The Business Times, 11 May 2015

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Microfilm: NL33485
Total Pages: 25
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    35 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD BEST IN OVERALL REDESIGN 5$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [3 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 051/08/2014 Monday, May 11,2015
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  • Article, Illustration
    Lock icon DAILY DIGEST
    240 1 Should US retail sales and industrial production data provide more “just right” readings of economic growth, major indexes could break out of the tight 2015 range. COMPANIES MARKETS 7 IBM supercomputer Watson is becoming a jack of all trades including in its new role as a business consultant
    240 words
  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 3,452.01 -35.38 KL Comp 1,807.65 -10.62 Nikkei 225 19,379.19 -152.44 Hang Seng 27,577.34 -555.66 Shenzhen B 1,458.59 +32.27 Dow 18,191.11 +167.05
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  • Article, Illustration
    Lock icon S’pore businesses still mired in pessimism
    855 1  -  BT-UniSIM survey shows construction firms most downbeat about next six months By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore BUSINESS sentiment in Singapore has shown no sign of improving after a first quarter of poorer sales, profits and orders. Pessimism among companies remains at its
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  • Article, Illustration
    Lock icon China cuts interest rates for 3rd time in six months
    670 1 Latest cut comes days after weaker than expected April data, as Beijing acts to halt slowdown REUTERS Beijing CHINA cut interest rates for the third time in six months on Sunday in a bid to lower companies’ borrowing costs and
    REUTERS; PHOTO: REUTERS  -  670 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      185 1 8 "*****1 *****4 FYR CYCENE OND DRINC Fuss-free sustenance for modern cave dwellers DINING OUT/25 IWC PORTUGIESER. THE LEGEND AMONG ICONS Portugieser Annual Calendar. Ref. 5035: It took Portugal’s ocean-going heroes centuries to become legends; IWC’s Portugieser took just 75 years. For it is that long since the appearance of
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      21 1 TOPLINE American Express: Evolving through the ages COMPANIES MARKETS 7 STAYING AHEAD Identifying key future skills views from the top 14-15
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      10 1 UK ELECTIONS Economy pulls David Cameron through TOP STORIES 2
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      12 1 China still has most impact on Singapore firms’ sales: survey, Page 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Economy pulls Cameron through
      1008 2  -  Double-edged nature of the poll outcome will have many implications COMMENTARY By David Marsh THE relative strength of the UK economy the factor that decided last week’s British election should ease Prime Minister David Cameron’s task of winning concessions from the rest of Europe ahead of
      PHOTO: AFP  -  1,008 words
    • Article
      Lock icon Cameron to act swiftly on key election promises
      647 2  -  By Neil Behrmann btworld@sph.com.sg London UK PREMIER David Cameron aims to swiftly implement key promises in his election manifesto in the first 100 days of the new Conservative government. The most significant moves will be to despatch George Osborne, Chancellor of the
      647 words
    • Article
      Lock icon China still has most impact on Singapore firms’ sales: survey
      407 4  -  It’s followed by Indonesia and US, while Malaysia drops out of top three rankings By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore RISING concern about a growth slowdown in China is shared by many companies in Singapore China was voted the
      407 words
    • Article, Illustration
      Lock icon S’pore startup scene not frothy: ACE chairman
      760 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE recent whirl of startup happenings new investments, Smart Nation developments and accelerator launches has put the spotlight on starting up in Singapore and on concerns that the country may be in some sort of an entrepreneurship
      PHOTO: YEN MENG JIIN  -  760 words
    • Article, Illustration
      Lock icon For 1MDB, it cannot be business as usual
      650 4  -  COMMENTARY By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THE high-profile probe into 1 Malaysia Development Bhd (1MDB) may appear frustratingly slow with nary an update on its progress, but the state-backed firm’s plan to divest land parcels in the Tun Razak Exchange (TRX) financial
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      255 4 [nterariseAlT2015 2-5 JUNE 2015 *|p|y BASEMENT 2, LEVEL 1 3 MARINA BAY SANDS, SINGAPORE THE BUSINESS WORLD CONNECTED www. www.goto-enterpriselT.com Over 1,200 international exhibitors will be showcasing their latest innovative solutions at Asia's leading sourcing platform for IT professionals. Witness innovative technologies business solutions Technologies such as Big Data Business
      255 words
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      Lock icon Page 4 Advertisements Column 2
      263 4 Labuan International Business and Financial Centre, Malaysia «i Labuan FOR LAWYERS INVITATION Thursday, 14 May 2015 9.00am-12.00pm Pan Pacific Singapore 7, Raffles Blvd, Marina Square, Singapore *****5 The Labuan for Lawyers Training Development Programme offers technical and legal training to client-facing intermediaries that serve international business and financial centres. It
      263 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Directors’ buying down; buyback activity rebounds
      1722 5  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying among directors fell, based on filings on the Singapore Exchange from May 4 to 8, with eight companies that recorded 16 purchases worth S$ 700,000. The figures were
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    • Article, Illustration
      Lock icon American Express: Evolving through the ages
      1005 7  -  One of the world’s most recognisable brands began as a delivery business in 1850. BY KELLY TTTOPLINE 1850.BY KELLY TAY kellytay@sph.com.sg @KellyTayBT SAY the words American Express, and credit cards immediately come to mind. But set the clock back by 165 years, and a
      PHOTO: YEN MENG JIIN  -  1,005 words
    • Article
      Lock icon Governance: form or substance?
      859 7  -  It’s not one or the other. Both should be reflected in good corporate governance holistic and integrated. BY NEO SING BY NEO SING HWEE T The writer is a member of the Corporate Governance Guides Committee of the Singapore Institute of Directors T For more articles,
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    • Article
      Lock icon Sell in May and go away? Not when Goldilocks is around
      863 7  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg GOLDILOCKS is back in town and she’s throwing a party. The only question is whether the US consumer is going to show up. On Friday, US stocks staged one of their biggest
      863 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index May 8,2015 3,452.01 -35.38 (-1.01%) Current streak 1 day Week high 3,482.70 Week low 3,432.78 52-week high 3,525.19 (Apr 17, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist index May 8,2015 719.55 -14.52 (-1.98%) Current streak 1 day Week high 729.90 Week
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    • Article, Illustration
      Lock icon UK polls, tepid US jobs data may boost STI in short term
      682 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT LAST week’s column discussed the difficulty some major indices were having in trying to breach certain key marks such as 3,500 for the Straits Times Index and 18,000 for the Dow Jones
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    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 -1 247/242 271 219 5.9 6220.8 CapitaLand 358 xd -11 379/356 379 293 13.1 2.5 *****.4 CapitaMall Trust 213 -6 220/209 228 188.5 5.1 7390.5 CityDev 1028 -39 1068/1025 1095 915
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index May 8,2015 827.31 -10.67 (-1.27%) Current streak 1 day Week high 836.59 Week low 823.59 52-week high 845.85 (Apr 17, 2015) 52-week low 766.44 (Oct 17, 2014)
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low Jardine C&C 4123 82.0 2.0 4770/3850 SPDR DJIA US$ ***** 65.2 0.3 *****/***** JSH USD 3472 38.6 0.8 3810/3233 Haw Par Corp 930 36.0 4.0 953/842 Riverstone 133.5 17.5 15.1 140.5/84 BY PERCENTAGE CLOSE UP 52w high/low TEE Intl W*****6 3 200.0 2.0
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low Lyxor Idonesia US$ 8550 -710.2 -5.9 9636/8507 DBXT Nifty US$ ***** -549.2 -3.1 *****/***** DBXT MSKorea US$ 5958 -383.0 -4.6 6735/5484 SPDR S&P500 US$ ***** -274.0 -1.0 *****/***** GLD US$ ***** -243.4 -1.6 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBePW*****8 0.1 -94.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE Infinio 2,692.6 0.004 +0.002 +100.00 Elektromotive 17,385.9 0.004 +0.001 +33.33 ChinaKundaTech 563.0 0.040 +0.008 +25.00 Yongmao 98.0 0.160 +0.008 +5.26 Great Group 70.0 0.028 +0.008 +40.00 Qian Hu 152.2 0.072 -0.010 -12.20 Ouhua Energy 266.0 0.035 +0.007 +25.00 Colex 172.0 0.280 +0.030 +12.00 CosmoSteel 21,655.6
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    • Article
      Lock icon MOST ACTIVE
      32 8 VOLUME we w*****5 732,051,800 StratechGroup 342,092,600 MDR 286,880,400 Noble 248,716,100 IHC 243,766,800 Market volume 8,684,807,000 VALUE Singtel 325,773,417 DBS Grp 308,522,314 UOB 275,186,777 CapitaLand 253,259,977 Noble 214,017,197 Market value 5,346,011,000
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    • Article
      Lock icon SGX ETFs
      111 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap UETF SSE50China 290 -18 1244 310/288 318/140 290/292 90.6 STI ETF 348 -4 1147 352/346 355/319 348/350 IS MS India US$ US723 unch 663 747/709 1000/639 723/725 90.4 DBXT CSI300 US$ US1245 -66 278 1315/1213 1325/615
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    • Article
      Lock icon COMPANY MEETINGS
      127 8 COMPANY MEETING PLACE DATE TIME Avi-Tech E 19A Serangoon North Ave 5 6th Floor 12-May 12.00pm Advanced Hldgs E 30 Woodlands Loops Advanced HQ 13-May 3.00pm Junma Tyre Cord A MR 309 Level 3 E Suntec S'pore Conv Exh 13–May 10.00am 1 Raffles Boulevard 13-May 11.00am Linc Energy
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 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, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE Index May 8,2015 1,925.44 +12.43 (+0.65%) Current streak 1 day Week high 1,925.44 Week low 1,893.01 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 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 7 10 0 0 0 0 7 10 0 Manufacturing 48 99 22 11 22 6 59 121 28 Commerce 19 44 11 3 14 2 22 58 13 Tpt/Stor/Comms 10 30 2
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 79,878 79,878 340,022 340,022 Manufacturing 869,606 299,391 1,168,997 473,892 19,135 493,027 Commerce 623,705 340,349 964,054 566,609 13,018 579,627 Tpt/Stor/Comms 675,639 4,004 679,643 809,034 332 809,366 Finance 138,131 1,792 139,923 928,715 459 929,174 Construction 308,610 63,619
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    • Article
      Lock icon Oil scores new 2015 peaks on tumbling inventories in US
      798 8 COMMODITIES AFP London OIL faced a rollercoaster week, striking five-month peaks on news of an unexpected slump in US crude reserves, before sliding as oversupply worries resurfaced. “After a strong start to the week, with Brent seemingly heading for US$70
      AFP  -  798 words
    • Article
      Lock icon India shines brightest among slumping emerging markets
      380 9  -  CURRENCIES By Howie Lee T The writer is an investment analyst at Phillip Futures. THE turnaround in India’s fortunes since Narendra Modi assumed the role of Indian Prime Minister last year has been nothing short of spectacular. The country, according to new GDP
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.959 4.920 0.705 6.144 50.670 103.856 0.951 8.628 2.851 1.065 80.607 35.349 1.054 9.519 0.731 24.324 26.561 0.512 0.792 Canada 1.043 5.130
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 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, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 May 8 S$ Bid Offer 1-month 1.3306 1.3319 2-months 1.3311 1.3324 3-months 1.3317 1.3328 6-months 1.3336 1.3348 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 9 May 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.35 *****.09 *****.61 May15 *****.50 *****.00 *****.50 *****.50 *****8 *****4 Jun15 *****.00 *****.00 *****.50 *****.50 6613 9364 NIKKEI 225 INDEX FUTURES SPOT *****.63 *****.75 *****.71 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 9 Most active May 8 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd w*****5 0.3 *****1 1 0 3 DBS MB ECW*****1 12.7 -0.8 ***** 0.1 2180 5 Rowsley Ltd W*****3 3.3 -0.2 ***** 1 18
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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 8 Index Change Change Change Change Change Change World Preliminary 1354.0 1.4 6.1 1.2 5.4 1.4 5.0 EAFE Preliminary 1097.0 1.7 11.2 1.5 8.9 1.7 8.5 Europe Preliminary 1542.8 2.3 11.7
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 May 8 $S Offer Bid 0vernight 0.10 0.05 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.3125 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon SIBOR
        36 9 May 8 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 GOVERNMENT SECURITIES
        69 9 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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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        170 9 May-8 PtCS Not chaRj^ diAnjs? ustTratle Agricultural <:*n Sctydttiris ips conjslbifj VAIM 3HQ 03-1% Maye vMDKOii CSC>T iOVDcan |US (MlIBflb) 0V> \m '«S*JQ15 Cild' Wnftit (US OMWIHl) Hi M l/WJWJQM •'■ST)’ Mays HWWIK Ufra iMWe (UiStonoi .7'7/H 3*oa 23?*o 3MMI1S iS>CE wkwsAsa (usSaww j&Ai 'A lv^ ccf.e>. 'ooU(W'oa)
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      • Article
        Lock icon PALM OIL
        57 9 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 Otto Marine warns of net loss for Q1
      437 10  -  It blames lower vessel usage and reduced charter rates amid a challenging oil and gas market By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore OFFSHORE marine group Otto Marine on Sunday issued a profit guidance saying that it expects to report a net loss
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2795 10 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl by 0.130 07-May 11-May 25-May 13-Apr 8Telecom Intl bn 0.130 07-May 11-May 25-May 13-Apr ABR Hldgs ak 1.500 06-May 08-May 28-May 10-Apr Acendas India Trust ak 2.460 06-May 08-May 26-May 29-Apr Adv Integrated Mufg ak 0.230
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1465 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Accordia Golf Trt 1.00 1.00 1 0.04 20.75 1.07 0.80 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 12.74 1.69 1.49 Amtek Engineering 1.00 1.00 1
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    • Article, Illustration
      Lock icon Uber fundraising points to new US$50b valuation
      483 10 NYT San Francisco UBER is fundraising again. The mobile car-hailing application is in early talks to raise a new round of financing that could value the startup at US$50 billion, according to a person familiar with the discussions, who spoke anonymously because the
      NYT; PHOTO: REUTERS  -  483 words
    • Article
      Lock icon PRIME LENDING RATES
      267 10 May 8 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd ANZ Singapore ...5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque Internationale a Bank
      267 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      196 5 New Connections to Seletar Aerospace Park Sengkang West Opening on Saturday, 16 May 2015, Sam 9 SELETAR AEROSPACE PARK SELETAR CAMP PICCADILLY CIRCUS Exit 12 To Sengkang West Road Seletar Aerospace Way Jalan Kayu TO SELETAR LINK TPE (P1E-CHANGI) TPE (SLE) Z <0^ 7 <bY Seletar Aerospace y O Exit
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      28 7 AccountStaff® A Stone Forest Company Globally Connected RSM International SWAT Accounting N 1 z Meet urgent audit deadlines Deal with sudden staff departures System change and data migration
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      165 9 Trade NDFs Online with Phillip Futures An Asian Financial House with a Global Reach -i.t k^i 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 PhillipCapital Your Partner In Finance This advertisement is for general information only and does not constitute a recommendation, offer or
      165 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Investment firms move in on ‘fix and flip’
      1129 11 The likes of Colony, Blackstone offering bridge loans to investors who buy, renovate and sell quickly BLOOMBERG Washington REAL estate buyers seeking money to renovate and flip US houses are getting help from some of the world’s biggest investment firms. Colony Capital
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,129 words
    • Article
      Lock icon TPG Capital close to Cushman-DTZ deal
      364 11 BLOOMBERG New York DAVID Bonderman’s TPG Capital is close to a deal to buy commercial property brokerage Cushman Wakefield Inc for about US$2 billion and combine it with DTZ Group, creating one of the world’s biggest real estate services firms. TPG is in advanced
      BLOOMBERG  -  364 words
    • Article, Illustration
      Lock icon Carlos Slim seeks US$80m for his New York house
      354 11 WP New York MEXICAN billionaire Carlos Slim put his Manhattan townhouse on the market for US$80 million, almost double what he paid for the Fifth Avenue property in 2010. The 20,000 square foot Duke Semans Mansion, at 1009 Fifth Ave, was
      WP  -  354 words
    • Article
      Lock icon China’s Greenland to expand in Canada
      348 11 It targets medium-sized projects like its Toronto hotel-condo project REUTERS Toronto CHINA’S state-backed property developer Greenland Group said on Friday it was looking to expand further into Canada after breaking ground on a highrise hotel-condo-minium in downtown Toronto. Greenland said last year that it
      REUTERS  -  348 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      1258 11 The Business Times NOTICES RHB BANK BERHAD (Co. No 6171-M) (Incorporated in Malaysia) BOARD OF DIRECTORS The Directors of RHB Bank Berhad as at 30 April 2015 are: Tan Sri Azlan Zainol (Chairman) Dato’ Mohamed Khadar Merican Haji Khairuddin Ahmad Tan Sri Ong Leong Huat Wong Joo Hwa Ong Seng
      1,258 words
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  • TECHNOLOGY
    • Article
      Lock icon Is Asia ready for the Internet of Things?
      988 12 / 13  -  Here’s a checklist of issues that businesses will need to bear in mind when formulating and implementing IoT initiatives YOU SAY BY BERNARD GEOGHEGAN TThe author is managing director, EMEA and APAC, for Digital Realty TRENDS come and go in the technology
      988 words
    • Article
      Lock icon IBM’s Watson supercomputer headed for omniscience?
      574 12 / 13 AFP New York WATSON already has won a major TV game show, is looking for a cure for cancer and has ambitious gastronomy ambitions including devising a recipe for chocolate-beef burritos. The IBM supercomputer is becoming a jack of all trades for the US
      AFP  -  574 words
    • Article, Illustration
      Lock icon Alibaba boosts its stake in online retailer Zulily to 9.3%
      568 12 / 13 BLOOMBERG New York ALIBABA Group Holding, China’s biggest e-commerce company that held its initial public offering last year, bought US$ 56.2 million of stock in US online retailer Zulily Inc last week, according to a regulatory filing. The purchases brought
      BLOOMBERG; PHOTO: BLOOMBERG  -  568 words
    • Article
      Lock icon New headgears to bring virtual reality to your home screens
      409 12 / 13 More software apps also in the works as Oculus plans to launch consumer version of Rift headset in early 2016 London IT sounded so promising. Anyone, anywhere would be able to strap on a headset in their living room and
      409 words
    • Article
      Lock icon Wearable gadgets give rise to extreme tracking
      637 12 / 13 WP San Diego FROM the instant he wakes up each morning, through his workday and into the night, the essence of Larry Smarr is captured by a series of numbers: a resting heart rate of 40 beats per minute, a blood pressure of
      WP  -  637 words
    • Article
      Lock icon App helps sell the last seats at sold-out events
      277 12 / 13 AFP San Francisco DURING more than a decade as a ticketing agent, Jean-Sebastien Gosuin over and again saw empty seats at sold-out events from Fifa soccer matches to the Olympics. This inspired him to team up with two other Belgian entrepreneurs
      AFP  -  277 words
    • Article
      Lock icon Revenue soars, losses rise as Spotify expands
      483 12 / 13 NYT New York AS streaming music has spread around the world, Spotify’s financial picture has remained much the same year after year: rapid revenue growth, with steady losses. That pattern continued in 2014, as Spotify reported US$1.3 billion in revenue, up 45 per
      NYT  -  483 words
  • Page 12 / 13 Advertisements
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      Lock icon Page 12 / 13 Advertisements Column 1
      1446 12 / 13 while consumer IoT generates most hype, industrial applicawill offer the greatest initial opportunity and generate the most reveMost people are familiar with IoT solutions for consumers. These range smart self-adjusting thermoto IP-connected appliances, lights that turn on when your signals to your home that you are certain distance away. Then
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      Lock icon Page 12 / 13 Advertisements Column 2
      27 12 / 13 Introducing the world’s newest aircraft, A3S0 XWB. Now flying from Singapore. Please visit qatarairways.com/sg to book your tickets now. loneworldl QATAR® -AIRWAYSi.jtiJI ahead of the curve wb)
      27 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon STAYING AHEAD OF THE FUTURE
      5603 14 THIS WEEK’S TOPIC What are the key skills of the future in your industry or in the economy at large? victor Mills Chief Executive Singapore international Chamber of Commerce SKILLSFUTURE is a great initiative and the Singapore International Chamber of Commerce (SICC) wishes it every
      PHOTO: THE STRAITS TIMES FILE  -  5,603 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
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      Lock icon Is a bubble in China stocks being inflated?
      2667 16 The liquidity-driven A-and H-share rally may have some room to run but one cannot buy H-shares simply because there is a discount, says the Schroders Asian equities team THE sharp rally in Chinese share prices is not justified by the underlying fundamentals
      PHOTO: REUTERS  -  2,667 words
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      105 16 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • BANKING & FINANCE
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      Lock icon US markets pay little heed to Yellen’s warning
      690 17 wall Street is back near record highs and bond yields even lower than before she spoke AFP Washington JANET Yellen could be losing patience. And that could mean a lot for global markets. When the chair of the US Federal Reserve said
      AFP; PHOTO: BLOOMBERG  -  690 words
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      Lock icon Citi named best Asia-Pacific transaction bank
      253 17  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CITI has been named the best transaction bank in the Asia-Pacific by The Asset magazine’s Triple A Treasury, Trade and Risk Management Awards for 2015. Citi Singapore also won four country awards, including best transaction bank, best liquidity
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      Lock icon Play your credit cards right for extra cash back
      716 17 NYT New York FOR years, the holy grail for many seekers of credit card rewards has been a guaranteed 2 per cent back on every dollar they spend. The problem for startups and for financial services companies both large and small
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      401 17 NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION For the period from 1 October 2014 to 31 March 2015 a-hlrush ascendas hospitality trust A stapled group comprising: ASCENDAS HOSPITALITY REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 13 March 2012 under the laws of the Republic
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      4 17 Tasting The Future MAY2015S$10.00~
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  • ENERGY & COMMODITIES
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      37 18 -.91.3 DJ GUESSING GAME GUESS WHO'LL BE JOINING ANDRE HOEDEN ON ONE FM’S #1 BREAKFAST SHOW IN JULY! GET IT RIGHT ONE FWTS #1 BREAKFAST SHOW COULD BE CALLING YOU WITH CASH! 13 facebook.com/onefmsg 0 @onefmsg www.onofm.sg
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      274 18 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
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      52 18 Blogs Miss Ann Thrope Metadata Write on the Money R Sivanithy shares his observations on the Singapore stock market at Write on the Money, Kenneth Lim discusses the news from a data-driven perspective at Metadata, while Joyce Hooi mercilessly points out the absurdities of life at Miss Ann Thrope. businesstimes.com.sg/blogs
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      218 18 Wholesale Investor and ShareInvestor are proud to host the Singapore Capital Expo and Small Cap Showcase 2015. With our partners Bloomberg, SGX, PwC, DLA Piper, NZTE and AusBiotech, we will bring together up to 500 high net worth, professional and international investors, executives, brokers, fund managers, media and industry participants
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  • CONSUMER
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      Lock icon US expected to approve Brazil fresh beef imports
      393 19 Sao Paulo REUTERS BRAZIL’S Agriculture Ministry said on Friday that the United States is likely to approve imports of Brazilian fresh beef this year, after President Dilma Rousseff visits Washington in June. Brazil, the world’s top beef exporter, is already a steady
      REUTERS  -  393 words
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      Lock icon California drought hits Starbucks water source
      380 19 REUTERS Los Angeles STARBUCKS Corp said it would stop sourcing water for its Ethos Water brand in California, which is in the fourth year of a serious drought that has prompted the state’s first-ever mandatory cuts in water use. Beginning in May and over
      REUTERS; PHOTO: REUTERS  -  380 words
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      Lock icon McDonald’s April sales beat analysts’ forecasts as US declines slow
      594 19 This will give CEO Steve Easterbrook some momentum to work with as he implements a plan to boost sales and profitability BLOOMBERG New York MCDONALD’S Corp has reported April sales that topped analysts’ projections after declines in the US slowed,
      BLOOMBERG; PHOTO: AFP  -  594 words
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      2307 19 The Business Times Ik ~T I 1 I f 1 I 1 C Toll free 1800-289-8822 I I M Email notices@sph.com.sg V i L J www.sphclass.com.sg/notices THE KOREA DEVELOPMENT BANK Head Office: 14 Eunhaeng-ro, Yeongdeungpo-gu, Seoul, Korea Tel: 822-787-5000 (General) Fax: 822-787-6495 (International Banking Department) SWIFT: KODBKRSE Website: http://www.kdb.co.kr Singapore
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  • GOVERNMENT & ECONOMY
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      Lock icon Swiss business doing well months after franc shock
      743 20 Adjusting prices, new markets and strong US dollar help weather currency’s rise REUTERS St Gallen, Switzerland WHEN the Swiss central bank abandoned its cap on the franc in January, corporate Switzerland warned of an economic “tsunami” that would hit exports, hammer jobs
      REUTERS  -  743 words
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      Lock icon Greece and creditors ‘very close’ to a deal, says minister
      355 20 AFP Athens GREECE and its international creditors were “very close” to a loan deal for the cash-strapped country, a Greek junior minister said Sunday, a day ahead of a key meeting in Brussels. “After weeks of painful negotiation, if the
      AFP  -  355 words
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      Lock icon Eurozone set to report solid growth for a change
      647 20 REUTERS London WITH optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the eurozone is finally shaking off half a decade of torpor.
      REUTERS  -  647 words
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      Lock icon Islamic finance could help close infrastructure funding gap, says ADB
      731 21  -  With shrinking oil revenues, oil producers could look at new financing methods for large asset-based projects By Anthony Rowley btworld@sph.com.sg Tokyo AS THE Asian Development Bank (ADB) and the China-led Asian Infrastructure Investment Bank (AIIB) gear up to face the
      731 words
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      Lock icon Thousands evacuated as typhoon hits north Philippines
      641 21 AFP Manila TYPHOON Noul slammed into the northern tip of the Philippines on Sunday, triggering warnings of possible flash floods, landslides and storm surges and prompting almost 3,000 people to flee their homes. The storm hit Cagayan province late on Sunday afternoon and
      AFP; PHOTO: AFP  -  641 words
    • Article
      Lock icon US agency asked Germany to spy on Siemens: report
      399 21 AFP Berlin THE US intelligence agency NSA asked its German partner service BND to spy on the European country’s engineering and technology giant Siemens, a German newspaper reported on Sunday. In the latest report on a widening spying scandal, the newspaper
      AFP  -  399 words
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      Lock icon Budget focus will be on jobs, growth and opportunity, says Aussie PM
      742 22 After last year’s bitter experience, Tuesday’s budget will avoid controversies, say analysts AFP Sydney AUSTRALIAN Prime Minister Tony Abbott is promising a “measured, responsible and fair” national budget on Tuesday, flagging support for families and small businesses after
      AFP  -  742 words
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      Lock icon Trouble ahead for Widodo as Indonesian economy skids
      734 22 REUTERS Jakarta WHEN Indonesian President Joko Widodo summoned his economy ministers to the palace this week to discuss growth slumping to its lowest level since 2009, they weren’t the only ones to show up. Dozens of senior figures from Mr Widodo’s political
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      Lock icon China says trade levels will improve in H2
      229 22 REUTERS Beijing CHINA’S trade position is expected to improve in the second half of the year, the country’s Commerce Ministry said, playing down concern sparked by recent dismal trade figures. China’s exports unexpectedly fell 6.4 per cent in April from a year
      REUTERS  -  229 words
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      227 20 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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      1660 21 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com, sg www.sphclass.com.sg/notices ACHIEVA LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****7251M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting of Achieva Limited (the “Company”) will be held at Constellation 1, ONE°15 Marina
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      110 22 printpack+sign Singapore’s printing, packaging signage business exhibition See advanced printing technologies and products! r Pi ,m. ¥iuii 29 31 JULY 2015 Marina Bay Sands, Singapore Sands Expo Convention Centre Level 1, Hall B Free* admission Register now! www.PrintPackSign.com/reg/2 Interested to exhibit? Tel: (65) 6848 5939 Email; PrintPackSign@bizlink.com.sg Organised By; BIZLINK
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      15 22 o \t. x* ICC IL 0 ♦j I <!■* mu. !1* Buzz Talk SttiSc-: More @news.omy.sg
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      63 22 Hospitality Investment Conference Indian Ocean Maldives Mauritius Seychelles Sri Lanka 25-26 May 2015 Galle Face Hotel, Colombo A New Era Group bookings available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. •Terms and conditions apply To register, visit www.hicio.sphereconferences.com or contact Habibah
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      226 22 Yeo Sang Ping Remisier Lim Tan Securities Pte Ltd In this seminar, you will learn the selection of the right indicator(s) and overlay(s) to time your trades in the different market conditions. In addition, you will also learn how the Advanced order types can be used for trading stop-loss and
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  • TRANSPORT
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      Lock icon Pilot strike may hit TAP Portugal’s privatisation
      888 23 Only alternative for loss-making airline is restructuring and job losses, warns govt AFP Lisbon A 10-DAY strike by pilots at TAP Portugal, a plunge into losses and sky-high debt have steered the airline, and the government’s plans to sell it to private investors,
      AFP; PHOTO: AFP  -  888 words
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      Lock icon Europe air forces ground A400M after crash
      646 23 BLOOMBERG Munich AIR forces across Europe suspended flights of the Airbus A400M after one of the military transport aircraft crashed near Seville, Spain, killing four people. Britain’s Royal Air Force and Germany’s Luftwaffe both said they’d pause operations of the plane until the
      BLOOMBERG; PHOTO: AFP / BOMBEROS DEL AYUNTAMIENTO DE SEVILLA  -  646 words
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      Lock icon SHIPPING TIMES
      1921 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC MUA KK JKT ADMIRE CORAL 78 60 14/5 15/5 18/5 DREAM JASMINE 13 100 19/5 20/5 19/5 MALAYSIA STAR
      1,921 words
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      93 23 •*JL* Jl Uj ll i T I V I t r 1 4 > rA 3 v i :_4 L tM ft(BLimCrjQR.THE ARTS OPENS DOORS FOR ME.l JT ALLOWS ME TO BE CURIOUS AND ENABLES ME TQ SHARE MViPASSIONi WITH PEOPLE. LIFE ITSELF IS AN ARTFORM.* i I CELEBRATE IT
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      106 24 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 1HE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s|£iJhiaritime.coM Ahoy there! If you are in a business pertaining to any sector of
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  • DINING OUT
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      Lock icon Fuss-free food for modern cave dwellers
      878 25  -  Fyr Cycene Ond Drinc combines ancient language with caveman schtick to highlight food in its simplest form, cooked over fire as the cavemen did, or in its case, a Josper charcoal oven.BY JAIME oven.BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Fyr Cycene Ond Drinc
      PHOTOS: JOHN HENG, JAIME EE  -  878 words
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      610 25 Formula For Workplace Success: Dress Right, Influence Positively, Reach Out Optimally Who should attend: Managers, Directors, Business Owners, Sales Professionals and Executives. FULL-DAY WORKSHOPS Brain-Influencing Secrets To Trigger 'Yes' Responses In People In the past 10 years, scientific discoveries have uncovered new communication keys one can use to appeal to
      610 words
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  • LIFE & CULTURE
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      Lock icon Thrills galore at MMA fight night on May 22
      518 26  -  Chance for Thailand’s Amnuaysirichoke to become first-ever Muay Thai world champion to win an MMA world title if he beats Filipino Doliguez By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore HE may have a name that many people find hard to pronounce, but
      PHOTO: JONATHAN CHOO/ THE NEW PAPER  -  518 words
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      Lock icon Rosberg cruises to Spanish Grand Prix win
      762 26 REUTERS AFP Barcelona NICO Rosberg beat Mercedes teammate Lewis Hamilton for the first time this season and cut the Formula One world champion’s lead to 20 points with a commanding victory in the Spanish Grand Prix on Sunday. Hamilton, who had won three
      REUTERS; AFP; PHOTO: AFP  -  762 words
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      Lock icon Rio faces mounting Olympics bill as delays pile up
      1082 26 REUTERS Rio de Janeiro WITH less than 500 days until Rio de Janeiro hosts the Olympic Games, construction of several venues has not started and some major contracts have not even been tendered, setting the stage for a last-minute rush that
      REUTERS; PHOTO: REUTERS  -  1,082 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      379 26 CRYPTIC CROSSWORD Across 1 Illumination needed, peacekeepers being involved in insult (8) 5 2 Down A male in charge with less feeling could be 79, thinking of gold! (6,6) 9 Start trading, but with number not right (8) 10 Quiet prayer exuding love in place with chaplain? (6) 12 Deal
      379 words