • Article, Illustration
      Lock icon World War II: Economics of conflict
      879 6 / 7 The 70th anniversary of the end of World War II was commemorated by countries across Europe on May 8, Victory in Europe (V-E) Day. This comes as talk of Greece exitingthe eurozone is rife, Greece demands war reparations from Germany, and several countries question
      BT Graphics: Teh Shi Ning, Simon Ang & Khairie Rahmat; Source: The Economics of World War II, Cambridge University Press  -  879 words
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      Lock icon Page 2 Advertisements Column 1
      54 2 CONTENTS 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 LIVING Living L2-4 Dining L5 Destination dining L6-7 Style L8-9 Travel L10-12 Design L13 Motoring L14-15 Sports
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      Lock icon Page 2 Advertisements Column 2
      10 2 45Testing times ahead for UK after Tory win, Pages 26-27
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      Lock icon Page 3 Advertisements Column 1
      114 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 the Lithan EdTech Accelerator and jumpstart from ideation to product launch within 100 days Gain access to training rooms, equipment, facilities, and even funding to
      114 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      101 5 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
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon DOCTOR WITHOUT BORDERS
      2662 8 / 9  -  Innovator and entrepreneur Marie Charles talks about how she is transforming healthcare systems in the developing world. By Vikram Khanna vikram@sph.com.sg ‘WHEN I became a doctor, I soon realised that I didn’t want to treat one patient at a time,” says Marie Charles who is now not
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  • COMPANIES & MARKETS
    • Article
      Lock icon Fair value gain boosts FCL’s Q2 net
      634 10  -  Net profit in first half rose 73% to S$329 million; revenue up nearly 52% By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FRASERS Centrepoint Ltd (FCL) has posted a net profit of S$143.05 million for the second quarter ended March 31, 2015, double the S$70.02
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    • Article
      Lock icon Perennial posts S$24.7m profit for 5-month period
      301 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MAINBOARD-LISTED Perennial Real Estate Holdings has posted a profit after tax and minority interests (Patmi) of S$24.7 million for the five months from Oct 28, 2014, to March 31, 2015, following the reverse takeover (RTO) of St
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    • Article
      Lock icon Ascendas Hospitality Trust Q4 DPS up 3.3%
      335 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ASCENDAS Hospitality Trust on Friday posted a distribution per stapled security (DPS) of 1.25 Singapore cents for its fourth quarter ended March 31, 2015, a 3.3 per cent increase from the 1.21 Singapore cents it paid a
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    • Article
      Lock icon Straco Q1 earnings soar on Flyer turnaround
      390 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A TURNAROUND in fortunes for the formerly loss-making Singapore Flyer observation wheel has lifted earnings for its new owner as well first-quarter earnings for tourist attraction operator Straco soared on Friday after it brought the previously loss-mak-ing
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    • Article
      Lock icon GIC to buy stake in Hutchison’s mobile business
      379 11  -  It has 4 fellow investors in £3b deal By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore GIC will, together with four institutional investors, acquire a 33 per cent stake in British mobile operators Three UK and O2 UK from Hong Kong-listed Hutchison Whampoa Limited
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    • Article
      Lock icon OUE Q1 profit plunges 91.8%
      288 11  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore PROPERTY developer OUE’s net profit for the first quarter ended March 31, 2015, plunged 91.8 per cent to S$77.2 million, compared to S$945.6 million in the year-ago period, due to the absence of one-off gains from the deconsolidation
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    • Article
      Lock icon HPL’s Q1 profit falls 68% to S$14.3m
      248 11  -  By Prisca Ang prisang@sph.com.sg Singapore HOTEL Properties Ltd’s (HPL) net profit dipped 68 per cent to S$14.3 million for the first quarter ended March 31, 2015, largely due to lower profit contribution from two of its properties. This came on the back of
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    • Article
      Lock icon Retail trading less speculative today: SGX executive
      406 11  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore RETAIL participation in the Singapore market has fallen in the last 18 months, but it is also less speculative today, a senior executive at the Singapore Exchange (SGX) suggested on Friday. Speaking at a Bank of Singapore
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    • Article
      Lock icon STI STOCKS
      306 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 +1 247/243 271 219 5.9 6220.8 CapitaLand 358 xd -2 365/356 379 293 13.1 2.5 *****.4 CapitaMall Trust 213 -1 214/212 228 188.5 5.1 7390.5 CityDev 1028 unch 1039/1026 1095 915
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    • Article
      Lock icon SGX ETFs Most Active
      111 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 348 +2 521 350/347 355/319 348/350 IS Asia BND US US1060 -1 243 1064/1060 1081/1031 1060/1070 IS MS India US$ US723 +14 176 726/712 1000/639 723/725 90.4 UETF SSE50China 290 +1 145 293/288 318/140
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    • Article
      Lock icon SIBOR
      28 12 May 8 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
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      791 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 4 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Jiutian Chemical 07-May-15 Anyang Longyu (HK) Dev *Buy 1105 0.05 *****5 27.29 *****0 27.35 Sarine Technologies 07-May-15
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 3 0 0 0 6 7 3 Manufacturing 52 36 44 7 9 7 59 45 51 Commerce 20 22 15 2 6 2 22 28 17 Tpt/Stor/Comms 18 9 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,993 14,993 63,767 63,767 Manufacturing 129,712 70,102 199,814 85,108 2,907 88,016 Commerce 105,320 62,534 167,854 88,419 2,393 90,812 Tpt/Stor/Comms 103,879 576 104,455 126,825 79 126,903 Finance 29,958 81 30,039 183,360 15 183,376 Construction 47,628 13,112
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 May 8 VALUE CLOSE BT OB/OS -488.00 +92.00 BT CADI -*****.00 +25.00 BT 10-day MA -*****.00 -49.00 FTSE ST Mid Cap 783.80 +0.05 FTSE ST Small Cap 492.27 +0.91 FTSE ST All Share 827.31 +3.72 FTSE ST China Top 208.52 +1.43 FTSE ST China 243.68 +1.22 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 12 VOL CLOSE($) CHANGE Infinio 2,692.6 0.004 +0.002 +100.00 Elektromotive 17,385.9 0.004 +0.001 +33.33 ChinaKundaTech 563.0 0.040 +0.008 +25.00 Yongmao 98.0 0.160 +0.008 +5.26 Great Group 70.0 0.028 +0.008 +40.00 Qian Hu 152.2 0.072 -0.010 -12.20 Ouhua Energy 266.0 0.035 +0.007 +25.00 Colex 172.0 0.280 +0.030 +12.00 CosmoSteel 21,655.6
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 May-7 Price Net change change Last Trade Agricultural May-7 CBOT Soybeans (US cents/bu) 981.50 -9.00 -0.91% 14/05/2015 CBOT Soybean Oil (US cents/lb) 32.31 -0.44 -1.34% 14/05/2015 CBOT Wheat (US cents/bu) 465.75 -10.00 -2.10% 14/05/2014 May-7 LIFFE Cocoa (£/tonne) 1995.00 6.00 0.30% 13/05/2015 LIFFE Coffee (US$/tonne) 1678.00 -14.00 -0.83%
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    • Article
      Lock icon PALM OIL
      57 13 May 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2134.0 2146.0 2140.0 2130.0 42 578 Jun 15 2160.0 2169.0 2171.0 2148.0 1812 ***** Jul 15 2154.0 2162.0 2163.0 2141.0 ***** ***** Aug 15 2160.0 2163.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 May 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.27 102.31 102.31 5-Year N*****0H 1.625 01-Oct-19 99.66 99.85 99.80 10-Year NY*****H 3.000 01-Sep-24 104.9 105.25 104.90 15-Year NY*****E 2.875 01-Jul-29 102.66 103.05 102.60 20-Year NZ*****V 3.375 01-Sep-33 107.67
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 May 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0535 1.0549 0.7922 0.7926 Canadian dollar 1.0988 1.0999 0.8264 0.8262 Euro 1.4937 1.4953 1.1232 1.1235 NZ dollar 0.9894 0.9909 0.7440 0.7445 Sterling pound 2.0574 2.0597 1.5470 1.5476
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      206 13 Most active May 08 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left WE Holdings Ltd w*****5 0.3 *****1 1 0 3 FTSEChinaA50 ***** MBeCW*****0 10.4 0.6 3855 0.0 --2 DBS MB ECW*****1 12.7 0.6 3778 0.1 2180 5 UOB
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr May 7 Index Change Change Change Change Change Change World Preliminary 1334.7 0.1 4.6 0.5 4.1 -0.2 3.5 EAFE Preliminary 1079.1 -0.4 9.3 -0.2 7.3 -0.9 6.7 Europe Preliminary 1508.7 -0.2 9.2
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 13 YTD change: +2.58% 52-week high: 3,539.95 on April 15,2015 52-week low: 3,154.21 on Oct 16,2014 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 13 YTD change:+16.83% 52-week high: 28,442.75 on April 28,2015 52-week low: 21,837.12 on May 8,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 13 YTD change: +30.03% 52-week high: 4,527.40 on April 27,2015 52-week low: 2,005.18 on May 19,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        18 13 YTD change:+11.05% 52-week high: 20,187.65 on April 23,2015 52-week low: 14,006.44 on May 19,2014 Source: Bloomberg
        Source: Bloomberg  -  18 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 13 YTD change: +0.57% 52-week high: 18,288.63 on March 2,2015 52-week low: 16,117.24 on Oct 16,2014 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
    • Article, Illustration
      Lock icon STI slips 1% in low-volume, low-volatility week
      551 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent FOUR consecutive days of losses followed by a rebound on the fifth, a broad decline of interest in penny stocks punctuated by bursts of interest in a few, and no real direction from overseas markets. In
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    • Article
      Lock icon GAINERS
      71 14 BY CENTS CLOSE UP 52w high/low JMH USD 6190 172.9 2.1 6788/5700 DBXT China50 US$ 4024 90.4 1.7 4258/2715 JSH USD 3472 86.4 1.9 3810/3233 Lyxor ChinaH US$ 1926 69.2 2.8 2041/1280 GLD US$ ***** 53.2 0.4 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.4 100.0 0.2 1.6/0.2
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    • Article
      Lock icon LOSERS
      72 14 BY CENTS CLOSE DOWN 52w high/low Lyxor MS Idia US$ 1608 -65.2 -3.0 1840/1425 DBXT MSMSIA US$ 1354 -14.6 -0.8 1598/1291 HPL 407 -12.0 -2.9 453/352 Sembcorp Ind 437 -12.0 -2.7 554/405 Petra Foods 350 -10.0 -2.8 420/348 BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBePW*****8 0.1 -94.1 -1.6 21/0.1
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    • Article
      Lock icon MOST ACTIVE
      33 14 VOLUME we w*****5 732,051,800 SIIC Environment 72,849,000 IHC 53,903,700 Noble 48,059,000 SinoConstruction 38,185,900 Market volume 2,137,438,000 VALUE DBS Grp 61,671,601 UOB 59,408,997 Singtel 40,194,736 Noble 39,940,939 CapitaLand 37,001,466 Market value 999,845,000
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    • Corporate digest
      • Article
        Lock icon YuuZoo Corporation
        81 14 SINGAPORE Exchange (SGX) has granted YuuZoo Corp one month’s extension, until May 31, to hold its 2014 annual general meeting. In a filing to SGX on Friday morning, the company said it had requested additional time to hold the meeting as it needed more time for the audit
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      • Article
        Lock icon Noble Group
        84 14 MOODY’S Investors Service has affirmed Noble Group’s Baa3 issuer and senior unsecured bond ratings, as well as the provisional (P)Baa3 rating on its mediumterm note programme, following the release of its results for the first quarter ended March 31, 2015. The stable outlook reflects Moody’s expectation that the
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      • Article
        Lock icon Securities Investors Association of Singapore (Sias)
        58 14 THE non-profit, minority-investor rights group announced that it has registered as a charity under the Charities Act, allowing donors to enjoy tax benefits. Sias intends to apply to be recognised as an institution of public character, which will give its benefactors 2.5 times tax
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      • Article
        Lock icon Aspial
        63 14 PROPERTY developer and jewellery retailer Aspial Corporation’s net profit fell 92 per cent year-on-year to S$2.26 million, or 0.12 cent per share, for the first quarter ended March 31, 2015. Revenue dropped 22 per cent to S$100.1 million due to lower contributions from its property and jewellery businesses amid
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      • Article
        Lock icon China Everbright Water
        71 14 CHINA Everbright Water’s first-quarter net profit rose 49 per cent to HK$100.9 million (S$17.3 million), or 4.1 HK cents per share, on the back of two water plant expansion projects, the water treatment specialist said on Friday. Revenue jumped 80 per cent to HK$436.3 million in the
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      • Article
        Lock icon Sing Holdings
        104 14 SING Holdings’ first-quarter net loss widened to S$949,000, or 0.24 Singapore cent per share, from S$308,000 as the company remained unable to recognise sales of the uncompleted Waterwoods executive condominium project, the developer announced on Friday. Sales at Waterwoods cannot be recognised until completion, in accordance with accounting
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      • Article
        Lock icon UMS Holdings
        53 14 UMS Holdings’ first-quarter net profit fell 12 per cent to S$7.5 million, or 1.76 Singapore cents per share, due to an unusual drop in a major customer’s normal demand, the semiconductor equipment maker said on Friday. The company is nevertheless maintaining its quarterly dividend payout of one Singapore
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      Lock icon Page 11 Advertisements Column 1
      443 11 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TELE-ENGINEERING SERVICES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1057G) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a
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  • REAL ESTATE
    • Article, Illustration
      Lock icon CBRE to market sale of CPF Building
      538 15  -  79 Robinson Road to be put on market either through a tender or an expression-of-interest exercise in Q3 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE Central Provident Fund (CPF) Board has appointed property consulting group CBRE to market the sale of the CPF
      FILE PHOTO  -  538 words
    • Article, Illustration
      Lock icon NY mayor seeks ‘mansion tax’, cap on property-tax break
      531 15 Bloomberg New York NEW York Mayor Bill de Blasio plans to call for changes to a state property-tax abatement law that would force housing developers to create more affordable units. The proposal, which would need approval from the New York Assembly
      Bloomberg; PHOTO: REUTERS  -  531 words
    • Article
      Lock icon House hunt
      1111 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 25 AND MARCH 31, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 31/03/2015 99 2691 7933 2948 Marina One Residences Apt
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  • BANKING & FINANCE
    • Article
      Lock icon US banks agree to correct credit reports
      818 17 Move to erase debt after bankruptcies will bring relief to over a million borrowers NYT New York TWO of America’s biggest banks will finally put to rest the zombies of consumer debt bills that are still alive on credit reports although legally eliminated
      NYT  -  818 words
    • Article, Illustration
      Lock icon Bitcoin exchange receives first licence in NY state
      790 17 NYT New York NEW York state’s top financial regulator has granted the first licence to a Bitcoin exchange, allowing it to open legally to customers across the country. The exchange, itBit, said on Thursday that it was beginning to take on US
      NYT; PHOTO: NYT  -  790 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Saudis investing in JVs with Asian refiners
      585 18 Aramco pursues ‘long-term growth strategy’ by seeking to secure demand for its crude Bloomberg Seoul SAUDI Arabia is spending generously on Asian refiners to lock in its position as the region’s biggest supplier of oil for decades to come. The Saudi national oil
      Bloomberg  -  585 words
    • Article, Illustration
      Lock icon Asian demand for uranium spurs revival in mining Down Under
      551 18 Bloomberg Sydney A NUCLEAR-power boom in Asia that’s set to drive up uranium prices is triggering a resurgence in mining in Australia, home to the world’s largest reserves. Almost US$800 billion of new reactors are under development in the region,
      Bloomberg; PHOTO: BLOOMBERG  -  551 words
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      Lock icon Page 18 Advertisements Column 1
      68 18 HOT PROPERTY UPPER PAYA LEBAR FH big new corner terr. Price reduced, only $9xxpsf! 5+2. 4373sf. 2.5 STY SEMI-D, 999 yrs Tavistock Land. 2735 sqft. 5 bdrms, koi pond, face E Near amenities. Ask $3.8M BRAND NEW UNIQUE corner terrace Parry View. 4580/ 4911 sf 3½ sty. 5+1 bdrm.Pte lift
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Alibaba picks Daniel Zhang as its new CEO
      1010 19 Surprise appointment is portrayed as a sort of changing of the guard NYT Hong Kong BEFORE Alibaba raised US$25 billion in an initial public offering (IPO) last year, its founder, Jack Ma, said he did not care much about share prices. On
      NYT; PHOTO: REUTERS  -  1,010 words
    • Article
      Lock icon Facebook users not in an ideological information bubble: researchers
      483 19 AFP Washington SOCIAL media networks like Facebook are not putting users in an ideological information bubble, despite fears to the contrary, a new research report said on Thursday. The study published in the journal Science, based on an analysis of 10
      AFP  -  483 words
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  • CONSUMER
    • Article
      Lock icon A blend of whiskey and tequila
      455 20 Flagship tequila brand sells US$500 million of bonds to acquire Northern Ireland’s Bushmills Bloomberg Mexico City MIXING tequila and Irish whiskey appears to go down well with bondholders. JB Cia, the 250-year-old Mexican owner of Jose Cuervo, sold US$500 million of bonds this week
      Bloomberg  -  455 words
    • Article, Illustration
      Lock icon Food tech startup turns old shipping containers into farms
      676 20 AFP Las Vegas FOOD tech startup Freight Farms is giving new life to old shipping containers, and at the same time giving impetus to locally grown food. At the Collision technology conference in Las Vegas, the company showed off its basil
      AFP; PHOTOS: AFP  -  676 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Toyota tries to create new kind of security
      806 21 Carmaker is seeking buy-and-hold individuals who will invest in unusual new stock called Model AA shares Bloomberg Tokyo BILLIONAIRE investors like Dan Loeb may be heroes on Wall Street, but Toyota Motor Corp would prefer more people like Hisashi Nakanishi. The 77-year-old
      Bloomberg; PHOTO: AFP  -  806 words
    • Article
      Lock icon Bombardier planning to list minority stake in rail unit
      501 21 Reuters Toronto BOMBARDIER Inc outlined plans on Thursday to list a minority stake in its rail unit as it reported a quarterly profit that topped market expectations but also warned that it may cut production of its profitable Global business jets.
      Reuters  -  501 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Job growth up, keeping rate hike on track
      615 22 Jobless rate nears 7-year low of 5.4% but analysts don’t foresee immediate Fed action LATEST US DATA Reuters Washington US JOB growth rebounded last month and the unemployment rate dropped to a near sev-en-year low of 5.4 per cent, signs of a
      Reuters  -  615 words
    • Article, Illustration
      Lock icon Greek PM forecasts a happy ending
      569 22 Reuters Athens GREEK Prime Minister Alexis Tsipras forecast a happy end soon to fraught negotiations with creditors on a cash-for-reform deal, while the chairman of eurozone finance ministers said talks were making progress, though not enough for a deal next Monday. However, with Greece
      Reuters  -  569 words
    • Article
      Lock icon German industry output falls 0.5% in March after stagnating in February
      416 22 Bloomberg Frankfurt GERMAN industrial production unexpectedly declined in March in a sign that Europe’s largest economy remains vulnerable to global economic weakness. Output, adjusted for seasonal swings and inflation, fell 0.5 per cent after stagnating in February, data from
      Bloomberg  -  416 words
    • Article
      Lock icon China’s weak April trade stirs talk of more stimulus measures
      552 24  -  Exports dipped 6.4 per cent year on year, and imports, by 16.2 per cent By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S trade fared poorly in April, with exports falling unexpectedly and imports continuing their downward trajectory. Exports dipped 6.4 per cent
      552 words
    • Article, Illustration
      Lock icon Billionaire no more: Ukraine president’s fortune fades with war
      770 24 Bloomberg Kiev AT the November 2013 World Economic Forum in Kiev’s Intercontinental Hotel, billionaire Petro Poroshenko predicted a European Union (EU) trade pact would kick-start Ukraine’s economy and enrich his Roshen Confectionery Corp by dramatically increasing EU-bound chocolate exports. Eighteen months
      Bloomberg; PHOTO: BLOOMBERG  -  770 words
    • Article, Illustration
      Lock icon India’s reserves stand out among the Brics
      632 25 Its foreign currency stockpile is up 14% from a year ago, while those in Brazil, Russia, China have fallen Bloomberg Mumbai TWO years on from the emerg-ing-market squall that offered a demonstration of what might happen when the US Federal Reserve finally raises
      Bloomberg; PHOTO: REUTERS  -  632 words
    • Article
      Lock icon Germany limits cooperation with US over fresh spying news
      575 25 NYT Berlin GERMANY has curbed its cooperation with US intelligence, pushing back against a key ally amid new revelations of spying on Germans and other Europeans that have set off a domestic firestorm. The decision to limit Germany’s collection of information
      NYT  -  575 words
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      227 23 MASTERCLASS SERIES: ACHIEVE A BREAKTHROUGH IN YOUR SALES PERFORMANCE I I I Everyone, including YOU, can do well in sales with the RIGHT STRATEGY! Join us as our speaker, Jensen Siaw, a motivational speaker and performance breakthrough coach shares through a highly engaging and dynamic coaching session to augment your
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  • OPINION
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      Lock icon Testing times ahead for UK after Tory win
      982 26 / 27  -  The prospect of an in-out EU referendum in or before 2017 and the dominance of SNP in Scotland have major implications. By Andrew Hammond By Andrew Hammond ~The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and
      PHOTO: BLOOMBERG  -  982 words
    • Article
      Lock icon Dynastic clans are breeding grounds for achievement
      844 26 / 27  -  By David Brooks NYT AMERICANS are embarrassed. Over the last 35 years there have only been two elections without a Bush or Clinton on the national ticket. Next year both names could rest atop the ballot. In one poll, voters saw this as
      NYT  -  844 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Bankers, regulators voice fears about bond market
        1356 28 / 29  -  Recent changes in the bond market could change the way Wall Street banks, large bond funds and trading systems behave when turbulence strikes. By Peter Eavis By Peter Eavis Bloomberg WALL STREET chieftains, huge investment firms and top bank regulators are all sounding
        Bloomberg; PHOTO: AFP  -  1,356 words
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        Lock icon BROKERS’ TAKE
        742 28 / 29  -  Compiled by Teh Shi Ning Wilmar International Buy Maybank Kim Eng Research May 8 May 8 close: S$3.20 Target price: S$4.04 1Q15 PATMI accounted for 17 per cent of our FY15E. We deem this in line, as 1Q is traditionally its weakest quarter. Revenue fell 8 per cent
        742 words
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        Lock icon More downs than ups for China’s junk bonds
        927 30 Combined 35 rating cuts by S&P, Moody’s exceed four upgrades Bloomberg Hong Kong CHINA’S junk bonds suffered nine times more downgrades than upgrades this year, and another issuer faced a final deadline on Friday after the first default by a developer. A
        Bloomberg; REUTERS  -  927 words
      • Article
        Lock icon Stock picker says China rout isn’t over yet
        523 30 Bloomberg Taipei THE worst isn’t over for Chinese stocks after the biggest three-day rout since June 2013, according to HSBC Global Asset Management. China’s government will probably take further steps to curb the use of borrowed money for share investment after margin
        Bloomberg  -  523 words
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  • LIFE & CULTURE
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      Lock icon Finance community bids for worthy causes
      420 31  -  Over 500 professionals come together to raise more than S$220,000 for seven charities By Prisca Ang prisang@sph.com.sg IT was not only a night of glitz and glamour, but also one of good cheer, as Singapore’s finance community gathered to clink champagne glasses for a
      PHOTO: SAMBA  -  420 words
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      Lock icon High kicks and controversy being served up at Cannes
      419 31 AFP Paris THE Cannes Film Festival will next week lift the curtain on 12 days of glamour, movies, deals and parties drawing the elite of the cinema world, from Hollywood honchos to arthouse auteurs. Under the Riviera sun and high security
      AFP  -  419 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      295 31 CRYPTIC CROSSWORD Across 8 Return of Bette Midler netting very little money (4) 9 Rage, showing passion not feminine! (3) 10 Spirited revival of musical capturing dramatic ending (6) 11 Imaginative kind of justice? (6) 12 Joy’s rear reflected in mirror (8) 13 Security for motorbike and sidecar? (11,4) 15
      295 words
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      45 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK OFFSHORE DIAMOND SET IN STEEL. 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 AL ROY AUDEMARSPIGUET.COM
      45 words
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      104 1 LivingBTTHE BUSINESS TIMES WEEKEND MAY 9-10, 2015 MOTHERS KNOW BEST A growing number of savvy mums are turning entreprenueurs, bringing up kid-friendly businesses and products L2-4 Li-Anne Sia Runs bilingual kindergarten Rae Yun Runs kids' lifestyle store Lisa Ang Organises children's events Eliza Teoh Writes bestselling children's books Simone Ng
      104 words
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon Mothers know best
        2985 2 / 3  -  A growing number of savvy mothers are turning entrepreneurs leveraging on their own experience to build up kid-friendly businesses and products. By May Yip By May Yip IT takes experience to run a business. And as much as developing a technique of simultaneous-rocking-and-lullaby-singing as an antidote for
        PHOTOS: RAE YUN, ELIZA TEOH, LI-ANNE SIA; PHOTOS: SIMONE NG, LISA ANG  -  2,985 words
    • DINING
      • Article, Illustration
        Lock icon Going Latin
        1056 5  -  Peruvian or Latin American cuisine has taken the world by storm but is only just taking baby steps in Singapore. Two new restaurants one headed by the ex-chef of high-profile tapas bar Esquina hope to boost the nascent growth of this cuisine. By Rachel Loi By Rachel Loi
        1,056 words
      • Article, Illustration
        Lock icon DESTINATION DINING Symphony for the senses
        2181 6 / 7  -  With sights such as the fabled West Lake to behold, Hangzhou is a delight to explore on foot or bicycle, but it is the food that determines the rhythm of life in this large city. By David Yip By David Yip DAY-TRIPPERS to Hangzhou
        PHOTOS: DAVID YIP  -  2,181 words
    • SHOPPING
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        Lock icon Shoes maketh the man
        1170 8 / 9  -  With the arrival of new shoe labels ranging from the ultra-upscale to everyday office Oxfords, men have no excuse not to step out in style. By May Yip MARILYN Monroe once said: “Give a girl the right shoes and she can conquer the world.” Man, was
        PHOTOS: THE BLIND COBBLER  -  1,170 words
    • TRAVEL
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        Lock icon Where East meets West
        2004 10 / 11  -  With its unique geography, Istanbul is a city of contrasts and a treasure trove of culinary gems. By Jaime Ee VISITING Istanbul is like being slapped in the face by a school teacher who’s been trying to teach you about the unique geography of the Turkish
        PHOTOS: BY JAIME EE  -  2,004 words
    • DESIGN
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        Lock icon Almost famous
        912 13  -  Sori Yanagi was known more for his work than his name just the way he wanted it. By Arthur Sim By Arthur Sim SORI Yanagi (1915-2011) was probably one of Japan’s most famous designers that you would not have heard of. If this sounds like a contradiction, it
        PHOTOS: YANAGI DESIGN OFFICE, TENDO CO LTD, VITRA  -  912 words
    • MOTORING
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        Lock icon This B is better
        680 14  -  The Mercedes-Benz B200 is updated with a nicer interior and improved handling. By Samuel Ee samuelee@sph.com.sg THAT the Mercedes-Benz B-Class has been such a popular model here is largely understandable. This is, after all, a mini-MPV with a slightly elevated driving position and a roomy interior
        680 words
      • Article, Illustration
        Lock icon F AND FURIOUS
        787 15  -  The high-performance Lexus RC F reveals its true colours during track day at Sepang. By Samuel Ee samuelee@sph.com.sg NOT all high-performance models can thrill a pro driver and yet be easily driven by your mother. But the Lexus RC F certainly comes close. The RC F is
        787 words
    • SPORTS
      • Article, Illustration
        Lock icon A tale of two magical players
        941 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WHEN the semi-final draw for the Uefa Champions League tournament was made a fortnight ago, football fans around the world were salivating at the prospect of an El Clasico final between Spanish giants Barcelona and Real
        PHOTO: REUTERS  -  941 words
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      754 12 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard, Level 5 Z6845-1118 Give thanks and show mom how much you care this Mother’s Day at Peach Blossoms. Delicious Cantonese Set menus have been specially planned in mom’s favour featuring Longevity Birthday buns, Peach Blossoms Trio Appetiser Combination Platter,
      754 words
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