The Business Times, 1 April 2016

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Microfilm: NL33828
Total Pages: 48
1 14 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Friday, April 1, 2016
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  • Article
    Lock icon DAILY DIGEST
    170 1 Boards of directors must take the lead in creating a culture of risk awareness to protect their companies from being blind-sided. TOP STORIES 2 Singapore tech “unicorn” Garena raises US$170 million in Series D funding led by Khazanah Nasional Bhd. TOP STORIES 3 Despite slower growth in China,
    170 words
  • Article, Illustration
    Lock icon Supply chain YCH’s Robert Yap bags top business award
    674 1  -  Other SBA winners are DBS Group’s CEO, Carrefour Indonesia’s boss and the Jumbo Group By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore BUSINESS leaders who stayed ahead of the curve and took chances to chart their companies’ transformational growth were honoured at Thursday
    PHOTO: YEN MENG JIIN  -  674 words
  • Article
    Lock icon MARKETS
    27 1 Thursday Change STI 2,840.90 -31.88 KL COMP 1,717.58 -0.24 NIKKEI 225 16,758.67 -120.29 HANG SENG 20,776.70 -26.69 SHENZHEN B 1,144.26 +2.04 DOW (11.45AM EDT) 17,729.78 +13.12
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  • Article
    Lock icon Moody’s downgrades ratings outlook for Singapore banks to negative
    912 1  -  It expects challenging environment to pressure asset quality and profitability, but adds that the banks have strong capital and provisioning buffers By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A TOUCH of gloom has descended on Singapore’s banking sector, with Moody’s Investors Service
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  • TOP STORIES
    • Article, Illustration
      Lock icon Top execs urge boards to build strong risk culture
      664 2  -  SingTel, DBS take top spots in regional corporate governance assessment By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore BOARDS of directors must take the lead in creating a culture of risk awareness to protect their companies from events that hit on their blind
      Source: NUS Centre for Governance, Institutions and Organisations  -  664 words
    • Article, Illustration
      Lock icon Not quite the right priority
      513 2  -  COMMENTARY By Kelly Tay kellytay@sph.com.sg @KellyTayBT MORE proof that Singaporeans can’t be trusted to be gracious of their own accord: priority queue stickers in MRT stations. First, the facts. On Thursday, the Land Transport Authority (LTA) announced that it will implement priority queues at all
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    • Article
      Lock icon ‘Unicorn’ Garena bags US$170m in Series D funding
      460 3  -  The funding round led by Khazanah will go into developing its digital content, e-commerce and payments business By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE tech “unicorn” Garena has raised US$170 million in Series D funding led by Khazanah Nasional Bhd, the strategic
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    • Article
      Lock icon Over half of consumption growth in S’pore to come from those over 60: think-tank
      435 3  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THOSE above 60 years old will account for over half of consumption growth in Singapore from 2015 to 2030, suggesting that firms should focus on designing products and services for
      435 words
    • Article, Illustration
      Lock icon UOB: No letup in investment flows from China into S-E Asia
      678 4  -  Yuan deposits into the bank have doubled over the last year, driven by its China clients’ expansion into S-E Asia By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore DESPITE slower growth in China, Chinese companies are continuing to invest in
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    • Article
      Lock icon A steep slide for US dollar after it ‘peaks’
      692 4  -  By Neil Behrmann btworld@sph.com.sg London JANET Yellen has given notice that the US dollar has peaked. Even before the US Federal Reserve chair indicated firmly in her speech this week that the current US and global economic environment did not warrant
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    • Article
      Lock icon German firm TUV SUD opens digital service centre in S’pore
      272 4  -  By Renald Yeo yrenald@sph.com.sg Singapore GERMAN testing, certification and inspection firm TUV SUD on Thursday launched its Digital Service Centre of Excellence (CoE) in Singapore, and expects to invest some S$40 million here over the next three years. Established with
      272 words
    • Article
      Lock icon MAS seeking data from 40 banks in money laundering probe: report
      321 4  -  By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE Monetary Authority of Singapore (MAS) is asking a few financial institutions to cooperate in its probe into possible money-laundering and other offences, some of which may involve beleaguered Malaysian state investment company
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    • Article
      Lock icon Nazir Razak ‘disbursed US$7m cash to BN politicians ahead of 2013 GE’
      692 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur WELL-KNOWN Malaysian banker Nazir Razak has found himself enmeshed in the 1MDB scandal following a report that he made political disbursements of nearly US$7 million at the behest of his brother, Prime
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    • Article, Illustration
      Lock icon Abe sets sights higher for Japan’s tourism arrivals and spending
      703 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo PRIME Minister Shinzo Abe has again doubled the target for the number of inbound tourists that Japan should aim to attract, even as the number of visitors from Asia, especially continues to climb and tourism
      PHOTO: REUTERS  -  703 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      217 2 Goods and Services ax (GST1S U O r d 2 n b 13 14 April 2016 Orchard Hotel Join us at our upcoming seminar on 13 and 14 April 2016 at Orchard Hotel to get a comprehensive understanding of the fundamentals of GST rules and updates on the recent changes.
      217 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      16 3 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      130 3 i V2 J A HOME IN THE HEART OF INNOVATION From 1 April 2016, Citadines Fusionopolis Singapore is set to take the stage in one-north business park. This apart'hotel, managed by The Ascott Limited, offers modern loft-styled apartments with fully-equipped kitchens. It is the perfect retreat for savvy travellers on
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  • COMPANIES & MARKETS
    • Article
      Lock icon Near-term silver lining for property stocks
      958 6  -  HOCK LOCK SIEW BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT ALTHOUGH Budget 2016 offered no relief for developers wishing for a tweaking of property cooling measures, there are still potential near-term catalysts for property stocks. Many developers are looking to restructure their residential property portfolio through
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    • Article, Illustration
      Lock icon SingPost names Heidrick & Struggles for corporate governance review
      550 6  - SingPost names Heidrick Struggles for corporate governance review By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE Post (SingPost) has appointed Heidrick Struggles (H&S) to be the independent consultancy to undertake its corporate governance review which is to be ready by July this year. In addition, a special audit into SingPost’s corporate
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    • Article
      Lock icon CDL looks to overseas markets, funds mgt
      777 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CITY Developments Limited (CDL) is banking on a two-pronged approach of growing overseas markets and funds management platforms to mitigate the continued tepidity of the Singapore property market. Group chairman Kwek Leng Beng shared in CDL’s annual
      777 words
    • Article
      Lock icon Chiyoda seals subsea JV with Ezra
      825 7  -  Joint-venture go-ahead will elevate international standing of Ezra’s subsea business, says the company’s group chief executive By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore JAPAN’S leading oilfield services contracting group, Chiyoda Corporation, sealed its 50 per cent acquisition of Ezra Holdings’ subsea business unit, Emas
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    • Article
      Lock icon Singtel in consortium to build Perth-S’pore cable link
      281 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGTEL, SubPartners, and Telstra on Thursday said they have signed a memorandum of understanding to build a new international submarine cable, called APX-West, connecting Perth and Singapore. The new APX-West submarine cable is expected to begin
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index March 31,2016 2,840.90 -31.88 (-1.11%) Current streak 1 day Day high 2,855.45 Day low 2,831.11 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index March 31,2016 457.77 -2.77 (-0.60%) Current streak 1 day Day high 460.90 Day low
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    • Article, Illustration
      Lock icon STI slides with oil on Q1’s final trading day
      737 8  -  Brent crude had traded below US$39 for most of the day; the blue chip that bucked the downtrend was SGX, which rose 5 cts STOCKS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT THE positive Wednesday vibes from US Federal Reserve chair Janet Yellen’s
      Source: Bloomberg  -  737 words
    • Article
      Lock icon STI STOCKS
      316 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 -2 241/236 271 209 6.1 6277.9 CapitaCom Trust 147 -3 148.5/145.5 179 122.5 5.9 4344.3 CapitaLand 307 cd -4 309/305 379 267 12.3 2.9 *****.9 CapitaMall Trust 209 -3 212/206 228
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Cedar Strategic 535,156,800 Spackman 194,013,800 LionGold 144,162,600 Yuuzoo 113,667,400 MFS Tech 100,989,000 Market volume 2,699,570,000 VALUE Singtel 104,633,919 OCBC Bank 91,237,075 DBS Grp 74,170,873 JMH USD 67,618,604 UOB 63,191,036 Market value 1,349,163,000
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    • Article
      Lock icon SGX ETFs
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US670 +6 377 670/666 819/575 666/670 83.8 ABF SG Bond ETF 119 +1.5 276 119/117.8 119/110.2 119/-543.2 STI ETF 286 -2 245 287/284 355/254 285/286 DBXT MSRussia US$ US185 cd 221 187/184
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 31 VALUE CLOSE BT OB/OS 10.00 -85.00 BT CADI -*****.00 -70.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 686.22 -6.33 FTSE ST Small Cap 398.60 -1.97 FTSE ST All Share 694.54 -5.73 FTSE ST China Top 164.12 -1.78 FTSE ST China 193.10 -2.96 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index March 31,2016 694.54 -5.73 (-0.82%) Current streak 1 day Day high 696.98 Day low 692.78 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index March 30,2016 1,660.68 +31.05 (+1.91%) Current streak 1 day Day high 1,663.45 Day low 1,639.14 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 1 0 1 0 7 8 1 Manufacturing 32 43 29 4 11 11 36 54 40 Commerce 18 24 13 2 4 6 20 28 19 Tpt/Stor/Comms 8 19 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,006 1,316 24,322 75,639 288 75,927 Manufacturing 202,702 763,294 965,996 109,567 4,061 113,628 Commerce 149,094 51,750 200,844 151,526 1,251 152,777 Tpt/Stor/Comms 116,443 2,869 119,312 245,812 247 246,059 Finance 27,965 7 27,972 263,271 1 263,272 Construction
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE MFS Tech 100,989.0 0.025 -0.086 -77.48 SUTL Enterprise 106.3 0.420 +0.065 +18.31 P99 820.3 0.043 -0.007 -14.00 AP Oil 1,040.2 0.265 +0.025 +10.42 LionGold 144,162.6 0.004 +0.001 +33.33 3Cnergy 5.0 0.095 +0.007 +7.96 Yuuzoo 113,667.4 0.230 +0.033 +16.75 AsiaMedic 2,691.1 0.076 +0.007 +10.15 Lion Asiapac
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 331.9 1.2 *****/***** DBXT MSKorea US$ 5415 139.0 1.9 6246/4478 JMH USD 5708 116.0 1.5 6329/4500 DBXT MSAsExJp US$ 3228 91.8 2.2 4064/2772 DBXT E50 US$ 4435 89.1 1.5 5300/3968 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2 100.0
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    • Article
      Lock icon LOSERS
      70 8 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 4003 -87.0 -2.1 4258/2636 GLD US$ ***** -71.5 -0.4 *****/***** Isetan 380 -20.0 -5.0 472/320 UOB 1887 -18.0 -0.9 2505/1680 DBXT Vietnam US$ 2178 -14.8 -0.5 2786/2017 BY PERCENTAGE CLOSE DOWN 52w high/low MFS Tech 2.5 -77.5 -8.6 14/0.5 Infinio 0.1
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    • BROKERS’ TAKE
      • Article
        Lock icon StarHub | Buy
        184 8 StarHub Buy Target price: S$3.80 March 31 close: S$3.35 OCBC Investment Research, March 31 Post its Q4 FY15 results announcement on Feb 16 and our downgrade to “hold”, StarHub saw its share price tumble by nearly 14 per cent from S$3.80 to an intraday low of S$3.28 on March 11;
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      • Article
        Lock icon Singapore plantations Overweight
        158 8 UOB Kay Hian Research, March 31 Crude palm oil (CPO) prices are finally trending upwards as expected. Year to date, CPO spot prices rose by about 21 per cent to RM2,670 per tonne as at March 29, 2016, the highest since end-April 2014. CPO prices began to
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      • Article
        Lock icon Super Group | Reduce
        152 8  - Super Group Reduce Compiled by Kenneth Lim CIMB Research, March 30 We downgrade Super from “add” to “reduce”, as the share price has done very well post-results. We believe that the positives have been well reflected in share price. Recovery is based on stabilisation of the branded consumer business and
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    • Article
      Lock icon CALENDAR
      15 8 DATA IApril 1 S’pore private residential property price index flash estimates US unemployment rate
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    • Article
      Lock icon Biggest quarterly loss in 5.5 years for US$ tracker
      425 9 CURRENCIES BLOOMBERG London A GAUGE of the US dollar headed for its biggest quarterly decline in 5.5 years on Thursday after dovish comments from Federal Reserve chairwoman Janet Yellen this week spurred a rally in stocks and high-er-yielding assets. The Bloomberg
      BLOOMBERG  -  425 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 4.942 0.674 5.925 50.610 101.419 0.859 8.732 2.995 1.108 80.024 35.183 1.031 11.397 0.737 24.612 26.912 0.533 0.764 Canada 1.008 4.980
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0307 1.0314 0.7639 0.7643 Canadian dollar 1.0389 1.0393 0.7701 0.7699 Euro 1.5304 1.5307 1.1342 1.1343 NZ dollar 0.9302 0.9309 0.6894 0.6898 Sterling pound 1.9350 1.9359 1.4341 1.4345
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 31 S$ Bid Offer 1-month 1.3494 1.3497 2-months 1.3498 1.3502 3-months 1.3501 1.3505 6-months 1.3510 1.3517 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 9 Most active Mar 31 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 12.5 -0.7 6280 0.1 1480 4 UOB MB eCW*****4 6 -0.4 4027 0.1 2030 4 STI 2900 MB eCW*****0 5.8 -0.7 4000 0.0 3
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 30 Index Change Change Change Change Change Change World Preliminary 1249.9 0.5 -2.2 -0.3 -5.5 1.0 -0.6 EAFE Preliminary 945.8 0.6 -6.7 0.6 -8.0 1.9 -3.2 Europe Preliminary 1345.3 1.4 -4.8
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        396 9 Mar 31 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9740.00 9767.50 9565.00 9600.00 *****6 *****7 May16 9670.00 9710.00 9510.00 9587.50 3231 196 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep16 *****.00 *****.00 *****.00 *****.00 144 621 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 31 $S Offer Bid 0vernight 0.35 0.25 1-month 0.7500 0.6250 2-months 1.0000 0.8750 3-months 1.0625 0.9375 Overnight mode: 0.08 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 1.05 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Mar 31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.5 01-Apr-18 99.39 99.45 99.36 5-Year NX*****X 2.250 01-Jun-21 103.95 104.10 103.65 10-Year NX*****Z 2.375 01-Jun-25 104.51 104.60 104.50 15-Year NZ*****F 2.875 01-Sep-30 107.87 108.20 107.70 20-Year NZ*****V 3.375 01-Sep-33 114.84
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Mar-30 Price Net change change Last Trade Agricultural Mar-30 CBOT Soybeans (US cents/bu) 909.00 -7.00 -0.76% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.79 -0.26 -0.76% 13/05/2016 CBOT Wheat (US cents/bu) 464.00 -12.75 -2.67% 13/05/2016 Mar-30 LIFFE Cocoa (£/tonne) 2171.00 -15.00 -0.69% 13/05/2016 LIFFE Coffee (US$/tonne) 1471.00 8.00 0.55%
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    • Article
      Lock icon Singapore market cap up 3.1% in March
      681 10  -  But analysts see the momentum of the past 2 months as unsustainable, given the uncertain economic outlook By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore IMPROVED sentiment helped the Singapore market to rise 3.1 per cent in March from February levels, but with the economic
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    • CORPORATE DIGEST
      • Article
        Lock icon The Hour Glass
        49 10 LUXURY-WATCH retailer The Hour Glass’s co-founder, Jannie Chan, has retired from her executive positions. In a company filing to Singapore Exchange on Thursday, it said that she retired as executive vice-chairman and executive director with effect from that day. She remains as non-independent and non-executive director.
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      • Article
        Lock icon Noble Group
        44 10 NOBLE Group is forming a new coal procurement joint venture with Japanese utility company Shikoku Electric Power. The joint venture will be directly involved with coal producing companies in Australia and have access to Noble’s long term equity, marketing and supply agreements.
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      • Article
        Lock icon Mercator Lines
        64 10 DRY bulk shipping company Mercator Lines, which came under judicial management on Jan 18, has entered into a memorandum of agreement to sell another vessel, MV Kalpana Prem. This follows news in January that it was selling five vessels. The latest vessel is secured to the company’s major
        64 words
      • Article
        Lock icon Interplex
        36 10 BARING Private Equity Asia now controls 76.03 per cent of shares of Singapore-listed precision engineering firm Interplex Holdings. The offer will remain open for acceptances until 5.30pm on April 25, 2016, said Baring’s investment vehicle.
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    • Article
      Lock icon SGX MAINBOARD
      1753 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 133.5 -0.5 494 135 133.5 1 8.3 848.2 MCap 175.5 101 ARA Asset Mgmt 117cd -1 1307 119 116.5 1.7
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    • Article
      Lock icon SGX CATALIST
      311 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr 19.9 12.1 t Anchor Resources 12.4 unch 9878 12.9 12.1 34.7 Net P/E MCap 35 8.8 t 3Cnergy 9.5 +0.7 5
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    • Article
      Lock icon SGX ETF
      135 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1190 0 1190 1190 1039 700 CIMBASEAN40 US$ US875 +29 0 875 875 137.2 4258 2355 DBXT China50 US$ US2800 +6 13 2805 2785
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  • Page 6 Advertisements
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      181 6 A blueprint for Singapore As we reflect with pride on Singapore's remarkable transformation from a third-world to first-world economy within one generation, Singapore must continue to adapt and re-invent herself to remain relevant and competitive in a volatile global economy. But do you know what it means for your business?
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      1212 7 THE RIGHTS ISSUE COMPRISING OUE HOSPITALITY REAL ESTATE INVESTMENT TRUST OUE HOSPITALITY BUSINESS TRUST A real estate investment trust constituted on 10 July 2013 under the laws of the Republic of Singapore, managed by OUE Hospitality REIT Management Pte. Ltd. A business trust constituted on 10 July 2013 under the
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      1646 10 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      1326 10 Vaptt Asian Pay Television Trust ASIAN PAY TELEVISION TRUST (a business trust constituted on 30 April 2013 under the laws of the Republic of Singapore) (Registration Number: *****05) NOTICE IS HEREBY GIVEN that the third Annual General Meeting of the unitholders of Asian Pay Television Trust (APTT) will be held
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      70 11 Access the world Capture opportunities in global stock markets with Exchange Traded Funds. Find out more at sgx.com/etf Singapore Exchange This advertisement has been published for general circulation only. It is notUT! offertir solicitation to buy or sell,*or financial advice or recommendation In relation, to any nvestment product. Advice should
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      1710 12 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices GLOBAL INVESTMENTS LIMITED GLOBAL INVESTMENTS LIMITED (A mutual fund company incorporated with limited liability in Bermuda) NOTICE OF 2016 ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2016 Annual General Meeting (the "2016 AGM") of Global Investments Limited
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      Lock icon Page 12 Advertisements Column 2
      2151 12 NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (the "SGM") of Global Investments Limited (the "Company") will be held at Chancellor One Two Meeting Room, Level 2, Hotel Chancellor Orchard, 28 Cavenagh Road, Singapore *****5 on 29 April 2016 at 10.30 a.m. (or as
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      66 12 NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company Polylectric Engineering Pte Ltd (In Liquidation) (Co. Reg. No. *****5743M) Address of Registered Office 21 Merchant Road #05-01 Singapore *****7 Last Day of Receiving Proofs 15 April 2016 Name of Liquidator Leow Quek Shiong Address of Liquidator c/o BDO LLP 21
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      1800 13 oa LMIR TRUST LIPPO MALLS INDONESIA RETAIL TRUST LIPPO MALLS INDONESIA RETAIL TRUST (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 8 August 2007) NOTICE OF ANNUAL GENERAL MEETING OF THE UNITHOLDERS NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting (“AGM”) of the holders
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      2668 14 HEATEC JIETONG HOLDINGS LTD HEATEC JIETONG HOLDINGS LTD. Company Registration No. *****7808Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Heatec Jietong Holdings Ltd. (the "Company") will be held at 10 Tuas South Street 15, Singapore *****6
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      2336 14 Axcelasia ACCELERATING SUCCESS AXCELASIA INC. (Company Registration No. LL*****) (Incorporated in Labuan, Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the annual general meeting (“AGM”) of AXCELASIA INC. (the “Company”) will be held at Conference Room 2, TKP Conference Centre Raffles Place, 55 Market Street #03-01, Singapore
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Mark Mobius to pass on his responsibilities
      500 15 He will step down as Templeton emerging markets head; Stephen Dover to become CIO BLOOMBERG New York MARK Mobius, a money-management icon who popularised emerging-mar-kets investing, will pass on his responsibilities of overseeing the Templeton Emerging Markets Group to Stephen Dover as he
      BLOOMBERG  -  500 words
    • Article
      Lock icon BlackRock to cut over 400 jobs soon: sources
      357 15 BLOOMBERG Boston BLACKROCK Inc plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter. The reductions, equal to about 3 per
      BLOOMBERG  -  357 words
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      1964 15 0 DYNAMIC COLOURS LIMITED Company Registration Number *****4233Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dynamic Colours Limited (the "Company”) will be held at Sapphire Room 1 &2, Orchid Country Club, 1 Orchid Club Road, Singapore
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  • ENERGY & COMMODITIES
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      Lock icon Asian market can’t escape addiction to Mideast crude
      841 16 Countries lured by prices and proximity even though they want to diversify due to geopolitical risks BLOOMBERG New Delhi EVEN in a world awash with crude, buyers in the world’s biggest oil market can’t seem to escape their addiction to Middle East
      BLOOMBERG; PHOTO: AFP  -  841 words
    • Article
      Lock icon Japan nuclear dilemma to undercut power reforms
      424 16 REUTERS Tokyo JAPAN’s utilities are reserving capacity for nuclear power on their grids even though all but two of the nation’s reactors remain closed with little prospect of many others restarting, according to a Reuters survey. The practice risks complicating the biggest overhaul
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      499 16 THE COMPANIES ACT (CAP.50) In Members’ Voluntary Liquidation Right Alliance Pte. Ltd. (UEN No. *****0540H) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the company duly convened and held at 195 Pearl’s Hill Terrace #03-14 Singapore *****6 on the 1 April 2016 at 10:00 am, the following
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  • TECHNOLOGY
    • Article
      Lock icon Microsoft aims at computing platforms of future
      605 17 CEO Nadella tells developers that firm remains a force in future technologies such as AI and augmented reality AFP San Francisco MICROSOFT made a pitch on Wednesday to developers to stay with the US tech giant, saying it remains a force in future
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      1912 17 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      1624 17 m BH GLOBAL (Company Registration No: *****4900H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of BH GLOBAL CORPORATION LIMITED (the "Company") will be held at the Boardroom, 8 Pen]uru Lane, Singapore *****9 on Monday, 18 April 2016 at 10.00 a.m. to transact the
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  • CONSUMER
    • Article, Illustration
      Lock icon MetLife not ‘too big to fail’, rules judge
      758 18 She says regulators failed to adequately assess insurance company’s vulnerability to extreme financial distress NYT Washington OPPONENTS of the Dodd-Frank financial overhaul won an important battle on Wednesday as a federal judge here stripped the “too big to fail” label from the
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      Lock icon With Galaxy S7, Samsung seen rediscovering its mobile mojo
      631 18 REUTERS Seoul EARLY indications of strong-er-than-expected sales of new Galaxy S7 smartphones suggest technology giant Samsung Electronics Co Ltd is emerging from a two-year decline at its flagship mobile business. Squeezed by Apple Inc in premium products and undercut by Chinese
      REUTERS; PHOTO: BLOOMBERG  -  631 words
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      2952 18 SUNNINGDALETECH LTD (Company Registration No. *****8621R) Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of the Company will be held at Pan Pacific Singapore, Level 2, Ocean 4-5, 7 Raffles Boulevard, Marina Square, Singapore *****5 on Monday,
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  • REAL ESTATE
    • Article
      Lock icon Knight Frank to combine its two property asset management arms
      547 19 It also announces three new executive appointments; separately, CBRE names a new executive director Singapore KNIGHT Frank Singapore will amalgamate its property asset management businesses Knight Frank Estate Management and Knight Frank Asset Management with effect from April 1, 2016.
      547 words
    • Article
      Lock icon China hits property policy jam as regional market gap widens
      587 19 REUTERS Tangshan, China WHILE property prices in top-tier Chinese cities are booming, prices in smaller cities, where most of China’s urban population lives, are still sinking, complicating government efforts to spread wealth more evenly and arrest slowing economic growth. Property
      REUTERS  -  587 words
    • Article, Illustration
      Lock icon Ascendas-Singbridge buys Sydney office building
      304 19  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ASCENDAS-SINGBRIDGE on Thursday has completed the acquisition of 100 Arthur Street in North Sydney, Australia, for an undisclosed sum. The A-Grade commercial building, also known as Innovation Place, was bought from a privately-held company called Townwood. To be renamed
      304 words
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      Lock icon Billionaire Wang Jianlin seeks to privatise property unit; shares rise
      461 20 His group is considering offer of HK$48 or more for each H-share in Wanda Commercial BLOOMBERG Beijing BILLIONAIRE Wang Jianlin is considering privatising Dalian Wanda Group Co’s property unit in Hong Kong in a deal worth at least HK$31.3 billion
      BLOOMBERG; PHOTO: REUTERS  -  461 words
    • Article
      Lock icon Taking Wanda Commercial private may prove premature
      648 20  -  COMMENTARY By Nisha Gopalan BLOOMBERG Hong Kong CLOSING off a funding avenue is an unusual measure for acquisitive companies, especially one such as Dalian Wanda Group, which has spent billions buying up everything from cinema chains to triathlon organisers. But that’s exactly what
      BLOOMBERG  -  648 words
    • Article
      Lock icon Is legal recourse meaningful in a Starwood-Anbang dispute?
      1371 21  -  China is notorious for its weak rule of law; it’s not known if a Chinese court would enforce a US ruling against Anbang By Steven Davidoff Solomon NYT AMONG the many issues Starwood Hotels Resorts faces in negotiating a deal with Anbang
      NYT  -  1,371 words
    • Article
      Lock icon New UK home value index shows bigger rise between 2003 and 2011
      266 21 BLOOMBERG London HOUSING-OBSESSED Britons have something new to fixate on: property prices may have increased more than previously thought. A new official house-price index, designed by the Office for National Statistics (ONS), shows values rose an annual average
      BLOOMBERG  -  266 words
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      796 19 Investment Opportunity in TOKYO Freehold Office Building at AZABU, Minato-ku ASKING PRICE: SG$5.65M (S$1= JPY85) GROSS YIELD RATE: 4.8% LOCATION: 4 mins walk from AZABU-JYUBAN station. (2-11-13 Higashi-Azabu, Minato-ku Tokyo) LAND SIZE: 154.34m2 BUILDING SIZE: 498.04m2 COMPLETION: 1989 Freehold Retail Building at MEGURO Freehold Office Building at NIHONBASHI, Chuo-ku ASKING
      796 words
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      601 20 D10 HOUSE FOR SALE BRIZAY PARK GCB 17,200sf. 2-sty. 6+1. Serene. Pool. Good plot. High grd. No long driveway. Serious seller. Keys on hand. Andy 9227 2638 D10 HOUSE FOR SALE GREENLEAF DRIVE Semi-d 3865/3200 sf. 2-sty. 3-bdrm. Cosy/ serene. Garden. Very serious seller. Andrew 9238 0058 D10 HOUSE FOR
      601 words
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  • Page 21 Advertisements
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      559 21 D16 HOUSE FOR RENT 3A JLN NIPAH Newly rebuilt. 3500/5300 sf Modern design excellent layout, 16m s/pool, koi pond $12.5k. Immed. Also for sale. Owner 9863 5635/ 9727 2996 More at www.wahkhiaw.com.sg D09 APARTMENT FOR RENT ORCHARD ROAD Brand New! Orchard MRT. Private Lift. 2 bdrms, 2 bathrooms. Partial Furnish.
      559 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Takata sees worst-case recall scenario costs of 2.7t yen
      598 22 Airbag maker’s shares plunge 20% in Tokyo trading, reducing company’s market value to US$307m BLOOMBERG Tokyo TAKATA Corp, the supplier behind the car industry’s biggest recall ever, has estimated that a comprehensive callback of its airbag inflators would total about 2.7
      BLOOMBERG; PHOTO: REUTERS  -  598 words
    • Article
      Lock icon China’s big three airlines hit by US$2.5b forex losses
      629 22 BLOOMBERG Beijing CHINA’S big three state-owned airlines combined suffered about US$2.5 billion in for-eign-exchange losses last year after the country unexpectedly devalued the yuan in August, squeezing passenger yields and limiting profit gains from declining oil prices. Net income at China
      BLOOMBERG  -  629 words
  • Page 22 Advertisements
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      1525 22 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      555 22 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF AIR CARGO LOGISTICS ASIA PTE LTD (IN COMPULSORY LIQUIDATION) (Singapore UEN No. *****7776W) NOTICE OF DIVIDEND Name of Company: Air Cargo Logistics Asia Pte Ltd (In Compulsory Liquidation) Address of Registered Office: c/o 70 Anson Road
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      7 22 IN THE MATTER OF THE COMPANIES ACT
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      245 22 In the matter of the Companies Act, Cap. 50 And In the Matter of Emtec Asia Pte Ltd (Registration No.: *****5930D) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act (Cap. 50), that a meeting of the creditors of the abovenamed Company
      245 words
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  • SINGAPORE MARITIME WEEK 2016
    • Article, Illustration
      Lock icon Tackling the challenges together
      2239 23 The global maritime industry is weathering headwinds in an uncertain market. Leading players suggest a host of strategies, including the well-proven collaborative approach between industry, government and the unions, to further hone Singapore’s competitiveness POSITIONING FOR FUTURE GROWTH Roundtable participants IAndreas Sohmen-Pao, chairman, BW Group; chairman,
      2,239 words
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      58 23 SINGAPORE maritim POSITIONING FOR FUTURE GROWTH 2 0 16 17™ 22 nd APRIL 2016 V w PEOPLE IDEAS OPPORTUNITIES DISCOVER, SHARE AND CELEBRATE ALL THINGS MARITIME! Maritime and Port Authority of Singapore MPA SET SOCIAL WITH US! FACEBOOK: www.facebook.com/mpasg instagram: @maritime_sg #MaritimeSG #MaritimeStories twitter: MPA_Singapore #MaritimeSG #MaritimeStories ra linkedin: Singapore
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      4 23 Brought to you by
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  • Article
    Lock icon S&P cuts China credit rating outlook on risk of slower rebalancing
    685 24 It says over next 5 years, China will show modest progress in economic rebalancing and credit growth deceleration BLOOMBERG Hong Kong STANDARD Poor’s (S&P) has cut the outlook for China’s credit rating to negative from stable, saying the nation’s
    BLOOMBERG  -  685 words
  • Article
    Lock icon Healthcare, software spending up sharply in China budget for 2016
    419 24 REUTERS Shanghai CHINA’S Ministry of Finance unveiled details of its 2016 budget plans with spending jacked up sharply on many items, including an 11-fold increase for “repairs” to 94 billion yuan (S$15.6 billion). Other big increases have been made for
    REUTERS  -  419 words
  • Page 24 Advertisements
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      2405 24 Notice of Annual General Meeting H hLokp holdings limited (Incorporated in the Republic of Singapore) (Company Registration No. *****1165G) NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting (the "AGM”) of OKP HOLDINGS LIMITED (the "Company”) will be held at 30 Tagore Lane, Singapore *****4 on Monday, 18 April
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Singapore getting trounced in IPOs
      945 25 Listings this year on its bourse have totalled US$34m, lagging Thailand and Malaysia BLOOMBERG Singapore SINGAPORE’S reign as the premier destination for initial public offerings (IPOs) in South-east Asia may be coming to an end. Singapore’s stock exchange had the smallest haul of new share
      BLOOMBERG  -  945 words
    • Article
      Lock icon British current account deficit hits record high
      423 25 REUTERS London BRITAIN’S current account deficit widened to a record high at the end of last year, highlighting a weak spot in an economy coming under sharper focus ahead of a vote on whether to remain in the European Union. Official data also
      REUTERS  -  423 words
    • Article
      Lock icon Eurozone inflation still negative
      225 25 AFP Brussels EUROZONE consumer prices continued to fall in March at only a slightly slower pace than in February, data showed on Thursday, despite the European Central Bank boosting its already massive stimulus programme to beat deflation. Economists fear falling prices because if consumers delay purchases
      AFP  -  225 words
    • Article
      Lock icon EU watchdog fines DTCC for derivatives repository failings
      337 25 REUTERS London THE European Union’s (EU) markets watchdog has fined the US DTCC Derivatives Repository Ltd 64,000 euros (S$97,920) for failing to give regulators speedy access to data on trades as required under the bloc’s laws. The fine is modest for a
      REUTERS  -  337 words
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      Lock icon India eyes first AIIB-issued loan for solar power projects
      553 26 Funding for clean energy initiatives would allay fears that bank’s relaxed lending criteria could promote dirty fuels REUTERS New Delhi INDIA hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank (AIIB) later this year,
      REUTERS; PHOTO: BLOOMBERG  -  553 words
    • Article, Illustration
      Lock icon Sarawak to hold elections in test for Najib
      353 26 BLOOMBERG Kuala Lumpur MALAYSIA’S Sarawak state will dissolve its assembly on April 11, paving the way for elections that are seen as a test of support for Prime Minister Najib Razak. The Election Commission will fix the nomination and polling days after
      BLOOMBERG; FILE PHOTO  -  353 words
    • Article
      Lock icon Mahathir resigns as chairman of Proton
      292 26 Kuala Lumpur FORMER Malaysian premier Mahathir Mohamad has resigned as chairman of national carmaker Proton Holdings, effective March 30, Reuters reported his office as saying in a statement on Thursday. Dr Mahathir, who served as prime minister from 1981 to 2003, founded Proton in
      292 words
    • Article
      Lock icon Monetary policy alone can’t fix global woes, says FSB’s Carney
      312 26 REUTERS Tokyo FINANCIAL Stability Board (FSB) chairman Mark Carney warned on Thursday that the challenges global policymakers face in a low nominal-growth environment cannot be solved by ul-tra-loose monetary policy alone. Mr Carney, who is also Bank of England governor,
      REUTERS  -  312 words
    • Article
      Lock icon Suu Kyi to cement power with special ‘adviser’ role
      489 26 REUTERS AFP Naypyidaw AUNG San Suu Kyi’s party moved on Thursday to make her a special state adviser, as she cements control over Myanmar’s first civilian government in decades from a position that could be akin to a prime minister. The
      REUTERS; AFP  -  489 words
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      Lock icon Famed architect Zaha Hadid dies at 65 from heart attack
      523 26 Her designs were commissioned around the world, including HK, Germany and Azerbaijan London ZAHA Hadid, the world-renowned architect whose designs include the London Olympic aquatic centre, has died aged 65. The British designer, who was born in Iraq, had a
      FILE PHOTO  -  523 words
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      2160 25 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices RIVERSTONE HOLDINGS LIMITED (Company Registration No. *****0666D) (Incorporated in the Republic of Singapore) (the "Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Raffles Hotel Singapore, 1 Beach
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      1961 27 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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      244 27 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 118 PRW280 02/04/2016 03/04/2016 Perawang/Perawang DAILY Marco Polo 158 BST236 02/04/2016 03/04/2016 Pekanbaru/Buatan DAILY Marco Polo
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  • OPINION
    • Article
      Lock icon Exorbitant finance sector CEO pay: Israel’s cap and chutzpah
      580 28 EDITORIAL AFTER years of much talk but little real action worldwide in the clampdown on excessive CEO pay, one unlikely country has set a few benchmarks in a trailblazing move to cap top-tier salaries in the finance sector. Better known as
      580 words
    • Article
      Lock icon Asian businesses can do more to eradicate slave labour
      814 28  -  THE BOTTOM LINE By Grant Clinch T The writer is head, Asia-Pacific, Japan, at Ariba. THERE are slaves in your supply chain. Yes, you read that right. According to the International Labour Organization (ILO), there are more than 20 million forced
      814 words
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      Lock icon Trump needs to define his foreign policy
      1290 28  -  He should discuss his ‘America First’ policy in terms of the nation’s political and strategic interests and not as a cost-effective analysis or a discussion of his skills as a negotiator By Leon Hadar Washington IT may sound as a cliche of sorts,
      PHOTO: REUTERS  -  1,290 words
    • Article
      Lock icon China’s army of young, educated workers will keep economy on track
      922 29  -  COMMENTARY By Frederic Neumann TThe writer is co-head of Asian Economics Research at HSBC. THERE are plenty of dire predictions around China: its economy might suffocate under a mountain of debt. If not, then pollution witness Beijing’s toxic skies
      922 words
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      Lock icon Bank of England critics barking up the wrong tree
      665 29  -  COMMENTARY By John Nugee T The writer is a director of the Official Monetary and Financial institutions Forum and a former chief manager of reserves at the Bank of England. This is part of OMFIF’s series on the UK EU referendum,
      665 words
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      Lock icon Beware the limits of monetary, fiscal and regulatory policies
      1018 29  -  A cut in policy interest rates, for example, creates only an ephemeral valuation jump. jump.BY ROMAN ZYTEK T The writer is the chief economist at the Autoriti Monetari Brunei Darussalam (AMBD). The views here are the writer’s only, and do not
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    • Article
      Lock icon OECD has the right recipe for the global economy
      651 29  -  COMMENTARY By David Marsh TThe writer is managing director of the Official Monetary Financial institutions Forum. Singapore THE “new mediocre” as an epithet to describe the global economy suggests a fatalistic resignation to sombre world circumstances akin to a dull acquiescence
      651 words
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  • CITY LIFE
    • Article, Illustration
      Lock icon PRESSURE COOKING
      950 30  -  Think you have the gravitas to serve up a three-course dinner for 50-60 people? Kilo Under Pressure provides the stage for wannabe chefs. BY AVANTI NIM BY AVANTI NIM SURE, some successful chefs gave up illustrious careers in law and finance to pursue their dreams of opening a
      PHOTOS: KILO  -  950 words
    • CITY BUZZ BT writers' picks of what to see, do or talk about
      • Article, Illustration
        Lock icon The vintage Fair
        111 30  -  SHOPPING is.By Tay Suan Chiang BUOYED by the success of their first vintage fair last year, Journey East is holding a second edition this weekend. Expect the “creme de la creme” of vintage players including By My Old School (above), which carries a range of collectibles and
        111 words
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        Lock icon The Collectors
        129 30  -  THEATRE By Helmi Yusof THE art and origins of Chinese puppetry is explored in this two-hour site-specific production that takes place around the premises of Centre 42 on Waterloo Street. Performed by the reliable puppetry troupe The Finger Players, it pays homage to the tradition of Chinese puppetry
        129 words
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        Lock icon PLATING UP A TASTE OF SPRING
        289 30  -  By Tay Suan Chiang DINING Spring Menu WE may not enjoy the four seasons here, but that is not hampering chef Matthew Mok from creating a new seven-course spring menu for his restaurant Rabbit Stash. “Spring is all about evoking clean and fresh flavours.
        PHOTO: RABBIT STASH  -  289 words
      • Article, Illustration
        Lock icon HBO Asia’s The Game of Thrones Experience: Worlds of Westeros
        276 30  -  TELEVISION By Rachel Loi YOU know nothing about Jon Snow’s supposed death in Season 5, and it’ll be another three weeks before you even get an inkling. But in the meantime, how about taking a virtual journey to the top
        PHOTO: HBO  -  276 words
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        Lock icon The Projector’s upcoming Specials
        181 30  -  MOVIE By Dylan Tan HERE is something you won’t find in your local neighbourhood cineplex. The Projector is screening short films nominated for films nominated for this year’s Oscars over the next two weekends. Live-action and animated shorts will be shown separately. It is also celebrating
        PHOTOS: ERIC KHOO  -  181 words
      • Article, Illustration
        Lock icon Liao zhai Rocks
        202 30  -  THEATRE By Helmi Yusof MIXING a literary classic with rock music, Liao Zhai Rocks is a musical based on a supernatural tale by Pu Song Ling, whose ghost story collection Strange Tales from a Chinese Studio (Liao Zhai Zhi Yi) dates back to 1740. In this adaptation,
        PHOTO: THE THEATRE PRACTICE  -  202 words
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  • WINE/DRINKS
    • Article, Illustration
      Lock icon Master of Margaux
      1046 31  -  Paul Pontallier helped Margaux wines retain their imprimatur of excellence striving for “elegance and balance”. BY ERIC ASIMOV OBITUARY BY ERIC ASIMOV NYT PAUL Pontallier, who helped restore the celebrated Bordeaux producer Chateau Margaux to pre-eminence and served as its passionate embodiment around the world, died on
      NYT; PHOTO: BLOOMBERG  -  1,046 words
    • Article, Illustration
      Lock icon Bottling your very own whisky
      845 31  -  DRINkS By Christopher Lim limchris@sph.com.sg @ChrisLimBT WHISKY appreciation is a lot more than just learning about existing styles. For the real connoisseur, it means going to the next level creating your own blends. And if you really want to make an impression on your clients
      PHOTOS: SPIRIT OF SCOTLAND, DIAGEO  -  845 words
  • Page 31 Advertisements
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      55 31 Wein&Vin Your German and French Specialist a 201 1 NUITS-S T -GEORGES Wein Vin is a wholesale wine merchant that specialises in German and French wines. Check out our 2013 Henri Gouges (famous Nuits St. Georges) and the superb 2 nd wines of Calon Segur, Smith Haut Laffite and Montrose
      55 words
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  • ARTS
    • Article, Illustration
      Lock icon Whipsawed by the ghosts of our past
      676 32  -  by Cheah Ui-Hoon uihoon@sph.com.sg LAST year, The Necessary Stage fused dance, drama, music, literature and multimedia in the kaleidoscopic play, Gitanjali (I Feel The Earth Move). Buoyed by its success, TNS resident playwright Haresh Sharma once again uses a fusion of arts to
      PHOTO: TNS  -  676 words
    • Article, Illustration
      Lock icon East side-by-side with West
      707 32  -  National Gallery and Centre Pompidou display South-east Asian and Western art together, to enrich notions of the Modernist painting. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT STEPPING into Gallery 3 of National Gallery’s new show Reframing Modernism, one is struck by the passing similarities of
      PHOTOS: HELMI YUSOF  -  707 words
    • Article, Illustration
      Lock icon Harrowing devolution of schoolboys
      499 32  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT SIGHT Lines’ staging of Lord of the Flies has one of the most impressive production designs of the year. Set designer Wong Chee Wai turns the small SOTA Studio Theatre into a dense and claustrophobic jungle. The leaves and branches loom
      PHOTO: WALLACE WOON/SIGHT LINES  -  499 words
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  • CINEMA
    • Article, Illustration
      Lock icon Classy arthouse film is a cut above
      597 33  -  By Geoffrey Eu A BIGGER Splash is the sort of movie that underlines the chasm between Hollywood and European cinema with a narrative style, arthouse sensibility and unpredictable-ness that sets it well apart from blockbuster territory. Italian director Luca Guadagnino (I am Love,
      PHOTO: SHAW  -  597 words
    • Article, Illustration
      Lock icon Same-old, same-old in Neo’s kampung sortie
      443 33  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT JACK Neo displays the potential of a half-decent filmmaker with Long Long Time Ago 2, the sequel and final part of his Chinese New Year box-office hit about kampung life set against the birth of modern Singapore. Letting the
      PHOTO: GOLDEN VILLAGE  -  443 words
    • Article, Illustration
      Lock icon Fleshing out a superhero
      651 33  -  English actor Charlie Cox gets under the skin of Marvel’s Daredevil. BY NATALIE KOH natksl@sph.com.sg @NatalieKohBT GIVEN the overwhelming success of action hero show Marvel’s Daredevil on independent network Netflix, you would think Charlie Cox would have a little more confidence going into Season 2. But
      PHOTOS: PATRICK HARBRON/NETFLIX  -  651 words
  • Page 33 Miscellaneous
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      322 33 CRYPTIC CROSSWORD Across 1 Task force from a state free of prejudice? (10) 6 Small sweet potato (4) 9 Managers of newspapers, for example, accepting one’s sign of hesitation (10) 10 Bother to repair (4) 12 Horrible struggle across line (4) 13 Stone altar base rebuilt (9) 15 About to
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  • BT Lifestyle
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      Lock icon CLASSICAL TRILLS & SPILLS
      1802 34  - CLASSICAL TRILLS SPILLS Just because a piece of music is decades or centuries old doesn’t mean one can’t breathe new life into it. Il Divo, Richard Clayderman and the Philharmonic Winds are no strangers to giving classical music a pop-makeover and boast multi-generational fanbases. Their upcoming performances will be anything
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      41 35 THE BUSINESS TIMES *****1 S$1.20 3000 1 1" > S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION WWW.bUSineSStimeS.COm.Sg G @BusinessTimes I CO REGN NO *****2868E I MCI (P) 039/08/2015 Friday, April 1,2016 Standard Chartered £2 is: <- m VdOGQQQGOj OU MB r ubjf f X.
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      414 36 Standard Chartered SS mmssk -r waf jP|l»gigS|5? Ssrwms*ao^as^p »0iSSSS5jw^S«fe ■411® Vv.;-.-' 0 l» imt iS! @R -'.VfSJiiW feifsiS khPh Q »ssg53^es®as:iK«f?s 'v«V- Css .v. ■'-J Sis rnmsm as ti I S'J:K" Vi lasaHI tf§ it v:;-- V-> 81 stiy m*3 ™l™fwilu«0 r f«l m m vzy $$*3s8S3SS« m 1 MEMBER
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      Lock icon Big picture, big winners
      551 1  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT HINKING about the big picture and keeping up the good fight are two indispensable traits that are key in a business world as complicated, volatile and challenging as today’s. These characteristics, entrenched in the winners of the Singapore Business Awards, remind
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      Lock icon A supply chain love affair
      2337 2  -  YCH Group boss Robert Yap explains how he built up his logistics empire after reluctantly taking over from his father 36 years ago. BUSINESSMAN OF THE YEAR ago.BY CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT Never mind that his first love is dabbling in information technology or that
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      Lock icon Charting its own course
      347 2 YCH Group’s transformation has been tremendous over the past 61 years, from a small passenger transport company to having footprints in the Asia-Pacific. Let us take a quick look at the group’s significant milestones so far. TIMELINE 1955: Yap Chwee Hock Transport and General Contactors is
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      Lock icon Bits, bytes and banking
      2260 4  -  DBS chief says banks that ignore innovation will risk becoming obsolete. OUTSTANDING CHIEF EXECUTIVE OF THE YEAR BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT There is no doubt dbs has taken technology very seriously over the last five years. There is also little surprise, considering that its chief
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      1290 4  -  By Mohit Mehrotra, Arnub Ghosh, Richard Hill T The writers Mohit Mehrotra, Arnub Ghosh and Richard Hill, are respectively, strategy consulting leader, senior manager and consultant at Deloitte South-east Asia. The views expressed are their own. IN the fourth industrial revolution or
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      1735 5  -  Jumbo Group’s CEO says the small base the firm is starting from gives it a lot more room to grow, regardless of how badly the Chinese economy might perform. BY ANDREA SOH THE ENTERPRISE AWARD perform.BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT JUMBO Group might have just wrapped
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      1095 10  -  Any prospective investor intending to set up a business in the region must be cautious of the issues and challenges that arise in relation to investing here. BY SUSHIL NAIR BY SUSHIL NAIR T The writer is the co-head of the Corporate Restructuring Workouts team
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      683 10  -  By Ong Pang Thye T The writer is deputy managing partner at KPMG in Singapore THE world is changing rapidly and providing new growth opportunities from urbanisation, an increase in disposable income and a technology-savvy population all of which will create new demand for goods and
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      759 10  -  By Jonathan Wright, Lennard Lee T Jonathan Wright is a partner and leader of the EY Asia-Pacific Advisory Center, Ernst Young Advisory Pte Ltd. Lennard Lee is a manager at Ernst Young Advisory Pte Ltd. TO say the current business environment is highly ambiguous and
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      1432 11  -  Shafie Shamsuddin says a successful business leader dreams big, leads from the heart, is humble, and most importantly, kind. OUTSTANDING CHIEF/SENIOR EXECUTIVE (OVERSEAS) OF THE YEAR BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT A GENUINE love for serving customers has served Shafie Shamsuddin well. The 45-year-old president and
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      1271 13  -  Navigating the business climate in 2016. By YEOH OON JIN T The writer is PwC Singapore’s executive chairman. PWC’S most recent annual global CEO survey found that CEO confidence in the growth of the global economy over the next 12 months fell by 10 points
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      62 1 inside A supply chain love affair Bits, bytes and banking Going Jumbo in China 2 4 5 Navigating legal minefields in Asean Balancing idealism with pragmatism Diversity works 10 11 13 The Singapore National Employers Federation extends heartiest congratulations to our President. Dr Robert Yap EXECUTIVE CHAIRMAN OF YCH GROUP
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      175 3 BUSINESSMAN OF THE YEAR Dr Robert Yap The Management and Staff of the YCH Group of companies are honoured that our Executive Chairman has been awarded Businessman of the Year at the Singapore Business Awards 2016. Founded in 1955 and headquartered in Singapore, YCH Group is the leading end-to-end supply
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      138 5 Congratulations to our Founding Chairman Dr Robert Yap for being conferred the prestigious Businessman of the Year Award WE BRING PEOPLE TOGETHER BECAUSE PEOPLE ARE AT THE HEART OF OUR BUSINESS Supply Chain Asia aims to bring together professionals from the logistics and supply chain industry to share knowledge, learn
      138 words
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      121 6 / 7 22,000 Sparks, with one purpose: making banking joyful. DBS is proud to celebrate with Piyush Gupta, as the "Outstanding CEO of the Year" at the Singapore Business Awards. Like our CEO, we are united by a single purpose to enable our customers to live more, bank less. By making banking
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      239 8 / 9 Congratulations to the Executive Chairman of YCH Group Dr Robert Yap on being conferred Businessman Of The Year at the Singapore Business Awards 2016 Delivering World Class Supply Chain Management Excellence With modest beginnings as a local family-run transportation business in 1955, YCH Group has evolved over the past 6
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      31 10 Aleoca Pro Singapore Pte Ltd oan^/ Shafie Shamsuddin, President CEO, PT Trans Retail Indonesia (Carrefour), on being named Outstanding CEO Senior Executive (Overseas) LE ITALIANO CONCETTO f Singapore 3usine« Awards 2016
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      35 11 JUMBO Group Limited is proud to win The Enterprise Award Singapore Business Awards 2016 JMMB® GROUP Bonding people through food T r s v r 5 V < 4-J m -t M pot JCafe O www.jumbogroup.sg
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      138 12 C ongratulations to all the OUTSTANDING CHIEF EXECUTIVE OF THE YEAR amazing winners BUSINESSMAN OF THE YEAR OUTSTANDING CHIEF/ SENIOR EXECUTIVE (OVERSEAS) OF THE YEAR THE ENTERPRISE AWARD SHAFIE SHAMSUDDIN President Chief Executive Officer PT Trans Retail (Carrefour Indonesia) PIYUSH GUPTA Chief Executive Officer DBS Group Holdings Ltd JUMBO GROUP
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      171 14 Congratulations to the Executive Chairman of YCH Group Dr Robert Yap on being awarded the Businessman of the Year at the Singapore Business Awards 2016 With Innovation at the Core of YCH Group, the Possibilities are Endless RETURNLOGISTICSRETROGISTICS® ENDUSER/CONSUMER With innovation as a part of the corporate culture at MANUFACTURERS
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