The Business Times, 25 May 2015

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Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    33 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 [3 D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 051/08/2014 Monday, May 25,2015
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  • Article, Illustration
    Lock icon DAILY DIGEST
    247 1 The greenback’s strong rise was a likely reason Singapore and other Asian investors were still unloading US stocks –though in much smaller amounts as 2015 kicked in, while their US counterparts continued to pile into foreign stocks.TOP STORIES 4 Golden Energy and Resources has secured a one-month extension
    247 words
  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 3,450.18 -12.92 KL COMP 1,787.50 -24.42 NIKKEI 225 20,264.41 +531.49 HANG SENG 27,992.83 +170.55 SHENZHEN B 1,555.34 +23.87 DOW 18,232.02 -40.54
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  • Article
    Lock icon Banks on charm offensive in Myanmar
    1077 1  -  Foreign lenders venturing into Asean’s “last frontier” expected to invest in and advise the fledgling market, and lift standards of local bank staff By Jamie Lee, Fiona Lam leejamie@sph.com.sg fionalam@sph.com.sg @JamieLeeBT Singapore FOREIGN banks venturing into Myanmar are expected to flex their muscles by
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  • Article
    Lock icon China stocks on a bull run, but for how long?
    826 1  -  There are signs the market may be overheating, which could mean volatility ahead By Virginie Mangin btworld@sph.com.sg Beijing FUELLED by implicit government support and incentives, China’s markets have been on a surge similar to the one in 2007 and which
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  • TOP STORIES
    • Article, Illustration
      Lock icon For foreign lenders, Myanmar is no zero-sum game
      1096 2  -  The international banks must partner one another to set up club loans that enable them to share the risk of borrowers’ default By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A FOREIGN bank setting up a branch in Yangon must take its first step
      Picture: ST file picture; BT Graphics: Fiona Lam & Airyn  -  1,096 words
    • Article
      Lock icon Investors glean insights on Reits at symposium
      639 2  -  By Prisca Ang prisang@sph.com.sg Singapore INVESTORS eyeing Real Estate Investment Trusts (Reits) should focus on diversifying their investment portfolio, investing on a regular basis, and gunning for long-term benefits, said Reit Association of Singapore (Reitas) CEO Sonny Tan. Singapore Reits give investors ex-
      639 words
    • Article
      Lock icon Even with rate hike on the horizon, stocks continue to defy gravity
      860 2  -  More gains likely this week as traders treat Yellen like the boy who cried wolf WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US STOCK investors are making hay while the sun shines, snapping up stocks that benefit from
      860 words
    • Article, Illustration
      Lock icon Munich Re embraces digitalisation as necessary to survive
      846 4  -  Global reinsurer has put together a team that is pushing the use of big data and data analytics By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore STRONG headwinds from rising margin pressures, historically low interest rates, a flood of competition, as well as the
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    • Article
      Lock icon S’pore investors still dumping US stocks
      776 4  -  Strong US$ makes US stocks unattractive for foreign investors By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE greenback was rising strongly. That is one of the likely reasons why Singaporean and other Asian investors were still unloading US stocks though in much smaller amounts
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      Lock icon Page 2 Advertisements Column 1
      137 2 CONSUMER ELECTRONICS UP TO 90% OFF! 29-31 MAY 2015 SUNTEC SINGAPORE LEVEL 4, HALLS 404-406 12-9PM CHECK OUT THESE EXCITING PRODUCTS AT CEE! Samsung S27D590C 27" Full HD Curved Screen Enjoy stunningly immersive viewing Discover amazing contrast from any angle Bring entertainment to life Give comfort to your eyes Fitbit
      137 words
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      1082 4 The Business Times NOTICES Toll free 1800-289-8822 Email noticestSsph.com.sg www.sphdass.com.sg/notices w HSH NORDBANK Incorporated in the Federal Republic of Germany Financial Accounts for the Year 2014 GROUP STATEMENT OF FINANCIAL POSITION as at 31 December 2014 m) ASSETS Cash reserve Loans and advances to banks Loans and advances to customers
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Traders should take multi-asset stance to tackle risks: Saxo
      1023 5  -  CEO reminds investors that while equities are hot now, it wasn’t very long ago that commodities were the rage. BY SIOW LI SEN TOPLINE BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT INVESTORS should take a multi-asset approach to diversify risks, said Kim
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    • Article
      Lock icon Should startups bother with corporate governance?
      858 6  -  As a company grows, effective governance processes do promote confidence among investors, key partners and employees.BY BY CHIN HOOI YEN T The writer is a member of the Professional Development Committee of the Singapore Institute of Directors IT IS safe to say that corporate
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    • Article, Illustration
      Lock icon Directors’ sales up sharply, purchases down
      1723 6  -  INSIDE MARKETS By Robert Halili T The writer is managing editor, Asia insider Limited BUYING fell while the selling among directors rose based on filings on the Singapore Exchange in the third week of May. A total of 15 companies recorded 24 purchases worth
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times index May 22,2015 3,450.18 -12.92 (-0.37%) Current streak 2 days Week high 3,459.57 Week low 3,439.68 52-week high 3,525.19 (Apr 17, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist index May 22,2015 719.38 +9.59 (+1.35%) Current streak 1 day Week high 719.38 Week
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    • Article, Illustration
      Lock icon As goes liquidity, so goes the market’s mojo
      687 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Urban Dictionary states that “mojo” was “originally a charm or a spell” but now “it’s more commonly said to mean sex appeal or talent”. The Cambridge Online Dictionary defines “mojo” as “the quality that attracts
      687 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index May 22,2015 828.90 -1.49 (-0.18%) Current streak 1 day Week high 830.09 Week low 826.54 52-week high 845.85 (Apr 17, 2015) 52-week low 766.44 (OCt 17, 2014)
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    • Article
      Lock icon STI STOCKS
      308 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 253 +3 255/247 271 219 5.8 6397.8 CapitaLand 365 +15 367/346 379 293 13.4 2.5 *****.6 CapitaMall Trust 220 +1 224/217 228 188.5 4.9 7633.4 CityDev 1040 +18 1043/1015 1095 915 12.5
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 409.6 1.5 *****/***** SPDR DJIA US$ ***** 265.9 1.1 *****/***** DBXT Vietnam US$ 2446 175.5 5.7 3100/2250 DBXT CSI300 US$ 1359 111.7 6.6 1359/623 DBXT iBoxxKR US$ ***** 71.8 0.3 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Luzhou Bio-Chem
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    • Article
      Lock icon LOSERS
      70 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 6100 -199.5 -2.4 6788/5700 GlobalTesting 135 -147.0 -52.1 290/100 JSH USD 3398 -135.6 -2.9 3810/3233 GLD US$ ***** -79.8 -0.5 *****/***** DBXT MSTHAI US$ 2071 -59.8 -2.1 2300/1886 BY PERCENTAGE CLOSE DOWN 52w high/low TIH W*****9 0.1 -75.0 -0.3 9/0.1 KepCorp
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Asian Micro 482.0 0.020 +0.006 +42.86 Luxking 780.0 0.027 +0.005 +22.73 Pan Asian 3,018.0 0.081 -0.014 -14.74 China Taisan 7,214.3 0.019 +0.003 +18.75 Yuuzoo 90,235.8 0.295 +0.070 +31.11 APAC Strategic 44,180.9 0.042 +0.011 +35.48 China Haida 508.0 0.015 -0.004 -21.05 Luzhou Bio-Chem 789.7 0.052 +0.008
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index May 22,2015 1,935.25 -14.24 (-0.73%) Current streak 1 day Week high 1,948.41 Week low 1,935.25 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 4 0 0 0 5 8 4 Manufacturing 89 51 28 16 12 14 105 63 42 Commerce 28 32 16 8 10 1 36 42 17 Tpt/Stor/Comms 12 21 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 79,388 79,388 417,201 417,201 Manufacturing 1,013,130 346,191 1,359,321 573,357 31,833 605,190 Commerce 1,035,336 394,571 1,429,907 278,359 17,852 296,211 Tpt/Stor/Comms 774,999 6,384 781,383 1,008,903 454 1,009,357 Finance 125,635 737 126,372 638,025 136 638,161 Construction 522,308 117,543
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    • Article
      Lock icon Prices mixed on rebounding US$ and supply jitters
      784 8 COMMODITIES AFP London COMMODITY markets diverged last week as traders balanced the strong dollar against supply concerns, while star performer cocoa hit sev-en-month peaks on output fears in key producer Ghana. “Commodities in general ended the week on the defensive, pressured by
      AFP  -  784 words
    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Digiland Intl 604,106,500 Global Logistic 426,973,500 SinoConstruction 388,634,100 StratechGroup 287,691,500 Yuuzoo 223,815,600 Market volume 9,731,932,000 VALUE Global Logistic 1,172,579,793 Singtel 406,766,635 Keppel Corp 289,577,165 CapitaLand 231,502,586 DBS Grp 184,658,966 Market value 6,368,401,000
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    • Article
      Lock icon SGX ETFS
      112 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US760 +21 1034 763/742 1000/696 760/762 95 UETF SSE50China 313 +18 550 313/289 318/140 310/312 97.8 STI ETF 349 -1 491 351/348 355/319 349/350 DBXT MSRussia US$ US228 +1 339 235/220 302/140
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    • Article
      Lock icon COMPANY MEETINGS
      137 8 COMPANY MEETING PLACE DATE TIME Nordic Group Ltd E 8 Wilkie Road #03-01 Wilkie Edge 27-May 2.00pm Jack Intl A 7500E Beach Rd 28-May 11,00am E #03-201 Tha Plaza 28-May 12.00pm China Taisan Tech A Seletar Main Club Lobby E Kingfisher I II Seletar Country club 29-May 10.00am
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 22 VALUE CLOSE BT OB/OS 15.00 +46.00 BT CADI -*****.00 +71.00 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 791.50 +1.56 FTSE ST Small Cap 498.95 +1.63 FTSE ST All Share 828.90 +2.36 FTSE ST China Top 216.68 +0.89 FTSE ST China 254.12 +1.43 FTSE
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    • Article
      Lock icon Kimchi losing its spice
      370 9  -  CURRENCIES By Kwah Wee Hong T The writer is a forex dealer at Phillip Futures. THE Korean economy had a poor start to the year as a result of weak external demand for its exports and a slow recovery in domestic demand activities. Contributing factors include
      370 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 May 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.964 4.899 0.708 6.128 50.209 103.923 0.955 8.622 2.834 1.072 80.548 35.217 1.051 9.328 0.737 24.026 26.399 0.504 0.791 Canada 1.038 5.084
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 May 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0507 1.0517 0.7902 0.7908 Canadian dollar 1.0906 1.0912 0.8205 0.8202 Euro 1.4850 1.4854 1.1168 1.1169 NZ dollar 0.9805 0.9808 0.7374 0.7375 Sterling pound 2.0843 2.0850 1.5675 1.5678
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 May 22 S$ Bid Offer 1-month 1.3302 1.3307 2-months 1.3308 1.3311 3-months 1.3314 1.3320 6-months 1.3331 1.3339 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 9 May 22 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.11 *****.95 *****.11 May15 *****.00 *****.00 *****.50 *****.50 *****8 *****6 Jun15 *****.50 *****.00 *****.00 *****.00 ***** *****6 NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.31 *****.84 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****3 Sep15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        203 9 Most active May 22 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.3 0.1 ***** 1 0 3 Rowsley Ltd W*****3 3.4 0.3 ***** 1 18 17 SingTel MB eCW*****3 6.6 -0.8 ***** 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr May 22 Index Change Change Change Change Change Change World Preliminary 1367.2 -0.1 7.2 -0.4 6.4 -0.4 5.5 EAFE Preliminary 1114.4 0.0 12.9 -0.7 10.0 -0.7 9.0 Europe Preliminary 1558.9 0.0 12.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 May 22 $S Offer Bid 0vernight 0.10 0.05 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.10 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon SIBOR
        36 9 May 22 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.‘ Thamson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 May 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.56 102.58 102.58 5-Year N*****0H 1.625 01-Oct-19 100.05 100.15 100.10 10-Year NY*****H 3.000 01-Sep-24 105.51 105.50 105.25 15-Year NY*****E 2.875 01-Jul-29 102.35 102.05 101.90 20-Year NZ*****V 3.375 01-Sep-33 107.7
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 May-22 Price Net change change Last Trade Agricultural May-22 CBOT Soybeans (US cents/bu) 924.25 -14.25 -1.52% 14/07/2015 CBOT Soybean Oil (US cents/lb) 31.64 -0.61 -1.89% 14/07/2015 CBOT Wheat (US cents/bu) 515.25 -6.75 -1.29% 14/07/2014 May-22 LIFFE Cocoa (£/tonne) 2112.00 16.00 0.76% 16/07/2015 LIFFE Coffee (US$/tonne) 1589.00 -55.00 -3.35%
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      • Article
        Lock icon PALM OIL
        57 9 May 22 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 15 2147.0 2132.0 2147.0 2125.0 404 3460 Jul 15 2155.0 2138.0 2157.0 2129.0 7207 ***** Aug 15 2150.0 2135.0 2156.0 2127.0 ***** ***** Sep 15 2153.0 2139.0
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    • Article
      Lock icon Golden Energy gets 1-month extension of placement period
      280 10 Company intends to place out 226.5m new ordinary shares; says it needs more time to complete book building process in order to comply with SGX-ST listing rules Singapore GOLDEN Energy and Resources has secured a one-month extension of the placement period needed
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    • Article, Illustration
      Lock icon OCBC staff attend ‘speed networking’ session
      304 10 35 of its Gen Y employees get to mingle and learn from senior leaders in non-traditional setting Singapore OCBC held a “speed networking” session on Friday for 35 of its Gen Y employees to mingle and learn from senior leaders in a non-traditional setting.
      PHOTO: OCBC  -  304 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2015 10 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Intl by 0.130 07-May 11-May 25-May 13-Apr 8Telecom Intl bn 0.130 07-May 11-May 25-May 13-Apr ABR Hldgs ak 1.500 06-May 08-May 28-May 10-Apr Accordia Golf Tr aj 5.710 02-Jun 04-Jun 15-Jun 19-May Acendas India Trust ak 2.460
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    • Article
      Lock icon PRIME LENDING RATES
      249 10 May 22 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd ANZ Singapore ...5.50 Bank of Communications 5.50 ...6.00 Bank of China Limited Bank of Taiwan Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque Internationale a Bank of
      249 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1455 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Accordia Golf Trt 1.00 1.00 1 0.06 12.96 1.02 0.79 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 12.82 1.69 1.50 Amtek Engineering 1.00 1.00 1
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      32 5 8k fftf. w Ks >> ■yi >xx ■i’ i#3&$ m i»i y. JJ mm i .y m -i X N v V .j x ftrtaiftzl PRADA EYEWEAR Ethan Hawke New York, November 2014
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  • Page 6 Advertisements
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      315 6 Cammunichsia2015 2-5 JUNE2015 BASEMENT 2, LEVEL 1 3 MARINA BAY SANDS, SINGAPORE THE WORLD WITHIN REACH THE SHOW OPENS NEXT WEEK! Join us at Asia's largest info-communications technology event. www.CommunicAsia.com i Witness innovative products and solutions 3D Printing loT/M2M 5G/4G/LTE NFV/SDN Augmented Reality Oil BSS/OSS Smart Cities Cloud Smart Home
      315 words
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  • Page 9 Advertisements
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      165 9 Trade NDFs Online with Phillip Futures An Asian Financial House with a Global Reach -i.t k^i 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 PhillipCapital Your Partner In Finance This advertisement is for general information only and does not constitute a recommendation, offer or
      165 words
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  • REAL ESTATE
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      351 11 INVEST TAPAN INVEST IN JAPAN NOW TO RIDE ON ITS ECONOMIC RECOVERY! Supported by a strong re-election mandate the Japanese government has accelerated its efforts through the 3 Arrows of Abenomics to further stimulate growth and spur the Japan economy back to sustained recovery. Recent media reports have rekindled confidence
      351 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon GETTING CONNECTED
      3616 12 THIS WEEK’S TOPIC What economic and/or business impact do you see in the proposed Singapore-Kuala Lumpur high-speed rail? Peter Hoad Singapore Office Leader Arup THE Singapore-Kuala Lumpur high-speed rail is more than just trains going faster, or another mode of transport. Having been involved in high-speed rail projects
      FILE PHOTO  -  3,616 words
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      1956 13 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 Bankof America CONSOLIDATED BALANCE SHEET (US Dollar amounts in Millions) December 31 CONSOLIDATED STATEMENT OF INCOME (US Dollar amounts in Millions) December 31 2014 2013 Interest Income Deposits of non-bank customers,
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Showing discipline when investing
      2491 14  -  Gambling-related psychological tendencies can cause investors to take excessive risk MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT MANY months ago, I talked to a young man who was sharing his experiences trading foreign exchange. It was quite the cautionary tale. He was 19 years old then
      2,491 words
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      105 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • BANKING & FINANCE
    • Article
      Lock icon Banks bypass Fed rules to fund non-bank lending
      1191 15 High-yield credit moving to less-supervised loan funds, which get some money from Wall Street banks BLOOMBERG New York REGULATORS’ efforts to rein in Wall Street’s biggest banks are in danger of backfiring. Guidelines aimed at strengthening lending standards are shifting the market
      BLOOMBERG  -  1,191 words
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      2511 15 The Business Times Ik 1 1 Toll free 1800-289-8822 I I Email noticesgsph.com. sg J V www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 SIN HIN LEE INVESTMENT (PRIVATE) LIMITED (COMPANY REGISTRATION NO.: *****2545R) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company duly held at
      2,511 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Saudi’s new refining might gives it an edge in Opec
      631 16 It has stakes in more than 5m bpd of refining capacity, landing it a place among global oil products leaders REUTERS London SAUDI Arabia’s rapid transition into one of the world’s largest oil refiners adds an extra dimension to the
      REUTERS; PHOTO: BLOOMBERG  -  631 words
    • Article
      Lock icon Gulf producers expected to resist output cuts at Opec meeting
      666 16 AFP Kuwait City GULF oil producers, led by Saudi Arabia, will resist attempts to cut output at an Organisation of Petroleum Exporting Countries (Opec) meeting next month as preserving market share remains their top priority, industry analysts said. A decision
      AFP  -  666 words
    • Article
      Lock icon HK makes bold pitch for China’s commodity trade
      586 16  -  By Clyde Russell REUTERS Hong Kong IMAGINE a world where global investors can access Chinese commodities markets through established global exchanges and Chinese investors can trade through their local bourses. It’s more than just an attractive proposition, it’s the great hope for
      REUTERS  -  586 words
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      1348 16 CHANG HWA COMMERCIAL BANK, LTD. HEAD OFFICE: TAIWAN R.O.C. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2014 AND 2013 (In Thousands of New Taiwan Dollars,) Dec 31, 2013 Dec 31, 2014 ASSETS Cash and cash equivalents 39,586,197 46,802,014 Due from the Central Bank and call loans to
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Has Google peaked in dominance?
      802 17 Its prospects are less rosy in a tech landscape rapidly shifting to mobile devices, social media, say pundits AFP Washington AS Google faces an antitrust probe from European regulators, some analysts are questioning whether the California tech giant’s dominance has already peaked. While Google remains
      AFP; PHOTO: REUTERS  -  802 words
    • Article
      Lock icon HP China unit sells 51% stake to Tsinghua University arm
      684 17 BLOOMBERG Hong Kong HEWLETT-PACKARD Co has given up control of its US$4.5 billion Chinese unit to try to change its fortunes after acknowledging twice this year that the performance of the business has been “disappointing”. Hewlett-Packard rallied 5.1 per cent
      BLOOMBERG  -  684 words
    • Article, Illustration
      Lock icon Young Saudis find freedom in social media
      1043 18 They are increasingly relying on technology to express and entertain themselves NYT Riyadh LIFE for many young Saudis is an ecosystem of apps. Lacking free speech, they debate on Twitter. Since they cannot flirt at the mall, they do it on WhatsApp and
      NYT; FILE PHOTO  -  1,043 words
    • Article
      Lock icon China’s Apus app developer targets 300m users
      379 18 BLOOMBERG Hong Kong BARELY a year after Apus debuted for Android smartphones, the Chinese company that developed the popular app organiser is hoping for user numbers resembling those of Twitter Inc and Facebook Inc. The Beijing-based company believes the additions of a browser
      BLOOMBERG  -  379 words
    • Article
      Lock icon Blackberry to lay off unspecified number of workers worldwide
      225 18 AFP Montreal BLACKBERRY is laying off an unspecified number of workers around the world as the struggling smartphone manufacturer tries to make its device business profitable. The Canadian company, based in Waterloo, Ontario, said that the cuts will impact those working
      AFP  -  225 words
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      1033 17 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices BID 1856 BANQUE INTERNATIONALE A LUXEMBOURG Head Office: 69 route d’Esch, L-2953 Luxembourg Singapore Branch: 9 Raffles Place, #29-01, Republic Plaza, Singapore *****9 Balance Sheet As at December 31, 2014 ASSETS Cash and balances with central banks Loans and advances
      1,033 words
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      939 18 The Royal Bank of Scotland plc Registered office: 36 St Andrew Square, Edinburgh EH2 2YB Singapore Branch: Level 23, One Raffles Quay, South Tower, Singapore *****3 Consolidated income statement for the year ended 31 December 2014 2014 2013 £m £m Interest receivable 12,805 14,151 Interest payable (3,939) (5,521) Net interest
      939 words
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  • CONSUMER
    • Article
      Lock icon Bird flu spreads across US, causes egg shortage
      931 19 Food companies are either importing eggs from overseas or using alternatives such as plant-based egg substitutes REUTERS Chicago AS a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps importing eggs from
      REUTERS  -  931 words
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      Lock icon Small food makers pave own way to big stores
      925 19 REUTERS New York SMALL food manufacturers in the US once toiled for decades to develop a critical mass of fans for their products. Now, an increasing number of privately-held players are going from garage to grocery store in fewer than five
      REUTERS; PHOTO: REUTERS  -  925 words
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      649 19 RBS N.V. Registered office: Gustav Mahlerlaan 350, 1082 ME Amsterdam, The Netherlands Singapore Branch: Level 23, One Raffles Quay, South Tower, Singapore *****3 Consolidated income statement for the year ended 31 December 2014 Interest receivable Interest payable Net interest income 2014 2013 €m €m 532 768 (345) 187 238 158
      649 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon British govt ministers to have pay frozen another 5 years: Cameron
      836 20 Separately, Labour Party drops opposition to holding a referendum on Britain’s membership of the EU REUTERS BLOOMBERG London BRITISH government ministers will have their pay frozen for another five years as the government tries to reduce the budget deficit,
      REUTERS; BLOOMBERG; PHOTO: AFP  -  836 words
    • Article
      Lock icon Greece urges creditors to compromise as IMF payment date nears
      461 20 BLOOMBERG Athens GREECE has urged the country’s creditors to compromise on demands to break an impasse over the release of funds for its cash-strapped economy, as a deadline looms for payments due next month to the International Monetary Fund (IMF).
      BLOOMBERG  -  461 words
    • Article
      Lock icon Australia to introduce new counter-terrorism laws
      273 20 AFP Sydney AUSTRALIA is set to introduce new counter-terrorism laws, Prime Minister Tony Abbott said on Sunday, with the package expected to include stripping dual nationals who are linked to terrorism of their citizenship. There has also been speculation that the plan to amend
      AFP  -  273 words
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      Lock icon New law could worsen Japan’s long working hours
      817 21 Bill exempts employees earning over 10.75 million yen a year from work-hour rules AFP Tokyo JAPAN’S push to take away overtime from high-paid workers has critics warning that it will aggravate a problem synonymous with the country’s notoriously long working hours karoshi,
      AFP; PHOTO: AFP  -  817 words
    • Article
      Lock icon BOE confirms Brexit project after e-mail mistake
      427 21 REUTERS London THE Bank of England (BOE) plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an e-mail that it inadvertently sent to a newspaper about the supposedly confidential research project. The
      REUTERS  -  427 words
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      38 20 SINGAPORE BL G AWARDS m jp m. sp m 2 0 15 Double tap on their photos? Now vote for them! FAVOURITE CELEBRITY fcj r Nowon till 8 Jun NOW VOTE FOR THEM! a sgblogawards.omy.sg Organiser y www.omy.sg
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      274 20 and Interest rates rises have historically caused volatility in capital, investment and asset markets. How will equities, bonds, commodities and currencies react to this upcoming interest rate rise? Will HK H shares and China A shares continue to soar? How will higher interest rates affect the AH premium equilibrium? byGabriel
      274 words
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      52 20 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
      52 words
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      41 20 V. $10,000 f DJ GUESSING GAME GUESS WHO'LL BE JOINING ANDRE HOEDEN ON ONE FM’S #1 BREAKFAST SHOW IN JULY! To WIN! GET IT RIGHT ONE FM'S #1 BREAKFAST SHOW COULD BE CALLING YOU WITH CASH! Wi fecebook.com/onefmsg 0 @onefmsg www.onefm.sg
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      803 21 The Business Times leads the way towards improving sustainability Various issues concerning sustainability in business and the economy were discussed by a distinguished panel of business and government leaders at The Business Times Leadership Conference 2015. The event was jointly organised by The Netherlands Embassy and The Business Times, and
      803 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Aircraft makers banking on new LEAP engine
      730 22 Engines for B737 MAX and A320neo made by CFM International promise 15-20 per cent fuel savings AFP Paris IF there’s one key selling point that aerospace giants Airbus and Boeing have both been using in marketing their new aircraft, it is fuel efficiency.
      AFP; PHOTO: BLOOMBERG  -  730 words
    • Article
      Lock icon FAA gives all clear for new data, e-mail system to relay changes in flight plans
      596 22 WP Washington THE scratchy and time-consuming radio transmissions that pilots use to communicate route changes before taking off from airports may soon be a thing of the past for some airlines. The Federal Aviation Administration
      WP  -  596 words
    • Article
      Lock icon More investment in Australia’s transport or risk gridlock: report
      294 22 AFP Sydney AUSTRALIA must pour more money into transport systems or risk gridlock in its biggest cities costing more than A$53 billion (S$55.44 billion) a year, an infrastructure audit has found. Road congestion across its six largest cities, particularly in Sydney,
      AFP  -  294 words
    • Article
      Lock icon SHIPPING TIMES
      1929 23 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
      1,929 words
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      39 22 THE GREAT DIGITAL SALE $1.50 FATHER’S DAY SPECIAL buys you and Dad a digital treat! JUST$36AYEARFORANY2MAGAZINES! ONLY $1.50 PER DIGITAL ISSUE (USUAL: $5 $6.90) SubscribeNow! www.sphmagazines.com.sg/fathersday Offer valid till June 30. Available for iOS or Android tablets and smartphones
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      271 22 Investors have to equip themselves with the knowledge on stocks investment before they start off their investment journey. Most importantly, having the right investing mindset is essential for every successful investor. Investing without the complete knowledge will result in unprofitable investments thus financial losses. Show Me the Money writes about
      271 words
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      161 22 > printpack+sign 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo Convention Centre, Level 1, Hall B BUY&WIN Simply visit PrintPack+Sign from 29-31 July and make a purchase (no min. value) before 31 Dec 2015 Pink Bri iante Eterno Worth $30 180 S III r Stand a chance to win
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      20 22 LIFEHACKS FOR EVERY GUY THIS FATHER’S DAY ISSUE! From looking younger to fitness plans, there’s something for every dad! MENSHEALTH.COM.SG
      20 words
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      104 23 Experienced Stl/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THEBLSINRSSTI.MtS SHIPPING TIMES Make A Splash In The Maritime World Via itime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
      104 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Sweden pips Russia in Eurovision pop fest nail-biter
      774 24 Mans Zelmerlow wins 365 points from voters and juries in 40 countries, while Polina Gagarina scores 303 points AFP Vienna SWEDEN narrowly beat Russia on Sunday in a nail-biting 60th edition of the Eurovision Song Contest, winning its sixth crown in Europe’s
      AFP; PHOTOS: AFP, REUTERS  -  774 words
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      Lock icon Ireland celebrates after huge ‘yes’ to gay marriage
      410 24 AFP Dublin IRELAND on Sunday celebrated a historic referendum approving gay marriage, as the once all-powerful Catholic Church reflected on the need for a “reality check” to keep in touch with changing times. Jubilant “Yes” supporters partied into the night after final
      AFP; PHOTO: AFP  -  410 words
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      Lock icon Rosberg in Monaco F1 hat-trick after Hamilton’s pit-stop fiasco
      399 24 AFP Monaco NICO Rosberg took full advantage of one of Formula One’s (F1) greatest tactical errors on Sunday to land an unexpected victory and become only the fourth man to claim a hat-trick of consecutive wins in the Monaco Grand Prix.
      AFP; PHOTO: AFP  -  399 words
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      Lock icon British designer Gavin Munro growing trees into furniture
      514 24 AFP Wirksworth DEEP in the English countryside, there’s a bizarre sight: rows of trees being grown into up-side-down chairs, slowly taking shape over years of careful nurturing. Around 150 armchairs, 100 lampshades and other items including mirror frames are being grown out
      AFP; PHOTO: AFP  -  514 words
  • Page 24 Miscellaneous
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      354 24 CRYPTIC CROSSWORD Across 1 Bit of food all mixed up with sour herb inside (7,4) 8 Critical factor put off worker pit almost falling in (11) 11 Way to see English being knocked out in defeat (4) 12 Water that’s brown spreading across river (4) 13 One struggling to establish
      354 words
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  • DINING OUT
    • Article, Illustration
      Lock icon A lot of upside going for Osteria Art
      1195 25  -  Its location in the financial district makes it an ideal place for corporate suits to hold a power lunch and talk business. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Osteria Art 55 Market Street, #01-01 Tel: 6877 6933 Open
      PHOTOS: YEN MENG JIIN  -  1,195 words
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      63 25 Our App cannot tell you how fast you ran, but we certainly can bring you up to speed in no time. DOWNLOAD THE ALL-NEW ASIAONE APP All the top publications in one FREE app. The newAsiaOne mobile app gives you instant access to the latest news, interesting lifestyle features and
      63 words
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      315 26 READY, GET SET, LET’S CELEBRATE. Performance Motors Limited As our nation turns 50, we’re marking this historic moment with a special SG50 edition of BMW Performance Fest. Enjoy celebrator y rates on all our BMW models, including the BMW 4 Series and BMW X models. Whether you’re after showstopping beauty,
      315 words