The Business Times, 14 May 2015

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Microfilm: NL33485
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    34 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 s|:}1 A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg I} D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 051/08/2014 Thursday, May 14,2015
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Wednesday Change STI 3,453.17 +10.84 KL COMP 1,803.02 +4.41 NIKKEI 225 19,764.72 +139.88 HANG SENG 27,249.28 -157.90 SHENZHEN B 1,499.26 +9.15 DOW (11.45am EDT) 18,077.41 +9.18
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  • Article
    Lock icon DAILY DIGEST
    257 1 Surbana International Consultants bags a masterplan job for Kinshasa, the capital and largest city of the Democratic Republic of Congo. TOP STORIES 2 While returns are declining, the insurance industry has become significantly more stable in the years since the global financial crisis, says a high-powered insurance think
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  • Article, Illustration
    Lock icon Retail shakeout in Tiong Bahru
    1137 1  -  URA cracks down on those that use residential ground floor units for commercial purpose following complaints from the neighbourhood’s residents By Debbie Yong debyong@sph.com.sg Singapore THEY came, they injected fresh buzz to a sleepy neighbourhood and now, they’re being given the boot. After years of
    PHOTO: SHAWN TEO  -  1,137 words
  • Article
    Lock icon IMF: S’pore restructuring raises wages but curbs growth
    771 1  -  It sees rebound in domestic demand but global financial volatility, China’s growth slowdown remain key risks By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT THE restructuring of Singapore’s economy has led to a permanent rise in real wages but continues to curb its growth,
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      57 1 8 "*****1 *****4 SPECIAL REPORT Landslide victory paves way for reforms COUNTRY FOCUS: KAZAKHSTAN 18-19 Jaeger-leCoultre Boutique 2 Orchard Turn, ION Orchard, #02-08, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2-240, Singapore Rendez-Vous Night Day watch Carmen Chaplin, Actor and Director 12 W o 05 i > 6
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      24 1 ADB AND AIIB Amity hints at change in architecture of financing OPINION 31 RESIDENTIAL LEASE Condo rents flat, HDB rents slip REAL ESTATE 13
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      11 1 SKILLS AND JOBS Building the necessary blocks for employability OPINION 31
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  • TOP STORIES
    • Article, Illustration
      Lock icon Surbana wins another African masterplanning contract
      559 2  -  US$10-15m deal to prepare master plan for Democratic Republic of Congo is its ninth project in Africa By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SURBANA International Consultants has secured the contract to masterplan for Kinshasa, the capital and largest city of the Democratic Republic of
      559 words
    • Article
      Lock icon More stimulus seen as China economy loses steam in April
      794 2 Investment growth lowest in 15 years; money supply growth slowest on record REUTERS Beijing CHINA’S money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the
      REUTERS  -  794 words
    • Article
      Lock icon Bond rout leaves bears on wrong side of central banks
      543 2 BLOOMBERG New York THE biggest global bond rout in two years has put investors in a dangerous place: challenging the world’s most influential central banks. The truism “don’t fight” the Federal Reserve has morphed into hedge fund manager David Tepper’s
      BLOOMBERG  -  543 words
    • Article
      Lock icon Choppy waters for insurance sector but risks now better managed
      415 4  -  Think tank official also sees industry consolidation, given slower global growth and low interest rates By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WHILE returns are declining, the insurance industry has become significantly more stable in the years since the global financial
      415 words
    • Article, Illustration
      Lock icon Two startups aim to take SMEs to next level
      612 4  -  Page Advisor offers access to home services; Alpha7 helps foreign SMEs set up in region By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore STARTUP activity continues apace as two homegrown ventures announced developments that would help Singa-pore-based SMEs market their services and boost
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    • Article
      Lock icon Uncertainty over Brexit issue unsettling Asia investors
      783 4 If voters opt in referendum to leave EU, Britain would lose major drawcard Tokyo UNCERTAINTY over Britain’s future in Europe is unsettling Asian investors, analysts say, warning if voters opt in a referendum to leave the EU, the United Kingdom would lose a
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    • Article, Illustration
      Lock icon EU growth surprises hide clear pattern
      389 6  -  By Edward Hadas &SH REUTERS BREAKINGVIEWS THE nations of Europe are often more confusing than Europe as a whole. And three months is a short time for an economy. Those are two lessons from the preliminary first-quarter GDP releases coming out of the Old
      &SH REUTERS BREAKINGVIEWS; PHOTO: BLOOMBERG  -  389 words
    • Article
      Lock icon Concur moves Asia-Pac HQ to Singapore
      690 6  -  It says it sees large growth opportunities here, and in the rest of South-east Asia By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TRAVEL management company Concur has moved its Asia-Pacific headquarters from Australia to Singapore to better serve the region, where it sees large growth
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      55 2 Save up to 50% Now on! Sale ends 7 June 2015 spacefurniture.asia Space Furniture Open 10.30am to 8.00pm daily 77 Bencoolen Street, Singapore *****3 +65 6415 0000 Conditionsapply. Check in-store for details Earn > spent on your American Express Cards at Space Ft Express Platinum® Reserve Credit Card and Platir
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      268 4 jL v "j0-' 1 V ji vVV 1 ■I. < s IMDEX ASIA Sana 19-si May JOIN THE HEAVYWEIGHTS OF MARITIME DEFENCE AT IMDEX ASIA 2015 r.. r a COMPLIMENTARY ADMISSION (Industry Trade Professionals only) 19-21 May Changi Exhibition Centre wm# KSjf»*V; S8BPJL sia Pacific? Flagsmp Maritime Defence Show p£
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      19 4 Future of 2 unions hangs in the balance, Page 30 Election result discredits pollsters’ view on Brexit, Page 30
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      336 6 Sharp dip in oil prices boosts euro region’s Q1 growth, Page 27 x DBS presents thesundaytimes INVE$T SEMINAR2015 THE GRAND BALLROOM, THE RITZ CARLTON, MILLENIA SINGAPORE SATURDAY, 30 MAY 2015,9.30AM TO 2PM It's never too early to think of retirement. And it's never too late to start investing. Want to
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      15 6 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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  • COMPANIES & MARKETS
    • Article
      Lock icon Ezion net falls 9% to US$41m in Q1
      430 7  -  But shares up, probably on analysts’ view that group’s outlook is still brighter than that of peers By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SERVICE rig owner Ezion still appears to have a brighter outlook than its peers in the downbeat offshore support
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    • Article
      Lock icon FSL Trust posts US$5m Q1 profit
      384 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SOLID demand for tankers has helped containership and tanker owner First Ship Lease (FSL) Trust chug its way out of a sea of red ink partly brought about by some shippers’ lease defaults during an industry downturn over
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    • Article
      Lock icon CDL looks to more fund management deals this year
      938 8  -  Group’s Q1 net profit up 2.8% at S$123m; revenue rises 11% to S$815m By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FOLLOWING the S$ 1.5 billion monetisation of the cash flow from its Quayside Collection assets on Sentosa Cove last December, City Developments
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    • Article
      Lock icon Forex losses, interest costs in Q1 drag Vard into the red
      553 8  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SHIPBUILDER Vard Holdings’ bottom line took a hit from foreign exchange losses and higher interest expenses, resulting in a first-quarter net loss attributable to equity-holders of 92 million Norwegian kroner (S$16.4 million),
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    • Article, Illustration
      Lock icon STI up despite weak China data, US sell-down
      674 10  -  Singtel and Jardine firms higher; oil and gas companies show muted reaction to higher oil prices STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT MINOR gains from Singtel and the Jardine group on Wednesday gave a small boost to the local market, which managed
      Source: Bloomberg  -  674 words
    • Article
      Lock icon STI STOCKS
      306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 unch 244/241 271 219 6 6119.6 CapitaLand 354 +3 356/350 379 293 13 2.5 *****.5 CapitaMall Trust 212 -1 214/212 228 188.5 5.1 7355.8 CityDev 1019 +9 1019/1005 1095 915 12.2
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME WE w*****5 98,190,200 WE 67,944,100 Golden Agri-Res 47,536,000 IHC 43,098,100 SIIC Environment 41,895,100 Market volume 1,535,972,000 VALUE Singtel 82,382,814 Wilmar Intl 43,511,675 Global Logistic 43,244,484 SGX 42,237,386 DBS Grp 41,118,134 Market value 1,008,145,000
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    • Article
      Lock icon SGX ETFs Most Active
      111 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US726 +4 430 731/716 1000/675 726/729 90.8 Nikko AM STI ETF 355 +3 317 356/352 422/324 354/355 8.6 UETF SSE50China 305 -3 55 306/305 318/140 304/305 95.3 DBXT MS SING US$ US135
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 May 13 VALUE CLOSE BT OB/OS -593.00 +102.00 BT CADI -*****.00 +21.00 BT 10-day MA -*****.00 -59.00 FTSE ST Mid Cap 783.88 -0.31 FTSE ST Small Cap 492.98 +1.68 FTSE ST All Share 827.61 +2.15 FTSE ST China Top 209.31 +1.31 FTSE ST China 245.92 +2.09 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index May 13,2015 827.61 +2.15 (+0.26%) Current streak 1 day Day high 829.01 Day low 826.16 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index May 12,2015 1,920.31 -3.32 (-0.17%) Current streak 2 days Day high 1,929.22 Day low 1,912.06 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 6 0 0 0 6 4 6 Manufacturing 52 41 43 10 5 12 62 46 55 Commerce 17 26 16 7 3 1 24 29 17 Tpt/Stor/Comms 13 18 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,011 18,011 54,113 54,113 Manufacturing 205,945 68,782 274,727 131,300 5,309 136,609 Commerce 91,221 100,136 191,357 76,085 1,920 78,005 Tpt/Stor/Comms 147,452 124 147,576 173,772 15 173,787 Finance 30,244 22 30,266 158,858 4 158,863 Construction 36,617 10,079
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    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low Prudential USD 2450 300.1 10.1 2450/2150 GLD US$ ***** 104.0 0.7 *****/***** JMH USD 6220 93.4 1.1 6788/5700 DBXT E50 US$ 5181 56.0 0.8 5630/4562 Lyxor Indonesia US$ 8587 49.4 0.4 9636/8507 BY PERCENTAGE CLOSE UP 52w high/low GlobalYelloww*****5 1 150.0 0.6 1/0.4
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    • Article
      Lock icon LOSERS
      75 10 BY CENTS CLOSE DOWN 52w high/low Great Easter 2472 -33.0 -1.3 2600/1960 Lyxor ChinaH US$ 1892 -30.7 -1.2 2041/1280 SIA Engineering 408 -17.0 -4.0 515/391 DBXT MSCHINA US$ 1658 -16.0 -0.7 1750/1186 DBXT MSAsExJp US$ 3870 -14.7 -0.3 4064/3048 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaGaoxian W*****8 0.1 -50.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Infinio 19,989.8 0.004 +0.002 +100.00 CEIContractMfg 1 0.072 0.375 +0.160 +74.42 WE 67,944.1 0.007 +0.002 +40.00 Ouhua Energy 975.3 0.041 +0.006 +17.14 Avi-Tech 4,931.0 0.106 +0.012 +12.77 Starburst 1,880.0 0.480 -0.085 -15.04 Prudential USD 0.2 24.500 +2.250 +10.11 Combine Will 20.0 0.600 +0.020 +3.45 MFG
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    • Article
      Lock icon BROKERS’ TAKE
      422 10  -  Compiled by Jamie Lee ST Engineering Hold May 13 close: S$3.60 Target price: S$3.33 OCBC Investment Research, May 13 Reported net profit slipped 5.3 per cent to S$130 million; we estimated that core earnings fell by a smaller 2.2 per cent to S$142.9 million. We deem these results
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    • Article
      Lock icon CALENDAR
      10 10 DATA I 9.30pm (May 14) US Initial Jobless Claims
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    • Article
      Lock icon Sterling retreats from 5-month high
      386 11 CURRENCIES London STERLING retreated from a five-month high on Wednesday after the governor of the Bank of England said that recent currency strength would affect monetary policy and the central bank lowered its growth forecasts for Britain in a quarterly report. The BOE expects growth
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    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 11 Most active May 13 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd w*****5 0.3 0.1 ***** 1 0 3 FTSEChinaA50 ***** MBePW*****0 12.2 1.4 3081 0.0 --2 KepCorp MB eCW*****1 8.4 0.4 2626 0.2 930 4
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        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr May 12 Index Change Change Change Change Change Change World Preliminary 1344.3 -0.4 5.4 -0.1 5.3 -0.2 4.5 EAFE Preliminary 1089.4 -0.7 10.4 -0.1 9.1 -0.2 8.2 Europe Preliminary 1521.9 -1.2 10.1
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        404 11 May 13 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.92 *****.92 *****.50 May15 *****.00 *****.50 *****.50 *****.00 *****8 *****7 Jun15 *****.00 *****.50 *****.00 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.76 *****.88 *****.70 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Sep15
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 May 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0656 1.0665 0.7990 0.7995 Canadian dollar 1.1111 1.1118 0.8335 0.8331 Euro 1.5001 1.5006 1.1248 1.1250 NZ dollar 0.9897 0.9906 0.7421 0.7426 Sterling pound 2.0924 2.0936 1.5689 1.5695
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 May 13 S$ Bid Offer 1-month 1.3342 1.3347 2-months 1.3348 1.3352 3-months 1.3353 1.3357 6-months 1.3372 1.3376 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 11 May 13 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 0.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 11 May 13 $S Offer Bid 0vernight 0.02 Par 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.01 US$ 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
        63 11 GOVERNMENT BONDS May 13 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.36 5-Year N*****0H 1.625 01-Oct-19 99.92 10-Year NY*****H 3.000 01-Sep-24 105.18 105.00 104.82 15-Year NY*****E 2.875 01-Jul-29 102.49 102.30 102.00 20-Year NZ*****V 3.375 01-Sep-33 107.5 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 11 May-12 Price Net change change Last Trade Agricultural May-12 CBOT Soybeans (US cents/bu) 967.00 -16.00 -1.63% 14/05/2015 CBOT Soybean Oil (US cents/lb) 32.81 -0.23 -0.70% 14/05/2015 CBOT Wheat (US cents/bu) 479.25 3.00 0.63% 14/05/2014 May-12 LIFFE Cocoa (£/tonne) 2040.00 22.00 1.09% 13/05/2015 LIFFE Coffee (US$/tonne) 1688.00 -13.00 -0.76%
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      • Article
        Lock icon PALM OIL
        57 11 May 13 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 15 2220.0 2190.0 2220.0 2220.0 1 437 Jun 15 2226.0 2201.0 2236.0 2196.0 1675 ***** Jul 15 2216.0 2198.0 2233.0 2193.0 ***** ***** Aug 15 2216.0 2200.0
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    • Article
      Lock icon Q3 pre-GST boost in Malaysia for Parkson
      394 12  -  Group profit up 5.5% at S$7.98m; post-GST decline expected to be buffered by pre-Hari Raya buying By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore LIFTED by a stronger performance from its Malaysia operations, department store operator Parkson Retail Asia reported a 5.5 per cent year-on-year
      394 words
    • Article
      Lock icon ST Engineering’s Q1 earnings dip 5.3%
      478 12  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ST ENGINEERING reported a 5.3 per cent year-on-year slide in net profit to S$129.97 million for the first quarter ended March 31, 2015, impacted by headwinds in its US shipbuilding operations. Revenue for the quarter dipped 2.6 per
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    • Article
      Lock icon Oxley’s Q3 earnings soar to S$11.9m; revenue up 48% at S$152m
      306 12  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore OXLEY Holdings reported a net profit attributable to shareholders of S$ 11.9 million for the third quarter ended March 2015, up from S$1.02 million a year ago. Higher revenue and a doubling in
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    • Article
      Lock icon Yanlord’s Q1 bottom line hit by triple whammy
      436 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore YANLORD Land on Wednesday reported a 94 per cent drop in net profit to 15.46 million Chinese yuan (S$3.4 million) for its first quarter ended March 31, 2015, from 266 million yuan a year ago. The
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    • Article, Illustration
      Lock icon BreadTalk’s Q1 net profit rises 11%
      281 12  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore BREADTALK Group posted an 11 per cent increase in net profit to S$2.0 million for the first quarter ended March, from S$ 1.8 million a year ago. Revenue rose 8.6 per cent to S$ 152.45 million from S$
      FILE PHOTO  -  281 words
    • CORPORATE DIGEST
      • Article
        Lock icon Boardroom
        63 12 BOARDROOM’s net profit almost doubled to S$1.60 million in the first quarter ended March 2015, from S$757,000 a year ago. Revenue came in higher by 14 per cent to S$16.1 million led by growth from the corporate secretarial, accounting payroll and share registry business. Earnings per share (EPS) stood
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      • Article
        Lock icon Fu Yu Corp
        73 12 FU YU Corp earned a net profit of S$4 million in the first quarter ended March from a loss of S$1.4 million a year ago. Revenue slipped 2.3 per cent to S$58 million from S$59 million due to a reduction of orders from the contract manufacturing business
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      • Article
        Lock icon OKP Holdings
        64 12 INFRASTRUCTURE and civil engineering firm OKP Holdings has been awarded a S$19.7 million job by the Land Transport Authority for the improvement of road-related facilities, road structures and road safety schemes in Singapore’s east sector. This would mark the firm’s second contract from LTA this year. The two-year
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      • Article
        Lock icon Raffles Medical Group
        56 12 RAFFLES Medical Group (RMG) and Shanghai LuJiaZui Group have tied up to develop a 400-bed general hospital in Shanghai’s Pudong New Area. The Shanghai New Bund International Hospital will provide healthcare services to local, expatriate and foreign patients. The hospital will tap RMG’s expertise and systems to
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      • Article
        Lock icon GK Goh Holdings
        87 12 GK GOH Holdings' first-quarter net profit doubled to S$3.9 million, or 1.22 Singapore cents per share, on the back of being able to account for corporate services firm Boardroom as a subsidiary in the latest period, the investment holding company said. GK Goh Financial Services also managed
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    • Article
      Lock icon ComfortDelGro’s Q1 profit rises 6.8%
      401 12  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore LAND transport stalwart ComfortDelGro Corp posted a 6.8 per cent increase in net profit to S$67.6 million for the first quarter ended March from S$63.3 million a year ago. Revenue inched up 1.3 per cent to S$963.5 million from
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    • Article
      Lock icon Local banks’ brokerage fees gain 6.4% in Q1
      354 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore COMMISSIONS at the three major local banks’ broking units rose 6.4 per cent during the first quarter, with only UOB-Kay Hian Holdings showing a slight decline. Total brokerage fees reported by DBS Group Holdings, OCBC Bank
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      1533 9 FIXED RETURNS FROM THE BONDS GUARANTEED BY FRASERS CENTREPOINT LIMITED 7-YEAR BONDS 3.65%P.A. Central Park Sydney, Australia Mixed-Use Development PUBLIC OFFER OPENSNOW! From 13 May 2015, 9.00 a.m. To 20 May 2015, 12 noon FRASERS CENTREPOINT LIMITED l Frasers Centrepoint Limited (“FCL” or the “Guarantor”) is headquartered in Singapore and
      1,533 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Westwood Residences rides into EC market
      601 13  -  By Prisca Ang prisang@sph.com.sg Singapore HOME-BUYERS looking at executive condominiums (ECs) in Jurong will find a new prospect in Westwood Residences, a joint development by Koh Brothers and Heeton Homes that is selling for an indicative price of S$800 per square foot. The 480-unit
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    • Article
      Lock icon Condo rents flat in April; HDB rents dip
      489 13  -  Tenants in no hurry to accede to high rents asked for by landlords, says analyst By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PRIVATE residential rents remained flat in April compared to March, while HDB rents slipped 0.7 per cent, data from SRX Property
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    • Article
      Lock icon Indonesia’s Mulia Group buys land from 1MDB
      643 14  -  It agrees to pay RM665m for plot and development rights for TRX’s signature tower By Pauline Ng btworld@sph.com.sg Kuala Lumpur ANOTHER buyer for assets linked to Malaysia’s troubled strategic-devel-opment company 1MDB has emerged after at least two earlier prospects pulled out of the
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    • Article, Illustration
      Lock icon Realtor.com out to grab Zillow’s top spot
      702 14 BLOOMBERG Los Angeles CAN Rupert Murdoch take an online fix-er-upper and turn it into a digital real estate profit spinner? We’re about to find out. Mr Murdoch’s News Corp plunked down US$864 million in cash and assumed US$88 million in costs in November
      BLOOMBERG; PHOTO: BLOOMBERG  -  702 words
    • Article
      Lock icon Singha plans 100b baht property splurge to overcome booze curbs
      702 14 BLOOMBERG Bangkok THAILAND’S biggest beermaker plans to spend about 100 billion baht (S$4 billion) on hotels, shopping centres and property projects over five years as higher taxes and curbs on alcohol marketing erode earnings for the industry. Singha Estate Pcl,
      BLOOMBERG  -  702 words
    • Article
      Lock icon Cathay Life buys Walbrook Building in biggest London office deal this year
      348 14 BLOOMBERG London TAIWAN’S Cathay Life Insurance Co bought the Walbrook Building in the City of London financial district for £575 million (S$1.2 billion), the biggest single-property purchase in the UK capital this year. The building near the Bank
      BLOOMBERG  -  348 words
    • Article
      Lock icon Stricter loan rules for Auckland property
      643 17 investors must have deposit of at least 30 per cent: NZ central bank BLOOMBERG Wellington NEW Zealand’s central bank plans to tighten lending restrictions for residential property investors in Auckland to curb an overheated housing market in the nation’s largest city. Investors will need
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      Lock icon Househunt
      1496 17 Property transactions for districts 1 to 22 with contract dates between April 1 and April 7,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 02/04/2015 99 2067 5050 2444 Marina One Residences Apt 06/04/2015
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      Lock icon Knight Frank promotes two key personnel
      396 17  -  By Fiona Lam fionalam@sph.com.sg Singapore PROPERTY consultancy Knight Frank Singapore announced on Wednesday the appointment of a deputy group managing director and an executive director. As part of its succession planning, which has been a priority of late, the company promoted head of valuation
      396 words
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      Lock icon Renesas puts Ang Mo Kio industrial site up for sale
      303 17  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore A “BUSINESS 2” zone site in Ang Mo Kio has been put up for sale by Renesas Semiconductor Singapore, a subsidiary of Japanese semiconductor company Renesas Electronics Corporation, which has been operating in
      303 words
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      313 13 Light Industrial off Paya Lebar For Lease Excellent location, mins walk to MRT Surrounded with lifestyle amenities Bare/Fitted, Good loading facilities Good specifications building Corporate image Dominic Peters 9825 2101 CEA Rog, No. R*****1G Sharon Chan 9112 2063 CEA Reg. No, R*****1D savills.com.sg Good Class Bungalow For Sale by Tender
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      338 13 For Sale By Expressions of Interest Childcare Eldercare Space with Prominent Road Frontage Old Jurong Rd Bukit Timah Nature Reserve Bukit Regency Springdale Southaven I Southaven II Jalan Anak Bukit Cheong Chin Nam Rd German EuropeanSchool Bt. Timah Shopping Ctr Yuk TongAve Charisma View Grand Chateau RoyalCourt Grand Regency Ground
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      203 13 rx HOTEL FOR5ALE KIT' wm? Address: Akasaka, Minato-ku 3 mins walk to Akasakamitsuke station Land Area: 668 m 2 FREEHOLD For further info and viewing, please contact: Dillon Loi 9850 3204 Aiden Yong “w 9363 4489 4.8% f ||{J GROSS > ■f**: '/VX For Sale By Private Treaty: Closing 28
      203 words
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      243 14 n jaii n ii i TANJONG KATONG ROAD A 2-storey corner plot Approx. 2,000sf 3,800sf Dual road frontage Tenanted I st storey F&B approval Future Amber MRT TANJONG KATONG ROAD Four adjoining plots of 2-storey Approx. 6,200sf 10,200sf Dual road frontage I st storey F&B approval Future Amber MRT SOUTH
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      158 14 RARE OPPORTUNITY Large Factory in Ang Mo Kio for Sale Site area Approx. 16,500 sq m 177,604 sq ft Built-up area Approx. 31,730 sq m 341,539 sq ft 2014 Master Plan Zoning Business 2, Plot Ratio 2.5 Tenure 60yrs wef 1/4/1981 Balance 26 years) Suitable for Corporate SME expansion Centrally
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      64 14 AUCTION28MAY2015 1 Benoi Place JTC detached factory (3 blks) Land approx. 117,227 sq ft Floor Area approx. 81,352 sq ft Lease expiry 31/12/2026 For further information and viewings, please call: *****866 Mok Sze Sze(CEAReg. No. R*****7H) Jones Lang LaSalle Property Consultants Pte Ltd CEALicence No. L*****26E www.jll.com.sg 20 COLLYER QUAY
      64 words
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      1187 16 ADVERTORIAL Rising above the ordinary r i r 1 \m I v\% r— a Id fH I I V a A flVn x x > x^s v* v 1 V *A X v r A A A w ra' mm j fcia~bl ..liiiiL.... v l _Mza THE UPPER HOUSE COLLECTION
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  • COUNTRY FOCUS: KAZAKHSTAN
    • Article, Illustration
      Lock icon Landslide victory paves way for reforms
      955 18  -  President Nursultan Nazarbayev maps out challenges, goals as part of country’s reforms.REPORTS reforms.REPORTS BY VINCENT WEE KAZAKHSTAN’S incumbent President Nursultan Nazarbayev was recently re-elected with a landslide majority of 97.7 per cent in a snap election, sealing his popularity as a leader. A record
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      Lock icon Kazakhstan’s warming ties with China
      434 18 KAZAKHSTAN is pivotal in China’s economic plans in the Central Asian region and this was reflected in Chinese President Xi Jinping’s official visit on May 8. This is Mr Xi’s second trip to Kazakhstan in just over a year and the second by a Chinese
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      Lock icon A work in progress for UN Security Council seat
      372 18 THE country continues to move towards candidacy for a non-permanent seat on the United Nations Security Council (UNSC). It will be contesting, for the first time, for the two-year non-permanent seat, and will be pitted against Thailand from the Asia-Pacific region
      372 words
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      Lock icon AEF to focus on infrastructure
      475 19 THE eighth Astana Economic Forum (AEF) will take place from May 21-22. The key theme of the annual forum this year will be “Infrastructure: driver of sustainable economic growth”. A major international forum, the AEF brings together thousands of participants from more than 150 countries.
      475 words
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      Lock icon Sure and steady preparations for Expo 2017
      321 19 CONSTRUCTION on Kazakhstan’s major project Expo 2017, are continuing apace. Currently, about 30 per cent of the work on the 174-hectare plot in Astana has been completed. The Kazakhstan Pavilion, which will be the biggest complete sphere in the world, has been a
      PHOTOS: EMBASSY OF THE REPUBLIC OF KAZAKHSTAN  -  321 words
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      Lock icon Promoting global harmony
      418 19 Also key to Kazakhstan is its stand on nuclear non-proliferation. REPORTS BY VINCENT WEE THIS June, Kazakhstan once again hosts the Congress of World and Traditional Religions, in its capital Astana from June 10 -11. hemed “Dialogue of Religious Leaders and Politicians in the Name of Peace
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      44 18 Construction Manufacturing Special Economic Zones m Information Technology Retail Education Shipbuilding Property Fitness Centres Research Development Childcare Centres ir i Oil Gas V Hf/ Mining Medical Services Entertainment Hotels Commodity Trading Electrical Engineering Food Beverages ALL YOU NEED IS THE RIGHT BUSINESS CLIMATE www.kaznexinvest.kz
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      119 19 r *l I X My dearest ruarua, For m-owths, you Have nurtured awd -protected rue. I cau feel theLove be -r-fMX n,A.ri ftnnA,-fortabte to oei cmwuctA ukv A Lovlwg voice wheu you coo to m.e o i n „U| j (vigard the doctor teLtuw0 wait to s« what i)°“ t,r
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  • BANKING & FINANCE
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      1029 20 The Business Times Ik T I 1 I /“I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V i I www.sphclass.com.sg/notices SCB Tnowiamd o THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES Head Office: 9 Ratchadapisek Road, Jatujak, Bangkok *****, Thailand. CONSOLIDATED STATEMENT OF FINANCIAL POSITION Dec
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      1082 20 KBC Bank N.V. (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2014 Consolidated Balance Sheet KBC Bank does not confer lower priority to deposits of KBC Bank Singapore vis-a-vis KBC Head Office's depositors in the repayment of deposits in the event of receivership, winding up proceedings or other
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  • ENERGY & COMMODITIES
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      2485 21 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.com.sg www.sphclass.com.sg/notices GCCP RESOURCES LIMITED (Company Registration Number: 01-*****5) (Incorporated in the Cayman Islands on 1 November 2013) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GCCP RESOURCES LIMITED will be held at TKP Conference
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  • TECHNOLOGY
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      Lock icon Tencent wields WeChat ace in battle for online entertainment
      711 22 Cash-rich Alibaba, meanwhile, has teamed up with top tier content providers REUTERS Beijing IN A multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China’s online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd’s trump card. The
      REUTERS  -  711 words
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      Lock icon AOL chief executive’s bumpy journey to the big Verizon offer
      567 22 Tim Armstrong’s success came from deals that put AOL on cutting edge for placing ads REUTERS San Francisco AOL Inc chief executive Tim Armstrong’s six-year path to transforming the venerable dial-up Internet provider into a marketable mobile ad specialist has
      REUTERS  -  567 words
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      Lock icon SoftBank’s Son taps former Google exec as successor
      448 22 WP Tokyo MASAYOSHI Son, chairman and chief executive officer of SoftBank Corp, has named the company’s vice-chairman his heir apparent, announcing that the former Google executive will assume the post of representative director and president in June. Nikesh Arora, 47, who joined
      WP; PHOTO: BLOOMBERG  -  448 words
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      973 22 THE BUSINESS TIMES Ik ~Ty^\ r I 1 M I 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices DESIGN STUDIO GROUP LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****1553D) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised
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      474 22 LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid: UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) Name Certificate No. No. of Shares Kirinjoat Singh Bhalla *****53-4 85 Teoh Peng Heong Sons Sdn Bhd
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      304 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEONARDO MEDIA PTE LTD (Co. Reg. No.: *****7866K) (In Member’s Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a final meeting of the members of the above
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      253 23 11 ■V -iJCf W 4 1? ORRI s' IS -f 3^ 7 *> m> m > k U X f r Jf >s fUr s ll S\NG Featuring Lang Lang and Apl.de.ap A MEGA CONCERT CELEBRATING 50 YEARS OF SINGAPORE MUSIC 7 AUGUST 2015, 7.30PM, NATIONAL STADIUM TICKETS ON SALE
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  • CONSUMER
    • Article
      Lock icon LVMH’s Sephora launches China online store
      254 24 REUTERS Shanghai GLOBAL beauty retailer Sephora, part of French luxury goods group LVMH Moet Hennessy Louis Vuitton SE, launched its first online store in China on shopping platform JD.com Inc, the latest global firm to tap into China’s booming e-commerce market. The cosmetics chain,
      REUTERS  -  254 words
    • Article
      Lock icon Consumer spending drives eastern Europe
      304 24 BLOOMBERG Vilnius GROWTH in the European Union’s eastern economies have probably accelerated or broadly kept pace in the first three months as a dip in inflation stoked consumer spending. Poland’s GDP surged 3.3 per cent from a year earlier, up from 3.1 per cent in
      BLOOMBERG  -  304 words
    • Article
      Lock icon Australian retailers get boost from tax break for small business
      462 24 immediate tax deduction for buying office supplies that cost less than A$20,000, a significant jump from previous A$1,000 limit REUTERS Sydney AUSTRALIA’S hard-pressed retailers received a boost from the federal budget as investors scrambled on Wednesday to buy shares in
      REUTERS  -  462 words
    • Article, Illustration
      Lock icon Burmese ruby sells for record US$30m at auction
      477 24 AFP Geneva A 25.59 carat “pigeon blood” ruby sold for a world record US$30.33 million at auction in Geneva on Tuesday while a rare pink diamond believed to have once belonged to Napoleon’s niece fetched US$15.9 million, Sotheby’s said. After competitive bidding,
      AFP; PHOTOS: AFP  -  477 words
    • Article
      Lock icon UK online fashion retailer Farfetch snaps up London’s Browns
      435 24 REUTERS Paris FARFETCH, the online fashion retailer valued at US$ 1 billion after a financing round earlier this year, has snapped up London’s upmarket retailer Browns for an undisclosed sum in a cash and shares deal. Pressure is mounting on Internet
      REUTERS  -  435 words
    • Article
      Lock icon WHO findings on weed killer will not speed up EU safety review
      422 24 REUTERS Brussels EUROPEAN Union regulators will not accelerate a decision on whether to restrict use of the world’s most widely used weed killer, even though it has been linked to cancer by the World Health Organization (WHO), officials
      REUTERS  -  422 words
    • Article
      Lock icon Tesco to close last 6 Homeplus stores in UK
      135 24 REUTERS London BRITAIN’S biggest retailer Tesco is to close the remaining six Homeplus stores in its home market, bringing the curtain down on the non-food retail business with the potential loss of about 450 jobs. Tesco said on Tuesday that the
      REUTERS  -  135 words
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      40 24 _91.3 i K W§ b DJ GUESSING GAME GUE55 WHO'LL BE JOINING ANDRE HOEDEN ON ONE EM’S #1 BREAKFAST SHOW IN JULY! GET IT RIGHT ONE Fft/TS #1 BREAKFAST SHOW COULD BE CALLING YOU WITH CASH! facGbook.com/onefmsg 0 @onefmsg www.onefm.sg
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      14 24 Abbott rules out early election, says Budget not aimed at political revival, Page 28
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      1860 25 LEY CHOON GROUP HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0318G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at No. 3 Sungei Kadut Drive, Singapore *****6 on 29 May 2015 at 10.00 a.m.
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      1876 25 YUUZOO CORPORATE LIMITED (Company Registration Number:*****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that theAnnual General Meeting of YUUZOO CORPORATION LIMITED (the“Company”) will be held at OASIS 87 Science Park Drive, SingaporeSciencePark1,Level4Auditorium,Singapore*****0onFriday,29May2015at 11.00a.m.totransactthefollowingbusiness:AS ORDINARY BUSINESS ,J 3C@’+’e_’ID)I)CB<<!’?:)e<’)\eDID+eIG4<I<’E’D<>%C@<!’0DID+eIGY’I@’D)’)<C(,‘’+’E-’@*.,&ID)<!’5’BC@<>C%<!’‘e@’+<C@>ID)<!’?:)e<C@><!’@’CDJ[Resolution 1] *J 3CIBB@C_’<!’BIYE’D<C%‘e@’+<C@>9%’’>C%24c(dL(..J..%C@<!’0DID+eIGY’I@’D)’)(,‘’+’E-’@*.,&J [SeeExplanatoryNote1] [Resolution 2] 3. ToapprovetheDirector’sfeesstructureof(a)US$25,000forboardmembership;(b)US$12,000fortheChairmanoftheAuditCommitteeandUS$6,000forits members;and(c)US$8,000fortheChairmanoftheRemunerationCommitteeandNominatingCommitteerespectivelyandUS$4,000foritsmembersrespectivelyfor <!’0DID+eIGY’I@’D)eD#(,‘’+’E-’@*.,$ID)<C-’BIe)I<<!’’D)C%<!’0DID+eIGY’I@J [SeeExplanatoryNote2]
      1,876 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Japan on track to hit growth and inflation targets, says BOJ chief
      623 26  -  His remarks follow Tokyo’s pledge against letting efforts in fiscal consolidation threaten the nascent recovery in confidence and consumption By Anthony Rowley btworld@sph.com.sg Tokyo ECONOMIC growth in Japan “is turning positive” and downward pressure on prices will be
      PHOTO: BLOOMBERG  -  623 words
    • Article
      Lock icon China April home sales up as property market stabilises
      303 26 BLOOMBERG Beijing CHINA’S home sales rose for the first time this year in April after inter-est-rate cuts and a reversal in property curbs boosted demand. New-home sales jumped 16 per cent to 485.4 billion yuan (S$ 103.7 billion) last month from
      BLOOMBERG  -  303 words
    • Article
      Lock icon BOE sees inflation rising, leading to higher interest rates next year
      581 26  -  By Neil Behrmann btworld@sph.com.sg London THE latest Bank of England (BOE) inflation report expects prices to rise in coming months and this should lead to higher interest rates in 12 months’ time. Due to the election, the BOE has
      581 words
    • Article
      Lock icon Retail sales little changed on reluctance to splurge
      355 26 LATEST US DATA BLOOMBERG Washington SALES at US retailers were little changed in April, starting the second quarter on a weak note as Americans remained reluctant to splurge. The reading followed a revised 1.1 per cent gain in March that was the
      BLOOMBERG  -  355 words
    • Article, Illustration
      Lock icon Sharp dip in oil prices boosts euro region’s Q1 growth
      743 27 France, Italy beat expectations while Germany falters BLOOMBERG Frankfurt EURO area growth quickened in the first quarter as stronger-than-predict-ed performances from France and Italy made up for weaker momentum in Germany. Gross domestic product in the region rose 0.4 per
      BLOOMBERG; PHOTO: BLOOMBERG  -  743 words
    • Article
      Lock icon BI to stick to data in deciding any rate cuts
      294 27 BLOOMBERG Jakarta BANK Indonesia would consider loosening monetary policy if inflation and the current account deficit were under control, a view “in line” with recent government comments that the country should cut rates gradually, said Peter Jacobs, a director at
      BLOOMBERG  -  294 words
    • Article
      Lock icon India’s inflation cools, factory output weakens
      303 27 AFP Mumbai INDIA’S inflation rate fell to its lowest level in four months and growth in industrial output slowed, official data showed on Tuesday, increasing calls for an interest rate cut next month. Consumer inflation eased to 4.87 per cent in April from a
      AFP  -  303 words
    • Article, Illustration
      Lock icon Abbott rules out early election, says Budget not aimed at political revival
      701 28 Election will be held “about the middle of next year” as the government plans to run full term BLOOMBERG Canberra AUSTRALIAN Prime Minister Tony Abbott said on Wednesday he’s determined to lead his government to a full term,
      BLOOMBERG; PHOTO: AFP  -  701 words
    • Article
      Lock icon Australia’s wage slowdown a double-edged sword
      528 28 REUTERS Sydney AUSTRALIAN wages grew at the slowest pace in at least 16 years last quarter in what is proving to be a sedative for household spending and tax revenues, but a tonic for employment by keeping labour costs low. Wednesday data showed that
      REUTERS  -  528 words
    • Article
      Lock icon South Korean exports slip into reverse as Japan steps on the gas
      403 28 BLOOMBERG Seoul SOUTH Korea’s much-vaunted export machine is losing steam as the won rises against the euro and the yen, undercutting sales in global markets. That’s in sharp contrast to Japan, where currency depreciation is giving a leg
      BLOOMBERG  -  403 words
  • Page 26 Advertisements
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      210 26 T«HE STRAITS TIMES DAPITALANt) LIMITED #BuildSG2065 in Conjunction wi*th ST 170th Year’Celebratipns, THERE ARE SD MANY! WAYS TO VISUALISE* SINGAPORE. IN WHAT'S YOURS? 1 n WilT it be abqut j «mart” homes quipped with features that can T automatically 1,'JEa f. J switch on household appliances in the Your imagination
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      800 27 WHO GETS THE CHEESE? A special feature brought to you by ARTICLE BY JENSEN SIAW, a Performance Breakthrough Coach and Communication Expert. Yes, we are all in the rat race. We run to make a living, we run for a promotion, we run to get an increment and make more
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      52 28 Blogs Miss Ann Thrope Write on the Money Metadata 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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      39 28 DECODING SALMAN KHAN Heroto villaint Whatm himad oftheN andnee many, osome. akes arling GOs dy? HARSHA BHOGLE ON THE KEVIN PIETERSEN SAGA GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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      67 28 HOT PROPERTY NAMLY WELL RENO Modern 3500/ 3300 sf. 4+1 rms. Nice gdn. Beautiful kitchen $10K. Avail Jun. HUGE SEMI-D PATIO Pool 74 Jln Lim Tai See. $11.5K. 5,300/4,300 sf. 4+1 large rms. Professionally Managed. Avail July. TENERIFFE CLUSTER HOUSE 3-sty+basement. 5 rms 1 New kitchen. Immed. View anytime. LOOKING
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  • TRANSPORT
    • Article, Illustration
      Lock icon Derailment on Amtrak kills five, shuts down north-east US service
      790 29 NYT Philadelphia AT least five people were killed and dozens more were injured when an Amtrak train carrying 243 people derailed on Tuesday, shutting down service in the north-east region, the authorities said. The train was headed from Washington to
      NYT; PHOTO: REUTERS  -  790 words
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      Lock icon Krueger starts in his predecessor’s shadow
      512 29 Munich THE first test facing BMW AG’s new chief executive officer will be to emerge from the shadows of the predecessor who will be watching over his shoulder as chairman. Norbert Reithofer’s probable shift to chairman from CEO on Wednesday without the recommended two-year
      PHOTO: AFP  -  512 words
    • Article
      Lock icon Honda joins Toyota, Nissan in air bag recall
      590 29 Latest move come as Japan, US regulators investigate Takata-made air bag inflators BLOOMBERG Tokyo TOYOTA Motor Corp and Nissan Motor Co have added 6.56 million vehicles to their global recalls to cover more vehicles fitted with air bags made by Takata Corp.
      BLOOMBERG  -  590 words
    • Article
      Lock icon Embraer to sell 2,060 jets to N America in US$96 billion deal
      406 29 AFP Sao Paulo BRAZILIAN aircraft manufacturer Embraer on Tuesday announced plans to deliver 2,060 jets to the North American market over the next 20 years, a deal that the company said would net it about US$96 billion at
      AFP  -  406 words
    • Article
      Lock icon SHIPPING TIMES
      985 32 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Vancouver V016E 16 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
      985 words
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      63 29 The Premier Platform for Gifts Sourcing VVSGPFair Singapore Gifts Premiums Fair 2015 29 31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.SGPFair.com 6 m- EXHIBIT PROFILE Lifestyle Retail Gifts Florists Hampers Rewards Incentives Etc. rr mA- Interested to exhibit? Tel: (65) 6848 5938 Email: SGPFair@bizlink.com.sg Organised By: BIZLINK
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      218 29 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
      218 words
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  • OPINION
    • Article
      Lock icon Politics deals temporary setback to PM Modi’s reform agenda
      599 30 EDITORIAL ONE year after coming to power with a bold economic reform agenda, Prime Minister Narendra Modi has run into speed breakers in the form of India’s chaotic political process. The government failed to pass two bills that are crucial to
      599 words
    • Article
      Lock icon Election result discredits pollsters’ view on Brexit
      799 30  -  THE BOTTOM LINE By Denis MacShane THE forthcoming campaign towards a referendum on possible British departure from the European Union will represent one of Britain’s most difficult two-year periods in the post-war era. The plebiscite, a near-certainty in 2017 following the victory of
      799 words
    • Article, Illustration
      Lock icon Future of 2 unions hangs in the balance
      1375 30  -  The Conservative Party’s victory has increased the odds of the UK leaving the EU, and Scottish independence breaking up the UK itself, reducing Britain’s global influence. BY ALISTAIR BURNETT influence.BY ALISTAIR BURNETT T The writer is former editor of “The World Tonight”,
      PHOTO: AFP  -  1,375 words
    • Article
      Lock icon ADB-AIIB amity hints at change in architecture of financing
      921 31  -  COMMENTARY By Anthony Rowley FOR two men supposedly squaring up for a battle of the development-banking giants, the president of the Asian Development Bank (ADB) and the prospective head of the China-led Asian Infrastructure Investment Bank (AIIB) seemed to be on
      921 words
    • Article
      Lock icon Singapore set to continue to grow as top commo trading hub in Asia
      612 31  -  By Jon Howes T The writer is partner and joint head of office, Singapore, at Pinsent Masons MPillay SINGAPORE’S oil companies and suppliers have been severely hit by the drop in commodity prices. It’s estimated that U
      612 words
    • Article, Illustration
      Lock icon Building the necessary blocks for employability
      1299 31  -  Educational reforms are needed to support national talent strategies with an eye on the skills and jobs of the future. BY BRUNO LANVIN AND PAUL EVANS BY BRUNO LANVIN, PAUL EVANS T Mr Lanvin is the executive director of global indices at insead; Prof
      PHOTO: JAMIE KOH/THE STRAITS TIMES  -  1,299 words
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      176 32 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Spotlight Award Wins Recognition < Come publicise
      176 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon One French institution embraces another
      593 33 Renowned Restaurant Guy Savoy has shifted to a grand top-floor space at Monnaie de Paris, the historic French mint building Paris FOR 28 years, one of this city’s most famous restaurants operated out of a dark, starkly modern site on rue Troyon, a banal street
      PHOTOS: NYT  -  593 words
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      101 33 'BerezoskaycTs art speaks beyond cultures. Her vision embraces the future through a remarkable blend of the past and the present." Ian Findlay-Brown Asian Art News Edge of the World An exhibition by Russian artist Anna Berezovskaya m ■fez.* m. I LI CtftS > Z9 d' r *f5 i m I
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  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      354 33 CRYPTIC CROSSWORD Across 1 Declining money poor director hoards in retirement (6) 4 Cooking over with a new set of casseroles? (8) 10 Slip when manoeuvring round vehicle’s rear? It’s a driving problem (5,4) 11 End around middle of July for flower (5) 12 Hot sauce found in key course
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