The Business Times, 22 May 2015

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Total Pages: 36
1 36 The Business Times
  • 34 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg I} D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 051/08/2014 Friday, May 22,2015
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  • Article, Illustration
    201 1 Germany and other eurozone leaders are reluctant to give the Greek government concessions in the next debt repayment negotiations as they fear a rising Portuguese left wing party. TOP STORIES 2 Singapore Emeritus Senior Minister Goh Chok Tong calls on Japan Prime Minister Shinzo Abe to “go further”
    201 words
  • 793 1  -  He sets a GDP growth target of 5-6 per cent a year a challenging goal, given slump in oil prices and export growth By Pauline Ng btworld@sph.com.sg Kuala Lumpur TABLING the 11th Malaysia Plan in parliament on Thursday, Prime Minister Najib Razak sought
    PHOTO: BLOOMBERG  -  793 words
  • 28 1 MARKETS Thursday Change STI 3,439.86 +0.18 KL COMP 1,795.04 -15.07 NIKKEI 225 20,202.87 +6.31 HANG SENG 27,523.72 -61.33 SHENZHEN B 1,567.67 -3.00 DOW (11.45am EDT) 18,297.25 +11.85
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  • 979 1  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore WHILE central banks continued to purchase equities last year, sovereign wealth funds and public pension funds moved more aggressively into real estate and infrastructure projects in pursuit of higher returns in an ultra-low interest rate
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  • Page 1 Advertisements
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  • TOP STORIES
    • 605 2  -  Germany, EU worry that any concession will embolden anti-austerity parties, leading to weakened governance By Neil Behrmann btworld@sph.com.sg London GERMANY and other eurozone leaders are reluctant to give the Greek government concessions in the next debt repayment negotiations as they
      605 words
    • 604 2 BLOOMBERG Washington FEDERAL Reserve officials signalled they are unlikely to raise interest rates in June while leaving open the option of tightening later in the year. Minutes of their April meeting, released on Wednesday in Washington, also
      BLOOMBERG  -  604 words
    • 627 2  -  By Fiona Lam fionalam@sph.com.sg Singapore MORE than 400 Singapore small and medium-sized enterprises (SMEs) will soon have improved access to technological innovations and digital and mobile marketing tools, with the launch of five new collaborative industry projects (CIPs) on Thursday. Three of the
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    • 672 4  -  Michael Pulch also says now is the perfect time for EU to join hands with Asean economy By Elizabeth Mak eamak@sph.com.sg Singapore COUNTRIES in Asean should not let national interests get in the way of the regional
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    • 990 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo SINGAPORE Emeritus Senior Minister Goh Chok Tong on Thursday called on Japan Prime Minister Shinzo Abe to “go further” than past Japanese leaders in seeking reconciliation with Asian nations over the legacy of World
      PHOTO: BLOOMBERG  -  990 words
    • 403 4  -  By Dominic Elliott REUTERS BREAKINGVIEWS London A GUILTY plea in the United States used to strike terror into bankers’ hearts. Now that four of the six banks fined US$5.6 billion by US and UK regulators on May 20 for
      REUTERS BREAKINGVIEWS  -  403 words
    • 455 5  -  New US$200m centre in Loyang will connect via dark fibre to firm’s first data centre in Jurong, extending its network By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT NEW YORK-listed data solutions firm Digital Realty Trust (DRT) will launch its second data
      FILE PHOTO  -  455 words
    • 472 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT MEDIA businesses hoping to stay ahead of the competition must harness the new opportunities arising from digital trends to grow their consumer base, the Media Development Authority of Singapore (MDA) said on Thursday. An MDA spokeswoman said: “Consumers
      FILE PHOTOS  -  472 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • COMPANIES & MARKETS
    • 616 6  -  New cabin product comes in the wake of a two-year product development programme and an estimated investment of US$80m By Prisca Ang prisang@sph.com.sg Singapore SINGAPORE Airlines’ new premium economy class will cater to an increasingly segmented air travel market, with a focus on long-haul
      PHOTOS: LIANHE ZAOBAO  -  616 words
    • 589 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore CRUISE and leisure firm Genting Hong Kong is plumping up its coffers even further with plans to sell another tranche of 10 million shares or 4.35 per cent of Norwegian Cruise Line Holdings
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    • 399 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CATALIST-LISTED energy firm Rex International Holding said on Thursday that its wholly owned subsidiary, Rex Bonaparte Gulf, will acquire a 30 per cent participating interest in the offshore WA-488-P licence in Western Australia from a fully owned unit
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    • 548 8  -  They failed to disclose creditors’ winding-up applications in a timely fashion, it says By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore XPRESS Holdings and its then chairman broke listing rules in 2014 by not disclosing creditors’ winding-up applications in a timely
      548 words
    • 259 8  -  By Prisca Ang prisang@sph.com.sg Singapore THE Seletar Mall, a joint project between Singapore Press Holdings (SPH) and United Engineers Limited (UEL), officially opened on Thursday. Housing over 130 shops, it has a diverse mix of anchor tenants including premium supermarket FairPrice Finest, cineplex Shaw Theatres,
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    • 324 8  -  Its newly-launched Asian Investment Fund Centre in Singapore will help it enter new service areas By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PwC has launched its Asian Investment Fund Centre in Singapore which will focus on bolstering its presence across Asia in
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    • 307 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore OLS Enterprise, formerly known as Transcu Group and now on the watch-list of the Singapore Exchange, plans to transfer its listing from the Singapore Exchange (SGX) mainboard to the Catalist board. “The board believes that the
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    • CORPORATE DIGEST
      • 156 8 KEPPEL Infrastructure Trust (KIT) is raising S$525 million through a private placement and preferential offer to fund the acquisition of a 51 per cent stake in Keppel Merlimau Cogen. Keppel Infrastructure Fund Management is the trustee-manager of KIT, which was formerly known as CitySpring Infrastructure Trust. The
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      • 59 8 SGX mainboard-listed Ley Choon Group Holdings has won a S$25 million contract from the Public Utilities Board (PUB). This contract involves the laying and installation of a potable water transmission steel pipeline from Jalan Kampong Chantek to Dunearn Road. The group’s unfulfilled orderbook based on secured contracts
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      • 72 8 PEC has landed two new contracts worth some S$70 million, lifting its orderbook above S$450 million. One project is for works within a petrochemical complex on Jurong Island and is expected to be completed by March next year. The second project –slated for completion in October next year is
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    • 640 10 investors warned not to get carried away as startup board shows meteoric rise REUTERS Hong Kong CHINA’S investors are fuelling their own version of a dotcom bubble, going by the meteoric rise in the shares of a newly listed Internet video company. The 42-fold jump
      REUTERS  -  640 words
    • 226 10 REUTERS Singapore CANADA’S Manulife Financial Corp is seeking to list some of its US property assets in Singapore in the second half of the year in an initial public offering (IPO) worth US$450 million, two people familiar with the deal said.
      REUTERS  -  226 words
    • 724 12  -  Total transacted volume in GLP forms 48 per cent of the S$2.2 billion done by the whole market STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE crossing of a large parcel of Global Logistic Properties (GLP) shares worth S$964 million lent some respectability to
      Source: Bloomberg  -  724 words
    • 308 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 250 -2 254/249 271 219 5.8 6321.9 CapitaLand 364 +1 367/362 379 293 13.3 2.5 *****.9 CapitaMall Trust 221 unch 223/220 228 188.5 4.9 7668 CityDev 1030 +2 1033/1025 1095 915 12.4
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    • 36 12 VOLUME Global Logistic 386,889,400 SinoConstruction 151,546,400 Digiland Intl 88,101,300 StratechGroup 76,404,500 Healthway Med 73,132,000 Market volume 2,328,123,000 VALUE Global Logistic 1,062,033,568 Singtel 95,466,909 Suntec Reit 84,655,276 Wilmar Intl 64,116,877 CapitaLand 60,559,358 Market value 2,230,395,000
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    • 109 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSBANGL US$ US99.1 +2.6 140 100/99.1 116/87.2 98.4/98.9 4.1 IS MS India US$ US756 +4 102 761/752 1000/696 754/757 94.5 DBXT MSPAKIS US$ US198 -4.3 80 199.7/198 218.4/178.5 197.5/198.4 9.7 CIMBASEAN40 US$ US1005 +27 80
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    • 77 12 May 21 VALUE CLOSE BT OB/OS -31.00 +171.00 BT CADI -*****.00 -47.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 789.94 -0.39 FTSE ST Small Cap 497.32 -2.46 FTSE ST All Share 826.54 -0.28 FTSE ST China Top 215.79 +0.60 FTSE ST China 252.69 +1.90 FTSE
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    • 35 12 STI FTSE ST All-Share ftse ST All-Share index May 21,2015 826.54 -0.28 (-0.03%) Current streak 4 days Day high 828.35 Day low 825.63 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • 33 12 STI MSCI EAFE MSCI EAFE Index May 20,2015 1,938.40 +2.20 (+0.11%) Current streak 1 day Day high 1,941.81 Day low 1,931.10 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 6 0 0 0 4 6 6 Manufacturing 34 51 39 5 9 11 39 60 50 Commerce 16 20 22 5 3 2 21 23 24 Tpt/Stor/Comms 8 19 12
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    • 119 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,915 14,915 80,401 80,401 Manufacturing 208,402 32,631 241,033 156,830 5,022 161,852 Commerce 178,690 38,754 217,444 52,542 2,207 54,749 Tpt/Stor/Comms 172,873 52 172,925 249,382 6 249,388 Finance 21,991 21,991 114,237 114,237 Construction 172,013 27,735 199,748 9,472
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    • 74 12 BY CENTS CLOSE UP 52w high/low DBXT iBoxxKR US$ ***** 72.2 0.3 *****/***** DBXT Vietnam US$ 2370 50.8 1.6 3100/2250 Great Eastern 2470 50.0 2.1 2600/2059 GLD US$ ***** 44.1 0.3 *****/***** CIMBASEAN40 US$ 1005 36.1 2.8 1113/948 BY PERCENTAGE CLOSE UP 52w high/low China Hongcheng 0.6 50.0 0.2
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    • 75 12 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 5938 -41.4 -0.5 6735/5484 DBXT China50 US$ 3981 -37.4 -0.7 4258/2800 JMH USD 6005 -33.4 -0.4 6788/5700 DBXT S&P500 US$ 3583 -30.7 -0.6 3626/3097 Lyxor Russia US$ 293 -25.4 -6.1 409/188 BY PERCENTAGE CLOSE DOWN 52w high/low TIH W*****9 0.1
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    • 81 12 VOL CLOSE($) CHANGE China Hongcheng 90.1 0.006 +0.002 +50.00 Luzhou Bio-Chem 980.2 0.044 +0.010 +29.41 Cityneon 10.0 0.280 +0.085 +43.59 AA 47.0 0.065 +0.007 +12.07 Ban Leong 95.0 0.215 -0.010 -4.44 Pan Asian 777.4 0.095 +0.010 +11.77 UOA 185.0 0.530 -0.025 -4.51 OLS 10,354.0 0.007 +0.001 +16.67 Debao
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    • 429 12  -  Compiled by Jamie Lee Raffles Medical Group Buy May 21 close: S$4.30 Target price: S$5.10 Maybank Kim Eng Research, May 21 CHINESE hospitals are currently overstretched, compounded by quality issues. This, we strongly believe, presents Raffles Medical with opportunities to plug the gap with its strong focus on
      429 words
    • 484 13 CURRENCIES REUTERS London THE euro rose against the dollar on Thursday for the first time this week, helped by nascent signs of a recovery in eurozone activity and a rise in German bund yields which narrowed the spread over US Treasuries.
      REUTERS  -  484 words
    • FOREX RATES
      • Article, Illustration
        2 13
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      • 471 13 May 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.963 4.895 0.709 6.123 50.292 103.609 0.955 8.639 2.844 1.078 80.466 35.134 1.056 9.341 0.738 24.019 26.412 0.507 0.790 Canada 1.039 5.084
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      • 2 13
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      • Article, Illustration
        1 13
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      • Article, Illustration
        2 13
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      • 22 13 May 21 S$ Bid Offer 1-month 1.3370 1.3379 2-months 1.3375 1.3388 3-months 1.3380 1.3394 6-months 1.3398 1.3413 Source: OCBC
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      • 155 13 May 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0550 1.0565 0.7894 0.7900 Canadian dollar 1.0960 1.0972 0.8205 0.8201 Euro 1.4894 1.4906 1.1145 1.1146 NZ dollar 0.9790 0.9804 0.7326 0.7331 Sterling pound 2.0808 2.0826 1.5570 1.5573
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    • EQUITY BONDS WARRANTS FUTURES
      • 398 13 May 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.26 *****.74 *****.94 May15 *****.00 *****.00 *****.00 *****.50 *****3 *****5 Jun15 *****.50 *****.00 *****.50 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.46 *****.90 *****.78 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep15
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      • 199 13 Most active May 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 unch ***** 1 0 3 Yangzijiang MB eCW*****6 12 4820 0.4 160 13 FTSEChinaA50 ***** MBeCW*****0 10.5 1 4588 0.0 2 DBS
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      • 373 13 In local curr In S$ In US$ dy yr dy yr dy yr May 20 Index Change Change Change Change Change Change World Preliminary 1364.6 0.1 7.0 0.1 6.5 0.0 5.5 EAFE Preliminary 1111.3 0.2 12.6 0.2 10.2 0.1 9.2 Europe Preliminary 1556.5 0.2 12.7
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    • BANK RATES
      • 154 13 May 21 $S Offer Bid 0vernight 0.05 0.03 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.15 US$ 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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      • 36 13 May 21 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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      • 67 13 May 21 May 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.5 5-Year N*****0H 1.625 01-Oct-19 99.84 10-Year NY*****H 3.000 01-Sep-24 105.2 105.75 105.25 15-Year NY*****E 2.875 01-Jul-29 101.72 102.03 101.60 20-Year NZ*****V 3.375 01-Sep-33 106.92 107.50 107.28
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    • AGRI METALS ENERGY
      • 193 13 May-20 Price Net change change Last Trade Agricultural May-20 CBOT Soybeans (US cents/bu) 941.25 -5.00 -0.53% 14/07/2015 CBOT Soybean Oil (US cents/lb) 32.20 0.02 0.06% 14/07/2015 CBOT Wheat (US cents/bu) 513.00 2.75 0.54% 14/07/2014 May-20 LIFFE Cocoa (£/tonne) 2084.00 -14.00 -0.67% 16/07/2015 LIFFE Coffee (US$/tonne) 1687.00 -22.00 -1.29%
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      • 57 13 May 21 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 15 2146.0 2154.0 2157.0 2137.0 866 4679 Jul 15 2151.0 2163.0 2168.0 2139.0 7186 ***** Aug 15 2142.0 2158.0 2165.0 2134.0 ***** ***** Sep 15 2141.0 2162.0
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  • Page 6 Advertisements
    • 1593 6 VTB Capital plc 31 DECEMBER 2014 Head Office: 14 Cornhill, London, EC3V 3ND, UNITED KINGDOM Singapore Branch: 9 Battery Road #27-01, Straits Trading Building, Singapore *****0 Consolidated statement of financial position at 31 December Consolidated income statement for the year ended 31 December 2014 US$ 000 2013 US$ 000 2014
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  • Page 8 Advertisements
    • 1240 8 Head Office No. 46, Guancian Rd., Jhongjheng District, Taipei City *****, Taiwan (Republic of China) Singapore Branch 80, Raffles Place, #34-01, UOB Plaza 1, Singapore *****4. Tel: +65 *****555 B O A R D O F D I R E C TO R S Chairperson of the Board Shiu Kuang-Si
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  • Page 10 Advertisements
    • 1993 10 J. Safra Sarasin Holding Ltd Consolidated Balance Sheet as at 31 December 2014 1,000 CHF 31.12.2014 31.12.2013 Assets Cash 7,402,019 5,947,371 Money market paper 682,598 735,985 Due from banks 4,329,460 3,619,000 Due from customers 10,141,233 7,257,670 Mortgages 1,772,684 1,919,455 Securities and precious metals trading portfolios 903,432 936,940 Financial investments 7,169,161
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  • BANKING & FINANCE
    • 751 14 If approved, it will remove obstacle to increasing shareholder payouts at 11 lenders such as American Express and Capital One BLOOMBERG New York A US Senate proposal to raise the level at which banks are deemed systemically important could help free
      BLOOMBERG  -  751 words
  • Page 14 Advertisements
    • 2445 14 The Business Times Ik 1 ✓"’1 I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V I www.sphclass.com.sg/notices CONSOLIDATED BALANCE SHEETS December 31, 2014 and 2013 MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. HEAD OFFICE: No. 100, Chi-lin Road, Chung-shan Dist., Taipei *****, Taiwan Tel: +886-2-2563 3156 Fax: +886-2-2356 8936
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  • Page 15 Advertisements
    • 1786 15 a it 4iHANG SENG BANK CONSOLIDATED INCOME STATEMENT Year ended 31 December Earnings per share (in HK$) 7.91 13,95 CONSOLIDATED BALANCE SHEET LIABILITIES AND EQUITY Liabilities Total equity and liabilities 1,263,990 1,143,730 STATUTORY ACCOUNTS AND ACCOUNTING POLICIES The 2014 accounts have been prepared on a basis consistent with the accounting
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  • ENERGY & COMMODITIES
  • Page 16 Advertisements
    • 30 16 7 >L' f y rm ■4m WHt*. i m «r?f v <: R i. m. ->■ W4>’.& > aiO ■im i r k xiioo OBqoFz X^jodojdz siuoij pdjjdd jnoX o; XbavspS sqx ilJ9doxi-7|
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  • TECHNOLOGY
    • 713 17 Hundreds of technology-linked firms have set up shop, creating a thriving services hub REUTERS Hangzhou, China SIGNS that China’s reforms may be paying off have sprung up in the eastern coastal city of Hangzhou, where a booming high-tech and software sector has fired
      REUTERS  -  713 words
    • 436 17 NYT New York SPOTIFY now wants to help you jog, watch videos and catch up on podcasts, all in addition to listening to music a move that will put the company into competition with Apple, YouTube and other technology outlets. Spotify, which
      NYT  -  436 words
    • 235 17 BLOOMBERG Frankfurt SALESFORCE.COM is unlikely to be acquired by a rival technology company because it’s prone to falling revenue and waning pricing power, SAP SE’s chief executive officer Bill McDermott said. “You don’t buy companies where prices are going to drop and
      BLOOMBERG  -  235 words
  • Page 17 Advertisements
    • 48 17 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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    • 403 17 THE BUSINESS TIMES Ik 1 X 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KERRY-MCS MINING (MONGOLIA) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5980R NOTICE IS HEREBY GIVEN
      403 words
    • 1633 17 DNB Bank ASA INCOME STATEMENT DNB Bank ASA DNB Bank Group 2013 2014 Amounts in NOK million 2014 2013 BALANCE SHEET DNB Bank ASA DNB Bank Group 31 Dec 2013 31 Dec 2014 Amounts in NOK million 31 Dec 2014 31 Dec 2013 42 903 41 906 Total interest income
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  • CONSUMER
    • 612 18 Syngenta already has rejected a US$45b offer, but Monsanto continues to pursue it REUTERS Kansas City, US MONSANTO CO, the world’s largest seed company, said on Wednesday that it plans to divest Syngenta Ag’s seeds and genetic traits
      REUTERS; PHOTO: BLOOMBERG  -  612 words
    • 278 18 REUTERS London BRITAIN’S biggest retailer Tesco paid new chief executive Dave Lewis £4.1 million (S$8.6 million) in the six months after luring him from consumer goods group Unilever and tasking him with turning around the firm. Tesco’s annual report for the
      REUTERS  -  278 words
    • 491 18 BLOOMBERG New York JOHNSON JOHNSON is investing in a collection of experimental drugs with blockbuster potential, treating widespread illnesses such as blood cancer and Alzheimer’s disease, to help rise above looming competitive threats to its pharmaceutical business. The world’s biggest maker
      BLOOMBERG  -  491 words
    • 416 18 REUTERS London SHARES in British luxury goods maker Burberry tumbled on Wednesday after it cut its annual profit guidance, hit by foreign exchange volatility and subdued demand in Hong Kong and the US. The 159-year-old firm said that 2015/16 profit for retail and
      REUTERS  -  416 words
    • 415 18 NYT New York DRIVEN by stronger sales of its signature items, including children’s clothing, Target reported a profit in the first quarter of the year that beat expectations. The company on Wednesday reported earnings per share of US$1.10, compared with 92 US cents in
      NYT  -  415 words
  • Page 18 Advertisements
    • 71 18 \Ar:chi MWs ACADEMY 2015 Calling business owners! We have the Guaranteed Targeted Crowd of parents with young children for you! Proven Quality visitors with a keen interest in their child's growth and well-being!! JOIN US AT SUNTEC SINGAPORE! m -rCall us to enquire how we can help you reach your
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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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    • 122 18 OPTIMISING THE WORK ENVIRONMENT of pie mo ASIA 2015 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo and Convention Centre Level 1, Hall A SHOWCASING Workspace Design Planning The Eco-Office Office Stationery 8> u Pantry Supplies Free* admission Register now! www.OfficExpoAsia.com/reg/2 Interested to exhibit? Tel: (65) 6848 5939 Email:
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  • REAL ESTATE
    • 836 19 Projects are being offered on back of stock boom that’s driven benchmark index to eight-year high LUXURY PROPERTY BLOOMBERG Hong Kong HONG Kong developers are poised to find out just to what extent the city’s booming stock market has
      BLOOMBERG  -  836 words
    • 423 19 BLOOMBERG Boston PRICES for the most expensive US homes grew at the slowest pace in three years as wealthy buyers became worried about overpaying following a surge in values, Redfin Corp said. Prices for the top 5 per cent of
      BLOOMBERG  -  423 words
    • 706 19  - Fewer than 10 units sold at boutique condo Pollen Bleu Developer Singapore Land expects to hit 10-20 units by the next month or so, from the 30 in the first tranche By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE Land’s condo project Pollen Bleu in the Farrer Road precinct has clocked
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    • 241 19 BLOOMBERG Seattle BLACKSTONE Group LP is selling the Manhattan offices that once housed The New York Times after completing renovations and signing new tenants including Yahoo Inc, said a person with knowledge of the plans. Blackstone is seeking about US$525 million,
      BLOOMBERG  -  241 words
    • 447 20 NPRA in December urged lenders to limit mortgage growth to investors to 10 per cent annually BLOOMBERG Sydney AUSTRALIAN banks are scaling back discounts offered on mortgages to landlords amid a regulatory crackdown aimed at cooling the housing market. Australia New
      BLOOMBERG; PHOTO: BLOOMBERG  -  447 words
    • 306 20 BLOOMBERG San Francisco ADD one more marker in the timeline of soaring rental costs in the US: They just increased faster than home values for the first time since 2012. Rents grew 4 per cent in
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  • Page 19 Advertisements
    • 50 19 FOOD MAP OF INDIA Journey through Singapore to get a taste of the food that the different states of India have to offer Introducing a new monthly column on books, writing and publishing GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) NISHAL (*****438)
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  • Page 20 Advertisements
    • 655 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D02 HOUSE FOR SALE BLAIR ROAD F’hold Conservation 2-sty intermediate terrace. Land approx 1513 sq ft Reno. needed. Near Outram MRT/ amenities. Limited supply. 6251-7387 TKE D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft, 6+1 ensuite, 2 living, Pool,
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    • 132 20 Brand New Jalan Novena(District 11) 6+1 bdrms, with Lift+pool Land 2469sf, Built-up 6205sf Prime central location. Mins walk to Novena MRT. Near excellent schools. www.wahkhiaw.com.sg Call Developer:9863 5635/9727 2996 AgentsWelcome 456 ALEXANDRA ROAD RESTAURANTS CAFE SHOPS MEDICAL SUITES High-Rise Office Tower in Biz Hub Next to Labrador Part MRT F&B
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  • VEHICLE & LIFESTYLE
    • 747 21  -  By John Bittleston The writer is founder mentor of Terrific Mentors International. WE ALL know the story of the tortoise and the hare. The hare was faster, but lost the race because the tortoise kept going when the hare could not. It’s an
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    • 114 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED ■BUY IT-SEU IT-FIND IT- BMW FOR SALE BMW 316i 5/2014 BMW 316i. 1 Owner, Brand new cond! OMV $32,129. In-House Loan High Trade-in Available. Call 9450 5050 6555 3300 BMW FOR SALE BMW 730Li 12/2011 730Li Sunroof. 1
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    • 86 21 HONDA FOR SALE HONDA CITY 2/06 City 1.5. Sell $***** OMV $*****. 1 owner. Black. Hp-9685 0045 Yong Lee Seng Motor Pte Ltd. HONDA FOR SALE VEZELX MODEL New! New! High Specifications. Attractive Price!! Guaranteed COE. Call Sam 9386 0913/ 8188 3900 MERCEDES FOR SALE S350L Nov 06 S350L Sunroof.
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    • 89 21 TOYOTA FOR SALE HARRIER PREMIUM Immediate! Panoramic roof Navigation. $159,988. AML #04-10 Wheeler Dealers. For viewing pls call 9007-8000/ 9181-6096 VOLKSWAGEN FOR SALE GOLF SPORT 1.4A April 2009 Golf Sport 1.4A TSI. Powerful and Practical. Tip Top Cond. Only $62.8k. Free Warranty. Call 8118 8099 ANTIQUES COLLECTIBLES ANTIQUES Selling My
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    • 92 21 DOMESTIC HELP MAID SERVICES Chaindra Maid Agency, Singapore Prestige Class Award-Winner. Nepalese, Indian, Sri Lankan maids available. Call *****172 (08C3412) ITEMS WANTED HANDBAGS WALLETS We Pay Cash for LV, Chanel Hand Bags and Wallets United Sq #B1-56J Tel *****383. Int’l Plaza #0171 Tel: *****725 One KM #02-27 Tel: *****760 ITEMS
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    • 73 21 LAUNDRY SERVICES ISLANDWIDE SERVICES Islandwide curtain laundry pick up/ delivery. 10-10pm. Call 6255-4222. www.justrelax.com.sg PETS PET CARE KOI FARM Biggest, Cheapest Largest in Singapore New arrival from Japan!! Nippon Koi Farm, No 51 Jln Lekar. Tel 6763 1882 or www.nipponkoifarm.com PETS PET CARE PET FARM Small to Medium breed. Large
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  • Page 22 Advertisements
    • 1567 22 1.1 31.12.2014 1.1 31.12.2013“ Assets 31.12.2014 31.12.2013? in Euro m in Euro m in Euro m in Euro m TrteEsri_ncoFe_______—12.5_55___1_s,s7_1 EshEsEe__—_—_—__4,zE7___1_2,3fi Interest expenses 6,948 7,710 Claims on banks 80,036 87,545 Net interest income 5,607 6,161 of which pledged as collateral 29 Loan loss provisions -1,144 -1,747 Claims on customers 232,867
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    • 1093 22 Nfiflfiifis IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CALABRIA PTE. LTD. (IN MEMBERS’ VOLUNTARY LIOUIDATION) (Co. Reg. No. *****3855H) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Calabria Pte. Ltd. duly convened and held on the 14th do of May 2015, the
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  • Page 23 Advertisements
    • 1663 23 Habib Bank Limited (incorporated in Pakistan) CAPITAL SUMMARISED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 2014 2013 2014 2013 (Rupees in ’000) (Rupees in ’000) Authorised capital 30,000,000 30,000,000 SHAREHOLDERS’EQUITY Share capital 14,668,525 13,335,023 Reserves 43,550,188 43,550,373 Unappropriated profit 89,046,716 73,748,915 Total equity attributable to the equity
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    • 1654 23 ADDRESS: No. 3 SUNG-SHOU ROAD, TAIPEI, TAIWAN, R.O.C. TELEPHONE NUMBER: 886-2-2722-2002 CTBC BANK CO., LTD. CTBC BANK CO., LTD. FINANCIAL STATEMENTS DECEMBER 31, 2014 AND 2013 AND INDEPENDENT AUDITORS’ REPORT BALANCE SHEET For the years ended December 31,2014 and 2013 (Expressed in Thousands of New Taiwan Dollars) December 31,2014 December
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  • GOVERNMENT & ECONOMY
    • 515 24 Manufacturing PMI falls to 53.8 in May from the final April reading of 54.1 LATEST US DATA REUTERS AFP New York GROWTH in the US manufacturing sector slowed for a second straight month during May, with new orders increasing at their slowest pace
      REUTERS; AFP  -  515 words
    • 500 24 REUTERS Beijing CHINESE factory activity contracted for the third month in May and output shrank at the fastest rate in just over a year, a private survey showed, indicating persistent weakness in the world’s second-largest economy that requires increased policy support.
      REUTERS; PHOTO: AFP  -  500 words
    • 284 24 REUTERS Geneva JAPAN launched a trade complaint at the World Trade Organization on Thursday to challenge South Korea’s import bans and additional testing requirements for Japanese food after the 2011 Fukushima nuclear disaster, the WTO said. Japan says several measures
      REUTERS  -  284 words
    • 544 24 REUTERS Tokyo JAPAN unveiled a plan on Thursday to provide US$110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its ally
      REUTERS  -  544 words
    • 689 24 BLOOMBERG Mumbai AS PRIME Minister Narendra Modi approaches the end of his first year in office with modest achievements and incremental change, India’s business leaders are looking for him to step up efforts to boost growth in
      BLOOMBERG; PHOTO: BLOOMBERG  -  689 words
    • 351 24 REUTERS London EUROZONE business growth was weaker than expected this month but firms increased staffing levels at the fastest rate in four years, suggesting that they were becoming increasingly optimistic, a survey showed on Thursday. Any signs of growth, alongside the survey showing
      REUTERS  -  351 words

  • LUXURY LIVING
    • 452 25  -  Current interior design trends to get you inspired for a home makeover. By Belinda Wan REDEFINE your home and recreate a living space that says sleek comfort. Get the lowdown on the hottest themes to consider. Industrial chic It can be retro yet stylish. Materials
      Photo courtesy of The Furniture Mall; Photo courtesy of XZQT  -  452 words
    • 371 26  -  Give your bedroom that touch of opulence without going over the top. By Cheryl Chia FEEL like royalty in your own home with quality pieces in the bedroom that add a touch of fine living without veering into the gaudy. For most,
      Photos courtesy of Meroni and Pure Interior.  -  371 words
    • 333 26  -  With the latest advancements, the bed has evolved to take centre stage in the home. By Hector Tan WITH the trend of smaller living spaces to cope with the demand for housing in land-scarce cities, more people are using their bedrooms as a central
      Photo courtesy of Tempur Singapore  -  333 words
    • 268 27  -  Add a classy touch to your abode with unusual pieces of wood furniture. By Hafiz Rasid SPRUCE up your home with a touch of chinoiserie design accents. Nanmu-Gallery offers a large collection of fine jinsi nanmu furniture, the same wood once used by the imperial
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    • 492 25 a m m M i i Kg i J, A ML ADVERTORIAL thefurnituremaU living as you like it 10TOH GUAN ROAD The Art of Luxe Living, As You Like DEFINE VDUR PERSONAL STYLE Transforming your living space into a blissful haven comes easy when you begin with an interior decor
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  • Page 26 Advertisements
    • 171 26 Commune IS www.lhecommunelire.com FLAGSHIP STORE 9 Raffles Boulevard #02-52 Millenia Walk Singapore *****6, Tel. *****823 Mon-Fri: 11.30AM-9PM Sat-Sun: 11AM-9PM DEFU OUTLET 28 Defu Lane 4 Defu Industrial Park Singapore *****4, Tel. *****086 Mon-Fri: 9AM-5.45PM Sat-Sun: 9AM-7PM PARAGON STORE 290 Orchard Hoad #04-50 Paragon Singapore *****9, Tel. *****789 Everyday: 10.30AM-9PM The
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  • Page 27 Advertisements
    • 339 27 t 0 0 J The Makings Of An Emperor jINSI NANMU It is known for its golden thread-like appearance under sunlight. Its fragrance keeps insects away, and it is regarded for its ability to prevent septic or infectious germ-causing organisms from spreading. At certain times, it was reserved for Imperial
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  • OPINION
    • 565 28 FIXED income assets are traditionally seen as staid, low-risk investments, a counterbalance against equity volatility. In recent years, Asian investors have embraced bonds. This is partly because the yields earned are typically much higher than the prevailing near-zero deposit rates, and partly
      565 words
    • 805 28  -  THE BOTTOM LINE By Paul Donovan T The writer is senior global economist at UBS. His latest book The Truth About Inflation was published by Routledge in April 2015 THE absence of a strong capital spending improvement has been one of the lamentable stories
      805 words
    • 1166 28  -  A new book on development trends in Johor and the Riau Islands offers insights into why the economies of the two regions have taken divergent courses. BY MANU BHASKARAN courses.BY MANU BHASKARAN T The writer is CEO of Centennial Asia Advisors MIRROR IMAGES IN
      1,166 words
    • 928 29  -  COMMENTARY By Sajjad Ashraf T The writer is an adjunct professor at the Lee Kuan Yew School of Public Policy, National University of Singapore. He was Pakistan’s high commissioner to Singapore in 2004-2008 CONSTRUCTION work has started, following the signing of more than
      928 words
    • 2026 29  -  Common sense needs to be applied to both practices to bring about enduring business performance.BY performance.BY MARK GOYDER, ONG BOON HWEE T Mark Goyder is CEO of Tomorrow’s Company Ong Boon Hwee is CEO of Stewardship Asia Centre
      PHOTO: AFP  -  2,026 words


  • TRANSPORT
    • 945 30 Carmakers are still sorting out which cars need to be included in the 34m vehicles to be recalled NYT New York WHEN millions of Americans woke up on Wednesday morning to go to work, many asked themselves a simple question:
      NYT; PHOTO: REUTERS  -  945 words
    • 610 30 BLOOMBERG Washington THE US government is taking steps that may change the way airlines vet employees for mental illness, a response to the downing of an airplane by a suicidal pilot in France two months ago. The Federal Aviation Administration has
      BLOOMBERG  -  610 words
    • 1930 31 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 KK JKT SUR TAIKLI 37 80 55 1/6 2/6 5/6 7/6 BRIGHT CORAL 1 60 6/6 8/6 10/6 MALAYSIA
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  • Page 30 Advertisements
    • 610 30 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
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  • Page 31 Advertisements
    • 106 31 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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  • Page 33 Advertisements
  • Page 33 Miscellaneous
    • 345 33 CRYPTIC CROSSWORD Across 1 Undercover family intended losing tail (11) 9 Emergency worker and cop crossing Madeira after crash (9) 10 Insect’s victim agonised to some extent (5) 11 NCO losing Post Office pen (6) 12 I have a partner that’s spoilt (8) 13 Label container for kid’s protection (6)
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  • BT Lifestyle
    • 1663 36  -  The niche works of indie film-makers are seldom shown outside of film festivals. At best, just a handful of cinephiles might catch them at one-off screenings that are usually held in obscure venues. But three local underground directors Tzang Merwyn Tong, Jeremiah Oh and Han Yew
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    • CITY LIFE
      • 773 32  -  Local watch brand moVas is fiercely proud to be Asian and strives to keep its luxury mechanical watches sensibly priced. BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT WATCH collectors can be a bit like football fans many are loyalists and stick fiercely to only what they like. Some
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      • CITY BUZZ BT writers’ picks of what to see, do or talk about
        • 173 32  -  By Helmi Yusof DANCE Swan Lake by St Petersburg Ballet RUSSIAN ballet companies have been making stops in Singapore in recent years the Bolshoi Ballet performed here in 2013 and the Mariinsky Ballet was here in 2011. Next Thursday, the St Petersburg Ballet will make its debut
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        • 218 32  -  CHARITY By Rachel Loi STILL looking for a way to donate to the Nepal relief effort? The Singapore Junior Chefs Club (SJCC, below) has come up with a way to do that do that, while satisfying your sweet tooth at the same time. The SJCC is
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        • 151 32  -  THEATRE By Helmi Yusof FOR lovers of avant garde theatre, there are few things more intriguing than a production by Cake Theatre. Its Decimal Point series, now famous for its bold, anything-goes experimentation, will have its eighth and final instalment (cast below) this Friday
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        • 199 32  - Boyzone BZ20 The Anniversary Tour CONCERT By Dylan Tan THE Backstreet Boys barely left town a fortnight ago but another boyband from the 1990s is already on its way here. Ronan Keating, Shane Lynch, Michael Graham and Keith Duffy better known as Boyzone warm up for their UK summer tour
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        • Article, Illustration
          112 32  -  CONCERT By Cheah Ui-Hoon SING’THEATRE is celebrating the 100th anniversary of Edith Piaf’s birth with a showcase of her classic hits. The 90-minute concert features theatre veterans Sebastian Tan and Lim Kay Siu, performers Linden Furnell and Robin Goh, and singers Rani Singam and Leandra Leandra
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        • 212 32  -  STORYTELLING By Avanti Nim IF you’re concerned about your children getting too attached to their (or your) smartphones for entertainment, here’s a way to let them sample the pleasures of a simpler time, without flashing graphics or shrill beeps. Kamini Ramachandran (below), founder of MoonShadow Stories and
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    • WINE/ARTS
      • 1080 33  -  Chateau Palmer regularly outperforms the Seconds, not just in quality but also in price. BY NK YONG CHATEAU Palmer distinguishes itself by refusing to behave like a proper Third Growth (1855 Bordeaux Classification). Firstly, its very name sounds more English than French.
        PHOTO: NK YONG  -  1,080 words
      • 695 33  -  THEATRE By Cheah Ui-Hoon uihoon@sph.com.sg UNIQUELY Singapore. That’s how theatre director Glen Goei describes the Dim Sum Dollies, as he racks his brains for similar “triple threat” musical cabarets on stages in the region and the UK. “It’s very rare to get this
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    • MUSIC/ARTS
      • 812 34  -  Olafur Arnalds explores the 19th-century composer’s music by using the recording process as an interpretive instrument. BY CHRISTOPHER LIM NEW ALBUMS instrument.BY CHRISTOPHER LIM limchris@sph.com.sg @ChrisLimBT THE last thing Olafur Arnalds listened to with his grandmother on her deathbed was a Chopin sonata. He can’t even remember which
        PHOTO: MERCURY CLASSICS, COPYRIGHT OF HEDINN EIRIKSSON  -  812 words
      • 685 34  -  By Avanti Nim avantin@sph.com.sg OF the many languages Laura Fygi has sung in, her native Dutch isn’t one of them. She said with a laugh: “Dutch isn’t really a language. It’s a throat disease. I prefer Roman languages because they have
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      • 620 34  -  CONCERT By Avanti Nim avantin@sph.com.sg WHEN she posted a video of herself singing on YouTube, Cameroon-born Irma Pany had absolutely no idea of the success that would follow. She says: “I was trying to send the song to one of my friends via e-mail,
        620 words
      • 519 34  -  MUSICAL By Cheah Ui-Hoon uihoon@sph.com.sg IF there is one musical with the legs to travel beyond the Singapore stage, it would be December Rains, says Toy Factory Productions’ artistic director Goh Boon Teck. He is not only re-stag-ing it the second time; he is
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    • CINEMA/ARTS
      • 618 35  -  The futuristic visions conjured by Disney movie Tomorrowland are spectacular. But the story’s another matter. BY HELMI YUSOF BY matter.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT WOULD you like to visit Tomorrowland? It’s a shiny metropolis of the future where every building looks like it’s been co-de-signed
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      • THEATRE
        • 659 35  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT LANGUAGE takes centre stage in the acclaimed family dramedy Tribes but not in the ways you expect. One of the children, Billy (Thomas Pang), is deaf. Mum, Dad (Susan Tordoff and Adrian Pang), brother (Gavin Yap) and sister (Frances Lee)
          659 words
        • 513 35  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT THE legacy of late drama doyen Kuo Pao Kun looms large in Q: Protagonists At The Edge. The new play by Intercultural Theatre Institute (ITI), a theatre school founded in 2000 by Kuo and T Sasitharan, begins
          PHOTO: BERNIE NG  -  513 words
      • 569 35  -  By Geoffrey Eu HAVING successfully taken the mickey out of female bridal parties (Bridesmaids, 2011) and buddy cop chicks (The Heat, 2013), writer-director Paul Feig now hits the C(omedy)-spot with Spy, a spoof about secret agents. Melissa McCarthy masquerades as an international woman of mystery
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